links for 2011-09-27

• Imperial by Design – John Mearsheimer
  By foolishly widening the scope of the terrorism problem, Washington has ended up picking fights with terrorist groups and countries that otherwise had no interest in attacking the United States, and in some cases were willing to help us thwart al-Qaeda.
  (tags: war neoconservatism iraq al_qaeda bush terrorism imperialism foreign_policy mearsheimer 9/11 ideology interventionism fear)
• Coming Apart: After 9/11 transfixed America, the country’s problems were left to rot – George Packer
  What were the American people to do in this vast new war? In his address to Congress on September 20, 2001—the speech that gave his most eloquent account of the meaning of September 11th—the President told Americans to live their lives, hug their children, uphold their values, participate in the economy, and pray for the victims. These quiet continuities were supposed to be reassuring, but instead they revealed the unreality that lay beneath his call to arms. Wasn’t there anything else? Should Americans enlist in the armed forces, join the foreign service, pay more taxes, do volunteer work, study foreign languages, travel to Muslim countries? No—just go on using their credit cards. Bush’s Presidency would emulate Woodrow Wilson’s and Warren G. Harding’s simultaneously. Never was the mismatch between the idea of the war and the war itself more apparent. Everything had changed, Bush announced, but not to worry—nothing would change.
  (tags: recommended george_packer 9/11 terrorism sacrifice bush war iraq deception usa neoconservative imperialism middle_east partisanship politics history)

links for 2011-09-26

• Financial leaders still searching for a new Bretton Woods – The Washington Post
  In a perfect world, the United States would have used the debt it accumulated for things that would strengthen the economy: factories, roads, airports and education to make citizens more productive. Then the adjustment period would be cushioned by the faster economic growth allowed.

  We didn’t. Instead we spent the money on houses in the exurbs of Sun Belt cities, on inefficient health care and consumer goods.

  (tags: economics history depression finance lessons world trade policy greed investment crisis)

links for 2011-09-25

• The Street Light: What Really Caused the Eurozone Crisis? (Part 1)
  The eurozone debt crisis is big enough that there's plenty of blame to go around, and some of it certainly should go to the crisis countries themselves. But it must also be recognized that as soon as those countries adopted the euro, powerful forces were set in motion that made a financial crisis likely, and very possibly unavoidable, no matter what the governments of the peripheral euro countries did. Irresponsible behavior by the periphery countries did not set the stage for the eurozone crisis; the common currency itself did.
  (tags: economics euro europe crisis debt deficit fiscal recommended currency government spending investment)

links for 2011-09-19

• Digging in, the essence of Netanyahu's foreign policy – Haaretz
  The years-long diplomatic effort to integrate Israel as an accepted neighbor in the Middle East collapsed this week, with the expulsion of the Israeli ambassadors from Ankara and Cairo, and the rushed evacuation of the embassy staff from Amman. This is the lowest point in Israeli foreign policy since the groundbreaking visit to Jerusalem by Egyptian President Anwar Sadat in 1977. The region is spewing out the Jewish state, which is increasingly shutting itself off behind fortified walls, under a leadership that refuses any change, movement or reform and is dealing with debacle after debacle.
  (tags: israel netanyahu neoconservatism palestine foreign_policy extremism leadership politics middle_east revolution negotiation compromise)

links for 2011-09-14

• After 9/11, Hate Begat Hate – Ahmed Rashid
  Pakistanis desperately need a new narrative — one that is honest about the mistakes their leaders have made and continue to make. But where is the leadership to tell this story as it should be told? The military gets away with its antiquated thinking because nobody is offering an alternative. And without one, nothing will improve for a long time, because the American and Pakistani governments are in a sense mirror images of each other. The Americans have allowed their military and C.I.A. to dominate Washington’s policy-making on Afghanistan and Pakistan, just as the Pakistani military and ISI dominate decision making in Islamabad.
  (tags: recommended pakistan afghanistan usa hatred military war paranoia extremism foreign_policy history imperialism bush 9/11)

