The Role of “We” Versus the Role of “I” (Econlib)
Also, armchair public policy analysis. Caveat emptor: may contain BS
Not posting here could be due to good reasons, or nasty reasons. Fortunately, it was a very good reason that kept me from posting for few weeks (hint: it was expected, and involves diapers). The (invisible to the naked eye) gap was covered via a spontaneous, à la WWE tag team display by Brandon (who, btw, restarted nightcapping, yay! And then got tarpitted again, nay).
Has the U.S. Supreme Court Effectively Overruled Roe v. Wade? (Verfassungsblog)
A take on the recent abortions slugfest. A decisive overturn of the post – 70s judicial status will probably spell similar changes elsewhere. The shadows have been stirring, the battlefront is wide, the divisions remain deep. Only recently, a proxy “skirmish” took place in Greece: A so-called “1st Panhellenic Conference on Fertility” or something got cancelled, after its anachronistic/ derogatory undertones provoked a digital uproar:
This metal feminist slogan came to mind:
Nolite te bastardes carborundorumThe Handmaid’s Tale
I have not read the book (nor watched the series), but this mock-Latin line rings timely and has an interesting history itself.
Lynn Parramore at INET argues that modern libertarians tend to overlook the subject, while the likes of Ayn Rand and Murray Rothbard were assertive in defending the right to abortion as part of the self-determination of one’s body/ life in general:
Why Aren’t Libertarians Protesting the Freedom-Busting Texas Abortion Law? (Institute for New Economic Thinking)
INET is not particularly fond of the liberty creed, but still, the picture is disheartening. What’s worse, it fits my own troubling perception (incomplete as it is, based on limited observations) that this kind of intrusion into individual freedom ranks lower than others. The whole issue seems mostly relegated to a “feminist” or “gender” only thing, bogged down by religion and politics, an underdog among individual rights (Scott Lemieux over at Lawyers, Guns & Money also notes something along this lines. LGM has been consistently slamming the Texas law and the SCOTUS response). And that’s why I did not exactly lament the conference cancellation, even if it borderline breached freedom of speech. It rhymed with an underway underhand undoing of that underdog.
A post in RCL (picked by Brandon here) makes an interesting case regarding the feasibility of free choice for both parts of the equation, doctor and patient. However, it also reminded me of this haunting story, and the possibility of a gap between elegant theory and brutal reality:
Italian doctors on trial for manslaughter after refusing abortion (Financial Times)
The FT article also showcases the heavy information asymmetries that plague healthcare services-at-large, which serve as a foundation for state intervention, be it regulation, public supply or whatnot. At least in the realm of textbook econ as I remember it.
The other day, I used the same apparatus – old reliable econ – peppered with some basic public choice insights to smite a couple of state initiatives (in my head, that is).
(1) The Greek government recently ramped-up the vaccination push through mandates, prohibitions and fines. More heavy – handed intervention will beget more bottom-up webs that game the system, I decreed (right, late Mancur Olson documented this in his Power and Prosperity book, especially if the public’s trust is lacking, just pushing open an already unbarred door here). As it turns out:
(2) A law enacted in early 2020 awards a one-off allowance of EUR 2,000 (that would be like four times the Greek minimum wage) for every childbirth (there are some conditions to be met, income level, residence etc, but they are quite lax). So, a generous gesture, meant to incentivize people to have children, and also to offer support with child-rearing costs, according to the relevant explanatory memorandum. The law is seated in the state’s duty to protect “family…motherhood and childhood”, somewhere in the underbelly of our Constitution’s list of individual and social rights.
At the face of all these, the free-market credo in my econ grasp whispered:
I will not fail in my strike, warrior. I will not fail in my strike.The Last Mythal
I unfolded my offensive in two lines. First, the smell test: Nudging a life-changing decision with just a hand-out seems overstretched (a scheme of consistent financial aid is a different beast). And second, the econ-kick-in: This subsidy (you can actually feel my contempt here) will have the fate of other transfers that mess with the price mechanism. Will not the maternity services providers just jack-up prices to take a slice? Presto! (I left the actual cost – organizing/ funding – of implementing the policy plus the arbitrariness of the sum out, as too easy targets).
Well, the jury is still out about the first part, since it’s mostly an issue of empirical analysis. It surely made a nice PR exercise (that could also have a positive effect, and maybe this was the main point from the start). My price call went out of the window, though. The relevant costs have barely budged from the last time we needed maternity services, few years ago. First-hand observation is not statistics, but it did the trick. Nice, neat and clean inferences can still be BS, obviously.
- I can’t do it. It’s too difficult. The real world has me roped in pretty tightly
- Y’all take good care now, and keep checking in on a daily basis!
- Too busy, one love!
