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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From the Wall Street Journal (paywall):
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia. The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said.
The Saudis are angry over the U.S.’s lack of support for their intervention in the Yemen civil war, and over the Biden administration’s attempt to strike a deal with Iran over its nuclear program. Saudi officials have said they were shocked by the precipitous U.S. withdrawal from Afghanistan last year.
From what I can recall, the demise of the dollar as the world’s most important reserve currency has been predicted for so long that it was probably being stated fifty years ago. Predictions of “currency wars” often crop up in the business sections of bookstores. Take this racy example from James Rickards.
The underlying problem is not oil exports, or whether Sleepy Joe is getting on well with whatever shithead is running Saudi Arabia. The problem is that the US government has racked up a debt of $28.43 trillion. Further, US savings rates haven’t held up. The US has been too reliant on savings from countries that have at times wished it ill. This is not sustainable. It is funny really. Sustainability is one of the buzzwords of our time, denoting a concern about the Planet, but surely if it also means anything it means having a state that does not go bankrupt.
The US Federal Reserve put up interest rates today, and in the next few months, is likely to put them up more. (See an interesting discussion involving a friend of mine, Keith Weiner, about the Fed.) Every time it does so, the interest costs of the US debt stock will rise. The amount of interest payable on that debt will be the equivalent of, say, an aircraft carrier fleet. High indebtedness is not just stupid in financial terms. It is a national security issue.
The internet is awash with armchair generals (not that there’s anything wrong with being an armchair general – I am one myself) telling us that the Russian invasion of Ukraine is not going according to plan. They point out that the frontlines have barely moved in the last week, that a lot of Russian vehicles have been knocked out or broken down, that the Russian air force seems to be absent and various other things (twenty-year old rations is one of my favourites.) Some are even suggesting that the Russians might get kicked out of Ukraine.
I, and I am sure most Samizdatistas, would dearly like this to be true. But the facts don’t care about our beliefs. The truth may be very different. So, if you are looking for an antedote to the narrative I would suggest checking out Task & Purpose’s YouTube on the subject. He points out that the Russians have had victories and that during the Iraq War there was a similar narrative about the allies being bogged down when they were nothing of the sort. The thing I really like about it is that he – that would be presenter Chris Cappy, an Iraq War veteran – admits that he doesn’t know what’s going on. And that’s kind of the point.
“Young men are also a production resource – a productive resource that is used to wage war, but Russia’s youth have had it with Putin’s regime and the collapse of the economy and the prospect for going to war and dying in Ukraine is causing young Russian to flee the country. It is said that more than 25,000 Russians have already left for Georgia since Putin’s invasion of Ukraine. The exodus of young Russian in fact started more than a decade ago, but this process is now accelerating dramatically. Polls done even before the war on Ukraine have again and again shown that more than half of the Russian population would like to emigrate. That number is now skyrocketing – particularly among the young. The Putin’s regime can hardly accept that much longer – and therefore it is only a matter of time before a “Russian wall” is erected – and in the same way as with the Berlin Wall, it is not about keeping enemies out, but about keeping the population confined.”
– Lars Christensen, economist based in Denmark.
You can look at it the other way. Putin took the Crimea. Putin promoted the break-away republics. Without him, they would not have happened.
In all the similar cases, the common theme is Putin. He did the same to Georgia as he is to Ukraine. He did the same to Moldova, with Trans-Dniestr.
Were all those governments also reckless? Or were they just unfortunate enough to border Russia?
Putin has been consistently threatening to the Baltic states too. He even sponsored cyber attacks on Estonia. Now it is a long bow to draw that they have been reckless.
No. Putin is the common theme. Nothing Ukraine did, short of bowing to his every wish, would have stopped him. They have not been reckless. They have been desperately trying to deal with a homicidal maniac over the border.
Your argument reminds me of telling battered spouses that they should be more careful, rather than pointing the finger at the violent thug doing the violent things.
– ‘Chester Draws’ taking to task a commenter who accused the Ukrainian government of having brought this upon themselves with ‘reckless behaviour’.
The more the war goes on, the starker the contrast between Western moral defeatism and Ukrainian resolve becomes. The buzzword in much of the Western discussion is ‘realism’. On both sides of the discussion – among both those who support Ukraine’s fightback and those who obsess to the point of sympathy with Russia’s ‘security concerns’ – there’s a belief that ‘realism’ must now prevail. Over everything. Even over Ukraine’s sovereignty. As a pro-Ukraine writer for the New Republic puts it, ‘God bless the Ukrainians’ but ‘Russia will probably overpower Ukraine’. No wonder Mr Scherba is flustered, when even Ukraine’s supposed allies are essentially saying ‘Get real’. It is clear now that ‘realism’ is a euphemism for conceding, for surrender even. Whether it’s the ‘realists’ who admire the resistance but think it is hopeless, or the ‘realists’ of international-relations theory who believe Russia’s security concerns must trump the Ukrainian longing for freedom, there’s a palpable defeatism in the discourse. Only it dare not speak its name. It calls itself ‘realism’ instead.
