The Last Capitalist

A site dedicated to restoring individualism in the United States of America

Archive for December, 2008

More Economic Thoughts From Sports Writers

Posted by jemartynowski on December 11, 2008

This one starts out all well and good: Paul Daugherty of the Cincinnati Enquirer begins his article about the disconnect of Major League Baseball from its fans talking about how you can’t really blame these guys for asking for the money they are currently seeking because they are a commodity and commodities are worth what someone will pay for them.  This is probably the smartest comment I’ve ever heard from a sports writer, except for when someone says something awesome about my home teams.  Mostly, he does a pretty good job of showing the problems baseball will run into.  Maybe they will start to lose revenue and be in a pinch.  Well, then they’ll learn a lesson.  There certainly won’t be any bail out money for them, will there?

The part he gets horribly wrong is comparing the situation to the big three and the taxpayer money promised to these companies.  He says that no, there is no government money for the baseball players but, “one way or another, ” what he gets will come from us. 

Right.  Except that we have a choice to go to a ballgame and spend the ridiculous amounts on a hot dog and beer.  Those are luxuries.  The money being promised is actually on our heads, our kids’ heads and our grandkids’ heads.  If we don’t pay for it when the IRS comes to our door, we’re going to jail.  If we don’t go watch our favorite baseball team play, the worst that can happen is that they can’t pay so much for players.  If the whole league did that, player salaries would go down. 

Weird, capitalism and stuff.  It’s funny how the emotion of sports gets in the way of logic.  I guess I’m just as guilty.  I still think the Browns can win the Super Bowl every year.  OK, maybe I’m not that crazy.


Posted in Capitalism in Sports | Tagged: , , , | 1 Comment »

Barack Obama Supporters: Are You Happy?

Posted by jemartynowski on December 11, 2008

Well, we’re negative 40-some days into the Obama administration and we’re already seeing some awesome stuff. The “change” we were all so excited about looks more like the “same stuff we’ve been seeing for decades in politics.” Good work on that.

So far, we’ve seen Obama bring all kinds of Clinton administration members back, keep an important Bush guy, and the governor of his home state has been arrested for, among other things, trying to “sell” Obama’s vacant senate seat. (By the way, why aren’t we talking about Obama’s role in this more? He allegedly offered too little for Blagokreyakfvich or whatever but he did offer something. Isn’t an offer of a bunch of board seats for his wife still illegal? Or are we so screwed with corruption that that is not even worth going after? I mean, he’s going to be the president. When Bush drops a deuce and doesn’t flush twice he gets a shit storm from the left.) All I’m saying is I hope you’re all happy. 

That’s not to say that things would have been much better with McCain.  I mean, he’d probably already have the gallows up for the big three chiefs and would be just as ready to start nationalizing things.  I guess it’s just funny that change didn’t mean anything, unless you keep hearing of the people who have stopped paying their mortgage because they’re sure Obama’s going to take care of it for them.  That’s nice of him. 

Of course we’re not going to have a guy come in and go all Hitler on us, but it is the more subtle things that suck about him and even the current administration.  We shouldn’t be rewarding companies for being awful.  Ford, the least crappy of the so-called big three, gets no money, the crappiest, GM, get’s most.  Yep, that sounds like exactly how I would figure the government would spend my money.

My message to Barack Obama and his administration when dealing with this would be the following:  Nobody is too big to fail!!!  Not a giant auto company, not a bank, not the United States government.  When you keep bailing out bad companies, you weaken the U.S. industries.  Remember that.  My previous post describes that, even with bullies like ACORN and the UAW pressuring you, you have to stand up and do what’s right. 

It might suck right now and jobs will be lost, but think of the innovation that will come from desperate people.  We will get more ideas, better methods, and, if the government keeps its meddling hands off, more independent wealth created.  Don’t think about tomorrow, think about ten years from now.

Posted in 2008 Presidential Election, Barack Obama, laissaz-faire capitalism | Tagged: , , , , | 1 Comment »

Olmsted Falls Asks for $100 Million Bailout; Slightly Less Stupid Than Auto Industry

Posted by jemartynowski on December 4, 2008

OK.  This is getting out of hand.  Right?  I mean, this guy asking for $100,000,000 from the federal government for his school system is taking it too far, isn’t he? 

Well, my answer would be yes and no.  Of course it’s completely stupid.  Yes, it’s possibly one of the biggest insults to capitalism in the history of our nation.  But it’s really no more ridiculous than the auto industry asking for a bailout.  As a matter of fact, at least the school is some kind of government-run institution, so there’s an excuse for sucking.  The auto industry brought this on themselves. 

