Looking back and looking forward, politically speaking?
The political year is starting to wind down.
Here’s our place to discuss politics.
Any political thoughts this week?
Any politics on your mind?
Let’s discuss politics.
Let’s talk politics. Here’s a starter topic from WCE.
The Working Hypothesis:
…But what if people’s ability to produce matters more than how much they can consume? That ability cannot be redistributed. And what if smaller losses for those at the bottom of the economic ladder are much more consequential to them than the larger gains for those already on top? Under those conditions, rising GDP will not necessarily translate into rising prosperity.
Such considerations have deep implications for society’s longer-term trajectory. Even if gains exceed the costs initially, what happens if the losses undermine stable families, decimate entire communities, foster government dependence, and contribute to skyrocketing substance abuse and suicide rates? Such considerations have deep implications for society’s longer-term trajectory. What if the next generation, raised in this environment, suffers as well—perhaps reaching adulthood with even lower productive capacity? What if, in the meantime, cheap capital from foreign savings has fueled enormous increases in government and consumer debt, while the industrial policies of foreign governments have left the American economy with fewer opportunities to create well-paying jobs for less-skilled workers? Such costs show up nowhere in GDP—at least initially. Sadly, they appear to have been much more than hypothetical, and have proved much costlier than anyone imagined.
The explanation for why economic piety steered the nation off course, and the roadmap to recovery, are encapsulated in what I call the Working Hypothesis: that a labor market in which workers can support strong families and communities is the central determinant of long-term prosperity and should be the central focus of public policy.
Alongside stable political institutions that protect basic freedoms, family and community provide the social structures necessary to a thriving society and a growing economy. Those institutions in turn rely on a foundation of productive work through which people find purpose and satisfaction in providing for themselves and helping others. The durable growth that produces long-term prosperity is the emergent property of a virtuous cycle in which people who are able to support their families and communities improve their own productivity and raise a subsequent generation able to accomplish even more.
full essay can be found here.
Today we honor and thank veterans who have served in our armed forces.
The day the guns fell silent
At 11 a.m. on Nov. 11, 1918, bugle calls ended the ‘war to end all wars.’ After four years of carnage, you could hear the ticking of a watch.
Sgt. Robert Cude remembered that the bugle call, “Stand Fast” — cease fire — sounded across the foggy landscape of the British lines that morning.
The American motorcycle courier Leon George Roth noted that in the sudden quiet, he could hear his watch ticking.
Near the Moselle River in northeastern France, recording equipment that had been tracking the thunder of artillery flatlined.
It was 11 a.m. on Nov. 11, 1918 — a century ago Sunday — the 11th hour of the 11th day of the 11th month.
Now called Veterans Day in the United States, it was the end of World War I, the Great War, which had killed and maimed millions of people and turned parts of Europe into a wasteland.
It was the end of four years of unimaginable calamity.
What else is on your mind this week?
Our starter topic comes courtesy of Rocky Mountain Stepmom.
(Spoiler alert: Yes.)
By Susan Moller Okin, one of the very best Anglo-American feminist theorists of the late 20th – early 21st century. I just learned today that she died in 2004 at age 57, and I am sad about that. The article is rather long, but very readable and clear. She was always a clear, thoughtful writer.