Eduardo Saverin: "Who is John
Galt?"
Eduardo Saverin, known by most of us as the former CFO of
Facebook portrayed in the movie The Social Network,
renounced his citizenship right before the public offering of
Facebook and now lives in Singapore.
It's typical for people to find this as an ungrateful or
unpatriotic act. This roots from the concept that all taxes are
good or that taxation is the best way of helping the poor and, if
Eduardo Saverin stays in the US and pays taxes, he will be able
to "give back" to society.
It's really quite easy to show how coercive taxation can be
especially for such a big and powerful State like the US. If he
didn't move, for example, regardless of his own personal position
on foreign policy, millions of his justly earned money (granted
that he did not steal or commit fraud to earn) will be used to
fund the never-ending wars and interventionist foreign policy all
over the world. That's coercion if they use your money for
war even when you are against war.
If not the wars, it'll go to bankers or the CEOs of companies by
means of bailouts. Even this is justified by the statist ideology
that government has to step in or else thousands of jobs will be
lost and that there will be chaos. Such a moral hazard when
society deems people like Saverin who earned justly acquired
profit as evil and justify bailouts that give a bunch of crony
CEOs taxpayer's coerced hard-earned income.
And if the wars or the bailouts aren't enough (I love using those
as examples because I know most social liberals, as opposed to
classical liberals, hate war and bailouts and attribute them to
capitalism when really both are statist concepts), his money will
end up subsidizing the "welfare" of the unemployed and therefore
incentivizes "freeloader" behavior. What kind of society punishes
the productive and honest earners and at the same time rewards
the lazy? In the market, innovation, skill, talent, and hard work
is rewarded and not the other way around.
It's coercion if a system rewards the lazy and punishes those who
work and justly acquires wealth. It doesn't matter if "he just
got lucky" or didn't really help out with with the creation of
Facebook. It's probably the same reason why he now only owns 4%
of the company. It doesn't mean that you will take away his right
to renounce the State. Imagine taking away the rights of lottery
winners from migrating or expatriation. It is in the root of the
social contract that you have the right to renounce your
government.
If not for high and unnecessary taxes, he would have stayed and
invested in the US and his money would
have benefitted society anyway. He would create
businesses and create more jobs and opportunities or maybe invest
in start-ups or the businesses of others. The problem is that a
society with so many red tapes, regulations, and high taxes will
always discourage investment and job creation.
Even if he decides to just squander all his money, society would
still have benefitted. For example, if he wastes all his money on
sports cars and clubbing, for instance, the wealth is voluntarily
shared to car dealerships, clubs, alcohol companies, and many
others. Paychecks are signed, products are traded and consumed,
jobs are created, all in spite of the lavish lifestyle of
the bourgeoisie or the "greedy capitalist pig".
In Singapore, there is no capital gains tax which is supposedly
the main reason why Saverin is migrating, something that most
people believe will trickle down democratic society if ever
abolished (when really it is unnecessary tax and legalized theft)
as if roads will stop being created and progress will be at
halt.
Migration as Indicator of Freedom: Singapore and the future of
the Philippines
I remember this video I watched of Milton Friedman where he
likened migration to "people voting with their feet". He told the
story of thousands of migrants flocking from China to Hong Kong
and not the other way around. It is quite democratic also because
Hong Kong's borders were free and open. Since the days of Exodus,
people have walked thousands of miles to look for freedom and
opportunity.
This reminds me of the time that video of Winnie Monsod's video
that portrayed doctors who leave as traitors. I just can't agree.
I believe that the State is the real traitor for not giving them
the same opportunities here. If anything, these emigrants who
contribute to the "brain drain" also contribute to the economy
and wealth creation here. I have so many relatives who now live
abroad who are able to help their families and friends here
financially. What they can do instead is earn abroad and invest
here. But even investment here is so discouraging. I should
probably discuss brain drain and protectionism on another post so
I won't stray away from the real issue at hand.
Hong Kong and Singapore are currently two of the freest economies
in the world (source). Two small pieces of land with very
little natural resources have become the most prosperous,
peaceful, and secure nations in the world. Both have very minimal
taxes and are very pro market and free trade. I have made
the case for Singapore before (see The Singapore Argument). And for those who
believe society will collapse and roads will never be built if we
abolish certain taxes or minimize government, you should surely
check out Gurgaon city in India where a free and prosperous
community was created even without the government (see
Gurgaon city, India - progress where there is
absence of government).
I brought up those things because I believe those are real-life
tested economic models we should be following. Maybe create
charter cities in every region as I suggested in one of my posts
(see Paul Romer talks about Charter Cities). I have
always said that we have so much unused space and so many islands
that are all potentially future Hong Kongs are Singapore of this
country.
Just take Eduardo Saverin as an example. He decided to move to
Singapore, a small neighboring country, again with no natural
resources or beautiful tourist attractions like ours. We should
be more inviting to people like Saverin. We should show investors
that our policies will not be a burden to them so that they will
come here and invest their wealth in our country.
See Also: Atlas Shrugged Movie Review
Date Published: May 25, 2012 - 10:20 pm
It's quite rare to see Ron Paul headlining the frontpage of any
newspaper. Although I believe it's something we need to get used
to in the coming weeks until the convention in Tampa on August
(if you're not sure how the whole nomination process in the US
elections work, see video below).
Ron Paul headlines Las Vegas Review-Journal frontpage
If you followed
my Twitter at the time, you would have
noticed I was following the Nevada caucuses very
closely. You see, I had a bet with my father. Like many, his
prediction was that Romney was going to win. At the time, I was
very confident knowing that Ron Paul did surprisingly well in
this state back in 2008. With a much stronger and growing
organization this year, many Ron Paul supporters were predicting
that this will be the first straw poll win. But you see, that's
all it was — a non-biding straw poll. And you know what
really matters? That's right — delegates!
The next morning after the caucuses, as the results were being
counted, the trend was that Ron Paul was on a close third place
next to Newt and, yes, Romney was in first. I knew I'll never
hear the end of it. My father claimed precognition and seemingly
justified his position that I am supporting an unelectable
candidate.
