The Last Capitalist

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Archive for the ‘Capitalism and Politics’ Category

Even Smart People Can Be Stupid

Posted by jemartynowski on August 5, 2009

Mark Dow, a hedge fund manager, was on video on Yahoo’s finance page here talking about how dumb people are who still believe in free market ideology.  Dow is a pretty intelligent person.  He understands  how markets work and he probably does a pretty good job of determining values of assets.  He most certainly knows a lot of facts about the market and the entire banking/housing problems the country has experienced.  Despite all of this, he’s pretty stupid. 

See, he believes that the free market is why everything failed.  The free market is why the housing market collapsed and why the banks were doing really stupid things.  He goes so far as to say people “don’t recognize the extent to which it failed.”  It makes me sick that someone so intelligent can have such a weak grasp on reality. 

Dow is basing his assumptions on the fact that banks became so crappy because government wasn’t forcing them to do certain things.  This logic is flawed.  The banks were doing and have been doing most of what they do because of political and legal pressure.  Plus, if there weren’t government-created organizations promising to buy bad loans, they would have never been made in the first place. 

I would argue that the opposite of what Mr. Dow says is true.  Had the government been hands-off, we would have never seen the housing market’s incredible, ill-advised run up.  That’s not even mentioning the fact that banks were sued and protested against for not giving loans to people buying houses in parts of the country which could best be described as sh*t.  If you had to make those decisions, would you loan money to someone buying a house in the crappiest neighborhood at a price you thought was way too high?  No, you wouldn’t.  Well, if you were a bank, you’d get sued.  Then, they’d protest your branches and call you racist.  This is followed by the federal government telling you to make those loans and they will guarantee them with Freddie and Fannie. 

Do you know what the result of that would be?  Me too!  Just what happened.  So please, Mr. Dow, don’t try to sell me some liberal spending agenda.  I understand that you want an excuse for the government to give money to people you think deserve it, but, as we’ve gone over many times on this site, that’s just not possible and it’s just not right.


Posted in Capitalism and Politics | Tagged: , , , | 9 Comments »

Honduras: When Democracy Becomes Tyranny

Posted by jemartynowski on August 3, 2009

I think we can learn a lesson right now from what is going on in Honduras.  Here, in the United States of America, we live by rule of law.  It is how we maintain, sort of, a capitalist society.  People must not be allowed to use force on anybody else.  The laws we have were created to prevent any one person or majority from doing as they pleased to the minority.  Created as it was, the republic was to stop tyranny by majority.  Even James Madison, father of the Constitution, said about democracy “there is nothing to check the inducement to sacrifice the weaker party or the obnoxious individual.”

With the current administration, the government is doing just that.  They believe, and have said so, that since they are the majority, they can do whatever they damn well please.  When questioned about Republican criticism of his plans, President Obama said, basically, we won so shut up. 

What really kills me is that there are many Americans on both sides of the aisle that say, “yep.  He’s right.”  No, he’s not.  He needs to follow the rule of law like anyone else.  He only has certain, enumerated powers according to the Constitution.  Too many of the opposition even thinks that since he won he can do what he pleases.  But that’s not what capitalists are all about. 

How does all of this relate to Honduras?  I’m glad you asked.  To recap, the president of Honduras was trying to change the rules so he could run the country for longer than he was supposed to be allowed.  The country’s constitution was being threatened by one man who was trying to take more power than it was supposed to have.  That sounds familiar. 

Then, the supreme court of Honduras issued a court order to have President Zelaya detained and removed from office, as they are constitutionally obliged to do.  The military carried out this order with no violence involved.  It was exactly as a civilized society should do.  But the socialist leaders of the world, including Hugo Chavez and Barack Obama, claimed that something was terribly wrong even though nothing, really, was. 

“Oh my goodness!  This man was elected by the people!  His will should be done no matter what!” they say.  Not true.  He, like our own president, has no right to expand his power unconstitutionally.  There is no reason a free nation should be backing away from the situation and even, as many have, support the ousted ruler.  In fact, we should be supporting the courts and the laws that helped create a free nation there. 

Obviously, there are some pitfalls that must be avoided.  If our executive branch was strong, yet compassionate to the free people of Honduras, it would support the non-violent move while issuing warnings that they would only be supported if they continued to do things the peaceful way, the interim president steps down as he says and new elections are held.  Everything can be done peacefully and correctly.  The socialist leaders of the world support Zelaya because many of them took their power by doing the exact same things.  They eliminated term limits.  They then give things away and let the majority rule and take what they want from the minority.

What lessons should we learn?  We should learn that massive expansion of powers to one branch of our government is a bad thing.  It is supported by bad people because that’s how bad people become tyrants.  We want to avoid mob rule disguised as social justice.  No, I don’t support a military coup or anything like that.  I just support the American citizens becoming wise and not being dumb enough to support those who want to take freedoms from us.  We are by no means at the same scary point as Honduras, but we want to stop ourselves before we get there.

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Obama Keeps Making My Point

Posted by jemartynowski on July 24, 2009

I’m back! I’ve been busy and out of town but I’ll be posting again on current events. There’s a ton of stuff, but I wanted to touch on one thing:

Barack Obama is a turd. We knew this already. But then he said this:

“Right now, doctors, a lot of times, are forced to make decisions based on the fee payment schedule that’s out there. So if … your child has a bad sore throat, or has repeated sore throats, the doctor may look at the reimbursement system and say to himself, “You know what? I make a lot more money if I take this kid’s tonsils out.”

