Sekėjai

Ieškoti šiame dienoraštyje

2021 m. rugpjūčio 26 d., ketvirtadienis

Economists Explain the Taliban

 

                                                                                                         A. Gill

"The Taliban's rapid overthrow of the U.S.-supported regime in Afghanistan came as a surprise to many in the West, including President Biden, who said in early July: "Do I trust the Taliban? No. But I trust the capacity of the Afghan military, who is better trained, better equipped, and more and more competent in terms of conducting war."

How could a ragtag group of religious fundamentalists be so effective in capturing a territory that has resisted rule by some of the most formidable world powers, including the British, the Soviets and the Americans?

An answer can be found in a quirky academic subfield known as the political economy of religion. It was developed in the late 1980s by sociologists Rodney Stark and Roger Finke and economist Laurence Iannaccone. Political scientists including Carolyn Warner and me added the political side of the equation in the early 1990s.

An insight from Mr. Iannaccone bears directly on the success of the Taliban: Groups with strict behavioral rituals are especially effective at organizing collective action. He was intrigued by the organizational vibrancy of some of the strictest faiths in the U.S., including Mormons, Jehovah's Witnesses and Orthodox Jews. These groups all have demanding behavioral codes and intensely devoted adherents.

Mr. Iannaccone argued that behavioral codes like a prohibition on alcohol and stigmatizing behavior like wearing distinctive clothing enhanced cooperation. Religious organizations are "club goods," wherein members share many collective benefits such as welfare provision and fellowship. Those benefits depend on active contribution. If everyone participates willingly, the organization is vibrant. If many members are free riders -- receiving the benefits without pulling their weight -- the quality of the good dissipates and the organization becomes anemic.

To limit free riding, strict religious groups require members to prove their loyalty via costly and visible behavior that deters the lazy, such as going on two-year missions or memorizing holy texts. Such "sacrificial signaling" can be seen in other groups, such as fraternities and street gangs with strange hazing rituals.

Stigmatizing behavior also limits the outside opportunities of group members and binds them more closely to the organization. Members find it difficult to betray the group because they have few alternative social options.

Economist Eli Berman used Mr. Iannaccone's insight to study terrorist and rebel organizations. In his 2009 book "Radical, Religious and Violent," Mr. Berman explained that operating a rebel group requires a high degree of loyal cooperation. If an individual is captured or defects from the group, the entire organization could be compromised.

Linking a strict religious sect to a radical rebel group is an effective way of enhancing loyalty and cooperation. People who keep strict dietary habits, pray publicly several times a day, write poetry, and study religious texts to the exclusion of other activities make good cooperators.

The Taliban are an excellent example of Mr. Berman's thesis. Their fundamentalist version of Sunni Islam imposes strict requirements on all members. It is easy for them to identify and choose leaders who are the most cooperative and know that they can be trusted not to defect. As a result, they have become a disciplined organization wherein leaders and lower-level militants are unlikely to defect from the group's mission of creating an Islamic state.

That explained their rise to power in Afghanistan in the 1990s. Following the withdrawal of Soviet forces in 1989, Afghanistan collapsed into a disorganized mess of rival clans vying for political and economic power. A disunited governing system couldn't effectively collect taxes. The nation's infrastructure, including the ability to guarantee basic market interactions, fell into disrepair.

The Taliban was the only unifying entity that could guarantee safe trade routes, collect taxes without excessively plundering the population, and provide essential public goods to key cities. They did this initially by securing control of the Kandahar-Herat Highway, an important trade route between Pakistan and Iran. Previously, competing tribal organizations dominated sections of this highway, stopped all transit, and excessively taxed truckers. With many different clans extracting money every few miles, it became too expensive to transport goods along this road, and commerce ground to a halt.

The Taliban eventually stationed militants at key locations on the highway and taxed merchants only once while protecting truckers from other bandits. Since devout Taliban members proved their loyalty via adherence to strict religious codes, they were unlikely to plunder the trucking caravans further, allowing commercial transport to resume.

Successfully securing this road, the Taliban collected tolerable taxes, which they used for infrastructure projects throughout the country. The Taliban became reasonably popular. Afghans might not have liked their repressive religious policies, but at least the roads were open and the electricity came back.

The Taliban also proved to be reasonably fair arbitrators of civil justice, as imams adjudicated contract disputes between merchants. If people trust that property rights can be fairly enforced, they are more likely to make long-term investments that promote economic growth. Even after being overthrown in 2001, the Taliban continued to serve as a shadow judiciary in some locales where the secular regime proved ineffectual.

All this was possible because the Taliban are a strict religious movement in which leaders and members prove their loyalty by adhering to strict behavioral requirements. The secular government lacked this advantage. Little wonder that when the Taliban rolled into a town, the local population usually put up little resistance. For many Afghans, the strict and predictable implementation of Shariah is preferable to the arbitrary and kleptocratic rule that Afghans have endured for two decades.

