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]
– Vivek Ramaswamy, interviewed here by Texan Congressman Dan Crenshaw.
Ramaswamy has founded a new investment business, Strive, that, shockingly, focuses more on building returns for investors than engaging in political positions. He is the author also of Woke Inc, an indictment of ideas that are hostile to free enterprise taking root in the boardroom. More power to this chap, I say.
A few days ago, HSBC (which is listed in London and Hong Kong) suspended Stuart Kirk, head of responsible investing at the lender, because of how he scorned efforts by regulators to exaggerate the financial and market impact of Man-made global warming. He gave a presentation, “Why investors need not worry about climate risk”, and this seems to have ruffled a few feathers at the bank. (Here is a link to his presentation.)
“Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong,” one of his slides noted. He highlighted sky-is-falling quotes from banking potentates such as Mark Carney, the former Bank of England Governor, who recently said the damage from climate change will dwarf the current pain from rising prices. Tell that to the working folks dealing with 8% inflation.
But then of course scoring virtue points about climate change is so much easier than not printing lots of money and trying to control inflation, I suppose.
By the way, I love Mr Kirk’s business title, “head of responsible investing”. As opposed to what, “head of irresponsible investing”, or “lazy investing” or “immoral investing”?
There appears to have been quite a bit of pushback, and I am thinking of ordering some popcorn. Standard Chartered chief Bill Winters is reported to have said that all should be free to “speak their mind” on environmental issues, even if executives disagree with them. (Standard Chartered, which is listed in the UK, makes much of its money in places such as Asia.)
And here’s another point: both HSBC and Standard Chartered, given the importance of Asia to their earnings, in 2020 backed Beijing’s imposition of a national security law in Hong Kong, designed to crush democratic opposition to moves around ending Hong Kong’s independence in legal terms under the agreement signed with the UK. Both these banks make much of their environmental, social and governance (ESG) credentials. Where does their defence of China’s bullying of Hong Kong leave their “social” or “governance” credentials, may I ask?
ESG is now a corporate religion in the industry that I report on. It is impossible to seriously criticise it, it seems, without endangering one’s career. That said, I think the hypocrisies and cognitive dissonance involved is showing strains. HSBC may regret suspending a man for telling what is essentially the truth. He is right that there is a lot of self-serving nonsense around ESG and that some people are making a fat living out of it. I hope Mr Kirk, if he is forced out, sues the pants off the bank.
The aforementioned WSJ article notes:
If climate change poses such an enormous economic threat, Mr. Kirk asked, why did asset prices surge as doomsday warnings increased? Either climate risk is negligible, climate risk is already in the prices, or all investors are wrong, he said. If you believe the latter, then you don’t believe in markets and shouldn’t be regulating them.
Credit to Mr. Kirk for exposing the hubris of the regulatory climate emperors even as his superiors shrink in fear.
It was a British thing. One passed the port from right to left. When in a moment of madness poor, doomed Clive passed the port to the right, there was only one way to atone.
Back in 1979 when that episode of Ripping Yarns came out, I expect our colonial cousins were amused at our former belief that right-to-left was fine yet left-to-right was abominable. Such absurd stress on an insignificant difference in the manner of performing an everyday action!
The Yanks of 1979 laughed at Brits of 1979 laughing at Brits of 1879. The Yanks of 2022 say, “Hold my beer.”
The chair of the Canadian Radio-television and Telecommunications Commission says a federal bill would give it power to regulate user-generated content, such as homemade videos posted on YouTube.
But Ian Scott predicted at a House of Commons committee that this would never happen as the broadcast regulator has no interest in overseeing content produced by individuals.
Even so, critics of the online-streaming bill have seized on his remarks, saying they contradict assurances by Heritage Minister Pablo Rodriguez that it would not give the regulator power over homemade content, such as cat or cooking videos.
Bill C-11, now going through Parliament, would update Canada’s Broadcasting Act and give the CRTC power to regulate online platforms such as YouTube, Netflix, Amazon Prime, Spotify and TikTok, along with traditional broadcasters. It would make digital platforms promote Canadian content, including films, music videos and TV programs, and contribute financially to their creation.
Scott Benzie, executive director of Digital First Canada, said the CRTC chair confirmed what digital-first creators have been saying since the bill was published. They have warned it could give the regulator power over their work, including posts by comedians, animators and gamers on platforms such as YouTube, TikTok, Snapchat and Twitch.
