LIVING IN THE AGE OF IDIOCRACY

From the fallout raged against me by others in the comments of A Milestone to Celebrate: I Have Closed All My Businesses in Ventura County, California, it is clear that we have entered Mike Judge's Idiocracy. We're living in retrogression times. 

Those who have piped up in the comments have expressed, ordinary, parroted opinion, one formed of indoctrination, devoid of thought. 

The toadies of the Coyote herald him as some kind of free-markets capitalist-entrepreneur. One would be hard pressed to find further from reality than such belief.

The self-styled Coyote is a guy who blogs from the irreality of his mind about trying to operate businesses in various states of the USA. What the Coyote fails to mention is that all of his businesses arise because politicians have given him a monopoly license to use taxpayers' land.

Which such a monopoly grant, the Coyote has entered into business by risking the taxpayers' parkland capital risk-free to himself. As well as, since he terminates his employees off-season, the Coyote gets his payroll heavily subsidized by fettered taxpayers.

The Coyote isn't a free-markets capitalist nor a free-markets entrepreneur. The Coyote seems to be a fan of big government when it works in his favor, but all too stupid to know how to leverage it his favor. The Coyote seems to favor effeminate competition by having a monopoly license granted to himself rather than manly competition whereby he would buy land, set up shop and pay market wage rates.

The crazed fans of the Coyote, like so many hopeless ones, should learn the art of commerce and its science, that which some call trade, while others call economics. For if they did, they would know that only the one who has capital bears the risk. The parkland is the capital. The laborer risks nothing. 

An entrepreneur is a smart laborer. If the entrepreneur fails, it is the capital lent to him that gets lost. The entrepreneur fails to lose anything economic. He has staked nothing.

They would learn that Rent is a share of the profits. For where there is no profit, there can be no rent. 

They would learn that land the Coyote uses by grant of monopoly license is the land of legislators. As all risk is borne by capital alone in any venture, it is legislators who shoulder the risk at their expense. However, legislators can maintain their property in such land only by imposing taxes upon Americans. 

Since the Coyote doesn't pay market rate for that capital, legislators subsidize him there as well. Again, legislators can subsidize him only because first they can impose taxes upon Americans for their various schemes.

First, the Coyote fails to get his own parkland as capital. Second, without legislators bleeding Americans as taxpayers, legislators could not subsidize the labor costs of the Coyote.

If his fans would would learn that a wage is a price and that no one can work below break even for long unless subsidized, they would see the Coyote pays less than full wages for workers to break even. Legislators who force Americans to to pay UI who don't collect or cause others to collect UI, in effect, force these Americans to subsidize the Coyote's seasonal payroll.

If the Coyote wants to buy the land to make a go of it, so be it. Yet, taxpayers shouldn't be forced to own land upon which he profits. The Coyote is free-riding, using the capital of others (taxpayers), risk-free.

Socialists believe in community ownership of things managed by the government. Those who side with the Coyote, embrace the socialist concept of no property and community ownership.

As well, those who support Coyote, support the fascist concept of public-private partnership. 

The Coyote is a picture-perfect example of what is wrong with America and Americans today. The Coyote is whiny and greedy, wanting something — unearned profits — without having to give up anything in exchange to gain such — investing in capital, paying market prices that reflect true costs.

In the Age of Idiocracy, most don't get trade (commerce), nor capitalism, nor entrepreneurialism, nor business, nor property, nor society, nor the proper role of government, nor freedom.

Not until  faux capitalists like the Coyote disappear and all socialists disappear will once again Americans advance.

The libertarian approach to living is the right one — the non-aggression principle. Unfettered capitalism is the right approach to production. Protection of property of the individual from the mob is the right approach for progress, equity and freedom.

Idiocracy has become reality.






To read more about the Coyote:

Wile E. Coyote, Campground Businessman Super Genius
GREEDY CAPITALIST COMPLAINS ABOUT UNEMPLOYMENT INSURANCE EXPENSE AND QUITS HIS BUSINESS

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RACISTS ALWAYS RACE AND ENTREPRENEURSHIP. IT'S AS CLEAR AS BLACK AND WHITE.

On August 14, 2013, the WSJ  published a story about the findings of National Bureau of Economic Research economists Ross Levine and Yona Rubinstein about which teens grow up to be successful entrepreneurs in Troubled Teens Make More Successful Entrepreneurs.

Today, August 16th, The Atlantic published their racist slant on the same study, see: Entrepreneurship: The Ultimate White Privilege? penned by a racist-baiting Jordan Weissman in which Weissman claims the faux concept of "white privilege" is the reason why.

"White privilege" is yet another in a long line of rhetorical ploys employed by these racists. Their Ahab story never changes. 

Their Ahab stories using this template:

[insert group] exists, has a rich history and has been discriminated against by the great white male, their Moby Dick.

Levine says, “But it’s a unique combination of breaking rules and being smart that helps you become an entrepreneur...Of course, you have to be smart.” Levine also says, "...more likely to come from high-earning, two-parent families than other employment types."

Are there many two-parent families in the ghettos among minorities? What does the IQ distribution look like for male minorities? Where does the tail skew, toward the left or toward the right? What does the IQ distribution look like for females? Does it cluster around the mean with few outliers with shallow left and right tails?

Look at the characteristics here: white, male, and highly educated. All coincide with likely higher IQs.

Levine and Rubinstein argue that self-employed workers who incorporate their businesses more or less are more serious about succeeding than those who haven’t incorporated their businesses. They argue that incorporation coincides with legitimizing one's entrepreneurial venture. It seems that smarter white males, smarter presumably because of higher IQs, mature into wanting to play by the culture — the codified laws and codes of conduct.

Rules-breaking is learned behavior. Over the years, millions of poor, ghetto illegal entrepreneurs — drug dealers, pimps, extortion enforcers — have learned to break the rules. Yet, because never do they pursue legit business and because their kind of business falls under the scrutiny of another kind of regulator — cops, courts and jailers — success outcomes are quite different. 

Levine's claimed conclusion is not accurate. Likely it is a combo of being smart and having a propensity to risk, which in youthful days reveals itself as rules-breaking, but in adult days, as betting on one's own ideas, which tells the story.

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