Fascism and other kinds of socialism

Economist Thomas Sowell explains fascist economics (absolute government control of the economy while allowing private ownership) and puts it into the context of other varieties of socialism and leftist ideologies. [Read more…]

Making Mexico pay for the wall

So let’s assume that Donald Trump gets the Republican presidential nomination, which is probable, and that he is elected President, which is possible.  How would he carry out his promises?

Consider his vow to build a wall between the United States and Mexico to keep out illegal immigrants, and, furthermore, to make Mexico pay for it.   The government of Mexico has said, defiantly, that there is no way they would pay for a wall.  Trump responded that he would therefore make it ten feet higher.

(My brother says that Mexico would indeed build a wall and pay for it in order to keep out the hordes of Americans who would flee the country if Donald Trump were elected President.  My sister said that she heard that joke from Jimmy Fallon.  My brother said that while that might be, he came up with it independently.)

But how would President Trump make Mexico pay for the wall? [Read more…]

Young voters prefer socialism, reject conservatism

A poll of first and second-time voters, age 18 to 26, has found that two-thirds prefer socialism or even communism to capitalism.  A majority believe that America is no better than any other country.  And only 15% favor Republicans.  This may spell doom for Republicans and conservatives in general for the next three decades.  So says pollster Frank Luntz.

I would say that once this cohort gains some life experience, some of their political beliefs will change.  That’s usually the pattern.  It certainly was for those of us in the Sixties generation.  I also suspect we are seeing the fruit of today’s educational system.  The founders believed that a free republic requires an educated citizenry.  Not just any kind of education, but a “liberal” education, the term coming from the Latin word for free citizens.  That is, the classical liberal education that expanded the mind, taught discernment, stressed the lessons of history, and studied the high points of our civilization.

When that kind of education is jettisoned in favor of relativism, revisionism, and leftist political indoctrination, what can we expect?  Why wouldn’t they think that socialism and communism are “more compassionate” than capitalism, if they know nothing about economics, history, or objective reality? [Read more…]

The problems with socialism

As we’ve been seeing, socialism of various flavors is back in vogue.  But, as University of Oklahoma professor David Deming points out, socialism not only has a bad track record, it is problematic morally. [Read more…]

Millennials like socialism, but don’t want a government-run economy

Millennials–young adults 30 and younger–like socialism.  85% of that cohort in Iowa and New Hampshire voted for socialist Bernie Sanders, and a majority (53%) in one poll favor socialism over capitalism.  At the same time, 64% of this age group do not want the government running the economy, preferring instead the workings of the “free market”!

Which tells us that Millennials are such relativists that they have no problems believing in two contradictory ideas, or don’t know what socialism is, or have never been taught economics in school, or all of the above.  They also have no memories of the Cold War, with its death struggle between capitalism and communism, and no experience with socialistic experiments, such as the Nixon administration’s wage-and-price controls, which gave us gasoline and food shortages.  (Anybody remember that?  And Nixon is usually portrayed as a conservative!)

Read the research from the Federalist, linked after the jump. [Read more…]

Stock market crash?

The Dow Jones Industrial Average has plunged 1,658 points since January 1.  Retirees dependent on their retirement accounts are shaken.  What do you think the prospects are?  Does this herald an economic disaster? [Read more…]