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It really is too bad I did not have time to get into the ethics of private property. Oh, well. A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
Arguably, then, parties of the left need to maintain not only the appearance of electability, but possibly more importantly the appearance of extremism, because when they become reasonable, all momentum for reform is lost.
It becomes clear that the social justice developed in the West since World War Two needed Democracy to occur, but it was actually driven (if you'll forgive the market-speak) by competition between two ideologies. Once the ideological competition was replaced with an effective monopoly, there was no longer any reason to provide "good service to consumers."
On a side note, I don't know why, I think it is my pessimistic nature, but I felt this happening very soon after the fall of the Berlin wall.
In a strange way, the worst thing that ever happened to the world was the re-unification of Germany and the creation of the euro. These events created the psychological meme of a "sclerotic Europe" unable to match the dynamism of the US. Couple this "failure of the semi-alternative model" with the removal of any ideological pressure on US elites to promote overall progress in US society (after the fall of the Sovite Union) and we have where we are now.
On reflection, I am perhaps not surprised because it was amazing how quickly the "zeitgeist" of British policy making (if not quite, public opinion) was turned around by Thatcher. We went from a partially community based society to an atomised one in only about ten years. And I was growing up in that time, so my own barometer for political change is miscalibrated to almost expect radical shifts.
To me the UK situation always feels a bit anomalous, it will take 30 years or more to work off the psychological effects of the Thatcher time (and of course that will only happen if the neo-libs can be prevented from completely implementing the Washington consensuses generally.)
We can (and I frequently find myself in this argument) discuss about whether the Labour party needed to shift to the right the way they did to win in 1997. However, it is certainly the case that they thought they did, in part due to the weight FPTP gives to certain marginal constituencies and a certain kind of floating voter.
The other probnlem is that since our economists are all economically illiterate, it shouldn't surprise that our politicians are more so and have been sold various kinds of neo-lib moonshine along the way. Economic stability (and indeed a bit of growth) are the currency of political survival/power. If you can get them then it's a lot easier to win elections.
Academic economists told the world and the politicians that the old nostrums were dead. Neo-libia had won and the only way to make society richer was to follow the neo-lib way.
Good politicians want to make a better life for people. If you tell them that the only way to avoid total economic decline is the neo-lib way, there is a strong pressure for them to accept it as the lesser of two evils, no?
we have esentially bw the social democratsTrue. But it seems less so in Spain?
we have esentially bw the social democrats
The continuation of an unbalanced economic policy, dependent on the increasing value of real-estate, besides being ostensibly rightist is more than doutful, as it has sunk productivity, has bloated inflation and has lost the reins of the trade deficit. So that, lacking the promised labour reform to unblock youth employment, and in the absence of a housing policy protecting the right to form a family, to accomplish a left agenda one has only the Dependency Law. ... What is progressive is not the distribution of power (and income) among the autonomous territories, but the redistribution of income (and power) among the social classes. But unfortunately, the Spanish left (like the whole of the Western European Left) has lost its own political agenda for the past 25 years. And, not having an agenda of its own, the Spanish left has chosen to adopt as its own the political agenda of the nationalists (with whom it is in a coalition since the Transition [to democracy] against Francoism and today against the PP), which makes of territorial self-government its only goal.
It's not like they were not already pursuing
My surprise is that we have esentially been betrayed by the social democrats.
But the left lost their confidence ages ago. Look at the US where the democrats in the 50s guise were the promoters of the Common Good and the enrichment of the middle and working classes, making the "American Dream" seem possible for everyone. By the time of Reagan they had degenerated into fighting a rearguard action defending the New Deal.
Their higly visible lack of intellectual rigour in policy making and their timidity in promoting just about any liberal principle has been echoed by left/liberal parties all around the world. It just became obvious in the last 10 years or so.
I suspect it's largely because the left in power were as careless with citizen's rights as the right, but at least the right offered you hope of economic empowerment. Something the left were incapable of as their mindset was invariably telling you to be grateful for what you got. keep to the Fen Causeway
more more....so Mill saying let's have a try and understanding perfectly the second law... amazing... this is the good thing abbut reading the classic directly.. you would be amazed about the things Darwin or Kant or Hume were supposed to have said but they never actually said....or even state exactly the opposite.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
It's a great experience to see it argued forcefully that the law of large numbers is evidence of the existence of God. A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
oh.. wait.. I am already scared with the Iran stuff...
