We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.

Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

Anti-Brexit howler of the day

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.

How hard is it to understand profit and loss, supply and demand?

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.

Conservative MP Tom Pursglove is delivering a letter to the prime minister this afternoon calling on the government to ignore EU rules on state aid and consider nationalising the steel industry. As a prominent campaigner for Britain to leave the EU, it is no surprise that he believes Britain would be in a better position to protect the steel industry if we were not bound by EU rules. Those on the other side of the referendum debate point out that the EU is our most important market for steel, with more than half of our steel exports going to the EU and more than two thirds of our imports coming from it.

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?

Britain leaving the EU will be disruptive: that is (mostly) good

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.

 

 

Samizdata quote of the day

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.

Eamonn Fitzgerald

Samizdata quote of the day

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.

Iain Martin

No one owns a culture

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 😉

Conscription comes to Britain

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.

By Wkloot - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=38219353

By Wkloot – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=38219353

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.

ServeTheGuns

To defeat Islamism we need more freedom not less

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.

  1. It seems obvious but there seems to be so much denial going around that it has to be said: there is a war. Islamists are seeking to impose their will upon us – libertarians, Westerners, call us what you may – by violent means.

  2. There is much to fear from an Islamist victory. You only have to look at what Islamic rule means. It is bad news for anyone who likes alcohol, opposes animal cruelty, is gay, is a woman or thinks there’s no god, or there is a god but that his name is not Allah and that he didn’t write the Koran. Perhaps most important would be the loss of freedom of thought. Islam doesn’t do freedom of thought. It is also likely that as the Islamists tear down free-ish markets, mass starvation would ensue.

  3. They are winning. People are becoming less and less willing to criticise Islam. This is particularly true in universities. More and more women are covering up in public. At the last UK general election, the leader of the opposition was calling for the introduction of blasphemy laws. Recently Douglas Murray, the anti-Islamist writer, has had to stop advertising his public appearances in advance.

  4. The key front is not in the Middle East – I regard Western adventures in that part of the world as little more than displacement activity – but here, at home, in the West. Islamo-loons in the Middle East just can’t do that much harm. In the West they can and do. To that extent maybe it wouldn’t be such a bad thing if the Islamic State became established. Let it rip. Give them all the rope they need to hang themselves. Let the world see that a state run on Islamic lines can’t work. A pity for the inhabitants but much the same was true for the Soviet Union.

  5. There is a widespread belief that there is a trade-off between freedom and security. This may sometimes be true – wartime censorship comes to mind as a possible example – but not in this case. What we need is more freedom, not less.

    Some examples:

  6. The right to keep and bear arms. Owning a gun and knowing how to use it would make it much harder – although by no means impossible – for the Jihadi. It is worth bearing in mind that during the Troubles, off-duty security-force personnel were allowed to carry Personal Protection Weapons (PPWs). No, it didn’t defeat the IRA but (one assumes) it made them rather more cautious. This was at a time when gun laws on the mainland were becoming ever more restrictive. I find it amusing that in the British Bill of Rights there is a right for “His Majesty’s protestant subjects” – or some such – to possess firearms. Why? Because at the time they were involved in a religious war with Catholics being the enemy. It is worth reminding ourselves who won that one. It is also worth reminding ourselves that by the time of the Napoleonic wars Catholicism had become more or less innocuous.

  7. Welfare State. We need much less of it. We need to make jihadism more of a part-time activity and less of a full-time one. So, less unemployment benefit, less housing benefit. It would do wonders for the deficit. As Paul Marks has pointed out from time to time, the corollary to this is that we need far fewer restrictions on employing people. So, an end to employment laws and fewer planning restrictions. Employers need to be able to build the workplaces of the future and people need to be able to live near them.

  8. Religious Discrimination. It should be legal to discriminate on grounds of religion. At very least it might make it harder for the Jihadis to get jobs and with fewer jobs they’ll have less money for arms. It might also encourage the non-Jihadi Muslims to differentiate themselves from the lunatics. Might.

  9. End Government air security. Privately-owned airports and airlines will make a much better job of security than the government. My guess is, that equipped with the right to discriminate many airlines will refuse to accept Muslims at all. Or maybe, only after they have gone through onerous security checks. Perhaps we will see the creation of Muslim Air – an airline that only takes muslims. It will, at least, be interesting to see what the jihadis’ attitude to bombing that will be.

  10. An end to government involvement in universities. Although I am far from sure of the mechanism by which state involvement translates itself into the closing down of free speech on the campus – somehow the state manages the trick. Sever the link, allow universities to become diversities and watch as free speech reigns and Islamism withers.

Djokovic serves up an ace… fault called

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.

Moore said female players “should get down on their knees” in thanks to male counterparts such as Roger Federer and Rafael Nadal. The South African – a former player – later apologised for his “erroneous” remarks.

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.

