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anonymous

Why Climate Deniers Have No Scientific Credibility - In One Pie Chart - 0 views

www.desmogblog.com/...dibility-science-one-pie-chart

climate pie chart

shared by anonymous on 16 Nov 12 - Cached
  • I searched the Web of Science for peer-reviewed scientific articles published between 1 January 1991 and 9 November 2012 that have the keyword phrases "global warming" or "global climate change." The search produced 13,950 articles. See methodology.
  • Of one thing we can be certain: had any of these articles presented the magic bullet that falsifies human-caused global warming, that article would be on its way to becoming one of the most-cited in the history of science.
  • Global warming deniers often claim that bias prevents them from publishing in peer-reviewed journals. But 24 articles in 18 different journals, collectively making several different arguments against global warming, expose that claim as false. Articles rejecting global warming can be published, but those that have been have earned little support or notice, even from other deniers.
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  • Anyone can repeat this search and post their findings. Another reviewer would likely have slightly different standards than mine and get a different number of rejecting articles. But no one will be able to reach a different conclusion, for only one conclusion is possible: Within science, global warming denial has virtually no influence. Its influence is instead on a misguided media, politicians all-too-willing to deny science for their own gain, and a gullible public.
  • Scientists do not disagree about human-caused global warming. It is the ruling paradigm of climate science, in the same way that plate tectonics is the ruling paradigm of geology. We know that continents move. We know that the earth is warming and that human emissions of greenhouse gases are the primary cause. These are known facts about which virtually all publishing scientists agree.
  • anonymous on 16 Nov 12
     
    "Polls show that many members of the public believe that scientists substantially disagree about human-caused global warming. The gold standard of science is the peer-reviewed literature. If there is disagreement among scientists, based not on opinion but on hard evidence, it will be found in the peer-reviewed literature."
anonymous

All Hail Julian Murdoch - 0 views

dubiousquality.blogspot.com/...all-hail-julian-murdoch.html

gaming

shared by anonymous on 04 Aug 10 - Cached
  • I've written many times about how I feel like the gaming industry spends most of its time fighting for larger slices of pie instead of focusing on increasing the size of the pie. Having more people playing your game greatly increases the theoretical size of the pie.
  • The micro-transaction model makes it incredibly painless for anyone to try out a game, and even if lots of those people don't come back, it's a larger group to filter through to produce a dedicated player base, and to survive.
  • anonymous on 04 Aug 10
     
    "...How much do you think Dungeons & Dragons Online cost to develop? They have 300 people and two properties. They just sold for $160 million to Warner, and they're monstrously, outrageously profitable. Now. It's a F2P microtransaction world, man. Just wait for it. It's ALL gonna be horse armor, Rock Band tracks and map expansions. ALL of it." By Bill Harris at Dubious Quality on August 4, 2010.
anonymous

The Importance of Logic & Critical Thinking - 0 views

www.wired.com/...nce-of-logic-critical-thinking

shared by anonymous on 10 Mar 11 - No Cached
  • However, valid logic does not always guarantee truth or a sound argument. This is where it gets a little funky. Valid logic is when the structure of logic is correct in the way of syntax and semantics rather than truth. Truth comes from deductive reasoning of said logic.
  • All Daleks are brown. Some brown things are Cylons. Therefore, some Daleks are Cylons. Sci-fi fan or not, you probably know that this is not true. The basic lesson here is that, while the logic above might seem valid because of the structure of the statement, it takes a further understanding to figure out why it’s not necessarily true: That is, based on the first two statements it’s possible that some Daleks are Cylons, but it’s not logically concludable. That’s where deductive reasoning comes on top of the logic. The underlying lesson here is not to immediately assume everything you read or are told is true, something all children need to and should learn.
  • anonymous on 10 Mar 11
     
    "As parents, we are tasked with instilling a plethora of different values into our children. While some parents in the world choose to instill a lack of values in their kids, those of us that don't want our children growing up to be criminals and various misfits try a bit harder. Values and morality are one piece of the pie. These are important things to mold into a child's mind, but there are also other items in life to focus on as well. It starts with looking both ways to cross the street and either progresses from there, or stops."
anonymous

