American Elephants

Professor Bob Carter, Part 2 of 2. by The Elephant's Child

I hope you enjoyed the first part of the Bob Carter interview. Here is part 2 of the new Zealand interview which took place on April 23rd.

Professor Bob Carter Returns. by The Elephant's Child

Professor Bob Carter of James Cook University in Queensland, Australia  is a marvelous explainer.    Not all scientists can explain complicated ideas to lay people, and make us enjoy the process.  Professor Carter is good at it.

The “consensus” on climate change has fallen apart, even the IPCC is talking about the need to pursue biodiversity now,  instead of global warming.  This falls into the “new scare” category.  The folks manning the IPCC computers have no intention of being out of a job., so you can expect to hear a lot about vanishing species.

Chancellor Merkel’s Government Pushes a Far-Reaching Plan to Reform the European Common Currency. by The Elephant's Child
May 24, 2010, 7:30 am
Filed under: Capitalism, Economy, Europe, History | Tags: , ,

The European Project is falling apart.  The dream of ending forever the wars that have torn Europe apart through the centuries was to end with unification.  Full political and economic integration, beginning with a common market, then a single market, but the most important step was locking member states into a single currency.

The gentlemen at Power Line notice a surprising fact in the pages of the New York Times.  One that explains a lot.

In Sweden and Switzerland, 7 of 10 people work past 50.  In France, only half do.

Victor Davis Hanson has been in Germany, walking the streets of Munich.

The museums are among the best in the world, the streets and parks spotless, the infrastructure superb, and the people as hard at work as ever. To walk an urban street in Germany is a different experience from say in Athens or Istanbul — traffic follows law, pedestrians are respected, horns are used rarely, trash is absent. In other words, things work and work well. …

For someone who has lived in Greece and occasionally visits Germany, it becomes increasingly clearer each year why the European Union won’t work. Germans work and create wealth. Yet  under the present system, they do not receive commensurate psychological rewards — and they increasingly receive insufficient material compensation as well. …

Victor Davis Hanson reminds us of some of the history that brought us to this point.  Chancellor Merkel and Germany are going to offer the rest of Europe some tough love in an effort to save the Euro, but there is no plan B.  Dr. Hanson manages to gather together the many strands of this mess into a comprehensive picture of a very difficult situation.

Very soon German workers are going to grasp that all the financial reserves they piled away the last two decades from not doing what a Spain or Italy did are essentially gone. Someone in Munich worked 40 hours a week until age 67 for someone in Athens not to — and for someone in Athens to demand that someone in Munich do so or else. The idea that nations like Greece, both overtly and implicitly, insult nations like Germany has no basis in historical terms. …

In a sane world, a financially solvent United States would now step up to the plate, reassure Germany of both its long-standing financial and military support, and seek through its friendship and alliance to deflect any natural German inclination to translate its economic power and present seething into something other than mere anger at the EU.

But we don’t live in a sane world. U.S.  finances are following the Greek example. President Obama either does not understand the West or perhaps does not care to.  To the new America, a Germany is no different from a Pakistan or Venezuela, just another member of the international community, no better or no worse than any other. Our commitment to NATO and the U.S. defense budget will soon be  redefined, as even more  entitlements along the lines of  the recent trillion-dollar health care plan are envisioned.

In other words, in such a vacuum, very soon, if we are not careful, we are going to have a German problem — again.

%d bloggers like this: