There is no idea so stupid you can’t find a professor who believes it.
– H. L. Mencken
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Based on the reaction from defenders of the new gender orthodoxy, you would have thought Bailey were a Cossack leader announcing a pogrom. “This is frightening and nasty. There is no LGB without the T,” tweeted Owen Jones, who is perhaps Britain’s best-known gay journalist. (This is not new behaviour for Jones, who often starts pile-ons against anyone he regards as transphobic—especially women.) Anthony Watson, an advisor to the opposition Labour Party, said he was “horrified and disgusted,” and described the Alliance as a “#hategroup.” Linda Riley, the editor of Diva, a lesbian magazine that proclaims itself “trans-inclusive,” adapted Martin Niemöller’s famous 1946 confession, First They Came, Tweeting, “First they came for the T…”—thereby suggesting that refusing to prioritize the artifice of gender ideology over inborn sexual orientation is the first step toward some kind of real or metaphorical Holocaust. Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (l926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud. – Benito Mussolini (as quoted in “Universal Aspects of Fascism” by James Strachey Barnes, Williams and Norgate, London: UK, (pp. 113-114), 1928) Emotion-based appeals not only allow politicians to avoid the far more difficult business of rationally and politically justifying themselves and their policies to the electorate — they also help to disguise the character of measures that would be a very hard sell indeed if they were made explicit. The UK government’s declared target of net-zero carbon emissions by 2050, for example, apparently feels so good that others have sought to heighten the sensation by declaring a 2030 or 2025 target. The harsh realities of immiseration, upheaval and austerity that meeting such a target would entail, however, are unlikely to be spelled out openly in any election manifestos. – Philip Hammond (no, not that one, a different one) By the end of my teaching career, ahistorical undergraduate students were becoming disturbingly common. They did not know the hellish poverty the vast majority of humanity had endured for millennia. They didn’t believe the past could have been as brutal as writers such as Matt Ridley described in his book The Rational Optimist. Even worse, exposed to hard evidence, some students refuse to question their positions. Camille Paglia explains that because “Everything is so easy now, [undergrads] have a sense that this is the way life has always been.” Paglia continues, “Because they’ve never been exposed to history, they have no idea that these are recent attainments that come from a very specific economic system.” Capitalism, she continues, has “produced this cornucopia around us. But the young seem to believe in having the government run everything.” If anyone can suddenly get a loan with a negative interest rate, then it is to be expected that the credit demand will get out of hand. To prevent this from happening, the ECB will have to resort to credit rationing: It determines in advance how many new loans it wishes to hand out, and then allocates this amount of credit. The credit market no longer decides who gets what and when and on what terms and conditions; those decisions are made by the ECB. According to which criteria should loans be allocated? Should anyone who asks for credit get something? Should employment-intensive economic sectors be favored? Should the new loans only go to ‘the industries of the future’? Should weakening industries be supported with additional credit? Or should Southern Europe get more than Northern Europe? These questions already indicate that the planned economy is established through a policy of negative interest rates. More than ever it will be the ECB that reigns over credit: It will effectively determine what will be financed and produced and where and when; it will determine who will be in a position to buy and consume on credit. As a central planning authority, the ECB — or the groups that greatly influence its decisions — determines everything: which industries will be promoted or suppressed; which economies are allowed to grow stronger than others; which national commercial banks are allowed to survive and which are not. Welcome to the planned economy in the Eurozone! (The IEA) have declined the Guardian’s invitation to delete books, reject their polemical assertions, and are publishing this piece in response. We regard their inquiry and improper suggestion as both an attempt to mislead their readers, and as strong evidence of a growing and dangerous trend in public discourse on climate change to stifle debate, delegitimise dissent, and wilfully confuse matters of science with matters of policy, by denying uncertainty and trade-offs. The argument being that post-WWII we put in place those global economic regulators. Bretton Woods, the IMF, the World Bank and so on. Now we should do so again. Simply because it’s obvious that there should be global economic regulation from the centre. Obviously. Except that’s to miss the point of the past 40 years. We did indeed have those global institutions. And the poor countries didn’t grow. Then we started – this global neoliberalism – to use market processes and the poor countries did grow. We are enjoying that delight of falling global inequality as a result. The progressive eradication of absolute poverty. We actually have, in place right now, the correct economic policies that is. But, obviously, because it is just obvious that there must be a Fat Controller, we must reinstitute the failed policies we’ve proven wrong just because. Thus this current call. Climate change is only the excuse here. The ASI has renewed its call for British passport holders in Hong Kong to be given the full rights of British citizens, including the right to settle here. If this were to be done, the People’s Republic would denounce it as post-colonialist interference, but it might well make them tread more carefully. That doesn’t actually address the problem, does it? Humans are status seekers – as with most mammals to be honest. So, if we’re not going to use the production of value for others as our status to seek then how much better or worse off are we all going to be with some other metric? |
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