I saw Netflix’ documentary on Alexandria Ocasio-Cortez
It is a great type of Hallmark flick, made by and for anti their establishment progressive activists.
Don’t get me wrong, I love Hallmark movies, and I am quite a bit of anti establishment myself, but, sadly, it takes much more than Hallmark happy endings, to help provide real and good solutions to our many real Main Street problems
Problem: Our economy, much because of regulatory distortion of the allocation of bank credit, has over ingested an unproductive debt. How to come down from that debt high is a mindboggling challenge.
Problem: Politicians who support minimum wages support the class of working people that have a job. But what about the not-working class, the people that do not have a job or do not want to be displaced from a job by artificial intelligence or robots?
Problem: The excessive importance given to house ownership and the excessive ease of financing of house purchases so as to make these affordable have caused houses to morph from being homes into being investment assets. So what about the class with no houses?
Problem: We face serious environmental challenges but how can we afford to face these when so many are out to profit financially, politically or by just feeding their narcissism, from the fight against climate change?
Problem: Being able to feed messages of hate, envy or just fake news, at zero marginal cost on social media, is polarizing to death our societies. How do we solve that without it all of us just ending up in the hands of a Big Brother?
Problem: Growing inequality and poverty. How can we face those challenges without causing the economy to shrink? The sole redistribution of wealth is clearly not the answer, since all after tax income that produced the wealth, is now frozen in assets
Problem: Student debt is a great problem. But how can we solve it without the solutions, like debt forgiveness, creating moral hazards and just opening space for further increases in educational costs?
Problem: How can we be able to launch a so needed unconditional Universal Basic Income when so many redistribution profiteers will fight with tooth and nails against seeing the value of their franchise decrease?
Problem: And if you think only America has problems just have a look at the European Union with its ticking 0% Risk-Weight Sovereign Debt Privilege bomb. That is truly scary stuff.
PS. Among AOC’s first actions was, thinking that tax cuts meant giving away money to Amazon and not just to take less money from it, to help scare away Amazon with its 25.000 well paying jobs. That was like telling New York, "The City That Never Sleeps", to take a Big Siesta. Given its shaky finances, I have a feeling that was not much appreciated by her general constituency, so there might not be a sequel to this documentary.
PS. Who can stand up better for the future of our grandchildren than we grandparents?
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