Quotulatiousness

October 6, 2026

The World Economic Forum

Filed under: Bureaucracy, Economics, Government — Tags: , , — Nicholas @ 03:00

On the social media site formerly known as Twitter, Handre looks at the amazing — and sinister — success of the World Economic Forum:

The World Economic Forum.

Every January, roughly 2,800 executives, finance ministers, and central bankers fly private jets into Davos, Switzerland, to discuss how you should use less fossil fuel, practice sustainability, and pursue “equitable growth”.

Klaus Schwab founded the Forum in 1971, and for 55 years it has perfected a singular trick: dressing up cartelization as collaboration. When BlackRock’s Larry Fink sits across from Christine Lagarde and three heads of state, the outcome is never deregulation. It is always managed markets, stakeholder capitalism, and what the Forum itself calls “public-private partnership”, which is the polite term for incumbent firms writing the rules their competitors must follow.

The 2030 Agenda the Forum relentlessly pushes centralizes energy allocation, monetary policy, and food production under supranational bodies that nobody elected and nobody can remove. Prices no longer signal actual scarcity; they rather reflect political priorities. Farmers in the Netherlands lost land to nitrogen regulations lobbied into existence by parties with no skin in Dutch agriculture. You absorbed that cost through food prices, quietly, with no vote cast.

The Forum redistributes access to governments, and access to governments is worth more than genuine productivity when regulations make genuine productivity nearly illegal. Regulatory capture operating at a global scale.

Hayek identified the fatal conceit in 1988: the belief that a committee of sufficiently credentialed people can allocate resources better than dispersed price signals. Davos proves him right annually, producing white papers while the people funding those flights, through taxes and inflation, get poorer.

October 4, 2026

QotD: Auditors and the taxation system

Filed under: Bureaucracy, Business, Government, Quotations, USA — Tags: , , — Nicholas @ 01:00

Is it plausible that a billionaire paid no taxes for a period of several years? Yep. Totally. See all that stuff I wrote above about the complicated tax code and how it is an accountant’s sacred duty to take advantage of all the stupid laws congress has passed to save their client’s money? Pretty much that. It has happened many times before, and it will happen many times again.

One thing that’s really unfair about our tax system is that it is rigged in favor of people who have more resources. Government meddling makes it more costly to conduct business. The more complicated the regulatory burden, the more smaller companies can’t compete. Make the laws complicated enough and the only companies that stay in business are the ones who can afford to pay for twenty guys like me. (my last regular accounting job paid extremely well, and nearly everything I did was jump through government mandated hoops, filling out government mandated paperwork which nobody in the government would probably ever read)

Trump has those resources. I bet he’s got a room full of accountants, and their leader is probably a grizzled old CPA with an eye patch and a raven who sits on his shoulder. The raven also has an eye patch and an accounting degree. This man has wrestled bears, and he’s going to take advantage of every tax break in the US Code for his client, and do so gleefully, knowing that many of those laws were signed by Barack Obama and Bill Clinton.

On the other side, you know damned good and well that the IRS has sent their most fearsome auditor against him. This man sold his soul to the devil, and then fined the devil for failing to list that soul as a depreciable asset. When he shows up to audit your company, he appears a flash of fire and brimstone, as a Finnish death metal band plays his theme song. He is an auditor bereft of mercy, compassion, or pity, and beneath his leathery wings serve a legion of IRS goblins, who will crawl into every nook and cranny of the Trump Corporation’s P&L looking for errors, and if a mouse so much as shits a turd large enough to unbalance that ledger, there will be hell to pay.

Is it unfair that rich guys can employ Gandalf level CPAs and take advantage of more complicated tax laws, while regular people use TurboTax? Yep. But in the meantime, as long as those tax laws are there, the rich guys would be utter fools not to take advantage of them.

Larry Correia, “No, You Idiots. That’s Not How Taxes Work – An Accountant’s Guide To Why You Are A Gullible Moron”, Monster Hunter Nation, 2020-09-28.

October 2, 2026

Generational incomprehension

Filed under: Bureaucracy, Business — Tags: , , , , , , — Nicholas @ 04:00

On Substack Notes, GenX Anecdotes expresses the frustration a lot of Gen X/Generation Jones folks have felt in their dealings with Millennial and Gen Z co-workers, supervisors, and managers:

Experience tells me that I need to add an eye-catching graphic to every non-video post, but finding appropriate images is sometimes difficult. I hope GenX Anecdotes won’t mind me using yet another meme instead of something more sober and appropriate to her point.

One of the things people tell you when you are young about getting old is how quickly it sneaks up on you.

What they don’t tell you, is that it’s not linear or obvious. It’s not like you have a specific moment where you think “OK. NOW I am middle aged”. It doesn’t work like that. You remain “you”.

You might change your outlook over time. You might get wiser (hopefully) and more content with who you are. You might have more serious responsibilities. More experiences and memories to draw upon. But you’re still YOU.

