Reuters blog archive
from Lawrence Summers:
With the release of the president’s budget, Washington has once again descended into partisan squabbling. There is in America today pervasive concern about the basic functioning of our democracy. Congress is viewed less favorably than ever before in the history of public opinion polling. Revulsion at political figures unable to reach agreement on measures that substantially reduce prospective budget deficits is widespread. Pundits and politicians alike condemn gridlock as angry movements like Occupy Wall Street and the Tea Party emerge on both sides of the political spectrum, and partisanship seems to become ever more pervasive.
All this comes at a time of great challenge. Profound changes, as emerging economies led by China converge toward the West, will redefine the global order. Beyond the current economic downturn, which is surely the most serious since the Great Depression, lies the even more serious challenge of the rise of technologies that may well raise average productivity but displace large numbers of workers. Public debt is running up in a way that is without precedent except in times of all-out war. And a combination of the share of the population that is aged and the rising relative price of public services such as healthcare and education pressure future budgets.
Anyone who has worked in a political position in Washington has had ample experience with great frustration. Almost everyone involved with public policy feels as I do that there is much that is essential yet infeasible in the current political environment. Yet context is important. Concerns about gridlock are a near-constant in American political history and in important respects reflect desirable checks and balances; much more progress is occurring in key sectors than is usually acknowledged; and American decision making, for all its flaws, stands up well in global comparison.
It is a commonplace that the missing center makes political compromise impossible. Many yearn for a return to what they imagine as an earlier era when centrists in both parties had overlapping opinions and negotiated bipartisan compromises that moved the country forward. Yet fears about the functioning of our government like those expressed today have been recurring features of the political landscape since Patrick Henry’s 1791 assertion that the spirit of the revolution had been lost. It’s sobering to consider the degree of concern about paralysis that gripped Washington during the early 1960s when the prevailing diagnosis was that a lack of cohesive and responsible parties precluded the clear electoral verdicts necessary for decisive action. While there was a flurry of legislation passed in the 1964-66 period after a Democratic landslide, what followed were the cleavages associated with Vietnam and then Watergate, all leading to President Jimmy Carter’s famous declaration of a crisis of the national spirit. Whatever the view today, there was hardly high rapport in Washington during the term of Ronald Reagan. President Bill Clinton worked hard to establish rapport and compromise with a Congress controlled by the opposition only to be impeached by the House of Representatives after a bitter struggle.
Facebook wasted no time acting with impunity by (once again) diluting member privacy protections this week. But it needn't have hurried. Any semblance of democracy was washed away at noon Pacific Time Tuesday, when a vote to have votes on policy changes went down in flames. It solidified the world's largest social network's rule by fiat. This may be good for business now, but in the long-run it could backfire.
On Tuesday not enough Facebook members weighed in on whether they should keep their right to vote down policy changes. The vote didn't count unless 30 percent of the service's 1 billion members bothered to vote.
from David Rohde:
The return of protests, tanks and death to the streets of Cairo this week is harrowing. So is the power of the rampant conspiracy theories that cause Muslim Brotherhood members and their secular opponents to sincerely believe they are defending Egypt’s revolution. Both sides are behaving abominably.
Criticisms of President Mohamed Mursi’s foolish and unnecessary power grab and rushed constitutional process are legitimate. So are complaints that the country’s secular opposition is poorly organized, lacks majority support and refuses to compromise.
from Chrystia Freeland:
Among the losers in the United States this week are the super-rich, who spent unprecedented millions to evict President Barack Obama from the White House. The investing class turned sharply and vociferously against the president many of them had supported in 2008. On Tuesday night, the plutocrats lost their shirts.
"Boy, they threw away a lot of money," Theda Skocpol, a Harvard professor, told me. "It was very interesting to hear on Tuesday night about all the corporate jets packed in Logan Airport" for Mitt Romney's party in Boston.
from John Lloyd:
Radicals of left and right like to say that the American election is an affair of sound and fury, signifying nothing. One guy in a suit replaces another guy in a suit, the two mostly agree on the basics: the economy, capitalist; foreign policy, hegemonic.
