17 results back to index
When China Rules the World: The End of the Western World and the Rise of the Middle Kingdom by Martin Jacques
Admiral Zheng, Asian financial crisis, Berlin Wall, Bob Geldof, Bretton Woods, BRICs, British Empire, credit crunch, Dava Sobel, deindustrialization, Deng Xiaoping, deskilling, discovery of the americas, Doha Development Round, energy security, European colonialism, failed state, Fall of the Berlin Wall, Francis Fukuyama: the end of history, global reserve currency, global supply chain, illegal immigration, income per capita, invention of gunpowder, James Watt: steam engine, joint-stock company, Kenneth Rogoff, land reform, land tenure, lateral thinking, Malacca Straits, Martin Wolf, Naomi Klein, Nelson Mandela, new economy, New Urbanism, one-China policy, open economy, Pearl River Delta, pension reform, price stability, purchasing power parity, reserve currency, rising living standards, Ronald Reagan, Scramble for Africa, Silicon Valley, South China Sea, sovereign wealth fund, special drawing rights, special economic zone, spinning jenny, Spread Networks laid a new fibre optics cable between New York and Chicago, the scientific method, Thomas L Friedman, trade liberalization, urban planning, Washington Consensus, Westphalian system, Xiaogang Anhui farmers, zero-sum game
Life has not been that dissimilar in the era of the single superpower, with most countries enjoying varying degrees of limited sovereignty in their relationship with the United States. Given the profound inequalities in interstate relations, the concept of equality in the Westphalian system is thus legalistic rather than real. In practice, as with the tributary system, it has strong hierarchical features.85 Like the tributary system, the Westphalian system also has an influential cultural component, namely the idea of hegemony or soft power. In other words, the distinction between the tributary and Westphalian systems is not quite as clear-cut as one might think. Seen in these terms, the restoration of elements of the tributary system in a modernized form does not seem so far-fetched. Some of the old building blocks, moreover, remain firmly in place.
THE RETURN OF THE TRIBUTARY SYSTEM The Westphalian system has dominated international relations ever since the emergence of the modern European nation-state. It has become the universal conceptual language of the international system. As we have seen, however, the Westphalian system has itself metamorphosed over time and enjoyed several different iterations. Even so, it remains what it was, an essentially European-derived concept designed to make the world conform to its imperatives and modalities. As a consequence, different parts of the world approximate in differing degrees to the Westphalian norm. Arguably this congruence has been least true in East Asia, where the legacy of the tributary state system, and the presence of China, mean that the Westphalian system exists in combination with, and on top of, pre-existing structures and attitudes.
ECHOES OF THE PAST In the light of the region’s realignment towards China, we can now return to the question of how East Asia’s relationship with China is likely to evolve and, in particular, to what extent it might bear some of the hallmarks of the tributary system. The tributary system and Westphalian system are often regarded as polar opposites and mutually exclusive, the former involving a hierarchical relationship, the latter based on relations of equality between sovereign nation-states. In fact, as mentioned in Chapter 7, the Westphalian system in practice has never been quite that simple. For most of its history it was largely confined to a group of European states, since until the second half of the twentieth century the great majority of countries in the world did not enjoy independence, let alone equality.84 Even after these countries became sovereign nation-states, in the great majority of cases they were to enjoy nothing like equality with the United States or the West European nations, a situation which was exacerbated during the Cold War, when nation-states experienced what was, in practice, limited sovereignty in their relationship with the superpower to which they owed their allegiance.
State-Building: Governance and World Order in the 21st Century by Francis Fukuyama
Asian financial crisis, Berlin Wall, Bretton Woods, centre right, corporate governance, demand response, Doha Development Round, European colonialism, failed state, Fall of the Berlin Wall, Francis Fukuyama: the end of history, George Akerlof, Hernando de Soto, information asymmetry, liberal world order, Live Aid, Nick Leeson, Pareto efficiency, Potemkin village, price stability, principal–agent problem, rent-seeking, road to serfdom, Ronald Coase, structural adjustment programs, technology bubble, The Market for Lemons, The Nature of the Firm, transaction costs, Washington Consensus, Westphalian system
The experience of Somalia, Haiti, Cambodia, the Balkans, and other places has generated a huge literature on external intervention (see, among others, weak states and international legitimacy 97 Damrosch 1993; Heiberg 1994; Hoffmann 1996; Lugo 1996; Mastanduno and Lyons 1995; Mayall 1996; Murphy 1996; von Lipsey 1997; Weiss and Collins 1996; and Williamson 1998; for a critical view, see Carpenter 1997). In the debates over humanitarian intervention, the case was made that the Westphalian system was no longer an adequate framework for international relations. The Westphalian system was built around a deliberate agnosticism over the question of legitimacy. The end of the Cold War, it was argued, brought about much greater consensus within the world community over the principles of political legitimacy and human rights than before. Sovereignty and therefore legitimacy could no longer be automatically conferred on the de facto power holder in a country.
The effort to be more “scientiﬁc” than the underlying subject matter permits carries a real cost in blinding us to the real complexities of public administration as it is practiced in different societies. 3 w e a k stat e s a n d i n t e r n at i o n a l legitimacy I n the ﬁrst two chapters I discuss the problem of weak governance and missing or inadequate institutions at the nation-state level, where it becomes a critical obstacle to the economic development of individual poor countries. It has also become a critical problem at the level of the international system as a whole. Sovereignty and the nation-state, cornerstones of the Westphalian system, have been eroded in fact and attacked in principle because what goes on inside states—in other words, their internal governance—often matters intensely to other members of the international system. But who has the right or the legitimacy to violate another state’s sovereignty, and for what purposes? Is there a source of international legitimacy that does not itself depend on the existence and strength of sovereign nation-states?
