Posted tagged ‘Socialism’

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

 

 

Must Reads For The Week 4/13/19

April 15, 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

 

Strange Paradoxes Of Our Age, by Victor Davis Hanson, at nationalreview.com. Excerpt from the article:    “From Race, to environmentalism, to wealth, the gulf between ideological rhetoric and reality has rarely been wider.”

“Modern prophets often say one thing and do another. Worse, they often advocate in the abstract as a way of justifying their doing the opposite in the concrete.”

“The result is that contemporary culture abounds with the inexplicable – mostly because modern progressivism makes all sorts of race, class, and gender exceptions for politically correct felonies, an appeasement that ensures an absence of deterrence and thus even more transgressions.”

The Joys Of Socialism: Venezuelans Are Looting Corpses For Jewelry And Bones, at zerohedge.com. More examples of how moving down the road toward government central planning (socialism) produces misery.

Diocletian In Venezuela, at the burningplatform.com. What is happening in Venezuela is nothing new. The Roman empire’s decline was kicked into high gear by the implementation  of big government central planning policies under emperor Diocletian. The Socialist central planning ideas embraced by Democrats, and some Republicans, are no different from the policies implemented by the Roman Empire two centuries ago or Venezuela today. Going down this road leads to the same place. Brexit and the election of Trump are examples of ‘the people’ saying “we need to take the next exit, turn around, and go back the other way.

The Betrayal Of Brexit Is A Mix Of Social Engineering And Mock Elections, at zerohedge.com. Brexit has turned into a battle of wills between our elected betters, and the “benighted masses”. Elected bureaucrats will lie, threaten, use government force and ultimately kill to keep their power. The benighted masses will win as long as they don’t give up.

The Truth About Brexit In 135 Words, at zerohedge.com. This cab driver, a member of the benighted masses, cuts through the anointed’s propaganda, and sums up Brexit for us. “They’re all liars mate. May was a Remainer. How were we going to get a good or deal when our negotiators don’t want to leave? They’ll stall until they can say it’s not what the people want no more……happened in every country that ever wanted a referendum or held one…

Small Businesses Layoff Workers To Comply With Minimum Wage Law, at zerohedge.com. People don’t need an economics degree to understand the economic principle of supply and demand. We live the principle everyday. When the price of an economic good is increased, we buy less. The fact that we are talking about increasing the cost of labor, doesn’t change this common sense principle. Fewer employees will be employed.

Housing Starved San Francisco Shoots Down New Apartment Project Because It Would Cast Shadow On Nearby Park. Again. by Christian Britschgi, at reason.com. Increasing the cost of building apartments, via regulation, fees or delays, means less housing will be supplied. The same principle applies to housing as it does to labor in the above post.

What Went Wrong With Pensions…And Why The Whole World Should Be Worried, at zerohedge.com. Politicians have underfunded these pensions for years. There is not enough principle in these pensions, to accrue enough interest, in order to cover the  benefits promised by politicians. At some point someone is going to have to give something up. It will either be the tax payers through higher taxes or retirees through decreased benefits. Politicians who try to fix this problem will be savaged by the unions and the media. While the politicians who created the problem will never be held responsible.

Thousand Of Elderly Patients Go Blind In Britain Due To Eye Surgery Rationing, by Ashe Schow, at dailywire.com. Healthcare is an economic good. Economic goods are scarce and have to be rationed through some process. Economic goods are rationed by prices in a free market, while they are rationed by bureaucrats in a centrally planned system. More healthcare is supplied in a free market than is supplied in a centrally planned system. Since the U.K. has a nationalized healthcare system, the supply of healthcare will not be enough to keep up with demand. Waiting in line is how scarce resources are rationed in a centrally planned economy.

London’s Uber, Cab Drivers Catch Yellow Vests’ Bug, Rail Against Fossil Fuel Taxes, at zerohedge.com. The climate change hoax will be paid for by the middle class. These are the people who can ill afford to pay for it. The wealthy will be ok and the poor will either be exempted from paying or will be subsidised by tax payers.

Central Banks Are Propping Up Stock Prices, by Thorsten Poleit, at mises.org. Printed money, via artificially low-interest rates, is being pumped into the stock market. This pushes stock prices higher and props them up after they have increased. Money going in to the stock market increases stock prices while money leaving the stock market decreases stock prices. It is simple supply and demand.

Outraged Jews And Supporters Stage Sit-In At Nancy Pelosi’s Office, by Lori Lowenthal Marcus, at saracarter.com. This is what happens when you push identity politics. Eventually protected groups are pitted against each other. I have never understood why Jewish people support the Democrat party since Democrat policies are anti-Israel. The failure of Democrat party leaders to criticize the anti-Semitic comments of Democrat Rep Ilhan Omar is causing many Jews to rethink their support for the Party. This exit from the Democrat party is being called Jexodus. Like Candace Owens’ Blexit movement.

