Posted tagged ‘Non-Renewables Never Really Run Out’

Must Reads For The Week 8/6/19

August 7, 2019

“The coordination of men’s activities through central planning or through voluntary cooperation are roads going in very different directions, the first to serfdom and poverty, the second to freedom and plenty.” – F. A. Hayek

 

PEOPLE ARE PUSHING BACK AGAINST THE RULING ELITE

Moscow Police Use Force To End Election Protest, Arrest 600, at politico.com.    Excerpt from the article: “Police cracked down hard on an unsanctioned demonstration in Moscow for a second weekend in a row, detaining about 600 people protesting the exclusion of some independent and opposition candidates from September city council elections.”

“The issue taps growing dissatisfaction with a political environment dominated by the Kremlin-aligned United Russia party, in which dissenting voices are marginalized, ignored or repressed.

Hong Kong Protesters, Police Clash As Demonstrations Target Chinese Traders, at reuters.com.    Excerpt from the article: “Sometimes violent, the protests have drawn in millions of people, with hundreds even storming the legislature on July 1 to oppose a now-suspended extradition bill that would have allowed criminal suspects in Hong Kong to be sent to China to face trial in courts under ruling Communist Party control.”

“Critics see the bill as a threat to Hong Kong’s rule of law. Chief Executive Carrie Lam this week said the bill was “dead” after having suspended it last month, but opponents vow to settle for nothing short of its formal withdrawal.”

Iranians Manage To Surf The Web Despite Tide Of Censorship, by Mehdi Fattahi, at apnews.com.    Excerpt from the article: “Before Nazilla Akbari can check out the latest offerings on Twitter or YouTube, she scrolls through an array of icons on her smartphone, searching for the right workaround to bypass state censors.”

“It’s a cat-and-mouse game that has become second nature in Iran, where the clerically-led government restricts access to popular social media sites and where U.S. sanctions create other barriers.”

“Every day I struggle for 40 minutes just to get connected to uncensored internet,” Akbari, a 30-year-old software developer, told The Associated Press. “Even after I do, the internet is so slow that I have difficulty even watching a short video.

Can Boris Turn A Hard Brexit Into A Tax Cut? by Alasdair Macleod, at mises.org. The people who voted for Brexit are going to win. UK bureaucrats who want to remain in the EU, and EU bureaucrats in Brussels don’t realize it yet but they have lost.

Our Ruling Elites Have No Idea How Much We Want To See Them All In Prison Jumpsuits, by Charles Hugh Smith, at oftwominds.com.    Excerpt from the article: “Our Ruling Elites have no idea how many of us already want to see them all in prison jumpsuits, and they also have no idea how fast the moral revulsion with their corrupt “leadership” might spread. Scanning the distracted, consumerist rabble from the great heights of their wealth and power, they reckon the capacity for moral outrage is limited, leaving them safe from any domestic crusade.”

“They also trust that the citizenry can be further fragmented, further distracted, and so they will continue to be invulnerable. Or worst case scenario, a few especially venal villains will need to be sacrificed, and then all will return to the bliss of Neofeudal exploitation.”

“But they may have misread the American citizenry, just as they’ve misread history.”

 

THE POLITICS OF GUN CONTROL

Media Focus On Mass Shootings Shows Disconnect From Actual Crime Trends, by Ryan McMaken, at mises.org.    Excerpt from the article: “…mass shootings are but a very small part of larger crime trends. And, the overall trend has been downward for decades.”

The Myth Of Political Inaction On Gun Control, by Tho Bishop, at mises.org. We don’t want one size fits all Federal laws related to guns. Let each state decide how it wants to deal with gun violence. The Roe v. Wade one size fits all decision didn’t solve anything. It just helped erode civility.

Excerpt from the article: “If half the country views the right to bear arms as a natural right that serves as a vital bulwark against government tyranny, and the other views it as an immoral defense of normalizing weapons of war, there is very little room for compromise. Instead, these political disagreements become a battle of the politically powerful vs. the politically vanquished, with the sides being determined every two years. Control over the senate or the judicial system becomes a matter of self-defense. The result is the saying of “politics as war through other means” taking on a very literal reading.”

Why Red Flag Laws Are Not A Good Solution To Mass Shootings, by Dana Loesch, at thefederalist.com.   Excerpt from the article: “The people who report your Twitter account and your Facebook pages because they dislike your opinion want you to trust a government-run system where people can, without serious penalty of law, report you and have your property confiscated before you’re allowed to defend yourself in court weeks, even months, later.”

“Politicians refer to law-abiding, gun-owning Americans as “domestic security threats,” yet want you to trust them with implementing such a system. I’m talking about red flag laws and the risk they pose to due process—you know, those other rights after the Second Amendment in the Constitution.”

Chicago Sees Most Violent Weekend Of The Year With 55 People Shot, by Tristan Justice, at thefederalist.com.   Why does the media ignore the 1600 shot this year in Chicago? The answer obvious?

The Dirty Secret About Gun Control In Latin America, by Jose Nino, at mises.org. Excerpt from the article:   “By just glancing at Latin America’s current gun policies, we see a region that is in desperate need of more pro-gun laws. Countries like Brazil, Mexico, and Venezuela offer lurid accounts of what happens when most of the population is effectively disarmed when facing real criminal threats.”