– Brendan O’Neill
“If you scare people enough, they will demand removal of freedom. This is the path to tyranny.”
– Elon Musk: entrepreneur, spacefarer, and annoyer of the Woke. (Quoted by Yaron Brook here.)
I have considerable respect for the Guardian‘s John Harris. Though a Remainer himself, he was one of the first left-wing journalists to see that the campaign to leave the European Union had popular support, particularly among the working class, and the reason he could see that while others could not was because he and his colleague John Domokos did what others did not and put in the legwork to report from “Anywhere But Westminster”.
But respect does not mean agreement. Mr Harris writes that “Nigel Farage’s hard-right faction won Brexit. Now net zero is in its sights” like that’s a bad thing.
Conflict with Russia seems suboptimal. But avoiding necessary conflicts is not avoiding but just delaying. Why would you do that? Putin’s miscalculation makes regime super fragile *for now*. Which means that’s the best time for escalation ever. Next time they’ll be more robust.
That’s important, because “deescalation” and defeating Putin are two different goals that require two different strategies. Deescalation means don’t threaten him in any way and give him as much as possible in a hope he won’t ask for more. Unfortunately that’s all wishful thinking
– Kamil Galeev
People who clutch at Mr Putin are like a drowning man – clutching at a poisonous snake.
– Paul Marks
I have been struck in my reading of the media, in conversations with people in the City and elsewhere, as to how the topic of COVID-19 has suddenly disappeared from regular conversation. It is true that the UK came out of lockdowns a bit earlier than some other countries. It is true that the embarrassments of the Boris Johnson Downing Street machine meant that Mr Johnson was afraid to reimpose any controls given that no-one would take him seriously. (One reason I am very sad about the passing of the late P J O’Rourke is the sport he would have had the expense of various governments over such hypocrisies). Even so, it is striking how fast Russia’s attack on Ukraine was able, in a flash, to take the bug away. Gone. Kaput. This is a virus that seems to know the news agenda. Amazing.
But we should not forget the past two years or more of lockdowns, of the pettiness, the bullying, the hysteria, the use of fear, the “what we can get away with”, the suspension of civil liberties, the North Korean-style worship of “Our NHS”, and indeed, we shouldn’t overlook the heroism of medical staff who dealt with the crisis particularly in the early months when the full nature of this bug was unknown. We should not forget China’s refusal to enable a clear analysis of what caused this shitshow, or its bullying of those who asked questions, of the biases of the World Health Organisation, the questionable actions and financial involvements of people such as Anthony Fauci in the US and the unease in asking if this bug came from a lab. We should not forget the shenanigans over PPE contracts in the UK, the frauds over loans to businesses, the cowardice and horribleness of the teaching unions and damage to education. We should not forget the stoicism of lorry drivers, supermarket workers, farmers, delivery drivers and logistics workers. We must not forget how parents could see what their children were learning online, and were shocked.
We must not forget these things.
With all terms that can be insulting, context is everything. For example, I would prefer people to not to write “I disliked the fact he used the N-word to insult him.” … I think it is far better to write “I disliked the fact he called him a nigger.”
Acting as if the word “nigger” is almost like speaking the True Name of Christ to unmake the world is not a good idea.
– Perry de Havilland
This description of Russia’s economy grows into an interesting analysis of how power and economic reality interact.
Some bits may strike you as not so very unlike Biden’s US.
Of course, it was all investigated. Of course, dishonest CEO of Russian factory was arrested. Fortunately, they found out that the governor was innocent & didn’t know about CEO’s shady schemes. … Fortunately her patriotism and hard work were well-noticed by Putin and he promoted her. Now she’s an Auditor of the Accounts Chamber of the Russian Federation. She’ll be checking the transparency of other branches of government and make sure they use government funds efficiently.
Other parts, however, give examples of how economic activity in places like Russia and Mexico is determined by things that we in the anglosphere are not too familiar with (yet!).
Russians are good in sciences and very good in math. … How come Russia can’t produce anything competitive on the world market? Apparently it’s not a technical skill that is a limiting factor.
Having asked the question, he goes on to provide answers.
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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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