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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Getting the institutions right matters. Many people simply don’t understand that issue. They don’t understand it because they still believe in magic. Few people believe that the chanting of magic words or incantations exercises power over the world. Most of us believe in cause and effect – in tracing out the effects to their causes. The scientific approach has been triumphant in such fields of enquiry as physics, chemistry, biology and geology. Unfortunately, when it comes to the science of human behaviour, many people – possibly most – still believe in magic, because they believe that a special class of wizards and magicians are called legislators, rulers, governors and presidents, and so most people believe, when they say such words as `It shall be the law that all shall have the right to good health care, or a good education, or a higher living standard,’ that those words carry the power to bring about the intentions behind them.”
– Tom G Palmer, Realising Freedom, page 207.
I strongly recommend this gem of a book.
Via Instapundit, is an academic paper on the issue of how merchant vessels can protect themselves from pirates. This will not break new ground for Samizdata regulars, of course, but I recommend it.
Talking of merchant shipping, if this volcanic ash problem continues to mess up air travel, then merchant shipping is likely to get a boost in the short run. Bring brack the transAtlantic ocean liners, maybe. Here’s a website where you can even buy such monsters of the sea. Bit out of my price range, alas.
Allister Heath, over at CityAM, the free daily newspaper with a strong financial twist, seems at times to be about the only journalist in London making a robust case for free market capitalism, limited government and low taxes. Given how such a message is almost deemed off limits these days in the Conservative Party, and even City types seem shy about doing so, Allister’s editorials are a rare blast of good sense. He’s on good form today with this:
“Economics is not always intuitive – and that is what makes it such a fascinating and important discipline. Take what economists call “incidence” – the study of who actually bears the burden of a particular tax. It is obvious enough that employees pay income tax. But it is much harder to actually work out who really ends up paying for other taxes; voters are often fooled into thinking that somebody else, usually big business, is being hit by higher taxes while in fact it is them who are picking up the tab, albeit in a way that is impossible to detect.”
Exactly. With a lot of economic arguments, such as law of comparative advantage, the insight is not immediately obvious. That is why, for example, protectionist politicians can win votes by claiming that those evil foreigners are “taking our jobs” – it takes a bit of understanding to see the fallacy in this. And the tax incidence issue that is highlighted here is a good one. There is not just a tax incidence effect where a tax on a sector, such as banks, hits everyone. There is also regulatory incidence too. I don’t know exact numbers, but all the various health, safety, equality, and other rules that are imposed on firms add greatly to the total cost of buying a product. Consider how much of the regulatory burden, for example, translates into the actual price you pay for a car, fridge, or even step-ladder.
So the Tories, in their bid for power, want to impose a tax on banks, and imagine that most voters will cheer and say, “good on yer iDave, give the banks a hard time!” and then fail to join the dots when they wonder why the interest on their accounts is so poor, or why it seems a bit harder to get a loan these days or why buying foreign exchange appears to be a rip-off.
A quick link from me today to a recent talk given by Dr Stephen Davies at the Oxford Libertarian Society. Excellent piece, well worth your time. He absolutely nails the silly idea, put about both by communitarians of the left and right, that individualism is the same as lack of interest in a strong civil society. Quite the reverse.
Here’s an interesting paper he wrote about crime and morality many years ago for the Libertarian Alliance. Also recommended. And he is giving the annual Chris R Tame memorial lecture for the Libertarian Alliance on 10 May in London. I’ll be there and hopefully, put up a review on what he has to say.
This headline caught my eye:
Alan Greenspan to Testify on Subprime Lending, Securitization, and GSEs, Wednesday, April 7
Shame he was not grilled a bit more about the Fed’s free-money policy that fuelled much of the credit crisis back in the days leading up to the housing bubble. Goodness knows what his old mentor would have made of this charade.
