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Two unanticipated events in 2016 completely shocked our ruling class: the election of Trump in the U.S. and the Brexit vote in the U.K. Our elites did not respond by examining the disconnect between their core assumptions and the will of the people. Instead they decided that, sure, democracy is all fine and well, but naturally, democracy must be protected from these unruly people.
After all, the people often don’t know what’s good for them. So those who know better must acquire the capacity to monitor and control the will of the people if we are to ‘defend democracy’. The means for doing this in the digital age, our ruling class divined, is by monitoring populations’ behaviors and shaping their thinking by controlling the flow of information online. The idea of censorship once again became chic.
– Aaron Kheriaty
“Today’s DEI and ESG grievance industries are blowin’ in the wind. Three steps to redemption: Forget merit and striving for the highest level. Push equity over excellence. Feel virtuous. There are uproars because we don’t have enough female crash-test dummies—or paper straws, trigger warnings, unisex bathrooms, wind farms, disarmed police, censored songs or sidewalk tents for the `unhoused.’ These are vacuous 21st-century versions of protest songs. Feels good. Does nothing. Greta Thunberg’s “How Dare You?” topped the charts.”
– Andy Kessler, WSJ ($).
What I like about this article is that it shows how uncreative, indeed often vacuous, many of those who are making so much noise in the public square of opinion are. I mean, what the hell have any of them created that, you might think, will be marvelled over in 50 years’ time? Name one business process, invention, life-changing discovery, major work of art, great novel, work of sculpture, great piece of architecture, new sporting contest, anything. Take all the time you need. (I am not sure that entities such as Bitcoin, blockchain, 3-D printing, reusable rockets or AI count as these are from hated science, which comes from evil Western civilisation.) And that’s a problem, because the disconnect between the “culture wars” racket and the actual, positive stuff going on is becoming more and more chasmic.
Thanks to Instapundit for the pointer.
The Lancet published the chart on left with a different X-Axis to downplay fact that cold causes ten times more deaths than heat in Europe. Björn Lomborg corrected that with the chart on right.
We do not know what AI will be useful for. We do not know what it can actually do, what we want done, better than other ways of doing that thing (OK, other than writing C grade essays at GCSE level). We also do not know what might be a problem with what AI can do. We don’t know the benefits, we don’t know the risks.
We face, that is, radical uncertainty. So it’s impossible for us to plan anything. For planning assumes that we have an idea of the cost/benefit analysis so that we can say do that, don’t do t’other. And if we are radically uncertain then we can’t do that, can we?
– Tim Worstall
I haven’t trusted a word the BBC says about much for several decades, but I do remember a time when at least weather reports could be taken at face value.
Now I don’t even know if they are lying about that. Turns out many of the breathless inferno weather reports from southern Europe were being drastically overstated, sometimes by as much as 10 degrees!
Make no mistake, the “nudge unit” is at work, spreading its statist bullshit far and wide.
An acquaintance of mine on Facebook, a hardline capitalist (so he says) made a comment that no-one has a “right” to a bank account, as they don’t have “rights” (those inverted commas are doing a lot of work here) to healthcare, education, paid-for holidays, etc. He was, of course, writing about the Nigel Farage/Coutts saga that has seen the CEO of NatWest, Coutts’ parent firm (39% owned by the taxpayer) issue a sort-of apology to the former UKIP leader.
I wrote in reply to this issue about “rights” to banking, because I think it is too easy to just throw down the ideologist purist card on the table and assume that ends the matter. No so fast, Batman:
In a world of laissez faire capitalism, absent the distortions of bailouts, the central bank drug of easy credit, endless compliance regulations and so on, barriers to entry to create banks are far lower and there would be hundreds more banks. They’d be relatively small in some cases, and be fiercely competitive. With some operating not with full statutory limited liability protection (but only under the Common Law), people running these banks would be a lot less careless and more focused on building value. There’d also be fewer hiding places for a culture war phenomena to flourish in. Instead, banks would be about capitalism, period.
It is notable, however, that many of these desirable features don’t exist in the Western banking system today, although a few “challenger” banks and digital offerings are quite good, and may win business as a result of a backlash against some of the things going on. But in general, banking in the UK, and US, is intertwined with the State. Many firms have been rescued with billions of pounds, dollars and euros of taxpayers’ money. To open an account, you have to go through an increasingly severe KYC [know your client] and anti-money laundering regime, and banks that fail to comply can be fined and in extremis, lose their licences. Fines worth tens of billions have been imposed on banks over the past 20 years, for example.
