| Entry | Pageviews |
|---|---|
United States
|
22
|
Hong Kong
|
4
|
BOOMERBUSTER
OLD CELLO
Thursday, May 21, 2015
Wednesday, May 20, 2015
BILL MOYERS LAUDS PIKETTY'S BOOK
Real Econ TV is now touting Moyers' remarks on Piketty.
Krugman had cleared the way for these dilettantes, like Moyers.
I suggest you read my blog. Think convergence.
Piketty's book is all, and only, about divergence.
Krugman had cleared the way for these dilettantes, like Moyers.
I suggest you read my blog. Think convergence.
Piketty's book is all, and only, about divergence.
Monday, May 18, 2015
Sunday, May 17, 2015
THE CASANOVA HAND OF THE FREE PRESS
http://bozonbloggon.blogspot.com/2011/07/casanova-hand-of-free-press.html
Terms search Casanova
Terms search Casanova
IF I SEE ANOTHER MICKEY MOUSE ECONOMICS EQUATION
I'll puke.
One senses that Piketty too feels at times much the same way.
One senses that Piketty too feels at times much the same way.
RE PURGATIVE FOR PIKETTY'S DIVERGENCE DISCUSSION TRY STEINGART'S ACCOUNT OF CONVERGENCE
I recommend especially, if you have the stomach for it, his heart warming passage entitled "The Market's Iron Fist: Lower Wages or No Wages at All" p 136
You can tell your grandchildren that your boomer generation made it happen. It is a happening thing. (Although this is not, technically, true. The process had been going on back into the 19th Century, but really took off during and after WWI, Wilson, FDR, Anglo American Establishment, WWII gave it a decisive boost, etc etc.)
American liberals like to talk about it as a 1980, and after, thing.
Profoundly untrue.
You can tell your grandchildren that your boomer generation made it happen. It is a happening thing. (Although this is not, technically, true. The process had been going on back into the 19th Century, but really took off during and after WWI, Wilson, FDR, Anglo American Establishment, WWII gave it a decisive boost, etc etc.)
American liberals like to talk about it as a 1980, and after, thing.
Profoundly untrue.
RE PIKETTY GLOBALIZATION CONVERGENCE AVOIDANCE SMELL THE COFFEE GAME OVER
You can neither innovate, educate, nor progressively tax, your way out of globalization convergence.
Terms search: smell coffee, game over, offshoring, doomsday
Terms search: smell coffee, game over, offshoring, doomsday
RE PIKETTY CONVERGENCE MECHANICAL CATCH UP OF ONLY THE WEST AND JAPAN
"But it is also incontestable that the reason for this convergence is quite simple....."
This is the Achilles Heel, so to speak, in his account. p 510, 511.
This is the Achilles Heel, so to speak, in his account. p 510, 511.
RE STEINGART
Steingart has a passage p 163 echoing my remark, "Never in the history of human conflict...."
"BUSINESS EXECUTIVES ARE LOATH TO DISCUSS..."
"Never before in history has there been such a massive transfer of knowledge--without war or conquest-- from one social group to another"
"BUSINESS EXECUTIVES ARE LOATH TO DISCUSS..."
"Never before in history has there been such a massive transfer of knowledge--without war or conquest-- from one social group to another"
Saturday, May 16, 2015
RE DK CURRENT POST GREAT DISCUSSION
I would call this just muckraking's newer, even more cynical, market capitalist face, re Seymour Hersh:
"...Hersh's work, from 1969 until today, illustrates what has happened to the United States in the last half century. The Vietnam War convinced young Americans who had believed their country could do no wrong that it could do no right. It accelerated an attack on all institutional, intellectual and moral authority. The new generation, generation X, that grew up in that atmosphere, is even more cynical than its elders, and tens of millions of Americans now have no trust in government at all. And that, in turn, makes government impossible. That is the legacy of the new tradition of investigative reporting as an end in itself, not designed to uncover a specific abuse or serve the greater good. The American people have lost the capacity to tell a good military operation, or a good public official, from a bad one." DK
Terms search: Drew Pearson fallacy, fallacy, Lorch, Fountainhead
"...And that leads me to my broadest point: Hersh's insistence that the details of the killing had to be altered so as to absolve US soldiers and the US government of a charge of murder. I do not believe there was anything they needed to be absolved of. This was not murder, it was an act of war against a man who had carried on war against the United States and killed more than 3000 Americans. Taking him into custody would have given him an opportunity to speak publicly to the world, and would surely have provided a pretext for more terrorist attacks designed to free him...." DK
With this passage, I quite agree.
