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View Diary: REPOSTED from JULY 2011: The run up to the French revolution looks a lot like America today. (42 comments)

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  •  Look, I invented your username. (4+ / 0-)
    Recommended by:
    iceweasel, bumbi, mdmslle, yaque

    So listen to me.  This diary is not whining about or fearmongering about India.

    It's talking about the parallels to the French Revolution in the US.

    France was also rich by world standards just before the French Revolution.

    The parallels are serious and real.  The defects which lead to our democracy not giving democratic results are also serious -- we have frighteningly nonresponsive national government, and often nonresponsive state governments too.  (I can go into detail about the structural reasons, Bush v. Gore and the electoral college being the most obvious, but I have done so elsewhere.)

    Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

    by neroden on Fri Jul 01, 2011 at 11:25:20 PM PDT

    [ Parent ]

    •  I thought Mother Nature invented ice weasels.. (0+ / 0-)

      with evolution being her technique, of course. I first came to know about them because of you, and thank you for that, but shouldn't I listen or not listen to you based on how good or bad your arguments are? :)

      'I can go into detail about the structural reasons, Bush v. Gore and the electoral college being the most obvious, but I have done so elsewhere.'

      None of them has anything to do with India, or with India doing a bit better on economic growth front than it used to and thus becoming a bit less dirt poor than it used to be. My comment was in response to this line "growing commercial dominance of Great Britain China, India and some South American countries" in the diary, in case that wasn't obvious.

      I am trying to counter the false narratives that are out there (eg, the general sense seen in some circles that India doing well is somehow bad for America) regarding India, implicitly invoked by the diarist's line above. If India grows, and it and the US keep engaging in balanced trading as they now do, it works to the benefit of both the economies -- the American economy, by giving it a channel for higher economic growth through the expanding Indian markets. That reality is what I am trying to get across. Balance in trade (with India or with any other country) is the key for this equation to work well. That's my point.

      BTW, like you, even I still haven't gotten over Bush v Gore, and I do believe that the world changed for the worse on that singularly fateful night. I wish we had blogs like DK to get Gore's back and defend him from the horribly vicious attacks that he and his campaign encountered. Alas.

      I prefer a national popular vote for the Presidency, but had Kerry managed an extra 120K votes in Ohio, the EC system would've worked to Dems' advantage that year. Senate giving overrepresentation to tiny states like VT and MT can be considered a structural problem (it's the result of Fedaralism, of course, but it isn't clear if the arguments made for federalism when the country was founded still hold as intended), but it does presently give us some great senators like Bernie and Sen. Leahy.

      •  That assumes we'll have continuing reasons tot (2+ / 0-)

        To trade with India.

        That's part of the problem. Our trajectory is so poor that frankly we may not have much to offer in the coming decades.

        We are falling behind while others are rising up. And it's not necessarily so that a rising tide lifts all boats. We can still end up in a pretty bad state as a nation, most of the population ending up much more poor than they are today. We can see food storages and commodities rise so high that most would not be able tomafford them. It's trajectory. Low wages now. Stripping of minimum wages and worker protections (which is happening now, with some push back thank FSM, but still) and courts and pols who allow corporations to basically enact legislation. And no means of appeal, even to the highest court in the land.

        We are in danger and it's real. And yes it's depressing. So
        what?

        •  The US economy is 14.5 trillion large (0+ / 0-)

          and we export about $1.8 trillion worth of things every year. The problem is that we're importing some $500 billion more than we're exporting. We need to fix that, ASAP, and return to fairer taxation (Clinton-Gore era taxes should be fine), and then things will change a lot, and unemployment will drop. There are other critical things to do as well for the economy to return to a state of full health, but let's limit the scope for now.

           How do we get there (i.e. balancing trade) is a bit tricky at this juncture, but it can be done if there is a President committed to it and he or she is strong enough to fight where, when and as necessary.

          IMO, you're being unduely over-pessimistic. Recall that the unemployment was 3.9% just 12 year ago, and so getting back to such levels isn't impossible or infeasible, provided that we and our leaders have the will, and we all take a rational and constructive approach to it.

          America is a resilient nation (and a great nation) with many unparalleled assets (tangible and intangible ones). It isn't easy for it to fail as you seem to think it is now bound to.

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