Here is a wonderfully succinct analysis from a professional economist, Frank Shostak.
Update: Bill was voted down in the House. Woot. For now...
29 September 2008
25 September 2008
This hasn't been/is not the Free Market - or - Socialists (should) rejoice!
Over the past couple weeks, we've heard many buzzwords, half-truths, and outright lies fed to us by the Media; from Henry Paulson's lie that the financial sector needs a $700 billion bailout, to that asshole Paul Krugman going on Bill Maher's show and saying something to the effect of "There are no libertarians in a financial meltdown" to (in a link I borrowed from a mises.org blog) the Socialist Worker saying that this is a huge failure, and the last one, made by free market capitalism.
Lies, lies, and, yes, more lies.
Krugman, if you'd get down off your liberal soap box at the New York Times (The Times!!! The most blatantly liberal nationally-distributed newspaper), and possibly check out any of the dozens (hundreds?) of websites out there that are espousing free market economics now more than ever, (read: especially in times of supposed financial crisis.) then you might change your mind. Although, I highly doubt it.
Look, socialists, I don't know why you all aren't dancing and singing in the streets while sipping your lattes and quoting Marx. This is a great time for you guys.
Mises once said "all middle-of-the-road policies lead to socialism," and the current financial situation is a beautifully morbid example of that. The financial and housing industries weren't always socialist, or even broadly Keynesian (read: middle-of-the-road policies that lead to socialism), but were once mostly free-market. First, the housing industry went, and now, the financial industries join the housing on that middle-road policy.
I went back and found the A Political guide for the Worker's, written in 1920 by Eugene Debs. In it, one can find the Socialist Party's Platform, and under "1. Social" it reads:
3. All banks should be acquired by the government, and incorporated in a unified public banking system.
4. The business of insurance should be taken over by the government, and should be extended to include insurance against accident, sickness, invalidity, old age and unemployment, without contribution on the part of the worker.
(Without contribution on the part of the worker?? Lol. Obviously, Eugene didn't quite understand that pesky notion of "there ain't no such this as a free lunch". I.e. He was economically retarded.)
2. Industrial.
-1. Congress should enact effective laws to abolish child labor, to fix minimum wages, based on an ascertained cost of a decent standard of life, to protect migratory and unemployed workers from oppression, to abolish detective and strike-breaking agencies and to establish a shorter work-day in keeping with increased industrial productivity"
(Ok, some of the things here deal with productivity of the worker and his general well-being, but the other things, like minimum wages, "protect workers from oppression", whatever the hell that means, and prohibit strike-breaking? Ha. You know how far those laws have been taken? If a union rep. shows up at my factory and tries to unionize and I were to tell my workers that if they wanted to be paid more then I would have to cut back on their hours and whatnot, I would be arrested for "harassment". Unions suck.)
But, one has to remember, Socialism was never designed as an end in-of-itself, it was only supposed to be the stepping stone, the transition period, between Capitalism and Communism.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Should I say it again, just so it registers with you retarded socialists out there?
I don't think I need to. It won't make a bit of difference, because you all are so unwilling to change your opinions. Can't face up to the reality that you're opinions are wrong, eh? You know what that's called? Immaturity. Childish.
Onto my next point: I will state my hypothesis about socialists.
One of the following points sums up Socialists:
a) Socialists are too stupid to see that in a free-market society, they would be completely free to practice socialism in communes or where ever, anywhere they want, whenever they want, and to any degree they want.
b) Socialists realize this, but would rather make everybody else live their way, due to an intense hatred of other peoples' ways of living, which they hide under the pretense of "freeing the worker from the oppression and control of evil capitalist pigs" or "(insert catchy but false socialist phrase)"
Socialists could live peacefully with others in a free society, but instead they seek to enslave others by "freeing" them, thanks to Engel and Marx's clever redefining of "freedom".
Ugh, I'm too disgusted to go on.
Lies, lies, and, yes, more lies.
Krugman, if you'd get down off your liberal soap box at the New York Times (The Times!!! The most blatantly liberal nationally-distributed newspaper), and possibly check out any of the dozens (hundreds?) of websites out there that are espousing free market economics now more than ever, (read: especially in times of supposed financial crisis.) then you might change your mind. Although, I highly doubt it.
