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" 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

F For more than a generation, the idea of human rights has served as a guiding star of the liberal West. Faced with atrocities and injustices around the world, some of the most prominent and powerful institutions and individuals in the West responded by invoking the human rights of the asylees, migrants or persecuted. The force of the underlying idea is one of commonality - namely, that all people are, just like us, human beings, and that fact gives them certain rights we must recognise and protect. In this ideal of an age, humanity is more than an appeal for empathy and kindness; it is a philosophical bedr

"Class Warfare "Towards a History of the Professional: On the Class Composition of the Research University" [Viewpoint Magazine]. From 2013, but it still looks interesting. By arrogating more power to the top layers of academic administrative elite, some in the academic profession saw the possibility of imbricating themselves into the same social class as capitalists, rather than simply serving them. Federal, state, and local laws changed to make students into consumers; courts ruled that public, non-profit universities could patent and own intellectual property; a new type of capital, venture capital, was developed to accelerate the transmission of research into products; and a sub-class of faculty, the adjunct, was formulated to teach the dregs of the expanding university system - those composing the massive undergraduate base, forced into higher education as a college degree became a de facto requirement for admission into any of the professions, and many other occupations. Graduate students and adjuncts took on the bulk of the teaching, freeing star faculty from the responsibility of lecturing to dullards for whom their words would be proverbial pearls before swine."

Two billion years after the Big Bang, the Universe was still very young. However, thousands of huge galaxies, rich in stars and dust, were already formed. An international study, led by SISSA-Scuola Internazionale Superiore di Studi Avanzati, now explains how this was possible. Scientists combined observational and theoretical methods to identify the physical processes behind their evolution and, for the first time, found evidence for a rapid growth of dust due to a high concentration of metals in the distant Universe. The study, published in Astronomy & Astrophysics, offers a new approach to investigate the evolutionary phase of massive objects.