How the internet is making us poor - Quartz - 2 views

qz.com/...how-the-internet-made-us-poor

technology unemployment computing

shared by anonymous on 27 Mar 13 - Cached
  • Sixty percent of the jobs in the US are information-processing jobs, notes Erik Brynjolfsson, co-author of a recent book about this disruption, Race Against the Machine. It’s safe to assume that almost all of these jobs are aided by machines that perform routine tasks. These machines make some workers more productive. They make others less essential.
  • The turn of the new millennium is when the automation of middle-class information processing tasks really got under way, according to an analysis by the Associated Press based on data from the Bureau of Labor Statistics. Between 2000 and 2010, the jobs of 1.1 million secretaries were eliminated, replaced by internet services that made everything from maintaining a calendar to planning trips easier than ever.
  • Economist Andrew McAfee, Brynjolfsson’s co-author, has called these displaced people “routine cognitive workers.” Technology, he says, is now smart enough to automate their often repetitive, programmatic tasks. ”We are in a desperate, serious competition with these machines,” concurs Larry Kotlikoff, a professor of economics at Boston University. “It seems like the machines are taking over all possible jobs.”
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  • In the early 1800′s, nine out of ten Americans worked in agriculture—now it’s around 2%. At its peak, about a third of the US population was employed in manufacturing—now it’s less than 10%. How many decades until the figures are similar for the information-processing tasks that typify rich countries’ post-industrial economies?
  • To see how the internet has disproportionately affected the jobs of people who process information, check out the gray bars dipping below the 0% line on the chart, below. (I’ve adapted this chart to show just the types of employment that lost jobs in the US during the great recession. Every other category continued to add jobs or was nearly flat.)
  • Here’s another clue about what’s been going on in the past ten years. “Return on capital” measures the return firms get when they spend money on capital goods like robots, factories, software—anything aside from people. (If this were a graph of return on people hired, it would be called “Return on labor”.)
  • Notice: the only industry where the return on capital is as great as manufacturing is “other industries”—a grab bag which includes all the service and information industries, as well as entertainment, health care and education. In short, you don’t have to be a tech company for investing in technology to be worthwhile.
  • For many years, the question of whether or not spending on information technology (IT) made companies more productive was highly controversial. Many studies found that IT spending either had no effect on productivity or was even counter-productive. But now a clear trend is emerging. More recent studies show that IT—and the organizational changes that go with it—are doing firms, especially multinationals (pdf), a great deal of good.
  • Winner-take-all and the power of capital to exacerbate inequality
  • One thing all our machines have accomplished, and especially the internet, is the ability to reproduce and distribute good work in record time. Barring market distortions like monopolies, the best software, media, business processes and, increasingly, hardware, can be copied and sold seemingly everywhere at once. This benefits “superstars”—the most skilled engineers or content creators. And it benefits the consumer, who can expect a higher average quality of goods.
  • But it can also exacerbate income inequality, says Brynjolfsson. This contributes to a phenomenon called “skill-biased technological [or technical] change.” “The idea is that technology in the past 30 years has tended to favor more skilled and educated workers versus less educated workers,” says Brynjolfsson. “It has been a complement for more skilled workers. It makes their labor more valuable. But for less skilled workers, it makes them less necessary—especially those who do routine, repetitive tasks.”
  • “Certainly the labor market has never been better for very highly-educated workers in the United States, and when I say never, I mean never,” MIT labor economist David Autor told American Public Media’s Marketplace.
  • The other winners in this scenario are anyone who owns capital.
  • As Paul Krugman wrote, “This is an old concern in economics; it’s “capital-biased technological change”, which tends to shift the distribution of income away from workers to the owners of capital.”
  • Computers are more disruptive than, say, the looms smashed by the Luddites, because they are “general-purpose technologies” noted Peter Linert, an economist at University of Californa-Davis.
  • “The spread of computers and the Internet will put jobs in two categories,” said Andreessen. “People who tell computers what to do, and people who are told by computers what to do.” It’s a glib remark—but increasingly true.
  • In March 2009, Amazon acquired Kiva Systems, a warehouse robotics and automation company. In partnership with a company called Quiet Logistics, Kiva’s combination of mobile shelving and robots has already automated a warehouse in Andover, Massachusetts.
  • This time it’s fasterHistory is littered with technological transitions. Many of them seemed at the time to threaten mass unemployment of one type of worker or another, whether it was buggy whip makers or, more recently, travel agents. But here’s what’s different about information-processing jobs: The takeover by technology is happening much faster.
  • From 2000 to 2007, in the years leading up to the great recession, GDP and productivity in the US grew faster than at any point since the 1960s, but job creation did not keep pace.
  • Brynjolfsson thinks he knows why: More and more people were doing work aided by software. And during the great recession, employment growth didn’t just slow. As we saw above, in both manufacturing and information processing, the economy shed jobs, even as employment in the service sector and professional fields remained flat.
  • Especially in the past ten years, economists have seen a reversal of what they call “the great compression“—that period from the second world war through the 1970s when, in the US at least, more people were crowded into the ranks of the middle class than ever before.
  • There are many reasons why the economy has reversed this “compression,” transforming into an “hourglass economy” with many fewer workers in the middle class and more at either the high or the low end of the income spectrum.
  • The hourglass represents an income distribution that has been more nearly the norm for most of the history of the US. That it’s coming back should worry anyone who believes that a healthy middle class is an inevitable outcome of economic progress, a mainstay of democracy and a healthy society, or a driver of further economic development.
    • anonymous
      anonymous on 27 Mar 13
       
