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British

Sell Sovereignty Rights

Imagine if you knew someone with a house made of solid gold. Imagine if he had run out of food, and had no income. Would you buy him food for the next ten years? Or would you suggest he sell a small piece of his house, and pay for his own food?

Right now, many countries are in a similar position. Venezuela and Greece are the most well known, but dozens of other countries are struggling and demanding foreign aid.

But the fact is: they don't need foreign aid. They all have large quantities of the most valuable resource on earth: sovereign territory.

Normally, when you buy land, you don't also buy sovereignty rights. You cannot treat your house like a private country, setting your own laws, regulations, and taxes.

But any country can theoretically sell you those sovereignty rights. Sovereign rights over land have been sold many times in history. Obviously sovereignty rights are much, much more expensive, but that just makes them a great way for desperate countries to quickly raise capital.

Most countries have huge amounts of unused, state-owned land. Selling sovereign rights to that land to private companies would quickly raise billions of dollars in capital. For some countries, the sale of a small piece of sovereign land could eliminate their entire debt.

Other countries might consider selling sovereignty rights to current property owners. Those who already own large amounts of land or developments could also be interested in purchasing sovereignty rights.

Of course, the creation of new, private countries would benefit everyone else. How much would a hundred new Hong Kongs help the global economy? As private nations competed with public nations to offer better services, lower taxes, and lower regulations, it would force all countries to improve.

Citizens would also have more choice. You could choose to live in a private nation in which all drugs and all alcohol were banned. You could live in a nation where everything was legal. Because private countries would be smaller than public ones, you could easily leave or avoid countries whose rules you found objectionable.

Some private countries would look like Hong Kong. Others like Monaco. Others like Silicon Valley. And there would be plenty like nothing we've ever imagined before.

The U.S.government should first stop all foreign aid, and stop any direct or indirect funding of the World Bank or IMF. Then, encourage countries to sell sovereign territory, allowing the creation of many more private nations. Finally, we must politically pressure our own governments to extend preemptive and immediate diplomatic recognition to all new sovereign nations.

The benefits: more money for desperate nations...without IMF strings attached. More choice for citizens who want to move to an innovative, new nation...or a very traditional, conservative new nation. Many different experiments in governance, as we find new and better ways to run countries.

Small, private, entrepreneurial nations will revolutionize and improve governance just as much as small private entrepreneurial companies have repeatedly revolutionized and improved business.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

America-exit

Over 200 years ago, a group of British citizens chose to leave the British empire. They were tired of having to follows laws and regulations set down by people that they didn't vote for. They were tired of having to pay for massive debt. They didn't want anyone to tell them who they could buy from or sell to.

At the time, the choice to leave the British Empire must have seemed risky. It was a far larger and more powerful organization than the current EU. Choosing sovereignty over being part of a massive economic empire must have seemed crazy.

But those Brits who became the founders of the most powerful economy on earth, knew that control over your own destiny matters. They knew that allowing others to make bad policy was a horrible idea, no matter how economically powerful they pretended to be.

A few days ago, we saw that 17 million Britons still have the will to be free and prosperous. And they will have a chance to do so...if they can truly follow the example of the renegades who founded America. If they can prioritize freedom over welfare, innovation over regulation, and self determination over obedience, we'll see a new bastion of economic growth and innovation across the Atlantic.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

Brexit: The British Pound Will Be Fine

Fear mongers have said that the pound is "taking down the Euro." Nonsense.

Remember group projects in school, in which a few people would work together and everyone would get the same grade? You always wanted as many A students and as few D students as possible in your group.

The EU is like one of those groups. It had two A students: Britain and Germany. It also had 26 D students. Now one of those A students is leaving.

The pound is going down for a simple reason: investors are pulling out of crony capitalist companies whose primary value is special privileges from EU regulators. That lowers demand for those stocks, and thus lowers price.

Those investors have started looking for innovating and productive companies instead. In a few weeks or months they will find those companies. At that point, demand for those new stocks (and their prices) will rise.

But what about the euro? Why did the price of the Euro fall? If the pound falls, if anything, the Euro should go up. After all, the dollar and yen did, as people looked for temporary alternatives to the pound. If people believed in the EU, then nothing much would have changed in the euro.

