Frankenjigsaw

Politics has become the art of the impossible.

We have a dysfunctional economy because we have a dysfunctional society, and vice versa. The pieces in the jigsaw box don't match up with the picture on the lid.

The picture shows people providing manufactures and services for each other. Families are holding together through thick and thin, and raising their children with love and discipline. Tax rates are low because money velocity and employment are high and few need to call on the safety net of the Welfare State. After paying for the necessaries of life, there is money left over to save for emergencies and old age, and saving is worthwhile because the currency keeps its value. The country is self-governing and at peace with its neighbours. Our leaders work for our best interests, arbitrating fairly between the demands of different groups.

The pieces we have now don't make that picture, and they don't even fit each other.

Our leaders have given our law and governance to the EU, effectively abandoned border controls, sold our economic base to foreign interests and combined to oppose electoral reform that would make them more answerable to the voters.

So to distract from their comprehensive failure, they select victims to be the lightning-rods for our anger. The recent "life means life" ruling on prisoners is to give us the illusion that our judicial system is independent of Europe; benefit claimants are demonised so that we don't ask why we haven't got jobs for them to do; economic immigrants, because they cannot be excluded, are to be treated as second-class citizens (in terms of social benefits) when they arrive.

This is reminiscent of Mao's Cultural Revolution, the cynical sowing of factional discord to secure control at the top. It feels like an era is ending, and those in the know are looting the system before the collapse. If Martin Armstrong's theory is correct, it's all inevitable, part of the long-cycle economic pulse that is bringing both Marxism and representative democracy to an end.

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For Wisley, read the UK

In the latest edition of the Spectator, Melissa Kite is distributing leaflets on behalf of a local action group, about the proposed massive (2,175 houses) residential property development in Wisley. The beneficiaries, she claims, are based in the Cayman Islands (though in 2012 there was also some legal dispute in Jersey, another offshore tax haven) and stand to make a billion pounds, tax-free.

Kite says that she has been warned off her campaign by people who told her they would "wear her down"; Surrey County Council seem to have managed it in the case of another residents' association chairman at the back end of last year.

The nominee company in the Jersey case was Prestigic (Wisley) Nominees Limited Company, whose address appears to be the same as that of Prestigic Holdings Limited (Chairman: Adrian Goldsmith). It also shares that address with a chi-chi Indian restaurant called Gymkhana; the horsey connection might vaguely appeal to an equestrian fan like Melissa.

We in the UK already have to import half our food, and I don't know of any program to convert housing back to arable land. Once it's gone, it's gone, and Heaven help us if we're ever in a food crisis again as we were in the 1940s.

In any case, I have long thought that we don't have a housing shortage. Here is what I wrote two years ago (3 September 2011):

"Panellists on Radio 4's Any Questions? and Charles Moore in this week's Spectator magazine agree (with lots of others, it seems) that there is a housing shortage in the UK and the only question is how to satisfy it. I beg to differ, or at least think we can question the assumption.

1. "According to The Empty Homes Agency, there are an estimated 870,000 empty homes in the UK and enough empty commercial property to create 420,000 new homes", according to the BBC website section on Homes.

2. There are over 245,000 registered second homes in the UK, according to Schofields home insurers.

3. The 2001 census showed that average home occupation in England and Wales had declined from 10 years before, from 2.51 to 2.36 persons.

4. According to the official Housing Survey of 2008/9, 7.7 million households were couples with no dependent children; there were also 6.2 million single person households (up from 3.8 million in 1981).

5. The same survey showed that the average (mean) dwelling had 2.8 bedrooms, rising to 3.0 bedrooms for owner-occupiers. Fewer than 3% of households were defined as overcrowded.

6. According to a 2005 Home Office study, there were 310,000 - 570,000 illegal immigrants in the UK, a figure which MigrationWatch thought to be underestimated by 15,000 - 85,000. This is a separate issue from the 8.7% of the population who are economic migrants to the UK, and whose real net contribution to the economy (after taking into account all benefits to which they and their dependants may be entitled) is a matter of debate.

We are not in the situation we faced in 1945, when soldiers returning home from war squatted on military sites and even caves. The modern "housing shortage" is an arbitrary notion."

Fight on, Ms Kite.

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All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Breaking windows

From Wikipedia

The broken window parable has interested me for years, because much of what we do seems akin to breaking windows.

Much of what we do seems :-

Designed to fail so we can do it again.

Designed to fail so we can buy another one.

Designed to fail so we need regular maintenance.

Designed to fail so we need regular policing.

Designed to fail the vagaries of fashion.

Designed to be laborious so we need more staff.

Designed to be complex so we need more consultants.