“Although the U.S. has work to do in restoring gun rights, Americans take their right to self-defense for granted when we look at other countries like Mexico, which have prohibitive gun restrictions in comparison.”

“Gun control laws only keep the law-abiding from defending themselves against criminals. If we’re being honest, these types of laws should be viewed as criminal empowerment schemes. No amount of virtue signaling, or demagoguery will change that.”

Mexicans Are Safer In El Paso Than In Mexico, by Ryan McMaken, at mises.org. The Mexican government has stated it may take action against the US because Mexican nationals weren’t protected in the recent shootings in El Paso. We know this is a political play.      Excerpt from the article: “…it’s hard to believe that Mexican politicians are truly indignant about the deaths of Mexican nationals in the US when Mexico’s homicide rate is nearly five times that of the US, and among the worst in the world. Moreover, Mexico’s homicide rate in 2017 rose to the highest level ever recorded, climbing to 24.8 per 100,000. Preliminary data suggests 2018 may be even worse.”

“More than 30,000 homicide investigations were opened in Mexico in 2017. In the US, which has 200 million more residents than Mexico, homicides total around 17,000.”

You Never Let A Serious Crisis Go To Waste.” at austrianaddict.com. I wrote this article in 2012 after the Sandy Hook shootings. Since then whenever there is a “mass” shooting in the US, this article always gets a lot of hits.

Always remember politicians, bureaucrats, lobbyists and activists operate in the political world. Politics is the lens through which they view everything. Lobbyists and activists are paid to influence politicians and bureaucrats who have the power of Government behind them enforcing their edicts. Because of this underlying reality, you should never trust what these people say or do, and always question their motives.

 

ENVIRONMENTAL STUFF

Plastic Bans: Imaginary Benefits, Real Costs, by Robert P. Murphy, at mises.org.   Excerpt from the article:     “The Canadian proposal to ban single-use plastics is yet another triumph of symbolism over substance: The measure will do virtually nothing to reduce plastic waste in the ocean and it won’t “help the economy.” However, what it will do, if enacted, is increase greenhouse gas emissions, increase the spread of disease, and greatly inconvenience consumers.”

Recycling: Wasting Resources While Claiming To Conserve Them, by Lee Friday, at mises.org.   Excerpt from the article:      “Profits tell us that a firm has taken various factors of production (labor, raw materials, land, buildings, machines etc.) and combined them to produce products that are valued by consumers, i.e., the products are worth more than the sum of their parts, which means these resources have not been wasted. In contrast, losses tell us that a firm has taken various factors of production and combined them to produce products that are worth less than the sum of their parts, which means these resources have been wasted!”

“Therefore, in order to determine the viability of a recycling enterprise, a free market firm must estimate the cost of committing resources (labor, trucks, machines, recycling plants, fuel etc.) to the task of collecting and processing recyclable materials. It must then estimate the revenue it expects to receive for its recycled products. If it believes the enterprise will be profitable, it will proceed. The firm will have decided that it is cheaper to make certain products from recycled materials than to make the same products from raw materials. In this way, resources in the ground are conserved.”

“However, if the firm does not believe the enterprise would be profitable, it will not proceed with recycling. But resources in the ground are still conserved, because a determination has been made that it is uneconomical to extract resources from the ground to build and maintain the trucks, plants, and machinery necessary for recycling.”

“This is the point constantly overlooked by the public when governments involve themselves in recycling. In our rush to conserve resources, we forget that resources are required for the task of recycling, and we just assume the government is doing the right thing. We must remember that the government operates outside the marketplace, and therefore does not concern itself with profits and losses. When it wants more revenue, it simply takes it from us. Thus, the government has little incentive to minimize costs, which means it has little incentive to conserve resources.”

Non-Renewable Resources Never Really Run Out, by Joakim Book, at mises.org.   Excerpt from the article:     “In 1944 the world’s amount of proven oil reserves were 51bn barrels of oil. In 2018 the world’s proven oil reserves were almost 1,500 bn (BP estimates 1,730bn), i.e., about thirty times that of 1944 — and this despite humanity’s pretty voracious appetite for oil during the seven-odd decades in between. Anyone immersed in the naïve resource depletion theory has to incredulously ask himself — how can this be?”

“Simply put: we found more of it.”

“Markets with well-defined property rights use prices and profit motives to guide the allocation of resources — including, in this case, the investment resources that go into prospecting for oil or digging up metals in the ground. Markets use prices to convey information about the present and future availability of raw materials — with innovation allowing us to find, extract, and use them more efficiently and substitution regulating our want for them.”

 

SATIRICAL HEADLINES

New Legislation Outlawing Violent Gun-Wielding Groups Accidentally Bans Federal Government, at babylonbee.com.

Study Shows Leading Cause Of Gun Violence Is Those You Disagree With Politically, at babylonbee.com.

‘Trump Is Being Influenced By The Russians!’ Screams Communist, at babylonbee.com.

Woke Polar Bear Apologizes For Being White, at babylonbee.com.

Experts Warn We Have Only 12 Years Left Until They Change The Timeline On Global Warming Again, at babylonbee.com.

Sure, Women Can Do Anything A Man Can Do, at daviddrakesplace.blogspot.com. This is funny. But, it also reveals a reality that many want to deny.