Tag Archives: Socialism

Alexandria Ocasio-Cortez: A Danger to the Nation, by Bill Bonner

Many Americans desperately want to believe there’s some painless way out of the nation’s financial and economic mess. The latest snake oil: socialism. From Bill Bonner at internationalman.com:

A big, new danger appeared in Congress this month: Alexandria Ocasio-Cortez, the newest representative of New York’s 14th district.

At 29, she is the youngest woman ever elected to Congress; she will doubtless be there for decades to come.

Eighteen months ago, she was working as a waitress. Then, even though her opponent outspent her 15-to-1, she won the race to sit in the House of Representatives.

Ms. Ocasio-Cortez has a pleasant look about her. We’d probably like her if we met her. But she is clearly a danger to herself, her constituents, and to the nation.

When the mainstream flim-flam financial policies fail, people look for scapegoats and solutions on the edges.

Now, they turn their sore eyes to New York’s 14th district, where Ms. Ocasio-Cortez has been elected to Congress. The product of the Puerto Rican Enlightenment, she believes there is no problem that a government program can’t solve.

Got healthcare issues? She would offer Medicare for All.

Need a job? She proposes a Job Guarantee.

Want to go to college? Get ready for Tuition-free College.

Worried about global warming? How about a large-scale “green infrastructure” program?

Wait a minute… You’re probably wondering, how can we afford all these things?

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Karl Marx and the Great Socialist Revival, by James Bovard

Nothing has quite the staying power of a bad idea. From James Bovard at fff.com:

Socialism’s popularity is reviving in America. A self-proclaimed socialist won the Democratic nomination for a congressional seat in the Bronx, and Democratic Socialist candidates are thriving in many areas of the nation. The Washington Post reported in July that it’s “been a good summer for the Democratic Socialists of America,” who have “never had more adherents or more clout.” The Democratic Socialists of America openly calls for the abolition of capitalism.

It would be gratifying to Karl Marx, born 200 years ago in Trier, Germany. In a New York Times tribute headlined, “Happy Birthday, Karl Marx. You Were Right!” philosophy professor Jason Barker declared that “educated liberal opinion is today more or less unanimous in its agreement with Marx’s basic thesis” that capitalism is fatally flawed. But that presumption is true only if “educated liberal opinion” simply does not care about tyranny.

Trier, Germany, held a huge birthday celebration highlighted by the unveiling of a 5,000-pound bronze statue of Marx donated by the communist Chinese government. Jean-Claude Juncker, the president of the European Commission, gave a speech lauding the communist theoretician, declaring that

Karl Marx was a philosopher, who thought into the future, had creative aspirations, and today he stands for things which is he not responsible for and which he didn’t cause…. One has to understand Karl Marx from the context of his time and not have prejudices….

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The rise of Socialism: Standing on the shoulders of morons, by Simon Black

Moron is an apt characterization of people who believe in a system that’s failed everywhere it’s been tried. From Simon Black at sovereignman.com:

I’ve spent the last several days in this quaint Colombian city near the Venezuelan border (though I’m presently at the airport, en route to Chile for a board meeting).

As I’ve discussed several times in the past, Colombia is great. It’s naturally gorgeous, incredibly cheap, and full of interesting opportunities.

The country has recently emerged from decades of civil war. And the rebuilding efforts will have a profound impact on the economy… most notably with the national infrastructure.

Colombia’s highways are pitiful.

The distance from here to Bogota is barely 400 kilometers– it shouldn’t be more than a 3-4 hour drive. But it takes almost nine hours thanks to the terrible highways.

Railways, ports, even digital infrastructure are all lacking in Colombia, in large part because of the decades-long war against the FARC. For years the government didn’t want to build more railways if the guerrillas were just going to destroy them.

With the war over, they’re dumping an enormous amount of money into modernizing the country, which invariably brings interesting opportunities.

Colombia is still cheap today.

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The Capitalism and Freedom Connection, by Robert Ringer

Capitalism is the economics of free people. From Robert Ringer at lewrockwell.com:

Americans are easy prey when it comes to being distracted by the political theater in Washington.  It is this attraction to non-issues (e.g., the so-called government shutdown) that prevents them from focusing on the issues that really matter.

