Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
This is an anniversary, of sorts, for me. I have now lived in Ireland for ten years. They were ten good years. During that time, I made some friends and worked with colleagues, who later became friends, and befriended some students, who later befriended me. During this time, I made one good decision, and one bad mis-judgment—and the two were related.
Worth reading in full.
I am succumbing to temptation to repeat a post from 4 years ago. The reason is that the problem is now far worse. We do not have just a Principle agent problem, the country is run by corporate renegades and those on foreign payrolls.
The principalagent problem, in political science and economics, (also known as agency dilemma or the agency problem) occurs when one person or entity (the “agent”) is able to make decisions on behalf of, or that impact, another person or entity: the “principal”.[1] This dilemma exists in circumstances where agents are motivated to act in their own best interests, which are contrary to those of their principals, and is an example of moral hazard.
The Founders were well aware of this problem and tried to protect the citizens with certain provisions of the Constitution.
“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”
This provision was violated by Barack Obama who spent billions to subsidize insurance companies to support his “Affordable Care Act” which was not successful.
Of course, the Amendments were intended to protect the rights of the people but the one that has been ignored for 100 years is the Tenth.
“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
The Civil War largely ended Federalism.
In recent years, political parties have mislead their voters, the worst offender being the Republican Party. The Democrats posture as the party of the working man but it has become a party with two wings, the rich who want social liberties, and the poor who want to be taken care of. Jay Cost has written a good book about the Democrats Party called, “Spoiled Rotten, which explains the current policies of the party that has adopted “Identity politics” in which race and victim status has become a principal focus. My own review of the book is here.
The Republicans have gradually become the party of small business but the interests of small business are not being considered as paramount as the party seems to be evolving into another party of professional politicians whose personal interest trumps (so to speak) the interests of the voters. The result has been the rebellion of the Tea Party and more recently the election of Dave Brat, an economics professor, to Congress defeating Eric Cantor, a member of the GOP leadership, in 2014.
The election of Donald Trump has presented the GOP Congress with a crisis to which many have responded by retiring. One wonders what the next step of their career will be. Few, I suspect, will return home to the district that elected them. Most will remain in DC as Cantor has done.
Immediately thereafter, Cantor accepted a position as vice chairman of investment bank Moelis & Company. and,
In February 2015, the firm opened its Washington DC office, following the hire of Eric Cantor, former House Majority Leader, in September 2014.
That was bad enough in 2017 but we now have President Ron Klain, elected by no one, with Joe Biden as a prop when he can read his cue cards.
I think Angelo Codevilla’s piece about “The Ruling Class” has the best explanation.
When this majority discovered that virtually no one in a position of power in either party or with a national voice would take their objections seriously, that decisions about their money were being made in bipartisan backroom deals with interested parties, and that the laws on these matters were being voted by people who had not read them, the term “political class” came into use. Then, after those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public’s understanding, the American people started referring to those in and around government as the “ruling class.” And in fact Republican and Democratic office holders and their retinues show a similar presumption to dominate and fewer differences in tastes, habits, opinions, and sources of income among one another than between both and the rest of the country. They think, look, and act as a class.
Now, we have a ruling class whose loyalty seems to be to other governments, China, Russia, The EU ? Who are they working for? Biden attacks BREXIT, Supporting the EU over the UK, infuriating the British ruling party. Labour has already ridiculed Biden for his dementia. Who is writing Biden’s speeches ?
The Year of the French
St Patrick’s day gives me a good hook for re-posting this review, in the hope of inspiring a few more people to read this superb book. Ralph Peters calls this it “the finest historical novel written in English, at least in the twentieth century,” going on to say “except for ‘The Leopard,’ I know of no historical novel that so richly and convincingly captures the ambience of a bygone world.”
In August of 1798, the French revolutionary government landed 1000 troops in County Mayo to support indigenous Irish rebels, with the objective of overthrowing British rule in Ireland. The Year of the French tells the (fictionalized but fact-based) story of these events from the viewpoint of several characters, representing different groups in the complex and strife-ridden Irish social structure of the time.
