Crony Capitalism – Page 11

Elite Failure and Populist Trump It

August 5, 2015August 5, 2015 by Zenpundit

Cross-posted at Zenpundit.com

GOP Front Runner, Donald J. Trump (Image: Michael Vadon)

A friend sent an essay by the prolific IR scholar, Professor Angelo Codevilla that had been posted at Powerline Blog. It was good.

For the unfamiliar, Codevilla often writes on national security and intelligence matters and some readers may be familiar with his (with Paul Seabury) book, War: Ends and Means; but in recent years Codevilla has, like Walter Russell Mead and a number of other intellectuals, turned his attention to the shoddy performance, ethical deficiencies and arrogant demands of the new American “ruling class”, writing a biting critique of their “meritocratic regime”.

In his essay for Powerline, Codevilla turns his attention to the political phenomenon of the improbable GOP presidential front runner, billionaire and reality TV star, Donald Trump. Unsurprisingly, Dr. Codevilla is not a huge fan of the bombastic Mr. Trump, but his analysis of why Trump has captured the moment so easily has some astute insights about the decaying state of our political system and the seething anger of the electorate:

Socialism is running out of other people’s money

August 1, 2015 by Michael Kennedy

Socialism is on its last legs except for college faculty lounges. Venezuela is now seizing private companies’ facilities.

“There is an economic war here and this company, Polar, is at the heart of it. They hide products from the population, and inflate their prices!”
The government had first notified the landlord of plans to expropriate the industrial park in 2013, Nestle spokesman Andres Alegrett said by telephone from Caracas on Thursday. Nestle used the facility to dispatch about 10 percent of its products in the country, supplying sweets and drinks to the western side of Greater Caracas, he said.

Nestle is no stranger to Socialism. Jonah Golberg noted Nestle’s connection years ago.

About ten years ago I went on a junket to Switzerland and attended a talk with the CEO of NestlÃ©. Listening to him, it became very clear to me that he had little to no interest in free markets or capitalism properly understood. He saw his corporation as a “partner” with governments, NGOs, the U.N., and other massive multinationals. The profit motive was good for efficiency and rewarding talent, but beyond that, he wanted order and predictability and as much planning as he could get. I think that mindset informs the entire class of transnational progressives, the shock troops of what H. G. Wells hoped would lead to his liberal-fascist “world brain.”

Yes, Nestle has a history of cooperation with various do-gooder initiatives although it has kept its eye on profits.

Civil Wars everywhere in politics.

July 25, 2015July 25, 2015 by Michael Kennedy

At the “Netroots Nation Conference, while an illegal alien was interviewing Martin O’Malley, a Democrat candidate for president, the stage was invaded by a black convicted felon (embezzlement) named Tia Oso who protested when O’Malley said “All lives matter.”

Chanting, “What side are you on, my people, what side are you on?” and “Black lives matter,” the demonstrators moved to the front of the ballroom about 20 minutes into the event as Mr. O’Malley discussed proposed changes to Social Security. They remained there, heckling the candidates and posing questions, until organizers shut down the event, one of the centerpieces of the annual Netroots Nation conference.

The Democrats are going to have serious problems with the black activist movement.

The black radicals even plan to dig up the remains of General Nathan Bedford Forrest and his wife, law or no law. This sort of lunatic behavior is going to discredit this stuff pretty soon.

Of course the Connecticut Democrat State Central Committee voted to remove the names Jefferson and Jackson from their annual celebration, so the black radicals not that much more crazy.

Connecticut state Democrats voted Wednesday to remove the names of former presidents Thomas Jefferson and Andrew Jackson from their annual fundraising dinner, reportedly because of their ties to slavery.

According to the Hartford Courant, it only took two minutes for the Connecticut Democrat State Central Committee to unanimously pass a resolution stripping both names from the title of the Jefferson-Jackson-Bailey Dinner.

Party Chairman Nick Balletto proposed the change. He told the Daily Caller the decision, which apparently came under pressure from the NAACP, was about party identity.

Yup, the lunacy continues.

Herman on Scooter Libby

June 1, 2015May 31, 2015 by Ginny

Arthur Herman, often referred to here, describes in Commentary the context of the pursuit of Scooter Libby. I am curious about how those more knowledgeable than I see the article.

But, aside from his central argument, I was struck by the remarkable picture with which he closes.

On October 11, 2003, when the media witch hunt in the Plame case was at its height, there was a Cabinet meeting at the White House. When reporters were invited in to ask Bush a question about the investigation, Bush said he wanted anyone in his government who knew who had leaked Plame’s name to speak up. Sitting a couple of chairs away was Richard Armitage, the man who had done it. Sitting beside the president was Colin Powell, to whom Armitage had confessed days earlier.

They said nothing—and kept silent for three long years. By the time Armitage admitted publicly that he had been the leaker in September 2006, Patrick Fitzgerald’s monstrously successful and spectacularly dishonest war on Scooter Libby’s job, reputation, finances, and legal innocence was well on its way to its morally depraved triumph.

The Energy Crisis in Africa.

May 3, 2015 by Michael Kennedy

This is a powerful piece on the cost of environmental extremism to the world’s poor.

The soaring [food] prices were actually exacerbated (as the Food and Agriculture Organisation of the UN confirmed) by the diversion of much of the world’s farmland into making motor fuel, in the form of ethanol and biodiesel, for the rich to salve their green consciences. Climate policies were probably a greater contributor to the Arab Spring than climate change itself.

The use of ethanol in motor fuels is an irrational response to “green propaganda. The energy density of biofuel, as ethanol additives are called, is low resulting in the use of more and more ethanol and less and less arable land for food.

Without abundant fuel and power, prosperity is impossible: workers cannot amplify their productivity, doctors cannot preserve vaccines, students cannot learn after dark, goods cannot get to market. Nearly 700 million Africans rely mainly on wood or dung to cook and heat with, and 600 million have no access to electric light. Britain with 60 million people has nearly as much electricity-generating capacity as the whole of sub-Saharan Africa, minus South Africa, with 800 million.

South Africa is quickly destroying its electricity potential with idiotic racist policies.

Just to get sub-Saharan electricity consumption up to the levels of South Africa or Bulgaria would mean adding about 1,000 gigawatts of capacity, the installation of which would cost at least £1 trillion. Yet the greens want Africans to hold back on the cheapest form of power: fossil fuels. In 2013 Ed Davey, the energy secretary, announced that British taxpayers will no longer fund coal-fired power stations in developing countries, and that he would put pressure on development banks to ensure that their funding policies rule out coal. (I declare a commercial interest in coal in Northumberland.)
In the same year the US passed a bill prohibiting the Overseas Private Investment Corporation — a federal agency responsible for underwriting American companies that invest in developing countries — from investing in energy projects that involve fossil fuels.