Bad U.S. Socioeconomic Theories

In the early 20th century eugenics became a popular theory. Eugenics assumed that talent and genius were hereditary traits, and that selective breeding could improve the human race. Scientists measured physical and other attributes seeking the best solutions to race improvement. Nazi officials exploited this theory with their “experiments.” Today we understand this was a really bad theory.

Today’s liberal/progressive theories include: (1a) printing money out of thin air, and (1b) borrowing your way out of debt are good economic policies, and (2) successful companies (Apple, Google, etc.) and creative entrepreneurs are the result of the (big) government supported policies. All of these theories are also really bad.

Theory (1) has been disproven many times over in past and recent history from the Romans to Argentina to Greece. We cannot print or borrow money to spend our way to prosperity. Theory (2) would be a surprise to Steve Jobs and other entrepreneurs. A small good government allows maximum freedom that encourages entrepreneurs to put both sweat and financial equity into their ideas. A bad government over regulates and taxes reducing resources for entrepreneurial activities. Also big governments often help their super-wealthy supporters with special deals. For example, most of Warren Buffett’s estate will role over into Bill Gate’s charity without tax whereas a small family owned business would pay large estate taxes.

Paying for what is spent today with future generations money will fail. Government officials taking credit for entrepreneurs’ success is pure arrogance.  Few leaders mention these facts. The public wants and hopes these policies will magically work for us because we live in the U.S. Duh! History will repeat itself!  Know the facts before voting.

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Dr. Cleland’s Ph.D. is from Purdue University where he specialized in complex systems theory. His technical training and experiences includes analyses of many types of systems, involvement with numerous federal, state, and local agencies, and management of a broad set of set of professionals, services, and trades people. He has managed scientists, engineers, policemen, firefighters, environment, health, safety and emergency planning experts, building trades and maintenance crafts personnel, and others.

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July 2012
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