The streetlights in Dalrymple’s English town are now being switched off every night at midnight. This might at first seem like a fairly minor development, but I can’t help but think that his explanation for it uncovers what is in fact a major problem and one that explains much of what is wrong with the modern world.
Even if it provided no services at all, the council would still run at a deficit if it continued only with its essential business, which is to pay the salaries and pensions of those who work in it, and the various parasitical rent-seekers, like employment lawyers, who live at its expense. And so the bureaucracy (and its hangers-on) does not exist to serve the public, but the public exists to serve the bureaucracy. In the past, the council had reserves to meet its deficits, but these have been run into the ground, and it has therefore had to appeal to other, larger sources of public funds for help, which themselves run on the same great pyramid-principle as that of the town council. Indeed, the whole country, the whole continent, the whole hemisphere is run on that principle.
The root cause of it all? Fiat money. Read the whole piece here.