A classically liberal government with broad-based civil liberties would be far better. I offer only an explanation for why the Taliban have been able to overrun the country in short order: They represent a disciplined and tolerably trustworthy alternative to a corrupt regime that needed U.S. troops to guarantee its power.

Despite the seeming irrelevance of religion in the secular West, policy makers and military strategists would do well to understand its power elsewhere in the world.

---

Mr. Gill is a professor of political science at the University of Washington and author of "The Political Origins of Religious Liberty" (Cambridge University Press).” [1]


  1. Economists Explain the Taliban. Gill, Anthony.  Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]. 26 Aug 2021: A.17.  

Chinese Tech Firms Regain Ground

 

"After suffering through stock selloffs this summer, China's internet giants are working hard to regain favor with authorities and global investors as the companies try to chart paths back to normalcy.

Shares of two large Chinese online retailers, Pinduoduo Inc. and JD.com Inc., have jumped about 20% or more this week -- recouping a chunk of their heavy losses since July -- after the companies reported healthy sales increases in the second quarter and highlighted their contributions to Chinese society. Their performance took some of the focus away from Beijing's widening regulatory crackdown, which has turned many investors off the once-hot internet sector.

Pinduoduo, a fast-growing e-commerce player known for selling vegetables, groceries and household essentials, reported on Tuesday net income of $373.9 million for the three months ended June. It was the Shanghai-based company's first net profit since its listing on the Nasdaq Stock Market about three years ago and came on the back of an 89% jump in quarterly revenue to $13.6 billion.

The nearly six-year-old company said it would commit its second-quarter earnings and future profit totaling up to the equivalent of $1.5 billion to supporting farmers and rural communities by helping them modernize using agricultural technology. Chen Lei, its chairman and chief executive, said he would oversee the project, which needs majority shareholder approval.

Days earlier, Tencent Holdings Ltd. said it would invest the equivalent of $7.7 billion to promote "common prosperity" in China. The videogaming and social-media giant previously had earmarked a similar sum to fund research in areas such as science and carbon neutrality that are strategically important to Beijing. Common prosperity has become a popular catchphrase in China, used to describe President Xi Jinping's desire for people in the country to get rich together, instead of having wealth concentrated among the corporate world's upper echelons.

"All the companies want to be seen in a positive light," said Louis Lau, director of investments at Brandes Investment Partners in San Diego, a firm that holds some Chinese internet stocks. He added that some companies "are trying to please the government and trying not to become a subject for investigation."

While the companies are trying to get into Beijing's good graces, it remains to be seen whether they will be spared the wide-ranging regulatory crackdown, said David Wong, senior investment strategist for equities at AllianceBernstein in Hong Kong. "It is like if a tobacco company is making big donations to a cancer-research center, it does not remove key risks of antitobacco legislation in future against them," he said.

Pinduoduo's share surge this week followed that of its older Nasdaq-listed peer JD.com, which on Monday reported lower second-quarter net profit and a 26% rise in revenue to $39.3 billion. Both companies are rivals to industry leader Alibaba Group Holding Ltd., which has been one of the biggest targets of China's recent efforts to stamp out anticompetitive business practices.

Xu Lei, CEO of JD's core retail division, said recent regulations for China's internet industry would be beneficial to the company. "We have suffered from unfair market behaviors such as pick one from two," he said.

China's antitrust regulator has taken aim at the practice known as pick one from two, or er xuan yi in Mandarin, and has alleged that Alibaba and other large companies penalized merchants who sold their goods across different retailers.

Mr. Xu tried to paint a picture of JD as a responsible corporate citizen in China. He said that the company's express delivery business has taken care of its blue-collar workers and business partners.” [1]

And in Lithuania, it is time for business to take care of people. We are also post-communist and dumb as a shoe heel. 

 

  1. Chinese Tech Firms Regain Ground. Xie, Yu.  Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]. 26 Aug 2021: B.4.  

Kinijos technologijų įmonės atgauna savo pozicijas

 „Šią vasarą patyrę akcijų išpardavimus, Kinijos interneto milžinai sunkiai dirba, kad atgautų valdžios ir pasaulinių investuotojų palankumą, kai bendrovės bando nubrėžti kelią į normalų gyvenimą. Dviejų didelių Kinijos internetinių mažmenininkų, „Pinduoduo Inc.“ ir „JD.com Inc.“, akcijos šią savaitę šoktelėjo apie 20% ar daugiau - susigrąžindamos dalį didelių nuostolių nuo liepos mėnesio - po to, kai bendrovės pranešė apie gerą antrojo pardavimų augimą ketvirtį ir pabrėžė jų indėlį į Kinijos visuomenę. 

