It just seems remiss for a geopolitical blog not to have something to say about the Plague Year, and yet...
I'm not really sure WHAT to say.
It seems that this is sort of inevitable; human history has been punctuated by pandemics, going back to the Plague of Athens in the 5th Century BCE. At one time epidemic disease was so common as to be nearly unremarkable - who even remembers the Third Cholera Pandemic which tore through the globe killing millions? - but that through advances in public health and medicine we've gone over a century without a genuinely frightening pandemic.
Is COVID-19 that frightening pandemic?
It's dangerous, that we do know. But how dangerous? There's still some big questions. The PRC, where it seems to have originated by animal-to-human transmission much as many other historical pandemics have (note that this is in no way some sort of accusation of biowarfare or aspersion of blame; southeast China is simply one of the world's largest concentrations of domestic animals - largely chickens and pigs from which many (and almost all influenza) viruses are incubated - and humans who come in contact with those animals, and trade routes), has 1) a sketchy record of lying about its internal affairs, and 2) tremendous motivation to lie about the course of this disease. I have a hard time believing that it's genuinely eradicated inside the PRC. Russia has a hell of a long land border with China, and, yet, we know nothing about the presence or virulence of this infection there.
The real problem here is that the data we're working off is so poor. On one hand the London study suggests that nothing short of extreme public closures - workplaces, public spaces...almost any and all public gathering places - will reduce the degree of infection to a manageable level.
On the other, our information level is so low. As noted, the PRC is not a reliable witness, much of the other polities infected are having the same issues with the level of testing that US is having, and we have some datasets that suggests that this disease may not be as deadly as we fear.
If it isn't, and we lock down much of the global economy for a year or more..?
I think we need to prepare for, and treat this, like it is a potential disaster.
But I'm willing to be convinced otherwise.
So consider this an open thread to discuss; what do you think..?
Showing posts with label global economy. Show all posts
Showing posts with label global economy. Show all posts
Friday, March 20, 2020
Thursday, December 18, 2014
Russia's position gets a little more...interesting
Back in August (when the Guns of August were thundering in the eastern parts of was still nominally "Ukraine") Al wrote about the Curious Case of Russia. He noted that:
Well.
I'm kind of intrigued by this for several reasons.
One is that it tends to reinforce my suspicions that the rump-Soviet state is, in fact, what I called it back in August: "...a lot of the Soviet weaknesses...overlaid...with 1) a thicker layer of corruption and 2) an excessive, almost-Nigerian-level of extraction resource dependency." The Post article makes an interesting point, that:
The other is that it gives me a nasty little cat-smile remembering all the Usual Idiots who were fulminating about how manly Vladi Putin was and how the United States needed a sharp dose of his shirtless manly manliness to counteract the emo-girly-man Kenyan Usurper.
To quote O'Brien from the Post: "At this rate Putin will be riding around shirtless because he can't afford one anymore."
Perhaps the single most worrying part about this is the reminder that Russia - still a major Eurasian power and a nuclear one at that - is neither stable nor as powerful as it thinks it is.
This isn't to talk up my own country, whose political response to the Great Recession has been to double- and triple-down on the great shift to oligarchic meanness and stupidity that characterized the fucking Hoover Administration, but to note that for all that my country seems to be overrun with morons who think that "government is the problem" that if you deliberately set things up to govern badly it will be badly governed.
And that after a bad government the more-worse idea is to turn the levers of power over to a bunch of rich pricks whose only concern is their own profit. That's the sort of thing about the incoming Republican Congress (as expressed recently in the loathsome Wall Street Welfare rider to the cromnibus spending bill...) that makes me sleep poorly at times.
But I don't think I'd be sleeping nearly as well if I lived in Gdansk, or Tallinn.
