E!!

I’ve blogged on the UPS / FedEx thing before.  Here and here.

Reason.com has a new video on it, spoofing UPS’ white board ad campaign.  And with an interesting spin on the issue at the end.  (Hint:  The real evil doer is neither UPS nor FedEx.)

the French start sounding more sensible than the Americans on economic policy.

Read about President Sarkozy’s comments on capitalism here.  The Newsmax piece starts with this:

French President Nicolas Sarkozy says that the economic maelstrom that has captivated the world’s attention for the last 17 months is “not a crisis of capitalism” but, in actuality, a breakdown of a system that has “drifted away from capitalism’s most fundamental values.”

For a re-cap of how the U.S. drifted, here’s a pretty good (short) op-ed from the WaPo (August).  Title:  Is Capitalism Dead?  The market that failed was not exactly free.

From one of my faves, Thomas Sowell:

Socialists believe in government ownership of the means of production. Fascists believed in government control of privately owned businesses, which is much more the style of this government. That way, politicians can intervene whenever they feel like it and then, when their interventions turn out badly, summon executives from the private sector before Congress and denounce them on nationwide television.

Read the whole thing here.

Where’s the outrage from all the liberals who were screaming “fascism” every time George W. Bush stepped up to the podium and twitched the wrong way? 

Nothing Bush did ever disturbed me as much as the thought of the federal government – the most incompetent, inefficient bureaucracy in America – controlling private banks and corporations.

I was recently encouraged, by the executives of an organization that shall go unnamed so I can keep my day job, to write a letter to my Congressman touting the benefits of the Fix Housing First Proposal.

Here’s my letter.

Dear Congressman (or woman)(or Dina Titus):

Rumor has it that you are considering additional action in re: to the housing market. As I understand it, the Fix Housing First proposal consists of the following:

1. The federal government will offer a gi-normous and historically unprecedented supercalifrajalistic tax credit to anyone buying a house in 2009, and anyone who took last year’s lesser tax credit or bought their house prior that can bite the proverbial Big One because they aren’t getting doodleley squat. In essence, those retards who had the poor sense to purchase a domicile before you and your Wall Street pals f***cked the economy into a coma are SOL: too bad, so sad, cry me a Hudson River, etc.

2. In addition – and again, this is only for those bless’d and priveleged few who choose to buy homes in 2009 – the federal government will guarantee a super-sweet taxpayer-subsidized loan at a low, Low market rate of 2.99 or 3.99. Those who were short-sighted enough to finance their homes at 5, 6, or 7% – what a bunch of losers!! – will just have to continue at those rates and hope that sometime in this millenium, they or their unfortunate descendants can break even…or at least not have to file bankruptcy and sell special personal favors out behind the local WalMart.

Naturally, as someone who enjoys being regularly screwed over by my elected officials, I support the Fix Housing First proposal. In addition to priveleging a few citizens over the vast majority and attempting to artificially stimulate an entire industry with the taxpayer dollars OF that majority, it will effectively grind into dust my last vestiges of faith in fairness, equity, and the American Way.

I now realize that virtues such as these are for fools and idealists, and I thank you for freeing me from the naïve weltanschauung that has enslaved me for the better part of my life. Now instead of wasting my time aspiring to liberty and justice for all – what crack-smoking maniac thought up THAT ridiculous concept? – I can now embark on a life filled with bitterness, vitriol and rage and go to my grave cursing both man and God, as is only befitting of an enlightened person of the twenty-first century.

Congratulations on your confirmation into Congress.

Sincerely,

Citizen Sue

Don’t miss this Washington Times piece by Gary Shapiro, CEO of the Consumer Electronics Association (and thanks to Stephen Dreikorn @ The Pinkston Group for bringing it to my attention).

Shaprio rightly points out that the card check issue is even bigger than worker coercion and forced unionization through the deprivation of secret ballot votes in union elections.  Also at stake are the integrity of our labor laws, the balance of power in American labor-management relations, and possibly our entire economy.

Shapiro reminds us that unions once existed primarily to ensure worker safety, but protections for our labor force are now the law of the land.  Unions today have become more concerned with negotiating above-market wages and benefits for their members, lobbying to block free trade agreements at every turn, and protecting their own power.

When achieved, these three things make companies less competitive.  And companies that cannot compete will flounder or fail, hurting the shareholders and driving jobs overseas while dumping their newly unemployed into the American economy.

Shapiro reminds us that creative innovation is the American way and the best way out of the present situation.  He asks us to realize that the big union bullwhips and our mounting personal and national debt are driving us all into a deep pit that may soon become a mass grave.

Rather than burden companies with heavy tarrifs, big taxes, and too cumbersome regulatory and union restrictions, we should be doing our best to lighten their load so they can be faster and more flexible.  In a global economy that can often turn on a dime, getting around the corner quickly is the difference between keeping up with the pack or being left in the proverbial dust.

Iain Murray recently had a good post on the general arguments for them, and for meddling or not meddling with them.

At a recent meeting of Nevada conservative and libertarian leaders it was interesting to note that although we each came from different points on the political spectrum and disagreed on some things, we found one general policy area in which we all agreed:  fiscal policy.  Namely:  free market, small (and transparent) government, low tax, balanced-budget approaches.

Strange that a British writer - Peter Hitchens - is the one to re-break my heart re: election night with this piece in the Daily Mail. 

Hat Tip:  Derb, who provides the column’s four paragraph close

This post on the values of capitalism over on Overcoming Bias is just excellent.

It starts with this quote:

“The financial crisis is not the crisis of capitalism.  It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.”
        — Nicolas Sarkozy

and includes gems like:

The fundamental morality of capitalism lies in the voluntary nature of its trades, consented to by all parties, and therefore providing a gain to all.

and

Vigorous work is praiseworthy but should be accompanied by equally vigorous results.

and

No one has a right to their job.  Not the janitor, not the CEO, no one.  It would be like a rationalist having a right to their own opinion.  At some point you’ve got to fire the saddle-makers and close down the industry. 

and

No company has a right to its continued existence.  Change happens.

and

A high standard of living is the just reward of hard work and intelligence.  If other people or other places have lower standards of living, then the problem is the lower standard, not the higher one.  Raise others up, don’t lower yourself.  A high standard of living is a good thing, not a bad one – a universal moral generalization that includes you in particular.  If you’ve earned your wealth honestly, enjoy it without regrets.

and

People safeguard, nourish, and improve that which they know will not be taken away from them.  Tax a little if you must, but at some point you must let people own what they buy.

and

In countries that are lawful and just, the government is the referee, not a player.  If the referee runs onto the field and kicks the football, things are starting to get scary.

and

Making money is a virtuous endeavor, despite all the lies that have been told about it, and should properly be found in the company of other virtues.  Those who set out to make money should not think of themselves as fallen, but should rather conduct themselves with honor, pride, and self-respect, as part of the grand pageantry of human civilization rising up from the dirt, and continuing forward into the future.

Amen!