Redemption loomed as the image above appeared on my Facebook
feed. And it's more surprising because it's on the frontpage of a
local newspaper in Las Vegas. I've always attributed people's
support for Romney or any other establishment candidate as a lack
of information coming from social media (see
Why is Ron Paul Attracting Young Voters?). In
the long run, the mainstream media will no longer be able to deny
Ron Paul's presence especially now that he's been collecting more
and more delegates and will surely be a strong force in the
Republican National Convention (see
my Predictions for the 2012 Republican National
Convention in Tampa).
I am quite pissed that the YouTube channel "RonPaul2008DotCom"
was taken down due to IPR claims (see
YouTube and IPR). Many of the videos I've
posted here came from that channel and now I'm quite lazy to
replace them all one by one by other videos that haven't been
taken down from YouTube. I do apologize if many of the videos on
this blog are temporarily unavailable.
I've been trying to write about local issues recently (see
my take on Spratlys or
my take on anti lady gaga protesters) so that
this blog won't just seem like Ron Paul fan blog but I did
mention that this might be a bit unavoidable especially as the
convention in Tampa gets nearer and nearer.
Delegates? Caucuses? Primaries? How do they all work?
Okay, so you're probably really confused with the whole
nomination process in the US elections. Don't worry, there was a
time when I didn't understand anything either. Here's a really
good video explaining the whole nomination process:
Now that you've learned how it all works, let me emphasize again
that Ron Paul has been getting a lot of delegates and now has a
sure spot in the Republican National Convention that will be held
in Tampa, Florida on August.
Date Published: May 21, 2012 - 10:53 pm
Certain religious groups have decided to protest against the Lady
Gaga concert in Manila. Several of our politicians also expressed
the same sentiment. (
source)
Anti-Lady Gaga Concert Protest
These people, of course, are exercising their freedom of
assembly, freedom of speech, and, to a certain extent, their
freedom to practice the religion of their choice. My concern is
that they are protesting against extending these freedoms to
others. Keep in mind, our liberty ends where the liberties of
others begin. As that famous quote goes: I may not agree with
what you are saying but I defend to the death your right to say
it. They can peacefully protest all they want in the
proper venues but they can never ask the government to take away
the same freedoms they are exercising from others.
I'm personally not a fan at all of Lady Gaga but I definitely
wouldn't want those who enjoy her music to be deprived of the
right to watch her live. This is all voluntary after all. No one
is pointing a gun at anyone and forcing them to go to the
concert. If the protesters really deem this concert as immoral
then they don't have to go. For minors, it's surely a parenting
issue and not a State issue. These protesters have every right to
be a restrictive parent, perhaps heavily regulate their kids'
internet and other media usage or something to prevent them from
being influenced by Gaga but they have no right to impose this
kind of parenting on others.
This Filipina kid went viral and got featured in the show Ellen
Plus, it is quite a petty issue. If anything, the Lady Gaga
concert in Manila or any other concert for that matter will
create jobs and be good for our economy. It will also show that
our country is safe to be visited by tourists. It's just my
opinion that the protesters might have a better use of their time
or so many other issues to advocate or protest about.
I was actually at the Lamb of God concert here in Manila a few
years ago, something you'd think would be an instant target of
protest from social conservatives. Much to their dismay, I don't
worship satan or engage in violent activity in spite of my liking
for the loud music of Lamb of God. I just appreciate the skill
and talent in their music. My theory, had they known about
the Lamb of God concert, I'm sure they would have protested as
well and they would have wanted me to be deprived of my peaceful
and non-violent right to watch the concert.
The social conservatives will always be there and they will
always have this war on the "immorality" of music they don't
like. Just look at how there are kids on the photo of the
protests. They will surely grow up and raise kids of their own
and pass on this indoctrination that only certain groups should
be able to exercise certain freedoms, especially groups that
agree with their own personal beliefs. Again, I emphasize that I
respect their right to assemble and speak out their voice for as
long as they are not hurting anyone or destroying property in the
same manner that I respect the rights of those who want to
assemble and voluntarily watch Lady Gaga.
I'm just really scared of the involvement of our politicians and
lawmakers. I fear that this kind of social conservative mentality
will lead to censorship, regulation of the internet (something
most of us fear as expressed by the world when threatened with
SOPA), a big and restrictive government, and
further degradation of our civil liberties.
1.
Defending the Undefendable by Walter Block
2.
Liberal vs Conservative vs Libertarian
3.
Stay the Hell Away from My Internet
Date Published: May 20, 2012 - 1:02 am
What lessons can we learn from the 2008 Georgia-Russia
Conflict when the US did not help Georgia?
Have you seen the movie
5 Days of
War?
The movie depicts the 2008 conflict between Russia and
Georgia. It's actually very recent and if not for this film, I
would never have been able to learn about this conflict. At the
time, while the media was busy covering the olympics in China,
thousands were killed or displaced in a war that lasted for only
five days. Unarmed civilians, even children, were executed. And
one of the main causes of the war is territorial dispute between
states — a similar problem we now have with China.
Of course, the film is sponsored by the State of Georgia and we
can't really be sure if it's entirely factual. The international
community is divided; some side with Georgia while some with
Russia. The truth is, no one really has proof on who started
what. An independent report commissioned by the European Union
states that Georgia started the attack (
source). Even the Human Rights Watch and BBC
(
source) take a similar position (something very
opposite of what's shown on the film). Of course, these reports
came out long after the war occurred.
Although this obviously begs the question of why Georgia, no
matter how heavily armed they are, would start a war against
Russia's superior arsenal and international influence. It's like
what they say:
history is written by the victors. We can
never really be sure of what exactly happened to spark the 5 days
of war. And obviously Georgia is the underdog.
The same could happen between us and China. We might just be at
the murky beginnings of a war where the innocent will die and no
one will really win. One unordered misfire that will hit either
side could cause an unwanted war. It doesn't even have to be from
either side. Terrorists, rebel groups, and even arms
dealers could easily take advantage of the situation. And, again,
the only victims would be the unarmed individuals and families
who have no vested interest in this conflict.
And in the case of an armed conflict, will our defense treaty
with the US really stand or could they easily shrug it off with
technicalities being that they would never want armed conflict
with China? I have mentioned in a previous post that
the world is losing faith in the dollar. When
they are already trillions in debt to China, would they really
engage in an armed conflict? Perhaps this is the main reason why
I am comparing the Spratly Islands dispute to the 2008
Georgia-Russia conflict because when they needed help from the
US, they didn't get any.
