Category: folly

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Accountability folly political economy

Green Goes Red

Sweden, climate, pensions, economics

Well, at least they were earnest. Hopeful. Committed.

Swedes in the north part of their country channeled State pension funds — billions of kronor! — into climate-​friendly projects.

Well, I’m not sure to what degree Swedish citizens were for this ideologically driven investment portfolio, but Swedish politicians sure were!

And now those investments appear iffy. “State pension fund AP2 had invested £117.7 million in Northvolt before its collapse,” explains GBN News, out of Great Britain. “It also holds £46.8 million in Stegra, plus a further £15.6 million exposure through its investment in Al Gore’s Just Climate fund.” And both Northvolt and Stegra — “once flagship companies of the energy transition,” as Blackout News puts it — teeter at the abyss of failure.

Northvolt was once Europe’s leading Great Green Hope, an electric vehicle battery company with a commitment to sustainability; in November it filed for bankruptcy protection.

Stegra was until recently seen as Sweden’s high-​profile “green steel” leader, but now faces an £858 million funding gap.

There has been some shuffling of management, but even were the world’s most magical managers to pull these companies’ feet out of the fire — even if the endeavors can limp out of the current fire-​sale conflagration — ask yourself: does it ever make sense to leave pension funds in the hands of zealots who seek to change the world for some utopian dream? 

It makes far more sense to let private equity fund risky projects, for private fund managers have more (voluntarily given funds) on the line.

Politicians, after all, are notoriously irresponsible — always willing to bet your future on their dreams.

This is Common Sense. I’m Paul Jacob.

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folly international affairs regulation

Denmark’s Cows Must Die

Denmark, climate change,global warming, methane, cows, bureaucrats

Sorry, cows. The planet comes first.

I don’t want to give the wrong impression. No order has been issued requiring Danish farmers to kill their cows. The state is merely requiring that they feed the cows poison.

The purpose of the wonder-​additive, Bovaer, produced by a company called Elanco Animal Health, is to limit the methane that cows produce as they digest their food. Then, says Elanco, the amount of methane that the cows emit — by a method too indelicate to mention — will be reduced 30 percent. Elanco must have done some kind of testing to figure this out, I suppose.

What is the point, though? Why does anybody want to accomplish this?

Well, the central planners who mandate such things believe or say they believe that even a smidgen less methane in the air will enable them to fine-​tune the global climate thus wise and so and thereby, something something something, a perfect optimization. Well, not perfectly perfect, not until all the bovines everywhere are gobbling Bovaer. Denmark is not the only country pushing the drug though.

Alas, some Danish farmers are being obstreperous, complaining that their cows are getting sick: lethargy, diarrhea, miscarriages, drops in milk production. Etc. Some are even dying as result of the additive.

It is sad. But I’d rather have a few dead cows than a dead planet with nonstop hurricanes and tornadoes. And that’s what’s gonna happen if we don’t find a way to inhibit the cows’ … methane emissions.

This is Common Sense!! I’m Paul Jacob.

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folly too much government

How Socialists Learn

Zohran Mamdani, New York City, socialism, communism

Not all socialists in mayoral runs won on Tuesday.

Sure, socialist/​communist Zohran Mamdani is now Mayor Elect of New York, but Omar Fateh lost to the incumbent mayor of Minneapolis on a second counting of the city’s ranked choice vote system. The latter is a victory for old-​fashioned city politics, but what is the former?

Mamdani obviously wants to take from the rich and give to the poor, with a lot of government workers shuffling the money in between rich benefactors and poor dependents. Running grocery stores, of all things: Mamdani seeks to bring the efficiency of the DMV to the food industry. 

But just how much harm can he do? 

He still has to balance city budgets, and if he wants to spend billions, he has to “raise” billions in revenue. He cannot simply spend money he’s created — Mamdani doesn’t control the money supply. After all, socialism doesn’t create wealth ex nihilo.

Further, he will face opposition on his many pipe dreams. Since he has almost no work experience, and none managing anything, he may also prove to be way over his head.

Worst case? If he pushes his dream earnestly and effectually in the Big Apple, the rich and industrious will flee. (A possibility so likely that it is worth stating multiple times: when fools vote socialist, the wise vote with their feet.) Mamdani may usher in Atlas Shrugged faster than any pro-capitalist political party ever could.

Which, though disastrous for the poor, might prove educational.

This is Common Sense. I’m Paul Jacob.

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folly regulation

Twilight of Electrical Civilization

Germany, nuclear power, climate change, energy, nuclear energy

Paige Lambermont reminds us that Germany’s phase-​out of nuclear power has its reasons.

Construction, transport, and other processes involved in making and maintaining a nuclear power plant emit carbon dioxide. But nuclear power itself does not emit carbon dioxide, which is supposed to be terrible for climate and planet. So, “What would prompt a country seeking to sharply reduce CO2 emissions to get rid of its largest source of carbon-​free energy?”

