Not long ago I had occasion to consider Russia's manufacturing base relative to that of the West--and concluded that while the country is important as a producer of certain commodities, and has real strengths in some exacting areas, as a whole its manufacturing output looks like that of a developing country on the Mexico-Turkey level, and fairly unevenly at that, in part as a result of its unique history (with areas of world-caliber consequences offset by areas of extreme weakness).
While my conclusion was initially based on per capita manufacturing output, and on Russia's production and consumption of steel, machine tools and semiconductors (and I might add, on the contrast between Russia's status in aerospace and Russia's status in information technology), I have more recently had occasion to think about the installation of industrial robots--and in particular about "robot density"--as a useful metric in this area.
As it happened, when surveying the data (mainly with Britain in mind) I noticed that Russia is not even listed among the major users--who tended to at least be in the area of 200 robots per 10,000 manufacturing workers in 2021 (with the U.S. closing on 300, and China past that mark), with the most highly industrialized states in cases having much more, especially to the extent that they have robust, high-capital, high-productivity, high-tech sectors like autos and electronics (Germany and Japan both having about 400, and South Korea 1,000, per 10,000 workers).
Looking elsewhere for a Russian figure I did not find one for 2021, but I did find one for 2019.
The figure was six. Six robots per ten thousand workers.
Assuming Russian industry sustained the growth rate seen in the prior two years (it was four in 2017, translating to a 23 percent a year growth rate--proportionally rather faster than China in the same period), this would have worked out to no more than ten robots in 2021. Had it added as many new units per worker as China, it would have still been in the 30-40 range.
Going by this figure (which is probably wildly overoptimistic; even the 10-robots-per-10,000 workers may be overoptimistic for all I know, given the obstacles to the country's investment in the technology) Russia's robot density would still have been not only a very small fraction that of the U.S. or China, let alone that of a Korea, but well below the average for the planet as a whole (the global mean about 141 robots per worker in 2021), far behind even the weakest of the major industrialized powers (Britain having not much more than 100 robots per 10,000 workers at last count), and only where Mexico is (somewhere around forty robots per 10,000 workers). The result is that this, too, seems to support the reading of Russia's economy as still well behind that of the advanced industrialized countries, especially in these critical areas.
Wednesday, December 7, 2022
A Note on the NATO-Russia Military-Industrial balance
In reading up on the Russo-Ukrainian conflict I have found myself thinking about the claims some, outside the mainstream media but commanding considerable audiences (to go by the sales of their books, the comment threads on their blog posts, the measure of attention they get in certain corners of the Web), have made along the lines of a deindustrialized U.S. and NATO are weaker, and Russia stronger, in the military-industrial sphere than is generally reported by the conventional metrics, and usually assumed--which seem to have had traction with the war's dragging as it has, reports of massive and disproportionate Ukrainian casualties, and claims about NATO stocks of weaponry being depleted by transfers to Ukraine to help it with what is only a relatively limited conflict. (Indeed, Emmanuel Todd, who has long been a skeptic of the claims regarding U.S. economic strength and the substance of "post-industrial" economies generally, has recently added his voice to those already arguing this position.)
Given my long interest in the failings of the conventional wisdom regarding economic life--which are many and severe--the essential claim got my attention (the more in as I have so recently been attentive to the question of deindustrialization in countries like the U.S. and Britain specifically). And I have since tried to take a systematic look at the available data to check it (which you can find, with all the figures and all the footnotes, here).
Short version: that look persuaded me that some display an exaggerated view of Russia's weaknesses (all too familiar from, and not implausibly an extension of, the disdain that characterized so much writing about Russia in the Cold War era). As the supply shocks of this year remind all, the country's economy is not reducible to a giant "gas station," but a producer of numerous essential commodities of other kinds, not just foodstuffs but manufactured goods as well, among them crucial agricultural inputs like fertilizer, and metals (the country recently the world's second greatest steel exporter, in 2020 putting over 30 million tons on the international market). The country also has its undeniable strengths in some demanding industrial areas, like aerospace and defense generally.
Still, the kinds of goods Russia exports, and the overall numbers regarding Russian production (certainly per capita output numbers), seem to me indicative of a developing country, broadly on a level with Mexico or Turkey, albeit with significant "legacy" strengths from the Soviet era (with aerospace-defense the outstanding example). And sure enough the disparity in resources between NATO and Russia is gigantic--with NATO having an 11 to 1 edge in GDP (that's if we go by PPP-adjusted figures; it's more like 24-to-1 if we don't). Of course, some call out GDP as decreasingly meaningful in today's world (certainly Todd makes his case on these grounds), but going by value added the gap is a no less formidable 24-to-1 in manufacturing output, with an assessment of their consumption of critical inputs suggesting some substance to the figure. NATO's steel use is 5 or 6-to-1 Russia's by tonnage, its machine tool consumption greater by a 12-to-1 margin and its consumption of semiconductors perhaps two hundred times Russia's--while in the latter areas the production gap is greater, with NATO recently outproducing Russia 60-to-1 in machine tools, and Russian semiconductor production so marginal that any quantitative comparison risks exaggerating Russia's strength. (Reportedly Russia's biggest and most advanced producer is now producing 65 nanometer chips--the stuff of 2004-2007.)
One may add that the disparity between Russia and any one NATO country are smaller, but even all by itself the U.S has immense advantages--at least twice Russia's population and four times its GDP by even the most favorable measures, and for all the reality of its deindustrialization, by itself has eleven times Russia's manufacturing output (and far, far more in critical areas like microchip production).
Of course, that said no conflict is wholly and simply reducible to the output of the two sides--this one less than most, given the extensiveness and complexity of international involvement, and the dangers of escalation. But all the same--and again, even acknowledging the trend of economic life in the U.S. and other advanced industrial nations--any notion of the Western economies having so thoroughly hollowed out as to leave them at a disadvantage facing Russia (for that matter, at anything but a considerable advantage to Russia) seems simply unsupportable on the basis of the available information, while those taking that line, if bringing some justified skepticism to the conversation, offer no alternative foundation for their conclusions.
Given my long interest in the failings of the conventional wisdom regarding economic life--which are many and severe--the essential claim got my attention (the more in as I have so recently been attentive to the question of deindustrialization in countries like the U.S. and Britain specifically). And I have since tried to take a systematic look at the available data to check it (which you can find, with all the figures and all the footnotes, here).
Short version: that look persuaded me that some display an exaggerated view of Russia's weaknesses (all too familiar from, and not implausibly an extension of, the disdain that characterized so much writing about Russia in the Cold War era). As the supply shocks of this year remind all, the country's economy is not reducible to a giant "gas station," but a producer of numerous essential commodities of other kinds, not just foodstuffs but manufactured goods as well, among them crucial agricultural inputs like fertilizer, and metals (the country recently the world's second greatest steel exporter, in 2020 putting over 30 million tons on the international market). The country also has its undeniable strengths in some demanding industrial areas, like aerospace and defense generally.
