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James Goodman

Inertia, Not Progress Defines the Decade After 9/11 : The New Yorker - 0 views

  • But the main reason that 9/11 didn’t become a source of jobs, or of ideas for revitalizing the economy, was that the country wasn’t thinking about its own weaknesses. President George W. Bush defined his era in terms of war, and the public largely saw it the same way. September 11th was a tragedy that, in the years that followed, tragically consumed the nation’s attention.The attacks were supposed to have signalled one of the great transformations in the country’s history. Bush talked about ridding the world of evil, columnists wrote of “World War Three,” and almost all Americans felt that, in their private lives and in the national life, nothing would ever be the same. But the decade that followed did not live up to expectations. In most of the ways that mattered, 9/11 changed nothing.
  • The Second World War brought a truce in the American class war that had raged throughout the thirties, and it unified a bitterly divided country. By the time of the Japanese surrender, the Great Depression was over and America had been transformed. This isn’t to deny that there were fierce arguments, at the time and ever since, about the causes and goals of both the Civil War and the Second World War. But 1861 and 1941 each created a common national narrative (which happened to be the victors’ narrative): both wars were about the country’s survival and the expansion of the freedoms on which it was founded. Nothing like this consensus has formed around September 11th. On the interstate south of Mount Airy, there’s a recruiting billboard with the famous image of marines raising the flag at Iwo Jima, and the slogan “For Our Nation. For Us All.” In recent years, “For Us All” has been a fantasy. Indeed, the decade since the attacks has destroyed the very possibility of a common national narrative in this country.
  • “We are at war against terror.” Those were fateful words. Defining the enemy by its tactic was a strange conceptual diversion that immediately made the focus too narrow (what about the ideology behind the terror?) and too broad (were we at war with all terrorists and their supporters everywhere?). The President could have said, “We are at war against Al Qaeda,” but he didn’t. Instead, he escalated his rhetoric, in an attempt to overpower any ambiguities. Freedom was at war with fear, he told the country, and he would not rest until the final victory. In short, the new world of 2001 looked very much like the bygone worlds of 1861 and 1941. The President took inspiration from a painting, in the White House Treaty Room, depicting Lincoln on board a steamship with Generals Grant and Sherman: it reminded Bush of Lincoln’s “clarity of purpose.” The size of the undertaking seemed to give Bush a new comfort. His entire sense of the job came to depend on being a war President.
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  • What were the American people to do in this vast new war? In his address to Congress on September 20, 2001—the speech that gave his most eloquent account of the meaning of September 11th—the President told Americans to live their lives, hug their children, uphold their values, participate in the economy, and pray for the victims. These quiet continuities were supposed to be reassuring, but instead they revealed the unreality that lay beneath his call to arms. Wasn’t there anything else? Should Americans enlist in the armed forces, join the foreign service, pay more taxes, do volunteer work, study foreign languages, travel to Muslim countries? No—just go on using their credit cards. Bush’s Presidency would emulate Woodrow Wilson’s and Warren G. Harding’s simultaneously. Never was the mismatch between the idea of the war and the war itself more apparent. Everything had changed, Bush announced, but not to worry—nothing would change.
  • At the time of the attacks, few educated Americans born after 1950 had any direct experience of war or persecution or cataclysmic failure. After 9/11, this gap in the résumés of intellectuals gave them both a sense of inadequacy—an outbreak of envy for the Greatest Generation—and a compensatory tendency to inflate the drama of the war on terror and their own role in it. This took place at a level of abstraction that is made possible when the fighting is eight thousand miles away. As a result, a number of the country’s best minds mistook the post-September 11th era for a new American golden age.
  • After the attacks, Americans asked, “Why do they hate us?” This turned out to be the wrong line of inquiry. The most pressing questions were about us, not them: our leaders, our institutions, our ability to act as a cohesive nation and make rational decisions, our power to take action abroad in a way that would not be a self-defeating waste. Starting with the intelligence failures that did not foresee the attacks, every major American institution flunked the test of the September 11th decade. The media got the W.M.D.s wrong. The military failed to plan for chaos in postwar Iraq. Congress neglected its oversight duties. The political system produced no statesmen. C.E.O.s and financiers couldn’t see past short-term profits. The Bush Administration had one major success: it succeeded in staving off another terrorist attack in America. It botched almost everything else.
