Shawn Akers writes in Townhall:

            Whatever else may be said, Mr. Obama’s personality cult campaign has been an unmitigated success, creating, almost ex nihilo, a “beloved leader” out of a largely inexperienced and unknown man, void of business, executive, and foreign policy credentials.  This fact alone is cause for substantial concern, but, unfortunately for the American people, what has been true of the form of the Obama campaign is now materializing in its function as individuals cloaked in the appearance of state authority seek to silence dissent and indoctrinate the masses.

            The largest portion of the media has progressed in its leftist agenda so overtly in the current presidential race that we are hardly surprised when television news “anchors” swoon at the very mention of Barak Obama while taking every opportunity to belittle Governor Sara Palin, feigning objectivity and savoring superiority all the while.  Such private sector propaganda is so common it is almost passé.  What is far more troubling is when individuals holding powerful and intimidating public posts – police officers and prosecutors, individuals who, by the very power of their offices, can strip citizens of their liberty – use their positions to intimidate anyone who dares speak against Mr. Obama.  When Missouri prosecutor Bob McCulloch takes to the air waves, placing the public on notice that he is a member of Mr. Obama’s “truth squad” and that he and other Missouri prosecutors and law enforcement officials plan to “respond immediately” to any critical speech concerning Mr. Obama that “might violate Missouri ethics laws,” the message, with all of its implications, is crystal clear – “speak out against our beloved leader and all the fury of the state will fall on you.”   

 Thomas Lifson reveals in The American Thinker:

Another piece in the puzzle of Barack Obama has been revealed, greatly strengthening the picture of a man groomed by an older generation of radical leftists for insertion into the American political process, trading on good looks, brains, educational pedigree, and the desire of the vast majority of the voting public to right the historical racial wrongs of the land.

The New Party was a radical left organization, established in 1992, to amalgamate far left groups and push the United States into socialism by forcing the Democratic Party to the left. It was an attempt to regroup the forces on the left in a new strategy to take power, burrowing from within. The party only lasted until 1998, when its strategy of "fusion" failed to withstand a Supreme Court ruling. But dissolving the party didn’t stop the membership, including Barack Obama, from continuing to move the Democrats leftward with spectacular success. 

 Britain has been hit by economic crisis from the same causes as the US. The world’s anti-free-marketeers, Communists, Socialists, European haters of the Anglo-Saxon world, and a multitude of left-wing churchmen are gloating, calling the meltdown a ‘crisis of capitalism’.

Madeleine Westrop comments:

I know you are Atheist Conservatives: so, if you have any interest in your diametric (or dialectic?) opposite, consider for a moment the Church of England. It is advocating Karl Marx.

I don’t mean that the whole ecclesiastical edifice is daubed in Hegelian anti-God revolutionary anti-Capitalist slogans.  Most of the Anglicans I know are constitutionally unable to talk about politics, religion, money or even ideas at an English dinner party.   (I suppose if Marx had bred dogs or polyanthus…) Our dear old Anglican aunts go to the pretty parish church every Sunday and are true blue Conservatives from their charming hats to their patent shoes. 

But look further up.  Turn your gaze from the modest and crumbly foundations to the airy spires above.   The astonishing thing is that the Archbishop of Canterbury, the most senior figure in the Established Church, turns to Marx when the world is troubled.

An article in the Spectator this week was written by The Most Reverend and Right Honorable, his Grace Dr Rowan Williams, Primate of All England, Lord Spiritual in the House of Lords, overseer of the Anglican Communion (the third largest denomination in the world), Ordinary to the Chaplains in the Army, Navy and Royal Airforce, Visitor, Patron and Governor to hundreds of charitable trusts, President of the House of Bishops and the General Synod, Chairman of the Archbishop’s Council, Church Commissioner responsible for administration of the wealth and property of the Church (about £6 billion and hundreds of acres of land), resident and official host to many at Lambeth Palace, resident of the Old Palace at Canterbury, bishop of the Diocese of Canterbury, blesser of oils, annointer of the Monarch at each coronation.  I have counted how many have been enthroned as Archbishop of Canterbury and I think Dr Williams is about the 109th, since the first, St Augustine in 597 AD.

