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.
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“Labour willing to force pension plans to invest in £50bn ‘growth fund’”, reports the Financial Times.
Labour is prepared to force pension funds to invest in a proposed £50bn “future growth fund”, as the party aims to boost the amount of capital available for fast-growing UK companies.
Rachel Reeves, shadow chancellor, said she did not believe Labour would need to mandate retirement schemes to invest in the new fund because of the goodwill in the sector, but added: “Nothing is off the table.”
Speaking to the Financial Times on a three-day visit to the US, she said she also wanted to accelerate the merger of smaller UK pension funds so as to consolidate a fragmented market.
Reeves, who visited the New York Stock Exchange on Monday, said she wanted to change the culture of Britain’s savings industry, unleashing homegrown funds that could persuade UK companies to list in London.
She also wants pension funds to work alongside the state-owned British Business Bank to improve the UK’s “start up, scale up” landscape, with Labour warning that the country is trying to do “capitalism without capital”.
Reeves said: “A lack of confidence in Britain’s economy has led to too many businesses leaving our shores.”
Confidence in the British economy is not likely to be improved by the woman who will probably be the next Chancellor of the Exchequer announcing that she has so little confidence that pension funds will invest in it voluntarily that she thinking about making them do it by force. It would be unfair to call this the Walter Ulbricht strategy. Unlike Comrade Ulbricht, who said “No one has the intention of erecting a wall!”, Ms Reeves has sportingly given pension funds warning of her intentions so they can get out before the wall goes up.
Investments can go down as well as up. The record of the state in “picking winners” is particularly poor. British workers are not going to be happy bunnies if their pensions lose value because a Labour government forced them to put some of their pot into risky start-ups that venture capitalists wouldn’t touch.
“‘In a lot of the world, the clock has hit midnight’: China is calling in loans to dozens of countries from Pakistan to Kenya”
– Bernard Condon and the Associated Press in a major article for Fortune magazine.
Here are some excerpts from the article that struck me:
In the past under such circumstances [debtor countries being unable to make interest payments], big government lenders such as the U.S., Japan and France would work out deals to forgive some debt, with each lender disclosing clearly what they were owed and on what terms so no one would feel cheated.
But China didn’t play by those rules. It refused at first to even join in multinational talks, negotiating separately with Zambia and insisting on confidentiality that barred the country from telling non-Chinese lenders the terms of the loans and whether China had devised a way of muscling to the front of the repayment line.
And
Along with the usual mix of government mismanagement and corruption are two unexpected and devastating events: the war in Ukraine, which has sent prices of grain and oil soaring, and the U.S. Federal Reserve’s decision to raise interest rates 10 times in a row, the latest this month. That has made variable rate loans to countries suddenly much more expensive.
All of it is roiling domestic politics and upending strategic alliances.
In March, heavily indebted Honduras cited “financial pressures” in its decision to establish formal diplomatic ties to China and sever those with Taiwan.
Last month, Pakistan was so desperate to prevent more blackouts that it struck a deal to buy discounted oil from Russia, breaking ranks with the U.S.-led effort to shut off Vladimir Putin’s funds.
And, which I did not expect, → Continue reading: China calls in the loans
England came fourth out of the 43 countries that tested children of the same age in the Progress International Reading Literacy Study (PIRLS), announces the government. Singapore, Hong Kong, Russia, England. Yes, dear highly literate Samizdata readers, your own reading skills have not failed you. English schoolchildren are the fourth best readers in the world and the best in Western Europe.
Pinching myself, I offer my sincere congratulations to England’s teachers and to the Department of Education, in particular Nick Gibb MP, the Minister of State for Schools. Mr Gibb is serving the third of three non-contiguous stints in this ministerial role. That suggests he is genuinely interested in education, and indeed his Wikipedia biography says “Gibb is a longstanding advocate of synthetic phonics as a method of teaching children to read”. He himself says, “Our obsession with phonics has worked”.
