Archive for the ‘World Politics’ Category

17 April 2019   Leave a comment

The Trump Administration is renewing many of the sanctions against Cuba that were lifted by the Obama Administration. The US has maintained sanctions against Cuba since October 1960 after Fidel Castro overthrew the regime of Fulgencio Batista. The sanctions were imposed in an effort to lead to internal dissatisfaction with Castro in hopes that the regime would be overthrown. One can only say that the sanctions have failed to achieve that objective and after 59 years of futility one could reasonably expect a different tactic. Unfortunately, the Trump Administration hopes that the renewed sanctions would change Cuban policy toward Venezuela which largely consists of humanitarian and security assistance in exchange for imported oil. The European Union and Canada announced that they would not cooperate with the sanctions, suggesting that the new sanctions would be similarly ineffective.

Michael Corleone on the Eve of the Castro Revolution

The Guardian is reporting on the findings of a new book which argues that “half of England is owned by 25,000 landowners – less than 1% of its population”. The article quotes the author of the book:

Guy Shrubsole, author of the book in which the figures are revealed, Who Owns England?, argues that the findings show a picture that has not changed for centuries. ‘Most people remain unaware of quite how much land is owned by so few,’ he writes, adding: ‘A few thousand dukes, baronets and country squires own far more land than all of middle England put together.’

“’Land ownership in England is astonishingly unequal, heavily concentrated in the hands of a tiny elite.’”

I found the report to be astonishing, far beyond what I would have predicted. The article continues:

Carys Roberts, chief economist of the left-of-centre thinktank the Institute for Public Policy Research, said she was ‘shocked but not surprised’ by Shrubsole’s findings on the concentration of land ownership. She said that the concentration of land in a few hands was a big reason why wealth as a whole was so unequal in the country, as those without land were prevented from generating more income.

“She added: ‘We have this idea that the class structures have changed so that the aristocracy is not as important as it used to be. What this demonstrates is the continuing importance of the aristocracy in terms of wealth and power in our society.’

“She said that one effect of the sale of public land was that the public lost democratic control of that land and it could not then be used, for example, for housing or environmental improvements. ‘You can’t make the best social use of it,’ she added.”

I doubt that a similar study has been done in other countries, but it would be very important information for any electorate.

North Korea has announced that it has tested a new tactical guided weapon, although we do not yet know exactly what that means. It does not, however, appear to be a nuclear bomb or a ballistic missile, both of which would violate the implicit understandings between the US and North Korea about a weapons program “pause”. The New York Times puts the test in context:

“In recent days the North Korean leader has said he would give the United States until the end of the year to come up with concrete proposals that would lift sanctions on the North — an implicit warning that, after that deadline, it might resume the testing that appeared, in the summer of 2017, to be leading to conflict.

“But the announcement of Thursday’s test suggested that Mr. Kim was willing to consider raising the stakes sooner, and making Mr. Trump fear that his signature foreign policy initiative could collapse before the 2020 elections.”

North Korea has also opened up the possibility of a third summit meeting with President Trump even though the most recent meeting yielded no tangible results. Furthermore, satellite images indicate that there has been an increase in activity at the Yongbyon processing facility which may mean that North Korea continues to produce the fuel for additional nuclear weapons. Finally, North Korea is increasing the pressure on the US by hinting that there may be a summit meeting between Kim Jong-un and Russian President Putin. We will have to see how the Trump Administration chooses to interpret these actions.

Posted April 17, 2019 by vferraro1971 in World Politics

16 April 2019   Leave a comment

There is a debate in the scientific community about whether the process of climate change should be marked by identifying a new geologic era, which many researchers are calling the Anthropocene to distinguish it from the age that is called the Holocene Era. The interest in identifying a new era stems from the belief that human activities, rather than normal geologic processes, have altered the earth’s climate.

