The philosophical thumbsucker of the Germans

“Goethe, the classifier of stones, the stargazer, the philosophical thumbsucker of the Germans, who ladled their spiritual jam into household canning jars, to be consumed at any time and for any purpose. Goethe, who assembled commonplaces for the Germans, to be published by the house of Cotta and rubbed into their ears by schoolmasters until they were completely blocked. Goethe, who betrayed the German mind more or less for centuries, paring it down to the German average with what I had described to Gambetti, at our last meeting, as Goethean assiduity. Goethe is the philosophical pied piper, the German for all seasons, I told him. The Germans take their Goethe like medicine, believing in its efficacy, its health- giving properties. Goethe is nothing other than Germany’s foremost intellectual quack, I told Gambetti, her first intellectual homeopath. The Germans swallow their Goethe, as it were, and are healthy. The whole German nation ingests its Goethe and feels better. But Goethe is a charlatan, I told Gambetti; Goethe’s writings and philosophy are the acme of German charlatanry.”

Exctinction – Thomas Bernhard

Reading Lounge

1. Peter Aufschnaiter, the Other Austrian in ‘Seven Years in Tibet’

2. BAUDRILLARD’S PHOTOGRAPHIC THEORY

3. Death by Ice Cream

4. Is It Classist To Be Against Fast Fashion?

5. Chairman of the Board gave advice on women

6. The Story Of Lume (watches)

7. Scapegoating and Discrimination in Times of Crisis: Evidence from Airbnb

8. Why You Shouldn’t Date an Everest Climber

9. The Philosophical And Moral Incoherence of “How Dare You Walk Out Of My Speech”

A US Marine at the Marine Corps Association (MCA) about the Russian tactics in Ukraine

James pretty pissed in his tweet. The following from someone from the US Marines at the Marine Corps Association (MCA) about the Russian tactics. This is good reading.

Here more at Naked Capitalism. Fascinating read. This is from someone deep in the know and not those ink shitters.

“The bully of Europe is now approaching mendicant status”

Who could that be, that bully? The bully that “lorded its austerity credentials over during the GFC, which caused massive socio-economic damage (entrenched unemployment and poverty, etc) have maintained growth as a result of the revival of tourism over the Northern Summer”.

Germany is in deep trouble and requires a major shift in policy strategy, writes Bill Mitchell.

Its business model of export dominance at the cost of local investment and low labor costs is falling apart.

“Germany is now enduring the combination of stagnating growth and productivity and a major reduction in real per capita incomes as a result of the increasing prices of gas, food and petrol.

Its powerhouse manufacturing sector is in decline as a consequence of short-term factors relating to Covid and the War in Ukraine (supply disruptions) and longer-terms issues relating to poor investment choices (especially its failure to lead the shift away from diesel into EVs).”

To be sure, German car companies bet heavily on E-cars but they face severe competition from China. From China do most of the batteries come, so Germany might want to go very easy on China.

Yet it is the idiotic EU sanctions against Russia that blow full force in the face of Germany. That policy is led by the GREENS which, inexplicable if you are not German, enjoy the highest rating. No comment here.

Not only is Germany dependent on Russian energy – economy minister Habeck’s curtsy was appreciated but no LNG coming from Qatar so far – it is dependent on commodities. Commodities which Russia has in oodles.

Add to this the trouble brewing in Italy. Some new political parties there and Draghi on the sidelines.

Then there is the ECB. A rate hike during times of inflation, in the EU? You can’t be serious. Bill Mitchell:

“As long as the ECB continues to buy the public debt of the Member States (and it knows it cannot stop or else the system fails) the various governments will be able to continue to run deficits.

With Germany in decline, at least for the immediate period ahead, the pressure to return to the Excessive Deficit Mechanisms and start reimposing the SGP austerity is reduced.”

His Conclusion

“The inflationary pressures will ease.

But the dysfunctional architecture of the Eurozone will continue to plague the prosperity of the Member States.

Now with Germany in deep trouble and requiring a major shift in strategy, the future of the region in uncertain.

But a return to the export-led, domestic demand suppression model is not sustainable and the Germans should come to terms with that and make the appropriate strategic shift.

Their Eurozone partners will certainly benefit if they do.”

More at Bilbo.

Eye lashes

That gorgeous woman.
He swaggered over to her,
ever so chivalrous
and let it casually slip,
that her eye lashes
reminded him of his Lamborghini Miura.
She flew into his arms.