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]
|
The journalists who produce the UK’s Channel 4 news programme produced a rather sly piece of leftist propoganda last night (Quelle surprise? Ed). Faisal Islam – whom I have met – had a brief slot on last night’s daily broadcast suggesting that the Chicago school of economics, most famously associated with the likes of Milton Friedman, is somehow partly to blame for the credit crunch. Yes, you read that right.
Mr Islam went on about the “complex models” that were used by these economists and somehow sought to draw a link between the Chicago School, and the decisions taken by banks, both central and private. That seems a bit rum. I don’t recall Dr Friedman or his associates granting a sort of blanket blessing to financial engineering techniques of the kind associated with recent turmoil, suchas using derivatives to put bank liabilities off the balance sheet. That school has also hardly been in favour of encouraging sub-prime lending by legislation. After all, quite a lot of economists with conventional “soft Keyensian” views pretty much signed up to how banking has operated in the last few decades, and of course signed up to the idea that former Fed Chairman Alan Greenspan, and his successor, Ben Bernanke, did a spiffing job.
There was no apparent attempt – admittedly quite difficult in a short TV spot – to explain what the key arguments of the Chicago school of economics actually are. Nor was there any attempt to point out that this “school” is only one of the centres of free market economics. The Austrian viewpoint, which tends to eschew statistical formulae completely, went unmentioned. And yet it is the latter approach, as exemplified by the likes of Thomas Woods, that has been most active in pointing out the sheer folly of central bank activity in the past decade or so. And this central bank activity is what has been the prime culprit, a fact that Mr Islam’s documentary left unmentioned.
The programme also failed to ask any questions of the Keynesian tradition, with its love of big, artificial aggregates such as “consumer demand” etc. If one is going to point to the hubris of statistical models of economic behaviour, then the Keynesian macroeconomic tradition is surely as much in the firing line as the Chicago one.
As propoganda, it was very effective on anyone who might not understand the issues. It might have been put together by that performance artist, Naomi Klein.
Maybe the problem is that these issues are often highly complex and difficult to portray intelligently in a 5-minute news slot. Well indeed.
After having it sit on my book shelf collecting dust for half a decade or more, I finally picked up Karl Popper’s “The Open Society and It’s Enemies” as I had nothing left that was less daunting in appearance for my late afternoon lunch/dinner/coffee break. Whatever else I may get from it, whether I find myself agreeing or not, I most certainly found it a generator of ideas and flights of wild fancy, some of which I will now impose upon you.
First, I have only ever read parts of Plato. A few chapters here and there over the years. I have tended to use my deep thinking reading time for people more like Hayek and the other free market economists and thinkers. Thus I was utterly and totally unprepared for the shock of the Platonic quotation that headed Volume I:
The greatest principle of all is that nobody, whether male or female, should be without a leader. Nor should the mind of anybody be habituated to letting him do anything at all on his own initiative; neither out of zeal, nor even playfully. But in war and in the midst of peace — to his leader he shall direct his eye and follow him faithfully. And even in the smallest matter he should stand under leadership. For example, he should get up, or move, or wash, or take his meals… only if he has been told to do so. In a word, he should teach his soul, by long habit, never to dream of acting independently, and to become utterly incapable of it.”
I do not think I have ever had such a horrified awakening to such pure evil in my life. If this is what Plato’s philosophy espouses, then nearly anything built upon him is likely to be totalitarian and I can easily see the direct line from him through the Hitler’s and Stalin’s and Mao’s and Pol Pot’s of well over two thousand years after his demise.
ELSPA director general Mike Rawlinson said:
The discovery that the Video Recordings Act is not enforceable is obviously very surprising. In the interest of child safety it is essential that this loophole is closed as soon as possible.
In this respect the videogames industry will do all it can to support and assist the government to that effect. ELSPA will therefore advise our members to continue to forward games to be rated as per the current agreement while the legal issues are being resolved.
FFS!
Watch this outstanding commentary on political correctness in academia and the culture and naked lies in the media called MSNBC & The Great Liberal Narrative: The Truth About The Tyranny of Political Correctness.
And I know Bill and he is a really great guy, a true gentleman. But Bill… stop calling them liberal. We are the true liberals.
PJTV really is getting some truly great stuff up lately.
David Gordon, a US writer, has a good review of a book called, unambiguously, The Case for Big Government by Jeff Madrick.
I liked Gordon’s final paragraph, which is worth waiting for. Assuming his review is fairly based, it is amazing how lame, or downright thin, are the arguments for big government. It is a sort of backhanded compliment to the efforts of free marketeers that collectivists should still feel the need to write such works defending their views at all. Whenever we get grumpy and depressed about the way the world is going, it is good to remember that the other side cares enough about our views to want to try and deal with them, however shabbily.
Update: thanks to a reader for spotting my error in the name of the reviewer. My bad. Now fixed.
Michael Yon emails Instapundit, “The British Ministry of Defence cancelled my embed after today’s dispatch. Please read Bad Medicine.”
