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2 parasites for one producer
The parasitic class, lacking ability and motivation to be productive, must subsist on whatever it can steal from the productive class. This is done in a straightforward manner by corrupting the money supply. The prime mechanism for this is, the Central Bank. The CB is utilized to extract value from the currency for the benefit of the bankers.
The parasites, obviously, must retain control over the producers. Endless laws and endless taxation. There are limits to this. Parkinson's Law states that GOV grows by 6%, no matter the workload they carry.
"As Parkinson observed, "the number of the officials and the quantity of the work are not related to each other at all." In his case, Parkinson witnessed the non-relationship up close through studies of the Royal Navy's bureaucracy.
While the Royal Navy could in 1914 claim 146,000 officers and men served by 3,249 dockyard officials and clerks, plus 57,000 dockyard workmen, by 1928 there were only 100,000 officers and men, yet the number of dockyard officials and clerks had risen to 4,558. This, despite the fact that the number of British warships had declined from 62 to 20.
Parkinson went on to point that over the same period, the number of Admiralty officials had risen from 2,000 to 3,569. The British Navy had shrunk by 1/3rd in terms of men, and 2/3rds in terms of ships, thus forcing Parkinson to conclude that the growth in the number of workers for the Royal Navy "was unrelated to any possible increase in their work."
Parkinson went on to lay out what he deemed two "motive forces" for the increase of bureaucracy alongside reduced work output. As he put it, "An official wants to multiply subordinates, not rivals," and secondly, "Officials make work for each other." If an official feels overworked, whether true or not, there's little incentive to hire someone of similar stature, nor is there incentive to hire just one subordinate. Indeed, if the senior official were simply to hire one subordinate, doing so would effectively make the hire similar in stature to the individual who hired him.
The greater incentive is to hire two subordinates, separate the work assigned to each, and in doing so, make both hires less worthy of becoming rivals of the senior official.
|https://www.realclearmarkets.com/art...ing_98934.html
The increase was mostly seen in bureaucrats, NOT productive workers. The bureaucratic overlay of the EU behemoth reduced the GDP of Europe by 20% and, greatly lowered the living standard of the actual workers.
Parkinson points out that there was a decline in dockworkers BUT, a rise in clerks and Admiralty officers.
This brings up a new topic. As a bureaucracy grows, it lowers the standard of living for those who actually do the work. BUT, those workers have their own personal needs and desires. This pits them against the multitudinous blobs in the blob State. The producers work ever-harder to support an ever-growing parasite.
Part of the reason for the constant failure of socialism is; it's disregard for the workers desires. This disregard is not without cost. As the poverty, grumblings and protests of the producers increase, the blob state must tighten control. The best example is today in China. Their "social credit" system monitors EVERYTHING . It then hands out "carrots" and "sticks". Socialism destroys motivation. It remains to be seen of Chinese communism system can overcome this impediment.
American government has handed out lots of carrots. It has attracted and, retained LOTS of court sycophants. True to the findings of Parkinson, they make work for each other. Of the 22 million GOV employees, about 6500 of them do one half the work.
For every additional $1 in taxes, the productive economy is reduced by $3. The credit bubble is forced to grow to supply additional liquidity to make up for the funds sucked out by the parasites. Printing is now replacing taxes.
So much from State parasites. What about the other main group of parasites?
The bankers use an entirely different tack. Rather that using direct taxes, they use the "inflation tax". Here too, the printing must never stop.
We are coming to the end of the line. If State must pump in $7 trillion into the banks in just 7? weeks, we are coming to the end of the line. One can easily assume that Armstrong is correct and, sovereign debt is going to blow up.
The parasitic class, lacking ability and motivation to be productive, must subsist on whatever it can steal from the productive class. This is done in a straightforward manner by corrupting the money supply. The prime mechanism for this is, the Central Bank. The CB is utilized to extract value from the currency for the benefit of the bankers.
The parasites, obviously, must retain control over the producers. Endless laws and endless taxation. There are limits to this. Parkinson's Law states that GOV grows by 6%, no matter the workload they carry.
"As Parkinson observed, "the number of the officials and the quantity of the work are not related to each other at all." In his case, Parkinson witnessed the non-relationship up close through studies of the Royal Navy's bureaucracy.
While the Royal Navy could in 1914 claim 146,000 officers and men served by 3,249 dockyard officials and clerks, plus 57,000 dockyard workmen, by 1928 there were only 100,000 officers and men, yet the number of dockyard officials and clerks had risen to 4,558. This, despite the fact that the number of British warships had declined from 62 to 20.
Parkinson went on to point that over the same period, the number of Admiralty officials had risen from 2,000 to 3,569. The British Navy had shrunk by 1/3rd in terms of men, and 2/3rds in terms of ships, thus forcing Parkinson to conclude that the growth in the number of workers for the Royal Navy "was unrelated to any possible increase in their work."
Parkinson went on to lay out what he deemed two "motive forces" for the increase of bureaucracy alongside reduced work output. As he put it, "An official wants to multiply subordinates, not rivals," and secondly, "Officials make work for each other." If an official feels overworked, whether true or not, there's little incentive to hire someone of similar stature, nor is there incentive to hire just one subordinate. Indeed, if the senior official were simply to hire one subordinate, doing so would effectively make the hire similar in stature to the individual who hired him.
The greater incentive is to hire two subordinates, separate the work assigned to each, and in doing so, make both hires less worthy of becoming rivals of the senior official.
|https://www.realclearmarkets.com/art...ing_98934.html
The increase was mostly seen in bureaucrats, NOT productive workers. The bureaucratic overlay of the EU behemoth reduced the GDP of Europe by 20% and, greatly lowered the living standard of the actual workers.
Parkinson points out that there was a decline in dockworkers BUT, a rise in clerks and Admiralty officers.
This brings up a new topic. As a bureaucracy grows, it lowers the standard of living for those who actually do the work. BUT, those workers have their own personal needs and desires. This pits them against the multitudinous blobs in the blob State. The producers work ever-harder to support an ever-growing parasite.
Part of the reason for the constant failure of socialism is; it's disregard for the workers desires. This disregard is not without cost. As the poverty, grumblings and protests of the producers increase, the blob state must tighten control. The best example is today in China. Their "social credit" system monitors EVERYTHING . It then hands out "carrots" and "sticks". Socialism destroys motivation. It remains to be seen of Chinese communism system can overcome this impediment.
American government has handed out lots of carrots. It has attracted and, retained LOTS of court sycophants. True to the findings of Parkinson, they make work for each other. Of the 22 million GOV employees, about 6500 of them do one half the work.
For every additional $1 in taxes, the productive economy is reduced by $3. The credit bubble is forced to grow to supply additional liquidity to make up for the funds sucked out by the parasites. Printing is now replacing taxes.
So much from State parasites. What about the other main group of parasites?
The bankers use an entirely different tack. Rather that using direct taxes, they use the "inflation tax". Here too, the printing must never stop.
We are coming to the end of the line. If State must pump in $7 trillion into the banks in just 7? weeks, we are coming to the end of the line. One can easily assume that Armstrong is correct and, sovereign debt is going to blow up.
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