I know that the current administration is very anti-commerce and is doing everything possible to screw things up, deliberately. The increase in capital gains and dividend taxes will probably have very harmful effects on our output.
The Democrats complete disinterest in international trade is a strong anti-commerce pill.
Nevertheless, unless this barren period of anti-capitalism lasts more than four years, the United States will recover.
The reason is that the United States is a uniquely productive state on the planet. On the planet. Japan has some unique innovation. Israel is second only to the United States in innovation.
The innovation in the United States is a result of the death of all our habits of heart that are listed at the top of this blog. We accept diversity in every form (many of our fools think diversity is skin color alone), we are intolerant of any system that rejects merit which is why labor unions have been shrinking for 60 years, and lastly we favor markets over government planning.
On the planet, we are unique in having the level of diversity that we have in the United States. Part of this is because we got rid of our hereditary class which is also connected to our habit of heart in supporting meritocracy. Our greatest institutions, from Bell Labs to Google are overrun with immigrants and weirdos. That is diversity in the eyes of commerce.
Most importantly, we have on the West Coast and a few other isolated spots a very weak and inept social structure. There is very little social hierarchy and very extensive horizontal social mixing. You will see couples on the street made-up of every combination of ethnic, social and national origin.
None of these elements are found in any other society. These elements are a source of American productivity and there is very little the anti-capitalist Democratic Party can do to destroy it on a large scale.
The Democrats complete disinterest in international trade is a strong anti-commerce pill.
The reason is that the United States is a uniquely productive state on the planet. On the planet. Japan has some unique innovation. Israel is second only to the United States in innovation.
The innovation in the United States is a result of the death of all our habits of heart that are listed at the top of this blog. We accept diversity in every form (many of our fools think diversity is skin color alone), we are intolerant of any system that rejects merit which is why labor unions have been shrinking for 60 years, and lastly we favor markets over government planning.
On the planet, we are unique in having the level of diversity that we have in the United States. Part of this is because we got rid of our hereditary class which is also connected to our habit of heart in supporting meritocracy. Our greatest institutions, from Bell Labs to Google are overrun with immigrants and weirdos. That is diversity in the eyes of commerce.
Most importantly, we have on the West Coast and a few other isolated spots a very weak and inept social structure. There is very little social hierarchy and very extensive horizontal social mixing. You will see couples on the street made-up of every combination of ethnic, social and national origin.
None of these elements are found in any other society. These elements are a source of American productivity and there is very little the anti-capitalist Democratic Party can do to destroy it on a large scale.