It cannot be said too often and it is especially pertinent right now, given the state of the world’s economy now, and in particular given how America’s Presidential candidates are talking now: The Great Depression was both caused by and then horribly prolonged by bad governmental and political decisions. The Great Depression was not caused by unfettered capitalism. Throughout this unfolding disaster, capitalism was very fettered indeed, and it was these ever-tightening fetters which proved to be so disastrous:
The genesis of the Great Depression lay in the inflationary monetary policies of the U.S. government in the 1920s. It was prolonged and exacerbated by a litany of political missteps: trade-crushing tariffs, incentive-sapping taxes, mind-numbing controls on production and competition, senseless destruction of crops and cattle, and coercive labor laws, to recount just a few. It was not the free market that produced twelve years of agony; rather, it was political bungling on a scale as grand as there ever was.
That is the final paragraph of Lawrence W. Reed’s demolition of Cliché of Progressivism #33 (that it was all the fault of “Unfettered Capitalism”) for FEE (the Foundation for Economic Education). I was steered towards this piece because of its Quotulatiousness. That blog quotulates a few of the early paragraphs of Reed’s piece. I say: read the whole thing.
Almost as important as how the Great Depression began and was prolonged is how it ended, just after World War 2, as Reed also explains very well.
If you want a bit more detail about that recovery, and in particular of its politics, try reading the chapter on mid-twentieth century America in JP Floru’s book Heavens on Earth (SQotD-ed here), which is about eight such happy episodes around the world in recent times. The world now knows, in the words of Floru’s final chapter heading (also the sub-title of his book), “How To Create Mass Prosperity”. Or rather, the sensible parts of it do. The only uncertainly about the free-market, non-interventionist policies that Reed and Floru recommend is in whether such policies will be applied in the first place, and whether they will then be persisted with.
See also this earlier posting here, which reports on, among other things, a ding-dong I had with Lord Skidelsky concerning this exact same point.
Libertarian Home holds speaker meetings on the first Thursday of every month. The most recent of these meetings featured a talk by Tim Evans. You can watch and listen to the whole of this talk, which lasts 33 minutes, here. At the other end of that link you can also read a summary, by Libertarian Home’s Simon Gibbs, of the first big chunk of the talk, which consisted of Tim’s take on Jeremy Corbyn. Since that posting went up, Simon Gibbs has done another summary, of what Tim Evans said in the same talk in connection with tomorrow’s Budget.
Videos play to the strengths of human beings as communicators. We have evolved with the innate ability to talk, provided only that we start out hearing others talk, and most of us are pretty good at talking. But we have to learn reading and writing, especially writing, and even the most fluent and practised writers struggle to write down every worthwhile thought that they have ever had.
An extreme case of this is the libertarian historian and IEA apparatchik Stephen Davies, whose movement-building activities cruelly cut into his history-writing time. But: good news, there is a video of an excellent talk given by Davies to Libertarian Home in June 2013 about The History of Individualism, in which he says many of the things that he has not had the time to write about. Better yet, follow that link and you will also encounter a summary by Simon Gibbs of what Davies said. There are many other videos of Steve Davies talking and I recommend all of them. But if you want to learn quickly about a particularly good talk by Davies, follow that link.
Quite aside from their excellence at getting things said that otherwise might not be said, it’s good to see and to hear people whom you are interested in, rather than merely to read what they have written. You get to see what they are like, and something of how they feel about the world as well as how they merely think about it. When speaking, people are often able to say things, of an elusive yet true nature, with a sense of just how sure they are or are not about it all, and in a way that sometimes even surprises them a little. (I sure I am not the only one who sometimes feels that I don’t know what I think until I hear what I say.) You don’t usually receive as much information by watching and listening to someone on video as you would if you had actually been been there, although you sometimes see and hear more, rather as watching sport on television can often be more informative, in some ways, than actually being there. But the point is that video is good in the same kind of way that face-to-face contact can be.
All of which is part of why videos now abound on the internet. They communicate a lot. (The above also explains the popularity of programmes like Skype.)
The trouble is, a lot of videos can take their time, especially videos like the ones I have just been linking to which are simply videos of talks. Take their time? What I mean is: they take your time, often in large gobs.
