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anonymous

The Current Rage In Branding: Fake Authenticity Is Now A-Okay - 0 views

  • Freemans is a pioneer in a trend that we have seen happening for a while now, striving for a sort of refined, woolly, arts-and-craftsy, anachronistic Americana feeling.
  • The common denominator in this trend seems to be a yearning for the “authentic.” Interestingly, things don’t need to actually be authentic as long as they feel authentic.
  • Perhaps a postmodernist would call this inauthentic authenticity.
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  • However, there are some interesting lessons to be learnt from J. Crew; they have managed to harness the trend and take inauthentic authenticity to the next level, to mainstream America. The narrative they put forth for men in catalogues and advertising is a composite of the following: • outdoorsy, classical, New England, early ’60s collegiate • oaky, duck hunting, landed gentry, sheep dog • waxed mustache, axe-yielding, self-sufficient, eccentric woodsman
  • The common denominator is, of course, authenticity and nostalgia for a time when things were “real.”
  • We are indeed living in an interesting age when it is socially accepted, even prestigious, to fake an authentic experience. We have come a long way from frowning at the Italian pavilion at Epcot center with all its fake kitsch. Today’s simulacra are tasteful and only kitsch as an ironic statement.
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    FAKING AN AUTHENTIC EXPERIENCE IS NOW LAUDED, AND COMPANIES SUCH AS J. CREW ARE EXPLOITING THE TREND, WRITES MICHAEL RAISANEN.
anonymous

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

  • 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
       
      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.
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    "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

I Got No Ecommerce. How Do I Measure Success? - Occam's Razor by Avinash Kaushik - 0 views

  • My recommendation: Measure the four metrics that are under the "Visitor Loyalty" button in Google Analytics (or in your favorite web analytics application). Loyalty, Recency, Length of Visit, Depth of Visit.
  • The goal is to use web analytics data to interpret success of a visit to your website.
  • There is one singular reason I loved 'em: they showed distribution and not simply averages for each of the metric!
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  • Visitor Loyalty: During the reporting time period how often do "people" ("visitors") visit my website?
  • The number you are used to seeing is "average visits per visitor". That is usually one point something. It hides the truth.
  • For example you update your website ten times each month. If you have 100% loyal visitor base then they should be visiting your website ten times each month. Are they? What's your number? Is it going up over time?
  • Action: 1) Identify a goal for your non-ecommerce website for the # of visits you expect from the traffic to your website in a given time period (say week, month etc). 2) Measure reality using above report. 3) Compare your performance over time to ensure you are making progress, or potentially not as in my case…
  • Recency: How long has it been since a visitor last visited your website? Sounds confusing? Don't worry it is cool (it even has a psychedelic border! :)……
  • As would be the case for a jobs site. Or craigslist. Or any website that wants lots lots of repeat visits. Using this simple report you can now see how you are doing when it comes to the distribution of visitors in terms of their propensity to visit your site.
  • Length of Visit: During the reporting period what is the quality of visit as represented by length of a visitor session in seconds.
  • But it has always been frustrating to me how hard it is to get away from the average and measure the distribution of the visits to check if the average time on site is 50 seconds because one person visited for one second and the other person for 100 seconds. The average hides so much. Here's a better alternative……
  • Ain't that better? I think so. So many things jump out at me, but notice that either I lose 'em right away or if some how I can suck them in for one minute then they tend to stay for a long time. Hurray! I have a better idea of how to interact with my visitors.
  • 1) Identify what the distribution is for your website for length of visits. 2) Think of creative ways to engage traffic – what can I do to keep you for sixty seconds because after that you are mine! 3) Should I start charging more for ads on my site – if I have 'em – after 60 seconds? 4) If you are a support website then should you be embarrassed if 20% of your audience was on the site for more than ten minutes!
  • Depth of Visit: During a given time period what is the distribution of number of pages in each visit to the website.
  • You are used to seeing average page views per visitors, above is something that is a lot more helpful. I was also able to get this exact metric from my indextools implementation…..
  • Action: There has been so much said about this already so I'll spare your the pain. You can easily imagine how wonderful and fantastic this data is as you go about analyzing experience of your customers (and so much more powerful, a million times more, than average page views per visitor!).
  • Recommendations for all of the above metrics:
  • Socialize them to your key stake holders and decision makers to make the realize what is really happening on your website.
  • Absolutely positively work with your leadership to create goals and then measure against goals over time
  • Segment the data! For Visitor Loyalty or Length of Visit what are the most important acquisition sources? What are the keywords that drive valuable segments of traffic to the website?
  • Segmentation is key to insights that will drive action.
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    "A vast majority of discourse in the web analytics world is about orders and conversions and revenue. There is not enough of it about non-ecommerce websites, metrics and KPI's."  - Occam's Razor by Avinash Kaushik
anonymous

The Inequality That Matters - 1 views

  • there’s more confusion about this issue than just about any other in contemporary American political discourse.
  • The reality is that most of the worries about income inequality are bogus, but some are probably better grounded and even more serious than even many of their heralds realize. If our economic churn is bound to throw off political sparks, whether alarums about plutocracy or something else, we owe it to ourselves to seek out an accurate picture of what is really going on.
  • Let’s start with the subset of worries about inequality that are significantly overblown.
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  • Most analyses of income inequality neglect two major points.
  • First, the inequality of personal well-being is sharply down over the past hundred years and perhaps over the past twenty years as well.
  • by broad historical standards, what I share with Bill Gates is far more significant than what I don’t share with him.
  • Compare these circumstances to those of 1911, a century ago. Even in the wealthier countries, the average person had little formal education, worked six days a week or more, often at hard physical labor, never took vacations, and could not access most of the world’s culture.
  • when average people read about or see income inequality, they don’t feel the moral outrage that radiates from the more passionate egalitarian quarters of society. Instead, they think their lives are pretty good and that they either earned through hard work or lucked into a healthy share of the American dream.
  • In narrowly self-interested terms, that view may be irrational, but most Americans are unwilling to frame national issues in terms of rich versus poor.
  • There’s a great deal of hostility toward various government bailouts, but the idea of “undeserving” recipients is the key factor in those feelings. Resentment against Wall Street gamesters hasn’t spilled over much into resentment against the wealthy more generally.
  • their constituents bear no animus toward rich people, only toward undeservedly rich people.
    • anonymous
       
      Which is how the policy can be reframed to the benefit of those that understand this more cleanly.
  • in the United States, most economic resentment is not directed toward billionaires or high-roller financiers—not even corrupt ones. It’s directed at the guy down the hall who got a bigger raise.
    • anonymous
       
