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Archive for the ‘Politics’ Category

J.S. Mill Bicentennial

Posted by erweinstein on May 20, 2006

Today, May 20, marks the 200th anniversary of the birth of John Stuart Mill. I’m sure that I don’t need to extol the greatness of Mill to this audience, but we should all take the opportunity to learn more about the philosophical inspiration for Mankind Minus One [the now-defunct group blog to which I previously contributed].

In honor of the occasion, Catallarchy has a series of essays on Mill. Roger Scruton, willfully disregarding the history of economic and political thought, attacks Mill in this op-ed, as he believes that Mill’s defense of minority rights and opposition to senseless traditions paved the way for the greatest excess of the sham “liberalism” of the Twentieth Century. Andrew Sullivan offers a terse and insightful response here. Finally, at the Library of Economics and Liberty, Professors David M. Levy and Sandra J. Peart have written essays discussing the leading role of Mill and other classical economists in the British antislavery and anti-racism movements.

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Israeli Elections 2006

Posted by erweinstein on March 29, 2006

On Tuesday March 28, the citizens of Israel voted in what was arguably one of the most important general elections in the nation’s history. With a record low voter turnout, the centrist Kadima Party secured a plurality with 28 of the 120 seats in the Knesset (Israeli parliament). Kadima, led by Acting Prime Minister Ehud Olmert, was widely expected to win, but its base of support has narrowed sharply over the past few months. Kadima founder and then-Prime Minister Ariel Sharon was incapacitated by a massive stroke on January 4 and remains in a coma, and while Olmert initially maintained and exceeded Sharon’s poll numbers, Kadima’s popularity has fallen since then. Despite their victory, Tuesday’s results were particularly disappointing for Olmert and his allies, as voter-intent polls in January showed Kadima winning over 40 Knesset seats, and polls from earlier this week suggested that Kadima would win 34 seats.

The Israeli Labor Party, under its new leader Amir Peretz, earned 20 Knesset seats. The Likud Party, Labor’s traditional rival and Israel’s largest party before its former leader Sharon broke away to found Kadima in November, won only 11 seats. Former Prime Minister Benjamin Netanyahu, who masterminded the internal Likud rebellion that forced Sharon and others in favor of the continued removal of Jewish settlers from Palestinian lands to leave the party, had the dubious distinction of leading Likud to the worst showing in party history. The religious (Orthodox Jewish) Shas Party won 13 Knesset seats and Israel Beiteinu, a socially conservative party whose support has traditionally been limited to Jews of Russian ancestry, won 12 seats. Surprisingly, a the Gil (Pensioners) Party, which has little political ideology except increased spending on senior citizens, won 7 seats.

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Fall of a Titan

Posted by erweinstein on January 4, 2006

On Wednesday night, Israeli Prime Minister Ariel Sharon suffered severe cerebral hemorrhaging. At Jerusalem’s Hadassah Ein Kerem Hospital, Sharon was placed under general anesthesia, and he underwent a six-hour life-threatening operation, as well as a follow-up operation Thursday morning, to stop the bleeding. These procedures appear to have been successful, but doctors are keeping Sharon in an induced coma. Sharon’s vital signs are stable, but he has experienced brain damage, the amount of which cannot be verified until he is conscious.

Professor Shlomo Mor-Yosef, the hospital’s director, has refuted rumors that Sharon is dead, and has pointed out that Sharon’s pupils are responding to light, suggesting that some (perhaps much) brain function remains.

Upon Sharon’s anesthetization, his governmental powers were transfered to Finance Minister Ehud Olmert, who will serve as Interim Prime Minister of Israel, possibly until Israel’s March 28 election. Sharon had a minor stroke on December 18 (apparently caused by a congenital heart defect), and he had been scheduled to undergo heart surgery today to prevent further such strokes. He had planned to temporarily transfer power to Olmert and return to work following the surgery, but it is now uncertain if Sharon will ever be physically and mentally capable of serving in public office again.

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Ben Bernanke nominated to replace Greenspan

Posted by erweinstein on October 24, 2005

President Bush has nominated Ben Bernanke to replace Alan Greenspan as the Chairman of the Federal Reserve Board of Governors. Bernanke is the Chairman of the White House’s Council of Economic Advisers and a former member of the Fed Board of Governors. He is considered to be one of America’s foremost monetary theorists, surpassed only by Greenspan and Greenspan’s predecessor Paul Volcker.

