Category: free trade & free markets

Categories
free trade & free markets general freedom national politics & policies

Junk Force

space junk, NASA, Space Force, TESLA, space exploration

A Space.com news story indicates a big problem and a new role for government — or industry.

“The Infra-Red Calibration Balloon (S73-7) satellite started its journey into the great unknown after launching on April 10, 1974 through the United States Air Force’s Space Test Program,” writes Meredith Garofalo. “While in orbit, the original plan was for S73-7 to inflate and take on the role as a calibration target for remote sensing equipment. After this failed to be achieved during deployment, the satellite faded away into the abyss and joined the graveyard of unwanted space junk until it was rediscovered in April.”

It’s a complicated story; the satellite never really worked properly. Which raises the space junk problem.

The biggest polluter is governments. Space agencies. And the corporations contracting to put up satellites. And the military that puts stuff up we know nothing about.

“[A]s more and more satellites head into space,” explains Garofalo, “the task will become even greater to know what exactly is out there and what threats that could pose.”

When Trump boasted of creating the Space Force in 2019, a lot of people scoffed. I didn’t.*Somebody’s got to do the dirty work, and it does look like Space Force personnel see an important role to be filled, that of garbage men in orbital space. Since the more than 20,000 objects in orbit — and their associated random debris — were put there by governments, maybe governments should clean it up. 

The future of space industry could be hampered, should the problem continue to grow — though, in the end, it may be industry that will take over the task. After all, space litter’s more dangerous than most terrestrial “externalities.”

This is Common Sense. I’m Paul Jacob.

* Also, in no small part, because ceding outer space to China and Russia seems like a bad idea. 

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets international affairs property rights

Idaho Foils Foul Harvest

China, organ harvesting, insurance

One can be for free trade yet still demand, while sticking to principle, certain restrictions on international trade.

The State of Idaho has demonstrated one sort of restriction compatible with a free society’s free-trade rules. “As of July 1, it will be illegal in Idaho for health insurers to cover an organ transplant or post-transplant care performed in China or any country known to have participated in forced organ harvesting,” explains Frank Fang in The Epoch Times (No. 508, A5). The legislation had been passed unanimously in both legislative houses earlier in the month and was signed by the governor on April 10.

Idaho wasn’t the first state to do this, following Texas last year and Utah this year, with its law going into effect on May 1.

The problem to be addressed? The suspiciously short waiting time for organ transplants in China, especially after the Chinese government cracked down on the Falun Gong decades ago. 

“In 2019, the independent China Tribunal in London concluded that the CCP had been forcibly harvesting organs from prisoners of conscience for years ‘on a substantial scale,’ with Falun Gong practitioners being the ‘principal source’ of human organs,” according to Mr. Fang.

This is not protectionism. And it really isn’t any unwarranted regulation on trade. For even in the freest of societies, with 100 percent free trade and freedom of contract, the sale and purchase of stolen goods is unlawful.

Rightly prohibited.

If anything has been taken away unjustly, it’s the internal organs of political prisoners by the Chinazis.

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets general freedom too much government

Supermarket Slavery

grocery store, police

How to sue supermarkets for shutting down:

One. Move to San Francisco.

Two. Support a proposed ordinance “amending the Police Code to require large supermarkets to provide six months notice to their customers and the City before permanently closing, and to explore ways to allow for the continued sale of groceries at the location.”

Three. If the ordinance passes, wait for a large supermarket to go out of business without having known six months in advance that it would need to do so.

Four. Sue.

That the proposed law would amend the police code is perversely apt. The idea is use the state’s police power to penalize ending an activity that as a free man, not a slave, you have no obligation to continue.

Ending any project may inconvenience people who benefit from what you’re doing. But unless you are bound by contract, these other people have no right to your further efforts. 

Not for six months, not for six seconds.

The San Francisco ordinance would exempt supermarkets that must close because of a natural disaster or other circumstance not “reasonable foreseeable.” These exemptions don’t solve the problems that the ordinance could cause for innocent businessmen. As Reason magazine notes, any stores that closes “without providing the proper notice” could still be sued for damages, supposedly exempted or not.

In the 1980s, when this notion was originally proposed (unsuccessfully), supermarket executives argued that making it harder for them to shut down would also discourage them from opening a store to begin with.

True. But that’s just common sense.

I’m Paul Jacob.

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
crime and punishment free trade & free markets tax policy

What Pfizer Pfolks Got

Pfizer, drugs, taxes, corruption, Covid

Yesterday, a whole lot of people paid a whole lot of taxes. It was Tax Day — filing day — for most Americans.

Truth is, American workers pay income tax with every paycheck. And they pay other taxes too.

Somehow, though, Pfizer — one of the world’s most profitable companies — did much better than we did. “Drugmakers make big profits in the U.S.,” explains Sydney Lupkin at NPR. “But many pay taxes far below the 21% corporate tax rate. Pfizer’s effective tax rate is so low it’s getting a big refund despite booking $59 billion in revenue.”

