10.15.07
Why The West Will Win
I have written in the past about Neoconservatism, especially the doctrine that we can democratize the world. This is not only, or even primarily, a military conflict. The use of force is like weeding a garden, removing petty tyrants so that democracy may flourish. The real power of Neoconservatism is cultural. America, the City on a Hill, is a beacon of hope that shines the light of freedom and prosperity around the world, urging all nations to follow us in the march toward liberty.
We are now engaged in an ideological conflict against Islamofascism. But just as we defeated communism, we shall be triumphant here as well, not only because of our military superiority, but because of the greatness of the ideology which we embody. The tyranny of the Jihadist’s mosque cannot compete with the greatness of American Gladiators.
Don’t believe me? Well, consider this. After decades of Cold War, American Gladiators debuted in September of 1989. In November of 1989, the Berlin Wall came tumbling down. By December of 1991, The USSR itself was no more. The Battle for the Hearts and Minds was fought – and won – with foam jousting batons.
And now the show is coming back! It will be aired mid-season on NBC, hosted by no less illustrious a figure than Hulk Hogan! In the face of such resplendent, all-American Awesome.
So let us continue to oppose petty tyrants. Let us continue to weed this world of tin-pot dictators who abuse and enslave their own people. Let us stand up against evil ideologies.
And let us watch American Gladiators, let the world watch, and see why the West will win.
10.13.07
Edwards and Obama Don’t Want You To Think
During a Democratic presidential debate in July, Senator Barack Obama, D-Illinois, said he would be willing to meet without precondition in the first year of his presidency with the leaders of Iran, Syria, Venezuela, Cuba and North Korea.
Standing with him on stage, Clinton said she would first send envoys to test the waters and called Obama’s position irresponsible and naive.
But asked about it Thursday by a voter, the New York senator said twice that she, too, would negotiate with Iran “with no conditions.”
“I would engage in negotiations with Iran, with no conditions, because we don’t really understand how Iran works. We think we do, from the outside, but I think that is misleading,” she said at an apple orchard.
“It is very disappointing that Senator Clinton seems determined to hedge her responses on the issues that matter most to the American people. After six years of the Bush Administration’s disastrous foreign policy, the stakes in this election are too high,” Kofinis went on to say in the release. “The American people deserve a president who will tell them the truth and offer straight answers, not flip-flops and political double-speak.”
Edwards’ and Obama’s attacks on Clinton are base, manipulative political posturing that ignores the depth and nuance at hand here. Sen. Clinton’s opponents latch onto a superficial similarity between what she criticized about Obama and what she herself proposes, ignoring the deeper differences between the two leaders’ approaches. This criticism of Hillary’s stance only makes sense if we don’t think. Which is exactly what Edwards and Obama want.
Obama pledged willingness to meet personally with the heads of state of US enemies, including Hugo Chavez and Kim Jong Il, within his first year in office. Clinton rightly called this “irresponsible, and frankly naive,” asserting that she doesn’t “want to be used for propaganda purposes.”
This objection is not rooted in the belief that we should have no contact with Iran and North Korea. The negotiations aren’t what she criticized. Even the lack of pre-conditions isn’t the real issue. The real issue is that Obama promised not only diplomatic contact, but Presidential access and all of the publicity and prestige that entails. A face-to-face meeting with the U.S. President creates enormous room for propaganda. An official US State Visit is an enormous boon to foreign leaders, and creates an opportunity for would-be President Obama to be made a fool. Clinton was right to call this move “naive.”
Clinton’s willingness to negotiate with Iran appears to be a contradiction on the most superficial level, but only if we suspend rationality like Edwards and Obama want us to. Clinton has not pledged a Head-of-State level meeting with Iran, which is what she criticized Obama for doing. Though she thinks such a Summit would be ill-advised, she doens’t think that negotiation doesn’t have a place. Former SecState Madeline Albright criticized Obama by suggesting that we need to do “diplomatic spadework” before a major State visit. Clinton essentially proposed to do just that. To cite her own words:
“What I’ve said for a long time is that the United States of American should negotiate with Iran,” she said. “But it’s also the case that I do not believe the president of the United States should be party of such negotiations at this time.
