John Stossel
What do Trump and Trudeau share in common? Dictator Envy
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They really should know better, but both former President Trump and current Prime Minister Trudeau have expressed admiration for modern dictatorships. In their own ways Trump and Trudeau have envied the leaders of China and Russia. Trump likes how people sit up straight and pay attention when the leader speaks. He fails to acknowledge that people very much feel forced under intimidation to do so. This isn’t a sign of respect, but a sign of how fearful people are when they know not sitting up straight enough or clapping long and loud enough could mean the end of their career or something worse.
For his part Trudeau is now world famous for expressing his admiration for China’s Communist Dictatorship. In a single sentence, way back in 2013, Canada’s Prime Minister revealed his incredibly childish and ignorant view of history and how the world works. While admiring how fast countries like China are capable of taking on huge tasks, he completely ignores the millions of livelihoods that can be crushed in accomplishing the task, and EVEN IF the task is successful in the end.
There is a difference between Trump and Trudeau. One of the two continues to operate in a way that future authoritarians will be able to admire.
From Stossel TV
Leaders talk about their “admiration” for dictatorships. It’s a “utopian dream,” says historian Johan Norberg. They think: “if … someone at the top could … point us in a certain direction, everything would go well.” That’s childish. “If government is big enough to give you anything” Norberg explains, “it’s big enough to take everything away from you.”
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Business
Musk vs. The Swamp: Will He and Trump Make Real Cuts?
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From StosselTV
Elon Musk and his Department of Government Efficiency (DOGE) are here – but will they be able to fix our budget crisis?
Our government is $36 trillion in debt, yet it keeps wasting money on absurd projects like $118,000 to study if metal fingers can snap (spoiler alert: they can’t) and $700,000 to research parrot mating habits. It also spends more than a TRILLION in subsidies to state and local governments. Meanwhile, Washington sits on 300,000 buildings, many of which are unused, and land worth TRILLIONS of dollars. Yet instead of selling, it keeps buying more.
Chris Edwards of the Cato Institute says the first thing DOGE should cut are the subsidies to state and local governments. Then, they should slash the $180 billion a year spent in subsidies for corporations. But even if Musk’s new DOGE eliminates these expenses, the real culprits (Medicare and Social Security) are off limits.
So will DOGE be enough? Our new video above takes a look.
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
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Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.
Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
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Business
The ESG Collapse: Al Gore, Intel, BlackRock, and the Failed Promise of “Sustainable” Investing
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From StosselTV
For years, investment firms pressured companies to hire people of certain races and genders, and pushed “sustainability.” That has hurt returns.
Investments that claim to be “sustainable” have been underperforming. It’s because companies that embrace “ESG” woke investing end up prioritizing politics over innovation.
Intel, once a leader in the tech world, wasted millions on ESG goals. Now, it lags behind its competitors. Its stock is down more than 70%. “You have a company that’s absolutely failing!” Says Matt Cole, CEO of Strive investment managing.
Even BlackRock, which led the “ESG” push, now backs away from ESG investments. “What you’re seeing today,” says Cole, “is ESG funds shuttering at record speed.”
Our new video explains why.
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