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]
Labour is prepared to force pension funds to invest in a proposed £50bn “future growth fund”, as the party aims to boost the amount of capital available for fast-growing UK companies.
Rachel Reeves, shadow chancellor, said she did not believe Labour would need to mandate retirement schemes to invest in the new fund because of the goodwill in the sector, but added: “Nothing is off the table.”
Speaking to the Financial Times on a three-day visit to the US, she said she also wanted to accelerate the merger of smaller UK pension funds so as to consolidate a fragmented market.
Reeves, who visited the New York Stock Exchange on Monday, said she wanted to change the culture of Britain’s savings industry, unleashing homegrown funds that could persuade UK companies to list in London.
She also wants pension funds to work alongside the state-owned British Business Bank to improve the UK’s “start up, scale up” landscape, with Labour warning that the country is trying to do “capitalism without capital”.
Reeves said: “A lack of confidence in Britain’s economy has led to too many businesses leaving our shores.”
Confidence in the British economy is not likely to be improved by the woman who will probably be the next Chancellor of the Exchequer announcing that she has so little confidence that pension funds will invest in it voluntarily that she thinking about making them do it by force. It would be unfair to call this the Walter Ulbricht strategy. Unlike Comrade Ulbricht, who said “No one has the intention of erecting a wall!”, Ms Reeves has sportingly given pension funds warning of her intentions so they can get out before the wall goes up.
Investments can go down as well as up. The record of the state in “picking winners” is particularly poor. British workers are not going to be happy bunnies if their pensions lose value because a Labour government forced them to put some of their pot into risky start-ups that venture capitalists wouldn’t touch.
People use the weapons that are on their belt. The epidemic of false accusations of rape isn’t due to the badness of women; it’s because the State has placed a potent weapon at their disposal. Of course they use that weapon. If men could accuse women of witchcraft to “get” them there would be an epidemic of witchcraft accusations.
There is a reason that the statue of justice is wearing a blindfold; the demographics of the parties before the Court are not supposed to matter in any way. That the left has pulled us away from that ancient and sensible principle is one of the tragedies of our age.
The SNP’s plan should worry us all. Juryless rape trials will set a dangerous precedent. This elite suspicion of the public could erode the right to trial by jury in other cases, too. After all, if members of the public are assumed to be incapable of taking jury duty seriously in rape trials, then why allow us to be jurors at all?
Scotland’s lawyers are right. This is indeed ‘a deeply troubling attack’ on the criminal-justice system. Women must not allow justice to be destroyed in our name.
– Bernard Condon and the Associated Press in a major article for Fortune magazine.
Here are some excerpts from the article that struck me:
In the past under such circumstances [debtor countries being unable to make interest payments], big government lenders such as the U.S., Japan and France would work out deals to forgive some debt, with each lender disclosing clearly what they were owed and on what terms so no one would feel cheated.
But China didn’t play by those rules. It refused at first to even join in multinational talks, negotiating separately with Zambia and insisting on confidentiality that barred the country from telling non-Chinese lenders the terms of the loans and whether China had devised a way of muscling to the front of the repayment line.
And
Along with the usual mix of government mismanagement and corruption are two unexpected and devastating events: the war in Ukraine, which has sent prices of grain and oil soaring, and the U.S. Federal Reserve’s decision to raise interest rates 10 times in a row, the latest this month. That has made variable rate loans to countries suddenly much more expensive.
All of it is roiling domestic politics and upending strategic alliances.
In March, heavily indebted Honduras cited “financial pressures” in its decision to establish formal diplomatic ties to China and sever those with Taiwan.
Last month, Pakistan was so desperate to prevent more blackouts that it struck a deal to buy discounted oil from Russia, breaking ranks with the U.S.-led effort to shut off Vladimir Putin’s funds.
A short but important presentation by Jørgen Peder Steffensen …
What do ice cores tell us about the history of climate change and the present trend? This video explains one perspective – arguably the most accurate one. And if you skip to 2:25, you will see the huge error we have made and the assumptions and extrapolations based on that error.
England came fourth out of the 43 countries that tested children of the same age in the Progress International Reading Literacy Study (PIRLS), announces the government. Singapore, Hong Kong, Russia, England. Yes, dear highly literate Samizdata readers, your own reading skills have not failed you. English schoolchildren are the fourth best readers in the world and the best in Western Europe.
Pinching myself, I offer my sincere congratulations to England’s teachers and to the Department of Education, in particular Nick Gibb MP, the Minister of State for Schools. Mr Gibb is serving the third of three non-contiguous stints in this ministerial role. That suggests he is genuinely interested in education, and indeed his Wikipedia biography says “Gibb is a longstanding advocate of synthetic phonics as a method of teaching children to read”. He himself says, “Our obsession with phonics has worked”.
