2014 – Let’s Consider Our Legacy…..Again

2014

In a post I did on January 2nd 2013 entitled Your Legacy I challenged us all to;

  1. Be thankful
  2. Change our input
  3. Determine our Legacy

If you haven’t been able to determine what you want that legacy to be for you, perhaps I can give you a perspective you may not have thought of, or some insight into a legacy beyond yourself. That is you know what legacy’s are really all about….what we did for others or what we did for mankind.

 In this excerpt of a recent article on the Legacy of 2013  by Oliver DeMille are some facts and thoughts on where America is headed. For you maybe this article can give you some ideas as to what you want your legacy to be.

During 2013 state governments in the United States passed over 40,000 new laws.

That’s not a typo. It’s 40,000 new laws — which means five times that many regulations when all the agencies of government write these laws into agency policies. It’s even more if you add the new federal laws.

Taken together, these signal a serious period of decline for America. We are a nation being overtaken by our biggest competitor (some would say future enemy) China, and simultaneously mired in skyrocketing levels of regulation.

Governments, federal and state, now seem determined to regulate and overregulate every facet of our lives — private and business. Many entrepreneurs, who were already reeling from reams of Obamacare regulations, are now facing more government red tape from every flank.

The free enterprise economy is literally under siege. Those who think this is exaggerated should try to open a significant new business in the United States. Most of the biggest entrepreneurs and corporations who have attempted this recently have decided to build in China or some other economy instead. The U.S. government has become generally hostile to business.

This is a strange reality for the land of the free and the home of the brave. Long considered the bastion of world freedom and economic opportunity, America is consistently less appealing to many businesses and investors.

The December 31, 2013 issue of USA Today summarized this overarching trend by saying that “aristocracy” is now “in” in America.

Aristocracy, really? That’s a bold statement. Yet it is increasingly true. The lower classes are more dependent on government, and the middle classes only survive by using debt. Only the upper class, the elites, are financially flourishing — and many of them rely on international investment that is growing in foreign economies.

Anyone relying on the U.S. economy right now is concerned. What will the escalating rollout of Obamacare bring? How many more government regulations will come in 2014, and how will this further weaken the economy?

The experts are finally taking notice of sharply rising levels of regulation, even if Washington isn’t.

For example, Francis Fukuyama called our time “The Great Unravelling” (The American Interest, Jan/Feb 2014) and Steven M. Teles called it “Kludgeocracy in America” (National Affairs, Fall 2013). We have become a Kludgeocracy indeed, with more business-killing regulation every week.

In The Discovery of Freedom, Rose Wilder Lane said that,

“Men in Government who imagine that they are controlling a planned economy must prevent economic progress—as, in the past, they have always done.”

What is her definition of a planned economy? Answer: modern France, Britain, and the United States. She quoted Henry Thomas Buckle, who wrote:

“In every quarter, and at every moment, the hand of government was felt. Duties on importation, and on exportation; bounties to raise up a losing trade, and taxes to pull down a remunerative one; this branch of industry forbidden, and that branch of industry encouraged; one article of commerce must not be grown because it was grown in the colonies, another article might be grown and bought, but not sold again, while a third article might be bought and sold, but not leave the country.

“Then, too, we find laws to regulate wages; laws to regulate prices; laws to regulate the interest of money…The ports swarmed with [government officials], whose sole business was to inspect nearly every process of domestic industry, to peer into every package, and tax every article…”

This was written about France, just before it lost its place as the world’s most powerful nation, and it was published as a warning to Britain, just before it lost it’s superpower status. This quote applies perfectly to America today.

Great nations in decline need innovation and entrepreneurialism, but instead they choose anti-innovation and anti-entrepreneurial regulation. It’s amazing how every nation repeats this well-known but addictive path of self-destruction.

As Lane Kenworthy argues in Foreign Affairs, opponents of bigger government “are fighting a losing battle.” In the near future, he says,

“More Americans will work in jobs with low pay, will lose a job more than once during their careers, and will reach retirement age with little savings.”

But this will be offset, he suggests, by more vacation days, less working hours each week, and more government programs that pay for many of these people’s needs.

Many of the experts agree — he U.S. economy isn’t going to boom anytime soon, but this will be balanced for investors by significant economic successes in Mexico, South Korea, Poland, Turkey, Indonesia, the Philippines, and Thailand, among other places.

All of this adds up to an America on the verge of what Paul Kennedy called the “fall of great powers”: overreach in international affairs that spends much of the nation’s prosperity, and simultaneously too much government regulation at home — shutting down a nation’s innovative/entrepreneurial class at the same time that the government taxes and spends more and more.

This same pattern brought down the top leader status of Spain, France, Britain and the Soviet Union. Before these, it brought down Athens, Rome, and the Ottoman Empire. Unless the United States changes course, it is following this same blueprint for decline.

When historians look back on 2013, they may well see it as the tipping point to a rapid American downturn. Partisan conflicts, government spying on its own people, drastic government spending, constantly increasing regulation, the rapid rise of China — any of these could fuel real decline. Together they may be insurmountable.

But one thing stands out: In a nation desperately in need of innovation and entrepreneurial initiative, the government is handing out innovation-blocking regulations at a breakneck pace.

The good news in all this is that entrepreneurs don’t give up easily. Tenacity is part of their DNA. The future will be determined by this race between politicians (increasing regulations) and entrepreneurs (innovation and prosperity).

Whoever wins will lead the 21st Century.

Our future as a nation, as well as our children and grandchildren’s future depend on who wins. Perhaps the role you could play in helping to develop a stronger and freer America might be your legacy. So look at the last year and determine what you will do differently this year, then look beyond this year and determine when you get to the end of your life what you want your Legacy to be. Perhaps it will be one that changes the course of history for the benefit of all freedom loving people.

Be aware of the magnitude of YOUR significance and remember;

  1. Be Thankful – YOU are alive today to play a role
  2. Change YOUR Input – educate and develop yourself
  3. Determine YOUR Legacy – only YOU can