Demise of the baby boomers

But things of which we have not had a direct intuition, which we have learned only through other people, we have no longer any opportunity, the time has passed in which we could inform our heart of them; its communications with reality are suspended; and so we cannot profit by the discovery, it is too late.

Marcel Proust - À la recherche du temps perdu

Recent deaths among my contemporaries yet again remind me that we baby boomers are on the way out. Not just in terms of mortality because there are a few decades to go yet, but in terms of influence.

So what have we achieved, we baby boomers?

For my part I prefer not to make a list. From the EU to windmills, from house prices to taxes to political liars it’s not likely to be a cheery one. Unfortunately, Proust was right about the value of direct experience too.

As genuine hardship becomes a distant memory, it isn’t easy to see where the vitality to change things will come from. If there is no real need to better oneself, then surely the vitality sags. We see many things in modern Britain, but vitality is not one of them.

So maybe that’s what we’ve done, we baby boomers. We’ve sucked the dear old place dry.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Does management justify its own costs?

Throughout history, the university systems of the world have evolved from a monastic model, through the industrial model as a driver of social mobility, to the latest, which is the ‘business’ model.

Like all models, this one has assumptions. In this case, the underlying but usually unstated one is that the faculty who teach and research, and the people who maintain the buildings, are not working hard enough.

The proposed solution is to add layers of middle managers, whose only contribution is to ‘motivate’ and generate policies to make everything ‘more efficient’.

The sad reality is that no amount of increased efficiency or hard work on the producers of the system can make up for the cost of this increased administration.

A cynic might argue that the only purpose of these changes is to provide jobs for those who can’t do anything productive.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Do you veto yourself?

In his book Mind Time, Benjamin Libet raised the possibility that free will is not so much a free choice as a conscious veto on certain options as they bubble up from the unconscious. His experimental work was confined to motor control, but the idea is easily extended to wider issues of belief.

In other words, free will may not be a matter of freely choosing what to believe as freely choosing what not to believe - a conscious veto on social beliefs, opinions or narratives we have no wish to adopt.

If so, then belief simply implies that a conscious veto has not been exercised. Scepticism implies the opposite - a conscious veto has been exercised. In other words scepticism is the footprint of free will - belief leaves no footprint.

The idea is not new and of course it works both ways. If I veto any suggestion that the Earth is a sphere, then I may be exercising free will, but it is a ludicrous and intellectually damaging achievement. I suspect this may be one of the attractions of The Flat Earth Society – the free will aspect, the attractions of dissent.

Because there do seem to be attractions to scepticism and dissent. So much so that wholly conventional ideas are often presented as dissent – which in one sense they often are. The traditional politics of left and right for example. Both sides tend to use the language of dissent, often by inventing straw men - or straw women. It must feel like the cool breeze of intellectual freedom, even when no more than the other side of a numbing orthodoxy.

One obvious attraction of a broader and deeper scepticism is that the options are less constrained. Possibilities remain open, further analysis is always worthwhile. This seems to be the attraction of detachment. The veto is active and well developed, but also rounded by habits of introspection.

Should I accept this idea - or is there more to be understood? No I’ll pass for now - there is more to be understood.

The veto is transformed into a positive experience; an aspect of well-being, of a genial life lived apart from the rancour of intellectual passion and coercion.

If feels like free will – possibly because it is.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Bad business is good business

I'm reading Michael Crichton's "Airframe" (1996) and it contains a passage that has resonances far beyond the airline industry. Here, an accident investigator is telling a journalist about an explosion on an aircraft a few hours before: the operator had bought her company's excellent plane, but installed corroded second-hand engines, despite warnings.

"Super-cheap carriers are a stock scam."

"A stock scam?"

"Sure," Casey said. "You buy some aircraft so old and poorly maintained no reputable carrier will use them for spares. Then you subcontract maintenance to limit your liability. Then you offer cheap fares, and use the cash to buy new routes. It's a pyramid scheme but on paper it looks great. Volume's up, revenue's up, and Wall Street loves you. You're saving so much on maintenance that your earnings skyrocket. Your stock price doubles and doubles again. By the time the bodies start piling up, as you know they will, you've made your fortune off the stock, and can afford the best counsel. That's the genius of deregulation, Jack. When the bill comes, nobody pays.."

"Except the passengers."

Plea bargaining, court and regulator fines that come nowhere near the improper profits made, a couple in jail but hundreds and thousands of others untouched... it's not just banks, it's the way of the world.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Frackquakes: evidence

"Did a train just go past?"

John Martin: The Great Day Of His Wrath

A professor of seismology links soaring seismic activity on Oklahoma to fracking; an industry-sponsored research association dismisses the effects as negligible.

(Htp: Chris Martenson's Peak Prosperity site).

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

1984: progress update

http://4umi.com/orwell/1984/4

1. Michael Krieger (htp: Tyler Durden) discusses the effects of the new legislation requiring internet articles to be deleted (or de-listed) at the request of complainants.

2. Martin Armstrong (himself seemingly the victim of questionable use of state power) first discusses supposedly hack-proof web browsers for those who don't like being spied on - and then passes on a rumour that the NSA is targeting anyone who tries to download such browsers.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Ukraine and Russia: as I said

Tyler Durden at Zero Hedge today (7 July):

"... As we remarked two weeks ago, when observing the recent developments surrounding the suddenly all-important South Stream gas pipeline bypassing Ukraine ...

"should Russia find a way to completely bypass Kiev as a traditional transit hub for Russian gas, it would make the country, and its ongoing civil war, completely irrelevant not only for Russia, but worse, for Europe, the IMF, and Ukraine's staunch western "supporters and allies" as well...

"[he quotes Itar-Tass] Gazprom.. aim to diversify routes for exporting natural gas and exclude transit risks..."

I differ slightly from Durden on the relevance of Ukraine, because (a) the Brotherhood line that feeds Blue Stream and the proposed South Stream, crosses Ukraine, (b) Soyuz and Blue Stream cross in eastern Ukraine, and (c) South Stream, a subspur of Blue Stream, will pass close to the southern shore of Crimea.

South and Blue Streams don't have enough capacity between them to completely compensate for the potential loss of  Brotherhood and Soyuz in central/western Ukraine, but it would be a start, provided S&B were made secure from seizure or destruction.

So from the Russian perspective, not only had Crimea to fall and remain in Russian hands, but the bitter struggle in eastern Ukraine must end with a stalemate somewhere west of those transiting energy lines:

 

why the extreme east of Ukraine is a key piece in the Russian strategy

As I was saying four months ago...

March 17: Naval infrastructure development on the Black Sea under the guise of Olympic preparation... strategic importance of South Stream pipeline... eastern Ukraine set for takeover ("...  South Stream crosses a bit of the extreme eastern part of Ukraine, but a little territorial snipping - a land purchase, maybe? - could put that right")... purchase of gas pipelines in Greece by proxy... and some further speculations...

March 19: Ukraine protests a pretext for Russian seizure of eastern Ukraine ("was the whole thing set up by Russia in the first place, to provoke a crisis aimed at the annexation of Crimea, near which will run the South Stream gas pipeline? - and possibly, in due course, eastern Ukraine, which is also predominantly Russian-speaking and across which runs Blue Stream?")... vulnerability of Russian gas and oil lines through Belarus and Ukraine... "some of the South Stream construction contracts were signed last Friday [March14]"... importance of Nord Stream also...

March 29: Historical struggle between US/EU and Russia for control of the Black Sea...

April 28: Russia's possible long-term strategy: an "eastern EU" centred on western Russia and connecting the Black and Caspian Seas, the Middle East and Asia.. Russia under heavy pressure to maintain economic momentum...


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

The blogger's dilemma

Sackers recently sent me this link - a post by John Michael Greer who blogs as The Archdruid Report. It's very well written and well worth reading.

To my mind, one of the problems with blogging is the attraction of extremes. It’s all very well trying to tease out one or two strands of the Great Complexity with what feels like honesty sometimes leavened with a touch of feeble humour. Unfortunately, that approach is almost bound to veer towards the pedestrian.

It would be much easier to choose a more extreme standpoint, skip the logic, ignore the data and blast armies of straw men to smithereens with every trick the rhetorical arsenal. Not that I'm suggesting this is Greer's approach because in a very broad sense I don't disagree with his overall theme.  

However, a gung ho approach would certainly attract more blog hits and probably more comments. The posts might even be more satisfying to write. After all, controversy keeps us on our toes, sharpens the debate and identifies the enemy - and we all like our enemies don’t we?

