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On America’s Ruling Class

If you missed this powerful essay by Angelo Codevilla, “America’s Ruling Class — And the Perils of Revolution,” I highly recommend it. I learned yesterday that Dr. Codevilla, a professor of international relations at Boston University and a senior editor of The American Spectator, has expanded his article into a book, The Ruling Class: How They Corrupted America and What We Can Do About It, which you can order at Amazon.com. (You can also pre-order it on Kindle.)

The title of Codevilla’s essay and book is derived from the growing anti-establishment sentiment among  Americans, now furious at Washington politicians who continue to ignore their voices. Most people I know want to vote all the bums out in November. I think this helps explain the recent primary victories of Rick Scott in Florida (over establishment favorite Bill McCollum in the gubernatorial race) and Joe Miller’s victory over incumbent Sen. Lisa Murkowski in Alaska.

Other Evidence that Americans are turning on the establishment is found in the waning audiences of the progressive media outlets, which are losing viewers, money, and credibility faster than the bedbugs are reproducing in NYC. Unfortunately, CBS’ ratings are not dropping as fast as Americans are losing their rights, but the backlash has begun. Nov. 2 is coming.

The first wave of this anti-establishment sentiment came in response to the $700 billion “Troubled Asset Relief Program” (TARP) legislation, which passed in 2008 despite a huge public outcry against the bill. Codevilla notes that that public objected to TARP “by margins of three or four to one.” Discussing the public’s epiphany, Codevilla writes:

When this majority discovered that virtually no one in a position of power in either party or with a national voice would take their objections seriously, that decisions about their money were being made in bipartisan backroom deals with interested parties, and that the laws on these matters were being voted by people who had not read them, the term ‘political class’ came into use. Then, after those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public’s understanding, the American people started referring to those in and around government as the ‘ruling class.’

Codevilla’s work is important because it helps identify and expose the fraud being committed against the American people. Most Americans now realize the government is acting as the destroyer of our economy. They realize government is a non-productive (and often incredibly inefficient) entity whose only means of getting money is through taxation, printing fiat money, or selling government securities to be paid back with future taxes.

I personally believe that Ayn Rand has a lot to do with this awakening. The intellectual elite will never admit this–they will even condemn her as they did in a recent NRO article, “The Greatly Ghastly Rand”–and maybe not all the Tea Partiers even know about her explicitly. (Some do, because I saw “Who is John Galt?” signs at the Tea Party rally I went to in Orlando.) Still, her influence here and abroad is undeniable. Her literary classic, Atlas Shrugged, first published in 1957, remains a top-seller.

Seeing the events in the economy unfold today, I am reminded of a passage she wrote in her 1974 essay “Egalitarianism and Inflation,” (from Philosophy: Who Needs It):

While the government struggles to save one crumbling enterprise at the expense of the crumbling of another, it accelerates the process of juggling debts, switching losses, piling loans on loans, mortgaging the future and the future’s future. As things grow worse, the government protects itself not by contracting this process, but by expanding it. The process becomes global:  it involves foreign aid, and unpaid loans to foreign governments, and subsidies to other welfare states, and subsidies to the United Nations, and subsidies to the World Bank, and subsidies to foreign producers, and credits to foreign consumers to enable them to consume our goods–while, simultaneously, the American producers, who are paying for it all, are left without protection, and their properties are seized by any sheik in any pesthole of the globe, and the wealth they have created, as well as their energy, is turned against them, as, for example, in the case of Middle Eastern oil.

Needless to say, left unchecked, government’s economic meddling and expansion does not end well. But, as the ruling class are beginning to realize, you should never underestimate the American people.

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