From “Robocop” to “Wall-E” to the new TV drama “Fringe,” the science fiction genre loves scaring people with dystopian visions of a gullible world dominated by greedy corporations. The theme repeats itself over and over because it’s a win-win situation: moviegoers get a chance to pretend they’re fighting the Man, while the Man collects their money. These David and Goliath stories tap into our basic instincts of fear, insecurity, jealousy, pride, survival, and compassion.
As it turns out, however, the writers may need to go back to the drawing board, because the doom-and-gloom futurists have got the story backward. Oh, there’s still plenty of doom and gloom, but the evil corporations are not swallowing up government. Instead, the government is slowly, methodically, and with sweet words of mercy, swallowing up free enterprise. And it is happening with the full support of corporate executives, who would love nothing better than to enjoy the job security of adoption into the state.
Yes, our nation’s financial crisis is scaring us into surrendering more freedoms, by letting Congress transform Wall Street into a welfare state for the rich. Whether or not you believe that Bush’s big fat bailout bill is necessary, the implications for the future are grim. Rather than taking from the rich and giving to the poor, we are taking from the middle class and giving their earnings to greedy, incompetent millionaires, thus enabling their bad behavior and keeping unprofitable companies in power.
It is certainly true that big business benefits many people – in this case, the middle class workers who have invested in the stock market for their retirement. But this view is short-sighted. In capitalism, even the biggest corporations of all, if they are bad businesses, must be allowed to die, so that more profitable and better managed corporations can take their place and benefit the whole economy. By artificially keeping the big boys in power, we are not solving the problem but extending it into the generations to come.
Even more frightening is what this bailout will mean for the role of government. The Supreme Court has held that when the federal government gives money to something, it has the right to regulate that thing. By investing in these failing businesses, the government is eroding the private sector and increasing its own power and authority. It is buying us out, and we are running with arms wide open to our destruction. Before we realize what we’ve done, our Constitutional rights will have withered away, as they always do wither when a thing is deemed “public” rather than private. The interests of legislators and CEOs will become inextricably intertwined, and success will be monopolized by those who rub shoulders with the feds.
Make no mistake. This is not capitalism. This is fascism—a marriage of big government and big business, with government as the undisputed senior partner. I fear that one day we will regret having turned a blind eye when the United States of America embraced a command economy. If the bailout is necessary to the survival of our economy (and I don’t believe it is), then the situation is far worse than even the doomsayers imgine.