As Gilder notes "In a just system of growth, business must be open to bankruptcy as well as to profit. When government puts its thumb on the scales of justice, manipulating money through guarantees and other exercises of power designed to stimulate economic growth or protect assets, it stultifies this learning process." He says that like it's a bad thing -- which it is -- but politicians are falling all over themselves to do it.Wretchard is always worth reading.
Such a system can determine who gets a bailout from the Fed and who gets a diploma from de Blasio's diversity schools but generates little information about who can turn a profit and which students will be the next Einstein. By destroying the measuring stick, defining money as a function of government decisions and competence as a consequence of political correctness, the Western elites have created an artificial, gradually shrinking world.
...she lost a member of the platoon. In fact, the missing soldier was so thoroughly separated from the rest of his platoon that the RIs had to shut down the entire mission, telling the platoon to go to sleep where they were while the RIs searched for the missing candidate. The platoon never had the chance even to attempt its assigned mission. But the candidate who had served as platoon sergeant, despite a failure in her performance that ended the mission, received a passing grade.This was, remember, the third attempt for these three would-be Rangers; they'd already failed out twice before. On the third go-round, word came down that they were to be passed even in spite of massive and potentially fatal errors.
...
Ranger Instructor 1: Female got a “go” last night. I was out there. She shouldn’t have. But it happened and [redacted]
Ranger Instructor 2: Why did she get a go then?
Ranger Instructor 1: I was out there until actions on [that is, the raid or ambush the platoon was supposed to conduct]. Never happened because they missed their hit time. 1SG recocked them [that is, reset the mission conditions and gave them the chance to start over]. That never happened because she gave abad head count three times. We finally realized their [sic] was a missing student.
Ranger Instructor 1: Had to lock the [platoon] down and find this kid.
Ranger Instructor 3: That’s a definite go haha
...
Ranger Instructor B: It’s all [b*******]. On 8-35 [the mission they were on], they walk [sic] the road back into camp under RI control [that is, RIs took over from the candidate leadership and led the platoon to its destination on an open road rather than through the woods]
Ranger Instructor B: And lost a Ranger
...
An RI with firsthand knowledge of the candidate’s evaluation explains, “During clearance of the [objective], she lost control of her squad, leading to fratricide” (i.e. leading to what would have been a friendly-fire incident if live rounds were being used in a non-training environment.) Understandably, this normally earns a failing grade (an “immediate no-go”). But it didn’t here.
No president for the past 19 years has sought to offer any remotely sane budget. And with still relatively low interest rates, massive federal spending, a $22 trillion national debt, and an annual deficit of nearly $1 trillion, it is hard to imagine, in extremis, that there remains any notion of “stimulus” or “pump-priming” left.I have occasionally noted in this space that I would like to hear a plan to save the Medicare We Have before we float plans for Medicare For All, but so far none have been forthcoming. I am forced to conclude that our two largest generations, who drive most of our politics, are satisfied with the arc toward failure. The Boomers who are still the frontrunners know there's enough for their generation; and the Millennials just beginning to assume office aren't interested in saving programs they can't imagine surviving long enough to serve them.
Yet we hear little about such financial profligacy.
Not a word comes from Trump’s critics about the need for Social Security or Medicare reform to ensure the long-term viability of each — other than the Democrats’ promises to extend such financially shaky programs to millions of new clients well beyond the current retiring Baby Boomer cohorts who are already taxing the limits of the system.
To counter every signature Trump issue, there is almost no rational alternative advanced.... Instead of vague socialist bombast and promises, where is the actual detailed progressive version of the Contract with America, so voters can read it, digest it, and then decide whether it is superior or inferior to the status quo since 2017?There's certainly been plenty of vague bombast, but there is actually a detailed set of plans on offer from Elizabeth Warren. They include the following:
"The policy change explains that we will not consider children who live abroad with their parents to be residing in the United States even if their parents are U.S. government employees or U.S. service members stationed outside of the United States, and as a result, these children will no longer be considered to have acquired citizenship automatically," USCIS spokesperson Meredith Parker told Task & Purpose.So are they considered 'natural born' citizens for the purpose of running for President? I suppose there's no actual legal standard for that, since there's 'no controlling legal authority.'
"For them to obtain a Certificate of Citizenship, their U.S. citizen parent must apply for citizenship on their behalf."
The process under INA 322 must be completed before the child's 18th birthday.
Prorogation, which suspends parliament from sitting in a period it might otherwise be expected to sit, is an accepted right of a sitting government. But it has never been applied in a manner such as this: as a means of denying parliamentary action opposed by the government. Johnson denies that this is his intent, but few believe him.Good luck, says I.
By sending members of parliament back to their constituencies in early September and then returning them on Oct. 14th, Johnson has significantly shortened the time they will have to pass legislative alternatives to his Brexit plan. With a final European Council meeting scheduled for Oct. 17th, unless an emergency follow up meeting is held, European leaders will have to accept Johnson's proposals to avoid a no-deal Brexit, or else accept a no-deal Brexit as is.
Crimes are punished outside the legal system, which means no presumption of innocence, no legal representation, no judge, no jury, and often no appeal. In other words, it’s an alternative legal system where the accused have fewer rights.One way of controlling this is to have the government insist that Americans' rights be in no way limited by corporations, and to establish protections that would void any "license agreement" that abridged such rights. That, however, depends on the government being a limit on corporations rather than aligning with them. The alignment of corporate and government power is quite likely, given the resources corporations have, and the benefit to overweening politicians of being able to have a compliant corporation enforce limits on the citizenry that the Constitution would not allow.
Social credit systems are an end-run around the pesky complications of the legal system. Unlike China’s government policy, the social credit system emerging in the U.S. is enforced by private companies. If the public objects to how these laws are enforced, it can’t elect new rule-makers.
An increasing number of societal “privileges” related to transportation, accommodations, communications, and the rates we pay for services (like insurance) are either controlled by technology companies or affected by how we use technology services. And Silicon Valley’s rules for being allowed to use their services are getting stricter.
If current trends hold, it’s possible that in the future a majority of misdemeanors and even some felonies will be punished not by Washington, D.C., but by Silicon Valley. It’s a slippery slope away from democracy and toward corporatocracy.
In other words, in the future, law enforcement may be determined less by the Constitution and legal code, and more by end-user license agreements.
“...using journalistic techniques to target journalists and news organizations as retribution for — or as a warning not to pursue — coverage critical of the president is fundamentally different from the well-established role of the news media in scrutinizing people in positions of power,” wrote reporters Jeremy Peters and Kenneth Vogel.