A twentieth-century repetition of the mistakes of ancient Rome would be inexcusable.Rome was eight and a half centuries old when the poet, Juvenal, penned his famous tirade against his degenerate countrymen. About 100 A.D. he wrote: “Now that no one buys our votes, the public has long since cast off its cares; the people that once bestowed commands, consulships, legions and all else, now meddles no more and longs eagerly for just two things, bread and circuses.” (Carcopino, Daily Life in Roman Times [New Haven, Yale University Press, 1940], p. 202.) Forty years later, the Roman historian, Fronto, echoed the charge in more prosaic language: “The Roman people is absorbed by two things above all others, its food supplies and its shows.” (Ibid.)

Here was a once-proud people, whose government had been their servant, who had finally succumbed to the blandishments of clever political adventurers. They had gradually relinquished their sovereignty to government administrators to whom they had granted absolute powers, in return for food and entertainment. And the surprising thing about this insidious progression is that, at the time, few realized that they were witnessing the slow destruction of a people by a corruption that would eventually transmute a nation of self-reliant, courageous, sovereign individuals into a mob, dependent upon their government for the means of sustaining life.

There are no precise records that describe the feelings of those for whom the poet, Juvenal, felt such scorn. But using the clues we have, and judging by our own experience, we can make a good guess as to what the prevailing sentiments of the Roman populace were. If we were able to take a poll of public opinion of first and second century Rome, the overwhelming response would probably have been—“We never had it so good.” Those who lived on “public assistance” and in subsidized rent-free or low-rent dwellings would certainly have assured us that now, at last, they had “security.” Those in the rapidly expanding bureaucracy—one of the most efficient civil services the world has ever seen—would have told us that now government had a “conscience” and was using its vast resources to guarantee the “welfare” of all of its citizens; that the civil service gave them job security and retirement benefits; and that the best job was a government job! Progressive members of the business community would have said that business had never been so good, that the government was their largest customer, which assured them a dependable market, and that the government was inflating currency at about 2 per cent a year, which instilled confidence and gave everyone a sense of well-being and prosperity.

And no doubt the farmers were well pleased too. They supplied the grain, the pork and the olive oil, at or above parity prices, for the government’s doles.

The government had a continuous program of large-scale public works which were said to stimulate the economy, provide jobs and promote the general welfare, and which appealed to the national pride.

The high tax rates required by the subsidies discouraged the entrepreneur with risk capital which, in turn, favored the well-established, complacently prosperous businessman. It appears that there was no serious objection to this by any of the groups affected. An economic historian, writing of business conditions at this period, says, “The chief object of economic activity was to assure the individual, or his family, a placid and inactive life on a safe, if moderate, income . . . . There were no technical improvements in industry after the early part of the second century.” There was no incentive to venture. Inventions began to dry up because no one could reasonably expect to make a profit out of them.

Read the Whole Article

The post Of Bread And Circuses appeared first on LewRockwell.

A twentieth-century repetition of the mistakes of ancient Rome would be inexcusable.Rome was eight and a half centuries old when the poet, Juvenal, penned his famous tirade against his degenerate countrymen. About 100 A.D. he wrote: “Now that no one buys our votes, the public has long since cast off its cares; the people that once bestowed commands, consulships, legions and all else, now meddles no more and longs eagerly for just two things, bread and circuses.” (Carcopino, Daily Life in Roman Times [New Haven, Yale University Press, 1940], p. 202.) Forty years later, the Roman historian, Fronto, echoed the charge in more prosaic language: “The Roman people is absorbed by two things above all others, its food supplies and its shows.” (Ibid.)

Here was a once-proud people, whose government had been their servant, who had finally succumbed to the blandishments of clever political adventurers. They had gradually relinquished their sovereignty to government administrators to whom they had granted absolute powers, in return for food and entertainment. And the surprising thing about this insidious progression is that, at the time, few realized that they were witnessing the slow destruction of a people by a corruption that would eventually transmute a nation of self-reliant, courageous, sovereign individuals into a mob, dependent upon their government for the means of sustaining life.

There are no precise records that describe the feelings of those for whom the poet, Juvenal, felt such scorn. But using the clues we have, and judging by our own experience, we can make a good guess as to what the prevailing sentiments of the Roman populace were. If we were able to take a poll of public opinion of first and second century Rome, the overwhelming response would probably have been—“We never had it so good.” Those who lived on “public assistance” and in subsidized rent-free or low-rent dwellings would certainly have assured us that now, at last, they had “security.” Those in the rapidly expanding bureaucracy—one of the most efficient civil services the world has ever seen—would have told us that now government had a “conscience” and was using its vast resources to guarantee the “welfare” of all of its citizens; that the civil service gave them job security and retirement benefits; and that the best job was a government job! Progressive members of the business community would have said that business had never been so good, that the government was their largest customer, which assured them a dependable market, and that the government was inflating currency at about 2 per cent a year, which instilled confidence and gave everyone a sense of well-being and prosperity.

And no doubt the farmers were well pleased too. They supplied the grain, the pork and the olive oil, at or above parity prices, for the government’s doles.

The government had a continuous program of large-scale public works which were said to stimulate the economy, provide jobs and promote the general welfare, and which appealed to the national pride.

The high tax rates required by the subsidies discouraged the entrepreneur with risk capital which, in turn, favored the well-established, complacently prosperous businessman. It appears that there was no serious objection to this by any of the groups affected. An economic historian, writing of business conditions at this period, says, “The chief object of economic activity was to assure the individual, or his family, a placid and inactive life on a safe, if moderate, income . . . . There were no technical improvements in industry after the early part of the second century.” There was no incentive to venture. Inventions began to dry up because no one could reasonably expect to make a profit out of them.

Read the Whole Article

The post Of Bread And Circuses appeared first on LewRockwell.