Quotulatiousness

December 7, 2024

Rediscovering the legacy of “Silent Cal”

Filed under: Economics, Government, History, USA — Tags: , , , — Nicholas @ 04:00

Jacob M. Farley recently discovered the history of Calvin Coolidge’s presidency and the economic policies he pursued to such good effect in the 1920s (although Herbert Hoover’s energetic turn as Commerce Secretary for Harding and Coolidge strongly indicated that the benign laissez faire approach would be changed once Coolidge left the Oval Office):

Calvin Coolidge, Governor of Massachusetts, 1919.
Photo by Notman Studio, Boston, restored by Adam Cuerden via Wikimedia Commons.

In the pantheon of American presidents, Calvin Coolidge, or “Silent Cal”, often plays the role of the overlooked extra in the corner of history’s grand narrative. I can attest to this, as my first real exposure to him occurred recently during a visit to a museum whilst travelling in the US. Having spent some time since then reading up on everything Cal-related, I’ve become increasingly convinced that there’s a compelling case to be made that Coolidge’s approach to governance, particularly his economic policies, should be dusted off and revisited, not just for historical curiosity but as a lodestar for free marketeers far and wide.

Before I go any further, let’s set the scene of Coolidge’s era. The 1920s is often remembered for jazz, flappers, and the stock market’s dizzying heights. But beneath the cultural tumult, Coolidge was busy orchestrating what can quite fairly be called a symphony of minimalistic governance. His philosophy was profoundly simple: government should do less, not more.

Whilst this may seem extraordinarily mundane to you, consider that this wasn’t simply cheap talk on the campaign trail designed to get a nod of approval from over-50s. His ideas weren’t born out of laziness or disinterest but from a profound belief in the efficacy of the market’s invisible hand over the visible, often clumsy, hand of government intervention.

Coolidge’s administration slashed taxes like a bootlegger cuts whiskey – to make the good times flow more freely, notably through the Revenue Acts of 1924 and 1926. This wasn’t just about giving the rich a break; it was about stimulating economic activity by leaving more money in the pockets of Americans. By leaving more money in the pockets of Americans, he was essentially saying, “Here’s your allowance, now go make some noise at the stock market”.

The result? A crescendo of consumer spending, industrial growth, and a stock market that seemed to reach for the stars.

Coolidge believed in setting the rules of the game and then letting the players play. This isn’t to say there was no regulation, but rather, it was about not over-regulating, about allowing businesses to innovate, expand, and yes, even fail, without the government always having its finger on the scale. Imagine if the conductor only pointed out the tempo and let the musicians interpret it – that was Coolidge’s regulatory approach.

Under Coolidge, the U.S. economy boomed. Unemployment dipped to levels we can only dream of today, and real GDP growth was robust. If the economy were a piece of music, it was hitting all the right notes. But here’s where the narrative often shifts to a sombre tone – the Great Depression. While Coolidge left office before the market crashed, the seeds of economic disaster were arguably sown in the very success of the 1920s, exacerbated by policies that followed his term, particularly those of the Federal Reserve.

This is where the story of Coolidge’s economic policy gets nuanced. The Federal Reserve, relatively new on the scene, played its own tune by the late 1920s. Its policies, intended to stabilise the economy, are often critiqued for contributing to the eventual bust. Coolidge’s hands-off approach might have been a wise nod to market self-correction, but the Fed’s actions, flooding the number of dollars in circulation to stimulate the market’s trajectory in a way they deemed desirable, led to an artificially manufactured drunkenness, leading to a nasty hangover – The Great Depression.

After Coolidge, the economy didn’t just crash; it was like the Charleston dancer tripped over its own feet.

There had been a brief, nasty recession following the end of the First World War, but Harding and Coolidge responded not by muscular government action but by letting the market sort things out. Hoover, as Coolidge’s successor, was not cut from that cloth. Hoover was a believer in the progressive big-government approach to just about everything and his attempts to respond after the 1929 crash absolutely made things much, much worse. Later historians have chosen to forget Hoover’s actual policies and pretend that he followed Coolidge’s lead (most historians over the next couple of generations were pro-Roosevelt, so portraying Hoover as a conservative non-interventionist allowed them to contrast that with Roosevelt’s even more centralizing, interventionist policies).

December 3, 2024

“Granting more sovereign rights to others surprisingly means that these groups will pursue their own interests. Who could have seen this coming?”

Filed under: Cancon, China, Economics, Government, History, Politics — Tags: , , , , , , , — Nicholas @ 05:00

In his weekend round-up, Niccolo Soldo pokes a bit of fun at Justin Trudeau’s federal government for apparently being surprised that First Nations are looking to deal directly with China for their natural resources, rather than through the feds:

Canada continues to be unintentionally hilarious, all thanks to Prime Minister Justin Trudeau and his government.

