Tuesday, August 9, 2011
Drudge is reporting massive temper tantrums in the U.K., Israel, Spain, Greece, Portugal, the Philippines, China, Syria and Lower Slobbovia.
It seems that Thatcher's theorem about socialism is proved: "Sooner or later you run out of other people's money." Pull a pacifier out of a baby's mouth and he will start to scream. The screaming has begun.
In all of these cases, the disaffected seem to believe that it is the duty of government to give them what they need to live: jobs, housing, food, clothing, etc. Government can't solve the problem because government is the problem. Only the private sector can provide those goodies, and you need a free market in order for that to happen.
Of course there are socialists who have wanted this chaos to happen, like Francis Fox Piven, who advocated making unsustainable demands on government services until government goes broke, and then somehow this will allow socialism to replace capitalism. Brilliant logic: make the patient as sick as possible because only then can he be cured.
I wonder when massive riots will begin breaking out in America? Probably right after Obama is re-elected, perish the thought.
Labels: Global Unrest, riots, Socialism
Saturday, March 26, 2011
To paraphrase Margaret Thatcher, "The trouble with socialism is that eventually you run out of other people's money." Socialism has run out of other people's money and the spending must stop. When the spending stops, however, the temper tantrums begin.
Governments trying to restore fiscal solvency are like parents with spoiled children. If the parents don't give in to every whimsical demand of their over aged, selfish brats, they run the risk of violence. Their spoiled children may smash the house and even beat up the parents. It is easy to spoil children but not always so easy to regain control and reassert authority. The Wisconsin protests and the London riots are proof of that.
The left has been making major efforts to install socialism in recent years, and their efforts seem to have increased with the election of Barack Obama. With "global warming" revealed for the scam it is, the "carbon credits" plan to redistribute wealth is more unlikely, the left understands that their gravy train is coming to an end. So they must make a major effort in the only way they know how, through loud demonstrations, property damage and violence.
It won't work, though. Socialism is a major failure and most people know it. Socialism is passé and the world has moved on. The day of the dinosaur will not return, in spite of the left's purple Barney fantasies.
Labels: Anarchists, riots, Socialism
Wednesday, March 2, 2011
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| Pamela Geller as Dagny Taggart, VP of Taggart Transcontinental Railroad Lines (of "Atlas Shrugged") |
The story is about key capitalists bowing out of the economy as governmental interference increases. The capitalists start their own colony and economy in a hidden valley in Colorado, and let the larger economy crash on the shoals of governmental overreach. The term "Who is John Galt?" refers to an early leader of the capitalist movement, who walks off the job one day after a pro-socialist meeting of the workers. "Who is John Galt?" then becomes a popular saying like "What's the price of tea in China?" or "Does a bear sh*t in the woods?" or simply "Who knows?"
Today, more than fifty years later, politicians have learned nothing about economics, and governmental overreach is on steroids. When major companies go out of business or move their operations overseas (to escape high taxation and onerous regulation), don't ask "Why?" Ask "Who is John Galt?"
The term "Atlas Shrugged" refers to the great Atlas of capitalism who, instead of continuing to hoist the world on his shoulders, shrugs off the burden. Now when companies shut down and entrepreneurs drop out of the economy or leave our tax world to find freer havens, people say that "Atlas is shrugging." Pamela Geller named her blog after this phenomenon, i.e. "Atlas Shrugs."
This phenomenon is not new. I remember years ago when European politicians complained of the "brain drain" to the United States, as talented European engineers, scientists and entrepreneurs fled to the greener pastures of North America. Today we may be experiencing a "reverse brain drain" as the technically talented follow their ambition to China and India. Socialism and its weaker sister liberalism do not strengthen an economy, they slowly choke the life out of it, resulting in lower productivity as the talented seek greater opportunity elsewhere.
Labels: Atlas Shrugged, Ayn Rand, Labor Unions, Socialism
Friday, December 10, 2010
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| Item Needed by Outraged College Students in the U.K. |
Recently, Britain's Parliament increased college student tuition from $5,000 to $15,000. Britain, like most socialist countries, is broke, and so have undertaken an austerity program. British college students responded to the increase by rioting in the streets, even attacking an automobile carrying Prince Charles and Camilla, denting its doors. One student thug jabbed Camilla in the ribs with a stick, through an open window in the car.
This British rioting is reminiscent of the recent French rioting over a government increase in the retirement age from 60 to 62. Government goodies are addictive and the withdrawal painful.
See also Time Magazine, "Why Students Are Rioting in London."
Labels: Entitlements, Liberal Temper Tantrums, Socialism


