Quotulatiousness

December 3, 2016

Trudeau government to approach legalizing marijuana as an explicitly crony capitalist exercise

Filed under: Cancon, Health, Law — Tags: , , , , , , — Nicholas @ 10:34

Jay Currie was woken up at an ungodly early hour to talk on a radio show about the leaked portions of the Canada Marijuana Task Force Report. It’s apparently not good news for consumers but really great news for the existing favoured “legal” producers:

The leak itself is interesting and more than a little outrageous. The Report clearly favours Health Canada Licenced Medical Marijuana growers and many of those corporate grow shows are publically traded companies. Allowing the report to come out in dribs and drabs (because “translation”) could cause deep uncertainty in the public markets. The government should release the report, in toto, immediately.

Substantively, the Report apparently recommends that legalization efforts be directed at “getting rid of the $7-billion-a year black market. Sources familiar with the report, which is expected to be made public Dec. 21, say all the other recommendations flow from that guiding principle.”

It is not clear whether that “black market” includes the grey market of dispensaries and pot shops which has grown up in Canada and which continues to expand.

Using “legalization” as a weapon against the “black market” is pretty much the level of restrictive thinking I expected from the Task Force. Rather than seeing legalization as an opportunity to regularize the marijuana market, the language suggests a resumption of the war on drugs by other means.

The Task Force is apparently suggesting that the 40 Health Canada approved licencees remain the only legal source of marijuana and proposes that recreational pot, like medicinal pot, continue to be delivered by Canada Post. A nostalgic bow to the mail and a suggestion pretty certain to keep dispensaries and “Bob on the corner” in business for the foreseeable future. Here is a free clue for the Liberal government: recreational pot users are impulse buyers. As I say in my book, “The most common triggers for the decision is that, by their lights, a customer is running low on pot, has run out of pot or has been out of pot for some time but only now has the money to buy more pot.” In short, not likely to wait a week for Canada Post to deliver.

The History of Paper Money – IV: Lay Down the Law – Extra History

Filed under: Economics, Europe, France, History — Tags: , , — Nicholas @ 03:00

Published on Oct 22, 2016

What happens when you really try to put paper money doctrine into practice? And why would you put a gambler, womanizer, and fugitive criminal like the ironically named John Law in charge of running it?

Capitalists and communists

Filed under: Bureaucracy, History, Politics — Tags: , , , — Nicholas @ 02:00

David Warren notes an odd similarity:

The last generation of Communists in power, in the Soviet Union and elsewhere, suffered from a debilitating foible. They did not themselves believe in the ideology they were preaching. Their efforts were thus directed to getting around the realities their forebears had not anticipated. They thus became their own enemies, working against their own unworkable socialist principles, and in the course of their tireless if frazzled ministrations, the Berlin Wall came down.

Capitalism suffers from the same problem today. The principles of Adam Smith are not seriously believed by any of its nominal advocates. They are not even known. Nor could they be, for like Marx, Smith is not even read. I have derived pleasure, on many occasions, from pointing out to some ideological enthusiast for Capitalism, that its supposed author was refulgently opposed to joint-stock companies. Which is to say, to the form of business ownership that controls — oh, I don’t know — ninety-five percent of the so-called “private sector” economy today?

I observed that, apart from any consideration of morality (and he was, after all, only an amateur economist, but a professional Perfesser of Moral Philosophy), Smith believed that joint-stock companies were inefficient, because essentially bureaucratic. This is inevitable when ownership is separated from management. “Growth,” or Bigness, subtly replaces profit (both mercenary and non-mercenary) as the principal aspiration.

As a general rule of thumb, when you want to get something done, use the smallest possible organization to achieve your desired goal. I always found it a warning sign of future decline when small companies I worked for started to take on the trappings of bigger companies … when the bureaucratic rot began to set in. In some cases, just the transition to having an “HR Department” (rather than managers hiring directly) was enough to trigger bureaucracy growth and efficiency losses.

QotD: Gender and transgender

Filed under: Health, History, Quotations — Tags: , , , — Nicholas @ 01:00

The Oxford English Dictionary defines transgender as ‘[d]enoting or relating to a person whose sense of personal identity and gender does not correspond with their birth sex’. It is a relatively new term. According to equality-law professor and trans activist Stephen Whittle, the term ‘transvestite’ was first used in 1910 by the German sexologist Magnus Hirschfeld, who would later found the Berlin Institute where the very first sex-change operations took place. ‘Transsexual’ was not coined until 1949; ‘transgender’ not until 1971; and ‘trans’, which is a very British term, not until 1996.

The first reported sex-change operation may have taken place at Hirschfeld’s Berlin Institute in 1931, but the procedure only became widely known after American Christine (George) Jorgensen travelled to Denmark in 1952 to undergo sex-change surgery. In 1954, following Jorgensen’s transition, US endocrinologist Harry Benjamin began using the term ‘transsexualism’ to describe a unique condition of sex and gender role disorientation.

Throughout the 1960s, transsexualism, and the clinical response to it, remained a contentious issue. Medical professionals in the US were largely opposed to the idea of offering sex-change surgery. A 1965 survey showed that just three per cent of US surgeons would take seriously a request for a sex-change operation. And yet, by the early 1980s, thousands of sex-change operations had taken place.

The Hopkins Hospital, affiliated with Johns Hopkins University, became the most prominent institution to offer transsexual surgery during the 1970s. Under the guidance of psychologist John Money, psychiatrist Eugene Meyer and plastic surgeon Milton Edgerton, the Hopkins Hospital utilised the ‘single theme’ method for diagnosing transsexuals. This involved determining whether or not the patient had an intense conviction to be the other sex.

But, as the rate of referrals increased, by the late-1970s, some of the negative after-effects of sex-change surgery became apparent. These included: medical complications, demands for reverse surgery and suicide attempts. Moreover, it was discovered that, due to the self-diagnostic nature of the ‘single theme’ method for determining treatment, some patients had learned what kinds of things they needed to say in order to receive surgery.

Hopkins Hospital eventually stopped performing the operations in 1979, after Jon Meyer, the chair of the sexual behaviours unit, conducted a study comparing 29 patients who had the surgery and 21 who didn’t, and concluded that those who had the surgery were no more adjusted to society than those who did not have the surgery. As Meyer told the New York Times in 1979: ‘My personal feeling is that surgery is not proper treatment for a psychiatric disorder, and it’s clear to me that these patients have severe psychological problems that don’t go away following surgery.’

While physicians and commentators argued over whether or not medical intervention benefited the patient, for some of those who chose to undergo treatment, it was a lifeline.

Naomi Firsht, “The Rise of Transgender: In the space of a century, transgenderism has become a mainstream concern”, Spiked, 2016-10-28.

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