Category Archives: Socialism

Peter Schiff to OWS: “I Am the 1% Let’s Talk”

Here’s a very fascinating video taken at New York’s Zuccotti Park where Peter Schiff has a dialogue with some of the Occupy Wall Street protesters. Schiff brought a sign that read “I Am the 1% Let’s Talk,” and talk they did.

One of the things that occurred to me watching this was how little true discussion is going on between the OWS movement and their critics. Notice how some of the protesters say things like “you rich people” or “you Republicans” etc. Just as its unfair for these protesters to lump everyone into these groups is a mistake, I think it’s also a mistake to assume that all of these protesters are clueless and don’t have some legitimate grievances.

Kudos to Peter Schiff for going out among the protesters and having this much needed conversation. There seems to be some common ground concerning these grievances; the real differences are what the solutions should be.

Quote of the Day: Wet Blanket Edition

President Obama and his sycophant Keynesian friends in the MSM can’t quite figure out why his policies haven’t improved the economy. Maybe President Obama should listen to an actual job creator, Steve Wynn to get some clue about why businesses aren’t expanding.

Here is an excerpt from Wynn from a recent conference call where he describes Obama’s policies as “the greatest wet blanket to business, and progress and job creation in my lifetime.”

[Partial transcript, Wynn responding to a question during the Q&A portion of the conference call]

“Well, here’s our problem. There are a host of opportunities for expansion in Las Vegas, a host of opportunities to create tens of thousands of jobs in Las Vegas. I know that I could do 10,000 more myself and according to the Chamber of Commerce and the Visitors Convention Bureau, if we hired 10,000 employees, it would create another 20,000 additional jobs for a grand total of 30,000 […] And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems — that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They’ll say, “Oh God, don’t be attacking Obama.” Well, this is Obama’s deal, and it’s Obama that’s responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that don’t invest or holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government, and there’s no need to soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.

Will Individualized Medicine Increase Health Inequality?

Ezra Klein has a rather thought-provoking post today about human genome sequencing and its ability to allow doctors to better-tailor treatment to the specific needs of an individual patient. It presents a phenomenal opportunity to both make medicine more effective, and IMHO to make it cheaper by spending less time and energy on substandard treatments. Ezra raised a different point, though, and I think makes a logical error that warrants further discussion:

If that’s the path that medical advances ultimately take, one byproduct will be an immense explosion in health inequality. Right now, health inequality, though significant, is moderated by the fact that the marginal treatments that someone with unlimited resources can access simply don’t work that much better than the treatments someone with more modest means can access. In some cases, they’re significantly worse. In most cases, they’re pretty similar, and often literally the same.

But as those treatments begin to work better, and as we develop the ability to tailor treatments to individuals, we should expect that someone who can pay for the best treatments for their particular DNA sequences to achieve far better health-care outcomes than someone who can’t afford the best treatments and has to settle for general therapies rather than individualized medicine.

I believe Ezra makes assumes the premise that the “best” treatments are also the most expensive treatments. I believe this to be unsupported by evidence.

Suppose 10 different people all happen to have the same malady. To use a common one, let’s say that the malady is hypertension. Multiple drugs today exist for the treatment of hypertension. Some of them may be specific variants (branded or generic) of medications all within a specific class, but often multiple classes of drugs may be used to treat hypertension. Those multiple classes will affect different people in different ways, but my guess is that a typical doctor will offer a “standard” treatment regimen for hypertension and only deviate from that standard if something doesn’t appear to be effective. What’s further important to note is that different doctors may have different “standard” regimen, based on their own experience rather than exact current medical literature.

What the idea of genome sequencing may bring to the table is that medical research can form stronger predictions of a particular person’s response to certain medicines based upon their specific genes, and it is easier to tailor the treatment to the patient. This doesn’t mean that the rich person’s treatment will be more expensive than a poor person’s, but it does mean that someone who has genome sequencing will likely have more effective treatment than someone who does not. What it also means is that someone who has genome sequencing may actually have less expensive medical treatment than someone without, as less effort and dollars can be used adding treatments that are statistically likely to be ineffective.

