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“Biotech firms, pharmaceutical manufacturers, the makers of semiconductors and other advanced materials – companies from across the entire industrials sector – will invent and produce their next breakthrough products that will benefit life on Earth in the microgravity factories of space.” – Tom Vice – Sierra Space CEO, talking about the prospects of orbital manufacturing and R&D. December 7th, 2022 | 7 comments - (Comments are closed)
 “The evangelists for WFH and flexi-working keep telling us that it will create a happier, more productive workforce. But if that were true, then output per person should have soared over the last two years. Of course, it hasn’t. Instead, it has stagnated – and in many cases gone down. The UK’s miserable record on productivity is a long and complex story, but one certainty is that flexi-working won’t fix it.” – Matthew Lynn, taking aim at the whole “working from home” demands from certain quarters. (In many cases, the WFH phenomenon is a preoccupation of those in white-collar areas. One suspects that industrial welders, lorry drivers, supermarket inventory managers, farmers, lab technicians, car mechanics and power station maintenance workers don’t work from home. Mind you, my father, a farmer, likes to joke that he worked “from home”. It was a field.) December 6th, 2022 | 12 comments - (Comments are closed)
“What I am observing is that, contrary to common reputation, the UK political system is turning out to be more gridlocked than the American system. One problem is that governments can very easily lose their majorities and fall, as witnessed by the quick succession of three British prime ministers, Boris Johnson, Liz Truss, and now Rishi Sunak. To provide a simple example, it has been difficult for any of those governments to legalize fracking (Johnson did not, Truss made gestures in that direction, Sunak has claimed he will not). If nothing else, fracking would disrupt the rural and suburban environments of Tory voters, and endanger the stability of a Conservative government. The end result is that Britain is less energy-independent, more budget constrained and as a result more constrained in what it can do politically.” December 5th, 2022 | 19 comments - (Comments are closed)
“Switzerland could be the first country to impose driving bans on e-cars in an emergency to ensure energy security. Several media report this unanimously and refer to a draft regulation on restrictions and bans on the use of electrical energy. Specifically, the paper says: “The private use of electric cars is only permitted for absolutely necessary journeys (e.g. professional practice, shopping, visiting the doctor, attending religious events, attending court appointments).” A stricter speed limit is also planned highways.” – Der Spiegel, the German publication (via the ironically named US website, Hotair.) A few weeks ago, California’s government warned that petrol (sorry, gasoline)-driven vehicles would be compulsory soon, while warning of blackouts. It’s a clown show out there, but who feels like laughing? For a sanity check, I recommend this book, Fossil Future, by Alex Epstein, to my friends, and occasionally to those I want to torment, in my adolescent fashion. Excellent book that gets to the philosophical guts of what is wrong and malevolent about much modern environmentalism. December 2nd, 2022 | 14 comments - (Comments are closed)
For once (yes, it happens) the legal authorities of the EU are in the right, in my view, and their critics are wrong, contrary to what Henry Williams, author of this article in CapX, says. A top EU court has ruled that creating public registers of beneficial ownership, so that everyone can just find out who owns what, is a dangerous loss of privacy. In my view, if people are concerned that X or Y is an owner of a company or trust and that is somehow nefarious, they should get clearance first from a court or suitable legal authority and show some reason for the desire to obtain that data. It is not, in my view, acceptable to put everyone’s beneficial ownership details in the public domain so that journalists and others, many of whom seem to have it in for anyone whom they deem rich, can put this information into the public domain. For instance, public registers means that people can simply go on “fishing expeditions” and dump all kinds of financial data into the public domain, and damn the consequences. Sure, if politicians and the like have questionable financial affairs, some on the libertarian side will think they are fair game, but those whose only “crime” is to be rich or successful will get caught in the crossfire. There are also risks, as lawyers have pointed out, that such owners can be targeted by gangs. This is not paranoia. And