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Sovereign Default

Two guys, Sovereign and Subject, have an arrangement of sorts.  Subject does the work, Sovereign sponges off of him.  Subject puts up with it, because Sovereign will beat him up if he doesn’t.

Sovereign has gotten greedy of late.  He’s decided to issue bonds backed by Subject, with a guaranteed return rate.  He keeps some of the funds raised for himself, and maybe uses some to make Subject’s life a little more productive as well, but with the explicit condition that Subject is going to have to pay these funds back with interest.

Subject doesn’t like this plan.  He also sees that Sovereign has very little incentive not to overpromise what Subject is capable of.

Sovereign has two takers in his Subject bond offering, Investor and Leech.  Investor is impressed by what Subject is capable of, and wants to keep him well funded to achieve more, and to profit in the process.  Leech is a bully and a coward, and wants Sovereign to squeeze Subject for all he can.  Both have purchased bonds for very different reasons, but both are very concerned by the writing on the wall.  It’s becoming apparent that Subject is overworked.  He’s lost his motivation, and he’s been giving so much to Sovereign and Sovereign’s creditors that he hasn’t been able to properly take care of himself. Payments meeting the exorbitant amounts Sovereign has promised are no longer a given.

Naturally, Sovereign is troubled greatly by this development.  If Subject underperforms, his gravy train derails: Not only does he lose his direct revenue stream, but also his take from controlling access to Subject.

This is similarly a catastrophe for Leech, as he’s been counting on Sovereign keeping Subject producing.  Leech doesn’t have the strength or courage to push Subject around himself, so he’s been content to get his cut from funding Sovereign’s bullying efforts.  But with recent developments, he’s starting to get cold feet.

Investor is worried too.  Specifically, he’s worried what Sovereign and Leech might do to Subject if he doesn’t meet Sovereign’s demands.  Sovereign might just kill him in a fit of rage.  Leech might give up on Sovereign altogether and just try to extract what Sovereign promised him directly from Subject.

Poor Subject.  He’s saying to anyone who will listen “I never asked for this!  I wanted to be left alone.  I promised nothing to anyone.  Why should this be my problem?”

Investor sympathizes.  He’s always seen Sovereign’s involvement as an obstacle, not an asset.  Investor always saw his bond purchase as a way of buying into the opportunity that Subject represented.

Leech is having none of it.  He has no qualms about trying to hold Subject responsible for Sovereign’s promises.  All he knows is that he was promised a guaranteed return, and he’s gonna get it one way or another.

What honest man would blame an equally honest fellow man for refusing to honor debt incurred by others?  How would such a default constitute a moral failing?  When a private individual incurs debts in another’s name without his consent, that is called identity theft.  Why is it considered to be a binding agreement when perpetrated by government?

When I hear of the legacy of debt I and my children and my children’s children will be buried under, all I can think is “Hell no.  I’m not gonna pay.”  Let’s get this crap off the balance sheet.  It doesn’t belong there.  We need to throw out the bums who thought it was proper to promise our labor, and to repudiate the debt incurred by them.  I have no sympathy for the creditors who thought it was safe to count on our compliance.  And for those creditors who thought they were making an investment, I’m sorry, but you were mistaken, and you are a victim as much as we have been.  Let’s get up, dust ourselves off, leave Sovereign and Leech in the wreckage of their ill-conceived plan, and work together directly from now on.

Posted in The Project.


The Chaos Pendulum and The Ratchet

(Sounds like a sci-fi/fantasy short story, but it’s not.  It’s just a short blog post.)

Something struck me that has dampened my optimism somewhat.  I was thinking about the unsurprising resistance the administration’s health care ambitions have faced of late, but it occurred to me that even if I were interested in practicing medicine, and even if all of the administration’s proposals were defeated and free-market reforms enacted in their place, I would still not have the confidence to make medicine my career choice.  It’s abundantly clear that the majority thinks the liberty of doctors to practice as they and their patients jointly see fit is subject to their approval, whether or not they choose to exercise their authority.

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This is part of a larger truth.  The visible gyrations of the political sphere are like those of a chaos pendulum.  Any given snapshot of activity can appear wild, frenetic, born as they are from interaction effects of prior vectors and momentum.  And yet, there is a regularity to this motion, a predictability, if not from moment to moment, then from decade to decade.  There is a limit to the extent of the movement, and a reach in one direction will be followed by a lurch to the other.

The chaos pendulum should not be ignored, as you may find yourself lifted, or walloped, by its beams.  And indeed, this is where everyone focuses their attention.

