MARXIST COMMUNIST AUTHOR WELCOMED BY USA POLICY ADVISORS IN D.C.
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HIS NEW BOOK IS FILLED WITH TWISTED MATH CONJECTURE TO SUPPORT THEORY TO CONFISCATE WEALTH TO BE “FAIR” AND MAKE EGALITARIAN WORLD WHERE HARD WORK IS REPLACED WITH REDISTRIBUTION OF WEALTH.
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IF THE WEALTHY TRY TO SAVE THEIR WEALTH (FROM CONFISCATION) THE BOOK SUGGESTS TREATING THE WEALTHY AS TAX EVAIDERS.
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THIS SOUNDS LIKE MAO TSE TUNG’S ‘CULTURAL REVOLUTION’ WHERE EVERYONE WAS MADE POOR SO THE GOVERNMENT CONTROLLED ABSOLUTELY EVERY ASPECT OF HUMAN EXISTANCE, INCLUDING LIFE ITSELF.
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Recall that the writer Marx never worked for years while creating his diabolical book. He was financed by Carl Engle so he did not need to work or produce anything useful. He was a free-loader for a long time until Engle threatened to cut off Marx’s funding. Then Marx got off his duff and finished his unworkable book on socialism or communism. His dumb theory boils down to nothing more than simple division. Divide the productivity away from the producers in the economy and give the non-producers the product of wealth created by the hard work and creativity of motivated people.
After the Berlin Wall fell a few years back, the West Germans found that their reunited East German communist were lazy and did not want to work because under communist rule everyone was provided for so productivity was not part of daily life. The East Germans were used to doing very little work being paid as if they were productive.
The Marxist theory of division ignores the fact that when you sap the rewards out of hard work and give to the lazy folks it shrinks the economy and no one wins.

The underlying assumption in Marxism is that you can divide the proverbial economic ‘pie’ by and then everyone will share the booty created by the division theft from the productive and creative people. But it ignores the fact that the economic ‘pie’ is not going to remain the same size without entrepreneurs and profitable businesses contributing to the economic engine. After they divide up everything the average people get way less then they had before.

A good example are the ‘Freedom Fighters’ that helped Fidel Castro over through the existing government. In the process, Castro’s Marxist philosophy allowed him to become a dictator. Yes, the ‘Freedom Fighters’ along with everyone else in Cuba were rewarded by having no freedom and no income. The average Cuban resident earns around $2,200 a year per capita. It’s so ‘free’ on Cuba people get long criminal jail time for helping people escape from the hell hole island. Cuban people still drive around in 1950’s automibiles because thats all they had before freedom disappeared and everyone was tricked into letting Fidel Castro have all the power and rights so the people had none. Thanks, but no thanks. Absolute power corrupts absolutely.
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The Marxist theory has never worked and it never will. That’s why the USSR opened up its markets. That’s why China dismantled the strict Maoist theory. That is why it has failed every time it has been tried. It is the foolish ‘sofisticate’ who thinks this new brand of Marxist-Division theory will work ‘this time’. NOT.

Another problem with the theory is when any government is given too much control then corruption sets in to creat massive waste of resources and the government becomes more concerned for what it can take away for the personal gain of it’s cronies (the government ‘workers’) that do not produce anything in the economy. Read bigger than average salaries, bigger than average pensions, and bigger than average wealth on retirement as the diverted profiting from the producers in the economy. It is a pretty good racket for the insiders but for no one else.
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The Marxist-Socialist theory also stifles free speech by intimidating those who want to speak the truth which might not conform to the parties imposed system. The party line will claim to be democratic no matter how draconian they end up morphing into.

