The Role of Government

As Syria continues to slide into chaos with the slaughter of 90 people by Government forces that are as such, denied. Of course they are. The Government’s attempt to blame the rebels is expected but is it logical? The repression that results in a massive popular rebellion is in itself an unacceptable form of Government because it is never in the interest of the people. To live in fear is the crime committed by unreasonable Government. If the useless build up of nuclear arsenal The Cold War begat had been invested in the quality of human life then the byproduct could have been bettered education and progress for all of humanity, accumulating wealth in an environment that invested wisely in free energy for all and good clean public transport. But no, investing in defeating the political arrogance of each side required the creation of such threat to stop supposed military desires each side suspected of the other.

Clearly, the Western incursions into hotbeds of Al Qaeda have been horribly costly to the world’s balance sheet as its largest economy borrows trillions of dollars to finance it. And we get a recession as a result of ridiculous laws that fail to protect the taxpayer from massively magnified risk due to market manipulations that make financial giants accumulate risk positions that can go sour and then continue to worsen creating exponential losses – ones that could result in a simple bankruptcy and protect the tax payer. If a trader were to lose their ticket over untenable positions (where losses can not be covered) – effectively mini bankruptcies, the damage would be localised. Government would fulfil its role of sustaining by directing the flow of benefit back to the people that elected them.

Economics is a kind of war. It enslaves countries by locking them into debts that they could not sustain. But like any game, it is one where national advantage means disadvantage to others. International competition comes into it as populations are migrant.

The role of government is to create conditions where economic growth does occur and the tax take increases as the skill level of the population increases.

Instead Governments become score keepers rather than talented actors that provide a level playing field where fairness between people is rewarded and criminality reduces.

We will never get there by arguing. That is what politicians seem to do. It is a lack of creative dynamism that characterises period of recession.

The problem is that the government has allowed a blur to exist between public capital and private risk. Although the bankers committed this error, it is the role of Government to prevent them.

Developments – Russian vote sought as British Foreign Secretary goes to Moscow. Will he have any effect telling the Russians to support a UN embargo on weapons supply (the Russians are the supplier and support the Assad regime) and sanctions?

NY Times – U.N. Security Council Issues Condemnation of Syria Attack

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