The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.
@philbak1 Making the QQQ the number one policy determiner of central planners at the FED and fiscal policy for 20+ years while telling kids “ThIs Is CaPiTiLiSm” was a pretty obvious outcome.
@dailydirtnap The fact the entire market was fine even when the hottest area melted for a month. Then it all ripped north. Not bearish action at all. Teflon action.
@dailydirtnap I am fairly sure the educational system was destroyed for this exact transformation. Lots of feelings, no rational discussion. The perfect host.
It always makes me laugh when naive US leftists talk about European Nordic countries as the example of "democratic socialism."
They have more billionaires per capita than the US, and Sweden abolished wealth and inheritance taxes.
Aren't left narratives simply entertaining?
Most so‑called “environmental” policies are just interventionist excuses to expand the size of the State. They are undermining competitiveness, weakening security of supply, blocking market‑driven solutions and squeezing companies and families. Thus, they make #wildfires and natural catastrophes worse by imposing obstructing permits and bureaucracy.
@daviddunn177 I am no Elon musk fanboy. In my view the WORST read on him possible is he’s the best grifter in world history. That’s no small feat and can’t be done by a moron. He’s like the super hero version of a career politician in that case.
Socialism doesn’t create wealth.
It confiscates it, the political leaders steal it, and it destroys the incentives that generated prosperity in the first place.
Once growth dies and dissent rises, socialism falls back on repression and censorship to stay in power.
@StealthQE4 I don’t believe this at all. The best returning portfolios we look over are the clients who moronically yolo into whatever is the hot thing for like 3 years running. It’s awful for me but no way is retail doing poorly.