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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Well, maybe this is a sign of the times. A Communist dictatorship, which has gone after pesky entrepreneurs such as Jack Ma and many smaller firms, realises that this is bad for business. Who would have imagined that? It is a bit like Lenin realising, in around 1921, that shooting and jailing entrepreneurial people was not smart, so we had the New Economic Policy for a few years until Stalin turned the repression back on to full power.
The question I have, however, is whether this is a temporary change, and bad habits will resume:
China is cracking down on behaviours from law enforcement seen as detrimental to the ordinary function of private businesses, a crucial step in restoring confidence as the country embarks on a whole-of-government effort to ensure a steady, sustainable economic recovery.
– The South China Morning Post ($).
Some good stuff in the Telegraph today. “The electric car carnage has only just begun”, writes Matthew Lynn.
As with so much of the legislation passed during the last five years, setting a quota for the percentage of EVs companies had to sell probably seemed like a good idea at the time. Manufacturers now have to ensure that 22pc of the cars they shift off the forecourt are battery powered, rising steadily to 80pc by the end of this decade, and 100pc by 2035. If they don’t hit their quota, the senior executives will get ten years hard labour in Siberia (well, actually it is a fine of up to £15,000 per vehicle, but it nonetheless feels extremely draconian). Like Soviet planners in the 1950s, the architects of this legislation presumably assumed that all you had to do was set a target and everything would fall into place.
The trouble is, quotas don’t work any better in Britain than they did in communist Russia. EVs have some serious problems: the range is not good enough, we have not built enough charging points to power them, the repair bills are expensive, the insurance ruinous, and second hand prices are plummeting. Once all raw materials and transport costs are factored in, they may not be much better for the environment.
Yet the masterminds foisting this legislation on businesses don’t appear to have given much thought to what will happen if the quota isn’t met. Now Ford, one of the biggest auto giants in the world, and still a major manufacturer in Europe, has provided an answer. “We can’t push EVs into the market against demand,” said Martin Sander, the General Manager of Ford Model eEurope, at a conference this week. “We’re not going to pay penalties… The only alternative is to take our shipments of [engine] vehicles to the UK down and sell these vehicles somewhere else.”
In effect, Ford will limit its sales of cars in the UK. If you had your eye on a new model, forget it. You will have to put your name on a waiting list, just as East Germans had to wait years for a Trabant. Heck, we may even see a black market in off-the-books Transit vans. Ford is the first to spell it out in public, but we can be confident all the other manufacturers are thinking the same thing. They can’t absorb huge fines. The only alternative is to limit the sales of petrol cars.
“It is telling that Beijing and Hong Kong are more afraid of their own people than Hong Kong’s British colonial government ever was.”
– Wall Street Journal, editorial comment. ($)
“If I were prosecuting Mao, I’d further cover my bases by pointing out that he gave explicit orders to literally enslave hundreds of millions, then invoke the felony murder rule. However you slice it, Mao was a monster – and it’s high time for China to tear down his remaining posters and replace them with monuments to his victims.”
– Bryan Caplan, EconLog.
His article refers to a new study of the terrible famine, wrought by collectivisation of the Chinese economy. Communists tend to be very, very bad at farming. Property rights, incentives, etc – they just don’t get it.
Until such time as China takes a full, objective reckoning of the monster that Mao was, I don’t see much that is benign about that nation, even though this isn’t meant to be a sweeping statement about all Chinese people, of course.
This catchy Chinese-language song “People of the Dragon” by Malaysian filmmaker and recording artist Namewee has had 7.5 million views since it was posted two weeks ago. For centuries the Chinese have used puns and wordplay to poke fun at the powerful, and it seems Namewee’s song is so full of coded uncomplimentary references to Xi Jinping and the CCP – in addition to completely uncoded ones – that there are whole videos devoted to explaining them all, many of which have received tens or hundreds of thousands of views in their own right.
I think I might just possibly have guessed that it was being a bit rude about Xi Jinping, and a bit rude full stop, from the number of references to long thin intermittently rigid things, one of which forms the title of this post.
The fun begins in the very first second. Up pops a green screen with official-looking writing on it, which I gather resembles the CCP censor’s certificate that is shown before every film. Look hard at the head of the dragon. Look, too, at the number 8964 which seems to be the number given to this particular film. 89-6-4, the fourth of June 1989. A day in Chinese history when, famously, nothing happened. Fourteen seconds later, the ugly splotch that appears at the top left of the first Chinese character in the video’s title seems to let down the fine calligraphy of the rest. One would have expected someone to catch something looking like that before it all went viral… oh, wait.
