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.
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Almost a third of Tory MPs trying to weaken tenant protection bill are landlords, the Guardian complained almost a month ago. Landlord MPs leave Gove’s rental reform bill ‘close to collapse’, the Telegraph reported yesterday.
Good for them for killing Gove’s Bill, and I care not a whit that they are doing it because killing the Bill would be good for them. Adam Smith explained all that in The Theory of Moral Sentiments:
“The rich only select from the heap what is most precious and agreeable. They consume little more than the poor; and in spite of their natural selfishness and rapacity, though they mean only their own conveniency,….they divide with the poor the produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries of life which would have been made had the earth been divided into equal portions among all its inhabitants; and thus, without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species.”
Gove’s so-called reform would have been very bad for tenants. The Telegraph article explains a few of the many reasons why:
Critics argue that it is not only landlords who stand to lose out. The black mark on a tenant’s record following a court judgment would prevent many from finding somewhere else to live, according to another landlord Tory MP backing the amendments.
He said: “An inadvertent consequence of abolishing section 21 [no-fault evictions] is the risk of tenants who fall into arrears getting a court judgment against their name and ending up on the streets.
“Local authorities won’t help them and this will only add to the homelessness problem.
“The advantage to tenants of section 21 is that it’s no-fault, so even if they haven’t paid that won’t get written down.”
Jessica Parry, a partner at law firm Bryan Cave Leighton Paisner, said that as well as increasing the risk of homelessness, forcing evictions through the courts would end up costing tenants more.
She added: “Currently, landlords just write off arrears if they evict a tenant. Now landlords will claim arrears as they’re going to court anyway.
“[Going to court] will be slow. If a tenant stops paying it could take a year to get the property back. It’s a massive risk for landlords.
“From a tenant’s point of view, there are already supply and demand issues – not enough housing – and if you put landlords off it’s only going to make that worse.”
I cannot add to this article by Fran Ivens in the Telegraph: “How Argentina’s ‘chainsaw man’ Javier Milei slashed rents by 20pc”
Rents in Argentina have fallen 20pc since President Javier Milei scrapped a “destructive” cap for landlords in December.
Under four-year rent controls, landlords fled the market in their thousands and rents increased 286pc, fuelling an even deeper housing crisis.
Since the legislation was scrapped, rents have fallen and the number of properties that are available for rent has increased significantly, according to industry body the Argentine Real Estate Chamber.
The drastic change in outlook for the country’s rental market adds further weight to arguments that even with the aim of reducing the burden on renters, rent caps often have the opposite effect.
The rules, introduced in 2020 by then-president Alberto Fernández, included a mandatory lease term of three years and a limit on rent to an average growth rate of the consumer price index and the wage index. This cap was set by the central bank.
Even before the new legislation came into force, the effect was significant. Unsure of how much and when they would be able to increase rents, landlords hiked their pieces to try and avoid being caught out.
Worsening the situation, 45pc of landlords decided to sell their properties in the wake of the announcement significantly reducing the amount of accommodation on offer and further pushing up prices.
In the 12 months to February 2024, rents increased 286.7pc in Buenos Aires, according to rental platform Zonaprop. There was also a currency aggravation. While many use dollars in Argentina as a hedge against the peso that has been losing value, the law mandated that rental payment must be in the local currency.
Over the past five years, the Argentinian peso’s value against the dollar has decreased by around 95pc.
“I hate this framing because the “freedom” vs “order” tradeoff is not real. Russia has a higher homicide rate than the US. life there is shorter and more violent. if you’re choosing between freedom and order autocracy will get you neither”
Seva Gunitsky is referring to Jon Stewart telling Tucker Carlson that the reason why the US ‘can’t have clean functioning subways or cheap grocery prices like they do in Moscow is “the literal price of freedom”‘.
I am sure Jon Stewart would decline with horror an offer to work as one of Putin’s worldwide army of propagandists. But Putin does not need to make the offer when Stewart and many others are spreading his message for free.
