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Mike Shedlock

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. He operates the blog MISH'S Global Economic Trend Analysis and believes in the Austrian School of economics.


Nauseating Stupidity on Confiscating Homes for the Greater Good from The Intercept

2 months ago




When it comes to anti-war pieces and matters of the US government overstepping its bounds in matters of privacy and security, The Intercept is usually spot on.

On matters of social justice, The Intercept puts out some nauseating trash.

Intercept writer Zaid Jilani provides a perfect example with JEREMY CORBYN WANTS TO REQUISITION HOMES OF THE RICH FOR FIRE SURVIVORS — LIKE CHURCHILL DID IN WWII.

BRITISH LABOUR PARTY leader Jeremy Corbyn has a bold proposal to house the survivors of a devastating fire at London’s Grenfell Tower apartment complex in empty luxury homes.

YouGov polling found that Corbyn’s idea is popular among the British public, with 59 percent supporting it. Yet there has been a harsh backlash from the U.K.’s right-wing government and press, which equated his plan with a Marxist plot. “Suggesting requisitioning empty properties when empty student accommodation is available locally is completely in line with his Marxist belief that all private property should belong to the state,” Conservative MP Andrew Bridgen said.

But Corbyn’s plan has historical roots not in Marxist literature or state-run economies, but in his country’s own past.

To help bear the brunt of the Nazi war machine, the British government requisitioned both industrial and residential properties to accommodate soldiers and evacuees, run makeshift schools and hospitals, and train the military, among other uses.

All Corbyn is asking is that the the United Kingdom show the same compassion and patriotism as its forefathers.

Compassion My Ass

Even if one believes that confiscation of property is acceptable in wartime (try telling that to the Jews or US citizens of Japanese descent), does that make it OK now?

Confiscation of private property “for the greater good” is an even bigger government intrusion than spying on people.

Jilani’s article is so idiotic, it should be his last, anywhere.

Mike “Mish” Shedlock