Oh, and today’s Brexit scare story appears to be pro football. Our clubs will be stymied if they can’t employ lots of Belgians. Don’t look at the fact that they do Employ lots of Africans who, AFAIK, aren’t EU citizens.
– Kevin B.
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Oh, and today’s Brexit scare story appears to be pro football. Our clubs will be stymied if they can’t employ lots of Belgians. Don’t look at the fact that they do Employ lots of Africans who, AFAIK, aren’t EU citizens. – Kevin B. There is a steelworks at Port Talbot in south Wales owned by the Indian Tata group, which is losing money hand-over-fist. The owners appear to have thrown in the towel after 9 years, and are looking for a buyer, for a works losing a reported £300,000,000 a year. So poor old Tata is consuming its capital to the detriment of its investors, and the benefit, for now, of its staff and contractors. The reaction to this disappointing news about the works, which will doubtless be devastating for those who work there and rely on it for their own livelihoods, seems to be that ‘something must be done’, but once again the Broken Window Fallacy should be borne in mind. At present, the UK government appears to be tempering calls for nationalisation of steel works, although one Conservative MP, Mr Tom Pursglove, has come out to call for nationalisation, pointing out that Brexit would make it easier for the UK government to grant state aid to industry.
As my maths teachers used to say ‘Show your working!‘. Funny how EU rules on State Aid don’t seem to apply to farming. What is truly depressing is that almost no one, apart from a valiant chap from the IEA I heard on Radio 4 news this afternoon, is suggesting that a steel plant should be profitable, the Zeitgeist seems to be that the plant should simply exist. However, there are reports that the Chinese government is subsidising steel exports by selling it below cost price. The IEA chap on Radio 4 said that China has, in the past 2 years, produced more steel than the UK has produced in its entire history (but there are many different kinds of steel, and they are not fungible). Is anyone scared that China will up the price of steel once it has caused much capacity in the rest of the world to shut down? In recent years it has become fashionable to hail changes and technologies that are “disruptive”. The example of Uber, the business that Brian Micklethwait of this parish and others have saluted, being a classic case in point. Of course, just because something is disruptive doesn’t make it good for the consumer. Blizzards and earthquakes are disruptive, for example. (Peter Thiel, the Silicon Valley entrepreneur, has pointed out that disruption can be a painful, if not always desirable part of the process of reaching a destination, not the desired destination as such.) Even so, it seems to be highly fashionable to praise technologies if they are “disruptive”; in my daily work-related reading it is hard to avoid seeing this or that business model as “disruptive” with the strong implication that this is a Good Thing. Ironically enough, however, one of the most disruptive events that may occur in the next few months is if British voters elect to leave the European Union. This will, so critics of such a “Brexit” claim, create uncertainty and be clearly a very disruptive event. All kinds of assumptions of how things are will be turned upside down. My goodness, we poor little moppets might have to learn about how to negotiate trade deals, repeal, replace or cut down on legislation, or have to recalibrate our relations with other nations. There will be a lot of disruption. And yet apart from a few isolated examples, I see few signs of the pro-Brexit camp saying that this disruption will be a positive good thing; if anything, I sense they want to play this down, although senior Telegraph journalist Allister Heath has argued that the shock effect of Brexit will be positive for the rest of the EU (such an argument is likely to be lost on the existing EU elites barely able to conceive of life outside the comforting embrace of what they have known). It would be good if the pro-Brexit campaigners could argue two things: 1, that Brexit will be disruptive and interfere with the tranquil world of certain people, and 2, that this disruption is good, healthy, necessary and likely to trigger a run of reforms and changes that otherwise are unlikely to happen.
