This post from a year ago may seem like wishful thinking. After all, isn’t everything political these days? No, actually, it isn’t. We’re in a tribal war, and politics – the art and science of human interaction, especially for accomplishing social goals – is completely broken.
Our times are often described as “after”. The term “post-modern” came into vogue decades ago as art and architecture slid back into a desire for structure and meaning. “Post-racial” turned into a handy way for white people to never talk about what was right in front of their eyes. “Post-truth” became a useful word in 2016 as the effervescence of “truthiness” fizzled.
Welcome to “post-reality,” the final frontier of after.
Memorial Day is a special holiday, and not just because it honors those who gave their lives for our nation. It was a spontaneous holiday that came about because it seemed necessary more than politically expedient. There was little official about it until long after it was part of our national calendar.
On a hot Friday before a holiday, it’s hard to stay focused. In this chaotic world, it’s usually hard to stay focused on anything, especially with supposed “leaders” relying on distraction and buzz rather than anything of substance.
So let’s play a little game of speculation. I have little to back up anything I’m about to say here, other than the simple and obvious fact that where the US has the attention span of a caffeinated squirrel, China is always playing a long game. As a colleague once told me, “China has had a bad 200 years, but we think the next 200 will make up for it.”
This post from November 2015 is becoming more important as the federal deficit ratchets up and private credit is turning back up. I am leaving in the references to Sanders and progressive counters because they may well be current again.
If you’re like most people, you probably think that you can never have too much access to credit. After all, you never know what might go horribly wrong or when an opportunity to really follow your dream might come up. A little scratch ready in the background might be the difference between the good life and something much less.
Then again, a lot of credit has a corrosive effect. In a world saturated with borrowing everything is judged against the expected return if the money was simply loaned out at market rates. It seems reasonable that where a little credit is a good thing a lot of credit, defining everything in the world, is the biggest enemy of both long-term thinking and a society looking to maximize happiness and human potential.
Logic says that where a little credit is good a lot could be bad, meaning there is an optimal point. Where is that? Where are we with respect to a good level of credit? It turns out that train left the station a very long time ago – and this may explain a lot of the problems in this economy.
The United States is typically a very self-absorbed nation. As the largest economy in the world, and separated by two oceans, US based news and the opinions it shapes have always been centered on domestic concerns projected out into the world. This has only been exacerbated by the a pathologically self-absorbed president.
Because of this problem, the simple fact that the world is fleeing away has escaped many Americans. What has been a growing practical reality as the US share of the world economy slips is becoming a necessity thanks to severe foreign policy mistakes, all of which cater to a domestic audience. “All politics is local” remains true, even though it clearly should not be.
The two biggest foreign policy areas, a trade war with China and sanctions against Iran, appear to be two different situations with the US at the center of both. They are not, and increasingly will become less and less about the US. This simple fact is going right past us, too – making our policies even more ridiculous and harmful to our own interests.