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]
When U.S. special forces captured Venezuelan dictator Nicolás Maduro in a predawn raid on Saturday, it should have been a moment of triumph for Venezuela’s democratic opposition. But rather than endorsing the leadership of Edmundo González, whose victory in July’s 2024 election was stolen by Maduro, President Donald Trump announced he’d work with Delcy Rodríguez, Maduro’s vice president for the past six years. After Trump called her “gracious” and claimed she was “essentially willing to do what we think is necessary to make Venezuela great again,” the Maduro-controlled Supreme Court swiftly appointed her as acting president on Saturday, once again sidelining the elected opposition.
Rodríguez is neither gracious nor a reformer. She’s a self-identified communist who has held key positions under both former dictator Hugo Chávez and Maduro, Venezuelan political writer Paola Bautista de Alemán tells Reason. In 2017, Maduro tapped Rodríguez to be president of the illegitimate constituent assembly that usurped the powers of the elected National Assembly to silence the opposition. Later that year, Maduro appointed her to the “Anti-Coup Command,” tasked with taking measures against alleged coup plotters and terrorists, labels routinely applied to peaceful opposition figures.
So soon into 2026, I am delighted Maduro is gone… just as I was delighted when Saddam Hussain was overthrown in 2003. Yet in retrospect, I had no idea how unwise successive US governments would be when it came to handling the aftermath in Iraq.
Trump says what will follow in Venezuela will not be ‘nation building’ so much as literal direct rule by the USA “until a proper and judicious transition” (whatever that means).
Yet is there any indication the US actually has control of Venezuela? To what extent has Maduro’s United Socialist Party of Venezuela been dismantled, if at all? One night of air strikes will not have eliminated the regime’s security apparatus. Will there be a Marine Expeditionary Force in Caracas in the next few days?
The result of [Argentina’s] shock therapy has been a stunning recovery. Milei has brought monthly inflation down from 13 percent to 2 percent. The economy is now growing at an annual rate of 7 percent. Investors no longer shun Argentine bonds and stocks—indeed, they were among the best investments you could have made over the past two years. After a brief upward jump, the poverty rate has fallen from 42 percent, when Milei was elected, to 31 percent. There is much work still to be done, but a new program from the IMF will provide $12 billion of new lending upfront and potentially another $2 billion, which should enable Milei to remove the remaining capital and exchange controls without reigniting inflation.
Most governments that cut their fiscal deficit by five percentage points of GDP pay a heavy political price for the resulting pain. Margaret Thatcher took nearly all her years in office to get the British public sector borrowing requirement down from 4.5 percent of GDP when she was elected in 1979 to −1.1 percent 10 years later.
Mexico is inching closer to a Venezuelan-style autocracy. Consider the case of María Oropeza, who was forcibly abducted in Venezuela by armed men without due process. Her crime? Sympathizing with the opposition. That’s the future Mexico risks: where justice is not blind, but partisan. Some dismiss these warnings as exaggeration. But as Adam Smith observed in The Theory of Moral Sentiments, people often ignore distant tragedies until they arrive at their doorstep.
Our diagnosis is that what really worries The Guardian here [about Argentina] is that this will all work. For where would the progressives be if classical liberalism were shown – once again – to work?
A year after his landslide victory, Milei is still not letting market forces set the peso exchange rate, and it now looks as if his crawling dollar peg will continue into the middle of next year. He has jammed the process of macroeconomic cleansing.
Argentina is now among the most expensive countries in the world, close to Norway on the Big Mac index. It costs almost twice as much to buy a hamburger in Buenos Aires as it does in Tokyo, even though the pampas are full of cattle, while the rice terraces of Japan are not.
The peso is as overvalued today as it has ever been in Argentine history, or very close. This has suppressed inflation temporarily to a monthly rate of 2.4pc – so has economic contraction – but has in the process strangled the traded sectors of the textile, shoe and toy industries. Car parts, electronics, metallurgy, and heavy manufacturing are the next dominoes.
[…]
He should have taken his chainsaw to currency and capital controls on his first day in office. He is now trapped. Either he claws back lost competitiveness by means of deflationary wage cuts for year after year – nigh impossible in any democracy – or he lets the peso find its level and unleashes a fresh inflation, shattering his reputation at home and abroad as the Friedmanite purist who tamed prices.
A commenter called Krassi Stoyanova says, “Well, Ambrose, having listened to Milei and his plans for the Argentine economy, I have far more confidence in him than I do you.”
I want to agree. But, truth to tell, I do not have a good understanding of this branch of economics. Some of you guys do. What do you think?
Ortega was one of the leaders of the Nicaraguan Sandinista National Liberation Front (Frente Sandinista de Liberación Nacional, FSLN) that overthrew the dictator Anastasio Somoza in 1979, thus ending 43 years of rule of Nicaragua by the Somoza dynasty.
For a while Sandinista rule in Nicaragua was popular at home and admired worldwide. A often-repeated line from left wing sources was that its success represented “the threat of a good example”, the good example being of a country thriving despite the opposition of the United States, which had supported Somoza, as it did many right-wing dictators in Latin America.
