Chavez What Planet Is He On - Road to the Middle Class

YOU HAVE to wonder. After a century of socialism, thug dictators are still extolling its virtues. As reported by Theresa Bradley and Alex Kennedy, socialism is going to be the salvation of the country.

"Building Venezuela's way to socialism, that's the only way to redemption and salvation of our country," Chavez, 52, said in his inaugural address to the National Assembly this morning in Caracas.

Oh yeah? reported by Juan Forero the financial markets had other ideas.

Financial markets from Buenos Aires to Caracas reeled on Tuesday following Venezuelan President Hugo Chavez's announcement that he plans to nationalize some private companies

Well, we know what is going on. Chavez is a populist. He appeals to voters in Venezuela who think that they are poor because others are rich. Whatever Chavez really thinks about the path to prosperity, he isn't going to look a gift horse in the mouth. If he can get away with assembling all the power in Venezuela into his own hands, why not? It didn't do Fidel Castro any harm, after all.

Or maybe the ideas of Douglas North, the rational expectations guru, apply. Reported by Arnold Kling, North and his collaborators claim that the natural order of political power is a "limited access" order.

Limited-access orders are societies that provide meaningful political and economic rights only to narrow elites... [North] argue[s] that limited-access orders are the "natural state:" they are stable, they resist economic progress, and they only rarely make the transition to open-access orders.

Maybe a limited-access order is better than disorder. But in the twentieth century many of these limited-access orders went straight down the toilet.

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Christopher Chantrill blogs at www.roadtothemiddleclass.com. His Road to the Middle Class is forthcoming.

TAGS

Action

The incentive that impels a man to act is always some uneasiness... But to make a man act [he must have] the expectation that purposeful behavior has the power to remove or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action

Chappies

“But I saw a man yesterday who knows a fellow who had it from a chappie that said that Urquhart had been dipping himself a bit recklessly off the deep end.” —Freddy Arbuthnot
Dorothy L. Sayers, Strong Poison

China and Christianity

At first, we thought [the power of the West] was because you had more powerful guns than we had. Then we thought it was because you had the best political system. Next we focused on your economic system. But in the past twenty years, we have realized that the heart of your culture is your religion: Christianity.
David Aikman, Jesus in Beijing

Churches

[In the] higher Christian churches� they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm

Civil Society

“Civil Society”—a complex welter of intermediate institutions, including businesses, voluntary associations, educational institutions, clubs, unions, media, charities, and churches—builds, in turn, on the family, the primary instrument by which people are socialized into their culture and given the skills that allow them to live in broader society and through which the values and knowledge of that society are transmitted across the generations.
Francis Fukuyama, Trust

Class War

In England there were always two sharply opposed middle classes, the academic middle class and the commercial middle class. In the nineteenth century, the academic middle class won the battle for power and status... Then came the triumph of Margaret Thatcher... The academics lost their power and prestige and... have been gloomy ever since.
Freeman Dyson, “The Scientist as Rebel”

Conservatism

Conservatism is the philosophy of society. Its ethic is fraternity and its characteristic is authority — the non-coercive social persuasion which operates in a family or a community. It says ‘we should...’.
Danny Kruger, On Fraternity

Conservatism's Holy Grail

What distinguishes true Conservatism from the rest, and from the Blair project, is the belief in more personal freedom and more market freedom, along with less state intervention... The true Third Way is the Holy Grail of Tory politics today - compassion and community without compulsion.
Minette Marrin, The Daily Telegraph

Conversion

“When we received Christ,” Phil added, “all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.”
James M. Ault, Jr., Spirit and Flesh

Democratic Capitalism

I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all. In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism

Drang nach Osten

There was nothing new about the Frankish drive to the east... [let] us recall that the continuance of their rule depended upon regular, successful, predatory warfare.
Richard Fletcher, The Barbarian Conversion

Education

“We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.”
E. G. West, Education and the State

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