Category Archives: Economics

Green Myths and Hard Realities: Sri Lanka as a Warning

What you get when you mindlessly hand over power to distant technocrats

Article by Joseph Solis-Mullen.

Excerpts:

With Sri Lanka’s short-lived green revolution of 2021 having quickly devolved into a real revolution just one year later, complete with the ouster of former president Gotabaya Rajapaksa’s incompetent and authoritarian government this past week, now is a good time to hammer home not only why the effort failed, but why so-called ESG (environmental, social, and governance) policies and the green energy movement more generally are hopeless and destructive wastes of time.

That modern life is totally reliant on carbon-emitting fossil fuels is no reason to lose one’s head. And even though human-caused climate change is a virtual certainty, that is no reason to mindlessly hand over power to distant technocrats who promise to fix anything if only given the authority to engage in their dubious to morally outrageous social-engineering projects. Nor is it any reason to plow money into so-called ESG funds, which are thinly veiled shams, featuring virtually the same equities as most general S&P index funds but with substantially higher fees.

[…]

Demand reliably produces supply. Already many entrepreneurs and corporations are pioneering devices that will help to mitigate or even reverse the effects of climate change. Things may get worse before they get better. I don’t know what the future holds, and neither does anyone else. Respecting the limitations of knowledge and of the human ability to control things is central to allowing free exchange, the foundation of the capitalism that has made us all richer and better off than we would otherwise have been. The alternative is looking like Sri Lanka.

“The successful reliance on voluntary activity”

What collectivism is destroying

In his “The Road to Serfdom”, the Austrian economist Friedrich August von Hayek (1899 – 1992) described the many virtues that the burgeoning collectivism was destroying:

“There is one aspect of the change in moral values brought about by the advance of collectivism which at the present time provides special food for thought. It is that the virtues which are held less and less in esteem and which consequently become rarer are precisely those on which the British people justly prided themselves and in which they were generally agreed to excel. The virtues possessed by Anglo-Saxons in a higher degree than most other people, excepting only a few of the smaller nations, like the Swiss and the Dutch, were independence and self-reliance, individual initiative and local responsibility, the successful reliance on voluntary activity, non-interference with one’s neighbour and tolerance of the different and queer, respect for custom and tradition, and a healthy suspicion of power and authority.”

What he doesn’t mention is that it was mainly churches that carried the voluntary activities.

Jordan Peterson’s message to CEOs

Ditch the evil, satanic "woke" stuff, the DIE and the ESG

He rains down fire, brimstone and pro-free market slaps in the face. He quotes Jesus to them: “From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked” (but then mistakenly seems to say that this is from the Sermon on the Mount – it’s not, it’s from Luke 12:48, but that’s just a minor quibble).

Here it is, the full 25 minutes in all their glory.

These farmers are fighting for us all

We are witnessing a global revolt against the irrationalism of the elites.

Article by Brendan O’Neill.

Excerpts:

It is truly bizarre that pressure is being put on farmers to cut back on emissions, which really means to produce less food. This captures just how entrenched, and unhinged, the cult of green thinking has become among the new elites. So much so that they now prefer to larp as saviours of the planet from a fantasy doom than they do to think carefully about how to generate enough food and wealth to ensure that everyone can flourish. This is where it becomes clear that the otherworldliness of our rulers is not only annoying and often free of fact and reason – it is dangerous, too. An elite that spends more time fantasising about an environmental Judgement Day than it does thinking about how to meet the needs of the population, which sees sunny weather as a sign from Gaia that we must sacrifice things like farming and food production to appease the angry gods of climate change, is an elite that has lost the moral plot. It is an elite that can no longer be trusted.

It isn’t only farmers who are rising up. And it isn’t only the Net Zero derangement that is concerning people. Dutch fishermen and truckers have joined Dutch farmers in solidarity. People in Ghana are protesting against shrinking fuel supplies and power cuts. Cab drivers in Italy are taking to the streets over fuel prices. Farmers and other workers in Poland, Spain and Albania are protesting, too. People are fuming over the cost-of-living crisis, the economic impact of lockdown and the glaring inability of the elites to provide for all. Worse, the glaring inability of the elites even to acknowledge that providing for all should be the priority of society, and that it should matter far more than their own self-indulgent fearful fantasies.

This is why the global farmers’ revolt and the rising up of working people really matters. These rebels are not only demanding that their right to work and to live comfortably should be respected. They are also brilliantly confronting the delusions of the elites, who have got so lost in narratives of fear around climate change, lockdown and everything else that they can no longer see what is real and what is important. The shattering of the elite’s luxury apocalypticism should be seen as one of the key tasks of the 2020s.

