Wealth


To paraphrase George Monbiot:

There is not enough oil.  We are all going to die!

. . . oh, wait . . .

There is too much oil.  We are all going to die!

It must be really depressing being an environmental alarmist.  No matter what happens, you have a compelling need to see it as a dire threat to the very existence of humanity.

As one would expect, Mr. Monbiot fails to note that much of the United State’s newly found energy wealth is in the form of natural gas, and as a result, “total [U.S] CO2 emissions this year are on track to drop to the lowest level since 1991.”

It's always darkest just before it goes pitch black.

If you were wondering where all the Puritanical guilt went as our society become more secularized, I think the environmental movement has found it for us.

Mozambique’s new energy reserves may not be pretty or clean, but they have two advantages that trump everything else: they are lucrative, and, unlike the unicorns that the global climate movement insists will descend from the Misty Mountains any minute and solve all our problems while saving us money, they are real.

Walter Russel Meed, Via Meadia

The question came up recently asking what are the most beautiful machines ever made by man.  So, I thought I would post my list.  I did not chose these machines because they are the fastest, strongest or best performers in their fields.  I chose them because they spark an emotional, sensual, visceral reaction at the base of my brain — They are beautiful.

You will notice that the list is skewed toward transportation.  My personal aesthetic sensibilites undoubtedly contribute to this bias, but I also think that vehicles occupy a sweet-spot in industrial design.  They are durable enough that the effort to make them beautiful is worthwhile and yet not so expensive or purpose built that utility completely overides other considerations.  This list also specifically includes machines and not man’s other creations such as clothing, architecture or purely artistic works.  Those may have to be the subject of another list sometime.

Think I missed something?  I’m sure you’ll let me know.

10.  Bugatti Type 57S Atlantic

We start the list with a pretty exclusive beauty.  Only four were made, and only two survive today.

. . .

9.  Oil Refinery at Night

There are a number of refineries along I-15 in North Salt Lake.  I use to drive past them every day on my way to work.  In the early morning with the fog rolling in off of the Lake and the waste gas flaring, they were amazingly beautiful.

. . .

8.  Beechcraft Model 17 Staggerwing

The potent radial engine out front combined with the smooth curves and delicate lines so ably capture the strength and elegance of the Art Deco aesthetic.

. . .

7.  J Class Yachts

I must go down to the seas again, to the lonely sea and the sky,
And all I ask is a tall ship and a star to steer her by,
And the wheel’s kick and the wind’s song and the white sail’s shaking,
And a grey mist on the sea’s face and a grey dawn breaking.

- John Masefield

There is just something about the image of a ship, sails taught and running before the wind, that captures the imagination.  And I don’t think any other ship comes as close to the pure expression of the ideal.

. . .

6.  Macbook Air

Pictures do not do justice to any of these machines, but especially this one.  The smooth lines and simplicity are compelling.  I still have to fondle it everytime I go into an Apple store.

. . .

5.  Supermarine Spitfire

The inclusion of this most iconic of aircraft needs no justification.  However, (because I know it will come up if more than one person ever reads this) I considered and intentially left our the P-51 Mustang.  While the Mustang is undoubtedly a more capable aircraft, it is nowhere near as beautiful.

. . .

4.  Mac Motorcycles Peashooter

I love motorcycles, and there a lot of them that could have made it onto this list.  But this offering from Mac Motorcycles so perfectly reflects an elemental motorcycleness that it had to be at the top (even though it hasn’t actually been made yet).

. . .

3.  Harry Winston Opus X

This watch is exquisite even in these still photos, but you really must see the movement in motion to appreciate the true genius of the design.

. . .

2.  Nemesis NXT

An aeronautical siren – a creature so beautiful and so sinister that even though you know it wants to kill you, you can’t help yearning to touch it.

. . .

1.  Astin Martin DB9

This car balances a sublime harmony between elegance and animal athleticism.  Plenty of sports cars look fast, but this one exudes power and sensuality like the love child of Mac Truck and a Lotus Elise.

. . .

Honorable Mentions — because 10 is never enough.

1934 Chrysler Airflow

(I had this at number 10, but the curves on that Bugatti . . . )  We like to romanticize beauty as universal and enduring, but it sometimes shows itself to be driven by cultural norms.  The flowing lines of the Chrysler Airflow push all the right buttons for me, but its initial reception generated all the enthusiam of a Milli Vanilli reunion tour.

