Categories
Economics Liberty

[1120] Of analogizing free market as democracy

It is Saturday morning and I just woke up from sleep. Being the internet addict that I am, within 15 minutes of consciousness, I was already log onto the internet, reading my bookmark, scouring for news or any interesting reading. Somehow, through random clicking, I reached Wan Saiful’s blog and found myself downloading “Apa itu Liberal dan apa itu Liberalisme?“.

I am not sure what I downloaded it in the first place. It might be caused by the launch of a book entitled, “Apa itu Pencerahan?“, a Malay translation of Kant’s Was ist Aufklarung?“. Liberals that do not read German might be more familiar with its English title: “What is Enlightenment?” So, perhaps, I took the recurrence of the term “Apa itu… ?” as a sign; I need to read it.

So, I read it with relative ease. With ease because there is almost nothing new in the document; I, proudly, am familiar with almost all the ideas and the cited authors. So, it is dull except at the manner the author argues for free market, which I feel is ingenious.

On the fourth page, in Malay:

…Sebagai contoh, sebab apa percaya bahawa instituisi [sig] ekonomi yang bebas itu lebih adil, pertama sebab pasaran yang merupakan satu pilihanraya setiap jam dan minit. Contohnya A dan B jual nasi lemak, siapa yang menentuka [sig] A dan B boleh jual atau tidak? Yang menentukannya adalah pasar, peti undinya adalah pasar. Jika nasi lemak A tidak sedap dia akan kehilangan undi. Keadilannya terletak di sini.

Roughly in English:

…As an example, why free market institution is fairer than the other? First, the market is an election held every minute. For instance, who would decide A and B could sell nasi lemak? It is the market; the market is a huge ballot box. If A sold low quality nasi lemak, he would lose vote. The fairness of the system is here.

Though the idea is not foreign, I had never seen it stated in such an explicit way that links democracy with free market. I think this is the first time somebody explicitly uses democracy to justify free market.

Perhaps, such presentation of free market it is nothing more than an analogy. Nevertheless, this analogy could be used to entice fervent supporters of democracy that are neutral of the liberal-socialist divide towards free market and to a certain extent, liberal democracy.

Categories
Economics Environment

[1119] Of India to sell Malaysia 220MW nuclear reactor?

Now this is a news that we do not get to hear everything. Over at Bloomberg, there is a report that India is planning to sell a 220-MW reactor to Malaysia:

Feb. 27 (Bloomberg) — Nuclear Power Corp. of India Ltd. said it’s in talks to sell small nuclear reactors to Malaysia and other Asian nations once an international embargo on India’s atomic technology ends. [India Seeks to Sell Reactors to Malaysia, Indonesia, Bloomberg, Feb 27 2007]

Now, that would soften the what-the-fuck reaction I made after reading a news report that Uncle Sam would be alright with a nuclear-powered Malaysia, and even support:

KUALA LUMPUR, Feb 27 (Bernama) — The United States said today that it would not oppose if Malaysia were to pursue a nuclear energy programme for peaceful purposes. [US Has No Objection To M’sia Pursuing Nuclear Energy Programme, Bernama, Feb 27 2007]

In recent times, the notion of nuclear-powered Malaysia was probably first mooted in 2006 by Dr. Jamaluddin Jarjis. Therefore, this development in some way should not come as a surprise.

As for me, I am still undecided about nuclear power. The fact that nuclear power could help reduce greenhouse gases emissions greatly attracts many greens to it. It may be an exaggeration but currently as far as the nuclear option is concerned, there is a great schism within environmentalism. I personally am slightly leaning towards acceptance of nuclear power as a piecemeal answer to anthropogenic climate change.

There are two things that still prevent me from fully embracing nuclear as energy.

One is waste management. There is technology out there that could safely store the waste but it is very expensive to say the least.

Second is production cost. On cost, it is quite confusing. Some say nuclear-derived electricity is cheaper than coal or gas. Some say otherwise; if the cost of construction is considered, the price of nuclear-derived electricity is higher than coal or gas. In the US, opponents of nuclear power often cite that nuclear power only become viable after heavy govenrment subsidy. If the deal goes through through, perhaps we could compare the planned roughly RM 1.3 billion 300MV coal power plant in Sabah with a power plant that would utilize the 220MW nuclear reactor.

Further, if the deal goes through, the location of the reactor would be of great controversy.

Categories
Education Personal

[1118] Of congratulations, sir

My headmaster while I was at the Malay College has been promoted:

PUTRAJAYA: Chief Inspector of Schools Alimuddin Mohd Dom has been promoted Deputy Director-General (Schools) at the Education Ministry.

Alimuddin, whose appointment was effective yesterday, received the news from Director-General of Education Datuk Dr Ahamad Sipon three days ago. [Alimuddin named Deputy D-G in charge of schools. The Star, March 2 2007]

Therefore, congratulations sir!

The last time I met him was last year during a brainstorming session.

Categories
Economics

[1117] Of Friday morning starts with free trade

Protectionists always argue that free trade hurts the poor. Professor Mankiw quotes the US Treasury Secretary Paulson as the US battles its own rising sentiment of protectionism:

Thus trade helps Americans provide for their families. When special interests seek protection in the name of low-wage workers, we should acknowledge that limitations on imports do not benefit the vast majority of Americans. They deny people the freedom to choose from a broader array of goods and services, and impose a cruel tax on people who rely on low prices to stretch their family budgets. The cost of protectionism falls most heavily on those who are least able to afford it — the poor and the elderly.

It should be noted that free trade means absence of trade-distorting policies which include tariffs and subsidies.

Categories
Politics & government

[1116] Of dear Malaysians, take me to your leader

Question.

The Prime Minister is in Yemen.

The Deputy Prime Minister is in Saudi Arabia.

So, who exactly is in charge?

The king?

Please do not tell me that it is somebody on the fourth floor.

This case also occurred in 2005.