Economic Ideologies - The discussion emphasizes the failure of socialism and communism compared to the success of capitalism in producing prosperity [1][2][3] - The importance of financial literacy in education is highlighted as a means to promote understanding of capitalism and economic growth [3][4] Policy Recommendations - To address affordability issues, the focus should be on increasing energy supply, reducing government spending, and lowering taxes [4][9] - The need for the Republican party to actively promote capitalism and avoid becoming a less socialist version of the left is stressed [8][12] Education System - There is a call for improving educational standards, particularly in math and science, to better prepare students for the workforce [15][18] - The current educational system is criticized for prioritizing ideological indoctrination over academic excellence, which has led to a decline in educational achievement [17][18]

are the voters who are speaking out on high prices in this economy and that's just what they're going through. Then there's the wealth gap, tech boom, Wall Street bull market raging on and this gap is not just about political messaging. In fact, if there were no elections on Tuesday and none of this had taken flight in sort of the public debate, income inequality would still be surging, driven both by the stock market gains and choices in US law and regulation, which currently reward the wealthy far more th ...

Group 1: Election of Zohran Mamdani - The election of Zohran Mamdani, a self-described Democratic Socialist, as New York City's mayor has caused significant concern in the business and investing community [3][4] - Mamdani, at 34, is the youngest mayor in over a century and the first Muslim to hold the office, defeating former governor Andrew Cuomo [4] Group 2: Youth Engagement and Populism - Mamdani's progressive policies, such as rent freezes and a $30 minimum wage, resonated strongly with young voters, with 78% of New Yorkers under 30 supporting him [5] - His success is attributed to effective use of social media, appealing to younger demographics who are increasingly distrustful of traditional institutions [6][7] Group 3: Business Concerns - Mamdani's proposed policies, including a significant increase in the minimum wage and free public services, have raised alarms among corporations and taxpayers regarding their potential impact on private investment [9] - Major employers like JPMorgan Chase and Goldman Sachs are already relocating employees to states with lower taxes and regulations, indicating a trend that may continue under Mamdani's administration [10] Group 4: Economic Implications - New York has lost $111 billion in net adjusted gross income over the past decade, while states like Texas and Florida gained $250 billion, highlighting the economic migration trend [11] - The Tax Foundation ranks New York last for business taxes, with high marginal income tax rates incentivizing high earners and corporations to leave [12] Group 5: Changing Views on Capitalism - A Gallup poll indicates a decline in favorable views of capitalism among Americans, particularly among Democrats, where more view socialism positively [14] - The changing economic landscape and rising student debt are contributing to a shift in attitudes towards capitalism, as noted by venture capitalist Peter Thiel [14] Group 6: Investment Opportunities - The migration of businesses to pro-growth states may create investment opportunities in real estate, infrastructure, and municipal bonds [15] - Sectors aligned with Mamdani's policies, such as green energy and affordable housing, could attract new funding, despite a cooling business climate [16] - Gold mining funds have seen significant inflows, with $5.4 billion collected in the third quarter, the highest since December 2009, indicating a shift towards hard assets in uncertain times [17]

the election of Zoron uh Mamani as New York City's next mayor raising some concerns that wealthy New Yorkers will leave the city. Joining us now is Don Peebles. Uh the Peebles Corporation uh CEO and chairman. Don, it's been a while. >> Hey, how you doing? How are you? >> I'm good. Uh the gray hair is not just from Mani, I don't think, uh is it? And and the drift of the Democratic Party that was there that's that's been coming in for a while. That's been coming in for a while. It's been a gradual process as ...

America’s conservative Catholics had hoped for a pope who would keep quiet about migrants and capitalism, and lure back wealthy right-wing donors. Instead, Pope Leo has deplored America’s “inhuman” deportation policies https://t.co/cmZpfQr3rZ ...

The leftist failure mode is to repeat a slogan like “mostly peaceful protests”, even when it doesn’t reflect observable reality. If they read it, it’s real to them.The rightist failure mode is to repost some video that “goes hard”, even when it doesn’t reflect observable reality. If they see it, it’s real to them.The capitalist has to deal with the world of hard numbers. The verbal and the visual are important, but ultimately secondary to the numerical. ...

Socialists are verbal.Nationalists are visual.Capitalists are numerical. ...

ok fine ill concede that the scientific revolution probably is number onebut capitalism is easily #2 ...

I understand this argument, but the counterargument is simply scale.Empirically, multi-ethnic ideological empires like Rome, the British Empire, Napoleon’s France, the Soviet Union, and the US defeated smaller monoethnic nation states.They defeated them militarily, culturally, economically, and ideologically. And then integrated them. Thereby setting the laws, including the laws of the marketplace.Of course, in each case, rapid imperial expansion may well have laid the seeds of future collapse. But the smal ...

If the far left’s failure mode is not understanding self-interest, the far right’s failure mode is not understanding other-interest.That is to say: we know the far left doesn’t viscerally get the idea of capitalism, of building products, of sometimes just not having the money to do something. The far left fantasy is of total independence from needing to work at all. They don’t understand economic scarcity.But the far right similarly doesn’t get the idea of diplomacy, of building coalitions, of sometimes jus ...