Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
“… the final theme present… throughout the armed forces today is KAFCA, pronounced Kafca (since this is a military book I have made up an acronym.) KAFCA is Keeping the Able From Contributing to the Action. Inside the armed services, this problem is more politely referred to as “personnel mismanagement.” Arthur T. Hadley in The Straw Giant
I recollected reading that book and nodding in sober agreement when it first came out, A lot of what Mr. Hadley wrote in it was congruent to what I experienced as a member of the military, beginning in the mid-1970s, when the military was just beginning to recover from the demoralization of the Vietnam era. I was reminded, though, of that particular expression upon reading these two links, posted at Bayou Renaissance Man; the first which outlined what happens when the competent operators at any given company or organization decide to walk away, and the second outlining how the unending quest for a properly diverse workforce at the expense of competence, task knowledge and skill.
This is a lengthy response, and an implicit challenge to debate, prompted by Bill Quick’s “If Something Cannot Go On Forever, It Will Stop,” published on Thursday 27 April and duly Instalanched on Monday 8 May.
The first thing you need to do is read Bill’s essay; it’s ~4,200 words, reading time 10-20 minutes. I’ll be summarizing it below, but my (brief) summary will not only be explicitly theoretical but will be deliberately contrasted with my subsequent application-oriented response, so you will not get an altogether adequate notion of Bill’s thesis by reading this post alone.
That said, this will not be a mere fisking, and given what I believe is Bill’s current geography, only two states east of mine, a face-to-face debate is a real possibility, and one I hope to learn from.
Pi devan! (“Onward!”)
I want to recommend a good piece at Conservative Tree House, which I read every day.
It is this post which connects a few dots.
This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers. This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime. Ultimately supporting Russia’s battle against NATO encroachments.
The war in Ukraine, which probably would not have begun if Trump was president, led to a war of economic interests. The western democracies have invested their future in “climate change,” which used to be “global warming” before the failure to warm made that slogan obsolete. Climate change has evolved into a war on energy production. The Biden regime now has even gone after gas stoves. Since I just bought one, I have an interest. Now, they seem to be going after washing machines. Ours has failed recently so I had better be quick to replace it.
The recent Credit Suisse bank crisis is complicated by the refusal of its largest shareholder, the Saudis, to help with a bail out. Why would this be ? This brings up the topic of BRICS. This is a new financial combination made up of Russia, China, Brazil, India and South Africa.