Tuesday, May 20, 2008

Another socialist leader facing opposition

In another bold, Randian move, Santa Cruz, Bolivia's economic powerhouse, has voted for autonomy. The message to Bolivia's socialist president, Evo Morales, is clear: keep your hands off! (I wrote a small post dealing with the same issue two years ago.)

The thing is that socialists always need something to feed on. But shit hits the fan when - as a result of their thoughtless, well-meaning actions - they run out of victims (usually rich people). This can be prevented by not allowing socialists to feed on producers in the first place. Granting autonomy to cities and states is one way to inrease the autonomy of an individual. Maybe the Dutch in Flanders one day realize to get rid of their blood-sucking southern neighbors.

Btw, I have moved some of my blogging (in Finnish) to I'll keep the less civilized stuff here.

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Sunday, May 11, 2008

Socialists are just plain evil

How do you punish a university that wants to make education free for the poor? By taxing them:
Massachusetts legislators, demonstrating a growing resentment against the wealth of elite universities in tight economic times, are studying a plan to levy a 2.5% annual tax on the portion of college endowments that exceed $1 billion.
And all this because the state government has run out of other people's money. Here's a hint: either spend less or spend more efficiently.

Greg Mankiw suggests what would be almost an almost Randian move: move Harvard somewhere where legislators know to keep their hands off (not that such a place exists). The Economist argues that such a move might not be economically sound. Sound or not in the short run, letting politicians know their place is good for the economy in the long run.

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