Quotulatiousness

February 2, 2022

Neil Young revives the PMRC

Filed under: Business, Government, Media, USA — Tags: , , , , , , — Nicholas @ 03:00

Jim Treacher invites you on a trip down memory lane to a time when musicians like Neil Young were [gasp!] against censorship:

If you’re Generation X or older, you might be getting flashbacks over this whole “Neil Young vs. Joe Rogan & Spotify” contretemps. On one side, we’ve got a popular public figure who’s expressing his thoughts and opinions, just as America’s Founding Fathers told us we get to do. On the other side, we’ve got a bunch of miserable old fuddy-duddies who want to shut down free speech because they believe it hurts people.

In other words, Neil Young just revived the PMRC.

If you don’t know what the PMRC was and you’re too lazy to google it, here’s the short version:

Back in the ’80s, a senator’s wife named Tipper Gore got sick of her kids listening to music she didn’t like, so she started an organization called the Parents Music Resource Center. The PMRC compiled a list of songs they found unacceptable, including “Darling Nikki” by Prince, “We’re Not Gonna Take It” by Twisted Sister, and “She Bop” by Cyndi Lauper. Then Tipper used her political connections to convince the Senate to hold hearings about this supposedly dangerous music.

A lot of Americans decided they liked what popular entertainers were saying, and a handful of busybodies tried to put a stop to it. “If we don’t want to listen to it, nobody should get to listen to it. We need to protect the helpless unwashed masses from themselves!”

Sound familiar?

But then this happened:

If you’ve got a half-hour to spare, you can watch Dee Snider’s entire Senate testimony here. By the time he was done, the PMRC had been exposed for the meddling, hypocritical clowns they were. Their brief moment of relevance was over, at the hands of a guy who looked like Bette Midler transitioning into a Wookie.

The PMRC did get a consolation prize, though: the “PARENTAL ADVISORY” sticker you can find on a lot of cassettes and CDs from the era. Y’know, the sticker that made kids want to listen to what was inside because their parents wouldn’t like it.

Over the next couple of decades, the PMRC ended up helping a lot of artists sell a lot of records. Like this one:

I remember seeing that CD cover for the first time and thinking, “Damn … this must be awesome.” And it was! If not for Tipper Gore, NWA might not have become superstars and Dr. Dre probably wouldn’t be a near-billionaire now.

November 4, 2021

QotD: The “Righteousness Fallacy”, California style

… the righteousness fallacy, which Barry Brownstein noted is rampant in modern politics and a key driver of democratic socialism.

The Righteousness Fallacy (also known as the fallacy of good intentions) is described by author Dr. Bo Bennett as the idea that one is correct because their intentions are pure.

It recently occurred to me that California is a perfect example of this fallacy. Consider these three facts about the Golden State:

  1. California spends about $98.5 billion annually on welfare — the most in the US — but has the highest poverty rate in America.
  2. California has the highest income tax rate in the US, at 13.3 percent, but the fourth greatest income inequality of the 50 states.
  3. California has one of the most regulated housing markets in America, yet it has the highest homeless population in American and ranks 49th (per capita) in housing supply.

That politicians would persist with harmful policies should come as little surprise. The Nobel Prize-winning economist Milton Friedman once observed the uncanny proclivity of politicians “to judge policies and programs by their intentions rather than their results”.

In his book Capitalism and Freedom, Friedman described the danger of such thinking.

    [The threat comes] from men of good intentions and good will who wish to reform us. Impatient with the slowness of persuasion and example to achieve the great social changes they envision, they’re anxious to use the power of the state to achieve their ends and confident in their ability to do so. Yet … Concentrated power is not rendered harmless by the good intentions of those who create it.

Jon Miltimore, “Data Show California Is a Living Example of the Good Intentions Fallacy”, Foundation for Economic Education, 2019-01-09.

