Americans are once again interested in debating economic systems. The 2016 presidential candidacy of Bernie Sanders, a self-described socialist, reignited a debate about capitalism and socialism that some believed had died with the Soviet Union. Younger Americans are now divided on which system they like best:
Unfortunately, the debate over what these terms actually mean has become hopelessly muddled. Without a Soviet bloc to provide an official alternative to capitalism, people cast about for examples that fit their desired narrative. Self-appointed defenders of capitalism will point to the economic failures of the USSR, China and North Korea, or to the more recent economic disaster in Venezuela as proof positive of socialism’s defects
Socialism’s champions tend to rebut these charges by pointing to the successes of the Scandinavian countries. Sanders himself regularly praises Denmark, and occasionally Sweden, as examples of what he would like to achieve in the U.S., while others prefer Norway. But American socialists have, on occasion, received pushback from residents of those countries — in 2015, Danish Prime Minister Lars Rasmussen stated bluntly that Denmark was a market economy rather than a socialist one.
So is Sanders right, or is Rasmussen? Are the Scandinavian countries socialist or capitalist? The truth, unfortunately, is much more nuanced and complex. There will never be a clear, simple definition of socialism or capitalism, because there are multiple ways that a government can try to intervene in markets.
Markets aren’t perfect. They generate unequal outcomes, and often unfair ones, and they are subject to numerous inefficiencies. Governments can try to remedy these problems in a number of ways. They can provide services directly, as with the U.K.’s National Health Service. They can own businesses, as China does with state-owned enterprises. They can write regulations to restrain or promote various forms of market activity. They can sanction and empower various institutions like unions that counter the power of business. And they can use taxes and spending to redistribute income and wealth.
But governments don’t have to do all of these things at once. In Scandinavia, for example, there are a lot of government-provided services, a lot of redistribution and strong unions, but a relatively light regulatory touch otherwise. In a recent report, J.P. Morgan Asset Management researcher Michael Cembalest breaks down the Nordic model using various indicators from the World Bank and the Organization for Economic Co-operation and Development. As he notes, the Nordic countries (in which he includes the Netherlands) generally have fewer capital controls and trade barriers than the U.S. They also score quite highly on indexes of property rights and business freedom:
These indicators are compiled by the Heritage Foundation, a conservative think tank that might have reason to want to give high rankings to rich countries in order to make business freedom look more attractive. But rankings from the OECD confirm the general picture of Scandinavia as a lightly regulated place. Interestingly, the indicators also show higher direct state control of industry in the U.S.:
Labor markets are a different matter, however; Scandinavian countries generally make it harder to fire workers than the U.S. does. Unions and collective bargaining are also stronger. Interestingly, though, Cembalest finds that labor in Nordic countries claims a slightly smaller share of national income than in the U.S., suggesting that the impact of pro-business policies in those countries might outweigh the impact of labor protections when measured in purely monetary terms.
The Scandinavian countries, of course, have much higher taxes and spend more on social services:
Whether these various policy differences are large enough to constitute different systems is open to debate. Some economists consider them all merely different varieties of capitalism. The picture is complicated by the fact that countries change their policies over time. For example, in the 1970s, Sweden had a very large amount of redistribution, but since the late 1990s its fiscal system has become much less progressive. American socialists like Bernie Sanders may be pining for a much more interventionist Scandinavian model like that of the mid-20th century that has since changed dramatically.
The spirited online debates about socialism and capitalism are, therefore, mostly useless. They ignore and obscure the multiple dimensions of policy, as well as changes over time, and thus make it harder rather than easier to think about concrete ways to fix the problems in the U.S. system. It would be helpful to have a new consensus terminology to describe the economic systems that various industrialized countries — the U.S., France, Japan, China, and the countries of Scandinavia — have developed over the last three decades. But one thing is for certain — the dichotomy of socialism versus capitalism, inherited from the ideological battles of the past two centuries, is badly out of date.
The Vaccine From Hell
Take the dark-tech of DARPA (Defense Advanced Research Projects Agency), its civilian counterpart BARDA (Biomedical Advanced Research & Development), the stealth-ness of nanotechnology, the Gates Foundation funded “Quantum Dot Tattoo” aka “mark of the beast,” and combine it with micro-needling as an inoculation platform that is conceived from how snakes inject their venom into their prey, and nanogels that can connect with external technologies outside your body like smart phones, the cloud or other smart devices (5G from satellites), and what do you have? Answer: Moderna’s new RNA vaccine against COVID-19 coronavirus.
Dr. Carrie Madej’s chilling video explanation of what Moderna is up to is worth 21 minutes of your time. Dr. Madej is a McDonough, Georgia osteopathic-trained internal medical specialist. Her video is a wake-up call to the world. It is not sensationalist reporting. Links to what Dr. Madej talks about are laced throughout this report. Dr. Madej’s report should cause the world to put these new generation of RNA/DNA vaccines on perpetual hold.
Dr. Madej’s blood curdling explanation of Moderna’s new vaccine presents a dark, chilling moment for humanity, a day of no return. It has its roots in something called Transhumanism.