., 110 New Zealand, 13, 35 State Sector Act, 14 Nicaragua, 39 North Atlantic Treaty Organization (NATO), 116 North, Douglass, 33 nongovernmental organizations (NGOs), 60 Office of the High Representative in Bosnia and Herzegovina, 103 Olsen, Johan, 52 Organization for Economic Cooperation and Development (OECD), 17 n2, 18 organizational culture, 63 Oslo peace process, 94 Pakistan, 30 Panama, 39 Peel Reforms, 85 Perry, Commodore, 34 Philippines, 39 Pinchot, Gifford, 64 Plaza Accord, 75 Political Order in Changing Societies (Huntington), 26 Polity IV data set, 11 presidentialism, 25 136 index principal-agent relationships, 47–52, 55, 60, 65 Pritchett, Lant, 56, 84 privatization, 18–19, 59 procurement, government, 71 property rights, 21 public administration, 23, 43–44 Public Administration (Simon et. al), 79 public choice theory, 49–50 public education, 58–59 al-Qaida, 93, 95, 105 rational choice political science, 33 Reagan, Ronald, 113 Reaganism, 4 rule of law, 59 Russia, 13, 18 ﬁscal federalism in, 25 Rwanda, 93 satisﬁcing, 52 Saudi Arabia, 94–95 Schein, Edgar, 79, 81 Schröder, Gerhard 105 scientiﬁc management, 62 Scott, James, 82 Sears Roebuck Company, 70–71 Selznick, Philip, 79–80 September 11 attacks, x–xi, 2, 93 Serbia, 97, 116 shirking, 61–62 Sierra Leone, 93 Simon, Herbert, 52–54, 79 Singapore, 38 social capital, 30, 62–63 Somalia, x, 93 Sorensen, Georg, 35 sovereignty, 92, 97–98, 104 Soviet Union, 2, 12–13, 26 Spain, 34 state, deﬁnition, 6 European views of, 110 functions, 1 legitimacy, 110 scope, deﬁned, 7 strength, deﬁned, 7 totalitarian, 3 state-building, deﬁned, ix stovepipes, 54, 65 subsidiarity, 67 Suharto, 28, 71–72 Sweden, 4, 34 Taiwan, 30, 35, 37 Taylor, Frederick, 62 Taylorism, 62–63, 78 Tennessee Valley Authority, 79 terrorism, xi, 93, 98 Thailand, 17 n2, 18 Thatcherism, 4 Tilly, Charles, 34 Tollison, Robert 49 Transparency International, 10 Tullock, Gordon, 49 Turkey, 12, 28, 35 Uganda, x United Nations, 98, 109, 115–116 Security Council debate over Iraq, 108 weaknesses of, 115–116 United States, 6 founding of, 31 national identity in, 112–113 post-September 11 foreign policy, 94–96 quality of bureaucracy in, 12 state-building in, 34 unilateralist policies, 105–106 United States Agency for International Development (USAID), 89 n6, 90, 90 n6, 107 van de Walle, Nicholas, 16, 36 Venezuela, 28 Vietnam, Republic of, 39 von Mises, Ludwig, 68 vouchers, 59 index Washington consensus, 5, 15, 17 weapons of mass destruction (WMD), xi, 93, 98, 105, 108 Weber, Max, 6, 67 Weingast, Barry, 33 Westphalian system, 92, 97 Wiley, Harvey, 64 Williamson, Oliver, 46, 52, 79 Wilson, James Q., 79 Wilson, Woodrow, 109 Winthrop, Governor, 113 Wood, Robert, 71 137 Woolcock, Michael, 56, 82, 84 World Bank, 5, 10, 41 World Development Report, 1997 (World Bank), 7 World Trade Organization, 106– 107 Yates, Joanne, 68 zaibatsu, 85 Zaire, 16 Zakaria, Fareed, 26
Capital Without Borders by Brooke Harrington
banking crisis, Big bang: deregulation of the City of London, British Empire, capital controls, Capital in the Twenty-First Century by Thomas Piketty, complexity theory, corporate governance, corporate social responsibility, diversified portfolio, estate planning, eurozone crisis, family office, financial innovation, ghettoisation, haute couture, high net worth, income inequality, information asymmetry, Joan Didion, job satisfaction, joint-stock company, Joseph Schumpeter, liberal capitalism, mega-rich, mobile money, offshore financial centre, race to the bottom, regulatory arbitrage, Robert Shiller, Robert Shiller, South Sea Bubble, the market place, Thorstein Veblen, transaction costs, upwardly mobile, wealth creators, web of trust, Westphalian system, Wolfgang Streeck, zero-sum game
Their work highlights, and often exacerbates, the “lack of existing regulatory capacity at the global level”—that is, the absence of effective institutions to address gaps and conflicts in national laws with regard to global capital flows.4 Examining the relationship between states and wealth managers ties into ongoing debates about the extent and consequences of globalization, known as “one of the most vexed issues in all of social science.”5 On the one hand, there is recognition of a profound change occurring in the configuration of state power. Some view this as the end of the Westphalian system: “A key feature of the current epoch is the supersession of the nation-state as the organizing principle of capitalism.… [T]ransnational or global space is coming to supplant national spaces.”6 But “globalization skeptics” see this as excessively pessimistic about the role of the state.7 In particular, they point to lack of coordination in the international financial system as indicating that the forces of economic globalization pose a weak challenge to the power of the state.
At one extreme, American policy makers have sought to reimpose state power with an iron hand, punishing high-net-worth individuals who relinquish their citizenship. U.S. consular fees for renunciation have been hiked by 442 percent in recent years (making them twenty times higher than the average for developed countries); if that doesn’t provide a sufficient deterrent, several of those former citizens have been barred from reentering the country.70 At the other extreme, some observers argue that it is better to acquiesce to the crumbling of the Westphalian system by giving up on the notion of citizenship altogether. A recent book of policy scholarship proposes “abolishing borders and transforming all human beings into citizens of the world.”71 The seriousness with which this proposition has been greeted suggests how deeply impaired the centuries-old world system of states, sovereignty, and citizenship has become, partly thanks to the work of wealth managers.
But the data from this study suggest that the problem has grown to an extent almost unimaginable previously; even in the feudal era, there were still authorities (such as the Roman Catholic Church in Europe) that retained a meaningful power to impose laws on even the wealthiest and most privileged of individuals. Today there no longer seem to be such authorities or such power. The high-net-worth individuals of the world are largely ungoverned, and ungovernable. It is this, even more than the emptying of state coffers, that poses the direst threat to the Westphalian system. This brings us to the third and final contribution of this book to the study of states and political economy: the suggestion that a kind of parallel state system has arisen for the wealthy, a system that operates largely unnoticed except when it throws the world that the rest us inhabit into chaos. This system operates like a parasitic twin on the Westphalian model. In the biological realm, the medical literature defines this condition as one of “unequal and asymmetric twinning,” in which the parasite is less developed than and dependent upon its host.79 This seems an apt metaphor for the relationship of the offshore world to traditional states.
The Virtue of Nationalism by Yoram Hazony
Berlin Wall, British Empire, conceptual framework, Fall of the Berlin Wall, Francis Fukuyama: the end of history, illegal immigration, invention of the printing press, Mahatma Gandhi, Peace of Westphalia, profit motive, Ronald Reagan, Steven Pinker, Thomas Kuhn: the structure of scientific revolutions, Torches of Freedom, urban planning, Westphalian system
They still refer to Europe as a universal respublica Christiana—a world Christian republic. This point is discussed at length by Croxton, who suggests that the interpretation of the treaties as having been responsible for giving birth to a “Westphalian” system of sovereign states goes unnoticed in the international-relations literature until Pierre-Joseph Proudhon points it out in 1863. Derek Croxton, Westphalia (New York: Palgrave MacMillan, 2013 ed.), 339–362. Of course Vattel was already writing about a system of putatively “equal” and “sovereign” states in Europe in 1758, a century after the Westphalia treaties, but Croxton’s point is basically right: What is later called the Westphalian system is hardly the only possible view of the order emerging during the Thirty Years’ War. 27. The English common lawyer Matthew Hale, a disciple of Selden, writes that although God gave the Ten Precepts “to one particular nation, the Jewish church, yet he made that nation signal and eminent and conspicuous to all the world by signs, wonders, and observable providence, that they might be like a beacon upon a hill, like a mighty and stately pillar set up in the middle of the world to hang upon it those tables of natural righteousness, which might be conspicuous and legible to the greatest part even of the gentile world of many ages.”
It was this deeply entrenched German-universalist and imperialist tradition that had made it so easy for the preeminent German philosopher of Enlightenment, Immanuel Kant, to assert in his Perpetual Peace that the only rational form of government would be one in which the national states of Europe were dismantled in favor of a single government that would eventually be extended to the entire world. In repeating this theory, Kant was merely offering yet another version of the German-led Holy Roman Empire.55 Adenauer’s repeated proposals to restrain Germany by eliminating the Westphalian system of national states did not, for this reason, envision Germans giving up on much that had been historically significant to them. The chancellor was in fact only reiterating a venerable German tradition as to what political arrangements in Europe should look like. Nations that had won their independence from the German emperors at such cost three or four centuries earlier, on the other hand, were being asked to make quite a considerable sacrifice for the sake of the promised peace and prosperity.
