http://www.capitalismv3.com/?p=2633No. George Soros is not a good man. Don’t fall for the ruse.
Source date (UTC): 2011-05-06 15:21:00 UTC
http://www.capitalismv3.com/?p=2633No. George Soros is not a good man. Don’t fall for the ruse.
Source date (UTC): 2011-05-06 15:21:00 UTC
Over on Real Clear Politics, Whoopie Goldberg says she’s Playing The Race Card. To which I reply: It’s not about race. It’s about the welfare state’s collectivism vs classical liberalism’s individualism. Three Rules of Politics:
If someone despises you, and uses your taxes for purposes that you disagree with, and you’re under economic duress, then that’s all that’s required to understanding their political position. People despised, and continue to despise Jimmy Carter for the same reasons as they do Obama. FACT 1: Whites pay the vast majority of taxes. While the government does everything it can to obscure the fact that taxes are primarily a white burden, the fact remains, that taxes are almost entirely a white burden. This violates Rule 2 above. And under economic duress it invokes Rule 3 above. If anything is racially loaded, it’s that whites are unique in the world, and in world history, in preferring classical liberalism’s individual freedom and responsibility over the alternatives offered by other, less successful cultures. If race is involved, it’s because Obama demonstrably disdains white people. I didn’t use the word ‘hate’. That’s a loaded word for silly people. But, why else would he call a meeting with a board of six like minded economic advisors this spring without a single white person among them? If race was involved why would whites try to draft Colin Powell, and why would whites be such avid supporters of black conservatives? So, it’s not about race. It’s about being anti-American. American being defined as a class of rights that white, anglo-germanic people invented, and codified in a constitution, and who have consistently extended those rights to other peoples. And have fought wars to extend to other peoples. And born sacrifices to carry to other peoples. So if you want to make it about race, and we actually get the data out during the election cycle, it will have quite the opposite effect that advocates of ‘playing the race card’ will intend. That’s because white people are beginning to act like the minority that they are becoming. And in that process, they have, and will continue to cease feeling guilt over slavery, or their dominance over the expansion of the institutions of prosperity that we call capitalism, and will increasingly act as does the Jewish lobby: in self interest. And for African Americans, if whites lose their guilt and become a minority, and act as diasporic capitalists like the Jews, how is the rest of the world going to treat Africans and African Americans? Playing the race card is a losing proposition. So lets just stick with having the argument over the welfare state and collectivism versus classical liberalism and individualism.
Selfishness, as defined by Rand, is a play on words in order to hook people’s attention. It is a classic marketing trick. It assists her in marketing her ideas specifically because the word ‘selfish’ has negative connotations. While she uses the word ‘selfishness’ the general idea is used by other writes as any one of: individualism, responsibility, enlightened self interest, or pragmatic self interest. The purpose of the idea of self interest is epistemic: you can’t KNOW enough to work for other people’s interest in a division of knowledge and labor. In a division of knowledge and labor, you can’t KNOW very much. We’re necessarily ignorant. Our view of the world is very limited. It’s simply a proscription for ‘think globally, act locally’. So, self interest, or selfishness is simply a play on words for the purpose of making us look at individual responsibility inversely – as taking care of others by taking care of ourselves, rather than as the duty that we have to one another to take care of ourselves. Rand was trying very hard to market individualism and freedom during a period of socialist expansion, when there was rampant false attribution of success to the soviet model by western sycophantic pseudo intellectuals – the soviet model that had destroyed her family. So she is making a play on words to hook your attention. There is nothing in rand that is not, at least in implication, in Adam Smith or Frederic Bastiat. Hayek tries to remind us that the source of freedom that we know as Classical Liberalism was a product of the English empirical pursuit of science, and the analysis of data that had accumulated by the 18th century, as the middle class grew in size. But that at the same time, the French were pursuing the concept of freedom as a REACTION to the english, by RATIONAL or verbal reasoning, rather than by data – the germanic protestant versus latin catholic approach to life shows up everywhere. These rational arguments are moral arguments. Moral arguments are by definition specious. But they are easier to digest by the common person, and easier to manipulate by politicians. In large part, the language of freedom was distributed by translation that were made from french literature using the french interpretation in rational terms of english empirical principles and reasoning. So the language we use today to discuss freedom has become the rational of the french, rather than the empirical of the english. This french rationalism is where marx obtained the foundation of socialism and communism.
