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“It is clear that Russia did not accept the outcome of the Cold War. That is what all this is about,” Mr. Rasmussen said, referring to a surge in tensions between Moscow and the West over Ukraine and other former Soviet territories. “This will last a long, long time.”

All the same, President Ilves thinks it is still too early to determine what Russia’s recent border activities might presage for Baltic nations which, like Ukraine, have large populations of ethnic Russians. “Is this the beginning of something or a one-off? Time will tell,” he said, adding: “You can’t draw a line until you have two points.”

Both groups of scientists found that West Antarctic glaciers had retreated far enough to set off an inherent instability in the ice sheet, one that experts have feared for decades.

Those six glaciers alone could cause the ocean to rise four feet as they disappear, Dr. Rignot said, possibly within a couple of centuries. He added that their disappearance will most likely destabilize other sectors of the ice sheet, so the ultimate rise could be triple that.

The new finding appears to be the fulfillment of a prediction made in 1978 by an eminent glaciologist, John H. Mercer of the Ohio State University. He outlined the vulnerable nature of the West Antarctic ice sheet and warned that the rapid human-driven release of greenhouse gases posed “a threat of disaster.” He was assailed at the time, but in recent years, scientists have been watching with growing concern as events have unfolded in much the way Dr. Mercer predicted

“Rabin: The Last Day.” Agence France-Presse said the movie, by the renowned Israeli director Amos Gitai, is about “the incitement campaign before the 1995 assassination of Prime Minister Yitzhak Rabin” and “revisits a form of Jewish radicalism that still poses major risks.”

Sure, the official investigating commission focused on the breakdowns in Rabin’s security detail, but, Gitai added, “They didn’t investigate what were the underlying forces that wanted to kill Rabin. His murder came at the end of a hate campaign led by hallucinating rabbis, settlers who were against the withdrawal from territories and the parliamentary right, led by the Likud (party), already then headed by Benjamin Netanyahu, who wanted to destabilize Rabin’s Labor government.”

I hope a lot of Americans see this film — for the warning it offers to those who ignore or rationalize the divisive, bigoted campaigns of Donald Trump and Ben Carson and how they’re dragging their whole party across civic redlines, with candidates saying, rationalizing or ignoring more and more crazy, ill-informed stuff each week.

Last week another redline was crossed. At a Trump town hall event, the first questioner began: “We got a problem in this country. It’s called Muslims. We know our current president is one. We know he’s not even an American. But anyway. We have training camps brewing where they want to kill us. That’s my question. When can we get rid of them?”Trump responded: “A lot of people are saying that bad things are happening out there. We’re going to be looking into that and plenty of other things.”

Trump could have let the man ask his question and then correct his racist nonsense, without blocking his free speech, which is exactly what McCain did in a similar situation

Instead he tweeted: “Christians need support in our country (and around the world), their religious liberty is at stake! Obama has been horrible, I will be great.”

And then, like clockwork, Ben Carson saw Trump blurring another civic redline and leapfrogged him. Carson stated, “I would not advocate that we put a Muslim in charge of this nation.”

So a whole faith community gets delegitimized and another opportunity for someone to courageously stand up for what’s decent is squandered. But it will play well with certain voters. And that is all that matters — until something really bad happens. And then, all of it — the words, tweets, signs and boasts — will be footage for another documentary that ends badly.

Sailors balanced out the weight by leaving behind their ships' ballast: stones, gravel and soil. They swapped English dirt for Virginia tobacco. That dirt very likely contained the common nightcrawler and the red marsh worm. So, almost certainly, did the rootballs of plants that the colonists imported.

In worm-free woodlands, leaves pile up in drifts on the forest floor. Trees and shrubs in wormless places depend on litter for food. When earthworms arrive, they quickly consume the leaf litter, packing the nutrients deep in the soil in the form of castings (worm excrement). Suddenly, the plants can no longer feed themselves; their fine, surface-level root systems are in the wrong place. Wild sarsaparilla, wild oats, Solomon's seal and a host of understory plants die off; grass-like species such as Pennsylvania sedge take over. Sugar maples almost stop growing, and ash seedlings start to thrive.

