“The Economic Origins of Territorial States”

Brandon Christensen History , , , , , , , ,

That’s the title for a paper by Scott Abramson in the Department of Politics at Princeton. Among the gems in this excellent paper:

[…[ before the French Revolution, before the era of the mass conscript army, wealth could not only purchase the technologies of violence, but also the manpower required to prosecute major wars. That is, rather than being an age when large states dominated militarily, this was a period where the population and natural resource advantages of territorial states provided little benefit in the production of violence. Leaders of states could, for a negotiated price, hire a Hessian colonel or an Italian condotierro and retain their men for a campaign season just as they could use these resources to purchase the most advanced technologies of coercion like siege artillery or rearms. It was by virtue of their economic capacity city-states like Genoa and Florence or groups of independent towns like the Swabian league could raise armies that matched or even exceeded those of territorial states like France or England

and

[…] the relationship between geographic scale and survival probability is the opposite of what war-making theories predict. Over this span small states were more likely to survive than their larger counterparts. In other words, rather than being an age of the territorial state” the period between 1500 and 1800 was one in which small political communities not only persisted but remained the typical form of political organization.

Read the rest of the paper here. So small territorial units dominated much of Europe during the initial phase of modernity and industrialization. What I’m trying to piece together is a way to incorporate the ability of small states to provide for themselves while at the same time maintaining ties with multiple neighbors in a way that binds them economically and politically, but without the coercive apparatus of a central government.

I think Madison was thinking about the same thing when he drafted the federal republic of the US, but it seems to me there is a right way to do federal republics (US) and a wrong way (Latin America). Does this make sense?

In Utah

Brandon Christensen Current Events ,

Hello loyal readers. I’ve been in Utah for the last couple of weeks. It’s beautiful and cold here. I don’t know if I like the combination (reminds me of too many ex-girlfriends).

There is still snow on the mountain tops here. Weird. Beautiful but weird.

From the Comments: Open Borders and Substantial Increases in GDP

Brandon Christensen Comments, Politics , , , , , ,

Dr Delacroix gives us a great review of the most recent literature on the relationship between open borders and substantial increases in GDP (50%-150%):

A Long Comment on The Big Thing (open borders)

Thank you, Rick, for causing me to read this very good paper (and thanks to Brandon for making it easily available). I did not find the 150% increase in GDP you promised . That’s OK because it helps me point to one weakness of this paper that should be relevant to any discussion of emigration/immigration focused on policies. The author seems to have been unable to extract from the others articles on which his is based any coherent time dimension. A temporal dimension seems to be lacking. When discussing public policy it ‘s always necessary to consider: “In the short run, in the long run.” An increase of world joint GDP of 150% in fifty years thanks to relaxed immigration seems plausible; the same rise by next year is out of the question, of course.

On several issues, the author comes close to confusing “absence of evidence” with “evidence of absence.” This may be fine for a scholarly article in the discipline of economics. Difficulty to measure or to act upon should not constrain blog discussion however. Five things.

1 “Begin with the country of origin. The departure of some people such as the skilled or talented from a poor country might reduce the productivity of others in that country.”

“might”?

Qualitative differences between those who emigrate and the population of origin may be very large: This is “cream of the crop” vs “bottom of the barrel” issue. This should be obvious with respect to easily measured age and health status for example. The young and stalwart go first. It may be as true with respect to difficult to measure but obviously existing qualities such as the propensity to take economic risks, for example. Thus, I would be surprised if current Mexican illegal immigrants to the US where not economically more desirable immigrants than their own siblings of the same sex who stayed put. I mean more desirable from my viewpoint, someone who is already inside a country of destination. The risks the illegals took to move act like a beneficial sift in this respect, it seems to me.

