Socialism
31 January 2010 >>
As relayed by Stephen Bainbridge: One day shortly after the Second World War ended, Winston Churchill and Labour Party Prime Minister Clement Attlee encountered one another at the urinal trough in the House of Common’s men’s washroom. Attlee arrived first. When Churchill arrived, he stood as far away from him as possible. Attlee said, “Feeling standoffish today, are we, Winston?” Churchill said: “That’s right. Every time you see something big, you want to nationalize it.”
21 May 2009 @ 7:26PM >>
In 21 st century America, the federal government’s solution to every financial problem seems the same: people who are responsible with money are forced to foot the bill for the reckless.
Video >>
28 April 2009 @ 7:59PM >>
Today, we have dueling Quotes of the Day: In this corner, we have Larry Kudlow: What is going on in this country? The government is about to take over GM in a plan that completely screws private bondholders and favors the unions. Get this: The GM bondholders own $27 billion and they’re getting 10 percent of the common stock in an expected exchange. And the UAW owns $10 billion of the bonds and they’re getting 40 percent of the stock. Huh? Did I miss something here? And Uncle Sam will have a controlling share of the stock with something close to 50 percent ownership. And no bankruptcy judge. So this is a political restructuring run by the White House, not a rule-of-law bankruptcy-court reorganization.
...and in this corner, John Hinderaker: One hallmark of organized crime loan-sharking is that, once you are in debt to the mob, you are never allowed to pay off the principal. No matter how much you pay, you always owe more. The mob squeezes you for everything you have. Until a few months ago, I never expected to see an analogy between the U.S. Department of the Treasury and the Mafia. But is it unreasonable to see a parallel in the government’s refusal to allow banks that have borrowed money under TARP to repay it? Does it not appear that financial institutions that became enmeshed with the government, and are now being dictated to by the government, find it increasingly difficult to extricate themselves?
So the federal government along with the unions will have total control over not only General Motors, but Chrysler too. Meanwhile, the federal government can indefinitely extend its control of certain banks by refusing to let them repay government loans. How is this not socialism, exactly?
26 March 2009 @ 9:03AM >>
Thanks to everyone who came to the Indoctrinate U screening at the New York International Independent Film and Video Festival on Tuesday evening! It turned out to be quite a success, and undoubtedly, the festival organizers noticed the crowded theater and enthusiastic audience. It was nice to meet a number of folks I knew only online, and thanks to the wonders of Facebook (yes, you can find me there), there was at least one member of the audience who I haven’t seen since 6th grade at P.S. 158. Thanks also to everyone who bought me Black-and-Tans at the Telephone Bar afterwards, although it required me to ingest a couple extra doses of coffee the next day at work. I was pretty surprised to get selected for this film festival. We haven’t had much luck on the festival circuit; the film industry isn’t much different from academia as far as groupthink goes. But because we had such a great showing, I’m sure that people in the business took note. So thanks again for the support! P.S. Sorry for the late start on the film—I wasn’t aware that a half-hour short film was going to be shown before Indoctrinate U.
9 January 2009 >>
Paul Hsieh explains how socialized medicine will lead to the government control over virtually every aspect of your existence: Imagine a country where the government regularly checks the waistlines of citizens over age 40. Anyone deemed too fat would be required to undergo diet counseling. Those who fail to lose sufficient weight could face further “reeducation” and their communities subject to stiff fines. Is this some nightmarish dystopia? No, this is contemporary Japan. The Japanese government argues that it must regulate citizens’ lifestyles because it is paying their health costs. This highlights one of the greatly underappreciated dangers of “universal healthcare.” Any government that attempts to guarantee healthcare must also control its costs. The inevitable next step will be to seek to control citizens’ health and their behavior. Hence, Americans should beware that if we adopt universal healthcare, we also risk creating a “nanny state on steroids” antithetical to core American principles. Other countries with universal healthcare are already restricting individual freedoms in the name of controlling health costs. For example, the British government has banned some television ads for eggs on the grounds that they were promoting an unhealthy lifestyle. This is a blatant infringement of egg sellers’ rights to advertise their products. In 2007, New Zealand banned Richie Trezise, a Welsh submarine cable specialist, from entering the country on the grounds that his obesity would “impose significant costs ... on New Zealand’s health or special education services.” Richie later lost weight and was allowed to immigrate, but his wife had trouble slimming and was kept home. Germany has mounted an aggressive anti-obesity campaign in workplaces and schools to promote dieting and exercise. Citizens who fail to cooperate are branded as “antisocial” for costing the government billions of euros in medical expenses. Of course healthy diet and exercise are good. But these are issues of personal - not government - responsibility. So long as they don’t harm others, adults should have the right to eat and drink what they wish - and the corresponding responsibility to enjoy (or suffer) the consequences of their choices. Anyone who makes poor lifestyle choices should pay the price himself or rely on voluntary charity, not demand that the government pay for his choices. Government attempts to regulate individual lifestyles are based on the claim that they must limit medical costs that would otherwise be a burden on “society.” But this issue can arise only in “universal healthcare” systems where taxpayers must pay for everyone’s medical expenses. Although American healthcare is only under partial government control in the form of programs such as Medicaid and Medicare, American nanny state regulations have exploded in recent years. Many American cities ban restaurants from selling foods with trans fats. Los Angeles has imposed a moratorium on new fast food restaurants in South L.A. Other California cities ban smoking in some private residences. California has outlawed after-school bake sales as part of a “zero tolerance” ban on selling sugar products on campus. New York Gov. David Paterson has proposed an 18 percent tax on sugary sodas and juice drinks, and state officials have not ruled out additional taxes on cheeseburgers and other foods deemed unhealthy. These ominous trends will only accelerate if the US adopts universal healthcare.
