Fredag 19 april 2019


What Goes Around Comes Around
Krönika från Bill Bonner.

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What Goes Around Comes Around
The English conquered Ireland in the early 17th century and then divided it up into vast plantations.

In 1622, Paul Gore, an English commander, was given a vast stretch of land in the north of the island in County Donegal, where your editor’s family is from.

And by 1900, Sir Henry William Gore-Booth, father of Eva and Constance, was one of the richest men in Ireland with 32,000 acres.

But what goes around comes around. And fortunes have a way of going as well as coming. In the early 20th century, the Anglo-Irish were losing their grip on Ireland and Sir Henry’s family was losing its grip on reality.

We have been interested, of late, in the intersection between politics and money. It is a dangerous one with frequent accidents.

Most often, paying attention to politics is a mistake. Politics is a win-lose business, while money is mostly win-win.

In the modern world, it is work that pays, not war. You make money by offering something to others. Your time, your attention, your savings, your inventions, or your innovations –generally, the more you give, the more you get.

Meddling in politics merely distracts and misleads you; the more you force others to give at the point of a gun, the less you have to give in return.

Politics creates no wealth. It merely “redistributes” it – from those who earn it to those who end up with the stolen goods.

At the low end, social programs redistribute trivial amounts. The zombies get enough to live on but not much more.

At the high end, a few cronies get rich from federal scams. But not many. It’s a tough game, because you’re competing with other cronies who are often more ruthless than you are.

But occasionally, you need to take an interest in politics. Because, as civil rights activist Stokely Carmichael used to say, it may take an interest in you.

Bill Bonner

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