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This sounds horribly familiar:
Obama has never run anything other than his presidential campaign. He doesn’t know the difference between governing and campaigning and he’s sticking with what he knows.
Which sounds exactly like Britain’s Labour government from 1997 until now. The difference being that in 1997 the British economy was in fairly good shape, which meant that the then British government had a decade during which to learn how to govern. It never did, but it might have. Now the world economy is in a terrible state, and Obama has no time at all.
Does the USA as a whole already have a bad feeling about Obama? Or is it just the people in the USA who detest him already, telling each other that they have a bad feeling about him? From over here, it’s a bit hard to tell.
There is no stated national consensus that as a country we should substantially reduce overall masturbation, but such a reduction would benefit the health of many who wank – and those affected by passive wanking- the concept I invented a few sentences ago and am now treating as a genuine problem.
In 2006, 180,000 people died from pornographic-related causes. Wanking has a major impact on individual wanker’s health: it causes cancers of the liver, bowel, breast, throat, mouth, larynx and oesophagus; it causes blindness, hairy palms, a pale pallor and insanity …
Some point to the potential benefits of self-pleasuring, but these tend to be greatly overstated.
Despite its known harms, one-quarter of the adult population – about 10 million people – now wank above the recommended low-risk levels. I made this figure up but as the Chief Medical Officer I can cite myself because I am in a position of authority.
Here is a graph to illustrate how many people are killed by masturbation. It actually represents something completely different, possibly cat food sales, but I’m guessing that most of you are actually too stupid to actually look at the graph in any detail …
– some Unenlightened Commentary sadly not actually supplied by Sir Liam Donaldson (with thanks to Obnoxio the Clown)
There are so many things to do these days, especially in a place like London, that often you make up your mind about what to do of an evening at the very last moment. So, maybe you have the coming Tuesday evening, tomorrow, March 17th, still free. If you do, I strongly recommend the Libertarian Alliance’s 2nd Annual Chris R. Tame Memorial Lecture, which this year will be given by Professor Kevin Dowd.
Getting on for a hundred people have already signed up to attend this event, in other words quite a few more than showed up for last year’s inaugural Chris Tame lecture given by David Myddleton. But there is room for more still. Attendance is free of charge. All the organisers ask is, if you want to be there, email them beforehand. Follow the link at the top of this for all the details of the event, and for the email to confirm attendance.
What excites me about this lecture is that Dowd is both an unswerving libertarian, and an expert on banking, on the history of banking and on the baleful effects over the decades of state monopoly fiat money and of banking regulation. This is a man who not only believes in the idea of a free market in currencies and in banking, but someone who can actually explain in detail why that would be a better arrangement than anything else now being proposed. He also has firm and positive views about what should immediately be done, right now, to alleviate the crisis. And because he is a Professor, he has some leverage for getting his ideas reported in the mainstream media.
Having been looking forward to this event for several months, I now realise that I have, infuriatingly, a teaching commitment set in concrete for that very same evening. But the good news for me, and for anyone else who won’t be able to attend the lecture in person, is that it will be videoed, and video internetted just as soon as that can be contrived. You may depend upon me to have further things to say about this potentially very important lecture just as soon as that video is available and linkable to.
Can we win the ideological war that now swirls about the current financial catastrophes? Personally I remain optimistic about this possibility, but whether we can actually win or not, we should surely try to win. And those of us who conveniently can should surely support those people, like Kevin Dowd, who are making the biggest efforts to this end. Most of Samizdata’s readers do not live in London and can’t be at this lecture in person, although lots are Londoners and could. But, Londoners or not, I very much hope that a healthy proportion of us will at least give the video our closest attention. Meanwhile, I am sure that almost all of you will join with me in wishing Professor Dowd all the best for tomorrow evening.
It’s like a parallel universe out there. Politicians, newspaper journalists and television presenters are running around like headless chickens with no clue as to how to deal with the economic crisis. But the truth is out there.
Things are quite different from the recession of the 1970’s, which coincided with my discovery of libertarianism and Austrian School economics. Back then one had to be extraordinarily lucky to come across the likes of Mises, Hayek and Rothbard. Now correct explanations of why the crisis arose are just a few clicks away.
– David Farrer
General Edmond Rasolomahandry . . . President Marc Ravalomanana . . . opposition leader Andry Rajoelina . . . Colonel Noel Ndriarijoana: newsreaders everywhere are praying for a swift resolution to the crisis.
– Mick Hartley notes the possibility of civil war in Madagascar
Fraser Nelson:
Some of the worst events in history take place because no one is really in charge. That RBS could blunder their way into this is almost as scary as the idea that they did it deliberately. I accept it was a blunder: God knows, RBS has made enough of them already. But the banking industry should urgently review and clarify the way it handles the issue of “politically exposed persons.” No one in this country should ever again be asked about party political affiliation by their bank.