I first heard of this song from this post by Victor Mair at “Language Log”, who says that the AI replication of Xi Jinping’s voice at the beginning and the end of the video is uncannily good.
The reason Beijing seems so relaxed about the crisis is obvious: this is a situation in which China wins either way. Either the threat continues but shipping is safer for Chinese vessels than for others, in which case sailing under the protection of the red and gold flag may become a coveted competitive advantage, or Beijing finally tells Iran to knock it off, in which case China becomes the de facto go-to security provider in the Middle East. Both outcomes would be geopolitical coups. No wonder China is willing to accept a little short-term economic pain as the situation plays out.
– Nathan Levine
I felt old reading this article by Adam Morgan of Esquire magazine. For a while some thirty years ago, the terms “Worldcon” and “Hugo” were part of my daily life. What happened to them?
Inside the Censorship Scandal That Rocked Sci-Fi and Fantasy’s Biggest Awards
That evening in Chengdu, in a massive auditorium shaped like the belly of a whale, Dave McCarty—a middle-aged software engineer for an Illinois trucking company and lifelong sci-fi fan who was chosen by the convention’s leaders to oversee last year’s Hugo Awards—walked onstage to thundering applause. Within the WorldCon community, he’s nicknamed the “Hugo Pope” for serving on so many awards committees over the years.
“With the help of fans from all over the world, including many fans here in China participating for the very first time, we identified a ballot of 114 deserving finalists,” McCarty said behind a podium, wearing a black tux over a white waistcoat and bow tie. “We then asked the community to rank those choices as they saw fit.”
But that’s not what happened. Something had gone horribly wrong.
Three months later, the truth came out when McCarty shared the Hugo nominating statistics on Facebook: Someone had stolen nominations from The Sandman legend Neil Gaiman, Babel author R. F. Kuang, Iron Widow novelist Xiran Jay Zhao, and fan writer Paul Weimer. All four of them earned enough votes to be finalists—and therefore eventually winners—but for unknown reasons, someone had secretly marked their works as “ineligible” after the first rounds of voting.
Among sci-fi and fantasy fans, the uproar was immediate and intense. Had government officials in the host country censored the finalists? Did the awards committee make a colossal mistake when tallying the votes, then try to cover it up? Or did something even stranger occur?
As relations with the US deteriorate, China probably has little choice but to continue to strengthen its armed forces. But it should remember that its military advances to date have been underwritten by the wealth and technological capabilities created during the last four decades of reform and globalization. To stay in the game with a richer, more innovative, and more efficient adversary and its allies, China will have to reverse its anti-market economic policies and set its dynamic private sector free.
Today, Xi’s government is doing the opposite. Instead of liberalizing markets and lowering trade barriers, China has been cracking down on private entrepreneurs and driving away foreign investors. Over time, such policies will only widen the gap of economic output with the US and make China poorer and more insecure.
Minxin Pei, columnist at Bloomberg ($). He is also professor of government at Claremont McKenna College.
He wraps up the article thus:
Without “guardrails,” a weaker rival would face two unpalatable choices if an incident spirals out of control — either back down in humiliation (as Soviet leaders did in the Cuban Missile Crisis) or risk defeat. Meanwhile, arms control agreements can help a less wealthy power avoid wasting resources on unnecessary military hardware.
Chinese strategists appear not to appreciate these benefits. Instead of responding positively to US overtures, the Chinese military has suspended dialogue to protest US support for Taiwan. Even worse, China’s recent aggressive intercepts of unarmed US military aircraft near its airspace have elevated the risks of an accidental conflict.
The Cold War may be an imperfect analogy for today’s US-China rivalry. Unless China heeds its lessons, though, the end result may be the same.
From the Wikipedia entry for Lin Biao:
Lin became instrumental in creating the foundations for Mao Zedong’s cult of personality in the early 1960s, and was rewarded for his service in the Cultural Revolution by being named Mao’s designated successor as the sole Vice Chairman of the Chinese Communist Party, from 1966 until his death.
Lin died on 13 September 1971, when a Hawker Siddeley Trident he was aboard crashed in Öndörkhaan in Mongolia. The exact events of this “Lin Biao incident” have been a source of speculation ever since. The Chinese government’s official explanation is that Lin and his family attempted to flee following a botched coup against Mao.
Wagner chief Yevgeny Prigozhin presumed dead after Russia plane crash – BBC
Wagner boss Yevgeny Prigozhin was on the passenger list of a jet which crashed killing all on board, Russia’s civil aviation authority has said.
Earlier, Wagner-linked Telegram channel Grey Zone reported that the private plane, which belonged to the 62-year-old, was shot down by air defences.