Give us power. We won’t use it, honest. We just want to keep it to look at. [Checks notes] No, not even to look at. We have no interest in overseeing content produced by individuals. Really, if that doesn’t reassure you I don’t know what will. We are so chilled that power bores us. Now hand it over.
On Sunday 15th May, Paris Saint-Germain played Montpellier. On that day, players in the French Ligue 1 were meant to wear football jerseys with the numbers in LGBT rainbow colours in order to commemorate the International Day Against Homophobia, Biphobia and Transphobia. Unexpectedly, Mr Gueye did not play in that match. So far as I can find out with my limited ability to search news reports in French, he has not said why he sat out the match, but it is widely believed that it was because he felt that it would be incompatible with his religious beliefs to wear a shirt in Pride colours. He is a practising Muslim.
Via Paul Embery, I found this quotation from a letter that the FFF (Fédération Française de Football / French Football Federation) sent to Mr Gueye on May 17th:
“There are two possibilities, either these allegations are unfounded and we invite you to speak out without delay to silence these rumours. For example, we invite you to accompany your message by a photo of yourself wearing said shirt.”
“Or the rumours are true. In this case we invite you to realise the impact of your act, and the grave error committed. The fight against discrimination towards different minorities, whoever they might be, is a vital fight for all times. Whether it’s skin colour, religion, sexual orientation, or any other difference, all discrimination is based on the same principle which is rejection of the other because they are different from the majority.”
“By refusing to take part in this collective operation, you are effectively validating discriminatory behaviour, and rejection of the other, and not just against the LGBTQI+ community. The impact of football on society and the capacity for footballers to be a role model for those who admire them gives us all a particular responsibility.”
One does not have to share Mr Gueye’s religious beliefs, or his (probable) opinions on LGBT issues, to see something sinister in this demand that he make a display of loyalty to prove his “innocence” of a charge that he did not participate in what is effectively the visual equivalent of compelled speech.
Why do they bother? They say Gueye must get himself photographed in a rainbow shirt because he’s a footballer and thus allegedly a role model. But such gestures of solidarity are inspiring only if they are known to be sincere. No one is going to be inspired to rethink their prejudices regarding gay people if and when Idrissa makes some obviously reluctant gesture of support.
Salford University has banned sonnets and suchlike “products of white western culture” from its creative writing course to “decolonise the curriculum”. I say ‘banned’ but they say they merely
“simplified the assessment offering choice”
and I have to admit there is a sense in which ‘simplified’ is the mot juste.
Frequent readers of Samizdata will now be expecting Niall Kilmartin (a.k.a Bilbo Baggins) to inflict some of his own poetic doggerel on you, but as none of mine even try to be any kind of sonnet, I will instead quote Neo’s response to the news.
My grief is deep, as deep as oceans vast
But virtue has its own reward, and so
I’ll give up sonnet-writing, and the past
Can sink beneath the waves of gloom so low.
Old Shakespeare, with his bootless bootless cries,
No doubt was white and certainly supreme.
Let’s stamp him out, and “colonization” dies.
We’ll show fidelity to the new meme.
Oh Wordsworth, even more forlorn are we.
Bereft of your old counsel, now we stand
On their less wise and quite unpleasant lea
Without the comfort of tradition’s hand.
The poems they write today are stupid shite
And sonnets are too challenging to write.
[If you compare with Neo’s original you will see that Niall get-the-scansion-perfect Kilmartin has made a tiny change at the start of the fourth-last line; feel free to comment and/or upbraid me any who wish. I have also skipped Neo’s link to the meaning of ‘shite’, assuming British readers know it, and transatlantic ones can deduce it from the context and from a certain rather obvious homonym. 🙂 ]
Neo has not offered an example of the modern, de-colonised poem that must now be written instead. Commenters are welcome to fill the lack with genuine examples or their own spoofs, or to share much loved poems, or just to give their opinions.
It was foresighted Robert Conquest who wrote, decades ago, that alongside ‘War is Peace’, ‘Freedom is Slavery’ and ‘Ignorance is Strength’, there was another essential slogan of totalitarianism that Orwell had (surprisingly) omitted:
Rubbish is Art
and of course, its corollary: Art is Rubbish (and racist and …).
She paid the foundation an additional $390 over her uses of the 6,500 square-foot Studio City property for two private events.
The chair of BLM’s board of Directors, Cicley Gay, had this to say:
‘We are decolonizing philanthropy,’ Gay said. ‘We, as a board, are charged with disrupting traditional standards of what grant making in philanthropy looks like. It means investing in black communities, trusting them with their dollars.’
