The late Lester Thurow was quite popular in the 1980s and 1990s for his incessant warnings that America was losing at the game of trade with other countries. Most ominous, Thurow (and others) warned, was our failure to compete effectively against the clever Japanese who, unlike us naive and complacent Americans, had the foresight to practice industrial policy, including the use of tariffs targeted skillfully and with precision. Trade, you see, said Thurow (and others) is indeed a contest in which the gains of the “winners” are the losses of the “losers”. Denials of this alleged reality come only from those who are bewitched by free-market ideology or blinded by economic orthodoxy.
And so – advised Thurow (and others) – we Americans really should step up our game by taking many production and consumption decisions out of the hands of short-sighted and selfish entrepreneurs, businesses, investors, and consumers and putting these decisions into the hands of the Potomac-residing wise and genius-filled faithful stewards of Americans’ interest.
Sound familiar? It should. While some of the details from decades ago of the news-making proponents of protectionism and industrial policy differ from the details harped on by today’s proponents of protectionism and industrial policy, the essence of the hostility to free trade and free markets of decades ago is, in most – maybe all – essential respects identical to the hostility that reigns today.
Markets in which prices, profits, and losses guide the decisions of producers and consumers were then – as they are today – asserted to be stupid, akin to a drunk donkey, while government officials (from the correct party, of course) alone have the knowledge, capacity, willpower, and power to allocate resources efficiently and in the national interest.
Nothing much changes but the names. Three or four decades ago protectionism and industrial policy in the name of the national interest was peddled by people with names such as Lester Thurow, Barry Bluestone, and Felix Rohatyn. Today protectionism and industrial policy in the name of the national interest is peddled by people with different names.
Don Boudreaux, “Quotation of the Day…”, Café Hayek, 2020-03-12.
March 18, 2025
QotD: Lester Thurow and the other cheerleaders for “Industrial Policy” in the 1980s
March 10, 2025
Chinese Civil War Part 1 – W2W 11 – Q1 1947
TimeGhost History
Published 9 Mar 2025After WWII, China is plunged into chaos as Chiang Kai-shek’s Nationalists and Mao Zedong’s Communists reignite a decades-old conflict. This episode traces the roots of the Chinese Civil War — from the guerrilla strategies honed in Yan’an to the shifting power dynamics after Japanese occupation. Discover how ideological fervor, battle-hardened tactics, and the struggle for legitimacy set China on a path that would redefine its future.
(more…)
March 9, 2025
Italy’s Italian Fiasco
World War Two
Published 8 Mar 2025Today Sebastian puts Indy and Sparty in the hot seat for questions about the war in China and North Africa. Just what is the deal with the Italian Army anyway? How much fighting did the CCP do against the Japanese? And what’s the most overlooked event of the first year of war?
(more…)
March 8, 2025
Murder in the Name of Democracy – War Against Humanity 002
The Korean War by Indy Neidell
Published 7 Mar 2025The battles on the Korean peninsula started long before 1950. Today Sparty looks back at the uprising and insurgency on Jeju Island in 1948, the threat of Communist revolt, and the harsh reaction of the Korean government. This really was the war before the war.
(more…)
March 6, 2025
The Iron Curtain Descends – W2W 10 – News of 1946
TimeGhost History
Published 5 Mar 20251946 sees the world teetering on the brink of a new global conflict. George Kennan’s long telegram outlines Moscow’s fanatical drive against the capitalist West, while our panel covers escalating espionage, strategic disputes over Turkey, and the emerging ideological battle between the U.S. and the USSR. Tune in as we break down the news shaping the dawn of the Cold War.
(more…)
February 23, 2025
How WW2 Changed Espionage Forever
World War Two
Published 22 Feb 2025In their struggle to defeat German and Japanese espionage efforts, the Allied intelligence agencies of the KGB, CIA, MI6 and DGSE are all transformed into modern, global, espionage forces. But even as East and West work together to defeat the Axis, they are fighting the first underground battles of a new Cold War against one another.
(more…)
February 20, 2025
Retaking Burma with the Fourteenth Army in 1945
Dr. Robert Lyman discusses the start of the campaign to reconquer Burma from the Japanese led by Lieutenant General Bill Slim and the Fourteenth Army:
Why Burma? Because in Burma in 1945 a series of marvellous military miracles (is there a synonym starting with “m” for concatenation?) engineered by General Bill Slim and his mighty 14th Army, broke the back of the Japanese Burma Area Army and smashed forever Tokyo’s dreams of an empire in South East Asia. 1945 is worth celebrating!
