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Politics : Politics for Pros- moderated

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To: LindyBill who started this subject	8/12/2004 6:22:58 AM
From: LindyBill	Read Replies (1) of 793946

Good description. We do find most of the refugee socialists today involved in running or advocating the regulatory agencies. Especially in the environmental area. Hypermodern Socialism By Madsen on Economics - Adam Smith Blog In classical chess players fought to occupy the centre. They advanced King's or Queen's pawns, knights and bishops. He who had gained the centre could attack from there. Hypermodern chess, pioneered by Nimzowitsch, Alekhine and Reti, sought not to occupy the centre at once, but to control it from afar. It was often characterized by fianchettoed bishops controlling the long diagonals across the centre from the knight's second square. The new Socialism echoes this approach. It no longer nationalizes industries into state ownership, but seeks to control them through new regulatory bodies which have great powers to circumscribe their activities. It does not need government itself to raise spending into a recession if it can manipulate its private citizens to do so by stimulating them to borrow and spend. It can use bodies which it controls to stipulate in minute detail the activities of business. It can determine the hours, conditions and sometimes even the pay of its workers. It can stipulate not only the targets to be attained, but the technology used in the process. Like a hypermodern chess master it controls from afar, without actually occupying the central territory of business. A problem is that capitalism depends on the enterprising mind and the innovative thinker, and on the freedom to try out the new. This is the source of new products and processes. This is how new ideas on efficiency and cost saving are incorporated. If government has the Socialist mindset that political brains should direct the economy, then it will stifle the very dynamism which makes capitalism so beneficial. It will do so whether the approach is one of direct central command, or of control from afar in the hypermodern style.

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