Episode 64
69 TRILLION DOLLARS | FROM OUR GENERATION #64
Show Notes
The Democratic Socialists of America want to "take democracy beyond the ballot box." The phrase sounds like an expansion of fairness. It is the opposite. Democracy has a specific meaning: representation through elected government. Taking it "beyond" that means using state power to equalize outcomes in every domain of life, which requires a government large enough to seize and redistribute the resources of an entire economy. The DSA platform calls for the government to own the largest corporations. The S&P 500 alone is worth $69 trillion. 62% of Americans own equities. Transferring that wealth to government control would devastate every retirement account, pension plan, and 401(k) in the country. No interviewer has asked a single DSA candidate what happens to those retirees.
The DSA platform also calls for abolishing the Senate and making the presidency and Supreme Court subordinate to the House. Free healthcare, free housing, free education through college, universal basic income, and a 32-hour workweek with no pay reduction. These are promises that cannot be kept because the math does not support them. Socialism does not fail because of poor execution. It fails because it eliminates the pricing signals that allow an economy to allocate resources. Without profit, loss, and competition, no system can self-correct.
John Fetterman announced he will leave the Democratic Party if it votes against aid to Israel. Over 150 House Democrats have now coalesced around cutting all support. The schism is real, but it may not matter structurally because no major Democrat will criticize the DSA wing publicly. Hakeem Jeffries calls them part of the coalition. James Carville says he cannot be in a party with them but will not become a Republican. The energy and the money are with the socialist wing, and no one in party leadership is willing to confront it.
Confucius, asked what he would do first if given leadership of a state, answered: rectify the language. The battle over terminology is not incidental. "Stolen land" acknowledgments now open nearly every left-leaning institutional event. The framing establishes that the existing order is illegitimate before any policy discussion begins. Reparations follow the same logic. Once the premise is accepted, the conclusion is predetermined. The strategy is to make people feel guilty about things they cannot control, then offer government expansion as the moral remedy.
A Brown University professor allowed students to take a midterm at home. The class average jumped to 96, up from a historical range of 60 to 80. When the professor announced the final would be supervised in the classroom, 27 students dropped the course. 22 of those 27 had scored 100 on the midterm. The average score on the supervised final was 48. Brown has an honor code. Whether the university enforced it is an open question.
An audit of the Minority Business Development Agency found that $15.4 billion of $16 billion in transactions were duplicate, undocumented, or should never have been approved. Not a single Democratic senator attended the Senate hearing on entitlement fraud. Fraud has become a business model for blue states drawing federal dollars with no verification attached.
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