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Javier E

Apocalypse When? Global Warming's Endless Scroll - The New York Times - 0 views

  • the climate crisis is outpacing our emotional capacity to describe it
  • I can’t say precisely when the end began, just that in the past several years, “the end of the world” stopped referring to a future cataclysmic event and started to describe our present situation
  • Across the ironized hellscape of the internet, we began “tweeting through the apocalypse” and blogging the Golden Globes ceremony “during the end times” and streaming “Emily in Paris” “at the end of the world.”
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  • global warming represents the collapse of such complex systems at such an extreme scale that it overrides our emotional capacity
  • it is darkly inverted on the Instagram account @afffirmations, where new-age positive thinking buckles under the weight of generational despair, and serene stock photography collides with mantras like “I am not climate change psychosis” and “Humanity is not doomed.”
  • Often the features of our dystopia are itemized, as if we are briskly touring the concentric circles of hell — rising inequality, declining democracy, unending pandemic, the financial system optimistically described as “late” capitalism — until we have reached the inferno’s toasty center, which is the destruction of the Earth through man-made global warming.
  • This creates its own perverse flavor of climate denial: We acknowledge the science but do not truly accept it, at least not enough to urgently act.
  • This paralysis itself is almost too horrible to contemplate. As global warming cooks the Earth, it melts our brains, fries our nerves and explodes the narratives that we like to tell about humankind — even the apocalyptic ones.
  • This “end of the world” does not resemble the ends of religious prophecies or disaster films, in which the human experiment culminates in dramatic final spectacles
  • Instead we persist in an oxymoronic state, inhabiting an end that has already begun but may never actually end.
Javier E

Trump crosses a crucial line - The Atlantic - 0 views

  • Fascism is not mere oppression. It is a more holistic ideology that elevates the state over the individual (except for a sole leader, around whom there is a cult of personality), glorifies hypernationalism and racism, worships military power, hates liberal democracy, and wallows in nostalgia and historical grievances. It asserts that all public activity should serve the regime, and that all power must be gathered in the fist of the leader and exercised only by his party.
  • According to some reports, he never expected to win in 2016. But even then, in the run-up to the election, Trump’s opponents were already calling him a fascist. I counseled against such usage at the time, because Trump, as a person and as a public figure, is just so obviously ridiculous; fascists, by contrast, are dangerously serious people, and in many circumstances, their leaders have been unnervingly tough and courageous. Trump—whiny, childish, unmanly—hardly fits that bill. (A rare benefit of his disordered character is that his defensiveness and pettiness likely continue to limit the size of his personality cult.)
  • We will drive out the globalists, we will cast out the communists, Marxists, fascists. We will throw off the sick political class that hates our country … On Veterans Day, we pledge to you that we will root out the communists, Marxists, fascists and the radical left thugs that live like vermin within the confines of our country, that lie and steal and cheat on elections and will do anything possible … legally or illegally to destroy America and to destroy the American dream.
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  • Add the language in these speeches to all of the programmatic changes Trump and his allies have threatened to enact once he’s back in office—establishing massive detention camps for undocumented people, using the Justice Department against anyone who dares to run against him, purging government institutions, singling out Christianity as the state’s preferred religion, and many other actions—and it’s hard to describe it all as generic “authoritarianism.” Trump no longer aims to be some garden-variety supremo; he is now promising to be a threat to every American he identifies as an enemy—and that’s a lot of Americans
  • Unfortunately, the overuse of fascist (among other charges) quickly wore out the part of the public’s eardrums that could process such words.
  • ere I want to caution my fellow citizens. Trump, whether from intention or stupidity or fear, has identified himself as a fascist under almost any reasonable definition of the word.
  • He is also constrained by circumstance: The country is not in disarray, or at war, or in an economic collapse
Javier E