The euro dropped because people don't want to invest in D student economies. A thousand fools don't make a wise man, and 27 D students don't make an A student. That's why the Euro has been steadily declining for years. Free trade is good; but welfare for lazy countries more than cancels out the gains from free trade.

Maybe Germany can carry the rest of Europe, keep bailing out Greece again, etc. Maybe it can't. Maybe it will also exit, and let the D student countries fend for themselves.

The fall in the pound is just temporary rearrangement. If Britain moves towards capitalism and away from welfare socialism, the demand for the pound will go right back up. But the euro?

It would require a massive movement away from current socialist policies and towards a massively freer market. No one would be happier than I if that happened in Europe. I would love to see modern Greece reach the work ethic and greatness of Ancient Greece; I would love to see a France that followed the effective economic policies of Bastiat. I would love an Italy as innovative, resourceful, and hard working as it was in the early Roman republic.

But I doubt that will happen until the EU finally goes the way of the USSR.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

Brexit: Good Riddance Goldman Sachs

Goldman Sachs has threatened to leave London after the UK leaves the EU. That's like cancer threatening to leave your body.

Goldman Sachs is the co-creator of the 2008 American recession, and the primary creator of the Wall Street Bailout, in which hundreds of billions of dollars were stolen from producers and given to financial parasites. They then contributed to the Greek financial collapse.

There are some companies that you just don't want around. Halliburton, Monsanto, and Goldman Sachs are at the top of the list. These companies are rich, but their wealth comes from cronyism and corruption, not from the creation of value.

They are the worst of the crony capitalists. They produce nothing of value, but instead manipulate government into making them rich at the expense of hard working producers.

No country needs companies who get rich off of government sanctioned theft instead of productivity. Imagine how much better off America would have been if companies like Goldman Sachs had not turned a minor housing surplus into a massive financial catastrophe.

As Britain transition from a cronyist, EU economy into an innovative, independent one, it will need great innovators and producers. It will not need reckless financial parasites. It will not need the company whose largest financial success in its history was getting bailed out for its staggering incompetence.

The only possible downside of Goldman leaving London: they might bring more of their people to America. While jobs are usually good, it's never great to have parasitic, crony capitalist, corporate welfare queens around. Maybe we can ask Trump to build a wall to keep them out.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

Brexit: Positive Market Readjustment

In a couple hours, you may see the British pound and stock exchanges massively fall. Here's why that's good:

1. For the last several years, investors have been strategically investing in crony capitalists. They have been investing in whichever companies had most political influence to get special favors from EU regulators.

2. With Britain out of the EU, that no longer makes sense. Special favors from EU regulators don't matter as much now in Britain.

3. Investors' first step is to pull money out of stock in those crony capitalist companies. Those corrupt companies just aren't as valuable any more. When investors leave crony capitalists companies, stock prices will obviously fall, and the demand for the pound sterling will also fall.

4. Their next step is to find innovative, productive companies to invest in. It will take several weeks or months to figure out who those companies are. Few investors have been looking, since it didn't matter. In the EU, innovation doesn't matter as much as political influence. But in Britain, innovation will be king.

5. Once investors figure out which new, innovative companies to invest in, demand for British stock and currency will increase again.

As long as Britain can stay competitive by lowering taxes and regulation, its economy will grow. They've thrown off the yoke of the EU. If they can throw off the yoke of their own socialism, they will succeed.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

Brexit: Truly Free Labor

Free flow of labor is great - but that's not what the EU provides.

The EU makes it easy to hire workers from within the EU. They make it nearly impossible to hire skilled workers from outside the EU. If you want to hire a skilled engineer from outside the EU...good luck.

In other words: you can hire anyone you like from 28 socialist factories of laziness. But it's much harder to hire anyone from anywhere else.

Dyson, for example, routinely needed to wait four months to hire the engineers it needed. Imagine the struggle of smaller companies!

Britain now has the option to continue that insane policy, if it wants. It can hamstring its own industries by preventing companies from hiring skilled and productive workers from outside the EU.

But it can also turn that policy around without any approval from Brussels.

