A major increase in the efficiency of capital and management and reduction of general overhead expenses would be produced by the elimination of corporate income taxes. Yes, it would be hard on accounting firms and tax attorneys, but the simplification of business decision means fewer bad business decisions. Now do it again for OSHA (redundant with a robust tort and personal injury legal system, attorneys can and do form consortia for individual cases to handle expenses in return for a cut of the penalties). Repeal all the stupid gun laws, banking laws and drug prohibitions and subsidies. The market is smart, we have the internet. One form of community is the huge public good of very low-cost, fast and easy access information about everything. Yes, you need a guide, finding who to trust is another aspect of community in our modern worlds.
Both eliminating rules for handling bids by government and opening the entire process to public scrutiny and comment would produce another large increment in effectiveness and reduction in cost of government. Eliminating public education would immediately produce diversity of educations and lower costs, as the uniform educational product at high cost is a standard result in socialist systems.
Compound the effects of these easily-implemented cost reductions, currently imposed on every level of our primary production through sale of the finished good to an individual user, the country’s productivity could easily produce both jobs and cheap goods so fewer people need be on welfare.
Welfare states are low-job growth states, with very high costs due to very great taxation and regulation, that is an invariant in economics over 2+ generations. All of the widely cited but short-lived exceptions have fallen back to the expected outcome. Sweden and Denmark are not exceptional now, Norway’s prosperity is based on oil, and that doesn’t work long-term. Now-successful states like Alaska will become much less successful because they subsidized something with oil revenue, and produced an unbalanced economy for the post-oil levels of production, tho they have been sensible and gave the money to individuals rather than building infinite infrastructure.
No economy has ever been at this location in N-dimensional coordinate space. Nobody can predict the evolution of the total social-political-economic-financial system, but systems not designed to be fail-safe and well-tested over the real-world ranges of inputs WILL CRASH, always.
There are many positive-feedbacks built into the socio-politico-economic-financial system. Positive feedbacks destroy systems.
Charles Hugh Smith is a solid thinker, gets better every year, writes a consistent stream of insightful articles :
The 2008 recession produced problems in the financial system that required $14T from the Fed, who knows how much from other central bankers around the world? Banking is now very profitable, and has constructed new edifices of debt, higher, wider, more connected, more leveraged, than ever before. Nassim Taleb’s writings emphasize how banks lose their capital every 100 years or so. Financial manias occur much more frequently in which large numbers of prominent people lose their fortunes, along with the masses of investors. Do we think those historical norms can not now be in our new reality? Every time anyone says “Not this time” they are claiming to have a proof that the historical norms no longer apply :
American military suppliers have one fat customer with very deep pockets, with hegemony other customers have had no choice. Russian military suppliers have to compete with that, beginning with their military’s minimal budgets. It must be obvious what the outcome will be. We should understand that, the Germans had more and better weapons than the US through WWII, but a logistics nightmare because control of arms development and production was under the control of the military, therefore continual improvements and many variants. The US and Russia won via large numbers of inferior weapons of simpler design. 10X quantity is a change in quality in arms, enable different strategies.
The US military controls R&D and manufacturing via single-source contracts, very long development times, bleeding edge technology, managed by complex regulations and ajudication processes. Of course we are losing, and F-35s are the inevitable result of bad control systems :
Thierry Meyssan’s take on the current situation in SA and Macron’s actions in the gulf. MBS really is a reformer, will try to take the society secular and replace the Wahabbi radicalism in their version of Moslem theology. And Trump is participating in this move toward a more-rational foreign policy by everyone. Except Israel, of course :
A very libertarian take on Sex, Power and Consent, excellent comments.
All this is exceptionally simple, really. Proceeding in order of seriousness, we have speech, all the forms of verbal forms of unwanted sexual suggestions. Those are a social problem, local community, businesses and institution can control them. If power is also involved, e.g. a boss making suggestions to a subordinate, the organization can be liable as well as the boss for losses, pain and suffering, same as any other tort action. Jury trials will handle any necessary judgments as to veracity of the parties, same as any other tort action.
At the next level is physical coercion, from grabbing through obvious attempted rape. Those are assaults, and well-handled in current law The sexual aspect may be considered in sentencing, as with the use of weapons or threats of death, according to local law.
Finally, rape, a special category of assault already well-handled in law and many police agencies’ procedures.
The issue in all of these is our society’s Puritanism. When sexual activity of many more kinds is seen as ‘normal’ we will have more people being more open. Blame should be assigned to all of the institutions who don’t make all this very clear to people within them, and especially to the ones who do their best to obfuscate the issues, e.g Hillary Clinton wrt Bill Clinton’s rapes and attempted rapes, and every public figure who makes any form of voluntary sexual behavior in any way shameful.
When a few universities get sued because senior professors are masters of innuendo and students who choose to be oblivious or to riposte leave their classes or do poorly, anonymous email will be taken seriously by deans and senior professors will be more careful not to annoy their students. Also to record all lectures and interactions, as university judicial processes do not appear, from my outside view, to be either fact-based or rational. A rational student would be recording them, given a professor’s consistent innuendo (or worse). For everyone, cell phones have the ability to record audio, large disks are cheap, and the result will be more transparency throughout the society .
Maybe then the far more important issues of forced sex work, a version slavery, could be addressed. That goes far beyond the pedophilia US and European society is belatedly acknowledging. Restrictive laws on movement of people to jobs across international boundaries and lack of protection for people being coerced by debts to people smugglers are responsible for the problem, along with police agencies not taking the issue seriously because citizens don’t :