No Place To Go
No Place To Go
https://reason.com/2024/10/15/no-place-to-go/
Biden’s Top Trade Official Just Admitted Tariffs Haven’t Changed China’s Behavior
“”The China tariffs are, in my view, a significant piece of leverage—and a trade negotiator never walks away from leverage,” U.S. Trade Representative Katherine Tai said at that time. The Biden administration, she added, was seeking to turn that “leverage into a strategic program that will strengthen American competitiveness and defend our interests in a global economy in which China will continue to play.”
More than two years later, and nearly four years after Biden took office, what has that supposed leverage accomplished? Tai provided the answer to that question this week during an interview with Bloomberg.
“We really haven’t seen the [People’s Republic of China] make any changes to its fundamental systemic structural policies that would make sense for us to provide any relaxation,” Tai told reporter Eric Martin for his Supply Lines newsletter.
In fact, Tai noted that there aren’t any ongoing negotiations between the U.S. and China right now—but don’t worry, she’s still insistent that the tariffs are useful for…something. “At the moment we are not negotiating anything with the PRC on trade,” she told Martin, “but one day we may be back at the table, in which case these tariffs will be useful as leverage, right?”
In summary, Tai’s position seems to be that American businesses and families must continue bearing the cost of the Trump-Biden tariffs even though those tariffs have plainly failed to achieve their primary policy goal (changing China’s behavior) because there’s a chance that someday, somehow, that might make a difference.”
https://reason.com/2024/10/15/bidens-top-trade-official-just-admitted-tariffs-havent-changed-chinas-behavior/
J.D. Vance Says 7 Million Able-Bodied Men Have Dropped Out of the Labor Force. Where Are They?
“Eberstadt’s work shows that the decline in work force participation of American men has been steady and ongoing since the 1960s. It has continued steadily during periods when immigration has been high, and when it has been low.
Other economic factors also fail to explain this steady decline, as Eberstadt wrote in an essay for National Affairs in 2020: “The tempo of workforce withdrawal appears to be almost completely unaffected by the tempo of national economic growth, which varied appreciably over this period. Even recessions—including the Great Recession—appear to have scarcely any impact on the trend. Likewise, the NAFTA agreement, China’s entry into the World Trade Organization, and other ‘disruptive’ trade events with major implications for the demand for labor in America do not stand out,” Eberstadt wrote in 2020.
In other words, it’s not the natcon boogeymen of free trade and immigration that are driving this outcome. Eberstadt has argued that a lack of educational options for low-income men is the primary cause, though a number of cultural changes have also played a role, including “family structure, government-benefit dependence, and mass incarceration.””
…
“Contrary to Vance’s claim, it does not seem like most of those men have been forced out of the work force by employers who are eager to “import somebody from Central America who’s going to work under the table for poverty wages.” Rather, they’ve left the work force for a variety of reasons. Some are in jail, some are disabled, some are caring for family members or otherwise unable to commit to a full-time job. The notion that America has 7 million able-bodied men who would be working if only they could find a job is misguided.
Vance’s argument also ignores other relevant details, like the fact that men’s participation in the labor force has increased over the past four years. It’s not what you’d expect to see if the Biden administration’s immigration policies were forcing working-age American men out of jobs.”
…
“”Inability to find a job has played a minimal role in men’s declining labor supply,” concluded Eberstadt’s colleague Scott Winship, a senior fellow at the American Enterprise Institute, in an essay published last month by Fusion. After reviewing decades of data about why nonworking men are still without a job, Winship concluded that “only about a quarter of the increase in prime-age men who were jobless for a full year was explained by men who wanted a job.””
…
“”The decline in work force participation among working-age men hasn’t been due to any deterioration in the labor market or economy,” Winship wrote in an email on Wednesday. “It mostly reflects rising school enrollment, increased responsibilities at home, earlier retirement, and especially increased receipt of disability benefits. The latter is primarily a problem with our disability policy rather than with our economy.””
https://reason.com/2024/10/17/j-d-vance-says-7-million-able-bodied-men-have-dropped-out-of-the-labor-force-where-are-they/
611. Fareed Zakaria on What Just Happened, and What Comes Next | Freakonomics Radio
Biden was the most pro-worker president in a long time, and no one gave a shit.
https://www.youtube.com/watch?v=tH_qmclOZ6U
No Prosperity Without Economic and Political Liberty
“”Every set of extractive institutions is extractive in its own way, while all sets of inclusive institutions are inclusive in pretty much the same way. For example, ancient Rome ran on slavery; Russia on serfdom, Imperial China strictly limited domestic and foreign commerce; India depended upon hereditary castes; the Ottoman Empire relied on tax farming; Spanish colonies on indigenous labor levies; sub-Saharan Africa on slavery; the American South on slavery and later a form of racial apartheid not all that unlike South Africa’s; and the Soviet Union on collectivized labor and capital. The details of extraction differ but the institutions are organized to chiefly benefit elites.
