"Part of people’s concern is just the sense that around the world the old order isn’t holding and we’re not quite yet to where we need to be in terms of a new order that’s based on a different set of principles, that’s based on a sense of common humanity, that’s based on economies that work for all people."
OMG he’s dumber than I thought! First of all, economies never have and never will work for all people – because they can’t. The very nature of an economy depends on and is premised on inequality. There must be inequality between the entrepreneurs – the drivers of the economy – and the workers – the recipients of the advantages of the economy.
Economies were invented by the Industrial Revolution. They did not exist prior to the late 1700s. It wasn’t until 1776 that Adam Smith identified them and defined them. An economy is based on the concept of creating wealth by investing in machines, labor, and – most importantly – ideas. But the ideas don’t come from the workers. They come form entrepreneurs.
The entrepreneur has a dream, a vision, a purpose. Henry Ford was an entrepreneur. William Randolph Hearst was an entrepreneur. Steve Jobs and Steve Wozniak were entrepreneurs. Entrepreneurs create the economy, but they can’t make the economy work without workers. And the workers must of necessity be subservient to the plans and directions of the entrepreneur. Our disastrous experience with the Labor Union experiments of the last century has taught us the folly of allowing the workers to make management decisions.
Secondly, an order based on "a sense of common humanity" is a redundancy. Every human order (outside of government) is based on a sense of common humanity. Whether you’re retailing products or manufacturing women’s wear, your primary focus is on common humanity, because that’s the third leg of an economy – the consumer. If you don’t address the common humanity of your customers, you’re going to go out of business.
Since "an order based on a sense of common humanity" has prevailed in the United States and the industrialized world for the last 200 plus years, what in thunder was the President talking about? If you appreciate the fact that President Obama has no idea of how or why an economy works, or of what it does, or even of what an economy is, you will understand that "a sense of common humanity" is a catchphrase for collectivism – and for its enablers Marxism (abolition of private property) and Socialism (abolition of exeptionalism).
The "new order" the President is touting is the same old order that nearly destroyed Plymouth Colony in 1620, that did destroy New Harmony Indiana in 1825, that has destroyed Cuba and North Korea and Detroit, and that is in the process of destroying California even as I’m writing this.
But the most telling indication of the President’s insulation from reality is his initial assertion that "the old order isn’t holding." News flash, Mr. President. There is no such thing as an "old order." There is only the current order, continually evolving and adapting to the constantly changing requirements of survival. You cannot freeze human initiative in time. It is a continuously shifting kaleidoscope of incentive and innovation and improvisation. You can’t even analyze it in real time – let alone control it! All the government can ever possibly do is impede it.