With notably rare exceptions[1]

One of the arguments being pushed by those on the political right seeking to downplay the Victorian election outcome is that Australian state governments generally get a second term. A look over the period since 1990, however, brings up  several exceptions to that rule. Here’s my list:

Borbidge (Queensland), Baillieu-Napthine (Victoria), Newman (Queensland),Mills-Giles (NT)

For the “second-term” argument to work in downplaying the result, more is needed. It has to be the case that, having won a second term, governments mostly fail to get a third.  Here’s a list [1] of instances where two-term governments have been defeated.

Groom-Rundle (Tasmania), Greiner-Fahey (NSW), Kennett (Victoria), Carnell-Humphries (ACT), Court, Gallop-Carpenter, Barnett (WA), Martin-Henderson (NT)

Eagle-eyed readers will notice that all of the exceptions in the first list were conservatives, while only two of the confirming instances in the second list were Labor.

With a limited data set, it’s easy to support a wide range of conclusions. Still if conservative commentators want to use historical patterns to argue that, having easily won a second term, Daniel Andrews is on track to lose next time, I think they’re dreaming.

 

fn1.  This is a moderately famous Internet meme, coined by Alan Greenspan

fn2. One might arguably add the Goss government in Queensland, which won the 1995 election, but lost office after a by-election required by the Court of Disputed Returns.

 

 

 

A state election outcome with global implications ?

After any state election with a decisive outcome, partisan analysis shows a predictable pattern. On the losing side, the state party blames its federal counterpart, while the feds say that the election was decided on state issues. On the winning side, there is generally enough credit to go around, with the state party basking in success, while the federal party (particularly if it is in opposition) points to the outcome as a “message to Canberra”.

The recent Victorian election is, I think, rather different. That’s because, on the conservative side at least, the usual state-based issues (health, education, roads) were disregarded in favour of a culture war campaign almost identical to that being run by the Morrison government at the national level and by the political right globally. Notable examples were an overtly racist law and order campaign, a revival of the drug war, and proposals for publicly funded coal-fired power stations aimed at appealing to climate science denialists. Guy’s slogan “get back in control” could just as well have been used by Donald Trump, or by the rightwing advocates of Brexit.

The stunning rejection of Guy’s campaign gives some hope that Australian voters will not fall for this. In part, that’s because Labor ran on its traditional strength at the state level. But the outcome was very similar to Morrison’s drubbing in the Wentworth by-election, where the state level advantage didn’t apply.

It’s only one election, but it’s one of a number, notably including the recent US midterms, where the supposed irresistible force of rightwing identity politics has proved to be not so irresistible after all. It’s too early to start cheering, but it now looks possible that, in a few years time, the whole rightwing upsurge will prove to have been the final spasm of the losing side in the culture wars. The question then will be how to build a better world from the mess we will inherit.

Bitcoin’s belated bust

It’s been quite a big week in cryptocurrency markets. The price of Bitcoin has fallen close to $4000, down from a peak of nearly $20 000.

As a longstanding sceptic of cryptocurrencies, it might be thought that I would be taking a victory lap. After all, I have previously written that “Bitcoins will attain their true value of zero sooner or later, but it is impossible to say when.” With the Bitcoin price having fallen by 75 per cent, it might seem that my prediction is well on the way to being justified.

Unfortunately, the second part of my statement, about the impossibility of predicting timing has been proved definitively correct.. I wrote this in 2013 when Bitcoins were valued at around $100, and the total market capitalization was a mere billion dollars. A single wealthy individual could have driven the price to zero by short-selling.

Five years later, and despite the price collapse of the past few months, Bitcoins are selling at nearly 50 times the price I criticized as excessive. Moreover, as cryptocurrencies have proliferated, Bitcoin now constitutes only a fraction of the total market. The capitalization of the cryptocurrency market as a whole is fluctuating still close to $100 billion.

Yet this massive valuation is built on nothing. The idea that Bitcoin, or any of its competitors will provide a new and superior means for buying and selling goods and services has been tested to destruction. Nearly a decade after the currency was launched, the use of Bitcoin in purchases is modest, and rapidly declining.

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Trolls (crosspost from Crooked Timber)

I’ve decided that life is too short for me to deal with any more trolls. From now on, I’m following the same zero[1] tolerance policy regarding blog comments as I do on other social media. Snarky trolling comments will lead to an immediate and permanent ban from my comment threads.

More generally, I’ve come to the conclusion that the best way to look at the ‘Intellectual Dark Web’ and what remains of the Republican intellectual class is the light of my experience as a blogger.

Put simply. the IDW and others are trolls. Their object is not to put forward ideas, or even to mount a critique, but to annoy and disrupt their targets (us). As Nikki Haley observed, a few months before announcing her resignation as UN Ambassador, it’s all about “owning the libs

Once you look at them as trolls, it’s easy to see how most of the right fit into familiar categories. They include
* Victim trolls: Their main aim is to push just far enough to get banned, or piled-on, while maintaining enough of an appearance of reasonableness to claim unfair treatment: Christina Hoff Sommers pioneered the genre
* Concern trolls: Jonathan Haidt is the leading example. Keep trying to explain how the extreme lunacy of the far right is really the fault of the left for pointing out the lunacy of the mainstream right.
* Quasi-ironic trolls: Putting out racist or otherwise objectionable ideas, then, when they are called out, pretending it’s just a joke. The alt-right was more or less entirely devoted to this kind of trolling until Trump made it acceptable for them to drop the irony and come out as open racists.
* Snarky trolls: Delight in finding (or inventing) and circulating examples of alleged liberal absurdity, without any regard for intellectual consistency on their own part. Glenn Reynolds is the archetype in the US, though the genre was pioneered in UK print media by the Daily Mail’s long running obsession with ‘political correctness gone mad’
* False flag trolls: Push a standard rightwing line, but demand special consideration because they are allegedly liberals. Alan Dershowitz has taken this kind of trolling beyond parody
From what I can see, the latest hero of the Dark Web, Jordan Peterson, manages to encompass nearly all of these categories. But I haven’t looked hard because, as I said, life is too short.

I’ve used US examples here, but most of them have Australian counterparts. Feel free to point them out.

fn1. Not quite zero. Commenters with a track record of serious discussion will be given a warning. But, anyone who wastes my time will be given short shrift

Brexit: this is it?

Since the Brexit referendum was hailed by many as representative of a new force in global politics, it’s of interest even on the far side of the planet, and I’ve watched the slow-motion train wreck with appalled fascination.

So, as far as I can tell, the Brexit deal Theresa May has come up with is pretty much the super-soft version. About the only immediate change it will produce is a return to blue passports in place of the EU burgundy, which, it appears, were always optional. And, it appears, the new passports will be printed in France.

All that assumes that the deal will go through. In this context, I’ve been struck by a lot of commentary supporting the deal on the basis that a second referendum isn’t feasible due to the timing requirements of the Referendums Act. Am I missing something here? Isn’t Parliament supreme? And given that this issue has consumed British politics for the last two years or more, can there really be any significant ambiguity about the possible choices articulated by May today: her deal, no deal or no Brexit?

Feel free to comment on these or any other aspects of the issue.