Socialism is a sucker’s bet: 100 Years of Communism’s Bloody Legacy

There are people who believe that the 2008 Crash, a crash that affected many profoundly, was created by the market mechanism. Greed run wild etc etc. And while greed did indeed run wild during the housing boom it was facilitated by a key piece of central planning, a mechanism that Marx himself favored, central banks.

The Fed and its brethren kept interest rates too low for too long and as such created malinvestment on a massive scale which eventually toppled on itself.

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A simple truth about socialism and incentives (Cartoon)

Some folks won’t like this cartoon largely because it hits a little too close to home. Not because it’s wrong.

Look, most of us who understand the moral and functional superiority of free enterprise flirted at some point in our lives with socialism. We get the appeal. Thing is socialism is not a system that anyone should commit long term to. Socialism, even in Scandinavia, will always disappoint. It’s doomed from the start. It’s fundamentally unsustainable.

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Chavista Socialism Has Destroyed 570,000 Businesses in Venezuela

Obama and Chavez doing the “soul brother” handshake.

Many socialists honestly believe that massive state control is the best way forward. They want to believe that humans can engineer heaven on earth. They fear the market and love the totalitarian hand of the state. Why? Social justice we are told.

Nonsense.

This ignorance and general adherence to the religion of big government has brought untold misery to those unlucky enough to have lived under socialism over the past century.

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Trudeau’s turn from cool to laughing stock

Trudeau with another corrupt Marxist, Dilma Rousseff the now impeached former president of Brazil.

For the record I’ve never thought of Trudeau as “cool.” More “tool” than cool.

Trudeau’s boneheaded love letter to Castro is a great example of why the utmost caution should be used when dealing with “progressive” politicians. It seems, at least to me, that there is always a quiet (and sometimes not so quiet) affinity for authoritarianism.

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Deficit Hawks May Not Be Part of Donald Trump’s Washington

Interest rates rising may throw a wrench into this before it gets really started. The cost of servicing the current debt will explode with higher rates. The bigger the debt, the bigger the burden on taxpayers to service the debt when rates move up.

We don’t need more taxpayer financed, debt financed infrastructure projects. We need to get things in line with fiscal reality. A bunch of new federal spending is NOT what this country needs. But, this is why Trump was able to turn much of the unionized Midwest to him.

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Another socialist despot is forcing the people to remove him. This time in Venezuela

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.

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