Collectivism is the problem. That is the word you should be using, and everyone on all parts of the political spectrum must unite against it.
Stop arguing about who aligns with Hitler or Stalin or what communism or socialism or capitalism is.
Bunching people together into arbitrary groups according to their race/religion/sex/age or level of income is evil. It is a prerequisite to enforcing unjust ideologies on humans.
Coercing humans into acting "for the greater good" is the other side of the evil collectivist coin. Humans acting in their own interest is what built civilization as we know it.
Any coerced human action is not aligned with this process and is, de facto, anti-civilization and inherently evil, even if it sounds virtuous.
@BullTheoryio How does XAI get the computing power from Valor? It must have acquired the right to use it somehow. Thatโs where the credit risk sits. What agreement explains that relationship?
@BullTheoryio How does XAI get the computing power from Valor? It must have acquired the right to use it somehow. Thatโs where the credit risk sits. What agreement explains that relationship?
I've started a newsletter. Lets make the Austrian School great again! For individuals making free choices all around the world! https://t.co/SYURWLzMwQ
Keynesian stimulus doesn't magically create prosperity from thin air. It redistributes existing wealth from productive citizens to those with the best lobbyists and campaign contributions.
When Congress passes a trillion-dollar "infrastructure" bill, you don't see bulldozers materializing from the ether. The government pulls capital from entrepreneurs who would have built factories, funded startups, or expanded payrolls. Instead, that money flows to Halliburton, Bechtel, and whatever construction firm hired the right former senator as a "consultant." The politically connected get guaranteed profits while you get higher taxes and inflation.
The process works like a sophisticated laundering operation. Politicians promise jobs and growth while funneling taxpayer dollars to their cronies. Boeing gets defense contracts. Goldman Sachs underwrites the debt. Big Tech companies score "green energy" subsidies. Meanwhile, small business owners struggle with regulatory compliance costs and compete for the remaining scraps of capital.
Free market economists identified this wealth transfer mechanism decades ago. Keynesian mythology persists because it serves powerful interests. Politicians love spending other people's money. Corporations love guaranteed returns. Wall Street loves bond issuance fees. The only losers are productive citizens who fund the whole charade.
You can spot this corruption every time politicians claim stimulus will "create jobs." Jobs doing what? Building bridges to nowhere? Manufacturing solar panels that cost more than the energy they'll ever produce? Productive jobs emerge from genuine consumer demand, not political theater. Everything else just moves money from your pocket to theirs.
@MetamateDaz Why not just have the government print the money and pay for all that? Sure there will be inflation but itโs more fair that everyone partake in solving these problems and the corresponding burden? Why single out Bezos and Musk to carry the burden?
South Africa's corporate graveyard tells the story of what happens when governments choose racial engineering over economic freedom. Only two companies among the nation's most valuable enterprises launched after apartheid ended in 1994, and zero since Black Economic Empowerment became law in 2004.
BEE legislation created a maze of racial quotas, ownership mandates, and bureaucratic compliance costs that strangled new business formation. When you force companies to hire based on skin color rather than competence, and mandate ownership transfers based on race rather than merit, you destroy the price system that allocates resources efficiently.
Any free market economist could have predicted this outcome decades ago. Price controls distort markets whether you apply them to bread, labor, or corporate ownership. BEE represents the ultimate price control: government bureaucrats deciding who can own what percentage of which businesses based on racial categories invented by apartheid planners. The same racial classifications that oppressed black South Africans under apartheid now supposedly liberate them under democracy.
The timing reveals everything. South African entrepreneurship didn't die gradually or randomly. It died precisely when the state began micromanaging racial outcomes in boardrooms and hiring decisions. Established companies could absorb compliance costs and navigate the regulatory labyrinth. New ventures couldn't. Every startup now faces a choice: spend capital on lawyers and BEE consultants, or spend it on products and customers.
Politicians promised BEE would create a black capitalist class. Instead, they created a class of political rent-seekers who extract wealth from existing enterprises rather than building new ones.