Skip to main content

Home/ Long Game/ Group items tagged economics

Rss Feed Group items tagged

anonymous

Portfolio: Russia Takes Advantage of the Eurozone Crisis - 0 views

  • The key issue right now is whether Greek parliament will be able to pass the June 28 austerity measures vote. If it fails, it could lead to further panic throughout Europe. This has unsettled the markets and generally panicked investors throughout the world.
  • Russia has considerable opportunities opening up before itself because of the eurozone crisis.
  • First of all, Europeans are distracted and generally not unified on a number of issues but because the economic crisis has engulfed the eurozone
  • ...6 more annotations...
  • The two greatest geopolitical interests are the upcoming privatizations in Greece and also the news that Russia is interested in Austrian banks.
  • One of the interesting assets that Athens is looking to sell is DEPA, its natural gas company.
  • if DEPA falls to Russian hands, Gazprom has been quoted to be interested in its privatization, it would really complicate European efforts of using Greece as an alternative to Russian natural gas routes.
  • Another appealing opportunity for the Kremlin is the rumored interest of Sberbank and VTB, Russia’s two largest state-owned banks and Austria’s ­Raiffeisen Bank and Fokus Bank.
  • The reason that Russia’s interest in Austrian banks is something to look at is because Austrian banks control quite a number of banks in Central and Eastern Europe.
  • there are opportunities for investment that Russia can parlay into geopolitical advantage.
  •  
    "Analyst Marko Papic examines how Russia is able to gain geopolitical leverage over Europe because of the eurozone's ongoing crisis."
anonymous

America's Epidemic of Enlightened Racism - 0 views

  • the summary dismissal of the column – without substantive rebuttals to claims that are so racist as to seem to be beneath public discourse – means that he can play the role of victim of political correctness gone amok.
  • Derbyshire claims that his ideas are backed up by “methodological inquiries in the human sciences,” and includes links to sites that provide all the negative sociological data about black people you’d ever need to justify your fear of them, including the claim that “blacks are seven times more likely than people of other races to commit murder, and eight times more likely to commit robbery.”
  • So he can cast himself as someone who had the courage to tell it like it is – with all the sociological data backing him up – only to be punished for this by the reactionary hypocrites who control the public discourse.
  • ...25 more annotations...
  • Once again, he can tell himself, those quick to cry “racism” have prevented an honest conversation about race.
  • If Derbyshire were a lone crank, none of it would matter much. But he’s not.
  • they see them selves as advocates of a sort of enlightened racism that doesn’t shrink from calling a spade a spade but isn’t inherently unjust.
  • Enlightened racism is meant to escape accusations of being racist in the pejorative sense via two avenues: the first is the appeal to data I have just described. The second is a loophole to the effect that exceptions are to be made for individuals.
  • They could care less about skin color, they say; it really is the content of people’s characters that concerns them, and that content really does suffer more in blacks than whites.
  • Because they are so widespread and aim to restore the respectability of interracial contempt, these attempts at an enlightened racism deserve a rebuttal. Especially in light of the fact that those who hold such views often see themselves as the champions of reasons over sentiment, when in fact their views are deeply irrational.
  • First, a history of slavery, segregation, and (yes) racism, means that African American communities suffer from some social problems at higher rates than whites.
  • But that doesn’t change the fact that the majority of black people – statistically, and not just based on politically correct fuzzy thinking – are employed, not on welfare, have no criminal record, and so on and so forth.
  • So the kind of thinking that enlightened racists see as their way of staring a hard reality right in the face turns out to be just a silly rationalization using weak statistical differences.
  • In other words, one’s chances of being a victim of violent crime is already so low, that even accounting  for higher crime rates among African Americans, one’s chance of being a victim of violent crime by an African American remains very low.
  • The argument that Derbyshire and those like him make is that we are justified in treating an entire population as a threat – in essentially shunning them in the most degrading way – because one’s chances of being harmed by any given member of that population, while very low, is not quite as low as one’s chances of being harmed by the general population.
