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Capitalism vs. Socialism?

There is an important side story about what just happened in Texas with their (not completely unpredictable) freezing weather, and the collapse of their electrical grid. The story we are being told is that Texas deregulated their energy system in 1999, using the promise that this would increase competition, provide consumer choice, and thus lower prices for electricity and other sources of energy. However, in this competitive “free” market, certain (shall we say) shortcuts were taken. In particular these companies didn’t bother to winterize their pipelines and other equipment, as is required in all other states through — you guessed it — pesky and “socialistic” regulations.

But ironically, some Wall Street Journal reporters looked into the Texas energy market, and found that (surprise, surprise) Texans with deregulated energy rates paid $28 billion more than those with traditional, regulated plans. They could do this because not all areas of Texas became deregulated, and what they found was that people who bought “free market” energy paid 13% more than the national average for their energy, compared to people who were still getting their energy from regulated suppliers, who paid 8% less than the national average. And the increased competition and choice that was promised through deregulation? Mergers left Texans with a duopoly of essentially two main retail electricity providers.

Bottom line? Deregulation was a total bust in this case. The resulting deregulated market cost consumers more, provided worse service, did not anticipate obvious problems, and when those problems occurred the lowered supply of energy and the increased demand naturally resulted in insanely high energy bills, as high as $17,000 for a single month’s electricity for a single house. That is, if their electricity wasn’t actually cut off, leaving them freezing cold (in some cases, to death).

Now, I am a capitalist. I believe in (actual) free markets. But what they had in Texas was not a free market in any sense. If people are freezing to death, they will pay any price necessary to stay alive. It isn’t freedom if there is a gun to your head. That’s why we have laws against monopolies, which the Republicans seem to ignore, while pretending to sing the praises of free markets.

Also, note that when the Texas energy market failed, the federal government had to declare an emergency and bail out the energy companies. If this were a truly free market, the energy companies are the ones that would suffer, not the consumers.

In the system championed by the Republicans, the corporations are the ones who are protected, and the consumers suffer. There is a name for this kind of system, where corporations are partners with the government, and individual rights (like for consumers) are suppressed. It is called national socialism (also known as Nazism). The Republicans paint the Democrats as socialists, and manage to scare people into voting against their own interests. How many times will we be fooled by this?

© Ruben Bolling
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RIP

May Rush Limbaugh rest in peace. Not just peace for him, but for the rest of us.

According to Electoral-Vote, the loss of Limbaugh may be especially bad news for a few right-wing pundits:

We also wonder if this is an early reflection of how the loss of Rush Limbaugh will impact the right-wing media. Say what you will about the man, he knew how to find Achilles’ heels, real and imagined, and to exploit the heck out of them. Many is the day that Limbaugh found some new angle to explore, and then the Sean Hannitys and Tucker Carlsons of the world just parroted it that evening, accompanied by some pretty graphics. Maybe, just maybe, they have lost their muse.

What will happen to the children, now that they are orphans?

© David Horsey
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“I don’t get no respect!”

Ted Cruz says that his wife is “pretty pissed” that her text messages about their last minute trip to Cancun Mexico were leaked to the NY Times. He then plays the victim, saying:

Here’s a suggestion, just don’t be assholes. Yeah, like just you know, treat each other as human beings have some degree, some modicum of respect.

What I want to know is, just whom is the big asshole here? Is it any surprise that Cruz now turns to misdirection, blaming the people who exposed his hypocrisy, rather than giving him the respect that he seems to believe he richly deserves?

© Matt Wuerker
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No Pain, No Gain

Rick Perry, former governor of Texas and former Secretary of Energy, said “Texans would be without electricity for longer than three days to keep the federal government out of their business.” Of course, what would Perry know about energy? Ironically, the Department of Energy’s main job is to manage our nation’s nuclear stockpile, not to make sure that citizens have heat and power. Perry didn’t seem to realize that when he took the job.

On the other hand, I kinda agree with his idea of suffering being good for the soul. After all, being without electricity might just be what it takes to wake Texans up, so that they finally get rid of that worthless pile of “sheee-it” Ted Cruz.