Still, the kinds of goods Russia exports, and the overall numbers regarding Russian production (certainly per capita output numbers), seem to me indicative of a developing country, broadly on a level with Mexico or Turkey, albeit with significant "legacy" strengths from the Soviet era (with aerospace-defense the outstanding example). And sure enough the disparity in resources between NATO and Russia is gigantic--with NATO having an 11 to 1 edge in GDP (that's if we go by PPP-adjusted figures; it's more like 24-to-1 if we don't). Of course, some call out GDP as decreasingly meaningful in today's world (certainly Todd makes his case on these grounds), but going by value added the gap is a no less formidable 24-to-1 in manufacturing output, with an assessment of their consumption of critical inputs suggesting some substance to the figure. NATO's steel use is 5 or 6-to-1 Russia's by tonnage, its machine tool consumption greater by a 12-to-1 margin and its consumption of semiconductors perhaps two hundred times Russia's--while in the latter areas the production gap is greater, with NATO recently outproducing Russia 60-to-1 in machine tools, and Russian semiconductor production so marginal that any quantitative comparison risks exaggerating Russia's strength. (Reportedly Russia's biggest and most advanced producer is now producing 65 nanometer chips--the stuff of 2004-2007.)
One may add that the disparity between Russia and any one NATO country are smaller, but even all by itself the U.S has immense advantages--at least twice Russia's population and four times its GDP by even the most favorable measures, and for all the reality of its deindustrialization, by itself has eleven times Russia's manufacturing output (and far, far more in critical areas like microchip production).
Of course, that said no conflict is wholly and simply reducible to the output of the two sides--this one less than most, given the extensiveness and complexity of international involvement, and the dangers of escalation. But all the same--and again, even acknowledging the trend of economic life in the U.S. and other advanced industrial nations--any notion of the Western economies having so thoroughly hollowed out as to leave them at a disadvantage facing Russia (for that matter, at anything but a considerable advantage to Russia) seems simply unsupportable on the basis of the available information, while those taking that line, if bringing some justified skepticism to the conversation, offer no alternative foundation for their conclusions.
Tuesday, December 6, 2022
Keir Starmer's Bloviating and Britain's Robot Density: A Note
Ours is not a great age for oratory, least of all in the political sphere. Still, having had occasion to close-read the remarks of Keir Starmer these past couple of years, the attention accorded his speech to the Confederation of British Industry made it seem reasonable to take up the sure-to-be-dismaying task of perusing the official transcript.
As I had grown to expect with any major statement from Starmer the reading experience mostly consisted of suffering through another recitation of the same New Labour vintage 2022 clichés he uttered in the Labour Party Conference keynote back in September. "Aspiration" and a "fair chance" for people to "succeed." "Partnership" of government with business. Supply-side economics, but "modern" and somehow not "trickle-down" but rather a "New Deal for working people." Yada yada yada, one may say--except that I can't get over Starmer's expecting anyone in 2022 to take seriously the idea that British investors are just itching to pour money into "green" manufacturing and will happily do so if the British government, incidentally while balancing books in extreme disarray, arranges a bit of that "education"/job training for the country's "skill and application"-lacking proles that '90s-era neoliberals always sang as the solution to every problem, and likewise arranges for there to be a few more psychiatrists to aid with their mental health "issues," as if that were all that was holding the country back from the "march of the makers" supposed to lead to some Promised Land of a high-productivity, high-wage economy--and the rescue of the planet to boot! (In reality, thus do Climate Change Action Plans turn instead into natural gas bridges that go on and on what seems like forever to . . . well, we'll find out sometime--and, as the centrists applaud their sniveling about "the art of the possible" as "adults in the room"-caliber "leadership," get reduced to mere footnotes in recountings of the history when anyone bothers to actually write any.)
Still, amid all that a couple of details did catch my eye.
One was Starmer's enlarging a bit on the plan for a British sovereign wealth fund he mentioned in passing in the keynote address. He says that his government would "use it to manage risk on the critical investments we need to become a green growth superpower. But also--to create spill-over opportunities for businesses and supply chains right across the country in manufacturing and services." (It's still hazy in the extreme--the more in as, in line with New Labour tradition and yet more of the rhetoric he is adding to the stock of cliché by way of repeating so much of it from prior speeches--he insists that "sound money . . . come first," and the government not only have every policy "fully costed" but "reduce debt as a share of our economy," even if "this means . . . we won't be able to do . . . good Labour things . . . as quickly as we might like." Still, it's a little more than we got the last time.)
Another, more surprising bit, was his reference to Britain's "robot density," Starmer remarking that "Britain has fewer industrial robots than almost every comparable countries. We're behind Germany, France, Spain, Slovenia, Slovakia, Belgium--it's a long list."
This being a political speech and Starmer having much else to get to he gave no details (not his forte, anyway), but information on the situation he referenced has been easy to find.
According to the International Federation of Robotics (the main source of statistics of this kind) Britain has a hundred robots per ten thousand workers--which is below average for the world as a whole (the norm 126 per 10,000), never mind the advanced industrial countries.
Where the Group of Seven (G-7) advanced industrial countries are concerned this is about half the figure for Canada (178), France (194) and Italy (224), about two-fifths that of the U.S. (255), and a quarter that of Germany (371) and Japan (390).
Not to be neglected are the figures for the newer industrializers. If China's manufacturing output remains a long way from that of the G-7 it is on par with that of the more advanced states in this important area--with nearly the robot density of the U.S. (246), and Taiwan's figure about the same (248), Hong Kong's a little higher (275), Singapore's more impressive still (605), and South Korea in this way as in so many others, an outlier, with more than twice the robot density of any G-7 member, and about nine times the robot density of Britain (932). Nine.
Considering all this in light of other metrics, like per capita manufacturing output (which has South Korea and Germany and Japan at the top of the list, the U.S. some way down from there, Italy below that, and Britain at the bottom of the advanced country list, so far down China is coming up fast in its rear-view mirror), it seems to me that there is a broad consistency here, affirming that robot density is a meaningful indicator of a country's industrial investment, capability, dynamism. This seems to be reinforced by the fact that investment in robotics is hardly even across the range of industries most evident in high-tech, high-capital sectors. The automotive sector is at the forefront, and electronics not far behind.
The fact that Germany, Japan and South Korea are particularly formidable in those areas (and Britain, to put it mildly, is less so) seems to me to be far from irrelevant to the outcome.
Significant, too, is the fact that if the number of British robot installations is growing, and not by a little either, the country's position in 2020 suggested its falling further behind rather than closing the gap, with all that implies about what these years have meant for investment in a British manufacturing base long starved of it (and what the odds are for any more such investment, in or out of any "Green Prosperity Plan").