      Provincialism!
  • The high status of the wealthy in America, or for that matter the high status of celebrities, seems to bother our intellectual class most. That class composes a very small group, however
  • All that said, income inequality does matter—for both politics and the economy.
  • To see how, we must distinguish between inequality itself and what causes it. But first let’s review the trends in more detail.
  • Income inequality has been rising in the United States, especially at the very top.
  • The data show a big difference between two quite separate issues
  • income growth at the very top
  • greater inequality throughout the distribution
  • When it comes to the first trend, the share of pre-tax income earned by the richest 1 percent of earners has increased from about 8 percent in 1974 to more than 18 percent in 2007. Furthermore, the richest 0.01 percent (the 15,000 or so richest families) had a share of less than 1 percent in 1974 but more than 6 percent of national income in 2007. As noted, those figures are from pre-tax income, so don’t look to the George W. Bush tax cuts to explain the pattern. Furthermore, these gains have been sustained and have evolved over many years, rather than coming in one or two small bursts between 1974 and today.1
  • Caution is in order, but the overall trend seems robust. Similar broad patterns are indicated by different sources, such as studies of executive compensation. Anecdotal observation suggests extreme and unprecedented returns earned by investment bankers, fired CEOs, J.K. Rowling and Tiger Woods.
  • At the same time, wage growth for the median earner has slowed since 1973.
  • But that slower wage growth has afflicted large numbers of Americans, and it is conceptually distinct from the higher relative share of top income earners. For instance, if you take the 1979–2005 period, the average incomes of the bottom fifth of households increased only 6 percent while the incomes of the middle quintile rose by 21 percent. That’s a widening of the spread of incomes, but it’s not so drastic compared to the explosive gains at the very top.
  • The broader change in income distribution, the one occurring beneath the very top earners, can be deconstructed in a manner that makes nearly all of it look harmless. For instance, there is usually greater inequality of income among both older people and the more highly educated, if only because there is more time and more room for fortunes to vary.
  • Since America is becoming both older and more highly educated, our measured income inequality will increase pretty much by demographic fiat.
  • Economist Thomas Lemieux at the University of British Columbia estimates that these demographic effects explain three-quarters of the observed rise in income inequality for men, and even more for women.2
  • Attacking the problem from a different angle, other economists are challenging whether there is much growth in inequality at all below the super-rich. For instance, real incomes are measured using a common price index, yet poorer people are more likely to shop at discount outlets like Wal-Mart, which have seen big price drops over the past twenty years.3 Once we take this behavior into account, it is unclear whether the real income gaps between the poor and middle class have been widening much at all.
  • And so we come again to the gains of the top earners, clearly the big story told by the data.
  • It’s worth noting that over this same period of time, inequality of work hours increased too. The top earners worked a lot more and most other Americans worked somewhat less. That’s another reason why high earners don’t occasion more resentment: Many people understand how hard they have to work to get there.
  • A threshold earner is someone who seeks to earn a certain amount of money and no more.
  • If wages go up, that person will respond by seeking less work or by working less hard or less often. That person simply wants to “get by” in terms of absolute earning power in order to experience other gains in the form of leisure—whether spending time with friends and family, walking in the woods and so on. Luck aside, that person’s income will never rise much above the threshold.
  • It’s not obvious what causes the percentage of threshold earners to rise or fall, but it seems reasonable to suppose that the more single-occupancy households there are, the more threshold earners there will be, since a major incentive for earning money is to use it to take care of other people with whom one lives.
  • For a variety of reasons, single-occupancy households in the United States are at an all-time high.
  • The funny thing is this: For years, many cultural critics in and of the United States have been telling us that Americans should behave more like threshold earners. We should be less harried, more interested in nurturing friendships, and more interested in the non-commercial sphere of life. That may well be good advice.
  • Many studies suggest that above a certain level more money brings only marginal increments of happiness.
  • What isn’t so widely advertised is that those same critics have basically been telling us, without realizing it, that we should be acting in such a manner as to increase measured income inequality.
  • Why is the top 1 percent doing so well?
  • Their data do not comprise the entire U.S. population, but from partial financial records they find a very strong role for the financial sector in driving the trend toward income concentration at the top.
  • The number of Wall Street investors earning more than $100 million a year was nine times higher than the public company executives earning that amount.
  • The authors also relate that they shared their estimates with a former U.S. Secretary of the Treasury, one who also has a Wall Street background. He thought their estimates of earnings in the financial sector were, if anything, understated.
  • Many of the other high earners are also connected to finance.
  • After Wall Street, Kaplan and Rauh identify the legal sector as a contributor to the growing spread in earnings at the top.
  • Finance aside, there isn’t much of a story of market failure here, even if we don’t find the results aesthetically appealing.
  • When it comes to professional athletes and celebrities, there isn’t much of a mystery as to what has happened.
  • There is more purchasing power to spend on children’s books and, indeed, on culture and celebrities more generally. For high-earning celebrities, hardly anyone finds these earnings so morally objectionable as to suggest that they be politically actionable.
  • We may or may not wish to tax the wealthy, including wealthy celebrities, at higher rates, but there is no need to “cure” the structural causes of higher celebrity incomes.
  • If we are looking for objectionable problems in the top 1 percent of income earners, much of it boils down to finance and activities related to financial markets. And to be sure, the high incomes in finance should give us all pause.
  • some investors opt for a strategy of betting against big, unexpected moves in market prices.
  • Most of the time investors will do well by this strategy, since big, unexpected moves are outliers by definition. Traders will earn above-average returns in good times. In bad times they won’t suffer fully when catastrophic returns come in, as sooner or later is bound to happen, because the downside of these bets is partly socialized onto the Treasury, the Federal Reserve and, of course, the taxpayers and the unemployed.
  • To understand how this strategy works, consider an example from sports betting.
  • if you bet against unlikely events, most of the time you will look smart and have the money to validate the appearance. Periodically, however, you will look very bad
  • Does that kind of pattern sound familiar? It happens in finance, too. Betting against a big decline in home prices is analogous to betting against the Wizards. Every now and then such a bet will blow up in your face, though in most years that trading activity will generate above-average profits and big bonuses for the traders and CEOs. To this mix we can add the fact that many money managers are investing other people’s money.
  • If you plan to stay with an investment bank for ten years or less, most of the people playing this investing strategy will make out very well most of the time. Everyone’s time horizon is a bit limited and you will bring in some nice years of extra returns and reap nice bonuses.
  • And let’s say the whole thing does blow up in your face? What’s the worst that can happen? Your bosses fire you, but you will still have millions in the bank and that MBA from Harvard or Wharton.
  • For the people actually investing the money, there’s barely any downside risk other than having to quit the party early.
  • Moreover, smart shareholders will acquiesce to or even encourage these gambles.
  • They gain on the upside, while the downside, past the point of bankruptcy, is borne by the firm’s creditors.
  • Perhaps more important, government bailouts minimize the damage to creditors on the downside.
  • Neither the Treasury nor the Fed allowed creditors to take any losses from the collapse of the major banks during the financial crisis. The U.S. government guaranteed these loans, either explicitly or implicitly.
  • For better or worse, we’re handing out free options on recovery, and that encourages banks to take more risk in the first place.
  • In short, there is an unholy dynamic of short-term trading and investing, backed up by bailouts and risk reduction from the government and the Federal Reserve. This is not good.
  • But more immediate and more important, it means that banks take far too many risks and go way out on a limb, often in correlated fashion. When their bets turn sour, as they did in 2007–09, everyone else pays the price.
  • And it’s not just the taxpayer cost of the bailout that stings. The financial disruption ends up throwing a lot of people out of work down the economic food chain, often for long periods.
  • In essence, we’re allowing banks to earn their way back by arbitraging interest rate spreads against the U.S. government. This is rarely called a bailout and it doesn’t count as a normal budget item, but it is a bailout nonetheless. This type of implicit bailout brings high social costs by slowing down economic recovery (the interest rate spreads require tight monetary policy) and by redistributing income from the Treasury to the major banks.
  • The more one studies financial theory, the more one realizes how many different ways there are to construct a “going short on volatility” investment position.
  • In some cases, traders may not even know they are going short on volatility. They just do what they have seen others do. Their peers who try such strategies very often have Jaguars and homes in the Hamptons. What’s not to like?
  • The upshot of all this for our purposes is that the “going short on volatility” strategy increases income inequality.
  • In normal years the financial sector is flush with cash and high earnings. In implosion years a lot of the losses are borne by other sectors of society. In other words, financial crisis begets income inequality. Despite being conceptually distinct phenomena, the political economy of income inequality is, in part, the political economy of finance.
  • If you’re wondering, right before the Great Depression of the 1930s, bank profits and finance-related earnings were also especially high.8
  • There’s a second reason why the financial sector abets income inequality: the “moving first” issue.
  • The moving-first phenomenon sums to a “winner-take-all” market. Only some relatively small number of traders, sometimes just one trader, can be first. Those who are first will make far more than those who are fourth or fifth.
  • Since gains are concentrated among the early winners, and the closeness of the runner-ups doesn’t so much matter for income distribution, asset-market trading thus encourages the ongoing concentration of wealth. Many investors make lots of mistakes and lose their money, but each year brings a new bunch of projects that can turn the early investors and traders into very wealthy individuals.
  • These two features of the problem—“going short on volatility” and “getting there first”—are related.
  • Still, every now and then Goldman will go bust, or would go bust if not for government bailouts. But the odds are in any given year that it won’t because of the advantages it and other big banks have.
  • It’s as if the major banks have tapped a hole in the social till and they are drinking from it with a straw.
  • In any given year, this practice may seem tolerable—didn’t the bank earn the money fair and square by a series of fairly normal looking trades?
  • Yet over time this situation will corrode productivity, because what the banks do bears almost no resemblance to a process of getting capital into the hands of those who can make most efficient use of it.
  • And it leads to periodic financial explosions. That, in short, is the real problem of income inequality we face today. It’s what causes the inequality at the very top of the earning pyramid that has dangerous implications for the economy as a whole.
  • A key lesson to take from all of this is that simply railing against income inequality doesn’t get us very far.
  • We have to find a way to prevent or limit major banks from repeatedly going short on volatility at social expense. No one has figured out how to do that yet.
  • It remains to be seen whether the new financial regulation bill signed into law this past summer will help.
  • The bill does have positive features.
  • First, it forces banks to put up more of their own capital, and thus shareholders will have more skin in the game, inducing them to curtail their risky investments.
  • Second, it also limits the trading activities of banks, although to a currently undetermined extent (many key decisions were kicked into the hands of future regulators).
  • Third, the new “resolution authority” allows financial regulators to impose selective losses, for instance, to punish bondholders if they wish.
  • We’ll see if these reforms constrain excess risk-taking in the long run. There are reasons for skepticism.
  • Most of all, the required capital cushions simply aren’t that high, so a big enough bet against unexpected outcomes still will yield more financial upside than downside
  • What about controlling bank risk-taking directly with tight government oversight? That is not practical. There are more ways for banks to take risks than even knowledgeable regulators can possibly control
  • It’s also not clear how well regulators can identify risky assets.
  • Some of the worst excesses of the financial crisis were grounded in mortgage-backed assets—a very traditional function of banks—not exotic derivatives trading strategies.
  • Virtually any asset position can be used to bet long odds, one way or another. It is naive to think that underpaid, undertrained regulators can keep up with financial traders, especially when the latter stand to earn billions by circumventing the intent of regulations while remaining within the letter of the law.
  • For the time being, we need to accept the possibility that the financial sector has learned how to game the American (and UK-based) system of state capitalism.
  • It’s no longer obvious that the system is stable at a macro level, and extreme income inequality at the top has been one result of that imbalance. Income inequality is a symptom, however, rather than a cause of the real problem.
  • The root cause of income inequality, viewed in the most general terms, is extreme human ingenuity, albeit of a perverse kind. That is why it is so hard to control.
  • Another root cause of growing inequality is that the modern world, by so limiting our downside risk, makes extreme risk-taking all too comfortable and easy.
  • More risk-taking will mean more inequality, sooner or later, because winners always emerge from risk-taking.
  • Yet bankers who take bad risks (provided those risks are legal) simply do not end up with bad outcomes in any absolute sense.
  • We’re not going to bring back torture, trial by ordeal or debtors’ prisons, nor should we. Yet the threat of impoverishment and disgrace no longer looms the way it once did, so we no longer can constrain excess financial risk-taking. It’s too soft and cushy a world.
  • That’s an underappreciated way to think about our modern, wealthy economy: Smart people have greater reach than ever before, and nothing really can go so wrong for them.
  • How about a world with no bailouts? Why don’t we simply eliminate the safety net for clueless or unlucky risk-takers so that losses equal gains overall? That’s a good idea in principle, but it is hard to put into practice.
  • Once a financial crisis arrives, politicians will seek to limit the damage, and that means they will bail out major financial institutions.
  • Had we not passed TARP and related policies, the United States probably would have faced unemployment rates of 25 percent of higher, as in the Great Depression. The political consequences would not have been pretty.
  • Bank bailouts may sound quite interventionist, and indeed they are, but in relative terms they probably were the most libertarian policy we had on tap. It meant big one-time expenses, but, for the most part, it kept government out of the real economy (the General Motors bailout aside).
  • So what will happen next?
  • One worry is that banks are currently undercapitalized and will seek out or create a new bubble within the next few years, again pursuing the upside risk without so much equity to lose.
  • A second perspective is that banks are sufficiently chastened for the time being but that economic turmoil in Europe and China has not yet played itself out, so perhaps we still have seen only the early stages of what will prove to be an even bigger international financial crisis.
  • A third view is perhaps most likely. We probably don’t have any solution to the hazards created by our financial sector, not because plutocrats are preventing our political system from adopting appropriate remedies, but because we don’t know what those remedies are.
  • Yet neither is another crisis immediately upon us. The underlying dynamic favors excess risk-taking, but banks at the current moment fear the scrutiny of regulators and the public and so are playing it fairly safe.
  • They are sitting on money rather than lending it out. The biggest risk today is how few parties will take risks, and, in part, the caution of banks is driving our current protracted economic slowdown. According to this view, the long run will bring another financial crisis once moods pick up and external scrutiny weakens, but that day of reckoning is still some ways off.
  • Is the overall picture a shame? Yes. Is it distorting resource distribution and productivity in the meantime? Yes. Will it again bring our economy to its knees? Probably. Maybe that’s simply the price of modern society. Income inequality will likely continue to rise and we will search in vain for the appropriate political remedies for our underlying problems.
    • anonymous
       
