Below, I'll weigh in in why it doesn't matter at all if some in the FBI or on Mueller's team dislike Donald Trump. But first, let's talk about te great news being celebrated by the world's owner-caste, right now in Davos. Their biggest investment has paid off.
Now that the Tax Cut for the Oligarchy has passed, watch the pattern of the last several decades play out. The GOP has controlled Congress for all but two of the last 24 years, setting new records for indolence, sloth and corruption, as respect for that institution plummeted and only cheats like gerrymandering keep their grip on power.
But they are always hard-working - even manic - on one topic. They can be relied upon to deliver "supply side" gifts to their uber-rich lords. For example:
"GOP mega-donor Charles Koch and his wife donated about $500,000 to Speaker Paul Ryan’s (R-Wis.) joint fundraising committee, days after the GOP tax plan was passed... lowering the corporate tax rate and estate taxes.... He and his wife also gave $237,000 each to the National Republican Congressional Committee on the same day..."
Drain the swamp? There have never been better days for K Street lobbying firms.
To be clear, some tax cuts are different than others. It would be harder to argue against cuts that were actually aimed at achieving - in real life - the fantasy goals of every Supply Side gift to the rich. When cuts are targeted to incentivize R&D, or investment in productive capital, or export sales or job growth, these things historically happened, resulting in economic stimulus on the "supply side." So why did this GOP tax cut (and nearly all of the others) do none of those things? Not even some infrastructure spending that might prevent a recession?
As Adam Smith described... and every sane economist knows... most plutocrats won't invest in such things, when they get a big new slug of cash. Instead, it nearly always goes to inflating "rent-seeking," passive asset bubbles. (Anyone notice the stock market? Or how passive rentier income was way-advantaged in the Tax Bill, over wages or innovation?)
The top trend subsidized by Supply Side "reforms" -- after skyrocketing wealth disparity -- has always been ever-shorter ROI (Return of Investment) horizons.
Note: that's diametrically opposite to the long range view of guys like Elon Musk or Bill Gates or Jeff Bezos, who got super rich by working with engineers to deliver better goods and services. Guess which political party these innovator billionaires are never part of?
== Real entrepreneurs know this... ==
Fully 50% of our economy derives value and function from the prodigiously creative innovation that Americans performed since before the Second World War. That trait defeated Hitler, ended the Depression, won the Cold War, built a great middle class and - more importantly - kept the greatest general peace the world ever knew. It made the U.S. so rich that we could uplift most of the planet through our ironically-beneficent trade deficits: buying anything the world wanted to sell us and thus transforming their nations, cities and lives.
Now that the Tax Cut for the Oligarchy has passed, watch the pattern of the last several decades play out. The GOP has controlled Congress for all but two of the last 24 years, setting new records for indolence, sloth and corruption, as respect for that institution plummeted and only cheats like gerrymandering keep their grip on power.
But they are always hard-working - even manic - on one topic. They can be relied upon to deliver "supply side" gifts to their uber-rich lords. For example:
"GOP mega-donor Charles Koch and his wife donated about $500,000 to Speaker Paul Ryan’s (R-Wis.) joint fundraising committee, days after the GOP tax plan was passed... lowering the corporate tax rate and estate taxes.... He and his wife also gave $237,000 each to the National Republican Congressional Committee on the same day..."
Drain the swamp? There have never been better days for K Street lobbying firms.
To be clear, some tax cuts are different than others. It would be harder to argue against cuts that were actually aimed at achieving - in real life - the fantasy goals of every Supply Side gift to the rich. When cuts are targeted to incentivize R&D, or investment in productive capital, or export sales or job growth, these things historically happened, resulting in economic stimulus on the "supply side." So why did this GOP tax cut (and nearly all of the others) do none of those things? Not even some infrastructure spending that might prevent a recession?
As Adam Smith described... and every sane economist knows... most plutocrats won't invest in such things, when they get a big new slug of cash. Instead, it nearly always goes to inflating "rent-seeking," passive asset bubbles. (Anyone notice the stock market? Or how passive rentier income was way-advantaged in the Tax Bill, over wages or innovation?)
The top trend subsidized by Supply Side "reforms" -- after skyrocketing wealth disparity -- has always been ever-shorter ROI (Return of Investment) horizons.
Note: that's diametrically opposite to the long range view of guys like Elon Musk or Bill Gates or Jeff Bezos, who got super rich by working with engineers to deliver better goods and services. Guess which political party these innovator billionaires are never part of?
== Real entrepreneurs know this... ==
Fully 50% of our economy derives value and function from the prodigiously creative innovation that Americans performed since before the Second World War. That trait defeated Hitler, ended the Depression, won the Cold War, built a great middle class and - more importantly - kept the greatest general peace the world ever knew. It made the U.S. so rich that we could uplift most of the planet through our ironically-beneficent trade deficits: buying anything the world wanted to sell us and thus transforming their nations, cities and lives.
It took us to the moon and made our existence vastly more interesting, putting all the world’s knowledge at our fingertips! Those who would directly undermine our national penchant for innovation are - therefore - at-best fools and at-worst outright traitors.
And you know that I mean the “T-word” literally. It is the only conceivable explanation for the Mad Right’s outright and open War on Science — along with every single other fact-centered profession. There is only one reason for them to do that… to eliminate any competing elites who might counterbalance a return to 6000 years of feudal power.
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| New York Times |
Now look at an article Lost Einsteins: The Innovations We're Missing, by David Leonhardt in the New York Times - which included a national map that uses one metric — number of patents per 1,000 children — to elicit obvious… well, just look at the map and see what thoughts are roused.
