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 Greek tragedy: not a bug, but a feature?

London mayor and newspaper pundit Boris Johnson has a good article in his usual Daily Telegraph redoubt and it is getting a lot of attention, as it should:

“The Greek debt crisis is deepening, in other words; and there are only two options. We could continue down the road we are on, in which the euro shambles becomes an invisible and surreptitious engine for the creation of an economic government of Europe. Indeed, there is a sense in which the slow-motion disaster of the PIGS – Portugal, Ireland, Greece, Spain – has been terrific for the federalist cause. Bit by bit we seem to be creating a fiscal as well as a monetary union, in which huge sums – including about £20 billion of UK bail-out cash – are being transferred from the richer to the poorer parts of the EU. The idea is that Germany, France and others should “socialise” the debts of the periphery – take them on, in other words – so as to keep the eurozone together and to stop the domino effect, with all the attendant damage it is feared that would do to the European banking system.”

“These profligate and improvident countries would be obliged, in return, to submit to a kind of economic supervision that is now proposed for Greece. Taxes, spending, benefits – all the panoply of economic independence – would then be subject to agreement with Berlin and Brussels. I sometimes think Kohl, Mitterrand, Delors and co instinctively knew that this would happen.”

Oh, they knew. They wanted this to happen – maybe not in the wrenching, embarrassing way that has manifested itself in the case of Greece, Ireland the rest, but they surely wanted economics to be melded to the service of politics.

“They probably calculated that if only they could achieve monetary union, the euro would create such strains that the de facto creation of a United States of Europe would be impossible to resist. The trouble is that there is just no democratic mandate for anything of the kind.”

Democracy, schemocracy, as Mel Brooks might have put it.

Keynesians fighting like rats in a sack

An interesting item about how economists influenced by the teachings of the late JM Keynes are falling out with one another.

Here is a quote worth pondering from Henry Hazlitt: “Keynes constantly deplored saving while praising investment, persistently forgetting that the second was impossible without the first.” Page 203, The Wisdom of Henry Hazlitt.

Samizdata cultural quote of the day

“The fundamental story about consumer taste, in modern times, is not one of dumbing down or of producers seeking to satisfy a homogenous least common denominator at the expense of quality. Rather, the basic trend is of increasing variety and diversity, at all levels of quality, high and low.”

Tyler Cowen, Creative Destruction: How Globalization is Changing The World’s Cultures. Page 127. First published in 2002.

Sad news

I am very sad to hear the news that a libertarian acquaintance of mine, Richard Garner, has died at a young age. I don’t know any more details. Richard used to write a fair number of excellent comments over at this blog’s comment threads. I used to like chatting to him at conferences and other gatherings; I remember getting a cheery invite from him to join him and others at the recent “rally against debt” in central London.

My condolences to his family and many friends. He will be missed.

A big carbon footprint in France

Our own Michael Jennings does his bit to stave off a new Ice Age by his almost obsessive amounts of globe-trotting, and I cannot compete with that, but I did my little bit at the weekend, as did a lot of other crazy people, by attending this event in France.

Ever since I watched the Steve McQueen film about the extraordinary 24-hour race in this part of France, I have wanted to go to Le Mans. I was not disappointed. The sight and sound of the cars setting off for the race, and then thundering down the Mulsanne Straight, or twisting around the S-bends after shooting down the track under the Dunlop Bridge, was unforgettable.

There is, I suppose, something very elemental about getting excited about the sight of such things, and of course, there is the satisfaction in how Man, by mastering technology, can produce cars able to go flat out for 24 hours and drive at such speeds, competitively, and live to tell the tale.

I shall definitely be going back.

An interesting take on intellectual property (oh no, not again!)

“Auction houses and auction websites make markets out of common objects that would be trash except for a celebrity having owned or used or once touched it. A set of golf clubs or a box of golf balls is worth far more in a pro shop if the brand name “Tiger Woods” is on the label, because by affixing the name of the golf legend the buyer is being told that Tiger Woods had personal input into the quality of the products. Anyone who copies that box of golf balls with the Tiger Woods label on it — without proper authorization — is committing an act of forgery.”