  • It’s an argument that starts out with sociological data and quickly collapses to reveal the obvious underlying motivation: unenlightened racism of the coarsest variety.
  • Second, there is the issue of character: because this, after all, is what really motivates these attempts at establishing an enlightened racism that gives individuals the benefit of the doubt while acknowledging the truth about general cultural differences.
  • I think it suffices to respond in the following way: people tend to mistake their discomfort with the cultural differences of a group with that group’s inferiority. (They also tend to conflate their political and economic advantages with psychological superiority).
  • If they respond with sociological data about education and birth rates and all the rest, we only have to respond that like crime rates, they’re exactly the sort of consequences one would expect from a history of oppression and even then fail to justify racist stereotypes.
  • The fact is, that where we pick a white person or black person at random, the same truths hold: they very likely have a high school diploma, and probably do not have a bachelor’s degree. They’re probably employed and not on welfare. They’ve probably never been to prison, and they almost certainly are not going to harm you. These are the broad statistical truths that simply do not vary enough between races to justify the usual stereotypes.
  • So here is the hard truth that advocates of enlightened racism need to face: their sociological data and ideas about black character, intelligence and morality are post-hoc rationalizations of their discomfort with average cultural differences between whites and blacks.
  • The fact that they have black friends and political heroes, or give individuals the benefit of the doubt as long as they are “well-socialized” and “intelligent” just means that they can suppress that discomfort if the cultural differences are themselves lessened to a tolerable degree.
  • And so they need to disabuse themselves of the idea that true, unenlightened racism is a term very narrowly defined: that it requires a personal hatred of individual black people based on their skin color despite evidence of redeeming personal qualities.
  • What they think of as redeeming personal qualities are just qualities that tend to make them less uncomfortable. But the hatred of black culture and post-hoc rationalizations of this hatred using sociological data are just what racism is.
  • This is not to say that mere discomfort with cultural difference is the same thing as racism (or xenophobia). Such discomfort is unavoidable: You’d have this sort of discomfort if you tried live in a foreign country for a while, and you’d be tempted by the same sorts of ideas about how stupid and mean people are for not doing things the way you’re used to.
  • strange customs become “stupid” because they reflect less of ourselves back to us than we’re used to.
  • That lack of reflection is felt not only as a distressing deprivation of social oxygen, but as an affront, a positive discourtesy.
  • The mature way to deal with such discomfort is to treat it as of a kind with social anxiety in general: people are strange, when you’re a stranger. Give it some time, and that changes. But it won’t change if you develop hefty rationalizations about the inferiority and dangerousness of others and treat these rationalizations as good reasons for cultural paranoia.
  • Americans seem to have difficulty engaging in the required reflective empathy, and imagining how they would feel if they knew that every time they walked into a public space a large number of a dominant racial majority looked at them with fear and loathing. They might, under such circumstances, have a bad day.
  •  
    From Nick Lalone in Buzz. "John Derbyshire has been fired from the National Review for an openly racist column on how white people should advise their children with respect to "blacks": for the most part, avoid them. Because on the whole, they are unintelligent, antisocial, hostile, and dangerous. Or as he puts it, avoid "concentrations of blacks" or places "swamped with blacks," and leave a place when "the number of blacks suddenly swells," and keep moving when "accosted by a strange black" in the street. The language is alarmingly dehumanizing: black people come in "swamps" and "concentrations" (and presumably also in hordes, swarms, and just plain gangs). And it's clearly meant to be a dismissal of the notion - much talked about recently in light of the Trayvon Martin shooting - that African Americans should be able to walk down the street without being shunned, much less attacked."
anonymous