After the farce that is the Harriet Miers nomination, Americans of all political stripes should be breathing a collective sigh of relief. While his personal party affiliation is Republican (as was Greenspan’s before his nomination to the Fed), Bernanke is an academic economist, not a political operator, and it is highly unlikely that he would risk the nation’s economic stability for short-term political gain. Bernanke also has stronger credentials in matters of monetary policy than the others rumored to be on the president’s list to succeed Greenspan. For example, R. Glenn Hubbard, a Columbia professor and former Council of Economic Advisers Chairman, is an expert in the field of corporate finance, but he is less distinguished in monetary matters than Bernanke. If confirmed, Bernanke is likely to broadly continue Greenspan’s policy choices. Two important differences, which can be inferred from his time as a Fed governor, are that Bernanke possesses a greater understanding of the symbolic (i.e., media) importance of the Fed Chairman, and that he has a desire to increase the amount of debate and dissent during Fed meetings. As many people consider the Fed Chairman to be the second most powerful person in the US government, the ability to avoid media frenzy and the willingness to address criticism are qualities that should serve Bernanke very well.

 

UPDATE: This post, at its original home of www.mankindminusone.com, was cited by the Blogpulse Newswire.

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The IRA Disarms

Posted by erweinstein on September 26, 2005

I have to admit that I was skeptical when the Irish Republican Army announced on July 28 that its leaders had “formally ordered an end to the armed campaign” and instructed its military units to “dump arms”. While the Northern Ireland peace process sounded like it was on the right track, this declaration was hard to take at face value given that only seven months earlier, the IRA was implicated in a massive bank robbery. However, as the BBC reports, the independent committee overseeing the disarmament announced today that the IRA has completed its weapons decommissioning..

This important step cannot even begin to redress the tragic history of violence, repression, and recrimination in Northern Ireland. Protestant voters in Northern Ireland have made it clear that they will not simply trust the IRA to be on its best behavior. The rise of the Reverend Ian Paisley as the Unionist leader demonstrates that the Protestants are unwilling to continue to cooperate with the IRA and its political wing Sinn Fein without receiving something substantial in return. Unionists are right to be concerned that the IRA has not eliminated all of its military capabilities (the IRA destroyed the arms that it has stockpiled over the years, much of it purchased from the Libyan government, but IRA members can still construct improvised explosives or purchase new weapons). However, the IRA and Sinn Fein should be commended for taking a large step in the direction of peace. With luck, the disarmament of the (comparatively smaller) Unionist military outfits will follow later this autumn. Regardless of one’s sympathies regarding this contentious issue, everyone should be striving for a day when the question of Northern Ireland’s status can be resolved without the use of paramilitary groups. As British Prime Minister Tony Blair said in response to the disarmament report,

Today may be the day that peace replaced war, that politics replaced terror, on the island of Ireland. It is what we have striven for and worked for throughout the eight years since the Good Friday Agreement. It creates the circumstances in which the institutions can be revived.

Perhaps Blair is a little overly optimistic, but hopefully, he is not too far off the mark.

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Conservatives for Daley

Posted by erweinstein on September 12, 2005

I have great respect for Richard M. Daley, the Mayor of Chicago, unless and until he is directly linked to criminal activity. In contrast, I don’t like Senator Dick Durbin (D-IL, and House Minority Whip). His voting record is extremely partisan, even for a party leader. Durbin’s predecessor, the late Senator Paul Simon (not to be confused with the musician Paul Simon), had pronounced libertarian leanings and immense political courage to back up the often-strident leftist positions he took. While Durbin never misses an opportunity to oppose “Republican” ideas such as tax reform, Simon made an effort to learn about and even intelligently debate flat taxes and value-added taxes. Durbin just takes the party line and shoots down ideas like these; unlike Simon, it’s actually his job to intimidate Democratic senators who are willing to cross party lines for the benefit of the American people. I won’t discuss Durbin’s comments on the Senate floor comparing US soldiers to some of the Twentieth Century’s most heinous mass-murderers, and his subsequent apology, except to raise two small points: 1) As my friend Max brought to my attention, Daley had a large role in persuading Durbin to apologize. 2) No one knows better than Daley that Illinois is scandal-ridden enough and doesn’t need to be the center of nationally rancorous issues such as Durbin’s comments.

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Hurricane “Price Gouging”

Posted by erweinstein on September 4, 2005

I have heard references on both CNN and Fox News to the “price gouging” that occurred before and after the disaster of Hurricane Katrina. The Office of the Attorney General of Florida has issued notices reminding citizens that price gouging is illegal and that suspicions of price gouging should be reported via the state hotline.

However prevalent it may be, the common understanding of “price gouging” is inaccurate because it ignores the principles of economics. “Price gouging”, is an emotionally charged term for a process that, unless it involves fraud, is essential to the national well-being. Two articles written in response to last years devastating Florida hurricanes, one by journalist David M. Brown and the other by world-renowned economist Thomas Sowell, explain the popular misconception.

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