The View From 1776
Tuesday, October 16, 2012
According to today’s Wall Street Journal, “Electric car battery manufacturer A123 Systems Inc., the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday.”
Just another example of liberal-progressive investment astuteness in general, and Obama’s in particular.
From “investments” in bigger labor unions to crony-capitalism support for his large financial backers, Obama’s policies exemplify the nature of liberal-progressive-socialism: an indefatigable drive to put everyone under the regulatory thumb of government by making everyone completely dependent upon socialist government handouts.
Defense of private property rights, beginning with Magna Carta in 1215, is the origin of all our concepts of individual rights under the law and our theories of constitutional government. Defense of private property rights was the reason for the 1776 War of Independence.
Our Declaration of Independence and our Constitution were founded on the principle that individuals have inalienable rights to life, liberty, and property. The constitution was expressly structured to prevent overriding those inalienable rights by majority opinion or power grabs by government officials. Property rights are the single most important of such rights. If individuals are secure in their property rights, they have the wherewithal to resist attacks on their other rights.
Liberal-progressive-socialists reverse those constitutional doctrines. They say that private property is the source of society’s ills. Socialization (government control) of property, aimed at distributing property and income as equally as possible among the citizenry, will perfect human society. Liberal-progressive-socialism therefore amounts to evisceration of the Constitution’s vital elements.