The Urgent Case for Shrinking the Economy | The New Republic - 0 views

  • A classic example of this dynamic is the advent of the chain saw. A person with a chain saw can cut 10 times as many trees in the same time as a person using older methods. Logging companies did not use this invention, however, to shorten the workweek by 90 percent. They used it to cut 10 times more trees than they otherwise would have. “Lashed by the growth imperative, technology is used not to do the same amount of stuff in less time, but rather to do more stuff in the same amount of time,”
  • The problem, Hickel argues, is explained by the “paradox” first observed by the nineteenth-century economist William Stanley Jevons: In a growth system, gains in efficiency do not translate to higher wages, greater equality, more leisure, or lower emissions; they are plowed right back into the growth cycle
  • Increasing outputs of wind, solar, and other renewables are not leading to a drop in the use of fossil fuels. Instead, renewables and fossil fuels are used to satisfy rising global energy demand. “New fuels aren’t replacing the older ones,” Hickel writes. “They are being added on top of them.”
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  • The economy that Hickel envisions would cease to pursue growth, green or otherwise. Materials and energy will still be consumed, and waste generated, but at much lower levels. All impacts on the natural world will be tethered to the question, “Growth for whom, and to what ends?” In place of an individualistic consumer economy, Hickel’s post-growth economy would direct itself toward the creation of public goods that allow the many to live well—mass transit, health care—rather than to keep a few in luxury.
  • A growing body of research reveals an inverse relationship between “happiness” and growth beyond a certain point.
  • In the rich countries, general contentment peaked in 1950, when GDP and real per capita incomes were fractions of their present size (and inequality near modern historic lows); degrowthers posit that similar happiness levels will be reclaimed on the way back down the economic mountain
  • Hickel describes a post-growth economy defined by stability and equality, and the freedom and leisure possible when the economy is no longer subservient to the god of growth
  • He estimates that the U.S. economy could be scaled down by as much as 65 percent while still improving the lives of its citizens. This includes the metric most often tied to celebrations of endless growth: life expectancy.
  • degrowth will entail a steep reduction across a much wider range of high-energy consumer goods. Keeping a global economy within safe ecological limits is a zero-sum game.
  • When limited resources are directed toward clean energy infrastructure, public health care, and regenerative agriculture, it will still be possible to build and power modern 24-hour hospitals in every city, but not to have Xbox consoles, two-car garages, and giant appliances in every home.
  • would have to redefine it, too.
  • The post-growth economy could not succeed solely by redistributing wealth; it would have to redefine it, too.
  • He argues that short-term growth would have to continue in those countries that have still not achieved the basic levels of sanitation, infrastructure, and education needed for a decent standard of living, to close the gap. Their larger goal, meanwhile, would be to break free from their historical role as a source of natural resources and cheap labor for the north.
  • For degrowth to be just, global, and effective, the sharpest reduction in consumption will have to come from the north, where the greatest damage to the planet is currently being done
  • Ecological economists generally agree that the safe outer limit is eight tons
  • One person in a low-income country has a materials footprint of roughly two tons per year, a measure of total raw materials consumed, including those embodied in imports. In lower-middle–income countries, that number is four tons; in upper-middle–income countries, 12 tons. In the high-income nations of North America, Europe, and Asia, the number leaps to 28
  • The wealthiest 20 percent of the human population is responsible for 90 percent of “overshoot” carbon in the atmosphere (that is, a level of carbon that exceeds the limit needed to keep global temperature rise below 2 degrees Celsius)
  • The planet’s richest one percent has a carbon footprint twice the size of the poorest half of the world’s population combined
  • For the global north, degrowth not only starts at home, it starts with the biggest houses.
  • Less Is More doesn’t end in a poetic appreciation for nature’s majesty, but by teasing out its implications for the political project of preserving a habitable planet. Hickel devotes much of the book to explaining that degrowth must be central to this project, promising not just survival, but real democracy, social abundance, and liberation.
  • Both involve broad social shifts away from private consumption and toward the production of shared public goods.
  • This beautiful coincidence overlaps with policy programs like the Green New Deal in important way
  • In July 1979, shortly after installing a set of solar panels over the West Wing, Jimmy Carter did something peculiar for a peacetime president. He asked Americans to sacrifice: to consume less, take public transit more, value community over material things, and buy bonds to fund domestic energy development, including solar
  • Next to Schumacher’s “Buddhist economics,” Debsian socialism was reformist tinkering. Schumacher didn’t see liberation as a matter of reshuffling the ownership and management structures of the smokestack-powered growth economy. He believed a deeper transformation was needed to maintain a livable planet. This would require new socioecological blueprints “designed for permanence.” As the left and the right battled for control over growth’s levers and spoils, Schumacher pointed out how both had become blind to the rise of growth as its own self-justifying, pan-ideological religion; its patterns of production and consumption, he observed, required “a degree of violence” that did not “fit into the laws of the universe.”
  • They determined that infinite growth was, in fact, impossible on a finite planet. Barring a major course correction, the team projected, growthism would result in an ecological systems breakdown sometime in the middle of the twenty-first century
  • This warning, detailed in the 1972 bestseller The Limits to Growth, has aged better than the scorn heaped on it
  • We are now witnessing what appears to be the beginnings of the collapse predicted nearly 50 years ago
  • In his new book, Less Is More, Jason Hickel, an anthropologist and journalist, attempts to bring a comprehensive critique of growth closer to the center of the conversation, arguing through a sweeping history of capitalism that it’s uncontrolled growth, not its controlled arrest and reversal, that is the preposterous concept.
  • This economic and political revolution was reinforced by a complementary scientific one that displaced the lingering animist cosmology of pre-capitalist Europe. The dualism of Francis Bacon and Descartes held reason to be distinct from and superior to matter.
  • The idea of limitless growth is a relatively recent one. In Less Is More, Hickel traces its origins to the enclosure of the European commons in the sixteenth century
  • Starving refugees were scattered and forced into a new economy defined by neo-feudal servitude and wage labor. Landowners, meanwhile, began amassing great stores of surplus wealth.
  • By the mid-1800s, a new “science” had arisen from these assumptions. Neoclassical economics fully abstracted the economy from the natural world. The economy was geared not toward the creation of a happy and prosperous society, but toward the perpetual growth of wealth as its own end, achieved in an inherently virtuous cycle of converting labor and resources into capital, to be accumulated and reinvested in faster and more productive conversions of labor and resources
  • This ideology subsumed and profaned notions about progress and morality held by the classical economists, until eventually the field even l
  • This process unfolded despite repeated warnings along the way. Classical economists like John Stuart Mill and, to a lesser extent, Adam Smith not only acknowledged the existence of natural limits to growth, but saw economic development as a phase; at some point, they believed, nations would create enough wealth to pursue other definitions of progres
  • the caveats issued by Simon Kuznets, father of the concept adopted in the twentieth century as growth’s universal and signature metric: gross domestic product. Kuznets, Hickel points out, “warned that we should never use GDP as a normal measure of economic progress,” because GDP does not distinguish between productive and destructive behavior
  • Most people encounter the growth debate, if they encounter it at all, through the idea of “green growth.
  • This is a vision for our collective future based on the belief that technological advance will drastically reduce the amount of raw materials needed to sustain growth—a process known as dematerialization—and “decouple” growing GDP from its ecological impacts.
  • boosters of the idea point to the transition by rich countries from manufacturing to service-based economies, as well as efficiency gains in energy and in the use of materials
  • The belief that green growth will save us, also known as “ecomodernism” or “ecopragmatism,” has become a trendy article of faith among elites who acknowledge climate change and the dangers of breaching ecological boundaries
  • n 2017, Barack Obama threw his support behind the idea in an article for Science magazine, maintaining that signs of decoupling in major economies “should put to rest the argument that combatting climate change requires accepting lower growth or a lower standard of living.”
  • The argument that capitalism can grow itself out of the present crisis may be soothing to those who like the world as it is. It also relies on the kind of accounting tricks and rejection of reality
  • By only counting the emissions created within a country that imports most of its cars, washing machines, and computers, you end up pushing the emissions related to their production off the books. When you factor them back in, the picture is much less green. A number of recent studies show no evidence of meaningful decoupling—in energy or materials—even as the world increases its use of renewable energy and finds ways to use some materials more efficiently.
  • Green growth, Hickel concludes, is an ecologically incoherent “fairy tale.”
  • consider what the ecomodernist position asks us to believe. The current system requires annual growth of roughly 3 percent to avoid the shock of recession. This means doubling the size of the economy every 23 years
  • he economy of 2000 must be 20 times larger in the year 2100, and 370 times larger in the year 2200.
  • Hickel is less interested in the macroeconomic details of this future than are growth critics based in economics departments, like Tim Jackson and Kate Raworth, and more focused on the leisure, security, and general human flourish
  • he makes an alluring case that degrowth does not require anything like the “command-and-control fiasco of the Soviet Union, or some back-to-the-caves, hair-shirted disaster of voluntary impoverishment.”
  • Attaining the benefits of the post-growth economy would, however, require what the present consumer society considers “sacrifices.
  • it’s not clear how many of them are ready to give up its superficial pleasures enabled by consumer debt
  • Among nations, there’s also the question of fairness: Wouldn’t it be unjust to impose degrowth across the world, when it’s disproportionately the countries of the global north that have spent centuries burning through the planet’s resources?
  • This output tracks to the one percent’s share of global wealth—a number equal to the GDP of the bottom 169 countries.
  • Even if you accept the argument that inequality would be best addressed by more centuries of trickle-down growth, you keep running up against the simple fact of its impossibility. Even just one more century of growth—which so far has shown no sign of taking a less destructive form—will require multiple earths
  • Hickel is serious about bringing the system critiques of E.F. Schumacher and others out of their traditional cloisters and into the streets, and has sought allies in this effort
  • emphasize what Hickel calls the “beautiful coincidence” of degrowth: that “what we need to do to survive is the same as what we need to do to have better lives.”
  • Both are internationalist in outlook, and see the world through a lens of climate justice as well as climate equilibrium.
  • that is, communicating the many benefits of moving beyond the insecurity and terrors of the current system, and building a new society that is sustainable, stable, democratic, and fundamentally better in every way.
Javier E

Prosecutors want Brazil's oldest bank to pay reparations for slavery - The Washington Post - 0 views

