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]
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But the proposed UK law would go beyond just FaceTime and iMessage to encompass all Apple products.
Earlier in January, civil liberties groups including Big Brother Watch, Liberty, Open Rights Group and Privacy International, put out a joint briefing opposing parts of the bill.
The groups said they were concerned the proposed changes would “force technology companies, including those based overseas, to inform the government of any plans to improve security or privacy measures on their platforms so that the government can consider serving a notice to prevent such changes”.
They added this would be “effectively transforming private companies into arms of the surveillance state and eroding the security of devices and the internet.”
– Zoe Kleinman
“In the UK, the Financial Reporting Council has just opted against including ESG requirements in the UK Corporate Governance Code — these were to have increased the role of audit committees in overseeing ESG and expanding diversity and inclusion. BlackRock Inc. Chief Executive Officer Larry Fink rarely mentions ESG any more. Elon Musk reckons that “DEI must DIE.” Bill Ackman (whose money matters) has called DEI the “root cause” of the sharp rise in anti-semitism at US universities. Donald Trump has promised to cancel all DEI initiatives across the federal government. The courts have already called a halt to race-based affirmative action at US universities, and last year the Attorney Generals of 13 US states wrote to Fortune 100 CEOs to let them know they would face serious legal consequences if they were to treat people `differently because of the color of their skin.'”
– Merryn Somerset Webb. She argues that much of the driving force is not just the absurdities of much environmental and “diversity” policies, but the brute fact of rising interest rates. Companies’ balance sheets and cost control issues are taking more urgency. ESG/DEI or whatever other piece of fashionable stuff is a lot harder to justify when capital is no longer “free”.
I trust and hope that interest rates remain around current levels for many more months to come, so as to force firms to compete harder for capital, to put it to genuinely profitable uses, reward long-term saving and habits of thrift and competence, and other generally good things.
As an aside, I can recommend The Price of Time, by Edward Chancellor, which demonstrated the great harms caused by artificially low interest rates over the centuries.
This is c. 7 years old, but it is quite marvellous and a tribute to the great tradition of engineering in Sweden. A video done by a Swedish chap who built himself a pulse-jet powered sledge or ‘ice boat’ to run around on frozen lakes. It is basically a V1 doodlebug-type engine on a frame, with some seats and steering. What strikes me is the need for some form of suspension.
I have set the video where it has its first ‘ice road test’.
“BBC ‘misrepresented’ Covid risk to boost lockdown support, inquiry told”, the Telegraph reports.
Note that the person doing the telling is not some random conspiracist but Sir Mark Woolhouse, OBE FRSE FMedSci, professor of infectious disease epidemiology at the University of Edinburgh. Professor Woolhouse was an adviser to the Scottish government during the pandemic, although he says it did not often take the advice he offered. He also sat on the Scientific Pandemic Influenza Group on Modelling, a sub-group of the UK government’s Scientific Advisory Group for Emergencies, usually known by its acronym “SAGE”. The Telegraph report by Scottish political editor Simon Johnson says,
The BBC was allowed to “misrepresent” the risk posed by Covid to most people to boost public support for lockdown, the UK Covid Inquiry has heard.
Prof Mark Woolhouse, an eminent epidemiologist and government adviser, lambasted the corporation for having “repeatedly reported rare deaths or illnesses among healthy adults as if they were the norm”.
He said this created the “misleading impression” among BBC News viewers at the start of the pandemic that “we are all at risk” and “the virus does not discriminate”.
In reality, he said it was known at the time that the risk of dying from Covid was 10,000 times higher in the over-75s than the under-15s.
But Prof Woolhouse told the inquiry the BBC did not correct its reporting, saying: “I suspect this misinformation was allowed to stand throughout 2020 because it provided a justification for locking down the entire population.”
Ah! A testable proposition. So, currently the UK government takes 45% of everything, 45% of all economic effort and GDP.
The US government – at all levels – consumes about 28% of GDP, the Indonesian about 11% (yes, 11%) and Singapore’s some 17% or so.
So it would seem that economic dynamism is indeed associated with less than the UK’s confiscatory tax rates. Even, that fructifying idea has some empirical legs.
As ever, all economics is either footnotes to Adam Smith or wrong.
– Tim Worstall
It looks like we all missed a major story:
After tense and protracted negotiations, delegates at the United Nations climate conference COP28 have agreed on a deal that calls on countries to transition away from fossil fuels. It is the first time that nations have agreed to such a transition, and marks a major step forward in climate ambitions.
–Wired magazine, referring to the 28th UN climate conference, held in Dubai in December 2023. These conferences are officially known as the “Conference of the Parties”, hence the abbreviation “COP”. COP28 was also the subject of this BBC story:
Once the gavel came down in Dubai, the warm words flowed – but will it really have an impact on climate change?
The agreement reached in this glitzy metropolis for the first time nails the role of fossil fuel emissions in driving up temperatures and outlines a future decline for coal, oil and gas.
In UN terms that is historic, and the biggest step forward on climate since the Paris agreement in 2015.
This comment came from someone calling themselves “D1703020689244”:
It’s the same recipe every time.
Argument, confected fury, conference schedule delayed for last minute negotiations, text issued at midnight, gavel comes down, handshakes and cheers.