For me, Greer’s blog is one of the better rhetorical blogs. I think his message is well written, intellectually high-flown but not necessarily wrong. To my cautious mind, nobody can paint worthwhile pictures on such a large canvas, although the temptation is hard to resist and people seem to like the result. Maybe the two are connected?

For me it’s a scoping issue – Greer's scope is too wide. Accuracy suffers and the unfortunate result is that some of what is said is exaggerated and pushed beyond the boundaries of strict veracity. I’ll give one example.

That answer was that science and technology would eventually create such abundance that everyone in the world would be able to enjoy a middle-class lifestyle and its attendant opportunities. That same claim can still be heard nowadays, though it’s grown shrill of late after repeated disconfirmation.

What repeated disconfirmation? What about a few hundred million Chinese and...? But the list is too long and too obvious. To my mind he makes far too much use of emotional rhetoric to push his imminent collapse meme.

Ironically the idea doesn’t need so much pushing because whatever a middle-class lifestyle might be the threat is real enough. Yet it’s only a threat, not a certainty. The complexities, the politics and maybe some more optimistic possibilities could be inserted as caveats – but of course they aren’t because it slows the pace and dilutes the message.

Greer's overall theme of the breakdown or corruption of social imitation, or mimesis as he frequently calls it.

The habit of imitation is as universal among humans as it is among other social primates. The question becomes this: what will inspire mimesis among the internal proletariat? What will they use as the templates for their choices and their lives?

It’s a good question which one should turn around and address to social commentators, popular pundits, journalists and bloggers. A fascinating subject, but an exceedingly complex one where motives continually lurk in the depths of any argument. Unfortunately, tackling the complexity also inclines one towards the duller end of the public arena, the end where caveats come in. Caveats don’t win hearts and minds, don’t feed the anxious soul.

The problem is that people are not amenable to persuasion except under duress or the endless subtleties of social pressure - or mimesis perhaps. So argument is mostly a waste of time. One is mostly stuck with preaching to the converted - and converts like their dose of rhetoric.

The writer enjoys it too.

So the only real alternative for caveat-shackled bloggers is to make a less rhetorical appeal to like-minded people who do not necessarily agree with posts, but are interested enough to read them and interested in the ebb and flow of public debate for its own sake.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Perverting justice: no time limit for prosecution

http://www.cps.gov.uk/legal/s_to_u/sentencing_manual/perverting_the_course_of_justice/

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Parliament and paedophilia: is the lid coming off?

Post-apocalypse London, by Hungarian artist Páldi Balázs

Simon Danczuk MP, in the Mail on Sunday:

"If MPs have harboured paedophiles, the damage to British democracy will be fatal...
 
"During the committee hearing later that day, one MP asked if pressure had been put on me to keep quiet about suspected child abusers. I nodded. Yes, it had. The MP pursued it no further...

"I believe we're on the verge of a Savile-like scandal sweeping through Parliament. Yet, for most people at the top, this prospect is not even on their radar. They're completely impervious to it.

"Once the idea that paedophiles have been lawmakers gains wider traction and people start to think political parties have knowingly harboured paedophiles then our parliamentary democracy will suffer an enormous, near fatal blow, the likes of which it will take years to recover from."

On the other hand:

From BBC TV's "Yes, Minister" - "The Skeleton In The Cupboard" (25 November 1982)

"It is possible to remove everything of significance from a file released under the 30-year rule by saying that it is complete except for:

a. A small number of secret documents.
b. A few documents which are part of still active files.
c. Some correspondence lost in the floods of 1967.
d. Some records which went astray in the move to London.
e. Other records which went astray when the Department was reorganized.
f. The normal withdrawal of papers whose publication could give grounds for an action for libel of breach of confidence or cause embarrassment to friendly governments."

(A paraphrase - see last 3 minutes of episode)



But maybe not this time...

