Mar 9, 2023 | World
From "North Korea defector compares woke US ideology, education to regime tactics" (New York Post):
“They were in Manhattan, living in the freest country you can imagine, and they’re saying they’re oppressed? It doesn’t even compute,” Yeonmi Park told The Post of students at her alma mater, Columbia University. “I was sold for $200 as a sex slave in the 21st century under the same sky. And they say they’re oppressed because people can’t follow their pronouns they invent every day?”The 29-year-old defected from North Korea as a young teen, only to be human-trafficked in China. In 2014, she became one of just 200 North Koreans to live in the United States — and, as of last year, is an American citizen.Now, three years after she graduated from Columbia with a degree in human rights, Park is raising alarm bells about America’s cancel culture and woke ideology.In her book “While Time Remains,” out February 14, Park writes how she made it all the way to the United States only to find some of the same encroachments on freedom that she thought she left behind in North Korea — from identity politics and victim mentality to elite hypocrisy.[...]In North Korea, Park said, the government divides citizens into 51 classes based on whether their blood is “tainted” because their ancestors were “oppressive” landowners.“That’s how the regime divided people. What an individual does doesn’t matter. It’s all about your ancestors and the collective,” she explained.Now, when she sees Americans indulging in race essentialism and identity politics, she said, it feels eerily familiar.“They say white people are privileged and guilty and oppressors,” Park said. “This is the tactic the North Korean regime used to divide people. In America it’s the same idea of collective guilt. This is the ideology that drove North Korea to be what it is today — and we’re putting it into young American minds.”[...]“I really don’t think that we have that much time left,” she warned. “Already all our mainstream institutions have the same ideology that North Korea has: socialism, collectivism and equity. We are literally going through a cultural revolution in America. When we realize it, it might be too late.”
Mar 9, 2023 | Politics
Write Yaron Brook & Elan Journo on Why Nationalism Is Hostile to America:Nationalism in the last century ravaged Europe. Nationalists today would have us believe their agenda will somehow lead to different results. Despite wrapping themselves in the Stars and Stripes, they push essentially the same destructive ideas.
They argue that to counter nationalism requires embracing "the Enlightenment ideals at the foundation of the American experiment." Namely, reason and individual rights:For most of human history, government was an instrument of domination over the individual. Individuals were duty bound to kneel before some authority, whether embodied in a tribe, throne, or church. The individual was literally a pawn at the disposal of the rulers. With the dawn of the Age of Enlightenment, however, the ground began to shift. Thinkers such as John Locke advocated a fundamentally different view of the relation between individual citizens and the state. That political shift stemmed from a philosophical emphasis on reason. The individual, these thinkers believed, is capable of observing the world, understanding it, and discovering truths; and so, people could use their reason to guide their own lives. What emerged was a recognition of the individual as sovereign—in thought and in action.Consequently, a new view came into focus regarding the individual’s relation to the state. The state’s purpose was not to dominate and exploit, but rather to protect the individual’s sovereignty. This view informed the Founders, and it reverberates in the words of the Declaration of Independence. The individual—every individual—has the rights to “Life, Liberty and the pursuit of Happiness,” and government exists “to secure these rights.” When government “becomes destructive of these ends,” it is the right of the governed to abolish it and institute a better system that “shall seem most likely to affect their Safety and Happiness.” Thus, the state’s raison d’être is to protect individual rights, that is, to protect individuals’ freedom to pursue life and happiness based on their rational judgment.
From refrigerators to silicon chips, they go on to explain how such political freedom are responsible for America's material success, concluding:These material advances, coupled with a culture in which liberty is protected, have made the United States a beacon to the rest of the world, an inspiration to be emulated. That is why the brightest and most ambitious people from all over the world have sought and continue to seek to immigrate to America. What made America such a success story? Its foundational ideals of reason, individualism, and freedom—and the human spirit they unleash.Nationalism is hostile to all of those.
They correctly note that, as a political ideology, "Nationalism is not synonymous with loyalty to one’s own country; it is a specific political-social doctrine. The essential feature of nationalism is the very un-American notion of elevating the group over the individual."Continue Brook & Journo:"Because nationalism devalues the individual, it is at odds with the principle of protecting individual liberty. Indeed, nationalism is best understood as a species of collectivism. Fundamentally, writes the philosopher Leonard Peikoff, collectivism “holds that in human affairs, the collective—society, the community, the nation, the proletariat, the race, etc.—is the unit of reality and the standard of value. On this view, the individual has reality only as part of the group, and value only insofar as he serves it.” It is predicated, observed Ayn Rand, “on the view of man as a congenital incompetent, a helpless, mindless creature who must be fooled and ruled by a special elite with some unspecified claim to superior wisdom and a lust for power.”[...]Nationalism is a repudiation of the sovereign individual, the ideal central to a free society. Whatever semblance of credibility nationalism may have had in the last century, it lost that on Europe’s corpse-strewn battlefields and in the gas chambers. Today, at the forefront of the campaign to revive nationalism are the self-described “national conservatives.” What reason if any is there to believe that their ideas will lead to a different outcome?
