Free Markets, Free People

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Pontiff Pontificates On Economics … Badly

When it comes to economics, the Pope should stick to poping. While it’s not uncommon for the papacy to issue decrees and opinions vaguely in line with common socialist principles (e.g. love thy neighbor, etc.), it is somewhat rare for the Pope to outright call for one-world government:

Pope Benedict XVI on Tuesday called for a radical rethinking of the global economy, criticizing a growing divide between rich and poor and urging the establishment of a “world political authority” to oversee the economy and work for the “common good.”

He criticized the current economic system, “where the pernicious effects of sin are evident,” and urged financiers in particular to “rediscover the genuinely ethical foundation of their activity.”

He also called for “greater social responsibility” on the part of business. “Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty,” Benedict wrote in his new encyclical, which the Vatican released on Tuesday.

I wonder what happened to leave to Caesar what is Caesar’s and to God what is God’s? Or how about that whole concept of “free will”; you know the very basis and foundation of our religious “faith” (which, of course, can only come from choice and not from force)? That seems to be under indictment with Pope Benedict’s latest encyclical.

Leaving aside world governance for the moment, the Pope really goes off the rails when he gets into economic policy. For example, at one point he decries “globalization” and “outsourcing” as little more than the rich preying on the poor:

Indeed, sometimes Benedict sounds like an old-school European socialist, lamenting the decline of the social welfare state and praising the “importance” of labor unions to protect workers. Without stable work, he notes, people lose hope and tend not to get married and have children.

But he also wrote that “The so-called outsourcing of production can weaken the company’s sense of responsibility towards the stakeholders — namely the workers, the suppliers, the consumers, the natural environment and broader society — in favor of the shareholders.”

In short, managers should run their companies for the benefit of those who whine about the common good rather than for those who actually paid for the company (i.e. the shareholders). I’m guessing this is the “squeaky wheel” part of the sermon.

Yet, while outsourcing is deemed “bad”, the Pope also laments that poor countries aren’t better taken care of by richer ones. Towards that end

Benedict also called for a reform of the United Nations so that there could be a unified “global political body” that allowed the less powerful of the earth to have a voice, and he called on rich nations to help less fortunate ones.

“In the search for solutions to the current economic crisis, development aid for poor countries must be considered a valid means of creating wealth for all,” he wrote.

Except for the fact that “development aid” is not wealth. Wealth is created through productivity, not handouts. Indeed, the surest and simplest way to aid development in poor countries to give them jobs … a.k.a “outsourcing.” Doesn’t that whole give a man a fish/teach a man to fish thing ring any bells, your Holiness? Moreover, the more things like outsourcing happen, then the greater wealth there is in the world, and the more work/wealth/happiness there is for everyone to enjoy. Again, I’m pretty sure that was something about loaves and fishes in the Bible that would help illustrate this point.

So much for Papal infallibility.

Just to be clear, I say all of this as a practicing Catholic who is raising his own children in the same tradition. I have great respect for the Pontif when it comes to matters of the spirit. I just wish he’d leave the day-to-day management to the rest of us.

Deadly Clashes in China

I assume, since China is a totalitarian state, that the US won’t have anything to say about the violence there for at least 10 days:

The official death toll in riots in China’s northwestern Xinjiang region rose sharply Monday, with the government saying that 140 had been killed in what appears to be one of the deadliest episodes of unrest in China in decades.

Police said at least 828 other people were injured in violence that began Sunday in Urumqi, Xinjiang’s capital. Witnesses said the conflicts pitted security forces against demonstrators, and members of the region’s Turkic-speaking Uighur ethnic group against members of the country’s Han Chinese majority. Many among the predominantly Muslim Uighurs have chafed at Chinese government rule.

[…]

As evening fell in Urumqi Monday, witnesses said that paramilitary troops of the People’s Armed Police, backed by armored personnel carriers, were patrolling largely calm city streets. Many businesses remained shuttered and gates of the city’s central bazaar, which was the scene of unrest Sunday night, were closed.

Police said they were still searching for dozens of people suspected of fanning the violence. Several hundred people have already been arrested in connection with the riot, police said, and the government said it was bringing “ethnic officials” from nearby areas to help with interrogations.