The Great White North was forever a boring place politically, but the arrival of Trudeau Jr. on the scene shook things up. One of the first things that he and his government committed themselves to was to work to improve the country’s relations with its Native tribes, both politically and especially economically. The Trudeau government invented a genocide narrative based around residential schools.1 Canada too wanted a dark aspect to its own history, so that it could share in the self-flagellation that has coloured the recent history of its neighbour to its immediate south.

Maybe the intention here was to show these Native communities that Canada really, really did care and that by doing this, everything bad that had happened would be forgiven and forgotten? I dunno … what I do know is that Native bands are now seeking to directly do business with China, whereby they would sell natural resources under their control to Beijing:

    Canada’s indigenous communities are seeking deals with China that could give Beijing access to the country’s natural resources, despite warnings from Canadian security services over doing business with Xi Jinping’s government.

    This week the Canada China Business Council indigenous trade mission is in Beijing to discuss potential energy and other business deals in a trip that could put Canada’s national “reconciliation” with its First Nation communities at odds with its national security priorities.

    Karen Ogen, the trade mission’s co-chair and chief executive of the First Nations Liquefied Natural Gas Alliance, said her goal on the trip, which starts on Wednesday, was to sell LNG for the benefit of the Wet’suwet’en communities in Canada’s western province of British Columbia.

    “We’ve been oppressed and repressed by our own government,” she said. “I know the history with China is not good but we have an understanding of what we need and what they need.”

Canada purposely degraded its own national sovereignty in parts of its own country in the name of “reconciliation”. Granting more sovereign rights to others surprisingly means that these groups will pursue their own interests. Who could have seen this coming?

Clever Chinese:

    China has spotted an opportunity in the sometimes fraught relations between Canada’s national and provincial governments and indigenous groups.

    In 2021, shortly after Canada imposed sanctions on Beijing over the treatment of its Uyghur population, Chinese officials began to object to the “systemic violations of Indigenous people’s rights by the US, Canada and Australia” at the UN’s Human Rights Council.

    “The PRC tries to undermine trust between Indigenous communities and Canada’s government by advancing a narrative that the PRC understands and empathises with the struggles of Indigenous communities stemming from colonialism and racism,” said a spokesperson for Canada’s security intelligence service.

    A 2023 CSIS report accused China’s government of employing “grey zone, deceptive and clandestine means” to influence Canadian policymaking, including Indigenous communities.

    “China knows how sensitive Indigenous reconciliation is to the Trudeau government,” said Phil Gurski, a former CSIS intelligence analyst.

A lot of these First Nations (Native bands) reside in the west of the country. Coincidentally, Canada’s third-largest city, Vancouver (located in Canada’s west), is roughly one-third Chinese in composition.

First Nations will continue to pursue these deals with the Chinese:

    But CSIS remains concerned over Beijing’s possible access to resource-rich areas or geopolitically important waterways and regions such as the Arctic through First Nations groups.

    “It not only undermines the government but is a way to potentially embarrass them on Canada’s past,” said Gurski.

    But Matt Vickers, from Sechelt Nations land in Canada’s western province of British Columbia, who first visited China in the 1990s and is part of the CCBC delegation heading to Beijing this week, rejected the concerns of the security services.

    “China now understands that for any major project to receive approval in Canada, you need First Nation consent, and not only consent but the First Nations require a majority equity play in those projects,” he said.

    The CCBC is a bipartisan organisation consisting of Canada’s biggest companies, including Power Corp, which is the main sponsor of the Indigenous event.

    This week’s trip marks the third time a group of Indigenous officials has travelled with the council to China in an effort to identify export markets, sources of capital and potential tourism projects.

    “These missions have been developed in the spirit of reconciliation and collaboration, to help delegates better understand how China’s economy and economic development influences its desire for imports and investment opportunities,” said Sarah Kutulakos, executive director of the CCBC.

It gets even funnier:

    Deteriorating relations between Ottawa and Beijing meant this year’s CCBC meeting would likely be “sombre”, said former Canadian ambassador to China Guy Saint-Jacques.

    First Nations leaders should have “very limited expectations” from the trip. “I don’t expect big business coming out of it,” he said.

    But Ogen, of the First Nations LNG Alliance, said she would put the controversy surrounding the trip to Beijing aside. “I … look at the global energy sector, China’s need for our gas, and how I can make the best deal for my people,” she said.

Trudeau scored an own-goal.

    1. From wiki (because I am lazy): “The Canadian Indian residential school system was a network of boarding schools for Indigenous peoples. The network was funded by the Canadian government’s Department of Indian Affairs and administered by various Christian churches. The school system was created to isolate Indigenous children from the influence of their own culture and religion in order to assimilate them into the dominant Euro-Canadian culture.”

