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free trade & free markets international affairs

The Real Free Trade Problem?

Trump Derangement Syndrome is not a mysterious disease. He triggers people for reasons. Still, there is no excuse for smart folks to fool themselves into misunderstanding his sometimes genius.

Take the subject of yesterday’s Common Sense, trade protectionism. Trump is plain speaking on this issue, and it is all-​too-​obvious that Trump harbors old autarkist notions of trade: it’s as if he resents having to pay foreigners for anything

His apparent resentment of benefiting others — alien others — is what’s so ultra-​right-​wingéd about him, and why leftists instinctively hate him.

And it’s why many free trade economists regard him as a complete and utter moron. His basic attitude appears to be that trade that benefits The Other must hurt us, and that’s just plain wrong.

But sometimes traders do aim to harm us.

This is where Trump’s attacks on trade with China make more sense. For when we deal with China, we don’t just make Chinese workers and businesspeople stronger, we make the Chinese State stronger — most particularly, the Chinese Communist Party. And that organization has set itself as the enemy not only of the United States but also of all competing states … and the very idea of individual freedom.

Free trade is great, because voluntary trades make both sides better off, and all sides are positively advantaged even when many participants are out-​competed and required to re-​tool, re-​group, and re-invent.

Yet, free trade with those who seek to destroy you is quite problematic. And this is not often figured into the elaborate reasoning offered by free-​market advocates.

Trump instinctively knows this, looking warily at those who would use the strength they gain from their people’s trades to transform market power into military power. There exist free traders who think this cannot happen. They are wrong. 

The point is to recognize threats and defend ourselves while also embracing the mutual benefits of trade whenever possible.

This is Common Sense. I’m Paul Jacob.


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Illustration created with Flux and Firefly

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government transparency national politics & policies

A Glossary for Our Times

Reminder: SARS-​CoV‑2 is the name of the virus that is said to cause COVID-19.

Scientists and doctors are still learning about the novel virus and the new disease. Much of the information is uncertain, in part because it has become politicized, making it hard to navigate both medical and political subjects.

Making sense of the data or the arguments is more difficult because people confuse the terminology. The virus is not the disease, the disease is not the virus, though by metonymy, we do swap terms. Don’t let a mere figure of speech fool you.

As awful as COVID-​19 is, in America, more citizens are affected negatively by the virus popularly known as TDS. 

Perhaps we should call it TDS-​2016, since the three letters stand for “Trump Derangement Syndrome.” Though the mind-​virus (meme) was rampant from the moment Donald Trump announced his candidacy in 2015, the illness is not the meme itself. The illness, or behavioral syndrome, is how host brains process the meme. And it did not really set in as a disease until Trump got the Republican nomination. That’s when Democrats stopped laughing so hard and began to take Trump seriously.

And drive themselves crazy.

As with COVID-​19, the worst cases depend upon co-​morbidities. In TDS-2016’s case, co-​morbidities include a sense of entitlement (that your side must always win); a denial of culpability in ramping up political polarization (in such things as the corruption-​challenged candidacy of Hillary Clinton); and in flirting with other memes (such as “democratic socialism” and “wokism”).

As we approach Election Day 2020, TDS-​2016 will only grow. The meme itself has proven resilient. We appear not to have reached herd immunity yet.

This is Common Sense. I’m Paul Jacob.

Definitions:

meme n. 1. an element of a culture or system of behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation. 2. a humorous image, video, piece of text, etc., that is copied (often with slight variations) and spread rapidly by Internet users.

metonymy n. a figure of speech featuring the substitution of the name of an attribute or adjunct for that of the thing meant, for example suit for business executive, or the track for horse racing.

herd immunity n. a key concept in epidemiology where the resistance to the spread of a contagious disease within a population that results when a sufficiently high proportion of individuals become immune to the disease, through exposure by infection or vaccination: the level of vaccination needed to achieve herd immunity varies by disease but ranges from 83 to 94 percent. [Discussions of SARS-​CoV‑2 and COVID-​19 that do not mention herd immunity can only have limited value.] 


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ideological culture partisanship

In Lieu of Good Judgment

Politicians often dare … too much. 

But what did Rep. Ted Lieu dare to be last week?

Candace Owens’ appearance before the House Committee on the Judiciary caused quite a stir. The subject was hate crimes and white nationalism, and she offered a wider perspective: “We’re not talking enough about political hatred in this country, we’re not talking enough about conservative activists being attacked.…”

Needing to undermine that message, the Representative from California’s 33rd congressional district dared do the dirty deed. 

“Of all the people the Republicans could have selected” to appear before the hearing, Rep. Lieu said, “they picked Candace Owens. I don’t know Miss Owens; I’m not going to characterize her. I’m going to let her own words do the talking.”

By now you’ve almost certainly listened to what he did*: play a 30-​second clip from a long interview of the conservative activist then ask some other hearing invitee to explain how dangerous her statement was. The 30 seconds completely elided the original context, implying, absurdly, that the African-​American activist was a supporter of Hitler and white nationalism.

Ms. Owens responded in justified high moral dudgeon. And Rep. Lieu came out looking … as Owens put it, “unbelievably dishonest.”

What was he thinking?

Scott Adams saw only two possibilities: “What Ted Lieu attempted (and failed) to do Candace Owens is not politics, it’s just despicable.” Lieu is either “one of the worst people who’s ever lived” or he is, in line with so many other #NeverTrumpers, “experiencing actual hysteria.”

Unfortunately, Washington partisans regularly make evil and insanity hard to distinguish.

This is Common Sense. I’m Paul Jacob.


* “The most-​watched C‑Span Twitter video from a House hearing ever,” says Rush Limbaugh.

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Rep. Ted Lieu, Candace Owens, TDS, Trump Derangement Syndrome, racism, Hitler

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Accountability folly ideological culture media and media people national politics & policies tax policy too much government

The Hyperbole Is Falling

A mad killer is on the loose!

That is one way to get attention …

The sky is falling!

You are getting the idea …

Trump is literally Hitler!

Extravagant hyperbole is not necessary to criticize the current President. Indeed, as Chicken Licken and the Boy Who Cried Wolf demonstrate, that can backfire. Especially when you are complaining about something on which Trump has proved to be pretty darn good — the tax bill, for instance. 

Nevertheless, as it passed through Congress, Democrat pols and the major media dinosaurs have doubled down on overstatement: A “middle-​class con job” was Sen. Ron Wyden’s characterization; singer-​actress Barbra Streisand (presumably now living in Australia or Canada), re-​tweeting a New York Times piece on “the Great American Tax Heist,” accused Trump of pushing the bill for “personal gain”; Bernie Sanders calls it a “tax cut for billionaires” who, instead of being helped, he says, should be “asked to pay more in taxes.”

Yes, the richest (by and large) will get the most reductions, since they pay the most taxes already. Bernie should be reminded that it is the very nature of taxes that “ask” is the wrong active verb. And calling a cut in what’s taken from taxpayers a “heist” is too absurd for commentary. 

It does look like most taxpayers will get tax relief. That’s good. Alas, the debt may grow larger, depending on the economic growth spurred by the tax reform. But I notice that the Democrats tend to complain about deficits only when Republicans are in charge. And vice-versa.

Partisan Derangement Syndrome at work.

This is Common Sense. I’m Paul Jacob.


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