Showing posts with label The Atlantic. Show all posts
Showing posts with label The Atlantic. Show all posts

Monday, June 11, 2018

Reihan Salam: Permanent normal trade relations with China fostered its tyranny

Well duh. We sell them the rope to hang us with, but first they hang their own.

From the story in The Atlantic, here:

What might the world have looked like had the U.S. never granted PNTR to China? One possibility is that China would have pursued an economic strategy built around fostering indigenous entrepreneurship and bettering the lives of its own workers, as it did in the 1980s. Instead, Beijing chose to transfer wealth from ordinary Chinese citizens to its politically powerful export sector, a path made possible by PNTR. China might very well have become just as rich by embracing a more balanced and humane approach to development. Doing so, however, would have required that its central government surrender a measure of control to its citizens. Rather than foster liberalism and openness in China, I suspect PNTR did exactly the opposite—creating the conditions for China’s central government to exert tighter control over the Chinese populace.

Tuesday, May 22, 2018

Slate takes The Atlantic to task for not taking the 1% seriously enough

Here in "Actually, the 1 Percent Are Still The Problem".

Actually, the Reagan 1986 tax reform was the problem, but Jordan Weissmann never mentions it.

This despite his wonderful graph of the top 10% over time showing the 1% take-off after the reform. When it becomes easier for the already rich to take high incomes the ordinary way, like everyone else, because of low top marginal rates, less money ends up getting plowed back into productive purposes like it used to before 1986.

We keep believing the myth that "the rich are different than you and me", but they're not. They're as indolent, undisciplined and blinkered as any middle class family leveraged to the hilt which believes it deserves a house a little larger than it can afford, two car payments, the weekly fine dinner out and the expensive annual winter vacation.

The 1% aren't the problem. You will have them always with you, by definition. The problem is human nature, and government's failure to correct for it.

Say what you will about "Christian" belief, previously it at least curbed the 1%'s enthusiasm, with the stick of high marginal income tax rates and the carrot of low long term capital gains taxes.

Friday, May 18, 2018

Time article joins The Atlantic attacking the new aristocracy's moats, styling it the Baby Boom even though the author doesn't mention it even once

Here in "How Baby Boomers Broke America", which never once mentions the role of the Baby Boom and is really about how lawyers did it.

Steven Brill should sue.

Thursday, May 17, 2018

A Massachusetts liberal for The Atlantic vaguely realizes that the wealthy have withdrawn their money from productive purposes

In other words, they've behaved like ordinary people behave, as in badly.

This was first made possible in America broadly by the Kennedy and then the Reagan tax cuts (Irish anyone?), which took away the high-taxation-goad that prodded income into productive investments which in turn benefited more people, but this never occurs to the author, here:

[A]round the world and throughout history, the wealthy have advanced the crystallization process in a straightforward way. They have taken their money out of productive activities and put it into walls.

The whole point of conservatism has been that human nature is mixed, so that "class" is mostly irrelevant. The author, however, is preoccupied with it, especially the "New American Aristocracy", which means he's a liberal who is (mostly) convinced some people are more equal than others for various reasons, which he goes to great, and sometimes convincing, lengths to demonstrate, and criticize.

That's a start.

Conservatives answer that good people and bad people populate the whole at every level, and that everyone has a little bit of each in them at the same time. Conservatives also believe that good government is government which encourages the good in everyone and discourages the evil. Bad government denies that this is government's responsibility at all, or it denies that one of these two irreducible facts of life is a fact so that you get liberal government which lets people run amok or tyrannical government which is too restrictive.

The author's answer is more equality when understanding how we all already are equally good and evil would be better. It's the peculiar blind spot of liberalism, the analogue of which in conservatism is failing to see the good in people:

But we do have a blind spot, and it is located right in the center of the mirror: We seem to be the last to notice just how rapidly we’ve morphed, or what we’ve morphed into. The meritocratic class has mastered the old trick of consolidating wealth and passing privilege along at the expense of other people’s children.

Wednesday, May 16, 2018

Good Lord, Jeeves, The Atlantic fired Williamson but keeps nitwit writers who can't write

For example, this boob, who are clearly a college graduate, for whom mines excavate and unearth miraculously all by themselves:

But for all those years, the source material for the arguments have [sic] remained largely the same. ...

A team of archaeologists, historians, and climate scientists have [sic] constructed a history of Rome’s lead pollution, which allows them [sic] to approximate Mediterranean economic activity from 1,100 b.c. to 800 a.d. They [sic] found it hiding thousands of miles from the Roman Forum: deep in the Greenland Ice Sheet, the enormous, miles-thick plate of ice that entombs the North Atlantic island. In short, they [sic] have reconstructed year-by-year economic data documenting the rise and fall of the Roman Republic and Empire. ...

But these mines didn’t excavate [sic] pure silver: Instead, they unearthed [sic] an ore of silver, lead, and copper that had to be smelted into silver. ...