For me, I don’t really feel like I’m that much “older” going about my day-to-day business doing my thing. I actually still feel quite young in myself in many ways.

It’s how the world greets you that’s different. And that’s when little things will remind you. It gives you a kind of shocking “jolt”.

Being around younger people is what really brings it home. And I don’t mean kids or young teens. I mean young adults. Or even adults in their 30s who tell you they feel “old”.

I am in my mid 50s.

When someone in their late 20s or 30s tells me what year they were born it blows my mind.

When they were born in a year that I clearly remember, feels like last month to me, and when I was well into adulthood, that’s when it really hits home.

Also, it’s how younger people view you and act around you.

In my last job, most people were in their 20s and 30s.

I won’t lie. Some of them treated me like garbage. Like I didn’t exist.

I was a bit of a “cute” novelty to them. Like “aaawww bless her”.

I had the misfortune of being “trained” in one of my part-time jobs I had when my daughter was in junior school, by a 20 something. The job was a local convenient place holder during school hours.

What she was showing me was very “basic” and tedious. But if I questioned anything about it like “why can’t we just do this instead? Surely that would make more sense?”

She looked at me, not like someone who had 30 plus years experience working in different industries who might have a point. But someone “old” and passed it, who didn’t understand.

Like a silly backwards old woman who had no idea.

The amount of times I would say “Yeah. I DO get it. I am just wondering why it’s done this way? It seems a bit impractical?”

She looked at me blankly. Like I was asking her why water is wet …

I learned to just shut up and do the bloody tedious thing in the convoluted, dumb way. Because … because … that’s how it’s done.

Then I knew all those 20/30 year olds just saw me as an annoying old relic who “didn’t understand” how things worked.

I was there about a year before moving house.

I couldn’t wait to leave.

One of the HR women hauled me in at one point to give me an “appraisal”. There I was with a 20 something asking me if I was “happy at work” and going through other annoying questions on her ipad.

She obviously was irritated that I wasn’t taking the whole fake charade “seriously” enough. She wanted me to give her bullshit standard answers that she could tick a box to.

But I kept saying things that weren’t “tick box” worthy.

And that just signified further to her that “I didn’t understand” what was going on.

Oh I understood.

I just didn’t want to play along.

And just to emphasise how insane this whole scenario felt.

She still lived with her Mum and Dad and had soft toys on her desk.

That’s what getting “old” feels like.

September 23, 2026

Without massive contradictions, would Canada even have a federal government?

As John Carter notes, the current federal government is committed whole-heartedly to a wide range of initiatives and programs, many of which are directly in contradiction of other initiatives and programs that the goverment is also whole-heartedly committed to:

Setting aside the absurd spectacle of this sheer economic illiteracy spilling forth from the mouth of a man who is supposedly some kind of economic prodigy (please do not look at the state of the British economy btw), pause to savour the conspicuous irony of a government trying to revitalize the Canadian economy while crippling its access to energy (in the middle of a war-driven oil shock no less) in the name of hallucinated climate nonsense no one even believes in anymore.

This is the same government that wants to turn Canada into a research superpower while miring the universities in DEI.

It’s the same government that’s trying to rebuild the military for “warfighting” (it has another purpose?) while going full speed ahead on vaginal maximalism in uniform.

It’s the same government announcing itself as an AI superpower, without a single frontier lab within its borders, while its brains drain south in search of the money, opportunity, and regulatory freedom the government itself ensures that Canada cannot provide.

None of this is real. It’s all press releases and press conferences meant to create the illusion of forward motion towards the achievement of contradictory aims, when no such reconciliation is possible, and no actual movement is taking place.

QotD: The EU as a modern Habsburg Empire

Those in Britain who supported Brexit are often accused of nostalgia for a past in which the country was powerful, but I do not think this nostalgia, if it ever existed at all, was very widespread. One might well say that nostalgia, on the part of France, was and is a driving force in the European Union, since it is only by union with Germany than France can aspire to a semi-Napoleonic role in Europe.

The irony is, of course, that Germany is once again by far the strongest power on the continent. Its interests are complex and no doubt contradictory: it wants the rest of Europe to continue to import its goods, but it does not want to fund, or mutualise, the debts that allow it to do so. The southern countries would like to either to mutualise the debts, or inflate them away by debasing the currency, but Germany will allow neither of these solutions to the imbalances within Europe. There would be no better way to re-awake German nationalism than follow the prescriptions of the southern nations; on the other hand, resentment of Germany will grow if they are not followed.

The author acknowledges the problems within Europe in his last chapter, up till which he has treated Europe as if it were one big happy family with a population gaily marching in unison behind its leadership. The truth is quite otherwise, which is why an example must be made of Britain. But the likelihood is that the more integration there is, the greater will be the tensions, both between and within countries. There is a class within countries that benefits mightily from the present arrangements, which in my opinion explains the paradox of Catalan, Flemish, and Scottish nationalism: for all these nationalisms are firm adherents to the ideal of European Union, namely a dilution of national sovereignty even greater than that which their nations already possess. Again to put it crudely, the leadership of these movements want their place not in the sun, but at the trough. They are pied pipers to their populations.

