The Useful Idiots Do Their Thing: Violence as anti-capitalist march hits London

And then there are these guys going around bashing cars in “anti-capitalist” protest.

It’s disappointing because these people, in an act of what they think is defiance, are actually jumping up and down asking for the shackles to be placed around their ankles. Capitalism, the voluntary exchange of goods and services, is the economics which most benefits the 99%. But some people will never believe that. They’ve been told the opposite their entire lives. They have been told that instead of capitalism a system of modern feudalism,

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Death to Capitalism? Visitors to Marx’s Grave Balk at Fee

“It’s such a bourgeois monument,” said Andrew Carroll, a former cemetery worker, as he looked up at a severe-looking bust of Marx’s giant head.

“I turned around [and saw it] and I was like ‘Oh, come on.’ ”

I wonder how many times people leave something “special” at the grave.

And all fees go to the Libertarian Free Market Society of the United Kingdom. (OK that’s not true.)

But how fantastic is it that one must pay a fee to see Marx’s grave?

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In Uber fight, London may mandate five-minute wait for a ride

Why, other than blatant pro cab company cronyism is such a restriction being put on Uber drivers? Uber is a better product than your standard cab ride. It makes more sense than the antiquated cab companies of old. In most cases it’s cheaper and the service better than what we used to have. But the buggy whip…er…I mean… taxi companies around the world have worked to shut out competition by enlisting crony friends in city governments in an effort to stop legitimate progress.

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Keynesian Central Bank Craziness Causing Insane Asset Bubbles In Real Estate

If you’ve got a 50 million dollar house in London, New York, or Monaco things are looking pretty good for you. Of course they were already probably looking pretty good.  Funny how that works. It’s nice to have access to the Fed window.

Of course many of us in the real estate sub-tiers continue to see little or no growth in the price of our homes, Indeed, adjusted for inflation many people continue to lose money year over year.

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UK Independence Party wins first seat in Parliament

UKIP has become a legitimate force in British politics. They gained even more legitimacy this week with the election of Douglas Carswell to Parliament. And, we are pleased to say, fighting crony capitalism appears to be at the top of Carswell’s agenda.

Well done.

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Pfizer to leave the US because of high tax rates, Makes a huge part of its money from tax funded government programs

Soon to be London?

The big pharmaceutical companies have done very well in the crony department over the last decade. Medicare Part D was a giant gift to pharma, then the “donut hole” fill of Part D in 2010 meant even more money for the drug companies. Big Pharma in many respects is a government contractor. A quarter of its revenue comes from Medicare, Medicaid, and various other government programs. But now one of the giants is leaving for England lured by lower tax rates.

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Bank of England Drops a Bombshell on Parliament: It Shredded Its Crisis Era Records

No reason to keep records of what happened at one of the world’s most powerful central banks during the height of the 2008 Crash. Nothing important to know there. No reason to look back and remember what worked and what didn’t. No reason to keep the evidence.

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Carnival Against Capitalism in London, Should Be Against “Crony Capitalism.”

People are chaining themselves to barricades and waving red flags in the streets of London in protest of the G8 talks. The protest has been called a “carnival against capitalism.” Sadly these folks do not understand the vital difference between “capitalism” which is voluntary and provides opportunity for those not blessed with access to the modern aristocracy, and “crony capitalism” where the state is hijacked by the powerful to line their pockets and consolidate power.

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