The jury is still out on which of two things — COVID-19 or the panic over COVID-19 — will cost more lives and do more damage to the global economy. My money’s still on the latter. In the meantime, I’ve developed a surefire, Groundhog Day type test for whether the emergency is over: Watch for Nobel laureate economist and New York Times columnist Paul Krugman to start trying to convince us it was, all in all, actually a GOOD thing.
Tag: nuclear
If the Only Way You Can Get Your Great Idea Implemented…
Economics textbooks are full of clever-and-appealing policy proposals. Proposals like: “Let’s redistribute money to the desperately poor” and “Let’s tax goods with negative externalities.” They’re so clever and so appealing that it’s hard to understand how any smart, well-meaning person could demur. When you look at the real world, though, you see something strange: Almost no one actually pushes for the textbooks’ clever-and-appealing policy proposals.
Trump versus Iran: Power Doesn’t Just Corrupt, it Deludes
The claim of such absolute power has been the tacit US doctrine of foreign relations since at least as far back as the end of World War Two. America emerged from that war as the world’s sole nuclear power and, unlike other combatant countries, with its wealth virtually unscathed and its industrial capacity increased rather than demolished. Its rulers saw themselves as able, and entitled, to dictate terms to almost everyone, on almost everything.
Every One of Your Actions Sets a Precedent
I wonder whether scientists like Albert Einstein and Robert Oppenheimer had any inkling in their youth that their work in physics would one day be used to produce nuclear weapons.
The Roots of Inertia
Why don’t low-skilled workers try harder to better their condition? While this might seem a neoliberal question, it weighs on Barbara Ehrenreich’s mind: I was baffled, initially, by what seemed like a certain lack of get-up-and-go on the part of my fellow workers. Why didn’t they just leave for a better-paying job, as I did when […]
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The Great Successor: Inside North Korea
I highly recommend Anna Fifield’s The Great Successor. It’s full of information about not only the life of Kim Jong Un, but what’s happened inside North Korea since his ascent to the Red Throne. Most readers will be shocked by her description of the North Korean hell-state, but that’s all old hat to me.
Trump and Netanyahu: “Mutual Defense” or Just Mutual Political Back-Scratching?
On September 14, US president Donald Trump tweeted (of course) the suggestion of a US-Israel “Mutual Defense Treaty,” citing a call with Israeli prime minister Benjamin Netanyahu. Hopefully there’s less going on here than meets the eye: The tweet may just be another mutual publicity back-scratch of the type Trump and Netanyahu frequently exchange when they find themselves in political pickles. And Netanyahu is likely in the biggest such pickle of his career.
War in All But Name as US State Department Offers Bribes to Pirates
If at first you don’t succeed, spread some money around. The Financial Times reports that the US State Department is offering cash bribes to captains of Iranian ships if they sail those ships into ports where the US government can seize them.
Asymmetrical Warfare and 4GW: How Militia Groups are America’s Domestic Viet Cong
When one discusses the real reason for the Second Amendment – the right of citizens to defend themselves against a potentially tyrannical government – inevitably someone points out the stark difference in firepower between a guerrilla uprising in the United States and the United States government itself.
North Korea Nuclear Freeze? Finally, a Realistic Proposal
As President Donald Trump met with Supreme Leader Kim Jong-un for the third time at the end of June — becoming the first sitting US president to visit North Korea — the New York Times ran a piece suggesting the appearance of a new option on the proverbial table: A negotiated “nuclear freeze” rather than just another cycle of fruitless US demands for “de-nuclearization.”