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free trade & free markets general freedom ideological culture

Milei Defends Capitalism

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.


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free trade & free markets general freedom international affairs

Market Rents Work in Argentina

Markets work and markets for housing work.

This is what the new president of Argentina, Javier Milei, has sought to confirm by means of radically free-market economic policies. He is going as far as he can as fast as he can to make Argentina a freer and more prosperous country.

Can he succeed in the long run?

Many exploiters of the socialist status quo ante are bitterly opposed to his reforms and hope to undo them. We’ve seen before how quickly a relatively anticapitalist administration can kill the freedom-expanding reforms of a relatively procapitalist one.

But at least for now, Milei is proving his point, as witness the market for apartments in Buenos Aires.

The Buenos Aires newspaper El Cronista reports (with the help of Google Translate) that with the end of rent controls, the supply of rental units in Buenos Aires has doubled and prices for units have fallen by around 20%. The paper cites data by the Argentine Real Estate Chamber and the reports of brokers.

Under rent control, by 2023 the supply of rentals had shrunk to just 400 units. “Today we have a stock of more than 800 apartments, and it is growing day by day,” says Alejandro Bennazar, a director at the Chamber.

Eight hundred units is still low given the size of the capital city, but there’s light at the end of the tunnel. Getting rid of the controls caused supply to double instantly. An excellent start.

This is Common Sense. I’m Paul Jacob.


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First Amendment rights general freedom ideological culture

GOP, ACLU, and NRA Together Again

Occasionally, the stars align and adversaries become allies.

So it is that dozens of Republican congressmen have filed an amicus brief to support an NRA lawsuit against Maria Vullo, a former New York State regulator of the financial services industry. And so it is that the NRA will be represented before the Supreme Court by the American Civil Liberties Union.

After the 2018 Parkland shooting, Vullo pressured financial service companies to boycott organizations like the National Rifle Association that advocate Second Amendment rights.

The NRA sued, contending that Vullo had acted against their First Amendment rights. When the Supreme Court agreed to take their case, the NRA thought: who better to represent us before the justices than the ACLU?

The ACLU, which has not always been consistent in defending free speech, agreed.

Its national legal director, David Cole, says that “the ACLU has long stood for the proposition that we may disagree with what you say but will defend to the death your right to say it.”

Although this case is also about speech, more directly it is about using governmental force to try to stop people from conducting peaceful financial transactions.

If such intimidation of financial companies — or, what is being challenged in separate litigation, of social media companies — were allowed to stand, government would be fully unleashed to threaten market actors in order to prevent constitutionally protected actions and speech that officials dislike.

Our constitutional rights made meaningless.

This is Common Sense. I’m Paul Jacob.


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folly general freedom ideological culture

Comic-Book Isms

“This is crazy,” says Reardon Sullivan, former chairman of the Montgomery County Republican Party.

He means the way Montgomery County has been selling vendor space at a comics convention, MoComCon, being held January 20. The county is charging vendors in a way that has nothing to do with what is being sold but that county officials call “inclusive” (having learned that this adjective transmutes any evil).

If you belong to a favored group, you get a special rate. Nonindigenous straight white males pay $275 per table or, with electricity, $325. But if you’re a woman or favored minority, the price per table is $225 or $250.

Sullivan says that as a black person who grew up in Montgomery County, he finds it “truly insulting to say that a seller who’s black or BIPOC is disadvantaged. All we ever want is a level playing field.” (“BIPOC” is kitchen-sink code for “black, indigenous, and people of color.”)

Sullivan has the right spirit but errs in suggesting that the only thing members of currently favored groups (“we”) want is a level playing field.

One can hope that this is true of most members of these groups.

But if white guilt or white male guilt were the only impetus propelling affirmative action and other forms of race-based or sex-based preferential treatment — if, like Sullivan, all intended beneficiaries regarded such policies as condescending, destructive lunacy — these policies would be dead and buried by now.

As they should be.

This is Common Sense. I’m Paul Jacob.


