Quotulatiousness

December 20, 2016

QotD: The problem for pollsters

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

We’ve always known that polls had problems. You can get very different answers depending on how you ask the question, as Yes, Prime Minister effectively dramatized. Sampling problems arise when people who don’t get chosen for the poll, or refuse to respond, are systematically different from the rest of the population. (This is how the infamous “Dewey Defeats Truman” headline happened.) Even with problems, however, polls remain useful — as long as you keep those problems in mind.

I’ve seen a lot written today about how this shows the need to fix polling. I’ve seen few people asking what seems like the more pertinent question: What if polls can’t be fixed?

The second half of the 20th century was the golden age of survey data. But toward the end of the century, changing technology began to threaten the accuracy of polls. We now have caller ID, voicemail, and millennials who regard talking on the phone as a barbarism akin to the chamber pot. The modern American workday also compresses housekeeping and socializing into a few narrow hours, during which people are less likely to humor an unsolicited caller. In part because we’ve also seen the proliferation of robocalls in the survey industry and beyond.

Pollsters say that by carefully calibrating for the missing responders, they can still get accurate results. But what if it’s getting too hard?

In some sense, that doesn’t matter all that much for elections. For one thing, there are still betting markets, which, as my colleague Leonid Bershidsky points out, were doing an excellent job of predicting elections long before we had representative national surveys. For another, in the realm of politics we always get the answer we need eventually — on election day.

But there are broader issues where we don’t know the answers, and would very much like to, about the lives of the people who live within our borders, and what they want from their governments, businesses and civic institutions. Without good survey data, all those institutions will be operating blindly, groping toward answers they used to be able to get just by picking up the phone.

Megan McArdle, “Pollsters Are Worse Than Ever”, Bloomberg View, 2015-05-08.

December 19, 2016

Justin Trudeau’s actual role in the Trudeau Foundation

Filed under: Cancon, Politics — Tags: , , — Nicholas @ 03:00

Ted Campbell finds an oddly charitable way to describe the Prime Minister’s efforts on behalf of the Trudeau Foundation, and a contrast with Hillary Clinton’s role in the Clinton Foundation’s work:

Let me be very, very clear: I do not doubt Prime Minister Trudeau’s personal honesty; nor so I actually think he is smart enough, devious enough to manage a “cash for access” scheme. The “cash for access” scandal is, as Professor Tom Flanagan says, something that all parties, Conservatives, too, both nationally and provincially, have always done. Prime Minister Trudeau is, rightfully, being hammered not for schmoozing with the wealthy, but, rather, for his own person hypocrisy about the issue. But the Trudeau foundation is a bit different and a bit more dangerous. I think the Trudeau Foundation was set up, using $125 Million of Canadian public (taxpayers’) money “donated” by then Prime Minister Jean Chrétien, as a mechanism to perpetuate a Liberal icon and to provide a sinecure for Justin Trudeau and, thereby, to help him shelter some of his substantial family wealth from zealous tax collectors; and he is rather like an employee … something akin to a Disneyland Princess who gets trotted out to pose with the paying customers. But the warnings from Candice Malcolm and Tony Keller are valid and Prime Minister Trudeau should pay heed. Americans forgave Donald Trump for his great wealth and tax evasion and a hundred other faults because he spoke to them about their own fears. They did not forgive Mrs Clinton because, I think, she talked at them, not with them, and she talked about people and issues that working class Americans thought had already received enough attention and even special treatment.

Justin Trudeau is perceived, already, as a pampered, privileged “trust fund kid” who, despite the rhetoric, doesn’t really understand middle class, much less working class Canadians. Prime Minister Trudeau won, in 2015, in large measure because Canadian were tired of Prime Minister Harper, and because he is genuinely “nice,” but not because Canadians think he is, in any way, “one of them.” He could lose, as Hillary Clinton lost, if Canadians decide that he is using his high office to feather his own already substantial nest with “dirty” foreign money while he sells out Canadians’ interests. It may be unfair but the media have this bit between their teeth and they are not likely to just let it go away.

