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"STRUCTURAL REFORM" IS A SHIBBOLETH [Copy link] 中文

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Post time 2016-3-16 14:48:26 |Display all floors
This post was edited by abramicus at 2016-3-16 14:53

A "shibboleth" is a word, custom or mark that distinguishes a person as belonging to one's own group and not another.  The way "structural reform" has been used in the media, politics and academia, without any consistent definition of what it means, illustrates its real purpose is not to convey an idea or message, but rather to convey one's identity as a member of an "in-group", i.e., the group that affimrs "structural reform" is absolutely necessary to the growth and stability of the economy.  Like any priesthood of ancient civilizations, one can demand conformity and obedience to anything one defines as a "structural reform", because it is the de facto sign of divine inspiration.  As such, it serves no purpose other than to condemn those who disagree with the person advocating "structural reform" even if such advocacy lacks any substantive denotation of the phrase advocated.

How is this different from a religion based on a common object of worship?  The more the object of worship is shrouded in mystery, the more profound it is perceived to be.  Contradictions do not diminish the authority of such shibboleths, but rather strengthen them as meaningful beyond rational understanding.

No wonder China willingly sacrificed more than a trillion dollars buying back yuans that it printed for pennies.  Keeping the Yuan overvalued against the dollar, even if it costs one, two or three trillion dollars, is excused as the means to achieve "structural reform", a mantra or Shibboleth that makes one infallible in doctrine and in politics.

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Post time 2016-3-16 14:57:58 |Display all floors
And who are the originators of the idea of "structural reform"?  Not Mao, not Deng, but the Economist, the EU, and the IMF.  Good morning, China.  You just had a long mid-summer's night dream.  You wanted to be more European than the Europeans, more Western than the Westerners, but one thing you can never be, yourself - that they are more than able of doing and being.

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