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Opinion from a Libertarian ViewPoint

Posts Tagged ‘Socialists’

Doug Casey on What Happens When Socialists Win Elections

Posted by M. C. on November 8, 2019

https://internationalman.com/articles/doug-casey-on-what-happens-when-socialists-win-elections/

by Doug Casey

International Man: Earlier this year, it became apparent a socialist would win Argentina’s presidential election.

The Argentine peso lost 30% of its value in a single day. The same day, in US dollar terms, the value of the Argentine stock market was cut in half.

Doug, you spend a lot of time in Argentina and the Southern Cone. What’s your take on the situation? Is Argentina headed for another currency collapse?

Doug Casey: Cristina Fernández de Kirchner was elected vice president and Alberto Fernández was elected president in the October 27 election. They basically destroyed the incumbent Mauricio Macri.

It’s a real pity because Macri is a decent human being whose heart was is in the right place politically and economically. But he was too timid. He did too little too late. Typical of “conservatives” everywhere, he didn’t make a moral argument to the populace. He made no effort to pull the corrupt fascist welfare state out by its roots, explaining why it’s destructive and why the state is the cause, not the cure, of the country’s problems. Instead, he just made some marginal improvements around the edges, and made things more comfortable for the Peronists now that they’re back in office.

And—since he’s associated with the free market—he actually discredited the free market.

In any event, Argentina is going back into the toilet. Who knows what kind of new stupidities, in addition to the usual old stupidities, the two Fernándezes are going to impose upon the country?

On the bright side—but only for tourists—Argentina is one of the cheapest countries in the world right now. That’s because the currency has collapsed. Good news for tourists and foreign speculators but a disaster for Argentines, most of whom have all their savings and earn their salaries in the increasingly worthless peso.

If you’re a long-term believer in Argentina or if you want to enjoy a great lifestyle, now’s the time to go shopping there. Real estate is at bargain levels again. There’s really no bid for a lot of properties. In Buenos Aires an apartment costs 5–10% of its equivalent in New York or London.

Things are definitely in crisis in Argentina. But the fact is that just about every other country in the world is heading in the wrong direction—at a faster or slower rate—certainly including the United States, Canada, and countries in western Europe. The socialists, the fascists, and the jingoists are in the ascendant all over the world.

There are many reasons for this. One is that Marxist-oriented professors have been indoctrinating the younger generation in high school and college for decades. The left has totally taken over educational systems everywhere. The average person has been inculcated with perverse and destructive ideas about economics, politics, philosophy, and ethics from roughly age 6 to age 22. It’s hard to get these things out of their heads once they’ve learned them in their youth.

Also, remember that, especially since the end of the 19th century, “democracy”—really just a polite form of mob rule—has been the world’s ruling ideology. It’s resulted in the politicization of all areas of society. When every parliament or legislature in the world meets, they believe it’s not just their right but their duty to pass new laws. And that’s idiotically applauded as a good thing by the hoi polloi. Those laws tell you what you must do and what you must not do and designate penalties if you don’t obey. And all that legislation, which accrues like barnacles on a ship’s hull, has to be paid for with taxes.

Fortunately, science and technology are still advancing at the rate of Moore’s Law. Unfortunately, the world is degenerating politically at about the same rate. Argentina is not an aberration from that point of view. It’s just a generation or so “ahead” of the United States in sliding down the slippery slope.

That said, it’s more important than ever that you have a crib in a second country, no matter where you live—because anything can happen anywhere. If you can afford it and are able to do so, you should have a backup plan someplace else in the world…

Over the coming decade, governments and their central banks are going to destroy their national currencies. The average guy—if he’s able to save at all—saves in dollars, euros, or yen, etc. He’s going to be wiped out.

The rich will continue to get richer, because they stand next to the fire hose of money being created. The middle and lower classes resent the politically favoured classes getting more. The middle and bottom levels of society could see real social upset, with catastrophic political ramifications.

It’s one of the reasons the odds favor Trump losing in 2020. I say that as someone who bet that he’d win in 2016. If the economy gets ugly, you’re going to get one of these absolutely crazy socialists or welfare statists that we see lined up on the Democratic debate stage. The best case is that somebody like Bloomberg—basically kind of a mellower Trump—steps in for the Democrats.

