God is a Capitalist

Monday, August 21, 2017

White supremacy is part of the left, not the right

The white supremacist organizers of the tragedy in Charlottesville, WV last week called their rally “Unite the Right.” That title reveals a deep ignorance of history and sorry reasoning skills. Racism has never been part of any definition of the right by any leader of the right in history.

There are two divisions within the right and left today – economic and social. Economically, the left is socialist and demands state control of the economy; the right favors free markets. The free market right opposed slavery in the 19th century, which caused the left, socialists who favored slavery, to give their discipline the name of the “dismal science.” See Wikipedia’s article on Thomas Carlyle.

Leaders of the left have often claimed that slavery was the natural consequence of capitalism, in spite of the historical evidence that all of the leaders of capitalism opposed slavery. Capitalists have always and at all times insisted that the only job of the state is to protect the life, liberty and property of every person equally. The left knows this but doesn’t want the public to know it. So they lie. Slavery was not a market failure or the logical result of capitalism. Slavery was the largest failure of government in the history of the West.

Sunday, August 13, 2017

Is God a Capitalist?

The title is similar to that of my book, God is a Capitalist, but this is a different book that I only recently discovered and it makes some really good points. 

Pastors in the US have abandoned their flocks to the mercy of atheist wolves according to Gregory B. Grinstead in his book Is God a Capitalist? God’s Perspective on Governments and Economic Systems. Grinstead writes with authority, to evangelicals at least, having pastored the Palmdale Christian Fellowship for over 25 years.

Grinstead is referring to the desertion of pastors on the subject of economics and government. I don’t have the author’s background as a pastor, but my own experience and reading suggest that pastors throughout history have tended to baptize the status quo. If tyrannical emperors were in power that was God’s will. Now that democratic socialism is in fashion, that’s God’s will. Christianity failed to develop a sound, Biblical theology of government and economics until the 16th century when Catholic scholars at the University of Salamanca devoted their work to the task. Their principles bore miraculous fruit for three centuries, but it has all been forgotten in the deluge of atheistic socialism that began a century ago.

Sunday, August 6, 2017

Zuckerberg – Embarrassed by riches

Mark Zuckerberg, the founder of Facebook, attracted a lot of attention with his commencement speech last May at Harvard, the school he dropped out of. He started off with some good advice to the graduates:
Now it’s our turn to do great things. I know, you’re probably thinking: I don’t know how to build a dam, or get a million people involved in anything.
But let me tell you a secret: no one does when they begin. Ideas don’t come out fully formed. They only become clear as you work on them. You just have to get started.
If I had to understand everything about connecting people before I began, I never would have started Facebook.
Movies and pop culture get this all wrong. The idea of a single eureka moment is a dangerous lie. It makes us feel inadequate since we haven’t had ours. It prevents people with seeds of good ideas from getting started. Oh, you know what else movies get wrong about innovation? No one writes math formulas on glass. That’s not a thing.
Then he wanders into fantasy land. But I want readers to understand that I’m not criticizing Zuckerberg alone because he is merely regurgitating all of the nonsense that he swallowed through public education, college and the media, all of which promote unvarnished Marxism. He said,
Let’s face it. There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can’t afford to pay off their loans, let alone start a business.
Look, I know a lot of entrepreneurs, and I don’t know a single person who gave up on starting a business because they might not make enough money. But I know lots of people who haven’t pursued dreams because they didn’t have a cushion to fall back on if they failed.
Even at his young age, Zuckerberg should know that there are thousands of angels investors and venture capitalists scouring the country looking for the next killer app like Facebook. No one who has an idea for anything will be short of interested listeners. What’s really lacking are 1) people willing to put in the hard work to refine their ideas and 2) good ideas. No one deserves to have someone else pay to implement their idea if it’s a lousy idea. So how do we know it’s a good idea? Someone else is willing to pay to make it a reality. Experienced angel investors and venture capitalists do the hard work of analyzing ideas and risking their wealth to see that good ideas bear fruit. 

Then Zuckerberg delivers the socialist pitch:
We all know we don’t succeed just by having a good idea or working hard. We succeed by being lucky too. If I had to support my family growing up instead of having time to code, if I didn’t know I’d be fine if Facebook didn’t work out, I wouldn’t be standing here today. If we’re honest, we all know how much luck we’ve had.
How can it be luck if he spent so much time coding? Luck is the spin of a roulette wheel. Success at it requires no skill, hard work, intelligence or good ideas. If luck, then a defensive lineman on the Harvard football team who never wrote a line of code would have as much chance at starting Facebook as Zuckerberg did. But he admits he did work a little on the project, and suffered criticisms, before he succeeded :
Ideas don’t come out fully formed. They only become clear as you work on them. You just have to get started. If I had to understand everything about connecting people before I began, I never would have started Facebook....
But be prepared to be misunderstood. Anyone working on a big vision will get called crazy, even if you end up right. Anyone working on a complex problem will get blamed for not fully understanding the challenge, even though it’s impossible to know everything upfront. Anyone taking initiative will get criticized for moving too fast, because there’s always someone who wants to slow you down.
The washing of his brain in socialist ideology through almost sixteen years of the US educational system programmed Zuckerberg to ignore reality and fixate on socialist fantasy. In spite of his insight and hard work, his entrepreneurial skills, he has been trained like Pavlov’s dog to express false humility and give credit to luck. Christians might ask why not claim it was an act of God? But that’s another essay. Socialists worship luck today. He continues:
Previous generations fought for the vote and civil rights. They had the New Deal and Great Society. Now it’s our time to define a new social contract for our generation.
We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to give everyone a cushion to try new things.”
And yes, giving everyone the freedom to pursue purpose isn’t free. People like me should pay for it.
Of course, he and his wife created the Chan Zuckerberg Initiative to give much of their wealth to help others and that is very admirable, but he has not done anything that most other wealthy people in the US have not done since the founding of the nation. The wealthy in the US have always been very generous to the poor. So why admire the socialist programs of the New Deal and Great Society? And why promote universal basic income? And why credit luck for his success? Because giving his money is not penance enough for his success. He will still be very rich and it embarrasses him.

