Monthly Archives: January 2013

A wise man once counseled me to read the works of dead men. The views of Alexander Fraser Tytler (1747-1813) on democracy caught my attention this week. And viewed over the lens of time they are reasonable. Can you imagine that here in Europe or the USA there is hope of recovering from our economic condition without a seismic change in our societal structure? Lenin said, “give me the four year olds and in a generation I will give you a socialist state”. Welcome to your socialist state. I speak to people about their beliefs and ask where they get they their information. They are genuinely surprised to learn that their beliefs echo Marxist philosophy. We are living through seasons when people are reaping where they do not sow and wanting more of what others have in the name of fairness. Here’s Alex Tytler borrowed from his Wikipedia entry which I commend:

“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”


Doesn’t this photo magnificently capture our cultural narrative? This isn’t evolution it’s mevolution (sic).



My business is presenting the evidence:

To skirt around the fact that the evidence refutes Darwin’s theory of gradualism, some scientists have proposed their own theory: punctuated equilibrium. This theory, championed by Stephen Gould and others, proposes that evolution happened in rapid spurts (by some mysterious genetic mechanism) followed by long periods of stability. They suggest that species had to evolve quickly based on sudden changes in their environment, such as flood or drought.

There are a couple of problems with this theory as well. First, according to the website “Understanding Evolution”, which explains evolution to teachers, “factors in the environment…are not generally thought to influence the direction of mutation.” They state that experiments showed mutations “did not occur because the organism was placed in a situation where the mutation would be useful.” Again, mutations are completely random and not based on the environment. So if there is no evidence to show that mutations could cause creatures to evolve gradually over millions of years, why would we think they could somehow manage to evolve rapidly?

Second, there is nothing in the fossil record that would lead us to believe this was the case. Very conveniently for proponents of this theory, evolution supposedly occurred so quickly that there wasn’t time to leave any fossil evidence. I’m afraid the only thing actually evolving is their theory.

In his book Darwinism; The Refutation of a Myth, Swedish embryologist Soren Lovtrup writes, “I suppose that nobody will deny that it is a great misfortune if an entire branch of science becomes addicted to a false theory. But that is what has happened in biology…I believe that one day the Darwinian myth will be ranked the greatest deceit in the history of science.”

We need to be reminded that there is no evidence for human nature changing. Trust is built slowly and lost quickly at the personal as well as corporate level. When considering risk it’s worth bearing in mind historical context and the experiences of those that have proceeded us. Much like reading dead authors the advantage of listening to dead bankers is that their ideas have been tested.

Investment Manager Nigel Thomas reported that Lord Overstone, the revered Victorian banker, when testifying 150 years ago, and after the establishment of the Bank Charter Act of 1844, considered the state of trade can be divided into: “quiescence, improvement, growing confidence, prosperity, excitement, overtrading, convulsion, pressure, stagnation and distress ending again in quiescence.” Economists and politicians are wallowing in stagnation and distress, but many businesses are adapting to change and running their businesses differently. Commerce is dynamic never a stopped clock.