Quotulatiousness

March 30, 2014

In which Tim Worstall admits that Karl Marx was right

Filed under: Business, Economics, Law — Tags: , , , , , — Nicholas @ 10:37

Well, right in this particular analysis, anyway:

Which is where we can bring Karl Marx into the discussion. Wrong as he was on many points he was at times a perceptive analyst. And he noted that what determined the wages of the workers wasn’t some calculation of a “fair wage”, nor some true value of their production (although he had much to say on both points), but in a market economy the wages that were paid were a reflection of what other people were willing to pay for access to that labour.

If, for example, there were a large number of unemployed (that “reserve army of the unemployed”) then a capitalist didn’t have to raise the wages of his workers however far productivity grew. If anyone tried to capture a bit more of the value being created, say through a strike or other activity, then the capitalist could simply fire them and bring in some of those unemployed. No profits needed to be shared with the workers. However, when we get to a situation of full employment then the dynamic changes. It’s not possible to simply hire and fire to keep wages low. For the other capitalists are competing for access to that labour that makes those profits. The higher profits go the higher all capitalists will be willing to bid up wages to continue making some profit at all.

The obverse of this is if the employers collude in order to artificially suppress the wages of the workers which is why that case involving Apple, Google and so on is going to trial. That’s monopoly capitalism that is and we really don’t like it at all.

But in this case with Yahoo trying to challenge Google’s YouTube, it will be the workers who benefit. For the two companies are vying with each other for access to the content being made and thus the profits that can be made. Of whatever revenue can be made a larger portion will go to the producers of the content and a smaller one to the owners of the platforms. Which is excellent, this is exactly what we want to happen.

The rise of Vladimir Putin

Filed under: Europe, History, Politics, Russia — Tags: — Nicholas @ 10:29

BBC News charts the unlikely rise of Russian leader Vladimir Putin:

On 16 August 1999, the members of Russia’s parliament — the State Duma — met to approve the candidacy of a prime minister. They heard the candidate’s speech, they asked him a few questions, and they dutifully confirmed him in the position.

This was President Boris Yeltsin’s fifth premier in 16 months, and one confused party leader got the name wrong. He said he would support the candidacy of Stepashin — the surname of the recently sacked prime minister — rather than that of his little-known successor, before making an embarrassing correction.

If even leading Duma deputies couldn’t remember the new prime minister’s name, you couldn’t blame the rest of the world if it didn’t pay much attention to his speech. He was unlikely to head the Russian government for more than a couple of months anyway, so why bother?

That man was a former KGB officer, Vladimir Putin, and he has been in charge of the world’s largest country, as president or prime minister, ever since. Few realised it at the time, because few were listening, but that speech provided a blueprint for pretty much everything he has done, for how he would re-shape a country that was perilously close to total collapse.

Just 364 days previously, Russia had defaulted on its debt. Salaries for public sector workers and pensions were being paid months late, if at all. Basic infrastructure was collapsing. The country’s most prized assets belonged to a handful of well-connected “oligarchs”, who ran the country like a private fiefdom.

The once-mighty Russian army had lost a war in Chechnya, a place with fewer inhabitants than Russia had soldiers. Three former Warsaw Pact allies had joined Nato, bringing the Western alliance up to Russia’s borders.

Meanwhile, the country was led by Yeltsin, an irascible drunkard in fragile health. The situation was desperate, but Putin had a plan.


Russian President Vladimir Putin attends a meeting with members of the Council of the Federation on March 27, 2014 in Moscow, Russia. (Photo by Sasha Mordovets/Getty Images)

“[E]very Ohio political candidate has escaped from a lunatic asylum and all Ohio ballot initiatives are the work of Satan”

Filed under: Humour, Liberty, Politics, USA — Tags: , , — Nicholas @ 10:11

P.J. O’Rourke finally made his mom proud by filing a brief of Amici Curiae to the US Supreme Court:

Ilya Shapiro, with a J.D. from the University of Chicago Law School, is Senior Fellow in Constitutional Studies at Cato and editor-in-chief of the Cato Supreme Court Review. He often files amicus briefs, especially in cases where constitutionally guaranteed rights are imperiled. But these briefs are serious in tone even though Ilya is funny in person.

He’s also self-effacing, saying, “There are people who know more about Constitutional law than I do, and there are people who are funnier than I am, but I do occupy the very small area of overlap in that Venn diagram.”

The Venn diagram seemed like the only proper approach to a law that would make you a criminal in Ohio for saying that Buckeye president William Howard Taft was so fat his wife had to grease the doorframe and tell him there was a banana cream pie in the Blue Room to get him into the White House.

The fight-a-laugh-with-a-laugh brief was Cato Legal Associate Gabriel Latner’s idea. He wrote the first draft. Cato Research Fellow Trevor Burrus added research. And more jokes. Then Ilya Shapiro took over. I was asked to read it and give it my endorsement because I am an expert on being run out of Ohio. Ask my mother.

Politico posted a condensed version of the brief, and I shared the byline with Ilya. On the Above the Law blog David Lat called it the “Best Amicus Brief Ever.” (Albeit that’s a low “bar” — notice how I casually toss in legal jokes now that I’m arguing a case before the Supreme Court.) And a lawyer friend of mine congratulated me on what he said was the first legal brief in history to go viral.

