The New Economics

Changing culture of world economics. What began in 2017 as the Trans-Pacific Partnership, a trade/cultural liaison between eleven nations, has become the new standard for international trade in the future (street name: supply chains). Yesterday the New York Times wrote “There may well be a fracturing of the world into economic blocs, as countries and companies gravitate to ideological corners with distinct markets and pools of labor.”

The difference in the 21st century is the binding power of the Internet. A good example is the impact on Russia as the entire European Union, currently dependent on Russia for 80% of its oil and gas, has signed an agreement to depend on sources other than Russia. This could not be done so quickly without the tools of social media, the ‘Cloud’ and satellite integration.

Further, culture plays a larger role than it did in the last century: democracies are uniting around other democracies; similarly, autocracies are uniting as well (e.g., China’s Belt and Road Initiative). One of the unresolved issues in future economics is the impact of global warming – today more than half of all nations have failing economies that cannot carry the impact of climate change. Somewhere in the shadows the rich nations will have to make economic shifts in priorities, e.g., in current tax imbalances, discounted trade agreements and larger support of the International Monetary Fund (IMF). Guru suggests this conflagration of shifts will make three nations the owners of all meaningful supply chains: United States, China and India.

Referencing again the New York Times quote, their term ‘fracturing’ suggests many troubling but small nations may be at the center of high energy confrontation. For example, Cuba, Taiwan, Mexico, Venezuela, Iraq, Nigeria, Myanmar, etc. Other medium-sized nations like Hungary, Greece and Brazil will use politics to gain favorable economic relationships between supply chains.

Ancient Mariner

A Topsy-Turvy World

Imagine the disruption caused to Ukraine society by Putin’s war. Then remove the physical destruction by the military but retain the confusion, the lack of understanding about what is happening, the confusion of not knowing what is right and true. Welcome to America.

The United States citizen struggles with rising totalitarianism, is confused by the mindset of authoritarian logic in a democratic nation, dodges cultural conflict between church and state, and wanders in a land without public rules for common behavior. Even corporate America is taking exception to governments that willy-nilly legislate new ethical standards without checking the greater social mindset:

֎ Axios reports: It’s a rare event when a change to a company’s insurance benefits makes news. But that’s what happened this week when Citigroup mentioned in a regulatory filing that it would cover travel expenses for U.S. employees seeking abortions.

Citi appears to be one of the first public companies to officially update its employee healthcare policy in response to the changing legal landscape.

Apple, which has a big presence in Texas, confirmed to Axios that its health insurance policies cover abortions, including travel fees if needed.

֎ Gallup contributed that it may be difficult to think much about the concept of happiness in troubled times like these, with a war raging in Ukraine and the world still battling its biggest health crisis in a century.

But this year’s World Happiness Report — released on Friday — shows these tough times have led to more people helping others. And this surge in benevolence may actually end up making the world a happier place in the long run.

The annual report, which relies heavily on Gallup World Poll data, documents strong growth in three “acts of kindness” during the pandemic: helping strangers, volunteering time to organizations and donating money to charities. The percentages of people who said they engaged in these activities increased in every part of the world — exceeding their pre-pandemic levels by almost 25%.

֎ Axios went further to note why it matters: We often celebrate those who break things, invent things or build things with bravado. But the author has learned more studying two men of uncommon modesty: Mikey and the late Fred Rogers, a.k.a. Mister Rogers.

Mike is a two-time founder, Politico and Axios, and was featured on the cover of The New York Times Magazine as “The Man the White House Wakes Up To.”

“Mister Rogers’ Neighborhood” spanned 1,000 episodes — at the time, the longest-running and most popular children’s program.

Keep the faith

The two are eerily similar in subtlety and selflessness. Their common gifts do not come easily to most:

Authentic humility. There’s a total absence of look-at-me, spotlight-seeking you see in others. They position themselves as servants or beneficiaries, not superiors. They both make others feel in conversation like the most important person in the world.

Intense interest in others. Both ask so many questions it initially seems like deflection, even insincerity. They’re maddeningly private. But then you realize their superpower is wild curiosity about what really makes others tick. Think of all you learn when you’re intensely listening.

Unusual optimism. I am a skeptic by training, realist by default; Mike always sees the goodness in people and situations. Mister Rogers did the same, usually circling back to the child inside all of us.

Minimalist living. No fancy mansions. No splashy sports cars. Hell, Mike doesn’t even have his own car or cable service. He spends more on donuts for Axios colleagues than clothes.

Deep faith. Most of the impressive people I meet in life hold deep belief in something beyond themselves. And it shows without saying.

