John Stossel
Pictured below: what these three people and the generation behind them have not learned; they cannot create, they only take from better and wiser people than they. TD
. . . "Photography in the 1880s was expensive, complicated and available mainly to professionals. Then George Eastman developed the Kodak camera, making photography simpler and cheaper. "He created this global company and everyone became a photographer." Loading cargo onto ships was slow, expensive and prone to theft. A North Carolina trucker, Malcolm McLean, grew so bored waiting for cargo to be loaded that he invented the shipping container. "Sounds easy," says Forbes, "but the design took a lot of effort. The cost of shipping items fell as much as 95%. That made it possible to develop elaborate supply chains. That makes it possible for people to have supercomputers in the palm of their hand." Capitalism, despite its occasional greed and excess, is the only system that lets people prosper." . . .
"I've failed!
I make the case for free markets ... young people elect socialists!
What are they thinking? Do they even think? Do they pay any attention to history? Or economics? Socialism always fails. Only markets create environments that let people prosper.
"Getting the right environment -- this country's done it better than anyone else," says Steve Forbes in our full interview. "Give people a chance to be creative, experience liberty, and humanity moves forward."
His magazine has made that point for years.
"You and I are failures," I tell him. "We've tried to convince people about the benefits of free enterprise ... (Yet) they embrace socialism," believing "posts from people like actor Mark Ruffalo: 'Capitalism today is failing us, killing us, and robbing from our children's future ...'"
"Capitalism has done just the opposite!" replies Forbes. "Deaths from famines are down 99% in the last 60 years. Standard of living, 10 times better than it was 50 years ago around the world."
Progressives call capitalism "immoral."
"Capitalism, free enterprise, free markets, whatever you call it," replies Forbes, "is a moral system because success comes from meeting the needs and wants of others... Go to the old Soviet Union, to Cuba, North Korea and compare opportunities. It's a reason people want to come here. They can flourish here whereas they get crushed by regulation elsewhere."
Free markets are also moral, he says, because capitalists don't get rich by forcing people to hand over money. Only governments, employing police, tax collectors, etc. can do that.
Capitalists get rich only if customers voluntarily choose them.
Unless, of course, government gets involved. If politicians grant favors or give handouts to politically connected companies (known as crony capitalism), the market system breaks down." . . .More...
Liberal Podcaster Breaks With Mamdani After Finding Himself a Victim of His Socialist Policies "A prominent liberal is breaking with Mamdani over his new property database.
"Podcaster Scott Galloway says he discovered his own name and address were 'doxed' by the city's searchable database identifying affluent property owners.
"Galloway backed Mamdani's proposed pied-à-terre tax itself, but he argues publishing property owners' information turns a legitimate tax proposal into a "wanted poster."
Galloway lamented that the New York City mayor was vindicating conservatives’ worst fears and "making it harder for all progressives."Galloway made the decision to turn on Mamdani after he found himself doxxed by the database of property owners who could face a sharp increase in taxes meant to fund the lavish socialist policies pushed by the candidate he supported." . . .
