Mises 2017 Essay Prize


Mises 2017 Essay Prize

For the chance to win £500 and have your essay published by the Ludwig von Mises Centre UK, write and submit one of the following essays:

  1. To what extent is the UK economy ‘rigged’ in the interests of an elite?
  2. ‘The British Right has lost the Culture War.’ Discuss.
  3. ‘Oil wars.’ Is this an accurate summary of US-led interventions in the Middle East of the 21st century?

The author of the winning essay shall also receive an invitation to speak at a Mises 2018 conference.

We are looking for either undergraduate quality academic essays or well-argued opinion pieces of a publishable standard. Essays must be between 2,500 and 4,000 words (not including footnotes) and should be e-mailed to martland@misesuk.org 

The deadline for submissions is 12th December 2017. The winning essay will be revealed on 12th January 2018. Any runner-up essays shall – the author permitting – also be exhibited on the misesuk.org website.

Tu ne cede malis, sed contra audentior ito

(Do not give in to evil, but proceed ever more boldly against it)

Godfrey Bloom: £40 billion plus of Danegeld for the EU?


This afternoon, on the Jon Gaunt Radio Show, Godfrey Bloom spoke about the latest news from Westminster that Theresa May is contemplating handing the EU £40 billion pounds of taxpayer cash in a modern form of paying Danegeld.

If you would like to listen to this interview, please click on the audio link below:

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Heseltine vs. Bloom


Yesterday, on the Jeremy Vine show, on BBC Radio 2, Godfrey Bloom spoke after listening to Michael Heseltine telling us that we had to cave in to the EU on everything that they demand from us to exit their political organisation.

If you would like to listen to these two gentlemen, please click on the audio link below.

Michael Heseltine speaks first, then Godfrey Bloom speaks second, at 4:48:

 

 

Godfrey Bloom: Brexit, Driverless Cars, and Removing Philip Hammond’s Revolving Credit Card


This morning, on the Jonathan Cowap show on BBC Radio York, our Honorary President Godfrey Bloom was involved in an opinion panel discussing topics ranging over marriage, Brexit, driverless cars, social care, and the credit card industry. The discussion was spread over several interview sessions. He was paired with Abigail Scott Paul of the Joseph Rowntree foundation.

If you would like to listen to the various elements of the opinion panel, please click on the different audio links below:

Marriage and Brexit:

Driverless Cars and Social Care:

Dog Ownership and Credit Limits for Individuals and the UK State:

 

The Pretty Façade of ‘Freedom & Democracy’


By Andy Duncan

One of the most wonderful things you can do, just before Christmas, is to visit the street markets of Vienna, one of the grandest old cities in Europe. As well as being able to buy an endless supply of glittering colourful things, the best aspect is that every third or fourth stall you can fill up a copious mug with a delicious draft of hot mulled wine, simply to keep out the icy cold you understand.

What you might also see, if you were to visit this year, is something that looks like this:

ViennaDisguisedBarrier

What could this oddly-sized Christmas-wrapped thing be? A super-sized electric railway set? A particularly large racing bike? A gift perhaps from God Himself?

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Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking


By ilana mercer

“If the tax reform bill goes through, do you plan to increase your company’s capital investment?”

The question was posed to a sizeable group of CEOs at The Wall Street Journal’s CEO Council, in the presence of White House economic adviser Gary Cohn.

A pitiful show of hands failed to wipe the smirk off Mr. Cohn’s face. But at least the knaves were candid. Tax cuts for American big businesses are unlikely to move corporations to deploy that capital to raise the wages of the little guy, the worker.

The repatriation deal planned for fat-cat multinationals is particularly sweet. But don’t expect the “one-time tax rate of 12 percent on cash returns and five percent on non-cash for corporate money repatriated from overseas” to spur investment in the U.S.

Ideally, policymakers would prefer, as Business Insider quips, for companies to “reinvest in their core businesses, as this holds the most direct bearing on economic expansion.” All the president’s men certainly preach it.

But President Trump’s plan to grant the multinationals, tech titans included, a tax holiday, is more likely to see capital used to tinker with share prices. Repurchasing shares, a share buyback, will boost stock prices and benefit large shareholders.

