Tag: Socialism

Member Post

 

An astonishing 51 percent of millennials do not support capitalism according to a recent survey by Harvard University. They look around at the inexpensive, abundant goods provided by the free market, and the billions of people that have been lifted out of poverty by that market, and say, “nah.” Of course part of that is that […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

All Power to the Sanderistas

 

Buoyed by a string of victories in the Democratic primaries, Senator Bernie Sanders is doing his best Jerry Quarry impression to Hillary Clinton’s Muhammad Ali: Acting as a tune-up fight in advance of her inevitable nomination and title bout with a Republican. Watching Sanders’s Rally in Rochester on Tuesday, his true believers seem oblivious to the delegate math that stands in the way of their preferred candidate winning the nomination. To be fair though, math was never a strong suit of socialists.

Member Post

 

The definition of Socialism has always been that the means of production is owned, not privately, but by the community as a whole. The common use of the word Socialism seems to be that the government taxes the wealthy and provides free stuff for everyone else. That’s very different. And it’s pretty much Marx’s motto for Communism, […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

I am of Eastern European descent, so I think I have a pretty good understanding about the systemic flaws of socialism for someone of my age, though I never had to live in it (everyone else in my family did). But I still get lectured to by my peers who don’t have that background on […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Another Harsh Analysis from Liberal Economists of the Sanders Economic Plan

 

SandersChristina Romer and David Romer — the former being chair of the Council of Economic Advisers during an early part of the Obama administration — have published an analysis of an analysis of Bernie Sanders’ economic plan. R&R:

According to an analysis by Gerald Friedman, Senator Sanders’s proposed policies would result in average annual output growth of 5.3% over the next decade, and average monthly job creation of close to 300,000. As a result, output in 2026 would be 37% higher than it would have been without the policies, and employment would be 16% higher.

Although we share many of Senator Sanders’s values and enthusiastically support some of his goals, such as greater public investment in infrastructure and education, we also believe it is vitally important to be realistic about the impact of policies on the performance of the overall economy. For this reason, it is worth examining Friedman’s analysis carefully. Moreover, Friedman has made available an extensive report describing his methodology and assumptions, allowing others to examine the specifics of his analysis.

Member Post

 

The Left has a persistent habit of confusing idiotic metaphors with logic. “A woman needs a man like a fish needs a bicycle,” for example. Or, “It will be a great day when schools have all the money they need and the military has to hold bake sales to buy guns.” Leftists feel really clever […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

Left-wing academics (is there any other kind?) at Duke University with nothing better to do have conducted a “research study” of Disney movies and determined that they are insufficiently Marxist because they depict the working class proletariat as happy, rather than consumed with rage at their economic inequality relative to the decadent bourgeoisie. The depictions […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

Subtitle: Why Global Warming Is a Racist Conspiracy and Black Lives Really Don’t Matter At their core, the Climate Change Cult, the gay marriage movement, the feminists, La Raza, the #BlackLivesMatter…. the primary purpose of all these groups is to rally people to advance a progressive socialist agenda. Gays, Climate, Blacks, Illegal Immigrants… these are […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

A couple of recent items that should gladden the hearts of our resident “free traders.” Carrier, an Indianapolis-based heating, ventilation and air conditioning company owned by United Technologies, announced it is closing a manufacturing plant in Indiana and moving production to Mexico… eliminating 1,400 American jobs. Ford Motor Company announced that it was investing over […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

“They Become Disgusted With our Manner of Life”

 

Castalia Ohio, bike ride of Labor Day 1998 - where a War of 1812 captivity story began.Some of us on Ricochet have been wondering how to teach people to prefer the liberty of free markets to the security of socialism. Others have been lecturing us about how capitalism has made life fantastically better for humans.

Each time one of these discussions comes up, I wish people here knew more about Indian captivity narratives — the true ones, that is. These stories have been popular in North America since the late 1600s, though not always been viewed as essential knowledge.

I learned of a new one today while working in the archives of the historical library in a small town in Texas. I’m following up on the three stagecoach owners who operated a line between Detroit and Chicago, and then all went to Texas following the 1832 Black Hawk War. It turns out that a descendant of one of the three, a woman who did a lot of research on her family history, was the granddaughter of a man who had spent his formative years as an Indian.