  • In the mid-1800s, the most prolific slaver in Brazil was a man named José Bernardino de Sá. The transatlantic slave trade was banned in Brazil and abroad, but Bernardino nonetheless financed the trafficking of nearly 20,000 Africans to Brazil — and became one of the country’s wealthiest people.
  • He used that wealth to buy farms, build roads — and, historians say, fund the Banco do Brasil. It’s just one of several links that ties this country’s oldest and most prominent bank to the slave trade. Not only was its initial capital drawn from slavery, historians say; its original vice president and director were also notorious slavers.
  • That history, and what should be done about it, is now at the center of a remarkable legal filing by government attorneys in Rio de Janeiro — an action that’s asking some of the most fundamental questions about Brazil, its history and the long shadow the transatlantic slave trade casts over it.
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  • The attorneys from the Federal Public Ministry say the time has come for Brazilian institutions to account for their role in slavery. They’ve called on Banco do Brasil to commit to some form of reparations.
  • The attorneys on Friday gave Banco do Brasil 15 days to publicly acknowledge its role in slavery and the slave trade and present plans for some form of reparations.
  • The bank does not deny its ties to slavery but has argued that it should not be held responsible for the sins of a society. It says it did not commit any crimes and should not be liable for the actions of those who worked for or funded the bank
  • Brazilians, particularly elites descended from European settlers, have historically preferred to think of their country as free of racism. “A racial democracy,” they boasted, where people could marry independent of skin color and race was defined less rigidly than in the United States.
  • That story, historians say, has largely obscured the primacy of slavery in Brazil’s genesis — and its enduring impact. Brazil imported around 5 million enslaved Africans — far more than any other country — accounting for roughly 40 percent of the entire trade
  • Nearly twice as many enslaved people were brought through a single wharf in Rio de Janeiro than arrived in all of the United States. It was the last country in the Americas, in 1888, to abolish slavery.
  • “Bring together capital that has found itself displaced from illicit trade and converge it into a center where the productive forces of the country could be fed,” Irineu Evangelista de Sousa, who reopened the bank, wrote in his autobiography. “This was the idea that came into my head.”
  • Banco do Brasil, which in 2023 reported $380.3 billion in assets and $5.8 billion in profits, according to Forbes. Chartered in 1808 by Portuguese King Dom João, the bank drew its foundational capital from taxes the crown imposed on sea trade, much of which involved slavery. The wealthy Rio elite — many of whom trafficked in enslaved Africans — were invited by the crown to finance the bank.
  • When the trade was outlawed in 1831, the bank’s ties to slavery didn’t diminish, historians and government attorneys say — they intensified. The bank closed for two decades but reopened in 1853 for the purpose of accumulating ill-gotten wealth, prosecutors and historians allege, most of it from the international slave trade.
  • “Brazil has never had a problem romanticizing its memory of slavery,” said Luciana Brito, a historian at the Federal University of Recôncavo da Bahia. “It likes to remember slavery as a means of producing a beautiful people, of one nation, as though it was a necessary evil.”
  • The openness with which he spoke of the scheme, historians say, betrays the extent to which the crime of slavery was normalized in elite Brazilian society.
  • Under pressure from the United Kingdom, Brazil begrudgingly signed on to an international campaign to abolish the international slave trade in 1831. But it did little to enforce it. More than 700,000 enslaved Africans were trafficked into the country until a more restrictive law was passed in 1850.
  • But that story, and so many others, was virtually unknown to Brazilians, said Thiago Campos, a historian at the Federal Fluminense University. So a group of historians began discussing earlier this year how to start a broader conversation.
  • Fourteen historians wrote a letter this autumn to government attorneys outlining what they knew of Banco do Brasil’s history and asking for a national debate on the matter. The attorneys with the Federal Public Ministry, who represent Brazilians in cases involving individual or social rights, took it even further: They called for reparations.
  • “Unfortunately, Brazil is very behind on this discussion,” he said. “I believe it will be likely that as we progress with this case, others will come forward, and we’ll have more discussion on this topic. It’s an important moment to put this on the national agenda.”
Javier E

The New AI Panic - The Atlantic - 0 views

  • export controls are now inflaming tensions between the United States and China. They have become the primary way for the U.S. to throttle China’s development of artificial intelligence: The department last year limited China’s access to the computer chips needed to power AI and is in discussions now to expand the controls. A semiconductor analyst told The New York Times that the strategy amounts to a kind of economic warfare.
  • If enacted, the limits could generate more friction with China while weakening the foundations of AI innovation in the U.S.
  • The same prediction capabilities that allow ChatGPT to write sentences might, in their next generation, be advanced enough to produce individualized disinformation, create recipes for novel biochemical weapons, or enable other unforeseen abuses that could threaten public safety.
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  • Of particular concern to Commerce are so-called frontier models. The phrase, popularized in the Washington lexicon by some of the very companies that seek to build these models—Microsoft, Google, OpenAI, Anthropic—describes a kind of “advanced” artificial intelligence with flexible and wide-ranging uses that could also develop unexpected and dangerous capabilities. By their determination, frontier models do not exist yet. But an influential white paper published in July and co-authored by a consortium of researchers, including representatives from most of those tech firms, suggests that these models could result from the further development of large language models—the technology underpinning ChatGPT
  • The threats of frontier models are nebulous, tied to speculation about how new skill sets could suddenly “emerge” in AI programs.
  • Among the proposals the authors offer, in their 51-page document, to get ahead of this problem: creating some kind of licensing process that requires companies to gain approval before they can release, or perhaps even develop, frontier AI. “We think that it is important to begin taking practical steps to regulate frontier AI today,” the authors write.
  • Microsoft, Google, OpenAI, and Anthropic subsequently launched the Frontier Model Forum, an industry group for producing research and recommendations on “safe and responsible” frontier-model development.
  • Shortly after the paper’s publication, the White House used some of the language and framing in its voluntary AI commitments, a set of guidelines for leading AI firms that are intended to ensure the safe deployment of the technology without sacrificing its supposed benefit
  • AI models advance rapidly, he reasoned, which necessitates forward thinking. “I don’t know what the next generation of models will be capable of, but I’m really worried about a situation where decisions about what models are put out there in the world are just up to these private companies,” he said.
  • For the four private companies at the center of discussions about frontier models, though, this kind of regulation could prove advantageous.
  • Convincing regulators to control frontier models could restrict the ability of Meta and any other firms to continue publishing and developing their best AI models through open-source communities on the internet; if the technology must be regulated, better for it to happen on terms that favor the bottom line.
  • The obsession with frontier models has now collided with mounting panic about China, fully intertwining ideas for the models’ regulation with national-security concerns. Over the past few months, members of Commerce have met with experts to hash out what controlling frontier models could look like and whether it would be feasible to keep them out of reach of Beijing
  • That the white paper took hold in this way speaks to a precarious dynamic playing out in Washington. The tech industry has been readily asserting its power, and the AI panic has made policy makers uniquely receptive to their messaging,
  • “Parts of the administration are grasping onto whatever they can because they want to do something,” Weinstein told me.
  • The department’s previous chip-export controls “really set the stage for focusing on AI at the cutting edge”; now export controls on frontier models could be seen as a natural continuation. Weinstein, however, called it “a weak strategy”; other AI and tech-policy experts I spoke with sounded their own warnings as well.
  • The decision would represent an escalation against China, further destabilizing a fractured relationship
  • Many Chinese AI researchers I’ve spoken with in the past year have expressed deep frustration and sadness over having their work—on things such as drug discovery and image generation—turned into collateral in the U.S.-China tech competition. Most told me that they see themselves as global citizens contributing to global technology advancement, not as assets of the state. Many still harbor dreams of working at American companies.
  • “If the export controls are broadly defined to include open-source, that would touch on a third-rail issue,” says Matt Sheehan, a Carnegie Endowment for International Peace fellow who studies global technology issues with a focus on China.
  • What’s frequently left out of considerations as well is how much this collaboration happens across borders in ways that strengthen, rather than detract from, American AI leadership. As the two countries that produce the most AI researchers and research in the world, the U.S. and China are each other’s No. 1 collaborator in the technology’s development.
  • Assuming they’re even enforceable, export controls on frontier models could thus “be a pretty direct hit” to the large community of Chinese developers who build on U.S. models and in turn contribute their own research and advancements to U.S. AI development,
  • Within a month of the Commerce Department announcing its blockade on powerful chips last year, the California-based chipmaker Nvidia announced a less powerful chip that fell right below the export controls’ technical specifications, and was able to continue selling to China. Bytedance, Baidu, Tencent, and Alibaba have each since placed orders for about 100,000 of Nvidia’s China chips to be delivered this year, and more for future delivery—deals that are worth roughly $5 billion, according to the Financial Times.
  • In some cases, fixating on AI models would serve as a distraction from addressing the root challenge: The bottleneck for producing novel biochemical weapons, for example, is not finding a recipe, says Weinstein, but rather obtaining the materials and equipment to actually synthesize the armaments. Restricting access to AI models would do little to solve that problem.
  • there could be another benefit to the four companies pushing for frontier-model regulation. Evoking the specter of future threats shifts the regulatory attention away from present-day harms of their existing models, such as privacy violations, copyright infringements, and job automation
  • “People overestimate how much this is in the interest of these companies,”
  • AI safety as a domain even a few years ago was much more heterogeneous,” West told me. Now? “We’re not talking about the effects on workers and the labor impacts of these systems. We’re not talking about the environmental concerns.” It’s no wonder: When resources, expertise, and power have concentrated so heavily in a few companies, and policy makers are seeped in their own cocktail of fears, the landscape of policy ideas collapses under pressure, eroding the base of a healthy democracy.
Javier E

