Posts Tagged ‘ socialism ’

Occupy Unmasked


It was Andrew Breitbart’s final project before his untimely death.

And the full movie is about to be released.

Meanwhile…

And currently…

Irony


Louis Vuitton head heads away


So the head of Louis Vuitton, a Frenchie, is applying for Belgian citizenship, a departure from his native France. Why? Simple. The new socialist government is demanding a 75% tax rate on the rich. Sorry, but that is pure daylight robbery. And it’s why socialism doesn’t work> Hey, you’re successful, I’ll take that. How to kill endeavour, incentive and hard work 101: socialism.

North Korea’s new economic reforms


A sliver of light, glimpsed ever so briefly, at the conclusion of a most long and dark tunnel? Perhaps.

The beginning of the end of North Korea’s debilitating socialist economic system?

News reports suggested that [North Korea] has sought to expand its implementation of the so-called June 28 measures, which some observers said are tantamount to the renouncement of the socialist system.

The measures give greater autonomy to state corporations, allowing them to choose their production items, prices, amounts and marketing methods, according to reports.

They also allow farmers to take in 30 percent of their harvest.

Imagine that. North Korean farmers will now be able to keep and sell 30% of the fruits of their labour. Easily mocked in our rich Capitalist society, but it’s a step forward, progress, from the old socialist system whereby farmers could only keep what was left over from the quota the state made them harvest.

And imagine that: companies being allowed to produce what they want and set a price.

Funny old world isn’t it? As rich, free Capitalist countries toy more and more with socialist this and socialist that, a down-trodden, poor-as-fuck, relatively isolated, under-the-boot socialist country toys with the idea of Capitalism.

Ha! North Korea’s leader Kim Jong-un is essentially saying, “Over to you, people,” whilst Obama is saying to every hard worker, businessman and entrepreneur in America, “You didn’t build that!”

But with these latest North Korean economic reforms, I said it’s only a sliver of hope for a reason.

Yang Un-chul, of the Sejong Institute think tank:

“Even if they allow some autonomy to farmers and corporations, when they don’t have any personal property, such incentives would not work. Even though they take in some percentage of their harvest, this would, after all, be taken away by middle-level officers.”

Riots in Greece; socialism at its best


Greece’s citizens, quite the socialists by nature, are having a hard time of it now that they’ve run out of other people’s money and the free, unsustainable goodies that come with it.

OK, OK, so they haven’t run out. They’ve just had to cut back on their privilaged, pampered lifestyle in order to secure another whopping $171bn €230bn of bailout money that’ll, let’s face it, probably be a waste of (other people’s) money.

Greece’s parliament has approved an austerity and debt-relief bill, crucial for the country to avoid bankruptcy and remain in the eurozone. Lawmakers voted today in favor of the bill that imposes harsh new austerity measures in return for a $171 billion new bailout agreement and related deal with private creditors to shave $132 billion off the country’s national debt. The vote occurred after extensive rioting and looting swept through the Greek capital.

There are some good piccies to go with that last link, too.

Tyler Durden at ZeroHedge:

[T]he question now is what the popular Greek response will be having learned its politicians sold it out yet again, which will likely be nothing much, as it is 1 am local time, and as everyone knows revolutions in heavily socialist countries only start between 9 am and 5 pm, with a 2 hour break for siesta.

Will likely be nothing much? A bit harsh. They did manage to get out of bed and riot because, you know, trashing your own country when it’s already broke is the obvious smart choice.

Related: click here to see in pictures who loaned Greece the money.

UPDATE

Athens’ Starbucks ablaze.

Is this what kids should be taught?


Really?

With thanks to Noisy Room.

UPDATE

Thought it sounded familiar…

More Happy Days


As an investor, gee wasn’t Friday fun? Brought to you by your local socialist government (good one, Obama! You let happen what no no other president has managed – a AA+ credit downgrade).

I say, let Greece fail. The idiots have voted for their socialist governments for decades. Let ‘em have a taste of pure socialism. Let them drink that poison chalice down.

BTW, nice timing with the trace gas tax, Julia.

Isn’t it fun watching your hard earned dollars get pissed into the wind by idiot leftist governments?

Can’t wait till the markets open Monday.

:roll:

Socialism sucks.

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