Ontario PC leader Patrick Brown and the “hidden agenda”

Filed under: Cancon, Media, Politics — Tags: , , , , — Nicholas @ 02:00

During the entire time Stephen Harper was Prime Minister, the opposition and the media kept frightening people about Harper’s “hidden agenda” that he was bound to implement at any moment. For a decade. It worked well enough that right up until the Liberals won the last federal election, the term “hidden agenda” worked to gin up fears about the “real” Harper plan for Canada. If it was bad for Harper it’s going to be much, much worse for Ontario’s PC party and their flexible leader Patrick Brown:

Any Tory leader would have this problem. Any Tory leader who was ever thought of as a social conservative would have it worse. Brown might have it worst of all: having bent like a palm tree in the wind on social issues, it will be easier than usual for the Liberals, New Democrats and media to portray any moderate stance he takes on anything as nothing more than a politically expedient façade on some kind of hidden agenda. For those who might support such an agenda, meanwhile, his record is an invitation to stay home: whatever he or one of his MPPs might promise them isn’t worth the sound waves that conveyed it. They might reasonably conclude he has no agenda at all, hidden or otherwise.

Stephen Harper had considerable trouble with his purported “hidden agenda,” despite the gymnastics that were necessary to pin it on him. Brown having inhabited every position imaginable on a perfectly reasonable sex-ed curriculum, he cannot inspire much confidence in anyone, on any side of any truly contentious social issue, that his stated positions during campaigns would bear any resemblance to his actions as premier.

Perhaps the Liberals are finally unpopular enough that they’ll lose in 2018 no matter whom they’re up against; perhaps Ontarians will deem Brown’s apparent lack of principles an acceptable replacement for the Liberals’ long-demonstrated lack of principles. But if I were Kathleen Wynne, I’d be considerably more confident than my 16 per cent approval rating suggested I should be.

December 16, 2016

ESR on the “Trump is Hitler!” meme

Filed under: Politics, USA — Tags: , , , , , , — Nicholas @ 02:00

He posted this the other day on Google+:

Reading this [link] put me in mind of a slightly different scenario. So I’m throwing this gauntlet down to anyone who has ever said the “Trump is Hitler” thing.

There are only two possibilities.

One is that you believe what you’re saying. in which case you have a moral duty to find Trump and kill him. With a scoped rifle. With a suicide vest. With hands and teeth. With anything.

The other is that you don’t actually believe Trump is Hitler, but find it advantageous to say so, posturing for demagogic political gain.

If you’re not a liar and a demagogue, why are you not strapping on weapons right now? Put the fuck up or shut the fuck up

December 15, 2016

QotD: Why reducing the size of government is so tough

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

It’s not that I don’t want smaller government. I’m a libertarian; my ideal government is about the size of one of those miniature dogs that have to wear coats all the time because they don’t generate enough body heat to keep themselves warm. The problem is, the voters don’t want smaller government. They’d like to pay lower taxes, of course, but they go wild if anyone suggests cutting any sizeable portion of the services that those taxes pay for. By and large, politicians have refused to cut spending anyway. And without doing so, you can’t have a tax cut in any real sense, because to spend is to tax (eventually).

Megan McArdle, “Trump Tax Cuts: A Bad Idea With a Bright Future”, Bloomberg View, 2016-12-01.

December 14, 2016

Niall Ferguson’s “Bremain” recantation

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

Niall Ferguson regrets sacrificing his principles to help his friends stay in power:

The three words you are least likely to hear from an academic are “I was wrong.” Well, I was wrong to argue against “Brexit,” as I admitted in public last week. By this I do not mean to say “I wish I had backed the winning side.” Rather, I mean “I wish I had stuck to my principles.”

For years I have argued that Europe became the world’s most dynamic civilization after around 1500 partly because of political fragmentation and competition between multiple independent states. I have also argued that the rule of law — and specifically the English common law — was one of the “killer applications” of western civilization.

I was a staunch Thatcherite. I was a proud Eurosceptic. So what on earth, many old friends wondered, prompted me to take the side of “remain” in the referendum on EU membership?

A part of the answer is that I sincerely convinced myself that the costs of Brexit would outweigh the benefits. But I too readily trotted out the doom-laden projections of a post-Brexit recession from the International Monetary Fund, the Treasury, and others. I accused the proponents of Brexit of being “Angloonies” as opposed to Eurosceptics. My most desperate sally was to compare Brexit to a divorce — desperate not because the analogy is a bad one (it still fits rather well) but because I myself am divorced.

I linked to his divorce analogy at the time:

I suppose there are such things as amicable divorces. Mine wasn’t. Like the First World War, it was fought for more than four years, and ended with the Treaty of Versailles (by which I mean that it imposed territorial losses and the payment of annual reparations for a very long time).

Which brings me to Brexit, the ultimate divorce. Leave aside the arguments based on economics. Leave aside history, too. Instead, permit me to get personal. You want to get a divorce from Europe? Very well, let me explain what divorce is like.