12 Saying, These last have wrought but one hour, and thou hast made them equal unto us, which have borne the burden and heat of the day.
13 But he answered one of them, and said, Friend, I do thee no wrong: didst not thou agree with me for a penny?
14 Take that thine is, and go thy way: I will give unto this last, even as unto thee.
15 Is it not lawful for me to do what I will with mine own? Is thine eye evil, because I am good?
16 So the last shall be first, and the first last: for many be called, but few chosen.
17 And Jesus going up to Jerusalem took the twelve disciples apart in the way, and said unto them,
18 Behold, we go up to Jerusalem; and the Son of man shall be betrayed unto the chief priests and unto the scribes, and they shall condemn him to death,
19 And shall deliver him to the Gentiles to mock, and to scourge, and to crucify him: and the third day he shall rise again.
20 Then came to him the mother of Zebedee’s children with her sons, worshipping him, and desiring a certain thing of him.

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?

A reminder: opposing the EU does not have to be about immigrants

Tyrannical EU threatens our liberal laws

“If Britain is at little risk of such tragic convulsions, it’s exposed to the EU’s progressive authoritarianism in more surreptitious ways. The jurist Sir William Blackstone articulated the presumption of innocence, a cornerstone of British justice: “It is better that ten guilty persons escape than that one innocent suffer.” The Napoleonic code that influenced much of continental Europe, and the EU, lacks that respect for individual liberty.

Take the European arrest warrant (EAW). Innocent British citizens have been subjected to Kafkaesque justice systems by a fast-track process that sidesteps basic safeguards. In 2014, Keith Hainsworth, an Ancient Greek tutor sightseeing in Greece, was wrongly accused of setting a forest ablaze. Arrested without a shred of evidence, a five-week nightmare saw him holed up in a notorious Athens jail. A Greek judge eventually released him, admitting a simple error that could have been cleared up with one phone call. The Hainsworths were left with legal bills approaching £40,000.”

– 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,

What is the European Commission doing to improve the access to financing for start-ups and SMEs?

David Muxworthy is adamant that without the EU’s financial assistance, he would have been forced to give up more of the equity in his company to private investors. He is the chief financial officer of MyPinPad, a state-of-the-art technology company that specialises in authentication solutions for devices like mobiles and tablets.

According to this year’s European Parliament annual report, there are around 22 million SMEs (small and medium-sized enterprises) like Muxworthy’s operating in the EU, providing two thirds of private sector employment – around 75 million jobs. The International Monetary Fund describes these sorts of businesses – agile, innovative, entrepreneurial, job-creating and growing – as the “backbone” of the European economy. The EU is well aware of SMEs’ importance and has set up a series of financial organisations to help them fulfil their potential. Localisation is a key consideration, and focus is often given to geographical economic “clusters”.

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.

Trump v Putin

The wonderful Gary Kasparov finds that Donald Trump reminds him of someone:

Trump doesn’t talk much about policy and is incoherent when he does. This makes it difficult for the pundits to make useful policy contrasts with the other candidates. This is by design. When Trump’s lies and flip-flops are pointed out, he presses on twice as loudly as before. What Trump does talk about relentlessly, instead of policy, are simple words with positive connotations. “Strength”, “power,” “greatness”, “energy”, “winning”, “huge”, “amazing.” Trump delivers these words, over and over, with the bravura of a carnival barker and the righteous anger of the oppressed, the trademark combination of the populist demagogue.

Trump also refers regularly to how he will demolish any and all critics and obstacles, from entire nations like Mexico to elected officials like Speaker Paul Ryan. He doesn’t talk about boring things like legality or procedure or how any of these threats and promises will be carried out. Before anyone can even ask, he’s on to the next audacious claim. “It will be taken care of!” “He’d better watch out!” “We’ll take the oil!” “They’ll pay for it all!” “It will be amazing!” Bold, decisive, fact-free, impossible, who cares? His followers love it.

All of these rhetorical habits are quite familiar to me and to anyone who has listened to Russian media—all state controlled—in the past decade. The repetition of the same themes of fear and hatred and racism, of victimhood, of a country beset by internal and external enemies, of how those enemies will be destroyed, of a return to national glory. How the Dear Leader apologizing or admitting error shows weakness and must never be done. Inspiring anger and hatred and then disavowing responsibility when violence occurs. It’s a match. As is the fixation with a leader’s personal strength and weakness, intentionally conflated with national strength and weakness.

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?

How the fettering of capitalism caused and then prolonged the Great Depression

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:

The genesis of the Great Depression lay in the inflationary monetary policies of the U.S. government in the 1920s. It was prolonged and exacerbated by a litany of political missteps: trade-crushing tariffs, incentive-sapping taxes, mind-numbing controls on production and competition, senseless destruction of crops and cattle, and coercive labor laws, to recount just a few. It was not the free market that produced twelve years of agony; rather, it was political bungling on a scale as grand as there ever was.

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.