The Medlock Post Ep. 47: Stand Up and Speak Up America
September 5, 2022
ESG investment strategies, increasingly prevalent among large asset management firms, seek to leverage passive investors' assets to steer corporate decision-making to promote progressive social and environmental priorities. ESG has often been compared to the "social credit" system used by China's ruling communist elite to enforce political conformity on its population.
September 5, 2022
Chileans were not impressed by the far-left constitution promoted by President Gabriel Boric, whose disapproval has shot past 50% since he took office in March with only 20% disapproval.
The Economist reports that all 16 regions of Chile voted against the proposal, whose 388 articles would have guaranteed Chileans more than 100 rights from "nutritionally complete and culturally relevant food" to abortion, universal healthcare and the freedom to develop their "personality, identity and life projects."
The constitution, opposed by 62% of voters, would have also imposed a 50% minimum quota for women on elected bodies and created separate governing and justice systems for indigenous Chileans. The drafting convention members were appointed by a leftist coalition that included the Communist Party.
A pro-constitution event a week before the vote featured a drag queen who "had the national flag pulled out of his rectum while his bandmates encouraged the audience to 'abort Chile,'" the Economist reported.
September 5, 2022
When ominously dark clouds roll in on a hot afternoon driven by a stiff wind, it doesn’t take a crystal ball to know a storm is coming. Yet the economic equivalent is already overhead, and no one seems to notice.
Many people are worried about the economy, and rightly so. Investors looking to the stock market have no sense of direction as major indices and commodity prices fluctuate violently. Potential homebuyers and existing homeowners alike are seeing the housing market in freefall. Workers can find jobs, but it is difficult to find work where the pay keeps up with inflation.
While all the above are troubling, they are not the scariest harbinger today for a worsening recession.
A recent viral video from the YouTube channel Fleccas Talks showed several man-on-the-street interviews testing young people in New York City on their knowledge of basic facts. Some of the questions focused on American history and civics, while others were simple, numerical-based ones. The results were depressing, as the following samples demonstrate:
Q: “When was America Founded?” A: “Probably like … 1901?”
Q: “Do you know the capital of the United States?” A: “There’s a capital?”
Q: “How many are in one dozen?” A: “Ten?”
Q: “What’s 3 x 3 x 3?” A: “Nine?”
Hellenistic thought experienced its “golden age” during the the 5th and 4th centuries B.C. This period witnessed the lives of some of history’s greatest philosophers, teachers, authors, and playwrights, and culminated with the spreading of Hellenism by Alexander the Great.
But by the end of the 1st century B.C., Hellenistic thought had been exhausted. Its creative energies had dried up; its ideas had lost their life.
As Harvard professor Georges Florovsky noted in 1957:
“The ‘ancient’ Hellenism, in fact, completed its course, and its internal limitations were spectacularly exposed. In all areas of human existence, the ‘ancient Hellenism’ found itself in a desperate impasse.”