Jun 26 2012

Capitalism Works, Even China Adopted It

Resist44 Author: Matt Vespa , June 24th,2012 12:46 pm

 
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Success through hard work is becoming an alien concept

With the rise of the Occupy Wall Street movement permeating the American political landscape like a virus, we see a visceral hatred of free markets and capitalism. We see signs that say "F your unpaid internship" and "Eat the Rich" displayed by people on the far left who seek to destroy out current form of government and implement a socialist progressive state. For some, these misguided individuals can hardly be blamed. The United States government did spend $700 billion dollars bailing out the banks to save them from their alleged reckless risk taking. At the end of the day, TARP remains one of the most unpopular pieces of legislation in American history. However, capitalism is not immoral. In fact, it's very amoral, but when used properly can be a mechanism to bring a state and its citizenry to a better state of living.

The occupiers should only look across the Atlantic, when they aren't updating Facebook or Twitter about the evils of corporations, and see the crumbling socialist model the European nations have adopted to see that they're peddling failed economics. It's wrong and it's immoral. It's immoral that socialists de-incentivize hard work, regard citizen money as the state's, and use it to pay for lavish programs that eventually leaves succeeding generations in a state of economic despair in the form of debt so astronomical that services previously provided are drastically cut or dissolved leaving millions destitute. Is that the end result of the progressive utopia? I fail to see equality of outcome as anything, but dismal. I mean wouldn't you go crazy of every ice cream shop just had one flavor. I feel occupiers don't see that the end result of their agenda, if you could call it one, would turn America into a monolithic, poorly tasting, and dull country high on "sameness."

What the free market has done for this country is to allow an entire generation of Americans, namely our parents' generation, to achieve a level of success that was beyond their education background. One of the special ingredients was hard work. My grandfather built a manufacturing company from scratch, which at its height, supplied windows as far south as Savannah and as far west as Chicago. It employed 400 people and allowed my family to reap the benefits of its success. Grandpa Vespa only had a sixth grade-level education. That's just one story.

Let's go to the far east, in my old neighborhood, to China. China was decimated by the communist policies of Mao Zedong. The Great Leap Forward was a calamity with millions starving due to a failed industrial initiative, namely steel production, that diverted resources from rural farmers. In the end, the Chinese ecnomy was on the brink of destruction by the time Mao died in 1976. It was only after Deng Xiaoping took power, that China's economy flourished with his market-oreinted reforms. As Michael Elliott of Time Magazine wrote:

The reforms that Deng blessed started in the countryside, where farmers were allowed to sell surplus produce and, in time, were allowed to farm their own land on long leases rather than as part of a commune. "Township and village enterprises" — small firms, many of which grew rapidly in size — sprang up. Prices were freed. As the success of reform became evident in the countryside, it was gradually extended to the cities. Deng endorsed the creation of Special Economic Zones, islands of capitalism in a communist society. (The most famous SEZ, Shenzhen, just north of Hong Kong, knows whom to thank for its prosperity; Deng's statue graces a square in the city.) So China started that long run of supercharged economic growth that has made it the workshop of the world.

Furthermore, The loosening of regulations on private business allowed them to flourish and outpace state-run enterprises. The Special Economic Zones, attracted foreign direct investment and culminated with China being the economic tiger it is today. In all, the middle class of China grew from 5-15 million to nearly 300 million during this period of economic restructuring. Yes, these are the horrible results of capitalism and free markets. Occupiers are either jealous, idiotic, or blissfully ignorant. I think it's a Frankenstein creature composed of all three. However, what is clear is that capitalism works.

 

Well said Matt

MM

 


Jun 24 2012

Green ‘drivel’ Exposed by The Godfather of Green

The godfather of global warming lowers the boom on climate change hysteria
By Lorrie Goldstein,Toronto Sun
 

Two months ago, James Lovelock, the godfather of global warming, gave a startling interview to msnbc.com in which he acknowledged he had been unduly “alarmist” about climate change.
 
