London's capitalist paper

I've quoted a few times from City AM. It is London's less well known morning free paper. It focuses on business and finance, so for many will have little appeal. For me it is the one paper in the UK that consistently, without fail, supports free markets and opposes government intervention to prop up failure.

So I recommend looking at the editorials by Allister Heath at least, even if you are uninterested in shares, banking and markets generally. For the philosophy expressed is a positive one. Indeed, Heath wrote last week just this:

"unlike others, we have refused to go down the road of demagogic class warfare and the politics of envy. City A.M is the only newspaper that stands up for City workers and believes in their values. We support a real free-market economy and oppose bailouts as well as crippling tax hikes; first and foremost, we are the paper for London’s capitalist classes. "

Now that's something work looking at for me. So read City AM, and to start how about this little piece on the financial crisis.

It's not libertarian, but it does seek to embrace the creation of wealth and decry those who destroy it. That in itself is a good thing.

George Osborne does not know banking

George Osborne is the Tory Shadow Chancellor of the Exchequer. He has never had a real job. He has a second class degree from Oxford and has spent almost his whole working life either as an MP or working for the Conservative Party. His own ample inherited wealth has protected him from risking his own money in business.

So for him to call for banks to limit bonuses to £2000 or hand them out in shares is stupid, stupid indeed, and shows him up for how incredibly shallow he is, and indeed how shallow the Conservatives are.

The Conservatives are going for the envy vote, knowing that those in the banking sector are small in number and will probably vote Conservative.

The Times quotes Liberal Democrat Treasury spokesman Lord Oakeshott:

“If state-owned banks such as RBS and Lloyds pay bonuses using shares, they would have to issue new equity, which would dilute the taxpayer’s holdings,” he said. “George Osborne clearly does not understand how shares work . . . His ignorance is toe-curling and he hasn’t a clue how markets and public companies operate.”

Osborne talks of retail banks, but it is investment banks that pay large bonuses. So he doesn't even have a cursory knowledge of the banking sector.

Allister Heath in the excellent City AM got it bang on:

"The Tories are persisting in their belief that there is a moral equivalence between RBS, which went bust and had to be nationalised, and HSBC, which didn’t take any money from any government. Talk of moral hazard: regardless of how well you do, you will still be hammered by the government."

This, you see, is the moral vacuum that those almost across the political spectrum fail to note. Politicians want to punish all banks, yet they rewarded the bad performers, so only the good performers truly lose out. Heath eviscerates Osborne in his editorial and concludes that the outlook is bleak if the Tories really do believe this nonsense:

"expect HSBC and Barclays to start working on their exit plans: no other country, including the US, is planning this sort of separation."

Snooping State drumming up business

(Warning - profanity in last paragraph)

I blogged recently about the Independent Safeguarding Authority - an Orwellian UK bureaucracy which exists to vet adults as to whether they are pedophiles, or more specifically, whether they might be on something like a balance of probabilities. That, of course, gives it the veneer of being judicial, when it is quasi-judicial. In essence, if you EVER arrange to look after children for longer than a few hours, who you are not related to, it is illegal to do so in the UK, unless the ISA vets you. Vetting you is not just a criminal check, it is to check to see if you've been charged, investigated or if someone lays evidence of "doubt", you might be blacklisted - you have the right to challenge it, but the ISA will rule as final (short of you taking it to court for defamation I suspect).

This vile organisation has been under pressure lately, with even the government that spawned it wanting to curb its powers. Childrens' Secretary Ed Balls announced a review. Nothing like government creating something then effectively admitting it got it wrong.

So you might ask why the hell is the ISA effectively seeking to drum up business by claiming that even people who rarely deal with children might want to get vetted.

The Daily Telegraph reports:

"Sir Roger Singleton, the chairman of the Independent Safeguarding Authority, said the scope of the database could increase significantly because companies would fear losing business if they did not have their employees vetted."

He then describes how an electrician business might think it is a good idea, if bidding for work at schools, and that more generally it would be a competitive advantage.

In other words, he wants more and more people to be vetted, for his organisation to hold quasi-judicial judgments about whether people are perverts, and for it to become the norm so that NOT being vetted would make someone suspicious. Not ISA certified? Oh you must be a pervert then.

Sir Roger Singleton has good intentions, but he has paved the road to hell - a hell where every adult is assumed to have dubious intent towards children unless they are found innocent. Where society operates under a burden of proof not of all being innocent, but all being guilty.

It is a climate of mass distrust, a climate that I can only say is paralleled in countries with totalitarian governments - where nobody can trust who is or is not an informant.

The ISA should be disbanded. People should be able to request that others undertake criminal vetting for convictions, for anything less risks barring people who have done no wrong, or those who are victims of false accusations because they are "different".

Most of all, Sir Roger Singleton deserves to be blasted for promoting his little mini-Stasi.

He deserves to be told to get fucked by all those who look after kids without the slightest nefarious intent, how fucking DARE you run a system that implies that without your imprimatur, people are child molesters.