      This is the meaty center. It's what I worry about. The "Middle Class" may just be an anomaly.
  • Indeed, some have argued that as technology aids the gutting of the middle class, it destroys the very market required to sustain it—that we’ll see “less of the type of innovation we associate with Steve Jobs, and more of the type you would find at Goldman Sachs.”
  • So how do we deal with this trend? The possible solutions to the problems of disruption by thinking machines are beyond the scope of this piece. As I’ve mentioned in other pieces published at Quartz, there are plenty of optimists ready to declare that the rise of the machines will ultimately enable higher standards of living, or at least forms of unemployment as foreign to us as “big data scientist” would be to a scribe of the 17th century.
  • But that’s only as long as you’re one of the ones telling machines what to do, not being told by them. And that will require self-teaching, creativity, entrepreneurialism and other traits that may or may not be latent in children, as well as retraining adults who aspire to middle class living. For now, sadly, your safest bet is to be a technologist and/or own capital, and use all this automation to grab a bigger-than-ever share of a pie that continues to expand.
  • anonymous on 27 Mar 13
     
    "Everyone knows the story of how robots replaced humans on the factory floor. But in the broader sweep of automation versus labor, a trend with far greater significance for the middle class-in rich countries, at any rate-has been relatively overlooked: the replacement of knowledge workers with software. One reason for the neglect is that this trend is at most thirty years old, and has become apparent in economic data only in perhaps the past ten years. The first all-in-one commercial microprocessor went on sale in 1971, and like all inventions, it took decades for it to become an ecosystem of technologies pervasive and powerful enough to have a measurable impact on the way we work."
anonymous

Jaron Lanier's Ignorance Of History, Basic Economics And Efficiency Is Getting Ridiculous - 1 views

www.techdirt.com/...cy-is-getting-ridiculous.shtml

shared by anonymous on 29 May 13 - Cached
  • The Kodak/Instagram comparison comes up over and over again, and it's moronic. It makes no sense. To demonstrate, let's take something else that's old and something else that's modern that sorta-kinda seems similar, and compare the two: Very, very, very few people make money "auctioning" goods via Christie's. Yet, a few years ago, eBay noted that 724,000 Americans made their primary or secondary incomes from eBay sales, with another 1.5 million supplementing their income. In the simplistic world of Jaron Lanier, this should be proof that eBay is good, and Christie's is bad, right? But, of course that's silly.
  • The fact that Instagram only employed a few people and Kodak employed a lot says nothing about the impact of technology on modern society or the economic status of the middle class.
  • First off, it didn't involve toxic chemicals that create massive amounts of waste and pollution. Second, because people don't have to buy expensive rolls of film to take pictures any more, they get to save money and put it to better use. Third, because we no longer have to worry about the expense of each photo, people are free to take many more photos and capture more memories and generally enjoy photography more. Fourth, because instagram makes the sharing of photos much easier, it enables much greater communication among family and friends, building stronger community bonds. I mean, you could go on and on and on.
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  • “At the height of its power, agriculture employed 90 percent of the population and produced output worth vastly more than half of U.S. GDP. It even invented countless plant hybrids and animal breeds. But today nearly all farms of the past have gone bankrupt (or, seeing the economic writing on the wall, were transformed to other uses). Agriculture today employs only about one percent of the workforce. Where did all those jobs disappear? And what happened to the wealth that all those good agricultural jobs created?”
  • Economic efficiency often shifts jobs around, but creates a much larger pie, which leads to new job creation. We can reasonably question whether the there are people who get left behind, or what kinds of skills are favored as industries become obsolete, but the idea that it destroys a middle class is just silly.
  • We kind of made a bargain, a social contract, in the 20th century that even if jobs were pleasant people could still get paid for them. Because otherwise we would have had a massive unemployment. And so to my mind, the right question to ask is, why are we abandoning that bargain that worked so well? When did "we" make this "bargain" and, honestly, what is he talking about? There was no such bargain made. Jobs have nothing to do with whether they are "pleasant." And we didn't create jobs to avoid unemployment. We created jobs because there was demand for work, meaning there was demand for products and services, just as there still is today.
  • New jobs were created because of demand, and because new technologies create efficiencies which create and enable new jobs. It has nothing to do with "decisions" being made or "social contracts." It has to do with efficiency and new things being enabled through innovation.
  • This is the broken window fallacy exploded exponentially for a digital era. It seems to assume that the only "payment" is monetary. That is, if you do something for free online -- share a video or a photo, like a link, listen to a song -- that you're somehow getting screwed because some company gets that info and you're not getting paid.
  • But that's ridiculous. The people are getting "paid" in the form of the benefit they get: free hosting and software for hosting/streaming videos and pictures, free ability to communicate easily with friends, access to music, etc. The list goes on and on, but Lanier seems to not understand the idea that there are non-monetary benefits, which is why various online services which he seems to hate are so popular.
    • anonymous
      anonymous on 29 May 13
       