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crime and punishment election law general freedom

Free to Petition

In December 2020, True the Vote helped Georgians to file elector challenges “based on data showing over 364,000 voters appeared to be ineligible to vote due to change in residency.”

Section 21-2-230 of Georgia Code Title 21 states that any elector “of the county or municipality may challenge the right of any other elector of the county or municipality, whose name appears on the list of electors, to vote in an election.”

Nevertheless, Fair Fight Action, the group founded by Stacey Abrams, sued True the Vote for allegedly intimidating voters.

That suit has now been thrown out.

In a 145-page ruling, Judge Steve Jones questioned aspects of TTV’s strategy. But he concluded that “there is no evidence that Defendants’ actions caused (or attempted to cause) any voter to be intimidated, coerced, or threatened in voting.”

According to True the Vote attorney Jake Evans, the decision “establishes that eligibility challenges under Section 230 are a proper method to ensure voter rolls are accurate.”

In a formal statement, True the Vote said that the court has “affirmed that citizens have the right to lawfully petition their government in support of election integrity without fear of persecution or prosecution.”

Critics of the decision bemoan the encouragement that it will give to organizations seeking to expose voter fraud. And the problem is . . . ? 

It’s not as if filing a challenge under 230 guarantees success; a board of registrars must still determine whether the challenge is valid. Besides, fighting actual ballot fraud is not an attack upon democracy, but a shoring up.

This is Common Sense. I’m Paul Jacob.


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general freedom international affairs

Dangerous Neighbor

“Are you a journalist?” asked the woman in an overflow crowd of thousands, who, like me, couldn’t fit into the packed stadium for a Democratic Progressive Party rally on the eve of Taiwan’s election.

“Or do you just love Taiwan?” 

With a broad smile, I told her: “I love Taiwan.”

This, my second trip to the beautiful island nation, was as inspiring as my first, in 2019. 

Two other women in the crowd explained they flew in from Italy to cast their ballots — believing the future of Taiwan depended on their vote. Which, of course, it did.

Most poignant was my conversation with a couple who had escaped the Chinazi clampdown in Hong Kong. After discussing how those 2019 protests helped “wake up the world,” I snapped a selfie with them. 

Then, five minutes later, they came back to ask me not to post their picture on social media without blacking out their faces. You see, they have relatives still in Hong Kong who might face harassment or worse from the Chinazis, if they were outed. 

“Enjoy the freedom of Taiwan today,” a Taiwanese man had offered earlier in the day at the Kaohsiung Museum of History. “It may be gone tomorrow [Election Day].” He feared a KMT victory would usher in a government far too willing to cozy up to the Chinese regime. 

On Saturday, however, DDP presidential candidate Lai Ching-te won a clear victory. His triumph was declared by the gaslighting Butchers of Beijing to be an “extreme danger.” 

But it is obvious to all that the nation of Taiwan is a danger to no one . . . and Communist Party-ruled China is a danger to everyone. 

This is Common Sense. I’m Paul Jacob. 


* One doesn’t need to look to Asia to see the threat from China. Chinese dissidents in the U.S. and Canada are routinely harassed and threatened, which our governments seem unable to do much about. And the website we’ve launched — StopTheChinazis.org — has numerous writers but only two have chosen to use their real names. Why? Fear of reprisals from the CCP against Americans here in America. 

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Accountability general freedom

The S-Word in California

Frédéric Bastiat called it “spoliation”; California’s Democratic politicians call it social justice.

A bill went into effect last week, offering complete medical coverage to an estimated 700,000 undocumented — illegal — immigrants.  The price tag? 3.1 billion dollars.

Well, not “price tag”: call it a subsidy tag.

California taxpayers will pay for it. Or perhaps U.S. taxpayers will end up with the bill, as Dagen McDowell insisted on Fox News, prophesying that the program “will turn into a national issue” that will, inevitably, “swamp the federal budget.” 