      Painfully straightforward.
  •  
    "Does growing wealth and income inequality in the United States presage the downfall of the American republic? Will we evolve into a new Gilded Age plutocracy, irrevocably split between the competing interests of rich and poor? Or is growing inequality a mere bump in the road, a statistical blip along the path to greater wealth for virtually every American? Or is income inequality partially desirable, reflecting the greater productivity of society's stars?"
anonymous

David Berreby - The obesity era - 0 views

  • And so the authorities tell us, ever more loudly, that we are fat — disgustingly, world-threateningly fat. We must take ourselves in hand and address our weakness. After all, it’s obvious who is to blame for this frightening global blanket of lipids: it’s us, choosing over and over again, billions of times a day, to eat too much and exercise too little. What else could it be? If you’re overweight, it must be because you are not saying no to sweets and fast food and fried potatoes. It’s because you take elevators and cars and golf carts where your forebears nobly strained their thighs and calves. How could you do this to yourself, and to society?
  • Hand-in-glove with the authorities that promote self-scrutiny are the businesses that sell it, in the form of weight-loss foods, medicines, services, surgeries and new technologies.
  • And so we appear to have a public consensus that excess body weight (defined as a Body Mass Index of 25 or above) and obesity (BMI of 30 or above) are consequences of individual choice.
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  • Higher levels of female obesity correlated with higher levels of gender inequality in each nation Of course, that’s not the impression you will get from the admonishments of public-health agencies and wellness businesses.
  • Yet the scientists who study the biochemistry of fat and the epidemiologists who track weight trends are not nearly as unanimous as Bloomberg makes out. In fact, many researchers believe that personal gluttony and laziness cannot be the entire explanation for humanity’s global weight gain.
  • As Richard L Atkinson, Emeritus Professor of Medicine and Nutritional Sciences at the University of Wisconsin and editor of the International Journal of Obesity, put it in 2005: ‘The previous belief of many lay people and health professionals that obesity is simply the result of a lack of willpower and an inability to discipline eating habits is no longer defensible.’
  • Consider, for example, this troublesome fact, reported in 2010 by the biostatistician David B Allison and his co-authors at the University of Alabama in Birmingham: over the past 20 years or more, as the American people were getting fatter, so were America’s marmosets.
  • As were laboratory macaques, chimpanzees, vervet monkeys and mice, as well as domestic dogs, domestic cats, and domestic and feral rats from both rural and urban areas.
  • In fact, the researchers examined records on those eight species and found that average weight for every one had increased.
  • ‘Virtually in every population of animals we looked at, that met our criteria, there was the same upward trend,’ he told me.
  • It isn’t hard to imagine that people who are eating more themselves are giving more to their spoiled pets, or leaving sweeter, fattier garbage for street cats and rodents. But such results don’t explain why the weight gain is also occurring in species that human beings don’t pamper, such as animals in labs, whose diets are strictly controlled. In fact, lab animals’ lives are so precisely watched and measured that the researchers can rule out accidental human influence
  • On the contrary, the trend suggests some widely shared cause, beyond the control of individuals, which is contributing to obesity across many species.
  • In rich nations, obesity is more prevalent in people with less money, education and status. Even in some poor countries, according to a survey published last year in the International Journal of Obesity, increases in weight over time have been concentrated among the least well-off. And the extra weight is unevenly distributed among the sexes, too.
  • To make sense of all this, the purely thermodynamic model must appeal to complicated indirect effects.
  • The story might go like this: being poor is stressful, and stress makes you eat, and the cheapest food available is the stuff with a lot of ‘empty calories’, therefore poorer people are fatter than the better-off. These wheels-within-wheels are required because the mantra of the thermodynamic model is that ‘a calorie is a calorie is a calorie’: who you are and what you eat are irrelevant to whether you will add fat to your frame. The badness of a ‘bad’ food such as a Cheeto is that it makes calorie intake easier than it would be with broccoli or an apple.
  • Yet a number of researchers have come to believe, as Wells himself wrote earlier this year in the European Journal of Clinical Nutrition, that ‘all calories are not equal’.
  • The problem with diets that are heavy in meat, fat or sugar is not solely that they pack a lot of calories into food; it is that they alter the biochemistry of fat storage and fat expenditure, tilting the body’s system in favour of fat storage.
    • anonymous
       
