From economist Thomas Hazlett, in an insightful admonition against crony capitalist government intervention…
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Quote of the Day: U.S. Leads the World in 5G Rollout, Thanks to Pro-Market Approach

From economist Thomas Hazlett, in an insightful admonition against crony capitalist government intervention into the telecommunications market entitled "The U.S. May Repeat Mexico's Wireless Spectrum Mistake" in today's Wall Street Journal,  offers this little gem and tribute to the positive payoff of America's comparatively pro-market deregulatory approach:

Meanwhile, 5G networks are spreading more rapidly in the U.S. than in any other nation, with 49% coverage in October 2021.  (China was at 20% that month.)  This rollout benefits from recent U.S. auctions for flexible-use spectrum rights, infusing networks with new capacity that lowers costs and spurs rivalry.  Further liberalization should continue.  Regulators haven't been able to divert frequencies to selected business…[more]

May 13, 2022 • 11:50 AM

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These Aren't the Democrats of Old Print
By Victor Davis Hanson
Thursday, July 22 2021
The left got drunk on the idea that it now had its hands on the money and influence in America. So it systematically began targeting institutions and leveraged them not from the noisy street with empty protests but from within.

In the old days, Democrats had predictable agendas, supposedly focused on individual rights, the "little guy" and distrust of the military-industrial complex.

The left, often on spec, blasted the wealthy, whether the "lucre" was self-made or inherited. The old-money rich were lampooned as idle drones. If the rich were self-made, they were deemed sellouts. A good example was '70s pop icon Jackson Brown's "The Pretender," with lyrics that railed about a "happy idiot" and his "struggle for the legal tender."

Democrats talked nonstop about the "working man." They damned high gas and electricity prices that hurt consumers.

Almost every liberal cause was couched in terms of the First Amendment, whether it was the right to shout obscenities, view pornography or bring controversial speakers to campus.

The Supreme Court was sacred. With a liberal-packed court led by Chief Justice Earl Warren, progressive justices restrained the supposedly harebrained initiatives of hick right-wing populists.

Once upon a time, Democratic congressmen investigated the CIA and FBI seemingly nonstop. Progressive political cartoonists caricatured the Pentagon's top brass as obese, buffoonish-looking clerks with monstrous jowls. The "revolving door" was a particular leftist obsession. Democrats blasted generals who retired from the military, then went straight to defense contractor boards and got rich.

For the left, elite professional sports were the opiates of the middle classes. Wannabe jocks supposedly wasted hours in front of the TV watching grown men toss around balls.

Unions were sacred. So farm union kingpins such as Cesar Chavez headed to the border to confront (or physically assault) any would-be undocumented immigrant "scabs."

Politicians such as Sen. Chuck Schumer (D-N.Y.) and Bill and Hillary Clinton railed against the cheap labor provided by undocumented immigrants, which drove down American wages.

That was then; this is now.

Liberals became rich progressives who transmogrified into really rich hardcore leftists. Suddenly, not just millionaires but multibillionaires such as Mark Zuckerberg, Bill Gates, Jay-Z, Oprah Winfrey and a host of other celebrities and CEOs were cool and hip.

Deified Silicon Valley monopolists ensured that leftist candidates were usually better funded than were conservatives. "Dirty money" disappeared from leftist invective.

The Fortune 500 became mostly a list of billionaires who did not make their money the old-fashioned way of manufacturing, assembly, construction, farming, transportation, or oil and gas production.

The left got drunk on the idea that it now had its hands on the money and influence in America. So it systematically began targeting institutions and leveraged them not from the noisy street with empty protests but from within.

Suddenly, the once-revered Supreme Court, now with a majority of conservative justices, became an obstacle to democracy and had to be packed or restructured.

The First Amendment was redefined as a bothersome speed bump that slowed progress. It needlessly protected noisy conservatives and their backward values.

The CIA, FBI and Pentagon were suddenly OK  if staffed with the right people. Their clandestine power, their chain-of-command exemption from messy legislative give-and-take and their reliance on surveillance were now pluses in the correct hands. These institutions became allies, not enemies, and so their powers were augmented and unchecked.

Sports were cool, given that they offered a huge platform for the social-justice warriors among the athletes to damn the very system that had enriched them.

The higher the gas and electricity prices, the better to shock the clueless bourgeoisie that their SUVs and home air conditioners were anti-green and on the way out.

The union shop was written off as a has-been enclave of old, white dinosaurs  an ossified, shrinking base of the Democratic Party.

The media glitterati were no longer to be mocked as empty suits and pompadour fools, but rather treated as useful foot soldiers in the revolution.

So what happened to turn the party of Harry Truman, JFK and even Bill Clinton into a woke neo-Maoist movement?

Globalization created a new multibillion-dollar consumer market for American media, universities, law firms, insurance groups, investment houses, sports leagues and entertainment outlets, not to mention the internet and social media.

In contrast, work with hands was passe, the supposed stuff of deplorables and clingers  and so better outsourced and offshored.

Traditional Democrats were seen increasingly as namby-pamby naifs who rotated power with establishment Republicans. Now with money and institutions in its hip pocket, and cool popular culture on its side, the left would not just damn American institutions but infect them  alter their DNA and reengineer them into revolutionary agencies.

So here we are with a near one-party system of a weaponized fused media, popular culture and the administrative state  confident that all Americans will soon agree to love Big Sibling.


Victor Davis Hanson is a distinguished fellow of the Center for American Greatness.

COPYRIGHT 2021 Tribune Content Agency, LLC.

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