As the world economy continues to deteriorate, as the American government continues, in essence, to nationalize the top tiers of business and industry, and as the President-Elect continues to hint that even greater federal intervention is coming, likely in the guise of New Deal-esque programs, I’ve noticed one remarkable common theme among all the rhetoric:  no one is to blame, and no one is responsible.

Politicians and commentators sneer at the idea that borrowers should be blamed for taking on mortgages they couldn’t afford and for failing to inquire into the terms of their loans.  They act as if it’s self-evidently absurd to blame individuals for entering into contracts they aren’t able to honor–and, more fundamentally, that it’s self-evidently absurd to expect any normal person to read his mortgage documents and make whatever inquiries are required to understand them.

Politicians and commentators vilify the “predatory mortgage brokers” that “tricked” so many people into taking loans beyond their means.  But, when Freddie Mac and Fannie Mae, the indispensable facilitators and accomplices of “predatory lenders”  felt the bite of massive defaults, Congress tripped over itself in its haste to bail them out.

What has followed has been wave after wave of “bailouts,” which have taken the form of effective (at least partial) nationalization of major sectors of the American economy.  After all, why should the shareholders of companies like AIG, Citibank, or GM (of which I am one) be blamed for foolish decisions by the management?  It is, politicians and commentators tell us, self-evidently absurd to expect a normal person to be able to monitor the news and the markets, and to make well-researched decisions about what stocks to buy.

President-Elect Obama continues to hint that the path out of this mess will involve continued nationalization of the economy, coupled with a New-Deal type intervention of the federal government as a generator of jobs and a primary employer in its own right.  After all, his aides appear to suggest, it is self-evidently absurd to expect individuals hit by hard times to go through all the hardship of finding a new job in the private sector, or starting their own business, or–heaven forbid–working more than one job to make ends meet.

The common idea underlying all of these facets of the crisis is that “normal” people obviously cannot be expected to be smart enough or knowledgeable enough to be held accountable for important decisions about their own economic lives.  And, as individuals cannot be expected to shoulder this burden, the government must.

The essence of liberty is the right and obligation to shoulder such decisions and to reap all the success or bear all the burden of failure.   But our leaders and our media are at pain to convince us of the “self-evident” fact that normal people are simply not capable of carrying such a load.   That liberty is a burden we cannot carry, and should not want.