Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

Sunday, June 5, 2016

The Future of US Foreign Policy

In brief, prospects for ongoing US foreign policy are not encouraging.  The Donald's ineptitude is such that he is certain to defer to "the best generals" in matters of war and peace, and Hillary's stance in the 2008 primaries and as Secretary of State suggest that she will continue her ongoing attempts to prove she has enough "balls" to be "one of the boys."  Bernie Sanders will probably have significant impact on the Democratic platform, but the relationship between a party's platform and what happens when that party wins an election has little if any bearing on what its candidate does when elected to office.

The "War on Terror"
Tr*mp vacillates between isolationism and carpet bombing (along with use of torture and killing the families of terrorists), but his commitment to building the size and strength of the military makes one wonder if "boots on the ground" might be inevitable — the military-industrial complex would like that, since it could restore sales to 2010 levels.  Clinton has been largely silent on her suggestion of a "no-fly zone" in Syria lately, but her history on interventionism is troubling, including her vote for the war in Iraq and endorsement of intervention in Libya.  Neither has any fresh ideas for dealing with the Islamist State as an international threat, even if Obama's efforts to cut into the territory it occupies continue to make progress.

The Middle East
It seems clear that Clinton will maintain US support for the Arab autocracies, despite copious human rights abuses within their territories and Saudi war crimes in Yemen.  She also will be more friendly to Netanyahu's increasingly bellicose and repressive path for Israel than Obama has been, and the Palestinians will be out of luck, no matter what Bernie gets into the Democratic platform.  Tr*mp's support from Sheldon Adelson suggests that he will be even deeper in Netanyahu's pocket than Clinton; and his rejection of the Iran deal and insistence that the Saudi's "pay their own way" would be a recipe for a nuclear armed Middle East.  With regard to Assad, Tr*mp might be too conciliatory, Clinton too bellicose.

Europe
I don't know if anybody has considered problems that might arise from installing missile "defense" systems (against Iran? Yeah, right!) in Eastern European countries moving ever closer to fascism, but that probably can wait for 2020.  Neither US candidate has anything to offer Europe in dealing with its refugee crisis, and neither will use US influence over the IMF in an attempt to soften Europe's devastating austerity regime, albeit neo-liberal (aka neo-conservative) US bankers have a lot more influence than US political leaders.  Clinton certainly understands Europe's problems better than Tr*mp, but she's no less neo-liberal in her thinking than her husband was — and nobody knows what impact Tr*mp's affection for Putin might bring

Asia and the Pacific
The US Chamber of Commerce seems confident that Clinton will change her mind about support for the TPP as soon as she's president, and they're probably right.  Tr*mp seems to think he could negotiate a "better deal," but his confidence in his negotiating skills is just as inflated as his hair.  The Chinese, I suspect, couldn't care less which of them is elected because China's economic and military power is unlikely to be affected.  Tr*mp's fantasies of Japan and South Korea having their own nuclear arms would almost certainly remain fantasies, because not all Republicans are total idiots.

Africa
If Tr*mp can identify more than three African countries on an outline map, I'd be very surprised.  Clinton, at least, is aware of the mess that is African politics and economics, but is unlikely to move beyond Obama's very limited engagement there.  With either of them, Africa will remain on the back burner until something explodes.

Latin America
Haven't you had enough pessimism for one post?  It's certainly been enough for me, so I'll pass over Latin America — where the US has had virtually no policy at all since "our" dictators were overthrown — and save it for another day.  In the meanwhile, though, keep an eye on Venezuela, Brazil, Mexico, Peru, Argentina, Honduras, El Salvador, Guatamala, et al.  Tr*mp's "wall" won't keep the chaos south of the border.

Sunday, May 22, 2016

Briefly


What's With Bernie?
"Surely," all the talking heads have been saying, "it's time for Bernie to cede the nomination to Hillary and unite the party!"  It hasn't happened, and if we need a figurehead for Bernie's problem with the Democratic establishment, look no further than Debbie Wasserman Schultz.  She and the DNC were looking forward to a coronation, and set debate schedules, fundraising procedures, and media connections to ensure it happened.  Well, it didn't happen, and Bernie is pissed.  Should anyone be surprised?

What's With Netanyahu?
Bibi is set to replace Israeli Defense Minister Moshe Yaalon with a nationalist, religion pandering, totally despicable psychopath by the name of Avigdor Lieberman.  It's not for the good of Israel — it's solely for the sake of maintaining Bibi's hold on power, and any chance for some belated reconciliation with the Palestinians will be destroyed.  The Army opposes the move.  We'll see what happens.

