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Re:In Brazil, it is considered rude to be on time to a party by jacobwilliamroy on Tuesday July 31, 2018 @01:58AM (#17650869)
Just a caveat, I am not an economist, and am quickly approaching the edge of my knowledge.

I think that time is not really a factor here. Institutions like the IMF and WTO passively suppress the economic development of poor countries by withholding incentives unless they behave like rich countries. I don't think this is done out of malice though, because I've met people who genuinely believe that forcing businesses in Mozambique to compete directly with the U.S. economies of scale "creates a level playing field" and doesn't inhibit their growth in certain key industries at all.

Re:In Brazil, it is considered rude to be on time to a party by coldtea on Tuesday July 31, 2018 @04:00AM (#17651358)
>I don't think this is done out of malice though, because I've met people who genuinely believe that forcing businesses in Mozambique to compete directly with the U.S. economies of scale "creates a level playing field" and doesn't inhibit their growth in certain key industries at all.

It's easy for someone to "genuinely believe" something when their career (as policy advisors, bankers, development "experts", etc) and perks is based upon promoting it and enforcing it upon others.

Without "skin in the game" everyone can be a good person with "great intentions".

Re:In Brazil, it is considered rude to be on time to a party by laughingman2 on Tuesday July 31, 2018 @05:33AM (#17651742)
Exactly, this is why extending scope of democracy (workplace democracy, more decentralization, liquid democracy, direct democracy etc) is important, intellectual/political/economic/corporate elites with power however much "enlightened" they are , without having skin in the game lead to disastrous policies.

One person, One vote is the least flawed way to gather signal from actual people who have skin in the game.

Re:In Brazil, it is considered rude to be on time to a party by ff317 on Tuesday July 31, 2018 @08:50AM (#17652703)
Direct democracy is still pretty awful though, especially for anyone who falls into any kind of true numerical minority category: https://en.wikipedia.org/wiki/Tyranny_of_the_majority .
Re:In Brazil, it is considered rude to be on time to a party by coldtea on Tuesday July 31, 2018 @09:03AM (#17652786)
>Direct democracy is still pretty awful though, especially for anyone who falls into any kind of true numerical minority category

That's a generalization its opponents make, but it isn't true.

In most places where it was practiced (ancient Athens, short-lived anarchist areas in Spain, egalitarian communities, etc.) it was shown to be more benevolent and inclusive to "true numerical minorities" than most representative democracies. Heck, the US had segregation in practice up to the 70s, with blacks being a 20% or so of the population (and more in some areas), and gays were persecuted throwout Europe representative democracy or not.

Even more, the most horrid persecutions of minorities have happened under elected representatives (like Hitler), or authoritarian regimes (e.g. Stalin), as opposed to any "direct democracy".

It's indicative that the arguments in the lemma ( https://en.wikipedia.org/wiki/Tyranny_of_the_majority ) are contrived though experiments and not historical examples.

There's no "tyranny of the majority" that's inherent in direct democracy, any more so than it is in representative "democracy". The tyranny lies in an orthogonal axis (namely: the prevalent passions and ideologies of the era), and can be applied regardless of direct or representative democracy.

Re:In Brazil, it is considered rude to be on time to a party by JumpCrisscross on Tuesday July 31, 2018 @10:36AM (#17653484)
> it was shown to be more benevolent and inclusive to "true numerical minorities" than most representative democracies

Source? Athenian direct democracy was only for males, legally sanctioned slaves and allowed for a simple majority to ostracize people. Sparta's direct democratic elements oversaw a large Helot slave population.

Re:In Brazil, it is considered rude to be on time to a party by coldtea on Tuesday July 31, 2018 @11:55AM (#17654290)
>Source? Athenian direct democracy was only for males, legally sanctioned slaves and allowed for a simple majority to ostracize people

That's irrelevant to the discussion though, as that was simply the norm then across regimes, not a special characteristic of Athenian direct democracy.

Not to mention that the US representative democracy was only for males until the 1920s, had slaves until 1865 and segregation until the 1970s. And that's 2.5 millennia later than that pesky Athenian direct democracy.

