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The Road to Freedom by Joseph Stiglitz review – against Hayek
Wed, 08 May 2024 11:00:43 GMT
The former world bank economist argues that neoliberalism paves the way for populism
In 1944 the Austrian-born economist Friedrich Hayek, displaced to Britain, was disquieted by his leftwing academic peers. As Hayek saw it, their political philosophy committed the same error as the fascism that was ravaging his homeland. He wrote that the desire to plan an economy centrally was – in what became the title of his most famous book – The Road to Serfdom: “many who sincerely hate all of nazism’s manifestations are working for ideals whose realisation would lead straight to the abhorred tyranny”. Hayek cast fascism not as a reaction to progressive success, but as its natural endpoint.
Joseph Stiglitz, a former chief economist of the World Bank and adviser to Bill Clinton, tackles this idea head on in The Road to Freedom, his rejoinder to Hayek’s work and that of his libertarian fellow traveller Milton Friedman. As Stiglitz sees it, rather than too much government leading to tyranny, the shift to neoliberalism has reduced freedom and “provided fertile ground for populists”. Social democracy, with its greater role for the state, generates freer, robust societies that are resilient to authoritarians like former president Donald Trump.
Continue reading...Why are more medics treating the same number of patients as before the pandemic? Because the tools we’re using are ancient
It was a bright hot day in August, and the heaters were stuck on full blast. A nurse on the acute medical ward bleeped my pager. The heart of a patient I’d seen that morning had started palpitating. Soon, my heart was racing too, not out of solidarity but from the seven flights of stairs I had to sprint up. One half of our ward had been relocated seven flights away from the other, after flakes of asbestos started falling from the ceiling.
Squinting over a trace of the patient’s heart rhythm, I suspected the culprit was potassium – that salt we need just the right amount of, Goldilocks-style, to keep beating. If it’s too high or too low, you’ve got a real problem. A straightforward blood test would contain the information I needed. I travelled across the building to one of just two blood gas analyser machines in the hospital and queued impatiently, only to find its potassium-reading function was not working.
Dr Parth Patel is a senior fellow at the Institute for Public Policy Research
Continue reading...The Atacama desert has become a ‘global sacrifice zone’ of used fast fashion. Activists and designers organised an event to raise awareness of the devastation to the land and people
Draped in layers of denim, Sadlin Charles walks the catwalk of sand between piles of discarded clothes and tyres in Chile’s Atacama desert. His outfit has been made from items found in the surrounding heaps of rubbish, which are so vast they can be seen from space. Almost all of this waste has come from countries thousands of miles away, including the US, China, South Korea and the UK.
A staggering 60,000 tonnes of used clothing is shipped to Chile each year. According to the latest UN figures, Chile is the third largest importer of secondhand clothes in the world. Some of these clothes are resold in secondhand markets, but at least 39,000 tonnes ends up being illegally dumped in the Atacama desert. The desert is one of the country’s most popular tourism destinations, famed for its otherworldly beauty and stargazing, but for those living near the dump sites it has become a place of devastation.
Sadlin Charles models denim salvaged from discarded garments at Atacama fashion week
Continue reading...Fans heading to the waterside stadium don’t have to pay the €5 tourist fee. And with the team fighting for promotion to Serie A, the atmosphere at the last home game of the season is electric
Sunday day-trippers to Venice flashing their €5 entry ticket QR code to get through the turnstiles at the city’s main access points look bemused when football supporters simply show their match tickets instead. Attending a sporting event just happens to be one of the exemptions in the opaque regulations behind what locals see as an attempt to turn their town into a living museum.
Anyone who joins the crowds of football fans making their way through the streets to the Sant’Elena neighbourhood, in the east of the city just beyond the Biennale Gardens, will discover that this city is a long way from being a museum, and that buying a ticket to watch Venezia FC affords the opportunity to enjoy a slice of local life. Where else in the world can you arrive at a football stadium by vaporetto (waterbus)? It costs just €15 to sit up in the Curva Sud stand surrounded by friendly cheering, singing Venetians, and watch a match against the backdrop of Venice’s lagoon.
Continue reading...Nahla Al-Arian lost more than 200 relatives in Israel's attacks on Gaza. Then Eric Adams said she was the reason police raided Columbia.
The post NYC Mayor Smeared a Grandmother as an “Outside Agitator” to Justify NYPD Assault on Columbia appeared first on The Intercept.