Ouch.

December 12, 2016

QotD: Don’t mess with the market

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

Please note that this is nothing to do with a debate about capitalism or socialism: they are descriptions of who owns the productive assets in a society. It’s also nothing at all to do with whatever the correct level of taxation, state provision or anything about what redistribution should be in a society. It’s purely a point about how you try to achieve the goals that you’ve set yourself.

It’s entirely possible to alter or ameliorate the outcomes of market process. But the temptation to direct those market processes is where the problems come in. Take Venezuela: as I’ve repeatedly said there’s nothing immoral or necessarily undesirable about increasing the incomes of the poor or of reducing inequality. It’s just that the method that one uses to do this has to be taking money from richer people and then giving it to poorer people. Not, as they have done, attempting to do a whole series of price fixing. This was something that New Labour, under Blair and Brown, largely did get. Allow the economy to hum along and tax it to then pay for the results that you want.

Miliband was arguing the other way. That we should be doing that price fixing, that interference directly into the market, in order to achieve our goals. And that is the Venezuelan mistake.

We do in fact have in front of us an example of what most leftists consider to be a generally desirable outcome: the Nordics. They’re high tax, high redistribution states, oh yes they are. But they’re also, underneath that, markedly more classically liberal than either the UK or the US. That’s what makes the places tick. They don’t have minimum wages for example, let alone price fixing for energy. As Scott Sumner has pointed out Denmark might be the most classically liberal economy on the planet.

The real lesson I think the left needs to learn is that markets work. You can change the outcome through tax and redistribution if you wish: but don’t mess with the workings of the market itself.

Tim Worstall, “Under Miliband Britain Would Have Become Like Venezuela”, Forbes, 2015-05-09.

December 10, 2016

ESR spelunks the alt-right

Filed under: Media, Politics, USA — Tags: , , , , , , — Nicholas @ 02:00

ESR has been busy with absorbing technical projects, so he’s not blogging as frequently as he used to. Here’s his take on the alt-right phenomenon:

First, while I’m not entirely sure of everything the alt-right is (it’s a rather amorphous phenomenon) it is not the KKK and neo-Nazis. The most that can truthfully be said is that ‘alt-right’ serves as a recent flag of convenience to which some old-fashioned white supremacists are busily trying to attach themselves.

Also, the alt-right is not Donald Trump and his Trumpkins, either. He’s an equally old-fashioned populist continuous with William Jennings Bryan and Huey Long. If you tossed a bunch of alt-right memes at him, I doubt he’d even understand them, let alone agree.

The defining characteristic of the alt-right is, really, corrosive snarkiness. To the extent an origin can be identified, it was as as a series of message-board pranks on 4chan. There’s no actual ideological core to it – it’s a kind of oppositional attitude-copping without a program, mordantly nasty but unserious.

There’s also some weird occultism attached – the half-serious cult of KEK, aka Pepe, who may or may not be an ancient Egyptian frog-god who speaks to his followers via numerological coincidences. (Donald Trump really wouldn’t get that part.)

Some elements of the alt-right are in fact racist (and misogynist, and homophobic, and other bad words) a la KKK/Nazi, but that’s not a defining characteristic and it’s anyway difficult to tell the genuine haters from those for whom posing as haters is a form of what 4chan types call “griefing”. That’s social disruption for the hell of it.

It is worth noting that another part of what is going on here is a visceral rejection of politically-correct leftism, one which deliberately inverts its premises. The griefers pose as racists and misogynists because they think it’s the most oppositional stance they can take to bullies and rage-mobbers who position themselves as anti-racists and feminists.

My sense is that the true haters are a tiny minority compared to the griefers and anti-PC rejectionists, but the griefers are entertained by others’ confusion on this score and don’t intend to clear it up.

As has been pointed out many times, the habit of all too many on the left to describe anyone to the the right of them politically as being racist, sexist, homophobic, Islamophobic, etc., has reduced the effectiveness and even encouraged otherwise sensible people to start describing themselves in those terms. In the same way that the epithet “fascist” no longer has any meaning beyond “something or someone I don’t like”, these other terms have also lost much of their power through massive over-use.