      RELEVANT.
  • if the problem isn’t the number of calories but rather biochemical influences on the body’s fat-making and fat-storage processes, then sheer quantity of food or drink are not the all-controlling determinants of weight gain. If candy’s chemistry tilts you toward fat, then the fact that you eat it at all may be as important as the amount of it you consume.
  • More importantly, ‘things that alter the body’s fat metabolism’ is a much wider category than food. Sleeplessness and stress, for instance, have been linked to disturbances in the effects of leptin, the hormone that tells the brain that the body has had enough to eat.
  • If some or all of these factors are indeed contributing to the worldwide fattening trend, then the thermodynamic model is wrong.
  • According to Frederick vom Saal, professor of biological sciences at the University of Missouri, an organic compound called bisphenol-A (or BPA) that is used in many household plastics has the property of altering fat regulation in lab animals.
  • BPA has been used so widely — in everything from children’s sippy cups to the aluminium in fizzy drink cans — that almost all residents of developed nations have traces of it in their pee. This is not to say that BPA is unique.
  • Contrary to its popular image of serene imperturbability, a developing foetus is in fact acutely sensitive to the environment into which it will be born, and a key source of information about that environment is the nutrition it gets via the umbilical cord.
  • The 40,000 babies gestated during Holland’s ‘Hunger Winter’ of 1944-1945 grew up to have more obesity, more diabetes and more heart trouble than their compatriots who developed without the influence of war-induced starvation.
  • It’s possible that widespread electrification is promoting obesity by making humans eat at night, when our ancestors were asleep
  • consider the increased control civilisation gives people over the temperature of their surroundings.
  • Temperatures above and below the neutral zone have been shown to cause both humans and animals to burn fat, and hotter conditions also have an indirect effect: they make people eat less.
  • A study by Laura Fonken and colleagues at the Ohio State University in Columbus, published in 2010 in the Proceedings of the National Academy of Sciences, reported that mice exposed to extra light (experiencing either no dark at all or a sort of semidarkness instead of total night) put on nearly 50 per cent more weight than mice fed the same diet who lived on a normal night-day cycle of alternating light and dark.
  • A virus called Ad-36, known for causing eye and respiratory infections in people, also has the curious property of causing weight gain in chickens, rats, mice and monkeys.
  • xperiments by Lee Kaplan and colleagues at Massachusetts General Hospital in Boston earlier this year found that bacteria from mice that have lost weight will, when placed in other mice, apparently cause those mice to lose weight, too.
  • These theories are important for a different reason. Their very existence — the fact that they are plausible, with some supporting evidence and suggestions for further research — gives the lie to the notion that obesity is a closed question, on which science has pronounced its final word.
  • It might be that every one of the ‘roads less travelled’ contributes to global obesity; it might be that some do in some places and not in others. The openness of the issue makes it clear that obesity isn’t a simple school physics experiment.
  • obesity is like poverty, or financial booms and busts, or war — a large-scale development that no one deliberately intends, but which emerges out of the millions of separate acts that together make human history.
  • In Wells’s theory, the claim that individual choice drives worldwide weight gain is an illusion — like the illusion that individuals can captain their fates independent of history. In reality, Tolstoy wrote at the end of War and Peace (1869), we are moved by social forces we do not perceive, just as the Earth moves through space, driven by physical forces we do not feel. Such is the tenor of Wells’s explanation for modern obesity. Its root cause, he proposed last year in the American Journal of Human Biology, is nothing less than the history of capitalism.
  • In a capitalistic quest for new markets and cheap materials and labour, Europeans take control of the economy in the late 18th or early 19th century. With taxes, fees and sometimes violent repression, their new system strongly ‘encourages’ the farmer and his neighbours to stop growing their own food and start cultivating some more marketable commodity instead – coffee for export, perhaps. Now that they aren’t growing food, the farmers must buy it. But since everyone is out to maximise profit, those who purchase the coffee crop strive to pay as little as possible, and so the farmers go hungry. Years later, when the farmer’s children go to work in factories, they confront the same logic: they too are paid as little as possible for their labour. By changing the farming system, capitalism first removes traditional protections against starvation, and then pushes many previously self-sufficient people into an economic niche where they aren't paid enough to eat well.
  • Eighty years later, the farmer’s descendants have risen out of the ranks of the poor and joined the fast-growing ranks of the world’s 21st-century middle-class consumers, thanks to globalisation and outsourcing. Capitalism welcomes them: these descendants are now prime targets to live the obesogenic life (the chemicals, the stress, the air conditioning, the elevators-instead-of-stairs) and to buy the kinds of foods and beverages that are ‘metabolic disturbers’.
  • a past of undernutrition, combined with a present of overnutrition, is an obesity trap.
  • Wells memorably calls this double-bind the ‘metabolic ghetto’, and you can’t escape it just by turning poor people into middle-class consumers: that turn to prosperity is precisely what triggers the trap.
  • ‘Obesity,’ he writes, ‘like undernutrition, is thus fundamentally a state of malnutrition, in each case promoted by powerful profit-led manipulations of the global supply and quality of food.’
  • The ‘unifying logic of capitalism’, Wells continues, requires that food companies seek immediate profit and long-term success, and their optimal strategy for that involves encouraging people to choose foods that are most profitable to produce and sell — ‘both at the behavioural level, through advertising, price manipulations and restriction of choice, and at the physiological level through the enhancement of addictive properties of foods’ (by which he means those sugars and fats that make ‘metabolic disturber’ foods so habit-forming).
  • In short, Wells told me via email, ‘We need to understand that we have not yet grasped how to address this situation, but we are increasingly understanding that attributing obesity to personal responsibility is very simplistic.’ Rather than harping on personal responsibility so much, Wells believes, we should be looking at the global economic system, seeking to reform it so that it promotes access to nutritious food for everyone.
  • One possible response, of course, is to decide that no obesity policy is possible, because ‘science is undecided’. But this is a moron’s answer: science is never completely decided; it is always in a state of change and self-questioning, and it offers no final answers. There is never a moment in science when all doubts are gone and all questions settled,
  • which is why ‘wait for settled science’ is an argument advanced by industries that want no interference with their status quo.
  • Faced with signs of a massive public-health crisis in the making, governments are right to seek to do something, using the best information that science can render, in the full knowledge that science will have different information to offer in 10 or 20 years.
  • Today’s priests of obesity prevention proclaim with confidence and authority that they have the answer. So did Bruno Bettelheim in the 1950s, when he blamed autism on mothers with cold personalities. So, for that matter, did the clerics of 18th-century Lisbon, who blamed earthquakes on people’s sinful ways. History is not kind to authorities whose mistaken dogmas cause unnecessary suffering and pointless effort, while ignoring the real causes of trouble. And the history of the obesity era has yet to be written.
  •  
    "For the first time in human history, overweight people outnumber the underfed, and obesity is widespread in wealthy and poor nations alike. The diseases that obesity makes more likely - diabetes, heart ailments, strokes, kidney failure - are rising fast across the world, and the World Health Organisation predicts that they will be the leading causes of death in all countries, even the poorest, within a couple of years. What's more, the long-term illnesses of the overweight are far more expensive to treat than the infections and accidents for which modern health systems were designed. Obesity threatens individuals with long twilight years of sickness, and health-care systems with bankruptcy."
anonymous

When Geography Changes - 0 views

  • Geography is enduring, but it does occasionally change.
  • The extent and effect of climate change is still unknown, but it has the potential to make significant changes to what we think of as immovable geographic realities.
  • To be clear, we are not debating the causation of this warming trend, nor are we discussing measures aimed at limiting its impact. Rather, we would like to use this opportunity to discuss how climate change could impact geopolitics. Agriculture remains a key piece to this new puzzle; changes in the location of water and of land suited for food production could alter traditional geopolitical dynamics. Geography and climate shape regions and countries. If we accept that there will be changes to temperature, climate and perhaps weather, then there will also likely be variations in the availability of arable land that can support large populations and agriculture.
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  • Climate, rainfall and land quality are key determinants of state power.
  • A country with significant amounts of arable land and easily traversed territory has an automatic advantage over other states.
  • changes in access to arable land can have profound effects on a country's ability to take care of its domestic population and to participate in global markets.
  • Brazil is a good example of this. Its coastal geography makes building roads and railways from the interior to the coast quite difficult, but its climate is perfectly suited to sugar cane growth, which has allowed the country to develop an impressive ethanol industry that has made Brazil's energy sources among the most diversified in the world.
  • China, which faces extreme population pressures and increasingly relies on foreign sources of many commodities, is using agricultural land in the Northeast -- specifically in Heilongjiang province -- to develop a state-controlled agricultural heartland to supplement the rest of the country's agriculture, which is for the most part family-run. China's population exceeds 1.3 billion, which makes food security a critical issue of state stability.
  • Russia's massive grain belt, which has in centuries past allowed the country to support outsized domestic armies, lacks adequate infrastructure, complicating the process of moving grain across the country's expanse.
  • The United States is an example of success anchored in favorable geography. The overlap of a wide swath of farmland and a large navigable river system has allowed the nation to thrive. Enough food is grown in the Midwestern farm belt and along the Mississippi River system to not only sustain the population of the United States, but to also make it the largest exporter of grain in the world.
  • Over the course of history, warmer eras have also been wetter ones, but we can expect rain patterns to fluctuate in ways we do not fully understand right now.
  • With increasing temperatures, we could very well see a shift in the location of the temperate zones in which agricultural development flourishes. As tropical zones expand to both the north and the south, the temperate zones shift north toward the Artic and south toward the Antarctic.
  • Warming in higher latitudes can affect glaciers, initially speeding and then slowing the runoff feeding streams and rivers. Arable land will increase for some regions and decrease for others. This could fundamentally change the hand of geographic cards a specific nation has been dealt.
  • The specific effects of climate change remain uncertain. When geography does change meaningfully -- whatever the nature of the change -- the parameters of analysis and human action change in profound ways that can be difficult to predict.
  •  
    "A new study on global temperature trends will be published in the March 8 issue of Science. The study observes cyclical temperature patterns over the course of the last 11,300 years and determines that current temperatures have yet to exceed previous peaks. However, the study suggests that by 2100, temperatures will exceed those of any previous time period."
anonymous

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

  • 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
       
      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
       
      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
       
      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
       
      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.
  •  
    "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

Why Americans Are the Weirdest People in the World - 0 views

  • For instance, the different ways people perceive the Müller-Lyer illusion likely reflects lifetimes spent in different physical environments. American children, for the most part, grow up in box-shaped rooms of varying dimensions. Surrounded by carpentered corners, visual perception adapts to this strange new environment (strange and new in terms of human history, that is) by learning to perceive converging lines in three dimensions.
  • As the three continued their work, they noticed something else that was remarkable: again and again one group of people appeared to be particularly unusual when compared to other populations—with perceptions, behaviors, and motivations that were almost always sliding down one end of the human bell curve.
  • In the end they titled their paper “The Weirdest People in the World?” (pdf) By “weird” they meant both unusual and Western, Educated, Industrialized, Rich, and Democratic. It is not just our Western habits and cultural preferences that are different from the rest of the world, it appears. The very way we think about ourselves and others—and even the way we perceive reality—makes us distinct from other humans on the planet, not to mention from the vast majority of our ancestors. Among Westerners, the data showed that Americans were often the most unusual, leading the researchers to conclude that “American participants are exceptional even within the unusual population of Westerners—outliers among outliers.”
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  • The trio of researchers are young—as professors go—good-humored family men. They recalled that they were nervous as the publication time approached. The paper basically suggested that much of what social scientists thought they knew about fundamental aspects of human cognition was likely only true of one small slice of humanity. They were making such a broadside challenge to whole libraries of research that they steeled themselves to the possibility of becoming outcasts in their own fields.
  • “We were scared,” admitted Henrich. “We were warned that a lot of people were going to be upset.” “We were told we were going to get spit on,” interjected Norenzayan. “Yes,” Henrich said. “That we’d go to conferences and no one was going to sit next to us at lunchtime.”
  • Still, I had to wonder whether describing the Western mind, and the American mind in particular, as weird suggested that our cognition is not just different but somehow malformed or twisted. In their paper the trio pointed out cross-cultural studies that suggest that the “weird” Western mind is the most self-aggrandizing and egotistical on the planet: we are more likely to promote ourselves as individuals versus advancing as a group. WEIRD minds are also more analytic, possessing the tendency to telescope in on an object of interest rather than understanding that object in the context of what is around it.
  • The WEIRD mind also appears to be unique in terms of how it comes to understand and interact with the natural world. Studies show that Western urban children grow up so closed off in man-made environments that their brains never form a deep or complex connection to the natural world.
  • Children who grow up constantly interacting with the natural world are much less likely to anthropomorphize other living things into late childhood.
    • anonymous
       
