The People Win: Egypt
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-02-11 11:30
by Karl Denninger
in Editorial
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The People Win: Egypt
 

Mubarak is reported to have "waived" his right to the Presidency.  That would be a resignation, I presume.

There is a lesson in here for all individuals and nations.  All governments exist only with the consent of the governed.  That consent does not have to be "withdrawn" via unlawful force at-arms or even via the ballot box.

Indeed, it is most-effectively withdrawn when the citizens refuse to go to work!

The Beast of Government exists on tax revenues.  ALL governments share this fundamental reality.  ALL governments fail when the economic capacity to tax is destroyed.  ALL citizens give their consent to their government each and every day by performing economic acts and thereby exposing that activity to taxation.

That taxation forms the essence of the functional capacity to govern.  Period.

The people in all nations, at all times, reserve the right and the ability, through peaceful and lawful action, to destroy any government should it fail to comply with their demands and act in a sufficiently-onerous manner, and a minority of the population is all it requires to effect this change.  The Soviet Union fell via this mechanism, East Germany fell via this mechanism, and now Egypt has fallen via this mechanism. 

No blood and no lawlessness were required.

In fact, it was the pro-government goons that were engaged in violence in an attempt to goad the people into acts that they could then use to "justify" the excessive use of force.  The government gassed the protesters.  The government was the one shooting people; rifles are prohibited from private ownership in Egypt.  The government was, as best we can determine, the one raining Molotov cocktails on the protesters.  But the government failed to incite the protesters to violence, who instead maintained their right to starve the government by refusing to provide it with the economic activity it needed to survive.

All persons in all nations should be aware of the fundamental fact that their government, no matter how oppressive, no matter how ugly, no matter how allegedly-free or representative (or not) exists only because you rise from your bed each day and go to work.

The day you stop, along with a sizable fraction of your neighbors and friends, and instead wave signs and demand change, thereby shutting down the engine of commerce is the day you remove through peaceful and lawful means the fuel that the government requires to operate.

Our "protests" in Washington and elsewhere fail to provide results because the "or else" has not been provided along with the protest.  We come, we wave signs, and the next day we go home and go to work.  If instead any sizable fraction of the population that is, for instance, opposed to ObamaCare or Bankster Theft were to appear, wave signs, and go on strike until and unless the change demanded was made.....

The pundits are all saying this was a "military coup less the shooting." Baloney.  This was a popular uprising conducted via economic boycott and it brought down a dictatorial government without violating the law.

Now we see what comes next for Egypt.

If you live in Saudi Arabia, Jordan, or any other nation that has an autocratic and dictatorial regime, you now have a blueprint to toss the jackals at the putative head of your nation from their thrones without firing a single shot or drawing a drop of blood.

I challenge the people of the world from Saudi Arabia to Jordan to China to do so.

For those in The United States or other western nations who claim that we are inexorably on a path toward civil disorder or even civil war due to the outrageous looting of our nations that have been conducted by financial interests with the full consent and complicity of our governments, I simply point to Egypt.

I maintain, as I have for nearly four years, that there is another path that is peaceful, entirely lawful, and has just been proved to have efficacy in yet another nation that many said would never lose its Dictator without violence.

Three times the pundits have said this, and three times they have been wrong.

I rest my case.

Discussion below (registration required to post)
 

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User Info The People Win: Egypt in forum [Market-Ticker]
Wawawa
Posts: 249
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I am happy for Egyptian people.

Right now other dictators in Arab world are nervous, very nervous.

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RAT RACE IS OVER, RATS WON :)

Ntb
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That's a cause for celebration. I hope what comes next is too but I fear it may not be.

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Science is interesting. If you don't agree you can f*ck off.
Risingcream
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Let's see their prize before I can become happy for them.

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Civilization...ancient and wicked. --Subotai

“The distance between insanity and genius is measured only by success”
Themortgagedude
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saint louis
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Might not work in other countries without considerable bloodshed. China has proven it will be merciless. House of Saud would probably just leave town with their billions. That would be the bad one for us.

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I'm already visualizing you with duct tape over your mouth.
Hogman
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Yes

Be careful for what you wish for?

Hope not in this case
Adp
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California
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Wow. Wow. Wow.
Truthseeker
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NorCal
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You framed it brilliantly, Karl. All those who fear "Mad Max" should read and consider this Ticker. It CAN be done peacefully. Bravo to the brave and determined people of Egypt.

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"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
Richard112360
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Quote:
Bravo to the brave and determined people of Egypt.


I agree!!!!! smiley
Tank
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Today is 32 years to the day that the Shah of Iran was deposed. I fear a repeat here.

I'm happy that a dictator is out. Out of the frying pan...?

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"A danger foreseen is half avoided." -Thomas Fuller (1608-1661)
Otiswild
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Inside you, the force is!
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Brett
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His name was Joseph Stack. His name was Joseph Stack......
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Never ever ever ever thought I would live to see the day when Egypt was a freer nation than the USA. Congrats to the people of Egypt, your courage and bravery astound me. Politicians the world around would do well to remember that 'government exists solely with the consent of the governed'.