Lambermont, a policy associate at the Institute for Energy Research, reviews the history of anti-​nuclear sentiments, going back to the 1970s, and various news-​driven decisions by the German government. A tsunami in Japan didn’t help, though safety measures were strengthened at the affected nuclear power plant.

Now we seem to be nearing the end of the line. German pubs host “demolition viewing parties” as the country self-​destructively continues to destroy another nuclear power plant, specifically the part consisting of two giant cooling towers.

A controlled demolition caused 56,000 tons of concrete to collapse in seconds. The speed is misleading, for the job is far from finished. Further work dismantling the Bavaria-​based plant is expected to continue until 2040. Of course, the useful life of the plant is already over.

It’s all part of the plan, the German government’s energy-​transition plan called Energiewende. The energy has to become “renewable,” a word meaning — in effect — unreliable (wind, solar). Also, Germans must drastically reduce their consumption of energy.

Maybe they should call the plan Götterdämmerung — twilight of the gods or, in this case, of industrial civilization.

This is Common Sense. I’m Paul Jacob.

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folly too much government

Europe Goes Dark

Spain, Portugal, power, electrical grid, climate, EU,

If you prevent countries from using the most reliable fuels for making the electricity that lights the lights, elevates the elevators, and powers all other powered things, what would be the likely consequence?

Not, I think, to make the power grids more reliable.

The power companies say they don’t know why almost all the power went out recently in Spain and Portugal and in other parts of Europe.

No indication so far of cyberattack or other sabotage. 

Red Electrica, Spain’s state-​run electricity network, points to a “very strong oscillation” in the network causing the Spanish system to disconnect from the European system. Portugal’s grid operator says that the oscillations had to do with extreme temperature variations.

Spain’s electrical network now relies almost entirely on “renewable” sources of energy, “green” energy, anything but fossil fuels. (Actually, no energy is renewable; in usable form it’s gone the instant you use it. And it all comes from nature, including gas and oil.)

On April 16, Red Electra, eager to “curb the climate crisis” (weather), reported meeting all electrical demand using “renewable” sources of energy, mostly solar (60 percent).

Some have pointed out that solar and wind power don’t provide the inertia generated by the massive turbines of “traditional generators, like coal and hydroelectric plants or gas turbines.” And so the power grid becomes much more vulnerable to disruptions and oscillations, no matter the cause.

My theory is that the more ways you hobble yourself, the more likely you are to become hobbled. 

This is Common Sense. I’m Paul Jacob.

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education and schooling folly

Disaffirmative Action

DEI, race, bias, affirmative action

Even making the horrific DEI steamroller illegal can’t deter the determined indoctrinators at the University of Oklahoma.

As we all know by now, woke administrators and educators, chanting “diversity, equity, and inclusion,” endeavor to induce guilt in (and otherwise punish) persons of certain races, sex, etc., for the grave sin of allegedly benefiting from “systemic” “privileges.” DEI arbiters are ever eager to promote preferential treatment that benefits members of currently favored groups as defined by unchosen physical traits.

Since December 2023, Oklahoma state law has prohibited universities from requiring anybody “to participate in … or receive any education … to the extent such education … grants preference based on one person’s particular race, color, sex, ethnicity or national origin over another’s.”

Nevertheless, Oklahoma University requires undergrads pursuing a degree in education to take a course preaching alleged white-​person complicity in institutional racism.

We do find organizational racism in today’s world. But not quite in the way preached. It’s not hidden beneath surfaces and doesn’t have to be arbitrarily imputed. The course itself, full of topics like “Critical Whiteness in Education” and “Microaggressions in Educational Spaces,” manifests such racism.

A spokesman for the governor’s office says it’s “insane that this is a required course. It’s time to look at the accreditation entities that are pushing courses like this and bring common sense back to the classroom.”

DEI policies somewhat resemble the affirmation action policies of yesteryear. But they aspire to be much more thorough and pervasive. They are animated by a mentality of totalitarian control, a mentality loath to, let us say, course-correct.

This is Common Sense. I’m Paul Jacob.

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crime and punishment folly ideological culture

Spray-​Painting Stonehenge

Last month, members of Just Stop Oil, devoted to “climate activism” — a way of coping with weather that goes way beyond using shelter, culverts, coats and umbrellas — were arrested for an unsolicited paint job. 

They spray-​painted Stonehenge.

The group says that mankind is doomed unless we stop using fossil fuels. Not instantly! That would be crazy. By 2030.

According to a Just Stop Oil spokesman, “Continuing to burn coal, oil and gas will result in the death of millions.” But if we stop, the climate will spare us.

Their website says that fossil fuels are right now “killing millions around the world.” (No mention of any lives saved by, for example, fossil-​fuel-​provided heat in wintertime.)

Worse is to come. The contours of apocalypse are elaborated on a helpful /​genocide/​ page of the site. “Scientists warn of untold suffering and death, of the collapse of whole nations, and the eradication by manmade global heating of entire peoples and cultures.”

I hope I need not stress that not all “scientists” have received this fact-​free revelation.

