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Donald Boudreaux: Conversation with a young socialist | TribLIVE.com

Posted by M. C. on April 5, 2019

https://triblive.com/opinion/donald-boudreaux-conversation-with-a-young-socialist/

Recently near my office at George Mason University I ran into a student of mine who was showing his friend around campus. The friend is thinking of transferring from Radford University to George Mason.

The friend — call him “Jack” — wore a T-shirt emblazoned with the famous image of Che Guevara.

Inferring from my economics lectures that I’m no great admirer of Guevara, my student joked awkwardly that Jack’s other favorite T-shirt features an image of Milton Friedman.

Jack didn’t laugh. Instead he asked me why I object to Guevara.

I was in no mood for confrontation, so I chose not to inform Jack of Guevara’s bloodlust. I instead replied simply that “Guevara was a socialist and I disapprove of socialism.”

“Why?” Jack asked.

“Because,” I answered, “socialism has never delivered on its promise to enrich the masses — quite the opposite — and it always turns into tyranny. Just look at the Soviet Union, Cuba and Venezuela. Even what we might call ‘socialist-lite’ countries do rather poorly.”

Jack’s look turned defensive. But before he could respond, I asked what he meant by socialism.

Jack admitted that he wasn’t sure of the details. He just wants to live in a society that’s “more just.”

I asked Jack for a specific example of an injustice in America today that would disappear under socialism.

“Inequality!” he answered immediately. Opining that it is “unjust” for one person to have multiple times more wealth than others, Jack expressed his desire for massive income redistribution.

I then asked a follow-up question that I knew would cause Jack to think that I was changing the subject. “What’s your college grade point average so far?” Jack replied, “3.85.”

“Very impressive!” I said sincerely. “You’re among a relatively small number of students at Radford who’ve accumulated such a large number of high grades.”

Jack looked at me suspiciously. I pressed on, asking if he favors grade redistribution: transferring “A” grades from students with “unjust” amounts of A’s to students with very few high grades.

Being an intelligent young man, Jack saw where I was headed. He replied “That’s different. I earned my good grades.” To which I replied: “Yes. So what makes you think that very rich people such as Jeff Bezos and Lady Gaga did not earn their great wealth?”

Before Jack could answer, I put to him another question: “If you knew that Bezos, Gaga and other very rich people earned their wealth, would you then call the difference in their wealth from that of ordinary Americans ‘unjust’?”

Jack dodged my questions by insisting that “no one needs that amount of money.”

“That’s not the question,” I protested. “The question is about the justice of the likes of Bezos owning so much more wealth than is owned by ordinary people. Tell me, Jack: What is unjust about Jeff Bezos having billions of dollars if it is all wealth that he earned, just as you earned all of your high grades?”

Jack answered confidently: “It’s unjust because it gives Bezos more power than others.”

“More power?!” I reacted surprisingly. “What power does Bezos have over you or me? He can’t force us to shop at Amazon.”

Jack heard enough. Walking away in a huff, he brushed me off as if I were an uncomprehending old goat…

Be seeing you

che-guevara_00427261

 

 

 

 

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Too big to fail: With millions invested, the F-35 is here to stay

Posted by M. C. on April 5, 2019

“The military industrial congressional complex has perfected its methods for ensuring programs of this kind can endure despite disappointing performance in almost every objective military measure,”

https://www.opensecrets.org/news/2019/04/too-big-to-fail-with-millions-invested-the-f-35/

By

In 1997, Lockheed Martin was selected to compete to design and build what would become the F-35 Lightning II. Over that course of time, this fighter jet program has become one of the most expensive in American history and has faced a variety of serious technical and functional challenges. The plane was finally deemed ready for combat in 2018, despite remaining concerns about the plane’s ability to fly and fight.

Even with all the controversy regarding the plane, bipartisan members of Congress this week asked their colleagues to adjust President Trump’s 2020 budget request to include more F-35s. As Lockheed has invested millions in congressional candidates and created jobs in nearly every U.S. state, the political support of the project remains strong.

