Capitalism is dynamic. It is ever changing. The freer it is the better it serves the “market”, also known as “people.” If innovation is allowed to happen. If new ideas can blossom, good things happen for society. Jobs are created. We move forward and life gets better.
Even the Federal Reserve and NOAA (that’s right, the weather people) have their own mini-armies of supercops. Why?
This video is pretty out there for our conservative readers. The hippy “back to the land” bit at the beginning may put some people off. But I encourage you to look past that to see the statement of human independence that these people are making on a small plot of land in Pasadena California.
As your mom (hopefully) said, “Cheaters never win.”
They do however get rich sometimes. And for some that’s all that counts.
Casinos want people to zone out for hours in front of slot machines in their establishments, not at home in front of laptops.
Sadly this is counter intuitive in today’s American society. We have been told since childhood that government “evens things out” and helps reduce income inequality. We were all regaled with stories of the Great Depression, where big government’s patron saint FDR bestowed “relief” to those stricken by the downturn of the 1930s. We were too young to understand that these myths were being propagated by people who benefited from an expanded government, namely the teachers (unions). We were also too young to understand that government actually extended the Great Depression for reasons we won’t go into here. We have been told our entire lives that government makes things more fair.
The US Chamber is spending big money in an effort to rein the Republican Party back away from the emerging small government coalition which has emerged over the past couple of years.
I am all for the liberalization of marijuana laws, as I have written many times before. The prohibition of cannabis is simply wrong in my estimation for a number of reasons, not the least of which is that it is a crony capitalist construct. For years millions (really billions) have been made off of keeping weed illegal. From prison unions to Big Pharma lots of interests wanted to keep the inexpensive, relatively innocuous drug in the illegal category. I think legalization of pot is a good thing.
Well, it seems that the good g-men at the SEC, the folks who pursue insider trading, might be moving on insider information themselves. I am shocked! Shocked!
The big banks, which in 2008 nearly went belly-up because they were overleveraged and needed a taxpayer funded bailout in order to survive a reversal in the economic tide, are even bigger today. They pose more risk than they did 5 years ago. Because they have been designated as “too big to fail” the megabanks now enjoy an implicit subsidy courtesy of you and me. Their borrowing costs are lower because we backstop them. Because of the backstop and lower costs bankers are incentivized to take on more risk. Sooner or later this will create major instability as the market mechanism has been distorted and will seek to correct for this distortion.