Here’s a question: Are natural or manmade disasters good for the economy? Dr. Larry Summers, top economic adviser to President Obama, said about the Kobe, Japan, earthquake: “(The disaster) may lead to some temporary increments ironically to GDP as a process of rebuilding takes place. In the wake of the earlier Kobe earthquake Japan actually gained some economic strength.” After devastating Floridian hurricanes, it’s not uncommon to read newspaper headlines such as “Storms create lucrative times”, or “Economic growth from hurricanes could outweigh costs”, or “It’s a perverse thing … there’s real pain, but from an economic point of view, it is a plus”. Then there’s Nobel Laureate Paul Krugman who wrote in his New York Times column “After the Horror”, after the 9/11 attack, “Ghastly as it may seem to say this, the terror attack — like the original day of infamy, which brought an end to the Great Depression — could do some economic good”. He went on to explain that rebuilding the destruction would stimulate the economy through business investment and job creation.
One would never hear my colleagues in George Mason University’s economics department spouting such insanities. Just ask yourself whether the Japanese economy would have faced even greater opportunities for economic growth had the earthquake also struck Tokyo, Hiroshima, Yokohama and other major cities? Would the 9/11 terrorists have made a greater contribution to our economy had they also destroyed lives and buildings in Chicago, St. Louis, Los Angeles and Atlanta? The belief that a society benefits from destruction is sheer lunacy.
French economist Frederic Bastiat (1801-1850) explained it in his pamphlet “What is Seen and What is Not Seen”. He said, “There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen”. That’s why my George Mason University colleagues are good economists.
Walter E. Williams, “Economics Reality”, Townhall.com, 2020-02-04.
February 5, 2025
QotD: Economies and disasters
February 4, 2025
Trump tariff diary, days 2 and 3
Posted to social media yesterday:
To celebrate Groundhog Day, Governor Trudeau wore commemorative Groundhog-themed socks. Governor Trudeau’s announced counter-tariffs seem to have made no difference to the Big Orange Meany, so the Great State of Canada proceeds with plans to annex Guam and American Samoa. China has indicated interest in purchasing Vancouver Island or leasing the naval base in Esquimault. The National Post‘s Tristin Hopper suggested “Spend 10 years relentlessly kneecapping the Canadian economy for no reason to show Trump we’re not scared of him”, but we’ve already done that.
Today’s tariff diary entry was going to be:
Reports indicate that the Mexican government is folding to Trumpian pressure. Governor Trudeau insists he won’t budge, regardless of the economic damage to Canadian consumers … what a hero! A few of us may lose our jobs, our businesses, and our economic futures, but he’s willing to take that risk. Update: Trudeau folded like the cheap suit he so resembles. Tariff war on hold for 30 days as Trudeau looks for a way to sign the terms of surrender without any blame attaching to him or his party … he’ll probably blame the provincial governments and the federal NDP (who’ll still support him in Parliament, regardless).
… But the “pause” in tariff enforcement may be enough to let Trudeau and the Liberals — with the active connivance of the bought-and-paid-for Canadian legacy media propagandists — portray this as a great national victory and attempt to turn it into votes for Liberal candidates in the next federal election. I’d love to be proven too cynical here, but the Liberal track record isn’t good.
The FN C1A1 – Workhorse of the Cold War Canadian Army
On Target Canada
Published 20 Jan 2020Time to get a closer look at a rifle I have spent a lot of time with in the past. The FN C1A1, used by the Canadian Army from the mid 1950s to the late 1980s.
Enjoy!
