Perhaps this is a silly question — but what exactly is a difference between the present imposition by the EU and the previous by the USSR on their respective ‘member’ states?
The pars destruens of the piece makes for entertaining read. As to the implicit pars adstruens, I am afraid is just involuntarily entertaining. Hard to see how the fragmenting of the EU market along national lines - which the author at one point deplores - would result in the growth renaissance that the same author seem to expect from the dismantling of the EU. As to the economic benefits that peoples on the Continent can expect from unfettered national monetary and regulatory sovereignty, they do no t have to look any further than the other side of the Channel.
A - relatively - short history of recent US big decadence, pardon, projects:
Before his inauguration in January 2009, President Obama said after meeting with a group of governors, “All of them have projects that are shovel ready, that are going to require us to get the money out the door.” History indicated that it could be done: In 1933, within 90 days of its establishment, the Civilian Conservation Corps had more than a quarter of a million workers on its payroll. Bearing in mind that precedent and the incoming president’s promise, ARRA’s drafters gave agencies 90 days to begin getting shovels in dirt.
But it was not to be. In the seven months following ARRA’s passage, the Department of Transportation managed to spend less than 9% of its allocation under the law. Many of the infrastructure projects ostensibly funded by ARRA were already funded by other appropriations; existing employees whose paychecks were never in doubt were counted as “jobs saved.”
The bureaucracy created by a progressive governance between 1933 and 2009 was the law’s worst enemy; all told, ARRA-funded projects required some 192,705 reviews under the National Environmental Planning Act (NEPA) before they could be implemented. By October 2010, President Obama famously admitted, “There’s no such thing as shovel-ready projects.”
Industrial policy through the CHIPS and Science Act:
A preliminary report
Gary Clyde Hufbauer (PIIE) and Megan Hogan (Former PIIE)
The 2022 CHIPS and Science Act appears likely to sharply boost the production of advanced semiconductors in the US, reducing the risk of future shortages but leaving America reliant on imported chips. The jobs created will come at notable costs.
KEY TAKEAWAYS
An estimated 93,000 temporary construction jobs and 43,000 permanent jobs will be created, at an average subsidy cost of $185,000 per job, per year—about twice the average annual salary of US semiconductor employees.
Lawmakers deliberating the act did not publicly consider alternative ways of spending $200 billion to ensure adequate chip supplies.\
Additional subsidies will probably be needed to achieve the goal of producing 20 percent of global leading-edge logic chips in the US by 2030.
The psychic damage done by the monarchies cannot be underestimated. There seems to be either the rage of envy or peasants and serfs still subjugated. Ideologies are fantasies that quickly turn to blood and death. I pray for the Light of Consciousness to shine very brightly. Or, perhaps, a new myth.
In the old days we used to call it the Europaen Resession Mechanism - for ERM, the term before the Euro.
The cultural change needed to adapt to a stable currency is not there in Greece and Italy expecially, maybe also in Spain, where Portugal have shown initiative and improvements internally, quite impressively actually.
But the EU carries Luxembourg and Belgium through the "headquarters". EU needs to shut down their Brussels and Lux permanent locations, and have people work remote. Half the People or less. This is the only ways we can get EU to become and engine, and not a pair of breaks, always putting friction on the wheels.
Perhaps this is a silly question — but what exactly is a difference between the present imposition by the EU and the previous by the USSR on their respective ‘member’ states?
The pars destruens of the piece makes for entertaining read. As to the implicit pars adstruens, I am afraid is just involuntarily entertaining. Hard to see how the fragmenting of the EU market along national lines - which the author at one point deplores - would result in the growth renaissance that the same author seem to expect from the dismantling of the EU. As to the economic benefits that peoples on the Continent can expect from unfettered national monetary and regulatory sovereignty, they do no t have to look any further than the other side of the Channel.
A - relatively - short history of recent US big decadence, pardon, projects:
Before his inauguration in January 2009, President Obama said after meeting with a group of governors, “All of them have projects that are shovel ready, that are going to require us to get the money out the door.” History indicated that it could be done: In 1933, within 90 days of its establishment, the Civilian Conservation Corps had more than a quarter of a million workers on its payroll. Bearing in mind that precedent and the incoming president’s promise, ARRA’s drafters gave agencies 90 days to begin getting shovels in dirt.
But it was not to be. In the seven months following ARRA’s passage, the Department of Transportation managed to spend less than 9% of its allocation under the law. Many of the infrastructure projects ostensibly funded by ARRA were already funded by other appropriations; existing employees whose paychecks were never in doubt were counted as “jobs saved.”
The bureaucracy created by a progressive governance between 1933 and 2009 was the law’s worst enemy; all told, ARRA-funded projects required some 192,705 reviews under the National Environmental Planning Act (NEPA) before they could be implemented. By October 2010, President Obama famously admitted, “There’s no such thing as shovel-ready projects.”
https://www.discoursemagazine.com/p/progressives-against-progress?utm_source=post-email-title&publication_id=1637432&post_id=156488473&utm_campaign=email-post-title&isFreemail=true&r=6mos7&triedRedirect=true&utm_medium=email
Industrial policy through the CHIPS and Science Act:
A preliminary report
Gary Clyde Hufbauer (PIIE) and Megan Hogan (Former PIIE)
The 2022 CHIPS and Science Act appears likely to sharply boost the production of advanced semiconductors in the US, reducing the risk of future shortages but leaving America reliant on imported chips. The jobs created will come at notable costs.
KEY TAKEAWAYS
An estimated 93,000 temporary construction jobs and 43,000 permanent jobs will be created, at an average subsidy cost of $185,000 per job, per year—about twice the average annual salary of US semiconductor employees.
Lawmakers deliberating the act did not publicly consider alternative ways of spending $200 billion to ensure adequate chip supplies.\
Additional subsidies will probably be needed to achieve the goal of producing 20 percent of global leading-edge logic chips in the US by 2030.
https://tinyurl.com/3mc7m4bx
The psychic damage done by the monarchies cannot be underestimated. There seems to be either the rage of envy or peasants and serfs still subjugated. Ideologies are fantasies that quickly turn to blood and death. I pray for the Light of Consciousness to shine very brightly. Or, perhaps, a new myth.
Hi Thomas
In the old days we used to call it the Europaen Resession Mechanism - for ERM, the term before the Euro.
The cultural change needed to adapt to a stable currency is not there in Greece and Italy expecially, maybe also in Spain, where Portugal have shown initiative and improvements internally, quite impressively actually.
But the EU carries Luxembourg and Belgium through the "headquarters". EU needs to shut down their Brussels and Lux permanent locations, and have people work remote. Half the People or less. This is the only ways we can get EU to become and engine, and not a pair of breaks, always putting friction on the wheels.