Fidel Castro Died Yesterday!

OrangeFlorian

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No one is going to be happy when the government puts a gun to their head to pay for public works that could be provided by the free markets
 

charlie

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Thats just an excuse for you not to understand economics
well maybe I don't understand economy, but I do understand people and that enough for me.

I have seen people's point of view from a hard core communist country lived there for while and seen the other side too.

so ya i guess you can judge better living n Canada
 

OrangeFlorian

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Mises Destroys Socialism, Again and Again
9 COMMENTS
TAGS StrategyMoney and BankingPolitical Theory

08/23/2016Jonathan Newman
GET THIS BOOK/DIGITAL TEXT

The Austrian 2 no. 4 (July-August 2016).pdf
The Austrian 2 no. 4 (July-August 2016).pdf
We need Mises now more than ever. The Federal Reserve is weighing which month to increase their target rate by a quarter of a percentage point, sending the media into a flurry whenever Janet Yellen so much as sneezes. As millions of US voters fall behind a self-avowed socialist, Venezuela’s socialist experiment is crashing and burning: Coca-Cola has shut down operations, toilet paper is a luxury item, power outages are regular, and violence and looting are on the rise. This is a prime opportunity to show others the prescience of Mises.

Only the strong Misesian arguments against central banking and socialism can explode (as Mises himself would say) the claims of their contemporary defenders. Mises’s arguments are the strongest because of his unyielding dedication to constructing and maintaining an economic methodology that produces unassailable conclusions. His business cycle theory carries the same certainty as the laws of diminishing marginal utility, comparative advantage, time preference, and other rock-solid economic principles, as an outgrowth of the same line of logical thinking. His critique of socialism is unparalleled among other critiques in its inescapable consequences for socialism in both theory and practice.

Weaker arguments do not rely on the absolutely certain conclusions of economics and are easily parried by opponents. Saying the Federal Reserve needs to be reformed because the policymakers are not representative of the demographics of the US population would fit into this category. Another is the claim that socialism doesn’t work because people don’t have an incentive to work hard or because the government just doesn’t have enough computing power to calculate the optimal prices of goods. These kinds of weak arguments become cannon fodder and straw men for detractors of unhampered markets and private property.

The Problem with Central Banking
Mises made the strongest case against central banking. He showed that the business cycle is not an inherent part of an unhampered market economy, but the result of artificial credit expansion. Whenever the money issuing authority inflates through credit markets, it pushes interest rates down to artificially low levels and sets in motion investment in lines of production that only appear to be profitable. The new money and low interest rates also fuel increased consumption spending.

Thus the boom is marked by malinvestment and overconsumption — not based on a voluntary expression of real time preferences, but the whims of the central bank officials. The plans of the entrepreneurs cannot be completed due to the prices of the factors of production becoming prohibitively high from the increasing scarcity of capital goods and because much of the remaining capital is employed in the wrong ways. The bust comes when these errors can no longer be sustained by new money flowing in through credit markets. The malinvested capital is liquidated and laborers too must find new employment in profitable lines of production.

This is a rhetorically strong explanation for business cycles, and there are many examples of economists and historians applying Mises’s theory to specific episodes like the Great Depression and the most recent housing boom and bust.

The Real Reason Why Socialism Doesn’t Work
Mises also made the strongest case against socialism. With private ownership of the means of production, entrepreneurs hire laborers and purchase capital and natural resources based on their contribution to the productive process as measured by consumers’ willingness to pay for the final output. Anticipated revenues from the sale of output guide production and investment decisions. Any deviation from the consumers’ wishes results in lower profits or even losses.

Under socialism, in which the private ownership of the means of production is abolished, there can be no meaningful prices of the inputs to production processes. Production decisions are merely “groping in the dark,” as Mises put it in Economic Calculation in the Socialist Commonwealth. Mises showed that there is no forward-looking way to compare anticipated revenues to the costs of production and there is no way to retrospectively measure the success of any production process. Economic calculation, essential to any growing and flourishing market economy, is impossible.

