“In many cases rent control appears to be the most efficient technique presently known to destroy a city, except for bombing”
– Economist Assar Lindbeck, who as it happens was a socialist
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As the man doesn’t understand what neoliberalism is his critique is going to be weak tea, no? February 17th, 2023 | 28 comments - (Comments are closed)
 This is a slightly altered version of a comment I left on a Brexit page on Facebook as prompted by this article about IMF forecasts and related issues at Reuters:
January 31st, 2023 | 20 comments - (Comments are closed)
“Unlike government, a corporation has no legal authority to force anyone to do anything. It can’t tax you, arrest you, or conscript you. It can’t force you to work for it. It can’t force you to invest in it. It can’t force you to buy its products. Bakan, however, says corporations “determine what we eat, what we watch, what we wear, where we work, and what we do.” No, they don’t. They make us offers, which we can accept or refuse. But those offers give us countless options to improve our lives—options we wouldn’t have otherwise. Far from a threat, the earned economic power of corporations brings us great benefits. People interact with corporations voluntarily. If a corporation sells a shoddy product, people can refrain from buying it. If it sets prices they regard as too high, they can negotiate or look for a better deal. If it pays low wages or lays off employees, they can work elsewhere or start their own business. If people think Google and Facebook collect too much personal data while failing to properly safeguard it, they can use other platforms or services. Bottom line: If you don’t like a corporation, you can avoid it. You do not have this choice with government, though. Ignore the IRS, and fines, penalties, or prison await you. You can opt out of Google and Facebook, but you can’t opt out of the surveillance dragnet of the NSA.” – Michael Dahlen, The Objective Standard. January 25th, 2023 | 23 comments - (Comments are closed)
Long ago – I think it was at primary school – I was told that in the dark days of freedom there were private fire brigades owned by insurance companies. You paid the insurance company a premium and if your house caught fire they would send their fire brigade to put it out. They knew you had paid because you put a marker on your property bearing the insurance company’s logo. However, if your house caught fire and you had another company’s marker, or weren’t insured at all they would just stand there and let your house burn down. And that [missing step here possibly involving magic] is why we have state-owned fire brigades. Since becoming a libertarian I have both believed this version of events and taken the view that it was probably the best arrangement available. It probably ensured the best fire-fighting at the lowest cost. But is that true? A couple of years ago, the YouTuber, Tom Scott, repeated this story and much more recently someone commented that there was a minor discrepancy in the video. So, Scott decided to investigate. Or rather he decided to get someone else to investigate. It turned out that what generations of us have been taught is untrue. Brigades fought any fire that they found. This was partly because a fire at an uninsured property might spread to an insured one and partly because there were government rewards for showing up. Scott, to his credit, has stopped promoting the old video and issued a correction. I looked at his researcher’s work and found that far from there being dozens of fire brigades in London when the state took charge there was, in fact, only one. They’d all merged.  Private fire brigades fought fires at uninsured properties – even this one. January 17th, 2023 | 17 comments - (Comments are closed)
“Precisely how and where `free-market fundamentalism’ has run amuck remains a mystery. After all, we live in a world in which most governments in developed nations routinely control 40 per cent or more of their nation’s GDP.” – Samuel Gregg, Spectator (maybe behind paywall). Gregg is the author of The Next American Economy: Nation, State, and Markets In An Uncertain World (2022) and is Distinguished Fellow in Political Economy at the American Institute for Economic Research. Full disclosure: As a young newswire journalist in the 1990s, I went to the WEF in Davos three times (in one of them, I met Nelson Mandela, as one does). The whole event, held in a Swiss mountain resort once made famous by Thomas Mann while he underwent treatment for turberculosis, rather resembles the lair of Ernst Blofeld in Ian Fleming’s On Her Majesty’s Secret Service. In fact, Schwab is very, er, Spectre-like, although I did not see a white cat. There is, of course, the pro-free market Mont Pelerin Society, so even the good guys cannot resist the allure of the mountains. January 5th, 2023 | 23 comments - (Comments are closed)
I am not being sarcastic when I say that I admire the way that Nick Young, writing for Greenpeace Aotearoa (the country formerly known as New Zealand), at least has the guts to admit that Sri Lanka’s ban on chemical fertiliser was a disaster. In a piece called “Sri Lanka’s fertiliser ban and why New Zealand can phase out synthetic nitrogen fertiliser”, he gives his reasons for supposing that despite Sri Lanka’s experience, it will work next time. He is enthusiastic, for instance, about the prospects for the Indian state of Sikkim which has also prohibited chemical fertilisers. He writes,