Link to site (htp: Max Keiser)

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Tax haven sh*ts

Vanuatu Independence 1980 ribbon and medal (Images source)

Andrew Roberts in this week's Spectator:

"To the magnificent Skinners’ Hall in the City to watch my wife, Susan Gilchrist, CEO of the financial communications group Brunswick, be feted as a newly elected honorary fellow of King’s College London. A tremendously proud moment, only slightly spoilt by the fact that I seemed to be about the only person there not to be wearing an order, medal or decoration. I felt naked. Along the enormous rack of medals sported by Field Marshal Lord Guthrie was a yellow-ribboned one I didn’t recognise, so I asked him what it was for. ‘I had to put down a native revolt in Espiritu Santo about 30 years ago,’ he said, before adding, ‘They only carried bows and arrows and all they wore were penis-sheaths.’ I suddenly felt awfully less naked. Intrigued, I looked into what’s called the coconut war of 1980 and, needless to say, Charles was being modest. It was a nasty, sharp little engagement in which people died and the French seem to have been on both sides."

From Wikipedia on Espiritu Santo:

Between May and August 1980 the island was the site of a rebellion during the transfer of power over the colonial New Hebrides from the condominium to independent Vanuatu. Jimmy Stevens' Nagriamel movement, in alliance with private French interests and backed by the Phoenix Foundation and American libertarians hoping to establish a tax-free haven, declared the island of Espiritu Santo independent of the new government. A Republic of Vemerana was proclaimed on May 28. France recognized the independence on June 3. On June 5 the tribal chiefs of Santo named the French Ambassador Philippe Allonneau "King of Vemerana", Jimmy Stevens became Prime Minister. Luganville is renamed Allonneaupolis. But negotiations with Port-Vila failed and from July 27 to August 18, British Royal Marines and a unit of the French Garde Mobile were deployed to the Vanuatu's capital island but did not invade Espiritu Santo as the soon-to-be government had hoped. The troops were recalled shortly before independence. Following independence, Vanuatu, now governed by Father Walter Lini, requested assistance from Papua New Guinea, whose forces invaded and conquered Espiritu Santo.

From Wikipedia on the "Coconut War":

Prior to Vanuatu's independence, the islands were known as the New Hebrides. The New Hebrides were governed by a condominium of France and the United Kingdom. In 1980, France and the United Kingdom agreed that Vanuatu would be granted independence on 30 July 1980.

Beginning in June 1980, Jimmy Stevens, head of the Nagriamel movement, led an uprising against the colonial officials and the plans for independence.^[1][2][3][4] The uprising lasted about 12 weeks. The rebels blockaded Santo-Pekoa International Airport, destroyed two bridges, and declared the independence of Espiritu Santo island as the "State of Vemerana". Stevens was supported by French-speaking landowners and by the Phoenix Foundation, an American business foundation that supported the establishment of a libertarian tax haven in the New Hebrides.^[5]

Confrontation

On 8 June, 1980, the New Hebrides government asked Britain and France to send troops to put down a rebellion on the island of Espiritu Santo.^[6] France refused to allow the United Kingdom to deploy troops to defuse the crisis, and French soldiers stationed on Espiritu Santo took no action. As independence day neared, the Prime Minister-elect, Walter Lini,^[7] asked Papua New Guinea if it would send troops to intervene.^[1] As Papua New Guinean soldiers began arriving in Espiritu Santo,^[8] the foreign press began referring to the ongoing events as the "Coconut War".

However, the "war" was brief and unconventional. The residents of Espiritu Santo generally welcomed the Papua New Guineans as fellow Melanesians. Stevens' followers were armed with only bows and arrows, rocks, and slings. There were few casualties, and the war came to a sudden end: when a vehicle carrying Stevens' son burst through a Papua New Guinean roadblock in late August 1980, the soldiers opened fire on the vehicle, killing Stevens' son. Shortly thereafter, Jimmy Stevens surrendered, stating that he had never intended that anyone be harmed.^[9]

At Stevens' trial, the support of the Phoenix Foundation to the Nagriamel movement was revealed. It was also revealed that the French government had secretly supported Stevens in his efforts. Stevens was sentenced^[2] to 14 years' imprisonment; he remained in prison until 1991.

No important people were harmed in the making of this colonial program.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

The Guardian on... tolerance?

Andrew Brown writes in the Guardian of Yetis and realities.

Living in a world where yetis do and don't exist
Yeti scientists have shown we can bounce through different realities, where what's regarded as 'real' is ambiguous at best.