  • After 9/11, life in America changed in a few palpable ways: you needed I.D. to get into an office building, and boarding an airplane became an ordeal. But all the structural trends stayed on course: the stock market, after a setback, maintained its relentless upward climb; inequality soared, as Wall Street fortunes reached unimaginable new heights, while average wages began to decline; just about every remaining textile job in Surry County disappeared; Americans sank deeper into debt and depended more on their houses for wealth; the iMac progressed to the iPad; CBS News continued its descent into irrelevance and Fox News its corrosive rise, while newspapers kept cutting back or closing shop. The political division of America into red and blue hardened into the mutually hostile and unintelligible universes in which we live today. Bush, already viewed as illegitimate by many Democrats, became one of the most hated Presidents in American history; the writer Nicholson Baker even published a novella about the merits of assassinating him. Meanwhile, the Republican Party fell completely under the control of its most extreme elements, and “traitor” became a routine term for its opponents. For all the talk of national unity and a new sense of purpose, the terror attacks did nothing to bring together the country. America after September 11th was like a couch potato who survives a heart attack, vows to start a strict regimen of diet and exercise, and after a few weeks still finds himself camped out in the living room.
  • The Bush Administration collapsed in the late summer of 2005—not in Falluja or Kandahar but in the submerged neighborhoods of New Orleans. The response to Hurricane Katrina gave Americans such a devastating picture of official failure that it suggested something fatally wrong with an entire approach to governing. Iraq, of course, had provided evidence of high-level arrogance, incompetence, and neglect for two years, and Afghanistan for even longer than that, but, because these places were far away and American troops were risking their lives to serve the nation, the public wasn’t ready to withdraw its support. When the footage came out of the Gulf Coast—when, for the second time in four years, a great American city looked like Kabul or Kinshasa—it was Iraq in fast motion, and right around the corner. Government at all levels, but especially in Washington, had failed to plan for the worst outcome, even when the entire country saw it coming. An Administration staffed by cronies neglected to take care of citizens for whom it had the greatest responsibility. Katrina made brutally clear that the White House had substituted passive, self-congratulatory bravado for serious organized effort. Like Iraq, New Orleans represented a failure of individual leaders, but also of national institutions.
  • After Katrina, support for the Iraq war evaporated. Having been asked for very little ever since September 11th, other than to take the Administration’s way on faith, Americans had little trouble reframing their allegiances. This was the price of a foreign policy based on assertion rather than on persuasion. The war on terror had been a kind of confidence game: it depended on a belief in American virtue and ability that had proved unwarranted. With the exception of his advocacy of the surge, in 2007, Bush became an increasingly irrelevant figure, and his foreign policy crawled away from grand projects for “world order.” When Vice-President Cheney called for new wars with Iran and Syria, there were no takers.
  • In the years after Katrina, Americans began to see that the same unstable combination of hoopla and neglect that had characterized the war on terror also characterized the decade’s supposed economic boom. While the media were riveted by the spectacle of celebrity wealth, large areas of the country were—like Surry County—left to rot. The boom had been built on sand: housing speculation, overvalued stocks, reckless deregulation, irresponsible deficits. When the foundation started to crumble with the first wave of mortgage defaults, in 2007, the scale of the destruction became the latest of the decade’s surprises. Hardly anyone foresaw how far the economy would fall; hardly anyone imagined how many people it would take on the way down. Even the economic advisers of the next Administration badly misjudged the crisis. The trillions of dollars spent and, often, misspent on wars and domestic bureaucracies were no longer available to fill the hole left by the implosion of the private economy. Reborn champions of austerity pointed to the deficits in order to make the case that the country couldn’t afford to spend its way back to health. And, like the attacks that were supposed to change everything, the recession—which was given the epithet “Great” and was constantly compared with the Depression of the nineteen-thirties—inspired very little change in economic policy. Without effective leadership, the country blindly reverted to the status quo ante, with the same few people making a lot of money, if a little less than before, and the same people doing badly, if a little worse.
  • This malignant persistence since September 11th is the biggest surprise of all. In previous decades, sneak attacks, stock-market crashes, and other great crises became hinges on which American history swung in dramatically new directions. But events on the same scale, or nearly so, no longer seem to have that power; moneyed interests may have become too entrenched, élites too self-seeking, institutions too feeble, and the public too polarized and passive for the country to be shocked into fundamental change.
James Goodman

