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Cake day: October 10th, 2024

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  • As a Rand and Mises loving capitalist myself, I’ve always thought the domino effect theory is all kinds of stupid, and could be seen as an admission of weakness by capitalist countries, & by capitalist philosophers and economists.

    Economic theory[1] suggests that a Communist country will fail economically - and that’s in the best case where Communism has very strong popular support. Probably what will happen - and indeed what has happened every place it’s tried - is some combination of economic failure, gulags, famine, mass murder, and eventual abandonment of Communism. Furthermore, intervention will give failing Communist regimes an excuse for their failures.

    So why intervene? Intervention / war is not in the interests of the US or her allies; it’s just another form of colonialism; it’s very expensive; and if the US is right about the evils of Communism[2], the world will pretty quickly see how poorly it performs.

    The answer of course is cronyism and corporatism 🤮

    [1] The ones I agree with, anyhow 😉

    [2] And I think it is.







  • Or progress back to it … modern corporatism is a long way from the rights-respecting free trade that was originally meant by capitalism.

    Ludwig von Mises of the Austrian school of economics, writing in the 1920s …

    No chapter of history is steeped further in blood than the history of colonialism. Blood was shed uselessly and senselessly. Flourishing lands were laid to waste; whole peoples destroyed and exterminated. All this can in no way be extenuated or justified. The dominion of Europeans in Africa and in important parts of Asia is absolute. It stands in the sharpest contrast to all the principles of liberalism and democracy, and there can be no doubt that we must strive for its abolition. The only question is how the elimination of this intolerable condition can be accomplished in the least harmful way possible.