The book ends by quoting that old Mephistophelian, François Mitterand, to the effect that “Nationalism means war”. And of course this is true if by nationalism is meant an exaggerated and militant love of one’s own country and a hatred of, or disdain for, all other countries, particularly neighbouring ones. Yet at the same time, nation states — at least some of them — have been the only large-scale states able durably to protect the freedom of their populations. Moreover, if nationalism means war, it does not follow that supranationalism means peace. The European Union may be a Yugoslavia in the making, without a Tito to hold it together. As José Manuel Barroso, once President of the European Commission, former Maoist student leader and then Goldman Sachs executive (the thirst for power being the golden thread that runs through this diverse career) put it, Europe — using the word to mean the European Union, which is now more or less standard — is an empire, though of a new kind.

Perhaps not so new, in fact: a kind of Habsburg Empire without the charm and aesthetic sensibility. From the right it is attacked as a socialist enterprise, from the left as a neo-liberal one: corporatist is the word for it, that happy union between regulatory bureaucracy and large corporations.

Theodore Dalrymple, “European Empire, Fractured”, Law & Liberty, 2020-11-10.

September 19, 2026

Internal migration patterns in the United States

Filed under: Bureaucracy, Business, Economics, Education, Politics, USA — Tags: , , , , , — Nicholas @ 03:00

It’s become a commonplace to see yet another tech company pulling up stakes and leaving California … and the state government seems determined to get rid of many of their biggest economic contributors with new legislation to make life harder for companies and wealthy individuals (see the second item, for instance). But it’s not just California losing population to other states:

Universities in the NCAA Southeastern Conference.
Map from Wikimedia Commons

Americans have long expressed their political preferences at the ballot box and their economic preferences with moving vans. Increasingly, they are expressing a third preference — where their children attend college — and the destination looks remarkably like the other two.

In 2025, North Carolina gained more than 84,000 residents from other states, more than any state in the union. Texas added over 67,000. California lost more than 229,000, and New York lost nearly 138,000, continuing a migration that has by now acquired the character of a rout rather than a trend. Yet few have noticed that the same states drawing families and factories are drawing something else: students, and with them, the institutions built to educate them.

For most of the 20th century, the hierarchy of American public higher education was as fixed as the Electoral College map of a one-party era. Berkeley, Michigan, Wisconsin — these were the names invoked when a public university wished to be mentioned in the same breath as Harvard. They remain formidable.

But formidable is no longer synonymous with singular.

Consider what the Southeastern Conference, or SEC — an organization whose reputation was built on forward passes rather than research grants — has quietly assembled. Texas A&M enrolls more than 79,000 students, a figure that would have seemed a typographical error a generation ago (see here and here). The University of Florida enrolls roughly 56,000 (see here, here, and here). Collectively, SEC institutions now educate more than half a million students, with total enrollment around 620,000 (see here and here), a statistic that ought to interest university presidents in blue states rather more than it apparently does.

This is not the result of some coordinated Southern strategy hatched in a statehouse. Universities are lagging indicators of demography, not leading ones. States that attract families acquire, in due course, college students. States that generate jobs retain their graduates rather than exporting them, as Rust Belt states have exported so much else.

States that welcome capital acquire, eventually, the tax base with which to build ambitious public institutions. Ambition, it turns out, is portable. The family that leaves Illinois for Tennessee brings its expectations for its children along with the furniture, and both eventually find a permanent address in Knoxville or some other city in the Volunteer State.

Affordability, too, plays its part, and Americans have noticed that a nationally respectable degree from a Southern flagship costs a fraction of what state flagships elsewhere demand for a comparable credential, at a moment when the public’s confidence in the value of a degree generally has become, to put it charitably, provisional.

One of California’s most impactful proposed pieces of legislation has been their “Billionaire tax”:

California’s proposed “billionaire’s tax” on the assets of wealthy state residents enjoys a slim lead in the polls leading up to the midterm elections, though so do two measures that, if they draw more votes, could render the scheme unenforceable. That makes for a high-stakes battle as many prosperous Californians are already fleeing to escape a tax that could force them to surrender ownership stakes in companies they’ve founded. Even if it doesn’t pass, a new report warns that the proposal is based on faulty research and could do vast economic damage.