      I did a shit ton of this. I was very internal, didn't have many friends, and came to identify with 'things' as though they were people.
  • Given that people living in WEIRD societies don’t routinely encounter or interact with animals other than humans or pets, it’s not surprising that they end up with a rather cartoonish understanding of the natural world. “Indeed,” the report concluded, “studying the cognitive development of folkbiology in urban children would seem the equivalent of studying ‘normal’ physical growth in malnourished children.”
  • The three insisted that their goal was not to say that one culturally shaped psychology was better or worse than another—only that we’ll never truly understand human behavior and cognition until we expand the sample pool beyond its current small slice of humanity.
  • Despite these assurances, however, I found it hard not to read a message between the lines of their research. When they write, for example, that weird children develop their understanding of the natural world in a “culturally and experientially impoverished environment” and that they are in this way the equivalent of “malnourished children,” it’s difficult to see this as a good thing.
  • THE TURN THAT HENRICH, Heine, and Norenzayan are asking social scientists to make is not an easy one: accounting for the influence of culture on cognition will be a herculean task. Cultures are not monolithic; they can be endlessly parsed. Ethnic backgrounds, religious beliefs, economic status, parenting styles, rural upbringing versus urban or suburban—there are hundreds of cultural differences that individually and in endless combinations influence our conceptions of fairness, how we categorize things, our method of judging and decision making, and our deeply held beliefs about the nature of the self, among other aspects of our psychological makeup.
    • anonymous
       
      This is another place where my love of long-term thinking rears its head. So modern as we imagine ourselves, with all our fancy machines, we are still bareinfants when it comes to reckoning about ourselves.
  • Recent research has shown that people in “tight” cultures, those with strong norms and low tolerance for deviant behavior (think India, Malaysia, and Pakistan), develop higher impulse control and more self-monitoring abilities than those from other places.
  • Men raised in the honor culture of the American South have been shown to experience much larger surges of testosterone after insults than do Northerners.
  • As Norenzayan sees it, the last few generations of psychologists have suffered from “physics envy,” and they need to get over it.
  • The job, experimental psychologists often assumed, was to push past the content of people’s thoughts and see the underlying universal hardware at work. “This is a deeply flawed way of studying human nature,” Norenzayan told me, “because the content of our thoughts and their process are intertwined.” In other words, if human cognition is shaped by cultural ideas and behavior, it can’t be studied without taking into account what those ideas and behaviors are and how they are different from place to place.
  • This new approach suggests the possibility of reverse-engineering psychological research: look at cultural content first; cognition and behavior second. Norenzayan’s recent work on religious belief is perhaps the best example of the intellectual landscape that is now open for study.
  • “I remember opening textbook after textbook and turning to the index and looking for the word ‘religion,’ ” he told me, “Again and again the very word wouldn’t be listed. This was shocking. How could psychology be the science of human behavior and have nothing to say about religion? Where I grew up you’d have to be in a coma not to notice the importance of religion on how people perceive themselves and the world around them.”
  • He has suggested that there may be a connection between the growth of religions that believe in “morally concerned deities”—that is, a god or gods who care if people are good or bad—and the evolution of large cities and nations.
  • If religion was necessary in the development of large-scale societies, can large-scale societies survive without religion? Norenzayan points to parts of Scandinavia with atheist majorities that seem to be doing just fine. They may have climbed the ladder of religion and effectively kicked it away. Or perhaps, after a thousand years of religious belief, the idea of an unseen entity always watching your behavior remains in our culturally shaped thinking even after the belief in God dissipates or disappears.
  • almost every major theorist on human behavior in the last 100 years predicted that it was just a matter of time before religion was a vestige of the past. But the world persists in being a very religious place.
  • HENRICH, HEINE, AND NORENZAYAN’S FEAR of being ostracized after the publication of the WEIRD paper turned out to be misplaced. Response to the paper, both published and otherwise, has been nearly universally positive, with more than a few of their colleagues suggesting that the work will spark fundamental changes. “I have no doubt that this paper is going to change the social sciences,” said Richard Nisbett, an eminent psychologist at the University of Michigan. “It just puts it all in one place and makes such a bold statement.”
  • At its heart, the challenge of the WEIRD paper is not simply to the field of experimental human research (do more cross-cultural studies!); it is a challenge to our Western conception of human nature. For some time now, the most widely accepted answer to the question of why humans, among all animals, have so successfully adapted to environments across the globe is that we have big brains with the ability to learn, improvise, and problem-solve.
  • Henrich has challenged this “cognitive niche” hypothesis with the “cultural niche” hypothesis. He notes that the amount of knowledge in any culture is far greater than the capacity of individuals to learn or figure it all out on their own.
  • He suggests that individuals tap that cultural storehouse of knowledge simply by mimicking (often unconsciously) the behavior and ways of thinking of those around them. We shape a tool in a certain manner, adhere to a food taboo, or think about fairness in a particular way, not because we individually have figured out that behavior’s adaptive value, but because we instinctively trust our culture to show us the way.
    • anonymous
       
      Goodness, though! I'm in TOTAL control of everything! :P
  • The unique trick of human psychology, these researchers suggest, might be this: our big brains are evolved to let local culture lead us in life’s dance.
  • People are not “plug and play,” as he puts it, and you cannot expect to drop a Western court system or form of government into another culture and expect it to work as it does back home.
  • Because of our peculiarly Western way of thinking of ourselves as independent of others, this idea of the culturally shaped mind doesn’t go down very easily.
  • That we in the West develop brains that are wired to see ourselves as separate from others may also be connected to differences in how we reason, Heine argues. Unlike the vast majority of the world, Westerners (and Americans in particular) tend to reason analytically as opposed to holistically.
  • That is, the American mind strives to figure out the world by taking it apart and examining its pieces.
  • Shown another way, in a different test analytic Americans will do better on something called the “rod and frame” task, where one has to judge whether a line is vertical even though the frame around it is skewed. Americans see the line as apart from the frame, just as they see themselves as apart from the group.
  • Heine and others suggest that such differences may be the echoes of cultural activities and trends going back thousands of years. Whether you think of yourself as interdependent or independent may depend on whether your distant ancestors farmed rice (which required a great deal of shared labor and group cooperation) or herded animals (which rewarded individualism and aggression).
  • These psychological trends and tendencies may echo down generations, hundreds of years after the activity or situation that brought them into existence has disappeared or fundamentally changed.
  • And here is the rub: the culturally shaped analytic/individualistic mind-sets may partly explain why Western researchers have so dramatically failed to take into account the interplay between culture and cognition. In the end, the goal of boiling down human psychology to hardwiring is not surprising given the type of mind that has been designing the studies. Taking an object (in this case the human mind) out of its context is, after all, what distinguishes the analytic reasoning style prevalent in the West. Similarly, we may have underestimated the impact of culture because the very ideas of being subject to the will of larger historical currents and of unconsciously mimicking the cognition of those around us challenges our Western conception of the self as independent and self-determined. The historical missteps of Western researchers, in other words, have been the predictable consequences of the WEIRD mind doing the thinking.
  •  
    "The growing body of cross-cultural research that the three researchers were compiling suggested that the mind's capacity to mold itself to cultural and environmental settings was far greater than had been assumed. The most interesting thing about cultures may not be in the observable things they do-the rituals, eating preferences, codes of behavior, and the like-but in the way they mold our most fundamental conscious and unconscious thinking and perception."
anonymous