Scientific hunters for the yeti are easy to recognise: they want to bring back the corpse of some other animal altogether. Most recently, a team led by Professor Bryan Sykes of Oxford sorted through 36 samples of supposed yeti fur using the resources of modern genetics and reported their findings with the full scholarly apparatus, including a footnote referencing Tintin in Tibet as the source of "Captain Haddock's suspicions that the yeti was an ungulate".

I see the piece as a welcome affirmation of uncertainty in an often over-certain world. Not quite an unambiguous plea for tolerance though.

Some myths are of course actively pernicious. The stories spread by Aids denialists or anti-vaccine cranks have helped kill thousands if not tens of thousands of people. It's a public duty to go after them.

It's a public duty to go after them - really? In all cases? Actually I suspect Brown's criteria may be pretty tight here, but unfortunately it's a notion many Guardian readers seem to adopt too well and too widely.

Maybe Brown could have included Marxists as an illustration of death-dealing cranks too. Merely to illustrate how complex and confused human notions of reality can be - to widen the spectrum a little. Or perhaps he knows his readership too well for that. I like his last paragraph though.

Normal people – well, everybody, actually – are adept at bouncing through these different "realities" like lumberjacks bounding over spinning logs. We live quite comfortably in worlds where yetis do and don't exist, where they're real in stories and not in the Himalayas. The only dangerous scientists are those who don't understand this or don't believe it's true of themselves, and that they only believe true facts. You couldn't accuse these latest yeti hunters of that. The reference to Tintin proves it.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Dolphins don’t buy books

From Wikipedia

We can be fairly sure dolphins don’t read books simply because we never find sodden pages of dolphin literature on the beach. Anyhow they have no money to buy them.

The dolphin’s lot is abject penury with nothing to read and a diet of cold fish. If they were as bright as some folk make out, they’d do something about that.

Yet suppose human intelligence is merely a complex feature of the natural world. In that case it may be interesting to take dolphin illiteracy and indigence a little further. For example, what if some of our important inventions are not peculiar to humans, but arise naturally from a high level of intelligence and co-operative social organisation?

The two inventions I’m obviously suggesting here are money and books. Paper books are under competitive pressure from electronic devices such as the Kindle and the internet generally, but functionally there is an important equivalence. So I’ll use the word book for traditional or electronic media.

Books are a route by which many adults further their education as they see fit Money is mostly how people manage their material lives as they see fit. Books and money help maintain two of our key freedoms, the freedom to share labour and the freedom to understand what others have understood before us - or at least their opinions.

To my mind it is tempting to imagine inventions which might be common to intelligent species across the universe. In other words, certain socially important inventions could arise naturally on any suitable planet supporting a species of sufficient social intelligence. Perhaps there is a universal logic of exchange and all intelligent social beings would understand both money and books.

Of course we are constrained by our humanity and it is too easy to picture alien species which conveniently share some of our characteristics. Klingons and Dr Who for example. Yet the conjecture is potentially testable because it could be verified if SETI ever makes contact with another intelligent species.

Life being what it is we expect things to be rather more complex though – we expect to be surprised. Also, if dolphins turn out to be as intelligent as we are, then the idea is wrong to begin with because dolphins don’t seem to have much use for money or books. Although as far as I can see, dolphins don’t seem to be particularly intelligent.

So in an odd and inverted sense it may be anthropocentric to assume that money and books must be purely human inventions. On the other hand, it may be that this line of thinking really is anthropocentric and we will never contact an alien intelligence because we cannot recognise intelligence other than our own. And how common is that!

Yet natural law looks very much like the universal language of nature and we would not search in the first place if we did not believe our intelligence to be at least a little more than narrowly human. Surely any contact with non-human intelligence would have to be based on some mutually understood natural regularities – or natural laws.

As things stand this is all lighthearted speculation, but maybe one day it won’t be. Certain aspects of social life could turn out to be aspects of all intelligent life, taking us beyond the range of any telescope - philosophically at least. 

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Democrat vs Republican economics

Eric Zuess' book "They're Not Even Close" compares the economic record of the American political parties from 1910-2010. His analysis shows that most aspects of the US economy are historically stronger under Democratic control than under Republican control. This is also true for the individual states, in that those which lean Democrat have a strong correlation with a robust economy and educational attainment.

