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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There is now a very high chance that Eurotunnel, the Anglo-French consortium operating the Channel Tunnel rail-link between London and the continent, could be liquidated by this September, having failed to reach a key agreement earlier this week with creditors. The saga of how the operator would persuade a group of banks to let it restructure a huge pile of debt has been chugging along for months. Now there is a real risk that this marvel of civil engineering could be known as one of the biggest transport commercial flops in history. The free-marketeer in me says well, the venture was never based on fully commercial grounds in the first place. The folks concerned probably no doubt rightly thought that if the project was a flop, then the fortunate taxpayers of Europe would pick up the tab, just as they did with that other venture of high-tech wonder and dubious economics, Concorde. The romantic in me would be very sad to see this wonder of rail come to an end. I have used the Eurotunnel service several times, both for work and for short breaks to France in recent years. Every time I have marvelled at the smoothness of the service, only occasionally marred by delays in the English side of the operation, or by the odd rude French ticket inspector.
It certainly beats messing around in airport lounges, that is for sure.
More here on the arrest of Labour head fund-raiser Lord Levy over allegations about tapping up folk for party donations in return for peerages. (See Alex’s post immediately below this one). First question: is this really the silver bullet that might finish off Blair? He has shown incredible resilience in the face of a huge dollop of scandals since 1997: Bernie Ecclestone affair, Mandelson’s various transgressions, a delinquent and violent deputy Prime Minister; Cherie Blair’s interesting spending habits, David Blunkett’s abuse of office and manifest failings, the sheer uselessness of his successor, Charles Clarke; the suicide of government scientist David Kelley and the whole spin-doctoring of arguments about WMDs in Iraq. In less than 10 years, the Labour government has established a record for venality, corruption and rank incompetence that it took the Tories 18 years to acquire. Quite some achievement, of sorts. Of course, although its economic record is not quite as splendid as some would claim, the relatively-good performance of the economy under Gordon Brown has kept the government of the day in reasonably good shape.
But for how much longer can even this part of the Blair record be relied upon? Yesterday, the Bank of England warned in one of its regular publications that there remain significant risks in the UK financial system, particularly concerning the amount of debt and consumer borrowing there is. Our public finances are slipping deeper into the red despite what has been a relatively decent run of economic growth, so goodness knows how bad those finances could get if there were to be a serious slowdown, or some shock to the financial system.
As a side note, it would be churlish not to praise indefatigible digger-up of news about the Levy saga, blogger Guido Fawkes. If I were the publisher of Private Eye magazine, I would be worried about the competition. Guido has been all over this story for weeks.
“We continue to “mind the gap”. The subject has not lost its power to provoke and wound and illuminate. We still talk quite a bit about it in various ways: journalistic-facetious, or pretend-anthropological, or even old-fashioned snobbish. But that does not mean that we are at all comfortable with the subject. On the contrary, we are often decidedly uneasy when it is brought up, and we do not care for it when the question of class is described as “Britain’s dirty little secret”. We tend to be especially resentful when the Americans or the French describe Britain as uniquely class-divided.” (page 105)
“We are often told that deference has disappeared from modern Britain. Yet the adulation of the rich and famous is surely as fulsome as ever. In hotels, restaurants and aircraft – the sites of modern luxury – the new upper crust is fawned on as egregiously as old money in its Edwardian heyday. All that has changed is that the composition of the upper class has changed, as it has done roughly once a century since the Norman Conquest…..what has almost disappeared is deference towards the lower classes. Throughout the two world wars and the decades following both of them, the lower classes were widely revered for their courage in battle and their stoicism in peace. Values such as solidarity, thrift, cleanliness and self-discipline were regularly identified as characteristic of them. That is no longer the case.” (page 107)
Mind the Gap, by Ferdinand Mount 2003. Definitely food for thought, and despite the title, is not a plea for some sort of mushy egalitarianism. I thought about this book while reading the comment threads here bemoaning the rise of the middle class football fan as some supposed frightful imposition on a working man’s game. We still bother about class, it seems.