October 27, 2021

QotD: China’s single child policy

China’s “single-child policy” is a world-class example of unintended consequences. Initiated by the Communist Party in September 1980 to control population, the policy forbade more than one child outside exceptional circumstances. It immediately ran up against cultural preconditions – in China, as in most of Asia, male children are prized for both economic and religious reasons. Females marry out of the family, which means they are not available to care for elderly parents. It is also up to the male child to maintain religious observances regarding ancestors to assure a worthy and stable afterlife. (This is still taken quite seriously even with China’s policy of national atheism.) The result was a wholesale massacre of females by both abortion and infanticide measuring in the millions. Today China has a surplus of males, officially acknowledged as being around 4% but probably much higher. This means that millions of Chinese men will never marry and, in many cases, will never have a girlfriend. This will inevitably lead to frustration, anger, and acting out. The Chinese version of Fight Club will be no joking matter.

Another effect is legions of older people with not enough of a younger population to support them, a social security problem that dwarfs any such in the West.

The Chinese solution is likely to be simplicity itself: shoot the punks and let the geezers starve. Either way, it means social upheaval.

J.R. Dunn, “The Myth of China as Superpower”, American Thinker, 2019-01-09.

September 9, 2021

When you mess around in a software testing environment … make sure it actually is a test

A British local government found out the hard way that they need to isolate their software testing from their live server:

A borough council in the English county of Kent is fuming after a software test on the council’s website led to five nonsensical dummy planning application documents being mistakenly published as legally binding decisions.

According to a statement from Swale Borough Council, staff from the Mid Kent Planning Support Team had been testing the software when “a junior officer with no knowledge of any of the applications” accidentally pressed the button on five randomly selected Swale documents, causing them to go live on the Swale website.

After learning what had happened, the council moved to remove the erroneous decisions from public display, but according to the statement: “Legal advice has subsequently confirmed they are legally binding and must be overturned before the correct decisions are made.”

Publishing randomly generated planning decisions is obviously bad enough, but the problems got worse for Swale when it was discovered that the “junior officer” who made the mistake had also added their own comments to the notices in the manner of somebody “who believed they were working solely in a test environment and that the comments would never be published,” as the council diplomatically described it.

So it was that despite scores of supportive messages from residents, the splendidly named Happy Pants Ranch animal sanctuary had its retrospective application for a change of land use controversially refused, on the grounds that “Your proposal is whack. No mate, proper whack,” while an application to change the use of a building in Chaucer Road, Sittingbourne, from a butchers to a fast-food takeaway was similarly denied with the warning: “Just don’t. No.”

The blissfully unaware office junior continued their cheerful subversion of Kent’s planning bureaucracy by approving an application to change the use of a barn in the village of Tunstall, but only on condition of the numbers 1 to 20 in ascending order. They also approved the partial demolition of the Wheatsheaf pub in Sittingbourne and the construction of a number of new flats on the site, but only as long as the project is completed within three years and “Incy Wincy Spider.”

Finally, Mid Kent’s anonymous planning hero granted permission for the demolition of the Old House at Home pub in Sheerness, but in doing so paused to ponder the enormous responsibility which had unexpectedly been heaped upon them, commenting: “Why am I doing this? Am I the chosen one?”

For their part, Swale Borough Council’s elected representatives were less than impressed by the work of their colleagues at the Mid Kent Planning Support Team and wasted no time in resolutely throwing them under the bus.

“These errors will have to be rectified but this will cause totally unnecessary concern to applicants,” thundered Swale councillors Roger Truelove, Leader and Cabinet Member for Finance, and Mike Baldock, Deputy Leader and Cabinet Member for Planning in a shared statement. “This is not the first serious problem following the transfer of our planning administration to Mid Kent shared services. We will wait for the outcome of a proper investigation and then consider our appropriate response as a council.”

August 29, 2021

Justin Trudeau discovers for himself the truth of Harold Macmillan’s dictum on the most difficult thing about being Prime Minister

Filed under: Asia, Cancon, Politics — Tags: , , , , — Nicholas @ 05:00

Former British Prime Minister Harold Macmillan was asked what was the most difficult thing about his job and is reported to have said, “Events, my dear boy, events.” Justin Trudeau had everything he wanted in the Canadian political situation in early August so he put his early election plans into action … and along came those unpredictable events:

“2019 Canadian federal election – VOTE” by Indrid__Cold is licensed under CC BY-SA 2.0

What would have happened in the election of 2021 if Afghanistan hadn’t fallen? If the writ had been drawn up just a few weeks before, or a few weeks after August 15, the day Kabul fell to the Taliban?