Periodically African immigrants drown off Lampedusa in the Mediterranean just for a chance to set foot in the EU where medial jobs expect them. They all have close relatives living in the same economic circumstance at home who did not join them.*

The author calls these considerations a kind of externalities and mentions that they are difficult to measure. Difficult to measure does not mean non-existent; it does not even mean small, as he implies. Passion is also difficult to measure, and so is the wrath of a woman scorned. Neither is small in any sense of the word. Stuff that you do not enter into the equation does not show up in the results except in an unclear, residual sort of way. Those who should be in charge of measuring them, the government bureaucracies of countries of origin, are often inept, corrupt, uninterested or discouraged from doing so by government that prefer slogans to facts. Yet, that’s no reason to write these thing off from our thinking.

2 Author asks sensibly:

“Is productivity mostly about who you are, or where you are?”

Productivity clearly has a lot to do with where you are. (Take a man’s shovel in Sonora, teach him how to drive a backhoe in Brooklyn….) I don’t know what the proportions are between it and the answer to the “who” question but I think it would be absurd to set the “who” at zero. Even national origin may matter on the average: If you absolutely must choose between an unknown Englishman and an unknown Frenchman for a cook, which would you chose?

3 Author is too quick to dismiss the argument of impoverishment caused by emigrants’ departure in their countries of origin. He even uses a logically flawed argument, I think:

“But if human capital externalities from health workers were a first order determinant of basic health conditions, African countries experiencing the largest outflows of doctors and nurses would have systematically worse health conditions than other parts of Africa. In fact, those countries have systematically better health conditions (Clemens, 2007).”

Or, is it more likely that: African countries possessing quality health personnel training programs enjoy superior health conditions as a result (I am thinking vaccinations) and some of the health personnel they train are employable in rich countries.

By the way, this raises the general problem of losing at – least temporarily – the benefits associated with the cost of rearing labor. When a Filipina arrives in the US at 19, ready to work in a hospital, the fact is that I contributed nothing to the cost of bringing her up to that point. Someone else has, in the Philippines, most likely. It’s possible that on the average, the home remittances of such immigrant workers more than covers the cost of rearing and training them. I don’t know if it’s true, or how often. I would like to find out.

Author’s savant discussion of externalities seems (seems) to conclude that even if there is a loss to the country of origin, not much can be done. Of course, something can be done: Let the country of destination pay fees to someone or something in the country of origin that supported the cost of training the immigrant worker; in other words, re-imburse at low cost the expense incurred in creating an unearned benefit in the country of destination.

4 Policy makers in Europe are much exercised over the “lifeboat effect.” Even if immigrants’ arrival results in superior economic growth, even if it solves long term problems, as in Social Security, a sudden influx of large numbers may quickly overwhelm destination societies. It may markedly lower their standards of living. (Think of elementary school classes suddenly crowded with children who don’t know the teachers’ language.) I did not find that this article deals with this matter except between the lines, in an implied manner.

[Wholly theoretical Figure 1 does not help me with this although I am attracted to its curves.]

5 Author does his job as an economist well. He writes about the economics of emigration/immigration and he reports on solid research within the constraints of the discipline of economics discourse. But here are also political consequences of immigration we are free to discuss on this blog. (That’s what blogs are for, I think.) This is especially true for a libertarian blog because it poses squarely the problem of national boundaries, of the respect they are owed or not, of their convenience or inconvenience vis-a-vis libertarian aspirations.

Political consequences of immigration loom large in the imaginations of many people in the countries of destination. The manifestations of their concern are not all vacuous or ignorant, or hysterical. The 8 million Swiss -including many immigrants – may have good reason to wonder how many people they can absorb who think that separation of church and state is not only a bad idea but a major sin. Many French people of old French origin are openly racist. Among those responsible French people who are not racist at all, it’s common to worry about the short-term consequences of the legitimate burden high fertility immigrants place on their already sinking welfare system. (The high fertility is documented; it’s not a rumor.) Many American conservatives are worried about Mexican immigrants’ high propensity to vote Democratic. In the end, it’s possible to imagine a scenario where, in combination with other factors,** Mexican immigration helps turn the United States become a one-party state for all intents and purposes. Incidentally, I like Mexicans and I think they make first-rate immigrants. See my co-author articled with Nikiforov on my – Facts Matter – blog.

