Thursday, November 06, 2008

Obama Elected, Market Plunges

Obama was elected the day before yesterday and since then the stock market has virtually crashed again. As of this moment, it has lost almost ten percent of what was left of its value.

Meanwhile, we read this at Reason Hit and Run:

Andrew Young predicted that "There would be a boost of 1,000 points on the stock market the first week after he's elected." The Telegraph wondered if a "Barack Obama victory [will] boost shares."

Damn! So I guess he is not the Messiah after all. I'm stunned.

Seriously, it does concern me that people seem to have messianic expectations about this guy. It's part of a wider and more vicious phenomenon, I believe, in which the state serves as the new church, or the new God. More accurately, it's what Nietzsche called it: The New Idol.

"It bites with stolen teeth, and bites easily. Whatever it says is false and whatever it has is stolen." See Thus Spoke Zarathustra, Pt. I Ch. 5. He saw it coming.

People are going to political leaders for things that the should never, ever try to get from the state: a sense of meaning and a sense of personal hope for their lives. These things are your own responsibility. It's bad enough when people run to the state to get money and power over others, but in that case at least the power and the loot are real. The meaning and hope your Fuehrer infuses into your life are utterly false from beginning to end. If you think your Leader lights up your life, my friend, you are only more deeply in the dark. That God is a false God, an idol.

Hat tip to Kathryn Muratore for this video:

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