Try it … Fred Rogers had this cheesy if wonderful ritual he would encourage others to do: Close your eyes for one minute, and picture all the people who helped you get where you are today.

The quoted material above is just a sampling taken from web news, digital journals, magazines and newspapers. Political sociologists cite the importance of ‘unity’ while others have begun to use words like ’compassion’ and ‘respect’.

Dare we hope that the electorate will use these thoughts to straighten free roaming governments and infuse scruples into an indifferent social media?

Ancient Mariner

Quick Shots

Mariner will be away from the keyboard for a few days. Here are some quickies as he leaves.

Favorably rated nations

Cities with the most listed Million Dollar Homes

Consumer Price Index (CPI)

Ancient Mariner

 

 

 

 

 

 

 

 

 

 

 

Ancient Mariner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investigating Dignity

In a recent post mariner discussed a book by Congressman Ro Khanna, Dignity in a Digital Age. Very generally, Khanna promoted the idea that legislative issues should receive broader input from around the nation rather than being an isolated, deal-making process within the Congress. The Congressman’s ideology suggested legislating ‘dignity’ rather than ‘rights’.

Mariner suggested that some serious reorganization of the Constitution would be necessary before other parts of the culture could participate. That being said, the idea of protecting every citizen’s dignity has stayed with mariner, puzzling what it really means to legislate dignity rather than rights.

In the New Testament Jesus assures his believers that God guarantees dignity even to the least of us. Each of us, no matter how poor, forgotten or abused we may be, we are all equal and as the Beatitudes suggest, ‘blessed’ in the eyes of God. [That’s what Jesus says; don’t hold mariner accountable for today’s ‘Christians’]

The Christian doctrine suggests that giving dignity to others is a path to self-satisfaction and depends on God’s grace as a dignified reward.

The founding language for the new United States suggests, ‘life, liberty, pursuit of happiness, freedom of religion’ and ‘all men are created equal’. Bullhockey. This was deliberate language to ward off theocracy, monarchy, social discrimination and any version thereof that the King or the Church of England may have mandated. In truth, the United States was created to run a nation that owned a continent. Implied liberties were that the US had an entire continent of riches for everyone – go for it!

From the beginning to this very day, dignity = success. In the last forty years, dignity has come to mean I am f***ing rich.

The turmoil of the disenfranchised in the United States has led to a collapse in labor, a rejection of traditional national values and a questionable future as artificial intelligence strips away traditional forms of even meager financial security.

‘Rights’ have become threadbare if not meaningless. Mariner invites his readers to contemplate where the path may be to restore dignity to all American citizens.

Ancient Mariner

 

Happenin’s

֎ Women – Economist Magazine released statistics that rank nations by whether the circumstances are better for working women. The United States ranked 20th.

֎Russia – With the world glued to the crisis in Ukraine, are Americans troubled by the geopolitical scene? Even before Russia invaded the country, 52% of Americans said the conflict in Ukraine is a critical threat to U.S. vital interests. Negative perceptions of Russia are at a record high, with 85% of Americans viewing the nation unfavorably — up from 25% in 2003 and slightly edging out China at 79%, although China still is most likely to be viewed as the U.S.’s greatest enemy.

֎ China – The Chinese government is scrubbing the country’s internet of sympathetic or accurate coverage of Russia’s invasion of Ukraine and is systematically amplifying pro-Putin talking points. Chinese media outlets were told to avoid posting “anything unfavorable to Russia or pro-Western” on their social media accounts, and to only use hashtags started by Chinese state media outlets.

֎ US Supreme Court – In a victory for Democrats, the Supreme Court has turned away efforts from Republicans in North Carolina and Pennsylvania to block state court-ordered congressional districting plans. In separate orders late Monday, the justices are allowing maps selected by each state’s Supreme Court to be in effect for the 2022 elections. Those maps are more favorable to Democrats than the ones drawn by the states’ legislatures. In North Carolina, the map most likely will give Democrats an additional House seat in 2023.

֎ Atlanta Georgia – Researchers say a large spider native to East Asia that proliferated in Georgia last year could spread to much of the East Coast. The Joro spider’s golden web took over yards all over north Georgia in 2021, unnerving some residents. The spider was also spotted in South Carolina, and entomologists expected it to spread throughout the Southeast.

Researchers at the University of Georgia said in a new study it could spread even farther than that. The Joro appears better suited to colder temperatures than a related species.

֎ Airbnb said it would offer free housing to up to 100,000 people fleeing Ukraine. This is not the first time Airbnb has provided free housing. Last summer, the company also gave free, temporary housing to Afghan refugees while tens of thousands of people fled Kabul.