[…]

The Wealth Tax Scheme Is Based on Unusual Accounting

Now, a new report finds the proposed wealth tax is not only dangerous for California’s economic prospects; it’s also based on bad research. According to the report’s author, Independent Institute research fellow Kristian Fors, “this proposal has been heavily influenced by the work of UC Berkeley professors Emmanuel Saez and Gabriel Zucman to justify the concept of wealth taxation”. Saez and Zucman have generated news headlines with their claims that the wealthy are undertaxed in comparison to lower-income Americans. But as Fors points out, the estimate that drew so much news coverage claimed that “the overall tax rate for the top 400 richest households in the nation was 23 percent”, while just a year earlier, Saez and Zucman “estimated that the top 1 percent paid an overall tax rate of approximately 36 percent; the authors found a share of 41 percent for the top 0.001 percent of earners in the most recent year of their survey, a category encompassing billionaires and high multimillionaires”.

The discrepancy, according to Fors, comes from how the economists treat corporate income taxes. Conventional analysis assumes that corporate taxes burden shareholders, workers, and consumers as the tax gets passed on. That results in the earlier estimate of a 41 percent tax rate for the wealthiest. To reach their much lower 23 percent estimated rate, Saez and Zucman used a non-standard analysis — and while the results of that approach won news coverage, they weren’t subject to peer review.

“Saez and Zucman’s empirical work on the California billionaire tax proposal retains these same unconventional accounting practices from 2019 without addressing their conflict with the mainstream corporate tax incidence literature,” cautions Fors.

The Independent Institute report observes that privacy laws prevented Saez and Zucman from drawing on personal income tax and other financial records. They relied on the Forbes 400 list, and “a 2010 study by a group of IRS statisticians found that the Forbes 400 dramatically overestimates the net worth of individuals in their lifetimes when compared to probate records of their estates after death”. Adjusting for that discrepancy produces estimates of “an average effective tax rate of 38 percent between 2018 and 2020, as compared to the 24 percent claimed by Saez and Zucman for this period”.

September 18, 2026

QotD: Higher education as a vast money laundering racket

Filed under: Bureaucracy, Education, Quotations, USA — Tags: , , — Nicholas @ 01:00

Have I mentioned my theory (which I regard as a certainty) that Higher Education is best understood as a massive money laundering operation? We all had a good chuckle, I’m sure, at that title [“fellowship at the International Centre for the Study of Radicalisation at King’s College in London”], just as we’ve had good chuckles at the ridiculous titles of all the Angry Studies programs infesting colleges nationwide. We’ve probably concluded — correctly — that these are just make-work for otherwise unemployable PhDs who check a few of the Diversity quota boxes.

But when you consider just how much money is involved, it’s a lot harder to laugh. Your average tenured prof makes north of $100 K, and for every one of them, there are at least two administrators, four outreach coordinators, and uncountable Special Assistants to the Assistant Provost’s Special Assistant for Diversity and Inclusion. Not to mention all the classroom space, office space, etc. that this requires (including paying the very real people who have to coordinate that stuff — no easy task — the custodial staff and so on). I’d bet that just one of these programs, all in, runs at least a million dollars per year when you throw in bennies and whatnot.

That’s a LOT of scratch, for one or two classes a semester that barely even make their enrollment numbers.

I dunno what nefarious purpose the Angry Studies programs serve (aside from the obvious, perpetual one of “burning down ambient civilization, just because”), but the “national security” ones I’m sure are basically just “diplomatic” cover for cloak and dagger shit. They used to use academic conferences like that back during the Cold War — who else but an officially credentialed diplomatic representative gets to travel around his enemies’ territory? In this case, of course, none of these people are actually going anywhere near war zones (with the exception of Mx. Kagan, of course, who decided to take command of American forces in the field). But academic “conferences” are good ways to make contacts and pass suitcases full of cash and other goodies around …

… I suspect.

Severian, “Klown Kollege”, Founding Questions, 2022-08-28.

September 14, 2026

QotD: “We have Homo Sovieticus in America”

Institutions tend to only find data they want to find, so the City of Los Angeles last counted street deaths among the homeless — in their description, “Deaths of Unhoused People” — from 2023. There were 900. Sample detail: “Black people were 31% of deaths. Black people are only 8% of the City’s general population, but are 33% of the City’s unhoused population.”

The last numbers from Los Angeles County as a whole were for 2024, when 2,208 homeless people died on the streets. County officials celebrated, because that number was a sharp reduction, and a reflection of the success of programs like overdose intervention teams stationed around public parks.

Remember those numbers, and let’s talk about something else for a moment before we come back to them.

The Soviet writer Aleksandr Zinoviev told a joke that speaks fluent Californian: “In some institution a routine meeting was in progress. There were two points on the agenda: 1) the construction of a barn; 2) the creation of an abundance of consumer goods under communism. As they didn’t have enough planks to build the barn, they moved on at once to the second question.”

Maybe that joke doesn’t land if you don’t live in Los Angeles or Seattle, but from here it’s flawless. Take a quick look at the campaign page for María Elena Durazo, a state senator who just won a seat on the Los Angeles County Board of Supervisors. Infrastructure and fire departments are in bad shape in the place where elected officials think that government exists to provide “economic justice” that restructures communities. When government exists to pay your rent, 911 response times soar.

They can’t fix a street, so they move on at once to managing all of society.

Here’s what Senator Durazo boasts about on her “Meet Maria” page: “Arrested over 13 times for leading non-violent Civil Rights and Worker Rights protests”. It’s the line that appears below “State Senator” on her list of accomplishments. Gentry socialists have high-status-marker arrest credentials, without the burden of low-status prosecution and jail terms.

Zinoviev gave us the term “Homo Sovieticus”, describing the human creature that shaped itself around the postures and predilections of Soviet culture. Humorless, a sanctimonious scold, a deeply selfish schemer while professing adoration for collectivism, comfortable reciting official slogans without feeling the need to believe them or examine them, reflexively conformist, not worried about truth. (X) has been advanced as party doctrine, so (X) is correct, and anyone suggesting (Not-X) is highly suspect. The official account is always correct.

We live among these people. We have Homo Sovieticus in America.

Chris Bray, “Homo Cosmopolitus Won’t Count the Costs”, Tell Me How This Ends, 2026-06-10.

September 2, 2026

Jeremy Clarkson is “the worst tax dodger in British history”

Filed under: Britain, Bureaucracy, Business, Food, Media, Politics — Tags: , , , — Nicholas @ 03:00

As I mentioned recently, I’ve been watching episodes of Clarkson’s Farm and thoroughly enjoying them. I’m doing the opposite of binge-ing them, limiting myself to one episode at a time, and not every night. I’m part-way through Season 3 at the moment. The unrelenting hostility of the local government is a thing to behold … it really does seem as if they think that their role is to prevent any sort of economic activity from taking place in their jurisdiction.

Sama Hoole outlines the steps Jeremy Clarkson has taken over the time since he purchased one thousand acres of farmland:

A timeline of one man’s cunning inheritance tax scheme.

2008: Buy a thousand acres in Oxfordshire. Tell The Times that dodging inheritance tax is the critical thing. Scheme live.

2009 to 2018: Do absolutely nothing. A villager farms it on contract. Flawless.

2019: The villager retires. Rather than hire another one, decide to farm a thousand acres yourself, having never grown anything.

Also 2019: Invite a film crew.

2020: Rain for nine weeks. Profit on a thousand acres: £144.

2021: Broadcast the £144 to the largest streaming platform on earth, thereby informing the entire planet that farmland makes nothing.

2021: Open a farm shop. Acquire a queue down a lane and the undivided attention of West Oxfordshire District Council.

2022: Restaurant refused. Enforcement notice. Six weeks to take a barn apart.

2023: Lose the appeal. Lose it again.

May 2024: Accidentally get English planning law rewritten. Lawyers name it Clarkson’s Clause.

August 2024: Open a pub selling only British food. Sell your own sausage at 74p against 18p imported, and eat the difference on every plate.

October 2024: The Chancellor caps agricultural property relief at a million. Scheme dead.

November 2024: Stand on a platform in Westminster in front of thirteen thousand farmers, drawing maximum national attention to the exact tax break you were supposedly hiding behind.

July 2025: Go down with TB. First calf ever born on the farm destroyed, pregnant with twins. Gate padlocked.

23 December 2025: Government retreats. The threshold goes from one million to two and a half. Five million for a couple.

March 2026: Farm declared clear.

July 2026: Drive four hundred miles to Scotland and buy more cows.

Eighteen years.

Planning law changed. Agricultural degree applications climbing. Cited in the Commons more times than most ministers manage. Half the estates that were going to be caught by the tax are no longer caught by it.

He was accused of buying a farm to dodge inheritance tax, and then spent eighteen months getting the relief raised for everybody else’s.

Worst tax dodger in British history.

Best thing to happen to British farming in fifty years.

August 31, 2026

QotD: India, “coasting on inertia”?

Filed under: Bureaucracy, Government, India, Quotations — Tags: , , , , , — Nicholas @ 01:00

There are lots of examples of “nations” that don’t have any real reason to exist as coherent political entities. All of Africa, for instance, but also India, and they’re a pretty good test case for how far coasting on inertia can take you. I didn’t get into any trouble when I was there – I’m the law-abiding sort, and besides, I was a guest in their country — but I knew that, should trouble find me, the first thing I was going to do was hand Officer Friendly-ji my passport … in which he would find two nice crisp Tubmans. And if that didn’t solve the problem, I’d invite him to come down to the ATM with me and figure it out from there.

Moreover, if I happened to witness a crime … well, that wasn’t going to happen. I’d make sure of it. Pro wrestling referees got nothing on me. But if somehow I did get roped into an investigation, I was going to flee to the nearest Western embassy and hole up like Julian Assange. As with the Tubmans-in-the-passport thing, this is not because I condone or encourage crime. I really hope they find the guy whodunit, and nail his balls to the wall … in the abstract. But in the concrete, my main concern is that Officer Friendly-ji will have much less paperwork, and far more business opportunities, by pinning it on the burra sahib, so sahib — that would be me — is making his pasty pale ass scarce.

