Category Archives: Europe

Budget Baloney

Conservatism, Europe, Federal Reserve Bank, Feminism, Uncategorized

If Barack Obama gets reelected, he will face two Republican Houses. Thus his budget plan has no hope of ever being put to the vote. “It’s all about election year 2012, not fiscal year 2013,” writes CNN’s Alan Silverleib, about Obama’s $3.8 trillion budget.

Obama’s plan hikes taxes on the wealthiest Americans to the tune of roughly $1.5 trillion. It ends the Bush-era tax cuts for families making over $250,000 annually while enacting the so-called Buffett Rule, requiring households earning more than $1 million to pay at least a 30% rate. …
The administration is proposing to spend billions on infrastructure, education and domestic manufacturing. Among other things, Obama’s budget includes $30 billion to modernize schools, along with another $30 billion to hire and retain teachers and first responders….
It also includes an extension of long-term unemployment benefits and the current payroll tax cut, something Congress is expected to take up this month.
“Congress needs to pass an extension of the payroll tax cut and unemployment insurance without drama and without delay and without linking it to some other ideological side issues,” Obama declared Monday morning. “The time for self-inflicted wounds to our economy has to be over. Now is the time for action.”
Now is not the time, however, for new details on deficit reduction.

NATURALLY.

More details from Larry Kudlow. Veronique de Rugy has her say at National Review too.

UPDATED: Amy Chua’s Serbian Slant

BAB's A List, Communism, Democracy, Europe, History, Multiculturalism, Nationhood

I have only now gotten around to reading Amy Chua’s “World On Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability.” In my own book, I merely referenced a secondary source on World On Fire. So far, I have found Chua to have an original, creative mind, a rare thing these days. Hers is truly an original thesis. But she goes wrong in many ways—not least in her error-filled, left-leaning, biased analysis of the history of South Africa’s “market-dominant minority” (chinglese for market-dominating minority). In World On Fire, Chua also claims that Croatians were a “market-dominant minority” that infuriated the less able Serbians, hence their so-called “aggression” against the Croats. Our friend Nebojsa Malic has something to say about that:

AMY CHUA’S SERBIAN SLANT

A little knowledge is a dangerous thing.

Examples proving this old adage are legion. On this occasion, I’d like to mention two.

First, an ad-hoc group of European lawyers (the Badinter Commission) up and decided to wipe a country out of existence. Just like that, they declared the Socialist Federal Republic of Yugoslavia “in dissolution” – a concept reminiscent of what happened to the old Austro-Hungarian Empire, on whose ashes Yugoslavia was first established. Next, in January 1992, the Commission decided that only Yugoslavia’s “republics” – administrative subdivisions created by the Communist government and given state-like powers had the right to seek recognition as independent states. It was this ruling that made the bloody Wars of Yugoslav Succession inevitable.

This decision is hardly mentioned in the mainstream narrative created subsequently in the West. According to the official story of Yugoslavia’s “dissolution” (rather, dismemberment), the evil nationalist Serbs suddenly decided to attack everyone else, motivated solely by bloodlust and bigotry, and it was only the belated intervention of the white-knighting “international community” that brought peace and justice to all.

Ten years after the Yugoslav tragedy began, Yale scholar Amy Chua published a book called “The World on Fire,” in which she argued that democratization and marketization brought resentment of majority populations against “market-dominant minorities” such as the Chinese or Jews. That ought to have been an easy argument to make. But Chua then reached to Yugoslavia for confirmation of her thesis, and made a mess.

Relying on the official narrative, she argued that Croats were the “market-dominant minority” resented by the Serbs, who went on a killing spree out of sheer frustration (see p. 172-75). Granted, Chua used all sorts of caveats, but her example was still completely and entirely wrong.

Here is the problem. Slovenians and Croats, whose separatism ignited the Succession Wars, were not “market-dominant minorities” at all. There was an economic imbalance between their republics and the rest of the country, but that was the result of the political arrangement created by the Communist regime of Josip Broz, a.k.a. Tito, rather than any inherent proclivity towards business or finance.

