Noah denkt™ - The Power of Balanced Reasoning |
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US Voters tell pundits and analysts that any complacency about the future is
dramatically mistaken
Comment on the US Primary after Cruz’s pots-Indiana retreat, drafted and posted on May 4, 2016
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The results of the US presidential primaries in Indiana mark a watershed moment not only for US politics. For
the first time in US history voters have rejected in dramatic fashion the TARP-like effort from the media and
political establishment to rescue subject establishment from defeat in the GOP Primary. It is now effectively
clear that Republican Party front-runner Donald Trump will be the GOP candidate in the 2016 presidential
election. And it is equally clear that Sen. Sanders will continue to mount a credible challenge to Mrs. Clinton’s
front-runner status despite all the odds that were stacked up against him from the get-go.
While there is no denying that voters are sending a powerful message of discontent, concern and frustration
about the state of affairs in society and economy, economic experts and commentators go about their business
in the same complacent manner as before. They generally continue to believe that more of the same, i.e. a little
raising or lowering of interest rates here and some "retooling of human capital" there will be enough to meet the
challenges which the digital age is imposing on us. Nothing could be further from the truth and voters are
effectively telling us so. The sad reality is that nobody at this time has any meaningful proposal as to the scope,
the content and the direction subject “retooling of human capital” will have to aim for in order to deal with the
massive amount of people laid-off or being transferred to inferior, low-paying jobs in the course of the digital
revolution. In fact, there is not even a national debate about this issue. So how can we possibly hope that
business as usual will take care of this emergency if that emergency isn’t being sufficiently recognized as it is?
The general public who experiences the precarious aspect of the digital revolution first-hand has a sixth sense
that the current levels of expert complacency won’t do the job here. That is why they are looking elsewhere.
And they have every right and reason to do so. After all, it may well be that you have to sense this emergency
in your own personal life in order to be able to properly appreciate the fragility which is facing the entire system.
In other words, it is highly probable that establishment pundits are just too well-off in order to adequately
capture the sense of urgency that is actually being required from them. One might hence argue that voters are
the better analysts at this point. And the Indiana results would confirm that assumption.
dramatically mistaken
Comment on the US Primary after Cruz’s pots-Indiana retreat, drafted and posted on May 4, 2016
---------------------------------------------------------------------------------------------------------------------------------------
The results of the US presidential primaries in Indiana mark a watershed moment not only for US politics. For
the first time in US history voters have rejected in dramatic fashion the TARP-like effort from the media and
political establishment to rescue subject establishment from defeat in the GOP Primary. It is now effectively
clear that Republican Party front-runner Donald Trump will be the GOP candidate in the 2016 presidential
election. And it is equally clear that Sen. Sanders will continue to mount a credible challenge to Mrs. Clinton’s
front-runner status despite all the odds that were stacked up against him from the get-go.
While there is no denying that voters are sending a powerful message of discontent, concern and frustration
about the state of affairs in society and economy, economic experts and commentators go about their business
in the same complacent manner as before. They generally continue to believe that more of the same, i.e. a little
raising or lowering of interest rates here and some "retooling of human capital" there will be enough to meet the
challenges which the digital age is imposing on us. Nothing could be further from the truth and voters are
effectively telling us so. The sad reality is that nobody at this time has any meaningful proposal as to the scope,
the content and the direction subject “retooling of human capital” will have to aim for in order to deal with the
massive amount of people laid-off or being transferred to inferior, low-paying jobs in the course of the digital
revolution. In fact, there is not even a national debate about this issue. So how can we possibly hope that
business as usual will take care of this emergency if that emergency isn’t being sufficiently recognized as it is?
The general public who experiences the precarious aspect of the digital revolution first-hand has a sixth sense
that the current levels of expert complacency won’t do the job here. That is why they are looking elsewhere.
And they have every right and reason to do so. After all, it may well be that you have to sense this emergency
in your own personal life in order to be able to properly appreciate the fragility which is facing the entire system.
In other words, it is highly probable that establishment pundits are just too well-off in order to adequately
capture the sense of urgency that is actually being required from them. One might hence argue that voters are
the better analysts at this point. And the Indiana results would confirm that assumption.
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| Keywords: establishment versus general public in US politics, establishment versus voters in 2016 GOP Primary, establishment effort to rescue the establishment from defeat, crony capitalism in GOP Primary, complacency of economic analysts versus urgency of US voters, experts versus ordinary citizens |