Dr Williams has decided to write about the economic crisis afflicting the world wholesale money markets, the banks and the stock-markets and ruination of all our pensions and savings to boot.  He says that unimaginable wealth has been generated by fiction and paper with no concrete outcome beyond profit for the traders.  He says the challenge is now to connect money to material reality.  And then it comes: “Marx long ago observed the way in which unbridled capitalism became a kind of mythology, ascribing reality, power and agency to things that had no life in themselves.”  He reminds us that “ascribing reality to what you have in fact made yourself” is idolatry. 

I agree there has been an “unreality” exposed because those debt obligations turned out to be worthless.  But this was not the work of a Monster Capitalist system.  Exposure is just what happens when you find out you have been stupid enough to deal in rotten wheat or quack medicine.  And there has been “unreality” in thinking such prodigal borrowing and spending was sustainable.  Again, this is not Monster Capitalism at work, but simply old fashioned bad business practice.

Was Dr Williams  thinking of the sorcerer in Marx’s Communist Manifesto?  In 1848 Marx and Engels wrote:

Modern bourgeois society, with its relations of production, of exchange and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer who is no longer able to control the powers of the nether world whom he has called up by his spells. 

This is nuts. Dr Williams can’t just say the problem is that we have created a Capitalist Monster and idolised it. For a start, here in England the problems have not occurred where old-fashioned capitalist values have prevailed.  The Northern Rock Bank lent out 110% mortgages to people who couldn’t make repayments and the bank went bust.  The taxpayer now has to pay a Bishop’s ransom for this failure. But Northern Rock was not a single-minded profit-mad selfish Capitalist Monster.  If it had been a bit more selfish it might have been more prudent. It gives 5% of its profits to ‘tackle disadvantage’ in the North East of England through a charitable foundation. It was a Labour Party pet and it was lending improvidently while the Labour Government was also borrowing like crazy to fund its socialist “transformations” (spending).  Northern Rock shared basic Labour Party socialist values. The bank employed Deborah Mattinson, Gordon Brown’s focus group guru, to advise it about social responsibility.  The Northern Rock charity gave money to the left wing think-tank the IPPR, which the Labour Government has used to outsource its own policy making.  In fact 17 departments have outsourced to the IPPR over the last 10 years.  And the inclusion and acceptance of the market system in a movement for social justice was part of the plan set out in Tony Blair’s New Labour movement.

Dr Williams also accepts private enterprise to some extent.  He writes,

“Of course business is not philanthropy, securing profit is a legitimate (if not a morally supreme) motivation for people…It’s true as well that, in some circumstances, loosening up a financial regime to allow for entrepreneurs and innovators to create wealth is necessary …But it is a sort of fundamentalism to say that this alone will secure stable and just outcomes everywhere.”

Which brings me to the second reason that the Shelleyesque Capitalist Monster, or the ungovernable sorcerer’s powers, are both inappropriate ideas.  Securing profit is a morally supreme motivation.  And while it is true that profit may not alone secure stable outcomes, the waste of wealth always produces unstable outcomes. True wealth (as contrasted with inflated speculative bubbles of paper wealth) is a sine qua non of stability, along with peace, the rule of law and liberty.

The problem is that Dr Williams has chosen a scoundrel unemployed insolvent misanthropist who sponged off his dying father and friends and couldn’t afford to bury his own child, for his lessons in morals and economics.  He chose Marx.  Instead he should have chosen a prudent, kindly, careful man who worked hard and made a meticulous study of how the wealth of nations can be increased and warned us against the very problems that have arisen in our economies: Adam Smith.  (It seems hardly worth mentioning in this Atheistic context, but it strikes me that an Archbishop might also have taken advice from Smith who believed, at least, in ‘a beneficent Providence’ over the anti-Religious Marx.)

Moreover, Marxism doesn’t really help to explain our predicament. The Communist Manifesto says that economic crises occur because of over-production:

“It is enough to mention the commercial crises that, by their periodical return, put the existence of the entire bourgeois society on its trial, each time more threateningly…. In these crises, there breaks out an epidemic that, in all earlier epochs, would have seemed an absurdity – the epidemic of over-production. Society suddenly finds itself put back into a state of momentary barbarism; it appears as if a famine, a universal war of devastation, had cut off the supply of every means of subsistence; industry and commerce seem to be destroyed. And why? Because there is too much civilization, too much means of subsistence, too much industry, too much commerce.”

