The chief business of America….

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The chief business of the American People is Business.  They are profoundly concerned with buying, selling, investing and prospering in the world.  —  Calvin Coolidge 1925

Well?  Is it true or isn’t it?  America created history’s greatest mercantile empire.  We believe in Capitalism so much its nearly a self-destructive religion.  But in light of recent events, one wonders if that’s really what we believe in at all.  Particularly Republicans.  The hue and cry in the name of Capitalism, the flocking to shrines to Reagan and Ayn Rand those patron saints of Capitalism, would all give one false hope that Republicans have anything at all to do with the philosophy.  Yet, time and again, they act against it.  One wonders if they do not understand, or if they do not believe.

If they believe in the power of capitalism to reshape a society to bring prosperity, then why do they resist using capitalism in just that capacity?  All around the world in our bloody history, we have fought wars, embargoed nations, in order to bend them to our will.  Why?  If our ideals are so powerful will they not naturally dominate those other cultures?  More importantly, why do you care?  Cuba has an autocratic brutal dictatorship.  So?  It’s not our problem.  What can we do about it?  We can invade overthrow the government and institute a puppet state, because that’s worked really well for us.  We could embargo the Cubans because after 53 years they’re sure to crack any day.  We could throw a giant hissy fit which will get Republicans re-elected but it serves no one’s interest.  For political and social conditions to change in Cuba, it’ll have to be Cubans who will do it.  The US can do nothing in this regard.

So, let’s use the one thing we’re really good at.  Making money.  Maybe normalizing relations and opening trade between our two countries will bring about modernization and moderation.  Maybe it won’t but at the end of the day you have to have a fundamental respect for the choices people make.  You could argue that socialism and communism is doomed to failure.  Again I ask, So?  Again, not our problem.  Ideally you’d want other countries to be as prosperous as socialism will let them to be, because a prosperous country is a better trading partner.  It doesn’t matter if their socialist.  A complete non sequitur.  If it works for them, great! if it doesn’t, we’ll be there with IMF loans, fiscal policy reforms, and foreign investments to help get them back on track.

I believe in Capitalism.  I truly do.  I see communist countries adopting capitalist reforms and trying to modernize.  And it works.  Growth and prosperity have transformed places like Vietnam and China and the transformation is on going.  Even if it is a slow painful process.  That’s fine with me.  I’m not in a place to dictate to another country what the pace of their progress should be.  But this cold war era mentality was toxic.  It was toxic for 50 years.  That’s why they called it a war.

The business of America is business.  We shall not fight useless battles toward unprofitable ends.  Normalize relations with everyone who will talk to us. Remember, consent of the governed is not a right given to a people, they already have it.  It’s natural law.  We are not to govern them, and their own tyrants do so at their peril. Let’s put our faith in the power of ideas, and the resolution of the people to govern themselves.

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