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Something To Think About Archive

For the first time in Gallup’s polling history since 2010, positive views of socialism crossed the 40% threshold. Fortunately, Small Business and Free Enterprise still hold solid majorities. The Democratic Socialists of America explicitly say their objective goes beyond regulating capitalism. It favors collective ownership of important economic sectors and describes democratic socialism as an alternative to capitalism. Its constitution calls for “popular control of resources and production” and economic planning. However, the farther an economy moves toward comprehensive government ownership and central allocation and away from free market forces, serious problems with productivity, shortages, innovation and resource allocation become the norm.

We hope that President Trump doesn’t throw Taiwan under the Chinese bus just for the better trade deal that President Xi hinted at during his recent state visit. The administration needs to keep in mind that past promises by China to buy more American exports, like soybeans, have not been lived up to and in fact have fallen short by nearly half of promised purchases. And even if they were to do as promised, is it worth the cost of a free and democratic Taiwan? Trump needs to remember the promises made about Hong Kong maintaining its independence under Chinese rule. Two giant pandas do not make China a reliable partner.

19th Century Italian politician Camillo Benso claimed that “The man who trusts men will make fewer mistakes than he who distrusts them.”

Business leader Lee Iacocca said: “I guess if I had to say only one thing about management, it would be that the key is decisiveness.”

It’s interesting and not a little troublesome to watch the opposing national parties merge at the extremes: Progressive Mayor Mamdani and J.D. Vance are both critical of Free Markets and the globalization that saw unsurpassed U.S. economic growth. And both think that the government should own or control certain commercial enterprises. Right-wing Steve Bannon, for better or worse, sides with AOC and Bernie Sanders wanting to ban data centers essential to AI. President Trump, who at one-time argued against Mitt Romney’s ideas for immigration controls, agrees with DSA Michigan Senate candidate Abdul El-Sayed that we should end the filibuster, the guardrail against one-party rule. It’s upside-down world in America today.

Consumer advocate Ralph Nader said: “I start with the premise that the function of leadership is to produce more leaders, not more followers.”

Congress and the White House have to face the fact that ever-expanding budgets for defense, forever wars and entitlements will mean higher and higher debt limits and borrowing at higher and higher interest rates will be required to service the growing national debt. It is simply unsustainable. Meanwhile, due to Congress’ past missteps in entitlement reform, it’s been reported that Social Security will run out of cash in about six years requiring across the board cuts. Bottom line? A baby born today owes nearly $400,000 in federal debt and unfunded entitlement liabilities.