Categories
Society

[2422] The libertarian case against Petknode

When parties voluntarily enter into an agreement, there is a minimum of what is expected of them. In the case of Petknode, the customers pay the company RM3.95 per night. In return, Petknode will provide care for the customers’ cat pets. Simple and uncontroversial responsibilities.

Many would take that for granted. I would. Those responsibilities are set in stone. Failure to fulfil the agreement warrants punitive action within reason and the victims have the rights to demand reasonable compensation however reasonableness is defined.

The state has a responsibility to ensure that the punitive action is taken, unless the parties mutually agree to settle it amicably among themselves. The state also has the responsibility to ensure that the victims are properly compensated by those whom breached the contract, with the same qualification. After all, one of the functions of the state within libertarian tradition is the enforcement of contract.

With about 300 cats found starving with 16 more dead in the care of Petknode according to The Malaysian Insider, the company has failed to fulfil its end of the bargain. Lawyers may argue the finer points of what care is but surely, death has to be the ultimately failure under any kind of definition with respect to this episode.

Anybody who believes in the sanctity of contract will easily find Petknode at fault. It is a breach of contract. There is no excuse for the breach so far. As at this moment, we have learned nothing that could have prevented Petknode from fulfilling its duties. This is appearing to be a case sheer negligence.

And that negligence creates a case of cheating. To take potshots, this is how Petknode advertised its service: cut cost, not quality. The fact that hundreds of pet cats were left to starve and die shows the kind of deplorable service level Petknode provided. Both cost and quality were cut.

I would very much like to see the owners and operators of Petknode not only refund the money it cheated of its customers, but also severely punished for their irresponsibility, even to the point of bankruptcy.

To many, perhaps the loss of lives is a graver wrong than the breach of contract. What makes the owners and operators of Petknode all the more repulsive really is the nonchalant attitude it assumed against lives entrusted under its care. I take that line but in a world where the value of animal lives is debatable and definitely not universal, the libertarian contract argument is the best minimum to rationalize action against Petknode.

Furthermore, the death is a consequence of the breach of contract. I always prefer to derive the solution from the root, not from result. Even if there was no death, it would still be a breach of contract and therefore, punishable by the state (of course, with the typical caveat of a guilty verdict in a court of law of repute). Nine days spent trapped in a small cage with terribly insufficient food and water is not care. It is torture.

I am also in the opinion that the victims should pursue civil suit against Petknode rather than letting the incompetent Department of Veterinary Service or the police exhausts their options, if they are going to exhaust it at all. Judging how the police are handling the case, it seems that the police do not think much of it. The accused are roaming free and the crime scene is being cleaned up by family members of the accused. It is as if nothing happened.  This goes back to how much an individual values a life of an animal. The police officers handling this case are probably thinking, ah, they are just cats.

I think the lawyers would be more ferocious in pursuing the case, and have (libertarian or otherwise) justice served. Need I say, people respond to incentive?

Categories
Books, essays and others Education Fiction

[2421] Yet that was what they did to their children

He thought of all the living species that train their young in the art of survival, the cats who teach their kitten to hunt, the birds who spend such strident effort on teaching their fledglings to fly—yet man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of  convincing him that thought is futile and evil, before he has started to think.

From the first catch-phrases flung at a child to the last, it is like a series of shocks to freeze his motor, to undercut the power of his consciousness. “Don’t ask so many questions, children should be seen and not heard!”—”Who are you to think? It’s so, because I say so!”—”Don’t argue, obey!”—”Don’t try to understand, believe!”—”Don’t struggle, compromise!”—”Your heart is more important than your mind!”—”Who are you to know? Your parents know best!”—”Who are you to know? The bureaucrats know best!”—”Who are you to object? All values are relative!”—”Who are you to want to escape a thug’s bullet? That’s only a personal prejudice!”

Men would shudder, he thought, if they saw a mother bird plucking the feathers from the wings of her young, then pushing him out of the nest to struggle for survival—yet that was what they did to their children. [Atlas Shrugged. Part 3. Chapter VI: The Concerto of Deliverance. Ayn Rand. 1957]

Categories
This blog

[2420] Did I tell you I love WordPress?