The Arab Oil Embargo and Bad Energy Policy's 50th Birthday - WSJ - 0 views

  • The “second wave” of electric-vehicle buyers isn’t materializing, the Journal reported this week
  • To lure the first wave took thousands of dollars in taxpayer handouts to each buyer and thousands more in subsidies to encourage companies to build the EVs in the first place. And these buyers were the enthusiasts. How much more will have to be piled on the table to lure those customers who aren’t bewitched by EV cultural and technological appeal and care about having a useful car at an affordable price?
  • But this was always understood. In the fantasy life of greens, the next step would be to ban the sale of new gasoline cars altogether. Except Americans vote: Politicians who don’t get the votes of Americans don’t get to make policy, including the policy of denying them the choice to buy gasoline-powered vehicle
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  • At some point, too, the public might look up and notice that subsidizing EVs is having no effect on climate or CO2.
  • the 50th anniversary of the 1973 Arab oil embargo in the latest edition of New Atlantis: “The worst effect was on U.S. energy policy. Whereas the embargo lasted about five months, the toll on U.S. policy has lasted five decades and counting.”
  • the 50-year-old fuel-economy regime devolved into a convoluted set of political trade-offs serving—as the Biden administration recently admitted—no legitimate cost-benefit goal. Boondoggles from synfuels to corn ethanol were launched in the 1970s to honor the false god of energy independence, though thanks to the still-functioning genius of the free-market system the U.S. nevertheless blundered into true energy security with the help of fracking.
  • The words “energy transition” are redundant. The energy economy is always transitioning. The transitions are additive. Wind, hydro and biomass all existed before fossil fuels arrived
  • Energy’s uses are unlimited. This is why, unless the world improbably adopts a carbon tax, the effect of green-energy subsidies (aside from enriching their backers) is largely to stimulate increased energy consumption rather than reduce CO2. This effect is already apparent in the numbers.
  • another ’70s legacy: our least-useful professors invoking big-oil stereotypes in pursuit of political goals.
  • Witness a New York Times op-ed this week combining adventurous antitrust reasoning with tired anti-Exxon tropes, claiming a proposed oil merger represents a “direct threat to democracy” by somehow blocking a solution to climate change that voters apparently crave even though it doesn’t exist.
  • Exxon controls less than 3% of the world’s oil and gas, most of which are in the hands of governments. The U.S. is responsible for less than 15% of global CO2 emissions.
  • What older Americans remember as the oil crisis was a product of domestic price controls, imposed by people in the Nixon administration who knew better.
  • Along the way, the country did manage to remove lead from gasoline and mandate catalytic converters, which improved air quality, showing that rational, economical policy outcomes are still possible amid the vast politicized waste that “energy policy” has otherwise become in the last 50 years.
Javier E

Two Wall Street titans on why the world is at its most precarious since 1938 - 0 views

  • Israel’s war with Hamas and Russia’s full-scale invasion of Ukraine have made the world a more “scary and unpredictable” place than at any other time since the Second World War, Dimon contended. “Here in the US, we continue to have a strong economy,” he said. “We still have a lot of fiscal and monetary stimulus in the system. But these geopolitical matters are very serious — arguably the most serious since 1938.
  • What’s happening ... right now is the most important thing for the future of the world — freedom, democracy, food, energy, immigration. We diminish that importance when you say, ‘What’s it going to do to the market?’ Markets will be fine. Markets can deal with stuff. Markets go up and down. Markets fluctuate.”
  • That said, the conflict in the Middle East — in which at least 1,400 Israelis have been murdered and 9,000 Palestinians killed in Israeli attacks on Gaza since October 7 — has rattled a financial system already gulping at the prospect of inflation proving sticky and interest rates staying higher for longer. The region accounts for 48 per cent of global energy reserves and produced 33 per cent of the world’s oil last year. Previous crises, such as Saddam Hussein’s invasion of Kuwait in 1990 and the Arab oil embargo of 1973-74, resulted in big price shocks — although so far, at about $86 a barrel, oil has roughly returned to its pre-October 7 level, while gas prices have risen only slightly.
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  • So fear creates recessions in the long run — and if we continue to have rising fear, the probability of a European recession grows and the probability of a US recession grows. Geopolitics is playing a bigger role in everyone’s equations.”
  • Geopolitical risk is a major component in shaping all our lives. We are having rising fear throughout the world, and less hope. Rising fear creates a withdrawal from consumption or spending more.
  • “When the Russian invasion occurred in Ukraine, we said that the peace dividend is over,” Larry Fink, chief executive of investment giant BlackRock, told The Sunday Times. “Now, with the instability in the Middle East, we’re going to almost a whole new future.
  • Dimon noted that inflation had “levelled off a little bit” overall, but said: “It’s not clear to me that long-term forces are not inflationary … And that’s why I’m saying rates could possibly go up from here. That’s life in the fast lane.”
  • Higher borrowing costs have started to hit debt-fuelled sectors that boomed in the zero-rates era — such as commercial property, where $80 billion (£65 billion) of assets across the US are in some form of financial distress, according to MSCI, and private equity.
  • [the legendary investor] Warren Buffett says you see who’s swimming naked when the tide goes out. Not everyone is really ready for 6 or 7 per cent rates, but I wouldn’t rule them out.”
  • Fink pointed out that the transmission of rate rises into the US economy was less direct than in the UK
  • “I’m a fundamental believer that we’re going to have higher inflation for longer, and it’s going to require the [Fed] to raise rates higher — probably one or two more tightenings — and that will ultimately be the way we get into recession.”
  • Many senior figures on Wall Street worry about the US government’s ability to finance itself in the medium term. As in the UK, the market for government debt was underpinned by huge waves of quantitative easing (QE) after the financial crisis, as the Federal Reserve, in effect, bought assets including Treasuries to boost the economy. Following a revival of the programme during Covid, it came to an end in March last year.
  • The withdrawal of QE, combined with lacklustre appetite for Treasuries among US banks and international investors such as China, could force the government to pay higher prices at a time of near-record borrowing.
  • “It might be a 20km headwind right now, but next year it’s going to be 25km and it’s going to grow,” a top investor said of the decreasing international demand for US government debt.
  • US stock market floats and fundraisings, the heartbeat of capital markets, slumped to their lowest level since 1998 last year as the spike in interest rates punctured valuations of growth stocks in sectors such as tech and healthcare.
  • The cautious mood on Wall Street comes against a backdrop of surprisingly strong US growth. The economy expanded by an astonishing 4.9 per cent in the third quart
  • the Biden administration is shovelling stimulus into the system via big pieces of legislation promising to accelerate America’s adoption of renewables, rebuild its advanced semiconductor industry and increase its spending on roads, bridges and broadband.
  • We have huge stimulus,” said Fink. “People are not factoring in the Inflation Reduction Act, the Chips Act and the Infrastructure Act, which are about $970 billion of stimulus. Those are the largest stimuluses ever when there’s not a pandemic or a financial crisis ... And it’s at a time when you can have unions win a 25 per cent labour increase … These are very inflationary, whether it’s the fiscal stimulus or these wage increases.”
  • It all comes back to that word. Unexpectedly high growth, massive government stimulus and now two wars that threaten to spill out into broader crises — it all spells inflation. The flurry of hope in markets that Fed and the Bank of England have reached the top of their rate-raising cycles may yet prove premature
Javier E

What Can Prewar Germany Teach Us About Social-Media Regulation? - The Atlantic - 0 views

  • Airplanes played a vital role in Nazi election strategy in the last years of the democratic Weimar Republic. When Hitler campaigned to be president in 1932, he flew to multiple locations a day to give speeches to roaring crowds. Arriving by plane, Hitler strode on the tarmac like the epitome of a strong leader. Although he lost that campaign, he still capitalized on German admiration for aviation to make the Nazis appear exciting and modern.
  • Weimar bureaucrats began exerting ever greater state supervision over radio content to try to depoliticize it. As the Weimar Republic became more and more politically unstable, Bredow and others pushed through reforms in 1926 and 1932 that mandated direct state supervision of radio content. Bredow believed that increased state direction would prevent Weimar democracy from failing.
  • Ironically, this effort played right into the Nazis’ hands, and meant that the Nazis could seize immediate control over radio content when they came to power. Bredow was imprisoned for trying to stand up for democratic values.
Javier E

