Competition makes entertainment better and cheaper.
Competition makes entertainment better and cheaper.
What happens when politicians decide they are in a better position than business owners to know how much workers should be paid? We don’t have to guess. Cities like Seattle and New York have already done so with their $15/hour minimum wage mandates. Simone Barron, a lifelong restaurant worker, recounts how “helping” her impacted her wallet, her career, and her life.
Rush Limbaugh on Friday’s show (May 15th) took a call that led him to an important response that places like New York that survive off of their Manhattan business district may lose [permanently] large corporations renting out the office space and paying the high cost of taxes that fund the city and are a large portion of taxes. The people that live and work in the tri-state areas that are also connected to making New York City run (BLUE COLLAR: maintenance, janitorial, tech, etc.) as well as all the business professionals (WHITE COLLAR: administrators, human resources, lawyers, etc.). Not only that, but the new laws and enforcements like these seen in this pandemic may be a cost for companies moving their offices to other states.
Here is an excellent article by the NEW YORK TIMES:
Here are a couple other note-worthy articles:
UPDATED VIDEO by REASON TV:
People who fled Cuba and Venezuela warn Americans not to embrace socialism.
See more via my SOCIALISM links
Media personalities claim socialism didn’t cause Venezuela’s collapse, but it did.
POWERLINE sets the idea of “what socialism really is” when they note…
Venezuela is in the midst of economic and social collapse. Which country do you think liberals would love to model our country after?
Stossel has an exchange with famed M.I.T. linguist Noam Chomsky, who once praised former President Hugo Chávez socialist policies.
(H-T to PHIL FERNANDES) Rafael Acevedo is Founder Director of Econintech, and teaches at the Universidad Centroccidental Lisandro Alvarado in Barquisimeto. He is also Director of Politics of the Venezuelan Freedom Movement.
The longer speech by Rafael Acevedo of which the above is a truncation is HERE. Dinesh D’Souza’s wife ,Debbie D’Souza, a native Venezuelan, did a PRAGERU video as well:
We’ve read and watched the news of Venezuelan society collapsing under the weight of socialism. But how bad is it really? See this firsthand account from documentary filmmaker Ami Horowitz.
Dennis Prager first read from an AP story about Jamie Foxx visiting the death hole known as Venezuela (see the FREE REPUBLIC’S POST). Later in the show he actually gets a call from Caracas, Venezuela. I teared up a bit during the call, as did Prager apparently. Good stuff Maynard!
Here is Dennis’ Facebook comment:
(EPOCH TIMES article linked in pic above)
I grabbed this from my phone, because it is behind a WALL STREET JOURNAL paywall otherwise (for whatever reason my phone got the text?). Enjoy Art Laffer and Stephen Moore:
Larry Elder destroys the wide-spread myth regarding the idea that the women’s soccer team is paid less than their male counterparts. The callers point was simple and powerful, in essense he was saying how could someone demand equal pay when they were chasing away viewers — which — lowers revenue. Rapinoe is solely responsible for the women’s soccer ratings to sink by 43% this year. The “Sage” also reads from a couple articles zeroing in on the lie (or myth if you like) of this position (they follow the video):
Here are the articles:
Here is the best comment from my YouTube Channel:
Christian Hoff Sommers
Sargon of Akkad – so – Rough Language, FYI:
(MISES) …At Forbes, Mike Ozanian note that generally speaking, men’s soccer generates revenues at much higher levels:
The men’s World Cup in Russia generated over $6 billion in revenue, with the participating teams sharing $400 million , less than 7% of revenue. Meanwhile, the Women’s World Cup is expected to earn $131 million for the full four-year cycle 2019-22 and dole out $30 million to the participating teams.
But what about the US women’s team specifically?
According to the Wall Street Journal:
From 2016 to 2018, women’s games generated about $50.8 million in revenue compared with $49.9 million for the men, according to U.S. soccer’s audited financial statements. In 2016, the year after the World Cup, the women generated $1.9 million more than the men. Game revenues are made up mostly of ticket sales. In the last two years, at least, the men’s tally includes appearance fees that opposing teams pay the U.S. for games.
So, very recently, women have begun to outpace the men in ticket sales. But, as the WSJ admits: “ticket sales are only one revenue stream that the national teams help generate.”
And what about revenues from broadcasts? It seems that “TV ratings for U.S. men’s games tend to be higher than those for U.S. women’s games, according to data collected by U.S. Soccer.”
