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The Invisible Bridge: The Fall of Nixon and the Rise of Reagan

How Ronald Reagan Used An 'Invisible Bridge' To Win Over Americans - "Rick Perlstein's new book describes how Reagan emerged as the leader of a potent political movement during the turbulent mid-'70s. He says the soul of Reagan's appeal was how he made people feel good." [more inside]
posted by kliuless on Aug 5, 2014 - 80 comments

Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

Risky Business

The Economic Risks of Climate Change in the United States (PDF); prospectus (PDF); press coverage (YT) - "The signature effects of human-induced climate change—rising seas, increased damage from storm surge, more frequent bouts of extreme heat—all have specific, measurable impacts on our nation's current assets and ongoing economic activity. [The report] uses a standard risk-assessment approach to determine the range of potential consequences for each region of the U.S.—as well as for selected sectors of the economy—if we continue on our current path..." [more inside]
posted by kliuless on Jun 24, 2014 - 34 comments

Dear Marc Andreessen

"Hi, Marc... You seem to think everyone's worried about robots. But what everyone's worried about is you, Marc. Not just you, but people like you. Robots aren't at the levers of financial and political influence today, but folks like you sure are. People are scared of so much wealth and control being in so few hands... Unless we collectively choose to pay for a safety net, technology alone isn't going to make it happen." [more inside]
posted by kliuless on Jun 18, 2014 - 50 comments

National Greatness

Francis Fukuyama on 'The End of History?' twenty-five years later: "liberal democracy still doesn't have any real competitors," but to get there... [more inside]
posted by kliuless on Jun 15, 2014 - 29 comments

The Moral Question Of Our Time: Can We Share The Planet?

UN Climate Report: We Must Focus On 'Decarbonization', and It Won't Wreck the Economy - "The basic message is simple: We share a planet. Let's start acting like it." [more inside]
posted by kliuless on Apr 23, 2014 - 50 comments

Evenly distribute the future: Issuing more bio-survival tickets

VC for the people - "It's just that people who have options are much more likely to actually find success than people who don't." [more inside]
posted by kliuless on Apr 18, 2014 - 20 comments

Meanwhile, across the Black Sea and in the mountains of Pennsylvania

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]
posted by kliuless on Mar 22, 2014 - 30 comments

Aggregate Demand Management: "pass a law allowing the Fed to cut checks"

Free Money for Everyone - "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via) [more inside]
posted by kliuless on Mar 16, 2014 - 19 comments

Make Everything Awesome For Everybody: Bridging The CP Snow-Style Divide

The Two Cultures and the Scientific Revolution - "[Charles Percy Snow] was pleading for a more adequately educated ruling class so that the suffering of the poor might be ameliorated... Snow wanted to believe something like this: political decisions in the modern world often concern how to deploy science and technology, so people well-trained in science and technology will be better prepared to make those decisions. But that's a syllogism without a minor premise." (previously) [more inside]
posted by kliuless on Mar 15, 2014 - 37 comments

How Obama's tech team saved his presidency a second time

Inside the Nightmare Launch of HealthCare.Gov - "Unknown to a nation following the fiasco, McDonough's assignment from the President had boiled down to something more dire than how to fix the site. As the chief of staff remembers his mission, it was 'Can it be patched and improved to work, or does it need to be scrapped to start over? He wanted to know if this thing is salvageable.' Yes, on Oct. 17, the President was thinking of scrapping the whole thing and starting over." (previously) [more inside]
posted by kliuless on Mar 3, 2014 - 120 comments

The Library as an Economic Model in the Second Machine Age

Congress takes a casual look at the peer-to-peer economy - “Finding new ways to monetise used or existing assets has the obvious and immediate effects of raising their value and the wealth of their owners, while simultaneously reducing the value of comparable stuff owned by incumbent companies — for whom monetisation already wasn’t a problem, and who find themselves burdened by the newly competitive environment. The innovations also provide a surplus to those consumers who previously would have paid more to an incumbent. And all without any new stuff actually having to be made.” [more inside]
posted by kliuless on Jan 23, 2014 - 23 comments

listen to the wealthy scream

The return of "patrimonial capitalism": review of Thomas Piketty's Capital in the 21st century (pdf) - "Thomas Piketty's 'Capital in the 21st century' may be one of the most important recent economics books. It jointly treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of relatively slow growth with the rising share of capital incomes, and widening income inequality. This tendency could be checked only by worldwide taxation of capital." [more inside]
posted by kliuless on Jan 12, 2014 - 39 comments

