The horizon is not so far as we can see, but as far as we can imagine

Month: June 2024 Page 3 of 4

Le Pen Is Delusional But Macron Deserves To Lose

So, Macron has dissolved his government and a French legislative election is on. The Harris Interactive June 9/10 poll shows La Pen with the highest support at 34%, with the left wing Nantes coalition at 22% and Macron’s ENS coalition at 19%. Macron is not on the ballot, but if his party loses power, the Prime Minister of whatever group has the majority will be in control of French domestic policy, leaving Macron to foreign affairs.

Macron has been a terrible President. He got in only because of strategic voting. In the second round, people were too scared to give Le Pen a chance, so they went for him. During his tenure France has been rocked by repeated and massive protests. Economic performance has been bad and his signature move was to increase the age at which people can retire.

This is the Brexit/Trump/Javier problem. To whit, when things are bad for a long time and nothing seems to help, people reach for something extreme. They know the status quo isn’t working and that things keep getting worse no matter who they vote for among the mainstream, so they look for someone or something completely different. Trump is a billionaire, but he doesn’t parse the same as normal politicians. The EU was adopted around about the time Britain went into a severe multi-generational slump manufactured to hurt the working class. The EU wasn’t mostly responsible for it, but the status quo was “things are going to get worse, but if you stay in the EU more slowly than if you leave” and people were willing to throw the dice.

Javier is a libertarian loon who looks and talks nothing like a normal politician, so Argentinians gave him a shot: neither ordinary right nor ordinary left had been able to fix Argentina.

Of course, Javier is a loon, so:

La Pen is delusional, and not a solution. As an illustration:

Le Pen – who calls wind turbines “horrors that cost us a fortune” – would end all subsidies to the solar and wind energy sector, apply a moratorium on both and dismantle already existing turbines.

Solar is substantially cheaper than fossil fuels. Wind varies, in France it seems to be slightly more expensive than fossil fuels, but prices continue to drop, and thanks to Europe’s geopolitical stance the price of fossil fuels is higher than it once was. Even if you don’t want to build more turbines, dismantling already existing turbines is expensive stupidity.

Ending subsidies is questionable, in the sense that if you want to end subsidies and allow “true” competition, you’d also have to end fossil fuel and nuclear subsidies.

But a moratorium is beyond stupid. If solar is cheaper, why not build it?

There’s a lot of this sort of nonsense on the right, “liberals and left wingers like renewable energy and acknowledge climate change, therefor we must oppose renewable energy and deny climate change.”

It’s driven by tribal nonsense, science denialism and desire to keep things the same.

But sticking your head in the sand doesn’t change the fact that climate change is real and happening, or that solar is now cheaper than fossil fuels in most cases.

We can’t fix our problems is we deny reality. It’s that simple. It afflicts the center as well, with their “we’ll win in Ukraine” nonsense and their complete unwillingness to recognize the consequences of austerity and neoliberal politics. They want lots of rich people, so anything that would mean less rich rich people is anathema.

But the right, like Le Pen, are equally delusional. She may do some good things. Perhaps she’ll undo the increase in pension ages, for example. I hope so.

But the right isn’t the answer to real problems. Everything but climate change and ecological collapse, in 20 years, will seem like a sideline, completely meaningless. Any politician who isn’t taking it seriously and preparing for it shouldn’t be in office. Macron was not doing enough, not even close. Le Pen wants to make it worse.

France’s only real chance is to go left: fix the social and economic problems at the same time as dealing realistically with environmental problems.

Perhaps that will happen. If it doesn’t, as with Britain rejecting Corbyn, they will pay a frightful price. The European era is over, but how well France adjusts to its new place in the world will matter a great deal to those who live there, and, indeed, to all of Europe.

Right now the French seem determined to accelerate their decline rather than adapt to new circumstance in a way which is beneficial to them.

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Week-end Wrap – Political Economy – June 09 2024

by Tony Wikrent

 

Strategic Political Economy

骑 虎 难 下

Average Old Democrat, June 02, 2024 [DailyKos]

…What happens to the Republican Party?  Where do they go and who will lead them?

The Chinese have an adage —     – “When you ride the tiger, it is impossible to dismount.”