On the off chance that Trump wins in 2020, then the storm is going to definitely break during his next administration. That guarantees that the crazy Democrats—which is to say the socialists, radical welfarites, and cultural Marxists—are going to win in the next election. The conflict in basic belief systems between the Red and Blue counties is so acrid and radical—it’s the kind atmosphere you see before a civil war.

Who knows what either the Red or Blue people will do? They’re capable of absolutely anything. None of it good. I don’t see a way out.

But let’s go back to Argentina for a minute. As I said, the US is only about a generation behind the Argentines, and the Argentine electorate has been totally corrupted. The place is a blueprint for where the United States is going.

The US’s size, accumulated capital, and the productivity of its people have insulated it from a lot of the stupid things its government and the Fed have done. But if the US destroys its currency—and it’s well on the way to doing so—it will be much worse than when the Argentines destroy their currency.

Argentines have hundreds of billions of dollars stored abroad in foreign banks. When the Argentine peso collapses, that money can be brought into Argentina to pick up the bargains and bring capital into the country to get things going again.

If the US dollar is destroyed, however, it will be completely different.

First, the dollar is the major asset of most banks all around the world. It’s actually the world’s currency. If the dollar goes, it’s going to destroy their balance sheets.

Second, people all over the world who have foreign bank accounts generally save in dollars. They’re going to be devastated.

Third, Americans don’t have a lot of money abroad to bring back into the country to get things going again. In fact, the US government has made it quite hard for the average American to diversify internationally.

Fourth, the major US export for decades hasn’t been wheat or Boeings. It’s been dollars. The foreign trade deficit of $600 billion per year has given Americans an artificially high standard of living for many years. Nice foreigners give us real goods in exchange for fiat dollars. When confidence in the dollar collapses, Americans will feel it.

So, it’s going to be extremely serious when the chickens come home to roost this time. It’s a consequence of what the Federal Reserve is doing to the dollar. They’re inflating it—but they call that “Quantitative Easing.”…

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Today’s ‘Keynesianism’ – complete garbage! Why? | Kingdom ...

 

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Socialists Want To Destroy the Family – LewRockwell

Posted by M. C. on July 30, 2019

https://www.lewrockwell.com/2019/07/michael-s-rozeff/socialists-want-to-destroy-the-family/

By

A previous blog suggested and made some arguments that congressional policies pushed by Democrats and democratic socialists are achieving the destruction of the family. Statistics on family breakdown, drug use, divorce, single-parent families, out-of-wedlock births, struggling and poor single-parent families, higher crime and delinquency from progeny of fatherless families, and dropout levels of children of single-parent families all attest to the destruction of stable nuclear families.

One factor explaining this is the welfare state. The deterioration of families coincides with its presence and expansion.

Is this what leftists and socialists wanted and still want? Do they intend to enact legislation to destroy the family? Or are they mistaken in thinking that their legislation helps people and in overlooking the actual effects? Or are both intent and blind ignorance operating together?

Motivations are a more difficult thing to ascertain, hidden as they are. One source is what the socialist intelligentsia say. A first example of socialist thinking is the article “Love and Socialism” (Feb. 13, 2018). It’s explicit:

“The end of the family as a social and economic unit will form the basis of free love, where people will be able to enter and exit relationships at their will and without fear of economic consequences. It will form the basis of equality between men and women, and remove the structural imperative of gender roles. It will open society up for love as expansive comradeship rather than as private possession.”

Even as the welfare state destroys the family, an alternative philosophy of free love is on the rise to replace it. Lew Rockwell has a 1998 article on this subject, and he refers to the pathbreaking work by Mises titled “Socialism”:

“Proposals to transform the relations between the sexes have long gone hand in hand with plans for the socialization of the means of production. Marriage is to disappear along with private property…Socialism promises not only welfare-wealth for all-but universal happiness in love as well.”

Trotsky, a major communist/socialist, had this to say in 1937 in his book Revolution Betrayed:

“The revolution made a heroic effort to destroy the so-called ‘family hearth’ — that archaic, stuffy and stagnant institution in which the woman of the toiling classes performs galley labor from childhood to death. The place of the family as a shut-in petty enterprise was to be occupied, according to the plans, by a finished system of social care and accommodation: maternity houses, creches, kindergartens, schools, social dining rooms, social laundries, first-aid stations, hospitals, sanatoria, athletic organizations, moving-picture theaters, etc. The complete absorption of the housekeeping functions of the family by institutions of the socialist society, uniting all generations in solidarity and mutual aid, was to bring to woman, and thereby to the loving couple, a real liberation from the thousand-year-old fetters.”