Transported in the bodies of sailors, malaria may have crossed the ocean as early as Columbus's second voyage. Yellow fever, malaria's frequent companion, soon followed. By the 17th century, the zone where these diseases held sway—coastal areas roughly from Washington, D.C., to the Brazil-Ecuador border—was dangerous territory for European migrants, many of whom died within months of arrival

Initially, American planters preferred to pay to import European laborers—they spoke the same language and knew European farming methods. They also cost less than slaves bought from Africa, but they were far less hardy and thus a riskier investment. In purely economic terms, the historian Philip Curtin has calculated, the diseases of the Columbian Exchange made the enslaved worker "preferable at anything up to three times the price of the European."

At the time, England and Scotland shared a monarch but remained separate nations. England, the bigger partner, had been pushing a complete merger for decades. Scots had resisted, fearing a London-dominated economy, but now England promised to reimburse investors in the failed Panama project as part of a union agreement. As Mr. McNeill wrote, "Thus Great Britain was born, with assistance from the fevers of Panama."

Eighteenth-century farmers who planted potatoes reaped about four times as much dry food matter as they did from wheat or barley. Hunger was then a familiar presence in Europe. France had 40 nationwide food calamities between 1500 and 1800, more than one every decade, according to the French historian Fernand Braudel. England had still more. The continent simply could not sustain itself. The potato allowed most of Europe—a 2,000-mile band between Ireland and the Ukraine—to feed itself. (Corn, another American crop, played a similar role in Italy and Romania.) Political stability, higher incomes and a population boom were the result. Imported from Peru, the potato became the fuel for the rise of Europe.

The sweet potato played a similar role in China. Introduced (along with corn) from South America via the Pacific silver trade in the 1590s, it suddenly provided a way for Chinese farmers to cultivate upland areas that had been unusable for rice paddies. The nutritious new crop encouraged the fertility boom of the Qing dynasty, but the experiment soon went badly wrong. Because Chinese farmers had never cultivated their dry uplands, they made beginners' mistakes. An increase in erosion led to extraordinary levels of flooding, which in turn fed popular unrest and destabilized the government. The new crops that had helped to strengthen Europe were a key factor in weakening China.

European ships accidentally imported the fungus-like organism, native to Peru, that causes the potato disease known as late blight. First appearing in Flanders in June 1845, it was carried by winds to potato farms around Paris in August. Weeks later it wiped out fields in the Netherlands, Germany, Denmark and England. Blight appeared in Ireland on Sept. 13.

the Columbian Exchange, like a biological Internet, has put every part of the natural world in contact with every other, refashioning it, for better or worse, at a staggering rate.

The market, i.e., globalization, is tying economies more tightly together than ever before, making our workers, investors and markets much more interdependent and exposed to global trends, without walls to protect them.

the rapid growth of carbon in our atmosphere and environmental degradation and deforestation because of population growth on earth — the only home we have — are destabilizing Mother Nature’s ecosystems faster.

n sum, we’re in the middle of three “climate changes” at once: one digital, one ecological, one geo-economical. That’s why strong states are being stressed, weak ones are blowing up and Americans are feeling anxious that no one has a quick fix to ease their anxiety. And they’re right.

The only fix involves big, hard things that can only be built together over time: resilient infrastructure, affordable health care, more start-ups and lifelong learning opportunities for new jobs, immigration policies that attract talent, sustainable environments, manageable debt and governing institutions adapted to the new speed.

we’re not going to respond to the big global issues until they hit the economy. It’s hard to imagine a stronger example than a city of 20 million people running out of water. Yet despite the clear threat, the main response is ‘we hope it rains.’ Why such denial? Because the implications of acceptance are so significant, and we know in our hearts there’s no going back once you end denial. It would demand that the country face up to the urgency of reversing rather than slowing deforestation” and “the need to prepare the country for the risks that a changing climate presents.”