Re:In Brazil, it is considered rude to be on time to a party by JumpCrisscross on Tuesday July 31, 2018 @12:29PM (#17654556)
> That's irrelevant to the discussion though

You claimed "in most places where [direct democracy] was practiced (ancient Athens... etc.) it was shown to be more benevolent and inclusive to 'true numerical minorities' than most representative democracies." I'm disagreeing with that claim. I'm asking for a source for the the general claim because I'm confused about what separates "true numerical minorities" from other kinds of minorities.

I'm pushing back on the assertion that is has been shown direct democracy works well for minorities. It hasn't. (It has been shown that representative democracy works, or at the very least can be stable.) The tyranny of the majority has not been conclusively proven (nor disproven). This is an open question, and one that evolves as technology (and the population's education) progresses.

Re:In Brazil, it is considered rude to be on time to a party by coldtea on Tuesday July 31, 2018 @01:20PM (#17655051)
>You claimed "in most places where [direct democracy] was practiced (ancient Athens... etc.) it was shown to be more benevolent and inclusive to 'true numerical minorities' than most representative democracies." I'm disagreeing with that claim.

You can disagree, but not because ancient Athens had slaves or women didn't vote. That were common places until millennia later across systems of government, and not some inherent product of direct democracy (as opposed to representative democracy).

If you want to disagree, let's stick to differences in how the citizenry included or excluded in both is treated.

By definition, something found in both types of democracy (such as slavery or women not voting) wont tells us anything about how they differ.

>I'm asking for a source for the the general claim because I'm confused about what separates "true numerical minorities" from other kinds of minorities.

Nothing. I didn't chose the term "true numerical minorities" -- I just used the grandparent's (ff317) term.

Re:In Brazil, it is considered rude to be on time to a party by dempseye on Tuesday July 31, 2018 @06:49AM (#17652059)
Honest question: why would being an economist allow you to competently answer that question? Is knowledge of how to change the mindset and behaviour of a complete country within the purview of economists?
Re:In Brazil, it is considered rude to be on time to a party by bvc35 on Tuesday July 31, 2018 @12:57PM (#17654817)
If you ask an economist, he will define economics as the study of human action, making him an expert on nearly (or entirely, depending on the economist) all disciplines, questions, and problems.
Re:In Brazil, it is considered rude to be on time to a party by thanatropism on Tuesday July 31, 2018 @09:16AM (#17652861)
"You must be at the frontier of what you know and what you don't to be able to say anything at all" said some wise man.
Re:In Brazil, it is considered rude to be on time to a party by laughingman2 on Tuesday July 31, 2018 @05:29AM (#17651727)
I think its done out of malice however they dress it up.

Ignoring history of how stolen wealth from colonialism and protectionist policies of the west during the colonial era etc when its convenient to do so is nothing but malice.

https://en.wikipedia.org/wiki/Protectionism_in_the_United_St...

President Ulysses S. Grant stated:

    For centuries England has relied on protection, has carried it to extremes and has obtained satisfactory results from it. There is no doubt that it is to this system that it owes its present strength. After two centuries, England has found it convenient to adopt free trade because it thinks that protection can no longer offer it anything. Very well then, Gentlemen, my knowledge of our country leads me to believe that within 200 years, when America has gotten out of protection all that it can offer, it too will adopt free trade.
Now America and its lackeys in IMF and WTO want to do the same to the poorer countries.
Re:In Brazil, it is considered rude to be on time to a party by sonnyblarney on Tuesday July 31, 2018 @06:37AM (#17652000)
If it is done with malice, it's the dumbest, waste of malice evil project ever because nobody really benefits.

It is not done with malice.

The IMF/WB believe that nations that have basic infrastructure, basic forms of democracy, low corruption and relatively open markets ... will be successfull. This is neither malicious nor entirely naive.

It's pragmatically naive when you consider the leader of some nation may take a 10% cut off the loan, hire his buddies to 'build the dam that never gets built' and then of course you have a nation in debt ... but those debts are not advantageous to the West at all, so the conspiracy theories are wrong.