J. Neil Schulman.

He certainly has an unusual way of looking at IP. This issue is messing with my head. A few weeks ago, I read Tim Sandefur’s lucid take on the matter, and took the view that whatever else can be said about it, it is hard to see how I could make a “natural rights” claim for IP in the same way as some classical liberals can do with physical property. But a few days later, talking to an old friend who is a professional arbitrator, my view swung more favourably to this sort of argument, as presented in favour by the late, great Lysander Spooner.

I fear that with IP, this is going to be one of those “I haven’t really made up my mind yet” positions. I suspect I am not alone.

“Government” money

As a BBC news announcer gave out the round of story headlines this morning on the television, I heard this particular classic of its type connected to this story about extremism and universities:

“Government money is no longer going to be given to Islamic extremists”.

First of all, there is, as readers of this blog know, no such thing as “government money”. All money spent by government is, despite what some might believe, owned by you, the taxpayer, or lent to it, by other people. Second, it is not just appalling that money levied on pain of imprisonment (taxes) is then transferred to people who want to impose a particular worldview on their fellows; it would be just as bad if the money were to be given to the forces of sweetness and light. No such groups, whether it be Islamic Jihad, The Women’s Institute or the Worshipful Company of Bald People, should receive a penny from the taxpayer. End of subject.

Turning lead into gold

“Vote Labour and we’ll turn debt into investment”

Written by a wag on the Guido Fawkes blog in the comments on an excellent item about inflation. The great thing about that quote is that I can actually imagine some prat such as Ed Milliband, leader of the Labour Party, saying such a thing. And of course this is pretty much what Paul Krugman, Nobel Prize winning economist, probably thinks also.

Meanwhile, Niall Ferguson, the historian, weighs in on the issue of debt.

New York City and the nanny state

There is a good article up at the moment by Brendan O’Neill, one of those strange “libertarians” (he’s a Marxist) hybrids who writes good sense on lifestyle issues and the environment, but a lot of guff on economics. He’s absolutely on target here about New York City and its ghastly mayor, Michael Bloomberg. (As a former news-wire journalist, I used to refer to Bloomberg, the media business, as the “Borg”, given its messianic, controlling tendencies).

Anyone who thinks that the paternalist “nudgers” are not a menace to liberty should read this article.

I love New York, and visited it earlier this year and plan to make a return journey later in 2011 as part of a business trip. It feels safe in the main; I enjoy the sights and the sounds and unlike Taki, the racist uber-paleocon who is strangely indulged in the Spectator, I don’t get het up about about the fact that there are a large number of non-whites in NYC.

Britain does not need French privacy laws

I used to read Theodore Dalrymple (aka, Antony Daniels) quite a bit, and some of his collections of essays, such as “Life At The Bottom”, are searing and very honest depictions of problems in the modern world, even though I find them to be short on remedies.

But while I can share some of his horror at certain trends – such as welfare dependency – there is an increasingly marked level of sustained, Daily Mail authortarianism and the sky-is-falling-in hysteria in his work, a sort of constant refrain that everything in the world is getting more “vulgar”. (A certain amount of vulgarity is, if you think about it, a sign of health, or life generally). A particularly good example of this sort of humourlessness can be found in an article about the attractive sister of one of the new UK royals.. In that article, he made a generally good point but as is increasingly the case, overdid it to such an extent that he seemed to be doing what a lot of British grand journalists do: wallow in disgust at his fellow countrymen and women while at the same time keeping the object of his supposed disgust in continued view.

His current obsession is the “vulgarity” of modern culture, and, presumably, a desire that something less vulgar takes its place. Some idea of how Dalrymple thinks that might be achieved can be seen in this not terribly convincing defence of France’s draconian privacy laws, which muzzle the media in its coverage of the shenanigans of public figures, such as the disgraced former head of the International Monetary Fund. He writes of how Mr Strauss-Kahn’s personal life was kept private by the French media:

“Had the French press and media failed in their duty, or had they maintained the correct distinction between private and public life? The French often pride themselves that they are more respectful of the private life of public figures, more mature about sexual matters, and generally less prurient, than les anglo-saxons, who are at one and the same time libertine and puritanical, in short grossly hypocritical.”

