Tag: George Soros

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crime and punishment ideological culture local leaders

Sorosian Justice?

George Soros, San Francisco, crime, justice

Criminal courts provide an old kind of justice, where individuals’ specific acts are judged and individuals, if found guilty, are punished.

“Social justice” is something else again — a daring, socialistic attempt to correct for all the ills “of society” or, more widely, “the cosmos.” That’s a huge agenda to stuff into the old practice, which, while never perfect, did serve, in its way, a noble social goal: curbing crime.

But when the social justice crowd infiltrated the old system in places like California, crime flourished. In early June, San Franciscans recalled their radical District Attorney and sent woke politics into a tailspin.

I’ve reported on this, but the story continues. As explained by Jack Phillips in The Epoch Times, the newly appointed replacement “district attorney in San Francisco fired at least 15 employees from the prosecutor’s office after her left-​wing predecessor Chesa Boudin was recalled last month.”

Heads rolled. And heads weren’t pleased. 

“I was unceremoniously fired without cause via phone by the Mayor’s appointed DA,” one prominent civil servant tweeted. “I am the highest-​ranking Latina/​LGBTQ member of the management team at that office. I will continue the fight 4justice.”

But what is that justice?

It’s a “fairer system,” said Chesa Boudin, the ousted DA, who objects to having been “scapegoated” for rising crime — but it’s sure hard to believe his pro-​criminal policies did not contribute to the crime wave.

Boudin’s brand of justice has been rumored to benefit from extensive promotion by billionaire George Soros. Soros’s office has denied supporting Boudin, yet The Epoch Times notes that Mr. Soros’s PAC funded, through an intermediary, Boudin’s recall defense campaign.

Most Americans want reforms to our justice system but do not agree with George Soros.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets ideological culture insider corruption

Billions and Billionaires

Where do billionaires come from?

Douglas French, president of the Ludwig von Mises Institute, reminds us where the term “millionaire” came from. It was

coined in 1720 during John Law’s “Mississippi Bubble” to describe those making vast fortunes in Law’s Mississippi Company stock that rose from 150 livres to 10,000 in the matter of months. But just as quickly, the stock and the currency wildly inflated by Law’s Banque Royale, crashed and Law was forced into exile.

Today’s plethora of billionaires — which in 15 years has increased fivefold — is (argues French) at least in part the result of Ben Bernanke’s monetary manipulations. He’s the John Law of our time. “What were once Law’s millionaires are now Bernanke’s billionaires.… Bernanke has been on the job for six years, and the Gates, Buffetts, and Slims of the world are reaping the benefit. But for how long?”

Keeping track of today’s billionaires has become both a form of popular entertainment (Forbes’s list) as well as a topic for careful study. The political “philanthropy” of George Soros and Charles Koch inspires both enthusiasm and dread in activists, left and right; Warren Buffett has become something of a hero to the 99 percenters, what with his repeated pitches for higher taxes on the rich.

But Buffett is a sly one. He makes his money in a variety of ways — one of which Peter Schiff recently explained: “Buffett actually stated in September 2008 that he would not have invested in Goldman Sachs if not for the implicit guarantee of federal assistance. As a result, he profited at the expense of taxpayers at the very time when they were losing their savings in the markets.”

Not all billionaires are created equal.

This is Common Sense. I’m Paul Jacob.