Common Core is not “commie core” as it is often called. It has that element within it from what we’ve seen, but it is probably at least equal parts “corporatist core.” It is big business which is pushing the program along with the statists. Business wants a standardized product for the workforce. It wants “plug and play” employees. And why not advertise to these future employees via state mandated testing while corporate America is at it?
We really do appreciate Congressman Lynch and his candor with regard to Obamacare in the attached video. We have long been critics of the ACA because we see it as a massive vehicle for crony capitalism (pharma and the big insurance companies do quite well under Obamacare) while it also undermines the good parts of our healthcare system and the economy generally. Obamacare is a disaster. It is a train wreck and the pile up continues.
I would love to see this become a real trend. I have my doubts however. It has been my experience that people who are enamored with the state have a hard time breaking up (even a little bit) with big government.
The answer simply is – yes.
Interesting article. It is very true that the Oracle of Omaha has benefited handsomely from sweetheart deals and political connections over the years. He has played the crony game very well.
I will say though, as much as I agree with the general sentiment of the author, I’d still go long on the USA before Kazakhstan. We do still enjoy the reserve currency of the world. As long as we do the bet is still to the upside for US equities generally. Reserve currency status is the linchpin. If you ever hear that the US dollar is no longer the reserve currency it is time to sell. Of course when we hear it it will be too late.
An aside. – My first real job was working for GEICO (One of Warren Buffett’s companies. His “cash cow” as he calls it.) selling insurance over the phone. To this day – “Thank you for calling GEICO Direct. This is Nick Sorrentino speaking. How can I help you?” – rolls right off the tongue.
(From Nomad Capitalist)
…allow us to examine just how Warren Buffett became so wealthy, because while he is obviously an astute investor responsible for generating huge returns, he has also enjoyed advantages few other Americans do.
It is such advantages, propped up by his cronies in government, that perhaps contribute to so much of his optimism.
To begin with, much of Berkshire Hathaway’s holdings are in the equities markets. While Buffett has done an excellent job over the years of picking winners and losers, he has no doubt benefitted from the amazing impact that inflation – and recently endless money printing – have had on the American stock markets.
Look, if one is going to engage in the “democratic process” – and believe it or not I think there is a great case for not voting which I won’t go into – why is it such a big deal to furnish an ID when it comes time to vote for our elected representatives? The Democrats (and as we often say the GOP has plenty of problems of its own) are freaking out all over the country over the issue of voter IDs, which just seem to be common sense to me.
The maximum tax rate in 1915 (before World War I and the institution of the Federal Reserve and broad income tax) was 7%. The maximum tax rate after 30 years of uncontrolled government, 2 World Wars and an emerging system of crony capitalism driven by the Fed? 94% in 1944. Insane. It just goes to show how powerful statism was during the mid-20th Century. In many ways, a very dark time for the world.
He has not only been feted recently by White House advisors. He is all the rage at the Council on Foreign Relations, the International Monetary Fund, and the United Nations as well.
Our police forces have become dangerously militarized. We need cops, not soldiers on the streets of America. In fact it is pretty much against the American tradition to have what are essentially soldiers on patrol in our country. Most cities don’t need Bradley Fighting Vehicles. But they are getting them. Most cities don’t need SWAT teams, but they are expanding them.
The corporations are on welfare and so is a large portion of the US citizenry (and non-citizenry too it must be acknowledged). Votes are bought with a program. Politicians are bought with fat feline donations. The state expands. Everyone it seems has a hand in the till. Everyone it seems has an angle. The welfare state, leviathan, is ever-present. And to challenge the monster is to challenge the way of life of many who have long ago made peace with (in some cases) or cozied up with (all too often) the beast.