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QotD: The American political spectrum
Then on the right you have (4) Right-liberals (“Classical liberals”), who share liberalism with groups (2) and (3) but reject (or at least substantially challenge) the idea that society can be “engineered” with positive results. This group largely left the Republican party between 2016 and the present (though some were already libertarians). Notably, (3) and (4) in the United States tend to share hawkish anti-authoritarian, anti-communist foreign policy views; this is where the foreign policy “blob” lives. To their right are (5) Traditionalist Conservatives. Because the United States was founded as a liberal country, they tend to still hold some liberal views (and respond well to liberal, “freedom-centered” framing) but their main ideological commitment is generally conservative in its literal meaning of being traditionalist, desiring things to not change or to recover that which has changed and there is a willingness to compromise on liberalism in the pursuit of that. This, I’d argue, is where the core of the Republican Party currently exists. Finally, you have (6) Right-Authoritarians, who come in various forms based on the authority they believe ought to structure society, e.g. populist authoritarians are fascists, whereas Catholic religious authoritarians are integralists and so on. But the core idea here is that there exists an authority, be it the “national will” (invariably channeled by an individual charismatic leader and often herrenvolk in nature) or tradition or the church or whatever else, which has a right to structure society which supersedes individual liberties. For our purposes, they key is they generally despise liberalism because it places limits on that authority. They tend to insist that liberalism makes societies weak even as liberal societies pound their favorite dictators into dust over and over again.
To put the spectrum another way, we might think in terms of publications: Jacobin (1) <-> Vox (2) <-> The Atlantic (3) <-> The Bulwark/Dispatch (4) <-> National Review (5); few major publications openly identify as being in (6) in the United States, but you can see editors at The Federalist or First Things platform political visions that [derive] from it. To the degree to which “horse-shoe theory” works it is because the thing that The Left and the Right-Authoritarians have in common is that they believe in an effectively unlimited claim on the individual by the community, whereas the core of liberal ideology is that the social claim on the individual is and must be limited.
Bret Devereaux, In a footnote to “Collections: The Philosophy of Liberty – On Liberalism”, A Collection of Unmitigated Pedantry, 2024-07-05.
February 3, 2025
A New World Order – War 2 War 01 – Q4 1945
TimeGhost History
Published 1 Feb 2025World War Two is over. The anti-Axis alliance has promised that their victory shall usher in a time of peace, stability, and freedom. They have pledged to uphold new values of humanity, tolerance, solidarity, and the right to self determination. Have they spoken the truth or has it been a string of lies all along?
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Rational response to Trumpish provocations? Don’t be silly, we must run in circles with our hair on fire!
My first entry in the “Trump tariff diary” on social media perhaps takes the situation too flippantly:
President Trump trolled Justin Trudeau about Canada becoming the 51st state.
Trump tariff diary, day 1: Governor Justin Trudeau of the Great State of Canada struck back at the Big Orange Meany by wearing particularly fashionable socks to his press conference. Ontario will remove all bottles of Jack Daniels from the government liquor monopoly distribution system. The American national anthem will be formally booed at all NHL games played in Canada from now on.
At the National Post, Tristin Hopper offers much more substantive and serious suggestions:
Order Ryan Reynolds to defame American directors until free trade is restored.
Spend 10 years relentlessly kneecapping the Canadian economy for no reason to show Trump we’re not scared of him.
Politely suggest that the U.S. may have confused us with China. Say that although both countries start with the letter C, China is the one seeking to destroy American hegemony via economic means, and we’re just an obsequious neighbour who sells them raw materials.
As a gesture of fealty to American continental supremacy, immediately adopt the U.S. Constitution as Canadian law. Uphold it about as loosely as our existing constitution so there’s no material change.
Volunteer an honour guard of Mounties to serve alongside the Secret Service. Force them to wear red serge if Trump asks.
Offer to pillory a Trudeau at Mar-a-Lago if the tariff threats stop, but don’t specify which one.
Put sugar in the crude oil so all the U.S. refineries seize up.
Instead of shutting off Canadian electricity exports, export too much electricity so that their toast burns and the coffee is too hot.
Send Trump a bentwood box filled with smoked salmon as a gesture of goodwill. When he opens it, it’s just filled with bees.
