As Margaret Thatcher wisely noted about the end of socialism, “The problem with socialism is that you eventually run out of other people’s money.”
“The South American nation of Venezuela is about to erupt.
“Thousands of citizens are fed up and are now taking to the streets to express their anger and frustration towards President Nicolas Maduro, a man that has forced a sizable portion of the population to go to bed hungry and live without the necessary medications they need to stay alive.
“And according to the Economist, that’s not all, inflation is estimated to exceed 1,600% this year, a situation that will make it even more difficult for the average person to purchase food when it’s available.” CBN News, 12 April 2017 http://tinyurl.com/mxdl94a
“To say life is hard in Venezuela is an understatement. The socialist regime has continued to fail their people in every way imaginable. Thousands of natives are forced to stand in lines for necessities like food and medicine. In January the first infant death from starvation in Venezuela this year was reported. Citizens have had to take measures including the consumption of dogs, cats, and exotic animals in an extreme attempt to survive.” – Natural News, 14 February 2017 http://tinyurl.com/l3d4e4k
Most of South America is struggling economically, nutritionally, and spiritually. The empty promises of socialism remind us that socialism shall forever remain an unproven economic theory.
My Cuban friends endured a similar fate after the Soviet Union withdrew its support from that island bastion of socialism.
I invite your prayers of intercession for the desperate people of Venezuela. Their chief need is a nationwide spiritual revival. Between now and such time there comes a spiritual revival, ask the Lord to deliver the people from the ham-fisted tyranny of a socialist government led by a belligerent former bus driver.
SpaceX has accomplished some amazing feats. The solar power business has yet to become what I would call a successful technology. The jury is still out on the success of his Tesla car business. Investor Ron Baron expects to cash in on the success of the Tesla Model 3 electric car, but let’s not forget the obvious: the Tesla Model 3 does not exist. Anywhere.
What if Elon Musk were to have to compete in a legitimate open market, as do GM, Toyota and Nissan, carmakers that all have delivered successful hybrids and electric car technology. There are actual owners of vehicles made by these three automakers.
General Motors has its genesis in the Chevrolet brand that has a long and successful history of producing cost-effective vehicles, in fact, over 500,000,000 vehicles sold worldwide. I have driven a Chevrolet Volt. It’s a snappy, responsive high-performance vehicle – an overpriced car – but one with four wheels on the ground. Meanwhile, there are no Tesla Model 3’s anywhere in the universe.
Apart from one bankruptcy and a government bailout, General Motors will, in my opinion, outpace all automobile manufacturers in the production and delivery of electric vehicles.
GM learned through the Volt experience how to make cost-effective electric vehicles. GM will be delivering Chevrolet Bolt EV next year. It will be priced as low as $30,000 due to a federal tax credit (Yes, that’s a government subsidy.)
As it is with all present EV technology, the recharge time is HOURS, not minutes. Full recharge time for the Bolt EV is 9 hours. Compare ‘recharge’ time for a hybrid of five minutes at a convenient gas station.
Battery technology advances day by day. If you are content with a 200+ mile range of driving on one charge, and you are in no hurry to recharge the battery, electric vehicles are the thing for you.
Toyota has produced excellent hybrid vehicles and Chevrolet is right behind Toyota with the new Chevrolet Malibu Hybrid that came out this year (2016). Chevrolet learned hybrid technology through its Chevy Volt experiences. The range of the 2016 Malibu Hybrid is far superior and more practical than any electric vehicle. I drive more than 200 miles sometimes in an afternoon.
How successful has ObamaCare worked for America? In a March 2016 article published in MarketWatch.com, seven key points shout ‘failure’ of this socialist experiment, an economic ‘wrecking ball’ from which we will suffer the consequences for generations to come.
ObamaCare is a problem in search of a solution. The divergent campaigns run by the two Republican contenders offer two alternatives to ObamaCare.
Donald Trump’s vision is to cover everyone. Medicare for the entire nation? If we can’t fund medicare, how do we fund a dramatic increase in Medicare borrowing?
Ted Cruz has the simple and most practical solution: repeal ObamaCare entirely.
As you can see in the below federal budget pie chart, Medicare presently consumes 27% of the entire budget.
Social Security is the other budget ‘gorilla’ in the room at fully one-third of all federal government spending.Countries where socialism has failed
On the Democrat side of things, Hillary and Bernie want MORE federal government spending on social welfare. On the Republican side of things, Ted Cruz wants to shrink the size of federal government to restore our country to prosperity. Donald Trump? Where is he on the economic spectrum? Is he not on the left, over there with Bernie and Hillary?
Free market capitalism works 100% of the time. Socialism inevitably fails, because it will forever remain an unproven economic theory.
Countries where socialism has failed
Here on our soil, the Pilgrims tried it. They discovered if not for free market competition and personal responsibility they would all soon die of hunger.
