President Donald Trump is set to announce a rollback of former President Barack Obama’s policies toward Cuba, The Daily Caller has learned.
Two sources told TheDC that the development is due to the behind-the-scenes efforts of Republican Florida Sen. Marco Rubio, Democratic New Jersey Sen. Bob Menendez and Republican Florida Rep. Mario Diaz-Balart.
More @ The Daily Caller
I don't know if this is truly good or not. If Cuba wants to be Communist, what's it to me? I don't really know much about Cuba though, to be honest.
ReplyDeleteMy inclination is to just deport Communists, not to meddle in foreign states.
Unrelated, here's a pretty good libertarian article against workfare: https://mises.org/blog/we-dont-need-create-jobs-%E2%80%94-we-need-create-value
And I generally agree. I would say workfare can have a role in society though.
And a person's wages are not determined solely by the value he creates. Supply and demand of workers also determine wages. So, if you create $400 surplus labour value, you might keep $200 while your employer keeps $200. (And taxes might ultimately take most of that.) If labour supply is scarce, maybe the balance becomes $300 to worker, $100 to employer. And vice versa when labour is plentiful and cheap.
There can also be impediments to competition, preventing others from easily entering the business. As a result, you might maintain higher profits. A customer will pay more up until his gain is reached. So, if you're producing a fancy computer, a customer will pay up to the amount he benefits from the new computer vs. the alternative. But if you have competition, you'll lower your prices.
It's just common sense.
Anyway, I just mean to say: The current fear of robots is strange, bc they would just improve productivity. People would still find jobs. We just need to be sure global investment capital comes here, not elsewhere. We want the robots in the US, not in China.
The current fear of robots is strange, bc they would just improve productivity. People would still find jobs.
DeleteBecause the robots would take away many jobs, I assume.
Forgot. Thanks. https://freenorthcarolina.blogspot.com/2017/05/we-have-today-politicians-priests.html
DeleteRight, the fear is robots would take away jobs. I just can't believe that we'd find ourselves with no jobs at all. If, for example, the minimum wage were removed, then jobs surely would pop up.
DeleteAnd if we protected our trade, then we could trade robot-produced-goods for resources from trading partners. So, surely that would provide plenty of jobs in the US even if the rest of the world were in poverty.
In a world divided between rich-and-poor, the US as a whole could be that wealthy class. That I think is the proper Buchananite protectionist trade vision.
the US as a whole could be that wealthy class. That I think is the proper Buchananite protectionist trade vision.
DeleteMay well be.