Category: Economics

Tetman Callis 0 Comments 7:06 am

“In the postwar period the United States was to be forced to resort to new devices to maintain a going British economy and to bolster British military strength, starting with a loan in 1946 and progressing through the Marshall Plan and the Mutual Security Program. A forthright approach to the problem in 1945 might have saved much lost time and have been more economical in the end. Certainly the restrictive attitude of the JCS [Joint Chiefs of Staff] played some part in preventing such a forthright approach to a situation in which Presidential direction was uncertain and a practical policy vacuum existed. It seems evident that both Roosevelt and Truman, the latter perhaps belatedly after Potsdam, saw the need for helping the British in their postwar economic adjustment, but Roosevelt’s hand was faltering in the last six months of his life and he did not take the necessary steps either to lay down a clear policy for the executive branch to follow or to secure the legislative authority that would have made the course of his successor easier. Without legislative authority, Truman felt his hands were tied, and lend-lease was allowed to lapse without any real consideration of how it might be used as an effective instrument of U.S. policy in promoting postwar adjustments—just as it had been used during hostilities as an extremely effective means for fighting a coalition war.” – Robert W. Coakley and Richard M. Leighton, “The End of the Common Pool,” Global Logistics and Strategy: 1943-1945

Tetman Callis 0 Comments 6:38 am

“The British did not have quite the same respect for the ‘scientific’ calculation of requirements that the Americans at least professed to have, and regarded the end result as merely an educated guess. It is at least possible that American insistence that the British determine their requirements far in advance was also conditioned less by their confidence in anybody’s ability to do so than by their desire to keep production plans stable and not allow them to be continually disrupted by British demands for bits and pieces.” – Robert W. Coakley and Richard M. Leighton, “Lend-Lease and the Common Pool,” Global Logistics and Strategy: 1943-1945

Tetman Callis 0 Comments 6:56 am

“On many Pacific islands supplies were to deteriorate in open storage until 1950 when the United States was to find a new and unexpected use for them in the Korean War. A naval historian, commenting on the roll-up of naval supplies in the South Pacific, has summed up the effort of the Army just as fittingly: ‘The logic of rolling forward rear bases was impeccable. In the case of personnel its urgency could not be denied. But to set up a cross current against the normal flow of supply and support proved to be extremely difficult, if not impracticable. Much of the usable material was in fact moved forward. The rest remained in the South Pacific to be locally disposed of or to stand as a monument to the unsparing waste of war and the greater importance of time over cost.’ The ‘greater importance of time over cost’ might indeed be designated as the most important factor in logistics in World War II.” – Robert W. Coakley and Richard M. Leighton, “Logistics of a One-Front War,” Global Logistics and Strategy: 1943-1945

Tetman Callis 0 Comments 7:08 am

“Whenever commerce is introduced into any country probity and punctuality always accompany it.” – Adam Smith, Lectures on Justice, Police, Revenue and Arms

Tetman Callis 0 Comments 6:40 am

“Sadopopulism: a politics that works not because all benefit but because some learn to take pleasure in the greater suffering of others. Deportations have to be understood in this light: they are a spectacle of the suffering of others. So does mass incarceration. A test for this, as we have been recently reminded, is health. Persuading people that it is normal to pay for shorter lives is the litmus test of sadopopulism. In America, we do in fact pay exorbitant amounts of money to harmful middlemen who kill us by denying us care that we could afford if their scam did not exist. (It is a sign of our cultural problem that we say ‘insurance’ or ‘health care’ when we mean ‘death grift.’) – Timothy Snyder, “Class War or Culture War?”, Thinking about…, December 19, 2024

Tetman Callis 0 Comments 7:10 am

“Multiple handling and transshipment at several points took their toll in breakage, deterioration, and pilferage. Storage north of Australia or New Caledonia was usually inadequate, and deterioration in open storage in a tropical climate appallingly swift. Rations spoiled, canvas rotted, ammunition became unusable, and machinery rusted. ‘There has been considerable wastage in all types of supplies . . . ,’ wrote Somervell from the South Pacific in September 1943. ‘This loss has been particularly high in ammunition and rations. No one really knows how much food has been spoiled. It is certain, however, that as much as 50 percent of some types of ammunition has gone to waste and hundreds of thousands if not millions of rations have been lost.’ In June 1943 an observer thought at least 40 percent of the rations in SWPA [Southwest Pacific Area] spoiled or unconsumable.” – Robert W. Coakley and Richard M. Leighton, “The War Against Japan, 1943-44,” Global Logistics and Strategy: 1943-1945

Tetman Callis 0 Comments 6:40 am

“Higher education [in the Byzantine Empire] was dispensed by the rhetor or sophist and was available in the larger cities only. The rhetor/sophist, if he held an established chair, was appointed by the local council and received a salary as well as benefitting from certain exemptions. In practice he also received payments or gifts from his pupils. If, on the other hand, he was a free-lance (and many of them were), he depended entirely on fees. There was thus an in-built competition between teachers which occasionally erupted into fights and the kidnapping of students. Boys normally took up higher education at the age of fifteen and pursued it as long as long as their circumstances or their desires dictated: a complete course took about five years, but many left after two or three. Naturally, most of the students came from well-to-do families.” – Cyril Mango, Byzantium: The Empire of New Rome

