Posted tagged ‘Capitalism’

Must Reads For The Week 8/18/19

August 21, 2019

“The coordination of men’s activities through central planning or through voluntary cooperation are roads going in very different directions, the first to serfdom and poverty, the second to freedom and plenty.” – F. A. Hayek

 

THE GUN ISSUE

The Dangerous Urge To Do Something, by Judge Andrew Napolitano, at townhall.com.        Wanting the government to “do something” after a tragic situation, almost always leads to a “ready, fire, aim” government solution.

Here is an excerpt from the article:

“The government’s job is to preserve personal liberty. Does it do its job when it weakens personal liberty instead? Stated differently, how does confiscating weapons from the law-abiding conceivably reduce their access to madmen? When did madmen begin obeying gun laws?”

“The concept of a “red flag” law — which permits the confiscation of lawfully owned weapons from a person because of what the person might do — violates both the presumption of innocence and the due process requirement of proof of criminal behavior before liberty can be infringed.

The Republican proposal lowers the standard of proof to a preponderance of the evidence — “a more likely than not” standard. That was done because it is impossible to prove beyond a reasonable doubt that an event might happen. This is exactly why the might happen standard is unconstitutional and alien to our jurisprudence.

Red Flag Laws & Mass Shootings: Wrong Solution, by Thomas Massie and John Lott, nationalreview.com.       Remember the false accusations brought against Brett Kavanaugh? What about the false Trump Russia collusion accusations? When an issue becomes politicized, the rule of law goes out the window and the only rule is, win by any means necessary.

Since nothing is more politicized than your Second Amendment right to own arms in order to protect yourself against tyrannical government (not your right to hunt); Do you want the give anyone on the anti-gun left the power to take away your arms on a knowingly false accusation? A false accusation they pay no consequence for bringing?

Individuals in government are attempting to take away your Second Amendment right to keep and bear arms. As well as your Fifth Amendment rights of due process, the presumption of innocence, as well as taking property without compensation.

Does the fact that individuals in government are attempting to violate your rights, constitute tyrannical actions? Our Constitution is what protects the individual from the tyrannical actions that individuals wielding government power wish to place on us. This is the reason for the Second Amendment in the first place. Our founders understood that government will become tyrannical unless its power was constrained. And arming the people is a constraint on tyrants.

Excerpt from the article:

“While Trump emphasized mental health in last week’s speech about the Texas and Ohio shootings, red-flag laws are not specifically about mental illness. Indeed, only one state law even mentions the term. It’s about figuring out who is going to commit a crime (or suicide). This is the realm of science fiction, and is the theme of the Tom Cruise movie Minority Report. At least the Future Crime division in the movie had the help of psychics.”

“Everyone wants to stop mass public shooters. But we haven’t previously punished people on the basis of little more than a hunch, without any specific guidelines in place. Stopping “future crimes” didn’t work in the movies, and it doesn’t work in real life.

Armed Firefighter Stops Gunman At Missouri Walmart, at firefighternation.com.     Did you see this covered by the main stream media? Neither did I. A good guy with a gun stops a bad guy with a gun. When the $#!+ hits the fan, you are the first responder. Cops are second responders. The quicker a good guy with a gun can respond to an active shooter situation, fewer people will get killed or injured. Read (New FBI Data On Active Shooters Shows The Importance Of Armed Citizens, by David French at nationalreview.com.)

SCOTUS Is Considering Hearing This 2A Case…. Dem Senators Aren’t Happy, by Beth Baumann, at townhall.com.      Excerpt from the article:

“The Senators who signed alongside New York City include Sheldon Whitehouse (RI), Mazi Hirono (HI), Richard Blumenthal (CT), Dick Durbin (IL) and Kirsten Gillibrand (NY).”

“According to the group, the Supreme Court should not take up this case because the plaintiffs – gun rights advocates – are looking to “thwart gun safety legislation” and have the desire to “expand the Second Amendment.” The other argument they make: the Second Amendment and gun control is a political issue and the Supreme Court is supposed to be impartial, not a legislative body.”

“Democrats can argue that the Court shouldn’t get involved in political issues, but it’s the dumbest argument they can make. Pretty much every single case the Supreme Court hears is a political issue of some sort. There’s a question of Constitutionality that needs to be addressed. If there wasn’t, the Court wouldn’t get involved.”

“Gun control proponents, like these Senators, are backtracking because they’ve realized they put their foot in their mouth. They’ve realized this case is a big loser for them and it can actually harm their cause.”

 

ECON STUFF

The Rise Of Capitalism, by Ludwig von Mises, at mises.org.   Lets let the great von Mises explain. Here is an expert from the aricle:

“The precapitalistic system of production was restrictive. Its historical basis was military conquest. The victorious kings had given the land to their paladins. These aristocrats were lords in the literal meaning of the word, as they did not depend on the patronage of consumers buying or abstaining from buying on a market.”

“On the other hand, they themselves were the main customers of the processing industries, which, under the guild system, were organized on a corporative scheme. This scheme was opposed to innovation. It forbade deviation from the traditional methods of production. The number of people for whom there were jobs even in agriculture or in the arts and crafts was limited.”

“Under capitalism private property of the factors of production is a social function. The entrepreneurs, capitalists, and land owners are mandataries, as it were, of the consumers, and their mandate is revocable. In order to be rich, it is not sufficient to have once saved and accumulated capital. It is necessary to invest it again and again in those lines in which it best fills the wants of the consumers. The market process is a daily repeated plebiscite, and it ejects inevitably from the ranks of profitable people those who do not employ their property according to the orders given by the public. But business, the target of fanatical hatred on the part of all contemporary governments and self-styled intellectuals, acquires and preserves bigness only because it works for the masses. The plants that cater to the luxuries of the few never attain big size.”

“The shortcoming of 19th-century historians and politicians was that they failed to realize that the workers were the main consumers of the products of industry. In their view, the wage earner was a man toiling for the sole benefit of a parasitic leisure class. They labored under the delusion that the factories had impaired the lot of the manual workers. If they had paid any attention to statistics they would easily have discovered the fallaciousness of their opinion. Infant mortality dropped, the average length of life was prolonged, the population multiplied, and the average common man enjoyed amenities of which even the well-to-do of earlier ages did not dream.”

“However, this unprecedented enrichment of the masses was merely a by-product of the Industrial Revolution. Its main achievement was the transfer of economic supremacy from the owners of land to the totality of the population. The common man was no longer a drudge who had to be satisfied with the crumbs that fell from the tables of the rich.”

“There is a second important difference. In the political sphere, there is no means for an individual or a small group of individuals to disobey the will of the majority. But in the intellectual field private property makes rebellion possible.

The Triumph Of Socialism, by Lew Rockwell, at mises.org.    Excerpt from the article:

“A new BBC poll [reported November 2009] finds that only 11 percent of people questioned around the world — and 29,000 people were asked their opinions — think that free-market capitalism is a good thing. The rest believe in more government regulation.”

“That news must lift the heart of every would-be despot the world over. And it comes as something of a shock twenty years after the collapse of socialism in Russia and Eastern Europe revealed what this system had created: backward societies with citizens who lived short and miserable lives. Then there is the China case, a country rescued from bloody barbarism under communism and transformed into a modern and prosperous country by capitalism.”

“What can we learn? Far from not having learned anything, people have largely forgotten the experience and have developed a love for the ancient fairy tale that all things can be fixed through collectivism and central planning.”

“….. as Rothbard has forcefully argued, free-market capitalism serves no more than a symbolic purpose for the Republican Party and for conservatives. Economic liberty is the utopia that they keep promising to bring us, pending the higher priority of blowing up foreign peoples, jailing political dissidents, crushing the left wing on campus, and routing the Democrats.”

“Once all of this is done, they say, then they will get to the instituting of a free-market economic system. Of course, that day never arrives, and it is not supposed to. Capitalism serves the Republicans the way Communism served Stalin: a symbolic distraction to keep you hoping, voting, and coughing up money.”

“All of which leaves true capitalism — a product of the voluntary society and the sum total of all the exchanges and cooperative acts of people all over the world — with few actual intellectual defenders.”

AOC’s Top Aide Admits Green New Deal About The Economy, Not Climate, by Adam Shaw, at foxnews.com.    This is an admission of what we have known for decades. Socialist central planners have been using the environmental movement to push their collectivist ideas on the masses. They are green on the outside and red on the inside.

What Student Loans And Health Care Have In Common, by Nicholas C. Anderson, at mises.org.   When a third party pays there is no true price discovery.