CNN reports that while Cruz was fleeing Texas for warmer climes, Democrats got to work solving the problem. Beto O’Rourke (who came close to unseating Cruz in 2018) “ran a virtual phone bank to contact senior citizens in Texas, to connect them with resources during the disaster.” At the same time, Alexandria Ocasio-Cortez launched a fundraiser on Twitter that raised at least $2 million to help Texans, and she is going to personally fly to Texas to help distribute supplies.

© Tom Tomorrow
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Trump bin Laden?

Osama bin Laden’s big mistake was that he didn’t realize that he could have caused far more death and destruction by simply by becoming president of the US. Indeed, Donald Trump wasn’t smart enough to figure that out on his own, the Russians had to cultivate him into it.

© Ruben Bolling
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Cruzing for a Bruising

By now, almost everyone knows that while (normally balmy) Texas was suffering freezing weather with millions of people without power, Ted Cruz took off for a vacation in Cancun, Mexico. He was originally busted by fellow travelers (his own constituents?), who posted photos of Cruz in the airport and on the airplane.

Cruz tried to claim that he was just being a chaperone for his daughters.

However, this didn’t really pass the smell test. It seems more likely that he is flying back only because he got busted. If he was actually busy “using all our resources” to deal with the situation in Texas, someone else could have flown down with his kids if necessary. In fact, since his girls were traveling with “friends”, aren’t there any adults on the trip too? If not, is Cruz actually leaving his 10- and 12-year-old daughters alone in Cancun with their friends and no adult? I don’t think so.

Later on Thursday, to nobody’s surprise, the NY Times published text messages sent by his wife, Heidi Cruz, that showed that Cruz was indeed lying. The Cruz family hastily planned the trip to escape their freezing home, and Ted Cruz only decided to return to Texas early when the photos of him went viral.

Text messages sent from Ms. Cruz to friends and Houston neighbors on Wednesday revealed a hastily planned trip. Their house was “FREEZING,” as Ms. Cruz put it — and she proposed a getaway until Sunday. Ms. Cruz invited others to join them at the Ritz-Carlton in Cancún, where they had stayed “many times,” noting the room price this week ($309 per night) and its good security. The text messages were provided to The New York Times and confirmed by a second person on the thread, who declined to be identified because of the private nature of the texts.

Wow, even their friends ratted them out.

Did anyone actually trust Ted Cruz to ever tell the truth? After all, the Republicans in Texas are busy blaming the failure of their power grid on the Democratic Party’s proposed “Green New Deal”, which doesn’t even exist yet. In fact, sustainable energy sources like windmills performed much more reliably in this cold snap than the fossil fuel plants that supply over 80% of the electricity in Texas.

Not to mention that when California had some power outages last August due to a heatwave, Cruz tweeted “California is now unable to perform even basic functions of civilization, like having reliable electricity. Biden/Harris/AOC want to make CA’s failed energy policy the standard nationwide. Hope you don’t like air conditioning!” Luckily, the internet never forgets. When people reminded Cruz of his earlier snarky comments, he had to admit “I got no defense. A blizzard strikes Texas & our state shuts down. Not good. Stay safe!”

I guess his idea of staying safe is to flee for less frozen climes. As fellow Republican Meghan McCain pointed out, “Very Marie Antoinette”, and that there’s a “lot of heads to roll.” Indeed, Cruz has criticized other politicians in the past for traveling in the wake of crises. And in the middle of a deadly crisis, Cruz had Houston police escort him to the airport. Cruz also left his dog, ironically named “Snowflake” back in the FREEZING house. At least Mitt Romney took his dog with him.

Next, people noticed his clothing. First his mask:

Second, he’s wearing a Patagonia shirt. If you recall, Patagonia is the clothing company that is putting tags like this in their shirts:

There is some consensus that Patagonia wrote the one in the photo specifically for Cruz.

Finally, I leave you with this hilarious sarcasm from Alexandra Petri:

I, Ted Cruz, am hearing now that my decision to go to Cancun while Texas is devastated by a winter storm and when millions remained without power was — wrong!

