Filed under: Bureaucracy, Capitalism, Democrat Corruption, Economy, Education, Free Markets, Freedom, Politics, The United States | Tags: Economist Dierdre McCloskey, Human Progress, The Great Enrichment
Reposted from May, 2016: In case we need reminding
“Two centuries ago, the average world income per human (in present day prices) was about $3 a day It had been so since we lived in caves. Now it is $33 a day—which is Brazil’s current level and the level of the U.S. in 1940. Over the past 200 years, the average real income per person—including even such present-day tragedies as Chad and North Korea—has grown by a factor of 10. It is stunning. In countries that adopted trade and economic betterment wholeheartedly, like Japan, Sweden and the U.S., it is more like a factor of 30—even more stunning.” That’s from an article by economist Dierdre McCloskey.
An American, on average earns $130 a day, China is roughly $20 a day, and India at $10 after their release from a crippling socialism of $1 a day. And the growth of material plenty has been stunning. McCloskey quotes Matt Ridley in his book The Rational Optimist (2010) that what happened over the past two centuries is that “ideas started having sex.” There is no end to what people can do when they are set free to have ideas and have the freedom to act upon them. Once you have the ideas, getting the wherewithal to do them is simple because they are so obviously profitable.
“The Great Enrichment of the past two centuries has one primary source: the liberation of ordinary people to pursue their dreams of economic betterment.” How very odd then that the Progressives are so sure that the only route to a better world is for enlightened leaders like themselves to control and regulate the economy, and the people. (As I just said, they really don’t understand cause and effect).
The Heritage Foundation just released their annual report on the tide of red tape that threatens to drown American consumers and businesses. The Obama administration has added 20,642 new regulations during his presidency. More than $22 billion per year in new regulatory costs were imposed on Americans last year.
Professor Richard A. Epstein wrote in an article for the Hoover Institution that:
One of the most disturbing trends in the United States is the relentless concentration of power in the federal government. Ever since the New Deal, the classical liberal vision of limited government and strong property rights has taken a back seat to a progressive vision of a robust administrative state, dominated by supposed experts, whose powers are largely unimpeded by legal constraints. Wholly apart from Congress, the new administrative state has adopted and enforced its own laws and regulations, and is defined by unilateral actions by the President and other members of the executive branch, all of which threaten the system of checks and balances built into the original constitutional design.
The Leftists are so sure of their moral superiority, and that their aims are correct that they feel no need to study up on the questions of the day. Obama frequently notes that some things are “on the right side of history” and others are on “the wrong side of history. “Cosmic forces both agree with him, and are unimpeachable. Anything to do with climate is “settled science”and those who disagree should be punished.
Yet one gets the distinct impression that the president has never read a word of the science, and only seen that which is presented to him as from “unimpeachable sources,” without considering the possibility that there is another view.
The view that it is freedom that releases people to come up with the ideas and that the generation of new ideas leads to more and more creativity, growth and prosperity is so foreign to the philosophy of the Left that they are literally frightened of what people might do if left without the guidance of the enlightened and morally correct public servants of the nation’s capitol. For our “public servants’, Herb Meyer remarked recently, Washington D.C. is not a city, it is a profession.
We must be guided, controlled, and led down the correct paths to a brighter future. There is no other way.
See: “The Myth of Progress” by Victor Davis Hanson, from the Hoover Institution.
“The Rise of American Socialism” by Paul R. Gregory, from the Hoover Institution
Filed under: Bureaucracy, Capitalism, Democrat Corruption, Domestic Policy, Economics, Free Markets, Freedom, Health Care, Law, Politics, Progressivism, Regulation, Taxes | Tags: Administrative State, Free Market Capitalism, The American Health Care Act
The Republican bill to take a tiny poke at fixing ObamaCare went nowhere. They didn’t have the votes—largely because the bill didn’t do much of anything. Everything you need to know about ObamaCare can be summed up in one quotation from Thomas Sowell.
to administer it.
Aside from affordability, federal government bureaucrats have no idea how to manage or control or supply health care. Every attempt by government to do health care has ended in disaster. The federal government cannot do VA health care, and veterans die while waiting to be seen. Indian health care is a disaster. Even the FDA is a disaster. Over regulated and over controlled.
Medicare was built on the idea that a growing population meant that if each generation paid in for the smaller generation that came before, then Medicare would go along smoothly with the old folks always cared for. This is usually called a Ponzi scheme. Nobody planned on the baby boomers. They are a huge generation beginning to retire, and Medicare is going broke, because the next generations are not larger. Oooops!