And Georgia is a country that sent troops, their own young men
and women, to Iraq to help the US with their neocon agenda of
looking for supposed weapons of mass destruction. This is all, of
course, in the hopes that one day there would be a payback. This
was all to preserve their strong ties with the US knowing well
that Russia has territorial dispute with them and that there was
a threat of war.
During the conflict, then president George W. Bush sent a
statement to Russia saying "Bullying and intimidation are not
acceptable ways to conduct foreign policy in the 21st century."
It's basically like sending an email that he doesn't agree
with what Russia is doing. The Bush
administration considered a military response to help
defend Georgia but in the end concluded that they can't risk
inevitable conflict with Russia (
source). All they were able to do was send
humanitarian supplies. In the end, George didn't help
Georgia.
Of course, we gain confidence because of the defense treaty we
have with Big Brother but, again, will Big Brother really risk
conflict with China? I'd even like to think that China itself
won't risk an armed conflict with us but many assumed the same
about both Russia and Georgia not being capable of a first-strike
before 2008.
It was assumed that in a world that has witnessed two world wars
and has created the United Nations (the same big government
coalition that created UNCLOS which strengthens the Philippine
State's claim to the said islands), you'd think we've had enough
of the violence of war and that we now live in a world of
peaceful trade and diplomacy.
Nowadays, after an armed conflict, all politicians have to do is
stand behind a podium in front of cameras and say that they
condemn war crimes and the rest, as they say, is history. War is
a messy business where justice is never served. All is not fair
in love and war. We cannot afford an armed conflict with China on
not just economical but also moral grounds in spite of how
confident we are with our defense treaty with the US.
I am reminded of a story a professor once told me about two
brothers who inherited a farmland (I'm not sure what the title
is). Right before their father died, he told the two brothers
that there is hidden treasure in the farmland. The two decide
to divide the land equally in half. One brother, greedy for
treasure, spent all his time and resources on digging and
looking for the treasure. The other spent all his time on
planting and cultivating different kinds of flowers. The first
brother ended up bankrupt with nothing but a lot full of empty
holes. The other brother became the owner of one of the most
successful flower store chain in the country and became really
rich.
My two cents, let's let go of this petty dispute. Let China dig
for treasure, for oil; let them be the first brother in the
story who ended up with nothing. We don't need oil to be
prosperous. In the documentary Free to Choose, Milton Friedman
explains in the beginning that Hong Kong is basically just a
piece of rock with no natural resources and yet it became very
prosperous because of free trade and limited government. The
same can be said about Singapore (a case I've already made in
my article
The Singapore Argument). Can we not be
prosperous without oil?
I actually just came from a
beach trip in Bicol and every time I go
around the country, I always notice that there's so much unused
space. In fact, we already have 7,000+ islands that we have not
utilized. Adding a few more won't make a difference unless we
change our policies and rethink the role of
government. Decentralize power from Imperial Manila and
empower the markets of provinces; real peace and
prosperity is in civil liberties and economic freedom not in
pieces of land that might or might not have oil (that we don't
even have the technology to utilize and will most likely just
end up with foreign investors with the biggest bribe or crony
corporations).
Again, this is just my two cents. I have discussed in my
articles about
Top Gear's Middle East Special and
Conflict Kitchen that foreign policy is
very complex and I'm not really sure exactly on what should be
done that will result in the least damage or harm. One thing is
for sure though: violence and armed conflict is not a solution.
We have been trading with the Chinese since the dawn of
civilization. We have thousands of Filipino loved ones working
in China as OFWs. Many of the job creators and entrepreneurs
here, from smalltime to conglomerates, are Chinese. This laptop
I'm using right now was made in Shenzhen. Malaysia, Vietnam,
and Brunei also asserts their claim in the islands. Now whether
you agree or not with my proposed solutions, I hope we can
agree that we must not engage in an armed conflict with China.
Date Published: May 13, 2012 - 12:11 am
Here's a video of Ron Paul supporters in Spain rallying last
March in Madrid. It really goes to show that Ron Paul supporters
are all over the world and his campaign for liberty transcends US
borders.
Ron Paul supporters from Spain
It's interesting that the question of why I am so passionately
supportive of Ron Paul was brought up recently. At first glance,
I understand that it seems irrelevant. What would be the
relevance of a statesman in the US to someone halfway around the
world who is not even part of their electoral system? I'm sure
they're asking the same question about those people in Madrid on
the video above who went out of their way to organize and
exercise their freedom of assembly and freedom of speech to voice
out their support for Ron Paul.
I have laid out the reasons in my article Why Do I Support Ron Paul and What Relevance Does
He Have to Filipinos. I've learned though that people don't
like reading long, overly passionate, and unintentionally
dogmatic articles. I'm thinking of writing a new article and
laying out the reasons to support Ron Paul and his platform in
bullet form to make it simpler and easier to absorb.
Economics in One Lesson by Henry Hazlitt
I did decide yesterday to reacquaint myself with Henry
Hazlitt's Economics in One Lesson (pdf available for free here) being that, since there
are very few Ron Paul supporters or libertarians here in the
Philippines, I feel that I have somehow been tasked or that it is
a grave responsibility of mine to defend libertarian political
positions in casual debates and somehow change people's opinions
or at least change the direction of the conversation.
It is dangerous to engage in debate, I realized. With one wrong
word or faulty historical reference, I may actually just
misrepresent libertarianism and counterproductively worsen
people's opinion of the philosophy I have learned to love.
This is, after all, one of the books that converted Dr. Walter Block into libertarianism and
somewhat a good summary of what economic freedom is really all
about and why the status quo of economic interventionism is
flawed. And all that is stated in a very easy to absorb manner,
not too technical, and is exactly the right tool I need so that I
won't fail miserably when trying to challenge statist mentality.
I was, in fact, like most libertarians I know, radically
left-leaning in the past. I did read a lot of Marx and other
socialist material. Dr. Walter Block himself explained that this
is normal for those who are young and compassionate. It is so
easy to be swayed by the proposed solutions of the left. It is
rooted mostly on the emotional, on things that are apparent (and
it's quite fitting that the first part of Henry Hazlitt's book
explain the broken window fallacy: that which is seen and that
which is not seen).