As I had grown to expect with any major statement from Starmer the reading experience mostly consisted of suffering through another recitation of the same New Labour vintage 2022 clichés he uttered in the Labour Party Conference keynote back in September. "Aspiration" and a "fair chance" for people to "succeed." "Partnership" of government with business. Supply-side economics, but "modern" and somehow not "trickle-down" but rather a "New Deal for working people." Yada yada yada, one may say--except that I can't get over Starmer's expecting anyone in 2022 to take seriously the idea that British investors are just itching to pour money into "green" manufacturing and will happily do so if the British government, incidentally while balancing books in extreme disarray, arranges a bit of that "education"/job training for the country's "skill and application"-lacking proles that '90s-era neoliberals always sang as the solution to every problem, and likewise arranges for there to be a few more psychiatrists to aid with their mental health "issues," as if that were all that was holding the country back from the "march of the makers" supposed to lead to some Promised Land of a high-productivity, high-wage economy--and the rescue of the planet to boot! (In reality, thus do Climate Change Action Plans turn instead into natural gas bridges that go on and on what seems like forever to . . . well, we'll find out sometime--and, as the centrists applaud their sniveling about "the art of the possible" as "adults in the room"-caliber "leadership," get reduced to mere footnotes in recountings of the history when anyone bothers to actually write any.)
Still, amid all that a couple of details did catch my eye.
One was Starmer's enlarging a bit on the plan for a British sovereign wealth fund he mentioned in passing in the keynote address. He says that his government would "use it to manage risk on the critical investments we need to become a green growth superpower. But also--to create spill-over opportunities for businesses and supply chains right across the country in manufacturing and services." (It's still hazy in the extreme--the more in as, in line with New Labour tradition and yet more of the rhetoric he is adding to the stock of cliché by way of repeating so much of it from prior speeches--he insists that "sound money . . . come first," and the government not only have every policy "fully costed" but "reduce debt as a share of our economy," even if "this means . . . we won't be able to do . . . good Labour things . . . as quickly as we might like." Still, it's a little more than we got the last time.)
Another, more surprising bit, was his reference to Britain's "robot density," Starmer remarking that "Britain has fewer industrial robots than almost every comparable countries. We're behind Germany, France, Spain, Slovenia, Slovakia, Belgium--it's a long list."
This being a political speech and Starmer having much else to get to he gave no details (not his forte, anyway), but information on the situation he referenced has been easy to find.
According to the International Federation of Robotics (the main source of statistics of this kind) Britain has a hundred robots per ten thousand workers--which is below average for the world as a whole (the norm 126 per 10,000), never mind the advanced industrial countries.
Where the Group of Seven (G-7) advanced industrial countries are concerned this is about half the figure for Canada (178), France (194) and Italy (224), about two-fifths that of the U.S. (255), and a quarter that of Germany (371) and Japan (390).
Not to be neglected are the figures for the newer industrializers. If China's manufacturing output remains a long way from that of the G-7 it is on par with that of the more advanced states in this important area--with nearly the robot density of the U.S. (246), and Taiwan's figure about the same (248), Hong Kong's a little higher (275), Singapore's more impressive still (605), and South Korea in this way as in so many others, an outlier, with more than twice the robot density of any G-7 member, and about nine times the robot density of Britain (932). Nine.
Considering all this in light of other metrics, like per capita manufacturing output (which has South Korea and Germany and Japan at the top of the list, the U.S. some way down from there, Italy below that, and Britain at the bottom of the advanced country list, so far down China is coming up fast in its rear-view mirror), it seems to me that there is a broad consistency here, affirming that robot density is a meaningful indicator of a country's industrial investment, capability, dynamism. This seems to be reinforced by the fact that investment in robotics is hardly even across the range of industries most evident in high-tech, high-capital sectors. The automotive sector is at the forefront, and electronics not far behind.
The fact that Germany, Japan and South Korea are particularly formidable in those areas (and Britain, to put it mildly, is less so) seems to me to be far from irrelevant to the outcome.
Significant, too, is the fact that if the number of British robot installations is growing, and not by a little either, the country's position in 2020 suggested its falling further behind rather than closing the gap, with all that implies about what these years have meant for investment in a British manufacturing base long starved of it (and what the odds are for any more such investment, in or out of any "Green Prosperity Plan").
Understanding the American Political Spectrum: Four Points
In considering the American political spectrum it seems worth stressing four points.
1. The mainstream of American politics has throughout its entire history, and certainly its history since the Depression-World War II era, not really included a "left" (in the sense of people who unabashedly espouse the Enlightenment's position that we can use reason to understand society down to its roots and radically alter its structure for the better, that such change is not just possible but desirable and necessary, etc., the way that socialists do). Instead it has just a right and a "center."
2. The right and center are both conservative (in the sense of regarding reason and reason-driven social change of that nature as a false hope that is destructive when people act upon it, inclining them to instead accept what exists in line with the beliefs of the "Counter-Enlightenment," with this the grounds for that critical tenet of latterday conservatism, anti-Communism). However, the right and center may be said to represent different elements in the conservative and anti-Communist traditions. The right emphasizes loyalty to tradition. (It is embodied in Barry Goldwater saying that "We must, and we shall, return to proven ways . . . because they are true.") The center espouses the more pragmatic, compromising, sometimes "Everything must change for everything to remain the same" side of conservatism (such that, as it opposed Communism, it was prepared to make social concessions, as seen in the New Deal, rather than simply insist on the sanctity of "free markets").
3. The American right and center have together shifted rightward along the modern political spectrum since that mid-twentieth century period (as seen in the fact that neoliberalism and neoconservatism have both become the country's political default mode).
4. The main disagreement between right and center today is in the cultural sphere--and underlines the reality of a clash of differing conservatisms. (Where the older civil rights tradition was rationalistic and concerned with objective fairness, universalist, and hopeful of progress--and so classically left-leaning--the subjectivist, particularist, pessimistic outlook of identity, or "status," politics is in its premises, working, sound and feel plain old rightist nationalism, and people mainly confused about the difference because of 1. Being more used to seeing such nationalism on the part of dominant groups and not knowing what to make of it when it comes from those who are dominated, and 2. The residues of the old civil rights movement.)
If what this leaves us with is a conservative right and center, then why do we hear of the "left" constantly? Beyond the sloppiness with political terminology to which even "experts" seem to think themselves entitled the simple answer is that there is really a right in America, and the tendency to think in terms of every issue as having no more than exactly "two sides" means that what is not right is "left." This is reinforced by the tendency of the right to see those as left of itself as too close to the left for comfort; the fact that accusing them of being far more left than they are has been a longstanding political habit, the easier to keep up in an age in which what is "right" keeps moving rightward; and the fact that not having had to really contend with a left at home leaves them that much less likely to take a nuanced view. Moreover, this suits the center just fine--often happy as it is to present itself as more leftward than it really is, and not too distressed at a delineation of the political spectrum that treats the left (centrism's primary target from the start) as effectively nonexistent, left on the ash heap of history as the conversation was redefined.
But all this seems to me to do much more harm than good to our understanding of politics--the drivers behind and limitations of various tendencies, and what it all means as very possibly the spectrum shifts yet again. After all, if in the main it has been the right that has grabbed headlines and won elections, the word "socialist" has entered the American mainstream discourse as something other than a hyperbolic epithet, while the labor movement is stirring in a way that neoliberals had hoped to never see again.
