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On xenophobia and other links

News | Edward Harrison | July 28, 2010 12:30 pm |

Is this xenophobia?

  • Video – Jan Brewer: Most illegal immigrants are ‘drug mules’ – CNN.com
  • Bias and Bigotry in Academia « Patrick J. Buchanan
  • Losing White America « Patrick J. Buchanan
  • Bob Herbert – Long-Term Economic Pain for American Families – NYTimes.com

Xenophobia can manifest itself in many ways involving the relations and perceptions of an ingroup towards an outgroup, including a fear of losing identity, suspicion of its activities, aggression, and desire to eliminate its presence to secure a presumed purity.

-Wikipedia

I would argue that latent xenophobia always comes to the surface during periods of economic insecurity. This is natural. So I certainly see the links below as manifestations of xenophobia. The question is whether the policy remedies used to allay the economic insecurities are appropriate. For example, Pat Buchanan makes a number of valid arguments in the article on academia. What should be done, then?

My take: there is always going to be some measure of ‘xenophobia overreach’ in tough times. How much is the question. Discussing these divisive issues without a reptilian response is difficult but necessary to avoid particularly nasty cases of xenophobia overreach. I disagree with the ethos underlying Buchanan’s take on losing white America. But perception is reality and he does seem to be expressing views many voters have. What about addressing these concerns constructively instead of dismissing them out of hand?

The Usual Fare

  • Analysis of the Love Parade Tragedy: The Facts Behind the Duisburg Disaster – SPIEGEL ONLINE
  • Subbarao’s Accelerated Rate Increases Leave India Inflation Eroding Income – Bloomberg
  • Baseler Ausschuss: Deutschland stimmt neuer Bankenregulierung nicht zu – FAZ.NET
  • Researchers link undersea oil plumes to BP spill – latimes.com
  • FT.com – Watchdog questions Belgium’s finances
  • Is Google Watching You? New Plugin Will Let You Know – Mashable
  • Anchoring Effect « You Are Not So Smart
  • The Real Sin of Michael Steele « Patrick J. Buchanan
  • Richard (RJ) Eskow: Elizabeth Warren and Her Discontents – Huffington Post
  • "Government as Deux Ex Machina"? – Economist’s View
  • How Preschool Changes the Brain | Wired Science | Wired.com
  • Guest Blog: Of two minds: Listener brain patterns mirror those of the speaker
  • Argentiniens Nationalelf: Daumen runter für Maradona | FTD.de
  • Chinese Banks At Risk, Part 1 « Patrick Chovanec
  • FT Alphaville » For Edwards, the Japanese lesson still holds…
  • Bell council cuts salaries 90%; some will forgo pay – latimes.com
  • Matthew Yglesias » Niall Ferguson Debates Himself
  • Fiscal policy: When does fiscal stimulus work? | The Economist
  • Too Cash-Strapped for a Boom: How Italy’s Permanent Crisis Saved It From the Downturn – SPIEGEL ONLINE
  • Thoughts on Academic Tenure, Arnold Kling | EconLog | Library of Economics and Liberty
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« Latvia: The Demographic Price Of Procrastination «
» Karl Case on US Housing Market »
  • Daniel
    Demand for labour continues to improve

    Die Arbeitskräftenachfrage hat sich vom krisenbedingten Einbruch erholt.
    Gegenüber Oktober 2008 - der Monat bevor die Auswirkungen der Wirtschaftskrise am Arbeitsmarkt
    sichtbar wurden - liegt der BA-X erstmals einen Punkt im Plus.

    http://www.pub.arbeitsagentur.de/hst/services/statistik/000100/html/sonder/bax/ba-x-juli2010.pdf

    interesting fact of the day

    Das Erfolgsprinzip ließ die Aldi-Brüder zu den reichsten Männern Deutschlands aufsteigen. Trotz Wirtschaftskrise behaupteten sich Karl und Theo Albrecht nach Schätzungen des "Manager Magazins" auch 2009 auf Platz eins und zwei der reichsten Deutschen. Sie verfügten über ein geschätztes Vermögen von 17,35 beziehungsweise 16,75 Mrd. Euro. Während die beiden reichsten Deutschen ihr Vermögen durch den Verkauf von Discountware schufen, ist der Blick nach Frankreich interessant. Der reichste Franzose, Bernard Arnault, machte sein Vermögen mit Luxusgütern - und ist heute Inhaber des Luxusgüterkonglomerats LVMH.

    http://www.ftd.de/unternehmen/industrie/:die-aldi-idee-der-meister-des-harddiscounts/50150005.html?page=2
  • tjfxh
    The future demographics are clear. White America is soon to be a phenomenon of the past. Good riddance.

    There will be piles of ink wasted on discussing this "momentous" non-issue. It is largely a non-issue because the generations coming along don't even notice it, for the most part anyway, rural communities notwithstanding perhaps.

    It's chiefly a geezer pseudo-problem, and we will be gone soon enough. (Pat Buchanan was a classmate of mine.) Thank heaven our children and grandchildren have more sense around this than we do.
  • Namazu
    The younger generations may be less conscious of race, but they'll be confronting institutions created under a different mind set. Race-based affirmative action in college admissions is highly problematic and highly entrenched. Imagine trying to "fix" it in good times, let alone against a backdrop of negative social mood. I share your optimism, but in the long run.
  • tjfxh
    But look at if from the other side. A lot of the problems today are the result of a traditional discrimination. Women have not completely caught up yet. Thank heaven we are finally beginning to address these issues after the Civil War, women's suffrage movement, Brown v. Board of Education, the Civil Rights Act, the feminist movement, etc. It's been a long, slow slog for women and minorities. And yet, we still have festering problems. Hopefully, this will be past us before long, and people of the future will look back and wonder what it was all about.
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    Edward Harrison is the founder of Credit Writedowns and a former strategy and finance executive with twenty years of business experience. He started his career as a diplomat and speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. He is a regular contributor at Seeking Alpha, Naked Capitalism, and Roubini Global Economics. Edward has often spoken on television and radio in the US, the UK, Canada and Russia. Contact him at edh at creditwritedowns dot com to schedule a media appearance or for a question about this site. Follow edwardnh on Twitter

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