The Blue Bus Is Calling Poverty-Stricken India - While The USSA, The EUSSR, And Japan Are Lost In The Wilderness Of Monetary Pain, And All Their Children Are Insane: Take #5

My previous post concluded by advising my reader NOT to trust the government - and, indeed, if we inquire into the peculiar "genius" of the Anglo-Saxons, as to why they succeeded so spectacularly not too long ago, especially as compared to all the other peoples on the Continent, we find precisely this trait, as expressed in three fundamental "political values" they cherished: the first and most important of these was their Ancient Laws, which they did NOT want altered by the Norman conqueror, which is why they always resented "statutes"; they valued their Ancient Laws because these not only "protected" them - Torts are their oldest law - but even more so because these gave them Liberty; and thus, quite naturally, they valued Justice very highly, hating tyranny and arbitrary rule. 

These traits thus led them to "stumble upon establishments" that other European people did not - first, "civic independence" as represented by the Civic Sword which kept their King OUT of their City, a "tradition" that is over 800 years old today, and still faithfully followed; and then, not too long after that, the Magna Carta, by which they effectively placed their "lawless" King - and his successors - UNDER THE LAW.

They did NOT place any blind faith and trust in their sovereign, but in the signed "covenant" between him and his subjects. From then on, no King - and most certainly not any of his servants - could illegally arrest, imprison, or otherwise "destroy" any subject, which we now call "due process"; and for all his demands in terms of taxation, the King would require the "common consent of the realm" - as "represented" by the various "estates."

Note: There was no one - not the King, who was just a "warlord," nor Parliament, whose only task was to vote on taxes - who could MAKE LAW.

There was NO LEGISLATION. 

Thus, in the 13th century, the great English judge Bracton noted the following peculiarity of the English "genius" as against what they did on the Continent: 

While they use leges and a written law in almost all lands, in England alone there has been used within its boundaries an unwritten law and custom. In England, legal right is based on unwritten law which usage has approved… For the English hold many things by customary law which they do not hold by lex.

Law was "found" - not "made" - and it was found by LOOKING AT THE PAST, at past practices, and also at past judicial decisions. It was a "private law society" - this "common law" world of the Anglo-Saxons. The following quote from a history of English law reveals clearly what the "legal order" in their society was all about:

Englishmen in the Middle Ages accepted, as they do now, the need for rules governing such recurring relations as those between buyer and seller, landlord and tenant, guardian and ward, creditor and debtor. Rules of common law touch a farmer’s property rights in a crop of wheat planted in a rented field or the right to use a public roadway. Nor is the common law a stranger in the marketplace; the fishmonger as well as the banker may invoke its protection. The bond, then, between law and society is close and intimate; the history of the common law is matter-of-fact and rests ultimately on the relationships of people who have taken their differences before a court for settlement.

LAW - that is what came to India from England. And it is this that the socialists have PERVERTED, since they LEGALLY PLUNDER PROPERTY. You need only look at the cover of the book on the history of the common law above to realise that EVERYTHING had to do with Property: its mapping, and its titling, and thereafter, all the various "rights" particular persons had to it, or its produce, including even tenants and sharecroppers. All were "documented"; and all were "protected." Our socialist chappies are "mapping irises" today - which is why there is NO LAW OF THE LAND.


Incidentally, when Indian politicians - from Gandhi to Advani - talk of "Ram Rajya," it is about MYTHOLOGY. It has NOTHING to do with LAW. Or with HISTORY. Or even with GOVERNMENT.

We should never TRUST such political rhetoric.






What I have briefly discussed above WAS the West - and this was why the West was the Best. 

Let us look at them today:






 
There are regular reports of public protests in Greece, Spain and Portugal - and the news refers to these as "anti-austerity protests."

Actually, these are nothing but PRO-BENEFIT protests.

From "representation of taxpayers" they have moved to "representation of tax-parasites"; and they have all become "lawmakers" too. WORLDWIDE.

Thomas Paine's little pamphlet of 1776, Common Sense, which played such a big role in determining the course of the American Revolution, was CLEARHEADED as compared to the western "intellect" of today - for he says taxes are paid only because the citizen "finds it necessary to surrender up a part of his property to furnish means for the protection of the rest"; prior to which he clarifies that government is NOT "society" in any sense, which is the Patron, and all it is expected to do is perform the role of PUNISHER, and punish those who violate property. 

In India today, we suffer from the "criminalisation of politics and the politicisation of crime" - and even the CBI has a "conviction rate" of less than 4 per cent!