Given that Republicans are strongly in favour of self-reliance, big business and the free market, while the Democrats have inclusion and the common good as their official platform planks, this data appears to be counter-intuitive. It does, however, explain why the Democrats have a hard time getting anything done, as they try to please everyone.

One possible explanation is the Game Theory of John von Neumann and John Nash. In brief, many human interactions, including economic transactions, can be modeled as a finite collection of players playing a game. Each player has a finite set of possible decisions/strategies, and a pay-off function, which depends on all of the current choices being made (for a very good explanation, see the Wikipedia entry at http://en.wikipedia.org/wiki/Nash_equilibrium ).

Nash showed that each such game has at least one Nash equilibrium. This is a choice of strategies such that, if any single player changes their choice, their pay-off will decrease. Getting there requires perfect knowledge of all other choices, which is most easily achieved by cooperation.

For a brilliant and simple example of the dangers of pure competition, consider Martin Shubik’s bidding game: We auction off $1 to a group of players. The highest bidder wins it. However, the wrinkle is that the top two bidders have to pay. The only possible non-negative pay-offs for the group as a whole require cooperation, with the maximum being one player bidding 1 cent, and the others not bidding at all.

These models explain why wolves do better than tigers, and ants beat everyone.

So what is it that Democrats do ‘better’? I would argue the concept of public spending as investment, not waste. Here are the kinds of projects usually funded by Democrats, but vehemently fought by Republicans.

Infrastructure – build better roads, water systems, airports etc, and companies can move products and workers more efficiently. In addition, construction involves well-paid jobs, which increases the tax base.

Entitlements – as onerous as this word is to hard-working people, we don’t often see the elderly starve to death, or massive epidemics. Every US city is probably safer than Buenos Aires. How would that change if the poor were actually living on the streets in large numbers?

Education – better-educated people make for a better society, are healthier and less likely to commit crimes (except for fraud).

Science – a bigger contributor to economic growth than abundant natural resources. The problem is that it requires huge investment for unlikely pay-off. This is generally not what companies like to do. Those that do so want results to be proprietary, which necessarily stifles the free exchange of information that progress requires.

So what can we conclude? Mathematics can predict that some cooperation is better for the economy than pure competition.

However, this prediction is after the fact, which is much less useful than before. The only people who will accept the original data are those to whom it is emotionally satisfying, namely economists and Democrats. Republicans will find a way to ignore or explain it away. In other words, the book is sadly unnecessary.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Wimbledon decimal tennis shock!

The game of tennis will be substantially revised as part of a general scheme to harmonise sporting rules, EU Commission President-Elect Jean-Claude Juncker announced today.

"The scoring system in tennis is long overdue for reform," said Mr Juncker. "What is this 15 and 30 points, this first-to-6 games in a set, this ridiculous 3 sets to win a women's match? 3 is a number for witchcraft and superstition. In a rational, scientific world there is no place for measures that are divisible by this barbarian number."

Uncorking his third bottle, he continued, "5 sets for men is better, but still only half as good as 10. And if the winner of each set has to achieve 10 games of 10 points each, then the theoretical minimum points playable are 1,000 instead of, er, 120 - stupid figure," he hiccuped, "or 72 for the ladies of course, blessem."

"And consider the enormous increase in productivity," said the President-Elect in a louder voice, thumping the table so that the remaining seven unopened bottles rattled in their ranks. "The spectators will have far greater value for their money, and the emergency treatment of many exhausted players and onlookers will provide more work for the medical services of which we Europeans - including you British - are so justly proud. This is why the Sports Directive will include provisions for building many new hospitals, employing thousands in long-term projects."

"This is only the start," said Mr Juncker as he forged on with his personal rehydration program. "Why twelve apostles? We could easily dispense with two.

"And if Pluto is reinstated and we add Ceres, there would be 10 planets, instead of this messy 8 and bits. Remind me to tell you about the European Vishnu Plan - destruction of the asteroid belt, comets, the Oort Cloud, sorry I shouldn't be revealing that yet, off the record, urp, I'll have you all on the European Arrest Warrant if you publish that, what have I done with the corkscrew...?"


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Decoding the peak resources panic

Occupy Transylvania protests in Mel Brooks' "Young Frankenstein"

John Michael Greer (The Archdruid) repeats his familiar message this week: we are in slow decline (what James Howard Kunstler calls "The Long Emergency") now that energy sources are becoming scarcer and more expensive. The latest twist in his ever-elegant sermon is the general breakdown of respect for our superiors, so that they cease to serve as exemplars for the underclass, who have set up their own anti-heroes as models of behaviour.

