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]
|
I see that Tony Blair’s former master of spin is trying to put as much distance between himself and Gordon Brown’s henchmen as possible. Truly glorious stuff.
I have been deliberately avoiding the internet these last couple of days as I have been enjoying a lovely Easter weekend with my relations. We sank a bottle of Rhone wine last night that was particularly enjoyable. Having caught up on the news via Guido Fawkes and Iain Dale, I am decanting another one. Oh yes.
Happy Easter to believers and non-believers alike.
It is has surprised me that David Cameron’s Conservative Party, even though it has been pretty hopeless at resisting or promising to overturn whole assaults on UK civil liberties, has not embraced the idea of a mass repeal of such odious laws more enthusiastically. A commenter called KevinB has raised this point just now.
Consider the benefits: it would appeal to liberal-leaning folk who might otherwise not give the Tories a second glance and weaken the challenge from the LibDems; it would go down well with younger people normally less inclined to vote; it would be the right thing to do anyway. So why do they not make a manifesto commitment saying that in the first session of the next Parliament, a Great Repeal Act will be enacted that sweeps away hundreds of encroachments on UK civil liberties, such as the Civil Contingencies Act and the National ID database?
Of course, some of this might require the government to pull out of certain EU laws, but remember that the vast bulk of the laws imposed by New Labour have been domestically generated and cannot be blamed on the EU, important though that dimension is.
Now at this blog we are not exactly very nice to the Tories, to say the least. But it strikes me that a Great Repeal Act, or Restoration of Liberties Act, would be a nice, catchy idea that even the most authortarian cynic in the Tory ranks might feel would be worthwhile.
Following from Philip Chaston’s post immediately below, is the point that needs to be repeated as to how bad it is that the authorities are now trying – in vain, hopefully – to ban people from photographing the police. Had such photographing been prevented, then this incident, which threatens to engulf the police in further turmoil, would not have been recorded.
I cannot believe I am now writing stuff like this. This is Britain, right?
Why was that slump, over and done with by 1922, so much shorter than the following decade’s? Well, for starters, he said, President Woodrow Wilson suffered an incapacitating stroke at the end of 1919, while his successor, Warren G. Harding, universally considered one of the worst presidents in American history, preferred drinking, playing poker and golf, and womanizing, to governing. “So nothing happened,” Mr. Vedder said. Of course Mr. Vedder does not wish ill health — or obliviousness — on any chief executive. Still, in his view, when you’re talking about government intervention in the economy, doing nothing is about the best you can hope for from any president.
From a nice article on revisionist accounts of the New Deal and Roosevelt.
Via Marginal Revolution, which has a quite good comment thread on this issue.
Talk of Warren Harding, a much maligned president, reminds me of Paul Johnson’s book, Modern Times, in which that president gets a much-overdue rehabilitation, along with Calvin “Silent Cal” Coolidge.
One issue that does not appear to have provoked a lot of discussion, at least not yet, is how the government bailouts and encouragement of mega mergers between struggling banks has created a banking industry that is, if not monopolistic in its structure, then pretty damn close to so being. Now – as I once argued four years ago (gulp!) – the fact that a firm such as a computer software house or bank is big is not, by itself, harmful. One should not confuse bigness with control over the consumer. A lot of anti-trust laws – which I believe often create more harm than they supposedly solve – are based on the mistaken idea that a firm’s being big is somehow proof of malign intent and that bigness, is, ipso facto, harmful. Well it all depends how the firm got to be big in the first place, and whether it retains its market size by continuing to offer good products that people want. For a firm to stay big at a time when barriers to entry in certain fields are being slashed by new technologies such as the internet, confusing bigness with lack of competition is a serious mistake.
Now turning to the banks, it is clear that the mergers between the likes of UK’s Lloyds and HBOS, or Bank of America and Merrill, or Wells Fargo and Wachovia, have produced a number of large banking groups with the state acting very much as the encourager of such mergers, rather than, as might have been in the case when anti-trust lawyers were on the prowl, hostile to them or at the very least, skeptical. As free marketeers like to point out, monopolies that are supported by state powers and privileges are harmful, while those that arise out of a dynamic market process tend not to be, since state-backed monopolies are the least likely to fall prey to new, nimbler competitors. Without state support, even supposedly invincible big firms, such as IBM, Ford or for that matter, Microsoft, can find their market share eroded by a newcomer.
One of the reasons why I actually favour free banking and competition in money is that it might create more banks and give the established banking sector a much-needed dose of competitive pressure. I am pleased to see that the likes of Tesco’s, the supermarket chain, is getting into banking. That is good news for the consumer, hopefully, although the haters of Big Retail might complain.
In the UK, for example, Lloyds Group, after its acquisition of HBOS, controls almost 45 per cent of the UK mortgage market. Any new entrants that can put that behemoth under pressure are to be welcomed.
Following the dreadful news about the Italian earthquake, this blog about Italy contains a mass of links to charities and organisations helping with the recovery effort in the stricken area. I have some distant Italian relations who live not far away from the area although fortunately they are all okay.