Even today, few people are aware of just how dramatic these events were, and just how spectacular was the victory wrought by the Indian, British, African, US and Chinese forces in the country.
Indeed, at the start of 1945 few people would have predicted the extraordinary outcome of the developing campaign. If Lieutenant General Sir Bill Slim (he had been knighted by General Archibald Wavell, the Viceroy, the previous October, at Imphal) had been asked in January 1945 to describe the situation in Burma at the onset of the next monsoon period in May, I do not believe that in his wildest imaginings he could have conceived that the whole of Burma was about to fall into his hands. After all, his army wasn’t yet fully across the Chindwin. Nearly 800 miles of tough country with few roads lay before him, not the least the entire Burma Area Army under a new commander, General Kimura. The Arakanese coastline needed to be captured too, to allow aircraft to use the vital airfields at Akyab as a stepping stone to Rangoon. Likewise, I’m not sure that he would have imagined that a primary reason for the success of his Army was the work of 12,000 native levies from the Karen Hills, under the leadership of SOE, whose guerrilla activities prevented the Japanese from reaching, reinforcing and defending the key town of Toungoo on the Sittang river. It was the loss of this town, more than any other, which handed Burma to Slim on a plate, and it was SOE and their native Karen guerrillas which made it all possible.
The potential of a Karenni-based resistance raised the possibility, long argued by old Burma hands, of a British armed and trained fifth column operating behind Japanese lines for the purpose of gathering battlefield intelligence and undertaking limited guerrilla action. Slim had long complained about the poor quality of the battlefield intelligence (as opposed to the signals intelligence, about which he was well provided) that he and his Corps commanders received. He was concerned, among other things, about knowing “what was on the other side of the hill”, the product of information provided – where it existed – by effective combat (ground and air) reconnaissance. There was no shortage of organisations attempting to assist in this task – at least twelve – but their coordination was poor and most reported to SEAC or parts of India Command, rather than to 14 Army. Slim dismissed most of these as “private armies” which offered no real help to the task of defeating the enemy on the battlefield. One of the groups, part of Force 136 (i.e. Special Operations Executive, or SOE), which had operated in front of 20 Indian Division along the Chindwin between 1943 and early 1944 under Major Edgar Peacock (and thus known as “P Force”) did sterling work with local Burmese and Karen agents reporting on Japanese activity facing 4 Corps. Persuaded that similar groups working among the Karens in Burma’s eastern hills – an area known as the Karenni States – could achieve significant support for a land offensive in Burma, Slim (to whom Mountbatten transferred responsibility for Force 136 in late 1944 for this purpose) authorised an operation to the Karens. Its task was not merely to undertake intelligence missions watching the road and railways between Mandalay and Rangoon, but to determine whether they would fight. If the Karens were prepared to do so, SOE would be responsible for training and organising them as armed groups able to deliver battlefield intelligence directly in support of the advancing 14 Army. The resulting operation – Character – was so spectacularly successful that it far outweighed what had been achieved by Operation Thursday the previous year in terms of its impact on the course of military operations in pursuit of the strategy to defeat the Japanese in the whole of Burma. It has been strangely forgotten, or ignored, by most historians ever since, drowned out perhaps by the noise made by the drama and heroism of Operation Thursday, the second Chindit expedition. Over the course of Operation Extended Capital some 2,000 British, Indian and Burmese officers and soldiers, along with 1,430 tons of supplies, were dropped into Burma for the purposes of providing intelligence about the Japanese that would be useful for the fighting formations of 14th Army, as well as undertaking limited guerrilla operations. As historian Richard Duckett has observed, this found SOE operating not merely as intelligence gatherers in the traditional sense, but as Special Forces with a defined military mission as part of conventional operations linked directly to a strategic outcome. For Operation Character specifically, about 110 British officers and NCOs and over 100 men of all Burmese ethnicities, dominated interestingly by Burmans (which now also included 3-man Jedburgh Teams) mobilised as many as 12,000 Karens over an area of 7,000 square miles to the anti-Japanese cause. Some 3,000 weapons were dropped into the Karenni States. Operating in five distinct groups (“Walrus”, “Ferret”, “Otter”, “Mongoose” and “Hyena”) the Karen irregulars trained and led by Force 136, waited the moment when 14 Army instructed them to attack.