The far right are on the march in Germany and the anti-immigrant Alternative for Germany has become the most popular party in several states. Immigration and a sense of being economically left behind have been driving factors in the rise in popularity but the Green party and the federal government’s climate policies have also borne the brunt of public anger. The Guardian travelled to Görlitz, on the German border with Poland, to find out to what extent Germany’s green policies are fuelling the far right
• How climate policies are becoming focus for far-right attacks in Germany
Continue reading...For years, the political establishment opportunistically railed against sex trafficking. Then came Pizzagate.
The post QAnon Was Born Out of the Sex Ad Moral Panic That Took Down Backpage.com appeared first on The Intercept.
A measure passed by the House seeks to block Americans from traveling to Iran on U.S. passports.
The post House Responds to Israeli-Iranian Missile Exchange by Taking Rights Away From Americans appeared first on The Intercept.
From biking adventures to city breaks, get inspiration for your next break – whether in the UK or further afield – with twice-weekly emails from the Guardian’s travel editors. You’ll also receive handpicked offers from Guardian Holidays.
From biking adventures to city breaks, get inspiration for your next break – whether in the UK or further afield – with twice-weekly emails from the Guardian’s travel editors.
You’ll also receive handpicked offers from Guardian Holidays.
Continue reading...Lots of complicated details here: too many for me to summarize well. It involves an obscure Section 230 provision—and an even more obscure typo. Read this.
In today’s newsletter: As an assault on a key route for aid is underway, we look at how the humanitarian crisis will unfold and the prospects for a ceasefire
• Sign up here for our daily newsletter, First Edition
Good morning. Israel has threatened to expand its military operation in Rafah after it seized control of the Palestinian side of the Rafah border crossing – which was the key remaining land route to get desperately needed aid into Gaza, where millions of people are suffering an escalating humanitarian crisis.
The Israeli military said it had taken “operational control” of the border with Egypt in a “precise and limited operation”, but gave notice that it will soon be followed by an “extreme force” ground offensive that the UN warns could lead to the “slaughter of civilians”. The Israel Defence Forces (IDF) has begun dropping flyers on relief camps in Rafah, ordering Palestinians – many of whom have already fled the conflict, sometimes several times – to immediately evacuate.
Israel-Gaza war | Joe Biden’s administration paused a shipment of weapons to Israel last week in opposition to apparent moves by the Israelis to invade the southern Gaza city of Rafah, a senior administration official has said. Israel has launched a major military offensive against Hamas forces in Gaza’s southernmost city, seizing control of a key border crossing and cutting off most aid a day before indirect talks on a ceasefire deal are due to restart.
US | Donald Trump’s criminal trial entered a new stage on Tuesday with testimony from Stormy Daniels, an adult film star at the center of his hush-money scandal. Daniels told jurors that she had a sexual liaison with Trump in 2006 that left her nervous and ashamed.
Scotland | The new Scottish National party leader John Swinney will become Scotland’s seventh first minister after winning the backing of MSPs. Swinney won the vote eight days after Humza Yousaf announced his departure.
Health | The Cass review “absolutely” did not set an unfairly high bar for evidence, its author has said, as she addressed “significant misinformation” about her assessment of healthcare provision for gender-questioning young people in England and Wales.
Garrick Club | The men-only Garrick Club in London has finally voted to allow women to become members, 193 years after it first opened its doors. 562 members (59.98%) voted in favour and 375 (40.02%) against, in a private meeting where several hundred members spent two hours debating whether to permit women to join.
Continue reading...Jury hears from adult film star on 13th day of ex-president’s criminal trial in New York
Donald Trump’s criminal trial entered a new stage on Tuesday with testimony from Stormy Daniels, an adult film star at the center of his hush-money scandal, who told jurors that they had a sexual liaison in 2006 that left her nervous and ashamed.
“My hands were shaking so hard that I was having a hard time getting dressed,” said Daniels, who told jurors that she had gone to Trump’s Lake Tahoe hotel room under the belief that they would be getting dinner after meeting there.
Continue reading...NSO Group, which makes Pegasus spyware, keeps trying to extract information from Citizen Lab researchers — and a judge keeps swatting it down.
The post They Exposed an Israeli Spyware Firm. Now the Company Is Badgering Them in Court. appeared first on The Intercept.
