Quotulatiousness

May 25, 2013

James Delingpole, that intellectual lightweight

Filed under: Britain, Law, Media, Religion — Tags: , , , , — Nicholas @ 08:16

Here he is again, banging on about his failings, particularly over the Woolwich murder:

On occasions like this I really do feel a bit of an intellectual lightweight, I must say. There am I, stuck in the fuddy-duddy mindset where you see a 25-year old father of a one year old boy being hacked to death with meat cleavers on a busy London street and all you can do is respond with the gut feeling that “This is wrong. This is totally wrong!”

Whereas if I were a bit younger, less reactionary and I’d had a proper educational grounding somewhere serious like the LSE, what I would have realised is that you just can’t judge things like this at face value. Sure, there’s a temptation to dwell on what a terrible way to go it must have been for that poor young man; to think about what his family must be going through — his wife and mother especially, who will surely be re-living his imagined death every day from now on till they die; to get quite angry, even, about the perverted political values and warped mindset that led to this barbaric act — and also about the cultural relativism that helped make it possible. But succumbing to this temptation would, of course, be a serious mistake.

No, if you’re a truly enlightened citizen of the modern world, the correct way to respond is the way all those sophisticated intellectual types on Twitter did. You recognise straightaway that the horror of the murder is just a distraction from the real issue. The real issue being, of course, that this regrettable event was the sadly inevitable consequence of Britain’s racism, intolerance and Islamophobia — as demonstrated by Nick Robinson’s bigoted, ignorant and inflammatory use of that reprehensible “of Muslim appearance” comment on BBC news for which he has since, quite correctly, apologised.

Until, as a society, we learn to face up to our collective responsibility for Drummer Lee Rigby’s death, young men like Michael Adebolajo and Michael Adebowale ought to have every right to go on drawing attention to this rampant injustice in whatever way they deem fit. It is frankly outrageous that in order to make their point they had to resort to the blunt instrument of execution by motor vehicle and butcher’s knife. A truly considerate society would have made public funds available for them to afford some properly functioning automatic weaponry. That way these gallant, oppressed freedom fighters could have made their vibrant and refreshingly direct contribution to our national debate with a lot less fuss and a lot less mess — perhaps preventing the disgraceful public overreaction we have witnessed over the last couple of days, everywhere from the hateful, violent racist English Defence League to the hardcore, fascist right-wing BBC.

Ireland’s corporate tax rate

Filed under: Business, Economics, Europe — Tags: , , — Nicholas @ 08:01

At the Adam Smith Institute, Tim Worstall explains why Ireland has — and should continue to have — a low rate of corporate tax:

Companies don’t pay corporation tax: it’s some combination of the shareholders and the workers who do. This is not a point in argument: the only argument is about what the portions are, not the fact that the burden falls upon these two groups. We also know what it is that influences which group: it’s how large the economy is in relation to the world economy and how open it is to capital movement. The smaller and more mobile, the more the workers get it in the neck.

The mechanism is simple enough. It’s pretty much straight from Adam Smith in fact. There’s an average rate of return to capital: a jurisdiction that taxes that return to capital will have a return lower than that global average. So, some domestic capital will flow out seeking the higher foreign returns, some foreign capital will not flow in for the lower domestic ones. There’s thus less capital employed in the economy. Adding capital to labour is what drives up the productivity of labour: the average wages in a country are determined by the average productivity in that economy. So, tax companies, get less capital employed, wages are lower than they otherwise would be. The workers are bearing part of the burden.

As I say, the smaller the economy and the more open it is then the more of that burden is upon the workers. And in a wonderful result back in 1980 Joe Stiglitz showed that the burden upon the workers can actually be more than 100%. That is, the workers lose more in wages than the government gets in tax.

Ireland’s a small economy, 3.5 million people or so and as it’s in the EU has about as close to perfect capital mobility as it is possible to get. Thus it ought to have a lower corporation tax rate than larger economies. And it does, so that’s just fine then. Attempts to push it up (as various EU types are currently muttering) would simply lower wages in that country.

This week in Guild Wars 2

Filed under: Gaming — Tags: , — Nicholas @ 07:54

My weekly Guild Wars 2 community round-up at GuildMag is now online. Due to scheduled maintenance, I had to stop updating the post about an hour before I usually publish, so a few regular items may have been missed. GuildMag has an updated look and feel this week, which was part of the reason for the maintenance on Friday. Next week will see the release of the next content update and we have some advance information on that plus the usual assortment of blog posts, videos, podcasts, and fan fiction from around the GW2 community.

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