Meanwhile, a ratchet mechanism slowly advances,r and a pawl prevents its retreat.  This is the ever-expanding public sphere, which subjects more and more of private life to the authority of all.  The effect of this ratchet is essentially invisible from moment to moment, miniscule compared to the gross movements of the chaos pendulum.  But its tiny motion is nothing less than the relocation of the chaos pendulum’s center of gravity, its equilibrium position, which even if never attained for more than an instant still directs its flow.

My suspicion of late is that the ratchet is only reset by revolution. There can be pro-liberty and anti-liberty revolutions, but empirically, gradualism and entropy favor the consolidation of power in the state.  (I am also coming to believe that this is related to where the arms are.)  Perhaps a rebellion can accomplish the reclamation of liberty without the need for total revolution.  Then again, total revolution might wind up being easier as the state collapses under its own weight.

I still maintain my optimism regarding (and my assessment of the value of reclaiming) the hearts and minds of the public, and this position has been borne out repeatedly in my own life in the last few months.  But I think those hearts and minds will need to power and direct some muscle.

I worry about the future.  As for tonight, I’m going to enjoy some plum gekkeikan and dark chocolate, and watch A Day At The Races with my six- and eight-year-old sons.

Posted in Musings.


If you’re looking for a strike site…

Also, while I’ve got some attention, let me mention the recent site of early commenter “Jason – 1″, who’s trying to get an actual strike going for next April at http://www.notdependent.com. He’s really looking to take some action now (unlike myself — my estimate is about ten years before we hit a point of no return, so I’m not in a huge rush yet).

Posted in Other Galt-ish Projects.


There is?!

As much as I appreciate the Instalanche (and Glenn, a big thank you for all you do for libertarian thought, policy differences aside), I would hardly call this a “Going John Galt” website.  It will be someday, but the strategy isn’t developed enough yet. As I told the Colbert Nation when they found this place, [cutting and pasting...] assuming my G4 Mac Mini hasn’t crapped out again, welcome one and all.  Enjoy your look around, and I hope some of the stuff I and my commenters have written are of interest to you (please keep the comment policy in mind, thanks).  I’ve linked some of my favorite posts on the sidebar, and I kinda like this recent one too.  Like I said in that post, “The culture is changing; what’s happening here [at this site] is both a symptom of the change, and an agent of it.” But change is tough, and I could use your ideas.

Posted in The Project, Under the hood.


Martian duststorm

And you won’t hear from me until it’s over. I need to reply to the folks I owe replies to, moderate some comments, and most of all, write out the next few posts I’ve got planned, but not until this storm of non-GJG activity ceases. Which will probably not be until next week. Hope to see you then, hope all of you are well.

Posted in Under the hood.


Working too hard to go “John Galt” this week…

…and no, the irony isn’t lost on me :-) . But I feel bad just putting that teaser out last week with no follow-up yet; I haven’t been even able to get around to replying to a few interesting comments (and indicating my appreciation for some supportive others), so I’ll throw a couple of quick points up right now.

1) A lot of those who value political liberty in the U.S. are devout Christians. I’m an atheist myself (I wouldn’t classify anyone as an objectivist who wasn’t), but a large majority of the best people I know on a personal level (as well as the people I most admire in history) are people of faith, and the large majority of them are Christians. As a homeschooler in New Jersey, I feel particularly indebted to the Christian families who did (and continue to do) the yeoman’s work in making and keeping homeschooling a viable educational option for my family, even if some of their motives for doing so are not the same as mine. And in this fight in particular, I’m proud to stand with anyone who recognizes my right to be free, even if they may disagree with my personal plans for my freedom, or with my reasons for valuing it.  In short, nothing would make me happier than for people of all faiths and of no faith to win the fight for liberty so we can be free to be bitter enemies once again, our common foes having been vanquished ;-) . I’m not diminishing the significance of our differences, but neither should the strength we can derive from our common values be diminished.

2) I’ve made this point before, but I think it bears re-emphasizing as it might not be obvious to someone unfamiliar with this site: I really, really don’t want to ever actually have to go “John Galt”. Now I still feel quite certain that the only way to avoid having to do so is to show that you actually are willing to. But there’s more that can be done too, and that’s what I’ve been thinking about lately. And it has to do with recognizing an important fact about the conflict between your average producer and your average functionally anti-freedom person: neither one has their heart in this fight the way their opponent fears they do. The producer is not pro-freedom because they desire to see widows and orphans starving, and the person who thinks that freedom is undesirable does so out of a miscalculation about both the impracticality of freedom and the efficacy of force as a necessary evil, not because they desire to see productivity punished.  There are exceptions to this characterization on both sides, but they constitute a minority small enough to be ignored when considering the forces that shape society. More to come eventually.

