The New Clarion

The National Summit on the economy held at the Renaissance Center here in Detroit has ended on a sad note, provided by Nolan Finley, editor of the slightly conservative Detroit News. In his editorial Mr. Finley laments the fact that nobody seems to care about business and industry any more:

“Since January, corporate America has been a pariah in Washington. Business executives are saddled with the blame for the nation’s collapse, and no one in charge is much interested in hearing their ideas for fixing things. Corporate chiefs are the new disenfranchised class.

“They’ve been steamrolled by the popular express,” says Lou Anna Simon, president of Michigan State University.

And that’s a tragedy. Because there were some solid, common-sense solutions for reviving America put on the table this week in Detroit. The brain power gathered in the RenCen’s silos could have moved a mountain, if anyone had been listening.
“

Well, all true. But why hasn’t Mr. Finley’s editorial pages been championing those ideas and fixes? If the auto execs have been ‘steamrolled’ by the popular press, well, isn’t his Detroit News part of that press? And if nobody is listening, well, why aren’t they? Could it be all those past editorials claiming that some taxes, some emission regulations, some fuel economy regulations, some labor regulations and other government mandates were noble and virtuous goals, but we mustn’t over do it by trying to be too noble and virtuous. Could it be that people no longer believe that it’s virtuous to take poison with their food? He laments further:

“Business doesn’t matter in the upside-down world in which we live. Government has all the answers, all the money and all the muscle. Critical decisions are being made about the future of industry without the input of industrialists.

In a heartbeat we’ve moved from a nation that worships entrepreneurship, innovation and the freedom to succeed to one that craves the false security of an economy carefully contained by the government.”

Mr. Finley is wrong. The government doesn’t have all the answers. It doesn’t have any except the one that is available to all savages-physical force. Mr. Finley has never learned that once you give the government ‘all the muscle’, it doesn’t need answers and can counterfeit as much money as it wants (and is now doing). But what about the false security of a planned society? Who advocated that? Could it be all those editorials proclaiming Social Security, Medicare, Medicaid, and the Welfare State to be noble and well-intentioned-but we mustn’t allow ourselves to be extremely noble? Is it any wonder nobody is listening to such arguments?

I don’t know about other industries but I don’t think there are any auto CEOs who even know how to defend their industries or their rights. These guys are very submissive and ineffective now:

“The CEOs acknowledged their diminished status and the danger of making the word “corporate” as pejorative as communist was 60 years ago, particularly for a nation that must encourage its youth to become engineers, entrepreneurs and executives if it hopes to avoid becoming the servant of more enlightened economies.

“We’re (sic) got to make it cool again to be in business,” Ford CEO Alan Mulally said. “Industry is the source of all wealth creation for everybody.”

While that last sentence is profoundly true, look what Mr. Mulally is appealing to, feelings ! Never mind appealing to anyone’s mind, their reason, or their own moral and constitutional right to make the cars they want to make with the kind of fuel efficiency and emissions people are willing to pay for.
No. We must figure out a way to make life, liberty and the pursuit of happiness and the prosperity it brings, ‘cool’. In a culture where sacrificial emotions take precedence over reason, the more consistent emotionalists will prevail. That’s why Obama, Pelosi and Reid are now in charge.

Mr. Finley also has a blog where he informs that Michigan Sen Debbie Stabenow got a lesson in free markets at the summit:

“In the most polite way possible, Thomas d’Aquino, the chief executive of the Canadian Council of Chief Executives, schooled U.S. Sen. Debbie Stabenow of Michigan on how free markets work.

In their panel at the National Summit on economics in Detroit, d’Aquino warned against allowing “Buy American” sentiments to morph into protectionist policies.

Stabenow followed by saying she supports free trade as long as the playing field is level — the anti-traders’ favorite defense. Then she ticked off the list of protectionist ideas she advocates, along with a call for massive government spending on research and development.”

Again, Mr Finley doesn’t grasp that our political leaders aren’t interested in free trade but only hanging on to power over us. Auto workers have a lot more votes than businessmen so businessmen must be sacrificed for the workers. A non-sacrificial way of life–laissez faire capitalism–is alien to all our political leaders and evidently, most editors.

None have learned that “In any conflict between two men (or two groups) who hold the same basic principles, it is the more consistent one who wins.”–Ayn Rand in ‘The Anatomy of Compromise’ in Capitalism: The Unknown Ideal.