Sometimes, author handles humor a little too lightly: “Mayda (2006) finds that it is the wealthier, better educated, and less nationalist individuals in rich destination countries who have more favorable attitudes toward immigration.” Sure thing, I am thinking! They want a steady supply of maids and gardeners.

* As some readers already know ad nauseam, I am an immigrant myself. I had four siblings brought up in pretty much the same micro and macro environments as I. They all shared my mediocre level of educational attainment (high school or less). Three of my siblings never tried to move to a richer country as I did; another tried and failed. The difficulties inherent in emigration must select in favor of the desperate, the brave, and of the sociopathic. (Ask me for a good recent book on the latter.)

** The Republican Party’s current striking political incompetence (small p) looms large on my mind as I write this

Around the Web

Brandon Christensen Links , , , , , , , , ,
  1. Criminal defense attorney Ken White has the most thoughtful take on the recent SCOTUS ruling that pit Clarence Thomas against Antonin Scalia
  2. Ayn Rand versus evolutionary psychology. Economist Bryan Caplan explains why Ayn Rand was wrong
  3. Why were American Economics textbooks so Pro-Soviet? A great question from Caplan (again)
  4. Inequality: Haven’t we had this discussion before? Economist Peter Boettke, a specialist in the history of economic thought, asks the question
  5. Remembering Why Hayek Mattered. A political scientist from Princeton, Keith Wittington, provides a great example

A Racist Old Man. So?

Jacques Delacroix Current Events , , , , , , ,

A rich old white man instructs one of his black employees in private not to be photographed with black men. The black men include other employees he pays millions of dollars for their skills. (I have no quarrel with this fact; if he didn’t, others would. There is a real market here.) The employee so instructed normally provides the old man with lots of face among other rich old geezers because she is beautiful. She contributes to his image, he thinks. She may also sell him some affection. The old guy is 80. Who would bet she provides much more than affection? Part of the deal is that he is allowed to refer to her as his “girlfriend.” Nobody is fooled, I would think.

For my overseas readers,: I refer to the owner of the Los Angles Clippers, an average basketball team that is part of the National Basketball Association (NBA). The old man’s name is “Sterling.” The NBA official who punishes him is named “Silver.” Makes it sound like a family quarrel. And it would be if the press were doing its job. See below.

The media explodes in outrages when those few words are leaked. The manufactured scandal occupies the best part of a day of news plus some. Some African-Americans are permanently in a rage anyway (for reasons I understand, I think.) Other African-Americans find it expedient, political to be also in rage whether they feel any rage or not. What are the white liberal media figures – public friends of racial minorities all – supposed to do? Does anyone think they might have stated, “No big deal, boring,” and gone back to covering real news?

I, for one, am not outraged. I am bored. Why should I care about what instructions an employer gives one his employees who participates in this shaky image building? Why should I care when his own black employees, more than 2/3 black themselves don’t say a thing about the alleged verbal atrocity?

If I did care, what right would I have to do or even say anything? If they are offended, the man’s highly coveted black players and their offended white teammates can walk away, go on strike. Offended players on other teams can refuse to play with the Clippers. The paying public can boycott the team all it wants if it’s scandalized.

Instead, the Grand Poopah of the National Basketball Association – to which the Clippers belong – forbids the old man from attending his own team games forever and fines him 2.5 million dollars. Poopah Silver’s entourage makes loud public statements about forcing him to sell his team.

What is the Poopah going to do if the old man stands his grounds about the fine and flips him one? Does he have a private geriatric jail into which to throw the old man? It all sounds to me like a private confiscation of private property and a gangsterish restraint of trade. That’s a mafia-like action.

I hope the old man fights back and sues. I hope I am on the jury.

Yes, fascism is in the air. But it does not come from a rich old guy with a mind floating in another era and associated prejudices. We learn the next day that US GPD growth for the first quarter of 2014 is 1/10 of 1 %. That’s a French level. President Obama’s policies are all failing, domestic and foreign. The Democratic Party if facing congressional elections in the fall. Many Democrats are running scared. The party needs to draw attention to something else, to anything at all. The mass media are obliging as usual. Panem et circenses and the panem is  stale.