And herein lies the rub. Will a rich person have better access to genome sequencing than a poor person? Not if we have Ezra’s wet dream: government socialized health care. Once effectiveness at reducing costs is shown, government in its awesome authoritarian-ness will undoubtedly use the desire for cost-cutting in medical treatment to demand genome sequencing of anyone participating in Obamacare. Sure, we civil libertarians will soundly object to government getting access to everyone’s DNA, but I’m sure they’ll tell us, much like they do with the TSA pornoscanners and told us with our social security numbers, that there’s NO CHANCE the genome information will ever be used for anything other than our medical care, and will be completely confidential. And since nobody listens to us civil libertarians today, they’ll get it done.

If Ezra looks at the potential from this angle, I think he’d change his tune. If he sees genome sequencing as a potential cost-cutting measure, rather than an inequality-increasing measure, I’m sure he’d actually push for wider adoption of it. And like any government authoritarian impulse, if something is good [and if we’re paying for it with tax dollars], we might as well make it mandatory, right?

Lessons from Atlas Shrugged

Turned on the news recently? It seems the looters (i.e. collectivists) are everywhere and more active than ever. The big story over recent weeks of course has been the special interest government employee union looters in Wisconsin who call themselves “ the working people” who say they have a “human right” to collective bargaining. Meanwhile in Georgia, college and high school students are protesting reforms to the HOPE scholarship that would require higher GPAs to qualify. As in most states, Georgia is in a financial bind and is looking for budget cuts. Due to the high number of students qualifying for these scholarships, some Georgia lawmakers say that there isn’t enough money* to continue to fund it because of rising education costs. Never mind that though, according to some of these protesters, the State of Georgia has “no right” to “take away” these scholarships for those who can’t quite meet the stricter GPA requirements. In both of the above cases, lawmakers bestowed benefits via wealth redistribution to certain people; these people then started referring to these benefits as “entitlements,” “rights,” and even “human rights.”

Then there is Michael Moore, the real life Ellsworth Toohey of our time, with his usual Socialistic tripe explaining that money is a “national resource” and jobs are “collectively owned” by the workers. Click here if you care to hear it.

As if none of this was enough, NFL officials have decided to rename the proposed “Industry Stadium” in Los Angeles to “Grand Crossing” because the word “industry” has a “negative connotation” to it. Apparently the word “industry” can be added to the word “profit” as dirty words in the lexicon of our increasingly collectivist culture.

After all of this, I needed to find something to remind me that there still are sane people in this country who haven’t bought into the collectivist mentality. The video below is the winning entry from a “Atlas Shrugged” video contest.

I’m seriously thinking about looking for a “Galt/Roark 2012” bumper sticker for my vehicle. It’s time for those who value the concept of the individual to be heard.

*The HOPE scholarship’s only source of funds is the Georgia Lottery and my original point that HOPE was an example of wealth redistribution was in error. I continue to stand by my overall point I was making about the entitlement mentality on the part of some of the protesters, however.

Comment of the Day: “Education” Edition

Re: “Don’t Forget Your Homework…or Your Miranda Card”

Liberalism in the United States has, over the past forty years, been usurped by the socialist agenda. Our public schools are little more than indoctrination camps for the pacification of future generations.

At the same time, conservatism in the United States has been usurped by war-hawks and fundamentalist christians. Our funding for education has been marginalized, contributing to the growth of the socialist mind-set among educators and educational administrators, as well as contributing to the general ignorance of the populace concerning historical precedent for current affairs, and critical analysis of future prospects for avoiding past mistakes.

They simply do not have the funds to broaden educational horizons for students, and due to the changes in both liberalism and conservatism, have instead created lock-down facilities much like concentration camps which institutionally discourage free thought, free discourse and the development of critical thinking skills.

The continuation of this trend will erode what little is left of truly American society, turning us into a nation of frightened chattel animals whose sole purpose will be to provide revenue and labor for a totalitarian state, and predatory industry owned by the wealthy few, whose political machinations are directly contributing to this end.

Comment by Ken — February 25, 2011 @ 8:48 am

While I don’t agree entirely* with Ken’s comment, he does raise some interesting points. There certainly is a collectivist mindset that is pervasive in our culture on the Left and the Right and I think Ken has successfully identified them.

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