Imperial Ambitions: Conversations on the Post-9/11 World by Noam Chomsky, David Barsamian
British Empire, collective bargaining, cuban missile crisis, declining real wages, failed state, feminist movement, Howard Zinn, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Joseph Schumpeter, liberation theology, Monroe Doctrine, Nelson Mandela, offshore financial centre, Ronald Reagan, The Wealth of Nations by Adam Smith, Thomas L Friedman, Upton Sinclair, uranium enrichment, Westphalian system
“Anticipatory self-defense,” she wrote in Foreign Affairs, is “a tool every president has quietly held in reserve.”5 You keep it in your back pocket, and you use it when you want to. The most interesting comment, perhaps, was Henry Kissinger’s, responding to a major address by President Bush at West Point in which he had presented an outline of the National Security Strategy. Kissinger said this “revolutionary” doctrine in international affairs would tear to shreds not only the UN Charter and international law but the whole seventeenth-century Westphalian system of international order. Kissinger approved of the doctrine, though he added one proviso: we have to understand that this can’t be “a universal principle available to every nation.”6 The doctrine is for us, not for anyone else. We will use force whenever we like against anyone we regard as a potential threat, and maybe we will delegate that right to client states, but it’s not for others. Let’s turn to the second part of the Bush doctrine: “Those who harbor terrorists are as guilty as the terrorists themselves.”7 Just as we have the right to attack and destroy terrorists, we have the right to attack and destroy states that harbor terrorists.
See also Russia Srebrenica Stahn, Carsten Stalin, Joseph State Department Steinbruner, John Stephens, Philip Student Nonviolent Coordinating Committee (SNCC) Sudan Taliban taxes costs of Iraq and Taylor, Telford Taylorism terrorism Terrorism: Theirs and Ours (Ahmad) Texas Thailand Tiger Force Tocqueville, Alexis de Tokyo: bombings tribunal Toledo Blade Trans-Siberian railway Turkey unions United Kingdom United Nations Charter Security Council U.S. Congress “unlawful combatant,” Venezuela Vietnam, invasion of Cambodia Vietnam War volunteer army Wall Street Journal war crimes War Crimes Act (1996) War of 1812 wars of aggression Washington, George Washington Post weapons of mass destruction Wedgwood, Ruth welfare West Africa Western expansion Western Hemisphere Institute for Security Cooperation Westphalian system Williams, William Appleman Wilson, Richard Wilson, Woodrow Wolfowitz, Paul women’s rights World Social Forum World War 1 World War II Yamashita, Tomoyuki Yeltsin, Boris Yugoslavia, special tribunal for Zinn, Howard Zionism ABOUT THE AUTHORS NOAM CHOMSKY is the author of numerous bestselling political works, from American Power and the New Mandarins in the 1960s to Hegemony or Survival in 2003.
The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis by James Rickards
"Robert Solow", Affordable Care Act / Obamacare, Albert Einstein, asset allocation, asset-backed security, bank run, banking crisis, barriers to entry, Bayesian statistics, Ben Bernanke: helicopter money, Benoit Mandelbrot, Berlin Wall, Bernie Sanders, Big bang: deregulation of the City of London, bitcoin, Black Swan, blockchain, Bonfire of the Vanities, Bretton Woods, British Empire, business cycle, butterfly effect, buy and hold, capital controls, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, cellular automata, cognitive bias, cognitive dissonance, complexity theory, Corn Laws, corporate governance, creative destruction, Credit Default Swap, cuban missile crisis, currency manipulation / currency intervention, currency peg, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, debt deflation, Deng Xiaoping, disintermediation, distributed ledger, diversification, diversified portfolio, Edward Lorenz: Chaos theory, Eugene Fama: efficient market hypothesis, failed state, Fall of the Berlin Wall, fiat currency, financial repression, fixed income, Flash crash, floating exchange rates, forward guidance, Fractional reserve banking, G4S, George Akerlof, global reserve currency, high net worth, Hyman Minsky, income inequality, information asymmetry, interest rate swap, Isaac Newton, jitney, John Meriwether, John von Neumann, Joseph Schumpeter, Kenneth Rogoff, labor-force participation, large denomination, liquidity trap, Long Term Capital Management, mandelbrot fractal, margin call, market bubble, Mexican peso crisis / tequila crisis, money market fund, mutually assured destruction, Myron Scholes, Naomi Klein, nuclear winter, obamacare, offshore financial centre, Paul Samuelson, Peace of Westphalia, Pierre-Simon Laplace, plutocrats, Plutocrats, prediction markets, price anchoring, price stability, quantitative easing, RAND corporation, random walk, reserve currency, RFID, risk-adjusted returns, Ronald Reagan, Silicon Valley, sovereign wealth fund, special drawing rights, stocks for the long run, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, Thomas Bayes, Thomas Kuhn: the structure of scientific revolutions, too big to fail, transfer pricing, value at risk, Washington Consensus, Westphalian system
The late-sixteenth-century religious wars culminated in the Thirty Years’ War of the early seventeenth century. From 1618 to 1648, Europe devoured itself in its first demonstration of total war since antiquity. Civilian populations were starved and slaughtered and cities destroyed in ways not seen since the pagans. What ended the desolation was the Peace of Westphalia, from which emerged the modern state system of sovereignty and diplomacy we have had ever since. Under the Westphalian system, states existed within recognized borders. Each state’s sovereignty was recognized by others. Principles of noninterference were agreed. Religious differences between states were tolerated. States might be monarchies or republics. Permanent state interest, or raison d’état, was the organizing principle of international relations. War was not eliminated, yet it was mitigated by diplomacy and balance-of-power politics.
The object of the balance of power was to prevent one state from becoming so powerful it could conquer others and destroy world order. Throughout the eighteenth and nineteenth centuries, France was the threat against which the balance of power was maintained. By the late nineteenth and early twentieth centuries, Germany and Russia became the primary threats. Great Britain, and later the United States, served as principal counterweights first to French, and then to German and Russian power. The Westphalian system collapsed utterly in the horrors of the First and Second World Wars. The interwar period, 1919–39, saw efforts to build another world order based on multilateral organizations like the League of Nations. These efforts failed due to the legacy of a vindictive 1919 Treaty of Versailles. That treaty made Germany revanchist, and revenge inevitable. After the Second World War, another world order emerged: the bipolar world of U.S. and Russian hegemony over their respective empires.
After the Second World War, another world order emerged: the bipolar world of U.S. and Russian hegemony over their respective empires. The United States acted through alliances such as NATO supported by gold, nuclear weapons, and sea power. Russia acted through a land-based empire, the Union of Soviet Socialist Republics, and proxy states including Cuba, North Korea, and North Vietnam. This postwar condominium included elements of the Westphalian system such as statehood, sovereignty, and diplomacy, now supplemented with more robust versions of the failed multilateral institutions of the interwar period. The United Nations, International Monetary Fund, World Bank, and later the G20 were a new multilateral metastructure imposed on the state system to maintain peace, promote growth, and instill monetary stability. This overview is intentionally Occidental.
