Category Archives: Labor

Mourn The Death Of Mining In South Africa (The Canary In The Proverbial Mine)

America, BAB's A List, Elections, Federal Reserve Bank, Founding Fathers, Inflation, Labor, Private Property, Socialism, South-Africa

A close acquaintance writes from South Africa: “With the unrest in mining, cash flow has gone for a ball of sh-t. No one can hire. Practically all mining has come to a halt. Bloody f-ucking Malema [ANC Youth League president]! Into The Cannibal’s Pot [my 2011 book] says it all. Thank you.”

[SNIP]

I don’t expect Americans to comprehend the loss of South Africa. Americans are, as Pat Buchanan once put it so well, a silly people living through serious times. Other than adjectival overkill (“a deeply silly people in deadly serious times), I’d add to Buchanan’s aphorism that, like Esau did, Americans have squandered their birthright—“the Old Republic of property rights, freedom of association, and radical political decentralization”—and replaced it with a mess of pottage.

Americans, moreover, lack an understanding of the philosophical inheritance they’ve frittered away. How then can such a silly people comprehend the loss of South Africa?

Mining has been “the main driving force behind the history and development of Africa’s most advanced and richest economy.”

Mining is dying in South Africa.

The mining sector is the canary in the proverbial mine.

Barry Downs is an American who knows better. Formerly based in South Africa, this mining sector investor knows a thing or two about what matters and what creates value. He emails with these invaluable insights:

“The mining industry unrest in South Africa is deepening, with militant senior trade unionist even talking about expropriation of assets and nationalization.

Shares of SA gold and Platinum mining companies remain under pressure as many miners remain on strike and non striking miners are being intimidated. The ANC government, meanwhile, appears powerless to turn the deteriorating situation around.

Just think: South Africa, over a 100 year span, produced 41,000 metric tons ( 1.3 billion ounces) of the only real money in the world, i.e., gold, and they still have identified 6,000 metric tons of mineable gold and with some high powered exploration will only increase reserves.

The ANC government and Reserve Bank regime fails to understand that the continuing global economic crisis will ultimately be focused on the global fiat paper money system, which is breaking down, and in the end there will be a massive run from paper and into gold.

There has been talk in this country about the US being eventually forced to stabilize the American economy by backing the dollar again with gold, and they will use the 1933 Bretton Woods formula that came up with $35 an ounce. To come up with the new gold price, they will take the US monetary base, which is $2.7 trillion, and divide it by the US Treasury gold holdings, which is 262 million ounces. The number becomes $10,300 and ounce.

The ANC government, if it had any smarts, should be going everything possible to protect it’s gold mining industry, knowing that future revenues from the industry will likely expand many times over as the gold price rises.

Nationalization will mean that the 6,000 metric tons of gold reserves may never be mined and the industry will just end up closing down. The 1,000 metric tons of gold South Africa produced, annually, 40 years ago, has declined to only 200 tons annually. It may end up at zero. Is it possible that the ANC government will just watch the goose that lays the golden egg killed off?

Given the mentality illustrated throughout your book, Into the Cannibal’s Pot,, I think the answer is yes.”

UPDATE III: On Living In Sin: The Sin of Abstraction (BHO: An Alien Species Hostile To Life On Earth)

Barack Obama, Constitution, Labor, libertarianism, Liberty, Natural Law, Paleolibertarianism, Political Philosophy, Politics, Ron Paul, The State

Anyone who’s read my columns over the years recognizes that The Articles of Confederation are my kind of founding documents; the US Constitution, not so much. To the extent the Constitution comports with the natural law it is good; to the extent it doesn’t, it is bad, in my book. Simple. That has always been my position.

Personally, I have a healthy contempt for most politicians too, even the libertarian ones—all the more so in view of the kind of empire builders they all ultimately prove to be: They see nothing wrong in using their fame and the public dime to flog their “products” and wares.

Some politicians are less sickening than others, but all fit snugly on The Sick-Making Scale.

