Tag: economics

Justin Amash Leaves the GOP as Anti-Partisan Sentiment Grows Nationally

Conner Drigotas | @CDrigs44

At 6 AM on July 4, 2019, the Washington Post published an Op-Ed by Representative Justin Amash of Michigans 3rd Congressional District in which he announced his departure from the Republican Party.

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Oil and Babysitting Money: What Really Runs the Economy

Ellie McFarland | @El_FarAwayLand

After the mid-1800s, oil and its byproducts became a virtual necessity for manufacturing and transportation. American and foreign oil industries have caused wars, economic depression, and environmental disaster. The top four richest companies on the planet are either oil or car companies. In fact, oil and gas alone (not including their various byproducts) comprise around two to three percent of the world economy. It’s involved in most of the manufacturing of other goods, such as plastics, metals, transportation, and other machinery. This is on a worldwide scale, with most oil and natural gas coming from undeveloped nations. But in the first world, our economies are about split between oil money and “babysitting money”. 

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A Minimum Wage Increase Is a Pay Cut for Millions

Ryan Lau | @RyanLau71R

In the past couple of years, a number of politicians have pushed hard for a minimum wage increase. Notable supporters include Elizabeth Warren and Bernie Sanders. Just this week, Connecticut agreed to incrementally up its minimum to $15 an hour in the next four years. Advocates of the idea claim that it will improve the quality of life for many, especially the working poor. However, they miss the fact (or don’t care) that their plan would functionally cut wages for millions of working-class Americans.

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CVS Aetna Merger Shows AMA Hypocrisy

Warren Albrecht | United States

We frequently hear that the cost of healthcare is increasing. But we rarely hear anyone define why despite the reason being so obvious: government intrusion. Neither Blue Cross Blue Shield, Aetna, Cigna, Humana, Medica, nor Anthem was ever on business programs complaining of the cost of healthcare. Instead, the mainstream media gave platforms to the representatives of Medicare and Medicaid, debt providers for taxpayers. Meanwhile, the Obama administration stopped the mergers of health insurance companies.

Attorney General Loretta Lynch said the deals “would leave much of the multi-trillion dollar health insurance industry in the hands of three mammoth insurance companies, drastically constricting competition in a number of key markets that tens of millions of Americans rely on to receive health care”.

So one has to ask anyone supporting single-payer health care: why would government control (socialized medicine) be work without any competition? In short, it wouldn’t.

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“Everything the Government Does is Socialism”: A Child’s Guide to Libertarianism

Jack Parkos | @laissez_faire76

Libertarians promote free-market capitalism and little to no government interference in the economy. We oppose government control over the economy. Further, we oppose Marxist ideologies like communism and socialism. One problem with libertarians, however, is their false usage of the term “socialism“. Libertarians label things as “socialist” regardless of whether they are inherently socialist. This characterization hurts the movement.

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