Monday, September 19, 2011

Killer Apps - and the decline of the west?

Imagine Niall Ferguson doing an impression of countryman Sean Connery. Well, watch the TED video below and you will see that and so much more. Ferguson presents the 6 killer apps that allowed the West to diverge from the rest. They are:
1. Competition
2. The Scientific Revolution
3. Property Rights
4. Modern Medicine
5. The Consumer Society
6. The Work Ethic
Ferguson thinks the Great Divergence is over, but does that mean the decline of the West?
The video is 20 minutes, but really worth your time.
Thanks to Matt Bufton.


Friday, September 16, 2011

The myth of job creation


This morning I saw a clever cartoon in the National Post by Gary Clement, so I re-engineered his idea to what you see on the left, and I got to recycle my "change-a-head" graphic. I'm not much of an artist, but I saw Clement's idea and realized it could apply to the Ontario election, in fact any election in the so-called free world.
Politicians love to take credit for job creation, and Dalton McGuinty is as guilty as any of them. And the media are so stupid that they actually reinforce the politicians' position. The truth of course is that the politicians are most interested in their own jobs, but lets be generous for a moment.
Also in today's Post is an article about Dalton McGuinty's visit to a solar panel plant. The plant is idle because of insufficient demand, and the article goes:
"Still, the news that one of the province’s leading solar panel companies has ceased production will come as an embarrassment to Mr. McGuinty, who has been positioning the move into renewable power as a game-changer for Ontario. “Our bold plan is to position Ontario to become North American’s biggest manufacturer of clean technologies,” he said when he visited Eclipsall Tuesday. He routinely compares the Liberal feed-in-tariff, which offers generous rates for solar energy, to the auto-pact that helped build Ontario’s auto industry.
The Liberal government’s efforts have created jobs
 – though the 20,000 number touted by Mr. McGuinty seems highly questionable, far less the 50,000 he says will be created by the end of next year. In addition, they are hardly high wage, high skilled jobs the Premier claims (Eclipsall pays 20% over minimum wage to its workers, who assemble glass and solar cells imported from Asia, thereby qualifying for the Liberal Green Energy Act’s 60% domestic content rule)."
I've bolded the oft repeated lie that even good reporters like John Ivison should avoid, because it is a lie. The "created jobs" occurred because the Liberals decided to support the solar panel industry at the expense of a multitude of other choices that the money might have been used for. Paying down the debt would have been a good idea. 
I predict that the entire effort to nurture green jobs, in Ontario and elsewhere, will end in failure until the market actually chooses to support these industries for reasons other than government preference. I have this support from Jon Stewart's Daily Show. Apparently a major US manufacturer of solar panels: Solyndra, received $535 million in loans from the Obama government and is now bankrupt. Oops.
Misplaced investments are what governments are really good at doing. Picking winners and therefore losers is their game. Have a listen to Stefan Molyneux on Russian Television of all things:
    

Thursday, September 15, 2011

Cutting the government umbilical-cord.

Remember the movie Failure to Launch ostensibly about the grown-up "child" that was reluctant to leave the nest? Today in Freedom Forum, David Krayden writes that the CBC is "the proverbial child who refuses to leave the security of mom and dad’s house, the CBC has shown a definite reluctance to move from state sponsorship to the real world." I couldn't agree more.

Worse than sucking from the government teat to the tune of $1.1 Billion annually, is the constant assault by the CBC mother corp on anything resembling individual liberty and responsibility. And why not?  The CBC wants nothing to do with competition, which is inextricably linked to liberty. Somehow it is the collective responsibility of Canadians to "contribute" to the CBC so it can be the glue that holds this country together. Never mind that all the private broadcasters and their employees have their own incomes taxed to pay for the CBC competition as bizarre as that is. But CBC (and most of the other broadcasters) nurture ideas like continued government funding for the arts, the doom and gloom predictions of global warming, and anything else that pushes the envelope of collectivism in Canadian political thought and society. And you are paying for this!
Have a look at David Krayden's column, and while you are at it, check out Peter Jaworski's view on Government Grants to the Arts where the CBC is mentioned but not in a good way.    

How to destroy an economy, explained in 3 minutes.

The video below is care of my contact at CATO, Dan Mitchell. So, it is specifically directed to the American situation, but it carries a universal message with regard to the action of a government that has unbridled powers.