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By the way France currently has a voter rebellion going on by voting out of office left wing, tax and spend socialists. Voters got tired of all the new taxes making business activity smaller so that everyone ended up with less money, as a result.
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If the author does not like capitalism then he must be advocating for communism like the old USSR or other failed totalitarian types of excessive government control. Maybe he thinks that all the capitalists should just give all their earnings to ‘the poor’ so that no one has any resources. The problem with Marxism is that you can not GROW an economy by division. It is a math imposibility. If you take the engine off a long train (full of socialists, non-productive folks with their hands out), then the train will not be going anyplace. The result will be that dividing up wealth among the massed destroys wealth along with the work ethic to succeed. “L” = loosers.
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THIS MARXIST THEORY IS UNCONSTITIONAL IN MANY RESPECTS.
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SO WHY IS THE USA GOVERNMENT SO INTERESTED IN THIS REGURGITATED MARXIST AUTHOR?
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YOU DECIDE FOR YOURSELF.
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The featured article from france24 follows:
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http://m.france24.com/en/20140416-usa-thomas-piketty-lew-capital-21-century-income-inequality/
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Source: ‘france24’ Publishing Company, Paris.

FRANCE – USA
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US rolls out red carpet for French critic of capitalism
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Latest update : 16/04/2014
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© AFP / Thomas Piketty at France’s National Assembly in 2013

Article text by Thomas Hubert.

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In his latest book, French economist Thomas Piketty warns that modern-day capitalism leads to unsustainable levels of inequality. While he is often linked to France’s Socialist Party, his writings have made him unusually popular in the US.

Thomas Piketty’s “Capital in the Twenty-First Century” has only just been translated into English – several weeks ahead of schedule, due to popular demand – and the New York Times’s star columnist Paul Krugman has already described it as “the most important economics book of the year — and maybe of the decade”.

The French economist’s current US book tour is turning into something of a red carpet event. So far this week, he has met the White House’s Council of Economic Advisors as well as Treasury Secretary Jacob Lew.

“The Democratic Party, especially the Obama administration, has been in contact with us and using our findings for a long time,” Piketty told AFP in Washington.

On Wednesday evening, he was due to give a conference at the City University of New York, along with economics Nobel Prize laureates Joseph Stiglitz and Paul Krugman.

Capitalism’s inherent flaws

In “Capital in the Twenty-First Century”, Piketty warns that free-market economies will see ever growing concentration of wealth in the hands of those who already hold capital.

“When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based,” he wrote.

The Paris School of Economics scholar argues that in the long run, earnings from possessions such as property and financial assets grow faster than the rest of the economy – especially workers’ wages. This, he warns, leads to deepening inequalities with serious social consequences.

The belief among free-market economists that capitalism will regulate itself and lift the general population towards higher incomes is flawed, according to Piketty, because it is based on observations made during the 20th century, a war-ridden age unlike any other.

Peace brings inequality

“The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above all to the world wars and the violent economic and political shocks they entailed (especially for people with large fortunes)”, he wrote. But in peaceful times, the rich will get richer and the poor will get poorer.

While he builds upon the work of previous scholars of income equalities, from Karl Marx – who believed the accumulation of capital would cause the end of capitalism – to Simon Kuznets – who expected inequalities to level out as economies grew – Piketty’s success is linked to the strength of his 20-year-long research on income trends. He boasts an unprecedented set of “data covering three centuries and more than twenty countries”.

Piketty’s main suggestion to break the inequality cycle is to impose a worldwide tax on capital, which he acknowledges would be very difficult to achieve.

Such proposals are of course less popular with conservative Americans than with Obama’s supporters, and Piketty’s success in East Coast liberal circles cannot be mistaken for a blanket endorsement by US economists.

Weak on policy proposals

University of Texas economist James K. Galbraith regrets that the “meticulous examination of the facts” in the French scholar’s book “does not provide a very sound guide to policy”.

Even the appreciative Krugman acknowledges that Piketty’s theory does not account for the recent spectacular rise in the income of managers such as the CEOs of multinational companies, which is not derived from their existing wealth.

Still, Piketty believes his views are more readily accepted abroad than they are back home. “In the US and broadly everywhere outside France, I enjoy a less narrowly political reception,” he said in Washington.

His closeness with members of France’s ruling Socialist Party have placed him firmly on the left of the French political spectrum.

In 2007, he was economic advisor to Ségolène Royal, the Socialist presidential candidate who lost the election to conservative Nicolas Sarkozy and is now France’s environment minister. He is also the former partner of Socialist politician Aurélie Filippetti, now the country’s culture minister.

He is not, however, close to President François Hollande — whom, according to AFP, he described as “rather bad”.

 

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