Friday, January 27, 2012

Images less than prime ministerial

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Photography does not get any better than this. We have images of the Prime Minister of Australia, Labor leader Julia Gillard, being mobbed by rioters. Catch this series of images:
1. We have Julia clinging for dear life to a party colleague
2. We have Julia being protected by her collleague
3. We have Julia missing a shoe
There is another photo of her recuperating in a staff vehicle. These images can do nothing for her credibility. The interesting issue is how she came to be mobbed for the outspoken comments of the Opposition Leader who is trailing behind in one of the photos.
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Author
Andrew Sheldon

Friday, October 28, 2011

Foreclosed houses being destroyed in the USA

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You'd have to wonder why banking CEOs are paid so much when you reflect on their 'narrow' thought process. We have in the US a situation where homes in foreclosure are being destroyed in order to 'clear markets of excess housing stock'. When this happens of course, housing prices will rise, economic demand will stimulate spending. The problem is: 'Housing is an asset' - a potentially productive asset. Why would you destroy it? You have millions of highly skilled Mexicans, Koreans, Chinese, Filipinos who would love to have such housing. If a rebalancing is required in the local economy, why not raise immigration so that these houses can be filled by 'paying customers'.
I don't for a moment think that this housing stock is the best quality stock in the USA. I imagine these properties are 'the pits' for some, but for others they are not so bad. Let's look at their failings:
1. They incur local and state taxes - I'm not an American and I know it depends on your state, and I know taxes are high. Let's say $3000 per year. Am I close?
2. There is every reason to think that rural depopulating towns will struggle to fill these homes with people. This means a lot of vacant stock
3. The house prices in these towns have fallen, jobs have been lost. There is no longer any reason to stay in these towns - right? - because there are no jobs or services.
4. Property values have been driven down to land value I suspect; and the banks are paying taxes on them. In fairness, if not for government support, its probable the banks would never have lent to these people. Bank executives did not care because 'they were paying it forward', i.e. Their execution options would be cashed in before the crisis would occur.

The question is then - should these towns be salvaged? Should poor people be living in these towns? As opposed to being homeless. What about the defaulters? It was not their fault; and they were managing to etch out a life in the property before, so why are they not capable of staying there? The reason is probably that they have lost their job in the recession. The house cannot be sold.

If you are not going to give or sell these homes to immigrants; why not just give them to the poor debtors; i.e. Why not forgive their loans. After all, the crisis was caused by the government-sanctioned regulatory framework, not by these defaulter. The debtors were acting in good faith in many cases. There is just no justification for destroying property. That is what happens in war, and we only do that to cripple enemies. But here, we are trying to wipe out assets to save money, which cripples the ability of the country to recover.
These banks are functioning in an intellectual vacuum. This is mindless 'bureaucracy' and its coming from larger-than-life, way to detached and comfortable banks. Government has created an unhealthy savings culture. We used to get paid interest from banks. In the modern world, with all the fees, we actually have given banks the power to extort wealth. i.e. Banks have the power to expropriate fees; a concession that no other enterprise has. You have to wonder why?

If you are interested in foreclosed houses in Japan or the Philippines - check out our blog. I particularly recommend the Japanese foreclosed property market.
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Author
Andrew Sheldon

Tuesday, September 27, 2011

The philosophy of crap

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Philosophy - its just crap right? Well; not entirely. The problem with crap is the 'craper' rather than the crap. Its not that exists, its where people decide to leave it. Philosophy is an expression of people's thoughts.
I say, if the philosophy sounds like crap, it is probably because it is crap. i.e. If it is difficult for you to understand, it is because the author:
1. Never intended it to be understood
2. Had to bury it under so much crap that they needed to confound you in order to feel superior. You probably thought them more profoundly smart because you did not understand them. On the contrary, they are evading their own stupidity.

