• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    riverdaughter on Shiny Happy People
    riverdaughter on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    riverdaughter on Shiny Happy People
    Ivory Bill Woodpecke… on Oh yes Republicans would like…
    Ivory Bill Woodpecke… on Shiny Happy People
    William on Jeopardy!
    jmac on Jeopardy!
    William on Jeopardy!
    riverdaughter on Oh yes Republicans would like…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    June 2023
    S M T W T F S
     123
    45678910
    11121314151617
    18192021222324
    252627282930  
  • RSS Paul Krugman: Conscience of a Liberal

    • An error has occurred; the feed is probably down. Try again later.
  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

  • Top Posts

#Brexit, appliances, eucatastrophes and GoT crackpot theories

maxresdefault

What has the EU ever done for us?

Hi everybody, I have to go mow the lawn. It’s a nice day out today and I want to get it over with so I can do more fun things. But first, some thots about Brexit.

David Cameron is a ditz. He called his voters’ bluff one too many times. Unfortunately, the people who voted for exiting the EU are dragging all of the young and well educated with them. It’s funny how this turned out to be a referendum on immigration and all those furiners taking jobs. Why is it that the well connected who are making out like bandits in the globalization deal escape scrutiny time after time?

I blame Rupert Murdoch. Wherever his “news” channels are strongest so is the redirection of righteous indignation onto the backs of the people who are least able to defend themselves.

Anyway, I wanted to point out that this globalization meme is truly stupid and well-meaning politicians should stop cuddling up to the propagators of this nonsense. Instinctively, we know that globalization is the excuse that is being used to tear down social safety nets. The reasoning is that goods for Americans, for example, are cheaper when they are made elsewhere. But is that really true?

Here’s a challenge: next time you’re in Lowes or Home Depot, go visit the appliance department. Try to figure out which refrigerators and ranges are made here in the US and which are made in Korea by price. There are brands that are made here in the US but they do not carry a premium price. In fact, the most expensive appliances, the ones that everyone wants and needs, are made in Korea. Not only that but sales reps will tell you confidentially that the current generation of those $3200 refrigerators are not supposed to last more than 7-10 years.

That’s globalization for you. And people buying new appliances know this in their bones. They know they’re being conned. What can you do? You can’t let your food spoil. But you gotta wonder where all the cost savings went. If the appliances are no longer cheaper but the labor is, then the difference is pure profit and it’s going into someone’s pocket. Not ours, obviously.

Globalization as we know it is really about a global casino, shareholder value, 401K’s. Did you notice that on Friday when the market dropped, we were all told not to look at our 401Ks? That’s what the gamblers would prefer. They don’t want you to look at how the value of your hard earned money, your retirement plan, is taking a plunge and will continue to do so. “Leave it alone, don’t think about it” is the message we get. Otherwise, you might get angry and they don’t want you to get angry and pull YOUR money out of THEIR market. Don’t look until we have to retire and find that all these monumental shocks left us with a lot less than the financial consultants said. They won’t promise you a guaranteed rate of return or even that you’ll have any principal left.And it’s all up to you. If you don’t plan, if you’re not playing the game correctly, well, it’s you’re fault for not being them.

I don’t buy the idea that nothing can be done about this kind of globalization. As Larry Elliott writes in his post in The Guardian:

The risk is that if the mainstream parties don’t respond to the demands of their traditional supporters, they will be replaced by populist parties who will. The French Socialist party has effectively lost most of its old blue-collar working class base to the hard left and the hard right, and in the UK there is a danger that the same thing will happen to the Labour party, where Jeremy Corbyn’s laissez-faire approach to immigration is at odds with the views of many voters in the north that supported Ed Miliband in the 2015 general election, but who plumped for Brexit last week.

There are those who argue that globalisation is now like the weather, something we can moan about but not alter. This is a false comparison. The global market economy was created by a set of political decisions in the past and it can be shaped by political decisions taken in the future.