If Putin admits his Ukraine adventure was a mistake, he will look incredibly foolish and the long knives will be out for him in the Kremlin. If he doesn’t back down, Russians will pay a huge price. Either way, that system will be stressed with unpredictable spillovers on the global economy. Remember: Russia’s 1998 economic collapse — also triggered by low oil prices and the moratorium it declared on payments to foreign debtors — helped to sink the giant American hedge fund Long-Term Capital Management, sparking a near meltdown on Wall Street.

in an age when machines and software are ensuring that average is over for workers in developed countries, and everyone needs to be upgrading their skills, what happens to the developing Arab states and Iran, who have used oil money to mask their deficits in knowledge, education and women’s empowerment? Egypt’s military-led government is highly in need of Arab oil money to get through its crisis. A bit of good news: The Islamic State, which depends on oil smuggling, will fail at governing even faster than it already has.

Turkey now “needs more than $200 billion of foreign financing a year, more than a quarter of gross domestic product, to maintain its current level of growth.” There will be less Arab and Russian oil money for that and, last week, with Erdogan being criticized by the European Union (a big source of investment income) for arresting his opponents, the Turkish lira hit a low against the dollar.

Clinton’s position is Netanyahu’s. And that’s important to understand. If you want a United States with no daylight between it and any Israeli government, whatever that government may do, vote for Clinton. If you want someone who believes the Libya intervention was the right thing to do, vote for Clinton. If you think America’s problem is not torture or drones or destabilizing occupations or debt but that we don’t tell the world how great we are enough, then vote for Clinton. If you really long for 2003 again, vote for Clinton.

isn’t it amazing that after the catastrophes of the Bush-Cheney era, both parties could effectively be running neocons for the presidency in 2016! Welcome to Washington – where the past is always present, amnesia is a lubricant, and the leading Democrat is running as a neocon.

These are not future problems, but rather urgent matters, according to Steffen, who said that the economic boom since 1950 and the globalized economy have accelerated the transgression of the boundaries.

South Korean intelligence officials and several analysts questioned whether Wednesday's explosion was a test of a full-fledged hydrogen device, pointing to the fact that it was roughly as powerful as North Korea's last atomic test in 2013.

But the development unnerved South Korea and Japan and drew international criticism, including from China and Russia, North Korea's two main allies.United Nations Secretary-General Ban Ki-moon condemned North Korea's action, calling it "profoundly destabilizing for regional security", while U.S. House Speaker Paul Ryan said it "looks like a provocation".

No countries were given advance warning of a nuclear test, South Korea's intelligence service said, according to lawmakers briefed by intelligence officials.In previous such tests, Pyongyang had notified China, Russia and the United States beforehand, they said.

"These truly barbaric criminal acts carried out against innocent people, claimed by the criminal organization al-Qaida in the Islamic Maghreb (AQIM) seek to destabilize our country and its republican institutions, and to undermine efforts to build a democratic, quiet and prosperous nation,"

The national mourning began Sunday, a day after Burkinabe and French forces ended a more than 12-hour siege at the upscale Splendid Hotel in downtown Ouagadougou

White House National Security Council Spokesperson Ned Price said Riddering "had devoted his life to working with the Burkinabe people" in a statement strongly condemning the recent terrorist attacks in Burkina Faso and mourning those killed "in these senseless acts of violence."

"During the Ebola crisis, when it was hard to find people to do the digging, Mike would go out and join them so they could continue doing the work,"

Swiss authorities said its two nationals who were killed were also in Burkina Faso for humanitarian reasons.

The al-Qaida group claiming responsibility for the carnage released an audio tape titled: "A Message Signed with Blood and Body Parts."

The attack, which began around 7:30 p.m. Friday, was the first of its kind in Burkina Faso, a largely Muslim country that had managed to avoid the kinds of jihadist attack

To help readers understand the drive for identity in Western Civilization, Fukuyama coins two new terms, both based on the Greek word thymos, which he explains as “the part of the soul that craves recognition or dignity.” His first term isothymia, he defines as “the demand to be respected on an equal basis with other people.”His second new word, megalothymia, is “the desire to be recognized as superior.”

