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]

Laws only apply to the little people

The Government has quietly ushered through legislation amending the anti-hacking laws to exempt GCHQ from prosecution. Privacy International and other parties were notified of this just hours prior to a hearing of their claim against GCHQ’s illegal hacking operations in the Investigatory Powers Tribunal.

Privacy International

So basically the state broke the law, got caught breaking the law, and then when challenged, changed to law so exempt themselves from the law they broke.

Prince Harry calls for the return of slavery

Prince Harry calls for the return of slavery. Time for the tumbrels to start rolling methinks.

smiley_behead

Samizdata quote of the day

John Price ended his life as a free man because he was willing to defy laws that said he was nothing but the property of other people, to be disposed of as they wished. He got a nice helping hand in maintaining his freedom from other people who were willing to not only defy laws that would compel them to collaborate in Price’s bondage, but to beat the hell out of government agents charged with enforcing those laws.

J.D. Tuccille

Dear Mr. Cameron, glad you beat the even worse guy, but… get stuffed

We must end the idea that as long as you obey the law, we will leave you alone

David Cameron, more or less inviting law abiding people to start stockpiling material to make petrol bombs

How regulation created a banking mono-culture

I agree with Mr Quotulatiousness that this, from a posting at the Coyote Blog from July 7th of last year, deserves to be made much of:

One of the factors in the financial crisis of 2007-2009 that is mentioned too infrequently is the role of banking capital sufficiency standards and exactly how they were written. Folks have said that capital requirements were somehow deregulated or reduced. But in fact the intention had been to tighten them with the Basle II standards and US equivalents. The problem was not some notional deregulation, but in exactly how the regulation was written.

In effect, capital sufficiency standards declared that mortgage-backed securities and government bonds were “risk-free” in the sense that they were counted 100% of their book value in assessing capital sufficiency. Most other sorts of financial instruments and assets had to be discounted in making these calculations. This created a land rush by banks for mortgage-backed securities, since they tended to have better returns than government bonds and still counted as 100% safe.

Without the regulation, one might imagine banks to have a risk-reward tradeoff in a portfolio of more and less risky assets. But the capital standards created a new decision rule: find the highest returning assets that could still count for 100%. They also helped create what in biology we might call a mono-culture. One might expect banks to have varied investment choices and favorites, such that a problem in one class of asset would affect some but not all banks. Regulations helped create a mono-culture where all banks had essentially the same portfolio stuffed with the same one or two types of assets. When just one class of asset sank, the whole industry went into the tank.

Well, we found out that mortgage-backed securities were not in fact risk-free, and many banks and other financial institutions found they had a huge hole blown in their capital.

I remember having all this explained to me at the time, although I do not now recall who by. I do recall the word “Basel” coming up a lot.

My title above is in the past tense, but I presume problems like this have since got worse rather than better. What will be the dates of the next financial crisis, I wonder?

The BBC at its very worst on the issue of freedom of expression

Allen Farrington drew my attention to this steaming pile of a BBC opinion piece entitled: What are the limits of free speech?

Read this bit and let it sink in:

Because what is becoming clear is that the fundamentalism of this new generation of radical Islamists risks provoking an extreme reaction from some of those espousing the cause of unlimited freedom and liberty.

Allen’s retort was so perfect I will just quote it entirely:

…which is so ridiculous as to require no further commentary, but I would nonetheless suggest: those radical Islamists make me so damn angry that one of these days I might just commit an act of drawing!

Indeed, Allen. Apparently sober opinion at the BBC holds that drawing opinionated cartoons and writing what you think constitutes an “extreme reaction” to radical Islam. I think nuking Mecca with a high yield air burst during the Hajj would be an “extreme reaction”, but personally I do not think explaining why someone might regard Islam (or indeed anything) as preposterous or the ‘mother lode of bad ideas‘ is an “extreme reaction”.

