Greenspan's Epiphany Signals the End of Individualism
by Bobby Garner
October 30, 2008
Alan Greenspan's recent declaration that the ongoing financial crisis has exposed a "flaw" in his "free market ideology", was seized upon by socialists of all stripes as proof that Capitalism is fatally flawed and therefore, its chief defender Ayn Rand, is totally discredited. Greenspan says he is "in a state of shocked disbelief" because he "looked to the self-interest of lending institutions to protect shareholder's equity".
What Greenspan either failed to understand or willfully ignores, is the fact that his "free market ideology" is a corruption of the pure Capitalism promoted by his mentor Ayn Rand. There is no such thing as "self-interest of lending institutions". Rand based her Capitalist ideology on a solid foundation of "rational self interest" of the individual man. Greenspan like all socialists knows quiet well that "lending institutions" are lifeless artificial entities with no thought, feeling, or knowledge of any kind, and they cannot possibly conceive of something so abstract as "rational self interest". Rational self interest is the sole domain of the cognitive function of a single individual human mind.
Ayn Rand's ideology of Individualism holds that inalienable rights can apply only to individuals:
'"The inalienable Rights of Men are: Life, Liberty and the Pursuit of Happiness. The Right of Life means that Man cannot be deprived of his life for the benefit of another man nor of any number of other men. The Right of Liberty means Man's right to individual action, individual choice, individual initiative, and individual property. Without the right to private property no independent action is possible. The Right to the Pursuit of Happiness means man's right to live for himself, to choose what constitutes his own private, personal, individual happiness, and to work for its achievement so long as he respects the same right in others. It means that Man cannot be forced to devote his life to the happiness of another man nor of any number of other men. It means that the collective cannot decide what is to be the purpose of a man's existence nor prescribe his choice of happiness." — Textbook of Americanism.
Reverse engineering this economic collapse reveals the real causes, and proves to the rational mind that it was intentional. Nothing can be proven to an irrational mind, because its ability to think clearly has been subverted to a predefined outcome. It has been brainwashed, programmed, deceived and has become complicit in the crime. Alan Greenspan could not possibly be so ignorant of Ayn Rand's ideology as to really believe that institutions are capable of self interest. His ignorance of the necessary function of individualism, and his perversion of self interest, is not delusional. Nor is it an accident of oversight, and he is not in "shocked disbelief". It was deliberately calculated to achieve precisely what is being achieved (as evident in the media spin), which is to totally discredit Capitalism and along with it, "rational self interest" and individualism.
Former Federal Reserve chairman Alan Greenspan, is said to be the "guru of deregulation", but this is an Orwellian contradiction where deregulation actually means regulation. Federal regulation of banking and finance came in through the back door disguised as a United Nations mandated and government decreed "right to affordable housing". This is representative of the New Age attempt to over rule and replace our natural, and Constitutionally guaranteed, God given rights. Such government imposed rights are obviously not equally applied, nor can they be. They are discriminatory and place the burden on those tax payers who do not qualify for the right because they are able to provide for themselves. These rights are therefore, socialistic by their very nature, designed for an equalizing effect toward a post Marxist classless society based on the Communitarian Philosophy.
In Bogus Rights, Walter Williams wrote "The way our Constitution's framers used the term, a right is something that exists simultaneously among people and imposes no obligation on another. ... The only way Congress can give one American something is to first, through the use of intimidation, threats and coercion, take it from another American. So-called rights to medical care, food and decent housing impose an obligation on some other American who, through the tax code, must be denied his right to his earnings."
The foremost champion of individual rights, Ayn Rand, defines it very well in item 4 of Textbook of Americanism: "A right is the sanction of independent action. A right is that which can be exercised without anyone's permission. If you exist only because society permits you to exist—you have no right to your own life. A permission can be revoked at any time. If, before undertaking some action, you must obtain the permission of society—you are not free, whether such permission is granted to you or not. Only a slave acts on permission. A permission is not a right. Do not make the mistake, at this point, of thinking that a worker is a slave and that he holds his job by his employer's permission. He does not hold it by permission—but by contract, that is, by a voluntary mutual agreement. A worker can quit his job. A slave cannot."
A direct attack on individualism by the 1960's counter-culture would never have succeeded, but by first creating a corrupt Capitalism and then crashing it thereby destroying the concept of individualism along with it, the way is now cleared for the Communitarian Agenda to proceed. It took 50 years to do it, but the era of unfettered rational individual self interest has now been officially declared dead by direct government ownership of banking and finance, by which the means of production is efficiently controlled through complicit corporations acting as effective extensions of government as Non-Government Organizations (NGO's) and Public Private Partnerships (PPP's). This is the combination of Communism and Capitalism known as Fascism, a form of government completely contrary to our constitution, but it is here and now evident.
