“A good economist is one who can understand both the “seen” and the “unseen” consequences of policy. It is the proponents of this policy who are ignoring the complexities of the issue. `Britain deserves a pay rise, let’s give it one’ is hardly the height of sophistication when it comes to economic and political analysis.”
Philip Booth, who was unimpressed by how Iain Martin, of the “popular capitalist” blog CapX, wrote in defence of George Osborne’s atrociously-conceived “living wage” idea.
When you have a writer of an allegedly pro-free market blog such as Martin arguing for state fiat control of wage levels, and who belittles those who argue against such things as ideological nit-pickers, there is a problem. What also gets me is that this foolish idea was introduced by a government that does not need to pander to leftist economic illiteracy. The Tories don’t even have the feeble excuse of having to placate coalition partners after having won power outright in May.
There may be some good features of Osborne’s recent Budget (the upward rise in inheritance tax thresholds was welcome, although the system remains unnecessarily complicated) but there is far too much political gamesmanship from Osborne for anyone who supports free markets to take him all that seriously as a friend of capitalism and freedom. If or when the costs of a far higher statutory minimum wage start to really hit small and medium-sized firms – as they will – will he have the balls to admit this has been a foolish mistake? I am not betting on it – he’ll probably have moved on by then.
… burn this statist anachronism down and salt the earth upon which it stood.
At least the Stupid Party currently governing the UK seems willing to clip the BBC’s wings, but that really is not even nearly enough. In this age of the internet, the whole notion of a state owned media enterprise is redundant. Moreover it is absurd for the nominally conservative Tory party to sustain a tax funded media organisation that is run overwhelmingly by partisan Labour and Green party supporters.
Boris Johnson is of the view the government should strongly encourage UK companies to eliminate low paid jobs, be it via automation or off-shore outsourcing. You can tell he thinks that because he supports the notion of a state imposed ‘living wage‘, by which low productivity employees are priced out of a job entirely, thereby ending up welfare dependent wards of the state. I really do look forward to his attempt to become the leader of the Tory Party
Bill Clinton continues to push for an end to capitalism, such as it is, and the fuller implementation of a system in which only nominal ownership of the means of production is permitted, and company ‘owners’ are free do do what they want, just as long as it is in accordance with the state’s political objectives.
For some reason the twits who run the City of London gave this philandering scumbag a venue in which to speak.
Boris Johnson wants people to pay more for transport in London because breaking up a taxi cartel is bad apparently. And people paying less to move around the city is bad for the economy apparently. And in an age of ubiquitous GPS, ‘The Knowledge‘ should be used to limit the numbers of people driving cabs in order to keep prices up.
Bear in mind this fuckwit may well try to be Prime Minister one day.
Nice to see the ‘conservative’ government’s attempts to drive the financial industry out of UK is continuing apace.
Bonuses could be clawed back for as long as a decade under new rules published by City regulators today. The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) confirmed they were pushing ahead with rules for a wider seven-year claw-back period but that an added three years is being considered for senior managers.
if HSBC and others do not make good on their threat to leave the UK then they must be out of their bloody minds. Just move to Hong Kong or Zurich. And if you get a bonus in the UK, plan on leaving the UK and working somewhere else at the first sign of trouble in your company, taking your dosh out of the country with you of course, because otherwise some regulator looking to justify their existence might want to take a bite out of your account.
It’s almost as if the NSPCC wants there to be an epidemic of child abuse. Which, in a way, it does. Not because it’s peopled by sadists, but because, as a semi-state-backed organisation established to protect children, its very raison d’être demands that it has some threat to protect children from. It has a vested interested in establishing child abuse as a clear and present danger; it is institutionally determined to ramp up fears of child abuse.
Jamie Oliver, the celebrity chef and cockwomble, has decided to introduce a soda tax in his restaurants “to send a powerful and strong message to government”. He claims that he will give money raised to the state-funded sock-puppet charity Sustain, who are agitating for a soft drinks tax that will cost taxpayers £1 billion a year. If Oliver feels so strongly about fizzy drinks he could simply stop selling them, but that would hit his bottom line so he’d rather gouge his customers to fund a campaign for a state-sanctioned ‘level playing field’ that will rip off his competitors’ customers too.
I suppose my biggest beef with Hilton’s book is that it identifies an endless stream of ideas for decentralising government, in order to make the statist beast better behaved, when I’d just kill it. You can’t personalise Leviathan. It doesn’t do cuddly.
The UK Labour government mentioned is that of Wales. One of the advantages of devolution is that it allows people to compare the results of different laws in the various constituent countries of the UK. The Welsh Government wants to promote and protect the health of Welsh people in the same way that it has promoted their education since devolution. Verybadly.
Electronic cigarettes are to be banned in enclosed public spaces and workplaces as part of a raft of radical health plans announced by the Welsh government.
The law would be the first such restriction in the UK and would be hugely controversial among thousands of users, producers and campaigners who believe the use of e-cigarettes can help smokers of conventional cigarettes quit.
Other measures proposed by the Labour-controlled government is the creation of a compulsory national licensing system in relation to acupuncture, body-piercing, electrolysis and tattooing.
Weirdly, or perhaps not so weirdly, the archetypal fake charity ‘Action on Smoking and Health’, which gets less than 2% of its funding from public donations, is actually on the side of health:
Action on Smoking and Health a charity that works to eliminate the harm caused by tobacco, said it did not support the sort of ban proposed by the Welsh government.
It said there was emerging evidence that e-cigarettes helped people quit smoking and there was little evidence they encouraged “never smokers” to take it up. A spokesperson said: “We think they should be appropriately regulated. That does not include banning in public places.”
The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.