The Geopolitics of the Yangtze River: Conflicting Imperatives - 0 views

  • In the case of Yangtze development, an official from China's National Development and Reform Commission noted in May 2011 a shift in the focus of central government port development policy from the coast to the interior, adding that most of the opportunities for future port-related investment would be in cities along the Yangtze River.
  • Wuhan's 10-year port redevelopment program is set to consume a large percentage of that investment -- at $28.6 billion, the program accounts for around 70 percent of the country's total ongoing and planned port construction -- though another $4 billion to $5 billion has been set aside for dredging and port expansion everywhere from Chongqing municipality in southwest China to Wuhu in Anhui province.
  • The central government's heightened emphasis on inland waterway port expansion is incongruous with port throughput trends during the previous five-year period, 2007-2011.
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  • Not surprisingly, China's coastal ports dwarf inland ports in terms of both overall throughput and throughput growth. But more telling is that of the major Yangtze ports for which the National Bureau of Statistics provides freight traffic data, only three (at Chongqing, Yueyang and Wuhu) showed significant growth in throughput between 2007 and 2011.
  • Wuhan, the flagship of new port investment on the Yangtze as well as nationally, actually saw declines in both the number of berths and freight throughput during that period.
  • The apparent gap between central government policy prerogatives and the reality of port traffic growth trends exemplifies the way economic development policy under the Communist Party not only responds to present needs but also in many ways actively shapes future realities.
  • Going forward, the question for Beijing will be whether and to what extent it is able to realize its ambitious plans for the Yangtze River corridor and inland China as a whole. Even then, it is not clear that expanding and industrializing a handful of inland cities will reduce mounting economic imbalances or social tensions unless combined with significant changes to a range of other policies, including the hukou (or household registration) system and the fiscal and financial relationship between city, provincial and national governments. Significant changes to these policies will, in turn, meet steep resistance from entrenched bureaucratic interests. More fundamentally, such changes would likely unleash the social unrest that Beijing's entire political economic system is intended to manage.
  • port development in Wuhan is similar to projects like the Three Gorges Dam or the ongoing South-North Water Transfer Project, which seeks to divert up to 10 percent of the Yangtze River's flow to water-starved provinces in northern China. All three are attempts to reconcile immense geographic and environmental constraints with the ballooning demands (both consumer and industrial) of an enormous population and an ever-expanding economy -- all while providing enough jobs to maintain a degree of stability.
  • The problem, then, is not simply that the Chinese government's approach to economic development is inconsistent with the needs of the economy and population as a whole
  • Rather, it is that the needs of the economy -- growth with stability, and energy security despite energy demands that far outstrip domestic resources -- are themselves inconsistent and contradictory.
  •  
    "Beijing pursues far-reaching development programs such as the industrialization of the Yangtze River region not always because they make economic sense -- often they do not -- but because it must do so to sustain the basic social and economic structures that secure the regime."
anonymous

Why America's Fiscal Reality Will Make Euthanasia Inevitable | The Ümlaut - 0 views

  • “A third of the Medicare budget is now spent in the last year of life, and a third of that goes for care in the last month,” reports Susan Jacoby. In the unlikely event that everyone agreed to be euthanized 30 mere days before natural death, we would save 11 percent of the cost of Medicare—or more, counting the secondary effects of decreased demand for medical services. And considering that most of these end-of-life expenses are concentrated in relatively few patients, we wouldn’t need 100 percent uptake to make a substantial dent in costs.
  • But even putting aside fiscal considerations, social acceptance of these practices seems inevitable in the long run. Social norms tend to converge—albeit slowly at times—toward economic efficiency. And devoting enormous medical resources to keep people alive, often uncomfortably, for a few additional weeks is clearly inefficient.
  • We are simply at an early stage of the convergence of social norms toward the efficient equilibrium in which euthanasia is widely accepted and practiced. The fact is, the problem of the long-term ailing elderly is relatively new to human history and even to our society. Not so long ago, old people would simply die when they got sick. Consequently, we are still holding onto the norms that were quite possibly efficient for that era—that unlimited care must be given to those near death. But as such care becomes ever more costly, the old norms will be steadily undermined, and we will move toward the new efficient equilibrium.
  •  
    "Liberal attitudes toward end-of-life decisions are gaining political ground, both in America and around the world. Twenty years ago, assisted suicide was legal only in Switzerland. Today, the Netherlands, Belgium, Luxembourg, and three American states allow assisted suicide or euthanasia for at least the terminally ill. These trends will continue. Indeed, it is becoming increasingly difficult for me to imagine a future in which euthanasia is illegal in rich countries. But perhaps surprisingly, the legalization of euthanasia is likely to be driven not by moral contemplation but by the economics of life and death."
anonymous

4 Bad Justifications For Detoxing - 0 views

  • For the sake of this article, I’ll use the terms “cleanse” and “detox” interchangeably as any dietary strategy that employs strict rules on eating or drinking – usually involving the elimination of many foods/drinks/substances and/or involves fasting or the addition of special supplements for a period of time.
  • 1.  want to rid my body of toxins:
  • The word “toxin” itself is largely misunderstood and misrepresented by peddlers of cleansing plans.  They keep things intentionally obscurantist when it comes to the precisely what they mean by “toxins” for good reason.   Making specific claims ie. “Our sooper-dooper clenz™ removes polycyclic aromatic hydrocarbons”, would place a specific burden of proof on the manufacturer.
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  • 2. I just need a weight loss “boost”:
  • Will subsisting on ridiculously low amounts of calories for days on end “boost” weight loss?  Very likely, yes.  Your likelihood of keeping it off, however… almost zero.  Prolonged periods of sizeable caloric deficits will force your body to slow down and conserve energy. 
  • I don’t care what supplements/herbs/juices you are taking, there is no substitute for getting adequate calories from good old-fashioned food.
  • 3.  I’ve been eating like crap/boozing too much:
  • Along with our aforementioned “instant/quick fix” mentality, we as a westernized culture are poster children for all-or-nothing thinking.  We think we can atone for dietary sins by going on strict plans.  The problem is that it simply doesn’t work.
  • 4. It makes me feel WONDERFUL!
  • these feelings are both short-lived and deceptive.  I would first contend that people who feel “energized” and “happy” are falling victim to the power of suggestion and the placebo effect.
  • Psychology aside, there may be some short-lived physiological effects of cleansing.  If we think about how most people eat on a day-to-day basis (read: highly processed, empty calorie), ANY half-way drastic eating changes could trigger warm-and-fuzzy, high energy feelings.  The reality, however is that consuming very low calories and/or protein for any extended period will sooner or later bring your energy levels to a grinding halt.
  • How to “detox” without really “detoxing”. 
  •  
    "One of the most nonsensical (not to mention irritating) trends in health is "cleansing" or "detox" programs.  They exist in abundance in health circles and can be found everywhere - usually touted as a panacea for any given health problem.  From bookshelves to yoga studios to multi-level marketing campaigns, "cleanses" remain the most prominent socially accepted eating disorder of today."
anonymous

Gapminder Desktop: Explore the World of Data from your own Computer - 0 views

  •  
    "To overcome the online requirement, Gapminder Desktop [gapminder.org has recently been released for all operating systems. Based on Adobe AIR technology, this "No Internet Required" software allows people to explore the same data from their own computer, even when there is no Internet connectivity available. In particular, Gapminder Desktop is aimed to teachers and students to bookmark and present global trends in all sort of situations. It comes preloaded with 600+ indicators on health, environment, economy, education, poverty, technology, and so on."
anonymous

War Games: Civil-Military Relations, c. 2030 - 0 views

  • four leaders—two military, two civilian—sit around a table at the White House or the Pentagon
  • One is an Army general
  • The second is an Air Force general
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  • The third is a Foreign Service officer
  • The fourth is a more traditional political appointee
  • The participants in this hypothetical meeting exemplify four very different types of leaders, who, if current trends continue, will all be coming to prominence and power by 2030.
  • Part of the baggage they will bring to this meeting is a complex history of civil-military relations during the post–September 11 era.
  • When they reached general officer rank, the Vietnam-era officers then found themselves sitting across the table from civilians who probably had avoided the draft, if not actively protested the war.
  • The emotional scars of a conflict that had taken place decades earlier, therefore, were part of their relationship.
  • Today’s member of the ground forces will spend, if current trends hold true, an even greater percentage of his time in combat than did officers of the Vietnam generation.
  • unlike his predecessors, he will not be sitting opposite a civilian who actively opposed his war. The challenge of this hypothetical meeting will be based not necessarily on inherent hostility between the warrior and civilian, but rather on whether the warrior and the civilian can comprehend each other.
  • With the growing presence of civilians on battlefields, there will be significant numbers of “civilian-warriors,” some with as much time in combat zones as their military counterparts.
  • It is conceivable, then, that a situation may arise in which an Army officer of 2030 might have more shared experience with a Foreign Service officer than with his Air Force or Navy counterpart.
  • As a result, the traditional competition of “civilian versus warrior” will be replaced by a series of new relationships and alliances.
  • What will be the profile of general officers in 2030?
  • they will have grown up in services at war.
  • They will be battle-hardened and somewhat removed from society, having spent six, seven, maybe eight years in combat and the intervening years recovering from one engagement and preparing for the next.
  • At the same time, there will be a second class of flag officers.
  • Ultimately, they have a very different exposure to irregular warfare than their ground counterparts, if for no other reason than that there are far fewer two-way air or naval engagements in asymmetrical conflict.
  • And what about the civilians these military elites will face across the table in 2030?
  • They likely will have gone to elite universities for undergraduate and professional degrees. Neither they nor any member of their immediate family will have served in the military.
  • They will look on the generals across the table from them in 2030 with a degree of puzzlement, if not actual mistrust, as inhabitants of a world they really do not know. 
  • There also, however, will be “civilian-warriors.”
  • this group is the most inscrutable but also the most interesting to study
  • retired soldier turned statesman
  • A second class of civilian-warriors will come from the ranks of other government agencies
  • Still a third group will come from entities outside of government
  • growing core of professional civilian advisers to military commands
  • this latter category may serve as the natural bridge between the political and military worlds. Ultimately, civilian-warriors may spend as much—if not more—time at war than some of their uniformed counterparts.
  • The gap between the military and the socially elite classes will have grown even greater than it is today.
  • what will the four talk about
  • Perhaps more importantly, unlike in previous eras, our Army general of 2030 will be as much at home discussing governance as weapons systems, having wrestled with the issues since his days as a junior officer coaching some small village in Afghanistan or supervising a district meeting in Iraq.
  • No matter the topic, our civilians and flag officers will approach the issues with certain biases.
  • the ground force general will be “conventionally unconventional,”
  • He will be accustomed to manipulating foreign media to serve his tactical ends, but not used to being criticized. Above all, he will be used to getting his way.
  • traditional political appointee has the weakest hand to play
  • there will be a tremendous temptation for our civilian to kowtow to the man in uniform.
  • This Air Force general, or perhaps Navy admiral, will be as conservative and as conventional, if not more so, as the Army general.
  • Enter our civilian-warrior. Sharing many of the traits and the experiences of our ground forces general, he may in some ways be his natural ally. It is not inconceivable that their careers paths may have crossed on some remote battlefield.
  • Ultimately, there are any number of alternative ways the balance of power between these four actors might play out. The military duo may unite behind the common fraternity of officers; the military may join with the civilian-warrior against the politico; the civilian-warrior may join with the Air Force or Navy officer in order to balance the natural clout of those fighting the ground war; one actor might dominate the rest simply by force of personality. Or they all might agree.   
  • Should the United States have to assist a counterinsurgency effort in a small, landlocked country in central Asia, for example, our ground forces general and our civilian warrior may take the lead.
  • Conversely, in a conventional conflict dominated by air and naval power—perhaps with China over Taiwan—our Air Force or Navy flag officer, now in his element, may take center stage.
  • Perhaps the more interesting case is a hybrid of the two—a mixture of low- and high-intensity conflict, particularly if it occurs outside the traditional turf of the current war on terror and, consequently, outside the realm of expertise of any single member of the quartet.
  • No one view is correct per se: each member of our quartet is merely viewing the scenario through the lens of his own experience.
  •  
    "The year is 2030 and four leaders-two military, two civilian-sit around a table at the White House or the Pentagon, perhaps, or at a military headquarters or embassy halfway around the world." By Raphael Cohen at World Affairs Journal on March/April 2010.
anonymous