Geologic Time Scales

The debate over the question is intense among researchers who disagree over whether human activities have slowly been altering the earth’s climate or whether it was a dramatic change in the middle of the 20th Century. Humans have been altering the earth’s climate since the invention of agriculture. But there is a credible case that the Industrial Revolution was profoundly changed after World War II.

Population, Carbon, and Methane All Spiked After 1950

The debate is important to geologists and all others who study the earth, but it is not terribly meaningful to the debate over reducing greenhouse gas emissions. But I personally like the date of 1950 since I was born in 1949 and therefore predate the decisive change.

US President Trump has vetoed the bill ending US involvement in the war in Yemen. The Washington Post describes the significance of the bill:

“The measure had passed the House on a 247-to-175 vote earlier this month and was approved by the Senate last month with the support of seven Republicans.

“This month’s House vote marked the first time both chambers had acted to invoke the same war-powers resolution to end U.S. military engagement in a foreign conflict. It also represented the latest instance of Congress’s challenging Trump’s decisions as commander in chief.”

Trump vetoed the bill because he believed that the war was necessary to protect the lives of US citizens. In his statement vetoing the bill, Trump wrote: “This resolution is an unnecessary, dangerous attempt to weaken my constitutional authorities, endangering the lives of American citizens and brave service members, both today and in the future.” Those who supported the bill argued that it was necessary to prevent further US complicity in the inordinately high civilian death rate in Yemen as well as to signal US disapproval of the Saudi government’s role in the murder of journalist, Jamal Khashoggi.

Posted April 16, 2019 by vferraro1971 in World Politics

15 April 2019   Leave a comment

We still do not know what US President Trump’s plan for Middle East peace is, but, now that the Israeli elections are over, details about the plan are beginning to leak. The Washington Post has published an article about the plan which seems to be well-informed. Reuters is reporting that very few officials know the specifics of the plan, and that even President Trump has not been informed of many of the details. But it seems to be the case that the plan does not foresee an independent sovereign Palestinian state, ending many years of US support for that outcome. It also seems to be the case that the emphasis will be on economic development in the region, including Jordan and Egypt. But there are no plans for a substantial US monetary commitment which would be difficult to pass in the current Congress. The Palestinian Authority cut off all dialogue with the US after the US moved its embassy from Tel Aviv to Jerusalem and it is highly unlikely that it would support anything that did not include a Palestinian state. Indeed, high-ranking European officials have sent a letter toThe Guardian condemning any plan that does not include an independent Palestinian state:

“High-ranking former European politicians have condemned the Trump administration’s one-sided Israel-Palestine policy and called in a letter for Europe to reject any US Middle East peace plan unless it is fair to Palestinians.

“The letter, sent to the Guardian, the EU and European governments, was signed by 25 former foreign ministers, six former prime ministers, and two former Nato secretary generals.

“’It is time for Europe to stand by our principled parameters for peace in Israel-Palestine,’ read the letter, calling for a two-state solution in which Israel and Palestinian states live side by side.

“Europe, it said, should reject any plan that does not create a Palestinian state alongside Israel with Jerusalem as the capital for both countries.

“’Unfortunately, the current US administration has departed from longstanding US policy,’ it said, criticising Donald Trump’s 2017 recognition of ‘only one side’s claims to Jerusalem’.

“Washington had also ‘demonstrated a disturbing indifference to Israeli settlement expansion’ in the occupied West Bank and cut hundreds of millions of dollars in aid to Palestinians, a move the letter said was ‘gambling with the security and stability of various countries located at Europe’s doorstep’”.

We shall have to wait for the details of the plan, but it seems to be a non-starter at this point, and it is unlikely that the outcome of the recent Israeli election will make it any more likely.

A group called Extinction Rebellion brought parts of London to a standstill in protests over the lack of action on the issue of climate change. The group represents an escalation in the tactics of environmentalists to bring about a reduction in greenhouse gas emissions. I have been expecting this change for some time as a sense of desperation has set in over the inaction of many governments. The BBC describes the group and its objectives:

“Since its launch last year, members have shut bridges, poured buckets of fake blood outside Downing Street, blockaded the BBC and stripped semi-naked in Parliament.