December 9, 2016

Global anti-libertarianism

Filed under: Liberty, Politics — Tags: , , , , — Nicholas @ 03:00

Tom G. Palmer on the rising tide of anti-libertarian parties, organizations, and groups around the world:

A spectre is haunting the world: the spectre of radical anti-libertarian movements, each grappling with the others like scorpions in a bottle and all competing to see which can dismantle the institutions of liberty the fastest. Some are ensconced in the universities and other elite centers, and some draw their strength from populist anger. The leftist and the rightist versions of the common anti-libertarian cause are, moreover, interconnected, with each fueling the other. All explicitly reject individual liberty, the rule of law, limited government, and freedom of exchange, and they promote instead radical, albeit aggressively opposed, forms of identity politics and authoritarianism. They are dangerous and should not be underestimated.

In various guises, such movements are challenging libertarian values and principles across the globe, especially in Europe, in America, and in parts of Asia, but their influence is felt everywhere. They share a radical rejection of the ideas of reason, liberty, and the rule of law that animated the American Founding and are, indeed, the foundations of modernity. Those who prefer constitutionalism to dictatorship, free markets to cronyist or socialist statism, free trade to autarchy, toleration to oppression, and social harmony to irreconcilable antagonism need to wake up, because our cause and the prosperity and peace it engenders are in grave danger.

THREE THREATS

At least three symbiotic threats to liberty can be seen on the horizon: a) identity politics and the zero-sum political economy of conflict and aggression they engender; b) populism and the yearning for strongman rule that invariably accompanies it; and c) radical political Islamism. They share certain common intellectual fountainheads and form an interlocking network, energizing each other at the expense of the classical liberal consensus.

Although all those movements are shot through with fallacies, especially economic fallacies, they are not driven merely by lack of understanding of economic principles, as so many statist interventions are. While most support for the minimum wage, trade restrictions, or prohibition of narcotics rests on factual misapprehensions of their consequences, the intellectual leaders of these illiberal movements are generally not thoughtless people. They often understand libertarian ideas fairly well, and they reject them root and branch. They believe that the ideas of equality before the law, of rule-based legal and political systems, of toleration and freedom of thought and speech, of voluntary trade — especially among strangers — for mutual benefit, and of imprescriptible and equal individual rights are phony, self-interested camouflage for exploitation promoted by evil elites, and that those who uphold them are either evil themselves or hopelessly naïve.

H/T to Johnathan Pearce for the link.

The Trudeau government’s bad times

Filed under: Cancon, Media, Politics — Tags: , , , — Nicholas @ 02:00

Chris Selley on the (largely self-inflicted) hard times of Justin Trudeau’s government recently:

It has been one hell of a couple of weeks for the Liberal Party of Canada: first Prime Minister Justin Trudeau’s bizarre encomium to dearly departed Fidel; then the approval of two pipelines projects, dashing the oil-free dreams of people who hadn’t been paying attention and producing thousands of barrels of fake outrage; and then, the inevitable collapse of the government’s electoral reform agenda.

It was always going to look bad. The Liberals were always going to break their promise to make 2015 the last first-past-the-post election. Perhaps they had even contemplated their members on the electoral reform committee recommending they break it, by adopting a go-slower approach. But no one, surely, anticipated Democratic Institutions Minister Maryam Monsef accusing the committee as a whole of not doing the job she had set out for them, which they had; mocking the Gallagher Index, an easily explicable formula for measuring proportionality in election results; and justifying herself with shameless bafflegab that would make Paul Calandra blush.

[…]

Monsef later apologized for accusing committee members of slacking, Manon Cornellier notes in Le Devoir, but not for misrepresenting their mandate, mocking mathematics — as an emissary of the party of “evidence-based policy,” no less — and generally behaving like a buffoon.

“(Monsef’s) beef with the Gallagher Index isn’t that it only measures proportionality. Her beef with the Gallagher Index is that it’s math, with its sums of squares and square roots and symbols that are literally Greek,” Fine fumes. It’s a worrying outburst of idiocy, she argues. Monsef and her ilk talk constantly of “engagement,” but that’s a very difficult thing to measure. “At the intersection of ‘affinity for engagement’ and ‘contempt for metrics’ is fertile breeding ground for leaders who wish to make up their own rules,” Fine trenchantly observes.

QotD: Protest-theatre in Alberta

Filed under: Cancon, Media, Politics, Quotations — Tags: , , , — Nicholas @ 01:00

Protest-theatre is a creation of the political left, which uses it in an attempt to endow quotidian political fights with the dignity and importance of genuine popular struggles for fundamental rights. It is designed to endow debates over teacher pensions or hydraulic fracturing with the hysterical romance of revolution. In some cases, it is meant only to show that a movement is numerous enough to make trouble for own its sake.