February 17, 2025
France Starts the Vietnam War – W2W 005
TimeGhost History
Published 16 Feb 2025In 1946, tensions in Indochina explode into full-scale war. As France struggles to reclaim its empire, Ho Chi Minh’s Viet Minh fight for independence, setting the stage for a brutal conflict that will shape the next three decades. With international powers pulling the strings, Vietnam becomes the first battleground of the post-war era’s colonial struggles.
(more…)
Forgotten War Ep 9 – Kohima – Hell in the Hills
HardThrasher
Published 16 Feb 2025The Battle of Kohima.
Please consider donations of any size to the Burma Star Memorial Fund who aim to ensure remembrance of those who fought with, in and against 14th Army 1941–1945 — https://burmastarmemorial.org/
(more…)
February 13, 2025
From Ruins to Recovery: The Fight to Rebuild – W2W 004
TimeGhost History
Published 12 Feb 2025In 1946, the world is struggling to rebuild from the devastation of WWII. Cities lie in ruins, economies are shattered, and millions are displaced. As the old powers of Britain and France weaken, the rising superpowers — the U.S. and USSR — compete to shape the new world order. Will reconstruction lead to stability, or is the world heading for another conflict?
(more…)
February 6, 2025
Forgotten War Ep 8 – Imphal 44 Pt2 – Edge of Chaos
HardThrasher
Published 4 Feb 2025A video discussing the Battles of Imphal and Kohima at the start of 1944.
Please consider donations of any size to the Burma Star Memorial Fund who aim to ensure remembrance of those who fought with, in and against 14th Army 1941–1945 — https://burmastarmemorial.org/
(more…)
January 13, 2025
Forgotten War – Ep 7 – Imphal ’44 Pt1 – Planning Prevents
HardThrasher
Published 12 Jan 2025DO NOT PANIC IF YOU HAVEN’T WATCHED THE OTHER VIDEOS IN THIS SERIES YOU CAN START HERE
A video discussing the planning phase of the Battles of Imphal and Kohima at the start of 1944
Please consider donations of any size to the Burma Star Memorial Fund who aim to ensure remembrance of those who fought with, in and against 14th Army 1941–1945 — https://burmastarmemorial.org/
(more…)
January 2, 2025
Forgotten War – Ep 6 – The Battle of the Admin Box – Feb. 1944
HardThrasher
Published 1 Jan 2025A short video on the highlights of the Battle of the Admin Box, and its build up DO NOT PANIC IF YOU HAVEN’T WATCHED THE OTHER VIDEOS IN THIS SERIES
Please consider donations of any size to the Burma Star Memorial Fund who aim to ensure remembrance of those who fought with, in and against 14th Army 1941–1945 — https://burmastarmemorial.org/
(more…)
December 18, 2024
QotD: Western shaming – the grass is always greener overseas
In the late 1950s, many elites in the United States bought the Soviet Union line that the march of global communism would “bury” the West. Then, as Soviet power eroded in the 1980s, Japan Inc. and its ascendant model of state-sponsored industry became the preferred alternative to Western-style democratic capitalism.
Once Japan’s economy ossified, the new utopia of the 1990s was supposedly the emerging European Union. Americans were supposed to be awed that the euro gained ground on the dollar. Europe’s borderless democratic socialism and its “soft power” were declared preferable to the reactionary U.S.
By 2015, the EU was a mess, so China was preordained as the inevitable global superpower. American intellectuals pointed to its high-speed rail transportation, solar industries and gleaming airports, in contrast to the hollowed-out and grubby American heartland.
Now the curtain has been pulled back on the interior rot of the Chinese Communist Party, its gulag-like re-education camps, its systematic mercantile cheating, its Orwellian surveillance apparatus, its serial public health crises and its primitive hinterland infrastructure.
After the calcification of the Soviet Union, Japan Inc., the EU and the Chinese superpower, no one quite knows which alternative will next supposedly bury America.
Victor Davis Hanson, “The Cult of Western Shaming”, Townhall.com, 2020-01-29.
December 7, 2024
Aftermath: December 8
The History Guy: History Deserves to Be Remembered
Published 8 Dec 2021December 7, 1941 is remembered as the date that will live in infamy, but that term was spoken by President Franklin Roosevelt on December 8th. Nowhere was the weight of history more obvious than in the territory of Hawaii.
(more…)