https://quadrant.org.au/opinion/opinion-
Put aside the natural aversion to the Davos billionaires. Capitalism is the only system which can continually reduce poverty and increase overall prosperity. Yes, capitalism creates very rich people, but capitalism won’t work its wonders without very rich people.
The new star of the (increasingly radical) Democratic Party, Alexandria Ocasio-Cortez attends a symposium on 21 January where she is asked if it is moral to have “a world that allows for billionaires.” She replies it is not, adding that “a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because they don’t have access to public health is wrong.” By the way, before I look at the morality of having billionaires, ringworm is a common fungal infection that can strike anyone and is easily treated with antifungal creams obtainable inexpensively from any local pharmacy. The clunky machinery of public health is not required.
In the blink of an eye Ms Ocasio-Cortez has become sufficiently celebrated to be referred to as “AOC”; like, say, FDR, LBJ or JFK. Fortunately for America she is only twenty-nine years old and therefore can’t run for the presidency. A recent poll found that 74% of Democrats would consider voting for her were she to run. The rational mind boggles.
The lady is on the extreme end of the callow scale. This is an excuse of sorts for her saying that the world will end in twelve years unless something is done about climate change and for espousing naive socialist nostrums through her Green New Deal, GND to those in the know. But what about the supposed adults who support her?
Surely there is now no doubt. There has been a secular decline in the intelligence and common sense of those who identify as progressives; and, to boot, in their common decency. Witness the Kavanaugh ordeal and the despicable attack on the Covington kids, as just two examples of many. But I digress. Back to billionaires.