Category: free trade & free markets

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Accountability crime and punishment folly free trade & free markets general freedom ideological culture nannyism national politics & policies

Digs at the Gig Economy

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In Texas’s progressive enclave of Austin, the government has regulated Uber and Lyft out of the city.

Massachusset’s uber*-progressive Sen. Elizabeth Warren cautions that the “much-touted virtues”of the “gig economy” that these services represent are actually dark signs of the times, providing workers a false “step in a losing effort to build some economic security in a world where all the benefits are floating to the top 10 percent.”

Vermont’s Sen. Bernie Sanders, the independent candidate for the Democratic Party’s presidential nomination, is also no fan. Why? These services are not regulated.

Sanders’s charge that these person-to-person (P2P) ride-sharing services are “unregulated” is of course the opposite of the truth. They are self-regulated for safety and efficiency in ways that taxi services never were. How much extra value did governments add, with their regulations of the taxicab industry? They just reduced competition and made cabs more expensive.

P2P online cooperation is revolutionary. And “progressives” are stuck in the past, itching to suppress that revolution. “Initially,” writes Jared Meyer in the July issue of Reason, “hostility mostly came from state and municipal governments, at the behest of local special interests.” But as the services became more popular, opposition shifted. To the national Democrats like Sanders, Warren and . . . Hillary Clinton. She promises to “crack down on bosses who exploit employees by misclassifying them as contractors or even steal their wages.”

Par for the course: the Internet provides more opportunity than ever, and all some progressives see are the old socialist fears of “exploitation” and “greed” . . . while they greedily suck up to unions and special interests.

The bright side, Meyer argues, is that they are on the losing side.

This is Common Sense. I’m Paul Jacob.

 

*I guess the pun here is intended. Or not. You choose, P2P style.

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free trade & free markets general freedom too much government

Hysteria, Assassination, and Big Government

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The biggest political story of the month? Brexit.

The people of Great Britain will vote, this week, whether to remain in, or exit, the European Union. (Britain+exit=“Brexit,” you see.)

Establishment forces in Britain have engaged in hysterical, hyperbolic overkill, warning of grave disaster were Britain to leave the union. America’s President Barack Obama contributed to this, recently, when he warned that an independent Britain might find itself placed “at the back of the queue” in trade talks.

Tragically, things got more troubling last week when anti-Brexit, pro-union campaigner Jo Cox, a Member of Parliament and prominent Labour Party activist, was brutally slain last week in front of her local library. The man had just left a mental health facility, after requesting help.

At first, major media reported that the killer had shouted “Britain First,” an old patriotic motto as well as the name of a pro-Brexit political party, while shooting and stabbing her. Of the several eyewitnesses to have allegedly testified to this murderous shout, only one is sticking to the story . . . a member of the British Nationalist Party, which is antagonistic to Britain First. Other eyewitnesses deny the story.

Next, both sides promised to cease campaigning, out of good taste. Still, polls fluctuated, while remaining close.

Much of the furor has risen over immigration policy, especially fears about EU laxity towards Muslim refugees.

But the bedrock issue is Big Government. The EU is not effectively controlled by citizens; indeed, membership representation is mostly show, a mockery of republican government.

That is why, if I were British, I’d vote to Brexit.

This is Common Sense. I’m Paul Jacob.

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Accountability free trade & free markets ideological culture moral hazard national politics & policies

Puerto Rico’s Debt, Our Problem

“We have an important choice to make,” presidential candidate and Senator Bernie Sanders recently wrote to Congress. “[D]o we stand with the working people of Puerto Rico or do we stand with Wall Street and the Tea Party?”

The bill in question has been dubbed Paul Ryan’s “first big victory as Speaker,” but was written in tandem with the White House. The plan attempts to rescue Puerto Rico, a United States territory, from financial collapse with both bailouts and austerity — the latter including a lowered minimum wage.

I hadn’t heard any Tea Party squawk about this, so that reference must be just signaling on Bernie’s part.

Puerto Rico is $72 billion in the hole. Basically, Sanders wants to partially repudiate that debt: “The billionaire hedge fund managers on Wall Street cannot get a 100 percent return on their bonds while workers, senior citizens and children are punished.”

Of course our sympathies are almost entirely with the people of Puerto Rico. But it was their government that racked up the debt, and repudiating sovereign debt is a tricky and parlous thing.

What happens when the United States itself faces similar (or worse) straits? Would Bernie then, again, plan to stick it to the government’s creditors — even after he, himself, had voted to increase spending above revenues and periodically raise the debt ceiling — and think that this wouldn’t have consequences?

Meanwhile, the possible minimum wage reduction is one of the stickiest of the issues. Bernie sees it as “sticking it” to the poor.

In truth, it would help increase employment, thus help the poor get out of poverty.

This is Common Sense. I’m Paul Jacob.

