Quotulatiousness

October 11, 2012

Venezuela’s man on a white horse

Filed under: Americas, Media — Tags: , , , — Nicholas @ 09:17

In sp!ked, Brendan O’Neill says that the western leftist affection for Venezuela’s Hugo Chavez illustrates its intellectual disarray:

For an insight into the collapsed standards, declining intellectual rigour and desperate opportunism of the modern Western left, look no further than its fawning over Hugo Chavez of Venezuela. In the past, much of the left — both the radical sections and even some of the stuffy Stalinist crowd — was highly critical of the Bonapartist antics of populist Latin American leaders. They critiqued the way these leaders mobilised the masses to give their narrow, bourgeois, largely state-orientated policies a gloss of legitimacy or the appearance of revolutionism. But now, so isolated is the Western left, so bereft is it of a domestic constituency or anything approaching a political plan, that it sees in Chavez’s twenty-first-century Bonapartism something ‘genuinely progressive’.

This week, Chavez won a fourth term as president of Venezuela. He did not repeat his landslide victory of 2006, instead winning a safe but not-especially-astounding 54 per cent of the vote (on a turnout of 81 per cent). His supporters among Western radicals immediately went into hyperbolic hyperdrive, talking about the ‘revolution’ that Chavez has led in Venezuela and commending him for ‘challenging imperial domination’. Chavez’s posturing against US influence in Latin America and his implementation of social-assistance programmes for the Venezuelan poor are variously described as ‘radical’, ‘progressive’ and part of his broader ‘profoundly revolutionary struggle’. He is compared to Simon Bolivar, the nineteenth-century political leader who liberated much of the Latin American continent from Spanish rule, or to Che Guevara, the more recent Argentine radical beloved of t-shirt sellers in hipster communities across the West.

Yet these accolades for Chavez tell us far more about the state of mind, and deep, existential needs, of the disarrayed left than they do about any revolution taking place in Venezuela. Because in truth, Chavez has far more in common with the populist style of the nationalist leadership pioneered in Latin America by Juan Peron, whom the left castigated for his exploitation of the masses, than he does with yesteryear’s revolutionaries. Juan Peron was an Argentine military leader who, after playing a role in the army’s 1943 seizing of power from the corrupt regime of Ramon Castillo, was elected president of Argentina in 1946, 1951 and briefly again in the 1970s. His rule — which came to be known as Peronism and was influential among populist left-wing leaders in Latin America — consisted of a combination of anti-Western actions, concessions to the working classes and the poor in the form of higher wages and trade union recognition, and populist demagogy. Through this process, Peron was able to build up an impressive mass base of support for his pursuit of nationalist capitalist development in Argentina.

David Suzuki “owes economists an apology”

Filed under: Cancon, Economics, Environment, Media — Tags: , , , — Nicholas @ 09:09

In the Globe and Mail, Mike Moffatt examines Suzuki’s latest attack on the economics profession and finds it extremely unpersuasive:

Popular environmentalist David Suzuki has described conventional economics as a form of brain damage. In a documentary called Surviving Progress, he quotes a fictional economist by saying, “who cares whether you keep the forest — cut it down. Put the money somewhere else. When those forests are gone, put it in fish. When those fish are gone, put it in computers.”

Beyond tarring the economics profession, he displays a perplexing lack of understanding of basic economic concepts. First of all, none of the rules taught in undergraduate economics course advise the owner of a resource to deplete it as quickly as possible. Perhaps he was confused with the Tragedy of the Commons problem, where lack of private ownership causes a resource to be overused.

[. . .]

The idea that economists do not care about externalities is a strange one, given how prominently they are featured in economics textbooks. An externality is, simply put, a spillover effect. It is the unintended costs or benefits from a transaction or decision experienced by third parties (that is, they were external to the decision). It does not mean phenomena that are external to economic modelling or things outside the interest of economists. Since, as Dr. Suzuki points out, the world is full of externalities, the concept is crucial in economic research.

French fishing fleet dabbles in piracy, maritime intimidation

Filed under: Britain, Europe, Food, France — Tags: , , , — Nicholas @ 09:01

The BBC reports on a recent incident between British and French fishing vessels:

Fishermen are calling for Royal Navy protection after claims they were attacked by French vessels.

Kevin Lochrane, from East Sussex, said he was surrounded by seven or eights boats in international waters 15 miles off Caen in a dispute over scallops.

One Scottish fisherman, Andy Scott, said he feared for his crew’s safety during the incident.

Other crewmen said they were also surrounded by the French fishermen, who they said tried to damage their gear.

50th anniversary of the Light Emitting Diode (sort of)

Filed under: History, Technology — Tags: — Nicholas @ 08:39

Tony Smith at The Register:

The Light Emitting Diode (LED) is 50 years old. Well, kind of…

It’s certainly 50 years since Nick Holonyak, working at GEC’s Syracuse, New York facility, developed what is considered the first LED capable of generating visible light. Holonyak’s LED was also the first to be in form ready for commercial usage. He wrote up his work and sent it off to Applied Physics Letters on 17 October 1962. The journal published the work in December 1962 under the headline ‘Coherent (visible) Light Emission from GaAs xPx Junctions’.

However, Holonyak’s work followed that of Gary Pittman and Robert Baird who, in 1961, observed the emission of infrared light by Gallium Arsenide — the GaAs in Holonyak’s headline — and, on the back of it, applied for and gained a patent — US number 3,025,589 — for the infrared LED.

[. . .]

Follow the literature back and you end up in Britain in February 1907, with the work of Marconi assistant Henry Round, who first observed the emission of light from a crystal of silicon carbide when a current was applied to it, a phenomenon called electroluminescence. In that sense, the LED is more than 100 years old. Round, however, never wrote a report on his findings.

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