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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Recently some teacher acquaintances on Facebook were discussing the recent public sector strike. Some were annoyed at accusations that they had spent the day shopping. Others said they had enjoyed spending the day shopping. Someone posted a message pointing out that Jeremy Clarkson, who said rude things about the strikers, was more than welcome to do a hard job saving lives or teaching disabled children. It occurred to me that, among other things, not all and probably less than half of public servants do such worthy jobs, and in any case what is relevant is what is really going on, which is that whatever the job, public servants (including (heh) Jeremy Clarkson, according to NickM) get their salaries and pensions from money extorted from others.
I considered getting involved in the conversation. I mentioned it to Michael Jennings. “The problem is that they think we are mad,” he said. Not only that, I thought, they will take offence and cast me out of society. “And they have the generally accepted narrative,” Michael observed. “How did this happen?”
I have some ideas about that. They are not original, have probably been stated better by someone else, and a more erudite person than I might well be able to summarise this entire post by stating the name of some philosopher or linguist. But here is my train of thought.
The primary purpose of language is cognition. So says The Monster in an epic comment on Eric Raymond’s blog.
I believe that communication is not even the primary use of language, despite the common belief that it is. That honor belongs to cognition. We use language to think; we produce names for groups of concretes that share certain properties and thereby achieve computational economy by not having to reason independently about the characteristics of every member of that group anew, as if we’d never seen any other members before.
This was in defence of an article by Eric Raymond in which he had used the same insight to seek to “undo the perversion of language that serves the enemy so well.” Clever use of language can manipulate people’s ideas. It makes sense: we put things into words to abstract big ideas and reuse them quickly and easily. I am a computer programmer. In software we write some code to, say, sort a list of items into numerical order, we give the code a name (sort) and then we just type ‘sort’ whenever we want to sort a list. If everything works to plan, we never have to think again about how that sorting code works. We have abstracted it. We might do some sorting of specific kinds of list mixed in with some other algorithm to do something complicated, like display a list of all the teachers in a payroll database whose salaries are greater than x, and give that code a name (GenerateRedundancyCandidates). In this way we build up layers of complexity at increasing levels of abstraction and get to do vastly complicated things with not as much effort as you might think.
Human language is the same. And therein lies a danger, because humans are not like computers: they are likely to forget that the word stands for something real, or get confused about what it stands for, or change its meaning half way through a sentence. → Continue reading: The map is not the territory
I cannot avoid coming to this conclusion – that there are too many great men in the world; there are too many legislators, organizers, institutors of society, conductors of the people, fathers of nations, etc., etc. Too many persons place themselves above mankind, to rule and patronize it; too many persons make a trade of looking after it. It will be answered – “You yourself are occupied upon it all this time.” Very true. But it must be admitted that it is in another sense entirely that I am speaking; and if I join the reformers it is solely for the purpose of inducing them to relax their hold.
– from The Law by Frédéric Bastiat (on the penultimate page (54) of this pdf edition)
Ah yes. To fight politics, you have to do politics. And before you know it, you are what you were earlier warning the world against.
As was flagged up by this recent SQotD, I have been reading The Last Crusaders by Barnaby Rogers, the point of this posting being that some of these Last Crusaders were also the first global explorers. This can’t be a review, because I have only reached page 50 out of 481, but I will be very surprised if my good opinion of this book now is in any way challenged by the experience of reading the rest of it.
A question that had always vaguely puzzled me, in a very not-thinking-about-it-carefully way, was: why Portugal? How come Portugal, of all now rather insignificant little backwaters, was the country that lead the way in the European conquest of so much of the rest of the world, a gigantic epoch only now drawing to a close?
It is of course not at all hard to see how this should be. Portugal may now be a backwater (I’ll say more about that at the end of this posting) but in the fifteenth century, from the point of view of exploring the world, it was a frontwater. All you need to do to understand how Portugal led Europe into the big wide world out there is to stop looking at the Portuguese East Indies or the various Portuguese parts of Africa or South America (which is what I had been doing), and look instead at Portugal itself, and its immediate surroundings. Once you do that, Portugal making the first big steps in the when-Europe-ruled-the-world story is not just explicable, it is close to inevitable.
Time for a date. In 1415, Portugal captured and, even more significantly, subsequently held the North African trading city of Ceuta, just across the Straights of Gibraltar from Gibraltar itself. They hoped this would drop into their laps all the trade that was done between West Africa and everywhere else through Ceuta. But not for the first or last time, grabbing the physical place turned out not to mean effortlessly controlling what had previously gone on there. Nevertheless, it was a start, by which I mean a start in the process of Europe confronting Islam not in the obvious way, but the other way. The obvious way was to bash on against Islam in the Eastern Mediterranean and surrounding parts, the Balkans, North Africa and what we now call the Middle East. The other way, of course, as we now all know, was to go round it.
