"No Pity for the Poor Reader"
Michael C. Moynihan | September 21, 2007, 11:30am
My
second—and last—Naomi Klein post. Via Arts & Letters Daily, Canadian journalist Robert Fulford slogs through
The Shock Doctrine, currently
the number one non-fiction book in the Great White North (just edginging out Bill Clinton's
Giving) and is underwhelmed. It's a wonderfully mean review. Sample:
If supporters of free trade celebrate a success, like China, Klein calls it "corporatism" and reminds us that many millions of Chinese remain impoverished. When globalism fails, in Argentina or Indonesia, Klein quickly identifies the enemies of humanity, the "Chicago Boys," University of Chicago economists who destroy social democracy everywhere.
...
Klein writes with little sense of style and no pity for the poor reader. The Shock Doctrine requires that we hack through a thicket of self-contradictions and wild overstatements. For her, hyperbole is not a literary device, it's a way of life.
...
If you can manage to read Klein, you need read no more. Learn her way of thinking and you'll not be required to think again. She delivers a packaged one-size-fits-all theory of history that shares just one attribute with Marxism: When you have absorbed Klein you will in future always know the answer before you know the question.
Whole thing. For a more generous review,
check out John Grey's ebullient endorsement of
The Shock Doctrine in—you guessed it—
The Guardian.
VM | September 21, 2007, 2:57pm | #
joe -
DEMAND KURV?
ha ha. :)
the laffer curve, as mentioned, and as most know, does exist - and it does describe the relationship between tax revenue and income tax rate.
You'll most likely not find the T (down) as t (up) because it's not on that side of the curve, for a given case. (it drops off steeply after Tmax.) Or if you can find an example of what joe was talking about, great. As he knows, it's not generally an expected result, since the marginal tax rate isn't that high.
"What about the other way, tax cuts causing growth which increases tax revenues?" is a question going the other way.
Tax cuts have a short run stimulus effect (a Keynesian effect). Kennedy even mentioned this. Also, t(optimal) = t(max utility) doesn't necessarily equal t(max T)
While the Laffer Curve does describe a relationship, it's kinda limited. Okay, kinda useless :)
let's have some fun with the Laffer Curve!
T = tax revenue
t = tax rate
y = f(k)
In the steady state, simplified
T = ty = t f(k)
Assume a Cobb Douglas prod. function
y = Ak^b (0 < b < 1)
f' = bA(k)^(b-1) = (n+r+d)/(1-t)
solve for k
after some math tricks (this was fun on the exam, I can assure you, grin - hard to do without notation, etc. sorry!)
T = A[Ab/(n+r+d)]^(b/(1-b))*t*(1-t)^(b/(1-b))
FOC:
dlnT/
dt = 0
t max = (1-b)
for the US t has been determined to be 70%...
Edward | September 23, 2007, 10:32am | #
"We don't "embrace" his [Aaron Russo's} views at all, of course. We noted his death, and one or two of us said nice things about him on a personal level." --Jesse Walker
A sampling of H&R posts on Aaron Russo:
Luke P. | August 24, 2007, 10:06pm | #
Aaron Russo was a great guy. Freedom to Fascism is a must see.
He'll be missed.
cliff | August 24, 2007, 11:11pm | #
I just watched "Freedom to Fascism", it is a must see for every Libertarian. God bless you Mr. Russo, you have reinforced my love of liberty.
Rick Barton | August 25, 2007, 1:42am | #
Such sad news. I hope that the fact that Aaron was such a champion of liberty helps bring comfort to his family and friends.
A fitting way to tribute this hero is to watch his America: From Freedom to Fascism. It's shocking, frightening, and maddening. But it's also solid, well argued, and compelling.
I met Aaron when he was here in Denver for the screenings of the movie. After the film, I asked him what I could do to help. He answered that I should work to bring an end to the Federal Reserve, and to the income tax. Those are both worthy goals. He also implored me and everyone else, for the sake of our liberty, to refuse a National ID card. You have my word, Aaron.
RIP
Dixon Cannon | August 25, 2007, 4:31am | #
I met Aaron Russo twice; once at the WTP Conference in D.C. where he brought the crowd to their feet, and later in Tucson, AZ at a showing of AFTF. He was always smiling and was an ebullient advocate of Liberty. Godspeed, Aaron Russo. Thank you for bringing us closer to our goal of Freedom.
Liberty4All | August 25, 2007, 5:31pm | #
This is very sad news. I just received America:From Freedom to Fascism in the mail today, and am looking forward to watching it. In a world where lovers of individual liberty seem to be shrinking, Aaron was unapologetic about his beliefs. Whether right or wrong about everything he was willing to stand up and fight. We need more men like Aaron and less Obamas, Clintons, Bushes and Giulianis. I'm not holding my breath. My sincere condolences go out to Aaron's family and friends. May he rest in peace.
We loved you man, your a true patriot and a friend to everyone who loves freedom.
Sincerely
Keith Crawford
Dr Ron Paul for President in 2008
Ben | August 27, 2007, 12:49pm | #
Please continue to follow the brilliantly evil money trail directly to the Rothschilds, The Bank of England, Kuhn & Loeb and the other war profiteers that hate real patriots like Aaron Russo. Now that we've taken the Red pill what's next?
Jasmin Cohen | August 31, 2007, 7:43am | #
We lost a great man.
Being a part of the NWO, and very familiar with their operations, I told my husband recently that Aaron will be probably assassinated soon. I did not expect it so soon.
Can someone post more details, as to how Aaron died?
WE HAVE SO MANY TRAITORS IN OUR GOVERNMENT
THERE IS NOTHING TO DO
JUST WAIT FOR BUSH TO ATTACK IRAN
AND WW3