Resentment between Croats and Serbs was first nurtured by the Austro-Hungarian Empire, whose plans for expanding into the Balkans were thwarted by the emergence of an independent Serbian state in the 19th century. While Austria-Hungary was still feudal, Serbia was a free principality of yeomen farmers and merchants. Furthermore, Serbs living in Austrian territories had been granted yeoman status in exchange for Military Frontier service as early as the 17th century. They were also Orthodox Christians, which annoyed the staunchly Catholic empire. Moreover, Croats’ national identity came to be defined entirely by Catholicism, and marked by vicious bigotry directed against the Serbs. Economics really didn’t figure much into it.

In 1914, given a pretext by the assassination of its heir by Bosnian revolutionaries, Austria-Hungary launched a war to obliterate Serbia. It failed. In 1918, having returned from the brink of extinction, the Serbs were determined to secure their freedom from Austria once and for all; their regent saw the solution in a union with “brotherly” Catholic and Muslim Slavs. He either did not know or chose not to care that Catholics and Muslims might have harbored a grudge against the Serbs for ousting the empires – Ottoman or Austrian – in which they had enjoyed privileges.

Yugoslavia never got a chance. In 1941, it was invaded and dismembered by the Axis. Within weeks of its establishment, the Nazi-allied Independent State of Croatia launched a program of mass murder against Serbs, Jews and Gypsies – in that order. The Serb-led Royalist resistance was eventually betrayed by London. The US and UK instead recognized the Communist resistance, led by Josip Broz Tito, as the new government.

Croat-Slovene in origin, Tito reordered the country according to a 1928 Communist platform, which eerily echoed the Nazi partition. No wonder: both sought to keep the Serbs (or “Greater Serbian bourgeois imperialists”) in check. Tito did it by creating “republics”: Slovenia, Croatia, Bosnia, Montenegro and Macedonia. He also further divided Serbia, establishing two provinces, Vojvodina in the north, and the Albanian-dominated Kosovo in the south. Kosovo was initially supposed to be ceded to Albania, but the feud between Tito and Stalin (and Albania’s Enver Hoxha) interfered.

Under Tito, Slovenia and Croatia (not even all of it, but the area around Zagreb) treated the rest of the country as little more than the source of raw materials and cheap labor. While the Slovene Edvard Kardelj, one of Tito’s closest henchmen, ran experiments like “socialist self-management” on the rest of Yugoslavia, Slovenia was untouched. Though Yugoslavia was allegedly “Serb-dominated,” the majority of cabinet posts in the federal government were held by non-Serbs, as late as 1990.

The reform drive initiated in the 1980s by the Serbian Communist leader Slobodan Milosevic became popular not because of “nationalism”, but because it sought to reverse this colonial relationship within Yugoslavia. Milosevic, a banker with Western experience, clashed with the Slovenian leadership over the mercantilist set-up of the Yugoslav federation.

At that point, however, the Berlin Wall came down. That had two consequences: the collapse of Communism all over Europe (and eventually the breakup of the USSR), and the rise of Germany as an actual European power. Without the Soviet Union to keep them in check, and Yugoslavia’s neutrality no longer important, the American and European powers were free to interfere in Yugoslav affairs – and they chose to back the separatists.

Cut off from their resource base, however, both Slovenia and Croatia eventually withered on the vine. Slovenia initially managed to preserve its capital by rejecting the “shock therapy” transition strategies implemented elsewhere, but after joining the EU in 2004, their reserves ran dry. Croatia racked up $60 billion in foreign debt, and sold off most of its tourist capacities and agriculture to foreigners. Just last weekend, Croatians voted to join the EU, in desperation seeing the listing Brussels Titanic as a lifeboat.

Twenty years ago, the Badinter Commission’s decision made Yugoslav bloodshed inevitable. Ten years later, Chua’s reliance on official accounts merely undermined her thesis. In both cases, the problem arose from preferring the conjured narrative over actual facts.

****

Nebojsa Malic has been the Balkans columnist for Antiwar.com since 2000, and blogs at grayfalcon.blogspot.com. This editorial is exclusive to Barely A Blog.

UPDATE: Chua has serious lacunae in her analysis of the “whites” of South Africa. She seems proud of the Chinese edge, though. Writing provocatively and intelligently as she does, and getting away with it to become a mainstream sensation—this demands certain obedience to what Nebojsa Malic calls the accepted narrative.