Confusing a bunch of conservative centrists with actual leftists helps no one's understanding of such matters, however much it suits the convenience of political hacks without respect for fact, truth, history or language.
1. The mainstream of American politics has throughout its entire history, and certainly its history since the Depression-World War II era, not really included a "left" (in the sense of people who unabashedly espouse the Enlightenment's position that we can use reason to understand society down to its roots and radically alter its structure for the better, that such change is not just possible but desirable and necessary, etc., the way that socialists do). Instead it has just a right and a "center."
2. The right and center are both conservative (in the sense of regarding reason and reason-driven social change of that nature as a false hope that is destructive when people act upon it, inclining them to instead accept what exists in line with the beliefs of the "Counter-Enlightenment," with this the grounds for that critical tenet of latterday conservatism, anti-Communism). However, the right and center may be said to represent different elements in the conservative and anti-Communist traditions. The right emphasizes loyalty to tradition. (It is embodied in Barry Goldwater saying that "We must, and we shall, return to proven ways . . . because they are true.") The center espouses the more pragmatic, compromising, sometimes "Everything must change for everything to remain the same" side of conservatism (such that, as it opposed Communism, it was prepared to make social concessions, as seen in the New Deal, rather than simply insist on the sanctity of "free markets").
3. The American right and center have together shifted rightward along the modern political spectrum since that mid-twentieth century period (as seen in the fact that neoliberalism and neoconservatism have both become the country's political default mode).
4. The main disagreement between right and center today is in the cultural sphere--and underlines the reality of a clash of differing conservatisms. (Where the older civil rights tradition was rationalistic and concerned with objective fairness, universalist, and hopeful of progress--and so classically left-leaning--the subjectivist, particularist, pessimistic outlook of identity, or "status," politics is in its premises, working, sound and feel plain old rightist nationalism, and people mainly confused about the difference because of 1. Being more used to seeing such nationalism on the part of dominant groups and not knowing what to make of it when it comes from those who are dominated, and 2. The residues of the old civil rights movement.)
If what this leaves us with is a conservative right and center, then why do we hear of the "left" constantly? Beyond the sloppiness with political terminology to which even "experts" seem to think themselves entitled the simple answer is that there is really a right in America, and the tendency to think in terms of every issue as having no more than exactly "two sides" means that what is not right is "left." This is reinforced by the tendency of the right to see those as left of itself as too close to the left for comfort; the fact that accusing them of being far more left than they are has been a longstanding political habit, the easier to keep up in an age in which what is "right" keeps moving rightward; and the fact that not having had to really contend with a left at home leaves them that much less likely to take a nuanced view. Moreover, this suits the center just fine--often happy as it is to present itself as more leftward than it really is, and not too distressed at a delineation of the political spectrum that treats the left (centrism's primary target from the start) as effectively nonexistent, left on the ash heap of history as the conversation was redefined.
But all this seems to me to do much more harm than good to our understanding of politics--the drivers behind and limitations of various tendencies, and what it all means as very possibly the spectrum shifts yet again. After all, if in the main it has been the right that has grabbed headlines and won elections, the word "socialist" has entered the American mainstream discourse as something other than a hyperbolic epithet, while the labor movement is stirring in a way that neoliberals had hoped to never see again.
Confusing a bunch of conservative centrists with actual leftists helps no one's understanding of such matters, however much it suits the convenience of political hacks without respect for fact, truth, history or language.
Tuesday, November 15, 2022
Centrism and the Epithet "Conspiracy Theorist"
The term "conspiracy" is defined by the Oxford English Dictionary as "[a] combination of persons for an evil or unlawful purpose; an agreement between two or more persons to do something criminal, illegal, or reprehensible."
That being the case it would seem obviously indisputable that conspiracies happen all the time, especially in political life--while it would seem that a hypothesis that some event or other was the result of a conspiracy would not be intrinsically illegitimate, but rather a thing to be judged on its own merits, or lack thereof.
Yet the term "conspiracy theorist" has become an epithet. Of course, those who defend the term's use as such try to stress that a "conspiracy theorist" is somehow not someone who merely hypothesizes that there has been a conspiracy in some particular situation, more or less plausibly, but rather displays some deep, irrational tendency to imagine conspiracy where none exists. The attempt to draw a general-purpose distinction betrays a real strain, the more obvious in as the term is so readily deployed in contemporary political discourse.
Simply put, alleging conspiracy in political life is treated as automatically suspect as illegitimate--and considering the assumptions of the political centrism that defines mainstream discourse in the U.S. it is easy to see why. After all, a "conspiracy theory" is identified as such only because the alleged "combination of persons for an evil or unlawful purpose" does not have the recognition of the "consensus" (otherwise it would be called something else), with said non-recognition a big problem given the centrist's high regard for "consensus" (not really much more than what Authority tells you things are like)."
Moreover, the allegation itself flouts centrist premises in a deeper manner. After all, the charge of conspiracy implicitly entails a suspicion of elites, and alertness to differences in power--while the centrist typically demands deference to elites, and treats differences of power as effectively nonexistent.
Simply put, the centrist holds that, certainly in a complex modern society, especially of the liberal democratic type, power is so diffused--not least among voters and consumers--that in the end everyone has it, and therefore no one has it--which pretty much rules out meaningful conspiracy as a possibility. Indeed, merely to broach the idea of people having power--to say that society is arranged in a certain way--implicitly a way in which it ought not to be arranged--is to depart the "civil," "pragmatic" politics which take the status quo as a given for an "ethical" and "ideological" politics where people talk about what should be, or might be, that is necessarily outside the bounds of legitimate discourse so far as the centrist is concerned--while given the centrist's inclination to psychologism, and in particular their view of anyone not unquestioningly accepting the status quo as mentally ill, those who suspect elites for whom the centrist demands respects can only be "paranoid."
Thus is it that anyone who points out what everyone knows--that, irregardless of centrist ideology, there are differences in power in society, and those who have power use it for their ends in ways that are neither benign nor open--sneeringly identified with tinfoil hat wearers. In the process the term, like so much else in the vocabulary of the contemporary political mainstream, obscures rather than explains reality. But it does undeniably speak volumes about the centrists who so delight in tossing the term "conspiracy theory" about, while crowning all of this with the irony that, just as centrists accuse others of being ideologues while being indisputable, highly vehement, ideologues themselves, even as they fling the epithet "conspiracy theorist" at others they give themselves a free pass with their own conspiracy theories, examples of which are by no means few.
That being the case it would seem obviously indisputable that conspiracies happen all the time, especially in political life--while it would seem that a hypothesis that some event or other was the result of a conspiracy would not be intrinsically illegitimate, but rather a thing to be judged on its own merits, or lack thereof.
Yet the term "conspiracy theorist" has become an epithet. Of course, those who defend the term's use as such try to stress that a "conspiracy theorist" is somehow not someone who merely hypothesizes that there has been a conspiracy in some particular situation, more or less plausibly, but rather displays some deep, irrational tendency to imagine conspiracy where none exists. The attempt to draw a general-purpose distinction betrays a real strain, the more obvious in as the term is so readily deployed in contemporary political discourse.
