Scared Stupid, the US in the post 9/11 world

Read the whole thing, if you can take the blood pressure spike:
Scared Tactics: Why America will be paying for decades for a foreign policy based on fear.

Prudence is a term often invoked by the fearful for doing too much or too little. But it shouldn’t obscure what is really happening. Our insecurity rather than our goals is too often playing too great a role in driving our actions. Whether this is a momentary anomaly or longer-term symptom common to declining nations that have lost confidence in important aspects of themselves remains to be seen.

Sorry to say it but every day I see more evidence of our craven collapse in the face of a dangerous but far from existential threat. Our whole damned political class has lost the ability to stand straight, speak straight, be straight. To understand fundamentals like human nature and human societies outside our bubble, economics, social dynamics, technology, etc except in the narrowest most self serving way.

This would get my vote…the truth stinks

I strongly favor inking more trade and investment agreements on behalf of the United States. Yes, it’s likely true that greater globalization is one of the lesser drivers for increased inequality in the United States. Oh, and no trade deal is going to be a jobs bonanza — the sectors that trade extensively are becoming so productive that they don’t lead to a lot of direct job creation. Will some jobs be lost from these deals? Probably a few, but not a lot. But on average, greater globalization will boost our productivity a bit, which will in turn cause the economy to grow just a bit faster, which will indirectly create some jobs. Goods will be cheaper, which benefits consumers. Oh, and by the way, there are some decent security benefits that come with signing trade agreements. Finally, the rest of the world is going to keep signing free trade agreeements and bilateral invesment treaties whether we play this game or not. So we can choose to stand pat and have our firms and consumers lose out on the benefits of additional gains from globalization, or we can actually, you know, lead or something. Your call. Greater integration with the rest of the globe is no economic panacea, but the one thing we’re pretty sure about is that most of the policy alternatives stink on ice.