Cory Booker Admits Releasing Migrants In Sanctuary Cities Would “Make Us Less Safe“, at zerohedge.com. In an unrelated story, “I Finally Agree With Cher” Trump Exposes Liberal Elites’ Virtue-Signaling Hypocrisy, at zerohedge.com. These two are agreeing with Trump even though they probably don’t realize it. Trump doubled down on the lefts criticism of him stating that he was going to release migrants to sanctuary cities. After the criticism he said: “…The Radical Left always seems to have an Open Borders, Open Arms policy – so this should make them very happy!” He was offering to give them what they wanted.

These leftists remind me of Wile E. Coyote. He always got smashed by the anvil he attempted to drop on the Road Runner. He has been doing this to the Democrats and the media for two plus years. And they haven’t figured it out yet. (watch here)

NY Democrats Block College Tuition Aid For Gold Star Families – But Approve $27 Million In Aid For Illegal Immigrants, by Sara Taylor, at theblaze.com. Since human beings act purposefully, their actions reveal what they value. Who do these democrat politicians value. Excerpt from the article: “Democrats in the new York Assembly blocked a college tuition bill that would expand aid to children in Gold Star families. The move took place Tuesday, just a week after he Assembly’s Higher Education Committee approved $27 million allocated from NY State’s tax budget to assist illegal immigrants in receiving higher education.”

School Lets You Pay Tuition By Selling 17% Of Your Future Income, at zerohedge.com. This is a free market solution to the government created problem of the high cost of a college education.

College (As We Know It) Is Broken In The USA, at zerohedge.com. The high cost of a college education is sowing the seeds of its own destruction. This high cost is providing lower cost alternatives with the ability to compete in the education market for customers. Here is the list of some possible alternatives. 1) The way students and parents pay for college is changing. 2) The methods and the places students learn are changing (and have been for a while think internet and trade schools). 3) Our culture is changing to finally accept that “traditional’ 4-year college isn’t the answer for everyone. 4) Businesses are starting to figure out that a college degree isn’t needed to be successful in their particular field. They would rather provide training for potential workers, instead of relying on a college degree.

Frankenstein Designer Kids: What You Don’t Know About Gender – Transitioning Will Blow Your Mind, at zerohedge.com. I stated this last week: What about the oath…First do no harm! This is child abuse. Young kids and teens don’t have the mental capacity to understand what transgender even means. Why do you think there are statutory rape laws and laws against pedophilia? To protect young people from predators. Are  doctors now predators?

Pew Research Center’s Science Knowledge Quiz, at carpediemblog. The average score is 61%. Take this quiz if you want to build your self-esteem, because you will probably get all the answers correct. But, does being able to answer easy questions correctly build self-esteem? They should have a more difficult quiz for the people who answered all the questions correctly. Then we could find out if we deserve to feel good about our scientific bona fides.

 

CANDACE OWENS Opening Statement In Front Of House Judiciary Hearing Concerning On “Hate Crimes And The Rise Of White Nationalism”. (click here)

Candace Owens Slaps Down Democrats Smear Attempts At Judiciary Hearing. (click here)

After Mr. Lieu played some audio of a previous statement made by Candace Owens, he doesn’t ask her to comment. He asked two people on the panel to comment about her comments. Then a Republican congressman said he would yield his allotted time to Miss Owens if she wanted to respond. She then proceeds to hammer Mr. Lieu. As she starts, the chairman of the committee tries to accuse her of ‘referring disparagingly’ to a member of the committee. This is a ploy used by politicians in these hearings to limit the amount of time a witness can talk. But this back fires because she proceeds to hammer him.

Watch the condescending attitude shown by the facial expressions of the committee chairman. The optics of this are amazing. Lets reverse the situation. If a white Republican congress chair acted like this toward a black women who was testifying, the Dems and the press would be screaming racism.

 

SATIRICAL HEADLINES

Comey: ‘We Did Spy—We Just Observed And Reported Secretly Without The Subjct’s Knowledge Or Consent’, at babylonbee.com.

Ocasio-Cortez Appears On ‘The Price Is Right,’ Guesses Everything Is Free, at babylonbee.com.

Scientists Recommend Reducing The Number Of Democratic Presidential Candidates To Help Fight Climate Change, at babylonbee.com.

Progressives Officially Redefine ‘Hate Speech’ As ‘Speech We Do Not Like’, at babylonbee.com.

Hillary Clinton Sends 30,000 Emails On Mission To Investigate Black Hole, at babyonbee.com.

 

CARTOONS

from burningplatform.com

Political Cartoons by Chip Bok

Political Cartoons by Tom Stiglich

Political Cartoons by Pat Cross

Political Cartoons by Tom Stiglich

 

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

 

Must Reads For The Week 9/15/18

September 17, 2018

The Intellectual Poverty Of The New Socialists, by Richard A. Epstein, at hoover.org. This is a great article. Here are some excerpts: “The New Socialists try of course to distance themselves from the glaring failures of the Old Socialists, who suffered from two incurable vices. First, they ran the economies of such places as Cuba, Venezuela, the Soviet Union, and virtually all of Eastern Europe into the ground. Second, they turned these states into one-party dictatorships governed by police brutality, forced imprisonment for political offenses, and other human rights abuses. When viewing the proposals of the New Socialists, one looks for any kind of explanation for how their proposals for the radical expansion of government control over the economy aimed at mitigating income inequality will protect both personal liberty and economic well-being.