What's Next?: Unconventional Wisdom on the Future of the World Economy by David Hale, Lyric Hughes Hale
affirmative action, Asian financial crisis, asset-backed security, bank run, banking crisis, Basel III, Berlin Wall, Black Swan, Bretton Woods, business cycle, capital controls, Cass Sunstein, central bank independence, cognitive bias, collapse of Lehman Brothers, collateralized debt obligation, corporate governance, corporate social responsibility, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, currency peg, Daniel Kahneman / Amos Tversky, debt deflation, declining real wages, deindustrialization, diversification, energy security, Erik Brynjolfsson, Fall of the Berlin Wall, financial innovation, floating exchange rates, full employment, Gini coefficient, global reserve currency, global village, high net worth, Home mortgage interest deduction, housing crisis, index fund, inflation targeting, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Just-in-time delivery, Kenneth Rogoff, Long Term Capital Management, Mahatma Gandhi, Martin Wolf, Mexican peso crisis / tequila crisis, Mikhail Gorbachev, money market fund, money: store of value / unit of account / medium of exchange, mortgage tax deduction, Network effects, new economy, Nicholas Carr, oil shale / tar sands, oil shock, open economy, passive investing, payday loans, peak oil, Ponzi scheme, post-oil, price stability, private sector deleveraging, purchasing power parity, quantitative easing, race to the bottom, regulatory arbitrage, rent-seeking, reserve currency, Richard Thaler, risk/return, Robert Shiller, Robert Shiller, Ronald Reagan, sovereign wealth fund, special drawing rights, technology bubble, The Great Moderation, Thomas Kuhn: the structure of scientific revolutions, Tobin tax, too big to fail, total factor productivity, trade liberalization, Washington Consensus, Westphalian system, WikiLeaks, women in the workforce, yield curve
Bank of England Governor Mervyn King’s dictum that we have global banking in life but national banking in death characterizes the fact that large, complex financial institutions are larger than sovereign nations, ineffectively regulated in compartments at national levels, and not bound by any global laws. Their demise means that national governments have to pay for the global banks’ mistakes, but ultimately the whole world pays in the form of higher inflation, near zero interest rates, increased taxation, and lost jobs. The Westphalian System’s Relevance to Finance Wanes The Westphalian system of national sovereignty and voluntary cooperation is cracking at the seams in this highly interconnected and interdependent world. The G-20 has improved the legitimacy of global governance, but the “What to Do” is confused by turf battles over “Who Bears the Loss” and “Who Will Have the Control”. It is useful to remember that the present fiscal trend of accelerating expenditure and decreasing tax revenues in order to restore excess consumption, which in turn is funded by excess leverage despite limited global resources, is just a race to another crisis.
See Troubled Asset Relief Program (TARP) tar sands industry, xviii tax cuts, xvii; in Canada, xviii; in US, 5 taxes: Canada, 20; consumption-based taxes, 261–263; corporate taxes, 260; energy taxes, 260; excise taxes, 262; income taxes, 6, 260–262; payroll taxes, 261–262; sales taxes, 262; Tobin tax, xxvii, 250–255; turnover tax, 253–255; value-added tax (VAT), xxviii, 6, 43, 262 tax policy, xxvii–xxviii; Canada, 20, 26; Mexico, xix, 42–43; public debt and, 259–260; South Africa, 136; US, 6, 60, 260–261 technology: climate change and, 227; hydrocarbons and, 181–183 telecoms, 26 television, 298 Term Asset-Backed Securities Loan Facility (TALF), 277 testosterone, 290 Thailand, 7 Thaler, Richard, 291 Tobin, James, 250 Tobin tax, xxvii, 250–255 “too-big-too-fail” bailouts, 266, 267, 268 total factor productivity (TFP), 87 toxic securities, 238–239 transparency, 280–282 Trichet, Jean-Claude, 237–238 Triffin Dilemma, 252–253 Troubled Asset Relief Program (TARP), 3, 277 turnover tax, 253–255 Tversky, Amos, 289 Uganda, xxii, xxv, 126 unemployment rate, xvi, 4 United Kingdom: climate change policy of, xxvi; domestic demand in, 140; as financial capital, 244–245; fiscal deficit in, 257; fiscal policy of, 59, 71; government debt in, 160–161; Tobin tax and, 251–252 United Nations Development Programme (UNDP), 184 United Nations Framework Convention on Climate Change (UNFCCC), 220–222 United States: banking sector in, xxvii, 235–241; Canada and, 13–14, 24; climate change and, xxvi, 224–225; corporate sector in, xvi, 4, 8; economic recovery in, xvi–xvii, 3–11, 13–14, 65–66; as engine of world demand, 96, 140; environmental policies, 5, 27; financial system of, 157; fiscal deficit in, 10–11, 70, 257; fiscal policy of, xvii, 6, 10–11; fiscal stimulus program in, 4; government debt, 160; growth rate in, 5, 13–14; household sector in, 8; housing sector in, 9; industrial production in, 65; monetary policy of, 7–10; partisan politics in, 5–6; politics in, 269–270; productivity gains in, xvi, 4; public policy of, xvi–xvii; stimulus measures in, 4, 13; tax policy of, 6, 63, 260–261 Uribe, Alvaro, 33 Uruguay, 48, 49–50 US consumers, xv US dollar: alternatives to, 158; devaluation of, xvii, 7, 25; gold prices and, 173–174; as reserve currency, xxiv, 153–165; weakening, and commodity prices, 53 US government securities, 160 value-added tax (VAT), xxviii, 6, 43, 262 Van Alstyne, Marshal, 296 Venezuela, 48–49, 50, 51, 183 Volcker Rule, 267, 268 web-based communities, 296 Weber, Alex, 285 welfare expenditures, South Africa, 137–138 Wellink, Nout, 248 West Africa, xxii, 126–127 Westphalian system, 251 World Bank, 119, 154 world economy, 12–14; in 2010–2011, 94–95; recovery of, xv; trends underpinning, 78–80 yen, xxiv, 9, 97, 98, 167 yield curves, 82–83 Yoshida, Shigeru, 105 Zambia, 118, 125 ZANU-PF, 125 Zapatistas, 35 Zedillo, Ernesto, 35 Zimbabwe, xxii, 125 Zoellick, Robert, 169 “zombie” firms, 112 Zuma, Jacob, 125, 128, 134–137
The Return of Marco Polo's World: War, Strategy, and American Interests in the Twenty-First Century by Robert D. Kaplan
Admiral Zheng, always be closing, California gold rush, collective bargaining, Deng Xiaoping, Donald Trump, failed state, Francis Fukuyama: the end of history, friendly fire, Haight Ashbury, kremlinology, load shedding, mass immigration, megacity, one-China policy, Parag Khanna, Pax Mongolica, Ronald Reagan, South China Sea, sovereign wealth fund, trade route, Westphalian system, Yom Kippur War
Elizabeth M. Lockyer, with help from Diane and Marc Rathbun, meticulously organizes my professional life. And my wife, Maria Cabral, remains there with decades’ worth of love and support. 1. The Return of Marco Polo’s World and the U.S. Military Response AS EUROPE DISAPPEARS, EURASIA COHERES. The supercontinent is becoming one fluid, comprehensible unit of trade and conflict, as the Westphalian system of states weakens and older, imperial legacies—Russian, Chinese, Iranian, Turkish—become paramount. Every crisis from Central Europe to the ethnic-Han Chinese heartland is now interlinked. There is one singular battle space. What follows is a historical and geographical guide to it. The Dispersion of the West Never before in history did Western civilization reach such a point of geopolitical concision and raw power as during the Cold War and its immediate aftermath.
