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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Whether Jaguar’s new electric car flops as a result of all this remains to be seen. It would hardly be surprising if Jaguar’s traditional audience – the people who actually buy its cars – give up on the company in response to all this insufferable virtue-signalling. After bending the knee so readily to the trans cause, that would be the least Jaguar deserves.
– Malcolm Clark
Macroeconomic management doesn’t work because the data available to do detailed macroeconomic management is shit. Therefore let’s not try doing detailed macroeconomic management. Get the basics right, the incentives, markets, then leave be.
Of course, this then leaves a paucity of jobs for economists but then as I’m not one of them why would I give that proverbial?
– Tim Worstall
“I honestly don’t understand how it can be so hard to cut immigration. The government has and has long had all the tools it needs at hand to actually do it – if it actually wants to. Especially as only around 25% of visas are actually work visas. I wonder if the way forward is just to give responsibility for incoming workers to companies. If they need workers [that they] can’t find in the U.K. they can hire abroad, sponsor, house and finance them within a 3-5 year circular visa system. [This] Takes stress of public services especially the NHS and housing; it allows workers to make money to take home and reduces long-term numbers. Japan has a system much like this.”
– Merryn Somerset Webb, columnist. These comments appeared on her Linkedin page.
While many on the free market side of the fence can be at odds on the immigration issue, what seems plain to me is that controlling legal immigration ought to be pretty straightforward if that is the policy. So why is this so hard to do in practice? I cannot help but think that it is a lack of political will, and an element of resistance to enforce democratically-enacted policy at the level of the Civil Service. In which case, it is no wonder that the Conservatives got crushed in July and that, on current trends, the current shower in government will go the same way.
“We are seen, bluntly, as a country run by student union activists, a place where violent criminals are released from prison to free up space for people who have posted nasty comments online. If you’re British, you might protest that things are more complicated than that, but you must also concede that our critics have the big picture right.”
– Daniel Hannan
“Britain’s biggest problem is a lack of economic growth – so much else is downstream from that. In per person terms, annual real growth averaged more than 2 percent in the run up to the financial crisis. From the crash to COVID-19, growth was just 0.6 percent on average. And of course these growth rates compound. Before the financial crisis, living standards were on course to double every 35 years; afterwards, it was every 120 years. This is a change with profound societal – and even civilizational – consequences.
“From tax and regulation to institutional malaise, demographic decline, and a culture that denigrates success – there are all sorts of explanations for our economic slowdown. But the way I see it is that we are suffering a progressive loss of economic dynamism, as we gradually replace market processes with bureaucratic ones – often to reduce risk or increase ‘fairness’. To many observers, every individual step along the road is reasonable and easy enough to justify. But over time, the effect is suffocating.”
– Tom Clougherty, Institute of Economic Affairs
“Some 35 years after the collapse of the 20th century’s most rigorous experiment in the failure of central planning, the fall of the Soviet empire, and comparative success of the capitalist West, it is hard to fathom how we’ve got into this climate communist mess. It should be self-evident that the planet doesn’t have a thermostat, let alone one easily adjusted by national leaders ordering technology to improve through a cascade of plans lashed to a target. Decarbonisation will happen regardless and is likely to go faster by inventing better solutions funded from the proceeds from growth, or bottom-up innovation. Rather than five-year battery-powered tractor plans, in the context of mission-led state direction – the latest reinvention of the language of failure by top-down socialist planners.”
– Andy Mayer.
The meltdown of the centrists is a wonder to behold. This is America’s ‘darkest dawn’, cried rhyming-slang-in-waiting, Ian Dunt. Emily Maitlis yelped on live TV that Trump is ‘batshit’, which is rich from someone who is essentially a Halloween version of Princess Diana. The Guardian put out a news notification that said, ‘Trump becomes the first convicted criminal to win the White House’. This really is all they have left, isn’t it? Sly asides to titillate depressed posh people on X? Smug jokes aimed at tempting suicidal liberals off the ledge? Utterly incapable of understanding Joe Public – both here and in the US – the Guardian opts to become the court jester of the cunterati instead.