→ Continue reading: Libertarian Home video talks summarised
Whatever one thinks about Trump, and I certainly don’t always agree with him, he is the first major American politician (something he clearly is now) to name directly the entity that seeks to destroy Western civilization. He didn’t even cloak it in “radical Islam.”
The assumption of the “good people” is this will only make things worse, alarm the Muslim world and stir it up (as if it could be any more stirred up). Perhaps, however, it’s the contrary. Perhaps people are sitting in the Islamic world and privately sighing in relief. At last America has a leader (a “strong horse” in their parlance) who isn’t a fool, who is willing to stand up and say what so many already think.
– Roger L. Simon
The problem of poverty is not a shortage of experts; it’s a shortage of rights.
– On December 6th 2015, William Easterly gave the most recent Hayek Memorial Lecture, on the subject of “The Tyranny of Experts: Foreign Aid versus Freedom for the World’s Poor”.
Just after 13 minutes and 40 seconds into his lecture, Easterly said the above words, twice.
I liked one of the comments on this piece, which reports on a piece of feminist glaciology.
Take it away, commenter “Schacar Mevsky”.
Employing whiteness theory, I hypothesize that the authors are attracted to the glacier because it is white, especially at the “peaks” of the mountains, while the brown run off is down “low.” White privileged hegemony has not been disrupted here but infects the study from start to finish. The authors try to mask this by cultural appropriation of terms like “postcolonial analysis” and “feminist glaciology,” but they manifestly privilege phallocentric Western techno thinking. They construct binary, deontological “evidence,” having failed to consider that the glacier they are raping with their instruments is sacred to the Peruvian indigenous peoples, who have sacrificed 16-year old girls to it for millennia because its water “contains its sacred powers” (p. 95). Where, finally, in this allegedly subversive study are the Discourses of the Diasporic Imaginary of the marginalized? The authors privilege the glacier as an “icon.” But what about the Discourses of the iceberg? Of the lowly snowball? Of the ever-maligned piss hole in the snow?
This notion might attract non-comedic attention from academia. Maybe it already has.
The above mockery makes a bit too much sense to be five star academic bullshit, but the guy should stick at it. What he gets so right is the way that these idiots quite quickly reach the stage of trying to out-idiot each other. And by the way, in case you are wondering, “Diasporic Imaginary” is not a misspelling of “Diasporic Imagery”, or some such slightly less confusing thing. This is a reference to actual academic discourse.
Those piss holes in the snow take me back a few decades. I do love a bit of Michael Caine discourse.
Just how bad and how widespread is the kind of nonsense that is lampooned in the above comment? Are all academies in the Anglo-Saxon world as intellectually deranged as some parts of some of them clearly are? Or is it merely that Anglo-Saxony is huge and contains lots of academies, and so if you look for any particular sort of academic insanity you will find it?
These four separate craters were man made, or to be honest, created by a bunch of government union drones, not refilled with blacktop or marked with an orange cone. The question is whether this is utter incompetence, blatant indifference, spite or a business transaction between government drones and local tire dealers. Luckily, government traffic engineers have been too swamped to properly time the lights on Chestnut Street for the last 20 years, so no one can travel faster than 15 mph anyway. Government lessens the pain of their ineptitude through their ineptitude in another area.
– Jim Quinn
Linked to by the amazingly industrious and non-drone-like Instapundit, in this case in the person of non-drone Ed Driscoll.
Aka Stealth Bomber Yacht?:
I came across this very superior yacht because it was written up and pictured up in the Daily Mail, among many other www places.
It is the work of this guy:
Long distances are achievable with reduced out-of-water drag and stormy ocean conditions would incur virtually no slamming. Improved efficiency is driven by elevated hydrofoil propulsion and would be an inherent performance benefit of this type of design.
Long distance, smooth travel through rough water at high speed: the key performance attributes of this new motor yacht design.
Yes, sadly this is only, as yet, a yacht “design”. This is a “concept yacht”.
Notions like this are why the world needs rich people. Their job is to check whether stuff like this actually works, at their own risk and at their own expense. The rest of us can then pile in and share the fun.
This thing should star in the next Bond movie, “smooth travel through rough water at high speed” being the very definition of James Bond’s world.