Jesus...and large numbers...important to remember.. Jesus, God and Trinity one in all for the large number (all for one and one for all? well.. all for three and three for all?)....
And some people say that science is objective and does not depend on social norms and promotes the "truthiness" and bla bla bla...:)
What we have said is also applicable to a Ratio of Inequality, as appears from our 9th corollary. And thus in all cases it will be found that altho' Chance produces Irregularities, still the Odds will be infinitely great, that in the process of Time, those Irregularities will bear no proportion to the recurrency of that Order which naturally results from ORIGINAL DESIGN. ...Again, as it is thus demonstrable that there are, in the constitution of things, certain laws according to which Events happen, it is no less evident from Observation, that those Laws serve to wise, useful and beneficent purposes: to preserve the stedfast Order of the Universe, to propagate the several Species of beings, and furnish to the sentient Kind such degrees of happiness as are suited to their State. But such Laws, as well as the original Design and Purpose of their Establishment, must all be from without; the Inertia of matter, and the nature of all created Beings, rendering it impossible that any thing should modify its own essence, or give to itself, or to anything else, an original determination or propensity. And hence, if we blind not ourselves with metaphysical dust, we shall be led, by a short and obvious way, to the acknowledgement of the great MAKER and GOVERNOR of all; Himself all-wise, all-powerful and good.
You are a puto crack.
And thanks for this, Migeru, I am starting to fill some gaps in my education! I can resist anything but temptation.- Oscar Wilde
Anyway, I really enjoyed this and look forward to the next installment. Thanks. You and I are going to have to start a book club of some sort when I arrive in Britain. Be nice to America. Or we'll bring democracy to your country.
For instance, his works on logic and ethics belong in philosophy, but he also wrote on representative government, wrote the most important economics treatise for half a century, and then other things like The subjection of women.
I guess what I'm trying to say is that he could have books in three or four different secions, but they get all shelved together under 'philosophy' and then economists, political scientists and feminists don't read him. A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
Look on the bright side: At least the stores sell Mills books there. I was furious, back when I read The General Theory and Friedman's Monetary History, because not one bookstore in the city had either book. Easily the two most famous economics book on the 20th Century, but no one had them. They certainly had plenty of copies of The (friggin') Da Vinci Code, though. Be nice to America. Or we'll bring democracy to your country.
Usually, the students who are interested in academic economics as a career path will read many -- Smith, Marx, Keynes, Friedman, Marshall, Hayek, Mises, etc., although Mises was really only covered for his critique of central planning because of my professor being an Austrian follower. (And, God Almighty, could he rant about how great the Austrians were. This was the class in which I learned that Keynes was Satan.) I've read most of these, but didn't complete Das Capital or Marshall's Principles, and couldn't make it through even the first few pages of Mises's hideously-boring work. Mill was, unfortunately, covered only briefly and without any reading.
The class I attended involved a twenty-page term paper on a chosen economist's influence in modern life. Most students in my class chose either Marx or Smith, because we were apparently suffering from an originality shortage. I, of course, chose Keynes, since I was reading (and loving) The Economic Consequences of the Peace at the time, anyway, and it provided a great excuse to buy his other books and harass my professor for lying about him.
So that's about the full extent of it. Be nice to America. Or we'll bring democracy to your country.
Teaser: In the event no major upheaval in the world power structure occurs, the Caucasus and the 'Stans' continue to be a five-way toss-up between Russia, China, India, America and Europe.
In the event a Turkish-Iranian alliance arises, the area falls wholly into an emergent Islamic axis -- somewhat religious and modernist, while the more reactionary regions (see: Saudi Arabia, Sudan) are argued over by outside powers (China v United States).
Africa winds up being the grand prize of the 21st century. Where great power politics as-is prevail, Europe, the Islamic bloc, China, the United States, India, and even Russia get involved. It's a real mess, but armies go where the treasures are, and poor Africa, ever the victim, is lined up to be fought for once again.
Or is it?
You were interested, very much so, in the rise (renaissance, rather) of at least one South American power -- Argentina. There is at least one more -- Brazil.