The House members that wrote the letter asking for more F-35s are part of the Joint Strike Fighter Caucus. The group, led by Reps. John Larson (D-Conn.), Martha Roby (R-Ala.), Marc Veasey (D-Texas) and Mike Turner (R-Ohio), was formed in 2011 by Rep. Kay Granger (R-Texas) and former Rep. Norm Dicks (D-Wa.). All five of the current caucus members mentioned above received the maximum in PAC contributions from Lockheed Martin in the 2018 cycle. In a press release announcing the caucus’ formation, Granger and Dicks called the fighter plane program “an absolute necessity,” citing the number of jobs it would support.

Initially, the planes were supposed to cost $38 million each, however even though it often dramatically underperforms each individual plane costs the U.S. government an average of $158.4 million. Lockheed Martin is the prime contractor, while Northrop Grumman and BAE Systems contributed parts…

“The military industrial congressional complex has perfected its methods for ensuring programs of this kind can endure despite disappointing performance in almost every objective military measure,” he said.

A recent report by the Project on Government Oversight (POGO) laid out the litany of problems facing the aircraft. Some of the issues include malfunctioning combat computer systems, cyber vulnerabilities which could allow hackers to access the planes’ network, problems with the accuracy of the planes’ guns and a tendency to develop cracks which require numerous repairs.

Dan Grazier, a former Marine Corps captain and military fellow at POGO and author of the report, said that even with all the program’s problems it will continue on.

“The military industrial congressional complex has perfected its methods for ensuring programs of this kind can endure despite disappointing performance in almost every objective military measure,” he said…

Since the 1990 cycle, Lockheed employees and the company’s PAC have contributed almost a combined $39.7 million. The 2018 cycle saw the most contributed by affiliates in a midterm with almost $4.7 million.

Granger was the top recipient of money from Lockheed’s PAC and employees in 2018 with $131,940, more than double the next closest recipient. Granger, the ranking member on the House Appropriations Committee, received $549,990, mostly from Lockheed employees, over the course of her career making it her top all-time donor.

Granger has been a member of the Appropriations Committee since 1999 and at different points served as Vice Chair and Chair of the House Appropriations Defense Subcommittee. One of the F-35 assembly plants is in Granger’s district and she has been described as a “champion” of the program…

“Even if the engineers can eventually complete the design and make it function the way we have been promised it would, the program comes with a high cost of ownership,” he said. “This is by design as it ensures Lockheed Martin receives lucrative, sole-source sustainment contracts for as long as the aircraft flies.”

He also laid out another unforeseen consequence of the program’s struggles — the possibility of pilots leaving the service as there will be “a difficult time keeping the aircraft flying.” And with fewer aircraft in the air, top pilots could get frustrated and leave the service, Grazier warned…

Be seeing you

f35-moneydump

 

 

 

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The Reasons Behind The Relentless Ideological Onslaught – LewRockwell

Posted by M. C. on April 5, 2019

https://www.lewrockwell.com/2019/04/no_author/the-reasons-behind-the-relentless-ideological-onslaught-against-free-markets/

By Brandon Smith
Alt-Market.com

…The suppression of free markets began in the aftermath of the Civil War and the passage of the 14th Amendment, which was intended to protect the citizenship rights of former slaves, but was instead used as a legal loophole by the elite to establish what we now know as “corporations”.

Corporations are defined by their corporate charter, which is granted by the government, as well as their “corporate personhood” derived from the exploitation of the 14th Amendment. Corporate personhood allowed for limited liability as well as many other government protections. Unlike partnerships, leaders of corporations cannot be prosecuted for many crimes if those crimes were executed by “the company”. The company can be sued as a “legal person” in civil court, or fined by the government, but in general CEO’s and major shareholders are protected from any consequences even if they were directly involved in the commission of a crime.

This relationship between government and corporations has become so egregious that today these monopolies receive special legal protections and immunity from some civil lawsuits, aid in the form of taxpayer funded welfare, massive tax cuts which smaller businesses and less connected corporations do not enjoy, and even central bank bailouts which keep them afloat. Major corporations are not allowed to fail, and no one is allowed to compete with them on a level playing field.

This is the exact antithesis to free markets. This is socialism. Yet many socialists point the finger at free market “capitalism” as the source of all our economic problems. This is impossible, because free markets on a level any higher than local trade do not exist today and have not existed for at least a century…

There is a group of people that do behave in a destructive way automatically or instinctually when engaging in commerce without regulation, and these people have become a fascination of mine. They are narcissistic sociopaths; the defining characteristic of most financial and political elites.

I have outlined the facts surrounding narcissistic sociopaths in numerous articles, and I recommend readers study these for greater details. To summarize, full blown narcissistic sociopathy is a psychological aberration present in around 1% of any given population from birth. That is to say, in most cases these people are not created by their environment. Many of them come from very balanced and sheltered childhoods. They are born the way they are.

Narcissistic sociopaths are a tiny portion of the population, but lacking any sense of empathy or conscience, they account for a vast percentage of all crimes committed in society. They also gravitate to positions of power and influence from the business world to politics…

I agree with Adam Smith in the idea that normal citizens will act to pursue success, but also to pursue balance. When given the opportunity to actually function within a true free market, most people are not going to destroy their surrounding environment and resources in some mad dash for gain. Why? Because it is in their self-interest not to. They know that if they abuse the structures around them they will lose their source of commerce. They know that if they ruin the system for others that they will be shunned in business. They also know that if they fail in such a spectacular manner and commit criminal sabotage of the free market system they will have to suffer the regret and shame that will follow.

The only factor that this does not apply to are the elites themselves; the narcissistic sociopaths devoid of conscience with whom we now contend for our freedoms. I would suggest that Smith’s free markets, unshackled from centralization and government interference, would function almost perfectly if these people were cut from the equation entirely.

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What is free market? definition and meaning ...

 

 

 

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Left-wing cities going LAWLESS as Boston orders police to stop arresting criminals for breaking and entering, destruction of property or shoplifting – NaturalNews.com

Posted by M. C. on April 5, 2019

https://www.naturalnews.com/2019-04-02-left-wing-cities-going-lawless-as-boston-orders-police-to-stop-arresting-criminals.html

Leftist policies are reaching new levels of insanity in Massachusetts, as Suffolk County DA Rachael Rollins pushes her highly contested “no-prosecute” list into action. The “list” gives a green light to a number of arrest-worthy offenses — including trespassing, shoplifting, disorderly conduct, and “wanton or malicious destruction of property.” In other words, local law enforcement is being directed by the district attorney to stand idly by while miscreants steal and destroy property. The directive from Rollins also orders police to refuse to cooperate with ICE in the arresting of illegal immigrants at the courthouse — no matter the severity of their crimes. What could go wrong?

It is no surprise this new “policy,” also known as the “Rollins Memo” has been met with substantial scrutiny. While Rollins may say her memo is about creating an “equal” justice system, the victims of these now-permissible crimes aren’t likely to feel they are being treated equally. But of course, that’s really the goal here, isn’t it? No one cares about the shopkeepers and homeowners that are victimized. Under far-left dogma, criminals are the true victims, we’re just too “hateful” to see it. This is doublethink at its finest…

“This is a roadmap to a criminal justice system that works equally for everyone, based on research, data, and input from across the spectrum of stakeholders,”  Rollins said of her memo in a recent press release.

Surely anyone who is a victim of shoplifting, larceny or property destruction would disagree that this “system” works for “everyone.”

A former police officer told the Boston Herald, ““If everybody knows they’re going to get a pass, decorum will go out the window. These are basic, quality-of-life issues. It’s the absolute antithesis of broken windows.”

The “broken windows” theory posits that toughening up on smaller crimes helps prevent more serious offenses, the Herald explains.

Rafael Mangual, a criminal justice expert at the right-leaning Manhattan Institute for Policy Research, agrees that softening up on “small” offenses will lead to bigger problems.

“Criminals are going to respond to incentives. They’ll do more of something if they won’t get in trouble for it,” Mangual said.

“It’s a recipe for a public safety disaster. It strikes me as troubling and I think it should trouble the whole city,” he stated further…

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Curly

“I’m trying to think but nothing happens!”

