Lately, the terms capitalism and socialism have been flying through the social ether, typically inappropriately or as misinterpretations, but mostly as perjoratives. To opponents, capitalism is considered greed-driven and heartless, socialism is seen as autocratic and ineffective. As many have pointed out, it is typical to use the term socialism mistakenly to attack social welfare projects (such as the New Deal), while capitalism wrongly stands in as a metaphor for human behavior (as if socialists aren’t greedy).
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Many of the people attacked as socialists are nothing like them: Barack Obama and Joe Biden have shown no particular tendency towards socialism, and many of the proposals coming from Progressive Democrats are merely about social welfare programs, such as pre-K schooling and child income credits. Unlike the 1970s, no one (nobody serious, I think) is suggesting nationalizing the oil industry or utilities, or that the government build electric cars. Which isn’t to say that much of the Biden plan and the Progressives’ Green New Deal is arguably inefficient if not horribly wasteful (money to the wealthy to buy electric sports cars?), but that doesn’t make it socialism.
Similarly, the taint of capitalism seems to stick to its products in the minds of many Americans. Yesterday’s New York Times Magazine
NYT
had an excellent article on the opposition to genetically modified organisms, which noted that the early products met opposition partly because they came from a large corporation, as if the molecules involved had a homeopathic signature of ‘corporate’ versus ‘non-profit’. And while it is true that corporations and businesses seek money and profits, those in the public sector have their own incentives that can lead them astray, as when some Veterans’ Administration doctors fiddled with records to improve their performance metrics.
Name-calling is popular in today’s angry tribal politics but not useful. If you think pre-K schooling is ineffective or too expensive, say so, don’t call it socialism. If you think that people use too much energy, don’t blame the private sector, blame the consumers.
The oil industry provides many examples of the difference between socialist and capitalist policies. There have been a wide number of national oil companies over the years, and their performance tends to be highly varied, partly reflecting a policy in some places of what the late John Treat called ‘commercialization’. That is, even if a company is owned by the government, it can still behave more like a private company than a bureaucracy.
The arguments for relying on state mineral enterprises, specifically national oil companies, are that they are more attuned to society’s conditions and needs, they allow the government to monitor resource exploitation, and they can have lower borrowing costs, being government entities. The arguments against include excessive autonomy (Petroleos de Venezuela—PDVSA—was often called a state within a state), inefficiency, and corruption. The middle approach, regulated capitalism, has generally worked the best.
A free market ideology can go too far. A colleague once told me the World Bank asked for a study of the petroleum market in Chad, which they thought should be privatized to improve competition. Given that the domestic oil market at that time was 10 tb/d, he could not foresee privatization leading to anything but monopoly. (As BP’s Peter Davies once said, “Monopolies are terrible, unless they’re yours.”)
On the other hand, socialist countries are littered with failing enterprises that government bureaucrats pushed as transformative for their economies. The poster child could be (again) Petroleos de Venezuela) which took over the expiring concessions of several foreign companies’ operations in the 1970s. Twenty years later, an executive commented to me that his subsidiary produced one-half of the amount of oil before nationalization, but had twice the employees. (He didn’t think that was a good thing.)
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Sadly, many have forgotten that it was Venezuelan President Rafael Caldera who, after initially implementing currency and price controls, liberalized the economy and especially the oil sector. A number of private operators bid on and revitalized aging oil fields, raising production over 1 mb/d, which was partly responsible for the 1998 oil price collapse. Subsequently, Hugo Chavez sought to restore the power of the state over not just private operators but PDVSA, resulting in a strike and the firing of half the company’s work force (including most executives and skilled workers). Production has since steadily declined until it is now minimal, as the state can’t pay workers, many of the managers are inexperienced (and hired for loyalty rather than expertise), and untold amounts of money are unaccounted for, justifying the argument that it’s not socialism, but kleptocracy, at fault. (Both, obviously.)
Sadly, the Chavez regime emulated a predecessor, Carlos Andres Perez, president during the 1970s oil boom, in both attitude and policies, despite their earlier abysmal failures. And Mexico’s President, Andres Manuel Lopez Obrador, is doubling down on the mistakes of Perez and Chavez, taking a strict ideological stance favoring state enterprise over private, and blaming all the failures of Petroleos de Mexicanos (Pemex) on his predecessors’ reforms, even though they had only been recently implemented. Even sadder, when a consortium of private companies found a large oil field, he has moved to assert state control over its operation, which will chill the investment climate for years to come.
