Socialism for dummies

(Thomas Sowell, the Black Knight of Intellect, returns today in the form of a guest column. Give him a big hand!)

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SowellSocialism sounds great. It has always sounded great. And it probably will always continue to sound great. It is only when you go beyond rhetoric and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.

While throngs of young people are cheering loudly for avowed socialist Bernie Sanders, socialism has turned oil-rich Venezuela into a place where there are shortages of everything from toilet paper to beer, where electricity keeps shutting down, and there are long lines of people hoping to get food, people complaining that they cannot feed their families.

With national income going down, and prices going up under triple-digit inflation in Venezuela, these complaints are by no means frivolous.

But it is doubtful if the young people cheering for Bernie Sanders have even heard of such things, whether in Venezuela or other countries that have turned their economies over to politicians and bureaucrats to run.

The anti-capitalist policies in Venezuela have worked so well that the number of companies in Venezuela is now a fraction of what it once was. That should certainly reduce capitalist “exploitation,” shouldn’t it?

But people who attribute income equality to capitalists exploiting workers, as Karl Marx claimed, never seem to get around to testing that belief against facts — such as the fact that none of the Marxist regimes around the world has ever had as high a living standard for working people as there is in many capitalist countries.

Facts are seldom allowed to contaminate the beautiful vision of the left. What matters to the true believers are the ringing slogans, endlessly repeated.

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The great promise of socialism is something for nothing. It is one of the signs of today’s dumbed-down education that so many college students seem to think their education should — and will — be paid by raising taxes on “the rich.”

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When Senator Sanders cries, “The system is rigged!” no one asks, “Just what specifically does that mean?” or “What facts do you have to back that up?”

In 2015 the 400 richest people in the world had net losses of $19 billion. If they had rigged the system, surely they would have rigged it better than that.

But the very idea of subjecting their pet notions to the test of hard facts will probably not even occur to those who are cheering for socialism and other ideas of the political left.

How many of the people who are demanding an increase in the minimum wage have even bothered to check what actually happens when higher minimum wages are imposed?

More often they just assume what is assumed by like-minded peers — sometimes known as “everybody,” with their assumptions being “what everybody knows.”

Back in 1948 when inflation had rendered meaningless the minimum wage established a decade earlier, the unemployment rate among 16- to 17-year-old black males was under 10 percent.

But after the minimum wage was raised repeatedly to keep up with inflation, the unemployment rate for black males that age was never under 30 percent for more than 20 consecutive years, from 1971 to 1994.

In many of those years, the unemployment rate for black youngsters that age exceeded 40 percent and, for a couple of years, it exceeded 50 percent.

The damage is even greater than these statistics might suggest. Most low-wage jobs are entry-level jobs that young people move up out of, after acquiring work experience and a track record that makes them eligible for better jobs. But you can’t move up the ladder if you don’t get on the ladder.

The great promise of socialism is something for nothing. It is one of the signs of today’s dumbed-down education that so many college students seem to think their education should — and will — be paid by raising taxes on “the rich.”

Here again, just a little check of the facts would reveal that higher tax rates on upper-income earners do not automatically translate into more tax revenue for the government. Often high tax rates have led to less revenue than lower tax rates.

In a globalized economy, high tax rates may just lead investors to invest in other countries with lower tax rates. That means that jobs created by those investments will be overseas.

None of this is rocket science. But you do have to stop and think — and that is what too many of our schools and colleges are failing to teach their students to do.

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(BONUS 1: A brother Black Knight of Intellect, Armstrong Williams, also addresses this issue in a piece titled Bernie’s Utopian Nightmare.)

(BONUS 2: Nicolás Maduro, president of the collapsing socialist nation of Venezuela, endorses Bernie Sanders, calls nutty Ole Bern a “revolutionary friend.”)

(BONUS 3: Ole Bern hems and haws when asked about the imploding socialist mess in Venezuela.)

(The Hacienda couple will be out of touch for a few days due to a vacation jaunt to Colima. ¡Hasta luego!)

Sowell’s wisdom

Sowell

(Today, we hand The Moon over to a guest columnist, one of the world’s most intelligent men, Thomas Sowell. Since Sowell is black, if you take issue with anything that follows, you are a racist and not fit for civilized company.)

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Random thoughts on the passing scene:

One of the problems with being a pessimist is that you can never celebrate when you are proven right.

If what you want from politicians are quick and easy answers, someone is sure to supply them, regardless of which party you follow. History can tell you where quick and easy answers lead. But, if you don’t want to bother reading history, you can just wait and relive its catastrophes.

What is “economic power”? What can Bill Gates stop you from doing?

I don’t understand how people who cannot predict the weather five days in advance can predict the climate decades from now.

One of history’s painful ironies is how often people on the brink of disaster have been preoccupied with trivialities. With a nuclear Iran with intercontinental missiles looming on the horizon, our intelligentsia are preoccupied with calling achievements “privilege” and playing other word games.

Of life’s many surprises, encountering an old flame, years later, is in a class by itself.

Some people seem to think that Donald Trump has great abilities because he is a billionaire. But being born rich and getter richer is not exactly a Horatio Alger miracle.

Of all the disheartening signs of the utter ignorance of so many American college students, nothing so completely disheartened me as seeing on television a black college student who did not know what the Civil War was about. Fifty years ago, it would have been virtually impossible to find a black adult, with even an elementary school education, who did not know what the Civil War was about.

Global warming, due to greenhouse gasses, is the latest in a long series of one-factor theories about a multi-factor world. Such theories have often enjoyed great popularity, despite how often they have turned out to be wrong.

One of the most richly rewarded skills in politics is the ability to make self-interest sound like idealism. Nowhere is this tactic more successful than in so-called “campaign finance reform” laws — spending restrictions that prevent challenger candidates from buying enough publicity to offset the free publicity that incumbents get from the media.

At one time, it seemed as if the free world had defeated the world of totalitarian dictatorships twice — first the Nazis and then the Communists. But, with the slow but steady expansion of government control over our lives and the spread of the idea that people who deny “climate change” (are) criminals, it seems as if totalitarianism may be winning, after all.

People who want to redistribute wealth often misunderstand the nature and causes of wealth. Tangible wealth can be confiscated, but you cannot confiscate the knowledge which produced that wealth. Countries that confiscated the wealth of some groups and expelled them, destitute, have often seen the economy collapse, while the expelled people became prosperous again elsewhere.

Some people think that Ted Cruz would not have as good a chance against Hillary Clinton as would Donald Trump. They say that Cruz does not have a sparkling style of speaking. But, after months of hearing childish insults from Trump, the public may be ready for some serious adult talk by someone with substance, who can cut right through Hillary’s shallow evasions.

To me, beautiful music is whatever music makes you glad to be a human being, whether it is “Musetta’s Waltz” from “La Boheme” or “Muskrat Ramble” from New Orleans. Much of what passes for music today makes me wish that, if there is such a thing as reincarnation, I can come back as a dolphin.

Republican leaders seem to be worried that Donald Trump will get the nomination and lose the election. Those of us who are not Republicans should worry that Trump will get the nomination and win the election. After all, the fate of the country is a lot more important than the fate of a political party — and in far greater danger.

As this country continues to degenerate, we hope that it never reaches the desperate stage where only a military coup can rescue it from catastrophes created by feckless politicians. But, if that day ever arrives, we can only hope that the military will do their duty and step in. It is one of the few institutions dedicated to something besides individual self-interest.

Got Weepy’s number

I LOVE THIS guy. He repeatedly proves that all black voters are not brain-dead. Actually, quite a few are very sharp.

Among them are Allen West, Michael Steele, Clarence Thomas, Star Parker, Thomas Sowell, Walter E. Williams, Herman Cain, Ben Carson, Mia Love — well, the list is quite long.

Black dream team

politicos

I RECENTLY wrote a critical list of Barry Obama’s presidency. When it appeared on Facebook, not surprisingly, one of the reactions, the most overused and tiresome, from a Barry fan was that I am a racist.

Yawn.

It came, not surprisingly, from a member of the U.S. media (an adopted Texan who should know better*) and we know how fond most of those media people are of their faux-black president.

The individual in question did not come right out and call me a racist. He was a tad more subtle, saying that I obviously would not be happy till I saw a white president. In other words, it’s all about race, and criticism of Obama is always racism. There was some pointing at Bush, their fall-back defense. Dubya done it!

No doubt there are some people who don’t like Barry because they think the mulatto** is black. Most criticism of the failed presidency, however, is based on performance. Certainly, mine is. The melatonin content of the president is of no concern whatsoever.

To illustrate: Here is my black dream team for the White House.

President: Dr. Ben Carson.

Chief adviser: Thomas Sowell.

Vice President: Allan Keyes.

Secretary of Defense: Allen West.

Secretary of Commerce: Herman Cain.

Secretary of State: Condoleezza Rice.

Secretary of the Treasury: Tim Scott.

Secretary of Health and Human Services: Mia Love.

Secretary of Labor: J.C. Watts.

Environmental Protection: Angela McGlowan.

Department of Education: Joseph C. Phillips.

Housing and Urban Development: Lynn Swann.

Homeland Security: Crystal Wright.

I could go on, but you get the point. This issue is political belief, not skin tone. All of the above favor limited government, low taxes, a strong military, liberty, capitalism, individual responsibility, etc.

They would be a dream team, and black faces all. God bless ’em!

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* He will remain unnamed to avoid embarrassing him.

** An old-fashioned but correct term.

(Note: If Rick Perry had a much better tan, I would have put him into the vice presidential slot and moved Allan Keyes elsewhere. Keyes — a repeated presidential hopeful — is a little wacky, which is why I tagged him for VP. The smirking Biden has set a new, zany tone for that do-nothing post.)