Jų pasirodymas atitraukė dėmesį nuo besiplečiančių Pekino reguliavimo priemonių, kurios daugelį investuotojų atitraukė nuo kadaise karšto interneto sektoriaus. Sparčiai augantis elektroninės prekybos žaidėjas „Pinduoduo“, žinomas dėl daržovių, bakalėjos ir namų apyvokos reikmenų pardavimo, antradienį pranešė apie 373,9 mln. dolerių pelną. Tai buvo pirmasis Šanchajuje įsikūrusios bendrovės grynasis pelnas nuo to laiko, kai ji buvo įtraukta į „Nasdaq“ vertybinių popierių rinką prieš maždaug trejus metus, o 89 proc. ketvirčio pajamų šuolis į 13,6 mlrd. lygį yra įspūdingas. 

Beveik šešerių metų įmonė teigė, kad antrojo ketvirčio pajamas ir būsimą pelną, kurio bendra suma sieks 1,5 mlrd. JAV dolerių, skirs remti ūkininkus ir kaimo bendruomenes, padėdama jiems modernizuotis, naudojant žemės ūkio technologijas. 

Jos pirmininkas ir generalinis direktorius Chenas Lei sakė, kad prižiūrės projektą, kuriam reikia daugumos akcininkų pritarimo. 

Prieš kelias dienas „Tencent Holdings Ltd.“ pareiškė, kad investuos 7,7 mlrd. dolerių, kad skatintų „bendrą gerovę“ Kinijoje. 

Vaizdo žaidimų ir socialinės žiniasklaidos milžinas anksčiau buvo paskyręs panašią sumą tyrimams tokiose srityse, kaip mokslas ir anglies neutralumas, kurie yra strategiškai svarbūs Pekinui, finansuoti. 

Bendra gerovė Kinijoje tapo populiaria fraze, apibūdinančia prezidento Xi Jinpingo troškimą, kad šalies žmonės kartu praturtėtų, užuot sutelkę turtus tarp aukščiausio verslo pasaulio sluoksnio. „Visos įmonės nori būti vertinamos teigiamai“, - sakė Louis Lau, „Brandes Investment Partners“, San Diego, įmonės, valdančios Kinijos interneto akcijas, investicijų direktorius. Jis pridūrė, kad kai kurios bendrovės „stengiasi įtikti vyriausybei ir netapti tyrimo objektu“. 

Nors bendrovės bando įsitraukti į gerąją Pekino malonę, dar reikia išsiaiškinti, ar joms pavyks išvengti plataus masto reguliavimo priemonių, sakė Davidas Wongas, Honkongo „AllianceBernstein“ akcijų vyresnysis investicijų strategas. „Tai panašu į tai, kad jei tabako kompanija daug aukoja vėžio tyrimų centrui, ji nepašalina esminės prieš tabaką susijusių teisės aktų rizikos prieš juos“,-sakė jis. 

„Pinduoduo“ akcijų bangą šią savaitę sekė ankstesnio „Nasdaq“ vertybinių popierių biržoje „JD.com“, kuri pirmadienį pranešė apie mažesnį antrojo ketvirčio grynąjį pelną ir 26% pajamų padidėjimą iki 39,3 mlrd. Abi bendrovės yra konkurentės pramonės lyderiui „Alibaba Group Holding Ltd.“, kuris buvo vienas didžiausių pastarųjų Kinijos pastangų panaikinti antikonkurencinę verslo praktiką, taikiniu. Xu Lei, „JD“ pagrindinio mažmeninės prekybos skyriaus generalinis direktorius, sakė, kad naujausi Kinijos interneto pramonės reglamentai būtų naudingi bendrovei. „Mes patyrėme nesąžiningą elgesį rinkoje, pavyzdžiui, pasirinkime vieną iš dviejų“, - sakė jis. Kinijos antimonopolinė reguliavimo institucija siekė panaikinimo praktikos, žinomos kaip „pasirinkti vieną iš dviejų“ arba „er xuan yi“ mandarinų kalba, ir teigė, kad „Alibaba“ ir kitos didelės įmonės baudė prekybininkus, kurie pardavė savo prekes skirtinguose mažmenininkuose. Ponas Xu bandė nupiešti JD, kaip atsakingo Kinijos piliečio paveikslą. 

Jis sakė, kad bendrovės greitojo pristatymo verslas pasirūpino savo darbuotojais ir verslo partneriais “. [1]

Ir Lietuvoje laikas verslui pasirūpinti žmonėmis. Mes irgi pokomunistiniai ir durni, kaip bato aulas.

 

  1. Chinese Tech Firms Regain Ground. Xie, Yu.  Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]. 26 Aug 2021: B.4.