“The New Socialists in the United States live in a world of intellectual self-denial. They think that they can control the distribution of all the good things in life without undermining the economic and social institutions needed for the creation of that wealth in the first place. The words “competition,” “scarcity,” and “free entry” do not make it into their constricted lexicon, and their absence explains why they botch the analytical issues concerning “freedom” thoroughly…… ignoring the simple truth that scarcity means that all of us cannot have all that we want all the time……. Sadly, some individuals must grovel before their bosses to keep their jobs. But in a competitive economy, free entry allows many more individuals to quit their jobs for better opportunities, or even to be recruited away by another employer.

“Competition leaves people with choices. But under the New Socialism, people will really discover what it means to be unfree when they only have this choice: work for the state and spend your falling wages on government-supplied goods—or starve. And to whom does the unhappy citizen turn when there is only one healthcare provider, one landlord, and one education system?

“There is a deep intellectual confusion and moral emptiness in New Socialism. On the one hand, it denies the major advances in longevity and human flourishing that have been made in recent years by the worldwide spread of market institutions…… And New Socialism attributes to market institutions the failures that fall squarely on the regulatory programs of traditional liberals—e.g. minimum wages, rent control—that hamper economic growth and personal freedom. The New Socialism has no more chance of success than the Old Socialism. You may as well try to cure diabetes by administering extra-large doses of government-subsidized sugar.

Education Is Not A Right, by Jose Nino, at mises.org. Education is an economic good not a right. It has to be produced by someone before it can be consumed. Economic goods are not rights. The second amendment guarantees your right to keep and bear arms from being infringed by Government. It doesn’t force someone to provide a gun for you. And it doesn’t force you to purchase a gun. Education being a right would mean that the Government couldn’t infringe on your decision to either get or not get an education. Nothing more.

Private schools and home schooling are examples of an economic good (education) being provided in the market and not by a state-run education monopoly. With today’s technology, think about the possibilities of educating people using fewer scarce resources. Scarce resources once used to build and maintain high school campuses, to maintain the education bureaucracy and to transport students to and from school could be reallocated to a more productive economic activity. The total cost of our modern “free” K-12 education system is much higher than what the cost would be if education was provided through the market process. But since our education system is a mammoth bureaucracy. What is the chance of it giving up its monopoly position? But just as fracking took down the OPEC monopoly when the price of oil rose to $140 a barrel, so to technology and entrepreneurship can make a huge dent into the State education monopoly as the price becomes more burdensome.

Victor Davis Hanson’s Analysis of ‘Trump’ vs. ‘The Resistance’

The Circus Of Resistance, by Victor Davis Hanson, at americangreatness.com. Here is an excerpt from the article: “Certainly, there are principles behind Trump’s moves, but they are not always those of the Washington establishment, whose agendas the media reflects. Trump’s initiatives are often long overdue moves that would never have happened in either a “sober and judicious” Democratic or Republican administration, however much they might have been polled and discussed.”

“Trump has mostly one principle: he was elected to pursue a conservative populist agenda without too much worry what the Washington establishment said or did, whose record on the economic front since 2008 and in foreign policy was not especially stellar. In that sense, he is far more principled in carrying out his promises than many past presidents whose stump speeches on taxes, illegal immigration, trade, educational reform and a host of other issues were either never reified or flat-out broken.”

“So far, for all the crudity and Twitter antics, we have not had a “read my lips” or “you can keep your doctor” moment in the sense of a deliberate effort to break a campaign promise.”

Is Trump Chaos An Impeachable Offense, by Victor Davis Hanson, at nationalreview.com. Excerpt from the article: Trump is destabilizing the status quo, as he promised to do. The keepers of the status quo cry foul.”

“…for the D.C. political-media status quo it was more of a problem to tell the truth, address reality, and make the necessary difficult adjustments than to shrug, continue on, and maintain the façade of normality. Then a president came along with no prior investment in the economic and foreign-policy establishment, and apparently no desire to create any, or to worry much about his own ignorance of past conventional wisdom. And so in breakneck speed he began cancelling deals, renegotiating asymmetrical agreements, and questioning protocols of decades past — and he did so without adopting the comportment of past presidents and the advice of either the administrative state or the Washington political-media establishment. The ensuing reaction was that the Trump medicine was said to be worse than the preexisting disease, although no one could really explain why that was so.”

“So we are left only with “Trump did it,” and therefore he should be impeached, declared insane, sued, forced to resign, or face an intervention from “loyal” patriot aides because of his impulsiveness and lack of “first principles” that had given us the above status quo. Even the recent anonymous New York Times op-ed author offered no real explanations of what exactly Trump has done wrong that would warrant anti-democratic removal other than to concede that Trump has done things that most felt were long overdue. And he made changes in a rude and uncouth manner that the establishment did not like — just as a nude emperor in invisible clothes does not like it when an outsider observes that he is naked.

