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Showing posts from July 21, 2024

1984-2024

‘ The decaying American empire ’ argument is disputable. The comparison with the collapse of the Soviet Union misses the different economic structures of the two countries. The US economic power has not been experiencing a long term stagnation, for example.  Actually, the argument should be the way around: in 1980s there was no ‘whip of external necessity’ compelling the US to outcompete the Soviet Union. The latter was not an economic threat to the US. Today China is the ‘external whip’ but to an already more powerful American economy – a dynamic one in terms of capital-intensive industries, productivity and an array of industrially-advanced allies and subordinates.

Quote of the Week: Justice

  'Justice?' The colonel was astounded. 'What is justice?' 'Justice, sir –' 'That's not what justice is,' the colonel jeered, and began pounding the table again with his big fat hand. 'That's what Karl Marx is. I'll tell you what justice is. Justice is a knee in the gut from the floor on the chin at night sneaky with a knife brought up down on the magazine of a battleship sandbagged underhanded in the dark without a word of warning. Garrotting. That's what justice is when we've all got to be tough enough and rough enough to fight Billy Perolle. From the hip. Get it? —Joseph Heller,  Catch-22