INFOWARS QUOTE CHURCHILL AND THATCHER IN ATTACK ON SOCIALISM

I've seen it all now.

PJW is quoting Churchill and Thatcher to attack socialism!!

And yaarrp. That is the same Churchill who:
1. worked tirelessly to get Great Britain into WW1;
2. fucked up big time during WW1 over the Dardanelles that he was demoted and then resigned;
3. unleashed the Black and Tans onto Ireland;
4. withheld information from FDR on the Japanese fleet steaming towards Pearl Harbour so that the USA could be dragged into WW2 (that's why the official records of this information have been kept secret for 75 years!).

And that is just the tip of the iceberg concerning Churchill: a brutal tool of the British monarchy.

And yaarrp. That is the same Thatcher who:
1. was very good friends with Jimmy Savile;
2. fucked the British coal industry so we now import poor quality coal and get ripped off;
3. liberalised The City of London which contributed to the great financial crash of 2008.

And that is just the tip of the iceberg concerning Thatcher: a brutal tool of the British monarchy.



At about 4:06 into the video PJW discusses Venezuela and its shortage of toilet paper, blaming this on socialism. But what is the real cause of this shortage? CAPITALISM!!

Here is the explanation:

Assume that an importer brings into the country $1mn of toilet paper using official dollars obtained from the government at the preferential rate (toilet paper is an essential that receives preferential dollars and is also highly scarce at its regulated price). Faced with the prospect of selling the good at regulated prices at a maximum 20% nominal profit rate, there are very high incentives for the importer or associated arbitrageurs to re-export the good and resell it abroad.

Let us assume that 50% of the imported good is re-exported under these conditions and resold at the original $500,000 price. If the importer uses those dollars to import Iphones (a good which receives no preferential dollars and is sold at unregulated prices consistent with the parallel market rate in Venezuela), then the importer will be able to capture a handsome 13,400% return and be able to consume the proceeds in Venezuela.

[source : An economist just explained Venezuela's chronic shortage of toilet paper, Business Insider, http://uk.businessinsider.com/why-venezuela-is-running-out-of-toilet-paper-2015-11, 10th November 2015]

PJW cites China as a good example of capitalism. Yet in the last few years Infowars have been using China as a bad example of capitalism because factory workers are being worked so hard that they would rather throw themselves out of their factory windows and kill themselves (for example, the Apple factory at Shenzen).

Yaarrp. I've seen it all now.