Latin America comes to be divided between Argentina in alliance with Colombia, China gets a toehold via Peru and Mexico, Russia forges an alliance with Brazil and Venezuela.
All three blocs go to town in Africa, forging a trio of ostensibly 'Third World' alliances both there and farther afield, even planting flags in Europe and Asia; it's quite the scene.
Short Form
There are about twenty different alliance groupings possible if but one roll of the dice goes their way, and about six that are robust in most every scenario.
The one consistency is that the world is already multipolar whether Washington admits it or not, and it's only going to get even more diversified a portfolio of power, to the point that radical restructuring of wealth, trade and influence is going to occur, unless somebody puts a foot down on a lot of other people's necks.
Which, I suppose, is what the Bushies have been attempting, albeit quite clumsily, to do all along.
Why pick on the Iranians? Why plant a flag in Iraq? Simple: tolerating the peaceful and uncontested formation of a modernist Islamist bloc is a virtual death sentence for American influence in the Eastern Hemisphere. Al Qaida rehearsing plane hijackings is not what keeps the Americans up at night. Nor is Saddam Hussein wondering which village to gas next week. Not even the dispute over the Occupied Territories in Palestine gets much mileage.
What gives the Pentagon and Foggy Bottom ulcers is the nightmare scenario of Turkey, Iran and one other major player -- Egypt, perhaps, or Pakistan -- and that alliance either being chums with the new Sino-Indo-Russian entente, or going solo and becoming a new nuclear power (which, since the Paks already have the bomb, it would be instantly).
Suddenly, giving the Turks the cold shoulder for two decades doesn't seem like such a good move.
Oh, little detail: No one ever second-guesses the fact that the Turks have a nuclear energy program of their own.
Good thing the Turks are always on the right side of human rights. Good thing the Turks always have stable democratic institutions. Good thing the Turks have never had an aggressive foreign policy.
Else I might be a bit worried about their new friends, the Iranians, and their new tag-team strategy vis a vis the Kurds on northern Iraq. Have Keyboard. Will Travel. :)
Science by making the resource base more homogeneous, erases the restrictions once thought to reside in the lack of homogeneity.
Jesus H/F Christ. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
Or possibly suspect sexual tendencies.
(Or both.)
the decision will probably depend mainly on one consideration, viz. which of the two systems is consistent with the greatest amount of human liberty and spontaneity.
Spontaneity. I like that word in this context.
No TV, no internet, no recorded music, no movies, no phones... and some source of income that provided one with plenty of free time. So... letter writing, socializing - including a highly developed art of conversation, gambling, flirtation... and for the less socially minded - reading and writing. Lots and lots of reading and writing. Plus a lot less stuff to be learned about any subject before one could be considered qualified to write about it by oneself and others.
Great piece btw. More please.
We cannot, indeed, foresee to what extent the modes of production may be altered, or the productiveness of labour increased, by future extensions of our knowledge of the laws of nature, suggesting new processes of industry of which we have at present no conception.
This statement falls into a pattern still familiar today -- the confusion of science (which advances by learning new things) with technology (which advances by making new things). One cannot predict what one will learn, simply because to do so would require that it already be known. Predicting (more accurately, inferring) that something can be made, in contrast, is routine in technology development. No new laws of nature are involved in developing a next-generation aircraft, merely the working out of the intricate consequences of intricate systems based on materials and principles that are already known. Well, give or take some fix-up and debugging.
In practice, of course, many of the most interesting advances in technology result when science discovers new materials and phenomena, and many of the most interesting advances in science rely on technology to make new instruments and tools. The conceptual distinction remains important, however, even when the activities are intimately intermixed within a single research group.
Because technology need not rely on new knowledge of nature, applied physics can be used to determine some facts about as-yet-unimplemented revolutionary technologies. These facts typically tell us more about the lower bounds on future achievements because, although careful inference can establish possibilities, it cannot so easily establish impossibilities (unless some natural law would obviously be violated -- perpetual motion, and all that). Describing upper limits on what can be done is naturally more difficult because it would require a proof of the unworkability of an unbounded set of possible designs, and because science may turn up new, exploitable materials and phenomena. Describing lower limits on what can be done is possible because this requires only that particular, high-margin-of-safety designs will work as physics says they will.