For the past several decades, the GOP has mounted up on a lot of tigers, none of which will be happy when, post-Trump, the Republican Party tries to dismount and return to being the Republicans I grew up with – responsible, reasonable, fiscally cautious, internationalist, willing to compromise . .

… with Reagan’s August 1980 speech in Philadelphia, Mississippi, and the GOP mounted the Southern white supremacist tiger.

Then there’s the NRA tiger, which the GOP is only to happy to ride.

The list of tigers they must get down from is long — the anti-abortion tiger that now is the anti-contraception tiger; the “great replacement theory” tiger; the reduce and kill Social Security and Medicare tiger; the “teachers are grooming your children” tiger; elections are rigged tiger . . . I could go on and on but you get the picture.

How 1978 Shifted Power In America And Laid The Groundwork For Our Current Political Moment

Joshua Green, January 12, 2024 [Talking Points Memo]

…There is a backstory that illuminates the Democratic Party’s embrace of finance in the years leading up to the [2008] crash — a story that begins in 1978. At the time, Democrats were still reliable partisans of the New Deal, but the steady economic progress of the American middle class was coming to a turbulent end. Jimmy Carter was president. He was struggling, without much success, to manage an economy buffeted by inflation, oil shocks and recessions — problems for which his party had no answers. A conservative countermovement of business groups and Republican politicians was beginning to gather force. One of history’s critical inflection points arrived that fall, when Wall Street made its first deep incursion into the Democratic Party in a way that would have lasting significance, although it passed mostly unnoticed at the time.

The great irony of this early conquest is that it began with Carter’s ambitious attempt to change the tax code to favor workers at the direct expense of Wall Street investors. Instead, Carter and his fellow reformers suffered a defeat so thorough that the financial lobby not only got to preserve its favorable tax treatment, but was able, with Democratic help, to rewrite the rules of the economy in a way that gave Wall Street an enduring structural advantage at the expense of the middle class — the opposite of what Carter had set out to do….

Soon after Carter launched his presidential bid, [Charls] Walker took over a sleepy financial industry trade group called the American Council on Capital Gains and Estate Taxation and rebranded it as the more exalted-sounding “American Council on Capital Formation,” a euphemism for the aggressive accumulation of wealth. Walker began pushing the idea that the economy’s productivity crisis could be solved if the government changed the way it induced business investment. Since the New Deal, the preferred method had been the investment tax credit, which rewarded companies for building factories. This generally satisfied labor interests, since factories produce jobs. The major business lobbies like the Chamber of Commerce and the National Association of Manufacturers liked the investment tax credit because many of their members were large industrial corporations. Carter’s plan to eliminate the capital gains preference didn’t threaten them.

But it terrified Wall Street. Walker’s project was to pull off a feat of legislative legerdemain by persuading lawmakers that the solution to U.S. economic malaise lay in shifting the government’s focus to encouraging capital formation — a move that would, its backers insisted, revitalize the supply side of the economy by spurring investment, unleashing entrepreneurial energies and turbocharging productivity. In practical terms, this meant preserving the biggest giveaway to investors in the tax code: the capital gains preference….

What Is Israel’s Goal In the Gaza War?

I think it’s worth emphasizing that based on actions—priority targeting of hospitals, health workers, journalists and civilians;  and cutting off food and water while not accepting ceasefires agreements which would have returned the hostages, that the Israel’s goal is genocide.

There are no significant signs that they are defeating Hamas, and their actions, as opposed to their words, don’t indicate that was ever the intention. Certainly rescuing the hostages isn’t an important goal.

I think Israel would accept ethnic cleansing if they could find someone to take the Palestinians, but since they can’t, mass murder is the goal.

This is consistent with Israel’s history: it’s a colonial settler project where the goals has always been to remove Palestinians and occupy their land and, if not ruined, even their homes.

The WHO estimated that up to a million Gazans were at risk of death due to famine by next month. The longer the war and the blockade goes on, the more will die.

Back in 2006 I wrote that Israel only had two options for its future:

  1. Accept Palestinians as citizens and create a single, secular, state; or,
  2. Genocide or ethnic cleanse the Palestinians.

And so it has come to be.

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The Real Test Of The Gaza War Will Be The Israeli Invasion Of Southern Lebanon

Israel’s been talking smack about invading Lebanon to occupy southern Lebanon up to the Litani River for some time. (The southern-most river on the map.)

