I have written several posts that use Carol Quigly’s “institutional imperative” as a lens for understanding contemporary events. [1] Mr. Quigly suggests that all human organizations fit into one of two types: instruments and institutions. Instruments are those organizations whose role is limited to the function they were designed to perform.(Think NASA in the 1960s, defined […]
Category Archives: Monied Interests
Ominous Parallels: What Antebellum America Can Teach Us About Our Modern Political Regime
Many people point to the hyper-partisanship of national Democratic and Republican parties as the greatest challenge facing 21st century America. When seen through the lens of another vapidly partisan political system – that of Jacksonian America – we see that the real danger is not noisy partisanship, but the iniquity it hides: for them it was slavery; for us, plutarchy. Living amidst the raucous partisanship of contemporary times it […]
A Dark Cloud Over Europe
Read this:Ireland’s Debt ServitudeAmbrose Evans-Pritchard. The Telegraph. 30 November 2010. Having done so, please watch this: My comment: It has become increasingly clear that the fate of the Euro project will be decided in the next few months. Even the Union’s strongest defenders (much less its elected and appointed officials!) admit that if the current […]
Crony Capitalism and Stagnation, Connecting the Dots
Ashwin Parameswaran has an excellent piece up over at Macroeconomic Resilience on the intersection of economic innovation and technological progress, crony capitalism, complex system dynamics, and unemployment. To quote from the post’s conclusion: The Cause and Impact of Crony Capitalism: the Great Stagnation and the Great Recession Ashwin Parameswaran. Macroeconomic Resilience. 24 November 2010. Due […]
Straight Talk on the TSA, Paragon of the Creeping Security State
Over the course of the last week the Transportation Security Administration’s new airport security measures have generated a great deal of public outcry and controversy. This bout of public dissatisfaction provides a rare opportunity that should not be wasted. For the first time in nine years Americans are seriously questioning at least one part of […]
Connecting the Dots: Social Mobility and Family Structure
It does not matter who you are or where you come from. In America, if you study long enough and work hard enough you can become anything. Every American child has heard this story. It is a shame it is not true. Earlier this year the OECD published a report on the various economic policies […]
