"How the Democrats Created the Financial Crisis"
September 22, 2008
If you are interested in understand why we are in such a mess, check out this article. It makes a compelling case against the Democrats.
Here is what I want to know. Many liberals have blamed capitalism and free markets for the current mess. Many have asked that the head of CEOs be served on a platter. Well, now what?
In light of overwhelming evidence that Democrats are at least as blameworthy as fat-cat capitalists, liberals are now saying.... Well, they aren't suggesting that Democrats be held accountable. Why not?
I really am reminded why I don't often blog political issues. It's next to impossible to have an intelligent political conversation. If you want to speak beyond "Bush is evil," or "Activist judges are legislating from the bench," good luck finding someone to talk to.
The real evil is in group formation. Extensive research shows that when someone becomes a member of a group, that person cannot see the weaknesses of his group's position. A group member will evaluate evidence differently.
If you are a Republican, you will read that article and think, "Yeah, that's so true!" You'll ignore that the bundling of these bad loans also caused the problems we're facing. There were substantial market failures. But you'll ignore that, since that goes against the "Free markets uber alles" narrative.
If you're a Democrat, you'll ignore the evidence in the article altogether. The evidence is too powerful to explain away. And you can't say: "Well, the people who bought these bad loans in the free market are also at fault." That's because you'd first be forced to recognize that the bad loans existed because of Democrats.
All Republicans and Democrats are, at root, collectivists. Consciously or not, they subjugate their will to that of the group. It is unfortunate that so many people are so willing to surrender their minds to others.
I have always been a Nietzsche fan - now, more so than ever. We suffer from cognitive bias because of our evolutionary roots. In order to survive, we had to form groups. Lone wolfs do not live long in the wild.
It is literally our humanity that causes us to become ranting morons. When Nietzsche said that "Man is something to be overcome," I think he anticipated evolutionary psychology. That which exists because of our humanity must be overcome. Otherwise, we are nothing more than slaves to partisanship and groupthink.