MCViewPoint

Opinion from a Libertarian ViewPoint

Brazil’s Sad Tale Sounds Familiar

Posted by M. C. on March 27, 2024

Why Alex Fled Socialism

RT: Restoring Truth

As a newer American citizen with first-hand experience of socialist blight, Alex fears that socialism will bring another once-prosperous country to its knees. I was therefore intrigued by his take on young Americans’ economic make-believe; he described the hard facts that these hare-brained fantasies never include.

Some things in life will never dwell together in unity. Examples from the physical world illustrate this easily—oil and water, equal magnetic poles, or cats and birds. The ideological world provides even more examples— prosperity and socialism, for example. As with other South American victims of the Left, this point is illustrated clearly in Brazil.

Younger Americans nonetheless love to agitate for socialism’s shiny promises—the “free” stuff like college educations and medical care, or the “cool” stuff, like high-speed rail or mass transit. Life under socialism appears to be one big, happy hostel, full of licentious delights, music festivals, and climate-friendly “solidarity”. What was “available for years in Europe” is now available here—if only people will, “like, save democracy” and vote!

Like European cars, real socialism would presumably bring stylish improvements to the clunkier traditions of American life. For the star-gazing Left and its young disciples, there is something pleasing and progressive about socialism’s brutalist, gender-fluid aesthetic. Regardless of the hipster window dressings applied to this dismal philosophy, though, one will only find the old deprivations and tyrannies within.

My regular Uber driver, a Brazilian guy named Alex, only shakes his head at his American peers’ mindless appetite for socialism. Like many in the ride share business, Alex is finding some success here. He’s happy to work long hours and build wealth along with his wife, who is also a citizen, now pregnant with their first child. Over the course of several airport drives, he described Brazilian socialism—the popularly touted “social democratic” variety that he escaped through a costly and legal immigration process.

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As a newer American citizen with first-hand experience of socialist blight, Alex fears that socialism will bring another once-prosperous country to its knees. I was therefore intrigued by his take on young Americans’ economic make-believe; he described the hard facts that these hare-brained fantasies never include.

Surprisingly, his heavily-accented personal history doesn’t focus on stories of privations, shortages and censorship—although he observed those things, too. Instead, most of his Brazilian backstory was disturbingly relatable; it was as if he was describing my American life from a vista of the future, just a little further on down our current road.

When I asked about the “free” medical care enjoyed in Brazil—the left’s famously touted benefit of socialism—he shared his experience working for an oncology practice, where he scheduled patients for cancer surgeries. As is always true, “free” wasn’t worth much at the doctor’s office; most Brazilians still need private insurance because government medical care is poor— if you ever manage to get it. On many occasions, by the time he contacted cancer patients on the long waitlist, the patient had already died.

Government schools—both in Brazil and here— are the training and acclimation grounds for all such dismal results. Brazil teaches us where a socialist education model leads; public high schools and universities there are known to hang posters of Marx or Che Guevara. Public education is generally abysmal, so even struggling middle-class families will cobble funds to send their kids to private schools instead. Sexual performance “art” is increasingly common on college campuses. None of this is difficult for Americans to imagine anymore—to a large degree, it’s already happening here, too.

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Pawn Shop Inventories Are Exploding As The Failing U.S. Economy Hammers Those At The Bottom Of The Economic Food Chain

Posted by M. C. on March 27, 2024

When the government says something is going great, take it with a 5lb…4lb bag of salt.

by Michael

How much longer will the Biden administration and the mainstream media continue to deny that we are in the midst of a very painful economic downturn?  Debt levels have never been higher, delinquency rates are spiking, the commercial real estate market is crashing, the banking industry is mired in turmoil and large companies are conducting mass layoffs all over the nation.  Anyone that attempts to claim that the U.S. economy is in good shape is just being delusional.  Unfortunately, it is those that are at the bottom of the economic food chain that are being hurt the most.

If you want to know what is really going on with the economy, pawn shops are a great place to look.

When the economy is doing well, pawn shop inventories tend to go down because people aren’t pawning much stuff and there is lots of buying going on.

But when the economy is not doing well, pawn shop inventories tend to go up because people are pawning lots of stuff for fast cash and there aren’t as many buyers as there were during the good times.

So what are we seeing during the early stages of 2024?

One pawn shop owner that was recently interviewed by USA Today admitted that he has “a glut of inventory” right now…

Clay Baron has everything in his pawn shop from gold rings and pearl necklaces to vintage cowboy boots, silver belt buckles, stereos and ticking clocks.

The only thing he’s short on is space. “Right now we have a glut of inventory,” Baron said, “which tells me that our clientele doesn’t necessarily have money.”

Accumulating pawn shop inventory means fewer buyers than sellers – a sign that for the lowest-income Americans, times remain tough.

