Five of the Best
The top five comment pieces from today's papers
In the Washington Post, Fareed Zakaria says that Obama should reject General McChrystal's demand for a troop surge in Afghanistan:
Why has security gotten worse? Largely because Hamid Karzai's government is ineffective and corrupt and has alienated large numbers of Pashtuns, who have migrated to the Taliban. It is not clear that this problem can be solved by force, even using a smart counterinsurgency strategy. In fact, more troops injected into the current climate could provoke an anti-government or nationalist backlash.
On the day the London Evening Standard goes free, the Times's Libby Purves argues that the days of free online content are over:
It's been fun: like a jammed fruit machine spewing free tokens or a whisky-galore shipwreck. But it's got to stop. Content -- whether music, films, pictures, news or prose -- can't be free and flourish. The music and movie industries are fighting: journalism, after the ego trip of gaining millions of online readers, is following. It has to. There is no alternative.
The Guardian's Jackie Ashley writes that the quality of prospective MPs gives cause for optimism as the expenses scandal returns:
[T]his is the good news: that parliamentary politics really is being cleaned up. If MPs behave badly, out they will go. Most ordinary parliamentarians work very hard, and for less money than they could get elsewhere. There are rotten apples and overripe plums; but there are some good ones too. You can't improve parliament without encouraging a fresh wave of keen, principled and determined outsiders to breach its walls. Now this is going to happen.
The New York Times's Paul Krugman warns that an obsessive fear of inflation threatens to prevent a full economic recovery:
What's even more extraordinary, however, is the idea that raising rates would make sense any time soon. After all, the unemployment rate is a horrifying 9.8 per cent and still rising, while inflation is running well below the Fed's long-term target. This suggests that the Fed should be in no hurry to tighten -- in fact, standard policy rules of thumb suggest that interest rates should be left on hold for the next two years or more, or until the unemployment rate has fallen to around 7 per cent.
In the Independent, Paul Collier says that the economic crisis has led to a damaging flight of finance from Africa:
Why does this matter? It matters because Africa desperately needs more investment. For decades Africa has been investing only around 20 per cent of national income, whereas Asia is investing around 40 per cent. At these rates, almost regardless of returns, Africa will continue to fall further behind the emerging-market economies. Yet Africa simply cannot afford to finance a substantial increase in investment from its internal resources. A domestically financed increase in investment could only come at the expense of consumption.