Oxfam is as economically illiterate as it is morally purblind

Fans of Theodore Dalrymple

We know a little — and it is not very edifying — of Oxfam’s ethics. What of its economics? The ‘charity’ states in its propaganda that the eight richest men in the world own as much as the poorer half of the whole of humanity combined:

As growth benefits the richest, the rest of society – especially the poorest – suffers. The very design of our economies and the principles of our economics have taken us to this extreme, unsustainable and unjust point. 

Dalrymple examines this incitement to envy — incitement of the type also practised, of course, by the likes of Bernie Sanders and Jeremy Corbyn — in the 2017 essay The Wealth Gap, animated and read for us here by Weg Zorn:

On Weg Zorn’s YouTube channel: Dalrymple’s exposition of how Oxfam’s propaganda is an incitement to envy

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10 Famous Funny Commercials

What’s wrong with this picture?

Fans of Theodore Dalrymple

Answer: It is not staged, but real — it offers a rare glimpse of reality. How does Dalrymple know? He explains: ‘The side-rail of the bed in which the patient lies is in terrible condition. Its white enamel and blue paint are as chipped, and the metal underneath as rusted, as they would have been in, say, Mauritania or the Central African Republic. If it had been a proper North Korean mise-en-scène, the bed-rail would have been gleaming. The chipped enamel and paint, and the rust, give the game away.’

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Serious under-estimates if you ask me. No revealed preference

Serious

Fair summary

THE TYRANNY OF METRICS, Jerry Muller, Princeton, 220 pp.

ThinkMarkets

by Edward Chancellor*

Once upon a time, there was a factory in the Soviet Union that made nails. Moscow set quotas on nail production. When the quotas involved quantity, the factory churned out many small, useless nails. When Moscow realised its error and set a quota by weight instead, the factory produced big, equally useless nails that weighed a pound each.

This much repeated tale of Soviet industrial inefficiency is an urban legend. But it contains a large grain of truth. Communism failed in large measure because central planners had inadequate knowledge of conditions on the ground and their attempts at control were generally thwarted. It would be nice to think that we have learnt from the mistakes of Stalin’s Russia. This is not the case as Jerry Muller explains in his book, “The Tyranny of Metrics.” The world remains in thrall to what Muller calls “metric mania.”

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With friends @nzprocom @moturesearch commenting like this, a zero carbon economy policy won’t survive to face its enemies

Murray Rothbard’s Advice For Environmentalists

Family Guy’s interpretation of today’s ‘The Cosby Show’ opening

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