This has been very confusing for me. I was just doing what I thought made sense, based on my entire life’s experience of how people respond to my being somewhere, which is to say: They get mad that I am there and say they want me to leave.

One thing I know about myself is that I am Ted Cruz. “I like Ted Cruz more than most of my other colleagues like Ted Cruz. And I hate Ted Cruz,” is something one of my former colleagues said about me. People are always commenting things like that. John Boehner called me “Lucifer in the flesh.” Sen. Lindsey Graham said, “If you killed Ted Cruz on the floor of the Senate, and the trial was in the Senate, nobody would convict you.”

There is a long-running joke that I am the Zodiac Killer, which is not something there usually is about people who are universally liked. My college roommate wrote, “Ted Cruz is a nightmare of a human being. I have plenty of problems with his politics, but truthfully his personality is so awful that 99 percent of why I hate him is just his personality. If he agreed with me on every issue, I would hate him only 1 percent less.” Flowers wither at my approach; the sun shrouds itself in shadow; no matter what haircut I have, people agree that it is wrong. And I think this time, it really is wrong!

Seeing Texas in crisis, my reasoning was that the last thing anyone would want would be for me to show up. I assumed that the only thing that could make everyone’s experience worse would be the addition of Ted Cruz. “My power is out… I am breaking up my furniture to burn it… and Ted Cruz is here!” That third thing would be the thing that broke you, I think.

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Who Died?

Vox has an interesting interactive infographic showing just who has died from Covid-19 in the US, broken down by age, race, and region (urban vs. rural).

We already understand that people of color are twice as likely to die from the pandemic than white people. But did you know that even though the elderly are more likely to die from Covid, that younger people are more likely to actually catch it (the speculation is that younger people are more careless about observing social distancing and mask rules).

In other news, a Nature survey of more than 100 immunologists, infectious-disease researchers and virologists found that nearly 90% “think that the coronavirus will become endemic — meaning that it will continue to circulate in pockets of the global population for years to come. It will be like the flu. It will pop up every year, and some people will die from it, but we will have better vaccines and treatments for it.

Meanwhile, now that they are out of power, the Republicans don’t seem to want to do anything to combat the pandemic. It’s almost like they want more people to die so the Democrats won’t be winners.

© Matt Wuerker
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Shame!

The Republicans were too chickenshit to convict Trump, even though most of them admitted that he is guilty. So they let him off on a technicality (and a pretty lame one at that). I think we have uncovered a pretty severe flaw in our political system, but I have no idea how we can fix it.

Will it require our country to completely fall apart, so we can rebuild it from scratch? If we are very lucky, maybe it will only require the Republican Party to completely collapse, so it can be rebuilt. But I doubt that will happen.

© Tom Tomorrow
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Unite Us

Watch this until the end.

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Headline of the Week

Published in the Daily Mail:

Embattled QAnon congresswoman Marjorie Taylor Greene ‘openly cheated’ on her husband of 25 years with a polyamorous tantric sex guru and then moved on to another affair with the manager at her gym.

I guess she has more than one thing in common with Trump. She’s a cheater.

© Bill Bramhall
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Cancel Cancel Culture

Republican media continues to complain loud and long about how Trumpists are being censored and silenced, and “the base” continues to eat up this hypocrisy.

But the real irony is that it is all about the money. Now the money they have made stirring up resentment and anger is being cancelled by the lawsuits being filed over their libel, slander, and lies.

© Tom Tomorrow

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A Better Economic System

A fascinating article in Time Magazine talks about ways that cities are changing their economic systems. They focus on Amsterdam, but it turns out that there are cities all over the world that are doing this.

This is related to the rise of “B Corporations“. Most corporations are “C Corporations” (although there are also “S Corporations”, and various forms of co-operatives). The rules and laws for each of these are different.

B Corps are a recent innovation, and the reason they were developed is because corporations are completely focused on making money for their shareholders. In particular, it is difficult for corporations to take into account “externalities“. Externalities include the environment (both pollution and the using up of scarce resources).

B Corporations attempt to make the price of a product or service reflect the true costs and benefits of that product or service for society as a whole. For example, a carbon tax increases the cost of a product to reflect its damage to the environment.

