Quotulatiousness

June 16, 2026

Piketty’s bid for another fifteen minutes

Filed under: Economics, France, Media, Politics — Tags: , , , , — Nicholas @ 05:00

I’m not an economist, so my personal opinion on Thomas Piketty’s work is based purely on the reports of others … you could say I’m not a fan. In the National Post, J.D. Tuccille discusses Piketty’s latest push to impoverish the rich nations for the noble cause of “global justice”:

Piketty’s 2021 paean to socialism and central panning.

Celebrity economist Thomas Piketty won fame with a claim that, in market economies, capital accumulates in the hands of the already wealthy, leading to increased inequality. The message found a receptive audience among people eager to believe economic success isn’t earned. Canada’s Prime Minister Mark Carney cited Piketty in his own 2021 book-length argument that economic activity should be managed by people like Carney.

And now Piketty is back seeking new fans with a scheme for top-down central planning of the world’s economy. He is the co-director of the new Global Justice Report from the World Inequality Lab.

Introducing the project, Piketty posted on X, “The world today is characterized by large-scale inequalities. And a climate crisis is looming over us. We urgently need a new vision for global progress in the 21st Century. One that grounds human development and equality in planetary habitability.”

Piketty shoehorns an impressive number of buzz phrases into a few lines. He includes concerns about equality and inequality, climate change and progress that should send thrills through college campuses. But Piketty has a talent for tapping into the moment. In this case, at a time when Freedom House’s annual report finds that “Global freedom declined for the 20th consecutive year in 2025,” the economist and his colleagues propose authoritarian policies for shaping the entire planet to their liking.

In his post, Piketty asks, “What would it take to achieve high prosperity and equality while remaining within planetary boundaries?” He answers that “energy transition” (meaning moving away from power sources that produce carbon) is necessary, as well as “labour hour reductions, growth caps in rich countries, less material consumption, and changes in food habits.”

The report itself asserts, “The compression of global inequality is not only compatible with deep decarbonization; it is a necessary condition for shared prosperity on a finite planet.”

To fight climate change and battle inequality, Piketty and company want “full income convergence across countries by 2100.” This requires, in part, limiting growth to “around 0-0.5% in today’s richest regions (North America/Oceania, Europe).” They argue that near-zero growth in rich countries “does not mean that their living standards stagnate” because people will benefit from flattened incomes.

On his Substack, Tim Worstall says that the latest Piketty emission disproves the “we need a global wealth tax” case of fellow French economist Gabriel Zucman:

So Tommy Piketty has released his big report self-pleasuring over how a few Frogs are going to run the global economy forever. The Guardian, of course, thinks there’s merit in it:

    One of the report’s key aims is to bring every country to today’s rich-country level of €5,000 per person per month in purchasing-power terms. The figure for sub-Saharan Africa is €290. The report proposes a new global fiscal and monetary architecture: taxes on the very rich would build the public realm, while a Keynesian “clearing union” and new international currency would ease the external constraints that limit poorer countries’ state spending.

Super, eh?

But the plan doesn’t just try to get the poor up to our standard of living — an excellent goal in and of itself, obviously. It also insists that we don’t increase our standard of living. For a century. Which is, you know, going to be a little more difficult.

So, how is this to be achieved? Well, this is Piketty — Frogs, eh? — so it’s going to be truly swingeing taxation of anyone who puts their head up above the parapet. The global 1% in fact.

And, well, this isn’t wholly true but it’s a useful rule of thumb, the top 1% globally is about the top 10% of the UK. -Ish, you know? Somewhere just above £50k a year for an individual in the UK. £150k for a two adult w/children household perhaps. That’s the level at which the 90% income tax swinges into action.

Oh, and, lovely wealth taxes on top too.

The effect of this is to kill economic growth. That’s what it’s designed to do too. You’ve enough, you rich bourgeois bastard, you, so that’s all you’re going to get and we’re going to use punitive taxation to make sure that’s true.

Well, OK, it’s a plan, right?

The ever-declining (yet still effective) British military

Filed under: Britain, Government, Military — Tags: , , , , — Nicholas @ 04:00

Britain’s military needs have shifted a great deal since the United States took over the unofficial role of “world policeman” after the Second World War. As Imperial commitments overseas were reduced by former colonies achieving independence, the British armed forces have also diminished. In UnHerd, Edward Luttwak considers the current state of the British army, the Royal Air Force, and the Royal Navy in the wake of the sudden resignation of Defence Minister John Healey from Sir Keir Starmer’s cabinet:

Britain’s armed forces have undergone a very long recessional. In 1945, the Army alone had some three million men under arms, with millions more in the navy, air force and various colonial forces. At the start of this year, by contrast, the “trained strength” total of the Royal Navy, RAF, Marines, and Army came to just 126,440, a figure that has actually fallen since Putin’s invasion of Ukraine. But it was not just that very low figure that explains John Healey’s dramatic resignation last week.

