
A salute of many popping champaign bottles to our confreres with the Movimiento Libertario Costa Rica on winning at least five (and possibly seven) of the 57 seats in the Congress of Costa Rica. Bravo!
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Recent events in Argentina have helped drag quite a few things out into the light that would rather have remained skulking in the shadows. One of the things that is now clear is that the idea a debtor nation can be ‘too big to be allowed to fail’ is revealed to be a myth. When Ecuador defaulted on $6 billion worth of bonds in 1999, people just shrugged it off as ‘only Ecuador’. Yet now we see Argentina going the same way to the tune of $132 billion. Another thing has become clear about the IMF. Anne Krueger, the IMF’s deputy managing director, has let it be known that the fund is very keen to get out of the ‘sovereign bailout business’. To this end the IMF has some fantastical plans for ‘harmonising’ international bankruptcy laws which will of course come to nothing. Yet the source of the impetus for restructuring the IMF’s relations with debtor nations is quite revealing and not one you might think. Much of these ‘new’ ideas being floated come in almost whole cloth from Jubilee Plus, a leading anti-globalization pressure group whose very name you would think would be anathema within the hallowed halls of an ostensibly pro-capitalist organisation like the IMF purports to be. In fact what is clear is that Jubilee Plus and the IMF are just different sides of the same pro-stasis coin, profoundly hostile to dynamic free trade networks and in favour of state centred status rather than value based economics. It says much about the inevitable evolution of the IMF from a supposed facilitator of the global capitalist economic order to being little more than the financial arm of a network of pro-stasis organisations underpinning almost every kleptocratic state on the planet. For as long as the IMF is not just happy to prop up heavily regulated force based value destroying economies of the sort favoured by Jubilee and its ilk, there is little motivation for financial institutions to tailor their lending to the economic realities of a nation’s governance. Yet there is always the fond hope that while the IMF ponders its restructuring, a few really large international lenders will feel some serious pain. What is really needed is for a few nice large international names to go belly up as there are few things that get the financial world’s attention better than that. I am thinking of people like Citigroup, FleetBoston, Banco Bilbao Vizcaya and Santander Central Hispano, who are all massively exposed to the mess in Argentina… sadly this is probably not going to happen but if it did, what we would have is a clear causal link established between a willingness to lend to kleptocratic governments and disaster. This in turn would impose a real cost in terms of an inability to borrow on governments which pursue anti-economic statist/stasist policies. Just as companies with bad ideas must be allowed to go broke, so must governments. Sovereign default can be very invigorating to the cause of liberty and advocates of true non-crony capitalism should oppose any institutions which seek to ameliorate the link between government actions and the consequences of those policies. And if those governments, such as in Argentina, are democratic then all the more reason for allowing the voters of that country to reap the bitter consequences of their theft-by-proxy mandates. Let the financial tumbrils roll and lets see whose heads get cut off without the Scarlet Pimpernel of the IMF to come to the rescue. The Oracle of Delphi was the flip side of the ancient Greek culture that brought us the underpinning genius of modern western thought. The Oracle was the voice of superstition and irrationality. As a result I have always thought it appropriate that the name of the company founded by supporter of the Panopticon surveillance state Larry Ellison was ‘Oracle’. Over on Matt Welch‘s blog, he reports the inane comments of my pet hate Ellison who, it turns out, is a great fan of Napoleon. Hold on to your tricorn hat for a trip into the history à la Larry:
Quite right Larry. He constantly limited other tyrants as he insisted on being the only tyrant allowed. Military dictators generally don’t like political competition.
Indeed he did. He used the French Army to impose his own will on most of Europe. I wonder if Larry thinks when this was tried again in 1939, it was necessarily a bad thing?
I see. So EMPEROR Napoleon, self-crowned military dictator of the French EMPIRE, conquered much of Europe and caused several million deaths during the Napoleonic Wars because he wanted to bring democracy to everyone? Including democratic Britain (that’s ‘England’ to you Larry)?