QotD: Old fashioned communists

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

In my youth, I shared a house with some communists of the very old-fashioned variety. They believed in industrial production because it inevitably resulted in that finest flower of humanity, the factory worker, who would, ex officio, be a foot soldier of the Revolution. No Leonardo da Vinci or Mozart for them! They believed, rather, in the Soviet Union’s ever-rising production, or at any rate graphs of ever-rising production, of something called pig iron, which at some point would overtake that of the United States and Western Europe combined, to the enormous benefit, of course, of the indigenous people of the Siberian tundra. They couldn’t see a landscape without wanting to garnish it with a factory chimney belching smoke, the blacker the better, as a symbol of what they called Man’s triumph over Nature (early communist propaganda and iconography were full of chimneys belching black smoke). They thought of Nature as an enemy, as a malign obstacle to be wrestled with and overcome, or as an evil conscious force obstructing Mankind’s progress to a glorious and infinitely abundant future. The extinction of animal species was welcome to them, not only if they, the extinct species, were in some way noxious to Man or deleterious to his advance, such as flies and snakes, but as symbolizing his increasing mastery over the surface of the Earth. Knowledge is power, and power is what they cared about.

Theodore Dalrymple, “A Matter of Respect”, Taki’s Magazine, 2019-12-31.

December 1, 2024

“Fellow Canadians, forget your dire financial plight … it’s only a ‘vibecession'”

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

Tristin Hopper imagines what Chrystia Freeland might be confiding to her diary after she blithely assured struggling Canadians that no, really, everything’s just fine and dandy and you’re being deceived by “bad vibes”:


Screencap from a CPAC video of Chrystia Freeland speaking.

Monday

As a former journalist, I am fully aware of the awesome power of the press to distort and pervert reality. Here we all are in 2024 Canada. There is food. There is shelter. There is breathable air. The vast majority of us will go through the rest of the fiscal year without being stabbed on public transit.

And yet, to hear the misinformation and disinformation trafficked by the media, you would think we live in some kind of violent, economically depressed hellscape.

Well, this kind of mendacity has consequences: A nationwide hysteria of bad feelings and negative energy. A fanatical devotion to bad vibes in the face of all evidence to the contrary. I don’t purport to know how to cure such irrational malaise, but I will be very surprised if $250 each and some tax-free liquor and Christmas shopping doesn’t do it.

Tuesday

Donald Trump’s threat of 25 per cent tariffs is easily the most serious challenge I have faced as Canadian finance minister. The United States is our largest trading partner, and the suspension of free trade across our shared border would invite economic ruin the likes of which we’ve never seen.

Worse, Trump is immune to our usual strategies. We suggested sending his tariff threat to committee, or having it reviewed by a Crown inquiry, but neither offer was accepted. Rather, they want us to stem the tide of illegal migrants using Canada as a base to enter the United States. They are under the impression — let’s call it “bad vibes” — that this is a problem.

But let nobody say that the integrity of our trade flows are not my department’s top priority. As such, we are immediately introducing a one-time bursary of between $150 and $240 paid to any resident of Canada who can prove they have not attempted illegal entry of the United States within the past 12 months.

November 30, 2024

QotD: Unrealized promises of a “Great Society”

Filed under: Economics, Government, History, Quotations, USA — Tags: , , , , , , , — Nicholas @ 01:00

Black unemployment, which had been the same as that of whites in the 1950s, from the early 1960s rose above white unemployment. The gap between black and white unemployment widened. Welfare programs funded by presidents Johnson and Nixon expanded rolls to an appalling extent — appalling because welfare fostered a new sense of hopelessness and disenfranchisement among those who received it. “Boy, were we wrong about a guaranteed income!” wrote that most honest of policy makers, Daniel Patrick Moynihan in 1978, looking back on a pilot program that had prolonged unemployment rather than met its goal, curtailing joblessness. The “worker versus employer” culture promoted by the unions and tolerated by the automakers suppressed creativity on the plant floor and in executive officers. Detroit built shoddy autos — the whistleblower Ralph Nader was correct when he charged that American cars were not safe. Detroit failed to come up with an automobile to compete with those made by other foreign automakers. Whereas in the 1930s American automakers’ productivity amounted to triple that of their German competitors, by the late 1960s and 1970s, German and Japanese automakers were catching up to it or pulling ahead. In the end the worker benefits that union leaders in their social democratic aspirations extracted from companies rendered the same companies so uncompetitive that employers in our industrial centers lost not merely benefits but jobs themselves. Vibrant centers of industry became “the rust belt”, something to abandon. […] What the 1960s experiment and its 1970s results suggest is that social democratic compromise comes close enough to socialism to cause economic tragedy.

Amity Shlaes, Great Society: A New History, 2020.

November 28, 2024

How is Argentina doing after a year under Javier Milei?

Filed under: Americas, Bureaucracy, Economics, Government, Liberty — Tags: , , , , — Nicholas @ 04:00

I don’t normally follow South American news all that closely, as despite being in the same hemisphere, little that happens there has much importance to us here in Canada or the United States. The election of Argentinian President Javier Milei, however, has made Argentina a much more interesting place to watch as Milei valiantly attempts to turn the economy around from its near-century-long decline. Here, Dan Mitchell provides his assessment of Milei’s efforts so far:

… let’s focus today on Milei’s goal of maximizing economic liberty.

