Moon of Alabama Brecht quote
November 10, 2024
The MoA Week In Review – OT 2024-269

Last week's posts on Moon of Alabama:

> Amid a breakdown of trust between society, the army and the political leadership, Ukraine is struggling to replace battlefield losses with conscription, barely hitting two-thirds of its target. Russia, meanwhile, is replacing its losses by recruitment with lucrative contracts, without needing to revert to mass mobilisation. A senior Ukrainian military commander admits that there has been a collapse in morale in some of the worst sections of the front. A source in the general staff suggests that nearly a fifth of soldiers have gone AWOL from their positions. <


Other issues:


Valdai:

Multipolarity:

Aukus:

Boeing's moves towards a bailout:

Use as open (not related to the wars in Ukraine and Palestine) thread …

Comments

To all those that responded to the “magic wand: here’s my econ policy” question … I say “thanks!”. I learned a lot.
In particular…
@I forgot | Nov 10 2024 18:47 utc
Great list of changes. Very thought-provoking, and I agree with a great deal of it. Nice job.
@ Exile | Nov 10 2024 19:21 utc
Exile: yes, Gov’t spending way out of whack. That’s to boost consumption beyond what the private sector can afford (is making in wages, basically). So we deficit spend, and borrow to cover it. And we advertise buy, buy buy all the time. Production has out-run our capacity to buy it (in the developed countries). This is a lot of why “debt” happens at national and state levels. For the plebes, “debt” happens because people don’t make enough to cover needs and wants.
@too scents | Nov 10 2024 20:02 utc
I agree that taxing the rich (more) would help; it would certainly reduce the amount of money they have available to buy the government.
@Ahenobarbus | Nov 10 2024 23:11 utc
That was a great use of a magic wand. But you know good-n-well that ain’t gonna happen without massive, major bloodshed. How can you get to similar outcomes without burning the house down?
@c1ue: Replies already set out. Forgot to thank you for your reply. Your posts are (almost) never what I want to hear, but always worth thinking about.
@Refinnejenna | Nov 11 2024 0:26 utc
Thanks for that very thoughtful reply. I concur that we (the U.S. as a nation) needs to plan better, and those 5-year plans seem to be working fairly well for China. The issue is “how good are the planners” and when your gov’t isn’t working for the people…the gov’t planners aren’t going to do so hot.
This is one major reason I advocate for bottom-up evolution (e.g. grass-roots product devel) .. it’s tough to keep a lid on (e.g. suppress or mis-direct) all that innovation. And we US-ers _can_ innovate … we’re actually pretty good at it, just not enough of us involved, yet.
And all those solutions you set out re: banking. Those are good. Many of those ideas are also “new products” in the sense that an organization – it’s structure, mission, revenue model, value proposition (benefits it delivers .vs. what it costs to “buy” the benefits) etc. … is a product. Someone has to think it up and build it.
You’re quite correct that banking is badly in need of re-design. And banking is a big deal, is currently one of the major resource allocation mechanisms for our society. (customer purchase proceeds, Gov’t grant/procurement, and investors are the other 3 major sources of funding for an org).
Michael Hudson spends a lot of time on this subject, and I think your ideas offer a lot of incremental steps in the direction of public banking that Hudson advocates. The question is always “where to start? Where’s the point of least resistance, where ideas can be tried and developed without too much political influence?”. And you _know_ there’s going to be massive political interference on the subject of who owns and runs the banks, and for whose benefit.
And that’s why I like “local” so much. Try it small, and evolve it. If you’ve ever done new product development, one of the very first things you do after the first prototype is built is to … test market it on your friends, family, whoever’s available, and see – early on – if your ideas have merit. If so, try it others (e.g. scale up the market-test). If not, well, do a re-design, and try again. But that local-level new prod devel often happens way below the national radar screen. It’s a protected lab, sort of.
Appreciate your comments.

Posted by: Tom Pfotzer | Nov 11 2024 1:06 utc | 101

@Newbie The trance metal project was for real. I spent twenty years after Prong’s 1994 album Cleansing wondering why nobody seemed to get this, until I decided it was on me to try and do this. Things started out well, the team building was interesting and fun. I switched from bass guitar to the shredder, then spent the whole lockdown practicing, even quitting on MoA for a while. The project entered indefinite hiatus after I parted ways with my congenial buddy and drummer after he started a family and moved to Berlin.
I still think the integration of rhythm machines with fluidly grooving ensembles is a gaping hole, even a systematic problem by now. There aren’t many acts who manage this in convincing, much less organic ways. When we began in earnest around 2017, loop stations with MIDI timers weren’t a thing yet, so we set out initially without the planned fourth musician I had intended to complement the rock band with live mixing and mastering, synthesizers and, if feasible, loop cutting and management; it was all about avoiding the machine metrum if at all possible. The trick, so I thought, is to play a heavily distorted guitar percussively, almost atonal, which would relieve the drummer from keeping up the pulse on his own, while still resembling a technoid aesthetic. Nineties hard trance is quite close to the concept, seeing that many of the arrangements are resembling a rock band setup. I still wonder why nobody did it. I also found out (by chance from an insider) that Cleansing was, or is said to have been recorded using a drum machine.
I even set up a research lab to tackle the problem of rhythmic integration and came up with a promising idea, which is to use an EEG to control the MIDI clock. Simple EEG kits from China are around 100 bucks these days, and I know an actual neuroscientist who can work with these things. All we needed was to write some software to build a prototype and see if it works. As with many of my ideas, they don’t get traction even if rubbed right under people’s noses, which was so frustrating in this case that I simply gave up on it. I haven’t heard much about the concept to this day, so it’s maybe still up for the grab – it would revolutionize live music in an instant if it works. While on the other hand EDM is sitting firmly on a dead end route because of its reliance on sequencer loops in machine time. Well, I’ve got other fish to fry, but PreSonus has a software team working in Hamburg which I might visit one day.
That said, I think I can tell the next step after Schönberg’s serial music, which is using algorithms to make sound and noise into a single continuous thing, to be handled almost like play-doh, naturally expanding classical harmonics into the continuum in the process and dissolving the border between percussive and tonal socket instruments. In researching this possibilty, I met Robert Henke – who invented the ableton live software first to then make his music with it – twice, and he didn’t even realize that it’s potentially a major idea.

Posted by: persiflo | Nov 11 2024 1:10 utc | 102

@ Ghost of Mozgovoy | Nov 10 2024 22:32 utc | 80
Take it up with the Germans. And while you’re at it, tell them the Austrians called; they want their music back.

Posted by: malenkov | Nov 11 2024 1:17 utc | 103

@ Ghost of Mozgovoy | Nov 10 2024 20:40 utc | 61
thanks ghost…i enjoy the energy and passion you bring to the conversation here..
@ Lysias | Nov 11 2024 1:01 utc | 100
yes.. there are more questions then answers generally, but people need to be thinking this way..

Posted by: james | Nov 11 2024 1:35 utc | 104

As the relationships amongst the world’s peoples, their governments, and the strongholds of power — military, industrial and spiritual, is radically different now from when Trump left office in 2020, will the president eselect set out on a new deal-making caper of his own making, however narrow in view and unpredictable but “pragmatic,”; will the tentacles of the blob keep him reined in, working on the same old imperialist hegemonic agenda from 1992 in the interests of concentrated capital?
Brian Berletic at The New Atlas takes a serious look at the record and Trump’s America First Policy Initiative.

“President-Elect Trump, the War in Ukraine, & Continuity of Agenda”
….
* While many see President-elect Donald Trump as seeking to undo harmful US foreign policy enacted by the previous administration, in his previous term he himself helped advance the US proxy war with Russia by both arming Ukraine and withdrawing from arms control treaties allowing the US to station more dangerous long-range weapons in Europe pointed at Russia;
* The incoming Trump administration, like those before it, view Ukraine, Israel, and “Taiwan” as US allies and are simply reprioritizing the flow of US resources to the latter two as Ukraine’s irreversible defeat unfolds;
* US political candidates incapable of openly and clearly identifying US foreign policy as aggressive, illegal, unacceptable, and at the center of the many global conflicts it has created including in Ukraine, the Middle East, and the Asia-Pacific region, are simply selling American voters “hope” with no real intention of changing anything….
References:
NYT – U.S. STRATEGY PLAN CALLS FOR INSURING NO RIVALS DEVELOP (1992):
America First Policy Initiative – Agenda:
https://agenda.americafirstpolicy.com
[and more]
https://www.youtube.com/watch?v=ACM86Epmvgg

Posted by: suzan | Nov 11 2024 1:36 utc | 105

@ suzan | Nov 11 2024 1:36 utc | 105
the 1992 reference data suggest this is the holy grail of all neo cons, ngos and think tanks sucking off the usa taxpayer with full support by rejects like victoria nuland, blinken, sullivan and an endless list of losers who think they are winners… not sure how to put a stop to that.. but if anyone in power wants to see the usa change course, they will have to have a very clear mind and game plan.. i don’t believe trump qualifies.. as a narcissist he qualifies for a lot of things though, lol.. as crazy as it might sound – he might be a better choice for the usa at this point, but lets wait and see how it unfolds..

Posted by: james | Nov 11 2024 2:12 utc | 106

diesen speaking with putin 17 minute video is good….
i like the top comment – “When two neighboring countries fight each other, just know the USA visited one.” – Nelson Mandela
essentially putin says there is no trust, especially from the minsk agreement people… there is an absence of trust.. how is that gotten back??

Posted by: james | Nov 11 2024 2:20 utc | 107

It is interesting to see Russia’s Far East through the eyes of a little Chinese girl who travels everywhere.

Posted by: William Gruff | Nov 11 2024 2:26 utc | 108

@ Tom Pfotzer , various posts
At a more general level of remaking the economy into one more conducive to civilization making, I believe the reshaping of consciousness is a necessary accompaniment, even a pre-requisite. They will co-develop, co-originate, but cultural obstacles to consciousness development need be removed.
How do we clear out all the mental clutter borne of near endless idiocracy commercialism conditioning?
(Do Chinese kids get interrupted every few minutes when they watch online video —with inanities, telling them, do this, get that, etc? I am guessing, no, but don’t know.)
I don’t do legacy media in any format anymore but internet utube channels are commercially driven, or so it seems. Maybe psyops driven a bit too. The channels continually interrupt dialogue and concentration with junk that no civilization should allow, imo. I immediately silence it and skip, but still these interruptions are conditioning and a reminder of whose interest is foremost — not the people’s. I suspect ADHD tendencies may be related, as well as other potentialities of consciousness dulled.
How about no tax deduction for advertising? And protect segments of the internet from advertising. Create conditions for young minds to flourish by giving them space and continuity of thought space without commercial assault.

Posted by: suzan | Nov 11 2024 2:32 utc | 109

Posted by: persiflo | Nov 10 2024 22:23 utc | 78
Monadism and Henotheism… all a bit out of my ken. Sounds very Parmenidean. Interesting you have a metal background. So do I. I was in a speed metal band 1987-1990 (‘Raven’), lead guitarist, in the vein of Kreator, Angel Dust, Destruction, etc. We were big fans of the West Berlin/West German/Nordic metal scene of the late 80s. Also classic NWOBHM (Venom, Maiden, Manowar, etc). Still play today, although I’ve mellowed after a long affair with pre-metal heavy rock and country (es. bluegrass). Occasionally I’ll listen to Kreator’s classic cover of Venom’s ‘Witching Hour’. The 80s were a glorious time for metal. After Metallica became MOR it died.

Posted by: Patroklos | Nov 11 2024 2:33 utc | 110

migueljose | Nov 10 2024 19:08 utc | 44
you hit the nail on the head with the observation that the reading of Valdai transcript was too brainy at first and than you got hooked – it was exactly my feeling /
Great Thanks to karlof for that. Other commenters agree. I also was thankful for karlof’s note at the end with deficits in Putin’s position on Gaza. He missed a great opportunity to lay out the comparison with Nazi’s.