To this end, we will need to strengthen our Foreign Area Officer program with first-tier recruits, not second- and third-tier ones as we often do now. The decline of states in general in inner Asia means a future of more refugees. We will have to become expert at using refugee camps for intelligence gathering, at a time in history when our adversaries try to weaponize refugees. Obviously, diplomacy will be altogether crucial in many of these efforts, in which there will be no victory parades, even as the Westphalian system of modern states weakens and calcifies. Of course, we must maintain robust land forces for the sake of unpredictable contingencies, as well as to demonstrate clearly that we always reserve the right to intervene—even if we don’t, or shouldn’t. The fact is, a robust land force in and of itself affects the power calculations of our adversaries to our advantage. This may seem like a prohibitively expensive insurance policy, but the cost of not maintaining deployable land forces would be far greater in terms of the temptations offered to expansionist, autocratic states such as Russia, China, and Iran, especially as they internally weaken and consequently employ nationalism as a solidifying force.
War for Eternity: Inside Bannon's Far-Right Circle of Global Power Brokers by Benjamin R. Teitelbaum
Affordable Care Act / Obamacare, bitcoin, Boris Johnson, creative destruction, crony capitalism, cryptocurrency, Donald Trump, Etonian, Francis Fukuyama: the end of history, illegal immigration, Joseph Schumpeter, liberal capitalism, liberal world order, mass immigration, mutually assured destruction, Network effects, Saturday Night Live, school choice, side project, Skype, South China Sea, Westphalian system, WikiLeaks
I knew there was greater depth in his thinking on this subject: after all, he claims that the economic stability of the working class is the prerequisite for their spiritual advance, which in turn is the prerequisite for the revitalization of America. But when his conversation turns to China, as is inevitable, the topic of borders works its way in as well. As he sees it, borders are central to China’s view of the world and their attempts to dominate it: “What the Chinese have in mind is anti-Westphalian. This is why Olavo and I are exactly on the same page. The Westphalian system is a system of nation-states—individual, independent, robust nation-states where the citizen can get the most value and have the most ability to control his own fate. What the Chinese are doing is a network effect. They’re taking the British East India Company model of predatory capitalism, spreading it out through One Belt One Road and Made in China 2025 initiatives, where they’re going to be an über-EU, which is, you know, whether it’s sub-Saharan Africa, Europe, the United States, Brazil, we’re all just administrative units in a network, right?”
It was part of Trump’s pledge to American workers that his administration would start prioritizing them, making decisions based on whether or not their interests were being served. Spending their money and lives in wars that didn’t directly involve them and their welfare was antithetical to that cause, the reasoning went. America first. But like many of Steve’s principles, the one surrounding nonintervention had layers of justification. Being a nationalist for one’s self must involve, he would tell you, being a nationalist on behalf of others. That is the Westphalian system of governance that he idolizes. It’s about respect for the sovereignty of the nation-state as a transcendent principle. And it’s about respecting the right of other nations to preside over their own affairs: only an anti-nationalist approach would grant one state license to intervene in another’s internal dealings. The supranational forces that would violate the principle of independence?
The Extreme Centre: A Warning by Tariq Ali
Affordable Care Act / Obamacare, Berlin Wall, bonus culture, BRICs, British Empire, centre right, deindustrialization, Edward Snowden, Fall of the Berlin Wall, financial deregulation, first-past-the-post, full employment, labour market flexibility, land reform, light touch regulation, means of production, Mikhail Gorbachev, Monroe Doctrine, mortgage debt, negative equity, Neil Kinnock, North Sea oil, obamacare, offshore financial centre, popular capitalism, reserve currency, Ronald Reagan, South China Sea, The Chicago School, The Wealth of Nations by Adam Smith, trade route, trickle-down economics, Washington Consensus, Westphalian system, Wolfgang Streeck
The availability of such awesome military power and the absence of a rival soon spurred liberal interventionists in the Clinton administration to consider limited displays of American power for philanthropic purposes, despite the military’s reluctance. Under Madeleine Albright US policy grew progressively more interventionist, and the check that the Powell Doctrine was supposed to be found itself ultimately undercut by Powell’s unbridled enthusiasm for strengthening the military. The limited, ‘humanitarian’ interventions of the nineties helped bury the Powell Doctrine as well as the sanctity of state sovereignty enshrined in the Westphalian system and the UN Charter. From the invasion of Panama in 1989 to the invasion of Iraq in 2003, the United States would participate in nine major campaigns. A blue-ribbon commission appointed by the US government in 1999 reported that ‘since the end of the Cold War, the United States has embarked upon nearly four dozen military interventions … as opposed to only sixteen during the entire period of the Cold War.’
Masters of Mankind by Noam Chomsky
affirmative action, American Legislative Exchange Council, Berlin Wall, failed state, God and Mammon, income inequality, Intergovernmental Panel on Climate Change (IPCC), land reform, Martin Wolf, means of production, Nelson Mandela, nuremberg principles, offshore financial centre, oil shale / tar sands, Paul Samuelson, plutocrats, Plutocrats, profit maximization, Ralph Waldo Emerson, Silicon Valley, the scientific method, The Wealth of Nations by Adam Smith, too big to fail, union organizing, urban renewal, War on Poverty, Washington Consensus, Westphalian system
A case in point is the reaction to the second major component of the “Bush Doctrine,” formally enunciated in the National Security Strategy of September 2002, which was at once described in the main establishment journal Foreign Affairs as a “new imperial grand strategy” declaring Washington’s right to resort to force to eliminate any potential challenge to its global dominance. The NSS was widely criticized among the foreign policy elite, including the article just cited, but on narrow grounds: not that it was wrong, or even new, but that the style and implementation were so extreme that they posed threats to US interests. Henry Kissinger described “The new approach [as] revolutionary,” pointing out that it undermines the seventeenth-century Westphalian system of international order, and of course the UN Charter and international law. He approved of the doctrine but with reservations about style and tactics, and with a crucial qualification: it cannot be “a universal principle available to every nation.” Rather, the right of aggression must be reserved to the US, perhaps delegated to chosen clients. We must forcefully reject the most elementary of moral truisms: the principle of universality.