I did not know this:
Dawkins began writing the book in 1973, and resumed it in 1975 while on sabbatical. At the suggestion of Desmond Morris, the zoologist and author of The Naked Ape (Jonathan Cape, 1967), Dawkins showed some draft chapters to Tom Maschler of Jonathan Cape, who strongly urged that the title be changed to ‘The Immortal Gene’. Today, Dawkins regrets not taking the advice. It might have short-circuited the endless arguments, so beloved of his critics and so redolent of the intentional stance (in which we tend to impute mental abilities to unconscious things, from thunderstorms to plants), about whether selfishness need be conscious. …
That is Matt Ridley writing In retrospect about Dawkins and The Selfish Gene.
“Immortal” would certainly have been accurate in a way that “selfish” was not. But perhaps having what was arguably a mistake in the title caused heat as well as light in the responses to The Selfish Gene, and thereby enabled this great book, in the end, to spread more light than it might have done if more precisely titled.
… It might even have avoided the common misconception that Dawkins was advocating individual selfishness.
Indeed. Actually, Dawkins has rather orthodox leftist views about such things as individual selfishness (unlike Matt Ridley). But by incurring the ignorant wrath of PC-ers, Dawkins has, I think, been driven away from unthinking leftism, towards more thinking non-leftism, of the sort that Matt Ridley espouses. He is certainly not a member of the PC tribe.
This is a common story. Oafish PC virtue signalling has caused many a good leftist to find himself on the wrong end of his own opinions, and thus to learn at least some of the errors of his ways.
Had he called The Selfish Gene instead The Immortal Gene, might Dawkins have remained, or been allowed to remain, a more orthodox leftist? And if he had, would he, for instance, have been so ready to denounce Islam as strongly as he has, alongside his denunciations of Christianity? Would he now be so ready to mock feminism, and thereby incur yet more PC wrath? (“We believe strongly in freedom of speech … However …”) Dawkins probably would have got involved in such scraps anyway, but he might have had more to lose.
Matt Ridley’s central point is that, whether correctly titled or not, The Selfish Gene combined being original science with successful scientific popularisation in a way that is very rare.
I have been reading Charles Murray’s book, Coming Apart.
I recommend this book, but I doubt that I myself will be reading every word of it, and certainly not every number. This is because I am already convinced by Murray’s basic thesis, which is that that America is becoming increasing divided along class lines. The temptations of government welfare, just as you would expect, have enticed the poor into self-destructive habits far more than the rich, because the rich, being rich, are insulated by their riches from these temptations. The rich have also resisted the temptation to smash up their families and raise their children out of wedlock, even as they mock those who still proclaim such notions in public. When it comes to family values, says Murray, the rich ought to be more ready to preach what they practice. All this strikes me as very true.
I was particularly struck by this, which is how Part III (“Why It Matters”) begins (p. 238 of my Penguin paperback edition):
The economist Maynard Keynes, accused of changing his mind about monetary policy, famously replied, “When the facts change, I change my mind. What do you do, sir?” The honest answer to Keynes’s question is “Often, nothing.” Data can bear on policy issues, but many of our opinions about policy are grounded in premises about the nature of human life and human society that are beyond the reach of data. Try to think of any new data that would change your position on abortion, the death penalty, legalization of marijuana, same-sex marriage, or the inheritance tax. If you cannot, you are not necessarily being unreasonable.
So it has been with the evidence I have presented. A social democrat may see in parts 1 and 2 a compelling case for the redistribution of wealth. A social conservative may see a compelling case for government polices that support marriage, religion, and traditional values. I am a libertarian, and I see a compelling case for returning to the founders’ conception of limited government.
In other words, as Perry de Havilland never tires of saying: metacontext, metacontext, metacontext.
Keynes himself changed his mind a lot less than he said he did, I think.
Like Charles Murray, I am a libertarian. But like Murray, and unlike many libertarians, I also believe that old school married parenthood is the best setting in which to raise children, even if, like all other libertarians, I absolutely do not believe that old school married parenthood should be legally compulsory or that any alternatives to it should be legally forbidden. I am not myself married, but a lot of my best friends are libertarians who are married and who are now raising children. They are my friends not just because I like them, but because I admire what they are doing. I love to attend weddings, and have become good at photographing them. Partly this is because I just have, and because I especially like to photograph the many other amateur photographers also present. But I also love weddings because I strongly believe in what is promised at and accomplished by such ceremonies. So, I like Charles Murray’s general ideological attitude to life.
