Hardcore Capitalist's Perspective - 12/3/2010

• 9.8% Unemployment
  When will we learn from history? All the economic crises that are responded to with loads of government intervention become long, drawn out depressions. All the economic crises that are left to the free market correct themselves within short order, and are actually forgotten about by most historians. Jobs will not begin appearing again until the market is allowed to work through all the malinvestment, free from government meddling.
• Japan Leaves the Kyoto Treaty
  The government of Japan has refused to extend the Kyoto Treaty. And why should they? The Kyoto Treaty was not about conserving the environment--it was designed as a way for countries who were wallowing in socialist impoverishment to eat the wealth of the freer, capitalist countries. There is a reason why socialist countries are the most polluted on Earth: enforcement of property rights is the answer to the pollution problem, and that is precisely what socialist countries lack.
• Govt Surveillance Legally Out of Bounds
  Previously secret government documents obtained by the ACLU after a court battle show that the State has repeatedly overstepped its legal limitations in spying on American citizens. If the government can pry into the most private and sensitive areas of our life, why should citizens not be able to do the same to the government?
• City Cuts Police & Fire by Half
  Camden, New Jersey, the "second worst" city in the nation for crime, is cutting 50% of its police and fire departments, in an effort to balance its budget. Hopefully the government allows citizens, freshly unburdened by the taxation that was previously used to support these public services, to invest in private security and property protection services. If the market is allowed to provide these services instead, Camden will enjoy an immediate improvement in safety.
• Govt to Disable Cell Phones in Cars?
  Some in the government want to put devices on all of our cars, that would disable all cell phone usage within the vehicle. This is, of course, highly problematic, for obvious reasons. The most obvious being: what if there is an emergency? In reality, people would quickly find a way to circumvent these disabling devices I'm sure, rendering the whole endeavor a complete waste of money.
• Chinese Govt Tries to Rein in Private Lending
  Comments David Shellenberger: "The problem in China is not that lending is taking place outside the control of the government. It is that the government maintains too much control through its ownership of banks and its regulation. The government's effort to dictate the allocation of credit is just another component of its central planning, based on the myth that government is wiser than the market."

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Published at RightOSphere.com.