But alright, if saying what you think is what passes for an “extreme reaction”, then I would be honoured to be called an extremist by the BBC. I believe Barry Goldwater had something to say on that subject.

Extremism in the defence of liberty is no vice. And moderation in the pursuit of justice is no virtue

Not that I would expect anyone at the BBC to understand that, at least not without simply redefining what ‘liberty’ and ‘justice’ means in a way a certain well known chap wrote about in 1949.

In the spirit of the Guardian…

I think it is safe to say that the first Social Justice Warrior to be spaced has already been born.

(For non-spacers, that means “tossed out of the airlock… without a space suit.”)

Bravo Norway!

In a direct response to the mass murder of people at the French satirical magazine Charlie Hebdo last January, Norway has abolished its blasphemy laws. This is a development of sheer magnificence!

Samizdata quote of the day

Our message today is very simple: we will never allow barbarism, never allow Islam, to rob us of our freedom of speech.

Geert Wilders

Samizdata quote of the day

Just today I learned (via Hans Bader) that Oberlin, supposedly one of the great liberal arts colleges in the world, has been in a tizzy because of a speech by the rather mainstream conservative feminist Christina Hoff Summers, which supposedly made students feel “unsafe” well in advance. And so on. In no examples that I have seen has there been any actual threat or prospect of violence against the students complaining that they feel “unsafe.”

This is a huge threat to the future of free speech nevertheless. Today’s college students are going to be tomorrow’s judges, and if they truly believe that “safety” means “never having to deal with opinions that disagree with one’s cherished beliefs,” then censorship has a good chance of gaining the upper hand over freedom of speech. After all, public safety can be a justification for suppressing speech, as with the “fighting words” doctrine.

David Bernstein

Self defence

I am certain it comes as no surprise to Samizdata readers that States are interested in penetrating your computers and stealing private communications without bothering about the legal niceties of search warrants issued by judges whom they do not own. But some things come as a surprise to even those of us who watch such things. I had not heard of this particular attack before. Spoofing, in conjunction with other attacks to pin down the real source while the spoofer gets in, have been around awhile. Some were dependant on analysis of the generated packet sequence numbers to allow a complete hijack.

None seem as practical as the web page substitution technique discussed in this Wired article. It is somewhat technical but useful reading if you want to keep up with what the enemies of liberty and rule of law are up to. Even more importantly, the article shows there are ways of keeping the bad guys out of your computers. The method may not be as satisfying as dropping a nuke on the SOB’s, but hey, you work with what you got.

Chimpanzees as legal persons

The Guardian reports:

Chimpanzees granted petition to hear ‘legal persons’ status in court

Wise’s argument in this case and others is that chimpanzees are intelligent, emotionally complex and self-aware enough to merit some basic human rights, such as the rights against illegal detainment and cruel treatment. They are “autonomous and self-determining”, in Wise’s words.

You can probably see why this post bears the “Self-ownership” tag. Many of the people arguing for legal personhood for animals are twerps like this one, who claims that she finds “discrimination on the grounds of species as distasteful as discrimination on the grounds of race or sex.”

However the arguments put forward by the Nonhuman Rights Project do not seem obviously wrongheaded to me. For instance they do discriminate on grounds of species, between higher and lower animals. This comes from their Q&A page:

Your first plaintiffs are chimpanzees, and you are also talking about elephants, whales and dolphins. What’s next after that? Dogs and pigs?

Our plaintiffs will be animals for whom there is clear scientific evidence of such complex cognitive abilities as self-awareness and autonomy. Currently that evidence exists for elephants, dolphins and whales, and all four species of great apes. So, for the foreseeable future, our plaintiffs are likely to come from these three groups.

Here is a fact I find disturbing to contemplate: some severely mentally disabled human beings are less intelligent than chimpanzees. If our society does start to act on that fact in its laws I hope and pray that it does so in the direction of granting more rights to animals, not taking rights away from disabled humans.