What's With Maduro?
Venezuela is in crisis.  People there can't even buy basic goods like toilet paper, but Nicolás Maduro is stubbornly refusing to accept that his own incompetence is largely responsible.  The only thing that can save the Bolivarian Revolution is a rapid jump in oil prices, and that just ain't happening.  Things have deteriorated so far that one even could justify calling in the IMF — and nobody has ever heard me say that before!

Friday, April 11, 2014

More Short Subjects


 Ukraine

Russian troops at the border!  NATO jets patrolling the Baltic states!  The Donetsk People's Republic!  Be afraid!  Well, don't be that afraid unless you're an Ukrainian who soon will be living with IMF imposed austerity measures while paying more for Russian natural gas.

All I see is a lot of posturing.  There is no way in hell Russia and NATO will slug it out physically over some antiquated manufacturing plants and wheat fields.

India

It looks like Narendra Modi's BJP party will be pushing the Gandhi family's Congress party aside in the current election cycle, despite Modi's previously undisclosed wife and that little matter of the slaughter of Muslims up in Gujarat back in 2002.  Will Modi govern as the consummate capitalist, the Hindu nationalist, or some combination of the two?  We'll wait and see.

Speaking of Gujarat, I like to point out to people that Muslims often are victims as well as perps (and not only to each other.)  In the Central African Republic, the Christians seem to be the real crazies, for example.  Then there's Cambodia, where the Buddhists are the bad guys.  Then again, there's Palestine.  'Nuff said.

Flight 370

I've read that the missing Malaysian airliner has done more for CNN's ratings than anything since Bush bombed Baghdad.  I will admit I'm curious to know what actually happened (my personal crazy hypothesis involves hacking the airliner's software), but sometimes it happens that you just don't get to know what you want to know.

Saturday, March 8, 2014

More Ukraine (groan!)

Ukraine, with or without Crimea, is screwed.  Its tiny economy is pretty much on a par with that of Greece, and the IMF can't wait to get in there and impose austerity.  Except for the usual plutocrats, Ukrainians are going to suffer.

So, think about it: if you lived in Crimea, would you be more likely to go for a Russian bailout with continued cheap natural gas, or a whole lot of pain?  Personally, I think I might go with the dreadful Mr. Putin over the parsimonious Ms. Merkel.

Do the "nationalists" in Kiev understand how hooking up with the EU will make Ukrainian poverty so much more obvious to the Ukrainian people?  Yes, much of the blame can be cast on Yanukovych, but it's unlikely that replacing one group of corrupt assholes with another will do much good.

In the meanwhile, the media are not paying enough attention to Syria, Turkey, Venezuela, the CAR, or other places where people are in a hell of a lot more trouble than Crimea.  Pretty clearly, the Russians are going to keep Crimea this time around, the (very) Light Brigade of the USofA and Europe notwithstanding.

Friday, March 7, 2014

After the putsch

I wish I could get away from Ukraine, but that seems unlikely at the moment.  Granted, Yanukovych was a moron, a kleptocrat, and an ineptocrat (I just made that up) as well.  Just the same, it seems pretty obvious that the ouster of Yanukovych was not especially constitutional.

I'm calling the uprising a putsch because "coup d'etat" seems a little too Latinized to me.  I do not think all the "nationalists" are, as Putin would have it, fascists, but I can't be sure of the actual proportion.  Europe is full of fascists these days, so who knows?

The West supports the new government in Ukraine because the friend of my (kind of) friend is (kind of) my friend — and the alternative is (Cold Warriors may gasp now) Russia.  Whatever.  If the Crimeans are dumb enough to want to return to Russian control, I'm inclined to let them have self-determination.  Would they do better as a somewhat more autonomous region of Ukraine?  Given the crappy economic situation Ukraine is in these days, Russia might be the better choice.  Ukraine's current "leaders" already are discussing the kinds of austerity measures they'll be taking to satisfy the IMF.  (Think Greece.)

Clearly, Obama doesn't want to look any more like a wimp than he already does, and the more traditional Republicans want to cast him in that light and find ways to puff out their chests like robins in the springtime — but for all concerned, the best bet is just to let Russia re-absorb Crimea.  Russia already controls Crimea with their military/naval bases, so what's the big difference?

There is no way to know if a new Ukrainian government will be any less inept nor any less corrupt than the Yanukovych regime — nor any less inept nor any less corrupt than the Putin regime — but I think it's for Crimeans to decide which is the lesser of two evils.