New Book

Jacques Delacroix Books, Current Events , ,

The electronic version of my book is up on Amazon.com. (The print version will soon follow.)

I Used to Be French: an Immature Autobiography

is live in the Kindle Store at: http://www.amazon.com/dp/B00JY0G3SA

Share it with your friends. Fling it at your enemies!

George Keenan’s racism *AND* affinity for the Democratic Party confuses Left-wing journalist

Brandon Christensen Current Events, History , , , ,

From the New Republic‘s David Greenberg:

Normally a supporter of Democrats—in the diaries, he voices support for the presidential bids of Adlai Stevenson, John F. Kennedy, Eugene McCarthy, Frank Church (“promptly regretted it deeply”), and Bill Clinton (“without enthusiasm”)—Kennan was nonetheless profoundly conservative in his worldview.

How on earth could a Democrat be a conservative? The logic of Progressives continues to astound me. Kennan, in addition to being an ardent supporter of Democratic Party candidates, also expresses adulation for ugly racist stuff like eugenics and even goes so far as to express sympathy for Apartheid in South Africa.

Libertarians and honest conservatives have long known about the intricate links between institutional and scientific racism and Left-wing political causes. The logical outgrowth of this subtle racism can be found in many of the Left’s pet political causes, such as Affirmative Action or government housing projects. These are inherently racist policies and if you read the justifications for such policies you can see why they are a natural  outgrowth of Progressivism.

The New Republic‘s David Greenberg is unable to put two and two together, however. To him, the fact that Kennan was a racist and an imperialist and a Democrat does nothing to show him why the Democratic Party is the party of reaction, of conservatism writ large in the United States.

By the way: Just because I think Affirmative Action and government housing projects are racist does not mean I do not support reparations for the US government’s theft of labor from slaves and theft of land from Native Americans. I just think there are better ways of atoning for our government’s sins than engaging in even more fruitless, racist policies.

Physics in Human Action

Fred Foldvary Liberty , ,

Some Austrian-school economists dislike analogies from physics in economics, because they don’t regard economics as mechanical. But since human action is physical, we can understand economics better if we understand the basics of physics.

We begin with space. For human action, space encompasses distance in three dimensions. For economics, space constitutes the sites in which activity takes place. The economics of space includes three-dimensional volume as well as a location. For human purposes, spacial land is fixed relative to the earth. Space is not altered by use, but it is consumed by using its value, as reflected by its rent, over time. There is also another type of economic space in the electromagnetic spectrum, made up of frequencies that travel through three-dimensional space.

The second rudiment of the universe is time, which has two meanings, a moment and a duration. Time is not an input into production, but a dimension of all activity. An analysis that examines a phenomenon over a duration is called “dynamic,” in contrast to the static analysis of a moment.

The third universal rudiment is mass, or its synonym, matter. Mass is what takes up space and has inertia. Economics categorizes mass as land (natural resources), human beings, capital goods, and trash.

A fundamental law of physics is that of conservation, that matter (and its sibling energy) cannot be created or destroyed, but only changed in form. But there is no conservation of value. In economics, production is the creation of economic value, processing inputs to make them more desirable. Consumption is the using up of economic value. Capital goods are items that have been produced but not yet consumed.

Linear velocity is the rate of the motion of a mass object in some direction. In economics, activity has a velocity as a mass of inputs gets processed into outputs, or objects get transported. There is also angular velocity in the speed of rotation, including the velocity of money as its turnover as measured during a year. Momentum equals mass times velocity, including a velocity of zero. Human action has momentum when activity proceeds at a constant speed and direction.