Simply put, alleging conspiracy in political life is treated as automatically suspect as illegitimate--and considering the assumptions of the political centrism that defines mainstream discourse in the U.S. it is easy to see why. After all, a "conspiracy theory" is identified as such only because the alleged "combination of persons for an evil or unlawful purpose" does not have the recognition of the "consensus" (otherwise it would be called something else), with said non-recognition a big problem given the centrist's high regard for "consensus" (not really much more than what Authority tells you things are like)."
Moreover, the allegation itself flouts centrist premises in a deeper manner. After all, the charge of conspiracy implicitly entails a suspicion of elites, and alertness to differences in power--while the centrist typically demands deference to elites, and treats differences of power as effectively nonexistent.
Simply put, the centrist holds that, certainly in a complex modern society, especially of the liberal democratic type, power is so diffused--not least among voters and consumers--that in the end everyone has it, and therefore no one has it--which pretty much rules out meaningful conspiracy as a possibility. Indeed, merely to broach the idea of people having power--to say that society is arranged in a certain way--implicitly a way in which it ought not to be arranged--is to depart the "civil," "pragmatic" politics which take the status quo as a given for an "ethical" and "ideological" politics where people talk about what should be, or might be, that is necessarily outside the bounds of legitimate discourse so far as the centrist is concerned--while given the centrist's inclination to psychologism, and in particular their view of anyone not unquestioningly accepting the status quo as mentally ill, those who suspect elites for whom the centrist demands respects can only be "paranoid."
Thus is it that anyone who points out what everyone knows--that, irregardless of centrist ideology, there are differences in power in society, and those who have power use it for their ends in ways that are neither benign nor open--sneeringly identified with tinfoil hat wearers. In the process the term, like so much else in the vocabulary of the contemporary political mainstream, obscures rather than explains reality. But it does undeniably speak volumes about the centrists who so delight in tossing the term "conspiracy theory" about, while crowning all of this with the irony that, just as centrists accuse others of being ideologues while being indisputable, highly vehement, ideologues themselves, even as they fling the epithet "conspiracy theorist" at others they give themselves a free pass with their own conspiracy theories, examples of which are by no means few.
Thursday, November 10, 2022
Giving Everyone a College Degree?
In one of his later novels, Friday, Robert Heinlein tells us that, after the recognition that people with bachelor's degree made on average 30 percent more than non-degree holders a referendum in California granted all of the state's high school graduates a bachelor's degree in the name of eliminating "undemocratic advantage."
The protagonist and narrator of that novel tells us she "can't see anything wrong with it," but, while Heinlein's politics changed through the course of his life, and were at times idiosyncratic or even ambiguous (in part because he was not above backing away from an opinion he gave in the face of backlash), given the period of Heinlein's life in which he published the book, and what he had to say about American education elsewhere, this bit seemed to me obviously satirical--an elitist right-winger's sneer at the ruin of education by a bunch of hare-brained "liberals" with egalitarian notions.
Still, there seems to me a basis for criticizing the proposal from other standpoints--the more obvious for something vaguely reminiscent of that having happened not just in California but the whole country in recent decades. After all, consider what the ultimate object of the California legislation was in Heinlein's story--helping those who are socioeconomically less well-off. As American history itself shows there are many ways to do that--for example, with laws regarding wages and benefits, broadening the room for maneuver enjoyed by organized labor, the improvement of public services, transfer payments, etc., all of which those broadly identifying as liberals once championed. However, instead those who passed for "liberals" in America (reflecting their meritocracy-mindedness, and their accommodation of themselves to a neoliberal outlook in which the other measures were less acceptable than before) increasingly fixated on "sending everyone to college" what they presented as a vision of uplift of the underprivileged.
Not everyone went, of course. But the percentage of people with degrees expanded enormously--nearly four in ten American adults now having a B.A.. By contrast incomes did not expand in the same manner. This was, of course, partly a matter of the consistently lousy growth record of this period--but even relative to growth workers' incomes simply did not move up, with, in spite of the notion that a degree is a magical amulet protecting the bearer against a global economy that is dark and full of terrors, the majority of B.A.-holding college graduates suffering from the same trend as everyone else. Of course, some of this was a matter of students getting degrees unlikely to be remunerative (thus the horror story of Columbia University film school graduates with which the Wall Street Journal regaled the country not so long ago), but even that can seem a matter of the fetish of which some have made college--and the broader reality of a credentialing crisis in which degrees are requiring larger investments and delivering diminishing returns as a growing number of B.A.-holders competed for a much less rapidly growing number of jobs actually requiring B.A.s; in which "sending everyone to college," far from helping resolve the Social Question, worsened it with a credentialing crisis and the burdening of graduates with trillions of dollars worth of student debt, such that the supposed uplift, as might be expected given its unbelievably half-baked nature, has in itself become a source of crisis for all involved.
The protagonist and narrator of that novel tells us she "can't see anything wrong with it," but, while Heinlein's politics changed through the course of his life, and were at times idiosyncratic or even ambiguous (in part because he was not above backing away from an opinion he gave in the face of backlash), given the period of Heinlein's life in which he published the book, and what he had to say about American education elsewhere, this bit seemed to me obviously satirical--an elitist right-winger's sneer at the ruin of education by a bunch of hare-brained "liberals" with egalitarian notions.
Still, there seems to me a basis for criticizing the proposal from other standpoints--the more obvious for something vaguely reminiscent of that having happened not just in California but the whole country in recent decades. After all, consider what the ultimate object of the California legislation was in Heinlein's story--helping those who are socioeconomically less well-off. As American history itself shows there are many ways to do that--for example, with laws regarding wages and benefits, broadening the room for maneuver enjoyed by organized labor, the improvement of public services, transfer payments, etc., all of which those broadly identifying as liberals once championed. However, instead those who passed for "liberals" in America (reflecting their meritocracy-mindedness, and their accommodation of themselves to a neoliberal outlook in which the other measures were less acceptable than before) increasingly fixated on "sending everyone to college" what they presented as a vision of uplift of the underprivileged.
Not everyone went, of course. But the percentage of people with degrees expanded enormously--nearly four in ten American adults now having a B.A.. By contrast incomes did not expand in the same manner. This was, of course, partly a matter of the consistently lousy growth record of this period--but even relative to growth workers' incomes simply did not move up, with, in spite of the notion that a degree is a magical amulet protecting the bearer against a global economy that is dark and full of terrors, the majority of B.A.-holding college graduates suffering from the same trend as everyone else. Of course, some of this was a matter of students getting degrees unlikely to be remunerative (thus the horror story of Columbia University film school graduates with which the Wall Street Journal regaled the country not so long ago), but even that can seem a matter of the fetish of which some have made college--and the broader reality of a credentialing crisis in which degrees are requiring larger investments and delivering diminishing returns as a growing number of B.A.-holders competed for a much less rapidly growing number of jobs actually requiring B.A.s; in which "sending everyone to college," far from helping resolve the Social Question, worsened it with a credentialing crisis and the burdening of graduates with trillions of dollars worth of student debt, such that the supposed uplift, as might be expected given its unbelievably half-baked nature, has in itself become a source of crisis for all involved.