paradoxically, the pressure for beneficial ownership disclosure clashes with data protection rules in the EU – known as GDPR. It is arguable that Swiss bank secrecy was a step too far, but there is such a thing as legitimate privacy. Would, for example, the author of the linked article from CapX be happy for there to be public databases, accessible to all, of medical information, etc? (Maybe he is.) We seem to live in an era where due process of law and respect for privacy are forgotten or seen as old-fashioned issues. Being independent of the EU does not mean that everything in the EU is bad or worse than in the UK. Occasionally, the EU gets things right. The key is that decisions rest in the hands of the UK electorate. Financial privacy is not a popular subject, and there are lots of campaigners, sometimes coming from a good place, who think putting everything in the public domain is a good thing. They are wrong, and for once, a court has done the right thing. I doubt, of course, that this debate is over. December 1st, 2022 | 6 comments - (Comments are closed)
I read the following article about the civil unrest in mainland China, caused by anger and frustration over the endless cycle of lockdowns and repression:
My first thought was that maybe the Qatar World Cup has something to recommend it after all (beyond watching the outstanding Brazil football team, which I hope wins it). Maybe the thugs running the CCP and China hadn’t realised that the sight of thousands of fans not wearing masks and having a jolly time (even if beer is not being sold in the grounds – ye gods!) would be seen by the Chinese public. Just as Ron DeSantis’s relatively sane approach to lockdown in the US, or those of Sweden on the same issue, have been impossible for the “sensibles” to ignore, so has the very existence of un-masked folk in Qatar. A further irony is that in the United Arab Emirates, that jurisdiction (not a democracy) managed the pandemic relatively sanely, with strict restrictions for a few weeks, then mask mandates, then vaccines, but normality was restored fairly fast, and done in a way that made sense. I went there on business last November, and colleagues went there in November 2020 when many other places such as Singapore and Hong Kong were completely shut. Hong Kong has suffered immense financial damage and people have left. Public events can have a power beyond the imaginations of those who put them on. I doubt if the crooks and characters who have made the Qatar World Cup possible ever wondered that one result of the jamboree would be to inspire Chinese people to say that “enough is enough” over zero-covid. November 29th, 2022 | 17 comments - (Comments are closed)
“Today’s Autumn Statement was the latest confirmation that at some point British politicians replaced the idea that ‘people should be able to live well’ with ‘pensioners should be able to live well, and damn the rest’. You are expected to scrimp, save, forgo the pleasures of youth, postpone having a family, and possibly never have one, in order that your money and earnings can be directed to the most noble cause there is: propping up the value of rental properties, and paying for the healthcare and pensions of Boomers.” As I noted earlier this week, there is a problem with a lot of people not bothering to get a job, and there are issues there. Some of you have argued that young people, weighed by debt and alarmed by where things are going, are giving up on work and ambition. I think this is a bit glib – gaining work skills and character is still important, for all economic and political weathers. There’s no doubt though that the sort of message coming out of today’s autumn statement by Chancellor of the Exchequer, Jeremy Hunt, is that if you are ambitious and fortunate enough to be earning a lot of money, even more of that is going to the State, and in many cases, to support the older generation. We are seeing, I think, the politics of ageing right in front of our eyes. November 17th, 2022 | 34 comments - (Comments are closed)
“Almost unbelievably, nearly a quarter of our working age population is reported to have some form of long-term illness or disability that in most cases prevents them from working. The numbers are more alarming still among younger cohorts, which theoretically should be the healthiest and most able to work. Among 16 to 24-year-olds, one in eight are being signed off with long term health conditions.” – Jeremy Warner, talking about the state of the UK economy. Let’s be blunt: a large chunk of the population in the UK are lazy, stupid and with all the ambition and zest for life of a lump of concrete. In the 21st Century, it seems frankly absurd that a quarter of the work-age population are ill or incapable of doing anything. It is a disgrace. November 15th, 2022 | 51 comments - (Comments are closed)