Tomorrow I will get back to calling the teachers “the Blob” and the government “the government” in a voice that suggests I can think of no worse insult. Today, I give credit where credit is due. For British education nerds, this is like our own little 1989. OK, perhaps that is over the top, but a wall that seemed no more than slightly cracked as recently as January 2022 has finally fallen. By the “wall”, I mean the side in the so-called “Reading Wars” that wasn’t phonics. The Not!Phonics side has had many names, “Look and Say”, “Whole Word”, “Whole Language”, and most recently “Balanced Literacy”. That last name was an attempt to paper over the cracks in the wall. Or perhaps, since I am allowed more than one metaphor, it was a deliberate breach in the wall of a dam, done in an failed attempt to stop the whole damn dam wall collapsing.
To see what the wall looked like in the days of its Krushchev period, discredited but still seemingly impregnable, read this 1998 paper that Brian Micklethwait originally wrote for the Libertarian Alliance: “On the Harm Done by Look-and-say: A Reaction to Bonnie Macmillan’s Why Schoolchildren Can’t Read”, and this one written in 2002: “The Failure of Politics and the Pull of Freedom: Reflections on the Work of the Reading Reform Foundation.” I wish I could ask Brian what he thinks about this now, but thanks to the Brian Micklethwait Archive you can see what he thought about it then, and be reminded that truth stays true. Read those two papers and you will know most of what you need to know about the battle that raged across the Anglosphere over how to teach children to read, including these cynical words of wisdom:
The phonics-persons have pretty much proved their case, probably even in the eyes of many of the look-and-say people. But the look-and-say “experts” at the DfES are in an arkward position. (The inverted commas around “experts” being there because these people don’t know things which are true, they “know” things which are untrue.) Suppose their bad techniques are completely swept away and completely replaced by completely good ones. The teaching of literacy in schools would leap forward. A mass of seemingly “complex” problems, like the recent huge rise in “dyslexia”, the spiralling cost of “special needs” education, and the general inability of several generations of people to learn how to spell, will be revealed as not so complex after all. These problems will be revealed to all as having been caused by the government’s own literacy “experts”. Thus it is that even – especially – those “experts” who have been completely convinced of the wrongness of their own former opinions now face a huge, career-saving incentive to perpetuate their follies as much as they can, to disguise the enormity of the disaster they have caused.
*
That would have been a fine, dramatic line with which to end the post, but I must add → Continue reading: English children ranked fourth in international reading test. Yes, really.
This first-person account by Jim Newell of Slate is being widely quoted: “A Brief, Concerning Conversation With Dianne Feinstein”
It was about a minute later that I encountered Feinstein coming off an elevator, sitting in a wheelchair and flanked by staff. It’s been hard to find the senator since her return; she’s kept her movements mostly to the least-populated passageways and skipped luncheons and non-urgent committee hearings.
I asked her how she was feeling.
“Oh, I’m feeling fine. I have a problem with the leg.” A fellow reporter staking out the elevator asked what was wrong with the leg.
“Well, nothing that’s anyone concern but mine,” she said.
When the fellow reporter asked her what the response from her colleagues had been like since her return, though, the conversation took an odd turn.
“No, I haven’t been gone,” she said.
OK.
“You should follow the—I haven’t been gone. I’ve been working.”
When asked whether she meant that she’d been working from home, she turned feisty.
“No, I’ve been here. I’ve been voting,” she said. “Please. You either know or don’t know.”
After deflecting one final question about those, like Rep. Ro Khanna, who’ve called on her to resign, she was wheeled away.
Senator Feinstein, who is 89, appears to have forgotten that she was in hospital with shingles for two and a half months.
The left wing journalist Mehdi Hasan tweets,
If you’re a Democratic senator and you’re not at least privately urging Feinstein to resign, and urging Schumer and Durbin to take action, you have failed the people who sent you to Congress. You’re lying to yourselves that this 👇🏽 is *okay*
He is right, but Feinstein’s is not the only photograph that could be placed below that downward-pointing finger.
