Tonight’s documentary Britain’s Trillion Pound Horror Story was a real eye opener. I knew most of the economic points it made in advance, but having them laid out so simply and clearly was shocking even for me. Still, the context in which the show was broadcast makes me awestruck and angry.
We, as an involuntarily associated collective, owe each other and the Chinese enough money to reach into space if printed on £50 notes. Simply throwing it out of the window would take 3000 years. Adults have borrowed from children and children are borrowing from the unborn and from their own future earnings. The student who climbed to the top of Millbank Tower this week in order to attempt the murder of a policeman was doing so in order that he be allowed to steal his own salary and his neighbors’ salary for the rest of his life and the salary of his children for most of their lives as well. He was willing to kill at random rather than pay his own way as he goes.
Anyone who accuses a pro-liberty pro-market capitalist of being “nasty” this week is, to put it kindly, missing something.
How does this relate to the Libertarian Party? Only the Libertarian Party will abolish taxes on labour by ending income taxes and reducing state spending to year 2000 levels. Only libertarian politics and libertarian philosophies have clearly identified both do-gooding non-jobs and corporate welfare as essentially immoral. We would set the bankers free to fail, and cheer as we watch them succeed.
Only the Libertarian Party understands that by getting out the way, and then leaving people alone we’d all be a good deal better off.
About £77,000 better off, in fact.
The Libertarian Party Manifesto can be found here.