In case anyone missed it, here is a fine article summing up what I think is the truth behind the case of the three NatWest bankers who are to be extradited to the United States on charges related to the collapse of Enron. The author, business writer Jeff Randall, fingers what he sees as the reason why the banks have been so coy about defending their employees from the U.S. legal authorities.
Unlike Stephen Pollard, who huffs and puffs about how this controversy is largely a matter of anti-Americanism, I do not like the smell of this case at all. I think Pollard’s argument – which has its merits – misses the point of how one-sided the operation of U.S. extradition powers are. These men are not regarded by the British authorities of being guilty of any offence. The U.S. authorities appear not – to the best of my knowledge – to have given even the semblance of a prima facie case justifying the extradition of this trio. And yet as the article points out, while the U.S. can use these powers – supposedly justified by the War on Terror – Britain has no corresponding right to extradite alleged U.S. wrongdoers (powers associated with terrorism have a habit of branching out).
As with the British blogger Clive Davis, I am a pro-American who also thinks the U.S. authorities sometimes do a lousy job at treating what they should regard as their close allies. Okay, I can hear the comments coming that even if they did a great job, it would make no difference. I am not so sure. While I agree with Stephen Pollard that U.S. authorities are arguably right to get nasty on financial wrongdoings and are often tougher than we Brits, this use of extradition powers looks a step too far. It does not strike me as smart diplomacy or right law, and I hope, perhaps naively, that the British government shows rather more backbone on this case than hitherto.
Here is more on the story, and more here.
UPDATE: And of course let’s not forget the continuing outrage of the EU arrest warrant. I should have mentioned this fact earlier, in case our American readers think I am picking on them.
The June edition of technology, futurism and culture magazine Wired has a fascinating piece by Steve Silberman about growing government restrictions in the United States on home-chemistry kits and how this could bar children from learning from, and getting excited by, science. Instead, children are likely to increasingly encounter chemistry and science not up close in a lab and by playing around with kits, but via video or school labs where experiments are conducted in highly protected environments. I can see the thought process here: “If youngsters get home-kits to make chemical experiments, then the odd potential bin Laden brewing up a concoction in his bedroom could go out and try to blow people up.” Small-scale amateur rocketry has already experienced similar bans or restrictions on stuff like the fuel used (“some nut might shoot a plane out of the sky!”).
But the security services are missing the “Pack not a herd” point of Glenn Reynolds and others: namely, that in a rich civil society where lots of people have hobbies and interests including messing around with chemistry, physics and technology in their spare time, it creates a natural “social capital”, if you will, of people who can prove mighty useful in an emergency. The same edition of Wired magazine has an article on how companies like Proctor and Gamble use home-based scientists – what Wired calls “crowdsourcing” – to fix problems that their own in-house professionals take more time and a lot more money to solve. If I were a defence or security official, instead of treating all amateur scientists as potential trouble-makers, I’d co-opt them, issue prizes for new ideas, and so forth. I suppose this links to my point below about the value of X-Prize contests.
So by all means be vigilant in the fight against terror. But if geeky children want to learn more about chemistry at home, I think that is a healthy thing to be encouraged. Our ancestors, such as these fellows, who often arrived at scientific breakthroughs after exploring scientific ideas in a far less regulated environment than today, certainly would have agreed.