The bad news is that if he wants Argentina to become the new Hong Kong, Milei has a long journey. According to Economic Freedom of the World, Argentina ranked a lowly #159 out of 165 nations in 2022.

As you can see from the EFW rankings, Milei’s country gets especially bad scores for Sound Money, Trade and Regulation (dead last for Sound Money and in the bottom-10 percent of the world for the other two categories!).

The good news is that you don’t have to be libertarian Nirvana (or even Liberland) to make a big jump in the rankings.

You don’t even need to be Hong Kong (which used to be very good with scores above 9 but has now declined to 8.58 thanks to Beijing’s intervention).

Heck, almost every country in the western world has experienced a significant decline in economic liberty this century.

Milei actually could put Argentina in first place today merely by achieving the same level of economic liberty (8.67) that the United States had in 2004.

For what it’s worth, I think it would take several years of good reforms to climb that high.

That being said, dramatic improvements are nonetheless possible in a very short period. Here’s my back-of-the-envelope estimate of where Argentina could be by the end of next year.

November 26, 2024

QotD: Hesiod’s five ages of man

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

The only text I vividly remember from my university semester in Classics is a poem by Hesiod entitled Works and Days. I read Homer, of course, and Virgil, and Ovid, and the three tragedians, but their texts have long become a blur of strange names, strange desires, inventive use of parataxis and the word “destiny”. But I remember Hesiod. Memory is a peculiar thing.

Hesiod is the seventh century BC management book writer. He didn’t write about digital strategy, but his poems drone on in the earnest monotone of an old-school sociology lecturer who — after years of correcting student papers — decides to try his hand at fine letters. Hesiod is ace at conveying fact, but not at re-inventing it. This makes him a fine chronicler, but not a poet. I cannot imagine anyone reading Works and Days today for anything other than anthropological curiosity.

I don’t remember all eight hundred lines of Works and Days — just five stanzas: one for each of the Five Ages of Men. First came the Golden Age, in which the land was bounteous, the forests were rich with game, and men were decent, happy, and favoured by the gods. But this state of bliss didn’t last. Cracks began to appear during the next generation with the emergence of the Silver Race — small crooks and delinquents who “could not keep from sinning and from wrongdoing one another”. Zeus didn’t like them and eventually killed them off. The third generation, the Bronze Race, managed to be an even greater disgrace, a bunch of hoodlums of great physical strength with “unconquerable arms which grew from their shoulders on their strong limbs.” (I find this image rather powerful. It reminds me of my gym on a Friday night.) Things looked up momentarily during the subsequent Heroic Age, as Zeus created a “god-like race of hero-men called demi-gods”. But everything went definitively, irrevocably tits-up in the fifth and final age: the Iron Age. Land became barren, crops wilted, stock died of disease; men were poor, men were bitter, son betrayed father, neighbour killed neighbour, chaos and treachery ruled.

As a story of decline and fall, it’s a nice one (although I’ve seen better). In terms of literary merit, it’s nowhere near Homer. So why am I harping on Hesiod? (Now do pay attention, as here comes the point of this essay.) The key variable between the time when men were happy and the time when they were not, according to Hesiod, is work. “In the Golden Age,” he writes, men “lived like gods … remote and free from … hard toil …” But in the Iron Age, “men never rest from labour …” Writing about the Iron Age — the age of hard work and misery — Hesiod wrote about his own time, but he also wrote about our time. We live in the Iron Age. It is a sad age. It is the age when people have to work. And work kills the spirit.

Elena Shalneva “Work — the Tragedy of Our Age”, Quillette, 2020-01-29.

November 25, 2024

Looking toward the first order effects of 47

Filed under: Economics, Europe, Germany, Government, Media, Politics, Russia, USA — Tags: , , , , , , — Nicholas @ 03:00

At Postcards From Barsoom, John Carter is delighted that his pessimistic election forecast turned out to be wrong and considers what the incoming Trump administration will be doing in the short-term:

There are obvious parallels between the 2024 election, the 2016 election, and the Brexit vote, all of which are a bit awkward for elite theory maximalists. Their position, taken to its extreme, seems to be that only the elite can actually do things, that all political phenomena are ultimately a consequence of elite machinations. Which makes elite theory in many ways the highbrow version of conspiracy theory, the main difference being that they talk about the Cathedral’s systems of power instead of the Illuminati, the Freemasons, and smoky backrooms. And yet, the elite clearly don’t always get their way. In the case of Brexit, the elite were absolutely unanimous in their support for Remain … and the elite lost. Similarly in the case of the 2016 US election. Elite preferences carry an enormous amount of weight; it’s generally much better for a cause to have elite support than suffer elite opposition. But elites are not actually decisive. They can be beaten.