Libertarians do not agree on everything. Unfortunately, the
things we may agree on are the most unpopular of positions. We
propose a bitter medicine that many will refuse to swallow.
Imagine how I'd have to say that Noble-prize winners like Paul
Krugman and thousands of people with PhDs on economics are wrong.
And who am I to say that, right? I have no credibility whatsoever
in this field. I'm just some blogger who happened to stumble upon
Ron Paul. And this really makes it a thousand times harder for me
to argue for the libertarian position.
And that's just the economic aspect of it all. When it comes to
the social justice discussions, I'm most definitely screwed. As I
have said before, libertarian positions can easily be deemed as
the "anti-poor" or the "selfish" position. A case I tried to
argue against in my article about Why Jefrey Sachs is Mistaken About
Libertarianism. I actually got engaged in a casual debate
recently about the bailouts , the housing bubble, and the
recession and I was pretty sure going against government
intervention and "regulation" sounds ridiculously bad. In fact,
too much government involvement caused the housing bubble and the
recession. Actually, when Ron Paul and other free marketers were
warning people of the housing bubble and the recession no one
listened:
Ron Paul predicts the housing bubble years before it
happens
Peter Schiff (economic adviser to Ron Paul's 2008 presidential
campaign) predicts recession and no one listened to him
So in a world where you are against Noble-prize winners, PhD
degree holders, general public opinion, and the status quo,
what sort of hope is there for you? When you have proof like the
videos above that are opposite of what's reported in
documentaries and by so-called experts about the recession yet
somehow people still refuse to believe it, how do you respond?
The pen is mightier than the sword, they say. My only hope
is that somehow my writings and the videos I share on this blog
will, even in a small way, make people curious about Ron Paul and
libertarianism. Hopefully, you, my dear reader, get to see that
maybe there is so much more about this political philosophy and
that it is in the interest of a prosperous, peaceful, and free
society.
Help support this blog by checking out these other helpful
links:
1.
My list of Top 10 Libertarian Books
2.
Why did FOX News Cancel Freedom Watch?
3.
Why is the internet slow in the Philippines?
Date Published: May 06, 2012 - 4:07 am
The establishment and mainstream media has dubbed him the
"unelectable" candidate. He didn't even get to win any state
during the straw polls. But you see, the process is not about the
straw polls but about the delegates that will be going to the
Republican National Convention in Tampa, Florida come August. And
guess what, it seems the unelectable candidate has been winning a
competitive amount of delegate slots.
It's either first place or a tie for Iowa or Minnesota
Iowa's straw polls have always been important because it has
usually been first of all caucuses and at the same time there has
been a trend of the winners of landing the White House for
candidates like Reagan, Clinton, W. Bush, and more recently
Barack Obama. But you see, for most states, delegates are not
bound to vote for whoever won the straw polls and this is exactly
why the establishment is threatened — Ron Paul, as reported
on the video above, will either have a tie or be first place for
the numbers of delegates coming from Iowa.
FOX News admits it's "inevitable" for Ron Paul to be part of the
ballot in Tampa
As you can see, the media pundits, these same people who have
been calling Ron Paul unelectable and ignoring his campaign have
no choice but to recognize the fact that he will be on the
ballot. I am not saying he is going to be the nominee but there's
one thing I can tell you about Ron Paul supporters, as written on
the quote above on this blog: "You can quote them;
disagree with them; glorify or vilify them. About the only thing
you can't do is ignore them." Eventually, the mainstream
media will no longer be able to ignore Ron Paul.
Ron Paul rallies not covered by the mainstream media
I have pointed out before that the supposed front runner Romney
has a habit of not being able to fill a room and talking to
empty chairs and yet still gets the attention of the mainstream
media whereas Ron Paul gets thousands in his rallies, gets the
highest donations from those in active military duty of all
candidates combined, and yet is the one least talked about.
My Predictions:
Come August, Ron Paul's delegates will go to Tampa and they
will not come alone. Ron Paul's supporters will come from all
over the US and outside screaming and chanting "Ron Paul" or
"End the Fed" or "President Paul" at the top of their
lungs.
The GOP establishment will try every thing in their power, just
as they've been doing, to find technicalities and power so they
can prevent Ron Paul's delegates and his supporters from
joining the convention and it won't be a conspiracy theory but
will be even more blatant than back in 2008.
They will hire so-called "experts" to talk on mainstream media
to misrepresent and misinterpret libertarianism and Ron Paul's
platform. The majority will believe them. The only true
reports of what's going on will be on alternative and social
media and yet most Americans, especially the older generation
who's not exposed to social media, will remain apathetic and
attached to the Democrat/Republican establishment.
Romney will emerge victorious as the nominee but come November
for the elections, because W. Bush has completely destroyed the
reputation of the Republican establishment, Obama will win as
president of the United States. Nothing will change in spite of
Obama's "change we can believe in" rhetoric. The same foreign
policy, the same economic and monetary policies, the same
degradation of civil liberties.
"Let it not be said the we did nothing"
Other Related Posts:
1.
Why do I support Ron Paul?
2.
Why is Jeffrey Sachs Mistaken About Libertarianism
and Ron Paul?
3.
Why is Ron Paul Attracting Young Voters?
Date Published: Apr 26, 2012 - 11:11 am
As an inevitable consequence of US foreign policy and monetary
policy, the world is finally losing faith in the dollar.
Brazil, Russia, India, China, and South Africa during the BRICS
Summit have decided to discuss letting go of the dollar as the
world's reserve currency. It's interesting that the two likely
opponents for the 2012 US presidential elections are not even
talking about changing foreign policy or monetary policy — the
two direct causes of the debasement of their currency.
"There is no instance of a nation benefiting from prolonged
warfare." - Sun Tzu, The Art of War
When the US has to borrow money from China just to sustain their
empire-building and endless wars, it is not surprising for China
to start losing faith in the dollar, along with the other highly
developing countries that are members of the BRICS summit. The US
has spent hundreds of billions on their endless wars, or their
empire-building, on their embassy in Iraq that's bigger than the
Vatican, something that is just economically doomed to fail. The
US is broke and a while back they even had to raise their debt
ceiling and lead to the downgrading of the dollar. Regardless of
the arguments for their policing of the world, they just can't
afford it anymore.