The way out of this MESS of INJUSTICE is TORTS - as I discussed in this column.




In any case, what the classical liberals meant by the expression "political economy" was PRECISELY the fact that "the least taxes are the best" - for then the citizenry get to keep most of their their wealth for themselves, for saving, and for investment, as also for consumption. So, to them, an EXTREMELY AUSTERE government would have seemed EXCELLENT!


The following on "education" in political economy in 18th century England is extracted from an earlier post:

Further, in that golden age of classical liberal political economy, from the British Adult Education Movement to that of education for the working classes and their children - all of which came from PRIVATE EFFORT - the end result was that, in Britain at least, "young or old, rich or poor, man or woman, very few in the nineteenth century could have escaped the predisposition of opinion in favour of learning political economy." S Ambirajan, Classical political economy and British policy in India. (p. 10)

Ambirajan adds, "The teaching of political economy in the schools was encouraged and suitable extracts from the writings of eminent economists were made readily and widely available to SCHOOLCHILDREN." These were all PRIVATE SCHOOLS, of course.

The West is in DECLINE today only because of FREE PUBLIC SCHOOLS!

MISEDUCATION!

This is why the West today is lost in the wilderness of monetary pain - and all their children are INSANE!

Wanna follow the West today?


Wanna INCREASE TAXATION - as Obama is planning to?

Here is something on the so-called "fiscal cliff" the USSA is facing - actually nothing but a MOUNTAIN OF DEBT that simply cannot ever be repaid:

President Obama’s contribution of $5,595 billion to the U.S. national debt during his term in office through 1 November 2012 would be represented by a solid gold cube that is 55.7 feet high by 55.7 feet long by 55.7 feet wide, which would represent about 60% of all the gold that is known to exist in the world. It would take just over 149 standard shipping containers to hold all that gold if each of those shipping containers were completely filled from back to front, bottom to top, with no air gaps.

Laid out end to end, those 149 standard shipping containers would be almost six-tenths of a mile in length. That’s just over one-third of the length of the 431.5 shipping containers that would hold all the gold representing the United States’ entire public debt outstanding.

Or should we in India allow "unlimited monetary expansion" - like the Japanese?





Let us now turn to India:

For the most part, India today is POORER than SUB-SAHARAN AFRICA - and this is made clear by this report on VVIP constituencies recently published in Mint.

As inflation rages, eroding private savings while rewarding borrowers, banks have just LOWERED the interest they will pay on DEPOSITS - and the State has simultaneously RAISED customs duties on gold and silver imports! This is the precise reason I called last year's Union Budget an act of "High Treason."

They are also making an "infusion" of Rs.15,000 crore into the State-owned banking system - which will add to inflation while also adding to "moral hazards" these "bureaucRAT-bankers" face, so they will take even greater risks in the future, knowing they will eventually be bailed out, as usual.

All this is the DESTRUCTION OF CAPITAL.

This is the Highway to the Hell of Decivilisation.

Inflation was raging in 2007 as well - which is when my column "Funny Money" was published in the Times of India. Here are my opening lines:

Inflation is not new. In my teens, Coca-Cola was 40 paise, a pack of Wills cost a buck and petrol sold at three rupees a litre. A beer was five bucks. 

This inflation has nothing to do with either the demand or the supply of the articles of everyday consumption. 

Rather, inflation is a disease that afflicts money, being but a gradual and continuous erosion of currency value. 

Since the government is the monopoly issuer of our money, we know who the culprit is. 

When I was in my teens, Pranab Mukherji was The Culprit - as India-is-Indira's Deficit Finance Minister - and he is PRESIDENT today!


And here are the closing lines of my column of 2009 advocating a "Return to the Gold Standard" published in Mint:

Any nation can unilaterally revert to the gold standard whenever it chooses. If we do so, our rupee, now pegged to gold, will always appreciate against the rest of the world’s fiat papers. This will help us become big importers. And cheap imports, including of capital goods and components, will make our manufactured exports competitive in terms of technology, quality and price. Our banks will attract the world’s savings, and we will possess capital, the vital ingredient of “capitalism”. All prices will steadily fall and the consumption of the poor will rise in leaps and bounds. This is the power of “sound money”.

I immediately followed this up with "The Case for Private Money."




 

The gandhian-luddite-socialist-welfarist-interventionist-inflationist overweening Indian State was NOT even designed to make India into a "developed country." They never ever thought of any "catch-up with the West." What is the charkha, after all? Is it "modern technology"?