Tetman Callis 0 Comments 6:45 am

“If there was one institution that left an indelible mark on the Late Roman and Byzantine way of life, that was surely taxation. The imposition of regular and extraordinary levies—in kind upon the farmer and in money upon the merchant and artisan—was meant to be equitable; in fact, it hit the agricultural population harder than the urban, the poor much more than the rich.” – Cyril Mango, Byzantium: The Empire of New Rome

Tetman Callis 0 Comments 6:43 am

“If the slave was generally absent from the rural landscape, the tenant farmer (colonus) was an important feature of it. A man of degraded and anomalous status, the colonus was theoretically free, but in practice tied to his plot. He was, as a law of [AD] 393 puts it, ‘a slave of the land’. His condition was hereditary, his freedom to marry restricted, and he could not even join the army. The master of his land collected his taxes and was empowered to put him in chains if he tried to run away. It was openly admitted by the government that there was little difference between the status of a slave and that of a colonus. The authorities, of course, were not animated by pure sadism in curbing the liberties of the tenant farmer; their primary concern was the collection of tax.” – Cyril Mango, Byzantium: The Empire of New Rome

Tetman Callis 0 Comments 6:42 am

“The archaeological exploration of the Limestone Massif in northern Syria, a region that attained great prosperity thanks to the cultivation of the olive tree, has shown not only the co-existence of large and small holdings, but also a general trend, in the period extending from the fourth to the sixth century [AD], towards the break-up of the bigger estates and the growth of villages composed of relatively well-to-do, independent farmers. While the conditions in the Limestone Massif were probably untypical of the rest of Syria, not to speak of other parts of the Empire, they serve to emphasize the danger of drawing general conclusions from literary and legislative texts.” – Cyril Mango, Byzantium: The Empire of New Rome

Tetman Callis 0 Comments 6:38 am

“Well, whiles I am a beggar, I will rail, and say, there is no sin but to be rich; and being rich, my virtue then shall be, to say, there is no vice but beggary.” – William Shakespeare, The Life and Death of King John 2.1

Tetman Callis 0 Comments 6:49 am

“Our purses shall be proud, our garments poor; for ‘tis the mind that makes the body rich; and as the sun breaks through the darkest clouds, so honour peereth in the meanest habit.” – William Shakespeare, The Taming of the Shrew, 4.3

Tetman Callis 0 Comments 6:53 am

“It cannot be stressed enough that without Ukraine, Russia ceases to be an empire, but with Ukraine suborned and then subordinated, Russia automatically becomes an empire.” – Zbigniew Brzezenski (quoted by Tim Judah in “Ukraine on the Brink”)

Tetman Callis 0 Comments 6:47 am

“We used to make shit in this country. Built shit. Now we just put our hand in the next guy’s pocket.” – David Simon and George Pelecanos, “Bad Dreams,” The Wire

Tetman Callis 0 Comments 7:01 am

“The one irredeemable error of a supply program is not too much, but too little.” – “Report of War Department Procurement Review Board” (quoted in Robert W. Coakley and Richard M. Leighton, Global Logistics and Strategy: 1943-1945)

Tetman Callis 0 Comments 7:16 am

“A man is master of his liberty; time is their master; and, when they see time, they’ll go or come.” – William Shakespeare, The Comedy of Errors

Tetman Callis 0 Comments 9:23 am

“Every defect in a man, and in others’ way of taking him, our agreement that gold has value gives us power to rise above.” – Regina Corrado, “Unauthorized Cinnamon”, Deadwood

Tetman Callis 0 Comments 10:00 am

“No man is called happy till his death, and all the taxes at his wake and funeral paid.” – Ovid, The Metamorphoses, Book III, “Cadmus” (trans. Horace Gregory)

Tetman Callis 0 Comments 7:27 am

“True power does not need arrogance, a long beard and a barking voice. True power strangles you with silk ribbons, charm, and intelligence.” – Oriana Fallaci (as quoted by Slavoj Žižek in First As Tragedy, Then As Farce)

Tetman Callis 0 Comments 7:09 am

“There is no such thing as a neutral market: in every particular situation, market configurations are always regulated by political decisions. The true dilemma is thus not ‘Should the state intervene?’ but ‘What kind of state intervention is necessary?’” – Slavoj Žižek, First As Tragedy, Then As Farce

Tetman Callis 0 Comments 8:31 am

“Russia is basically a millennium-long project of colonizing the vast expanses of Great Russian plains, Siberia and Far East. Our economic foundation has always been extracting natural resources from these lands and selling them to our neighbors.” – Dima Vorobiev (propaganda executive for the Soviet Union, 1980–1991), “Why was the Soviet Union behind in computer science compared to USA?”