So late that went live on Tuesday
But Who Tells Them What To Sing? (Longreads)
On film choruses. There is so much behind this curtain. An excerpt:
I wanted to find out who among this massive group would be the one to say “hey, let’s add a chorus and have it sung in Sanskrit” or something along those lines. The answer turns out to be: Pretty much any of them can and sometimes do. What film choruses offer us is a perfect synecdoche for the collective, frenzied, and deeply mercenary magic that creates movies in the first place. It’s as likely that a director had the screenwriter invent specific lyrics early in post-production as that a subcontractor, assistant composer, or orchestrator jotted down some words or went on a Wikipedia deep-dive eight weeks out from release in a desperate late-night quest for a non-copyrighted text to use with a cue that might please a bunch of suits half a world away.
Thinking like a conservative (Claremont Review of Books)
- Sorry, too busy. Michalis’ Monday morning linkfest should be up in a few hours, though!
- Do Korean “K-dramas” signal the weakening of America’s global cultural dominance? Ronald Dworkin, Law & Liberty
- The Taliban’s special units leading the fight against Islamic State Fazelminallah Qazizai, Newlines
- Being pro-choice Andrew J Cohen, Radical Classical Liberals
- The promise, and peril, of public-facing scholarship Paul Musgrave, Duck of Minerva
- Hayekian evolutionism and omitting the nation-state Scott Boykin, JLS
- Progress by consent: Adam Smith was right all along William Easterly, RAE
- Greater Britain or Greater Synthesis? Imperial debates (pdf) Daniel Deudney, RIS
- Bloodletting Whitney Curry Wimbish, North American Review
While global attention is understandably focused on the turmoil in Afghanistan, another major challenge for US President Joe Biden is likely to be the restoration of the Iran Nuclear Deal/JCPOA (Joint Comprehensive Program of Action). While to begin with the negotiations between Iran and other signatories (the US was part of these indirect talks) to the 2015 JCPOA offered a ray of hope, since June there has been no progress.
Iran’s nuclear program, and its foreign policy in the Middle East (especially its support to proxies), have emerged as the contentious issues between Iran and other signatories to the 2015 JCPOA.
In an important statement, Iran’s supreme leader Ayatollah Ali Khamenei recently said that:
America’s current administration is no different from the previous one, because what it demands from Iran on the nuclear issue is different in words, but the same thing that Trump demanded
After facing flak for his handling of Afghanistan, Biden would not like to send out a message that his approach towards Iran is similar to his predecessor.
Here it would be pertinent to point out that senior officials in the Biden administration have hinted at their impatience with the lack of progress. The US President, after his meeting with Israeli PM Naftali Benett, said:
We’re putting diplomacy first and see where that takes us. But if diplomacy fails, we’re ready to turn to other options
The Israeli PM (whose stance on Iran is identical to that of his predecessor) is supposed to have praised Biden’s clarity with regard to curbing Iran’s nuclear program.
The attack on Mercer Street in July 2021 was criticised not just by Israel, but also the UK and US. The US Secretary of State had alluded to retaliatory action.
The election of hardliner Ebrahim Raisi, in June 2021, was, according to analysts and commentators, likely to be a major stumbling block to the revival of the JCPOA. Ever since taking over, though, the Iranian President has moderated his stance considerably, and has spoken to French President Immanuel Macron, and also held an in-person meeting with Japanese Foreign Minister Toshimitsu Motegi, who visited Iran. During both meetings, Raisi put forward Iran’s views on the JCPOA saying that Tehran could not accept some of the conditionalities which other signatories to the deal are trying to impose. The Iranian President, during his conversation with Macron, criticised the US for imposing more sanctions.
CIA Chief William Burns, one of the architects of the 2015 JCPOA, also visited Israel, and is supposed to have discussed the Iran Nuclear deal with senior Israeli officials.
Challenges for Iran’s economy
It would be pertinent to point out that Iran’s currency, the Rial, has taken a significant beating in recent weeks as a result of the domestic uncertainty as well as the turmoil in Afghanistan. Even before Raisi had taken over as President, the country was afflicted with numerous economic challenges, including rising inflation (this was estimated at well over 30%). The covid19 situation as well as US sanctions had been held responsible for the economic crisis.
There were protests as a result of water shortages and power shortages as well. While there are high expectations from Raisi, there is a realization in Iran that unless the US removes sanctions Iran’s economy is unlikely to witness a recovery.
In conclusion, it is important for the Biden administration to give priority to negotiations related to the Iran deal, and to refrain from adopting a path similar to that of the Trump administration. Raisi’s hardline credentials, as well as his proximity to Khamenei, put him in a better position as far as negotiations pertaining to the Iran Nuclear deal are concerned. Time is running out, and Washington DC will need to give some elbow room to the new president. The US should also realize that reduction of tensions with Iran could be handy since Tehran has links with the Taliban.
While the outreach by France and Japan to Iran is encouraging, Washington DC itself needs to adopt a flexible approach vis-à-vis the JCPOA and should not lose patience. It is also important for Washington to not allow Israel to influence its Iran policy.