Moreover, Politifact was unable to confirm that total revenue is, in fact, higher for the women in recent years:
During the three years following the 2015 Women’s World Cup, the women’s team brought in slightly more revenue from games than the men’s team did. While marketing and sponsorships are sold as a bundle, there are anecdotal signs that the women’s brand is surging in popularity.
However, it’s harder to say whether the women are ultimately paid less than the men, due to the lack of transparency and the complicated variables that feed into the compensation. Several experts said the reality may be murkier than a shouted catchphrase [i.e., “equal pay!”] can capture.
For the sake of argument, let’s say the women do bring in more revenue. The fact this is such a recent development would help explain why the pay structure has yet to catch up with revenues. Moreover, if US Soccer is going to risk paying out-sized salaries and benefits, it’s going to have to first be comfortable that the women’s teams are a reliable and sustainable revenue source….
I wanted to share two articles to exemplify and introduction to a HERITAGE FOUNDATION article about competition between states. The first is this article found over at HOT AIR, and it shows the damage that distortions to supply and demand for some sort of egalitarian or environmental concern can have on productive endeavors that increase the wealth of the common man. Wealth creation in other words:
The second article deals with on the one hand a Utopian [mis]understanding of alternative energy and it’s own “supply-and-demand” features built into the environmentalist hypothesis (that in the end do not fit reality). I have said for years that the supply of heavy metals and lithium which are the main ingredient to make power cells for cell phones and laptops (small/reasonable), to a whole swath of them in rows in electric cars (unreasonable).
Let me explain why I just said “unreasonable.” These ventures with Tesla and other manufacturers of electric vehicles are not a “supply-and-demand” by the free market. These ventures into wind, solar, and electric vehicles ONLY EXIST because our government has funded their “viability” in a world that if left to stand on their own would go out of business. The technology is old and never really worked, and the only people that buy Teslas, as an example, are the rich, and they are given a form of welfare to do so. (In other words, the rich are getting a form of bailout by environmentalists that say the rich are ruining the environment.)
Here is POWERLINE’S article in part:
AGAIN, the immutable law of supply-and-demand will come into play in rising prices of “alternative energy” and scarcity of availability… based on egalitarian environmental concerns. N O W, here is the intro to the HERITAGE FOUNDATION article noting the differences between blue-state policies and red-state policies… much of which is based on supply-and-demand regarding energy needs:
Would college students support a policy that would force those with high GPAs to donate part of their own GPA to help those with lower grades? With the recent rise of politicians like Bernie Sanders and Alexandria Ocasio-Cortez, more people than ever support socialist policies. But would they support socialist policies when it came to their GPA? We went to Florida International University to find out.
WATCH the documentary on Amazon Prime: “Sweden: Lessons for America?” (1-hour)
(Jump to the challenges directed at me dealing with America protecting these smaller countries)
Gay Patriot introduces us to the myth often put forward by the left. This post by Gay Patriot will add to the video by Bill Whittle that follows it:
One of the myths Progressive Leftists elevate to “fact” by constantly repeating it to each other is the idea that Scandinavian countries are the closest on Earth fulfillment to their socialist dream utopia. ~ Gay patriot
In an excellent Bloomberg article entitled, “Booming Sweden’s Free-Market Solution,” the myth is dismantled in toto by Anders Aslund. Here is a snippet:
Reason.org Weighs in on the “Swedish” experiment, how it got its wealth, noting how it squandered it, and how it is returning to the pre-70’s ideology:
And do not think for a moment that the free-market has not allowed Sweden or other Nordic nations to get back on their feet. This is is pointed out in the following “101” presentation on economics:
The Above Video Description via Reason.org:
For those of us who place more trust in free markets than state-directed economies, we must inevitably (and repeatedly) confront the skeptical interlocutor who details the “successes” of Swedish social democracy. “If state intervention into the economy is so bad, high taxes so destructive, then why is Sweden such a success?” It’s an irritatingly simple question with a incredibly complicated answer, though I do recommend pointing out, when the conversation turns to health care and secondary education, that nothing, in a state the confiscates a massive portion of your income, is “free.” But as many have pointed out, during its boom years, Sweden was a pretty free market place; from the 1970s through the 1990s—when taxes and regulation dramatically increased—the economy slowed until it spun out in the early 1990s…
…So here is my bottom line: When some American pundit, with expertise is everything, explains why some European welfare state “works,” or how everything you know is wrong about taxing income at 75 percent, do a little digging, make use of Google Translate, and don’t trust that, because Swedes and Danes tell researchers that they are happy, the United States should introduce “daddy leave” and provide subsidies to syndicalist newspapers.
