May 09
There has never been a famine in a capitalist country; famines and massive die-offs from starvation only occur in socialist countries. Here is a detailed Bloomberg News Service report about the economic collapse of socialist Venezuela. “Catastrophe is the new normal.” Amazingly, Venezuela has THE WORLD’S LARGEST OIL RESERVES. Yet the country is plagued by …
May 07
Every government program designed to help poor people get health care produces the opposite effect: Medicare, Medicaid, and Obamacare all subsidize artificial demand, causing prices to rise. If government withdrew its evil tentacles from health care, medical prices would quickly adjust downward and quality would quickly adjust upward. Markets always win. Now the New York …
May 03
Never before in world history has an industry fallen under so much regulation as the current U.S. Medical Industry, an industry gorged on government money. Yet medical mistakes are now the third leading cause of death in America. See here. Only heart disease and cancer claim more lives. Indeed, “medical errors” in hospitals and other …
May 01
The government’s 2016 projections for Obamacare enrollees were off by 24 million people. The public has balked at sky-high premiums and deductables, while insurers have lost BILLIONS. Now the insurance companies are saying they will need to spike premiums in 2017. For example, in Virginia, a state that reports early, nine insurers returning to the …
Apr 21
Trusters of government have been pouring on regulations since the 1990s. Here is a Washington Post story about the decline of American entrepreneurship. Fewer business are launching. More are leaving, liquidating or dying. The average age of businesses is getting older (as young people stop starting businesses due to onerous licensing requirements). Thus, the efforts …
Apr 21
Venezuela, a South American country with dynamic people and the world’s largest proven oil reserves, has suffered under the curse of socialism for two decades. After the Venezuelan government took a hard-line turn toward socialism in the 1990s, the government took over most industries. Now the government of the oil-rich nation can’t provide enough electricity …
Apr 18
More than 100 peer-reviewed studies have found that increasing (or establishing) a minimum wage law causes higher unemployment. Unemployment, in turn, is correlated with a number of measures of social ills, including increased suicide rates, rates of first admission to mental health facilities and rates of alcoholism. Now, just weeks after the State of California …
Apr 09
Socialism is a curse that should be wished on one’s enemies. All societies who embrace it will ultimately become sick and weak. Venezuela is an oil-rich country, but has been saddled with central planning and socialism for decades. Now the country is so short of electricity that its rulers are demanding that women stop using …
Apr 02
For years, trusters of government have promoted ‘green’ energy schemes by which the government subsidizes so-called alternative energy technology. The goal, supposedly, is to build up solar, wind and other alternative-energy industries, until they can compete with (and ultimately displace) fossil fuels. It never works. Solar and wind sources cannot stand on their own against …
Apr 01
Government sucks at almost everything. Its “goods and services” cost more and are of lower quality despite the fact that the government enjoys every possible advantage in the marketplace. Consider the U.S. Postal Service. It has been losing a billion dollars annually for years. Yet “it enjoys a range of government-conferred benefits. It has monopolies …