“There’s a very big difference between setting up a structure for diplomatic negotiating and saying that as president one would meet with dictators of a country without preconditions in your first year.”
Barack Obama ordered a Big Mac, and Hillary Clinton criticized his choice of food. She then ordered a Double Double from In & Out. And now Obama (and Edwards, too!) call her a hypocrite for ordering a hamburger after talking smack about Obama’s Big Mac. Well sure, it’s a hamburger. But it’s not that hamburger, and the relevant criticisms don’t apply to her Double Double.
I am frankly disheartened by these attacks against Senator Clinton. While is disagree with her on many issues, especially regarding domestic policy, she is neither irresponsible nor foolish when it comes to foreign affairs. The attacks against her are rooted in ignorance and stupidity, quite frankly.
I’m left wondering if Obama and Edwards are simply irresponsible, dishonest, and manipulative, or if they honestly don’t understand the distinction between a Presidential Summit and normal avenues of diplomatic negotiation. Either way, neither of these men are fit to be Commander-in-Chief.
10.09.07
Fred Thompson
My thoughts on Fred Thompson in the debate tonight.
a) He looks really bald on TV.
b) They quizzed him like a schoolboy.
“What is the importance of a strong dollar?” is an unwieldy question designed to see if he could explain a boring, complicated topic in terms that are easy to understand. And he couldn’t. His answer wasn’t ignorant, I suppose, but it came across as too simplistic. Of course, if he had dealt with the technical issues more it would have appeared like he couldn’t communicate. It was a lose/lose for him, and he needed to find a way to latch onto one single, understandable, relatable issue and blow it up.
“Who is the Prime Minister of Canada?” was just condescending; the question itself made it look like he was dumb, even though he answered correctly. And, in fact, I was a little surprised that he answered it correctly.
Great comment: “I’ve enjoyed watching these guys, but I’ve gotta admit it was getting a little boring without me.”
10.05.07
Those Conservative Europeans…
In March of 2006, I was doing some research and discovered an interesting article about global standards on abortion. I was astonished to discover just how liberal America’s abortion laws are, even compared to nations like Britain, Germany, Sweden, and other parts of post-Christian Europe.
A look at access to abortion around the globe:
EUROPE:Most European countries have legalized abortion, with limits. A representative sampling:
Britain: Available with limits until the 24th week, after that if the pregnancy threatens the women’s life, may cause grave permanent injury to her physical or mental health or if there is a substantial risk that the baby will be seriously handicapped.
Germany: Available in the first 12 weeks if the woman is in a “state of distress” and undergoes counseling.
Spain: Legalized in 1985, available in cases of rape, fetal deformation or risk to the mother’s mental or physical health.
Sweden: Legalized in 1975 and available on demand until the 18th week; after that social authorities must give permission.
AFRICA:
Benin, Burkina Faso, Chad, Guinea and Mali: Recognize grounds for abortion as saving a woman’s life and protecting her health in cases of rape, incest and fetal impairment, according to the Center for Reproductive Rights.
South Africa: Legal since 1997 on demand in first 12 weeks; from week 13-20 available if a doctor advises and after that only if there is a risk to the woman or fetus.
ASIA:
China: Legal and common, as government birth control rules limit most urban couples to one child and most rural couples to two. Local officials accused of coercing abortions. Legal ban in place on aborting a fetus because of its sex.
India: Legalized in 1971 and viewed as a way to curb population growth, although access is limited. Prenatal sex determination tests illegal.
Indonesia: Illegal in world’s most populous Muslim nation except when the mother or fetus have severe health problems.
Japan: Widely available since 1948; allowed before the 22nd week if mother’s health is at risk from physical or economic factors or if mother was raped or otherwise incapacitated at time of conception.
Philippines: Illegal in predominantly Roman Catholic country.
LATIN AMERICA: In predominantly Roman Catholic Latin America, abortion is usually illegal, although many countries make exceptions for when the mother’s life is at risk. An exception is Cuba, where abortion is legal, widespread and free through universal health system for women over 18. There were 52.5 abortions for every 100 births in 2004, according to Cuba’s Ministry of Public Health.