And then there's the Federal Reserve, responsible for devaluing
the dollar since 1913, who keeps giving their buddies billions of
dollars in bailouts. Their ability to print money at will is
basically theft from the income of hardworking individuals
because the dollar gets debased. Actually, those who
advocate the Austrian School of Economics have been predicting
this for a long time. Ron Paul has been warning his colleagues in
congress about this for 30 years and no one ever listened to him.
Also, this form of central banking also funds the foreign policy
and policing of the world.
I'm actually getting paid by Google again on the 25th (yes I do
get paid just for blogging my thoughts). I am directly affected
by this, obviously. In spite of the increase in my revenue, the
purchasing power of what I earned did not increase. And it's not
just me. Think of all the remittances from our OFWs that are
getting devalued as well. And being that the dollar is the
"world's reserve currency", they have a direct effect on the
currencies and monetary policies of the whole world.
It's only sensible for these 5 countries to lose their faith in
the dollar. It's weird though that they want to replace it with
some sort of new bank that will just be printing money again and
will have as much potential to be corrupt just as the Federal
Reserve. They are critical of the IMF or the World Bank and yet
their solution is to just create their own IMF or World Bank.
Inevitably, the world will one day realize that this kind of
monetary policy is ridiculous and immoral. We need to take out
the State's monopoly on money and allow competition and let the
market decide what truly has value.
This is a good thing, I guess. Maybe it will make the US wake up
and rethink their monetary and foreign policies.
@harryinitiative
Date Published: Apr 19, 2012 - 6:44 am
Obama doesn't know that the microphone is still on and says
something very revealing to Russian president Dmitry
Medvedev.
Obama talking to Medvedev
"After my election I have more flexibility," he says. This
means that, even when he thinks that there are better policies
that can make the world more peaceful and safer, he can't really
advocate some of them because his elections are coming up.
It does imply that he cares a lot more about winning the
elections and he will do whatever his campaign team tells him
rather than advocate principles he believes in. This is very
dangerous and sadly this is how politicians always act. They'd
rather bend principles for as long as it allows them to stay in
power.
Medvedev then replies with "...I transmit this information to
Vladimir [Putin], and I stand with you." which sounds so much
like a line you'll hear from a spy movie haha (I really can't get
over this because I love spy films).
Romney's Reaction to Obama's Open Mic Incident
And now here comes Romney, the GOP establishment favorite
"front-runner" who says "[Russia is] without question our
number one geopolitical foe" which I really just don't
understand. In a modern world that has seen too much unjust wars
and genocide, in a world now aware of diplomacy and trade, why
would you say something like that with someone you are currently
peacefully trading with. What makes them the number one foe?
Who's number two? I'd love to see the list of his hierarchy
of foes. Is Iran number two? Maybe Venezuela who recently had
alliance treaties with Iran? I just don't understand what he
means.
And criticizing Obama for decreasing missile silos in random
unnecessary countries they have no sovereignty over is quite
contradictory for someone who hates other countries for having
missile silos and nuclear weapons. Aside from reducing hostility,
I believe reducing missile sites are also very helpful to there
economy because they are in so much debt and they just can't
afford managing this empire and the policing of the world
anymore.
What's interesting though is that both Obama's
(source: http://bit.ly/brOUKc) and Romney's (source:
http://bit.ly/nt1pQF) top contributor is Goldman
Sachs (one of the biggest beneficiaries of the billion
dollar bailouts). And all the other banks and corporations that
were bailed out? Name them and they'll surely be funding both the
Democrat and Republican nominee for the 2012 presidential
elections. And this isn't some conspiracy theory. They're
actually quite transparent about where they get their
contributions. So I guess sometimes transparency isn't enough to
show people how blatant these lobbyists are able to affect
domestic and foreign policy.
You didn't wonder why Obama kept most of Bush's economic policies
and even the heads of Treasury department and the infamous
chairman of the Federal Reserve? Again, it's not a conspiracy,
all of these individuals can be easily linked to Goldman Sachs
and other big lobbyist corporations.
And that one guy I've been talking about who's been battling this
kind of politics for 30 years, regardless if they laugh at him in
national television, regardless of the marginalization and
ignorance of the media and the establishment, regardless of his
untainted voting record in congress even when at times he would
vote alone or only with a few against the whole congress, Ron
Paul, the only one who's really different among all candidates:
it's as if the Americans don't want him. I've written several
times on this 30 years of consistent principled integrity and if
you are too lazy to read them then I just wish that you'd at
least check out the videos I have posted about him.
Policies are not decided by voters. In fact, voting is an
illusion for both candidates will be funded by the lobbyists
anyway. And how about Ron Paul? Where does he get his campaign
funds? He gets it first and foremost from grassroots donations
and surprisingly, since he supposedly has the "unpopular" foreign
policy, he gets the biggest donations from active duty
military personnel more than all three other candidates
combined.
Other related posts:
1.
Why is Ron Paul Attracting Young Voters
2.
Why Do I Support Ron Paul?
3.
Why is Jeffrey Sachs Mistaken About Ron Paul?
Date Published: Apr 03, 2012 - 3:14 pm
In this TED talk, Margaret Stewart, YouTube's head of User
Experience, talks about how they deal with copyright issues by
partnering with those who have a claim on intellectual property
and, through a complex algorithm of locating possible matches,
these partners are given the discretion if they'll allow the
video to be posted or not.
Yesterday, I was reminded of one of my most favorite videos ever
on YouTube which is the remix of Jack Sparrow's infamous "Why is
the rum gone?" line in Pirates of the Caribbean. It's what we
nowdays refer to as a "mash-up" where different content are used
to create something new. It does take a lot of skill and effort
to create a mash-up like this. It is very inventive and
innovative and not just anyone can do something like this.
Although he used content from big businesses like Walt Disney and
others, I assert that the video is something he can call his own.
A friend of mine, strong supporter of IPR, explains how in the
world of medicine, you can claim patent on a molecule (taking
into consideration resources and effort in research &
development) but on competitors may only be able to use that
molecule if it has been changed or if there has been an
"inventive step" (something I believe to be so arbitrary). If
this "inventive step" concept is accepted then we can assert
that, in the video above, even when Walt Disney's discretion
continues to allow the video to be posted, they actually have no
claim to it because it has been modified so drastically that it
is actual considerably an original piece of work.