      Whuffie!
  • A token few will find success on Kickstarter or YouTube, while overall wealth is ever more concentrated and social mobility rots. Social media sharers can make all the noise they want, but they forfeit the real wealth and clout needed to be politically powerful. Real wealth and clout instead concentrate ever more on the shrinking island occupied by elites who run the most powerful computers.
  • This is bullshit, plain and simple. Under the "old" system, you had a smaller "token few" who found success via getting a major label contract or having a publisher accept them into the club of published authors.
  • It's as if Lanier is talking about a mythical past that never existed to make some point about the future. But all of the evidence suggests that more people are now able to make use of these tools to create new incomes and new opportunities to make money, while in the past you had to wait for some gatekeeper.
  • Lanier, a beneficiary of the old gatekeepers, may like the old system, but he's confused about history, facts, reality and economics in making this ridiculous argument -- and it's a shame that those interviewing him or publishing his ridiculously misinformed screeds don't seem to ever challenge him on his claims.
    • anonymous
      anonymous on 29 May 13
       
      Given the Gladwellian attention he's getting, this would seem prudent. If there *is* something of value in there, let's use that wacky, radical tool: science - to figure it out. :)
  • anonymous on 29 May 13
     
    "So... we'd already taken a stab at debunking Jaron Lanier's "gobbledygook economics" a few weeks back when it started appearing, but since then there's been more Lanier everywhere (obviously, in coordination with his book release), and each time it seems more ridiculous than the last. Each time, the focus is on the following economically ridiculous concepts: (1) there should be micropayments for anyone doing anything free online because someone benefits somewhere (2) modern efficiency via technology has destroyed the middle class. Both of these claims make no sense at all. "
anonymous

Americans Want to Live in a Much More Equal Country (They Just Don't Realize It) - 0 views