Wednesday, November 9, 2022
The Post-Work Society, and the Possibility of "Enough": Are Human Wants Insatiable?
In considering the prospect of a post-work society one important question is "Given rising productivity can we imagine a world in which a critical mass of human beings feel they have enough things, sufficiently so that striving after the gain of more things will cease to be central to their lives?"
The standard reply of those who determine the orthodoxy in the field of economics--those who teach in the colleges (especially the colleges where those who get tenured professorships are likely to themselves be trained), those who edit the field's journals and publish in them, those who get prizes like the Nobel--and those who get hired as consultants or appointed to high public office--is "No. Never. Don't even think about it." Indeed, they go to great lengths in arguing why we should not even think about it, dismissing essential physical needs and material realities in favor of a relativistic subjectivism they are prepared to push to preposterous extremes. Thus will they tell us that a billionaire's desire for "one more ivory backscratcher" is no less a "need" than the need of someone literally starving to death for food, and its lack no less painful; and make much of how, for example, we might be able to give everyone a house, but there will only be so many lots around Lake Como, and that this will mean scarcity oppressing us as much as before we gave everyone a house; etc., etc., etc..
In considering such absurdities it seems relevant here that the economists in question espouse a dark, misanthropic view of human nature, and with it a pessimism about the prospects for a free, comfortable, happy life for very many of those on the planet--a view which is not without significant political implications. After all, if human wants are as infinite and insatiable--and relative--as they say then there is no getting off the treadmill of getting and spending, no end to the Rat Race and its ugliness, and no point to any reforms, whose benefits would only be lost on the grubby little can't-ever-satisfy-them bastards they see the general public as being.
Still, if the insatiability of human wants is an article of faith for economists (whose teaching is, of course, seen by many as a faith masquerading as science), it does seem fair to say that others have made a case that the matter is exactly the opposite of the way that such economists tell us it is, the "law of diminishing marginal returns" (ironically, another concept from economics, and indeed its mainstream) operative here. The implication of this argument is that for people who are really poor more money and more consumption (money for food, money for shelter, money to relieve pressing physical wants) really do make for more satisfaction and contentment and "happiness"--while in line with the aforementioned "law" the further away one is from being so poor the less does added money and consumption improve their sense of well-being.
In short, no matter how much orthodox economists sneer, it would seem plausible that that extra ivory back-scratcher really does mean less than that food for the starving person, the house for someone who is homeless mean less than the view of Lake Como for the already well-housed.
Indeed, one study of note suggested that we might hit a point at which simply having more money contributes little to one's sense of subjective well-being, concluding that after a country's per capita National Income hit $13,000 in the terms of a generation ago (or, after adjustment for inflation, $25,000 or so in today's terms) more growth does not in itself produce a sense of greater well-being. Going by World Bank figures at present over thirty countries are above that mark in nominal terms (pretty much all the North American, West European, East Asian and Australasian nations we call "advanced industrial" or "developed"). Dozens more do so when we go by Purchasing Power Parity (with states like Russia or Chile making the cut). Additionally those countries that do not make the cut are often not very far short of it (with the world average closing on $19,000 by the latter measure last year).
Does this mean that anyone whose country has $25,000 a year per capita can sit back content in the knowledge that life is as good as it gets? Of course not, innumerable other factors complicating the issue. People may well be personally poor in a society that is rich--and still left with unmet material needs of such a kind that a bit of money would mean a real improvement in their sense of well-being. A lot depends on how wealth is distributed, and perhaps even more fundamentally on how the provision of essentials is organized. (After all, we know from experience that even in a relatively affluent society--such as the U.S., with a per capita income nearly three times what the study identified as the requirement--a significant fraction of the population may suffer hunger, homelessness and other fundamental material lacks, with all their associated misery.) Still, the existence of scientific evidence that human needs may start being sated at a level well below what millions have, and minute next to what a handful have, is a powerful rejoinder to the preachers of want and misery as humanity's eternal lot.
The standard reply of those who determine the orthodoxy in the field of economics--those who teach in the colleges (especially the colleges where those who get tenured professorships are likely to themselves be trained), those who edit the field's journals and publish in them, those who get prizes like the Nobel--and those who get hired as consultants or appointed to high public office--is "No. Never. Don't even think about it." Indeed, they go to great lengths in arguing why we should not even think about it, dismissing essential physical needs and material realities in favor of a relativistic subjectivism they are prepared to push to preposterous extremes. Thus will they tell us that a billionaire's desire for "one more ivory backscratcher" is no less a "need" than the need of someone literally starving to death for food, and its lack no less painful; and make much of how, for example, we might be able to give everyone a house, but there will only be so many lots around Lake Como, and that this will mean scarcity oppressing us as much as before we gave everyone a house; etc., etc., etc..
In considering such absurdities it seems relevant here that the economists in question espouse a dark, misanthropic view of human nature, and with it a pessimism about the prospects for a free, comfortable, happy life for very many of those on the planet--a view which is not without significant political implications. After all, if human wants are as infinite and insatiable--and relative--as they say then there is no getting off the treadmill of getting and spending, no end to the Rat Race and its ugliness, and no point to any reforms, whose benefits would only be lost on the grubby little can't-ever-satisfy-them bastards they see the general public as being.
Still, if the insatiability of human wants is an article of faith for economists (whose teaching is, of course, seen by many as a faith masquerading as science), it does seem fair to say that others have made a case that the matter is exactly the opposite of the way that such economists tell us it is, the "law of diminishing marginal returns" (ironically, another concept from economics, and indeed its mainstream) operative here. The implication of this argument is that for people who are really poor more money and more consumption (money for food, money for shelter, money to relieve pressing physical wants) really do make for more satisfaction and contentment and "happiness"--while in line with the aforementioned "law" the further away one is from being so poor the less does added money and consumption improve their sense of well-being.
In short, no matter how much orthodox economists sneer, it would seem plausible that that extra ivory back-scratcher really does mean less than that food for the starving person, the house for someone who is homeless mean less than the view of Lake Como for the already well-housed.
Indeed, one study of note suggested that we might hit a point at which simply having more money contributes little to one's sense of subjective well-being, concluding that after a country's per capita National Income hit $13,000 in the terms of a generation ago (or, after adjustment for inflation, $25,000 or so in today's terms) more growth does not in itself produce a sense of greater well-being. Going by World Bank figures at present over thirty countries are above that mark in nominal terms (pretty much all the North American, West European, East Asian and Australasian nations we call "advanced industrial" or "developed"). Dozens more do so when we go by Purchasing Power Parity (with states like Russia or Chile making the cut). Additionally those countries that do not make the cut are often not very far short of it (with the world average closing on $19,000 by the latter measure last year).
