Tag: capitalism

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ideological culture Popular too much government

Slaves All?

slave, ancient, Roman, Rome, chains,

A bizarre argument is gaining popularity: the United States of America not merely allowed slavery in its first hundred years, it depended upon it, grew rich by it …  and, “therefore,” not only the federal government but also its constitutional principles and even capitalism are all tainted … and … “therefore” … we must have socialism!

Why long-​dead chattel slavery requires political slavery now is hard to figure.

And no, you should not need to read George Fitzhugh’s Cannibals All! or Sociology for the South to see that socialism is slavery.*

But these days it is more common to link slavery with … freedom (this is hard even to type) in the form of free markets. 

Leftists who make this linkage are helped by some popular historians who argue that since the   antebellum South (1) grew faster, economically, than the North, (2) slavery was profitable for slaveholders, and (3) slaves became more productive in picking cotton, the “peculiar institution” was key to American success. Vincent Geloso, a visiting assistant professor of economics at Bates College, writing for the American Institute for Economic Research, ably shows that not one of these three theses hold up to scrutiny.

Most importantly, though, Geloso demonstrates that the slavery system was like all other interventionist systems, with some people (slavers) benefiting at the expense of others (slaves, of course, but also free people … through a variety of subsidies).

Geloso uses the term “deadweight loss” to make his case that slavery made America poorer.

He is certainly not wrong. But once you understand why freedom and prosperity are linked, not much economic jargon is necessary.

This is Common Sense. I’m Paul Jacob.

* This pro-​slavery southerner did argue against the very idea of liberty and free labor on the grounds that freedom is bad and socialism is good. Indeed, “Fitzhugh disliked ‘political economy’ (as economics was then called), which he saw as ‘the science of free society,’” economist Pierre Lemeiux explains, “as opposed to socialism, which is ‘the science of slavery.’” That forthright appraisal is about all that’s good in Fitzhugh.

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slave, ancient, Roman, Rome, chains,

Photo by Jun on flickr

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Not Your Mother’s How-​To Manual

communism, socialism, freedom, capitalism, motherhood, family,

“Want to Dismantle Capitalism?” asks The Nation headline for a recent interview with feminist Sophie Lewis, immediately answering: “Abolish the Family.”

In a world of YouTube videos on how to do almost everything, apparently the progressive publication noticed something missing: There is no reliable guide for going full commie.

Rosemarie Ho prefaces her discussion with Ms. Lewis, author of “Full Surrogacy Now: Feminism Against Family,” by observing that “the most infamous demand of The Communist Manifesto is the ‘abolition of the family.’”

“The family, Marx and Engels noted, was where patriarchy and capitalism worked in tandem to produce willing, alienated workers,” writes Ho, “where women became little more than ‘instruments of production’ for the men who lorded over them.”

Ah, “little more” — how depressingly reductionist.

Ho applauds that Lewis “takes up this forgotten struggle” and “gives us an account of the material conditions — the biological and societal violence — that gestators, or people who are carrying fetuses, have to bear.”

“Mothers nurture,” acknowledges Lewis, “but they also kill and abuse their wards. That’s why it’s so valuable to denaturalize the mother-​child bond. To do anything otherwise is to devalue that work. That’s the horizon that I think opens up the space for a revolutionary politics.”

Through 2,000 words of jargon, we learn that “motherhood is a very powerful ideological edifice,” as Lewis attacks “the idea that babies belong to anyone — the idea that the product of gestational labor gets transferred as property to a set of people.” After all, she informs that we should “think about babies as made by many people.”

Gestators of the world unite! We have nothing to lose but our sanity!

Oh … and the family. 

This is Common Sense. I’m Paul Jacob.

communism, socialism, freedom, capitalism, motherhood, family,

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Accountability folly free trade & free markets general freedom moral hazard property rights responsibility too much government

Poison Is Poisonous

poison, inflation, Venezuela, socialism, free markets, capitalism

Venezuela’s socialist economy has been collapsing. 

No big mystery. If, out of hostility to capitalism, a society keeps destroying everything that production, trade, and prosperity depend upon, the economy suffers. The benefits of markets don’t flow no matter what.

One assault has taken the form of hyperinflation — runaway printing of currency, done in part to dissolve government debt. Many Venezuelans are resorting to barter. It’s easy to understand why. 

Or is it? A Reuters reporter says that economists say that “the central bank [of Venezuela] has not printed bills fast enough to keep up with inflation, which … reached an annual rate of almost 25,000 percent in May.”

So go faster!?

Dude. Dude. The massive expansion of Venezuela’s money supply is what’s causing massive jumps in prices. Just like any other economic good, the medium of exchange is subject to the laws of supply and demand.

Other things being equal, enormously increasing a supply of a good will enormously lower its market value or price. Money, too, has a price — in terms of the non-​monetary goods being bought. If the pre-​hyperinflation price of a dollar in terms of bread is one loaf and the post-​hyperinflation price is one bread crumb, you won’t reverse the decline by printing even more dollars or bolívars even faster.

If you’re ingesting poison, you can’t fight the effects by being poisoned more and harder. The very first thing to do is stop ingesting the poison.

This is Common Sense. I’m Paul Jacob.

 

 

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Accountability folly free trade & free markets general freedom ideological culture media and media people national politics & policies responsibility

Coffee in the Age of Covfefe

Keurig, coffee, capitalism, Media Matters, Trump, Hannity, Roy Moore, Alabama

You might think that that coffee could not be spoiled by today’s politics, but, well, consider the Keurig line of coffee-​related products. I’m a Starbucks man, myself, but one of the great things about capitalism is that I can have my tall (or grande) latte and you can have your home-​brewed Keurig cup of java.

