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Bill Fulkerson

Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

www.nakedcapitalism.com/...ernist-thinking-exploding.html

capitalism power society

shared by Bill Fulkerson on 11 Mar 17 - No Cached
  • Bill Fulkerson on 11 Mar 17
     
    " Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o
Bill Fulkerson

Anatomy of an AI System - 1 views

anatomyof.ai

AI amazon

shared by Bill Fulkerson on 14 Sep 18 - No Cached
  • Bill Fulkerson on 14 Sep 18
     
    "With each interaction, Alexa is training to hear better, to interpret more precisely, to trigger actions that map to the user's commands more accurately, and to build a more complete model of their preferences, habits and desires. What is required to make this possible? Put simply: each small moment of convenience - be it answering a question, turning on a light, or playing a song - requires a vast planetary network, fueled by the extraction of non-renewable materials, labor, and data. The scale of resources required is many magnitudes greater than the energy and labor it would take a human to operate a household appliance or flick a switch. A full accounting for these costs is almost impossible, but it is increasingly important that we grasp the scale and scope if we are to understand and govern the technical infrastructures that thread through our lives. III The Salar, the world's largest flat surface, is located in southwest Bolivia at an altitude of 3,656 meters above sea level. It is a high plateau, covered by a few meters of salt crust which are exceptionally rich in lithium, containing 50% to 70% of the world's lithium reserves. 4 The Salar, alongside the neighboring Atacama regions in Chile and Argentina, are major sites for lithium extraction. This soft, silvery metal is currently used to power mobile connected devices, as a crucial material used for the production of lithium-Ion batteries. It is known as 'grey gold.' Smartphone batteries, for example, usually have less than eight grams of this material. 5 Each Tesla car needs approximately seven kilograms of lithium for its battery pack. 6 All these batteries have a limited lifespan, and once consumed they are thrown away as waste. Amazon reminds users that they cannot open up and repair their Echo, because this will void the warranty. The Amazon Echo is wall-powered, and also has a mobile battery base. This also has a limited lifespan and then must be thrown away as waste. According to the Ay
Steve Bosserman

It wasn't just hate. Fascism offered robust social welfare | Aeon Ideas - 0 views

aeon.co/...-wing-anti-capitalist-movement

fascism capitalism social contract democracy

shared by Steve Bosserman on 27 Mar 17 - No Cached
  • The origins of fascism lay in a promise to protect people. In the late 19th and early 20th centuries, a rush of globalisation destroyed communities, professions and cultural norms while generating a wave of immigration. Right-wing nationalist movements promising to protect people from the pernicious influence of foreigners and markets arose, and frightened, disoriented and displaced people responded. These early fascist movements disrupted political life in some countries, but they percolated along at a relatively low simmer until the Second World War.
  • After coming to power, the Italian fascists created recreational circles, student and youth groups, sports and excursion activities. These organisations all furthered the fascists’ goals of fostering a truly national community. The desire to strengthen (a fascist) national identity also compelled the regime to extraordinary cultural measures. They promoted striking public architecture, art exhibitions, and film and radio productions. The regime intervened extensively in the economy. As one fascist put it: ‘There cannot be any single economic interests which are above the general economic interests of the state, no individual, economic initiatives which do not fall under the supervision and regulation of the state, no relationships of the various classes of the nation which are not the concern of the state.’
  • When, in January 1933, Hitler became chancellor, the Nazis quickly began work-creation and infrastructure programmes. They exhorted business to take on workers, and doled out credit. Germany’s economy rebounded and unemployment figures improved dramatically: German unemployment fell from almost 6 million in early 1933 to 2.4 million by the end of 1934; by 1938, Germany essentially enjoyed full employment. By the end of the 1930s, the government was controlling decisions about economic production, investment, wages and prices. Public spending was growing spectacularly.
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  • There can be no question that violence and racism were essential traits of fascism. But for most Italians, Germans and other European fascists, the appeal was based not on racism, much less ethnic cleansing, but on the fascists’ ability to respond effectively to crises of capitalism when other political actors were not. Fascists insisted that states could and should control capitalism, that the state should and could promote social welfare, and that national communities needed to be cultivated. The fascist solution ultimately was, of course, worse than the problem. In response to the horror of fascism, in part, New Deal Democrats in the United States, and social democratic parties in Europe, also moved to re-negotiate the social contract. They promised citizens that they would control capitalism and provide social welfare policies and undertake other measures to strengthen national solidarity – but without the loss of freedom and democracy that fascism entailed.
Steve Bosserman