Money Printing Can’t Replace Saving And Production As The Real Engine Of Economic Growth, by Frank Shostak, at mises.org.    Money printing is supposed to stimulate demand which in turn will lead to economic growth. But consumption doesn’t come before production. A specific something has to be produced before that specific something can be consumed. Production is the increase of wealth. Consumption is the destruction of wealth. Money facilitates the exchange of goods. Excerpt from the article: “money is not the means of payment but just the medium of the exchange. Payment is always done by means of goods and services.”

 

OTHER STUFF

You Should Totally Trust Our Elite Institutions …. Not, by Kurt Schlichter, at townhall.com.   Excerpt from the article:

“Basically, the best-case scenario here is that our government is unbelievably incompetent, not a particularly soothing thought. But the alternative is that it is corrupt and criminal in ways we can barely imagine. There’s an even less soothing thought. I can’t wait until these Einsteins take over my health care and are no longer restrained by the citizen veto of the guns we bitter normal people have, so far, wisely clung to.

The Road To Hell Is Paved With Virtue-Signaling, by Charles Hugh Smith, at oftwominds.com.    Excerpt from the article:

“Virtue-signaling goes hand in hand with the only “solution” that’s politically correct: throw a borrowed trillion dollars at the “problem”, dance the humba-humba around the bonfire at midnight and hope that magic will resolve the underlying issues.”

Hence the calls for Medicare for all, Universal Basic Income, and free college for all, all paid with borrowed money, despite the virtuous bleatings that “taxes on the rich/robots” will magically pay for trillions of additional dollars to be squandered on corrupt, self-serving cartels.”

Chinese Social Credit Score Prevents 2.5 Million “Discredited Entities” Buying Plane Tickets, at zerohedge.com. This could never happen here, could it?

(VIDEO) Hong Kong Protesters Sing US Anthem, With US Flags, Against Chinese Tyranny During Airport Occupation, at americanmilitaryews.com.   America is still the beacon of freedom for the rest of the world.

The Dream Team Loses To The Nobodies, by Victor Davis Hanson, at amgreatness.com.    Excerpt from the article:

“… the comical effort to destroy President Trump was a bad replay of the cultural cluelessness of a haughty Hillary Clinton in the last days of the 2016 campaign—the Ivy League prima donna, ensuring her “landslide” to come by futilely campaigning in Georgia and Arizona, fueled by the “analytics” of her whiz kids, while the orange, combed over, and uncouth Trump at her rear played the fox in her blue-wall henhouse. Was it Ivy League smarts to label roughly one-quarter of the country “deplorables” or to go to West Virginia to tell the impoverished they would have no more coal jobs?”

“There is always a civilizational elite of sorts, one based on merit, and it is often divorced from its counterfeit counterpart predicated on aristocracy, credentials, titles, and privilege. Real elites from all walks of life are rewarded for their singular achievement not for their empty reputations and media hype.”

“The last three years have been a painful relearning of that most obvious but forgotten truth that it is what we do rather than who we say we are that truly matters. That the lesson was lost on self-described egalitarians and social justice warriors is the most ironic lesson of all.

Cruz Unloads On The New York Times After Leaked Report Shows They Allegedly Planned To Push Trump-Racism Narrative, by Madison Dibble, at ijr.com.    More proof of main stream media bias. But we’ve known this for years.

Ignorant Liberals Need To Go Visit America, by Kurt Schlichter, at townhall.com.    Excerpt from the article:

“Locked up in their largely child-free urban playgrounds, our garbage elite is utterly unaware of the real America and of real Americans themselves. And it is dangerously unaware of – even actively hostile to – our true history. There are lessons there they need to learn as they continue to bully and provoke the mass of Americans who just wish to be left alone. Anyone who causally suggests confiscating millions of weapons from millions of American patriots and who has not walked through Lexington and Concord is a fool. And, sadly, our blue elite is full of fools.

UK PC Police “Draw The Line” – Ban Cream-Cheese & Car Ads Over ‘Gender Stereotypes‘, at zerohedge.com.   This could never happen here, could it?

El-Erian Admits The Era Of “De-Globalization” Is Here, at zerohedge.com.    Excerpt from the article:

“The U.S. economy is strong; however, the multinationals on Wall Street – invested overseas – are exposed. Thus there’s a disconnect and accompanying market volatility.”

