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Arabica Robusta

The time of the nation: negotiating global modernity | openDemocracy - 0 views

  • This depoliticised nature of the contemporary, seen as the conceptual and experiential embodiment of globalised capitalism, consequently poses problems far more significant than the mere survival of the nation-state.
  • Undoubtedly, since the demise of the postmodern epoch in the popular and academic imagination, the acceleration of technological forces in commerce and communication - that have paved the way for increased capital accumulation, exchange and crisis - have only heightened what Foucault and Jameson gesture towards as a lived sensation of pure simultaneity.
  • In opposition to the crisis of the political generated by the false amalgamation of coeval living experiences, we might propose the concept of modernity; a concept that the nation-state might be perfectly situated to help elucidate. On this model, I would argue, modernity can be seen as linked to a increased self-consciousness of a secular conception of one's individual finitude (in the form of mortality but also one's personal and societal limits), and the collective negotiation of this issue via a democratic politics.
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  • Undoubtedly some of the impotence of movements such as Occupy can be attributed to the same false utopianism of a borderless world of cyber-communities and multinational companies, whose liberating effects have been a far cry from lived reality.
  • However, the heterotopian potential of the nation-state is vividly problematised through the realisation that twentieth or twenty-first century globalisation, divorced and independent of the influence of varying nation-states, is in fact a fallacy.
  • The question then becomes: how to conceive of the self-determining impulse of modernity - here encapsulated in nationalism - in the form of a  socio-political body that would be capable of maintaining that impulse through preserving the logic of democracy, and foster the requisite representative power in opposition to the power of transnational capitalism?
  • Borders are no longer simply dotted lines between nation-states, but often manifest themselves as ‘spontaneous’ entities such as security and health check zones all over major social and transit spaces, particularly in Europe and the West.
  • But how to conceive of a democratic entity powerful enough to appropriate the multiplicity and heterogeneity of globalised borders, that would also be able to withstand, what Balibar outlines as "the risk of being a mere arena for the unfettered domination of the private centres of power, which monopolise capital, communications and, perhaps also, arms"?
  • If this modern or modernist kernel is latent within the nation-state, then a significant reconfiguration is required since the language of nationhood and nationalism is certainly not one of contingent universality. Rather it is one of mythology: mythologies of ethnicity, of genealogy, of autochthony.
  • If we cannot do away with borders, then they must remain out of necessity. This necessity is discrimination. As Nairn rightly argues, "cultures...depend upon conflicts unsustainable without borders". Contrasts and distinctions are internal to any logic of identity, as Balibar similarly suggests; "the very representation of the border is the precondition for any definition". Once identity is philosophically understood as differential and not self-sufficient, globalisation raises a very modernist dilemma. How to make the very diversity (of choices, cultures, of the new) that modernisation and globalisation make possible, resist the paralysing repetitive logic of what Walter Benjamin terms the 'ever-same' (i.e. the temporality of the contemporary)?
  • The mythological language of nationalism asserts an enduring order, paradoxically so inasmuch as the precise origin or origins of any nationalist discourse remain a shrouded mystery. Myth, as structurally detached from historical or circumstantial origin, becomes a vehicle of interpretation and pathos, splitting into a potentially infinite number of manifestations in each 'national' subject (where each standardised narrative is appropriated as a personal one).
  • By arguing the case for global modernity in the form of the nation-state, however, one faces the immediate problem that modernity is almost unthinkable without capitalism (despite any such attempt to render modernity as a democratising force tied to a conception and experience of time).
  • Although the European tradition has established laws and institutions (including the nation-state) that remain significantly flawed, these still provide a democratic logic that guarantees the possibility of revision, of perfectibility, of the future. If the nation-state can embody a heterotopic space that permits identification through processes of willed negotiation and division, guaranteeing the possibility of the present to always be changed, then it might still serve as a tool for resistance.
Arabica Robusta