Future Crimes: Everything Is Connected, Everyone Is Vulnerable and What We Can Do About It by Marc Goodman
23andMe, 3D printing, active measures, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, algorithmic trading, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, augmented reality, autonomous vehicles, Baxter: Rethink Robotics, Bill Joy: nanobots, bitcoin, Black Swan, blockchain, borderless world, Brian Krebs, business process, butterfly effect, call centre, Charles Lindbergh, Chelsea Manning, cloud computing, cognitive dissonance, computer vision, connected car, corporate governance, crowdsourcing, cryptocurrency, data acquisition, data is the new oil, Dean Kamen, disintermediation, don't be evil, double helix, Downton Abbey, drone strike, Edward Snowden, Elon Musk, Erik Brynjolfsson, Filter Bubble, Firefox, Flash crash, future of work, game design, global pandemic, Google Chrome, Google Earth, Google Glasses, Gordon Gekko, high net worth, High speed trading, hive mind, Howard Rheingold, hypertext link, illegal immigration, impulse control, industrial robot, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jaron Lanier, Jeff Bezos, job automation, John Harrison: Longitude, John Markoff, Joi Ito, Jony Ive, Julian Assange, Kevin Kelly, Khan Academy, Kickstarter, knowledge worker, Kuwabatake Sanjuro: assassination market, Law of Accelerating Returns, Lean Startup, license plate recognition, lifelogging, litecoin, low earth orbit, M-Pesa, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Metcalfe’s law, MITM: man-in-the-middle, mobile money, more computing power than Apollo, move fast and break things, move fast and break things, Nate Silver, national security letter, natural language processing, obamacare, Occupy movement, Oculus Rift, off grid, offshore financial centre, optical character recognition, Parag Khanna, pattern recognition, peer-to-peer, personalized medicine, Peter H. Diamandis: Planetary Resources, Peter Thiel, pre–internet, RAND corporation, ransomware, Ray Kurzweil, refrigerator car, RFID, ride hailing / ride sharing, Rodney Brooks, Ross Ulbricht, Satoshi Nakamoto, Second Machine Age, security theater, self-driving car, shareholder value, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart grid, smart meter, Snapchat, social graph, software as a service, speech recognition, stealth mode startup, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, Stuxnet, supply-chain management, technological singularity, telepresence, telepresence robot, Tesla Model S, The Future of Employment, The Wisdom of Crowds, Tim Cook: Apple, trade route, uranium enrichment, Wall-E, Watson beat the top human players on Jeopardy!, Wave and Pay, We are Anonymous. We are Legion, web application, Westphalian system, WikiLeaks, Y Combinator, zero day
Each day, we plug more and more of our daily lives into the global information grid without pausing to ask what it all means. Mat Honan found out the hard way, as have thousands of others. But what should happen if and when the technological trappings of our modern society—the foundational tools upon which we are utterly dependent—all go away? What is humanity’s backup plan? In fact, none exists. The World Is Flat (and Wide Open) For centuries, the Westphalian system of sovereign nation-states has prevailed in our world. It meant that countries were to be sovereign in their territory, with no role for outside authorities to meddle in a nation’s domestic affairs. The Westphalian structure was preserved through a system of borders, armies, guards, gates, and guns. Controls could be implemented to limit both immigration and emigration of people from a national territory.
Chapter 1: Connected, Dependent, and Vulnerable 1 All or most of the information: Mat Honan, “How Apple and Amazon Security Flaws Led to My Epic Hacking,” Wired, July 6, 2012; Mat Honan, “Kill the Password: Why a String of Characters Can’t Protect Us Anymore,” Wired, Nov. 15, 2012. 2 Over the past hundred years: Peter Diamandis, “Abundance Is Our Future,” TED Talk, Feb. 2012. 3 And the mobile phone is singularly credited: Deloitte Consulting, Sub-Saharan Africa Mobile Observatory 2012, Feb. 4, 2014. 4 For centuries, the Westphalian system: Marc Goodman, “The Power of Moore’s Law in a World of Geotechnology,” National Interest, Jan./Feb. 2013. 5 Levin, a computer programmer: Amy Harmon, “Hacking Theft of $10 Million from Citibank Revealed,” Los Angeles Times, Aug. 19, 1995. 6 One of the very first computer: Jason Kersten, “Going Viral: How Two Pakistani Brothers Created the First PC Virus,” Mental Floss, Nov. 2013. 7 Eventually, Brain had traveled the globe: For a fascinating and entertaining perspective on Amjad and Basit Farooq, and the history of computer malware, see Mikko Hypponen, “Fighting Viruses and Defending the Net,” TED Talk, July 2011. 8 Researchers at Palo Alto Networks: Byron Acohido, “Malware Now Spreads Mostly Through Tainted Websites,” USA Today, May 4, 2013. 9 Many large companies: Brian Fung, “911 for the Texting Generation Is Here,” Washington Post, Aug. 8, 2014. 10 In 2010, the German research institute: Nicole Perlroth, “Outmaneuvered at Their Own Game, Antivirus Makers Struggle to Adapt,” New York Times, Dec. 31, 2012. 11 In the summer of 2013: Kaspersky Lab, Global Corporate IT Security Risks: 2013, May 2013. 12 A survey of its members: “Online Exposure,” Consumer Reports, June 2011. 13 According to a study by the Gartner group: “Gartner Says Worldwide Security Software Market Grew 7.9 Percent in 2012,” Gartner Newsroom, May 30, 2013; Steve Johnson, “Cybersecurity Business Booming in Silicon Valley,” San Jose Mercury News, Sept. 13, 2013. 14 The results: the initial threat-detection rate: Imperva, Hacker Intelligence Initiative, Monthly Trend Report #14, Dec. 2012. 15 Though millions around the world: Tom Simonite, “The Antivirus Era Is Over,” MIT Technology Review, June 11, 2012. 16 The landmark survey: Verizon, 2013 Data Breach Investigations Report. 17 A similar study by Trustwave Holdings: Trustwave, Trustwave 2013 Global Security Report. 18 When businesses do eventually notice: Verizon RISK Team, 2012 Data Breach Investigation Report, 3. 19 From the time an attacker: Ibid., 51. 20 In that case, hackers: Mark Jewell, “T.J.
The Social Life of Money by Nigel Dodd
accounting loophole / creative accounting, bank run, banking crisis, banks create money, Bernie Madoff, bitcoin, blockchain, borderless world, Bretton Woods, BRICs, business cycle, capital controls, cashless society, central bank independence, collapse of Lehman Brothers, collateralized debt obligation, commoditize, computer age, conceptual framework, credit crunch, cross-subsidies, David Graeber, debt deflation, dematerialisation, disintermediation, eurozone crisis, fiat currency, financial exclusion, financial innovation, Financial Instability Hypothesis, financial repression, floating exchange rates, Fractional reserve banking, German hyperinflation, Goldman Sachs: Vampire Squid, Hyman Minsky, illegal immigration, informal economy, interest rate swap, Isaac Newton, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, Joseph Schumpeter, Kickstarter, Kula ring, laissez-faire capitalism, land reform, late capitalism, liberal capitalism, liquidity trap, litecoin, London Interbank Offered Rate, M-Pesa, Marshall McLuhan, means of production, mental accounting, microcredit, mobile money, money market fund, money: store of value / unit of account / medium of exchange, mortgage debt, negative equity, new economy, Nixon shock, Occupy movement, offshore financial centre, paradox of thrift, payday loans, Peace of Westphalia, peer-to-peer, peer-to-peer lending, Ponzi scheme, post scarcity, postnationalism / post nation state, predatory finance, price mechanism, price stability, quantitative easing, quantitative trading / quantitative ﬁnance, remote working, rent-seeking, reserve currency, Richard Thaler, Robert Shiller, Robert Shiller, Satoshi Nakamoto, Scientific racism, seigniorage, Skype, Slavoj Žižek, South Sea Bubble, sovereign wealth fund, special drawing rights, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transaction costs, Veblen good, Wave and Pay, Westphalian system, WikiLeaks, Wolfgang Streeck, yield curve, zero-coupon bond
WESTFAILURE Scholars in the international relations field conventionally use the term “Westphalian” to describe an international order consisting of territorially bounded, independent sovereign states whose interests and goals are held to transcend those of individual citizens or rulers. The Peace of Westphalia is a term that refers to the series of treaties signed in May to October 1648 in Osnabrück and Münster, ending the Thirty Years’ War (1618–1648) in the Holy Roman Empire, and the Eighty Years’ War (1568–1648) between Spain and the Dutch Republic. As a model of global order, the Westphalian system is underpinned by recognition of the fundamental right of a state to political self-determination, the assumption of states’ legal equality, and the principle that no state should intervene in the internal affairs of another. Territorial money, or national currency, is the analogue of this model. In terms of politics and governance, money has a significance that can be understood in two key ways.