When the state is unjust, citizens may use justifiable violence | Aeon Ideas - 0 views

aeon.co/...s-may-use-justifiable-violence

philosophy politics police

shared by Steve Bosserman on 03 Dec 18 - No Cached
  • Here’s a philosophical exercise. Imagine a situation in which a civilian commits an injustice, the kind against which you believe it is permissible to use deception, subterfuge or violence to defend yourself or others. For instance, imagine your friend makes an improper stop at a red light, and his dad, in anger, yanks him out of the car, beats the hell out of him, and continues to strike the back of his skull even after your friend lies subdued and prostrate. May you use violence, if it’s necessary to stop the father? Now imagine the same scene, except this time the attacker is a police officer in Ohio, and the victim is Richard Hubbard III, who in 2017 experienced just such an attack as described. Does that change things? Must you let the police officer possibly kill Hubbard rather than intervene?
  • Most people answer yes, believing that we are forbidden from stopping government agents who violate our rights. I find this puzzling. On this view, my neighbours can eliminate our right of self-defence and our rights to defend others by granting someone an office or passing a bad law. On this view, our rights to life, liberty, due process and security of person can disappear by political fiat – or even when a cop has a bad day. In When All Else Fails: The Ethics of Resistance to State Injustice (2019), I argue instead that we may act defensively against government agents under the same conditions in which we may act defensively against civilians. In my view, civilian and government agents are on a par, and we have identical rights of self-defence (and defence of others) against both. We should presume, by default, that government agents have no special immunity against self-defence, unless we can discover good reason to think otherwise. But it turns out that the leading arguments for special immunity are weak.
Bill Fulkerson

Exclusive: Countries To Face a 'Wave' of Corporate Lawsuits Challenging Emergency COVID... - 0 views

www.nakedcapitalism.com/...ergency-covid-19-measures.html

emergency countries coronavirus lawsuits

shared by Bill Fulkerson on 19 May 20 - No Cached
  • Bill Fulkerson on 19 May 20
     
    Yves here. So now it's clear: some companies and their law firm enablers see their right to profit, even in the face of the Covid-19 pandemic, as more important than human lives. This has been an underlying theme of investor-state dispute settlement suits (which we've written about extensively), but it's never been as crass as here. On top of everything else, these actions will deplete government coffers, adding to public distress. The only upside is this sort of thing should kill incorporating meaningful investor-state dispute settlement provisions into future trade deals.
Bill Fulkerson

So Far, 2020 Has Been Our Year of Magical Thinking | The Nation - 0 views

www.thenation.com/...coronavirus-response-winter

magical thinking coronavirus

shared by Bill Fulkerson on 21 Aug 20 - No Cached
  • Bill Fulkerson on 21 Aug 20
     
    So many of us, including me, have been focused on the failure of the federal response to Covid-19, watching President Trump's catastrophe-by-public-policy roll out day after day since late February. I've written a lot about it in these pages. In a misplaced triumphalism, some people in states that have managed to have a relatively quiet summer with low rates of Covid-19 cases have chastised those in states with renewed outbreaks as being foolish or unheeding of scientific advice, as governors still slow-walk the response to the disease and ordinary people shun masks and flock to social gatherings. We all like to think of ourselves as different, doing the right thing, doing our part.
Steve Bosserman

