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]
|
A hat tip to Counting Cats for the report. Jeff Foust has the story here.
I have been waiting for this news, as have many others, for months. Peer review of the test results have shown no reason why the technology will not work, although Dr. Nebel is quick to point out that nothing in the results guarantees it either.
Now… onwards to the next set of tests!
Reason TV has a very fine lecture by Bjorn Lomberg on global warming available. Bjorn is one of the few people out there who represent a position similar to mine. Yes, it is happening; yes, there will be winners and losers… but it is not the end of the world.
He shows in case after case how governments are throwing away billions upon billions of dollars, pounds, and yen for ‘solutions’ which will have virtually no effect at all.
It is well worth watching.
A lot of people in the financial industry are trying to figure out the individual costs to them of the $50 billion Bernard Madoff hedge fund fraud. The allegation is that Mr Madoff operated a “Ponzi scheme” scam wherby hedge fund investors were paid money, not from the performance of the funds, but by money paid in by new clients. As soon as the inflows of new clients dried up – partly due to the credit crunch – the scam came to light.
As a result of this case, no doubt those who have been calling for much tighter regulation of financial markets will have yet another stick with which to hit the system, never mind that fraud is and should be prosecuted under the normal law of the land anyway. But what interests me, however, is that systems such as Social Security in the US or public sector pensions in the UK have been funded under what is, essentially, a Ponzi system, whereby retirees depend on future generations continuing to fund a system that is rapidly becoming broke. I do not see any stories about politicians, in different countries and different parties, facing indictment for scamming the electorate. Maybe, however, the ultimate problem is that in a Welfare state, the scam artists are us. We are all in on the heist.
I think I know best, too, of course. But what I know best is that the world is too complicated for me or anyone else to rule. Other people are generally better placed than I am to decide what is good for them. Even when they are not, nothing gives me in particular the right to impose my ideas.
Gordon Brown is one of the elect (not just the elected) who knows no such restraint.
The Prime Minister: The first point of recapitalisation was to save banks that would otherwise have collapsed. We not only saved the world— [Laughter . ]—saved the banks and led the way— [ Interruption. ] We not only saved the banks— [ Interruption. ]
Mr. Speaker: Order.
The Prime Minister: Not only did we work with other countries to save the world’s banking— [ Interruption. ] Not only did we work with other countries to save the world’s banking system, but not one depositor actually lost any money in Britain.* That is the first thing.
Having contented himself that he only saved world banking, Mr Brown has now set out to work on the rest of the job. He has started on a mission to create peace between Pakistan and India – two countries that have not had a war since 1971. Such is his supreme diplomatic tact that his approach after the Mumbai massacre is to visit the region in order to announce that “Three quarters of the most serious plots investigated by the British authorities have links to al-Qaeda in Pakistan.” A claim that is both occult (full in equal measure of secret authority and meaninglessness), and calculated to make people in India more hostile to Pakistan.
Maybe this is not a record breaking sprint to megalomania for a British Prime Minister. Perhaps it is that Mr Brown’s nostalgia for the 1970s knows no bounds. Having destroyed the British economy in order to become its saviour, he is trying the same trick on the global village.
*[This is a lie: I know personally several depositors who between them lost many millions in Britain when Mr Brown decided to expropriate the Icelandic banks. Even those among them whom the Treasury has made a vague promise to compensate have yet to see a penny, and have had the huge cost, which is unlikely to be refunded, of arranging indefinite bridging finance in near-impossible borrowing conditions.]
I love the Larry Niven and Jerry Pournelle book, Lucifer’s Hammer, which is in my view the best “disaster book” every written.
What is your favourite disaster movie/book?
Check out this site for some superb photographs.
I was going to think of something profound to say about the news headlines, but every time I read the words “Gordon Brown” these days, a small part of me dies.
Following on from my post below objecting to compulsory purchase laws – with the sole exception of where such laws are needed for things like defence or to save life – here is a great blog and resource for those interested in these issues. It is written mainly about the US but much of its insights carry weight over in the UK and other Common Law nations, or for that matter, other countries too. Recommended.
Germany’s finance minister has gone on the record as saying that Britain’s rush into ever greater debt to try to halt a recession is foolish, even “depressing”.
Crikey. It makes me wonder whether Germany, mindful of what happened in the hyper-inflation of the 1920s, is worried that sooner or later, the vast amounts of money being hurled at the economies in the West, such as in Britain, will produce a sharp rise in inflation and that ever-higher borrowing will only prolong, but not halt, the current pain.
Anyway, this is bound to be seized upon by the Tories. It will be interesting to see if they do so.
Via Tom Palmer’s blog, here is an excellent picture summing up what I think of bailouts.
Tim Worstall justifiably gets angry about this plan to force owners of coastal properties to allow the public to have access to the properties, and without compensation. I weighed in with the comments on the board and deciding not to let the discussion go to waste, I wanted to quote a character called Kay, who comes up with what I might call the “brute utilitarian” argument one hears for compulsory purchase/eminent domain laws here and in other nations:
Allowing veto rights to every landowner and shareholder results in complete deadlock. That ridiculous stance may be taken by some who posted here, but the rest of us would rather live in an advanced civilisation with electricity, railways, roads, public limited companies, etc.
