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insider corruption national politics & policies

Oligarchy Malarkey

Joe Biden, farewell speech, covid, oligarchs

“Today, an oligarchy is taking shape, in America, of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead,” President Biden warned the nation Wednesday night. 

“We see the consequences all across America.”

Yes, we do, but what specific consequence brought on the president’s sudden awareness of the “O” word: The Democrats’ political defeat? His own? Harris’s?

Billionaire Mark Zuckerberg was a swell fellow back in 2020, when he and his wife, Priscilla Chan, tossed in $400 million to goose Democratic Party turnout. But when the Meta CEO admitted that Facebook was bullied by the Biden administration into censoring content, he becomes a terrible oligarch. 

As for “extreme wealth,” Democrats outspent Republicans. By a lot.

Biden compared his swan song to President Eisenhower’s famous 1960 farewell address, in which World War II’s Supreme Allied Commander sounded the alarm about a military-​industrial complex with dangerous levels of power. Says Biden: “I’m equally concerned about the potential rise of a tech-​industrial complex that could pose real dangers for our country as well.”

“Potential”? “Could”? 

I guess he means that, say, some day Big Tech might censor discussion of information about a candidate’s drug-​addicted, gun-​toting son’s international influence-​peddling operationjust weeks before an election. 

Or perhaps squelch news on the origin of a pandemic killing millions. 

“Americans are being buried under an avalanche of misinformation and disinformation enabling the abuse of power,” argued the president.

He’s got a point. Look at the elaborate ruse run by Democrats at the White House, in Congress, at the DNC, in the media, pretending for those of us in TV Land that our commander-​in-​chief, the most powerful man in the world, was fully competent to execute the duties of the office even while knowing he most certainly was not. 

Joe Biden is a charter member of the “oligarchy” about which I’m most concerned. 

This is Common Sense. 

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Thought

Hector Berlioz

Le temps est un grand maître, dit-​on;
le malheur est qu’il soit un maître inhumain qui tue ses élèves.

Time is a great teacher, but unfortunately it kills all its pupils.

From a letter by Hector Berlioz, November 1856, published in Pierre Citron (ed.) Correspondance générale (Paris: Flammarion, 1989) vol. 5, p. 390.
Categories
Today

George Stigler

On the 17th of January, 1918, the first serious battles took place between the Red Guards and the White Guard in the Finnish Civil War. 

On January 17, 1937, Chicago School economist George Stigler was born. Awarded a Nobel Memorial Prize for his work on regulatory capture, oligopoly, information theory, and the history of ideas, Stigler memorialized his own history in Memoirs of an Unregulated Economist.

Other January 17th birthdays include Benjamin Franklin (1706), David Lloyd George (1863), and Nevil Shute (1899).

Categories
Internet controversy regulation

Net Neutrality: Dead Again

Net Neutrality, internet, price controls, government, freedom

Net neutrality, a scheme to centrally plan the provision of broadband Internet access by private companies, is dead.

At least for now. 

No harebrained scheme is ever definitely dead for sure and forever in politics. Not on this planet.

Net neutrality had been killed before. But last year, Democrats on the FCC in favor of micromanaging how broadband Internet access is priced and how broadband companies may invest their resources revived the misnamed doctrine, a confection of the Obama era.

Fortunately, the Sixth Circuit Court of Appeals has put the kibosh on this recrudescence of out-​of-​control power-​grabbing. The court explicitly noted a recent Supreme Court ruling that deference need no longer be accorded to regulators who make the law say whatever they want it to say.

The Sixth Circuit ruled 3 – 0 that the FCC had overstepped its authority under the law. 

And it cited the Supreme Court’s 6 – 3 decision last year in Loper Bright Enterprises v. Raimondo. This was the decision that overturned the Chevron doctrine (according to which judges must defer to bureaucratic misinterpretation and hijacking of law if such hijacking can be somehow construed as “reasonable”).

The Wall Street Journal points out that “ending Chevron will make it harder for regulators to exceed their authority.… This is a victory for self-​government and the private economy over the willful administrative state.”

That, and the more basic truth that net neutrality is itself an incoherent, unworkable policy, is more than enough reason to celebrate this revenant notion’s reiterated demise.

This is Common Sense. I’m Paul Jacob.

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Charles Ives

Stand up and take your dissonance like a man.

American composer and insurance innovator Charles Ives, as quoted in “Charles Ives’ Rambunctious ‘Fourth Of July,’ NPR Music (July 3, 2008).

Categories
Today

Religious Freedom

On January 16, 1786, Virginia enacted the Statute for Religious Freedom authored by Thomas Jefferson.

The day is also noted in the title of Ayn Rand’s hit play, Night of January 16th. First performed in 1934 as Woman on Trial, it continued on over the next few years under the title with which it is now famous, and (with the addition of the definite article before “Night”) under which it was filmed in 1941.