Alec Guinness, my goodness!

Filed under: Britain, Media — Tags: , — Nicholas @ 09:50

Mark Steyn’s Saturday movie column is about the great Sir Alec Guinness:

Eight Alec Guinness roles, from one film, Kind Hearts And Coronets (1949)

Eight Alec Guinness roles, from one film, Kind Hearts And Coronets (1949)

In London one hundred years ago this week — April 2nd 1914 — Sir Alec Guinness, CH, CBE entered the world as Alec Guinness de Cuffe. His mother was Agnes Cuff, and the Frenchification of her maiden name seems to have been an attempt to compensate for the blank space on the birth certificate where “Name of Father” should appear. “Alec Guinness” were his two Christian names, leading to periodic suggestions that his pa was a member of the Guinness family. Sir Alec himself took the view that he had been sired by a Scottish banker who turned up at the flat once in a while purporting to be an “uncle” and who paid for his young “nephew” to be educated privately. He was, at least in public, not much interested in his parents, neither the absent nor the present one. From this appropriately vague lineage emerged one of the most versatile British actors of the 20th century, and (via Star Wars) one of the wealthiest.

[…]

His other great military tour de force is as the carrot-topped carouser Major Jock Sinclair opposite John Mills’ by-the-book colonel in Ronald Neame’s Tunes Of Glory. An Ottawa reader who’d “sat through one mess dinner too many” wrote to me a few years ago to say that his all-time favorite Guinness movie line was Major Jock insisting, “Whisky for the gentlemen that like it, and for the gentlemen that don’t like it – whisky!” There’s a lot of Scottish dancing in the picture, and the film itself seems to reel, with Guinness’ blazing orange hair and heeland-flung accent poised brilliantly on a knife-edge of menacing heartiness.

That was unusual for him. I think it was Eileen Atkins who said that Guinness was the only actor who could do absolutely nothing in a close-up and yet you knew what he was thinking. It’s probably closer to the truth to say you knew he was thinking something, and you thought you knew pretty much what it was, but there was always the possibility that something more might be going on. A character like Colonel Nicholson has to be complex, or he simply doesn’t exist, and Guinness was a master at hinting at complexity, even when playing a piece of cardboard such as Obi-Wan. In an age of soul-barers, when Daniel Day-Lewis does Hamlet to work through his feelings about his father, Guinness remained a kind of Gypsy Rose Lee of great actors: he exposed very little, and thereby suggested that what lay underneath must be a real knockout. By the time he got to John le Carré’s George Smiley, he had mastered a unique skill: scene-stealing blankness, nicely caught on one of the early episodes of Whose Line Is It Anyway? when Jonathan Pryce, out of the blue, goes into a sly Guinness take-off — all glances off and an enigmatic smile.

He made his screen debut eight decades ago, in Evensong (1933). No one noticed. So he tried again with David Lean, as Herbert Pocke in Great Expectations (1946) and Fagin in Oliver Twist (1948), two superb performances. Then came his finest group of pictures — the Ealing years, beginning with Kind Hearts and Coronets (1949), in which he played eight different members of the d’Ascoyne family bumped off, in succession, by Dennis Price. Poor old Price actually gives the best performance, but no one cares: Kind Hearts is a novelty turn for Guinness, yet the film has a harder edge than his other Ealing films. To contemporary moviegoers, Ealing is a far more remote world than any in Star Wars — for a long time, the films were hard to get hold of and rarely aired on TV — but they show off brilliantly a youngish actor of unpromising looks but boundless inventiveness.

He had, by all accounts, a lower regard for his art than the other theatrical knights, but it served him well. And, unlike Olivier or Gielgud, Alec Guinness pulled off a unique double: he remains the only man in the galaxy to be knighted both by Her Majesty The Queen and the Jedi.

State occupational licensing is out of control

Filed under: Bureaucracy, Business, Politics, USA — Tags: , , , — Nicholas @ 08:58

Ramesh Ponnuru discusses some examples of ridiculous state occupational license requirements:

Melanie Armstrong wanted to be an African hair braider, practicing a skill passed down from generation to generation. In Tupelo, Mississippi, where she lived, government licensing rules meant she had to take 300 hours of course work to start her salon: 300 hours, she notes, “none of which covered hair braiding.”

In testimony before a U.S. House subcommittee on Wednesday, Armstrong explained that her “ultimate goal” was to teach others how to braid. Getting the needed licenses to do that would have taken 3,200 hours. None of them taught students how to braid hair, either. That’s more hours than it would have taken her to get licenses to become a firefighter, emergency medical technician, hunting instructor, ambulance driver or real estate appraiser. It’s longer than it would have taken her to get licenses for all those things combined.

The subcommittee — led by New Yorkers Richard Hanna, a Republican, and Grace Meng, a Democrat — was considering the excesses of state occupational licensing. More and more jobs fall under these regulations. In the 1950s, according to one study, only about one in 20 jobs required a license. By 2006, about 29 percent did.

While Armstrong helped get her state to scale back the requirements for hair braiders, the trend is toward more stringent regulation. Patti Morrow, who runs an organization fighting licensing for interior designers, says, “These bills come back year after year like zombies.”

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