Occupy Wall Street's 'Political Disobedience' - NYTimes.com - 0 views

  • Our language has not yet caught up with the political phenomenon that is emerging in Zuccotti Park and spreading across the nation, though it is clear that a political paradigm shift is taking place before our very eyes. It’s time to begin to name and in naming, to better understand this moment. So let me propose some words: “political disobedience.”Occupy Wall Street is best understood, I would suggest, as a new form of what could be called “political disobedience,” as opposed to civil disobedience, that fundamentally rejects the political and ideological landscape that we inherited from the Cold War.
  • Civil disobedience accepted the legitimacy of political institutions, but resisted the moral authority of resulting laws. Political disobedience, by contrast, resists the very way in which we are governed: it resists the structure of partisan politics, the demand for policy reforms, the call for party identification, and the very ideologies that dominated the post-War period.
  • Occupy Wall Street, which identifies itself as a “leaderless resistance movement with people of many … political persuasions,” is politically disobedient precisely in refusing to articulate policy demands or to embrace old ideologies. Those who incessantly want to impose demands on the movement may show good will and generosity, but fail to understand that the resistance movement is precisely about disobeying that kind of political maneuver. Similarly, those who want to push an ideology onto these new forms of political disobedience, like Slavoj Zizek or Raymond Lotta, are missing the point of the resistance.
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  • One way to understand the emerging disobedience is to see it as a refusal to engage these sorts of  worn-out ideologies rooted in the Cold War. The key point here is that the Cold War’s ideological divide — with the Chicago Boys at one end and the Maoists at the other — merely served as a weapon in this country for the financial and political elite: the ploy, in the United States, was to demonize the chimera of a controlled economy (that of the former Soviet Union or China, for example) in order to prop up the illusion of a free market and to legitimize the fantasy of less regulation — of what was euphemistically called “deregulation.” By reinvigorating the myth of free markets, the financial and political architects of our economy over the past three plus decades — both Republicans and Democrats — were able to disguise massive redistribution toward the richest by claiming they were simply “deregulating” when all along they were actually reregulating to the benefit of their largest campaign donors.
  • This ideological fog blinded the American people to the pervasive regulatory mechanisms that are necessary to organize a colossal late-modern economy and that necessarily distribute wealth throughout society — and in this country, that quietly redistributed massive amounts of wealth to the richest 1 percent. Many of the voices at Occupy Wall Street accuse political ideology on both sides, on the side of free markets but also on the side of big government, for serving the few at the expense of the other 99 percent — for paving the way to an entrenched permissive regulatory system that “privatizes gains and socializes losses.”
  • The central point, of course, is that it takes both a big government and the illusion of free markets to achieve such massive redistribution. If you take a look at the tattered posters at Zuccotti Park, you’ll see that many are intensely anti-government and just as many stridently oppose big government.Occupy Wall Street is surely right in holding the old ideologies to account. The truth is, as I’ve argued in a book, “The Illusion of Free Markets,” and recently in Harper’s magazine, there never have been and never will be free markets. All markets are man-made, constructed, regulated and administered by often-complex mechanisms that necessarily distribute wealth — that inevitably distribute wealth — in large and small ways. Tax incentives for domestic oil production and lower capital gains rates are obvious illustrations. But there are all kinds of more minute rules and regulations surrounding our wheat pits, stock markets and economic exchanges that have significant wealth effects: limits on retail buyers flipping shares after an I.P.O., rulings allowing exchanges to cut communication to non-member dealers, fixed prices in extended after-hour trading, even the advent of options markets. The mere existence of a privately chartered organization like the Chicago Board of Trade, which required the state of Illinois to criminalize and forcibly shut down competing bucket shops, has huge redistributional wealth effects on farmers and consumers — and, of course, bankers, brokers and dealers.
  • The semantic games — the talk of deregulation rather than reregulation — would have been entertaining had it not been for their devastating effects. As the sociologist Douglas Massey minutely documents in “Categorically Unequal,” after decades of improvement, the income gap between the richest and poorest in this country has dramatically widened since the 1970s, resulting in what social scientists now refer to as U-curve of increasing inequality. Recent reports from the Census Bureau confirm this, with new evidence last month that “the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.” Today, 27 percent of African-Americans and 26 percent of Hispanics in this country — more than 1 in 4 — live in poverty; and 1 in 9 African-American men between the ages of 20 and 34 are incarcerated.
  • On this account, the fundamental choice is no longer the ideological one we were indoctrinated to believe — between free markets and controlled economies — but rather a continuous choice between kinds of regulation and how they distribute wealth in society. There is, in the end, no “realistic alternative,” nor any “utopian project” that can avoid the pervasive regulatory mechanisms that are necessary to organize a complex late-modern economy — and that’s the point. The vast and distributive regulatory framework will neither disappear with deregulation, nor with the withering of a socialist state. What is required is constant vigilance of all the micro and macro rules that permeate our markets, our contracts, our tax codes, our banking regulations, our property laws — in sum, all the ordinary, often mundane, but frequently invisible forms of laws and regulations that are required to organize and maintain a colossal economy in the 21st-century and that constantly distribute wealth and resources.
  • In the end, if the concept of “political disobedience” accurately captures this new political paradigm, then the resistance movement needs to occupy Zuccotti Park because levels of social inequality and the number of children in poverty are intolerable. Or, to put it another way, the movement needs to resist partisan politics and worn-out ideologies because the outcomes have become simply unacceptable. The Volcker rule, debt relief for working Americans, a tax on the wealthy — those might help, but they represent no more than a few drops in the bucket of regulations that distribute and redistribute wealth and resources in this country every minute of every day. Ultimately, what matters to the politically disobedient is the kind of society we live in, not a handful of policy demands.
James Goodman