Borderlands: Hungary Maneuvers - 0 views

  • For me, Hungarian was my native language. Stickball was my culture. For my parents, Hungarian was their culture. Hungary was the place where they were young, and their youth was torn away from them.
  • For them, it was always the Germans who were guilty for unleashing the brutishness in the Hungarians.
  • This was my parents' view: Except for the Germans, the vastness of evil could not have existed. I was in no position to debate them.
  • ...34 more annotations...
  • This debate has re-entered history through Hungarian politics.
  • Some have accused Prime Minister Viktor Orban of trying to emulate a man named Miklos Horthy, who ruled Hungary before and during World War II.
  • It has become a metaphor for the country today, and Hungarians are divided with earnest passion on an old man long dead.
  • Adm. Miklos Horthy, a regent to a non-existent king and an admiral in the forgotten Austro-Hungarian navy, governed Hungary between 1920 and 1944.
  • Horthy ruled a country that was small and weak. Its population was 9.3 million in 1940. Horthy's goal was to preserve its sovereignty in the face of the rising power of Adolf Hitler and Josef Stalin. Caught between the two -- and by this I mean that both prized Hungary for its strategic position in the Carpathian Basin -- Hungary had few options.
  • Horthy's strategy meant a great deal to the Jews. He was likely no more anti-Semitic than any member of his class had to be. He might not hire a Jew, but he wasn't going to kill one. This was different from the new style of anti-Semitism introduced by Hitler, which required mass murder.
  • Thousands were killed early on, and anti-Jewish laws were passed. But thousands are not hundreds of thousands or millions, and in that time and place it was a huge distinction.
  • Horthy conceded no more than he had to, but what he had to do he did. Some say it was opportunism, others mere cowardice of chance. Whatever it was, while it lasted, Hungary was not like Poland or even France. The Jews were not handed over to the Germans.
  • Horthy fell from his tightrope on March 19, 1944. Realizing Germany was losing the war, Horthy made peace overtures to the Soviets. They were coming anyway, so he might as well welcome them.
  • Hitler, of course, discovered this and occupied Hungary
  • Horthy signed off on this. But that signature, as he pointed out, was meaningless. The Germans were there, they could do as they wanted, and his signature was a meaningless act that spared his sons' lives.
  • My parents were grateful to Horthy. For them, without him, the Holocaust would have come to Hungary years earlier. He did not crush the Hungarian Nazis, but he kept them at bay. He did not turn on Hitler, but he kept him at bay.
  • What Horthy did was the dirty work of decency.
  • He made deals with devils to keep the worst things from happening.
  • Hungary is in a very different position today, but its circumstances still bear similarities to Horthy's time.
  • This is the old argument about Horthy, and in fact, in Hungary there is a raging argument about Horthy's role that is really about Orban. Is Orban, like Horthy, doing the least he can to avoid a worse catastrophe, or is he secretly encouraging Jobbik and hastening disaster?
  • This discussion, like all discussions regarding Budapest, is framed by the tenuous position of Hungary in the world.
  • Orban sees the European Union as a massive failure. The great depression in Mediterranean Europe, contrasted with German prosperity, is simply the repeat of an old game.
  • Hungary is in the east, in the borderland between the European Peninsula and Russia. The Ukrainian crisis indicates that the tension in the region is nearing a flashpoint. He must guide Hungary somewhere.
  • There is little support from Hungary's west, other than mostly hollow warnings. He knows that the Germans will not risk their prosperity to help stabilize the Hungarian economy or its strategic position.
  • Nor does he expect the Americans to arrive suddenly and save the day.
  • The Ukrainian crisis can only be understood in terms of the failure of the European Union. Germany is doing well, but it isn't particularly willing to take risks. The rest of northern Europe has experienced significant unemployment, but it is Mediterranean Europe that has been devastated by unemployment. The European financial crisis has morphed into the European social crisis, and that social crisis has political consequences.
  • The middle class, and those who thought they would rise to the middle class, have been most affected.
  • The contrast between the euphoric promises of the European Union and the more meager realities has created movements that are challenging not only membership in the European Union but also the principle of the bloc
  • Compound this with the re-emergence of a Russian threat to the east, and everyone on Ukraine's border begins asking who is coming to help them. The fragmentation of Europe nationally and socially weakens Europe to the point of irrelevance. This is where the failure of the European Union and the hollowing out of NATO become important. Europe has failed economically. If it also fails militarily, then what does it all matter? Europe is back where it started, and so is Hungary.
  • Orban is a rare political leader in Europe. He is quite popular, but he is in a balancing act.
  • To his left are the Europeanists, who see all his actions as a repudiation of liberal democracy. On the right is a fascist party that won 20 percent in the last election. Between these two forces, Hungary could tear itself apart. It is in precisely this situation that Weimar Germany failed.
  • Orban knows what Horthy did as well. Hungary, going up against both Germany and Russia, needs to be very subtle. Hungary is already facing Germany's policy toward liberal integration within the European Union, which fundamentally contradicts Hungary's concept of an independent state economy.
  • Orban's strategy is to create an economy with maximum distance from Europe without breaking with it, and one in which the state exerts its power.
  • This is not what the Germans want to see.
  • I think Orban anticipated this as he saw the European Union flounder earlier in the decade. He saw the fragmentation and the rise of bitterness on all sides. He constructed a regime that appalled the left, which thought that without Orban, it would all return to the way it was before, rather than realizing that it might open the door to the further right. He constructed a regime that would limit the right's sense of exclusion without giving it real power.
  • if the United States enters the fray, it will not happen soon, and it will be even later before its role is decisive.
  • For Horthy, the international pressure finally overwhelmed him, and the German occupation led to a catastrophe that unleashed the right, devastated the Jews and led to a Russian invasion and occupation that lasted half a century. But how many lives did Horthy save by collaborating with Germany? He bought time, if nothing else.
  • Orban isn't Horthy by any means, but their situations are similar. Hungary is a country of enormous cultivation and fury. It is surrounded by disappointments that can become dangers. Europe is not what it promised it would be. Russia is not what Europeans expected it to be. Within and without the country, the best Orban can do is balance, and those who balance survive but are frequently reviled.
  •  
    "I am writing this from Budapest, the city in which I was born. I went to the United States so young that all my memories of Hungary were acquired later in life or through my family, whose memories bridged both world wars and the Cold War, all with their attendant horrors. My own deepest memory of Hungary comes from my parents' living room in the Bronx. My older sister was married in November 1956. There was an uprising against the Soviets at the same time, and many of our family members were still there. After the wedding, we returned home and saw the early newspapers and reports on television. My parents discovered that some of the heaviest fighting between the revolutionaries and Soviets had taken place on the street where my aunts lived. A joyous marriage, followed by another catastrophe -- the contrast between America and Hungary. That night, my father asked no one in particular, "Does it ever end?" The answer is no, not here. Which is why I am back in Budapest."
anonymous