THE RESISTANCE

Presented with no comment!

Pompeo Tears Into John Kerry Over Iran Meetings: “Unheard Of” Level Of Undermining White House, at zerohedge.com.

“It Was All A Set-Up” – Pentagon Whistleblower Exposes Russia Probe Reality, at zerohedge.com.

New Strzok-Page Texts Discuss FBI “Media Leak Strategy” Within Hours Of Washington Post Bombshell, at zerohedge.com.

TO WHOM DO YOU RELATE?

“Panic And Dismay”: Leaked Video Reveals Distraugh Google Execs Grappling With Hillary Clinton’s Loss, at zerohedge.com. This is priceless. The article tells you where to go in the video to see the highlights. But go to 16:45 and watch as a female exec suggests everyone get a hug. When they show the audience. Look at all the people wearing beanies with propellers on them. Like The Beany and Cecil cartoon. Seriously!

Life, Liberty & Levin: Katie Pavlich and Candace Owens, at Reasonable Insanity.

Now listen to Miss Pavlich and Miss Owens. Compare this to what you saw and heard on the Google video?

 

Twitter Suspends Benghazi Hero After He Excoriates Obama, at zerohedge.com. In a speech at U of Illinois, Obama said: “The republican party……..has embraced wild conspiracy theories like those surrounding Benghazi…..

In response to Obama’s statement. Kris Paronto, who was in the middle of the fight in Benghazi, tweeted,“Benghazi is a conspiracy @BarackObama?! How bout we do this, let’s put your cowardly ass on the top of a roof with 6 of your buddies & shot rpg’s & Ak47’s at you while terrorists lob 81 mm mortars killing 2 of your buddies all the while waiting for US support that you never sent ! #scum.”

Here is the excerpt that sparked the response. Watch this video with the understanding that this is “acting Presidential”. The cadence. The tone. The pauses. The posture. The body movements. The words.

“Acting Presidential” is just one part of the establishment status quo that people voted against in 2016. “Acting presidential” is part of the propaganda process.

I’ll take Trump “acting non-presidential” every time.

SATIRICAL HEADLINES

Google Rep Issues Heartfelt Apology for Anti-Conservative Bias While Wearing ‘Kill All Republicans’ T-Shirt, at babylonbee.com.

He’s Still Got It! Funnyman Jim Carrey Jokes Americans Should ‘Say Yes To Socialism’, at babylonbee.com. What! He is serious?

Man Identifies As Woman, Immediately Receives 23% Pay Cut, at babylonbee.com.

Gay Man Bravely Comes Out As Fan Of Chick-Fil-A, at babylonbee.com.

Socialism, Media Mischief and PC Nonsense: Some Short Videos

July 28, 2017

 

Students Love Socialism But Can’t Define It. 

At campusreform.org.

When I watched this it reminded me of how I thought when I was in high school. Thank God I didn’t go to college or my shallow thinking about socialism would have been pounded into my brain for the rest of my life. I started working right out of high school. Working in the real world helped me figured out the economic reality about socialism. Socialism sounds good but it doesn’t work.

 

Dream Machine On The Greg Gutfeld Show 7/15/17

Doris and Matthew Melton, members of the band Dream Machine, talk with Greg Gutfeld about how they were dropped from their record label for not being PC. Doris is from Bosnia. She has a deep appreciation for the freedoms we enjoy in America. We need this kind of common sense thinking in Washington D.C.

 

John McEnroe On Serena Williams: A Media Meltdown.

By Christina Hoff Summers, The Factual Feminist, at American Enterprise Institute.

I was going to post something about this when it happened a few weeks ago. This is an example of fake news trying to create Mt. Everest out of a mole hill (not even a mole hill, out of nothing). The Factual Feminist does a better job of addressing this issue than I could have done.

 

Related ArticleWhat Are Your Options When Both Political Parties Are Based On Socialist Ideals, at austrianaddict.com.

Related ArticleWhy Socialism Won’t Work? at austrianaddict.com.

Related ArticleMilton Friedman – Socialism Is Force, at austrianaddict.com.

Related ArticleSocialism Sounds Great, at austrianaddict.com.

Related ArticleDemocratic Socialism Is Still Socialism, at austrianaddict.com.

Lessons From The First Thanksgiving

November 23, 2016

Hand drawn Thanksgiving vintage card. Maple and oak leaves, branches and berries, pumpkin, indian corn, lettering

Richard Ebeling’s Thanksgiving article titled: Thanksgiving Was A Triumph Of Capitalism Over Collectivism, tells the real lesson of the first thanksgiving. The basic idea of government central planning whether it is called collectivism, socialism, communism, et al,  has been around forever. The evidence that collectivism doesn’t produce results that match the rhetoric has also been around forever. But somehow the lure of collectivist ideology still remains strong in spite of the evidence.

Here are some excerpts from the article.

“The English Puritans, who left Great Britain and sailed across the Atlantic on the Mayflower in 1620,……. wanted to erect a New Jerusalem that would not only be religiously devout, but be built on a new foundation of communal sharing and social altruism. Their goal was the communism of Plato’s Republic, in which all would work and share in common, knowing neither private property nor self-interested acquisitiveness……..Two years of communism in practice had left alive only a fraction of the original number of the Plymouth colonists.”

