The Crisis of Capitalism

Marxism is a farce, but this video is still pretty good in my opinion because it taps into the mega-trend which I believe in whereby wages stopped rising in the 70’s, money supply increased, credit replaced income, and life was kept affordable by getting cheap products made overseas which all lead up to the macro-imbalances of today. Of course, it isn’t that simple but those could be chapter titles.

In this video the call society to becoming ‘anti-capitalist’ is not backed up by anything of substance, the solution in capitalism for excessive control of capital already exists, its called ‘taxation’.

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Economic models explained

Today’s post is poking fun at various ‘isms’ and we thought it might provide some light humour given the usual serious tone of our articles, just to reiterate, this is for laughs, for those readers who have made accusations in the past that we have no sense of humour…. Your right! This is a copy/paste from an email forward!

How do you explain economic models when starting with nothing more than two cows? SOCIALISM You have 2 cows. You give one to your neighbour.

COMMUNISM You have 2 cows. The State takes both and gives you some milk.

FASCISM You have 2 cows. The State takes both and sells you some milk.

NAZISM You have 2 cows. The State takes both and shoots you.

BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away…

TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and …

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Ludwig von Mises, Economist, Libertarian.

What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big government until the day he died in 25 books, hundreds of articles, and more than 60 years of teaching.

Mises’s battles against Communists, Nazis, and other socialists, are featured in this film, as are his ideas of Liberty. There is also the old Vienna he loved, the Bolshevik prime minister he dissuaded from Communism, and a cast of villains from Lenin to Hitler, as well as such supporters and students as Murray Rothbard, Ron Paul, Bettina Greaves, M. Stanton Evans, Mary Peterson, Joseph Sobran, and Yuri Maltsev.

Among his many accomplishments, Mises showed that socialism had to fail, that central banking causes recessions and depressions, that the gold standard is honest money, and that only laissez-faire capitalism is fully compatible with Western civilization.

Mises …

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