That same article pointed out that inventory levels have also grown rapidly at some of the largest pawn shop chains in the entire nation…

Two of the largest, publicly traded pawnshop corporations in the U.S. – which between them own roughly 1,700 pawnshops nationwide – are also reporting growing inventory and increased demand for short-term loans.

FirstCash Holdings Inc. operates nearly 1,200 pawnshops under the FirstCash and Cash America brands in 29 states and the District of Columbia. The company reported “record pawn receivables” in its most recent year-end earnings report and a 10% increase in inventory at its U.S. stores.

EZCORP Inc. also owns 530 pawnshops in the U.S. and reported an 8% increase in inventory at U.S. stores in the company’s latest earnings report. The “challenging macro-economic backdrop” continued to fuel demand for short-term cash loans, the company said.

If anyone comes to you and tries to convince you that the economy is doing well, just show them these numbers.

That will be the end of any debate.

See the rest here

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“Capitalism Has Failed”

Posted by M. C. on March 27, 2024

by Jeff Thomas

Whenever I’m confronted with this now oft-stated comment, my first question to the person offering it is, “Have you ever lived in a capitalist country?” That is, “Have you ever lived in a country in which, during your lifetime, a free-market system dominated?”

Most people seem initially confused by this question,

In recognizing the traditional definition of fascism, there can be no doubt that fascism is the driving force behind the economies of North America and Europe.

Today, more than at any time previously, Westerners are justifying a move toward collectivist thinking with the phrase, “Capitalism has failed.”

In response to this, conservative thinkers offer a knee-jerk reaction that collectivism has also had a dismal record of performance. Neither group tends to gain any ground with the other group, but over time, the West is moving inexorably in the collectivist direction.

As I see it, liberals are putting forward what appears on the surface to be a legitimate criticism, and conservatives are countering it with the apology that, yes, capitalism is failing, but collectivism is worse.

Unfortunately, what we’re seeing here is not classical logic, as Aristotle would have endorsed, but emotionalism that ignores the principles of logic.

If we’re to follow the rules of logical discussion, we begin with the statement that capitalism has failed and, instead of treating it as a given, we examine whether the statement is correct. Only if it proves correct can we build further suppositions upon it.

Whenever I’m confronted with this now oft-stated comment, my first question to the person offering it is, “Have you ever lived in a capitalist country?” That is, “Have you ever lived in a country in which, during your lifetime, a free-market system dominated?”

Most people seem initially confused by this question, as they’re residents of either a European country or a North American country and operate under the assumption that the system in which they live is a capitalist one.

So, let’s examine that assumption.

A capitalist, or “free market,” system is one in which the prices of goods and services are determined by consumers and the open market, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

Today, none of the major (larger) countries in what was once referred to as the “free world” bear any resemblance to this definition. Each of these countries is rife with laws, regulations, and a plethora of regulatory bodies whose very purpose is to restrict the freedom of voluntary commerce. Every year, more laws are passed to restrict free enterprise even more.

Equally as bad is the fact that, in these same countries, large corporations have become so powerful that, by contributing equally to the campaigns of each major political party, they’re able to demand rewards following the elections, that not only guarantee them funds from the public coffers, but protect them against any possible prosecution as a result of this form of bribery.

There’s a word for this form of governance, and it’s fascism.

Many people today, if asked to describe fascism, would refer to Mussolini, black boots, and tyranny. They would state with confidence that they, themselves, do not live under fascism. But, in fact, fascism is, by definition, a state in which joint rule by business and state exists. (Mussolini himself stated that fascism would better be called corporatism, for this reason.)

In recognizing the traditional definition of fascism, there can be no doubt that fascism is the driving force behind the economies of North America and Europe.

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Pres. Obama Didn’t Believe in the Principles and Values of America – Chief Divider | Thomas Sowell

Posted by M. C. on March 27, 2024

Pres. Barack Obama is the embodiment, the personification, and the culmination of dangerous trends that began decades ago. Moreover, he has escalated those dangers to what may be a point of no return.

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Congressional Omnibus is Like a Bad Hollywood Movie Sequel

Posted by M. C. on March 26, 2024

by Ron Paul

Unfortunately, this latest sequel is as bad as the previous ones, as the American people are left with a massive $1.2 trillion dollar spending package to add to our already $34 trillion in debt. Military spending will, of course, be increased yet again, as the military-industrial complex demands more of our wealth to feed its ever-increasing appetite.

https://ronpaulinstitute.org/congressional-omnibus-is-like-a-bad-hollywood-movie-sequel

This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from a “government shutdown!”

The heroes have saved the day!

Unfortunately, this latest sequel is as bad as the previous ones, as the American people are left with a massive $1.2 trillion dollar spending package to add to our already $34 trillion in debt. Military spending will, of course, be increased yet again, as the military-industrial complex demands more of our wealth to feed its ever-increasing appetite. And if this military spending increase is not enough, Congressional leadership is promising another huge supplemental bill to further fuel proxy wars in Ukraine and Gaza – with some money to provoke China as well.