Fine prose, I think you will agree. At first I had in mind to make that first sentence there into today’s SQOTD. But think about it. To Nelson, it is obvious that nobody should “ever again be asked about party political affiliation by their bank”. Excuse me? If I am wondering whether or not to lend you money, I will ask you any questions I feel like asking, and if I don’t like the answers, then it will be no deal. If you don’t like me asking such questions, you are free to look elsewhere for the funds you want to borrow, even if I say yes. If you don’t like a bank you lend money to asking such questions, then don’t lend it to them. I am talking about the right to discriminate, both by lenders and by borrowers. Discrimination is, or should be, at the heart of banking. The attempt to drive discrimination out of banking has been at the heart of our recent banking woes.
That Fraser Nelson, a man most definitely on our side in the broad loves-capitalist-success hates-socialist-slums way that we regularly here celebrate, should write something like that, with no apparent sense of self-contradiction, tells you just how debased – how nationalised – the state of banking already is now in Britain, and has been for some while. It’s not that Nelson favours state micro-management of banks in the deliberate manner which I do agree is suggested by my heading. It’s worse than that. He just takes it for granted. His only question is: how should it be done?
Because you see, what makes this question about whether you are a “politically exposed person” scary and Soviet, which is Nelson’s point, is that the banks already are nationalised, in the sense of their databases being, you know, like that (hands brought together into a combined, intertwined, two-handed prayer fist) with government databases.
If banks operated in a true free market, banks asking about politics, or for that matter being suspected of having (and in fact having) political preferences which they make a point of not asking about, would just be stuff discussed in Which Bank? magazine. And the readers of such magazines would have plenty of banks to choose between, just as they now have plenty of magazines to choose between.
But the internet is a city and, like any great city, it has monumental libraries and theatres and museums and places in which you can learn and pick up information and there are facilities for you that are astounding – specialised museums, not just general ones.
But there are also slums and there are red light districts and there are really sleazy areas where you wouldn’t want your children wandering alone …
And I think people must understand that about the internet – it is a new city, it’s a virtual city and there will be parts of it of course that they dislike, but you don’t pull down London because it’s got a red light district.
That’s Stephen Fry talking, which I spotted here. This got posted at almost exactly the same time as the one below. Never mind. Both are worth having. And I am sure that Jon Coupal would agree that those wanting to castrate the internet make copious use of children to do it, just as others use children to boost their budgets.
Remember that email I got from Tim Evans flagging up this? Well someone called James Tyler responded to it, also sending his reply to all of us on Tim’s list, with a link to this, which I likewise recommend. It’s a piece in Portfolio.com called “The End of Wall Street”, by the guy who wrote Liar’s Poker. I’m still reading the piece, but this is my favourite bit so far, about the observations of a man called Eisner:
More generally, the subprime market tapped a tranche of the American public that did not typically have anything to do with Wall Street. Lenders were making loans to people who, based on their credit ratings, were less creditworthy than 71 percent of the population. Eisman knew some of these people. One day, his housekeeper, a South American woman, told him that she was planning to buy a townhouse in Queens. “The price was absurd, and they were giving her a low-down-payment option-ARM,” says Eisman, who talked her into taking out a conventional fixed-rate mortgage. Next, the baby nurse he’d hired back in 1997 to take care of his newborn twin daughters phoned him. “She was this lovely woman from Jamaica,” he says. “One day she calls me and says she and her sister own five townhouses in Queens. I said, ‘How did that happen?'” It happened because after they bought the first one and its value rose, the lenders came and suggested they refinance and take out $250,000, which they used to buy another one. Then the price of that one rose too, and they repeated the experiment. “By the time they were done,” Eisman says, “they owned five of them, the market was falling, and they couldn’t make any of the payments.”
Paragraphs like that make me optimistic that statists just will not be able to pass the catastrophe off as a mere failure of unregulated capitalism. Yes the whole Sub-Prime thing was aided and abetted by Wall Street, big time. But it was set in motion by Washington politicians, and in particular politicians of the Democrat persuasion. This was, as we cannot repeat too often, a failure of the mixed economy, not of the extreme free market of the sort we here favour.
The folly of the Republicans, which has already been electorally punished, deservedly, was that most of them didn’t see it all coming and panicked when it did, and those that did smell the coffee were unable to do anything to soften the blows when the coffee exploded, or whatever. My guess is that there will soon be a cull of Washington Democrats as soon as the voters next get a culling opportunity – two years from now, right? And the big question is, what will the new intake’s take be on it all? But, as I often say on my personal blog when discussing gadgetry of various kinds beyond my understanding, what do I know?
UPDATE: Although, I’ve now finished reading the piece, and it is clear that its author derives no such anti-statist moral from his wretched story. Wall Street is the villain, and Wall Street is being justly, although very insufficiently, punished. Not a word about Democrats, or for that matter Republicans.
Regular commenter here Nick M takes a wack at Vernon Bogdanor:
Progress occurs when free people do things. It just happens Boggy. It is retarded when retards like you try and gerrymander it. In 1900 the fastest growing economy on the planet was Russia’s. Look at the plight of the place now? There is nothing “progressive” about being progressive.
I was going to put that up as a Samizdata quote of the day, but I reckon the feline enumerator has his sneer quotes around the wrong “progressive” there. Still, good stuff, albeit sweary.
