Of course, England has been here before. The EU (that’s the Pope and the whole of Catholic Europe) excommunicated Queen Elizabeth and barred all trade with us; not even a WTO-terms deal, only a bit of state-sanctioned piracy and smuggling kept us going. In reaction we went further afield to find new trade partners and accidentally founded the British Empire, established dominance of the seas and oceans and led the world in trade and commerce. They did us a favour, really.
– Raedwald, taking a few liberties but making a great point 😀
A lot of strange stuff has been written about the referendum and its aftermath, so a writer really has to go some to stand out from the crowd. As was highlighted today by Walter Ellis (brilliant Reaction Remainer, who shows we are a broad church while generally being for enthusiastically getting on with Brexit), the case of Christopher Booker is most strange. Booker was, along with his associates, a robust voice for leaving the EU for many years. Now he writes it will be a disaster because we are leaving the customs union and because NO-ONE WILL LISTEN TO HIM AND HIS FRIENDS, or something. Let’s face it. There is a strand in the Eurosceptic movement that liked being a minority interest. There is a similarity there with music fans who like showing their alleged superiority by being into an obscure act. What they hate most is when other people start buying the records of their hitherto little-known favourites.
– Iain Martin
It seems natural that people competing for scarce taxpayer dollars would argue about why their area is more deserving and others less so. But we don’t see that. School superintendents don’t complain about business subsidies, mayors don’t criticize the cash paid to state universities, and Medicaid advocates don’t denounce state-paid agriculture marketing. The people who receive government money in one area simply don’t complain about other areas of government spending.
This is why tax-hike coalitions get so many partners.
That’s because there is a Trough Truce: The people feeding at the trough of public dollars implicitly agree to never criticize when other spending interests receive money. Instead, they advocate for more tax dollars. There’s an unwritten agreement for the community of interests paid by public dollars to keep the peace among themselves and use each other to advocate for more resources for all trough-feeders.
– James Hohman
It is possible to go through an entire education to PhD level in the very best schools and universities in the British system without any of your teachers or professors breathing the words “Friedrich Hayek”. This is a pity.
Hayek died 25 years ago today, yet his ideas are very relevant to the 21st century. He was the person who saw most clearly that knowledge is held in the cloud, not the head, that human intelligence is a collective phenomenon.
If Hayek is mentioned at all in academia, it is usually as an alias for Voldemort. To admire Hayek is to advocate selfishness and individualism. This could not be more wrong. What Hayek argued is that human collaboration is necessary for society to work; that the great feature of the market is that it enables us to work for each other, not just for ourselves; and that authoritarian, top-down rule is not the source of order or progress, but a hindrance.
– Matt Ridley
The facts are unambiguous: despite public perceptions to the contrary, extreme poverty has declined significantly, to the point where its end may actually be in sight. So next time you hear someone bemoaning a supposed rise in world poverty, encourage them to have a look at the evidence for themselves.
– Chelsea Follet
Debt is the Fed’s basic problem, and it doesn’t know how high rates can go without triggering a financial crisis. And even if the Fed could make an assessment for America, there is the knock-on effect of the Fed’s interest rate policy on foreign dollar borrowers, as well as on the Eurozone and Japan. China has indirectly added to the West’s problems by being the largest component of global economic growth. Her massive credit expansion is contributing to higher interest rates elsewhere by financing imports, commodity stockpiles and driving up prices. It is the lack of ability of the ECB and the Fed to raise interest rates sufficiently to counter higher rates of price inflation that’s becoming the most pressing challenge.
– Alasdair MacLeod
But Scottish nationalism is a blind and unreasoning beast, appeals to logic and sentiment will get us nowhere, and we should recognise this fact. If one seriously believes that the Scottish people are being oppressed and having their democratic rights trampled by the Evil English, or that they somehow lack their due influence in our nation’s government despite enjoying political devolution and autonomy far greater than that enjoyed by the UK’s most populous home nation, then a sensible discussion cannot be had.
– Samuel Hooper
Evaluating film based on the criteria of diversity can only diminish it. Rather than encouraging people to take a chance and watch films out of their comfort zone, it will instead add more weight to the idea that only certain types of people can, and should, enjoy certain types of films. It also suggests that certain films have authority not because of their artistry, but simply because they are ‘diverse’.