Libertarian Electoral Fantasies - 0 views

  • Cato's Will Wilkinson predicts that a generation of younger, libertarian-leaning voters will takeover the Democratic Party and push it in a libertarian direction
  • Despite Wilkinson's description of younger voters as "libertarian-ish," the reality is that young voters are far more pro-government than any other generation. This can be seen in the Pew Survey report (PDF) on Millenials, entitled "A Pro-Government, Socially Liberal Generation.
  • if George W. Bush couldn't convince Americans to privatize the program in 2005, after a 25-year bull market when stocks were widely assumed to be lucrative and safe, I don't see how anybody who lived through the current crisis is going to come around.
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  • this has no bearing on the intellectual value of libertarianism, which obviously is unrelated to its popularity. But it's worth keeping in mind when we discuss the electorate, because such discussions often operate under the mistaken assumption that there's an enormous pool of libertarian or libertarian-leaning voters ignored by the two-party system.
  •  
    By Jonathan Chait at The New Republic on April 8, 2010. A look at the trend of Millennials being more tolerant of government expansion.
anonymous

Germany as Eurozone Leader - 0 views

  • And that project will have to deal with a number of other geopolitical trends unraveling around it. These trends include the Russian resurgence in Central and Eastern Europe, NATO’s increasing tensions, the United States’ eventual move to counter Russia’s resurgence, Central European security fears of a resurgent Russia, a French realization that Paris is no longer equal to Berlin, and Europe’s underlying demographic and debt problems.
  • Germany now senses the opportunity to reform the eurozone so that similar crises do not happen again.
  •  
    May 14, 2010
anonymous

100 years of statism, 100 years of neoliberalism - 0 views

  • 1.  For nearly 100 years statism was on the advance in the US, and indeed in almost every country.
  • 2.  In the US the period of growth of government started at least as far back as 1887 (the ICC) and continued until 1977, after which deregulation, free trade agreements, and MTR cuts kicked in.  In other countries one saw MTR cuts, deregulation and privatization.
  • 3.  During the statism megatrend, the term ‘reform’ implicitly meant bigger government.  That’s how governments reacted to crises.  During the current (neoliberalism) megatrend, the tern ‘reform’ implicitly means less government.
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  • 4.  In the US this pattern has recently been hidden by health care, which is one aspect of the welfare state that was never completed in the statist era (although it was completed in all other developed countries.)
  • 5.  During the megatrends, there are periods of consolidation, which are falsely viewed as countertrends.  They are not countertrends.  The trend is still intact.  In the US the 1920s and 1950s were falsely viewed as countertrends.  Don’t be fooled, we are only 1/3 of the way through the neoliberalism megatrend.
  •  
    "I'd like to argue that to understand what's going on in the world, one needs to understand the megatrends.  Yes, I know that 'megatrend' is a rather disreputable term, associated with crackpots.  But I'm going to use it anyway.  Here's my basic hypothesis:" Thanks to Adam Gurri for the interesting read.
anonymous

Second Quarter Forecast 2011 - 0 views

  • When the Tunisian leadership began to fall, we were surprised at the speed with which similar unrest spread to Egypt. Once in Egypt, however, it quickly became apparent that what we were seeing was not simply a spontaneous uprising of democracy-minded youth (though there was certainly an element of that), but rather a move by the military to exploit the protests to remove Egyptian President Hosni Mubarak, whose succession plans were causing rifts within the establishment and opening up opportunities for groups like the Muslim Brotherhood.
  • We are entering a very dynamic quarter. The Persian Gulf region is the center of gravity, and the center of a rising regional power competition. A war in or with Israel is a major wild card that could destabilize the area further. Amid this, the United States continues to seek ways to disengage while not leaving the region significantly unbalanced. Off to the side is China, more intensely focused on domestic instability and facing rising economic pressures from high oil prices and inflation. Russia, perhaps, is in the best position this quarter, as Europe and Japan look for additional sources of energy, and Moscow can pack away some cash for later days.
  • Libya probably will remain in a protracted crisis through the next quarter.
  •  
    "In our 2011 annual forecast, we highlighted three predominant issues for the year: complications with Iran surrounding the U.S. withdrawal from Iraq, the struggle of the Chinese leadership to maintain stability amid economic troubles, and a shift in Russian behavior to appear more conciliatory, or to match assertiveness with conciliation. While we see these trends remaining significant and in play, we did not anticipate the unrest that spread across North Africa to the Persian Gulf region. "
anonymous

Five Billion Years of Solitude: Lee Billings on the Science of Reaching the Stars - 0 views

  • The question of habitability is a second-order consideration when it comes to Gliese 581g, and that fact in itself reveals where so much of this uncertainty comes from. As of right now, the most interesting thing about the "discovery" of Gliese 581g is that not everyone is convinced the planet actually exists. That's basically because this particular detection is very much indirect - the planet's existence is being inferred from periodic meter-per-second shifts in the position of its host star.
  • So it's very difficult to just detect these things, and actually determining whether they are much like Earth is a task orders of magnitude more difficult still. Notice how I'm being anthropocentric here: "much like Earth." Astrobiology has been derisively called a science without a subject. But, of course, it does have at least one subject: our own living planet and its containing solar system.
  • This is really a chicken-and-egg problem: To know the limits of life in planetary systems, we need to find life beyond the Earth. To find life beyond Earth, it would be very helpful to know the limits of life in planetary systems. Several independent groups are trying to circumvent this problem by studying abiogenesis in the lab - trying to in effect create life, alien or otherwise, in a test tube.
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  • I do think humans are motivated to daydream about extraterrestrial intelligence, and, to put a finer point on it, extraterrestrial "people." They are motivated to dream about beings very much like them, things tantalizingly exotic but not so alien as to be totally incomprehensible and discomforting. Maybe those imagined beings have more appendages or sense organs, different body plans and surface coverings, but they typically possess qualities we recognize within ourselves: They are sentient, they have language, they use tools, they are curious explorers, they are biological, they are mortal - just like humans. Perhaps that's a collective failure of imagination, because it's certainly not very easy to envision intelligent aliens that are entirely divergent from our own anthropocentric preconceptions. Or perhaps it's more diagnostic of the human need for context, affirmation, and familiarity. Why are people fascinated by their distorted reflections in funhouse mirrors? Maybe it's because when they recognize their warped image, at a subconscious level that recognition reinforces their actual true appearance and identity.
  • More broadly, speculating about extraterrestrial intelligence is an extension of three timeless existential questions: What are we, where do we come from, and where are we going?
  • The first pessimistic take is that the differences between independently emerging and evolving biospheres would be so great as to prevent much meaningful communication occurring between them if any intelligent beings they generated somehow came into contact.
  • The second pessimistic take is that intelligent aliens, far from being incomprehensible and ineffable, would be in fact very much like us, due to trends of convergent evolution, the tendency of biology to shape species to fit into established environmental niches.
  • It stands to reason that any alien species that managed to embark on interstellar voyages to explore and colonize other planetary systems could, like us, be a product of competitive evolution that had effectively conquered its native biosphere. Their intentions would not necessarily be benevolent if they ever chose to visit our solar system.
  • The third pessimistic scenario is an extension of the second, and postulates that if we did encounter a vastly superior alien civilization, even if they were benevolent they could still do us harm through the simple stifling of human tendencies toward curiosity, ingenuity, and exploration.
  • Right now reaching low-Earth orbit generally comes at a cost somewhere between $5,000 to $10,000 per kilogram, depending on which launch vehicle is used. This creates an enormous barrier to making profitable ventures in space or building major space-based infrastructure. It also engenders further high costs in the design, fabrication, and testing of most spaceflight hardware, which due to the high cost to orbit must be made as lightweight and reliable as possible.
  • If launch costs fall well below $1,000 per kilogram, a host of economic activities that were previously prohibitively expensive should at a stroke become cheap enough to be readily profitable.
  • I'm an American citizen, so I will focus my comments on the American space program and the American political system. I'm sad to say that in this country, the most powerful nation presently on the planet, space science, exploration, and development are treated as fringe issues at best. Too many politicians, if they consider these issues at all, treat them in one of two ways: Dismissively, as things to be joked about, or cynically, as little more than pork-barrel job programs for their districts, things to be defended purely for the status quo and only given token lip-service when absolutely necessary.
  • And who can blame them? Look at what happens to politicians when they try to talk seriously and ambitiously about space today. They are lampooned and ridiculed by the media and by their political opponents as starry-eyed idealists who are disconnected from everyday realities.
  •  
    "One of the best briefings on the state of the art of interstellar exploration is Lee Billings' essay "Incredible Journey," recently reprinted in a wonderful new anthology called The Best Science Writing Online 2012, edited by Scientific American's Bora Zivkovic and Jennifer Ouellette. I'm very honored to have a piece in the anthology myself: my NeuroTribes interview with John Elder Robison, author of the bestselling memoir of growing up with autism, Look Me in The Eye, and other books. When SciAm's editors suggested that each author in the book interview one of the other authors, I jumped at the chance to interview Billings about his gracefully written and informative article about the practical challenges of space flight. Billings is a freelance journalist who has written for Nature, New Scientist, Popular Mechanics, and Seed. He lives outside New York City with his wife, Melissa."
anonymous