"...Hersh's work, from 1969 until today, illustrates what has happened to the United States in the last half century. The Vietnam War convinced young Americans who had believed their country could do no wrong that it could do no right. It accelerated an attack on all institutional, intellectual and moral authority. The new generation, generation X, that grew up in that atmosphere, is even more cynical than its elders, and tens of millions of Americans now have no trust in government at all. And that, in turn, makes government impossible. That is the legacy of the new tradition of investigative reporting as an end in itself, not designed to uncover a specific abuse or serve the greater good. The American people have lost the capacity to tell a good military operation, or a good public official, from a bad one." DK
Terms search: Drew Pearson fallacy, fallacy, Lorch, Fountainhead
"...And that leads me to my broadest point: Hersh's insistence that the details of the killing had to be altered so as to absolve US soldiers and the US government of a charge of murder. I do not believe there was anything they needed to be absolved of. This was not murder, it was an act of war against a man who had carried on war against the United States and killed more than 3000 Americans. Taking him into custody would have given him an opportunity to speak publicly to the world, and would surely have provided a pretext for more terrorist attacks designed to free him...." DK
With this passage, I quite agree.
Friday, May 15, 2015
RE FIAT CURRENCIES
"Paper money is poverty, it
is the ghost of money and not money itself." Thomas Jefferson
Thursday, May 14, 2015
Wednesday, May 13, 2015
WHATEVER ELSE STEINGART DOESN'T UNDERSTAND
For instance, he doesn't understand the necessity for colonialism, in an industrialized world, once it has been set in motion by one civilization. Cf. his discussion of British India.
At least he seems to understand the implications of convergence in such a world much better than Piketty, a utopian apologist for convergence while repudiating divergence under the same conditions.
At least he seems to understand the implications of convergence in such a world much better than Piketty, a utopian apologist for convergence while repudiating divergence under the same conditions.
Tuesday, May 12, 2015
DUSTY HOLDS UP BIG DATA
http://bozonbloggon.blogspot.com/2013/05/re-maverick-executive-holds-up-big-data.html
Monday, May 11, 2015
RE TALKING PIKETTY AND STEINGART VERY DIFFERENT MECHANICAL ECONOMIC OUTCOMES
In fairness to Piketty, he does at many places point out that there is nothing natural or spontaneous about certain economic phenomena re how shocks have been handled, etc., and that politics and other social sciences play a greater role than encompassed by mere economics. I was glad to see that he advocates a return to political economy.
Reconstruction was as little a mechanical, very long term, economic malaise, as The Marshall Plan was a very quick mechanical economic miracle.
The Morgenthau Plan for the South, the Marshall Plan for the Axis. All very mechanical.
Put differently, the North did to the South very much what the British did to India according to Steingart's lurid account. The big difference is that the South was part of the country whereas India was a colony.
Only a Western civ fool would do to its own South what Steingart claims the British did to India.
It's a Western Civ theme. Similarly for the Morgenthau Plan.
The West's plan should have included breaking up the Soviet Union in 1918.....and not thereafter boom anyone, anywhere else, you didn't have to boom, and were not prepared, later, if boomed, to confront militarily.
What Steingart says the British did to India should have been the standard going forward.
One needs to contrast Steingart's India passage with that of someone like Quigley, re Gandhi.
Reconstruction was as little a mechanical, very long term, economic malaise, as The Marshall Plan was a very quick mechanical economic miracle.
The Morgenthau Plan for the South, the Marshall Plan for the Axis. All very mechanical.
Put differently, the North did to the South very much what the British did to India according to Steingart's lurid account. The big difference is that the South was part of the country whereas India was a colony.
Only a Western civ fool would do to its own South what Steingart claims the British did to India.
It's a Western Civ theme. Similarly for the Morgenthau Plan.
The West's plan should have included breaking up the Soviet Union in 1918.....and not thereafter boom anyone, anywhere else, you didn't have to boom, and were not prepared, later, if boomed, to confront militarily.
What Steingart says the British did to India should have been the standard going forward.
One needs to contrast Steingart's India passage with that of someone like Quigley, re Gandhi.
RE SAUDI ARABIA IRAN
Is it that the US is playing three sides, or just blundering?
I prefer to think, based on past situations, that it is just blundering, but maybe there are elements of Soviet overture or activity, as in the past (WWII) in Iran, that forces a new awkward quadrille.
Terms search playing three sides
I prefer to think, based on past situations, that it is just blundering, but maybe there are elements of Soviet overture or activity, as in the past (WWII) in Iran, that forces a new awkward quadrille.
Terms search playing three sides
Subscribe to:
Posts (Atom)