Seen on a friend’s Facebook page:
The comment got me thinking that with certain types of protesters, what they want is to protest, period. The last thing they want is for businessmen or politicians to actually do things that are practical or necessary. They crave a cause, and developments such as more fuel-efficient cars, or carbon capture technology, are cases of “shooting their fox”. I get the impression that in much of the West (this seems less so in Asia) a part of the affluent class of young and not-so-young feel they missed out on the “great causes” of civil rights in the 60s, or anti-war protests of various kinds. I think this explains some, if not all, of the rage around the trans lobby and aspects of Critical Race Theory. (Mind you, I haven’t seen a lot of protest from such people about the brutalities of Iran, or Russia’s criminality in Ukraine, or the persecutions against various groups by the Chinese Communist Party.) What we are seeing are the frustrations of those who crave membership of a cult and I think demonstrates the loss of any coherent philosophical anchor in their lives. On a separate and related note on the “green” front, I see that France has banned short-haul domestic flights. So you have to take the train, drive, cycle, ride a horse, or walk. November 10th, 2022 | 32 comments - (Comments are closed)
“Don’t talk to me about Partygate. Don’t talk to me about Suella Braverman’s emails. Talk to me about the fact that a 28-year-old man with devastating injuries was left in unimaginable pain and terror as fire engines drove in the other direction and ambulances stayed away. Talk to me about the fact that our emergency services step back from horrific incidents because of ‘safety fears’. Talk to me about this institutionalised cowardice, where the emergency services now make bureaucratic safety assessments rather than behaving with courage and bravery to assist people in dire need. Avoiding risk is a completely surreal principle for the emergency services to adopt. These people should take risks. They should be rushing into danger to help the men, women and children facing that danger.” – Brendan O’Neill, writing about the descriptions of shocking slowness by emergency services around the time of the Manchester terrorist attack of 2017. (Here is a link to the second report into the brutal attacks, and how services did, or did not, respond.) November 4th, 2022 | 24 comments - (Comments are closed)
As Madeleine Grant in the Daily Telegraph (£) notes today, it is a bit rich for people who dislike the fiscal austerity measures of the UK government to focus on the “mini-budget” tax cuts (now mostly reversed) of the recent Liz Truss administration, or Russia’s attempted conquest of Ukraine. To ignore the costs of lockdowns and mass furlough schemes seems particularly convenient for those, like the Labour opposition as well as many in government, that seemed to be positively enthusiastic not just about lockdowns, but about the idea of shuttering society. (And of course the current Net Zero insanity sort of plays to this authortarian mindset that seems to have arisen lately.) Thus:
It is absolutely vital that this point is hammered home. Classical liberals simply cannot let the narrative of “Ukraine/Truss caused our pain” BS to flourish, in the same way that “capitalism caused the 2008 financial crash” nonsense. Narratives matter. They must be countered, vigorously, and mocked at every opportunity. And it is also important to remind people that we have had 20 years of central bank money printing (remember, this stuff was going on way before the 2008 crash) to have created part of the condition for our plight today. Update: Here is a link to Rudyard Kipling’s work of the title used on this posting. November 2nd, 2022 | 9 comments - (Comments are closed)
“The globalisation of Hallowe’en, however, is a bit of a problem. Unanchored from any cultural connection, it has now become a gigantic exercise in mass scariness. I wonder if this contributed to the tragic crush in South Korea on Saturday night which killed more than 150 people. Those Christians who say that Hallowe’en is satanic are being too literal-minded. It is, in principle, harmless. But it would help if more people knew its context. Hallowe’en is short for All Hallows’ Eve, ie the eve of the day which commemorates all holiday people ie, the eve of today, All Saints’ Day. Tomorrow is All Souls’ Day. Take the three days together and you get the balance right.” – Charles Moore. Of course, expecting people to grasp these points is a bit of a stretch. How can one make All Souls’ Day work on TikTok? On November 5 we have the Guy Fawkes’ Day. November 1st, 2022 | 16 comments - (Comments are closed)
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