“What resulted is recorded in the journal of Governor William Bradford, the head of the colony. The colonists collectively cleared and worked land, but they brought forth neither the bountiful harvest they hoped for, nor did it create a spirit of shared and cheerful brotherhood
.”

“The less industrious members of the colony came late to their work in the fields, and were slow and easy in their labors. Knowing that they and their families were to receive an equal share of whatever the group produced, they saw little reason to be more diligent their efforts. The harder working among the colonists became resentful that their efforts would be redistributed to the more malingering members of the colony. Soon they, too, were coming late to work and were less energetic in the fields.

“Because of the disincentives and resentments that spread among the population, crops were sparse and the rationed equal shares from the collective harvest were not enough to ward off starvation and death.

Realizing that another season like those that had just passed would mean the extinction of the entire community, the elders of the colony decided to try something radically different: the introduction of private property rights and the right of the individual families to keep the fruits of their own labor.

The Plymouth Colony experienced a great bounty of food. Private ownership meant that there was now a close link between work and reward……..When the harvest time came, not only did many families produce enough for their own needs, but they had surpluses that they could freely exchange with their neighbors for mutual benefit and improvement.”

“Hard experience had taught the Plymouth colonists the fallacy and error in the ideas of that since the time of the ancient Greeks had promised paradise through collectivism rather than individualism.”

Was this realization that communism was incompatible with human nature and the prosperity of humanity to be despaired or be a cause for guilt? Not in Governor Bradford’s eyes. It was simply a matter of accepting that altruism and collectivism were inconsistent with the nature of man, and that human institutions should reflect the reality of man’s nature if he is to prosper.

If these sparsely populated settlements couldn’t make socialism work, how could our present day leaders think that trying to implement socialist policies (like Obamacare), incrementally to a population of 330 million possibly work? Politicians and bureaucrats are heavily invested in the ideology of centrally planning an economy. They will never give up this vision of how the world works, even though the lessons of history are their for all to see.

 

Related ArticleThe Real Thanksgiving Story, at austrianaddict.com.

Related ArticleThanksgiving Proclamations, at austrianaddict.com.

What I wrote last year seems even more appropriate this year.

Even though it seems we are in conflict about everything. Each of us should be thankful that we live in a country that protects our right to complain. We should be thankful our founding principles have led to the creation of a standard of living that other countries could only dream of.”

“We take our individual freedom and our countries wealth for granted, even though they are rare indeed when compared to other countries throughout the history of the world. Be Thankful!”

Must Reads For The Week 10/22/16

October 21, 2016

A NATIONALIZED SINGLE PAYER HEALTH CARE SYSTEM IS THE GOAL

Obama On Skyrocketing Obamacare Premiums, “I Had Nothing To Do With It” at tammybruce.com. Obamacare created the incentives that produced the “skyrocketing insurance premiums”. I would say Obama is a moron, but he is just a typical politician.

Obamacare Premiums Are Going Up, Up, Up. This is a great explanation of why the costs are going up. It is by design.

Obama’s Plan Was Always To Cook The Frog Slowly And Turn Obamacare Into Hillarycare Nationalized HealthCare, at economicpolicyjournal.com. We have been saying this from the start. Obamacare was the next step toward a government-run single payer healthcare system. No one wants to believe that it was designed to fail. But is was.

Hillary Email Confirms She Wants Obamacare To Collapse, at economicpolicyjournal,com. Hillary has been working for nationalized healthcare for years.

ELECTION STUFF

Why Did Vote-Rigging Robert Creamer Visit The White House Over 200 Times During Obama Administration, at zerohedge.com. Trump talking about a rigged election takes away from the fact that there has been voter fraud  going on for years. And the Democrats are the perps.

Fact Check: Hillary Lied Said 90% Of Clinton Foundations Go To Charity. Actual Number? 5.7%, at informationliberation.com. The Clinton Foundation is nothing more than a money laundering scheme for the Clintons and their cronies. Where does 94.3% of the money go?

“The Sons Of Alinsky” Getting Paid $3:00 An Hour To Protest Low Pay, at economicpolicyjournal.com. The fact that they are paying for a rent a mob for political dirty tricks is one thing. Paying them $3 an hour while trying to mandate a $15  minimum wage on the rest of us is something else. Do as I say not as I do.

Clinton’s False Assurances About Her Respect For The Second Amendment, by Jacob Sullum, at reason.com. Do you believe Hillary Clinton when she says this? I don’t believe a word she says.  “I did not send any classified Emails on my email server”.

Leaked Audio: Clinton Says Supreme Court Is ‘Wrong’ On Second Amendment, at freebeacon.com. Some of my Democrat friends tell me that they don’t want to take guns away. I tell them that’s great, but you are not the leaders of your party. I believe them. But Hillary? That’s a different story. If she gets elected, the left will be ready to act when she appoints a Supreme Court Justice. They will bring a gun rights case to a friendly district court which will eventually make its way to the Supreme Court. The court will overturn the Heller case in a 5-4 decision, and the second amendment will be meaningless words on paper. Mark my words.