Member Post

 

As I now live in the United States, I had a friend in Australia message me excited about the upcoming Primaries, mostly for Bernie Sanders. As a man approaching my mid-40s, I can understand why Sanders has such broad appeal to Young Voters. To understand it, all you need to do is to think to back to when you […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

The Most Consequential Development of the Primary Season

 

socialism-sharing

No, not the Trump phenomenon, which I regard as the re-emergence of the Perot-Buchanan voter, though that’s certainly important. But long-term, that won’t be as big a turning point in American politics as what I’m talking about: the embrace of socialism by millennials. We’re the future, and we’ve fallen in love with what we imagine Sweden is like. Some of us will be voting this way for decades to come.

Having written before that I think Sanders will win NH but fizzle out everywhere else, I’m now going to start harping on the long-term ramifications of the campaign. This post was prompted by an excellent write-up in the Orange County Register, which I think is worth your time.

If You Want Government to Spend Like a Nordic Nation, It Needs to Tax the Middle Class Like One

 

twenty20_bb96649b-cbf1-4e5f-afd8-e585579301f5_sweden_flag-e1454439423712The WaPo’s Max Ehrenfreund has a great Q&A with sociologist Lane Kenworthy, author of  Social Democratic America — a book I have written about a few times. The following bit gets at the idea that it wouldn’t be just the rich paying for the progressive dream of greatly expanded government, Scandinavian-style:

One difference between these two candidates’ [Hillary Clinton and Bernie Sanders] platforms and the social-democratic agenda in your book is that both are talking a lot about raising taxes on the rich, while in the Nordic countries, the middle and working classes pay more in taxes, too.

The tax strategy that these countries have tended to pursue is to spread the tax burden around, and in fact, their overall tax systems are pretty much flat. Almost everybody pays roughly the same share of their pre-tax income in taxes. You have a progressive income tax, but that’s offset by regressive payroll taxes, and especially regressive consumption taxes, which are very large in these countries.

Member Post

 

I have a visceral hatred and contempt for socialism. It is a seductive evil that legitimizes greed and sloth. In its various permutations it has brought more death, misery and poverty to the world than any other form of government. Period. Thanks to Glenn Reynolds I recently found the following succinct and well-argued take-down of Socialism […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Cartels and Concierge Bureaucracy Management

 

Several years ago I heard an amusing story on NPR’s Planet Money program. The story described an Indian entrepreneur who, frustrated with India’s local political corruption and red tape, started a new business: Concierge Bribery. For a fee, he would seek out and pay off all of the sundry local officials whenever a local business needed something done. I thought how lucky we were that America had not yet descended to that level. I was deeply wrong. We, in fact, have had concierge bureaucracy managers for some time.

While it is generally a good maxim to never ascribe to mendacity that which can be explained by incompetence, normal logic seems rarely to apply to any of the corruption and rot stemming from Obamacare (and for the record, I refuse to call it “The Affordable Care Act”, or ACA). The act seems explicitly designed, among other things, as a tool to force a cartelization of the entire medical industry. We see this in the rapid demise of independent practices, as they close up shop and merge into large provider networks — effectively regional medical cartels. What we are not yet seeing, or rather noticing, on any scale is the very similar effect Obamacare (when coupled with the many other business strictures in place) is having on general employment itself.

Just How Much of a Socialist Is Bernie Sanders?

 

Bernie SandersHere is Bernie Sanders being interviewed last May by my CNBC colleague John Harwood:

HARWOOD: In the latter part of the 20th century, Ronald Reagan came along and there was a big pivot in our politics. It revolves around the idea that we need less government and more market forces. Do you think that basic pivot was wrong?

SANDERS: Let me answer it this way, John. I think there is obviously an enormously important role for the free market and for entrepreneurial activity. I worry how free the free market is. In sector after sector, you have a small number of companies controlling a large part of the sector.

Member Post

 

So I turned to the members feed of Ricochet to feast my eyes. Yesterday was a good day for comedy, so why not push my luck? I see an article that starts with a startling claim. Progressivism is nailed to the cross of wealth inequality. This is the problem with Progressives! They don’t get that […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Dealing with Wealth Inequality

 

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” — Milton Friedman

Wealth inequality is the crux of modern progressivism and democratic socialism. They contend that free-market capitalism moves wealth to the top — leaving the rest at a loss for cash — and that the government must intervene to redistribute wealth from the bloated top to the destitute bottom. This is for good reason: It lends itself to scary-looking graphics such as this:

Member Post

 

Lindsey Graham’s wisecrack that Bernie Sanders “went to the Soviet Union on his honeymoon and I don’t think he ever came back” is my favorite thus far of this political season. Soon after he said that, though, I started encountering posts from indignant lefties* that, NO, of course The Bern didn’t make a pilgrimage to the USSR. […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.