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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The Ukraine is not exactly famed for its high standards of probity and decency in the field of business, as this article suggests. It was certainly a bit of an eye-opener to see this failed, disgraced British cabinet minister, Stephen Byers, on the slate to opine at a conference all about the marvellous business opportunities out in that country. Great. The man who confiscated the assets of Railtrack shareholders – in retrospect a key point signalling the true intent of New Labour towards investors – is considered worthy to share his thoughts about encouraging enterprise in the Ukraine. Riiiight.
Perhaps in a fairer spirit, though, there may be a good case to make for economic opportunities in that country, and I could not help noticing that the organising firm of the conference goes by the moniker Adam Smith (no relation, it seems, to the Adam Smith Institute). It does strike me as mighty odd that a character like Byers should be prime billing at such an event, though. The citizens of that nation surely deserve better.
Events in UK politics are moving so fast at the moment that it is hard to know what will be the composition of the British cabinet by the end of this Bank Holiday weekend. Reuters, along with other news media is reporting that five of the foreign nationals released from British gaols – who should have been deported back to their original countries – have re-offended. The scandal of the released overseas prisoners back on the British streets looks set to send Charles Clarke down the political U-bend.
All very bad and I weep no tears for the jug-eared Home Secretary. A thought does occur to me, though. We make a fuss about foreign prisoners being released onto the streets rather than being deported, and of course a primary duty of a government is to protect its citizens from foreign menaces. But many thousands of British-born prison inmates who are released from often pathetically short sentences re-offend too. A few years ago I was mugged, an experience all too common in London, and it is frankly no difference to me whether the person was a foreign re-offender or British.
The negligence of Clarke’s department means he must resign, in my view. But let us not, in our understanderble desire to send these creeps, fools and knaves to the political dustbin, ignore some rather basic facts of penal life. My problem is not simply that we should send offenders back to their country of origin, it is that we send them to prison for often insanely short sentences in the first place.
Well, I guess one has to admire the guts of these fellows:
A group of 100 shopkeepers in Palermo, the nerve centre of the Sicilian Mafia, have staged an unprecedented rebellion against the Cosa Nostra by refusing to pay protection money. Until now, almost every business in the Sicilian capital has quietly paid off the Mafia or faced retribution. But since Bernardo Provenzano, the 73-year-old “boss of all the bosses”, was arrested two weeks ago after decades in hiding, the island’s anti-Mafia movement has gathered momentum.
This may end badly, I fear.
In his classic demolition of Big Government, Parliament of Whores, P.J. O’Rourke explains that one of the keys to explaining how govermment can spread its tentacles and prove so hard to roll back is that its very size makes it hard for anyone, even a smart reformer, to understand. The bafflement that one experiences when looking at the extent of the state is part of why it stays big, he argues.
I was reminded of this by the sheer contrast with what used to be the case. As William Hague points out in his excellent biography of 18th Century UK statesman Pitt the Younger (now out in paperback), Pitt had hardly any resources at all in his brief spell as Chancellor of the Exchequer. There were no civil servants or secretaries, no armies of bureaucrats. Nothing. Nada. Zip. And when Pitt entered 10 Downing Street, the actual size of the state engine at his command was just as meagre, even though this was a government that was to wage war against Bonaparte, deal with the growth of an empire in India and the effects of the Industrial Revolution.
Ponder on that, Gordon Brown.
When people in public offices start bleating about a conspiracy of private firms to screw the public, it is usually a sign that said public official is trying to spread a profound misunderstanding of market forces, or is an idiot, or is trying to name a scapegoat to shore up public support. In the case of President George W. Bush – not exactly the brightest light in the harbour – it may be just be a combination of all three.
Anyway, veteran libertarian scholar and free marketeer Tibor Machan is having none of it.
Oil prices are high – though in inflation adjusted terms, not as high as in some periods. The reasons for this have nothing to do with the nefarious activities of Big Oil. It is caused by rising demand from the expanding Chinese and Indian economies; a lack of supply caused by low investment during the 80s and 90s when crude prices fell to below $10 per barrel at one stage; a lack of refining capacity for the same reason; regulations designed to cut pollution, which raise production costs, the interruptions to supplies from the Middle East because of the conflict there, and finally, an element of speculation from hedge funds and the like.
Adam Smith famously warned of the dangers of firms forming cartels to prop up the price of a particular good or service, although in practice such cartels tend not to last very long unless they can enlist support from governments in some ways to prevent new companies from entering a market. If Exxon, say, tried to do a deal with Shell to rig the price of gasoline at X dollars a gallon (not litres, dammit) then sooner or later another firm would see a market opportunity to undercut that price, and in an age when motorists can check prices on the internet, it is hard to see how this process could be stopped without State intervention.
