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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For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? Because they are all trying to debase themselves. It’s a peculiar time in world history.
– Jim Rogers, the investor, adventurer and commentator, as quoted at the splendid Zero Hedge website.
(I like the site’s motto: “On a long enough timeline the survival rate for everyone drops to zero.”)
On a related theme of currency debasement and government tactics, this book, Currency Wars, looks a gruesomely entertaining read.
Professor Sunstein is undoubtedly correct that “people make a lot of mistakes.” Most of us can look back over our own lives and see many mistakes, including some that were very damaging. What Cass Sunstein does not tell us is what sort of creatures, other than people, are going to override our mistaken decisions for us. That is the key flaw in the theory and agenda of the left. Implicit in the wide range of efforts on the left to get government to take over more of our decisions for us is the assumption that there is some superior class of people who are either wiser or nobler than the rest of us.
– Thomas Sowell, quoted earlier today by David Thompson
“If you want to revisit the 1970s, you no longer need a history book or a time machine. All that’s required is a collection of today’s newspapers – Right- or Left-leaning, it matters little – together with a regular infusion of BBC agitprop. With a few notable exceptions, all seem to gravitate around a tediously predictable banker-bashing, anti-profit, bonus-hating, anti-big-business agenda which spins us 40 years back in time to one of the lowest points in British history. What goes around comes around, I suppose, so with inflation perking up again, it can surely only be a matter of time before the Government brings back a fully blown Prices Commission. I exaggerate, of course, but only to make the point.”
– Jeremy Warner
He is broadly right, of course. Some of the “banker bashing”, though, has even come from the free market side of the fence, such as from the likes of Professor Kevin Dowd – who is known around these parts – making the point that banks operating with the implicit guarantee from the state and cheap money have been able to let their normally healthy instincts run amok. Alas, most of the attacks have focused on their allegedly big bonuses, which while it does not miss the mark entirely, is not really central to why we got into our current mess.
And Warner is interesting on how an energy sector, which has its problems, will not be in good shape if we keep hitting bank finance. There is another issue, meanwhile. What we might be seeing is a mixture of “junk science” (the notions that are leading us to turn our backs on cheap or at least reliable energy) and “junk money” (Quantitative Easing, etc).
It is interesting that he argues that there is a 1970s feel about the UK at the moment. He is right, although the private sector does not have the union militancy of back then, and the Cold War is over, and globalisation, for all its ups and downs, has taken more hold to the immense benefit of countries such as India and China. I see little sign of a move back to the 1970s in Asia.
We are in danger of replacing one brand of narrow-mindedness with another. Increasingly, the courts are being dragged into disputes between people who hold different opinions in what is really an attempt to close down debate on particular subjects. This is the very antithesis of free speech and unless there is an attempt to stir up hatred and violence, the fact that some people may dislike or object to what others say should not be a matter for the law, or for official censorship.
– Philip Johnston
Where I differ is that “an attempt to stir up hatred and violence” are two very different things. One can hate a person without also wishing to see violence done to them. There are people in this world towards whom feeling hatred is entirely reasonable. Can someone give me a good reason for not publicly suggesting that any reasonable person should hate Kim Jong-un?
“I had spent most of my life in a world where the Soviet Union had been destroyed. When the Berlin Wall fell in 1989, we felt that we had finally defeated global Marxism. Ronald Reagan and the United States had taken down the single largest depository of communism on the planet, and we’d done it without firing a direct shot. The whole world could see that communism didn’t work – its failure was on display for the entire globe to look at and say, So much for that. At least that was what we thought.”
– Andrew Breitbart, Righteous Indignation: Excuse Me While I Save The World, page 105.
Taxing already acquired property drastically alters the relationship between citizen and state: we become leaseholders, rather than freeholders, with accumulated taxes over long periods of time eventually “returning” our wealth to the state. It breaches a key principle that has made this country great: the gradual expansion of property ownership and the democratisation of wealth. We need more of this, not less. A wealth tax – like the old window taxes, levied because it was too hard to assess people’s income – is a sign of failure: we can’t raise enough by taxing current economic activity, so we tax again the already taxed fruits of past activity. It is a pre-modern, obsolete concept. Wealth taxes also violate a state’s original mission, to protect the life, liberty and property of citizens.
– Allister Heath
Although it is an excellent article, I strongly disagree with Heath’s use of the term ‘democratisation of wealth’ rather than, perhaps, ‘widening’ or even ‘diffusion’.