Posted in Musings, The Project.


[click]

So if my comment policy was the first thing I think I got right (and I’m highly confident it was) in my search for an original and effective response to the loss of freedom, then this new idea that just occurred to me (after some words from a co-worker were turning in my brain) is the second. It’ll be pretty controversial with many of my political and ideological brethren, I suspect, but I’m eager to defend it.  Too bad I don’t have time to write about it tonight, and probably not tomorrow, and if not then, then probably not until Wednesday. I’m sure you’re all on the edge of your seats :-) .

(What my co-worker said was “It’s okay, I have no hate in my heart.”  To which I responded, “And neither do I.”)

UPDATE:  Yeah, no time to really write anything.  The only thing I’m adding tonight is to mention that I see no reason to suspect that people today are inherently more virtuous or wicked than they have ever been in human history.  And that goes cross-culturally as well.  Most people worldwide embody a desperate desire to see good triumph, and are riddled with anxiety that good is impotent.  The phrase “Worldwide Prisoner’s Dilemma” just drifted through my transom…

Posted in The Project.


The Atlas Shrugged Book Campaign

Atlas Shrugged Book CampaignOver at go-galt.org, C. Jeffery Small is making a push this April to mail letters and copies of Atlas Shrugged to our elected representatives and unelected power-wielders.  For those of you itching to make a pro-liberty statement around tax time, he provides a wealth of information and suggestions on how to hone your message.  I know many of those who stumble across this blog have been in search of a way to express their frustrations with the anti-freedom mindset of our political class; his project might be right up your alley, so check it out!

Posted in Other Galt-ish Projects.


Dr. Larch, anti-vaccinators, freedom

In John Irving’s The Cider House Rules, Dr. Larch considers himself an abortionist out of obligation, because of the practice’s illegality. He argues with his protege Homer that his personal feelings on the matter are irrelevant as long as women are forbidden from availing themselves of abortion as an option. According to Larch, only if and when abortion was legal could Homer allow himself the luxury of personal conscience; until then, however, he expected Homer to fight for the women who came seeking deliverance. (Please note: this is not a commentary on this view of abortion — both proponents and detractors have much stronger arguments than those barely hinted at here. It’s not even a commentary on the moral stances of the characters involved.)

I homeschool my kids. Such as it is, anyhow (the more accurate term is “unschooling”). Homeschooling being a fringe activity, you run into a lot of fringe viewpoints (and you can use this site as Exhibit A), and one with a lot of currency among homeschoolers is distrust of vaccines almost on principle.  As a scientifically-minded person, this drives me nuts. Seeing otherwise reasonable folks reject one of the greatest medical achievements of the previous two centuries, endangering not only their children, but other children and adults as well, angers me greatly. However, I feel an obligation to defend their right to make that profoundly irresponsible choice from those who would allow them no choice at all. As important as vaccination is, liberty is even more important to a healthy society.

There are many things one can peaceably do with one’s own freedom. You can try to better everyone’s lot in life, or just your own. You can waste it, or what’s more, use it to convince thousands of others to waste theirs as well. But the only right one can have to sit in judgment of how another has chosen to peaceably use their freedom comes from the fact that one acknowledges their right to freedom in the first place.  The person who would say “See how he exercises his freedom when it’s granted? This is why I cannot permit him to keep it.” already believes that their desired outcomes are not only worth more than another’s, but that that fact entitles them to grant or revoke his freedom as it suits. To them I have nothing to say, as befits the chattel they take people for. I will not waste words on those who refuse to treat others as fellow humans.  I may share or dispute their moral assessment of another, but while they insist that their moral assessment is a cudgel with which they may compel their peaceable but allegedly moral inferiors, they are unworthy of pronouncing moral judgment. Against them, I will side with the miser and the wastrel. Both are the moral superior of the highwayman.

Posted in Musings.


Me and Krugman both

This just caught my attention, given my post from a month and a half ago:

Krugman says he found himself in the science fiction of Isaac Asimov, especially the “Foundation” series—”It was nerds saving civilization, quants who had a theory of society, people writing equations on a blackboard, saying, ‘See, unless you follow this formula, the empire will fail and be followed by a thousand years of barbarism’.”

I guess we’re all looking to save the world, all trying to plan our own First Foundation. Of course, Paul Krugman has some very different ideas about how to go about it (that, and a Nobel Prize [grumble, grumble, all just a big popularity contest, grumble, grumble...]). At least they’re not as bad as Shoka Asahara’s.

Posted in Current Events.