Quotulatiousness

September 29, 2019

Being a dictator is a stressful vocation

Filed under: Books, China, Germany, Government, History, Italy, Russia — Tags: , , , , , , — Nicholas @ 03:00

Gustav Jönsson reviews a new book by Professor Frank Dikötter on twentieth-century dictators:

One of the first things to emerge from Professor Frank Dikötter’s eagerly awaited new book How to Be a Dictator is that it is a stressful vocation: there are rivals to assassinate, dissidents to silence, kickbacks to collect, and revolutions to suppress. Quite hard work. Even the most preeminent ones usually meet ignominious ends. Mussolini: summarily shot and strung upside down over a cheering crowd. Hitler: suicide and incineration. Ceausescu: executed outside a toilet block. Or consider the fate of Ethiopia’s Haile Selassie: rumoured to have been murdered on orders of his successor Mengistu Haile Mariam, he was buried underneath the latter’s office desk. Not the most alluring career trajectory, one might say.

Dikötter’s monograph is a study of twentieth century personality cults. He examines eight such cults: those created by Mussolini, Hitler, Stalin, Mao, Kim Il-sung, Duvalier, Ceausescu, and Mengistu. For them, cultism was not mere narcissism, it was what sustained their regimes; foregoing cultism, Dikötter argues, caused swift collapse. Consider Pol Pot and the Khmer Rouge. Cambodians were unsure of Pol Pot’s exact identity for years, even after he had assumed leadership of the country. The Khmer Rouge, meanwhile, was in its initial stages merely called “Angkar” — “The Organisation.” There was no inspiring iconography. There was no ritualised leader worship. There was only dark terror. Dikötter quotes historian Henri Locard: “Failing to induce adulation and submissiveness, the Angkar could only generate hatred.” The Khmer Rouge soon lost its grip on the country. Dikötter makes an obligatory reference: “Even Big Brother, in George Orwell’s 1984, had a face that stared out at people from every street corner.”

Readers of Orwell will remember that INGSOC has no state ideology. There is only what the Party says, which can change from hour to hour. Likewise, Dikötter argues, there was no ideological core to twentieth century dictatorships; there was only the whim of the dictator. Nazism, for example, was not a coherent creed. It contained antisemitism, nationalism, neo-paganism, etc., but its essence was captured in one of its slogans: The Führer is Always Right. That is what the creed amounted to. Indeed, the NSDAP referred to itself simply as “the Hitler movement.” Nazism was synonymous with Hitlerism. Italian Fascism was perhaps even more vacuous. The regime’s slogan was simple: Mussolini is Always Right. Explaining his method of politics, Mussolini said: “We do not believe in dogmatic programmes, in rigid schemes that should contain and defy the changing, uncertain, and complex reality.”

While it is uncontroversial to argue that Nazism and Fascism were without ideology, as Dikötter writes, the “issue is more complicated with communist regimes.” Naturally, Marxism was connected with Stalin, Mao, Ceausescu, Kim, and Mengistu. But Dikötter rightly says that it was Lenin’s revolutionary vanguard, not Marx’s philosophical works, that inspired them. Doctrines can be interpreted in contradictory ways, creating schismatic movements — as shown throughout the history of socialism. In this regard personality cults are far safer because they are substantively empty. Marxist dictators thus subverted Marxism. Engels had said that socialism in one country was impossible, but that is what Stalin’s Soviet Union favoured. Or consider Kim’s North Korea, which in 1972 replaced Marxism with Great Leader Thought. And as Dikötter writes, “Mao read Marx, but turned him on his head by making peasants rather than workers the spearhead of the revolution.” Reading Marx under Marxism, Dikötter says, was highly imprudent: “One was a Stalinist under Stalin, a Maoist under Mao, a Kimist under Kim.” In short, Marxism was whatever the dictator said, and not what Marx had actually written.

QotD: Crony capitalists and corrupt politicians love tariffs

Any survey – and certainly any careful study – of the history and reality of tariff policy confirms that tariffs (and other trade restrictions) are almost always dispensed, not for any plausible public-interest reasons, but to satisfy the private interests of rent-seekers. Even if, contrary to fact, economic journals and textbooks were filled with several plausible scenarios under which trade restrictions can improve the economic well-being of home-country residents, the actual history of trade policy is that this policy is one in service to domestic plunderers.

Many who agree with me here will nevertheless scold me for using, à la Bastiat, the provocative word “plunderers.” But I stick to my choice of words.

