Politics – Page 25 – a sibilant intake of breath

Trump’s dominance over Republicans

Interesting analysis of Trump’s place in American politics and the Republican party — Trump Is Forever:

Until Trump’s election, the working model for American politics was that parties were ideological organizations, not personality cults, and that ex-presidents were seldom seen and never heard.

The post-Trump future may be different: A world where the former president calls into cable shows while tweeting 150 times a day, settling scores, attacking members of his party who he deems insufficiently loyal and paving the way for his son to inherit the office.

If you think about the nature of political parties, the Trumpian view makes a certain amount of sense and what’s remarkable is that the old system lasted for as long as it did. Why is it, exactly, that former presidents have not chosen to actively maintain a grip on their political parties?

The only real explanations for the view of presidents as political stewards are humility, tradition, honor. Even Trump’s most eager apologists would never ascribe any of those traits to him. Why would he think himself constrained by such outmoded thinking?

Why would he voluntarily give up a thing of immense value?

Do you think he will remain influential after leaving office? Does it depend on whether he wins or loses in November?

Minsky on government-guaranteed employment

As recently as March 5th, The Economist published an article entitled: A recession is unlikely but not impossible

The April 18th issue reports: “On April 14th the IMF warned that the global recession would be the deepest for the best part of a century.”

I can’t find my note about it, but somewhere I recorded that a particular figure recommended that their staff read Hyman Minsky’s Stabilizing an Unstable Economy, which I have added to my non-thesis reading collection. It is somewhat difficult going as I am not especially well grounded in economic theory and terminology. Still, the central ideas seem accessible and somewhat surprising, especially the argument that governments should act as employers of last resort. Once I get through it, perhaps I will get the chance to ask Hugh Segal about how that approach compares with his preferred option of a universal basic income. Minsky argues:

Social justice rests on individual dignity and independence from both private and political power centers. Dignity and independence are best served by an economic order in which income is received either by right or through a fair exchange. Compensation for work performed should be the major source of income for all. Permanent dependence on expending systems of transfer payments that have not been earned is demeaning to the recipient and destructive of the social fabric. Social justice and individual liberty demand interventions to create an economy of opportunity in which everyone, except the severely handicapped, earns his or her way through the exchange of income for work. Full employment is a social as well as an economic good. (p. 10)

I can already see some of the appeal in government guaranteeing decent employment to anyone who requests it, since it would establish a floor for what private employers could demand in terms of working conditions. If nobody was forced to seek work through private job markets it would be helpful both in times of economic crisis when unemployment becomes extreme and at normal times, when the greater power of employers over employees may drive the latter to accept unacceptable working conditions or illegally low wages. Especially with the degree to which labour unions have become enfeebled, having the government offer acceptable alternative employment to anyone who wants it could play an important role in rebalancing power toward employees and avoiding labour exploitation.

Venezuelan naval might

The Economist reports:

A Venezuelan naval patrol vessel fired on an unarmed Portuguese-flagged cruise ship, the RCGS Resolute, which it claimed was in its waters. Columbia Cruise Services said the holiday craft, hardened to withstand polar ice, was rammed by the Venezuelan vessel, which then sank. All 44 Venezuelan sailors were rescued. Their commanders congratulated them on their “impeccable performance”.

In their longer article (which calls this “the first decisive naval skirmish in the Caribbean for 75 years”) they note:

The Bolivarian navy insisted that its gallant sailors put in an “impeccable performance” against the unarmed cruise ship, presumably by sinking with particular panache. The navy darkly added that the Resolute, which boasts a jacuzzi and sauna, might have been carrying mercenary commandos to attack Venezuelan bases. As evidence, it pointed to nefarious inflatable boats on its deck.

Since nobody was hurt, it seems fair to see this incident as mainly comic. This thread about “a smallish cruise liner specialising in penguin-bothering, stopped to repair her engines in international waters” is also amusing.

Guelph divests

The Guelph University board of governors committed to divest from fossil fuels on Wednesday, after a sub-committee of their finance committee concluded that doing so was compatible with fiduciary duty and that a divested portfolio would have performed as well or better in the past. I was a guest on the board’s call, and it was remarkable to hear administrators making they key legal and financial arguments in favour of divestment. It shows how at least some administrators have internalized some of the central arguments of the divestment movement.