Indirect fusion's nothing less than HiiiPoWeR

Installed solar capacity is growing by leaps and bounds, led by Walmart and Apple, and helped by bonds backed by solar power payments,[*] which have sent industry stocks soaring, even as molten salt and new battery technologies come on line to generate storage for use when the sun doesn't shine. Of course we could always go to geostationary orbit -- or the moon -- as well we may (if politics allow it) as thirst from the developing world grows beyond the earth's carrying capacity. [more inside]
posted by kliuless on Nov 30, 2013 - 41 comments

McCutcheon v. FEC

Supreme Court to consider lifting campaign contribution limits. Reversing McCutcheon v. Federal Election Commission would allow unlimited individual campaign contributions.
posted by kliuless on Oct 7, 2013 - 101 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

sea & sky

seaQuest: what if we could learn to live on/underneath the oceans (or in orbit)? [previously(er)] [more inside]
posted by kliuless on Mar 18, 2013 - 14 comments

The Priority of Democracy

Dissent Is the Health of the Democratic State - "We live in big, complex societies, which means we are thoroughly interdependent on each other, and that we will naturally have different ideas about how our life in common should go, and will have divergent interests. This means that politics we shall always have with us. It also means that political problems are largely ones about designing and reforming the institutions which shape how we interact with each other..." (via) [more inside]
posted by kliuless on Mar 6, 2013 - 9 comments

Japan

What's Going On In Japan? "Really Japan is quite a remarkable case, since neither fiscal nor monetary policy seems to be working to achieve the anticipated results. This year Japan will have a fiscal deficit of around 10% of GDP and gross government debt will hit 235% of GDP, yet the country is still struggling to find growth. Instead of reiterating old dogmas (whether they come from Keynes or from Hayek) more people should be asking themselves what is happening here. This is not a simple repetition of something which was first time tragedy and is now second time tragedy, it is something new, and could well be a harbinger for more that is to come, elsewhere. Oh, why oh why are economists not more curious?" [more inside]
posted by kliuless on Dec 27, 2012 - 82 comments

epistolary novel

Clay Shirky: How the Internet will (one day) transform government [1,2,3] [more inside]
posted by kliuless on Sep 26, 2012 - 46 comments

"Distribution is the core of the problem we face."

Trade-offs between inequality, productivity, and employment - "The poor do not employ one another, because the necessities they require are produced and sold so cheaply by the rich. The rich are glad to sell to the poor, as long as the poor can come up with property or debt claims or other forms of insurance to offer as payment..." [more inside]
posted by kliuless on Sep 4, 2012 - 45 comments

the dawn of a Star Trek generation

In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
posted by kliuless on Jun 22, 2012 - 117 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

The Extractive Institutions in US

Why Nations Fail - In a nutshell: "Proximately, prosperity is generated by investment and innovation, but these are acts of faith: investors and innovators must have credible reasons to think that, if successful, they will not be plundered by the powerful. For the polity to provide such reassurance, two conditions have to hold: power has to be centralised and the institutions of power have to be inclusive." [more inside]
posted by kliuless on Mar 15, 2012 - 78 comments

The Failure of Judges and the Rise of Regulators

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."
posted by kliuless on Feb 23, 2012 - 25 comments

the new humanism and socialism? developing human and social 'capital'...

The Future of History (non-gated, summary): Many have noted that democracy [1,2,3] does not often sit well with capitalism [1,2,3], but Foreign Affairs argues in its latest issue that, while the ideological battle was won in the 20th century, the challenge of 21st is one of implementation -- how to make liberal democracy work. [more inside]
posted by kliuless on Jan 8, 2012 - 12 comments

horizontal democracy

David Graeber profile: Meet the anthropologist, activist [1,2], and anarchist who helped transform a hapless rally into a global protest movement... " 'Most people don't think anarchism is a bad idea. They think it's insane,' says Graeber. 'Yeah, sure it would be great not to have prisons and police and hierarchical structures of authority, but everybody would just start killing each other. That wouldn't work, right?' Graeber's father, however, had seen it work."
posted by kliuless on Nov 27, 2011 - 70 comments

the bonds (and bounds) of trust

Richard Wilkinson: How economic inequality harms societies (ted/yt) - "We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust." (previously)
posted by kliuless on Oct 26, 2011 - 18 comments

you may say I'm a dreamer

-Only an 'energy internet' can ward off disaster
-We must electrify the transport sector [more inside]
posted by kliuless on May 19, 2011 - 58 comments