Ideally, any commercial entity ought to be able to refuse to do business with people, however rational or irrational that decision should be, and we should let the brute force of free enterprise weed out bigots. Bigotry and stupidity are costs. That’s actually what tends to happen over time. A problem is that in a mixed economy, some of those competitive forces are attenuated.
When a person is “debanked” today, they can have a problem opening an account anywhere else if the bank asks them why they left a bank in the past. As a result, we have almost a sort of “cartel” system operating.
In time, hopefully, competition will swing back, and some of the nonsense going on will disappear. In the meantime, while I agree with you that the idea of having a “right” to a bank account is as bogus as many of the other “rights” that people talk about today, the fact that banking is such an embedded form of life in a modern economy means this issue hits hard in a way that, say, isn’t the case if you are banned from a pizza restaurant or candy store for holding the “wrong” views. Of course, it may be that the Farage case might encourage a firm to go out of its way to court business from those who have been targeted. Let’s hope so. For example, a bank could, without incurring wrath from the “woke” or regulators, say something like “Banking is all we do. No politics. No agendas. Just finance.”
And as I have said before, the outrageous Nigel Farage case, and that of others, surely demonstrates that a central bank digital currency idea must be resisted. This would be the end of any financial autonomy at all.
I have a dilemma. I want to write a post about how creepy it is to take a photo of a stranger and put it on social media with a deniably mocking comment. The easiest way to illustrate this would be to post the tweet that caused me to write the post. But if I do that, I am guilty of the same behaviour. Then again, to have any hope of turning public opinion against this trend, people like me who object to it have to demonstrate that it actually happens.
I will compromise by linking to this tweet but not in a way that makes a picture of it show up on the page. The tweet’s already viral; any extra clicks I send its way will make little difference. The tweet says,
SHABS
@JoeShabadu
this guy reading the wetherspoons menu for 15mins on the train yesterday
The accompanying photo taken from a few feet away shows a unremarkable-looking old man. Like it says, he is sitting on a train, minding his own business and reading a Wetherspoons menu.
The picture itself doesn’t make him look stupid or anything. The thing that makes me begin to dislike Joe Shabadu, whoever they are, is that caption about the old guy reading the menu for fifteen minutes.
It being a Wetherspoons menu is relevant. For the benefit of readers overseas, Wetherspoons is a chain of pubs operating in the UK and Ireland. As Wikipedia says, “Wetherspoon targets a mass-market offering of low-price food and drink.” Though I have always found them to be pretty good for the price, your local “Spoons” is not where the cognoscenti go. Some people boycott Wetherspoons because the chain’s founder, Tim Martin, was loud in his support for Brexit.
So we have it pointed out to the world that this old chap was reading a pub menu for fifteen minutes, and the pub concerned was one associated with the proletariat. I think the tweet was meant to make us laugh at the old man for being a bad reader, or for going to Wetherspoons, or both. The person who wrote the tweet tries to claim otherwise, but I was not convinced.
The general tone of the replies was heartening. A typical one was, “Let the man be. Why take a photo and post it? Doing no harm.” Another said, “Maybe he struggles to read and doesn’t want to be embarrassed when he gets there? Shame on you.” Other replies were more light-hearted. Someone speculated that he could be one of those “mystery shoppers” paid to sample the pub’s fare anonymously before reporting back to the management. I related to this one: “You’re acting like you don’t read shampoo instructions when you run out of battery on the toilet.” When I used to commute on the Victoria Line I always had a book or a newspaper with me. Mostly this was because I find it hard to go an hour without reading. Partly it was so that I could escape in spirit when a stranger’s gaze rested on me for too long.
Not even Jeremy Corbyn, the most odious public figure in Britain since Oswald Mosley, should be de-banked due to political views. Banking is a highly regulated state protected cartel, they should no more be allowed to do this than to de-bank people for being Jews or Black.
If what was done to Farage (and even people simply related to him) is allowed to stand, that’s it, we are now in China territory, an actual full-blown tyranny.
“Relatives of Nigel Farage have also been refused bank accounts, former Ukip leader reveals”, reports Gordon Rayner at the Telegraph.
Relatives and associates of Nigel Farage have been refused bank accounts after being designated as politically exposed persons, or PEPs, the former Ukip leader has disclosed.
Mr Farage said someone close to him had been the subject of a “very nasty” account closure in the past fortnight and that others had been told they could not open accounts.