“There is nothing that China and the EU can do to stop the de-globalization process: and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.”

President Trump has purposefully stalled the process of globalization, and is resetting global supply chains. This is bringing massive amounts of wealth back into the United States.”

Don’t Be Fooled, Omar and Tlaib Maliciously Set Up Israel Ban, by Katie Pavlich, at townhall.com.    These two are always in search of mischief. Especially when it comes to Israel.

Rep. Tlaib Rejects Israel’s New Offer To Visit West Bank, at zerohedge.com. She said she wanted to visit her grandmother. Israel called her bluff. She folded her cards. Israel raked in the chips.

How Important Is Today’s Racial Discrimination, by Walter E. Williams, at jewishworldreview.com.   Walter Williams dealt with real discrimination when he grew up. Read what he has to say about the subject.

 

SATIRICAL HEADLINES

Facial Recognition Software Mistook 1 in 5 California Lawmakers For Criminald, Says ACLU. So, They’re Saying It Works, Then? at daviddrakesplace.blogspot.com.

Bernie Sanders Arrives In Hong Kong To Lecture Protesters On How Good They Have It Under Communism, at babylonbee.com.

Report: King George Really Regretted Not Imposing Red Flag Laws On Deranged American Colonists, at babylonbee.com.

America Offers To Trade All Of Its Communists For Democratic Protesters In Hong Kong, at babylonbee.com.

God Demands America Remove ‘In God We Trust’ From Currency, at babylonbee.com.

Women Who Don’t Believe Israel Has Right To Exist Not Sure Why They Got Banned From Israel, at babylonbee.com.

Bill Clinton: Epstein’s Cause Of Death Depends On What Your Definition Of ‘Suicide’ Is, at babylonbee.com.

Shooter Walks Free As Police Tackle, Arrest AR-15, at babylonbee.com.

Biden Clarifies: ‘ I Like All Races, Even The Bad Ones’ , at babylonbee.com.

California Mandates Conversion Therapy For Straight Kids, at babylonbee.com.

 

CARTOONS

From theburningplatform.com.

 

Political Cartoons by Michael Ramirez

 

Political Cartoons by Chip Bok 

 

Political Cartoons by Chip Bok

 

Political Cartoons by Steve Kelley

Political Cartoons by Pat Cross

 

 

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Must Reads For The Week 4/6/19

April 9, 2019

“The coordination of men’s activities through central planning or through voluntary cooperation are roads going in very different directions, the first to serfdom and poverty, the second to freedom and plenty.” – F. A. Hayek

 

Capitalism (aka) Self-Ownership Is The Only Moral Economic System, by Gary Galles, at mises.org. Private property rights and voluntary exchange are the foundation of free market capitalism. Property rights means you own what you produce. Voluntary exchange means each individual can exchange what he produces for what another individual produces under the terms which they mutually agree, with no intervention from third parties  Excerpt from the article:

“As Ludwig von Mises explained it, private property is the basis for “joint action and cooperation in which each participant sees the other partner’s success as a means for the attainment of his own,” in sharp contrast to any “us versus them” zero- or negative-sum view of social interaction which treats someone’s gains as others’ losses. In capitalism (which is actually inconsistent with the government created or enabled crony capitalism we see all around us), even those who would be tyrants, if given the opportunity, must focus their efforts on providing willing service to others to induce their voluntary cooperation. In contrast, the drive for power that animates these Democrat Presidential hopefuls who condemn a capitalism they plainly don’t comprehend would increasingly turn others into their unwilling servants.

The Socialist Fantasy, by John Stossel, at townhall.com. Socialism is government ownership of the means of production. But what do you call a system where government, although allowing property rights, controls what you can do with what you produce through rules, regulations and confiscation via taxation? Crony capitalism or crony socialism. We do not have free market capitalism in the US right now. We have a hampered market. But Government central planners don’t have to own the means of production to wreck an economy. All they have to do is increase their interference, and eventually a country’s standard of living starts to decrease. Even though government intervention isn’t the definition of socialism, government intervention is the road which leads to”serfdom and poverty”.

