The Anger of the Unprivileged Is Rising Globally

This goes nicely with the previous post.

People are waking up. They are using the information at their disposal. Do not take this information for granted.

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We need to know the algorithms the government uses to make important decisions about us

Good luck getting that information.

If one is in high school right now and one is considering which career path to take I strongly suggest learning how to write and manipulate algorithms. Our world is already deeply influenced by algos, from our social media to our grocery purchases. Their importance in our lives will only grow.

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Here’s The Full List Of Organizations That Paid Hillary Clinton From 2013-2015

Here’s the full list in case you haven’t seen it. This doesn’t even include her husband.

Dolla dolla bill ya’ll.

ACC is a completely non-partisan organization. We do not support/endorse or oppose any candidate for office. We believe that both major parties are heavily influenced by special interests and will report on crony capitalism wherever and whenever we see it.

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Did Paul Ryan just agree to a bailout of Puerto Rico?

As we’ve said before Puerto Rico is Detroit with palm trees. Its massive patronage system, its army of “public” employees and big government generally bankrupted the island. Now the Dems want the government employees to get the pensions for which there is no money, all the while stiffing the people who lent Puerto Rico the money it now owes.

There are pretty much no good guys here. The government workers are to blame. The bondholders knew they were buying sketchy stuff but assumed they’d be indemnified.

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Robert’s Rules get raw, Nevada Dems revolt, Bernie folks draw the line in the desert? (VIDEO)

My favorite part of this video is when a guy holding a Bernie sign looks over at the other side of the room and says, “Democracy… You got something against it?”

Lights were turned on. Old people got upset. (As did the young people.) It was ugly. I’ve got to figure out which convention I’m going to go see this year and at this point the Democratic convention looks like it will be the most fun to watch.

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The Clinton Business Model . . .A case study in what to expect from a Hillary Presidency.

Many people in government, in the political class, think they can do this sort of thing forever. That in the end the voters either don’t understand, don’t care, or hopefully both. That in the end many voters will just vote for whatever candidate because that candidate is of the same party, or same gender, the same ethnicity or some combination. To date the American political class has been correct in its assessment.

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Competitive Capitalism at Work (PIC)

The chief reason we have witnessed miracles like the one below (and truly it is a miracle) is because unlike most industries tech has operated with minimal regulation and has remained highly competitive. In tech, success comes from out innovating one’s competitors not in getting in tight with the right politicians and regulators. (At least this has been the case though Google seems to be getting cronier by the day.)

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Too much is being made of The Economists crony-capitalism index

The man who founded the religion which gave crony capitalism a degree of respectability for too long. J.M. Keynes.

We absolutely agree. As we have said in the past the effort is laudable and we will continue to watch it. And it appears that the folks at The Economist are heading in the right direction. The most recent edition is much better than the initial effort for instance. Our hope is that this trend will continue.

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Lobbyists struggle with Trump reality

Like we said earlier today Washington is going a little bit nuts. (It’s completely nuts already, but nuts in a more clinical way.) Trump is forcing some Republicans to find religion. Other Republicans are girding themselves for the Cleveland convention which might get bloody. Hilary looks more than vulnerable which is weirding the Dem establishment. Sanders is out today talking about how the official Fed unemployment numbers are baloney even while Obama is trying to tell everyone that the economy is great.

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Donald Trump builds his K Street and Wall Street Gang

(From The Washington Examiner)

Goldman Sachs partner and former George Soros comrade Steve Mnuchin will be the Trump campaign’s finance director, Trump announced Thursday…

…Throughout the primary, Trump attacked Ted Cruz for his connections to Goldman Sachs. Cruz’s wife worked at Goldman, and Cruz on one form failed to disclose a Goldman loan he used to finance his 2012 Senate run (although he had disclosed it on another).

Mnuchin, a Yale alumnus, spent nearly two decades at Goldman Sachs,

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George F. Will: What Happens In Puerto Rico Won’t Stay There

(From The Investors Business Daily)

Puerto Rico, an awkward legacy of America’s 1898 testosterone spill, the Spanish-American War, is about to teach two things that few Americans know: If conditions get bad enough there, its residents, who are American citizens, can come here. And if Congress does not deal carefully with the mess made by the government in San Juan, Congress will find itself rescuing governments in Springfield, Ill., and other state capitals…

…But some Democrats — perhaps anticipating a day of reckoning for their one-party state of Illinois,

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Government wastes your time and money with its paperwork and red tape (But what are you going to do about it?)

Government is massive. It is inefficient. It is wasteful. It bullies. It over regulates. It hinders commerce. It is the fundamental component of crony capitalism. Crony capitalism can not happen without government. The bigger the government the more crony.

Laws should be simple and straightforward. They should be few. They should be transparent.

To the degree that laws are not simple and straightforward, to the degree that they are many and not few, to the degree that laws are not transparent,

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