Grey Zone posted later on Wednesday that Prigozhin died “as a result of actions of traitors of Russia”.
Prigozhin led a failed mutiny against the Russian armed forces in June.
“Switching transport to electric in a short timescale will inevitably mean buying Chinese. Are we really about to force ourselves to become even more reliant on a totalitarian regime that stamps out freedom in Hong Kong, commits genocide against the Uighurs, threatens war on Taiwan and refuses to be transparent about how a pandemic began near its leading virus laboratory?”
Matt Ridley.
As reported in the Telegraph,
HSBC accused of persecuting dissident Hong Kongers who flee territory
The bank allegedly prohibited residents of the city state from making pension withdrawals
Before it decided it would be trendier to be known only by its initials, HSBC was the Hong Kong and Shanghai Banking Corporation, reflecting its historical origins. Despite its name and its subservience to a foreign government, it is a British bank. (British banks are meant to be subservient to the British government, dammit.)
HSBC has been accused by UK and US politicians of persecuting dissident Hong Kongers who leave the country over pension rights.
Alicia Kearns, a Conservative MP and chairman of the foreign affairs committee, and Mike Gallagher, the US Republican representative, wrote to bosses at the FTSE 100 lender expressing “deep concern” about HSBC prohibiting some Hong Kong residents from making pension withdrawals.
In the letter to chief executive Noel Quinn, which was first reported by the Financial Times, Ms Kearns and Mr Gallagher wrote: “We are concerned that HSBC – in support of the Hong Kong National Security Law – is withholding pension funds from BNO [British National Overseas] passport holders and thus contributing to the oppression of people in Hong Kong.”
The rebuke comes as HSBC faces growing scrutiny of its activities in China and Hong Kong, where it has been accused by British MPs of complicity in human rights abuses.
HSBC supported a Beijing-backed law introduced in 2020 that banned anti-government activity in the former British colony. At the time, the bank said it “respects and supports all laws that stabilise Hong Kong’s social order”.
Since the law was introduced, HSBC has frozen the bank accounts of a raft of activists, including pro-democracy politician Ted Hui, on orders from Hong Kong police.
As Patrick Crozier posted about yesterday, several UK banks and building societies have looked upon what their HSBC colleagues did in Hong Kong and found it worthy of imitation in their home country. And not just to famous people like Farage: the Daily Mail reports that when the Yorkshire Building Society sent an Anglican vicar an email asking for feedback and he responded criticising the presence of material on their website that talked about LGBT and gender issues, the YBS closed his account. The fact that the Rev. Richard Fothergill did not initiate the correspondence but merely gave his opinion having been asked for it is somehow particularly galling.
Tim Worstall sarcastically commented on the Hong Kong story:
Of course, such a thing would never happen here.
And in a way it never would. It would be insinuation, something that is never directly said, therefore not obvious nor arguable against.
Mr Worstall is undoubtedly right about the insidiousness of the banks’ strategy, but I have some hope that he will be proved wrong about it staying undetected. The Yorkshire Building Society sounds thoroughly defensive in this tweet, which has been viewed three quarters of a million times:
“‘In a lot of the world, the clock has hit midnight’: China is calling in loans to dozens of countries from Pakistan to Kenya”
– Bernard Condon and the Associated Press in a major article for Fortune magazine.
Here are some excerpts from the article that struck me:
In the past under such circumstances [debtor countries being unable to make interest payments], big government lenders such as the U.S., Japan and France would work out deals to forgive some debt, with each lender disclosing clearly what they were owed and on what terms so no one would feel cheated.
But China didn’t play by those rules. It refused at first to even join in multinational talks, negotiating separately with Zambia and insisting on confidentiality that barred the country from telling non-Chinese lenders the terms of the loans and whether China had devised a way of muscling to the front of the repayment line.
And
Along with the usual mix of government mismanagement and corruption are two unexpected and devastating events: the war in Ukraine, which has sent prices of grain and oil soaring, and the U.S. Federal Reserve’s decision to raise interest rates 10 times in a row, the latest this month. That has made variable rate loans to countries suddenly much more expensive.
All of it is roiling domestic politics and upending strategic alliances.
In March, heavily indebted Honduras cited “financial pressures” in its decision to establish formal diplomatic ties to China and sever those with Taiwan.
Last month, Pakistan was so desperate to prevent more blackouts that it struck a deal to buy discounted oil from Russia, breaking ranks with the U.S.-led effort to shut off Vladimir Putin’s funds.
And, which I did not expect, → Continue reading: China calls in the loans
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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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