Did the rebels intend to take power in Ireland by force of arms, or was the entire exercise a form of sacrifice in which a small group of idealists offered themselves up to inspire a larger number? “What happened on Easter Monday in Dublin is open to interpretation,” writes Tóibín. “As a military event, it makes almost no sense. Taking St Stephen’s Green, rather than Dublin Castle, suggests poor planning and lack of strategic thinking.” Indeed. Instead of capturing the city’s arsenal or barracks, the rebels occupied a post office, a bakery and a public park. This was revolution as performance art. It is manifestly clear that the idea that the EU equals security and Brexit equals isolation (splendid or otherwise) for Britain is complete bunkum. It should be perfectly possible for the major players to cooperate against ISIS as national governments, within or outwith the European Union, and to work together closely, without the need for an ever-expanding and self-serving EU superstructure. The whole notion that culture can be “appropriated” in any negative sense is one of the most absurd notions being bandied about (and that is really saying something given the carnival of absurdities that passes for critical thinking these days). Such ideas about culture are profoundly fascist in origin, a collectivist notion that somehow culture and identity must be preserved in a “pure” state from outside influences and somehow “belongs” to an ethno-national grouping. It is very much akin intellectually to abominating miscegenation. Yet strangely the same people who spout such arrant nonsense tend not to picket performances featuring oriental ballet dancers or black opera singers (as well they shouldn’t). Sorry (not really) but the future is cosmopolitan and voluntary. I will take whatever aspects of any culture I think are worth incorporating and there is not a damn thing anyone can do to stop me. And if some collectivist jackanapes is offended by my “appropriation”, well take a guess how many fucks I give because that just makes it all the more delicious 😉 A few months ago I posted a graph of UK longevity and invited readers to guess when the NHS was created. This was difficult for the simple reason that the NHS had no effect on UK longevity. In similar vein I now produce a graph of First World War recruitment. Now I could ask the same sort of question: when was conscription introduced? However, I won’t, because lots of people will know it was in early 1916. But the same point applies: you can’t tell. This is extraordinary even to a state-o-sceptic like me. You would have thought it was a fairly simple matter to round up all the males between 18 and 40 and put them in uniform. But no. One of the reasons for this was that a large number of men were in starred (or reserved) occupations. These were industries such as agriculture and munitions manufacture that were deemed to be vital to the war effort. Indeed, in 1915 the government had to issue posters asking munitions workers to stay where they were and not join up. The truth is that voluntary means – posters, white feathers, belief in the cause – were extraordinarily successful in getting men to sign up. Family legend has it that my great-grandfather was in a starred profession (farmer) but still joined up – mainly due to being badgered to do so by the locals. There is another aspect to this. Conscript armies aren’t supposed to be very good. And yet, the almost entirely conscript British army of 1918 performed very well. I wrote this in the aftermath of the last Islamic outrage and it applies just as well to this outrage as that one. The only difference is that in the interim I have become rather disillusioned about immigration and have stripped out a rather idealistic paragraph on the subject; mainly because I don’t want it to dominate the comments. I am posting this anonymously because, well, you just never know who might be reading and how they might react.
The World no.1 mens tennis player, that well-known Scots-Irishman Jock O’Vitch, has caused some ripples in the usual areas with his remarks over the ATP (Mens) tennis tour being the bigger draw than the WTA Tour in terms of ratings and therefore being deserving of more prize money. Of course, in a free world, it doesn’t quite work like that, as it depends on the contract that you have, and the comments of the CEO of the Indian Wells tournament, a Mr Moore, appears to have led to the usual media ‘storm’ and to his resignation in a bout of pseudo-Maoist self-criticism.
In this Holy Week, should we not remember the Parable of the Workers in the Vineyard, the only bit of the Bible that resonated with me at school (apart from Balaam’s Donkey, for other reasons), as being an obvious statement of what is right and wrong.
We shall know that there is progress in the cause of liberty when those who protest against the perfectly reasonable comments of the World No. 1 are laughed at and ridiculed, and those who speak as they see things shall not cower before those who scorn reason and liberty. And where are the complaints from the same horde that sponsorship deals for some women tennis players far outstrip the earnings of male tennis players?
– From a piece by Dominic Raab in the Sunday Times. Update: There is an oddity in this morning’s edition of the Times. Under the heading “Understanding European Capital Markets”, which seems to be a series title, there is a little article that starts as follows,
Something in the tone struck me as a little off. The typeface was just very slightly different, too. Then I saw the discreetly placed logo at the top right corner. “In association with Goldman Sachs.” Ah. The wonderful Gary Kasparov finds that Donald Trump reminds him of someone:
This is by far the best anti-Trump article I have read. This is probably because, rather than be simply repelled by the man, it attempts to understand what is going on. I appreciate that Mr Kasparov is a genius but even so I wonder how well he understands terms like “trademark” (in this context), “bravura” and “carnival barker”. And what’s wrong with “taking the oil” – especially if it’s Gulf oil? It cannot be said too often and it is especially pertinent right now, given the state of the world’s economy now, and in particular given how America’s Presidential candidates are talking now: The Great Depression was both caused by and then horribly prolonged by bad governmental and political decisions. The Great Depression was not caused by unfettered capitalism. Throughout this unfolding disaster, capitalism was very fettered indeed, and it was these ever-tightening fetters which proved to be so disastrous:
That is the final paragraph of Lawrence W. Reed’s demolition of Cliché of Progressivism #33 (that it was all the fault of “Unfettered Capitalism”) for FEE (the Foundation for Economic Education). I was steered towards this piece because of its Quotulatiousness. That blog quotulates a few of the early paragraphs of Reed’s piece. I say: read the whole thing. Almost as important as how the Great Depression began and was prolonged is how it ended, just after World War 2, as Reed also explains very well. If you want a bit more detail about that recovery, and in particular of its politics, try reading the chapter on mid-twentieth century America in JP Floru’s book Heavens on Earth (SQotD-ed here), which is about eight such happy episodes around the world in recent times. The world now knows, in the words of Floru’s final chapter heading (also the sub-title of his book), “How To Create Mass Prosperity”. Or rather, the sensible parts of it do. The only uncertainly about the free-market, non-interventionist policies that Reed and Floru recommend is in whether such policies will be applied in the first place, and whether they will then be persisted with. See also this earlier posting here, which reports on, among other things, a ding-dong I had with Lord Skidelsky concerning this exact same point. |
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