HOLY CRAP! I did not know that. If you crunch the numbers, that means that solar requires 96 TIMES as many people per unit of power compared to fossil fuels to produce only 1.3% of our national energy budget.
The term “opportunity cost” comes to mind.
Marx’s disciples from Cuba and Venezuela to South Africa and Zimbabwe are committing the same mistake today. Crazed by their ideological hatred of the free market, they refuse to see that capitalism has delivered what Marx had long desired—less work and higher income. Plus ça change…
Marian L. Tupy, fee.org
As more people choose to get off of the sofa and rejoin the workforce, the unemployment number actually increased. Contrary to intuition, this is A GREAT THING!
This is just a tiny, arguably statically insignificant bump, but it is hopeful.
Contrary to what some politicians would have us believe, socializing something doesn’t make it free. It actually makes it more expensive since we must pay both for the thing and for the bureaucracy to administer the thing.
Antony Davies and James R. Harrigan: Rob Peter to pay Paul
Part of the reason it has taken a decade for the economy to recover from the Great Recession is that politicians have had too little respect for their ability to destroy jobs and too much faith in their ability to create them.
– Antony Davies and James R. Harrigan
If I have a right to freedom of speech, to privacy, or to the ownership of a house, everyone else has an obligation to respect it. But when I claim a “right” to “an income sufficient to live in dignity,” whether I am willing to work for it or not, what I am really claiming is a right to part of somebody else’s earned income. What I am asserting is that he has a duty to earn more than he needs or wants to live on so that the surplus may be seized from him and turned over to me to live on.
Henry Hazlitt, “Income Without Work”
You can slather as much jargon-laded intellectual make-up as you wish upon tariffs such as the one that the U.S. government just imposed on Americans who buy aircraft assembled in Canada. Underneath the make-up is a predatory pig – a vile beast just as hideous, just as vicious, and just as destructive with the make-up as without it.
Theory: Government exists to protect it citizens from being preyed upon by those who would greedily use force or fraud to further their own well-being at the larger expense of the People.
Practice: Government uses force and fraud to prey upon its citizens in order to serve those who greedily seek to further their own well-being at the larger expense of the People.
Kernaghan and other first world union members pretend to take up the cause of poor workers but the policies they advocate would actually make those very workers worse off.
This is what I call the Goodbye Lenin Delusion, the idea that socialism could have turned out completely differently. It could not, and it never will anywhere, no matter how often we insist on trying.
Foreign aid transfers money from poor people in rich countries to rich people in poor countries.
Paraphrase: Matt Riddly
How Can Sweatshops Help The Poor Escape Poverty?