Socialism in Action
…University of Massachusetts Dartmouth Professor Jack Stauder says his political and ideological conversion away from socialism and Marxism occurred when he actually witnessed these systems in action.
After traveling to more than 110 countries to pursue various forms of research, notably cultural anthropology, Stauder described his conversion from Marxism as a process of disillusionment.…
…Because of acute shortages, people can't find basics like toilet paper. Now, it will be harder to make overseas calls or watch pay TV.
The problem is this: the global drop in oil prices has made dollars much more scarce in Venezuela -- which is dependent almost totally on petroleum for hard currency. So local telecoms companies don't have greenbacks to pay international suppliers.…
…What we have this morning is no longer the Venezuela story you thought you understood.
Throughout last night, panicked people told their stories of state-sponsored paramilitaries on motorcycles roaming middle class neighborhoods, shooting at people and storming into apartment buildings, shooting at anyone who seemed like he might be protesting.
People continue to be arrested merely for protesting, and a long established local Human Rights NGO makes an urgent plea for an investigation into widespread reports of torture of detainees. There are now dozens of serious human right abuses: National Guardsmen shooting tear gas canisters directly into residential buildings. We have videos of soldiers shooting civilians on the street.…
The US spends more than 17 times that of socialist China on social programs!…
New districts like Kangbashi are springing up across China as the world's second-largest economy undergoes an unprecedented urbanisation process with hundreds of millions of people heading to fast-growing metropolitan areas. Ordos is part of a nationwide building boom that has been fuelled by a massive credit binge, raising fears of a real estate bubble and a potential explosion in bad debts, especially among local government investment vehicles.
In China today, according to American Enterprise Institute demographer Nicholas Eberstadt, there are about 123 male children for every 100 females up to the age of 4, a far higher imbalance than 50 years ago, when the figure was 106. In Jiangxi, Guangdong, Hainan, and Anhui provinces, baby boys outnumber baby girls by 30 percent or more. This means that by the time today's Chinese newborns reach adulthood, there will be a chronic shortage of potential spouses. According to the Chinese Academy of Social Sciences, one in five young men will be brideless. Within the age group 20 to 39, there will be 22 million more men than women. Imagine 10 cities the size of Houston populated exclusively by young males. The question left open by economists is what the consequences will be of such a large surplus of young men. History offers a disquieting answer.
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