What have I done wrong, really, except make money; succeed? All these rules and regulations: arbitrary. Chalked up by politicians for their own ends. And these fines you’re always going after: where do they go? The poor? No. The treasury; the government. It’s taxation by other means. […] I make the system run. I have contributed hundreds of millions of dollars in taxes and philanthropy. I employ hundreds of people directly. Thousands indirectly. What do you do? Nothing besides suck from the municipality; feed off of it. And in exchange what? Keep order? You’re a traffic cop hiding in Federal robes.
So says hedge fund manager Bobby Axelrod to U.S attorney Chuck Rhodes in the finale of the TV series Billions. It is worth a look. The government officials end up looking more like the bad guys than the business people.
Rhodes’ response: “You’re sure to become president of the libertarian club of Danbury Federal prison, ’cause no matter what you say, that’s where you’re ending up.”
Word-Thinkers: Use labels, word definitions, and analogies to create the illusion of rational thinking. This group is 99% of the world.
Word-thinkers are people who fail to make the map-territory distinction that I wrote about years ago. Persuaders are people who are good at the rhetoric that I more recently wrote about disliking the necessity of. Scott Adams is talking about the same kinds of things, but he is a better communicator than me. I like that I can now accuse people of being word-thinkers and supply a link.
In late June Michael Jennings, Patrick Crozier and I travelled to Israel with some other friends to have a look around. We met up with regular Samizdata commenter Alisa who lives there, and spent an evening and night in Tel Aviv.
Israeli equivalent of a keg on the beach in Tel Aviv
On Friday we drove to Jerusalem and checked into our Airbnb appartments before meeting up with another friend who had promised to take us on a tour. I drove and our guide joined us in our seven seater MPV. Our first stop was the Haas Promenade where we could see the whole city. Our guide explained the different areas and we could see the barrier wall.
View from Haas Promenade
So after some lunch, we went to Rachel’s Tomb. We drove along the wall before turning through an open gate guarded only with an empty armoured personnel carrier. The road winds around with the wall on both sides and leads to a small car park, itself entirely enclosed by the concrete wall. I do not remember seeing any soldiers. All was quiet apart from a call to prayer emanating from the other side.
The Guardian is covering German finance minister Wolfgang Schäuble’s interview comments that he will not let Britain play with him or his EU friends if it does not do what he wants.
Germany’s finance minister, Wolfgang Schäuble, has slammed the door on Britain retaining access to the single market if it votes to the leave the European Union.
In an interview in a Brexit-themed issue of German weekly Der Spiegel, the influential veteran politician ruled out the possibility of the UK following a Swiss or Norwegian model where it could enjoy the benefits of the single market without being an EU member.
“That won’t work,” Schäuble told Der Spiegel. “It would require the country to abide by the rules of a club from which it currently wants to withdraw.
“If the majority in Britain opts for Brexit, that would be a decision against the single market. In is in. Out is out. One has to respect the sovereignty of the British people.”
I am left wondering what he means and why we should care. On what he means, the article does not help.
A lot of people seem to be under the impression that “trade deals” are somehow important. I am of the view that unilateral free trade is perfectly fine. If the German government wants to tax and bully Germans who want to buy things from people in Britain, that is very much the German people’s problem. It might mean that Germans buy fewer things from the UK, but does that really matter? Mainstream thinking seems to be that it will cost Jobs, but jobs are a cost. There is no shortage of work to do, so if British people spend less time and effort making things for Germans they will just have more time and effort left to make things for other British people, or people in other countries. Of course there will be some short term pain and turmoil as a result of changes, but that is true of all changes, so I think it is only necessary to consider the long term. And in the long term, as long as the British government allows us to buy things from Europe if we want to, everything will be fine.
George Osborne tweeted, “UK would have to accept free movement and pay in to EU to continue to access trade”, as if the EU would impose an embargo on us like the USA does Cuba.
Peter Mandelson said, “We cannot leave the club and continue to use its facilities.” What facilities specifically does he mean? There is an awful lot of vague language about. As far as I can tell we will still be able to visit France and bring back wine, even outside of the EU.
