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Debt, FRB and the moral high ground I thought I might draw your attention to a BBC News 24 interview in which the interviewer Ben Brown did an exceptional job of accusing a man with cerebral palsy of bringing upon himself the violence he suffered from riot police at last weekend’s anarcho-student rumpus in London. These are the choice cuts:
As an encapsulation of the moral superiority of the victim, this small event takes some beating. Not that the Metropolitan Police are shy about beating anything once they savour the Big-Me moment in the helmet, the riot shield and the stab-proof, fire-proof, thought-proof uniform. Nonetheless, it is the little man in the wheelchair who is going to be the nation’s hero. The government, the Establishment really, has already lost this battle ... not for the chance to confiscate a greater and greater share of our dwindling cash and throw it at the banks and the bond market, but for the consent of the people. Nationalists need to sit up and pay attention right now. The moment to develop a critique of debt and fractional reserve banking - something missing from political nationalism in Britain for many years - is here. The electoral reward for getting it right will be vast. But as yet there is no sign of Griffin realising this screamingly obvious fact. Comments:2
Posted by graham_lister on Wed, 15 Dec 2010 02:49 | # Are we not in the era of “the Last Man”? Nietzsche saw that nothing great is possible for the Last Man, and it is Nietzsche’s contention that Western civilization is moving in the direction of the Last Man, an apathetic creature, who has no great passion or commitment, who is unable to dream, who merely earns his living and keeps warm. Allow him enough in the way of shopping and fucking and the Last Man is happy (throw in some drugs, booze and football too). The last man, Nietzsche predicted, would be one response to nihilism. But the full implications of the death of God (in my view the death of ultimate values as such) had yet to unfold. As he said, “the event itself is far too great, too distant, too remote from the multitude’s capacity for comprehension even for the tidings of it to be thought of as having arrived as yet.” We have just seen the largest transfer of wealth from the mass population to the elite in recorded history and what is the reaction? Nothing in the UK and Glenn Beck crying for the amusement of buffoons in the USA. 3
Posted by Jimmy Marr on Wed, 15 Dec 2010 04:33 | # I’ve been nonplussed by Reptilian videos until this one, GW. Now I’m a believer! 4
Posted by Wandrin on Wed, 15 Dec 2010 07:47 | #
Yup. A primer for anyone not sure what is meant by this http://www.youtube.com/watch?v=vVkFb26u9g8&feature=related (It takes a while to get it. Also it’s easier if you look at it from the start as someone describing a gigantic financial fraud. If you try and understand it as a system designed to be beneficial for everyone then it’s more confusing.)
Care first, understanding second. This is easy at the moment as the current ongoing crisis provides the opportunity simply by making sure to always blame the banking system alongside the politicians and always making sure you call it the banking system rather than just the banks and then always talking about the banking sysytem as if it’s a gigantic fraud against the public. The distinction at the moment is people are already anti-bank but it’s couched in terms bankers being individually greedy After caring comes understanding. This is a lot harder obviously. I think you have to twin track as not everyone will get it and even those who get it their level of understanding will vary. For one set of people you point them at the clearest explanation you can find - written or youtube or both and let them figure it through. In the US Ron Paul has already done a lot of the groundwork on this. For the other half you include in your explanation something simpler but related e.g the Irish “bailout.” I’ve been telling people both the banking system and the goverments have massive debts but the bank’s are offloading their debts onto the taxpayers with collusion from the politicians. The banks lose nothing. The politicians get another villa. The taxpayers get screwed. I also use the inflation as theft line as that’s fairly easy to get even though it’s not quite the same. In a nutshell, pick a consistent label e.g fiat currency banking system or debt money banking system or whatever else you prefer, and then attach bad things to that label whether it’s the full explanation or something simpler. The “system” is basically belief, trust and faith in the various pillars of the system: politicians, the MSM, education, banking. If no-one trusted the BBC it wouldn’t matter what they said. This is especially true of the current money system and the current crisis provides an opportunity to undermine faith in it. 5