Many working people who currently have no choice but to endure the aggressive begging, foul smells, and frequent violence in the subway systems in New York and other U.S. cities run by progressive Democrats would count freedom (a political abstraction that they are constantly being told is an outdated white patriarchal construct) as an acceptable price to exchange for getting to go to work in something more like the gleaming Moscow Metro.
Sure, they would eventually realise that they made a poor bargain. A Professor Gunitsky says, the cleanliness and order of the Moscow subway is like one room of a generally filthy house that is obsessively kept clean in order to impress visitors. → Continue reading: The condition of New York’s subway system is not the price of freedom, it is the price of voting for left wing Democrats
One can see why this idea has taken off again: it sits at the intersection of two of the most voguish ideologies of our time, namely, woke progressivism and anti-capitalism. It is a story about white people – white men, mostly – oppressing non-white people, which also doubles up as an “original sin” story of capitalism.
But is it actually true that imperialism makes countries richer? Does imperialism make economic sense?
This question was already hotly debated at the heyday of imperialism. Adam Smith believed that the British Empire would not pass a cost-benefit test.
– Kristian Niemietz
The advantages [of the Digital Pound] over cash are, then, as clear as day. The pesky thing about cash is that it isn’t regulated. If you want to buy something in cash, you just hand it over to the person who is selling the thing, and that is that. This covers the transaction in a layer of kryptonite as far as government is concerned: it can’t control who ends up owning the money, and it can’t control whether the transaction takes place. The digital pound, and the way it is being set up, offers no clear advantage to the ‘user’, but, again, that isn’t the point. The advantages are obvious to those doing the governing, and that is ultimately what motivates the entire project for reasons which by now will be well understood.
– David McGrogan.
Highly recommended that you read the whole thing.
While the desire on the part of modern conservatives to divorce themselves from ‘neoliberalism’ is understandable enough, the simple truth is that there is a very good and obvious reason why parties on the economic left tend towards being left on culture, too.
And it is simply this: a State which minutely governs the economy is one which minutely governs society as a whole, because economy and society are not in fact separate phenomena, but an integrated whole. This means that if the State is big vis-a-vis the economy, it is going to be big in all areas – and it is going to want to squash or co-opt competing sources of loyalty and authority (like the family, religious and community groups, businesses, etc.) which the right holds dear accordingly.
The truth of the matter, then, is that conservatives and libertarians both fundamentally need the same thing (a small state) and that the ‘left on the economy and right on culture’ meme is just that: a slogan without a genuine cause.
– David McGrogan
“If the NHS is so wonderful, why do its staff keep threatening to emigrate?”
– Daniel Hannan, Sunday Telegraph (£).
As an aside, while a lot of media and political commentary these days is about immigration, the emigration of talented people from the UK is likely to be a problem that becomes more significant, with potentially political effects. I am just about old enough to remember the “Brain Drain” that was a Thing in the 70s.
“Alex Salmond given part of the Stone of Scone by son of student who stole it”, reports the Telegraph:
Alex Salmond was given part of the Stone of Scone, also known as the Stone of Destiny, by the son of one of the students who stole it from Westminster Abbey, newly released Scottish Cabinet papers have disclosed.
Prof Sir Neil MacCormick presented the then First Minister with part of the stone, on which kings and queens of Scotland were traditionally crowned, in 2008.
Sir Neil’s father, John MacCormick, advised and bankrolled the Glasgow University students who took the 150kg stone from the Abbey on Christmas Day 1950.
So Professor Sir (note the Sir!) Neil MacCormick felt free to give away this historic artefact because he inherited it from his father, who stole it while it was on display to the public. And Mr Alex Salmond, presumably on the strength of then being First Minister of Scotland, felt free to take an object of significance in Scottish history into his personal possession as if it were a mere curio. Nice to see the right of conquest and the hereditary principle being reaffirmed in this day and age.
