John Stossel explores this week the disturbing notion that present-day America might resemble too closely the declining Roman empire.
The Roman Republic had a constitution, but Roman leaders often ignored it. “Marius was elected consul six years in a row, even though under the constitution (he) was term-limited to one year,” [said historian Carl Richard.]
Sounds like New York City’s Mayor Bloomberg.
“We have presidents of both parties legislating by executive order, saying I’m not going to enforce certain laws because I don’t like them. … That open flouting of the law is dangerous because law ceases to have meaning. … I see that today. … Congress passes huge laws they haven’t even read (as well as) overspending, overtaxing and devaluing the currency.” …
… The president the Foundation for Economic Education, Lawrence Reed, warned that Rome, like America, had an expanding welfare state. It started with “subsidized grain. The government gave it away at half price. But the problem was that they couldn’t stop there … a man named Claudius ran for Tribune on a platform of free wheat for the masses. And won. It was downhill from there.”
Soon, to appease angry voters, emperors gave away or subsidized olive oil, salt and pork. People lined up to get free stuff.
Rome’s government, much like ours, wasn’t good at making sure subsidies flowed only to the poor, said Reed: “Anybody could line up to get these goods, which contributed to the ultimate bankruptcy of the Roman state.”
As inflation increased, Rome, much like the U.S. under President Nixon, imposed wage and price controls. When people objected, Emperor Diocletian denounced their “greed,” saying, “Shared humanity urges us to set a limit.”
Doesn’t that sound like today’s anti-capitalist politicians?