Well, I agree, but only up to a point. The British working class was rioting away at various times in the eighteenth century, over bread shortages and fears of Papism, so social unrest and the celebration of highwaymen are nothing new.

Doubtless there will be resource crises from time to time, and surely oil, gas and coal will not last forever. It must also be a concern that the world's population has boomed and some parts - including the UK - have become hostages to fortune because they cannot feed all their people from their own lands. Age imbalance is a worry, too, with a growing proportion of oldies who can't work - or don't expect to - and who cost so much in personal attention and medical treatment.

It was The Ecologist magazine that first drew my attention to eco-issues, with its call for a demographically-planned reduction in population so that we could climb down the ladder rather than fall off it. A sharp drop in the birth-rate would be a catastrophe for society, argued "Blueprint For Survival" in 1972. Since then, the global headcount has risen from 3.8 to 7.2 billions.

But we haven't hit the buffers of resource constraints yet; that's not what is causing our societal tensions now; at least, not directly. AK Haart argues that behind public fretting about the environment is the anxiety of the Western middle class, concerned for its own material prosperity and social status.

It's now generally known that the real income per hour of the American middle class has stalled since The Ecologist's article was published, largely because the moneyed class used globalisation to undercut them. In the nineteenth century, Chinese workers built railroads in California; now, Asian workers make things for us but in their own countries, and international firms and dark pools of cash in the Caribbean reap the benefits without having to accept the usual lifelong obligations of master to servant. The circle has been squared by debt, at first through issuing Treasury bonds and latterly through reinvestment in the USA - real estate, equities. It's selling the family silver to maintain an unrealistic standard of living.

It's not just the chippy Occupy Wall Street crowd that points out how the rich have become incredibly richer under this scheme - and how the socio-economic crisis threatens to overwhelm even the privileged. In an essay for Politico Magazine (htp: Paddington), billionaire Nick Hanauer argues the case for increasing the minimum wage so that, as Henry Ford understood, a wealthier workforce can stop claiming benefits, pay more in taxes, spend more and create more employment. Unlike some of his fellows, he is not planning to purchase posterity's good opinion (or forgiveness) with charitable donations; he seeks to fix the broken machine.

Whether this is possible in the context of untrammelled free trade is questionable. The drive for ever-closer economic union seems relentless; when the WTO stalled at Doha, the Trans-Pacific Partnership forged ahead. Now the tanks of the Transatlantic Trade and Investment Partnership are crushing sovereign powers under their tracks and threaten to roll right over the National Health Service.

Perhaps nothing can stop the megalomaniac folly except full-scale disaster and the pitchfork army that Hanuaer envisages.


READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

What is Cameron up to?

Apparently, one of Tony Blair's guiding principles was to avoid battles he could not win. Sound enough and obvious enough, so what was David Cameron up to with his handling of the Jean-Claude Juncker appointment?

From the BBC.

David Cameron has insisted his failure to stop the nomination of Jean-Claude Juncker for the EU's top job is not his "last stand" in Europe.

The UK prime minister admitted it would make securing the reforms he wants harder but he vowed: "I am not going to back down."

EU leaders voted 26-2 to reject Mr Cameron's plea to prevent Mr Juncker becoming European Commission president.

Labour said it had been a "humiliating defeat" for a "toxic" prime minister.

Mr Cameron said the selection of Mr Juncker, whom he regards as an outdated Brussels insider committed to closer political union, was "a bad day for Europe".

Surely there is a puzzle here, because the outcome was obvious from the start. It was a battle Cameron could not win and he was bound to come out of it as a feeble loser. So why do it? Why make a big deal of the matter? I only see one possibility but perhaps there are more.

Cameron may have been advised that in fighting the Juncker shoo-in he would attract enough support from other EU leaders to allow him to pose as a kind of moderate EU sceptic.  This in turn could attract a significant slice of the UKIP vote during next year's general election. Yet as neither outcome was likely, he may have been set up.

Well that's the best I can do - I'm scratching my head over this one. Maybe he's simply a plonker

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Climate and the demise of the middle class

To my mind, the climate change controversy has more to tell us about human anxieties than science. For instance, Sackers recently sent me these two links.