The biggest crime is that this all harks back to Plato, who queried, “Who will watch the watchers?” That we haven’t solved that problem is visible in the need for police reform in many U.S. cities, but also the failure to recognize that neither the public nor the private sector can be completely trusted to act as we wish. No regulation is not a viable condition, but over-regulation can be costly as well, and both private and public sectors suffer from it. (Think of the postal worker disciplined for leaving their route—to save someone from a fire.) Both capitalists and socialists (or those presuming to be such) should recognize that ideology is a good teacher, but a bad master, and try harder to deal with real world problems in a cost-effective way.
NEW YORK (AP) — In a new video posted early Election Day, Beyoncé channels Pamela Anderson in the television program “Baywatch” – red one-piece swimsuit and all – and asks viewers to vote.
In the two-and-a-half-minute clip, set to most of “Bodyguard,” a four-minute cut from her 2024 country album “Cowboy Carter,” Beyoncé cosplays as Anderson’s character before concluding with a simple message, written in white text: “Happy Beylloween,” followed by “Vote.”
At a rally for Donald Trump in Pittsburgh on Monday night, the former president spoke dismissively about Beyoncé’s appearance at a Kamala Harris rally in Houston in October, drawing boos for the megastar from his supporters.
“Beyoncé would come in. Everyone’s expecting a couple of songs. There were no songs. There was no happiness,” Trump said.
She did not perform — unlike in 2016, when she performed at a presidential campaign rally for Hillary Clinton in Cleveland – but she endorsed Harris and gave a moving speech, initially joined onstage by her Destiny’s Child bandmate Kelly Rowland.
“I’m not here as a celebrity, I’m not here as a politician. I’m here as a mother,” Beyoncé said.
“A mother who cares deeply about the world my children and all of our children live in, a world where we have the freedom to control our bodies, a world where we’re not divided,” she said at the rally in Houston, her hometown.
“Imagine our daughters growing up seeing what’s possible with no ceilings, no limitations,” she continued. “We must vote, and we need you.”
Harris used the song in July during her first official public appearance as a presidential candidate at her campaign headquarters in Delaware. That same month, Beyoncé’s mother, Tina Knowles, publicly endorsed Harris for president.
Beyoncé gave permission to Harris to use the song, a campaign official who was granted anonymity to discuss private campaign operations confirmed to The Associated Press.
Outside of sports and a “Cold front coming down from Canada,” American news media only report on Canadian events that they believe are, or will be, influential to the US. Therefore, when Justin Trudeau’s announcement, having finally read the room, that Canada will be reducing the number of permanent residents admitted by more than 20 percent and temporary residents like skilled workers and college students will be cut by more than half made news south of the border, I knew the American media felt Trudeau’s about-face on immigration was newsworthy because many Americans would relate to Trudeau realizing Canada was accepting more immigrants than it could manage and are hoping their next POTUS will follow Trudeau’s playbook.
Canada, with lots of space and lacking convenient geographical ways for illegal immigrants to enter the country, though still many do, has a global reputation for being incredibly accepting of immigrants. On the surface, Montreal, Toronto, and Vancouver appear to be multicultural havens. However, as the saying goes, “Too much of a good thing is never good,” resulting in a sharp rise in anti-immigrant sentiment, which you can almost taste in the air. A growing number of Canadians, regardless of their political affiliation, are blaming recent immigrants for causing the housing affordability crises, inflation, rise in crime and unemployment/stagnant wages.
Throughout history, populations have engulfed themselves in a tribal frenzy, a psychological state where people identify strongly with their own group, often leading to a ‘us versus them’ mentality. This has led to quick shifts from complacency to panic and finger-pointing at groups outside their tribe, a phenomenon that is not unique to any particular culture or time period.
My take on why the American news media found Trudeau’s blatantly obvious attempt to save his political career, balancing appeasement between the pitchfork crowd, who want a halt to immigration until Canada gets its house in order, and immigrant voters, who traditionally vote Liberal, newsworthy; the American news media, as do I, believe immigration fatigue is why Kamala Harris is going to lose on November 5th.