"The Cold War was primarily a standoff between two military powers. The Soviet impact on, and involvement in, the world's economy was negligible. Probably one of the major reasons the USSR collapsed. It was Soviet military, and the resultant political power, that we wanted to keep in check. We are now dealing with a new Russia, and that new Russia has become an economic player far greater than the old Soviet Union. Now, when Russia rattles it's political saber, there are economic ramifications of concern. Yet we still seem to be stuck in the Cold War mentality that Russia is always to be opposed."and quoted an editorial from one of the Athenian newspapers that in their opinion "...a "stable and powerful Russia" is a key ingredient to global economic security."
Well.
I'm kind of intrigued by this for several reasons.
One is that it tends to reinforce my suspicions that the rump-Soviet state is, in fact, what I called it back in August: "...a lot of the Soviet weaknesses...overlaid...with 1) a thicker layer of corruption and 2) an excessive, almost-Nigerian-level of extraction resource dependency." The Post article makes an interesting point, that:
"There's one way, and only one way, that this ends: with capital controls. Or, in plain English, by making it illegal for people or companies to turn their rubles into foreign currency. That would get rid of the selling pressure, and let the ruble settle at a new, lower equilibrium. Putin, though, is loath to use capital controls, because his political base—the oligarchs—wants to move their money abroad, whether that's to their London or New York hideouts."So the "tyrant" is an economic hostage to his political condotierri, another little reminder of the old saying about doing anything with bayonets (or in this case, the long knives of your criminal crony-capitalist "pals"...) except sitting on them.
The other is that it gives me a nasty little cat-smile remembering all the Usual Idiots who were fulminating about how manly Vladi Putin was and how the United States needed a sharp dose of his shirtless manly manliness to counteract the emo-girly-man Kenyan Usurper.
To quote O'Brien from the Post: "At this rate Putin will be riding around shirtless because he can't afford one anymore."
Perhaps the single most worrying part about this is the reminder that Russia - still a major Eurasian power and a nuclear one at that - is neither stable nor as powerful as it thinks it is.
This isn't to talk up my own country, whose political response to the Great Recession has been to double- and triple-down on the great shift to oligarchic meanness and stupidity that characterized the fucking Hoover Administration, but to note that for all that my country seems to be overrun with morons who think that "government is the problem" that if you deliberately set things up to govern badly it will be badly governed.
And that after a bad government the more-worse idea is to turn the levers of power over to a bunch of rich pricks whose only concern is their own profit. That's the sort of thing about the incoming Republican Congress (as expressed recently in the loathsome Wall Street Welfare rider to the cromnibus spending bill...) that makes me sleep poorly at times.
But I don't think I'd be sleeping nearly as well if I lived in Gdansk, or Tallinn.
Friday, April 26, 2013
Terrorism Abroad

In case you were taking a break from domestic news and wondering who's killing innocent people overseas, well, in Bangladesh it's mostly the people working for Bennetton, the Gap, and J.C. Penney;
"The plan would ditch government inspections, which are infrequent and easily subverted by corruption, and establish an independent inspectorate to oversee all factories in Bangladesh, with powers to shut down unsafe facilities as part of a legally binding contract signed by suppliers, customers and unions. The inspections would be funded by contributions from the companies of up to $500,000 per year.Well, I, for one, am glad that our corporate "citizens" are not knuckling under to the tyranny of those irresponsible Bengalis who seem to hold the misguided belief that things like workplaces that don't collapse or catch fire are some sort of "right" rather than a privilege of being in a Free Market.
The proposal was presented at a 2011 meeting in Dhaka attended by more than a dozen of the world's largest clothing brands and retailers — including Wal-Mart, Gap and Swedish clothing giant H&M — but was rejected by the companies because it would be legally binding and costly.
At the time, Wal-Mart's representative told the meeting it was "not financially feasible ... to make such investments," according to minutes of the meeting obtained by The Associated Press."
I'd have more to say but there's a terrific sale today down at Wal-Mart, and I have got to pick up a pair of Levis; always low prices there, y'know?

Always.
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