– Maren Thom
The problem is that a lot of data suggests that countries with more robust welfare states tend to have stronger far-right movements. Providing white voters with higher levels of economic security does not tamp down their anxieties about race and immigration — or, more precisely, it doesn’t do it powerfully enough. For some, it frees them to worry less about what it’s in their wallet and more about who may be moving into their neighbourhoods or competing with them for jobs.
– Zack Beauchamp, Vox.
(Yes, I am putting up a SQOTD from a lefty news service. If readers’ blood pressure rises, sorry. The article contains a few errors and arguments I don’t agree with, but I like to find signs, or glimmerings, of intelligence wherever I can. Maybe, just maybe it is dawning on some of the smarter souls in the Left that the identity politics game has been a catastrophe, and that some of the so-called solutions for our ills as advocated by socialists/Welfare Statists have been an abject failure. Politics/ideas are in ferment right now, and this article is a sort of suggestion of what the ferment is causing. I also commend the author for the amount of data here.)
I added this to the pushback in the comments:
Let’s consider: the article goes into considerable detail to point the fact that in those countries with high levels of Welfare State spending and the rest, support for the far right has increased often more than among those places with less of this, and the author concludes that one reason might be that citizens in those places feel their welfare frees them up to worry about non-economic issues, such as the allegedly malign impact of foreigners entering a country. That seems to be just as plausible a reading of the facts – and in some ways an original and perceptive one – as the standard line that high welfare has sucked in lots of foreign scroungers who have provoked a backlash. For a start, there is no clear evidence that immigrants in net terms consume more welfare than the indigenous population. Secondly, there is the point that the sort of people who want high welfare spending (paid for, they naively think, by other, richer people) tend to have a zero-sum, economically illiterate view of the world (hence their support for a Welfare State), and people who hold wrong-headed views about the State tend also to hold fearful views about immigrants “taking their jobs” or whatever. And the kind of folk who are turned on by the politics of identity tend, given their collectivist assumptions about life (bosses, workers, them, us, etc) to be the sort who like Big Government.
This article shows why it is no accident that Labour Party voters, who by and large aren’t the sharpest knives in the drawer, have switched to UKIP, or even further to the right, and why socialism often blends very easily with nationalism.
Like I said, what I hope (naively!) this article suggests is that there are people on the Left who are seeing this, and who realise there is a problem. At the very least, rather than simply criticise and pick holes, it is a good idea in my view to engage with these folk, to show where they are correct and draw them out. This is how intellectual shifts occur; smart advocates of liberal free markets and limited government should embrace anyone who seems honestly to be wrestling with what is going on.
For decades, often in word but always in deed, politicians have told voters that government debt didn’t matter. We, and many economists, disagree. Yet even if the politicians were right, the absence of available creditors would be an insurmountable problem—were it not for the Federal Reserve. But when the Federal Reserve acts as the lender of last resort, unpleasant realities follow. Because, as everyone should be keenly aware, the Fed simply prints the money it loans.
A century of arguing about how much to increase spending has left us with a debt that dwarfs the annual economic output of the planet.
A Fed loan devalues every dollar already in circulation, from those in people’s savings accounts to those in their pockets. The result is inflation, which is, in essence, a tax on frugal savers to fund a spendthrift government.
– Antony Davies & James Harrigan
If cutting that welfare state means that women are getting less out now then that obviously means that before the cuts to the welfare state then women were getting more out.
– Tim Worstall
Which raises the question: into which model do men and women fit? As I said before, women seem to prefer working in sprawling bureaucracies masquerading as support functions in huge companies. Men tend to drift towards the sharp end of the business where the core function is carried out and the most value added. I am also fairly certain that it will be men who are setting up the small, nimble businesses that aim to cash in on technologies such as the Internet, drones, and 3D printing. There will be female entrepreneurs, but their numbers will be dwarfed by those who are men. For whatever reason, young men in their twenties have a habit of risking all for a big reward instead of seeking security and certainty, at least in comparison to their female peers.
– Tim Newman