Jeffrey Rogers Hummel lays out a pretty solid case for saying that the US government will let down international borrowers, and fairly soon. This is not a new or original argument, but he does so with great aplomb. Definitely worth a read.
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“To kill someone for their class origins is just as bad as killing someone for their religious or ethnic origins. You’re killing someone, d’ye see? That Uncle Joe did it in the name of the proletariat while Hitler did it for some other reason he’d made up does not make Joe less evil, sorry, it just doesn’t.” August 20th, 2009 | 16 comments - (Comments are closed)
 As FA Hayek pointed out many years ago in his masterpiece, The Constitution of Liberty, if healthcare is paid for out of general taxation and delivered free at the point of delivery, then in a world of scarce resources – and healthcare is always constrained at any time by the supply of doctors, drugs, etc – then such care must be rationed by some form of bureaucratic/political rule. As Dr Hayek presciently warned at the time (1950s), any such rationing will put doctors, politicians or other people in power in the position of a god, in having the decision about who gets treatment for what, or whether life A is more “worth saving” than life B. For example, one such utiltarian consideration might be that it is more “cost-efficient” to save the life of a young kid with his whole life ahead than an 90-year-old. That is what happens when socialised medicine is established. It transfers key powers to people in ways that raise disturbing issues of accountability and control. Now a socialist might respond that it is still better for health care to be rationed by some rule they consider to be “fair” than by the supposed lottery of the market, although in fact, as I would respond, there is, due to the benefits of competition and entrepreneurship, far greater chance that all but the poorest will get better healthcare under a genuine free market in health than under the system of centralised, state-provided healthcare. Also, if the possession of a large fortune is partly a matter of luck, then luck, being blind, cannot be either just or unjust. It just is. Some folk have access to better dentists or whatever because they are richer. That may annoy someone who cannot afford the whitest teeth, but that is not proof of unfairness, as such. To prove it, one would have to construct an ethical theory that says that humans have an apriori claim on their fellows to receive a certain amount of healthcare/watever as a “right”. But such “rights” are abuses of the term: one cannot have a right to X that requires that another be forced to provide X, such as forcing folk to train as doctors to serve the sick, and so on. I was led to think about the latest twist in the US healthcare debate by reading an article by the US writer, Nat Hentoff. He totally bypasses the issue of how to deal with scarcity under socialism in ways that are fair. He rightly worries about the sort of brutal choices that state-rationed healthcare provides, but then does not see that any system of state-run, and socialised medicine, makes such issues of rationing unavoidable. Rationing by such tests of age, “need” and so forth is a feature of socialised medicine, not a bug. (H/T: The Corner). August 19th, 2009 | 17 comments - (Comments are closed)
Like his blogging Highness, Glenn Reynolds, while I love the visual cleverness of Mad Men, the TV series, and the brilliance with which this show has caught the mood of the time, I find the series rather depressing. I mean, the guys who are portrayed as “having it all” in an age of heavy smoking, drinking in the workplace, womanising and the rest seem to be, a rather depressed bunch. It is a series that certainly plays to the stereotype of business as venal and zero-sum – which is what anti-capitalists like to think it is. But these guys and gals certainly knew how to dress snazzily for work. But whatever one thinks of the sense of life communicated by the series, Jon Hamm, who plays the main character, Don Draper, is unquestionably a compelling actor who has created one of the most memorable characters in TV drama for a long time (he certainly seems to have quite an effect on this lady). It will be interesting to see what he does next. A thought occurs to me: Hamm makes a potentially good James Bond and even looks more like the character of Mr Fleming’s books than Daniel Craig, even though the latter actor did a very good turn in Casino Royale.. But the last film, Quantum of Solace, while brilliant in its stunts, was awfully humourless and bereft of character development. And it would not be that big a shift to cast an American in the role: our Jim is an Anglosphere character, anyway. August 18th, 2009 | 21 comments - (Comments are closed)