www.theatlantic.com/...260639

shared by anonymous on 12 Sep 12 - Cached
  • The inequality of wealth and income in the U.S. has become an increasingly prevalent issue in recent years. One reason for this is that the visibility of this inequality has been increasing gradually for a long time--as society has become less segregated, people can now see more clearly how much other people make and consume.
  • imagine that we took all Americans and sorted them by wealth along a line with the poorest on the left and continuing as wealth increases until on the right we have the richest. Now, imagine that we divide them into five buckets with an equal number of citizens in each. The first bucket contains the poorest 20% of the population, the next contains the second wealthiest tier, and so on down to the wealthiest 20% (see Figure 1).
  • With this in mind, from the total pie of wealth (100%) what percent do you think the bottom 40% (that is, the first two buckets together) of Americans possess? And what about the top 20%? If you guessed around 9% for the bottom and 59% for the top, you're pretty much in line with the average response we got when we asked this question of thousands of Americans.
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  • The reality is quite different. Based on Wolff (2010), the bottom 40% of the population combined has only 0.3% of wealth while the top 20% possesses 84% (see Figure 2). These differences between levels of wealth in society comprise what's called the Gini coefficient, which is one way to quantify inequality.
  • When economists consider the desirable level of inequality, they usually define the ideal inequality from the perspective of economic efficiency: What level of inequality will motivate people to be the most productive and move up the wealth ladder? What level of inequality will allow those at the top to lift up society as a whole (say, by having the resources to invent new technologies)? What level of wealth will keep salaries low and competition high?
  • inequality is not just about economic efficiency. It's also about our day-to-day experience as citizens, the influence of envy, our social mobility, the importance of equal opportunity, our mutual dependency on each other, etc.
  • We took a step back and examined social inequality based on the definition that the philosopher John Rawls gave in his book A Theory of Justice. In Rawls' terms, a society is just if a person understands all the conditions within that society and is willing to enter it in a random place (in terms of socio-economic status, gender, race, and so on).
  • They could be among the poorest or the richest, or anywhere in between. Rawls called this idea the "veil of ignorance" because the decision of whether to enter a particular society is disconnected from the particular knowledge that the individual has about the level of wealth that he or she will have after making the decision.
  • we did two things.
  • First, we asked 5,522 people to create a distribution of wealth among the five buckets such that they themselves would be willing to enter that society at a random place.
  • What was particularly surprising about the results was that when we examined the ideal distributions for Republicans and Democrats, we found them to be quite similar (see Figure 4).
  • When we examined the results by other variables, including income and gender, we again found no appreciable differences. It seems that Americans -- regardless of political affiliation, income, and gender -- want the kind of wealth distribution shown in Figure 3, which is very different from what we have and from what we think we have (see Figure 2).
  • in another task, we made things simpler (see Figure 5) and asked people to choose between two unidentified distributions (again under the veil of ignorance). The first option, unbeknownst to participants, reflected the distribution of wealth in America. For the second option we modified the distribution found in Sweden, making it substantially more equal (we referred to this fictional nation as "Equalden").
  • We discovered that 92% of Americans preferred the distribution of "Equalden" to America's. And if one were to assume that the 8% who preferred America's distribution was made up of wealthy Republican men, he or she would be mistaken. The preference for "Equalden" was slightly different for Republicans and Democrats, and in the expected direction, but the magnitude was very small: 93.5% of Democrats and 90.2% of Republicans preferred the more equal distribution.
  • similarity across the political spectrum is far more substantial than the differences.
  • There are a few lessons that we can learn from this.
  • The first is that we vastly underestimate the level of inequality that we have in America.
  • Second, we want much more equality than both what we have and what we think we have.
  • when asked in a way that avoids hot-button terms, misconceptions, and the level of wealth people currently possess, Americans are actually in agreement about wanting a more equal distribution of wealth.
  • In fact, the vast majority of Americans prefer a distribution of wealth more equal than what exists in Sweden, which is often placed rhetorically at the extreme far left in terms of political ideology
  • A third lesson concerns the political gap between Democrats and Republicans
  • how is it possible that we found so little difference between them in our study?
  • One reason for this could be our inability to separate our ideology from our current state of wealth.
  • Another reason could be politicians, who, in order to rally people to their side, try to generate feelings of greater difference and opposition--and therefore conflict--than actually exist.
  • The veil of ignorance accomplishes something similar to blind taste testing.
  • when we express opinions about politics and life in general, we can't help but be influenced by our own varying degrees wealth and ignorance of others' lives. The veil of ignorance works to separate our core beliefs from the biases and prejudices we develop over time and through the subjective experience of being part of a certain class and demographic.
  • It is one thing to get people to tell us what kind of society the would want to join, and another to get them part with their money in order to create that society.
  • Social justice and optimal wealth distribution are highly complex topics, and it's hard to imagine that any study could dramatically change opinions about education, welfare, or tax reform. But consider this. When we ran the same basic experiment in Australia, we found Australians did not differ much from Americans in their views of the ideal distribution. When we ran another version of it with NPR listeners, and then readers of Forbes Magazine, the results were still basically the same. And most likely, if you participated in one of our tests, your response too would have fallen in line with these findings.
  • anonymous on 12 Sep 12
     
    "We asked thousands of people to describe their ideal distribution of wealth, from top to bottom. The vast majority -- rich, poor, GOP and Democrat -- imagined a far more equal nation. Here's why it matters."
anonymous

The history of inequality (by Peter Turchin) - 0 views

www.aeonmagazine.com/...peter-turchin-wealth-poverty

shared by anonymous on 21 Nov 13 - No Cached
  • Today, the top one per cent of incomes in the United States accounts for one fifth of US earnings. The top one per cent of fortunes holds two-fifths of the total wealth.
  • As the Congressional Budget Office concluded in 2011: ‘the precise reasons for the rapid growth in income at the top are not well understood’.
  • In his book Wealth and Democracy (2002), Kevin Phillips came up with a useful way of thinking about the changing patterns of wealth inequality in the US.
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  • He looked at the net wealth of the nation’s median household and compared it with the size of the largest fortune in the US. The ratio of the two figures provided a rough measure of wealth inequality, and that’s what he tracked, touching down every decade or so from the turn of the 19th century all the way to the present.
  • We found repeated back-and-forth swings in demographic, economic, social, and political structures
  • From 1800 to the 1920s, inequality increased more than a hundredfold.
  • Then came the reversal: from the 1920s to 1980, it shrank back to levels not seen since the mid-19th century.
  • From 1980 to the present, the wealth gap has been on another steep, if erratic, rise. Commentators have called the period from 1920s to 1970s the ‘great compression’. The past 30 years are known as the ‘great divergence’.
    • anonymous
      anonymous on 21 Nov 13
       