It wasn't just hate. Fascism offered robust social welfare - Sheri Berman | Aeon Ideas - 0 views

aeon.co/...-wing-anti-capitalist-movement

capitalism right wing nationalism history economics fascism politics

shared by Steve Bosserman on 12 Aug 18 - No Cached
  • There can be no question that violence and racism were essential traits of fascism. But for most Italians, Germans and other European fascists, the appeal was based not on racism, much less ethnic cleansing, but on the fascists’ ability to respond effectively to crises of capitalism when other political actors were not. Fascists insisted that states could and should control capitalism, that the state should and could promote social welfare, and that national communities needed to be cultivated. The fascist solution ultimately was, of course, worse than the problem. In response to the horror of fascism, in part, New Deal Democrats in the United States, and social democratic parties in Europe, also moved to re-negotiate the social contract. They promised citizens that they would control capitalism and provide social welfare policies and undertake other measures to strengthen national solidarity – but without the loss of freedom and democracy that fascism entailed.
  • The lesson for the present is clear: you can’t beat something with nothing. If other political actors don’t come up with more compelling solutions to the problems of capitalism, the popular appeal of the resurgent Right-wing will continue. And then the analogy with fascism and democratic collapse of the interwar years might prove even more relevant than it is now.
Steve Bosserman

Jane Jacobs's Theories on Urban Planning-and Democracy in America - The Atlantic - 0 views

www.theatlantic.com/...501104

democracy urban design ecosystems diversity neighborhoods

shared by Steve Bosserman on 17 Nov 16 - No Cached
  • Urban life was Jacobs’s great subject. But her great theme was the fragility of democracy—how difficult it is to maintain, how easily it can crumble. A city offered the perfect laboratory in which to study democracy’s intricate, interconnected gears and ballistics. “When we deal with cities,” she wrote in The Death and Life of Great American Cities (1961), “we are dealing with life at its most complex and intense.” When cities succeed, they represent the purest manifestation of democratic ideals: “Cities have the capability of providing something for everybody, only because, and only when, they are created by everybody.” When cities fail, they fail for the same reasons democracies fail: corruption, tyranny, homogenization, overspecialization, cultural drift and atrophy.
  • I was encouraged to believe that simple conformity results in stagnation for a society, and that American progress has been largely owing to the opportunity for experimentation, the leeway given initiative, and to a gusto and a freedom for chewing over odd ideas. I was taught that the American’s right to be a free individual, not at the mercy of the state, was hard-won and that its price was eternal vigilance, that I too would have to be vigilant.
  • Her 1,500-word speech, a version of which appears in Vital Little Plans, became the basis for The Death and Life of Great American Cities. Her main argument was Kirk’s: Small neighborhood stores, ignored by the planners in their grim demolition derby, were essential social hubs. She added that sidewalks, stoops, laundries, and mailbox areas were also indispensable centers of community activity, and that sterile, vacant outdoor space served nobody. “The least we can do,” she said, “is to respect—in the deepest sense—strips of chaos that have a weird wisdom of their own.”
  • ...5 more annotations...
  • Reduced to a word, Jacobs’s argument is that a city, or neighborhood, or block, cannot succeed without diversity: diversity of residential and commercial use, racial and socioeconomic diversity, diversity of governing bodies (from local wards to state agencies), diverse modes of transportation, diversity of public and private institutional support, diversity of architectural style. Great numbers of people concentrated in relatively small areas should not be considered a health or safety hazard; they are the foundation of a healthy community. Dense, varied populations are “desirable,” Jacobs wrote,
  • Madison argued that as you increase the “variety of parties and interests” contained within a republic, “you make it less probable that a majority of the whole will have a common motive to invade the rights of other citizens.”
  • “We need all kinds of diversity,” Jacobs concluded in Death and Life, “so the people of cities can sustain (and further develop) their society and civilization.”
  • In her comparative study of fallen empires, Jacobs identifies common early indicators of decline: “cultural xenophobia,” “self-imposed isolation,” and “a shift from faith in logos, reason, with its future-oriented spirit … to mythos, meaning conservatism that looks backwards to fundamentalist beliefs for guidance and a worldview.” She warns of the profligate use of plausible denial in American politics, the idea that “a presentable image makes substance immaterial,” allowing political campaigns “to construct new reality.” She finds further evidence of our hardening cultural sclerosis in the rise of the prison-industrial complex, the prioritization of credentials over critical thinking in the educational system, low voter turnout, and the reluctance to develop renewable forms of energy in the face of global ecological collapse.
  • In the foreword to the 1992 Modern Library edition of Death and Life, Jacobs likens cities to natural ecosystems. “Both types of ecosystems,” she writes, “require much diversity to sustain themselves … and because of their complex interdependencies of components, both kinds of ecosystems are vulnerable and fragile, easily disrupted or destroyed.”
Bill Fulkerson