links for 2011-09-13

• An Impeccable Disaster – Paul Krugman
  Listen to many European leaders — especially, but by no means only, the Germans — and you’d think that their continent’s troubles are a simple morality tale of debt and punishment: Governments borrowed too much, now they’re paying the price, and fiscal austerity is the only answer.
  (tags: paul_krugman economics europe euro currency finance austerity debt crisis banking ideology)
• The Bankruptcy Boys – Paul Krugman
  At this point, then, Republicans insist that the deficit must be eliminated, but they’re not willing either to raise taxes or to support cuts in any major government programs. And they’re not willing to participate in serious bipartisan discussions, either, because that might force them to explain their plan — and there isn’t any plan, except to regain power.
  (tags: paul_krugman economics budget entitlements spending deficit government cynicism deception extremism power)
• Goodbye to All That: Reflections of a GOP Operative Who Left the Cult – Mike Lofgren
  A couple of years ago, a Republican committee staff director told me candidly (and proudly) what the method was to all this obstruction and disruption. Should Republicans succeed in obstructing the Senate from doing its job, it would further lower Congress's generic favorability rating among the American people. By sabotaging the reputation of an institution of government, the party that is programmatically against government would come out the relative winner.
  (tags: politics usa conservatives extremism partisanship nihilism cynicism populism religion democracy propaganda hatred deception government corruption election recommended)
• Thomas Friedman On 'How America Fell Behind' : NPR
  "There's no question we've lost our way," Friedman tells NPR's Robert Siegel. "This problem started at the end of the Cold War. We made the biggest mistake a country and species can make: We misread our environment. We thought the Cold War was a victory and we could put our feet up. In fact, we had just unleashed … 2 billion people just like us; people with our same aspirations, same capabilities. And just when we needed to be lacing up our shoes and running faster, we put our feet up."
  …
  "We shifted from [the] greatest generation that really operated on what we call in the book 'sustainable values' — saving and investing — and we handed power over to the baby boomer generation who really lived by 'situational values' — borrow and consume," Friedman says. "The baby boomers, I believe, have a lot to answer for. They have not followed in the path of their parents in terms of making the hard decisions, making the long-term investments."
  (tags: thomas_friedman usa decline history economics values greed baby_boomers sacrifice credit crisis globalization partisanship competition)
• Good Jobs and Bad Jobs In A Down Economy | On Point
  Brutal unemployment and presidential politics have put not just jobs but wages – low wages – in the national spotlight. Texas governor and GOP presidential contender Rick Perry brags proudly about his state’s record on job creation. Holds Texas up as a model. But no state in the country has more low-wage workers than Texas.A job’s a job, Perry seems to say.

  It beats unemployment. But is this really where we’re headed as a country? Where we have to go? Lower wages? Can that be the answer?

  (tags: economics politics unemployment jobs inequality policy texas poverty education)

links for 2011-09-11

• The Optimism of Uncertainty | Howard Zinn
  Revolutionary change does not come as one cataclysmic moment (beware of such moments!) but as an endless succession of surprises, moving zigzag toward a more decent society. We don't have to engage in grand, heroic actions to participate in the process of change. Small acts, when multiplied by millions of people, can transform the world. Even when we don't "win," there is fun and fulfillment in the fact that we have been involved, with other good people, in something worthwhile. We need hope.
  (tags: optimism hope change revolution history wwii)
• George Packer: The Decade Since 9/11 | On Point
  The New Yorker’s George Packer is with us today. The 9/11 attacks were the biggest surprise in American history, he says. One of just three sets of attacks that provoked the United States into major war. 1861, the Civil War. 1941, the Second World War. They changed our political culture, he says.

  But after 9/11, says Packer, we’re stuck. Not changed –- yet.

