Abundance or scarcity?

Abundance is a new book that has been attracting attention and debate among mainstream economists and politicians.  It aims to explain to Democrat members in the US why their party lost the election to Trump (narrow as that result was).  The authors, Ezra Klein and Derek Thompson, writers at very liberal mainstream The New York Times and The Atlantic, respectively, argue that it was because the Democrats and supporters of ‘liberal democracy’ have lost their ability in government to carry out great projects that could deliver the things and services that working people (called the ‘middle class’ in America) need.

Abundance or scarcity?

Cyberattack on Strategic Culture Foundation… Proving Truth Is the First Casualty of War

Truth may be an early casualty of war. But that casualty can be repaired with more supportive truth and time.

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The Strategic Culture Foundation’s online journal was this week hit by a massive cyberattack. The assault resulted in the forum being shut down on its regular internet site. Readers who normally access the journal were informed that the site was no longer available.

Cyberattack on This Journal… Proving Truth Is the First Casualty of War

H/T: News Forensics

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

The World Economic Forum has outed itself as anti-Palestinian

The World Economic Forum has outed itself as anti-Palestinian

A few months later, I received a letter indefinitely suspending my membership. My request for the reasons for my suspension and an appeal has gone completely ignored. So much for the values of “stakeholder capitalism” and “cooperation in a fragmented world” that WEF publicly espouses. More like racism, abuse of power, and lack of transparency. I have learned firsthand that some YGLs are informants leaking private communications directly to the WEF’s leadership. Feels more like an authoritarian regime that spies on its constituency and loathes free speech than a global forum. As for my former YGLs, only a handful of true leaders actually protested my suspension. The silence of the remaining supposed “young global leaders” was deafening, but in retrospect, I realize that their silence is expressive of the exact type of Machiavellian leadership that the WEF seeks to foster.

Related:

WEF—Code of Conduct:

The World Economic Forum adheres to the principles of independence, impartiality, moral integrity and intellectual integrity.

[2021] Can we improve the world by remaining impartial?

What do you do when violent conflict erupts, innocent people get killed, and human rights are being violated? I believe any person with a heart and a moral compass would feel compelled to condemn the aggressors. Not doing so feels wrong on a moral level, and could raise the risk of further escalation. Are we misguided then, as an international institution, to not speak out unequivocally when conflicts emerge, and innocent people suffer? Are we “hiding” behind our impartiality?

[2022] Klaus Schwab and Børge Brende Statement on Ukraine

We therefore deeply condemn the aggression by Russia against Ukraine, the attacks and atrocities.