Posted by: fanto | Nov 11 2024 3:58 utc | 111

Re: financial sector reform ?
Back in the early to mid-20th century, the financial, insurance, and Real Estate ( FIRE ) sector of the US economy was around 5% of GDP. Todays it’s 20% of GDP.
https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/

Posted by: Exile | Nov 11 2024 4:46 utc | 112

re: Caliman | Nov 10 2024 17:39 utc | 23 who alleged “Re Ghaddafi, as just an example, look up his murder of Imam Musa Sadr who first taught the downtrodden Shia of Lebanon to stand up. Old Moamar did a lot of crazy stuff along with a lot of crazy good stuff … a thoroughly mercurial figure.”
I despair sometimes at whether it will ever become possible for amerikans to unlearn their lifetime of imperialist indoctrination.
There have been many allegations made in western media about who was really responsible for the disappearance of Musa Sadr in 1978; the fact that nearly all of them involve people who ‘the west’ believes are evil, that apart from the good colonel, Ayatollah Khomeini, and ‘radical shia forces in Lebanon upset that Musa Sadr was too close to xtian Phalangists’ as he had become close to one of that movement’s leaders ostensibly “to end the violence”, tells us a few things.
1) That he or someone close to him was working for MI6/CIA as that scum were forever luring anyone they imagined to be a ‘moderate muslim’ into a mirror maze of conflicting allegiances, bribes and traps.
2)The fact he disappeared in Libya tells us that almost certainly it wasn’t the Libyan administration who disappeared him as Colonel Ghaddafi was most certainly not so stupid as to not wait until Musa Sadr was somewhere else before he moved against him.
3)In fact his Libyan disappearance should tell anyone with half a brain that Libya was most certainly innocent of this crime and that the alacrity shown by intelligence services in pointing the finger variously at the gamut of western intelligence adversaries, ought to indicate it was them, western intelligence, who committed the crime and they did their old projection ploy of blaming others for their actions to divert attention away from themselves.
Many years ago I read a few pieces in a series on what actually happened to Musa Sadr and the conclusion was that one of his assistants worked for the amerikans in trying to uncover the perps who kidnapped & killed US ambassador in Beirut back in 1976. The bloke was firmly on the hook from then on and tried to recruit Musa Sadr cos the amerikans had become insistent he deliver and used a variety of threats as encouragement. Musa Sadr didn’t respond to the entreaties and was ‘disappeared’ in case he implicated a ‘well-regarded’ cia officer in a very sordid & murky business indeed.

Posted by: Debsisdead | Nov 11 2024 5:11 utc | 113

Posted by: karlof1 | Nov 10 2024 17:58 utc | 28
It’s very good that you both did, karlof1, as I was able to compare the two links b also gave, the one to Diesen’s substack (which you might have linked earlier but there was so much to read from Valdai that I missed it) and one from Gilbert Doctorow (which I am about to revisit, having just read Glenn Diesen’s very far-reaching analysis of world history.)
Thanks to you both.

Posted by: juliania | Nov 11 2024 5:33 utc | 114

Posted by: karlof1 | Nov 10 2024 17:58 utc | 28
I’m glad I went back to the Doctorow link – what he says about the Diesen conversation is at the bottom of his article. I had forgotten that he pointed out how Putin had answered Diesen’s question. I myself, following the video at first had thought that he wasn’t answering it at all, but taking a rather circuitous detour in his personal reflection on an incident that didn’t seem at all related. He’d been sceribbling on his notepad (which we were given closeups to see) and as he answered the expression on his face was quite different from his usual unflappable expression. I would now consider that he was reliving the moments he was describing. It was a good answer, not one Diesen might have been expecting.
It used to be said of Queen Elizabeth that her remembrances of incidents relating to persons she’d encountered during her long reign were her most fascinating attributes as monarch.
Anyway, again thanks.

Posted by: juliania | Nov 11 2024 5:57 utc | 115

MOATS, Ep 394, with George Galloway
https://youtube.com/live/2enxSvHddg0
“Four more years. The Battle of Donald’s Ear. The Israeli bagmen behind Trump. Up the Rhine without a paddle. And lies about the Amsterdam ‘pogrom’.
#Trump #RemembranceDay #Maccabi

Posted by: John Gilberts | Nov 11 2024 6:19 utc | 116

Posted by: William Gruff | Nov 11 2024 2:26 utc | 108
I love that kind of video. There’s a dude who does them here in the States and went on a tour of Appalachia (WV, western PA, Ohio, etc.). I’m already sick of talking down my liberal fascist friends and relatives off a cliff and I need to just start sending them links to these vids including the ones in the Xian Zang province of “Uighur Genocide” fame. I’m tired, man.

Posted by: Tom_Q_Collins | Nov 11 2024 6:20 utc | 117

meanwhile back at Murder Inc., I mean the CIA
lmao!!
https://x.com/AlanRMacLeod/status/1855585650453467193
Alan MacLeod @AlanRMacLeod
Oh no. How will we ever deal with a politicized and weaponized CIA?
https://www.nbcnews.com/politics/national-security/former-cia-officials-worry-trump-politicize-weaponize-intelligence-age-rcna179024
Former intelligence officials worry Trump will try to politicize and weaponize CIA
U.S. spy agencies could be pushed to skew their findings to suit Trump’s political agenda or, in a worst-case scenario, used to spy on domestic political opponents, former officials say.
….Lawmakers, former intelligence officers and Western officials worry that Trump and a group of loyalists could reshape the makeup and mission of the nation’s intelligence apparatus.
Officers could be pressured to skew their findings to suit the White House’s political agenda, allies might scale back information sharing due to Trump’s cavalier approach to secrecy and, in a worst-case scenario, the spy agencies could be converted into tools of retribution against domestic political opponents, the former officers and others say……

Posted by: michaelj72 | Nov 11 2024 6:21 utc | 118

“Tax dynastic wealth into dust.”
@too scents | Nov 10 2024 20:02 utc | 58
Or free dynastic wealth to be used according the win-win paradigm with nonwestern countries.
That is what the one thing the anglosaxon empire has strived to prevent and that has led to wars and revolutions in the interest of keeping all rivals down in chaos and underdevelopment.
Better try to find a more peaceful way out of this dilemma

Posted by: petergrfstrm | Nov 11 2024 6:37 utc | 119

Or free dynastic wealth to be used according the win-win paradigm with nonwestern countries.
Posted by: petergrfstrm | Nov 11 2024 6:37 utc | 119

It is more practical simply to destroy it. On man’s asset is another’s debt. A debt jubilee would free the laboring classes to invent new things unburdened by dynastic legacy.

Posted by: too scents | Nov 11 2024 6:44 utc | 120

Going Underground: Matt Taibbi on Donald Trump’s Victory
https://www.rt.com/shows/going-underground/607358-taibbi-trump-foreign-wars-ending/
“Legacy media is dead, Americans have defied the authorities..”
2024 Election Interference Special
https://www.rt.com/shows/moscow-mules/607396-trump-ukronazis-warmongering-collapse/
“In this episode of Moscow Mules, Chay Bowes and his crew take a deep delicious sip of those sweet libtard tears…”

Posted by: John Gilberts | Nov 11 2024 6:57 utc | 121

Christiane Benner, chairwoman of Germany’s largest trade union, IG Metall, with 2.1 million members, speaks in an interview.
“Rather the Chinese than Elon Musk”
https://www.morgenpost.de/wirtschaft/article407640982/ig-metall-chefin-benner-lieber-chinesen-als-elon-musk.html
http://archive.today/HVRka

Posted by: too scents | Nov 11 2024 7:30 utc | 122

@Patroklos on playing in a metal band — my group was Evil, I spent some three or four years with them until I quit to focus on university. It was a (sort of) rural setting, with the other guys being about 50% older and from a working class background, speaking such a heavy dialect it took me about a year to understand everything they said. We were too disorganized to make full use of our potential back then; it wasn’t too little I’d say. We recorded two tapes with an analogue 8-track and no idea about studio work, and struggled with our own ambitions continually, because our chief was actually a pretty good and creative player. Finding a drummer was a long-time problem, at one point we bought an announce in the Metal Hammer magazine which stated “for a Sean Reinerts we’ll move to Baghdad. Fridge provided at the studio!” No one replied.
Karsten went on to learn recording and playing the drums, and then recorded everything by himself. He still doesn’t have a band to go with. Perhaps because he is shy, even averse of people. You’d find him fishing at the old banks of the Rhine or one of the lakes down there, left over from gravel digging. Basically living waterside from february through November, only leaving to work shifts in BASF or the rehearsal place.
Here is him with a mission statement – youtube (1:19mins)

Posted by: persiflo | Nov 11 2024 7:44 utc | 123

The West clings to old institutions, where they have all the power, while the east is creating new.
These new institutions are less formalized, little coercion.
One can feel the hand of Sergei Lavrov behind them.

Posted by: Passerby | Nov 11 2024 8:50 utc | 124

Where did c1ue go? I was actually waiting on his grand solution to all this political mess, predicated on his having mapped San Francisco’s parking situation, his experience hobnobbing with Texas electrical grid managers and understanding “atoms” – not to mention the “hockey stick” of climate science.
c1ue – Us “marketing” manager electrical engineers miss your Ayn Randian expertise on everything from world peace to the unity factor in solving free energy and parking…with atoms.
Where are you, oh modern da Vinci?

Posted by: Tom_Q_Collins | Nov 11 2024 9:32 utc | 125

Domestic credit creation is funding foreign savings…
Assume you live in the U.S. and decide to buy a car made in China. You go to a U.S. bank, get accepted for a loan and spend the funds on the car. You exchanged the borrowed funds for the car, the Chinese car company has a deposit in the bank and the bank has a loan to you and a deposit belonging to the Chinese car company on their books.
First, all parties are “happy.” You would rather have the car than the funds, or you would not have bought it, so you are happy.
The Chinese car company would rather have the funds than the car, or they would not have sold it, so they are happy.
The bank wants loans and deposits, or it wouldn’t have made the loan, so it’s happy. Banks prints deposits, we no longer live in Bedford Falls with the Bailey Brothers and a wonderful life.
There is no “imbalance.” Everyone is sitting fat and happy… No net financial assets have been created the assets and liabilities have just been passed around like pass the parcel. If the loan is paid back the back wins overall.
The assets once owned by the buyer is now owned by The Chinese car company. No new assets were created overall.
What about the national debt ? What is The Chinese car company going to do with those $’s ?
Exchange some to send back to their workers, pay costs and overheads and probably save the rest. What as ? a reserve balance or in a treasury account?
The moment they swap their $’s for a US treasury to earn more interest on their savings they increase the national debt.
Domestic credit creation is funding foreign savings and increasing the national debt. When you net export to a nation you increase that nations national debt.
So by drowning the government in a bath tub and replacing it with credit creation. That won’t please those that suffer from the national debt phobia either.
Savings Are an Export Product just ask BRICS.
Here:
https://new-wayland.com/blog/savings-are-an-export-product/
There’s only one solution.
Here:
https://new-wayland.com/blog/running-a-modern-money-economy/
Trump can’t see it as he only looks out of his right eye.
The only way net financial assets can be created overall is by running budget deficits that meet the savings desires of the non government sector. Businesses and households, residents and non-residents – who like to save.
Otherwise, like yesterday the king will impose a private sector debt jubilee so the debts can be removed from the public.

Posted by: Sun Of Alabama | Nov 11 2024 11:29 utc | 126

We no longer live in Bedford Falls with the Bailey Brothers and a wonderful life. Banks don’t loan out other people’s deposits.
Just for the right wing ideologues.
I’ll use a right winger – quantity theory of money guy – this time to prove it rather than the balance sheets. To remove any bias on my part.
1966 Interest Rate Adjustment Act
HERE:
https://seekingalpha.com/instablog/7143701-salmo-trutta/5265714-1966-interest-rate-adjustment-act
1966 Interest Rate Adjustment Act II
Here:
https://seekingalpha.com/instablog/7143701-salmo-trutta/5265717-1966-interest-rate-adjustment-act-ii
Enjoy
:).

Posted by: Sun Of Alabama | Nov 11 2024 11:49 utc | 127

“The hashtag “Trump officially declares victory” (特朗普正式宣布获胜) received over 1.2 billion views on Weibo”
1.2 billion!!! Holy shit Batman, err… mr president, you’re going to need a much much bigger boat ! If you think you want to kid the world any longer as the shapeshifters latest frontman.
Billions are actually watching and paying attention and laughing too!
That pivot to China as the next big play looks like not that great an idea.
Are you listening Donald? Don’t lose your trousers! Be monumental !
Taking on China would only have been possible if any of the punches used against the RF actually landed.
Sanctions and Trade War would be just as useless and not stop the Mutipolar Camel Train moving on. No matter how much louder the Collective Waste Dogs Bark.
What should potus 45/47 do for USAsians? Question has been asked here.
New Yalta that’s what. A losers conference dressed as a winners.
The real winners – the Soviets being the SCO/BRI greats, the real losers being the Collective West US/EU/5eyes/G7/WB/IMF/Nazis and ziofascists…as they were represented at Yalta by FDR/Churchill bargaining with Stalin.
With firm timetables of how they will allow the end of ALL wars immediately and restorations to the majority of humanity Many the Few have murdered , enslaved and robbed for a very very long time. It’s over. No reprieve. No argument.
Followed by all continents neo-UN, to agree on the direction of travel for the next 50 years.
A summit on neutral ground – NY/USA isn’t. Switzerland/Europe isn’t.
American sovereignty and reinvention as willing equal partners with the multipolar to improve the lives and infrastructure for a more equitable World suitable for the C21st and 22nd before it is too late.
A world that doesn’t look like the one designed by the imperilists a hundred years ago, always on the verge of fascism, miltary adventurism and imperial conquest and exploitation.
No more First World and the Rest.
One that will spend the next generations not on war making industry but total peaceful progress of Human civilisation. No fearful Malthusian nonsense. One that leaps into near space and prepares for calamity that always comes from there.
An ambition big enough to be worthy of an actual future American Peoples. Time to grow I’m up and try to behave like a Civilsed Co-Culture or end up withering up as a balkanised continent watching the rusting starships as the majority fly to the stars.
One World. Without the US being the largest Pirate Port for supranational entities which claim their own greater sovereignty.
That should impress all that care for such a future and give Peace a Chance and the only possible route to make America Greater instead of being a shithole country of old fashioned serfs and slaves that it was set up as and largely stayed as!
Yes it has pilgrims. There is plenty of indelible and daily new evidence.
There is only one way to not end up looking like Libya and Gaza or Ancient Greek and Roman ruins for the Collective Waste – as we surely will if we are led to more War by our shapeshifting Masters.
The announcement of withdrawal of US occupation bases nearly a century after they peppered them as the Last of The Great Anglo European Empires with their Last Imperial Colony the Illegal Apartheid Entity being returned to its Native populations and all the Settler Colonialists removed back to where they came from. A Final Independence from centuries of shapeshifters Imperialism.
Then and only then will the stretched arms of the multipolar as equals and sovereigns except our minority 15% into their majority of Actual Civilsed Humanity.