What actions can liberal democracies take to protect minorities while strengthening their traditional freedoms? Fukuyama proposes the development of “creedal national identities.” In this scenario, individuals would strongly identify with the “core values” in their country rather than on “shared personal characteristics.” 

Fukuyama argues that the left has made a serious mistake in abandoning its traditional concerns with demanding economic equality and worker protections in favor of promoting “a wide variety of groups perceived as being marginalized…blacks, immigrants, women, the LGBT community.” In response, the right in many countries redefined itself as “patriots who seek to protect traditional national identity.”

Megalothymia becomes a major problem when an aggressive majority group takes power and seeks to socially ostracize or even exterminate a minority group. Nazi Germany is the ultimate expression of this trend in the 20th century. 

In the United States, progressives should “adopt an assimilationist agenda.” This would include “strengthening external borders” while providing a clear path to citizenship for the 12 million undocumented men and women now in the country. He also wants public education to phase-out bilingual education and focus on teaching all students English language skills. He cites the “thirteen different languages taught in the New York City schools” as a divisive factor, weakening a national identity and fostering segregated communities.Fukuyama also proposes universal national service for all young people, as a “powerful way of integrating newcomers into the national culture.”He chastises the Democratic Party and progressives in general for “undermining the legitimacy of the American national story” by suggesting that racism and gender discrimination are “intrinsic to the country’s DNA.”

This has allowed the Republican Party and other conservative ideologues to redefine themselves as “patriots who seek to protect national identify.”He advises progressives to return to the traditional working-class issues of economic redistribution and improved government services (e.g. education, child care). 

“It’s really important that this not play out in a conflictual way, because that will be destabilizing for the entire global economy,” he said. “It’s going to be important to try to entice China into the global framework that countries agree on…in which China changes some of its trading practices and there’s also accommodation to some of its legitimate economic goals.”

Too many powerful interest groups have too much of a stake in the status quo for Beijing’s policy makers to force wrenching changes on the Chinese economy. But absent major reforms, the danger of a serious economic shock is growing.

China’s problems today are following this pattern. Pakistan, the largest recipient of BRI financing, thinks the terms are unfair and wants to renegotiate. Malaysia, the second largest BRI target, wants to scale back its participation since pro-China politicians were swept out of office. Myanmar and Nepal have canceled BRI projects. After Sri Lanka was forced to grant China a 99-year lease on the Hambantota Port to repay Chinese loans, countries across Asia and Africa started rereading the fine print of their contracts, muttering about unequal treaties.

But as Lenin observed a century ago, the attempt to export overcapacity to avoid chaos at home can lead to conflict abroad. He predicted rival empires would clash over markets, but other dynamics also make this strategy hazardous. Nationalist politicians resist “development” projects that saddle their countries with huge debts to the imperialist power. As a result, imperialism is a road to ruin.

The Belt and Road Initiative was designed to sustain continued expansion in the absence of serious economic reform. Chinese merchants, bankers and diplomats combed the developing world for markets and infrastructure projects to keep China Inc. solvent. In a 2014 article in the South China Morning Post, a Chinese official said one objective of the BRI is the “transfer of overcapacity overseas.”

China’s chief problem isn’t U.S. resistance to its rise. It is that the internal dynamics of its economic system force its rulers to choose between putting China through a wrenching and destabilizing economic adjustment, or else pursuing an expansionist development policy that will lead to conflict and isolation abroad

that with the right economic policies, a mix of rising purchasing power and international economic integration can transcend the imperialist dynamics of the 19th and early 20th centuries. But unless China can learn from those examples, it will remain caught in the “Lenin trap”

Under President Trump, our very democracy is—or at least seems to be—under threat. Being in a constant state of alarm, wanting to be alarmed, can be unusually thrilling.  

White House press secretary Sarah Sanders said the decision was "based on guidance from the Justice Department."

"It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America," said Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi in a joint statement. "Make no mistake about it, Trump will try to blame the Affordable Care Act, but this will fall on his back and he will pay the price for it."

This was the second major move on Obamacare Thursday. Earlier in the day, Trump signed an executive order charging his administration with developing policies to increase health care competition and choice in order to cut prices. However, it could also destabilize Obamacare by siphoning off younger and healthier Americans from the exchanges.

