Episode 9. April 26, 2019: Mitt Romney Is A Vichy Republican Collaborator

Our podcast today places the comments by Mitt Romney, that he was sickened by President Trump’s behavior, into the bigger political context of why the Republican Party is not working for ordinary American citizens.

The conclusion about Romney in this podcast is different than the recent benevolent analysis by Rush Limbaugh, who suggests that Romney is just too stupid to see the Mueller report as exonerating Trump.

Limbaugh asks, “So my question for Mitt Romney, “Sir, are you this obtuse? (read stupid) Do you really, even now, not know what went on here? Do you really still believe that Trump did collude with Russia and wanted to and that they just couldn’t prove it?”

Romney is not stupid. He has a clearly identifiable political ideology of Republican crony capitalism, or global corporatism.

And, Romney is the perfect Republican representative of a privileged elite who benefits from the Republican Party ideology of corporate globalism.

In contrast to Limbaugh, who encourages listeners to continue voting for Republicans, this podcast argues that there is not an imaginary free market conservative wing of the Republicans valiantly fighting for the economic interests of ordinary Americans.

There is only one Republican Party, and that party believes in global corporatism, also known as crony capitalism.

Romney, in other words, is a beneficiary of crony capitalism, and is sickened by Trump’s Make America Great policies because Trump threatens the privileged status of crony capitalism.

I am Laurie Thomas Vass, and this is the copyrighted Citizen Liberty Party News Network podcast for April 26, 2019.

Our podcast today is under the topic category Replacing the Vichy Republicans and is titled, Mitt Romney Is A Vichy Republican Collaborator

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Working Hard and Playing By The Rules.

James Buchanan, a past professor of public choice policy at George Mason University, described how the rules of the American economic system generated certain predictable outcomes in total social welfare.

Change the rules of the game, wrote Buchanan, and you change the distribution of income and wealth.

Buchanan argued that most citizens, if given a choice about constitutional rules, would choose fair rules for all because they could never know where they may end up on life’s economic totem pole.

In Constitutional Economics, James Buchanan wrote that “Uncertainty about where one’s own interest will lie in a sequence of plays or rounds will lead a rational person, from his own self-interest, to prefer rules and arrangements, or constitutions, that will seem fair, no matter what final positions he might occupy.”

In other words, rather than relying on the separation of government powers to deal with the problem of special financial interests rigging the economic system, as Madison did, Buchanan relies upon the rationality of financial self-interest in creating constitutional rules.

Buchanan supported individual freedom because it is the only set of constitutional rules that create maximum rates of economic growth.

Buchanan would have supported a democratic republic, based upon his public choice theory, not Madison’s representative republic, based upon checks and balances of commercial financial interests.

Madison’s representative republic was captured by Republican Party elites, like Romney, who use the rules to serve the global corporate interests.

Madison’s Constitutional Rules

Madison, and the 37 elites who created the Constitution of 1787, feared the political power of common citizens.

Madison created an undemocratic, special interest constitution that insulated the government agencies from democratic impulses. His flawed system created a rigged economic system, dominated by special interests.

As long as one political party, in his two-party system, represented the common citizens and the other party represented the natural aristocracy, his system provided political stability in the transfer of power every four years.

However, his unfair rules caused economic collapse about every ten years.

The other consequence of his unfair rules was that his system eventually devolved into a centralized tyranny, controlled by the crony capitalists, to direct financial benefits to themselves.

The only times Madison’s rules worked for common citizens was during the rare periods of economic growth and technological innovation.

Saving Capitalism

The socialist economist, Robert Reich has created a false dichotomy about why the American economic system generates such poor outcomes for common citizens.

His analysis of crony capitalism is accurate, but he uses his analysis to gin up Marxian class hatred, and the promotion of the idea that global socialism is the solution.

Reich explains that, “the Republican super-rich have manipulated and changed these rules to their advantage since 1980 and that this largely explains their increasing share of the national income pie… In the absence of sufficient government oversight, the rich have been setting those rules.”

Reich never describes his concept of economic growth, nor how economic value is created through economic exchange, because his end-state goal is government authority over the operation of the existing crony capitalist exchange system.

Neither global socialism, nor global corporatism is the solution to crony capitalism because neither ideology places economic growth as the central goal of the economic system.