“In Soviet Russia, tractor production figures were always on the rise. In modern Britain we have our own equivalent: the annual increase in exam passes and improvement in grades, celebrated just as enthusiastically by the governments of Margaret Thatcher and John Major as by those of New Labour. It is all built on a lie.” I agree with some of Mr Pollard’s analysis, although I do not detect any support by him for the idea that the problem is more profound than whether schools adopt “progressive” or “traditional” methods. The whole notion that compulsory education might itself be a problem is not even addressed, nor does he touch on the idea of home schooling. And Stephen P. just takes it as read that however crap schooling may be, that the model of sending children to these places between the age of X and Y is broadly okay, it is just that the structure is a bit wonky and the teachers are all ideologues, etc. The problem goes a bit deeper than that. August 18th, 2009 | 8 comments - (Comments are closed)
Arnold Kling has been debating – in a friendly way – with fellow US blogger Will Wilkinson on the relative power of exit, the ability to take oneself and one’s business away from place A to B, for example, with “voice”, such as voting. There is a good Wikipedia item on the forces of “voice” and “exit”. Arnold is definitely an “exit” man and is in favour of things like creating new nations and the power to secede and emigrate. I need to think a bit more about the exchange between Will and Arnold before commenting at great length, but my two cents on this issue amounts to observing how the right of an individual to take his or her money out of reach of a country’s tax net to a less oppressive place has come under a harsh spotlight because of the recent case of Swiss bank UBS. As I keep saying, the current crackdown on certain so-called tax havens shows that some political leaders understand the power of “exit” only too well; they know that if folk can emigrate, take their money and affairs abroad, then that puts a monkey wrench into the wheels of Big Government. And so there is no wonder that such Transnational Progressive organisations as the OECD and the rest are kicking up a stink about the supposed evils of tax evasion, and putting huge pressure on such countries as Switzerland. It is, in my view, rather important that escape routes remain plentiful, and multiply. Yes, that’s three posts from me in a day. My holiday break in France seems to have done the trick. August 17th, 2009 | 9 comments - (Comments are closed)
Here is a story about a woman, who recently died at the great age of 98. She helped send thousands of young Jewish people to safety in WW2. This is an amazing story. Her tale needs to be more widely known. RIP. August 17th, 2009 | 8 comments - (Comments are closed)
This is pretty poor stuff from the normally astute James Forsyth. In fact, his remarks about Dan Hannan’s recent blunt comment about the UK’s Soviet-model healthcare system smacks of cowardice:
Oh I see. So Dan Hannan, and indeed any other Tories, are to be urged to only talk about the problems of state command-and-control healthcare/whatever in the most muted, domestic terms, without any reference to how such issues are handled overseas. Marvellous. Such timidity, when the Tories are way ahead in the polls, means that they will lack much in the way of post-election credibility in making any changes to the vast moneypit of the NHS if the Tories get into power. Hannan, by reminding Americans of the great mistake their elected representatives might make in going down the socialist path, is also doing his party a favour. One wonders whether Hannan, who famously raced up the YouTube rankings for his wonderful denunciation of Gordon Brown, has made some of his UK colleagues – Hannan is a Tory member of the European Parliament – rather jealous. Then James Forsyth goes onto say:
That Alan Duncan is a bit of a buffoon is true, but the Hannan example that James Forsyth seizes on worries me. Does he think that the Tories are going to win an election by saying as little as possible about their intentions, or by coming out with a relentless, mind-numbing set of Blairite soundbites, and hope that nobody notices or cares? The danger of Forsyth’s analysis – and this is something I have noticed from some of the Coffee Houser’s commenters in recent months – is to reduce politics to nothing more than a form of sport, like football or cricket. It goes a bit like this: “Mr X dropped a bit of a ball by saying Y the other day. Such unforced errors means that both parties go into the election/match/tournament with a point to prove”. There is no real difference between this sort of analysis and my