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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Take a look at this, and scroll down for some of the comments. I still occasionally come across the sort of comments in the vein of “would it not be a good idea to stick all those yobs in the Army/whatever or make them do unpaid work?” etc, etc. These comments come up when there is a discussion about problems of our terrible young people. And this seems to be a viewpoint that transcends the usual left/right political divide: conservatives like the “get em sorted out” mindset while the left goes more for the “building a sense of community” approach. As usual, the notion that individuals are entitled to live their lives for their own sakes gets lost. I mean, that is just so damned selfish.
The issue is quite simple: if the problem is youngsters getting bored and into trouble, then the obvious solution is paid work, hence removing all the legal and tax barriers to said, such as minimum wage laws, restrictions on hiring teenagers, and so on. Acquiring the pride of getting a paycheque strikes me as far more useful in encouraging positive behaviours than some sort of conscription plan for young adults, as seems to be on the cards in the US.
And I’ll repeat my point that it is not enough just to speak out against plans to conscript 18 to 25-year-olds, for example. Proposals to make people attend schools (or whatever euphemistic words for such places exist) until they are 18, for example, is also wrong, and in many cases, counterproductive, particularly where non-academic youngsters disrupt the teaching of their fellows because they are bored senseless. Far better to encourage apprenticeships, with things like tax breaks, than keeping them in one damned education project after another.
If this idea of a young civilian corps in the US becomes fact, I wonder how many of all those young Obama fans will became disenchanted with him? But then I recall that Mr McCain, his vanquished opponent, was pretty keen on all this service stuff as well.
Fraser Nelson over at Coffee House picks up on a point that has been obvious to yours truly for a while as well: the dystopian novel, Atlas Shrugged, by Ayn Rand, nicely charts the sort of demented statist economics that we are seeing back in fashion now. Rand’s novel is more than 50 years’ old and it focuses on the railroad industry, but its themes apply just as well to the world of modern banking or the internet.
Even if you decide to skip the enormous John Galt speech at the end of the 1950s novel, reading this book will help clarify a lot of the issues now swirling around. I can think of a few people in public life today who would qualify as the villains. Who, however, are the heroes? Where are the Dagny Taggarts, Hank Reardens or Francisco D’Anconas of today? There are mutterings about the book being made into a movie, starring the likes of Angelina Jolie (who is actually a lot smarter than some of her Hollywood peers), but I am not sure what the situation is with that. Hmm, let me speculate on the glory of an anti-statist movie winning an Oscar.
As a side observation, I cannot help but notice that ever since the UK government nationalised banks such as Royal Bank of Scotland, which owns Coutts, the private bank, there have been worries that wealthy clients of Coutts must be a bit nervous about having their finances run by folk beholden to the state. Indeed, as Instapundit’s Glenn Reynolds might say. Those banks which have by luck or deliberate choice avoided state bailouts will benefit.
Via the indispensable Bishop Hill blog, is this scary Henry Porter article about how many Britons, including professional photographers, are being arrested for taking photos of supposedly “off-limits” buildings. I also notice in the article that yet another Tory MP has been arrested.
The police seem to be developing quite a taste for arresting MPs on dubious charges these days. But at least some judges are beginning to tighten the screws on coppers demanding to arrest or search people in “high profile” cases. But what about the rest of us plebs?
Daniel Finkelstein says what needs to be said. Brilliant article.
Following on from my post earlier about what sort of things might be regarded as wrong or intolerable by future generations that are widely done now, this book by David Friedman (son of Milton F), which looks at potential future legal, scientific and ethical controversies, looks interesting. For instance, Friedman asks what might happen to inheritance wrangles where the “deceased” is in fact held in cryonic suspension and hence not technically dead, as might be defined in a specific legal code. Some of this stuff might appear pure science fiction, but SF has a way of sometimes becoming reality. After all, the very fact that many people can afford to not use animal products such as leather has been made possible by synthetic fibres and materials such as plastic, something that did not exist about 100 years ago. Other developments could also make certain moral controversies either irrelevant or shift the boundaries markedly, or raise controversies that no-one has to contend with now.
On the dystopian side, the developments going on in IT might raise such worries about how the state might try to do things like implant computer chips into people’s bodies as a sort of ID system. Only the innocent have anything to fear…
Via Timothy Sandefur’s blog, I came across this interesting question: what practices will be regarded as disgusting and barbaric in a 100 years’ time that are widely accepted and tolerated now? Tim reckons meat-eating is a possibility, and I sympathise with that. I would like to think that the practice of forcing people to attend places called schools between the ages of say, 4 and 18 and then taxing nearly half of their wealth at source and regulating the ways they spend the rest of it might one day be regarded as barbaric as slavery. We can always hope.