“Plunderers” is descriptive, for plunder is in fact what trade restrictions are all about. For two and a half centuries now we proponents of free trade have played mostly on the rhetorical turf of protectionists. On this turf there are language biases galore, such as “trade deficit,” a lowering of home-country tariffs described as “concessions” to foreign countries, the arrival in the home country of especially low-priced imports condemned as “dumping,” and, indeed, the word “protection” itself. Also, don’t forget the constant, clanking parade of inapposite military and sports metaphors.

For two and a half centuries now we proponents of free trade have typically treated the efforts of rent-seekers and rent-dispensers to portray their use of the state to enrich themselves at the expense of others with intellectual and moral respect. Why?

No one attempts to intellectually rationalize the theft and violence committed by street gangs. No one attempts to rationalize shoplifting, vandalism, armed robbery, arson, or rape. (It would, do note, be child’s play for a competent economics graduate student to develop a coherent theory of “optimal gang violence” that shows that, under just the right set of circumstances, there is an “optimal” amount of gang violence that improves the national welfare.) We call these destructive exercises of theft, coercion, and violence “theft,” “coercion,” and “violence.” We call these predatory activities what they really are.

By calling protectionism what it really is – the plunder of the many by the politically powerful few – we more vividly and widely expose protectionism’s ugly and cruel reality.

Don Boudreaux, “Quotation of the Day…”, Café Hayek, 2019-08-04.

September 28, 2019

How the Federal Reserve Works: After the Great Recession

Filed under: Economics, Government, USA — Tags: , , , — Nicholas @ 02:00

Marginal Revolution University
Published on 3 Apr 2018

In response to the Great Recession, the Federal Reserve has implemented some new instruments and policies – including quantitative easing, paying interest on reserves, and conducting repurchase (and reverse repurchase) agreements. In this video we cover how these tools work, and why they matter.

September 27, 2019

How the Federal Reserve Worked: Before the Great Recession

Filed under: Economics, Government, USA — Tags: , , — Nicholas @ 02:00

Marginal Revolution University
Published on 13 Mar 2018

The Federal Reserve has massive influence over the United States and global economy. But how the Fed uses its tools to stimulate or shrink aggregate demand has changed since the Great Recession. We’ll start by covering how it was done prior to 2008.

September 26, 2019

QotD: Preventing “price gouging” is counter-productive in an emergency

During an emergency like a hurricane, many different categories of goods and services experience supply-demand shocks. The shock may be because of a fall in supply (e.g. oil companies can’t get gasoline into the area) or a spike in demand (e.g. for generators or plywood) or a combination of both. In a free market, prices will rise to help match supply and demand. Higher prices cause people with less valuable or more frivolous uses of the scarce goods to defer purchase, and can cause suppliers to expend extra effort to get product into the area, even diverting supplies from other areas.

When the government institutes price gouging laws in an emergency, the supply-demand mismatch that leads to the rising prices isn’t magically eliminated. First, without higher price incentives, all the incentives to get more supply into the area are lost. Supply and demand under these regulations can only be matched by rationing demand, and typically this is through queuing and increasing search costs (e.g. driving around all over the place looking for a station that is open and has gas). People who gain the limited supplies in this regime are thus those with a lot of time on their hands, where the marginal cost of queuing and driving around does not impose a lot of cost. Think about a roofer scrambling to repair roofs after the a storm — do they have time to have their trucks and crews sitting dormant in gas lines? Thus, price gouging laws tend to ensure that scarce goods in an emergency flow to those with the least use for them.

Warren Meyer, “Price Gouging Laws: Allocating Goods in An Emergency To People Who Have Nothing Much Valuable to Do”, Coyote Blog, 2017-08-26.

September 25, 2019

The Money Multiplier

Filed under: Economics, Government, USA — Tags: , , — Nicholas @ 02:00

Marginal Revolution University
Published on 25 Jul 2017

When you deposit money into a bank, do you know what happens to it? It doesn’t simply sit there. Banks are actually allowed to loan out up to 90% of their deposits. For every $10 that you deposit, only $1 is required to stay put.

This practice is known as fractional reserve banking. Now, it’s fairly rare for a bank to only have 10% in reserves, and the number fluctuates. Since checkable deposits are part of the U.S. money supplies, fractional reserve banking, as you might have guessed, can have a big impact on these supplies.