“It has three core demands: for the government to ‘tell the truth about climate change’, reduce carbon emissions to zero by 2025, and create a citizens’ assembly to oversee progress.

“Controversially, the group is trying to get as many people arrested as possible.

“One of the group’s founders, Roger Hallam, believes that mass participation and civil disobedience maximise the chances of social change. “

I would not be surprised to see similar and more dramatic protests in the future. Non-violent but disruptive protests are probably the only way to prod governments into taking the necessary steps to avoid the worst outcomes of climate change.

Extinction Rebellion Protester

Posted April 15, 2019 by vferraro1971 in World Politics

13 April 2019   Leave a comment

Today is the 100th anniversary of the massacre of perhaps as many as 1,000 Indians by British soldiers at Jallianwala Bagh park in Amritsar. The slaughter occurred as Indians gathered at the park to celebrate Baisakhi, the Sikh new year. The celebration was also affected by the expectation of many Indians that the British would ease their colonial rule to reward the participation of Indian soldiers in World War I. Instead, British troops, led by British General Reginald Dyer who had been called in to respond to outbreaks of violence in Amritsar. Dyer was ruthless in his rule as described by The Guardian:

“He also had Indians whipped for not saluting him. But his most novel punishment was reserved for the street where a female British missionary had been assaulted. Any Indian crossing the street between 6am and 8pm had, he said, to ‘go through on all fours’. The order, enforced by British solders, meant Indians could only proceed ‘lying flat on their bellies and crawling exactly like reptiles’”.

Dyer was held in high regard by many Britons, but he is regarded by Indians as the “butcher of Amritsar.” The massacre was a turning point in the history of British rule in India and Indian leaders observe the anniversary and pay tribute to the martyrs,

Posted April 13, 2019 by vferraro1971 in World Politics

12 April 2019   Leave a comment

The Center for Public Integrity along with NBC News has produced a table on how much tax specific companies have paid to the Federal government. When analyzing Federal tax rates it is crucially important to ignore the nominal tax rates. The tax code is so ridden with loopholes that the tax rate is meaningless. Instead we need to focus on exactly how much money companies actually pay to the government. From this perspective, it is painful to realize how much I have been subsidizing these companies by paying much more than them in taxes.

“The identified companies were “able to zero out their federal income taxes on $79 billion in U.S. pretax income,” according to the ITEP report, which was released today. “Instead of paying $16.4 billion in taxes, as the new 21 percent corporate tax rate requires, these companies enjoyed a net corporate tax rebate of $4.3 billion, blowing a $20.7 billion hole in the federal budget last year.” To compile the list, ITEP analyzed the 2018 financial filings of the country’s largest 560 publicly-held companies.

“The following is a list of the country’s largest publicly-held profitable corporations that paid no federal income taxes in 2018 on billions in U.S. income, according to ITEP analysis of 560 companies. ITEP reports U.S. income before federal taxes, and takes into consideration paid state and local taxes, which could reduce or increase U.S. income.  The report does not look at total tax provision, a number that could include foreign taxes and deferred taxes. All figures, except for tax rate, are in millions.”