Did you get a big refund on top of a huge wage hike? No?

Well, you should lobby Congress more.

Now, Pfizer’s long had a cushy/pushy relationship with the U.S. Government. The company’s had to pay loads of legal penalties for malfeasance, but it’s also received subsidies, immunities, and government-forced clientele — in the rollout of its most famous product. But through thick and thin it faces our byzantine tax code with ease, for it’s that tax complexity that really gives Big Pharma the advantage, compared to smaller companies.

I have never argued for more taxes. I wonder if corporations should even be taxed based on income, which gets complicated to figure since it’s based on profits and losses and investments etc., thus opening the door to corrupt insider politics. Plus, those taxes simply get passed on to us. 

But if corporations are taxed, how indecent that small companies tend not to get huge refunds on years in which they make stellar returns.

Though I suppose if Congress keeps on awarding more to the bigger, that’s a problem that sort of solves itself. 

With the smaller companies just dying out.

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with Picfinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets regulation

Dining Out on Cause and Effect

California, minimum wage, hamburgers, economics, wages, jobs

Could a barren, charred, devastated landscape be the actual intended goal?

In California as in Washington, lawmakers and chief executives apparently have a long list of nice things to destroy and are crossing them off one by one, as if on the payroll of aliens from outer space wanting to conquer earth without doing very much conquest-work themselves.

Part 99-C of the plan is to price entry-level labor and entry-level restaurant dining out of the market by hiking the minimum wage of fast-food workers even further beyond the market rate for the labor and its actual productive value to employers: now to $20 an hour.

Already, prices for restaurant meals are going up, and restaurant workers are being laid off.

The $20 minimum is a compromise that restaurant owners accepted in lieu of probably paying a $22 per hour minimum. Like letting burglars take only most of the silverware and letting them return at will.

Even more looting of employers is to come, if employee and activist Angelica Hernandez has her way. “We’re going to have to keep speaking up and striking to make sure we are heard.” She wants her dough and doesn’t care about the consequences for others. Policymakers rush to appease her and those like her.

So is omni-destruction the actual intended goal?

Or is it that the mental powers of the crusaders and politicians and too many voters don’t extend so far as the relationship between cause and effect?

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets international affairs repeal

The Milei Option

Argentina, socialism, communism, Milei, president, economy

Argentina’s new president promised to take a chainsaw to the high taxes and controls that have been killing the country’s freedom and prosperity.

He has had successes. One of his decrees removed rent controls, and as a result the supply of rentals has jumped and rents have dropped.

But Milei cannot simply issue decrees to free up markets. He’s got to go through the legislature. And Argentina’s Senate recently rejected a mammoth Milei-issued emergency decree to deregulate the economy apparently in one fell swoop—revising or killing some 300 regulations.

The Financial Times reports that Milei’s coalition, La Libertad Avanza, “controls less than 10 per cent of Senate seats.” Many of the “centrist” senators could have helped pass Milei’s reforms over the objections of the adamantly leftist members. But these centrists profess to have constitutional reservations about the decree.

The real problem is probably that there is still a very large constituency for the subsidies and grift that have impoverished so many Argentinians.

The decree remains in effect until the House votes on it too. Milei’s administration is negotiating with the lawmakers of that chamber and with others who may have an impact on their vote.

If President Milei loses this fight in the near term, he must keep reminding voters why he can’t do more to lift them out of poverty and serfdom. His election to the presidency was a huge political change. But it’s not the only one Argentina needs.

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets political economy subsidy

When the CHIPS Are Weighed Down

Taiwan, computer chips, regulations, DEI, race, racism

Has DEI “killed the CHIPS Act”?

The CHIPS and Science Act of 2022 created a giant package of subsidies that shouldn’t exist to begin with and is made even worse by all the strings attached.

The Act authorizes giving $52 billion of taxpayer money to microchip manufacturers to make chips in the U.S. The boost to domestic production will supposedly help us if China invades Taiwan and disrupts Taiwan’s globe-leading microchip industry.

But chipmakers eligible for the largesse are recoiling from all the embedded DEI mandates. “DEI” means “diversity, equity, and inclusion.” It’s a collectivist mantra and ideology designed to make employers fret about racial and gender quotas and DEI indoctrination at the expense of hiring qualified people and making high-quality microchips.

According to Matt Cole and Chris Nicholson, writing for The Hill, nineteen sections of the Act are devoted to DEI. One gives the Department of Commerce a mission that Commerce describes as “strengthening the U.S. semiconductor ecosystem” by ensuring “significant investments to create opportunities for Americans from historically underserved communities.”

The authors believe that CHIPS is “so loaded with DEI pork that it can’t move.” Worse, it’s making it hard for chipmakers to move, forced to focus away from making microchips and, instead, onto the wasteful exercise of appeasing regulators.

Now that they are finally about to get CHIPS funding, Intel and others are delaying announced factories and foundries on U.S. sites and instead going ahead with more overseas plants.