Why Moldova Urgently Matters - 0 views

  • The president ran his finger over a map showing how Romania's neighbors such as Bulgaria and Hungary were almost completely dependent on Russian natural gas, while Romania -- because of its own hydrocarbon reserves -- still has a significant measure of independence. In the 21st century, the president explained, Gazprom is more dangerous than the Russian army.
  • The national security adviser then added: "Putin is not an apparatchik; he is a former intelligence officer," implying that Putin will act subtly. Putin's Russia will not fight conventionally for territory in the former satellite states, but unconventionally for hearts and minds, Fota went on. "Putin knows that the flaw of the Soviet Union was that it did not have soft power."
  • Thus, Moscow's strategy is about taking over countries from within. In this battle, it is precisely during the quiet periods, when an issue like Ukraine drifts off the front pages because of the Middle East, for example, that we should be worried.
  • ...9 more annotations...
  • With this in mind I traveled to Iasi on Romania's northeastern frontier with Moldova. There I met Iasi's county council president, Cristian Mihai Adomnitei
  • "In his heart, he is a Bolshevik. He knows that you can conquer vast territories without big armies."
  • From Iasi I crossed the Prut River into Moldova -- historic Bessarabia, a territory that has been traded back and forth through the centuries between Romania and Russia but that, since the collapse of the Soviet Union in 1991, has been independent.
  • Witness Balti, a city in northern Moldova, heralded by Soviet-era apartment buildings that resemble yellowing teeth. Here I met a local politician, Cecilia Graur, who told me that, "everyone is afraid. The situation in eastern Ukraine could happen here. We all know this because of our own divisions," political, ethnic and linguistic. "People talk about it all the time."
  • Comrat, in southern Moldova, is home to the Christian Orthodox and Russian-speaking Turkic Gagauz -- a potential fifth column that Putin could use to undermine Moldova. Vitaliy Kyurkchu, a local Gagauz politician, told me that with 160,000 Gagauz in Moldova and 40,000 over the border in Ukraine, "we have ongoing kitchen discussions -- discussions mainly among ourselves, I mean -- about the creation of a Greater Gagauzia" should Moldova and Ukraine weaken or ever collapse.
  • This was dangerous irredentism, of course. The Gagauz themselves are uncertain about their origins. Local identity is so complex that Georgetown's Charles King, among the leading experts in the field, calls nationality in Moldova a "decidedly negotiable proposition."
  • Then there is Transdniestria, a sliver of territory east of the Dniester River that is officially part of Moldova but that, with its heavily ethnic Russian population, seceded from Moldova after a brief war in the early 1990s. Transdniestria is now packed with Russian troops to act as a hammer against Moldova should the latter ever want to pivot toward the West. Transdniestria is the kind of legally murky, ill-defined smugglers' paradise that Putin wants to see multiply in eastern Ukraine.
  • For weeks I traveled around Moldova. Indeed, the common theme everywhere was that Russia is a reality while the West is only a geopolitical concept.
  • I am not here providing a fully fleshed-out policy toward Moldova or the other states facing Russia. I am saying only that there are incalculable human costs to Western inaction. And Western action must mean a whole-of-government approach -- political, intelligence, economics and so forth -- in order to counter what the Russians are doing.
  •  
    ""NATO's Article 5 offers little protection against Vladimir Putin's Russia," Iulian Fota, Romania's presidential national security adviser, told me on a recent visit to Bucharest. "Article 5 protects Romania and other Eastern European countries against a military invasion. But it does not protect them against subversion," that is, intelligence activities, the running of criminal networks, the buying-up of banks and other strategic assets, and indirect control of media organs to undermine public opinion. Moreover, Article 5 does not protect Eastern Europe against reliance on Russian energy. As Romanian President Traian Basescu told me, Romania is a somewhat energy-rich island surrounded by a Gazprom empire."
« First ‹ Previous 301 - 304 of 304
Showing 20 items per page