Has Capitalism Failed?
Gerald (See below) is bang on when he criticizes Ray Dalio's ridiculous claim that "capitalism has failed." It just goes to show that you don't have to be smart to be rich.
For much the same reasons as Gerald gives, I have felt my blood pressure rising whenever someone chooses to wisely inform me that "capitalism has failed." If I were in a good mood, I would simply tell them that WE DON'T HAVE CAPITALISM. To hear this mantra repeated over and over and over again, for a span of five decades ends up really trying a guy's patience to the point that, when not trying to "be the best a man can be," I would simply reply with, "You are a fucking retard."
I know this will be considered to be nothing more than "tin-foil hat" libertarianism, but one of the first things I learned is that government economic intervention causes distortions including, but not limited to, shortages and surplusses.
Unemploym…
We RecommendAnother form of censorship on Facebook.
As you know, powerful media platforms have gone political and are now censoring and banning people and ideas they deem "Hateful" and, or "Racist." In other words, anyone who has a political opinion to the right of Lenin.
The first time anyone accused me of being a "racist" happened to me before I'd even heard of the internet. It was on the old Compuspec bulletin board run by the Hamilton Spectator. I had written, in one of the political forums, that government-run welfare programs should be abolished. There was, of course, the huge, predictable backlash of moral outrage and leftist venom, but there was something else. One of the offended participants accused me of being a "racist."
In searching my soul for any possible truth to this slur, I also asked myself why anyone would make such a baseless accusation. Finding nothing there, I took a minds-eye look at my accuser and, lo and behold, s…