The implications were extraordinary.
 
Lovelock is a world-renowned scientist and environmentalist whose Gaia theory — that the Earth operates as a single, living organism — has had a profound impact on the development of global warming theory.
 
Unlike many “environmentalists,” who have degrees in political science, Lovelock, until his recent retirement at age 92, was a much-honoured working scientist and academic.
 
His inventions have been used by NASA, among many other scientific organizations.
 
Lovelock’s invention of the electron capture detector in 1957 first enabled scientists to measure CFCs (chlorofluorocarbons) and other pollutants in the atmosphere, leading, in many ways, to the birth of the modern environmental movement.
 
Having observed that global temperatures since the turn of the millennium have not gone up in the way computer-based climate models predicted, Lovelock acknowledged, “the problem is we don’t know what the climate is doing. We thought we knew 20 years ago.” Now, Lovelock has given a follow-up interview to the UK’s Guardian newspaper in which he delivers more bombshells sure to anger the global green movement, which for years worshipped his Gaia theory and apocalyptic predictions that billions would die from man-made climate change by the end of this century.
 
Lovelock still believes anthropogenic global warming is occurring and that mankind must lower its greenhouse gas emissions, but says it’s now clear the doomsday predictions, including his own (and Al Gore’s) were incorrect.
 
He responds to attacks on his revised views by noting that, unlike many climate scientists who fear a loss of government funding if they admit error, as a freelance scientist, he’s never been afraid to revise his theories in the face of new evidence. Indeed, that’s how science advances.
 
Among his observations to the Guardian:
 
(1) A long-time supporter of nuclear power as a way to lower greenhouse gas emissions, which has made him unpopular with environmentalists, Lovelock has now come out in favour of natural gas fracking (which environmentalists also oppose), as a low-polluting alternative to coal.
 
As Lovelock observes, “Gas is almost a give-away in the U.S. at the moment. They’ve gone for fracking in a big way. This is what makes me very cross with the greens for trying to knock it … Let’s be pragmatic and sensible and get Britain to switch everything to methane. We should be going mad on it.” (Kandeh Yumkella, co-head of a major United Nations program on sustainable energy, made similar arguments last week at a UN environmental conference in Rio de Janeiro, advocating the development of conventional and unconventional natural gas resources as a way to reduce deforestation and save millions of lives in the Third World.)
 
(2) Lovelock blasted greens for treating global warming like a religion.
 
“It just so happens that the green religion is now taking over from the Christian religion,” Lovelock observed. “I don’t think people have noticed that, but it’s got all the sort of terms that religions use … The greens use guilt. That just shows how religious greens are. You can’t win people round by saying they are guilty for putting (carbon dioxide) in the air.”
 
(3) Lovelock mocks the idea modern economies can be powered by wind turbines.
 
As he puts it, “so-called ‘sustainable development’ … is meaningless drivel … We rushed into renewable energy without any thought. The schemes are largely hopelessly inefficient and unpleasant. I personally can’t stand windmills at any price.”
 
(4) Finally, about claims “the science is settled” on global warming: “One thing that being a scientist has taught me is that you can never be certain about anything. You never know the truth. You can only approach it and hope to get a bit nearer to it each time. You iterate towards the truth. You don’t know it.”

 

With that said, I think Al Gore should now talk a long walk off a short peir wearing lead boots, and take the rest of the nuts with him!

MM


Jun 21 2012

Rights vs Commodity

Another lesson from the incomparable Bill Whittle

Your missing out if your not following the brain-trust at PJTV.com

MM

 


Jun 09 2012

A List of Obama Firsts

 

President Barack Obama's Complete List of Historic Firsts

UPDATE: Click Here for the updated list

 
 

Yes, he's historic, alright.

