You have two alternatives. You can live with disparities, or you can live in totalitarianism….

…… is the keen observation from Brown University economist Glenn Loury as he “channels Thomas Sowell” in a conversation with his former student Glenn Yu in City Journal (“ Race and Equality “), italics added : I’m channeling Thomas Sowell now.

Source: You have two alternatives. You can live with disparities, or you can live in totalitarianism….

It was inevitable that socialized medicine gave up on the elderly with COVID-19 — Bookworm Room

It’s no surprise that socialized medicine countries stopped treating their old people. Socialized medicine rations care even when there’s not an emergency. I was talking to a friend in Spain who has taken his 88-year-old mother into his home. His mother had previously been living in a retirement community near his house. There, as here,…

It was inevitable that socialized medicine gave up on the elderly with COVID-19 — Bookworm Room

Bernie’s own private Denmark

There is nothing like a Dane…

(Paul Mirengoff) Whenever Bernie Sanders’s socialism comes up in the Democratic debates, he deflects criticism by saying he favors something along the lines of Denmark’s model. Sanders’s debate rivals almost invariably let this answer pass. (I think Pete Buttigieg tried to take it on in the last debate but couldn’t get the floor.) In reality, the policies Sanders advocates bear little resemblance to those of Denmark and other Scandinavian countries today .

Source: Bernie’s own private Denmark

The Consequences of Treating Electricity as a Right

In poor countries the price of electricity is low, so low that “utilities lose money on every unit of electricity that they sell.” As a result, rationing and shortages are common. Writing in the JEP, Burgess, Greenstone, Ryan and Sudarshan argue that “these shortfalls arise as a consequence of treating electricity as a right, rather than as a private good.” How can treating electricity as a right undermine the aim of universal access to reliable electricity? We argue that there are four steps. In step 1, because electricity is seen as a right, subsidies, theft, and nonpayment are widely tolerated. Bills that do not cover costs, unpaid bills, and illegal grid connections become an accepted part of the system. In step 2, electricity utilities—also known as distribution companies—lose money with each unit of electricity sold and in total lose large sums of money. Though governments provide support, at some point, budget constraints start to bind. In step 3, distribution companies have no option but to ration supply by limiting access and restricting hours of supply. In effect, distribution companies try to sell less of their product. In step 4, power supply is no longer governed by market forces. The link between payment and supply has been severed: those evading payment receive the same quality of supply as those who pay in full. The delinking of payment and supply reinforces the view described in step 1 that electricity is a right [and leads to] a low-quality, low-payment equilibrium.

Source: The Consequences of Treating Electricity as a Right

The thing is, this isn’t limited to electricity. The same process applies to any good or service, including health care.

A Shining City On the Hill

Throughout most of history, men who believe themselves superior or “elites” have believed that other men were born saddled and ready to be ridden. The alpha male who rules over the band is, after all, a fixture of ape bands. It’s that “made on an ape frame” again.

And this is what’s important to know: Socialism (“democratic, purple, or pokadotted” — snort — ) and communism are not different. They follow the ultimate rule of humanity of an elite who considers itself superior ruling over everyone else.

A Shining City on the Hill

Bernie the Red Part III: Democratic Socialism In Bernie’s Own Words — Bookworm Room

Part III in a series asking just what Bernie the Red means when he says he wants to bring “Democratic Socialism” to America? In this part, Bernie the Red tells us what he wants us in his own words. Part I: Denmark, Sweden & “Democratic Socialism Part II: Honeymoon With Communism Bernie Sanders has been…

Bernie the Red Part III: Democratic Socialism In Bernie’s Own Words — Bookworm Room