See also First World War; Second World War; Vietnam War; violence war against terror, 43 Warburton, Peter, 199 Warren, Josiah, 342 Warwick, University of, 73n30 waste, 12–13, 151; and the gift, 186; and money, 175, 184, 204; versus utility, 164 Wave and Pay, 377 Weber, Florence, 292 Weber, Max, 109, 247, 276n, 292, 302, 317; on capitalism and religion, 143, 155, 175; on charisma, 247; on Knapp, 103; on money and the modern state, 217; on prices, 109n25; The Protestant Ethic and the Spirit of Capitalism, 156, 175; on taxation, 217 Weimar inflation, 131n57, 142, 224, 387 welfare. See social welfare Wendt, Alexander, 220 Wergild, 24, 302 Western Union, 380n Westphalia. See Peace of Westphalia Westphalian system, 216–27, 238 Where’s George?, 226 Wherry, Frederick, 164n Whuffie, 214, 316, 381 WikiLeaks, 380n Wittgenstein, Ludwig, 390 workers, 59, 72, 73, 74, 75–76, 77, 81, 242, 244, 345, 352; and cooperatives, 84; and consumers, 81, 86, 356; in Proudhon, 353–54; in the public sector, 77, 88, 126. See also migrant workers; workers’ associations; workers’ movement workers’ associations, 323–24 workers’ movement, 81n World Bank, 241 world money, 70, 298 World Trade Center (WTC), 197–98 World Trade Organization (WTO), 99, 239, 241 Wray, Randall, 103, 300, 359–60, 374; on the Eurozone, 107n, 255; and Ingham, 110–11; on Knapp, 104, 359; and neochartalism, 106–8 Wriston, Walter, 392, 393 writing, 36, 37, 41n, 42, 297; versus speech, 180–81.
The New Rules of War: Victory in the Age of Durable Disorder by Sean McFate
active measures, anti-communist, barriers to entry, Berlin Wall, blood diamonds, cognitive dissonance, commoditize, computer vision, corporate governance, corporate raider, cuban missile crisis, Donald Trump, double helix, drone strike, European colonialism, failed state, hive mind, index fund, invisible hand, John Markoff, joint-stock company, moral hazard, mutually assured destruction, Nash equilibrium, offshore financial centre, pattern recognition, Peace of Westphalia, plutocrats, Plutocrats, private military company, profit motive, RAND corporation, ransomware, Ronald Reagan, Silicon Valley, South China Sea, Stuxnet, technoutopianism, Washington Consensus, Westphalian system, yellow journalism, Yom Kippur War, zero day, zero-sum game
For example, one of the sons of Muammar Gaddafi received his PhD at the London School of Economics with a dissertation extolling the virtues of democracy.16 Five years later, he joined in his father’s brutal response to the democratic uprising during the Arab Spring. Many of the West’s top schools shamefully admit the children of the global 1 percent in exchange for a bribe.17 Perhaps this corruption cannot be stopped, but it can be weaponized. Diplomacy also matters, but not in the way people think. Diplomatic statecraft evolved with the Westphalian system and is dying with it. Ministries of foreign affairs and the US State Department were designed to talk to other states, but now nonstate actors eclipse many countries in power. The institutions of a state must communicate with all actors of relevance, not just the ones with flags. This includes multinational corporations, terrorist groups, and criminal organizations who exert influence. Conventional diplomats will reject this, of course, but is engaging with such actors any different from dealing with distasteful regimes?
The Stack: On Software and Sovereignty by Benjamin H. Bratton
1960s counterculture, 3D printing, 4chan, Ada Lovelace, additive manufacturing, airport security, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic trading, Amazon Mechanical Turk, Amazon Web Services, augmented reality, autonomous vehicles, basic income, Benevolent Dictator For Life (BDFL), Berlin Wall, bioinformatics, bitcoin, blockchain, Buckminster Fuller, Burning Man, call centre, carbon footprint, carbon-based life, Cass Sunstein, Celebration, Florida, charter city, clean water, cloud computing, connected car, corporate governance, crowdsourcing, cryptocurrency, dark matter, David Graeber, deglobalization, dematerialisation, disintermediation, distributed generation, don't be evil, Douglas Engelbart, Douglas Engelbart, Edward Snowden, Elon Musk, en.wikipedia.org, Eratosthenes, Ethereum, ethereum blockchain, facts on the ground, Flash crash, Frank Gehry, Frederick Winslow Taylor, future of work, Georg Cantor, gig economy, global supply chain, Google Earth, Google Glasses, Guggenheim Bilbao, High speed trading, Hyperloop, illegal immigration, industrial robot, information retrieval, Intergovernmental Panel on Climate Change (IPCC), intermodal, Internet of things, invisible hand, Jacob Appelbaum, Jaron Lanier, Joan Didion, John Markoff, Joi Ito, Jony Ive, Julian Assange, Khan Academy, liberal capitalism, lifelogging, linked data, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, Masdar, McMansion, means of production, megacity, megastructure, Menlo Park, Minecraft, MITM: man-in-the-middle, Monroe Doctrine, Network effects, new economy, offshore financial centre, oil shale / tar sands, packet switching, PageRank, pattern recognition, peak oil, peer-to-peer, performance metric, personalized medicine, Peter Eisenman, Peter Thiel, phenotype, Philip Mirowski, Pierre-Simon Laplace, place-making, planetary scale, RAND corporation, recommendation engine, reserve currency, RFID, Robert Bork, Sand Hill Road, self-driving car, semantic web, sharing economy, Silicon Valley, Silicon Valley ideology, Slavoj Žižek, smart cities, smart grid, smart meter, social graph, software studies, South China Sea, sovereign wealth fund, special economic zone, spectrum auction, Startup school, statistical arbitrage, Steve Jobs, Steven Levy, Stewart Brand, Stuxnet, Superbowl ad, supply-chain management, supply-chain management software, TaskRabbit, the built environment, The Chicago School, the scientific method, Torches of Freedom, transaction costs, Turing complete, Turing machine, Turing test, undersea cable, universal basic income, urban planning, Vernor Vinge, Washington Consensus, web application, Westphalian system, WikiLeaks, working poor, Y Combinator
See Dave Evans, “The Internet of Things: How the Next Evolution of the Internet Is Changing Everything,” April 2011, https://www.cisco.com/web/about/ac79/docs/innov/IoT_IBSG_0411FINAL.pdf. To say nothing of the more or less charted waters of the Dark Net, accessible only through tools like the Tor browser. 19. But as Jameson notes, it is the irregularity of opposing forces that breaks down the order of the nomos: “With the religious wars, but perhaps also the English dominance of the sea—now leads to the Westphalian system of nation-states, in which, for the first time, the new nomos of state equality and friend-foe emerges. The friend-foe opposition is possible, indeed, only between equals: it includes Hegelian recognition, except that whereas Hegelian struggle aims to produce recognition, Schmitt's version is enabled only after mutual recognition is secured. The individual analogy is with the duel.” Fredric Jameson, “Notes on the Nomos,” South Atlantic Quarterly 104 (2005): 199–204, doi:10.1215/00382876-104-2-199. 20.