‘Democracy’ is entirely about a state legitimising its use of the means of collective coercion. It is only about ‘wealth’ to the extent that the primary use of the means of collective coercion are to confiscate wealth at gunpoint for assorted pretexts, under the legitimising notion that there is a democratic mandate to do demand-money-with-menaces in any particular instance.
If they figure at all, it is as a group to be derided, reduced to a caricature framed by Boden, Waitrose tempered by Lidl, holidays in France, and a fondness for television box sets. Their dinner-party concerns about finding a good school, a decent house or a good hospital qualify for jokes, little else. The tributes paid to Richard Briers remind us that, at best, the middle classes are an object of gentle ribbing, but seldom to be admired as the shock troops of economic recovery. Instead, politics has been reduced to an argument over how best to clobber the wealthy in order to help the poor, two small groups who attract a disproportionate amount of attention from politicians.
– Ben Brogan
Of course, it would be refreshing if we could just talk about people as individuals rather than as members of classes at all.
In Los Angeles, as the hunt for another registered Democrat on a killing spree continues, police opened fire on two innocent ladies delivering newspapers from the same kind of truck as the suspect. They seem to have done so without any attempt at identification. They didn’t even shout a warning first.
It seems that those drawn to jobs as the state’s armed enforcers are also among those not to be trusted with weapons. I suggest it’s for the same psychological reasons. As the validated agents of what they see as a superior moral force, they feel justified in their appalling actions, but also sure that if they get it wrong the state will defend them. Reckless and panicky they may be, but having injured two innocents they “protect and serve” they are safe. At least as safe, say, as an NHS mandarin who presided over the deaths of thousands.
I conclude, then, that it is not good long-term libertarian propaganda to argue for various alternative systems of politics, or incremental political changes, on the basis that they are somewhat better than what we have now and they are more easily achievable than radical libertarianism. For such a strategy can only waste endless time in endless compromise, while failing to explain properly the libertarian alternative and thereby making converts. It is far better to argue immediately and always for the radical libertarian option.
– Jan C Lester puts the case for libertarianism and against compromise in a talk, entitled “Democracies, Republics and other unnecessary evils”, which he gave to Libertarian Home at the Rose and Crown in August of last year.
I first heard Lester speak these words while watching this video of the event, but I was later able to copy and paste them to here from this full text of the talk, also made available by Libertarian Home.
Why does Barack Obama hate black people?
Don’t get me wrong…I love the minimum wage, because I’m white. My daughter is white, and also has established plenty of work experience. She was offered jobs at more than 40K per year at the age of 20. Minimum wage legislation will ensure that we’re the last to be laid off. We got skills!!!
But does Barack Obama really hate black people? Or is he just not very smart?
– The Whited Sepulchre
You may be a staunch supporter of the welfare state, socialized medicine, gay marriage, preferential treatment of women and 75 percent taxation of all private income. It won’t help you if you have distanced yourself from the teachings of the prophet.
Thus, in the Netherlands, Islam’s critics are also “extreme right-wing racists” – if by “extreme”, “right-wing” and “racist’ you mean gay hedonists (Pim Fortuyn), anti-monarchist coke-snorting nihilists (Theo van Gogh) and liberal black feminists (Ayaan Hirsi Ali). Whichever of these novel permutations of “right-wing” you fall into, you wind up either on trial (Nekschot, Geert Wilders), forced into exile (Miss Ali) or pushing up tulips (Fortuyn, van Gogh). Likewise, the artists and comedians I met through Lars in Copenhagen had been variously arrested, subjected to death threats, had homes firebombed and a family restaurant shot up. And in the final indignity they’d wound up sharing a stage with a right-wing loon like me because their leftie pals weren’t there for them. All your liberal friends who went to the Amnesty International fundraisers and bored the pants off you with that bit of apocryphal Voltaire – “I disapprove of what you say but I will defend to the death your right to say it” – they all stayed utterly silent. C’mon, nobody’s asking you to defend anyone to the death. A mildly principled Tweet would do. A tepidly supportive fax.
– Mark Steyn
“But just because my choices are limited doesn’t mean they don’t exist. Just because I don’t have absolute freedom doesn’t mean I have no freedom at all. Saying that free will doesn’t exist because it isn’t absolutely free is like saying truth doesn’t exist because we can’t achieve absolute, perfect knowledge.”
– John Horgan, giving Sam Harris a bit of a kicking.
Read the whole piece. Food for thought.
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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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