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The Alexandria Ocasio-Cortez School of Economics


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The Alexandria Ocasio-Cortez School of Economics
 Ben Shapiro Posted: Jan 22, 2020 12:01 AM


On Monday, Rep. Alexandria Ocasio-Cortez, (D-N.Y.), sat for a discussion with author Ta-Nehisi Coates. She dropped a number of shocking statements -- statements that elicited nothing but murmurs of agreement from Coates. AOC claimed: "No one ever makes a billion dollars. You take a billion dollars." How, pray tell, are American billionaires responsible for such massive theft? According to AOC, the very mechanisms of capitalism mandate such theft. In her view, successful businesspeople simply exploit their workers while maximizing their profits. Hypothetically speaking about billionaires making widgets, she said: "You didn't make those widgets! You sat on a couch while thousands of people were paid modern-day slave wages and, in some cases, real modern-day slavery...You made that money off the backs of undocumented people."

 

This, of course, is nonsense. Voluntary exchange of labor for wages is, as stated, voluntary, and the fact that there are many people willing and able to labor in the manufacture of widgets is presumably responsible for lower wages. Companies that refuse to pay their workers market wages will soon watch those workers migrate to other businesses or other industries. It is a patent violation of free market principles to utilize force in order to compel someone to work for you; blaming the free market for coercion is like blaming free speech for censorship. Exploitation in labor markets is typically accompanied by government subsidies, regulation and interventionism.

 

So, how does AOC magically turn economic freedom into economic tyranny? By suggesting that true freedom lies in collective control of the means of production: "If you're a billionaire, that means that you control a massive system...It means that you have a massive labor force under your control, and to be ethical if you're a billionaire today, the thing that you need to do is give up control and power." But to whom would such power and control be given? AOC suggests that major companies be turned into worker cooperatives -- companies whose workers own and control the business.

 

In the end, what AOC  truly wants is government control. Worker collectives won't do the trick. Only top-down government redefinition of the value of labor will. When AOC claims that capitalists merely leech off the true  value of labor, she suggests that labor can be measured without reference to the market. How would AOC measure the value of such labor? Presumably through appeals to "fairness." There is only one problem with this method: It simply doesn't work. Consumers determine the value of products; producers do not. 

 

But according to AOC, we have nothing to fear from government, and "the government is us." The fact that Coates, one of the most prominent writers on the evils of Jim Crow, nodded along should demonstrate that those on the left do not understand the consequences of their own philosophy. The government is not "us," because we are not a collective. We are individuals with rights. But in AOC's world, we have no rights -- we have only our role as members of a collective controlled by those who agree with her. And that is exploitation and tyranny.

 

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5 hours ago, harryramar said:

she is waaaay smarter than you old timer. your jealousy is duly noted.

 

I think the same thing about hateful harry every time he post more hate and rage BS toward the president.

 

Imagemuvana info

 

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4 hours ago, CrimeaRiver said:

 

She has recently been calling for a 3rd party.

She says -

the DEM party is simply a center party....

REP is a far right party...

and there is no left party

 

Please, please form a "left" party:lol:

We already have it: https://www.cpusa.org

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How many of the billionaires can actually cover their debt? Their wealth is on paper not substance. Call in the loans = Wall Street banks go down like Lehman Bros.

 

Alexandria Ocasio-Cortez graduated cum laude from Boston University College of Arts and Sciences with a BA in 2011, majoring in international relations and economics.

 

Just gotta love that AOC ....... among the all American women.

 

International Relations

 

In our fast-paced, increasingly interdependent world, the problems and policies of each nation have repercussions that are felt far beyond its borders.

 

Whether the issue is climatic change caused by carbon dioxide emissions or the rights of workers in factories owned by transnational corporations, decision makers in government and industry must now consider how their actions will affect people and places around the globe.

 

As an international relations major, you will draw from a variety of academic disciplines to gain a more complete picture of the issues and traditions that shape regions and nations.

 

Real World Outcomes: 

International relations majors are prepared to embark on exciting careers in many areas related to transnational issues and concerns.

 

Many have found employment with federal government agencies such as the Foreign Service, international or non-governmental organizations such as the United Nations or companies conducting business or finance operations internationally.

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30 minutes ago, merrill said:

How many of the billionaires can actually cover their debt? Their wealth is on paper not substance. Call in the loans = Wall Street banks go down like Lehman Bros.

 

Alexandria Ocasio-Cortez graduated cum laude from Boston University College of Arts and Sciences with a BA in 2011, majoring in international relations and economics.

 

Just gotta love that AOC ....... among the all American women.

 

International Relations

 

In our fast-paced, increasingly interdependent world, the problems and policies of each nation have repercussions that are felt far beyond its borders.

 

Whether the issue is climatic change caused by carbon dioxide emissions or the rights of workers in factories owned by transnational corporations, decision makers in government and industry must now consider how their actions will affect people and places around the globe.

 

As an international relations major, you will draw from a variety of academic disciplines to gain a more complete picture of the issues and traditions that shape regions and nations.

 

Real World Outcomes: 

International relations majors are prepared to embark on exciting careers in many areas related to transnational issues and concerns.

 

Many have found employment with federal government agencies such as the Foreign Service, international or non-governmental organizations such as the United Nations or companies conducting business or finance operations internationally.

 

Ben Shapiro is off his rocker ...... 

 

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