Global warming conspiracy theorist zombies devour Telegraph and Fox News brains

Attention climate deniers: This scientist will give you $10,000 for actual proof that global warming is a hoax

The first writer seems to think it's okay for climate scientists to alter past temperature data and anyone who disagrees is the zombie spawn of Fox News. Something like that. The second seems keen to bash any idea that climate orthodoxy has a few skeletons in the closet.

Whatever one thinks of these two items, neither addresses the core CAGW issue which has become too simple for prevarication. The climate itself settled the matter a few years ago when it failed to warm as predicted. Nobody has the faintest idea where global temperatures are going nor why. Not even next month's temperatures. At this stage it's all guesswork and chutzpah.

So the passion in these pieces cannot arise from genuine concern about catastrophic global warming because it isn’t warming - let alone catastrophically.  So what is it all about? Why do people still express themselves in such extreme ways? I do too by the way – from my side of the fence. More often than I’d like anyhow. 

To my mind the CAGW debate is wholly political which is where the passion comes from. It’s about the global demise of the middle classes, their increasing irrelevance as a powerful social class and their demotion to worker-consumers just like everyone else but the elite.

It’s about the prospect of having to compete globally for such basics as energy, raw materials and food. About the possibility that these necessities could become scarce if developing counties consume them with the same profligacy as we still do. Or if they are better able to afford them - and isn't that something to think about?

Certainly when I read blogs, newspaper items and comments on climate change, CAGW proponents tend to use language which does not tie in with what the climate is actually doing. Or rather what it isn't doing. I rarely detect genuine concern about global temperatures.

It’s almost always about bashing sceptics or it's about consumption. CO2 emissions are used as a symbol for consumption - they always have been. The Guardian has wittered away about consumption since I first started reading it fifty years ago – probably longer. It’s not a new refrain. If I remember rightly, PVC should have run out by now, but that’s another story.

Sceptics can be similarly extreme, but I think that may be for different reasons. Or it may not – hard to tell amid the unlovely fog of passion.

To my mind the flaky CAGW science deflects our attention from the real problem which appears to be this deep-rooted anxiety about the future – which I’ll admit to sharing. I don’t want my central heating switched off in winter and I don’t want a world of two monolithic social classes - Them and Us.

The future seems threatening as ordinary middle class people lose whatever political power they once had – even the power to be a social class. So perhaps we would be better off framing the debate in terms of anxiety about the future, accepting that such anxieties cannot always be rigidly rational and scientifically valid.

Perhaps we should also accept that widespread and essentially political anxieties ought to be brought out into the open rather than hidden behind environmental rhetoric and unattractive aggression or simulated and equally unattractive condescension.

As a CAGW sceptic, that’s a debate I would find easy enough to join and maybe find common ground with those who are anxious about political power, natural resources and willing to frame arguments in these terms rather than pretending to understand the climate, or pretending to know that others understand it.

If we humanise the debate in this way, if we take account of the emotional aspects and admit that it is perfectly reasonable to be anxious about our political future, such as the possibility that we might not have a political future, then maybe we’d get somewhere.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Education: 30 years of wasting teachers' time

(Giles' famous schoolteacher, Chalky White)

"Teachers must stop “reinventing the wheel” by drawing up special lesson plans for children and revert to traditional teaching from text books, the schools minister says today.

"Liz Truss said that teachers in English schools spend too much of their time preparing new lessons, worksheets and other materials and not enough on the basic task of teaching children from standard texts.
 

"The failure to use “strong core material” like standard texts is hampering children’s ability to master basic lessons and skills, she said, suggesting many teachers are effectively wasting time on unfulfilling and unnecessary work.
 

"The minister’s comments, in a Telegraph article, come after an international study showed that teachers in England spend less time teaching from textbooks than those anywhere else in the developed world.
 

"The study, from the Organisation for Economic Co-operation and Development, found that teachers are spending many hours every week devising new lesson plans, photocopying worksheets and preparing other materials instead of simply teaching."

Read the full thing here.

Now tell Ofsted and all the other bozos.

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

At what point does government become necessary?

(htp: Captain Ranty)

READER: PLEASE CLICK THE REACTION BELOW - THANKS!

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.