Tyler Cowan has written a review of Piketty's Capital in the Twenty-first Century in Foreign Affairs. He does not provide a disclaimer that he has been employed for his entire career as an agent of the plutocrats Piketty is talking about. Knowing that, it's not surprising that he writes a highly critical review. Ethics, anybody?
Racist Los Angeles Clippers owner Donald Sterling has been fined $2.5 million, is banned from the NBA and may be forced to sell the team. If government did something like this, libertarians would be screaming their heads off. But because it is a private violation of his liberty to be a racist asshole, this unprecedented punitive action in a corporate kangaroo court must be OK! The "constitution" of the NBA has set up the commissioner to be judge, jury, and executioner with the effect of a binding arbitration decision that is enforceable in court. The most surprising thing about it all is that it is happening to a rich white man.
Libertarian racist Cliven Bundy and his domestic terrorist "militia" have gone so far that they've lost the support of Fox, the Tea Party and pretty much everybody who has two neurons to rub together. I can understand Obama's desire to avoid another Waco siege. Gone are the days when Washington could crush the Whiskey rebellion with impunity. It will just be a matter of outwaiting them: they certainly won't maintain their numbers over the winter. And of course, it would be interesting to see how well their line holds as their identities are established and they are threatened with charges of sedition.
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Libertarianism is just neo-feudalism, as it wants bring back the rule of lords of the manor. Of course, libertarians will deny this, but what do they know about history and feudalism at all?
Dang it Mordanicus got it correct, Libertarians pine for the new Brutual Feudalism. but the extremely sad part is Libertarians, who are overwhelmingly young white males can not envision a day when the Corporate Plutocracy treats them the same way it treats minorities and women.
Additionally, as to Donald Sterling, it's not surprising because the other White Male Owners of the NBA realize this could cost them money so even though Sterling is friends with very progressive owners like Jerry Reinsdorf and other who turned a blind eye to this for decades, once their bottom line became threatened they acted.
And Sterling if he is forced to sell (not a fait accompli yet) would make $750,000,000 from the sale.
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