08 June 2020

From Bloomberg Opinion: Niall Ferguson 2020 Is Not 1968. It May Be Worse

Niall Ferguson is the Milbank Family Senior Fellow at the Hoover Institution at Stanford University and a Bloomberg Opinion columnist. 
He was previously a professor of history at Harvard, New York University and Oxford. 
He is the founder and managing director of Greenmantle LLC, a New York-based advisory firm.


Social unrest helped doom Lyndon Johnson's presidency. 
It may end up saving Trump's.
But is this the correct analogy? Or is the baby-boomers’ obsession with their own exciting teenage years leading us, not for the first time, to think too much about the late 20th century and not enough about other, more relevant periods?


Like the over-used Weimar analogy, allusions to 1968 are a kind of shorthand — just a superior way of saying, “This is really bad.” I’m betting that most of the people bandying these analogies about haven’t ever pored over documents from 1968 or 1933. . . 
The spread of Covid-19 from China to the rest of the world, and the generally inept responses of the U.S. authorities to the pandemic, have combined to create perfect conditions for urban unrest. The disease has disproportionately hurt minority communities, especially African-Americans. In the U.S.as in the U.K., people of color are more likely than whites to work in contagion-exposed, low-skilled, “essential” occupations; to live in crowded conditions; and to have co-morbidities such as obesity and diabetes. The economic consequences of lockdowns have also hit African-Americans harder than white Americans. 
You really don’t need 1968 to explain 2020.
As a white, middle-aged, upper-middle-class immigrant, I’m hardly the person to speak to the politics of race in America. So I turned to an African-American friend, the economist Roland Fryer, whom I’ve known since we were colleagues at Harvard. ..
He has a new, unpublished paper that looks at a perverse effect of investigations into police shootings. I asked Fryer to walk me through the argument. . . .“If you have a police shooting that goes viral online but isn’t investigated,” he explained, “then nothing changes — levels of police activity and crime are about the same. But if you have a viral shooting that is investigated, then police activity plummets, and crime goes up dramatically.”
How does Fryer interpret the current protests? 
“People are fed up,” he told me. “They are frustrated by the disparities they see in educational outcomes. Frustrated by the disparities they see in criminal justice. Frustrated by racial disparities in life expectancy. 
We are all to blame — this happened on our watch.” 

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