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]

Samizdata quote of the day

The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.

– Alexis de Tocqueville (attributed to…)

Samizdata quote of the day

During the Middle Ages and Renaissance, Christians were not supposed to charge interest. Therefore, the most common moneylenders-to-kings were Jews. They could loan money at a profit, and were thus more likely to lend it.

But whenever the King’s debts got too large to repay, he began to demonise the Jews. And eventually came a pogrom. And hey-ho, the debt went away along with the Jews.

I’m seeing the demonisation of banks. I wonder how long before government throws a pogrom?

Ellen Kuhfeld

Samidata quote of the day

It’s amazing to me how many people think that voting to have the government give poor people money is compassion. Helping poor and suffering people is compassion. Voting for our government to use guns to give money to help poor and suffering people is immoral self-righteous bullying laziness. […]
I don’t believe the majority always knows what’s best for everyone. The fact that the majority thinks they have a way to get something good does not give them the right to use force on the minority that don’t want to pay for it. If you have to use a gun, I don’t believe you really know jack.

Penn Jillette

Samizdata quote of the day

“Richtie is the true Clausewitzian nightmare, an industrious idiot who never stops.”

– David Moore, commenting on an item by Tim Worstall, who fisks the absurd Richard Murphy.

Samizdata quote of the day

“The global paper standard has lasted 40 years but evidence is accumulating daily that its endgame is now fast approaching. The world economy is caught in a deepening financial crisis caused by excessive levels of debt, severe asset price bubbles and overextended banks—all imbalances that are the direct consequence of four decades of unprecedented fiat money creation, of artificially low interest rates and of “lender-of-last-resort” central banking. Monetary policy today—whether by the U.S. Federal Reserve, the ECB or the Bank of Japan—is not much more than an increasingly desperate attempt to postpone via super-low interest rates and periodic debt monetization the painful but unavoidable liquidation of these imbalances. This will not only ultimately prove futile, but will lead to a complete currency catastrophe if pursued further.”

Detlev Schlichter, writing in the Wall Street Journal. The fact that he is now gigging at the mighty WSJ is, of itself, a great thing.

Update: today is the 40th anniversary of Richard Nixon’s decision to kill off the link between the dollar and gold, although in reality the old gold standard had been dead for much longer.

Samizdata quote of the day

Is anyone seriously going to try to make the case that this isn’t black culture in excelsis? Or does anyone, perhaps, want to persuade me that this is but one tiny and much-exaggerated facet of a broader black culture dominated by opera and madrigal singing and crochet and sonnet-construction and lawn bowls and Shakespeare and new translations of Ovid? If they are capable of doing so then maybe, just maybe, I might accept that there was something demeaning or reductive in Starkey’s comments on black culture. Problem is, I don’t think anyone can. (And I speak, by the way, as someone who quite likes his hop hop and who is very much into the new Kanye West/Jay Z album. But who, listening to it, can’t help noticing that it’s rather more a celebration of gats, hos, casual sex and easy money, than it is an invocation for study, hard work and social conformity.)

To pillory a man for pointing out such a glaringly obvious cultural fact just because he’s white and Right-wing would have been quite wrong even before the riots. Post riots it is positively obscene.

James Delingpole, declining to join the lynch mob baying for David Starkey’s blood.

Samidata quote of the day

The Left needs to defend the riots; not to valourise the burning of grannies’ cars, but to make clear that we reject the whole bourgeois construction of events, that we stand in solidarity with the oppressed and that, when it comes to it, we will, without hesitation, join the “rioters” to overthrow the legitimised exploitation, state-sanctioned violence and sham “democracy” that oppress us all.

Ian Grigg-Spall

Samizdata quote of the day

Notice how the loudest complaints about “broken politics” come from those who lost the debate. It’s understandable for sore losers to rage against the machine. But there’s no need for the rest of us to parrot their petulance.

Charles Krauthammer.

The changed UK mood

“The public’s mood has changed irrevocably; on crime and punishment, social attitudes will have hardened permanently as a result of the past week’s events. Strong speeches from the prime minister are a step in the right direction, as is the much more effective policing of the past 48 hours, but the public wants real, permanent change, not just temporary, emergency measures. A YouGov poll found that 85 per cent of the public believe that most of those taking part in the riots will go unpunished – they have lost faith in the system. This is understandable: it also reflects the perception of the thugs themselves. Criminal activity is far more rational than people believe, especially in wealthy societies such as ours: there is a lot of empirical and statistical work that shows that criminals implicitly weigh up the costs and benefits of crime. A high probability and cost of detection reduces crime, all other things equal; a low likelihood of detection, a low likely cost (such as a negligible prison sentence or a caution, as has too often been the case in the past) and a larger payoff (flat screen TVs or expensive trainers) raises it. Many of those storming shops made that very calculation this week, albeit implicitly and in some cases incorrectly.”

Allister Heath, editor of CityAM. Read it all.

The political party that most intelligently grasps this change of mood, and responds to it by a re-assertion of the right of individuals to defend themselves and their property, and which unravels the disaster wrought by welfarism, supine policing and a hopelessly over-regulated labour market, should win the next election. The question, as ever, is which party has the nous and courage to do this. So far, the signs have not been very encouraging.

Samizdata quote of the day

There will be a temptation to beat ourselves up as a society for not doing enough to address problems faced by these groups, especially the inadequate education and consequent lack of qualifications that makes it hard for them to get jobs, which largely go to immigrant workers from eastern Europe. That should be resisted. Billions of pounds have been spent trying to improve schools and regenerate run-down areas. The suggestion from some Left-wing politicians, such as Ken Livingstone, that the riots were due to the impact of Government spending cuts is grotesque. If anything, the biggest problem has been the creation of a sense of entitlement sustained by an overly generous (and no longer affordable) welfare system, which expects nothing in return for the benefits dispensed.

Philip Johnston, journalist.

Read the whole article.

Samizdata quote of the day

This is not a political rebellion; it is a mollycoddled mob, a riotous expression of carelessness for one’s own community. And as a left-winger, I refuse to celebrate nihilistic behaviour that has a profoundly negative impact on working people’s lives. Far from being an instance of working-class action, the welfare-state mob has more in common with what Marx described as the lumpenproletariat. Indeed, it is worth recalling Marx’s colourful description in The Eighteenth Brumaire of Louis Napoleon of how that French ruler cynically built his power base amongst parts of the bourgeoisie and sections of the lumpenproletariat, so that ‘ruined and adventurous offshoots of the bourgeoisie rubbed shoulders with vagabonds, discharged soldiers, discharged jailbirds, swindlers, pickpockets, tricksters, gamblers, brothel-keepers, organ-grinders, ragpickers, knife-grinders, tinkers, beggars… and from this kindred element Boneparte formed the core of his [constituency], where all its members felt the need to benefit themselves at the expense of the labouring nation.’ In very different circumstances, we have something similar today – where the decadent commentariat’s siding with lumpen rioters represents a weird coming together of sections of the bourgeoisie with sections of the underworked and the over-flattered, as the rest of us, ‘the labouring nation’, look on with disdain.

Brendan O’Neill.

You don’t have to buy some of the slightly misty-eyed stuff about working class “communities” to see that he has a strong point. As I often like to point out, an open liberal society requires a modicum of basic respect for the lives and property of others, a certain amount of fertile soil for particular virtues to take root in and flourish.

Samizdata quote of the day

Obama declares US is still a AAA nation, in his regard. Like when i would try & convince my parents that my C+ in math was pretty much a B-

– Mark Ronson (via Twitter)