We were warned about Factionalization along time ago in the United States.
I’ll share the best two examples I know of below. (in case you want to refresh your memory)
American politics are simple. Life, Liberty, & The Pursuit of Happiness.
In order to go after it, Americans set up a government.
That government consists of the general administration, public goods & services, military goods & services, as well as social insurance. We also have an economy.
I expect that we would agree this arrangement is super simple and ought not to be the complicated sloppy mess it has become.
The reason why this super simple system of government has become such a complicated sloppy mess, is because the many factions that have existed throughout the United States have established a two-party system as a vehicle for governing.
The composition of the two-party system
Democrats –
Factionalized rent-seeking demand side business cycle economics & market failure economics combined with factionalized socio-ethical-humanitarians
Republicans-
Factionalized supply side business cycle economics & factionalized socio-ethical- humanitarians
The 2024 Election – How are things going?
Economy – Consumer goods & services / Capital goods & services
Government – General Administration, Public goods & services, Military goods & services, Social insurance.
Socio-ethical-humanitarian issues – pro-choice, climate change, gun control, anti-death penalty, anti-racism, civil rights, pro-life, fossil fuels, 2nd Amendment, pro-capital punishment, anti-DEI, law & order……etc, etc,etc.
My two cents
In terms of the economy, I reject American business cycle macroeconomics. Constitutionally authorized economic interventions (general administration, public goods & services, military goods & services) as well as economic interventions authorized by judicial precedence (Social insurance), serve the people better in production possibilities frontier economics. Business cycle economics is conveniently designed to become financialized by rent-seekers on both the demand side & supply side.
I also reject market failure economics. Public finance economics doesn’t ask whether the economic interventions they propose are constitutionally authorized. Instead, public finance economics proposes economic interventions rooted in socio-ethical-humanitarian principles.
In terms of Socio-ethical-humanitarian issues, I’m not really bothered by them. If there is an explicit right to something, it will be upheld, if there is an implicit right to something, that will likely also fly. In terms of something in the gray area, ask yourself if it is a trade-off of living in a free society, if so, an accommodation will likely be created for it.
In terms of Foreign policy / International relations –
The parties typically align on these issues when they share common business cycle economic interests.
The parties can be at odds when their business cycle economic interests are misaligned.
There is usually a Socio-ethical-humanitarian element involved that can complicate alignment or misalignment if it overrides economic interests.
Examples- Freedom, democracy, human rights, humanitarianism, peace keeping, ethic cleansing, genocide, anti-imperialism, anti-colonialism, globalization, climate accords, etc , etc ,
As for the final 2024 Election Data
Some States are still counting.
I like to explore data before I mouth off about it.
This is why I’m only throwing around two cents out about the election.
I want to look at the final numbers.
Talk with you soon
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