What will cause the mass slaughter? More weather, sometimes extreme weather? The kind of thing that we use fossil fuels to cope with and protect ourselves from? And for which, barring much wider development and acceptance of nuclear power than we are likely to see any decade soon, there is no reliable substitute?

You can wash the paint off Stonehenge. Bringing irrational fantasists to reason is a much tougher job.

This is Common Sense. I’m Paul Jacob.

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crime and punishment folly ideological culture

Cold Truth

One of the climatic shifts supposed to be happening to our traumatized planet is the melting of polar ice into huge puddles of slush, with maybe a few polar bears helplessly drifting on the dwindling ice floes of a rising sea.

The alleged calamities of various alleged major climatic changes are allegedly due solely to human civilization. We can render the latter doctrine more plausible if we ignore all the major variations of climate that transpired for millions of years before mankind and industrial civilization showed up.

Anyway, if polar ice were indeed melting away over the long term, we could argue about the causes and effects.

But it doesn’t seem to be happening.

According to research at the University of Copenhagen using photographs and satellite data, the glaciers of Antarctica have been pretty stable over the last 85 years or so. (The SciTechDaily article about the findings calls this stability an “Antarctic Anomaly.”)

With the help of modern computer technology and aerial photographs going back to 1937, the researchers managed to track how the glaciers of East Antarctica have changed over the decades.

They found that “the ice has not only remained stable but also grown slightly over the last 85 years, partly due to increased snowfall.… While some glaciers have thinned over shorter intermediate periods of 10 – 20 years, they have remained stable or grown slightly in the long term, indicating a system in balance.”

Uh oh.

Chicken Little never had it so tough.

This is Common Sense. I’m Paul Jacob.

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Accountability folly political economy

Inflation & the Infirm Incumbent

Joe Biden, inflation, economy

“From President Joe Biden’s point of view, Americans ought to be thrilled with the recent trends in inflation,” writes Eric Boehm at Reason, who quotes the president: “Wages keep going up and inflation keeps coming down.”

True enough, but, Mr. Boehm goes on, “pointing at the charts and regurgitating economic figures doesn’t seem to be as convincing as the president might hope.”

You’ve seen the left-​of-​center memes mocking Americans for thinking the economy is bad when it is, instead, g‑gr-​great!

But prices for food and gasoline, after the big bulge caused by all those COVID checks and subsidies, did not go back down to previous levels. And rising wages after the “Great Suppression” of the lockdowns seem at best a verypartial return to better times.

Boehm offers some context. “It makes sense that the recent run of inflation would leave a psychological scar. After all, the peak inflation rate of 9.1 percent in June 2022 was not only the highest annualized rate seen in more than four decades, it was also more than twice as high as the average inflation rate in any year since 1991.…” And inflation has not stopped. “In March, the annual inflation rate was 3.5 percent. Yes, that’s 60 percent lower than the peak rate in June 2022, but that’s still higher than the average annual rate in every single year between 1991 and 2021, except for 2008.”

And then there’s the higher interest rates, which, Boehm plausibly asserts, compounds our perceptions that “inflation is a major problem.”

This is a huge issue for Biden. Boehm cites the political lore: “If you’re explaining, you’re losing,” and notes that, “unfortunately for Biden, his task in the run-​up to November’s presidential election is explaining to people that they shouldn’t feel like inflation is still a problem.”

Who you gonna believe: Your cash register receipts or a feeble, corrupt, multi-​millionaire lifelong politician?

This is Common Sense. I’m Paul Jacob.

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crime and punishment folly

Crime Fighters Give Up

Canada, Toronto, police, crime, prevention

Fight crime — give criminals all your stuff today!

This isn’t my view. But it’s the apparent view of some — I hope not many — Canadian police officers.

At a recent public meeting about coping with crime, a Toronto police officer told people that to reduce the chances “of being attacked in your home, leave your [car key] fobs at your front door. Because they’re breaking into your home to steal your car. They don’t want anything else.”

To reduce the risk to you personally, give up in advance.

Are you following the reasoning? Because I’m not. And I am very disinclined to leave my car keys and cash and my Taiwanese history library in a heap near the front door to buy off home invaders.

Instead, perhaps everybody in high-​risk neighborhoods should install a trap door in their vestibule, rigged in such a way that anybody who forcibly breaks into the home is immediately dropped into a vat of starving piranhas.

AIER’s John Miltimore sees an “obvious problem” with the policeman’s helpful advice. The problem is that he is asking people to encourage burglary and theft, to make it “easier, not harder, to steal vehicles, diminishing the time it takes to commit the crime, thus lowering the risk involved.” If a lot of people follow the advice, this would tend to increase car thefts.

It all reminds Miltimore of the movie Robocop and its crime-​ridden landscape. “There’s something dystopian in normalizing this kind of violence.…”

To avoid dystopia, let’s defend ourselves instead.

And our cars. And car keys. And …

This is Common Sense. I’m Paul Jacob.

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