We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.
Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
|
The latest addition to my family takes up more room in the car than expected, and the old car is dying more quickly than expected, so I want to buy a new car sooner than expected. To do this I took out a small loan, and shopping around for loans I found Zopa. The feature of their loans that attracted me was the ability to repay early without penalty.
But there is more to it than that. They are a peer to peer lender. Savers can save money with Zopa, and the money is divided into £10 chunks and spread between a large number of borrowers. I can visit a web page that shows a list of the people who have lent me money. For instance, I owe £20 to John Owen in Brighton. I get a cheaper loan, and they get higher returns on their savings than could be had from a conventional savings account.
Of course, though the credit reference checks are quite stringent, there are risks. The web site Money Saving Expert points out:
With normal UK savings, the Government-backed Financial Services Compensation Scheme promises it’d pay the first £85,000 per person, per financial institution if the institution goes kaput. Peer-to-peer lenders don’t have this.
Well, good! Peer to peer lending is about as Samizdata as it gets. Individuals are voluntarily lending their money to each other for mutual benefit, bearing the costs of their own risks. There is not even any fractional reserve banking to worry those who worry about such things. The interest rates are properly Austrian, being set by a market and not by the government. And the company called Zopa is making a profit doing the very valuable middleman job of dividing the labour by taking care of the paperwork and matching borrowers to lenders.
Zopa is a founder member of the Peer-to-Peer Financial Association, “a UK trade body set up primarily to ensure this innovative and fast growing sector maintains high minimum standards of protection for consumers and business customers”. A worthy idea: a voluntary membership organisation that enforces high standards among members thereby helping consumers decide who to trust.
On 24th October the Peer-to-Peer Financial Association issued a press release.
Christine Farnish, Chair of the Peer-to-Peer Financial Association (P2PFA) said:
“We welcome today’s consultation by the FCA on the new regulatory regime for peer to peer lending and crowd funding.”
“Peer-to-peer lenders have been pressing for regulation for some time and believe it is important that all firms entering this important new market behave responsibly, treat their customers fairly and manage their risks.”
So now they want to take all this beautiful voluntary activity and introduce state backed violence. And they think this is a good idea. I give up.
Incoming from David Thompson:
Wondered whether the discussion linked here – about art and public funding – might be of interest to Samizdata readers.
Here are some of my objections to taxpayer-funded arts subsidies:
– It is immoral to steal money to subsidise other people’s hobbies.
– The greatest art seems to happen when high art and low art combine, in the form of something that is superficially entertaining and stirring and popular, and also as profound as profundity seekers might want it to be. Arts subsidies harm art by dividing it into less good entertainment art, paid for by punters, and less good high art, paid for with subsidies. Arts subsidies in Britain are now being cut somewhat. The result will be somewhat better art.
– Arts subsidies turn art into political agitprop, in favour of subsidies for art and for everything else that the subsidising classes consider to be worthy, and at the expense of everything productive that the subsidising classes consider to be unworthy. This is why abolishing arts subsidies is politically and ideologically so much more important than the relatively small sums of money involved, compared to other subsidies, would suggest.
If you want more from me about this, see also this and this, from way back.
LATER: … and this, here, quite recently.
In my previous posting here I asked: What if there is a real collective disaster? Well, from what I’ve been reading, in the US of A now, they’ve got one. Not a day now goes by when I don’t thank the universe that I won’t have to navigate my way through Obamacare, or anything like it, any time soon.
I particularly liked this comment on it, from Peggy Noonan:
I bet America hopes the websites never work so they never have to enroll.
SQotD has already been taken, but had it not been …
I also liked the comment from a few days back (sorry don’t recall where) to the effect that the most secure thing about Obamacare is that not even the hackers are able to get into it long enough to steal anything.
A few years back, whenever one of us Brits here had a moan about the state of things in Britain, American commenters would chime in with invitations to us to give up on dear old doomed, doomed Britain, and come and live in the land of the free. There’s been less of that sort of commenting lately.
One of the ideas behind CAGW is that, even if the current CAGW scare turns out to be the great big fraudulent fuss about nothing that most of us here now believe it to be, it would be wise to have in place the political machinery for coping with any future collective human disasters of a similar sort that might require collective human action to survive them, before such a disaster really does threaten to strike, and this time for real. Better safe than sorry. Better to get prepared now. CAGW may be a lie, but this is one of several ways in which it is regarded by those pushing it as a noble lie.
Paul Murphy identifies an important weakness in such thinking. Crying wolf can make the real wolf, if he does finally show up, more rather than less dangerous:
The deeper issue here is not that the political action now strangling western economies is politically motivated, but that accepting the arguments for seeing warmism as sheer political fraud means accepting that the talking heads citing science to sell it to the masses are either deluded or dishonest – but because no wolf today doesn’t mean no wolf tomorrow, it also means that warmist politicization of the research process has to be seen as having destroyed the credibility of all involved, and thus as having greatly weakened the world’s ability to recognize and respond to a real threat should one now materialize.