Look, socialists, I don't know why you all aren't dancing and singing in the streets while sipping your lattes and quoting Marx. This is a great time for you guys.
Mises once said "all middle-of-the-road policies lead to socialism," and the current financial situation is a beautifully morbid example of that. The financial and housing industries weren't always socialist, or even broadly Keynesian (read: middle-of-the-road policies that lead to socialism), but were once mostly free-market. First, the housing industry went, and now, the financial industries join the housing on that middle-road policy.
I went back and found the A Political guide for the Worker's, written in 1920 by Eugene Debs. In it, one can find the Socialist Party's Platform, and under "1. Social" it reads:
3. All banks should be acquired by the government, and incorporated in a unified public banking system.
4. The business of insurance should be taken over by the government, and should be extended to include insurance against accident, sickness, invalidity, old age and unemployment, without contribution on the part of the worker.
(Without contribution on the part of the worker?? Lol. Obviously, Eugene didn't quite understand that pesky notion of "there ain't no such this as a free lunch". I.e. He was economically retarded.)
2. Industrial.
-1. Congress should enact effective laws to abolish child labor, to fix minimum wages, based on an ascertained cost of a decent standard of life, to protect migratory and unemployed workers from oppression, to abolish detective and strike-breaking agencies and to establish a shorter work-day in keeping with increased industrial productivity"
(Ok, some of the things here deal with productivity of the worker and his general well-being, but the other things, like minimum wages, "protect workers from oppression", whatever the hell that means, and prohibit strike-breaking? Ha. You know how far those laws have been taken? If a union rep. shows up at my factory and tries to unionize and I were to tell my workers that if they wanted to be paid more then I would have to cut back on their hours and whatnot, I would be arrested for "harassment". Unions suck.)
But, one has to remember, Socialism was never designed as an end in-of-itself, it was only supposed to be the stepping stone, the transition period, between Capitalism and Communism.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Socialism has failed.
Should I say it again, just so it registers with you retarded socialists out there?
I don't think I need to. It won't make a bit of difference, because you all are so unwilling to change your opinions. Can't face up to the reality that you're opinions are wrong, eh? You know what that's called? Immaturity. Childish.
Onto my next point: I will state my hypothesis about socialists.
One of the following points sums up Socialists:
a) Socialists are too stupid to see that in a free-market society, they would be completely free to practice socialism in communes or where ever, anywhere they want, whenever they want, and to any degree they want.
b) Socialists realize this, but would rather make everybody else live their way, due to an intense hatred of other peoples' ways of living, which they hide under the pretense of "freeing the worker from the oppression and control of evil capitalist pigs" or "(insert catchy but false socialist phrase)"
Socialists could live peacefully with others in a free society, but instead they seek to enslave others by "freeing" them, thanks to Engel and Marx's clever redefining of "freedom".
Ugh, I'm too disgusted to go on.
18 September 2008
Vin Suprynowicz
Here is a great post on Why Obama (and McCain for that matter) is a damned moron when it comes to, well, anything. But, in this case, the economy, and taxes.
http://www.vinsuprynowicz.com/?p=107#more-107
http://www.vinsuprynowicz.com/?p=107#more-107
Back
I'm back, haven't posted in a while. Oh well, not like anyone reads this thing anyway.
So, in the news...
William Grigg's excellent article on the recent bailouts:
http://freedominourtime.blogspot.com/2008/09/dispossession-by-decree.html
Quite nicely sums it up. I read somewhere else, perhaps a Cato.org article, that describes these bailouts as the perfect example of "Crony Capitalism". Ah, found it here:
http://cato.org/pub_display.php?pub_id=9635
So, in the news...
William Grigg's excellent article on the recent bailouts:
http://freedominourtime.blogspot.com/2008/09/dispossession-by-decree.html
Quite nicely sums it up. I read somewhere else, perhaps a Cato.org article, that describes these bailouts as the perfect example of "Crony Capitalism". Ah, found it here:
http://cato.org/pub_display.php?pub_id=9635
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