It’s crucial to understand what we’re up against

A global type of totalitarianism based on technocratic and transhumanist ideologies

A discussion between Patrick Wood and Dr. Joseph Mercola.

STORY AT-A-GLANCE

> It’s become absolutely crucial to understand what we’re up against, globally, and who’s responsible for the rising totalitarianism and their ultimate intention

> The COVID pandemic was a coup d’état by the technocratic cabal that is behind the global takeover agenda, referred to as The Great Reset

> The Great Reset was introduced by the World Economic Forum, which is tightly coupled to the United Nations and the World Health Organization. Their agenda is to implement a global type of totalitarianism based on technocratic and transhumanist ideologies. Part of that plan also includes reengineering and controlling all life forms, including humans

> While the outward expression of technocracy will appear as totalitarianism, the control center is not an individual. Rather than a single person ruling by the decree, technocracy relies on control through technology and algorithm. This is a very important difference. In short, there will be no individual to blame or hold accountable. The “dictator” is an algorithm

> Technocracy is an invented and unnatural form of economics that expresses itself as totalitarianism and requires social engineering to work. Technocrats in the past defined technocracy as the science of social engineering. Controlling the populace is crucial for the system to function

Continue reading here. (Includes two videos.)

From Finite World to Infinite Growth

The Malthusians decided in their hubris and arrogance that because they couldn’t see a solution to a problem they’d defined, that solution did not exist.

Tom Luongo has written a piece called “From Currency Resets to Limiting Infinite Growth“

In it, he writes:

In a recent article on this blog, I did a quick and dirty takedown of the globalist talking point about infinite growth in a finite world.   That gaslighting was at the core of the conflict in the big story of the Marvel Cinematic Universe of films, which centered on Thanos coming to bring balance by destroying half of the life in the Universe.

Davos has gaslit two entire generations of westerners in the Malthusian talking point that you can’t have infinite growth in a finite world. All of their economic dogma is predicated on this.

It doesn’t matter that this talking point is predicated on an inane premise, truth is, after all treason, at this point in the economic and cultural cycle. But, to try and explain quickly for the slow-witted. GDP growth is not necessarily real growth. It’s just spending. It says nothing for the quality of the spending or whether, in real terms, the people spending the money are materially better off than they were at a previous point in time.

What isn’t measured by GDP is VALUE. Value is what we crave, the ability to plan further into the future, using our ingenuity to find better mousetraps to build and more efficient, and yes sustainable, ways of deploying scarce capital and time.

When you have a monetary system and regulatory regime designed to thwart that to stop growth then you have the world we live in today. That infinite growth is a subjective, not objective, measure…. not in GDP terms but in the ‘alleviation of human misery’ terms.

Davos absolutely doesn’t want this because a world where everyone gets maximal value for their time is a world without our need for them.

Thanos in the Marvel films makes the same mistake Davos and Huxley made, deciding in their hubris and arrogance that because they couldn’t see a solution to a problem they’d defined, that solution did not exist. This justified their acquisition of power unlimited to re-make the world in their image.

I liked his conclusion in particular:

At that point you will then see what the real growth rate of the world is.  Gary North used to say that prior to the early 1800’s the real rate at which wealth compounded was ~1% annually.  Then something changed and it doubled to 2% and that scared the bejeesus out of the elites because too many people were getting rich too quickly to need them to look out for their interests.

Now you know why the Club of Rome began in the 1850’s, why central banking was so bitterly fought over here in the US then. It’s why Marx’s insane ideas were adopted by those with generational power.  It was to STOP our growth as a species, not keep it from destroying the planet, but their system of unearned privilege.

There is no climate emergency

Consider Signing the World Climate Declaration

From the “Climate Intelligence” website:

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A global network of 900 scientists and professionals has prepared this urgent message. Climate science should be less political, while climate policies should be more scientific. Scientists should openly address uncertainties and exaggerations in their predictions of global warming, while politicians should dispassionately count the real costs as well as the imagined benefits of their policy measures.

Natural as well as anthropogenic factors cause warming

The geological archive reveals that Earth’s climate has varied as long as the planet has existed, with natural cold and warm phases. The Little Ice Age ended as recently as 1850. Therefore, it is no surprise that we now are experiencing a period of warming.

Warming is far slower than predicted

The world has warmed significantly less than predicted by IPCC on the basis of modeled anthropogenic forcing. The gap between the real world and the modeled world tells us that we are far from understanding climate change.

Climate policy relies on inadequate models

Climate models have many shortcomings and are not remotely plausible as global policy tools. They blow up the effect of greenhouse gases such as CO2. In addition, they ignore the fact that enriching the atmosphere with CO2 is beneficial.

