Jonathan Haidt wrote the book The Righteous Mind: Why Good People Are Divided by Politics and Religion. It is about how polarized and nasty our politics have become, how everyone loves to demonize and ridicule anyone from a different political party. But these are things that Adam Smith talked about in his book The Theory…
Adam Smith Meets Jonathan Haidt (on political polarization and the animosity of hostile factions)
Adam Smith Meets Jonathan Haidt (on political polarization and the animosity of hostile factions)
22 Aug 2024 1 Comment
in Adam Smith, economics of education, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left. Age of Enlightenment
Google’s strategy of search engine user lock-in
22 Aug 2024 Leave a comment
in economics of media and culture, economics of regulation, industrial organisation, politics - USA Tags: competition law
The Financial Times reported earlier this month (paywalled):A US federal judge has ruled that Google spent billions of dollars on exclusive deals to maintain an illegal monopoly on search, in a landmark win for the Department of Justice as it seeks to rein in Big Tech’s market power…The ruling follows a weeks-long trial in which…
Google’s strategy of search engine user lock-in
Why Top CEOs Earn Big Paychecks
22 Aug 2024 Leave a comment
in applied price theory, economic history, economics of education, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, liberalism, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics, politics - USA, poverty and inequality, survivor principle Tags: CEO pay, superstar wages
CEO compensation at large firms is high, especially in comparison to average worker wages, sparking debates over income inequality. Critics argue that such pay packages are unfair and disproportionate to actual company performance. Proponents contend that high pay reflects productivity and is necessary to attract scarce top talent to large firms. Let’s go to the […]
Why Top CEOs Earn Big Paychecks
How Chlöe Swarbrick struggled to accept the PM’s position on sovereignty
21 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
Bob Edlin writes – Historian and former Labour Government cabinet minister Michael Bassett, in an article posted here earlier today, said those who spend time on the web examining the Treaty of Waitangi will find claims there are four or even five articles when officially there have never been more than three. Bassett went on […]
How Chlöe Swarbrick struggled to accept the PM’s position on sovereignty
“Keyboard Warrior”: British Crackdown Results in Three-Year Sentence Over Anti-Migrant Postings
21 Aug 2024 Leave a comment
in economics of crime, law and economics, liberalism, Marxist economics, politics - USA Tags: British politics, free speech, political correctness, regressive left
Three years ago, we discussed the conviction of a British man for “toxic ideologies,” under the draconian laws criminalizing inciteful or dangerous speech. The erosion of free speech appears to have only accelerated in the UK. As is often the case, the attacks on free speech increase during periods of unrest, anger or fear. With […]
“Keyboard Warrior”: British Crackdown Results in Three-Year Sentence Over Anti-Migrant Postings
The censored school speech
20 Aug 2024 Leave a comment
in economics of education, law and economics, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, conjecture and refutation, free speech, philosophy of science, political correctness, regressive left
This is the speech by Oliver Jull that won him a spot in the speech competition finals, but then his school canceled as it was worried it may offend some people. You don’t have to agree with it, to think he should be allowed to express his beliefs.