Now - where there is actual malice is when a large, Western industrial conglomerate might win a big contract and so they influence, bribe, fake data - and then get the contract to 'totally overbuild' some kind of capacity leaving a nation with way more than they need. That's malice, but it's definitely not the IMF/WB or lending nations that win there.

Re:In Brazil, it is considered rude to be on time to a party by alokrai on Tuesday July 31, 2018 @07:29AM (#17652268)
Dogmas and ideologies of large organizations are almost as dangerous as their malice.

Many of EU & IMF bureaucrats genuinely believed that they were helping the Greek economy recover while they were actually engaged in destroying it.

Re:In Brazil, it is considered rude to be on time to a party by sonnyblarney on Tuesday July 31, 2018 @07:39AM (#17652333)
Yes, I agree with that, however, their dogma is reasonable.

And no the Greeks destroyed their own economy though systematic hard and soft corruption, knowingly hiding irregularities, unwillingness to make any necessary reforms, etc. etc..

The IMF's 'dogma' operates under the assumption that there are conscientious, reasonable and rational actors on the other side of the loan.

One might argue that it is this assumption that needs to be revisited ... though what some lament as 'austerity' (required by lenders) to others simply is 'being responsible with the massive loan we are about to take'.

Re:In Brazil, it is considered rude to be on time to a party by alokrai on Tuesday July 31, 2018 @08:09AM (#17652499)
The fact that the Greek state is incompetent or corrupt was not unknown before the crisis. The banks granted loans to Greece knowing that the Greek state was incapable of paying back because they were certain that ECB (or EU) would guarantee their loans.

If you are assigning moral faults, then please do so for the banks too who made their loans knowing the facts & assuming that they would be bailed out by EU if things went bad.

A more rational thing to do would have been to force the banks to grant Greece a debt haircut, waiving off 50% of the loans, while helping Greece restructure its economy in a realistic manner.

Instead, many people especially at the EU saw the Greek economic problems as a moral failure of all the Greek people for which all of them, including pensioners, must be punished while safely bailing out the banks that originally lent. Somehow, it is unacceptable to blame the banks.

Re:In Brazil, it is considered rude to be on time to a party by sonnyblarney on Tuesday July 31, 2018 @08:39AM (#17652653)
"because they were certain that ECB (or EU) would guarantee their loans."

I doubt this. The ECB and EU have not ever done this, and thinking through it just for a minute means that this is highly unlikely. I can't fathom why anyone would actually think this is going to happen with any degree of certainty. But I get the impetus that 'way back in the 2000's' that people might have 'felt this way'.

Also - there's a lot of fault still on the side of the Greeks in this case.

Re:In Brazil, it is considered rude to be on time to a party by StavrosK on Tuesday July 31, 2018 @08:31AM (#17652614)
Not only that, but the average (Greek or not) person has no grasp of even basic economic policy, and can't see farther than "I have a job that pays well, so what if all the politicians are corrupt? It's not like I can do anything about that anyway".
Re:In Brazil, it is considered rude to be on time to a party by sonnyblarney on Tuesday July 31, 2018 @08:40AM (#17652659)
The average Greek is in on the scam by not paying any taxes, or expecting to retire with full pension earlier than Germans do and voting out anyone who considers changing this. It's a problem from top to bottom.
Re:In Brazil, it is considered rude to be on time to a party by nradov on Tuesday July 31, 2018 @11:13AM (#17653805)
Who exactly would force banks to grant Greece a debt haircut? And what would stop every other indebted nation from demanding the same deal?
Re:In Brazil, it is considered rude to be on time to a party by damptowel on Tuesday July 31, 2018 @10:22AM (#17653346)
A certain EU country exports it’s supposed tax revenue to Greece so they can use 90% of it to pay their multinational banks. They have to do it in a currency they don’t own and is overvalued relative to their economy. The country mostly pressing for this is meanwhile running an export surplus and apparently asking the same for every economy in the region. This is not sensible economics any way you slice it.

It’s happened before in history and even has a name: debt bondage.