He said Coutts’s decision to close his personal and business accounts had left him “screwed” because he has been turned down as a customer by 10 other banks after having to tick a box saying he has been refused an account elsewhere.
Mr Farage has also dismissed as “a fable” claims by Coutts’s parent company NatWest that he was offered personal and business accounts with NatWest after being “exited” by the private bank.
After being told his accounts were being closed and convinced the decision was politically motivated, Mr Farage submitted subject access requests to Coutts and two companies which send them press cuttings and other information on customers, Lexis Nexus and Refinitiv.
As a result of their responses, Mr Farage discovered that a number of family members and associates, thought to be more than 10, were designated by the bank as PEPs, some of whom have now found it difficult to obtain banking facilities.
None of this would be a problem if there were anything like a free market in banks. Given the public anger on this issue, it would be a great opportunity for a proudly non-woke new bank to establish itself. Unfortunately, as Johnathan Pearce pointed out in this post, “And we wonder why normal people avoid going into front-line politics”, there is nothing like a free market in banks.
Update: If you want to read the 40-page dossier that Coutts compiled on Farage that he obtained via a Subject Access Request, Guido Fawkes has it up on his site without a paywall: READ IN FULL: THE 40-PAGE COUTTS DOSSIER DEFENDING DE-BANKING “RACIST” FARAGE
Another update: Nigel Farage receives apology from Coutts after bank account row. That report from Sky News does not impress. It says, ‘Mr Farage claimed to have a 40-page document that proved Coutts “exited” him because he was regarded as “xenophobic and racist” and a former “fascist”‘ as if there were some doubt as to the document’s existence. Then it says, ‘the chief executive of the Natwest Group, Alison Rose, has apologised for “deeply inappropriate comments” made about him in documents prepared for the company’s wealth committee’, seemingly unaware that the documents prepared for the company’s wealth committee formed part of the same aforementioned 40-page dossier. When NatWest’s own chief executive has acknowledged that the document is genuine, you would think that Sky News could accept it too.
“A free society is only maintained to the extent that everyone is a dissident.”
– Jordan Peterson.
“How many environmental justice majors does it take to calculate the CO2 emissions of a light bulb? This isn’t a joke. Businesses now employ scads of college grads to do this. For years America’s political class has lamented that too many college grads are working in low-paying jobs that don’t require post-secondary degrees. The diversity, equity and inclusion and environmental, social and governance industries—DEI and ESG, respectively—are solving for this problem while creating many others. In the modern progressive era, young graduates are finding remunerative employment as sustainability coordinators, DEI officers and “people partners.” Instead of serving up pumpkin soy lattes, they’re quantifying corporate greenhouse gas emissions and ensuring employers don’t transgress progressive cultural orthodoxies.”
– Allysia Finley, Wall Street Journal ($).
Either the Independent‘s “Race Correspondent” (who, to add to the comedy, is called Nadine White) has written a report almost designed to be misunderstood, or she is a satirist of genius. I present to you this story:
“Now the royal family is dragged into the n-word race row”
Juicy! Which one of ’em was it? Will Meghan’s Spotify podcast be coming back so she can discuss it? Sorry to disappoint, but the connection to the current royal family is strong as a cobweb: it seems a catalogue of gems and jewels owned by the Royal Collection “contained more than 40 mentions of offensive racial terms”. The aberrant public catalogue concerning a sub-collection of jewels, cameos, and other small items was actually published fifteen years ago in 2008 but remained on the Royal Collection’s website until the intrepid offence archaeologists of the Independent found it last Thursday. Since the cataloguing and study of the whole collection by historians is an ongoing process, those particular entries could have been written decades earlier. Here is the current webpage. Fear not, it has been purged.
And about that “offensive racial term” in the 2008 version… it wasn’t the n-word the Independent wants you to think it was.
In the latest instance, the offensive terms are mostly used to describe people of African ancestry who appear on the jewels. The words are also included in a number of names of items in the collection.
One brooch is described in the following terms: “Head of a n**** in three-quarter profile to the right, with drop-pearl earring. This type of a n****’s head is found on several sixteenth-century cameos.”
Another item depicting a white person is accompanied by this description and slur: “Athough it uses the dark layers of the stone for the profile, the features are not n*****d’.
Count the asterisks. Four, not five. Ergo it was egro, or in the final example, egroid.
UPDATE 16:20 BST: Someone at the Independent read the readers’ comments. The newspaper has now changed n**** to n***o throughout the article.
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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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