This is the sort of question political science nerds will debate over weak beer for decades to come. It’s no great mystery why the Liberals went forward with the election even as armed fighters began to stream into the capital city of a country in which Canadians have sacrificed so much time, blood and treasure.

But I can picture the scene in the war room now and the logic is inescapable. The meeting with the governor general had been set, the news leaked, the campaign messaging laid out, the suits pressed and the planes booked. Besides, as we all know: “nobody cares about foreign affairs.” That old cant, repeated, like a charm.

Most of the time, it’s true.

Canadians hadn’t thought about Afghanistan for a decade. We’d all stopped paying any mind to some poor nation on the dark side of the world, that disputed chunk of mountain and desert besieged by misery and war since the time of Alexander the Great.

Nobody cares about such things. Until they do.

And what’s the difference between a foreign affair that we care about, and one that we do not? The answer is not flattering. We are selfish and solipsistic creatures. We care about current events abroad when what’s happening has some connection to ourselves or our interests — or when the news reflects something about ourselves.

I would not be the first pundit to point out the parallel between the fall of Kabul and the death of Alan Kurdi, the three-year old Syrian refugee boy whose body washed ashore after drowning in the Mediterranean Sea in September of 2015, in the midst of the federal election that brought Justin Trudeau to power. That child’s doll-like body, face-down on a beach, destroyed us, and the tragedy was made more pointed with the discovery that his family had been trying to reach Canada. And that his asylum application had been rejected by officials in Stephen Harper’s government.

In our own bureaucratic nightmare, and Harper’s dispassionate response, we saw reflected our own lack of compassion.

What we are confronting now in Kabul is our lack of competence.

August 14, 2021

Great Moments in Unintended Consequences (Vol. 3)

ReasonTV
Published 7 May 2021

Good intentions, bad results.

——————
Follow us on Twitter: https://twitter.com/reason​

Reason is the planet’s leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won’t get from legacy media and old left-right opinion magazines.
—————-

Window Wealth
The Year: 1696
The Problem: Britain needs money.

The Solution: Tax windows! A residence’s number of windows increases with relative wealth and is easily observed and verified from afar. A perfect revenue generator is born!

Sounds like a great idea! With the best of intentions. What could possibly go wrong?

To avoid higher taxes, houses were built with fewer windows, and existing windows were bricked up. Tenements were charged as single dwellings, putting them in a higher tax bracket, which then led to rising rents or windowless apartments. The lack of ventilation and sunlight led to greater disease prevalence, stunted growth, and one rather irate Charles Dickens.

It took more than 150 years for politicians to see the error of their ways — perhaps because their view was blocked by bricks.

Loonie Ladies
The Year: 1992
The Problem: Nude dancing is degrading to women and ruining the moral fabric of Alberta, Canada.

The Solution: Establish a one-meter buffer zone between patrons and dancers.

Sounds like total buzzkill! With puritanical intentions. What could possibly go wrong?

It turns out that dancers earn most of their money in the form of tips, and dollar bills don’t fly through the air very well. Thus, the measure designed to protect dancers from degrading treatment resulted in “the loonie toss” — a creepy ritual where naked women are pelted with Canadian one-dollar coins, which are known as loonies.

Way to make the ladies feel special, Alberta.

Gallant Grocers
The Year: 2021
The Problem: Local bureaucrats need to look like they care.

The Solution: Mandate that grocery stores provide “hero pay” to their workers.

Sounds like a great idea! With the best of intentions. What could possibly go wrong?

Besides the fact that these ordinances may preempt federal labor and equal protection laws, a 28 percent pay raise for employees can be catastrophic to grocery stores that traditionally operate on razor-thin margins. As a result, many underperforming stores closed, resulting in a “hero pay” of sudden unemployment.

