MCViewPoint

Opinion from a Libertarian ViewPoint

Green Socialism – LewRockwell

Posted by M. C. on January 5, 2019

Sandy sounds like a poorly-educated-but-well-indoctrinated young communist with a ninth-grade mentality.  She proudly labels herself a “democratic socialist” but as Ludwig von Mises explained, there really is no difference between communism and socialism: they are both attacks on private property and economic freedom.  She seems clueless about just about everything she talks about in public, whether it is the Constitution, especially the economy, the structure of government, history, etc.

https://www.lewrockwell.com/2019/01/thomas-dilorenzo/green-socialism-is-still-socialism/

By 

Upon taking control of the U.S. House of Representatives the first thing America’s Marxist Party did was to propose a Soviet-style, communistic destruction of American capitalism labeled a “Green New Deal.”  The Party chose as its spokesperson for this totalitarian venture a young woman named Sandy Ocasio who grew up in one of the wealthiest enclaves in America, Westchester County, New York, but who decided to lie about this to get into politics by calling herself “Alex from the Bronx.”  Sandy sounds like a poorly-educated-but-well-indoctrinated young communist with a ninth-grade mentality.  She proudly labels herself a “democratic socialist” but as Ludwig von Mises explained, there really is no difference between communism and socialism: they are both attacks on private property and economic freedom.  She seems clueless about just about everything she talks about in public, whether it is the Constitution, especially the economy, the structure of government, history, etc.  This is the person the American Marxist Party has chosen as its front person in its proposal to destroy American capitalism, prosperity, and the American dream forever—and to give itself totalitarian control over virtually all aspects of American life.

The first thing to understand about the proposed “Green New Deal” is that the first New Deal not only failed to end the Great Depression but made it more severe and longer-lasting…

At the outset of the Great Depression, 1929, the unemployment rate in America was 2.9% according to U.S. Dept. of Commerce statistics.  Unemployment reached its peak in 1933 at 24.9%.  There was a bit of a recovery as mal-investments were liquidated, but it only dropped the unemployment rate to 14.3% by 1939.  It rose to 19.0% in 1938 and was still 14.6% in 1940, on the eve of American entry into World War II.  Personal consumption expenditures were still lower in 1940 ($71.9 billion) than in 1929 ($78.9 billion).  All of this despite eight years of unprecedented New Deal “stimulus spending,” regulating, controlling, subsidizing, lending, inflating, price-controlling, and taxing.  The New Deal was an utter failure to the American people.  Economists Richard Vedder and Lowell Gallaway estimated in their book, Out of Work, that the unemployment rate was eight percentage points higher in 1940 than it otherwise would have been without New Deal minimum-wage and pro-union legislation alone.

Nor did World War II end the Great Depression.  It ended high unemployment only because some 16 million men were sent overseas during the war.  Sending a man to die in a foxhole in Germany is not the same as that man going to work in his own country and returning home to have dinner with his family every evening, contrary to Keynesian folklore about how the war supposedly “ended the Great Depression.”  The average American family back at home was even worse off because of the massive diversion of resources from the consumer and business side of the economy to the government’s military infrastructure.  The production of new automobiles and other products was made illegal, food was rationed, and everyone sacrificed even more…

“The distribution of the billions of dollars appropriated by Congress to prime the economic pump was guided less by considerations of economic need than by the forces of ordinary politics.”  For example, the nation’s number one economic problem was the South, but since the South was solidly Democratic it received relatively little New Deal spending compared to other regions where FDR needed the votes.  And, “The states that gave Franklin Roosevelt larger percentages of the popular vote in 1932 were rewarded with significantly more federal aid than less-supportive constituencies.” …

The entire U.S. economy would be “planned” by a fifteen-member congressional committee, Soviet style.  There is no acknowledgment at all of the failures of socialist planning everywhere else in the world; of the well-known economic reasons for these inherent failures; or of the fact that all the countries of the world that touted “planning” in the twentieth century have abandoned it, and for good reason.  It is a recipe for turning America into a Third World economic hellhole, in other words, to be completed “in ten years” according to the published plan.  Free-lunch economics pervades the plan, promising everyone a job and a “living wage” and of course, an end to economic inequality through ever more income redistribution schemes.  But not to worry, say the Marxist planners, it will all be paid for by the Fed, a new system of “government banks,” and higher taxes.  Simple.

Be seeing you

Bernie

 

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