On a rather more serious note, PPC leader Maxime Bernier posted this on the social media platform formerly known as Twitter:
It’s important to understand that the 25% tariffs announced by President Trump today are NOT imposed on Canada — they will be paid by American consumers and businesses who buy goods imported from Canada. Tariffs are a tax, and Americans who will have to pay more or go without our products will be the first to suffer.
Of course, Canadian exporters of these goods will as a consequence lose clients, contracts and sales, and will be forced to cut down on production and lay off workers. Or they will lower their prices to keep market shares and will see their profits diminish.
Because 75% of our exports go south of the border, our economy will for sure be very negatively impacted by this.
The stupidest thing our government can do however to deal with this crisis is to impose the same kind of tariffs “dollar for dollar” against US imports.
The US economy is ten times bigger than ours, much less reliant on trade than ours, and much less dependent on our market than we are on theirs.
Not only would retaliatory tariffs have much less impact on American exporters, they would immediately impoverish Canadian consumers forced to pay more for imported goods, as well as destabilize Canadian businesses that need inputs from the US in their production processes. It would more than double the harm of the US tariffs to our economy.
Trade wars are bad for everyone, but they are much worse for a small country with fewer options. We simply cannot win a trade war with the US. It’s very unlikely that Trump will back down. All we will do is provoke a massive economic crisis in Canada, until we are forced to capitulate.
Another self-destructive thing to do would be to set up giant “pandemic-level” bailout plans to support everyone affected by this trade war. This will simply bankrupt our governments even more than they already are and make us even weaker.
So what should we do?
1. Double down on efforts to control our border, crack down on fentanyl dealers, deport all illegals, and impose a complete moratorium on immigration, to answer Trump’s immediate concerns about Canada.
2. Tell the US administration that we are ready to renegotiate North American free trade and put dairy supply management and other contentious issues on the table.
3. Wait and see to what extent Trump is willing to keep tariffs in place despite the harm it does to the US economy. Despite his pretenses that Americans don’t need our stuff, the reality is that on the contrary they have few other options for crucial resources like oil, lumber, uranium and other minerals, etc. He will stop acting like a bully when he sees that he can get more results by sitting down and negotiating.
3. To reduce our dependence on the US market, immediately implement an ambitious plan to tear down interprovincial trade barriers and help our impacted exporting industries find alternative markets in other countries.
4. Immediately implement a series of bold reforms to make our economy more productive, including: reduce corporate and personal taxes, abolish the capital gains tax, abolish all corporate subsidies, get rid of excessive regulation, remove impediments to the exploitation and export of natural resources, drastically cut government spending, mandate the Bank of Canada to stop printing money and start accumulating a gold reserve to prepare for the global monetary reset (which is likely part of Trump’s plan).
In short, instead of adopting a suicidal strategy to confront Trump, we must do what we should have done a long time ago to strengthen our economy and our bargaining position. The transition will be rough, but not as much as complete bankruptcy and disintegration.
My strong suspicion is that Trump’s extended tantrum directed at Canada is actually a way to provide pressure against other future tantrum targets … “if he’d do that to friendly neighbour Canada, what won’t he do to us?” An updated version of Voltaire’s quip that Britain needed to shoot an admiral every now and again pour encourager les autres.
Coyote Blog facepalms over Trump’s self-sabotage of the US economy:
Trump’s first few weeks have been a mix of good and bad for this libertarian, all against a backdrop of horror at how Imperial the presidency has become. […] Because we are all tired of those fentanyl-toting Canadians crossing the border illegally. I mean, we all saw the Proposal and know how all those Canadians are trying to cheat US immigration law.
Seriously, this is beyond awful — and not just because of the threat of retaliation, though that is real. Even if all the affected countries roll over and accept these modified tariffs without response, this is still a terrible step for the US. No matter how Trump and his very very small group of protectionist economist friends sell this, this is a tax on 300 million US consumers to benefit a small group of producers. I don’t have time right now to give an updated lesson on free trade — that will have to wait for when I am not on vacation. But I will offer a few ironies:
- After campaigning hard on inflation, Trump is slapping a 10-25% consumption tax on foreign goods. That is a straight up consumer price increase for a variety of key products including much of the lumber we use to build homes, a lot of our oil and gas, a lot of our grain and beef, and many of our cars and appliances.