Does this mean that anyone whose country has $25,000 a year per capita can sit back content in the knowledge that life is as good as it gets? Of course not, innumerable other factors complicating the issue. People may well be personally poor in a society that is rich--and still left with unmet material needs of such a kind that a bit of money would mean a real improvement in their sense of well-being. A lot depends on how wealth is distributed, and perhaps even more fundamentally on how the provision of essentials is organized. (After all, we know from experience that even in a relatively affluent society--such as the U.S., with a per capita income nearly three times what the study identified as the requirement--a significant fraction of the population may suffer hunger, homelessness and other fundamental material lacks, with all their associated misery.) Still, the existence of scientific evidence that human needs may start being sated at a level well below what millions have, and minute next to what a handful have, is a powerful rejoinder to the preachers of want and misery as humanity's eternal lot.
Tuesday, November 1, 2022
Can Political Centrism Survive the Digital Age?
Previously discussing centrism I have stressed how much it has been a creation of the mid-century period, and especially of Cold War anti_Communism, such that it seems to me more useful to think of centrism as a species of conservatism (specifically, the more flexible, adaptable, bend-rather-than-break, pick-its-battles side of the conservative tradition, rather than the heels-digging variety associated with the hard right) rather than mere middle-of-the-roadness, or "practical" non-philosophy.
However, it also seems to me that centrism was a product of the mid-century media universe as well, with this evident in its attitude toward public discourse—centrism's sense of what are s legitimate boundaries, with certain viewpoints, certain modes of argument, acceptably "pragmatic," "pluralist" and "civil," and others not, and in line with the sense that the dialogue had to be carefully managed, carefully gatekept, against the latter. Those espousing this view seem to think it a great thing that the sources of information, the forums in which that information and the views based on it could be discussed, were few in number, making them more easily manageable, and the public dialogue along with them. Others took a more critical view of the matter, but it does seem worth noting that those unsatisfied with the center had few alternatives, enabling the center "to hold."
By contrast, with broadcasting given way to the Internet and its opportunities for innumerably more "channels" of communication, those dissatisfied with the center find it easier to present and to access such alternatives today--and are perhaps given more reason to do so with the center, in spite of being defined by its facilitation of compromise, actually less given to compromise of any kind. Indeed, it sometimes seems to me that with the mainstream so often seeming to speak in a single voice on many issues, and offer a lame "both sidesism" when it does not, those looking for any other view at all find themselves going elsewhere--and perhaps very easily pulled toward views far more extreme than they might otherwise have interested themselves in simply because the range of what centrism deemed allowable was so limited and so unsatisfactory.
In such a situation centrism would seem to be backfiring--and quite frankly the way centrists pine nostalgically for that earlier age in which everybody watched three channels that offered pretty much the same thing seems to bespeak their lack of ideas about how to cope with the present situation, which may be a feature, not a bug. After all, one way of coping with the situation would be to reconsider how the boundaries of the legitimate have been drawn, engaging with rather than simply shutting out anything that does not fit within the very tight confines of today's centrist-gatekept discourse. But in that event centrism would become something other than it has been--ceasing to be centrism.
However, it also seems to me that centrism was a product of the mid-century media universe as well, with this evident in its attitude toward public discourse—centrism's sense of what are s legitimate boundaries, with certain viewpoints, certain modes of argument, acceptably "pragmatic," "pluralist" and "civil," and others not, and in line with the sense that the dialogue had to be carefully managed, carefully gatekept, against the latter. Those espousing this view seem to think it a great thing that the sources of information, the forums in which that information and the views based on it could be discussed, were few in number, making them more easily manageable, and the public dialogue along with them. Others took a more critical view of the matter, but it does seem worth noting that those unsatisfied with the center had few alternatives, enabling the center "to hold."
By contrast, with broadcasting given way to the Internet and its opportunities for innumerably more "channels" of communication, those dissatisfied with the center find it easier to present and to access such alternatives today--and are perhaps given more reason to do so with the center, in spite of being defined by its facilitation of compromise, actually less given to compromise of any kind. Indeed, it sometimes seems to me that with the mainstream so often seeming to speak in a single voice on many issues, and offer a lame "both sidesism" when it does not, those looking for any other view at all find themselves going elsewhere--and perhaps very easily pulled toward views far more extreme than they might otherwise have interested themselves in simply because the range of what centrism deemed allowable was so limited and so unsatisfactory.
In such a situation centrism would seem to be backfiring--and quite frankly the way centrists pine nostalgically for that earlier age in which everybody watched three channels that offered pretty much the same thing seems to bespeak their lack of ideas about how to cope with the present situation, which may be a feature, not a bug. After all, one way of coping with the situation would be to reconsider how the boundaries of the legitimate have been drawn, engaging with rather than simply shutting out anything that does not fit within the very tight confines of today's centrist-gatekept discourse. But in that event centrism would become something other than it has been--ceasing to be centrism.
Monday, October 31, 2022
Revisiting Emmanuel Todd's After the Empire: The Domestic Dimension
In considering Emmanuel Todd I have mainly been attentive to his more geopolitically-oriented work--books like The Final Fall and After the Empire. However, from the standpoint of his form of cultural analysis (which sets great store by family structures and the societal values implicit in them, by fluctuations in figures on birth and mortality below the threshold of what usually commands the attention of the geopolitically-minded, etc.), there were significant connections between domestic and foreign political behavior. This certainly extended toward the matter of inclusion and exclusion, with Todd seeing a U.S. becoming less universalist and more exclusionary abroad (in its foreign policy approach in the late '90s and early '00s) taking the same course domestically, its "Othering" of foreign countries, cultures, immigrants, etc. matched by its doing the same at home with its minorities. Moreover, Todd argued that this differentialism was not separate from a broader movement toward inequality, socioeconomic as well as ethnic; that the "diversity"-singing identity politics was part of the same line of development, rather than a means of addressing it, in its stress on difference over similarity; and that widening inequality generally was endangering American democracy. (Indeed, just as Todd had noted an uptick in infant mortality in the Soviet Union in the 1970s as indicative of increased stress, he remarked a similar uptick among African-Americans in the late '90s as, while not proof of some American collapse in the Soviet manner, at least suggestive of the collapse of certain hopes of society's moving beyond its old racial divisions.)
Todd's analysis of America's domestic life, of course, has been just as unwelcome as his views on the country's foreign affairs. Indeed, one can point to single remarks of Todd's about feminism that would singlehandedly suffice to get him barred from the mainstream of the American media (as when he wrote of America as "pays des femmes castratrices"--translated in the English-language edition as "country of castrating women")--while I suspect that his latest (Ou en Sont-Elles?, specifically addressing the matter of gender) will not help his case with the American media. But all the same, given the ever greater difficulty of ignoring the divisions in the country I suspect that at least a few are giving Todd's reading of America's domestic life a second look.