What will Congress do?

"Cutting health care subsidies will mean more uninsured in my district. @POTUS promised more access, affordable coverage.," Florida Rep. Ileana Ros-Lehtinen, a Republican who will be retiring at the end of this term, said in a Twitter post after the news broke Thursday night. "This does opposite."

"Under no circumstance should Congress attempt to expand Obamacare by cutting a check for President Obama's bailout of insurance companies," tweeted GOP Rep. Mark Walker of North Carolina. "Instead, Congress must fulfill the promise to repeal and replace Obamacare with high-quality, patient-centered health care."

Will costs go up?

Insurers have already signed contracts committing them to participating in 2018 and setting their rates. They must continuing offering the reduced deductibles and co-pays to eligible enrollees, but they won't be paid for them. That's why many asked for such large rate hikes.

Obamacare enrollees eligible to receive premium subsidies, which are not affected by Trump's move, will continue to get discounted rates.

“Photographs of a captured country shot through the lens of the captor possess layers of ambiguity too confusing to grasp,” she writes. Her characters marvel at photography’s mechanisms and denounce its propagandistic effects

The novel’s title may be read as describing the Filipinos who rose up against their colonizers; the translator bent on destabilizing the narratives imposed on her country; or Apostol herself, whose explosion of formal novelistic conventions is its own kind of uprising

Though ambiguity and the unknowable drive and derange this novel’s characters, I don’t believe Apostol is arguing against the existence of demonstrable fact. “Insurrecto” underscores how excruciatingly difficult it can be to interpret, to verify. But it never underrates the obligation to try. It heaps disdain and punishment on characters who would go at the task lightly, oblivious of their own biases, assumptions and mistranslations

Apostol does draw one straight line: from the Philippine-American War to the “latter-day outbreaks of imperial hysteria in Southeast Asian wars, which are a blip in the infinite human spiral of human aggression,” appearing now in the kind of environmental destruction wrought by super-typhoons like the one that pulverized Eastern Samar in 2013.

Balangiga, no matter how you count the bodies, was “a crime of history that no single vision can redeem.” In confronting that crime, Apostol has written a novel of multitudinous vision, one that dares to ask: In the face of so much tragedy, what can one do after the crying … but laugh?

As moderates abandoned him, King also faced a resurgence of the more virulent elements of white supremacy. The Klan firebombed the Forrest County, Mississippi, NAACP leader Vernon Dahmer to death in January 1966, and Klan night riders were suspected in the murder of the activist Clarence Triggs in Bogalusa, Louisiana, later that year.

The Kerner Commission, established by President Lyndon B. Johnson’s administration to investigate the causes of the 1967 unrest, said plainly that racism was a major factor. Its 1968 report, authored by the commissioners, who were firmly rooted in mainstream racial politics, concluded, “Our Nation is moving toward two societies, one black, one white—separate and unequal.” But Gallup polls showed that a majority of Americans disbelieved that conclusion, and Johnson largely ignored the report in future policy making. The false tale of victory had sprung to life. White backlash and Johnson’s rift with civil-rights leaders who wanted to push further than he did slowed the White House’s efforts

y 1968, King had emerged from a series of trials with an understanding of the full breadth of white supremacy, and with no small despair at its depth. As he embarked on his Poor People’s Campaign, he braved dwindling funds, a loss of public support, and mounting desperation among the people on the margins of America. It became clear that King embodied the final seal of the eschaton—the urban apocalypse—that Baldwin had warned about.

In the immediate aftermath of King’s death, the intensity of the cataclysm became clear to all of black America. Three days after King’s murder, even as the fires across the country raged, Baldwin and King’s friend Nina Simone took to the stage at the Westbury Music Fair, on Long Island. The show had been scheduled long before, but now it had new meaning.

Even the ascendant Black Power movement, however, couldn’t withstand the might of the American status quo. In 1969, Chicago police and the FBI killed the Black Panther Party’s deputy chairman, Fred Hampton, dealing another blow to hopes for a visionary leader. The FBI’s continuing program of disruption, along with increasingly hostile public opinion among whites and the rise of “law and order” politics, had effectively destabilized the Black Power movement as a legitimate change-making force by 1970. Ever since, black activists have often been marginalized and widely discredited.

