An essay on Wales
(posted to Marxmail by Mike Pearn) Ed George, Marc Jones and myself exchanged views on this list as to how socialists should relate to the national question in Wales both in the present and as an historical question. Contributions on this list have been polite, all too rare on some lists, and perhaps even served to clarify our respective positions a little. Therefore I hope comrades who hail from nations other than Wales will bear with this latest installment. Ed George has argued, following GA Williams, that the nation of Wales only came into being with the rise to global hegemony of British Imperialism in the nineteenth century. By way of contrast and it is a stark contrast Mark Jones argues that Wales is an ancient nation having its roots in the Romano-British Principalities which cohered in the six to eighth centuries C.E. Both take too simplistic a view with one placing the emphasis on continuity and the other on the breaks within the historical record. As is often the way with these things both are wrong and both right. To argue that a Wales existed prior to the nineteenth century is not to concede legitimacy to Welsh nationalism as Ed fears but is to recognise the facts of the continuity of community in this country. As GA Williams argued there have been many different Wales in history but it was only with the triumph of Britain that a nation in the Marxist sense came into being here. The creation of this nation being within the British polity and as a part of it. Prior to this development the position of Engels that such communities as the Welsh were the detritus of history unable to construct stable states and therefore lacking any meaningful history stands as an accurate description. There is nothing condemnatory in such a description of Wales as a history-less nation contrary to Marks defence of the medieval princes and their society. For the facts are that Wales was a backward economically retarded area within Britain during the era of the princes. Pummelled by the Irish, by Vikings and confined to a large degree to impoverished hill territories it is remarkable that any literate culture survived. Such survival of culture was confined to the Church in the Heroic age and even after did not enjoy any significant revival due to the backward nature of the economy. Backward that is in comparison to the larger more prosperous economy in England. One notes that by the time of the Norman conquest England had become a prosperous unified state, which is why it was such a target for Norse Kings and Norman barons alike, while Wales remained a divided and impoverished land. In England slavery was fading away; but in Wales remained a major economic factor. Land holdings and the area under cultivation were increasing in size in England; but in Wales land was divided time and time again with ever generation, and this in an already retarded economy. Certainly this meant that for the peasant majority such freedoms as some had enjoyed in an earlier period were lost as more were reduced to serfdom with the rise of the feudal mode of production but in Wales the freedoms that remained for the gentle born were nominal when the parcelisation of land reduced them to penury. Considered dispassionately the enterprise of most of the Princes in Wales can be seen to be no more laudable than that of their peers elsewhere in Europe. These were brutal men in a brutal age despite which some do stand above the brutish scramble for power. For example one might cite Hywel Dda, and what a title to bear, Hywel the Good - history is kind to some - who codified Welsh law. But the law could only be codified as he had defeated so many of his rivals and was temporarily top of the heap commanding a great enough proportion of the surplus value accrued from exploitation and the spoils of war to be able engage in such a state building project. Significantly with his death his Princedom was divided and fell back into the internecine wars that marked the age. Following which Gwynedd in North Wales achieved a place at the heart of any state building project as its princes sought to build their domain into a state free of the English King. For modern day nationalists this struggle has been portrayed as a fight for a national state. In reality the struggle of the Princes of Gwynedd could not be national in character as there was at this time no sense of nationhood as a political and cultural entity to which all in a given polity belonged. Whether or not Pura Wallia, that part of Wales ruled by the petty princes, could even be truly described as feudal is a moot point before the final demise of Gwynedd in 1285 and is very dubious before the first Norman incursions which came after 1067. Rather we see a society dominated by kinship networks and the common ownership of land. Slavery too remained an important institution far more so than in the English Kingdoms to the east
Re: War and property tax
So what ever happened to the old custom of the king personally leading the troops into battle? Tom Walker
Re: Resnick and Wolff on USSR (from A List)
In a message dated 11/18/02 3:34:57 AM Pacific Standard Time, [EMAIL PROTECTED] writes: John Gulick wrote: the "state capitalism" thesis (advanced by both the News and Letters gang and the Rethinking Marxism crowd, among others) is a sorry artifact of political convenience and intellectual laziness. Basically, the line is argued by the type of person who (for reasons good or bad) acknowledges that the USSR was never a classless society, and at the same time (for reasons good or bad) worries that acknowledging this will discredit socialism as inherently authoritarian-bureaucratic, hence the not-so-clever device of "state capitalism." But holy hell, how could the USSR be capitalist? This is an utterly absurd proposition. We could probably argue until we're blue in the face about what the underlying organizational principle of a capitalist economy and society are, but let it be said that a capitalist economy and society requires some combination of the following institutional features, none of which the USSR (to my admittedly scanty knowledge) had. See http://archives.econ.utah.edu/archives/a-list/2002w36/msg00035.htm - Stan Goff also raised this book a while ago, but no one has come back to provide a review of it, yet. Maybe I can encourage someone to do so. The latest Monthly Review features a page advert for Resnick Wolff's study of the USSR, "Class Theory and History", featuring laudatory quotes from prominent Marxist academics including Howard Sherman, Victor Lippit, Bertell Ollman and Guglielmo Carchedi -- author of what I think must be the most tedious and unnecessarily scholastic book I have ever read, cover to cover ("For Another Europe"). Carchedi describes it as "class analysis at its best". Since "For Another Europe" was supposed to be a class analysis of European integration, this endorsement ranks lowly on my scale, but Ollman's strong recommendation makes me wonder. Has anyone here taken the plunge? Michael Comment Those claiming a Marxist approach or standpoint to examining the material life of society are burdened with the task of referencing Karl Marx and Frederick Engels writings to substantiate their assertion. Marx and Engels were of course revolutionaries, dividing their activity between study - theoretical work, and the practical activity of various social groups in society striving to reform or recast the "system" in their perceived favor. Marx and Engels took part in joining or forming organizations fighting to improve the lot of working people. This division between practical theoretical work and practical organizational activity means that Marxism as the science of society can be understood as consisting of theory - the historical abstraction or abstract understanding of why society changes, and a doctrine - the set of policy one uses to effect social change at a given point in time. Marx theory or approach to the self movement of matter has triumphed in every field of scientific thought and the term "dialectic" have entered the world lexicon on the street level. The world masses speak of "contradictions" as part of the world culture and revolutionary and reactionary alike