Commenting on The Green New Deal would waste my time, except for the attention some influential people have given it. It would, if passed, lead to a life of misery that would make catastrophic climate change seem like a marvelous alternative. I receive letters from strange people and strange places. Most of them, If they … Continue reading Green New Deal – 2030
Month: February 2019
The Politics of Socialism
Even if you’re willing to ignore the economic costs, socialism brings a political cost most people — particularly in America — would find unacceptable. Socialism eventually leads to the loss of liberty and tyranny. In previous posts, I've explained the impracticality of socialism as an economic system. We cannot deliver full value to workers when … Continue reading The Politics of Socialism
Wage & Price Discovery
Socialists show reluctance to accept deferred payment or agree to absorb any losses. Even before they face those issues, how can they establish what portion of revenues they actually deserve? They cannot determine the price of the end product beforehand, and they cannot separate their real contribution to revenue. They have a real dilemma. Value … Continue reading Wage & Price Discovery
Socialism Would Pay Full Value
Socialists want full pay for their work. Would they delay that payment until completion of production? Would they agree to cover any losses after the sale of the product? I recently view a video in which a student, who proudly identified himself as a socialist, confronted the speaker with the question: Why don’t workers receive … Continue reading Socialism Would Pay Full Value