Socialism, then, must result in the participants’ wants and needs going unsatisfied. This is another rhetorically strong argument, and it is especially fortified by the observed tragic failure of every socialist “experiment” (if you can call the deaths of millions of people something so mundane).

Real-World Human Action Is at the Core
Mises didn’t just haphazardly stumble upon these brilliant insights. They were the product of careful logical deduction and rigorous self-scrutiny along the lines of his own contributions in the epistemology of economic science.

The logic of human action starts with means and ends and proceeds through exchange, prices, production, money, credit, and the necessary consequences of interventions in these areas. Mises showed that economics does not produce generalities or vague guidelines that may be overcome if only governments are smart and powerful enough. The science of economics reveals laws that cannot be broken. Our persuasive efforts are dramatically improved if we can convey these arguments from Mises and build on his strong foundation.
 

OrangeFlorian

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well maybe I don't understand economy, but I do understand people and that enough for me.

I have seen people's point of view from a hard core communist country lived there for while and seen the other side too.

so ya i guess you can judge better living n Canada

Thats like saying I can't judge pakistan until I live there srsly
 

charlie

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Thats like saying I can't judge pakistan until I live there srsly
yes people who live there would always have better understanding of their problem then people who don't

Unfortunately Pakistan is not from this world.
 

OrangeFlorian

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Unfortunately Pakistan is not from this world.
Nope thats just an excuse. I don't need to use empirical evidence to show that people who live in socialist countries are less happier than ones that live in capitalist countries. If your incomes is stripped away by taxes and tariffs you are not going to have enough money to use on things beside food which would be hard to find anyway because of the rationing then your not going to be very happy. If the government puts a gun to your head and tell you that you have to pay your employees an exceedingly high minimum wage that would leave you with little money to use for yourself as communist countries do your not going to be very happy. If you have a problem with your governments policies and want to discuss it and get hauled off to the gulag your not going to be very happy. Theres a reason why a 12th of the Cuban population doesnt even live there and those are the ones that actually manege to make it to the mainland.

Government force and intervention doesn't cause happiness and if it does it only ensures happiness for some and misery for others.
 
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OrangeFlorian

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I suppose Democratic Kampuchea was also very happy even though I haven't been there. Even though a quarter of the population died and is the reason theres a large lack of people over 60 in Cambodia based on statistics.
 
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charlie

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Nope thats just an excuse. I don't need to use empirical evidence to show that people who live in socialist countries are less happier than ones that live in capitalist countries. If your incomes is stripped away by taxes and tariffs you are not going to have enough money to use on things beside food which would be hard to find anyway because of the rationing then your not going to be very happy. If the government puts a gun to your head and tell you that you have to pay your employees an exceedingly high minimum wage that would leave you with little money to use for yourself as communist countries do your not going to be very happy. If you have a problem with your governments policies and want to discuss it and get hauled off to the gulag your not going to be very happy. Theres a reason why a 12th of the Cuban population doesnt even live there and those are the ones that actually manege to make it to the mainland.

Government force and intervention doesn't cause happiness and if it does it only ensures happiness for some and misery for others.
well your thinking is more childish that's what I feel, maybe your when you reach your 30's your thinking might change.

If you ever get a chance visit Bhutan. see how people view at things from their point of view.
 

OrangeFlorian

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Ignored. If you think that I'm going to stop believing in the government fucking people over and the police state when I become 30 and justifying it using "good intentions" as a prerogative and just because "everybody else thinks its a good idea" and empiricism instead of basic intuition and praxeology you've got another thing coming.

