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Accountability folly free trade & free markets general freedom moral hazard

Oil’s Bad that Ends Bad

Sometimes socialism seems reasonable.

Emphasis on “seems.”

Take natural resource socialism. Ores and oil are “just there in the ground” and “belong to everybody.” So it “just makes sense” that “the people” should “own” the mining and drilling and refining industries, and run these operations to share the profits to help “everybody,” not just a few.

The Mexican government bought into this back in 1938, when it nationalized the U.S.- and Dutch-​based oil companies. Today, the industry is under-​capitalized, its equipment old and inefficient. Mexico itself is a mess. The government is corrupt and the people far poorer than would have been the case had they not bought into the nationalization mania.

The cause of the problems should not be in dispute. “By cutting off Mexican oil exploration from foreign investment and foreign know-​how,” Ryan McMaken writes in an interesting analysis, “the Mexican state has only succeeding in making the Mexican oil industry less efficient, and less capable of taking advantage of the natural resources in Mexico.”

Which is why the government has been making tentative “liberalization” moves, de-​monopolizing Pemex, the government’s oil outfit.

Unfortunately, though the damage done by bad government policy and monopolistic privilege is everywhere to see, many people (especially intellectuals) in Mexico blame “neo-​liberalism” and non-​existent “free markets” for rising prices and the specter of economic collapse.

Once bitten by the natural resource socialism bug, it’s apparently easy to dismiss evidence. Or the common-​sense notion that government over-​reach has made the mess they now struggle with.

This is Common Sense. I’m Paul Jacob.


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Categories
folly ideological culture meme too much government

Don’t Worry!

Bernie’s plan will SAVE MONEY through Government Efficiency!


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Bernie Sanders, plan, socialism, government, efficiency, progressivism, collage, photomontage, cartoon, illustration, Paul Jacob, Jim Gill, Common Sense

 

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folly general freedom ideological culture nannyism privacy property rights too much government U.S. Constitution

Democratic Socialism…

Because BIG BROTHER is okay as long as enough people vote for him!


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Democratic Socialism, Big Brother, socialism, vote, voting, egalitarian, meme, Jim Gill, Paul Jacob, Common Sense

 

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general freedom ideological culture meme nannyism national politics & policies

A Childlike Faith…

SOCIALISM…

The childlike faith that a powerful, ever-growingGovernment couldn’t possibly pose a threat to freedom.


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socialism, childlike faith, government, power, progressivism, Paul Jacob, Jim Gill, Common Sense, meme, illustration

 

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Accountability folly free trade & free markets general freedom ideological culture meme nannyism national politics & policies

“The Good Kind of Socialism”

Don’t worry…

Bernie only wants “the good kind of socialism.”


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Bernie Sanders, The good kind of socialism, presidential race, progressivism, progressive, socialist, education, meme, cartoon, illustration, Jim Gill, Paul Jacob, Common Sense

 

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Accountability folly free trade & free markets general freedom moral hazard nannyism national politics & policies

Thanksgivings, 1623 AD

The Pilgrims we were taught about in school deserve a Paul Harveyesque “Rest of the Story” treatment. Most students were not told about how they tried communism before they wised up, though I actually had a teacher who made a point of it.

Yes, initially, the “community” owned everything, and all worked together for the greater good and the Glory of God.

Of course, it was a disaster.

The commune plan sparked sloth, shirking, family quarrels and resentment — with men regarding their wives’ work for others a “kind of slavery.”

And then near-starvation.

The solution? Privatize! They allotted land, setting “corne every man for his owne perticuler.”*

That worked well, but they still had to endure a late Spring drought, and things looked bleak. Then, after prayers and expressions of humility (as Governor William Bradford explained**), the rain returned:

It came, without either wind, or thunder, or any violence, and by degreese in yt abundance, as that ye earth was thorowly wete and soked therwith. Which did so apparently revive & quicken ye decayed corne & other fruits, as was wonderfull to see, and made ye Indeans astonished to behold; and afterwards the Lord sent them shuch seasonable showers, with enterchange of faire warme weather, as, through his blessing, caused a fruitfull & liberall harvest, to their no small comforte and rejoycing. For which mercie (in time conveniente) they also sett aparte a day of thanksgiveing.

So the most obvious political lesson to be drawn from the Pilgrim experience got lost in stories of rain and corn and Indians and such.

But it’s worth noting that Bradford wrote his discussions of communism — and how very wrong Plato and his ilk were — in his primary text, while his talk of the drought was an afterthought in his mss., and appears as a footnote in the edition I’ve consulted.

Both*** Plymouth stories deserve to be told.

This is Common Sense. I’m Paul Jacob.

 

*I wrote about this a few years ago, offering some of the juiciest quotations, in “Plymouth’s Great Reform.”

** Bradford’s History of Plimoth Plantation, available for free at Gutenberg​.org.

***The traditional date for the first Thanksgiving is given a few years earlier, with Squanto showing up and helping them plant and all. However, Bradford’s memoirs do not use the term thanksgiving (or “thanks-​giveing”) or even “thanks” in relation to the harvests of 1621 at Plymouth Colony. But there is talk of plenty of food, including that Thanksgiving specialty, the turkey:

And now begane to come in store of foule, as winter aproached, of which this place did abound when they came first (but afterward decreased by degrees). And besids water foule, ther was great store of wild Turkies, of which they tooke many, besids venison, &c. Besids they had aboute a peck a meale a weeke to a person, or now since harvest, Indean corne to yt proportion. Which made many afterwards write so largly of their plenty hear to their freinds in England, which were not fained, but true reports.

 


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pilgrims, socialism, communism, thanksgiving, sharing, shirking, illustration