But Reagan did not mention the remarks he had made as the governor of California on the day of King’s funeral, when he had spoken of “a great tragedy that began when we began compromising with law and order and people started choosing which laws they’d break”—in effect, blaming King’s own campaign of civil disobedience for his assassination. Nor did Reagan mention that a majority of whites had felt the same way and that many of them had hated King. No mention, either, of the last three years of King’s life, other than his death.

How much has changed in the 40 years since that retrospective? Have politicians improved? If King were alive today, would he bask in the glow of achievement, or would he gird himself again to march?I pondered those questions on that January morning in Washington. Just a few days later, the manicured National Mall would be trampled by onlookers who’d come to see American democracy’s quadrennial spectacle, this time for a man who’d been endorsed by the Klan. And I considered one last question: Is this what victory looks like?

Tom Edsall made a vital point yesterday in the New York Times, citing a new study. In America, a center-right country, those with “fixed views” are 42 percent of the electorate; those with “fluid views” are 32 percent; and those hybrids in the middle (which is where I find myself) are 26 percent. More to the point, the hybrids “are more like the fixed than they are the fluid.”

The Italian leftist, Antonio Gramsci, famously wrote, “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear.”

He was being deliberately provocative in his original remarks: “the biggest terror threat in this country is white men.” He suggested “we have to do something about them,” and referred to the “Muslim ban” as an analogy. It’s a dumb analogy, since it’s about immigrants from a select number of Muslim-majority countries, while “white men” is clearly about American citizens. But the Muslim analogy works in another way. We go out of our way — and rightly so, in my view — not to associate Islamist terrorists with American Muslims. And we do so because it’s grotesquely unfair to generalize from a tiny few to an entire population. If it’s unfair to do that for Muslims, why is it okay for “white men”?

On the facts, he insisted, he is not wrong about domestic terrorism. Right-wing terror is at least as dangerous as Islamist terror, maybe more: “Since the 9/11 attacks in 2001, far-right violent extremists have killed 106 people in 62 attacks in the United States, while radical Islamist violent extremists have killed 119 people in 23 attacks.” He’s right about that — and, with Pittsburgh, there are now 11 more victims on the far-right side of the ledger

At what point is it legitimate to make sweeping negative generalizations about whole classes of people?

it seems to me important to keep the denigration of entire classes of people in check. It’s morally wrong, and it’s politically counterproductive. The issue is not the far-right terrorists’ whiteness or their maleness, but their extremism and psychology.

In a liberal society, we don’t judge the individual by the group or the group by the individual. It’s worth resisting the urge to do so when you feel it (as we all do from time to time). Especially when you believe your motives are good ones

The most striking thing about Max Boot, the former neocon who has become one of the most passionate Never Trumpers, is his naïveté. After decades of diligence in the ranks of the conservative movement, it took the emergence of Trump to make him see that almost everything he previously trusted and believed in could disappear overnight. I’m glad he has seen the light on this, and enjoyed his book, The Corrosion of Conservatism, as a memoir of that naïveté

He’s a first-generation immigrant, just like me. And we tend to idolize America. Unlike most people, we chose it. For us, America will always be an escape and a vision of a life made new. We look past its flaws, blur over its past, miss the racial backstory, rationalize foreign interventions in ways many native-born Americans would balk at. We immigrants are the ultimate American idealists

If you are also a conservative, and came here in the twilight of the Cold War, you will also have been swept away by what appeared to be the triumph of your set of ideas, the total defeat of Soviet Communism, the collapse of collectivism, and the spread of freedom around the world. And the last two decades of the 20th century, when Boot and I came of age, were as intoxicating for a conservative immigrant to America as the first two decades of the 21st have been profoundly disillusioning

My breaking point was the revelation that the GOP backed the brutal torture of prisoners, the total abnegation of a politics of freedom. If you didn’t recognize the barbarism that lay just beneath the Republican surface then, you were blinded by something pretty powerful.

