Socialism cannot compete!

Dow Remains Resilient Despite Calls for a Correction

I would also note that Big Government is gaining at the expense of capitalism and Main Street. When you cite Wall Street gaining, that's not really true -- keep in mind that corporations are a dichotomy: a few at the top really gain from this propping-up and pillaging of the people; but the bulk of those who work at corporations are middle-class, and are worse off for what is happening, the same as are working-class folks in small businesses. Big Government is the one thing that keeps grabbing more power and a bigger share of the financial pie no matter what. Until we limit the role of government in our lives, the average worker will not be able to keep more of what they earn!


On Nov 10 01:27 PM chris coonan wrote:

> Sorry, Wall Street is gaining at the expense of Main Street, so my
> forecasts are down from here.

Dow Remains Resilient Despite Calls for a Correction

"...our sense is that economist Joseph Schumpeter’s notion of “creative destruction” will play once again. One can actually see it at work as labor and capital are moving from dying industries to growing industries like electric cars, biotechnology, green companies, infrastructure, etc."

Heh. Creative destruction of what and by whom??? That is the question! The socialists currently in power are creatively destroying capitalism and Liberty in this land. The movement of labor and capital that you see are real...but these movements are not due to free markets allocating where the best opportunities are, but rather, to where these socialist thugs are forcing them to. That will *not* yield the same beneficial effect that free market "creative destruction" does -- instead, it will yield inefficiencies, misallocation (meaning disruptions to supply and demand) that result in shortages of some goods/services and excesses of others, and general lack of incentive among producers who are increasingly deprived of the natural market for their labors.