Donal: Is Occupy Over?
Ramona's Piece de la Resistance (Including Pics of Obama, Romney, FDR)
dagblog To Give Away Logoed Hairshirt To Most Effective Lamenter Of Left's Ineptitude
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Donal: Is Occupy Over? Ramona's Piece de la Resistance (Including Pics of Obama, Romney, FDR) dagblog To Give Away Logoed Hairshirt To Most Effective Lamenter Of Left's Ineptitude |
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And : "Free trade agreements are licenses to engage in what used to be called "Labor Racketeering" Give the 6 month notice. Likewise notify the wto that we are out the door " Jolly Roger, in a comment to SleepinJeezus' blog today, "The failure of a thirty year experiment."
It's intuitively convincing, but in my particular case, FWIW supported by observations from the 20 years of my career which I spent in international business, usually living abroad, that John Maynard and Jolly Roger, are right.
In Keynes' case the quote was not a casual comment, assuming he ever made one, but, in testimony to a Depression Parliament, his formal renunciation of a position he'd brilliantly defended for 30 years. Then followed by his Finlay Lecture in Dublin.
Even if there is a respectable argument that free trade might benefit the world as a whole, that argument contains an unspoken qualilfier "of course things will be worse for the US, sorry about that, but it'll be great for Bangalore."
Uniquely, this country's spread over an entire continent and importantly over all the climate zones that matter (Canada's big too, but doesn't grow avacados), which means that if the rest of the Earth ceased trading with us tomorrow we could maintain our standard of living. And of course, that is not in prospect. Behind our tariff wall we could consider exceptions if we found we could not exist without, say, coconuts.
Future economically literate historians will shake their heads in wonderment that we chose to deprive ourselves of this privileged position by requiring a pattern maker in Utica to compete with the output of the most recent reservoir of starving workers located by the Free Market .
Madness.
And spare me, Tom Friedman, the illusory prospect we can live by wits alone. Ultimately the ideas come from where things are made. It'll take a while but the rest of the world will have no more need for our management consultants than it does now for our call center operators.
The thing about tariffs is-they do the trick.
Perceptive Dagblog readers know the difference between Obama, Romney and Bush:
Obama NYT today: .how President Obama’s thinking about what he once called “a war of necessity” began to radically change less than a year after he took up residency in the White House....The aide told Mr. Obama that he believed military leaders had agreed to the tight schedule to begin withdrawing those troops just 18 months later only because they thought they could persuade an inexperienced president to grant more time if they demanded it. “Well,” Mr. Obama responded that day, “I’m not going to give them more time.”...Mr. Obama concluded in his first year that the Bush-era dream of remaking Afghanistan was a fantasy...
Mitt Romney, Feb. 2012 : LAS VEGAS -- LAS VEGAS -- Republican presidential candidate Mitt Romney on Wednesday night blasted President Obama and his administration for “putting in jeopardy” the nation’s military mission by signaling it hopes to end its combat mission in Afghanistan by the middle of 2013.
Appearing at a campaign rally here shortly after landing in Nevada, Romney said Defense Secretary Leon E. Panetta’s statement Wednesday that U.S. forces would transition from a combat mission in Afghanistan next year “makes absolutely no sense.”....
George W. Bush, from May, 2003: BBC - "We do not know the day of final victory, but we have seen the turning of the tide... Free nations will press on to victory,"
Bush Afghanistan strategy : Gen. Douglas E. Lute, who had spent the last two years of the Bush administration trying to manage the many trade-offs necessary as the Iraq war consumed troop and intelligence resources needed in Afghanistan, arrived with a PowerPoint presentation. The first slide that General Lute threw onto the screen caught the eye of Thomas E. Donilon, later President Obama’s national security adviser. “It said we do not have a strategy in Afghanistan that you can articulate or achieve,” Mr. Donilon recalled three years later. “We had been at war for eight years, and no one could explain the strategy.”
Mitt Romney isn’t very far into the vice presidential selection process. But according to a dedicated band of conspiracy theorists, the pick is all but a lock: Sen. Marco Rubio.
That’s the current thinking among a worldwide collection of activists who are obsessed with the secretive Bilderberg Group, an alternating roster of global power players who loom as large — if not larger — in the online fever swamps of the fringe as the Trilateral Commission or the Council on Foreign Relations.
