“The data show that from 2000 to 2021, the number of global weather and climate disasters declined by about 10%, which is very good news and completely contrary to conventional wisdom.”
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“There is a growing Covid industry of companies selling security interventions. Some vaccine manufacturers are enthusiastically promoting repeated boosters. The private gains from PPE sales are so notorious that the Treasury should be considering a war profits tax. There is a burgeoning trade in ventilation and air-filtration equipment. Behind the push for vaccine passports are software companies with digital ID pages in search of customers.” – Robert Dingwall, Daily Telegraph. The commentary made me think of President Eisenhower’s farewell address about the “Military-Industrial Complex.” December 30th, 2021 | 10 comments - (Comments are closed)
 From the Guardian, no less (and it doesn’t mince its words):
OK, readers may ask, what’s with the energy independence headline? Well, as sometimes noted, countries such as Germany (and now Belgium) have cut back on their use of nuclear energy. Germany is a big consumer of Russian natural gas, and that reliance is going to increase via the Nordstream 2 pipeline, assuming Berlin presses ahead in the teeth of rising criticism. This gives more power to the Russian state, and to Mr Putin. In the UK, recently Shell, the energy group, decided not to go ahead with widening its North Sea oil extraction efforts, and the business of fracking in the UK is stymied. There appears zero support by the Boris Johnson administration for the UK to aggressively develop any home gas/oil sectors further. For brave little Britain, apparently, we can shrug off the winter chills and Russian nastiness with windmills, solar panels, and noble sentiments. Forgive my sarcasm, but you get the point. Western countries appear, at least on the face of it, to favour energy policies that appear guaranteed to embolden and strengthen regimes such as that of Putin’s Russia. It’s as if it was intended. December 29th, 2021 | 80 comments - (Comments are closed)
In recent years much of the narrative is that China is rising, the US and the West as a whole are declining, and that there is not a lot we can do to arrest that switch, even if it would be desirable to do so, blah-blah-blah. Liberal democracy is on the retreat, authortarianism is the new hotness, so get ready for Social Credit, compulsory school Mandarin lessons and the rest of it. Now it is true that we seem to be well capable of gutting defences of liberty on our own without Chinese influence anyway, but it does nevertheless matter, in my view, if China’s rise continues in the way it has. Well, it is possible that things aren’t going to be quite so straightforward: Check out this article from US think tanker Thomas J. Duesterberg, in the Wall Street Journal. As it is paywalled, I am going to publish a few paragraphs:
I have been covering the Evergrande saga in my day job. Let’s just say that anyone who remembers the Japanese real estate meltdown will recognise the danger signs.
It seems the Dr Evil bloke at the helm is not as smart as he’s made out.
That of course would mean efforts to counter China’s thefts of Western IP, and for Western governments to limit Chinese access to Western finance and tech. That isn’t easy. Of course, a big slowdown/recession in China will hit the West, given the web of capital and trade relations. And for what it is worth, I still think the world is far better off with a prosperous China than the horrors of Mao in the 50s and 60s. But it is plain that China’s current behaviour (Hong Kong, South China Sea incursions, treatment of various groups, IP thefts, clashes with India, etc) mean that the regime in Beijing needs a very big kick. Maybe we will see this happen in the next year or so. December 23rd, 2021 | 16 comments - (Comments are closed)
“Say what you will, but Joe Biden’s first year in office has one crowning achievement to its name. It has provided a real-time, data-rich, high-intensity and ultimately devastating case study in the defining conceit of progressive politics: the idea that government is the solution.” December 21st, 2021 | 8 comments - (Comments are closed)
When President Joe Biden said, in one of his many foolish sayings, that “Milton Friedman isn’t running the show any more”, the hubris of that comment was truly on the Greek tragedy scale. Inflation is almost at 10 per cent on an annualised basis in producer price terms in the US. Consumer price inflation is also high. In the UK, inflation runs hot. Yes, disruptions and energy price spikes are big factors, but these are structural – and ultimately, what causes prices to rise overall is because money loses its purchasing power. (See this decade-old video featuring UK-based investment figure and author Detlev Schlichter.) Across the developed world and beyond, that loss of purchasing power involves a huge shift in resources from savers to borrowers, with the latter being governments in many cases. Finance ministers won’t admit it, but they want inflation to resolve their fiscal incontinence without having to cut spending or raise taxes. The late Prof. Friedman pointed this sort of process out many times. Yes, I get that not all aspects of the Quantity Theory of Money hold up, and the “Chicago” school has its disagreements with others, such as the “Vienna” one over money, banking, etc. But the broad point seems to hold that if you print government fiat currencies on a massive scale, eventually inflation will bite. President Biden is unfit for the office he holds for a variety of reasons, and his jeering at one of the great minds of the 20th Century is one of them. Update: Bank of England slightly raised interest rates today. December 16th, 2021 | 23 comments - (Comments are closed)
