Don’t Bet on China: Redux

Business Cycles, Democracy, IP Law, Mercantilism, Protectionism
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A Chinese libertarian, Nicolas Dong, who recently did a Mandarin translation of one of my IP articles, recently told me this in an email regarding my earlier post, Don’t Bet on China:

I agree most part of your point of view about China. I believe that after the bust of the current housing bubble and high inflation, there will be much more unrest. The costs to maintain a “stable” social order have exceeded the cost of maintaining the army. Great changes may occur after the Xi Jinpin administration. But democratization will probably make China more socialist, for reasons explained in Hoppe’s Democracy: The God that Failed. There are just too many mobs here. And many social democrats are controlling the media, preaching democracy and equality instead of liberty. Fortunately, some influential media have libertarian-leaning editors or columnists. We also have libertarian and classical liberal university professors. We are trying our best to have a greater influence.

Also, regarding the libertarian perspective on intellectual property and my anti-IP article that he translated, he said:

They [the Chinese libertarians] debated for a while, and now, most libertarians in China are anti-IP.

However its influence is limited since we are just circulating it in our circle, and posting it on websites. Most people in China don’t know what libertarianism is, and they may not capable of catching the idea in the article.

… You know, something nice is that those who control the internet here don’t know what libertarianism and the Austrian School are; thus, most of those sites are not prohibited. The Austrian School does have some influence in academia here, albeit mainly Hayekian.

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Hamilton vs. Kant on War and Peace

Democracy, Imperialism, Mercantilism, War
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As an Aristotelian libertarian, I’m not a big fan of Immanuel Kant, his philosophy in general, or his take on world peace.  But to say that I’m not a fan of Alexander Hamilton — that statist, bank centralizer, mercantilist, and crypto-monarchist — would be a vast understatement. (For more on what’s wrong with Hamilton, see Thomas DiLorenzo’s “What Hamilton Has Wrought” and Hamilton’s Curse.)

I discussed the democratic peace thesis and problems I see with the Kantian Triangle — resting on republican government, international trade, and international law and organizations — in my previous post, Triangulating Peace? Or, Three Foundations for Oppression? While trade is a peaceful activity and economic interdependence can promote peace among states, it can be perverted and used for corporatist and mercantilist ends by states and international governmental organizations (IGOs), which is why, though it pains me to say it, I must side with Hamilton’s take on the matter, excerpted from Federalist #6 below:

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Imperial Doublespeak About Iraq

Imperialism, Mercantilism, Vulgar Politics, War
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In a series of Orwellian twists, the United States is pulling out (prematurely some say) “all” “combat” troops from Iraq but doubling down (for starters) on mercenaries.

The Obama Administration gets away with “fulfilling” Obama’s promise to end US combat operations in Iraq by removing the last (officially-labeled) combat brigade from the country, yet 50,000 troops will remain until (supposedly) 2011. These 50,000 troops make up 7 “Advise and Assist” Brigades, which are brigade combat teams like the one that just left but with special training, and 2 combat aviation brigades. “The troops are officially there to assist and advise the Iraqi government, but will carry weapons to defend themselves and will join Iraqi troops on missions if requested.”

After 2011, the “military” presence in Iraq is supposed to be “limited to several dozen to several hundred officers in an embassy office who would help the Iraqis purchase and field new American military equipment,” but military officers are saying that “5,000 to 10,000 troops might [still] be needed.”

Meanwhile, “the State Department is planning to more than double its private security guards, up to as many as 7,000.” Can we really still call security personnel ‘civilians’ or ‘private security’ anymore when they’re working for the state in foreign lands, particularly in a combat zone? They’re mercenaries, troops that are conveniently not part of the official US military. The NYT reporter couldn’t help calling them “a small army of contractors.”

The US is building military bases, fortified compounds, outposts, and the largest “embassy” in the world in Iraq. Iraqi politicians still haven’t been able to come to an agreement and form a government after the last elections, making Iraq vulnerable to a coup if the Iraqi military leadership get too frustrated by the ineffectual, in-fighting politicians. The US empire will not be completely out of there anytime soon.

But hey, “we” won…right?

~*~

Update: Less than a week after the official end of combat operations in Iraq, US troops were involved in a combat operation in Iraq. Go figure. 12 people died and dozens were wounded in an assault by heavily-armed militants against an Iraqi military headquarters, in the center of Baghdad no less.

~*~

Cross-posted at Is-Ought GAP.

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Separate Oil and State, says Greenpeace

Anti-Statism, Environment, Imperialism, Mercantilism, Taxation, The Left, War
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From the Edmonton Journal comes news that some Greenpeace members rappelled off the top of Calgary Tower to hang a banner that read “Separate Oil and State.”

Scott Blasken got this shot from his office window Tuesday morning after Greenpeace unfurled a banner from the Calgary Tower.

Hey, I’m all in favor of separating oil and state. But that means no strategic oil reserves; no taxes, including carbon taxes; no cap-and-trade; no regulations; no moratoriums or bans on offshore or other drilling; no special protections of any kind, including caps on liability for actual damages to private property caused by oil companies;1 no eminent domain (ab)use; and no mercantilistic and imperialistic wars to make the world safe for domestic consumption of foreign oil. But somehow I don’t expect all of this is what the Greenpeace activists confusedly mean by “separate oil and state.” Alas and alack.

Cross-posted at Is-Ought GAP.


  1. I’m not talking about limited liability for shareholders here. I’m referring to caps like the $75 million liability cap that has received so much attention in the wake of the BP oil spill, enacted in 1990 as part of the Oil Pollution Act following the Exxon Valdez spill. 

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Purchasing power gains or losses respective to the U.S. of several countries

(Austrian) Economics, Mercantilism, Protectionism
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Market-oriented reforms such as privatization, deregulation and tariff decreases being the clear and unequivocal factors.

In PPP terms, asigning a quotient of 1 to the U.S.

Country         1980     1994     2008

United States      1.000       1.000       1.000
Australia                 .841           .770          .837
Canada                     .905          .818           .843
Britain                      .688          .705           .765
France                      .780          .730           .713
Germany                 .803          .812           .763
Italy                          .756          .754           .675
Sweden                    .868          .777           .794
Switzerland          1.146          .987           .915

Asia

Hong Kong            .547          .845           .948
Japan                       .732           .815           .736
Singapore              .577           .899         1.064

Latin America

Argentina              .395           .300          .309
Chile                        .210            .251           .311

Source: World Bank.

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