Until relatively recently, British defence secretaries were much envied by their European counterparts — because they were allowed to conserve as much real combat strength as possible by cutting everything else to conserve money for training and realistic exercises, as well as the continuous maintenance it requires. Typical in that regard was Healey’s namesake Denis, a fiery socialist and decorated beachmaster at Anzio, who served as Labour’s defence secretary from 1964-70. No relation to his 21st-century successor, this elder Healey worked closely with his cabinet colleagues to cut costs on buying warships, aircraft, bases and the like, to focus instead on what really matters: training, munitions and maintenance.

That may seem like mere common sense. But since the post-Cold War drawdown that was underway by 1991, almost every European defence ministry has wasted increasing proportions of their diminishing defence spending to keep increasingly empty bases open — often just to preserve civilian janitors and ground-keepers in a job, and retired NCOs in their attached housing. Also bloated are the officer corps of most European forces, increasingly disproportionate to their shrinking personnel totals. The Spanish army is perhaps the leading champion here. Despite shrinking from 280,000 men in 1990 to just 75,000 today, it has preserved every formation command, and every regional headquarters and geographic command, including one for the Canary Islands, headed by a three-star army general and flanked by navy and air force counterparts.

Altogether, these commands absorb a remarkable percentage of the total armed force personnel: all just to keep up appearances, and jobs for generals and admirals. Nor is the Spanish army unique in this self-sabotage; Madrid’s wasted defence spending, which may even reflect the policy preferences of its pacifist government, is merely an exaggerated version of knowingly wasteful policies across Europe. By a remarkable coincidence, for instance, every branch of the Italian armed forces — as well as the civilian police, the customs police, and the carabinieri military police present in every town — buy almost all of their pistols, rifles and machine guns from privately owned Beretta. The French are arguably even worse offenders: all their combat aircraft are slated to come from the privately-owned Dassault Aviation, and for all the lobbying of British firms they are not allowed to become monopolies.

The root cause of John Healey’s complaint is that to preserve those envied British defence practices, to retain a disciplined focus in using taxpayers’ money to buy actually usable combat capabilities, there are minimum funding levels which must be respected. All concerned know perfectly well that spending on “combat readiness” is like buying cut flowers: which must be bought anew each day, at the expense of furniture that can last for decades or even centuries. In other words, doing defence for real is, much more than anything else a government does, like running a restaurant open 24 hours a day, 365 days a year. This is true even when compared with health care, in which the vast majority of patients do not require round-the-clock intensive care.

Luttwak pointedly differentiates the way the British armed services operate to most of the other NATO allies: “In sober strategic terms, there is nothing especially important about these examples. But think of the alternative: 3.5 million active NATO personnel, from Canada to Turkey, who eat breakfast, lunch and dinner in uniform every day — almost none of whom is ready to fight in earnest for any reason whatsoever.” The emphasis on the “soft” investment of skills and training has to be contrasted with the kinds of military organizations who boast vast numbers of tanks, artillery pieces, helicopters, fighter jets and bombers, but who lack the crews, maintenance technicians, and parts supply to keep them operational.

Update, 17 June: Welcome, Instapundit readers! Have a look around at some of my other posts you may find of interest. I send out a daily summary of posts here through my Substackhttps://substack.com/@nicholasrusson that you can subscribe to if you’d like to be informed of new posts in the future.

Universal suffrage has its drawbacks

Filed under: Media, Politics, Quotations, Technology — Tags: , , , — Nicholas @ 03:00

Democracy is a better system than many others that have been tried over the centuries, but it’s far from perfect. Giving everyone the vote sounds like a good idea: you have some small theoretical degree of influence over the people who run the country (note the “theoretical” here). Devon Eriksen points out one of the problems with universal suffrage today:

The problem with universal suffrage is that the more technologically advanced a civilization becomes, the smaller the fraction of people there are in it with the native intelligence to understand how it works.

When the majority of humanity was employed in whacking at the dirt with a pointed stick, and the height of technology was a slightly better pointed stick, anyone with a triple digit IQ could understand what was going on.

Now, we have things like stock markets, the internet, transportation infrastructure, and the Linux kernel, but most people who vote are unable to conceive of these as anything but large piles of chocolate coins, or something else they can put their mouths.

Because that’s how the average monkey interacts with money. They stack the blocks, the research assistant gives them a token, they exchange the token for a banana.

It’s no good trying to explain to the monkeys what supply chain is, or how a trillion dollars worth of rockets can’t magically be converted into a trillion dollars worth of bananas just because they’re both measured in dollars, as if a six-foot man and a six-foot plank of wood were interchangeable.

Finding a slightly different explanation, or getting the monkeys to sit still and really listen, doesn’t really help.

Because the problem isn’t just that the monkeys aren’t paying attention. The problem is that the monkeys are monkeys.

Their brains simply don’t have the developmental capacity to grow the neural connections they would need in order to grasp and manipulate the concept.

In the long term, this is why universal democracy is doomed. Because societies that let retards vote will fail, and be replaced by those that don’t.

You may think that we, as a society, face a great variety of problems. We do not. We have only one. Retards. Every other problem we have is downstream from their inability to understand the consequences of their political opinions.

But to fully grasp the implications of this, you have to understand that the definition of “retard” changes over time, as technology advances, because the IQ level required to grasp what’s really going on gets steadily higher and higher.

