Tag Archives: Free Market

MUST-READ: Mexico shuts down government-owned utility and lays off entire union

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Here’s the story from Investors Business Daily.

Excerpt:

The Mexican president shut down a money-losing state-owned electrical utility, taking a labor union down with it. The union is howling, but the shutdown is one of the best things to happen to Mexico.

For months, the SME union had been trying to intimidate Felipe Calderon into continuing to subsidize the Luz y Fuerza del Centro electrical distributor, even as its $16 billion in revenue didn’t come close to its $32 billion in salaries and pension costs.

And why not? The union had done the same thing to all the other reform-minded Mexican presidents and saw all of them back off.

But it didn’t have a clue about Calderon, a former energy minister who on Sept. 24 warned the union to cut costs or else. The union ignored the warning and tried to intimidate Calderon with political tactics, whipping up fear that he intended to privatize the utility. Calderon had a better idea: shut down the utility.

The stunning decision to disband the company and lay off 44,000 workers effectively ends the SME union.

Yes, he’s a conservative.

Check out the effects:

It took just hours for Mexico’s peso to rise on news that a huge financial burden had been lifted from the government. Luz y Fuerza del Centro was a money pit that cost the government $42 billion a year in subsidies. Analysts said the shutdown would save $25 billion — enough to enable the government to scrap a planned 2% tax hike.

The improved fiscal picture will keep interest rates in place and avert a ratings downgrade. All of this increases Mexican purchasing power, helps the government finance itself and releases money for lending and investment in a new economy.

Read the whole article. He sent in troops.

It’s a proud day for Mexico. Like Canada, Mexico is on the way up. But the United States is on the way down. Canada elected a conservative, and Mexico elected a conservative. Only the United States was blind and ignorant enough to elect a radical socialist.

One other thing: I was having lunch with one of my agnostic co-workers today, who was following this story. He was concerned that Mexico would start up a new company to take the place of the old, inefficient one. But that is not the case. The Mexican government has decided to liquidate the inefficient company and pass its customers to another firm.

How I got interested in the relationship between Christianity and economics

I listened to all the lectures of this course by the Christian philosopher Ronald H. Nash. He presents a view of economics that is consistent with the laws of logic and the Bible. And this course is comprehensive. I’ve moved on from Dr. Nash’s course to read F. A. Hayek and Thomas Sowell. And I found that Dr. Nash’s course was excellent preparation for these more advanced books.

Take a look at some of the topics:

  • the role of the government in regulating commerce
  • the meaning of justice
  • capitalism and socialism
  • interventionism vs free market capitalism
  • introduction to economics
  • marxism
  • wealth and poverty
  • liberation theology and the religious left
  • judicial activism vs legal positivism
  • pollution
  • public education

You can grab the lectures here.

A little blurb about Dr. Nash

Nash taught theology and philosophy for four decades at three schools. He was chairman of the department of philosophy and religion and director of graduate studies in humanities at Western Kentucky University, where he was on faculty from 1964-91. He was a professor at Reformed Theological Seminary from 1991-2002 and at Southern Baptist Theological Seminary from 1998-2005.

Nash wrote more than 35 books on philosophy, theology and apologetics, including “Faith & Reason: Searching for a Rational Faith,” “Life’s Ultimate Questions” and “Is Jesus the Only Savior?” Nash received his Ph.D. from Syracuse University; his master’s degree from Brown University; and his undergraduate degree from Barrington College.

From this Baptist Press article.

Videos explaining what government-run health care is like in Canada

Here are a few helpful videos of some Canadian health care horror stories.

The Cheryl Baxter Story:

A Short Course in Brain Surgery:

Two Women:

The Lemon:

And one more video from On The Fence Films called “Dead Meat“.

While you watch these videos, keep in mind that these people pay about half their incomes into a socialist system for thirty years. Usually, both adults in the family are working their whole lives to pay into this system. The money is spent by politically correct leftists on politically correct leftist research, such as polygamy studies. The politically correct leftist government grants taxpayer-funded treatments, for their preferred constituents, many of whom do not even pay into the system.

For example, things like breast cancer, in vitro fertilization, contraceptives, abortions, STDs, AIDS, drug rehabilitation and sex changes are well-funded by the government. But since men are politically incorrect in a feminist society, the mortality rate for prostate cancer, which only affects men, is abominably poor compared to countries like the United States. (See this article for a comparison of other health care outcomes).

The take home lesson for us in the United States is that this is a tremendous vote-buying scam. You will have ignorant but well-meaning Christians voting for the Democrats from the time Obamacare passes. Many Christians are typically ignorant of free market capitalism and do not realize that they are trading in their liberty and prosperity for “free health care”.

Christians rationalize their vote for massive government-run social programs as “compassion”, and try not to think about how they are really voting in favor of abortion, same-sex marriage and the end of religious liberty. I find it amusing to talk to Canadians who love free speech and single-payer health care, not realizing that the single-payer health care is the exact thing that sets a nation on the road to restrictions on free speech.

Even Canada is moving towards privatized health care

Here is a post from the American Power blog that cites an LA Times article entitled In Canada, a Move Toward a Private Healthcare Option. (H/T Blazing Cat Fur)

Excerpt:

When the pain in Christina Woodkey’s legs became so severe that she could no long hike or cross-country ski, she went to her local health clinic. The Calgary, Canada, resident was told she’d need to see a hip specialist. Because the problem was not life-threatening, however, she’d have to wait about a year.

So wait she did.

In January, the hip doctor told her that a narrowing of the spine was compressing her nerves and causing the pain. She needed a back specialist. The appointment was set for Sept. 30. “When I was given that date, I asked when could I expect to have surgery,” said Woodkey, 72. “They said it would be a year and a half after I had seen this doctor.”

So this month, she drove across the border into Montana and got the $50,000 surgery done in two days.

“I don’t have insurance. We’re not allowed to have private health insurance in Canada,” Woodkey said. “It’s not going to be easy to come up with the money. But I’m happy to say the pain is almost all gone.”

Whereas U.S. healthcare is predominantly a private system paid for by private insurers, things in Canada tend toward the other end of the spectrum: A universal, government-funded health system is only beginning to flirt with private-sector medicine.

[…]“What we have in Canada is access to a government, state-mandated wait list,” said Brian Day, a former Canadian Medical Assn. director who runs a private surgical center in Vancouver. “You cannot force a citizen in a free and democratic society to simply wait for healthcare, and outlaw their ability to extricate themselves from a wait list.”

Be sure and take a look at some of the videos I collected together detailing some of the horror stories.

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