Because they frequently get the outcome wrong, I don’t take polls seriously. According to polls in 2014, Tim Hudak’s Progressive Conservatives and Kathleen Wynne’s Liberals were in a dead heat in Ontario, yet Wynne won with more than twice as many seats. In the 2018 Quebec election, most polls had the Coalition Avenir Québec with a 1-to-5-point lead over the governing Liberals. The result: The Coalition Avenir Québec enjoyed a landslide victory, winning 74 of 125 seats. Then there’s how the 2016 US election polls showing Donald Trump didn’t have a chance of winning against Hillary Clinton were ridiculously way off, highlighting the importance of the election day poll and, applicable in this election as it was in 2016, not to discount ‘shy Trump supporters;’ voters who support Trump but are hesitant to express their views publicly due to social or political pressure.
My distrust in polls aside, polls indicate Harris is leading by a few points. One would think that Trump’s many over-the-top shenanigans, which would be entertaining were he not the POTUS or again seeking the Oval Office, would have him far down in the polls. Trump is toe-to-toe with Harris in the polls because his approach to the economy—middle-class Americans are nostalgic for the relatively strong economic performance during Trump’s first three years in office—and immigration, which Americans are hyper-focused on right now, appeals to many Americans. In his quest to win votes, Trump is doing what anyone seeking political office needs to do: telling the people what they want to hear, strategically using populism—populism that serves your best interests is good populism—to evoke emotional responses. Harris isn’t doing herself any favours, nor moving voters, by going the “But, but… the orange man is bad!” route, while Trump cultivates support from “weird” marginal voting groups.
To Harris’s credit, things could have fallen apart when Biden abruptly stepped aside. Instead, Harris quickly clinched the nomination and had a strong first few weeks, erasing the deficit Biden had given her. The Democratic convention was a success, as was her acceptance speech. Her performance at the September 10th debate with Donald Trump was first-rate.
Harris’ Achilles heel is she’s now making promises she could have made and implemented while VP, making immigration and the economy Harris’ liabilities, especially since she’s been sitting next to Biden, watching the US turn into the circus it has become. These liabilities, basically her only liabilities, negate her stance on abortion, democracy, healthcare, a long-winning issue for Democrats, and Trump’s character. All Harris has offered voters is “feel-good vibes” over substance. In contrast, Trump offers the tangible political tornado (read: steamroll the problems Americans are facing) many Americans seek. With Trump, there’s no doubt that change, admittedly in a messy fashion, will happen. If enough Americans believe the changes he’ll implement will benefit them and their country…
The case against Harris on immigration, at a time when there’s a huge global backlash to immigration, even as the American news media are pointing out, in famously immigrant-friendly Canada, is relatively straightforward: During the first three years of the Biden-Harris administration, illegal Southern border crossings increased significantly.
The words illegal immigration, to put it mildly, irks most Americans. On the legal immigration front, according to Forbes, most billion-dollar startups were founded by immigrants. Google, Microsoft, and Oracle, to name three, have immigrants as CEOs. Immigrants, with tech skills and an entrepreneurial thirst, have kept America leading the world. I like to think that Americans and Canadians understand the best immigration policy is to strategically let enough of these immigrants in who’ll increase GDP and tax base and not rely on social programs. In other words, Americans and Canadians, and arguably citizens of European countries, expect their governments to be more strategic about immigration.
The days of the words on a bronze plaque mounted inside the Statue of Liberty pedestal’s lower level, “Give me your tired, your poor, your huddled masses yearning to breathe free…” are no longer tolerated. Americans only want immigrants who’ll benefit America.
Does Trump demagogue the immigration issue with xenophobic and racist tropes, many of which are outright lies, such as claiming Haitian immigrants in Ohio are abducting and eating pets? Absolutely. However, such unhinged talk signals to Americans who are worried about the steady influx of illegal immigrants into their country that Trump can handle immigration so that it’s beneficial to the country as opposed to being an issue of economic stress.
In many ways, if polls are to be believed, Harris is paying the price for Biden and her lax policies early in their term. Yes, stimulus spending quickly rebuilt the job market, but at the cost of higher inflation. Loosen border policies at a time when anti-immigrant sentiment was increasing was a gross miscalculation, much like Trudeau’s immigration quota increase, and Biden indulging himself in running for re-election should never have happened.
If Trump wins, Democrats will proclaim that everyone is sexist, racist and misogynous, not to mention a likely White Supremacist, and for good measure, they’ll beat the “voter suppression” button. If Harris wins, Trump supporters will repeat voter fraud—since July, Elon Musk has tweeted on Twitter at least 22 times about voters being “imported” from abroad—being widespread.