      I'd like to pull this citation and superimpose another period-chart onto my timeline.
  • when looked at over a long period, the development of wealth inequality in the US appears to be cyclical. And if it’s cyclical, we can predict what happens next.
  • Does observing just one and a half cycles really show that there is a regular pattern in the dynamics of inequality? No, by itself it doesn’t.
  • In our book Secular Cycles (2009), Sergey Nefedov and I applied the Phillips approach to England, France and Russia throughout both the medieval and early modern periods, and also to ancient Rome.
  • And the cycles of inequality were an integral part of the overall motion.
  • Cycles in the real world are chaotic, because complex systems such as human societies have many parts that are constantly moving and influencing each other.
  • Understanding (and perhaps even forecasting) such trend-reversals is at the core of the new discipline of cliodynamics, which looks at history through the lens of mathematical modelling.
    • anonymous
      anonymous on 21 Nov 13
       
      Cliodynamics - Another thing to learn a bit more about.
  • First, we need to think about jobs.
  • One of the most important forces affecting the labour supply in the US has been immigration
  • it turns out that immigration, as measured by the proportion of the population who were born abroad, has changed in a cyclical manner just like inequality.
  • Another reason why the labour supply in the US went up in the 19th century is, not to put too fine a point on it, sex.
  • This connection between the oversupply of labour and plummeting living standards for the poor is one of the more robust generalisations in history.
  • The population of England doubled between 1150 and 1300.
  • causing the population of London to balloon from 20,000 to 80,000.
  • fourfold increase in food prices and a halving of real wages.
  • when a series of horrible epidemics, starting with the Black Death of 1348, carried away more than half of the population, the same dynamic ran in reverse.
  • The tug of war between the top and typical incomes doesn’t have to be a zero-sum game, but in practice it often is
  • Much the same pattern can be seen during the secular cycle of the Roman Principate.
  • Naturally, the conditions affecting the labour supply were different in the second half of the 20th century in the US. An important new element was globalisation
  • an oversupply of labour tends to depress wages for the poorer section of the population. And just as in Roman Egypt, the poor in the US today eat more energy-dense foods — bread, pasta, and potatoes — while the wealthy eat more fruit and drink wine.
  • Falling wages isn’t the only reason why labour oversupply leads to inequality. As the slice of the economic pie going to employees diminishes, the share going to employers goes up.
  • And so in 13th-century England, as the overall population doubles, we find landowners charging peasants higher rents and paying less in wages: the immiseration of the general populace translates into a Golden Age for the aristocrats.
  • the number of knights and esquires tripled between 1200 and 1300.
  • Only the gentry drank wine, and around 1300, England imported 20,000 tuns or casks of it from France per year. By 1460, this declined to only 5,000.
  • In the US between around 1870 and 1900, there was another Golden Age for the elites, appropriately called the Gilded Age.
  • And just like in 13th-century England, the total number of the wealthy was shooting up. Between 1825 and 1900, the number of millionaires (in constant 1900 dollars) went from 2.5 per million of the population to 19 per million.
  • In our current cycle, the proportion of decamillionaires (those whose net worth exceeds 10 million in 1995 dollars) grew tenfold between 1992 and 2007 — from 0.04 to 0.4 per cent of the US population.
  • On the face of it, this is a wonderful testament to merit-based upward mobility. But there are side effects. Don’t forget that most people are stuck with stagnant or falling real wages. Upward mobility for a few hollows out the middle class and causes the social pyramid to become top-heavy.
  • As the ranks of the wealthy swell, so too do the numbers of wealthy aspirants for the finite supply of political positions.
  • The civil wars of the first century BC, fuelled by a surplus of politically ambitious aristocrats, ultimately caused the fall of the Republic and the establishment of the Empire.
  • So far I have been talking about the elites as if they are all the same. But they aren’t: the differences within the wealthiest one per cent are almost as stark as the difference between the top one per cent and the remaining 99.
  • very intense status rivalry
  • Archaeology confirms a genuine and dramatic shift towards luxury.
  • Social Darwinism took off during the original Gilded Age, and Ayn Rand (who argued that altruism is evil) has grown astonishingly popular during what we might call our Second Gilded Age.
  • Twilight of the Elites (2012): ‘defenders of the status quo invoke a kind of neo-Calvinist logic by saying that those at the top, by virtue of their placement there, must be the most deserving’. By the same reasoning, those at the bottom are not deserving. As such social norms spread, it becomes increasingly easy for CEOs to justify giving themselves huge bonuses while cutting the wages of workers.
  • Labour markets are especially sensitive to cultural norms about what is fair compensation, so prevailing theories about inequality have practical consequences.
  • the US political system is much more attuned to the wishes of the rich than to the aspirations of the poor.
  • Inverse relationship between well-being and inequality in American history. The peaks and valleys of inequality (in purple) represent the ratio of the largest fortunes to the median wealth of households (the Phillips curve). The blue-shaded curve combines four measures of well-being: economic (the fraction of economic growth that is paid to workers as wages), health (life expectancy and the average height of native-born population), and social optimism (the average age of first marriage, with early marriages indicating social optimism and delayed marriages indicating social pessimism).
  • In some historical periods it worked primarily for the benefit of the wealthy. In others, it pursued policies that benefited the society as a whole. Take the minimum wage, which grew during the Great Compression era and declined (in real terms) after 1980.
  • The top marginal tax rate was 68 per cent or higher before 1980; by 1988 it declined to 28 per cent.
  • In one era, government policy systematically favoured the majority, while in another it favoured the narrow interests of the wealthy elites. This inconsistency calls for explanation.
  • How, though, can we account for the much more broadly inclusive policies of the Great Compression era? And what caused the reversal that ended the Gilded Age and ushered in the Great Compression? Or the second switch, which took place around 1980?
  • Unequal societies generally turn a corner once they have passed through a long spell of political instability.
  • We see this shift in the social mood repeatedly throughout history — towards the end of the Roman civil wars (first century BC), following the English Wars of the Roses (1455-85), and after the Fronde (1648-53), the final great outbreak of violence that had been convulsing France since the Wars of Religion began in the late 16th century.
  • Put simply, it is fear of revolution that restores equality. And my analysis of US history in a forthcoming book suggests that this is precisely what happened in the US around 1920.
  • The worst incident in US labour history was the West Virginia Mine War of 1920—21, culminating in the Battle of Blair Mountain.
  • Although it started as a workers’ dispute, the Mine War eventually turned into the largest armed insurrection that the US has ever seen, the Civil War excepted. Between 10,000 and 15,000 miners armed with rifles battled against thousands of strikebreakers and sheriff deputies.
  • Quantitative data indicate that this period was the most violent in US history, second only to the Civil War. It was much, much worse than the 1960s.
  • The US, in short, was in a revolutionary situation, and many among the political and business elites realised it.
  • The US elites entered into an unwritten compact with the working classes. This implicit contract included the promise that the fruits of economic growth would be distributed more equitably among both workers and owners. In return, the fundamentals of the political-economic system would not be challenged (no revolution).
  • The deal allowed the lower and upper classes to co-operate in solving the challenges facing the American Republic — overcoming the Great Depression, winning the Second World War, and countering the Soviet threat during the Cold War.
  • while making such ‘categorical inequalities’ worse, the compact led to a dramatic reduction in overall economic inequality.
  • The co-operating group was mainly native-born white Protestants. African-Americans, Jews, Catholics and foreigners were excluded or heavily discriminated against.
  • When Barry Goldwater campaigned on a pro-business, anti-union and anti-big government platform in the 1964 presidential elections, he couldn’t win any lasting support from the corporate community. The conservatives had to wait another 16 years for their triumph.
  • But by the late 1970s, a new generation of political and business leaders had come to power. To them the revolutionary situation of 1919-21 was just history. In this they were similar to the French aristocrats on the eve of the French Revolution, who did not see that their actions could bring down the Ancien Régime — the last great social breakdown, the Fronde, being so far in the past.
    • anonymous
      anonymous on 21 Nov 13
       