Talking of which, I do wonder about this swear-blogging thing. The bad news is that respectable bloggers who might give particular (swear-)blog postings of merit lots of new readers are put off by the swearing from linking to such postings. (Telegraph Blogger Alex Singleton recently told me exactly this.) On the other hand, a lot of people are very angry just now, not just, you know, in a state of respectful disagreement with the powers that, for the time being, be. Such angry persons deserve voices around which to rally, voices which communicate their feelings rather than just their thoughts.
Swear-blogging may also mean that, by assembling all the angry ones in a cursing, seething internet mob, in a way that completely alienates our present version of Polite Society, the angry ones will achieve a far greater degree of tactical surprise come the storming of the Winter Palace, or whatever will be the equivalent event or events during the next few years. Polite Society just won’t see it coming, because it simply cannot now bear to look. It will consequently swing in far greater numbers from lamp-posts (or again, whatever will turn out to be the modern equivalent) than would otherwise have happened. Which just might be a rather fucking good thing.
This (which I just had trouble getting back to – it was linked to from here today, top left) is very strange:
The religion-as-an-adaptation theory doesn’t wash with everybody, however. As anthropologist Scott Atran of the University of Michigan in Ann Arbor points out, the benefits of holding such unfounded beliefs are questionable, in terms of evolutionary fitness. “I don’t think the idea makes much sense, given the kinds of things you find in religion,” he says. A belief in life after death, for example, is hardly compatible with surviving in the here-and-now and propagating your genes. Moreover, if there are adaptive advantages of religion, they do not explain its origin, but simply how it spread.
Very strange because it seems to me that with about five seconds thought one can easily arrive at an evolutionary advantage associated with a belief in eternal life, and accordingly an evolutionary explanation of it.
Tribes of ancient humans often battled each other to death – literally to death, the losers being completely wiped out – and in these battles, a willingness to die might be the difference between victory and defeat, between your gene pool spreading, and your gene pool being wiped out.
Tons of stuff has been written about the prisoner’s dilemma associated with infantry battles. If you all stand together and fight, your side has its best chance of winning. Anyone breaking and running exposes all others to annihilation. Etcetera. Military cultures ancient and modern were and are suffused with ideas of honour and courage and self-sacrifice, all of which resulted and result in everyone in your army standing firm and holding the line.
In such a world, a belief in some kind of Valhalla of dead heroes is pretty much a certainty. Even now, effective military units do everything they can to ensure that their heroic dead-in-battle are treated with tremendous solemnity and never forgotten, giving them eternal life of a limited kind, and pour encourager les autres. Such notions have even greater force if eternal life is literally what everyone in the front line of battle believes in. I am amazed, absolutely amazed, that any academic could be unaware of such notions, or if aware, then unpersuaded.
It’s as if this guy Scott Atran has never seen a war memorial, and never even read The Selfish Gene, which is all about how our selfish genes cause us, in certain circumstances, to become raging altruists, sacrificing ourselves for the greater good of society.
You do not have to have to have any particular view of the truth of religion in order to see the force of this explanation. As an atheist, I am obviously on the look out for evolutionary explanations of the phenomenon of religious belief, given that I don’t think such beliefs are correct – so why do people persist in believing them or in their absence, invent them? But religious people often use such genetically-enhanced-altruism notions to argue for religion, on consequentialist grounds. In a similar spirit they also argue, perhaps rightly, that religious people are more inclined to have children, and hence to outbreed us atheists, childbirth being, for a woman, not unlike taking part in a battle, especially in earlier centuries. Religion makes your society stronger, because it make you more willing to sacrifice yourself for the collective!
Notice that if you didn’t care at all about the collective in the first place, the argument in the previous sentence would have no force for you.
It’s somewhat off topic, but this is one of the many reasons why I am, although an admirer of her in many ways, not a devotee of Ayn Rand. Her stated plan of saving the world by abolishing altruism flies in the face of the known facts of human nature. The trick is to do altruism well, not to try to abolish it. Which is easier said than done, as our current economic troubles illustrate well, and which is actually, I would argue, what most of Ayn Rand’s stories and heroic characters were really all about, despite what she and they insisted on telling us.
Following on directly from some of the things Johnathan says immediately below this, here is visual proof that surveillance cameras are not quite the innocent gadgets that some tell us:
The bloke who sent this in to Idiot Toys found it “somewhere on Amazon”, so we may never know where this scary camera is, who it is snooping on, and what its future plans might be.
Caption anyone?
The email I got today about it from Tim Evans of the Libertarian Alliance started “Dear All”, so I don’t know how many other bloggers have already noticed and linked to this. But like Tim, I strongly recommend it, having watched it earlier today. It’s an American banker (who is also a follower of Ayn Rand) talking about the financial crisis, why it happened and what to do about it. The circumstances he describes so confidently, convincingly and knowledgeably are American, but the message of the talk is universal. He uses the word “interesting” a lot, by which he mostly means “disastrous”.
Apologies for not having any time left over from watching it to add any thoughts of my own. But the thing itself is so good that I am sure I will be forgiven for simply recommending this remarkable talk. I daresay some may even prefer this.
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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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