This "inventive step" does remind me a lot of The
Ship of Theseus that shows how change in essence (or in
this case originality) is really so arbitrary. An example from
Wikipedia:
"John Locke proposed a scenario regarding a favorite sock
that develops a hole. He pondered whether the sock would still
be the same after a patch was applied to the hole, and if it
would be the same sock, would it still be the same sock after a
second patch was applied until all of the material of the
original sock has been replaced with patches."
I've actually recently been notified of copyright infringement in
one of my videos, as they detected I used the song New Soul by
Yael Naim but have been allowed to keep it posted.
I did not intend to steal, obviously. The song actually went
viral after tons of parodies of the Macbook Air fitting into a
Manila envelope ad showed up. If anything, being liberal about
copyright has allowed Yael Naim to be even more popular as more
and more listen to her song and get to know her because users are
using her song in their videos. Here's the video:
The era of Web 2.0 really changed the concept of copyright. Both
entrepreneurs and policymakers have to liberalize their position
on IPR. And I believe it will be inevitable as the internet
develops and becomes more organic and free. We saw how the world
reacted when the US congress wanted to pass SOPA (a bill intended
to protect IPR).
If you liked this post then you might also like:
1.
Steve Jobs' 2007 Keynote on First iPhone
2.
Intellectual Property Rights in the
Philippines
3.
Why is the Internet Slow in the Philippines
Date Published: Mar 30, 2012 - 1:32 am
I shall save my blog post about my meeting with the Republicans
Abroad Philippines for another time. I'm sure it does stir
intrigue and suspense among my readers; this desire to know more
about what transpired within the walls of the Manila lodge of The
Benevolent and Protective Order of the Elks. Watch out for that
soon.
Propaganda Poster During the Regime of Mao Zedong
So a fellow libertarian shares this link to the
Shanghai
Austrian Economics Summit and I am quite interested in
going. The problem, of course, is the whopping minimum price of
$758. This is the bare minimum. You get to share a room with a
random guy (or someone I know if someone else is interested in
coming), get free lodging for three days, with all meals paid
for. This doesn't include the package that comes with a tour of
China. The Great Wall and stuff like that, if I'm not mistaken.
Oh, and this doesn't include airfare. If I don't get to pay
before the 1st of May, I'll miss out on the early bird discount
and it'll even be more expensive.
Come to think of it though, some people would pay around the same
price or even more for
the new iPad where they'll just play
Angry Birds or Fruit Ninja or whatever it is that's trending
right now. Comparing it to that, the price for the summit slowly
becomes more sensible. And don't even get me started on the price
of schooling (there's really so much to streamline in the
contemporary schooling curriculum and its methodologies; I've
written on this a couple of times mostly in my other blogs).
And I love seminars and conferences. I actually love specifying
them in my resume, for instance. I believe that, for many of the
seminars/conferences I've attended, most of the time I actually
learn more in just a day or two (or more relevant to me, at
least) as compared to more time spent in school.
Take
Graphika Manila 2010, for example. I didn't
specifically learn any new skill or how to produce art/films.
What I got was wisdom from those who actually have experience in
the field. What I got was inspiration.
For example, during the 2011 one, there was this guy who was part
of the creation of Avatar (I forgot his exact role). I
didn't really learn specifically how to make intense graphics and
animations. But I learned that he actually never finished
college. He was actually just a pizza delivery guy at one time.
And it's just so inspiring to hear the stories and advice from
these experienced artists.
So the keyword here is
inspiration. Basically, if I
choose to go, that's what I'm paying for. Aside from the
networking with the most influential groups in the libertarian
world, aside from the new lessons about the Austrian School of
Economics and classical liberalism,
these speakers: they will be there to inspire me.
Inspire me to excel in my writing. Inspire me to learn more about
history and economics. Inspire me to think of solutions to our
world's problems. Inspire me to think that my writing is
actually, no matter how small an effect, helping in changing the
minds of people toward a more libertarian perspective. The pen
is mightier than the sword, they say. It'll add to my
credibility — probably the most important aspect of all.
I do hope, if I do get a chance to complete the funds needed in
going there, that the visa application process isn't tedious. It
probably isn't. I see people go to The Great Wall all the
time.
It is quite funny, the idea of having a libertarian summit in
China of all places. It does sound a bit scary.
I don't really have the complete funds needed for this trip but I
am thinking positive about it. May is quite far from now, even if
I don't make it to the early bird discount, I should start with
small steps. I gotta go knock at the doors of our bureaucrats
over at DFA so they can help me out with my expired passport then
get the China visa. No matter what, at least I would have been
able to renew my passport and get a visa to China. If I don't
make it to the conference, I'm sure China would be a fun place to
video random things (I do enjoy that, if you're not familiar).
Date Published: Mar 25, 2012 - 8:39 pm
In this BBC documentary Amazon, Bruce Parry is able to expose the
rustic and dangerous beginnings of cocaine production.
Bruce Parry Sees How Cocaine is Made
We see how prohibition has created a black market controlled by
syndicates; of people in the "organized crime" industry. We see
corruption when these syndicates are conniving with
politicians and bureaucrats. We see how the environment
is endangered when that which is prohibited is left to the
management of goons.
We see the poor exploited; merely wanting to make a living for
their own family; endangering their lives and their homes. But
then who is really benefiting or profiting from
this prohibition?
The billions of taxpayers money spent on prohibition: has it been
effective in lowering the production or the use of cocaine? If
not, then how can it be a sensible policy?
Is it really making us safer when it funds syndicates and
terrorists and the campaigns of corrupt politicians?
I am not endorsing the use of this drug, of course. All I ask is
that we answer these questions I have raised because
they are undeniably legitimate concerns.
That documentary above: that is a reality. Many take the
prohibition position as a moral position and I understand that.
Of course we don't want individuals to be getting addicted to
such harmful substances. But use and addiction continues to grow.
Cocaine production remains to be a multi-billion dollar industry.
The policy of prohibition is wasteful and only leads to
unintended dangers and consequences.
Other Related Posts:
1.
Defending the Undefendable by Walter Block
2.
Reflecting About Cuba
3.
