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]
Following the recent controversy about the closure of a bank account of former UKIP leader Nigel Farage (he is said to have banked at Coutts, although he did not identify that lender by name in his own story), more information about what might have caused this decision is coming out. Dominic Lawson, son of the late UK Chancellor of the Exchequer, Nigel Lawson (the TV cooking writer and literary editor Nigella Lawson is Dominic’s sister), has been through a similar process in the case of his daughter, who has Down’s Syndrome:
In 2016 we decided to open a bank account for her. She has Down’s Syndrome; this was not something she could do herself. But when my wife Rosa went to the Barclays in our nearest town (where Rosa had had an account for many years), she was told it would not be possible for Domenica to have an account. No reason was given. Fortunately Rosa knew the manager there — the position now no longer exists, and the branch itself is about to close — and he said that he would look into the matter.
He came back to Rosa: ‘I’m really sorry, but it’s out of our hands. It’s because of money-laundering risks. ‘I know this sounds ridiculous, but it’s because of Domenica’s grandfather. He is a politically exposed person.’ This was a reference to Nigel Lawson, my late father, the former chancellor, who was by then a member of the House of Lords. And as the Lords is a legislative assembly, that counted under the regulations. As, absurdly, did his granddaughter, who was of course oblivious to the bank’s implication that she might be a link to money laundering, or the funding of an international drugs cartel.
A friend of mine, known to several who write for and manage this blog, is a member of the House of Lords. I know several, in fact. Maybe they should phone their banks.
Eventually, we did manage to open an account for Domenica there, but it involved the most exhaustive form-filling, with much toing and froing between us and Barclays’ compliance people in London.
It seems that this insanity has struck sufficiently close to home that the UK government, usually a model of inanity and uselessness, is getting involved. After all, the Tories know they might be out of office soon, and might not want to go through what Mr Farage, the Lawsons, and several others have been through.
As I said in a comment on Patrick Crozier’s article about the “de-banking” of Mr Farage last week, this also demonstrates the danger of what are called central bank digital currencies. The potential for governments, such as those admiring the “social credit” regime of Communist China, to use CBDCs to enforce “correct” behaviours and suppress “bad” ones, such as blocking payments for alcohol, or closing contributions to unpopular causes, are dangerously large. Consider what the Canadian government of Justin Trudeau did to those financially supporting the anti-vaccine truckers, for example.
As an aside, what the current situation demonstrates is the lack of real choice in the banking system as it now operates. Linked to central banks for their funding, with CBs as “lenders of last resort”, and anti-money laundering laws imposed by force, bankers are no longer able to have confidential conversations with a client. A banker is obliged by law in most major industrialised nations to report on transactions they deem suspicious, for example, for whatever reason, and woe betide the banker that doesn’t. There are requirements such as Suspicious Transaction & Order Reports in the UK. The US Securities and Exchange Commission operates a similar process. In Switzerland, once renowned for its bank secrecy, non-domestic Swiss clients are no longer under its protection.
Politicians and their cheerleaders might applaud the “ghosting” or “de-banking” of people they dislike, but they ought to be aware that these powers cut both ways. Imagine if, for example, protest groups were to be designated as “terrorist” or whatever. Imagine if Just Stop Oil, Extinction Rebellion, or some other group, gets this treatment.
The identitarian left’s nightmarish image of Britain is utterly divorced from reality. It also flies in the face of ethnic minorities’ own view of the UK, wilfully misrepresenting their experiences. Many groups are very content with life in Britain and are optimistic about the future. Yes, they believe that more needs to be done to strengthen equality of opportunity. They no doubt still experience challenges. But ethnic minorities generally view Britain as a place in which people have a chance to thrive.
HSBC accused of persecuting dissident Hong Kongers who flee territory
The bank allegedly prohibited residents of the city state from making pension withdrawals
Before it decided it would be trendier to be known only by its initials, HSBC was the Hong Kong and Shanghai Banking Corporation, reflecting its historical origins. Despite its name and its subservience to a foreign government, it is a British bank. (British banks are meant to be subservient to the British government, dammit.)
HSBC has been accused by UK and US politicians of persecuting dissident Hong Kongers who leave the country over pension rights.
Alicia Kearns, a Conservative MP and chairman of the foreign affairs committee, and Mike Gallagher, the US Republican representative, wrote to bosses at the FTSE 100 lender expressing “deep concern” about HSBC prohibiting some Hong Kong residents from making pension withdrawals.
In the letter to chief executive Noel Quinn, which was first reported by the Financial Times, Ms Kearns and Mr Gallagher wrote: “We are concerned that HSBC – in support of the Hong Kong National Security Law – is withholding pension funds from BNO [British National Overseas] passport holders and thus contributing to the oppression of people in Hong Kong.”