Now, that may be the right thing to do. But I’d rather have that doctor making those decisions just based on whether you really need your kid’s tonsils out or whether it might make more sense just to change — maybe they have allergies. Maybe they have something else that would make a difference.”

Now, let’s try to ignore for a moment that he basically just smeared most ear, nose, and throat specialists out there.  Instead let’s focus on that fact that he is making crap up and getting away with it.  How many people right now are going, “Yeah!  Those a-hole doctors are screwing me and my kids!”  First, if doctors on a wide scale, or even a small scale, doing unnecessary procedures, there’s already a law against that.  They would be sued and taken down.  Second, if it was a question of cost, it would usually be cheaper to take the tonsils out than to have a lifetime of allergy treatments, dumbshit. 

OK, that’s enough of that.  The REAL problem here is that some idiot politician will be in the business of making medical decisions under a socialist healthcare plan.  Do you really want a d-bag who couldn’t do anything in the real world so he became a politician making decisions regarding your surgery?  I didn’t think so. 

Hopefully enough people are starting to see this moron and his cronies for exactly what they are:  socialist jerks with a need for power to accomplish their goals.  Eventually, they will control everything we do.  I feel bad for our kids.

Posted in Barack Obama Communism, Capitalism and Politics, Socialism and Democrats | Tagged: , , , , | 1 Comment »

Has This Ever Happened?

Posted by jemartynowski on June 15, 2009

Question:  has there ever been a period in history like this one?  I’m talking about the fact that many, if not most, of the people who are supposed to be experts on society and the political and economic systems of the time seem to have absolutely no concept of how these systems work.  As pointed out by Capitalism Magazine, it seems journalists who write opinions on world politics and economics are even confused.  How can it be, if you are formulating an opinion which you intend to share with thousands of others, that you can be so uneducated on the subject about which you are writing? 

My original question is an honest one.  If there is someone with a reply, feel free to share.  No, I’m not assuming everyone in every age knew truthfully what was going on around them.  However, those charged with teaching and philosophising historically seemed to have a pretty good idea.  I guess, if we want to consider religious leaders who used unethical BS to convince others to fall in line as such, that could qualify.  Just wondering.

Posted in Capitalism and Politics | Tagged: , , , | 1 Comment »

Some Good Stuff

Posted by jemartynowski on June 2, 2009

I had mentioned before about IMAO posting some awesome capitalist propaganda, but this one was so good that I’m still turned on.  I haven’t read the book The Adventures of Jonathan Gullible, but I certainly want to do so now.

A great example of a hired man in a hat (from the video) taking stuff from us is going on right now.  As of yesterday, we, the taxpayer, are 60% owners of General Motors.  Why are we buying this company?  Because they are crappy, miserable, and run like a bunch of drunken monkeys are in charge.  That’s no reason for charity.  By the way, that’s all this is.  It’s welfare, but on a much larger scale.  Rather than a person who screwed up a small business or can’t hold a job, it’s a gigantic company who, despite millions of dollars into R & D, couldn’t determine their ass from a hole in the ground. 

Don’t trash us capitalists for knocking charity, though.  Giving to those in need is fine if it is to someone or some organization that is actually trying to do better.  Just don’t force us to do it using personal guilt via the government.  This quote from Ayn Rand’s The Objectivist says it best:

The fact that a man has no claim on others (i.e., that it is not their moral duty to help him and that he cannot demand their help as his right) does not preclude or prohibit good will among men and does not make it immoral to offer or to accept voluntary, non-sacrificial assistance.

It is altruism that has corrupted and perverted human benevolence by regarding the giver as an object of immolation, and the receiver as a helplessly miserable object of pity who holds a mortgage on the lives of others—a doctrine which is extremely offensive to both parties, leaving men no choice but the roles of sacrificial victim or moral cannibal . . . .

Which brings us back to the video.  People force you to give up freedoms in the name of many good things.  That doesn’t make it right.

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“Progressives” in a Nutshell

Posted by jemartynowski on May 21, 2009

One of my favorite reads, IMAO, threw out this statement in a random thoughts post:

There is never going to be respect for the Muslim world when they’re the children we can’t upset and we’re the adults expected to know better. Why can’t Muslims in the Middle East ever be like, “Don’t worry, that’s just those silly Christians. They don’t know any better.”?

The reason I bring this up is that it completely encompasses the liberal thinking in our nation today.  When someone treats a black man like crap for doing something stupid, he’s racist.  Really, though, he’s just being treated like an individual who did something stupid.  It’s like someone is saying, “hey, they’re black.  They don’t know any better.”

It’s not just with black and white people.  It’s everything else.  “They’re treating Hillary like crap.  It must be because they hate powerful women.”  Or they just think she’s being an idiot.  Isn’t treating someone with kid gloves and patronizing them basically saying they are not worth as much as a white male?  It’s awful. 

Perhaps worse than an annoying liberal saying these things is when someone does it to their own kind.  Jesse Jackson leads the league in this.  He acts as if black people need hand-holding, free handouts, and a leader.  I would argue to Jesse that I, unlike him, think that black people are just as capable and just as smart as anyone else, so they shouldn’t get any special treatment.  Who’s the racist person here?

All I’m saying is that in a free, capitalist society, there is no room for racism.  It’s stupid and doesn’t make any sense.  Differentiating between people based on the color of their skin would harm you or your business.  If you passed up on the best workers because of something so trivial, you’d be out of business or have crappy relationships for the rest of your life.

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