Category Archives: Blog
The Agony of Venezuela–from democracy to tyranny, hunger, sickness, and ruin–and a way back from the catastrophe
The misery and plight of the people of Venezuela in the second decade of the 21st century is virtually beyond belief and unimaginable for most residents of the United States.
The current President of the U.S. has imposed tariffs on imported steel and aluminum effective March 23, 2018 and proposes tariffs on products imported from China.
On May 7, 1915, 1,198 people perished in the sinking of the British ocean liner Lusitania, in a totally preventable act of war.
The subject of global warming has evoked differing opinions among scientists and citizens on the proposition that human activity is causing dangerous warming of planet earth. It is said by proponents of that proposition that the science is settled, and … More
In their acceptance speeches at the respective political party conventions in 2016, the problem of unfunded liabilities for social welfare programs, primarily Social Security and Medicare, was not mentioned by either of the candidates for the office of President of … More
This is follow up to the original post entitled The Voyage of Laura Dekker, posted here on September 2, 2014.
The Washington Post reported in 2014 that under U.S. and state laws, in a federal program known as “Equitable Sharing,” since 2001 state and local police have seized $2.5 billion from people who were not charged with a crime.
Reproduced below is a recent article from the New York Times about the Internal Revenue Service program of seizing bank accounts of people who are never charged with any illegal act—except making too many cash deposits of less than $10,000.
In August 2009, a thirteen year old girl, Laura Dekker, announced her plan for a two-year solo ocean sailing voyage around the globe to begin the following year. Solo sailing voyages around the world had been done before. However, it … More
America is a true world country, made up of people from every other country. America is unique in its rapid acceptance of immigrants who are readily assimilated into the population with no stigma or ill will attached to their foreign … More
“Pay Your Bills by Mail,” is a neatly printed bumper sticker on U. S. Postal Service (USPS) trucks, as of summer 2014. A sticker like that does not appear on USPS trucks at the whim of an individual mail carrier. … More
Many people believe that protecting the safety of the public is an indispensable service of the state that cannot be provided by free and private enterprise; and that the state protects safety in health care by licensing and regulating physicians, … More
The Los Angeles Times reported on August 1, 2014 that members of “militias” are patrolling the U.S. Mexico border on private lands at the request of the landowners. See “Militias patrolling Texas border draw scrutiny, concern,” by Molly Hennesy-Fiske, Los … More
On July 26, 2014 we published a new chapter of Capitalism: The Liberal Revolution (CTLR), entitled Credit and Reputation, http://www.capitalismtheliberalrevolution.com/chapter/credit-and-reputation/ On July 29, 2014 we noticed a column in the Los Angeles Times directly relevant to part of the CTLR … More
In a prior post we pointed to the Federal Reserve System (the Fed) as the engine of inflation and the source of repeated booms and busts. See “Inflation, booms and busts, their pathology and their cure,” at http://www.capitalismtheliberalrevolution.com/blog/inflation-booms-and-busts-their-pathology-and-their-cure/ In this … More
Never in history has a country that financed big budget deficits with large amounts of central-bank money avoided inflation. The Federal Reserve (the Fed) has been creating enormous amounts of money for years. The Fed is playing with fire, risking … More
National socialist political actions have been the ruination of Argentina. The Peronist political party is a parasite which has attached itself to the Argentine nation and continually eats away at the economic life of the people. Argentina, like Venezuela, is … More
David W. Harvey is a professor at The City University of New York. He is an avowed Marxist. The Wikipedia biography of Dr. Harvey states that in 1961 he was awarded a Ph. D. degree by Cambridge University. His field … More
The official motto of the police department of the City of Los Angeles is “To protect and serve.” The Mission Statement of the Santa Barbara County Sheriff states that “We, the members of your Sheriff’s Office . . . are … More
On May 17, 2014, Lufthansa, the flagship German airline, suspended ticket sales to Caracas, the capitol of Venezuela, joining ten other airlines that have taken similar actions due to Venezuela’s currency controls. As of April, international airlines had an equivalent … More