A smart politician is one who will see Brexit as the eucatastrophe it is, no pun intended. It might be too late for a do-over in Britain, but the American election is months away. It is not too late to turn this ship around. Even if Hillary is ahead of The Donald, she should take a good look at how the landscape has changed and take advantage of it to craft new policies, policies that will ensure lasting political change. Obama failed to take advantage of his opportunities from 2008-2010. Hillary should sieze on hers now even at the risk of offending some of her donors in Silicon Valley.  The pressure on regular non-rich Americans has been building for years now. It got significantly worse in the last 8 years as the finance industry and big business benefitted from lax oversight to push more and more people into a Gig Economy. That’s where you’re valuable when you’re young and single and willing to job hop. But as soon as you grow up and want a steady job and a family and a house, the jobs mysteriously dry up.

Brexit shows us what can happen when voters have a chance to express themselves. Voters are angry and they are motivated and they want to make a point. David Cameron thought throwing them a bone of a referendum would be just another Scotland independence vote where the whiners and complainers would get trounced and shut up about it already. But he seriously misread the electorate. They’re sick of being taken advantage of and if they’re going down, they’re going to take everyone else with them. And just like the UK, we have a bunch of angry white guys with big erections that they are going to parade all the way to the voting booth. The economy is not booming, we aren’t doing well and unlike the angry Bernie supporters, who at least know who to blame, the Trump supporters will lash out at anyone who isn’t a white male American.

Better to give them policies that will curb the malefactors of great wealth and stop expecting the working class to foot the bill all time than to see us all wake up after the conventions feeling like we’ve been thoroughly f^&*ed.

********************************************************************

Tonight is the season finale of Game of Thrones. Here are my crackpot theories about how what’s going to happen:

  1. We will find out tonight just who was the recipient of Sansa Stark’s letter and plea for help. Everyone assumes it was Petyr Baelish, aka Littlefinger. But I think Sansa has grown a clue in the last six years. She made a deal with someone in the Vale. Was it Lord Royce or SweetRobin? In any case, Littlefinger may be losing his edge. If you’re planning to come to someone’s rescue, make sure you get the specific reciprocal rewards on paper, preferably signed in blood.
  2. Whatever Sansa does, there will be a faction of fans who will be critical. They’ve been complaining for years now that she’s been too much of a passive pushover. But since she started taking control of her life this season and making some controversial decisions, they’ve become even more hostile and critical that “She’s doin’ it wrong”. Also, there are some fans who are very negative that she might be losing her girlish innocence to be replaced by a calculating survival mode. Thus Game of Thrones continues to reflect current political realities. Even in the fantasy realm, Cenk Uygar is tiresome, sexist asshole. The pattern is obvious, Cenk. Your slip is showing. Calm your tits already.
  3. What is in the crypts of Winterfell? I mean, seriously, there’s some secret lurking down there that we don’t know about. And why is it that “there must always be a Stark at Winterfell”? The first book opened in the crypts when Ned took Robert down there to check out Lyanna’s grave. But various characters are always finding some excuse to go down there and light some candles. Maybe this is what Littlefinger is truly interested in. Sansa’s just the cheesecake dessert.** Whatever is down there is what he’s really after.
  4. Tonight, we will probably get confirmation that R+L=J. Was Jon reborn last week under a bleeding star of the circular pattern of dead and dying bodies? Was the “salt and smoke” from the Ramsay’s burning victims and the sweat of battle? Will Melisandre be the ultimate sacrifice? Will she finally understand the signs she sees in the fire?

Add your own crackpot theories in the comments.

* *  Here’s another crackpot theory. We all know how Ramsay Bolton had a thing for cutting off various body parts from his victims. What if Ramsay did a bit of FGM on Sansa? I’ve been watching too much Game of Thrones to even be imagining this but I could see him doing it, considering what he cut off of Theon Greyjoy. In that case, Sansa may decide to become a born-again virgin and get her kicks from wielding power instead. Oooo, Cenk isn’t going to like that.

Dracarys.