The admirers included teenage me. Not that I followed every twist and turn of Nicaragua’s politics, but, at first, it all sounded good. Land reform. Education. Healthcare. If I had known then what I know now “price fixing for commodities of basic necessity” might have told me what was coming, but I did not know then what I know now.
That said, the Sandinista National Liberation Front of that era under the leadership of Daniel Ortega still had enough decency left to hold an election and, having lost it, leave.
I will spare you a blow by blow account of Nicaraguan history from 1990 to the present day. You can read Wikipedia as well as I can. Suffice to say that half a lifetime later the reference books once again list the Sandinista National Liberation Front as the ruling party of Nicaragua and Daniel Ortega as its leader, and this time he has no plans to ever leave.
The Geneva-based UN human rights office in its annual report on Nicaragua warned in September of a “serious” deterioration in human rights under Ortega.
The report cited violations such as arbitrary arrests of opponents, torture, ill-treatment in detention, increased violence against Indigenous people and attacks on religious freedom.
The revised constitution will define Nicaragua as a “revolutionary” and socialist state and include the red-and-black flag of the FSLN – a guerrilla group-turned political party that overthrew a US-backed dictator in 1979 – among its national symbols.
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One of the Tintin books – remind me which – starts and ends with a picture of a couple of thuggish cops patrolling a shanty town. The only significant difference between the two scenes is that the party symbol on the police uniforms has changed.
Update: Thank you JJM, who supplied the name of the book. It was Tintin and the Picaros. ¡Viva [Tapioca / Alcázar] !
First time is happenstance, second is coincidence and third is enemy action. As it happens Bolivia has a third natural resource which, currently, is in high demand. Lithium. Those salt flats up at 12,000 feet and so on. One of the great deposits of easily extractable lithium they are. So, why aren’t they being extracted?
Because the government has insisted that they’re a great natural resource. Therefore, rather than greedy capitalists extracting and shipping out those batteries should be made up at 12,000 feet. Even, in fact, the cars that use the batteries.
The result is obvious – the lithium isn’t being extracted, the batteries aren’t being made and nor are the cars. Because idiot fuckwits are in charge of what happens to Bolivia’s natural resources of course.
The UK experienced a nationwide blackout after its main energy plant failed, officials said. Its power grid collapsed at around 11:00 (15:00 GMT), the energy ministry wrote on X. Grid officials said they did not know how long it would take to restore power. This follows months of lengthy blackouts on the island – prompting the prime minister to declare an “energy emergency” on Thursday. Other stories Fuel in the UK to become five times more expensive The UK laments collapse of iconic sugar beet industry ‘The violence is getting out of hand’: Crime grips the UK’s streets
Friday’s total blackout came after the UK’s final coal-powered fire station, the last on the island – went offline. Prime Minister Sir Keir Starmer said the situation was his “absolute priority”.
Cuba experienced a nationwide blackout after its main energy plant failed, officials said. Its power grid collapsed at around 11:00 (15:00 GMT), the energy ministry wrote on X. Grid officials said they did not know how long it would take to restore power. This follows months of lengthy blackouts on the island – prompting the prime minister to declare an “energy emergency” on Thursday.
Friday’s total blackout came after the Antonio Guiteras power plant in Matanzas – the largest on the island – went offline. President Miguel Díaz-Canel Bermúdez said the situation was his “absolute priority“. “There will be no rest until power is restored,” he wrote on X.
Earlier on Friday, officials announced that all schools and nonessential activities, including nightclubs, were to close until Monday.
Non-essential workers were urged to stay home to safeguard electricity supply, and non-vital government services were suspended. Cubans have also been urged to switch off high-consumption appliances during peak hours, such as fridges and ovens, according to local media.
Don’t worry folks, non-vital government services suspended? it won’t happen here.
In response to the CMN, Tom Greatrex, Chief Executive of the Nuclear Industry Association, stressed the importance of new investments in nuclear power. Tom Greatrex said: “Without fresh investment and decisions on new nuclear projects at Sizewell C and Wylfa as well as Small Modular Reactors, these warnings will become more commonplace and we will have to continue relying on volatile gas markets to fill the gaps in supply, threatening out energy security and driving up bills and emissions.”
Over the seas and far away, President Milei of Argentina has abolished a government function, that of INADI, the purpose of which was easily comprehensible from its name in Spanish, the Instituto Nacional contra la Discriminación, la Xenofobia y el Racismothe newspaper La Nación has this report, and I quote. “Disolvimos el INADI. Ente ideológico de uso político partidario. Despedimos a los empleados y devolvimos el edificio. Nuestra gestión se concentra en achicar el Estado y cerrar los organismos innecesarios. No creemos en la utopía del Estado eficiente. Vamos por más, mucho más”, escribió el ministro de Justicia.
” ‘We have dissolved the INADI. An ideological entity of partisan political use. We are dismissing the staff and are taking back the premises. Our management will focus on shrinking the State and closing unnecessary organs. We do not believe in the utopia of the efficient State. We will be doing more, much more.’, wrote the Ministry of Justice.”
Looks like he means what he says. On one YT video (in Spanish) I saw a comment to the effect of ‘If there isn’t a government Department for Breathing, will we all be asphyxiated?’.
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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