It is unfortunate that Bernie Sanders has reduced the political economy down to a battle between the wealthy and the rest of us. Since Mr. Sanders is an uber-statist there should be no surprise that he would leave government off of his list of bad things that impact the average American. Politicians whittle the status of the political economy down to a voting issue where packages of goods and services are concocted and offered to the electorate in exchange for the right to regulate commerce and create more programs that employ more bureaucrats.
Blaming the wealthy for the negative state of affairs only serves to heighten a sense of urgency to make change now before the lower classes predicament is worsened by increasing income or wealth inequality. Only the State can come to the individuals rescue and save her from the morass.
The politically astute realize that arguments like those made by Mr. Sanders, Hillary Clinton, and other progressives are a waste because they ignore the real definition of economics and the realities of a capitalist-based society. Macro-economics is about making a nation attractive to the flow of capital while micro-economics is about how efficiently that capital is put to use when it is converted into a going concern or a firm. The vast majority of the electorate play no role in how capital flows because the vast majority of the electorate how no capital to flow to anywhere. It makes the issue of voting moot since the vote has no impact on the day-to-day decisions involved in macro or micro-economics.
All is not lost for the individual, however. How she fares in a world where she has no leverage on the decisions to accumulate and distribute capital depends on how well she can enhance her value to those who hold capital. The individual must wake up every morning thinking about what value she can create; how she can leverage that value and be compensated for its provision. She has to take on a hunter’s mentality when negotiating the political economy and quickly discard a consumer’s mentality that expects something steady and risk free from the economic environment. This mindset can only be achieved with the realization that the ineffective nanny economy of progressives has to be replaced with an entrepreneurial, value-driven economy.
The individual’s value to the capital flow process is a concept that Mr. Sanders and other progressives never mention in part because they don’t understand how the American economic system works; in part because telling an electorate with a “do more for me” mentality that it should take on the responsibility of enhancing their value would be political suicide.
If Mr. Sanders is sincere about a revolution, he should first get rid of the “democratic socialist” moniker; join us anarcho-capitalists; abandon the “war on bankers” rhetoric (those guys have been around since Jesus. They aren’t going anywhere); and instill a little of that Brooklyn toughness and gruffness into a narrative that says that each individual should focus on identifying and providing the best value to our economic jungle.