Economics of Bacon and Natural Disasters

by: the Common Constitutionalist

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You may have noticed that the price of bacon is off the charts. I know I have. It appears to have basically doubled in the last months. Why?

It’s simple – supply and demand. Over the last few year demand for everything bacon has skyrocketed. It seems bacon is in everything. There is Maple Bacon ice cream for dogs. There are bacon cream Oreos, bacon flavored gumballs, bacon mayonnaise, bacon toothpaste and Amazon sells Lester’s bacon soda. I love bacon, but ick!

In February, Business Insider explained the effect the demand for bacon has had on the industry.

The country’s supply of frozen pork belly — the meat used to make bacon — fell from 53.4 million pounds in December 2015 to 17.8 million pounds in December 2016. That’s the lowest level the nation’s pork reserve has been at since 1957, according to US Department of Agriculture data. “Today’s pig farmers are setting historic records by producing more pigs than ever,” Rich Deaton, the president of the Ohio Pork Council, said in a statement highlighting the data. “Yet our reserves are still depleting.”

What we’re witnessing are naturally occurring market forces at work – basic economics – supply and demand, and why the cost of bacon has increased so much. As demand outstrips supply, prices naturally increase. If it didn’t, soon there would be no supply left. The free market, left to its own devices, devoid of government meddling, will then re-balance itself, allowing supply to catch up with demand. Bacon will then return to more reasonable prices.

Put it this way. You go to store to purchase something. For this scenario, it doesn’t matter what it is. Luckily, you happen upon a store offering the product at 50% off. Why? read more

Sanders v Cruz – A Debate for the Ages

by: the Common Constitutionalist

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My son and I watched the Obamacare debate between comrade Bernie Sanders and Ted Cruz the other night.

We both agreed it was the most entertaining debate we had ever watched. It was actually fun. When was last time anyone could say that of a political debate? Answer: Never!

Debates are predictable and boring. We can mostly surmise what each candidate will say before they do. And it’s always droll political double-speak. They talk and talk and never say anything. It is a practiced and smarmy art form.

But this was different, which is why it was a relative ratings bonanza. Obviously people enjoyed it as it was the night’s top-rated cable news program in the 25-54 age bracket.

What I personally found fascinating and was pleasantly surprised by were that the moderators, Jake Tapper and Dana Bash, TV news stars in their own right, made no attempt to put themselves before the two participants. Many times over the last year, the moderators attempted to steal the limelight, as it were. read more

The Willing Proletariat

 

 by: the Common Constitutionalist

Marx said in 1848 that the world is more and more being divided into two opposing classes: the bourgeoisie (capitalists) and the proletariat (workers); exploiters and the exploited. The proletariat is defined as those without ownership over the means of production, and who therefore have to sell their labor power to capitalists in order to live.

The proletariat is often interchangeably referred to as the “working class,” though having a job does not necessarily make one a proletarian, and not every proletarian has access to a job.

For Marxists, socialism is dressed up as a political system based on the political power of working class people, the proletariat, over the overthrown capitalist ruling classes through the revolutionary use of state power. It is described as a “classless” society.

Of course, the proletariat either don’t realize or are not told that they in fact become the property of the state and thus owe everything to the leaders of the revolutionary movement, like Marx. They trade a perceived master for a real one, as it were. What they also are not told, until it is too late, is at least the capitalist system affords them freedom, if they choose to take advantage of it. The sociacommunist (just made it up, socialist + communist) system strips them of practically every freedom.

Therefore I contend that there not two opposing classes, but two opposing societies, sociacommunist and free.

Sociacommunism  is also far from a society devoid of classes. In a sociacommunist society there are in fact 2 classes; the haves and the have-nots. A truly free society is classless, where one can start out a have-not and become a have, whereas one has little to no chance of the same achievement within the other.

But a capitalist or free society can only exist with a moral people. As citizens begin to lose their morality, their sense of right and wrong, capitalism and freedom become corrupted and in step a Marx, Stalin, Mao, Hitler to lead the workers against the bourgeoisie. They appear to save the day, only to show their true colors later, when it is too late.

And that is the crossroad we find ourselves at now.

Rather than look within ourselves or to our neighbor for what is right or to solve a problem, we look to the state for guidance and security. Hurricane Katrina gave us a great example of this; the poor proletarian, knowing nothing of self-reliance and depending almost entirely on government guidance and assistance. They waited for the authorities to save them. Yet we didn’t hear the horror stories from tornado-ravaged Joplin Missouri.  Why? Freedom loving independent neighbors took care of their own. That’s why.

Rather than socialism and eventual communism being forced on us, we in this country have begun to choose socialism over freedom and the free market.

Citizens voluntarily relinquish freedoms in exchange for security and fairness, not comprehending the danger of this action.

The last several decades have brought us the constant drumbeat of state imposed rules and regulation. And with every new mandate; with every new intrusion, we lose a little more freedom. We are becoming the willing proletariat.

By design I believe, every successive generations freedoms are eroded further. Today’s generation knows nothing of the freedoms of generations past. Thus every subsequent generation know only the “new normal”.

Marx said, “The proletarians have nothing to lose but their chains, they have a world to win.” Marx could say that, for he was not of the proletariat. The ruling class can always say that.