Is China's Economy Growing Or Shrinking?

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Why Ukraine Wants So Badly To Be Independent Of Russia

Why Ukraine Wants So Badly To Be Independent Of Russia
  • When Vladimir Putin has been asked to justify his war for control over Ukraine, his answer is typically that Ukraine and Russia have always been one country.

  • And there is some truth to that. The Russian state traces its roots back to something called the Kievan Rus in the 9th century, with its capital at Kyiv. In the period prior to the 20th century, there were times when parts of today’s Ukraine were controlled by other states (like Poland or Lithuania), but never a time when Ukraine was a fully independent country separate from Russia.

  • And yet somehow a tremendous desire for independence from Russia seems to have arisen among the Ukrainians.

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The Democratic Socialists Of America Stand Up For Cuba!

  • Word is that things are a little rough down in Cuba right now. In my post of February 23, I reported that Cuba had become the first nation in the world to achieve the climate activists’ Holy Grail of “Net Zero” carbon emissions.

  • I had looked around for news of the big celebration of Cuba’s achievement, but I couldn’t find any mention of it. If I had understood things correctly — and I think I had — Net Zero was supposed to deliver abundant and much cheaper electricity from the free wind and sun, lowering everybody’s energy costs and saving the planet in the process.

  • And yet, in a February 20 piece, the New York Times had revealed that the process of achieving Net Zero had somehow brought Cuba “to its knees.” Are we missing something here?

  • And then two days ago, March 16, the BBC (and many other sources) reported that the entire island of Cuba had been plunged into a blackout.

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Cuba Becomes The First Country To Reach Net Zero. Shouldn't We Be Celebrating?

Cuba Becomes The First Country To Reach Net Zero.  Shouldn't We Be Celebrating?
  • There it was on the front page of Saturday’s New York Times: with a small assist from the United States, the island nation of Cuba has almost entirely ended the use of fossil fuels. Finally, we have the first country in the world to achieve the climate movement’s Holy Grail and nirvana — Net Zero! Or at least a very close approximation.

  • This should be cause for a huge celebration.

  • You would think that the Times, which has been demanding the elimination of fossil fuels for at least a couple of decades, would be leading the celebrations. But weirdly, now that Cuba has finally shown the way, the Times chooses to put a completely different spin on the achievement. The headline and subheadline are (print edition): “U.S. Choking Oil Deliveries To Cuba Ports; Military Action Brings a Nation to Its Knees.”

  • The piece reports that the Trump administration is helping Cuba to achieve Net Zero by preventing oil tankers from landing there. Somehow in this piece, that is spun as a bad thing. It has brought Cuba “to its knees.”

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With Zohran Mamdani, Everything That Has Already Failed Is New Again

With Zohran Mamdani, Everything That Has Already Failed Is New Again
  • Our newly-anointed Mayor-elect, Zohran Mamdani, vows that he is a Socialist, and that he intends to implement an explicitly Socialist suite of policies. OK, the guy is only 34 years old. He was born on October 18, 1991, just a couple of months before the final collapse of the Soviet Union on the day after Christmas that year. He lacks the personal experience that we senior citizens have of reading every day for decades of the horrors of life in Brezhnev’s Soviet Union, or Mao’s China. But could a student really learn so little in fancy schools like Bronx Science and Bowdoin College that he could graduate in the 2010s and not know about this history? Shockingly, yes.

  • So the “Socialist” policies advocated by Mamdani are different, more akin to the standard progressive playbook of a greatly expanded handout state financed by higher income taxes on the high earners. Of the various policies that Mamdani has advocated, the three that I think are most significant in their potential impact on the City are: (1) raising income taxes on high earners, (2) having the City as developer build 200,000 new publicly-owned “affordable” housing units, and (3) “defunding” and/or downsizing the police department.

  • To Mamdani and his twenty- and thirty-something acolytes, all this stuff seems so terribly new and fresh and creative. But the funny thing is that all of these policies have been tried before in New York. They were all implemented well before Mamdani was born, and then reversed by the time he was a little kid. In each case the reversal occurred because the policy had abjectly failed.

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Magical Thinking Is Why Socialists Get Everything Wrong

  • What is the source of the wealth of a nation? That’s actually the question addressed by Adam Smith in “The Wealth of Nations.”

  • Smith doesn’t put it in these exact terms, but his answer lies in some combination of hard work of the people plus figuring out how to work more efficiently through specialization and exchange.

  • And then there’s the other theory that the wealth just appears somehow, by luck or magic (or maybe by oppression of marginalized peoples). Which theory you buy into has everything to do with what you might think are appropriate public policies.

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