2 January 2009 @ 9:25AM >>
A fun fact for the new year: From 2000 to 2007, 93% of all new jobs created in the state of New Jersey were government jobs.
(Source: Wall Street Journal.)
27 October 2008 @ 8:24AM >>
An e-mail that’s making the rounds: In a local restaurant my server had on a “Obama 08” tie [...] When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need—the homeless guy outside. The server angrily stormed from my sight. I went outside, gave the homeless guy $10 and told him to thank the server inside as I’ve decided he could use the money more. The homeless guy was grateful. At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more. I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.
(Hat tip: Robert Bluey.)
26 October 2008 @ 6:48PM >>
A local TV reporter in central Florida made television history the other day by questioning Saint Barack’s running mate in a manner usually reserved for Republican candidates. And, of course, disciples of The One aren’t happy about it. So the TV station has been cut off from all access to the Obama campaign for the duration of the election. The Orlando Sentinel reports: WFTV-Channel 9’s Barbara West conducted a satellite interview with Sen. Joe Biden on Thursday. A friend says it’s some of the best entertainment he’s seen recently. [...] West wondered about Sen. Barack Obama’s comment, to Joe the Plumber, about spreading the wealth. She quoted Karl Marx and asked how Obama isn’t being a Marxist with the “spreading the wealth” comment. “Are you joking?” said Biden, who is Obama’s running mate. “No,” West said. West later asked Biden about his comments that Obama could be tested early on as president. She wondered if the Delaware senator was saying America’s days as the world’s leading power were over. “I don’t know who’s writing your questions,” Biden shot back. Biden so disliked West’s line of questioning that the Obama campaign canceled a WFTV interview with Jill Biden, the candidate’s wife. “This cancellation is non-negotiable, and further opportunities for your station to interview with this campaign are unlikely, at best for the duration of the remaining days until the election,” wrote Laura K. McGinnis, Central Florida communications director for the Obama campaign. McGinnis said the Biden cancellation was “a result of her husband’s experience yesterday during the satellite interview with Barbara West.” [...] WFTV news director Bob Jordan said, “When you get a shot to ask these candidates, you want to make the most of it. They usually give you five minutes.” Jordan said political campaigns in general pick and choose the stations they like. And stations often pose softball questions during the satellite interviews. “Mr. Biden didn’t like the questions,” Jordan said. “We choose not to ask softball questions.”
You can watch the interview here.
21 October 2008 >>
The current market turmoil is not due to an insufficient amount of government meddling; quite the opposite, as the Washington Post notes in an editorial today: [T]he problem with the U.S. economy, more than lack of regulation, has been government’s failure to control systemic risks that government itself helped to create. We are not witnessing a crisis of the free market but a crisis of distorted markets. [...] We’ll never know how this newly liberated financial sector might have performed on a playing field designed by Adam Smith. That’s because government interventions of all kinds, from the defense budget to farm supports, shaped the business environment. No subsidy would prove more fateful than the massive federal commitment to residential real estate — from the mortgage interest tax deduction to Fannie Mae and Freddie Mac to the Federal Reserve’s low interest rates under Mr. Greenspan. Unregulated derivatives known as credit-default swaps did accentuate the boom in mortgage-based investments, by allowing investors to transfer risk rather than setting aside cash reserves. But government helped make mortgages a purportedly sure thing in the first place. Home prices seemed to stand on a solid floor built by Washington.
