In the days of yore, there were kings. Everybody could agree to hate the king because he was rich and well-fed, when most of his minions were not.
Headlines regarding the ongoing trade dispute between the U.S. and China were again the primary drivers for market moves this week. It is increasingly odd that the mainstream media seems to find news coming out of China more reliable than their sources based in the U.S.
In any country, during prosperous times, the great majority of people go to work each day with the understanding that productivity results in an improved life. Even for those of humble means, the existence of prosperity around them is a daily assurance that, if you work hard and/or work smart, your life will steadily improve.
The trade dispute between the U.S. and China took a new turn this week as the Democrat-controlled House of Representatives announced this week that it was opening a formal impeachment inquiry against President Donald Trump over alleged abuse of power surrounding a phone call he made to the President of Ukraine back in July.
Recently, many political hopefuls on the Left in the US have “come out” as socialists. Some may have been socialists all along, whilst others may merely be hoping to cash in on the popularity of avowed socialist Bernie Sanders in 2016.
In the 2018 US general election, a spate of liberal candidates appeared, seemingly out of nowhere, each making dramatic promises for a more collectivist US.