H/T to Nick Gillespie for the link.
June 6, 2011
Tyler Cowen discusses “The Great Stagnation”
Oxfam’s latest report a Curate’s Egg
Tim Worstall points out the good bits first:
Oxfam’s latest campaign, “Grow”, seems so lovely and cuddly that to criticise it is almost like torturing puppies. What could be wrong with trying to feed the hungry and thus make the world a better place? Alas, if wishes were kings we could all be monarchs for the day and what’s wrong with the campaign is not the initial wish but the list of damn fool things it intends to do.
Praise first: Oxfam is quite right that there are several entirely stupid things that are being done about food currently. The first and most obvious is the biofuels nonsense: food should go into people, or at least animals we can eat, not into cars. But the European Union has insisted that 10 per cent (to rise to 15 per cent) of all petrol/diesel must be made from plants instead. Oxfam seems to think that this will reduce emissions: despite every scientist worthy of his slide rule pointing out that growing and processing the plants emits more than the oil being replaced.
Another policy we should stop yesterday is the subsidy of the rich world’s farmers. Can’t make a profit growing what people want to eat? Then stop and do something else. We say this to car makers, to buggy whip makers and there’s nothing about wading in cow shit that makes farming any different. New Zealand did it and farming profits went up.
Well, that’s about it for the good:
And then the report goes entirely doolally over commodities speculation, over futures and options. One of the points the report makes (in one of the good bits) is that price volatility is damaging both to producers and consumers. So we’d like to have some method of dampening such volatility. At which point it insists that this means we must lessen speculation in foodstuffs. But, umm, speculation in foodstuffs is what dampens price volatility in foodstuffs.
If any Oxfam type happens to read this by mischance, here’s why. To make money in commodities you have to buy low and sell high. When you buy low you prevent prices from falling further, in fact you raise them: maybe only a little depending on how much of the market you’re buying, but raise them you do. Good, so we’ve just reduced the slumping of prices which do so much damage to farmers. When you sell high you’re increasing the supply onto the market at a time of shortage. This reduces the price volatility at the high end which does such damage to consumers. So, our speculator making money reduces price volatility: it’s only the speculator who buys high and sells low who increases it and as he goes bust very quickly we don’t need to worry about him.
The term in the headline explained.
SlutWalk arrives in Britain
Brendan O’Neill is not impressed with the SlutWalkers, calling them “the most anti-social sluts on earth”:
The most annoying thing about the SlutWalk phenomenon, which arrived in Britain at the weekend, is not its knowingly provocative name or even its attempt to make a serious political project of the frazzled Nineties pop trend of Girl Power (“I wear sexy stuff, therefore I am powerful!”). No, it is its inherently anti-social nature. These are the most anti-social sluts on earth. Where I grew up, the catty phrase “she enjoys the company of men” was often used as a euphemism for “slut”, but you could never say that of those taking part in SlutWalk. On the contrary, many of the SlutWalkers seem to see interaction with men — especially cocky, swaggering men — as a dangerous and risky thing, best avoided.
Of course, no one — except maybe Peter Sutcliffe — disagrees with SlutWalk’s spectacularly uncontroversial message that women should be free to dress as they please without getting raped. But it is quite different to expect to be able to dress as you please without attracting *any* attention from blokes. Yet that is what some SlutWalkers seem to be demanding: effectively the right to dress provocatively without ever being looked at, commented on, whistled at or spoken to by a member of the opposite sex. Unless such interaction is clearly solicited, of course.
[. . .]
The high-minded feminists who make up SlutWalk’s supporters and cheerleaders seem to want to opt out of this everyday social interaction, to dress as sluttishly as they like while also being surrounded by some magic forcefield, legally enforced perhaps, which protects them from any unwanted male gaze or whistle. They are prudes disguised as sluts, self-styled victims pretending to be vixens, astonishingly anti-social creatures who imagine it is possible to parade through society dressed outrageously without any member of that society ever making a comment about or to them. This is the highly individuated politics of fear — fear of men, fear of unplanned-for banter, fear of sexual licence — dressed up as radical feminism. But to update an old saying: no slut is an island.