To be sure, American elections remain battlegrounds: a resurgent right has, in the past two decades, drawn sharper lines on a culture war that puts sexuality and its effects at the center of a national debate. Homosexuality, abortion and reproductive rights are divisive issues. But radicals believe that overall, little changes: An elite governs, and largely governs the same way regardless of party.
from Anya Schiffrin:
We visited Tunisia last week, during a scorching heat wave. The women we met were wearing sleeveless summer dresses, but a couple of them said that when they go out, their neighbors now tell them off for wearing revealing clothes. With the religious Nahda party now in power, uncovered women worry that their daughters won’t be able to wear bikinis and wonder which countries their daughters can move to if things get worse.
Tunisia is where the Arab Spring began, but the stories we heard reflect the larger sense of uncertainty and debate about how to have a democracy in a place where the word means something different for everyone. Another sign of tension was the Tunisian court decision last week to uphold the seven-year sentence given to a Tunisian who posted a cartoon on Facebook depicting the Prophet Mohammad in the nude. This small country faces stresses and strains as it continues on its path away from the dictatorship of Ben Ali.
from Ian Bremmer:
For months now, the world has been waiting for the results of the momentous elections in Greece and in Egypt. In Greece, it was hoped that citizens would reject candidates who called for the breakup of the euro zone, or a Greek exit. In Egypt, the stakes were simpler, but larger: It was hoped that the election itself wouldn’t be a sham and that the country’s people would get their first true taste of the power of democracy.
It felt like everyone was holding their breath for the results in these two troubled countries, but it turns out neither country had the “disaster election” that some pundits feared. No, what both countries had was a “kick the can” election: For very different reasons, neither Greece nor Egypt is going to transform into a flourishing, liberal, fiscally sound nation overnight. And the task of governing in either country, therefore, is no big prize to either Greek Prime Minister Antonis Samaras or Egyptian President Mohammed Mursi. A lot of chips have to fall in their favor before they can even begin to get beyond the basic duties of simply showing up to work in the morning and keeping the lights on in government. But again, each country’s situation is different and bears a different explanation of the reality on the ground. Let’s take Egypt, with its internal threats to stability, first.
from John Lloyd:
Everything in Europe has a ‘but’ attached to it these days. Spain got a bank bailout last week, but it hasn’t convinced the markets. Mario Monti is a great economist and wise man, but he’s losing support for his premiership of Italy. Angela Merkel is listening to the voices that try to persuade her that Germany should bankroll growth, but she hasn’t done anything yet.
The New Democracy party, a grouping that, broadly, wants Greece to stick with the euro and bear more austerity (though it will bargain hard for less) has won… but what its leader, Antonis Samaras, has just got for himself is the worst political job on the continent, and may not be able to deliver. If, in democracy’s cradle, he can forge a coalition, keep to the terms of the bailout his country has received, enact rapid and deep reforms, and preserve democratic rule, he will deserve a place in the pantheon – a Greek word, after all, meaning a temple for the gods.
Voter turnout has always been a problem for developed nations, but what about developed social networks? Facebook, with its 900 million users, is often written about as if it were the personal prelature of its founder, Mark Zuckerberg. But Facebook itself prefers the term “ecosystem” – with good reason. Facebook’s engineers provide the basic conditions for life – the agar at the bottom of the social-media Petri dish. In turn, it's developers and users who really craft their own worlds, their own experiences of Facebook – not Facebook itself. And whatever world they craft, it can only exist in the laws that govern the Facebook universe. Who ultimately decides those laws? Facebook.
from The Great Debate:
Sixty years ago in London, Queen Elizabeth was crowned in succession to her father, the now famously stammering chain-smoker George VI. For most Brits the queen’s Diamond Jubilee is a chance to celebrate her reign with street parties, fireworks, concerts, and pageants along the Thames. They will be toasting the woman who has so far presided over 12 prime ministers, including perhaps the greatest of them all, Winston Churchill.
It is a mark of Elizabeth’s benign demeanor and quiet charm that she will be celebrated not only in the 54 member states of the Commonwealth, the independent nations that were Britain’s former colonies and dominions, but around the world, too. Few countries do pomp as well as the Brits, as the weddings of Prince William to Kate and Prince Charles to Diana attest. But not all Americans, when they watch the Jubilee, will grasp the true role of the queen.