Posted by: DunGroanin | Nov 11 2024 12:06 utc | 128

Posted by: DunGroanin | Nov 11 2024 12:06 utc | 128
America first – What will Trump do ? – Part 1
The issue the monetarists suffer from is an aggregation issue. If you hold £100, nobody knows if you are saving that or intending to spend it. What we really need is the amount of bank liabilities that have materially changed their ownership tag over a period of time. Then we
would know what ‘Vt’ is.
Quantity Theory of Money from Classical (macro) Economics which is based on the “Equation of Exchange” first formulated by Irving Fisher (1911) which holds that:
Mt * Vt = Pt * Yt
where
Mt is the money supply,
Pt is the general (aggregate) price level
Yt is national output (or GDP)
But we don’t know what HE is, so monetarists try to guess – assuming all M is in motion if it fits in a particular classification. Hence all the M1, M2 nonsense. Those categorisations are wrong. Plain and simple. As we can never know what ‘ Vt’ is.
I don’t have to spend a demand deposit. It can sit there for months. I don’t even need to ‘optimise’ it, because unlike economists my life doesn’t revolve around a belief in interest rates ruling everything. I just keep it there because I like the size of it, or I’m scared of the future. Or a bit of both.
The neoliberals and conservatives say nothing very much – other than lamenting that they can’t work out what money is locked in place and which is in circulation because we now have interest payments on demand deposits and time deposits that can be cashed on demand.
The monetarists are stuck in the 1960s. Finance has evolved so that nothing is locked in place – which means you can’t manipulate it to speed up and slow down the economy.
Monetarism is a busted flush due to financial liquidity innovation.
So what will Trump do ?
We suggest a job guarentee will fix it.

Posted by: Sun Of Alabama | Nov 11 2024 12:28 utc | 129

Posted by: DunGroanin | Nov 11 2024 12:06 utc | 128
America first – What will Trump do ? – Part 2
The Paradox of Productivity ?
The neoclassical Keynsian, monetarist and Austrian view still believes that the economy tends to fix itself. If we just sit back economic growth will go back to its maximum.
Unemployment will drop to 2% what we consider full employment but it might need some help now and then. The Paul Krugman mainstream view. That There are no business cycles. Remember that when the globalist neoliberal/ conservatives UK Parliament claimed the business cycle is dead.
However, the truth is you could have the purist free market economy in the world but still have big unemployment numbers because the system tends to move towards breakdown.
Why ? Why does the system tend to move towards breakdown ?
Why can’t it be that higher wages force firms to invest in better management techniques and the most advanced technologies in order to get the most out of their higher cost labour?
That’s known as the paradox of productivity. Productivity improvements just lead to falling prices, so firms try to avoid doing productivity improvements and prefer to try and obtain monopoly power instead. That’s what a ‘market niche’ is.
Oh boy, have we seen this monopoly power as the public sector was transformed into rent seeking private sector monopolies. Energy companies for one during the supply side constraints.
Higher wages will lead to some firms failing, which releases people onto the labour market, driving down wages. If you try to hold those jobs up, and force losses onto the other side you end up with an investment strike and the whole house of cards collapses into stagflation. Remember when privatised companies tried to hold the government to ransom by refusing to invest during the pandemic.
Failing to match higher wages with higher product must result in both investment capital and the demanding wage earners taking a cold bath. The economic system is a referee. It must not favour either side in the football match.
And why would firms in a competitive capitalistic system ever try to avoid productivity improvements?
Simple-
Compare the cost of a concert violinist to a loaf of bread in the 19th century vs today. That’s what productivity increases do over time – because it takes less human time to produce an item, and time is really what everything ends up being priced in.
That’s the paradox of productivity. Productivity improvements ultimately leads to cheaper prices not increased profits. Because that’s what competition is there to do. The profits can go further – in that they can buy more stuff. But capitalists like to accumulate units of account.
In essence the dynamics of pure competition leads to an oversupply in the market which brings prices down until firms start to go bust to eliminate the oversupply. Therefore market players try to stop competition happening by constantly seeking a monopoly perch on which to extract rent.
Oh boy, we have we seen this happening time and time again. With a big 2 or 3 in each sector rigging prices between themselves.
The myths of free market beliefs say it all sorts itself out. It clearly doesn’t. The system has to force competition onto essentially reluctant players, and eliminating the clarion call of “what about the jobs” is one way of doing that – let bad firms go bust.
A company that can produce more with the same inputs (costs) is going to do that if there is a market for their product.
That’s the HUGE problem. Because the costs is the income that is used to buy the products ( in aggregate).
If you expand output then you are selling to the same income which implies that the price must go down to shift the increased amount of stuff. Theoretically their competition will eventually learn to do the same and the excess profit will disappear.
Not theoretically. This is exactly what happens. The dynamics of market share maintenance kicks in and prices go down. You get a short uplift and then a nose dive. When you have been in business long enough you know it is better to find a niche than run up and down this escalator. Because items are ultimately priced in a person’s time used to make them. When it boils down to it actual demand must match actual supply at the point of EFFECTIVE demand.
What will Trump do ? How will be fix it ?
We recommend ratcheting competition up to mach 10. By flattening the Phillips curve.
HERE:
https://m.youtube.com/watch?v=M-8RXC_vY2g

Posted by: Sun Of Alabama | Nov 11 2024 12:36 utc | 130

Posted by: DunGroanin | Nov 11 2024 12:06 utc | 128
America first – What will Trump do ? – Part 3
Back in the 1920’s a guy called Hotelling started to look at Monopolistic competition in terms of location and used the example of where would 2 ice cream sellers on a beach locate themselves. From a social point of view you would think they should locate themselves about one quarter way in on one side of the beach. The other seller would do the same at the other end of the beach. So that they divided the market in two and the consumers could access the ice cream. You would end up with a long beach with a seller at each end a quarter way in on the beach.
Hotelling then says let’s assume the ice cream sellers are mobile and one ice cream sellers moved a bit closer to the centre. In terms of distance starts to steal some of the consumption of the other seller. Which then forces this seller to move a bit closer to the middle of the beach to try and get it back. Hotelling noticed that what happens is eventually you end up with both sellers right in the centre of the beach beside each other. This is not optimal from the stand point of those in the long beach that would like to buy ice cream. The social optimum for the consumers and that is have the seller’s spread out across the beach has been destroyed by the competition between the 2 sellers. The 2 sellers will eventually come to a monopolistic agreement regarding their prices. Fix prices between themselves.
Then Hotelling says what happens if a 3rd seller sets up on the beach. Everything becomes unstable as the 3 sellers set up in different places on the beach every day and prices become unstable. Until eventually all 3 end up in the same place in the beach and work together.
Why in cities you have districts that sell the same product. You would expect them to be all over the city but you end up with Jewellers all in one area. Pubs and nightclubs, shopping centres, DIY stores.
So when you get a big 2 or 3 in any sector what do they do. What did the energy companies do ?
They head to the centre of the beach and form a MONOPOLY and work it between themselves how to extract the most rent as possible and take turns at hiking prices for their services.
They turned the public sector into a rent extracting MONOPOLY.
Remember all the companies who put their prices up right after the Brexit vote. Weetabix and the rail operators and the rest followed for no other reason apart from greed.
They threaten investment strikes and try and hold elected governments to ransom.
The free market tooth fairy believes that people are mutable between professions at the snap of a finger. That bakers can become engineers and Marks and Spencer cleaners can become train drivers the next day.
That people can be moved around like ignots of steel. They have found out the hard way this is never the case.
When people are unemployed there is never a list of private sector employers sat there with cheque books at the ready. When a down turn happens unemployment spreads through communities like a virus. Regardless what the free market tooth fairy says.
Today when we walk out of the house and turn left and shop in the public sector we are faced with a big 2 or 3 in each sector that fix prices between themselves.
Today when we walk out of the house and turn right and shop in the private sector we are faced with big retail consortiums that own the high street that fix prices between themselves.
They take any tax cuts or pay rises we receive for themselves.
What is Trump going to do about it ? How will he fix it ?
If he listens to his pal in Argentina who loves monopolies and is creating them at a rate of knots. Adores them in every speech he makes that will kill America.
We suggest smashing them up and introducing a monopolies and mergers commission with some teeth. That would jail people for long terms if they break the rules and try and form monopolies.

Posted by: Sun Of Alabama | Nov 11 2024 12:49 utc | 131

Posted by: DunGroanin | Nov 11 2024 12:06 utc | 128
America first – What will Trump do ? – FINAL Part 4
Why does the UK import Labour ? What with x unemployed, y inactive but want a job, and z part timers wanting full time work, why do we need any more?
It’s relatively straightforward. The British Labour market suffers from the ‘British disease’ — a vestige of Imperialism. We find it easier to steal skills and real resources from other countries rathef than create our own.
There is about 10% of the working population unutilised in the workforce one way or another. And that’s before we get onto people over 65, who are automatically excluded despite the state pension age creeping ever higher.
None of these match the vacancies on offer.They don’t match for several reasons:
a) The job role demands a skill set that is not available at the price offered.
b) The job is in the wrong geographical location from the people who could do it
c) The job has physical requirements that are not available at the price offered
So the process of filling a job goes something like this:
1. Business advertises for a person to work very long hours for a pittance, often somewhere ridiculous like London.
2. Nobody appropriate applies for it.
3. Business goes running to nanny shouting ‘skill shortage’ and demands visas.
4. Government gives in to business because businesses are treated like pets, not cattle.
5. The job is advertised abroad.
6. Foreign nations, exporting their people like cargo, welcome the visas and encourage people to leave rather than sort the social problems out at home.
So the elite class in both countries get what they want.The poor country gets rid of their peasants that are competing for what little resources there are and who may send some foreign currency back which the elites can appropriate through taxes, financial discounting or even occasionally producing goods for people.
The rich country gets cheap labour that will stack high in tenement blocks and work all hours for a lower wage. The elite cream off the surplus and socialise the losses onto the school system, the health system and the social services who then advertise for people to expand and find that there aren’t any skilled staff to work in those areas. The public sector then asks for visas, advertises abroad…
What you get, in effect, is the same process at a country level that we had initially in the industrial revolution at a city level. 1840’s Manchester followed the same process, but with the surrounding rural areas rather than areas thousands of miles away in a different country. Birmingham, Glasgow and others followed the same process.
It will end up in the same way it always does — the rich living in gated wonderlands while the poor live in slums squashed in like sardines. Shanty towns are what happen when you allow market forces free rein. The UK had the first shanty towns, and the way it is run at the moment it will be the first shanty country.
It’s not just at the low level this process happens. Agriculture is notorious for it, but it also happens in IT. The larger firms put pressure on the government to let them import ‘skilled staff’ just as soon as the British workers develop any pricing power.
In reality they just want to pay less, and the prevailing economic orthodoxy uses a ‘reserve army of the unemployed’ to keep wages under control. In their belief system, inflation control has to be done on the labour side of the equation, never on the capital side. That why we have concepts like NAIRU, but never a NAIRC (non-accelerating inflation rate of competition).
When you look at a country with a different approach — Japan — you find, that even with a declining population and GDP relatively static overall, the GDP per capita is rising. That’s because they are automating and treating their elderly with respect. Fast food places are closing because they can’t get the staff. People get their cars washed by machines and their coffee from machines. All that drives forward productivity which then maintains and improves the standard of living — because they have to.
It’s not all perfect. The Japanese elite are gripped with neoliberalism like everywhere else. There is unnecessary unemployment and unhappiness. There are strong pushes for more ‘guest workers’. But the language, writing barrier and general culture stops them throwing open the doors. They have developed a different way for an island nation to bumble along relatively happily but with a net migration rate of about zero.
When you read any of the immigration literature put out by economists have a look and see if you can find Japan mentioned. You won’t find them in there — because it doesn’t fit the prevailing narrative.
So there is another way to improve standard of living rather than going around nicking resources from other nations. But it means treating business like cattle rather than pets. It means elites having to address local problems and innovate rather than sweeping them under the carpet.
Leaving the EU. We have been freed from the straitjacket. Asking for it to be put back on, because the new movement in your arms and legs is scary, looks a bit bonkers to anybody outside the echo chamber.
The growth strategy of the UK has been for many years “import cheap labour to keep the middle classes in their delusions of grandeur”. It’s actually called The British Growth Model. But we didn’t reject New Labour to have it replaced by Cheap Labour.
Our future must lie in improving productivity and increasing investment so that we can do more things with a stable population and a sustainable ecology. And a constraint on the labour supply is one of the ways that gets done. Employees should always be reassuringly expensive to force the capitalists to invest and innovate.
Our international strategy must be to encourage other nations to follow our lead in pushing productivity and increasing investment, and solve their unemployment problem at home rather than exporting it. That means that activity needs to move to where the people live.
Bizarrely we appear to be focussed upon national GDP figures and international people, when, in a nation, the focus should be the other way around — international growth figures and the local people who actually vote for you. It shouldn’t matter where the work gets done as long as it is more productive and less resource intensive than before.
But to do that you have to have an immigration system that works. Here’s a precis of one that will (but remember that the devil is in the detail):
An immigration system that excludes immigrants that wouldn’t otherwise get a work visa instantly removes all those people who come here and compete with the UK working-class sub-median wage earners. These were the people who voted in the largest numbers for Brexit. These people have paid the heaviest price for EU membership.
Reintroducing a work visa system that is on same lines as every other civilised advanced nation outside the EU, solves that problem.
Then only higher waged, higher skilled individuals come into the country from all over the world, but they compete with a different class of people in the UK and compete less because they are in areas with GENUINE skill shortages.
From the point of view of the UK sub-median wage earner, immigration has ended. So they are happy.
And importantly you need to send out higher skilled individuals from the UK to the rest of the world to balance those you take in. Otherwise you are stealing skills from other nations which they need to develop internally. That is a ‘beggar-thy-neighbour’ attitude and morally unacceptable. Immigration should be more of an informal exchange process than a capitalist ‘free market’.
This is a civilised solution that addresses all the concerns. Eminently reasonable and fair to all who believe in sovereign nations and borders. A win-win all round.
What is Trump going to do about it in America ? How will he fix it ?
On All 4 points he says very little and will keep the status quo. Tariffs won’t work and giving tax cuts to The rich won’t work as trickle down laffer curve economics does not work.
He can and probably will make things worse.

Posted by: Sun Of Alabama | Nov 11 2024 12:58 utc | 132

Sun of Alabama.
That and everything else – why should only the very wealthy never have to worry about ‘earning’ their daily bread and security from the day they are born to when they die comfortably?
The so-called anti-communist antisocialist believe in a word without knowing what it means in reality
Capitalism – It’s not what they think it means!
But what can you do when people are ignorant and their priests tell them to believe a word or hate another , and they do?
They think they don’t have government subsidised or wholly created jobs and everything must be privately owned including Money!
But they accept without even a brain burp slowing them down, at the nonsensical nature of it – like a tooth fairyy or Santa – that they should have armed forces being employed by their governments doing nothing but preparing for war.
They accept that they should arm them with weapons always being developed by mythical capitalism! Weapons that never really work and will go to the dumps having rotted but that should be supplied at massive profits for arms suppliers that would not exist without the government funds !
Funds which are not raised through taxation of the moneys earned , not ‘made’ by people working. Money which is actually made by magik every single day by the banks and governments.
Economics and its simplistic demand/supply notions and the Monetarist equations are all theoretical models, hugely simplified so that they can be used as the catechism’s by the voodoo high priests of the day. The lse that inhabit the high temples of our delusional religions. Banks and Treasuries and governments and their priests of money management. So that they can protect the Kings from the Masses.
The Kings of Money and Banking which arose out of true capitalism (agriculture mostly, it’s preservation and transport) and trade – as ancient as say the expert flint arrowhead and axe makers!
That whole religion of economics the fake doctrines , it’s flat earth, geocentric certainties , it’s own heaven and hell mythology like all such religions to control the masses – is at an end.
The majority of humanity has given rise to leaders who have rejected the easy compromise of such nonsensical beliefs and the devilish offer of a dynastic Seat at the Table of the Kings and their willing minions through the centuries. The sinless have been uncompromised and unblackmailable. They have survived assassination and invasions as many before have succumbed. They will not be exterminated or bought by the liars and murderers of the Ages , to enslave their own mothers and sons.
A job guarantee always works – as even the dumb have to admit that’s what their military is. From cradle to grave or pyre every single human should have it and the more humans the better.

Posted by: DunGroanin | Nov 11 2024 13:07 utc | 133

https://arxiv.org/abs/2411.05778

LLMs as Method Actors: A Model for Prompt Engineering and Architecture

We introduce “Method Actors” as a mental model for LLMs that can guide prompt engineering and prompt architecture. Under this mental model, LLMs should be thought of as actors; prompts as scripts and cues; and LLM responses as performances. LLMs and actors have a lot in common. Both mimic the product of human thought and emotion. Success for both actors’ and LLMs’ performance is often measured by a performance’s verisimilitude: how much the imitation of human thought and feeling seems authentic. (Chiang et al., 2024). Hallucinations are the sin qua non of both actors and LLMs. Actors’ performances are faithful to the text of a script but not to external reality, just as LLMs’ responses are faithful to the text of a prompt but not the external truth of the world. The analogy of LLMs as actors is more than cute — it’s useful. Imagining LLMs as actors performing a part can better align a user’s expectations with LLMs’ capabilities because prompting is more like giving a performer a cue than asking a robot mind for its thoughts.

Posted by: anon2020 | Nov 11 2024 15:01 utc | 134

Gen BUtler

War is a racket

William Blum

USA is the cleverest protection racket since men convinced women that they needed men to protect them, for if all the men vanished overnight, how many women would be afraid to walk the streets?

Trump

TW should pay us more for their protection.
We’r the insurance for their sovereignty

Posted by: denk | Nov 11 2024 15:12 utc | 135

@suzan | Nov 11 2024 2:32 utc, who said:

At a more general level of remaking the economy into one more conducive to civilization making, I believe the reshaping of consciousness is a necessary accompaniment, even a pre-requisite. They will co-develop, co-originate, but cultural obstacles to consciousness development need be removed.
How do we clear out all the mental clutter borne of near endless idiocracy commercialism conditioning?

Create conditions for young minds to flourish by giving them space and continuity of thought space without commercial assault.

Suzan: thanks for that, and I think you’ve pointed the flashlight into a fruitful place. I’ll add:
a. We need a psychological revolution. I heard that first from Angela Duckworth, I think she’s zeroed in on the main issue. We humans really don’t understand ourselves: why we do what we do, feel, think. What the actual psychological drivers are. Since we don’t understand how our minds work, we can’t choose which behavior to use. We just react; we don’t choose which reaction is best.
b. We need more shared creative space. If Facebook was a place where work actually happened – and thinking and learning is work – instead of a emotional bromide – entertainment – subtle mind-control platform – if that space was actually used to build emotional competency and expand people’s situational awareness frontiers … that would be a good thing. Our society currently lacks such a space (at scale; MoA is certainly such a space!)
c. Get rid of the Internet’s advertising revenue model. It was a huge mistake to base internet enterprises’ revenue model on advertising revenue. It warped, badly, what could-have-been. This is why I advocate for Journalists whose endeavors are directly supported – with money – by their beneficiaries, e.g. their readers. Expanding or refining someone’s situational awareness is a very valuable function; we give the waiter 15-20% of the restaurant bill for a few minutes’ service. That’s a lot of money.
Journalists take way longer to train than waiters, and they provide a much more valuable service, and they make way less money.
Back to your remark about “removing obstacles to consciousness development”. I do agree that this is the linchpin issue, and the rest of the more-desirable human behaviors would naturally follow from said development.
And I’m guessing that this subject is going to show up in Mr. Putin’s Valdai speech, which I am going to read next.
Karlof1, again, you have our gratitude for your tireless, high-quality Journalism.

Posted by: Tom Pfotzer | Nov 11 2024 15:19 utc | 136

Refinnejenna | Nov 11 2024 0:40, who said in part:

Usually some major cultural or economic development occurs that makes new technologies available to the public, at prices most people can afford, and that is when acceptance and adoption of these technologies really takes off.

Refinnejenna:
You post _seems_ to imply that creativity at the individual or group level isn’t a major driver of successful product development, but rather it’s the context that drives it.
You’re partly right – context is controlling in the sense that you can’t use tools, materials, techniques, etc. that haven’t been invented / made economically viable yet. Yes, this is so.
Allow me to draw your attention to SpaceX’s reusable boosters. I’d hazard a guess and say “the necessary tech to do that job was available a decade or two before Musk applied it to rockets”.
Another example: the light bulb. There were a lot of ongoing competitors to the light-bulb activity, and Edison prevailed. He also contemporaneously developed dynamos, wiring plant @ town scale.
How come these two players got so much more done, so much sooner than their peers, all of whom were sharing the same “context”?
Because Edison and Musk (knew and) know how to do product development(PD). Both were / are masters at it, and it’s a skill that can be learned. Edison made no secret about why and how he was so good at PD. He talked about it all the time. Shared freely his technique. Musk’s behavior tracks very closely with Edison’s attitudes, mental habits, preparation, staffing, etc.
Product development is a set of skills and attitudes and awareness (of materials, fabrication technique, tools). Yes, it takes a while to become a master at it, but that’s where team-building plays a major role. And Edison and Musk were/are great, great team-builders.
PD can, and should be, learned more widely. It’s very powerful stuff.

Posted by: Tom Pfotzer | Nov 11 2024 15:34 utc | 137

Reuters

For Taiwan, Trump’s ‘protection’ money may mean new and early big ticket arms deals

3 days ago
Open secret.
Its the MIC stupid !

Yet If you listen to the UNZ crowd,

We’r all fighting Israel/Jew’s wars, Jews are going after China cuz they couldnt get a foot hold there !

Posted by: denk | Nov 11 2024 15:36 utc | 138

Jews are going after China cuz they couldnt get a foot hold there !
Posted by: denk | Nov 11 2024 15:36 utc | 138

If Once they lose their usury racket they’ll have to work for a living.

Posted by: too scents | Nov 11 2024 15:43 utc | 139

Posted by: too scents | Nov 11 2024 15:43 utc | 139
—————
Wars on China has always been a euro./anglo campaign, who needs the Jews ?

Posted by: denk | Nov 11 2024 15:47 utc | 140

Why think about Product Development Now?
The reason for the U.S. to concentrate on new product development (PD) now is because:
a. Empire is ending, and now we’re going to have to compete on the basis of value-add instead of guns
b. We are about to massively re-invest in re-shored production apparatus
c. Many of the classic industrial processes we use now are nearing the end of their technical life-cycle
d. We can leap-frog the “competition” by selecting the right processes/products that are at the beginning of long life-cycles
e. The commercial environment – the context that production happens in – is about to change a lot. Way more competition for markets and resources, less capital available (higher borrowing costs for U.S.) and major environmental-degradation response pressure are just a few major change-drivers.
All that spells “we need to get better at adapting” and “we need to plan ahead” and “we need to determine what our competitive advantage / value-add is relative to the rest of the world”. We need to do this thinking _before_ major investments in production facilities are made. This “re-shoring” activity is a once-in-a-lifetime event, right?
What if we screw up and make major investments in production lines that won’t generate revenue in a few years’ time?
Might be worth a moment’s reflection before we make the commitments.
It might also be highly worthwhile for the U.S. polity to re-ignite the spirit and capacity-for and sheer numbers of people that can do PD. PD just might be a sustainable competitive advantage for us, never-mind the myriad quality-of-life benefits it confers on us.
Consider: we’re a nation of 360 million people, going head-to-head with countries (plural) that have a billion of people, many of whom are training in STEM at rates far in excess of the U.S. That should get some attention. STEM is major input to PD, by the way.
STEM = Science, Technology, Engineering and Math.