But, I also strongly agree with Murray about how hard it can be to change such ideological attitudes. In particular, merely spraying facts around the political landscape does not necessarily change it very much. Rather does it merely, as Murray says, confirm in the minds of all who hear these facts that they have been right all along about what needs to be done about them.
But this does not mean that minds cannot be changed. Facts, if they are overwhelming enough, can make a difference, especially to people who are young enough still to be making up their minds. But when communicating with such people it is essential not to confine yourself only to facts, however overwhelming they may seem to you. You should also engage at the ideological level. You should state the metacontextual conclusions that you want people to arrive at.
If this does nothing else, it at least enables people to realise that they are in this or that metacontextual team, and to help to make that team a little bit stronger.
It is one thing merely to be a libertarian. You will make a lot more difference to the world if you also realise that a libertarian is what you are. Being a libertarian means have a much more restricted idea of what governments should compel and forbid than tends to prevail nowadays. But it does not mean refraining from having and expressing opinions about how to live wisely.
Having here, as we do, lots of American commenters who are knowledgeable about the details of American politics means that it makes little sense for us Samizdatan Brits to be telling Americans about American politics. But it makes perfect sense for the likes of me to ask questions about American politics. And my question to all American readers who choose to care about it is: Is this true?
This being a Breitbart piece by John Nolte in which he claims that Donald Trump has, pretty much instantaneously and single-handedly, destroyed Hillary Clinton, by flinging at her the accusation that she is an enabler and political ally of a serial woman-destroyer. This mud has been floating around for decades. Everyone has known it. But thanks to Trump and his mastery of the social media, this mud has now, finally, been made to stick. For a quarter of a century the corrupt American mass media have been protecting the Clintons from all this. Now, that protection has been obliterated, by Donald Trump.
If that’s true, then good – very good – for Donald Trump. I have all the obvious doubts about this bizarre man that others have expressed, here and elsewhere. But, one of the basic rules of civilisation is that the rules made by big people, and indeed the basic rules of behaving decently, should apply to big people as well as to little people. The idea that the king is above the law is the very essence of lawlessness. And in the person of “The Donald”, says Nolte, this idea – that the rules apply to the big person that is Hillary Clinton – has finally being applied to and is having serious consequences for this appalling woman, if not in an actual court of law, then at least in the court of public opinion.
Nolte further argues – his piece is entitled “Bernie Sanders Rising Because Trump Annihilating Hillary Clinton” – that the rise of Bernie Sanders is not really a rise; it is merely the collapse of Sanders’s rival for the Democrat nomination, Hillary Clinton.
But: Is all or any of this true? I really look forward to hearing what our commentariat has to say.
I have always thought that we libertarians have a lot to learn from socialists. Not about what are true ideas. They can tell us very little about that, although the process of combating those ideas is very valuable. But about how to spread ideas – how to make ideas count for something – the socialists can tell us a great deal. Their success in spreading their own ideas is all the more impressive when you consider how very bad most of these ideas are.
We can learn, for instance, patience. This is from a piece in the Guardian a few days ago by Rafael Behr:
Whatever else Corbyn’s surprise ascent last year represents, it demonstrates the value of patience. It takes a particular temperament to plug away in apparently futile opposition, making pretty much the same speech to the same fringe meeting for 30 years, letting no belief be washed away by shifting political and economic tides, but instead sifting events for bits of evidence to support the unwavering faith. Not everyone who is cast on the wrong side of history sticks around, confident that history will swing by again in the opposite direction. Yes, Corbyn has been lucky, but fortune only furnished the battle. He gets the credit for winning.
And he is still winning. The tendency in Westminster is to measure success by the restless pulse of the news cycle and the temperature of public opinion. In those terms, Corbyn is not doing so well. It took the best part of a fortnight to conduct a shadow cabinet reshuffle from which the casual observer will have gleaned that Labour is in chaos, divided over nuclear defences with a new bias towards the view that Britain shouldn’t have any. By conventional measures this is bad, but the tradition from which Corbyn hails does not respect those conventions.