Company U.S. Income Federal Tax Effective Tax Rate
Amazon.com $10,835 –129 –1%
Delta Air Lines $5,073 –187 –4%
Chevron $4,547 –181 –4%
General Motors $4,320 –104 –2%
EOG Resources $4,067 –304 –7%
Occidental Petroleum $3,379 –23 –1%
Honeywell International $2,830 –21 –1%
Deere $2,152 –268 –12%
American Electric Power $1,943 –32 –2%
Principal Financial $1,641 –49 –3%
FirstEnergy $1,495 –16 –1%
Prudential Financial $1,440 –346 –24%
Xcel Energy $1,434 –34 –2%
Devon Energy $1,297 –14 –1%
DTE Energy $1,215 –17 –1%
Halliburton $1,082 –19 –2%
Netflix $856 –22 –3%
Whirlpool $717 –70 –10%
Eli Lilly $598 –54 –9%
IBM $500 –342 –68%
Goodyear Tire & Rubber $440 –15 –3%
Penske Automotive Group $393 –16 –4%
Aramark $315 –48 –15%
AECOM Technology $238 –122 –51%
Tech Data $203 –10 –5%
Performance Food Group $192 –9 –4%
Arrow Electronics $167 –12 –7%
Source: Institute on Taxation and Economic Policy

Posted April 12, 2019 by vferraro1971 in World Politics

11 April 2019   Leave a comment

There was an interesting exchange in today’s State Department briefing.
Elan S. Carr was introduced as the new United States Special Envoy to Monitor and Combat Anti-Semitism. I am personally delighted that the Administration is taking the rise of anti-semitism seriously–the rise of that noxious ideology is frightening. But Carr chose to focus on the Boycott, Divestment, and Sanctions (BDS) movement in his remarks:

QUESTION: Given what Robert said and what you just said about BDS, I’m wondering – and I’ll have a specific question to Robert about this in the briefing afterwards because I realize that consular affairs is not your area, but you will have seen that the – one of the founders of the BDS movement has said that he was denied entry into the United States. He was supposed to arrive.

I presume, but I want to ask you, is this something that you support? Do you equate the BDS movement with anti-Semitism, not just as – and regard it as something more than criticism or an attempt to change the policies of the Government of Israel?

MR CARR: So an individual has a right to buy or not buy what they please. However, if there is an organized movement to economically strangle the state of Israel, that is anti-Semitic, and the administration has gone on the record for – as being opposed unequivocally to the BDS movement and the idea that somehow there can be movements organized to deny Israel its legitimacy and not to allow Israel to participate in economic commerce in the world – sure, that is. Hatred of the Jewish state is hatred of the Jewish people, and that’s something that’s very clear and that is our policy.

QUESTION: Well, but – so you’re convinced that BDS is actually hatred of the Jewish state and not just opposition to the government of the Jewish state’s policies?

MR CARR: So like I said, a person can decide what they want to buy, but if there is a movement that is dedicated to strangling the Jewish state out of existence, that is anti-Semitism.

QUESTION: Okay. Last one, just – so it’s okay for one person to decide that he doesn’t – he or she doesn’t want to buy, but if two people talk about it together, that’s a – or more, that’s a conspiracy and that’s bad and that —

MR CARR: Well, look —

QUESTION: — and then it’s no – then it becomes anti-Semitic?

MR CARR: Well, the BDS movement is well known. This isn’t a ragtag group. I mean, there are international organizations, there are websites, it’s organized, and the stated goals are clear, and the stated goals on the website of the BDS movement is to deny the state of Israel economic prosperity and to deny legitimacy. And that is anti-Semitism.

I am not sure why Mr. Carr identifies the BDS movement as one that want to “economically strangle the state of Israel”. My own understanding of the BDS movement is that it is an attempt to pressure the state of Israel to negotiate in good faith with the Palestinians: “The Boycott, Divestment, Sanctions (BDS) movement works to end international support for Israel’s oppression of Palestinians and pressure Israel to comply with international law.”

