Quotulatiousness

August 19, 2015

Canada looks very good on an international ranking you won’t hear about from our media

Filed under: Cancon, Economics, Greece — Tags: , , — Nicholas @ 05:00

Our traditional media are quick to pump up the volume for “studies” that find that we rank highly on various rankings of cities or what-have-you, but here’s someone pointing out that Canada’s ranking is quite good, but it’s not the kind of measurement our media want to encourage or publicize:

First, we must identify a nation’s currently employed population. Next, all public sector employees are removed to obtain an adjusted productive workforce. It may be objectionable that certain professions, like teaching, nurses in single payer systems and fire fighters, are classified as an unproductive workforce, but as our system is currently designed, the salaries of these individuals are not covered by the immediate beneficiaries like any other business but are paid through dispersed taxation methods.

Finally, this productive population is divided into the nation’s total population to identify the total number of individuals a worker is expected to support in his country. To remove bias toward non-working spouses and children, the average household size is subtracted from this result to get the final number of individuals that an individual must support that are not part of their own voluntary household. In other words, how many total strangers is this individual providing for?

The Implied Public Reliance metric does a far better job of predicting economic performance:

Canada - implied public reliance

Greece, the nation with the debt problem, is currently expecting each employed person to support 6.1 other people above and beyond their own families. This explains much of the pressure to work long hours and also explains the unstable debt loads. Since a single Greek worker can’t possibly hope to support what amounts to a complete baseball team on a single salary, the difference is covered by Greek public debt, debt that the underlying social system cannot hope to repay as the incentives are to maintain the current system of subsidies. To demonstrate how difficult it is to change these systems within a democratic society, we just have to look at the percentage of the population that is reliant on public subsidy.

Canada - reliant on public funding

Oh, and by the way … Greece is doomed:

The numbers imply that 67 percent of the population of Greece is wholly reliant on the Greek government to provide their incomes. With such a commanding supermajority, changing this system with the democratic process is impossible as the 67 percent have strong incentives to continue to vote for the other 33 percent — and also foreign entities — to cover their living expenses.

The Clintons

Filed under: Politics, USA — Tags: , , , — Nicholas @ 04:00

Jonah Goldberg from last week’s “news”letter:

Bill and Hillary Clinton are like that Third World driver who takes a hairpin curve at high speed and survives. Everything worked out, so why change your behavior?

Now, Bill is a famous case. In many respects he’s lived a Caligulan lifestyle. No, he’s never tried to make his horse a senator, nor did he order the army to declare war on Neptune, but for him the highest law is whatever he can get away with.

Bill’s entire life has been about cutting corners, shaving the truth — often down to the bone — and conflating his priapism with his sense of entitlement. This has worked out for him because he has superhuman powers of duplicity and cozenage. There are legends in Little Rock of how a young Billy Clinton was on a school field trip to a laboratory when, through an unlikely series of events, a radioactive hustler bit him on the hand, giving him unearthly powers of flim-flammery and deception. The earnest lad was suddenly transformed.

I have no doubt Bill believes that he uses his powers for good, but with the pimpish midichlorians coursing through his veins, he can’t help himself. Over time, as he continually escapes the snares reality and morality typically set for mortal men, he has come to have a sense of entitlement and immunity about it all. Like the hazardous driver who’s never had a crash or the lucky investor who’s never lost money, he just thinks: This is the way reality works. Even when a black swan hits him in the grill, he talks his way out of it.

The tragedy for Hillary Clinton is that she is all too human. As Bill’s mortal sidekick, she’s had a good ride. But whereas Bill has an almost Jedi-like ability to lie convincingly — “these aren’t the interns you’re looking for” — Hillary has no superpowers to fall back on. She just has to grind it out. Like Syndrome in The Incredibles or the entire cast of Kick-Ass, she has to compensate for a lack of raw superpowers through guile and technology — and minions, lots and lots of minions. They do her dirty work for her. They burrow into the bureaucracy and cover for her. They get appointed to commissions and erect firewalls against accountability. They tell her what she wants to hear and explain how all bad news is someone else’s fault. They scrub the paper trail. They even shove classified evidence in their pants, if that is what is required. As Renfield to her huband’s Dracula, Otis to his Lex Luthor, Gogo Yubari to his O-Ren Ishii , Alistair Smythe to his Kingpin, Tom Hagen to his Don Corleone, Bizarro World Radar O’Reilly to his evil Colonel Potter, she has amassed considerable resources and abilities of her own. There’s now an entire Clinton-Industrial Complex that fuels and funds the vast interconnected network of minions. They are like agents of Hydra, embedded in the media, in government, and in academia. Places like Media Matters are like huge industrial farms for breeding Clintonian hacks where the larvae are grown in vats.