Nahla Al-Arian lost more than 200 relatives in Israel's attacks on Gaza. Then Eric Adams said she was the reason police raided Columbia.
The post NYC Mayor Smeared a Grandmother as an “Outside Agitator” to Justify NYPD Assault on Columbia appeared first on The Intercept.
John Hostettler of Indiana, whom pro-Israel groups deemed ‘antisemitic’, loses to Mark Messmer, who led opponents with 40% of vote
Republican John Hostettler has lost his House primary in Indiana, delivering a victory to pro-Israel groups who sought to block the former congressman from returning to Washington. The groups attacked Hostettler as insufficiently supportive of Israel at a time when criticism of Benjamin Netanyahu’s government has hit new highs because of the war in Gaza.
When the Associated Press called the eighth district primary race at 7.49pm ET, less than an hour after the last polls closed in Indiana, Mark Messmer led his opponents with 40% of the vote. Messmer, the Indiana state senate majority leader, will advance to the general election in November, which he is heavily favored to win because of the district’s Republican leanings. The victor will replace Republican congressman Larry Bucshon, who announced his retirement earlier this year.
Continue reading...The bipartisan duo also praised schools that brought in police to violently quell protests and connected the demonstrations to the TikTok ban.
The post In No Labels Call, Josh Gottheimer, Mike Lawler, and University Trustees Agree: FBI Should Investigate Campus Protests appeared first on The Intercept.
The Israel lobby failed to take down Rep. Summer Lee. They’ve now set their sights on Reps. Jamaal Bowman and Cori Bush.
The post Let’s Check In on AIPAC’s Assault on the Squad appeared first on The Intercept.
Congress party’s Arun Reddy held over fake video of interior minister Amit Shah
Indian police have said they have arrested the social media chief of the country’s main opposition party over a doctored video widely shared during the ongoing national election.
Arun Reddy of the Congress party was detained late on Friday in connection with the edited footage, which falsely shows India’s powerful interior minister, Amit Shah, vowing in a campaign speech to end affirmative action policies for millions of poor and low-caste Indians.
Continue reading...The pro-Israel group is funneling money through a “pro-science” PAC, according to two members of Congress.
The post AIPAC Is Secretly Intervening in Portland’s Congressional Race to Take Down Susheela Jayapal, Sources Say appeared first on The Intercept.
The Israel lobby is expected to start a $20 million ad blitz backing its handpicked candidate against the incumbent Squad member.
The post AIPAC’s Next Top Target? Rep. Jamaal Bowman appeared first on The Intercept.
University faculty have put their bodies and livelihoods on the line amid a brutal, violent response to student protests for Gaza.
The post From UCLA to Columbia, Professors Nationwide Defend Students as Politicians and Police Attack appeared first on The Intercept.
For years, the political establishment opportunistically railed against sex trafficking. Then came Pizzagate.
The post QAnon Was Born Out of the Sex Ad Moral Panic That Took Down Backpage.com appeared first on The Intercept.
Evidence points to Absolute Standards as the source of a lethal drug the Trump administration used to restart federal executions after 17 years.
The post “Little Home Market”: The Connecticut Company Accused of Fueling an Execution Spree appeared first on The Intercept.
Nigeria has gotten billions in U.S. security assistance, even as its counterterrorism campaign has a massive civilian death toll.
The post Biden Says He Told Nigeria to Kill Fewer Civilians — but Nigeria Keeps Killing Lots of Civilians appeared first on The Intercept.
A measure passed by the House seeks to block Americans from traveling to Iran on U.S. passports.
The post House Responds to Israeli-Iranian Missile Exchange by Taking Rights Away From Americans appeared first on The Intercept.
Nahla Al-Arian lost more than 200 relatives in Israel's attacks on Gaza. Then Eric Adams said she was the reason police raided Columbia.
The post NYC Mayor Smeared a Grandmother as an “Outside Agitator” to Justify NYPD Assault on Columbia appeared first on The Intercept.
For years, the political establishment opportunistically railed against sex trafficking. Then came Pizzagate.
The post QAnon Was Born Out of the Sex Ad Moral Panic That Took Down Backpage.com appeared first on The Intercept.
Non-fungible tokens (NFTs) are the most popular digital assets today, capturing the attention of cryptocurrency investors, whales and people from around the world. People find it amazing that some users spend thousands or millions of dollars on a single NFT-based image of a monkey or other token, but you can simply take a screenshot for free. So here we share some freuently asked question about NFTs.