Political Cartoons by Henry Payne

ECONOMIC STUFF

Why The Hell Is Socialism Gaining So Much Popularity? at economicpolicyjournal.com. Many people think socialism is the government helping people in need (aka a safety net). This is not socialism. Socialism is government ownership of the means of production. There is a difference between a free market economy hampered by government, and the government owning the means of production. Look at Venezuela if you want to see the results of Socialism.

Harassing Uber, at economicpolicyjournal.com. The status quo taxi cartel is trying to get the government to use its monopoly power to protect the cartel’s monopoly position that was originally created by government.

How Regulation Protects Established Firms, by Peter G. Klein, at mises.org. Goldman Sachs CEO Lloyd Blankfein admits that, “…burdensome regulation acts as a moat around our business.” Government props up the status quo making it tougher for new competitors to enter the market.

Is Your Personal Trade Surplus With The Rest Of The World A Problem?, at fee.org. Trump and Hillary are ignorant when it comes to trade. A trade deficit or a trade surplus is meaningless economically, but politically they are of great benefit for the politician.

We Can Build Our Way Out Of The Housing Crisis, by Steven Greenhut, at reason.com. The reason prices for homes in California are so high is because Government restrictions and regulations constrain the supply of housing. Low supply and high demand means higher prices. The high prices ration the short supply.

Highest-Paying College Majors, Gender Composition Of Students Earning Degrees In Those Fields, And The Gender Pay Gap, by Mark Perry, at carpediemblog. There is a gender pay gap because of the decisions made by men and women. Here are the top seven degrees by percentage of men and women who earn them, and the average salaries of the jobs people get when they graduate with these degrees. The subjective value of men and women is obviously different.

MEN

Computer Science                    82%    $70,000

Information Technology        82%    $64,008

Management Info. Systems   82%    $58,000

Electrical Engineering             80%    $68,438

Mechanical Engineering         80%   $68,000

Chemical Engineering             80%   $65,000

Industrial Engineering            80%   $64,381

WOMEN

Nursing                   84%   $58,928

Social Work             82%   $41,656

Education                80%   $43,000

Psychology             77%   $42,000

English                     69%   $45,000

Spanish                    69%   $44,256

Journalism              65%   $45,000

Communications    65%   $44,190

 

From Laissez Faire Capitalism.

Image may contain: text and one or more people

the

Drifting Towards Fascism

September 20, 2016

man drifting in a boat

First let’s define Fascism so we can begin at the same starting point. Fascism is an economic system where the state doesn’t own the means of production, but the state makes the rules that producers and consumers have to follow. There is a bureaucratic layer between businesses and politicians which plans the economy. It is crony capitalism on steroids.

Fascism places politicians and bureaucrats as the ultimate rulers aka decision makers. The individual has no rights or liberty except what the rulers say they have. Order comes from the state, (top down) not from the individual, (spontaneous order).

I saw a great chart (below) showing America’s drift toward Fascism, in an article titled, The Road To Fascism In Just Two Charts, at bawerk.net. I have always thought economic systems fit on a line where at one end no government exists, and at the opposite end there is total government control. Where an economic system is placed on this line depends on how much government intervention exists, or put another way, how little governmental intervention exists.

WHAT IS AN ECONOMY? WHAT IS SOCIAL FREEDOM?

An economy is what results when each individual is free to decide what to produce, consume, exchange and save in a world of scarce resources which have alternative uses. Simply put, you own what you’ve produced or what you’ve received in exchange for your production. It is your property and you have a right to do with it what you wish.

Production is the creation of wealth. Consumption is the destruction of wealth. Exchange is the increase of wealth as both parties place a higher value on what they received than what they’ve given up. Saving is the preference of consumption at some point in the future to consumption in the present. Savings is the basis for capital formation. Capital formation is what increases productivity. Increased productivity is the creation of larger amounts of wealth.

Each individuals decision on what and how much he will produce, consume, exchange and save according to what he  subjectively values in a world of scarcity is the essence of freedom.

In order to have economic freedom you have to have social freedom and in order to have social freedom you have to have economic freedom. In other words, economic freedom and social freedom are different sides of the same coin. Individuals are free to act. Each individual is responsible for the consequences of his actions if they bring harm to others or himself.

I have a quote by F. A. Hayek at the top of my web site. It is my favorite quote because it sums up the choice individuals have faced since the beginning of time:

F. A. HAYEK: “THE COORDINATION OF MENS 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.

Let’s take a look at the chart and see what it reveals.

true-political-axis

Zero Government intervention into the economy starts at the bottom left of the chart and moves upward and to the right as Government intervention starts to increase. Zero Social Freedom starts at the top right of the chart and moves downward and to the left as the level of Social Freedom starts to increase.

Communism, socialism, fascism and democratic socialism are on the top right of this chart. They are economic and political systems that strangle individual liberty. Their very nature means intervention into, or control of, what is produced, consumed, exchanged and saved.