The entire process of economic growth is caused by open flows of knowledge as described by the shifting of the national production function outward.

Economic growth caused by technical change is a result of capital investments made by entrepreneurs in new production units that create new interindustry relationships and new future markets.

Only an individualistic society, not a socialist collectivist, nor a corporate collectivist society, is capable of creating economic growth and technology innovation,  through capital investments.

Public Choice and Economic Growth

Michael Munger, a professor of public policy, at a smallish Methodist college in Durham, N. C., creates a false dichotomy about crony capitalism.

His analytical framework suggests that the outcomes of crony capitalism are directed by individual CEOs of global corporations.

His analysis is based upon the tenets and assumptions of neo-classical economics that the individual CEO seeks to use the government to expand the wealth of the corporation at the expense of competitors and to the detriment of the general public.

Munger misplaces the genesis of crony capitalism.

Crony capitalism is not about the individual welfare functions of the individual CEO attempting to maximize profits, it is about the organized, institutional economic power of corporate Republicans to control the rate of capital investment, and consequently, the rate of economic growth.

The genesis of crony capitalism is Madison’s constitutional rules.

Both Reich and Munger would agree with Reich that, “Rising wealth at the top buys growing political influence, via campaign contributions, lobbying, and the rewards of the revolving door. Political influence in turn is used to rewrite the rules of the game—antitrust laws, deregulation, changes in contract law, union-busting—in a way that reinforces income concentration. The result is a sort of spiral, a vicious circle of oligarchy.”

Both Reich and Munger are correct in their analysis that the corporate elite have captured the government, to rig the rules to their own elite interests.

Neither are willing to take their analysis back to the beginning of 1787, to target Madison’s unfair constitution, and his two-party system that allows a charlatan like Romney to masquerade as a conservative.

Both are blind to the issue of economic growth because neither of them are willing to address the fundamental flaw of Madison’s representative republic.

The solution to global corporatism is more democracy, not less, in a constitutional democratic republic.

Madison’s constitution is not based upon democratic public choice, it is based upon elite control of the economy.

Only a democratic representative republic would create maximum rates of economic growth.

This is my conclusion

Nearly 30 years after the Republican global corporatists sold out American workers on trade policy, the common citizens do not have career paths that lead to upward occupational mobility.

But profits for 1500 large global corporations, who funded the Republican trade strategy, are at historical highs.

Nearly 10 years after the $1.7 trillion Republican crony capitalist bailout of global corporations, American common citizens still suffer the consequences.

In Angelo Codevilla’s analysis of the problem of crony capitalism, he explains that within Madison’s two political party system, the Vichy Republicans collaborate with Obama’s socialist Democrat Party to serve the corporate elite interests.

As he notes, “No prominent Republican challenged the ruling class’s continued claim of superior insight, nor its denigration of the American people as irritable children who must learn their place. The Republican Party did not disparage the ruling class, because most of its officials are or would like to be part of it.”

In other words, there are not two political parties that represent distinct social classes, as intended by Madison. The political elites in the Republican Party collaborate with the socialist elites in the Democrat Party to implement a one-world government.

Both political parties, for different reasons, promote globalization of the American economy, to the detriment of the sovereign national economic interest and to the despair of the great American middle class.

 

The national Republican Party did not issue a response to the news of a Democrat coup d’etat, in 2016, because the Republican Party elites would not object to President Trump’s removal.

There is nothing incompatible between the Republican corporate globalist goal of open borders and the socialist vision of a one-world socialist government.

Romney is a Vichy Republican collaborator and is an unworthy ally in the defense of liberty.

Romney would support the removal of Trump in an extra-legal impeachment proceeding, initiated by the House Democrats.

Romney’s comments about being sickened by Trump should be seen within in the bigger context of globalization and the evisceration of the sovereignty of America, as a distinct nation.

The only peaceful, non-violent solution to the crony capitalist system is to dissolve the nation into two new nations:

The Socialist States of America

The Democratic Republic of America.

At the creation of the new Socialist States of America, Romney’s natural political home will be in the Socialist States because he does not possess the moral values to make it in a free market system, where rewards are based upon hard work and merit.

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I am Laurie Thomas Vass, and this podcast is a copyrighted production of the CLP News Network

Thank you for joining me today and please visit our entire archive of podcasts at clpnewsnetwork.com