Quotulatiousness

October 24, 2024

It’s called “piercing the corporate veil” and it’s a terrible idea

Filed under: Business, Europe, Government, Media, Politics, Technology — Tags: , , , , , — Nicholas @ 04:00

Tim Worstall explains why the EU’s latest brain fart is not just a bad idea in its own right, but a truly horrific precedent for the future:

Elon Musk at the 2015 Tesla Motors annual meeting.
Photo by Steve Jurvetson via Wikimedia Commons.

… But now, this, now this is even more important than that. We can deal with free speech by the judicious use of lampposts. This is worse:

    The European Union has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp., an approach that would significantly increase the potential penalties for violating content moderation rules.

    Under the EU’s Digital Services Act, the bloc can slap online platforms with fines of as much as 6% of their yearly global revenue for failing to tackle illegal content and disinformation or follow transparency rules.

In English law that’s known as “piercing the corporate veil”. It’s also something we don’t do. Because that corporate veil is the very thing, the only thing, that makes large scale economic activity possible.

It has actually been said — and not just by me — that the invention of the limited company is the third grand invention of all time. Agriculture, the scientific method, the limited company.

Before the limited co everything was done through partnerships. Every individual involved in the ownership of something was liable for all of the debts of that thing. Which, when you’ve got 5 or 10 blokes trading isn’t that bad an incentive upon them to be honest.

Now think of large scale activity. We want a blast furnace — plenty of folk say Britain should have one after all. £3 to £5 billion these days. OK. No one’s got that much. So, we need to mobilise the savings of many thousands of people to go build it. But without limited liability that means all of those thousands are liable for all the debts — off into the future — of that blast furnace.

“Invest £500 in the new, new British Steel. And if we fuck up then in 10 years’ time they’ll come and take your house.”

Err, yes.

Large scale economic activity depends upon being able to separate the debts of one specific activity from the general economic life of all its backers. If this is not true then no one will invest in large scale economic activity. Therefore we won’t have large scale economic activity. Which would, you know, be bad.

The colonization of academia

Filed under: Australia, Education, History, Media, Politics — Tags: , , , , , , — Nicholas @ 03:00

Lorenzo Warby decries what he calls “the systematic attack on sense-making”, especially the galloping credentialization of everything in sight partly through the long-running takeover of the universities:

University College, University of Toronto, 31 July, 2008.
Photo by “SurlyDuff” via Wikimedia Commons.

The disastrous dysfunction of our universities is nowhere more obvious than in the Education Faculties and Departments, which have been invaded by systems of toxic nonsense that not only have no pedagogical value, they are actively pedagogically destructive. Ideas that manifest in pedagogical “theories” and “techniques” that not only lack evidence, but actively go against the evidence, yet allow adherents to flatter themselves as noble Social Justice activists.

In 2004, psychologist Richard E. Mayer published in American Psychologist the paper “Should There Be a Three-Strikes Rule Against Pure Discovery Learning?: The Case for Guided Methods of Instruction”. In it, he decried the way Education academics kept re-packaging ideas that have been shown, again and again, not to work.

Fast forward to 2023 and the National Assessment Program – Literacy and Numeracy (NAPLAN) results show that about a third of Australian school children have inadequate literacy. The Australian Education Minister announces a A$12bn package to, among other things, essentially bribe the public school systems to bring in explicit instruction — an effective approach to pedagogy in line with what psychologists have shown across decades to work. This would replace the — yet again repackaged — notions pushed by Education academics that do not work and which appear to be on their fourth or fifth iteration. So, no, three strikes were not enough.1

Sympathetic reviews of Isaac Gottesman’s The Critical Turn in Education applaud the sets of ideas he discusses as flowing through Education academe. Yet they are all sets of ideas not only without pedagogical value, but that are actively pedagogically toxic.

All of this colonising of Education Faculties — and then of school systems — of pedagogically disastrous ideas has been done on the basis of massive bad faith. This process of colonisation pushed ideas that did not remotely reflect the view of the citizens that were paying for all this and who entrusted their children to ideologically-colonised school systems.

