Economics versus Politics and Pundits

"Capitalism" has been used to describe everything from literal fascism to laissez-faire, resulting in lazy conflation of the two disparate ideas by midwits. The term has no real use, regardless of definitions and context being made clear by people involved in serious discussions. After all, since every economic system involves capital, idiots will insist anything is capitalism. And when we have many apparently serious people insisting the dollar has value because government demands it in taxes, we have no hope of any real monetary analysis either.

I'd still like to hear your predictions.

Just remember Gresham's Law and spend the dollar while saving crypto and precious metals. Circulate the bad money, stockpile something better.

Subsidies sound ever so benevolent. No one wants to recognize how they alter the demand for the subsidized service, and thus drive up costs. It's similar to how people can recognize that price controls are destructive, yet demand minimum wages and maximum interest rates without noticing the fundamental cognitive dissonance at play.

And then there's the hyperfixation on corporate profits. Sure, they're a bunch of greedy bastards sucking on the teat of government, but they also see the rising costs of reinvestment necessary to stay in business. I guarantee that money will not sit idle in someone's Scrooge McDuck swimming pool. Everyone wants to talk about redistributing profits, but goes quiet when businesses take losses like most small and medium businesses did during COVID.

We're facing a time of transition and challenge. The old model that past generations followed isn't viable. We need new business models, new money, and a way to subvert the status quo.

I would suggest learning a trade. Auto repair, welding, construction, machining, plumbing, or whatever other blue-collar job suits his inclinations. There's a shortage of skilled labor these days, so the pay is good and the training costs are low. Whether the economy rebounds or falls into a recession, practical skills will serve when degree inflation leaves others struggling.

But we also may be seeing digital opportunities, so I don't want to discount programming, cringe crypto, robotics/automation, or other tech jobs. Maybe he should seek being a digital nomad for a while before deciding on something definite.

Joe Biden has been involved in politics longer than I have been alive, and has been personally responsible for many of the most repressive and destructive governmental overreaches of the past several decades including foreign war crimes, arbitrary prohibitions and irrationally punitive crime bills. There are not enough vile words in all the languages of Earth for him.

In comparison. RFK Jr. comes from a political dynasty from a bygone era steeped in some nostalgia and a lot of corruption, he's an economic illiterate, and tends to favor a nanny state, but he is apparently far less belligerent at home and abroad. Of the two, I could argue he is a lesser evil, but that does not mean he is not evil, and remains conjecture.

However, this is all a moot point because I also challenge the premises that we need political rulers or that democracy is a legitimate means of promoting people to power. Elections are the political manifestation of the false choice and bandwagon fallacies. Representation is a myth. None of these men have the virtue or reason to lead me, and neither I nor my neighbor have a right to impose a ruler upon the other without their consent.