How Countries Fall Into The Welfare Trap, by Antony P. Mueller, at mises.org. Excerpt from the article:

“People like the welfare state because they suppose that it comes at no costs and provides many benefits. If people knew how much the present consumption of social benefits entails less prosperity in the future, the population would have a critical attitude towards the welfare state and politicians would have a harder time selling their fraud. Just as a society that ranks security over liberty loses both, a society that attributes a higher value to social benefits than to wealth creation ends up with neither wealth nor benefits.”

Liberalism’s Last Stand – Brexit, by Tom Luongo, at tomluongo.me.    Brexit is a modern-day version of the American Revolution. Only this time it is the British people who don’t want to take orders from the bureaucrats in the European Union. Adding another layer of bureaucratic intervention on top of what exists already in the British government was a bridge too far. The people have spoken. But the bureaucrats in Brussels don’t want to give up their power. Just like King George didn’t want to give up his power over the colonies. Excerpt from the article:

“Now with the European Union facing a populist uprising across the continent they have reached the turning point with Brexit. And the conundrum is enormous.”

“Brexit is the single most important political event of this century……So, paying close attention to it is important. That’s why it has so divided people. It represents an existential threat to the inevitability of modern liberalism. The European Union is the symbol of that inevitability. Because once that inevitability is breached the EU will begin to unravel before our eyes.”

Electoral College: Why We Must Decentralize Democracy, by Ryan McMaken, at mises.org. The articles above show us why we need the Electoral College. Power needs to be taken away from government and dispersed to the individual. Politicians and bureaucrats always want more power. The history of the 20th century shows what happens when power is centralized. Stalin, Hitler, Mao, Pol Pot, Castro! Oh that’s right….it can’t happen here. The left is afraid of Trump abusing power just as the right was afraid of Obama abusing power. Shouldn’t both sides agree that the government has too much power if an abuse of power by the person holding the seat could harm them.

The Recycling Movement Fails, by Michael Shedlock, at lewrockwell.com.  After decades of being guilt tripped into recycling, we are finding out that it is too costly.

Goodbye To The Internet: Interference By Governments Is Already Here, at zerohedge.com. Excerpt from the article:

“Government regulation combined with corporate social media self-censorship means that the user of the service will not know what he or she is missing because it will not be there. And once the freedom to share information without restraint is gone it will never return. On balance, free speech is intrinsically far more important than any satisfaction that might come from government intrusion to make the internet less an enabler of violence. If history teaches us anything, it is that the diminishing of one basic right will rapidly lead to the loss of others and there is no freedom more fundamental than the ability to say or write whatever one chooses, wherever and whenever one seeks to do so.

3 Reasons Why Facebook’s Zuckerberg Wants More Government Regulation, by Ryan McMaken, at mises.org. The three reasons are 1) Regulations will give Facebook more monopoly power. 2) Zuckerberg and Facebook will help write the new rules. 3) Regulations will limit Facebook’s legal exposure. Big business wants government regulation because regulations make it more difficult for start-up companies to succeed. When a business gets big, it no longer supports competition. It seeks monopoly power. Which can only be granted by Big Government.

The Air Bag Body Count Upticks – And Will Again, by Eric Peters, at ericpetersautos.com. Government central planners work for their own self interest. Excerpt from the article:

“There are hundreds of thousands of cars in circulation with air bags Uncle knows are defective; knows have killed and so – great leap of logic – are probably going to kill again.”

“Yet Uncle does not hurl a fatwa granting permission for the people who were forced by Uncle to buy these air bags to even temporarily disable them until they can be replaced with new air bags that may also kill them, but which at least aren’t known to be defective.”

“But remember when VW was forced to park vast fleets of perfectly safe – and clean – diesel-powered cars (the entire 2016 model year run) on account of “cheating” on EPA emissions certification tests. These cars never hurt anyone – or even the environment – but Uncle went ballistic. Because he’d been hurt.

States Sue Trump Administration Over Changes To Michelle Obama’s School Lunch Standards, by Jana J. Pruet, at theblaze.com. Why didn’t they sue when Michelle Obama interfered with school lunch standards in the first place?

The Latest Scheme To Turn Gun Owners Into Criminals, at zerohedge.com. The gun grabbers never give up.

Resisting Born-Alive Bill, Democrats Are Desperate To Hide Truth About Abortion, by Georgi Boorman, at thefederalist.com. If a blob of tissue is born alive, is it still considered a blob of tissue or is it a baby? Here is the best line from the article. “Legal abortion is fundamentally a mother’s entitlement to kill her child….They actually believe that abortion is the right to a dead baby.”