I sense that this argument is nonsense, but there may be something in it. It is interesting that the commenter mentions limited liability corporations – we have been over that issue before at this blog. But is it really the case that say, electricity could not be easily conveyed across the UK without coercing landowners into letting this occur? I assume, of course, that if many landowners refused point blank to do this, that the situation would result in lots of very small, easy-to-move electricity generators being built. But in practice, the vast majority of landowners want easy access to electricity, water and roads like everyone else, and with a bit of inducement – shares in revenues from tolls, rental payments for pipes and pylons – would agree to things being built on their land. There may be “extreme cases”, where landlords hold so much sway that they try to strangle beneficial technologies across a vast tract of land, and I suppose this is possible, but it strikes me as not very likely. I’d be interested to know, for example, whether the 18th century canal-builders required a lot of compulsory purchase laws to get their way. If memory serves from reading history, what happened was a lot of haggling and the odd bit of special legislation passed in the House of Commons.
I think the problem with the “brute utilitarian” argument is not simply its undertone of “We want – we take”. It is also its deafness to the fact that most people, most of the time, have sufficient rational self interest to act in ways that benefit not just themselves but most of the rest of us. The trouble is that once the enthusiasm for seizure takes hold, it is often hard for its proponents to even think about how things can be ordered differently. I have heard people express admiration for the Continental, Roman Law-based system which supposedly is so much less messy and fuddy-duddy than the Common Law one in this respect. When people start to invoke “efficiency” and so forth, guard your wallet and front door.
Meanwhile, for a good discussion on the tricky issue of how property claims can be arrived at justly in the first place, this book is worth a read. One thing that bugs me about discussions about property is when some character will argue that “X or Y stole the land from poor benighted natives in the Year xxxx BC so all property since is tainted”, as if that somehow justifies looting now. It does not.
As an aside, it is also worth noting that compulsory purchase laws, particularly when used to turf people off their property to create other, supposedly more valuable economic outcomes, is a vehicle for corruption.
Update and side-observation: it is only fair to say that some – in my view misguided – libertarians have tried to argue that land, because it was not created by Man, should be taxed more heavily than income or other things, and for some people, this sort of tax is a sort of “rectification” of any previous injustices inflicted by the acquisition of property. The name of 19th Century writer Henry George occasionally comes up. I was once quite taken with the idea but there are weaknesses to it. For a start, a person who makes more use of land than was the case before because of his entrepreneurial vigour should not, in my view, be penalised for thereby raising the value of that land, which is what a land-tax, if based on land values, would do. There remains this view, widely shared, that land should not be ultimately owned by any individual because land and minerals, or indeed the sea, is “just there”, an inert set of substances that we can manipulate, but not create new value from. That seems to undermine the very notion of wealth creation per se, in my view.
Oh, and here is an item from the Ludwig von Mises Institute on eminent domain.
Another update: Devil’s Kitchen shares my opinion but does so in a more, ahem, salty way. Check out the comments, where Samizdata regular Ian B takes on Kay Tie. In boxing terms, the judge would have had to stop the fight to protect Kay from serious injury.
I am deeply concerned about the sort of world we will bequeath to our children and I promise you, the minute I get back from my holiday I will write a letter to my MP demanding that they do whatever it is you want them to do. But please, for the time being, fuck off bastard hippies.
– A fictional character articulating the sane human response to PlaneStupid, courtesy of the Daily Mash.
I fear that for a lot of campaigners, being a nuisance is an end in itself, and other people’s annoyance is taken to signify how stupid and morally worthless ordinary people are – and thus as reinforcement by comparison of the overweening self-esteem of the campaigners themselves. Something similar is found in the shock-jockery of the blogosphere. I frequently spot the attitude in some NO2ID-ers but I do try to counteract it. People are entitled to want to get on with their lives in a way that is meaningful to them. If you want to persuade them, then give them a reason to care and listen, don’t bully and excoriate them. In the words of Dale Carnegie: “You can’t win an argument.”
I suppose it is a sign of advancing years, and having lost some close friends to cancer or having been scared by a close relative’s condition that the notion of a cure for the gremlin should weigh on my mind a bit more than it used to. (You are definitely getting old, Ed). I cannot help noticing, when reading Instapundit as I do every day that Glenn Reynolds has been putting up regular links to the growing use of nanotechnology in delivering cancer-busting chemicals to the body with incredible accuracy. Here’s another one. The more accurate the delivery of the drug, so the reasoning goes, the fewer the unpleasant side-effects associated with things like chemo treatments, and the greater chances of beating the cancer. The steady trickle of news items and articles has yet to become a flood, but I have this sense that the flood may be pretty close.
When I read Engines of Creation by Eric Drexler back whenever it was, the idea of tiny nanobots being used to treat cancer was, then, still on the edge of what folk thought might be possible. There is a way to go yet but it is a mark of how certain stories get below the radar of current events that nano-medicine has crept up on us so quickly, rather as the internet did about 20-odd years ago.
Faster please!
|
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