📖 Read loc 1440-2080 of 12932 (16.08%) of American Amnesia by Jacob S. Hacker and Paul Pierson
Examples and discussion of how markets can manage to fail and why we need good government to fill in the (gaping) holes.
There’s also some good discussion of rent seeking behavior here too. The more I read, the more I think this should be required reading for everyone. I could see a need for taking just the first three chapters and expanding them out into their own book.
During the G20 conference, Elizabeth worries about Henry who was sent to Israel to intercept the VFF's bio-weapon. Blake reveals a secret to former colleagues. Elizabeth goes behind Stevie's back to get her off the Harvard Law waiting list.
Blake’s reveal that he’s bisexual was a nice bit of cultural touchstone to put into the episode.
The wrap up of the ongoing secondary story arc with the religious nuts and the biological weapon was done too quickly and too neatly given how much of the season had been dedicated to it thus far.
Hard to believe the next episode is the season ender already.
The Secretary and her team must help save an American journalist held hostage in Sudan.
The opening seemed like it was going to be an out of the ordinary episode that followed a day in the life of one of the secondary characters (Blake), but left off after the first few minutes. I almost wished it had followed on the way it started to provide some variety in this type of show. I remember there were West Wing episodes that did this, but I suppose that was a much more balanced ensemble while this series is a bit more lopsided in its character involvement.
The reveal of Daisy’s pregnancy and peoples’ reactions was relatively interesting.
There was a short, but nice turn in this by Skipp Sudduth who I haven’t been seeing as much as I feel I ought to lately.
Circumstances for our poor hero Charlie become far more desperate before they begin to turn for the better.
Except that we’ve just read how horrifically poor and physically starving the family was, I’m surprised that he took two candy bars. Though I suspect his family would easily have given him the who dollar’s worth of food.
📖 Read loc 962-1440 of 12932 (11.13%) of American Amnesia by Jacob S. Hacker and Paul Pierson
This continues to be intriguing with lots of examples (and footnotes, which I’ve been skipping over presently, but will circle back upon later). It continues to make a strong argument for a mixed economy and even bolsters with evidence that the richest countries are usually the ones with the most government–something which flies in the face of traditional Republican values. There’s also some good discussion of what markets are and aren’t capable of, a point which is often missed in the bigger public, potentially because of the decades of chanting that capitalism is best while we fought a cold war with Russia.
More people should really be concerned with externalities in the markets.
In general this seems to be a sweeping meta-analysis of lots of other sources and material, most of which is footnoted. I do sometimes wish they went into greater detail on many of their points, but I suspect that no one else would be reading the book because of its length. Their arguments are fairly quick and to the point however.