When the Communists are happy, it s time to rethink where we re headed
Tuesday, January 19, 2021 |
Robert Knight - Guest Columnist Knight
America’s ever-tightening, Stalinist “cancel culture” is increasingly resembling China’s “social credit” system, in which you must toe the party line in order to work or obtain medical care and other necessities.
A day after the Georgia U.S. Senate runoff handed the Left its trifecta – control of both houses of Congress and the White House – the Communist Party USA gave notice that this is merely the latest stage in Sovietizing America.
An editorial on the CPUSA’s website acknowledges that the Democrats’ total control may be temporary, so they had better make hay while they can:
Is America ever better off when Communists exude sighs of relief?
The editorial was posted before news broke of the Capitol riot. Just as the Reichstag fire in 1933 gave Germany’s National Socialists an excuse to begin throttling their opponents, the American left is using the riot to silence dissidents.
Unlike Antifa rioters, who openly advocated the violent overthrow of the U.S. government while torching dozens of cities, the hotheads who broke into the Capitol wanted to delay the electoral vote count for a serious examination of numerous allegations of vote fraud. What a small crowd from the massive pro-Trump rally on the Mall did was tragically wrong, and it even cost the lives of a police officer and a Trump supporter.
Yves here. The article cites a list by Robert Reich of how people become billionaires. Reich’s categories wind up missing private equity, since Reich assumes the only way people get rich in money management is via inside information. In fact, someone is twice as likely to become a billionaire by managing money as he is by going into tech. Asset management has strong scale economies based on the size of fund. Get a big enough fund and charge high enough fees (and in private equity, they are both rapacious and well disguised) and you get rich.
The cover of the May 20, 2020 issue of