Republicans like to talk a good game about reining in spending – especially during election season – but as we learned with this “compromise” and all previous “compromises, it’s all talk. At the end of all the dramatic warnings about shutting the government down, we are left with a Washington-style compromise, meaning the leadership of both parties gets to throw anything and everything they want into the massive bill. Because it is only presented to the rank and file at the last moment before “disaster,” none of the Members get a chance to even read it, much less shape it through amendments and debate.

The Republican House leadership promised the Members 72 hours to read any new bill before a vote, but they broke their promise without hesitation. Members would not have the chance to read the more than 1,000 page bill, which was worked out in secret behind closed doors

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Taxing The Rich To Help The Poor Or To Send It Overseas? Thomas Sowell

Posted by M. C. on March 26, 2024

Some years ago, in my syndicated column, I challenged anyone to name any economist, of any school of thought, who had actually advocated a “trickle down” theory. No one quoted any economist, politician or person in any other walk of life who had ever advocated such a theory, even though many readers named someone who claimed that someone else had advocated it, without being able to quote anything actually said by that someone else.

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Free Stuff

Posted by M. C. on March 26, 2024

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Joe Biden Is Now Targeting 82-Year-Old Veterans

Posted by M. C. on March 25, 2024

The Biden administration is trying to send an 82-year veteran to prison for life for the crime of repeating ‘Russian misinformation.’ The scariest, most important criminal case you’ve probably never heard of.

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Affordable Housing – Government Topples Realtors

Posted by M. C. on March 25, 2024

We can be assured, this is not the last private industry that will take a hit.   Hospitality is likely the next playground to be hit by the bullies.   Having fun needs to be relegated to the elite with money, not the plebes. 

by Helena

Posted on by Helena

Houses are not affordable.  Despite all the best efforts of government to control the value of your property, they have continually failed.   Prices continue to rise.   The culprit?   Realtors.   Apparently, the agency fees to represent the buyer and seller transaction have caused the real estate boom that has made housing unaffordable.   How much truth is in this new indoctrination?

In 1940 the realtor commission was 5%.   In 1980, the realtor commission rose to 6%.   The same 6% it is today.   But somehow, despite 40 years of paying the same commission, The Economist powers that be, have decided this isn’t equitable.   It isn’t fair.   And therefore, elimination of this fee will reduce the cost of a home and make it affordable…   That would be the logic.   But what is the reality?

Homeowners have the option of selling without a realtor.  They also have the option of using the flat fee companies..   Or they had the option of utilizing the expertise of a realtor who has passed rigorous courses and exams on contract law, title law, foreclosures, and inspections.  A choice.  That choice is being removed by the Powers.  Why?

HINT:  it has absolutely nothing to do with affordable housing.  

When you remove an industries ability to charge a fee and make money, you are attacking the industry – not helping the poor.   Let’s say doctors are no longer allowed to charge a fee, does that mean healthcare costs will drop?   No.  It means there will be no more doctors and healthcare won’t exist.  For the Real Estate industry that translates to  homeowners being left to mitigate scams, fraud, theft, liability, and corruption.   And the tight housing market will become that much more tight as homeowners decide to renovate instead of move.

Builders reap the benefit.

Builders can dangle the carrot of discounted interest rates.  They run the show. When no agent is there to represent your best interest – for free – you pay top dollar.   And who is selling at top dollar?   The Hedge Funds that scooped up entire neighborhoods at a 2% fixed rate of interest and now want to divest their inventory – charging a ‘discounted’ interest rate of 5.5% when the market is 7.25%.   Now you are buying more home for the same price because of the “interest rate” – not because of realtor fees.

How much more home?   A $500,000 home at 7.25% costs $3,411 per month.   At 5.5% – you can now afford a $600,000 home for the same monthly payment.   Who wins?   The BUILDER!

Did eliminating the realtor bring down home values?   No.  It moved the buyers from existing homes to new homes that are sitting vacant.

And the headlines read:  2024 Primed To Be Stellar Year For Homebuilders.   Realtors?   Not so much.

The realtor settlement for repaying homeowners deemed to have been over-charged/gouged by 6% over the last decade – is $418 million.   Number of potential homeowners eligible for a cut?   50 million.  Amount that will go to legal representation to collect any money?   35%.   Which is somehow NOT deemed excessive.

According to The Economist, the realtor commission is a racket, a mob rule that gouges the buyer and the seller.   The average estimated savings for a median home sale – $10,000.   Example:   a house selling for $500,000 would incur a commission fee of $30,000.  A negotiated commission at 4% would save $10,000.    By comparison, a reduced interest rate from 7.25% to 4.25% would save $11,400.  If the Federal Reserve dropped interest rates to the level they were prior to Brandon, the annual savings would be $17,220.

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Asian-Americans are Overachievers, This is Why | Thomas Sowell

Posted by M. C. on March 25, 2024

“Because they work”

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