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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… no, it was the highest institutions of the Netherlands who were on trial with their credibility and very legitimacy at stake.
Although I am delighted he was acquitted of all charges, frankly it is a disgrace that he was ever put on trial in the first place for simply stating his views about Islam and multiculturalism.
And the fact the BBC calls him ‘far right’ tells you nothing useful about Geert Wilders’ views but speaks volumes about the BBC.
Another zinger of a piece by Detlev Schlichter. If you are not reading his stuff regularly, you need to deal with that oversight. He’s indispensable:
One frequently gets the impression from reading the mainstream media that Greece has a monetary policy problem and not a fiscal problem. This is incorrect. Yet many commentators seem to argue along the following lines: This crisis is due to the straitjacket of the single currency with its one-size-fits-all monetary policy, or at least aggravated by the constraints of this system. Greece would have more “policy options” in dealing with its troubles if it had control of its own national currency.
Then there is, connected to this, an underlying – and not very flattering – notion that the Greeks are somewhat unfit to live and work in a ‘hard money system’, which presumably the euro is. The Greeks, this seems to be the allegation, like borrowing and spending too much. I am paraphrasing here but this is certainly the underlying tone of the narrative. The Germans and Dutch and French can live without the constant aid of conveniently cheap national money – but the Greeks can’t.
And he signs off with this:
I have no doubt that the most important economic event of the coming decade will be the demise of the global paper money system. We live in the twilight of the fiat money era. A return to apolitical, international, commodity-based media of exchange is inevitable. Why not start with Greece? The transition would be painful but there are no painless options available anyway.
I am convinced this would be a sensible strategy but I also think it is unlikely. The state and the banks benefitted from the paper money franchise, and they are now addicted to cheap credit and unwillingly to check into rehab. The establishment will continue to fight a return to sound money.
With some honourable exceptions, I find it hard to think of many even supposedly “private” banks in the world as proper, capitalist institutions in any sense. Their reliance on the crack cocaine of cheap credit has become too entrenched.
That is one suspected reason for why the Icelandic government was so eager to roll over for the Dutch and the British – they were willing to bankrupt the nation to get their snouts trotter-deep into the EU troughs. If this means I can’t join the EU I regard the referendum result as a double win.
– Commenter Bjarni
Only we don’t any more. According to Stacy Meichtry in the Wall Street Journal, France has resurrected the border with Italy.
So, as Johnathan’s post below says, the euro is not working out so well, and now it seems that the Schengen Accord is being allowed to lapse. Remind me, what was the point of this EU thing again?
Seriously though, isn’t being opposed to NATO membership rather 1985?
The European Union has paid out vast sums since 2001 to improve Sicily’s infrastructure. What has Sicily to show for it? Nothing. No, less than nothing:
€700 million to improve the water supply? In 2000, the water supply was “stop-and-flow” for 33% of Sicilian households, now 38.7% have water worries. Incentives to entice off-season tourists? Cost €400 million, enough to buy up an airline. And yet the ranks of those thankless tourists haven’t swelled, but petered out: from 1.2% in 2000 to 1.1% in 2007. And as to the €300 million invested in alternative energy projects great and small: it’s true, there isn’t a single hillock without its windmill now, but Sicilian output is stuck at 5% of total consumption, as against an average 9.1% for Southern Italy as a whole.
The quote is from a translation of an article in the Italian daily La Stampa and I found it via Jim Miller On Politics. Jim Miller himself comments:
And we should recognize that the best money of all to waste — from the point of view of a pork-barrel politician — is someone else’s money. There would have been less wasted in Sicily if the money had come from Italy, rather than the whole European Union, and even less wasted if the money had come from the places where it was spent.
The European Union, corrupt as it is, is on average less corrupt than Sicily. Idealistic Sicilians possibly hoped that getting their state largesse via the EU would result in less theft and waste. A vain hope, as Mr Miller or Professor Friedman could have told them.
Geert Wilders is on trial today for telling it like it is with his film ‘Fitna’.
If you are a blogger, read up on the subject and get out the support. Europe may not have Freedom of Speech with teeth in it, but perhaps you can provide that poor benighted continent with implants.
Reading this item over at National Review’s Corner blog, which relates to recent attempts by Al-Quaeda types to attack targets in Western Europe – apparently foiled for now – got me thinking. One of the possible targets, judging by the comment, was the Eiffel Tower in Paris. It makes me wonder when the “blame-the-West-First” crowd are going to understand that it was always idiotic to claim that 9/11, or the Madrid atrocities, or the London bombings/etc could ever be described as the West getting some sort of “blowback” for its allegedly dastardly deeds against Muslim lands. Whenever this argument is made, the implication, explicit or not, is that the appropriate policy to adopt is the equivalent of hiding under the bed.
France, let’s not forget, has more than its fair share of bad relations with some Muslim lands – Algeria in the 1950s being a case in point – but in recent years, the country’s government has been at pains to distance itself from the supposedly “cowboy” policies of Bush/Blair, although possibly things might have hardened a bit under Sarkozy.
But it makes no difference. Whether you are an isolationist, multilaterialist, or neocon interventionist, the outcome is the same: the Islamists will try and kill you and your fellow citizens without discrimination. We can try and placate the crocodile, but it is ultimately a futile strategy. It is occasionally necessary to remind people of this grim fact.