“No one has fought themselves free of the intellectual stranglehold which anti-classical liberal political sentiment currently enjoys among intellectuals and opinion-formers can have any illusions about just how difficult the task will be to convince public opinion that the best solution to the manifold problems that afflict the world today is that recommended by classical liberalism. Equally, however, no one who has come to embrace classical liberalism will fail to appreciate that nothing less than its eventual triumph will enable human beings to enjoy the best lives of which they are capable. To this extent, classical liberals need have no embarrassment about being considered utopian in political aspiration. Unlike other forms of utopianism, the classical liberal variety springs less from naivety about what is humanly possible than from a suitably modest and realistic assessment about what would make human lives as good as they can be.” – David Conway, Classical Liberalism: The Unvanquished Ideal. (Page 138). St Martin’s Press, 1995. Conway also wrote “A Farewell to Marx”, which in my view is one of the most lucid demolitions of Marxism ever written. December 13th, 2021 | 19 comments - (Comments are closed)
“People who think with their epidermis or their genitalia or their clan are the problem to begin with. One does not banish this spectre by invoking it.” – Christopher Hitchens, “The Perils of identity Politics,” Wall Street Journal, January 18, 2008. This quote came from a new book by Victor Davis Hanson. December 11th, 2021 | 48 comments - (Comments are closed)
As we enter the final month of 2021 – the year of Sleepy Joe, Boris “Peppa Pig” Johnson and snarling M. Macron, there are a few words and expressions that I’d like to see the back of. Feel free to add your own to the shit-list: Build back better; December 3rd, 2021 | 37 comments - (Comments are closed)
“Two months ago an education activist told a small group in Virginia that people don’t yet understand that Americans’ relationship with public schools changed during the pandemic. For the first time ever, on Zoom, parents overheard what is being taught, how, and what’s not taught, and they didn’t like what they heard. The schools had been affected by, maybe captured by, woke cultural assumptions that had filtered down from higher-ed institutions and the education establishment. The parents were home in the pandemic and not distracted. They didn’t want their children taught harmful nonsense, especially at the expense of the basics.” – Peggy Noonan in the Wall Street Journal (paywall), pondering the losses by the Democrats in the recent Virginia elections. A state that was going “blue”, has gone “red”, and the promotion of Critical Race Theory in public, state schools is a part of why. Maybe the pushback is also a victory for a new breed of scholars and writers who are starting to seriously hammer CRT and parts of the “woke” movement, such as Helen Pluckrose and James Lindsay and John McWhorter, or in the UK, the likes of Douglas Murray. This episode also highlights why much of the Left loathes school choice. November 5th, 2021 | 24 comments - (Comments are closed)
“Capitalism isn’t perfect, but there is no perfect system, and fantasies of a world in which there are no conflicts, no borders, no pollutants, no waste, and no crime are simply that: fantasies. Capitalism has been the best means ever devised of mitigating these problems – betting everything on an unfounded pipe dream is dangerous, illogical and should not be entertained in the 21st century. It may not sound exciting but the change we need will not come from revolution, but controlled, steady and logical improvements to our existing society.” – Joshua Taggart, writing in response to the latest pollutant to come out of the brain of George Monbiot. (I hadn’t heard from Mr Monbiot lately, but he’s still there, calling for some sort of totalitarian order where growth and material advancement are strictly regulated, by people such as him. He really is quite something.) November 2nd, 2021 | 19 comments - (Comments are closed)
“COP26, not as an event but as the beginning of a process, has the potential to provoke revolution. Not certainly and not in the immediate future; but the unfolding future of climate totalitarianism, already fairly clearly delineated in the plans of governments, is the one phenomenon that anyone with an historian’s insight will identify as a conceivable long-term cause of revolution. What shape such a revolution might take, whether purely political or violent, would probably vary according to the culture of any society in which it occurred. If politicians do not heed the warning signs that will eventually proliferate, future historians may compare the assembling of COP26 to the convening of the Estates General in France, in 1789.” Read the whole thing. If you are from Glasgow, please don’t take offence. October 27th, 2021 | 21 comments - (Comments are closed)
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