What this means is that the state controls the raising of children through social institutions. The family becomes an empty shell….

Socialism 2019, a conference of radical socialists had an anti-family panel:

“Transgenderism, gender nonconformity, and abolishing traditional family structures were huge issues at Socialism 2019.

“One panel, ‘Social Reproduction Theory and Gender Liberation,’ addressed how the traditional family structure reinforced capitalism and contended that the answer was to simply abolish families.

“Corrie Westing, a self-described ‘queer socialist feminist activist based in Chicago working as a home-birth midwife,’ argued that traditional family structures propped up oppression and that the modern transgender movement plays a critical part in achieving true ‘reproductive justice.’”

The conclusion is warranted that socialist philosophy, expressed by socialist intellectuals, aims to destroy the traditional family. When the welfare state causes family deterioration and amplifies the role of the state, far from this bothering these thinkers, they understand it as helping to achieve their goal.

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FALSE: Hillary Clinton Said the Role of the State Is to ...

 

 

 

 

 

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EconomicPolicyJournal.com: Why Male Soccer Players Make More Than Female Soccer Players

Posted by M. C. on July 12, 2019

The women are actually paid proportionally more than the men, however — 13% versus 9% of total revenues.

Few understand that everything is a function of some sort of economics.

Will I mow the lawn or watch the big game? Which is more valuable at this particular time? That is an economic decision. The commodity is personal time, a high value item.

According to this and other places we have read women’s soccer is light years away from mens soccer in how people want to spend their personal time and money.

Unfortunately for Megan Rapinoe’s paycheck women’s soccer is not as valuable a commodity as some other things.

I have no data but this does not seem to be the case in women’s tennis or golf, at least complaints don’t seem so prevalent.

https://www.economicpolicyjournal.com/2019/07/why-male-soccer-players-make-more-than.html

By Thomas DiLorenzo

A stadium full of French socialists chanted “Equal Pay!  Equal Pay!” after the U.S. women won the World Cup over the weekend.  They were supporting the complaints of perpetually-angry-and-complaining Megan Rapinoe, the star of the U.S. women’s soccer team, about how the women are paid less than the men.
A little elementary economics can help explain why Megan is way out in left field on this.  In a competitive market economy world one’s pay is correlated with one’s marginal productivity.  That’s an economics term for how much you, as an employee, contribute to your employer’s profits.  The more skilled, experienced, educated, and hard working you are, the higher is your marginal productivity and your value to employers.  An important element of this is what the product or service is that you are involved in producing.  If there is strong consumer demand for the product or service, then your services in producing it will be worth more to employers.  I could be the best horse-and-buggy whip maker in history, but if there is slight demand for horse-and-buggy whips I won’t make much money.
Now, back to soccer.  In the last men’s world cup event in Russia, revenues, mostly from television, were about $6 billion.  For the recent women’s world cup they are estimated to be about $131 million, a small fraction of the men’s revenues (a little less than one-fiftieth).  Orders of magnitude more people watch men’s soccer than women’s soccer.  Compared to men’s soccer, hardly anyone cares about women’s soccer.   The women are actually paid proportionally more than the men, however — 13% versus 9% of total revenues.

 

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Black Markets Show How Socialists Can’t Overturn Economic Laws | Mises Wire

Posted by M. C. on June 24, 2019

https://mises.org/wire/black-markets-show-how-socialists-cant-overturn-economic-laws

If we consider economics to be an objective science, its rules should also have universal significance and use, despite differences in societal order. However, socialists of the materialist camp are committed to the idea that common ownership of the means of production would change the way economic laws unfold under socialism. Basically, they reject the notion of the universality and objectivity of economic rules by suggesting that the laws would change along with a change to the social formation.

Thus, communists adhered to the Marxian idea that socialism would rectify a “surplus value” law, end the “exploitation” of workers, and efficiently regulate the production, distribution, and consumption aspects of the economy. They sought to eliminate the market regulatory mechanism and replace it with directives of the central planning authority. Bolsheviks enthusiastically got down to business: they eradicated private property, collectivized everything and everyone, and implemented an official planned economy.

Did it effectively turn off market relations as they thought it would?