Now I have some reservations about the article itself. It hollers so, over the glass-half-empty that the author fails to note how full it is! This is the core insanity of liberalism. If writers like this were more balanced - giving us glimpses of good news, as well - then Fox & idiots would not control the narrative, so.
Consider this: right wingers -- and the prevalent Dumb Wing of Libertarianism -- sneer at liberal efforts toward equal rights for all genders/races etc. They deride this great project as based on sappy do-gooderism or else sanctimony. They style themselves to be the “practical” ones.
But what is practical about wasting talent? What could be less “libertarian” than pre-biasing a child’s outcome based on traits for which she had no choice, and thus preventing her from proving herself with accomplishment? Thumbing the scale so that the number of skilled/confident competitors is minimized? That was the trick of feudalists for 60 centuries, and shame on every faux-libertarian who justifies it! Even if Ayn Rand approves, Adam Smith and Friedrich Hayek despise you.
There are many aspects to this problem, such as the failure of our leaders to stand up to those overseas who steal our innovations hand over fist. Some of that is to be expected - Americans were I.P. thieves in the 19th century - but the insatiably rapacious extremes of recent years are so predatory that they are tantamount to war. Tantamount to stupidity! Because the predators - unable to engender their own creative caste - are killing the goose that has laid their own golden eggs of development. And my biggest disappointment about Barack Obama was how tepidly he addressed that travesty.
Arnold Toynbee, arguably the greatest of all historians, said that the one trait shown by almost all nations that failed or collapsed was when they stopped investing and heeding their own "creative minorities."
Which leads us back to the glaring generality… that the wing of American political life that should care most about the health of innovative enterprise has become its worst enemy. Again, the recent Tax Bill wages open war on every single aspect of American ingenuity, creativity, science, R&D, and innovation, top-to-bottom, so systematically that its true author must have been some foreign despot.
== Prosecutors gotta prosecute... ==
As promised, here's the polemical point that no one seems able to make, in defense against the latest Fox-Mad harrangue about the Mueller probe.
Does anyone in politics or punditry have three neurons to scrape together? Trump supporters scream “bias!” because some at the FBI, or Fusion GPS, or or Robert Mueller’s team may have - despite Mueller’s scrupulous efforts - displayed distaste against DT or even Republicans. “Bias!”
Alas, Trump opponents should have a trivial answer - one that no Democrat or journalist or independent public figure has spoken, to my knowledge. That answer is… “So?” I mean prosecutorial bias? Horrors! … Um, not!
Dig it, our justice system - like markets, democracy, science etc. - is designed to be adversarial! There is no need for investigators or prosecutors to be completely disinterested or impartial, so long as they follow well-know standards of conduct and eventually, before trial, subject their behavior to defense discovery and scrutiny. Eagerness to “get that guy” is their job!Take Ken Starr, whose relentless pursuit of Bill Clinton cost the taxpayers upwards of a hundred million dollars, put the nation through hell, and finally came up with just one thing: a husband desperately fibbing about some consensual-adult 3rd-base infidelity in a hallway. That… was… it.
Sure, the whole Starr Chamber witch hunt was disgusting political theater, but among all the decrepit lunacies of that affair, the least noxious one was “these investigators blatantly dislike the guy they’re investigating.” Starr and his pack committed innumerable lies, torts and even criminal offenses. But enthusiasm for their goal was not one of them. So long as a skilled defense team has full access to every action and datum… and so long as the courts are fair and unbiased… then prosecutors should certainly want to succeed at prosecuting.
All of the current, desperate confederate whining against Mueller et. al. is far beyond hypocritical. It isn’t remotely logical! And it is a sign of the microcephalic stupidity of liberals, that they are unable to pause, perceive this counter-meme - and a myriad others - and actually respond with knife-like logic.
Caught between evil-treason on one side and stupidity on the other… what can we do?
Well, get more folks to subscribe to Contrary Brin!
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== Addendum: Hayek would be so mad, by now... ==
I mentioned him earlier: How ironic that Friedrich Hayek is generally dismissed as an apologist for elimination of all market regulation, yet the liberal (leaning-Keynesian) economics site - Evonomics - explores Hayek’s views on both market theory and evolution with considerable respect. (Evonomics is also the one place, online, that most often studies and lauds Adam Smith!) In this conversation, several leaders in both economic theory and evolution start by praising Hayek’s revelations that markets are about information and how over-regulation is inherently fraught with errors that stymie the crowd- and open-sourced wisdom of markets.
Hayek’s criticisms of socialism applied cogently to Leninist regimes, but as these scholars point out, they’re much less meaningful when aimed at Norway.
“Regulations” that break up power concentrations (e.g. anti-trust action vs. monopolies and duopolies) are not suppressors of competitive enterprise, but rather gave birth to its golden age… as our parents in the Greatest Generation well-knew, before those beneficial and stimulative regulations were chopped away by right wing “reforms.” (Followed by collapsing growth rates.)
Hayek’s greatest failing? His inability to refer to the other great enemy of market enterprise, feudalism, which wrecked far more nations and economies than poor, dumb socialism could ever dream of. A flawed and stupid system that wrought hell in 99% of past cultures, feudalism is rooted in human temptation to cheat, and it appears to be roaring back. And the shills who work for the lords are - alas - really good at oversimplifying and misquoting Friedrich Hayek.
The fundamental is this: if markets work best when the maximum amount of information (and least deception) is acted upon by the widest diversity of market participants... then liberal policies that intervene to ensure all children get education, health care and infrastructure are best -- not for “goody-two-shoes” reasons but for entirely pragmatic and Hayekian-capitalist reasons!
And "conservative" policies that empower a narrow caste of 5000 secretive-conniving golf buddies are the worst enemy that free and creative markets could possibly have.