Conspiracy theories are great fun, and I hate to be a party-pooper, but in 99 times out of 100, they are bunk.
The other day I received a letter which contained this message: “Darling, I adore you and I cannot live without you so if you don’t marry me I’ll kill myself”. I was rather disturbed by this and even more so when I saw that the letter was addressed to “occupant”.
The inimitable Tom Lehrer, composer of ‘Poisoning Pigeons in the Park’ and other gems.
Gary Jason – a writer I had not heard of before, has an interesting review about a book chronicling how filthy rich some prominent American leftists are. The usual collection of intellectual gargoyles are on show: Ralph Nader, Nancy Pelosi and Michael Moore. I must admit I was taken aback as to how much money Nader is worth, although that is probably my naivete. Jason asks the interesting question about how leftists who decry business are so easy with a life of affluence, and takes a stab at a few answers.
For example, I rather liked this paragraph:
I suspect that there is also a subtler phenomenon at work, one that I would call “warding off the evil eye.” I suspect that some successful people — here I have in mind certain businessmen who have become enormously rich — fear that the envious lower classes will possibly do them harm. Considering the long history of class warfare politics, this is not an irrational fear. To ward off envy, these captains of industry make a conspicuous show of being kind and caring, setting up foundations that prominently feature their names.
This sort of ground has been trodden a few times before. What intrigues me is why there are so few seriously, stinkingly, rich folk on the libertarian side of the street, so to speak. There are a few libertarian friends of mine with decent jobs, nice houses; some have inherited fairly serious money and do not have to work; but I don’t know any of our number who has the sort of wealth described in Jason’s book review. It is a paradox that celebrants of capitalism and market economics are often on their uppers, financially, in my experience, although my impressions are just that, impressions.
I guess it may be partly down to the fact that folk who are good at handling ideas and making arguments for this and that tend not to have the sort of skills to make pots of money. It may also be that, in today’s largely corporate world, being known as a holder of controversial ideas (such as legalising heroin, zero state welfare, etc) is not good for the prospects of a person trying to clamber up the corporate ladder. And if a person wants to create their own business, they tend not to have the time to ponder the Big Questions, write The Road To Serfdom or Atlas Shrugged.
Even so, it remains for me a bit of a puzzle why so few of us are not rolling in cash, given our views about the benefits of the marketplace.
On a related theme, I can recommend this article on why intellectuals often hate capitalism, by the late Harvard University professor, Robert Nozick, and this book, by Ludwig von Mises.
I guess creationists, or the Intelligent Design crowd, will not be too amused by this story.
Frank Furedi, the British sociologist who has already established a bit of a record for trashing doomongering of various types, lays into what he sees as the misanthropy of so many of today’s glum authors. I cannot do justice to it in one short comment, so make yourself a coffee or pour your favourite alcoholic beverage, sit back, and enjoy:
Human beings are not angels; on a bad day they are capable of evil deeds. But the very fact that we can designate certain acts as evil shows that we are capable of rectifying acts of injustice. And on balance we aspire to do good. Contrary to the fantasies of romantic primitivism, civilisation and development have made our species more knowledgeable and sensitive about the workings of nature. The aspiration to improve the conditions of life – the most basic motive of people throughout the ages – is one that has driven humanity from the Stone Age through to the twenty-first century.
If believing in the human potential is today labelled ‘anthropocentrism’ and ‘speciesism’, then I wholeheartedly plead guilty to subscribing to both of those views.
Hat-tip: Ronald Bailey at Reason’s blog. Bailey is also a profound techno-optimist with little time for the zero-sum economics or mentality of the latter-day Malthusians that Furedi hammers. This book is worth adding to your reading list. (As if I did not have enough, Ed).
It is seldom that liberty of any kind is lost all at once.
– David Hume, one of the giants of the Scottish Enlightenment. I wonder what he would have made of our own times?
I see that the Labour Party has decided to bash the Conservatives, led by David Cameron, using the image of a chameleon riding a bicycle. Ouch. I am not sure what is more damning: the chameleon image or the bike. Of course, this blog has already vented a fair deal about the supposed limitations of Cameron, so I will not tarry long on this point, other than to say that some of the fizz seems to have gone out of the Cameron charge of late, although it may be that he is simply waiting and watching while Blair, enmeshed in scandal and policy paralysis, meets his political Waterloo. I am still unconvinced whether Cameron will play a convincing Wellington, however.
Nice to see that those superannuated rock legends, the Rolling Stones, brushed aside the dictates of Chinese censors and bashed out some of their naughtiest tunes at a concert in China. Mind you, I cannot really see these guys going on much longer.
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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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