The Time Magazine article gives an example about Amsterdam’s “true-price initiative”:

The label by the zucchini said they cost a little more than normal: 6¢ extra per kilo for their carbon footprint, 5¢ for the toll the farming takes on the land, and 4¢ to fairly pay workers.

This example focuses on the costs of this initiative. But taking account of externalities can be done in a revenue-neutral way. For example, I would propose that we reduce many of our other taxes. In particular, I think sales taxes are stupid, and income taxes should be restructured. After all, we obviously want to encourage people to make money and to buy things. Both of those things significantly help our economy.

Taxing something tends to strongly suppress it. In fact, when you read the zucchini example, did you become concerned that people would tend to buy less food if it suddenly became more expensive? This could be compensated for by not charging sales taxes and lowering income taxes.

There are also taxes I would increase, such as inheritance taxes and property taxes. In particular, they should be restructured to make them more progressive. A progressive wealth tax would also be a good idea. And since volatility in the stock market is considered a very bad thing, I would add a transaction tax on securities. We could also add taxes on things that affect health, like we already do with cigarettes.

Bottom line: We should be taxing things that we want to discourage, and lowering taxes on things we want to encourage. I’m glad that cities are taking the lead on this, but I’d like it done at all levels of government.

I also want to point out that taking externalities into account actually strengthens capitalism. In fact, Adam Smith’s Wealth of Nations is about this kind of capitalism, and how it will benefit nations of people. Let’s use the “invisible hand” to make life better for everyone.

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Progressives aren’t Progressing fast enough

This post probably isn’t about what you think it might be about from the title. It is about the curious fact that countries and US states with conservative leaders are doing a better job of getting people vaccinated than countries with progressive leaders.

This comes from an interesting article in (of all places) the NY Times, titled “The Left’s Vaccine Problem“. The problem seems to be that progressive governments are spending too much effort worrying about who should get the vaccine, instead of just focusing on getting shots into arms. In some cases, vaccine has been thrown away because they didn’t have enough of the “right people”, and there were penalties for giving it to the wrong people. Sheesh.

I’m fine that we got front-line healthcare workers vaccinated first. Not only do they need it more than anyone else, and it would be an even worse disaster if we lost doctors and nurses during a pandemic, and it was easy to identify these people and get them shots quickly (after all, most of them work in hospitals!)

But after that, it seems like the best way to fight the pandemic is to get it to everyone as quickly as possible. It really doesn’t matter who “deserves” it more. We need to get to herd immunity quickly, and that will benefit everyone.

Rather than spend our time deciding who can’t get the vaccine, let’s spend any extra time and effort identifying people who are having problems getting it (for example, older people in nursing homes) and get them some help.

This is no time to worry about being politically correct.

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EverOrange

Randy Rainbow to the rescue.

Two comments:

  1. Didn’t anyone ever teach her to wear a mask properly?
  2. When she says “Q is a patriot”, Randy should have pointed out that Q has already abandoned her. From the NY Times:

But since Mr. Trump’s defeat, Q has gone dark. No posts from the account bearing Q’s tripcode, or digital user name, have appeared on 8kun, the website where all of Q’s posts appear. And overall QAnon-related activity on the site has slowed to a trickle. (On a recent day, there were fewer new posts on one of 8kun’s QAnon boards than on its board for adult-diaper fetishists.)

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Sinking

The Republican Party is destroying itself. Here are the results of a survey comparing the net favorability of several GOP congresspeople.

That’s right, Marjorie Taylor Green is the new congresscritter who is racist, Islamophobic, and anti-Semitic, believes in QAnon and that the presidential election was stolen, blames the wildfires in California on Jewish laser satellites, and endangered and threatened other members of Congress. But her favorability is way higher than that of Liz Cheney, pretty much because Cheney voted to impeach Donald Trump.

And Kevin McCarthy, the minority leader of the House and a Trump supporter, is much more popular with Republicans than Mitch McConnell, who recently has been ambiguous about Trump’s impeachment.

The GOP is a sinking ship. Their leaders are now nut cases and liars.

© Jen Sorensen

[Side note — I love the use of Groucho in the second panel.]

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