Many people are trashing the unions right now for being money-hungry, blood-sucking, business-destroying, and other unnecessary hyphened words.  However, the businesses let these unions do these things.  They knew the results would look just like this, but they kept letting the unions get their way because they feared losing a little money to a strike.  Really, they needed to stand up to the bullies and not let them take their lunch money. 

What I’m trying to say is this:  these companies, along with banks who were bullied by groups like ACORN and the like, let this happen to them by not having a backbone and bending to pressures from mindless collectivist groups.  So they should be left to suffer their fate, just as I would for making bad decisions.  If I listened to that idiot Jim Kramer and made some really poor investment decisions because of it, the government wouldn’t give me money to make up for following dumb advice from a complete simpleton, would they?

Now, we’re all laughing at this probable publicity stunt from an already highly-taxed suburb that I happen to live right next to.  Whereas the idea that they deserve government money from people not in their district because of their own mismanagement is almost unthinkable, that doesn’t mean it’s any dumber than the other bailouts.  We all know that offering federal government money for private industries is a mockery of everything the United States of America stands for.  If I sound angry, it’s because I am.  We were supposed to be individualists that took responsibility for our successes and our failures, and were defined by what we did in life.  Now, we’re acting like we are being bullied into things we don’t want to do because of far left collectivists.  We, and by we I mean everyone from an individual to a large company, have to fight back against these jerks.  I hope we have the guts to do so.  I’m done writing.  I’m too mad.

Posted in Capitalism and Politics, laissaz-faire capitalism, Socialism and Democrats | Tagged: , , , , , , | Leave a Comment »

“We Should Just Raise Tariffs on Them…”

Posted by jemartynowski on December 2, 2008

Sound like an angry union worker or laborer in a manufacturing position you know?  I have heard this brilliant cure-all statement from two people close to me that clearly either don’t think about consequences of their actions (totally possible) or don’t care about those consequences and the crappy things that would happen to others as a result (also possible).  The common response if I say this?  “Who cares about those people in other countries?!  We need jobs here!”

These people couldn’t be more misinformed, misguided, misdirected, or mis- anything elsed.  It’s not people in other countries you would hurt.  It would be people here that would suffer.  There are a number of reasons your own country would be the ones paying for this but I’m not going to name them all.  Instead, I’ll link, once again, to the ever on-point Walter Williams.  Click here for his commentary summed up in a small article on the merits of free trade vs. protectionism. 

The most important consequence for people in our own country is increased price of goods.  If we raise the prices of things brought in here, the cost of living increases for citizens here.  Increasing the costs of living decrease the quality of life.  It’s simple logic.  You might say, “well, if we just do it on cars, people will just buy American cars.”  Sure, but that would happen regardless of tariffs if the cars were a better deal.  People are going to act in their best interest, and if they think that the Toyota they are going to buy is a better value than a GM car, why should you be allowed to hinder their choices?  Fascism is OK as long as you force people to buy your product? 

Look at the tariff option in practice.  In Japan, their tariffs force its citizens to buy Japanese rice or pay the tariff-loaded foreign rice.  Both prices are about the same, because the Japanese companies can charge more as long as they don’t pass up the foreign companies’ price.  they will always be cheaper.  All they’ve done there is increase the price of rice for the people of Japan.  Seeing as it is the main ingredient in much of what they eat, the average citizen could have saved a decent sum of money had the tariff not existed.  You have already harmed the quality of life of the average citizen.  Just imagine if we started doing that here in the United States. 

Imagine adding$20 or more every month to a family’s grocery bill.  Families may start to buy less quality goods or have to cut back somewhere else to make up for that.  Now do you feel the same about tariffs seeing as you harmed the average family?  Just so you could save a couple jobs at a company that probably doesn’t deserve to stay open on its own merits?  How could anyone be for this kind of thing?  Walter Williams, in his article, explains how the average consumer doesn’t have millions of dollars to lobby the politicians into looking out for their interests.  But companies do.  So they can create a push for these taxes without regard for how it would harm the average consumer.

So yes, guys, you go ahead and tax the crap out of those foreign companies.  The rest of America thanks you for making things more expensive.  You guys are great.  Jerks.

Posted in Capitalism and Politics, laissaz-faire capitalism, Socialism and Democrats | Tagged: , , , , , | 10 Comments »