Posted by Andrew Neather on Wed, 15 Dec 2010 09:15 | # Actually, if you care to read the BNP’s manifesto, economically it’s far more socialist (national socialist that is, the good type of socialist), than fucking New Labour could ever hope to be. 6
Posted by Bill on Wed, 15 Dec 2010 09:32 | # As I have posted before, a long time ago now, I call in at this policeman’s blog periodically to gauge the mood of the nation’s guardians of the peace. Meet Inspector Gadget and his boys of Rural Town police. http://inspectorgadget.wordpress.com/ The comment section attracts big numbers, Nearly 800 in a recent post on the student riots, but as with most big numbers on blog comments many are one liners Daily Mail style or some even only one or two words. In many ways it reminds me of Guido Fawke’s blog. There’s something about Inspector Gadget’s blog that gets me, I don’t know exactly what it is that I find puzzling, but for saying ‘the job’ are at the sharp end of what is happening (and increasingly so) the comments do not (to me) reflect any awareness of what is happening, call it the big picture if you like. They interminably rail against liberalism. Let’s face it, these chaps really are at the sharp end, when they, (police) are tasked with defending the poer elites status quo, they cease to remain impartial, they become politicised and will do their masters bidding. I’ve oft asked what will the police be prepared to do to ensure the mortgage repayments are maintained, they are already calling for water cannon, baton rounds. As the nation shifts into a austerity mode, civil unrest will escalate and Inspector Gadget’s boys will be in the thick of it. I wonder if they (like the public at large) will ever get it? 7
Posted by Wandrin on Wed, 15 Dec 2010 10:04 | # Andrew Neather
I think the idea is that the current banking crisis provides a particular opportunity to stick the boot into people’s faith in the fundamentally fraudulent nature of the banking system (as opposed to just bankers being greedy) because normally, as mentioned above, Joe Bloggs would just give you a blank stare. 8
Posted by Leon Haller on Wed, 15 Dec 2010 14:45 | # Correct economics (on the evils of fractional reserve systems) interspersed with a lot of socialist horseshit. Will socialism never die?! It has been utterly refuted theoretically-economically; traditional conservatives have always laughed at the socialists’ complete misunderstanding of human nature; and it has empirically failed everywhere, and those failures are glaringly evident: Hong Kong v Red China, Mao’s China v New China, North v South Korea, West v East Germany (whose economic wreckage I personally visited in the early 80s), etc ad nauseam. Yet some nationalist idiots want to resurrect socialism, thereby alienating white middle class savers and property owners, instead of focusing their ire on the nonwhite invasions. Just useless people - badly needing the guidance and direction of educated and intelligent race patriots. Some of you here may be fit for fodder, but please don’t apply for leadership positions! Admittedly, I’m not overly familiar with the structure of British education. But I have seen pictures of the student rioters - and they look exactly like the kind of left-anarchists who are always looking for an excuse to destroy bourgeouis businesses and property here in the US. I’ve had some experience with those types, and they are very anti-racist and anti-fascist. Fuck them! I hope the British police wipe them out, military style (just as I wanted helicopter gunships and even napalm strikes during the LA riots back in ‘92, which I remember all too well, they being way too geographically proximate for my comfort). Britain’s economy is a complete shambles because of the insane public expenditure increases of your recent socialist New Labour shitbags. I of course completely oppose Cameron for not using this crisis to push for immigration cessation, and large scale repatriations. But I thoroughly applaud his austerity measures, and only wish we could elect an austerity government here in the US. I wanted the BNP to make a great showing in the elections. But you all should thank your stars Cameron is doing what he’s doing - and that the morally degraded as well as deracinated British populace hadn’t been fooled yet again into supporting Labour, the traitors who have been destroying Britain since 1945. May an authentic Tory Hard Right rise again, to teach the fucking proles their manners!! 9
Posted by Leon Haller on Wed, 15 Dec 2010 15:04 | # Here are two ways to guarantee that Britain, US, etc, never end immigration (and hence become white homelands again): 1. Spend a lot of time discussing the Jews, how they are responsible for the West’s decline, how Hitler was misunderstood, and why WW2 was a disaster for Britain and the US (it actually was, especially for you across the pond, but in politics, PR trumps truth every time). 2. Spend a similar amount of time referring to rich people as “evil”, “bloodsuckers”, “conspirators”, etc. Be sure to talk a lot about “neoliberalism”, “the working class”, “industrial policy”, “rapacious capitalism”, “usury”, etc. And always talk positively about socialism, “national economic community”, “income redistribution”, etc. In other words, be sure to highlight those aspects of your agenda which make Middle Britain and Middle America view you with fear, instead of the alien colonizers, and minority criminals. And we have to ask why nationalists do poorly electorally? Fucking ‘arses’. 10