Libertarianism in Harry Potter
Date Published: Mar 22, 2012 - 1:23 am
From what the media has been telling me, from literature to
films, drinking really is a part of the culture in the UK. It's
not uncommon for you to see people in pubs during lunchtime
having a few drinks before continuing their day. And what's funny
is that some of these people are their members of parliament:
Some of them were even "too drunk to stand up" during the passing
of their budget plan and other legislation. It is a very serious
issue but I do find it very funny and entertaining. I mean, I'm
not encouraging this, obviously, I just find it really funny. I
bet that guy who was too drunk to stand up really hated it the
next day. I've been there far too many times and I know how he
feels that's why I find it really funny haha.
They have 9 pubs to choose from around the area of parliament.
Parliament sounds really fun then and as mentioned in the video,
the drinking habits of the members of parliament are subsidized
by government. Wow, free power to coerce plus free drinks. Being
a politician really does have a lot of perks.
Aside from this being really dangerous especially during voting
on sensitive legislation, I do love their culture. Last week, I
watched the Azkals Philippine football team go against the
Malaysians and discussed with my friends how in Europe they'd be
serving beers in the stadiums. Of course 'safety' is their
concern and they're just trying to avoid drunk-related violence.
This is usually the noble intention of any sort of policy.
I've been writing a lot of heavy stuff, I realized, so I thought
of posting something I found funny.
Other Related Posts:
1.
David Cameron Talks About Post-Bureaucratic
Age
2.
Paul Romer Talks About Charter Cities
3.
Top Gear Middle East Episode
Date Published: Mar 10, 2012 - 3:09 am
After watching
The Iron Lady, I noticed
Margaret
Thatcher's keen observance of change in prices of common
household commodities. She proudly points out the price of
butter to his critical colleagues and also got annoyed when she
saw the price of milk when she was older and already out of her
political power. Many criticized her obsession with
prices.
It's because she's a grocer's daughter, they
joked around.
The Iron Lady Trailer
And precisely that experience of having worked for her family's
small business that gave her the insight of appreciating
capitalism. His father was actually a statesman as well who
seemed to be a staunch fiscal conservative. Her
strict observance of prices came from the fact that she was a
monetarist, a position advocated by libertarians
like Milton Friedman who believed that the government
may have the power to control inflation. Her passion for cutting
spending and privatization roots from her influence
from the works of F.A. Hayek and other classical liberals.
I even remember in the PBS documentary Commanding
Heights they showed that Thatcher and Hayek exchanged
letters.
Aside from being really hardcore like being able to dine with
high officials of the Soviet Union (who then dubbed her
the name "The Iron Lady") or tearing down the Berlin wall, what
really stood out the most for me was her obsession with prices. I
do not agree with many of her policies including monetarism or
her fetish for war and militarism but I loved the fact that she
had her finger on the pulse of the market—an important quality a
poltician should have, I believe.
I remember in one of the debates during the 2010 Philippine
presidential elections, candidate Jamby Madrigal was
asked the price of galunggong (common fish in the
Philippines) to which she humorously replied she wouldn't know
because she is a vegetarian. Now I realize that it was such an
important question. Inflation is one of the most important issues
in politics and knowing prices of the typical daily commodities
that the people buy is most definitely significant.
I remember when I lived in
my house in Laguna for back when I was still
in college, I really learned a lot about managing my budget for
my daily needs. Many times I would buy my own food from the
sari-sari store (a very common small time
convenient store managed by families in their very own homes).
Almost every place here has sari-sari store and this is mostly
where many consumers would buy different things they need. If
you've ever been to small barios, sari-sari stores are the more
common venue for trade.
Changes in prices really affected me most especially since I had
a very limited budget (granting that my mother already pays for
my tuition, lodging; all in spite of my disdain for contemporary
schooling—quality education takes time!). And when you're
in college, you need a lot of budget allocated for booze and
leisure, right? So when the price of daily needs like water or
rice increase, for example, I might either have to cut on leisure
expenditure or eat cheaper alternatives.
Tindahan ni Aling Nena by Eraserheads
But then that's just me. I was a lucky middle class kid
in college who's blessed with a hardworking mom. All I worried
about was having to drink less booze. But how about those aren't
as fortunate as me? You can only imagine how inflation affects
them. Ang presyo ng bigas (the price of rice). Cooking
oil, milk for the baby, tuition for the kids, water and electric
bills. These are all very important to them and has a drastic
effect on their lives. I feel that it is irresponsible for
statesmen to ignore it or not be aware of it.
It makes you reflect more on the red tapes on small businesses,
huh? Should sari-sari stores need to have the redundant permits
like barangay permit, mayor's permit, DTI business
permit, BIR license, and the many different taxes? It sounds
ridiculous, doesn't it? It's funny though that technically most
sari-sari stores are black market. Those people who are just
trying to earn an honest living through voluntary exchange should
ideally have to go through most of the red tapes. This is
discouraging for small businesses and entrepreneurship in
general. Most of all, it increases costs therefore increases
prices. This goes out across the board for all business and the
economy.
Inflation is actually a direct result of increasing the money
supply. Money isn't actually backed by any commodity like gold as
everyone seems to believe up to now. We leave it up to the
discretion of bureaucrats in the central bank to decide the
value of fiat currency or paper money. And inevitably, the
value of paper money goes down when the supply increases
therefore lowering the purchasing power of the money thus
contributing to inflation.
Ron Paul asks FED chairman Bernanke if he does his own groceries
Recently congressman Ron Paul, in spite of his busy
campaign, went back to DC to once again be very critical of the
Federal Reserve (video above). It's funny how he asks in
the first part if Bernanke does his own grocery shopping.
It's so related to everything I'm talking about right now. Aside
from that, he talks about how investing
in precious metals like silver can preserve the value
of money.
You see not all libertarians believe in the monetarist position
like Margaret Thatcher. Some believe that money shouldn't be
valued at the discretion of bureaucrats and instead be backed
by a commodity, like gold for example, something that the
market has dictated for centuries.
At first glance, I know it might sound preposterous for
many, the idea of going back to the gold standard. The concept
though is that it doesn't have to be gold. It's just that the
market dictates it and not the supposed expertise of bureaucrats.
And no, Ron Paul doesn't want to instantly abolish fiat currency
and central banking, he just wants, aside from wanting to audit
the Federal Reserve, to be able have competing currencies.
Competition will decide what is really a more effective means of
preserving the value of one's earnings. This is an idea Hayek
advocated, if I remember correctly, and so I do find it weird
that Thatcher favored a different policy.