This is where the money multiplier comes into play. The money multiplier itself is straightforward: it equals 1 divided by the reserve ratio. If reserves are at 10%, the minimum amount required by the Fed, then the money multiplier is 10. So if a bank has $1 million in checkable deposits, it has $10 million to work with for stuff like loans and reserves.

Now, typically, the money multiplier is more like 3, because banks can always hold more in reserves than the minimum 10%. When the money multiplier is higher, like during a boom, this gives the Fed more leverage to move M1 and M2 with a small change in reserves. But when the multiplier is lower, such as during a recession, the Fed has less leverage and must push harder to wield its indirect influence over M1 and M2.

Next up, we’ll take a closer look at how the Fed controls the money supply and how that has changed since the Great Recession.

QotD: Big government is not human

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

An email from a correspondent, who is not in Guam, reminds me to remind gentle reader of a truth I take for self-evident, but perhaps others don’t. We personalize the State. I do myself, when I refer to it as Big Brother, Big Sister, Twisted Nanny, &c. But this is a conceit. As anyone caught in the jaws of Big Shark should realize, it doesn’t think like a human. It thinks more like a mechanism. Of course, when the mechanism has selected one’s own person for food — I am thinking here of the Revenue Department, but government agencies are all much the same — little can be done. One might beg for mercy, but the thing is not designed to dispense mercy. That is not its function. Its function is to absorb protein.

Guvmint agents themselves — the cells and their switches — are task-oriented. Each signed off his right to make humane judgements when he took the job.

We used to have reactionary courts, to restrain the creature. Now we have progressive courts, to urge it on.

Among the foibles of democracy, is the notion that “the peeple” are somehow in control. The people, however, consist of persons, with their quite various moral flaws, which tend to cancel each other. They elect politicians for show. This helps them put a human face on the enterprise, so they have someone to blame at the electoral intervals. It is true that a government with a majority and a will can alter the course of history: usually by putting more sharks in the tank. And that the policy wonks are, arguably, human. But they are cells themselves, within Leviathan.

We live, I say from time to time, in an age of “total war” and “total peace.” The one condition resembles the other: a command economy, focused on results. We have, as it were, totalitarianism with a human face. It is a kind of smiley face, painted on the tip of the missile.

David Warren, “Notes from the sheepfold”, Essays in Idleness, 2017-08-11.

September 23, 2019

QotD: Harry Truman’s second thoughts about the CIA

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

… it got out of hand. The fella … the one that was in the White House after me never paid any attention to it, and it got out of hand. Why, they’ve got an organization over there in Virginia now that is practically the equal of the Pentagon in many ways. And I think I’ve told you, one Pentagon is one too many.

Now, as nearly as I can make out, those fellows in the CIA don’t just report on wars and the like, they go out and make their own, and there’s nobody to keep track of what they’re up to. They spend billions of dollars on stirring up trouble so they’ll have something to report on. They’ve become … it’s become a government all of its own and all secret. They don’t have to account to anybody.

That’s a very dangerous thing in a democratic society, and it’s got to be put a stop to. The people have got a right to know what those birds are up to. And if I was back in the White House, people would know. You see, the way a free government works, there’s got to be a housecleaning every now and again, and I don’t care what branch of the government is involved. Somebody has to keep an eye on things.

And when you can’t do any housecleaning because everything that goes on is a damn secret, why, then we’re on our way to something the Founding Fathers didn’t have in mind. Secrecy and a free, democratic government don’t mix. And if what happened at the Bay of Pigs doesn’t prove that, I don’t know what does. You have got to keep an eye on the military at all times, and it doesn’t matter whether it’s the birds in the Pentagon or the birds in the CIA.

Harry S. Truman, quoted by Jeff Deist, “Truman Was Right About the CIA”, Mises Wire, 2017-03-08.

September 19, 2019

QotD: Parliament and democracy

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

In legal theory, the members of the Commons are representatives and they have the role that was enunciated in the famous letter to the electors of Bristol by Edmund Burke. “I owe you my discretion; I don’t merely owe you my vote.” That was nearly 250 years ago when there was no democracy and politics was run by a handful of families like the Marquess of Rockingham to whom he was the paid lackey (and by the way the electors of Bristol threw him out). There is a very vague relationship between Parliament and democracy. We have had Parliament for 800 years. We’ve had democracy for less than a century. And the great issue was: how do you reconcile the previous tradition of representative in a non-democratic Parliament with the position of delegate in a democratic Parliament. And the way it was dealt with — this is what all the fuss, all the things that we are talking about: Erskine May, A V Dicey, they all appear at a particular moment of time. They appear in the middle of the 1880s because it’s the 1884 reform act that introduces something like democracy.