The best English-language explication of the Swedish model comes from my pal Johan Norberg, who wrote this brilliant piece for The National Interest a few years back. And watch my interview with Norberg on Swedish welfare politics here and on Naomi Klein here.
The following interview is Johan Norberg, author of In Defense of Global Capitalism, sits down with reason.tv’s Michael C. Moynihan to sort out the myths of the Sweden’s welfare state, health services, tax rates, and its status as the “most successful society the world has ever known.”
National Review seems like a good place to continue the theme of showing how the Nordic countries have used the free-market system to recoup what it has lost with previous regulations that crippled free-enterprise. Here is a comparison between Sweden and Venzuala that was helpful in explaining how Sweden has less regulations that us in many places (a recent phenomenon BTW):
Reason.org again weighs in on whether Sweden is the right model for the U.S. to emulate:
The Above Video Description:
To the American mind there may be nothing more quintessentially Swedish than the leggy, blond supermodel.
But there’s another Swedish model that inspires almost as much admiration—the Swedish economic model. With a generous welfare state and high living standards, Sweden seems to prove that socialism works. Much of the hope that swept Barack Obama into the White House rests on the belief that America could reach new heights under a regime of enlightened progressivism, that we could be more like the Swedes.
Not so fast, warns Stockholm University sociologist Charlotta Stern: “If an American told me that the US should be more like Sweden I would say I don’t think it’s possible.” The United States can centralize its health care system and pass other laws that mimic Sweden’s welfare state polices, says Stern, but it’s impossible to replicate a culture that allows those policies to operate about as smoothly as possible. Swedish bureaucracies inspire trust, but their American counterparts (DMV, TSA, IRS) inspire punch lines, if not outrage.
But America could emulate some of the Swedish policies that don’t require extensive bureaucracies. Take school vouchers. Teachers unions in America regard the idea as free-market radicalism, but families in Sweden enjoy universal school choice. Sweden adopted its famously progressive policies during the 1970s, but after years of sluggish economic growth the land of ABBA altered its course in the 1990s, adopting a host of free-market reforms, from deregulation to tax cuts.
Although much of the disco-era welfare state remains, economist Andreas Bergh credits the free market reforms with reviving his nation’s economy. “Sweden is moving in the market economic direction,” says Bergh, “but that does not mean America should be moving in the socialist direction.”
What if the two nations continue on in different directions? Maybe some day when America is looking for a way to rejuvenate its economy, pundits will point to a different kind of Swedish model. One that increases individual choice and competition.
“Sweden—A Supermodel for America?” is produced by Daniel B. Klein, and written and produced by Ted Balaker, who also hosts. Shot by Jonathan Liberman and Henrik Devell, with additional production support by Zach Weissmueller and Sam Corcos and post production by Hawk Jensen and Austin Bragg. Special thanks to Niclas Berggren, Martin Borgs, Nils Karlson, and the Ratio Institute.
A Challenge Directed At Me
In conversation about an audio upload to my YouTube Channel of Dennis Prager discussing Bernie Sanders, I was challenged with this:
To which I responded with a quote from an International Business Times article:
I also pointed out that this promise went back to the Cold War, and was not known about till a Swedish defense think-tank/security firm uncovered the agreements in 1994. The original story’s link has been lost, but it is here on FOI’s site. FOI’s “about us” page has this:
Here is the info from the old article via WIKI:
Some More Discussion
In this first back-and-forth, I noted some of the above and got this response:
To which I respond:
Someone else joined the discussion, and mentioned the following:
Again, I respond:
Gay Patriot ends the beginning of this post well:
I am amazed at the illiterate nature of politicians who think money is a zero sum game. That wealth is not created through investment. What Ocasio-Cortez apparently doesn’t or won’t understand is that there is no $3 billion out there that New York could spend… there would have been 24-billion-to-27-billion to spend after the 3-billion in tax-breaks — on subways, infrastructure, and the like. But now there is zero. Zilch. Nada. This deal would have created roughly 25,000 well-paying jobs. The residual job creation was estimated to be an additional 67,000 jobs. Wow. See more here:
NATIONAL REVIEW’S article from July of 2018 seems fitting: