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]
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Guido reports that various opposition unworthies were at Lord’s today, watching England v India, “while Rome burns”, as he put it. Ed Balls, Charlie Whelan, and someone equally important called Kevin whom I do recognise from the picture and whose name I do know but have forgotten. MacGuire, is it?
But it was far worse than that in the fiddling while Rome burns department. As soon as it started raining, they had no less a personage than Sir Mervyn King, Governor of the Bank of England, talking on the radio, with BBC cricket commentating supremo Jonathan Agnew. I know this, because I was listening. Is this not, I thought, rather an odd day for Governor King not to be at his desk?
Sir Mervyn talked a lot about the Chance to Shine initiative which encourages school kids to play cricket. He has an interest in cricket and its organisation that goes way back, it would seem. It all sounded very encouraging for England cricket fans like me, provided we were able to set aside details like the world’s financial system going into melt-down.
Sure enough, towards the end of their chat Aggers asked King about “events in Europe today”. Had he not done this it would have been even more surreal. King blocked all these queries with straight-batted cliches about how he and his various banking opposite numbers were in constant touch with each other, getting on top of the crisis, blah blah. If only.
Geoff Boycott (scroll down here (17:23) for a report) had a go at King for bailing out failed banks. Boycott didn’t talk to King face to face, which I am sure they took very good care to prevent. But he did send a note, which Aggers read out:
Free enterprise doesn’t work when private companies take the profits yet we the public pay for their loses. How is that right? I say put them all in jail. Geoff Boycott
King didn’t lose his cool, but he definitely sounded rather ambushed. Basically, his answer was: “When you are the BBC’s economic correspondent, I’ll answer your questions. I’m here to talk about cricket.”
Was King doing that central banker thing of deliberately not cancelling irrelevant engagements, to give the impression of business as usual, no panic, steady as she goes and all that? If so, does he seriously think anyone will be fooled?
Come to think of it, do you suppose that this is what the Emperor Nero himself thought he was doing, when he played on his instrument all those years ago? Fire? What fire? No no, just a little local difficulty. Soon blow over. Relax. Everything under control.
Maybe Nero was just doing music so he could ignore awkward incoming phone calls.
England are 127-2, this having been the somewhat disappointing (because cut short by rain) first day of a potentially very absorbing four match series. I’m watching the highlights now on the telly. India and England are, in that order, now to two top ranked test playing international cricket teams. If England can win this four match series by a margin of two matches or more, they will go top. England have a definite chance of doing that.
As for the chance that Mervyn King and his various opposite numbers will manage to stop that financial crisis from getting any worse, well, that I wouldn’t rate quite so highly.
Even by his standards, Detlev Schlichter’s latest blog posting is quite a read. Quote:
Evil and dumb people can be dealt with. The deeply-convinced do-gooders in positions of almost unchecked power, those are the ones we should worry about, those who are full of good intentions but suffer from tunnel-vision, incurably in awe of their own theories and incapable of even beginning to grasp how what they are doing could make things worse.
Schlichter seems to me also to be rather worried about something else. What if, in the words of one of our recent commenters (on this), Lee Moore, “the roof falls in” before Schlichter’s book comes out? Given what Paper Money Collapse says, Schlichter will never be an entirely happy man until the world is back on the gold standard, but he won’t be at all a happy man until his book sees the light of day, on both sides of the Atlantic, given the current state of the world’s financial system. If all hell breaks loose before the book even goes on sale, he will merely look like he is analysing the catastrophe, but with the juicy details stripped out. But, if doomsday obliges by not happening quite yet, he will, when doomsday does come, be a prophet of doom proved right. Far better.
Given that timing with books, especially books about soon-to-be-current affairs, can be so important, I am puzzled as to why Schlichter’s book is due out on August 31 2011 here in the UK, but not until October 4th 2011 in the USA. Its American publisher confirms this date discrepancy, although they only talk about August and October (I did the comparison by using this page). Can anyone talk me through this? I know nothing of what the rules are for publishing books on both sides of the Atlantic at nearly but not exactly the same time. Maybe this kind of gap is routine. Maybe, for instance, they figure that what with Schlichter being based in London, London should get to read it first, because maybe London will be particularly friendly. Or, maybe it’s something to do with local book the markets.