It is, in other words, a form of cheap stakes-raising, with just a whisper of possible mob violence thrown in. The right, organized in this instance by Ezra Levant’s Rebel Media web-channel, is now borrowing the tactic. This was one of the Copernican political discoveries of the late Trump presidential campaign: a right-wing populist, if Trump is that, can use protest-theatre too.

The “lock her up” chant in Alberta’s capital was a sort of mangled, improvised collective allusion to Trump, whose crowds had chanted this about Hillary Clinton. They did that because Hillary Clinton has done a certain amount of stuff in her long political career that she probably could have been locked up for. I am not aware that this can be said of Premier Notley. She may have done unwise things, and has definitely made some inexplicable political errors, and may even have pursued unethical policies. But she has done it in legally legitimate ways, and her ministry has yet to face a major scandal in the traditional sense — an event that would have a reasonable person asking if the cops should be called.

Colby Cosh, “After the ‘lock her up’ fiasco, it seems Canada is fresh out of grown ups”, National Post, 2016-12-07.

December 8, 2016

David Hume’s suggestions for improving political discourse

Filed under: Politics, USA — Tags: — Nicholas @ 03:00

Megan McArdle thinks that both sides can benefit from some advice from 18th century Scotland:

Are you tired yet of hearing about what we need to do to fix American politics? The earthquake of Trump’s election has unleashed a torrent of such suggestions. Mostly, it turns out that we need to do whatever it was the author wanted us to do on the day before the election. Those few contributions that struck an original note have caused an eruption of white-hot molten outrage from former allies.

So it is with some trepidation that I offer yet another suggestion for improving the sad state of our political discourse: Study David Hume’s distinction between “is” and “ought,” a concept that a whole lot of people on both sides seem to be struggling with.

The 18th-century Scotsman was complaining that philosophical treatises often went along discussing things that are, and then suddenly jumped to discussing how things ought to be, without seeming to notice that these were quite different categories of argument. His work has been widely available for two centuries, and yet, a casual observer of political discourse will readily note political warriors confusing their goals (“ought”) with tactics that might achieve them (“is”).

For example, in a column last week (and in private for longer than that), I argued that however noble the goals that social justice warriors seek, total war against religious conservatives is probably not the right tactic to achieve them. Offering religious conservatives the choice of recanting their beliefs about sexuality or forfeiting their livelihood is apt to create fierce political resistance that could reverse recent victories. Even if you don’t place much value on religious liberty, even if you are outraged by the beliefs those people espouse, I argued that it is far better to adopt a live-and-let-live policy than to try to exterminate those beliefs by any means necessary.

December 7, 2016

Self-protection for women – “making the carrying of mace and pepper spray a sex-linked legal privilege”

Filed under: Cancon, Law, Liberty, Politics — Tags: , , , — Nicholas @ 02:00

Colby Cosh discusses the proposal of federal Conservative leadership hopeful Kellie Leitch to legalize the use of non-lethal chemical weapons:

… Leitch’s Thursday announcement struck me as a potentially elegant move in a hopeless chess game. Noting that a large number of women suffer physical violence over the course of their lives, she proposes that Canadians should be allowed to carry chemical mace and pepper spray for self-defence. “Women should not,” she wrote in a Facebook posting, “be forced by the law to be victims of violence when there exist non-lethal means by which they can protect themselves.”

That’s a true statement, no? Leitch does not suggest that the carrying of chemical spray weapons should be a benefit reserved only to women — she just wants to legalize those weapons generally. Perhaps I am a little more feminist than she is: I would be comfortable making the carrying of mace and pepper spray a sex-linked legal privilege. Hell, I would consider extending it to very small firearms.

Activists for feminism are continually characterizing the world of women as one of terror, abuse, and uncertainty. For Leitch to take them at their word, applying a tough-on-criminals spin, is an authentic Trump touch. I do not wholly approve of the tactic, but, as much as I think some feminists are attention-hungry zanies, I recognize the kernel of truth in their image of the universe. I’ve never had a close female friend who could not tell of bizarre, creepy, threatening things happening to them — sights and encounters that, to a male with an ordinary upbringing, seem to have wriggled from the corner of a Hieronymus Bosch painting.

Leitch got exactly the response she must have wanted from the Liberal Status of Women Minister Patty Hajdu, who blurted that giving women extra self-defence options was “putting the onus on” them, and thereby “offensive.” I find this is an odd way to raise the status of women — suggesting that if some of them might like to carry a can of mace in their purses, and could even be trusted by the authorities to use it responsibly, they are thereby dupes of the patriarchy.

