“Mr. Putin finds himself in a struggle now because of the bravery of 41 million Ukrainians, not the strength of Europe or the United States.”
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“Mr. Putin finds himself in a struggle now because of the bravery of 41 million Ukrainians, not the strength of Europe or the United States.” That’s Konstantin on Triggernometry’s YouTube on Ukraine. Lots of good, thoughtful stuff on Putin, Western weakness and everything in between. Well, not so much on that country in between, you know, Ukraine which is all the more remarkable when you consider that Konstantin has Russian-speaking family there. But, as he says, he doesn’t think people in the West are particularly interested in what is best for Konstantin’s family. Update Maybe that title (see comments) should be toned down. Little noticed in the UK media, reports from a financial vlogger Joe Blogs (that is his handle) on Turkey tells us that the government is ‘asking’ citizens to hand over their gold and foreign currency, at a time of 50% inflation, but citizens will get Lira in return. There are 30,000 gold shops in Turkey and five major refineries. Do not worry that Erdogan is a (not so) covert Islamist, he is first and foremost a Keynesian. The Turkish government is not simply standing by and watching as the Lira inflates away, the government has cut tax on food from 8% to 1%, and this in the context of a currency crisis, the lira falling 44% in 2021 against foreign currencies. So they know that cutting taxes eases burdens on people. Unfortunately, Atatürk’s doctrine of ‘statism‘ lingers, with lots of Turks employed by the State. Meanwhile, the Turkish Finance Minister has been in the UK and reported had a ‘fantastic‘ meeting with potential investors. And the goverment is determined to keep on down this path, telling the private banks to step up their efforts to help by handing over foreign currency deposits. (Doubtless this is all voluntary). Here is a graph of recent Turkish inflation rates. Are we going to be seeing a ‘crack-up boom’ in real time any week now? Turkey is reportedly informally dollarising, with over 50% of transactions in Turkey in dollars (Why not the Euro?). I can’t help thinking that in the UK, the government is looking at Turkey with envious eyes, dreaming of taking steps to inflate away what remains of our prosperity and to seize our assets. And it is not all bad from the Turkish government, they have changed the name of the country in a re-branding exercise, changing it from ‘Turkey’ to ‘Türkiye’, apparently to avoid confusion with the bird of the same name. Joe Blogs also has some interesting coverage on the Chinese property conglomerate Evergrande, and the efforts of a US Hedge Fund to take ownership of collateral in Hong Kong. Old rules die, new ones are born. Belarus border crisis: EU suspends asylum rules to speed up deportations Omicron variant: EU should encourage compulsory vaccines, says Ursula von der Leyen Both Times reports are behind a paywall, but the headlines make the point well enough. As the late Brian Micklethwait – I still cannot quite believe that I am writing that – said in a post called “On the future of photography in public (and on what I think of the EU)”:
“Berlin’s vote to take properties from big landlords could be a watershed moment”, writes Alexander Vasudevan in the Guardian. Judging by the history of such schemes it could be. But not in the way he thinks. The vote in Berlin is not legally binding, but it does show the popularity of such a measure (the popular appeal of taking their stuff and giving it to us is eternal), and as the Guardian says it will “serve as a template and inspiration for activists in Europe and elsewhere”. Professor Vasudevan (he is an associate professor in human geography at Oxford) continues,
I have little doubt that the large scale institutional landlords such as the property company Deutsche Wohnen that the initiative targets have transformed the Berlin housing market, and not for the better. But it is worth asking why it paid them to to go on a speculative property buying spree in the last few years when it did not pay them to do this earlier? I would guess it is because they have taken advantage of artificially low interest rates created by government. What about compensation? For obvious historical reasons, German law frowns on confiscation without compensation. The article says,
When fair compensation is “balanced” with something else, it means unfair compensation. When the normal operation of law is suspended we are always told that it will apply only to people or groups that few would leap to defend. It never stops there. The above is a quote from a Times article with the title
There is more, but I have quoted the part relevant to what I want to say in this post. Almost every comment to the Times piece (those that have not been replaced with the phrase “This comment violated our policy”) sneers at the evasion. Journalists, please stop doing this “motives unclear” thing. It dos not decrease hostility towards Muslims, it increases it. They have been playing this stupid game for a long time. I often find it illuminating to link back to old Samizdata posts that share a common theme with whatever I am posting about now. Here is one from 2011: “Two contrasting articles by Michael Tomasky on spree killers”. It feels like yesterday. For one mass-murderer Mr Tomasky wrote,
For the other,
and
As soon as I saw it I thought of psychohistory. I was not alone, judging from the most recommended comment to this fascinating Guardian article: ‘At first I thought, this is crazy’: the real-life plan to use novels to predict the next war An extract:
Posted to Samizdata by me on 23rd June 2016: “Well, I dunno”. The link to an image of the Daily Mirror‘s cover for that day showing a deep dark well with the slogan “Don’t take a leap into the dark – vote REMAIN today” seems to have died, but it can be seen in this collection of front pages from that day compiled by the Atlantic. I was not despairing but definitely a little pessimistic, as were many of the commenters. But in the wee small hours of June 24th things began to look different: “Well, well, well”. And in the bright fullness of day: “Now is the winter of our discontent, or perhaps just two very English words”. Nothing official yet but it would appear that there are plans for a European Super League. Yes, I know you’re thinking, “Don’t we already have one of those?” Sort of, except that the Champions League is not a league let alone one of champions. This, on the other hand, would be a proper week-in, week-out competition to determine who – really – is the best team in the world. Shockingly, some people don’t seem to like it. UEFA doesn’t like it. FIFA doesn’t like it. The British Government – you really would have thought that Boris Johnson would have bigger things on his mind right now – doesn’t like it. Now, I know what you’re thinking, “If *a**e*s like FIFA and the British government are against it, it must be a good thing.” And you know what? you are absolutely right. But there are other reasons to like it. What it means is that ordinary people will be able to watch the best football in the world on a weekly basis. It also means that the footballers who people actually want to watch will get their just rewards. In many ways it is just as revolutionary as the creation of the Premier League in 1993 or the creation of the world’s first league in 1888 or the decision to ban handling and kicking people in the shins. Frankly, it’s about bloody time. Of course, it is bad news for rubbish teams. But who cares about them? As it happens, I do. I support one of them, well, when they’re not promoting communist thuggery (but that’s another story). But I don’t expect the world to be discombobulated just so I can watch them pulverise the best team on the planet every once in a while. I will still be able to support them – subject to semi-permanent Covid restrictions, of course. They’ll just have to cut their coat to suit their cloth that’s all. Who knows, maybe the competition will stir the game’s organisers to improve it. Perhaps, we’ll see an end to the ridiculous offside rule or sin-bins instead of bookings or even the re-introduction of handling and kicking people in the shins. “Second translator of Amanda Gorman’s Joe Biden inauguration poem dumped”, reports the Times.
How many African-Americans speak Catalan – at all, let alone to the level required of a professional translator? How many Americans speak Catalan? Most translation agencies insist that their translators work into their native tongue because it is very rare for anyone to gain a command of a second language equal to that of their first. Why do Ms Gorman’s US agents value the nationality of their translator above their having Catalan as their mother tongue? Even if we assume that the only reason Gorman’s agents specified “African-American” was that they have set their autocorrect with that as the replacement for “black”, there still cannot be many people who fulfil all those criteria. There are not many black Catalans. Experienced translators of any race are not likely to be young.
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