Owen MacCarthy is a schoolmaster and poet who writes in the Gaelic tradition. He is pressed by illiterate locals to write a threatening letter to a landlord who has evicted tenants while switching land from farming to cattle-raising. With his dark vision of how an attempt at rebellion must end“In Caslebar. They will load you in carts with your wrists tied behind you and take you down to Castlebar and try you there and hang you there”MacCarthy is reluctant to get involved, but he writes the letter.
Sam Cooper, the recipient of the letter, is a small-scale landlord, and captain of the local militia. Indigenously Irish, his family converted to Protestantism several generations ago to avoid the crippling social and economic disabilities imposed on Catholics. Cooper’s wife, Kate, herself still Catholic, is a beautiful and utterly ruthless woman…she advises Cooper to respond to the letter by rounding up “a few of the likeliest rogues,” jailing and flogging them, without any concern for actual guilt or innocence. “My God, what a creature you are for a woman,” Cooper responds. “It is a man you should have been born.” “A strange creature that would make me in your bed,” Kate fires back, “It is a woman I am, and fine cause you have to know it…What matters now is who has the land and who will keep it.”
Ferdy O’Donnell is a young hillside farmer on Cooper’s land. Far back in the past, the land was owned by the O’Donnell family…Ferdy had once shown Cooper “a valueless curiosity, a parchment that recorded the fact in faded ink the colour of old, dried blood.”
Arthur Vincent Broome is a Protestant clergyman who is not thrilled by the “wild and dismal region” to which he has been assigned, but who performs his duties as best he can. Broome is resolved to eschew religious bigotry, but…”I affirm most sincerely that distinctions which rest upon creed mean little to me, and yet I confess that my compassion for their misery is mingled with an abhorrence of their alien ways…they live and thrive in mud and squalour…their music, for all that antiquarians and fanatics can find to say in its flavor, is wild and savage…they combine a grave and gentle courtesy with a murderous violence that erupts without warning…”’
Malcolm Elliott is a Protestant landlord and solicitor, and a member of the Society of United Irishmen. This was a revolutionary group with Enlightenment ideals, dedicated to bringing Catholics and Protestants together in the cause of overthrowing British rule and establishing an Irish Republic. His wife, Judith, is an Englishwoman with romantic ideas about Ireland.
John Moore, also a United Irishman, is a member of one of the few Catholic families that have managed to hold on to their land. He is in love with Ellen Treacy, daughter of another prominent Catholic family: she returns his love, but believes that he is caught in a web of words that can only lead to disaster. “One of these days you will say a loose word to some fellow and he will get on his horse and ride off to Westport to lay an information with Dennis Browne, and that will be the last seen of you”
Dennis Browne is High Sheriff of Mayo…smooth, manipulative, and devoted to the interests of the very largest landowners in the county, such as his brother Lord Altamont and the mysterious Lord Glenthorne, the “Big Lord” who owns vast landholdings and an immense house which he has never visited.
Randall MacDonnell is a Catholic landowner with a decrepit farm and house, devoted primarily to his horses. His motivations for joining the rebellion are quite different from those of the idealistic United Irishmen…”For a hundred years of more, those Protestant bastards have been the cocks of the walk, strutting around on acres that belong by rights to the Irish…there are men still living who remember when a son could grab his father’s land by turning Protestant.”
Jean Joseph Humbert is the commander of the French forces. A former dealer in animal skins, he owes his position in life to the revolution. He is a talented commander, but the battle he is most concerned about is the battle for status and supremacy between himself and Napoleon Bonaparte.
Charles Cornwallis, the general who surrendered to the Americans at Yorktown, is now in charge of defeating the French and the rebels and pacifying the rebellious areas of Ireland. Seen through the eyes of a young aide who admires him greatly, Cornwallis is portrayed as a basically kindly man who can be hard when he thinks it necessary, but takes no pleasure in it. “The color of war had long since bleached from his thoughts, and it remained for him only a duty to be scrupulously performed.”