This is not a blanket condemnation of the Indian police. Rather, it’s an acknowledgement of reality. India is a huge country of over a billion people, in which there are at least 30 major languages (= “spoken by over a million people”) and a thousand minor ones. There are at least six major religions, the adherents of which are always bickering with each other. Even granting that every single national official in India has the wisdom of Solon, how the hell are they supposed to pass laws that mean anything under those conditions?

The administration of “justice”, then, devolves to the lowest common denominator in the localities. About which I know nothing, which makes me a nice fat target, so … yeah. How many dolla dolla bills to make this go away, Inspector?

Severian, “Friday Mailbag”, Founding Questions, 2022-07-22.

August 26, 2026

Regulating away small company benefits in the EU

Cláudia Ascensão Nunes discusses yet another example of regulatory capture, as new European Union regulations will choke off business opportunities for small companies to the benefit of big companies and multinationals who can absorb the costs of the new environmental regulations:

Today, the European Commission estimates that the Single Market has increased the European Union’s GDP by 3–4% and created 3.6 million jobs since its creation. A study by Bertelsmann Stiftung estimated that integration increases European citizens’ incomes by an average of about €840 ($974) per person per year.

Yet the benefits created by this integration, and the freedom that made these benefits possible, began to come under threat on August 12, 2026, quietly and through an apparently harmless packaging regulation.

The Packaging and Packaging Waste Regulation (PPWR) will force sellers, both European and foreign, to comply with a complex set of rules that may be manageable for large brands but suffocating for small businesses.

The most problematic requirement is that sellers shipping packaged products to an EU country where they are not established must appoint a local authorized representative. That representative will act on behalf of the seller before that country’s recycling authorities. The representative must register the company in the national Extended Producer Responsibility, or EPR, system, file annual reports on the packaging the company places on that market, and charge a service fee of between €200 ($232) and €500 ($580).

The process of appointing a representative in one country is both bureaucratic and expensive. Doing so across several countries can become impractical for small sellers, who lack the scale to spread these fixed costs across a large volume of sales, especially since the PPWR does not provide a volume-based exemption.

Several businesses are already announcing the suspension of shipments to other EU countries or disabling shipping options to the EU altogether. The German company Copiaro, for example, suspended shipments to other EU member states while continuing to ship to European markets such as Switzerland, Norway, and the United Kingdom, which are outside the EU’s regulatory framework.

We are therefore returning to something resembling the old national markets, with barriers to entry.

The entire model of cross-border trade for small businesses risks being undermined in the name of environmental protection. Yet if larger companies, which produce far more packaging waste, are the ones best able to absorb these costs, we are facing a contradiction. Packaging regulations can shield large sellers from competition by smaller businesses, creating a more closed and concentrated market.

Europe may become greener by becoming poorer. European entrepreneurship is being strangled, and small business owners are paying the price.

August 21, 2026

This is something we genuinely need today

Filed under: Britain, Bureaucracy, Business, Government, Law, Media — Tags: , , , , — Nicholas @ 06:00

Plus, as Kate at Small Dead Animals often points out “Mischief is important“:

In one of the only three management books anyone should bother to read — and everyone should read the three — Robert Townsend says that a CEO should, while on the road, try phoning his own company. Try the helpline and see how far he gets. Try calling his own office. Sure, you should end up with the Executive Secretary who then directs it to the right person but sometimes that correct person is going to be you. Say, Warren Buffett calling to make you rich by buying the company and thus crystallising all your stock options and RSUs.

This is a lesson that has been forgotten. From a Guardian list of things government should pass laws to make happen:

    Force companies to put a phone number on their homepage

    You’ve got a problem with a company and you want to get it sorted – and then you realise you cannot find a number for it anywhere. There are communications companies that have no “contact us” link anywhere to be seen, and energy companies that send you all round the houses looking for a way to get in touch.

    One of the recurring themes of Guardian Money readers’ problems is the struggle to find someone to help when something goes wrong. Clearly, once you have published a phone number, you need staff at the other end answering the phone and offering some joined-up thinking, so this is only the start of the solution – but at least customers would not feel like companies were trying to hide from them.

This does not work as there is no guarantee that anyone will answer the call.

We’ve also that basic point that Burke and his Little Platoons can — and often do — solve problems better than government. So, here’s the pitch for that private sector service.

We set up a database of the home and work and mobile phone numbers — emails too — of the management of companies. Most importantly, the board of directors. If the company is owned by private equity — say — then the General Partners of the PE company.

Obviously, if a company has a helpline, which people answer, then all of that information stays private to us. If a company does not then we publish it as a page saying these are the contact numbers for that company. Say, Evri, the delivery people. The board members get their numbers and email publicly revealed. As I recall it they’re PE as well so some number of GPs over in the US also start getting aggrieved calls from Lesser Wallop about non-delivery. Not that any Septic would be able to understand Ms. Aggrieved of Lesser Wallop but it’s the instance of the call that matters. Evri is used as an example for a bit of looking around a few months back seemed to reveal that they had no UK phone number at all. Thus the directors it will be.

