A very peculiar outlook


David Davis

Via Obnoxio the Clown we learn this tonight (he hat-tips the Penguin). It is so extraordinary that I have to short-quote it too:-

The report by the UK National Defence Association (UKNDA), an independent body, quotes the government adviser as saying: “Defence, aerospace, manufacturing and engineering have no real value to us.

“Only high-quality professional services, financial services and the City of London have any real value and they should be supported at all costs. The rest of the country can be turned over to tourism.”

I feel personally insulted, in a grand way.

Who the f*** do these bastards think we all are? What kind of a people are we supposed to be seen as? Grockling peasants, grinning over cow-gates at passing metrosexuals in their chicken-manure-powered Bugattis?

Libertarians must be concerned about the existence of people who think this sort of dangerous, anti-human mountebankistry, which takes them ever closer to Mao and Pol Pot.

Let’s start a DUTCH AUCTION for Northern Rock, NOW…


David Davis

The time is, er 13.30 BST Trafaglar Day 2008.

I BID £10.00 (Ten Pounds only Sterling) for Northen Rock, with all its assets, goods, chattels, movables and landed property its debts to have been written off by HMG: the same (as listed) to be available to be bought freely, until 21st October 2013.

I will then give freely and without let the item known as Northern Rock, to the Libertarian Alliance.

Please go to our poll here, about the British State Enemy Class:-

Libertarian Alliance Statement on Financial Crisis


Sean Gabb

NEWS RELEASE FROM THE LIBERTARIAN ALLIANCE
In Association with the Libertarian International

Release Date: Wednesday 8th October 2008
Release Time: Immediate

Contact Details:
Dr Sean Gabb on 07956 472 199 or via sean@libertarian.co.uk

For other contact and link details, see the foot of this message
Release url: http://www.libertarian.co.uk/news/nr072.htm

“NO BAIL OUT OF THE BRITISH FINANCIAL SYSTEM” SAYS LIBERTARIAN ALLIANCE: “LET FAILED BANKS FAIL”

The British Government’s proposed rescue of the financial system is a fraud on the taxpayers and will fail, says the Libertarian Alliance, Britain’s most radical free market and civil liberties policy institute.

[The British Government proposes to spend £50 billion of the taxpayers’ money on lending to the commercial banks in an effort to ease the liquidity crisis. Full story at  http://news.bbc.co.uk/1/hi/business/7657422.stm.]

According to Sean Gabb, Director of the LA:

“Final responsibility for this crisis rests with the authorities. For at least ten years, the Bank of England – and the central banks in most other countries – has kept interest rates below the market equilibrium. The result has been an orgy of credit creation by the commercial banks. This led to an asset price bubble that has now burst.

“This should never have been allowed to happen. Interest rates should have been allowed to settle at levels that equalised the supply of savings and the demand for loans. But the question now is what should be done about it. The British Government is proposing to use £50 billion of the taxpayers’ money to buy shares in illiquid banks and other institutions.

“Since this is a state-created problem, some state involvement in solving it might be appropriate. Therefore, if there were any chance that spending the taxpayers’ money would restore stability to the markets, the Libertarian Alliance might not object.

“However, it is obvious that £50 billion will not be enough to restore stability. There are trillions of pounds of imaginary money on the markets. The fundamental problem is that no one really believes in this money today, and it just disappears whenever people stop looking at it. No government on earth can painlessly clean up the mess left by the bursting of the credit bubble.

“Governments can stand back and let weak institutions fail. This will bring on the worst financial collapse since 1931, and be followed by a nasty recession. Or they can spray vast amounts of our tax money into the financial markets, which might briefly delay the worst financial collapse since 1931 and a nasty recession to follow.

“The only real beneficiaries of this rescue will be those working in the financial markets. They have spent the past decade stuffing our savings up their noses while telling us they were invested. Now their friends in government have come up with a scheme to use our tax money to pay next year’s bonuses.

“The Libertarian Alliance denounces this proposed rescue and predicts bad times for years to come.”

END OF COPY

Note(s) to Editors

Dr Sean Gabb is the Director of the Libertarian Alliance. His latest book, Cultural Revolution, Culture War: How Conservatives Lost England, and How to Get It Back, may be downloaded for free from http://tinyurl.com/34e2o3. It may also be bought. His other books are available from Hampden Press at http://www.hampdenpress.co.uk.

He can be contacted for further comment on 07956 472 199 or by email at sean@libertarian.co.uk

Extended Contact Details:

The Libertarian Alliance is Britain’s most radical free market and civil liberties policy institute. It has published over 800 articles, pamphlets and books in support of freedom and against statism in all its forms. These are freely available at http://www.libertarian.co.uk

Our postal address is

The Libertarian Alliance
Suite 35
2 Lansdowne Row
Mayfair
London W1J 6HL
Tel: 07956 472 199

Associated Organisations

The Libertarian International – http://www.libertarian.to – is a sister organisation to the Libertarian Alliance. Its mission is to coordinate various initiatives in the defence of individual liberty throughout the world.

Sean Gabb’s personal website – http://www.seangabb.co.uk – contains about a million words of writings on themes interesting to libertarians and conservatives.

Hampden Press – http://www.hampdenpress.co.uk.– the publishing house of the Libertarian Alliance.

Liberalia – http://www.liberalia.com – maintained by by LA Executive member Christian Michel, Liberalia publishes in-depth papers in French and English on libertarianism and free enterprise. It is a prime source of documentation on these issues for students and scholars.

This news release will also be placed on the Libertarian Alliance blog – http://libertarianalliance.wordpress.com/

Oh dear. We are now worse off than we were yesterday.


David Davis

Cameron “stands ready to work with the Government” on the “financial crisis”. I thought that:-

(a) he was supposed to be in opposition – that is to say, he is to bite their ankle, throttle their windpipe, garotte them,, pull them down and then kick their bloodied faces until they die in the ambulance…. (after all, that is what they have done to him and to us since 1997…and this govmint is a collection of overgrown hoodies after all… would not they actually have been delinquents, aggresso-hippies, lefty demonstrators, femaile students who smelled, and thugs, while at “uni” in the 70s and 60s?)

(b) he was to pin the blame for the “crisis” on government, and on Stalinist New Labour regulation and interference.

This will NOT gain Cameron votes. No, not even a poll lead. It is the wrong speech. It will merely serve to continue to identify the Tories with all other (which is to say, leftist) politicians in the UK.

Better the devil you know, eh?

This is something he said:-

Seeking to portray himself as a national leader above partisan concerns, Mr Cameron asked Gordon Brown to bring forward legislation to increase protection for savings and overhaul the rules covering the collapse of banks.

Conservative MPs will vote with the Government in the national interest, Mr Cameron said, dropping earlier objections to some parts of the legislation.

He said: “We are all in this together. Let us stick together and together we will find a way through.”

He added: “Everyone needs to know that we are doing everything we can to help you keep your job, your saving, your pension, your mortgage safe, that we are not playing politics with this and we will always do the right thing to protect your job, and your pension.”

Nah, Dave. You’ve lost it. Sorry. You have just snatched defeat from the jaws of victory.

And…………………

Am I the only person who thinks that “Mortgage” has become a “terror-word”, deployed by lefty journalists (most of the buggers as we all understand) to whip up pro-Gordon sentiment to bash capitalism? I thought that, so long as you can pay it ongoing, as per the original terms, then they can’t foreclose, even if they are Northern Wreck. Or has the law been changed while our back was turned?