Capitalism undermines feudalism and offers economic freedom to Dalits

Capitalism does a better job providing freedom and equality than any other system. It is a far better option than feudalism.

Capitalism has been allowed to flourish in India since 1991. The results have been to release large numbers of Dalits from bonded labor. Previously those individuals were restricted to the most dirty, dangerous jobs.

Check out the results in this article by Swaminathan S. Ankelsaria Aiyar, writing at Cato Institute: How Capitalism Is Undermining the Indian Caste System.

(Cross-posted from my other blog, Outrun Change.)

Article is reprinted in full under a Creative Commons license granted by the author: (more…)

I celebrate this Independence Day by using my freedom of speech and freedom of religion

Thought about putting on my blogs some cool patriotic visuals to celebrate the 239th anniversary of the greatest country in the world that has provided more political, economic, and religious freedom to more people than any country anywhere anytime. There are lots of nice looking things available on the ‘net.

Also thought about pulling up some photos of flags I’ve taken over the years and creating a visual celebration.

I decided to do something completely different.

Of the large number of freedoms that we humans have because we exist, which are also recognized by the Declaration of Independence and Constitution, I particularly cherish freedom of speech and freedom of religion.

So yesterday (which was the federal holiday), today (the actual anniversary), and tomorrow I exercise those freedoms.

(Cross-post from my other blog, Outrun Change.)

Freedom of speech

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More on who owns the fruit of your labors – raisin edition

The Wall Street Journal editorial page has a few more comments on the Supreme Court ruling that when the Department of Agriculture ‘takes’ a portion of the crop from raisin farmers, the farmers have to be paid for the ‘taking’: Raisin Owners in the Sun. Previous discussion of the ruling is here.

Editorial points out the law authorizing the feds to take whatever amount of agricultural crops they want and pay whatever little amount they want was passed in 1937, which is 78 years ago. This case centers on crops that were seized in 2003 and 2004. The later of those two attempted seizures was 11 years ago.

That makes eight decades for the Supreme Court to get around to reading the Constitution and just over a decade for this case to work its way through the legal system.

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About those raisins – one part of New Deal destruction reversed by Supreme Court after about eight decades

Did you know raisin growers have to turn over a huge portion of their crop to the federal government? Growers get paid whatever is left over after the feds sell at a discount, giveaway or throw in the trash the reasons they collected.

In one year, a particular farmer got back less than what cost him to raise the raisins. In the following year he got zero. Zip.

Well, the good news is that as of today, that one specific New Deal program comes to an end. At least for raisins.

(cross-post from my other blog)

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Which disgustingly rich “robber baron” single-handedly saved all the whales?

Eventually I want to revisit the reputation of those horrid men who built the American economy at the end of the 1900s. They gave us massive breakthroughs in economic development.

Until I can write some extended articles, I’ll accumulate tidbits as I go.

Got to thinking about this when Bruce Oksol of Million Dollar Way pointed out

…that Rockefeller and Standard Oil single-handedly saved the whales from extinction

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More on stealing raisins. Oops. I meant to say, more on implementing the New Deal.

The New Deal policy of confiscating a portion of raisins from farmers every year in order to drive up prices to consumers has been previously discussed here, here, and here.

The Wall Street Journal provides more background on this foolishness that is being considered in the Supreme Court today: The Incredible Raisin Heist / A property-rights challenge to federal marketing orders hits the Supreme Court.

(Cross-post from my other blog, Outrun Change.)

I’ve been wondering what the Raisin Administrative Committee does with all those raisins after they are surrendered by the farmers. Editorial points out the government may sell the raisins on the open market, ship them overseas, or just give them away.

I have to find someone far brighter than me to explain how selling the raisins or giving them away stabilizes prices. Seems that would drop prices to what would otherwise be equilibrium or even lower.

The WSJ editorial outlines the progress of the case through the federal courts. I promise you this is a paraphrase of the editorial and not the outline of a dystopian political novel I’ve been mulling over.

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Supreme Court to hear arguments whether feds can continue to take raisins without compensation

For reasons that defy logic, common sense, and basic morality, the federal government still has in place a New Deal era policy that raisin farmers must turn over some percentage of their crop to the federal government without compensation.

The purpose of the program is to increase prices to consumers.

No, this isn’t an April Fool’s Day post.

No, I’m not making this up.

George Will points out in his April 17 article, Shriveled grapes, shriveled liberty, the Supreme Court will finally hear oral arguments next Wednesday (4/22) on a case that has been in court for years.

(Cross-post from my other blog, Outrun Change.)

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