In the old days, many U.S. cities were ruled by political machines. They were corrupt. But, by and large, they swept the streets and kept crime down. Because “Raise Dead” is a difficult spell to cast and there are limits to what “vote early, vote often” can do, the Machine often served as a vehicle to protect and advance minority groups in exchange for their mostly-genuine votes. Most famously this applied to the Irish but it was often also the case for African Americans – long before that term came into use, their potential votes meant that the Boss had an incentive to keep them on side too. For instance, this article about the Prendergast Machine in Kansas City says,
One of the defining aspects of “Boss” Thomas J. Pendergast’s “machine” politics was its approach to African American voters. During the early 20th century, at a time when black people were routinely excluded from the vote by Democratic regimes in most of the former slave South, Pendergast’s Democratic organization in Kansas City succeeded in part by attracting considerable black support. While such support was not unique to Kansas City—black Missourians never lost the vote in the same way or degree as their counterparts farther South—historians often point to the city as an example of early black political realignment toward a Northern Democratic Party based in urban, industrial centers and at increasing odds with its Southern wing over the issue of civil rights.
Far from beginning with “Boss Tom,” however, this approach to black voters had a long history – longer than some historians have recognized.
Boss Tom, Boss Tweed and their equivalents for other American cities of the Gilded Age were probably worse individuals than those who rule those cities now. They were more likely to have people beaten up or murdered – but less likely to allow conditions to arise in which people are regularly beaten up or murdered by crazy people in public spaces. As this New York Post article notes, killings in the New York City subway system since 2020 have skyrocketed to the highest level in 25 years, even amid plummeting ridership numbers. For the ordinary citizen, that is a change for the worse. You could stay out of the way of the Boss but the poor have no choice about using the streets or the subway.
What changed? The other day I posted about the way that the the rising number of drug addicts and mentally ill people living semi-permanently in public spaces challenges many libertarian beliefs about mental illness. I think a comment by Roué le Jour to that post nails it:
The state’s attitude to the homeless can be easily understood if you assume the state’s priority is to be a big as possible. The poor, the unemployed, the homeless and the criminal are a valuable resource for generating ever more government jobs. The last thing the state wants is for these client groups to become productive citizens.
Since the era of Machine politics, the State has expanded greatly, both in terms of the number of people employed by it and in terms of the welfare payments it gives out. I doubt that even now the numbers of vagrants street-dwellers are enough to make them a bloc worth being courted in their own right, particularly as they do not usually vote, but the number of state employees tending to them and everyone else is so large that it has burst the bonds of patronage. The days when it mattered that the Boss could give or withhold a specific post, when government jobs could be seen as an inert mass of sustenance to be carved up and distributed, are long past. The Blob has its own life now. It is no longer food. It hungers.
‘Government insulation scheme ruined my home’ is the headline of this BBC piece about a man who says his flat has been ruined by black mould caused by a government “green” insulation scheme. The words “insulation” and “home” could be replaced by many other words and the headline would still hold.
Although the piece describes Blaan Paterson as a “homeowner”, it seems from the text that his ex-council flat is still under the control of South Lanarkshire Council to some extent. He insists he was signed up to the Universal Home Insulation Scheme (UHIS) in 2011 without his consent.
Things done by governments to people without their consent often turn out badly.
Things done by governments for people who grab them with both hands under the impression that they are getting a free benefit often turn out badly, too. “Don’t look a gift horse in the mouth”, goes the proverb. Buyers have an incentive to think carefully about whether a proposed purchase is wise before they commit their money. Recipients of free stuff don’t. The incentives on government contractors not to think about whether insulation is right for a particular property are also strong.
Tom Woolley, a semi-retired professor of architecture, has been highlighting “cavity wall insulation disasters” for a number of years.
He has also advised pressure group Cavity Insulation Victims’ Alliance (CIVALLI), which has given evidence at the UK Parliament and Welsh Assembly.
He told BBC Scotland: “The problem with filling up the cavity either with glass fibre and perhaps, to a lesser extent, polystyrene is that it stops the building ‘breathing’.
“Vapour collecting in the building or dampness that gets into the walls can’t escape because it’s blocked up by this stuff.
“It tends to lead to dampness and mould inside the houses. We have plenty of evidence of this. I would say there are hundreds of thousands of examples of this throughout the UK.”