Indeed.
Quite a few libertarians of my acquaintance (including, I seem to recall from comment threads here, our own Johnathan Pearce) think that libertarians, to quote the words said to me on this topic a few days ago, “miss a trick” by failing to describe what should happen in the event of such a real collective disaster. Yes, CAGW is almost certainly a lie, noble or just plain wicked. But what if something like that really does look like it really is about to happen?
My personal answer is that the decisive variable will probably not be political preparedness, but scientific and technological and economic preparedness. Not: Will we be politically organised to do the necessary? Rather: Will we be able to do the necessary? If our species suddenly finds itself facing a real collective disaster, the political will to tackle it will surely be there. What may be lacking, however, is the means to avert disaster, and even to understand it correctly. The best defence for humanity as a whole, just as it is now for the people in your town facing flood risks or tornadoes, is to be rich and clever and alert. Anything that gets in the way of that is bad.
Murphy is quite right that this ghastly CAGW episode has degraded our collective alertness. Even warnings of disaster from impeccably scrupulous scientists, utterly unconnected with the CAGW argument, will now be taken only with vast pinches of salt added.
For those who do think that political preparedness might make all the difference, I’d add that, in addition to being richer, cleverer and more alert (not least because in a free society a wider range of potential dangers will have been speculated about – e.g. by science fiction writers) than a less free society, a more free society is also more public spirited. You can never, of course, be sure, in the event of a one-off global crisis. But, when collective action really is necessary, free societies tend, quite aside from doing everything else better, to do even that better than unfree societies.
An unfree society may be great at imposing immediate unanimity, but what if what it immediately imposes unanimously is panic and indecision? (Think Stalin when Hitler attacked the USSR in 1942 1941.) And what if it then imposes a wrong decision about what needs to be done? A collectivity that is hastily assembled by freer and more independent persons is just as likely to act in a timely manner, and is far more likely to have a proper argument about what must be done, and hence to arrive at a better decision about that.
Besides which, what is often needed in a crisis is not so much collective action, but rather individual action for the benefit of the collective. That is a very different thing, and clearly a society which cultivates individuality will prepare individuals far better for such heroism than will societies where everyone is in the habit only of doing as they are told.
I will be interested to hear what commenters have to say about this.
The goal has been the same for over a decade: Total Information Awareness. The government seeks to have all the data it can possibly get, and keep tabs on every documented detail in your life. They will share this data with law enforcement agencies that have nothing to do with terrorism, which is itself a minuscule threat compared to what America faced during the Cold War.
The only way to stop this is a nationwide movement to restore the Fourth Amendment completely. No more warrantless searches—for any reason: drugs, guns, taxes, money laundering or terrorism. This system cannot be reformed, because the system, from top to bottom, is all aimed at abolishing every last bit of personal privacy.
We have been told it’s a balance between liberty and security, but look where that game has gotten us. The government wants total control. Only if we reject their entire agenda can we have any footing in restoring our liberties.
In George Orwell’s 1984, everything was monitored, except the protagonist Winston Smith did have a small corner he could hide in, where the cameras couldn’t see him. Where we’re heading, we won’t even have that corner.
– Anthony Gregory
Back in the early 1980s at Auburn University, Roger Garrison (now retired from teaching there) had to give an undergraduate student an “A” grade for an answer to a test question about minimum-wage legislation. The student endorsed the legislation precisely because the legislation prices many blacks out of the labour market – and that southern-boy student believed that consequence to be just dandy. The kid, like Unz, has values that I (and Roger Garrison) abhor. But that kid, like Unz, got the economics right.
– Don Boudreaux
“Yes, just as homeowners with guns make home invasions less likely. Given that merchant vessels have been armed for nearly all of human history, the real surprise is that anyone finds this surprising. On the other hand, the near-elimination of piracy was a major accomplishment of the two centuries of British/American naval dominance that appears to be coming to an end. This is just one small way in which the world will pay a price.”
– Glenn Reynolds, talking about the sharp fall in piracy attacks on vessels in the Indian Ocean since merchant ships began to use armed protection.
So the NSA has spied on Americans.
Guess what…
… if you are one of the approximately 6.8 billion people who do not have the ‘privilege’ of being taxed worldwide by the USA (i.e. you are not a US national), the fact the NSA has made a mockery of the US constitution is of purely academic interest.
I just watched a rather good Guardian presentation on the NSA revelations. As I watched outraged talking head after outraged talking head decrying what the US has done, and generally agreeing with them I might add, I was also struck by the fact some gave me the impression that the fact the NSA (and GCHQ) have actually intentionally damaged the infrastructure of the internet itself was not as important as the fact they had spied on Americans.
No, it really is not the main issue at all, not by a long shot.