The Republicans' war on science and reason - The Washington Post - 0 views

  • Last month, Washington Post columnist Steve Pearlstein wrote that if you wanted to come up with a bumper sticker that defined the Republican Party’s platform it would be this: “Repeal the 20th century. Vote GOP.” With their unrelenting attempts to slash Social Security, end Medicare and Medicaid and destroy the social safety net, Republicans are, indeed, on a quest of reversal. But they have set their sights on an even bolder course than Pearlstein acknowledges in his column: It’s not just the 20th century they have targeted for repeal; it’s the 18th and 19th too. The 18th century was defined, in many ways, by the Enlightenment, a philosophical movement based on the idea that reason, rational discourse and the advancement of knowledge, were the critical pillars of modern life. The leaders of the movement inspired the thinking of Charles Darwin, Thomas Jefferson and Ben Franklin; its tenets can be found in the Declaration of Independence and the U.S. Constitution. But more than 200 years later, those basic tenets — the very notion that facts and evidence matter — are being rejected, wholesale, by the 21st-century Republican Party.
  • The contempt with which the party views reason is staggering. Republicans have become proudly and unquestionably anti-science. (It is their litmus test, though they would probably reject the science behind litmus paper.) With the exception of Jon Huntsman, who polls about as well as Darwin would in a Republican primary, the Republican presidential candidates have either denied the existence of climate change, denied that it has been caused — and can be reversed — by man, or apologized for once holding a different view. They have come to this conclusion not because the science is inconclusive, but because they believe, as a matter of principle, that scientific evidence is no evidence at all.It’s on that basis that Ron Paul can say of evolution, “I think it’s a theory and I don’t accept it as a theory.” It’s on that basis that Rick Perry can call evolution “it’s a theory that’s out there, but one that’s got some gaps in it.” And it’s on that same basis, that same rejection of science, that Perry can say, “I’m not sure anybody actually knows completely and absolutely how old the earth is.”
  • Maybe we shouldn’t be surprised. After all, this kind of behavior is constantly rewarded by the media. As Al Gore noted in “An Inconvenient Truth,” while fewer than 1 percent of peer-reviewed scientific journals questioned the reality of man-made global warming, about half of all journalistic accounts did. In an age where media is obsessed with balance, facts are sidelined in favor of dueling opinions and false equivalence. That one is based on reason and science, the other on neither, is treated as entirely irrelevant. It’s a system ripe for exploitation, and conservatives are happy to oblige.
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  • t seems worth reminding the candidates that these debates have been settled, many for decades, some for centuries and that the year is 2011, not 1611. In the coming decades, science — and a respect for science — will prove crucial to confronting our greatest global challenges, whether that means reducing our carbon footprint to combat climate change, finding new treatments and new cures to the diseases that ail us, or developing new innovations that can lift hundreds of millions out of poverty. We cannot afford to ignore the power of science or the problems we will need it to solve. Nor can we afford to make decisions about our economy, and our future, without reason or sound evidence. It’s time to take back the Enlightenment.
James Goodman

The Working Nation - NYTimes.com - 0 views

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    In our meritocratic culture, satisfying and stretching work has become a psychological necessity. More than ever before, we are defined by what we do. If you are of prime age and you are not in the labor force, or engaged in some deeply stretching activity like parenting, then you will begin to feel drained inside. If you are in a dysfunctional workplace with bad personal relationships and no clear purpose, a core piece of you will begin to degrade. If you are not earning enough money so you can feel respected, and live without desperate stress, you will begin to lose confidence and élan. And that is what's happening today. The labor force participation rate is at its lowest in decades. Millions are in part-time or low-wage jobs that don't come close to fulfilling their capacities. Millions more are in dysfunctional or unhealthy workplaces, but they don't feel they can leave because they don't think there are other jobs out there that pay the same amount.