Pew Study: Americans Abandoning News Outlets, Citing Lower Quality - 0 views

  • Nearly a third of those surveyed, or 31%, said they had ceased relying on a particular news outlet because it no longer provided them with the sort of news they were used to getting.
  • To learn exactly what respondents meant by that, Pew asked whether the issue was quantity — ie. fewer stories — or quality. Overwhelmingly, they chose the latter, with 60.7% citing “less complete” coverage as the reason for turning away, versus 23.5% who chose “fewer stories.”
  • Yet as sensitive as they are to the declining quality of news, Americans aren’t particularly perceptive about the financial pressures underlying the trend. A full 60% said they knew nothing whatsoever (36%) or very little (24%) about the economic forces disrupting the news business, although awareness was somewhat higher among the affluent and educated.
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  • Curiously, even among those who claimed to know at least a little about the situation, a majority of 57% didn’t believe news outlets’ economic woes limited their ability to produce quality coverage.
  • With newspaper newsrooms employing 28% fewer journalists than they did in 2001 (fewer than 40,000 nationally), that’s a bizarre finding. How could anyone, you might wonder, not see the link between a dramatic reduction in the number of people producing the news and the thoroughness of that product?
  • Consumers are sending a message: They want the same quality of news they’ve always known, not excuses, and they’ll punish news outlets that fail to meet that standard by taking their business elsewhere.
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    "Like all vicious cycles, the relationship between the declining fortunes of news outlets and the shrinking of their audiences is a difficult one to untangle, a chicken-and-egg problem. Newspaper circulations have been sliding for decades, starting well before digital media started siphoning off ad dollars and forcing widespread newsroom cutbacks that, inevitably, resulted in a poorer editorial product."
anonymous

Can Eric Cantor Redeem the Republican Party and Himself? - 0 views

  • On the second day, after a 7 A.M. choice of Catholic Mass or Bible study, the political analyst Charlie Cook gave a sober presentation about current demographic trends, demonstrating that the Party was doomed unless it started winning over Asian-Americans, Hispanics, and younger voters. He also noted that forty per cent of the electorate is moderate—and Republicans lost that constituency by fifteen points in 2012. Thanks to congressional redistricting, Republicans were able to hold on to the House of Representatives, and Cook said that the Party could probably keep it for the foreseeable future, but he warned that the prospects of winning back the Senate, and the White House, would require dramatic change. There are only twenty Republican women in the House, and Kellyanne Conway, a G.O.P. pollster, gave the overwhelmingly white male audience some advice: stop talking about rape.
  • Cantor is the House Majority Leader, which means that he is responsible for the mundane business of managing the schedule, the House floor, and committees, where legislation is generally written. He has used his position to transform himself into the Party’s chief political strategist.
  • “What Eric is really focussed on is that we need to do a better job of broadening our appeal and showing that we have real ideas and solutions that make people’s lives better,” Ryan said. “Eric is the guy who studies the big vision and is doing the step-by-step, daily management of the process to get us there. That is a huge job.”
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  • Cantor was one of the most influential political forces in Obama’s first term. In June of 2011, the President and the Speaker began working toward a Grand Bargain of major tax increases and spending cuts to address the government’s long-term budget deficits. Until late June, Boehner had managed to keep these talks secret from Cantor. On July 21st, Boehner paused in his discussions with Obama to talk to Cantor and outline the proposed deal. As Obama waited by the phone for a response from the Speaker, Cantor struck. Cantor told me that it was a “fair assessment” that he talked Boehner out of accepting Obama’s deal. He said he told Boehner that it would be better, instead, to take the issues of taxes and spending to the voters and “have it out” with the Democrats in the election.
  • Why give Obama an enormous political victory, and potentially help him win reëlection, when they might be able to negotiate a more favorable deal with a new Republican President? Boehner told Obama there was no deal. Instead of a Grand Bargain, Cantor and the House Republicans made a grand bet.
  • The bet failed spectacularly. Just as Cantor had urged, Obama and Romney spent much of the campaign debating tax and spending policies that the House Republicans had foisted on the Romney-Ryan ticket. What’s more, by scuttling the 2011 Grand Bargain negotiations, Cantor, more than any other politician, helped create the series of fiscal crises that have gripped Washington since Election Day. The failure of the Grand Bargain led to a byzantine deal: if the two parties could not agree on a new deficit plan, then a combination of tax increases and spending cuts—cuts known, in budget jargon, as a “sequester”—would automatically kick in on New Year’s Day.
  • Since the 2012 elections, the Republicans have been divided between those who believe their policies are the problem and those who believe they just need better marketing—between those who believe they need to make better pizza and those who think they just need a more attractive box. Cantor, who is known among his colleagues as someone with strategic intelligence and a knack for political positioning, argues that it’s the box.
  • As he gamed out G.O.P. strategy for the budgetary showdowns with Obama in January and February—including this week’s clash over the sequester—Cantor was happy to make himself available for several long interviews. He persistently struck a diplomatic note and mentioned again and again how much he looked forward to working with Obama, a position that he said he’s been articulating for a long time.
  • There are several ways to think of the divide in the Republican conference.
  • One is regional. The House has two hundred and thirty-two Republican members; nearly half of them—a hundred and ten—are from the South.
  • The rest are scattered across the Midwest (fifty-eight), the mid-Atlantic (twenty-five), the mountain West (eighteen), and the Pacific (twenty-one). There are no House Republicans from New England.
  • Tom Price, an orthopedic surgeon from Georgia, who holds Newt Gingrich’s old congressional seat and is seen as a leader of the most conservative House Republicans, said that, during a recent debate over taxes, “we talked past each other oftentimes as much as Republicans and Democrats talk past each other.” He explained how surprised he was when one of his colleagues from a Northern state told him that he favored a tax increase on millionaires. “It hit me that what he was hearing when he’s going home to a Republican district in a blue state is completely different than what I’m hearing when I go home to a Republican district in a red state,” he said. “My folks are livid about this stuff. His folks clearly weren’t. And so we weren’t even starting from the same premise.”
  • The other divide in the House is generational.
  • If Democrats vote as a bloc, which they often do, it takes only sixteen dissenting Republicans for the leadership to lose a vote. There is a rump group of some forty or fifty restless Republicans. At its core are two dozen younger members, most of whom have been elected since 2010 and have what generously might be called a dismissive attitude toward their leaders, whom they see as holdovers from the big-spending era of George W. Bush.
  • Tom Cole, of Oklahoma, who is sixty-three and has served for a decade in the House, recently emerged as the leader of a large faction of House Republicans who believe that the Tea Party-inspired congressmen are dooming the Party.
  • Cole is no fan of Obama. “The President is so self-righteous and so smug,” he told me. But Cole is one of the few House Republicans who have worked closely with the White House. On one of his walls, which is decorated with Native American artifacts, were framed copies of two laws that Obama signed regarding tribal issues. “He’s the best President in modern American history on Native American issues,” Cole said.
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    "Two months earlier, Republicans had lost the Presidential election and eight seats in the House. They were immediately plunged into a messy budget fight with a newly emboldened President, which ended with an income-tax increase, the first in more than twenty years. A poll in January deemed Congress less popular than cockroaches, head lice, and colonoscopies (although it did beat out the Kardashians, North Korea, and the Ebola virus). It was time to regroup."
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