I am sure BLM will have no trouble trusting black communities with the last few dollars left over once the organisation has taken its cut.
I am an atheist – I don’t even seek any cover in the “foxhole” of agnosticism, or pull the “religion isn’t true but it keeps the plebs in line” sort of argument that I have sometimes come across. Full disclosure: I am a confirmed Anglican but fell away over the years, primarily because I could not engage with the idea of belief via faith. I know a lot of people who are religious, if not noisily so. I respect them and love many of them, and vice versa. It really is as simple as that.
Occasionally I come across the phenomenon of the “noisy atheist”, and am reminded what an unlovely creature that is. On my Facebook page, I follow a few groups such as one dedicated to Second World War allied pilots (I am an aviation history geek. Bite me.) Recently, a Canadian pilot, who flew Spitfires in the war, died at the tremendous age of 100. I wrote something along the lines of “Rest in Peace and blue skies to the brave gentleman.” All of a sudden, when I woke up the following day, I noticed that my comment and that of many other people had elicited comments from a person who wrote words to the effect of “religion is crap – grow up” or “your beliefs are a piece of shit”. The person has his own FB page on the subject of military history and makes a big point of his being an atheist. So it is probably not a Russian bot, although one never knows.
What to make of this other than the fact that some people are sociopaths, or just plain unpleasant and in need of some direct lessons in manners? Well, what it proves to me is that if you firmly hold to the idea that belief in a Supreme, omniscient god is nonsense, then it is absolutely fine to express that view, but not in a way that is so rude, or by injecting your views into the conversations of others, and ignoring context completely. Ironically for this digital yob, he has achieved the opposite effect in anyone whom he might have tried to convert, by associating unbelief with rudeness and crassness.
Atheism is the absence of belief, rather than a positive belief in X or Y. (To go further, atheism is the view that the idea of god is incoherent and therefore existence of gods cannot be true. A thing cannot be beyond nature and above it, as a god is, because nature is all of existence and to be outside it makes no sense. (That is my understanding of what atheism is, properly defined.)
There are, in my experience, a great variety of atheists, such as by their political beliefs and for some, belief in political or other ideologies fills a sort of philosophical hole. For other atheists, the lack of belief in a God creates no such “gap” – they have a coherent philosophy of life requiring no props of any kind. That is where I stand. Some atheists can be socialists/collectivists, others on the libertarian, classical liberal/Objectivist end of the spectrum, others traditional conservatives and so on. Some can be agreeable, philosophical and rounded as human beings. Some, alas, are just plain bloody awful. It seems to me that I have encountered the latter.
Anyway, I share these musings to reflect on etiquette and how social media has given opportunities to encounter humans at their best and their worst. On a positive end point, I have met a lot of good people via social media, in terms of actual friends whom I meet for real.
… Jewish passengers were confronted by a layer of armed police who stood between them and the departure gate. In a scene that conceivably would have won critical praise had it been staged in a dark historical comedy, one of the distressed passengers asked plaintively, “Why do you hate us?” as the officers grimly surveyed them. Then someone else said the word “N—” … one of the offended police officers began barking in a thick German accent, “Who said the ‘N’ word? Who was it?”
[Excerpted from this article, edited to omit some letters following ‘N’ lest these offend any German police readers, or sympathisers thereof.]
One can hardly blame a German policeman for speaking “with a thick German accent”, and in Germany, it is a crime to call a police officer that word. Prudent Germans who wish to use the word without consequences are better advised to apply it to Donald Trump, or to call Israel a ‘N— state’. And prudent Jews who find themselves in Germany were reminded three years ago by the (perhaps unfortunately termed) ‘German anti-semitism commissioner’ to avoid looking Jewish – advice these “visibly Jewish” Lufthansa passengers had completely failed to heed.
I guess one take-away from this is that, next time anyone make a fuss about “the ‘N’ word”, they’ll need (and frequently deserve!) to be asked, “Which one?” Commenters are welcome to add any other take-aways that occur to them.
Then you will LOVE this ABSOLUTELY FREE (and gloriously 70’s K-Tel) video brought to you by “Mercurius”, “SNP Economics Explained”. It isn’t just for Scotland. It works for YOUR government, too, GUARANTEED.
Because everything is easily solved by pledging more money.
No tax rises required.
No cuts to other services.
No need to set the conditions for a growing economy to take in more tax.
A fairer society means pledging to pay for everything, absolutely FREE
It’s that easy!
Have a £5,000 cash injection every day.
Hell, why not have £10,000? Now that’s compassionate!
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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