Captain Coward Will Pay

Barack Obama, Bush, Business, Crime, Ethics, Europe, Government, Morality

How does a subhuman like Francesco Schettino get a job ferrying 4000 people across the seas? It could be worse. Someone of George Bush’s ilk or Barack Obama’s caliber could—and did—get the endorsement of millions to shepherd them into war and economic ruin. Not once, but twice in Bush’s case. So, in counting the sick-making ways of the Captain who capsized the Costa Concordia off the Tuscan coast—causing the death of five, so far (least 15 people are still missing, including two Americans)—remember this: Schettino will be punished. Bush, Obama and their progeny will be pampered and paraded around with pride for the rest of their sorry lives. Back to Costa Concordia:

The dumb-as-a-rock captain blames a rock that was not supposed to be there.

Schettino insisted he was twice as far out and said the ship ran aground because the rocks weren’t marked on his nautical charts. “We were navigating approximately 300 meters (yards) from the rocks,” he told Mediaset television. “There shouldn’t have been such a rock. On the nautical chart it indicated that there was water deep below.”

What sickens me is that this excuse for a captain concedes to “maneuvering the ship in ‘touristic navigation,” a mere 300 meters from the shore, “implying a route that was a deviation from the norm and designed to entertain the tourists.”

Costa captains have occasionally steered the ship near port and sounded the siren in a special salute … Such a nautical “fly-by” was staged last August, prompting the town’s mayor to send a note of thanks to the commander for the treat it provided tourists who flock to the island, local news portal GiglioNews.it reported.

Schettino had been paid by the passengers of the Costa Concordia. Yet he was attempting to entertain and impress spectators at the cost of those who had trusted him with their lives, and had paid him too.

Not having a sense of who your asset is; where your financial/fiduciary loyalty/interests belong; who you should treat well because your endeavor depends on him: this is a phenomenon I’ve encountered a lot.

Also clear from the reports is that “the captain abandoned the stricken liner before all the passengers had escaped. According to the Italian navigation code, a captain who abandons a ship in danger can face up to 12 years in prison.”

A French couple who boarded the Concordia in Marseille, Ophelie Gondelle and David Du Pays, told the Associated Press they saw the captain in a lifeboat, covered by a blanket, well before all the passengers were off the ship.

This is not the first time that a captain of one of these floating cities jumped ship first.

One Nation Under Inflation

Debt, EU, Europe, Fascism, Federal Reserve Bank, Federalism, Political Philosophy, Regulation, Socialism, States' Rights

“When it grows up, the EU wants to be just like the US. That was Jose Manuel Barroso’s message to his host at the US Public Broadcasting Service.” The excerpt is is from “One Nation Under Inflation,” now on WND.COM:

“The EU Commission president, a chap called Jose Manuel Barroso, told PBS’s Jeffrey Brown, on November 28, that the European suprastate is not quite up to American statist standards.

Barroso lamented that the EU lacks America’s level of ‘convergence’: ‘We have a common currency, but not, for instance, a common treasury,’ said this slick operator. Fiscal discipline (one wonders what our commissar means by that) can only come about with more ‘pooling of sovereignty.’

The Commission’s president certainly sees the US as a model ‘fiscal union,’ with a high degree of ‘fiscal policy’ ‘integration’ throughout; and is almost envious of the fact that the US federal government possesses ‘the instruments’ that have allowed it to accumulate enormous liabilities: Evidently, America’s debt-to-GDP ratio is larger than the European Union’s.

In a nutshell: Barroso longs for Brussels to be able to do the necessary tinkering to keep the PIIGS of the Eurozone —Portugal, Ireland, Italy, Greece, and Spain—living at the expense of their more industrious, austere neighbors to the north. (Presiding European bureaucrats like himself live-it-up no matter where they reside.) The EU, complained its Capo di tutti capi, needs to create those “instruments.”

When it comes to Newspeak, Barroso still beats Obama.

In any event, when it grows up, the EU wants to be just like the US. That was Jose Manuel Barroso’s message to his host at the US Public Broadcasting Service. So successfully has the Unites States government submerged the sovereignty of its states that a top European technocrat longs to be like us. We must be in worse shape than we imagined. …”

The complete column, The excerpt is is from “One Nation Under Inflation,” now on WND.COM. Read it.

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