 

 

 

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Capital is a Mystery to Alexandria Ocasio-Cortez | Mises Wire

Posted by M. C. on April 4, 2019

…the problem in underdeveloped countries is that “most people cannot participate in an expanded market because they do not have access to a legal property rights system that represents their assets in a manner that makes them widely transferable and fungible, that allows them to be encumbered and permits their owners to be held accountable.”

https://mises.org/wire/capital-mystery-alexandria-ocasio-cortez

We all know that Alexandria Ocasio-Cortez is dominating the political news with her demands for socializing the economy. Bob Murphy has explained that her Green New Deal “makes no sense on economic grounds” and even for Keynesians it “ would be nonsensical to implement such a program today.” Given the inanity of the Green New Deal, I would like to propose a course of study for Ocasio-Cortez.

While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital. The country would be better off if AOC and politicians of all stripes understood and took to heart de Soto’s warnings.

“People who have adapted every other Western invention, from the paper clip to the nuclear reactor, have not been able to produce sufficient capital to make their domestic capitalism work.” This, according to de Soto, is the mystery of capital.

De Soto argues that “capital, the most essential component of Western economic advance, is the one that has received the least attention” and shows that the major barrier to the production of capital is the lack of private property rights in struggling countries. Socialism, particularly the extreme proposals from Ocasio-Cortez, undermine and in some cases completely eliminate private property. De Soto provides us with a mainly historical argument showing that adopting socialist proposals will destroy the capital producing engine that powers the U.S. economy.

Westerners, de Soto points out, take this capital producing “mechanism so completely for granted that they have lost all awareness of its existence.”

De Soto’s fear is that if we don’t understand the importance of private property in producing the capital necessary for our increasing standards of living then “the West might damage the source of its own strength. Being clear about the source of capital will also prepare the West to protect itself and the rest of the world as soon as the prosperity of the moment yields to the crisis that is sure to come.”

The Green New Deal could be such a crisis…

De Soto focuses on the lack of capital in poorer countries. On this issue, I recommend Mises’ “The Plight of the Underdeveloped Nations.”2 Here, Mises provides us with an excellent analysis of the institutional problems in less developed countries. The countries are underdeveloped because “they had been slow in developing those ideological and institutional conditions which are the indispensable prerequisite of large scale capital accumulation.” What should underdeveloped nations do to “eradicate penury”? “They must resort to laissez faire; they must remove all obstacles fettering the spirit of enterprise and stunting domestic capital accumulation and the inflow of capital from abroad.”

If Ocasio Cortez and other socialists understood the lessons of de Soto and Mises they might be reluctant to support policies that destroy the basis of a thriving economy, private property rights and capital accumulation.

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AOC

 

 

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The “State of Nature” Is a State of Poverty | Mises Institute

Posted by M. C. on April 4, 2019

A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses between life and death. A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society.

Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings. To stress this point is the task of economics as it is the task of biology and chemistry to teach that potassium cyanide is not a nutriment but a deadly poison.

https://mises.org/library/state-nature-state-poverty

Ludwig von Mises

From time immemorial men have prattled about the blissful conditions their ancestors enjoyed in the original “state of nature.” From old myths, fables, and poems the image of this primitive happiness passed into many popular philosophies of the 17th and 18th centuries. In their language, the term natural denoted what was good and beneficial in human affairs, while the term civilization had the connotation of opprobrium. The fall of man was seen in the deviation from the primitive conditions of ages in which there was but little difference between man and other animals. At that time, these romantic eulogists of the past asserted, there were no conflicts between men. Peace was undisturbed in the Garden of Eden.

Yet nature does not generate peace and good will. The characteristic mark of the “state of nature” is irreconcilable conflict. Each specimen is the rival of all other specimens. The means of subsistence are scarce and do not grant survival to all. The conflicts can never disappear. If a band of men, united with the object of defeating rival bands, succeeds in annihilating its foes, new antagonisms arise among the victors over the distribution of the booty. The source of the conflicts is always the fact that each man’s portion curtails the portions of all other men. This is a dilemma that does not allow of any peaceful solution.

What makes friendly relations between human beings possible is the higher productivity of the division of labor. It removes the natural conflict of interests. For where there is division of labor, there is no longer a question of the distribution of a supply not capable of enlargement. Thanks to the higher productivity of labor performed under the division of tasks, the supply of goods multiplies. A preeminent common interest, the preservation and further intensification of social cooperation, becomes paramount and obliterates all essential collisions.