Marxist doctrine states that steps are required to create the utopian communist society. The eventual result of marxism’s destruction of the system of property was for the purpose of creating an anarchic society where everyone had what they wanted, and wanted nothing more – the fixed-pie fantasy. The state was only necessary as a first step in order to make it possible to get to that utopia. Socialism was simply the first step in reaching the marxian utopian dream of the non-propertarian, anarchic, left libertarian society. Socialism means ‘state ownership of the means of production’. Communism means that there is no property whatsoever or the need for it. Communism was the next evolutionary step after Socialism. People tend to treat communism and socialism as synonyms but they are not. They are a sequential strategy for achieving the marxist utopian society.
[callout]Once you understand how ridiculously impossible communism is, you can also understand how ridiculously impossible anarcho capitalist libertarianism is.[/callout]
Once you understand how ridiculously impossible communism is, you can also understand how ridiculously impossible anarcho capitalist libertarianism is. Socialism is impossible because of the problem of knowledge (distributed and fragmentary), prices (provide the information system), and incentives (encourage people to produce). Communism is impossible because humans never cease to want new stimulation and because we are unequal, and our reproductive strategy insures rotation such that we shall never be equal. So effectively, communism is impossible because populations need property in order to produce prosperity. Anarcho capitalism is impossible because of the problem of creating and maintaining complex forms of property. Men will no more stop seeking better mates and more stimuli, than they will stop seeking to benefit by fraud theft and violence. We need political institutions to channel men’s actions into market activity rather than hedonism or predation. We need very few of those institutions. and the fewer the better. But we need them. If you think communism is impossible, then logically anarcho capitalism is impossible. They both depend on a belief in the nature of man that is counter to self-reflection, observation and history.
http://hayekcenter.org/?p=4608If PK studied the history of economic thought, he would be rapidly confronted by the realization that the abstract methodology that he relies upon, and the ocean of data he has used for his analyses, is the record of, and methodology of, a ‘special circumstance’ of temporary economic conditions, and that his short term methodology is incongruous with the anglo political model that is the source of western political s
Source date (UTC): 2011-03-29 22:46:00 UTC
Do you know Godwin’s law? That any internet discourse eventually devolves into something involving Hitler? There is a new law. I’m coining it, as Doolittle’s law: The minute someone mentions Sweden in an economic argument, you know that they’re analysis is wrong. 1) As Felix Salmon states, Wealth is very different from Income. The WEALTH distribution in the USA and Sweden is similar because sweden is a capitalist country albiet one with a great deal of redistribution, and wealth must be in the hands of the people with the knowledge to EMPLOY that wealth in order for wealth to exist. 2) Felix also states that countries with great retirement schemes require less wealth accumulation, since wealth accumulation is a retirement scheme. So individuals with retirement schemes have less incentive to develop wealth. Swedes have fewer incentives to accumulate weath.
[callout]Doolittle’s law: The minute someone mentions Sweden in an economic argument, you know that they’re analysis is wrong.[/callout]
3) Redistribution that affects one’s family, tribe and culture is one thing. Redistribution that allows a group or class to compete with you is something else. Redistribution that is used for purposes that one objects to is something else entirely. No one is against redistribution. It’s the USE of redistribution that gets people up in arms – whether it’s the concentration of wealth in the hands of a competing minority or class, or redistribution to minorities seeking political power. And they’re right to do so. Homogenous cultures are comfortably redistributive. Heterogeneous cultures aren’t. That’s why multiculturalism fails, and always will fail. One can only have multiculturalism under a political system where there is no means by which competing interests can gain political power, and no matter of redistribution. This is why european cities were multicultural before the advent of democracy and nationalism. 4) Sweden is an outlier. It is a small, genetically homogenous, protestant, ascetic, nordic, resource economy with no border issues that did not experience the second world war. It is an abnormal country. It cannot be compared to heterogeneous countries of much larger size. The cultural comparison at scale is Japan, not the USA. Japan is an island based, racially homogenous ascetic culture. 5) Sweden doesn’t have all that much ‘wealth’ with which to create a distortion. The bigger the economy, the greater the potential for concentration of wealth. Sweden is a small country of 10M people, 85% of whom live in a very dense area, and who benefit from the remainder of the country’s low population density and the ability to export natural resources easily into europe. In the USA we have cities that big – and they are full of tribal and competitive minorities, and complex social class structures competing for political influence in order to demonstrate social status for themselves and their tribes. So, that’s why there isn’t a vast difference in income. It’s because sweden is a small country, it isn’t an empire, it doesn’t have the ability to concentrate capital, it doesn’t have the ability to create liquidity and it has a small market. 