- Much of this inflation is going to disproportionately hurt Trump’s base. No one is going to care much if a Hollywood actor has the fair trade coffee they buy at Whole Foods go up in price, but Trump voters are going to see a direct effect of this on prices at Wal-Mart.
- Republicans have spent 4 years (rightly) condemning Federal and State governments for the economic disruptions of COVID lockdowns and restrictions. While some of the inflation of the last 4 years was due to ridiculously high government deficits, another major cause was the COVID supply chain disruptions. And now Trump is voluntarily recreating them.
The only small hope I have is that Trump is steeped from his business career in a certain style of brinksmanship bargaining that consists of taking an entirely destructive and irrational position in hopes that they folks on the other side of the table will back down and give him more than he should. My son won poker tournaments like this because he would do so much crazy stuff that no one at the table wanted to challenge him. I have always said that I don’t think Trump is a particularly good business person — he has run business after business that has failed. But he is a good negotiator, and has exited numerous bankruptcies with his creditors giving him far more than one would think was necessary.
Roman Senior Army Officers and their careers
Adrian Goldsworthy. Historian and Novelist
Published 1 Oct 2024Today’s question is about the career paths for senatorial and equestrian officers in the Roman army. This is a big theme, so take this as an introduction. We will return to this topic in the future.
QotD: Illiteracy then and illiteracy now
In the not too distant past, people who were illiterate could neither read nor write. These days they can, with disastrous results for the culture.
He quoted his own old friend Stephen Vizinczey:
No amount of learning can cure stupidity, and formal education positively fortifies it.
David Warren, “On paper logic”, Essays in Idleness, 2020-02-22.
February 2, 2025
HMS Hood – Death in 17 Mins – The Bismarck Part 2
World War Two
Published 1 Feb 2025On May 24, 1941, the Kriegsmarine‘s mighty battleship Bismarck goes head to head with the Royal Navy’s HMS Hood. Seventeen minutes later, just one of the steel titans is left afloat and 1,400 men are dead.
Special thanks goes to the HMS Hood Association, to learn more about HMS hood visit hmshood.org.uk
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Captain Trumpmerica versus the Post-national Maple Protectionists
Donald Trump has made picking fights with the corrupt oligarchs of Mexico and Canada a key part of his appeal to American voters. Canada used to be a proud nation, but after years of deliberate mismanagement and stubborn opposition to innovation and growth, we’ve become — as Justin Trudeau so smugly put it — the first “post-national state” that has “no core identity [and] no mainstream”, because we’re a plaything for the WEF and other transnational organizations. Elizabeth Nickson calls us a “failed state” and that swapping in globalist WEF’er Mark Carney for globalist WEF’er Justin Trudeau will make no positive difference:
25% tariffs will ruin us. The tariffs mean one million small businesses — all which sell to the U.S. — will contract and many will close their doors. And then Trump, as he promised the unions, will pull “our” auto industry. Then we’re done.
Who is to blame for this?
The following is going to be crude because Canada is so boring (that’s deliberate) that no one cares. There are a thousand ultra-complex rationales on why Canada is failing and all they do is obfuscate. I’m not pulling punches, softening rhetoric — it is bad. It is urgent. This is the death of something that 75 years ago was shining, sunlit, exciting. That country? That country was killed by the Laurentian elite, weak, cosplaying Marxism to stay in power, themselves outwitted by investment bankers who plan to steal everything not nailed down. In so doing new elements were forcibly injected into the population: envy, resentment of the successful, sloth, the refusal to grow up, be strong and independent. We effectively sit on top of the U.S., seething with envy, in wet diapers.
