Former Democratic Progressive Party chairman Shih Ming-teh (
The group of demonstrators following Shih also say that Taiwan's economy is getting worse by the day, and that the people's living conditions are unbearable.
So are Taiwanese really in as much pain as the protesters say?
In order to find out the answer, we need to start off with an objective measure. The misery index created by Harvard economist Robert Barro is widely referred to by theorists and decision makers, and quantifies the quality of life of the "average" citizen.
The index combines unemployment and inflation -- as the two largest evils that threaten our economic wellbeing -- into one measure. The higher the misery index, the worse the people's overall living conditions.
To avoid long-term fluctuations that might bias the outcome, I use the most recent annual data to calculate the index. According to last year's official data, Taiwan's unemployment rate was 4.1 percent, and the inflation rate was 2.3 percent -- so Taiwan's misery index for last year was just 6.4 percent.
Are Shih and his followers right to be outraged by a misery index of 6.4 percent? To determine this, it is necessary to put Taiwan's indices side by side with those of other countries.
Brazil, Russia, India and China -- the "BRIC" economies -- are the leading examples of the world's late-developing or newly developed countries. A report by Goldman Sachs forecasts that, absent significant external shocks, the BRICs could be larger than the G6 nations in less than 40 years.
Based on official data for last year, the misery indices for the BRIC countries were: Brazil, 16.7 percent; Russia, 20.3 percent; India, 13.1 percent; and China, 13.4 percent. The last of these figures is quite rubbery, of course, as China's unemployment figures are based on urban surveys that do not account for rural joblessness. The real rate of unemployment could be as high as 20 percent.
So Taiwanese people can rest easy -- the people living in Brazil, Russia, India and China are a lot more miserable.
Since Taiwan is no longer a developing economy, we might want to compare its economic performance to that of the leading industrialized nations.
Take the largest economy in Europe, Germany. Surprisingly, the misery index of Germany, a fully developed economy, stood at 13.7 percent last year. Taiwan is out in front here.
What about the most powerful economy in the world, the US? The misery index of the US last year was 8.3 percent, and its index last month was 8.52 percent. Compared with Taiwan's 6.4 percent misery index, Taiwanese people again should be happier than US citizens.
What about regional comparisons? South Korea and Taiwan have similar trade and economic structures: Both countries are export dependent and approaching the global production frontier in technological terms. South Korea's misery index last year was 6.5 percent. It seems Taiwan is just a little less miserable than South Korea.
So are Taiwanese really in pain?
By and large, the people should not be in pain, but some certainly believe that they are.
Who has been trying to hypnotize these people? Why do they want to hypnotize them?
These anomalies require more research to resolve.
Darson Chiu is an associate research fellow at the Taiwan Institute of Economic Research.
Because much of what former US president Donald Trump says is unhinged and histrionic, it is tempting to dismiss all of it as bunk. Yet the potential future president has a populist knack for sounding alarums that resonate with the zeitgeist — for example, with growing anxiety about World War III and nuclear Armageddon. “We’re a failing nation,” Trump ranted during his US presidential debate against US Vice President Kamala Harris in one particularly meandering answer (the one that also recycled urban myths about immigrants eating cats). “And what, what’s going on here, you’re going to end up in World War
Earlier this month in Newsweek, President William Lai (賴清德) challenged the People’s Republic of China (PRC) to retake the territories lost to Russia in the 19th century rather than invade Taiwan. He stated: “If it is for the sake of territorial integrity, why doesn’t [the PRC] take back the lands occupied by Russia that were signed over in the treaty of Aigun?” This was a brilliant political move to finally state openly what many Chinese in both China and Taiwan have long been thinking about the lost territories in the Russian far east: The Russian far east should be “theirs.” Granted, Lai issued
On Tuesday, President William Lai (賴清德) met with a delegation from the Hoover Institution, a think tank based at Stanford University in California, to discuss strengthening US-Taiwan relations and enhancing peace and stability in the region. The delegation was led by James Ellis Jr, co-chair of the institution’s Taiwan in the Indo-Pacific Region project and former commander of the US Strategic Command. It also included former Australian minister for foreign affairs Marise Payne, influential US academics and other former policymakers. Think tank diplomacy is an important component of Taiwan’s efforts to maintain high-level dialogue with other nations with which it does
On Sept. 2, Elbridge Colby, former deputy assistant secretary of defense for strategy and force development, wrote an article for the Wall Street Journal called “The US and Taiwan Must Change Course” that defends his position that the US and Taiwan are not doing enough to deter the People’s Republic of China (PRC) from taking Taiwan. Colby is correct, of course: the US and Taiwan need to do a lot more or the PRC will invade Taiwan like Russia did against Ukraine. The US and Taiwan have failed to prepare properly to deter war. The blame must fall on politicians and policymakers