When you look at the various policies that have contributed to America’s current crisis, it’s evident that a series of bipartisan, popular-with-elites, and thoroughly short-sighted policies have done much to bring us to where we are. These policies are largely sacrosanct, particularly among elites, in spite of where we find ourselves as a country. These include the following:
- Free trade orthodoxy that eschews any “industrial policy” and has sent a great number of American jobs and much of America’s manufacturing capacity to the Third World, particularly China.
- A related lack of criticism of our low wage, high consumption economic regime. Americans’ wages have stagnated and credit–including housing based credit and refinance loans–did much to mask that wealth and wage decline over the last 15 years.
- Support for multiculturalism, diversity, and mass immigration, which has left America disunited, with a lower wage and lower IQ workforce, and problems of Third World violence and terrorist acts that were formerly unknown to America.
- A belief that home ownership is something attainable for all and that public policy should support the housing sector with various subsidies for the uncreditworthy.
- A belief that a college degree is something attainable for all and that it should be subsidized by government grants and loans, which has left many Americans with worthless pseudo-degrees in subjects like “packaging” or “communications” along with mountains of (nondischargable) debt.
- Indifference to unsustainable government pensions, transfer payments and welfare policies, including Medicare and Social Security, which will be insolvent in short order and will ultimately bankrupt the country.
- Indifference to high rates of illegitimacy, which is subsidized by various government policies like Section 8 housing vouchers, food stamps, AFDC, and the like.
- Support for global crusading, interventionism, and other activities that cost a great deal of money, employ our military in thankless and impossible ventures like Iraq and Kosovo, and that create enemies with long memories, while winning us few friends.
The thread that unites these phenomena to me is that they are all mutually enforcing, rooted in cosmopolitanism and sentimentality, and all are far from being solved. Indeed, some of these problems are being made worse, as in the ram-through of Obamacare. Elites have offshored jobs and imported cheap labor, which has pushed down wages and reduced productivity-per-worker, as well as the mean IQ, which in turn is masked by easy credit, worthless degrees, welfare policies, deficit spending, and denial regarding America’s various fiscal crises. The foreign policy problem is mostly sui generis, except insofar as our elites believe so highly in themselves and consider the interests of random Third Worlders equally valuable as those of their countrymen.
In all of these areas, the elites have dissipated the country’s wealth, especially its human capital. Whether Republican or Democrat, anyone who believes these things does not deserve to govern.