Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social purpose is to direct new investment into the most profitable channels in terms of future yield, cannot be claimed as one of the outstanding triumphs of laissez-faire capitalism — which is not surprising, if I am right in thinking that the best brains of Wall Street have been in fact directed towards a different object. – Keynes
Saturday, April 27, 2024
Neo-Feudalism, Anti-Capitalism
Saturday, April 20, 2024
CDC Covid Background Review
“Covid is not the same [as other respiratory viruses] due to its cardiovascular and thromboembolic effects leading to stroke, MI’s [heart attack], long Covid.” – Dr. Peter Hotez on X.
This is about the the CDC’s Background for CDC’s Updated Respiratory Virus Guidance as it relates to covid-19. In short, the CDC has decided that they are going to treat SARS-2, the virus which causes covid, as a seasonal respiratory virus, similar to flu and RSV. As Dr. Hotez, says, it is not.
The document is, generally, a fine piece of deceptive writing. It contains no obvious falsehoods, and yet it ends up by making a disease causing 7,000 excess deaths a month since July 20221 sound like something minor and under control.
Wednesday, April 3, 2024
Fearful Symmetry: the Netanyahu government and the leadership of Hamas
Josh Marshall, writing in his paywalled editor's blog on Talking Points Memo, points out that Netanyahu's position is ever more shaky. He isn't even trying to get Hamas' hostages released, and their families are angry with him. (It doesn't help that the families are mostly leftist kibbutzniks and hate him anyway.) Israelis are out in the streets again. The Israeli Supreme Court has decided that Haredi (ultra-orthodox) Jews are no longer exempt from the draft and the Haredi parties make up a quarter of Netanyahu's coalition.
So Netanyahu's coalition is breaking up.
Tuesday, April 2, 2024
Reviewing the CDC’s Respiratory Virus Guidance with Regard to Covid
The document, Respiratory Virus Guidance is available at https://www.cdc.gov/respiratory-viruses/guidance/respiratory-virus-guidance.html. Background information on the Guidance, explaining the reasoning that underpins it is at https://www.cdc.gov/respiratory-viruses/background/index.html.
To my surprise, I found there is a great deal to like in it, though also some considerable problems. I wish it were stronger and compliance is, to put it mildly, poor, but it seems to be the first attempt to provide unified national public health advice on respiratory viruses and there is some good advice here. It is still limited, however, and especially poor on control of covid.