Forget for a moment all the European nations who subsequently did this, and forget all the many places the world over that they arrived at and did business in and with. Consider only the very first steps in that process, that needed to be taken in the early fifteenth century. What did they consist of? Basically, someone European needed to sail down the coast of West Africa, establishing bases and trading relationships along the way.
If this had been easy, Portugal would probably never have lead the way. Spaniards, Genoese and Venetians, even though preoccupied with that Islam bashing in other parts of the Mediterranean world, would probably have overwhelmed those very early Portuguese efforts. But crucially, it was not easy. The Atlantic was a huge barrier, requiring huge efforts before even the possibility of profit could cut in. So far so obvious. But what is less well known nowadays (certainly not known by me until now) is that something similar applied to the West Coast of Africa. → Continue reading: How Portugal led the world past the Cape Bojador barrier
Legitimately self-made African billionaires are harbingers of hope. Though few in number, they are growing more common. They exemplify how far Africa has come and give reason to believe that its recent high growth rates may continue. The politics of the continent’s Mediterranean shore may have dominated headlines this year, but the new boom south of the Sahara will affect more lives.
From Ghana in the west to Mozambique in the south, Africa’s economies are consistently growing faster than those of almost any other region of the world. At least half a dozen have expanded by more than 6 per cent a year for six or more years.
The Economist, 3 December, page 77. (Behind the magazine’s paywall, so thank me for typing it out for you). The magazine has a nice study of the continent, laying out the continued problems but also the many bright spots. There is a handy map showing which countries have the fastest and slowest GDP growth rates, with the fastest rates in black (Ethiopia, at 7.5 per cent), then red, lighter red, all the way down to the deadbeats, in white. Of course, in looking at percentage rises or falls in growth, it pays to remember that statistics can be highly misleading (hardly a surprise to any skeptics of government, of course) and it is easy to rise fast from a low base. But still, these numbers are indicative of a more positive picture.
Needless top say, Zimbabwe came at the bottom of the growth league. It remains a grim lesson in how collectivism, cronyism and debauchery of money spell disaster. If parts of Africa are beginning to understand the follies of this and start to make serious money, that is excellent news. For a start, refugees from the hellholes of the continent might, instead of entering sclerotic Europe, choose to make a life in a more congenial place elsewhere.
Of course, there have been false dawns before. But with the flood of money entering the continent from China (after all that commodity wealth), I have a feeling that the rise of Africa has some staying power, particularly given the young demographics. Of course, it could all be messed up from things such as a rise of global protectionism.
There is something about this story about bank debt buybacks that I don’t quite understand, although I have only had two cups of coffee as of the time of writing:
“European banks are turning to buying back their own debt in order to raise some of the billions in extra capital required by regulators. At least six major banks have launched debt buybacks in the last two weeks and investment bankers say more are likely.”
Okay, so if a bank has debt – ie, others are lending it money – and the bank buys back, or in other words, pays off some of that debt, like paying off a credit card, say, how is this raising capital? The bank is presumably paying the debt off with, er, what? Fairy dust?
“In Lloyds’ case, it will exchange bonds previously issued for new instruments that are compatible with new regulations. The move allows lenders to book profits and reduce the stock of non Basel III capital on their books without issuing new equity or offloading assets.”
This is not very clear. What is the defining characteristic of “Basel III capital” in this case?
Finally we get a glimmer of how this actually works:
“The capital raised in this way is likely to be in the hundreds of millions. It boosts earnings by realising “own credit” gains that are otherwise purely theoretical. The market price of banks’ debt has fallen dramatically in recent weeks, which enables banks to buy back their debt for an amount above the market price but below the cash they raised by selling the instruments, booking a profit.”
Now I understand – I think.
As usual, the CityAM publication has a blisteringly good item on the Eurozone’s latest absurdities today. It is become my daily morning read. The fact that several of its writers are friends and acquaintances is, of course, purely coincidental.
It is pretty clear that, whatever big criticisms it launched at George W Bush and his administration when it was in power, that Reason magazine seems to have taken things up another notch after a recent frank, and frankly appalling speech by The One. David Harsanyi is not a happy bunny:
“Smart people can grouse all they want about the supposed zealotry of the tea party or the conservative presidential field (and sometimes, they might be right), but Obama’s mimicking Teddy Roosevelt’s end-of-career hard left turn tells us a lot about the president’s worldview. In his speech in Osawatomie, Kan., Obama dropped almost all pretenses and made the progressive case against an American free market system, which he called “a simple theory…one that speaks to our rugged individualism and our healthy skepticism of too much government….And that theory fits well on a bumper sticker. But here’s the problem: It doesn’t work.”
“Obama, after all, is such a towering economic mind that in Osawatomie, he once again blamed ATMs (and the Internets) for job losses. This is a man we can trust. “Less productivity! More jobs!”