“The Obama administration came into office promising to press the “reset” button with the rest of the world after eight years of the so-called arrogant, swaggering Texan cowboy blundering his way around the planet, offending peoples from many lands. Instead, Obama pressed the ejector-seat button: Brits, Czechs, Israelis, Indians found themselves given the brush. I gather the Queen was “amused” by the president’s thoughtful gift of an iPod preloaded with Obama speeches – and, fortunately for Her Majesty, the 160GB model only has storage capacity for two of them, or three if you include one of his shorter perorations.”
Mark Steyn.
It is amazing how a foreign leader can get away with being brusque to allies so long as he or she does not speak with a Texan accent. After all, Mr Obama got the Nobel Prize for Peace!
Iain Dale, the UK blogger and wannabe Tory MP, gets himself into a fearful mess in arguing as to why owners of privately owned businesses, such as hotels and the like, should be forced to accept any type of client, even if that offends the moral sensibilities of the owners. Much as I share Mr Dale’s dislike of bigotry, he’s just plain wrong when he writes:
“This is not about property rights. If you open your house to paying guests, it is no longer just your house. You are running a business, just the same as anyone else, and you should be subject to the same laws as anyone else. If you do not wish gay people, black people, Jews or anyone else in your house, don’t open it to the public. Simple as that. No one would accept a shopowner refusing to serve a particular type of person, would they?”
He’s wrong here. So Mr Dale imagines, does he, that as soon as a person sets up – at their own risk and cost – in business, and chooses to make money in a particular way, that they suddenly forfeit any right to choose with whom they wish to make a living if the powers that be decide that such reasoning is prejudiced in some bad way? How the expletive deleted does that work, Mr Dale? Does this mean, for instance, that a business owner should be forced to serve anyone? Suppose a nightclub, say, insists on a dress code for its clientele (as happens). Does this mean that the scruffy are being discriminated against?
I don’t like homophobia any more than Mr Dale, but as a supposed Tory, he ought to realise that the best protection any group of persons have against bigotry is competition and several ownership of private property. In a free, robust market unimpeded by state privileges and taxes, bigotry carries a significant economic cost to the bigot. And I think it was Voltaire back in the 1740s who observed, how people of all faiths, for example, could and did transact in the early London Stock Exchange of the time. Filthy lucre is often the most corrosive solvent of bigotry that there is.
There is also an ancilliary point here. As a free marketeer in favour of honest money and competition in currencies, I think it should be the right of any businessman to refuse to accept payment in certain currencies that he, rationally or otherwise, does not trust. If we adopt Mr Dale’s line of reasoning on how a business owner’s property rights go up in smoke the moment a client comes through the door, he’s all in favour of forcing people to accept payment in whatever the state decrees is the “proper” form.
Sorry Mr Dale, but you just don’t accept the concept of free association as it applies to commerce. Property rights is most definitely what the issue is about.
I am not going to talk about religious beliefs but about matters so obvious that it has gone out of style to mention them. I believe in my neighbours. I know their faults, and I know that their virtues far outweigh their faults. “Take Father Michael down our road a piece. I’m not of his creed, but I know that goodness and charity and loving kindness shine in his daily actions. I believe in Father Mike. If I’m in trouble, I’ll go to him. My next-door neighbour is a veterinary doctor. Doc will get out of bed after a hard day to help a stray cat. No fee – no prospect of a fee – I believe in Doc. I believe in my townspeople. You can know on any door in our town saying, ‘I’m hungry,’ and you will be fed. Our town is no exception. I’ve found the same ready charity everywhere. But for the one who says, ‘To heck with you – I got mine,’ there are a hundred, a thousand who will say, “Sure, pal, sit down.” I know that despite all warnings against hitch-hikers I can step up to the highway, thumb for a ride and in a few minutes a car or a truck will stop and someone will say, ‘Climb in Mac – how far you going?’
