Category Archives: Communism

Dipstick Depression

Barack Obama, Communism, Debt, Economy, Federal Reserve Bank, Free Markets, Regulation, Socialism

Following the deductive genius of Austrian economics, many of us have been warning that Obama’s policies are plunging the country into a depression. The best book on the topic, of course, is America’s Great Depression By Murray N. Rothbard. Now, in a study endorsed by Nobel laureate James Buchanan, economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute contend that Obama’s “policies even have the potential to consign the US to a similar fate as Argentina, which suffered a painful and humiliating slide from first to Third World status last century.”

According to the British Telegraph, “There are ‘troubling similarities’ between the US President’s actions since taking office and those which in the 1930s sent the US and much of the world spiralling into the worst economic collapse in recorded history, says the new pamphlet, published by the Institute of Economic Affairs.”

“… the White House’s plans to pour hundreds of billions of dollars of cash into the economy will undermine it in the long run. They say that by employing deficit spending and increased state intervention President Obama will ultimately hamper the long-term growth potential of the US economy and may risk delaying full economic recovery by several years.

“The study represents a challenge to the widely held view that Keynesian fiscal policies helped the US recover from the Depression which started in the early 1930s. The authors say: ‘[Franklin D Roosevelt’s] interventionist policies and draconian tax increases delayed full economic recovery by several years by exacerbating a climate of pessimistic expectations that drove down private capital formation and household consumption to unprecedented lows.'”

The researchers err in their support for “the Federal Reserve’s moves to slash interest rates to just above zero and embark on quantitative easing, pumping cash directly into the system.” That goes against the grain of what the authors have contended.

Truly scary, but nothing that Austrians have not been bracing for, is the warning “that greater intervention could set the US back further. It is also not impossible that the US will experience the kind of economic collapse from first to Third World status experienced by Argentina under the national-socialist governance of Juan Peron.”

“The paper … recommends that the US return to a more laissez-faire economic system rather than intervening further in activity.” Dah!

Said James Buchanan: “We have learned some things from comparable experiences of the 1930s’ Great Depression, perhaps enough to reduce the severity of the current contraction. But we have made no progress toward putting limits on political leaders, who act out their natural proclivities without any basic understanding of what makes capitalism work.”

Read “Voodoo Child Talks Up A Storm,” and “The Commie Who Controls the Economy From the Grave.”

Update III: A Jeremiah-Wright Repeat Performance (Jones Gone)

Barack Obama, Communism, Democrats, Environmentalism & Animal Rights, Government, Left-Liberalism And Progressivisim, Socialism

Spare me a repeat performance of the Jeremiah Wright farce, only with Van Jones, the Special Advisor for Green Jobs at the White House Council on Environmental Quality, substituting for the Obamas’ preacher; and surfacing in YouTube clips while delivering Wright-like jeremiads lambasting white men and Western civilization, as every liberal lunatic and wimpish WASP pretends Obamby hardly knew the jejune Jones.

Can we skip this? Can this country’s anointed cognoscenti at least pretend to be familiar with the concept of a learning curve?

To quote ABC News Senior White House Correspondent Jake Tapper:

Van Jones,

“[a] top environmental official of the Obama administration issued a statement Thursday apologizing for past incendiary statement and denying that he ever agreed with a 2004 petition on which his name appears, a petition calling for congressional hearings and an investigation by the New York Attorney General into “evidence that suggests high-level government officials may have deliberately allowed the September 11th attacks to occur.”

Jones, the Special Advisor for Green Jobs at the White House Council on Environmental Quality, is Number 46 of the petitioners from the so-called “Truther” movement which suggests that people in the administration of President George W. Bush “may indeed have deliberately allowed 9/11 to happen, perhaps as a pretext for war.”

In a statement issued Thursday evening Jones said of “the petition that was circulated today, I do not agree with this statement and it certainly does not reflect my views now or ever.”

He did not explain how his name came to be on the petition. A source said Jones did not carefully review the language in the petition before agreeing to add his name.

It’s one thing to have voted for Obama; it’s quite another to walk around in a daze pretending the man has no relationship to the entourage of crazies that has been catapulted to power with him.

Incidentally, I am less perturbed by Jones’ affinity with 9/11 conspirators than with the vertiginous ignorance of economics that accompanies his green faith. The man’s mandate is to do serious damage.
Just as Obama intended.