This book is largely about the way in which the past lives on in the present, both in the world of physical objects and the world of social relationships. Two characters who make a brief appearance are Richard Manning, proprietor of a decrepit and debt-laden castle, and his companion Ellen Kirwan:
He ran his hand along the stone. When was it this keep had been built? The fourteenth century or the fifteenth. The MacDermotts had held it in Cromwell’s day…When the Cromwellian army moved west from Sligo, the MacDermotts had been blown out of their keep, quite literally. The yawning crater in the east wall was the work of Ireton’s artillery…
And here stand I, Manning thought, inheritor of that conquest, sick at heart because other armies are moving along the same road. Faces flushed by candleflame in Daly’s gaming rooms, children, like himself, of Cromwell’s spawn, bank drafts written against the harvests of Muster and Connaught. Ellen Kirwan, taken by right of Cromwell’s conquest, peasant’s daughter brought gawky and long-legged into the big house, her legs spread to receive that ancient conquest, Ireton’s battering cannon. More wife than mistress now, fussing over him, reminding him to shave, knitting patiently by firelight as he worked and reworked the account books.
“It is a sorry mess that history has made of us,” he tells Ellen. “Old wounds and old debts. God help us all.”
The book is also about the way in which history is driven by words and abstractions. “Words have a splendor for us,” observes Malcolm Elliott, “and so we send them off into the world to do mischief.”
Ellen Treacy:
On a rise of ground from which she could see the distant bay, she stopped and sat motionless, the reins slack in her thin, capable hands. The bay was empty, not a sail or a hull in sight, the water lifeless and gray. History had come to them upon these water, three foreign ships riding at anchor, filled with men, muskets, cannon. History had come ashore at Kilcummin strand, watched by fishermen standing beside their huts. Poetry made actual. Not her mother’s, not Goldsmith’s or The Seasons by Mr Thompson…That other, older poetry, the black letters of an alphabet remote from English, with prophesies of ships from France, gold from Spain, the deliverance of the Gael. History, poetry, abstractions, words which had transformed and shattered her world.
An incredibly good, involving, thought-provoking, emotionally-affecting book. I recommend it very highly.
The Year of the French
(This being St Patrick’s day, I’m again taking advantage of the hook to re-post this review, in the hope of inspiring a few more people to read this incredibly fine historical novel)
Ralph Peters calls this book “the finest historical novel written in English, at least in the twentieth century,” going on to say “except for ‘The Leopard,’ I know of no historical novel that so richly and convincingly captures the ambience of a bygone world.”
In August of 1798, the French revolutionary government landed 1000 troops in County Mayo to support indigenous Irish rebels, with the objective of overthrowing British rule in Ireland. The Year of the French tells the (fictionalized but fact-based) story of these events from the viewpoint of several characters, representing different groups in the complex and strife-ridden Irish social structure of the time.
Owen MacCarthy is a schoolmaster and poet who writes in the Gaelic tradition. He is pressed by illiterate locals to write a threatening letter to a landlord who has evicted tenants while switching land from farming to cattle-raising. With his dark vision of how an attempt at rebellion must end“In Caslebar. They will load you in carts with your wrists tied behind you and take you down to Castlebar and try you there and hang you there”MacCarthy is reluctant to get involved, but he writes the letter.
Sam Cooper, the recipient of the letter, is a small-scale landlord, and captain of the local militia. Indigenously Irish, his family converted to Protestantism several generations ago to avoid the crippling social and economic disabilities imposed on Catholics. Cooper’s wife, Kate, herself still Catholic, is a beautiful and utterly ruthless woman…she advises Cooper to respond to the letter by rounding up “a few of the likeliest rogues,” jailing and flogging them, without any concern for actual guilt or innocence. “My God, what a creature you are for a woman,” Cooper responds. “It is a man you should have been born.” “A strange creature that would make me in your bed,” Kate fires back, “It is a woman I am, and fine cause you have to know it…What matters now is who has the land and who will keep it.”
Ferdy O’Donnell is a young hillside farmer on Cooper’s land. Far back in the past, the land was owned by the O’Donnell family…Ferdy had once shown Cooper “a valueless curiosity, a parchment that recorded the fact in faded ink the colour of old, dried blood.”