However, economic dynamics involves changes in speed or direction, which is acceleration (including negative acceleration or deceleration). A fundamental equation in physics is F=MA, force equals mass times its acceleration, Newton’s second law of motion. Newton’s first law of motion is that of inertia, that a body will retain its momentum unless an external force is applied. Force makes mass objects accelerate. On earth, mass has a weight due to the force applied by gravity

In human action, force can mean either a physical action, as inputs are moved and combined, or else a coercive action by either criminals or governments. The initiation of coercive force alters what people would otherwise voluntarily do. Such forceful intervention imposes a net loss of value on society by accelerating the mass of human action into directions or speeds that reduce its net utility. The economy and society maximize well being with rules that prevent coercive force.

Newton’s third law of motion is that for every action there is an equal and opposite reaction. When one body exerts force on another body, the other body exerts an opposite force on the first body. This law is what propels a rocket, as the force of the ejected fuel makes the rocket go in the opposite direction. Economic action encounters resistance to motion, or friction, which is good if we want to walk (as without friction we would slide around), but is bad if the friction consists of obstacles imposed by coercive force.

In economics, energy is the generation of heat, light, and movement. There are many forms of energy. In physics, potential energy is mass that can be accelerated into motion, such as an object that can fall down, or molecules that can be combined to create heat and light. There is kinetic energy of motion, with the equation: e = ½ mv2. Einstein’s equation reflecting the convertibility of mass and energy is e = mc2, but that has no relevance in the human scale of action.

In physics, work is force times displacement. Applied to human action, work is done when a person applies force (human exertion and tools) to a mass to change its location or composition, even if the change is only of bits in a computer memory. Work can also be a change in the kinetic energy of a system.

Another physics concept that has been applied to economics is equilibrium, a state of constant momentum, including zero velocity, where there is no incentive or force for acceleration. In economics, equilibrium is the exhaustion of gains from trade. At the moment you pay for goods at a store, you are in equilibrium, as you do not wish to trade any more money for goods. But a moment later, you are in disequilibrium, as some goods now have more value than the money you exchange for them. Market prices and quantities move towards equilibrium to remove a shortage or surplus or to gain from extra production, consumption, and trade.

We can see that the application of physics to human action is not mechanistic, as people act on their subjective values and beliefs and psychological inclinations, but their physical action is necessarily subject to the laws and concepts of physics. F=MA applies to human action as it does to physical particles.

Delacroix’s Autobiography is now out on Kindle

Brandon Christensen Books, Current Events , , ,

After fat far too long, Dr Delacroix’s memoirs I Used to Be French: an Immature Autobiography are finally out. You can find it on amazon.com for $7. The print version should be available shortly.

You can find a short excerpt of his memoirs here.

Congrats Dr J!

PS: Dr J is turning 72 sometime this week. Be sure to wish the young man a happy birthday.

Thoughts on the Tom Woods Show

Dave Liberty

Most of you are probably already aware of Tom Woods, so this may not apply to you, but I wanted to throw a quick plug for him.

Many of my friends are aware of my extreme distaste for talk radio. I heard about Tom Woods podcast from some friends in my local Young Americans for Liberty chapter and also heard him speak at the YAL Idaho convention and decided to give his show a try. It is amazing.

I strongly recommend subscribing to his show if youre interested. It is highly educational and likely fascinating to even the totally uninterested. I believe part of the merit of the show is its appeal to both the intellectual libertarian and the newcomer to political thought. The quality of guests he brings on daily is outstanding. I listen to it at work and learn so much every day. Check it out at his homepage.

Failure and learning

Rick Weber Liberty , , , ,

The last few months I’ve been thinking about the relationship between failure and entrepreneurship. Just now I’m listening to a podcast and that old point came up: going to prison teaches you how to be a better criminal. You’d think that failed criminals would be the last sort of people to learn from, but really it’s just about the perfect sort of school. The general assumption is that people in prison have high discount rates, so they probably came into prison with one thing on their mind: what the hell went wrong with that last scheme?! So you’ve got dozens of people who all screwed up and that’s all their thinking about. That’s a whole lot better than you would get at a university; nobody at a school is thinking about how they screwed up, they’re thinking about how stupid other people are!