MIDDLE EAST: Abortion is banned in Middle East nations from Morocco to Iran, in line with Islamic Shariah law, which strictly forbids the practice — though most allow it if the mother’s life is endangered. The sole exception is Tunisia, where abortion is allowed on demand during the first trimester. In Egypt, it is allowed before 120 days if doctor specifies reasons requiring it.
Sociologist Peter Berger famously stated that if Indians are the most religious people in the world, and Swedes the least, then America is a nation of Indians governed by Swedes. But when it comes to protecting the lives of the unborn, even Swedes would think that America is a little out there.
10.02.07
And the award for hottest global leader goes to…
I feel a little bad about this, but I read an article about Putin’s ploy to become de facto dictator-for-life of Russia, and all I take away is the image of Putin walking topless through the brush, carrying a massive hunting rifle.

I mean, sure he’s trying to engineer an electoral margin large enough to amend the Russian constitution and allow him to legally run for several more terms as President. Sure this would only entrench Russia’s continuing slide from democracy to dictatorship. Sure the power vacuum left at Putin’s eventual death or retirement could ignite regional and even global stability made all the more dangerous by Russia’s stockpile of unsecured nuclear weapons and their possession of nuclear technology that would be snapped up by many a rogue state.
But with pecks like that, who could I vote against the guy?
10.01.07
The Right Must Fight. (2/2)
Last week, I blogged about the Neoconservative principles behind the Bush Administration’s War on Terror. Specifically, I looked at Neoconservatism as a way of looking at history, and briefly touched on the role that this historiography may play in Bush’s eternal optimism. In this follow-up post, I’d like to delve into Neoconservatism in greater detail, examining what it mean, why it makes sense, and how it works in the real world.
The October 2007 issue of Commentary Magazine examines the nature and ascendency of Neoconservatism in greater detail. Though the whole article is well worth reading, it is rather long. In particular, though, I think it would be useful to reference their definition of neoconservatism in order to have a more robust understanding of what exactly it entails. The author outlines four basic traits of neoconservative foreign policy; which are as follows:
What Neoconservatives Believe
- Neoconservatives are idealistic moralists. They do not subscribe to the doctrine of Realism. They don’t want to create a “balance of power” by reaching compromise with oppressive regimes. They want to bring down communism (Reagan’s “Evil Empire”) an the totalitarianism of rogue nations (Bush’s “Axis of Evil”). They believe that America has a moral obligation to confront tyranny. They believe that the United States is locked in a battle between Good and Evil, and understand foreign policy as a part of this global ideological struggle.
- Neoconservatives are internationalists. They tend to favor international cooperation wherever possible, whether through NATO, the UN, or some other international organization. More broadly, they recognize that the events of one nation or region are not isolated to that nation or region, and that freedom and tyranny tend to spill over into surrounding regions. Thus, they reject isolationism and seek to proactively confront threats abroad, rather than waiting for them to gather insurmountable strength.
- Neoconservatives are hawkish. They believe that military action is often necessary to break down repressive regimes that suppress ideological transformation.
- Neoconservatives are democratic apologists. That is to say, they see the ideas of Freedom and Democracy as inextricably linked. They do not support benevolent dictatorships, but want to establish real self-governance around the world, because Democracy is the only real guardian of Freedom, and the only really moral form of government.
These four basic principles of Neoconservative foreign policy are unmistakably the guiding forces behind Bush’s foreign policy, and his vision for a democratic Middle East. Since September 12th, 2001, President Bush has argued that the United States is locked in an epic struggle against an evil ideology that despises freedom, that we must work proactively to defeat this ideology internationally, that we must do so through our military might, and that we will achieve long-term victory through the Democratization of the Middle East. In President Bush’s vision, the hearts of men and women yearn to be free, and the good ol’ US of A must throw off the tyrannies that prevent their freedom so that they may join the ranks of Democratic nations and promote global peace, stability, and prosperity.
Why Neoconservatism Makes Sense
- This is a moral struggle, and we are on the side of the Good. America is not perfectly Good, and our enemies are not perfectly Evil. But the fight against Communism was a moral struggle against a truly Evil Empire, who trampled on human rights and murdered countless millions. The fight against Islamo-Fascist Terrorism is a moral battle as well. Saddam Huessein was a ruthless and immoral man. The Taliban was a tyrannical, brutally repressive government. We ought not stand aside and allow their ideology to fester.