And the people—at least those of us who’ve never fed from the “public” trough, unlike every single politician and his aide—are always morally superior to the politicians.

The reason I have a problem arguing from anarchism is because one is unable to logically wrestle with reality from this perspective. This is not to say that I would not prefer a government-free universe than the one we currently inhabit; I would. Again, anyone who’s read my columns over the years recognizes that.

However, the paleolibertarian has to use a philosophical device that helps to anchor his reasoning in reality and in “the nit and the grit of the history and culture from which it emerged.”

Unless remarkably sophisticated and brilliant (as Hans-Hermann Hoppe indubitably is), the anarchist invariably falls into sloth. Forever suspended between what is and what ought to be, he settles on a non-committal, idle incoherence, spitting venom like a cobra at those who do the work he won’t or cannot do. This specimen has nothing to say about policy and politics for fear of compromising precious libertarian purity.

Suspended as he is in the arid arena of pure thought, this libertarian will settle for nothing other than the immediate and absolute application and acceptance of the non-aggression axiomatic ideal. And since utopia will never be upon us, he opts to live in perpetual sin: THE SIN OF ABSTRACTION.

This mindset is not only lazy but—dare I say?—un-Rothbaridan.

Murray Rothbard did not sit on the fence reveling in his immaculate ideological purity; he dove right into “the nit and the grit of the issues,” and got dirty.

You’re not going to like what I’ve got to say, but Jack Kerwick’s “Romney or Obama: A Choice Between Two Evils?” is arguably written in this vigorous, Rothbardian tradition.

Sadly, it has been quite some time—arguably a century-and-a-half—since America has had anything even remotely approximating a federal government of the scope and size delineated by our Constitution. So, Paul supporters know—or at least should know—that if such a lost governmental structure is ever to be restored, it is not going to happen over the next four to eight years—regardless of whether our President over this time is named Obama, Romney, or Paul.
We must judge matters from where we are at. In other words, ignorance of our reality—ignorance of the immensity of our national government, say, and ignorance of the sheer powerlessness of any one person or even group of persons to scale it back to so much as a shadow of its counterpart from the eighteenth century—is inexcusable. To make a decision regarding something as momentous as the future of our country on the basis of this sort of ignorance—even if it accords with one’s conscience—is to condemn oneself. …

MORE.

While I disagree with Jack’s conclusion in this column; I wholeheartedly agree with and admire his method.

UPDATED I: I don’t vote. And, although eligible, I have chosen not to become a citizen of Police State USA. There you have it. I guess that’s “radical.” Moreover, as Loren E. Lomasky observed, “As electorates increase in size, the probability that one’s vote will swing the election approaches zero” … “[I]n large-number electorates, there is a vanishingly small probability that an individual’s vote (or voice) will swing an election … [F]or citizens of large-scale democracies, voting is inconsequential.” So obviously, I’m not with Jack on the lesser evil thing.

Also, given that Romney will take us to war at the drop of a hat, I do not know that he’ll reduce the size of the state. As I put it the other day, “Make no mistake; should he succeed in vanquishing Obama, come Nov. 6, Romney’s brand of ‘repeal-and-replace statism’—not to mention maniacal militarism and Sinophobia—will be no victory for liberty.”

I am with Jack, however, in that he is in there “mixing it up,” arguing the issues (rather than adopt the attitude described here).

In fact, some left-libertarians argue for Obama. At least they are not intellectually lazy and are arguing the issues, which is what Rothbard did. That’s my point.

UPDATE II: THOSE who refuse to “mix it up”; to get down and dirty and debate the issues, will also typically be unprepared to admit to nuance in the personalities involved. What do I mean? Recognizing that Romney may be wrong on almost all issues of policy should not prevent one from acknowledging that he’s a lovely man. As a person, he has way more merit than Obama.

Ann Romney, herself a delightful lady, is a lucky woman. Romney is a great provider, fabulously devoted to family and church, consistently generous and charitable to all those around him, and brilliant in all endeavors, academic and other. Unlike those of Obama, Romney’s university transcripts will stand scrutiny.

