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Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
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Here:
In a fascinating 36 minute interview, Cobden Centre Radio’s very own Brian Micklethwait speaks to James Tyler, the Chief Executive of Tyler Capital and a member of our Cobden Centre advisory board.
I’ll surely have more to say about this, but busy day today. So suffice it to say, for now, click on this to listen to the mp3, or follow the top link to find it as a podcast.
My main general impression of James Tyler was what a good and thoughtful person he is, very much his own man in how he thinks about things and goes about things, yet in no way scornful of or unsympathetic towards others who take the road more travelled. If the propaganda fence to be got over is that Austrian economics, once you’ve been told about it by your resident lefty, is an excuse for billionaires to piss on everyone, then a man like Tyler is just the sort to get you thinking that it’s a whole lot better and more intelligent than that.
His central point was that nobody should have the kind of power over economic life that our current powers that be (“crony capitalism”) do now have.
Chris Dillow, over at his Stumbling and Mumbling blog, writes this:
“A few days ago, the great Paul Sagar noted an asymmetry in the Tory attitude to “fairness” – that whereas they are keen to point to the “undeserving poor”, they are silent about the undeserving rich. I was reminded of this by listening to Nick Clegg on Desert Island Discs.This provoked the question: why do the undeserving rich not recognise their undeservingness?”
The reason why they do not “recognise their undeservingness” is that they are not asking that the state, with its violence-backed power to tax, should give them something, only that they should be left alone to enjoy their wealth, whether it be undeserved or not. On the other hand, if we are going to have a state with these powers to make transfer payments, then it follows that people are more likely to support such coercive transfers if they are made to people who are considered, by some measure, to “deserve” these transfers. Seems a fairly simple argument to me.
More broadly, though, the idea of “deserving” poor or “underserving” rich is, in my view, loaded with ideological significance, depending on who is using the term. Clearly, people feel a lot more relaxed about handing out money – either from a charity or from a government department – to people who are down on their luck but of good character, than they are about handing it out to the feckless. Similarly, it follows that there is more support for taxing supposedly “undeserved” wealth than “earned” wealth. The trouble with such words, of course, as has been shown by FA Hayek in his famous demolition of payment-by-merit in The Constitution of Liberty, is who gets to decide whether our circumstances came about due to “desert” or not. Such a person would have to have the foresight of a god. It is, as Hayek argued, impossible to do this without some omipotent authority being able to weigh up a person’s potential, and then being able to measure whether that person, in the face of a vast array of alternatives, made the most of that potential.
Another point for redistributionists of all kinds to remember is this: if person A does not, according to some yardstick, “deserve” his or her wealth, then neither does anyone else “deserve” that wealth, either, since why should they presume to grab the benefits of such unearned luck? The logical result, surely, would be to destroy that wealth, so that no-one receives it at all.
Of course, whether Nick Clegg or David Cameron would give such a comment is unlikely; I guess they’d go on about how their good fortune means they have an “obligation” to “society” in some form. That seems to be the view of a lot of those who come into the world with a lot of good advantages. It is by no means a fake or ignoble motive, at all; there is some sense, after all, that a lot of people are dealt a shitty hand by natture or Providence and that there ought to be a way that those down on their luck can get something better. But such a point of view in no ways sanctions state thieving (tax), in my view.
 Hanoi, Vietnam. October 2010
Apparently, it takes about a third of a century for the remains of a B-52 that fell into a lake after being shot down to turn into an interesting piece of municipal sculpture in a nice part of town.
Okay…
Karl Rove, a leading advisor for George W. Bush and therefore one of the people who made the Obama presidency possible, has launched another attack on Sarah Palin.
If I were her, I would be grinning from ear to ear.
Incoming from Sam Bowman of the Cobden Centre (and also the Research Manager and Blogmeister at the Adam Smith Institute – most recent blog posting here):
This Thursday 28th October, the world’s leading economist of the Austrian school – Jésus Huerta de Soto – will be giving the first annual Hayek Lecture on the topic “Financial Crisis and Economic Recession”. The lecture is a great chance to hear about the Austrian Business Cycle Theory from its leading living theorist. It’s free, no advance tickets are needed. It starts at 6:30pm and full details are available here.
