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Fred Reed: What Have the Bastards Done to My Country?

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December 07, 2008 – Comments (1)

CAUTION: THIS POST IS NOT ABOUT STOCKS. 

It is about something more important, to me anyways....

Fred Reed writes like no one else. A former Marine, who lost an eye in Vietnam, a World Traveler, former DC police reporter, Mexico living ex-pat etc....

What Have the Bastards Done to My Country?

http://fredoneverything.net/Bastards.shtml

1 Comments – Post Your Own

#1) On December 08, 2008 at 6:37 AM, angusthermopylae (39.54) wrote:

One could argue that it is about stocks, in a way.

I'm hoping russiangambit will pipe in, but I recall lots of opinion back "in the day," where  people touted how Wester, free societies were so much better than their Cold War communist counterparts because the "free" countries were faster, more flexible, and more adaptable.

The argument (which I tend to agree with) was that the omnipresent weight of control and surveillance was constant drag on the quality and quantity of a country's strength and ability; it sucked the strength out of the society's operations, distracted its citizens, and stiffled innovation (instead of asking "Is this possible?" people would be fearful, asking "Will this get us into trouble?"

Math and mechaics aside, the stock market is about the attitude and enthusiasm of a society.  Security theater and society-wide fear, apathy, and depression (not the economic one, but the personal one) can sap the strength of the market just as badly as a major earthquake or bankruptcy or hurricane.

In fact, I would argue that it's much worse.  With disasters and bankruptcies, you can see the problem.   But how do you undeniably quantify the poisoning of living in a surveillance society?  How do you argue against "But we might catch someone before they do something bad?"

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