It’s obviously much too early to judge the 47th US presidency, which hasn’t started yet. Cynics expect a repeat of 2016: just as Trump’s promises to drain the swamp and build the wall came to, if not nothing, then very little, so will his promises to deport them all, replace the income tax with tariffs, reign in the universities by going after their accreditation and endowments, drain the swamp for real this time, and so on prove to be so much hot air. So far all we know are Trump’s cabinet picks and other appointments, which suggest that this cynicism might be premature. […]

The new Trump admin shows every sign of gearing up for a Dark MAGA rampage through the Beltway.

If you’re curious about where Dark MAGA came from, why yes it was memed into reality. Aristophanes
tells the wild saga: from in-joke to shitcoin to the hat on Elon Musk’s head.

They aren’t going to just drain the swamp. They’re going to drain it, dry it, soak it in gasoline, and set it on fire. They are going to purge the US government of the useless, the incompetent, the subversive, and the criminal. At least, that seems to be the intention … and given the way the rats are scrambling to escape the ship before it sinks, the regime’s minions, at least, seem to think that plan has a good chance of succeeding. […]

Of course, a lot could happen between now and January. The Democrats might find some convoluted legal pathway to deprive The Insurrectionist of the Oval Office, as Tree of Woe suggested, which of course would initiate a constitutional crisis and probably a civil war. They could assassinate him, which would also probably start a civil war, and which is probably why Trump has been holed up in Mar-a-Lago since the election. Either of these outcomes would probably place JD Vance in the presidency, which is probably much worse for the regime than Trump: Vance is marine corps combat vet who reads Curtis Yarvin and is fluent enough in meme that he probably has a frog alt on Twitter.

[…]

News that suicides spiked after the election is apparently fake, though crisis call centres catering to the Pronoun Jugend did experience a massive increase, and one guy apparently unalived his entire family. They’re still in a state of shock: shaving their heads, vowing to start a sex strike, fleeing to Canada (I do not recommend).

The left are religious fanatics, and religious fanatics don’t give up just because it looks hopeless. It’s also worth recalling that the last time Trump won, the riots didn’t start until inauguration. There’s plenty of time yet, and there are a lot of very wealthy and very influential people who probably feel they have nothing to lose as their precious oxen are in danger of being lethally gored by Dark MAGA on the Washington Mall as a sacrifice to America’s Founding gods, after which they themselves will be hanged from Wotan’s Tree of Liberty. Note that it doesn’t matter if Trump will really follow through with all of this; what matters is if the other side thinks that he will. Ruling out a dramatic escalation in civil violence in the US is almost certainly hasty.

[…]

Another play the regime could make is to just start World War III before Trump takes office, either in order to justify a military coup d’etat, or just to dump a catastrophe in Trump’s lap so that he’ll be too busy dealing with that to drain the swamp. They definitely seem to be ramping things up in Ukraine, with the new strategy of long-distance missile strikes deep into Russian territory. The idea is probably to provoke the bear so badly that it starts mauling NATO countries directly, rather than just chewing through their exhausted national arsenals in the mud of the Donbass. That might work; then again, Putin knows full well that all he has to do is wait a couple months and he’ll be dealing with Trump directly, and Trump is on record as wanting to wind down hostilities as a top priority as soon as he’s in office. Vlad may be a bad man, but he is a very patient bad man.

Assuming that the regime is unsuccessful in baiting Russia into a direct attack on Europe, Trump’s victory probably has very big, tumultuous, and positive implications for European politics. Positive, at least, for anyone who doesn’t hate Europe … and therefore very bad implications for the people currently running the civilizational centre of the human species into the dirt.

The Germans, at least, seem to think so.

Chancellor Scholz’ unstable “traffic light” coalition disintegrated almost immediately after Trump was elected, sending Germany into its own election … in which the AfD is poised to do very well for itself, much to the consternation of Germany’s political class. eugyppius has been doing invaluable work covering Germany’s politics for the anglosphere audience; he provides an excellent overview of the reasons for the coalition’s collapse in this recent interview on the J Burden show.

November 14, 2024

QotD: The tragedy of the commons in North London

Filed under: Britain, Economics, Quotations — Tags: , — Nicholas @ 01:00

Despite this being North London we’re not talking about common people here and the tragedy of their entering the precincts of the progressives. Rather, the tragedy of common resources.

One fact about those bathing ponds on the Heath:

    Honesty boxes for bathers to pay to swim were introduced in 2005. There were plans for a compulsory charge in 2012, but they came to nothing.

We have open access to a resource, Marxian access. We also have one other fact:

    It was once a well-kept secret. Now the bathing ponds on Hampstead Heath are among the most crowded parts of London on a hot summer’s day.

We have – by one measure at least – excessive use of that resource, use that needs to be limited in some manner.

This is a problem that has been noted before, it’s called the Tragedy of the Commons. As Garrett Hardin points out there are only two ways of restricting such access, capitalist – charge for it – or socialist – regulate.