The only people afraid in Egypt tonight are the 'secret police' and the corrupt.

Bravo.

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Americans need to stop wasting their time calling their representatives or protesting in Washington DC. Instead, protest in front of the personal homes of Bankster CEO/CFOs,in front of the personal homes of your representative.... They made it personal and so should you.
Chris
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Like all of us, I sure hope and pray this is a win for the "people".
If I remember correctly the last Middle East election went to the Hizballah & the only organized party I know of in Egypt is the Muslim Brotherhood at about 10%. Perhaps, I just don't know of the others?
I would not want to be Israel right now as I don't think the peace treaty will be worth the paper it is written on.

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chris
Irishsamurai
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Cue Michael Buffer ...

Democracy is harder than just getting the dictator to step down.

Egyptians are about to find this out ... hopefully not the "hard way".


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“Why is it the ship beats the waves when the waves are so many and the ship is one? The reason is that the ship has a purpose.” - Churchill
Shoobedoowa
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Out of the frying pan......into the next frying pan.

Scoreboard of the Egyptian people:

Battles: 1

Wars: 0

Existing leadership will be replaced with another pre-ordained leader.

The problem lies with who controls the people of the country.....the Egyptian central bank.

The army is not in place to defend the people. The army is there to ensure order, and in this case, an orderly transition. If mayhem were to break out, the military would do what is necessary. ......Theater.
Inez
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Egypt not the first nation to get freedom with no violence. India's freedom struggle is an example.
Eaglewwit
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Let's hope this is truly a victory for freedom, time will tell.

That being said I think Glenn Beck is off his rocker with the conspiratorial stuff about this being a planned organized revolution. This was clearly a uprising of poor, hungry, and oppressed people who were fighting for their unalienable rights.
Xorbe
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Bay Area, CA
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Who can guarantee that the next guy isn't merely a puppet for Mubarak?
Joejohns
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No matter the outcome, there is now a chance and a chance is all anyone is entitled to have.

Bravo.

Now for that Queen Nor and her scum , what a joke we have her on USA air braying about people's rights. Dump them.
Then get rid of that terrorist supporting Saudi Royal scum.

Take the shot , who knows.

God bless the people with the guts to try.

What people here don't seem to understand is that when the people have no hope and see no way to affect the gvt of the country they will become radicalized as there is no other way forward.


If you were the KING'S man or benefited from their rule back in the day would YOU have taken the shot? It seems many here would not.


Bush was right!


While no blood was the first choice of the protesters , there was blood required. There were many dead and wounded and I doubt we have the full count on that score.

Make no mistake they had to fight to take the space they occupied at certain points.

Reason: bush
Adp
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Freedom isn't free. Nice.
Throxxofvron
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We might be bearing witness to a great shift in the mechanics of Government and the key to Revolutions/Government Reformations.

This is about CAPITALISM Now.

Governments cannot function without Productive Outputs from from a certain percentage of the Citizenry; and without INCENTIVE to generate the Productivity the Citizenry cease to do so -depriving the Government/Oligarchy of the fuel to command the Bureaucracy.

Either the Governments, Banks, Institutions of Finance, and the Families of Generational Wealth all go broke along with the Common Man when their Investments Fail; -or the Common Man pulls the plug by Striking and/or 'going' Galt'.

Either ALL Institutions People will have both Private Profits and Losses -or there is Revolution.

People around the World are DEMANDING Full Equalization in the Application of Laws concerning Individual and Property Rights -or there is Revolution.



*****CAPITALISM & EQUAL JUSTICE ARE THE NEW ENGINES OF GLOBAL REVOLUTION.*****




Dear Oligarchs; You can take this job and shove it -right up your ass.


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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell

Cameljoe
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I'm glad there wasn't much violence involved. Go Egyptians!

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I SEE DEBT PEOPLE.
The best answer to your problems?
= Personal responsibility.
Wis/min
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On the border
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Let's see what their new "Democracy" actually is before the cheering begins.
Mpilar
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Quote:
"A large number of Americans - many of whom are MULTIMILLIONAIRES, have decided top stop contributing their fair share to run our government and provide for the people. This essentially means, they want old people on Social Security to die...they want hungry families to starve to death...and people to freeze with no electricity. All after making enough money for themselves that they don't need to work and will instead protest the valid function of government. Will you allow these SELFISH people to attempt an overthrow of this democratically elected government??"


Something similar is what will come out of the mouths in DC as soon as a protest like the one in Egypt is attempted here. Followed promptly by the bloodshed we would all like to avoid.

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Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. H. L. Mencken
Joejohns
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Nothing is certain in life.

You take it as it comes.

Cheers to them , if some others who benefited by keeping the boot on their neck are troubled , well cry me a RIVER sonny!
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