Japan, after all, just got hit with a series of very real negative shocks. Buildings have fallen down. Buildings that are still standing have been damaged by water. Cars, trucks, and other pieces of useful equipment have been ruined. Roads, docks, and other pieces of transportation infrastructure have been blocked by debris. Several nuclear power reactors aren’t generating electrical power. Tens of thousands of human beings are dead or injured.
-Matty Woodchuck
Now most likely your flabbergasted eyes literally exploded into weeping pools of pus after reading the incredibly, callously infelicitous use of the Economists' solecism "very real negative shocks" to describe a country that fell victim to
a fucking huge fucking earthquake. But it's worth reading the list to see all the things that must be counted before the human toll. And it's worth reading the opening of the next paragraph:
These are not problems that can be solved on the demand side. If Japan is producing less two weeks after the earthquake than it was producing two weeks before the earthquake, that will be because the quake and associated traumas have in fact degraded the country’s ability to produce goods and services.
Is it even necessary to note that this is just a sickening and inhuman way of looking at catastrophe. "These are not problems that can be solved on the demand side." Wuuuutttt? Fuck you, Yglesias. May the sky fall on your head.
33 comments:
He misspelled "human resources".
IOZ, you read too far:
"I think this is primarily worth thinking about precisely because of how different this set of problems is from the “normal” ones of a great recession."
Yeah, Matt! It's kind of like thinking about who would when if Marvel super heroes played baseball against DC super heroes!
Why do you stalk this moron, IOZ?
He's a parasite who apes other parasites.
Are you in love with this man?
Please, someone give Mathew a job. Mathew says unemployed people aren’t producing anything and one cannot help but admire that razor intellect. And he wasn’t even in the military!
The only way to answer that question in a different way to Yglesias is by suggesting a better economic model. But saying "no models" doesn't look like an option to me once you've conceded that it's a reasonable question.
What many people don't realize is that Matt uses sarcasm and irony.
Does Wiggles actually think he's conveying information with this drivel?
The really slippery thing about this post is the "... to see all the things that must be counted before the human toll" passage. IOZ reads Yglesias like teens from Tulsa read OK!, so he certainly knows that this was like the fifth post Yglesias did about the tsunami. And while it's true none of the other posts were out-and-out prayers to Saint Genevieve, they didn't lead off with econ babble either -- they were about nuclear safety or tsunami warnings or some such. The first was basically a "there's nothing to say" reflection.
IOZ knows this, which is why the implication that this was Yglesias' FIRST reaction to the tsunami is so weaselly. It looks better than clutching for the fainting couch.
Won't someone PLEASE think of the means of production?!?!?!?!?!
And yes, Justin, that would make it all better. Being flip in an entirely unfunny way while the bodies are literally still being counted! And he does it to make a very important point about aggregate demand, too! What a visionary.
I can't help but think he's trolling you. probably not though.
And yes, Justin, that would make it all better.
Justin was aping MattY defenders that were over at his place.
Yggy needs to get on the ball. Larry Kudlow scooped him from the start.
Heywood Jablowme !
My belly thanks you for the laugh (it'e easy ...)
this was like the fifth post
Oh fuck me. You made me go look. Most were whether he was pro-nuke or anti-coal. One was about the budget. Not a word about the victims.
Chedder ben, I'll do you one better. Human labor is the single most important economic factor in any model of human economics. Callous and wrong!
I have no love for Woodchuck nor his stupid brand of economics. (See his 3rd para: gibberish.) Nonetheless: it is a post about economic public policy. Headline: "Bank of Japan Easing".
Modern economics is alleged by its academic proponents to be a social science. Science is cold -- or it should be, anyway. Now you may say that macroeconomics not a science, or a dismal one at best -- and I would agree! But macroeconomics is supposedly about "the performance, structure, behavior and decision-making of the entire economy." People enter into that as abstractions, not individuals.
So yes: to an economy, many buildings are worth more than many people. So what? (How much life insurance do you have?)
Eugenics is alleged to have been a science. People enter into that as abstractions . . .
You can see where I'm going with this.
IOZ, how dare you overlook the pathos of Piglesias' original comment that the only thing he could think to say was maybe the wonderful post-quake safety of the Japanese plants (!) might prove to make it easier to build some more.
And, who among us isn't centrally concerned with Japanese central bank policy at this momentous juncture?
The real story on this "economics" turn is that Piggy thinks he's getting smart at something new, and wants to show off, undoubtedly to his imagined future employers like Chelsea Clinton.
Of course, this is the place where we come to hear smug bastards wank over what a wonderful world it will be when the state collapses, which, as far as I can see, will also involve no small amount of human suffering. I guess as long as its in service to anarchism...
Also, Justin has done his homework and was referencing Matty's recent revelatory post about "what people don't realize about Marx and Adam Smith...", formerly mocked on this very blog. Take the walk of shame, Nutella.
To be fair, this hit one of the few low population areas in Japan, a country well prepared for this sort of thing, so the number of victims was thankfully low given the magnitude of the earthquake.
Aw, leave Yggie alone. The best the little fuck has to look forward to is a retread of the life of David Brooks. I say go after Yggie's own personal Dr. Mabuse, DeLong. I mean, if you really take your apt eugenics comparison seriously, you don't have much choice, eh?
-- sglover
What many people don't realize is that Matt uses sarcasm and irony.
heh!
...and now coming to the plate, batting for Team Sarcasm and swinging from the left side of the plate, this year with 124 at-bats and no hits, Matt "the Batt" Yglesias.
Ed,
While that is pretty much true (not sure if Sendai should really be described as "low population" except relative to Tokyo) it is still a bit callous. Multiple thousands of people dead, hundreds of thousands without homes; this is going to affect people in eastern Japan for years -- it's right up there with the earthquake in Kobe in 1995.
It's okay to be thankful that it wasn't worse, but it is still important to remember who we lost.
Forgot to say, Yglesias is a real douchebag.
will someone please show Yglesias how to breath underwater.
"Not only is the human being configured exhaustively as homo oeconomicus, but all dimensions of human life are cast in terms of a market rationality. While this entails submitting every action and policy to considerations of profitability, equally important is the production of all human and institutional action as rational entrepreneurial action, conducted according to a calculus of utility, benefit, or satisfaction against a microeconomic grid of scarcity, supply and
demand, and moral value-neutrality. Neoliberalism does not simply assume that all aspects of social, cultural, and political life can be reduced to such a calculus; rather, it develops institutional practices and rewards for enacting this vision. That is, through discourse and policy promulgating its criteria, neoliberalism produces rational actors and imposes a market rationale for decision making in all spheres." -Wendy Brown
I object to referring to Yglesias as "Piglesias," on the grounds that it is insulting to pigs.
I LOVE Yglesias bashing, especially as we know that pig fucker reads it, but I agree that it's time to raise the sights and go after chief pig fucker DeLong.
I'll admit that I was wrong, but I find no shame in having been so for a lack of familiarity with the Woodchuck cannon.
I'll take the shame for misspelling canon, though.
Does economic shock theory include creating methane energy from horse shit?
I appreciate the moral outrage as opposed to the "you're stupid" angle. Cuz he's not stupid, he's a dick. http://www.youtube.com/watch?v=ReAvTGpfn3U&NR=1
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