The third option, Elinor Ostrom’s, does not work with this number of people. That communal agreement tops out at about 3,000 peeps, not 10 million.

Which of the two solutions works depends upon the specific circumstance and isn’t the point to be made here. Rather, the lesson to learn is that Marxian access just doesn’t work when demand is at or above capacity. A useful thing to think about when contemplating other areas of the economy.

Tim Worstall, “Hampstead Heath Ponds And The Tragedy Of The Commons”, Continental Telegraph, 2020-01-19.

November 12, 2024

Canada in the news … for all the wrong reasons

Filed under: Cancon, Economics, Law, Liberty, Media, Politics — Tags: , , , , , , — Nicholas @ 03:00

In the National Post, Tristin Hopper explains why your non-Canadian friends may be finding their opinions on the dysfunctional Dominion getting more and more sour in recent years:

… within just the last few years, multiple foreign outlets have profiled Canada for the singular purpose of asking what happened to it, and worrying if Canada’s ills will soon be their own. What’s more, these articles are not limited to a single topic; so much is going sideways in Canada right now that everything from our assisted-suicide regime to our economy to our internet legislation is attracting overseas notice like never before.

Below, a cursory guide to some of them. If you’re noticing that your non-Canadian friends suddenly have a darker picture of your home country than they used to, here’s a clue as to why.

“Justin Trudeau is killing Canada’s liberal dream”

Ever since the 2019 federal election, The Economist‘s coverage of Prime Minister Justin Trudeau has usually followed a general theme of noting that the bloom is off the rose of his photogenic ascendancy to power in 2015. But in a trio of articles published last month, the publication laid into the Canadian leader as an icon of what not to do.

Justin Trudeau is killing Canada’s liberal dream, published on Oct. 14. Canada’s Trudeau trap, published on Oct. 17. And then, just for good measure, Justin Trudeau is paying for solar panels in the cold, dark Arctic.

[…]

“Canada Is Disintegrating”

The Telegraph in the U.K. ran an entire series of essays last week on the topic of Canada taking it to the limit on progressive laws covering everything from drugs to national identity.

[…]

“Canada’s Extremist Attack on Free Speech”

The June tabling of the Online Harms Act prompted a wave of foreign coverage unlike few pieces of Canadian legislation. Although virtually every non-U.S. country has legislated controls on extreme speech, the Online Harms Act went noticeably farther than its peer countries in two respects: It prescribes a life sentence for the speech crime of “advocating or promoting genocide”, and it authorizes pre-emptive custody for anyone suspected of committing hate speech in future.

November 10, 2024

WW2 in Numbers

Filed under: Britain, China, Economics, Germany, History, Japan, Military, Russia, USA, Weapons, WW2 — Tags: , , , , , , , , — Nicholas @ 04:00

World War Two
Published 9 Nov 2024

World War II wasn’t just the deadliest conflict in history — it was a war of unprecedented scale. From staggering casualty numbers to military production and economic costs, this episode breaks down the biggest statistics that defined the global conflict.
(more…)

November 8, 2024

An alternative path to meeting Canada’s 2% of GDP defence-spending aspirations

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

I’m not convinced that Brian Graff is correct here, but it’s certainly a bit of unusually out-of-the-box thinking on Canada’s defence shortcomings:

Canada has sent a few tanks over to Ukraine, as well as other supplies and financial aid. We will have to replenish these things, and this might be an opportunity to expand Canada’s capacity to make and export military arms and equipment. Maybe our defense policy and spending has been wrongheaded. Since we have so few troops, are unlikely to need to defend our own soil, and are far from any country likely to be in conflict, we may be able to meet our 2% target with some innovative thinking.

Since the Second World War, the US has described itself as the “arsenal of democracy”, a phrase which Franklin Roosevelt used in 1940 when the US was supporting Britain (and Canada) by sending arms, most notably through the “Lend Lease” program that sent ships and equipment to Britain, technically on loan.

Maybe a bigger part of Canada’s own defence policy should be to make and stockpile arms, equipment, and supplies to send to our allies or friends in times of need. Such equipment need not be “state of the art” like F-35 fighter jets. Canada could also expand production of parts for equipment assembled in other NATO countries – particularly for spare parts we need for ourselves.

We need not limit this to new equipment. Canada could also promote companies that refurbish older equipment to be stockpiled or resold. And of course, Canada could determine which countries benefit from our stockpiles of military equipment. We could ensure that this equipment is not acquired by countries with regimes we oppose, and we would have the leeway to give or sell only to the “right” side of a conflict, possibly with strings attached.

Take our Leopard 2 tanks that were built in Germany. We have given some to Ukraine. We have unfortunately scrapped even older Leopard 1 tanks, that could have been refurbished or modified to serve as platforms for other uses. Canada should probably give the rest of our tanks to Ukraine, then get into the business of buying older Abrams tanks from the US to refurbish as replacements or for re-export.