To sneer at 14 days of reshuffle-related mess is an error based on the Westminster canard that a week is a long time. Corbyn and friends come from a place where 14 years is a pause for breath; where 30 years of barren rhetoric can whizz by without frustration. Set that as the tempo of achievement and the appointment of an anti-Trident shadow defence secretary is a monumental triumph. Every day in the leader’s chair is more triumphant still if it stops the Labour party returning to what it was.
When libertarians have contrived serious victories, these are the sorts of ways we have done it. When we start winning bigger and more dramatic victories, these are the sorts of ways we will do it.
I receive emails from Google about, among other things, 3D printing. These 3D printing emails link to pieces that mostly confirm my current prejudice about 3D printing, which is that it is an addition to the technological armoury of current manufacturers rather than any sort of domesticated challenge to the conventional idea of manufacturing being done by manufacturers. Far from making manufacturing less skilled, 3D printing is, as of now, making manufacturing more skilled. Which is good news for all rich countries whose economic edge is provided by being able to deploy an educated rather than merely industrious workforce.
Here is the kind of story that these emails link to:
… my colleagues and I have found a way to print composite material by making a relatively simple addition to a cheap, off-the-shelf 3D printer. The breakthrough was based on the simple idea of printing using a liquid polymer mixed with millions of tiny fibres. This makes a readily printable material that can, for example, be pushed through a tiny nozzle into the desired location. The final object can then be printed layer by layer, as with many other 3D printing processes.
The big challenge was working out how to reassemble the tiny fibres into the carefully arranged patterns needed to generate the superior strength we expect from composites. The innovation we developed was to use ultrasonic waves to form the fibres into patterns within the polymer while it’s still in its liquid state.
The ultrasound effectively creates a patterned force field in the liquid plastic and the fibres move to and align with low pressure regions in the field called nodes. The fibres are then fixed in place using a tightly focused laser beam that cures (sets) the polymer. …
The patterned fibres can be thought of as a reinforcement network, just like the steel reinforcing bars that are routinely placed in concrete structures …
In earlier pieces I have done here about 3D printing, commenters have compared the current state of domestic 3D printing with the state that domestic 2D printing had reached in the days of the dot matrix printer. Remember those? Maybe not. They disappeared from common view quite a while ago now.
The above description of miniature reinforcing rods makes me think that something like a 3D printing analogue to the 2D domestic laser printer may be about to emerge. Laser printers supplied, once their price had fallen to something domestically tolerable, unprecedented clarity and flexibility to domestic computer users. The process described above, and all the other 3D printing advances that those google emails tell me about, will, if all develops well, supply unprecedented internal strength, and hence just all-round quality, to cheaply printed 3D objects.
None of which means that specialised 3D printing by specialisers in all the various different sorts of 3D printing that are now coming on stream will cease to be a way to make a living, any more than specialised 2D printing experts have all now been run out of business by amateurs in their homes. (Quite the opposite – that link being just one for-instance of a hundred that I might have picked – I just happen to have particularly noticed taxis covered in adverts.) It is merely that, in the not too distant future, domesticated 3D printing may actually become seriously useful to people other than hobbyists and 3D printing self-educators.
However, even as supply gets ever cleverer, when it comes to domestic 3D printing there remains the problem of demand. As I asked in this earlier posting here (commenter Shirley Knott agreed): What 3D printed objects will be demanded domestically in sufficient quantities, again and again with only superficial variations (in the way that black-on-white messages on paper are now demanded) to make domestic 3D printing make any sense? No answer was supplied in those comments three years ago, and I have heard no answer since. So the above ultrasound-arranged reinforcing rods trick will almost certainly turn into just another manufacturing technique for old-school manufacturers to apply to their old-school specialist manufacturing businesses. Which means that this posting becomes just another Samizdata Ain’t Capitalism Great? postings. Which is fine. On the other hand, few can see killer apps coming, until suddenly they come. So maybe a future beckons, which sees us all eating out, but making other, inedible stuff in our kitchens.
The reinforced concrete reference also makes me even more eager than I long have been to see how 3D printing impacts on the world of architecture, architecture being another enthusiasm of mine. Postings like this one at Dezeen make it clear that this is a question that lots of others are wondering about also.