This Luddite State that has served to PERPETUATE POVERTY actually TEACHES the victims of their Economics courses - especially their "Development Economics" - that poverty is inescapable: The Theory of the Vicious Circle of Poverty.

The Anglo-Saxons did not start off wealthy - nor did America.

But if we Indians THINK CORRECTLY TODAY - we can achieve precisely such a catch-up with the developed world. Because mass poverty like we have today - a billion or more very poor people - are actually a STRENGTH. They will struggle much harder than any pampered rich youth. In reality, the children of the rich rarely achieve anything more than the squandering away of their inheritance - achieved usually by an ancestor who started off dirt poor.

This Theory they teach is actually EVIL!




Civic independence - and Law. These are all that caused the spectacular rise of the English, in particular. 

And vigorous "self-help," of course. 

Including in education, which means "self-taught" people - like James Watt.

NOT WELFARISM!

Not étatism.

Incidentally, Samuel Smiles' Self-Help - in translation - fired the Japanese during their catch-up with the West.

My edition of this great book, with my foreword, is available from Liberty Institute. Sadly, it is not online - and I wonder why? It was published over a decade ago!

  



 

Let us now look at the Great Teacher of All The Children - manmohan - and all those who surround him, all central bakers like himself or IMF-types: Rangarajan, Montek, Raghuran Rajan.

Wanna continue with their EVIL SCHEMES?

An excellent example of how EXTREMELY STUPID such "multi-lateral lending agencies" are, here is a report dated today saying that the Asian Development Bank has advised a 50 per cent increase in taxes on cigarettes in India and China - as a means towards preventing 20 million deaths. Of course, they cannot ever "prevent death"; they can only hope to postpone it. But can they? After all, if cigarette smokers - who are all SERIOUS ADDICTS - can no longer afford these, they will surely switch to cheaper alternatives, like bidis. The bidi industry will expand, hire more workers, and the prices of bidis will rise as well - all this while the WAGES of these WORKERS will not increase much, since bidis are entirely "hand-rolled," and without MACHINES the wages of workers cannot rise. 

I also wonder whether deaths of bidi smokers might not occur even earlier - since bidis are surely unhealthier than cigarettes. 

Just open a bidi and compare what's inside it to what's inside a cigarette.

STUPID!

So, do read my "Labour, Love Thy Capital." 

Anyway, who are the "depositors" of ADB? They lend only to governments, anyway. How will "development" happen if governments borrow more and more - when even the USSA cannot pay back its mountain of debt?  

Doesn't "common sense" indicate that COPPER COINS would be best for the savings of the poor than whatever these people call "inclusive banking"?

Wouldn't you prefer NOT being INCLUDED yourself? Like the "freedom to choose media of exchange," and thus not being forced into accepting their funny money "legal tender" in all your trades?

Wouldn't YOU be happier is YOU are not forced into using their legal tender as a STORE OF VALUE?

Then, why not the poor, and the poorest among us?

This means we CANNOT trust this The State any more - and we never should have, anyway.


Ram Rajya be DAMNED - we need to THINK Magna Carta!

If you cannot trust their money, or their banks, you cannot trust anything about them.

We cannot trust in their EDUCATION, in their JUSTICE, and most certainly not in their CRIMINAL JUSTICE SYSTEM.

Torts can replace the cops - as I argued effectively some years ago, in this column.











As for their MISEDUCATION BY FORCE - it is designed to drive all the children INSANE.

NOTHING LESS!

What is manmohan? - but a bureucRAT-professor who serves as the Intellectual Bodyguard of the House of Nehru.

And Nehru was EVIL - while those who succeeded him were far worse.

  

This means there is no point voting, no point in "politics" of this "party" and "electoral" kind, that is, and no point in either upholding the Constitution, or even Constitutionalism.

Yes, it is precisely Constitutionalism that has failed the USSA - as Ron Paul has pointed out in his farewell address to their parliament: "Our Constitution, which was intended to limit government power and abuse, has failed," he declared.

No point attending school or college, either.




 

We need to now return to First Principles - like the fact that Property Arises From A Liberty, and is NOT a "political right."

We must then THINK of the Natural Order Under Private Law.

And of REPUBLICANISM - all along our 2500 mile long coastline first.

We must THINK like the Magna Carta - which gave Londoners the "liberty to trade by land and sea," and the Thames outside that old city then has been described as "a forest of ship-masts."

So THINK!