What the hell is going on in Japan?
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What the hell is going on in Japan? I’ve spent more than a decade working as a nightclub doorman. I’ve been involved in hundreds of violent incidents, including many away from the club. I can state unequivocally that in situations where some of these punks decide they’re going to pick on myself, or someone with me, with the intention of stealing our property, terrorising us or just for shits and giggles, on the occasions I’ve been armed, the situation has suddenly resolved itself when I produce a weapon. A doorman, quoted at the blog of Rob Fisher, occasional commenter over these parts. I have eased up a bit on “serious” blogging the last few days – I almost felt I had reached the point of mid-summer blog burnout – and have been too busy with other stuff, not least work. But I cannot resist linking to these fine folk who have set up a blog dedicated to the ferociously competitive world of barbecue food. God, I feel hungry already. No doubt those citizens of Jefferson’s Republic are gearing up for 4th of July. In a moment of transatlantic solidarity, may I ask commenters what sort of BBQ’s they will be doing on that day to give me some ideas? I’ll be back to bashing Gordon Brown and the rest of them later, I promise. “The fundamental story about consumer taste, in modern times, is not one of dumbing down or of producers seeking to satisfy a homogeneous 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 globalisation is changing the world’s cultures, page 127. Tim Worstall provides a suitably terse response to the latest piece of economic illiteracy from leftie writer Richard Murphy, who is against admirable things like avoidance of high taxes, and who now is supporting measures to prevent, or at least hamper, investors from making money by “shorting” the shares of firms they think are likely to perform badly. The practice of “shorting” seems to get a certain class of person all upset. Earlier this year, when the shares of HBOS, the UK banking group, came under pressure, the cry went up that those irresponsible wreckers called hedge funds were deliberately trying to destroy the firm to make a fast profit. What this ignores is that if there were not investors willing to temporarily borrow stock as part of their short-selling tactics, then this would reduce the total number of counterparties in a market, and reduce liquidity and efficiency in the pricing of shares, which is a bad thing. Illiquid markets – which can produce big jumps up or down in the prices of shares – are generally not good places to be in, particularly for smaller investors. If I take a dim view of a company that I do not own, shorting lets me act on that view and maybe make some money out of it. Quite why this is so terrible, Mr Murphy does not bother to explain. Some time ago, when I wrote about this topic, one sarcastic commenter moaned that I was insulting the intelligence of readers by trying to explain what “shorting” is. I reject that criticism since it s plainly obvious that even among supposedly intelligent people, the workings of the financial markets are mysterious. And what people do not understand, they fear. The Irish “no” vote on the EU’s Lisbon Treaty has already had some positive effects, such as the lessening chances of the European major states attempting to create a tax cartel. Well, we can all hope, anyway:
Yes, perhaps the French, rather than attempting to prevent some horrific “race to the bottom” on tax rates, should instead admit that tax competition, including that which comes from those dreadful offshore centres, is a good thing. The comments ought to underscore just how serious are the consequences of creating an EU state and the benefits that exist from resisting that ambition. Well, maybe I write these words in a spirit of optimism as the light pours through my window. Indulge me for a while. Nice item on the writings of this wonderful author. I remember watching the TV series Shogun many years ago and remember how enthralled I was. On her blog over at the Spectator website, Melanie Phillips, a writer with whom I generally agree on certain things, not least the right of Israel both to exist and defend itself, writes what I think is a poor article on David Davis’ recent decision to hold a by-election in his parliamentary seat to highlight the loss of civil liberties:
“Much is being made”. Yes, that is because the loss of civil liberties and the spread of the database state has reached the point where ordinary members of the public – those ghastly people – are getting riled. David Davis is a sufficiently paid-up member of the human race to have spotted this. But to dismiss his action as some sort of Dianaesque emotional display, rather than what is in fact a pretty shrewd, calculated act seems a bit patronising. And then we get to the reasoning that explains why Ms Phillips dislikes what Mr Davis has done:
