http://www.nytimes.com/2008/10/01/us/01midway.html?_r=1&em&oref=slogin

Midway Airport is poised to become the first large privately run hub airport in the country, officials said Tuesday, after an investment group bid $2.52 billion to win rights to a long-term lease.

Almost all commercial airports in the United States are owned and operated by local or state governments, and Midway is no exception. But Midway is eligible for leasing because the city applied to the F.A.A. to take part in an experimental program begun about 12 years ago to explore privatization as a means to generate capital for improvements.

Congress has allowed the agency to permit up to five airports to take part in the program, and if the Midway deal is approved, it will be the first.

Airports in the program are subject to the same federal oversight as public-use airports.

“As the first privatization of a major American airport, this transaction will provide unprecedented benefits for the traveling public, the airlines and the taxpayers of Chicago,” Mayor Richard M. Daley said Tuesday at a news conference here. “For the traveling public, the lease will mean the benefits of a world-class airport operator whose airports have been acclaimed for the range and quality of their amenities and service.”

This isn’t a priviatization as in a capitalist private institution is “priviate.” This is corporatism. The lease is owned by a company which now has a monopoly on that service an a particular area. They are also under the thumb of the federal government so they’ve just privitized the gains. In this case this priviatization may lead to a better result if completely cut from local interference or money. If they are being paid by the government in any way they will likely ripoff the taxpayer.

As Anthony Gregory posted over at LewRockwell.com/blog yesterday:

Now the pundits and historians are beginning to compare Bush to Hoover, for supposedly not doing enough and thus letting the collapse happen. LRC readers know the truth about Hoover, that it was his big-government response to the market crash that began prolonging and deepening the depression before FDR ever got to office.

If the hyper statist Bush regime is remembered for being too inactive, both in domestic and foreign policy, it portends bad things for the future of America and the way Americans perceive our nation’s history. As I mused on LRC back in 2004, “The worst likely outcome would have Bush going down in history the way Herbert Hoover has: a clueless, “laissez faire conservative” who refused to increase government activity sufficiently in the face of a national crisis.”

Also in one of my first articles, I wondered if any pro-war libertarians would have supported the New Deal. We might just find out.

The far left is truly deluded but truly believe Bush and company are capitalists and what they propose is free market capitalism. That what we have now is free market. That he wasn’t energetic enough. If that belief catches on with the general public we are in for far more hurt than this liquidation alone would inflict.

• Handed out about 100 half page fliers with one side information about Rothbard’s The Case Against the Fed and the other Hazlitt’s Economics in One Lesson. Photos of the book cover, description and links to online versions and audio books. People snatched them up real quick. One woman was a freegan. She told me she doesn’t buy books to save trees, has a computer or at least access to one, no digital audio player, but yet still took everyone’s fliers… including mine.
• Almost every person their was anti-capitalist. Everything I heard told me they were in fact anti-corporatist. As you see in the footage they, like many on the left, incorrectly label what currently exists in the Western world as capitalist.
• I spoke with an employee of Revolution Books who was a Marxist. He believed in the end goal of stateless communism but said a state was needed to get there. Seems a bit contradictory to me. He didn’t like when I asked if he was a statist as he reminded me that communism doesn’t have a state. I tried to explain to him that it was incorrect to call what the USA economy is as capitalist and that if he was non-violent he would find allies in the anarcho-capitalist camp. He wasn’t familiar with Rothbard or ALL which I found unfortunate but he was receptive to learning about them. I’ll be sending him some links.
• I ran into Chris Maloney. He’s written some articles on Mises.org and LewRockwell.com.
• Explained to a young 20 something y/o woman who had shown up to find out more about what was going on. I explained to her how the Federal Reserve works, how it causes the boom bust cycle and what’s generally going on now.
• They had an open mic and I was real close to taking advantage of it and explaining what capitalism really is and some better reasons to oppose the bailout and the Federal Reserve instead of just complaining about which people gets the stolen goods. I decided that was likely a bad idea.
• Someone gave me an article entitled “No to the Bailout of the Capitalist Speculators! Down with the Dictatorship of Finance Capital!” by The Internationalist. Last I check it wasn’t available on their site. It’s interesting because it has some things I wouldn’t have expected to read such as noting that since 1971 the US dollar is no longer backed by gold. They call out the Socialist Equality party for not being hardcore enough effectively and the Green and Working Families as being “capitalist” parties. The article speaks of the Austrian (not the school but the country) economist Joseph Schumpeter. “Free-market ideologues like to quote the Austrian economist Joseph Schumpeter on the ‘creative destruction‘ unleashed by capitalism on outmoded economic structures. But today, as the wages and living standards of the working people are being steadily eroded, as social programs are drastically slashed, there is nothing creative a bout the destruction unleashed by the wold-be masters of the universe.” The authors really need to recheck what Schumpeter was speaking about, get an understanding as to why the standard of living is being eroded, and acknowledge the fact that what they complain about is in no way, shape or form a free market. Actually… the author and those protesting need to realize that these banks are more regulated than just about any other time period in history and this situation still developed. Regulation is not the answer, removing government control over the money supply is.
• There were lots of Obama buttons around. It was rather entertaining to see hardcore socialist 1 argue with hardcore socialist 2 over how the Democrats and Obama are the enemies of their cause. I, walking around with my Ron Paul, “Taxation is Theft”, “I do not consent to be searched”, etc. pins, found that many people knew of Paul and had generally good things to say in the few words exchanged.
• I was yelled at at one point for moving due to several people with cameras who were filming the back of my bookbag which has a Ron Paul civil flag patch and a “Ron Paul 2008″, Paul and V mask, and 4th Amendment pins. I usually have a gadsden flag like “Don’t tread on me” patch and more pins but I took some off for the Service Nation Summit and have yet to put them back.
• Not directly related but a coworker is leaving my firm Friday and so we went out to lunch. During which I got to pretty much fully explain the full Austrian School of economics’s position on what’s going on. Needless to say several of my coworkers who I don’t typically talk with were fascinated. They didn’t seem to trust a transition to a commodities based system… giving me “what about the guy who chooses the wrong commodity? do you really want people bothered with deciding on a common currency?” type arguments. They also has hangups on acknowledging or accepting the inherent harm central banks cause and underestimated the influence artificially cheap debt has.