Once in the air, these lead emissions did not stay in one place. Instead, it [sic] wafted with the winds, eventually blowing into squalls and storms over Greenland. ...

The Crisis of the Roman Republic—the series of civil wars and political strife, spanning 134 b.c. to 27 b.c., that brought the Roman Republic to an end— were [sic] associated with a broad period of economic stagnation and disintegration, the study finds. And the early Roman Empire—especially the Pax Romana, the 206 years of mostly uninterrupted peace throughout the Mediterranean—were [sic] accompanied by an economic boom. ...

These simulations allow scientists to estimate how air from the Iberian peninsula—air that, in Roman times, would have been full of lead pollution—wafted up to the Greenland ice sheet. It [sic] also allowed them to distinguish between air from the Iberian peninsula specifically and ambient air from farther east in Europe.   

Thursday, April 5, 2018

And just like that The Atlantic fires Kevin Williamson

Reportedly, here, after learning that Williamson advocates that women who abort their babies should be hung for homicide.

Sounds more like a convenient "discovery" after The Atlantic realized it had made a mistake hiring him in the first place. One almost gets the feeling that Williamson was set up.

Meanwhile The Atlantic tolerates women who actually kill their unborn children, but not someone who merely thinks that's a capital offense.

Tuesday, April 3, 2018

Kevin Williamson laments the passing of classical liberalism, the soil in which libertarians got rich

Well, at least we finally know whose side Kevin is really on. His own. 


[L]ibertarianism has benefited from the fact that American elites are notably more libertarian in their views than is the median American voter. That dynamic was explored by the economist Bryan Caplan under a typically bold title (“Why Is Democracy Tolerable?”) with a typically needling conclusion: “Democracies listen to the relatively libertarian rich far more than they listen to the absolutely statist non-rich … Democracy as we know it is bad enough. Democracy that really listened to all the people would be an authoritarian nightmare.” ...

[T]he United States is for the moment left with two authoritarian populist parties and no political home for classical liberalism at all.

Wednesday, March 28, 2018

National Review's Kevin Williamson looks left and heads to The Atlantic

Where Kevin and his sneering elitism will find a larger audience. Slate's Jordan Weissmann pretends not to get it: "Above all else, Williamson is something fairly rare in U.S. media: an explicit, unrepentant elitist."



Wednesday, March 7, 2018

"Corporations are people" is based on the 14th Amendment, except it wasn't

Adam Winkler of the UCLA School of Law for The Atlantic explains, here.

Thursday, March 1, 2018

Story in The Atlantic cherry picks data about senior poverty

The Census Bureau's new (since 2011 but fiddled with again in 2013) Supplemental Poverty Measure (SPM) shows senior poverty in slight retreat since 2009, but you wouldn't know that from the story here (you'd have to look at the chart to the left here) which says it's up between 2015 and 2016, which it most certainly is, but hey, c'mon. The fact is, the "official" measure shows that senior poverty has dropped big time since the mid-1960s when the rate was knocking on the door of 30%, stabilizing in recent years in the 8, 9 and 10% range:

The problem is growing as more Baby Boomers reach retirement age—between 8,000 to 10,000 Americans turn 65 every day, according to Kevin Prindiville, the executive director of Justice in Aging, a nonprofit that addresses senior poverty. Older Americans were the only demographic for whom poverty rates increased in a statistically significant way between 2015 and 2016, according to Census Bureau data. While poverty fell among people 18 and under and people 18 to 64 between 2015 and 2016, it rose to 14.5 percent for people over 65, according to the Census Bureau’s Supplemental Poverty Measure, which is considered a more accurate measure of poverty because it takes into account health-care costs and other big expenses. “In the early decades of our work, we were serving communities that had been poor when they were younger,” Prindiville told me. “Increasingly, we’re seeing folks who are becoming poor for the first time in old age.”

Friday, December 22, 2017

David Frum is not a conservative


Ideas are not artifacts, especially the kind of collective ideas we know as ideologies. Conservatives in 1964 opposed civil-rights laws. Conservatives in 1974 opposed tax cuts unless paid for by spending cuts. Conservatives in 1984 opposed same-sex marriage. Conservatives in 1994 opposed trade protectionism. Conservatives in 2004 opposed people who equated the FBI and Soviet Union’s KGB. All those statements of conservative ideology have gone by the boards, and one could easily write a similar list of amended views for liberals.

Conservatism is what conservatives think, say, and do. As conservatives change—as much through the harsh fact of death and birth as by the fluctuations of opinion—so does what it means to be a conservative.

On the contray, conservatives believe in a transcendent moral order populated by eternal truths to which they seek to conform human affairs. Jews, for example, recognize these in the Decalogue, Platonists in the Ideas and Hindus in dharma. Infractions committed against the eternal truths do not change the truths, the infractions change us, sometimes for the better but more often for the worse.