Doctors Are Now Giving Hormone Treatments To Children As young As 8 Who ‘Identify’ As Transgender, by Sara Taylor, at theblaze.com. What about the oath…First do no harm! This is child abuse. An 8 year old doesn’t have the mental capacity to understand what transgender even means.

Ex-Senate Employee Pleads Guilty to Theft Of Personal Data, at seattletimes.com. Petty tyrants use intimidation to get what they want.

Jury Rejects Harry Reid’s Lawsuit Against Fitness Band Maker He Blamed For Injuries, at cbsnews.com. Is anyone surprised that Harry Reid would sue for damages?

Actual Putin Puppets: Moscow Pitting Climate Activists Against American Energy Industry, at zerohedge.com. The USSR backed the peace movement during the cold war. Putin is a former KGB agent. Therefore the Russian government backed the anti-fracking movement. I’m shocked! Russian collusion?

Mueller’s Record Of Framing Innocent People To Protect The Guilty, at zerohedge.com. This article tells of the abuses of power by unelected bureaucrats (deep state). This is an eye opening article.

With Mueller Hopes Gone, So Goes Progressive Unity, by Victor Davis Hanson, at amgretness.com. Victor Davis Hanson sums up the Mueller investigation. Great read.

 

SATIRICAL HEADLINES

Venezuela Praised For Achieving World’s First Zero-Hour Work Week, at babylonbee.com.

Alexandria Ocasio-Cortez’s Economics Degree Recalled, at babylonbee.com.

Jussie Smollett Receives Prestigious NAACP Award For His Work Creating Jobs For Nigerian-Americans, at babylonbee.com.

Unsure What ‘Heartbeat’ Is, Hollywood Actors Come Out Against Heartbeat Bill Just To Be Safe, at babylonbee.com.

Man Arrested While Attempting To Smuggle Dhick-Fil-A Sandwich Into San Antonio Airport, at babylonbee.com.

Moved By Sight Of Homeless Man Asking For Food, Local Christian Prays Light Would Turn Green, at babylonbee.com.

Trump: ‘Any Shooting Actually Inspired By Me would Have Left Thousands Dead, at theonion.com.

 

CARTOONS

From theburningplatform (more classics here)

Political Cartoons by Michael Ramirez

Political Cartoons by Gary Varvel

 

Political Cartoons by Tom Stiglich

Political Cartoons by Michael Ramirez

Political Cartoons by Chip Bok

Political Cartoons by Gary Varvel

Political Cartoons by Pat Cross

 

The Model For Obama And The Pope? North Korea

October 2, 2015

The Burning Platform (click here) shows us that the Pope and President Obama would consider North Korea a perfect model for every nation to follow if we want to stop global warming. Electrical usage in North Korea has decreased since 1980, while South Korea’s electrical usage since 1980 is 14 times greater. We all know that electric power is produced by carbon based fuels, which emit CO2, which is used by plants along with water and sun light to make sugar for the plants and oxygen for us. Wait a second! Does using electricity produce oxygen?

 

DO AS I SAY, NOT AS I DO

I have a question for the Pope and the President. If everyone followed your examples and spent their days pontificating or bloviating about poverty; Who would produce all the stuff that you want us to give to the down trodden? It’s hard to give something away that doesn’t exist. Production comes before consumption. The Pope should know this from reading Genesis 4:19 “By the sweat of your brow you shall eat bread.” And President Obama should know this from reading Karl Marx, “From each according to his abilities, to each according to his needs“.

The people who rail against capitalism, do it under all the comforts that capitalism has produced. They are ignorant of the processes that allows them to do what they do, because they’re born in the middle of the story.

Political Cartoons by Nate Beeler

Here is a great article by Mark J. Perry at Carpe Diem Blog titled What Four Previous Popes Had To Say About Socialism. Needless to say they didn’t give socialism glowing reviews.

Related ArticleWhat Comes First Production Or Consumption, at austrianaddict.com.

Related ArticleWe’re All Born In The Middle Of The Story, at austrianaddict.com.

