American Elephants


Milton Friedman on Socialized Medicine by The Elephant's Child

I love Milton Friedman’s clear explanations of simple economic principles. Do any of those on the Left ever watch any of these? Silly question, of course they don’t. Could we get all of these videos into the schools?  Never mind, I’m fantasizing.

 



Today’s Must Read Essay, Not to Be Missed. by The Elephant's Child

Today’s must read column is by Victor Davis Hanson, who explains the Obama Doctrine for America — our foreign policy, theory and practice.

Summed up, the Obama Doctrine is a gradual retreat of the American presence worldwide — on the theory that our absence will lead to a vacuum better occupied by regional powers that know how to manage their neighborhood’s affairs and have greater legitimacy in their own spheres of influence. Any damage that might occur with the loss of the American omnipresence does not approximate the harm already done by American intrusiveness. The current global maladies — Islamist terrorism, Middle Eastern tensions, Chinese muscle-flexing, Russian obstructionism, resurgence of Communist autocracy in Latin America — will fade once the United States lowers its profile and keeps out of other nations’ business.

Do read the whole thing. I think Dr. Hanson is spot on, though I wish it were otherwise. We will pay a high price for our gullibility in electing this man.

If you find that piece rewarding, as I did, you may appreciate Dr. Hanson’s self-described ‘apocalyptic essay’ on Monday, in which he is not so optimistic, but excellent, as always.

 



Can Inequality Be Fixed? Can There Be Social Justice? by The Elephant's Child

The current theme of the Democrats seems to be “Inequality.” Or “Social Justice” if you prefer. They speak of a growing gap between the very rich and ordinary folk, with the insinuation that anyone who gets very rich must have been unjust in their accumulation of wealth. Certainly this has been a major theme for Barack Obama. He spoke of redistribution even farther back than his famed encounter with Joe the Plumber. Michelle Obama spoke on the campaign trail of coercive redistribution of wealth, and the basic unfairness of America.

I have trouble with the concept of ‘social justice’— for the definition seems to vary from equality of opportunity, equal ability to develop one’s human potential, to the idea that society should treat all equally well who deserve being treated equally.

The gap between our IT billionaires and the poor is measured and remeasured.  We have had successful products in the past, but never before a product that is required by every person in every business and even in the poorest homes. Of course those who came up with new products, the applications and the updates and the new improved versions were going to be rewarded with fabulous wealth. Does the life of a poor person become worse because a new product enters the world? Is it somehow unfair that someone had the ideas and skills to develop those products is rewarded for so doing? How is this in any way— unjust?

If we must redistribute wealth to be just, how much do we have to redistribute? How much do we have to take away from the rich man to give to the poor man? Barack Obama promised “change” and millions of black Americans were sure that meant that their situation in life would improve. He has vigorously promoted redistribution of wealth for 4½ years, and the welfare of poor black Americans has steadily declined. The unemployment rate for black young people is a staggering 60%. The president wants to raise the minimum wage, but statistics show that will increase the unemployment rate for beginning workers, not help them.

Creating jobs for the unemployed is not what the redistributionists have in mind, however. What they have in mind is more welfare, and making the poor more dependent on government largesse. If they depend on government and their politicians for their food and housing, their health care, welfare and social services, they are very likely to vote for those who make the largesse available. The object is not “social justice” or “equality” but power for those who distribute the welfare.




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