Archive for February, 2013

Government intervention always wills the good and works the bad.

By Con George-Kotzabasis

The European Union’s sovereign debt crisis was neither an act of fate nor an act of a free self-dependent man but an act of deluded ideology whose sails were blown by the long-lasting winds of government dirigisme, i.e., intervention, and welfare dependency. Once again it was the work, the social engineering, of the bien pensants in the form of a state directory of planning that would put a floor of security for the masses and protect them from falling into abject economic privation that was always, according to their thinking, the omnipresent and inevitable result of the unjust, harsh, and unequal regime of the capitalist competitive free market. The trouble was that this floor was made out of straw and at the first jump of an economic crisis–whose seeds were planted by government intervention,  loose monetary policy and low interest rates–would open a gaping hole through which this security would disappear and drown in a massive pool of unemployment and poverty.

The Eurozone’s one dimensional foundation of monetary union without banking and fiscal union could not sustain the European edifice in the long run with the differentiating regime of taxes, social benefits, and pensions that existed among its constituent states. The proliferation and prodigality of unsustainable Entitlement Economies, which have been the characteristics of the welfare states of Europe especially in the south, could not have been continued without cracking the economic underpinnings of the Eurozone. Also, the European Central Bank’s enabling of low risk premiums on interest rates of government debt, encouraged Greece, Portugal, Spain, Italy, and Ireland to go on an orgy of borrowing and overspending. The inevitable outcome was a stampede of budget deficits that were unsustainable and the eventual loss of all credibility in the financial markets that the afflicted States would be able to pay back their debts and thus the shutting out of the latter from the global financial lending pool.

Since no private person would hazard to lend money to states lassoed in sovereign debt the only alternative left was for the richest countries in the Eurozone, such as Germany, to become the lenders and continue to finance the former for their economic survival. But such help would be given under very severe terms encapsulated in strict Memoranda to the receiving countries with the stipulation that the latter would adopt and implement stringent austerity measures that would decrease substantially government expenditure, would restructure and reform their economies making them more competitive, and privatizing public enterprises, whose inefficiency and lack of a diligent working ethos can only be sustained by a continuous expensive staple of government subsidies.

These austerity measures, however, whose formulators have been the European Commission, the European Central Bank, and the International Monetary Fund, the so called Troika, are forcefully rejected by the people of those countries who for decades have been inured to the social and economic comforts and benefits engendered by the reckless spending of their governments, and are refusing to accept any cuts to these benefits even when some are aware that the latter can no longer be provided since the governments’ coffers are empty and the convenience of funding these benefits by borrowing, as they have done in the past, is no longer available due to their nation’s sovereign debt. Moreover, these austerity measures initially had not being complemented with policies of economic development and thus led to the worsening of the economic conditions of those countries that adopted them, such as Greece, leading to unprecedented massive unemployment by the closure of large and small business enterprises and to the smashing of the middle class which is the cornerstone of free societies.

This situation is dangerously engendering the fragmentation of social cohesion in those countries and giving rise to political parties of the extreme right and left, coming out of the foam of waves of violent demonstrations that imminently threaten democracy. A latest illustration of this danger are the attacks by petrol bombs and other incendiary devices by hooded youths of anarchists and extreme leftists in Greece against the homes of outspoken journalists, offices of the governing coalition of New Democracy, Pasok, and the Democratic Left, and the burning of Bank’s ATMs. And of particular significance are the attacks on journalists, which are a blatant violation of free speech and a sinister attempt to intimidate them from expressing their opinion about events and criticizing politicians of Syriza, the official opposition, of whom obviously the fire carrying mobs are its ardent supporters.

This will be the tragic legacy of European big government and its ill-considered, indeed, destructive intervention in the processes of the free market that for at least two centuries have delivered prosperity and an unprecedented increase in the standard of living of the masses; as the socialist politicians from Francois Mitterand to Jaques Delors–the architects and enforcers of the European Monetary Union that forced Germany to succumb and pay the price of the unity of west and east Germany as demanded by France–and their present disciples of etatisme are in the process of killing the goose that laid the golden egg, i.e., the unimpeded free market, and by doing so unconsciously and unwillingly are generating and  unleashing the brutal forces of fascism and leftist directorates of totalitarianism on the landscape of Europe.

To avoid this slide to the hell of totalitarianism only the rise of statesmen who “can act beneath heaven as if they were placed above it” is consummated. The fiscal and balance of payments crisis can only be remedied by substantial cuts in government spending and the euthanasia of big government, and by the privatization of debt ridden public enterprises–that are the last strongholds of obtuse and doctrinaire unions– and by the freeing of private enterprise to pursue profit by competition and entrepreneurial creativity and dynamism, respectively. These ‘bitter’ remedies can only be administered by statesmen of the calibre of Lee Kuan Yew and Antonis Samaras. The latter, indeed, might not only be the progenitor of the Greek Renaissance but also the paradigmatic leader of other European politicians to imitate for their own European Renaissance. The Newtonian apple that will stop the European ‘discord’ that currently threatens the demise of the EU will fall to the gravitational force of such statesmanship.

