A sudden, terrifying realization swept over me this morning!

A prime virtue of Liberty is that by not interfering in peoples triumphs and failures, capital naturally flows to those who know how to use it. With each bad decision people become less able to affect the rest of us.

In our current system the Bailout short-circuits this mechanism. If you cross some unseen and undefined line and become too big (or too well connected) to fail, you are paid for your losses by the rest of us. So now there are two classes of people. In one group, the mega-well-connected, you keep your gains but pass off your losses. In another, the rest of us, you keep you gains, and your losses, and their losses.

Bailout is the evil bastard child of Capitalism and Socialism that is far worse, and unjust, then both. It is far worse than any tax hike or universal healthcare option and must be opposed as such. Bailout’s true power to destroy comes from its tendency to dress up in its father cloths. Because this bastard child is allowed to present itself in Capitalism’s name, the only “rational” choice left is Socialism.

This is a threat to your liberty and must be opposed. It will not be enough to complain to your friends and relatives. Something must be done. It will not be enough to write your congressman, because your congressman has been bought for a pittance. The list of campaign contributors before bailout (here and here) is -- Surprise! -- a veritable who’s who of bailout recipients! After Bailout, these very companies are dealing a percentage of the handout back to the very congressmen who gave it to them in the first place!

So I urge you to do two things: First, write you Congressman and Senators. Let them know that you are not happy with the bailout not just because it is inherently unjust, but because you see the bigger implications mentioned above. Also let them know that you know who really butters their bread by looking up their campaign contributions here. Second, I don’t think the above will be enough to make sure this never happens again, so please comment below on your thoughts on how we as citizens can resist.

In closing, allow me to note the haunting similarities between our situation and Arthurian legend. We capitalists stand like Arthur ready to walk down the length of the spear to kill this monster; this child that was created through deception by a vengeful mother for the express purpose of ridding the world of the father. Like Mordred this child will wipe its father from this earth for a thousand years if it’s not put down early and without mercy. Let us not walk down that spear. Let us lift our head from the shortsightedness of battle and recognize this evil for what it is before it is too late.