Posted by Sam Davidson on Wed, 15 Dec 2010 17:29 | # Leon, Whatever GuessedWorker or anyone else does will not stop you from working with an immigration restrictionist organization. You can still contact your congressman or pass out leaflets. 11
Posted by Andrew Neather on Wed, 15 Dec 2010 17:46 | # Just look what ‘neo-liberalism’ has got you in the USA - You’re fucked.Right royally fucked and permanently fucked. 12
Posted by Wandrin on Wed, 15 Dec 2010 19:12 | # Whatever one’s individual preference i think both National Socialism and National Capitalism could do without a debt-money system. (I’m still wondering about the best label to use - fractional reserve is okay but i’d prefer something that sounded a bit more sinister and fraudulent while still being clear.) 13
Posted by Matra on Wed, 15 Dec 2010 20:22 | # The moment to develop a critique of debt and fractional reserve banking - something missing from political nationalism in Britain for many years - is here. The electoral reward for getting it right will be vast. I hope that is the case but I’m sceptical. Even in the US - despite the work of Ron Paul - this stuff is too difficult for ordinary people to understand. The British are pig ignorant about economics. It is only taught to a small minority in the schools unlike in Canada and much of the US where it is a part of the curriculum. Virtually every relative and friend of mine who is British is a binary thinker when it comes to economics. To them you are either socialist or capitalist. That bankers who make their money underwriting government debt might actually want welfare state deficit spending is something the average Brit would not understand. Banking equals capitalism and capitalism means opposition to the welfare state therefore if you are against the banksters you must support socialism! Unless you’ve got a lot of media access, which the BNP do not, I don’t see how you can change this way of thinking. 14
Posted by Jimmy Marr on Wed, 15 Dec 2010 20:43 | #
(Sam to Leon). I wish it were that simple and benign, Sam, but in actuality, Leon’s delusions have some basis in reality. As soon as I get the NW Republic fully established, my first order of business will be dry-gulching him somewhere in the hinterlands of Aztlan. 15
Posted by faraday on Wed, 15 Dec 2010 20:50 | #
Hasn’t James Bowery frequently explained that the “correct economics” and “capitalism” that the “traditional conservatives” espouse are themselves socialist? That they comprise a regime of property rights (of savings, property, etc) that are subsidized by the debt-backed money and banking system paid for by the taxes on economic activity and by the physical bodies and energies of the enforcers and protectors (police, military, etc) of the regime of property rights? 17
Posted by faraday on Wed, 15 Dec 2010 22:04 | #
“Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful! This is especially true if they were told there was an outside threat from beyond whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will pledge with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government.” “Traditional conservatives” and their petty concerns for “bourgeouis businesses and property” end up serving the enemy’s agenda. Just as their “patriotism” ends up serving the enemy’s wars and foreign policy. They end up serving the very same enemy who is destroying and dispossessing them. 18
Posted by Desmond Jones on Wed, 15 Dec 2010 23:07 | # The moral justification is found in the Old Testament, where every fifty years a Jubilee Year was declared and debts were forgiven. 19
Posted by Captainchaos on Wed, 15 Dec 2010 23:56 | # Leon, It is a different political context in Europe, in which “socialism” has taken its roots for decades. This, even amongst Tories, is taken for granted as a permanent fixture on the political landscape. If things such as the BBC and NHS in Britain were abolished Britons up and down the socioeconomic spectrum would be screaming that bloody revolution had taken place, much as you I’m sure would spare no effort in announcing to all and sundry that Bolshevism itself had come to “America” (I place that in quotes as our country as we would like to think of it is dead) were government media and nationalized medicine established here.
Really, Leon, isn’t such an outburst, and certainly groundless as it is, unbecoming of an Ivy League man such as yourself? The students in question are not “proles” but scions of the middle class - their heads filled with as much nonsense and sense of entitlement as your own.
