Electric Cars or Else – Says Brussels by 2020 | Armstrong Economics

From 2020, European carmakers MUST comply with stricter EU regulations. On average, only 95 grams of CO2 emissions per kilometer drove are permitted per car produced. If the output is higher than that, there will be drastic fines due. The leader seems to be BMW. I bought an I8 myself which is a hybrid so it has also a gas engine in the rear but electric in the front. You really can’t beat electric for speed off the line. It will really pin you back in the seat. I must say, being a sports car advocate, it is one of the best cars I have ever owned and a love it. (I do not own BMW stock). Nevertheless, German companies are finding these requirements are unreasonable to meet 95 grams of CO2 emissions. That means the consumption of fuel must be around four liters per 100 kilometers. That is a very major objective imposed by this theory of Global Warming. The market for electric cars is really confined to Europe for regulation purposes, but the number one market is China where electricity prices are the lowest. There are no combustion cars that comply with the European standard. German carmakers to produce sedans, but they cannot avoid building cars that consume more than four liters of fuel on average and therefore they cannot meet these higher CO2 emissions standards of 95 grams per kilometer. Clearly, European car manufacturers have no choice but to produce electric cars. The fine per car that does not meet the standard will be around 13,o00 to 11,000 euros. Every German car maker will face hundreds of millions of euros in fines. The problem that the government has completely FAILED to take into consideration is the availability of electricity to fuel cars. Many are starting to look at the problem that even assuming cars can be plugged in, the demand for electricity may exceed the capacity to produce it. The installation of an electric power station at every parking lot will be expensive, to begin with. However, if every car is plugged into the power grid, then the concern becomes will we simply shift the CO2 emissions from cars to power plants? The only way to avoid that is to create more nuclear power plants, and then we have many environmentalists objecting to that solution. Of course, the world can go back to bicycles. Amsterdam has so many people commuting on bikes, it is astonishing. There are parking garages at the train station where people leave their bikes overnight and commute home by train. Here is a picture of a parking lot for bikes in Amsterdam. You will never see this anywhere else. Of course, back in the 1980s to early 1990s, there were still more bikes on the road in Beijing than there were cars. That has now changed dramatically as well. Bikes are certainly a solution, but it has its limitations for age and disabilities. Then there is weather as well, which conspires against the commuter using bikes.
— Read on www.armstrongeconomics.com/world-news/technology-world-news/electric-cars-of-else-says-brussels-by-2020/

Alexandria Ocasio-Cortez Says We Live in Hyper-Capitalism & Socialism Will Conquer the World? | Armstrong Economics

The Democrats are counting on a new generation of Socialists who know even less about how things work than just about anyone else perhaps in history. Alexandria Ocasio-Cortez has had a viral campaign video that has pushed her into stardom. Clearly, she won because of the Trump Revolution which is all about just throw the career politicians out the door. But there is a lot more to representing people. It would be nice to at least have someone who understands the subject matter. Alexandria Ocasio-Cortez created a huge backlash over her description of Israel as an occupier of Palestinian land. She describes herself as a socialist, which enthralled the Democrats who love the idea of living off of other people’s money. She calls our economic system “hyper-capitalism” and says that capitalism has not always existed and will collapse. Equality to Democrats ends with race and gender. If you make more than them, that is “unfair” and you have no right to the fruits of your own labor. And for working hard your whole life and you want to retire, well you still have to pay property and income taxes. And of course, you saved to help your children, that’s not fair that they should inherit anything they do not have so they put in inheritance taxes. So if Ocasio-Cortez has not lost the Jewish vote by saying that the Jews occupy Jerusalem, then in an attempt to explain why unemployment levels have dropped to lows of 3.9% and below under the Trump administration, Alexandria, who was an economics and international relations major, explained, “Unemployment is low because everyone has two jobs.” Obviously, she may have majored in economics and international relations, but there is clearly a reason she could not find a job and was still a waitress/bartender. It looks like she failed in both subjects. The “Firing Line” host Margaret Hoover asked Ocasio-Cortez directly if she still thinks that capitalism is not the best system for promoting the middle class. Her response was astonishing: “I think the numbers that you just talked about is part of the problem,” said Ocasio-Cortez. “Because we look at these figures and we say that unemployment is low and everything is fine, right? Well, unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their kids.” If everyone is working 60 to 80 hours and that is why unemployment is low, I do not see where she is capable of basic logic. That would mean there is a shortage of labor and room for a lot more jobs so people can work just 40 hours. Her comment that America’s economic system is “hyper-capitalism” is really strange. She defined her term: “So I do think right now we have this no holds barred, wild west hyper-capitalism. What that means is profit at any cost. Capitalism has not always existed in the world and will not always exist in the world.” Those are words right out of Marx and Lenin. They said socialism/communism would be the new world order and capitalism would collapse. In her world, what is yours is hers, and what is hers, is hers. Former workers speak out about how she was anything but fair in splitting tips. Preach what people should do, but never do it yourself.
— Read on www.armstrongeconomics.com/international-news/politics/alexandria-ocasio-cortez-says-we-live-in-hyper-capitalism-socialism-will-conquer-the-world/

She does not understand the problems, which makes her solutions flawed. Look no further than Venezuela for confirmation of this painful truth.