“It is obvious that the two opposed policies – to tell all or say nothing – have different disadvantages. The first leads, when carried to excess, to a general vulgarisation of the culture, well-illustrated by Britain, the most vulgar country in the world (at least that is known to me). The second, when carried to excess, leads to the impunity of the powerful in a sphere well beyond the private. Since most policies are carried to excess at some time or another, the question amounts to this: do you prefer the vulgarisation of culture to the impunity of the powerful? Within limits – and clearly there are limits in France – I prefer the latter.”

He then writes about a tax issue as it affects journalists in France. I was not aware of this tax issue, but if true, this proves that French civil society is even more buggered than I had imagined:

“One of the reasons, not generally adverted to in the foreign press, for the journalistic silence about the behaviour of the elite is the special tax regime that journalists enjoy in France. In a country with very high tax rates, where a visit from the fisc is viewed with about as much pleasure as a visit from the Gestapo, this is a considerable privilege, definitely worth preserving. It creates an identity of interest between the elite and the journalists, who are inhibited from revealing too much about anyone with powerful protectors.”

Here’s another paragraph. I love the silkiness of how TD talks about the “tolerance” of French society:

“Should the French press have told all before the events in New York – with the implication that the events might then have been averted? It seems that Strauss-Kahn’s behaviour went considerably beyond the normal even for a tolerant country.”

No kidding.

“It might be argued that his private behaviour in France made him unsuitable for his post in the IMF, not because he was incompetent, but because he was incapable of conforming to the mores of the country in which the IMF had its seat.”

Ah, ze great seducer cannot be allowed to live in eeevil, puritan Amerika. Seriously, is the author of this piece arguing that a man who uses his power and influence to not just seduce, but allegedly attack, women, would be suitable in any part of the world, be it New York, Paris or Tokyo?

“As in so many matters, the relevance of a man’s private life to his suitability for a position of public trust is a question of judgment, rather than of hard and fast rule. Public figures are not, and will never be, plaster saints; and wisdom before the event is always considerably more difficult than wisdom after it. Boring as happy mediums no doubt are, I should wish for just such a happy medium between corrupt French indulgence towards the elite, and vulgar, hypocritical, prurient British interest in the elite’s private affairs. If, for some reason, a happy medium were not possible, I should prefer the French way.”

In other words, a largely ineffective press. For all its many faults, I prefer the British way. After all, in the end – after a lot of attempts – the UK media were able to bring down a number of bent members of parliament over the expenses issue. As I write, there remains coverage of the venality of officials at FIFA, the global football organisation; the UK media has also in the past been willing to cover the corruptions, major or minor, in places such as the EU. And in the US, the First Amendment means that the shortcomings of politicians are covered. Yes, such a “muck-raking” press can be hypocritical, but for example, does anyone imagine that a journalist such as Bob Tyrrell could have hammered Bill Clinton under a French system of law?

Samizdata quote of the day

“The serf first obtained chattels and then land in property; on them he won his first power, and that meant his first liberty – meaning thereby his personal liberty. His title to these things, that is, his right to appropriate them to his own exclusive use and enjoyment, and to be sustained by the power of the state in so doing, was his first step in civil liberty. It was by this movement that he ceased to be a serf. This movement has produced the great middle class of modern times; and the elements in it have been property, science and liberty. The first and chief of these, however, is property; there is no liberty without property, because there is nothing else without property on this earth.”

The Essential Essays of William Graham Sumner, “On Liberty, Society and Politics”, (Edited by Robert C. Bannister), page 247.

An accurate appraisal of “Vince” Cable

The Business Secretary, and member of the Liberal Democrat Party, Vincent Cable, likes to let us know he supposedly predicted the recent credit crunch (I am not sure he did, actually), and still manages to be presented as a sage voice on current affairs. Never mind that many of his views are nonsense.

Anyway, the Daily Mash satirical website has nailed him.