James Bowman on the latest work of Quentin Tarantino, a sort of cartoon treatment of WW2:
“It is important for us to remember that those known to history as Nazis were not cartoon characters. Nor were those who fought and finally defeated them. Nor was that defeat accomplished by a gang of bloodthirsty, free-lancing American Jews in search of revenge who manage to commandeer a ludicrously implausible scheme to assassinate the entire German high command, including Hitler and Goebbels, in a small Parisian cinema by setting fire to a pile of nitrate film. I know, I know. Mr. Tarantino’s are not real Nazis, any more than these are real historical events. But that doesn’t seem to me enough of an excuse for them when American schoolchildren — for whose eyes this film is principally intended — may scarcely be supposed to know what was real.”
I think I’ll give the movie a miss, having never cared for any of Tarantino’s output. A friend of mine once told me that he thought T’s films were brilliant, but wicked, morally empty. For balance, here is a slightly more favourable review by Roderick Long.
I came across this gem of a comment by an Obama supporter – assuming the commenter was sincere and not a troll, and it is just too good to go unremarked. The comment was made on a suitably acerbic column by Matt Welch, one of those Reasonoids who have gone very sour indeed on the US president.
Here is the comment:
“I´m american and not angry. i´m happy with our new president. vladimir putin likes him, too. looking forward to his next 3 years as president.”
Priceless.
“The fact that compensation would often not be forthcoming either because of inability to catch the offender or inability to pay if caught would motivate us to take out “crime insurance”, which in turn would motivate the insurance company to catch such criminals as it profitably could. Criminals would have plenty to fear from these highly motivated companies, who of course would acquire from their clients the right to such compensation as they could exact, at least up to the level of full resitution. It would be interesting to know whether the net effect would be more satisfactory than the current system, but when you consider the all-but-total failure of the punishment system actually employed in, say, the United States and Canada, it is difficult to believe that it wouldn’t be a major improvement. Everyone agrees that we have very far to go in the way of improving our system of responding to crime. It is a sobering thought that getting rid of one of the most spectacularly cost-effective systems in the history of mankind short of war is perhaps even less likely to be seriously considered than is abolition of war.”
Jan Narveson, The Libertarian Idea, pages 230-231.
If you are rich enough, you will be able to circumvent the prohibition and obtain the right to select the sex of your child. The Human Fertilisation and Embryological Authority bans the practice here, though their grounds are weak:
Britain’s Human Fertilisation and Embryology Authority remains cautious, citing public opposition to sex selection. “In the US there is no official regulator to monitor clinics and no legal obligation to offer the counselling that is an important part of treatment,” a spokesman said. “Those who choose to go overseas for their treatment should make themselves aware of the laws and consider what impact there may be on any child that is subsequently born.”
Public opposition is cited, alongside a nannyish presumption of in loco parentis. Public opposition is not a sufficient reason for curbing reproductive freedoms and gives a veto to lobbies who invoke the ‘yuck’ factor. The HFEA model of regulation never succeeded and medical practices should be allowed, except in cases of safety.
If Parliament wishes to outlaw a reproductive technology,then let it do so: otherwise, the presumption of freedom should prevail.
It is always rather foolish to invoke misty eyed national wells for values. One can always point to counter-examples.Now we know that Alex “a touch of the” Salmond and Gordon Brown have one thing in common? Is Macavity a ‘Scottish’ value?
There is one person in the SNP administration, however, who appears to have worked out just how sensitive this situation is: and that is Mr Salmond. Usually, the First Minister has to be restrained to stop him pushing in front of his ministers when there is an announcement of any import to be made.
However, with this decision, Mr Salmond has been remarkable only by his absence. Mr MacAskill was left to face the world’s press yesterday, on his own, not with his First Minister sitting by his side.
A few months ago I noted the importance of having good people selected for the top jobs at NASA under the Obama administration. I believed then, as now, that NASA and the current way of doing business is a fact of life for those in space business and the best we can hope for is folks in the power seats who are positive towards wholly private space ventures.
There has been much too-ing and fro-ing in Washington during the ensuing months over the role of private sector and the old socialist space model. Surprisingly (to some), the most anti-free market action came from a Republican, Senator Shelby from Alabama. He succeeded in reprogramming funds for the COTS-D program, aimed at enabling the purchase of Astronaut tickets to space in a commercial way, back to funding of the old NASA and Aerospace Design Bureaus model borrowed from the Soviets during the Moon Race. Republicans are no different from Democrats when it comes to the basics. They like the Space Kommisars when they represent jobs and campaign contributions in their district or State.
But change is overdue. There is simply no choice for NASA and everyone knows it. Most importantly, the people now in charge understand it and with the supporting Augustine Commission findings (one of whose members, by the way, is a long standing occasional Samizdata reader) that change is about to be implemented.
As I indicated in the title, the end results of all this appear to be even better than I had dared hope.
Next year in L5 anyone?
|
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.
|
Recent Comments