Anger and anxiety

Anger, Politics and the Wisdom of Uncertainty - "If there's somebody or even some institution to blame, it turns out people are much more likely to get angry... anger tends to inspire individuals to engage in more political activities than they would otherwise... Without someone to blame, respondents mostly just grow fearful and anxious... A particular danger of anger seems to be closed-mindedness. Research finds that when citizens get angry, they close themselves off to alternative views and redouble their sense of conviction in their existing views. Fear and anxiety, on the other hand, seem to promote openness to alternative viewpoints and a willingness to compromise." (via) [more inside]
posted by kliuless on May 18, 2011 - 18 comments

Vermont, Single-Payer in the USA?

With the constitutionality of the Affordable Care Act being argued in lower courts, it's probably also worth looking at Vermont's adoption of single-payer health care: "On May 26, Gov. Peter Shumlin of Vermont is expected to sign legislation that will create universal coverage in the state—eventually. Vermont will use subsidies from the Affordable Care Act to help create a Canada-style system. And its system, or so the theory goes, will become so popular and cheap that the rest of America will want to copy it." [more inside]
posted by kliuless on May 16, 2011 - 51 comments

Maybe History Ended After All

Reconsidering Fukuyama - "In 2004 he became the first of the card-carrying neocons to break ranks and oppose the Iraq War; in 2006 he published a comprehensive history and critique of the neoconservative movement; in 2009 he skewered the economics profession at length in his journal The American Interest; earlier this year, he dedicated an issue to a series of essays exploring the emerging American plutocracy... that through their greed they somehow benefit society... He was not being glib: Much of his new book, The Origins of Political Order, is devoted to documenting the struggles of premodern states to draw up sustainable tax codes. Long before modernity and the spread of democracy, societies that failed to effectively tax their citizenry were the first to shrivel... [more inside]
posted by kliuless on May 14, 2011 - 33 comments

Tax Facts Hardly Anyone Knows

9 Things The Rich Don't Want You To Know About Taxes - "4. Many of the very richest pay no current income taxes at all: Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero... 9. Other countries do it better: no one in Germany or the rest of the modern world goes broke because of accident or illness" (via) [more inside]
posted by kliuless on Apr 18, 2011 - 191 comments

brittle efficiency and shallow triumphalism

Fareed Zakaria: Are America's Best Days Behind Us? - "We have an Electoral College that no one understands and a Senate that doesn't work, with rules and traditions that allow a single Senator to obstruct democracy without even explaining why. We have a crazy-quilt patchwork of towns, municipalities and states with overlapping authority, bureaucracies and resulting waste. We have a political system geared toward ceaseless fundraising and pandering to the interests of the present with no ability to plan, invest or build for the future. And if one mentions any of this, why, one is being unpatriotic, because we have the perfect system of government, handed down to us by demigods who walked the earth in the late 18th century and who serve as models for us today and forever. America's founders would have been profoundly annoyed by this kind of unreflective ancestor worship." [for/against]
posted by kliuless on Apr 17, 2011 - 93 comments

O pais do futuro?

Lula's Brazil - "Compared with his predecessors, he had the imagination, born of social identification, to see that the Brazilian state could afford to be more generous to the least well-off, in ways that have made a substantial difference to their lives. But these concessions have come at no cost to the rich or comfortably-off, who in any absolute reckoning have done even better – far better – during these years. Does that really matter, it can be asked: isn't this just the definition of the most desirable of all economic outcomes, a Pareto optimum?" (via via)
posted by kliuless on Apr 7, 2011 - 16 comments

Kirkuk: Ignore It While You Can

Kurds Move To Upend The Status Quo In Kirkuk - "In northern Iraq, Kirkuk has always been a flashpoint with Kurds, Turkmen and Arabs, who all claim it as their own. It has a special place in the new Iraqi constitution, but nothing has changed for years." [more inside]
posted by kliuless on Mar 31, 2011 - 1 comment

Is China Next?