More specifically, can any Samizdata reader advise me about what exact date it would make sense for me (given that I am already reading an advance pdf of it) to publish my review of this book? I have already emailed the publishers about this, but they were rather vague. I said “early September” and they said fine. But exactly when would make the most sense? If, now that I have gone public with this question, they want to tell me a more precise date, that would be most helpful.
I’m so insulted when people say that lawmaking is like sausage making.
– Stanley A. Feder, President of Simply Sausage, quoted by the New York Times, requoted here. And now here.
Rob Fisher, fellow Transport Blogger and a favourite blogger of mine generally, has a posting up at his personal blog about the coming-real-soon-now Asus Padfone. Instead of each of us having a phone and a computer with a screen, this gizmo will combine the two. When you want a phone, you use the phone. When you want a computer, you shove the phone into the screen.
The central point being that phones are now big enough and serious computers are now small enough, for a phone to contain a serious computer.
It seems like the future. The amount of stuff that can be done on a smartphone-sized device is about to hit some critical level. Already desktop PCs are only needed for high end games and serious number crunching. The PC has become a laptop has become a netbook has become a phone. The only problem is the ergonomics, and a single device with multiple form factors is a good solution.
Well, I don’t know about that “only needed for high end games and serious number crunching” bit, but in principle this has to be right. Maybe not now, but any year now.
Asus has form (as in good form) for spotting when something has got small enough to be seriously different. A while back, they lead the world into genuinely portable and genuinely cheap computers, with the Asus Eee PC. I got one. At first I liked it, but eventually I got fed up with its geek-friendly but human-hostile operating system and with its just-too-small keyboard, so I sold it on to a geek child, and got a proper netbook with a proper operating system that I was able to work properly (not least because it was identical to the one on my big old home computer). Even so, despite my eventual disappointment with this Asus offering, I always liked and still like what it was trying to do.
This Asus Padfone immediately started ringing the same bells in my head. It looks like this Padfone, or something very similar, could be the natural successor to that netbook of mine, and to my regular phone, and to my ridiculously antique mobile phone, and to my Filofax, and even, in the fullness of time, to my big old home computer. Microsoft look out. Google really is taking over the world.
Asus also understands that low prices cause a lot more people to become interested in whatever it is. If this thing is as cheap as I hope it is, that will hurry things along, just like the ultra-cheap Eee PC did.
I will probably be holding off this time, waiting for others to respond with their versions of the same thing, and even then it may not really suit me. However, next time I meet Rob I will definitely be cross-examining him about this latest triumph of consumer capitalism. Despite all the financial chaos, they just keep on coming, don’t they? Why can’t schools, hospitals and, above all, banks be like this, getting more effective and cheaper and just all-round nicer with every year that goes by? Well, we know why. The rules for making these latter things should be a lot like the rules for making Padfones: make a Padfone if you want to and sell it to whoever will pay you what you ask. If you go bust, that’s your problem. The rules for schools and hospitals and, above all, banks are instead sadly different.
There are several other recent postings up at Rob’s Blog, and I recommend all readers here to have a scroll down there, if they haven’t already done this recently.
When I first began to read that David Cameron could soon be toppled by all this News of the World stuff, I was amazed, just as I was amazed when I first heard about the News of the World itself being shut. I still don’t know how badly Cameron is threatened, but if he is threatened, he has only himself to blame.
Cameron got the job of leading the Conservatives because enough of them thought that he would make a satisfactory Blair the Second, to replace the original. The question was, remember, during the Blair years: How shall we spend all this money? The answer was: nicely. Blair is the answer to the question: What sort of chap do you want your daughter marrying? A nice one, that’s what sort.
But well before Cameron became (only just) the Prime Minister, the questions had all changed, from being about niceness to being about what the hell was happening and what the hell should be done about it. Yet Cameron exudes no sense of crisis. On the contrary, he makes a point of not doing so, of suggesting that all will be well provided we don’t panic and just carry on carrying on, when in reality the situation is very troubling and getting worse and worse by the day. It’s as if Stanley Baldwin was still the Prime Minister in 1939.
I have a friend whose take on Britain’s political party leaders has been an infallible guide to their success or failure, during the last two decades or so. Blair? Nice one. Major? No. Hague? Thumbs down. The next bald Conservative chap, ditto. The next Conservative bloke – Howard was it? – ditto again. Brown? A definite thumbs down. But Cameron? I remember particularly asking her about Cameron. What do you make of him?
Shrug. → Continue reading: Is Britain about to shrug off David Cameron?
I did a posting on Transport Blog the other day, about a trip taken by a friend of mine to the Hebrides, that involved a plane landing on a beach, on purpose. The beach in question being Barra Airport.
Michael Jennings, who knows everything, supplied some detail (I’ve cleaned up some of the comment-type blemishes) about the plane in question:
The Twin Otter is famous for being really really good at landing on beaches, gravel, and other difficult runways, as well as airports at high altitude. (I have flown on them in the Himalayas.) de Havilland Canada produced them from 1965 to 1988, and ceased production. A company named Viking Air (also Canadian) was given the contract to produce spare parts for the many airlines operating the aircraft. Eventually, airlines explained to Viking that as well as spare parts, they would like to be able to buy entire aircraft, and so Viking actually put the plane back into production in 2007, and quite a few new ones have since been ordered and built.
So here is a great product literally being brought back into existence, through customer demand. Shades of Classic Coke. Compare and contrast, as they say, temporary governmental contrivances which, despite popular revulsion, never then go away.
Step by step, the world is edging towards a revived Gold Standard …
– Ambrose Evans-Pritchard. My thanks to Detlev Schlichter for alerting me to this piece. Schlichter‘s forthcoming book would appear to have been timed to perfection. I am reading an advance pdf of it now. If you want a copy I recommend you advance-order it now, or you just might have a rather long wait.
I love David Thompson’s ephemera postings, which he does every Friday. Buried in among the fun and games are often things with a bit of a message, in favour of Thompsonism and against horribleness.
So, today, for instance, there is a link to three lists, of top migrant destinations, top emigration countries, and top “migration corridors”, migration corridors being country pairs, from and to. List one says how many people in each country were not born there, and the second list says how many people who were born there have now gone.
I have always believed that how people have been voting with their feet is one of the most potent judgements there can be at any particular moment in history, on the varying merits and demerits of different countries and different political and economic systems. The USSR bombarded the world with high decibel claims about the wonderfulness of itself and of its various national possessions, but could not explain why so many people wanted out, and so desperately, and so few in. How come the Berlin Wall only pointed in one particular direction? How come they were the ones who built it?
Contrariwise, the world’s anti-Thompsonists of an earlier time cursed the hideous exploitation of the emerging sweatshop (then) economies of South East Asia, but could not explain why people would swim through shark-infested waters, in order to be hideously exploited.
Such numbers also register how welcoming or unwelcoming different countries are towards being “flooded” with incomers. The USA, of course, is the country that positively defines itself as the country of migrants. That the USA, now as always, is by far the top migrant destination, leaving the rest in a clump far behind, says it all about the continuing vitality of the USA as the go-to superpower of the world, still, despite all the blunders its rulers are now making and which the USA itself is so good at drawing everyone’s attention to.
Russia and Saudi Arabia must also be doing something right, despite the stories you hear, and at least compared to the alternatives for those flooding in. Money plus labour shortages would be my guesses, in both cases.
The UK features in the top ten both for migration in and emigration out. That is a telling fact, is it not? India and Russia are also on both lists.
The biggest upheavals are surely the big numbers that pertain to countries with small populations. When you talk percentages, Australia looks to me positively USA-like in its eagerness to attract newcomers. That China, despite its colossal size and formidable recent economic vitality, is not on the top destination list is also quite telling, is it not?