Todd's analysis of America's domestic life, of course, has been just as unwelcome as his views on the country's foreign affairs. Indeed, one can point to single remarks of Todd's about feminism that would singlehandedly suffice to get him barred from the mainstream of the American media (as when he wrote of America as "pays des femmes castratrices"--translated in the English-language edition as "country of castrating women")--while I suspect that his latest (Ou en Sont-Elles?, specifically addressing the matter of gender) will not help his case with the American media. But all the same, given the ever greater difficulty of ignoring the divisions in the country I suspect that at least a few are giving Todd's reading of America's domestic life a second look.
Sunday, October 30, 2022
The Prospect of German and Japanese Rearmament
Recently considering the "rearmament" of Germany and Japan I argued that the two countries' governments' intentions of elevating their military spending might end up coming to little because of, apart from the limited nature of the announced plans (shooting for 2 percent of GDP, versus, for example, the 4 percent long the average of the far larger U.S.), their limited and declining shares of the world's economic-industrial output and populations (especially its military-age population); the extremely high cost of military capability; the limitations of their existing military establishments, which in Germany's case has numerous claims on additional funding ahead of any expansion of the forces; and the domestic obstacles in the way of additional militarization, extending beyond the outlay of money. The result is that the extra money being talked about might not end up changing things all that much (and that recognition of this may be one of the reasons why so much of the commentariat is so supportive, the anxieties seen in the '90s at such a course so absent).
However, it does seem to me there are two possible objections to all that, namely:
1. Calculations of GDP at market exchange rates between dollars and their currencies understate their economic weight because their currencies are undervalued; and
2. In Germany's case one may not just be talking about a change of course on the part of Germany the nation-state, but a bigger shift on the part of a larger German-led bloc.
In answer to the first objection there is the limited extent to which any undervaluation of their currencies makes a difference. Consider, for instance, the claim made a few years ago that the euro has been undervalued by as much as 20 percent in Germany's case. The result would be that the country's $3.8 trillion economy should be thought, perhaps, a $4.5 trillion economy--and that 2 percent of that difference going to defense would be an extra $15 billion a year. This would not be nothing--but it would not affect things very much at the level of the regional and global balance of power.
Of course, Japan's economy is larger, and so is the degree by which some (by no means the most extreme of the "Japan is doing far better than it lets on" crowd) hold the yen to be overvalued--a $5 trillion economy with a currency recently claimed to have been undervalued by as much as 40 percent. The implication is that one could think of it as really a $7 trillion+ economy--a difference that would be more consequential (with 2 percent of the difference coming to $40 billion+, far more than Japan is expected to spend on defense this coming year, and 2 percent of the total a hefty $140 billion+). Still, it would mean only so much in the increasingly high-cost international security arena of the "Indo-Pacific," especially given Japan's insular position and demographic limits (with the oldest population in the world outside Monaco, almost 1 in 3 of its people a senior citizen these days)--while this is, again, a goal toward which the government would like to work over the next five years rather than a settled matter.
In answer to the second objection it seems worth acknowledging the arguments some have made in regard to Germany's weight extending well beyond its borders. Not long ago Emmanuel Todd offered a picture of a "German economic space" over which Germany is essentially dominant in Central Europe (Austria, the Benelux countries, Czechia, even Switzerland and ex-Yugoslav Slovenia and Croatia) and, to a lesser extent, the Baltic region (Poland, Sweden, the ex-Soviet Baltic republics of Lithuania, Latvia and Estonia)--making the $4 trillion economy more like the economy of an $8 trillion bloc, which with the help of a deferential France was a basis for levering the $16 trillion bloc that is Europe in its desired direction (as the continent's "taskmaster" pursuing a "project . . . of power" in which it "enslave[s] the debt-ridden countries of the South . . . put[s] to work the Eastern Europeans," etc.). Even if one accepts the claim at face value, however, it is far from clear that Germany's economic influence over that larger space can be translated into military power to any meaningful (never mind comparable) degree--even the German-dominated "core" of this space, never mind the larger Union, which remains less than the sum of its considerable parts from the vantage point of military power.
The result is that in the end, important as the shift may be in symbolic terms--and unhappy as it is for what it says about the hopes of movement toward a less war-like world to which those countries' original post-war constitutions spoke, in however imperfect a manner--the judgment about the limits of the development seem to me to still stand.
However, it does seem to me there are two possible objections to all that, namely:
1. Calculations of GDP at market exchange rates between dollars and their currencies understate their economic weight because their currencies are undervalued; and
2. In Germany's case one may not just be talking about a change of course on the part of Germany the nation-state, but a bigger shift on the part of a larger German-led bloc.
In answer to the first objection there is the limited extent to which any undervaluation of their currencies makes a difference. Consider, for instance, the claim made a few years ago that the euro has been undervalued by as much as 20 percent in Germany's case. The result would be that the country's $3.8 trillion economy should be thought, perhaps, a $4.5 trillion economy--and that 2 percent of that difference going to defense would be an extra $15 billion a year. This would not be nothing--but it would not affect things very much at the level of the regional and global balance of power.
Of course, Japan's economy is larger, and so is the degree by which some (by no means the most extreme of the "Japan is doing far better than it lets on" crowd) hold the yen to be overvalued--a $5 trillion economy with a currency recently claimed to have been undervalued by as much as 40 percent. The implication is that one could think of it as really a $7 trillion+ economy--a difference that would be more consequential (with 2 percent of the difference coming to $40 billion+, far more than Japan is expected to spend on defense this coming year, and 2 percent of the total a hefty $140 billion+). Still, it would mean only so much in the increasingly high-cost international security arena of the "Indo-Pacific," especially given Japan's insular position and demographic limits (with the oldest population in the world outside Monaco, almost 1 in 3 of its people a senior citizen these days)--while this is, again, a goal toward which the government would like to work over the next five years rather than a settled matter.
In answer to the second objection it seems worth acknowledging the arguments some have made in regard to Germany's weight extending well beyond its borders. Not long ago Emmanuel Todd offered a picture of a "German economic space" over which Germany is essentially dominant in Central Europe (Austria, the Benelux countries, Czechia, even Switzerland and ex-Yugoslav Slovenia and Croatia) and, to a lesser extent, the Baltic region (Poland, Sweden, the ex-Soviet Baltic republics of Lithuania, Latvia and Estonia)--making the $4 trillion economy more like the economy of an $8 trillion bloc, which with the help of a deferential France was a basis for levering the $16 trillion bloc that is Europe in its desired direction (as the continent's "taskmaster" pursuing a "project . . . of power" in which it "enslave[s] the debt-ridden countries of the South . . . put[s] to work the Eastern Europeans," etc.). Even if one accepts the claim at face value, however, it is far from clear that Germany's economic influence over that larger space can be translated into military power to any meaningful (never mind comparable) degree--even the German-dominated "core" of this space, never mind the larger Union, which remains less than the sum of its considerable parts from the vantage point of military power.
The result is that in the end, important as the shift may be in symbolic terms--and unhappy as it is for what it says about the hopes of movement toward a less war-like world to which those countries' original post-war constitutions spoke, in however imperfect a manner--the judgment about the limits of the development seem to me to still stand.
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