6) When comparing the USA to another country you must use the whole of western europe, because that is the degree of diversity in the USA. We live in the Nine Nations of North America. And different nations are not generous to each other. They cannot be. I’m happy to debate this with anyone. But humans cannot build a large country with complex relationships and have high redistribution, unless they want to invite civil war. 7) The evidence is pretty clear. You an live a better life with more choices in the USA for less money if you ‘enter the system’. Entering the system means consumer credit, housing, and working reasonably hard for a living. If you don’t want to ‘enter the system’ you’re going to be in the lower quintiles. It’s pretty simple. Furthermore, It’s terribly expensive to live in Sweden and it takes little research of expat writings to see how few people from the USA want to live there after trying, and inversely, how many swedes come the USA and stay here because of greater economic freedom. Social status matters because it determines access to opportunity, and access to mates. Status hierarchies are more valuable in-group than across groups, which means that humans will always be naturally racist and anti-culturalist except under two scenarios: a) at the margins where mate selection is advantageous for one or two generations, or b) (as in the UK) where a a social class can gain temporary social status for one or two generations by demonstrating ‘tolerance’. No data will demonstrate otherwise. And that is what makes good economics. Use of statistics to create ‘errors of aggregation’ and ‘ignoring causality’ in order to intentionally create a false argument is bad economics. Whether bad economics is a a form of fraud and deception, or whether it is immoral, is a matter for someone else to decide. But I’m willing to stipulate that regardless of those potentialities, it’s is simply bad economics.
So, this silly person sends me a religious diatribe quoting scripture and all manner of other deists as if it’s some scientific and scholarly work that will convince me that it’s the will of god that I do this or that. What I love most about their arguments, is a failure to account for the ‘other gods’. The majority of people worship some ‘other god’. They have some other doctrine. Some other set of social assumptions. Yet they all take on faith that their god is the right one, their prophet the correct one, and their interpretation the best one. But if we look at the OUTCOME of worshipping a particular god as the measure of any religious philosophy, the LAST god you want to worship is Jehova or his Janus-masked inverse Allah. They’re a near guarantees of social, economic, political, and technological failure. Or the poor Russians, who, because of their trade relationship with Byzantium, the Czar chose Byzantine Christianity over Western Christianity, and forever exacerbated their cultural and economic problems. And under that analysis, the Chinese repression of organized religion is a much wiser strategy than is our convenient and commercially beneficial strategy of “tolerance”. Now, I’m not anti-christianity by any means. I understand the value of Christian monarchy, and the christian ethos. But I also realize that christianity is european paganism more so than it is biblical. But you can’t argue with these people using reason. You have to meet them on their turf. It gives them nowhere to do. So I use this kind of argument pretty frequently. It almost always works. And the outcome is almost always humorous:

There is only one true god, and only one true religion. Zeus. Jupiter. Dios Pater. Dyaus Pitar. Sky Father. Sun God. The God of Indo-European peoples. His prophets are Homer and Aristotle, his acolytes are the rational philosophers, his ministers lawyers and judges, his clerics are the scientists and technologists, his disciples are the warriors and craftsmen, his laws The Natural Law for men, and Science for the universe. Their tools are reason, technology, and the transformation of the earth for the benefit of man, in order to make the universe a heaven for man. Zeus desires only that his children join him, and take their place next to him, among the gods. He asks nothing in return. He only offers wisdom. The other prophets, the prophets of the false gods, are all dupes of the devil. They do the devil’s bidding. They serve the devil’s ends. They spread the devil’s lies. Jehova is the devil. He teaches submission. Only the devil wishes submission. Only the devil would wish submission. Submission is the end of man and the beginning of slavery. Jehova is the devil. The god of the hindus, buddhists, jews and muslims is a god that creates ignorance and poverty. This is the truth that history reveals to us. Allah is the devil. The god of muslims. He asks submission, and in return, his worshippers live in ignorance, poverty, violence and are the lowest peoples of the earth. The Hindus, and the Buddha teach followers to ignore the real world. To pretend it does not exist. And they live in poverty and ignorance because of it. Zeus is the one true god, and reason is the one true religion, and history is the one true mythology, and study and accomplishment are the one true ritual. We worship Zeus by with our achievements. We listen to his advice. We honor him by raising ourselves from animals to gods. Only reason, history, study and technology make it possible for man to join the gods, by transforming the real world into heaven. Only a devil would want man to seek submission and ignorance. Jehova is the devil in disguise. Selling the slavery of ignorance and pover under the ruse of false salvation and submission. Zeus seeks nothing in exchange. Jehova has nothing to trade. Allah has nothing to offer but ignorance. Hail Odin! Zeus! Jupiter! Dios Pater! Dyaus Pitar! Sky Father! Sun God! ((Thanks to the Monliari Society for inspiration.))
