We all know it’s out there because we feel its influence all the time, yet it remains hidden. It drives inflation perpetually raising the cost of doing business.
It devalues competing currencies destroying local manufacturing. It supports higher federal taxes redistributing your wealth. It pushes down stock prices, erasing our gains. It pays the politicians and it sets the agenda.
Dark money is so eclipsing that when its there, and these days it always seems to be, our business plans all but disappear. We try to bid for a resource. Dark money wins. We try to get our ads out, dark money funds a counter narrative. We try to build market share, dark money buys it first and squats. It never sleeps and loves to over pay.
"The dinner is properly balanced when it has sweets as well as substantials. The sensible person finds the dinner is better if the sweets come after the substantials." — Col. Wm. C. Hunter, Dollars and Sense, 1906
It’s why our houses cost so much now and why so few of our children can afford a mortgage. Dark money doesn’t need a home, it needs an investment. It tries to generate a return for itself with every move it makes. A return for dark money is always a loss for the rest of us because it bets against prosperity in favour of profit.
Dark money divides and conquers. Raises the cost of materials until outsourcing is the only viable option. It trades short and hedges long. It bribes, bamboozles and bubbles. Those with enough of it get bailed out while the rest of us just go bust.
It rounds away our pennies yet demands perfection when doing our taxes. It subsidizes our competitors without ever tripping anti-trust. How? Dark money loves partnering with governments through vague promises of job creation and municipal investment (see previous comment about squatting). Smart people who refuse to play by its rules are quickly marginalized in the central planning offices of every modern government in the world today.
We all created this paradigm with our greed and our laziness. When we made bad investments, we didn’t want to face the music. We tried to vote our problems away. Forcing interest rate reductions by demanding our elected officials politically control the banks. Exaggerated appraisals cause we can’t stand losing money on our resale or we want more money in that government insured loan.
When we don’t allow people to face the consequences of losing, that loss doesn’t just vanish like magic. Just because we don’t see the faces of those who pay for our mistakes doesn’t change the reality. A blind thief is still stealing. We are all thieves now, robbing our children of their future so we can pay for our selfish dreams.
Wanna fix it? Let the housing market crash and raise the interest rates in the central banks. Let the correction happen. Let prices go down on materials so there is more money for real people in our own country and stop putting international trade deals ahead of our own producers.
We need more high earning jobs and opportunities for folks to access them in our home towns not overseas. How else can we expect to attract the smartest, hardest working, highest producing immigrants if there’s no advanced opportunities for them. Why are we even considering minimum wage increases for a middle class with the lowest levels of productivity in several generations?
Stop rewarding failure. Stop calling participants winners. And please above all, stop trying to make everyone equal. It’s ok to admit others have succeeded more, done more, created more, earned more, are depended on more. Yes, it’s true, there are people out there whom if suddenly gone, that absence would be felt more than if you were.
It’s ok, shhhhh, it’s ok. Life goes on. We are not all awesome all the time, we are not all the same all the time, and it does so much harm when we conflate the injustices of inequity with the problems that are solvable by promoting equality.
Equity: the quality of being fair and impartial. equality: the quality of being equal; correspondence in quantity, degree, value, rank, or ability.
Now that you hopefully see the subtle different in these concepts, I bet you always wanted equity in the first place, but that “al” in the middle is just soooooo haaaaaaaard to ignore. Am I right? I mean one is a common word used all the time and the other is something my accountant might know without having to look it up.
It’s been done before and we can do it again. I’m convinced that if we learn to face responsibility for our mistakes again, are willing to pay for our mistakes again, we’ll all get along better, we’ll all make more real money, our investments will stabilize, our businesses will grow with long term market certainty, and we will watch our children do the same.
Isn’t that worth the effort?
Next Up: Capitalism Is A Glorious Force Of Nature