the innovation was realizing that even when it is picking pockets, the invisible hand can only act to the benefit of all.
if it takes careful, contestable social science to perceive an effect, it’s not a politically meaningful effect.
if efficiency were truly the goal, they’d fire a ton of private contractors and consultants, and hire a lot of on-payroll civil servants (“bureaucrats”).
so, suppose four years from now, we have an ordinary election and Democrats win a resounding trifecta. would we tolerate Elon Musk retaining his clearances snd ownership of SpaceX, or force divestiture? would we tolerate John Roberts’ rejuvenated 6-3 majority for generations, or reform the court? 1/
one way to view the election is as a test between "mobilize the base" theories of winning and "persuade" theories. 1/
the two are not mutually exclusive, but there are real tensions! mobilizing the base may involve emotional language that offends "swing voters" who identify somewhat with the targets of, um, critique. 2/
in any case, the democrats plainly went for "persuade", the republicans for "mobilize the base". it's very clear which won. 3/
( i usually tend to argue for "persuade!", so egg on me. www.interfluidity.com/v2/6732.html ) /fin
“Kamala Fell to the Same Cabal That Destroyed University Presidents” by Moe Tkacik prospect.org/power/2024-1... ht @ddayen.bsky.social
Kamala Fell to the Same Cabal That Destroyed University Presidents
Link Preview: Kamala Fell to the Same Cabal That Destroyed University Presidents: The billionaire class used the Gaza siege to purge leftists, and even left populism. Caught up in the wake were the cautious elites.enter, withdraw. enter, withdraw. Paris Agreement is for lovers.
don’t forget @tomashirstecon.bsky.social!
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“The Party Should Throw Them a Party” by @resnikoff.bsky.social resnikoff.beehiiv.com/p/the-party-... // excellent on the need for thick ties between real-life humans to build coalitions and realities resilient to a captured, fickle parasocial online
The Party Should Throw Them a Party
Link Preview: The Party Should Throw Them a Party: A proposal for how to build a more durable Democratic coalitionthe more bluesky “wins” in terms of engendering an exodus from Twitter, the more it will become a target of capture by a political movement whose modus operandi includes capturing the media. how technically resilient is or isn’t bluesky to that? time is of the essence now.
Abnormal Returns, old-school finance blogger and link blogger is here! @abnormalreturns.bsky.social
one path by which this event may mark the end of the American century is that whatever vestiges of a soft power / aspirational advantage the United States still had over China is lost. 1/
“We're still the same country that we were on Monday. We just have changed our form of government.” @hcrichardson.bsky.social youtu.be/D7cKOaBdFWo
Jon Stewart on Trump’s Win and What’s Next w/ Heather Cox Richardson | The Weekly Show
Link Preview: Jon Stewart on Trump’s Win and What’s Next w/ Heather Cox Richardson | The Weekly Show: YouTube video by The Weekly Show with Jon Stewarti feel like some random kidney cell still kidneying in the body of a thing that just blew its own head off.
The title of the Frank opinion piece is terrible — sabotage, I think, by editors at the Times. The piece literally does not use the word “elite”, not once, beyond the title that they slapped on it. 1/ www.nytimes.com/2024/11/09/o...
Opinion | The Elites Had It Coming
Link Preview: Opinion | The Elites Had It Coming: Democrats got exactly what they set out to get, and now here we are.I gotta say, the exuberant dunking of the piece crowding my timeline reinforces rather than challenges the thesis. The timeline doth protest too much. 2/
Why is it so painful to wonder if Democrats’ repeated choice to downplay New-Deal-style liberalism and run on a business-friendly optimistic centrism may have played a role in Harris’ loss (and Clinton’s)? 3/
(The tragedy, of course, is that the Biden-Harris Administration *governed* in the tradition of New-Deal-style liberalism. But they were shy about touting business-controversial achievements like successful antitrust suits. They did the actual work, but preferred to talk about other things.) /fin
from Thomas Frank www.nytimes.com/2024/11/09/o... (the piece is badly titled.)
Text: Liberals had nine years to decipher Mr. Trump's appeal - and they failed. The Democrats are a party of college graduates, as the whole world understands by now, of Ph.D.s and genius-grant winners and the best consultants money can buy. Mr. Trump is a con man straight out of Mark Twain; he will say anything, promise anything, do nothing. But his movement baffled the party of education and innovation. Their most brilliant minds couldn't figure him out.



