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“[A] central theme is why social, political, and economic institutions tend to coevolve in a manner that reinforces rather than undermines one another. The welfare state is not 'politics against markets,' as commonly assumed, but politics with markets. Although it is popular to think that markets, especially global ones, interfere with the welfare state, and vice versa, this notion is simply inconsistent with the postwar record of actual welfare state development. The United States, which has a comparatively small welfare state and flexible labor markets, has performed well in terms of jobs and growth during the past two decades; however, before then the countries with the largest welfare states and the most heavily regulated labor markets exceeded those in the United States on almost any gauge of economic competitiveness and performance.
Despite the change in economic fortunes, the relationship between social protection and product market strategies continues to hold. Northern Europe and Japan still dominate high-quality markets for machine tools and consumer durables, whereas the United States dominates software, biotech, and other high-tech industries. There is every reason that firms and governments will try to preserve the institutions that give rise to these comparative advantages, and here the social protection system (broadly construed to include job security and protection through the industrial relations system) plays a key role. The reason is that social insurance shapes the incentives workers and firms have for investing in particular types of skills, and skills are critical for competitive advantage in human-capital-intensive economies. Firms do not develop competitive advantages in spite of systems of social protection, but because of it.
Continuing this line of argument, the changing economic fortunes of different welfare production regimes probably has very little to do with growing competitive pressure from the international economy. To the contrary, it will be argued in Chapter 6 that the main problem for Europe is the growing reliance on services that have traditionally been closed to trade. In particular, labor-intensive, low-productivity jobs do not thrive in the context of high social protection and intensive labor-market regulation, and without international trade, countries cannot specialize in high value-added services. Lack of international trade and competition, therefore, not the growth of these, is the cause of current employment problems in high-protection countries.”
― Capitalism, Democracy, and Welfare
Despite the change in economic fortunes, the relationship between social protection and product market strategies continues to hold. Northern Europe and Japan still dominate high-quality markets for machine tools and consumer durables, whereas the United States dominates software, biotech, and other high-tech industries. There is every reason that firms and governments will try to preserve the institutions that give rise to these comparative advantages, and here the social protection system (broadly construed to include job security and protection through the industrial relations system) plays a key role. The reason is that social insurance shapes the incentives workers and firms have for investing in particular types of skills, and skills are critical for competitive advantage in human-capital-intensive economies. Firms do not develop competitive advantages in spite of systems of social protection, but because of it.
Continuing this line of argument, the changing economic fortunes of different welfare production regimes probably has very little to do with growing competitive pressure from the international economy. To the contrary, it will be argued in Chapter 6 that the main problem for Europe is the growing reliance on services that have traditionally been closed to trade. In particular, labor-intensive, low-productivity jobs do not thrive in the context of high social protection and intensive labor-market regulation, and without international trade, countries cannot specialize in high value-added services. Lack of international trade and competition, therefore, not the growth of these, is the cause of current employment problems in high-protection countries.”
― Capitalism, Democracy, and Welfare
“A pale, bored woman in white ankle-socks and a white tasselled beret was sitting on a bentwood chair at the corner entrance to the verandah of the writer's club, where there was an opening in the creeper-grown trellis. In front of her on a plain kitchen table lay a large book like a ledger, in which for no known reason the woman wrote the names of the people entering the restaurant. She stopped Koroviev and Behemoth.
'Your membership cards?' she said, staring in surprise at Koroviev's pince-nez, at Behemoth's Primus and grazed elbow.
'A thousand apologies, madam, but what membership cards?' asked Koroviev in astonishment.
'Are you writers?' asked the woman in return.
'Indubitably,' replied Koroviev with dignity.
'Where are your membership cards?' the woman repeated.
'Dear lady...' Koroviev began tenderly.
'I'm not a dear lady,' interrupted the woman.
'Oh, what a shame,' said Koroviev in a disappointed voice and went on: 'Well, if you don't want to be a dear lady, which would have been delightful, you have every right not to be. But look here - if you wanted to make sure that Dostoyevsky was a writer, would you really ask him for his membership card? Why, you only have to take any five pages of one of his novels and you won't need a membership card to convince you that the man's a writer. I don't suppose he ever had a membership card, anyway! What do you think?' said Koroviev, turning to Behemoth.
'I'll bet he never had one,' replied the cat, putting the Primus on the table and wiping the sweat from its brow with its paw.
'You're not Dostoyevsky,' said the woman to Koroviev.
