Trump Commands GM to Make Ventilators, But GM Already Was

And Wall Street is only in a position to whip anyone, because The Fed handed them, in exchange for nothing, all the wealth other people spent generations building up.

American “leaders” don’t just happen to be universally stupid, mediocre and unable to look more than a quarter ahead, because they are American.

There’s nothing wrong with Americans simply on account of them being Americans. Rather, the wrong is the existence of a Central Bank. Financialization. A government powerful enough to rob others to bail out anybody, for any reason (which is just another way of spelling “a government which WILL bail out those with the resources to lobby it, with money stolen from those without).

The wrong lies with the ability to “make money” from a house, as it, obvious to all and anyone literate, sits there literally decaying (and, like a cellphone, becoming more outdated) as time goes by.

With the ability to “make money” by randomly owning stocks, bonds, funds and other instruments of crass theft obfuscation one has no asymmetric insight into how will perform (as in, one don’t work there and aren’t directly involved in operations.).

With the ability to make money not by selling something of value to an audience free to not buy if they don’t like the price/performance, but instead by getting ambulance chasers to abuse courts to simply take the money from others.

Etc., etc. All of the above, exists solely to prop up a rentier class of completely useless leeches, which add no value nor benefit to anything nor anyone at all, beside their own leeching selves.

Once the above is how you make money, Americans will do the above. Everyone would. Even in Sweden, which at one point were perhaps more smitten by Olof Palme’s idealism than most, the ruling clique are now, on account of their own central bank, busier coming up with excuses for why other people should not be allowed to build a roof over their heads in a cold winter, than in building anything of value.

The only reason the Sandersites of the world seem to think Swedes are somehow “better people” than Americans, is that our Fed is and government is, and has been for longer, more powerful on account of reserve currency status etc., hence even better at stealing on behalf of the rentier class, than theirs.

Well, Rand didn’t think about negative externalities when she wrote that overrated. book. If you produce pollution which most industries do, then it’s totally good that men who produce none of those things are put in charge.

Atlas Shrugged: a book for simple brains.

“If you produce pollution which most industries do, then it’s totally good that men who produce none of those things are put in charge.”

No, it’s not. Producing nothing at all, instead sitting there robbing others until they’re starving to death, since that is the only way your incompetent self is able to feed yourself, is a heck of a lot more destructive than some occasional, temporary unanticipated algae growth from fertilizer runnoff.

Doesn’t mean you can’t have rules against externalities. Truly free societies, pure anarchies, have those protections against negative externalities built in. Simply by way of everyone whose drinking water you pollute, being in a position to blow you away without consequence, should you choose to do so. Try to dam or divert a river upstream of a Taliban village which relies on it for sustenance, and you’ll realize you don’t need totalitarian government to sort out negative externalities…

But assuming you’re not quite cut from Taliban cloth, hence insist on dismantling freedom’s, and nature’s, built in protections against negative externalities: Those you want in charge, are those competent enough to produce something of value, since being able to do so, is a prerequisite for being able to make realistic cost/benefit tradeoffs between different ways, as well as whether at all, to produce any given valuable something. People who are too incompetent to produce anything at all, will never be able to make that determination. As they don’t even know how anything valuable is produced. Much less various potential side effects, as well as various possible ways of ameliorating them.

All of that, takes some semblance of understanding of something useful. Not just sitting there screeching “me, me, me” while cheering on the money printers and jackboots to debase and coerce everyone else, on the clique of clueless, incompetent screechers’ behalf.

In America, all the way until well past WW2, most (not all, you’d have to go back another 75-100 years for that..) people in decision making positions in the US, achieved their positions on the back of some demonstrated competence. But since then, a completely run amuck Fed, as well as all manners of completely unconstrained “legal” activism and an ever growing state, have resulted in competent people being pushed aside by FIRE halfwits and ambulance chasers. None of whom are, as you’d think even the most hopelessly illiterate and indoctrinated would realize by now, even remotely as competent at managing anything in a useful fashion, as a bunch of polluting communists have proven to be.