NFT stands for non-fungible token, which is a cryptographic token on a blockchain with unique identification codes that distinguish it from other tokens. NFTs are unique and not interchangeable, which means no two NFTs are the same. NFTs can be a unique artwork, GIF, Images, videos, Audio album. in-game items, collectibles etc.
A blockchain is a distributed digital ledger that allows for the secure storage of data. By recording any kind of information—such as bank account transactions, the ownership of Non-Fungible Tokens (NFTs), or Decentralized Finance (DeFi) smart contracts—in one place, and distributing it to many different computers, blockchains ensure that data can’t be manipulated without everyone in the system being aware.
The value of an NFT comes from its ability to be traded freely and securely on the blockchain, which is not possible with other current digital ownership solutionsThe NFT points to its location on the blockchain, but doesn’t necessarily contain the digital property. For example, if you replace one bitcoin with another, you will still have the same thing. If you buy a non-fungible item, such as a movie ticket, it is impossible to replace it with any other movie ticket because each ticket is unique to a specific time and place.
One of the unique characteristics of non-fungible tokens (NFTs) is that they can be tokenised to create a digital certificate of ownership that can be bought, sold and traded on the blockchain.
As with crypto-currency, records of who owns what are stored on a ledger that is maintained by thousands of computers around the world. These records can’t be forged because the whole system operates on an open-source network.
NFTs also contain smart contracts—small computer programs that run on the blockchain—that give the artist, for example, a cut of any future sale of the token.
Non-fungible tokens (NFTs) aren't cryptocurrencies, but they do use blockchain technology. Many NFTs are based on Ethereum, where the blockchain serves as a ledger for all the transactions related to said NFT and the properties it represents.5) How to make an NFT?
Anyone can create an NFT. All you need is a digital wallet, some ethereum tokens and a connection to an NFT marketplace where you’ll be able to upload and sell your creations
When you purchase a stock in NFT, that purchase is recorded on the blockchain—the bitcoin ledger of transactions—and that entry acts as your proof of ownership.
The value of an NFT varies a lot based on the digital asset up for grabs. People use NFTs to trade and sell digital art, so when creating an NFT, you should consider the popularity of your digital artwork along with historical statistics.
In the year 2021, a digital artist called Pak created an artwork called The Merge. It was sold on the Nifty Gateway NFT market for $91.8 million.
Non-fungible tokens can be used in investment opportunities. One can purchase an NFT and resell it at a profit. Certain NFT marketplaces let sellers of NFTs keep a percentage of the profits from sales of the assets they create.
Many people want to buy NFTs because it lets them support the arts and own something cool from their favorite musicians, brands, and celebrities. NFTs also give artists an opportunity to program in continual royalties if someone buys their work. Galleries see this as a way to reach new buyers interested in art.
There are many places to buy digital assets, like opensea and their policies vary. On top shot, for instance, you sign up for a waitlist that can be thousands of people long. When a digital asset goes on sale, you are occasionally chosen to purchase it.
To mint an NFT token, you must pay some amount of gas fee to process the transaction on the Etherum blockchain, but you can mint your NFT on a different blockchain called Polygon to avoid paying gas fees. This option is available on OpenSea and this simply denotes that your NFT will only be able to trade using Polygon's blockchain and not Etherum's blockchain. Mintable allows you to mint NFTs for free without paying any gas fees.
The answer is no. Non-Fungible Tokens are minted on the blockchain using cryptocurrencies such as Etherum, Solana, Polygon, and so on. Once a Non-Fungible Token is minted, the transaction is recorded on the blockchain and the contract or license is awarded to whoever has that Non-Fungible Token in their wallet.
You can sell your work and creations by attaching a license to it on the blockchain, where its ownership can be transferred. This lets you get exposure without losing full ownership of your work. Some of the most successful projects include Cryptopunks, Bored Ape Yatch Club NFTs, SandBox, World of Women and so on. These NFT projects have gained popularity globally and are owned by celebrities and other successful entrepreneurs. Owning one of these NFTs gives you an automatic ticket to exclusive business meetings and life-changing connections.
That’s a wrap. Hope you guys found this article enlightening. I just answer some question with my limited knowledge about NFTs. If you have any questions or suggestions, feel free to drop them in the comment section below. Also I have a question for you, Is bitcoin an NFTs? let me know in The comment section below
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