Categories
Economics Liberty

[1502] Of welcome to the Soviet Union

Remind me again, did the Communist defeat the combined Commonwealth forces during the Malayan Emergency?

PUTRAJAYA: Five kilograms — that is the maximum amount of cooking oil that each consumer can buy when a move to solve the shortage of the essential item is enforced next week.

Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal however did not specify when the move would be implemented to increase stocks of cooking oil, especially in areas like Kelantan, Pahang, Malacca, Kedah and some parts of the Klang Valley where the shelves are getting bare. [5kg buying limit on cooking oil. The Star. January 5 2008]

I ask you comrades, because our economic policies are showing the characteristic inefficiency[1] of a communist economy.

Let prices be free instead. I would rather have inequality in wealth rather than equality in poverty.

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

p/s — This is Malaysia under the Abdullah administration:

Some rights reserved. By Mohd Hafiz Noor Shams

It is time to take it back. If we do not, these people would have died in vain. They would have fought for nothing.

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

[1] — See remarks in the comment section. Shortage is not uncommon. Similar episodes are observable in the past, for instance, in the sugar market not too long ago. Such shortages constitute inefficiency. After some rethinking, the word inefficiency works better than the word characteristic. Indeed, Malaysia has run a centralized economy for the longest time but I do not remember when was the last time the government has imposed a rationing regime on goods (okay, apart from water…). Perhaps, I am suffering from recency effect bias but the point here, taking the hyperbole aside, there is a mismanagement of the economy that is associated with centralized planning.

Categories
Humor Politics & government

[1501] Of the Former Turkish Province of Greece

Too good to let it pass peacefully:

SIR — The problem of Greece’s refusal to agree to the name of ”Macedonia” for its northern neighbour is easily solved (”The game of the name”, December 8th). Let Macedonia be admitted to various international bodies under the title of ”The Former Yugoslav Republic of Macedonia”, as Greece demands, but on condition that Greece itself be reseated under the name ”The Former Turkish Province of Greece”. An additional advantage of this solution would be that the two countries would sit side-by-side in the United Nations, thereby facilitating constructive private discussions, or fisticuffs according to the mood of the day.

David Brewer

Puslinch, Canada [On urban populations, secularism, international law, cocaine, Macedonia, computers, Alaska. The Economist. January 3 2008]

Witty.

Categories
Economics

[1500] Of Tata’s Jag?

Jan. 3 (Bloomberg) — Ford Motor Co. selected Tata Motors Ltd. as the preferred bidder for Jaguar and Land Rover, putting India’s largest truckmaker in a position to take over two iconic British luxury auto brands. [Tata in Talks to Buy Ford’s Jaguar, Land Rover Units. Bloomberg. January 3 2008]

Hmm…

Categories
Politics & government

[1499] Of Huckabee and Obama won

If in the end it is down to these two politicians, there will be no contemplation at all for me: it is Obama all the way:

DES MOINES — Senator Barack Obama of Illinois, a first-term Democratic senator trying to become the nation’s first African-American president, rolled to victory in the Iowa caucuses on Thursday night, lifted by a record turnout of voters who embraced his promise of change.

The victory by Mr. Obama, 46, amounted to a startling setback for Senator Hillary Rodham Clinton, 60, of New York, who just months ago presented herself as the front-runner for the Democratic presidential nomination. The result left uncertain the prospects for John Edwards, a former senator from North Carolina, who had staked his second bid for the White House on winning Iowa. [Obama Takes Iowa in a Big Turnout as Clinton Falters; Huckabee Victor. NYT. January 4 2008]

With Obama winning the first race, one thing may be clear: skin color does not matter!

In the Republican camp, Ron Paul performed way better then Rudy Giuliani. Looks like the libertarian is going to outlive the mayor. This is very impressive given how much financial back Mr. Giuliani has compared to Ron Paul. In other words, Guiliani is humiliated.

This blog shows why the victory over Giuliani is so sweet:

It was mid-May, and the former mayor of New York was riding high following one of the early debates among the Republican presidential candidates. The primo sound bite had been a snap to identify: Giuliani’s outraged, impassioned reply to Paul’s assertion that U.S. foreign policy, especially the periodic bombing of Iraq in the aftermath of 1991’s Gulf War, was to blame for the Sept. 11 attacks.

Giuliani, not waiting to be called upon, seized the moment by terming Paul’s comment “an extraordinary statement” and urging the Texas congressman to retract it (which Paul did not).

To give Paul his due, even in the immediate aftermath of 9/11 — when the emotional response to the assault was at its rawest — serious scholars had begun hashing over the role played by American policy in the Mideast, particularly long-standing support for Israel, in fueling Islamic extremism and hatred for the U.S. But in the format of a candidate debate — where rhetorical zingers count far more than lengthy discourse — Paul’s remark amounted to a grooved fast ball down the middle, and the consensus at the time was that Giuliani parked it.

As MSNBC’s online political note put it at the time, Giuliani may want to “hire out Paul for the campaign trail — he could be the Washington Generals to Rudy’s Globetrotters” (i.e., the patsy willing to get beaten in every game).

That was then, this is now. In Iowa, Paul, 10%; Giuliani, 4%. [Ron Paul gets some revenge. Top of the Ticket. January 4 2008]

Paul’s performance is also this: a middle finger to Fox News!

For the result itself:

IOWA RESULTS
DEMOCRATS (official)

Barack Obama – 37.6%
John Edwards – 29.7%
Hillary Clinton – 29.5%
Bill Richardson – 2.1%

REPUBLICANS (96% complete)

Mike Huckabee – 34.3%
Mitt Romney – 25.3%
Fred Thomson – 13.4%
John McCain – 13.1%
Ron Paul – 10.0%
Rudy Giuliani – 3.5%

[Huckabee and Obama take Iowa wins. BBC News. January 4 2008]

The NYT has the full result for the Iowa race.

The rise of Huckabee, is worrying. His social and economic opinion are bad news for all libertarians. If Ron Paul does not make it, I will go for Romney.

But damn! Ron Paul did well despite mounting criticism directed against him in the last few weeks.

Next stop: the “Live Free or Die” state. You cannot get anymore libertarian than that!

Categories
Earthly Strip Politics & government

[1498] Of Earthly Strip: No Crisis

When I read an article relating to the resignation of Chua Soi Lek in The Star today…:

Fair use.

…I just could not resist it:

Some rights reserved. By Mohd Hafiz Noor Shams.

I just love the Prime Minister. He gives too many opportunities for humor. Perhaps, he aims to rival the current US President!