BLM Disses Dems; Makes Me Happy:
Last week, the Democratic Party expressed support for Black Lives Matter. Here is BLM’s heartening response:
A resolution signaling the Democratic National Committee’s endorsement that Black lives matter, in no way implies an endorsement of the DNC by the Black Lives Matter Network, nor was it done in consultation with us. We do not now, nor have we ever, endorsed or affiliated with the Democratic Party, or with any party. The Democratic Party, like the Republican and all political parties, have historically attempted to control or contain Black people’s efforts to liberate ourselves. True change requires real struggle, and that struggle will be in the streets and led by the people, not by a political party.
More specifically, the Black Lives Matter Network is clear that a resolution from the Democratic National Committee won’t bring the changes we seek. Resolutions without concrete change are just business as usual. Promises are not policies. We demand freedom for Black bodies, justice for Black lives, safety for Black communities, and rights for Black people. We demand action, not words, from those who purport to stand with us.
While the Black Lives Matter Network applauds political change towards making the world safer for Black life, our only endorsement goes to the protest movement we’ve built together with Black people nationwide — not the self-interested candidates, parties, or political machine seeking our vote.”
Again, I might take issue with some of the verbiage and emphasis. But they are forcing the Democratic Party to admit that they supported the militarization of police and the ramping up of criminal penalties. They are forcing the Democratic Party to face their long history of pandering to black votes while screwing black people. While we might disagree on policy, I applaud any movement that refuses to associate itself with a political party.
Speaking of Keynesianism:
Tyler Cowen reminds us that the growing sinkhole that is the Chinese economy was the subject of praise just a few years ago:
Remember back in 2009, and a bit thereafter (pdf), when so many people were praising China’s very activist, multi-trillion fiscal stimulus?
Yet some of us at the time insisted this would only push off and deepen China’s adjustment problems. There was already excess capacity and high debt and favored state-owned industries, and the stimulus was making all of those problems worse and only postponing a needed adjustment. The Chinese incipient contraction was based on structural problems, not a simple lack of aggregate demand.
How’s that debate going? While the final outcome remains uncertain, Austrian-like perspectives on China are looking pretty good these days.
Just as you go to war with the army you’ve got, so must a country conduct fiscal stimulus with the policy instruments it has. And most forms of Chinese fiscal stimulus make their imbalances worse rather than better. Yet dreams of fiscal stimulus as an answer to the macro problems on the table never die.
To the Keynesians — or, as I call them, the pseudoKeynesians — it is always time to spend money.
Was Segregation Made or Did it Just Happen?:
I’ve been sitting on this link for weeks but there’s not much I can add. It details how our inner city slums didn’t just happen. They were made and the men who made it were Democrats.
Hmm. I should pass that on the BLM folks.
Obama officially reverted Mt. McKinley back to being named Denali. A few people are trying to whip up some outrage but I don’t see the point. Everyone in Alaska calls it Denali and Congress appears to have punted this kind of authority to the bureaucracy long ago.