Cuba is the ultimate failure. In 1959, Cuba was the fourth largest economy in the western hemisphere and the Cuban people enjoyed a higher standard of living than U.S. citizens. It is not a success of socialism that Cuba maintains its course; socialism continues due to a communist government that has total control of everything.
Venezuela is gasping for breath. ‘Bernie voters’ chose the mess they now have to live with. It’s not yet a communist country so there is an opportunity for reversal, but it will continue to be painful for all involved.
Argentina is a socialist experiment blended with crony capitalism.
Brazil, another glorious socialist paradise, is on the verge of collapse. Keep in mind the enormity of that beautiful nation and its wonderful people. We must not dismiss the importance of a sister nation larger than the continental United States where the greater São Paulo metroplex has a population (33 million) greater than the great state of Texas (28 million).
Countries where socialism has succeeded
(there are none, zero, zip
In the failure list, you notice Russia and China are conspicuously absent. This is because the two discovered the hard way the impossibility of socialism. One local business Rockwall-area owner has served to instruct Chinese entrepreneurs on the properties and simplicities of capitalism. He once said to me, “The Chinese do capitalism better than we Americans.”
For which Republican will I cast my vote? My choice is the man who reads and studies the U.S. Constitution, the man who pledges to restore America’s greatness by means of shrinking tyrannical federal government that chokes the life out of American businesses through a flood of bureaucratic regulations. There are two reasons for American business owners to invest in other countries:
There are two reasons for American business owners to invest in other countries: to escape onerous regulations and lower corporate taxes. By the way, Donald Trump is one of those very wealthy Americans who has offshore investments for the same reasons as Ford, General Motors, and others.
Let’s restore greatness to America by first of all honoring our Creator, second by returning to the economic system that made us the most prosperous nation in all history.
America is great because America is good, and if America ever ceases to be good, America will cease to be great. – Alexis de Tocqueville
Let’s restore the goodness. Greatness will follow.
Around the country, employees demanded a “living wage”. Wal-Mart responded by raising minimum wages to $9/hour; early next year to $10. Naturally, raising wages raises costs thereby cutting profits and incentives to investors. What to do next? Cut hours. Zero sum gain for employees.
Wal-Mart is the low-price leader in the world. While some may scoff at its low wages, the fact of Wal-Mart’s benefit to our lowest income families is unmistakable: Wal-Mart customers save over $2,000/year over what they would pay at Kroger or other up-scale grocer.
Economist Milton Friedman warned against the good intentions of mandatory minimum wage which will have the opposite effect.
Inevitably, Wal-Mart must raise prices to maintain investor expectations. As prices increase, market forces will drive down purchases by the company’s traditional customer which, in turn, will put pressure on the company to further reduce hours and demand more productivity from employees who will again demand higher wagers and so the inflation spiral gains momentum.
Time was when Sears, Montgomery Ward and JC Penney were on top. Today, two of these former giants gasp for breath while one has gone out of business. Time comes when Wal-Mart will follow suit.
Socialism fails every time it’s tried. Capitalism is not an economic theory, but the natural exchange of goods and services among a free people. Mandatory minimum wage artificially shapes the marketplace.
Socialism does not increase a society’s overall wealth; it shares the poverty.
Well, which is it? Man’s stewardship of the environment or collectivism in disguise? Can’t we have some plain talk? What is ‘it’? ‘It’ was once called “global cooling”, followed by “global warming” and now widely known as “climate change”. Well, which is it? Do you truly want to know?
Obviously, you can’t have it both ways, that is you can’t have it as “global cooling” and “global warming”. “Climate change” is such a neutral term. It’s like my favorite word: “interesting”. When angry or ignorant people approach me intending to engage me in a fruitless debate, I simply reply to their claims as “interesting”. What does “interesting” mean? Absolutely nothing. Nothing at all. What does “climate change” mean? Absolutely nothing. Nothing at all.
In the name of all three claims by so called environmentalists, global cooling, global warming & climate change, we see the disintegration of heavy industries, smaller automobiles, higher fuel prices, declining electrical power reliability and so on.
Finally. Finally the number one environmentalist comes forward to disclose the truth behind their movement: the destruction of capitalism.
At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.
Referring to a new international treaty environmentalists hope will be adopted at the Paris climate change conference later this year, she added: “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model for the first time in human history.”
The only economic model in the last 150 years that has ever worked at all is capitalism. The evidence is prima facie: From a feudal order that lasted a thousand years, produced zero growth and kept workdays long and lifespans short, the countries that have embraced free-market capitalism have enjoyed a system in which output has increased 70-fold, work days have been halved and lifespans doubled.”
What is capitalism?
Wordreference.com: “an economic system in which investment in and ownership of the means of production and distribution are privately or corporately owned“
Merriam-Webster.com: “a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government“
My definition: “capitalism is a system for the exchange of goods and services among a free people“
In all three of the above definitions, do you see the word “system”? Let’s compare socialism with capitalism: the latter is a ‘system’; the former a ‘theory’. Why is socialism a theory? It’s never been proven to work. But, free market forces have been the staple economic system since the founding of our wonderful country and we call those free market forces ‘capitalism’.
What’s your plan? Are you going to sit out the fight and assure enslavement of your children and grandchildren? Not I, my friends.
Collectivism is another word for fascism. Am I getting through to you? Quite simply, the difference between capitalism and collectivism is ownership of property. Living in a capitalist society, we the people own property as opposed to collectivism where the government owns all the property. Fascists manage a collectivist society. Ruling elite own it all – lock, stock and barrel. How well does collectivism work? Look no farther than 90 miles off the shores of Florida. Cuba has been a fascist, socialist, collectivist ‘laboratory’ since 1959. 55 years of misery. 55 years of poverty. 55 years of slavery.
Can’t happen here, you say. Yes it can, my friends. In fact, it’s happening right before your eyes.
The Affordable Care Act aka ObamaCare
Nationalization of the Internet
Destruction of our free-market economy
Ever enlarging federal government
Destruction of the family
What’s the cure? At this point in time, only the Living God, the God of Abraham, Isaac and Jacob can save us. Talk all we wish. Elect all the Republicans and Libertarians as we will, they can’t stop this slow march toward national dissolution.
Here and there pockets of spiritual revival, spiritual awakenings, are appearing. Are they enough? No. Only national repentance, believing in and confessing the Lord Jesus Christ can save us. Question is will we repent or continue down this path of self-destruction?
Former Fed Chairman Ben Bernanke can’t refinance his mortgage. So, what’s the headline story? It’s all about how difficult the economy is. There is a better, more important story. Ben Bernanke, at 61 years of age, is in debt up to his ears. Why isn’t his home paid for? Ask yourself the same question.
My wife and I set a goal years ago to be debt free in our later years. Here we are and, yes, we are. Debt free, that is. Well, debt free, if you discount property taxes. In America we don’t truly have home ownership, we just get to lease it from the state, county, city and various taxing districts.
I’m no financial wizard. But, I can foresee the future. We have an astronomical national debt approaching 18 TRILLION US dollars. As enormous as national debt is, it’s merely the tip of the proverbial iceberg. At the peak of the tip of the iceberg is student debt, at over 1 TRILLION dollars. What lies below the waterline is the more frightening story.
Below that waterline is federal unfunded liabilities that now exceed 127 TRILLION dollars. According to Forbes magazine, present per capita debt (that’s ‘per person’ for today’s college grads) sits at $1,100,000 EACH, roughly equivalent to the gross domestic product of the entire world in 2012.
Can we overcome inevitable economic collapse? In a word. No. But, we can lessen its impact through common sense measures.
My economics is very fundamental. I learned this from two famous American Presidents: John F. Kennedy and Ronald Reagan.
Full-blown socialism started with Social Security, enlarged with the addition of Medicare and has come into full bloom under the hand of Barack Obama and liberal Democrats who unconstitutionally passed the Affordable Care Act – aka#ObamaCare.
Personal to Chief Justice John Roberts: According to our Constitution, all tax bills must originate in the House. Taxation in ObamaCare started in the Senate. You, sir, should read and study the Constitution as your right and duty, just as Founding Father Benjamin Franklin said.
True unemployment is a national disgrace. Obama administration’s own numbers reveal the depth of this problem. According to the Dept. of Labor, “participation” in the workforce is a dreary 62.7%. Therefore, true unemployment is 37.3%, 12.4% higher than it was at the height of the Great Depression.
Federal and state income taxes strangle our economy. Presidents Kennedy and Reagan proved the way to increase federal revenue was by cutting taxes, not increasing tax rates.
What can and should be done? Eliminate unnecessary federal bureaucracies like the EPA, BLM, Labor and Education Departments, USDA, etc. States are better able to manage local resources and program.
We American taxpayers squander federal dollars to run parks like the Grand Canyon that economically benefits the state of Arizona. During the most recent sequester, the state of Arizona offered to fully fund the Grand Canyon. Is this not a clue.
Do you know the BLM controls about 85% of the entire state of Utah and approximately half of all lands in western states?
Cut the size of federal government. Cut all federal taxes. These two measures will dramatically contribute to a robust economy where there would be so many job openings we would be begging for immigrant labor, instead of having to fight it off.
Let’s start with removing ObamaCare insurance “standards”, because under this disastrous law those restored policies would not be compliant and therefore this “witches brew” would be in conflict with the Affordable Care Act – ObamaCare.
A Better Solution
I suggest we ignore the “wicked witches” and tell our lawmakers to eliminate the individual mandate. Doing so is tantamount to repealing ObamaCare.
Contact your Congressional Delegation and tell them to either repeal ObamaCare or eliminate the individual mandate.