Israel is a good example of a nation that builds up its military capacity with secondhand tanks and other equipment, and is now a major exporter of military equipment that it developed at least in part for its own defence.

The trend in US equipment has been to build state of the art equipment, and buy smaller quantities of it. But the conflict in Ukraine has shown that even when fighting a country with advanced military technology like Russia, using some older equipment combined with innovative new designs has been successful for both sides. Along with the introduction of drones, the Russians have modified older bombs to become guided bombs that are accurate and far cheaper than building new missiles.

November 6, 2024

Running out of minerals means we’re all going to dieeeeeeeeee!!

Filed under: Economics, Environment, Media, Technology — Tags: , , — Nicholas @ 03:00

Tim Worstall responds to another pants-wetting panic attack that we’re running out of atoms and that means we’re all going to die unless we do this thing I wanted you to do anyway:

“Artisanal cobalt miners in the Democratic Republic of Congo” by The International Institute for Environment and Development is licensed under CC BY 2.5 .

There’s a guy working up in Finland who keeps trying to tell us that we’re all about to run out of lovely metals. Therefore — as with the Club of Rome beforehand, Blueprint for Survival and all those guys — we’re all gonna die.

Aiee, eh?

Now it is possible to work through all his assumptions and nip at them in detail. For example, he assumes we need about 20 million tonnes of lithium in order to replace the global internal combustion engine fleet with battery powered. Not a bad assumption. The Tesla Master Plan 3 comes to the same answer. But if we want to have weeks and weeks of battery power for the whole of society we’re going to need much more than that. Which is a problem, mineral resources are only around 90 million tonnes, so, we’re stuffed.

And, well. Here’s the problem. We’re all — including Michaux — using United States Geological Survey Numbers. In 2023 lithium:

    Owing to continuing exploration, identified lithium resources have increased substantially worldwide and total about 98 million tons.

In 2024:

    Owing to continuing exploration, measured and indicated lithium resources have increased substantially worldwide and total about 105 million tons.

Wait, what? We can get more mineral resources if we go looking for them? Well, if that’s true then the size of mineral resources cannot be the limitation on how much is out there, right?

This then brings us to the basic mistake that has been made here. We’ve been through this here a number of times.

It’s this:

    Figures 28 & 29 shows the needed quantity of metal to phase out fossil fuels (assuming all four power storage buffer capacities) is compared against the total metal content in the whole planetary environment, including the deep ocean polymetallic nodules under sea resources (Hein et al. 2020). So, Figure 28 shows reported mineral reserves plus estimated mineral resources on land plus estimated undersea mineral resources. This is the summation of mineral reserves, resources, on land and under the sea, in the planetary environment. Even with this extreme summation of conventional and unconventional sources, there was not enough copper, nickel, lithium, cobalt, or vanadium to manufacture even just the first generation of renewable technology to replace the existing fossil fuel industrial system.

That’s on page 240 and yes, I had to read (OK, speed read/skim) to get to his simple statement of his mistake. You owe me guys, 239 pages worth.

He’s right that mineral resources can be converted into mineral reserves by the application of time and effort — capital, really. But he thinks that mineral resources are the definition of the mineral deposits that exist. Which just ain’t true — mineral resources are mineral deposits that people have applied time and effort — capital really — to defining. That’s how mineral resources, as defined by our common source at USGS, can increase year on year.

November 2, 2024

Maxime Bernier on Canada’s immigration crisis

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

This article has been posted at the Telegraph in the UK and mailed out by the PPC here in Canada, so I guess it’s okay to share it here:

Newsflash: Canada is in the process of falling apart.

No, it’s not because Quebec is once again threatening to hold a referendum on separation, although this may happen again in the coming years.

Our country is experiencing a series of crises because of the deliberate policy of mass immigration instigated by Justin Trudeau’s Liberal government soon after its election in 2015.

Last year, Canada’s population increased by almost 1.3 million people, or 3.2 per cent. This was the fastest annual population growth rate since the post-war years. The difference however is that this was not caused by a baby boom, since 97 per cent of the growth was due to international migration, mostly from Asia and Africa.

This includes not only immigrants per se – or “permanent residents” – but also so-called temporary foreign workers, foreign students, and asylum seekers. Although supposed to be temporary, the last categories have in fact become pathways to seek permanent residency.

Because of this, housing in Canada has now become completely unaffordable. Young couples who want to have children just cannot afford to buy a home with a nice backyard where they can raise them any more, with the result that our birth rate has dropped dramatically.

Our hospitals, social services, and infrastructures are being overburdened by this massive demographic tsunami.

Immigration is often justified by its supposed positive impact on the economy. But productivity and wages have been stagnant for a decade in Canada, as cheap immigrant labour is favoured by employers over capital investment and automation.

Canadian politics has been mired for months in scandals over foreign interference, in particular China and India. India has been the largest source of immigrants to Canada for several years. Last week, Canada and India expelled diplomats over allegations by the Trudeau government that Indian diplomats have been involved in attacks against Khalistani militants in our country, including the murder last year of one that India considers a terrorist.