Don’t spend it all in one place!

Written and produced by Meredith and Austin Bragg; narrated by Austin Bragg

August 10, 2021

QotD: Government workplace regulations still envision the unionized 1930s factory as “normal”

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

Regulation can be sortof kindof tolerable in stable, predictable, and unchanging markets. But what markets act like that? In the labor regulation world, for example, regulatory authorities are doing everything they can to kill a wave of innovation in labor markets. As I tell everyone I discuss this with — regulators picture workers as punching a time clock in a Pittsburg mill with their supervisor right there and present every moment, with an on-site HR department, and a cafeteria with huge walls for posting acres of labor posters. Try to have any other relationship with your employees, and it will be like pounding a round peg into a square regulatory hole. Even something as staggeringly beneficial to worker agency like letting remote workers schedule themselves tends to run afoul of the shift scheduling laws that are sweeping through progressive jurisdictions.

Warren Meyer, “When Regulation Hammers Those It is Supposed to Benefit — A Real Example in California”, Coyote Blog, 2021-05-06.

July 30, 2021

The British government reaches deep into the bag of “nudge” tricks yet again

Britain’s public health boffins have got the government agitated enough to try major incentives to encourage British shoppers to buy healthier, lower-calorie foods. Tim Worstall explains that, because those shoppers are human beings, this suite of incentives won’t do at all what Nanny expects them to do:

Now consider how it has to work. You go shopping, you present your DimbleCard and gain points for the healthiness of that shopping basket. Lettuce and carrots galore, super, free ticket to London on the choo choo.

So, where are the chocco biccies? If you buy them when presenting your card then no choo choo for you. What happens?

The lettuce and the carrots are bought on the card, the chocco biccies are not. Everyone simply does two transactions, with DimbleCard and sans. Lots of free choo choo and no change, whatsoever, in diet.

Yes, of course people will do this. For that’s what people do. Survey the landscape of incentives in front of them then maximise their utility, the outcome, in the face of them. It’s a restricted rationality, restricted by knowledge, but it is there. Everyone will fiddle the system because that’s what it is to be human. Collecting the fire from the lightning strike is fiddling the universe, that’s just what we do.

This being why so many clever schemes to encourage or deter this or that just don’t work. This being why those detailed plans for men, if not mice, gang aft into idiocy. Because we out here, hom sap, will play whatever system there is to our benefit.

No, this will not work out like supermarket loyalty cards. Yes, it’s true, most of us do use them. But the incentive is for us to do so. The more we do use them then the more discounts we gain, the better off we are, even at the cost of that data. How does this new government one work? The less we buy of certain things the better off we are. So, less of those things will be bought using the cards.

It is not possible to insist that people must use the card to buy things. Well, not unless we’re about to descend into the dystopia desired by Caroline Lucas it’s not. There might be a card reader at the point of purchase but the supermarkets will not demand that a sale can only happen when a card is read.

Therefore there will be those sales which gain points which make prizes. There will also be those DimbleCardless sales which do not gain points, or even demerits, and are done without their being registered in the system.

April 14, 2021

Schrödinger’s photo ID requirements

Mark Steyn notes the odd inconsistency of US authorities insisting on or ignoring the need for photo ID for different demographics. So much for equal treatment in the United States.

“TSA Checkpoint” by phidauex is licensed under CC BY-NC-SA 2.0

Whenever you fly anywhere in America, you require picture ID — so that, when you get to the head of the great endless security line, the TSA agent can get out his jeweler’s loupe and examine how the ink lies on the paper. And, when he’s finished doing that, he can fish out his UV light to study the watermark on your ID.

Which is all bollocks even by the standards of American security-state bureaucracy. Why bother going to all the tedious trouble of fake ID when real ID is so easy to acquire? On September 11th 2001, four of the terrorists boarded the flight with genuine, valid picture ID issued by the state of Virginia and obtained through the illegal-immigrant day-workers’ network run out of the parking lot of the 7-Eleven in Falls Church.

