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Damn, I was too late in building my reinforced umbrella factory. Now the people with perfect foresight and information and access to infinitely deep and perfectly competitive liquidity markets will be able to capture this lucrative market.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 2nd, 2010 at 07:07:36 PM EST
[ Parent ]
Not to worry, in Spain the shitstorm is over Zapatero's lack of charisma or stature depending on who you ask. We take everything myopically personally.

But, really, after Copenhagen and now this, why on Earth should Europe continue fighting Obama's land war in Asia?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Tue Feb 2nd, 2010 at 07:11:44 PM EST
[ Parent ]
Especially after THIS BLUNDER!

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Tue Feb 2nd, 2010 at 07:33:50 PM EST
[ Parent ]
Thanks for that, I haven't been following Juan Cole for years since I left the US, but this is very good!
Does it matter? One sometimes see Americans dismiss Pakistan as "small" or "unimportant." Think again. Pakistan is the world's sixth-largest country by population (170 million),just after Brazil (200 million). It is as big as California, Oregon and Washington state rolled together. Pakistan's 550,000-man military is among the best-trained and best-equipped in the global South. Pakistan has within it a middle class with a Western-style education and way of life (automobiles, access to internet and international media) of some 37 million-- roughly 5 million families. (Pakistan has over 5 million automobiles now and is an emerging auto producer and market, with auto production at 16 percent of its manufaturing sector). If we go by local purchasing power, it is the world's 27th largest economy. It is a nuclear power with a sophisticated if small scientific establishment, and produced a Nobelist in physics.

Gates went to Pakistan to emphasize to Islamabad that the US was not again going to abandon it and Afghanistan, as it had in the past. Pakistan, he wanted to say, is now a very long-term ally of Washington. He hoped for cooperation against the Haqqani, Taliban and Hizb-i Islami guerrillas. He wanted to allay conspiracy theories about US mercenary armies crawling over Pakistan, occasionally blowing things up (and then blaming the explosions on Pakistanis) in order to destabilize the country and manipulate its policies.

The message his mission inadvertently sent was that the US is now increasingly tilting to India and wants to put it in charge of Afghanistan security; that Pakistan is isolated; that he is pressuring Pakistan to take on further counter-insurgency operations against Taliban in the Northwest, which the country flatly lacks the resources to do; and that Pakistani conspiracy theories about Blackwater were perfectly correct and he had admitted it.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Tue Feb 2nd, 2010 at 07:42:55 PM EST
[ Parent ]

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