- This is an unavoidable global conflict, whether we recognize that or not. Islamo-Fascist Terrorists attacked the United States in New York in 1993, in Saudi Arabia in 1996, in Tanzania and Kenya in 1998, and in Yemen in 2000, all before the September 11th attacks. We cannot pretend that we will be left alone if only we keep a low profile. The strength of Islamo-Fascism in one nation threatens to spill over into others. And the establishment of Freedom can open the people’s eyes to an alternative. This is first and foremost an ideological battle, and it is one which must be waged globally if we hope to succeed.
- Military force is often necessary to remove tyrants. Creating a popular demand for democracy does little good if the people are precluded from self-rule by violent dictators. The global spread of freedom necessitates the overthrow of brutal dictators, even through military power. The people of Afghanistan could not be free as long as they were held under the boot of the Taliban. The military power of the United States, working with NATO allies, enabled them to pursue freedom. An entire nation held hostage was delivered.
- Democracy is the best way to preserve freedom and human rights. We may attempt to establish puppet leaders and benevolent, pro-US dictators, but this is often times not really a moral improvement. If the goal is to promote the global recognition of human rights, then we must move being the strategic interests of Realpolitik and strive to offer people a real chance at self-governance.
Neoconservatism represents truly noble goals, and attempts to deal head-on with some very real problems. But is it a tenable solution? Policy, and especially foreign policy, is not really very abstract. Ideas are tested in the Embassies and on the battlefields, and not ultimately in the classrooms or journals of academia. So to really grasp the strength or weakness of Neoconservatism, we need to analyze its basic tenets in light of reality.
Why Neoconservatism Might Just Work
- Freedom is more attractive than tyrrany.
Those who oppose the United States do so with rabid ideological fervor, but they have little to offer the average person on the street. If given the choice between the tyranny of sharia law and the freedom of Western-style democracy, few would choose the former. If this really is an ideological struggle, we are on the winning side.
The transformation of the Anbar province of Iraq is a good example of this. Though once an extremely hostile and violent place, Anbar has become a major success story in the War in Iraq. The common people have turned against the Al Qaeda-in-Iraq insurgency, cooperating with the United States and working toward a Democratic future. Many have scoffed at the idea that the United States can claim credit for the progress in Anbar, since it is the result of a change in the hearts and minds of the local people. But really, isn’t that the point? The transformation of Anbar shows the universal appeal of Democratic freedoms, and shows what can happen once a people reject tyranny.
- The Domino Effect Cuts Both Ways.
Abhorrent ideologies like Communism and Islamo-Fascism may spread regionally, but freedom can do so as well. Success in one region provides an example and a model for those in surrounding areas, and creates and intellectual basis for future transformations.
Early signs after the invasion of Iraq were very promising. The high level of voter turnout within Iraq itself was amazing. More interesting, Democratic progress in Iraq led to local elections in other nations in the region, such as Egypt and Saudi Arabia. The Democratic progress in Iraq created a demand for increased democratic representation among the people throughout the region. A successful democracy in Iraq would be a “City on a Hill” that exposed the tyranny of its neighbors, increasing the people’s desire for liberty and spreading the ideological seeds of Democratization throughout the Middle East.
- Ideological and Military Progress Go Hand-In-Hand.
- Democracy Really Does Work.
It seems as if the Iraqi people are committed to a national, democratic government. Though there are a number of political benchmarks to be met, the people themselves have overwhelmingly participated in national elections, and almost universally oppose partitioning the country into Sunni, Shia, and Kurdish territories. This is especially interesting given the amount of sectarian violence. The people’s commitment to national unity belies the sectarian killings, and gives credence to the argument that a violent minority is exerting power against the wishes of a more peaceful democratic majority.
Unfortunately, the Democratic gains in Iraq have not continued to flourish, or if they have they have been overshadowed by dramatic military losses. Sectarian violence has cast a shadow over many parts of the nation. The insurgent forces have waged an effective war against coalition troops, and sectarian violence has threatened to rip Iraq’s fledgling national government to pieces. This has outstripped the people’s desire for stable, democratic government.
