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General News of Monday, 16 March 2015

Source: peacefmonline.com

Some concerned Presbyterian Youth who are members of Students Network For Nana Addo (STUNNAD) have chastised the Managing Editor of the Insight Newspaper, Kwesi Pratt Jnr. for insulting the Moderator of the Presbyterian Church of Ghana, Rev. Professor Emmanuel Martey.

According to the Concerned Youth, they are disappointed in Kwesi Pratt with the way he chose to describe the Chairman of the Christian Council and also Chairman of the National Peace Council as someone who lacks the wisdom of God.

The Pressure Group wondered why Kwesi Pratt sees nothing wrong with the level of corruption in the NDC government, the increasing rate of poverty, youth unemployment and the gross abuse of public office by NDC surrogates; describing him [Pratt] as hypocrite who has forgotten the principles of Socialism.

It is high time Kwasi Pratt Jnr. remembered the principles of Socialism rather than the Champagne Socialism he is practicing. We admonish Kwasi Pratt to undergo some decency lessons from his colleague, Kwaku Baako, who has discharged himself with much diligence devoid of insults.

Below Is The Full Statement From The Pressure Group:

We are very much disappointed with Kwasi Pratt Jnr., a senior journalist and Editor of the Insight Newspaper, whom we expected to have known better for his disrespectful comment toward Rev. Professor Emmanuel Martey, the Moderator of the Presbyterian Church of Ghana, Chairman of the Christian Council and also the Chairman of the National Peace Council.

The sworn up NDC apostle, Mr. Kwasi Pratt sunk into the gutters in his attempt to do his usual job for the NDC. He is quoted to have said that Rev. Professor Emmanuel Martey lacks the wisdom of God.

This was in response to the Rev. Marteys comment that the NDC government should concentrate on resolving the energy crisis rather than stoking an inexistent religious conflict and that if given the chance could solve the energy crisis in three (3) months with all the loans contracted in the past six (6) years, which is an open truth.

Excerpt from:
Pratt must apologize to Rev. Martey, Christians - Group

Sarah Quinn: Federal Credit Programs and the Birth of Lemon Socialism
President John F. Kennedy once said that success had many fathers, whereas failure was an orphan. One wonders what he would have made of today #39;s Federal credit programs, a vast network whose...

By: INETeconomics

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Sarah Quinn: Federal Credit Programs and the Birth of Lemon Socialism - Video

Socialism Comes To An End On The People #39;s Republic Of Sodor
Music used: https://www.youtube.com/watch?v=zqAZZmgv63Y https://www.youtube.com/watch?v=tpvq3hmCKCs.

By: The Rusty Fishplate

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Socialism Comes To An End On The People's Republic Of Sodor - Video

American National Socialism
Tribute to George Lincoln Rockwell.

By: Slavakris126

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American National Socialism - Video

A:

Command economies took most of the blame for the economic collapse of the Soviet Union and North Korea. The lesson taken from the second half of the 20th century was that capitalism and free markets were indisputably more productive than socialism and command economies.

Three broad explanations for such failure were given: socialism failed to transform the nature of human incentives and competition; political government processes corrupted and ruined command decisions; and economic calculation was proven to be impossible in a socialist state.

Soviet revolutionary thinker Vladimir Lenin first tried to implement an economic structure that lacked competition and profits in 1917. By 1921, Lenin was forced to adopt the New Economic Plan to incorporate some form of motivation for positive production.

Political economists in the western economies often argued that such motivations were still directed incorrectly. Rather than satisfying customers, the concern of the socialist producer was to satisfy his higher-ranking political officer. This discouraged risk and innovation.

In response to concerns about high executive salaries and profits, economist Milton Friedman countered regulatory thinking by inquiring, "Is it really true that political self-interest is nobler somehow than economic self-interest?"

This argument states that concentrated power in the political realm tends to flow into the wrong hands. Leninists and Trotskyites complain that Stalinist command economies fail based on political corruption, not inherent flaws in the economic system.

In 1920, Austrian economist Ludwig von Mises wrote an article entitled "Economic Calculation in the Socialist Commonwealth." Mises argued that without free markets, no correct price mechanism could form; without a price mechanism, accurate economic calculations were impossible.

Famed socialist economist Oskar Lange later admitted it was Mises's "powerful challenge" that forced socialists to try to build a system of economic accounting. After decades of trying to replicate the price mechanism in free markets, however, the Soviet Union still collapsed.

Mises responded, arguing that such attempts were doomed to failure because no monopolistic government could reasonably be "in perfect competition with itself," which is how prices arise.

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What makes command economies fail?