But you see we’ve never worked out the relationship between the fact that we’ve got two sovereigns. There is the legal sovereign which is the Crown in Parliament and there is the real, political sovereign which is the sovereign people behind them. But what we did, and this is why Bercow’s behaviour is so disastrous; it’s why Theresa May’s behaviour has been so catastrophic: what we developed thanks to Erskine May and the Parliamentary Handbook and endorsed by Dicey, we developed a whole series of devices. They were conventions that turned MPs from more or less representatives into more or less delegates. And what are these things? They’re party affiliation. They are manifestos. They’re standing on a ticket and they’re being whipped when they’re in the house. That is the thing that binds them to the popular vote. No MP; Dominic Grieve was not elected in a personal capacity. He was elected because he stood as a Tory on a Tory manifesto which promised Brexit. That man did not dissent at the time. His claims to dignity, his claims to acting honourably, are totally false.

There are other rules in Erskine May about the procedures of Commons business which gives the government the basic control of the parliamentary timetable. Otherwise what happens is the house just dissolves into a talking shop. Becuase MPs have refused to vote for any deal: they’re strong in the negative but they’re hopelessly weak in the positive. They can’t agree on anything. We developed a series of conventions in the 1880s that turn MPs into something like the representatives of the people and what has systematically happened in this Parliament: we have broken those conventions.

Theresa May’s loss of the election and her absurd notion that you can keep people with completely contradictory opinions on a main platform of government policy in the same party broke down the whipping system. Bercow broke down the government’s control of legislation. And you’re left with this chaotic mess.

David Starkey talking to Brendan O’Neill on the Brendan O’Neill Show, 2019-09-15. (Transcription from The Great Realignment)

September 17, 2019

QotD: Rent-seeking

[Progressives] should also be delighted by public choice scholars’ development of the theory of privilege-seeking (or “rent-seeking“). It’s an old observation, really: when the state’s personnel have favors to dispense, people in the private sector will invest resources to obtain them. Such favors are by nature impositions on third parties. They may take the form of cash subsidies, taxes and regulations that hamper or quash competition and raise incomes in a non-market manner, and other devices. But the principle is the same: private- and government-sector individuals collude to use the state’s coercive power to obtain what they could not obtain through voluntary exchange for mutual benefit. It’s a theory of exploitation the good-faith left should embrace.

By the same token, the state’s personnel, seeing opportunities to sell favors, are just as likely to initiate the privilege-seeking process. In this sense, public choice scholars are right when they see the political arena as a series of exchanges. The big difference with the marketplace, however, is that in the political arena the largest group of people is forced to participate.

The bottom line on privilege-seeking, which should interest the left, is this: the people with the greatest access to power will not be those the left cares most about, but those who run Boeing and ExxonMobil and GE and Lockheed Martin. Wealth transfers will tend overwhelmingly to be upward.

Sheldon Richman, “TGIF: What the Left Should Like about Public Choice”, The Libertarian Institute, 2017-07-28.

September 10, 2019

We’ve noticed this too…

Sarah Hoyt on the increasing “green-ness” of her appliances — and the increasing uselessness of same:

For years we got expensive front loaders, and yet our clothes kept smelling, there were stains that would not come out, and these things seemed to last only 5 years, on the outside. And I knew it wasn’t our problem, as such, because at the same time we started noticing we couldn’t get our clothes clean, the detergent aisle of the supermarket sprouted an entire section of odor removing things, Febreeze got added to detergents, and, in general, people smelled odd …

Then the washer broke while we were also very, very broke (we were paying mortgage and rent in the run up to buying this. I saw an ad for, I THINK a $300 washer, and we went to look. What we found, instead, was a $200, not advertised washer. As we’re looking at it the saleswoman hurries over and tells us we don’t want it. This washer, she says, uses lots of water. For those who don’t know I suffer from an unusual form of eczema. While it’s triggered mostly by stress with a side of carbs, it can also, out of the blue, take offense at a slight trace of detergent left on the clothes. I’ve found that the eczema got markedly worse the less water the washer used. And it required me to run the washer three times, once with soap and two without to avoid major outbreaks. The idea of using lots and lots of water was great, so I was all excited. Which shocked the poor saleswoman halfway to death. I will point out, though, though that this washer washes well enough I can get away with only one extra rinse cycle and if I forget it it’s usually survivable. Also, our clothes don’t smell. Unfortunately, we’ve not found that [type] of washer any of the times we’ve walked through the appliance aisle, so I think that choice has been eliminated.

