Bernie Et Al: Socialism Resurrected?

Socialsm Resurrected

I love Mr. Grindler’s essay, “What Is Socialism” in the abstract. However, I’m not sanguine as to its effect in persuading the followers of American politicians advocating for socialism. A more concise, elegant, and compelling approach to the failure of socialism is this statement from F.A. Hayek:

“From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time

How do we to interpret this?

Socialism, as understood by Hayek, defines ‘fair’ as the equal distribution of goods. Thus, socialism, for example, holds that ‘fair’ means everyone earns the same wage no matter what might be their contribution to the community. By contrast, capitalism defines ‘fair’ as the distribution of goods according to the value you contribute to the community. Under capitalism, you earn what you deserve.

With Hayek in mind, note that when we listen carefully to American politicians advocating for Socialism, they are in reality advocating for a welfare state. They seem unaware of the distinction (or, more likely, think that YOU are unaware of the distinction). They never talk about Socialism as a [failed] economic system nor explain how unequal treatment under the law leads to wealth creation. They cite, instead, imaginary utopias in which wealth just ‘happens’. Sweden is a great example of this disconnect. When Sweden imposed socialist economic principles on its citizens in the early 70s, their economy tanked. When they returned to capitalist principles in the 80s, their economy boomed. Today, Sweden’s welfare state is largely supported by an underlying though vibrant, capitalist economy.  Their capitalism generates sufficient income to pay for their monstrous welfare state[1]Just a side note: often unrecognized by the American left is Sweden’s relatively small, homogeneous demographics. Note the sudden influx of Muslim immigrants threatens this system. Despite … Continue reading. If American socialists were intellectually honest (assuming they are smart enough) they would advocate for a welfare state enabled arguing that such a state is only supportable under capitalist principles – Of this, Sweden is a good example.

The take away message is just this:

Socialism is an economic theory based on HOW wealth is to be distributed.  Its advocate ASSUME wealth just happens. Capitalism is an economic theory based on HOW wealth is created and its advocates ASSUME that market forces distribute its wealth to those responsible for its creation. The only way to persuade a nascent socialist that capitalism is the only means by which we can achieve economic utopia is to use Hayek’s principle to show that in a truly socialist society unequal treatment under the law must necessarily lead to class warfare and a concentration of wealth among its elites.

Can you say Venezuela?

Footnotes[+]

Posted in Capitalism, Economic, Economics, Economics, Philosophy, Politics, Socialism | Leave a comment

Fake News – Thy Name Is Climate Change

 

I’ve been watching the new BBC documentary, “Our Planet” on Netflix narrated by Sir David Attenborough. I’m truly a sucker for natural history documentaries but my love for the genre comes at a price. In return for absolutely gorgeous cinematography I have to put up with Attenborough’s lies about climate change.

The latest episode typifies the sleaze of the woke documentarian. In this episode, we see grisly pictures of Walruses who apparently fell en mass from a high cliff onto the beach rocks below and died. Attenborough attributes this tragedy to man-made climate change. Evidently the reduction in the ice-pack causes the Walruses to “haul-out”, climb to the top of cliffs and hurl themselves to their death.

It’s all a lie. The event occurred in 2017 in which polar bears drove the walruses over the cliff. Attenborough (who ought to know better) and the producers deliberately chose to lie about the incident because everything bad is the result of global warming. Both the Siberian Times and Gizmode reported on the event and their reporting is “quite clear that the walruses were driven over the cliffs by polar bears, Netflix makes no mention of their presence. Similarly, there is no mention of the fact that walrus haulouts are entirely normal. Instead, Attenborough tells his viewers that climate change is forcing the walruses on shore, where their poor eyesight leads them to plunge over the cliffs.”

Saturday Stupidity: Epic fail by @ourplanet

Posted in Climate Change, Fake News, Science | Leave a comment

Democrats and Fishing

Posted in Current Events, Democrat Party, Political Ignorance | Leave a comment

Stay Tuned: This Is About To Get Good

Quoted from RealClear Investigations:

[Bill Priestap’s] “testimony contains extensive indications of wrongdoing, including that the FBI and DoJ targeted Trump and did so with information it made no effort to verify. It paints a portrait of the Obama-era bureau as one that was unconcerned with political interference in investigations and was willing to enlist the help of close foreign allies to bring down its target. And, perhaps presaging a defense to Barr’s claim that American officials had spied on the Trump campaign, it showcases the euphemisms that can be used to disguise “spying.

NOTE: from 2015 to the end of 2018, Bill Priestap was assistant director of the FBI’s Counterintelligence Division and oversaw all of the FBI’s global counterintelligence effort. If there are goods to be had, this guy has ’em.

Posted in Current Events, Spying on U.S. Citizens | 1 Comment