Dr. Madej is saying vaccine makers are up to more than producing antibodies against pathogenic bacteria and viruses. Humanity is stepping into re-programming our entire species, homo sapiens, from what she calls version 1.0 to 2.0.
John Summers: Uncovering dark stories of Canada’s legal system in new book
There is an evident rot in the Canadian legal system and even the Canadian Bar Association has admitted that there is a growing gap in citizen’s access to justice. With many people failing to seek redress due to their lack of belief in a broken legal system, Ottawa lawyer John Summers is a perfect example of just how deep the rot has spread.
In a book authored by Peter Tremblay, he uncoversstories of a corrupt system that accommodates abuse in the most inhumane form. One in which John Summers and his firm, Bell Baker LLP, apparently exploiting a disturbed senior citizen with chronic health conditions such as high blood pressure and diabetes in his continuous abuse of his wife.
The said apparently disoriented man had been witnessed running stop signs and switching lanes erratically on the highway and even losing track of his location when driving or even walking. Yet, this lawyer continued to stand in the way of the law taking appropriate action.
How can other victims trust a legal system that allows John Summers to continually aid this abuse by having prevented the abused wife from accessing medical care and support from her son and even the police—who only seek to perform a wellness check on her.
For years, John Summers had employed every dirty trick in the book by resorting to lies, forgery and illicit collaboration with judges from the University of Ottawa, his alma mater, to frustrate every effort being made by the son to see his own mother and be guaranteed of her safety.
Titled John Summers: The Untold Story of Corruption, Systemic Racism and Evil at Bell Baker LLP, this book takes readers on a shocking journey into the alarming decline of the legal system in Canada, where both lawyers and even judges are complicit. If a court system can allow a lawyer like John Summers to not only trump over the ethical practices of his profession but also violate the constitutional rights of citizens, it becomes quite worrisome for everyone especially when it leads to the abuse, systemic racism and destruction of lives and property.
Tremblay’s book reveals just how effective and damaging certain cabals within the legal system can cripple the pursuit of justice in Canada with no form of accountability whatsoever.
The negligence shown by elites at the Law Society of Upper Canada reveals the legal system in Ontario, which is Canada’s largest province, is apparently being run by incompetent psychopaths. These group of people not only show utter disregard for the human rights of those they pledged to protect, but also for the preservation of human life.
Like many other problems, the issue of corruption in the Canadian legal system is quite complex, but one way towards resolution is to understand just how deep the problem is. This book is a must-read and will open the reader’s eyes to real-life true crime stories about the underground world of the Canadian justice system that is being censored in the media, while also revealing these pieces of evidence in court.
Bill Gates’ Comments on Covid-19 Vaccine Enflame ‘Mark of the Beast’ Worries in Some Christian Circles
If the worries of most quarantined Christians in the United States center on health and when they might resume their lives, there is a segment that wonders whether this moment has greater biblical significance. These apocalyptic-minded Christians seem to have become increasingly less concerned about the disease itself and more concerned about the government’s response to the disease.
To some, it appears Satan’s emissaries are poised to take advantage of the pandemic. Some Christian pastors believe the start of a Last Days battle for religious freedom began with the social distancing orders that have placed weekly in-person church services under fire. Tony Spell, pastor of Life Tabernacle, a Louisiana megachurch, defended his decision to hold a Palm Sunday service: “The church is the last force resisting the Antichrist, let us assemble regardless of what anyone says.” Another Louisiana pastor, Ronnie Hampton, decried the order “because Caesar is mandating how we conduct ourselves using the pretext of this virus to be able to conduct our lives and run our lives for us.”
American apocalypticists tend to be suspicious of government, of course. This is partly due to their conservative bent, but this suspicion is nearly mandated by a literalist reading of the Book of Revelation. John the Revelator’s arch-villains are political powers that institute totalitarian social controls while persecuting the righteous who refuse to profess their allegiance. The second beast of Revelation 13, commonly known as the Anti-Christ, will, according to many Christians, come to power in the chaos of the apocalypse. John described him as a miracle worker who will deceive the nations to worship the image of an earlier beast, a dragon with seven heads and ten horns that is sometimes identified as Satan himself.
The second beast enforces this strange new religion by slaughtering those who refuse to submit to his sinister call to worship. John also prophesied of an economic dimension to the Anti-Christ’s rule. He stated that this beast “causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name… his number is Six hundred threescore and six.”
Headline News9 months ago
COVID: The squeeze play on the population
Headline News9 months ago
Passport to the Brave New World: the vaccine
Health9 months ago
Here’s what Sharyl Attkisson told me about the 2009 “pandemic”
Health9 months ago
The Real Truth About Coronavirus Revealed by Smart Doctors
Headline News9 months ago
‘Wartime’ coronavirus powers could hurt our democracy – without keeping us safe
Headline News9 months ago
A Vital Paper: David Crowe challenges the discovery of the COVID-19 virus Apr 24
Headline News7 months ago
FALSE FLAG ALERT: Obama Foundation tweeted about George Floyd on May 17th, a week before his supposed murder – UPDATE
Headline News9 months ago
Fascists Are Using COVID-19 to Advance Their Agenda. It’s Up to Us to Stop Them.