The ideological conflict is really the key to winning the military conflict here. If the people reject extremism and embrace national harmony, and if we have the troop presence to support them, we can stamp out the conflict. The power of the insurgency is in their ability to recruit from disaffected Iraqis, and to strike and then retreat to friendly shelters. If Iraqi people become less disaffected, and if the friendly shelters evaporate, the insurgency will dwindle and die. Commentary Magazine puts it this way:
What is apparent is that most Iraqis want democracy, but their wishes are hostage to a sizable minority of violent recalcitrants, backed by outside force.
This is where the success of Anbar may be encouraging. When the democratic majority turned against the violent minority and assisted the United States in rooting them out, they came to enjoy a far greater measure of peace and stability. This may serve as a model to other regions in Iraq.
The troop surge shows signs of progress. Allocating more troops, and embedding them within Iraqi neighborhoods, has decreased U.S. deaths and diminished sectarian violence. If we do not cut our losses and run away, we may yet stem the violence long enough to see the people of Iraq re-assert their desire for peaceful, stable democracy.
Success in Iraq, and in the global War on Terror, is far from certain. The Neoconservative vision of regional transformation may be irreparably damaged by the success of Islamo-fascist terrorism. Our ideological strengths may be obscured by military defeat, as in Southeast Asia after the Vietnam War. This is a generational struggle, and there will surely be many failures along the way, even if success is eventually attained.
But those claim that the War on Terror is nothing more than a bumper sticker, or say that Islamo-fascist terrorism should be treated as a simple police action, are missing the bigger picture. At its core, this is an ideological struggle between Freedom and Tyranny. It is a moral battle between Good and Evil. It is a battle worth fighting, and one which the enemies of Freedom will continue to fight whether we oppose them or not. We must use our military might to defend our own Freedoms and to extend those same Freedoms to those who are kept enslaved by petty tyrants and repressive ideologies.
The triumph of Good is not assured, but the greatest weapon in our favor is the natural thirst for liberty etched into the heart of each man and woman, if only we can fight to give them the chance to be free.
09.26.07
The Right are Mighty? (1/2)
… with firmness in the right, as God gives us to see the right, let us strive on to finish the work we are in . . . to do all which may achieve and cherish a just and lasting peace, among ourselves, and with all nations. ~ Abraham Lincoln, March 4, 1865.
The Rise (and Fall?) of Neo-Conservativism
President Bush campaigned in 2000 as an isolationist, who did not believe that it was the U.S. responsibility to be global peacekeepers or policemen. After 9/11, however, all of that changed. Since that fateful day, the U.S. has pursued an aggressive foreign policy, not only defending our economic and security interests, but actively seeking to institute democratic regimes around the world, beginning in the Middle East, with Iraq. This belief – that the projection of U.S. Power can promote global stability by planting the seeds of Democracy in foreign soil – is the doctrine of Neo-Conservativism. To quote Bush’s 2nd Inaugural:
The survival of liberty in our land increasingly depends on the success of liberty in other lands. The best hope for peace in our world is the expansion of freedom in all the world. ~ President George W. Bush, January 20, 2005.
From 2002-2004, it seemed as if the Neo-Conservatives ruled Washington D.C. Their idea of promoting Democracy through the military might of the United States was the guiding force of the Bush Administration’s foreign policy. Their ideas predated the Bush Administration, but after 9/11 their promise of global peace through universal democracy and freedom seemed to be the answer to the most pressing questions facing America. A global rebirth of freedom would, they argued, promote the security interests of the United States! After years of supporting tin-pot dictators in defense of national security, here at least we could unite our ideological commitments with our pragmatic concerns! As President Bush said in his Second Inaugural, “America’s vital interests and our deepest beliefs are now one.”
The American people stood firmly behind it as long as it looked like it would be successful. For all the talk of “values voters” deciding the election, it’s worth noting that Bush made gains over his 2000 numbers in virtually every single demographic group. While so-called “values voters” were important, most non-evangelical voters supported Bush in greater numbers than they had in 2004, because they stood behind their wartime President.
However, as the war has dragged on and more Americans have died overseas, the people of these United States have lost their stomach for the conflict. As an intellectual force, Neo-Conservativism is out of fashion. But it still reverberates within the halls of the West Wing, and Bush’s policies and attitudes toward the War in Iraq reflect this still today.
