Category Archives: Economics

Economics, Political Commentary

Helping Haiti

53 Comments

The Anchoress has some useful links.

The devastation in that benighted country (our own little bit of Africa in the western hemisphere) demonstrates how deadly it can be to be poor, and why attempts to hold back economic growth in the third world with things like Kyoto and cap’n’tax are almost genocidal.

[Update a while later]

“You hear yells everywhere from underneath the rubble.”

Horrible.

[Update on Thursday morning]

Why is Haiti so poor? Some hypotheses from Tyler Cowen.

[Bumped]

[Update a few minutes later]

History’s most deadly quakes. I expect Haiti will be added to this list, though it’s unlikely to set a new record.

[Update late morning]

Remembering the “good times” in Haiti:

On an official visit to the island in the 1980s, as head of the Latin America/Caribbean Bureau of the U.S. Agency for International Development (USAID), I witnessed a grown man, my 28-year-old executive assistant, a lawyer who had not traveled extensively outside the U.S., cry inconsolably after touring an orphanage and hospital run by Belgian nuns and supported by USAID food and medical aid. The rest of my team consisted of experienced (read: hardened) professionals who had seen famine and desolation in other countries many times. The assistant had been shocked at the sight of the “triage” set up by the nuns, whereby they calmly and tenderly separated emaciated Haitian newborns into those who would not survive the night and those who might. Both groups received the same loving care from the nuns, but the ones born with no chance of survival did not receive precious resources that could be used to save the lives of other, slightly stronger infants with a chance of living another day and perhaps even surviving.

That hospital, run by angelic Belgians and their Haitian collaborators, was a metaphor for the entire country. The U.S. chose to deliver its significant assistance (more than that of any other nation) only through private organizations, because the government of Haiti was deemed either too incompetent or corrupt to deliver it safely.

It hasn’t improved in the interim, and this disaster is unlikely to improve it.

Living in Boca Raton, almost all of the blacks that I encountered were Haitian (many of them checkout and stocking personnel at the local supermarket). They were good people, and obviously very happy to be here.

Business, Economics, Education, Media Criticism, Political Commentary, War Commentary

Unspeakable Truths

27 Comments

Thoughts from Victor Davis Hanson:

I am fortunate for a wonderful graduate education in the PhD program at Stanford, but I learned more about the way the world works in two months of farming (which saved a wretch like me) than in four years of concentrated study.

In short, the world does not work on a nine-month schedule. It does not recognize concepts like tenure. It does not care for words without action. And brilliance is not measured by vocabulary or SAT scores. Wowing a dean, or repartee into a seminar, or clever put-downs of rivals in the faculty lounge don’t translate into running a railroad—or running the country. One Harry Truman, or Dwight Eisenhower is worth three Bill Clintons or Barack Obamas. If that sounds reductionist, simplistic, or anti-intellectual, it is not meant to—but so be it nonetheless.

I’ve never been less impressed with Ivy League degrees than I am now.

Economics, Technology and Society

Geoengineering

4 Comments

Apparently there’s a conference in California in a couple months on the subject. It might be interesting to attend, if it’s in LA (or wherever it is, but I’ll be more likely to attend if it’s in southern Cal).

[Update a couple minutes later]

This looks like it. It’s at Asilomar.

Well, March is a beautiful time to drive up the coast highway, though it’s pretty chilly in Pacific Grove that time of year (or any time, really — the wind off Point Joe can be bitter even in the summer).

My concern is that the people discussing space-based solutions will use bad (i.e., overly high) estimates for launch costs, because they won’t understand the economics of space technology.

Business, Economics, Media Criticism, Political Commentary, War Commentary

Diversity-Driven Disasters

6 Comments

I blame that progressive, George Bush.

Really. I think that the Mineta nomination and retention was one of the stupidest (among many) things that he did.

The problem is, of course, that the alternatives (Gore or Kerry) would have been even worse. And at least he tried to rein in Fannie and Freddie, against the successful opposition of Barney Frank and Chris Dodd.

Business, Economics, Political Commentary, Science And Society

Punishing Us For Our Sins, Continued

105 Comments

Some readers may recall a sophomoric comment from an “Ethan” at this post. He persists, but I doubt if anyone is following it any more other than him. So I thought I’d start a newer thread to continue the discussion, and hopefully educate him. He last wrote:

“Mass economic dislocation, poverty, disease and death,” though, are all consequences of climate change. Sea level rise will send billions of people scrambling for higher ground, competing with the existing population for dwindling resources. The deserts will spread, and indeed are already spreading, destroying millions of acres of arable land in the southwestern United States and northern Africa.

Now, I am not suggesting solutions to this problem. Massive government intervention leaves a bad taste in my mouth, too. But it makes me sick to think that there is still so much doubt about climate change and its consequences among the general population, when the science is solid. My statement that 1 percent of scientists think climate change might not be human caused may be “argumentum ad verecundiam,” but it is nearly accurate…the number varies slightly from survey to survey, but in all the reports I could find it has never been above 4%. So we’re looking at, at worst, 97% consensus that climate change is a reality, and that human activity is the driving force behind it.

I have read the “climategate” emails, and frankly, there is nothing in them that suggests a vast conspiracy of scientists. They contained unprofessional language concerning doubters of climate change, but all of the quotes which seem to point to such a conspiracy were obviously removed from their proper context when reprinted by the media. In fact, I blame the media for the fact that so many people in the United States are not sure if climate change is a reality. That 1 – 4% of scientists is given equal time with the 97 – 99% who are positive climate change is happening, which creates widespread doubt when it should be minimal.

Now, again, I don’t know exactly what should be done about climate change. Action on a large scale is needed, and frankly I don’t know if people are ready for that. But the consequences of inaction will be very high, and will be seen in my lifetime. The consensus is that our emissions of greenhouse gases (e.g., our consumption of fossil fuels) must peak by 2015 for the temperature to stabilize at no more than 2 degrees Celsius above temperatures at the end of the last century. So I don’t know about you, but I’m probably going to buy an electric car when they hit the streets, and I think I’ll be doing my shopping at local farmers’ markets whenever possible. Even those little things (buying potatoes grown in your state instead of ones that were flown or trucked across country) make a difference. I just hope those little things are enough.

I’m kind of swamped today, but I trust other readers will set him on the road to wisdom. I would suggest though (because it’s not obvious that he did) that he start (as I suggested at the time) by reading the piece I wrote at PJM that the post was partially about.