Nigel Farage, commenting on the election of Donald Trump:
“This is a big opportunity for all British business because once we’ve left that awful EU thing we can do our first trade deal with the United States of America. Isn’t that great?”
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.
Nigel Farage, commenting on the election of Donald Trump:
“This is a big opportunity for all British business because once we’ve left that awful EU thing we can do our first trade deal with the United States of America. Isn’t that great?”
A comment I left in response at The Right Coast:
He wants a party that represents his views better. I want that too but it’s not available. Until it is I’ll settle for the lesser evil.
The country has changed and the political parties have changed with it. Some of the changes are shocking and undesirable. Trump is a kind of crowdsourced response by middle-class, mostly Republican voters to all of this. Despite his bad qualities he gets some big things right that the political mainstream insists on ignoring. He represents the least-bad option at the moment. As Glenn says, if he is rejected the next least-bad alternative will be even less attractive to the people who complain about Trump.
Let’s not kid ourselves, NATO, in its current structure, destabilizes the peace of Europe vis-a-vis Russia. Europe’s states will not pay for their own defense as long as those states can enjoy a free ride courtesy of the American tax payer and the American elite’s visions of Pax Americana. Those visions are long past their sell-by-date. If American participation in NATO ends, there is a good chance (albeit, not a sure thing) that the Europeans will cooperate and defend themselves. That’s a win-win. Good for America, and good for Europe.
I propose a national referendum—an American Brexit—to settle the question. Let’s put the question to all of our people. Should the United States continue to participate in NATO?
Dale Franks, Vote Properly, You Virulent Racist!:
But let’s go even further. Even if you could prove that, on balance, free trade is an unquestionable economic benefit, people might still prefer to be measurably poorer if that’s the price that must be paid to maintain their traditional social and political cultures. (This has even more relevance in the case of the EU, because the EU actually has power. Imagine if NAFTA had an unelected Commission in Ottowa or Mexico City that could impose laws on the United States.) Perhaps people don’t regard their economic interests as important as their national or cultural interests. It doesn’t matter what elite opinion thinks the people’s most important interests are. In a democratic society, ultimately, it only matters what the people think they are. People get to determine their own priorities, and not have them dictated by elites. The people get to answer for themselves the question, “In what kind of country do I want to live?”
Of course, I would argue that we don’t have truly free trade or, increasingly, a free economy in the United States. The Progressives always look at the rising income inequality and maintain that it’s the inevitable result of capitalism. That’s hogwash, of course, and Proggies believe it because they’re dolts. But the problem in this country isn’t free trade—we have precious little of it—or unrestricted capitalism, since we have precious little of that as well. The issue behind rising income inequality isn’t capitalism, it’s cronyism. Income isn’t being redirected to the 1% because capitalism has failed, it’s happening because we abandoned capitalism in favor of the regulatory crony state and its de facto collusion between big business/banking interests and a government that directs capital to favored political clients, who become “too big to fail”. It doesn’t matter, for instance, whether the president is a Democrat or Republican, because we know the Treasury Secretary will be a former—and future—Goldman Sachs executive.
Franks’s post is very well thought through and ties together the main themes that appear to be driving US, British and European politics. It’s worth reading in full if you haven’t yet done so.
The F-35B reached initial operational capability (IOC) with US Marine Corps in July of 2015. There are three models of this aircraft, the conventional takeoff and landing (CTOL) F-35A which will reach IOC with the USAF this year, the short takeoff and vertical landing (STOVL) F-35B, and the folding wing, heavy airframe, carrier version F-35C, which is due to reach IOC with the USN in 2018. Evolved from the JSF competition prototype, this aircraft is due to replace the F-15, F-16, F-18, AV-8B, and for some CAS missions the A-10, although there are rumors the USAF is considering opening a competition to replace the A-10 with a new aircraft.
Currently the aircraft is nearing the end of the test and evaluation phase and is in low-rate initial production. Lockheed is preparing to ramp up to full rate production in the near future at its massive Fort-Worth aircraft plant. To say this aircraft is controversial is an understatement and it has been the target of enormous criticism, speculation and western leftist and Russian disinformation campaigns. Probably the most egregious lie told is that $1.5 trillion has been spent on aircraft development thus far. In reality, around $1 trillion is the estimated total cost of ownership for the entire US buy of 2500+ aircraft for 50 years. That includes purchasing all the aircraft, bases, schools, pilot training, tech training, maintenance and spare parts. Politics and disinformation warfare being what it is though, the number increases whenever convenient just to increase its scariness and to make it seem as astounding as possible. It turns out, however and unsurprisingly, that if those numbers are run for any fighter aircraft you get similar or greater costs over that timeframe.