James Goodman

Shareable: Hacking Home: Coliving Reinvents the Commune for a Networked Age - 0 views

  • In today’s America, almost 50 percent of adults in the United States are single, and more than a quarter of “households” are just an individual living alone. An increasing amount of social interaction happens online, rather than face-to-face. Living alone may allow us to focus on our own goals without distraction, but it robs us of the type of communication that only happens when people are relaxed and at home together. The spaces between work and life — which, in decades past, would have been filled with conversations over the dinner table — are collapsing. Coliving hacks this trend, infusing the blurring boundaries of work and leisure with new opportunities for inspiration, learning, and social innovation. Here, “home” is reinvented with a new purpose. It’s a community, an ethos, a series of opportunities for collaboration. And while most young professionals are flocking to urban centers like San Francisco to live in modest apartments, some are building a new American dream in once empty suburban McMansions and luxury downtown digs. In this new scheme, your network isn’t just your Facebook friends or business contacts; It includes your friends, influencers, ad hoc family, and your shared home.
  • The coliving movement may freely use terms like “commune” and “cooperative”, but this ain’t your grandma’s commune. Contemporary coliving builds on communal living practices, embracing a networked tech, business and science-fueled culture built upon innovation and realizing a better world through collaborative design.
  • Coliving has clear similarities to traditional communes and co-ops. Langton Labs, in particular, bears a strong resemblance to 20th-century cooperative living. It has a flat organizational structure, and most decisions are made on a group email list. “In building a community, we didn't pick an existing model and emulate it,” says Todd Huffman. “We designed everything from the ground up, and in doing so, have ended up evolving in parallel and developing mechanisms that are very similar to cooperatives or communes.” Unlike many prior communal living experiments, coliving spaces are externally oriented. They’re generally located in urban areas, often open to the public on a regular basis, and easy to move in and out of. The ideas brewing behind these doors are quickly realized and implemented in the world outside. Much of this is related to the 21st-century vision of sharing, which allows for a high level of individualism and experimentation. Previous community models were focused on equality, with participants renouncing privileges to adopt a group-oriented mentality. In today’s open-source world, collaboration relies on contributions from a diverse pool of individuals, and welcomes exceptionality.
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  • This phenomenon occurs across human culture: As our social organization has morphed from tight-knit groups to loose, technology-driven networks, we are supporting each other more and competing less. Sociologist Barry Wellman calls this networked individualism: our newfound ability to work together without losing sight of our internal goals. Accordingly, the coliving movement seeks out exceptional people, asking them not to give themselves up to a single cause, but to support each other’s exceptionality. This may be the key to a new definition of “home,” one which provides comfort and friends along with inspiration and innovation. As our social and professional landscapes shift, our concept of home is shifting too. By rebuilding their homes on a foundation of creative collaboration, coliving participants may next redefine the world by the same terms.
James Goodman

