My column, on the tenth anniversary of the Columbia loss, at USA Today.
Category Archives: Business
America 3.0
There’s a new book
Death Panelists
It isn’t hard to see why nobody is clamoring to take a job that offers low pay and lots of regulations and will make everyone in the country hate you.
But it’s been clear from the beginning that this is the kind of thing you get with a massive, centralized health care “fix” like Obamacare: 15 unhappy people in a room making enormously important but impossible to predict decisions affecting a broad and diverse industry (not to mention the lives and health of millions). It’s hard to imagine a centralized approach getting all the nuances of health care right—and we certainly haven’t stumbled onto the miracle cure here.
We sure haven’t.
Al Gore’s New Book
A review:
Techno-enthusiast Al’s discussion is interesting, if occasionally heavy-handed in its erudition. With so many facts on display, errors inevitably creep in: Bronze wasn’t chosen over copper in ancient times because copper is too brittle (it isn’t brittle at all) but because bronze tools could hold an edge under hard use, as copper tools couldn’t. Even so, Mr. Gore’s fans will find the book a useful introduction to the future, if not to the past. Yes, he does go on about climate change at some length, but that is hardly news. There is much, much more to the book than a rehash of the global-warming debate.
But then Savonarola Al intervenes, his fondness for high-toned scolding coloring every topic. It’s a pretty monochromatic color. After reading Savonarola Al’s sermons, one might be excused for thinking that all of the evils in the world come from corporations. There is a lot about what Mr. Gore calls “the domineering crimes of the robber barons” and the evils of capitalism, but the actual “crimes” that Mr. Gore mentions, chiefly lobbying efforts that thwart regulation, don’t seem all that bad in comparison with the things that governments are capable of doing. In much of the Third World—think Zimbabwe or Iran—people have far more to fear from the despotic regimes that misrule them than they do from private enterprise. And even in the free world, governments have a coercive power that no corporation can rival. Hence the need for lobbyists as a check on wealth-destroying intrusions into markets and abridgments of commercial freedom.
Want to get money out of politics? Get politics out of money.
The First Bionic Eye
…is about to hit the U.S. market.
If ObamaCare doesn’t kill it off.
Commercial Space
The full privatization of U.S. space transportation will bring two immediate benefits. First, America can and will recapture global leadership in commercial space transportation (we are currently fourth in launches per year, behind Russia, Europe and Ukraine), bringing thousands of good jobs back to America. Second, since NASA will be purchasing services—essentially tickets for crew and cargo—on the same commercial transportation used by the Defense Department, the department will save money, which can be used to improve U.S. national security.
One of the biggest beneficiaries of this transition will be NASA. Private industry can build the rockets, and do a much better job at lowering costs than any government agency. NASA can then focus on the important and difficult jobs that only NASA can do Among other things, this would include developing gamechanging technologies such as advanced electric propulsion that are still too risky for any company to invest in, and which will create brand-new industries in the 21st century.
A renewed and refocused NASA is critical to America’s future. So as the country struggles with trillions in debt and deficits, it makes no sense for NASA to build rockets that are already available or can be developed at much lower cost by U.S. private industry. Why spend approximately $20 billion to build an unneeded SLS super-heavy-lift rocket, for instance, when existing commercial rockets can carry payloads more often, efficiently and cheaply?
Unfortunately, it makes lots of sense once you understand that the purpose is not to actually do anything useful in space. That’s just lagniappe, if we’re lucky enough to get it.
The Climate-Change Cure
…is like taking chemotherapy for a cold:
I cannot see why this relatively poor generation should bear the cost of damage that will not become apparent until the time of a far richer future generation, any more than people in 1900 should have borne sacrifices to make people today slightly richer. Or why today’s poor should subsidise, through their electricity bills, today’s rich who receive subsidies for wind farms, which produce less than 0.5% of the country’s energy.
As Glenn often says, the poor don’t have the juice (literally, in this case). It’s always about the juice.
Another Road
The Blue elites are wrong:
It is easy to see how rational people can conclude that the only hope of preserving mass prosperity in America comes from transfers and subsidies. If we add to this the belief that only a powerful and intrusive regulatory state can prevent destructive climate change, then the case for the blue utopia looks ironclad. To save the planet, save the middle class and provide American minorities and single mothers with the basic elements of an acceptable life, we must set up a far more powerful federal government than we have ever known, and give it sweeping powers over the production and distribution of wealth.
But what if this isn’t true? What if the shift from a late-stage industrial economy to an information economy has a different social effect? What if the information revolution continues and even accelerates the democratization of political, social and cultural life by empowering ordinary people? What if the information revolution, like the industrial revolution, ultimately leads to a radical improvement in the way ordinary people live and opens up vast new horizons of human potential and freedom?
Obviously nobody knows what the future holds, and anything anybody says about the social consequences of the information revolution is mostly conjecture; still, the elegantly paternalistic pessimism of our elites about the future of the masses seems both defeatist and overdone. The information revolution, one should never forget, may be disruptive but more fundamentally it is good news. Human productivity is rising dramatically. If the bad news is that fewer and fewer people will earn a living working in factories, the good news is that a smaller and smaller percentage of the time and energy of the human race must be devoted to the manufacture of the material objects we need for daily life. Just as it’s good news overall when agricultural productivity increases and the majority of the human race no longer has to spend its time providing food, it’s good news when we as a species can free ourselves from the drudgery and monotony of factory work.
Good news is bad news for people who don’t like (other people to have) freedom. They need a crisis to not waste.
Chicken Wings
Prices are skyrocketing partly due to ethanol mandates. If I were the Koch brothers, I’d buy a Superbowl ad to make that point.
[Update a couple minutes later]
One of the commenters points out that we need to get rid of the sugar tariffs, too. Good point.
Reckless Disregard
A lot of the gun owner information published by the Journal News was wrong, and they should have known it was wrong.
Looks to me like the basis for a nice class action lawsuit to wipe the hoplophobic fascists out and shut them down permanently. Or let the paper reopen under more enlightened management.