These numbers are more than just ephemeral curiosities, I would say.
In this, which is about some guys from Loughborough who have decided to mark cities (scroll down a bit) like they are undergraduate essays (Alpha+, Beta+, Beta-, etc.), NickM waxes lyrical about Prague:
The coolest city is Prague. Prague is just mental. I’d happily move there tomorrow but for the language which is something else. Just super-cool. On the Charles Bridge there was a rodent balancer. Some bloke in a monk’s cowl was balancing rodents on a labrador for change. And then you just walk past where Kepler lived and customer service is spot-on and it was about a quid a pint for most excellent beer right in the city centre and the food was good quality and good value. Went to a steak house run by former firemen who donned the hats when they put the heat to the meat. Bloody good steak that was. And then down by the river and a load of blokes ride past me in Edwardian garb astride penny-farthings. Prague is just ineffably cool. Just wandering around is wonderful. Just doing that brought me by chance to the church where the killers of Reinhardt Heydrich had holed-up. That was poignant. And then there is the Museum of Communism. This is not a free museum. It makes a point of being a for profit enterprise. It advertised, when I was there, with a Russian doll with fangs. It gives it’s address as, “Above McDonalds and opposite Benetton.”. It didn’t need to add, “And fuck off Lenin”. A joy to behold.
Here endeth the broadcast from the Czech tourism bureau.
But he adds a warning:
But catch it while you can and before EU membership fucks it.
Well, EU membership doesn’t seem to have fucked London yet, despite decades of the EU trying everything they can think of to accomplish that. London, according to the Loughborough guys, is equal top (Apha++) with New York. NickM goes further. He reckons New York is overrated and has London top on its own, as the greatest city in the world “bar none”. He doesn’t say why, however.
Personally, I love London, because I live here and I just do. But I do not know where I think it ranks in the great city stakes because I seldom leave it, and hence can’t compare it with other urban greatness contenders.
I have been to Prague, which I thought was pretty good. The middle is amazing, wall-to-wall listed buildings, as we would say in London. As I assume is the case in Prague too, i.e. you may not smash it down and replace it with a concrete blockhouse, just because you “own” it. Which I understand. But the uninterruptedly historic nature of the centre means that nothing new can now be built. In other words, the centre of Prague feels like a film set, and will feel more and more like one as time passes. See also: Paris.
I like this, towards the end of a long comment from Michael Strong, on this piece by Clay Shirky:
Democracy is a fabulous way to prevent the most horrible errors such as the massive famines, death camps, and large-scale wars of aggression that are characteristic of totalitarian regimes, but one should no more imagine that democracy is a finely-tuned instrument for determining the public good than that a hack saw is suitable for brain surgery.
“Deliberative” democracy, i.e. the sort less like a hack saw, doesn’t work beyond about 10,000 people, he says.
See also Amartya Sen, who also admires what the hack saw can do.
Being an American with a knowledge of history, Strong does not claim that democracy prevents civil war. But I would say that democracy does make civil war far less likely, provided certain other conditions are also met, like a relatively static political entity and not too much tribal voting (i.e. a willingness of at least some voters to vote this way or that way, depending).
In many ways (but not the most important ways), democracy is civil war. Which is precisely why it works as well as it does as a substitute for civil war. Whoever wins the democracy civil war would probably also have won the real thing, using not unrelated methods – bribes, threats, propaganda barrages, opinion polls, friendliness towards turnable enemies, treachery towards dependable friends, and so on and so forth. That being so, the losers take their defeat. Instead of contesting the result of the election by force (i.e. starting a real civil war) they wait for the next round.
Which, by the way, means that the reasonable certainty that there will be a next round is crucial to democracy’s effectiveness. It is often said of Hitler that he was impeccably democratic. He was indeed democratically elected, but promptly cancelled all subsequent elections. At best, democratically speaking, he scores one out of two. Other political strong-arm men, who got power by old fashioned civil warlike methods, but who then left a democratic legacy, that is, they contrived (or at least permitted) the circumstances which would allow elections in the future, get denounced as “totally undemocratic”, when they also score one out of two. And which election matters more, the last one, or the simple fact of the next one, when it comes to how safe and sound life would be right now?