AI could end independent UK news, Mail owner warns - 0 views

  • Artificial intelligence could destroy independent news organisations in Britain and potentially is an “existential threat to democracy”, the executive chairman of DMGT has warned.
  • “They have basically taken all our data, without permission and without even a consideration of the consequences. They are using it to train their models and to start producing content. They’re commercialising it,
  • AI had the potential to destroy independent news organisations “by ripping off all our content and then repurposing it to people … without any responsibility for the efficacy of that content”
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  • there are huge consequences to this technology. And it’s not just the danger of ripping our industry apart, but also ripping other industries apart, all the creative industries. How many jobs are going to be lost? What’s the damage to the economy going to be if these rapacious organisations can continue to operate without any legal ramifications?
  • The danger is that these huge platforms end up in an arms race with each other. They’re like elephants fighting and then everybody else is like mice that get stamped on without them even realising the consequences of their actions.”
  • The risk was that the internet had become an echo chamber of stories produced by special interest groups and rogue states, he said.
  • Rothermere revealed that DMGT had experimented with using AI to help journalists to publish stories faster, but that it then took longer “to check the accuracy of what it comes up” than it would have done to write the article.
Javier E

Pro-China YouTube Network Used A.I. to Malign U.S., Report Finds - The New York Times - 0 views

  • The 10-minute post was one of more than 4,500 videos in an unusually large network of YouTube channels spreading pro-China and anti-U.S. narratives, according to a report this week from the Australian Strategic Policy Institute
  • ome of the videos used artificially generated avatars or voice-overs, making the campaign the first influence operation known to the institute to pair A.I. voices with video essays.
  • The campaign’s goal, according to the report, was clear: to influence global opinion in favor of China and against the United States.
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  • The videos promoted narratives that Chinese technology was superior to America’s, that the United States was doomed to economic collapse, and that China and Russia were responsible geopolitical players. Some of the clips fawned over Chinese companies like Huawei and denigrated American companies like Apple.
  • Content from at least 30 channels in the network drew nearly 120 million views and 730,000 subscribers since last year, along with occasional ads from Western companies
  • Disinformation — such as the false claim that some Southeast Asian nations had adopted the Chinese yuan as their own currency — was common. The videos were often able to quickly react to current events
  • he coordinated campaign might be “one of the most successful influence operations related to China ever witnessed on social media.”
  • Historically, its influence operations have focused on defending the Communist Party government and its policies on issues like the persecution of Uyghurs or the fate of Taiwan
  • Efforts to push pro-China messaging have proliferated in recent years, but have featured largely low-quality content that attracted limited engagement or failed to sustain meaningful audiences
  • “This campaign actually leverages artificial intelligence, which gives it the ability to create persuasive threat content at scale at a very limited cost compared to previous campaigns we’ve seen,”
  • YouTube said in a statement that its teams work around the clock to protect its community, adding that “we have invested heavily in robust systems to proactively detect coordinated influence operations.” The company said it welcomed research efforts and that it had shut down several of the channels mentioned in the report for violating the platform’s policies.
  • China began targeting the United States more directly amid the mass pro-democracy protests in Hong Kong in 2019 and continuing with the Covid-19 pandemic, echoing longstanding Russian efforts to discredit American leadership and influence at home and aboard.
  • Over the summer, researchers at Microsoft and other companies unearthed evidence of inauthentic accounts that China employed to falsely accuse the United States of using energy weapons to ignite the deadly wildfires in Hawaii in August.
  • Meta announced last month that it removed 4,789 Facebook accounts from China that were impersonating Americans to debate political issues, warning that the campaign appeared to be laying the groundwork for interference in the 2024 presidential elections.
  • It was the fifth network with ties to China that Meta had detected this year, the most of any other country.
  • The advent of artificial technology seems to have drawn special interest from Beijing. Ms. Keast of the Australian institute said that disinformation peddlers were increasingly using easily accessible video editing and A.I. programs to create large volumes of convincing content.
  • She said that the network of pro-China YouTube channels most likely fed English-language scripts into readily available online text-to-video software or other programs that require no technical expertise and can produce clips within minutes. Such programs often allow users to select A.I.-generated voice narration and customize the gender, accent and tone of voice.
  • In 39 of the videos, Ms. Keast found at least 10 artificially generated avatars advertised by a British A.I. company
  • she also discovered what may be the first example in an influence operation of a digital avatar created by a Chinese company — a woman in a red dress named Yanni.
  • The scale of the pro-China network is probably even larger, according to the report. Similar channels appeared to target Indonesian and French people. Three separate channels posted videos about chip production that used similar thumbnail images and the same title translated into English, French and Spanish.
Javier E

As World's Gaze Shifts to Gaza, Israel's Psyche Remains Defined by Oct. 7 Attack - The ... - 0 views

  • When Israel was founded in 1948, the defining goal was to provide a sanctuary for Jews, after 2,000 years of statelessness and persecution. On Oct. 7, that same state proved unable to prevent the worst day of violence against Jews since the Holocaust.
  • “At that moment, our Israeli identity felt so crushed. It felt like 75 years of sovereignty, of Israeliness, had — in a snap — disappeared,” said Dorit Rabinyan, an Israeli novelist.“We used to be Israelis,” she added. “Now we are Jewish.”
  • For now, the assault has also unified Israeli society to a degree that felt inconceivable on Oct. 6, when Israelis were deeply divided by Mr. Netanyahu’s efforts to reduce the power of the courts; by a dispute about the role of religion in public life; and by Mr. Netanyahu’s own political future.
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  • Nearly 30 percent of the ultra-Orthodox public now supports the idea of military service, twenty points higher than before the war,
  • “Something fundamental has changed here, and we don’t know what it is yet,” said Yossi Klein Halevi, an author and fellow at the Shalom Hartman Institute, a research group in Jerusalem. “What we do know is that this is kind of a last chance for this country.”
  • Roughly a third of voters for Mr. Netanyahu’s right-wing party, Likud, have abandoned the party since Oct. 7, according to every national poll since the attack.
  • Perhaps surprisingly, 70 percent of Arab Israelis now say they feel part of the state of Israel, according to a November poll by the Israel Democracy Institute, a Jerusalem-based research group. That is 22 points higher than in June and the highest proportion since the group began polling on the question two decades ago.
  • But for others, the scale of the Oct. 7 atrocities has left them struggling to even empathize with Gazans, let alone retain hope in a peaceful solution to the conflict.In 2018, Mr. Klein Halevi, the author, wrote a book addressed to an imagined Palestinian, “Letters to My Palestinian Neighbor,” in which he attempted to set out a vision for a shared future between Arabs and Jews in the Middle East.Since Oct. 7, Mr. Halevi said, he has found it hard to even consider what such a future looks like. An observant Jew, he still prays for Palestinians, but more from duty than empathy, he said.“I spent years explaining the Israeli narrative and absorbing the Palestinian narrative — and I tried to find a space where both could live together,” Mr. Klein Halevi said.“I don’t have that language right now,” he said. “It’s emotionally unavailable to me.”
Javier E

