Shifting the blame from Left to greed

Blaming greed for failed leftist policies

Donald Hank

The Pope has said, over the Christmas holiday, that the world must overcome greed to get through the current economic crisis.

With all due respect for the Pope, whose stance on social issues are to be applauded, both Protestantism and Catholicism, while blaming greed, have failed to grasp the nature of the Left and its role in crises such as the financial and economic crises gripping the world.

The CRA (Community Reinvestment Act, passed under Jimmy Carter) and the way it was enforced, including the role of ACORN, played a major role in bringing down the banks. Generally, the trend to lend money, particularly mortgages, to people with no down payment and even without proof of employment, goes against all common sense and good banking practice, which has been in place since the beginning of time and throughout the world, and has proved disastrous. And yet so many are in denial, even to the utterly absurd point of casting all the blame on conservative policies and seeing the Democrats as being more economically astute and hence capable of pulling us out of the current crisis of their own making — sort of like Clinton “reforming” the failed welfare created by his party. Anyone paying attention in the years since 1995, when Clinton ordered the banks to lend a trillion dollars to “underserved communities,” would have been able to foresee this collapse. Some actually did, including a New York Times writer in 1999.

I suppose it could be argued that the Left, in its own way, represents greed, but it is probably more appropriate to call it ideologically motivated rather than greedy. Ideological motivation, rather than common sense, has caused the greatest destruction known to man — under Stalin, Mao, Pol Pot, etc.

None of these men’s political actions were greed-motivated in the accepted sense of the word. In their decisions that led to the murder and starvation of millions, they were, however, blinded by leftist utopian (revolutionary) ideology — a desire for a better world, for change, and ironically, for a world with less greed.

Ideology killed 100 million innocent people in the last century (see “The Black Book of Communism by Stephane Courtois). No other factor, including greed, has ever done anywhere near that much harm.