The racial problem is that stupid people can vote, that incentives for good behavior are weak or nonexistent, and that some people are unresponsive to incentives. Stop voting, ensure that everyone has good incentives, and then the problem is reduced those people unresponsive to incentives, a markedly smaller problem. Nations with slightly higher IQ are markedly wealthier than nations with lower IQ, but individuals with markedly higher IQ are not …
Category: economics
Radish defends slavery
As usual, good reactionary stuff. You favor abolishing welfare: What do propose to do with all the able bodied people that are too lazy or too violent or have too short a time preferance to hold down a job? Once upon a time, such people were put on the chain gang. Progressives did not like private individuals owning slaves, but they just love governments owning slaves. Look how they loved …
Fed has no gold
Supposedly, the Federal Reserve has mountain of gold, seven thousand tonnes stashed in various places in the US. By an astonishing coincidence, it owes banks in other nations seven thousand tonnes of gold. The Fed owes the German government fifteen hundred tonnes of gold. Germany asked for its gold back. The Fed did not want to give it. So Germany asked for three hundred tonnes of gold back. The fed …
Kill their leaders and convert them to … progressivism
Ann Coulter famously said “Kill their leaders and convert them to Christianityâ€. Regrettably, all the versions of Christianity that once upon a time would have been capable of implementing such a program have replaced the worship of Christ the Redeemer with Jesus the community organizer. The “Arab Spring†was the Cathedral deluding itself that it was installing progressive “Muslim†regimes in the Middle East – only to discover what was …
Derivatives did it!
Bernie Madoff steals from his depositors. An evil Jew did it! Punish the evil Jew Bernie Madoff. Jon Corzine, pillar of the progressive establishment, senior financial regulator, steals from his depositors. Derivatives did it!. Poor Jon Corzine. We must punish derivatives by regulating them further.
China more capitalist than the USA
With the USA becoming more socialist, and China more capitalist, it was inevitable that they would cross over. And so today we see that private property rights in China are more secure and respected than in the USA. Which means that in a little while, the average Chinese will be richer than the average North American. At present, Chinese cars per capita is 21% of the US, electricity per capita …
Leftwards with John Corzine
Urban Future tells us: When the Right attains power, it is by becoming something other than itself, betraying its partisans not only incidentally and peripherally, through timidity or incompetence, but centrally and fundamentally, by practically advancing an agenda that almost perfectly negates its supposed ideological commitments. It builds that which it had promised to destroy, and further enthralls that which it had promised to liberate. Its victories mean ever less, …
The first American socialist experiment.
Doubtless you have all seen this before, but it needs repeating, (and it is free content, being long out of copyright) Governor Bradford, repeatedly re-elected governor of the Puritan settlement tells us in his journal “Of Plymouth Plantation”:
Military incapacity illustrated
Shortly after my post “Military Incapacityâ€, a few hundred Tutsi rebels evicted the “Congolese Army†(poorly equipped black Cathedral third world armed forces) and seventeen thousand “United Nations International Peace Keepers†equipped with helicopter gunships and suchlike (better equipped and not quite so black Cathedral Armed forces) from the city of Goma in the Congo. This a straightforward conflict between a minority less inferior black race, and a majority inferior …
State capitalism
Google and Facebook competing for an Obama cabinet slot Big corporations get bigger while smaller businesses disappear. Most regulation is impossible to comply with, and is intended to be impossible to comply with. You “comply†with it by getting favors from the state exempting you from compliance.