At the heart of the problem is the New Age philosophy of living in the moment of "the now". This mind set is pervasive throughout society, in government and among banking and financial executives. It illustrates a mass insanity consistent with the requirements of The Plan for world domination of a clueless and helpless society. Its exemplified in United Nations programs, government bureaucratic eagerness to adopt them, by legal coercion of corporate executives into compliance, and the willingness of the working class to take the path of least resistance and look upon government sponsored programs for their welfare rather than shoulder the responsibilities of rational self interest and self sufficiency.
Henry Lamb writes:
"During the Carter years, the United States became a party to the International Convention on Economic, Social and Cultural Rights (October 5, 1977). Article 11 (1) of this treaty declares that “everyone” has a right to, among other things, housing. This is the same year that the Carter administration pushed through Congress the Community Reinvestment Act, designed to increase housing for low-income people. This new law required banks to report the number and value of loans issued to low-income people, and also gave community organizations (such as ACORN) the right to “comment” on proposed bank mergers and expansions. This gave these organizations leverage against banks that failed to issue enough loans to low-income borrowers." — The Obama-Ayers-ACORN-Bailout connection
This proves beyond a reasonable doubt that bankers forced to make bad loans guaranteed by the government, with oversight by advocacy groups was designed to fail. Will a bank executive try to make such a perversion work, or will he extract as much as possible for himself and drive the corrupt system into the ground?
We have the answer.
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Research Resources:
"Coudenhove’s vision for Europe was of a vast feudal fiefdom, where a small group of Money Aristocrats ruled a population of Serfs through a plutocratic {plutocratic = rule or power through wealth} false democratism which we see today holds thrall over the whole of the continent. His vision was shared, funded and sponsored by the `bloodline` and moneyed families of both Europe (Rothschild’s) and the USA(Rockefellers). In fact, since the end of WWII, the major dynamic behind the Federalist vision has come not from the European side, but from the Eastern Seaboard `establishment` families such as the Rockefellers, Harrimans, Morgan’s, Dulles’ and Bush’s." — The EU Communitarian Agenda and The New Feudalists
"The Community Reinvestment Act (CRA), enacted by Congress in 1977 (12 U.S.C. 2901) and implemented by Regulations 12 CFR parts 25, 228, 345, and 563e, is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate." — Community Reinvestment Act
"The closest the United States has come to a right to adequate housing may have been in the 1949 Housing Act, which called for `the realization as soon as feasible of a decent home and suitable living environment for every American family. ... The 1948 United Nations Declaration on Human Rights, while not legally binding, calls for a right to adequate housing. The United States signed the declaration and has signed and ratified the International Covenant on Civil and Political Rights. While the covenant does not explicitly set out a right to adequate housing, it does contain rights relevant to it.'" — Housing as a Human Right
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"It is also confusing for another reason. If you have a right to affordable housing, then presumably I have an obligation to supply it to you. If you have a right to reasonably priced medical care, then I have a duty to make such care available to you. This approach to rights appears to divide society into demanders with entitlements on the one side and suppliers with unchosen obligations on the other. But such an approach to rights appears incompatible with traditional notions of liberty and justice in America." — The Confusion over Rights
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"It was an about-face for Mr. Greenspan, a diehard supporter of deregulation. He was a close friend of Ayn Rand, the most notable of libertarians who champion the individual over the state. Yesterday, he threw her theories under the bus, but it was no shock to Ms. Rand's followers.
"It doesn't surprise me at all. I think that Greenspan strayed from Rand's philosophy probably 28 years ago, at least since 1980," said Yaron Brook, president of the Ayn Rand Institute, referring to the election year of Ronald Reagan, whom Mr. Greenspan advised. Since then, Mr. Greenspan's policies have favoured interventionism, Mr. Brook said. Those include keeping interest rates too low in 2002, and working in a government that encourages home buying instead of leaving it to banks and consumers." — Greenspan's Final Break From Rand
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"In America, it is the twilight of the oracles.
"A national icon, former Federal Reserve chair Alan Greenspan, the guru of deregulation, was forced to acknowledge to Congress this week that he "made a mistake" trusting financial institutions to regulate themselves. He was "shocked" when "free markets did break down," triggering a global crisis. He and his team just weren't "smart enough" to see it coming. He looked like a shaken man.
"Meanwhile the world's bankers, lining up for a $3 trillion handout, mocked another voice of laissez-faire capitalism: the late libertarian Ayn Rand, author of Atlas Shrugged (1957). Rand impressed Greenspan with views such as this: "The only way a government can be of service to national prosperity is by keeping its hands off." Today, that counsel of neglect is a cruel joke to millions losing jobs and homes." — Twilight of the Oracles
Bobby Garner is a researcher on the phenomenon of One-Worldism with an emphasis on the methods and techniques employed in it's attendant deception. He may be reached via E-mail from his Website at www.congregator.net. He welcomes your comments. This article may be posted in it's entirety on any website provided this statement remains attached.
