by Barkley Rosser {originally published at Econospeak) Which Is More Important, China Or Syria? For the world as a whole and the US in particular, when it is put like that it is pretty obvious: China. It has the world’s largest population, largest economy in PPP terms, a rising military, expanding interests around the world, including making territorial demands on several neighbors, not to mention being a nuclear superpower as well as cyberpower, and more. ...
Read More »Only So Much To Go ‘Round
The Sandwichman commented the other day on The Economist article, “Britain’s Green Party proposes a three-day weekend.” Regrettably, though, I didn’t pay much attention to their “rebuttal” to the alleged assumption of a fixed amount of work: In fact, if people worked fewer hours, demand would drop, and so fewer working hours would be on offer. I have seen stupid explanations before of why there is not a fixed amount of work. Layard, Nickell and Jackman...
Read More »Thank God it’s Boilerplate!: The Economist is lumping its labour
by Sandwichman Thank God it’s Boilerplate!: It’s Thursday and The Economist is lumping its labour The Economist and Jonathan Portes are at it again. “Lump of labor! Lump of labor!” The occasion? A proposal for a four-day workweek announced by the U.K. Green Party at their convention this week in Liverpool. The Economist pretended to find “two problems” with the Greens’ proposal: The Greens’ proposals encounter two problems. First, the theory. They argue...
Read More »A little bit about our supreme court and corporate power
In case you did not see this, it is my Senator’s opening comments at the Gorsuch hearings. He sums up just what a 5/4 split court has been doing.[embedded content] This is his discussion on Cspan about his book: Captured: The Corporate Infiltration of American Democracy
Read More »Crazification Factor Smashed
Kung Fu Monkey has a sad. Paul Ryan has totally crushed his crazification factor h/t Kerry Eleveld This issue has made Paul Ryan into the most unpopular politician in the country. At the start of the Trump administration he had a 33% approval rating, with 43% of voters disapproving of him. Now his approval has plunged to 21%, with his disapproval spiking all the way up to 61%. I count this as a new event, because Ryan is very famous and 82% is respectably...
Read More »Working class and Dems
by Peter Dorman (originally published at Econospeak) The Intersectionality that Dare Not Speak Its Name The New York Times ran a Nate Cohn piece today that epitomizes the way conventional liberals spin American politics. On the one hand we have the turnout and voting preferences of people of color—blacks, Hispanics, Asian-Americans. On the other we have whites and, in particular, the white working class. Not much happened in the 2016 presidential...
Read More »The 27% Crazification Factor Again
New link from Steve Bennen at Eschaton reminds us of Robert Waldmann’s post from 2014: The 27% Crazification Factor Again Robert Waldmann | January 27, 2014 It’s that number again. As noted by Dylan Scott at TPM, according to the latest Pew poll 27% of US adults think that the Republican party “is more willing to work with the other party” than the Democratic party.For earlier appearances of 27% see Kung Fu Monkey John: Hey, Bush is now at 37% approval. I...
Read More »Poor Salesman Great Grasp of Policy
I am aware of all internet traditions (with notably rare exceptions) and I think this might be another classic. In a generally very good article in Politico Tim Alberta wrote “Ryan is poor salesman with a great grasp of policy” [skip] “After he unveiled the bill, leading health care experts on the right like Yuval Levin and Avik Roy trashed it as a poorly conceived mess; ” So having a great grasp of policy is consistent with writing an immensely important...
Read More »Complacency Or Community Commitment? Human And Social Capital Reconsidered
by Barkley Rosser (originally published at Econospeak) Complacency Or Community Commitment? Human And Social Capital Reconsidered I have been poking at Tyler Cowen’s recent book on The Complacent Class, along with those who have praised it unstintingly, with my main complaint being that what he calls complacency may really be fear. In an exchange posted today between Tyler and Noah Smith at Bloomberg, Noah makes many of my points, saying that what people who...
Read More »Repeal of the PPACA Vote On Hold
“House leaders postponed a vote Thursday on their plan to overhaul the nation’s health-care system, casting doubt on whether President Trump and House Speaker Paul D. Ryan (R-Wis.) can deliver on one of the GOP’s central promises to the voters who placed Republicans in power. Lawmakers and White House officials continued to express confidence that the revisions to the Affordable Care Act would pass by week’s end, and talks resumed soon after leaders announced...
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