We are a broken country. Everyone who understands the world knows this. The only people who don’t are deluded Canadian socialists, which is to say our entire elite and all our “knowledge class”. Dissent is ignored. Or jailed.
Central banker Mark Carney, WEFer paramount, is being parachuted into the Liberal party in order to sell us off to the investment banks who will harvest us for our resources. Our people? Future serfs in Special Enterprise Zones. We already have the regulation in place. No taxes, no worker rights, no enviro controls, no self-determination, no agency, no freedom. Time frame? Ten years, twenty at the outside. The inevitable end of hard-core socialism.
That is what Carney did to Canada in the ‘08 crisis, a crisis entirely created by larcenous government and investment bankers: he loaded us up with so much debt that the moment the economy turned, the working class — and Canada is now 75% working class — paid for it through interest rates so high they crippled and broke every middle class family with a mortgage. Then, he moved to England and did it to the English. His name there? Mark Carnage. During the ’08 crisis, he in Canada and the UK and Obama in the US transferred trillions in public wealth to the investment banks to keep them going after the worst crisis since ’29. A crisis they caused. That was the people’s money, not theirs.
However, as Peter Menzies points out, our Laurentian Elite are still 100% protecting us from the baleful influence of American culture … well, the commercial bits anyway:
Next Sunday, the federal agency responsible for the flourishing of national culture and identity will be swamped with complaints. The grumbling will emanate from Canadians enraged they can’t get more American culture. Yes, America may be in the process of humiliating Canada as its lamest of lame duck leaders, Prime Minister Justin Trudeau, waddles into the sunset. And, for sure, most of us are mortified that U.S. President Donald Trump has chosen to make an example of us as he launches his mission to bring the globe to heel and Make America Great Again.
But the bitching directed in the days to come at the Canadian Radio-television and Telecommunications (CRTC) headquarters in Gatineau will originate from Canadians angry they can’t watch American Super Bowl TV ads along with the game. A perennial contender to be the most watched TV event in Canada, the Super Bowl also has traditionally been the most controversial event on the CRTC’s calendar.
The USA can slap us silly with tariffs. It can send hundreds of thousands of us into unemployment and despair. It can mock our disinterest in maintaining the essentials of nationhood and drive us into unsustainable debt. Trump can brutalize our national esteem and taunt us for our cavalier attitudes towards the defence of our sovereignty. And he can lick his big beautiful lips while pondering our potential as the 51st state.
But what will really light us up Feb. 9 will be being unable to watch Meg Ryan and Billy Crystal reinvent their famous restaurant scene from When Harry Met Sally or Michelob Ultra’s production starring Willem Dafoe and Catherine O’Hara as a couple of pickleball hustlers. Or Matthew McConaughey channeling legendary Chicago Bears coach Mike Ditka for Uber Eats. And the Clydesdales. Everyone loves those Budweiser Clydesdales, particularly the cute little foal making a debut.
It doesn’t matter that the ads cost $7 million U.S. (which will convert into heaven only knows how many bazillion loonies in the months ahead) for a 30-second spot. Or that for more than a decade many of the commercials have been available on YouTube. Canadians don’t want to watch a Super Bowl adorned with Government of Ontario and Maple Leaf Foods ads. They want to watch the game like real Americans and relish the full, unfettered American experience.
At the National Post, a sad recounting of just how badly we’ve been let down by our politicians — and not just recently … this is a decades-long list of conscious self-harm for short-term domestic political advantage:
Bold counter-attacks against the U.S. can’t work, because all the ideas Canada could have put into action to make such a response viable are collecting dust on the cellar shelf. Drop interprovincial trade barriers that amount to a $200-billion penalty on the national economy every year? That only became a serious conversation in the last month. It should have been a serious conversation 10 years ago, if not more.
End supply management? Out of the question — think of the Quebec votes such a move would cost. The Big Milk lobby is a strong one.