As I see him, Barack Obama belongs to an alien species hostile to life on earth.

UPDATE III: Mining Men are some of the most heroic workers, tied in the literary mind to great works such as Richard Llewellyn’s 1939 classic “How Green Was My Valley” (your children should have read it). It depicts the reality of mining men in an achingly beautiful way. The book haunted me for years after I had read it, as a kid. “Margaret’s Museum” achieves a good deal on celluloid.

So you read about these miners whom BHO, that alien who is hostile to life on earth, thwarts. And you wonder: Could Romney perhaps save their proud livelihood? The key being that you wonder … you wrestle with the issues.

Protectionist USA

Business, China, Foreign Policy, Free Markets, Labor, Paleolibertarianism, Private Property, Trade

If you’re in the market for “cheap rooftop solar panels,” you might have to reconsider. The Commerce Department has slapped “tariffs ranging from about 34 to nearly 47 percent on most solar panels imported from” China.

Tariffs, quotas, anti-dumping penalties, or any other trade barrier, force the American consumer to subsidize less efficient local industries, making him the poorer for it. Hundreds of industries—“the burgeoning business of installing cheap rooftop solar panels,” for example—are destined to shrink or go under in order to keep local, politically efficient industries in the lap of luxury.

This is not in the interest of the American consumer and it violates his freedom of contract and association.

The meddlers in Commerce had “determined that Chinese companies were benefiting from unfair government subsidies and were selling their products in the United States below the cost of production, a practice known as dumping.”

Dumping is good for American consumers. Antidumping penalties are typically imposed by the West on poorer nations to stop them from selling their wares bellow market prices. Such protectionist policies are detrimental to less- developed and Third-World countries, which gain advantage through the use of one of the only resources they have, their labor.

The US flouts freedom when it meddles in the affairs of the Chinese and the US consumer. The latter loves cheap Chinese products.

Nagging Begot The Nanny State On Steroids

Affirmative Action, Feminism, Free Speech, Gender, Labor, Welfare

At the not-so-new news that “more men in this country are opting out of the workforce and signing onto government entitlements,” Gerri Willis (whom I like) asks: “Where are all the good men?”

Let me attempt to reply.

For the sake of argument, let’s presume that all things are equal between men and women in our state-commanded labor force—also the faulty premise shared by those who comment on the lackluster performance of men in this economy. (“You Go Girl” gloat the pundits, left and right.)

Let us pretend along with the rest that women have not benefited from decades of fem affirmative action in government and big-business bureaucracies.

Notwithstanding legislation that privileges women, the wholesale feminization of American society comes at a price, especially to men.

Ours is a soft society. The women folk have molded men in their image. And what an awful image it is. Too many American men, like their women, don’t shut about their (invariably shallow) feelings, worship Oprah and watch chick flicks with equal zeal, deify and mollycoddle their solipsistic, badly behaved kids, become parasitical social activists (rather than mountaineers or entrepreneurs), cry on cue, and broadcast their (usually barren) inner-lives to the world.

For the purpose of a purchase I was making for him, I described my husband to a more traditional American woman. And she asked: “Where did you find this guy?” Although we were not discussing men qua men, I realized that what I had described was normal to me, but not to her.

“Oh,” I explained, “he isn’t North American. He’s an old-school WASP from South Africa.”

This type was raised (by like-minded parents) to keep a stiffer upper lip, dutifully assume his role as a man (in other words, get things done), and be both individualistic and self-sufficient to a fault. I joke that my husband doesn’t believe in the division of labor; he thinks he should do everyone else’s job. (A nerd’s joke, because to free marketeers like us, the division of labor is sacred.)

Men, however feminized, need moral instruction and manly role models. This a hierarchical, traditional society provides. The collapse of the work ethic among so many of America’s men is no doubt related to the progressive, matriarchal society rising.

American women didn’t like their WASPs (they’re not getting mine), so they molded the men into women, albeit with a preponderance of testosterone.

Nagging begot the Nanny State on Steroids.