ad-hoc chaosReal-World Economics Review Blog
The empirical failure of DSGE models according to a DSGE economist
ad-hoc chaosReal-World Economics Review Blog
Many UAW opponents on the right said they were concerned the union's presence would hurt the plant's expansion plans or make it harder to attract new businesses to Tennessee. But one of Norquist's panelists, Terry Scanlon, president of the Capital Research Center, seemed to acknowledge Saturday that the true fight in Chattanooga was a political one. This was the "unmentionable" that Scanlon nonetheless mentioned.
"What is really good here is the unmentionable: There will be so much less money without all these dues, 90-some percent in most cases, going to Democrats," Scanlon said during the panel. "Without the money there, it's not going to happen. This is great news. It's great news."As usual, it's about the money, who has it, and who doesn't. Money = power and control.
In their warped view of society, only the individual exists -- with no social relations, shared history and culture.Not much about the Tea Party actually. It's all about sociopathy. Useful background in the psychology and sociology.
This site, along with the FES and Compass, has long championed the notion of a good society. It is a desirable world that is much more equal, democratic and sustainable. But the problem was the desirable never felt feasible. We might have wanted to get there – but no one really knew how.
That is all starting to change. Over the last 30 years the world has been transformed by a technology revolution that is now hard wired, or more accurately free wired, into our culture. We can know everything/everywhere and can act, share and collaborate in ways unimaginable to social democrats even at the tail end of the last century. Through a smart phone the world is literally in our hands.
Technology is flattening old vertical corporations in the market and in politics. Today command and control are rendered nigh on impossible by a world that resembles Facebook and not the factory. People don’t take orders and instead are well versed in finding their own voice.
The golden age of social democracy was however built in a very different way, on hierarchical institutions because the 20th century was the era of centralism, bureaucracy and Fordism. But while the ends of that Cold War were meant to be egalitarian and democratic the means were essentially paternalistic and elitists. The neo-liberal counter-revolution became inevitable. Now technology is favouring social democracy but only if it can transform itself. On flattened planes you have to listen to everyone’s voice, anyone can get organised in a future that will be co-produced. So means and ends can be unified – democracy and equality is what we fight with and for.
This is the world Uffe Elbaek, a member of the Danish Parliament, and I describe in a new Compass publication entitled: Bridge: how the politics of the future will link the vertical and the horizontal.I concur. The playing field is leveling quickly in the digital age through increased communication and availability of knowledge. Hierarchy is giving way to flatocracy, but only if it actually results flat organization and not just flatus.
China has declared a "red line" on North Korea, saying it will not permit chaos or war on the Korean peninsula, and that denuclearisation is the only way to achieve peace....Al Jazeera
"The Korean peninsula is right on China's doorstep. We have a red line, that is, we will not allow war or instability on the Korean peninsula," Chinese Foreign Minister Wang Yi told reporters on Saturday, on the sidelines of China's annual largely toothless parliament.
On Thursday a senior Indian official appeared to endorse Russia’s position in Ukraine in recent days, even as Delhi urged all parties involved to seek a peaceful resolution to the diplomatic crisis.
When asked for India’s official assessment of the events in Ukraine, National Security Adviser Shivshankar Menon responded:
“We hope that whatever internal issues there are within Ukraine are settled peacefully, and the broader issues of reconciling various interests involved, and there are legitimate Russian and other interests involved…. We hope those are discussed, negotiated and that there is a satisfactory resolution to them....”
Local Indian media noted that Menon’s statement about Russia’s legitimate interests in Ukraine made it the first major nation to publicly lean toward Russia. As my colleague Shannon has reported throughout the week,many of China’s public statements could be interpreted as backing Russia in Ukraine, despite Beijing’s own concerns about ethnic breakaway states and its principle of non-interference.
However, at other times, including at the UN Security Council, Beijing has appeared to be subtly rebuking Moscow by suggesting that its unilateral path threatened regional and global stability. At the very least, however, Beijing has characteristically not gone as far as the U.S. and the West in publicly scolding Vladimir Putin for the military intervention in Crimea.The Diplomat
Thankfully, the ABS is developing new ways of measuring Australia’s progress, which includes a bunch of qualitative factors such as health, safety, equality, etc. Let’s hope that it gains greater prominence amongst commentators and policy makers.Macrobusiness
There are two parts of the bubble process. First there is a big bull market driven by fundamental and psychological factors. At some point the appreciation goes on for long enough and far enough that all people who try to trade it on fundamentals capitulate. Everyone’s expectations are then driven only by the price pattern. That behavior becomes completely extrapolative. And through several mechanisms that extrapolative behavior becomes non linear.Macro Bits
Alfred Marshall’s advice to A.L. Bowley, a former student and distinguished pioneer of mathematical economics and statistics in the 1920s, to: “(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often”.Lars P. Syll | Professor, Malmo University
“I’ve been studying tribal sovereignty since I was 16,” said Mr. Harris, the Lakota who developed and is promoting mazacoin. “To be a truly independent state you have to have your own issued currency.”WSJ — MoneyBeat
Ryan insisted that liberals were only offering people “a full stomach and an empty soul.”
He then told a story of a “young boy from a very poor family” who received free lunches at school “from a government program.”
“He didn’t want a free lunch,” Ryan insisted. “He wanted his own lunch, one in a brown paper bag, just like the other kids.”
“He wanted one, he said, because he knew a kid with a brown paper bag had someone who cared for him. This is what the left does not understand.”What era is this guy even talking about? "brown bags"????? Helllo! Ryan! Its 2014!