That event has already been flagged up (although somewhat imperfectly!) here. The Cobden Centre head honchos are hoping for a good-to-bursting type turnout, to keep the buzz they are already creating buzzing along and buzzier. So if you can just show up, do. No compelling need to listen to everything that carefully, or not first time around, because unless things go badly wrong the event will be recorded. I will be going, and I expect to learn a lot.
And there’s more:
A conference is being put on in London on Saturday 13th and Sunday 14th of November by the Positive Money campaign. The conference is not Austrian – there will be speakers from a range of intellectual viewpoints – but it will focus on the issues of money and banking and will have lectures from several Cobden Centre board members, including Toby Baxendale, James Tyler and Steve Baker MP. Full details are available here.
One of the things I most like about the Cobden Centre is how they cooperate so enthusiastically and helpfully with other groups which have broadly (rather than merely narrowly) similar agendas, that latter event being typical of this mind-fix.
It may be surprising to present-day readers to think that it was once thought a “soft option” to transport a convicted criminal to a colony such as Australia’s Botany Bay. But as this letter shows, that is what some influential people thought at the time:
“the sentence of the Court is that you shall no longer be burdened with the support of your wife and family. You shall be immediately removed from a very bad climate and a country over burdened with people to one of the finest regions of the earth, where the demand for human labour is every hour increasing, and where it is highly probable you may ultimate regain your character and improve your future. The Court has been induced to pass the sentence upon you in consequence of the many aggravating circumstances of your case, and they hope your fate will be a warning to others.”
Sydney Smith, Whig clergyman and wit, as quoted in Robert Peel, by Douglas Hurd, page 78.
As an aside, Peel was involved in two issues – re-connecting bank notes to bullion, and the 1844 Bank Charter Act – that have enduring relevance to our own time. Hurd’s biography is very readable and has a nice tone to it; in my view, however, Norman Gash’s study remains the definitive one.
Surfing on the blogs, I came across this item that I have not seen anywhere else. Israel has, potentially, some pretty handy oil resources.
Wow, better tell Halliburton & all those nasty right-wing neocons and advise them to cook up some fake reason for invading the place…
This article has more.
(Seriously, apart from the mobile phone, is there any invention that is more empowering for people in poor countries than the motorcycle?)
– Michael Jennings parenthesises during the early stages of a piece about taxis the world over and about taxis in Vietnam in particular. Transport Blog has been in a coma of late, but it is now showing definite signs of renewed life.
This news story, if it turns out to be accurate, should cheer up the retailers of booze at airports.
“Of course Peregrine Worsthorne is sane. He is just a typical example of the sort of châteaux bottled shit that floats at certain rarefied levels of British society exuding a miasma of highly articulate ignorance from every orifice.”
– Our own Perry de Havilland, writing in response to my less-than-awestruck view of Worsthorne, an ageing Tory paternalist.
 Paris, France.
Bucharest, Romania. July 2010.
Bender, Transnistria. August 2010
Chisinau, Modova. August 2010
Vientiane, Laos. October 2010
Initially, when I saw the article, I wondered what on earth the editorial honchos at the Spectator Coffee House blog were doing in allowing this piece of invective to be published about the Tea Party movement in the US. But maybe those guys are actually being very smart, since the article is so bad, so unhinged, that it bears out the truth of what this Daily Telegraph columnist argues, which is that a large chunk of liberal (in the US sense) opinion is in total denial about what the Tea Party movement is about. It is just not within their mental frame of reference to comprehend ordinary voters rebelling about having to pay higher taxes for higher spending. (“But darling, how can the little people be so ungrateful?”).
The Coffee House article tries to dismiss the TP movement is nothing more than a front for religious extremism. Now I don’t particularly care for religion and as regulars will know, I tend to regard the separation of church and state as being one of the good things about the US, although the idea of such separation is not explicitly called for in the US Constitution.
But what the author of the Spectator Coffee House piece does not ask is this: if some of the Tea Partiers are playing fast and loose with American history, then are not the supporters of Mr Obama, and the bailouts, and the money printing of the Fed, also taking liberties with the intentions of the Founders? And that, surely, is what this is all about. The anger that is felt across the US among ordinary people is that their country is being bent out of shape by a group of people who hold them in contempt.
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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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