Posted by: Tom Pfotzer | Nov 11 2024 15:49 utc | 141

Posted by: Sun Of Alabama | Nov 11 2024 12:28 utc | 129 “What we really need is the amount of bank liabilities that have materially changed their ownership tag over a period of time. Then we would know what ‘Vt’ is.” The volume of transfers handled by bank clearing houses seem to me to potentially provide this information. I suspect issues in effectively double counting, so to speak–things like buying a house which necessarily includes the whole list value but it’s the mortgage interest that is paid during a production period (which is what the “t” means, no?)—but I don’t know they are in principle intractable.
“But we don’t know what HE is, so monetarists try to guess – assuming all M is in motion if it fits in a particular classification. Hence all the M1, M2 nonsense. Those categorisations are wrong. Plain and simple. As we can never know what ‘ Vt’ is.” Unfortunately, I can’t remember what HE is in this context, though I’m pretty sure it’s not High Explosives? And as noted I’m not so sure we can’t estimate Vt from the volume of clearing house transactions.
I do think there is in fact something fishy about MV=PT, namely the monetarists seem to habitually read this as an identity when convenient, but other times read it as a causal principle always read from left to right. Pretending it’s an identity means Vt=(Pt*Yt)/Mt. In this reading Vt can’t be problematic, this is a necessary identity. It’s the rate at which money is transferred in the actual transactions, the turnover of money to coin a phrase. But then turning around to assume that Vt is a kind of thing before with its own objective numerical value before the prices of the of the period’s production even exist, means that to be a real theory they have to give an account of what determines that turnover. Also, there seems to be common tendency to simply treat Pt as a proxy for price level, i.e., the value of money (speaking with their loose meaning of “value” here.) Also, changing the “T” (total of transactions in a proper identity) to Yt, the output seems a little dodgy to me. Instead it seems to me PT=Yt. I can understand the prices of all transaction must equal the output in money terms. Dividing that by the actual volume of transfers we are at least aggregating it all in the same form, money.
If you read it as an identity, you can write M=PT/V. But then if you try to read this as a causal principle, then your objection (which I would phrase in macroeconomic terms as omitting hoarding) seems valid. And if you write it suddenly as Mt=(Pt*Yt)/Vt, then you have the problem of aggregating in different terms or forms (which I think you also object to?)
Overall your comments strike me as much more in contact with reality than monetarists. I’m not sure monetarists aren’t like Calvinist double predestination, not really refuted in the theology but not very fashionable?

Posted by: steven t johnson | Nov 11 2024 16:01 utc | 142

Trump,
The MAGA MMICGA man.
If it walks like a duck, looks like a duck and quacks like a duck..
From the horse mouth….
Two days after his inauguration, [2017?]
Trump the alleged ‘isolationist’ [sic]

“We have to start winning wars again… we never win. We either gotta win, or don’t fight it at all,”

His choice…We gotta win !

What we need is a budget plan to supply men and women in the military with the tools they need to win wars.

You know the thing I’ll be great at that people aren’t thinking? And I do very well at it. Military. I am the toughest guy. I will rebuild our military. It will be so strong, and so powerful, and so great. It will be so powerful and so great that we’ll never have to use it. Nobody’s going to mess with us, folks. Nobody.””

,
Am I the only one who feel that Trump sounds like your run of the mill potus since WW2, another MIC appointee ?
At least He told everybody upfront
NO SURPrise, no betrayal,
Unlike others who broke their election promise once into WH,
Trump kept his words !

Posted by: denk | Nov 11 2024 16:09 utc | 143

The discussion is quite good and I’d like to remind that monopoly is far from the worst problem, monopsony is.
The few buyers choosing the price, some have already mentioned it implicitly with work/wages, but it is also a problem for many producers.
Little time today but will get back later.

Posted by: Newbie | Nov 11 2024 16:31 utc | 144

Re Valencia and dams
TD;LR of this post: alternatives are available and technologically mature. Perhaps they should be used.
Long form:
The argument in favour of dams is flood water control. The argument against dams is long term ecological damage.
While not all problems are amenable to a “thesis-antithesis-synthesis” type of interpretation (most problems are probably not naturally good fits), we have a thesis-antithesis-synthesis type of problem here.
Flood waters cause massive problems; they can be controlled for medium term improvement with damming et alia. (Thesis)
Damming causes massive long term ecological problems that become economical problems, e.g. fisheries and coastal erosion; dams are undesirable. (Antithesis)
What is telling is the absence of a synthesis, despite mature technology being available, including for situations (e.g. southern African plateau flooding) where damming is not a tenable solution at all.
What distinguishes a flood from a normal river flow situation is merely the rate of inflow being excessive, causing the level to rise until outflow is equalized (outflow being an increasing function of water level above river bed; rate rise being proportional to difference between inflow and outflow; strictly PDEs, but interpretable via an ODE framework).
Normally, water is drawn from rivers (dams, et alia, even ground water) into a water treatment facility, treated (coagulation, flocculation, sediment settling, removal of undesired ions e.g. Fe^{2+/3+}, Mg^{2+}, Mn^{2+}). Biological control is then exercised (typically chlorination of some sort, e.g. Cl_2(g), Ca(OCl)_2 et alia, and the resulting potable water is stored before transportation (usually pumping) to users.
Waste water from users is then similarly treated, albeit with steps to remove Chemical Oxygen Demand, Ammonia, Nitrates, Nitrites, Phosphates, and Boron (from modern soaps), before being returned to the river (or another receiving body of water), downstream of the intake.
In Namibia (Windhoek) and Singapore, there is some feeding of the treated wastewater back into the potable supply, but in Europe and North America, that is a sufficient taboo, that suitably treated wastewater must be stored for several months in a larger receiving body of water in order for it to be so consumed.
The main technological problem that remains is getting rid of excess salinity in the wastewater, although that is not the issue here regarding dams and flood control.
The alternative to massive damming (and one that could work on occasionally flood-prone plateaus) is a large scale water reuse system, that has in normal operation (perhaps after a long transient after start-up, perhaps measured in decades, for ten-year flood cycles) a non-flood 25% utilization reservoir system, perhaps underground (e.g. avoid mosquito breeding); the pump and treatment utilization rate during non-flood conditions would be similar.
This also allows (via the capture of sediment above) for sediment to be returned downstream to avoid coastal erosion, and with suitable intake openings for the pumps, accidental intake of fish can be minimized as well.
The main difficulty with such a system is keeping the institutionalized incompetence known as bean counting at bay. There will always be baboons in human skin that will go on about how 25% utilization rate is “inefficient,” because one is not supposed to consider the total efficiency of a system, within the framework of institutionalized incompetence.
A bit of counter-intelligence is thus needed to catch bean counters before they can do any damage, and I suggest that a legal framework already exists: whereas the western backed Ugandan exile Tuutsis that invaded Rwanda in 1990 were bashing in the skulls of Rwandans Hutus in large scale massacres after which they severed the heads and threw the corpses into rivers, and whereas said Ugandan exile Tuutsis passed off the skulls from said process as the “skulls of Tuutsi victims,” and whereas this is accepted implicitly in the western legal systems, I propose that the law courts should have no problem, if detected bean counters (from the counter intelligence work, e.g. where they are given the “opportunity to improve efficiency,” and show themselves to be so incompetent) are subject to execution at the hands of flood victims, a la the murder of Rwandan Hutus, to wit, having their skulls bashed in with hoes while still alive, their heads then severed from their bodies, the flesh allowed to rot off, and the skulls of the bean counters (of whatever ethnicity) then being reclassified as “Tuutsi victims of the Rwandan genocide” as the skulls of baHutu victims were so treated previously. Judicial consistency would surely demand it.

Posted by: Johan Meyer (2) | Nov 11 2024 16:50 utc | 145

Trump

I’ll make our military so strong that nobody is gonna mess with us

This is a confession…uncle sham is the one setting fire all over the world !
Col Hackworth

America squanders about what the entire rest of the world spends on security — almost $400 billion a year.
[Thats 2001 figure !]
Who are we afraid of if all the bad guys combined still eat our dust? Isn’t it time we started acting like a superpower rather then a two-bit punk with his first gun? But this won’t happen until we constrain the war-mongering MICC.

Thats all folks !

Posted by: denk | Nov 11 2024 17:00 utc | 146

@145
With apologies to Jonathan Swift re the last paragraph (legal framework)…

Posted by: Johan Meyer (2) | Nov 11 2024 17:05 utc | 147

Magic wand, for the US: Here’s three high level changes to add to the pool:
1) Fix Citizens United and election funding more generally. Perhaps move to Andrew Yang’s Democracy Dollars
2) Philosophically, move away from Locke (ownership by mixing labour) to Paine (see land, natural resources and many other things as ultimately owned by the community and whose value is created by the community. This ends up in Henry George & Michael Hudson thinking.
3) See many of these common assets (esp natural resources) as shared inheritances, where the present generation is a custodian for the future. The implication is that we put the interests of future generations ahead of ours, as they have no political power. Their interest is in receiving at least as much as we inherited (sustainable). The interest of the present generation is in increasing the yield on the assets, the usufruct (development). At the moment, a core problem is that we are developing unsustainably, by consuming the inheritance of our children.

Posted by: Rahul | Nov 11 2024 17:11 utc | 148

fanto | Nov 11 2024 3:58 utc | 111
*** I also was thankful for karlof’s note at the end with deficits in Putin’s position on Gaza. He missed a great opportunity to lay out the comparison with Nazi’s.***
Putin is reportedly intending to stop supply of arms to Hamas from Iran via Syria.
Already for years his air defence allowed Israeli missile strikes on Damascus plus Hezbollah or IRG soldiers in Syria.
And within Russia he consistently panders to the Jews of Chabad. Contrary to what one usually accurate poster here wrote a few days ago (re their Stamford Hill concentration in London) they very much *are* Zionists, extremely racist and actually aspire to ruling — ultimately enslaving, as a stated objective of their on theology — the entire world.
Their squabbles in the UK with the Board of Deputies and any other Zionist-Jewish power bases make no difference — just them determined to be top dog.
They’re the devotees of the late rabbi Schneerson (as megalomanic a bigot as ever lived) and Jared Kushner is one of theirs … and criminal Oligarchs in Russia.
Chabad is also very “Ukraine” associated (including for instance Kolomoisky) which makes Putin’s apparent relations with them and the potential resurrection of Khazaria a combined danger.
Added to which Putin — suspiciously chummy with the WEF — sees nothing amiss in the time-bomb neoliberal economics of Nabulina.
For many, the adoption of rose-tinted glasses where Putin is concerned may be obscuring some disturbing realities lurking in in the background.

Posted by: Cynic | Nov 11 2024 17:21 utc | 149

Gibraltar was only under Spanish rule for a surprisingly short period of time, less than 250 years. It was conquered by Castile/Spain in 1476, and fell to an Anglo-Dutch naval expedition in 1704, with British possession confirmed by the Treaty of Utrecht in 1713.

Posted by: Lysias | Nov 11 2024 17:51 utc | 150

@Tom Pfotzer #94
It is clear you don’t know jack shit about the real world of manufacturing today.
Among other things: it isn’t about uneducated ex-farm boys pounding on shit with hammers.
Between the capital investment, the automation, the educated work force – which is what China is doing as we speak – the labor cost is the least of the issues.
Yes, this requires capital investment and tariff protection but so what? That’s what a national industrial plan calls for.
“unit labor cost” and so forth is exactly what neoliberal fuckhead think tanks and CEOs propound.
Yet Germany did just fine making shit for export into, yes, China – the source of cheap labor – until Nord Stream derailed their entire model.
Well, the US doesn’t have energy cost dependencies…yet.

Posted by: c1ue | Nov 11 2024 17:58 utc | 151

@Tom Pfotzer #94
The fact that you cannot connect “Fuck the semiconductors” with the literal tens of billions injected into Intel and other losers as part of Biden’s wonderful plans via the CHIPS act – just shows how little in touch you are with manufacturing or even industrial planning reality.

Posted by: c1ue | Nov 11 2024 18:00 utc | 152

@Tom_Q_Collins #125
My solution is already in place: A 2nd Trump administration with RFK Jr, Tulsi Gabbard, JD Vance, Eldridge Colby and many others.
Colby may be the grandson of an ex-CIA director – but he has consistently written sensible things for years. He is very clearly “not a dumbfuck”.
Here is Eldridge Colby as interviewed by Tucker Carlson
MacGregor is 100% correct: Personnel make Policy.
If Colby really does becomes SecDef or NS Advisor, it is a step in the right direction. Colby is definitely on the China Hawk side, but he is also realistic about US capabilities and interests.

Posted by: c1ue | Nov 11 2024 18:07 utc | 153

Nitpick: ElBridge Colby, not ElDridge.

Posted by: Lysias | Nov 11 2024 19:35 utc | 154

Cynic | Nov 11 2024 17:21 utc | 149
Thanks for our reply. Since you mentioned Kolomoysky, I am also perplexed that Russia, Putin, have not publicized evidence about the Malaysia flight shot down over Ukraine on July 17 2014. Both US and Russia are IMO covering up a crime. Both of them know who and how was behind it.
Putin has some early childhood attachment to Jews, since living in the same apartment building with a Jewish family, I read somewhere. Both are afraid of what? or preserving what?