Enter Media Matters.

You might think of the outfit as the subject of President Trump’s enigmatic tweet of several months back … 

… which is all he wrote.

He obviously meant “negative press coverage,” but got distracted. And the typo took on a life of its own.

But Media Matters, a dirty player in the politico-​cultural wars (pretending to be a watch dog outfit), stepped in. One of Media Matter’s negative employees tweeted 

Good afternoon @Keurig. You are currently sponsoring Sean Hannity’s show. He defends child molester Roy Moore and attacks women who speak out against sexual harassment. Please reconsider.

And Keurig capitulated, pulling their ads from Hannity’s show.

Now, as far as I can tell*, Sean Hannity did not defend “child molester Roy Moore.” Understandably, Hannity’s fans struck back, not only initiating a public boycott, but made the whole thing viral by trashing the Keurig coffee makers in online videos.

This is the result of going full Alinsky.**

And there appears to be a clear bad guy here, clearer even than Roy Moore’s alleged crimes: Media Matters lied to squash Hannity for reasons having nothing to do with the Alabama Senatorial race.

Media Matters embodies “covfefe.” And the negativity has spilled out of politics and into the beauty of everyday life. Coffee.

This is Common Sense. I’m Paul Jacob.

 

* The YouTube recording of Hannity’s interview of Judge Moore that I listened to has been pulled, so there’s no point in linking to it. Instead, consider Ben Shapiro’s take and other non-​covfefe at The Daily Wire.

** Never go full Alinsky.

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Common Sense folly free trade & free markets general freedom ideological culture media and media people moral hazard nannyism national politics & policies

Evil Capitalists Hook Brazil On Eating

Brazil, junk food, capitalism, free markets, New York Times, folly

Have you heard the latest? 

More and more peoples around the world these days have the unfortunate misfortune of having adequate food — not merely vegetables either!! — thanks to the ruthlessly profit-​seeking food producers and their unconscionable engagement in the division of labor, capital accumulation, and international trade. 

It’s right there in The New York Times, which is, as you know, the paper of record. 

“DealBook: How Big Business Got Brazil Hooked on Junk Food.”

Dastardly! Those Big American Businessmen must have kidnapped the Brazilians, strapped them into chairs, and pumped Doritos into those poor souls with a syringe. Heaven knows, the fecklessly irresponsible Brazilians can’t be held responsible for their own diets.

How bad is it? 

This bad: “As growth slows in wealthy countries, Western food companies are aggressively expanding in developing nations, contributing to obesity and health problems.”

One expert quoted in the story (no hungry people consulted) says, “Part of the problem … is a natural tendency for people to overeat as they can afford more food.” 

Worse than Hurricane Irma!

Thanks to the Times’s aggressive investigative journalism, we know that these brazenly food-​selling companies do not even nag their international customers to be careful about their diets. Ergo, it’s chips and other indiscriminately convenient snacks for everybody, no strings attached. 

It’s become all too easy to be well-​fed and overfed and mis-fed. 

Thanks a lot, capitalism.

Oh for the good old hunting-​and-​gathering days when human beings spent much of their time starving, and the world had the human population of Binghamton. No problem with anyone gorging on Twinkies and Doritos back then. No problem of epidemics of corpulence.

We’ve lost that swell paradise … perhaps forever. 

This is Common Sense. I’m Paul Jacob.

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Illustration based on original photo by David Goehring on Flickr.

 

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free trade & free markets general freedom media and media people moral hazard nannyism property rights too much government

Of Salt and Socialism

Venezuela, socialism, free markets, capitalism, poverty, celebrities, freedom, repression, starvation

Nearly 75 percent of Venezuelans have lost 19 pounds or more in 2016. “People have become so desperate,” the Miami Herald reported recently, “that they are butchering and eating flamingos.”

While acknowledging the problem, TeleSUR, a television network based in Venezuela and funded by governments including Cuba, Ecuador, Nicaragua, and Venezuela, called the Herald’s story “kooky” and suggested taking reports “like alleged flamingo eating with a grain of salt.”

If, in socialist Venezuela, one could find a grain of salt.

In America, salt is necessary, too, when listening to our socialist Hollywood celebs blather about their kooky diets, for which some are blaming President Trump.*

Socialism kills. The deprivations in Venezuela are no joke, for along with economic chaos, Venezuelans are experiencing political repression on a grand scale. A new report from Luis Almagro, secretary general of the Organization of American States (OAS), documents the thousands arrested for protesting or “having posted something against the national government or a public official on Twitter.” The report details the “curtailment of civil, political and electoral freedoms” and “torture” and “censorship.”

Almagro calls for the suspension of Venezuela’s membership in the OAS, which is long overdue. The Human Rights Foundation demanded that nine years ago.

The Obama administration opposed such a move, as the Washington Post editorialized, in order to pursue “a legacy-​making détente” with “the Castro regime in Cuba.”

At Townhall,** I urged Trump to support the effort to boot Venezuela out of the OAS, which might provide some assistance toward political change there … and Venezuelans eating more.

And perhaps to socialists in Hollywood and elsewhere eating crow … but not flamingo.

This is Common Sense. I’m Paul Jacob.

 

* I covered this last week, when I compared their Trump Diet nonsense to the “Maduro Diet,” named for Venezuelan President Nicolás Maduro, the socialist dictator presiding over the complete economic collapse of what, prior to socialism, had been South America’s richest country.

** From which this Common Sense is adapted.

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