Tomorrow I will get back to calling the teachers “the Blob” and the government “the government” in a voice that suggests I can think of no worse insult. Today, I give credit where credit is due. For British education nerds, this is like our own little 1989. OK, perhaps that is over the top, but a wall that seemed no more than slightly cracked as recently as January 2022 has finally fallen. By the “wall”, I mean the side in the so-called “Reading Wars” that wasn’tphonics. The Not!Phonics side has had many names, “Look and Say”, “Whole Word”, “Whole Language”, and most recently “Balanced Literacy”. That last name was an attempt to paper over the cracks in the wall. Or perhaps, since I am allowed more than one metaphor, it was a deliberate breach in the wall of a dam, done in an failed attempt to stop the whole damn dam wall collapsing.
The phonics-persons have pretty much proved their case, probably even in the eyes of many of the look-and-say people. But the look-and-say “experts” at the DfES are in an arkward position. (The inverted commas around “experts” being there because these people don’t know things which are true, they “know” things which are untrue.) Suppose their bad techniques are completely swept away and completely replaced by completely good ones. The teaching of literacy in schools would leap forward. A mass of seemingly “complex” problems, like the recent huge rise in “dyslexia”, the spiralling cost of “special needs” education, and the general inability of several generations of people to learn how to spell, will be revealed as not so complex after all. These problems will be revealed to all as having been caused by the government’s own literacy “experts”. Thus it is that even – especially – those “experts” who have been completely convinced of the wrongness of their own former opinions now face a huge, career-saving incentive to perpetuate their follies as much as they can, to disguise the enormity of the disaster they have caused.
It was about a minute later that I encountered Feinstein coming off an elevator, sitting in a wheelchair and flanked by staff. It’s been hard to find the senator since her return; she’s kept her movements mostly to the least-populated passageways and skipped luncheons and non-urgent committee hearings.
I asked her how she was feeling.
“Oh, I’m feeling fine. I have a problem with the leg.” A fellow reporter staking out the elevator asked what was wrong with the leg.
“Well, nothing that’s anyone concern but mine,” she said.
When the fellow reporter asked her what the response from her colleagues had been like since her return, though, the conversation took an odd turn.
“No, I haven’t been gone,” she said.
OK.
“You should follow the—I haven’t been gone. I’ve been working.”
When asked whether she meant that she’d been working from home, she turned feisty.
“No, I’ve been here. I’ve been voting,” she said. “Please. You either know or don’t know.”
After deflecting one final question about those, like Rep. Ro Khanna, who’ve called on her to resign, she was wheeled away.
Senator Feinstein, who is 89, appears to have forgotten that she was in hospital with shingles for two and a half months.
If you’re a Democratic senator and you’re not at least privately urging Feinstein to resign, and urging Schumer and Durbin to take action, you have failed the people who sent you to Congress. You’re lying to yourselves that this 👇🏽 is *okay*
He is right, but Feinstein’s is not the only photograph that could be placed below that downward-pointing finger.
“Making it harder to evict residents is only likely to make it harder to rent. Landlords will inevitably be more selective about who they offer properties to and charge higher rents when they cannot quickly evict bad tenants. That is likely to disproportionately hurt those who are poorer, younger, and from minority communities.”
– Matthew Lesh, of the Institute of Economic Affairs, commenting on measures by the current “Conservative” government, to make it more difficult for landlords to evict tenants in certain cases (there appears to be some issue about the details). The impact is the same as making it harder to fire workers. Other things being equal, fewer people get hired. (Look at Italy, where firing people is hard and produces bizarre effects.)
The inverted quotes around “Conservative” are, as you might guess, there for a reason.
From what I have seen, AI tools can do amazing things. But is the problem going forward not their capability but rather one of trust?
You do not need to trust a pen or a piece of paper, before writing or drawing something. The penmaker, the papermaker, they really do not care, and more important do not know, what you have done with the tools they made.
But is that true with interpretive AI tools? The experience of the “Cthulhu Land Theme Park” art project using Midjourney AI suggests even if what you want is within the tool’s capability, it may simply not allow you to create such content.
Will an AI tool effectively be a pen that refuses to write words the penmaker disapproves of? Paper on which you cannot draw ‘bad’ images the papermaker dislikes? I am by no means an expert on the new AI tools but I am curious to see what people have to say on this subject.
I worry when I read stories like the business secretary Kemi Badenoch complaining that she cannot deliver her party’s manifesto plans to scrap all EU laws due to Whitehall intransigence. It makes me wonder who exactly is in charge of public policy: elected ministers or their unelected officials?
There is an attitude among senior officials that they know better than these’ here-today-gone-tomorrow’ ministers. The old dictum of ‘advisers advise, ministers decide’ seems reversed. We have unintentionally ended up with a self-propagating bureaucracy who are either averse to change, or who feel they are above the democratic decision-making process.
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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