Archives For economic policy

The salient question should never have been who to blame for blacks’ predicament, but who is able to fix it. If the problem were simply a lack of cash, then the government would be the ideal candidate. But if we learned anything from the explosion of violent crime and single motherhood following welfare expansion in the late 1960s, it was that cash transfers cannot solve a problem that the absence of cash didn’t cause. Herein lies one of the many issues with reparations: it would not address the root causes of black underachievement. Fans of the concept should ask themselves: what will happen the day after reparations are paid, when black students still spend less time on homework than their white peers, blacks are still making poor financial decisions, and two out of every three black kids are still living in single-parent homes? On that day, I’d hope to see progressive scholars acknowledge that they had been asking the wrong question for 50 years. But I would not be shocked to hear them insist that, if only the reparations checks had been a bit larger, black America’s problems would have been solved.

https://quillette.com/2018/07/19/black-american-culture-and-the-racial-wealth-gap/

Advertisements

In 1278 the King of England came up with a new plan to raise money and land, as leaders are fond of doing. Certain that historic privileges had been usurped by uppity subjects, King Edward sent royal officers around to prominent individuals demanding by what legal right – quo warranto – they held their honours. However when Edward’s men arrived at the home of one John de Warenne, Earl of Surrey, the ageing aristocrat pulled out his rusty sword and proclaimed: “My ancestors came with William the Bastard, and conquered their lands with the sword, and I will defend them with the sword against anyone wishing to seize them.”

https://capx.co/how-capitalism-tamed-medieval-europe/

According to the latest survey from the Victims of Communism Memorial Foundation, a D.C.-based nonprofit, one in two U.S. millennials say they would rather live in a socialist or communist country than a capitalist democracy.

What’s more, 22% of them have a favorable view of Karl Marx and a surprising number see Joseph Stalin and Kim Jong Un as “heroes.”

 

The survey, which was conducted by research and data firm YouGov, found that millennials are the least knowledgable generation on the subject, with 71% failing to identify the proper definition of communism.

https://www.marketwatch.com/story/millennials-communism-sounds-pretty-chill-2017-11-01