The Duffy Affair – try explaining it in just one sentence

Filed under: Cancon, Government, Media — Tags: , — Nicholas @ 03:00

Colby Cosh on the Senate scandal that is convulsing the Parliamentary Press Gallery from coast-to-coast (actually, it’s more like from Gatineau to Nepean):

I wish I’d captured the exact quote from Twitter, but a paraphrase will have to do: someone said recently, “If you want to feel better about Canada, try explaining the Duffy-Wright scandal to someone from another country in one sentence.” I cannot help feeling that there is something to this. Our media have blitzed a courtroom and consumed great newspaper acreage over a very technical and complicated topic. There is no glamour in the affair, by world standards — phrases like “paid for hookers,” “hired a death squad” or “donations from the Klan” are absent.

Dubious billing procedures by politicians make for good stories. They helped bring down an Alberta government not long ago. But that news story involved using public resources for partisan purposes. In the case of Nigel Wright — as distinguished from the issue of Mike Duffy being a scurrilous, greedy trimmer, a truth we did not need a trial to tell us — the fundamental problem is what the Conservative party and Wright did to defray the questionable expenses imposed upon the treasury.

A scandal and a shame it may be, but in an upside-down way. Mike Duffy’s expense claims have not yet been found to be legally or procedurally wrong. Duffy was unwilling to pay them back. Nigel Wright tried to pre-empt the issue by making use of his personal fortune. It’s a “scandalous” donation of private dollars to the public treasury.

If I ask what is actually scandalous about this, I am guaranteed to receive several different answers. The Conservatives are charged with having considered paying Duffy’s expenses out of party funds, which, I am told, are “public” in nature because they are supported by a tax subsidy. The Conservatives did, of course, contemplate using party funds … but didn’t. And those funds, though subsidized, exist precisely to be applied ad libitum for partisan convenience.

Another theory is that Wright’s payment was, by its inherent nature, a “bribe.” The Conservatives, covering up bribery! — non-lawyers are fond of that one. Whether Duffy was guilty of accepting a bribe is, of course, one of the issues in the trial. It is even less clear that Wright is guilty of having offered a bribe: in law, a bribe does not take two to tango. Under the Criminal Code, giving a bribe means giving money to a legislator in order to get them to do something, or not do something, “in their official capacity.” There are plenty of speculative theories about what Wright had to gain from paying Duffy’s expenses: none, as far as I can see, involve Duffy’s official conduct.

The Big Ideas of Trade

Filed under: Economics — Tags: , , , — Nicholas @ 02:00

Published on 25 Feb 2015

Trade makes people better off, but how? In this video we discuss the importance of specialization and division of knowledge. Specialization leads to improvements in knowledge, which then lead to improvements in productivity. For instance, physicians who specialize are able to learn more about one specific area in medicine, and we benefit from better health care because of this.

What does specialization have to do with trade? What can we learn from Star Trek about the division of knowledge? Is globalization a good thing? We’ll answer these questions and others in this introductory video on the big ideas of trade.

QotD: Political autobiographies

Filed under: Books, Humour, Media, Politics, Quotations — Tags: , — Nicholas @ 01:00

… usually these books are simply campaign documents or, in the case of Wendy Davis’s Forgetting to Be Afraid: A Memoir, résumés for candidates who have suffered a crushing defeat or expect to suffer a crushing defeat, offering a rationale for keeping themselves in the game.

I have heard more than one thoughtful political observer lament the fact that Bill Clinton is constitutionally incapable of writing an honest book — given the man’s intelligence, his charm, and his genuinely dramatic life’s story, he might very well have written a real work of literature. But politics suffers from the same tendency toward dishonesty that U. S. Grant attributed to war: Political careers “produce many stories of fiction, some of which are told until they are believed to be true.” How many Americans still to this day believe that John Ashcroft draped a statue of Justice because he was scandalized by her bare, aluminum breast, or that he fears that calico cats are emissaries of Satan?

But, as Neil deGrasse Tyson demonstrates, in politics the truth rarely gets in the way of a good story. If ever I run for office — angels and ministers of grace defend us! — I will title my memoir Awesome American Courage: My Courageously Awesome American Story of Awesomely American Courage. Never mind that I’ve never done anything particularly awesome or courageous; Wendy Davis never really had much to forget to be afraid of, either, except, possibly, the voters.

Kevin D. Williamson, “A Plague of Memoirs: A courageously awesome American story of awesomely American courage”, National Review, 2014-10-06.

Powered by WordPress