Matthew Elliot, formerly of the Taxpayers’ Alliance, Big Brother Watch and now the Vote Leave Campaign Committee, said, “The eurozone economies are dependent on trade with the UK. We are the fifth largest economy in the world, while many of them are in a desperate state due to the failing single currency. There is no question about it, Britain will still have access to the single market after we vote leave. It would be perverse of the eurozone to try to create artificial barriers – and would do far more damage to them than to anyone else.” This sounds about right. But then he went on to talk about the ability to “forge trade deals” with emerging markets outside of the EU, which I still see as unnecessary.
People trade with people. Governments just decide whether to get in the way or not. At least for now, UK government people on both sides of the EU debate are talking about the importance of not getting in the way. So that is one good thing.
The value of the Pound is reacting to every last little bit of news about the EU referendum. The mainstream media would like us to worry that its value could drop if we vote to leave. Everyone is talking about it. Even City AM, though the two comments point out that it depends what time spans you look at. In any case, past Guardian articles bemoan a high value Pound, so Guardian readers must now vote to leave.
Anyway it is quite obvious what will happen to the economy in the event of Brexit: some short term turmoil while things reconfigure themselves to the new arrangements, followed by a bit more growth than there would have been otherwise thanks to slightly less friction from interfering politicians.
Today I learned that Stansted Airport security will make you put your child’s comforter through the Xray machine. And before you get it back, if the beeper goes off, ask him to stand still on his own to have a wand waved at him.
My two year old boy sat down and screamed at the man. I was very proud.
I am watching Brexit: The Movie. I am only about half an hour in and I am learning a lot. I did not realise how little power the European Parliament had or how many different councils and presidents there were. The tone is measured and reasonable, rather than polemical and raving, which makes it useful and easy to share widely. I understand that it focuses on economic issues, which might even change the minds of those who think anti-EU sentiment is confined to xenophobics. The production standards are very high, too.
I wonder if it will get any publicity in the mainstream press.
Some people think the Rio Olympics might cause the Zika virus to spread all over the world. Reddit is not a reliable place for sensible political commentary, but I am heartened at how up-voted comments like these are:
mixmastamikey: “Global Health Disaster” How about just “Global Disaster”… Why the fuck can’t we reuse olympic venues? Seriously why does a different country need to host the olympics every 4 years. Cant everyone just buy a fucking island and call it olympic island maybe update a few things here and there.
BlueBlazerIrregular: But then the IOC wouldn’t be able to steal millions and would lose out on all that graft and bribery. Think of the rich for once! They are people too!
kangamooster: Hmm, I guess you could consider lizardfolk people….
Kamuiberen: Wait, are we talking about IOC or FIFA here?
BlueBlazerIrregular: Same modus operandi
Anyway it seems unlikely that the Olympics will be stopped or moved and I am not sure if doing so would really make any difference. I am hopeful of solving problems with technology, though. I am quite keen on the plan to exterminate all mosquitoes. And then there is IBM’s rather interesting research into a chemical that blocks viruses in general.
“We began to think, how can we move forward and kind of attack the virus in a very different way,” says Hedrick. “Instead of going after its RNA or DNA, we looked at the glycoproteins that surround…the virus.” No matter what the virus and how it mutates, it’s going to have these substances on the surface; they have electric charges (some positive, some negative) that a chemical can stick onto. What the researchers developed is a polymer that adheres to the virus, blocking it from hooking onto a victim cell in the body.
The idea is to put the molecule in soap and hand-wipes, but it could also be put into a person.
Assuming it works as well as the researchers say, the macromolecule couldn’t come soon enough to handle frightening outbreaks like Zika, Ebola, and chikungunya. But it hasn’t quite come yet. “My gut feeling is, something like a wipe, something like a hand cleaner is going to be relatively straightforward to move to market,” says Hedrick. “It you market it as a true antiviral, I would imagine it would take 3, 4, 5 years maybe maximum.” Getting the macromolecule into humans, where it uses all three of its powers, would require clinical trials than could extend over several years.
Serious question: why the need for such long clinical trials? What is wrong with marketing something with the caveat that it is not fully tested yet and it might be a cure worse than the disease but if you have a terrible enough disease it might be worth a try?
I am at Brian Micklethwait’s place for his latest Friday. This argument against leaving the EU was made (I am literally live blogging, this is breaking news!): The good thing about Brussels is that it is impossible to be emotionally attached to it. This weakens the state.
Interesting discussion is now ensuing. And we have not even got to the speaker yet.
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