Tag Archives: Economic Development

Why Money Didn’t Make Ethiopia Peaceful | Ethiopia 4 | Ireland 2

Comparative history is not an exact science. It can be a fraught business. I’m sure there are a number of ways in which today’s video could be portrayed as condescending or even a bit racist. “What do you mean Ethiopia is 100 years behind Europe!!!”. But comparative history is too useful a tool, to not use. Unfortunately, it’s often used poorly. With this video, and a follow up I’m still drafting, I hope to debunk some of the dumber comparisons that are made. I also want to show that while Ethiopia’s civil war is horrible, it’s not really much of a detour from normal development.

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Morocco Vs. Algeria | The Dumbest Fight | Western Sahara | Algeria 3

I have meant to do a series on frozen conflicts for a while, and I’m glad that my North Africa focus has finally led me to do a video on one of the oldest and dumbest. The frozen conflicts in the former Soviet Union are probably the most famous, including Nagorno-Karabakh in Azerbaijan, Transdneistria, Ossetia and South Abhkazia in Georgia, and now Donetsk and Luhansk in Ukraine. These conflicts are famously a way for the dastardly Putin to keep his border unstable, and maintain a Russian sphere of influence. The conflicts that the US maintains aren’t generally referred to this way, but they serve the same purpose. Korea, Afghanistan, Iraq and now Syria are also frozen or lukewarm conflicts that the United States maintains for its own (wrongly) perceived strategic interest.

Most of these conflicts are unlikely to be solved, because a regional or world power has an interest in them. That’s not the case for Western Sahara. France definitely has an interest in the continued fight between Morocco and Algeria, but nobody else does really. The fact that this conflict has derailed Moroccan-Algerian relations for almost 50 years is just dumb, as I explain in today’s video.

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All Of Modern History Explained in 6 Minutes | Avoiding The British Empire 2

The story I’m telling in today’s video is a bit reductive. It must seem crazy, or even a little racist to try to boil all of history down to the actions and power of two Atlantic empires, the British and the American. I am aware that this vision of history is easy to argue against. But as weird as it is, I think it’s definitely saner than the standard view. The 19th and the second half of the 20th centuries are often described as if they were stable systems, governed by agreement, or at least peaceful competition between great powers. The longer I look at these issues, the more convinced I become that that’s not really what’s going on. The stability in both systems was underpinned by hegemonic power. British in the 19th, American in the 20th. The implications of this are rather grim. Looking at history this way doesn’t flatter the British or the Americans, it heaps guilt on them. That’s why British and US propagandists are so obsessed with the idea of competition.

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North Africa Is More Important Than You Think | Everybody’s Lying About Islam 39

With today’s video I tie together the past month or so of production, and explain why it is that I’m so interested in North Africa. Arab democracy, human rights, human progress, all of that is lovely. But today I focus on a much more simple, dollars and cents issue: Every month the Atlantic economy is mired in war and destruction in North Africa, is a month where the Pacific Economy surpasses it. The disaster in Libya is contributing to economic stagnation in Europe and the Eastern United States. There are very self interested reasons to promote peace.

I really enjoy the way that this one connects the North Africa region together, and then connects it to the implications for the world as a whole. I don’t think enough media does that. Let me know what you think!

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We Beat OPEC!!! | NFTGA Chapter 15

Back when I started doing this channel full time, I put out a series called “Notes From The Golden Age“. Today’s video, on the defeat of OPEC, is a long delayed addition to the series. In the six minutes of the video itself, I just laid out the facts as I understand them: The fact that OPEC did its level best to raise the price of oil, and they failed. If you want to hear more about why that is, and hear some discussion of the revolution in petroleum affairs we’ve experienced over the past five years, you could do worse than this video here.

Put briefly, oil doesn’t cost what it used to. The origin of this development is probably OPEC itself. That cartel drastically reduced the oil on the market on a couple occasions in the 1970s, driving the price through the roof. Much has, quite rightly, been made of the Shale revolution in the United States. A range of technological advances has made oil extraction easier, cheaper, and viable in places that it wasn’t before. This revolution has made US production competitive with Saudi Arabia again, and caused the plummet in prices that started in mid 2014. But the Shale revolution is only the most dramatic cause.

The plummet in oil prices is the result of a range of reactions to OPEC’s obscene market power. An under-heralded one is energy efficiency. We have finally reached a point where economic growth is decoupling from growth in petrochemical use. Some of this is renewables, but more of it is the very, very unsexy business of making cars and air conditioning units run more efficiently. Another reaction to OPEC was the broadening of the search for petroleum. Coupled with Technological advances, a staggering range of countries now produce significant amounts of oil and gas. OPEC has been beaten. They largely did it to themselves.

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