openly embrace materialist dialectics. The doctrine of Marx, that is the policy aimed at giving organizational direction within the class struggle has not faired as well as Marx's theory. The reason is simple: as society changes in its fundamentality one policy must change in conformity. Then there is the very real question of the ideological sphere or the specific manner in which large groups of people in various countries and cultures think things out. Policy must speak in terms that people think things out or one ends up with an ineffective policy. It is of course absurd to present as a form of Marxist theory the proposition that the Soviet Union was a capitalist country or the ideological category called "state capitalism." From the standpoint of the historical abstraction Marx is rather clear about the specific make-up of a society that is passing from the industrial production of the social product to a new mode of production wherein the sell and purchase of labor power is no longer the underpin for societal production. >From the standpoint of Marxist doctrine, J.V. Stalin's "Economic Problems of Socialism in the USSR," describes in detail the policy of the proletariat in power, as it fights to give direction to the evolutionary development of the material power of the productive forces within the framework of industrial production. An industrial economy by definition is a value producing social formation - in transition, due to its historical emergence. Industrial society emerges from manufacturing, which emerges within the framework of a society undergoing transition in forms of wealth and societal production. All the revolution of the 20th century contains a common content: they were social responses to the transformation from agricultural society to industrial society. This
Manufacturing a massacre
Salon.com, November 19, 2002 Tuesday Manufacturing a massacre By Eric Boehlert Initial reports said Palestinian gunmen brazenly fired on Jewish worshipers in Hebron. The reports were wrong -- but the U.S. media has yet to correct them. The headlines over the weekend were startling, even for the Middle East, where the Israeli-Palestinian war seems trapped in escalating cycles of violence. On Friday evening in the predominantly Palestinian city of Hebron, gunmen hiding in houses and olive groves ambushed Jewish worshipers as they walked home from Sabbath prayers, spraying them with gunfire and even tossing grenades into the unarmed crowd. Israeli soldiers, who escort the worshipers every Friday night, rushed into a dark dead-end alley to try to help. After a four-hour gun battle, 12 Israelis were dead. Government officials, led by the hard-line foreign minister, Benjamin Netanyahu, quickly dubbed it the Sabbath Massacre. The gun battle was alarming -- and made headlines worldwide -- not only because Israel's military suffered its heaviest one-day loss in years but also because of the demented idea that gunmen would open fire on unarmed worshipers as they walked home from prayer. No doubt that's what provoked outrage from Pope John Paul II, who expressed anger over the vile attack, just as people had finished praying. Also, United Nations Secretary-General Kofi Annan leveled one of his strongest attacks against Palestinians and the despicable terrorist attack that killed Jewish worshipers on their way to the Sabbath Eve prayers. The American press rushed to report the gruesome details. Ambush; 12 Israelis Murdered at Prayer, read the New York Post's Saturday banner headline. According to the Post news account, The attack began when Palestinian snipers hiding in houses fired automatic weapons and tossed grenades at dozens of Jews on their way to one of Judaism's holiest sites. The New York Times, citing Israeli army officials, reported that Palestinian snipers ambushed Jewish settlers walking home from Sabbath prayers. So, among others, did the Boston Globe: Militants ambushed a group of settlers. So did Newsday: Palestinian gunmen in the West Bank city of Hebron ambushed Jewish settlers. It's now clear that none of those initial press reports from Hebron were accurate. In truth, Jewish worshipers returning home were not fired upon by Palestinian gunmen, who instead waited until the civilians were behind settlement gates before they started shooting at Israeli soldiers. None of the worshipers died. The 12 Israelis killed were security guards or soldiers. Three Palestinian gunmen were also killed. It's one thing if the early, erroneous press accounts simply reflected confusion surrounding a chaotic event like an ambush. But over a three-day period, American news outlets had a chance to correct or at least clarify what happened in Hebron, but few of them did. With a dozen Israelis dead, the distinction between who the Palestinian gunmen shot at may seem trivial. But there is an important difference, particularly in how the world sees the conflict, between opening fire on unarmed worshipers and targeting trained soldiers, who many Palestinians see as part of an illegal occupying force. It's crucial that the press be able to make clear distinctions between armed combat and acts of terrorism against civilians, especially as the United States leads a global war on terrorism. What became clear by Saturday in Israel was that the ambush did not occur as originally described by government officials. Or as described by one self-professed witness who phoned Israel's Army Radio and, in a live interview, insisted the group of Jews were slaughtered. His early, vivid accounts lent credence to the idea of a civilian massacre. On Monday, however, the man admitted that he'd been in Tel Aviv during the Hebron attack and had misled the media with his phony accounts. Even before the man's arrest, Amos Harel, writing Sunday in the Israeli daily Ha'aretz, declared: What happened in Hebron on Friday night was not a 'massacre,' nor was it an attack on 'peaceful Jewish worshippers' returning from prayers. The attack actually began several minutes after all of the worshippers had already returned safely. Those killed Friday were killed in combat. All of the victims were armed fighters, who were more or less trained. The Jerusalem Post reported that the first ambush shots did not ring out until after the all clear had sounded on the soldiers' radios, meaning worshipers had been safely escorted to their homes after Shabbat prayers. Speaking with the Israeli press, Matan Vilnai, a former Israeli general, told reporters over the weekend: It wasn't a massacre, it was a battle. And in Sunday's Washington Post, which was virtually alone in putting the Hebron events in perspective for U.S. news consumers, the paper quoted the leader of the Israeli settlement in Hebron,
Birds of a feather
(Sooner or later it had to happen. Peter Singer, an animal rights leftist, who also argues that handicapped children should be killed for their own good, has written a new book promoting globalization in the Thomas Friedman Lexus and the Olive Tree mold. What's next? A proposal to turn famine victims in Africa into cattle feed? The reviewer Gregg Easterbrook is a knucklehead of long standing who has made a career out of debunking such hysterical fears that nuclear power, DDT, GM crops, etc. might be bad for you.) Washington Monthly Online Greatest Good for the Greatest Number Philosopher Peter Singer will anger his traditional lefty fans with a clear-eyed account of the benefits of globalization. By Gregg Easterbrook Yes, it's that Peter Singer. The one who has suggested that animals sometimes have the same rights as people, that the old should be euthanized to divert resources to the young (though he would spare his own infirm mother), that Americans should give away almost everything they possess to the developing world and live themselves like the developing world's poor (Singer donates to charity but he hasn't given almost everything away, as he advised others to do, and won't give to bums on the street). The Peter Singer who has said that utilitarian arguments can justify killing the innocent if benefits to others are large (a chilling thought, but also U.S. policy, as it is on utilitarian grounds that U.S. forces have killed some innocent people during the