Project Renaissance, The State of Today's Culture - 0 views

  • Conscious/unconscious motivation First, we have to understand the difference between conscious and unconscious motivation. In every aspect of life, most people are acting consciously from one set of motivations but unconsciously are acting from very different motivations. For a century, behavioral science has been familiar with the phenomenon of people with poor self-image and self-expectations who, when faced with imminent "success" (however defined), drastically change what they were doing — for all kinds of rationalized reasons — to ward off that success and to self-sabotage themselves back to the familiar grounds of failure. Likewise, some of those who appear to be the very highest-minded people are frequently observed to be involved with arguments which serve their own stakes and beliefs and interests, despite clear commitment in other topical areas to objectivity and even to intellectual rigor. The people of whom one would expect the highest degree of objectivity and integrity, "above question," are often so far also above self-question as to be especially vulnerable to this effect. The more convinced, many times on many valid grounds, one is of one's own rectitude, the easier it is to not notice niggling contrary evidence or that one's own positions and actions are flowing from a different, less high-minded set of motives.
  • Behaviorally, it has become popular in recent decades to refer to everyone's having, beneath their human and cortical mind, a "reptilian" or "limbic" brain whose first concern is survival and whose next, second, concern is to keeping things much the way they already are. This "lower" brain pushes most of our buttons even when we think we are consciously making "high-minded" or objective, "rational" choices. Those among our readers here who are into the self-help literature have seen a lot of such discussion, and there is a fair amount of truth to it. Behavioral science has known for more than a century that the brain circuitry for every conscious act and decision and even stimulus, however much it may involve the "highest" regions of our cortex, also passes through such "limbic" organs and structures as the amygdala, thalamus and hypothalamus — the parts of our brain most concerned with emotion and patterned-reflex responses.
  • There is no act of intellect or high logic in human functioning which does not also involve, and which is not also affected, consciously or unconsciously and mostly unconsciously, by these organs for emotion and patterned-reflex response. The less we are conscious of this, the less we suspect the emotional biases of our own reasoning, the less we factor this dimension into account, and the more subject we are to acts and decisions whose outcome stems not from our "high" conscious minds but from our emotional reflexes.
James Goodman

Chris Hedges: A Decade After 9/11: We Are What We Loathe - Chris Hedges' Columns - Trut... - 0 views

  • Those who had some distance would indulge in the growing nationalist cant and calls for blood that would soon triumph over reason and sanity. Nationalism was a disease I knew intimately as a war correspondent. It is anti-thought. It is primarily about self-exaltation. The flip side of nationalism is always racism, the dehumanization of the enemy and all who appear to question the cause. The plague of nationalism began almost immediately. My son, who was 11, asked me what the difference was between cars flying small American flags and cars flying large American flags. “The people with the really big flags are the really big assholes,” I told him.
James Goodman