“That’s not to say capital isn’t useful occasionally, of course. A few days ago, Obama hosted a $38,000-a-plate fundraiser for wealthy Manhattanites. The president—with the Democratic National Committee—has hauled in more cash from rent-seeking financial-sector companies than all Republican candidates combined. This president has supported every big-business bailout with taxpayers’ money, even though he claims they shouldn’t be on the “hook for Wall Street’s mistakes.”
“But it is refreshing to hear Obama come out and give us a clear picture of this country in all its ugly class-conscious, unjust, menacing glory rather than veil his arguments with any of that soothing rhetoric that got him elected last time. It’s time, my friends, for a new square deal.”
And yet I have this fear that Obama is going to win next November.
Incoming email from newly signed up Samizdatista Rob Fisher (who can only do emails right now) about how Oxfam is proposing a global shipping tax. Watts Up With That? has the story.
Says Rob:
This is extraordinary. Read the whole thing but in particular the money flowchart diagram.
Bishop Hill calls this Oxfam creating famine.
Says Anthony Watts:
These people have no business writing tax law proposals, especially when it appears part of the larder goes back to them. This is so wrong on so many levels.
Says Bishop Hill commenter ScientistForTruth:
These [snip – please tone down the language] are in principle no different from the pirates operating out of Somalia, wanting to skive money off international shipping. And just as Oxfam would be solicitous to ensure that no-one gets their hands on the dosh unless they sign up to an eco-fascist agenda, so the pirates will be sure to share the booty only with their mates.
I do enjoy those Bishop’s Gaff Bishop’s Rules bits in his comments section. Perhaps “what a bunch of total snips” will catch on as an insult.
This is a pretty decent check-list for suspected bad science from blogger Eric Raymond. It is the sort of thing that it would be useful for trainee and even experienced journalists to learn.
Listening to Pergolesi’s Stabat Mater is like drinking champagne with God.
– HC Robbins Landon
Quoted on BBC Radio 3 today, by music scholar Lionel Sawkins, in a programme about Le Concert Spirituel, which seems to have been an eighteenth century French version of the Proms. Pergolesi’s Stabat Mater was the single most popular piece played at these concerts.
Knowing my fondness for pictures of London’s Big Things, taken from irregular places, South African blogger 6k (a scroll down there is recommended) has just emailed me with a link to this Daily Telegraph picture, which is a view from near the top of London’s BT Tower, of such things as the Gherkin, the more distant Docklands Towers, and the now nearly completed Shard. Yes indeed, well worth a click and a look. I know I’ve said it many times before, but I love how, with this new internet thing they’ve installed recently, people six thousand miles away can email you to tell you about interesting things in your own back yard.
But the real story here is not the view from the BT Tower. It is what the view of the BT Tower is going to look like from now on, and why:
BT Tower press officer Ian Reed said: “The huge dishes are synonymous with the tower and it truly is the end of an era. With the introduction of fibreoptic cable, the satellites have been defunct for many years and have reached the end of their lifetime. People will remember the dishes from when they were children – they were responsible for 90 per cent of the TV shown in the country. They were a landmark and could be seen all over London.”
I had no idea this was going to happen. [LATER: And either the DT or Ian Reed has it wrong also. As commenter Roue de Jour explains: “They’re not satellite dishes they’re microwave dishes. They point to similar dishes on masts on a line-of-sight. Satellites are not involved in any way.”]
Here are a couple of before and after shots of the Tower, how it looked and how it now looks. And here are two shots I took of this tower, with its big dishes, in February 2006.
I wonder what will happen next? Will they just fill in the gaps with dreary windows and office space? Or will new and different high tech contraptions be installed? I fear and expect the former, but hope for the latter.
LATER: See also another amazing London tower picture, the very first one of these. Those are the Docklands towers.
Paul Mason, BBC Newsnight’s economics editor (and the guy who fronted that Keynes v Hayek radio show we’ve blogged about here), picks Detlev Schlichter’s Paper Money Collapse as one of his five economics books to give people for Christmas.
Mason begins his Guardian piece thus:
Two questions predominate in this year’s slew of books on economics. The first is the most obvious: how do we get out of this mess? It’s a question that has set authors along many roads but they all lead to the same destination: a bigger role for the state and the need for renewed international co-operation.
Which, alas, explains why Detlev Schlichter is so pessimistic about good sense prevailing in financial policy before ruin engulfs us all. The world’s rulers have pushed the world slowly but surely into a huge hole, and all that Mason’s authors (aside from Schlichter) can recommend is digging the hole ever deeper.
A “bigger role for the state” is not the solution to the world’s problems just now. That is the problem, and it has been for many decades.
At least Schlichter’s kind of thinking is getting around, and, as this piece by Mason proves, in some somewhat surprising places. Mason may not fully understand Austrian economics to the point of actually agreeing with it, but he does seem (as I said towards the end of this earlier posting) to respect it. He knows it is saying something important.
Schlichter has been unwavering in his pessimism about the world getting “out of this mess” and he is being proved more right with every week that passes. When total ruin does arrive, we can only hope that he and people with similar opinions to his will then be listened to rather more.
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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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