Individual Economists

Too Young For TikTok, Old Enough To Vote?

Zero Hedge -

Too Young For TikTok, Old Enough To Vote?

Authored by Clive Pinder via DailySceptic.org,

There are few sights more comic than a modern minister pretending to be the stern parent of the nation.

We know the routine. The concerned expression. The voice lowered half an octave. The carefully arranged background of flags, earnest young people and laminated safeguarding jargon. Then comes the announcement. The government is going to protect children online.

At which point every parent in the country is expected to breathe a sigh of relief, put down the gin and thank the Department for Being Sensible on Our Behalf.

This would be comic enough at any time. It is even better when the Government now proposing to supervise teenagers online gives the impression of being unable to supervise itself. Sir Keir Starmer wants to childproof the internet while presiding over a state that cannot produce a defence policy that convinces its own side, let alone our allies or enemies.

Still, never mind the Russian threat. Has anyone thought about Chloe scrolling Instagram?

To be fair, there is a problem. Social media is not exactly a moral health spa. Much of it resembles a Victorian freak show redesigned by behavioural psychologists and funded by advertising executives. It is addictive, vain, cruel, stupid and often deranging. The idea that a 14 year-old girl with a smartphone is simply exercising ‘choice’ while being stalked by an algorithm designed to exploit insecurity is absurd.

So no, this is not a libertarian hymn to TikTok.

The problem is not that politicians worry about the effect of social media on young people. The problem is that they worry about it selectively.

The same political class that increasingly tells us young people must be protected from online manipulation is also very keen to tell us that those same young people are mature enough to vote.

This is where the argument begins to wobble like a drunk on a paddleboard.

Apparently, a teenager may not have the judgement to scroll through Instagram without state supervision, but does have the judgement to help choose the next government.

This is not a principle. It is a convenience.

Defenders of the idea will say social media and voting are entirely different activities. One involves psychological harm. The other involves civic empowerment.

Up to a point. But both depend on the same basic faculties. Judgement, emotional maturity, resistance to manipulation, the ability to process information and some capacity to distinguish truth from nonsense.

These are precisely the faculties politicians tell us young people lack when the topic is social media. Yet they mysteriously reappear when the topic is extending the franchise.

If a 16 year-old is too impressionable to cope with Andrew Tate videos, dieting influencers or Chinese-owned dopamine dispensers, why is he or she suddenly immune to political propaganda?

Modern electioneering is not a seminar in constitutional philosophy. It is organised emotional manipulation. It uses fear, flattery, identity, resentment, slogans and carefully tested nonsense. It promises free things that are not free. It manufactures panic. It tells voters that unless they vote correctly, the planet will boil, fascism will return, public services will collapse and everyone decent will suffer.

But this, apparently, is citizenship.

The difference is not that social media manipulates while politics enlightens. The difference is that one form of manipulation sits outside the control of approved institutions. The other benefits them.

That is the real story.

The modern state has developed an elastic theory of childhood. Young people are treated as children when the state wants more power over families, technology, schools or speech. They are treated as adults when the state wants their votes, their assent or their moral authority.

Too young to smoke. Too young to drink. Too young to rent a car. Too young, increasingly, to open an app without the digital equivalent of a permission slip.

Yet old enough to help determine who runs the country.

Parents have been quietly demoted in this arrangement. A mother and father may apparently lack the wisdom to decide how their child uses a phone. Yet that same child, guided by teachers, activists, celebrities and taxpayer-funded campaigns, is expected to make profound democratic choices.

The absurdity is not hard to spot. It merely requires the increasingly unfashionable skill of noticing.

This is not an argument that teenagers are stupid. Many are thoughtful, curious and better informed than adults who spend their evenings shouting at the television. Nor is it an argument that all social media regulation is wrong. Some of it may be necessary, particularly where very young children are concerned.

It is an argument for coherence.

Parliament cannot say young people need protection from algorithms then invite them to swim in the sewage works of political campaigning and call it citizenship.

It cannot claim to defend autonomy while constantly transferring authority from families to bureaucracies.

This is the contradiction at the heart modern government. It does not want young people to grow up. It wants them managed, mobilised and morally useful.

So by all means let us have a serious debate about children, screens and harm. Let us talk about addiction, anxiety, pornography, bullying, parental responsibility and the tech companies that have turned childhood attention into a commodity.

But let us also drop the pretence.

A government that does not trust teenagers or their parents to navigate social media cannot then turn around and declare those same teenagers mature enough to help govern the nation.

That is not democracy.

It is babysitting with a ballot box.

Tyler Durden Thu, 06/18/2026 - 05:00

Barnacle Scrapers Cash In As Persian Gulf Shipping Bottleneck Eases

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Barnacle Scrapers Cash In As Persian Gulf Shipping Bottleneck Eases

Demand for commercial divers who clean ship hulls has surged as vessels stranded in the Persian Gulf prepare to leave following a tentative US-Iran peace agreement reopening the Strait of Hormuz, according to Bloomberg.

According to Captain Manandeep Singh Kukreja of Prominence Shipping Services, requests for hull-cleaning crews have increased more than 30-fold since the announcement. Fees for cleaning a single vessel could rise up to 60%, from about $5,000 to $8,000.