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Posted by Guessedworker on Thu, 16 Dec 2010 00:44 | # CC: “the unshakable conviction that those who remain loyal will be looked after” Yes, but there are other forms of “looking after” than state provision. Indeed, the insistence on only one or other method being used is just a product of 20th century liberal axiality. There is something to say about human dignity where left-liberalism creates nihilism and dependence, just as there is something to say about fellow-feeling where right-liberalism creates hyper-individualism. Nationalism should be a creed that strives to say both these things. 21
Posted by Frank on Thu, 16 Dec 2010 03:17 | # GW, are you third position / distributist / whatever other name for the same thing? And if so, what books do you Brits recommend on it? I ask because I don’t know of many… Many vaguely point in the right direction, but I’m hoping someone’s worked out the math. 22
Posted by danielj on Thu, 16 Dec 2010 03:25 | # Frank, Check this out: John Medaille He has a new book out on the subject as well: Toward a Truly Free Market 24
Posted by Guessedworker on Thu, 16 Dec 2010 12:31 | # Frank, Can’t help on that today. I come out of the Conservative free market corner, which I remain interested in because there just isn’t a more effective means to prevent sinkage into national isolation. I realise that is hardly a radical position. But I’ve tended to leave questions of social and economic organisation to others. As to the Third Position, with its heavy Catholic charge, I think it is designed to actively pull the nation into a sacralising contemplation of hearth and home and our relations with our fellows. Its social vision has to be that of the faithful finding truths and consolations in the teachings and under the dispensation of Rome. But no faith purpose is the purpose of secular nationalism, and no faith method can be carried wholesale into secular nationalism, which must remain responsive to the modern, technological world and careless as to issues of faith. The tensions inherent to capitalism/socialism have to be resolved, in my view, without ushering us into a proto-Shire world of Catholic contentment. Life must have some of that vitality that our absent friend NeoNoetzsche, safe at his keyboard, likes to commend to the rest of us. I think we should be discussing the socio-economic question much more than we do. James is the only one here who has paid it proper attention. 25
Posted by Frank on Thu, 16 Dec 2010 12:41 | # I appreciate the reply GW. My response to neoNietzsche was essentially there’s a need for life-giving delusions, haha.
Oh, so true. I continue to be shocked that Nietzsche can be used productively. The perspectives here are so very different, and that’s likely why I continue coming back here, though I never have time to read / reply to everything… It’s not only the Catholics who’ve preached such views btw, though admittedly they’ve been most productive… Protestants have written similarly. 26
Posted by Frank on Thu, 16 Dec 2010 13:19 | # Btw GW, you might find Singapore’s example useful. I was reading today in National Geographic that the leader rules seemingly absolutely. Few ever see him, and his ruling views are that man cannot be improved but can be managed. Laws are issued that regulate every detail of life. I found it funny that the leader is Chinese, though many in Singapore are not, and he seems to have imported in Chinese immigrants. All compete fiercely for good jobs, which presumably bring material benefits with them, but the Chinese tend to dominate in that regard. There are no natural resources on the tiny island of 3 million people, but the economy has brought the living standard up to European levels. - Obviously it’s not my ideal, but that’s likely the path one takes without faith. Even under this situation though, the Guardian must be trusted. And since he is not devout, he might rationally decide to transform the society into something totally different. The whole is at the mercy of his whims. 27
Posted by Jupiter7 on Thu, 16 Dec 2010 14:54 | # Leon Haller
The Libertarian movement is infested with wierdos afflicted with Aspergers syndrome. Libertarianism=Tea Party=president Sarah “the slut” Palin=race-replacement..and eventually push the button for nuclear WW111. God how I hate the Libertarians with every fiber of my being. Human beings are not reducible to free market transactions….how the fuck do you think humans survived the ice age. Homo sapiens are at their core communally racial. I wish all the Libertarians would just die off. 28
