I realized that conservatism was the philosophy that best suited me, with its emphasis on individual liberty, personal responsibility, and merit.

The oil industry is hardly free to operate as efficiently as it could or to be as responsive to consumer demands as it would like. It has become, in essence, a quasi-state-run enterprise, because it cannot drill, transport, refine, and store fuel without receiving government permission, complying with government regulations, and paying taxes at every level or production.

Consequently, citizen legislators, rotating back to their communities after a short period of public service—considered an indispensable and routine characteristic and design of representative government at the time of the founding, and for a century thereafter—have been replaced with a professional ruling class led by governing masterminds. For the most part, they are isolated from the communities from which they hail and are consumed with the daily jockeying for position and power within their ranks. Moreover, they both pander to and lord over their constituents.

Politicians and bureaucrats are substituting their uninformed, largely political decisions for those of the marketplace. Their past miscalculations demonstrate that they do not and cannot possess the information, knowledge, means, and discipline to manage the economy.

Utopianism also attempts to shape and dominate the individual by doing two things at once: it strips the individual of his uniqueness, making him indistinguishable from the multitudes that form what is commonly referred to as 'the masses,' but it simultaneously assigns him a group identity based on race, ethnicity, age, gender, income, etc., to highlight differences within the masses.

It is folly to believe that Congress and the president, on their own, will make the necessary and difficult decisions to address the impending financial debacle. After all, they and their predecessors engineered the approaching tsunami. As the situation becomes direr, the federal government's actions will grow more oppressive.

Taxation of private property, or the regulation of such property so as to reduce its value, can become in effect a form of servitude.