Don’t get me wrong. I’m all in favor of NPR. I’m a listener, albiet not a frequent one. On the other hand, using taxpayer money for purposes that are political in nature, content, or value judgements which other taxpayers find patently offensive is simply intolerable. We will not have a government that we can all support unless it does very little, and what little it does, is acceptable to everyone. NPR appeals to people who are educated but who largely do not participate in the market, or are wealthy enough not to need to participate in the market. It is an 11% demographic, and that 11% is decidedly left of center, because our universities are decidedly left of center. And for that reason, the use of public funds to promote the religion of secular humanism is simply offensive to other people. NPR is The 700 Club for Democratic Secular Humanism. It belongs in the private sector.
NPR Board Member Admits It Serves ‘Liberal, Highly Educated Elite,’ Wonders How to Justify Public Funding http://www.newsbusters.org/blogs/lachlan-markay/2011/03/11/npr-board-member-admits-it-serves-liberal-highly-educated-elite-wond
Copied here from http://judithcurry.com/2011/03/06/climate-story-telling-angst. On Climate ETC: Judith Curry writes:
If climate scientists were to use their past accomplishments to bolster their current claims, there would be less controversy, as it’s more difficult to undermine the credibility of established achievements.
Which is a distracting straw man argument that posits the climate issue as one of communication rather than credibility. I responded with:
[callout]Why do I know that what I say here will not make a difference? Because researchers in the physical sciences have perverse incentives because of the economic structure of labor in academic research. Therefore, scientists will not change their behavior because it would cause them to pay the cost of that change, and that cost is too high in relation to ALL THEIR OTHER COSTS AND BENEFITS. …. In other words: People in glass houses shouldn’t throw stones.[/callout]
I’m an economist. (A political economist. I’m not an econometrician – the kind of people who in economics make the same mistakes as physical scientists – forecasting.) Whether economists are scientists is still open for debate, but we have a similar problem of credibility in our field, even though economics and politics are more naturally interdependent than are the physical sciences and politics. Regarding Past Achievements. If we study both the history of science, the history of political activism, and the history of marketing we end up with a very different conclusion than you state above, and storytelling wont’ cure it: 1) Science is riddled with as many faulty conclusions as successful achievements – in fact, of necessity, far more faulty conclusions than successful achievements. (Everything from the notorious Phlogiston theory, to the Mathusian error, to the 70’s fascination with ‘global cooling’ and the upcoming ice age. Furthermore, Apocalyptic pronouncements are almost universally false if we look at the history of ideas across all fields. The universe is far more equilibrial than we are. Christendom in particular, is anti-apocalyptic because the apocalyptic vision is attached to ancient sentiments.) 2) Far more than 90% of research papers that achieve public attention contain errors in reasoning that invalidate the premise. (Depends upon whose study you look at — but, it’s bad no matter how you look at it.) A random selection of papers from PhD’s and candidates from any number of fields from any university’s library will contain amateurish exaggerated conclusions from insufficient data, and erroneous interpretation. (Reasons? First, because graduate ‘training’ work is publicized, and second, because the short form peer reviewed process for scientific achievement appears to be far less valuable than the long form book process for scientific achievement.) 3) Nearly all research work that reaches the public contains overreaching editorial content that invalidates the research. This is a combination of the desire for attention by researchers and editorial license that seeks attention on the part of publishers. 4) Good science is meticulous. Bad science is not. (I lost a quarter of a million dollars of my own money backing climate science, and the November 09 scandal was the reason for it. The field must take responsibility for the shoddy science.) 5) It certainly seems that economics as a profession is more skeptical of it’s calculations than are the physical sciences, partly because economic variables are so complex that we are afraid to make pronouncements. We realize we can be descriptive of the past but we cannot be PREDICTIVE of the future in economics. The same applies for highly complex systems of all kinds, even the environment – the heuristics of which is not terribly different in intertemporal terms than are social constructs. And, as an economist I can observe that the physical sciences are reversing the accumulated prestige of the field for a single reason: the perverse incentives of the graduate training process in research universities. 