For a man who never considered himself a soldier that was quite some military career. Particularly the bits where he went to military school, joined the French army, gave some folks a ‘whiff of grapeshot’, hijacked the French Revolution and then led the French army on a war of aggression against most of Europe. My guess is that Larry Ellison has probably never considered himself a poorly educated jackass either. Other than the fact unlike Mussolini, Napoleon was indeed a great general and he had a more extravagant tailor, there is actually little to differentiate him from any number of brutal collectivist military despots. Today he would have been called a fascist. Of course as many of the political causes Larry Ellison backs are indeed aimed at turning nations into police surveillance states I am hardly surprised he admires Napoleon-the-lawbringer, albeit from the perspective of a historical ignoramus. I can certainly understand admiring Napoleon-the-General, but to praise him for authoring the world’s first truly global war in order to impose his will, his Code Napoleon on everyone at bayonet point? It is rather like admiring Heinz Guderian not because he was a brilliant general but because he was a Nazi. Steven Den Beste has replied to my remarks about World War Two aircraft. Tally ho!
It has nothing to do with my ‘British sensibilities’ but I do know a thing or two about aerocraft of the era.
I will try not to get too irked that Steven seems to imply that my presumed nationality somehow skews my historical judgement. He also should have read my article more carefully. I said I was talking about mid-to-late war piston engined fighters (the P-51 was not around in the early war period), and what Steven is describing is a 1940 Battle of Britain era Spitfire I. By 1941 all (non-PR) Spitfires, from the Spit V onwards, were armed with two 20mm cannon as well as (usually) four .303 machine guns. It is the lack of cannon armament in the P-51 to which I was referring. More importantly all the Luftwaffe fighters which the USAAF were facing were cannon armed aerocraft. Of course it was not a decisive flaw because the six 50 cal HMGs favoured by the USAAF were good enough.
Quite incorrect. Stephen seem to be again comparing the 1940 Spitfire I with the 1943+ Mustangs, rather than the Spits that were flying at the same time as the various marks of Mustang (such as the Spit IX or the formidable Spit XIV or Spit XIX). In fact, there was never really anything to choose between the two fighters in terms of speed because as the newer versions of Mustang came out, so did the newer versions of Spitfire. There were many versions of the P-51 and even more of the Spitfire and the Spits in particular had many sub-variants optimised for certain altitudes making the comparisions even harder. In fact the late war Griffon engined Spitfires were generally both faster, better armed and more heavily armoured than the directly contemporary Mustang versions. But this also goes to show the fallacy of comparing them at all: the Mustang was fighting most of its battles at very high altitude over Germany, for which it was optimised and handled beautifully, whilst the Spitfires were fighting at low to medium altitude over the battlefront or defensively over Britain, neither of which required long range. Certainly Spitfire LF variants would be able to outfly a Mustang of equal era at low altitude by a significant margin, but that is not really what Mustangs were for, even if they were occasionally used that way, so is it even a useful comparison?
The fact is RAF nightfighters did indeed operate against Luftwaffe nightfighters. For much of the war, hunting German nightfighters was the primary RAF nightfighter mission, both as escorts to the RAF night bomber streams and as night counter-air intruders over German airfields. If you want to know more about that I strongly recommend History of the German Night Fighter Force by Gebhard Aders. It is written from the German point of view and is a superb book, pretty much the definitive work on the subject of the night air war in WW2. Also to compare a Mosquito (of any mark) with an Bf.110 is like comparing a Ferrari with a Pinto. Mosquitos did indeed operate against single engined day fighters in a way that would have been suicide for a Bf.110. There are a host of books on the history of the Mosquito, but I would recommend Mosquito by C. Martin Sharp & Michael J. F. Bowyer, if you want to see a very broad range of information and statistics of all versions. By day, what it could not outfight it could outrun (until the jets arrived of course). Mosquito day fighter-bombers (mostly the FBVI version) regularly clashed with high performance single seat fighters like the formidable Fw. 190 and were quite capable of holding their own. For some excellent accounts of Mosquito tactical day and night operations, I recommend 2 Group RAF: a compete history. 1936-1945 by Michael J. F. Bowyer, which I have just finished re-reading.