If that didn’t get Americans mad about the cosseting of the undocumented, I doubt they’ll care a fig about this latest privilege. But I thought it worth mentioning anyway: While you’re stuck with the Loupe & Light guy poring over your ID, the federal government announced last week that migrants crossing the southern border will be permitted to fly within the United States without any valid ID. You’re on orange alert now and forever, they’re in the express check-in.

This is where selective enforcement of the laws always leads — to a broader contempt for all law, and an end to equality before the law. In 2021 no developed nation needs mass unskilled immigration. Some have it for historical reasons — a hangover of empire, as in Britain and France; some have it for sentimentalist pseudo-humanitarian reasons, as in Sweden and Norway. But neither of these rationales account for what the laughably misnamed Department of Homeland Security is doing at America’s southern border.

January 30, 2021

Obey your technocratic elites, peasant!

Scott Alexander considers some historical (and current) examples of you peasants being steamrolled by the powers of the government at the behest of the technological elites of the day:

I am not defending technocracy.

Nobody ever defends technocracy. It’s like “elitism” or “statism”. There is no Statist Party. Nobody holds rallies demanding more statism. There is no Citizens for Statism Facebook page with thousands of likes and followers.

[…] it worries me that everyone analyzes the exact same three examples of the failures of top-down planning: Soviet collective farms, Brasilia, and Robert Moses. I’d like to propose some other case studies:

1. Mandatory vaccinations: Technocrats used complicated mathematical models to determine that mass vaccination would create a “herd immunity” to disease. Certain that their models were “objectively” correct and so could not possibly be flawed, these elites decided to force vaccines on a hostile population. Despite popular protest (did you know that in 1800s England, anti-smallpox-vaccine rallies attracted tens of thousands of demonstrators?), these technocrats continued to want to “arrogantly remake the world in their image,” and pushed ahead with their plan, ignoring normal citizens’ warnings that their policies might have unintended consequences, like causing autism.

2. School desegregation: Nine unelected experts with Harvard and Yale degrees, using a bunch of Latin terms like a certiori and de facto that ordinary people could not understand let alone criticize, decided to completely upend the traditional education system of thousands of small communities to make it better conform to some rules written in a two-hundred-year-old document. The communities themselves opposed it strongly enough to offer violent resistance, but the technocrats steamrolled over all objections and sent in the National Guard to enforce their orders.

US Highway System needs in 1965 from “Needs of the Highway Systems 1955-1984”, a letter from the Secretary of Commerce to the House Committee on Public Works, approved May 6, 1954.
US Government Printing Office via Wikimedia Commons.

3. The interstate highway system: 1950s army bureaucrats with a Prussia fetish decided America needed its own equivalent of the Reichsautobahn. The federal government came up with a Robert-Moses-like plan to spend $114 billion over several decades to build a rectangular grid of numbered giant roads all up and down the country, literally paving over whatever was there before, all according to pre-agreed federal standards. The public had so little say in the process that they started hundreds of freeway revolts trying to organize to prevent freeways from being built through their cities; the government crushed these when it could, and relocated the freeways to less politically influential areas when it couldn’t.

4. Climate change: In the second half of the 20th century, scientists determined that carbon dioxide emissions were raising global temperatures, with potentially catastrophic consequences. Climatologists created complicated formal models to determine how quickly global temperatures might rise, and economists designed clever from-first-principle mechanisms that could reduce emissions, like cap-and-trade systems and carbon taxes. But these people were members of the elite toying with equations that could not possibly include all the relevant factors, and who were vulnerable to their elite biases. So the United States decided to leave the decision up to democratic mechanisms, which allowed people to contribute “outside-the-system” insights like “Actually global warming is fake and it’s all a Chinese plot”.

5. Coronavirus lockdowns: The government appointed a set of supposedly infallible scientist-priests to determine when people were or weren’t allowed to engage in normal economic activity. The scientist-priests, who knew nothing about the complex set of factors that make one person decide to go to a rock festival and another to a bar, decided that vast swathes of economic activity they didn’t understand must stop. The ordinary people affected tried to engage in the usual mechanisms of democracy, like complaining, holding protests, and plotting to kidnap their governors – but the scientist-priests, certain that their analyses were “objective” and “fact-based”, thought ordinary people couldn’t possibly be smart enough to challenge them, and so refused to budge.

