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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Starmer has also always been happy to be accused of running a ‘nanny state’. Much of the agenda that he and his Health Secretary Wes Streeting have revealed more widely for the NHS borders on that, with a focus on preventive healthcare rather than waiting until a patient needs acute (and more expensive) treatment. But an interesting question is whether the new government would have gone for this kind of ban had the Tories not already suggested it. As Katy explains here, the fact that Rishi Sunak championed the move first has made it much easier for Labour to take steps to crack down on smoking more generally. It is, she says, plausible that this approach could be extended to fast food and alcohol consumption. In fact, it wouldn’t make much sense if Starmer talks about the cost to the NHS of smoking but takes no action on obesity, even if that problem is far more complex than the relatively easy win of making it harder to smoke cigarettes.
And it will be much harder for the Conservatives to argue against those further moves because they were the ones who started all this off – in legislative terms, at least.
– The Spectator
“Ms. Harris’s handlers should have enough respect for the voters, and for their candidate, to let her stand alone and answer questions by herself. Joe Biden was allowed to hide in his basement and avoid tough questioning during the Covid campaign of 2020. We all know how that turned out.”
Wall Street Journal ($)
One of my theories is that Harris is not allowing herself, or being allowed, to speak on her own in an interview not just because she is stupid, and a Leftist who might blurt out what she really might think. It is also the risk she is going to cackle halfway through answering a question. Imagine, if you will, she is asked about a trade deal with the UK, say, or defence and Ukraine and the Baltics, and she starts to get a fit of the giggles.
The handlers may also have worked out the Keir Starmer/Rachel Reeves (UK prime minister, Chancellor) strategy in the UK before the 4 July general election, which is to avoid talking in detail on policy, keep things as vague as possible, block requests for specifics, and then go in hard and Leftist when in power. Under the UK’s winner-takes-all system, with a split opposition and low turnout, this has been a successful gamble. In the US, where much of the MSM is covering for Harris, her approach may also succeed in November.
These situations make me wish for a more rigorous age. I recall from the 80s there was, in the UK, a Sunday current affairs programme, on ITV, a show called Weekend World, initially hosted by the late Peter Jay (son of a former UK government minister) and later taken over by Brian Walden (a Labour MP who went Thatcherite, as some do) and finally, Matthew Parris. Jay was good, Parris was okay and Walden was brilliant.
The first half of the programme would involve an analysis of a particular issue (striking unions, state of the economy, rise of the SDP, public finances, the nuclear deterrent, drug use, what to make of Gorbachev, etc) followed by a 25-minute interview with a senior minister or senior opposition figure (politicians such as Denis Healey, Margaret Thatcher, Peter Shore, Nigel Lawson, Roy Jenkins, David Owen, Cecil Parkinson, Michael Heseltine, etc). These were political figures of gravitas, who were asked difficult questions, probed hard for answers, and not allowed to get off with issuing word salads. The analysis of a story was rigorous; the questioning was forensic, polite and as sharply revealing as that of any clever attorney. And all done on a Sunday lunchtime just after the roast lamb and glass of Cote de Rhone and before the afternoon film or the rugby. The show would be the talk of Westminster for the early part of the week. Walden could get a politician, such as Neil Kinnock, Roy Hattersley or Norman Tebbit to say more than, perhaps, they wished, but it was all done with such cleverness.
I don’t buy into the whole “in the good old days” line on everything, but in my view, some of the calibre of journalism, and the quality of those running for office, or in office, has declined, and on both sides of the Pond.
Back to Mrs Harris. I doubt her handlers (the fact she has such people makes her sound like a child) would let her within a mile of a journalist and recovering political figure such as a Jay or Walden, or, to give a more modern case, Andrew Neil and their American counterparts. Not. Going. To Happen.
And so here we are.
Striking Hezbollah is a very low-risk proposition compared to striking targets in Gaza or Iran.
Every single Gaza strike brought the possibility of mass casualties, but in Gaza, this was a feature, not a bug for HAMAS. HAMAS needs civilian casualties because they cannot win a fight against Israel. The world must be so horrified that they end the conflict with a cease-fire and a cease-fire means a HAMAS win.
However, civilians in southern Lebanon can flee north, which is something that cannot be done by residents of Gaza. This makes Hezbollah a much more attractive target and reduces the amount of propaganda that can be released by Hezbollah.
Hezbollah is in a bad situation and they are starting to realize that Iran is not coming to help them.
– Ryan McBeth
Victims are blamed, pressured into keeping quiet, and whistleblowers are pursued. In short, after an initial flurry of activity, we have taken the Rotherham vaccine and become inured to the plight of our young girls, who are foolishly looking to us in hope of salvation, imploring us for help and daily praying for justice – a vain yearning in today’s Britain.
Mentioning the scandal carries a “branding” sentence, which an increasing number of people feel unable to bear, preferring to throttle the source of the sound of suffering than to deal with the root of the problem.
One thing is for sure: it is for us, not the authorities, to judge them on their record.
The mother in Wakefield lived through two-tier policing, as have many thousands of other desperate souls. That is a fact.
– Alex Story
We are witnessing a kind of unwitting absolution of Hamas. It seems the West’s cultural elite, drunk on woke, can only interpret this war through the warping prism of identity politics. So ‘white’ Israel is seen as the only true, conscious actor in the war, while ‘brown’ Hamas are the victims, or at least hapless players whose actions are not worth dwelling on for long. In this twisted vision, Israel acts, Palestine is acted upon – even though it was Hamas’s acting upon Israel on 7 October that started the entire thing. It’s time to stop blaming Israel for everything. It’s time to talk about Hamas’s culpability. It’s time to give evil its due.