reading about why Manchester United is a bit short of defensive cover or why Tiger Woods’ knee injury is proving a problem. And of course, as some of our commenters like to point out, the politics-as-sport schtick is all part of a broader, “Metacontext” where the same, broad, statist assumptions about what is thinkable are ringfenced, with a supine MSM aiding the process, even driving it. Certain issues are “difficult”; certain comments by MPs or officials show they are “not team players” or mad, or whatever. It is terribly corrosive of serious thought about the problems that the UK faces, such as frighteningly high levels of public debt. If the Tories feel they cannot talk with any honesty about the huge cost of socialised medicine, it does not say much about the rest of their agenda, or suggest there is much chance of progress on any but the most superficial of fronts. And people occasionally ask why we have little hope for any improvement under a Conservative government. August 17th, 2009 | 13 comments - (Comments are closed)
There are lots of bridges in Normandy – like this elegant beauty of civil engineering – but in this very pleasant region of northern France, few such constructions carry more historical significance and reminders of the costs of war than this one. I visited the Pegasus Bridge museum during a very enjoyable trip to the region last week on holiday. I also went to Arromanches, which has an excellent exhibition about the Normandy landings. You can see the remaining bits of the old Mulberry harbours that were used by the Allies to land their equipmment before the main ports along the French coast were eventually captured. Most of the folk in France last week were enjoying the usual August holidays without a care in the world. I like to think that is what the men who fought so brilliantly to liberate the Continent would have wanted us to do: have a good time. August 16th, 2009 | 2 comments - (Comments are closed)
“Whatever the marketplace, if talented people are given resources they’re going to keep driving us to having better, simpler, cheaper solutions to problems. And, by the way, if they come up with a better solution but it can’t be cheaper – which, in the beginning, most things aren’t – nobody says you have to buy it. If you think this new drug is too expensive, it’s not a good deal, we have a crisis, buy the old one. It’s a generic now. It’s cheap. You can’t look at the problem and say, “I want them to do more, better, faster miracles – and not invest in research, not invest in development, and have those miracles delivered to me free.” It’s unrealistic. And people know that about most things. They do. Nobody expects that just because they’ve made computers better they’re going to give them to you free.” – Dean Kamen, warning about how US medicine will be demaged by socialistic “reforms” by Mr Obama. Mind you, I get the distinct impression that health care could turn out to be one of the biggest problems for The Chicago Community Organiser, who seems to be losing a lot of his post-election goodwill. And not before time. August 9th, 2009 | 65 comments - (Comments are closed)
Tom Palmer on the late, Marxist philosopher, G.A. Cohen, who died a few days ago:
They say it is wrong to speak ill of the dead, or at least, recently deceased. But given the enormity of the evil associated with Soviet Russia – the millions killed, starved to death and generally immiserated – that I consider it to be a moral failing not to call out those who chose to look the other way, or make excuses, for what that regime represented, and what it did. G.A. Cohen was more honest that some Marxists/egalitarians in at least recognising the force of the classical liberal critique of his views; he did, for example, appreciate that the Lockean idea of Man as a “self owner” and the associated right to pursue the acquisition of property was a serious challenge to collectivism. But in the end he brushed it aside. I did not realise that Cohen was an apologist for the Soviet Empire in the way that Palmer describes. That came as quite a shock. By the way, G.A. Cohen’s arguments are nicely and civilly dissected by Jan Narveson’s splendid book, The Libertarian Idea. And Tom Palmer’s own book looks also to be well worth checking out. August 8th, 2009 | 10 comments - (Comments are closed)
I must admit that in many respects, I find the former Labour cabinet minister, Roy Hattersley, to be a bit of a buffoon in his clinging to socialist dogmas of a planned, highly taxed economy. But he can write: and this essay on the funeral of Harry Patch, who had been the last surviving British soldier of the First World War, is first class. August 7th, 2009 | 18 comments - (Comments are closed)
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