The point is - to the idealist who comes up with this crap; they want you to think they are profound because you could not suffer intolerable pain of reading their work. This is proof to them that they are not an imbecile. This is of course rationalism at its worst; and there is no good rationalism. They are deluded people, and they populate our universities, and they are a burden carried by society. Politicians love them because these parasites on the Western productivity machine sabotage what is good about society. They have always existed in one form or another, whether as religious scholars, children of religious or collectivist parents, or as the modern-day academic. They are of course supported by the average taxpayer who cares little for what their expropriated wealth finances. The modern-day academic is currently dreaming up a number of rationalisations to justify several distortions to society. There was Keynesianism in the 1920s. That had a long life. Now governments need another scam. They have several:
1. Animal rights - the influential person here was Peter Singer - nevermind that utilitarianism has been widely discredited. Peter had the desired effect of rationalising a framework for a lot of tragic souls to fight for animal rights. Governments duly got on board.
2. Climate change - The empiricists within academic, whom are really just a form of the idealist, have a disdain for ideas, so they ignore the intellectual framework upon which their ideas are based. They accept scientific method effectively on 'faith' rather than examining the quality of scientific work. If they did, they would realise that there are a number of flaws. i.e. Correlation is not causation.
3. Crime - Punitive discipline is the hallmark of good parenting right? Consistency is all important. They are the hallmark of rationalists who do not understand their game. Governments love to appeal to the communities desire for security. The problem is - they will never solve the problem; moreover they are making it worse because of the anti-intellectual approach to political discourse and justice. That's right, you asked for democracy, and you got it. You asked for it because you though you needed what others had. But in fact, you got what they didn't have, which was effective representation. Dream on! There is only one objective standard of value - rationality - and it does not come at the point of a gun, its not a numbers game, and it does not entail majoritism.

But back to my original point. How to tell the difference between crap. I often read philosophy; and some are utterly unreadable. Some are readable, but its like walking through a maze. e.g. John Rawls. Its apparent that these people are trying to hide something from themselves, as well as from you. On a psychological level, they are philosophical liars, rationalising that which they could not justify if they spoke in simple terms. I'm currently reading this hypothesis:

Chakravartty, Anjan, “Scientific Realism”, The Stanford Encyclopaedia of Philosophy (Summer 2011 Edition), Edward N. Zalta (ed.). Read this quote and my simplification of it, and tell me that this 'wordiness' is necessary.
Original: "A final and especially important qualification to the general recipe for realism described above comes in the form of a number of variations. These species of generic realism can be viewed as falling into three families or camps: explanationist realism; entity realism; and structural realism. There is a shared principle of speciation here, in that all three approaches are attempts to identify more specifically the component parts of scientific theories that are most worthy of epistemic commitment".
My revision: "There are three approaches to identifying the components of scientific theories that are most worthy of epistemic commitment or speciation".
This is a reduction in wordiness of about 300%. You can't buy that type of productivity improvement in philosophy departments.
This is the modus operandi for too many philosophers. It is not even restricted to academia. Unsurprisingly, its the basis of legal discourse as well. Why would we be surprised given its connection with political discourse. It is destined to keep the layperson or voter entirely the imbecile. The challenge lies with sound thinkers to outline a rational, coherent and intelligible framework of ideas for readers. Philosophy is profoundly important; too important to be left to imbecile philosophers who get paid 'as academics' regardless of their output. Parasitism is the worst type of cancer. Understand that you are supporting these people with your tax dollars, then understand that you are sanctioning their stupidity with your complicity or passivity.
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Author
Andrew Sheldon

Friday, September 23, 2011

Relevance of Ayn Rand's villains today?

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Bill Gates as Howard Rearden? For the most part I agree with this; on the other hand, I have to argue that Microsoft Word was an unstable system from 1990 to 2007. Now, I can safely edit a document in Microsoft Word 2007 without it falling over. No instability problems at all. A belated thank you to Microsoft. But I conclude that Bill did not seem to love his product as much as Rearden. But maybe if Bill had a nagging wife at home, he too would have spent more time in the office. Insofar as Bill appears to have much greater love for "Billinda", perhaps we might argue that Bill Gates has exceeded Ayn Rand's expectations. In this context, I think you'd just say that Bill is less morally ambivalent than 'pragmatic' Rearden.