No. In contrast to the common perception, socialism has been unable to kill the market economy. The market went underground and turned into a black market. Black markets existed in capitalist countries as well, but they worked underground because they dealt in illegal commodities and services. The black market under socialism served the same purpose, but the list of commodities and services included mostly items of everyday and innocent consumption that people under capitalism could easily purchase in stores. Virtually all groups of personal consumption products found their way to the black market at some time and in some places. Everything from jar lids to toilet paper was subject to black-market relations.

Despite the proclaimed planned economy, people were engaged in market relations on all levels and trusted more the price of the goods and services that were established by the market and not dictated by the government. The official exchange rate of the ruble to the dollar was 0.66 to 1 in 1980. But nobody except party nomenclature was able to enjoy such a favorable exchange rate. At the same time, the black market offered 4 rubles for 1 American dollar.

There was no production of jeans in the Soviet Union, but like all their peers abroad, Soviet youth wore jeans. The price was 180–250 rubles for a pair depending on the brand, which was almost twice as much as the monthly wage of an entry-level engineer. A visiting nurse charged 1 ruble for one injection if a patient lived below the fifth floor. The price reached 1.5 rubles for patients who lived on the fifth floor and up. A plumber happily repaired a faucet for just a bottle of vodka.

Two Prices for Everything

Therefore, in the Soviet Union, any significant goods had two price tags: one real and another virtual. The state set the first price through some obscure methods; the usual mechanism of supply and demand established the second price on the market. If you were lucky, after several hours of standing in a queue, you could purchase goods at the state price. However, due to the chronic lack of everything for everyone, the same product could be bought on the black market at a much higher price. The virtual price became real on the black market and reflected the actual value of the goods for the buyer. The presence of two price tags is a confirmation of the thesis of Ludwig von Mises regarding the impossibility of economic calculations under socialism. At the same time, this is proof of the immortality and immutability of the economic laws of the free market, even under a totalitarian regime. Therefore, two economic systems and two sets of prices co-exist under socialism…

Socialism is a set of systems that try to artificially inhibit the free flow of objective economic laws by creating subjective barriers in the form of specific legislation and punitive policies. Socialists mistakenly think that if they assault private property and market relations, the economic laws will also change. They have taken up the task which, in principle, has no rational solution. Nothing good comes from the idea of ignoring or violating the fundamental laws of economics. These laws still exist, regardless of opinions and neglect to recognize their real character and the impossibility of changing them.

Socialism disrupts the evolutionary process and leads society to a dead end. The desperate economic situation of ordinary folks in Venezuela, Cuba, and North Korea — the remnants of socialist undertakings — is a direct result of building a society in defiance of the natural action of the fundamental law of economics. As a rule, socialist regimes were buying time by employing slave labor, plunder, coercion, and everything else that an aggressive totalitarian regime could offer. However, in the end, the means of socialistic life support was exhausted, and than returning to the natural and healthy market relations, where the laws of economics work for the benefit of the human race.

The same laws of market economics have worked in different human societies: from pre-historic to post-industrial, but still socialists continue to entertain the idea of tampering with these forces of nature.

 

 

 

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Dear Socialists: The People HAVE Seized the Means of Production… Using Capitalism.

Posted by M. C. on February 13, 2019

The government is what is standing in the way of the people fully seizing the means of production. Not the capitalists…

https://www.grnewsletters.com/archive/thedailybell_newswire/Dear-Socialists-The-People-HAVE-Seized-the-Means-of-Production-Using-Capitalism-656599203.html?e=&u=S6bT5&s=oHMPjb

By Joe Jarvis

The proletariat did not have to seize the means of production in a violent socialist coup.

Capitalism handed the means of production to the workers voluntarily.

And it did so for a profit.

We traded violent destructive revolution for peaceful productive markets… and accomplished more than socialism could ever imagine. And we are just getting started.

Socialists have long seen injustice in the fact that the workers who do the labor don’t get to keep the entire product of their labor.

And capitalists have responded by claiming that providing the means of production and organization entitle them, not the workers, to the profits.

But the entire argument is moot.

Production costs have dropped so low that basically anyone can accumulate the capital to launch an independent endeavor.

And that has revealed that it was never really about the capital…

Socialists are right about one thing: labor is the main driver behind production.

Unfortunately, they fail to see the value in the labor of the capitalists and managers.

Allocating capital to productive endeavors takes skillful labor. Organizing and running a business takes skillful labor. That’s why most new businesses fail.

But any worker who has these skills can now buck their capitalist overlords, seize their own means of production, and the socialist revolution is complete…

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