Read more: http://www.politico.com/news/stories/0512/76518.html#ixzz1vN5egowz
Aristotle and Plato didn’t agree on much, but they were united in identifying wonder as the origin of their profession. As Aristotle said, “It is owing to their wonder that men . . . first began to philosophise.” This idea appeals to scientists, who frequently enlist wonder as a goad to inquiry. “I think everyone in every culture has felt a sense of awe and wonder looking at the sky,” wrote Carl Sagan in 1985, locating in this response the stirrings of a Copernican desire to know who and where we are.
Yet that is not the only direction in which wonder may take us. To Thomas Carlyle, wonder sits at the beginning not of science, but of religion. That is the central tension in forging an alliance of wonder with science: will it make us curious, or induce us to prostrate ourselves in pitiful ignorance? We had better get to grips with this question before we too hastily appropriate wonder to sell science. That is surely what is going on when pictures from the Hubble Space Telescope are (unconsciously?) cropped and coloured to recall the sublime iconography of Romantic landscape painting, or the Human Genome Project is wrapped in biblical rhetoric, or the Large Hadron Collider’s proton-smashing is depicted as “replaying the moment of creation”. The point is not that such things are deceitful or improper, but that if we want to take that path, we should first consider the complex evolution of the relation between science and wonder.
[....]
Pretending that science is performed by people who have undergone a Baconian purification of the emotions only deepens the danger that it will seem alien and odd to outsiders, something carried out by people who do not think as they do. Daston believes that we have inherited a “view of intelligence as neatly detached from emotional, moral and aesthetic impulses, and a related and coeval view of scientific objectivity that brand[s] such impulses as contaminants”. It is easy to understand the historical origins of this attitude: the need to distinguish science from credulous “enthusiasm”, to develop an authoritative voice, to strip away the pretensions of the mystical Renaissance magus who acquired knowledge through personal revelation. We no longer need these defences, however; worse, they become a defensive reflex that exposes scientists to the caricature of the emotionally constipated boffin, hiding within thickets of jargon.
... We’re trying to harness photosynthesis. A key part of photosynthesis is what happens when the sun goes down. Cells convert CO2 into sugar and fat molecules. And they store the fat to burn as energy to get them through the night ... We’re trying to coax our synthetic cells to ... store far more fat than they actually were designed to do, so that we can harness it all as an energy source and use it to create gasoline, diesel fuel, and jet fuel straight from carbon dioxide and sunlight. This would shift the carbon equation so we’re recycling CO2 instead of taking new carbon out of the ground and creating still more CO2. But it has to be done on a massive scale to have any real impact on the amount of CO2 we’re putting into the atmosphere, let alone recovering from the atmosphere.
... We envision facilities the size of San Francisco. And 10 or 15 of those in this country. We need sunlight, seawater, and non-agricultural land, but you need a lot of photons to drive this. You need a lot of surface area of sunlight to do that. It’s a great use for Arizona. Lots of sunlight there.
... If we can’t get some key scientific breakthroughs within the next couple of years, it probably won’t happen in 10 years. So it’s something that’s really dependent on fundamental science. But we’re already able to do things that were once seen as impossible.
... I think the new anti-intellectualism that’s showing up in politics today is a symptom of our not discussing these issues enough. We don’t discuss how our society is now 100 percent dependent on science for its future. We need new scientific breakthroughs—sometimes to overcome the scientific breakthroughs of the past. A hundred years ago oil sounded like a great discovery. You could burn it and run engines off it. I don’t think anybody anticipated that it would actually change the atmosphere of our planet. Because of that we have to come up with new approaches. We just passed the 7 billion population mark. In 12 years, we’re going to reach 8 billion. If we let things run their natural course, we’ll have massive pandemics, people starving. Without science I don’t see much hope for humanity.
Then as innovative hobo's, we need to go into self preservation mode
Google
Maynard Keynes: an economist's biography By Donald Edward Moggridge
Page 513
Flavious I think your link at the top is not working
Thanks for the comment on the link - but I'm puzzled because I didn't actually include a link.
I took your comment to perhaps apply to my citing Jolly Roger so I edited my blog to identify where you can find his position on tariffs.
Flavious, did you reedit this blog, after I gave the book title. Because I can no longer find the original abstract?
If you did You must have had some key words I cut and pasted onto google search
First let's hear from those two sages.
