Capitalism

Capitalism is the social system based on a philosophy of reason, individualism & freedom.

[Capitalism @CapitalismMag]

AN IMPORTANT MESSAGE FROM LEONARD PEIKOFF

"Please join me, Leonard Peikoff in support of a special woman who has become one of my dearest friends and allies, Holly Valliant."

Read the rest here...

https://t.co/Oh0YoGAzcy @JamesValli81018

[Capitalism @CapitalismMag]

@StateDept Free Cuba

https://t.co/LCPrFFnPSp

[Andrew Bernstein @andyswoop]

https://t.co/9K0LNAMWC9
Intersectionality and CRT are vicious frauds. They benefit neither black Americans nor anyone else. What benefits persecuted racial minorities is the individualism and individual rights of America at her best. This essay proves it.

[Capitalism @CapitalismMag]

THE DEATH OF RENEE GOOD: WHEN IDEOLOGY OVERIDES REASON

"Renee Good made a series of deliberate choices: align with an organization dedicated to obstructing federal operations, position her vehicle to block agents, refuse lawful commands, remain in control of a multi-ton vehicle, and move that vehicle toward an armed officer. Each choice escalated the danger. The outcome was not mysterious or unforeseeable. It was the logical consequence of treating law enforcement as theater rather than reality." — @ChipActual

🔗 in comments...

[Capitalism @CapitalismMag]

More here...

[The Iran Watcher @TheIranWatcher]

The Islamic Republic’s strategy for closing the Strait of Hormuz has been defeated and rendered useless - and a regime insider is now admitting it.

Ehsan Hosseini says the UAE has defeated the strategy by turning tanker attacks into an affordable cost of a highly profitable oil trade.

Hosseini is a former journalist for the regime-controlled Fars News Agency and now heads the energy outlet Khate Energy.

The regime’s old plan was simple: attack tankers, make insurance unaffordable, stop shipping and force the world to negotiate.

But the market adapted.

According to Hosseini, the UAE buys Persian Gulf oil at discounts of around $30 per barrel and transports it through the southern route near Oman in organized convoys. He claims the UAE has made roughly $70 billion from this system.

The margins are now so large that sinking one or two tankers does not stop the operation. The loss is absorbed as a cost of doing business while the remaining ships keep moving.

The UAE also has protected shipping networks, enormous financial reserves and a pipeline to Fujairah that allows substantial volumes to bypass Hormuz entirely.

The Islamic Republic has none of these advantages. Its own oil exports remain strangled, its alternative pipeline capacity is limited and its economy cannot absorb comparable losses.

To actually close Hormuz now, the regime would need sustained attacks on protected convoys, extensive mining and direct confrontation with the United States and Persian Gulf states.

That would invite devastating retaliation against its remaining launchers, ports and military infrastructure.

The Islamic Republic tried to hold global energy supplies hostage. Instead, it forced its neighbours to adapt, allowed the UAE to profit from the danger and left Iran trapped behind the chokepoint it tried to weaponize.

[Capitalism @CapitalismMag]

IS TRUMP ADMINS IRAN ISOLATION POLICY WORKING?

"Iran’s only real leverage was the threat that Gulf oil couldn’t reach the world. That threat has failed.

"...High prices were the cure for high prices.

"Isolation is working. Tehran can no longer hold the world’s oil hostage, and a deal now would hand it relief it hasn’t earned. Voters wanted affordability, and the pump is delivering it."

[James E. Thorne @DrJStrategy]

Trump Doesn’t Need an Iran Deal. The Market Already Made One.

Washington is debating whether President Trump needs a deal with Iran to bring energy prices down. The market has already answered.

Iran’s only real leverage was the threat that Gulf oil couldn’t reach the world. That threat has failed. Saudi Arabia pumped 10.56 million barrels a day in October, up from 6.3 million in April and close to its pre-war high. Riyadh is now fighting for market share, and history shows what follows. The last three times it did, oil fell 57, 60 and 67 percent.

The oil is getting through. Tanker rates west of Suez fell as much as 70 percent in a single week, and the key route from the Gulf of Oman to Asia has roughly halved since mid-October. West Texas crude has dropped from $102 to $87.

Private capital did the rest. When war-risk premiums hit 10 percent of a ship’s value, Chubb, Beazley and Lloyd’s syndicates moved in to write the business, and competition is pushing premiums back down. Washington’s $40 billion insurance backstop hasn’t written a single policy because it hasn’t needed to. High prices were the cure for high prices.

Isolation is working. Tehran can no longer hold the world’s oil hostage, and a deal now would hand it relief it hasn’t earned. Voters wanted affordability, and the pump is delivering it.

The real threat to that relief is the Federal Reserve hiking rates into an energy shock that is already over. The yield curve is yelling policy mistake!

[Capitalism @CapitalismMag]

@DrcharlieWardQ Respect police officers.

When you think they are wrong deal with them in court.

[Capitalism @CapitalismMag]

THE DEATH OF RENEE GOOD: WHEN IDEOLOGY OVERIDES REASON

"Renee Good made a series of deliberate choices: align with an organization dedicated to obstructing federal operations, position her vehicle to block agents, refuse lawful commands, remain in control of a multi-ton vehicle, and move that vehicle toward an armed officer. Each choice escalated the danger. The outcome was not mysterious or unforeseeable. It was the logical consequence of treating law enforcement as theater rather than reality." — @ChipActual

🔗 in comments...

[Objectivism Philosophy of Ayn Rand (OPAR) @OPARAynRand]

Ayn Rand stated it clearly:

“Love, friendship, respect, admiration are the emotional response of one man to the virtues of another, the spiritual payment given in exchange for the personal, selfish pleasure which one man derives from the virtues of another man’s character.”