Update: CNN’s coverage of the event, some photos

So why did I choose the wrong rally? From LewRockwell.com/blog:

Writes Jim Sheehan: “I just walked by the New York Stock Exchange. Hundreds of demonstrators have gathered to protest the government’s bailout of Wall Street. Several were holding placards that read ‘Stop the bailout! Read The Road to Serfdom by FA Hayek. Read mises.org.’ They were also handing out copies of Ron Paul’s 2002 speech introducing his bill to eliminate subsidies to Fannie Mae and Freddie Mac. Keep up the good work!”

I’m not sure where this was advertised but the NYC Campaign for Liberty Meetup.com event listed the Bowling Green but I didn’t notice anyone familiar when I showed up at 4PM. Oh well. Hopefully some of those who I handed info to will actually read one of the suggested books. If it’s one thing many of those lefties need is an overview of economic theory.

Can you smell that? Is that the smell of constitutionally limited government?

Nope… it’s corporatism/fascism^1,2,3,4,5 and the rising police state^1,2,3.

Ah well. Even if the current state of affairs are less than desirable and the US Constitution not a perfect document… it’s sure a lot better than what we’ve got now.

Daily Paul posted this:

If you remember back to last year, Constitution day was the start of the Ron Paul Presidential Campaign’s “Fill the Quill” initiative. Does anyone else remember that? They were looking to garner a total of 1787 donations - they weren’t even counting how much they raised (!!) only how many dontations they received. AND they were recording the number of donors in real time. This was a precursor to the money bombs, and it was this real-time reporting technology that made it possible! Looking back, it seems like a lifetime ago now, doesn’t it? Share any of your memories below.

Well, there is plenty to look forward to on this Constitution day. Let’s give Ron Paul some company in Congress!

1. BJ Lawson, running for Congress in NC 4, is having a money bomb.
2. John Cunningham, running for Congress in MA 7, is having a money bomb.
3. Today is the Liberty Straw Poll! Buy your ticket ($10), listen in to the debates between the candidates and vote! The winners get the money for their campaigns! The debate will be hosted by Kurt Wallace, with round table discussion provided by Tom Woods and Jack Hunter (the Southern Avenger).
4. Check out MA Questions 1 and 2, to eliminate our state income tax and decriminalize marijuana. If you don’t live here in Taxachussets, you might think this doesn’t apply to you. But if you can help us pass these two citizens initiatives, it will make it that much easier for you to pass the same ones in your state next year! So lend us your support!

Thank you, and happy Constitution Day!

Good luck Massachusetts residents.

http://opinion.latimes.com/…

The U.S. Department of Agriculture doesn’t want to test more than 1% of cattle for mad-cow disease, and it doesn’t want anybody else to do it either. Who cares about customers and the companies that might want to please them? The USDA won its appellate round in court; justices ruled that the agency had the authority to stop beef producer Creekstone Farms from testing under a nearly century-old law that was intended to keep cattlemen from feeding bad medicine to their animals.

With the feds unwilling to do more consumer protection and private industry unable to, what happens now? The case heads back to the lower court, which could still rule in Creekstone’s favor under other arguments — for example, if it found that the USDA was arbitrary or capricious in stopping Creekstone. Truth is, the agency’s decision wasn’t really either of those. It’s simply wrong-headed and panders to the larger beef industry that doesn’t want Creekstone giving it competition that might push other producers into doing the same.

The testing might well be unnecessary, as the USDA argues. But it’s not going to hurt the meat, so what’s USDA’s beef with catering to people who worry about such things and are willing to pay the little extra for peace of mind?

It’s for your own good. It’s for your own good. It’s for your own good.

Even if the USDA is correct and the testing unnecessary how could anyone advocate the restriction? If Creekstone Farms goes under due to higher beef costs… so what?