A Simple Lesson in Economics

Slavery was abolished, right? Not really…….it was just made less cruel.Business

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Two Reasons for Public Ignorance

As I see it, there are two reasons why so many in the general public comes across as “low-information”, often appearing to ignore or even deny what seems clear to those who are more knowledgeable.

First, many of us have what I call an ahistorical view. This means that if  you were born in a certain year, like 1969 in my case, anything that happened before that is irrelevant to you and may be ignored. That is why you see so many white people argue, “I had nothing to do with slavery before the Civil War! Don’t blame me for that!” Or, “I did not kill all those Native Americans back then and take their land, it’s not my responsibility for them now!” See this earlier blog entry for an expression of that ignorance by an actual celebrity:

https://dalehusband.com/2015/05/13/john-wayne-great-actor-terrible-human-being/

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This corporate backstabber belongs in PRISON!

Read this outrageous story (emphasis mine):

http://www.rawstory.com/2016/08/epipen-makers-stock-value-plunges-nearly-3-billion-as-investors-panic/

EpiPen maker’s stock value plunges nearly $3 billion as investors panic

Mylan CEO Heather Bresch speaks to Fortune's Most Powerful Women summit in 2015 (Screen capture)

Another Conservative gets caught lying

Read this silly article on a right-wing propaganda website. The article itself will be in red and my direct responses will be in blue  .

http://www.yesimright.com/heres-the-hilarious-difference-between-donald-trump-and-hillary-clinton/

Although we do try to report on hard-hitting issues, we’re not above a few good laughs at the expense of far-left nutjobs like Hillary Clinton. Here’s an amazing anecdote about the difference between a conservative and liberal, attributed to Jim Spivey on Facebook.

Right from the start, this writer starts misrepresenting one of her political opponents. Hillary, like her husband Bill, is not far-left.  She is actually a fairly conservative Democrat. It is Bernie Sanders, who is also running as a Democrat for the Presidency, who can be called a “far-left nutjob” because he professes to be a democratic SOCIALIST. Yet he seems to have far more integrity than most other politicians, including Hillary herself. 

It sums everything up perfectly:

Donald Trump and Hillary Clinton were walking down the street when they came to a homeless person. Trump gave the homeless person his business card and told him to come to his office for a job. He then took $20 out of his pocket and gave it to the homeless person.

Uh, NO! Usually when you fill out a job application, you must state your home address, thus preventing a homeless person from getting a job anywhere. This is exactly why being homeless is such a terrible trap!

Hillary was very impressed, so when they came to another homeless person, she decided to help. She walked over to the homeless person and gave him directions to the welfare office. She then reached into Trump’s pocket and got out $20. She kept $15 for her administrative fees and gave the homeless person $5.00.

Welfare offices DO serve homeless people in ways that private industry does not. And the implication here is that liberals must “steal” from the rich in order to give away money and other gifts to the poor. But that is a lie on several levels: First, taxation by legal definition is NOT and can never be theft. Second, government officials must eat too, so they do have to be paid for their services.  Or would you rather try to live without them and rely only on for-profit businesses for all your services?  You will end up even poorer as a result! And why would the writer say $15 for administrative fees and not a more reasonable amount like $5?  For hyperbole, of course. Note to right-wingers:  Private industry MUST make a profit to function, while governments do not!

Now, do you understand the difference between a Conservative and a Liberal progressive?

No, but I know a bigoted LIAR when I see one! Of course, the incident never happened anyway!

The coming downfall of Wal-Mart

Seeing this news story made me laugh.

http://www.fool.com/investing/general/2015/05/25/the-most-hated-company-in-the-retail-industry.aspx

The most hated companies in America have a knack for angering people. Whether it’s due to inept management, subpar products, poor service, or lackluster stock performance, these businesses earn the wrath of customers, employees, and shareholders alike.
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Pie charts and privilege.

The basic conflict between conservatives and liberals can be illustrated by the following pie charts.

In the first, we see a typical arrangement in which a certain class that is privileged gets most of what they want, leaving only a little for members of a non-privileged class.

PieOne A truly just society, one that liberals would favor, would have an arrangement like this:

PieTwoBut this would cause the formerly privileged group to have less, which would go against their interests. But what if we could enlarge the amount of resources so that everyone could have more?

PieThreeSounds ideal, no? But conservatism depends on social inequality, so instead they might push for THIS instead!

PieFourIt does not matter how large or how small the pie is, as long as a privileged class gets most of it, period!

Maybe that explains this:  https://dalehusband.com/2009/07/13/the-absurd-scam-of-reaganomics/