Socialism has a half life. Once honest to goodness socialism is instituted it is only a matter of time before the system implodes on itself. The primary factor in the speed of collapse is the amount of fat within an economy before massive state intervention and redistributionist policies. If the disease of socialism, hard core socialism, think the USSR, Cuba, North Korea, and even places like Venezuela, really takes hold, if the state assumes pretty much every aspect of the economy,
Refugees from Syria aren’t the only refugees the West is seeing. A different type of refugee, from China, has landed on the golden shores of the US and Canada. People with money from the great China boom are seeking a landing place for their families and their wealth. This has long been the story in Vancouver for example.
But these people are the lucky few. Most Chinese will never get on a plane and traverse the Pacific. Most will stay in China through the economic “slowdown”
There is a whole group of folks in Washington and to a lesser extent outposts afield, and it is mostly Dems, who think that just because they hold “enlightened” attitudes about business that means they can engage in whatever cronyism they want. (Republicans do crony capitalism in slightly different ways and with less affectation in my experience than Democrats, though they are plenty prone just to be clear.)The Great Green Rush (of your tax dollars) during the beginning of Obama’s presidency is a good example of this.
I’ve been following digital implants and under the skin RFID chips for over a decade. Interestingly the first responses to my posts were incredulous mixed with off the wall conspiracy rants. Then as the reality of such devices has increasingly rushed toward us people have begun to think seriously about what it means to have a tracking chip embedded in their person. What does it mean that the device which holds your financial information also houses you medical information?
This is one of my favorite images of all time.
This might look like a mess to you and me. But for the right algorithm the data is clear as day.
It’s not just the elderly and it’s not just the Chinese.
We did a similar story on this sort of thing a few months ago but in light of the recent Facebook flap over “conservative” news we thought we’d post another one about Twitter.
In my Tweetdeck feed this tweet came through tonight. I don’t follow this person. He just used a hashtag I follow.
I decided to see what was so offensive that it needed a trigger warning so I clicked on “view content.”
This is what the uncensored tweet looked like.
Carl Icahn sees rough waters ahead but he plans to capitalize on them.
“You will report the reality the Communist Party says is reality. Everything’s fine. Everything’s great. There’s no “hard landing”. Right?
That’s what we thought.”
Funny how socialism makes one appreciate the finer things in life, like simple price discovery.
China continues to shudder and it appears to be increasingly fearful. With the Saudis rattling their debt sabers, Europe looking at another summer of crisis (of various kinds), and just a general sense of instability in world economy and geopolitics, China hopes that the Fed will take the Red Dragon “into consideration.”
There is no doubt that China will be and is considered as Minister Zhu knows very well.
I’d love to know what the minister knows about the real Chinese economy.
If you are “resisting capitalism” you are “resisting human progress.” You are resisting the voluntary exchange of goods and services. You are resisting opportunity for people to make a better life for themselves through hard work. You are trading that opportunity for a system which rewards the uncreative and unambitious. (And perhaps you understand this.) You are fundamentally resisting FREEDOM and LIBERTY, because “economic liberty,” the right to do what you want with that which you own, is not separate from social FREEDOM and LIBERTY.
That’s not the Communist Manifesto. It’s a bank book.
China is the Ultimate Crony Capitalist State. There is the ruling class (a “communist” ruling class) and there is the rest of the country. Graft is built on graft. Bribe begets bribe. In a country of 1.3 billion that’s a lot of shadiness. And such a situation contributes to instability, economic and political.
I am shocked that The Ultimate Crony Capitalist State would do such a thing.
The bigger the state, the bigger the government, the bigger the corruption. This is the ACC Political Constant.
Back when the market was a market.
We are in the midst of a giant, and unprecedented experiment in monetary policy. Central banks around the world have inflated asset prices in an effort to create a “wealth effect.” What they have created is a situation where those with assets, the rich, have done extremely well while the non-asseted have had to watch while life has gotten harder.
This asset inflation is not sound however and the “wealth” it has created is illusory.