• First President to Preside Over a Cut to the Credit Rating of the United States Government

• First President to Violate the War Powers Act

• First President to Orchestrate the Sale of Murder Weapons to Mexican Drug Cartels

• First President to issue an unlawful "recess-appointment" while the U.S. Senate remained in session (against the advice of his own Justice Department).

• First President to be Held in Contempt of Court for Illegally Obstructing Oil Drilling in the Gulf of Mexico

• First president to intentionally disable credit card security measures in order to allow over-the-limit donations, foreign contributions and other illegal fundraising measures.

• First President to Defy a Federal Judge's Court Order to Cease Implementing the 'Health Care Reform' Law

• First President to halt deportations of illegal aliens and grant them work permits, a form of stealth amnesty roughly equivalent to "The DREAM Act", which could not pass Congress

• First President to Sign a Law Requiring All Americans to Purchase a Product From a Third Party

• First President to Spend a Trillion Dollars on 'Shovel-Ready' Jobs — and Later Admit There Was No Such Thing as Shovel-Ready Jobs

• First President to sue states for requiring valid IDs to vote, even though the same administration requires valid IDs to travel by air

• First President to Abrogate Bankruptcy Law to Turn Over Control of Companies to His Union Supporters

• First President to sign into law a bill that permits the government to "hold anyone suspected of being associated with terrorism indefinitely, without any form of due process. No indictment. No judge or jury. No evidence. No trial. Just an indefinite jail sentence."

• First President to Bypass Congress and Implement the DREAM Act Through Executive Fiat

• First President to Threaten Insurance Companies After They Publicly Spoke out on How Obamacare Helped Cause their Rate Increases

• First President to Openly Defy a Congressional Order Not To Share Sensitive Nuclear Defense Secrets With the Russian Government

• First President to Threaten an Auto Company (Ford) After It Publicly Mocked Bailouts of GM and Chrysler

• First President to "Order a Secret Amnesty Program that Stopped the Deportations of Illegal Immigrants Across the U.S., Including Those With Criminal Convictions"

• First President to Demand a Company Hand Over $20 Billion to One of His Political Appointees

• First President to Terminate America's Ability to Put a Man into Space.

• First President to Encourage Racial Discrimination and Intimidation at Polling Places

• First President to Have a Law Signed By an 'Auto-pen' Without Being "Present"

• First President to send $200 million to a terrorist organization (Hamas) after Congress had explicitly frozen the money for fear it would fund attacks against civilians.

• First President to Arbitrarily Declare an Existing Law Unconstitutional and Refuse to Enforce It

• First President to Tell a Major Manufacturing Company In Which State They Are Allowed to Locate a Factory

• First President to refuse to comply with a House Oversight Committee subpoena.

• First President to File Lawsuits Against the States He Swore an Oath to Protect (AZ, WI, OH, IN, etc.)

• First President to Withdraw an Existing Coal Permit That Had Been Properly Issued Years Ago

• First President to Fire an Inspector General of Americorps for Catching One of His Friends in a Corruption Case

• First President to Propose an Executive Order Demanding Companies Disclose Their Political Contributions to Bid on Government Contracts

• First President to Preside Over America's Loss of Its Status as the World's Largest Economy (Source: Peterson Institute)

• First President to Have His Administration Fund an Organization Tied to the Cop-Killing Weather Underground

• First President to allow Mexican police to conduct law enforcement activities on American soil

• First president to propose budgets so unreasonable that not a single representative from either party would cast a vote in favor ("Senate unanimously rejected President Obama's budget last year in 0-97 vote", Politico, "House Votes 414-0 to Reject Obama’s Budget Plan", Blaze)

• First President to press for a "treaty giving a U.N. body veto power over the use of our territorial waters and rights to half of all offshore oil revenue" (The Law Of The Sea Treaty)

• First President to Golf 90 or More Times in His First Three Years in Office

But remember: he will not rest until all Americans have jobs, affordable homes, green-energy vehicles, and the environment is repaired, etc., etc., etc.

 

 

MM


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