Bourdieu on neoliberalism - 0 views

  • Without a doubt, the practical establishment of this world of struggle would not succeed so completely without the complicity of all of the precarious arrangements that produce insecurity and of the existence of a reserve army of employees rendered docile by these social processes that make their situations precarious, as well as by the permanent threat of unemployment. This reserve army exists at all levels of the hierarchy, even at the higher levels, especially among managers. The ultimate foundation of this entire economic order placed under the sign of freedom is in effect the structural violence of unemployment, of the insecurity of job tenure and the menace of layoff that it implies. The condition of the "harmonious" functioning of the individualist micro-economic model is a mass phenomenon, the existence of a reserve army of the unemployed.
  • Economists may not necessarily share the economic and social interests of the true believers and may have a variety of individual psychic states regarding the economic and social effects of the utopia which they cloak with mathematical reason. Nevertheless, they have enough specific interests in the field of economic science to contribute decisively to the production and reproduction of belief in the neoliberal utopia. Separated from the realities of the economic and social world by their existence and above all by their intellectual formation, which is most frequently purely abstract, bookish, and theoretical, they are particularly inclined to confuse the things of logic with the logic of things.
  • All direct and conscious intervention of whatever kind, at least when it comes from the state, is discredited in advance and thus condemned to efface itself for the benefit of a pure and anonymous mechanism, the market, whose nature as a site where interests are exercised is forgotten. But in reality, what keeps the social order from dissolving into chaos, despite the growing volume of the endangered population, is the continuity or survival of those very institutions and representatives of the old order that is in the process of being dismantled, and all the work of all of the categories of social workers, as well as all the forms of social solidarity, familial or otherwise.
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  • Like it or not, the public interest will never emerge, even at the cost of a few mathematical errors, from the vision of accountants (in an earlier period one would have said of "shopkeepers") that the new belief system presents as the supreme form of human accomplishment.
Arabica Robusta

Can democracy save the planet? | openDemocracy - 0 views

  • The questions addressed included: can a world of 9-10 billion people vote its way to a sustainable future - or are new forms of leadership (even forms of authoritarian rule) going to be necessary? Are the rising global powers (China, India and Brazil among them) best placed to move towards more sustainable forms of development?
  • What of the link between democracy and sustainable development? Most respondents held that voter pressure meant that democracy was of benefit to sustainable development. Yet consultation with a more specialised group of experts found that only 28% believed that capitalism (often paired with democracy in its liberal variant) aided sustainable development, against 36% who said that capitalism inhibited it. Overall, Doug Miller saw in the figures an activation of people's survival instinct: as the planet "speaks" through extreme weather events, citizens are starting to listen.
  • Many of the issues the roundtable addressed had been highlighted in a keynote paper commissioned ahead of the meeting from Ian Christie. This made four basic propositions about democracy, ecologically sustainable development, and environmental/sustainability campaign organisations (SD-NGOs). He argued that together, these phenomena offer a paradox about the relationship between democracy, civil society and sustainability; and that resolving it is now an urgent and complex task - for the west, for newly industrialised democracies, and for emergent democratic civil society in the global south.
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  • Democracy poses huge problems for sustainable development. In the advanced liberal capitalist states, democracy is tightly coupled to the promise of economic growth, ever-rising consumption and individual freedom. Democracy in such states now entrenches the interests of the affluent majority and well-funded lobbies in the political system (a point analysed by, among others, JK Galbraith and Mancur Olson).
  • Environmental/sustainability campaign organisations (SD-NGOs) are a massive success for civil society worldwide. Without them, we would not have anything like the progress we have seen in the past half-century in protecting the environment, cutting pollution, raising resource efficiency, highlighting linked issues of environmental and social injustice, and saving wildlife and habitats from destruction. Without them, the discourse and practice of sustainable development would not have become established in governments worldwide, and huge issues such as climate disruption would not have been acknowledged or tackled sufficiently by governments and businesses.
  • SD-NGOs are a massive failure by their own standards. For nearly fifty years they have campaigned and educated citizens and governments and businesses worldwide; yet ecological damage continues on a vast scale, environmental injustices abound, and dangerous climate disruption seems to be unavoidable. SD-NGOs have achieved limited gains in specific areas of policy but have failed to mobilise and energise citizens on a large enough scale to put real pressure on politicians and businesses in the west and beyond. Moreover, they lack clear answers to challenges to their own legitimacy and accountability, and have sometimes spoken as though they were representative voices of "civil society", when in fact they constitute a small and highly unrepresentative section of it in many countries.
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    a Consultation on Democracy and Sustainability was held at the Science Museum in London on 18 March 2008. It was convened by the Environment Foundation, the 21st Century Trust and SustainAbility, and supported by the Esmée Fairbairn Foundation. The questions addressed included: can a world of 9-10 billion people vote its way to a sustainable future - or are new forms of leadership (even forms of authoritarian rule) going to be necessary? Are the rising global powers (China, India and Brazil among them) best placed to move towards more sustainable forms of development? Democracy has a central role to play in any discussion of the future of the planet. But democracy is in trouble in many parts of the world, and must - if it is to deliver, remain relevant and meet people's needs and aspirations - mutate and evolve (see Larry Diamond, "The Democratic Rollback", Foreign Affairs [March-April 2008]).
Arabica Robusta

