Torture, Torture Everywhere: Robespierre Lives on

In a wonderful case of the pot calling the kettle black, the US stomped its feet at the reprehensible actions of a member fo the Emirates royal family. The torture of a man, which was videoed, has sent US authorities into a high spin cycle of moral wash. It’s a very nasty example of what goes on “over there”. Authoritarian regimes tend to treat people however they feel like it. But somehow its what we have come to expect from certain nations.

The US is taking this very seriously and reportedly holding up several military technology deals whilst the case is looked over. At the same time, Dick Cheney, the Republican Robespierre, is a strong supporter of torture himself, a stand which has cost the US incalcuable harm in terms of foreign relations and standing.

Whilst the new administration has taken a strong stance against torture and has shut down Guantanamo Bay, the US has yet to recover from its actions during the Bush years.In fact this exchange shows that the country is very much split on the issue of torture as a means to and end…if it’s the right thing to do. Never mind that the US has rather lost its mojo when it comes to freedom and liberty and right to a fair trial, it is still yet to recover and find its feet on this issue.

The spreading of democracy and freedom by the sword seems to sounds very much like the spreading of the word of God by the sword. Are they one and the same? Has the US turned to the darkside? The war on terror or war of terror? The zeal of many Americans towards towards justifiable torture creates some interesting historical parallels.

As Brandeis said ” The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” Essentially “men of zeal” have always justified their actions by proclaiming some form of revelation, enlightenment or spiritual cleansing. The poster boys or high priests (literally) of torture, the Inquisitors, ahowed us the road to God but ultimately were trumped by Robespierre, surely the father of modern terror, in the world of modern state. Perhaps terror was France’s most infamous and underreported export?

As Robespierre put it “This terrible war waged by liberty against tyranny” must surely involve killing many people…who are not on the right side of the ledger…..and on and on……Leopold (The Belgian Genocider), Lenin, Stalin, Hitler, Mao, Pol Pot all merrily feasted on the droppings of this freedom lover. Can “virtue and terror” sleep easily with each other. I think not.

It’s good to see the US authorities reacting with dismay and distaste to this story. Only now can they really face up to what has happened over the last 8 years (and let’s face it many years before). But also what is clear is that its a debate that has someway to run as the US pillars freedom, liberty and virture are disinfected by the sunlight.

Microfinance is cool but what about Microjustice?

I think we can safely say microfinance is here to stay although I do believe we are still in the very early stages of its development.

But Microjustice…sounds like you get a 5 min court hearing or similar. But no it’s a new form of legal representation using the microfinance model. Let’s face it lawyers don’t come cheap and yet justice is supposed to be a universal right. Right’s can also be expensive but legal activists are pioneering a new approach.

“The similarity between microjustice and microfinance is largely a way of thinking,” Van Swinderen says, “to not look at poor people as victims. Just to be very businesslike serves them much better than to always treat them like poor people who need support. Almost all development programs create a dependency that is not so desirable.”

It’s a small start but could lead to a big change in how legal services are delivered to those less well off.

Genocide Watch: Trying Times

It’s just year now since I wrote about the death of Dith Pran and Kaing Guek Eav, the commandant of S-21 who was finally put up for trial. Well now the time has come for Duch to face justice, some 30 years after he oversaw the imprisonment, torture and execution of some 15,000 people.

It’s been a long wait for many Cambodians but justice, although seemingly asleep, can be awoken at any time. It’s also a poignant moment for Kiwis as Kerry Hamill, brother of Rob Hamill, the NZ rower, was one of the victims along with a British man, John Dewhirst and a Canadian, Stuart Glass. Their boat had drfited into Cambodian waters in 1978 leaving them at the mercy of the murderous regime. Stuart Glass was killed instantly but John and Kerry made the harsh journey to camp S-21 where they eventually were killed.

Another Kiwi, Dame Silvia Cartwright, is one of the five judges appointed to oversee the trial. It will undoubtedly be a very testing case to judge even though the evidence is quite clear. It will hopefully prompt the international community to look around the world and see if it could be doing more to prevent genocides and other cleansings from taking place.

They could start by looking at the decimation of the Karen people in the world’s No 1 Murder Regime, Mynamar. But there is no shortage of murderous action around the world especially where natural resources are plentiful. Plus ca change………

As for Duch and his explanations, I think we are long past accepting “i was following orders” as any kind of defense for violent action.