Who are they fooling other than themselves.
They have a point. The gavel does not always come down literally at midnight, but a pattern can be observed. Who could forget that nailbiter of a finish in Glasgow for COP26 in 2021:
The deal was reached with nearly 200 countries at 7.40pm – more than 24 hours after the two-week summit was scheduled to finish.
It was rivalled in drama only by the the Paris climate change talks of 2015:
In the final meeting of the Paris talks on climate change on Saturday night, the debating chamber was full and the atmosphere tense. Ministers from 196 countries sat behind their country nameplates, aides flocking them, with observers packed into the overflowing hall.
(Spoiler: there was a deal. Not just “a” deal but the world’s greatest diplomatic success. Ever.)
That last-minute deal was rivalled in drama only by – wait, am I allowed two “rivalled onlies”? Probably not. OK, Paris was non-rivalrously rivalled in drama by the “last-minute deal” that saved COP15 in 2009:
The United Nations climate talks that seemed headed for sure disaster were saved from utter collapse late Friday night in Copenhagen, after leaders from the U.S., India, Brazil, South Africa and China came to an agreement to combat global warming.
COP13, Bali, 2007:
Late-night drama pushes US into climate deal
The conference had overrun by a day, despite several night-time sessions. As the wrangling continued, and with no palpable signs of progress, UN Secretary General Ban Ki-moon, who had already left Bali for East Timor, was forced to return to rescue the deal from disaster. In a tearful address to delegates, he pleaded: ‘The hour is late. It’s time to make a decision. You have in your hands the ability to deliver to the people of the world a successful outcome to this conference.’
COP11, Montreal 2005:
Weary negotiators finally agreed the revised statement as the talks dragged on into the small hours. They also agreed an action plan among Kyoto members to extend the protocol when its first phase expires in 2012.
COP7, Marrakech, 2001:
They negotiated the terms of a new climate change agreement through the night, and at dawn the exhausted delegates achieved success.
COP3, Kyoto, 1997:
The Kyoto Climate Change Conference has just ended in agreement. Industrialised nations have agreed to reduce their greenhouse gas emissions by a total of 5.2% under a differentiated target scheme. This has been one of the most complex international negotiations that has taken place and the governments of the world took it down to the wire.
Kyoto was another all-nighter, apparently. I tried to find some equivalent drama about COP2 (Geneva) and COP1 (Berlin), but that was before they were famous.
And now it’s after they were famous. The plots got too samey. Not even the magnificent opening speech to the COP26 delegates in Glasgow given by Boris Johnson (as documented by the late Niall Kilmartin) was enough to revive interest.
P.S. My apologies to any readers misled by the title of this post. If you want to know where you can be sure of experiencing a satisfying climax, try Azerbaijan.
“There were no marches for Adam Smith or posters of Milton Friedman at Davos this year, but the applause for the combative defense of free markets by Argentina’s new libertarian President Javier Milei was more than polite. Citing the contrast between ages of stagnation and the miracle of accelerating progress in the modern era, Mr. Milei reminded his audience that `far from being the cause of our problems, free-trade capitalism as an economic system is the only instrument we have to end hunger, poverty and extreme poverty across our planet’.”
– Walter Russell Mead, WSJ ($)
A couple more from the paywalled article:
His words resonated because, as one heard in panel after panel, the empirical foundations of the fashionable statist view appear to be crumbling. For now at least, the China miracle seems to be over. Beijing isn’t only suffering one economic shock after another. Its worst problems—demographic decline, a property bubble, overinvestment in manufacturing, and fear of arbitrary state actions against both foreign and domestic businesses—are the result of government planning gone wrong. As China doubles down on repression, its economic problems get worse.
Fifteen years after the financial crisis, meanwhile, tightly regulated Europe has fallen behind the U.S. Using chained 2015 dollars to minimize the effect of currency fluctuations, total European Union gross domestic product in 2008 was 81% that of the U.S. In 2022 it was 73%, hardly an argument for the European way.
The final point is a good one. These days, only the more ardent fans of the Brussels machine really claim that EU membership has had, or could have, a transformational impact on economic growth. That argument, to the extent it made sense, is a dead letter.
So, in spite of the Russia/Ukraine war, the growing conflict in the Middle East and the Chinese military threats to Taiwan, Ursula believes the most important issue facing the world is “disinformation and misinformation” – basically what we plebs are allowed to see and hear. And she believes a key role for the elites is rebuild trust in the plans the elites have for us by protecting us against being fed information which she and other leaders consider to be potentially harmful or polarising.
– David Craig
One can see why this idea has taken off again: it sits at the intersection of two of the most voguish ideologies of our time, namely, woke progressivism and anti-capitalism. It is a story about white people – white men, mostly – oppressing non-white people, which also doubles up as an “original sin” story of capitalism.
But is it actually true that imperialism makes countries richer? Does imperialism make economic sense?
This question was already hotly debated at the heyday of imperialism. Adam Smith believed that the British Empire would not pass a cost-benefit test.
– Kristian Niemietz
Donald Tusk sends riot police to purge media of critical journalists – and suddenly the EU has nothing to say about the ‘Rule of Law’
– Will Jones
…are said at Davos.
This is an AI translated version of Milei’s speech, in which he uses words like “parasites”.
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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