The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
Caption Contest: Enter Today!
Due: July 29, 2008
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
A WILLisms.com(ic), by Ken McCracken
July 14, 2006
Powered by Movable Type 3.17
Site Design by Sekimori
WILLisms.com June 2008 Book of the Month (certified classy):
The WILLisms.com Gift Shop:
This Week's Carnival of Revolutions:
Carnival Home Base:
Trivia Tidbit Of The Day: Part 330 -- The Disaster That Is Zimbabwe.
When property is outlawed, only outlaws will have property-
Take note of Zimbabwe's economic fortunes over the past quarter century:
Now, look at the Freedom House ratings of Zimbabwe over that same period (.pdf):
Freedom matters. That includes economic freedom, as well as political freedom.
Indeed, Robert Mugabe's Zimbabwe, with its falling levels of freedom, is a perfect example of how not to run a country.
Consider Zimbabwe--a state which, since 2000, has been in an economic tailspin. Today, it is shrinking faster than any other country on earth that is not at war. Zimbabwe’s currency is nearly worthless from hyperinflation; its financial institutions are in disarray; its world-class farms sit idle; and its manufacturing, mining, and export sectors are declining steeply. The informal exchange rate for the Zimbabwe dollar is Z$150,000 to US$1; six years ago, it was Z$55 to US$1.
When "reducing inequality" becomes the primary goal and function of a government, economic disaster is on its way. Guaranteed.
The best, fastest way to achieve equality is to destroy wealth. Ultimately, that's all populist Marxist regimes do. Destroy wealth, as well as the fonts of wealth creation. In Zimbabwe, "land reforms" were Mugabe's way of destroying wealth:
Economic growth from 1980 to 1989 averaged a robust 5.2 percent in real terms, and while it slowed from 1990 to 1999 due to questionable macroeconomic policies, it still averaged 4.3 percent during this period. A major reason for the country’s prosperity was its sophisticated commercial farming sector. Vast tracts of large-scale farms produced thousands of acres of tobacco, cotton, and other cash crops. About 4,500 white families owned these farms. In contrast, 840,000 black farmers eked out a living on small and relatively infertile plots in the communal lands, producing maize, groundnuts, and other staples.
In comes "land reform," which was really just code for the confiscation of productive property. What happened in Zimbabwe after farms were ransacked? Well, inflation shot up, foreign investment skedaddled out of the country, and wealth growth went negative. The destruction of productive private agricultural enterprise rippled into every sector of the economy:
The loss of Zimbabwe’s 4,000 farms has impacted every aspect of the country’s economy. Each of these farming companies employed 100 or more people, paid various taxes to the government, and generated incomes for others that also yielded taxes. In addition, the farms provided housing, clinics, and schools; more than a million Zimbabwean children, in fact, received an education from farm schools. Communal farmers also benefited from the farming companies, sourcing their demands for seed, fertilizer, chemicals, and expertise to them.
Zimbabwe is a perfect example of the sort of economic and political disaster that could destroy any country that pursues populist Marxism to such an extreme.
Meanwhile, a great example of a country overcoming populist Marxism and introducing property rights with great success is Nicaragua:
And wouldn't you know, political rights and civil liberties tracked right along with economic liberties (.pdf):
Ideas matter. Policies matter. Freedom matters.
Thus, in this country, when one hears from The New York Times about how not raising taxes will "cost" Americans tens of billions of dollars, it's difficult to contain the guffaws, sighs, and chortles of irritated, depleted bemusement.
There are economic lessons from history, including contemporary history, that left-wingers-- almost unanimously-- do not seem to grasp. Or even care to attempt to grasp. Tax relief, property rights, GDP growth, and economic freedom mean nothing to these socialists, if the menace of "inequality" persists.
America is the greatest nation on the planet because we have been one of the freest countries (politically, culturally, spiritually, economically) on the planet for such a consistent and enduring time.
Previous Trivia Tidbit: Surpluses On Their Way.
Posted by Will Franklin · 11 May 2006 11:27 AM
ABSOLUTELY Well Said. Marxism should be dead, but unfortunately the ideas that have been proven wrong time and again are not.
Posted by: Justin B at May 11, 2006 12:13 PM
That's a stunning correlation. And this is the first place I've seen anything like it.
Posted by: Hoodlumman at May 11, 2006 12:52 PM