Boycotts are very rarely attempts to destroy a party; they are attempts to force a party to reassess its best interests. The classic example is the boycott by African-Americans in Montgomery, Alabama after the arrest of Rosa Parks in 1955. The intent was not to destroy the bus company (after all, African-Americans needed the service for their own transportation) but to force the bus company to decide whether discriminating against African-Americans was worth the lost business. Mr. Carr’s loose language on this matter does a disservice to the State Department. Wanting to change Israel’s policies toward the Palestinians is not anti-semitic. The US government denied entry to Palestinian activist Omar Barghouti, co-founder of the BDS movement, who was scheduled to give lectures at a number of US universities and to attend the wedding of his daughter. No explanation was given for the US refusal

Omar al-Bashir has ruled Sudan since he seized power in 1989 but he has been ousted by a military coup. There have been anti-Bashir demonstrations in the country since December, stimulated by rising living costs and charges of corruption. Bashir was indicted by the International Criminal Court in 2009 for war crimes in the Darfur area of Sudan, but has never been tried. Very few countries came to Bashir’s defense after the coup, but all countries were apprehensive about whether Sudan would be ruled democratically any time soon.

The Photograph Taken by Lana Haroun after the Coup

Posted April 11, 2019 by vferraro1971 in World Politics

10 April 2019   Leave a comment

The US Bureau of Labor Statistics has released its March 2019 update on wages in the US and the results are quite striking. According to Statista:

“Denominated in constant 1982-1984 dollars, average hourly wages dropped from $9.40 in February to $9.38 in March, with average weekly earnings amounting to $315.98.

“Since it’s hard to grasp the value of $9.38 in 1982 from today’s point of view, we took the liberty of calculating real wages in today’s prices and taking a look at what wages from 1964 onwards would be worth today. As the following chart shows, today’s wages in the United States are at a historically high level with average hourly earnings in March 2019 amounting to $23.24 in 2019 dollars. Coincidentally that matches the longtime peak of March 1974, when hourly wages adjusted to 2019 dollars amounted to exactly the same sum.”

The chart below puts real wages (nominalized in terms of inflation) in context. Wages have essentially stagnated since 1974. It is hard to believe that workers have not seen a real increase in wages for over 4- years.

The European Union (EU) has granted an extension to Great Britain on the terms of its exit. The new date for an agreement is 31 October. The extension means that Great Britain will participate in the elections for the European Parliament in May, although, if Great Britain leaves the EU on 31 October, its Parliament representatives will have to resign on that date. The EU had little choice but to grant the extension–France was most reluctant to grant a delay. It remains to be seen whether the additional time makes any difference given that Prime Minister May has not been able to persuade Parliament to agree to any terms of departure so far. In her weakened political position, it is hard to imagine her becoming more effective without persuading the Labor Party to participate.

It appears as if Israeli Prime Minister Netanyahu will be able to organize a majority coalition in the Knesset even though his Likud Party only won the same number of seats as his opposition, the Blue and White Party led by Gantz. A variety of splinter parties have promised to support Netanyahu, giving him the majority. Those parties are described by Bernard Avishai in the New Yorker:

“In the end, Netanyahu’s Likud gained about thirteen thousand more votes than Blue and White, tying it at thirty-five seats, five more than it won in 2015. Two ultra-Orthodox, or Haredi, parties—United Torah Judaism and Shas—improved their standing, winning eight seats each, and pledged their allegiance to Netanyahu. The national-Orthodox Union of Right-Wing Parties won five seats and had already pledged the same; their settler-zealot leader, Bezalel Smotrich, the new leader of the Jewish Home party’s National Union faction and an ally of the acolytes of the late extreme-right Rabbi Meir Kahane, is claiming to have been promised both the Education and Justice ministries, which are currently held by Naftali Bennett’s ultra-right New Right Party. 

The character of the coalition suggests that Netanyahu will be beholden to the most extreme elements of the Israeli electorate. There are many who are concerned that the results of the election do not serve the interests of Israel as a democratic state. It also suggests a weakening of any prospects for a negotiated peace between Israel and the Palestinians.