Of course the reason given by the Chinese government is much the same as that given by the Iranian government concerning the problems there –

The government blamed the unrest on a prominent exiled Uighur leader, Rebiya Kadeer, president of the World Uyghur Congress, an activist group. Sunday’s demonstration was “instigated and directed from abroad,” according to a government statement cited by Xinhua.

Given that statement, you can expect silence from the Obama administration as they’ll want to ensure they’re not seen as “meddling” in China’s internal affairs. And I can promise you that the Uighur dissidents being rounded up by China’s police forces will not be offered a vacation in Bermuda.

Apparently the only country in which the “no meddling” policy is waved is Honduras.

~McQ

This Blog Post Saved At Least 10 Jobs Today

Seriously.

At least that’s what the macro model I built says.  It has some very sophisticated algorithms.

According to the model, the associated bandwidth cost for this post was enough to keep the blog hosting gang going and because of that, they kept making payments on all the computer equipment, power and rent/lease obligations they have associated with their hosting site, which in turn kept a computer retailer/power company/real estate firm from laying off folks while also paying those down the line from them today and having the same effect.

Seriously.

Go ahead – prove me wrong.

~McQ

Fun With Statistics

Remember, depending on the message you want to convey, stats can be very helpful:

Physicians:
a. The number of physicians in the U.S. is 700,000.
b. Accidental deaths caused by Physicians per year are 120,000.
c. Accidental deaths per physician is 0.171. (Statistics courtesy of U.S. Dept. of Health & Human Services)

Now think about this…

Guns:
a. The number of gun owners in the U.S. is 80,000,000.
b. The number of accidental gun deaths per year (all age groups) is 1,500.
c. The number of accidental deaths per gun owner is 0.000188.
_________________

Statistically, doctors are approximately 9,000 times more dangerous than gun owners.

Guns don’t kill people – doctors do!

Ban doctors!

The point, of course, is stats can be used to scare you to death, especially when used in limited context or in isolation. The world is a dangerous place. Accidents are going to happen. When the gun grabbers talk about taking your firearms to prevent accidents, remind them of this statistic. It’s just as “valid” as theirs and it sometimes is helpful to illustrate absurdity with absurdity.

~McQ

Coming Soon …

Dictated by the 5 of 9 Chrysler board members (appointed by the US and Canadian governments) and the UAW board member, Chrysler is pleased to present the 2010 Obamamobile:

Coming to a politically correct dealership near you soon!

Coming to a politically correct dealership near you soon!

Note the standard dual teleprompters. Since this model is run by hot air and not much else, all you have to do to boost power is read the prepared statements on the ‘prompter and zoom, you’re off to the races!

[HT: Brown]

~McQ

Speaking Of The “Drug War” …

Not everyone engaged in it is the sharpest knife in the drawer – and that goes for both sides.

In this particular case it’s the supply side, instead of the enforcement side, which gets the spotlight:

Officials say a suspected drug dealer who led police on a 90 mph chase in Indiana was arrested after he stopped suddenly at a Taco Bell parking lot.

Fort Wayne police Sgt. Mark Walters says 36-year-old Jermaine Askia Cooper told officers he “knew he was going to jail for a while” and wanted to get one last burrito.

Expect to see a variation on that theme in a Taco Bell commercial soon. At least Cooper was thinking outside the bun.

~McQ

Comment Of The Day

It’s rare that I quit reading through a comment section because I happen upon what’s surely the best comment. However, this comment to Capt. Ed’s post about the Obama administration’s thuggish tactics in the Chrysler negotiations sums everything up perfectly:
obama-scold-finger1

“I did not have knowledgeable relations with it, that Constitution.”

Heh.

Research: people can’t distinguish dog food from pâté

Perhaps because of my cross-grained hillbilly upbringing, I’ve long been a bit cynical about high cuisine. An old steakhouse commercial summed up my feelings: “Cuisine is something that’s a lot like food, only it costs a lot more.”

I’ve had pâté at a few receptions, and wondered what the fuss was about. So I got a good hard laugh out of this posting about how people can’t distinguish dog food from pâté. There’s a link to the original research paper.

I’m sure there’s some clever political metaphor in there about not trusting elites, but I’m too lazy to tease it out. Commenters are invited to do so if they are so moved.

(Originally found at geekpress.com, which you programming and math types ought to put on your daily reading list.)