As Edmund Burke said “All that is necessary for the triumph of evil is that good men do nothing”

Over and out: The Era of Excess

Iceland has become the first country to see its government fall as a result of the global credit crisis. A tragedy of excess has found its way into the heart of the democratic process.

Of course in a case such as this the ending barely surprises. In fact we never seem to be surprised at how excess and gluttony ends in tears. So perhaps its normal like a child who has too much ice cream, sweets or cakes. We know the ending but somehow stand by and watch because ultimately the child has to learn.

Nothing much really changes though.

The financial warriors of the ice nation rampaged through the European bazaars picking up companies like confetti. A sad tale signifying what? Same old, same old.

Th reality is that we always succumb to the bubble. It’s in our nature, it’s part of our make-up: a relentless and cored belief that somehow it’s all going to work out and we will have something for nothing.

And even in the deepest mess that is the US financial system crazy stories still appear. John Thain and his $40k or whatever toilet. Nice.

Nothing is new. Nothing has changed. It’s just bigger and makes a lot more noise.

As Frank Rich mused on Obama and the End of the Gilded Age,

He spoke of those at the economic pinnacle who embraced greed and irresponsibility as well as the rest of us who collaborated in our “collective failure to make hard choices.” He branded as sub-American those who “prefer leisure over work or seek only the pleasures of riches and fame.” And he wasn’t just asking Paris Hilton “to set aside childish things.” As Linda Hirshman astutely pointed out on The New Republic’s Web site, even Obama’s opening salutation — “My fellow citizens,” not “fellow Americans” — invoked the civic responsibilities we’ve misplaced en masse.

Let’s face it we all want to make loadsamoney……on our houses, investments, crazy schemes…..but the truth is it’s just a facade. But like Versailles it will linger on in our minds for years to come.

Soros: The Reflexive Market

Soros has been banging on about his new theory on why markets tend towards bubbles. Well it’s not a new theory as he’s been going on about it for a long time. In fact he’s made plenty of dough out of this approach for many years. But so has Warren Buffett so what’s the difference?

Well his mani point is that markets do not tend towards equilibrium but can be quite extreme in their pricing. I completely agree with this. But do they alwats revert to an equilibrium point? I think so but unfortunately for many it’s like an elastic band. It either rebounds on you causing a sharp pain or actually complete explodes.

This leads us to the greatest maxim of trading and investing: buy low, sell high.

The best traders are those who are completely detached from the instruments they trade. The ego is removed and there is no emotional investment about being right. But markets move on emotion of crowds since that is what the market is. The market can also be seen as a system in which intentionality is the main driver. Yes the fundamentals (price, yield, forecasts) play an important part in determining a basic price but it is the intention of the market, whether to buy or sell, that really drives the price.

So stock markets happily trade a twice their preceived fair value earnings. Currencies happily trade at a huge premium or discount to perceived fair value. Why does this happen? It’s simply the collective outcome of countless intentions.

And many fortunes have been lost betting against the wisdom of the crowd.

Soros suggests regulators have a part to play here in smoothing or preventing bubbles. He says that the control of the money supply itself is not enough but that credit conditions need to be managed. In essence this is the same thing depending on how you view the money supply.

He thinks margin and capital requirements for banks should be used to make credit less or more available.

He’s right to a point. But he missed the real problem which is the creation of the money supply by the banks.

Banks control both the money supply and the supply of credit . How? Well nearly all money is credit.

Now there’s something for Geroge to get his teeth into.

Let’s get real on climate change

Another high level global conference and another list of innocuous plans and goals.

Fiddling whilst the plant burns seems to be infectious. With the global economy collapsing around their ears policymakers have never had a better opportunity to declare a move to a quota based system of fossil fuel extraction.

With oil prices at 5 year lows, down $115 from the highs earlier in the year, I am sure that producers would be willing to sit down and listen.

Whilst global demand is down there is an opportunity to slow emissions at source by setting a target as per the Sustento Framework and making it stick. All the talk of the last few years has been about increasing demand for fossil fuels and the impossibility of reigning that in.

Well right now any demand would be welcome. There has never been a better time to lay it on the line. It’s time to stop pissing around with talk fests and policies which will never actually reduce emissions in any meaningful way.

Set a target for global annual fossil fuel extraction and then stick to it.