– Brendan O’Neill
We’ve all heard the prevailing narrative in recent weeks. The riots that hit our towns and cities were the consequence of a mix of ‘inflammatory rhetoric’ and ‘disinformation’ from malicious actors. Elon Musk, Tommy Robinson, Andrew Tate, Nigel Farage – all these individuals have been depicted as the James-Bond-style villain responsible for the mayhem.
This misguided theory has repeatedly been advanced by various liberal sophisticates on social media – people who always appear so desperate to flaunt their ‘progressive’, high-status opinions (the better to win kudos from their peers, of course).
[…]
What it all shows is that if you scratch a member of the liberal intelligentsia, an anti-democratic authoritarian will bleed. We see time and again that, when it comes to the crunch, the liberal ‘good guys’ are as illiberal as the worst despots.
– Paul Embery
Media reaction to the National Wealth Fund has, in general, been positive, though (predictably) The Economist was critical. Interestingly, The Guardian did not appreciate the fund’s misleading name. Probably the most glowing responses came from the Financial Times. Many might think that this, as well as the various big names involved in the formulation of the policy — including former Bank of England governor Mark Carney and the Chief Executives of Aviva, NatWest, and Barclays — reflects the fact that this policy is well-formulated and fundamentally sensible. They would be wrong. As we have seen, there is nothing sensible about the majority of the ‘preliminary’ sectors chosen.
– Pimlico Journal
“Speech is not violence. Words cannot injure or compel a person to hate or riot. Consequently, the state has very little business policing it, and the outcomes are usually dire when it tries.”
– Institute of Economic Affairs, in an emailed newsletter it sends out. It refers to recent commentaries such as here and here.
A plethora of on-message communicators, embedded in governments and global organisations, are engaged in disseminating messages to the masses urging us all to change our behaviours so as to save the world from purported existential threats. Near the top of the pyramid of these influencers are behavioural scientists, with the U.K. hosting many such ‘nudgers’ skilled in the art of persuading the populace to comply with diktats to ‘save’ the planet from a looming viral or climate apocalypse. But do these various mouthpieces promoting globalist agendas ever pause to question the legitimacy their goals? Recent evidence would suggest not.
– Gary Sidley
Sovereign Wealth Funds (SWFs) controlled more than $11.8 trillion in 2023, beating hedge funds and private equity firms combined, up from $1 trillion in 2000. State-owned enterprises (SOEs) had assets worth $45 trillion in 2020, the equivalent of half of global gross domestic product, up from $13 trillion in 2000. The Organization for Economic Cooperation and Development calculates that half of the world’s 10 biggest companies and 132 of its 500 biggest are SOEs. The state is not only back. It has burrowed into the heart of the capitalist economy — running companies (often across borders) and shaping capital markets.”
– Adrian Wooldridge, Bloomberg ($)
I would argue that this issue is as big, or more serious, than the usual complaint that boards of large, mostly listed, companies have gone “woke”. Because as we have seen, as interest rates have risen to curb inflation, some of this wokery has gone into retreat. But sovereign wealth funds are a different kettle of fish. With a few exceptions (Norway), nearly all the countries operating SWFs are commodity-rich autocracies, such as those of the Gulf, of varying levels of opacity. As Wooldridge says, this creates a big problem because the healthy “creative destruction” of free market capitalism cannot so easily work its brutal, if necessary, magic.
Recently, there was an attempt – since thwarted, as far as I can tell – by an Abu Dhabi-backed fund to buy the Telegraph Group, owner of titles including the Spectator and the Daily Telegraph. That caused a political storm. But many other acquisitions, such as of ports, sports clubs and infrastructure, go on and are routine.
A question I have is whether the current Labour government, full of managerialist/statist types with no feel for entrepreneurship and the healthy ups and downs of capitalism, will be tempted to do something similar, although the UK, unlike the oil-rich potentates of the Gulf, is short of funds. But even so, the Starmer government might be tempted, maybe in concert with other countries, to try and get into the state capitalism act. It is probably already doing so.
The question is whether any of the opposition parties have the fortitude and discipline to mount a coherent takedown of all this, and perhaps join it with a similar assault on the growing spread of the “administrative state”. In many ways, the rise of this state, and SWFs, are part the same, troubling trend.
“Economics without price theory is knowledge without wisdom. Any economist can analyze data to estimate how many lives you’d save by requiring car seats for toddlers on airplanes. It takes a price theorist to ask how many lives you’d lose when the resulting increase in airfares prompts families to drive—which is far more dangerous—instead of fly. Price theory breeds wiser policymakers and wiser voters. If we fail to teach it, that’s a tragedy.”
– Steven E. Landsburg
The first piece is how pensions work, and what’s gone wrong with them. In our state pension (I’ll say a little about private schemes at the end), we don’t “save up for our retirement”. When we started the system after the war, we needed to pay retirees immediately. Pensions have therefore always been met each month out of taxes paid by workers that month. At any given moment, there is only a week or two of funds in the government’s “State Pension account”.
While that arrangement solved an immediate problem, it created an enormous structural problem. When the pension scheme was started, life expectancy was about 68. Now it’s about 82. And birth rates started falling in the 1960s, meaning that more and more pensioners incomes are being funded by fewer and fewer workers. The result is that the average person born in 1956 now takes out around £290,000 more in retirement income than she paid over her working life.
The plan for addressing that problem was to grow the economy each year by an amount sufficient to generate enough tax receipts to keep funding the expanding retirement bill. And for most of the 20th century, while we benefitted from a global hydrocarbon and nuclear energy system that for decades doubled in size every 7 years, that plan worked.
“Net Zero” puts an end to that.
– Richard Lyon
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