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Author
Andrew Sheldon

Saturday, September 03, 2011

Extortion by government and WikiLeaks

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WikiLeaks is back in the new with reports that it has released a 2nd encrypted file to its supporters. It seems probable that these 'secret files' contain embarrassing information for various governments around the world. It is interesting to reflect upon the moral legitimacy of the US and WikiLeaks actions over this 'privacy' tussle. The issues as I see them:
1. The government is supposed to be a custodian of the people's moral issues
2. The government ought to act in good faith to protect citizens
WikiLeaks, as a private agency is challenging that moral authority, or more accurately, challenging the way in which they exercise their moral legitimacy; whether its a question of methodology or organisation is not clear.

The problem for me with WikiLeaks actions is that not all of their 'leaks' make an intellectual argument. i.e. Some times they seem more interested in embarrassing or discrediting government for the wrong or ambiguous reasons. At the same time, they have themselves released information which was unfair to the interests of certain members of the community. The best example I am aware of is their disclosure of banking details for people with accounts in secretive tax havens in Switzerland. They are assuming that breaking tax laws is illegitimate at a time when they are challenging the legitimacy of the governments actions. By making 'the law' the standard of value, they are undermining their own legitimacy; as the government will probably have some statutory justification for doing what they are doing. For this reason, by asserting 'statutes', they are digressing from moral principles. i.e. Undermining their own position.

The implication of this issue is that we have two powerful authorities using the threat of injury to defeat the other. My expectation is that WikiLeaks will win their debate. Western governments will be forced to acquiesce. Not the best approach, but sadly, what do you expect with a democratic system of government, in which reason is not the standard of value.
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Author
Andrew Sheldon

Saturday, August 27, 2011

US political race - the presidential nominees

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Are the media advancing their own biased or prejudicial interests in their discussion of presidential nominees. The topic of this discussion in the NY Times is debt reduction; and the debate is focused upon who would make the better presidential candidate - Romney or Perry?
The question is - why is Ron Paul left out of the debate? He is by far the most credible on debt reduction and monetary policy; after all, he was the one who anticipated the crisis among them, and has retained the same position throughout his senate tenure. Does that make him a dogmatist? Plausibly, but at least he has values. The others will indoctrinate with their Conservative views, whilst blowing with the wind on most other issues. We might be looking at another Bush people. Vote careful! You are between a rock and a hard place. I personally hope you secede from the United, Dysfunctional States of America (UDSA) and form your old colony.
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Author
Andrew Sheldon

Thursday, August 25, 2011

The best Republican nominee for 2012 Presidential Race

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Based on this NY Times poll, Ron Paul appears to be the most popular nominee for the Republican presidential race. The lead nominees are:
1. Ron Paul (79.21%)
2. Rick Perry (9.19%)
3. Mitt Romney (8.25%)
4. Michele Bachmann (3.35%)
This is of course an online poll, so it remains to be seen whether this will translate into actual primary nominations. One suspects Ron Paul's lead is not so strong, as he was always an 'internet darling'

If I review the candidates, I am inclined to think that:
1. Ron Paul - Is probably the best candidate in term of values, i.e. He is a Baptist, but perhaps at least sufficiently pragmatic that his religious values pose no threat, since he chose to name his 3rd child 'Rand'. One could hope after Ayn Rand, but in fact he is unlikely to do her values justice if he professes to be a Baptist. He is a libertarian; with a penchant for disenfranching the Fed's monopoly over public financing. Given his historic criticism of US monetary policy, he would appear to be a front-runner for having the integrity and foresight to anticipate the problems. See Wikipedia.
2. Rick Perry - seems more of a Democrat than a Republican, and his values and governorship have raised questions. See Wikipedia.
3. Mitt Romney has a favourable history; though you would have to mark him down for potential mystical values, given his Mormon background. See Wikipedia.
4. Michele Bachmann believes in a Christian Constitution, so she is a classic deluded blueblood Conservative, so hopefully she will disappear as a candidate. See Wikipedia.

From this field, Ron Paul looks like the best nominee by a long distance; though I could live with Mitt Romney before I would fall on my sword. You might wonder why an Australian like myself would be so interested in US politics. There are two reasons:
1. By virtue of its great size - the US has a great impact on the global economy
2. Due to its greater stupidity - the US has a great impact on the global economy
We thus must come together to help Americans make better decisions; lest they sux the world into their mindless vortex.
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Author
Andrew Sheldon

Politics

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ConvinceMe.Net - Anyone up for a debate?