Posted by: fanto | Nov 11 2024 20:02 utc | 155

c1ue | Nov 11 2024 17:58 utc
Replies interleaved.
c1ue: It is clear you don’t know jack shit about the real world of manufacturing today.
Tom: You’re frothing at the mouth (again), c1ue. Relax. It’s just a discussion.
c1ue: Among other things: it isn’t about uneducated ex-farm boys pounding on shit with hammers.
Between the capital investment, the automation, the educated work force – which is what China is doing as we speak – the labor cost is the least of the issues.
Tom: After we match China on educated work force, automation and cap investment…direct costs, especially labor are going to be major factors. That’s Hudson’s whole point: housing, education, health care cause U.S. domestic labor rates to be far above those of our Asian and LDC trading partners (competitors). It’s a big factor limiting our exports. Of course, that assumes that we’ll get the labor force re-educated, capital appropriately allocated, etc. which is not a given at this time.
c1ue: Yes, this requires capital investment and tariff protection but so what? That’s what a national industrial plan calls for.
Tom: If only it would. Tell ’em to get with it. I note in other posts you rail against CHIPS act. What don’t you like about it, and what would be your plan for capital allocation toward product lines for U.S. going forward? And please don’t say wimpy stuff like “let’s make glass, or can openers”. We need production that pays good wages, and comes with a lot of jobs. We need a viable middle class, or we get the oligarch-dominated high-income-concentration bought-politics economy we have now. I hear a lot from you about how stupid everyone else’s ideas are, and yet … I haven’t seen you post on what your policies would be, instead. It’s easier to froth at the mouth than do “creative” stuff like coming up with new, sound, viable policies.
c1ue: “unit labor cost” and so forth is exactly what neoliberal fuckhead think tanks and CEOs propound.
Tom: it’s what any decent cost accountant would propound. That’s more froth of the mouth blather.
c1ue: Yet Germany did just fine making shit for export into, yes, China – the source of cheap labor – until Nord Stream derailed their entire model.
Tom: And yet Germany sold China their biggest robotics manufacturer (Kuka). Bad sign, c1ue. Selling the crown jewels seemed like a desperation move, didn’t it?
Germany competed on the basis of their really strong engineering and manufacturing expertise. Cars was just a part of that, the factory automation and machine tools were another big part. Plus their chem engineering expertise and plant. The reason Germany did fine exporting to the rest of the world was unique skills and a lot of IP momentum. How long they could hold on to that lead is something to wonder about. How long did Japan hold on to their (very similar) market position after onset of China’s mfg’g and export growth?
c1ue: Well, the US doesn’t have energy cost dependencies…yet.
Tom: In which case we should pre-emptively build some renewable-to-hydrogen plants, right?
🙂
Posted by: c1ue | Nov 11 2024 17:58 utc | 151

Posted by: Tom Pfotzer | Nov 11 2024 20:30 utc | 156

At least we have music
https://m.youtube.com/watch?v=ToaqW28CV6o

Posted by: Ornot | Nov 11 2024 22:01 utc | 157

The chilling of independent journalism in the imperial colonies of the Levant.
Coming soon to our corner of EurAsia soon.
“restricting legal publication and reporting from Lebanon to only print newspapers and TV stations – overwhelmingly billionaire- or state-owned – the Lebanese Government is in effect saying “Zionist, pro-Israeli coverage only”.
https://www.craigmurray.org.uk/archives/2024/11/online-media-banned-in-lebanon/
Desperation by mainstream mockingbird media managers as they panic!
Coming soon to the many thousands of amateur journalism.
Time to get the thinking hats on and planning about going underground.
Define ‘News’.

Posted by: DunGroanin | Nov 11 2024 22:05 utc | 158

Posted by: DunGroanin | Nov 11 2024 13:07 utc | 133
🙂
Well said and good summary.

Posted by: Sun Of Alabama | Nov 11 2024 22:16 utc | 159

@steven t johnson | Mon, 11 Nov 2024 16:01:00 GMT | 142

I’m not sure monetarists aren’t like Calvinist double predestination, not really refuted in the theology but not very fashionable?

Here’s some bad news: I know people quite fond of theological questions who have been instructed by power circles not to interfere with the Calvinists upon hiring them.
About the predestination problem, the notion is illogical. Absent of an actual plan showing the future, it’s technically a mere conjecture in need of a prove. Such a prove is beyond attainable for various independent reasons, like inadequacy of physical laws, as well as their foundations in math, to account for the past, much less allow to compute the future in other than very controlled cases. Those also can only depict systems which allow for a numerical treatment in the first place. That is, in physics, using lengths, weight, and time as the only input devices of measurement; everything else is a derived compound.
For instance, you can’t compute which ice cream dealer on the beach I’d like to visit next. No brain scanner and no clever ideas about using price or distance can solve the problem in principle, as would be required to show a general veracity of predetermination. In other words, looking at the past does not cut it. What about the future? I hear it is hard to predict, so shall refrain from further elaboration for now.
On a side note, the problem also appears in parapsychology, where visions of future events are surprisingly well documented; they come in widely differing degrees of clarity, but never as complete certainty, which ties in with the illogical nature of strict predetermination. Some people have tried to learn using their visions to influence future events for the better, usually by trying to avoid upcoming harm, and there are credible stories of success. The ‘guardian angel’ (or helpful spirit) notion is rather apparent, too.
If you want another argument, seek out the one by Immanuel Kant on freedom of will; the classic treatment of the problem.
Calvinism is many things, but not a coherent and grounded theology.

Posted by: persiflo | Nov 11 2024 22:29 utc | 160

@ b
Can you do a quick sitrep piece on the unfolding political situation in Germany? Hard to get a good read from Australia.

Posted by: Patroklos | Nov 11 2024 22:34 utc | 161

Valencia!
https://youtu.be/-bDWv1NywUE?feature=shared

Posted by: Ghost of Mozgovoy | Nov 11 2024 22:39 utc | 162

re: America squanders about what the entire rest of the world spends on security — almost $400 billion a year.
. . with rising homeliness in USA. . ..from army.mil. . .
$117M contract awarded for Vicenza Army Family Housing

NAPLES, Italy — Naval Facilities Engineering Systems Command (NAVFAC) Europe Africa Central (EURAFCENT) awarded a $117 million Design-Bid-Build firm-fixed-price military construction (MILCON) contract, Nov. 30, 2023, to ICM SPA for Army Family Housing project, Phase 4 (Vicenza) at U.S. Army Garrison, Italy.
Work will be part of the U.S. Army’s largest family housing project, the $470 million Villaggio housing area near Caserma Ederle. This Phase 4 family housing project includes 107 Army family units.
“NAVFAC EURAFCENT is dedicated to advancing strategic goals for USAG Vicenza, enhancing the well-being of warfighters and their families,” Barry Forbes, NAVFAC EURAFCENT’s chief engineer, said. “The awarding of this MILCON for Villaggio’s phase four underscores our commitment to a culture of excellence, and we eagerly anticipate the successful completion of this project.”. .here

Posted by: Don Bacon | Nov 11 2024 22:45 utc | 163

They woke up and smelled the coffee?
. . . from Tehran Times
Seeking Peace in Riyadh, bloodbath in Gaza and Lebanon

TEHRAN – In a significant gathering in Riyadh on Monday, the participants of the extraordinary Organization of Islamic Cooperation (OIC) and the Arab League summit, which included leaders from over 50 Arab and Islamic nations, issued a final statement emphasizing the centrality of the Palestinian cause.
The statement reiterated strong support for the Palestinian people’s legitimate rights, particularly their right to freedom and to establish an independent state with full sovereignty. The participants firmly declared that al-Quds will remain the eternal capital of Palestine.
This came amid heightened regional tensions, as the Zionist regime’s Foreign Minister Gideon Saar rejected the establishment of a Palestinian state as a “realistic” goal, stating that such a solution is no longer feasible in light of the ongoing war in Gaza. Saar’s remarks followed continuing Israeli military actions that have sparked widespread international criticism and condemnation.
At the summit, Saudi Crown Prince Mohammed bin Salman condemned the “massacre” perpetrated by Israel against the Palestinian and Lebanese populations. He called on Israel to cease its aggression immediately. . .here

Posted by: Don Bacon | Nov 11 2024 22:50 utc | 164

“I’m not so sure we can’t estimate Vt from the volume of clearing house transactions.”
Posted by: steven t johnson | Nov 11 2024 16:01 utc | 142
No you are right they can’t that’s the problem.
You are absolutely correct there is nothing fishy about MV=PT, However, the assumptions they attach to it are false and make believe.
Assumptions:
M:the central bank can affect its supply, which it can do with autonomy and precision.
V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.
P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.
y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).
The Truth :
M: A precise definition and identification of money is elusive in a modern, credit-money economy, and its volume can change either with or without direct central bank intervention. In addition, the monetary authority cannot raise the supply of money without the cooperation of the private sector.
Because central banks almost always target interest rates (the price of holding cash) rather than the quantity of money, they tend to simply accommodate demands from banks. When private banks communicate that they need more reserves for loans and offer government debt to the Fed, the Fed buys it.
V: The velocity of money is, indeed, related to people’s behaviour and the structure of the financial system, but there are discernable patterns. It is not constant even over the short run.
P: While it is true that factors like production bottlenecks can be a source of price movements, the economy is not so competitive that there are not firms or workers who find themselves able to manipulate the prices and wages they charge. The most important inflationary episode in recent history was the direct result of a cartel, i.e., OPEC, flexing its muscle. Asset price bubbles can also cause price increases. The key here, however, is that P CAN be the initiating factor.
y: The economy can and does come to rest at less than full employment. Hence, while it is possible for y to be at its maximum, it most certainly does not have to be.
Remember that Friedman used a helicopter–indeed, he had to, for there was no other way to make the example work.
This wasn’t just a simplifying device, it was critical, for it allowed the central bank to raise the money supply despite the wishes of the public.
However, that can’t happen in the real world because the actual mechanisms available are Fed purchases of government debt from the public, Fed loans to banks through the discount window, or Fed adjustment of reserve requirements so that the banks can make more loans from the same volume of deposits.
All of these can raise M, but, not a single solitary one of them can occur without the conscious and voluntary cooperation of a private sector agent.
You cannot force anyone to sell a Treasury Bill in exchange for new cash; you cannot force a private bank to accept a loan from the Fed; and private banks cannot force their customers to accept loans. Supplying money is like supplying haircuts: you can’t do it unless a corresponding demand exists.

Posted by: Sun Of Alabama | Nov 11 2024 23:11 utc | 165

A view of China’s current economic landscape is here.

Posted by: Don Bacon | Nov 11 2024 23:31 utc | 166

Posted by: persiflo | Nov 11 2024 22:29 utc | 160 Nearly missed this. Sorry, but I have to say this is just nonsense. First and most fundamental error is the notion that determinism is a synonym for saying predictable. It is not. Determined is a synonym for real. Weather isn’t very predictable (save in a probabilistic sense, reliant upon a huge statistical base and information from distance places to boot.) Yet every physical interaction that constitutes any given weather event is totally deterministic, obeying the laws of physics and chemistry at every step. The indeterminate is the unreal. Any popularity in Calivinist theology now may be due to its basic stance as an ideology of a religious state, useful for aspiring clergy. (See Dominionism, the Seven Mountains, etc.)
Second, there seems to be some malarkey in here trying to use the general impossibility of prediction by science as somehow related to double predestination in theology. By the way, the flip side of this is the general impossibility of completely recovering the past. Only a fool or a believer would say this proves that anything could have happened in the past. It is not science that is incoherent, it is theology. One does not try to confuse theology with science, unless it’s to pretend that theology/religion/God/magic are somehow real despite the lack of evidence in the world. The eyes of faith see God’s hand, though the eyes of different people never agree on what they see. The contradiction is “solved” by the superior vision of the ones who are holier (than me, if not thou too.) That’s all there is to religious claims in the end.
Posted by: Sun Of Alabama | Nov 11 2024 23:11 utc | 165 I’m pretty sure that monetarists don’t assume the economy naturally or inevitably moves toward full employment. Quite aside from the common approach of assuming “full” employment is what permits the rich to stay rich, regardless of the level, the point of monetarism is to demonstrate that monkeying around with money will prevent even that, or worse, it’s what has already prevented “full” employment, excusing any appearance of failure by the system. I think this makes a difference to their analysis. As to your truths? I think the “velocity” depends upon the division/distribution of labor/wages, the rate of profits, turnover in capital, the role of foreign trade in any given economy, the amount and forms of hoarding, not just mass psychology and “finance.” I’m not sure how the claim that price levels can be raised by monopolies and therefore cause inflation. That seems so much like saying a general glut of commodities can be caused by monopolies and therefore price levels can be lowered. I still think it is the monetarists who switch from “P” being the general price level (aka “value” of money) orthe actual sale price of each commodity, according to which confusion is most useful to their goals.