Where a multinational also traffics in human labor, globally—as do the likes of Apple, Cisco, Microsoft, Oracle, Qualcomm, etc.—a lower tax rate on their repatriated earnings is unlikely to redound to American computer programmers and engineers.

In the event these tax holidays encourage American high-tech to “reinvest in their core businesses”—it will not be an investment in employing American talent, which will continue to be replaced apace with foreign workers.

For accretion in employment among Americans to occur, the president would have to turn off the H-1B (and other visa) spigots. He has not.

Multinationals consider the world their labor market. High-tech traitors will continue to replace the worker bees of American STEM—science, technology, engineering and mathematics—with reliably mediocre, culturally aggressive, foreign workers.

And not necessarily because foreign workers are cheaper. Importing workers from India calls for enormous in-house bureaucracies to handle immigration applications and renewals, attendant litigation, and family importation and resettlement packages for tribes of new arrivals (also known as chain migrants). This isn’t necessarily cheaper than employing your local lass or lad.

The H-1B visa racket is, however, a taxpayer-subsidized, grant of government privilege. Duly, profits remain private property.  The costs of accommodating an annual human influx are socialized, borne by the bewildered community.

Moreover, with the exception of Indian companies, such as notorious H-1B hogs Infosys and Tata, visa holders in “marquee high-tech firms like Google and Microsoft” are not paid inferior wages. That’s against American labor and anti-discrimination law.

From the fact that an oversupply of high-tech workers has lowered wages for all techies, it does not follow that the (average) men and women imported are being exploited. Rather, it is the glut of average worker bees—their abundance—that has depressed wages for this particular, high-tech cohort.

So, please conservatives, quit crying croc over alleged exploitation, in the high-tech industry, of poor, foreign-born, “indentured slave-labor.” Misplacing compassion does not add force to the argument, for these are the facts:

Again, H-1B visa holders are not paid inferior wages; they’re getting a fabulous deal. Remember: Voluntary exchanges are by definition advantageous to their participants. They involve giving up something one values less (life in Calcutta) for something one values more (life in Seattle), and finding someone else with “opposite valuations”: An Amazon or Microsoft CEO who values people from Calculate more than kids from Kent.

Humor aside, ceteris paribus (all other things being equal), the H-1B visa holder forfeits his (unexceptional) labor for a salary many times the salary he’d get in India or China or Pakistan. If he were not incalculably better off than he was in his previous life, he would not have taken a calculated risk … in a plush American office or a well-capitalized US laboratory.

No, it’s the American STEM worker who is stiffed.

Perversely, companies such as Qualcomm, Hewlett-Packard and Microsoft pair aggressive demands for more H-1B visas (those shortages, you know) with a ruthless downsizing of domestic workers—this worker deserves your tears, not his imported replacement.

The price of labor in the high-tech labor market is a function of a political, artificially created, ceaseless supply of immigrants. Prattle about the price at which American workers will do certain work is meaningless without a reference to borders and to the thing they bound—communities. Render asunder the quaint idea of borders—and the world is your labor market; communities be damned.

Realize that this ceaseless supply of labor is maintained not through peaceful market forces, but through the use of political power, wielded by wealthy men and women with access. At work here is their Brave New Borderless World, not the invisible hand we love.

Look deeper before maligning the Profit Motive, as the Left wants you to do. Power, more than profits, is what animates high-tech. Just imagine the thrill of seeing your idea of virtue turned into policy that affects the greatest economy in the world.

For tech superstars are true believers in the borderless multicultural state. These arrogant CEOs and their minions are social-justice warriors, first; giants of industry, second.

Already billionaires, tech execs derive greater pleasure from signaling their virtue (via immigration) than from turning a profit. They aim for stardom in Davos, Switzerland, not Des Moines, Iowa.

 

Ilana Mercer has been writing a paleolibertarian column since 1999, and is the author of The Trump Revolution: The Donald’s Creative Destruction Deconstructed (June, 2016) & Into the Cannibal’s Pot: Lessons for America From Post-Apartheid South Africa (2011). Follow her on Twitter, Facebook, Gab & YouTube.

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