Hic Rhodus hic salta

By Con George-Kotzabasis

I’m republishing this article written on July 2005 and published originally on my blog Nemesis as a result of a report of the Australian today that all five of the arrested would-be terrorists were regular prayers at the Preston Mosque in Melbourne where the Mufti of Australasia Sheikh Fehmi Naji el-Imam presides. Also as a result  of the violent Islamist demonstration in Sydney  on the pretext  that a video made in the USA by a Coptic Christian insulted  their prophet Mohammed. In this demonstration Muslim children between the ages of four and eight  were carrying placards that demanded the beheading of infidels.

It’s about time that Australia lost its innocence, so it will not fall a victim to the cunning, deceitful, and sinister foe of Muslim fanatics who are in our midst. As I’ve been writing since September 11, a terrorist attack by the enemy within the metropolises of Western civilization was always on the cards, as the bombings in Madrid and London have exemplified. Insightful and responsible governments must no longer shilly-shally about what is to be done, against this imminent internal threat of holocaustian dimensions that is embedded in the West.

The Government must immediately pass emergency legislation (even retrospective legislation) that would enable it, either to deport or jail fundamentalist imams, and all their suspect fanatical recruits. One must have no illusions. All bearded Muslims are potential terrorists. It’s the “emblem” by which they proudly display and flaunt their belief in fundamentalist Islam– such as Sheik Mohammed Omran from the Brunswick mosque who propagates openly or by stealthy means the ideology of fanaticism among his ten thousands followers, and praises the acts of terror as being fully justified against the infidels of the West and their governments that are fighting terrorism in Iraq and Afghanistan. Moreover, to prevent, and nip in the bud, any possible backlash that could arise among Muslim communities in support of these imams, such legislation should encompass that anyone who supports these imams, would also be liable for deportation.

Furthermore, this emergency legislation should eschew the intricacies and procrastinations that are involved in legal due process, so it could deport these imams and their recruits post haste. Additionally, the Government should immediately cease all funding to Muslim schools, unless the latter introduced in their curricula a no-leaks-assimilation to the mainstream culture of Australia, where the families of the children who attend these schools have freely chosen to settle in. Under no circumstances should these schools and mosques continue to nourish themselves on the teat of government largesse in the name of multiculturalism. The majority of Muslims do not believe in multiculturalism, as they are inveterate monoculturalists believing that their culture is superior to any other culture, and they sneeringly laugh behind the back of multiculturalism while they use the latter for their own sinister purposes. It’s timely that the Government put an end to this joke that is played upon Australians, by abandoning the disastrous policy of multiculturalism, to paraphrase John Stone. Even the most fervent supporters of multiculturalism in Europe, especially in the Netherlands after the murder of the film-maker van Gogh by a Muslim fanatic, are presently considering its abandonment.

Australia presently, is involved with its allies in a total war against global terror. Total war by definition is an unconditional, no holds barred war not only against a mortal enemy, but also against all the allies and supporters of the latter, such as the regime of Saddam Hussein was. Nations which profess to be involved in a total war, such as the U.S.A and its allies claim to be against global terror, cannot avoid from exercising the imperative and remorseless demands of such a war against their enemies. No nation can claim that it’s fighting a total war against an enemy whilst leaving a lethal fifth column among its midst. And no nation can claim that -by an even astronomical increase in the resources of security against terror – it can effectively protect its citizens from a terrorist attack, without at the same time destroying and uprooting the source of terror, the madrassas – wherever they happen to be in the East or in the West – which breed these fanatic recruits of terror.

As I’ve written in my book titled, “Unveiling the War against Terror: Fight Right War or Lose the Right to Exist”, the times are not for irresolute and Hamletinesque leaderships. Historians will aver that George Bush, Tony Blair, and John Howard, by their limpid awareness of what is at stake in this war against global terror, and by taking the firm and remorseless measures against this mortal foe, have entered the club of statesmen. In this historic clash between Western civilization and the terrorist barbarians, this triumvirate of statesmanship must now deal ruthlessly and remorselessly, by taking and exercising ‘the stern laws of necessity’, to quote the great historian Edward Gibbon, against the enemy, that lurks like a poisonous snake, within the gates of civilization.

CARPE DIEM QUAM MINIMUM CREDULA POSTERO