I have read Andrew Sullivan’s blog pretty much from the moment he started it. I have a natural sympathy for anyone who defies conventional stereotypes, and a man who is Catholic, gay and a small-government Reaganite conservative, a fan of Madonna and Michael Oakeshott certainly breaks more sterotypes than most. He has been magnificent in taking a stand on the issue of torture, for example. But even our heroes – and Sullivan is one in my eyes – have their feet of clay or views that I regard as stand-out dumb. And on the issue of cars, Sullivan (who does not drive) reverts to nannystatism in all its ugly glory. He endorses an article by Jonathan Rauch arguing that President Bush should press for an international pact to phase out the use of gasoline in cars over the next 30 years. Oh great. So do we humble, much-harassed motorists get a say in this? Don’t give me a line about how this would be ‘democratically’ decided. Oh yeah. Why not leave it to the market, already driving new alternatives to petroleum-based engines? If the real price of oil continues to be high, as it is at the moment, then we will get more hybrids, more hydrogen-powered cars, more innovations and new transport sources, without the need for some Grand International Treaty or 30-year deadline. If Bush did make such a pronouncement, how seriously would anyone take it? Would it not be regarded as the sort of ‘eye-catching initiative’ one has come to associate with our own Tony Blair.
A far better idea, in fact, would be to rely on innovation contests such as the X-Prize to encourage new technologies rather than go for a big Treaty with a deadline. Now that strikes me as the sort of idea a small-government advocate like Sullivan should be pushing.
I can understand the wish to reduce use of oil from the Middle East and curb C02 emissions. But in my gut I feel that Sullivan and others like him just don’t like cars very much and are mystified by most American’ love of a set of wheels (clue, Andrew – America is seriously BIG). Sullivan has lived in the States now for more than two decades, but I fear that in some way, the fella never really left this little damp island known as Britain.
I recently read This is Burning Man by Brian Doherty, chronicling the remarkable phenomenon of the Burning Man annual festival/event/blowout in the middle of the harsh Nevada desert. Despite the occasional slip into Sixties hippyspeak which might suggest a sort of communalistic mushiness, the book contained at its core the profoundly rational message that we can enjoy civil society by reducing the state to its barest minimum. Very subversive of statism, Doherty writes with obvious passion for the festival and affection for the often nutty but loveable characters who have developed the event. A great way to while away the hours while waiting to catch my delayed flight out of Nice after a business conference yesterday. Money quote:
“Any political virtue I saw in Burning Man always had to do with its avoidance of politics as I see it – the game of some people telling other people what to do. Burning Man to me was about liberty, and ordered anarchy, the inherent strength and possible joys of a civilisation in which all the “government” you need can be purchased in a freely chosen market.”
I may even go there one day and try and combine a Burning Man trip with a visit to the magnificent Reno air race festival. Yowza!
Like many folk, I get my fair share of free newspapers pushed through the letterbox. These publications live on advertising and in some cases are quite useful, full of details about local plumbers, plasterers, doctors, new restaurants and the like. In my central London neighbourhood of Pimlico, there are a few of these things floating around. I normally give them a cursory glance and either jot down any handy numbers or put the rag into the trash.
The Pimlico and Belgravia Eye has this interesting ad which definitely caught my eye (not available online):
The latest craze hits Pimlico, Victoria!. Experience the ultimate sense of self expression. Not only is it an alternative form of fitness, but it is an overall empowerment source for women. Whether you want to learn new moves for personal enjoyment or for professional career development, we have just the class for you… Students are from all walks of life, ages, shapes and sizes. The school is designed for all levels of experience – total beginners, professional dancers and even aspiring pole dancing performers.
Pole dancing – now associated with ’empowerment’ and ‘professional career development’. Say what you like about we stuffy Brits – there is none of that stuffyiness in deepest Pimlico.
Here is their, ahem, website.
This story about a drugs bust at a drive-thru restaurant may get some folk chuckling but I am not getting the joke. One of thousands of examples, in fact, of how the war on drugs is a waste of time, energy and law-enforcement talent. At a time when we live with the threat of terrorism, one would like to think that priorities were a touch different on both sides of the Atlantic.
Football, whether you love it or loathe it, is now a huge global business. It stands to reason, then, that the temptations on the part of some folk to bend the rules to make themselves rich are considerable. There are currently extremely serious allegations surrounding a number of big-name Italian clubs, including AC Milan and Juventus, to the effect that officials and others collaborated to fix games. And all this while the game’s main showcase, the World Cup, is going on.
