Theme: Crisis

  • CHINA You know, I tend to look at really boring things like demographics, educat

    http://www.telegraph.co.uk/finance/comment/10044456/China-may-not-overtake-America-this-century-after-all.htmlON CHINA

    You know, I tend to look at really boring things like demographics, education, cultural values (Trust, Truth, Corruption), and the complexity of the products produced rather than the high variability of financial activity. Most of this stuff falls into the long wave hypothesis, which in my opinion is a variation on the Generations hypothesis.

    That’s why I was right about china’s growth path even though I was wrong about how long that they could hold it together. I said 2010, but clearly I didn’t understand their ability to keep pumping money into the economy well enough. Or maybe I misunderstood the value of china as a safer-haven during the crisis. I don’t know. The medium term isn’t my specialty – the long term is.

    That said, there is no way china gets out of the middle income trap. Velocity is impressive, and I certainly understand what they’re trying to do. But no way. Too many other problems.

    But maybe I should hedge that a bit. Sure, there is no way that they avoid having the middle income problem. That isn’t to say that unlike other smaller countries with less control, that they can’t work out of it with levers that most other countries couldn’t use.

    Authoritarian governments can (a) force literacy (b) force spending into the economy and even (c) control birth rates. They can also (d) brutally crack down on corruption, (e) totally destroy the oligarchs without also tearing the country apart. What I don’t want to see them to is what most countries with less control might do (f) externalize the internal conflict through aggressive military expansion. Russia for example, cannot fix its military culture, or its alcohol culture, despite the fact that they’re closely related.

    India can’t do it because india lacks the central power structure to overcome corruption – the red army is always there and happy to use its power. In india they dont’ have that power, and have to achieve it organically – and slowly, if at all. (I wish our army was as dedicated to the constitution as it is to the idea of civilian leadership. The army is more reliable than the courts.)

    I’m just as impressed with recent data as everyone else is. But I don’t have a handle on the state of affairs well enough to look for contrarian positions. And I’m pretty skeptical that we have enough momentum to insulate ourselves from other possible shocks. (Although, those of us who have been studying international politics long enough probably realize that the speed of communication and information


    Source date (UTC): 2013-05-09 09:22:00 UTC

  • Untitled

    http://cnsnews.com/blog/gregory-gwyn-williams-jr/poll-29-registered-voters-believe-armed-revolution-might-be-necessaryhttp://cnsnews.com/blog/gregory-gwyn-williams-jr/poll-29-registered-voters-believe-armed-revolution-might-be-necessary


    Source date (UTC): 2013-05-08 15:57:00 UTC

  • LOVE KONDRATIEV CYCLES: A great post by Helio Beltrão (Use google translate if y

    http://opontobase.com.br/kondratiev-a-irresistivel-forca-gravitacional-dos-ciclos-longos/I LOVE KONDRATIEV CYCLES:

    A great post by Helio Beltrão (Use google translate if you need to. It will do a fair job.)


    Source date (UTC): 2013-04-30 07:55:00 UTC

  • BALACE OF POWERS, EMPIRE, AND HEGEMONY America is a domestic empire prosecuting

    http://www.stratfor.com/weekly/anarchy-and-hegemonyANARCHY, BALACE OF POWERS, EMPIRE, AND HEGEMONY

    America is a domestic empire prosecuting coastal tyranny, cultural war, and genocide against the agrarian interior, and America is an international hegemony in power largely because it is cheap and easy to have America in power. And america IS in power, because everyone else (largely) WANTS it to be. (Certain oil producing minorities which America prohibits from forming a cartel are the exception.)

    As I’ve stated before (and generated a lot of comments) Americans finance the military through the export of debt which is then inflated away. For this service, americans have a higher standard of living and gain preferential status in world trade negotiations, not the least of which is because the USA determines the terms by which world trade is conducted.

    I would argue, that it would be just fine with me if we separated out Washington DC as a separate ‘nation’, and let it fulfill the hegemonic duties that it does, while returning power to the regions or states so that we may persist our local cultures and preferences without the imposition of coastal tyranny.

    You can undermine a bureaucracy, or you can promote it. I’m of the opinion that promoting washington is easier than shutting it down. And the world will happily shut it down for us over time. Meanwhile each region of the country is free to trade and behave as it sees fit without the dictatorship of the coasts.

    Think about that a bit.


    Source date (UTC): 2013-04-25 07:18:00 UTC

  • What Will Come After Democracy?

    Some of us have been working on this problem for a very long time. Ever since we realized that democracy (universal enfranchisement without demonstrated merit) was simply the slow road to totalitarianism.

    The arguments vary from increasing totalitarianism (most likely) to American dissolution (most beneficial) to direct monetary democracy( you vote your money to what you want without a corruptible middleman that we call a politician) to a market system where the government is merely constitutional and insurance companies are who we rely upon.  There are many different permutations.  However, most of us believe that the only possible venue will be totalitarianism and civil war, since it is impossible to get people to agree on a new system unless under threat of chaos.

    https://www.quora.com/What-will-come-after-democracy

  • DID YOU NOTICE… That Americans are starting to look like Brits? Traipsing arou

    DID YOU NOTICE…

    That Americans are starting to look like Brits? Traipsing around the world as if the empire still existed, had influence… living off past glory?