The whole "growing up" argument is only only useful when you have nothing else left

Tell that to Ron Paul, Rand Paul, Hans Hermann Hoppe, Murray Rothbard, Albert Jay Nock, Andrew Napolitano, Stefan Molyneux and Adam Kokesh

 
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Bornubus

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You sir need to read more mises institute articles



Economic Freedom Snapshot


  • 2016 Economic Freedom Score: 29.8 (up 0.2 point)
  • Economic Freedom Status: Repressed
  • Global Ranking: 177th
  • Regional Ranking: 29th in the South and Central America/Caribbean Region
  • Notable Successes: None
  • Concerns: Rule of Law, Labor Freedom, and Financial Freedom
  • Overall Score Change Since 2012: +1.5


Much-touted “free-market reforms” have largely involved only cosmetic changes. The rule of law remains subject to political influence and the overriding interests of the Communist Party. The judiciary’s autonomy is severely impeded by the centralization of power in the one-party state.

BACKGROUND
Fidel Castro’s 84-year-old brother Raúl leads both the government and the Cuban Communist Party. Violent repression of civil society and dissidents has increased dramatically in the past year. Restrictions on foreign travel have been eased, but certain Cubans are still barred from leaving. Cuba depends on external assistance such as remittances from Cuban émigrés and oil subsidies provided by Venezuela for the foreign exchange it needs to survive. With world oil prices dropping and instability in Venezuela increasing, Cuba is hoping for new revenue from liberalized U.S. rules governing American travel to the island. Workers’ wages are not enough to live on, the agriculture sector is starved for investment, and tourism revenue is volatile.

VIEW METHODOLOGY[/paste:font]
Property Rights10.0Create a Graph using this measurement

Freedom From Corruption46.0Create a Graph using this measurement

Corruption remains a serious problem, with widespread illegality permeating the limited private enterprises and the vast state-controlled economy. Freedom of movement is restricted. Only state enterprises may enter into economic agreements with foreigners as minority partners; ordinary citizens cannot participate. Most means of production are owned by the state. The Council of State completely controls the courts and the judiciary.

VIEW METHODOLOGY[/paste:font]
Government Spending0.0Create a Graph using this measurement

Fiscal Freedom52.1Create a Graph using this measurement

Cuba’s top income tax rate is 50 percent. The top corporate tax rate is 30 percent (35 percent for companies with entirely foreign capital). Other taxes include a tax on property transfers and a sales tax. Taxation is not administered effectively. Overall tax revenue is estimated to equal about 37.3 percent of GDP. Inefficient public-sector spending remains high at over 60 percent of total domestic output.

VIEW METHODOLOGY[/paste:font]
Business Freedom20.0Create a Graph using this measurement

Labor Freedom20.0Create a Graph using this measurement

Monetary Freedom65.2Create a Graph using this measurement

Regulatory efficiency remains poor, and private entrepreneurship is limited. The application of regulations is inconsistent and non-transparent. State control of the labor market has spurred creation of a large informal sector. The government still administers most prices and will face inflationary pressures as it proceeds with a plan to eliminate its dual currency system that has long been a source of economic distortions.

VIEW METHODOLOGY[/paste:font]
Trade Freedom64.6Create a Graph using this measurement

Investment Freedom10.0Create a Graph using this measurement

Financial Freedom10.0Create a Graph using this measurement

Cuba’s average tariff rate is 7.7 percent. The country’s centrally planned economy is a significant barrier to the free flow of international trade and investment. The financial sector remains heavily regulated and controlled by the state. Access to credit for entrepreneurial activity is uneven and further impeded by the shallowness of the financial market. The state maintains strict capital and exchange controls.

So how many Cubans Shitting Road sides and on Railway tracks and how much ℅ of their Children suffer from Malnutrition and lives below poverty line ?


Ever heard about Cuban health facilities provided by state ?
 

OrangeFlorian

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So how many Cubans Shitting Road sides and on Railway tracks and how much ℅ of their Children suffer from Malnutrition and lives below poverty line ?