“Prediction is very difficult, especially about the future”—Niels Bohr The quotation from the great physicist Niels Bohr begins this post, as acknowledgment that the forward-looking statements below include both explicit and implicit predictions of rising inflation and a corresponding rise … More
We know very well a married couple who traveled in spring 2013 to vacation in Ireland and England. While on the first part of their trip, in Ireland, each of them contracted a bad case of influenza, part of the … More
In our blog post of March 22, 2013, entitled “Your Money and Your Life,” we said that the U.S. Congress, the Department of the Treasury, and the Federal Reserve are pursuing a policy of debasing the U.S. dollar. The continuous … More
Following the introductory comments in the first two paragraphs immediately below, there are quotations from “When North Korea roars, South Korea yawns,” by Jung-yoon Choi and Barbara Demick, Los Angeles Times, April 6, 2013. Sub-title: “Decades of living next door … More
In recent years there has been a plethora of negative articles about America. The tenor of these articles is that America is not what it once was; that America is on a downward trend in global influence and prosperity; that … More
In the book of which this blog is a part, Capitalism: The Liberal Revolution (CTLR), the discussion of freedom would be incomplete without a discussion of money, for which a full chapter would be appropriate. Such a chapter is planned.
John Mackey is the co-founder of Whole Foods Markets, which has grown from a single store in Austin, Texas in 1978 to a group of 343 stores in the United States, Canada, and the United Kingdom. The Harvard Business Review … More
In the just concluded presidential election campaign in the United States, the candidates and their party allies spent a combined $2 billion according to a report on Reuters on November 7, 2012. Journalist Bob Woodward has published a book entitled … More
Whether Americans have cause to give up on the historical American dream of an ever better future is the subject of the cover story by Jon Meacham in the June 21, 2012 issue of Time magazine.
People exposed to the ideas of this website—that everything in society should be on a voluntary, non-coercive basis–sometimes ask how, without the state and taxation, education would be provided to children of impecunious families.
August 2012 “Rotating outages” of electricity happen routinely in third world countries. Now parts of the U.S., including Southern California, are in danger of periodic loss of electricity for extended periods of time. Southern California Edison is notifying its customers … More
Federal election 2012 in America: both political parties are incompetent to solve the financial problems of the U.S.
A YouTube presentation [link below] shows that all the taxes the U.S. federal state will collect in the year 2012 are used up by mandatory entitlement programs (Medicare, Social Security, etc.) and interest on the national debt. So Congress has … More
Jay Snelson spent many years compiling material and marshaling his ideas for a book which has just been published: Taming the Violence of Faith: Win-Win Solutions for Our World in Crisis (2011). Although the copyright date is 2011, actual printing … More
We reproduce below a letter from Jeff Herman of Bell Canyon, California to the editors of The Wall Street Journal published online on August 1, 2012 and in the print version, Opinion section, on August 2, 2012. It is published … More
America is spacious and beautiful. It is the birthplace of the idea that people do not need a king to rule over them. America has enormous strengths of which often its own native-born residents are either unaware or which they … More
It is the time of the summer solstice, a daily reminder of the life-giving energy that comes to us from the sun at this time of year in the temperate latitudes when the sun is with us through most of … More
After delivering the V-50 lectures for fourteen years, in 1977-1978 Jay Snelson presented his last V-50 lectures. Thanks to the endeavors of Charles Holloway, those lectures were reproduced in DVD, MP-3 format in the year 2008 and published with the … More
On June 21, 2012 there has been added to the website, Capitalism: The Liberal Revolution, a new chapter entitled “Political Democracy in America.” The link to this new chapter is http://www.capitalismtheliberalrevolution.com/chapter/political-democracy-in-america/
Buffett Rule Tax Increase Would Not Put a Dent In U.S. Debt and Deficits A currently debated idea of the incumbent President of the United States of America is to impose a 30% income tax on all income of individuals … More