I believe in my fellow citizens. Our headlines are splashed with crime yet for every criminal there are 10,000 honest, decent, kindly men. If it were not so, no child would live to grow up. Business could not go on from day to day. Decency is not news. It is buried in the obituaries, but is a force stronger than crime. I believe in the patient gallantry of nurses and the tedious sacrifices of teachers. I believe in the unseen and unending fight against desperate odds that goes on quietly in almost every home in the land. I believe in the honest craft of workmen. Take a look around you. There never were enough bosses to check up on all that work. From Independence Hall to the Grand Coulee Dam, these things were built level and square by craftsmen who were honest in their bones. I believe that almost all politicians are honest. . .there are hundreds of politicians, low paid or not paid at all, doing their level best without thanks or glory to make our system work.
If this were not true we would never have gotten past the 13 colonies. I believe in Rodger Young. You and I are free today because of endless unnamed heroes from Valley Forge to the Yalu River. I believe in – I am proud to belong to – the United States. Despite shortcomings from lynchings to bad faith in high places, our nation has had the most decent and kindly internal practices and foreign policies to be found anywhere in history.
And finally, I believe in my whole race. Yellow, white, black, red, brown. In the honesty, courage, intelligence, durability, and goodness of the overwhelming majority of my brothers and sisters everywhere on this planet. I am proud to be a human being. I believe that we have come this far by the skin of our teeth. That we always make it just by the skin of our teeth, but that we will always make it. Survive. Endure. I believe that this hairless embryo with the aching, oversize brain case and the opposable thumb, this animal barely up from the apes will endure. Will endure longer than his home planet – will spread out to the stars and beyond, carrying with him his honesty and his insatiable curiosity, his unlimited courage and his noble essential decency. This I believe with all my heart.
– R. A. Heinlein.
One of the tedious features of that TV phenomenon, the celeb chef, is how so many of them go on and on about the wonderfulness of buying local ingredients, implying that those evil, globalised behemoths – supermarkets – grind the faces of farmers, sell insipid products to the masses, etc. Like the US blogger Timothy Sandefur, I tend to take a dim view of those who turn up their noses as the many benefits of trade and the division of labour. And Mr S. has spotted this rather grimly satisfying story.
As I have said before, people who refer to such things as “food security” or the supposed joys of self sufficiency can sometimes overlook the fact that Man’s best insurance policy against shortages is a global division of labour when it comes to producing food.
On the BBC’s morning news show, was a short spot about unruly school pupils. One of the issues that was raised by the presenter was the fact that in a lot of schools, headteachers do not really have a very strong idea of what goes on in the classroom. A bit later in the show, a female headteacher was asked about this and she said something to the effect of “Well, I am on the road a lot and out of the school attending conferences and so on, but I have children of my own”.
Nice.
“So you live beyond your means and rack up a bunch of bills you can’t cover. So you go to your rich uncle. He’s tapped out, alas. And tired of supporting you. So he goes to his rich uncle who’s even richer and known for his desire to keep the family name unsullied. But what if he’s tapped out? Those are my thoughts when I read this story that Sarkozy is supporting Merkel in getting the IMF to bail out the Greeks. The IMF is the richer uncle. Eventually the other guy runs out of money. We’re going to have to start borrowing from Mars or Venus soon.”
– Russ Roberts, at the Cafe Hayek blog.
When I was a wee kid growing up on my folks’ farm in East Anglia, it was a common sight, in the 1970s and 80s, to see RAF Jaguar and Tornado jet aircraft practicing very low flying over the flat (ish) fields of that part of the UK. Typically, a Jag could fly no more than 100 ft off the deck, so low in fact that you could see all the markings on the side of the aircraft, what sort of stuff it was carrying, etc. The idea was to get under the opposition’s radar. These aircraft were practicing the sort of flying that would be needed against the-then Warsaw Pact ground forces of the time. (The Jaguar was a very effective strike aircraft).
But nothing, absolutely nothing, compares with flying as low as this. Ye gods!
Here’s another.
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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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