And so on and so on. It seems to be a feature of almost any society - promoting wasteful activity once we have a full belly and a warm hut. When we can afford some illusions to keep reality at bay.

Even a Dark Age village may have been able to feed a travelling story-teller in return for a night or two of entertainment - to keep reality at bay.

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Byways

AK Haart wonders about the uselessness of much research, calling it "remunerated gossip" (a phrase that might be re-used to describe modern Parliamentary proceedings). 

Yet we never know where a line of enquiry might lead, and how profitably. Look at penicillin: Alexander Fleming was not the first to discover its bactericidal effect, and when he did he soon gave up trying to exploit it. 

Edward de Bono, the "lateral thinking" man, noted that we come to useful ideas or solutions in roundabout ways and only then build a straight path from A to B. The internet - which itself has developed into something nobody expected - is bound to result in countless fruitful connections being made, by the sort of creative intellectual bummeln that web-surfing allows. 

Granted, there will also be rubbish and (apparent) dead-ends, but if one in a billion notions gets us somewhere, then 2.4 billion users playing with the Net on pretty much a daily basis are certainly going to come up with something.

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All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Blair "has not volunteered for Mars mission"

http://olivierpere.files.wordpress.com/2011/10/mission-to-mars.jpg

 Our sources say that Mr ACL Blair has not yet put his name forward as a candidate for the 2023 expedition to establish a colony on Mars, though it could have certain advantages for him.

He would be safe there from attempts by members of the public to perform a citizen's arrest. Nor could he be called back to explain what he meant when advising Mrs Rebekah Brooks to establish a "Hutton style" enquiry that would "clear" her.

However, some say that Mrs Blair might be tempted to nominate him for the one-way trip, should further embarrassing evidence come to light suggesting a romantic link between him and the wife of Rupert Murdoch.

Although Mr Blair would then be aged 70, Mars One sets no upper age restriction. More important are qualities of intellect and character. We are confident that he would qualify in most, if not all respects - "The astronauts must be intelligent, creative, psychologically stable and physically healthy" - and the jaunt would certainly satisfy his well-known delight in travel.

The full astronaut specification can be seen here: http://www.mars-one.com/faq/selection-and-preparation-of-the-astronauts/what-are-the-qualifications-to-apply.

Readers may care to suggest others who might be similarly suited to go, or whom it would suit us to send.

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Fishy business

Well, we visited Torcross after all, yesterday.

You can see the sky through the fire-damaged roof of the only recently-refurbished Boat House restaurant; half the windows in the street are boarded up, and one door caved in at the bottom. Not only was the road temporarily beachified, but the beach itself is considerably narrower and is no longer a shingle beach but a bucket-and-spade sand one.

Yet the Start Bay Inn seems completely unscathed. We had half-expected to be choosing our lunchtime fish off the carpet in the lower room, but all was well, and the food as good as ever.

Thank goodness for the 1980-built sea defences; otherwise it could well have been another Hallsands clearout.

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Gi’ em what they want

Eighteenth century creamware teapot

A few decades ago we tried our hand at antiques dealing. Those were the days when every leisure centre and church hall held an antiques fair at least once a month and they were usually full because people had seen lots of antiques on the telly.

We were nervous about our first fair because we weren’t sure what to expect on the dealer’s side of the stall. Would the other dealers turn out to be supercilious experts? Well we already knew that was unlikely because we’d been to so many as browsers and occasional buyers.

Our stall was next to a guy who just sold bric-a-brac, anything from vinyl records to toys to bits and pieces of tat nobody could possibly want. Except they did want it and he was busy all day.

“I just gi’ em what they want,” he said almost apologetically after running a doubtful eye over our stall.

It was our first hard knock and a timely one too. It isn’t just a case of buying well, but of buying what people want at a price well below what they might be prepared to pay. It’s no good following your own tastes either – you have to buy what the market likes.

All this is obvious stuff and nothing we didn’t know at the time, but somehow it isn’t as easy to do as it sounds. I found it very difficult to put my interests and preferences to one side. It’s no good finding a piece of china with a rare mark if it just looks like a cruddy old teapot. To the market that’s what it is.

Cruddy old bits of china don’t sell unless there is something seriously special about them such as turning out to be early Ming. Even then it might be a fake and who can tell these days without expensive scientific tests?

It’s a strange and fickle market. For example, today you can buy good solid antique furniture for peanuts. Furniture which will easily last a hundred years.

But it isn’t as fashionable as junk from IKEA made from chipboard or lumpy furniture which looks as it was made by taking a chainsaw to some old railway sleepers. Or faux antique shabby chic which costs as much and is less well made than the real thing.

Gi’ em what they want – it's almost a philosophy.

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.