Eventually, the category “retard” grows until it includes the average person.

This has already happened.

Nick Knudsen isn’t dumber than the average guy. But the average guy, the 100 IQ salt of the earth guy that’s sitting on the next bar stool over, can no longer understand the modern economy. And this isn’t correctable, because the problem isn’t ignorance, it’s complexity.

You can’t make Nick Knudsen smarter by telling him things. You can’t even make him less ignorant, because the bare facts aren’t believable to someone who doesn’t have the framework to understand how they fit together.

The people who understand what’s going on are so much smarter than him that he doesn’t even think they sound smart.

He thinks they sound crazy.

Why Argentina Lost the Falklands War

Filed under: Americas, Britain, History, Military — Tags: , , , — Nicholas @ 02:00

Real Time History
Published 6 Feb 2026

On March 28, 1982 almost the entire Argentinian navy, carrying 900 troops, invaded the Falkland Islands (Islas Malvinas). The ruling junta was confident Britain wouldn’t oppose the Argentinian fait accompli. But Britain’s political will and military ability to carry out a successful campaign at the end of an 12,500 km supply line surprise many.
(more…)

QotD: Nitpicking the field fortifications in Gladiator (2000)

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

[…] The army is also deployed wrong.

What we are shown is pretty clearly a prepared defense on a hillside, with a series of raised terraces, with a mix of abatis (sharpened wood obstacles, often crudely cut wood stakes set in an X pattern) and mantlets, with gaps in those defenses to allow units to move and a whole bunch of catapults positioned up on the hill. The terraces make for a layered, multi-stage fighting position at each level. On the one hand, the Romans were hardly averse to field fortifications and one wonders again if this set was a product of someone with an active imagination looking at the Column of Trajan [Wiki], which features a lot of scenes of Roman soldiers cutting trees and building bridges, roads and forts.

The problem isn’t that there are field fortifications, it is everything else about them: the style of field fortification, their position, layout and use. As we’ve noted before, Roman armies on campaign built fortified marching camps nightly, so we would expect Maximus’ army to have such a camp, but as we’ve discussed even more so, one of the classic, famous features of Roman armies is that they build the same layout of camp wherever they go, the famous Roman “playing card” forts, generally built on flat, open ground (rather than hillsides). That defense would not look like this, instead consisting of a ditch (the fossa) behind which would have been a earthwork rampart (the agger) topped with a wooden palisade (the vallum); thus rather than successive layers, you’d have a single clear fighting position (the vallum) on a mount with the ditch directly in front of it. And that would be a continuous line, with just four gates (at the center of each side), rather than this kind of checkerboard pattern of fortifications, because of course the purpose of this defense was to prohibit entry. Moreover, the line of field fortifications we see are not part of, nor connected to, a marching camp: it is simply a line of fortifications on the side of the hill with nothing on the flanks, rather than the distinctive “playing card shape”. We don’t see the camp sitting behind it either.

But the really immediate problem is that Maximus’ army has formed up within his troops strung through the field fortifications, with legionary soldiers mostly in front of them (but some are behind them) and the archers in between the stakes and mantlets. This may seem like a sensible way to form up a defense, but it is not the Roman way. Maximus is very intentionally “offering battle”, – inviting his opponent into an open field engagement. The way a Roman army did this was invariably forming up on the flat, open, unfortified ground in front of the camp, toward the enemy, signalling that they would fight in the open, outside of their walls (as Maximus does indeed intend to do).

So what we ought to see is Maximus’ army formed up outside in the open field, with the camp likely visible some distance behind them. That camp would be protected by very different fortifications: you’d be able to make out its “playing-card” shape, with watch-towers on the corners and the raised vallum running the exterior and the relatively neat grid of tents in the interior.

Finally, before we get to the battle plan, I want to note one more oddity here, which is the battlefield itself. The battlefield is a muddy field, which it looks to have been recently clear-cut, otherwise surrounded by dense forest. Of course part of the reason is that this is Bourne Wood, a coniferous tree plantation (and frequent filming location) in Surrey, England (which is why the trees are all the same species, so neatly spaced out) rather than the edge of an old-growth forest somewhere in southern Germany.

But the thing is, the Marcomanni, Quadi and other Germanic-language speaking peoples were an agrarian society, same as the Romans: their villages were surrounded by farm and pastureland. Of course a lot of the forest – old-growth forest, rather than tree-farms as here – remained, but if a Roman army wanted a flat, open space to offer battle in, they needn’t have cleared it themselves (and indeed probably couldn’t, at least not in the time frame they’d have to prepare for a pitched battle), but could simply march to the nearest village with its patches of farmland. Getting a Roman army to fight in dense, old-growth forest, after all, famously required clever ambushes, as a Teutoberg Forest (modern Kalkriese) in 9 AD. And if the enemy didn’t want to fight in the open, Roman armies were perfectly happy to burn villages and pillage crops as the standard way of attempting to force an enemy to accept an offer to battle or else vacate the area.

Bret Devereaux, “Collections: Nitpicking Gladiator’s Iconic Opening Battle, Part I”, A Collection of Unmitigated Pedantry, 2025-06-06.

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