The censored school speech
When The Democrats Loved Trump
20 Aug 2024 Leave a comment
in economic history, politics - USA, television, TV shows Tags: 2016 US presidential election, 2024 presidential election, regressive left
Joe Rogan has just dropped some amazing video of Donald Trump in 2011. Watch. That was in 2011. The crowd gives him a standing ovation. Barbara Walters, who used to host The View, greets Trump as “My friend”, and he engages in hugs and kisses with… Joy Behar and Whoopie Goldberg! He even says the […]
When The Democrats Loved Trump
New Zealand fact of the day
19 Aug 2024 Leave a comment
in international economics, labour economics, labour supply, politics - Australia, politics - New Zealand Tags: economics of immigration
In the year to June, 80,200 New Zealand citizens moved abroad, almost double the numbers prior to the Covid-19 pandemic. Meanwhile, just 24,900 returned, according to Stats NZ — the country’s official data agency. The net loss of 55,300 citizens (which follows a net loss of 56,500 in the year to April) smashed the previous record […]
New Zealand fact of the day
Election Rule #1: Don’t Support Your Opponent
19 Aug 2024 Leave a comment
in economic history, industrial organisation, macroeconomics, monetary economics, politics - USA Tags: 2024 presidential election, inflation, monetary policy
Who is advising this woman? In what universe do they think she can say this and at the same time fool enough voters that she hasn’t been part of the Biden Administration that has had these price hikes happen on their watch, on her watch. Did they not think that Trump’s campaign would run with […]
Election Rule #1: Don’t Support Your Opponent
Truth in Numbers: Cheap ‘Renewables’ Claim Smashed by Crushing Power Bills
19 Aug 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - Australia Tags: energy poverty, solar power, wind power
Subsidised wind and solar are the principal reason for rocketing power prices, and rocketing power prices are the principal reason for rocketing inflation. Branded as “cost of living pressures” the rapid doubling and tripling of retail power costs are always and everywhere about the market destruction caused by massive subsidies to intermittent and unreliable wind […]
Truth in Numbers: Cheap ‘Renewables’ Claim Smashed by Crushing Power Bills
Economic Sanctions on Russia: Ineffective or Insufficient?
19 Aug 2024 Leave a comment
in applied price theory, defence economics, international economic law, international economics, International law, politics - USA, war and peace Tags: Russia, sanctions, Ukraine
Russia had of course already invaded Ukraine back in 2014, but in February 2022 it dramatically escalated the earlier invasion. The U.S. and Ukraine’s allies met Russia’s invasion two years ago with an unprecedented set of sanctions. They put a price cap on Russian oil exports, froze $300 billion worth of Russian foreign exchange reserves,…
Economic Sanctions on Russia: Ineffective or Insufficient?
Biden-Subsidized Offshore Wind Developer Reports Massive Losses In Latest Blow To Industry
19 Aug 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - USA Tags: wind power
The U.S. offshore wind industry has had a wave of project delays, missed production targets and public backlash in the past year.
Biden-Subsidized Offshore Wind Developer Reports Massive Losses In Latest Blow To Industry
All Hail Nuclear: Because Solar Panels Can’t Survive Hailstorms or Hurricanes
18 Aug 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - Australia Tags: solar power, wind power
Solar panels deliver power for around 6 hours a day, struggle during wet/cloudy weather and a decent hailstorm or hurricane wipes them out completely. Anyone recommending solar power as a solution to our growing need for electrical energy needs their head read. Certain parts of the world suffer regular, violent hailstorms, where hailstones outsize golf […]
All Hail Nuclear: Because Solar Panels Can’t Survive Hailstorms or Hurricanes
STEM and matauranga Māori
18 Aug 2024 Leave a comment
in economic history, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, conjecture and refutation, free speech, philosophy of science, political correctness, regressive left
Professor John Raine notes: As regards STEM subjects, when European colonists arrived in the late 18th and into the 19th century, Māori scientific/technical knowledge was approximately at the stage of other developing societies at or pre-3,000 BC, acknowledging that the spiritual/vitalist/animist parts of matauranga Māori would have been differentiated form those of other societies by the…
STEM and matauranga Māori
PETER WILLIAMS: Waitangi Tribunal Report Predictable
18 Aug 2024 Leave a comment
in economic history, law and economics, politics - New Zealand, property rights Tags: constitutional law
Seymour’s courageous but who will support him? That the Waitangi Tribunal was highly critical of the Act party’s proposed, although currently undrafted, Treaty Principles Bill was as predictable as the sun rising in the east. The timing is not surprising either. The Tribunal has become an extraordinarily political body, one that in this instance has…
PETER WILLIAMS: Waitangi Tribunal Report Predictable
Utopia, you are standing in it! 
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