Posted April 10, 2019 by vferraro1971 in World Politics

9 April 2019   Leave a comment

Meehan Crist has written an essay for The New Republic that addresses the issue of how we should talk about climate change without submitting to despair. She analyzes Nathaniel Rich’s essay for the New York Times entitled “Losing Earth” and David Wallace-Wells’s essay for New York magazine entitled “The Uninhabitable Earth.” Both essays were decidedly grim and unfortunately Crist does not deliver the goods: after finishing the essay I was still depressed about climate change. But she makes a very important contribution to the discussion by identifying how we should think about why climate change is occurring.

“Both books also tend to whitewash difference in an attempt to talk about a problem whose burden is not equally shared. Rich whitewashes difference to put all humans in the same doomed boat; Wallace-Wells whitewashes difference to curry hope. ‘Personally,’ he writes, ‘I think that climate change … flatters our sense of power, and in so doing calls the world, as one, to action.’ But power is an unevenly distributed resource, and not everyone is so easily flattered. Given vast disparities in wealth and risk, ‘we’ are not all facing the same threat, and yet people need ways to talk to each other about climate change.

“The real gift these books offer, then, is the dialogue they’ve prompted. Together, they serve as a reminder that we need to recognize what’s at stake in the stories we’re reading; what one perspective values, what another overlooks. Maybe, the truth can only appear in aggregate, arising out of an ecosystem of different kinds of stories that rub up against one another in surprising ways.

Identifying exactly who is at greatest risk from climate change–the weak and the poor are most vulnerable–requires us to think beyond our immediate circumstances and to confront our responsibilities to them.

The Pew Research Center has compiled data on the distribution of Christians and Muslims in the world and the information is highly illuminating. The bottom line is counterintuitive: “To put it another way, more than half (52%) of the world’s Christians live in countries other than those with the 10 largest Christian populations, while this is true for just over a third (35%) of the world’s Muslims. In absolute terms, there are twice as many Christians (1.2 billion) as there are Muslims (609 million) living in countries that are not on their religion’s top 10 list.”

The interesting implication of this data is that both Christians and Muslims will become increasingly dependent upon political ideologies emphasizing tolerance–a condition which does not closely mirror current trends.

Exit polls in Israel suggest that the election is too close to call with Netanyahu and Gantz’s parties neck and neck. We may not know the final results for many days since either one will have to organize a coalition. Israeli politics are the most complex on earth as the chart below from The Economist illustrates.

Posted April 9, 2019 by vferraro1971 in World Politics

8 April 2019   Leave a comment

The Trump Administration has designated the Islamic Revolutionary Guard Corps of Iran as a foreign terrorist organization. The designation carries a number of penalties as defined by the US State Department:

“1. It is unlawful for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to a designated FTO. (The term “material support or resources” is defined in 18 U.S.C. § 2339A(b)(1) as ” any property, tangible or intangible, or service, including currency or monetary instruments or financial securities, financial services, lodging, training, expert advice or assistance, safehouses, false documentation or identification, communications equipment, facilities, weapons, lethal substances, explosives, personnel (1 or more individuals who maybe or include oneself), and transportation, except medicine or religious materials.” 18 U.S.C. § 2339A(b)(2) provides that for these purposes “the term ‘training’ means instruction or teaching designed to impart a specific skill, as opposed to general knowledge.” 18 U.S.C. § 2339A(b)(3) further provides that for these purposes the term ‘expert advice or assistance’ means advice or assistance derived from scientific, technical or other specialized knowledge.’’

“2. Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances, removable from the United States (see 8 U.S.C. §§ 1182 (a)(3)(B)(i)(IV)-(V), 1227 (a)(1)(A)).

“3. Any U.S. financial institution that becomes aware that it has possession of or control over funds in which a designated FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Office of Foreign Assets Control of the U.S. Department of the Treasury.”

The designation of the Revolutionary Guard as a terrorist organization is unprecedented since the Guard is officially part of the Iranian government and not a group without sovereign sanction. Iran responded forcefully. According to the Washington Post:

“Iran’s foreign minister, Mohammed Javad Zarif, responded on Twitter.
‘A(nother) misguided election-eve gift to Netanyahu. A(nother) dangerous U.S. misadventure in the region,’ Zarif wrote in English.