None of which means that I love democracy, merely that I prefer it to civil war, famine, concentration camps etc.. Cue clichés about democracy being the worst system, except … More to the point, here’s what looks like another quite good link to the sort of notions I and Michael Strong agree with.
One of the many reasons why I would like to live for more like the next two centuries, rather than the mere two decades which is my likely best shot, is that I would love to see what happens to democracy in the next little clutch of decades. Currently, it is just growing and growing in strength, for all of the above reasons. I’m not the only one who wants a quiet life, and will settle for a disappointing one if that’s the price to be paid. But, will democracy last? Will it, for instance, attach itself to the emerging government of the world which I believe we are now witnessing in our time? If it does, will it then do anything to prevent global civil wars? If democracy fades, what might replace it?
When I say “democracy” please understand that by that I mean big noisy elections deranging regular television for weeks at a time, political parties, legislative assemblies of self-important bores, lying, cheating, thieving, grandstanding, moral self-aggrandisement and relentless disappointment for almost all concerned, bar only a tiny few particularly rapacious and particularly lucky winners. I do not mean that fatuous construct of political malcontents known as “real democracy”, as in: everything the malcontent wants from democratically elected politicians, however far fetched, such as financial security for all (especially him), equality for all (ditto), openness of decision-making (by others rather than in the unlikely event that he is deciding anything of importance), environmental perfection, and immediate answers to his mad letters or emails to politicians, telling him that his mad arguments, no matter how numerous or how many CAPITAL LETTERS they may contain, have all triumphed.
Speaking of political malcontents, what I want is free markets in everything, a cheap internet connection, a cheap digital camera with a twiddly screen which takes perfect pictures with just the one (mega-mega-zoom when I want it) lens, and to stay comfortably alive for at least the next two centuries (see above). But, I never refer to these desires as “real democracy”.
Steve Baker, the MP whom we here actually rather like, has a piece in the latest Jewish Chronicle, which makes what seems to me like a very important point. I have this point alluded to vaguely, but never spelled out. It is that the outrageous behaviour of the merchant banking fraternity in recent years is as much a product of bad bank regulations as it is of mere capitalistic greed.
It being the Jewish Chronicle he’s contributing to, Baker alludes to some scales that are criticised at the beginning of the Book of Proverbs, Chapter 11 (which American readers may consider rather appropriate, what with the times we (and they) are now living in).
The particular rules that Baker zeroes in on are the accounting rules that define profit:
Among other problems, IFRS accounting rules incentivise trading in derivatives by enabling unrealised, perhaps fake, profits to be booked up-front, leading to large but unjustified bonuses and dividends. They grossly inflate profits and capital and discourage banks from making prudent provision for expected loan losses. They also discard the time-honoured principle of prudence embodied in UK company law. In doing so, IFRS gravely weakens the audit function and the vital check it imposes on bank management. This undermines effective corporate governance in banking. The upshot is that IFRS makes bank accounts highly unreliable; no-one has a true view of our banks’ financial strength. All this contributed greatly to the financial collapse. IFRS made banks appear more profitable than they were. This led them to imprudent expansion, to payments of bonuses they could ill afford to make and to inadequate provisioning for likely losses.
I am not qualified to second guess Baker on this. But I do know, as a general principle, that when one observes something going wrong with the world, one should not immediately assume that yet more laws and regulations are needed to curb whatever it may be. Rather, one should ask what laws or regulations – laws or regulations already in place – are causing or at the very least greatly exacerbating the problem in question, and should accordingly be got rid of.
I did some coke, and slept with a whore. But that’s what a superinjunction is for!
– Robbie Williams, at last week’s Take That show at Wembley, mocks the legalised suppression of free speech. Quoted by Fraser Nelson in his obituary for the News of the World, in the News of the World.
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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.
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