      This heavily mirrors many aspects of Strauss & Howe's observations. Namely that generational cohorts roughly conform to archetypes precisely *because* memory of prior situations moves from accessible-memory (in those who have it) to history/myth once those who remember it have died.
  • It is no coincidence that the life of Communism (from the October Revolution in Russia in 1917 to the fall of the Berlin Wall in 1989) coincides almost perfectly with the Great Compression era.
  • when Communism collapsed, its significance was seriously misread. It’s true that the Soviet economy could not compete with a system based on free markets plus policies and norms that promoted equity.
  • Yet the fall of the Soviet Union was interpreted as a vindication of free markets, period. The triumphalist, heady atmosphere of the 1990s was highly conducive to the spread of Ayn Randism and other individualist ideologies. The unwritten social contract that had emerged during the New Deal and braved the challenges of the Second World War had faded from memory.
  • all of these trends are part of a complex and interlocking system. I don’t just mean that everything affects everything else; that would be vacuous.
  • Rather, that cliodynamic theory can tell us specifically how demographic, economic and cultural variables relate to one another, and how their interactions generate social change.
  • Cliodynamics also explains why historical reversals in such diverse areas as economics and culture happen at roughly similar times. The theory of secular cycles was developed using data from historical societies, but it looks like it can provide answers to questions about our own society.
  • Three years ago I published a short article in the science journal Nature. I pointed out that several leading indicators of political instability look set to peak around 2020.
    • anonymous
      anonymous on 21 Nov 13
       