Nobody uses the word “technocrat” except when they’re criticizing something. So “technocracy” accretes this entire language around it – unintended consequences, the perils of supposed “objectivity”, the biases inherent in elite paradigms. And then when you describe something using this language, it’s like “Oh, of course that’s going to fail – everything like that has always failed before!”

But if you accept that “technocracy” describes things other than Soviet farming, Brasilia, and Robert Moses, the trick stops working. You notice a lot of things you could describe using the same vocabulary were good decisions that went well. Then you have to ask yourself: is Seeing Like A State the definitive proof that technocratic schemes never work? Or is it a compendium of rare man-bites-dog style cases, interesting precisely because of how unusual they are?

I want to make it really clear that I’m not saying that technocracy is good and democracy is bad. I’m saying that this is actually a hard problem. It’s not a morality play, where you tell ghost stories about scary High Modernists, point vaguely in the direction of Brasilia, say some platitudes about how no system can ever be truly unbiased, and then your work is done. There are actually a bunch of complicated reasons why formal expertise might be more useful in some situations, and local knowledge might be more useful in others.

“The only thing ‘dangerous’ about a gang of Reddit investors blowing up hedge funds is that some of us reading about it might die of laughter”

Matt Taibbi says “Suck it, Wall Street!”

Meme stolen from Ace of Spades H.Q.

The press conveyed panic and moral disgust. “I didn’t realize it was this cultlike,” said short-seller Andrew Left of Citron Research, without irony denouncing the campaign against firms like his as “just a get rich quick scheme.” Massachusetts Secretary of State Bill Galvin said the Redditor campaign had “no basis in reality,” while Dr. Michael Burry, the hedge funder whose bets against subprime mortgages were lionized in The Big Short, called the amateur squeeze “unnatural, insane, and dangerous.”

The episode prompted calls to regulate Reddit and, finally, halt action on the disputed stocks. As I write this, word has come out that platforms like Robinhood and TD Ameritrade are curbing trading in GameStop and several other companies, including Nokia and AMC Entertainment holdings.

Meaning: just like 2008, trading was shut down to save the hides of erstwhile high priests of “creative destruction.” Also just like 2008, there are calls for the government to investigate the people deemed responsible for unapproved market losses.

The acting head of the SEC said the agency was “monitoring” the situation, while the former head of its office of Internet enforcement, John Stark, said, “I can’t imagine there isn’t an open investigation and probably a formal order to find out who’s on these message boards.” Georgetown finance professor James Angel lamented, “it’s going to be hard for the SEC to find blatant manipulation,” but they “owe it to look.” The Washington Post elaborated:

    To establish manipulation that runs afoul of securities laws, Angel said regulators would need to prove traders engaged in “an intentional act to push a price away from its fundamental value to seek a profit.” In market parlance, this is typically known as a pump-and-dump scheme …

Even Nancy Pelosi, when asked about “manipulation” and “what’s going on on Wall Street right now,” said “we’ll all be reviewing it,” as if it were the business of congress to worry about a bunch of day traders cashing in for once.

The only thing “dangerous” about a gang of Reddit investors blowing up hedge funds is that some of us reading about it might die of laughter. That bit about investigating this as a “pump and dump scheme” to push prices away from their “fundamental value” is particularly hilarious. What does the Washington Post think the entire stock market is, in the bailout age?

H/T to Larry Correia for the link.

January 28, 2021

GameStop in a very different kind of game

In the NP Platformed newsletter, Colby Cosh looks at the fascinating gyrations of GameStop’s share price in the grip of an unexpected group of players in the market:

“GameStop” by JeepersMedia is licensed under CC BY 2.0

GameStop has long been seen by institutional investors as following down the road of Blockbuster Video: it’s a bricks-and-mortar retailer whose main product is downloadable from your sofa. For that reason, it is heavily shorted by professional funds who normally eschew short-selling, which does have the risky feature of potentially infinite negative downside.

