Agnès Labrouse quote. The most revelant sentence: While Duflo and Banerjee are in line with a technocratic democracy, the Ostroms sustain a Tocquevillean democratic self-governance. For the latter, institutions emanating from democratic processes, far from being straitjackets, are the core of economic processes. They simultaneously constraint and enable human action. Paternalism versus democracy. That's pretty much the "compassionate conservative," liberal divide. Lars P. Syll’s...
Read More »What Do the Oligarchs Have in Mind for Us? — Joel Koltin
Does technology lead to technocracy and is technocracy a form of feudalism? Technocracy and its tendency toward neo-feudalism is based on ownership of natural monopolies. Natural monopolies are candidates for anti-trust action.The New GeographyWhat Do the Oligarchs Have in Mind for Us? Joel Koltin
Read More »Paul Tucker — The 5 best books on The Administrative State
Experts versus populists, bureaucracy versus democracy: Paul Tucker, former deputy governor of the Bank of England and a fellow at Harvard's John F Kennedy School of Government, chooses books that wrestle with the central dilemmas of today's liberal political order…. Important with respect to the paradoxes of liberalism that are are now coming to a head in the conflict between politics as usual and populism. Steven Bannon's chief target was the administrative state, which is bound up in the...
Read More »Bill Mitchell — Latest Europhile advocacy beggars belief – surrender sovereignty to regain it
Today, I have a lot of travelling coming up. So time is tight. Regular readers will know my views on the Eurozone. I have held those views since the late 1980s when I was a young lecturer. Nothing has changed to change my opinion. It is an unmitigated disaster. And, in the face of all evidence to the contrary, the Europhiles on the Left and the Right continue to put out propaganda trying to defend their monstrosity. Here is a selection of the latest input from the elites on how the EU is...
Read More »Bill Mitchell — Neoliberal economic Groupthink alive and well in Europe
It is Wednesday so only a couple of snippets today. I was going to write about the BBC’s ridiculous attempt to portray Jeremy Corbyn as a sort of Russian-spy-type-dude in its Newsnight segment last Thursday (March 15, 2018). They manipulated his peaked hat (via Photoshop or through lighting) to make it look like a typical Lenin-type “Soviet stooge” hat and presented him against a red Kremlin skyline of Red Square...
Read More »Bill Mitchell — Europhile reform dreamers wake up – there will be no ‘far-reaching’ reforms
I have now escaped the near-Arctic chill and back to warmer climes for a little while. While I was in Finland though, the Finnish news media was agape over the – Joint Statement – released by 8 Finance Ministers from the smaller Northern EU Member States (March 6, 2018). The statement released by the finance ministers of Finland, Denmark, Estonia, Ireland, Latvia, Lithuania, the Netherlands and Sweden aired their views on how the Eurozone (EMU) might develop. Nobody should be under any...
Read More »Sebastian Heilmann — Big Data reshapes China’s approach to governance
Absolutely must-read! Economic planning and societal control: The digital transformation is changing the rules of the game in the global systemic competition. China's determined pursuit of a "digital Leninism" presents a major challenge to liberal market economies and democratic political systems. MERICS — Mercator Institute for China Studies Big Data reshapes China's approach to governance Sebastian Heilmann ht Ryan in the comments Sebastian Heilmann is the founding president of the...
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