Why don't you and your joyless goons go to the more feral parts of our big cities and start seeing who really ARE the child abusers in this country, the ones who have unwanted children, who ignore and neglect them, leave them to be preyed upon by strangers, gangs, alcoholics and drug dealers? Or is dealing with this sort of thing a bit too frightfully difficult for the upper and middle classes?

Damien Hirst excoriated

Damien Hirst is perhaps one of the most well known post-modernist artists, who would have remained obscure had Charles Saatchi not bought his work. He's known for creations such as "The Physical Impossibility of Death in the Mind of Someone Living", basically a shark in formaldehyde. He devised diamond encrusted skulls ("For the Love of God"), preserved and dissected a cow and calf and even commented on the 9/11 attack as such "You've got to hand it to them on some level because they've achieved something which nobody would have ever have thought possible, especially to a country as big as America. So on one level they kind of need congratulating" before apologising to the families and friends of the victims.

I find it all quite vile. Hirst appears to worship death, so perhaps the irony of his latest works is that they have lent themselves to the death of his career. Perhaps art critics were waiting for the day to excoriate Hirst, for having little more than imagination and the patronage of those with the aesthetic values of rats. Hirst handed them the day, and they went for it like sharks.

Jonathan Jones in the Guardian says it beautifully as follows:

"Hirst's exhibition is a stupefying admission of defeat, a self-obliterating homage, that reveals the most successful artist of our time to be a tiny talent, with less to offer than even the most obscure Victorian painter in the Wallace Collection"

You see Hirst has painted, it has been exhibited, and it shows he cannot paint. Many have said so in damning terms:

Peter Conrad in the Observer: "Bumptiously confronting Titian, Poussin and other venerable elders at the Wallace Collection, Hirst is enjoying his temporary ownership of the trampled, desecrated earth. But he's not a legitimate heir and the Wallace Collection is playing host to a jumped-up pretender."

Mark Hudson in the Daily Telegraph: "Hirst's presumption in comparison with the technical inadequacy of the work was simply unforgiveable. For once, chutzpah wasn't enough."

Tom Lubbock in The Independent: "Hirst, as a painter, is at about the level of a not-very-promising, first-year art student" and how about why there is attention at all given to Hirst? "A few quick questions. 1. Are these new paintings, painted by Damien Hirst himself, any good? No, not at all, they are not worth looking at. 2. So why are you writing about them at such length? Because he is very famous. 3. And why has the Wallace Collection decided to exhibit them? Because he is very famous. 4. And why did Damien Hirst even paint them in the first place? Because he is very famous."

The Times "The paintings are dreadful. Think Francis Bacon meets Adrian Mole."


Jones concludes that Hirst himself has now shown this age of art to be a fraud:

Hirst has said: I want to be compared directly with the old masters, on their own turf, in their own visual language. In his eyes, it would seem that all the readymades, all the vitrines – all the ideas that have made him rich – are not real art at all. They are substitutes for the art he wishes he could make. The one truly great art, in his eyes, is the high western tradition of oil painting.

He can't do that at all; can't paint his way out of a paper bag. But don't kid yourselves. It is not just Hirst who is implicated in this exposure. It is an entire idea of art that triumphed in the 1990s and still dominates our culture – an entire age of the readymade stands accused by its own creator of being a charade.

Ouch. So well deserved, may the charade be well and truly over. Do I see Tracey Emin hiding looking confused as to what to do next?

Green brainwashing knows no ends

Australia's Daily Telegraph writes "Tots as young as three have sent letters to Kevin Rudd about their passion for green living and asked companies to reduce their packaging"

At one time the secular left would damn Christians for frightening children with the awful scary stories from the Bible, teaching them that if they sinned they'd go to hell. Now small children are being taught the world is coming to an end, and one of their key responsibilities is to "do something" about it, not unlike the Leninist form of brainwashing of children at schools to support the socialist state and fight the "imperialists".

Young children should NOT be worrying about the world, their chief concerns should be their own life, about school, family, friends and their possessions. To get small children to write to a Prime Minister about the environment is grotesque propagandising.

Imagine if a school got young children to write to the Prime Minister demanding taxes be cut, or that the government expand the armed forces or cut spending so they don't face a huge debt when they start working. The green left would be outraged, but its own scaremongering and politics are treated as "fact".

The Green Party in NZ embraces this as its education policy explicitly states:

"Incorporate environmental education (including energy efficiency and conservation) into the core curriculum at all levels and ensure that teacher education and training programmes allocate significant time for environmental education." and

"# Establish permanent environmental education regional advisory positions and encourage the further development of national resources to develop ecological thinking across the curriculum.
# Expand ERO reporting to include environmental education."

Of course if you want your children to be taught about this, then good luck to you. I'd let schools teach as they see fit, but it should NOT be part of the curriculum of every school. I'd argue strongly it would be far preferable to teach children personal autonomy, so they respect each others' rights to control their property and bodies - something children should learn in relation to each other. Frightening little children to think the world is going to end serves only one purpose, and it isn't the interests of the children.

(Hat Tip: Tim Blair)