The Children of Aftermath | Truthout - 0 views

  • I have been at a loss, lo these last ten years, to figure out exactly what it takes to shake 21st century America out of its well-entrenched somnambulism. I don't think this bit of drivel will serve that purpose any more or less than the rest of the work I have done over the entirety of this foul decade. I ask only this: put aside your own pain on this day, and remember the children who have known only this. Make sure they know, really and truly know, that it has not always been this way, and so it does not always have to be this way.
James Goodman

Greed is Not a Virtue by David Korten - Agenda for a New Economy - 0 views

  • We humans are living out an epic morality play. For millennia humanity’s most celebrated spiritual teachers have taught that society works best and we all enjoy our greatest joy and fulfillment when we share, cooperate, and are honest in our dealings with one another.
  • But for the past few decades, this truth has been aggressively challenged by a faith called market fundamentalism—an immoral and counter-factual economic ideology that has assumed the status of a modern state religion. Its believers worship the God of money. Stock exchanges and global banks are their temples. They proclaim that everyone does best when we each seek to maximize our individual financial gain without regard to the
  • consequences for others. In the eyes of a market fundamentalist, to sacrifice profit for some presumed social or environmen
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  • al good is immoral. The result is a public culture that proclaims greed is a virtue and sharing is a s
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    David Korten: Profit-centered market fundamentalism has become a national religion. This is the fourteenth of a series of blogs based on excerpts adapted from the 2nd edition of Agenda for a New Economy: From Phantom Wealth to Real Wealth. I wrote Agenda to spur a national conversation on economic policy issues and options that are otherwise largely ignored. This blog series is intended to contribute to that conversation. -DK
James Goodman

The real causes of the economic crisis? They're history. - The Washington Post - 0 views

  • They say that winners get to write history. Three years after the meltdown of our financial markets, it’s clear who is winning and who is losing. Wall Street — arms outstretched in triumph — is racing toward the finish-line tape while millions of American families are struggling to stay on their feet. With victory seemingly in hand, the historical rewrite is in full swing. The contrast in fortunes between those on top of the economic heap and those buried in the rubble couldn’t be starker. The 10 biggest banks now control more than three-quarters of the country’s banking assets. Profits have bounced back, while compensation at publicly traded Wall Street firms hit a record $135 billion in 2010.
  • Meanwhile, more than 24 million Americans are out of work or can’t find full-time work, and nearly $9 trillion in household wealth has vanished. There seems to be no correlation between who drove the crisis and who is paying the price.The report of the Financial Crisis Inquiry Commission detailed the recklessness of the financial industry and the abject failures of policymakers and regulators that brought our economy to its knees in late 2008. The accuracy and facts of the commission’s investigative report have gone unchallenged since its release in January.So, how do you revise the historical narrative when the evidence of what led to economic catastrophe is so overwhelming and the events at issue so recent? You and your political allies just do it. And you bet on the old axiom that a lie is halfway around the world before the truth can tie its shoes.
  • If  you are Rep. Paul Ryan, you ignore the fact that our federal budget deficit has ballooned more than $1 trillion annually since the financial collapse. You disregard the reality that two-thirds of the deficit increase is directly attributable to the economic downturn and bipartisan fiscal measures adopted to bolster the economy. Instead of focusing on the real cause of the deficit, you conflate today’s budgetary disaster with the long-term challenges of Medicare so you can shred the social safety net.
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  • If you are Alan Greenspan, you retreat from your 2008 epiphany in which you acknowledged your “state of shocked disbelief” that “the whole intellectual edifice” of your deregulatory ideology had collapsed. Now, you condemn reform efforts as “the current ‘anything goes’ regulatory ethos” — a phrase that paradoxically recalls your own failed policies at the Federal Reserve. In short, after driving the economy over the cliff, you offer to give driving lessons.If you are JP Morgan’s chief investment officer, you refute the statement that your chairman and chief executive, Jamie Dimon, made to the FCIC in 2010 blaming the failures of major financial institutions on “the management teams 100 percent and . . . no one else.” You revise your opinion on the causes of the crisis to instead focus blame on government housing policies. The source for this newfound wisdom: shopworn data, produced by a consultant to the corporate-funded American Enterprise Institute, which was analyzed and debunked by the FCIC report.
  • If you are most congressional Republicans, you turn a blind eye to the sad history of widespread lending abuses that savaged communities across the country and pledge to block the appointment of anyone to head the new Consumer Financial Protection Bureau unless its authority is weakened. You ignore the evidence of pervasive excess that wrecked our financial markets and attempt to cut funding for the regulators charged with curbing it. Across the board, you refuse to acknowledge what went wrong and then try to stop efforts to make it right.Does historical accuracy matter? You bet it does.   Traveling down a road unfettered by facts will take us far from where we need to be: prosecuting financial wrongdoing to deter future malfeasance; vigorously enforcing financial reforms to rein in excessive risk; and rooting out Wall Street’s conflicts of interests, abysmal governance and badly flawed compensation incentives.Worst of all, it will divert us from the urgent task of putting people back to work and creating real wealth for America’s future. Over the past decade, we squandered trillions of dollars on rampant speculation rather than on making investments — in technology, infrastructure, clean energy and education — that increase our productivity and economic strength. The financial sector’s share of corporate profits climbed from 15 percent in 1980 to 33 percent by the early 2000s, while financial-sector debt soared from $3 trillion in 1978 to $36 trillion by 2007. With tens of millions still unemployed, isn’t it time to shift from an economy based on money making money to an economy based on money creating jobs and genuine prosperity?
James Goodman