Ever heard about Cuban health facilities provided by state ?
Do you even know where the government takes that money for healthcare from and how? As well as how countries with government healthcare place more regulation on the healthcare industry that makes it harder for more people to get jobs in that industry which prevents citizens from accessing healthcare that is low cost and agreeable to both the doctors and the patients as well as the taxpayers who have to pay for other peoples government healthcare. You are not entitled to other peoples services for free since it takes years for doctors to earn there licenses and you can't force people to pay for stuff that you want at gun point without their consent which is what the Cuban government is doing with socialised healthcare.

 
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OrangeFlorian

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Oh and fyi Bhutan is not socialist country with as high levels of government regulation and expansion its getting on the right path to modernization. If it was a full on socialist country they wouldn't be happy in the least because their property rights would be infringed upon regularly by the state.

http://www.heritage.org/index/country/bhutan






RULE OF LAW
Property Rights60.0

Freedom From Corruption65.0

LIMITED GOVERNMENT
Government Spending67.5

Fiscal Freedom83.1

REGULATORY EFFICIENCY
Business Freedom65.2

Labor Freedom77.6

Monetary Freedom66.9

OPEN MARKETS
Trade Freedom60.0

Investment Freedom20.0

Financial Freedom30.0

Embed This Data
Create a Comparison Chart
See how Bhutan compares to another country using any of the measures in the Index.

vs
Download PDF
QUICK FACTS
  • Population:
    • 0.8 million
  • GDP (PPP):
    • $5.9 billion
    • 6.4% growth
    • 7.4% 5-year compound annual growth
    • $7,641 per capita
  • Unemployment:
    • 2.8%
  • Inflation (CPI):
    • 7.7%
  • FDI Inflow:
    • $5.8 million
Embed This Data
Bhutan has taken some steps to modernize its economic structure and reduce poverty. Recently, a higher priority has been placed on measures to diversify the economy. The public sector, especially hydropower, has long been the main source of economic growth, but the government now recognizes that broad-based private-sector development is crucial.

Economic Freedom Snapshot


  • 2016 Economic Freedom Score: 59.5 (up 2.1 points)
  • Economic Freedom Status: Mostly Unfree
  • Global Ranking: 97th
  • Regional Ranking: 20th in the Asia–Pacific Region
  • Notable Successes: Property Rights and Freedom from Corruption
  • Concerns: Open Markets and Regulatory Efficiency
  • Overall Score Change Since 2012: +2.9


With the government running large budget deficits, Bhutan’s public debt is over 100 percent of GDP. In 2015, in an attempt to control the growth of debt, the cabinet approved a draft public debt policy. Lingering constraints on more dynamic private-sector development include an inefficient regulatory framework, pervasive non-tariff barriers, and a rudimentary investment code.

BACKGROUND
Bhutan is a small Himalayan constitutional monarchy that made the transition from absolute monarchy to parliamentary democracy in March 2008. In July 2013, it completed its second democratic handover of power after the People’s Democratic Party won the majority of seats in the National Assembly. Bhutan has one of the world’s smallest and least-developed economies. Until a few decades ago, it was agrarian with few roads, little electricity, and no modern hospitals. Recent interregional economic cooperation, particularly involving trade with Bangladesh and India, is helping to encourage economic growth. Connections to global markets are limited and dominated significantly by India.

VIEW METHODOLOGY[/paste:font]
Property Rights60.0Create a Graph using this measurement

Freedom From Corruption65.0Create a Graph using this measurement

Government transparency and accountability are limited, but in 2015, Bhutan’s Anti-Corruption Commission stepped up efforts to crack down on corruption. Civil and criminal codes include many modern provisions based on English common law. Property rights are generally better protected than in other South Asian countries, but it is difficult to register property and enforce contracts.

VIEW METHODOLOGY[/paste:font]
Government Spending67.5Create a Graph using this measurement

Fiscal Freedom83.1Create a Graph using this measurement

The top income tax rate is 25 percent, and the corporate tax rate is 30 percent. Other taxes include a property tax and an excise tax. The overall tax burden equals 13 percent of total domestic income. A value-added tax is set to be introduced to broaden the tax base. Government spending amounts to 32.9 percent of total domestic output, and public debt equals more than 100 percent of GDP.