Probably the most important man of the 21st Century, if only for his potential to do good, Argentine President-elect (as I write) Javier Milei sat down with Tucker Carlson for an interview, (excerpt provided) at which he discussed the Pope, the murderous Castros and architecture amongst other points (that socialists are evil and think they are ‘God’). The interview was done with Mr Carlson asking questions in English and Señor Milei’s replies in Spanish are sub-titled (accurately I would add) and presumably interpreted in real time.
This segment is just over 9 minutes long, and it is well worth watching. We have all the indications that he is the real deal, he says that he is prepared to die for his beliefs, let us wish him a long and productive life and Presidency.
If the philosopher A. C. Grayling ever had ambitions to stand for elected office, this tweet will have killed them stone dead:
As usual, here is the text of that tweet in case it disappears:
A C Grayling #FBPE #Reform #Rejoin #FBPR
@acgrayling
U of Bath study: “only 40% of people with the lowest cognitive ability voted Remain, while 73% of those with the highest cognitive ability voted Remain…people with lower cognitive ability and analytical thinking skills are more susceptible to misinformation and disinformation”.
10:23 PM · Nov 23, 2023
The replies, unsurprisingly in this egalitarian age, are overwhelmingly hostile. But since I, like Professor Grayling, have no political ambitions, I can admit that he is probably right. It would be a strange chance if the average IQs of Leave and Remain were perfectly equal. If they were not equal, one group had to be cleverer on average. Because I assume that people usually vote in their class interests, I assume that the cognitive elite, whose intelligence usually translates well into wealth and prestige, voted to perpetuate the status quo. Alas for them, the lesser folk also had a vote and had a pretty good inkling that it was not a good idea to remain under the increasingly immovable rule of a class of people who despised them.
While Professor Grayling’s first sentence is probably true, the three little dots that he put between the claim that the stupider-on-average (can I stop adding the “on average” now?) people voted Leave and the conclusion that they did so because they were particularly susceptible to disinformation are doing so much work that they ought to bring a claim under the EU Working Time Directive.
I was about to quote Orwell’s line about “There are some ideas so absurd that only an intellectual could believe them” when a fortunate burst of insecurity led me to check the quote and find out that Orwell never said it; it was Bertrand Russell. Clever bloke, Russell. Also frequently a twit, though capable of being embarrassed by his own previous excesses. Whoever said it, it’s true. It is proverbial among those who study scams that the easiest people to scam are those who think they are too clever to be scammed.
Edit 27/11/2023: In the comments, Rich Rostrom has supplied the phrase with a very similar meaning that George Orwell actually did say, namely “One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.” It occurs in Orwell’s 1945 essay “Notes on Nationalism”. Change a few words and the whole paragraph could be re-used today:
“It is, I think, true to say that the intelligentsia have been more wrong about the progress of the war than the common people, and that they were more swayed by partisan feelings. The average intellectual of the Left believed, for instance, that the war was lost in 1940, that the Germans were bound to overrun Egypt in 1942, that the Japanese would never be driven out of the lands they had conquered, and that the Anglo-American bombing offensive was making no impression on Germany. He could believe these things because his hatred for the British ruling class forbade him to admit that British plans could succeed. There is no limit to the follies that can be swallowed if one is under the influence of feelings of this kind. I have heard it confidently stated, for instance, that the American troops had been brought to Europe not to fight the Germans but to crush an English revolution. One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.”
A related point was made by Dominic Cummings in his famous “Frogs before the storm” blog post:
“Generally the better educated are more prone to irrational political opinions and political hysteria than the worse educated far from power. Why? In the field of political opinion they are more driven by fashion, a gang mentality, and the desire to pose about moral and political questions all of which exacerbate cognitive biases, encourage groupthink, and reduce accuracy. Those on average incomes are less likely to express political views to send signals; political views are much less important for signalling to one’s immediate in-group when you are on 20k a year.”
