I’m no expert on international business.
But there seems to be an inherent illogical in the left’s approach to taxation and corporations.
“Big business does not paying its fair share!” “Income inequality!” “The wealth gap has grown massively!” “Occupy Wall Street!”
Crony capitalism is certainly a problem and oddly enough Donald Trump of all people rode the populist wave of discontent into the White House (his opponent, meanwhile, couldn’t seem to convince people that she wasn’t still in bed with America’s kleptocracy). As the WSJ pointed out the other day, Trump’s enemy is not globalism, but mercantilism in which corporations lobby government acquire subsidies, trigger bailouts, and increase regulations that only their army of lawyers can comply with and subsequently hamstring competitors (the little and middle guy), thereby increasing their coffers, and only then doling out the incidental sops to the rest of us.
Ding, dong, the witch is dead!
Keeping Things in Perspective
I’ve read a number of editorials reflecting on the life and times of Fidel Castro. They’ve fallen into two camps: moral euphoria at the death of a dictator and a recitation of his crimes; or, the mealy-mouthed moral equivalency game played by those on the left (see Obama, Trudeau, Junker, Corbyn et al.).
To be clear, Castro was a bad guy and any attempt to cover over his crimes by appealing to his good intentions is the sort of deplorable, high-minded elitism that average Joe sees for what it is: baloney.
Then again, we ought to keep Castro’s crimes in perspective: he was a two-bit thug who caused a great deal of trouble for his people and sparked fires in South America and Africa for decades. Given the chance, he may have been a monster on the scale of Mao and Stalin, but even in his own country his tyranny never reached such diabolical heights. He only brushed with global significance on the occasion of the Cuban Missile Crisis—a scheme driven by his boss in Moscow and not even of his own making.
Further, it should be added that Castro’s death is not “the end of an era.” Castro had long been out of circulation, a ghost of a man, and Cuba still labors and suffers under an entrenched, kleptocratic dictatorship created by the late Fidel. We will have more of business as usual. Continue reading