campaign against al-Qaeda in Afghanistan; presumably, Singer supports this). The Peter Singer who has suggested that severely handicapped infants should be killed for their own good (strangely, only people who were not born severely handicapped take this view), whom The New Yorker has called the world's most influential living philosopher (which mainly tells us how little anyone cares about living philosophers, a state of affairs which the profession has largely brought on itself), and whose appointment to a chair at Princeton University aroused considerable alumni protests and the cancellation of some pledges. People have even protested the name of the chair he holds--Singer is now the Ira DeCamp Professor of Bioethics at the University Center for Human Values of Princeton. How can Singer have a chair at the University Center for Human Values, the line goes, when he is inhuman? Yes, that Peter Singer. Since his views are much hashed over, it may be best to skip beyond his prior statements here, other than to make two points. First, as I wrote in the previous paragraph, Singer has suggested most of his notorious positions. There is, in fact, an awful lot of high-class weasel-wording in his work, indicating either that he can't make up his mind or that he wants to have it both ways, grabbing attention by saying stark things, then indignantly claiming misquotation and pointing to some buried caveat when attacked. Second, when The New Yorker called him out on how he can say that other people's aging mothers should be put down like old horses but that his own should receive only the very best care in an expensive nursing home, Singer replied, Perhaps it's more difficult than I thought before, because it is different when it is your mother. So my grand pronouncements apply to everyone else but not me! There's a word for this. And, as Peter Berkowitz has written, someone who presents himself to the world as an ethicist is supposed to have thought through the practical consequences of his ethics. These points aside, One World is a pretty good book; if it did not come with Peter Singer baggage, I might say a darn good book. Singer, generally a hero to the loony left, struggles with the issues of globalization in a rigorously hard-headed manner rarely seen on this topic. Singer discards, or even shreds, much anti-globalization cant, focusing on which international economic policies will have the utilitarian outcome of raising living standards for the developing world's poor. (Singer does not much care for the term utilitarianism, but it is the best shorthand for his value system, whose fine points cannot be fit into this space; broadly, he wants to raise the standards at which the human race lives as a whole to the highest aggregate level, which entails focusing upon the disadvantages of the developing world, and thinks our obligations to all members of genus Homo have about the same standing as obligations to our nation, to our ethnic group, and even our own children.) He proposes that formation of a global ethical community roughly along U. N. lines should be a sustained, long-term historic objective, but is realistic about the need to work within the existing framework of nations and borders pretty much indefinitely. And, crucially, he is not opposed to economic globalization. He asks the big question
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Re: Re: Hi Joanne- re 2WW - I almost forgot
When is the quarter/semester over? Joanna At 04:29 AM 11/19/2002 +, you wrote: Gar Lipow wrote: Hi Joanna - I'm an anarchist leaning independent socialist myself. (I would explain why I'm not an anarchist, but I doubt it would be of great interest to anyone.) This makes the three of us! Good to see that I am not alone. Best, Sabri
Re: derailing trade talks
I for one am irritated with the new correct line on trade in agricultural goods: agricultural subsidies are bad, and free trade is the solution for impoverished farmers in the third world. (1) If we want to reverse the continuing transformation of agriculture into unsustainable and de-cultured exploitation of nature, there is no alternative to large-scale subsidies. There are legitimate questions, of course, in how the subsidies should be administered. (2) Export-led development is no more the answer for third world agriculture than it is for third-world industry. Even worse, it erases opportunities for subsistence at a time when extreme poverty is ubiquitous. (3) What empirical research there is suggests that, even in narrowly-specified market terms, there is a very small gain to be had to third world farmers from free trade in agriculture. Let's work to build a vibrant, sustainable rural culture in our own countries, and healthy domestic markets and egalitarian access to resources in the third world (and vice versa). Peter Ian Murray wrote: Short takes a tilt at CAP EU subsidies will wreck trade talks and drive up poverty, says development secretary Larry Elliott, economics editor Tuesday November 19, 2002 The Guardian Clare Short, the international development secretary, will today attack the common agricultural policy with a warning to the European Union that failure to cut huge farming subsidies will deepen poverty in developing countries by wrecking global trade talks. Her intervention is a clear sign of Britain's belief that last month's deal between Germany and France to ring-fence spending on the CAP for the next 10 years will harm poor countries. She will say that resistance to measures that would prevent over-production and the dumping of excess crops on world markets will destroy the chances of trade liberalisation talks succeeding. She will urge today's meeting of the EU general affairs and external relations council in Brussels, which is finalising Europe's policy on trade and development, to join opposition to production subsidies that lead to goods being sold on world markets at prices lower than they cost to produce. The World Trade Organisation launched the current round of talks in Doha last No vember, but progress has so far been stymied by the failure of the West to make good promises on agricultural reform. Pressure from seven of the EU's 15 member states - France, Italy, Spain, Portugal, Greece, Austria and Ireland - has resulted in any mention of CAP reform being omitted from the draft to be discussed by ministers today. Ms Short will tell the meeting that any money Europe spends on agriculture must be diverted into support for rural communities rather than be used to finance over-production. We must be committed to reform of the CAP to deliver on the Doha measures. Failure to do so would cause fatal damage to the prospects of Doha succeeding, she said last night. Developing countries had only signed up for a new round of talks in Doha a year ago because they had won assurances that the EU and the US would take steps to scale back subsidies for farmers. Developing countries made it clear that there would be no trade round unless they made gains. That's why the promises were made. Now the European Union has to deliver. Ms Short said that unless the EU agreed to disconnect pro duction from subsidies, it will be destroying Doha. We had an unprecedented consensus a year ago when the talks were launched. If the Doha round goes sour it will break that up, it will endanger the WTO and it will lead to the further marginalisation of poor countries. Her intervention in the increasingly bitter row over the future of the CAP comes as the chancellor, Gordon Brown, plans to call on the West to support a new deal for Africa. He will spend the next few months seeking support among the G7 industrial nations for a four-part package, which would include better access to rich western markets and a doubling of aid to $100bn (£63bn) a year in return for economic stability and proposals by poor countries to root out corruption. Britain was furious at last month's deal between France's Jacques Chirac and Germany's Gerhard Schröder to maintain spending on the CAP, which costs Europe £25bn a year. Sources said that France's avowed concern about the plight of Africa and Spain's interest in Latin America were at odds with their point-blank refusal to discuss meaningful CAP reform.
Re: protection rents, part 1
It's beginning to look like, financially, Iraq II will be the opposite of Iraq I. Ten years ago, the US fought the war as a mercenary and was repaid by other capitalist powers; we ended up with an approximately $100B transfer on the current account. This time around, the US will have to be the one to shell out for acquiescence to an unpopular war. Peter Ian Murray wrote: U.S. Discusses Aid for Turkey to Defray Costs of an Iraq War By Bradley Graham Washington Post Staff Writer Tuesday, November 19, 2002; Page A20 The United States has begun discussions about compensating Turkey for economic losses and other costs likely to be incurred in a U.S.-led war against Iraq, according to American and Turkish officials. Both sides described the discussions as still at an early stage and marked by a wide gap in what the Turks would like to receive and what the United States is willing to pay. But the mere existence of the talks, which participants said were initiated by the United States within the past two months, reflects the importance that U.S. officials place on Turkey in any war with Iraq. A longtime NATO ally bordering northern Iraq, Turkey is in position to serve as a crucial base for U.S. military operations. Its bases and airfields would likely be prime staging areas for American forces, and Turkish troops could play a significant role policing the flow of refugees from Iraq or guarding prisoners of war. At the same time, U.S. officials have expressed concern that Turkish forces may attempt to take advantage of a war and occupy northern Iraq to block the creation of an autonomous Kurdish region, which could serve as a base of operations for Turkey's own separatist Kurds. Preparing for possible military conflict with Iraq, the Bush administration has launched a number of diplomatic and military moves to secure basing, overflight rights and other crucial assistance from countries in the Persian Gulf region and elsewhere. But U.S. officials described the offer of economic assistance to Turkey as unusual, saying similar discussions have been initiated with only one other ally in the region -- Jordan. We've told them that if there is military action against Iraq, we would recognize that Turkey would have some losses and we would have to move in some fashion to help them, a senior administration official said. As another sign of the high-level attention that Turkey is receiving within the administration, President Bush got involved yesterday in furthering Turkey's bid to join the European Union. He phoned the EU president, Danish Prime Minister Anders Fogh Rasmussen, and stressed the importance of advancing Turkey's evolution toward membership when EU leaders convene in Denmark next month, according to a White House spokesman. Bush also plans to meet with Turkish President Ahmet Sezer on Wednesday while the two leaders are in Prague for a NATO summit. Turkey already allows U.S. and British warplanes to use an air base at Incirlik to patrol a no-fly zone over northern Iraq established after the 1991 Persian Gulf War. U.S. authorities express little doubt that Turkey would support the United States in another war with Iraq. But Turkish officials fear the potential economic and political consequences. Turkey lost billions of dollars in tourist revenue and trade with Iraq as a result of the 1991 war and confronted a surge in Kurdish refugees. With their economy now in recession, many Turks see another war as undercutting the prospects of recovery and further straining their country's massive debt burden, which is being helped by $16 billion from the International Monetary Fund. They also express concern that a war could reignite unrest in Turkey's mainly Kurdish southeast, where the military has spent much of the last two decades fighting Kurdish separatists. It was public outrage over the state of the economy that helped fuel a victory in Turkey's national election earlier this month by the Justice and Development Party, whose leaders hold strong Islamic beliefs. So far, however, U.S. officials say they have been encouraged by some of the new leading party's initial moves. We're favorably impressed with the quality of people being mentioned for the top economic posts and other ministerial jobs, another senior administration official said. U.S. and Turkish officials familiar with the discussions over a war compensation package said several options have been mentioned, including outright grants, preferential trade terms for Turkish exports to the United States, U.S. military equipment transfers and contracts for Turkish firms to help in the reconstruction of a post-war Iraq. We've heard a wish list from the Turkish side, a senior official said. There's a whole host of ways it could be structured. Turkish authorities said they also hope for a significant boost in U.S. aid even if no war comes. They say just the talk of war has shaken Turkey's economy, discouraging tourism and trade, raising oil
Re: Re: protection rents, part 1
In both wars, the US shelled out before the war to bribe acquiescence, but Peter is correct -- it looks like the US will have trouble collected afterwards. On Tue, Nov 19, 2002 at 09:45:16AM -0800, Peter Dorman wrote: It's beginning to look like, financially, Iraq II will be the opposite of Iraq I. Ten years ago, the US fought the war as a mercenary and was repaid by other capitalist powers; we ended up with an approximately $100B transfer on the current account. This time around, the US will have to be the one to shell out for acquiescence to an unpopular war. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
Re: Re: Re: Re: RE: Re: economics on pen-l
I share Soula Avramidis' insight and worry about natioanl chauvinism. Separately, I see an environmental calamity close at hand, but I think that it will tear humanity apart rather than bring it together. Gene Coyle soula avramidis wrote: I refer back to an item that says that the conservative desocialising agenda is at work under George w. if so and I am sure cuts in social spending are abound, then to what degree is a fall in the average level of education of the American working class fosters ultra nationalism and imperial aggression abroad, or does it really matter how social spending goes in America since the ideological framework of education and everything else fosters a sort national chauvinism sentiment across classes, and therefore, in the absence of a strong counter internationalist ideology, nothing short of an environmental calamity will bring humanity together. at least in the foreseeable future. Michael Perelman [EMAIL PROTECTED] wrote: Business Week recently had an article that seemed to agree with Peter. I did not save the ref, but it was from the last few weeks. Peter Dorman wrote: Devine, James wrote: Peter D writes:... I'm wondering whether foreign central banks are already financing the US current account deficit, in light of the weakness in US financial markets. don't you think that it's foreign financiers that are doing so, rather than central banks? they're buying up US assets, allowing the US to run a current account deficit. If the CBs are doing anything, it's accumulating dollars and dollar-denominated short-term assets because they are useful reserves (since the dollar acts as world money). Do you think ! ; that the CBs play a big role? My suspicion is that the private inflow of investment has not kept up with the US need for half a trillion a year. Certainly not in equities, and perhaps also not in debt assets, due to possible exchange rate risk. The dollar is indeed the world's liquidity, but its days (OK, years) are certainly numbered, and sensible investors would want to avoid too much exposure. As I recall, there was also a year during the early 80s when foreign CB's stepped in to cover for the reluctance of private wealth-holders. I'm guessing that 2002 will also turn out to be such a year, but I could be wrong. As to why the CB's would do this, you could take your pick from (1) it's not in anyone's interest to have the dollar crash and bring down the global economy with it, (2) they are protecting the private positions in the dollar taken by t! heir own nationals in particular, (3) they are supporting the US as a bastion of free-market rectitude, and (4) they are supporting an overvalued dollar to sustain their own export surpluses. ... If so, what implications, if any, does this have for global political economy? How can we explain Bushite unitaleralism and in-your-face hegemony in light of the increasing fragility of the US external position? the role of the dollar as world money is based on the power of the US. Bushite hegemonism seems just one way to maintain and extend that power, centering on the military side. The Clintonoids put greater emphasis on the financial/economic side of US power along with trying to encourage consent among the governed, don't you think? But these are variations on a ! theme. The strength of the dollar depends entirely on the willingness of the rest of the world to accumulate them at the rate of one-half trillion a year. Private wealth-holders will do so based on expectations of risk (exchange rate and liquidity) and rate of return. Public dollar repositories (CB's) will do so for either economic (including liquidity) or political reasons. It seems to me that the Bushies cannot afford to alienate the interests that govern CB decision-making. The current military power buildup may be seen as a basis for supporting the dollar (an implicit quid pro quo if you will), or it may be seen as reckless and overly unilateral. How would you analyze the effect of US militarism on the willingness of CB's to accumulate dollars? Moreover, if we assume that serious money is now international ! ; (international portfolios and their mirror-image, international ownership of corporations, financial institutions and tradeable funds), how do we think about the constraints, if any, on US economic policy? (It doesn't look like we have vehicles for domestic constraints at the moment.) Or is US policy really reflective of a global consensus among the rich?
cutting privatizing state services
Title: cutting privatizing state services [was: RE: [PEN-L:32376] Re: Re: Re: Re: RE: Re: economics on pen-l] In addition, cutting state services such as education means that religious groups fill in the gap. Maybe Catholic education is pretty harmless (except to those students hit by nuns or sexually abused by priests), but Bob Jones University and similar fundamentalist organizations (e.g., Pepperdine University) are clearly not. The madrassas of Pakistan encouraged Wahhabbi (sp?) religion, while the fundamentalist religious groups provision of needed social services in Palestine encouraged the political power of Hamas and the like. In the US and Western Europe, social-democratic parties and labor unions often provided the social programs that the state didn't. Maybe we'll see something like that in the future. Of course, I've always suspected that a major reason for welfare-state programs was to take them out of the hands of popular or leftist forces that threatened the status quo. Jim Gene Coyle: I share Soula Avramidis' insight and worry about natioanl chauvinism. Separately, I see an environmental calamity close at hand, but I think that it will tear humanity apart rather than bring it together. soula avramidis wrote: I refer back to an item that says that the conservative desocialising agenda is at work under George w. if so and I am sure cuts in social spending are abound, then to what degree is a fall in the average level of education of the American working class fosters ultra nationalism and imperial aggression abroad, or does it really matter how social spending goes in America since the ideological framework of education and everything else fosters a sort national chauvinism sentiment across classes, and therefore, in the absence of a strong counter internationalist ideology, nothing short of an environmental calamity will bring humanity together. at least in the foreseeable future. Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
Re: cutting privatizing state services
Privatizing education also tends to reinforce the fragmentation of society into separate islands of experience. Public schools, at their best, bring all sorts of people together in ways that they would not have otherwise experienced. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
Conference on the Environment / London, June 17-19, 2003
--=_3459654==_.ALT Content-Type: text/plain; charset=us-ascii; format=flowed CALL FOR PARTICIPANTS. The 9th International Interdisciplinary Conference on the Environment will be held in London, England, June 17-19, 2003 at Royal National Hotel. You may participate as session organizer, presenter of one or two papers, chair, moderator, discussant, or observer. The early deadline for abstract submission and participation is April 30, 2003. All papers will pass a peer review process for publication consideration in the Conference Proceedings. For more information, please contact Kevin L. Hickey or Demetri Kantarlelis through Regular Mail: IEA/Hickey-Kantarelis Assumption College 500 Salisbury Street Worcester, MA 01609-1296, USA Tel: (508) 767-7296 (Hickey), (508) 767-7557 (Kantarelis) Fax: (508) 767-7382 E-mail: (Hickey) [EMAIL PROTECTED] (Kantarelis) [EMAIL PROTECTED] or the World Wide Web at: http://www.desu.edu/mreiter/iea.htm --=_3459654==_.ALT Content-Type: text/html; charset=us-ascii CALL FOR PARTICIPANTS. The 9th International Interdisciplinary Conference on the Environment will be held in London, England, June 17-19, 2003 at Royal National Hotel. You may participate as session organizer, presenter of one or two papers, chair, moderator, discussant, or observer. The early deadline for abstract submission and participation is April 30, 2003. All papers will pass a peer review process for publication consideration in the Conference Proceedings. For more information, please contact Kevin L. Hickey or Demetri Kantarlelis through Regular Mail: IEA/Hickey-Kantarelis Assumption College 500 Salisbury Street Worcester, MA 01609-1296, USA Tel: (508) 767-7296 (Hickey), (508) 767-7557 (Kantarelis) Fax: (508) 767-7382 E-mail: (Hickey) [EMAIL PROTECTED] (Kantarelis) [EMAIL PROTECTED] or the World Wide Web at: http://www.desu.edu/mreiter/iea.htm --=_3459654==_.ALT--
Re: Birds of a feather
In his first paragraph, Easterbrook reveals he hasn't read Singer, but rather the people who write about Singer. Given his rather loose standards of intellectual accountability (also revealed in his past writings on environmental issues), his endorsement of this latest book is of little interest. Singer is not my favorite philosopher, but he's not bad for a utilitarian. Peter Louis Proyect wrote: (Sooner or later it had to happen. Peter Singer, an animal rights leftist, who also argues that handicapped children should be killed for their own good, has written a new book promoting globalization in the Thomas Friedman Lexus and the Olive Tree mold. What's next? A proposal to turn famine victims in Africa into cattle feed? The reviewer Gregg Easterbrook is a knucklehead of long standing who has made a career out of debunking such hysterical fears that nuclear power, DDT, GM crops, etc. might be bad for you.) Washington Monthly Online Greatest Good for the Greatest Number Philosopher Peter Singer will anger his traditional lefty fans with a clear-eyed account of the benefits of globalization. By Gregg Easterbrook Yes, it's that Peter Singer. The one who has suggested that animals sometimes have the same rights as people, that the old should be euthanized to divert resources to the young (though he would spare his own infirm mother), that Americans should give away almost everything they possess to the developing world and live themselves like the developing world's poor (Singer donates to charity but he hasn't given almost everything away, as he advised others to do, and won't give to bums on the street). The Peter Singer who has said that utilitarian arguments can justify killing the innocent if benefits to others are large (a chilling thought, but also U.S. policy, as it is on utilitarian grounds that U.S. forces have killed some innocent people during the campaign against al-Qaeda in Afghanistan; presumably, Singer supports this). The Peter Singer who has suggested that severely handicapped infants should be killed for their own good (strangely, only people who were not born severely handicapped take this view), whom The New Yorker has called the world's most influential living philosopher (which mainly tells us how little anyone cares about living philosophers, a state of affairs which the profession has largely brought on itself), and whose appointment to a chair at Princeton University aroused considerable alumni protests and the cancellation of some pledges. People have even protested the name of the chair he holds--Singer is now the Ira DeCamp Professor of Bioethics at the University Center for Human Values of Princeton. How can Singer have a chair at the University Center for Human Values, the line goes, when he is inhuman? Yes, that Peter Singer. Since his views are much hashed over, it may be best to skip beyond his prior statements here, other than to make two points. First, as I wrote in the previous paragraph, Singer has suggested most of his notorious positions. There is, in fact, an awful lot of high-class weasel-wording in his work, indicating either that he can't make up his mind or that he wants to have it both ways, grabbing attention by saying stark things, then indignantly claiming misquotation and pointing to some buried caveat when attacked. Second, when The New Yorker called him out on how he can say that other people's aging mothers should be put down like old horses but that his own should receive only the very best care in an expensive nursing home, Singer replied, Perhaps it's more difficult than I thought before, because it is different when it is your mother. So my grand pronouncements apply to everyone else but not me! There's a word for this. And, as Peter Berkowitz has written, someone who presents himself to the world as an ethicist is supposed to have thought through the practical consequences of his ethics. These points aside, One World is a pretty good book; if it did not come with Peter Singer baggage, I might say a darn good book. Singer, generally a hero to the loony left, struggles with the issues of globalization in a rigorously hard-headed manner rarely seen on this topic. Singer discards, or even shreds, much anti-globalization cant, focusing on which international economic policies will have the utilitarian outcome of raising living standards for the developing world's poor. (Singer does not much care for the term utilitarianism, but it is the best shorthand for his value system, whose fine points cannot be fit into this space; broadly, he wants to raise the standards at which the human race lives as a whole to the highest aggregate level, which entails focusing upon the disadvantages of the developing world, and thinks our obligations to all members of genus Homo have about the same standing as
Re: Re: Birds of a feather
How did you conclude that Easterbrook hasn't read Singer? Peter Dorman wrote: In his first paragraph, Easterbrook reveals he hasn't read Singer, but rather the people who write about Singer. Given his rather loose standards of intellectual accountability (also revealed in his past writings on environmental issues), his endorsement of this latest book is of little interest. Singer is not my favorite philosopher, but he's not bad for a utilitarian. Peter Louis Proyect wrote: (Sooner or later it had to happen. Peter Singer, an "animal rights leftist," who also argues that handicapped children should be killed for their own good, has written a new book promoting globalization in the Thomas Friedman "Lexus and the Olive Tree" mold. What's next? A proposal to turn famine victims in Africa into cattle feed? The reviewer Gregg Easterbrook is a knucklehead of long standing who has made a career out of debunking such hysterical fears that nuclear power, DDT, GM crops, etc. might be bad for you.) Washington Monthly Online Greatest Good for the Greatest Number Philosopher Peter Singer will anger his traditional lefty fans with a clear-eyed account of the benefits of globalization. By Gregg Easterbrook Yes, it's that Peter Singer. The one who has suggested that animals sometimes have the same rights as people, that the old should be euthanized to divert resources to the young (though he would spare his own infirm mother), that Americans should give away almost everything they possess to the developing world and live themselves like the developing world's poor (Singer donates to charity but he hasn't given almost everything away, as he advised others to do, and won't give to bums on the street). The Peter Singer who has said that utilitarian arguments can justify killing the innocent if benefits to others are large (a chilling thought, but also U.S. policy, as it is on utilitarian grounds that U.S. forces have killed some innocent people during the campaign against al-Qaeda in Afghanistan; presumably, Singer supports this). The Peter Singer who has suggested that severely handicapped infants should be killed for their own good (strangely, only people who were not born severely handicapped take this view), whom The New Yorker has called the world's "most influential living philosopher" (which mainly tells us how little anyone cares about living philosophers, a state of affairs which the profession has largely brought on itself), and whose appointment to a chair at Princeton University aroused considerable alumni protests and the cancellation of some pledges. People have even protested the name of the chair he holds--Singer is now the Ira DeCamp Professor of Bioethics at the University Center for Human Values of Princeton. How can Singer have a chair at the University Center for Human Values, the line goes, when he is inhuman? Yes, that Peter Singer. Since his views are much hashed over, it may be best to skip beyond his prior statements here, other than to make two points. First, as I wrote in the previous paragraph, Singer has "suggested" most of his notorious positions. There is, in fact, an awful lot of high-class weasel-wording in his work, indicating either that he can't make up his mind or that he wants to have it both ways, grabbing attention by saying stark things, then indignantly claiming misquotation and pointing to some buried caveat when attacked. Second, when The New Yorker called him out on how he can say that other people's aging mothers should be put down like old horses but that his own should receive only the very best care in an expensive nursing home, Singer replied, "Perhaps it's more difficult than I thought before, because it is different when it is your mother." So my grand pronouncements apply to everyone else but not me! There's a word for this. And, as Peter Berkowitz has written, someone who presents himself to the world as an ethicist is supposed to have thought through the practical consequences of his ethics. These points aside, One World is a pretty good book; if it did not come with Peter Singer baggage, I might say a darn good book. Singer, generally a hero to the loony left, struggles with the issues of globalization in a rigorously hard-headed manner rarely seen on this topic. Singer discards, or even shreds, much anti-globalization cant, focusing on which international economic policies will have the utilitarian outcome of raising living standards for the developing world's poor. (Singer does not much care for the term utilitarianism, but it is the best shorthand for his value system, whose fine points cannot be fit into this space; broadly, he wants to raise the standards at which the human race lives as a whole to the highest aggregate level, which entails focusing upon the disadvantages of
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dem dim Dems' dead
Attention, Small-D Democrats: The Party's Over by James Ridgeway (Village Voice, Nov. 12) -- Since last week's election, liberals have been melodramatically wringing their hands, while the pundits have rushed to expound upon the deeper meaning of the Republican sweep. The Democrats lost, they say, because they no longer stand for anything. From the pundits' portentous tones, you'd never guess that they were beating a horse that's been dead for more than 30 years. In fact, this party has been disintegrating since it nominated Hubert Humphrey in the bloody streets of Chicago in 1968. The Democrats haven't had a shred of original ideology since the New Deal, or a spark of fire in their bellies since the nominally liberal momentum of the Kennedy-Johnson years ran aground on the party's cowardly refusal to oppose the Vietnam War. And it was Jimmy Carter who provided the spark that fired up the right wing. His decision to abandon the Panama Canal helped result in the founding of the New Right. That, in turn, went hand in hand with Ronald Reagan's march to power. Flailing wildly, Carter tried to beat the right by co-opting its economic plan, doing such things as embracing deregulation of the energy industry and other businesses. Charting new ground with an allegedly centrist support base, Clinton tried to outfox conservatives by adopting halfhearted versions of their own plans. Clinton put the final nail in the New Deal's coffin -- embracing welfare reform, screwing up and then abandoning healthcare, even letting it be known that his administration would look kindly on experiments to reform Social Security by handing partial control to Wall Street brokerages. He managed to leave his greatest mark on history by giving the Republicans an opportunity to impeach him because of an ill-timed blowjob. Today's Democratic Party is less a party than an entrenched Washington apparatus, which operates as a sort of simulacrum of itself, bellowing the names of past icons, while it carries on the business of responding to the interests of one lobby group or another. It is what William Greider calls a managerial party, exemplified by the technocratic fussbudgets in the Democratic Leadership Council. Now, some say, there may be a real shakeup in the party in the wake of the midterm defeat, the failed Dick Gephardt stepping down as minority leader, and the Democrats turning to new leadership in the form of California Congresswoman Nancy Pelosi. But this is sham. Gephardt is not quitting as a failure, but to prepare for a presidential run in 2004. As of late, Pelosi is best known for her role as senior House Democrat on the Intelligence Committee, where with the rest of this deadbeat crew she ignored or covered up the U.S. intelligence fiascoes that led to 9-11. Pelosi hails from a Baltimore Democratic political family and says she traces her roots to FDR. Currently she's known as the mother of documentary filmmaker Alexandra Pelosi, who traveled with George Bush during his campaign, and whose filmmaking, among other things, apparently spurred the two families to meet for lunch. The Republicans, on the other hand, have, since the days of Barry Goldwater, articulated a clear ideology. Beginning with the Nixon campaign of 1968, they have carried out an elaborate plan of action to muster the silent majority and bring what was a splintered and broken party to power. They have successfully positioned themselves as the party of conservative principle, with a mission to roll back the ever encroaching federal government -- shutting down agencies and privatizing others, returning power to the states, crushing the New Deal welfare state -- while restoring old-fashioned Christian morality to civil society. There is some substance to these political claims, but not much. Right now, the Republican majority is using its power to expand, not contract, the role of the government, replacing the welfare state with a far more costly and intrusive police state, with an economic program based on Keynesian pump-priming for the defense industries. Power may be wielded to advance ideology, but more often, ideology is a front for the simple protection of power. Bush may pose as a Texas wildcatter, a Bible-thumping Christian zealot, a war-ready patriot, and a champion of the common man. But in reality, he's a blue-blooded New England Methodist who dodged the draft by joining the National Guard and pledged for Skull and Bones at Yale. And he's never had anything remotely like an ideology, with the possible exception of the 12-Step Program. If Bush succeeds in spite of an elitist pedigree, it's because he heads -- and epitomizes -- today's Republican Party. This is a party that wields the money and power of Big Business, shrewdly woven into a populist, patriotic ideology designed to appeal to a country so desperate for passionate ideals that in return it will give them
Ghani
I've just posted my October 4, 2001, interview with Ashraf Ghani, the anthropologist who is now finance minister of Afghanistan (surely one of the least enviable jobs in the world), but who then was a former Johns Hopkins professor and World Bank consultant. It's at http://www.leftbusinessobserver.com/Radio.html#Individual. There's nothing earth-shattering about the interview, but it is a brush with fame. Apologies for the bad sound quality - it's a combination of very cheap tape that was hanging around WBAI and some strange tape speed anomalies that make us both sound like we'd visited Putin's multiconfessional circumcision clinic. Doug
Re: Re: Re: Hi Joanne- re 2WW - I almost forgot
joanna bujes wrote: When is the quarter/semester over? This question, in the context of what is below confuses me. Joanna At 04:29 AM 11/19/2002 +, you wrote: Gar Lipow wrote: Hi Joanna - I'm an anarchist leaning independent socialist myself. (I would explain why I'm not an anarchist, but I doubt it would be of great interest to anyone.) This makes the three of us! Good to see that I am not alone. Best, Sabri
Re: Re: Re: Birds of a feather
Singer doesn't take the positions Easterbrook has attributed to him. You don't have to agree with Singer (I often don't) to appreciate this. There was an article in the Chronicle of Higher Ed about a year ago that was fair-minded, I thought, on Singer and his critics. The man is not a monster... Peter e. ahmet tonak wrote: How did you conclude that Easterbrook hasn't read Singer? Peter Dorman wrote: In his first paragraph, Easterbrook reveals he hasn't read Singer, but rather the people who write about Singer. Given his rather loose standards of intellectual accountability (also revealed in his past writings on environmental issues), his endorsement of this latest book is of little interest. Singer is not my favorite philosopher, but he's not bad for a utilitarian. Peter
Re: Birds of a feather
In a message dated 11/19/02 8:27:15 AM Pacific Standard Time, [EMAIL PROTECTED] writes: (Sooner or later it had to happen. Peter Singer, an "animal rights leftist," who also argues that handicapped children should be killed for their own good, has written a new book promoting globalization in the Thomas Friedman "Lexus and the Olive Tree" mold. What's next? A proposal to turn famine victims in Africa into cattle feed? The reviewer Gregg Easterbrook is a knucklehead of long standing who has made a career out of debunking such hysterical fears that nuclear power, DDT, GM crops, etc. might be bad for you.) Shades of "'Solent' Green." "Globalization" is a 13 letter word and means everything and anything, depending upon the ideological bent of the individual. The in-dividual is "in" and "divid-ed" based on what is meant by their utterances. Kill handicap kids is a cop-out. Why are kids - people, handicap or rather what gives rise to a deviation in human biology that ascends to a qualitative level that prevents what is perceived and is, equal functioning or equal productive capacity? I looked at this "biology thing" for about six years Lou and some dialectics is needed in unraveling the basis of deviation. Lou, 90% of what we call science is alchemy. Melvin P.
FW: HU'S ON FIRST
Title: FW: HU'S ON FIRST forwarded from pen-l alumnus Mike Lebowitz -- Playwright Jim Sherman wrote this today after Hu Jintao was named chief of the Communist Party in China. HU'S ON FIRST By James Sherman (We take you now to the Oval Office.) George: Condi! Nice to see you. What's happening? Condi: Sir, I have the report here about the new leader of China. George: Great. Lay it on me. Condi: Hu is the new leader of China. George: That's what I want to know. Condi: That's what I'm telling you. George: That's what I'm asking you. Who is the new leader of China? Condi: Yes. George: I mean the fellow's name. Condi: Hu. George: The guy in China. Condi: Hu. George: The new leader of China. Condi: Hu. George: The Chinaman! Condi: Hu is leading China. George: Now whaddya' asking me for? Condi: I'm telling you Hu is leading China. George: Well, I'm asking you. Who is leading China? Condi: That's the man's name. George: That's who's name? Condi: Yes. George: Will you or will you not tell me the name of the new leader of China? Condi: Yes, sir. George: Yassir? Yassir Arafat is in China? I thought he was in the Middle East. Condi: That's correct. George: Then who is in China? Condi: Yes, sir. George: Yassir is in China? Condi: No, sir. George: Then who is? Condi: Yes, sir. George: Yassir? Condi: No, sir. George: Look, Condi. I need to know the name of the new leader of China. Get me the Secretary General of the U.N. on the phone. Condi: Kofi? George: No, thanks. Condi: You want Kofi? George: No. Condi: You don't want Kofi. George: No. But now that you mention it, I could use a glass of milk. And then get me the U.N. Condi: Yes, sir. George: Not Yassir! The guy at the U.N. Condi: Kofi? George: Milk! Will you please make the call? Condi: And call who? George: Who is the guy at the U.N? Condi: Hu is the guy in China. George: Will you stay out of China?! Condi: Yes, sir. George: And stay out of the Middle East! Just get me the guy at the U.N. Condi: Kofi. George: All right! With cream and two sugars. Now get on the phone. (Condi picks up the phone.) Condi: Rice, here. George: Rice? Good idea. And a couple of egg rolls, too. Maybe we should send some to the guy in China. And the Middle East. Can you get Chinese food in the Middle East?
Re: Re: Birds of a feather
Greetings Economists, Peter Dorman writes, There was an article in the Chronicle of Higher Ed about a year ago that was fair-minded, I thought, on Singer and his critics. The man is not a monster... Doyle, Writings on an Ethical Life, Peter Singer, Harper Collins books, 2000, page 163, We might think that we are just more civilized than these primitive peoples. But it is not easy to feel confident that we are more civilized than the best Greek and Roman moralists. It was not just the Spartans who exposed their infants on hillsides: both Plato and Aristotle recommended the killing of deformed infants. Romans like Seneca, whose compassionate moral sense strikes the modern reader (or me, anyway) as superior to that of the early and medieval Christian writers, also thought infanticide the natural and humane solution to the problem posed by sick and deformed babies. Doyle, So is that what we ought to do Peter expose babies on the hillside above the towns to show our moral superiority we've gained from an ethical insight? page 207 We will have to give up hope of finding better treatments for stroke victims, because we will be unable to try out these treatments on patients who have just suffered a stroke and are unable to give consent to taking part in a research program page 207 down a sentence, For me, those choices are not difficult, and I am not at all persuaded that the practices Dorner criticizes have any tendency to lead to Nazi-like attitudes. But there are some questions that are more difficult. Among them are questions concerning the treatment of infants with Down syndrome. ... When Down syndrome is detected and abortion available, the overwhelming majority of women, in most countries in excess of 90 percent, choose abortion. The fact that so many women carrying fetuses with Down syndrome choose not to give birth to the child surely tells us something about their attitude to life with Down syndrome, and their desire to avoid, if possible, being the mother of such a child. page 313 A sinister aspect of this atmosphere is a kind of self-censorship among German publishers. It has proved extraordinarily difficult to find a publisher to undertake a German edition of Should the Baby Live?-The updated and more comprehensive account of my views (and those of my coauthor Helga Kuhse) on the treatment of severely disabled newborn infants. page 315 Germans, of course, are still struggling to deal with their past, and the German past is one which comes close to defying rational understanding. There is, however, a peculiar tone of fanaticism about some sections of the German debate over euthanasia that goes beyond normal opposition to Nazism, and instead begins to seem like the very mentality that made Nazism possible. To see this attitude at work, let us look not at euthanasia but at an issue that is, for the Germans, closely related to it and just as firmly taboo: the issue of eugenics. Because the Nazis practiced eugenics, anything in any way related to genetic engineering in Germany is now smeared with Nazi associations.. This attack embraces the rejection of prenatal diagnosis, when followed by selective abortion of fetuses with Down syndrome, spina bifida, and or other defects, and even leads to criticism of genetic counseling designed to avoid the conception of children with genetic defects Doyle, So the Germans are fanatics because they are concerned with bigoted anti-disabled attitudes. You say Singer isn't a monster? He thinks killing a month old infant who is disabled is perfectly reasonable approach. Since the majority of women will abort their baby who has Downs Syndrome, then have a cop come over to the house and put a bullet in the infant. Or perhaps a clinic for lethal injections that is pain free for the child. As long as the atmosphere is clinical and antiseptic and we have violins playing rock music to sooth the parents during their ordeal. Or organ harvesting, that will make a lot of money won't it? We've got a lot of stroke patients out there taking up nursing home space that aren't producing value, lets do a little surgery. What they don't know won't hurt them, besides the damage is irreversible. thanks, Doyle Saylor
Re: Re: Re: Re: Re: RE: Re: economics on pen-l
i found myself once next to a wealthy man in a cold war peace rally, i asked him what he was doing there since it was something the commies put together in part, he says a nuclear bomb or an ecological disaster will poor and rich alike.i think there in international culture a heavy humanist heritage for change not to be influenced by it, but on the other hand, you maybe right if neccessary elements are missing. Eugene Coyle [EMAIL PROTECTED] wrote: I share Soula Avramidis' insight and worry about natioanl chauvinism.Separately, I see an environmental calamity close at hand, but I think that it will tear humanity apart rather than bring it together.Gene Coylesoula avramidis wrote: I refer back to an item that says that the conservative desocialising agenda is at work under George w. if so and I am sure cuts in social spending are abound, then to what degree is a fall in the average level of education of the American working class fosters ultra nationalism and imperial aggression abroad, or does it really matter how social spending goes in America since the ideological framework of education and everything else fosters a sort national chauvinism sentiment across classes, and therefore, in the absence of a strong counter
internationalist ideology, nothing short of an environmental calamity will bring humanity together. at least in the foreseeable future. Michael Perelman <[EMAIL PROTECTED]>wrote: Business Week recently had an article that seemed to agree with Peter. I did not save the ref, but it was from the last few weeks. Peter Dorman wrote: Devine, James wrote: Peter D writes:... I'm wondering whether foreign central banks are already financing the US current account deficit, in light of the weakness in US financial markets.don't you think that it's foreign financiers that are doing so, rather than central banks? they're buying up US assets, allowing the US to run a current account defici! t. If the CBs are doing anything, it's accumulating dollars and dollar-denominated short-term assets because they are useful reserves (since the dollar acts as world money). Do you think ! ; that the CBs play a big role? My suspicion is that the private inflow of investment has not kept up with the US need for half a trillion a year. Certainly not in equities, and perhaps also not in debt assets, due to possible exchange rate risk. The dollar is indeed the world's liquidity, but its days (OK, years) are certainly numbered, and sensible investors would want to avoid too much exposure. As I recall, there was also a year during the early 80s when foreign CB's stepped in to cover for the reluctance of private wealth-holders. I'm guessing that 2002 will also turn out to be ! such a year, but I could be wrong. As to why the CB's would do this, you could take your pick from (1) it's not in anyone's interest to have the dollar crash and bring down the global economy with it, (2) they are protecting the private positions in the dollar taken by t! heir own nationals in particular, (3) they are supporting the US as a bastion of free-market rectitude, and (4) they are supporting an overvalued dollar to sustain their own export surpluses. ... If so, what implications, if any, does this have for global political economy? How can we explain Bushite unitaleralism and in-your-face hegemony in light of the increasing fragility of the US external position? the role of the dollar as worl! d money is based on the power of the US. Bushite hegemonism seems just one way to maintain and extend that power, centering on the military side. The Clintonoids put greater emphasis on the financial/economic side of US power along with trying to encourage consent among the governed, don't you think? But these are variations on a ! theme. The strength of the dollar depends entirely on the willingness of the rest of the world to accumulate them at the rate of one-half trillion a year. Private wealth-holders will do so based on expectations of risk (exchange rate and liquidity) and rate of return. Public dollar repositories (CB's) will do so for either economic (including liquidity) or political reasons. It seems to me that the Bushies cannot afford to alienate t! he interests that govern CB decision-making. The current military power buildup may be seen as a basis for supporting the dollar (an implicit quid pro quo if you will), or it may be seen as reckless and overly unilateral. How would you analyze the effect of US militarism on the willingness of CB's to accumulate dollars?Moreover, if we assume that serious money is now international ! ; (international portfolios and their mirror-image, international ownership of corporations, financial institutions and tradeable funds), how do we think about the constraints, if any, on US economic policy? (It doesn't look like we have vehicles for domestic constraints at the moment.) Or is US policy really reflective!