Posted: 14 Sep 2015 01:08 AM PDT
"Mr. Corbyn's triumph isn't that surprising":
Labour's Dead Center, by Paul Krugman, Commentary, NY Times: Jeremy Corbyn, a long-time leftist dissident, has won a stunning victory in the contest for leadership of Britain's Labour Party. Political pundits say that this means doom for Labour's electoral prospects; they could be right, although I'm not the only person wondering why commentators who completely failed to predict the Corbyn phenomenon have so much confidence in their analyses...
But I won't ... get into that game. What I want to do instead is talk about one crucial piece of background to the Corbyn surge — the implosion of Labour's moderates. On economic policy, in particular, the striking thing ... was that every candidate other than Mr. Corbyn essentially supported the Conservative government's austerity policies.
Worse, they all implicitly accepted the bogus justification for those policies, in effect pleading guilty to policy crimes that Labour did not ... commit. If you want a U.S. analogy, it's as if all the leading candidates for the Democratic nomination in 2004 had gone around declaring, "We were weak on national security, and 9/11 was our fault." Would we have been surprised if Democratic primary voters had turned to a candidate who rejected that canard, whatever other views he or she held?
In the British case, the false accusations against Labour involve ... claims that the Labour governments that ruled Britain from 1997 to 2010 spent far beyond their means, creating a ... debt crisis that..., in turn, supposedly left no alternative to severe cuts in spending, especially spending that helps the poor.
These claims have ... echoed by almost all British news media ... as facts. It has been an amazing thing to watch —... every piece of this conventional narrative is ... nonsense. ... And all of Mr. Corbyn's rivals for Labour leadership bought fully into that conventional nonsense, in effect accepting the Conservative case that their party did a terrible job of managing the economy, which simply isn't true. So as I said, Mr. Corbyn's triumph isn't that surprising given the determination of moderate Labour politicians to accept false claims about past malfeasance.
This still leaves the question of why Labour's moderates have been so hapless.... Labour's political establishment seems to lack all conviction, for reasons I don't fully understand. And this means that the Corbyn upset isn't about a sudden left turn on the part of Labour supporters. It's mainly about the strange, sad moral and intellectual collapse of Labour moderates.
Posted: 14 Sep 2015 12:06 AM PDT
Posted: 13 Sep 2015 11:35 AM PDT
Botox for Development: In a talk at the World Bank that I gave last week, I repeated a riff that I've used before. Suppose your internist told you:
Posted: 13 Sep 2015 11:01 AM PDT
The pickings are a bit scant so far today. You'd think it was the weekend or something. Here's something from Erik Brynjolfsson & Andrew McAfee:
The jobs that AI can't replace,BBC News: Current advances in robots and other digital technologies are stirring up anxiety among workers and in the media. There is a great deal of fear, for example, that robots will not only destroy existing jobs, but also be better at most or all of the tasks required in the future.
Our research at the Massachusetts Institute of Technology (MIT) has shown that that's at best a half-truth. While it is true that robots are getting very good at a whole bunch of jobs and tasks, there are still many categories in which humans perform better. ...