Enter Reddit, the website for special-interest user forums of all kinds. A Reddit “Wall Street bets” board uncovered evidence in regulatory filings that some hedge funds had legitimately dangerous large short positions representing bets against GameStop’s flaccid share price. A few hobby investors began to buy GameStop out of a sense of adventure and perhaps nostalgic loyalty. More importantly, they began to preach the gospel to others.

This is explicit “market manipulation,” but done in the open; it is surely as legal as any other conversation. GameStop’s price (NYSE symbol: GME) surged upward as word spread amongst day traders and other amateur investors. And as the random-looking rise in price got noticed, the whole scheme, itself rather reminiscent of a video game, went viral.

As of Jan. 12, GME was below $20, which is about where most analysts thought it belonged on merit, or lack thereof. The price as I type this particular sentence is $328.81. The backs of some funds with heavy short positions have been broken.

High finance seems somewhat terrified, as amateur investing websites — ones pioneered by the financial industry itself — begin to throw roadblocks in front of late-arriving GME buyers. For itself, Wall Street will invest billions replacing copper wire with fiber optics to gain microsecond arbitrage advantages in the market; for you and I, the good old portfolio can get conveniently 404ed for an afternoon.

This suggests that Wall Street may not have reckoned with the full possibilities of a world of proletarian shareholders. The stock market has proverbially been a playground of “animal spirits” since long before John Maynard Keynes used that phrase in 1936. What happens to an ecosystem when new animals show up? One can surely count on at least a minimum of chaos; maybe the surprise is that it took so long to take this game-like, combative form.

December 30, 2020

This is why the word “unexpectedly” gets such a workout in media these days

David Warren on “unexpectedly” negative results from policies born of virtue-signalling “good intentions” by self-styled progressives:

The expression, “unintended consequences,” is a charitable dodge. It is what old-fashioned, polite, civic-minded people say about the fallout from progressive social policies. It implies that their authors have overlooked something, or made some innocent mistake. For unfortunately, the policies do the exact opposite of what was promised. Surely the “reformers” didn’t mean to force decent, reasonable people to do things that any decent, reasonable person would consider to be satanic. Yet somehow, that was the result.

By contrast, these reformers despise the tactics of the bourgeois. Rather than argue, they prefer to drown out their opponents with slogans. Rather than coherently reply, they characterize any asking questions as “fascist,” “misogynist,” “racist,” “hate criminals,” &c. Those who have exposed scandals are personally smeared, slandered, doxxed. This isn’t new. It is the way the Left has always “debated,” going back long before Lenin. Once they have the police working for them, opponents get the knock in the middle of the night.

There are, incidentally, two kinds of “reform,” corresponding to the two political persuasions. One happens without planning, and is an organic response to things no longer working properly. Try, in good faith, to make the old system work, and it will subtly change. The “problems” fix themselves, when they are allowed to. The other kind is “reform” according to a theory. A huge, mostly imaginary “problem” is created, so a “solution” may be imposed. Every tool must be applied, to get everyone onside for the task: fake news, fake science, fake history, and miscellaneous fakery. For as every godless person knows, “the end justifies the means.”

Luckier than most, raised in “liberal” environments, I was able to discern this from an early age. By chance I acquired many friends who were refugees from Communist (especially Soviet-occupied) countries. But it was not just that. Having been trained counter-culturally, by non-conformist “classically liberal” teachers, and also having learnt to read for myself, I was already fairly alert. The clincher for me was a native disposition, not only to think independently, but to resist being a putz. It was not in my nature to assume that the enemies of real liberalism (which requires honesty) had good intentions. Reason, and experiment, demonstrated that they had not.

