24 Mar

NYTimes.com – The Austerity Delusion

What do these events have in common? They’re all evidence that slashing spending in the face of high unemployment is a mistake. Austerity advocates predicted that spending cuts would bring quick dividends in the form of rising confidence, and that there would be few, if any, adverse effects on growth and jobs; but they were wrong.

It’s too bad, then, that these days you’re not considered serious in Washington unless you profess allegiance to the same doctrine that’s failing so dismally in Europe.

via NYTimes.com – The Austerity Delusion. We have to avoid being like Europe so we’ll do what Europe did but it’ll turn out differently for us.

11 Dec

The Economist – Another WikiLeaks inkblot: American exceptionalism, American hypocrisy

The more plausible that line of thought sounds to you, the more WikiLeaks will strike you as something akin to a terrorist enterprise. But the more you see a hegemonic America as a problem and not a solution, the more WikiLeaks will strike you as a welcome check on a dangerous, out-of-control hyperpower drunk on its own good intentions. In that case, it may seem that the American political establishment and the collaborating media has grown blind to the hypocrisy so clearly apparent to others in its approach to WikiLeaks because it has forgotten that freedom and democracy have meaning apart from their role in justifying the operations of the far-flung secret-shrouded state.

via The Economist – Another WikiLeaks inkblot: American exceptionalism, American hypocrisy. This is probably the best explanation as to why the Wikileaks story is so polarizing.