In the face of plummeting public support for the War in Iraq, the Bush Administration has stayed the course, seemingly inflexible, unchanging, and unwilling to learn from their mistakes. Bush seems unflappably optimistic, convinced that temporary set-backs will not forestall eventual U.S. victory and the democratic transformation of the Middle East. Many consider this a mark of stupidity. In reality, this optimistic outlook makes perfect sense within a Neo-Conservative intellectual framework.
In short, President Bush and his Neo-Conservative advisors are confident that we will win, because we are right.
The (Inexorable?) End of History
It is impossible to understand Neo-Conservative doctrine without doing so in light of the post-Cold War environment. Many leading NeoCon thinkers and officials were movers and shakers during the West’s prolonged conflict with the U.S.S.R., and their ideas were formed against that historical backdrop.
This historical perspective is really crucial because Neo-Conservativism depends on a certain linear view of history. In the minds of Neo-Conservativism, history is not a random series of events, the conjunction of this person and that in a particular time and place, write large over millennia. Rather, Neo-Conservatives tend to hold to a more Hegelian dialectic view, that history has a story, a purposefulness, an “end.” (That is, a telos, not a literal termination point.)
Probably the best example of this view is Francis Fukuyama’s 1992 book, The End Of History, And The Last Man. In it, he maintains that the 20th century was a grand ideological battlefield, on which political systems were developed, tested, and discarded. Monarchy, Facism, Totalitarianism, Communism, and Democracy have all had their day in the sun. After the fall of the Berlin Wall and the collapse of the Soviet Union, Fukuyama argues, the verdict is definitively in: Liberal Democracy wins. The ideas that individuals have certain inalienable rights, that governments exist for the people, and that the state should derive its power from the consent of the governed, is Fukuyama’s “End of History”.
Ideological Inevitability
This perspective leads to a couple of implications:
First, President Bush understands the battle with Islamo-facism as an ideological conflict, rather than a merely military action. Success doesn’t come through killing our enemies or conquering their lands. Success in this conflict through conquering their hearts and minds. The War in Iraq isn’t about beating the insurgents physically. It’s about discrediting their system of thought in the eyes of the Iraqi people, and providing enough stability and security to allow the Iraqi people to establish self-governance based on freedom and human rights.
Second, President Bush believes that Democracy will – must – win this conflict. The success of Liberal Democracy is inevitable given human nature. It’s not necessarily that God is watching out to make sure that the Good Guys win. Rather, mankind naturally cries out for freedom, and given the ideological choice between the two, Freedom will always prevail. As President Bush said in his recent speech to the Veterans of Foreign Wars:
The greatest weapon in the arsenal of democracy is the desire for liberty written into the human heart by our Creator. So long as we remain true to our ideals, we will defeat the extremists in Iraq and Afghanistan. We will help those countries’ peoples stand up functioning democracies in the heart of the broader Middle East. And when that hard work is done and the critics of today recede from memory, the cause of freedom will be stronger, a vital region will be brighter, and the American people will be safer.
To Be Continued…
This provides the intellectual framework within which we should try to understand Bush’s foreign policy, especially the War in Iraq. But what are the strengths and weaknesses of this approach? And how is it working out in the real world? I will explore these more specific, practical question in greater depth soon.
09.21.07
The Rationality of Irrational Investments
In his recently-released book, and in interviews to promote said book, retired FED Chairman and economic “maestro” Alan Greenspan takes a swing at the irrationality of investors, specifically during times of rapid economic growth or decline. Money-quote:
Greenspan also turned to psychology and anthropology for explanations of economic irrationality. The erratic behavior of investors during and after bubbles—excessively exuberant on the upside, unwarrantedly pessimistic and fearful on the downside—continuously confounds economists. . .“There’s a long history of forgetting bubbles,” he writes. “But once that memory is gone, there appears to be an aspect of human nature to get cumulative exuberance.” When the bubble inevitably breaks, as reality fails to meet expectations, “the result is a dramatic 180-degree switch from exuberance to fear.”