Pope: “Capitalism Lacks Morals And Promotes Selfish Behavior”

September 24, 2015

The Pope will address a joint session of congress Thursday morning. Except for about 50 of the members, all will be in agreement with the Pope’s understanding and dislike of capitalism. Our Congressman and Senator’s anti-capitalist politics comes from being educated in anti-capitalist universities. The Peronist Roots of Pope Francis are the reason for his anti-capitalism politics.

BACKGROUND

Pope Francis was born in Buenos Aires Argentina in 1936. Juan Peron was the President of Argentina from 46-55 and gave his political movement the name Peronism. Peronism rejects the extremes of capitalism and communism and is considered a third way. The Justicalist Party is the party of peronism. Justicalist comes from the Spanish words justicia and social, the English translation being social justice. The Pope’s formative years were during the Peron era. Of course Peronism didn’t go away when Juan Peron was deposed in 1955, the ideology is still alive today. You can read more by clicking on the words above.

SOME DEFINITIONS

Lets start with a few definitions before we talk about the Popes comments about capitalism. Capitalism means private ownership of the means of production. Socialism means state ownership of the means of production. In a capitalist economy decision-making power over the use of capital is dispersed among the people. In a socialist economy decision-making power over the use of capital is concentrated in one person of a small group of people.

Communism and Nazism are examples of state ownership of the means of production. The U.S., as founded, was an example of private ownership of the means of production. Do you think that either Chinese communism or U.S. capitalism, as they exist today, fit the definitions of socialism or capitalism? No! As constituted today they are third ways just like Peronism. Almost all countries are middle grounds moving toward or away from capitalism or socialism. The middle ground between capitalism and socialism is chaotic, just look at the world today.

LETS LOOK AT THE POPES COMMENTS ABOUT CAPITALISM

Pope Francis: “Capitalism lacks morals and promotes selfish behavior.”

Capitalism lacks morals?

Only individuals can be moral. Capitalism is an economic system that is neither moral nor immoral. It’s analogous to Governments. Governments aren’t moral or immoral, only individuals in government can be moral or immoral. The Pope should understand this because Christianity teaches individual salvation. Each individual is reconciled to God through Christ. There is no group salvation.

 

Capitalism promotes selfish behavior?

Every individual by nature is selfish. Does capitalism incentivize {promote} selfish behavior? Since we don’t live in the Garden of Eden (we messed that sweet deal up didn’t we?) where everything exists in abundance, where do all the things we need and want come from? They have to be produced. To get what you want, you can produce it yourself, exchange what you have produced for it, its owner can give it to you as a gift, you can steal it from its owner, or you can have someone else steal it and give it to you in exchange for something they want {your vote}.

In a free market capitalist system you must first produce before you can consume. Capitalism incentivizes production and exchange. In order for you to get what you want from another person you must first produce something that they want and offer it in exchange. You have to give before you receive. Isn’t this the golden rule of Christianity. How can the Pope not see this?

I think the Pope looks at our current middle ground between capitalism and socialism and thinks this is true capitalism. He, like many individuals in positions of power think this way. Their ignorance in and of itself, isn’t a bad thing. It only becomes bad when they enact policies in this state of ignorance. These policies influence and affect the lives of billions of people.

Here is the difference between capitalism and socialism. In a capitalist economic system, the means of production are owned by millions of people who are all selfish. The damage selfish people can do in this system is limited, first because decisions about capital are dispersed among many individuals, and second an individual can only be selfish for a while before he goes broke. In a socialist economy, where the means of production are owned by the state, a small group of leaders make decisions about the means of production. These people at the top haven’t traded in their pitch forks and horns for a halo and wings. The damage these selfish people can do in this system is unlimited, first because the decisions are one size fits all and are disastrous if wrong, and second because they can remain selfish in their pursuits no matter the results.

The Pope needs to stick to his ordained mission of mercy and reconciliation and stay away from economics until he reads Mises, Hayek and Rothbard. Until he does, he is speaking from a position of ignorance about economics. The Pope is not alone in his ignorance. He will be speaking to a group of people today who are in the same state of ignorance about economics as he is.

Watch this short video I posted last week titled, Is Capitalism Moral, by Walter E. Williams, it is informative.

Here are two great articles about the Pope’s ideology.

The Left Has Its Pope, by Thomas Sowell, at jewishworldreview.com.

Pope Francis’ Fact-Free Flamboyance, by George Will, at jewishworldreview.com.

