In other news, the US Senate failed to pass anything. This hardly seems like news given that they fail to get anything done nearly all the time. But the botched repeal of the Affordable Care Act (ACA), aka Obamacare, is a special new level of failure.
Normal procedures are completely gone. There is no committee report and there is no estimate from the Congressional Budget Office (CBO). Stuff is being whipped together in a few hours and thrown onto the floor.
The chaos is much more important than the bills themselves because it seems the Republican leadership, especially Sen McConnell (R-KY) must know better. That can only mean they aren’t even trying. So what, after all, are they doing?
Tired of the Trump-Russia stories yet? Well, they are only just beginning. Which is strange because much of the information coming out now could have come out a year ago, if anyone had bothered trying to dig. But the “liberal media” didn’t at the time and has only really started to get going.
If you’re tired of today’s press, you’re far from alone. The problem, however, isn’t bias but a severe case of “shiny object syndrome” where nothing is investigated unless it appears popular.
Is the nation on the wrong track or the right track? Do you think that the political parties stand for something more than opposition to each other?
If you answered these questions with the most negative possible answer, you’re far from alone. Rasmussen has been polling the right/wrong track question for many years, and it’s headed back to the low 20% “right track”, net about -40, that it was at a year ago. The brief bump from Trump has worn off.
Even worse, a Washington Post / ABC poll shows that about 2/3 Americans think that the two major parties don’t actually stand for anything other than opposition to each other.
This is the reason why People’s Economics is necessary. It’s time to reboot everything – not just the people, but the fight that drives them.
Economics is nothing more nor less than the study of the primary way in which people connect with society and get on with their lives.
In everyday life, you may interact with a few people – family, colleagues, and friends. But through the process of eating and paying the mortgage you interact, at some distance, with hundreds more. Because this interaction is entirely through something called “money,” a way of keeping score, it’s very tempting to look at it entirely through numbers. The dizzying details of tens of millions of exchanges every day makes a top-view in bulk the most desired method of analyzing how things are going.
Yet this process has proven wrong over and over again. The failure of economics, particularly macro-economics, is the primary reason why the only true study of an economy has to be a People’s Economics.
Summer re-run season has me terribly bizzy. This is a repeat from eight years ago which informs the basis of People’s Economics.
The art and skill needed to put knowledge to practical use is more than just what technology is really about – it’s generally seen an increasing share of our economy. The term “Knowledge Economy” comes from Peter Drucker in his 1966 book, “The Age of Discontinuity”. It includes this:
“In a knowledge economy where skill is based on knowledge, and where technology and economy are likely to change fast . . . the only meaningful job security is the capacity to learn fast.”
True enough, since a lot of knowledge applied as an art went to revolutionizing economics itself since that time. But as many of us have learned, the ability to think fast means nothing without the right connections.
The hardest thing to change is often perspective. To see the world from a different angle requires either movement to a new position or an out-of-body experience.
Given how frozen our identities have become in political tribes, it is almost certainly easier to pull someone’s consciousness out their daily routine than to call them over to a new position. Where new perspective is essential to understand radical change in this world, the first step has to be a separation from conventional language and thought. Everything has to be unlearned.
So it is with People’s Economics. Longtime readers will be familiar with the concept that has been developed in real time here on this blog. Now that the camp has been set up in the middle of the dark woods, it’s time to light a fire. People’s Economics is now the Camp/Fire for Barataria, aside from period asides which will in other ways help the promote the general concept of developing new perspective.
It’s an old cliché. “Missing the forest for the trees” has little meaning by itself, but calls up a deeper cultural conversation. This kind of “conventional wisdom” is worth exploring in a world full of a lot of detail but little useful, objective truth.