The top management of companies that do not provide a helpline — nor answer the one they claim to have — will have the customer complaints calls directed toward them. This will, of course, rapidly mean the opening of a useful customer complaint line that people actually answer. Those making that £250k a year as the board member of whatever do not want to be talking to Ms. Aggrieved of Lesser Wallop. Therefore phone calls from Ms. Aggrieved will lead to the creation of a useful customer services department.

At which point, of course, we take the board members’ phone numbers down and job done. But, clearly, we keep monitoring to ensure that those service times don’t then decline.

Make the bastards who make the decisions suffer the consequences of those decisions. Works this does, really, it works.

Now, there will be some who say that government can do that. Why use the Little Platoons when a law can simply be passed?

Which is to miss a basic philosophic point, which is that we should only use government when we, ourselves, cannot do it. Government is for when the Little Platoons cannot achieve it. Letters of Marque are lovely things but biffing the Frenchies is better done with a Royal Navy. Assuming we still had one of course. RNLI, on the other hand, works better without government than it would with.

But much more than that. For who are the worst at providing a contact number that works? Why, that would be government, wouldn’t it? Anyone ever tried to ‘phone HMRC? Quite.

August 15, 2026

Debunking common Supply Management beliefs

On his Substack, Dr. Sylvain Charlebois debunks ten myths about Canada’s supply management cartel that interfere with Canadians’ ability to engage with the idea of dismantling the government’s favourite oligopoly:

Suddenly, everyone — and their grandmother — seems to be an expert on supply management.

That newfound interest is healthy. Canadians are finally examining the benefits, costs and contradictions of a complicated system affecting roughly one-quarter of the country’s agricultural economy.

A generation ago, few economists openly criticized supply management. Those who did faced fierce attacks, while the dairy lobby deployed a nationwide marketing budget approaching $200 million annually. Remember the Doug Gilmour milk advertisements? Today, the “Milk” logo appears on Toronto Maple Leafs jerseys through a multimillion-dollar sponsorship.

For years, criticizing supply management was almost politically taboo. Social media has changed that. Consumers can now see milk being dumped, compare Canadian prices with those abroad and question why Ottawa repeatedly compensates a protected industry.

Dairy farmers are not the problem. They operate rationally within rules created by governments and administered by marketing boards. But those rules should not be immune from scrutiny.

Here are 10 myths Canadians should stop believing.

1. Dairy farmers are poor […]

2. Supply management is saving the family farm […]

3. Canadian dairy farmers receive no subsidies […]

4. Trade agreements make every dairy farmer lose money […]

5. Ending supply management would automatically lower prices […]

6. Farmers alone pay for dumped milk […]

7. Milk dumping is unavoidable […]

8. Canada has fully respected CUSMA […]

9. Supply management guarantees food security […]

10. Reform means abolishing the system overnight […]

August 5, 2026

Power corrupts, but unaccountable power attracts bureaucrats

Filed under: Bureaucracy, Europe, Government — Tags: , , — Nicholas @ 03:00

We used to joke around election time that no matter who you voted for, the government always got in. Gallows humour, because it’s quite literally true. Enough people can get angry about the government in power and vote out the politicians … but the politicians aren’t the one implementing the policies that get people upset. The permanent bureaucracy barely notices when the government changes because the government rarely manages to get anything done that the civil service doesn’t want to do. It’s actually worse in Europe, because the politicians are even more mere figureheads than they are in the Anglosphere:

Christine Lagarde and Ursula von der Leyen

Nobody grows up dreaming of a career shuffling directives around Brussels.

Those jobs always fill with the same type of person: people drawn to power for its own sake, the ones who crave authority without ever answering for it. Bureaucracy doesn’t attract the best. It selects for the worst, then shields them when they inevitably screw up.

Hayek named this in The Road to Serfdom. His chapter “Why the Worst Get on Top” spelled out the logic. Unchecked power appeals most to the people least troubled by wielding it.

Mises found the engine underneath. In a market, a bad decision shows up as a loss, and losses remove you. Bureaucratic management faces no such test. Fail to fix a problem and you keep your job, then collect a bigger budget and a larger staff to keep failing with. The incentive runs backwards: waste earns you more, and the machine grows on its own.

Look at the European Union. Ursula von der Leyen presides over the Commission, the body that proposes almost all EU law. No European voter ever put her there. Heads of state handed her the post in a 2019 backroom deal and waved her through parliament. Christine Lagarde runs the European Central Bank, setting monetary policy for more than 340 million people and steering the value of the money in their pockets. She faced no voters for the job either.

You can throw out your national government every few years, but nothing above it moves, the apparatus stays. The unelected keep their offices, their pensions, their power, untouched by the only check ordinary people have.

