Monday, September 26, 2005


From the time of the Thatcher reforms in the early 1980s, Britain has been the star economic performer among the major European nations. The British went from having the lowest per capita income of the European big four (Germany, France, Italy and Britain) to having the highest one, but now there are signs the economic sickness in "old Europe" is beginning to infect the British. The British economy had been growing an average of almost 3 percent yearly for the last two decades, which is quite respectable, given that French and German economies have grown much more slowly. Over the same period, the U.S. grew at an average rate of almost 4 percent, far higher than any of the major European economies.

When Tony Blair took office, he had the wisdom not to undo the Thatcher reforms. As a result, Britain has had the advantage of far freer labor markets, and a lower tax burden than most of its European competitors, along with a strong rule of law and relatively little corruption. Unfortunately for the British, the chancellor of the exchequer (i.e., treasury secretary) in the Labor government, Gordon Brown, has too much of a "social market economy" streak. As a result, domestic spending and taxes have risen rapidly, and consequently, as would be expected, economic growth has been falling to an annual rate of only 1.5 percent.

The Europeans, including Chancellor Brown, like to talk about their "social market economy" being superior and more humane than the freer U.S. market economy, but the facts paint a very different picture. Last year, the per capita GDP (on a purchasing power parity basis) of Britain. was only $29,600 as compared with $40,100 in the U.S., and the British on average are about 10 percent richer than other EU members. Even the poorest of the U.S. states, like Louisiana, Alabama and Mississippi (all hit by Katrina), have slightly higher average incomes and the rich states, like Connecticut, have incomes roughly double those of the British.

More here



Good to hear: "Israeli aircraft blasted suspected Palestinian weapons facilities and other militant targets throughout the Gaza Strip on Sunday, at the launch of what the military said would be a "prolonged" offensive against Hamas militants for bombarding Israeli towns with rockets."

A good rant from Unca Dave: "Fellow Americans, how much longer are we going to take this garbage? They've outlawed prayer. The Pledge of Allegiance is unconstitutional. George Washington and Thomas Jefferson are depicted as filthy slave owners. Christopher Columbus is now an eeeeevil European interested solely with enslaving the pristine, peaceful natives. Abraham Lincoln is called a racist. Meanwhile, Fidel Castro and other tin pot communist dictators with funny little hats and murdering Muslims are praised beyond description for being warm, feeling humanitarians by traitors like senators Kennedy, Kerry and Durbin. Same guys, on the other hand, have made the US out to be the bad guy for pouring water on the heads of the terrorists at Gitmo (horrors!) or, even worse, embarrassing them (how dare we!). Something's gotta give, and I have a feeling it's gonna give soon!"

More about a great hero of the Left: "A new book, about to be published in France "Cuba Nostra - Les Secrets D'Etat de Fidel Castro" by Alain Ammar has destroyed a very-well constructed myth by the left: The assassination of Salvador Allende in Chile while he was being toppled by Augusto Pinochet. This article by Eduardo Mackenzie has a brief on the book. "The fact is that Allende was not a suicide, he was not killed by the military that took the power in September, 1973. During the assault against La Moneda palace, the Chilean president was cowardly murdered by one of the Cuban agents that were in charge of his protection" says Eduardo. Allende was frightened by the military and wanted to surrender. Before he could do this, he was killed. It's the second major attack on this leftist myth this month! Early this month a new book by KGB archivist Vasili Mitrokhin revealed that Allende, and other leftist leaders in Latin America received money from KGB...."

I have previously mentioned Allende's pre-war Fascism -- his antisemitism, eugenic ideas etc. Don't miss his "cure" for homosexuality!

Jeff Jacoby has a good summary of the Chrenkoff phenomenon and what it tells us about most of the media. If feel some totally unjustified reflected glory from the whole thing because Chrenkoff lives only about 20 minutes drive from where I do here in Brisbane.

Some good sense from Larry Elder. One excerpt: "Nobel laureate economist Milton Friedman writes that before the imposition of minimum wage laws, black teens were more likely to be employed than white teens. After the imposition of minimum wage laws, an employment gap emerged between white and black teens, with black teens becoming increasingly less employed. Friedman finds " . . . the minimum wage law to be one of the most, if not the most anti-black law on the statute books."

East meets West: "Economic liberalization in post-communist Central and Eastern Europe is paying off. Per capita incomes in that region are growing faster than those in Western Europe. The fact that the new poorer EU members are catching up with the old is a tribute to the power of the market. The reforms in the new EU countries are not over, but their success should serve as an example to the moribund economies of France, Germany and Italy."

When will they ever learn?: "Barely two years since the last Concordes were retired, Airbus, the European aircraft consortium, is looking at plans for a new generation of supersonic passenger jets. The manufacturer, in which Britain's BAE Systems is a partner, is drawing up designs for a 250-seat plane with a range of up to 6,000 miles that could reach speeds approaching 1,500mph. It believes that rapid growth in the aviation market means that by 2050 there could be demand for supersonic travel on hundreds of long-haul routes". [Concorde never made a cent. All the costs were borne by the taxpayers]

Wicked Thoughts has just put up an oldie but goldie: "21 Ways To Be A Good Democrat". It's very much to the point. Have a look if you don't know it.

I have just put up here a very amusing response from a reader to the quote from Tibor Machan that I led off with yesterday. He explains how Leftists classify people (even though they are "all equal", of course).

For more postings, see EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE. Mirror sites here, here, here, here and here. And on Social Security see Dick McDonald


Practically all policies advocated by the Left create poverty. Leftists get the government to waste vast slabs of the country's labour-force on bureaucracy and paperwork and so load the burden of providing most useful goods and services onto fewer and fewer people. So fewer useful goods and services are produced to go around. That is no accident. The Left love the poor. The Left need the poor so that they can feel good by patronizing and "helping" them. So they do their best to create as many poor people as possible.

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialistisch)

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