So why don’t extractive elites encourage economic growth? After all, growth would mean more wealth for them to loot. Acemoglu and Robinson show that the institutions that produce economic growth are inevitable threats to the power of reigning elites. The “key idea” of their theory: “The fear of creative destruction is the main reason why there was no sustained increase in living standards between the Neolithic and Industrial revolutions. Technological innovation makes human societies prosperous, but also involves the replacement of the old with the new, and the destruction of the economic privileges and political power of certain people.” Thus throughout history reactionary elites naturally resisted innovation because of their accurate fear that it would produce rivals for their power.””
https://reason.com/2024/10/17/no-prosperity-without-economic-and-political-liberty/
IDF on the Brink: Is the Ceasefire in Lebanon a Strategic Blunder? How It Impacts Gaza
Israel blew a lot of shit up, but didn’t seem to make concrete gains in Lebanon.
https://www.youtube.com/watch?v=Bm_LP1zGbrk
The media is LYING to you about the F-35 (here’s why)
Contrary to popular belief, the F-35 is bad ass.
https://www.youtube.com/watch?v=BB_3UwpG-Do
Neil Gorsuch’s New Book Is an Embarrassment
“In fact, most federal criminal prosecutions are immigration, drug and gun cases. The largest numbers of federal inmates are in custody because they were convicted of drug, weapon and sex offenses. The story is similar in state prison systems, where roughly 90 percent of the inmates are in custody because they were convicted of a violent offense, property crime or a drug offense.
The legal system is far from flawless — and plenty of Americans sincerely believe that there are too many laws and regulations in the country — but Gorsuch’s selective and misleadingly presented case studies do not tell us anything particularly useful about it.
To be sure, there are some redeeming features of the book. Gorsuch criticizes occupational licensing requirements, the exorbitant cost of legal services in this country and the ways in which they burden working- and middle-class Americans.
But what’s left out of the book is often just as instructive — if not more so — than what’s in it. His interest in government overreach stops short when it comes to liberal causes.
In an anecdotal book about overzealous prosecutors, there are no stories about people being sent to prison because they mistakenly tried to vote when they weren’t eligible or about laws that make it illegal to give voters water while they wait in line. There are no stories about women being arrested because they had miscarriages, part of the ongoing fallout from the decision by Gorsuch and his fellow Republican appointees to overturn Roe v. Wade.”
https://www.politico.com/news/magazine/2024/10/15/neil-gorsuch-book-supreme-court-00183518
‘It’s the First Amendment, Stupid’: Federal Judge Slams Florida for Threatening TV Stations
“Floridians this fall will vote on a constitutional “Amendment to Limit Government Interference with Abortion.” So authorities decided to interfere with free speech in an attempt to thwart voters from limiting the government’s right to interfere in reproductive decisions. The state threatened TV stations with criminal penalties for running an ad supporting the abortion initiative (known as Amendment 4).
A federal judge isn’t impressed. “To keep it simple for the State of Florida: it’s the First Amendment, stupid,” wrote U.S. District Judge Mark E. Walker in an October 17 opinion.”
…
” The ad in question is “political speech—speech at the core of the First Amendment,” notes Judge Walker. “And just this year, the United States Supreme Court reaffirmed the bedrock principle that the government cannot do indirectly what it cannot do directly by threatening third parties with legal sanctions to censor speech it disfavors. The government cannot excuse its indirect censorship of political speech simply by declaring the disfavored speech is ‘false.'””
https://reason.com/2024/10/18/its-the-first-amendment-stupid-federal-judge-slams-florida-for-threatening-tv-stations/
Biden and Graham Reportedly Schemed on How ‘To Go to War For Saudi Arabia’
Biden and Graham Reportedly Schemed on How ‘To Go to War For Saudi Arabia’
https://reason.com/2024/10/18/biden-and-graham-reportedly-schemed-on-how-to-go-to-war-for-saudi-arabia/