by Emmett R Smith
Any legal entity other than the individual citizen, when given equal rights or indeed preferred treatment in law, sooner or later must be the enemy of liberty and the well-being of human persons. The large corporation therefore, itself a legal fiction of government, is necessarily as often as government itself the ultimate oppressor of citizens. That made clear, there is nothing whatever legitimately to be disputed, in the following 1924 speech from the YouTube archives, by President Calvin Coolidge:
The following version has a perhaps clearer audio portion:
Delightfully of course as Willam Allen White wrote, President Coolidge does quack, and so those who are after things from off of the government that they should not have will now throw up their quack objections. As a matter of constitutional principle of it is within their right to fulminate opinion. All that is important in terms of both constitutional and free market principles is insure the political process of our democracy, and the free exchange of money and all other property. Neither any corporation nor government can evade the day of reckoning therefore. Corruption as a human matter is inevitable — this is why we have, or should have, regular elections of all our public officials. Likewise, the periodic collapse of corporations in the course of cleansing economic depressions is an undoubted objective good in History.
No government yet has been able to legislate either against greed or on behalf of goodness, no more than any company or business has been able to provide permanent prosperity. At best in any emergency other than outright war all government may be hoped to do is to alleviate the immediate problems of citizen survival, when citizens individually are in need. This can be done successfully only on the basis of supplying simple food and clothing, basic shelter, and essential medical care. The menace that will arise in every case is when emergency aid is followed by a period of entrenched professional non-productive careerism. This is a thorny problem in all sincerity as so very often the first generation of helping professionals to arise from amid the ranks of citizen emergency volunteers truly mean well and dream of a better future.
However they must be either thwarted regardless, or weeded out and sent home as as soon as possible after any emergency such as a big recession or depression. For only in this way then will the government have a recreated reserve of new wealth to draw upon, in the inevitable next emergency. The point will be better grasped when you reflect on the fact that President Obama’s projected borrowing now is at redoubled hazard because in 1981 and 1982 — a generation ago — the federal budget was not then severely curtailed in times of relative prosperity. Accounting tricks and deferred habits of thrift in the end will carry the individual and nations only so far, and no further.
As matters stand now for the United States and President Obama, the tragedy is that in all of this time since the Great Depression of the 1930s historians will conclude there was no real conservative party in the United States.
[Emmett R Smith all text-rights reserved 21 February 2009]