Two neoliberal economists holding forth. The oldest trick in the Latin American neoliberal playbook is loot the country via borrowed dollars, create a boom - bust cycle, and then poison attempts to clean up the mess in the hope of coming back for another bite at the cherry.
President Biden has nothing to apologize for & deserves our collective thanks. The scale & speed of the collapse in Afghanistan is not a critique of Joe Biden. It is a damning indictment of the national security & foreign policy establishment.
There was never going to be any other way of exit from this misconceived imperial venture. It was something like this or be there forever.
The "Taliban domino theory" and the "Not this way" argument are attempts by the establishment to deflect their culpability and pave the road for the "Next Afghanistan".
Expect more of this from those (Republicans, Neocon Democrats, establishment media, etc.) who got us into this mess & kept us there so long.
It is absolutely critical we stop such narratives taking hold or we will be condemned to a future of more of the same.
If Biden happens to be the sitting President, then he is responsible for the "national security & foreign policy establishment" that he inherited. Trying to say the most powerful man on Earth has no power and needs not take responsibility? I don't buy that for a second. He can do many, many, many things.
Consider this context: Several years ago, during the height of the Greek debt crisis, when Greece was the laughing stock, at an anniversary of the Holocaust, the sitting German President knelt in front of the grave of Greeks who were killed by the Nazi's over half a century ago. That German President had no relation with the Nazi, did not cause any harm to Greeks, he was "just" the sitting president.
(1) Very disappointing analysis, to the extent of being biased. (2) You say nothing about the succession process once Morales resigned & how everyone in line below Morales was forced out and by-passed. It is as if Nancy Pelossi were to appoint herself President in the event Donald Trump is impeached and convicted. Jeanine Anez has usurped the presidency & occupies the position ONLY because of the military. In my book that spells "C-o-u-p". (3) You engage in bait & switch argument re the OAS. It was there to oversee the fairness of the election count, not to rule on whether Morales was entitled to a fourth term. (4) The OAS's actions smell like dead fish. Within a few hours of the polls closing it announced fraud on the basis of a change in the trend of results of the "preliminary" quick count. The OAS charge has been revealed to be a lie. The final count results closely resemble the preliminary count (P.S. It is not surprising the OAS behaved in this way as it is based in DC, sixty percent US funded, & OAS employees are self-interested agents who like their US dollar salaries as everyone knows). (5) Morales was deposed while still serving out his third term as president, which has not yet expired. (6) I hope Project Syndicate will distribute a counter op-ed to this article in the interests of representing the full picture.
This is "group think" from a servant of the Davos "World Economic Forum" set. These are difficult political times. Trump is not good for us, and nor is the Davos set. The great political pitfall is, in reaction to Trump, we go back to supporting the Davos crowd.
There is ample reason to worry that major economies like the United States are heading for a recession, accompanied by cascading financial turmoil. Some of the worst elements of both the 1970s and the 2008 crash are now in play, with equity markets likely to move deeper into bear territory.
says six factors will determine how bad the next downturn will be for the real economy and equity markets.