In his seven years as chief of the Chinese Railways Ministry, Liu Zhijun built a commercial and political colossus that spanned continents and elevated the lowly train to a national symbol of pride and technological prowess.
His abrupt sacking by the Communist Party is casting that empire in a decidedly different light, raising doubts not only about Mr. Liu’s stewardship and the corruption that dogs China’s vast public-works projects, but also, perhaps, the safety, financial soundness and long-term viability of a rail system that has captured the world’s attention.
Friday, February 18, 2011
Chinese Railway Chief Fired
Some very interesting reporting in the NYT this morning:
Thursday, February 17, 2011
History of Democracy Question
Jamais Cascio seems to have suddenly returned to the blogosphere, and has a post worrying about various possible signs and indicators of decay in American democracy. I've also been thinking a lot about democracy in light of events in the Middle East. In particular, I have the impression that once democracy is well entrenched in a culture, it's actually very difficult to dislodge, and that US democracy will prove much more robust than Jamais worries.
Clearly, some autocratic countries become democratic briefly, and then lapse back into some form of autocracy. The Weimar republic lasted from 1919 to 1933, for example, before Hitler effectively abrogated the constitution. However, I can't think of any case, in the modern era, of a multi-generational democracy that has ever reverted back. For example, Britain managed to lose an entire empire without ever any serious threat to its status as a democratic country. Britain and the US made it through two world wars and a great depression without losing their democratic status. Indeed the US managed to fight a civil war with itself, without either side actually giving up on the democratic form of governance.
So my question is this: what is the longest period that a country has been a democracy, and then reverted to some non-democratic form of government? Let's confine it to the post-industrial revolution era.
Right now, the longest case I've found is Chile - if I'm understanding the history correctly, Chile was a democracy from 1932 to 1973 - 41 years - before the government was overthrown in a military coup. Are there any cases more pronounced than that?
Clearly, some autocratic countries become democratic briefly, and then lapse back into some form of autocracy. The Weimar republic lasted from 1919 to 1933, for example, before Hitler effectively abrogated the constitution. However, I can't think of any case, in the modern era, of a multi-generational democracy that has ever reverted back. For example, Britain managed to lose an entire empire without ever any serious threat to its status as a democratic country. Britain and the US made it through two world wars and a great depression without losing their democratic status. Indeed the US managed to fight a civil war with itself, without either side actually giving up on the democratic form of governance.
So my question is this: what is the longest period that a country has been a democracy, and then reverted to some non-democratic form of government? Let's confine it to the post-industrial revolution era.
Right now, the longest case I've found is Chile - if I'm understanding the history correctly, Chile was a democracy from 1932 to 1973 - 41 years - before the government was overthrown in a military coup. Are there any cases more pronounced than that?
Labels:
chile,
democracy,
history,
united kingdom,
united states
Wednesday, February 16, 2011
Tuesday, February 15, 2011
Monday, February 14, 2011
Friday, February 11, 2011
Thursday, February 10, 2011
Wednesday, February 9, 2011
All The Guardian Saudi Oil Cables
At present, I have found five Wikileaks cables that the Guardian has published which concern Saudi Arabian oil production and reserves. Here are links to each one, in chronological order, and a short excerpt to give the flavor:
Tuesday, February 8, 2011
Wikileaks confirms Saudi Reserve Overstatement
The Guardian has a very interesting piece for us keen Saudi watchers:
The US fears that Saudi Arabia, the world's largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.Emphasis mine. Also...
The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.
Monday, February 7, 2011
Friday, February 4, 2011
Thursday, February 3, 2011
Food Prices Up Again in January
The FAO reported this morning on their latest global food commodity price index for January, and it rose 3.4% from Dec 2010 to Jan 2011 (which was already higher than during the 2008 food price shock).
Why Oil Matters More Than Rubber
I was thinking about Paul Krugman's Cross of Rubber column, and in particular the associated blog post Commodities: This Time is Different. My take on Krugman is that he's an extremely brilliant guy who's been thinking about economics for a good long time. His enormous knowledge and insight are invaluable, and I pay close attention to his writing. However, I also think he's gotten into some pretty deeply scripted habits of thinking based on past events and isn't paying close enough attention to the ways in which the present and the future are likely to be different than the past. In particular, his frame of reference for the events of the last few years has been past deflationary episodes such as the Great Depression in the 1930s and Japan in the 1990s.
Wednesday, February 2, 2011
Tuesday, February 1, 2011
Subscribe to:
Posts (Atom)














