Category: Great Moments In Socialism

The Bad Argument Contest Winner Is….

Featured Comment nannystate 11 Comments

While John Ivison starts out with a sensible premise, that the Trudeau liberals are sending the Canadian economy off the rails, he can’t seem to resist sending his own op-ed off the rails by attempting to associate a discredited Keynesian nostrum with libertarian Argentinian President Javier Milei.

At the same time, Milei’s invocation of the animal spirits of wealth creation is all but absent from the collectivist capitalism pushed by Freeland and Justin Trudeau.

It gets even worse when Ivison blames the 2008 financial collapse not on inept monetary policy driven by a failing fiat currency system but rather on the leftist boogeyman of “deregulation”.

What about the crash of 2008, which was the product of too little regulation, rather than too much?

Mortgage Market Blowup?

Gradually Then Suddenly Great Reset It's Probably Nothing 16 Comments

I’ve been expecting an implosion in the mortgage market for some time given the rise in interest rates relative to the debt that has to be supported, but so far that isn’t happening. It seems our friend Ron Butler has become privy to information that indicates a black swan event may not be far off, however.

Thread reader here.

 

When You Piss Off People Who Work With Heavy Equipment

Great Reset War On Agriculture 19 Comments

Telegraph- Farming is in peril throughout Europe

Telegraph- French farmer vows to ‘starve Paris’

A tractor blockade established at eight points around Paris is intended to “starve Parisians”, a French farmer has claimed.

Benoit Durand, a grain farmer, told French broadcaster BFM TV: “We are holding a siege in Chartres, one hour away from Paris. It’s part of the blockade… the goal is to put pressure on the government.”

Ban All The Things!

Electronic Nicotine nannystate 19 Comments

Tom Slater;

At the Conservative Party conference last year, Sunak decided that making England ‘smoke-free’ would be his chapter in history. So he announced Britain’s biggest experiment in prohibition for generations: a phased-in ban on tobacco products that will mean today’s 15-year-olds will never legally be able to buy cigarettes.

Now Sunak is going after disposable vapes, too. This is despite the fact that vapes are at least 95 per cent safer than cigarettes and currently help between 50,000 and 70,000 people in England quit cigarettes each year, giving ex-smokers the pleasure of puffing without the considerable health risks. We can’t be having that, it seems.

The Blowout Economy

Gradually Then Suddenly Great Reset 16 Comments

Since GDP simply adds up all the borrowing and spending in an economy regardless of who did the borrowing and spending and for what purpose, it’s no shock that recent GDP numbers are higher than expected. Peter St. Onge notes that we are actually getting a whole lot less bang for every borrowed buck.

 

Universal Basic Insolvency

Alternative Subsidy Gradually Then Suddenly nannystate 28 Comments

If our experience with pandemic “emergency benefits” is any guide, when you pay people not to work, then lo and behold they are unlikely to…work. It will be no different if the magical non-concept of Universal Basic Income ever sees the light of day.

As for the notion that under UBI people will be free to become “care givers” to loved ones, I can foresee a whole lot of youngsters becoming “care givers” to their PlayStation instead.

The Parliamentary Budget Officer produced an analysis in 2021 that concluded that a national guaranteed basic income using parameters of Ontario’s 2017 pilot project could cut Canada’s poverty rate by half in just one year, but at a hefty cost of $91 billion in 2024–25 and $93 billion in 2025–26. That’s nearly double what Ottawa spends, for example, on health transfers to the provinces.

Blind Faith

Gradually Then Suddenly Great Moments In Socialism It's Probably Nothing 16 Comments

These days, South Africa is starting to look like a real-life enactment of the last few chapters of Atlas Shrugged.

Rampant cable theft has damaged South Africa’s railway signalling systems to the extent that train operators are effectively forced to operate “blindly”, necessitating frequent stops at railway transfer stations and manual phone-ins to avoid train collisions.

Pereira said a trip between Ermelo in Mpumalanga and Richards Bay in KwaZulu-Natal that typically lasted nine hours would now take over double that time.

That is because each stop can take about 20 minutes, provided the machinist has cellphone signal.

On the rare occasion that they are unable to communicate to the CTC due to no reception, the stop could add another two to three hours to the total trip time.

Great Reset, Interrupted

Cronies Great Reset New Right Media The Deplorables 29 Comments

WSJ Editor-in-Chief brings bad news;

Emma Tucker told a crowd at the World Economic Forum, “I think there’s a very specific challenge for the legacy brands, like the New York Times and like the Wall Street Journal.”

She continued, “If you go back really not that long ago, as I say, we owned the news. We were the gatekeepers, and we very much owned the facts as well.”

“If it said it in the Wall Street Journal, the New York Times, then that was a fact,” Tucker further stated, adding “Nowadays, people can go to all sorts of different sources for the news and they’re much more questioning about what we’re saying.”

Doomscrolling (Rumble): The Civil War in the WEF (1hr, 20min)

Update: @PierrePoilievre I will ban all my ministers from any involvement in the World Economic Forum.

Up From The Memory Hole

Great Moments In Socialism Historical Events 37 Comments

KONSTANTIN KISIN- The Truth About Vladimir Lenin a Century After His Death

Vladimir Lenin massacred more than 1 million people for political or religious reasons, murdered up to 700,000 in the genocide of the Cossacks, more than 15,000 peasants in the Tambov rebellion, over 3,000 sailors and civilians in the Kronstadt rebellion, thousands of workers who dared to strike or could not work, almost 2 million who died in the Gulag concentration camps and upwards of 8 million from famine and disease.

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