Now that we finally have some people understanding the truth beyond how our monetary system actually operates (yes, the Keynesian model is 100% true and what we use), this is a good article on Economics and Morality. It is a HuffPo interview with Paul Krugman, but the idea is important. The truth is.. when it comes to government finances, it is all about politics. Our government technically has no real means to live beyond. Quick excerpt:
Your detail of the conservative would be of the most backward and pathological "ethical" conservative - but not of the free-marketers, who are simply not ethical conservative.
Do explain. Conservatives consistently advocate for smaller government and lower spending. Those who need services are on their own. Also, how do you explain the seemingly reverse theology when it comes to Authoritarian conservative foreign policy? Big military, big guns, and "punishing others" for doing wrong across the globe.
That sort of things falls more closely in line with real conservative ethos which existed before capitalism, although this is obviously exaggerated by U.S. pathology characterized by psychopathic hypervigilance. Free-marketers, money-obsessed types, and capitalists go to the point of advocating having little-to-no government at all, up to and beyond what would be detrimental to the "family unit." In adopting capitalist/free-market ideology to it's logical extreme, those who would otherwise be conservative destroy their own values and any structure that might support them - and it isn't suprising such a combination would have said result, since in reality the conservative's values are based on external enforcement, which capitalists, many of them more psychologically integrated than the common conservative of lesser development, deny legitimacy to. Conservatives want to be made to do the right thing - but capitalists do not. But it isn't surprising that U.S. conservatives now lean toward extreme capitalism to their detriment when that is what has been advocated by authority figures. That being said, I would characterize modern democrats as being corporate puppets the same as the Republicans, but playing the other side.