These “bubbles,” such as the dot-com bubble of the late 1990s and the housing bubble that has recently begun to deflate, can cause rapid economic growth, but at the expense of fiscal stability. Investors all jump onto the same bandwagon, driving up prices and pouring in money until it reaches a level that is simply not sustainable. Investors are [i]too[/i] excited during times of rapid growth, and [i]too[/i] fearful during times of rapid decline, and these wild shifts in moods only exarcerbate the problems of investment bubbles. From a macro-economic perspective, this just doesn’t make sense.
Greenspan’s conclusion from this is that investors are irrational, acting emotionally, and not intelligently. In summarizing his position, MSNBC writes:
The ultimate rationalist seems to have concluded that fear, resistance to change, exuberance and human limitations play a bigger role than expected in economic development. And he recognized that economists have proven so human—i.e., fallible—in their forecasting because the force actually driving the economy is humans who are prone to act on emotion rather than reason.
Part of the problem here is that investors are pursuing short-term personal gain, and give little thought to how their actions impact the broader economic health of the U.S.. From a macro-economic level it makes little sense to create and sustain bubbles, or to yank out assets when the bottom falls out of the investment sector. As far as Alan Greenspan is concerned, that is foolish bevaiour because it is not good for the economy overall.
But for the individual investor, it is hard to resist the benefits of an investment bubble even if their actions will hurt the broader economy in the long-run. No individual investor has enormous control over the economy, and so no individual investor feels a sense of responsibility for the overall economic health of these United States. Any given individual investment has no real impact on the broader economy, but can have a huge impact on the investor. Each investor has an incentive to take a slice of the pie, but no responsibility for it, since they are only one tiny part of a much broader economic system, and their choice won’t make any real difference one way or another. Because of this, investors make their choices on the basis of rational self-interest, seeking to maximize personal profit.
So while this investment pattern seems irrational from a macro-economic perspective, it may be the product of perfectly rational individual decisions. The problem lies in the fact that the decision is replicated millions of times, and what makes sense for the individual becomes catastrophically unsustainable for the economy as a whole.
09.17.07
Politically confused.
I am a Republican, and loyally so. I have great affection for the Grand Ol’ Party. I love Ronald Reagan, and think that Democrats are, by and large, the “bad guys.” But these emotional attachments don’t necessarily translate into corresponding policy views, which leaves me wondering where I lie.
The nature of partisan politics
The party establishments tend to hold opposing and divergent views on almost everything. This is caused by their divergent constituencies, and is dramatically worsened by fierce antagonism between the parties, which accentuates those differences and makes compromise virtually impossible.
The GOP establishment depends on corporate fat cats, upper-middle-class suburbanites, rural rugged individualists, and angry evangelicals for support. In order to win in primary elections, Republican candidates have to adopt positions that appeal to these voters, sounding ‘tough,’ ‘fiscally responsible,’ and ‘values-oriented.’ A “real” Republican must be pro-life, pro-gun, anti-illegal immigration, hawkishly pro-war, anti-environment, and no matter how low taxes are already, they can always be cut again!
Democrats, on the other hand, must answer to a myriad of interests all their own. Labor unions, feminists, environmentalists, the GLBTetc lobby, anti-war doves, and the urban poor, especially among minorities. This leads to a whole host of policy commitments that most democrats must honor if they hope to be successful. While some pro-life, pro-gun Democrats may be successful in Congressional elections in states like Tennessee, they often find themselves snubbed by their national caucuses, and could never succeed at the national (Presidential) level.
To make matters worse, these groups don’t really like each other very much, which leads to reactionary policy-making. If the Democrats propose an idea, Republicans will often oppose it regardless of its merit, or vice versus. Additionally, niche groups within the party will adopt the political views of the party that extend beyond their niche, so that evangelical Christians borrow the economic policies of the corporate fat cats, simply because the opposing economic views are held by the “other team.” For this reason, people whose moral convictions cause them to be pro-life are also, by extension, anti-tax, anti-welfare, and pro-gun. We have these bizarre groupings of tangentially-related interests in place of a consistent political ideology, wherein the economic libertarians are married to the socially fascist, and the social libertarians are in bed with the economically socialist.
So where does that leave me?
