The maker of a popular hot sauce whose company faces possible government regulation says the U.S. reminds him of communist Vietnam, a country he escaped more than 30 years ago.
“Today, I feel almost the same [as when I left Vietnam],” David Tran, president of Huy Fong Foods, told NPR. “Even now we live in the USA, but my feeling, the government, not a big difference.” Continue reading
The foundation of the Soviet model of trade and investment was centralization under the guise of “universal public ownership”. The entire goal of communism in general was not to give more social and political power to the people, but to extinguish alternative options and focus power into the hands of a select few. The process used to reach this end result can vary, but the goal always remains the same. In most cases, such centralization begins with economic hegemony, and it is in our fiscal structure that we have the means to see the future. Sovietization in our financial life will inevitably lead to sovietization in our political life.
Does the U.S. economy’s path resemble the Soviet template exactly? No. And I’m sure the very suggestion will make the average unaware free market evangelical froth at the mouth. However, as I plan to show, the parallels in our fundamentals are disturbing; the reality is that true free markets in America died a long time ago. Continue reading