Even if someone is not astute enough to understand how the government exacerbated the business cycle; a quick examination of college costs reveals the destructive force of government intervention. For example, since the creation of the Department of Education, college education in both public and private has increased six fold. In the decade before the creation of the Department of Education there was hardly any cost increase in education at all. However with the introduction of government grants for college education, colleges saw the opportunity to make money off of the cheap influx of money into the system. Education is a golden calf, unable to stomach criticism by any politicians. And as Pell Grants increased from $122 million in 1973 to $11.3 billion in 2003, colleges like Duke University saw their tuition increase from $2,000 a year in 1970 to $40,575 in 2010. This is double the rate that tuition costs increased in the three decades before 1970.
This is what is feeble about the “Occupy” movement’s thinking, they very clearly have grievances; grievances many Americans can sympathize with. Their approach to solutions on the other hand is completely ass-backwards. They stand shoulder to shoulder with the President demanding he support class warfare and demand the government create jobs.
They can’t seem to comprehend President Obama has already supported class warfare, but he’s on the side of “1%”. Obama has gone to fundraising dinners where donors gave up to $38,000 per person. President Obama has practiced class warfare in support of big business. He has supported new repressive regulations that stifle growth, competition, capital and ideas in industries. Corporatism, the religion of American politics today; is supported by the very rich and have made monopolies of the top 1%. None of that could have been accomplished without the heavy hand of the government.
In response to the movement’s demand for government creation of jobs. The government doesn't create jobs, it creates dependents. People buy into the premise that the government can lift them from their plight. So they vote for a political party and politicians who support bigger government when in fact the political parties and politicians have an agenda to keep the poverty because it has created a voting base to keep them in power. And for every dollar the government uses in the public sector is money taken out of the private sector. It is the invisible hand of government into the market that diverts resources from the private sector that actually creates wealth.
If the “Occupy” movement is fully supporting more regulation, let’s regulate the government. If the government would get out of the way and give capitalism a chance it would work. If the “Occupy” movement wants a more a better economy, they might consider giving freedom a chance.
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