Here’s a prophetic prediction (NOT): There are many Van Jones’ in the Obama administration. You’ll meet them in the fullness of time. Quit feigning surprise when they crawl out from their dank corners.

Update I (Sept.4): I TOLD YOU SO. The predictable LiveLeak and YouTube clips are surfacing showcasing this apparent anomaly in the Obama administration: a black man who is every bit as cynical and smug as Jeremiah Wright, and like him is consumed by savage rage and envy. But like Obama’s confidant and reverend of 20 years, Van Jones is somehow treated atomistically. Conservatives too are positing only whether he has a future; will he be fired, and what kind of vetting did he undergo. It is manifestly obvious to these pundits that Obama could not possibly have approved of such a man.

Once again, “The Real Slim Shady” slithers away successfully.

Update II: THE REAL STORY is this, courtesy of Byron York:

Total words about the Van Jones controversy in the New York Times: 0.
Total words about the Van Jones controversy in the Washington Post: 0.
Total words about the Van Jones controversy on NBC Nightly News: 0.
Total words about the Van Jones controversy on ABC World News: 0.
Total words about the Van Jones controversy on CBS Evening News: 0.

Update III (Sept. 6): JONES FALLS ON HIS SWORD so that Obamby may retain his porcelainized image. My Way News:

“President Barack Obama’s adviser Van Jones has resigned amid controversy over past inflammatory statements, the White House said early Sunday.

Jones, an administration official specializing in environmentally friendly “green jobs” with the White House Council on Environmental Quality was linked to efforts suggesting a government role in the 2001 terror attacks and to derogatory comments about Republicans.”

Cooperation, Not Communism

Capitalism, Communism, Free Markets, Intellectual Property Rights, Liberty, Political Economy, Political Philosophy, Socialism, Technology

On my mind is another of Glenn Beck’s frequently made errors. Whenever Beck sends out a free copy of his newsletter, he declares “provocatively” that “Glenn has succumbed to socialism.” Avail yourself of the product of Glenn’s momentary insanity, he will exhort (referring to himself in the third person), and sign up for this free, socialistic service. This is a good opportunity to clarify what socialism really is, for unless you understand that there can be no socialism without state coercion, why, then, you comprehend very little about the dread socialism—as little as conservatives and Republicans do.

Indeed too many people conflate the voluntary provision of a free service with socialism. Voluntary cooperation, even absent remuneration, is never socialism. Glenn Beck seems to think that anything free is socialism. Not so. A Kibbutz—Israeli communal living—is a voluntary socialistic arrangement, which, if you prize freedom, is as good as any arrangement people want to enter that is coercion free. Kibbutzim are often economically viable arrangements. Perhaps this is because people are there by choice and by belief.

Thus, an open source software project, worked on voluntarily by scores of developers across the globe, is not socialism. Although volumes have been written on the pros and cons of open source versus proprietary software, the proof is in the pudding: Although free, open source is often as good as software that costs serious money.

I do not want to veer into the copyright debate. However, I still stand by my writing on the topic. “KAZAA,” for example, was engaged in voluntary exchange; “THE COPYRIGHT CARTEL” was the fascistic attempt to infringe on this voluntary exchange—and on tangible property not its own. But let’s leave this debate right now.

Comrades Castro And Chavez Fear Competition…

America, Barack Obama, Business, Capitalism, Communism, Economy, Socialism

FROM BARACK OBAMA. “Fidel, careful or we are going to end up to [Obama’s] right,” Chavez joked on a live television broadcast.” More via Reuters:

“Venezuela’s President Hugo Chavez said on Tuesday that he and Cuban ally Fidel Castro risk being more conservative than U.S. President Barack Obama as Washington prepares to take control of General Motors Corp.”

“During one of Chavez’s customary lectures on the ‘curse’ of capitalism and the bonanzas of socialism, the Venezuelan leader made reference to GM’s bankruptcy filing, which is expected to give the U.S. government a 60 percent stake in the 100-year-old former symbol of American might. …”

“During a decade in government, Chavez has nationalized most of Venezuela’s key economic sectors, including multibillion dollar oil projects, often via joint ventures with the private sector that give the state a 60 percent controlling stake.”

“Obama has vowed to quickly sell off General Motors once the auto giant is back on its feet, but the government will initially control the company after a $30 billion injection of taxpayer funds.”