US Politics : Biden 100 days edition

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How it started...

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How it's going...

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Hmm....

 
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Quite a good opinion piece (for once) in the NYT.

Trumpism Without Borders

Acemoglu continued:

It is imperative that we build better international/supranational institutions, but I do not see us going in that direction. On the contrary, I think whatever institutions we have (which are highly dysfunctional, including the WHO) are getting weaker and more captured.
Jack Goldstone, a professor of public policy at George Mason University, emailed me to say:

Globalization, concentration of capital, rapid population growth in poor countries, technological change (robots and digitization) and climate instability have all produced higher inequality, surges of international migration, and put stress on farmers, workers, craftsmen, and rural/small-town populations while concentrating growth and opportunity in the major metro areas of O.E.C.D. countries plus China.
These trends, Goldstone wrote, have

left hundreds of millions of people in countries from India and Brazil to the U.K. and the U.S. resentful that the stable, prosperous life they expected has been taken from them. As a result, many have turned their anger against foreigners, minorities, and elites who they blame (with elites, rightly), for promoting changes that benefited themselves and neglected them.
While most of the challenges “are best handled by international cooperation,” Goldstone argued,

unfortunately, global governance has been a great disappointment. Russia has basically pissed on it; Trump repudiated it, and China sought to benefit from it by seeking to call the shots in old and new multinational organizations in which it has sought a leading role.
Three recent reports explore stresses within the international order: “Global Trends 2040,” a March publication of the National Intelligence Council; “2021 Annual Threat Assessment of the U.S. Intelligence Community,” issued by the director of national intelligence; and “Poverty and Shared Prosperity 2020” from the World Bank.

The Global Trends report found that multinational “superstar” firms are driving economic globalization:

These firms captured approximately 80 percent of economic profit among companies with annual revenues greater than $1 billion in 2017 and earned approximately 1.6 times more economic profit than they did in 1997.
In addition,

the economic factors that support the rise of global superstar firms, including high fixed costs, low marginal costs, network and platform effects, and machine learning, are likely to persist through the next two decades.
 

DA-LION-619

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White supremacist groups, quite frankly, don't have the capabilities, finance, or dedication to carry out something like 9/11. White supremacist attacks are generally limited in scope (in terms of fatalities) simply because there are so few actual white supremacists in the US despite the usual fear-mongering from the left-wing press.
Yeah let’s just ignore a group like the Oath Keepers. You know there were a ton of things done after 9/11 to prevent something like it happening again right?

The vast majority of people talk big on social media but turn into squeamish little mice in 'real life. How does one actually determine a priori, what is a serious threat and what is not? It is exceedingly hard to do.
A paramilitary group organising over unencrypted comms with an app like Zello.
Seems kinda like a serious threat.

It is domestic terrorism though:
Domestic terrorism involves violence against the civilian population or infrastructure of a nation—often but not always by citizens of that nation and often with the intent to intimidate, coerce, or influence national policy.
That’s correct, the insurrection was domestic terrorism.
 

NarrowBandFtw

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NarrowBandFtw

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Good piece here on the relative risk of inflation and the massive opportunity cost of overreacting to it.
BS propaganda, every super power in history, ever, thought it could let inflation run and control it, hence they were replaced by another super power instead
 

rietrot

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Lol. When you choose a geriatric over a total wanker.

And people are complaining that politics have become boring
Making fun of a senile old man is boring. The left relishes childish insults and could go on about how orange Trump was for years but on the other side of the political spectrum we have better things to do.
 

rietrot

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Quite a good opinion piece (for once) in the NYT.

Trumpism Without Borders
I think the globalist view of better international institutions is silly and unworkable. These things tend to get bogged down in bureaucracy and politics if it gets big. It is exactly the problem with the WHO, UN and EU and whatever alphabet international org/structure you can think of.

We need strong local independent institutions with global cooperation/communication.

It is a good opinion peace. The author is just incorrect in this conclusion.
It is imperative that we build better international/supranational institutions,
nope stronger local, and he explained why perfectly.
 
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rietrot

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BS propaganda, every super power in history, ever, thought it could let inflation run and control it, hence they were replaced by another super power instead
Our reserve bank does it with target and then increase or decrease interest rates. That's letting inflation run and controlling it.

We'll see how much US rates go up. I doubt it. They export their inflation to the rest of the world. So it is unlikely to be a real problem. I don't think they could ever reach 10% never mind hyperinflation. Just because there is no other viable alternative. Everyone else are also printing.
 
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