So the question is: how could you set up a system where the incentives of K-grad school teachers are constantly thinking about mistakes they’ve made and are able to pass those lessons on to their students? Sounds like science fiction to me.

Voter Fraud; Women as People

Jacques Delacroix Politics , , , , , , , ,

The Democratic Party is strongly opposed to voter identification. It would only mean that people would have to do the same thing to vote  that they have to do to catch a plane, obtain a driver’s license or open a bank account. In the past, they pointed to cases of hardship such as invalids, very old people etc  for whom it would be arduous or impossible to perform the simple tasks associated  with getting an ID. Point well taken. No citizen should be deprived of his right to vote because of ill health and such.

When a  proposal is made to pick up such hardship cases and to take them to be registered free of charge at a time of their convenience, the Democratic Party is still opposed, just  as a opposed. When I vote in my 90% Democrat town (just a guess, maybe it’s only 85%), I always make it a point to show my ID. The poll officials react to my gesture with frank horror. Why?

Nothing stops the Democratic Party from declaring that it would accept voter ID if such and such precautions were taken to ensure that no one is disenfranchised. It does not. Why?

Inescapable conclusion, it seems to me:

1 The Democratic Party benefits more from voting fraud than does the Republican Party;

or, 2 The Republican Party is more respectful of the fundamental constitutional  process of voting than is the Democratic Party.

Am I missing something?

Separate topic:

A youngish woman parks her car in front of my house frequently. I have good reasons to think she is a social worker. There is a window sticker on the car  that says “Mills Alumna.”

Mills College used to be a college for rich girls in the East Bay of San Francisco. Some years ago, it started admitting males. Digression: What kind of guys seek admission to a women’s college? My guess is that the lot would be evenly divided between cold hearted predators and closeted gays.

Anyway, the car also sports a bumper sticker that proclaims: “Feminism is the radical notion that women are human beings.”

Good point but, frankly, what’s the point? Is there any segment of opinion in America that denies this self-evidence? Who is this young woman trying to persuade? Or is it just another shotgut guilt tripping: I am a man; I think women are people; I have always thought so. (After all, I was reared by a mother.) But maybe, there are bad, ignorant men somewhere, maybe even in my neighborhood, who really believe that women are not human beings. Bang, guilty by association! Again!

If at least the bumper sticker were in Arabic, or in Farsi.

What’s the One Big Change?

Rick Weber Liberty , , ,

I enjoy idle speculation, and like many libertarians I like to speculate on the following question: If you could make one big change, what would it be? In other words, what’s the real big issue.

I’m increasingly convinced that the one big issue is immigration. If we opened borders internationally, world GDP would increase by an estimated 50-150%. World income would double! That’s incredible. All those people living on $2 per day would suddenly by doing significantly better if they could only be allowed to work for you!

And the benefits don’t stop there! Gains from trade! By now we all should understand that if I work for you it’s because I value my wages more than my time and you value my time more than the wages (and payroll taxes, and administrative costs) that you pay in order to hire me. So by letting poor people into America they gain by making their employers better off. Their employers are made better off by making their customers better off. You and I are those customers.

So why isn’t this already happenings. There are three basic oppositions.

  1. They’ll use public services without paying taxes.
  2. They’ll depress wages and steal jobs
  3. They might be dangerous. Either because they’ll commit crimes, or they’ll vote for stupid things (like restricting immigration).

I’m not including a more traditional reason for opposing liberalized immigration: xenophobia and racism. Xenophobia makes sense from the perspective of evolutionary psychology, but it’s not a legitimate reason, and it’s one we can choose to be bigger than.

Okay, so point one, simple solution: give anyone who wants one a work visa. Problem solved. Anyone can come here, but nobody is automatically eligible for public services. They’re above board, on the grid, we can see them, and if they commit crimes they’re out. But they’re obliged to pay into a system that they can’t exploit.