The first few dozen grownup books I read were an odd selection. As I sampled them almost at random from my parents’ bookshelves, I became dimly aware that my parents were different people from each other, were different from what they had once been, and read books by people with whom they disagreed. Alongside the works by G K Chesterton and C S Lewis one would expect on the shelves of liberal British Catholics of the 1970s, I found such things as a book of essays by the Stalinist physicist J D Bernal – and a copy of Ideology and Insanity by Thomas Szasz. Attracted by the strangeness to my young eyes of the name “Szasz” and the wonderful cover art of the Penguin edition that depicted two men playing chess across a Escher-like dimensional warp, I gave it a go.
Almost a decade before I heard the term “Libertarian”, I thus had my first introduction to an important strand of libertarian thought. Until the copy of that same 1970 Penguin edition I just ordered on eBay arrives, I shall have to go by memory and Szasz’s Wikipedia biography as to exactly what the book said, but I do remember being thrilled to feel my perspective suddenly widen, in a manner akin to what I had felt when I realised that the Earth was but one of an infinite number of possible vantage points in the universe.
Szasz cited drapetomania as an example of a behavior that many in society did not approve of, being labeled and widely cited as a disease. Likewise, women who did not bend to a man’s will were said to have hysteria.
He thought that psychiatry actively obscures the difference between behavior and disease in its quest to help or harm parties in conflicts. He maintained that, by calling people diseased, psychiatry attempts to deny them responsibility as moral agents in order to better control them.
And
Szasz believed that if we accept that “mental illness” is a euphemism for behaviors that are disapproved of, then the state has no right to force psychiatric “treatment” on these individuals
Great stuff. I think Szasz still has much to teach us… but I suppose by now you have all heard of the killing of Jordan Neely on a New York subway train?
→ Continue reading: Ideology and Insanity on the New York subway
My spellcheck pulsates in impotent frustration, but I don’t care. An Equater is a person who equates. In this context, which I get to decide because it is my post, an Equater is a person who is not content to compare something bad done by a liberal democratic government to the very much worse things done by despotic governments in order to shame the former into better behaviour, but who insists on going from comparison all the way to equation.
Since the death of Her Late Majesty, there have been many occasions when the British police reverted from their recent tendency to exceed their legal powers while stamping down on those who say rude things about illegal aliens or the LGBTQ+ Progress Pride flag, in order to return to their traditional role of exceeding their legal powers while stamping down on people who say rude things about the monarchy. Or even on those who film other people saying rude things about the monarchy: in this tweet, a documentary filmmaker called Rich Felgate writes, “Yesterday I got arrested whilst filming a @JustStop_Oil supporter holding a banner on the pavement near the coronation route. I’m a filmmaker and had my @BECTU press accreditation visible around my neck. Police deemed this to be “conspiracy to commit a public nuisance”.
That is bad. Dammit, it almost looks similar to what you would expect to see in a communist country. Similar, much too similar for comfort, but no one with any respect for the millions murdered by communism would say “identical”.
Meet Dr Charlotte Proudman:
→ Continue reading: Avoid the Equater!
For those not following, the woman you saw bearing the sword in today’s proceedings is Penny Mordaunt MP, twice-failed candidate to be leader of the Conservative Party, whose previous peak as a search term on Google Images was when she did a belly flop in a TV diving contest. In 2019 she held the post of Secretary of State for Defence for 85 days. When Boris Johnson became prime minister and promptly fired her, she probably thought her days of exerting the traditional politician’s privilege of being photographed in close proximity to weaponry were over. But having landed the somewhat-ancient office of Lord President of the Council (“Unlike some of the other Great Officers of State, the office of Lord President is not very old”, sneers Wikipedia because it only dates from 1529), she got to carry the king’s sword and at least look capable of chopping off the heads of any enemies of the realm who might try to reach him via her.
Dennis the Peasant had a point. It’s all a bit daft. But I think history shows that when the illogical mess of tradition is stripped away from a people, what they find to replace it is rarely pure reason.
The United States Surgeon-General, Dr. Vivek Murthy, has issued an advisory on America’s epidemic of loneliness and isolation.
The report says that loneliness poses health risks as deadly as smoking.