'How do you know?'
'Dostoyevsky's dead,' said the woman, though not very confidently.
'I protest!' exclaimed Behemoth warmly. 'Dostoyevsky is immortal!'
'Your membership cards, please,' said the woman.”
― The Master and Margarita
'Your membership cards?' she said, staring in surprise at Koroviev's pince-nez, at Behemoth's Primus and grazed elbow.
'A thousand apologies, madam, but what membership cards?' asked Koroviev in astonishment.
'Are you writers?' asked the woman in return.
'Indubitably,' replied Koroviev with dignity.
'Where are your membership cards?' the woman repeated.
'Dear lady...' Koroviev began tenderly.
'I'm not a dear lady,' interrupted the woman.
'Oh, what a shame,' said Koroviev in a disappointed voice and went on: 'Well, if you don't want to be a dear lady, which would have been delightful, you have every right not to be. But look here - if you wanted to make sure that Dostoyevsky was a writer, would you really ask him for his membership card? Why, you only have to take any five pages of one of his novels and you won't need a membership card to convince you that the man's a writer. I don't suppose he ever had a membership card, anyway! What do you think?' said Koroviev, turning to Behemoth.
'I'll bet he never had one,' replied the cat, putting the Primus on the table and wiping the sweat from its brow with its paw.
'You're not Dostoyevsky,' said the woman to Koroviev.
'How do you know?'
'Dostoyevsky's dead,' said the woman, though not very confidently.
'I protest!' exclaimed Behemoth warmly. 'Dostoyevsky is immortal!'
'Your membership cards, please,' said the woman.”
― The Master and Margarita
“In South Texas I saw three interesting things. The first was a tiny girl, maybe ten years old, driving in a 1965 Cadillac. She wasn't going very fast, because I passed her, but still she was cruising right along, with her head tilted back and her mouth open and her little hands gripping the wheel.
Then I saw an old man walking up the median strip pulling a wooden cross behind him. It was mounted on something like a golf cart with two spoked wheels. I slowed down to read the hand-lettered sign on his chest.
JACKSONVILLE
FLA OR BUST
I had never been to Jacksonville but I knew it was the home of the Gator Bowl and I had heard it was a boom town, taking in an entire county or some such thing. It seemed an odd destination for a religious pilgrim. Penance maybe for some terrible sin, or some bargain he had worked out with God, or maybe just a crazed hiker. I waved and called out to him, wishing him luck, but he was intent on his marching and had no time for idle greetings. His step was brisk and I was convinced he wouldn't bust.
The third interesting thing was a convoy of stake-bed trucks all piled high with loose watermelons and cantaloupes. I was amazed. I couldn't believe that the bottom ones weren't crushed under all that weight, exploding and spraying hazardous melon juice onto the highway. One of nature's tricks with curved surfaces. Topology! I had never made it that far in mathematics and engineering studies, and I knew now that I never would, just as I knew that I would never be a navy pilot or a Treasury agent. I made a B in Statics but I was failing in Dynamics when I withdrew from the field. The course I liked best was one called Strength of Materials. Everybody else hated it because of all the tables we had to memorize but I loved it, the sheared beam. I had once tried to explain to Dupree how things fell apart from being pulled and compressed and twisted and bent and sheared but he wouldn't listen. Whenever that kind of thing came up, he would always say - boast, the way those people do - that he had no head for figures and couldn't do things with his hands, slyly suggesting the presence of finer qualities.”
― The Dog of the South
Then I saw an old man walking up the median strip pulling a wooden cross behind him. It was mounted on something like a golf cart with two spoked wheels. I slowed down to read the hand-lettered sign on his chest.
JACKSONVILLE
FLA OR BUST
I had never been to Jacksonville but I knew it was the home of the Gator Bowl and I had heard it was a boom town, taking in an entire county or some such thing. It seemed an odd destination for a religious pilgrim. Penance maybe for some terrible sin, or some bargain he had worked out with God, or maybe just a crazed hiker. I waved and called out to him, wishing him luck, but he was intent on his marching and had no time for idle greetings. His step was brisk and I was convinced he wouldn't bust.