I guess they want to get stuff done.

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets regulation too much government

The AB5 Agenda

nanny state, freelancers, independent contractor, licensing, labor unions, regulations, general freedom

AB5 is the code name for legislation passed in California a few years ago to kill freelance work. 

Ex-freelancers hate AB5; employers who can’t afford to convert contractors into regular employees hate AB5. 

Unions, on the other hand, love AB5; lawmakers also love AB5.

A California citizen initiative partly reversed it. Then the Ninth Circuit at least temporarily reversed the reversal.

Though Democrats have made several attempts to bring it to the federal level, Congress has not passed a federal version of AB5. But now the Department of Labor is acting to impose a rule to challenge the status of many independent contractors, scheduled to take effect March 11. This AB5-like rule enunciates six criteria determining whether contract work may still be called contract work.

This affects what I do. One of my dozen jobs is citizen-initiative work. Various state governments have done all they can apart from comprehensive AB5-like rules to impede my ability to collaborate with petitioners to get citizen initiatives on the ballot. It is most efficient to pay these contractors per thing they do instead of earning a fixed salary or getting paid an hourly wage. 

Politicians and bureaucrats know this.

If the Labor Department’s new rule takes effect, will contractors working with me pass the test? Or will we all be thrown into chaos and confusion?

It is being challenged in court. 

Many voters — who are, after all, wage-earners or salaried employees — may not care very much; it may seem irrelevant to them. But it is time for them to inquire why some politicians and union bosses want to destroy the ability of freelancers to freely work for outfits short of becoming full-time employees.

For the ramifications will reach far beyond my niche “industry.”

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with PicFinder and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets regulation too much government

SAD Regulators

nanny state, regulations, food, safety, health

Americans are getting sicker and fatter on government-approved, corporate-made foodstuffs, yet government continues to crack down on the sale of natural and home-made foods.

The classic case is raw, whole milk. I’ve talked about this before. The most recent case is from Amish country, where the State of Pennsylvania raided a farm “on suspicion of selling ‘illegal milk,’ among other products,” explains The Epoch Times, and the farm “is being sued by the Pennsylvania Office of the Attorney General and Pennsylvania Department of Agriculture.” 

The Amish farm “has been ordered to halt all sales of its dairy products, inspiring widespread anger over what critics have called a blatant example of government overreach.”

At issue is government interference in farmers and customers freely choosing to skip the major grocery outlets multinational companies and dealing with each other on a local, free-market basis. “Capitalist acts between consenting adults,” as Robert Nozick put it.

But it’s especially galling when placed in the wider context of the FDA’s and USDA’s obvious failure to produce a healthier populace. Though the state’s attorney general insists that “we cannot ignore the illnesses and further potential harm posed by [the] distribution of these unregulated products,” the illnesses caused by what many call the Standard America Diet (SAD) go unnoticed and unregistered as such. 

One standard for “the market,” another for the regulators.

Meanwhile, the State of Wisconsin is pushing a new bill to impose a $20,000 annual sales cap on participants in the state’s cottage food industry, “one of the most restrictive in the nation,” explains Suranjan Sen, an attorney at the Institute for Justice — a legal aid outfit often mentioned in these pages.

The very point of the law is to protect brick-and-mortar grocery and baked-goods stores — not the health of consumers. It has the backing of powerful lobbyists.

Looking for healthier foods and healthier economies? Don’t look to government.

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with Midjourney

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
free trade & free markets general freedom ideological culture

Milei Defends Capitalism

Argentina, Javier Milei, Capitalism, WEF

Capitalism is better than socialism.

The new libertarian president of Argentina, Javier Milei, recently explained the virtues of the free market to attendees of the annual World Economic Forum in Davos, Switzerland.

Milei said that capitalism generates “an explosion of wealth,” that capitalism and the industrial revolution “lifted 90 percent of the world’s population out of poverty,” that a free market society is both practical and just.

“Far from being the cause of our problems, free enterprise capitalism as an economic system is the only tool we have to end hunger, poverty, and destitution across the planet. The empirical evidence is unquestionable.”

As its answer to the practicality and justice of a capitalist social system, the left proposes the injustice of “social justice,” according to which “capitalism is bad because it is individualistic” and “collectivism is good because it is altruistic.”

Collectivism hobbles the entrepreneur and “makes it impossible for him to produce better goods and offer better services at a better price.” Which only impoverishes us. This is neither practical nor moral.

The West is in danger because it is allowing capitalism to be destroyed. We need to remember why we need it.

Will any of the dignitaries who heard Milei’s talk learn its lessons? Maybe not if they’re like WEF’s founder, Klaus Schwab, who looks at the international predations of the Chinese Communist Party and sees a “responsible, responsive” state.

But maybe a few others will. And then a few more.

This is Common Sense. I’m Paul Jacob.

PDF for printing

Illustration created with Midjourney and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts