an introduction to fiat money (pdf) by Steve Randy Waldman:* - "Self-reinforcing bootstrap dynamics hold as strongly for a king's token as it would for any other thing, but much more stably so, since the king can reinforce and assure the stability of his token so long as he retains the political capacity to coerce or persuade payment of tax." (via) [more inside]
The three party system - "There are three major political forces in contemporary politics in developed countries: tribalism, neoliberalism and leftism (defined in more detail below). Until recently, the party system involved competition between different versions of neoliberalism. Since the Global Financial Crisis, neoliberals have remained in power almost everywhere, but can no longer command the electoral support needed to marginalise both tribalists and leftists at the same time. So, we are seeing the emergence of a three-party system, which is inherently unstable because of the Condorcet problem and for other reasons." [more inside]
The Arab Spring was two centuries in the making. But is the Egyptian revolution any closer to ending the state’s tyranny? [more inside]
Foundation: Public Goods and Options for the Bottom Billions - "Human beings just don't handle the very long run well" and that's where government increasingly comes in... (via) [more inside]
BIG and BOT Policy Proposals (transcript) - "Many of our current economic policies originated during times of scarcity. But now, says investor Albert Wenger, we live in an era of 'digital abundance', when creating new products costs virtually nothing. To adapt to the resulting economic upheavals, we won't need just more tech, says Wenger, but some strong policies. Here he explores two: basic income guarantee and the right to be represented by a bot." [more inside]
Turkey: The Erdogan-Gulen showdown - "A political fight to the death had just broken out between Recep Tayyip Erdogan, Turkey's prime minister, and his former allies in the movement of Mr Gulen... The prime minister argues that the Gulenists have set up a 'parallel state' within the bureaucracy, following orders from Pennsylvania and pursuing an agenda of their own." [more inside]
In 2011, the CIA declassified documents admitting its involvement in the 1953 coup that overthrew Iran's elected government and installed Mohammad Reza Shah Pahlavi, details of which were first first disclosed by the New York Times in 2000. Timeline. However, they refused to release them to the public. Today, the National Security Archive research institute has (after a Freedom of Information Act lawsuit) obtained and made the 21 documents public. "Marking the sixtieth anniversary of the overthrow of Iranian Prime Minister Mohammad Mosaddeq, the National Security Archive is today posting recently declassified CIA documents on the United States' role in the controversial operation. American and British involvement in Mosaddeq's ouster has long been public knowledge, but today's posting includes what is believed to be the CIA's first formal acknowledgement that the agency helped to plan and execute the coup. [more inside]
Egyptian President Mohamed Morsy sacks the head of the Army. Hussein Tantawi (head of the Egyptian Army and SCAF) has been dismissed as the Egyptian president asserts his power over the traditionally dominant military. Morsy has also cancelled the SCAF memorandum keeping legislative powers with the military council, and it's widely thought that the fight over that will end up at the constitutional court again. If the cancellation stands, Morsi will also have almost complete control of the constitutional drafting process.
The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
The Declaration of Independence is perhaps the most masterfully written state paper of Western civilization. As Moses Coit Tyler noted almost a century ago, no assessment of it can be complete without taking into account its extraordinary merits as a work of political prose style. Although many scholars have recognized those merits, there are surprisingly few sustained studies of the stylistic artistry of the Declaration. This essay seeks to illuminate that artistry by probing the discourse microscopically -- at the level of the sentence, phrase, word, and syllable. The University of Wisconsin's Dr. Stephen E. Lucas meticulously analyzes the elegant language of the 235-year-old charter in a distillation of this comprehensive study. More on the Declaration: full transcript and ultra-high-resolution scan, a transcript and scan of Jefferson's annotated rough draft, the little-known royal rebuttal, a thorough history of the parchment itself, a peek at the archival process, a reading of the document by the people of NPR and by a group of prominent actors, H. L. Mencken's "American" translation, Slate's Twitter summaries, and a look at the fates of the 56 signers.
How to Hack the Dictatorship. "Gene Sharp is an American intellectual whose ideas can be fatal to the world's despots. For decades, Mr. Sharp's practical writings on nonviolent revolution — most notably “From Dictatorship to Democracy,” a 93-page guide to toppling autocrats, available for download in 24 languages — have inspired dissidents around the world, including in Burma, Bosnia, Estonia and Zimbabwe, and now Tunisia and Egypt." His fame is spreading.
Deacon Dodge has a couple of posts (here and here) about religion, freedom and democracy amid the turmoil of Egypt. [more inside]
in a democracy, the ordinary citizen is effectively a king, but a king in a constitutional democracy, a king whose decisions are merely formal
Berlusconi in Tehran by Slavoj Žižek in the London Review of Books