Helmut Schoeck explains the psychology of wealthy people promoting socialism in his amazing book, Envy: A Theory of Social Behavior. Most people suffer incurable envy of those in their social class who succeed more than others. They resent successful people and want to see them crash and burn. Before he achieved his dream, Zuckerberg probably envied (resented) the success of others, so he knows what others are thinking of him. He seeks to deflect the resentment of others and he knows the ritual to accomplish it, having watched other wealthy people perform it often. He must put on his wool shirt and attribute his success to something other than his own work and abilities, such as luck. And he must declare the system to be unfair and call for greater “justice,” that is, wealth redistribution, by the state. These rituals performed on a regular basis pacify the resentful spirits of the media and academia.

If Zuckerberg were a Christian he would be able to handle his amazing success much more gracefully. He would find no virtue in recommending a satanic system that oppressed the people of the USSR, China, North Korea, Venezuela, Greece and many other socialist countries. He would be grateful to God, give a portion of his wealth to the poor and enjoy his wealth, knowing he deserves it.
As Solomon wrote, "A person can do nothing better than to eat and drink and find satisfaction in their own toil. This too, I see, is from the hand of God," Ecclesiastes 2:24.

Monday, July 31, 2017

Macronomics will not save France

Anatole Kaletsky wrote in “A ‘Macroneconomic’ Revolution?” that the new French President has figured out the golden mean of economic policy that will lead France out of the swamp of despair into which its economy has sunk for a decade.

Typical of socialists, Kaletsky blames Europe’s lost decade on too much capitalism, or as he says, market fundamentalism. In the great film Casablanca, the Police Chief tells his deputy to “round up the usual suspects” after a crime has been committed. There was no effort to investigate or search for evidence. He had a standard set of criminal types that he harassed on a regular basis in order to appear to be doing something. Socialists respond to every economic crisis by rounding up one usual suspect – capitalism.

The US had become increasingly socialist since the election of Wilson. A nation that takes 45% of GDP for all levels of government, has over three million pages of business regulations that grow at the rate of 100,000 pages per year, and most of its citizens get their income from the government cannot be considered a capitalist or market fundamentalist nation. Europe has been socialist much longer. See Hayek’s Counter-Revolution in Science and Bastiat’s essays for evidence from the 19th century France. Germany was completely socialist by 1918 and still indicted capitalism for its problems.

Tuesday, July 25, 2017

JP Morgan Chase CEO explodes over socialist policies

Jamie Dimon, CEO at JP Morgan Chase, exploded during a recent earnings call over Congress’ failure to jump start the US economy. He said,
It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid s--- we have to deal with in this country… And at one point we all have to get our act together or we won’t do what we’re supposed to for the average Americans.

Since the Great Recession, which is now 8 years old, we’ve been growing at 1.5 to 2 percent in spite of stupidity and political gridlock, because the American business sector is powerful and strong… What I’m saying is it would be much stronger growth had we made intelligent decisions and were there not gridlock. 
He added that the United States has become “one of the most bureaucratic, confusing, litigious societies on the planet,” and that “it’s hurting the average American that we don’t have these right policies.”

Sunday, July 16, 2017

Macron tries extortion on Merkel

French President Emmanuel Macron pressured German Chancellor Angela Merkel recently to bail out the failed southern conference of the Big EZ. According to a Dow Jones Newswires report,
The French leader said the eurozone has deepened disparities, loading indebted nations with yet more debt and making competitive countries even more competitive.
France's public debt stands at more than 96% of economic output, compared with 68.3% in Germany at the end of last year. Unemployment is above 9% in France but closer to 4% in Germany.
Mr. Macron is calling for a shared eurozone budget that could be used to for a variety of reasons, including helping currency members in economic distress, believing that would help address flaws revealed by the 2010 debt crisis.
For the eurozone to have a future, the French leader said, it must have "powerful solidarity mechanisms."
The French leader said Germany should assist with a stimulus of public and private investment in Europe and work with France to find "the right macroeconomic plan."

Monday, July 10, 2017

OECD wants every nation to be Greece

Greece's financial troubles have slipped from the headlines lately, but the financial apocalypse that began there with the Great Recession continues. Now the Organization for Economic Cooperation and Development has made it clear it wants the rest of the developed world to imitate Greece, as it stated in a recent report:
Fiscal redistribution through taxes and transfers plays a crucial role in containing the impact of market income inequality on disposable income… Policies aimed at promoting growth should consider how growth will have an impact on many other outcomes, and how to ensure that those policies avoid the “grow first, distribute later” assumption that has characterised the economic paradigm until recently. It is now clear that growth strategies need to consider from the outset the way in which their benefits will be distributed to different income groups. … Inequalities tear at the fabric of our societies. Inequality of incomes translates seamlessly into inequality of opportunities for children, including education, health and jobs, and lower future prospects to flourish individually and collectively. …inequalities are reaching a tipping point.
Strengthening inheritance and gift taxes can support inclusive growth. … Inheritance taxes can…help achieve intergenerational equity goals. …In order to be effective, inheritance taxes must also be combined with taxes on gifts and wealth transfers during the taxpayers’ lifetime, as well as with measures to address avoidance and evasion.
Sufficiently generous unemployment benefits and social-assistance systems with a wide coverage are also a key.