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Bill Fulkerson

The Looting Machine Called Capitalism - 0 views

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    "I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have to pick up the tab produced by capitalist activity. In the past when critics raised the question about external costs, that is, costs that are external to the company although produced by the company's activities, economists answered that it was not really a problem, because those harmed by the activity could be compensated for the damages that they suffered. This statement was intended to reinforce the claim that capitalism served the general welfare. However, the extremely primitive nature of American property rights meant that rarely would those suffering harm be compensated. The apologists for capitalism saved the system in the abstract, but not in reality."
Steve Bosserman

Global trade should be remade from the bottom up - FT.com - 0 views

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    "The core of the revolt against global integration, though, is not ignorance. It is a sense, not wholly unwarranted, that it is a project carried out by elites for elites with little consideration for the interests of ordinary people - who see the globalisation agenda as being set by big companies playing off one country against another. They read the revelations in the Panama Papers and conclude that globalisation offers a fortunate few the opportunities to avoid taxes and regulations that are not available to the rest. And they see the disintegration that accompanies global integration, as communities suffer when big employers lose to foreign competitors."
Steve Bosserman

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

  • 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.
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  • 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

Reddit's Alexis Ohanian warns 'hustle porn' is 'most toxic, dangerous thing' in tech in... - 0 views

  • While the term “hustle porn” may not be well known, it’s easily understood:“It is this idea that unless you are suffering, unless you are grinding, unless you are working every hour of every day and posting about it on Instagram, you are not working hard enough,” he told the audience. “Do not let hustle porn win here. And do not let it infect your brain … It is such bullshit. Such utter bullshit. And the worst part about it is it has deleterious effects, not just on your business, but on your personal wellbeing.”
Steve Bosserman

How the sufferings of one generation are passed on to the next | Aeon Essays - 0 views

  • Those findings apply to a single generation, yet they tug at the edges of evolutionary theory, in which species change slowly over millennia, not rapidly over the months or years of a single life. Charles Darwin’s process of natural selection holds that nature choses the best-adapted organisms to reproduce and survive in any given ecosystem. The process operates when DNA sequences mutate randomly, and organisms with the specific sequences best-adapted to the environment multiply and prevail – causing gene expression to shift. Yet as surely as the slow march of Darwinian evolution shapes life on Earth over aeons, scientists have found that epigenetic signals can work each day, and not just through methyl groups. Experience in the environment could also alter chromatin, the molecular matrix making up our chromosomes; RNA, the messenger molecules that translate genetic instructions from DNA into protein; and histones, the proteins involved in packaging and structuring the chromatin comprising the genes.
Steve Bosserman

Opinion | It's Westworld. What's Wrong With Cruelty to Robots? - 1 views

  • The biggest concern is that we might one day create conscious machines: sentient beings with beliefs, desires and, most morally pressing, the capacity to suffer. Nothing seems to be stopping us from doing this. Philosophers and scientists remain uncertain about how consciousness emerges from the material world, but few doubt that it does. This suggests that the creation of conscious machines is possible.
  • If we did create conscious beings, conventional morality tells us that it would be wrong to harm them — precisely to the degree that they are conscious, and can suffer or be deprived of happiness. Just as it would be wrong to breed animals for the sake of torturing them, or to have children only to enslave them, it would be wrong to mistreat the conscious machines of the future.
  • Anything that looks and acts like the hosts on “Westworld” will appear conscious to us, whether or not we understand how consciousness emerges in physical systems. Indeed, experiments with AI and robotics have already shown how quick we are to attribute feelings to machines that look and behave like independent agents.
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  • This is where actually watching “Westworld” matters. The pleasure of entertainment aside, the makers of the series have produced a powerful work of philosophy. It’s one thing to sit in a seminar and argue about what it would mean, morally, if robots were conscious. It’s quite another to witness the torments of such creatures, as portrayed by actors such as Evan Rachel Wood and Thandie Newton. You may still raise the question intellectually, but in your heart and your gut, you already know the answer.
  • But the prospect of building a place like “Westworld” is much more troubling, because the experience of harming a host isn’t merely similar to that of harming a person; it’s identical. We have no idea what repeatedly indulging such fantasies would do to us, ethically or psychologically — but there seems little reason to think that it would be good.
  • For the first time in our history, then, we run the risk of building machines that only monsters would use as they please.
Bill Fulkerson

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

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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
Bill Fulkerson

The melting of large icebergs is a key stage in the evolution of ice ages - 0 views

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    Antarctic iceberg melt could hold the key to the activation of a series of mechanisms that cause the Earth to suffer prolonged periods of global cooling, according to Francisco J. Jiménez-Espejo, a researcher at the Andalusian Earth Sciences Institute (CSIC-UGR), whose discoveries were recently published in Nature.
Steve Bosserman

The Culture of Cruelty in Trump's America - Truthdig - 0 views

  • For the last 40 years, the United States has pursued a ruthless form of neoliberalism that has stripped economic activity from ethical considerations and social costs. One consequence has been the emergence of a culture of cruelty in which the financial elite produce inhuman policies that treat the most vulnerable with contempt, relegating them to zones of social abandonment and forcing them to inhabit a society increasingly indifferent to human suffering. Under the Trump administration, the repressive state and market apparatuses that produced a culture of cruelty in the 19th century have returned with a vengeance, producing new levels of harsh aggression and extreme violence in US society. A culture of cruelty has become the mood of our times—a spectral lack of compassion that hovers over the ruins of democracy.
Steve Bosserman

Want a more equal society? Universal Basic Income might not be the policy you are looki... - 0 views

  • Those who seek a radical departure from capitalism see UBI as part of a radical platform to move away from a world in which work is central to our lives, identities and economies. In their book Inventing the Future, Alex Williams and Nick Srnicek argue that UBI is a fundamental part of delivering a new economy in which citizens have much greater freedom over when and if they work.
  • What this shows is that for UBI to be a viable proposition at these levels, there would need to be a fundamental transformation in the ownership of the economy. Williams and Srnicek acknowledge this, arguing that UBI will only work in combination with large scale and collectively owned automation, a reduction in the working week and a shift in social attitudes around the value of the ‘work ethic’.
  • Action on relative poverty is important, and inequality is not cost free. As Kate Pickett and Richard Wilkinson show in their book ‘The Spirit Level’, countries with higher rates of inequality perform worse against a range of social outcomes – physical health, mental health, drug abuse, education, imprisonment, obesity, social mobility, trust and community life.
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  • However, unless we are to engage in a radical economic transformation which drastically increases common ownership of economy, it is unlikely that Universal Basic Income on its own will do more than lock us into our current predicament. In the meantime, we need to look for equally radical policies which make a much more material difference to the lives of those on low incomes and who suffer from structural inequalities. Proponents of UBI need to go big or go home.
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