Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

October 12, 2012

Hooray for Europe!

Romania, 1976 - I was shorter, but Communism was big.
Many of my friends on this side of the Atlantic (and on the other side of the Mediterranean) have reacted with derision and ridicule to the news that the European Union is receiving this year's Nobel Peace Prize. LOL, haha, gimmeabreak, etc.

Here are a few of my own reactions:

THIS ISN'T FUNNY

The eurozone is currently suffering through potentially catastrophic economic turmoil. While there were definite structural flaws in the new economic integration, and the major EU players have exacerbated matters by reducing rather than expanding short-term liquidity, the major crisis was triggered by our own financial brinkmanship and near-collapse here in the United States: The CDO and mortgage bubble, Lehman Bros, trillion-dollar budgetary black hole in Iraq and Afghanistan -- and much more. There's nothing funny about Europe's current woes in any case, especially given the increasing connectedness and see-saw dynamic between our two mega-economies, and the history of instability over there eventually costing Americans our own blood and treasure.

EUROPEANS ARE THE GOOD GUYS

In a world that's increasingly out of balance -- and with violence and uncertainty flaring across the Middle East, the EU has been our key partner in promoting stability and progress. Its member states also comprise the bulk of our NATO allies. We should be wishing them well, and doing whatever we can to encourage and support them, not tear them down and poke fun.

MAYBE THEY DO DESERVE THE NOBEL PRIZE

When Alfred Nobel conceived of his peace prize, he wasn't thinking about ending conflicts in East Asia or Central Africa -- he was focused on Europe. The EU s the embodiment of many of those hopes and aspirations -- as the Nobel Committee put it:

The work of the EU represents "fraternity between nations", and amounts to a form of the "peace congresses" to which Alfred Nobel refers as criteria for the Peace Prize in his 1895 will.

EUROPEAN UNITY MATTERS

All those childhood summers spent bouncing around Europe during the 1970s involved no end of cumbersome border crossings between East and West, within the Communist Bloc, and even between some of the Western European democracies. Borders and virtual barriers were very evident, and not only because of the Soviet domination over half the continent. Europe's divisions went back centuries and the animosities were still very fresh. Indigenous Muslims and Gypsies were barely tolerated, if at all. And of course, the despair, privations and terror of Communist rule were as overwhelming as they were implausible. And it was all very real. Just visiting Berlin today is an out-of-body experience, as the once stark dividing line remains only as a course of paving stones, a short segment of the old wall, and memorial markers where East Germans were killed attempting to cross into freedom. The very idea of East Germany or exit visas seems so remote, and yet 25 years ago it was a reality.

ENOUGH IS ENOUGH

Perhaps, as Americans living in the here and now, we measure the world too much by what we -- not others -- have achieved recently, rather than in any other generation. The challenges we face today can blind us to the struggles of every other nation, forgetting that the post-9/11 mirror poles used to check for bombs under our cars were once used in Berlin to stop East Germans from escaping between the axles.

As early as 1821, Thomas Jefferson wrote to John Adams: “Even should the cloud of barbarism and despotism again obscure the science and liberties of Europe, this country remains to preserve and restore light and liberty to them.” Such arrogance and exceptionalism have been among our greatest flaws and most powerful of inducements to keep pushing forward and saving the world. But this week, a little humility is in order, and yes, some appreciation for the dedication, aspirations and achievements of others -- especially those we call our friends.

November 27, 2011

Be very scared. Then be smart.

Be very scared.

That's the message from extremists on the right and the left. Take Israel, where the right wing warns of Israel's destruction if any concessions are made to Palestinians, or "terrorists" as they call them. For the left wing, the actions of the right are putting Israel on the path to its own destruction. So everyone acts out of fear, except for the soft middle which is alternatively attacked by both sides as either treasonous or abetting genocide.

In the United States, where half of all registered Republicans still doubt that President Obama was born in the United States, right-wing fear of all authority is palpable. This may explain why the Second Amendment "right to bear arms" has become such a GOP rallying cry. On the left, the idea that most Republican candidates for President deny the science of climate change and evolution -- or the comparative track records of Keynesian vs. supply-side economics -- is serious cause for alarm. The possibility of a reversal of Roe v. Wade is chilling, even for some Republicans.

Fear is a poor consideration when making existential choices. People sometimes tell me of their fear -- of Muslims, Palestinians, minorities -- and seemingly expect me to support their (usually right-wing) political agenda because of that fear. From my perspective, expressing one's fear is an admission of vulnerability, not a way to make the case for one's own political stand. It's all right to admit your fears to others, but don't expect them to agree with you just because you're scared. Fear no longer needs to be a badge of shame, but it's still no claim to glory.

February 15, 2011

As Government holds back, nonprofits must open up

Philanthropy: Love for mankind

America's social safety net is in real jeopardy, and philanthropists and the non-profit sector have an obligation to respond. Government support is diminishing, just when many families and seniors remain without jobs or savings. For the next couple of years, until the economy and government functionality get back on track, the philanthropic community needs to focus on immediate needs, even at the cost of abandoning some visionary initiatives.

Between President Obama's domestic spending freeze and some significant cuts in his proposed federal budget, and Republican calls for still deeper reductions and ever bigger tax cuts for those with means, the budget for the 2012 fiscal year will fall short on many essential services. The individual states, which actually deliver most of the social services, are getting even less back from Washington, and few have the luxury of running at a deficit the way the U.S. Government has become accustomed.

Many individual donors often have favorite causes, from the environment to cultural exchange, to capital projects (i.e., more buildings). I propose scaling back all these agendas, and retasking organizations as much as possible to ensure that children, elderly and the underprivileged are able to weather the coming storm. 

Call it a moratorium on non-essential services and campaigns.

November 14, 2010

Shai's Quote of the Day

On days when I don't have a full-fledged blog post, I'll be putting out one of my own one-liners. Here's the first one:


In this economy, the thought of living on fixed income sounds very appealing.