The rebuke comes as HSBC faces growing scrutiny of its activities in China and Hong Kong, where it has been accused by British MPs of complicity in human rights abuses.
HSBC supported a Beijing-backed law introduced in 2020 that banned anti-government activity in the former British colony. At the time, the bank said it “respects and supports all laws that stabilise Hong Kong’s social order”.
Since the law was introduced, HSBC has frozen the bank accounts of a raft of activists, including pro-democracy politician Ted Hui, on orders from Hong Kong police.
As Patrick Crozier posted about yesterday, several UK banks and building societies have looked upon what their HSBC colleagues did in Hong Kong and found it worthy of imitation in their home country. And not just to famous people like Farage: the Daily Mail reports that when the Yorkshire Building Society sent an Anglican vicar an email asking for feedback and he responded criticising the presence of material on their website that talked about LGBT and gender issues, the YBS closed his account. The fact that the Rev. Richard Fothergill did not initiate the correspondence but merely gave his opinion having been asked for it is somehow particularly galling.
And in a way it never would. It would be insinuation, something that is never directly said, therefore not obvious nor arguable against.
Mr Worstall is undoubtedly right about the insidiousness of the banks’ strategy, but I have some hope that he will be proved wrong about it staying undetected. The Yorkshire Building Society sounds thoroughly defensive in this tweet, which has been viewed three quarters of a million times:
We never close savings accounts based on different opinions about beliefs or feedback from customers. We only ever close an account if a customer is rude, abusive, violent or discriminates in any way, based on the specific facts, comments & behaviour in each case.
— Yorkshire Building Society (@Yorkshire_BS) June 30, 2023
Is it ever possible to take a neutral position on the importance of free speech? The task certainly seems quite difficult. As Vogue’s favourite philosopher, Amia Srinivasan, notes this month in the London Review of Books, many Right-wingers seem to assert the value of free speech, mainly or even only to make room for political views the Left would prefer smothered at birth. Occasionally, someone on the Right will complain about the suppression of a position or person they don’t agree with, but usually more to avoid complaints of inconsistency than anything else.
The Left, however, also has its blind spots — many of which are apparent in Srinivasan’s essay. Scathing about the new Higher Education (Freedom of Speech) Act’s attempt to create a culture which promotes academic freedom in UK universities, she barely acknowledges the problems diagnosed by its authors and defenders. Instead, as many a defensive-sounding progressive has implied before her, real cancellation almost never happens in academia — except, of course, where it happens to exactly those people who deserve it (cough).
In case you are not aware of this – and there is no way you would if you got all your news from the Sky website – yesterday we learnt that political entrepreneur, Mr Brexit, and all-round inconvenience to the Establishment, Nigel Farage, has had his bank account closed. No explanation has been offered. When he attempted to open an account at other banks (6 or 7 according to him) he was turned down in every case.
Wow! just wow.
It’s nothing new of course. Similar things have happened to Toby Young of the Free Speech Union and to the guys at Triggernometry. It comes at a time when any number of people have been kicked off social media or lost their jobs as a result of expressing the wrong opinion. I believe even The Boss once fell into the former category.
But, Patrick, you are a libertarian. Surely, you believe in producer sovereignty? Surely, you believe that a bank or any other private institution has every right to decide who it trades with and more pertinently who it doesn’t trade with?
I do indeed. But cherchez l’état. Once upon a time there was such a thing as the Ecology Building Society. It took in deposits and lent it out to – as it would see it – eco-friendly projects. It wasn’t very big and was eventually closed down by regulation. More recently, some of you will be aware of the travails of Dave Fishwick. He didn’t think banks in Burnley were much cop so he tried to set up his own. Not an easy thing to do as it turned out. So difficult in fact that – IIRC – only one new bank had been established in the UK in the last 50 years. The bank in question was Metro Bank which I believe has also been involved in a bit of cancellation recently. Fishwick eventually got his way but only by a bit of creative loophole exploitation.
So, essentially, a bank is very much a creature of the state. It is subject to the arbitrary whims of a capricious master. All very medieval. What are the chances that all these banks have been lent on? High, I would say. This wasn’t always the case. A hundred years ago – where I spend a lot of my time – there were any number of banks. Some of them were not particularly well run but it would appear that if you were dissatisfied with the banks on offer you could set up your own.
But hang about, if Farage’s de-banking is all to do with state regulation how come all those people got cancelled on social media which has almost no regulation at all? Er…
Update 1/7/23 It would appear that the Ecology Building Society is very much still with us.
“America doesn’t need more proficiency in Harvard’s Postmodern Nihilist indoctrination. What America needs are thousands of Neo-Enlightenment Revolutionaries.”
From a friend of mine called Steve on Facebook, writing about the US Supreme Court decision about Affirmative Action and its application to university admissions. He is pleased at the ruling, but of course hopes the students who are now able to get into university on merit, rather than via quotas, study subjects that are rather more intellectually rigrous than of late. (See Ilya Somin, who writes about these issues frequently, via Reason.)
Glenn Reynolds, who needs no introduction here, has related thoughts on his substack.
It is going to be bemusing to see the social justice crowd try and argue that Asian-Americans somehow “don’t count” in terms of the grievance bingo game that has been played recently. Popcorn is going to be in demand.
Of course, it would be even better if we stopped the whole hypenated-American thing at all, and treated people as individuals. How wild and crazy is that?
Among Asian-American voters in “blue” states, and those with children trying to get into higher education, this could have an interesting impact on how they vote in 2024.
Lockdown ruined Britain – and our deluded leaders couldn’t care less.
It was a catastrophic error: we should have pursued a liberal Swedish or Floridian approach. Lockdowns saved or extended comparatively few lives but inflicted huge economic, social, health and psychological damage, left behind a ticking cancer time bomb and caused or exacerbated most of the pathologies of contemporary Britain.
Yet there is something very wrong with our national conversation: why are we so reluctant to accept our mistakes, to connect the dots, to link lockdowns with Broken Britain? How is Matt Hancock able, with a straight face, to tell the Covid Inquiry that Britain must prepare for wider, earlier and more stringent lockdowns in the face of future pandemics? The delusion is staggering, the hypocrisy sickening, the mendacity breath-taking.
London 2012 Olympic gold medallist Anna Meares has slammed a proposed new rival Games with no drug testing as an unsafe “joke”.
Meares, who beat Victoria Pendleton to the women’s cycling sprint in London and was also a gold medallist in Athens, was responding to plans by the London-based businessman Aron D’Souza to stage an inaugural ‘Enhanced Games’ next year.
D’Souza says that the traditional Olympic model is exploitative and believes that, with no drug testing, events like the 100m sprint can be run in under nine seconds. The current official world record, set by Usain Bolt in 2009, is 9.58secs.
D’Souza argues that adult athletes should have the right to decide what goes into their bodies and that the current system has pushed the use of performance-enhancing drugs underground.
He hopes to stage the first Enhanced Games next December in track and field, swimming, weightlifting, gymnastics and combat sports and claims to have the support of several doctors, scientists and former Olympic athletes.
“Athletes are adults … and they have a right to do with their body what they wish – my body, my choice; your body, your choice,” D’Souza told the Australian Associated Press.
“Nothing will improve the productivity of our society more than preventing ageing. It sounds like science fiction now but we live in the future, look at the rise of artificial intelligence and other technologies. We believe that science makes humanity – and sports – better and fairer.”
If the rules of a given competition or league are clearly stated and impartially enforced I do not see a problem with this. It would be better and safer than the current situation in which performance drugs are taken surreptitiously by many. This harms honest sportspeople who do not take them and lose as a result. It has often harmed the cheats as well, because all the protocols that make it relatively safe to put foreign chemicals into one’s body when done openly for medical purposes cannot operate in secret.
And as Aron D’Souza says, adult athletes should have the right to choose what they put into their bodies.
The cancellation of eminent science writers and statisticians like Dr. Whitehouse and Professor Fenton for ‘wrongthink’ highlights the ever-shrinking boundaries of the discourse around science and medicine and the unwillingness of science’s gatekeepers to challenge groupthink and politically sensitive dogmas. As Dr. Whitehouse says, “science thrives on debate and scrutiny”. Silencing those who challenge prevailing orthodoxies was the approach favoured by the Catholic church in 17th Century Italy and is completely at odds with the scientific method.
I used to read every issue of New Scientist ‘back in the day’ but it has been a bastion of approved high-status groupthink for many years, suitable for cat tray liner only.
This surreal turn in the 2023 plotline is a bold stroke, but if the writers can pull off the swivel from tragedy to black comedy, I could get to like it.
Both those links go to constantly updated blogs, so the headlines will almost certainly change in the next few minutes.
Update 10:30am BST: the BBC’s rolling blog now says “Russian sources are now saying that Wagner fighters have taken control of all military facilities in the city of Voronezh, a halfway point between Rostov-on-Don (where Wagner also says it’s in charge) and the capital Moscow.”
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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