Lebanon has been wrecking havoc in Northern Israel with missiles and drones and Israel has been able to do very little to stop them. Although Hezbollah usually hits military targets recently an attack caused a wildfire and the attacks, even before the wildfire, had caused most of the settlers in the northern region to flee, for example:

Settlers residing in Kiryat Shmona are now at 3k, down from 24k before Hezbollah started operations WSJ cites the settlement’s mayor: 40% don’t intend to return & they are among the settlement’s richest.

(Ian – AKA: those with other options aren’t returning.)

General consensus seems to be the attack is most likely in August or September.

Israel has completely lost deterrence against Hezbollah. Their air strikes don’t make Hezbollah stop and if they go to full air war, Hezbollah will go to full missile war. The only way to reduce the strikes is to control enough of Lebanon so that the shorter range weapons can’t reach Israel.

It’s unclear if Israel will actually invade, but there’s a strong argument they have no choice.

According to an analyst who’s been fairly good thru the war, it seems likely the total number combat soldiers will be about eighteen thousand, twice as much as the 2006 invasion.

About half of them will be reserve soldiers.

In 2006, the last time Israel invaded Lebanon, Hezbollah won. If I were a betting man I’d give 3:1 that Hezbollah wins. The Israeli army has not covered itself in glory in Gaza and Hezbollah’s troops are battle-hardened veterans of the long Syrian civil war, plus are heavily dug in with tunnel networks and bunkers.

No doubt America will provide some assistance, but unlike a Hezbollah ground invasion scenario, it’s unlikely the US will commit troops on the ground or serious air-power to an Israeli invasion. On top of that it’s clear that Biden’s beginning to realize that the Israeli war is costing him electorally, and he’s unlikely to want to get drawn in further.

If Israel actually invades it is a truth moment: until they do, they can bluster and act tough, but if they invade and lose everyone will know how weak they’ve become. At that point truly all they will have left is their nuclear deterrent: the Israeli military, once considered the finest in the world, will be derided as a joke. If Israel doesn’t invade, this will be why: they’re avoiding losing what’s left of the reputation of their military.

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Do You Have Any Moral Absolutes?

I’m curious as to whether readers have any moral absolutes — actions they believe are never acceptable, or actions they believe must always be taken.

I’ll name two of mine: rape and torture are never justifiable as far as I’m concerned.

Do you have any moral absolutes? If so, what are they?

(Be polite in comments when discussing other people’s moral absolutes.)

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Did The Houthis Hit The USS Eisenhower May 31st?

Well, the Houthis said they did. And it would seem unlikely, except that immediately after the Eisenhower withdrew north at top speed.

Aircraft carries are incredibly difficult to take out, but it wouldn’t be difficult to mess up the flight deck and at a guess, that’s probably what happened.

On top of that “it’s been five days since the Ike’s regular twice-a-day cargo deliveries via C-2 transport have taken place.

I don’t know if the Eisenhower got hit, but—its actions are rather suspicious.

If the Houthis can get in even a slight hit, or scare off an aircraft carrier, what do you think China, Russia, Iran or even Hezbollah could do?

Put me on team “aircraft carriers are floating ducks in the modern missile environment.” And since the US Navy is built around aircraft carriers, well…

The thing is that everyone who was likely to fight a war against America knew that the US’s big gun was aircraft carriers and they’ve spent thirty years figuring out how to defeat them.

America is a maritime Empire and it can’t even defend trade against a bunch of tribesmen.

 

Now it can’t even keep an aircraft carrier on station to try and protect traffic.

Another nail in the coffin of American Empire.

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India Is Cooked

On May 29 New Delhi was 52.9 degrees Celsius (127.2 F), only 1.5 degrees less than the world record from Death Valley.

Records are being set all over the world:

And this is in May, which is, in a way, a good thing, since humidity is relatively low and the wet-bulb temperature wouldn’t have been as high as it would be, in say, August. At a humidity of 66%, people would have been dropping like flies.

I have noted, for many years now, that I do not expect India to survive and that I expect, along the way, large famines and death tolls of at least two to three hundred million.

Temperature is only part of it, but it’s not going to be a small deal. Most of India’s groundwater is contaminated, and while some states are fine, many are over-using groundwater to the extant that farmer suicides because wells drying up are a regular event. As the Himalayas get hotter and glaciers dry up, rivers will first swell then either die or have far less water in them. (The Monsoons, at least, will be stronger in most areas of India.)