Over the next two days, there are two linguistically Spanish versus Portuguese games in the World Cup: Chile plays Brazil this evening, and Spain itself plays Portugal itself tomorrow evening. Brazil and Spain are two of the favourites to win the tournament, Portugal is a good side, although perhaps without the depth of the first two, and Chile have played much more impressively than most people expected in this tournament, but are outsiders. So probably a hard fought but still one-sided game this evening, and a good game tomorrow night. Although one of course never knows.
However, disregarding the actual sport and thinking about bigger things, it seems pretty clear that the governments of the two Latin American countries are rather less profligate and rather less broke than those of the two Latin European countries.
How did we get here?
This posting is going to have to be of a more than usually interrogative sort, since I am more than usually ignorant of that whereof I blog, and which I will now copy and paste:
Certainly, on my travels, I’m going to be wary of accepting euro notes with serial numbers that are prefixed with the letters Y (coming from Greece) or M (from Portugal).
I shall also strongly steer clear of notes with the serial numbers starting G (Cyprus), S (Italy), V (Spain), T (Ireland) and F (Malta).
This might sound as if I’m being ridiculously alarmist, but you cannot be too careful.
However, other euro notes should be reasonably safe.
These include those marked Z (Belgium), U (France), l (Finland) and H (Slovenia). As for those with serial numbers beginning with X (Germany), P (the Netherlands) and N (Austria), they can all be used with total confidence.
Is this common knowledge? Am I the last person in Europe to hear about this? I shouldn’t be surprised. You can tell which country printed which Euro. Well, well. Who knew? Who, even now, knows?
The above quoted text is from a Daily Mail piece by Peter Oborne (linked to by Instapundit) about the various economic disasters the world faces. One of which is the melt-down of the Euro.
My big question, aside from wondering who else does or does not know this, is: supposing lots of people do know this, or get to know it, does it not provide a mechanism by means of which mere people might hasten the collapse of the more dubious EUrozone economies, by demanding, when being paid in actual money, to be paid only in Euros printed by the undubious countries?
Perhaps the answer might go: but making such judgments would be, in EUrope, illegal. Maybe so, but that won’t stop a black market making minute comparisons between differently lettered Euros, nor will it stop tourists in other parts of the world, planning their EUropean trips, demanding, once they hear such stories, to receive only the kinds of Euros that they would like. They could, for instance, refuse to accept the wrong kind of Euros, or, if given a mixture of good Euros and bad Euros, sort out the good from the bad and swap the bad ones back for pounds, or dollars, or whatever.
The wrong kinds of Euro notes, from the dubious countries, could soon be treated exactly as if they were forgeries, could they not? The big difference being that these forgeries will be easier to spot.
So, the much prophesied melt-down of the Euro can now be accelerated in a much more discriminating way than merely by people judging that the Euro as a whole will soon be disappearing down the toilet. We will all be able to decide – many may soon be forced to decide – which Euros will descend toilet-wards first. Won’t we? Can’t we? Now? I realise that there is more to money than mere bank notes. But if stories like those sketched above were to start circulating …
Has Oborne got his facts right about this? And if he has, do my supplementary questions also make any sense? As I say, this is all completely new to me, so I could soon, after the first few responses, be wishing that I’d never even asked.
The usual explanation for the troubles now afflicting the EU that is doing the rounds now is that the Greeks and Spaniards have recently been behaving even more like Greeks and Spaniards than they usually do. But Helen Szamuely offers an alternative explanation for the EU’s current woes. Germans, she observes, are finally reverting to being regular Germans.
Having quoted a Der Spiegel article about how German Chancellor Angela Merkel is now mysteriously unwillingly to bow to France in the manner of her predecessors since WW2, Helen says this:
This fits with the point I have made over and over again: the EU is predicated on a guilty and subservient Germany. With time going on and new generations, who cannot even recall the war, appear on the scene (and in Merkel’s case there is the added point of growing up under the Communist system) guilt and subservience can no longer be relied on and the Franco-German motor, which presupposed French supremacy is now sputtering. In many ways, that is more important than the Greek or Spanish fiscal crises.
And that fits a point that I have made over and over again, which is that when it comes to predicting the future, there is one kind of thing that one can say with certainty, when all else is guesswork. Statements of this kind are always going to be true: in twenty years time, you and I and everyone else will either be twenty years older, and influencing the world in the way that people twenty years older that all of us are likely to influence the world (in my case hardly at all), or dead.
All manner of interesting suggestions about the relationship between events and later events can be derived from this kind of observation, including even events which have yet to happen, as Helen Szamuely’s own earlier versions of the above presumably suggest. Such speculations are not all going to be right. But they can be very interesting and suggestive.
Historically, one of my favourite such twinning of two events is: Battle of Crecy 1346, Peasants Revolt 1381. A great many of those “peasants”, including their leaders, were the veterans of earlier continental wars.
Now? Well, can it be coincidence that our current financial turmoil is happening just when, for the first time since it happened, hardly anyone is still alive and counting for anything who remembers the previous bout of such financial turbulence, that started erupting around 1929?
I commend this fascinating article to those who have not yet come across it – A Hidden History of Evil:
Why Doesn’t Anyone Care About the Unread Soviet Archives?
The archives contain “unpublished, untranslated, top-secret Kremlin documents, mostly dating from the close of the Cold War”, yet their guardian “can’t get anyone to house them in a reputable library, publish them, or fund their translation.” Amongst numerous other tidbits, there is some very interesting stuff about Soviet dealings with François Mitterrand, Neil Kinnock, and several past and present “European Project”/EU bigwigs.
(From the excellent Michael Totten, who’s doing a fine job of holding the fort over at Instapundit)
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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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