RE:Student Protests 60s vs now - Implications In humor
UCLA janitor showing up to work next morning
Dan Weber
I thought Leftists cared about the environment. David Miller
Funny how you never see this after a conservative gathering.
Experienced wrote: I know from posts here that some of you were "there" during the 1960s. I was actually there and engaged in protests during that time. There are a lot of comparisons been then and what we are seeing now on the internet. For what it's worth, I will provide a brief comment on the major differences from my perspective and experience. More importantly I will give a view on the investment implications since this is an investment Board after all What are the key differences? 1....in the 60s, the protest were much larger - thousands compared to hundreds of people now 2....the protests in the 60s were actually more violent than we are seeing today. There were organized groups such as The Students For a Democratic Society (SDS) and others. In general these groups were self funded and had a limited budget. Today, the equivalent groups are funded by billionaires like George Soros and Middle Eastern Governments/benefactors. So there is clearly, an international component to this which didn't exist or was very limited in the 60s. 3....in the 60s, protests were things like being against the Vietnam War and conscription. They were purely aimed at changing policy and were not racially motivated. In fact many of the protest by whites were actually in support of blacks. Ironically, this was the central issue in the Columbia University protests in 1968 (which were cleared out on the same exact day of the year as the current police action). Today, the protest are pitting one ethnic group against another...very different from back then 4....protests in the 60s were not supported by the universities or their professors. Today, there is widespread support for the racial aspects of the protests by the professors and the university administration 5....protestors who were arrested in the 1960s faced prosecution - today most, at least those in cities run by democrats will get off probably Scott free. So there are a lot key differences (I have highlighted a few of them)...sooooo What are the implications for Investors? To me, the key thing is something that I have talked about before and that is the march in Western democracies towards Marxism. In simple terms Marxism is control of people's lives by Government whose strength comes from keeping people divided usually through some sort ethnic basis. These demonstrations are a step forward in this march and what is clearly evident is that a majority of University professors support this and are indoctrinating their students. We all know that Marxism doesn't work. History has clearly shown that it doesn't. We also know that Marxism is not good for business and causes market inefficiencies - the legislation regarding EVs is a great example for the people here. The end result of this is twofold IMO for investors... A....the more inefficiencies there are the lower economic growth and standard of living which leads to lower investment returns in general.. B....increasing inefficiencies do provide selective high yielding returns for those who are willing to look at the big picture, willing to do the "homework" and are nimble. I have talked about looking for companies who will benefit from Governments interfering in the economy and business ecosystem. So for those of you here that are younger than me, I encourage you to think about this since IMO these thoughts will be become very important to you in order to achieve your investment objectives.