OK, this is a pure dose of some libertarian/free enterprise white lightning. It’s hardcore and it will blow the minds of many of our statist friends who visit this site. Personally I find these arguments to be pretty much common sense. But the ideas below are not “officially approved” opinions. The video will challenge the thinking of many people. So be warned. (Just a trigger warning for all you socialists out there. For the record many of the great free marketeers in history started as socialists.)
OK, I am not usually one to buy into dystopian gloom. And I certainly haven’t here. I’ve watched multiple clips from this film and some of it is overly negative, a good bit of it is. But in this clip some very interesting points are made and questions raised. This particular clip at least is worth a view.
How did the media, the politicians, the establishment get it so wrong on Brexit? (Other things?) To what degree have algorithms in social media encouraged people live in echo chambers divorced from reality?
Socialism fails sooner or later. The key factor is the degree an economy is infected with socialism. A moderate amount of socialism (that is anti-price government intervention) means a moderate collapse eventually. Total socialism means total collapse of the economy eventually.
There are 2 very important variables in this simple equation however (there are of course more than 2, but these are the biggies) and that is how much fear a regime can induce in the population, and how far a regime is willing to go to stay in power.
The growing Indian trade deficit with China is becoming a front and center issue on the subcontinent. There are increasing calls for boycotts of Chinese goods from New Delhi. China has responded by insulting its regional rival saying that India can only “bark” about the deficit.
I mention this development because we see two highly centralized governments that oversee crony economies, with a history of warfare and with nuclear weapons, squaring off as Asia continues to stagnate economically.
Well, he can’t just say, “We screwed up on a colossal basis. On a Biblical level. All of my work for which I was paid very handsomely was basically a waste. I had no business doing what I was tasked with. This whole thing is much bigger than me. Oh, and we planners, the behavioral economist and policy types who wander the streets of downtown DC like pinstriped pigeons, we are full of bull pucky.”
Nope, he can’t say that.
Sometimes the crony capitalism is subtle. Sometimes it is obvious. This is one of those obvious times.
I have to say that I spent a week in Brooklyn a few years ago in an Airbnb place and it was great. But I guess I won’t be staying in Hipsterville again anytime soon.
It burns! It burns!
We don’t call it “mutant capitalism,” we call it crony capitalism. But the main point made in the attached article is vitally important.
What many young people know as “capitalism” is not capitalism. They’ve known only crony capitalism. Many young people have never seen a world in which the economy was allowed to breathe and one where people were generally free to start businesses and carve out a claim while helping fulfill the needs and desires of their fellow humans.
This is interesting. Every once in a while a little democracy breaks out.
This is where political correctness (a term coined by Marx) which is a type of religion, has taken us.
Science is racist. Just what South Africa needs, people who think witchcraft (which is indigenous) is equivalent (superior?) to the scientific method. Why? Because science is “Eurocentric.”
This kind of thinking ought to work out great for the country.
But the smug ignorance displayed by the woman in the attached video is the same I see displayed by some Americans on the “Left”
The War on Cash is on. The opening salvos were launched months ago, and now we are getting into the meat of the campaign which is being driven by central banks, governments, and by industry. They all want to kill cash.
The central banks hate cash particularly because it limits their power. There is real concern that in the event another significant recession rolls around central banks will have a hard time pushing down interest rates,
The European Union is eroding from its periphery and it is collapsing in pieces even in Germany and France. It is highly fragile and if real recessionary winds blow the EU will start to crumble at a faster pace.
We say the faster, the better.
The bureaucrats are clinging to the dream, but the dream has morphed into something very different for many in Europe. We can’t say that we’re disappointed.
The Crash of 2008 didn’t just go away (as too many of us know). It still hangs over the globe. But things have changed. We now have more debt on the books and an even more emboldened political class.