Because of mass immigration, Canadian politics is more and more focused not on actual Canadian issues, but on ethnic, religious, and foreign issues and wars, with establishment politicians spending an extraordinary amount of time courting the votes of minority ethnic groups in suburban marginal ridings.

The third most important national party, the New Democratic Party that has kept the Trudeau minority government in power, is headed by Jagmeet Singh. A Sikh by background, he initially declined to condemn Talwinder Singh Parmar, the mastermind responsible for the 1985 bombing of an Air India plane in which hundreds of Canadians were killed. However Singh did change his stance when a Canadian inquiry concluded that Parmar was definitely behind the outrage.

For his part, the leader of the Conservative Party and very likely our next prime minister, Pierre Poilievre, is known for donning national or religious dress as he panders to members of various communities.

In 2018, as a then Conservative Member of Parliament, I posted a series of tweets that denounced what I called Trudeau’s “cult of diversity” which, I contended, would lead to the Balkanisation of Canadian society, and potentially to violence.

Almost daily scenes of Muslims attacking Jewish institutions, Sikhs burning the Indian flag, and Ethiopian factions fighting each other in the streets of our cities, have proven me right.

Publicly attacking these woke dogmas wasn’t allowed at the time in Canada though, and it provoked a huge outcry. Even my leader and colleagues in the Conservative Party denounced me, which led me to resign and launch a populist right-wing party which is broadly the Canadian equivalent of Nigel Farage’s Reform Party.

If you believe that more diversity is always good and always enriches your society, then it’s logical and inevitable that you will end up importing lots of people with incompatible values and attitudes from around the world, including religious fanatics and even terrorists, who can’t possibly integrate in a country with a European, secular Christian heritage.

That’s what we’ve been doing for years, and that’s why everything that historically made Canada what it was is rapidly being destroyed. I know there has been a similar trend in the UK and other European countries, but Canada went way further down this road.

Canada’s demise started when what was already a very diverse country (with Indigenous, French and British founding peoples, and many different regional cultures) fell for this radical version of multiculturalism instead of tempering it with a focus on shared values and attitudes, pride in our history, and in the achievements of Western civilisation.

Now, not only are our democratic institutions, our economy, and our social peace and cohesion, falling apart, but so are our very identity and reason to exist as a country.

All these trends are so overwhelming that, unable to deny the reality any more, the Trudeau government finally announced last week that they would be gradually lowering their immigration targets in the coming years instead of continuing to increase them.

Although this is a massive U-turn for this government, it is far from being a sufficient reduction, and a lot more will need to be done to repair the damage. Otherwise, I don’t believe Canada will survive the 21st century.

QotD: UBI discourages low-income workers

Filed under: Business, Economics, Quotations — Tags: , , , — Nicholas @ 01:00

Not only does it have a high cost, UBI drains the labour force by discouraging work and boosting leisure time, says one big-picture study

Earlier this month, a cross-border team of North American economists published the results of a landmark study, probably the best and most careful yet done, of how low-income workers respond to an unconditional guaranteed income. Not so long ago this would have been a plus-sized news item in narcissistic Canada, for the lead author of the study is a rising economics star at the University of Toronto, Eva Vivalt. The economists, working through non-profit groups, recruited 3,000 people below a certain income cutoff in the suburbs of Dallas and Chicago. A thousand of these, chosen at random, were given a thousand dollars a month for three years. The rest were assigned to a control group that got just $50 a month, plus small extra amounts to encourage them to stay with the study and fill in questionnaires.

That randomization is an important source of credibility, and the study has several other impressive methodological bona fides. If you have an envelope to scribble on the back of, you can see that the payments alone were beyond the wildest dreams of most social science: most of the money was provided by the AI billionaire Sam Altman. But the study also had help from state governments, who agreed to forgo welfare clawbacks from the participants to make sure the observed effects weren’t obscured by local circumstances. Participant households were also screened carefully to make sure nobody in them was already receiving disability insurance. (Free money doesn’t discourage work among people who can’t work — or who absolutely won’t.) And the study combined questionnaire data with both smartphone tracking and state administrative records, yielding an unusually strong ability to answer difficult behavioural questions.

The big picture shows that the free cash — a “universal basic income” (UBI) for a small group of individuals — discouraged paying work, even though everybody in the study was starting out poor. Labour market participation among the recipients fell by two percentage points, even though the study period was limited to three years, and the earned incomes of those getting the cheques declined by $1,500 a year on average. There is no indication that the cash recipients used their augmented bargaining power to find better jobs, and no indication of “significant effects on investments in human capital”, i.e., training and education. The largest change in time use in the experiment group was — wait for it! — “time spent on leisure”.

Colby Cosh, “Universal basic income is a recipe for fiscal suicide (for so many reasons)”, National Post, 2024-07-30.

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