I am a very partisan man. I really do like the Republican party. At some level, politics is an exciting game, and I want “my team” to win. But while this makes for engaging (if sometimes soul-destroying) political showmanship, it almost certainly makes for bad, inconsistent policy. The fact of the matter is, I am not in lock-step with the GOP. On a whole host of issues, I might break ranks with my party and try to find common ground with the Democrats. On some issues, I just think that the Democrats have it right, and the GOP needs to get its head on straight.
So how does that work? As a political non-entity outside of the power and influence of the Beltway, I suppose it doesn’t matter what I think. I can borrow ideas from both sides without anybody really caring. And when it comes to selecting a candidate, I just have to choose which issues I care about more passionately. Do I suppose the candidate who shares my social views, or my economic views?
It’s just a darn shame that a candidate can’t succeed in this political climate without spreading divisiveness and vitriol. It’s a shame that a candidate can’t transcend constituencies and seek meaningful compromise on important issues. Well, maybe he can, but we’ll see how successful he is.
Policy laundry list
Economic policy
I am in favor of a guest worker program (call it “amnesty” if you want), with or without securing our borders.
I am opposed to universal health care, especially of the nationalized variety.
I do, however, support Bush’s plan to make all medical insurance costs tax-deductible, whether through an employer or not, and may even support a Massachusetts-style plan to mandate health care coverage, with limited government subsidies.
I also support Bush’s approach to social security reform, though I may also consider lifting the $90,000/year cap on FICA-eligible earnings in order to increase the pot. Regardless, the Democratic head-in-the-sand approach to Social Security reform is as shameful as it is asinine.
I think that sometimes we honestly just need to raise taxes, or at least stop cutting them. Deficits are sad.
Social policy
I am ardently pro-life. This is a (the?) big one for me.
I don’t have a problem with affirmative action, gay marriage, or sex education in public schools.
I don’t believe in an innate right to bear arms, and generally favour gun control, though it’s probably best left to localities where possible since NYC and KY have rather different threats and needs.
I oppose the death penalty, Megan’s Law, Jessica’s Law, and a whole host of other wrong-headed anti-crime bills that are based more on anger than on common sense.
Security policy
I am opposed to torture in all instances, and support the legal rights of the very worst in society.
I hold to a fairly Neo-conservative foreign policy, and think that withdrawing from Iraq would create a situation so violently awful that it would make Darfur look like Disneyland.
I think that the UN is generally a good thing.
I believe that Globalization leads to greater security through greater economic interdependence, provided that our bilateral investments are diversified.
I believe that the United States probably isn’t doing enough to engage in the ideological, intellectual struggle against Islamo-fascism.
In conclusion
I support John McCain for President, because he isn’t a partisan hack. The man is the Real Deal, a principled Statesman who holds firmly to his beliefs even when it hurts him politically (see immigration reform), and is willing to stand up for what’s right to Democrats and Republicans alike (see torture). But he is a man who is willing to meet in the middle, to try to reach meaningful bipartisan compromise on the details wherever possible. He’s a man who understands what is at stake in the Global War on Terror, and can be trusted to be an effective Commander-in-Chief.
Sadly, I suspect that a Statesman cannot succeed in the modern political climate.
09.12.07
Things to do before I die…
I’m not an ambitious man. I don’t have a lot of lofty dreams and aspirations. But before I die, I would like to accomplish the following:
a) Meet Senator Chris Dodd.
b) Ask for his autograph.
c) Look at his signature and say, in a disappointed voice, “you’re not Newt Gingrich?”
Honestly, I’m convinced that they are the same person. I don’t know why we’ve been too blind to see it before! Gingrich clearly uses the Dodd persona to hide his real identity! As Superman hides behind Clark Kent, so Gingrich hides behind Dodd.
Take One Christopher Dodd:

Now imagine him without the glasses and the severe scowl that he uses to disguise his true identity. (After all, it’s a well-known fact that conservatives are happy.) You know what you get?

There you have it, ladies and gentleman: the truth about one of the great conspiracies in American politics. And remember, you read it here first! I can only hope that one day I will have the privilege to “unmask” Sen. Dodd myself.
Edit: On further reflection, it occurs to me that most members of Congress look relatively similar. Something about being a bunch of fat, old, rich, white men.