And then there is this story today:
Juventus team manager and former defender Gianluca Pessotto has been seriously injured after falling from a building at the club’s headquarters.
“Gianluca suffered multiple fractures, but his life is not in danger,” said Juventus spokesman Marco Girotto. It is unclear where exactly the 35-year-old fell from – early reports suggested he had fallen out of a second-floor window, but now it seems he may have fallen from the roof of the building. Club officials said they were unable to give details and were looking into all possibilities.
Oh I bet they are. Consider the final paragraph of the story:
Juventus are currently facing charges relating to the massive match-fixing scandal rocking Italy. The scandal began last month with the publication of intecepted telephone conversations between former Juventus general manager Luciano Moggi and Italian Football Federation officials discussing refereeing appointments.
Italian clubs are now a major part of the corporate structure of that country. Questions about the trustworthiness of Italian corporate leaders have already been stirred by the scandal of collapsed food group Parmalat, a scandal that was a European equivalent of Enron or the Fannie Mae debacles.
Football needs trust to survive. The antics of players who writhe in fake agony after being tackled in a bid to get an opposing player sent off, or who fall over in the penalty area to get a goal (Italy arguably did this in the match yesterday against Australia) are part of a cancer eating at the game. I can put up with the antics of footballers off the pitch and I do not get upset at their huge salaries – they operate in a market after all – but without trust, without a sense that the players concerned are giving their all to win, then the game is in grave danger. Similar scandals have besmirched cricket and remain a shadow over horse racing. I hope the Italian authorities prosecute any guilty folk severely. If found guilty, some of the clubs could be relegated from the top-flight league and forced to sell some of their star players, presumably at a loss (I wonder if Ipswich Town can afford any of them?).
What a mess.
The American standup comedian and actor Denis Leary has a wonderfully raucous sketch in his Lock n’ Load show when he loses his temper, unable to get someone, anyone, to serve him a regular, ordinary cup of coffee. You feel for the irascible Irish-American as the fella goes on his folorn search (he fails).
Coffee. I drink the stuff every day and there is no doubt that in my brief lifetime, it has gone from being the nasty stuff brewed from ‘instant’ granules in a jar to a massive industry boasting tremendous variety and choice. Companies like Coffee Republic and of course, Starbucks, have played a huge part in this. Sometimes the sheer headspinning variety of choices and the names of some coffees bring out the Denis Leary in me, but on the whole I have to accept that this choice has done a lot for the consumer. There is a fine article here by Edward Hudgins of the The Objectivist Center defending Starbucks and other chains from the chidings of our modern-day health scolds. There is also a fine and detailed article here via Reason magazine about the Fair Trade coffee movement. While fairly friendly to the Fair Trade outfits, the article, written by Kerry Howley, also raises some uncomfortable questions about just who wins or loses from the Fair Trade business model, and whether it is really simply about feel-good consumerism, benefiting poor farmers or just raising the quality of coffee. However, it is a paradox that the Fair Trade model has become a hugely successful business phenomenon. The FT brand is ironically, pitched at precisely the sort of folk who might claim to despise brands generally, writes Howley, in a passage reminiscent of David Brook’s work, Bobos in Paradise:
“The hippie spilling buckets of ake blood may never break bread (or sip coffee with straight-laced businessmen talking quality, but the consumer has little to lose from a synthesis of strong words and strong lattes. Another Starbucks, a better coffee, a calmer conscience: What caffeine fiend can argue?”
Related thoughts here.
European steel giant Arcelor looks as if it is going to be bought by the Indian Mittal family company. If the ink is allowed to dry on this deal, it will create the world’s biggest steelmaker and do so at a time when metal prices have been rising strongly, as have pretty much most other commodities.
That India’s economy has been on the rise is pretty much a part of the received economic wisdom these days. What is clear, though, is that country is a lot more than about lots of call centres. It is becoming a breeding ground for a whole crop of entrepreneurs able and willing to take on the biggest businesses in the established industrial world and where necessary, put a few noses out of joint in the process.
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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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