The third interesting thing was a convoy of stake-bed trucks all piled high with loose watermelons and cantaloupes. I was amazed. I couldn't believe that the bottom ones weren't crushed under all that weight, exploding and spraying hazardous melon juice onto the highway. One of nature's tricks with curved surfaces. Topology! I had never made it that far in mathematics and engineering studies, and I knew now that I never would, just as I knew that I would never be a navy pilot or a Treasury agent. I made a B in Statics but I was failing in Dynamics when I withdrew from the field. The course I liked best was one called Strength of Materials. Everybody else hated it because of all the tables we had to memorize but I loved it, the sheared beam. I had once tried to explain to Dupree how things fell apart from being pulled and compressed and twisted and bent and sheared but he wouldn't listen. Whenever that kind of thing came up, he would always say - boast, the way those people do - that he had no head for figures and couldn't do things with his hands, slyly suggesting the presence of finer qualities.”
― The Dog of the South
“The wine is one of those big, noble wines that Brandon favours, and Chapuys drinks appreciatively and says I don't understand it, nothing do I understand in this benighted country. Is Cranmer Pope now? Or is Henry Pope? Perhaps you are Pope? My men who were among the press today say they heard few voices raised for the concubine, and plenty who called upon God to bless Katherine, the rightful queen.
Did they? I don't know what city they were in.
Chapuys sniffs: they may well wonder. These days it is nothing but Frenchmen about the king, and she, Boleyn, she is half-French herself, and wholly bought by them; her entire family are in the pocket of Francis. But you, Thomas, you are not taken in by these Frenchmen, are you?
He reassures him: my dear friend, not for one instant.
Chapuys weeps; it's unlike him: all credit to the noble wine. 'I have failed my master the Emperor. I have failed Katherine.'
'Never mind.' He thinks, tomorrow is another battle, tomorrow is another world.”
― Wolf Hall
Did they? I don't know what city they were in.
Chapuys sniffs: they may well wonder. These days it is nothing but Frenchmen about the king, and she, Boleyn, she is half-French herself, and wholly bought by them; her entire family are in the pocket of Francis. But you, Thomas, you are not taken in by these Frenchmen, are you?
He reassures him: my dear friend, not for one instant.
Chapuys weeps; it's unlike him: all credit to the noble wine. 'I have failed my master the Emperor. I have failed Katherine.'
'Never mind.' He thinks, tomorrow is another battle, tomorrow is another world.”
― Wolf Hall
“I cannot go to school today"
Said little Peggy Ann McKay.
"I have the measles and the mumps,
A gash, a rash and purple bumps.
My mouth is wet, my throat is dry.
I'm going blind in my right eye.
My tonsils are as big as rocks,
I've counted sixteen chicken pox.
And there's one more - that's seventeen,
And don't you think my face looks green?
My leg is cut, my eyes are blue,
It might be the instamatic flu.
I cough and sneeze and gasp and choke,
I'm sure that my left leg is broke.
My hip hurts when I move my chin,
My belly button's caving in.
My back is wrenched, my ankle's sprained,
My 'pendix pains each time it rains.
My toes are cold, my toes are numb,
I have a sliver in my thumb.
My neck is stiff, my voice is weak,
I hardly whisper when I speak.
My tongue is filling up my mouth,
I think my hair is falling out.
My elbow's bent, my spine ain't straight,
My temperature is one-o-eight.
My brain is shrunk, I cannot hear,
There's a hole inside my ear.
I have a hangnail, and my heart is ...
What? What's that? What's that you say?
You say today is .............. Saturday?
G'bye, I'm going out to play!”
―
Said little Peggy Ann McKay.
"I have the measles and the mumps,
A gash, a rash and purple bumps.
My mouth is wet, my throat is dry.
I'm going blind in my right eye.
My tonsils are as big as rocks,
I've counted sixteen chicken pox.
And there's one more - that's seventeen,
And don't you think my face looks green?
My leg is cut, my eyes are blue,
It might be the instamatic flu.
I cough and sneeze and gasp and choke,
I'm sure that my left leg is broke.
My hip hurts when I move my chin,
My belly button's caving in.
My back is wrenched, my ankle's sprained,
My 'pendix pains each time it rains.
My toes are cold, my toes are numb,
I have a sliver in my thumb.
My neck is stiff, my voice is weak,
I hardly whisper when I speak.
My tongue is filling up my mouth,
I think my hair is falling out.
My elbow's bent, my spine ain't straight,
My temperature is one-o-eight.
My brain is shrunk, I cannot hear,
There's a hole inside my ear.
I have a hangnail, and my heart is ...
What? What's that? What's that you say?
You say today is .............. Saturday?
G'bye, I'm going out to play!”
―
Will’s 2025 Year in Books
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