The fact the intelligence agencies of Germany, France, Australia, Canada, New Zealand and (particularly) the UK were complicit with the NSA making us all less safe by subverting the encryption upon which our economies increasingly depend (not to mention our right to privacy), well that is a vastly bigger issue. And it is why the Snowden revelations are of global interest, not just American interest.
The First World’s security states, like the foam flecked wild horses pulling the NSA’s chariot, are out of control and that makes this a vastly bigger issue than the breaking of one country’s constitutional limitations.
If the NSA had improbably somehow managed to only spy on foreigners and not a single American, whilst introducing backdoors and flawed encryption standards world wide, it would not make this any less dire.
Michael Eisen is a biologist, who studies the fruit fly drosophila with especial interest as nearly all biologists appear to do for some reason some of our learned readers will, I hope, explain to me. In his own words,
A few weeks ago a postdoc in my lab logged on to Amazon to buy the lab an extra copy of Peter Lawrence’s The Making of a Fly – a classic work in developmental biology that we – and most other Drosophila developmental biologists – consult regularly. The book, published in 1992, is out of print. But Amazon listed 17 copies for sale: 15 used from $35.54, and 2 new from $1,730,045.91 (+$3.99 shipping).
And the price was rising steeply almost as he watched. Why? I had often wondered this myself. Not that the development of the fruit fly has generally been my first choice for a riveting read, but I did once come gulpingly close to pressing the “Buy now with 1-Click” button for Connie Long’s Easy Guide to Sewing Linings before noticing just in time that it was going for more than two hundred pounds. It is now down to a mere £86 new / £44 used. I was kind of hoping for under £10. I am an idle waster who noted the strangeness and passed on; Doctor Eisen is a research scientist. He duly researched and explained all.
Remember, remember the fifth of November
Gunpowder, treason and plot
Today is the Saturday nearest to Guy Fawkes Night. In half an hour I will be off to a fireworks party to commemorate the foiling of a dangerous Catholic plot against the realm. My Catholic family never had the slightest compunction about burning the chief conspirator in effigy. The plot was real, feasible and evil. In the years that followed, many innocent Catholics were suspected and sometimes killed for plots that were imaginary. The cry of “Popish plot” retained its power to whip up the mob for generations afterwards.
The target changes. I do not usually link to articles behind the Times paywall, but this piece by Matthew Parris, “Our need to hate creates another victim”, is so timely and true that I shall break that rule.
On Tuesday an item appeared on page five of this newspaper. Our treatment was typical of most of the national press: only The Independent put it on the front page. Fleet Street does not appear to have judged that readers would see this as a big story.
Our headline was: “ ‘Paedophile’ killed by neighbours was wrongly accused — Disabled man had photographed flower vandals”.
Bijan Ebrahimi, who lived alone and had learning difficulties, loved tending to hanging baskets of flowers outside his Bristol flat. When youths vandalised them he photographed the incident, to complain. A neighbour decided he was a paedophile, the rumours spread, and an angry crowd gathered outside his home, chanting “paedo, paedo”.
…
Every reader will be familiar with the very great difficulty we face when the burden of our advice to an anxious friend is not that a problem is imaginary but that he or she has got it out of all proportion. You are not claiming his worry is groundless; you are not even trying to make light of it. You are really just trying to get the worry into some kind of perspective. How does one strike the balance between scaling an anxiety down to size and appearing to dismiss it?
I find myself in that difficulty now, when what I want to suggest is most emphatically not that the problem of paedophilia does not exist, but that as a society we have become unhealthily obsessed by it. A kind of madness is gripping our age: I felt that as I pictured the terrified Bijan Ebrahimi, the crowd chanting “paedo, paedo” outside his flat, and nobody daring to try to protect him. And this in my own country.
…
I suppose the obvious comparisons are with the 17th and other centuries’ waves of hysteria about witchcraft, and my fellow columnist David Aaronovitch once made those comparisons bravely and powerfully on this page. But (as David acknowledged) there’s a difference: the case is easier to make when the object of the public’s fears simply doesn’t exist and never did. Paedophilia does exist, and this generation’s better understanding of how widespread it can be and what harm it can do acknowledges truths that our grandparents’ generation overlooked or ignored. If we must go back centuries for our parallels in the English imagination, maybe French spies or Popish plots are better comparisons, for these were by no means always imagined. . . but those days seem so distant.
For a public panic that some who are alive today can remember, I’d suggest we cross the Atlantic and return to the 1950s. So poisoned has Senator Joe McCarthy’s reputation become that we tend to forget that the threat to the security of the West from the USSR was probably real. There really were Communist plots, there really was an extensive network of Soviet espionage, there really were unAmerican activities, and Moscow really did hope to foment revolutionary unrest in Western nations. It’s just that McCarthy whipped the American public into a state of disproportionate fear about it all and ruined many innocent lives.
|
Who Are We? 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.
|