As today's "democratic socialists" and "woke progressives" rebuke the results of Stalin's & Mao's socialism, so do “national conservatives" of the 20th century nationalists, yet theirs is still an Anti-Enlightenment Crusade:National conservatism fundamentally devalues the individual’s rational mind, and consequently, it repudiates the principle of individual rights. In his book, The Virtue of Nationalism, Hazony argues that—contrary to the evidence—human reason is incapable of arriving at universal truths. He writes that, “no human being, and no group of human beings, possesses the necessary powers of reason and the necessary knowledge to dictate the political constitution that is appropriate for all mankind.”[ix] Therefore, he believes, it is wrong to regard the principle of individual rights as a universal truth. Instead, he downgrades it to a “cultural inheritance of certain tribes and nations.” (And as we’ll see, despite pro-liberty rhetoric, this view empties the principle of individual rights of all meaning.)[...]Will a national conservative state protect your individual rights? To have even a semblance of freedom, in this view, you have to live in a tribe or nation where that is a “cultural inheritance.” (Tough luck if you’re born where “honor killings” and female genital mutilation are accepted cultural inheritances.) Whatever degree of freedom you may be afforded is not a matter of your moral right, but rather a permission granted by the collective, and hence a permission that it may withdraw. Essentially, your life and freedom actually belong to the nation. To echo Hegel, your life is “something subordinate,” and if the collective “claims life, the individual must surrender it.”
In the U.S. the inheritance "national conservatives" seek to implement is theocracy - the melding of chuch & state, or in the author's words: "National conservatism is an ideology crusading for religious authoritarianism."To understand why read the entire article.
Dec 5, 2022 | Business
Writes David Z. Morris in "FTX’s Collapse Was a Crime, Not an Accident" at CoinDesk:FTX Crash was a result of a "conscious and intentional fraud intended to steal money"
It is now clear that what happened at the FTX crypto exchange and the hedge fund Alameda Research [hedge fund] involved a variety of conscious and intentional fraud intended to steal money from both users and investors. That’s why a recent New York Times interview was widely derided for seeming to frame FTX’s collapse as the result of mismanagement rather than malfeasance. A Wall Street Journal article bemoaned the loss of charitable donations from FTX, arguably propping up Bankman-Fried’s strategic philanthropic pose. Vox co-founder Matthew Yglesias, court chronicler of the neoliberal status quo, seemed to whitewash his own entanglements by crediting Bankman-Fried’s money with helping Democrats in the 2020 elections – sidestepping the likelihood that the money was effectively embezzled.
FTX crash was not the result of a bank run, but a massive act of theft
Perhaps most perniciously, many outlets have described what happened to FTX as a “bank run” or a “run on deposits,” while Bankman-Fried has repeatedly insisted the company was simply overleveraged and disorganized. Both of these attempts to frame the fallout obfuscate the core issue: the misuse of customer funds.[...]FTX and other crypto exchanges are not banks. They do not (or should not) do bank-style lending, so even a very acute surge of withdrawals should not create a liquidity strain. FTX had specifically promised customers it would never lend out or otherwise use the crypto they entrusted to the exchange.In reality, the funds were sent to the intimately linked trading firm Alameda Research, where they were, it seems, simply gambled away. This is, in the simplest terms, theft at a nearly unprecedented scale. While the total losses have yet to be quantified, up to one million customers could be impacted, according to a bankruptcy document.
Bankman-Fried stole FTX exchange customers' funds to bankroll the Alameda hedge fund
The author goes into the gory details and the magnitude of the theft by Bankman-Fried and how he stole FTX exchange customers' funds to bankroll the Alameda hedge fund, amongst other crimes:
"While an exchange [like FTX] ultimately makes money from transaction fees on assets that belong to users, a hedge fund like Alameda seeks to profit from actively trading or investing funds it controls....the [FTX] exchange had been funneling customer assets to Alameda for use in trading, lending and investing activities. On Nov. 12, Reuters made the stunning report that as much as $10 billion in user funds had been sent from FTX to Alameda."
Bankman-Fried is the Bernie Madoff of the 2020s
"Bankman-Fried has continued to muddy the waters with carefully disingenuous letters, statements, interviews and tweets. He has attempted to portray himself as a well-intentioned but naïve kid who got in over his head and made a few miscalculations. This is a softer but more pernicious version of the crisis management approach Donald Trump learned from the black-hat mob lawyer Roy Cohn: Instead of “deny, deny, deny,” Bankman-Fried has decided to “confuse, evade, distort.”
Morris covers other criminal behaviors that resulted from this "cardinal sin" concluding:
"The scale and complexity of Bankman-Fried’s fraud and theft appear to rival those of Ponzi schemer Bernie Madoff and Malaysian embezzler Jho Low. Whether consciously or through malign ineptitude, the fraud also echoes much larger corporate scandals such as Worldcom and, particularly, Enron."The principals in all of those scandals wound up either sentenced to prison or on the run from the law. Sam Bankman-Fried clearly deserves to share their fate."
Must read.
Nov 2, 2022 | Politics
Amy Peikoff on OAN with Dan Ball, "agreeing with Jim Jordan and others in the GOP who opposed the latest attempt to regulate 'Big Tech' via antitrust. Litigation, not legislation."
https://rumble.com/embed/v1jx8co/?pub=4