Maybe, maybe not. There are many historians who disagree with that widely held view and contend it was production problems, not the so called ‘bomber directive’ that was actually the reason so few Me-262’s ever became operational.
Update: As a couple people have asked me to recommend some sources regarding my remarks about the Mosquito, I have edited the article to include two in the text above. Steven Den Beste treads where 100,000 aeropundits have gone before
Best fighter is truly meaningless unless it is stated what specific role it was best for. The P-51 Mustang was without doubt the most effective long range piston engined daylight escort fighter of World War II. Of the mid-to-late war piston engined fighters, it was not the best defensive fighter (Fw.190-D or Spitfire 19) or nightfighter (He.219 or Mosquito, various) or day/night intruder (perhaps Mosquito FBVI) or multi-role fighter (no clear winner). Comparing fighters with different roles is pointless and thus there was no single ‘best fighter’, just ‘best fighter in some role’. The P-51 had good all round performance, very good cockpit visibility and most importantly had the range to carry out the strategic escort mission that other even higher performance piston engined fighters did not have. But as all combat aerocraft do, it also had its weak points and like all USAAF fighters of the time was certainly under-armed by 1943-1945 standards and had GC issues at some weights. How about “The P-51 Mustang was the most important USAAF daylight fighter of the European Theatre in mid-to-late World War II period”. A much safer contention. An article in the Sierra Times describes a Canada sharply at variance with what I had thought existed.
Well that certainly is one hell of a majority! But call me cynical if you like: talk is cheap… except for political talk, which is usually very expensive indeed. But then when I read what the BC Liberals have actually started doing, I almost fell off my chair! Way to go! Read the Scott Carpenter article and be amazed yourself. Methinks I shall be visiting the Sierra Times and the various Canadian blog sites more often to see what is in the air over there. ![]() I have always felt second to none in my detestation of former NY mayor Ed Koch, who was for me the unalloyed stereotype of pragmatic municipal amorality. And yet, I found the following Ed Koch quote on the sublimely named Communist Vampires Newswire regarding the WTC twin towers:
Absolutely true. Even better would be to build the largest building(s) in the world. To keep the site as some maudlin garden of remembrance would be a colossal mistake. We must indeed remember the fallen but let us also remember that they fell engaged in World Trade and in doing so made the world a better place more than any ten NGO’s you might care to mention. Pakistan has a very large expatriate community scattered across the world, particularly in the UK and the USA. The peoples of the sub-continent also have a deeply engrained and entirely laudable distrust of governments poking around in their affairs, which is why the hawala system of moving money around globally is so popular with people from that part of the world. In recent weeks there has been a huge inflow of capital from the Pakistani diaspora back to Pakistan due to the scrutiny of US investigators looking ostensibly for Al Qaeda funds. Of course there is widespread and quite justified belief amongst Pakistani businessmen that where the anti-terrorist investigators tread, the IRS will not be far behind looking to see what they can confiscate. Sub-continent businessmen have been on the receiving end of shakedowns like that from potentates, princes and nations for centuries and have well honed cultural reflexes in such matters. The simple solution: move your money where the US authorities cannot see it, by bank transfer if possible or via the invisible hawala system if not. Networked distributed capitalist systems like this are extraordinarily resilient and are fueled by deep seated and entirely admirable non-deference to state authority. Just as the justified fight against Al Qaeda is also being used to fulfil an unjustified a wish list of civil liberties abridgements, so too are the statist enemies of free trade on both left and right using it to move against the sort of small scale (though large in aggregate) trans-border capitalism at which people from the Indian sub-continent so excel. It is for reasons of control that Big Capitalism and The State get on so well: bureaucrats can meet with a few hundred CEOs of vast companies and reach understandings to their ‘mutual benefit’ (though not to anyone else’s). Hundreds of thousands of small scale truly capitalist ventures with trans-border cash flows however are impossible to even monitor, let alone control: which is of course why they are such a good thing. |
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