Tag Archives: democracy

But what is Money?


This week on Facebook: I have posted a lot on the subject of money, often referring to Investopedia, the International Monetary Fund, European Central Bank (which is not a ‘central‘ bank at all) and the Encyclopaedia Britannica¹.

  • Investopedia: Everyone uses money.
  • IMF: Money may make the world go around, as the song says.
  • ECB: The nature of money has evolved over time.

Holding the views I do about money and especially ‘the double coincidence of wants‘ problem, I now find myself torn between the notions of commodity money and fiat money. Of course whether or not either money has value ultimately comes back to the double coincidence of wants, this time being set by the Foreign Exchange Market².

The value of a country’s currency depends on whether it is a “free float” or “fixed float”. Free floating currencies are those whose relative value is determined by free market forces, such as supply / demand relationships. A fixed float is where a country’s governing body sets its currency’s relative value to other currencies, often by pegging it to some standard. Free floating currencies include the U.S. Dollar, Japanese Yen and British Pound, while examples of fixed floating currencies include the Chinese Yuan and the Indian Rupee. Foreign Exchange Market

The reasons for a State investing in another State’s money may be quite complex, which raises the question of if China’s wealth is in the free floating USA dollars debt that it owns, or the fixed floating currency of the Yuan. Read more of this post

Screwtape revisited


This week on Facebook: Any human thoughts on Theism present many different conclusions, as do human thoughts on the subject of Atheism and you must draw your own conclusions. To a certain extent the Inklings shared religious views¹, particularly on Christianity. Views that were certainly more prevalent than they are today, I mention this because their shared religious views was probably the glue that held the Inklings together, that and the friendship between C.S. Lewis and J.R.R. Tolkien)². Read more of this post

We the People


This week on Facebook: I would venture that there never has been a time in history of mankind when there was not a wealthy Aristocracy. The Encyclopaedia Britannica opens with the definition that aristocracy means, ‘government by a relatively small privileged class or by a minority consisting of those felt to be best qualified to rule’.

Of course the vast majority of people supporting this ‘privileged class’ have no desire to rule, they are only interested in their own welfare. However, the even smaller privileged class¹ that they currently support most certainly do. Furthermore, be they capitalists or socialists, or even the demos (whoever they may be), the ruling elites always claim that they represent the views of ‘we the people’.

It seems to me that the nature of the ultimate revolution with which we are now faced is precisely this: That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude. (Aldous Huxley – Berkeley 1962)

Written nearly 500 years ago and preceding Aldous Huxley’s remarks, the prescience of Étienne de La Boétie ought to be remembered for his essay The Politics of Obedience — The Discourse of Voluntary Servitude. Both are now largely forgotten by a demos that loves its voluntary servitude under a controlling oligarchy. However, searching for a political system on which there would be a consensus in the nature of a more perfect union is a fruitless task, as is any reliance on ‘we the people’ seeking political solutions to their subjugation. Read more of this post

Cassandra on Climate Change


This week on Facebook: I think that action on climate change (which I have been writing about) is a euphemism that enables people to write about the effects of Mathusianism, particularly when comparing economic growth and climate change. Not only is Malthusianism influencing world populations, it is increasingingly being used as a political weapon. A Malthusian catastrophe (in this case) precipitated by an Anthropocene Epoch which not even Thomas Malthus foresaw — a Malthusian world tied together more by individual  concerns over economic growth of their State, rather than the ideology of climate change. Read more of this post

New Scientist — Climate Change


This week on Facebook:  Many years ago I remember reading about a group of scientists (or perhaps not yet scientists), who affirmed the (known to them) expected results of a scientific experiment. The information (affirmation) was a false lead and the experiment was meant to find out how much scientists are biased by ‘expected results’. That scientists can be biased was a revelation to me (at the time), perhaps contributing towards my innate cynicism regarding scientific results¹.

10 Correlations That Are Not Causations: How Stuff Works 

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Meritocracy in China & Authoritarian Democracy


This week on Facebook: I decided to publish a previous post of mine (at least in part), the original has been changed and can be read here. The reason for this reprise being my wish to include the new references at ¹⁄²⁄³ in the post. I’ve also changed an article to one that doesn’t require a subscription or any ‘extra’ reading and made changes to the text, making it compatible with my current posts.

Perhaps the question to ask ourselves is, “Whether or not there is an alternative?”

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Political Systems & Democracy?


This week on Facebook:  I live in a liberal democracy and wonder why others who do support the undemocratic relentless advance of a meritocracy to govern them, or at least a soi-disant version of it. Even in the unlikely event of an electorate choosing to vote for the most meritorious representative, they are still not a privy to their elected representative’s selection by any political system as a representative of any public administration. Both meritocracy and democracy are used as abstractions in political philosophy, it is clear that both words depend on the political system of the State. Whether it is modelled on a Chinese meritocracy, a liberal democracy, the emerging European Union as a political unit, or some other form of political system, they all claim to be democratic.

The world today is divided territorially into more than 190 countries, in each of which a national government claims to exercise sovereignty—or the power of final authority—and seeks to compel obedience to its will by its citizens. Britannica: Political Systems

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China Brazil a perspective


This week on Facebook: I  often publish pieces that I am sure will be of little interest to whomsoever may read my articles, and so it is with this piece that I was drawn by some remarks that were made to me. I have written elsewhere about China’s ‘Belt and Road’ initiative and made frequent references to the Chinese Premier Xi Jinping. I am of the view that the Western World who — when they think about non-fictional history all — have a superior attitude regarding their global influence. This may have been justified prior to the advances in technology, essentially computerisation, the internet and other advances in IT, but not any longer. Read more of this post

Political Meritocracy & Authoritarian Democracy


This week on Facebook: Last week Murray N. Rothbard wrote in the introduction to La Boetie’s Discourse that, How can a free and very different world be brought about? How in the world can we get from here to there, from a world of tyranny to a world of freedom? This prompted me to republish the following quotation made fifty-seven years ago by Aldous Huxley at  Berkely University:

It seems to me that the nature of the ultimate revolution with which we are now faced is precisely this: That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude. (Aldous Huxley – Berkeley 1962)

Read more of this post

Freedom of Expression and Democracy


This week on Facebook: Modern mediums of communication, especially the euphemistically termed ‘social – media’ (of which this medium is a part) expose us all to what many consider to be the abuse of free expression. It is paradoxical that the Human Rights Act 1998, in guaranteeing the freedom of expression, enshrined in Article 10 of the ECHR, is now regularly used in attempts to curb this freedom. Read more of this post

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Martin Widlake's Yet Another Oracle Blog

Oracle performance, Oracle statistics and VLDBs

The Land Is Ours

a Landrights campaign for Britain

The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Blogs and stuff from Ed Conway

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

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