When a nation is over-reliant on one or two commodities like oil or precious minerals, corrupt government ministers and their dodgy associates hoard profits and taxes instead of properly allocating them to schools and hospitals.
Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.
We think that diamonds are very important, gold is very important, all these minerals are very important. We call them precious minerals, but they are all forms of the soil. But that part of this mineral that is on top, like it is the skin of the earth, that is the most precious of the commons.
When you have countries that have a lot of minerals and diamonds and oil and are in business with companies from all over the world - but these companies don't share, really, their profits - this is called post-post-colonial.
Russia was dependent on China growing and driving the demand for its commodities: oil, gas and minerals. China was an alternative to Europe.
They are more properly ‘The Messengers of Satan to buffet us.’ No rulers are properly God’s ministers, but such as are ‘just, ruling in the fear of God.’ When once magistrates act contrary to their office, and the end of their institution when they rob and ruin the public, instead of being guardians of its peace … they immediately cease to be the ordinance and ministers of God, and no more deserve that glorious character than common pirates and highwaymen.
There is a profiteer when it comes to oil. 36 to 63 cents per gallon is swept off the top. And who profits from that? The government profits from it. And what does the government do with much of that money? It puts it into so-called 'alternative energy,' with so-called phony 'green jobs' that we're yet to see being produced.
In Europe, Socialism is just another political party. It just means that government takes over certain things like hospitals, prisons, military and schools that should not be run for profit.
Of course, it's absurd that we trust the Tories with our day-to-day reality, as so many of them don't really inhabit it. Why elect people to run our schools and hospitals who choose not to go to those schools and hospitals?
What is a government supposed to do for its people? To improve the standard of living, to help them get jobs, get kids to schools, and have access to medicine and hospitals. Government may not directly provide these public goods and services, but government must be accountable for whether or not they are delivered to citizens.
Just as members of American teachers unions often send their own children to private schools, so unionized workers at government-run hospitals in Britain have insurance that allows them to go to private hospitals. In both cases, those on the inside realize how bad these institutions are, regardless of what they say to those on the outside.
Failure to properly control our borders costs citizens in many ways: schools become overcrowded, medical resources are stretched too thin, other government services are overtaxed, and taxes increase further.
Taxes should be continued by annual or biennial reeactments, because a constant hold, by the nation, of the strings of the public purse is a salutary restraint from which an honest government ought not wish, nor a corrupt one to be permitted, to be free.
It's that time of year again, April 15, taxes. I know it's depressing, but just remember, you're paying for roads, bridges, hospitals, and an army to keep the nation free. Unfortunately that nation is Afghanistan.
I think that the best things that governments can do for productivity is not whack on new taxes and, if we can get institutions like schools and hospitals functioning better, well that's obviously good for the overall productiveness of our society.
The positive aspect of my negative view is essentially that you shouldn't own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities.
Taxes are like abortion, and not just because both are grotesque procedures supported by Democrats. You're for them or against them. Taxes go up or down; government raises taxes or lowers them. But Democrats will not let the words 'abortion' or 'tax hikes' pass their lips.