Tuesday, April 19, 2005


RivrDog has some pretty scathing comments on Goldman Sachs -- saying that they were largely to blame for the 1929 stockmarket crash. He concludes that stockmarket investing is an unsafe destination for retirement funds and that real estate is a much better bet. I used to think that way myself and I still do own substantial real estate but seeing that my stockmarket investments (all in blue chips) have nearly doubled in value in the last 4 years, I am now much more positive about stocks. But I too would avoid any managed funds or stockbroker advice. There is far too much crookedness and self-serving there. Retirement savers should be allowed to invest in companies directly. If you invest in blue chips the few crashes will be greatly outnumbered by the gains. If GWB's retirement accounts ever become reality, the list of approved investments should be companies, not "funds".

A very graphic reminder here of what the Communist takeover of Cambodia led to.

Another defeat for socialism: It looks like the Airbus A380 superjumbo programme will be as big a loser for the European taxpayer as the Concorde was.

Theodore Dalrymple has a big essay on the degradation of the character of the British people that socialism has brought about: "Hayek thought he had observed an important change in the character of the British people, as a result both of their collectivist aspirations and of such collectivist measures as had already been legislated. He noted, for example, a shift in the locus of people's moral concern. Increasingly, it was the state of society or the world as a whole that engaged their moral passion, not their own conduct. "It is, however, more than doubtful whether a fifty years' approach towards collectivism has raised our moral standards, or whether the change has not rather been in the opposite direction," he wrote. "Though we are in the habit of priding ourselves on our more sensitive social conscience, it is by no means clear that this is justified by the practice of our individual conduct." In fact, "It may even be . . . that the passion for collective action is a way in which we now without compunction collectively indulge in that selfishness which as ind! ividuals we had learnt a little to restrain." Thus, to take a trifling instance, it is the duty of the city council to keep the streets clean; therefore my own conduct in this regard is morally irrelevant-which no doubt explains why so many young Britons now leave a trail of litter behind them wherever they go. If the streets are filthy, it is the council's fault"

Antisemitism among Leftist British academics: "Union delegates calling for a boycott of Israeli academics were condemned yesterday by the Board of Deputies of British Jews for damaging the Middle East peace process. Jon Benjamin, the director-general of the board, said that a boycott would create an extra obstacle to peace at a time when Israelis and Palestinians are building bridges. The motion is to be debated this week by the Association of University Teachers (AUT). Closer links with the Palestinians will also be debated. Mr Benjamin said: "A boycott of Israeli academics, and Israeli academics alone, has worrying signs of anti-Semitism".

Does this dummy realize that her "good deed" is going to get high-risk borrowers (which minorities often are) denied loans altogether? "Attorney General Peg Lautenschlager on Saturday called for changes to state law to allow her office to seek remedies for black and Latino car buyers who are charged higher rates than their white counterparts for auto loans from dealers in Wisconsin".

My latest quote on MARXWORDS shows that Marx approved of British rule over India.



That power only, not principles, is what matters to Leftist movers and shakers is perfectly shown by the 2004 Kerry campaign. They put up a man whose policies seemed to be 99% the same as George Bush's even though the Left have previously disagreed violently with those policies. "Whatever it takes" is their rule.

Leftist ideologues are phonies. For most of them all that they want is to sound good. They don't care about doing good. That's why they do so much harm. They don't really care what the results of their policies are as long as they are seen as having good intentions and can con "the masses" into giving them power.

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist"

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