6) Movements need to be skeptical of their acolytes. For example, certain musicians who employ the compositional structure of hymns to rock music, must sometimes specifically eschew association with Christian groups because they know it will impact their credibility with the broader audience. The fact that the international communist movement has effectively co-opted the green movement means that the entire research program is now effectively discounted as a political movement. The global warming movement must associate itself with commerce if it is to succeed. And it is not impossible to do so. Moral arguments are UNIVERSALLY masks for wealth transfers. Without exception. Scientists are notoriously ignorant of economics and politics. Where science succeeds, is where it unifies with the pragmatism of commerce. Not where it aligns with religion and politics. In economic terms, science as a profession is discounted in the marketplace because of a record of exaggerated claims and faulty advertising. It isn’t that scientists need to tell better stories. It’s that science needs to produce better work, and be extremely cautious with public pronouncements. Scientism is a religion if it believes it has a lock on forecasting the future, even of simple physical events. So, it’s about credibility. The degree to which the academic scientific community in the west, since the 1970’s has undermined scientific credibility is not understood in the incestuous circle of academia. To counter this effect: Write books that fully articulate an idea, not micro-papers. Falsify your own work. Seek to justify opposing views. Ruthlessly attack others who undermine scientific credibility in the public debate. Reduce the number of graduate students and hide their work unless it is extremely well argued. (this is a contrary incentive) It’s not about achievements. Because the achievements are currently dwarfed by a ocean of contrary-indicators. In fact, if we look at the data, it is not in academia that the great inventions are coming from. In fact, it’s not from the large commercial capital bureaucracies either – they only refine discoveries. Innovation appears to be coming almost entirely from the efforts of individuals. It’s not about storytelling. It’s about doing good science. And right now, climate science is insufficiently articulated for human beings to justify paying the huge cost associated with the apocalyptic visions. Human beings are rational. They just need a rational argument and to understand the costs and benefits in relation to ALL THEIR OTHER COSTS AND BENEFITS. Why do I know that what I say here will not make a difference? Because researchers in the physical sciences have pervers incentives due to the economic structure of labor in academic research, and the failure to separate research from teaching lines of business and faculty in large universities. Therefore, scientists will not change their behavior because it would cause them to pay the cost of that change, and that cost is too high in relation to ALL THEIR OTHER COSTS AND BENEFITS FOR THEM. In other words: People in glass houses shouldn’t throw stones.
RE: Harmful illusions bedevil ideas about free markets and imprisonment: professor By Sarah Galer In which yet another left wing professor who hasn’t read Hayek, criticizes him (and advocates like myself) while relying upon ‘silly psychology’ to do so. He rails against ‘free markets’. The author (Sarah Galer) is positing a straw man that does not represent these ideas. (and thereby contributing to ignorance). Besides confirming the conservative hypothesis, she’s simply acting immorally by acting in ignorance. I didn’t mention that it’s the jewish wing of libertarianism that invented the silly ideas of anarchism. My response. No free marketer actually suggests ‘unregulated’ market, or the abscence of law. Instead, this is what they say: 1) Free markets spread peaceful coexistence (smith) 2) Government employees cannot know enough to regulate markets (mises/hayek) 3) Insurance companies are better at regulating the market than government (rothbard/hoppe) 4) That bureaucracies become naturally corrupt and seek rents, and harm markets. (veblen, schumpeter, Sorel, michels, burnham) 5) That rule of law (rule of the COMMON LAW) is superior to regulation of markets than is legislative and regulatory law. (Hayek, Bastiat) 6) Economic calculation (dynamic prices and their role in planning), and the natural incentive for self interest, in a division of knowledge and labor (mises, smith) 7) That regulatory law accumulates to the point of causing market failure 8) That all monopolies are CAUSED by state intervention. These are arguments against the PRETENSE OF KNOWLEDGE, and the PRETENSE OF BENEVOLENCE by the political bureaucracy, in contrast to the POSSESSION OF KNOWLEDGE by private actors with market incentives. Therefore, these are not arguments in support of anarchism, they are arguments to privatization in order to avoid the natural tendencies toward corruption in bureaucracies. Curt Doolittle