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Showing posts from August, 2010

Coase Theorem and property rights in South Africa

The Coase theorem is a curious anomaly that most economists seem to ignore or dismiss. From what I've read on economics, the field is mainly divided between the Monetarists and the Keynesian economists.

Monetarists view currency as another product subjected to the laws of supply and demand. They conclude that government intervention in the economy distorts the market price for currency, thereby exasperating economic cycles.

Milton Friedman, the man associated with monetarism. He blinds you with science. And his bald patch.

On the other hand, Keynesian economists view currency as a tool that governments may use to influence supply and demand. Government intervention in the economy is thus justified to address social issues by influencing levels of inflation or unemployment statistics, among other hardships. Yet there are more obscure economic theories out there. One such a theory is Coase's Theorem.

John Maynard Keynes, the biggest economist of the last century. In more ways than…

Media Appeals Tribunal Update

I've received some insightful comments on my Media Tribunal posts. Here's a quick summary of them:

More than one thousand bloody agents have joined the No Media Tribunal campaign.

A summary of the Media Appeals Tribunal debate
The Media Tribunal and the Protection of Information bill are two separate concerns. The Protection of Information Bill is already on the table, while the disgraced Media Tribunal is fast becoming a political liability so it's unlikely to even reach parliament.
Neither of these bills appear to be founded on constitutional values and many experts agree that they will not make it past the Constitutional Court in their current form.
Nevertheless, the ANC claims that there is overwhelming support for the Media Tribunal and thinks that going ahead with this bill is still a great idea. This despite the fact that it's been shelved before due to overwhelming opposition to the bill and the current backlash from the public against the notion.
The media is aware …

This could save your life

Just a thought, use it, don't use it.

The age of consent chart from Wikipedia. Absolutely crucial information for any traveller. Don't forget your towel either.

Latest on the disgraced Media Tribunal

Since my last post, No Media Tribunal, over 500 followers have joined the fray to oppose the Media Tribunal. I didn't realise there were so many irate internet nerds in South Africa.

More than 500 South Africans are against the Media Tribunal. I know, I counted them all.

Prominent people oppose the Media Tribunal
Some of the sane people opposed to the Media Tribunal include Pick n Pay's CEO and the US Ambassador.

People at grassroots level oppose the Media Tribunal
This is ironic because according to Jacob Zuma, the Media Tribunal is designed to protect ordinary people who he thinks are too stupid to know about the ombudsman or who cannot afford court proceedings against the boogy man media.

Well, if us ordinary, grassroots level South Africans are such high flyers that we need a Media Tribunal that censors the press to protect our anonymous reputations then why do we feel this way about the proposed media tribunal?
YES to Media FREEDOM. NO to Hitler's sentiments over the journ…

No Media Tribunal

The ANC seems hell-bent on this censorship trip. Even though they've already decided that the media tribunal will be implemented, apparently more debate is needed surrounding the issue. I say CENSOR that. If it's unconstitutional, it's non-debatable.

If you are a lamer on Twitter, please join my campaign
I started a haphazard No Media Tribunal campaign to try and get lots of irate Internet nerds to oppose the proposed Media Tribunal. If you are one of those nerds, first, get some sun. Please. You need Vitamin D.

This is Dr Joseph Goebbels. No, he does not work for the ANC although you may be forgiven for thinking so. To the Illiterati, this picture is meant to be ironic. As in, a difference between what is meant and what is portrayed. See, just like the ANC, Dr Goebbels was not a fan of free speech. I wonder why?

Secondly, please join my No Media Tribunal twibbon campaign. Now get some sun before sunlight becomes regulated by the Ultra Violet Radiation Tribunal.

Fear and loathi…

Free Mzilikazi wa Afrika

The free Lindsay Lohan post was a bit of a joke. To you, perhaps, but not to me. With Lindsay Lohan behind bars, who is going to flash their tits in public?

However, Mzilikazi wa Afrika, a journalist for the Sunday Times, has been jailed because some chop in Mpumalanga did not like his face. I happen not to like his face either but the man has a job to do, namely report on newsworthy events. If our one party state does not like what the media prints about them, perhaps they shouldn't conduct themselves so newsworthy?

Like George Carlin once said, the Germans may have lost the war but fascism won. Seems like the ANC forgot what life was like under Apartheid with the security police watching the media like Hawks.

I hope the Specials haven't retired yet because South Africans who value their personal freedoms still need them to make more remixes. I took the liberty of making a new cover for them:

Free Lindsay Lohan

Lindsay Lohan is in rehab
Again. Before entering a rehabilitation centre, Lindsay Lohan was in prison. This is an outrage. When fine, upstanding citizens such as Nelson Mandela spent unjust time in prison, there was an international outcry to have him freed. There is a famous song (apparently, we never really heard it in South Africa back in the day) called Free Nelson Mandela. That's free as in release Nelson Mandela from prison, not free as in you get a free Madiba with your McDonalds happy meal. Sorry.

I took the liberty of creating my own campaign to Free Lindsay Lohan. There can be no justice in the world until Lindsay Lohan walks free!