Friday There are three options with regard to a nation’s economy: 1 Capitalism, which leads to capital creation, 2 socialism, which leads to capital destruction, and 3 the ‘Third Way’, which impairs capital creation but, in moderation, does not put the process in reverse and destroy capital. Today, option 3, the Third Way, is the preferred model … [Read more...]
A Free Man
Monday I am a free man, beholden to no tribe, group, country, state, territory or government save that which I choose of my own volition. I am beholden to no code, ideology, dogma, morality, logic, reason or law that is enforced by others, no matter who they are or what their claimed standing. I am not the property, chattel or subject of any external authority. I am … [Read more...]
Capitalism Equals Wealth Creation – Socialism Equals Wealth Destruction
Monday Let’s not be too hard on the Venezuelan socialists. Yes, it’s been a disaster and has resulted in widespread hunger amongst the poor and untold deaths. But the people did originally vote for socialism, despite all the historical evidence for what would happen. Besides, Venezuela is a minor manifestation of the disease. From the national socialism of Hitler, Mao … [Read more...]
Wealth Must be Created
Tuesday The Ancient Egyptians produced food in abundance. Their civilisation lasted for at least four thousand years. The Spanish stole galleon after galleon of Gold and silver from South and Central America. Their civilisation lasted for a few hundred years. The Egyptians created wealth; the Spanish stole it. Stealing is not sustainable; eventually the victims have … [Read more...]
The Only Perfect System is No System
Thursday Most people who are against Capitalism have rather odd ideas about what it is; some going so far as to equate it to the ugly blend of fascism and socialism existing in the US. Even those who sort of support it, sometimes repeat the sentiment that ‘Capitalism, despite its flaws, is the best system available. Capitalism has a very tenuous connection with a … [Read more...]