Anarcho capitalism, free market capitalism, classical liberalism and our America constitutional founding are on  the lower left of the chart. They are economic and political systems that strangle Government and allow individuals the freedom to produce, consume, exchange, and save as they see fit.

What exists today is the middle ground of crony capitalism, crony socialism and other forms of government interventionism. This is the utopian middle ground that elites think mixes the best parts of both ends of the chart. They know that free market capitalism produces great amounts of wealth as seen by our standard of living. But the elites don’t like the way the wealth is “distributed” and want to use the force of government to make this distribution  “fairer” according to their idea of “fair”.

The elites attempt to redistribute wealth differently than it would exist in the free market, creates incentives that ultimately decreases the wealth that is being produced. It divides us into groups that can be pitted against each other by political opportunists.

These statements by Ludwig von Mises tell us all we need to know about the above chart:

The issue is always the same: the government or the market. There is no third solution.”

The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.”

Anti capitalistic policies sabotage the operation of the capitalist system of the market economy. The failure of interventionism does not demonstrate the necessity of adopting socialism. It merely exposes the futility of interventionism. All those evils which the self-styled “progressives” interpret as evidence of the failure off capitalism are the outcome of their allegedly beneficial interference with the market.”

CONCLUSION

We are in the chaotic middle. Our choice is to move towards freedom and free markets. It is going to take a lot of time and effort to educate enough people in order to tip the scales toward freedom. Is the cost too high? It’s your decision.

 

Related ArticleCapitalism vs. Crony Capitalism, at austrianaddict.com.

Related ArticleSocialism Sounds Great, at austrianaddict.com.

Related ArticleWhat Creates Wealth? Freedom, at austrtianaddict.com.

Related ArticleWe Can’t Recreate The Garden Of Eden, at austrianaddict.com.

 

Must Reads For The Week 7/23/16

July 23, 2016

The Economics Of Trade vs. The Politics Of Trade Deals, by Mike Mish Shedlock, at davidstockmanscontracorner.com. Mr. Trump should read this. Excerpt from the article: “A genuine free trade agreement would consist of a single statement: “Effective immediately, all tariffs and subsidies, on all goods and services, are removed.” “Fair Trade” is a concoction by industries that seek or need protection via tariffs and import restrictions, to the damage of everyone else…..The irony in the “fair trade” argument is no jobs are saved by tariffs.

Venezuela Where Hyperinflation Meets Socialism And Price Controls, by Fabiola Zirpa, at economicpolicyjournal.com. Why can’t we learn from the mistakes of other countries? This is just the most recent example of the consequences when socialists try to centrally plan the economy. When we look at Venezuela today we can’t fathom that this could happen here and it probably couldn’t get this bad. But the question is; how much has our standard of living incrementally decreased, or not grown, because of the money printing that has taken place over the last two decades? We can’t quantify it. But we can say with certainty that we aren’t where would have been economically if the Fed hadn’t printed 4 trillion counterfeit dollars.

Minimum Wage Forces LA Diner Pann’s (est. 1958) To Stop Serving Dinner, at economicpolicyjournal.com. We can show story after story of the consequences of artificially raising the minimum wage above its market value. Jobs are lost. But somehow politicians get by with implementing these laws. It has to be because of the economic ignorance of our citizenry.

Interesting Fact Of The Day, Uber Completes 2 Billion Rides, by Mark J. Perry, at carpediemblog. It took six years for Uber to reach 1 billion riders. It took only six months to get its next 1 billion riders. In a free market the consumer wins. Consumers are voting for ride sharing and against the taxi monopoly. Big taxi can’t stop Uber, unless big taxi supplies a better service at a cheaper price.

Yoshi Launches “set it and forget it” Vehicle Refueling In San Francisco, by Lora Kolodny, at techcrunch.com. This is like “back to the future”. We went from full service gas stations (this was before the millennials time). To self-service gas stations. Now we’re going back to full service, except they drive to your house.

Startup Makes Investing Fee Free, opprotunitylives.com. This is like Uber except for trading stocks. Will the brokerage houses try to get government to stop this like the taxi cartel has tried to do with Uber?

The Unique Evil Of The Left, by Lew Rockwell, at mises.org. Excerpt from the article: “The left is the enemy of Diversity and the fanatical promoter of identity. Uniformity is stressed in all leftist utopias, paradises in which everybody is the same, envy is dead, and the enemy is either dead, lives outside the gates, or is utterly humiliated. Leftism loathes differences, deviations, stratification.”

Virginia Court Strikes Down Order Giving Felons Right To Vote, at new-ssentinal.com. Virginia Governor Terry McAuliffe, a former Clinton crony, attempted to mine 200,000 Democrat votes by restoring the voting rights of felons using an executive order. It was shot down by the Virginia Supreme court. I was shocked, shocked mind you when the Court said his executive order restoring voting rights to felons, “overstepped his authority”. This sounds familiar……? Didn’t the President have his executive order on immigration shot down by the Supreme Court for the same reason.