How about resource development? Because Canada is ultimately a resource-exporting economy? No; we’ve been cancelling energy projects at the slightest objection and building more legislation to stand in their way. Industries like mining and fishing, already mired in growth-choking regulations, are increasingly refashioned by governments into welfare and “reconciliation” initiatives, repelling private investment that would have brought prosperity to the country as a whole.
Diversify away from the Americans? We’ve only done the opposite: since 2017, Canadian trade has become more focused on the U.S.
Canada should be a prosperous, growth-oriented economy, but instead, its government — and the people who continuously vote for economy-stagnating policy — settle for subsistence and redistribution of a shrinking pie of wealth. Their choices for the past decade have left us without enough fat to get through a cold trade winter.
Prompt retaliatory counter-tariffs are hence unwise. Such a move would put Canadians in the path of two separate blows, one from the front, the other from the back. And while immediate counter-tariffs could affect Americans whose support the president depends on — as was the case in the 1930s, when Canadian counter-tariffs prolonged the American Great Depression (while inflicting domestic pain) — those Americans have much bigger economic fat stores. In a trade war of attrition, expect Canada to lose.
That leaves us, unfortunately, with the less-glamourous immediate option: play this by the book. The United States-Canada-Mexico free trade agreement, which will be violated by any across-the-board tariff Trump applies, needs to be challenged with the mechanisms agreed upon by party states. During the process, Canada must remind Trump that it’s just following the agreement that he made.
Hierapolis: a city encased in stone
Scenic Routes to the Past
Published 18 Oct 2024Hierapolis — modern Pamukkale, Turkey — was built over hot springs. During the Middle Ages, these encased much of the city in gleaming travertine.
See my upcoming trips to Turkey and other historical destinations: https://trovatrip.com/host/profiles/g…
QotD: Tariffs
Walter E. Williams, “Economics Reality”, Townhall.com, 2020-02-04.
February 1, 2025
DOGE’s first week
J.D. Tuccille on the odd position DOGE finds itself in, as many Americans seem conflicted about cutting back the federal government:
The new Department of Government Efficiency (DOGE) is off to a quick start, if we consider the advisory board’s claimed savings in federal spending and the voluntary buyout of workers that could reduce the ranks of federal employees with a minimum of drama. But while the public agrees that corruption, inefficiency, and red tape are serious problems for the government, DOGE itself enjoys mixed popularity and majorities believe the government spends too little on big-ticket items, leaving little room for savings. The American people themselves are a big obstacle to paring the federal government to size.
DOGE Off to a Good Start
“DOGE is saving the Federal Government approx. $1 billion/day, mostly from stopping the hiring of people into unnecessary positions, deletion of DEI and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders,” the DOGE X feed boasted this week. “A good start, though this number needs to increase to > $3 billion/day.”
The Trump administration also sent a letter to the majority of the federal government’s roughly three million workers, offering a “deferred resignation” plan. Those who accept the deal could stop working for the government as of February 6 and still be paid through September of this year. The administration expects up to 10 percent of workers to take the offer. The voluntary nature of the plan blunts inevitable complaints from unions about “purging the federal government of dedicated career civil servants”.
We will have to see what the results will be in the coming months and years. But if that works out, it’s a pretty good launch for an administration and its advisory board that are less than two weeks old. Unfortunately, Americans aren’t sure where they stand on all this.
The Public Frets About Corruption, Inefficiency, and Red Tape …
According to AP-NORC polling, majorities believe that corruption (70 percent), inefficiency (65 percent), and red tape such as regulations and bureaucracy (59 percent) are “major problems within the federal government.” These findings square with the results of other surveys revealing that “nearly 2/3 of Americans fear that our government is run by corrupt officials” (Babbie Centre at Chapman University, Spring 2024), that 56 percent of Americans say government is “almost always wasteful and inefficient” (Pew Research, June 2024), and that “55% of Americans say the government is doing too much” (Gallup, November 2024). That’s exactly what the Trump administration created DOGE to combat, so it should be a good sign for the project.