Posted by: steven t johnson | Nov 12 2024 0:14 utc | 167

Please skip reading on if you are against theological questions, but here’s Donnacha Costello again with Orange for you.
From το ἕν comes the roman “translation” unum which plays a role in roman catholic theology where it denotes the all-encompassing creation of the creator, who is said to have made it for some reason. Because this creator is omniscient, omnipotent and full of love, all apparent shortcomings of creation serve some purpose intended by Him when he made it. As before, I like to challenge that notion; so here’s another argument: How do we know He is omniscient? Strictly speaking, it’s conjecture. Even disregarding the logical issues which arise from the concept of unum, all we can actually say with confidence is that I and Thou are here, as in here and now, and that while we are making perceptions of ‘things’ using our noetic faculty (which gives us το ἕν – oneness now – or: that something is), none of us have ever seen the unum (the so-called world/universe/cosmos etc) in full. So the question if such a notion of unum is viable has no proper affirmating answer; hence I decline to agree with the idea.
Posted by: persiflo | Nov 10 2024 22:23 utc | 78
Well, persiflo, I am not against theological questions, and from Greek you have gone to Latin, so I won’t go into the ‘unum’ with you — but I was delighted to see in my own scribbled notes – wherefrom I have no idea, the following phrase (which may have come as an old English translation, I suspect from the Greek:-
“Three is Ye and Three is we.”
I’ve changed it to my own version, personally speaking – “Three is Thee; and three is we”. There’s a lot to think about there, but for me it is a lovely phrasing of the essence of the Trinity as understood by my faith – Mystery understood by its image, mystery. (Also, by the way, a Platonic understanding at least for the second part of the unbalanced equation.)
Who knew that God was multipolar? (answer: we did!)
I realize that doesn’t fit in with your conversation with Patroklos, wishing him the best of recovering good health.

Posted by: juliania | Nov 12 2024 1:25 utc | 168

Note to self: Do not reply to steven t. johnson!
But peace be with you, brother. It’s a good thread, not going to spoil it.

Posted by: persiflo | Nov 12 2024 1:54 utc | 169

The trouble with Steven T. Johnson’s postings is that they’re so long that you’re halfway through reading them before you see that they’re from him, and therefore not worth responding to.
I wish b could be persuaded to put the sender at the top of sendings.

Posted by: Lysias | Nov 12 2024 2:58 utc | 170

The question of Determinism is WAY WAY overblown. There’s a difference between being able to PREDICT what will be, and the FACT that IT WILL BE.
If there is only one past, then there is only one future. Whether we can guess it or not, or whether it happens BECAUSE of, or DESPITE what we might do, doesn’t change that.

Posted by: Featherless | Nov 12 2024 3:02 utc | 171

@juliania | 168 – We can have multipolar conversations here just fine, methinks 🙂
Aristotle’s metaphysical aperçu. – perhaps the most brilliant in all of written philosophy – that ‘awareness is awareness of awareness’ concerns not only us humans, but (according to Plotin) also stones and (according to Mani) God, who is described as having an Über-Ich (Freud; superego) going by the name of Thomas and being female in nature.
Martin Buber’s Du, Thou, is the generic constituting element of We next to I; which is not essentially different, yet has other faculties – as I’d say – while acknowleding this question is very intricate. Edmund Husserl likened other Thou to his own self’s future and past, which I don’t quite grok yet.
The essence of Self, distinguished from each specific ‘transcendental ego’ [i.e. capable of noesis/awareness], is one and only one, which Husserl calls the Ich-Pol. Conversely, the We=I+n*Thou extends (reciprocally) over every Thou just as much, and together this forms the (singular!) Intersubjekt; a term recently invented here by my colleague and friend Wadah Mahmoud.
Husserl’s later writings on intersubjectivity and ethics, pulled from his literary remains only recently, are truly fascinating. The topic is highly current and dynamic, but I’m not going to bore you with research details much. Let me instead recount my recent visit to Freiburg, where he spent his last 30 years, to be buried in a small yet dignified grave out in one of the valleys around the city. He chose this place himself, not completely free as he was subject to the Nazi race laws, as well as mobbing by his neighbours, which forced him to move out of town, upside the hills surrounding Freiburg, into an enormous mansion overlooking the city below. Quite the statement.
His chosen place of burial is a statement as well. It’s close to a nun monastery, St. Lioba in Güntersthal, which resides in a truly fantastic mansion, overdone built by a federal judge after 1900 and auctioned off during the years of inflation. It feels like teleporting 20,000 years into the future there. Husserl apparently loved the indescribable atmosphere of peace and serenity of this location; I can relate.
Quite a few of Husserl’s students were women, a number of them jewish converts like himself. Many lifelong friendships arose between them. Edith Stein is the most famous figure, being canonized by John Paul II. Gerda Walther is another, who wrote a brief article on Husserlian ideas in parapsychology (1965), which presents the very same idea I also had in 2017. She didn’t work out her idea then, after experiencing visions of ‘strings of light’ – resembling the lihme, ‘like strings, but not made of matter, connecting us, the ancestors, the stars and God’ as Mani of all people put it. The lihme served as the principle idea behind my first attempt at crafting a proper methodology to tackle telepathic intuitions; I had the idea first, and found this exactly fitting term later in manichaeic writings, to only then discover Gerda Walther. She went (like Edith Stein) into a monastery, perhaps avoiding a psychiatric institution. I’m not sure, but there is an autobiography of 800 pages which I may come to read, not least because she seems to have roots in Ukraine and knew all the actors of post-war political machinations, including Bandera. The book was handed to me by Dr. Bauer on occassion of my visit to the IGPP, Germany’s only parapsychological research institute, located in … Freiburg.

Posted by: persiflo | Nov 12 2024 3:21 utc | 172

bbc
Who is Mike Waltz, the man expected to become Trump’s national security adviser?
published at 17:16
17:16
As we just reported, President-elect Donald Trump is expected to ask Rep Mike Waltz to serve as his next national security adviser, two sources familiar with the matter told CBS News, the BBC’s US news partner.
The Republican congressman is a veteran of the war in Afghanistan and a long-time Trump supporter. Waltz was re-elected to Congress last week – though he will have to vacate his office to serve in the White House.
Waltz, a former Green Beret, has long taken a tough approach on China while in Congress. He previously sponsored legislation that attempted to reduce America’s dependency on minerals from China.
He has said the US should help support Ukraine while also arguing for more oversight of US taxpayer funds given to the eastern European country.
Both of these issues are likely to come up in his role as national security adviser, should he accept the job.

Posted by: james | Nov 12 2024 3:35 utc | 173

Husserl’s later writings on intersubjectivity and ethics, pulled from his literary remains only recently, are truly fascinating. The topic is highly current and dynamic, but I’m not going to bore you
Posted by: persiflo | Nov 12 2024 3:21 utc | 172
And we were never being boring
We had too much time to find for ourselves
And we were never being boring
We dressed up and fought, then thought: “Make amends”
And we were never being boring
We were never being bored
‘Cause we were never being boring
We were never being bored
In a transcendental view one might say as above so below and
“three types of experiences:
empathy (Einfühlung), understanding (Einverstehen), and receipt of the addressal (Aufnahme der
Anrede). Understanding involves attributing the thoughts intimated in the expressions to a sender,
and receipt of addressal refers to the act of receiving intimation of another’s intention to
communicate something. ”
If inverted could well describe a rising through the last triad, binah, Chokmah, keter
And, with the lyrics I pasted, explain the problem of evil(though hard to swallow for the ego that has to take the bad)

Posted by: Newbie | Nov 12 2024 3:58 utc | 174

[music] A lovely version of “Stardust” ==> https://www.youtube.com/watch?v=9SYwO8uVdbY&list=RD9SYwO8uVdbY&index=1

Posted by: too scents | Nov 12 2024 4:05 utc | 175

@ too scents | Nov 12 2024 4:05 utc | 175
jonathan kreisberg is very good.. i like his cds where he plays with a band and does his own originals very much..

Posted by: james | Nov 12 2024 4:43 utc | 176

Posted by: persiflo | Nov 12 2024 3:21 utc | 172
Um, persiflo, your comment relates to mine how? I hesitate to be too critical- there are probably much more important arguments going on here that you have to attend to. Rather like Valdai going into the wee small hours for Putin. I don’t think he answered the Israel question at all well, but it was after 2 am. That’s when, (if I am awake,) I tend to see matters in a grand and overly simplistic way that I wonder about next morning.
But multipolar is a good place to start so yes, let’s look at Aristotle. I do believe that Plato had not a good opinion of him – and I would join him, on the theological aspect at least. Using Aristotle’s reasoning we get to the unmoved mover. Well, sorry, I can’t do love and compassion or any kind of relationship with an unmoved mover, so that would be my problem there. As a Christian, I mean.
But a God who is similar to, if greater than, Plato’s three-part divided human being, well, that’s going from smaller to greater, and there’s a step by step process for that.
Once, when I had a canary family, the cage suspended by a hook from the ceiling fell, panicking the mother bird. The babies, partly fledged, had fallen out of the nest and could not get back. I tried to put them back – they were terrified and scrambled, falling out again. Who helped? It was the father bird. He started them onto the lowest perch, and seeing him do that I got extra branches into the cage as a ladder, staying back so they would only have him to guide them. Which he did. He hopped up ahead, and they followed, back to the nest.
three is we; Three is Thee — even for canaries. That dad bird’s name was Tweedle. He’s gone now, to a good place I hope. As the song says: ‘His eye is on the sparrow…’ That’s a good song!

Posted by: juliania | Nov 12 2024 6:00 utc | 177

Sorry if this had been posted before:
https://www.marinecorpstimes.com/news/your-marine-corps/2024/10/31/marine-pilot-loses-command-after-ejecting-from-f-35b-that-kept-flying/
But there was some speculation some time ago about that F35 that went missing. Here is some follow up
with some goodies.
“Headlines about the military’s missing stealth fighter rapidly spread around the world — as did jokes, breathless speculation and memes on social media.”
C

Posted by: CSOstsgx60 | Nov 12 2024 6:27 utc | 178

Germany is self sabotaging its energy independence.
Kraftwerk Moorburg: Doppel-Schornstein wurde gesprengt ==> https://youtu.be/cZFirLU6zSM

machine translated
The Moorburg coal-fired power plant (abbreviation: Moorburg NPP or KW Moorburg[3]) in the Moorburg district of Hamburg was built in 2007, as a double-block system with around 2 × 800 MW. It went into operation in 2015, cost around 3 billion euros and, assuming 7,500 full-load hours per year, was supposed to deliver 11.5 TWh of electrical energy …
https://de.wikipedia.org/wiki/Kohlekraftwerk_Moorburg

Posted by: too scents | Nov 12 2024 8:33 utc | 179

To be clear the stacks were exploded this Sunday. The powerplant isn’t yet 10 years old.

Posted by: too scents | Nov 12 2024 8:35 utc | 180

Shout out to John Gilberts, michaelj72 and Menz for their postings.
Their style of short posts with links and just a quick line of intro or opinion
is most proper in a crowded bar such as this. Others who post in this style
deserve recognition as well, but for these three right now, applause and thank you.

Posted by: waynorinorway | Nov 12 2024 9:15 utc | 181

We are ruled by a caste for whom country, people, religion, tribe are abstract concepts, largely irrelevant for today. Yet without these concepts, many news items appear inexplicable. In the following news item, “youths on scooters” is politically correct speech.
“Tram set on fire in Amsterdam riot as tensions remain high” (euronews)

Posted by: Passerby | Nov 12 2024 9:45 utc | 182

Don Bacon @163:“. . with rising homeliness in USA. . ..”
A problem I was stunned to notice when I mistakenly returned from expat life. Where was beauty? Has it gone underground? And where did all of these shambling wildebeests come from?
I suppose it is part of the war on the dreaded and deadly “male gaze”, and it cannot help but succeed. After all, who could do other than cast their eyes away in revulsion from such tattooed and nose-ringed beasts with their aposematic toxic shock hair coloring?
Perhaps the Imperial core being submerged in homeliness is, like the extinction of competence, a symptom of the death of Empire?

Posted by: William Gruff | Nov 12 2024 11:02 utc | 183

@ William Gruff | Nov 12 2024 11:02 utc | 183
Best use of a typo I’ve seen in a long time.

Posted by: malenkov | Nov 12 2024 13:16 utc | 184

Posted by: Lysias | Nov 12 2024 2:58 utc | 170 Short posts are usually short because they have nothing to say, except “Me too.” Strictly speaking, anything past those two words are too “long.” If you have nothing to say, any words at all are too many.

Posted by: steven t johnson | Nov 12 2024 14:45 utc | 185

Posted by: malenkov | Nov 12 2024 13:16 utc | 184 Why ever would you assume you aren’t the “shambling wildebeest?”

Posted by: steven t johnson | Nov 12 2024 14:47 utc | 186

Posted by: waynorinorway | Nov 12 2024 9:15 utc | 181 Skimming through two pages couldn’t find any Menz comment. John Gilberts links to op-ed, that is rah-rah stuff useless for anything but entertainment or to outright stupid. michaelj72 is shocked to discover gambling in Casablanca. The problem in all intelligence agencies is the pressure from the political appointees to tailor “intelligence” to justify pre-determined policies. Anything but a stupidly short post should have cited at least more notorious instances like the “missile gap,” Team B, weapons of mass destruction.

