Consensus leads to the madness of crowds, not the wisdom of crowds. As we move to a society ruled by consensus, madness and evil prevails.
Tag: collapse
The cause of the decline
Lately there as been a lot of concern about the increasingly visible decline of the west, notably Peter Thiel on “The End of the Futureâ€:
Ambac argues fraud committed for profit caused the crisis
I of course, argue that government pressure to make mortgage loans caused the crisis. After all, the specific examples bad loans that Ambac lists in its lawsuit against Bear Stearns, are all loans that were made to poor people, though Ambac provides no information that would identify the race of these poor people. Ambac, however, argues that Bear Stearn made bad loans, lied that the loans were fine, and sold …
Who called the financial crisis before it happened?
Among others, Ron Paul, in his speech to the house, proposing amendments to the laws that caused the crisis … the government’s policy of diverting capital into housing creates a short-term boom in housing. Like all artificially created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also …
Gabrielle Giffords needed killing
And so do most of congress, most of the regulators, and most of the businessmen in the revolving door between business and regulation. All the conservative criticism of her seems to be disappearing off the web, but what the hell, she stank, critics pointed out she stank, so someone killed her. Â It might have been a leftist who did not think she was left enough, but chances are, was …
Anti semitism
As Moldbug tells us: Anti semitism is the faulty, paranoid, and obsessive belief that Jewish elites are significantly different from gentile elites. Jews, as Jews, simply were not an are not influential in the development of the theocracy that ruled us. Jews really do not matter so much, so any belief system that causes one to focus on Jews sends one crazy, detaches one from reality. If we look at …
The end of the road to serfdom
Hayek, in “The Road to Serfdom†predicted the welfare regulatory state must inevitably become the totalitarian terror state. Observe: We have arrived. America is now a totalitarian terror state. In 1992 I visited Cuba. Thereafter, I argued it was a totalitarian state, because when I asked certain questions some people fled, fearing that merely hearing the question would result in them being punished for the thoughts it might elicit, and …
The future is Muslim, Mormon, and Catholic
Anglican Christmas church service, ten attend, eight with one foot in the grave. Sermon is about the other foot dropping. Catholic Christmas church service, approximately one hundred attend, most of them young. Sermon is about Christmas being a time for children. Some months ago I checked the graveyards. To judge by the absence of angels, graveyards one hundred percent protestant.
Decline of the west
The last man on the moon left in 1972 The tallest building in the united states was finished in 1974. Cars are becoming humbler. US electricity production was growing exponentially until 1972. After 1972 it grew more slowly. Per capita electricity consumption seems likely to have peaked around 2007 or so. Supposedly GDP is still growing rapidly, just as supposedly inflation is zero, but it seems improbable that GDP is …
Britain goes totalitarian
Sean Gabb, speaking very carefully to avoid saying things he could be arrested for, tell us: Without thinking very hard, I can remember how Nick Griffin of the British National Party stood trial for having called Islam “a wicked vicious faithâ€. I can remember how a drunken student was arrested and fined for telling a policeman that his horse looked “gayâ€. I can remember how a man was arrested and …