I do not make this post only to say the obvious “Gotcha”. In fact Dr Murthy’s document is more honest than I expected in acknowledging that the Coronavirus lockdown increased social isolation among all age groups. By saying that isolation is more deadly than smoking (the big medical bête noire before and after that slot was taken by Covid-19), the document implicitly admits that the Covid “cure” may have been worse than the disease. I would cut the medical establishment a lot more slack about lockdowns if they had been this honest about the inevitable tradeoffs at the time.
Loneliness lies like a black cloud over modern Western societies. Of course this is, literally, a First World problem: people struggling to survive do not have time or energy to feel lonely. But the fact that others suffer from more desperate evils does not make this one minor. We do need to think about it. Unfortunately the Surgeon General’s document is written entirely within a statist paradigm.
Chapter 4 has the title “A National Strategy to Advance Social Connection”. It recommends “Six Pillars to Advance Social Connection.”
The six pillars are
1. Strengthen Social Infrastructure in Local Communities
2. Enact Pro-Connection Public Policies
3. Mobilize the Health Sector
4. Reform Digital Environments
5. Deepen Our Knowledge
6. Build a Culture of Connection
If you want to see what Dr Murthy thinks these goals should involve, look at the graphic on page 47. All of them are driven by the state, including the innocent-sounding “Deepen Our Knowledge”. He hopes to build a culture of voluntary connection between individuals by decree.
What is the phenomenon called when a council faced with budget cuts never says it will have to cut the number of sustainability managers and diversity officers, only that it will have to close the libraries and sell off the public parks? Like NHS “shroud-waving”, but more general?
I genuinely am frightened by the Online Safety Bill, but I suspect that the Wikimedia UK people are waving whatever one waves:
“UK readers may lose access to Wikipedia amid online safety bill requirements”, reports the Guardian.
Wikipedia could be made inaccessible to UK readers due to issues over complying with the online safety bill, a charity affiliated with the website has warned.
Lucy Crompton-Reid, the chief executive of Wikimedia UK, warned the popular site could be blocked because it will not carry out age verification if required to do so by the bill.
Crompton-Reid told the BBC it was “definitely possible that one of the most visited websites in the world – and a vital source of freely accessible knowledge and information for millions of people – won’t be accessible to UK readers (let alone UK-based contributors)”.
[…]
She added: “The increased bureaucracy imposed by this bill will have the effect that only the really big players with significant compliance budgets will be able to operate in the UK market. This could have dire consequences on the information ecosystem here and is, in my view, quite the opposite of what the legislation originally set out to achieve.”
“Heat pumps: How do they work and how do I get one?” asks the BBC. Fun fact: heat pumps are born from magic cabbages that have been pollinated by combi boilers. Obviously you cannot buy a heat pump, but if you promise promise promise to look after it, the government will let you adopt one. Be warned, you may have to outbid all the other prospective heat-pump mummies and daddies out there!
Or maybe not. After the enthusiastic headline, the first paragraph of the BBC article admits that despite the government offering households £5,000 to replace their gas boilers with heat pumps, take-up of the Boiler Upgrade Scheme has been so low that the Lords Net Zero Committee has warned that the national target for green heating is “very unlikely to be met”.
This is scarcely surprising when, as the Telegraph reports,
Heat pumps will still cost households thousands of pounds each even after they have used the Government’s troubled voucher scheme, a minister has admitted.
Lord Callanan, a junior energy minister, said some consumers would pay “as little” as £2,500 for the eco-friendly heating systems after a grant of £5,000 was taken into account.
His admission comes after critics blamed the high cost of heat pumps for the “embarrassingly” low uptake of the £150m-a-year boiler upgrade scheme.
Official figures show that fewer than 10,000 households have taken advantage of the grants since its launch last May.
From what I hear, heat pumps can be a good heating solution for newly built houses, but putting one in an older house costs a lot more than £5k. Where houses are crowded close together, the bulky outdoor unit is just one more ugly council-mandated eco thing to sit next to the ever-increasing number of wheelie bins that block the pavements.
If anything will prompt a revolt against Net Zero in the UK, the proposed ban on gas boilers will be that thing.
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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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