Posted by Leon Haller on Thu, 16 Dec 2010 15:11 | # Sam, I have been very involved with anti-immigration work for over two decades, including for several years in an official capacity. I’m making a larger point, obviously, which is something like: I’m not a fantasist (see “Jimmy Marr”), I live in the real world, and I want to see advocated amongst at least those styling themselves “intellectuals” changes that are actually possible. I can craft hypothetical scenarios wherein racialists sweep to victory as well as any of you, but I’m concerned with practical measures, for reasons I keep spelling out, mostly to no avail. Jimmy Marr, in actuality, Leon’s delusions have some basis in reality. As soon as I get the NW Republic fully established, my first order of business will be dry-gulching him somewhere in the hinterlands of Aztlan.(Jimmy Marr) Grow up, little boy. And don’t bother men. I can state unequivocally that a man like me is infinitely more likely to establish a white homeland, or to play an instrumental role in such, than an easily mentally malleable simpleton like you. Your type over-predominating among the racially aware and loyal is precisely why our collective situation keeps getting worse. We need serious people, persons of real standing and accomplishment in the normal world, to fight for our race. Persons like you simply repel too many persons of superior caliber from a cause they might otherwise embrace. Faraday, You, or James Bowery, or both, are very confused. I’m really not going to teach the idiots here about capitalism. Go to Mises.org. Study real economics for years, as I have - then we can discuss the ‘metaeconomic’ inadequacies of laissez-faire. But you need the discipline to acquire the basics first. Captain Chaos, I am perfectly cognizant of the history of the West European Left, as well as the correct understanding of “socialism”. No country today is without some socialist elements. That is no justification for socialism. I am not opposed to special state provisions for “old fighters” in some future racial state. And ...? I fail to see the relevance of your comment. Confusing the herrenvolk by introducing additional national character-enervating socialist elements into our political agenda is beyond stupid. I am not “bottom line” in the short term. I am concerned with the ultimate “racial bottom line” of policies, which is why I oppose free trade, and the financialization of the US economy begun under Reagan. I also obviously oppose nonwhite immigration, even when eugenic, and thus actually good for the economy (eg, those Asian entrepreneurs in Silicon Valley have immensely added to real US GDP, but I would still have kept them out, especially of any future volkisch state). Curious, No, I’m not. 29
Posted by Guessedworker on Thu, 16 Dec 2010 18:48 | # Frank, I’ve been to Singapore. It is a Chinese city which does not make too much of the fact for practical and historical reasons. As a people, the Han are so very different to us, and so much more herd-oriented, I do not feel that their society holds any useful lessons, really. It certainly isn’t fair to hold up Singapore as an example of the tinny materialism that awaits us if we don’t admit God into the political process. The notion that social anomie and materialism are products of banished faith is a classic case of the faith-stop, which is what I’ve called the tendency for religios to observe something and link it to their belief, without ever once pondering whether that belief might itself be only a link in life’s chain. Nothing, however, relieves faith’s need for expression, as you say. 30
Posted by Wandrin on Thu, 16 Dec 2010 18:59 | # Matra
I think that’s true but it’s a bit like the multicult argument imo. People resist listening to an alternative to “normality” until they lose their faith in the existing order. I’d say that’s actually the critical element in a “collapse” scenario. It’s the collapse in faith that matters. Even if the banking thing was easier to understand Joe Bloggs still isn’t likely to take any notice unless and until their faith in the existing system goes. So instead of promoting the alternative to debt-money banking just kick the current banking system whenever and wherever possible. This is pretty popular now anyway we just need to segue from the greedy banker argument to the structurally flawed argument. Then if anyone asks what the alternative is point them at something like the link Desmond posted. So it’s attack the existing order first and only promote an alternative after the opposition has already been beaten down. 31
Posted by Wandrin on Thu, 16 Dec 2010 19:03 | # Actually when i said “I think that’s true” to “this stuff is too difficult for ordinary people to understand.” i meant too difficult for the average person to fully understand. You need a lot of people who disapprove of the current system but you only need a few to fully understand the alternative. 32
Posted by Rusty on Thu, 16 Dec 2010 20:16 | # I think the average boy and girl are figuring out what’s what. My young children repeat what they hear from their friends at school, namely, “the Jews are doing all this to us.” To my surprise, it seems that the white kids are not as fearful of being called racist or anti-semite as our parents are. All of the children seem to understand the basics of the crises better than their parents, who are still in denial, who still wet their pants to be called names. Somewhat encouraging to see that the young generation, as unbelievably barbaric and screwed up as they are, are not totally lost. Leon is right about the immediate need for middle-of-the-road, practical leadership. As the empire disintegrates, we should have already been building a parallel system for people to move into. The awareness is there, finally, thanks to blogs like this one. It is past time to move to the next stage. 33