Francis Fukuyama on China's political (r)evolution: Will the protests that have swept the Middle East inspire a similar movement in China, or is that country's middle class more interested in the material than the political? [more inside]
posted by kliuless on Mar 24, 2011 - 62 comments

predicting civil unrest

Professors' global model forecasts civil unrest against governments - With protests spreading in the Middle East (now Yemen - not on the list) I thought this article and blog on a forecast model predicting "which countries will likely experience an escalation in domestic political violence [within the next five years]" was rather interesting. [more inside]
posted by kliuless on Jan 27, 2011 - 42 comments

ending corporate welfare

Get the Energy Sector off the Dole - Why ending all government subsidies for fuel production will lead to a cleaner energy future—and why Obama has a rare chance to make it happen.
posted by kliuless on Jan 12, 2011 - 42 comments

Public Policy, Political Organization, and the Precipitous Rise of Top Incomes in the United States

Winner-Take-All Politics [1,2] (PDF) - "The sources of American economic inequality are largely political – the result of deliberate political decisions to shape markets in ways that benefit the already-privileged at the expense of a more-or-less unaware public." (via bd) [more inside]
posted by kliuless on Oct 21, 2010 - 47 comments

Executive Decarbonization

With the climate bill dead and blame portioned, Ezra Klein asks what happens when congress fails? He concludes that "regulations to reduce carbon emissions are alive and well. The Environmental Protection Agency can attack carbon as a pollutant, and the Obama administration's announcement that efforts to hamstring the EPA will be vetoed suggests that they mean to do exactly that." [more inside]
posted by kliuless on Jul 30, 2010 - 18 comments

The Opening of a Conservative Mind

Bruce Bartlett, senior policy analyst in the Reagan White House, speaks out against Republicans - The monumental hypocrisy of the Republican Party is something amazing to behold. And their dimwitted accomplices in the tea-party movement are not much better. They know that Republicans, far more than Democrats, are responsible for our fiscal mess, but they won't say so. And they adamantly refuse to put on the table any meaningful programme that would actually reduce spending. Judging by polls, most of them seem to think that all we have to do is cut foreign aid, which represents well less than 1% of the budget. [more inside]
posted by kliuless on Jul 26, 2010 - 156 comments

Four Economic Benchmarks We Need Now

With capitalism in crisis, can it be sustained or is it altogether outdated? As Umair Haque asks though, perhaps a better question is: "are organizations and markets making decisions that help make people, communities, and society better off in the long run, by allocating their scarce resources to the most productive uses?" [more inside]
posted by kliuless on Jul 13, 2010 - 15 comments

neocolonial OCP-like company towns: changing the rules (in a good way)

The Politically Incorrect Guide to Ending Poverty In the 1990s, Paul Romer revolutionized economics. In the Aughts, he became rich as a software entrepreneur. Now he's trying to help the poorest countries grow rich—by convincing them to establish foreign-run "charter cities" within their borders. Romer's idea is unconventional, even neo-colonial—the best analogy is Britain's historic lease of Hong Kong. And against all odds, he just might make it happen. (via cc) [more inside]
posted by kliuless on Jun 10, 2010 - 92 comments

Close Encounters of the Third Kind

Emerging from a debate on "epistemic closure" (of the conservative mind) John Quiggin looked beyond the dead horses and gazed upon the need "to offer hope, in the form of goals that can excite enthusiastic commitment to a progressive alternative." Matthew Yglesias pondered and penned a response providing a glimpse of the very big picture... [more inside]
posted by kliuless on Apr 28, 2010 - 17 comments

nation building

One Night in Afghanistan
THE PRESIDENT: at a time when too many American institutions have let us down, when too many institutions have put short-term gain in front of a commitment to duty and a commitment to what's right... all of you want to build -- and that is something essential about America. [Al Qaeda and the violent extremists have] got no respect for human life. You see dignity in every human being. That's part of what we value as Americans. They want to drive races and regions and religions apart. You want to bring people together and see the world move forward together. [more inside]
posted by kliuless on Apr 4, 2010 - 36 comments

The next age of government

While much is being made of dysfunctional government [1,2,3,4,5,6,7,8,9] and hung parliament [1,2,3,4,5], David Cameron's pitches for a fairer society [1,2,3], smarter policy [1,2,3] and employee ownership [1,2,3,4,5,6,7] have been positively, uh, Obamanian.* [more inside]
posted by kliuless on Mar 5, 2010 - 26 comments

Be it resolved that financial 'innovation' does not boost economic growth

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

funemployment

How a New Jobless Era Will Transform America
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (via rw)
posted by kliuless on Feb 11, 2010 - 84 comments

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