The combination of less water, more heat, extreme weather events and unreliable planting seasons means that at some point India’s harvest is going to fail in a big way. If this was a “India only” problem, well, the rest of the world could get India thru, but it isn’t, India’s just one of the most vulnerable countries.

In most famines, there’s enough food, it just isn’t distributed to people who need it, but we are going to have famines where there just, genuinely, isn’t enough food, period and India is very vulnerable to this.

(This is, as an aside, one of the main reasons for the China/Russia alliance. China has great difficulty feeding itself, and Russia has massive food surpluses. China wants and needs to be first in line when food becomes scarce.)

Now there are potential solutions to a lot of this, but India, though ostensibly rich in GDP terms, isn’t rich on the ground and has terrible state capacity. China will be able to implement effective public policy for quite some time. India won’t.

Finally, and I want to return to this, the fact that population replacement rates are falling around the world is GOOD, not bad. We have too many people and are in classic population overshoot. Increasing population is the idiot’s way of increasing GDP. (Canada and Britain, take note.)

So one good piece of news for India is that population is now at replacement and in many states has fallen below replacement. But, it’s a little too late, I fear.

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Week-end Wrap – Political Economy – June 02 2024

by Tony Wikrent

 

Strategic Political Economy

Can Democracy and Billionaires Coexist?

Sam Pizzigati, May 30, 2024 [inequality.org]

…Back in that same 1976, the always helpful World Inequality Database reminds us, the 40 percent of Americans in the nation’s statistical middle held just over a third of America’s wealth, 33.7 percent. The top 1 percent’s considerably smaller share that year: 22.6 percent. Today’s story? Our richest 1 percent hold just about 35 percent of our nation’s wealth, our middle 40 percent less than 28 percent.

The wealthiest of our wealthy, a just-released report from Americans for Tax Fairness points out, are doing their best to keep these good times — for America’s rich — rolling.

“Just 50 billionaire families,” the new ATF report details, “have already injected more than $600 million collectively into the crucial 2024 elections, with that number sure to show accelerating growth in the final six months of the campaign.”….

What can we do to significantly limit how deeply political candidates can feed at the billionaire trough? The Billionaire Family Business — the new Americans for Tax Fairness report — advances two core recommendations.

Off Leash: Inside the Secret, Global, Far-Right Group Chat 

Ken Silverstein, May 30, 2024 [The New Republic]

Military contractor Erik Prince started a private WhatsApp group for his close associates that includes a menagerie of right-wing government officials, intelligence operatives, arms traffickers, and journalists. We got their messages….

All of which makes Off Leash arguably more concerning, because the group can’t be dismissed as merely a collection of harmless cranks. Many of the participants, though not all household names, are wealthy and politically wired—which makes their incessant whining in the group chat about being crushed under the bootheel of the deep state particularly grating—and they will collectively become wealthier and more influential if Trump wins the November election. That’s especially true of the Americans in the group, but the same holds for the international figures because the global right will become immensely more powerful and emboldened if the former president returns to the White House. That prospect is a source of great hope to Off Leash participants. “Trump, Orban, Milei, it’s happening,” former Blackwater executive John LaDelfa posted to the group during a trip to Argentina on December 4, two days after Prince created it. “Around the Globe, we are the sensible, the rational, the majority. Don’t give in to fear. We will defeat the Marxists.”….

Off Leash was launched less than two months after Israel commenced its assault on Gaza following Hamas’s deadly October 7 attack on Israel, and that topic has been one of the group chat’s main concerns since it was established by Prince on December 2….

But Biden was merely a figurehead controlled by “elements that are actually ruling for the Deep State,” he continued. The real problem was that Democrats had been “in cahoots with the Muslim Brotherhood and infiltrated by their proxies and agents, as well as Ayatollah sympathizers” ever since President Bill Clinton’s administration.

With the Democratic Party captured by Islamic terrorists, Marxists, globalists, and other foreign and domestic evildoers, the U.S. was “being destroyed from within,” warned Kasraie, whose fears were shared by many among the Off Leash crew.

 

US Immigration: How many people are coming to the US and where are they coming from?​ 

[Angry Bear, via Naked Capitalism 05-29-2024]

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