Catallactic competition is substituted for biological competition. It makes for harmony of the interests of all members of society. The very condition from which the irreconcilable conflicts of biological competition arise — viz., the fact that all people by and large strive after the same things — is transformed into a factor making for harmony of interests. Because many people or even all people want bread, clothes, shoes, and cars, large-scale production of these goods becomes feasible and reduces the costs of production to such an extent that they are accessible at low prices.

The fact that my fellow man wants to acquire shoes as I do, does not make it harder for me to get shoes, but easier. What enhances the price of shoes is the fact that nature does not provide a more ample supply of leather and other raw materials required, and that one must submit to the disutility of labor in order to transform these raw materials into shoes. The catallactic competition of those who, like me, are eager to have shoes makes shoes cheaper, not more expensive…

The fact that not all human wants can be satisfied is not due to inappropriate social institutions or to deficiencies of the system of the market economy. It is a natural condition of human life. The belief that nature bestows upon man inexhaustible riches and that misery is an outgrowth of man’s failure to organize the good society is entirely fallacious.

The “state of nature” that the reformers and utopians depicted as paradisiac was in fact a state of extreme poverty and distress.

“Poverty,” says Bentham, “is not the work of the laws, it is the primitive condition of the human race.”2

Even those at the base of the social pyramid are much better off than they would have been in the absence of social cooperation. They too are benefited by the operation of the market economy and participate in the advantages of civilized society…

 

 

 

 

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Pence: US Had ‘No Choice’ But to Scrap Key Nuclear Treaty – News From Antiwar.com

Posted by M. C. on April 4, 2019

https://www.cbsnews.com/news/trump-takes-credit-for-nuclear-arsenal-that-was-largely-modernized-by-obama-administration/

Much of the improvements to the (nuclear) arsenal, however, were carried out by the Obama administration…

It is OK for US…

https://news.antiwar.com/2019/04/03/pence-us-had-no-choice-but-to-scrap-key-nuclear-treaty/

Speaking at a NATO event in Washington on Wednesday, Vice President Mike Pence claimed that President Trump had “no choice” but to withdraw the US from the Intermediate Range Nuclear Forces Treaty (INF) and it is all Russia’s fault…

If the US wanted Russia to stop testing missiles which are arguably in violation of the INF, pursuing them within the treaty would make a lot more sense than getting rid of the treaty itself, which gives Russia a justification to go further with such developments just to counter the presumptive US missiles the Pentagon wants.

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Rachel Maddow’s post-Mueller investigation wall of crazy.

Posted by M. C. on April 4, 2019

I’ll admit that I haven’t watched Maddow regularly for the past few years. Turning on her show this week was like discovering a Facebook friend is on the verge of a nervous breakdown. She looks the same as she did, she even sounds the same, but 15 minutes into a conspiratorial rant with no sense of proportion or, honestly, responsibility, you realize that something has gone wildly wrong:

https://slate.com/culture/2019/03/rachel-maddow-mueller-report-trump-barr.html

By

…Since Donald Trump’s election, Rachel Maddow has climbed to the top of the cable news ratings with a resistance bullhorn and a conspiratorial vision of the Trump presidency. She has traded the No. 1 slot with Fox’s leading conspiratorialist Sean Hannity, the flip side of her cabal-spotting coin. (In the days since the Mueller investigation concluded, Maddow’s ratings have dipped significantly while Hannity’s have risen.) Hannity, the president’s phone a friend, is widely understood to be a propagandist for the administration—perhaps even by his own audience, MAGA devotees who would never hold such a thing against him. Night after night he pushes deranged “factual” interpretations—Alexandra Ocasio-Cortez is an actress, not a congresswoman; the Mueller investigation is an attempted deep state coup—that turn the world into a wall of crazy targeting the Trump regime.