Like the sophists, David Frum has chosen the worse, peddling his opinions in a world composed of mere opinion, as changeable as a pair of pants.

That's not conservatism.

Sunday, December 10, 2017

Gene Sperling: Republican tax reform will shift even more corporate profits and jobs abroad

You'd better pray this reform effort fails, for your kids' sake.

In The Atlantic here:

Now that the bill is advancing, it’s clear that things aren’t as bad as many feared. They’re worse. . . .

[T]he tax plan fails when it comes to incentives to shift profits and operations overseas and to curtail the obsession of major multinational companies with international tax arbitrage that has nothing to do with innovation, productivity or job creation. Indeed, the ability to blend income from intangibles and routine profits, and from investment in higher tax nations with tax havens with zero taxes, leads to a worst of all worlds scenario: an even greater corporate focus on international tax minimization through a careful mixture of shifting profits and operations overseas.

If there was one thing the GOP international tax bill was advertised to accomplish, it was that it would favor locating jobs and profits in the United States. It does just the opposite—expanding the degree our tax system tilts the playing field against American taxpayers and American workers.


Tuesday, October 17, 2017

Hillary falls down, again

Breaks toe this time.

In September 2016 she would have fallen down at the 911 remembrance but for handlers to prop her up.

And of course she fell and hit her head after being summoned to testify before Congress in 2012.

And they mocked Gerald Ford for being a klutz.

Story here.

Tuesday, August 1, 2017

Friday, July 14, 2017

Peter Beinart suddenly discovers "projection"

I'm not surprised after he swam in it for eight years under Obama, whose fault nothing was.

Monday, May 15, 2017

Governments often raised funds with lotteries in the past, but how about $7 trillion in FY2017?

I don't think so.

Lotteries started to fall out of favor after 1830, according to the story here, mostly due to corruption. The guys running the things would run off with the dough. So much for the golden age of the past.

Government at all levels in the US will shell out $7.04 trillion in fiscal 2017, 36.5% of GDP.

In 1817 the number was in the neighborhood of $23 million, about 3% of GDP.

The problem with raising revenues today is only a problem because government is too damn big. Spending 3% of GDP today on government at all levels compared with current outlays means they are twelve times the size they should be, $7 trillion instead of $0.6 trillion.

Besides, you couldn't possibly raise enough using lotteries. In fiscal 2014 lottery revenues countrywide barely totaled $70 billion, just 1% of current total outlays.

Every man, woman and child in this country would have to purchase at least $21,757 in lotto tickets this fiscal year in order to fund government at all levels. And that's before any jackpots are paid out, or lottery workers paid.

Or we could just tax everyone that much.

It would be easier and fairer, right?

After all, we're all "equal".

Except 60 million Americans don't make even that much. If government took it all what would they live on?

Hope, no doubt.


Friday, February 3, 2017

Boston mayor claims he doesn't know Boston bombers' immigration history

The Boston mayor pleads ignorance of the inconvenient facts.

But the Atlantic reported at the time of the bombing here:

At some point within their first year of being here, the family would have had to apply for asylum. (If they'd already outstayed their six-month visa, they could have applied defensively if the government was trying to deport them.) Asylum-seekers, like those seeking refugee status, must demonstrate that they have a "well-founded fear" of persecution in their home countries. This is a necessarily subjective determination for the government to make, one that has been subject to various legal decisions over the years. (For those curious: Asylum seekers apply for refugee status from within the U.S.; refugees seek it from their home countries.) ... After a year of holding status as asylum seekers, the family would be eligible to apply for green cards. Again, a security check, which by now would include reviews of the entire immigration application history to ensure that there was no apparent fraud. In 2007, Dzhokhar Tsarnaev — the younger brother, suspect 2 — received this status. Despite early reports, his brother Tamerlan apparently never did. At some point, he returned to Russia to renew his passport, according to his father.

Sunday, December 25, 2016

In England singer George Michael gets a post mortem as a matter of routine, but in the US not Justice Antonin Scalia

From the story here:

The Thames Valley Police, calling the death "unexplained but not suspicious," sent THR the following statement: "Thames Valley Police were called to a property in Goring-on-Thames shortly before 2pm Christmas Day. Sadly, a 53-year-old man was confirmed deceased at the scene. At this stage the death is being treated as unexplained but not suspicious. A post mortem will be undertaken in due course. There will be no further updates from Thames Valley Police until the post mortem has taken place."

Flashback to February here:

[A]fter Scalia died, it was Texas state law, not any federal framework, that guided officials’ actions—and left a single judge to make the call that an autopsy wasn’t needed.

Wednesday, April 20, 2016

47% would have to borrow the $400 for an emergency, sell something, or not be able to pay it

There's that number again.

And you thought the answer to everything was 42.

Story here.

Sunday, March 6, 2016

Peter Beinart notes leftists are upset with liberals who won't "undo systemic justice"

Leave the typo as it is, Peter. You got it right the first time.