– Brendan O’Neill is in rip-roaring form 😀
Starmer entered office with “the lowest vote-share that a majority Westminster government has received since the introduction of universal suffrage”.
– Aris Roussinos
“The necessity of finding a sphere of usefulness, an appropriate job, ourselves is the hardest discipline that a free society imposes on us. It is, however, inseparable from freedom, since nobody can assure each man that his gifts will be properly used unless he has the power to coerce others to use them. Only by depriving somebody else of the choice as to who should serve him, whose capacities or which products he is to use, could we guarantee to any man that his gifts will be used in the matter he feels he deserves. It is of the essence of a free society that a man’s value and remuneration depend not on capacity in the abstract but on success in turning it into concrete service which is useful to others who can reciprocate. And the chief aim of freedom is to provide both the opportunity and the inducement to insure the maximum use of the knowledge that an individual can acquire. What makes the individual unique in this respect is not his generic but his concrete knowledge, his knowledge of particular circumstances and conditions.”
– F. A. Hayek, The Constitution of Liberty, pages 80-81.
With yesterday’s revolting annual Budget statement from the Labour government still ringing in my ears, I thought a bit about how this lot treats ideas of “merit” and what is considered “unearned” wealth. For instance, one aspect of yesterday’s measures from Chancellor Rachel Reeves is to add a deceased spouse’s pension pot to inheritance tax (threshold starts at £325,000); IHT is 40 per cent. Any money paid out from the pension will be hit, subject to certain conditions, at 45 per cent for top-rate taxpayers – an effective rate of 67 per cent. This sort of move stems from the idea that certain people don’t “deserve” to inherit X or Y, and must pay their “fair” share to the Moloch of the State. I urge people to read Hayek’s masterpiece, not least for its dissection, and demolition, of much of the argument put forward about why certain wealth is “unearned”, and why we should be paid according to some social formula of merit. That way totalitarianism lies.
“Britain’s deluded politics are downstream of a deluded public. This country simply doesn’t realise how poor it is; the gulf between public expectations of the state and the state’s means of financing itself has widened to dangerous levels. People on relatively high incomes don’t feel rich and therefore assume that there are plenty of actually rich people who could be squeezed to pay for stuff. Entitlement spending, in particular, is eating British democracy alive. Council budgets are increasingly consumed by social care and special educational needs and disabilities (SEND) spending, with services cut to the bone. Meanwhile in Westminster, successive governments continually forestall capital investment to avoid tinkering with absurd commitments such as the pension triple lock.”
– Henry Hill, writing about the UK Budget statement of Chancellor of the Exchequer, Rachel Reeves. (For non-British readers who want to know what the “triple lock” is, it is a safeguard that ensures the state pension increases each year by the highest of three measures: Inflation: The Consumer Price Index (CPI) for the previous September; Average earnings: The average increase in total wages across the UK for May to June of the previous year; and a minimum rise of 2.5%.)
I agree with Hill that many members of the public, and not just the chattering class, are so economically illiterate they have little idea of how screwed the UK is financially, given demography, state bloat, over-regulation and tax, and the rest. And anyone who pushes against it is one of those sinister people known as “neoliberals”.
In the annual public surveys about trust and reputation, journalists and the media have regularly fallen near the very bottom, often just above Congress. But in this year’s Gallup poll, we have managed to fall below Congress. Our profession is now the least trusted of all. Something we are doing is clearly not working.
– Jeff Bezos, the owner of The Washington Post
Britain did not benefit from (slave) labour anyway. We did not then have a state controlled economy, we do not now have a state controlled economy. Britain didn’t own the slaves so it’s not Britain that – even if you can prove that there should be reparations – which should pay for owning the slaves it didn’t.
This does then rather leave the reparations argument being that Barbados – or whoever – needs to go around suing, individually, the estates of those who owned slaves. Good luck with that one.
– Tim Worstall
With the small proviso that in more than a few ways, the UK does indeed now have a fairly state controlled economy, I agree with Tim as usual.
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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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