Keynes: : "most .....production..can be performed in most countries with almost equal efficiency.....let goods be homespun"
Me: there's no "benefit of free trade" and " more productivity" when offshoring to take advantage of Xeniastan's lower labor rates(-until the revolution morphs it into the People's Republic of Xeniastan and it starts importing yellow cake for its w.m.d's).. .Resources are consumed in initial set up , training and subsequent learning curve-then the contra- productivity need for continuing transportation. .
But even if we assume the magical case of equal productivity in the People's Republic ,from a pie remaining the same size , a bigger slice is consumed there..
I'm not suggesting we should try to grow coconuts . Just continue to do those things where there's no productivity gain from offshoring.. Which is most things.
Let goods be homespun
Common sense should tell us Homespun is a better model.
Even as the world is searching for ways to get food to market, The population is finding out the local market should have been supported.
You want clothes, well we'll order it. You want shoes we'll order it. You want food we'll have to ship it in.
What happens if there is a disruption. No shoes, no clothes, no food.
I suppose the government has a contingency plan?
Innovative hobos will survive?
Thanks. Going back to your earlier comment , can I google just page 513? And with both comments should I take innovative hobos literally- the term makes sense that way- or is it a reference. I see obey used it a couple of days ago in a comment re the SOTU.
Obey as far as I know coined the term, and it was good one
Here is the originating comment, in context.
No, I believe I scrolled to page 513 after I googled the lnk
When I put the link on this post, it extended across the page to latest comments.
Keynes made his remarks when the U.S. debt was not financed by a whole array of foreign investors who would purée our capital if we closed our market to them.
A price control scheme would certainly encourage local production but would also make everything more expensive very quickly. It would piss off a lot less people if we developed more demand for what is made here.
If we cannot compete in a certain market, investment in unmet demand is the only way to rollover available cash to new enterprises.
Keynes made his remarks when the U.S. debt was not financed by a whole array of foreign investors who would purée our capital if we closed our market to them.
Very likely you're right altho very likely we could locate experts anxious to vigorously defend the opposing position. .
My aim was/is to suggest what we ought to do rather than what we can. Seemed useful given that it's only nine years since Greenspan vigorously defended the proposed Bush tax cuts to forestall the impending market distortion when the Treasury parked the dread fiscal surplus in corporate securities .
Whew , that was a narrow escape!.
A close shave, indeed. Imagine the chaos on our hands if the Feds had all that money now. Things may be rough but we have been spared that calamity.
Your reminder of Greenspan's logic suggests to me that the monetary wrangling going on now is the equivalent of employing tariffs to level prices.
Great case for tariffs. Here is something to add to it in case you don't already have it.
Are current free trade ideas and policies effectively undeclaring our independence?
[1] http://en.wikipedia.org/wiki/American_School_(economics)
[2] http://en.wikipedia.org/wiki/Report_on_Manufactures
I think they are ... pretty much by definition. Isn't the whole idea to foster economic interdependence (for better or worse)?
But the "independence" aspect might be sort of missing the forest for the trees (it should play really well in several right-leaning crowds, however ... so as rhetoric goes, it's a great arrow to have in the quiver! Thanks). Fact is, what we have been doing clearly isn't working. To me, that renders all the ancillary arguments for or against the ideas and policies kind of moot. If it obviously isn't working, why are we even considering sticking with it - let alone expanding it?
And though I know it doesn't really pertain to your point, it is worth noting that "free trade" and "free market" are not synonymous as far as ideas go.
Mu barak Obama needs to read this. Weren’t all of these issues raised in the SOTU?
Where is Barack Obama, on this issue?
Lets form an alliance with the Tea Party, on this issue.
It would be a win/win for all.
We’d probably break the back of the Clinton Democrats
Excerpts from The Report on Manufactures
“Hamilton reasoned that bounties (subsidies) to industry, which would rely on funds raised by moderate tariffs, would be the best means of growing manufacturing without decreasing supply or increasing prices of goods. Such encouragement through direct support would make American enterprise competitive and independent along with the nation as a whole. In part subsidies would be used to:
Was this in the …… SOTU?…..
Was this in the …… SOTU?….
The tariff
Was this in the …… SOTU?………No cuts in S.S. Financing for medicare
"These policies would not only promote the growth of manufacturing but provide diversified employment opportunities and promote immigration into the young United States. They would also expand the applications
Weren’t all of these issues raised in the SOTU? Will this not solve our deficit problem too?
Hamilton said it would