  (tags: recommended cynicism partisanship politics history war bush terrorism patriotism iraq 9/11 usa crisis george_packer responsibility fear extremism ideology radio sacrifice lessons greed)
• The Whole Truth and Nothing But – Thomas Friedman
  We used the cold war to reach the moon and spawn new industries. We used 9/11 to create better body scanners and more T.S.A. agents. It will be remembered as one of the greatest lost opportunities of any presidency — ever.
  (tags: thomas_friedman 9/11 bush history war usa sacrifice decline fear hope progress)

links for 2011-09-06

• Day’s End – Frank Rich
  By portraying Afghanistan and Iraq as utterly cost-free to a credulous public, the Bush administration injected the cancer into the American body politic that threatens it today: If we don’t need new taxes to fight two wars, why do we need them for anything? But that’s only half the story in this alternative chronicle of the decade’s history. Even as the middle class was promised a free ride, those at the top were awarded a free pass—not just with historically low tax rates that compounded America’s rampant economic inequality but with lax supervision of their own fiscal misbehavior.
  (tags: politics terrorism 9/11 frank_rich history bush war iraq partisanship sacrifice crisis bailout finance accountability fraud greed usa)
• The Instability of Moderation – Paul Krugman
  If we’re living in a Dark Age of macroeconomics, central banks have been its monasteries, hoarding and studying the ancient texts lost to the rest of the world.
  (tags: krugman economics crisis policy history politics federal_reserve)
• Norway Has Advice For Libya – Planet Money
  With their current leader, Moammar Gadhafi, on the run, Libya needs to start thinking about its next big challenge — what to do with the massive amount of wealth they as a country possess in oil. It sounds strange to worry about a huge influx of money, but almost all countries that find oil suffer from the natural resource curse.

  There is, however, one notable exception — Norway.

  (tags: radio norway libya oil economics lessons government policy responsibility)
• Qaddafi’s hat: the lesson of Libya | the fifth wave
  Dictatorship must have seemed an eternal condition, like nature itself. This is what we, in the liberal West, must remember when we consider demonstration effects on the Libyan or Syrian public. The rule of Qaddafi and the Assads was without challenge and without end. Qaddafi’s bizarreness only made him more sinister. He willed his creepy version of reality upon the public, and the public, however repelled, could not think of a single instance of their ruler’s will being thwarted. There was no precedent for a challenge to power, much less for a successful revolt.
  (tags: libya middle_east lessons revolution dictatorship democracy power fear)

links for 2011-09-05

• Is austerity killing Europe’s recovery? – The Washington Post
  After more than a year of aggressive budget cutting by European governments, an economic slowdown on the continent is confronting policymakers from Madrid to Frankfurt with an uncomfortable question: Have they been addressing the wrong problem?
  (tags: europe austerity debt deficit economics growth policy government recession recovery)
• Economics: Rituals of rigour – John Kay – FT
  For many people, deductive reasoning is the mark of science: induction – in which the argument is derived from the subject matter – is the characteristic method of history or literary criticism. But this is an artificial, exaggerated distinction. Scientific progress – not just in applied subjects such as engineering and medicine but also in more theoretical subjects including physics – is frequently the result of observation that something does work, which runs far ahead of any understanding of why it works.

  Not within the economics profession. There, deductive reasoning based on logical inference from a specific set of a priori deductions is “exactly the right way to do things”.

  (tags: economics science mathematics model theory policy)
• Nary a “philosopher king”: The long road from Plato to American politics
  In American politics, no one any longer expects what Ralph Waldo Emerson had once called “high thinking.” Rather, the celebrity politician draws huge audiences (and donors) although very few would ever expect to hear anything of substance. In our national politics of veneered truths, whenever a candidate’s spoken words seethe with vacant allusions and blatant equivocations, the crowd nods approvingly, and leaps with satisfaction.
  (tags: usa politics populism celebrity election campaign stupidity)

links for 2011-09-02

• The New Resentment of the Poor – NYTimes.com
  In a decade of frenzied tax-cutting for the rich, the Republican Party just happened to lower tax rates for the poor, as well. Now several of the party’s most prominent presidential candidates and lawmakers want to correct that oversight and raise taxes on the poor and the working class, while protecting the rich, of course.
  (tags: politics taxes wealth poverty welfare inequality conservatives policy economics resentment class)