Certainly the choice of dishwashers that use “lots” (i.e. what they used 20 years ago) of water and electricity was never offered to us. And since we seemed to have really lousy luck with dishwashers, I found every time we replaced one over the last 20 years, they had less space for dishes (more insulation, to allow for less electricity) to the point that I needed to do 3 or even 4 loads for a family of four. I mean, I cook from scratch, but I really don’t use that much stuff. And it ran slower than before. Right now our dishwasher actually washes (a bonus) but it takes four hours to run a cycle. I rarely do more than one wash a day, though, because it’s just Dan and I, and we … well … the kids used a lot more glasses and little plates, and frankly meals get more complicated for four people.

All the same, there was a time there, for like 10 years, where we were running all this “green” approved stuff, and not only was I running the washer and drier more or less continuously, but to make things more “interesting” I was using MORE water and electricity, in the sense that I was running the appliances a ton more.

This of course is what I also found with the “low flush” toilets. We had them in our previous house, and we found that we spent an inordinate amount of time flushing the toilet. Also, since it took four or five flushes to do the job or one, the fact we were actually only using half the water per flush didn’t save any water. We spent instead twice to three times the amount of water the “high flush” toilets had spent.

All this, btw, to appease Paul Ehrlich — the prophet of wrong. As in, if he foresees something it will be wrong — and his ridiculous idea we’d run out of potable water in 1978. Apparently none of these people have noticed that 1978 has come and gone with no problems. And as for electricity, if they stop their idiocy about nuclear, it’s not even a consideration. (And no, Chernobyl isn’t a caution about nuclear energy. It’s a caution about stupid communist regimes. They can’t run anything — not even a nuclear plant — without destroying it.)

Lightbulbs are another favourite … several years back, our provincial government was pushing us all to get rid of our old incandescent bulbs and replace them with these great new energy-efficient compact fluorescent bulbs. The new CFLs cost roughly ten times as much as the old bulbs, but we were assured up and down that they’d last twenty times longer, so we’d not only save money on electricity, but also have to replace the bulbs so infrequently. Of course, the CFL bulbs were pathetically bad — not only were they expensive, the light they gave was (at best) marginal and they didn’t even last as long as typical incandescent bulbs.

So now, of course, we’re being encouraged to use LED bulbs. Sure, they’re more expensive than the old incandescent bulbs, but they save on electricity and last many times longer! Except, of course, they don’t. The old incandescent bulbs in my office started to fail one after another, so when I was down to only one working bulb, I gave in and bought four replacement LED bulbs … they were on sale for only 2-3 times as much as the old bulbs! That was in March. I’ve already had to replace two of the LED bulbs. This is starting to feel familiar…

On the bright side (pun unintentional), the LED bulbs don’t provide the entertainment of a toxic waste cleanup in your home the way the CFL bulbs did when they were broken.

September 8, 2019

Boris may have a viable escape hatch after all

Filed under: Britain, Government, Law, Politics — Tags: , , , , — Nicholas @ 05:00

It could not only untangle the current mess in Parliament but have the almost equally attractive feature of sending his opponents into paroxysms of rage:

The consensus is that the Government is trapped in an iron vice that will now be tightened till it cracks. The truth, however, is that this vice is less of iron than of hot air.

The Civil Contingencies Act 2004 is a constitutional outrage. It allows a government to declare an emergency, and then to rule by decree. It should never have been made. But it was made; and it can now be used as an instrument of liberation.

The Act defines “emergency” as just about anything the authorities may dislike. One possible definition is “an event or situation which threatens serious damage to human welfare in a place in the United Kingdom.” (s.1(1)) This sounds a promising excuse. It seems to cover what the Opposition claims would be the effect of a No-Deal Brexit.