For instance, I early realized that leftwing factions formed a Party of Privilege. Every policy they advanced favoured individuals with relatively more wealth and power, against individuals with less. Unions were a good example. They represented the better-paid. The labour laws they advocated were designed to exclude the young and the poor from labour-market competition. They secured the allegiance of thuggish union members through crassly self-interested schemes. They opposed legitimate rewards for labour; for skill and hard work. Instead they enforced universal mediocrity, and punished intelligent enterprise. Legitimate labour interests, once represented by cooperative and self-managing guilds, were replaced by the interests of (untalented) union organizers.

September 15, 2020

When you mix up cause and effect

In the Continental Telegraph, Esteban remembers a Reagan bon mot that is still observably true today:

US President Ronald Reagan and Soviet General Secretary Mikhail Gorbachev at the Hofdi House in Reykjavik, Iceland during the Reyjavik Summit in 1986.
Official US government photograph via Wikimedia Commons.

Ronald Reagan once observed that “the trouble with our liberal friends isn’t that they are ignorant, it’s that so much they know isn’t so”. I am repeatedly surprised by Leftists’ ability not to just get something wrong, but to get it spectacularly, 180 degrees wrong.

First, a couple of examples from the archives – some years ago there was an article in the NY Times (or WaPo perhaps) quite distressed that even though crime rates in the U.S. were at historically low levels the percentage of the population in prison was quite high. “Why are we putting so many people in prison when the crime rate is low?” they wondered, seriously. Hmm, how about this – when we put more bad people in prison the crime rate goes down? Keep in mind that the crime rate is what’s happening now, the prison population is who we caught and locked up over the past several years.

Then we had an article in a West Coast newspaper wondering why the homeless population in San Francisco had grown dramatically in recent years despite all the wonderful things the city had done to help them – weekly stipends, free shopping carts, etc. Note that none of this assistance to the homeless enabled them to become independent or required them to better themselves, they were all handouts. How is it that offering lots of goodies to homeless people attracts more of them here?

My point in bringing up these old stories is that it seems impossible that someone could fail to see they had cause and effect reversed. How could someone intelligent enough to write a column get these stories so backwards. The only answer I can see is that their worldview, at least in these areas, flows in only one direction and the underlying premise can never be questioned – putting people in prison is bad, there can be no possible upside, giving homeless people stuff is good, there can be no downside. So, when things get worse it’s a mystery, we can’t reconsider our starting point.

August 19, 2020

He calls it “unintended consequences”. I disagree … these consequences are very much intended

Brad Polumbo is being far too generous to Californian politicians by saying the impending collapse of the state’s entire gig economy was not the intended result of passing “worker protection” laws that penalized success:

UBER 4U by afagen is licensed under CC BY-NC-SA 2.0

This Friday, Uber and Lyft are set to entirely shut down ride-sharing operations in California. The businesses’ exit from the Golden State will leave hundreds of thousands of drivers unemployed and millions of Californians chasing an expensive cab. Sadly, this was preventable.

Here’s how we got to this point.

In September of 2019, the California state legislature passed AB 5, a now-infamous bill harshly restricting independent contracting and freelancing across many industries. By requiring ride-sharing apps such as Uber and Lyft to reclassify their drivers as full employees, the law mandated that the companies provide healthcare and benefits to all the drivers in their system and pay additional taxes.

Legislators didn’t realize the drastic implications their legislation would have; they were simply hoping to improve working conditions in the gig economy. The unintended consequences may end up destroying it instead.

Here’s why.

AB 5 went into effect in January, and now, a judge has ordered Uber and Lyft to comply with the regulation and make the drastic transformation by August 20. Since compliance is simply unaffordable, the companies are going to have to shut down operations in California.

Their entire business model was based upon independent contracting, so providing full employee benefits is prohibitively expensive. Neither Uber nor Lyft actually make a profit, and converting their workforce to full-time employees would cost approximately $3,625 per driver in California. As reported by Quartz, “that’s enough to boost Uber’s annual operating loss by more than $500 million and Lyft’s by $290 million.”

Essentially, California legislators put these companies in an impossible position. It makes perfect sense that they’d leave the state in response. It’s clear that despite the good intentions behind the ride-sharing regulation, this outcome will leave all Californians worse off.

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