We Are All Realists Now - The Atlantic - 0 views

  • in the past decade or so, human rights have pretty much disappeared from our politics. Throughout the 9/11 wars, the grotesque contradiction between the rhetoric of freedom and the reality of tortured prisoners, civilian casualties, and grinding conflict corrupted the cause beyond remedy
  • After Iraq and Afghanistan, no president can send young men and women to war by invoking human rights. When Barack Obama refrained from punishing Bashar al-Assad of Syria for murdering thousands of innocent people with poison gas, there was no outcry from the general public.
  • With the eclipse of U.S. prestige and power, the decay of liberal democracy, and the rising appeal of authoritarian regimes, there’s no longer any mechanism—neither military force nor threat of sanctions and isolation, nor global pressure campaigns by civil-society groups—to make the world’s dictators hesitate before they throw people into concentration camps.
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  • Privately, Obama told his aide Ben Rhodes that not even the 1994 Rwandan genocide merited a strong U.S. response. Without announcing a new era of foreign-policy “realism,” Obama brought it into being.
  • When Chamath Palihapitiya said that Americans should “take care of our own backyard” before pointing fingers at other countries, he was voicing a widespread belief.
  • When they come up as a policy issue, we look for ways to justify doing nothing. We are all realists now.
  • the mind stops seeking and absorbing news of them, and so, in a sense, they cease to exist. Their nonexistence stems from and reinforces the profound self-absorption into which Americans have sunk in the past decade.
  • the demise of these mechanisms has soured Americans on the idea of human rights itself. Because we no longer think we can change the behavior of the world’s oppressors—because the cost of trying will be too high—we no longer think much about human rights at all.
  • The idea that solidarity with the oppressed here should naturally extend to the oppressed everywhere—an internationalist idea that long ago defined the left—has died,
  • along with the global system in which the U.S. played an intermittent, usually two-faced, often incompetent, occasionally effective role as the self-proclaimed upholder of human rights as a universal value.
  • But instincts have a way of outlasting ideas. Within most Americans lies a buried feeling that they should care about the torment of the Uyghurs.
  • This is Kanter’s style of activism—it’s personal. He gets in a dictator’s face, nose to nose, chest to chest, as if Xi Jinping is a bully throwing cheap shots and committing flagrant fouls and everyone else is afraid to call him out. “Someone had to do it,” Kanter told me.
  • some players asked him to unfollow them on social media, and not one has spoken out on his behalf. “Maybe they don’t know enough about it,” he told me. “But I feel like the fear of losing money, the fear of losing business, the fear of losing endorsement deals …” He didn’t complete the obvious thought. “And also, sometimes they do not care enough about what’s going on outside America.”
  • indifference, and not the pervasive influence of Chinese contracts and sneaker endorsements, is the most interesting thing about the league’s unfriendly response to Freedom’s campaign for global human rights. Of course young players want to win lucrative deals while they can, but most people in the league don’t even experience a conflict between money and principle. The latter has disappeared. It’s as if Freedom is putting all that money in jeopardy for a self-indulgent whim—as if he’s taken a tactless interest in matters that don’t concern him.
Javier E

Ukraine's Sovereignty Is A Vital U.S. Interest - 0 views

  • Russia’s escalation of its eight-year war against Ukraine presents a choice about what role America would like to play in the world.
  • should the United States conduct itself as a great power, and, if so, should it be a European power or restrict itself to preserving the order in Asia.
  • Before the end of World War II, American statesmen began to think about what world order should look like after the war. They designed a global order to mirror four tenets of the American regime at home: commerce, law, liberalism, and guns.
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  • This order has preserved the longest peace in human history.
  • Notwithstanding the outbreak of conflicts between smaller states, Asia has enjoyed a considerable degree of peace since World War II. The wars of the Greater Middle East pale in comparison with the region’s violent history, only tamed by European imperialism.
  • And Europe, a continent plagued by continental wars, has been at peace for a quarter century.
  • This has resulted in unprecedented prosperity, growth in life expectancy, and decline of violence
  • Most importantly, due to the simple fact that America is the judge, the jury, and the executioner of this order, it has disproportionately benefited Americans
  • Most Americans though don’t remember the pre-American world. They tend to take the world they live in for granted, not realizing the enormous investment their leaders make in preserving it.
  • If one studies history, it is obvious that in comparison the American world is a beautiful garden. If unattended, however, the unforgiving law of the jungle will rule.
  • The core of the American order is a legacy of the Westphalian peace, that the sovereignty of other states must be respected
  • Detractors argue that America has also broken this rule. True enough. But as much as it is unpopular to say that America is not the world’s policeman, our country has acted as the world’s law enforcement officer. And while citizens do not have a right to be violent with each other, the police have the right to use force against lawbreakers.
  • A second flaw of this false comparison could be explained by the late Bill Buckley, “to say that we and [Russia] are to be compared is the equivalent of saying that the man who pushes the old lady into the way of an oncoming bus and the man who pushes the old lady out of the way of an oncoming bus are both people who push old ladies around.”
  • All American wars have been against autocracies. Especially in the recent era, at every point, America has tried to leave behind a democracy.
  • And unlike the Russian military, the U.S. military has never permanently stayed in a country against the will of a democratic host.
Javier E

'Be thankful you don't have our poison': US pollster Frank Luntz's warning to UK | US p... - 0 views

  • The 59-year-old, well known from countless media appearances and for running focus groups that provide an insight into America’s political psyche, has also now chosen a less partisan path.
  • Having once worked for rightwing Republicans such as Pat Buchanan, Newt Gingrich and Rudy Giuliani, he no longer hesitates to condemn Donald Trump’s pernicious influence or fears the conservative media backlash.
  • “If I didn’t die, I’m not afraid any more, so you will hear me criticise people I never would have criticised two years ago. What are they going to do to me? It can’t be any worse than what I’ve been through and, when you become more fearless, it makes life easier to navigate.”
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  • Last year he went to the UK for a month and ended up staying nearly eight, finding an antidote to American’s poison.
  • “I still haven’t fully recovered from my stroke, and what goes on in this country, I couldn’t talk about it. I got in the middle of it. Tucker Carlson [a host on Fox News] was killing me every fucking night.”
  • also invited UK journalists to disseminate a warning: don’t let British politics become as polarised and debased as the American system.
  • “You still like each other, you still respect each other, you still value public debate: your democracy is still functioning,”
  • “Ours has seized up and I don’t know how to get ours flowing again. Be thankful that you don’t have our poison … I’m very afraid of the American system being hopelessly damaged.”
  • You all have proven that there’s still a desire for substance in politics, not just slogans and soundbites, and thank God you haven’t completely embraced American politics because your elections are of substance rather than style.
  • “I know that you guys are critical of the UK in recent times for being too American in your elections. You’re not. We are becoming more and more superficial. You are still substantial.”
  • Later he plays a video clip of one of his US focus groups descending into angry shouting and recriminations, a glimpse of a society that seems to be falling apart. He comments: “The worst of the worst. This is my warning to you. This is shit. This is a disaster and it will come to you if you let it happen.”
  • “Boris Johnson has written more books than Donald Trump has read. Boris is the real Trump. He understands the hopes and dreams of the public. He gets the historic context. He can wax poetically about 2,000 years ago, 200 years ago and two years ago. Trump could not do that.
  • “Biden does not understand the hopes and dreams of the average American,” says the messaging expert, who remains on the centre-right. “He does not empathise with them. His team is ideological rather than emotional and so he’s missing all this. It’s how people feel even more than how they think; feeling is a deeper emotion and Biden is not connecting to them at all.
  • Luntz argues that he overpromised. “He created unrealistic expectations. He’s a very arrogant human being and very flawed and the combination of flaws and arrogance is a really unhealthy cocktail.”
  • Wasn’t Biden supposed to be Mr Empathy? “There’s nothing about him that screams empathy. There’s everything about him that screams someone who’s already made up their mind.”
  • He identifies six issues that will determine voters’ choices: crime, immigration, shortages, prices, education and the January 6 insurrection. “Democrats have a huge problem on five out of the six.”
  • Today, after the catharsis of his stroke, Luntz finds plenty of blame to go around. He casts a harsh light on the media, social media and his own younger self. In an infamous 2003 memo, for example, he advised George W Bush’s Republican party to abandon the phrase “global warming” in favour of “climate change” because it is “less frightening”
  • The Great Rethink. It is a study of America voters’ attitudes and disillusionment with their leaders. “The only thing we agree on is that politicians suck,” Luntz says. “If you’re American, this is a very depressing time right now.”
  • nother offers some words to use (I am your voice, accountability, fact-based) and words to lose (agenda, I’m listening, transparency).
  • Luntz argues that even in a polarised society such as America, every parent asks the same question: will my child/grandchild be happy
  • Perhaps rather optimistically, he urges politicians to focus on children as “the great unifier”
  • “If you want to bring people together, you do it over their children. You guys are divided on just about everything; this crushes that divide. This brings people together and it’s not been done before.
woodlu