Since no government regulator can know in advance how new man-made economic rules will affect the financial choices people make, no regulator is ever capable of understanding the full set of potential pitfalls those regulations could create. Any wholesale changes to the functioning of our markets is therefore extremely risky. In a political environment like this, new regulations are an easy sell. People will support any bill that puts a stop to Demonized Financial Activity X—as long as they think it’ll only cost other people. But when deciding whether to support a particular regulatory solution, remember that you’ll never get to hear a full accounting of its possible downsides. That’s because there’s no human or computer on the planet capable of accurately modeling the quintillions of variables that will also change as those regulatory changes ripple through the world’s economic oceans. New regulations may seem obvious, but the damage they can cause rarely is, sometimes even in retrospect. Since those with an ample supply of pessimism are already comparing our economy to that of the Great Depression—I’m not denying there’s the potential for pain in our future, but call me once the economy has contracted by 33% or when unemployment hits 25%—perhaps it’s useful to recall what happened in the 1930s when government bureaucrats in their infinitesimal wisdom decided that they knew better than markets: Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt. After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years. [...] “The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”
Sadly, our country once again seems to be blindly groping its way towards socialism.
30 June 2008 >>
This is an old quote from a six-time Socialist Party candidate for President who died in 1968, but as the years go by, it looks more and more accurate: The American people will never knowingly adopt Socialism. But under the name of liberalism they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.
Norman Thomas
5 October 2007 @ 9:12AM >>
If an extremist group such as the Ku Klux Klan sponsored rallies in Washington D.C. that drew hundreds of thousands of people, I suspect the media would report who was behind the protests. But several years ago, when anti-war protesters started rallying under the banners of communist relics, the media kept silent. The fact that the media was ignoring the radical element of the groups organizing the anti-war rallies was the prime reason that I was motivated to shoot the first few videos for this site. Now that the protest movement has fizzled, a little light is finally being shed on the shady groups that sponsor the rallies. Reuters reports: Saturday’s protest, sponsored by the Troops Out Now Coalition, came two weeks after an antiwar event sponsored by the ANSWER Coalition, which drew roughly 10,000 people. ANSWER also sponsored a rally in March. The groups’ agendas are similar, opposing what they call “imperialist” U.S. policy not only in Iraq but toward countries like Cuba and Iran — which has alienated some supporters. [...] Both groups’ leaders were associated with the Workers World Party, which advocates a shift toward a Soviet-style planned economy. But a 2004 dispute prompted some members to form the splinter Party for Socialism and Liberation.
I wouldn’t exactly call this extensive reporting—only two sentences alluding to the extremism of the organizers—but these few words are still the most I’ve seen the establishment press write about the ideological underpinnings of the protest movement. And this is years after the fact, and only after the groups proved ineffective. Why are we just hearing about this now? Why hasn’t this been more extensively reported? Or even reported at all? My suspicion is that reporters feared mentioning this sooner because it would have marginalized the protest movement. The protest leaders would be seen for the extremists that they are. Perhaps I should be thankful for the media not doing its job. If this information had been reported several years ago when the story was still relevant, I might not have ended up with a career as a filmmaker.
16 February 2007 @ 7:49AM >>
Socialism always leads to the same predictable ruin for nations ignorant of history. Yet for some reason, the ideology that enslaved millions throughout the 20th century still appeals to wide-eyed leftists throughout academia and around the globe. Venezuela is the latest country to fall victim to the delusion of utopia through socialism: Meat cuts vanished from Venezuelan supermarkets this week, leaving only unsavory bits like chicken feet, while costly artificial sweeteners have increasingly replaced sugar, and many staples sell far above government-fixed prices. President Hugo Chavez’s administration blames the food supply problems on speculators, but industry officials say government price controls that strangle profits are responsible. Such shortages have sporadically appeared with items from milk to coffee since early 2003, when Chavez began regulating prices for 400 basic products as a way to counter inflation and protect the poor. Yet inflation has soared to an accumulated 78 percent in the last four years in an economy awash in petrodollars, and food prices have increased particularly swiftly, creating a widening discrepancy between official prices and the true cost of getting goods to market in Venezuela. “Shortages have increased significantly as well as violations of price controls,” Central Bank director Domingo Maza Zavala told Union Radio on Thursday. “The difference between real market prices and controlled prices is very high.” Authorities on Wednesday raided a warehouse in Caracas and seized seven tons of sugar hoarded by vendors unwilling to market the inventory at the official price. Major private supermarkets suspended sales of beef earlier this week after one chain was shut down for 48 hours for pricing meat above government-set levels, but an agreement reached with the government on Wednesday night promises to return meat to empty refrigerator shelves.
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