But Maddow too, has turned the universe into an intricate web of intersecting plots that all lead to one conclusion: collusion. In the days since the Mueller report was sent to Barr, Maddow has held fast to her faith that Mueller is some kind of avenging hero, who will get Trump in the end. “As we await the Mueller report,” she said on Tuesday night, “we are left with this incredibly provocative set of unexplained behaviors.” Then she cued up “the mystery sound,” a not particularly eerie ding she used to introduce a long digression about a still-active “mystery case,” in which a “mystery company owned by mystery country” has resisted all attempts to testify about some mystery topic at the special prosecutor’s request, which she then tied to a number of other still active parts of the Mueller investigation, which she intimated could still result in something damning…

That last part is the most remarkable piece of Maddow’s show since Mueller began to close up shop: the abiding dream of Robert Mueller. In Maddow’s 15 questions on Monday night, she never entertained the possibility that things might have gone exactly as Mueller expected them to. She began with a long monologue about Leon Jaworski, the second special prosecutor on Watergate, drawing a parallel between Jaworski and Mueller that pinned the differences between the outcome of their respective investigations solely on the AG’s behavior. There is so much to be enraged and curious about when it comes to the handling of the Mueller report so far, but anyone seriously grappling with why it has been managed in the way that it has—why one person’s interpretation of a two-year investigation has come to stand in for whatever it contains—has to contend with the possibility that Barr’s interpretation might be accurate and that Mueller was prepared for this outcome. But Maddow has entertained zero criticism of Mueller, he’s the protagonist she’s sticking with, and zero engagement with the possibility that this—the “this” that includes indictments of several top Trump pals but not the man himself—is it. Instead, she’s just gathering thread for her next loop around the pushpins…

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Report: Rachel Maddow caught in brazen lie regarding ...

 

 

 

 

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The Brexit Desperation Rises as the Betrayal Deepens – Gold Goats ‘n Guns

Posted by M. C. on April 4, 2019

https://tomluongo.me/2019/04/02/brexit-desperation-betrayal-deepens/

British parliament is now worse than a joke. And they have no one to blame but themselves.

As I watch the desperation of these people, obviously loyal to the European Union first and their constituents a distant fourth or fifth — after themselves, their party and any corporate lobbyists — it’s clear they don’t have any clue as to how to get out of the mess they’ve made for themselves.

Yesterday the British parliament again took over the business from the government and again was incapable of providing any direction to that government as to what kind or type of Brexit would be acceptable.

Mike Shedlock has a good run-down of the votes themselves if you are interested in what terminal virtue-signaling looks like. Mike thinks:

There will likely be one more round of “indicative votes” and also likely May’s Deal vs No Deal or the result of the indicative vote.
There are options left. Theresa May will try to steer this to the vote she wanted all along: My Deal or No Deal.
If she can achieve that, I suspect it will pass but it is by no means certain.

I agree with the first point but the real challenge is neither of the options he lays out, there’s a bigger problem as of today. It is the latest betrayal of Brexit by Oliver Letwin and Yvette Cooper who will try and ram through a long-extension bill on Wednesday to put off Brexit for an indefinite period of time…

Politicians are a feckless and cowardly lot. They exist only to get re-elected and retain the perks of the office.

This is especially true in Britain as so many of them are incapable of holding, in Nigel Farage’s words, “a proper job” where they provide something of value in exchange for their time.

They are only good at one thing: being members of parliament, conniving for their own advantage…

The EU wants the deal they dictated to Theresa May. She can’t deliver that. Now both will conspire to destroy both parties and betray Brexit.

In America, bipartisanship is just a euphemism for the two parties coming together to screw the people. That’s how we get everything bad in the U.S. The same thing will happen here over Brexit.

Corbyn and May will lock horns and we’ll find out who is made of what. You know I think Theresa May is made of Gypsum, so all Corbyn has to do is access what’s left of his testosterone after a lifetime of selling it out to Marxism and Brexit will be over…

Be seeing you

prince-charles-feb-1-2017-balloon-getty-640x480

 

 

 

 

 

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Being A Progressive Muslim From Prairie Home Companion Land Does Not Mean You Are Always Wrong.

Posted by M. C. on April 3, 2019

aipac

This should NEVER happen.

USS Liberty

LBJ said “cover it up”. He didn’t want to offend our “friends”.

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