I thought I’d post a Nolan Chart today to demonstrate what being a libertarian means. This particular version is from The Proceedings of the Friesian School by Kelley L. Ross, one of my favorite sites on philosophy. Other versions exist, for example, the one used on Wikipedia to illustrate its article on the subject. You’d do well to read Ross’ article on the subject, but to summarize, the Nolan Chart appears to have been inspired by Ayn Rand’s observation that the political right and the political left both allow individual freedom in the areas that they think aren’t important but invoke government intervention in areas that they think are important.
To the political right in the U.S. who are often strongly religious, the area that is important is personal morality. After all, to the religious, material wealth isn’t something that you can take with you to the afterlife and anyway, God helps those who help themselves, so it makes perfect sense that those who work hard are materially rewarded. Sin however is seen as a permanent stain on the soul and perhaps even a corrupting influence that can spread unless it is stamped out, and is therefore much too important to be left to the individual.
Continue reading Explaining Libertarianism using the Nolan Chart
I found this Visual Guide to the Financial Crisis on mint.edu which I think is absolutely essential reading for anyone who is still bewildered over what’s happening. If you don’t have the time or can’t muster the attention to read lengthy analysis pieces and papers on the events leading up to where we are now, this makes for a decent, easy to understand, summary.
With the news of Citigroup getting guarantees worth US$300 billion in addition to a direct bailout from the TARP funds, there goes hopes that the financial crisis is coming to an end. Remember that not so long ago, before its share price got heavily hit by the mess, CItigroup was the biggest bank in the world by stock market capitalization. As Crooked Timber noted, not only is Citigroup the very definition of “too big to fail”, it’s so big that not even the mighty U.S. government could save it if it goes down.
Here’s a couple of links to some of the best articles on the crisis that I’ve read. A short history of modern finance from The Economist explains the two demonized financial instruments at the heart of the crisis, Collaterize Debt Obligations and Credit Default Swaps from a historical perspective. The article not only explains how they work, but also when and why they were invented and what purposes they serve in finance.
The End of Wall Street’s Boom published by Portfolio and written by Michael Lewis who gained famed for his 1989 tell-all book Liars’ Poker about the bond market. This article covers the boom and bust of the subprime mortgage market from the perspective of various industry insiders.
Continue reading Financial crisis revving up, not down
Should they? The Wall Street Journal has a report on the attempts of various atheist organizations in the U.S. to make atheism more acceptable to the general public. Atheists are in many ways the least represented and most reviled minority in the U.S. with opinion polls consistently rating atheists as the least trustworthy group, below homosexuals and Muslims. The Economist noted in an article last year that only one U.S. congressman out of 535 would publicly admit to be an atheist, making him the highest-ranking politician to do so.
At the same time, atheists represent a fairly significant proportion of the population, though the exact figures depend on whom you count as an atheist. According to Adherents.com, if you count the people who put themselves in the secular, non-religious, agnostic or atheist categories as a single group, they would form the world’s third largest religious group. This is admittedly not entirely fair. The site takes pains to note that plenty of people in this category are theistic or spiritual but do not profess affiliation with any religious denomination. For many others, it would be more accurate to say that they are indifferent to religion rather than being non-believers and would not be interested in organized atheism anyway.
Continue reading Should atheists organize?
The Economist, one of the most influential and respected news outlets in the world, is well known for its concise and informative writing style. Regular readers however will note that there’s often an element of dry wit as well, and at times even a touch of whimsy.
One recent article presents an excellent example of this sense of humour at work. Inspired by the new president of the Maldives Mohamed Nasheed’s public musing that his country should set aside a portion of its revenues from tourism to buy a new homeland to replace its islands that are expected to be engulfed by rising sea levels, The Economist has extended the idea as a solution for all kinds of problems. Note the following line:
China could stop making aggressive gestures towards Taiwan and buy Malaysia instead. It’s already run by Chinese, so they’d hardly notice the difference.
I would imagine that the Malays would be none too amused to read that but you really have to credit those crazy editors at The Economist for their imagination and creativity in coming up with this wild scheme.
Since I’ve bought the Medieval 2 Gold Edition which includes the Kingdoms expansion, I thought it’d be a waste if I didn’t play any of it at all. The expansion consists of four additional campaigns, each of which is actually a separate installation and executable. The campaigns are the Americas, covering the arrival of the Europeans at the Americas in the 16th century; the Britannia campaign, set in the 13th century during which various factions fought for control of the British Isles; the Crusades campaign covering the Third Crusade in the 12th century and the Teutonic campaign covering the struggle between Christian and pagan forces for control of what is now Germany.
I chose to play the Americas campaign first because it’s easily the one that’s most different from regular Medieval 2. Basically you can choose to either play as New Spain, representing the newly arrived Spanish forces, or one of the established nations in the Americas, mostly meaning Mayans or the Aztecs in the south or the Appacheans in the north. It’s pretty obvious that playing as New Spain is where most of the fun lies, what with the special mechanics and scripted events in place for that faction, so that’s what I chose.
Continue reading Massacring natives for fun and profit in the New World