The Political Class vs. The Rest Of Us, by William L. Anderson, at mises.org. It is not R vs. D or any other groups the R’s and D’s construct and pit against each other. The Only Real Division Is THE POLITICAL CLASS VS. THE REST OF US! Until individuals realize this, “the era of big government will never be over”.

If The Public Shouldn’t Have Them, Why Does The IRS Need AR -15’s? at zerohedge.com. Great question.

Former Navy: The AR-15 Is A Citizens Best Defense Against Terrorism, at thefederalist.com.

 

Some Econ Homework

May 11, 2016

How You Don’t Cure Poverty, by Henry Hazlitt, at mises.org. Here are some excerpts from the article:

From the beginning of history sincere reformers as well as demagogues have sought to abolish or at least to alleviate poverty through state action…..The most frequent and popular of these proposed remedies has been the simple one of seizing from the rich to give to the poor…… The wealth is to be “shared,” to be redistributed,” to be “equalized.” In fact, in the minds of many reformers it is not poverty that is the chief evil but inequality….. all schemes for redistributing or equalizing incomes or wealth must undermine or destroy incentives at both ends of the economic scale. They must reduce or abolish the incentives of the unskilled and shiftless to improve their condition by their own efforts, and even the able and industrious will see little point in earning anything beyond what they are allowed to keep. These redistribution schemes must inevitably reduce the size of the pie to be redistributed. They can only level down. Their long-run effect must be to reduce production and lead toward national impoverishment.”

This brings us to the subject of minimum-wage laws. It is profoundly discouraging that in the second half of the twentieth century, in what is supposed to be an age of great economic sophistication, the United States should have such laws on its books, and that it should still be necessary to protest against a nostrum so futile and mischievous. It hurts most the very marginal workers it is designed to help…..I can only repeat what I have written in another place…… We cannot make a man worth a given amount by making it illegal for anyone to offer him less. We merely deprive him of the right to earn the amount that his abilities and opportunities would permit him to earn, while we deprive the community of the moderate services he is capable of rendering. In brief, for a low wage we substitute unemployment.

We come now to the final false remedy for poverty to be considered in this article—outright socialism. By “outright socialism” I refer to the Marxist proposal for “the public ownership and control of the means of production”…..Now the word “socialism” is loosely used to refer to…….the redistribution of wealth or income—if not to make incomes equal, at least to make them much more nearly equal than they are in a market economy. But the majority of those who propose this objective today think that it can be achieved by retaining the mechanisms of private enterprise and then taxing the bigger incomes to subsidize the smaller incomes.”

Why Private Investment Works & Government Investment Doesn’t, at Prager University.

When government tries to pick losers and winners, it typically picks losers. Why? Because in the free market consumers pick winners to leave the losers to Government.”

Another reason Government can’t out perform the free market is because it doesn’t have a tenth of the knowledge that exists in the free market. Also, in the market, when the individual takes the risk he knows he takes the loss if he is wrong. When the Government picks a loser it tries to keep it propped up by subsidizing it with tax dollars. The wasting of scarce resources is kept at a minimal level in the market, because the risk taker stops the unprofitable activity before too long. Resources are liquidated and put toward a more productive use according to consumers desires. Government has no such incentive to stop the nonprofitable activity. They continue wasting scarce resources long after the activity had proven unproductive. If Government bureaucrats were truly in the venture capital business, they would have gone bankrupt years ago.

Economics: It’s Simpler Than You Think, by David Gordan, at mises.org.   From the article:

“…. Skilled entrepreneurs succeed, but many in business fail. The market operates by sorting out of the successful from the failures by the test of profitability. Given this fact, it is as essential that the failures be allowed to fail as it is that those who succeed be allowed to keep their profits. Attempts to prop up failures disable the market.

This vital point can be used to answer a common objection to free trade. Many people object to free trade because, in some cases, foreign competition drives domestic companies out of business, causing unemployment. To the response that expanded trade creates jobs elsewhere in the economy, the reply often given is, what about the workers who do lose their jobs? They are often unable to secure new jobs as good as those they had previously. The fact that others are better off is small solace to them.”…….“In a free economy, capital migrates to talented entrepreneurs eager to pursue profitable opportunities. Innovations like the automobile, computer, and online retail services destroy jobs, but the process leads to better, higher-paying jobs … to create jobs in abundance, we must allow the free marketplace to regularly annihilate them.”

” According to Ben Bernanke, Timothy Geithner, and many others, only the massive bailouts of financial institutions in response to the collapse of the housing market saved the economy from disaster…in the financial crisis of 2008….. but it is essential to the proper working of the market to allow the businesses that had acted recklessly to fail. Had this been done, the economy could have quickly readjusted. “Capitalist societies can rebound from anything. In particular, they can bounce back from bank failures that do not exterminate human capital or destroy their infrastructure. An interfering government is the only barrier to any society’s revival, and that is why the global economy cratered amid all the government intervention in 2008.

 

Related ArticleHere is Some Econ Homework, at austrianaddict.com.

Related ArticleYour Economic Homework, at austrianaddict.com.