Well, leaving aside the snide remark about his “SAS image”, I am not sure how Mr Davis would reply to all of those points but his recent remarks make it pretty crystal clear that he is against the holding of DNA on innocent people, for example, or even shorter periods of detention without trial. Ms Phillips, presumably, is in favour of all the above and more. Then we get an argument that Mr Davis is in favour of all this “emotional” civil liberties stuff because he is insufficiently aware of the threat Britain faces from Islamic terrorism:
The reasoning is weak. It does not seem to cross her mind that one might be as concerned as the next man about terrorism – as I am – without feeling the need to chuck out long-standing protections of the individual that were not even removed – or at least only shortly – during emergencies such as the Second World War. It may be that some people on the right dislike the “neocon” argument out of some naive attitude about terrorism, or some sort of hatred of Israel/America, etc, but that does not appear to be the case with Mr Davis. As far as I can tell, he is very much from the Atlanticist tradition of conservatism. Ms Phillips is also playing to the bad argument that to be a defender of liberty is to be a softie on security. We have to absolutely nail this terrible idea that you can trade off one against the other. By contrast, here is a cracking article that takes Mr Davis very seriously indeed. The annual jamboree that is known as the Wimbledon tennis fortnight gets going in a few days’ time. I watched the Roddick/Nadal match yesterday and was stunned at the sheer speed with which Andy Roddick, the US player, served the ball. On several occasions he hit serves of more than 140 mph. Jesus. It made me wonder whether there is any wisdom in John McEnroe’s suggestion that wooden racquets are brought back to put some more finesse into the sport. There is no doubt that modern sports technologies, including the materials used to make everything from tennis racquets to the heads of golf drivers, have evolved at an amazing pace. One reason why modern tennis championships have to use special gadgets to test that a ball has fallen inside a court boundary is because of the ferocious speed with which the ball can be hit. It is almost impossible for a line judge to see the fall accurately over the course of a long game. I play occasionally and bought a racquet in a sale that, to my amazement, can be used to hit the ball incredibly fast. But I wonder whether this makes for a better game overall. In the meantime, here are some good reasons to watch the sport. As for the ladies, I am told they are rather keen on the young Spanish maestro, who threatens to dethrone Roger Federer, one of the greatest tennis players I have ever seen, from his spot as best player on grass. The Guardian newspaper, which regards David Davis’ resignation as an MP to hold a by-election over detention without trial as a “stunt”, carries this rather sniffy editorial that tells you a great deal about the mindset of those in power and their media lackeys. Excerpt:
As Perry de Havilland of this parish would put it, that is wrong on so many levels. At the most basic level, the Guardian has conflated the idea of liberty and the idea of power. There is “negative liberty”, which says that liberty is the absence of coercion, and “positive liberty”, which blurs the idea of freedom with the ability, or power, to do things, or have things one wants, such as food, shelter, good health, nice weather, and so on. The late, great Isaiah Berlin skewered this reasoning years ago. The problem in claiming, as the Guardian does, that being “destitute” is the same as lacking liberty is that it ignores what has caused such destitution. A destitute person, living in a free country, will not be molested by the agents of a state in the way that anyone, rich, middling or flat broke, can and will be in a society that has the sorts of restrictions that Mr Davis is opposing. Of course, in some extreme cases, a very poor, or handicapped person is vulnerable to being taken advantage of by others, which is why prosperous societies full of people willing to help the weak and vulnerable are far better places to be. But socialism makes the fatal error in conflating liberty with power. In fact that error leads to the idea that somehow, all manner of regulations are okay so long as we have a full belly and somewhere to lay our heads at night. David Kelley, the philosopher, also confronts the nonsensical idea that poverty and coercion are the same thing in his book about welfare. Here is a review of that book that is worth reading. → Continue reading: Getting confused on the meaning of liberty The Irish have voted “No” to the EU Constitution, sorry, Treaty, in their national referendum. It is turning out to be quite a week in politics. This is very cool.. I reckon 007 should get Q to make him one with all those lovely “additional features”. |
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