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Puerto Rico, debt, loan, Bernie Sanders

 

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Accountability folly free trade & free markets general freedom ideological culture moral hazard nannyism national politics & policies property rights responsibility too much government

Fatherland, Socialism and Death!

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The fall of Venezuela is an atrocity.

The comic elements are clear enough — the further you remove yourself from the poverty, chaos, and collapse. We can wallow in a bit of Schadenfreude, taking glee as some American leftists squirm to explain why the socialist paradise they ballyhooed a mere three years ago now tail-spins to the grave.

The collapse of this socialist experiment offers an enormous level of tragedy. It’s not pretty.

The country’s leader, President Nicolas Maduro, makes his predictable desperation play. Rather than confront his own errors, and the futility of making socialism work in anything like a rigorous form, he boasts. “Venezuela Leader Says US ‘Dreams’ Of Dividing Loyal Military,” reads yesterday’s Reuters report. While no doubt true, this is one of those cases where whatever we dream to the north, our dreams are better than their current reality.

Of course the Venezuelan military should turn on Maduro, Hugo Chavez’s inheritor, protecting the right of recall, which Maduro is denying. By painting the U. S. as the bad guy, Maduro hopes to unite his people — especially his armed forces — around him. That’s what a desperate demagogic dynast does. Citizens and subjects traditionally abandon skepticism about their leaders when they feel threatened from the outside.

Which is one reason it would be a mistake for the U. S. to intervene.

Reuters poetically reports that the military is still united behind the socialist government, and resists the recall referendum, singing “Fatherland, Socialism, or Death!”

Wrong conjunction. Not “or” but “and” . . . if you insist on socialism.

The government, military pressure or no, should allow the recall vote, and soon.

This is Common Sense. I’m Paul Jacob.

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folly free trade & free markets general freedom ideological culture national politics & policies

Guilt and Association?

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A few days ago, the Barna Group released the results of its latest poll, asking “Americans whether capitalism or socialism align better with the teachings of Jesus,” explains The Hollywood Reporter. The results are that “socialism won 24 percent compared to 14 percent, with the rest answering ‘neither’ or ‘not sure.’”

And what about the year’s big race?

“When asked which presidential candidate’s policies aligned closest to the teachings of Jesus, Sanders was on top with 21 percent, compared to 9 percent for Hillary Clinton and 6 percent for Donald Trump.” Ted Cruz, no longer in the race, fared better than Hillary, but below Bernie, at 11 percent.

Now, it is worth mentioning that more significant polling on issues relating religion to politics has been done by Barna. Still, the commentary over at Fox on this poll was . . . interesting.

On Bill O’Reilly’s show, Monica Crowley made the crucial distinction between Jesus’ command to give to the poor and modern socialists’ demands to take from some, through taxation and by force, to give to others.

O’Reilly himself, however, went on a bizarre and joking riff about “buying his way to heaven” by leaving his wealth to charity . . . after he dies.

Looking over these poll numbers, I can only conclude that advocates of a free society have much work to do convincing Americans of the justice and benevolence of free markets, of “capitalism.”

And Christians have their work cut out for them, too . . . at the very least to disencumber themselves from the stench of socialist states and the brutal force those states inevitably rest upon.

This is Common Sense. I’m Paul Jacob.

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Accountability crime and punishment folly free trade & free markets ideological culture moral hazard nannyism national politics & policies

A Vapor’s Chance in Hell

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There is a big difference between government designed to protect our rights and a government tasked with protecting us from ourselves.

You couldn’t find a better example of this than the current Federal Drug Administration and its regulation of vaping.

Vaping is the imbibing of water vapor laced with nicotine and other ingredients. It is designed to replace the smoking of tobacco cigarettes. It is much, much less harmful than smoking. The genius of this innovation is that while it looks a lot like smoking, it involves no smoke. But it does involve inhaling, and blowing out wisps of . . . well, vapor.

It’s safer than smoking because smoking tobacco involves burning organic (and inorganic) matter, which puts tars and other chemical substances into one’s lungs.

But the competing companies that make the product are not allowed to tell us about its advantages.

New regulations of the e-cigarette industry from the FDA prohibit a lot of truth-telling in advertising. “Even if a few companies survive the shakeout caused by the FDA’s onerous regulations,” Jacob Sullum writes in Reason, “they will not be allowed to tell consumers the truth about their products.” It appears that “any intimation that noncombustible, tobacco-free e-cigarettes are safer than the conventional, tobacco-burning kind” places them under a category that simply must “be marketed only with prior approval.”

The legal judgments Sullum quotes will make you sicker . . . than your first cigarette puff.

Paternalistic government designed to save us from our vices ends up blocking us from actually lessening the bad effect of those vices.

Some help.

This is Common Sense. I’m Paul Jacob.

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Photo credit: micadew on Flickr