Election years are depressing experiences for friends of freedom. The campaign stump, invariably, brings out even more of the worst in mainstream politicians who make their living by making promises they cannot keep through spending other people’s money. The 2016 presidential election cycle has only magnified this pattern.
Tagged: Karl Marx
Downtown Chicago, where I spend most of my time, has beggars on nearly every corner. Many of them have regular perches, like fishermen with favorite spots. Others, more creative – and usually more crafty – seem to wander around instead. But except for the licensed sellers of Streetwise and a truly unfortunate few, most of them are hustlers.
Phyllis Schlafly in her Eagle Forum article of November 15, 2006, Public Schools Define American Culture, relates the significance of Sidney Simon’s 1972 book “Values Clarification.” Simon’s book sold nearly a million copies and was widely used to teach students to “clarify” their values, such as casting off their parents’ values and making their own choices based on situation ethics. This was followed by the public schools welcoming Kinsey-trained sexperts that espoused diversity to sex-in-marriage.
A new book by French economist Thomas Piketty on “Capital in the Twenty-First Century” has recently caused a major stir on the opinion pages of newspapers and magazines. Piketty has resurrected from the ash heap of history Karl Marx’s claim that capitalism inescapably leads to a worsening unequal distribution of wealth with dangerous consequences for human society.
In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
The president of the United States has publicly declared that he knows the minimum wage any worker in the United States should earn as an hourly salary: $10.10. Why not $11.11 or $9.99 has been left a mystery. But what the president is sure of is that businessmen clearly are stonehearted money grabbers exploiting some of their workers by not paying them the real value of what their labor is worth.
The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
Barack Obama is finishing his fifth year as president, and continues to try to move America further in the direction of increased government paternalism with the implementation of ObamaCare, a push for a higher minimum wage, more intrusive business regulation, a drive for higher taxes to redistribute wealth, and a persistent insistence that individuals must sacrifice their own interests for that of “society.”
TweetNo President in modern U. S. history has more self-consciously evoked the images of his predecessors than the incumbent, Barack Obama. When the first-term Senator in 2007 formally announced his[…]