But there’s a danger to Damascene moments. It’s so very tempting to replace one tribe with another, one fixed ideology for its opposite, and to make that conversion the central part of your identity.

In 10 or 15 years, Stringer claimed, the staggering number of minority students would lead to a change in the demographics of the state’s voting base. “That’s what’s going on around the country,” he said. “Immigration is politically destabilizing. President Trump has talked about it. I’m very concerned about this. Immigration today represents an existential threat to the United States.”

“If we don’t do something about immigration very, very soon, the demographics of our country will be irrevocably changed and it will be a very different country and it will not be the country you were born into,” he said.

While he apologized for offending anyone, he said drawing attention to the racial breakdown of students in Arizona’s public schools is “not a racist comment, it’s a statement of fact.”

“I maybe touched a third rail of politics but what I said is accurate,” Stringer said. “Anybody that talks about this in this way is shut down and called a racist. I’m speaking the truth. Diversity may be a great thing, there might be a lot of advantages, I’m not arguing against diversity at all, but no country can be demographically transformed without any political or social consequences.”

It was The Economists’ Hour, as the title of the New York Times editorial writer Binyamin Appelbaum’s debut book has it.

Lemann and Appelbaum contribute to the second wave of post-2008 commentary. The first postmortems focused narrowly on the global financial crisis, dissecting the distorted incentives, regulatory frailty, and groupthink that caused bankers to blow up the world economy

The new round of analysis broadens the lens, searching out larger political and intellectual wrong turns, an expansion that reflects the morphing of the 2008 crash into a general populist surge.

Berle went further. He laid out in detail how shareholders, being so dispersed and numerous, could not hope to restrain bosses—indeed, how nobody could do so. Enormous powers to shape society belonged to company chieftains who answered to no one. Hence Berle’s prescription: The government should regulate them.

“the Treaty of Detroit,” GM’s bosses granted workers regular cost-of-living pay increases, a measure of job security, health insurance, and a pension—benefits that were almost unheard-of. General Motors had “set itself up as a comprehensive welfare state for its workers,” in Lemann’s succinct formulation.

Berle celebrated the Treaty of Detroit by propounding a pro-corporate liberalism. The corporation had become the “conscience-carrier of twentieth-century American society,” he marveled

Anticipating the “end of history” triumphalism of a later era, the sociologist Daniel Bell feted the corporatist order in a book titled The End of Ideology.

the chief threat to Berle’s vision came not from America’s suspicion of concentrated power. It came from economics

Starting in the 1970s, however, economists began to wield extraordinary influence. They persuaded Richard Nixon to abolish the military draft. They brought economics into the courtroom. They took over many of the top posts at regulatory agencies

The rise of economics, Appelbaum writes, “transformed the business of government, the conduct of business, and, as a result, the patterns of everyday life.

In sum, Jensen’s prescriptions inverted Berle’s. The market could be made to solve the problem of the firm. Government could pull back from regulation

Jensen agreed with Berle’s starting point: Corporate managers were unaccountable because shareholders could not restrain them. But rather than seeing a remedy in checks exerted by regulators and organized labor, Jensen proposed to overhaul the firm so that ownership and control were reunited

After decades in which economists’ influence expanded rapidly, the striking thing about the Trump administration and its foreign analogues is that they have largely dispensed with economic advisers

Shortly after the publication of his research, the invention of junk bonds made hostile takeovers the rage. During the ’80s, more than a quarter of the companies on the Fortune 500 list were targeted. Jensen became the scholar who explained why this unprecedented boardroom bloodbath was good news for America.

to a considerable extent, the news was good. Shielded from market discipline, the old corporate heads had deployed capital carelessly

From 1977 to 1988, Jensen calculated, American corporations had increased in value by $500 billion as a result of the new market for corporate control. Reengineered and reinvigorated, American business staved off what might have been an existential threat from Japanese competition.

Michael C. Jensen, an entertainingly impassioned financial economist who reframed attitudes toward the corporation in the mid-’70s.