I initially had a webpage on Geocities. I did not update it too often and the content was very basic because it was a hassle to keep changing the page all the time. I was also new to HTML.

Then Blogger came along. Less coding and more writing.

I started to write, or blog, more frequently until my blog was getting too big for the whatever system Blogger was using to become reliable. Posting an entry was an extreme pain.

After thinking long and hard, I migrated to WordPress. Blogger did improve later but the boat has sailed.

I have been on WordPress for roughly five years now and it has been great. Everything is seamless. If there is any problem, I can almost immediately solve it by myself without relying on tech support. Customization is easy and the plugins are rich and awesome. I am in almost complete control of the whole blog, save my dependency on my web host, which I am thinking of changing due to its

The introduction of Widget made my life online far, far more convenient that I care to remember. I no longer have to add code lines, which is always a messy affair for an amateur like me. All I needed to do are upload some files and click enable. The plugin will be online soon after.

And for the past few weeks, the introduction of Jetpack has made it even more convenient.

I am unsure why I love Jetpack so much. I could install the plugins by myself and Jetpack only aggregates those plugins. Furthermore, I already have the plugins that I want. So, big deal.

Yet, it is giving me a lot of satisfaction using WordPress. Right now, I am in the process of deleting redundant plugins that are independent of the ones provided in Jetpack.

Maybe that is it. It makes the whole business cleaner.

And I like clean. And I love WordPress.

Categories
Economics

[2419] Japanese government bond yields during the 1990s

After reading my last post regarding the yield curve of the US treasuries, a friend asked if those curves replicate those seen during the Japanese Lost Decade.

The Japanese economy has been to where the US economy currently is. Arguably, Japan has not been out of it ever since the 1990s. Zero interest rate policy, or ZIRP, was popularized by Japan first. Because of this, a professor of mine quipped that “if anything, the Japanese central bank is more sophisticated than the Federal Reserve.”

So, how did the Japanese yield curves of the 1990s look like?

The year 1990 and 1991 were undoubtedly inverted, either reflecting or signaling something ominous was about to happen. This was after the Japanese property bubble. It burst and brought with it, the famed Lost Decade.

After those two years, the yield curve assumed some normality albeit some inversion in some years for some term in 1993 and 1995.

(Some of the curves do look too flat and that is because some numbers are missing from the Bloomberg terminal. I took the liberty of imputing average of the nearest readings to make the graph looks pretty.)

The curve continued to flatten over the years into the next decade. By 1996, Japan was very much running ZIRP.

The flattening of the Japanese government bond yield curve, or really the general shrinking of the curve to the point seen in the late 1990s offers a starkly pessimistic reading of the fate of the US economy.

Nevertheless, it is a kind of fatalism to assume that is the ultimate fate of the US economy. Right now, the yield curve in the US is still steep, although it is flattening (notwithstanding the talks of “Operation Twist”).

Categories
Economics Personal

[2418] Clarification about me and IDEAS

Last Monday, the Sun published a report on food stamp. They interviewed me for that report. The authors of the report quoted me as “a member of the Institute for Democracy and Economic Affairs (IDEAS) and is responsible for its economic studies arm.”[1]

While I spoke to one of the authors on behalf of IDEAS, I would like to clarify that I am not responsible for the “economic studies arm” of the institute.

Mohd Hafiz Noor Shams. Some rights reservedMohd Hafiz Noor Shams. Some rights reservedMohd Hafiz Noor Shams. Some rights reserved

[1] — Hafiz Noor Shams, a member of the Institute for Democracy and Economic Affairs (IDEAS) and is responsible for its economic studies arm, said: ”Food stamps are not the best idea, but not the worst either. It is a short-term solution to an immediate need.” [Pauline Wong. Michelle Chun. Experts: Food stamps only ‘short-term solution’. The Sun. August 22 2011]