I guess one good indicator of who makes more sense is how back
when Ron Paul and many others in the Austrian School of
Economics like Peter Schiff were predicting the
housing bubble and the recession, people like Bernanke, the
keynesians, the monetarists: none of them listened. They totally
marginalized those who were predicting the recession, some even
finding their claims laughable. A simple search in YouTube of
"Peter Schiff was right" or "Bernanke was wrong" are evidences of
who had the right economic policies. Surely I should save the
topic of Ron Paul's predictions for some another post.
One thing I love about libertarians in general, in spite of the
differences in views as I have shown, is that they really have a
grasp on simple commonsense economics as compared to the fancy
macroeconomics of Keynesianism. The assumption of being
smart enough to manage the economy, to always be acting in the
public interest, to decide on arbitrary values, all of it is
the pretense of knowledge.
Monetary policy is a key issue that decides the fate of our
prosperity. Let us keep in mind that the power to devalue
the money of people is theft. No small group of people,
no matter their expertise, should ever have such a grand
power.
If you liked this post then you might also like:
1.
St. James Bazaar and the Free Market
2.
Stay the Hell Away From My Internet
3.
Film and TV Industry in the Philippines
Date Published: Mar 08, 2012 - 9:18 am
Hey, look what I found! It's one of the most influential books in
my life that really contributed a lot to the political philosophy
I have learned to love. It's an audiobook of Anthem by Ayn Rand.
My ultimate favorite first line of it is a sin to write this.
Part 1 of Anthem by Ayn Rand Audiobook
I'm personally more of an audiobook guy. I love listening to
debates, audiobooks, speeches, and lectures on YouTube especially
before my sleep. It's sort of like my bedtime story. For those
who are more into reading, you can get the full text
in different formats here.
It's not even as big on libertarianism at all. It's more of the
struggle of an individual in a dystopian collectivist society
that is based on extreme egalitarianism and primitivism. It's a
really short and engaging story that I recommend to all my
readers.
I'm really so tired right now. I know I'm so held back on so many
things I have to write about like Ron Paul's
campaign, super tuesday, Iran/Israel conflict, The Iron
Lady, irrationality of prohibition, and so much more. Right now
though I'm about to pass out and I think it's brilliant that I
can just embed videos and share it to the world. It makes the
life of a libertarian blogger much easier.
That book above changed my life completely and I hope you guys
like it as well. I'm going to listen to this now and sleep.
Goodnight. :)
Date Published: Mar 06, 2012 - 1:19 pm
Filipinos love parodies and spoofs. I am personally very
entertained by the wittiness of many of them. In spite of the
notion that it's not original or that it's gaya-gaya
(copycat), I feel that it still takes a lot of wit and skill to
come up with really funny spoofs and parodies.
Kapag naasar si Mang Inasal baka ipasara ang Mang Inasar
I'm pretty sure that you don't even need a good lawyer to argue
in court that this is a direct violation of trademark and
copyright. Surely though, big companies won't waste time engaging
a civil case against small businesses. It would be shallow and
would most definitely be bad publicity. Why would they want to
wage war on smalltime entrepreneurs just trying to make a living
through voluntary exchange?
The problem here is that it is left to the discretion of the big
companies if they will pursue such a quest in protecting their
trademark. An establishment in Batangas called Mang Donald's was actually forced to stop
operation after a legal suit from McDonald's. McDonald's
didn't think that was a petty issue at all. You think smalltime
businesses Mang Inasar or Mang Donald's will have the resources
to go against the expensive lawyers of big businesses?
T-shirts with spoofed trademarks is quite lucrative in the
Philippines
Us libertarians are actually divided on the issue of IPR or
Intellectual Property Rights. Some minarchists and objectivists
would actually argue for strong enforcement of IPR because they
deem that this protects and encourages innovation while others
like those from the Mises Institute believe that only physical
property should be protected because IPR only gives the
government the power to grant monopoly to big businesses.
I wonder what they sell in Yellow Pedicab
Also, all these trademark issues could be considered to be just
the tip of the iceberg. Let's take for instance more serious
commodities like medicine, like let's say
a pharmaceutical company invented a new drug against
cancer. Defenders of IPR will say that the innovators must be
protected for they used up a lot of resources and skills just to
be able to come up with the new drug. Those against it will be
saying that this is merely granting one company monopoly and that
it discourages competition. Imagine if only one company had the
right to sell paracetamol up to now (another thing very arbitrary
about IPR is that bureaucrats decide how many years an inventor
can have monopoly over his/her invention).
Mark Zuckerberg's Fishball Stand
Being an aspiring artist myself, I understand the merits of
owning the things I produce. Let's say I made a song or a film or
took awesome photographs, I wouldn't want random people
using/selling these things ("pirating") for their own profit
without crediting or justly compensating me. This is the point of
defenders of IPR who merely want to extend this kind of right for
all, even for our hypothetical pharmaceutical company
that invented a cancer drug.
But then the gray area comes in when it comes to something like
remixing or covers of songs, for example. Let's say someone
decides to remix/cover a song I made and it becomes very popular
and people start buying that song. That is the market indicating
that he was able to innovate and make my song better. This can be
applied to our fictional cancer drug. What if
a competing company believes that it can make the
cancer drug even more effective and safer or with less
side-effects. The company who invented the drug, because of IPR,
will have the prerogative not to allow them to mess around their
drug thus hindering further innovation and competition.
A fellow libertarian and strong advocate of IPR argued to me
though that if there is an "inventive step" then it will no
longer be covered by IPR and will be allowed to compete. The big
problem though is, as a libertarian being wary of bureaucracy, it
will be bureaucrats who will be judging whether the "inventive
step" is justified or not. In the long run, only big businesses
who have the resources to hire really good lawyers will win and
be granted monopoly by government thus killing competitors,
especially small businesses.
It's really such a complex ethical dilemma with both
sides providing rational arguments. All in all, I still find the
spoofs and parodies very entertaining and, in a sense,
innovative. How about you? What do you think about this whole IPR
issue?
Other Related Posts:
1.
Property Rights and Economic Freedom
2.
Democracy Forum in DLSU
3.
Freedom of Information Bill in the Philippines
Date Published: Mar 03, 2012 - 12:58 am