I love the idea that prosperity can be decreed by a G20 communiqué. World leaders in Brisbane have airily committed themselves to two per cent growth. (Why only two per cent? Why not 20 per cent? Or 200 per cent? Who knew it was so easy?) Meanwhile, in the real world, the divergence between Continental Europe and the rest of the planet accelerates.
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Samizdata quote of the daySamizdata Illuminatus (Arkham, Massachusetts) · Economics, Business & Globalization · Slogans & Quotations November 17th, 2014 |
 8 comments to Samizdata quote of the day |
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They don’t control the accelerator, only the brakes.
They actually seem to have a nasty habit of either shoving blocks under the “go” pedal to “limit performance” or of cutting the accelerator cable at the worst possible moment……..
At times I feel we need King Canute back to repeat his demonstration :
“he commanded that his chair should be set on the shore, when the tide began to rise. And then he spoke to the rising sea saying “You are part of my dominion, and the ground that I am seated upon is mine, nor has anyone disobeyed my orders with impunity. Therefore, I order you not to rise onto my land, nor to wet the clothes or body of your Lord”. But the sea carried on rising as usual without any reverence for his person, and soaked his feet and legs. Then he moving away said: “All the inhabitants of the world should know that the power of kings is vain and trivial”
but these days, faced with the clash between a damp king and the unshakable belief that kings can command the sea, most of the commentariat and the political class would simply insist that the King was dry, however much he dripped.
…dry and fully clothed.
There’s a reason that we call the mechanism which keeps a machine from running too fast a “governor”.
Lee Moore and Alisa – yes.
Laird – that would be a conservative government (as described in the late Michael Oakeshott’s “On Human Conduct”) – not this bunch of tosspots.
“Our measures, which we are not going to clearly describe – even to ourselves, will increase prosperity by X per cent – because we say so”.
Very well it is now official – the world is ruled by raving lunatics.
Which explains a lot.
Cnut only made one mistake- he didn’t get his order written down! Bureaucracy NEEDS paperwork!
The only possible conclusion is that the governments willingly and knowingly apply the brake, and have agreed to _ALLOW_ growth of 2%, and not a jot more.