Both main candidates for the South Korean presidency are reviled | The Economist - 0 views

  • LL OF SOUTH KOREA’S past presidents have been tainted by corruption investigations.
  • Politicians usually manage to get elected before becoming mired in scandals.
  • Both Lee Jae-myung of the ruling Minjoo Party and Yoon Seok-youl of the conservative opposition People Power Party (PPP) have been accused of serious wrongdoing since the campaign began. The pair deny any misdeeds. Yet each camp has tried to find advantage in the other’s adversity. With just six weeks to go, the campaign has been heavy on mudslinging and light on serious debate.
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  • Mr Lee’s biggest potential headache is an investigation into allegedly corrupt land deals in Seongnam, a middle-class suburb of Seoul, while he was its mayor. He denies any involvement and has survived a parliamentary audit into the matter.
  • Two officials who were indicted on corruption charges in the case committed suicide in December. That reduces the chances that the full tale will ever come to light.
  • The opposition portrays him as a gangster, playing up alleged links to organised crime and berating him for defending men who had killed their partners when he was a lawyer.
  • prosecutors are investigating claims that, as chief prosecutor, Mr Yoon abetted an underling who allegedly helped the PPP file criminal complaints against Minjoo party lawmakers in the run-up to elections in 2020 (he denies the allegations).
  • Mr Yoon’s numerous gaffes include claims that “poor or uneducated” people do not feel the need for freedom and that those fighting against South Korea’s military dictatorship in the 1980s did not really care about democracy.
  • Mr Yoon’s family is an additional liability. His mother-in-law has received a three-year prison sentence for medical fraud. His wife, Kim Keon-hee, has admitted that she forged most of her CV when applying for jobs as an art curator.
  • This is particularly awkward given that Mr Yoon oversaw the investigation that led to the jailing of the wife of Cho Kuk, Mr Moon’s disgraced justice minister, for forging documents to help her daughter’s university application.
Javier E

Vladimir Putin sits atop a crumbling pyramid of power | Vladimir Sorokin | The Guardian - 0 views

  • In Russia, power is a pyramid. This pyramid was built by Ivan the Terrible in the 16th century – an ambitious, brutal tsar overrun by paranoia and a great many other vices. With the help of his personal army – the oprichnina – he cruelly and bloodily divided the Russian state into power and people, friend and foe, and the gap between them became the deepest of moats
  • His friendship with the Golden Horde convinced him that the only way to rule the hugeness of Russia was by becoming an occupier of this enormous zone. The occupying power had to be strong, cruel, unpredictable, and incomprehensible to the people. The people should have no choice but to obey and worship i
  • And a single person sits at the peak of this dark pyramid, a single person possessing absolute power and a right to all.
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  • The corpse of this monster, which had annihilated tens of millions of its own citizens and thrown its country back 70 years into the past, was propped up in a corner: it’ll rot on its own, they thought. But it turned out not to be dead.
  • Our medieval pyramid has stood tall for all that time, its surface changing, but never its fundamental form. And it’s always been a single Russian ruler sitting at its peak: Pyotr I, Nicholas II, Stalin, Brezhnev, Andropov… Today, Putin has been sitting at its peak for more than 20 years.
  • The Pyramid of Power poisons the ruler with absolute authority. It shoots archaic, medieval vibrations into the ruler and his retinue, seeming to say: “you are the masters of a country whose integrity can only be maintained by violence and cruelty; be as opaque as I am, as cruel and unpredictable, everything is allowed to you, you must call forth shock and awe in your population, the people must not understand you, but they must fear you.”
  • Judging by recent events, the idea of restoring the Russian Empire has entirely taken possession of Putin.
  • Yeltsin and the other creators of Perestroika surrounding him not only didn’t destroy the vicious Pyramid of Power, they didn’t bury their Soviet past either – unlike the post-war Germans who buried the corpse of their nazism in the 1950s
  • Putin didn’t manage to outgrow the KGB officer inside of him, the officer who’d been taught that the USSR was the greatest hope for the progress of mankind and that the west was an enemy capable only of corruption. Launching his time machine into the past, it was as if he were returning to his Soviet youth, during which he’d been so comfortable. He gradually forced all of his subjects to return there as well.
  • After the war with Georgia and the seizure of its territories, the “peacemaker” Obama offered Putin … a reset of their relations! Which is to say, c’mon, Vladimir, let’s forget all of that and start from scratch. The result of that “reset” was the annexation of Crimea and the war in Eastern Ukraine.
  • The ideology of Putinism is quite eclectic; in it, respect for the Soviet lies side by side with feudal ethics, Lenin sharing a bed with Tsarist Russian and Russian Orthodox Christianity.
  • Putin’s favorite philosopher is Ivan Ilyin – a monarchist, Russian nationalist, anti-Semite, and ideologist of the White movement, who was expelled by Lenin from Soviet Russia in 1922 and ended his life in exile
  • In his articles, Ilyin hoped that, after the fall of Bolshevism, Russia would have its own great führer, who would bring the country up from its knees. Indeed, “Russia rising from its knees” is the preferred slogan of Putin and of his Putinists.
  • “Under Putin, Russia has gotten up from its knees!” his supporters often chant. Someone once joked: the country got up from its knees, but quickly got down onto all fours: corruption, authoritarianism, bureaucratic arbitrariness, and poverty. Now we might add another: war.
  • A lot has happened in the last 20 years. The president of the Russian Federation’s face has turned into an impenetrable mask, radiating cruelty, anger, and discontent
  • Merkel admitted that, in her opinion, Putin lives in his own fantasy land. If that’s so, what’s the point of seriously engaging with such a ruler?
  • For 16 years, Merkel, who grew up in the GDR and should therefore understand Putin’s true nature, “has established a dialogue”. The results of that dialogue: the seizure of certain territories in Georgia, the annexation of Crimea, the capture of the DPR and LPR, and now: a full-scale war with Ukraine.
  • Paradoxically, the principle of Russian power hasn’t even remotely changed in the last five centuries.
  • It was also cultivated by the approval of irresponsible western politicians, cynical businessmen, and corrupt journalists and political scientists.
  • I met many admirers of Putin in Germany, from taxi drivers to businessmen and professors. One aged participant in the student revolution of ’68 confessed:
  • “I really like your Putin!”“And why exactly is that?”“He’s strong. Tells the truth. And he’s against America. Not like the slugs we’ve got here.”“And it doesn’t bother you that, in Russia, there’s monstrous corruption, there are practically no elections or independent courts, the opposition is being destroyed, the provinces are impoverished, Nemtsov was murdered, and TV’s become propaganda?”
  • “No. Those are your internal affairs. If Russians accept all of that and don’t protest, that must mean they like Putin.”Ironclad logic. The experience of Germany in the ’30s didn’t seem to have taught such Europeans anything.
  • Now, one thing has become clear: with this war, Putin has crossed a line – a red line. The mask is off, the armor of the “enlightened autocrat” has cracked. Now, all westerners who sympathize with the “strong Russian tsar” have to shut up and realize that a full-scale war is being unleashed in 21st-century Europe.
  • The aggressor is Putin’s Russia. It will bring nothing but death and destruction to Europe. This war was unleashed by a man corrupted by absolute power, who, in his madness, has decided to redraw the map of our world.
  • If you listen to Putin’s speech announcing a “special operation”, America and Nato are mentioned more than Ukraine. Let us also recall his recent “ultimatum” to Nato. As such, his goal isn’t Ukraine, but western civilization, the hatred for which he lapped up in the black milk he drank from the KGB’s teat.
  • Who’s to blame? Us. Russians. And we’ll now have to bear this guilt until Putin’s regime collapses
  • People have finally understood this today. He attacked a free and democratic country precisely because it is a free and democratic country. But he’s the one who’s doomed because the world of freedom and democracy is far bigger than his dark and gloomy lair.
Javier E