Even before the 2008 crash, Jensen disavowed the transactional culture he had helped to legitimize. Holy shit, Jensen remembers saying to himself. Anything can be corrupted.

Contrary to common presumption, the economics establishment in the 1990s and 2000s did not believe that markets were perfectly efficient. Rather, influential economists took the pragmatic view that markets would discipline financiers more effectively than regulators could

He is happy to state at the outset that market-oriented reforms have lifted billions out of poverty, and to recognize that the deregulation that helped undo Berle-ism was not some kind of right-wing plot. In the late ’70s, it was initiated by Democrats such as President Jimmy Carter and Senator Ted Kennedy.

Inequality has grown to unacceptable extremes in highly developed economies. From 1980 to 2010, life expectancy for poor Americans scandalously declined, even as the rich lived longer.

Meanwhile, the primacy of economics has not generated faster economic growth. From 1990 until the eve of the financial crisis, U.S. real GDP per person grew by a little under 2 percent a year, less than the 2.5 percent a year in the oil-shocked 1970s.

economists have repeatedly made excessive claims for their discipline

In the ’60s, Kennedy’s and Johnson’s advisers thought they had the business cycle tamed. They believed they could prevent recessions by “fine-tuning” tax and spending policies

When this expectation was exposed as hubris, Milton Friedman urged central banks to focus exclusively on the supply of money circulating in the economy. This too was soon discredited. From the ’90s onward, economists oversold the benefits of targeting inflation, forgetting that other perils—the human cost of unemployment, the destabilization wrought by financial bubbles—might well be worse than rising prices

Greenspan and Summers ducked the political challenge of buffering new kinds of financial trading with regulatory safeguards

Yet a large cost eluded Jensen’s calculations. The social contract of the Berle era was gone: the unstated assumption of lifetime employment, the promise of retirement benefits, the sense of community and stability and shared purpose that gave millions of lives their meaning. Berle had viewed the corporation as a social and political institution as much as an economic one, and the dismembering of corporations on purely economic grounds was bound to generate fallout that had not been accounted for

today’s fierce international competition and disruptive innovation oblige businesses to cut costs or go under. The dilemma is that, even as they compel efficiency, globalization and technological change exacerbate inequality and uncertainty and therefore the need for a compassionate social contract

LinkedIn is not a solution to worker insecurity writ large, still less to inequality. On the contrary, a world in which people compete to gather connections may be even less equal than our current one. A few high-octane networkers will attract large followings, while a long tail of pedestrians will have only a handful of buddies

Rather than buy in to a single grand vision, societies should prefer a robust contest among interest groups—what Lemann calls pluralism. Borrowing from the forgotten early-20th-century political scientist Arthur Bentley, Lemann defines groups broadly. States and cities are “locality groups,” income categories are “wealth groups,” supporters of a particular politician constitute “personality groups.” People inevitably affiliate themselves with such groups; groups naturally compete to influence the government; and the resulting push and pull, not squabbles among intellectuals about organizing concepts, constitutes the proper stuff of politics

Lemann is aware of the risks in this conclusion. He cites the obvious objection: “The flaw in the pluralist heaven is that the heavenly chorus sings with a strong upper-class accent.” In a contest of competing interest groups, the ones with the most money are likely to win

For those who regard inequality as a challenge, an interest-group free-for-all is a perilous prescription.

Appelbaum presents a series of persuasive recommendations, confirming that Lemann is wrong to despair of reasoned, technocratic argument. If policy makers want ordinary Americans to appreciate the benefits of open trade, they must ensure that displaced workers have access to training and health care. Because some interest groups are weaker than others, government should correct the double standard by which the power of labor unions is regarded with antipathy but the power of business monopolies is tolerated

Progressives should look for ways to be pro-competition but anti-inequality

—it isn’t so clear that the economists have departed

throughout Appelbaum’s narrative, many of the knights who slay the dragons of bad economic ideology are economists themselves. The story of the past generation is more about debates among economists than about economists pitted against laypeople. Perhaps, with a bit of humility and retooling, the economists will have their day again. If they do not come up with the next set of good ideas, it is not obvious who will