This knowledge regarding feasible developments is of first-rank importance to policy development, yet is commonly ignored. Words and ideas I offer here may be used freely and without attribution.
This knowledge regarding feasible developments is of first-rank importance to policy development, yet is commonly ignored.
The problem, of course, is that "this knowledge" may be real, but it has not proven to be particularly practical. There have been many attempts at the process you outline and some have even produced reasonably accurate predictions in terms of particular designs.
Where they failed miserably was in accurate predictions of the timing (the difficulty of producing said design). This is the area that needs most work to improve it's status as a policy tool.
One application of this kind of knowledge is to suggest what might be worth developing. As Alan Kay said, "The best way to predict the future is to invent it." Words and ideas I offer here may be used freely and without attribution.
By contrast, technologies that are, in some sense, about reducing their own costs are in a different and unusual category. (Someone should look into this, and not just the usual specially-interested experts.) Words and ideas I offer here may be used freely and without attribution.
The progress mode you describe is much more common, though. A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
The economist's notion of infinite substitutability bears some resemblance to the old alchemists' dream of converting base metals into precious metals. All you have to do is rearrange atoms! But the potential for rearranging atoms is itself scarce, so the mere fact that everything is made up of the same homogeneous building blocks does not abolish scarcity. Only Maxwell's Sorting Demon could turn a pile of atoms into a resource, and the entropy law tells us that Maxwell's Demon does not exist.
Converting base metals into precious metals requires, of course, something far more difficult than rearranging atoms. The process must transmute atomic nuclei, which requires roughly a million times more energy.
Daly then states that the potential for rearranging atoms is scarce, which is true, but only because the required energy (that is, in the technical sense, "free energy") is scarce. It doesn't require Maxwell's Demon to do the job -- the impossible demon would decrease entropy by sorting atoms according to their thermal energies, which is quite different from moving them around and sorting them by their kinds.
Does anyone know whether Daly has been influenced by Rifkin? Referring to "the entropy law" and declaring that it prohibits unmixing atoms is an error that Rifkin first popularized. Words and ideas I offer here may be used freely and without attribution.
One of these conditions is, universal education; the other, a due limitation of the number of the community.
Please note point #2, which follows Malthus. Words and ideas I offer here may be used freely and without attribution.
We discussed this in Colman's diary...
Where you of course concluded that the misery for all part is true, though not in the timeframe they imagined? Words and ideas I offer here may be used freely and without attribution.
[[[ I note in passing that there is again some dispute of the near-tautological principle of comparative advantage, but also some far more interesting discussion (in part by one Migeru) of whether its consequences are still as had been expected.
In the pernicious-idea category (and more peripheral to the diary) is the expensive-energy => near-autarky idea. Shipping, however, is now at the few-cents per ton-mile level, and a moderate multiplier on that cost would be far from being a barrier to international trade, though it would of course reduce it at a significant margin. ]]]
As a Wikipedia addict and occasional contributor, I find that:
According to Lassalle, wages cannot fall below subsistence level because without subsistence laborers will be unable to work for long. However, competition between laborers for employment will drive wages down to this minimal level. Iron law of wages
Later, Ricardo said:
"Notwithstanding the tendency of wages to conform to their natural rate, their market rate may, in an improving society, for an indefinite period, be constantly above it; for no sooner may the impulse, which an increased capital gives to a new demand for labour, be obeyed, than another increase of capital may produce the same effect; and thus, if the increase of capital be gradual and constant, the demand for labour may give a continued stimulus to an increase of people...." (On the Pinciples of Political Economy, Chapter 5, On Wages). Iron law of wages
This sounds more like a Plastic Law of Wages.
I would like to propose a Silicate Law of Capital, which states that as the human ability to transform matter increases, the cost of capital goods will fall to a level not significantly above that of the free energy consumed in its fabrication and the matter tied up in its physical structure. (Iron will not be a preferred structural material, as silicates are both more abundant and can be made stronger, owing to their directional covalent bonds.)
Malthus, however, still bites. Exponential growth of population (and no, the demographic transition isn't enough to show that this won't happen) would eventually reduce free energy flows per capita to a minimal level. Potential checks against this will include the traditional death option, or the more avant-garde option of part-time living (technology pending). Words and ideas I offer here may be used freely and without attribution.
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