Airbnb is already getting a ton of support for Ukraine. As of Sunday, CEO Brian Chesky said that more than 11,000 hosts signed up to offer their homes to Ukrainians in need.

֎ Grocery stores – The humble grocery store might soon be a thing of the past. The new Whole Foods location in Washington, D.C., is showing off its techy side: It’s run by tracking and robotic tools like Amazon’s Just Walk Out technology. Cameras — not employees — follow you around while you’re shopping. When you walk out of the store, Amazon emails you a receipt, which tells you how long you shopped and how much you owe. If this sounds familiar, it’s because a lot of this tech already is used in Amazon Go convenience stores, but this is one of the first times it will be used in a 21,000-square-foot store.

֎ Mariner’s County, Iowa – Mariner recently wrote a post about the idea that government should manage ‘dignity’ rather than defensive procedures that protect ‘rights’. Mariner identified the rich citizens and the old citizens as the problem but perhaps the government itself may not be aware of the dignity its citizens deserve. Recently, mariner’s wife, a post graduate degreed librarian with over thirty years experience in research, had great difficulty determining which district in the county she and mariner were part of. Here is her accounting:

I googled districts for our County and got their website.  It did not list the Districts.  I googled for our County Iowa district maps and found cities and towns but could not find districts.   I googled supervisors of our County, Iowa and got a very straightforward explanation of who the supervisors are, their terms of service and the districts they serve, but no indication of where those districts are located.  I googled my city and got a list of services for residents, and government information for new residents–but no district map.  I eventually found a site but even now, going back, I can’t retrace my steps to find it again.

Now here’s the thing–I am a reasonably literate person with access to a computer and some skill in research.  I found it very interesting and frustrating that this information is not readily available to citizens.  I am sure that I am not the only one who does not know what district I live in.  Is it some kind of secret?  And why would it be a secret in a land where the government is the people–not the parties, not the people in power, but everyday people like me.  I don’t want to think that it is because the parties in power are just as happy to keep everyone else out of the loop.  I would think they are eager to share the information if only people would ask.  But how many people are going to call their local supervisor, who they don’t even know, and admit they don’t know the most basic information about their government?

I suggest that the everyday people need more civic education if we are going to understand our government and vote responsibly.  In this world of multimedia resources at our fingertips, isn’t it interesting that I have to struggle to find out what district I live in?  —

Does the reader know the specific county voting district they live in? Their district representative’s name? Does the District care if you don’t?

Ancient Mariner

Is ‘Dignity’ the actual engine supporting ‘Democracy’?

Mariner is reading a book, Dignity in a Digital Age, published recently and written by Congressman Ro Khanna (D-17th District CA, AKA Silicon Valley). Rep. Khanna takes a two-fold position to resolve much of the unrest that disturbs politics, society and industry in the United States. First, he proposes that the formation of national policy be loosened from Washington D.C and spread among the population. Second, Khanna proposes that the intended purpose of the nation, its industries and society in general is to use the democratic process to promote dignity rather than to protect by legislated procedure.

This last point caught mariner’s interest because, along with many others, he believes Donald came to power because the labor class was not part of the success story of the United States. Despite personal business success, career prestige and a critical role in daily life, without a college degree American society felt labor careers did not represent success in life or have critical importance to society.

A major contribution to this prejudice occurred under Reagan economic policies which allowed corporations to send labor jobs to other countries with lower production costs and otherwise disassembled the financial security found in guaranteed full retirement, labor representation and other benefits. To this day, Labor makes less versus the Consumer Price Index than it did in 1980.

Back to the first point that national policy should be influenced more directly by the citizenry, it is true that policy influence has been drawn to Washington like gravity draws a rock to the ground. Now under the influence of an entrenched plutocracy, it is money that reflects dignity rather being a voting citizen. Khanna spends much of his book philosophizing about how all the components of society should help shape major policies. Mariner feels philosophy alone will not do the trick.

Under the original Constitution created in 1778-9, the Federal Government had to manage a nation with vast, unknown, empty spaces. The population of the Nation was 38.5 million. Today it is 331 million with fifty local governments. Yet the US Senate retains its original configuration of two senators per state. State governments are allowed to modify Federal elections – a necessary authority before trains and before organized Federal agencies could manage locally.

In 1780 the life expectancy was approximately 50 excluding 15 percent child mortality. Today government leaders live well into their eighties – far beyond the life expectancy of their childhood culture, which is approximately 60 years. Between the blindly rich and the culturally blind, it is no wonder no one knows how to promote dignity.

Mariner feels that before Congressman Khanna can modify policy influence to represent a cultural dignity, shudder, cringe, a Constitutional Convention will have to rewrite an outdated Constitution. If the convention does occur, thank goodness the old Constitution says we are allowed to own and bear arms!

Ancient Mariner

 

Tip Toeing around the new world

֎ An entertaining perspective on climate change from 538: ‘Gumbo’ days in Louisiana are disappearing where the tradition is to make the state’s traditional meal in weather just below 50°. See https://fivethirtyeight.com/features/not-even-gumbo-is-safe-from-climate-change/

While on the topic of climate change, here’s an unexpected benefit from new non-carbon technologies:

There are already myriad examples to point to, from Puerto Ricans with rooftop solar who had power after Hurricane Maria to some Tesla owners using their cars to stay warm during last year’s Texas blackouts. (Both those disasters also show the vulnerabilities of a fossil fuel-powered grid.)

֎ Part of the new political era emerging in the northern hemisphere is brought to light by this item from HELSINKI (AP) — Through the Cold War and the decades since, nothing could persuade Finns and Swedes that they would be better off joining NATO — until now.

Russia’s invasion of Ukraine has profoundly changed Europe’s security outlook, including for Nordic neutrals Finland and Sweden, where support for joining NATO has surged to record levels.

֎ On the intellectual side of the new international picture is a curiosity about whether the authoritarian nations, e.g., the –Stans, Russia and its neighbors, the warring middle east and nations in North Africa will be able to sustain their economies given the burden of greedy oligarchical plutocrats, as new collaborative trade agreements (like the TPP) take over. A common opinion is that these economies will be absorbed by China’s Belt and Road Initiative and make China the dominant economic power on the planet – a club of authoritarian governments.

Mariner is more interested in how the southern hemisphere will join the rest of the world – he being an advocate of a new nation called ‘The United Continents of America’.

֎ Important progress in human rights: President Biden today will sign landmark workplace legislation that forbids companies from forcing sexual harassment and assault claims into arbitration.

֎ One reader will be pleased to know that the Doosan Bears, with a relentless offense and a tireless bullpen, have made history in the South Korean baseball postseason.

The Bears will play for the South Korean baseball championship for a record seventh consecutive year, after hammering the Samsung Lions 11-3 to sweep the best-of-three penultimate round in the Korea Baseball Organization (KBO) postseason.

Ancient Mariner

Democracy

The issue is the precarious balance of democracy in the world’s most noted democracy. Serious, lengthy articles are beginning to appear in several web news and print sources led by an Atlantic Magazine article written by Hillary Rodham Clinton, a former U.S. senator and secretary of state and Dan Schwerin, a co-founder of Evergreen Strategy Group. He served in the White House and the State Department. Here an opening paragraph:

“The scope of that wider struggle was on vivid display on February 4. In Beijing, the world’s two most powerful autocrats—Putin and China’s Xi Jinping—cemented their deepening alliance. In the United States, where American leaders should have been unified in championing democracy against these aggressive adversaries, the opposite happened: The Republican National Committee formally declared the violent insurrection of January 6, 2021, to be “legitimate political discourse.”

That the Republican Party continues their irrational support of Trumpian autocracy should warn the electorate about attacks on the way the United States operates. The Republican Party has not dropped Donald but has embraced him for the 2024 election. Ten states have shifted power over elections to partisan agencies. Gerrymandering continues to rob citizens of the principle ‘one person, one vote’. The IRS has been stripped of employees to the extent the agency can’t afford to investigate the complex returns of the oligarchy. Under the guise of budget, the US Post Office pulled hundreds of mailboxes off the street during the 2020 election. During this century both political parties have failed to protect the average citizen from venture capitalists who have destroyed thousands of low income homes so that expensive apartments and businesses have space to build. Children are open targets for murder because gun laws have been quashed. For the past fifty years the culture of police departments has shifted from a peacekeeping force to a military force.

The health industry continues to limit the number of doctors that can complete studies each year. Pharmacies are charging Americans four to ten times what they charge other nations. The oil industry has essentially shut down climate change intentions. And on and on . . .

Let’s face it. The United States is broken. Not only is it broken, autocratic interests are intent on taking the nation down for good.

Not since the Civil War has each and every vote been so critical to save the principles of a free democracy.

Ancient Mariner

The US psyche

Mariner follows cartoons from many sources and recommends the same for readers. Cartoons release subconscious constipation and act like an aspirin against the pain of daily events. Wiley of Non Sequitur is his champion. The reader can get a year’s worth on their next desktop calendar.

Below are two excellent examples: