Gongol.com Archives: January 2017
January 3, 2017
Political risk to the economy is at a high point not seen in a very long time
The President-elect is taking glee in bullying individual companies to suit his own agenda. That is one of the most corrupt forms of crony capitalism -- which is the kind of thing that the truly free market abhors. When companies like Ford then turn to giving credit to the bully-in-chief for their decisions, their flattery is a weak capitulation to the kind of environment that will eventually be their downfall. Good financial advisors tell their clients not to make decisions based on the tax consequences; decisions should be made on the basis of the soundness of the investment itself. It is cowardly and sniveling for a business leader to suck up to a politician in the hope of getting favorable treatment (in taxes or otherwise).
Writer Patrick Tomlinson: "Instead of fighting for conservative solutions to our shared problems, I find myself arguing with 'conservatives' who, despite all the objective, verifiable evidence, can't even admit that our shared problems even exist in the first place."
The Acumen model for putting donations to work in developing economies is a great one -- based on the idea that markets work, even in poor places. They just sometimes require patient investment.
A quick reminder of the trouble Russia has lately wrought
So let's not feign horror at the idea of imposing consequences. Should we seek friendly relations? Always. But friendship requires a foundation of fair play -- that is literally a concept we should learn in children's books.
"The line between political righteousness and party self-righteousness is wavy and easy to cross"
America deserves good political parties involved in sensible contests of ideas with one another -- not self-righteous, inward-looking machines