Utopia, you are standing in it!

Some eighteen months ago, I wrote here on “Money as a Social Construct“. Most civilizations over the millennia have found it expeditious to move from simple, immediate barter of physical objects like cows to some system involving “money”. But what is money? Wikipedia gives the following standard definition:

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.Themain functions of money are distinguished as: a medium of exchange; a unit of account; a store of value.

For convenience, the “thing” used as money is best if it is portable and durable and of limited amount. Gold and silver have historically served these purposes. Even though these are physical objects, their actual value in usage (e.g. how much gold does it take to buy a cow) is arbitrary. Its value…

The Martian (2015) Director: Ridley Scott

Alone on a deserted planet, Matt Damon plays Mark Watney in Ridley Scott’s wonderful adaptation of Adam Weir’s celebrated 2011 science fiction novel of the same name. In the year prior Matt Damon also played a stranded astronaut in a surprise appearance in Christopher Nolan’s Interstellar. The Martian is a eminently enjoyable and enlightening survival-in-space story. When a sudden storm strikes a scientific crew on the surface of Mars in the year 2035 (filmed in the desert terrain of Jordan), its lead botanist Mark Watney is believed to be dead and abandoned by his fellow crewmen aboard the Ares III. When he awakens from the storm, Watney returns to the crew’s rudimentary shelter where he begins devising complex plans for his own survival –growing potatoes using the nutrients from human excrement and Martian soil, while searching for some method…

In our latest blog we’re returning to the ‘Recovering Europe’s Parliamentary Culture, 1500-1700’project. Since late September, we’ve been working with the University of Oxfordand theCentre for Intellectual Historyat the University of Oxford to put togetherseries of blogs that explore European Parliamentary Culture.The series is focused on the Early Modern period – roughly 1500-1700 – but they have ranged more widely, seeking to bring in some scholars of the more recent past to provide different perspectives and insights that might stimulate new thinking. We’re reposting some of the blogs here, with thanks to the CIH and to our colleagues who have commissioned, edited and authored the blogs. To find out more about the exciting programme of work and conferences over the coming year, head to the CIH website.

This blog was originally published on 29 September, written by the History of Parliament’s director,

Bjørn Lomborg: the Skeptical Environmentalist.

When it comes to assessing the costs, risks and benefits of environmental policy Bjørn Lomborg has always tried to provide balanced, detailed analysis supported by facts and evidence. The economic choices we make – about allocating scarce resources to unlimited wants – should – as Lomborg consistently points out – be made taking into account all of the costs weighed against properly measured benefits (see our post here).

When it comes to renewable energy policy, however, fundamental economic doctrine has been simply thrown to the wind.

The wind industry and its parasites tout spurious and unproven benefits in terms of CO2 emissions reductions – reductions which cannot and will never be delivered by a generation source delivered at crazy, random intervals that adds nothing to the entire Eastern Australian Grid hundreds of times each year – and which, therefore, requires 100% of its…

Vladimir Putin’s march across Ukraine has wrecked plans to slash man-made carbon oxide gas emissions with net-zero targets.

Remember a month or so back, when the most pressing challenge was the apparent need to tame global weather using endless subsidies for billions more solar panels and millions more giant industrial wind turbines?

When fossil fuels were anathema, and nuclear was the emissions-free generation source that dare not speak its name?

Suddenly. Oh, so suddenly, those who pretend to lead us are talking an entirely different game.

Placating the doomsday crowd with cheap talk about cheap renewables has been displaced by the need for hard talk about truly affordable power; affordable, simply because it is always and everywhere, reliable.

Terence Corcoran takes the same point a little further in the article below.

Putin blows up NetZero and the green reset
Financial Post
Terence Corcoran
2 March 2022

There can be no…

Otto Eduard Leopold von Bismarck, (April 1, 1815 — July 30, 1898) was a conservative German statesman and diplomat. Later created Prince of Bismarck, Count of Bismarck-Schönhausen, Duke of Lauenburg

In 1847, Bismarck, aged thirty-two, was chosen as a representative to the newly created Prussian legislature, the Vereinigter Landtag. There, he gained a reputation as a royalist and reactionary politician with a gift for stinging rhetoric; he openly advocated the idea that the monarch had a divine right to rule.

In March 1848, Prussia faced a revolution (one of the revolutions of 1848 across Europe), which completely overwhelmed King Friedrich Wilhelm IV. The monarch, though initially inclined to use armed forces to suppress the rebellion, ultimately declined to leave Berlin for the safety of military headquarters at Potsdam. Bismarck later recorded that there had been a “rattling of sabres in their scabbards” from Prussian officers when they learned that the…