Talking to fellow contributor Brian Micklethwait last night, we somehow got on the subject of the recent property and debt market bubble, and what a total mess things were. And Brian pointed out that some market bubbles, like the infamous Dutch tulip bubble of the 17th Century, were based on almost a totally ridiculous notion, delivering nothing of value, whereas at least the tech bubble of the 1990s, for all of the associated craziness and subsequent pain of the crash, did at least propel a lot of useful innovation in the internet and associated world, just as the railway boom of the 1840s in the UK helped drive forward development of the railways, even though the industry had its fair share of crooks and incompetents. And for that matter, even the tulip bubble, as the Wikipedia entry I linked to suggests, did perhaps help to drive development of what is still a huge horticultural industry in the Low Countries.
The trouble with bubbles is that they pop. But it is too easy to forget, in our current fit of puritan disgust for speculative frenzy, that much, if not all of the energy that can drive prices for things higher is reflective of often dynamic and highly beneficial changes in the long run. I still believe that in a few years’ time, unless we have reverted to statism completely, that the long boom of the 1990s and most of the ‘Noughties will be seen as a generally good thing, even though part of it was driven by unwisely cheap money set by central banks – state institutions – rather than genuine economic rationale.
I loved Liar’s Poker, and Michael Lewis returns to his old stamping ground of Wall Street to write one of the best summations, in my view, of what happened in the markets leading up to the current woes. I do not buy into all of his analysis but as an entertaining version of events, it is pretty good.
Another good, if flawed account of the problems of the debt-driven economy came recently from Niall Ferguson, the historian. He has good things to say on how the understandable desire for home-ownership – encouraged by political leaders such as Margaret Thatcher in the 1980s – tipped into an attitude which stated that owning a home is almost some sort of “right”. If you think about it, paying a mortgage where you own only, say, 10 per cent of the equity is not really ownership, but a form of lease agreement. But I think Ferguson under-plays the role of central banks in the 1990s and ‘Noughties in getting complacent over the warning signs coming out of the housing and asset markets, such as gold. He had a recent television series on Channel 4 on this whole process – sponsored, I could not help noticing, by the Cayman Islands – and I was impressed by how Ferguson explained the often eye-watering complexities of derivatives and asset-backed products in simple ways without dumbing it down. Doing good-quality television shows on economics, where so much has to be conveyed by mood and picture, is hard. And Mr Ferguson’s modulated Scottish accent is a damn sight easier on the ear than the bizarre inflections of Robert Peston.
Being charitable to my fellow motorists, I guess a lot of them were in a hurry to get home last night and start off the first full working week nice and early, judging by the amount of tailgaters I encountered while driving down from East Anglia to London. At least half a dozen motorists drove very close behind me, full headlight beams on, doing probably about 90mph, forcing me to get out of the way and then watch as these idiots drove at up to 100mph or more. Odd, really, since as Samizdata readers are only too well aware, the UK has become the land of the speed camera. For whatever reason, a lot of motorists seemed not to give a damn about getting a speeding fine last night. But maybe this was nothing unusual and I was just a bit unlucky.
I actually enjoy driving fast along a motorway although I find the strain on the eyes of driving at night, with lots of drivers’ lights shining in my eyes via the reflection off a rear-view mirror, to be pretty difficult after a couple of hours. I can understand the frustration of motorists with a very slow driver who, frankly, should not be on a motorway at all, but tailgating is bloody dangerous particularly when road conditions are less than perfect. In this case at least, I am on the side of the police taking a firm line.
Anyway, after a splendid break spent in the contrasting locations of Malta and Northumberland, I am back at the blogging coalface. A belated Happy New Year from me.
“Politics is all very well in its place, that place being very much on the periphery of life.”
– Tim Worstall, who has had an impressive year on his own blog, and seems to have quite marvellously upset one of the main figures of the Guardian’s columnists.
Excellent.
Dominic Lawson writes a good deal of sense about proposals to to use public funds in the UK and US to rescue various stricken car manufacturers, such as Jaguar and GM. Like Mr Lawson, I cannot quite see how the average UK voter, who can barely afford a Jaguar car, feels about handing over money to ensure that these cars stay in business, and certainly not if a prize political creep such as Peter Mandelson is involved. Do not misunderstand me: I love the brand, but would it not be better to let the firm shrink to the status of specialist niche product for those who are willing to pay for it?
Anyway, finances permitting, I am upgrading to buy myself and the missus an Alpha Romeo., assuming I can get one second-hand in great condition. Discounts for cars are likely to be pretty generous over the next few months.
Scientists are planning to ignite a tiny Man-made star, according to this Daily Telegraph article. I wonder if the scientists or the journalists writing on their activities have seen the film, Sunshine, about which reviews have been mixed?
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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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