Say what you like about the Daily Telegraph, which generally tilts centre-right in its politics and economics (particularly with incisive writers such as Allister Heath and Matthew Lynn), it does not seem to enforce orthodoxy. While the leader column and Heath have both applauded the UK government’s decision to permit oil drilling in the large Rosebank field in the North Sea – and mocked the fulminations of the critics, there were fulminations in the DT’s business section. An example comes from Ben Marlow, a columnist whose portrait glares out, Medusa-like, at a foolish and fallen world.
Marlow describes the timing of the announcement as “comically bad” and immediately shows his climate alarmism colours by noting that the announcement came a day after the International Energy Agency had warned that any new oil and gas infrastructure was incompatible with the Paris Climate Agreements of limiting global warming to 1.5 C. The new oil field is expected to produce as much as 500 million barrels of oil over its lifetime. Marlow goes on to state that bringing this oil field into production will do “none of the things that ministers and its cheerleaders claim”, and went on to berate the Conservatives for their alleged failure to cover the UK in solar panels and windfarms. And he went on to attack the government for sowing “confusion” among carmakers by putting back the ban on new internal combustion cars by 5 years to 2035. Further, he mocked the idea that producing more oil has any real benefits to the UK, saying that the oil goes into the world market. He does, rightly, criticise UK governments past and present for being weak on nuclear energy, but overall, Marlow’s column is a noisy example of green tantrum-throwing in an otherwise relatively sane newspaper. I wonder what his employers make of him?
So let’s examine Marlow’s central point, that the opening of this oilfield is a blow to the environment and won’t fix anything for the UK. Well, he ignores that some oil/gas fields will and have come out of production as the oil and gas gets too expensive to extract, reducing the commercial case for it, so if this is replaced by newer fields, that doesn’t necessarily increase the total amount of oil and gas in production. And even if it does, he’s assuming a straight-line link between increased C02 emissions, and increases in the average temperature of the planet. From my reading, there is a law of diminishing returns in nature, as in economics. Every extra ton of C02 produces less of a warming impact than the preceding one. Further, there is global “greening” to consider – although there’s a law of diminishing returns on that when it comes to the link with carbon emissions, I suspect, too.
And considering that he’s a business correspondent and editor, Marlow seems curiously uninterested in how, for example, developing this big oil field will generate export earnings for the UK, and a lot of tax revenue for the government. (On the latter point, this isn’t an argument that I know classical liberals would want to make much of.) The UK has to import a lot of stuff, such as natural gas from the Middle East and so on. Exports are what we need for imports. If the UK’s balance of payments improves, it benefits us in the ability to import more of what we want. As for the government, more revenues give it more ability to encourage R&D and the like in areas such as modular nuclear power plants, etc. Even for those who aren’t carbon fuel catastrophists, we can acknowledge that if we want to shift towards nuclear fission and fusion, and potentially as yet undiscovered sources, that requires a ton of wealth.
Marlow’s mockery of the UK’s supposed tardiness over wind and solar is again a reminder that the battery storage issue just doesn’t register. Without storage, the intermittency problem with wind/sun energy is a killer. (The writer Alex Epstein and others have made this point.) Marlow, and others who share his views, really have no excuses to not directly address this point and explain how they’d handle it.
A final point: The huge budget overruns and delays on the HS2 rail project from London to the North are surely another reminder to journalists who talk a big game about “infrastructure” that the UK’s record of delivering things on time, and on budget, is appalling. Rishi Sunak, whatever else he is, is not an idiot. He knows that the 2030 mark for banning sales of new ICE vehicles was and is insane. All he needs to do to win that cigar from this blog is to reverse the policy completely. Then stand back and watch Mr Marlow’s head explode.
“At least a few people seem finally to be catching on that the basic idea behind “homelessness” advocacy is to exploit an issue that brings forth great human empathy to generate vast taxpayer funds and then to not solve the problem. The spending continues and increases without limit. There is way too much money — for advocates — in `homelessness’ for the problem ever to get solved, or even to decrease materially.”
– Francis Menton. The same could be said of a number of other problems, either real or imagined.
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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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