I also enjoyed Colby’s description of Leitch’s “Trump-flavoured” campaign: “it’s like a bag of boring snack chips with a chemical dash of Southern spice exhaled over it. And I can’t help suspecting that there is something slightly phony about the media panic surrounding her candidacy.”

December 4, 2016

Conservative leadership race – Bernier and Chong at the “grownups’ table”

Filed under: Cancon, Politics — Tags: , , , — Nicholas @ 02:00

Chris Selley surveys the competition for federal Conservative leader:

Kellie Leitch has won the most headlines thus far, thanks to her store-bought populist appeal to suspicions about immigrants’ values and grievances with the political establishment. Campaign manager Nick Kouvalis is playing the media like a fiddle: at every mention of screening immigrants for “Canadian values” we squeal and writhe with high-toned outrage, incredulity and mockery. Kouvalis simply collates it, presents to the considerable majority of Canadians who think it’s a perfectly reasonable idea, and asks if they would support both the policy itself and the policy sticking in the craw of these jumped-up “elites.” The answer in many cases seems to be yes.

At the grownups’ table, however, a proper battle for the sanity and the soul of the Conservative Party of Canada has taken shape. Michael Chong reminds party supporters that a fiscally conservative party that claims to want to fight climate change should support market-based tools to get the job done — the simpler the tool (i.e., a carbon tax), the better. As leader, Chong could credibly hold a Liberal government to account for its less-than-pure commitment to carbon pricing and its inevitable failure to meet emissions targets.

Maxime Bernier reminds Conservatives that in 10 years, the party did almost nothing about Canada’s insane supply management systems. There is a constituency that believes a free market in dairy would of necessity pump our children full of bovine antibiotics, hormones and steroids. There is a much larger constituency that trusts Canada’s food safety system and would prefer cheaper groceries. If a conservative party can’t sell free markets when the upside is cheaper groceries and the downside is inconvenienced millionaire quota owners, it should close shop.

Bernier planted himself even more squarely in the Canadian policy mainstream with his recent proposal to reform the CBC as an ad-free broadcaster focused on “what only it can do” in a modern media market: he suggested more local programming, documentaries and foreign correspondents, “more programs about science, history, or religion.” He proposed a funding model like NPR and PBS, which rely heavily on private and corporate donations.

For the record, I don’t think carbon taxes are the way to go, as experience should tell us that governments rarely if ever bring in “revenue neutral” tax changes, and the carbon tax would end up being added to existing tax tools, rather than replacing them. I’m also on the record as being a fan of Mad Max for PM (although I’m not a Conservative, he’s the most libertarian mainstream politician since Laurier).

December 3, 2016

Capitalists and communists

Filed under: Bureaucracy, History, Politics — Tags: , , , — Nicholas @ 02:00

David Warren notes an odd similarity:

The last generation of Communists in power, in the Soviet Union and elsewhere, suffered from a debilitating foible. They did not themselves believe in the ideology they were preaching. Their efforts were thus directed to getting around the realities their forebears had not anticipated. They thus became their own enemies, working against their own unworkable socialist principles, and in the course of their tireless if frazzled ministrations, the Berlin Wall came down.

Capitalism suffers from the same problem today. The principles of Adam Smith are not seriously believed by any of its nominal advocates. They are not even known. Nor could they be, for like Marx, Smith is not even read. I have derived pleasure, on many occasions, from pointing out to some ideological enthusiast for Capitalism, that its supposed author was refulgently opposed to joint-stock companies. Which is to say, to the form of business ownership that controls — oh, I don’t know — ninety-five percent of the so-called “private sector” economy today?

I observed that, apart from any consideration of morality (and he was, after all, only an amateur economist, but a professional Perfesser of Moral Philosophy), Smith believed that joint-stock companies were inefficient, because essentially bureaucratic. This is inevitable when ownership is separated from management. “Growth,” or Bigness, subtly replaces profit (both mercenary and non-mercenary) as the principal aspiration.

As a general rule of thumb, when you want to get something done, use the smallest possible organization to achieve your desired goal. I always found it a warning sign of future decline when small companies I worked for started to take on the trappings of bigger companies … when the bureaucratic rot began to set in. In some cases, just the transition to having an “HR Department” (rather than managers hiring directly) was enough to trigger bureaucracy growth and efficiency losses.

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