Globalization and the End of the Labor Aristocracy, Part 1 | naked capitalism - 0 views

www.nakedcapitalism.com/...-labor-aristocracy-part-1.html

labor capitalism globalization

shared by Bill Fulkerson on 07 Apr 17 - No Cached
  • Bill Fulkerson on 07 Apr 17
     
    "Twenty-first century imperialism has changed its form. In the 19th century and the first half of the 20th century, it was explicitly related to colonial control; in the second half of the 20th century it relied on a combination of geopolitical and economic control deriving also from the clear dominance of the United States as the global hegemon and leader of the capitalist world dealing with the potential threat from the Communist world. It now relies more and more on an international legal and regulatory architecture-fortified by various multilateral and bilateral agreements-to establish the power of capital over labor. This has involved a "grand bargain," no less potent for being implicit, between different segments of capital. Capitalist firms in the developing world gained some market access (typically intermediated by multinational capital) and, in return, large capital in highly developed countries got much greater protection and monopoly power, through tighter enforcement of intellectual property rights and greater investment protections."
Bill Fulkerson

The risk of eternal lockdown - UnHerd - 0 views

unherd.com/...the-danger-of-eternal-lockdown

COVID-19 pandemic lockdown

shared by Bill Fulkerson on 09 Feb 21 - No Cached
  • Bill Fulkerson on 09 Feb 21
     
    "Risk of eternal lockdown. Hard questions need to be asked.. It's essential that we don't enter a semi-permanent state of emergency laws & basic rights switched on/off by the govt at will and without democratic scrutiny.. We cannot be locked down forever."
Steve Bosserman

What does home mean if your bed is on the pavements of Paris? | Aeon Essays - 0 views