Walter E. Williams: Is Capitalism Moral? via Prager University

September 15, 2015

It is amazing how Walter E. Williams can put so much information about free market capitalism into this five minute video. The amount of insight per word is off the charts. You are going to want to watch this more than once. Thanks to Prager University for this.

Some excerpts from the video:

“The free market calls for voluntary actions between individuals. There’s no coercion.”

“A free market system can only work if there is limited government. Limited government means you and I decide which businesses survive.”

“In a free market the ambition and voluntary effort of citizens not the government drives the economy. That is, people to the best of their ability shaping their own destiny.”

Related ArticleWalter E. Williams: Voluntary vs Involuntary Exchange, or Seduction vs. Rape, at austrianaddict.com.

Related ArticleWalter E. Williams: The Free Market Is Not Allowed To Work, at austrianaddict.com.

 

Must Reads For The Week 2/1/14

February 1, 2014
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

In Defense Of The Mises Institute, at economicpolicyjournal.com. When the New York Times is trying to fudge the truth, ( lie), about the Austrian school of economics, you know you are making progress in educating people about the economic reality of Government intervention into the economy. Keep spreading economic truth and let it work its magic.

Thanks To Capitalism All These Things Fit Into Your Pocket, at Turning Point USA. Thank you Libertarian Girl for sharing this. Look at the photo and think of the cost of all the devices you would need to replace your smart phone. The good news is Government hasn’t found a way to intervene in the technology market and screw it up. Technology changes quicker than the Government can react. Will the technology side of our hampered health care system progress farther and faster than Obamacare can drag it backward?

Video: Free Americans Exercising Their Rights, at libertypenblog.blogspot.com. This is part of the push back by Americans against the growing police state, at the federal, state and local levels.. The rattle of the rattle snake is the warning to the intruder that it is too close, the bite comes when the intruder doesn’t heed the warning. This video is the rattle of the rattle snake, lets hope Government understands these warnings so the  bite never has to happen.

Video: Fox News- NSA Is Illegal and Ineffective, at libertypenblog.blogspot.com. Judge Napolitano’s segment on this video is really good. This is just another reason why people are saying enough, you’ve gone too far.

LA Cop Punches Special Needs Girl, at getholistichealth.com, and Cop Goes Psycho Waiting For McDonald’s, Pulls A Gun On Teen In Drive Thru, at thelibertarianrepublic.com. Thank you Libertas Found for posting these short videos. If we people who have power over you can’t be trusted at the local level, why would you trust people with power at the Federal level?

Video: Get Konnected With The Kronies Action Figures, at kronies.com. Creative spoof of a commercial for krony kapitalist action figures.

76,000 Pounds Of Ribs Burn In Truck Fire, Smell Wonderful, by Tammy Bruce, at tammybruce.com. Nothing smells better than meat cooking over an open flame.

Ted Cruz ‘s Comments Edited Out Of “Face The Nation”, by Shifra, at tammybruce.com. Media bias isn’t shocking anymore, it’s just the reality we live under. But in the information age it’s less of a problem.

Government Schools Are Dinosaurs, by Chris Rossini, at economicpolicyjournal.com. The information age is the biggest threat to the brain washing monopoly Government schools have enjoyed. You don’t have to set one foot in a school or college to receive an education. The bigger point that Gary Vaynerchuk makes in this short video is how technology is going to bring about a big cultural shift that will be difficult for us to see because we are living inside of it. This shift will give power back to the individual with a corresponding decrease in the power of Government. We are living in interesting times.

Romney Care Result: It Takes More Than Two Months To See A Specialist In Boston, at economicpolicyjournal.com. When the Government tries to make something more affordable, the result is a longer wait for worse service at a higher price. Isn’t that the exact opposite of how it works in the free market?

Walter E. Williams; Free Market Capitalism Produces A Higher Standard Of Living For Everyone.

December 25, 2012

Even though it is not planned by any particular person or group of people, the outcome of the free market process can be seen all around us in the incredible standard of living we enjoy. When our country’s main health problem is obesity and not malnutrition, and it seems that everyone owns a cell phone, we are rather well off as a country.

The main problem we face now and moving forward is, will we allow free market capitalism to continue to increase our standard of living, or because we don’t like how wealth is “distributed” as a result of this process, will we (more…)