The Service Economy

by | Oct 29, 2015

Something clicked for me as I stared out my hotel window at a train station and seeing other public mass transportation moving on the street.

I have visited and spent weeks at a time in Europe. On this recent trip however, something clicked for me as I stared out my hotel window at a train station and seeing other public mass transportation moving on the street. In Europe, I think that most people don’t have cars because they’re too expensive.

Then a friend in Vienna said 90% of the people get at least some welfare. I don’t know if this number is accurate, but the reality is surely very high. It’s socialism to a degree that is almost all-pervasive. My American friends should be aware: we are not even close to this (yet).

Europeans are aware that their administered economy isn’t vibrant or dynamic. They know it’s nothing like the US economy used to be, or even the way it is now.

And they’re OK with that.

It’s but a small price to pay, they think, to achieve the goal of everyone being taken care of. The planners of course enjoy the power over people’s lives, not to mention the endless opportunities for graft. The people, well, they are freed from responsibility to worry about the future. It’s all taken care of.

And then it hit me. What is the ideal for these people (not all Europeans, but the ones who love this system)?

They want a world in which the government services them. The government is supposed to feed, water, clothe, shelter, doctor, and move the people where they need to be.

It’s a view of man like livestock.

 

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Keither Weiner is the founder of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of precious metals fund manager Monetary Metals. He created DiamondWare, a technology company which he sold to Nortel Networks in 2008. He writes about money, credit and gold. Visit his site at monetary-metals.com

The views expressed above represent those of the author and do not necessarily represent the views of the editors and publishers of Capitalism Magazine. Capitalism Magazine sometimes publishes articles we disagree with because we think the article provides information, or a contrasting point of view, that may be of value to our readers.

5 Comments

  1. This is the fundamental fight between positive and negative liberty. I’ve always found it strange that a continent that has experienced total devastation twice do to government wants more government.

  2. Man qua livestock.

  3. H.G. Wells named the Eloi.

  4. And we all know the ultimate fate of–indeed, the purpose for–livestock.

    How long before such distopias begin literally to feed the rich to the starving? Implausible? Crazy? H.G. didn’t think so; but he got it backward, with the so called alpha capitalist industrialists eating the poor beta Hippie parasites.

  5. You are persuasive, however, the purpose of government is to help people who can’t help themselves. I think you are saying that the vast majority could help themselves, but they have outsourced a lot of that responsibility to the government. I think that the highest responsibility of government is to help the sick, the halt, the lame, the blind, the orphans, etc.

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