Point two: empirical evidence is that the only group in America genuinely negatively affected are high school dropouts. Want to increase high school graduation rates? Increase the cost of dropping out by letting in immigrants. Everyone else is made more productive because immigrants have different skills than natives, creating opportunities for gains from trade. They are complementary to us, and so make us better off by working along side us. Imagine a lone man on an island. He’s a baker. If he meets another marooned baker, it’s nice, but not as nice as if he meets a marooned butcher.

Point three: first off, getting rid of illegal immigration will make it easier to keep people safe from the foreign menace. Second, immigrants currently have lower incarceration rates than natives. Besides, it’s cheaper to punish them: just deport criminals. No feeding, sheltering, and clothing them; just ship them off. For voting: again, just give them a worker’s visa that doesn’t let them vote.

So what’s the takeaway? A simple policy of letting people come into the U.S. to live and work will make nearly everyone better off, especially the world’s desperately poor. America’s poorest (high school drop outs) may suffer, but there are fairly simple ways to address that. Here’s one: use a slice of the tax revenue from the new immigrants to pay for GED’s, and a stipend to give these folks time to study and pass the test. If they aren’t willing to do that, then that’s on them. If they have some disability that prevents it (maybe they dropped out because of undiagnosed learning disorders), then address those problems, because with that increased tax revenue we can afford to. And anyone born after 1999 is responsible for graduating high school and will be told the costs of failing to do so.

What do we get out of it? International poverty reduction, local wealth increase, a more cosmopolitan society, and a better, more humane world.

The subsidies a…

Rick Weber Economics , , , , ,

The subsidies and protections that New Zealand governments once doled out so generously to both agricultural and manufacturing interests had consequences. The economic way of thinking enables one to discern these consequences more clearly and to predict the consequences of alternative policies. Doing so will often clarify the origin of the subsidies and protections, at least for anyone who believes that democratic legislators pay attention to the interests that are paying attention to them.

From Paul Heyne’s Are Economists Basically Immoral.

Fantastic phrasing of the issue of rent seeking. I think skeptics like to think the public choice theorists are cynical for assuming that political actors act in their self interest; this quote turns that view on its head.

La France et Apple

Jacques Delacroix Current Events , , , , , , , , ,

Les réserves financières

de la France: 30 milliards de dollars
de la Russie: 400 milliards de dollars
d’Apple: 159 milliards de dollars.

J’ai enseigné pendant vingt-cinq ans au beau milieu de Silicon Valley. J’y ai gardé des copains, bien sur. De plus, j’habite à Santa Cruz, Silicon Valley-Plage pour ainsi dire.

Il y a de plus en plus de jeune Français bien diplômés à Silicon Valley. Je n’en n’ai pas fait le rescencement. J’en entend parler et je les reconcontre par hasard. Il me semble qu’
on pense beaucoup de bien d’eux ici, de leur niveau de compétence, de leurs habitudes de travail.

On est bien obligé de se demander pourquoi ils ne sont pas en France ou la charcuterie est très supérieure et les vacances beaucoup plus longues qu’aux Etats-Unis.

Vu d’ici, on dirait que c’est la débandade de la formidable et radieuse colonie de vacances que se sont octroée les Français vers 1970. Je suis ce que je peux depuis ici de l’actualité politique française. J’ai l’impression qu on n’aborde jamais le grand problème de fond: l’état nounou n’est pas viable. On ne discute que telle ou telle reformette, telle ou telle diminution des telle out telle prestation sociale.

Le président de la grande banque d’investissement Lazare frères présentait l’autre jour son livre sur les réformes à l’émission que j’estime assez, “On n’est pas couché.” Une de premières choses qu’il dit c’ est qu’il est  “de gauche”. Qu’est-ce que cela veut dire?

On se croirait en 1946, comme si personne n’avait rien appris en soixante-huit ans. Misère!

Le capitalisme marche très bien quand on le laisse. C’est une vraie machine à fabriquer des emplois. Quand on l’empêche de faire son boulot, les gens fuient, à commencer par les meilleurs, comme on pourrait s’y attendre si on s’autorisait à y penser.