Sunday, June 10, 2018

"Do not consider his appearance or his height, for I have rejected him. The Lord does not look at the things people look at. People judge by outward appearance, but the Lord looks into the heart.”

1 Samuel 16:7

Neoliberalism and the Rise of Corporate Globalism

From Jesse's cafe:

Excerpted below is a recent book review of Globalists: The End of Empire and the Birth of Neoliberalism, by Quinn Slobodian, Harvard University Press. 

I have included a link to the entire article which I recommend reading if you wish to know more about how the rise of globalism, corporatism, and neoliberalism may go hand in hand within a reasoned construct.

I could have included much more and still not done justice to the themes and thoughts that it contains.

I found it particularly helpful because it provides a plausible rationale for the continuation of the European Union, despite its malformed integration of a currency union without internal financial integration of debts and transfer payments.  Not to mention its odd admixture of a remote central bureaucracy trumping traditional policy areas within the domain of national sovereignty.

It also helps to understand the stubborn commitment to global 'trade treaties' by corporate Democrats that tend to elevate international  bureaucracies and rules bodies,  dominated by corporate lobbyists, over the inclinations of their own national electorates.  

Obama's determined slogging for the TPP, even as his intended Democratic successor was being electorally eviscerated for her perceived corporatist elitism, was otherwise inexplicable given his sophistication in managing perceptions.

In this perspective these seemingly obtuse things can be seen as 'features' rather than well-intentioned but naively crafted arrangements containing unintentional flaws.

This review also positions neoliberalism within the context of the development of economic and political thought in the 20th century.  The two are inexorably entwined because, as is well established throughout human history, money is power.

The Boston Review
The Market Police
J. W. Mason

"Globalism in this story is not only, or even primarily, an extension of contacts between people, trade, production. Rather, it is the creation of a set of property rights that, precisely because they span multiple sovereignties, cannot be touched by one government without inviting conflict with another. In this sense it is positively desirable for property claims to cross national borders. Foreign investment, regardless of its value or otherwise for financing production, performs a political function that domestic investment cannot...



Read the entire book review at The Boston Review.

 http://jessescrossroadscafe.blogspot.com/2018/06/neoliberalism-corporatism-and-rise-of.html

문재인이 9년살림을 거덜냈다는 洪 발언

Korea's debt loads (both public debt and household debt) are alarming.

노컷뉴스로부터:

유한국당 홍준표 대표가 6‧13 지방선거를 앞두고 "문재인 정부가 나라 살림을 들어먹고 있다"며 문재인 정부의 경제정책을 비판했다.
홍 대표는 지난 2일 서울 강남‧서초지역 유세 현장에서 "노무현 대통령 들어와서 살림 반쯤 들어먹고 물러났지 않았는가"라며 "그것을 우리(이명박‧박근혜 정부)가 한 9년 동안 좀 살려놨더니 그것을 지금 (문재인 정부가)들어먹고 있는 중이다"고 말했다.
한 나라의 경제는 국민소득, 고용지수, 국가채무 등 다양한 지표로 설명할 수 있다.
기획재정부가 집계하는 국가채무현황 자료를 살펴보면 노무현 정부가 시작된 2003년부터 현재까지 국가채무는 꾸준히 증가하고 있는 것으로 나타났다.
노무현 정부 때는 5년간 약 133조원, 이명박 정부 때는 134조원의 채무가 늘어났다.



국가채무가 가장 많이 늘어난 때는 홍 대표의 주장과 달리 오히려 박근혜 정부 때였다. 박근혜 정부는 2013년부터 2016년까지 4년간 채무가 137조원 증가했다. 이는 전임 정부의 5년 치에 해당하는 금액이었다.
이는 2014년 세월호 참사, 2015년 메르스 파동 등 경기가 급속히 나빠진 것을 해결하기 위해 경기활성화 정책을 펼친 여파로 분석됐다.
그밖에도 경제를 설명하는 실업률, 고용률, 가계소득, 가계지출 지표에서도 노무현‧문재인 정부가 이명박‧박근혜 정부보다 나쁘다는 지표를 찾기 어려웠다.



통계청 가계동향조사에 따른 가계 소득과 지출 현황도 꾸준하게 증가하고 있었다.
특정 정권에서 수치가 높거나 낮지 않았다.



실업률도 문재인 정부 들어 박근혜 정부 때인 2017년 1월보다 낮아진 것으로 나타났다.
실업률 역시 이명박 정부 때 가장 높았다.



고용률 지표 역시 꾸준히 증가하고 있다.
이명박 정부 때 가장 낮아졌던 고용률은 박근혜-문재인 정부를 거치며 조금씩 오르는 추세다.
http://v.media.daum.net/v/20180606051804804?rcmd=rn

Sunday, June 3, 2018

"HE WAS DESPISED AND REJECTED BY MANKIND, A MAN OF SUFFERING, AND FAMILIAR WITH PAIN. LIKE ONE FROM WHOM PEOPLE HIDE THEIR FACES HE WAS DESPISED, AND WE HELD HIM IN LOW ESTEEM. SURELY HE TOOK UP OUR PAIN AND BORE OUR SUFFERING, YET WE CONSIDERED HIM PUNISHED BY GOD, STRICKEN BY HIM, AND AFFLICTED. BUT HE WAS PIERCED FOR OUR TRANSGRESSIONS, HE WAS CRUSHED FOR OUR INIQUITIES; THE PUNISHMENT THAT BROUGHT US PEACE WAS ON HIM, AND BY HIS WOUNDS WE ARE HEALED."
 ISAIAH 53:3-5

Diving Into Mary Meeker's 294 Page Technology Report

Some interesting slides.  Some factors such as low employment and increasing debt level can be applied in the Korean situation.

From Mish’s blog:


Mary Meeker gave her annual report on internet trends Wednesday at Recode's Code Conference.
Here are some slides that caught my eye. The comments beneath each chart are mine.
Social Media Role in Product Purchases
Social media plays a huge role in purchases. This explains the ad revenue of Facebook.
Household Debt Highest Ever Despite Low Unemployment
Household debt is high and rising. The Fed blew another housing bubble (everything bubble really).
Disturbing Trends in Savings and Debt-to-Income Ratio
People save less and less. Don't let the percentage fool you. Most people don't save anything.
Technology Disruption Curves


That fascinating chart explains what is about to happen with autonomous vehicles in the next decade.

https://www.themaven.net/mishtalk/economics/diving-into-mary-meeker-s-294-page-technology-report-uIHI5m3dvESJPZADEzp9mA/