This follows divestment by Laval, Concordia, and UBC.

Net zero climate targets

In the lead-up to the Canadian federal election in October, Justin Trudeau’s Liberals promised legally binding targets for Canada to be at net zero emissions by 2050. Specifically, they promised:

“We will set legally-binding, five-year milestones, based on the advice of the experts and consultations with Canadians, to reach net-zero emissions by 2050”
“We will exceed Canada’s 2030 emissions goal”

Ignoring for now how we’re not on track for the 2030 target, let’s consider what “net zero” means. Essentially, the idea is that through a combination of emission reductions, carbon offsets, and negative emissions through CO2 removal (through air capture or bio-energy with carbon capture) Canada will no longer produce a net positive contribution to the accumulation of greenhouse gases including CO2 into the atmosphere.

The most credible way to reach net zero is to actually end fossil fuel production, import, and use. That we could call “true zero” and it would be a better kind of target for ambitious organizations. It would be focusing because of the long-lived character of infrastructure. If the University of Toronto, for instance, was to be true zero by 2050 then it would need to stop putting natural gas boilers into new buildings wherever they would be expected to run past that date. Similarly, they would need to stop buying gasoline-powered vehicles and everything else that depends on fossil fuels for energy, and do so early enough for everything they operate to be replaced with a climate-safe alternative before the deadline. This is a much more radical and demanding idea. When I promoted a “true zero” promise as a plank in the new “Beyond Divestment” campaign at U of T, which was planning to offer the administration the same easy escape of net zero by hoping to fund reductions elsewhere and hoping for carbon removal at scale, the idea was rejected by the campaign organizers as too demanding and incompatible with pledges being made elsewhere.

The reason to promise “net zero” instead — as a country or a university — is in the optimistic case a sincere belief that offsets and negative emissions can be meaningful and significant. In what’s perhaps a more plausible case, it’s a way of avoiding the politically intolerable suggestion that we’re actually going to stop using fossil fuels to combat climate change. That avoids antagonizing the industry and its supporters, while placating those who may not be paying much attention with the belief that this is equivalent to true decarbonization. It is telling that fossil fuel corporations also like net zero targets, since they allow the current leadership to continue with expanding production and emissions while leaving the problem for someone else to fix later. That position is delusional because every year of delay in starting with true decarbonization makes it far harder to stabilize at any temperature limit while raising the cost of doing so by requiring the projects we built to be shut down before the end of their economic lifespans and increasing how quickly emissions must be cut when we finally get serious.

In the case of the Canadian promise, it seems like another manifestation of Trudeau’s determination to promise action to protect the climate in the long term as a way to legitimize and justify actions that worsen the problem while they actually hold power. While in office, you approve major new fossil fuel infrastructure projects, while saying with no authority to do so that future governments will counteract those choices. This proposition doesn’t even make sense in the short term because of that long-lived infrastructure problem. No oil pipeline, LNG facility, or bitumen sands mine that is built in 2020 is intended to be shut down before 2050. And so, today’s pro-fossil expansion policies directly and immediately contradict the net zero target. It’s another sense in which we have been drawn toward shadow solutions by our unwillingness to take the actions really required to stabilize the climate. It’s a sign of how little Canadians understand the problem, and how much they choose to believe what they prefer over what is supported by evidence, that many have accepted such promises as evidence of commitment and seriousness on the issue.

The coronavirus pandemic

I’ve avoided posting about the SARD-CoV-2 virus and COVID-19 outbreak, largely because anything I say is redundant when the news is largely comprised of saturation coverage.

Two stories did stand out today though:

I saw this yesterday: Coronavirus could push half a billion people into poverty, Oxfam warns

Still, despite all the claims that this will be transformational and alter life forever, I am skeptical. We tend to engage in hyperbolic discounting, assuming that what’s happening right now is the most important thing in history. At the same time, we have a tendency toward historical myopia, forgetting things soon after they are over or even losing interest before they have ended. I’m not saying there won’t be echoes and cultural callbacks to the pandemic — especially if we do end up physically distancing from one another for another six months or more — but I do suspect that we’ll ultimately weave the memories of this pandemic into what we take to be normal, along with mad cow disease, SARS, AIDS, H1N1, Ebola, and all the other biological risks which have troubled us and altered our lives in recent decades.