Of course, people’s ideas about what constitutes freedom can vary widely, depending upon whether they view the world from the right or the left.  Speaking for myself, I believe that the easiest way to define freedom is to call it the antithesis of communism.

Karl Marx and his lackey benefactor, Friedrich Engels, firmly believed that violent revolution was the only way to bring about pure communism, and that such a revolution was possible only where capitalism existed.  The reason for this, they believed, was because capitalism was a necessary ingredient for creating a wide financial disparity between the workers and the privileged class.

It’s kind of weird that Marx and Engels sought to increase income disparity between the classes, then rectify the disparity through violent revolution.  Perhaps their thinking was a result of their being familiar with the colossal failure of the French Revolution, which led not to freedom but mob violence, unthinkable human carnage, and ultimately a Napoleonic dictatorship.

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Socialism Always Ends in Destruction, by Virginia Fidler

Taking legitimately earned money from those who produce it and “redistributing” it to those who don’t, with the government of course taking a hefty cut, is a surefire recipe for ruin, and nothing more. From Virginia Fidler at goldtelegraph.com:

Every attempt at socialism has failed miserably. Venezuela is only the latest country that has tried to implement a socialist paradise, only to inevitably crumble and crash before our eyes. Socialism, and its natural progression, communism, has caused the deaths of 100 million people since its inception 100 years ago.

Just a few decades ago, Venezuela had massive oil reserves and an abundance of other resources. It enjoyed wealth and an excellent standard of living. Today, Venezuelans have no food, no medicine, and the country is driven by corruption and fear. While a starving population is in despair, many are desperately trying to flee paradise. The army, supported by President Madero, is in the street, ready to brutalize any dissenters. Madero and the military are not starving.

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Grateful for Not Starving, by John Stossel

The Pilgrims were probably thankful for their own productivity, and for a newly instituted system that allowed them to keep what they had earned, and exchange it with other producers. It was capitalism on a small scale. A fitting Thanksgiving lesson. From John Stossel at theburningplatform.com:

When we celebrate Thanksgiving this week, I will give thanks for property rights.

Property rights allow each individual or family to do what we want with our small piece of the world without having to answer to the whole community.

On Thanksgiving, we’ll probably be told to think of America as one big family — and for some people, government is the head of that family. That idea warms the hearts of America’s new “democratic socialists.”

But thinking like that nearly destroyed this nation before it began.

The Pilgrims at Plymouth didn’t share a feast with Indians after arriving in 1620 because America was so filled with bounty.

Instead, the Pilgrims nearly starved to death. They’d tried to farm collectively — the entire community owning all the land and sharing everything, like socialists. Gov. William Bradford wrote, “By the spring, our food stores were used up and people grew weak and thin. Some swelled with hunger.”

Then, writes Bradford, “After much debate (I) assigned each family a parcel of land… (T)his had very good success, because it made every hand industrious.”

Crop production increased because workers reaped direct benefits of their own effort. They stopped hoping someone else would do the hard work.

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Artificial Intelligence Will Kill Us All. Unless… by John Hunt, M.D.

Whether AI is a force for evil or good will depend on who’s teaching it. From John Hunt, M.D., at international man.com:

The usual suspects are demanding government regulation of AI. They say that government must defend us all from the misuse of AI by the profit-seekers.

In my view, however, the only thing worse than the government sticking its nose into AI is if we have AI learn by mimicking the behavior of serial killers.

Although most known for their #1 best-selling book, Life Extension: A Practical Scientific Approach, Durk Pearson and Sandy Shaw are the two most broadly intelligent and well-informed people I have encountered in my life. They are rocket scientists (Durk literally is). This is what I learned from Durk and Sandy about AI:

AI learns by watching and mimicking people.

An AI will be extremely effective at whatever it learns. If it observes and mimics good people—ethical people—an AI will be really good. If it learns from bad people—by mimicking unethical people—an AI will be unconscionably evil.

If we allow government (politicians and bureaucrats) to regulate AI, then who will AI be exposed to and learn to emulate? The answer is: politicians and bureaucrats.

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