    Before we were just wealthy well intentioned hicks.

    Now we’re declining bullying rabble.


    Source date (UTC): 2013-04-07 13:25:00 UTC

  • In A Hundred Years Time, What Do You Think People Will Consider To Be The Great Moral Failure Of Our Era? For The Purposes Of This Question, Let Us Define ‘our Era’ As 2000-2013.

    I WILL TRY TO GIVE  YOU A BETTER ANSWER

    1) Hayek argued that the 20th centuries and its wars would be remembered as an era of mysticism ushered in by Marx and Freud, culminating in the reliigon of Postmodernism (liberalism) – the most recent incarnation of Zoroastrianism – saying false things repeatedly in order to achieve one’s ends.  We have been fighting against this religion in science and technology for a few decades now, and this misdirection, starting in the 60’s and achieving it’s heights in the 1970’s, has consumed much of the research time in academia.

    2) it appears that this battle has resulted in a considerable number of insights into technology.  But, as our economy crumbles from having consumed the last wave of technological innovation (information technology), progress on research and development continues.

    3) The wildcard is the great upheavals that will happen in the world as western technological superiority for the past 500 years is neutralized by the adoption of consumer capitalism worldwide, and inexpensive labor in previously unindustrialized countries, lowers the RELATIVE advantage of western countries.  THe primary advantage the northern european countries had, as did the anglo countires founded by the british empire, was that the high trust society of the out-bred families (nation as a family) created a homogenous enough culture that this commercial trust could create extraordinary competitive organizations.  I suspect that the cultures that come to dominate these areas will not perpetuate the high trust society and the nuclear family for cultural reasons, and that the continued decline in the nuclear family will do the same. So that the only material cultural advantage of the west will be lost.

    4) The reason you cannot judge moral consequences in the future is that morality is a product of the reproductive strategy of people at later times, under later technologies, using later political organizations, and they tend to demonize things that are convenient, not true.  For example, aristocracy and manorialism were very important to western development  as was the church.  WIthout these institutions we could not have achieved our technical advantage over the rest of the world.  We demonized the monarchies in order to sieze power.  But there is very little evidence that supports any of our claims about victorian industrial evils or evils of kings and princes. In fact, the evidence is pretty much the other direction.  SO if we demonize things that were good, and we still admire things that aer terribly evil (socialism and communism) then why should we thing that there is a rational basis for future moral contrivances, other than whatever convenience suits their cause at the time?

    Hopefully this provides some thought and context. I suspect hayek will be correct amongst intellectuals if he is remembered for it.  Otherwise, it is just as likely that they will think were are stupid for our form of social security instead of the singaporean – for purely logical reasons.   Why didn’t we adopt the singaporean model of social security?  It might be that they accuse us of doing it for relgious reasons – and they would be right.

    https://www.quora.com/In-a-hundred-years-time-what-do-you-think-people-will-consider-to-be-the-great-moral-failure-of-our-era-For-the-purposes-of-this-question-let-us-define-our-era-as-2000-2013

  • Values And Principles: Has The Fact That The Us Has Never Apologized To The Innocent People It Has Imprisoned And Tortured Affected Our Society?

    What has affected our society was the world wars, and our loss of self confidence that resulted from it.  Our civilization has spent time, treasure and blood to drag the rest of humanity kicking and screaming out of universal ignorance, mysticism and endemic poverty. And we are still dragging the one primitive civilization remaining, kicking and screaming, out of ignorance and poverty.

    Why havent the communists apologized for murdering 100 Million people in the last century?  Why haven’t the socialists apologized for the suffering they caused? Why hasn’t the rest of the world created ‘Western Civilization Appreciation Day” for saving them from disease, hunger, murder, ignorance and mysticism?

    I don’t know.  But that is what has affected our society. That is its malaise.

    https://www.quora.com/Values-and-Principles-Has-the-fact-that-the-US-has-never-apologized-to-the-innocent-people-it-has-imprisoned-and-tortured-affected-our-society

  • THE FAILURE OF SOCIALISM IN THEORY AND PRACTICE “Postmodernism is the academic f

    THE FAILURE OF SOCIALISM IN THEORY AND PRACTICE

    “Postmodernism is the academic far Left’s epistemological strategy for responding to the crisis caused by the failures of socialism in theory and in practice. “

    Hicks, Stephen R. C. (2010-10-19). Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault (Kindle Locations 2183-2185). Ockham’s Razor Publishing / Scholargy. Kindle Edition.


    Source date (UTC): 2013-03-30 07:59:00 UTC

  • ON HOW DEBT CREATES FRAGILITY

    http://reason.com/archives/2013/03/24/how-debt-ruins-systemsTALEB ON HOW DEBT CREATES FRAGILITY


    Source date (UTC): 2013-03-24 10:06:00 UTC