For my part, I have been in social isolation since mid-March: probably the longest I have ever gone without intentionally meeting someone.

Sanders is out

Bernie Sanders has withdrawn from the US Democratic primary process, leaving Joe Biden as the presumptive nominee. I personally find the support for Sanders in the climate movement hard to understand and frustrating, as I can’t see what he has done that convinces them that he would lead effectively on climate change. Rather, it has seemed clear as state after state voted that Sanders’ political revolution was never going to happen. He wasn’t really part of the Democratic party and didn’t really have their support, and nor did he have the support of any influential constituency in America (progressives obviously don’t count as influential, in part because of their love for no-hopers like Sanders).

Hopefully a great majority of Americans will have the clarity of thought to see that virtually anyone is better than Trump, and vote accordingly in November.

Voter suppression in the US

People often argue that demographics give the Democrats a long-term advantage in America, since parts of the population that support them are growing. Counteracting that, Republican supporters are more likely to vote and the design of the US government gives disproportionate importance to low-population states.

It’s no secret that Republicans try to extend their advantage through measures like disallowing student ID as a means of voting while allowing things like hunting licenses, manipulating advance voting rules, strategically altering the availability of voting places, and exploiting the fear of voter fraud to try to reduce turnout for the Democrats. Still, it was surprising to see President Trump be so open about the importance of vote suppression to Republican electoral prospects: Trump says Republicans would ‘never’ be elected again if it was easier to vote.

Cycles in environmental policy

Scientists alert people to the problem. Environmentalists are the first to believe them. Corporations that are implicated as contributing to the problem either deny the threat or balk at the cost of addressing it, fearful of government red tape and loss of profits. Eventually, enough public concern prompts politicians to act. They respond with tougher standards, and on rare occasions with policies that change prices. The standards force technological change. The threat is diminished. Afterwards, almost no one can say what technologies and what policies were involved. But if asked, they admit they didn’t change their behaviour.

Jaccard, Mark. The Citizen’s Guide to Climate Success: Overcoming Myths that Hinder Progress. Cambridge University Press, 2000. p. 155

Oil and stock price shocks

The always-slightly-overenthusiastic Slate.com reports:

The financial world resumed melting into goo on Monday thanks to the global coronavirus outbreak, with stocks falling so hard and fast in the morning that it triggered a rare 15-minute timeout on trading. By day’s end the S&P 500 collapsed by 7.6 percent—its worst showing since the financial crisis. The sell-off followed after Saudi Arabia’s leaders decided that now would be a good time to purposely crash the price of oil, a shocking and risky move likely to further destabilize a world economy that’s already wobbly thanks to the incipient pandemic.

…

The events that sparked Monday’s panic were the result of a clash between Saudi Arabia and Russia over what to do about oil prices, which have been tumbling ever since the number of coronavirus cases began to surge in China around January. Initially, the Saudis argued that its fellow OPEC members and their allies, including Russia, should respond by cutting production to prop up prices in the face of falling demand. But Moscow officially rejected that proposal on Friday.

So Saudi Arabia resorted to its Plan B. Over the weekend, the kingdom embarked on a surprise price war designed to cut into Russia’s sales, while promising to further flood the market by increasing its own production. It’s a move we’ve seen before from the country, which waged a brutal price war in 2014 and 2015 that eventually forced Russia to start coordinating its production with OPEC. But as of now, the Russians have responded by vowing to pump more of their own oil. We appear to be entering a standoff.

Of course this has been dominating the news for weeks, as people discuss the overlapping consequences of decreased oil demand due to coronivirus-induced reductions in travel and energy use; changing energy production policies from OPEC, Russia, and other jurisdictions; and whatever else is panicking global markets and making people willing to buy 30-year Treasury bonds with less than 1% interest.

Feel free to discuss scenarios. Will the coronavirus recession be the straw that brings down Trump? How will high-cost oil jurisdictions respond to these economic conditions? Will non-fossil fuel energy be hurt by cheap fossil fuel prices, or encouraged by concern about fossil fuel price volatility and political instability?