aeon.co/...d-is-on-the-pavements-of-paris

homelessness anthropology paris home

shared by Steve Bosserman on 29 Nov 18 - No Cached
  • The American anthropologist Edward Fischer, paraphrasing Aristotle, said that the good life is ‘a life worth living’, or a journey towards ‘a fulfilled life’. It has to do with happiness but is not limited to it; it’s often – perhaps counterintuitively – linked to commitment and sacrifice, to the work of becoming a particular person. The French philosopher Michel Foucault in 1982 described these practices as technologies of the self. According to Foucault, the self is ‘not given to us … we have to create ourselves as a work of art’. My informants on the streets of Paris were striving – in their own ways – towards being better selves. I came to understand the activities, processes and routines that they engaged in – begging, making a shelter, accessing temporary housing, etc – as practices of the self geared towards a better life, as practices of homemaking on the street, as practices of hope.
  • Aside from François, others I met on the streets of Paris – such as Sabal from India, and Alex from Kosovo – talked about their engagement in such practices of hope. Following them through soup kitchens, drop-in centres, government institutions and homeless shelters, I observed two main ways in which they attempted to push for a better life. Both of them were connected to the idea of home: my informants in Paris were longing to find and go back to a homeland, often one from the past, while on a daily basis they were struggling to construct a home in order to survive. That was what a better life looked like for them.
  • Home, according to the Australian social scientist Shelley Mallett, is always suspended between the ideal and the real. It relates to ‘the activity performed by, with or in person’s things and places. Home is lived in the tension between the given and the chosen, then and now.’ While Sabal’s India was part of the ideal, what Alex was dealing with was closer to the ‘real’ side of this distinction. His home-making efforts were a continuous process of daily activities.
  • ...3 more annotations...
  • For many of the homeless people I’ve met in both London and Paris, home was connected to a place they departed from and have a desire to return to – a place that carried what the English sociologist Liz Kenyon calls a right to return and a sense of one’s origin. Sara Ahmed’s 1999 study of migrants’ writing, particularly Asian women living in Britain, supports this view of home as something in the longer-term future. The British-Australian scholar wrote that home is often a destination, somewhere to travel to: ‘the space which is most like home, which is most comfortable and familiar, is not the space of inhabitance – I am here – but the very space in which one finds the self as almost, but not quite, at home. In such a space, the subject has a destination, an itinerary, indeed a future, but in having such as destination, has not yet arrived.’ Home is, in this sense, not about the present – and surely not a place of passive suffering – but about one’s hopes, about making home an imagined place where one has not yet arrived.
  • Home is exactly such a process, involving the material and the imaginative, social connections and mundane acts. Routines, habits and rhythms – often as simple as regularly visiting certain neighbourhoods, shelters and food kitchens – are important parts of this process, and are deeply connected to a temporal as well as spatial order. This focus on order is best expressed in the classical analysis of home by the English anthropologist Mary Douglas:[Home] is always a localisable idea. Home is located in space but it is not necessarily a fixed space. It does not need bricks and mortar, it can be a wagon, a caravan, a board, or a tent. It need not be a large space, but space there must be, for home starts by bringing some space under control.
  • François, who introduced me to the labour of begging, found something close to home in his daily practices. His home was fashioned by coming face to face with the city around him. These narratives show how far removed these people are from a state of passive suffering. Yes, there were moments of idleness and, for some, long phases of pain. But most of the people I met sleeping rough – independent of age, gender, tenure on the street and level of addiction – were striving, in their way, towards a better life: first on, and hopefully off, the street.
Steve Bosserman

Universal Basic Assets: A Smarter Fix Than Universal Basic Income? | Fast Forward | OZY - 0 views

www.ozy.com/...90019

universal basic assets uba income disparity

shared by Steve Bosserman on 01 Dec 18 - No Cached
  • For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling out cash. Instead, he advocates giving everyone assets like savings, education and homeownership, instituting a system of universal basic assets (UBA). And Friedman isn’t alone.
  • As cities and countries across the world experiment with the currently in-vogue idea of universal basic income (UBI), a small but growing number of scholars, nonprofits and researchers are beginning to argue for an alternative framework for prosperity. At its heart, they’re pushing for a 21st-century version of the age-old proverb that it’s better to teach a man how to fish than to simply give him fish. Just four years ago, UBA as a modern concept was unknown. Today, it’s emerging as a challenger to UBI as a means to the same goal: less income disparity and greater opportunities for all.
  • It’s an idea that has appeal on both sides of the political aisle. Liberals are drawn to UBA’s “provide for everyone” ethos, while libertarians see it as a reason to cut the “safety net” of government subsidies like welfare and unemployment, says Friedman. The bipartisan appeal comes from the notion that asset-building gives people more options, says C. Eugene Steuerle, former deputy assistant secretary of the U.S. Department of the Treasury for Tax Analysis under President Ronald Reagan and co-founder of the Urban-Brookings Tax Policy Center. ”UBA is a middle-of-the-road policy,” he says. “It’s an ideal compromise between left and right because it promotes mobility and opportunity, and less dependence on government.”
  • ...1 more annotation...
  • At the Institute for the Future, Gorbis is convinced that assets are a critical determinant of an individual’s resources, especially with the rise of the gig economy where many don’t have access to benefits like health insurance and retirement savings. “When you look at data, a lot of inequality is deeper than income — it’s also about debt,” she says, adding, “for poor people, housing is the main asset.” That’s why Gorbis suggests UBA should start with access to housing, but also include access to public resources like transit. If you can take public transit, you don’t need to own a car, she says. When basic assets were first discussed, the crowning jewel was land — upon which the Homestead Act was based. Then, all eyes turned to jobs as the ultimate means of security. Today, Gorbis says, we should begin to look at data. Access to data — the internet, online education and resources — significantly affects socioeconomic status.
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