Triggering the Act requires no more than “a senior Minister of the Crown” – that is, Boris Johnson – to announce an Emergency. This done, he can make, alter or suspend almost any law he likes. (s.22) He can do this for a period of thirty days. (s.26) All he has to do is preface his decree with a statement that he “is satisfied that the regulations contain only provision which is appropriate for the purpose of preventing, controlling or mitigating an aspect or effect of the emergency in respect of which the regulations are made.” (s.20(5)(b)(ii))

He cannot change the Act itself, or the Human Rights Act. He cannot set up concentration camps for his opponents, or put them before a firing squad. But the Fixed Term Parliament Act is fair game. He could suspend that. Then he could dissolve Parliament in the traditional way.

He must, “as soon as is reasonably practicable,” lay his decrees before Parliament. (s.27(1)(a)) No doubt, the Parliament we have would punish him with an Act of Attainder. But this Parliament would no sooner reassemble after the prorogation than it would be dissolved. The Speaker would barely have time to open his mouth. Assuming the general election went as hoped, the next Parliament would not be inclined to dispute the circumstances of its birth.

All the opposition parties would go screaming mad. But, as said, we are not talking about concentration camps and firing squads. The only use of the Emergency would be to give a voice to the people. Who could legitimately deny that? As for sharp practice in general, the opposition parties have spent this year turning the Constitution upside down. Who could complain if the Government now joined in the fun?

September 7, 2019

Mark Steyn – “So the Remainer leaves, putting a question mark over whether the Leaver can remain”

Filed under: Britain, Government, Politics — Tags: , , , , , — Nicholas @ 03:00

Despite the lovely scenery outside his cabin window … I guess that should be “porthole” … Mark Steyn still finds time to comment on the circus at Westminster:

Greetings from the Mark Steyn Cruise, currently sailing the beautiful Inside Passage of Alaska. Across the continent and an ocean, Westminster continues to be roiled by Brexiteers and Remoaners locked, like the latter seasons of Dynasty, locked in ever more demented plot twists. Today Her Majesty’s Government suffered its first resignation since Boris Johnson took over as Prime Minister. The Minister for Universities and Science quit, and is leaving Parliament. His name is Jo Johnson. Any relation? Why, yes. He’s Boris’ brother. In the normal course of events, no normal person knows who the Minister for Universities is, or indeed that such a post exists, or, if aware of this grand office, what the chap who holds it does all day long: He ain’t a heavy, he’s his brother — that’s all. But the junior Johnson, a Remainer, has walked out on the senior Johnson, a Leaver, so it’s the biggest thing since Cain fired his Secretary of State for Sheep-Herding. Boris was his brother’s keeper, but he couldn’t keep him. So the Remainer leaves, putting a question mark over whether the Leaver can remain.

~All sides are throwing around media accusations of “constitutional outrage”, ever since Boris got the Queen to prorogue Parliament and was instantly ungraded from PM to Caudillo of the new dictatorship. I am more sympathetic to the charges against his opponents: Jeremy Corbyn, Leader of Her Majesty’s Loyal Opposition, has been claiming for months to want a general election. Indeed, there is no reason not to have one. On Tuesday the Prime Minister formally lost his majority, when some Tory nobody I’d never heard of crossed the floor and became a Liberal. So Boris and his team cannot govern. Indeed, even their minority is shrinking by the hour, as he removes the whip, expels and deselects those who vote against him on Brexit.

And yet Corbyn voted down Boris’ motion for a general election — because the Opposition Leader is determined to force the Government to enact not its own but the Opposition’s policy, by making Boris go to Brussels, grovel, and beg for another extension of Britain’s zombie membership in the European Union. To put it in American terms, the legislative branch wants to maintain the executive branch in power purely as its dead-eyed sock puppet. That is certainly a constitutional abomination, and, cautious as she is in such matters, I have no doubt the Queen regards it as such.

~Why is Corbyn doing this? Isn’t an Opposition Leader supposed to bring down the Prime Minister so he can force an election and replace the bloke? Yes, but Corbyn would lose that election, and Boris would likely win. The guff about the will of Parliament and the people’s representatives obscures the reality — that this situation exists because of the ever wider chasm between the people and their representatives, between a citizenry that voted to leave the European Union and the fanatically Remainer Liberal Democrats, openly Remainer Celtic nationalists, covertly Remainer Labour Opposition, and semi-Remainer Tory backbench all determined to subvert the will of the people. You can dress that up in all kinds of parliamentary flimflam, but, when politicians who’ve been bleating about a “people’s vote” for over a year refuse to let the people vote, you know these tribunes of the masses have gone rogue and left the masses far behind.