      2020-2025 is a date-range that continues to pop up in my forecasting readings - and from quite a variety of sources.
  • In other words, we are rapidly approaching a historical cusp, at which the US will be particularly vulnerable to violent upheaval. This prediction is not a ‘prophecy’. I don’t believe that disaster is pre-ordained, no matter what we do. On the contrary, if we understand the causes, we have a chance to prevent it from happening. But the first thing we will have to do is reverse the trend of ever-growing inequality.
  • anonymous on 21 Nov 13
     
    "After thousands of scholarly and popular articles on the topic, one might think we would have a pretty good idea why the richest people in the US are pulling away from the rest. But it seems we don't. As the Congressional Budget Office concluded in 2011: 'the precise reasons for the rapid growth in income at the top are not well understood'. Some commentators point to economic factors, some to politics, and others again to culture. Yet obviously enough, all these factors must interact in complex ways. What is slightly less obvious is how a very long historical perspective can help us to see the whole mechanism."
anonymous

Next Steps for Iraq and Afghanistan - 0 views

www.stratfor.com/...trategies-iraq-and-afghanistan

geopolitics stratfor

shared by anonymous on 15 Dec 10 - Cached
  • While Afghanistan is likely to continue along its current path, the fate of Iraq hangs in the balance.
  • the troops committed to the war in Afghanistan and the strategy that guides their deployment do not appear set to shift meaningfully in the year ahead.
  • the Afghan war is increasingly looking like a known quantity, even if it is an active war zone.
  • ...2 more annotations...
  • In a very real sense, this centuries-old ethno-sectarian struggle is barely contained inside political process. The struggle has not gone away; it has merely moved from one arena — the formation of a coalition and the distribution of power, ministry by ministry — to another: the powers that are and are not assigned to the NCSP, and the means provided to the NCSP to wield and protect those powers.
  • In Iraq, despite the outward appearance of peace, the country remains on the brink. And to understand that, the two issues at the forefront of our mind are 1) the mechanisms that the Sunni will accept as sufficient to wield and defend their share of the political pie, and 2) the understandings — or lack thereof —between Washington and Tehran about what happens next in Baghdad.
  • anonymous on 15 Dec 10
     
    "With Iraqi Prime Minister Nouri al-Maliki and al-Iraqiya List leader Iyad Allawi meeting in Baghdad Tuesday night, a governing coalition appears near. And with a review of the efficacy of the counterinsurgency-focused strategy in Afghanistan due to the White House before the end of the week, the Iraqi question appears to be settling out while Afghanistan remains as unsettled as ever. But in looking at the months ahead, the reverse is also true: While Afghanistan is likely to continue along its current path, the fate of Iraq hangs in the balance."
anonymous

The Debt Ceiling Deal: The Case for Caving (Part 2) - 0 views

www.businessweek.com/...or-caving-08032011_page_2.html

gametheory economics u.s. politics

shared by anonymous on 09 Aug 11 - No Cached
  • Game theorists distinguish between “cooperative” and “noncooperative” games.
  • A cooperative game looks to divide a pie in a way that leaves both sides with trust in the process.
  • The object of the game, as each leader described it, was about how best to divide the pain of closing the deficit, in the same way a family sits down to a pile of bills on the kitchen table.
  • ...10 more annotations...
  • The two parties in Washington pretended to be playing a cooperative game this summer.
  • The President’s bipartisan commission on deficit reduction, set up late last year and chaired by Democrat Erskine Bowles and Republican Alan Simpson, also played a cooperative game.
  • A noncooperative game lacks a higher authority to impose agreements on both sides.
  • In Washington, no politician is bound to reach a compromise to solve any long-term problem. Everyone, however, is playing a game called “election,” and the only possible goal in that game is to win the next one.
  • If you hear someone in Congress say, “Senator X is just playing politics,” a perfectly legitimate response is, “She has to. Those are the rules of the Constitution.”
  • Anyone who promises to fix or change Washington is merely attempting to impose a cooperative game on a town that, by design, can’t play one.
  • A game theorist would say that the President is trying to play a cooperative game in a town that can’t play along with him. The trouble for the White House is that the Republicans aren’t playing a game called “fix the budget deficit.” They’re necessarily playing one called “defeat Barack Obama.” A reasonable offer seldom works in a divorce; there’s no reason to expect it would in Congress.
  • Obama and the House Republicans, says Steven Brams, were playing chicken this summer, a noncooperative, non-zero-sum game in which both players can lose.
  • Brams argues that there’s no value in trying to determine whether anger is real or feigned; it has the same effect either way.
  • frustration can actually turn a noncooperative game cooperative
  • anonymous on 09 Aug 11
     
    Part two of the article, because there isn't a 'single page' option. Booo.
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