Bloomberg reports that around 600 ships remain stuck in the Gulf after more than three months of disruption. Many have accumulated algae, slime, and barnacles, which can prevent entry into ports due to invasive-species concerns.

“The next 30 days, it’s going to be like striking gold for diving companies,” Kukreja said. “Everyone wants to get out of Hormuz and get back to earning money.”

“They’re going to make the best out of this opportunity. It’s a no-brainer that they will hike their prices.”

Cleaning needs vary by vessel. Some ships require only light slime removal, while others need extensive barnacle scraping after months in the warm Gulf waters.

The surge in demand for hull-cleaning crews reflects the broader disruption caused by months of conflict around the Strait of Hormuz, one of the world's most important energy chokepoints.

Since fighting erupted in late February, hundreds of vessels have been stranded in the Persian Gulf, disrupting oil shipments, driving up shipping and insurance costs, and creating the largest interruption to global energy flows in decades. As a tentative peace deal raises hopes that traffic can resume, shipowners are racing to prepare vessels for departure, underscoring the scale of the operational and financial fallout from more than three months of turmoil in the region.

Tyler Durden Thu, 06/18/2026 - 04:15

Poland Moves To Tax Fuel Windfalls Earned During Iran War

Zero Hedge -

Poland Moves To Tax Fuel Windfalls Earned During Iran War

Authored by Michael Kern via OilPrice.com,

Poland's government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs.

The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty $1.1 billion.

Under the proposal, excess profits would be calculated using fuel sales margins that exceed a company's average 2025 margin by more than 20%, reflecting profits from an extraordinary geopolitical supply shock instead of improved business performance.

"Exceptional economic and geopolitical conditions" created unusually high profits across parts of the fuel sector while imposing significant costs on the state budget, the Finance Ministry said in a statement carried by Polish news outlets.

State-controlled energy giant Orlen is expected to bear the largest share of the tax burden, accounting for roughly 60% of the projected tax base according to the government's impact assessment.

The proposal follows months of emergency measures introduced by Warsaw to shield households and businesses from soaring fuel prices. Poland temporarily reduced VAT and excise duties on fuels and imposed price controls designed to ensure consumers benefited from the tax cuts. According to government estimates, the fuel excise reduction and reduced VAT collections cost Poland around $435 million a month.

The measure still faces political hurdles, though. Tusk's coalition controls parliament; however, the legislation must also be signed by President Karol Nawrocki, an opposition ally who has repeatedly blocked government fiscal initiatives.

The government initially proposed a 75% windfall tax before reducing the rate to 60% following consultations with industry groups, which warned that the original proposal would have pushed the effective tax burden on some companies to nearly 94%.

Tyler Durden Thu, 06/18/2026 - 02:45

Germany's Anti-immigration AfD Party Jumps To Record 9-Point Lead Over CDU In Latest Poll

Zero Hedge -

Germany's Anti-immigration AfD Party Jumps To Record 9-Point Lead Over CDU In Latest Poll

Via Remix News,

The Alternative for Germany (AfD) continues to run away from its main rival, the Christian Democratic Union (CDU) and its sister party, the Christian Socialist Union (CSU) in a new poll, which shows the AfD nine points ahead.

The AfD achieved a new record in the current YouGov poll, reaching 29 percent, while the CDU/CSU and SPD have hit all-time lows. The results are expected to pile on the pressure on a governing coalition the German public increasingly despises.

In the YouGov poll, CDU/CSU achieves 20 percent of the vote and SPD earns 12 percent. The Union parties have never been worse in a YouGov poll.

However, the Greens at 14 percent and the Left Party at 12 percent are making slight gains.

The FDP is also gaining ground, reaching 5 percent for the first time in a year and a half after a new chairman was elected, Wolfgang Kubicki.

The results for the CDU in particular are bound to spark further turmoil in the party, with some members perhaps even eyeing a future coalition with the AfD, a move that has been soundly rejected by CDU leadership. In particular, Chancellor Friedrich Merz has vowed to never work with the party.

The conundrum for the CDU remains that the party is forced to build coalitions with predominately left-wing parties like the Greens, the SPD, and even the Left Party, through its firewall against the AfD. The resulting politics have left CDU voters increasingly unhappy with the results, but remarkably, about half of CDU voters also reject a coalition with the AfD.

Majority of Germans reject politicizing the World Cup

YouGov also found that a majority of Germans do not want the World Cup politicized. The German national team has a history of taking a “woke” stance in the last two World Cups, but the German team was eventually humiliated in each tournament, failing to advance past the preliminary round in both World Cups.

However, Germans soundly reject politics in football, with 65 percent of respondents saying they want the World Cup and politics to be strictly separated. AfD voters (82 percent) and CDU/CSU voters (74 percent) are especially in favor of this position. More than half of SPD voters at 55 percent also share this view.

However, those on the more extreme left, back politics in football, like the Left Party (41 percent) and the Greens (34 percent).

Read more here...

Tyler Durden Thu, 06/18/2026 - 02:00

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