This is the design, not a flaw in it. The people with the most control over your money and your future are the ones you are not allowed to fire.

August 3, 2026

“Find your Honest Broker, and your problems will be solved”

Filed under: Australia, Bureaucracy, Business, China, Government — Tags: , , , , — Nicholas @ 05:00

On his Substack, Ted Gioia explains how he became the “Honest Broker”:

This particular project brought me to China. I was trying to set up an operation in a remote province, far outside my comfort zone, and couldn’t seem to figure out how to maneuver among the various interests and stakeholders. My patron was one of the wealthiest men in Hong Kong, and by using his contacts, I gained access to people who normally operate behind layers of intermediaries and gatekeepers. But even these contacts led me on an endless runaround. My sources gave me conflicting advice and confusing directions. Everything felt wrong and nothing seemed quite on the level.

I knew I needed help, but had run out of options. Then I met the drunk Australian.

He wasn’t a contact on my list, and I can’t even remember his name. This was a chance encounter in a hotel bar late at night. But this hard-drinking Australian was talkative and had interesting things to say. He had spent most of his life bouncing around the capitals of Asia, and was a high-level operator in his own spheres. He bragged about his insider’s knowledge, and claimed — with some accuracy, as I came to discover — that he knew how to maneuver in China better than the clueless Westerners who were now appearing on the scene. He had traced the secret paths to power and knew all the dangerous mistakes amateurs always make.

He reeled off a list of them. “You go into a province or city and flash around some money, then expect the local officials will help you? Forget it. They’ll rob you blind, and even make you bribe them for the privilege. Same goes for the party leaders. From each according to his ability, and all that, my friend. And forget about lawyers — the legal protections here are like this” — he held up his empty glass, then flipped it over as if to emphasize the nothingness of what he was offering to the gods of Marx and Mao. “As for the bankers, you might as well call them wankers.”

The empty glass was also a sign that I needed to order another round of the local brew, and I quickly complied. My new friend fell into a meditative silence until further libations arrived. Finally, after another sip on the stomach-destroying glass of baijiu that passed for spirits at our watering hole, I asked the obvious question.

“So what do I do? Who can I trust?”

“That’s easy, mate. You need to find the Honest Broker.”

This sounded appealing enough, but I had zero idea what my new acquaintance was talking about. He might just as well have told me to go to Oz and consult with the Wizard.

“Who, exactly, is this Honest Broker?”

“There’s at least one in every city. But don’t expect their business cards to say ‘Honest Broker’ — that’s just what I call them. But that’s exactly what they are. Sometimes they don’t even have an official position. But they are the key to everything.”

He proceeded to explain how Honest Brokers play a hidden but vital role in communities without a history of legal protections and stable institutions. Their influence and power is built solely on a reputation for straight talk and trustworthy dealings. “They are true brokers, intermediaries between others. They aren’t going to participate in your deal, no matter what it is. They are go-betweens, really. But do not underestimate the power of this kind of brokerage. Whatever you need — a loan, a building permit, political influence, a place to land a private jet, whatever — they will introduce you to the right people and steer you away from the sharks.

“And they do this for a very simple reason: their prestige is enhanced by making these connections. In many cases, they don’t even want to be paid. Or let me put that differently — you repay them by becoming a trusted contact for them in future dealings. The Honest Broker may help you for free right now, but don’t be surprised if you’re asked for assistance on something completely different months or even years later. You Yanks have a hard time grasping it, and are always looking for shortcuts. But the Honest Broker plays the long-term game, mate.

“Find your Honest Broker, and your problems will be solved.”

This proved to be valuable advice, worth far more than the cost of drinks. Over the next few weeks, I changed my approach completely. I made inquiries, compared notes, and finally found my Honest Broker — who did solve my problems, just as promised. My mission accomplished, I returned back home to California and tried to forget all about it.

I put my passport out of sight. My world shrank back to manageable dimensions, and my days were spent at the two keyboards, the piano and the word processor. I was getting back into my music groove again.

A long time went by before I realized the real importance of what I had learned in China, and how it applied to the other half of my split and fractured life. I was putting energy into a new sphere now, music criticism, and trying to create a rule book for how to make it sizzle.

Yet criticism seemed such a degraded form of writing at that juncture. I had already seen the collapse in literary criticism — in fact, I had lived through it as a student at Stanford and Oxford. The whole enterprise had turned into a circus sideshow over the course of just a few years. Critics now aspired to quasi-celebrity status, and they exploited their roles as arbiters of taste to engage in the worst sort of strutting and preening. The more outlandishly they sold out their craft, opting instead for self-aggrandizement, the larger the rewards they received. This blight took root first in France but quickly spread elsewhere. And now the taint seemed to be seeping into other forms of criticism as well. Whether the subject at hand was a movie or a meal or a TV wrestling match, the critics were the real stars, and everything else subservient to their self-serving deconstruction of anything in their path.

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