Here is a stable economic system….
We have been following the unfolding disaster in Venezuela where the socialist dream of Hugo Chavez and his dim-witted successor Nicolas Maduro has reduced a major nation to virtual starvation. The central planning of Maduro’s nation has destroyed the oil-based economy and triggered inflation that is projected to reach one million percent within the year.
Source: Venezuela’s Inflation Rate Hit 80,000 Percent In 2018
We need a revolution to cast off monopolies and restore entrepreneurial freedom. First of two excerpts from “The Myth of Capitalism.”
— Read on www.bloomberg.com/opinion/articles/2018-11-25/the-myth-of-capitalism-exposed
Interesting article in today’s Washington Post about the minimum wage increase in Arkansas. Time will tell how this turns out and what effect increased wages will have on employment and profitability for businesses.
We have been previously discussing our ridiculous medical insurance system where citizens are hit with obscene charges — often by design to ensnare those unwilling or unable to challenge the charges. It can range from an $18,000 charge for a napping child to $15,000 for tiny screws to $89,329 for a $750 serum .
Source: California Professor Charged $48,329 for Allergy Tests By Stanford Health Care
How inept is the Los Angeles City Council when it comes to economics? Well, it cartelized L.A.’s commercial and apartment building trash pick-up, completely and deliberately destroying competition in the process. To the surprise of no one but city council, prices skyrocketed and service declined.
Source: Los Angeles Owes Billions in Pension Debts. Now It’s Asking Citizens for Permission to Run a Bank.
On Friday, one day after Russia and China pledged to reduce their reliance on the dollar by increasing the amount of bilateral trade conducted in rubles and yuan (a goal toward which much progress has already been made over the past three years), Russia’s Central Bank provided the latest update on Moscow’s alternative to US-dominated international payments network SWIFT.
Source: Foreign Banks Are Embracing Russia’s Alternative To SWIFT, Moscow Says
While I understand there may be a need to address the years of unfair control by the white population, taking land without compensation is not the answer. It leads to distrust in the government by all, indicates people have nothing without government permission, and will lead to economic instability. If the government feels there is truly a need for expropriation of land – they need to offer just compensation. This also demonstrates that when the black populations obtains land – they will know it is their land and will not be taken by the government at a later date.
The debate about land redistribution in South Africa has been a passionate one, as many South African cities face a housing crunch that has left hundreds of thousands of people living in informal settlements. Just as this debate is starting to reach a fever pitch, one South African city, Ekurhuleni, is about to embark on what mayor Mzwandile Masina calls “a test case” for the nation: the government is going to seize hundreds of acres of land, from white citizens without paying for it, to build low-cost housing.
Source: South Africa City To Begin Confiscating Land From Whites In National “Test Case”