The Labour government that will take office tomorrow will be a disaster. Keir Starmer will make a terrible prime minister – a political weathervane, swinging wildly towards the policies he thinks will be most popular; a weak, unimaginative leader trying to keep the lid on a party seething with far-left lunatics, bitter class warriors, anti-Semitic bigots and deranged wokels.
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What, in any event, does one say about the future of a country like this? The image that increasingly comes to mind when I dwell on these issues is one of an attic in a dilapidated country house, dusty and mildewed, with many old spider webs strung between the rafters. Brittle and frail, these strands of gossamer still somehow cling to the physical realm, and to physical existence, because the still, stale air does not contain quite enough movement to dispel them into nothingness. But all it will take is one decent breath of wind, one strong draft from a suddenly opened window somewhere else in the house, for them to be swept away forever. That is how I envisage our political class and the chattering classes which surround them. They are of such thinness and intellectual fragility that they could be knocked over by a feather, and all we are really waiting for is to find out where the coup de grâce will come from and whether it will be economic, social, military, or something else entirely. To return to a different analogy, the feeling is increasingly one of wondering not whether the future is going to hurt, but how much – whether it will be equivalent of a knife or a bullet wound. We’re coming to the end of something, and we all know it; in this respect the promise of a ‘new Britain’ does seem somehow to be prophetic, although one strongly suspects that ‘renewing our democracy and rebuilding our economy’ are unlikely to be on the cards for a long while yet. A great realignment is coming; but what will start the avalanche and what comes next? We will only know looking back afterwards. July 3rd, 2024 | 21 comments - (Comments are closed)
 “It is true that taxes and prices have risen. But this did not happen in a vacuum. For much of 2020 and a chunk of 2021, we paid people to stay home, and printed money with wild abandon. What the hell did we think would be the consequences?” June 24th, 2024 | 21 comments - (Comments are closed)
“When sweeping, idealistic dreams trickle down into sales and marketing channels, AI’s potential uses become unclear. Framing AI as a general-purpose Swiss Army knife for productivity inevitably leads to paralysis for its end users: Where do you even start with a technology that can do everything?” – Parmy Olsen, Bloomberg ($) Along with others, Olsen is freaked out by the skyrocketing ascent of chip-maker Nvidia’s stock price. June 21st, 2024 | 18 comments - (Comments are closed)
Stagnation is an illusion. We grow or we die, and our planet is a museum of civilizations gatekept to their extinction. It’s a grim question, but worth asking: are we improving our world today, or are we living in the ruins of a world that died with our grandparents? The last moon landing took place on December 14th, 1972. Today, there are ninety-three nuclear reactors in the United States. We’ve built 3 since the year 2000. Following a century of complications, and a full decade building, New York City recently opened three new Subway stations along Second Avenue. There is presently no city in America capable of building a complete underground rail system. Fortunately, that knowledge hasn’t yet been lost. We’ve just been gatekept to paralysis. But a century from now, with no course correction, who will be left to teach our grandkids what to build, or how? – Mike Solana (£) Or as the excellent Virginia Postrel phased it in her great book “The Future and Its Enemies”… Stasists vs. Dynamists June 18th, 2024 | 17 comments - (Comments are closed)
Productivity isn’t flat today in the slightest. It’s just turning up in the consumer surplus, not GDP. As with my favourite example, WhatsApp. That is in the economic statistics as a decline in productivity (no, really). It’s also giving 2 billion people free telecoms. As another (non-NL so far at least) economist, Hal Varian puts it, GDP doesn’t deal well with free. June 16th, 2024 | 20 comments - (Comments are closed)
So rescuing hostages is a war crime now. A ‘grave, grave war crime’, in fact. That’s according to the Guardian’s Owen Jones who is outraged that IDF troops used a humanitarian truck to sneak into the town of Nuseirat where they rescued four of their hostages from the clutches of Hamas and its local heavies. Kenneth Roth, formerly of Human Rights Watch, is also fuming over the IDF’s Trojan Horse antics, reminding Israel that it has a legal duty ‘not to disguise soldiers as civilians’. These people are nuts. What do they expect the IDF to do? Knock on the doors of the fascists holding their compatriots and say: ‘Can we have our Jews back, please?’ June 12th, 2024 | 15 comments - (Comments are closed)
“I am under no illusion that even the most passionate and articulate defence of classically liberal values would be an enormous vote winner. But in an election likely to return a Labour government who will, by their nature, proselytise about the good the state can do, and with a Conservative Party which has in recent years shown a frankly alarming tendency towards illiberalism, implementing sugar taxes and attempting to ban smoking forever. The country desperately needs a counterweight to slow our seemingly inevitable slide towards an ever expanding state. Even if the Tories don’t get completely annihilated at the ballot box they are likely to spend at least the next six months tearing themselves apart in a leadership election. The Lib Dems will be providing the real opposition for a while and they need to stand for something.” – Emma Revell, in CityAM. June 11th, 2024 | 15 comments - (Comments are closed)
“In the Singaporean case, economic growth has proved to be an upshot of cultural values; it requires a critical mass of the population to hold a certain moral and political psychology, and a particular set of dispositions about enterprise and industry, risk, and change. Cultural values are sticky, and to change them, some moment of acute crisis, when it appears that the costs of continuing down a certain path are greater than shifting course, is required. Yet while crises are necessary for cultural change, they are not sufficient: they represent moments of maximal opportunity, though they must be exploited. And for this, skilled politicians with judgement and a strategy are required.” June 7th, 2024 | 15 comments - (Comments are closed)
Some 200 million Europeans will not be voting for an EU government but rather for a chamber to rubber-stamp the laws passed down from the unelected self-sustaining oligarchy that is the European Commission. It is rather as if Sir Humphrey really did rule from on high in Whitehall, writing all parliamentary bills which were then nodded through by a compliant Commons with maybe just a change here and there. Real parliaments hold governments to account – they don’t just fiddle around with the details. The EU has sucked powers away from national governments but without replicating the infrastructure and institutions of a functioning democracy. It has created a strange hybrid structure whereby the first the public hears about legislation which will affect their lives tends to be when it is too late, when it is passed to national governments with the instruction to incorporate it into national law – under threat of sanctions. – Spectator editorial (£) June 6th, 2024 | 20 comments - (Comments are closed)
The historical record is clear; “One-Nation” Conservatism is an unelectable platform. It is completely toxic, politically. The existence of challenger parties on the Right is possible only because the Conservative Party is still under the malign influence of individuals who believe that vast legal immigration is an unmixed economic good which creates ‘concerns’ which must be addressed by listening. Who think that ‘trans’ and ‘woke’ are just culture war distractions from the next bold investment in Britain’s ever nascent life sciences industry. Who think that we must be a ‘Net Zero superpower’ if we want to maintain our ‘soft power’ abroad. There is no political constituency in Britain for these people. They are kept in Parliament because of tribal Tory voters and the fact that the alternative is usually worse. – Sydney Carton, The Critic. June 4th, 2024 | 29 comments - (Comments are closed)
Then there’s Trump. The New York State district attorney, Alvin Bragg, is a Democrat with powerful political motives to bring down the likely Republican nominee. That should be a scandal but, in the ethical muddle of our age, it seemingly isn’t. The actual charges concocted by Bragg against Trump I leave for the legal experts to parse. None of them rose to the level of Clinton’s server or Biden’s garage sale of secrets. But Trump is the monster that haunts the nightmares of the privileged class. He must be prosecuted in multiple times and places, convicted, fined hundreds of millions, imprisoned, annihilated, pulverised. The whole process stinks of desperation. June 3rd, 2024 | 14 comments - (Comments are closed)
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