Category Archives: Business

The Trump Card: Trade Aggression

Business, Celebrity, China, Economy, Elections, Foreign Policy, Free Markets, Politics, Trade

Watch out Alec Baldwin (or should that be America?), publicity hound Donald Trump is considering a run for office. Trump is motivated by the sense that the nimbus of great power that surrounds the US is dissipating. It hasn’t occurred to him to look closer to home for the cause of America’s economic anemia—at Fanny and the Fed, for example. Trump thus blames OPEC because he has no idea what’s potting, and is not eager to look in his own plate—at the burdens of doing business in the US. OPEC and the Chinese.

Among American opinion makers, Sinophobia is considered an economic theory and is thus sanctioned. Disliking China falls within the realm of economic theorizing. Accordingly, Chinese success is put down to currency manipulation, and not the industry, frugality, and hard work of that people.

The Trump plan to reclaim American power and prestige in the world includes force, of course. Like Baldwin, Trump has never wanted for anything for too long, at least not in recent memory. Strutting around on the world stage; showing those South Koreans and Chinese who’s boss: that’s a perfect complement to the waning testosterone and increasing megalomania that are the ingredients of Trump persona.

UPDATED: Net Neutrality Odyssey

Business, Constitution, Fascism, Free Markets, Internet, Private Property, Technology

If they are not, the FCC’s new Net Neutrality rules sound awfully like price fixing, or a kind of Internet Civil Rights Act, where everyone must be allowed access to everything without discrimination based on, well, what and how much you purchase.

Ruled by regulators we certainly are.

Article I, Section 1, of the United States Constitution, provides that:

All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

So what is the Federal Communications Commission (FCC) doing regulating the Internet? Nothing out of the ordinary is the answer. The FCC is just doing what all America’s extra-Constitutional government agencies do: manage all aspects of American life. Hence the term “The Managerial State.”

ROBERT M. MCDOWELL, a Republican commissioner of the Federal Communications Commission, calls the FCC’s unconstitutional power grab a “jaw-dropping interventionist chutzpah”; a bypasses of “branches of our government in the dogged pursuit of needless and harmful regulation.”

Let us not forget that the Net Neutrality odyssey began with that bastard Bush. As Wired reports, “In 2005, then-FCC chairman Michael Powell issued a set of principles, the so-called Four Freedoms, which said that internet users had the right to use the lawful software and services they want to on the internet, access their choice of content, use whatever devices they like, and get meaningful information about how their online service plan works.”

Note the Bush boy’s UN-like language: “Four Freedoms.”

This is important: “Both wireless and fixed broadband service providers will have to explain how they manage congestion on their networks. Cable and DSL companies will have to let you use the applications, online services and devices that you want to. Meanwhile, wireless companies will be prohibited from blocking websites and internet telephony services like Skype. Cable and DSL providers would be barred from ‘unreasonably’ discriminating against various online services.”

An Internet Civil Rights Act of sorts.

The one thing that bothers me is this: Is Comcast, for example, not a franchise (“a privilege or right officially granted a person or a group by a government”)? The kind of areal monopoly they enjoy and less-than-optimal service they provide in the market seems to suggest that possibility.

Franchise status might also explain why, as Wired observed, “There was one group … which seemed content with the new rules: the nation’s cable and telecommunications companies, including AT&T, Comcast and Verizon. They’ve been making the rounds in recent weeks signaling their support for Chairman Julius Genachowski’s compromise deal.”

UPDATE (Dec. 22): GREAT MINDS. Michelle Malkin also finds Civil Rights language to be the appropriate source of metaphor to describe the impetus of laws that’ll mandate equal Internet access to all irrespective of the cost of a product or service.

Under the FCC’s new regime, the market will be fattened and socialized and the price system sundered. This means worse service for all paying customers as the incentive to innovate are removed. When will Out “Overlords Who Art in DC” UNDERSTAND that the price and profit system is the key to prosperity? The correct answer is “never.”

VIA MICHELLE:

Undaunted promoters of Obama FCC chairman Julius Genachowski’s “open Internet” plan to expand regulatory authority over the Internet have couched their online power grab in the rhetoric of civil rights. On Monday, FCC Commissioner Michael Copps proclaimed: “Universal access to broadband needs to be seen as a civil right…[though] not many people have talked about it that way.” Opposing the government Internet takeover blueprint, in other words, is tantamount to supporting segregation. Cunning propaganda, that.

“Broadband is becoming a basic necessity,” civil rights activist Benjamin Hooks added. And earlier this month, fellow FCC panelist Mignon Clyburn, daughter of Congressional Black Caucus leader and Number Three House Democrat James Clyburn of South Carolina, declared that free (read: taxpayer-subsidized) access to the Internet is not only a civil right for every “nappy-headed child” in America, but essential to their self-esteem. Every minority child, she said, “deserves to be not only connected, but to be proud of who he or she is.”

Facts About Those ‘Fat Cats’

Business, Economy, Human Accomplishment, Socialism, Taxation

Via Bernie Goldberg:

In case you didn’t know:

“The top 1 percent of Americans pay about 38 percent of all our federal personal taxes (according to the National Taxpayers Union)?”

“Or that the top 5 percent pay just under 60 percent?”

“Or that the top 10 percent pay about 70 percent of all the personal income taxes collected in this great land of ours?”

“These ‘fat cats’ are the ones who do the heavy lifting in this country. They’re the ones whose federal tax dollars pick up a big chunk of the tab for all sorts of noble things, such as food for folks who don’t have enough to eat … medicine and doctors for people with little money … financial aid to help other people’s kids go to college … milk and diapers for poor babies whose 15-year-old mothers and deadbeat fathers are too irresponsible to take care of their own kids … a safety net for old folks who are retired on fixed incomes … and on and on. …”

“By the way, the bottom 50 percent of wage earners pay a paltry 2.7 percent of our federal income taxes. How many poor people do you think their tax dollars are taking care of? If you ask me, they’re the ones not paying their fair share. Every time they pass a ‘rich’ person on the street, they ought to say, ‘Thank you for everything you do me and for this country.'”

UPDATED: Lindt Makes Light Of TSA Looting & Lusting

Business, Homeland Security, Private Property, Regulation, The Zeitgeist

There aren’t many things that can put me off Lindt chocolates, such is their exquisite quality and taste. Except this repulsive ad. I went cold turkey after viewing the lighthearted look Lindt took at two TSA agents looting and lusting with impunity.

UPDATE (Dec. Eighth) : I’m surprised that individuals who’re serious about liberty could find humor, irony, and all shades of nuance in this Lindt ad.

Lindt here is not lampooning the TSA, whose representatives are depicted by pretty, lusty, sensuous, and “assertive” ladies. Just like American men love their women. This is a date. Two lovely women (after all, the TSA is a magnet for such types, isn’t it?), with an appreciation for the finer things in life, alight on a handsome man, who is too well-conditioned to oppose them with more than a meek, “You’re kidding, right?”

How droll!