This item about the recent missile firing by North Korea reminds us that in all the attention currently being focused on the credit crunch and the policies of governments to deal with it, that geo-political threats cannot be ignored. It is, I suppose, all too easy to dismiss the leader of North Korea as some sort of harmless nut if you are living thousands of miles away. For the Japanese, who fear that a leader of a broken country might try something really stupid – as dictators tend to do – the situation is far less easy to shrug off. And Japan had better reckon without a blanket promise of support from the US in the future. I hope the anti-missile defence systems that Japan has installed are in good working order. Japan now has a pretty useful navy.
Not a happy situation. At all. Here’s an agency report on the rocket launch.
Douglas Carswell, who is still merrily blogging away despite the happy intrusion of fatherhood, wonders whether the days of the spin doctor might be starting to fade. He says the internet is seriously starting to cut into the middleman of the spin doctor. I am not so sure about that – presumably, spinners will use the internet to try and prolong their role. But there is no doubt that spin doctors, rather like old fashioned advertisers, are seeing their roles changed, and in often uncomfortable ways, by the Internet. Look at how the traditional “gate keepers” of the media castle have been sidelined by outlets such as YouTube, for instance.
Talking of advertising, I just love the series, Mad Men.
Right, nuts to the G20. Here is a fine appreciation of the late Dusty Springfield, one of the world’s greatest singers, who would have been 70 today.
Quick Friday quiz: name your favourite singers (male and female, both contemporary and classical).
Let it not be said that the politicians gathering to celebrate an orgy (er, steady on, Ed) of Keynesian delinqency and transnational socialism are letting this current financial crisis go to waste. The G20 countries have agreed to a crackdown on those pestilential things, tax havens. I have defended them before and will do so again. What we are seeing is a determined effort to create a global tax cartel. Cartels, unless backed by brute force, tend to break down eventually. The G20 are making lots of blood-curdling threats about sanctions and so forth. What is Germany or Italy going to do – invade Switzerland? Good luck with that, gentlemen.
At the root of the hatred of tax havens is a hatred of freedom, pure and simple. If you believe a democratically elected government, say, can seize the wealth of a portion of its citizens, then you will believe that that minority can be more or less robbed, held hostage and prevented from going abroad. Socialists such as Richard Murphy believe that if 51 per cent of my fellow citizens want to help themselves to the contents of my bank account, then I am being “undemocratic” and a bad citizen if I choose to park my cash in the Caymans or wherever. Well, why not go the whole distance and require anyone who has an offshore bank account either to close it or be forced to get an exit visa if they wish to do so? We may be already reaching that point. If, on the other hand, you believe people are entitled to their property regardless of what their fellow electors think, then tax havens – “haven” is a place of safety, remember- are an important escape route and bulwark against looters. When politicians want to shut down places of safety in a time of crisis, it is well to be cynical about the motives of those involved. Especially if they happen to be such characters as Gordon Brown or Barack Obama.
The sheer cynicsm of it all is breathtaking. Whatever the cause of the current financial crisis, I think it is pretty fair to say that it did not originate in tax havens. Switzerland, in fact, has been hammered by the crisis; its biggest wealth manager, UBS, has lost an estimated $49 billion in write-downs connected to the US sub-prime disaster. The $50 billion Ponzi scheme fraud of Bernard Madoff happened onshore, right under the noses of the SEC, rather than in some far-flung island in the South Pacific. The huge losses incurred by banks have been nothing whatever to do with so-called “tax leakage”. And in the US, there is already a tax haven, known as the state of Delaware. And the UK has been – well until recently – a tax haven on certain definitions. Ditto places such as Ireland or even Belgium.
Rant over. Thanks for your patience.
The blogger at Devil’s Kitchen has been doing fine work, as have others, in exposing “fake charities” – those organisations that while claiming to be autonomous, voluntary organisations, receive a substantial amount of funding from the taxpayer via grants and as a result, frequently take positions in terms of public policy that, unsurprisingly, fit in with the fashionable bromides of transnational progressivism, health fascism and environmentalism. The Fake Charities website does sterling work in listing those organisations that should be closely watched. The site is a great resource and well worth bookmarking.
I do not give a voluntary penny to any of them. An old girlfriend of mine used to work as a fund-raiser for the NSPCC. She told me that it was a bit like working for the government. The tragedy of all this is that charities, like other once-autonomous institutions drawn into the arms of the state, are valuable parts of a civil society. Opponents of liberalism will sometimes claim that we are “atomists” who have no interest in co-operative ventures. That is mischievious nonsense: a libertarian is in favour of, or at least tolerates, all forms of voluntary interaction and charitable, philanthropic activity is absolutely vital to this. Without a Welfare State to care for the inevitable casualties of life, such organisations are obviously important. In framing the case for moving towards a truly free society rather than the mess we have now, it is in fact particularly important to highlight the examples of where philanthropy, as properly understood, has made a positive difference to people’s lives. It is all of a piece with trying to set out positive, constructive examples of what a free society actually can look like, rather than just moaning about the situation we now find ourselves in.
“The Federal Reserve…along with other central banks, is a legal counterfeiter.”
Paul Kasriel, economist at Northern Trust, the US bank. He is in favour of all this “quantitative easing”, by the way, but he is far too honest an economist not to identify what that euphemism actually stands for. And he predicts that it certainly will trigger inflation later on.
|
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.
|