Ideas that have no evidentiary basis worth mentioning to support them: indeed, went systematically against the available evidence. Ideas, moreover, that actively seek to increase social dysfunction so that the oppressive “dross” of contemporary societies can be burnt away and the transformational future can emerge like gold from the ashes: i.e., social alchemy theory.

Hence the systematic attack on the mechanisms for adjudicating facts, and on mechanisms of accountability.

Much of the anti “disinformation” push — also coming out of the universities — is about protecting preferred ways of looking at the world from inconvenient criticism and inconvenient concerns. Fake news, even on a broad definition, is a tiny proportion (0.15 per cent) of US daily media consumption, and is dwarfed by consumption of mainstream news. It is a prop of convenience.

The convenient-moral-panic campaigns to block “disinformation” also go against both historical and scholarly evidence that censorship tends to promote conspiracism and entrench views among the censored. The hate speech laws of Weimar Germany enabled prosecuted Nazis to play the martyr game.

Cargo cult grant structures

There is a lot one could say about the institutional problems that gave rise to all this academic dysfunction. For instance, the innovation cargo cult that has led to spurious academic “innovation” funded by grants. Grant structures that have had many invidious effects — including, via daft citation metrics2 and straightforward financial interest, the replication crisis — and massive waste of public funds on toxic nonsense.

Universities and mainstream media want to maintain their authority, while evading responsibility for what they have done to destroy that authority.

    1. Australia has had public schools since the 1850s. Apparently, they still have not yet learnt to reliably teach students adequate literacy. Let that sink in. (In reality, it is worse than that, their performance has regressed.)

    2. Citation metrics that replace what is useful — good teaching — with what is public while also enabling idea laundering.

Did the Media Lose the Vietnam War?

Filed under: Asia, History, Media, Military, USA — Tags: , , , , , , , , , , , — Nicholas @ 02:00

Real Time History
Published Jun 21, 2024

In late April 1975, dramatic images from Saigon are beamed across the world. North Vietnamese troops proclaimed final victory. Just how did the US lose the Vietnam War?
(more…)

QotD: From the OG Pontifex Maximus to the Pope

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

The title of the Pope in Rome today is Pontifex Maximus. “Pontifex Maximus” was originally the title of the chief high priest of the College of Pontiffs in ancient Rome, not specifically the Emperor, though several Emperors did hold the title. This title indicated both religious and secular authority within the Republic and the Empire, responsible for overseeing sacred rites to Jupiter/Zeus at the Temple on Capitoline Hill. The College of Pontiffs was established around 300 BCE, an organization of high priests overseeing public religious services. Sound familiar? That’s because the College of Cardinals directly descends from it.

The Protestants might be happy to hear Misanthrope claim this would make you sick, because they’d correctly state that absolutely none of this is in the Bible. The entire liturgical structure of the Catholic Church is pagan, an inherited but corrupted structure from classical antiquity. Thus, a great majority of historic Christianity is syncretic. You might even say haphazardly pagan. The very idea of a high priest who would oversee the spiritual and religious duties is copped by the Pope’s role in Catholicism. The vestments worn by Catholic clergy, the use of incense (especially frankincense, the main herb used by invocations in Hellenism), chants, the sanctification of holy spaces, and the very architecture of Catholic cathedrals are derived from religious practices of pagan Rome. Let’s not get into art. The processions, the veneration of saints (akin to the Roman household gods or Lares), ancestor worship (which Catholics pretend they don’t do), and the hierarchical structure all reflect a continuity from Rome’s Hellenic pagan past. The Catholic Church’s liturgy, with its detailed rituals and sacraments is a direct continuation of the Greco-Roman pagan way of embedding religious practice into every aspect of public and private life. The transformation of its pantheon of gods into a multitude of saints, each with specific roles and domains is indistinguishable from how they interacted with their deities.

Fortissax, “Spiteful Mutant Christians”, Fortissax is Typing, 2024-07-19.

[NR: Glossary links added.]

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