September 5, 2019

The “Stop the Coup” movement and the chances for a British general election

Filed under: Britain, Government, Politics — Tags: , , , — Nicholas @ 05:00

Brendan O’Neill on the recent political upheavals in the Mother of Parliaments as Boris Johnson lost his parliamentary majority and the “Stop the Coup” activists celebrate by backing away from the election they claimed they wanted all along:

The ridiculousness of the “Stop the Coup” movement is now starkly exposed. For the past week a few thousand members of the obsessively anti-Brexit urban elites have taken to the streets to accuse Boris Johnson of behaving like a dictator by suspending parliament for a few more days than is normal. “It’s a coup d’état!”, they hysterically cry. And yet now our supposed dictator, the author of this foul, anti-democratic coup, is offering people a General Election, and how have the “Stop the Coup” saps responded? By saying they don’t want one.

What a momentous self-own. They have literally traipsed through the streets saying “Britain is a dictatorship” and “Boris has stolen our democracy”. Now, Boris hasn’t only disproven this claptrap (dictators don’t usually suggest holding an election). He has also helped to expose the fact that if anyone is agitated and even disgusted by the idea of democracy right now, it isn’t the imaginary jackbooted generals of Downing Street – it’s the pseudo-democratic Remainer elite.

All of them are running scared from the idea of a General Election. Labour has made clear that it will not be backing the call for an election, at least not until No Deal Brexit has been legally taken off the table. “We are not going to dance to Boris Johnson’s tune”, said Labour’s shadow Brexit secretary Keir Starmer this morning when asked if the party would back Boris’s General Election proposal in parliament later today. An election on Boris’s terms would be a “trap” for Labour, he said.

Jo Swinson, leader of the Lib Dems, is against an election too. And her justification is very revealing indeed. In the Commons she said “It is vital that this House acts with responsibility and does not tip our country into an election at a point when there is any risk that we will crash out of the European Union during that election campaign or immediately after.” With added emphasis she declared: “We must act responsibly.”

… but not democratically. After all, elected MPs know far better what’s good for the country than the majority of Britons who voted in favour of Brexit.

September 2, 2019

The economics of climate change policies

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

Tim Worstall explains the economic implications for the various demands that we consume less in order to fight climate change:

A major contention from economists is that if we decide to fight global heating in the wrong manner then we’ll make ourselves poorer than we need be. A major contention from the same economists is that if we don’t fight global heating at all then we’ll make ourselves poorer than we need be. That being the economic point about all of this, we must fight global heating in the correct manner.

The correct manner not being vast plans by bureaucracies. Instead, change market prices with the one intervention – a crowbar into the system just the once with a carbon tax – and then let the economy itself chew through the implications of that.

Do note that the argument is not “poorer than we are now”, it’s poorer in the future than we need to be in that future.

And then we’ve got the varied Green, New Deal, unsoaped hippies and socialist idiots whose demand is rather different. They are insisting that we must be poorer, now, than we are, now. These people really do have to be told to bugger off:

    A sustainable environment means consuming less, not differently.

The only useful measure of how rich you are is “What are you able to consume?” Insisting that you consume less is therefore insisting upon being poorer.

It’s also entirely wrong that consuming differently won’t make a difference. Because again those economists. The thing we consume is value. That’s also the thing that we produce. That Gross Domestic Product, GDP, that is so bewailed as a societal target is nothing but the value added in the economy. GNP is the value which accrues to the people in the economy. NNI is the net value that goes as income to those in the economy. And so on through the different possible combinations of net and gross, national and domestic, production and income.

They’re all measures of value added. Not of resources consumed at all. So, if we face resource constraints all we need to do is change the value we’re producing by using fewer of those scarce resources to do so. Then we can carry on consuming ever greater quantities of value that we’ve gone and created. This must obviously be so – we do quite obviously face resource constraints currently. All economic resources are scarce, that’s what makes them economic resources in the first place, their scarcity. We don’t actually have an economics of atmospheric nitrogen because it’s not scarce. We do have an economics of soil nitrogen because it is scarce. The conversion of one to the other comes at a price – many prices in fact. The conversion itself, the algal blooms from having done so and so on. But the doing also adds value – which is then what humans consume, the value added.

So, the idea that consuming differently won’t make a difference is dribble. Plus, the idea that we must all be poorer in order to sustain that environment is drivel. Simple observation tells us that places with poor people have worse environments than places with rich.

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