Arthur Vincent Broome is a Protestant clergyman who is not thrilled by the “wild and dismal region” to which he has been assigned, but who performs his duties as best he can. Broome is resolved to eschew religious bigotry, but…”I affirm most sincerely that distinctions which rest upon creed mean little to me, and yet I confess that my compassion for their misery is mingled with an abhorrence of their alien ways…they live and thrive in mud and squalour…their music, for all that antiquarians and fanatics can find to say in its flavor, is wild and savage…they combine a grave and gentle courtesy with a murderous violence that erupts without warning…”’
Malcolm Elliott is a Protestant landlord and solicitor, and a member of the Society of United Irishmen. This was a revolutionary group with Enlightenment ideals, dedicated to bringing Catholics and Protestants together in the cause of overthrowing British rule and establishing an Irish Republic. His wife, Judith, is an Englishwoman with romantic ideas about Ireland.
John Moore, also a United Irishman, is a member of one of the few Catholic families that have managed to hold on to their land. He is in love with Ellen Treacy, daughter of another prominent Catholic family: she returns his love, but believes that he is caught in a web of words that can only lead to disaster. “One of these days you will say a loose word to some fellow and he will get on his horse and ride off to Westport to lay an information with Dennis Browne, and that will be the last seen of you”
Dennis Browne is High Sheriff of Mayo…smooth, manipulative, and devoted to the interests of the very largest landowners in the county, such as his brother Lord Altamont and the mysterious Lord Glenthorne, the “Big Lord” who owns vast landholdings and an immense house which he has never visited.
Randall MacDonnell is a Catholic landowner with a decrepit farm and house, devoted primarily to his horses. His motivations for joining the rebellion are quite different from those of the idealistic United Irishman…”For a hundred years of more, those Protestant bastards have been the cocks of the walk, strutting around on acres that belong by rights to the Irish…there are men still living who remember when a son could grab his father’s land by turning Protestant.”
Jean Joseph Humbert is the commander of the French forces. A former dealer in animal skins, he owes his position in life to the revolution. He is a talented commander, but the battle he is most concerned about is the battle for status and supremacy between himself and Napoleon Bonaparte.
Charles Cornwallis, the general who surrendered to the Americans at Yorktown, is now in charge of defeating the French and the rebels and pacifying the rebellious areas of Ireland. Seen through the eyes of a young aide who admires him greatly, Cornwallis is portrayed as a basically kindly man who can be hard when he thinks it necessary, but takes no pleasure in it. “The color of war had long since bleached from his thoughts, and it remained for him only a duty to be scrupulously performed.”
This book is largely about the way in which the past lives on in the present, both in the world of physical objects and the world of social relationships. Two characters who make a brief appearance are Richard Manning, proprietor of a decrepit and debt-laden castle, and his companion Ellen Kirwan:
Along the lines of Project Veritas comes a promising new endeavor by right-of-center Irish students:
In December of last year a Twitter account was set-up. Titled “Irish Students Against Fascism”, it described itself as an aspiring antifascist organising hub to physically, socially and professionally harass individuals engaged with conservative or nationalist politics on campuses.
Very soon the account garnered well over a thousand followers, with retweets from the Union of Students Ireland’s official account among other leftist activist organizations. The account boasted of an impending website dumping incriminating material relating to students on campus, particularly in Young Fine Gael, and invited individuals to contribute over private messaging.
What has been unknown until today was that, from the very onset, the page was operated by students involved with The Burkean. The account was set up with the intent of performing long term investigative work into antifascism in Ireland, as well as its insidious and often blatant links with civic society, journalism and politics.
Put politely, antifascism is the euphemism given to the work done to destroy the lives of people with right leaning sympathies. While traditionally associated with left republicanism, it is these days more often than not linked to Ireland’s ubiquitous NGO complex, as well as well-funded activists heavily networked within the world of journalism, politics and the private sector.
Many young people on the Irish Right have long claimed that there is institutional bias constantly working against them. However, it is only now that we can definitively say that this is not the case.
There is no institutional bias against young conservatives. There is an outright conspiracy against them…