Now, with potentially thousands of businesses about to close and collectively millions of people about to be (or already) fired from their jobs, where do those business owners and their employees go to get their livelihoods back?
But in full-blooded socialist systems—the Soviet Union was prototypical—like Cuba, China, and Venezuela access to government power is the paramount avenue to success. So much so, that all assets pale in importance by comparison.
How primitive is organic agriculture? Organic strawberries yielded 61% less than conventional farms; fresh tomatoes, 61% less; tangerines, 58% less; cotton, 45% less; rice, 39% less; peanuts, 37% less.
We’re bombarded by news reports and campaign ads boasting of how this president or that governor “created” millions of new jobs. Such claims are on a moral and intellectual par with my claim that I deserve credit for not killing pedestrians with my car.
Like venture capitalists, Rockefeller Foundation is to fund a sustainable business that will eventually build out all those electricity grids. Africa is next, where a lack of electricity helps keep 400 million in poverty.
Should they not heed his call for “mutual forbearances and temporizing yieldings on all sides”, he feared for the governance of the country: “Without these I do not see how the Reins of Government are to be managed, or how the Union of the States can be much longer preserved.”
Sanders’ policies would explode the amount of corruption in this country, no matter how many new rules he tries to impose. If there’s one thing that should be clear to clean government zealots, it’s that the bigger the government, the greater the corruption.
What MMT, the Green New Deal, QE, NIRP, and Helicopter Money have in common is that they are all collectivistic by definition, aimed against the individual and based on the crazy findings of the “Economic School of Zimbabwe” – where everyone became a trillionaire.
Investors, always looking into the future, had to price in the possibility of major change in Washington; major change that would have a global impact. This perhaps explains a global rout for shares. Sanders was a big surprise that investors had to price.
There’s no reason to believe that a student with an economics degree is going to graduate with a deep understanding of how government intervention distorts markets or impoverishes consumers.
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