“IRGC commander Mohammad Ali Jafari issued an implied threat against U.S. forces in the Middle East.

“’With this stupidity, the American army and security forces will no longer have today’s calm in the west Asia region,’ the IRGC-affiliated Fars news agency quoted him as saying.

“The Supreme National Security Council of Iran responded Monday by branding ‘the government of the United States as a supporter of terrorism and Central Command, also known as Centcom, and all of its affiliated forces, as terrorist groups,’ state news agency IRNA reported.”

The strategic or tactical advantage for the US of the designation is not evident to me. The US already maintains sanctions on the government of Iran. The designation may make it more difficult for the US to deal with other countries in the Middle East, such as Iraq, who are aligned with Iran.

Turkey is nearing completion of an arms sale with Russia for the purchase of its S-400 missile defense system. The deal complicates Turkey’s relationship with NATO since the system is not compatible with other NATO weapons systems. The S-400 system is highly regarded and it could pose a serious threat to the F-35 fighter jet which is the most advanced jet in the US/NATO arsenal. The Turkish decision complicates the US-Turkish relationship which is already strained because of disagreements over the civil war in Syria. It is remarkable that US influence seems to be waning in many parts of the world, but none of those relationships are as important as the US-NATO alliance.

The U.N. Human Rights Council has issued a report on the state of poverty in the United States. The report “concluded 40 million people in the United States live in poverty — and more than half of those live in ‘extreme’ or ‘absolute’ poverty.” The US ranks last among all the developed countries in its rate of poverty.

Poverty in the US

Posted April 8, 2019 by vferraro1971 in World Politics

7 April 2019   Leave a comment

Bill McKibben is one of the most thoughtful analysts of climate change and he has written a book review for the New York Review of Books entitled “A Future Without Fossil Fuels?” The essay starts optimistically, reviewing all the progress that has been made in developing renewable energies. But then McKibben frankly assesses the political and economic power of the fossil fuel industries and acknowledges their extraordinary ability to delay any transition away from fossil fuels. The third part of the essay identifies the forces that will accelerate the transition:

“The bottom line is clear: to the degree that the fossil fuel industry is weakened by some combination of technological change and furious activism, the chances for serious change increase. If energy barons like the Koch Brothers and Exxon remain flush with cash, they can probably delay or undermine initiatives like the Green New Deal. But if their businesses are under strong pressure from a rapidly changing energy economy, polities around the world would be freer to take the steps that scientists insist are necessary with the speed required to prevent global catastrophe. Should these changes happen quickly, they could do more than save us from planetary peril.


McKibben may be more optimistic than warranted, but he does a very good job at outlining the war forward.

The reliably lefty journal Jacobin has published an interview with Niklas Olsen entitled “How Neoliberalism Reinvented Democracy“. It is an interesting take on the relationship between capitalism and democracy, a relationship that remains enigmatic in liberal ideology. Liberals argue that both systems enhance the freedom of the individual and are therefore compatible. But that framework completely disregards how capitalism tries to transform individuals, and their labor, into commodities. The transformation ultimately leads to the destruction of what we consider to be human freedom:

“This belief is strongly rooted in the idea, prevalent not only in neoliberalism, but also in the discipline of economics more generally, that self-interest is a driving force of human activity. According to this idea, people only enter government institutions to maximize their own utility, not because they are dedicated to ideals of the common good. Against this background, economists and politicians want to push political decisions onto the market, which they portray as a site of social interaction that will bring us what the state cannot deliver — efficiency, freedom, entrepreneurship, and democracy.”

It is a dense interview but well worth the effort. It builds upon many of the insights in what I regard as one of the most important books of the 20th century: The Great Transformation by Karl Polanyi.

Posted April 7, 2019 by vferraro1971 in World Politics