Posted by Thorn on Thu, 16 Dec 2010 20:18 | # Protecting majority interests. What an interesting concept:
source: 34
Posted by Rusty on Thu, 16 Dec 2010 21:39 | # If the nationalists really want to run out the dirty foreigners, they should start having more babies. 35
Posted by Jimmy Marr on Thu, 16 Dec 2010 22:32 | # Serious Man,
During the aforesaid decades, immigration has increased exponentially. Maybe there’s room for alternative fantasies? OR, Since you were very involved in an official capacity during this genocide, maybe you should take official responsiblity for it? 36
Posted by faraday on Thu, 16 Dec 2010 23:18 | #
You must be a bit slow if it took you “years” to study so-called “real economics” i.e. Austrian School economics since it’s basically just von Mises and Rothbard’s verbiage. Spend some at Mises.org and you realize that they’re just a bunch of intellectual mediocrities mindlessly repeating and applying the dogmatic formalisms of von Mises and Rothbard from decades ago and policing and attacking ideological deviates. No genuine thinking, just brainwashed parrots. It feels exactly like one of those Jewish intellectual movements that Kevin MacDonald has written about that revolve around authoritarian rabbinical figures (i.e. von Mises & Rothbard). I spent some time on Mises.org and got the sense that there was something wrong about the dogma there. James Bowery has explained what this major flaw is. 37
Posted by Lioness Howler on Fri, 17 Dec 2010 02:07 | # When reading what follows, bear in mind that Rojas and Sommer are mamzer Jews, and Judy Marr is a 115 lb. descendant of clan Wallace. Also bear in mind that “past speaker and member Jimmy Marr” went on to lead the forum until it’s termination by resolution by faculty senate in September 2010. The last presentation was given on August 23, 2010, and was a reading of James Bowery’s Secession from Slavery to a Free Scientific Society. We have not yet begun to fight. You know victory lies ahead when you have to compete with Jews to undermine the Hoax. Pacifica Forum member walks out Published: Saturday, February 20, 2010 Eddie Cascio: producer/student (The Acorn)
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Posted by john fitzgerald on Fri, 17 Dec 2010 05:14 | # Hoppe, the leading libertarian thinker, has addressed the issue of exclusion: 39
Posted by Leon Haller on Fri, 17 Dec 2010 12:05 | # You must be a bit slow if it took you “years” to study so-called “real economics” i.e. Austrian School economics since it’s basically just von Mises and Rothbard’s verbiage. Spend some at Mises.org and you realize that they’re just a bunch of intellectual mediocrities mindlessly repeating and applying the dogmatic formalisms of von Mises and Rothbard from decades ago and policing and attacking ideological deviates. No genuine thinking, just brainwashed parrots. It feels exactly like one of those Jewish intellectual movements that Kevin MacDonald has written about that revolve around authoritarian rabbinical figures (i.e. von Mises & Rothbard). I spent some time on Mises.org and got the sense that there was something wrong about the dogma there. James Bowery has explained what this major flaw is. (faraday) I actually agree with much of this, especially the Jewish guru part, as well as the unbelievably dogmatic aspect of libertarians in general. I AM NOT A LIBERTARIAN. How many times do I have to repeat that??! I am not even a pure laissez-fairest - again, as I have stated. I recommended Mises.org due to the excellent books they carry, not the various mediocrities who publish short articles (though some of those articles could teach someone a great deal about the free market). If you don’t think reading and really understanding Mises’s Human Action and the best of the Austrian School takes years, then it’s quite clear you haven’t read much or don’t understand it. That goes for everyone here. It’s pathetically obvious to me that most of you have very, very little grounding even in substantially incorrect neoclassical economics, let alone Austrianism - though of course ignorance doesn’t stop you from issuing criticisms. For example, it is the Austrians virtually alone who are the major critics of fractional reserve banking, the ostensible subject of this post. Certainly they have developed the most economically sophisticated critique. Nationalists need to avoid the old “polylogism” trap; that is, the ridiculous notion that knowledge is race or ethnicity specific. The most extreme inanity was Hitler’s derision of “Jewish physics”, that physics which later produced the atom bomb which would have destroyed German will as surely as it did Japanese. I am way ahead of most of you (exceptions being Notus Wind, and maybe Bowery, though I need to read more of his stuff; what I have read shows a lot of confusion) in my own critiques of pure capitalism, which, however, are rooted in disciplines other