The Democrats devised all sorts of things that they thought would make their health care plan work better, and all sorts of regulations that they thought would save money, and all sorts of requirements that they thought would make people like the program better, and they lied about their basic purpose. Their basic purpose was to initiate a Single Payer Plan. But not because it would provide better care.
The British have a single payer plan in the National Health Service. The people get taxed and they get free health care. And the reason that it was the Democrats’ basic purpose was because the British people were so afraid of losing their health care that they always voted for keeping it, and for the Labour Party who promised that they could keep it. Unfortunately it doesn’t work, and the government keeps making new regulations to cut costs, and old folks die from neglect, and dehydration, and dirty sheets and infection, and long lines of ambulances line up at hospitals waiting for a vacant bed for the next patient. That’s Single Payer.
Here at home, the ideas that were behind all the regulation and requirements that they thought would save money didn’t, because Democrats do not understand the free market—that’s why they are Democrats. And because they do not understand the free market and competition, their bureaucrats had no idea how to devise plans that worked, and they didn’t even know how to get people to sign up, nor how to get enough insurance companies competing to bring costs down. Being Democrats, they assumed that insurance companies were evil (Capitalists) without any understanding that insurance companies have a lot of expertise in devising insurance, and with all insurance companies competing, there’s a lot of demand to be efficient, to create policies that work for consumers, to figure out how to keep prices down so the other insurance companies can’t take their business away. That’s how the free market works.
The Republicans said they had been working on a replacement for 8 months, but we have been stuck with a failing and unworkable ObamaCare for 7 years.
We are going to have to pay for most of the little stuff ourselves, with help for those who cannot care for themselves, and remember just what insurance really is. Insurance is meant to protect you from the big disasters, not the little things.Your car insurance protects you when someone runs into you and wrecks your car. Your homeowner insurance protects you when you have a kitchen fire or a broken pipe that floods the house. Health insurance should protect you when you break your leg, or find a cancer, or need immediate surgery, not buy your tampons or pay for your immunizations.
And if you devise a new health care plan for the people, you’d better damn well make sure that every member of Congress and the bureaucracy has to deal with exactly the same system.
Filed under: Bureaucracy, Capitalism, Crime, Democrat Corruption, Domestic Policy, Economy, Education, Law, Politics, Progressivism, Taxes | Tags: Ranks Deadl Last, The Golden State, Worst State for Business
The newly-created McGee Report from Fayetteville State University is an annual report on the Best and Worst States for Business. “The fifty states are ranked based on the extent to which they facilitate business creation and expansion. This study incorporated the data collected from five other studies, which included the examination of hundreds of variables. Utah was found to be the most business friendly state; California was least business friendly. States that voted Republican in the 2016 presidential election tended to be more business friendly than states that voted Democratic.” Social justice at work.
Reading the comments is almost as much fun as the list. The commenters seem to be mostly Californian. In San Francisco, you can rent a bunk bed, sharing a room with several others for $1,200 a month. The place packs in 25 people and rent runs from $1,250 to $1,900.
Three Democrat representatives have introduced a bill that would punish any contractors who dare to work on the border wall by withdrawing any investments in their companies by state-controlled pension funds.
California’s boondoggle bullet train was initially budgeted at $32 billion and the price tag is now up to $68 billion (which the taxpayers are on the hook for), and the initial stretch of track, the easiest to build part of the entire 700 mile route is now $10 billion, and not a single mile has been laid. Just seven years behind schedule. The governor is begging for help, but the Trump Department of Transportation has put the brakes on. Jerry Brown’s California suffers the nation’s highest housing prices, largest percentage of people in or near poverty of any state and an exodus of middle-income, middle-aged people. Job growth is increasingly concentrated in low-wage sectors.
The state is the front line for Sanctuary Cities, is zealously fighting natural climate change, their schools are lousy, and they are the worst state in the country for their business climate. Good on social justice though.
Do take a look at the charts. Besides the McGee rankings, it includes the ranking from Forbes, Tax Foundation, Institute for Legal Reform and the Cato Institute. If you scroll down through the comments you will come to one gentleman who did read the whole thing, including how the rankings were calculated — who actually lives in California, and wishes he didn’t. I’ve lived in both the Bay Area and in Southern California, and couldn’t wait to leave.
Filed under: Bureaucracy, Domestic Policy, Economics, Law, Regulation, The Constitution, The United States | Tags: Judge Neil Gorsuch, Senate Hearings, The Supreme Court
If you missed Neil Gorsuch’s opening statement in the Congressional Hearings for his appointment to the Supreme Court yesterday, here’s your chance to hear the whole thing. It was a remarkable statement, and any Democrat attempting to challenge Judge Gorsuch is going to look pretty foolish. It was that impressive. Good Man.