It is strange to me to see someone delight in the fact that the choices of shoppers or farmers, the ordinary people whose lives would be affected most, played no part in this change. This Guardian article is five years old now, but I would bet that the problems it describes have not gone away: “Sikkim’s organic revolution at risk as local consumers fail to buy into project.” More recently, Pawan Chamling, who as the then Chief Minister of Sikkim did much to put the policy in place, said that the current Sikkim government “has put Sikkim’s organic mission on the back burner”. He writes,
Freely sold and freely bought. Farmers making their own decisions. How awful. Despite everything, I have nothing against organic farming. But the way that Sikkim being “100% organic”, a source of pride and a key part of Sikkim’s identity according to Mr Chamling, withered as soon the government subsidies dried up suggests that the change was never, if you will forgive the metaphor, organic in the first place. It was imposed from the top down. It had no roots. December 20th, 2022 | 29 comments - (Comments are closed)
December 11th, 2022 | 17 comments - (Comments are closed)
“The evangelists for WFH and flexi-working keep telling us that it will create a happier, more productive workforce. But if that were true, then output per person should have soared over the last two years. Of course, it hasn’t. Instead, it has stagnated – and in many cases gone down. The UK’s miserable record on productivity is a long and complex story, but one certainty is that flexi-working won’t fix it.” – Matthew Lynn, taking aim at the whole “working from home” demands from certain quarters. (In many cases, the WFH phenomenon is a preoccupation of those in white-collar areas. One suspects that industrial welders, lorry drivers, supermarket inventory managers, farmers, lab technicians, car mechanics and power station maintenance workers don’t work from home. Mind you, my father, a farmer, likes to joke that he worked “from home”. It was a field.) December 6th, 2022 | 12 comments - (Comments are closed)
“Shoplifting isn’t the real crime, poverty is”, tweets Owen Jones. The tweet links to this video excerpt from the Jeremy Vine Show, in which the host tries several times to get Mr Jones and the other panellists to give straight answers on whether it is wrong for shops to put anti-theft tags on commonly stolen goods. He doesn’t get any. The responses he does get are variations on two themes, firstly, the non-sequitur “Yes, it is wrong for shops to try and stop their goods being stolen because poverty is the bigger crime”, and secondly, “I don’t condone shoplifting, but here’s why I condone shoplifting.” At 2:25 Mr Jones says, “The way to abolish shoplifting is to abolish the underlying cause, which is poverty and the cost of living crisis”. So the answer was in front of our silly noses the whole time! In future videos Mr Jones will tackle the shocking prevalence of “food deserts” and “health care deserts” in poor areas because so many supermarkets, corner shops and pharmacies have closed down. November 27th, 2022 | 20 comments - (Comments are closed)
“Almost unbelievably, nearly a quarter of our working age population is reported to have some form of long-term illness or disability that in most cases prevents them from working. The numbers are more alarming still among younger cohorts, which theoretically should be the healthiest and most able to work. Among 16 to 24-year-olds, one in eight are being signed off with long term health conditions.” – Jeremy Warner, talking about the state of the UK economy. Let’s be blunt: a large chunk of the population in the UK are lazy, stupid and with all the ambition and zest for life of a lump of concrete. In the 21st Century, it seems frankly absurd that a quarter of the work-age population are ill or incapable of doing anything. It is a disgrace. November 15th, 2022 | 51 comments - (Comments are closed)
As Madeleine Grant in the Daily Telegraph (£) notes today, it is a bit rich for people who dislike the fiscal austerity measures of the UK government to focus on the “mini-budget” tax cuts (now mostly reversed) of the recent Liz Truss administration, or Russia’s attempted conquest of Ukraine. To ignore the costs of lockdowns and mass furlough schemes seems particularly convenient for those, like the Labour opposition as well as many in government, that seemed to be positively enthusiastic not just about lockdowns, but about the idea of shuttering society. (And of course the current Net Zero insanity sort of plays to this authortarian mindset that seems to have arisen lately.) Thus:
It is absolutely vital that this point is hammered home. Classical liberals simply cannot let the narrative of “Ukraine/Truss caused our pain” BS to flourish, in the same way that “capitalism caused the 2008 financial crash” nonsense. Narratives matter. They must be countered, vigorously, and mocked at every opportunity. And it is also important to remind people that we have had 20 years of central bank money printing (remember, this stuff was going on way before the 2008 crash) to have created part of the condition for our plight today. Update: Here is a link to Rudyard Kipling’s work of the title used on this posting. November 2nd, 2022 | 9 comments - (Comments are closed)
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