Ms. McDowell also noted that the state’s targeted sugar daddies, the wealthy, “are going to other states, so much that they’ve lost a congressional seat,” all of which must lead to insolvency.

Indeed, the state is running far into the red — the color of the ink on budget columns, not voting columns. The state faces not merely annual deficits and a huge debt, there is also this looming trillion-dollar debt implied by the unfunded liabilities of the state employee pensions.

There is an old pattern here, which is why I brought up an old author in the first sentence.

First we subsidize the poor. Then we extend the subsidies up the income ladder. Now we give huge subsidies to those who enter the country illegally.

It’s as if Californians have forgotten the nature of income redistribution: you have to have income to redistribute. At some point the wealth being taken from the productive vanishes, as society becomes unproductive and descends into ruin.

There are two meanings of Bastiat’s “spoliation”:

noun
1 the action of ruining or destroying something.
2 the action of taking goods or property from somewhere by illegal or unethical means.

The two are linked. 

This is Common Sense. I’m Paul Jacob.


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Goods, Services, and Other Crimes

The mayor of New York City, Eric Adams, has announced a lawsuit against bus companies for providing bus services.

The bus companies are selling transportation not to gangs of thieves that the companies know to be on their way to rob banks but to the government of Texas. Texas has been sending people arriving in Texas from the other side of the border to the Big Apple, a self-proclaimed sanctuary city.

New York City is suing 17 bus and transportation companies for a total of more than $700 million. It wants the money to help take care of the people on the buses.

Apparently, Adams is one of that species of politician who has no standards — who will lurch in any direction at any moment, clutch at any straw, heedless of the rights of others, just as soon as an advisor says “Hey, let’s try this . . .”

Hey. Sue the federal government for its border policies, Mr. Mayor, if you object to those policies. Don’t sue bus companies and road pavement companies and restaurants and toll booths because they enable people to get from point A to point B.

My advice to the bus companies: countersue.

Many things bother me about the mayor’s ugly action. One is his indifference to the precedent being set, especially if the lawsuit succeeds. Doesn’t he care about the long-range effects of suing people for millions of dollars just for earning their living in a legal, peaceful way?

This is Common Sense. I’m Paul Jacob.


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folly general freedom regulation

There Ought Not Be a Law

Not everything that we dislike should be illegal. Not everything that we like or want should be made mandatory. 

To most of us, this is common sense. 

We lack the totalitarian impulse.

But every day, otherwise-inclined people, including lawmakers, notice another aspect of our lives that they decide must no longer be free. If they can’t fix our bad thinking — by sending us to reeducation camps for summary brainwashing — they can at least regiment our conduct.

The latest victims of this totalitarian impulse are owners of big stores that sell toys. Often, toys for boys are in one section, toys for girls in another. Barbie dolls are not on the same shelf as firetrucks and water pistols.

It’s a great hardship — supposedly — for a little girl who likes fire trucks or a little boy who likes Barbie dolls to cross the aisle to the opposite-gender toy section.

Enacted in 2021 and taking effect in 2024, California’s new law says that “keeping similar items that are traditionally marketed either for girls or for boys separated makes it more difficult for the consumer to compare the product and incorrectly implies that their use by one gender is inappropriate.”

So the new law compels stores with at least 500 employees to “maintain a gender-neutral section” that is so labeled. First violation, $250 fine. Further violations, up to $500.

There ought to be a law making such laws illegal. 

A constitution, maybe? 

Meantime, the affected stores should sue.

This is Common Sense. I’m Paul Jacob.


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Common Sense general freedom Thought

Happy New Year–2024

“We have it in our power to begin the world over again. A situation, similar to the present, hath not happened since the days of Noah until now. The birthday of a new world is at hand, and a race of men, perhaps as numerous as all Europe contains, are to receive their portion of freedom from the events of a few months. The reflection is awful, and in this point of view, how trifling, how ridiculous, do the little paltry cavilings of a few weak or interested men appear, when weighed against the business of a world.”

from “Common Sense” by Thomas Paine