[Capitalism @CapitalismMag]

@wanimani2380 @ev0123456789 Correct.

https://t.co/SAbNIrMjWY

[Capitalism @CapitalismMag]

@Kadotttt Sure...

[Capitalism @CapitalismMag]

WHY NAZI GERMANY WAS NOT A CAPITALIST BUT A SOCIALIST STATE

"The identification of Nazi Germany as a socialist state was one of the many great contributions of Ludwig von Mises."

"When one remembers that the word “Nazi” was an abbreviation for “der Nationalsozialistische Deutsche Arbeiters Partei — in English translation: the National Socialist German Workers’ Party — Mises’s identification might not appear all that noteworthy. For what should one expect the economic system of a country ruled by a party with “socialist” in its name to be but socialism?"

"Nevertheless, apart from Mises and his readers, practically no one thinks of Nazi Germany as a socialist state. It is far more common to believe that it represented a form of capitalism, which is what the Communists and all other Marxists have claimed."

"The basis of the claim that Nazi Germany was capitalist was the fact that most industries in Nazi Germany appeared to be left in private hands."

"What Mises identified was that private ownership of the means of production existed in NAME only under the Nazis and that the ACTUAL SUBSTANCE OF OWNERSHIP of the means of production resided in the German government. For it was the German government and not the NOMINAL private owners that exercised all of the substantive powers of ownership: it, not the nominal private owners, decided what was to be produced, in what quantity, by what methods, and to whom it was to be distributed, as well as what prices would be charged and what wages would be paid, and what dividends or other income the nominal private owners would be permitted to receive. The position of the alleged private owners, Mises showed, was reduced essentially to that of government pensioners."

"DE FACTO government ownership of the means of production, as Mises termed it, was logically implied by such fundamental COLLECTIVIST principles embraced by the Nazis as that the COMMON GOOD comes before the private good and the individual exists as a means to the ends of the State. If the individual is a MEANS to the ends of the State, so too, of course, is his property. Just as he is owned by the State, his property is also owned by the State."

'But what specifically established de facto socialism in Nazi Germany was the introduction of price and wage controls in 1936..." — @GGReisman

MORE in comments.

[La Borghese @Gilles_Borghese]

@Royalacresrod @WayneAllanH @FreeSpeech4Me_U @joe51du @WHPAAD @BubbasRanch @dafalgoutDennis @ladyspat1 @peblackstock @BJul1989 @groggigigi @JamesAbbott2013 @grok @jimdtweet @BenKoby1911 @BobPartridge16 @sjsimmons @970426Com @patfrank830 @marco_borrano @TypicalDeviant @Kenneth72712993 @MLeiter42 @MichaelCar11571 @adamlje @CCross1776 @ChrisBBacon3 @joPO19942906 @dee_ermakova @priscian @DaleGribble_666 @99thinkaboutit @jgatta06 @Frnc_prep @ammocrypta @Michael_D_Crow @Mark_A_Lunn @rln_nelson @Ernestops78 @phlannelphysics America's 1st pilgrims, escaping the theocratic feudalism of Europe (an earlier form of Communism) only had the Bible to guide them in the New World. Their guidance into Communism nearly caused them to starve to death centuries before Karl Marx was born. https://t.co/EgB5zRpDa6

[Capitalism @CapitalismMag]

Giving Real Meaning to Veterans Day

"We must be proud of our soldiers, but it is equally true that they should be proud of the cause they fight for. It is terrible to die in war, but there is one thing worse: to die in a war that has no meaning, a war that offers no reason for risking one’s life.

"The best way we can honor our veterans and give real meaning to Veterans Day–aside from ceremonies honoring their past and present dedication and bravery–is to promise that we will go to war only when America’s interests as a free nation are threatened, and wage it in the uncompromising pursuit of victory." - EDWIN LOCKE

https://t.co/491PJEgRQT
@CapitalismMag

[Capitalism @CapitalismMag]

POVERTY IN AFRICA

"Poverty is not a cause but a result of Africa’s problems. What African countries need the West cannot provide. They need personal liberty. That means a political system in which there are guarantees of private property rights, free markets, honest government and the rule of law. Africa’s poverty is, for the most part, self-inflicted. Some people might disagree because their college professors taught them that the legacy of colonialism explains Third World poverty. That’s nonsense. Canada was a colony. So were Australia, New Zealand and Hong Kong. In fact, the richest country in the world, the United States, was once a colony. By contrast, Third World countries such as Ethiopia, Liberia, Nepal and Bhutan were never colonies, yet they are home to some of the world’s poorest people." — WALTER WILLIAMS

https://t.co/9yzOWRxYzK

[The Atlantic @TheAtlantic]

Somalia is on the brink of famine—and for the first time in decades, America isn’t doing anything to help a country in that condition, Hana Kiros reports.
https://t.co/OfO93Xrsgo

[VOICE OF REASON @voicereason05]

@FischerKing64 The Mickey Spillane’s Hammer books are great American fiction.

https://t.co/8AFCsryzeR
@CapitalismMag

[Cheryl Brennan @CherylBrennan8]

https://t.co/IcjwE3wS8R

[VOICE OF REASON @voicereason05]

@JMUSPatriot India's medical system has more freedom & competition.

The US system has less freedom and regulations which reduce competition and innovation, and restrict supply pushing prices up.

The regulations increase cost, reduce competition, and decrease supply.

https://t.co/7oL5nKIoPI

[UN Watch @UNWatch]

STOP IRAN: Tomorrow the U.N. plans to put Iran on a body that addresses women’s rights. On April 8, Iran was nominated by a consensus that included UK, France, Germany, Canada, Australia, Netherlands, Finland, Norway, Spain and Austria. We urge them to reverse course—and vote NO.