Regardless of who wins tomorrow, Americans need to cool down; and give the divisive rhetoric a long overdue break. The right to an opinion belongs to everyone. Someone whose opinion differs from yours is not by default sexist, racist, a fascist or anything else; they simply disagree with you. Americans adopting the respectful mindset to agree to disagree would be the best thing they could do for the United States of America.
PHOENIX (AP) — Robert F. Kennedy Jr., a prominent proponent of debunked public health claims whom Donald Trump has promised to put in charge of health initiatives, said Saturday that Trump would push to remove fluoride from drinking water on his first day in office if elected president.
Fluoride strengthens teeth and reduces cavities by replacing minerals lost during normal wear and tear, according to the U.S. Centers for Disease Control and Prevention. The addition of low levels of fluoride to drinking water has long been considered one of the greatest public health achievements of the last century.
Kennedy made the declaration Saturday on the social media platform X alongside a variety of claims about the heath effects of fluoride.
“On January 20, the Trump White House will advise all U.S. water systems to remove fluoride from public water,” Kennedy wrote. Trump and his wife, Melania Trump, “want to Make America Healthy Again,” he added, repeating a phrase Trump often uses and links to Kennedy.
Trump told NBC News on Sunday that he had not spoken to Kennedy about fluoride yet, “but it sounds OK to me. You know it’s possible.”
The former president declined to say whether he would seek a Cabinet role for Kennedy, a job that would require Senate confirmation, but added, “He’s going to have a big role in the administration.”
Asked whether banning certain vaccines would be on the table, Trump said he would talk to Kennedy and others about that. Trump described Kennedy as “a very talented guy and has strong views.”
The sudden and unexpected weekend social media post evoked the chaotic policymaking that defined Trump’s White House tenure, when he would issue policy declarations on Twitter at virtually all hours. It also underscored the concerns many experts have about Kennedy, who has long promoted debunked theories about vaccine safety, having influence over U.S. public health.
In 1950, federal officials endorsed water fluoridation to prevent tooth decay, and continued to promote it even after fluoride toothpaste brands hit the market several years later. Though fluoride can come from a number of sources, drinking water is the main source for Americans, researchers say.
Officials lowered their recommendation for drinking water fluoride levels in 2015 to address a tooth condition called fluorosis, that can cause splotches on teeth and was becoming more common in U.S. kids.
In August, a federal agency determined “with moderate confidence” that there is a link between higher levels of fluoride exposure and lower IQ in kids. The National Toxicology Program based its conclusion on studies involving fluoride levels at about twice the recommended limit for drinking water.
A federal judge later cited that study in ordering the U.S. Environmental Protection Agency to further regulate fluoride in drinking water. U.S. District Judge Edward Chen cautioned that it’s not certain that the amount of fluoride typically added to water is causing lower IQ in kids, but he concluded that mounting research points to an unreasonable risk that it could be. He ordered the EPA to take steps to lower that risk, but didn’t say what those measures should be.
In his X post Saturday, Kennedy tagged Michael Connett, the lead attorney representing the plaintiff in that lawsuit, the environmental advocacy group Food & Water Watch.
Kennedy’s anti-vaccine organization has a lawsuit pending against news organizations including The Associated Press, accusing them of violating antitrust laws by taking action to identify misinformation, including about COVID-19 and COVID-19 vaccines. Kennedy is on leave from the group but is listed as one of its attorneys in the lawsuit.
What role Kennedy might hold if Trump wins on Tuesday remains unclear. Kennedy recently told NewsNation that Trump asked him to “reorganize” agencies including the U.S. Centers for Disease Control and Prevention, the National Institutes of Health, the Food and Drug Administration and some agencies under the Department of Agriculture.
But for now, the former independent presidential candidate has become one of Trump’s top surrogates. Trump frequently mentions having the support of Kennedy, a scion of a Democratic dynasty and the son of former Attorney General Robert Kennedy and nephew of President John F. Kennedy.
Kennedy traveled with Trump Friday and spoke at his rallies in Michigan and Wisconsin.
Trump said Saturday that he told Kennedy: “You can work on food, you can work on anything you want” except oil policy.
“He wants health, he wants women’s health, he wants men’s health, he wants kids, he wants everything,” Trump added.