I love this picture of the Airflow next to a Union Pacific M10000 streamliner

. . .

General Dynamics F-16 Falcon

. . .

Louis XIII Fowling Piece

. . .

BMW R1100RS

. . .

“Mallard” LNER Class A4 4468 Steam Locomotive

. . .

 

As often as I consider these things, I am ready to say with my self, that God has bestowed his Blessings upon Men that have neither hearts nor skill to use them.  For, why are we surrounded with the Sea?  Surely that our Wants at home might be supply’d by our Navigation into other Countries, the least and easiest Labour.  By this we taste the Spices of Arabia, yet never feel the scorching Sun which brings them forth; we shine in Silks which our Hands have never wrought; we drink of Vinyards which we never planted; the Treasures of those Mines are ours, in which we have never digg’d; we only plough the Deep, and reap the Harvest of every Country in the World.

– Henry Martyn, Considerations on the East-India Trade, p. 37 (1701).

An inspired treatise on free trade 75 years before Adam Smith.  It also brought to mind one of my favorite songs.

For if you can give her one gold piece,
Then I can give her three.
For I am bold John Barbour,
And I plough the raging sea.

John Barbour by Great Big Sea.

(HT EconTalk)

The trouble with socialism is that eventually you run out of other people’s money.

– Margaret Thatcher

Scientists now think that King Tut may have died of Malaria.  As the fellow who sent me the link dryly noted, King Tut did not have good comprehensive health insurance.

All kidding aside, this is a good excuse to meditate on just how rich we are.  King Tut was probably the wealthiest man in the world during his time.  He died of something that wouldn’t kill the most abjectly immiserated welfare mother in the United States today, because of a combination of public health efforts, and cheap antimalarial drugs.

You always need to factor in things like this when you talk about changes in living standards over time.  All the positive changes in society mean that the absolute difference between the income of Bill Gates and the man who valets his car is larger than it has ever been in history.  But the actual difference in comfort between the two of them is probably much smaller than the difference between JP Morgan and his stableboy.  And both Gates and the valet are almost immeasurably better off than their predecessors.

I noted earlier that free trade and technology disparately benefit the poor.

Now, therefore, I do recommend and assign Thursday, the 26th day of November next, to be devoted by the people of these States to the service of that great and glorious Being who is the beneficent author of all the good that was, that is, or that will be; that we may then all unite in rendering unto Him our sincere and humble thanks for His kind care and protection. . . . And also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech Him to pardon our national and other transgressions. . . .

– George Washington, 1789

It has been a difficult year in many ways, but I fear that we often lose sight of the fact that we live in what is, without doubt, the wealthiest society in the history of the world.  We have much for which to be grateful.

The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others have been added, which are of so extraordinary a nature, that they cannot fail to penetrate and soften even the heart which is habitually insensible to the ever watchful providence of Almighty God. . . . Population has steadily increased, notwithstanding the waste that has been made in the camp, the siege and the battle-field; and the country, rejoicing in the consiousness of augmented strength and vigor, is permitted to expect continuance of years with large increase of freedom. No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy. It has seemed to me fit and proper that they should be solemnly, reverently and gratefully acknowledged as with one heart and one voice by the whole American People.

Thanksgiving Proclamation of Abraham Lincoln, delivered on November 28, 1861 during the Civil War.

(Thanks James for letting me plagiarize.)

Mrs. Begum’s biggest challenge is not what the sea level may do in five or 10 decades. She has a more modest request: “It would be a heaven’s gift if a proper drainage system could be arranged in this area where all the drains are covered and do not overflow.”

Getting basic sanitation and safe drinking water to the three billion people around the world who do not have it now would cost nearly $4 billion a year. By contrast, cuts in global carbon emissions that aim to limit global temperature increases to less than two degrees Celsius over the next century would cost $40 trillion a year by 2100. These cuts will do nothing to increase the number of people with access to clean drinking water and sanitation. Cutting carbon emissions will likely increase water scarcity, because global warming is expected to increase average rainfall levels around the world.

For Mrs. Begum, the choice is simple. After global warming was explained to her, she said: “When my kids haven’t got enough to eat, I don’t think global warming will be an issue I will be thinking about.”

– Bjørn Lomborg, Global Warming as Seen From Bangladesh, WSJ.com

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