But but but! Our present ills arise because we have unrealistically overestimated our wealth.  Dr Williams pointed this out himself.  We are not in trouble because of over-production!  It is truer to say that we have spent more than is justified by what we have produced.  National debt in the United Kingdom is high: the Government says it is about £650 billion but if you add in the hidden debt obligations – Northern Rock, public sector pensions, Public-Private partnership commitments, decommissioning of power stations – the figure is at least doubled.  In other words, to claim the official figure for debt,  about 37% of our gross domestic product, is to make a wild underestimate.  And where Government led, we followed.  Personal debt amounts to about £1.4 trillion.  Adam Smith would not have approved:

Whatever we may imagine the real wealth and revenue of a country to consist in, whether in the value of the annual produce of its land and labour, as plain reason seems to dictate; or in the quantity of the precious metals… in either view of the matter, every prodigal appears to be a public enemy and every frugal man a public benefactor. 

It is true that the economic crisis has been made worse by the obscurity of the real state of things. But how like a priest to say that the problem is, in the end, idolatry of an unknowable, ineffable dark thing.  We should shine light on the problem rather than condemn it to the shadows. Obscurity and superstition is our enemy here. 

Take the South Sea Bubble problem of three hundred years ago. The south Sea Company bought a monopoly of trade with South America.  The company underwrote the National Debt for interest Payments from the Treasury. This all seemed rosy. Share prices soared and other companies were founded in a frenzy of speculation. People had no idea what they were buying or risking: for example, one to fire square canon balls, and one just for an unknown undertaking of ‘great advantage’. Ladies’ maids and porters bought carriages on supposed mountains of wealth. When the value of the stocks crashed, investors were made destitute overnight and suicides and arrests followed.  Isaac Newton lost money and said “I can calculate the movement of stars but not the madness of men.”   

Smith discusses, years later, the South Sea company itself in The Wealth of Nations:

The directors of such [joint stock] companies, however, being managers rather of other people’s money than their own; it cannot well be expected that they should watch over it with the same anxious vigilance with which the partners in a private company frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master’s honour, and very easily give themselves a dispensation from having it.  Negligence and profusion must always prevail… in the management of the affairs of such a company.  

How apt this basic analysis seems today.  Risk takers must be responsible and face moral hazard. And responsibility, like charity, is best applied close to home.  England has had some marvellous institutions, the building societies, owned by their depositors whose only purpose was to provide finance for buying houses.  They were prudent and profitable, on the whole and allowed multitudes to buy their own house by slow and careful saving.  However, in the last twenty years or so they have ‘de-mutualized’ and become publicly owned banks, dealing in the wholesale markets and lending to the inflated ‘buy to let’ investment market.  Since they have stopped being owned by their depositors, many have had disastrous losses and only this week, the biggest ‘buy to let’ lender, the Bradford and Bingley bank (building society that was) has been nationalised.

There is no Monster. In fact there is no capitalist system. There are frugal habits that build wealth and wasteful or irresponsible habits that destroy it.  It is terribly dangerous to condemn the market for failings in ourselves and our Governments.   When you go to bed tonight, you might look under the bed: pessimists might check on a hoard of gold coins rather than trust banks; Marxist revolutionaries might simply turn in; but let us hope only the Prelates  are looking for Monsters.  

  

 Investor’s Business daily carries an editorial today about the radical Communist  ideologist who taught Obama all he knows.

Barack Obama’s "Change We Can Believe In" is simply socialism — imposed by stratagem because Americans have never believed in Marxist economics. Saul Alinsky understood this, and his ghost is alive and well — and threatening to haunt the White House. 

Read it all here.

 Front Page Magazine reports:

Uighur Islamic separatists killed eight people during a rash of suicide bombings on August 9, in the latest in a series of brazen terrorist attacks inside the communist police state. Terrorists targeted a dozen government offices with home-made explosives, just one day after the Turkistan Islamic Party released a video threatening to attack public transportation during the Games.