than economics. Economically speaking, there is no more efficient allocative mechanism (nor certainly, ethically, any more fair system) than the free market. There are, however, extra-market criticisms of free markets, but they have to do with ecological concerns, on one side, and national defense (or racial defense, if you prefer), on the other. In other words, economically, the free market is perfect. Metaeconomically, absolute freedom needs to be sometimes sacrificed. But those sacrifices must be built on a base of free market understanding. Thus, if we pursue protectionism, we are doing so for some political goal (which can ramify economically), but we should recognize that we will be somewhat materially poorer for doing so. Do people here actually grasp my arguments? 40
Posted by I get drunk with Ayn Rand on Fri, 17 Dec 2010 16:00 | # The egalitarians are fucking things up here in the USA. Forcing companies to hire and place women, groids and other muds into positions which others may be more qualified puts our companies at a competitive disadvantage. In the theoretical capitalist system, merit and qualifications are the main elements which determine an employee’s worth. Quotas and affirmative action hires not only put companies at disadvantages due to higher overall payroll costs, but they also create tension in the workplace. The employees who produce will invariably have to carry those who shouldn’t be there in the first place. That aforementioned tension expends energy that otherwise would be directed towards the companies’ objectives. Companies in China don’t face these problems since they are, for all practical purposes, one ethnicity, Han. In a capitalist system, it would behove an employer to hire the best qualified for the job regardless of race or gender. Let the market decide. If women for some reason, are more suited to perform a certain task, then it would be foolish for an entrepreneur to hire men, right? It wouldn’t be long before the compitition puts the foolish businessman’s company out of business. Bottom line: Let the free market sort these issues out. Otherwise China, et al, will continue to eat our lunch. 41
Posted by Sam Davidson on Fri, 17 Dec 2010 16:51 | #
Let’s be fair to the Germans. The Jewish physicists were horrible at producing experimental results. Meanwhile, men of Northern European descent like Ernest Lawrence were inventing cyclotrons. Wolfgang Pauli was known for the “Pauli Effect” where random pieces of laboratory equipment would mysteriously break whenever he was near. It was this kind of incompetence that resulted in attacks against Jewish “science.” Without “Aryan” inventions the atomic bomb would have never existed. A couple of links: 42
Posted by Hamish on Fri, 17 Dec 2010 21:59 | # You’re delusional Sam. Wolfgang Pauli was known for the “Pauli Effect” where random pieces of laboratory equipment would mysteriously break whenever he was near. It was this kind of incompetence that resulted in attacks against Jewish “science.” So it didn’t have anything to do with the German regimes general hostility toward Jews? If it was just a question of incompetence, why did they also reject the “Jewish science” of the highly competent Einstein? Why did they reject the Theory of Relativity itself as “Jewish science”? 43
Posted by john fitzgerald on Sat, 18 Dec 2010 01:32 | # Einstein competant?
[Today, 12 June 2010, Dr C. K. Raju, Distinguished Professor and Director (Academic), Inmantec, receives the Gold Medal for the year 2010 from the Telesio-Galilei Academy of Science, at the University of Pécs, in Pécs, a city in Hungary declared the European Capital of Culture for 2010. The award is being conferred on Prof. Raju, among other reasons, for pointing out a mistake made by Einstein and correcting it. The full citation is at http://www.telesiogalilei.com/tg/index.php/academy-award-2010 In physics, he defined a product of Schwartz distributions, and proposed an interpretation of quantum mechanics, dubbed the structured-time interpretation, and a model of physical time evolution. He also noted that every aspect of special relativity was published by Poincaré in papers between 1898 and 1905, and that Einstein made a mistake on which much of modern physics rests. He has proposed appropriate corrections. This award is in recognition of these deep insights into these areas of physics.
Prof. Raju played a key role in building India’s first supercomputer Param, and is well known for his path-breaking work on mathematics and the calculus. His researches are described in several acclaimed books including Time: Towards a Consistent Theory (Kluwer Academic, 1994; Fundamental Theories of Physics, vol. 65), The Eleven Pictures of Time (Sage, 2003), and Cultural Foundations of Mathematics (Pearson Longman, 2007). (See http://ckraju.net for m,ore details.) - Editor]
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Posted by BOMBkangaroo on Wed, 15 Dec 2010 02:12 | #
As important as it is, and at the risk of sounding negative, how do we make Joe Bloggs pay attention long enough to explain to him fractional reserve banking, let alone make him care?