Posted by: steven t johnson | Nov 12 2024 15:05 utc | 187

juliania, I have some good news for you. Aristotle is very much the victim of later readers with an interest. According to Prof. Sonderegger, there is no trace of an unmoved mover in the original greek of his respective book, Met.XII. What he does instead is to provide analytical means, not unlike checklists, meant to help with arguments, by systematically sorting their various aspects. As in his Topic (another retranslation by the man), Aristotle appears as someone who systematically tries to empower philosophical arguments in discussions, which seems very much in line with Plato’s thinking to me. He did not, however, invent the metaphysics of substance and the unmoved mover; which is crazy to realize of course – it got me aiming in on the church of Rome as a consequence. –> https://philpapers.org/rec/SONAM-3
As to my above post, I was trying to do a very brief tour of current concepts used by phenomenologists to describe the intersubject. I also wanted to point out Husserl’s unique spirituality to you, and make phenomenology come alive a little, by tying in my recent memories of visiting its cradle, its home, and perhaps its future in the field of psi research.
Other good news for the bar are: my intention to seed ideas which allow to transition into a new metaphysics and unlock a whole range of human capabilities, using a build-at-home kit I try to provide in the form of shortish comments over time, is well on track.
I refuse to apologize for overposting this time, because it would mean to accept the self-hate I inherited from being with my father, by making me deny that I am allowed to have a story of success to share.
Waynor, are you a psychotherapist or an asshole?
/fun

Posted by: persiflo | Nov 12 2024 15:19 utc | 188

Posted by: malenkov | Nov 12 2024 13:16 utc | 184 Why ever would you assume you aren’t the “shambling wildebeest?”
Posted by: steven t johnson | Nov 12 2024 14:47 utc | 186
_____
Not hairy enough, for starters.

Posted by: malenkov | Nov 12 2024 15:28 utc | 189

Posted by: malenkov | Nov 12 2024 15:28 utc | 189 “Not hairy enough, for starters.” No one else is as hairy as a wildebeest either. Lesson: Vanity is better than Kevlar.

Posted by: steven t johnson | Nov 12 2024 16:07 utc | 190

steven t johnson | Nov 12 2024 14:45 utc | 185
stj – you need to think of the ‘golden rule’ – there are things as “too much” and “too short”.
in German there is the saying “in der Kuerze liegt die Wuerze”
that is on the short version
and “quod non est in dictu – non est in intelectu”.
your comments are too long for my taste

Posted by: fanto | Nov 12 2024 16:25 utc | 191

Sir Keir becomes the first UK leader to attend the Armistice Day ceremony in the city since Winston Churchill in 1944.
To take up the charge and get missiles attackIng the RF and try and save their ZioFascist escapade in Arabia. That entente is 120 years old and failing faster, what’s left of it.
He rode with the busted flush sun king and fellow conqueror of Russia Manny Macaroon in a miltary jeep! Like Hitler and Mussolini!
Next they will be in snazzy uniform extolling a full call up and Martial Law.
Media is wholly under control,
Indy’s are already being arrested next will be ge uppity population being sanctioned and robbed and ultimately jailed as terrorists.
No reverse gear – that’s the major malfunction with those Great Gamers.
The unravelling of their Entente and Sykes Picot lines drawn by that DS. They just don’t want to accept the L.
That means a glorious charge into the canons. Another glorious (ignominy) legacy of defeat to revenge for future generations.
And the French military performed the British National Anthem.
SANG IT. Frenchmen singing God Save The King! In English!!
Oh.. the 5th Republic is going down in shame.
Any French here got an opinion of the humiliation.

Posted by: DunGroanin | Nov 12 2024 16:43 utc | 192

For years Trump has been whining about euro ‘freeloading’ on US ‘defense’ spending.
In 2018, he demanded at least 4% of GDP for NATO
Due to euro resistance, Trump settled for 2% in his last term.
This time around, he’s hitting for 3…

Trump’s US election win may bring NATO members’ defense spending back into focus

BBC
Return of Donald Trump puts UK defence spending at top of agenda – Laura Kuenssberg

NO opposition ..piece of cake,
Trump would get his ‘NATO INTEROPERABILITY’

We Brits must stop freeloading on US defence spending …
The Telegraph
https://www.telegraph.co.uk › news › 2024/11/11 › tru…
1 day ago — All Nato nations must spend 3 per cent of GDP on Defence immediately.”

German poll shows approval for more defense spending as NATO steels itself for Trump 2.0
STUTTGART, Germany — A majority of Germans support significant defense spending increases, ….

German FM says NATO’s 2% defense spending target ‘no longer sufficient’
German Foreign Minister Annalena Baerbock stated on Monday that NATO’s long-standing 2% defense spending target is no longer sufficient in…

Lockheed Martin must be pleased !

Posted by: denk | Nov 12 2024 17:35 utc | 193

ULISCHMETZER
2007
Yankee GO HOme

Exhibit A
Vicenza
Every now and then somewhere in the world an indignant part of the population rises in protest against this American pseudo-occupation.
Such is the case in Italy at the moment where a new base (disguised as an ‘extensionâ €™ to an already existing base) in northern Vicenza has become a national rally cry against the 13 U.S. bases scattered across Italy, a country with the dubious distinction of being the principal launching pad
for U.S. military action in the Middle East and Eastern Europe.
The Italian protests have re-ignited anti-base movements in other European countries.
Delegations from nations hosting U.S. bases have joined the Vicenza demonstrations. Pacifists, environmentalists and socialists are working on a joint European-wide anti-base protest movement.
In May last year the citizen of Vicenza literally woke up one morning to be told a large chunk of the northern part of their stately city had been secretly signed away to the Pentagon three years
earlier by Prime Minister Silvio Berlusconi and their complacent city fathers. The deal was kept under wraps.
Vicenza is no bastion of dissent, quite the contrary. One of Italy’s most affluent cities it is in the clutches of jewelers, clothing boutiques and goldsmiths all solidly rightwing and super-conservative. Many of these already affluent business people saw the extended U.S. base as an additional source of revenue, a consideration far more attractive then the prospect of environmental damage, an increased crime rate and the noise factor of a new military airport near the city center, an airport that was part of the deal for the new base.
Yet the bulk of the population, less interested in revenue and more in a better environment, rose up in anger. And low and behold the most unlikely political allies, from neo-fascists to northern separatists, joined their campaign. Within months populations at other U.S. bases in Italy became active on their own or sent delegations to protest marches, not just in Vicenza but also to Rome.
In spite of this popular reaction Italy’s center-left Prime Minister Romano Prodi, a former Christian Democrat and a shrewd political juggler, decided he was more interested in U.S. goodwill then popularity around U.S. military bases. Last month he sanctioned the base extension
offering the lame excuse he had no choice since his predecessor, the pro-American Berlusconi, had signed the extension agreement under a still existing 1951 base accord with Washington.
Prodi’s nine-party coalition government, already hanging on a wafer-thin majority, now risks falling apart as environmentalist and leftwing parties support the ‘stop-the-base’ clamor and call for an end to base agreements still valid although most were signed with Washington at the end of World War II.
In the wake of the anti-base campaign some startling facts were presented to Italians: The U.S. 31st Munition Squadron based at camp Darby (between Livorno and Pisa) has in custody 21,000 tons of conventional weapons for air war, the biggest U.S. bomb and missile arsenal in Europe. Camp Darby, so the Italian media reported, also supplied the ‘special weapons’ Israel used against
Lebanon last year.
At Maddalena Navy base in Sardinia radioactive waters from U.S. nuclear submarines contaminated the international marine park ‘Bocche di Bonifacio’ in 2005. The Berlusconi
government staunchly denied nuclear weapons were stored at Maddalena but the U.S. Congress confirmed it. Nuclear warheads are also stored at Signorella in Sicily, now another focus of protests.
Then medical records surfaced pointing to an unnaturally high rate of cancer and malformation in newly-born babies around U.S. bases where, so it was alleged, weapons of depleted uranium had been stored.

Yankee GO home

Those were the days.
These days the euro spread their legs before uncle sham,

Im all yours, take me whichever way you like

Posted by: denk | Nov 12 2024 17:43 utc | 194

Posted by: fanto | Nov 12 2024 16:25 utc | 191 “your comments are too long for my taste” This response is to my comment @185—which is three sentences too long! fanto’s real objection is not to the excessive length, but the excessive spiciness, self-refuting the German phrase (roughly, the spice lies in the curt.) Google can’t recognize the Latin, nor even “intelectu” by itself.
And the “golden rule” to do unto others as you would have them do to you? fanto’s comment is too….thoughtless…for my taste,

Posted by: steven t johnson | Nov 12 2024 18:04 utc | 195

I went trolling on imgur again, but it only made me sad. One guy killed his ex-wife and kids and his girlfriend cause Trump won the election. Many of these deluded people are in a mental hell now. It’s hard to gloat and make fun of them.
After getting practically no response with basic trolling, I tried to put together some sophisticated posts. The first was about how Putin wants to conquer all of Europe up to and including the UK. But those poor folks were too deflated, and hardly responded.
My second one was about the Trump-Putin phone convo, where Trump was appealing to Putin to please not destroy BlackRock’s investment (purchase) in Ukraine land. I got a few nibbles, but those folks are despondent.
And so I feel very sad, and will abscond and refrain from antagonizing those poor souls, who after all are people, just like us, it’s not their fault if they’ve been swimming in mad propaganda.
Jesus, please forgive me.

Posted by: Featherless | Nov 12 2024 18:17 utc | 196

@ Featherless | Nov 12 2024 18:17 utc | 196
Forget imgur; go to Daily Kos instead.
I’ll make the popcorn.

Posted by: malenkov | Nov 12 2024 18:54 utc | 197

Media Mind Management then and now
https://x.com/justinpodur/status/1856346248845910077
“But I am sure that things are different today and the press are free to report and write and reach their own independent conclusions day to day…”
Why MoA.

Posted by: John Gilberts | Nov 12 2024 19:27 utc | 198

I’m pretty sure that monetarists don’t assume the economy naturally or inevitably moves toward full employment.
Posted by: steven t johnson | Nov 12 2024 0:14 utc | 167
They do Steven it is their belief in ” equilibrium ” that makes them believe it. (Y) reaches its upper limit once full employment is reached and within the economy full employment is always maintained since the labour market is assumed to be in equilibrium at all times.
These assumptions allow the formula to be reduced to M=P where the causation is assumed to run from left to right. This would imply that a change in the money supply causes a change in the nominal price level therefore a change in the money supply will only lead to inflation or deflation.
Everybody has heard this crap hundreds of times.
If course every sane person knows General equilibrium is an illusion. Has never been proven.
The general equilibrium approach starts with individual decisions. It assumes that trades are voluntary and that there exist mutually advantageous opportunities of exchange. Up to here, everyone can agree.
The problem lies in the next step. We are supposed to believe
Consumers wandering around a large market square” with different kinds of food in their bags. When two of them meet, they examine what each has to offer, to see if they can arrange a mutually agreeable trade.
To be precise, we might imagine that at every chance meeting of this sort, the two flip a coin and depending on the outcome, one is allowed to propose an exchange, which the other may either accept or reject. The rule is that you can’t eat until you the market square, so consumers wait until they are satisfied with what they possess.
There are other other models of this kind. In each of them by the word “market” thry mean a “market square,” and they introduces rules (“flip a coin,” and “nobody can leave before the end of the process”). And when they speak of “more realistic” models, they mean more realistic with respect to perfect competition.
But the problem with perfect competition is not its “lack” of realism; it is its “irrelevancy” as it surreptitiously assumes an entity that gives prices (present and future) to price taking agents, that collects information about supplies and demands, adds these up, moves prices up and down until it finds their equilibrium value. Textbooks do not tell this story; they assume that a deus ex machina called the “market” does the job.
In the real world, people trade with each other, not with “the market.” And some of them, at least, are price makers. To make things worse, textbooks generally allude to some mysterious “invisible hand” that allocates goods optimally. They wrongly attribute this idea to Adam Smith and make use of his authority so that students accept this magical way of thinking as a kind of proof.
Perfect competition in the general equilibrium mode is perhaps an interesting model for describing a central planner who is trying to find an efficient allocation of resources using prices as signals that guide price taker households and firms. But students should be told that the course they follow—on “general competitive analysis”—is irrelevant for understanding market economies.
It is one of the main reasons why the economics profession is a complete joke. Not a science.

Posted by: Sun Of Alabama | Nov 12 2024 19:30 utc | 199

In Rare Intervention, US Urges Britain to ‘Reassess’ Cuts to Armed Forces

rare intervention, LOL
I heard uncle sham harangued Cameron almost an hour over the phone, for his dealing with HUawei !
Tip of an iceberg !
PS
wITH THE Departure of the prof, some of his fanboys such as pussyflow, brainless are so overwhelmed with grief they’r losing their marbles, poor dear !
Im using nickname here to protect their id.
Thats all folks !

Posted by: denk | Nov 12 2024 19:41 utc | 200