While the rest of the EU prioritizes refugees, Britain can prioritize engineers. While the rest of the EU makes it easier for people to not work, Britain can make it easier to be productive. Britain can invite the best and brightest from the other 160+ countries. They can help grow industries and create more jobs for Britons.

Britain has its own socialist welfare and statist policies to fight. But if it can overcome them, it can become the center of growth and innovation in Europe.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

Brexit: New Investment Opportunities

Brexit's effects on stock markets don't mean what many think they do. In fact, the short term stock market hit is just a sign that investors are figuring out which new, innovative companies to invest in.

The price of a stock is based on two primary factors: risk and expected return. A highly volatile stock with an expected return of 10 percent will be in lower demand than a highly stable stock with an expected return of 10 percent. Thus, while many investors are pulling out, most of that is coming from uncertainty, not from a lack of expected growth.

Much of that uncertainty comes from this: investors don't know which companies to invest in. That's actually a good thing.

When Britain was part of the EU, it was easy for investors to know which companies to invest in. They just had to look at the big, politically influential companies. Those are the ones with growth opportunities, since those are the ones that can manipulate EU policy to get unfair advantages. Those companies are huge and easy to find.

Now everything is changed. The best companies are no longer the ones with the most EU influence. They are the ones who are the most innovative and productive. The problem: right now, investors have no idea who the hell those people are. Is it the small family owned business that no longer has to follow EU restrictions? Is it the teenager whose brilliant idea no longer requires EU approval? Is it the group of university students whose startup can go ahead without EU permission?

During the next four years, Britain has the opportunity to allow natural innovation cycles to take place. During this time, venture capitalists will be looking for the next great ideas from the nation that produced Adam Smith, Newton, and Dyson.

Stock markets will probably pick back up, as investors find the market entrepreneurs who innovate goods and services, and leave the political "entrepreneurs" who just find ways to get unfair government favors. Although, in frankness, the non-producers in the stock market matter far less than the productive individuals and businesses who generate products and services.

If Europeans are lucky, other nations will follow England's lead. Instead of a single, oppressive, overbearing, monolithic government, Europe could have 30 laboratories of innovation. And within each country, entrepreneurial innovation would be a lot easier.

In Liberty,

Arvin Vohra
Vice Chair
Libertarian National Committee

Freedom and Innovation or Bureaucracy and Slow Growth?

To All My British Friends,

Do you want freedom and innovation? Or bureaucracy and slow growth?

Tomorrow you will chose complete independence, or continued stagnation. You can continue to be dragged down by the rest of Europe's financial incompetence, socialist wastefulness, and meddlesome regulations. Or you can become Europe's prime location for innovation, entrepreneurship, business growth, and new jobs.

The investors who are nervous? Let them be nervous. They don't understand how innovation and entrepreneurship works. They don't know that if the UK leaves, it will become a haven for businesses seeking freer markets and fewer restrictions (i.e., all businesses). They don't know that a Brexit means more entrepreneurship, more jobs, and more growth.

The old, scared investors don't know what entrepreneurship is, or what innovation is. To them, business is just about numbers on spreadsheets. They have never experienced pioneering innovations, brilliant ideas, and the creation of new industries. They aren't entrepreneurs and visionaries. At best, they are financial parasites. At worst, they are the toxic advisors that make you afraid of becoming as great as you can be.

They say Brexit is a risk. Obviously. Innovation and growth always involve risk. In Silicon Valley, Los Angeles, New York, and London, great innovators take risks every day. Those risks create opportunities, jobs, and even entire industries.

Old and frightened investors may pull away from the pound sterling. So what? That just means British exports will increase in the short term.

As for the threats of retaliation from France: first, those are empty threats. They would hurt other countries far more than they would affect you. Realistically, you can expect something like what Switzerland gets (all the benefits, but none of the restrictions).

But even if you get completely shut out: so what? Look at the fastest growing economies in the world. Look at the cities with the most innovation, or the countries with the fastest growth or largest economies. What do they all have in common? They are not part of the EU. As it turns out, no one in history has ever needed France's help to innovate, grow economically, and create jobs.

Tomorrow, please make the UK the haven for innovation and economic growth that it can be. Please vote to leave.

Respectfully,

Arvin Vohra
Vice Chair, Libertarian National Committee
Entrepreneur, Founder of Vohra Method