One of the big problems in our election coverage is the tendency for journalists to focus on descriptive questions (who will be president?) rather than normative ones (who should be president?). This is understandable, given journalism’s focus on objectivity, but the result is that we often spend much more time talking about whether a candidate is electable than we do about whether or not the candidate would actually do a good job. Voters need to know which candidates support policies that will help them and those they care about–they don’t need to know which candidates pundits think are likely to prevail. So my response is to continue my Candidate Evaluations series, which considers a candidate’s background, policy history, and explicit statements to determine whether or not the candidate would actually be any good at being president. Previously, I did Ted Cruz. Today, I tackle Rand Paul, who declared his intent to run earlier this week.
Tag: Keynesianism
Syriza vs. The Troika: What’s Going on in Greece
With the recent election of Syriza (Coalition of the Radical Left) in Greece, it’s time to revisit the Eurocrisis. I’ll be trying to answer several questions:
- What’s going on in Greece right now?
- What does Syriza want to do?
- What does the troika want Syriza to do?
- What happens if Syriza and the troika can’t agree?
Continue reading “Syriza vs. The Troika: What’s Going on in Greece”
Thomas Piketty is Not a Marxist
I subscribe to a weekly news magazine called The Week. It’s an excellent magazine highlighting the various things commentators have been saying in the popular press over the past week. In the most recent issue, however, I saw something strange. In the banner, there was a picture of Karl Marx, and the question “Is Marxism Back in Fashion?” This struck me as quite bizarre–I hadn’t seen any mention of Marx or Marxism in the last week. I turned to the relevant article and discovered that the controversy being highlighted was over Thomas Piketty’s new book, Capital in the Twenty-First Century. Many commentators, particularly those writing in right-leaning publications, were referring to Piketty and his work as Marxist (for an example, see Kyle Smith’s piece in the New York Post) This apparently is so uncontroversial that The Week felt comfortable guiding people to the story with a Marx reference. I found this extremely troubling, both because Piketty is most certainly not a Marxist and because the practice of calling all those with radical left-wing views “Marxist” is an attempt to straw man those leftists and prevent people from thinking seriously about their views. I’d like to elaborate on both themes today.
A Critique of Radical Democracy
A lot of smart people recognize that there are serious structural problems with the current political system, but there is much disagreement on how those problems should be dealt with. While I have often argued for sophiarchism, in many corners radical democratic theory remains more popular. I’d like to offer an argument for rejecting, at least in part, what radical democratic theory has to offer. “Radical democratic theory” is a lengthy phrase, so, for our mutual convenience, I will refer to radical democratic theory as “Rad-Demism” and those who believe in radical democratic theory as “Rad-Dems”. Continue reading “A Critique of Radical Democracy”
Reshoring: China vs. The Robots
There’s a bit of a disconnect between international relations theory people and economic theory people. It is rare that a single person finds himself facile with both disciplines and this tends to introduce blind spots in thinking. One of the biggest blind spots concerns the future role of manufacturing in geopolitics. Many people believe that cheap wages in places like China will ensure a strong US-China trading relationship and reduce the chance of future security competition. They think China will rise peacefully. These people are missing an important economic trend–the decreasing relevancy of the US-China wage gap and the inevitability of “reshoring”, the relocation of manufacturing back into the rich countries from whence it came.
Benjamin Studebaker 