But Americans are torn over DOGE. Asked by AP-NORC to share their opinions of “an advisory body on government efficiency led by Elon Musk and Vivek Ramaswamy” (before Ramaswamy left to run for office), only 29 percent support the venture while 39 percent oppose it. That seems to reflect its leadership. Fifty-two percent of those polled have an unfavorable opinion of tech titan Musk, while 36 percent view him favorably.
Why the hate? Musk’s problem may be that he’s a high-profile rich guy with things to say at a time when that type of person isn’t especially popular. Sixty percent of respondents believe it would be a bad thing “if the president relies on billionaires for advice about government policy”. That disapproval crosses over into opinions about DOGE, even if people say they support its goals.
China produced DeepSeek, Britain is mired in deep suck
In the Sean Gabb Newsletter, Sebastian Wang discusses the contrast between China’s recent release of the DeepSeek AI platform that appears to be eating the collective lunches of the existing LLM products by US firms and the devotion of the British Labour government to plunge ever deeper into their Net Zero dystopian vision:
Net Zero image from Jo Nova
For those few readers who may be unaware, DeepSeek is an advanced open-source artificial intelligence platform developed in China. Released in late 2024, it has set a new standard in AI, outperforming American counterparts in adaptability and capability. It excels in natural language processing, machine learning, and data analysis, and — critically — it is open source. Unlike the proprietary models that dominate the American tech landscape, DeepSeek allows anyone to adapt, improve, and use it as he sees fit. It’s not just a technological triumph for China; it’s a serious challenge to American domination of information technology and an opportunity for those who want to break free from the stranglehold of Silicon Valley.
As a Chinese person, I take pride in this achievement. It’s a testament to what my people can achieve with focus and ambition. But my concern is less about taking pride in what China has done and more about lamenting how little Britain has contributed to this revolution. Britain, the birthplace of the Industrial Revolution, seems to have no place in this new world of AI-driven progress. The question is why?
The answer is simple: The people who rule Britain have chosen decline. Crushing taxes on income and capital gains, and inheritance taxes, punish those who want to create wealth. Endless regulations stifle ambition, making it easier to conform than to innovate. Worst of all, there are the net zero policies, which have made energy costs the highest in the world, making electricity unaffordable and unreliable. Industries that depend on energy have been priced out of existence, and the dreamers and doers who might have built the next DeepSeek are being ground down by a system designed to reward mediocrity.
Net zero is not a noble goal born of misconception; it’s a disaster by design. It’s a wealth transfer scheme that takes from ordinary working people and hands billions to a small clique of green profiteers. The winners are the wind farm builders, the financiers running opaque carbon trading schemes, and the activists cashing in on government handouts. The losers are everyone else — families struggling to pay energy bills, businesses forced to close, and an entire country left unable to compete.
Compare this to China. DeepSeek wasn’t luck — it was the product of a system that rewards innovation. Electricity in China is cheap and reliable. Regulations focus on enabling progress, not blocking it. Ambition is celebrated, not treated as a threat. The ruling class there, for all its many and terrible faults, understands the value of creating wealth and technological self-reliance. Britain’s ruling class, by contrast, has abandoned the idea of building anything. They’d rather sit in the City of London, counting money made elsewhere, than see industry and innovation flourish in the country at large. They have chosen decline — not for them, but for us.
A century of war: The cartridge that remains deadly on today’s battleground
BFBS Forces News
Published 19 Oct 2024Say “7.62mm” when talking about rifle and machine gun rounds, and most people will think of the Nato cartridge that was introduced in 1954, but there’s a far older one that’s still in use – the 7.62x54mmR.
While the 7.62x51mm Nato cartridge was brought into service in 1954, the 7.62x54mmR dates back to 1891 in Imperial Russia.
Although this cartridge was developed in Russia, the “R” actually stands for “Rimmed” and this is what makes these two 7.62mm cartridges so different.
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