Earlier in the week, two Muslims drove a truck into a group of paramilitary police in Xinjiang province, then attacked the officers with knives, throwing explosives into their barracks. Sixteen officers died in the brazen attack. A local Communist Party official reported the two attackers had prepared written statements that declared, “they had to wage ‘holy war.’”

To most Western observers, the very existence of Chinese Muslims comes as a surprise. However,as previously reported in FrontPage, followers of Islam (mostly Sunnis) make up an estimated 1%-2% of China’s population – approximately 30 million people.

The Hui people, numbering around 20 million, practice Islamic dietary laws and other customs, but very rarely engage in jihadist violence. However, the nation’s 8.5 million Uighurs present a challenge to Chinese authorities. Located near the Pakistan and Afghanistan borders, the north-west province of Xinjiang is home to these Turkic Muslims, whose language is closer to Turkish than Chinese, and whose women often wear buhrkas. Many of the area’s tens of thousands of mosques have been financed by Saudi Arabia and Pakistan. The Uighurs have never accepted Communist rule. The cycle of sporadic unrest and subsequent crackdowns by Chinese authorities has persisted for decades … 

For the most part, Western media – using the struggles of Tibet as their touchstone – frame the attacks during the Beijing Olympics as part of “a local ethnic conflict” between the Uighurs and China’s culturally and ethnically distinct Han majority.

However, Dr Walid Phares, the Director of the Future Terrorism Project at the Foundation for the Defense of Democracies, charges both parties with denial: “As under the Russians in Chechnya it looks like the Communists in China are battling another form of totalitarianism to come: Jihadism.”

One of those conflicts – like the Iran-Iraq war or the Soviet-Afghan war – which has no side worth cheering for.   

Thomas Sowell, perhaps the wisest man in America, thinks that Obama may not be naive after all, but worse. 

Although most of the mainstream media are still swooning over Barack Obama, a few critics are calling the things he advocates "naive." But that assumes that he is trying to solve the country’s problems. If he is trying to solve his own problem of getting elected, then he is telling the voters just what they want to hear. That is not naive but shrewd and cynical.

Barack Obama’s father, and the chief mentor of his youth, and all the people who have most influenced him and promoted him throughout his life have been on the Extremely Far Left. 

Read this article and this one in Investor’s Business Daily  which make it clear as daylight that Barack Obama is a Socialist and if he were to be elected President, would turn the United States, with the help of a Democratic majority in Congress, into a  Socialist state, and try to take the country into a  Socialist International such as Marx and Lenin dreamed of.  

Quotations: 

‘Throughout his career, Obama has worked closely with a network of stone-cold socialists and full-blown communists striving for "economic justice."

He’s been traveling in an orbit of collectivism that runs from Nairobi to Honolulu, and on through Chicago to Washington.

Yet a recent AP poll found that only 6% of Americans would describe Obama as "liberal," let alone socialist.

Public opinion polls usually reflect media opinion, and the media by and large have portrayed Obama as a moderate "outsider" (the No. 1 term survey respondents associate him with) who will bring a "breath of fresh air" to Washington.

The few who have drilled down on his radical roots have tended to downplay or pooh-pooh them. Even skeptics have failed to connect the dots for fear of being called the dreaded "r" word.

But too much is at stake in this election to continue mincing words.

Both a historic banking crisis and 1970s-style stagflation loom over the economy. Democrats, who already control Congress, now threaten to filibuster-proof the Senate in what could be a watershed election for them — at both ends of Pennsylvania Avenue.

A perfect storm of statism is forming, and our economic freedoms are at serious risk.

 

Those who care less about looking politically correct than preserving the free-market individualism that’s made this country great have to start calling things by their proper name to avert long-term disaster.’

 

Furthermore:

‘Obama’s Global Poverty Act offers us a global socialist destiny we do not want, one that challenges America’s very sovereignty. The former "post-racial" candidate obviously intends to be a post-national president.’

 A pro-Stalin Communist is a strong influence on him in his formative years. Later he writes about this appreciatively. In his adulthood he associates with extreme-left radicals and unrepentant terrorists.  

The mainstream media do not consider these facts to have any significance.  

Read about it here.   

Here is the nasty truth about the environmentalists.