VIEW METHODOLOGY[/paste:font]
Business Freedom65.2Create a Graph using this measurement

Labor Freedom77.6Create a Graph using this measurement

Monetary Freedom66.9Create a Graph using this measurement

Recent reforms have reduced the cost of starting a business by eliminating the minimum capital requirement. Despite some improvement, the labor market’s supply-and-demand imbalance persists. India provides subsidized liquefied petroleum gas and kerosene to Bhutan, and the two governments are co-financing numerous hydropower projects. The state maintains significant financial and commercial controls.

VIEW METHODOLOGY[/paste:font]
Trade Freedom60.0Create a Graph using this measurement

Investment Freedom20.0Create a Graph using this measurement

Financial Freedom30.0Create a Graph using this measurement

Bhutan has a 10 percent tariff rate. Importation of goods is time-consuming. Investment levels in several sectors of the economy are capped; otherwise, foreign and domestic investors are generally treated equally under the law. Opening the banking sector to more foreign partnerships has improved competition, but the lack of access to financing is a serious constraint for potential entrepreneurs.
 
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OrangeFlorian

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You don't need to have electricity, or Ipads or houses to be happy you simply need to be free to go about your life as you see fit as long as you don't infringe on other peoples property rights and Cuba isn't free in that sense therefore far less people are going to be happy over there so stop putting words in my mouth.
 
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OrangeFlorian

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Fidel Castro, the evil Cuban dictator, murderer, torturer, kleptocrat, and rapist is dead. Once again, I sort of wish I were religious (sort of, I say) so that I could fully enjoy the image in my mind of this criminal maggot, frying in the depths of Hell.

I actually remember when the creature came to power. I was just about to enter Fifth Grade, headed with my Air Force family to Pepperrell Air Force Base in St. John’s, Newfoundland. I saw a newspaper headline on a stand in Times Square as we visited New York City: "Castro Raped My Daughter". It was so at-odds with everything else being said about Castro that I never forgot it. A couple of years later, when he stripped off his disguise as another Simon Bolivar or Jose de San Martin, and crowed to a dishonestly astonished world that he was a communist, I thought about it again.

It’s not my purpose here to write any kind of biography of the vain, self-indulgent individual who wore silk fatigues (I saw them on TV) and speechified for five or six hours at a time. History may be entering a good moment to judge him accurately. I simply want any of my readers twenty years or more younger than I am to know that what you may read or hear, over the next several days—high praise from the collectivist likes of the New York Times and traditional "news" networks—is false. If Fidel Castro had somehow time-warped back to Germany in 1945, and been tried for his cruel predations at Nuremberg, he would have wound up at the end of a length of hemp, like so many of the Nazi war criminals did.

Cuba isn’t out of the woods just yet. There’s still Raul Castro, Fidel’s toadious little brother, who’s been running the country since 2006. Plus three generations of thoroughly-indoctrinated little commie- bots. We do best by making our own country as free as it can possibly be, now that it’s out from under the socialist thumb, an example to the world, a shining beacon of peace, freedom, progress and prosperity.

L.Neil Smith
Publisher and Senior Columnist
L. Neil Smith’s The Libertarian Enterprise
 

charlie

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I suppose Democratic Kampuchea was also very happy even though I haven't been there. Even though a quarter of the population died and is the reason theres a large lack of people over 60 in Cambodia based on statistics.
Again your examples are comparing apples to oranges, read about Khmer rouge more how pol pot use to treat people and how he use to think was completely different. He asked everyone to move to village he was agaisnt people getting civilized or modern.
 

OrangeFlorian

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If your trying to put words in my mouth and respond with "well you weren't there" then im still not listening.

Dictatorship doesn't become okay specifically when the left wing media says its okay. It becomes okay when it delivers superior results that actually accomplish something instead of leaving a country stuck 60 years behind in the past.
 

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