CO2 is plant food, the basis of all life on Earth

CO2 is not a pollutant. It is essential to all life on Earth. Photosynthesis is a blessing. More CO2 is beneficial for nature, greening the Earth: additional CO2 in the air has promoted growth in global plant biomass. It is also good for agriculture, increasing the yields of crops worldwide.

Global warming has not increased natural disasters

There is no statistical evidence that global warming is intensifying hurricanes, floods, droughts and suchlike natural disasters, or making them more frequent. However, there is ample evidence that CO2-mitigation measures are as damaging as they are costly.

Climate policy must respect scientific and economic realities

There is no climate emergency. Therefore, there is no cause for panic and alarm. We strongly oppose the harmful and unrealistic net-zero CO2 policy proposed for 2050. If better approaches emerge, and they certainly will, we have ample time to reflect and re-adapt. The aim of global policy should be ‘prosperity for all’ by providing reliable and affordable energy at all times. In a prosperous society men and women are well educated, birthrates are low and people care about their environment.

Epilogue

The World Climate Declaration (WCD) has brought a large variety of competent scientists together from all over the world*. The considerable knowledge and experience of this group is indispensable in reaching a balanced, dispassionate and competent view of climate change.

From now onward the group is going to function as “Global Climate Intelligence Group”. The CLINTEL Group will give solicited and unsolicited advice on climate change and energy transition to governments and companies worldwide.

* It is not the number of experts but the quality of arguments that counts

World Climate Declaration plus all signatories in pdf

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Moral Hazard

As seen by economist Thomas Sowell

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

Source.

“We Are Human, We Are Free”

“The Great Reset” Must Be Defeated

Article by Anita McKone. Excerpts:

These elitists have become masters at co-opting all movements of self-respect, self-care and solidarity – their use of double speak means they claim to be supportive of community, fair wealth distribution, truth in the media, ecological sustainability, diversity, racial equality, women’s equality, freedom and nonviolence (for example) while working to implement an agenda that supports none of these things. And their increasing use over the past 70 years of NGOs that sound ‘friendly’ and ‘independent’, but which in fact pursue corporate, imperialist and other elitist agendas, has led to enormous numbers of ordinary ‘concerned’ people putting their money and energy into organisations and movements that dissipate their capacity to genuinely act in their own interests and the interests of life on the planet as a whole.

To take just a few examples – the environment movement has become dominated by the demand for a massive ‘green’ tech revolution that requires further rape and pillage of the peoples and natural environment of Africa and anywhere else rare minerals are found, union movements around the world have become utterly neutered and no longer act in the interests of their working members, medical ‘science’ is most likely to be a profit-making anti-scientific enterprise rather than one designed to further people’s health through use of genuine scientific methodology, and (particularly close to my heart) campaigns using nonviolent tactics have been used to simply achieve ‘regime change’ in centralised states, furthering the interests of transnational corporations, even though this was never the intention of the majority of activists involved.

Vaccine Skeptics are the True Critical Thinkers

A former student of a "nudge" theorist speaks out

Article by Igor Chudov.

Excerpts:

The Asch Experiment, conducted by Solomon Asch, found out that most people, when seeing a “consensus” of participants agreeing on something that is fairly obviously false, actually ends up agreeing with those false opinions just because everyone else seems to think so.

The experiment was originally set up with eight persons, only one of whom was an experimental subject, and the rest were actors. These stooges, who the subject thought were other subjects, were all asked the same question, to which they gave an obviously wrong answer. The subject, who did not know he was the only real subject, was to speak up last.

It turned out that subjects of this experiment (it was repeated multiple times), seeing a consensus of seven smartly dressed men, would end up giving the same (obviously incorrect) answer as the stooges. This conformance experiment literally was a clever way to make people hold and express obviously false opinions.

This experiment was repeated many times, and in the most skillfully conducted experiments, they got 62.5% of subjects to agree with obvious nonsense at least once.

Oddly enough, vaccination rate in the US on Sep 1, right before federal vaccine mandates started, was 62.3%. Vaccination was running out of steam, just as Delta was showing that vaccines were not really “effective”.

[…]

Regarding mRNA “Covid vaccines”: anyone who would think for a minute, would realize that there was not a way to know for sure that vaccines were safe and effective, simply because not enough time has passed. Similarly, anyone could see that the masterminds behind the lockdowns and vaccinations, the billionaires behind the scenes, and the corrupt governments, all ensured that any dissent would be silenced. Thus, the purported consensus did not, in fact, exist at all.