How Russian Sanctions Work - The Atlantic - 0 views

  • Central-bank sanctions are a weapon so devastating, in fact, that the only question is whether they might do more damage than Western governments might wish. They could potentially bankrupt the entire Russian banking system and push the ruble into worthlessness.
  • Very seldom does any actual paper money change hands
  • There’s only about $12 billion of cash dollars and euros inside Russia, according to Bernstam’s research. Against that, the Russian private sector has foreign-currency claims on Russian banks equal to $65 billion, Bernstam told me. Russia’s state-owned companies have accumulated even larger claims on Russia’s foreign reserves.
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  • Russians don’t run on their banks, because they believe that in a real crunch, the Russian central bank would provide the needed cash. After all, the Russian central bank holds enormous quantities of reserves: $630 billion at the last tally
  • To finance its war on Ukraine, Russia might have hoped to draw down its foreign-currency reserves with Western central banks.
  • Not so fast, argues Bernstam. What does it mean that Russia “has” X or Y in foreign reserves? Where do these reserves exist? The dollars, euros, and pounds owned by the Russian central bank—Russia may own them, but Russia does not control them. Almost all those hundreds of billions of Russian-owned assets are controlled by foreign central banks.
  • We, the people of the Western world collectively owe the Russian state hundreds of billions of dollars. That’s not our problem. That’s Russia’s problem, an enormous one. Because one thing any debtor can do is … not pay when asked.
  • With $630 billion in reserves, there is no way Russia would ever run out of foreign currency. You’ve probably read that assertion many times in the past few days
  • All of this requires the cooperation of the Fed or ECB in the first place. The Fed or ECB could say: “Nope. Sorry. The Russian central bank’s money is frozen. No transfers of dollars or euros from the Russian central bank to commercial banks. No transfers from commercial banks to businesses or individuals. For all practical purposes, you’re broke.”
  • if Russia’s foreign income slows at the same time as it is waging a hugely costly war against Ukraine, it will need its reserves badly. And suddenly, it will be as if the money disappeared. Every Russian person, individual, or state entity with any kind of obligation denominated in foreign currency would be shoved toward default.
  • Of course, long before any of that happened, everybody involved in the transactions would have panicked.
  • The ruble would cease to be a convertible currency. It would revert to being the pseudo-currency of Soviet times: something used for record-keeping purposes inside Russia, but without the ability to buy goods or services on international markets. The Russian economy would close upon itself, collapsing into as much self-sufficiency as possible for a country that produces only basic commodities.
  • Russia imports almost everything its citizens eat, wear, and use. And in the modern digitized world, that money cannot be used without the agreement of somebody’s central bank. You could call it Bernstam’s law: “Do not fight with countries whose currencies you use as a reserve currency to maintain your own.”
  • There is one exception to the rule about reserves as notations: About $132 billion of Russia’s reserves takes the form of physical gold in vaults inside Russia
  • Only one customer is rich enough to take significant gold from a sanctioned nation like Russia: China.
  • that does not solve the real problem, which is not to buy specific items from specific places, but to sustain the ruble as a currency that commands confidence from Russia’s own people. China cannot do that for Russians. Only the Western central banks can.
  • Putin launched his war against Ukraine in part to assert Russia’s great-power status—a war to make Russia great again. Putin seemingly did not understand that violence is only one form of power, and not ultimately the most decisive
  • The power Putin is about to feel is the power of producers against gangsters, of governments that inspire trust against governments that rule by fear.
  • Russia depends on the dollar, the euro, the pound, and other currencies in ways that few around Putin could comprehend. The liberal democracies that created those trusted currencies are about to make Putin’s cronies feel what they never troubled to learn. Squeeze them.
Javier E

Ties That Bind Putin and Xi Tested by Russia's Ukraine Invasion - The New York Times - 0 views

  • When Mr. Xi came to power a decade ago, the entente between the countries accelerated into a deepening relationship that has overcome decades of division and suspicion. Trade has skyrocketed, reaching $146 billion last year. The two militaries train together and conduct joint air and naval patrols along China’s coast.
  • “Even though the bilateral relationship is not an alliance, in its closeness and effectiveness this relationship even exceeds that of an alliance,” Mr. Xi told his counterpart during virtual talks in December, according to Mr. Putin’s foreign policy adviser Yuri V. Ushakov.
  • That relationship seemed to reach a new peak at the Olympics. After their meeting, the leaders issued a lengthy joint statement that raised alarms in Washington.
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  • It was the first time China had explicitly endorsed Russia’s demand for a halt to NATO expansion, though it had criticized previous NATO applications by individual countries, including Montenegro and North Macedonia.
  • The two leaders also vowed to resist American-led efforts to promote pluralistic democracy and said they would fight foreign influence under the guise of what both call “color revolutions,” after the popular uprisings in former Soviet republics like Ukraine and Georgia.
Javier E

What Hannah Arendt's Work Tells Us About Ukraine - The Atlantic - 0 views

  • The toxic nationalism and open racism of Nazi Germany, only recently defeated; the Soviet Union’s ongoing, cynical attacks on liberal values and what it called “bourgeois democracy”; the division of the world into warring camps; the large influx of refugees; the rise of new forms of broadcast media capable of pumping out disinformation and propaganda on a mass scale; the emergence of an uninterested, apathetic majority, easily placated with simple bromides and outright lies; and above all the phenomenon of totalitarianism, which she described as an “entirely new form of government”—all of these things led Arendt to believe that a darker era was about to begin.
  • Once again, we are living in a world that Arendt would recognize, a world in which it seems “as though mankind had divided itself between those who believe in human omnipotence (who think that everything is possible if one knows how to organize masses for it) and those for whom powerlessness has become the major experience of their lives”
  • In the totalitarian world, trust has dissolved. The masses “believe everything and nothing, think that everything was possible and that nothing was true.”
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  • because Arendt feared for the future, much of The Origins of Totalitarianism was in fact focused on an excavation of the past.
  • the principle that led her down this path remains important: To grapple with a broad social trend, look at its history, try to find its origins, try to understand what happened when it last appeared, in another country or another century
  • To explain Nazi anti-Semitism, Arendt reached back not only to the history of the Jews in Germany but also to the history of European racism and imperialism, and to the evolution of the notion of the “rights of man”—which we now more commonly speak of as “human rights.” To have such rights, she observed, you must not only live in a state that can guarantee them; you must also qualify as one of that state’s citizens.
  • the questions Arendt asks remain absolutely relevant today. She was fascinated by the passivity of so many people in the face of dictatorship, by the widespread willingness, even eagerness, to believe lies and propaganda
  • it offers us a kind of dual methodology, two different ways of thinking about the phenomenon of autocracy.
  • To explain this phenomenon, Arendt zeroes in on human psychology, especially the intersection between terror and loneliness. By destroying civic institutions, whether sports clubs or small businesses, totalitarian regimes kept people away from one another and prevented them from sharing creative or productive projects.
  • when each person felt himself isolated from the rest, resistance became impossible. Politics in the broadest sense became impossible too: “Terror can rule absolutely only over men who are isolated against each other … Isolation may be the beginning of terror; it certainly is its most fertile ground; it always is its result.”
  • it is impossible not to wonder whether the nature of modern work and information, the shift from “real life” to virtual life and the domination of public debate by algorithms that increase emotion, anger, and division, hasn’t created some of the same results
  • In a world where everyone is supposedly “connected,” loneliness and isolation once again are smothering activism, optimism, and the desire to participate in public life.
  • he 20th-century totalitarian model has not been banished; it can be brought back, at any place and at any time.
  • The Origins of Totalitarianism does not contain a set of policy prescriptions, or directions on how to fix things. Instead it offers proposals, experiments, different ways to think about the lure of autocracy and the seductive appeal of its proponents as we grapple with them in our own time
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