The Sun Is the Best Optometrist - NYTimes.com - 0 views

  • WHY is nearsightedness so common in the modern world? In the early 1970s, 25 percent of Americans were nearsighted; three decades later, the rate had risen to 42 percent, and similar increases have occurred around the world.
  • Our genes were originally selected to succeed in a very different world from the one we live in today. Humans’ brains and eyes originated long ago, when we spent most of our waking hours in the sun. The process of development takes advantage of such reliable features of the environment, which then may become necessary for normal growth. Researchers suspect that bright outdoor light helps children’s developing eyes maintain the correct distance between the lens and the retina — which keeps vision in focus. Dim indoor lighting doesn’t seem to provide the same kind of feedback. As a result, when children spend too many hours inside, their eyes fail to grow correctly and the distance between the lens and retina becomes too long, causing far-away objects to look blurry.
  • There is significant evidence that the trait is inherited, so you might wonder why our myopic ancestors weren’t just removed from the gene pool long ago, when they blundered into a hungry lion or off a cliff. But although genes do influence our fates, they are not the only factors at play. In this case, the rapid increase in nearsightedness appears to be due to a characteristic of modern life: more and more time spent indoors under artificial lights.
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  • In short, the biological mechanism that kept our vision naturally sharp for thousands of sunny years has, under new environmental conditions, driven visual development off course. This capacity for previously well-adapted genes to be flummoxed by the modern world can account for many apparent imperfections. Brain wiring that effortlessly recognizes faces, animals and other symmetrical objects can be thrown off by letters and numbers, leading to reading difficulties. A restless nature was once helpful to people who needed to find food sources in the wild, but in today’s classrooms, it’s often classified as attention deficit hyperactivity disorder. When brains that are adapted for face-to-face social interactions instead encounter a world of e-mail and Twitter — well, recent headlines show what can happen.
  • Luckily, there is a simple way to lower the risk of nearsightedness, and today, the summer solstice — the longest day of the year — is the perfect time to begin embracing it: get children to spend more time outside. Parents concerned about their children’s spending time playing instead of studying may be relieved to know that the common belief that “near work” — reading or computer use — leads to nearsightedness is incorrect. Among children who spend the same amount of time outside, the amount of near work has no correlation with nearsightedness. Hours spent indoors looking at a screen or book simply means less time spent outside, which is what really matters. This leads us to a recommendation that may satisfy tiger and soccer moms alike: if your child is going to stick his nose in a book this summer, get him to do it outdoors.
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