I hope I'm not misunderstanding this quote (because I haven't read the book): "Maier calls this dipole both “essential” and “implausible,” and marvels at the strength in India of the forces that made the Hindu-identified “economically successful...sign... into a Hinduist movement whose rhetoric seemed designed to demonize them....”" I can assure you that the "economically successful...sign" was far from the reality when they started out, back in the late 1980s, when they used to be on the periphery of politics. They started with what you want to google as the "Ram Rath Yatra." That's where they laid the foundation. And that's the well they still draw from. Not the economics.
One of the things I worry about is not so much fascism but a kind of feudalism. Perhaps I have read all 5 books of Frank Herbert's dune series too many times. But one way of looking at things is that the rapid pace of change has made many many people unmoored and that they are looking for a strong lord to protect them from the winds of change. Some authors have suggested that robots and AI will give us a world where most folks depend on robots for most of what they consume while the uber wealthy will surround themselves with human servants from cooks to valets as a status symbol of their wealth -- this sounds too like a kind of fedualism.
Barro is right to mock anti-law enforcement reforms in California and since bad ideas do often arise in California and spread to other places (Prop 13?) surveillance of disease vectors is in order. But .... let's make sure the immune response is not worse than the disease. We do not always have the luxury of the choice between a common sense liberal and a "progressive."
Ansty: Bad headline. US growth could be good in the short term and world growth lower int he longer term. Neither POV is worth much without understanding the policy expectations lying behind the predictions. Does Yellen expect the Fed to paus its interest rate increases?
Even Keynes was not clever enough to foresee the absolute genius of the New Right: tax cuts cum deficits to drive up interest rates.
I hope I'm not misunderstanding this quote (because I haven't read the book): "Maier calls this dipole both “essential” and “implausible,” and marvels at the strength in India of the forces that made the Hindu-identified “economically successful...sign... into a Hinduist movement whose rhetoric seemed designed to demonize them....”" I can assure you that the "economically successful...sign" was far from the reality when they started out, back in the late 1980s, when they used to be on the periphery of politics. They started with what you want to google as the "Ram Rath Yatra." That's where they laid the foundation. And that's the well they still draw from. Not the economics.
One of the things I worry about is not so much fascism but a kind of feudalism. Perhaps I have read all 5 books of Frank Herbert's dune series too many times. But one way of looking at things is that the rapid pace of change has made many many people unmoored and that they are looking for a strong lord to protect them from the winds of change. Some authors have suggested that robots and AI will give us a world where most folks depend on robots for most of what they consume while the uber wealthy will surround themselves with human servants from cooks to valets as a status symbol of their wealth -- this sounds too like a kind of fedualism.
Barro is right to mock anti-law enforcement reforms in California and since bad ideas do often arise in California and spread to other places (Prop 13?) surveillance of disease vectors is in order. But .... let's make sure the immune response is not worse than the disease. We do not always have the luxury of the choice between a common sense liberal and a "progressive."
Ansty: Bad headline. US growth could be good in the short term and world growth lower int he longer term. Neither POV is worth much without understanding the policy expectations lying behind the predictions. Does Yellen expect the Fed to paus its interest rate increases?
One Image. With the right kind of immigration, the height and base of the US rectangle would be higher.