See also currency money-into-virtuality, 199 monkeys, 222 Monroe, James, 45 Monroe Doctrine, 26, 31–32 Monroe Doctrine of the Cloud, 34–35, 37 Montana East Line Telephone Association, 29 moon, owning, 456n7 Moore Ruble Yudell, 322 Moore's law, 63, 80, 92, 232, 304 More, Thomas, 249, 321 Mori, Bruna, 103 Morphosis, 320, 322–323 Mosaic (browser), 267 Mouffe, Chantal, 379n10 Mountbatten Plan, 85 Mumbai attacks (2008), 17, 242, 247–248, 322, 428n58, 431n70 Musk, Elon, 281 mutual prostheticization, 280 MVRDV exposition pavilion, Hannover 2000, 53 MyLifeBits (Bell) (Microsoft), 261–262, 264 namecoin, 171 namelessness, 447n45 National Aeronautics and Space Administration (NASA), 88, 300 National Center for Supercomputing Applications, 267 National Security Agency (NSA), 35, 120, 283, 287, 363, 413n75 nation-state Cloud as, 93 interfaces into, 155–156 as jurisdiction, 5, 309–310 Kojève on, 109 modern, 24 non-state actors functioning as, 10–11 socialist, platform in, 59 twentieth-century achievements of, 309, 443n23 Westphalian system of, 14, 397n19 Native Land-Stop Eject (Virilio and Depardon, curators), 265 Negarastani, Rezi, 390n19 Negroponte, Nicholas, 201 nemein, 379n12 neo-Austrian libertarians, 285 neo-feudalism, 17, 186, 306–307 neoliberalism, 20–21, 56, 439n65 Nest (smart thermostat), 134 nested parasitism, 280, 288–289 Netscape, 267 Netwar, 431n70 network city, 172, 421n20 network is the computer (Sun Microsystems), 396n8 networks communication, 132, 153–154, 193–195 defined, 396n8 interior/exterior in, 29 megastructure, 189 of package delivery, 131 peer-to-peer, 205, 215 social reality of, 341 society, 231 space, making and taking, 29 as state, 11, 123 territory produced through, 29 value, 159 vehicle-to-vehicle (V2V), 281–282, 438n60 visualization, 266 “New Aesthetic, The,” 225 New Babylon (Constant), 178–179 New Deal, 120 New Digital Age, The (Schmidt and Cohen), 134–136 New Songdo City, South Korea, 179 Niantic Labs (Google), 242 Nicaragua-Costa Rica border conflict, 9, 120, 144 Nicolelis, Michel, 222 nihilism of empty space, overcoming, 380n20 1984 advertisement, 128–129, 402n57 Noguchi, Isamu, 103 nomos breaking down order of, 397n19 defined, 373 derivation, 379n12 drawing and framing sovereign interiors, 246 of friend-foe, 397n19 Modern, 380n13 nomic line, 84 Schmittian, 24–25, 85, 113, 379n12 of The Stack, 24, 229, 235 of state equality, 397n19 nomos of the Cloud defined, 373–374 dividing sovereignty, 19–22 drawing landscape-scale calculable interiors, 211 drivers of, 143 Google Grossraum, 34–40 introduction, 19 land, sea, and air, 28–31 over and under the line, 23–28 platform governance and, 341 topography, 111 Nomos of the Earth in the International Law of Jus Publicum Europaeum, The (Schmitt), 25 noncitizen residents in cities, 159, 175, 310, 409n39 noncitizen User, 175 nonhuman-human distinction, 164–165, 268, 275 nonhuman-to-human communication, 137, 171–172, 198 nonhuman User.
How to Survive a Pandemic by Michael Greger, M.D., FACLM
coronavirus, COVID-19, Covid-19, double helix, friendly fire, global pandemic, global supply chain, global village, inventory management, Kickstarter, mass immigration, megacity, meta analysis, meta-analysis, New Journalism, out of africa, Peace of Westphalia, phenotype, profit motive, RAND corporation, randomized controlled trial, Ronald Reagan, Saturday Night Live, statistical model, stem cell, supply-chain management, the medium is the message, Westphalian system, Y2K, Yogi Berra
“Failure to comply could mean up to six months in jail.”2445 When authorities went to forcibly round up ducks and chickens in the region, they were reportedly met by hostile farmers armed with pitchforks and axes.2446 Part of the problem may be that existing international law on infectious disease control is archaic, formed many decades ago, long before mass global travel. The World Health Organization, for example, can only issue “soft law” recommendations, rather than binding obligations. This outmoded system of international relations in general dates back to the seventeenth-century Peace of Westphalia ending the Thirty Years War. The Westphalian system is built upon the principle of absolute national sovereignty.2447 “Many governments see it [disease prevention] as an internal business,” said the WHO’s director-general. “There is a basic gut feeling that this is my problem, I will deal with it in my way. Now, in a globalized world, any disease is one airplane away. It is not a provincial or national issue, it’s a global issue.”2448 The World Trade Organization has more powers than the World Health Organization.2449 Analogous to FEMA during the Hurricane Katrina crisis, the WHO also lacks the authority to investigate outbreaks without an invitation.2450 For SARS, though, the WHO did issue its first ever travel advisory in fifty-five years.2451 The ensuing political backlash over lost trade and tourism may explain some of the deference to member nations in somewhat downplaying the immediacy of the current pandemic threat.2452 In the understated fashion typical to international law journals, one review concluded, “The soft law process on infectious disease control has not been working well.”2453 “We have as much chance of stopping a pandemic as we would of putting a curtain around Minnesota and keeping out winter.”
Global Catastrophic Risks by Nick Bostrom, Milan M. Cirkovic
affirmative action, agricultural Revolution, Albert Einstein, American Society of Civil Engineers: Report Card, anthropic principle, artificial general intelligence, Asilomar, availability heuristic, Bill Joy: nanobots, Black Swan, carbon-based life, cognitive bias, complexity theory, computer age, coronavirus, corporate governance, cosmic microwave background, cosmological constant, cosmological principle, cuban missile crisis, dark matter, death of newspapers, demographic transition, Deng Xiaoping, distributed generation, Doomsday Clock, Drosophila, endogenous growth, Ernest Rutherford, failed state, feminist movement, framing effect, friendly AI, Georg Cantor, global pandemic, global village, Gödel, Escher, Bach, hindsight bias, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, Kevin Kelly, Kuiper Belt, Law of Accelerating Returns, life extension, means of production, meta analysis, meta-analysis, Mikhail Gorbachev, millennium bug, mutually assured destruction, nuclear winter, P = NP, peak oil, phenotype, planetary scale, Ponzi scheme, prediction markets, RAND corporation, Ray Kurzweil, reversible computing, Richard Feynman, Ronald Reagan, scientific worldview, Singularitarianism, social intelligence, South China Sea, strong AI, superintelligent machines, supervolcano, technological singularity, technoutopianism, The Coming Technological Singularity, Tunguska event, twin studies, uranium enrichment, Vernor Vinge, War on Poverty, Westphalian system, Y2K
The group might even achieve these results without a nuclear detonation, by providing proof that it had a nuclear weapon in its possession at a location unknown to its adversaries. The addition on the world stage of powerful non-state actors as the ostensible military equals of (at least some) states would herald the most significant change in international affairs since the advent of the Westphalian system. While one can only speculate about the nature of the resultant international system, one possibility is that 'superproliferation' would occur. In this case every state (and non-state) actor with the wherewithal pursues nuclear weapons, resulting in an extremely multipolar and unstable world order and greater possibility for violent conflict. On the other hand, a nuclear terrorist attack 49 This is presuming, of course, that they could not be easily retaliated against and could credibly demonstrate the possession of a robust nuclear arsenal. 432 Global catastrophic risks might finally create the international will to control or eliminate nuclear weaponry.