Tibet, Palestine and the politics of failure | openDemocracy - 0 views

  • The victims of "post-colonial sequestration", by contrast, failed to make it past the barrier of independence and international recognition. Instead they fell into a state of half-recognised, but contested, existence. After the war of 1948-49 the "Palestine question" disappeared almost entirely from the international scene, only to re-emerge with the defeat of the Arab armies in the six-day war of 1967. Tibet too has undergone long years of neglect in the international arena, punctuated by periodic (and notably near-half-century) reincarnations of interest: the bloody British occupation of Lhasa in 1904-05, the insurrection against Chinese rule and flight of the Dalai Lama in 1959, and now the uprising of March 2008 (see Gabriel Lafitte, "Tibet: revolt with memories", 18 March 2008).
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    The victims of "post-colonial sequestration", by contrast, failed to make it past the barrier of independence and international recognition. Instead they fell into a state of half-recognised, but contested, existence. After the war of 1948-49 the "Palestine question" disappeared almost entirely from the international scene, only to re-emerge with the defeat of the Arab armies in the six-day war of 1967. Tibet too has undergone long years of neglect in the international arena, punctuated by periodic (and notably near-half-century) reincarnations of interest: the bloody British occupation of Lhasa in 1904-05, the insurrection against Chinese rule and flight of the Dalai Lama in 1959, and now the uprising of March 2008 (see Gabriel Lafitte, "Tibet: revolt with memories", 18 March 2008).
tony curzon price

Xenophon, Works on Socrates - 0 views

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    "When a sheep is ailing," said Socrates, "we generally blame the shepherd, and when a horse is vicious, we generally find fault with his rider. In the case of a wife, if she receives instruction in the right way from her husband and yet does badly, perhaps she should bear the blame; but if the husband does not instruct his wife in the right way of doing things, and so finds her ignorant, should he not bear the blame himself? [12] Anyhow, Critobulus, you should tell us the truth, for we are all friends here. Is there anyone to whom you commit more affairs of importance than you commit to your wife?" "There is not." "Is there anyone with whom you talk less?" "There are few or none, I confess." [13] "And you married her when she was a mere child and had seen and heard almost nothing?" "Certainly." "Then it would be far more surprising if she understood what she should say or do than if she made mistakes." [14] "But what of the husbands who, as you say, have good wives, Socrates? Did they train them themselves?" "There's nothing like investigation. I will introduce Aspasia to you, and she will explain the whole matter to you with more knowledge than I possess. [15] I think that the wife who is a good partner in the household contributes just as much as her husband to its good; because the incomings for the most part are the result of the husband's exertions, but the outgoings are controlled mostly by the wife's dispensation. If both do their part well, the estate is increased; if they act incompetently, it is diminished. [16] If you think you want to know about other branches of knowledge, I fancy I can show you people who acquit themselves creditably in any one of them."
Dripa B

A Basic Income for All | Philippe Van Parijs (2000) - 0 views

  • productivity, wealth, and national incomes have advanced sufficiently far to support an adequate UBI. And if enacted, a basic income would serve as a powerful instrument of social justice: it would promote real freedom for all by providing the material resources that people need to pursue their aims. At the same time, it would help to solve the policy dilemmas of poverty and unemployment, and serve ideals associated with both the feminist and green movements.
  • in 1999, the Alaska Permanent Fund paid each person of whatever age who had been living in Alaska for at least one year an annual UBI of $1,680.
  • By universal basic income I mean an income paid by a government, at a uniform level and at regular intervals, to each adult member of society. The grant is paid, and its level is fixed, irrespective of whether the person is rich or poor, lives alone or with others, is willing to work or not. In most versions–certainly in mine–it is granted not only to citizens, but to all permanent residents.
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  • The idea of the UBI is at least 150 years old. Its two earliest known formulations were inspired by Charles Fourier, the prolific French utopian socialist. In 1848, while Karl Marx was finishing off the Communist Manifesto around the corner, the Brussels-based Fourierist author Joseph Charlier published Solution of the Social Problem, in which he argued for a "territorial dividend" owed to each citizen by virtue of our equal ownership of the nation’s territory. The following year, John Stuart Mill published a new edition of his Principles of Political Economy, which contains a sympathetic presentation of Fourierism ("the most skillfully combined, and with the greatest foresight of objections, of all the forms of Socialism") rephrased so as to yield an unambiguous UBI proposal: "In the distribution, a certain minimum is first assigned for the subsistence of every member of the community, whether capable or not of labour. The remainder of the produce is shared in certain proportions, to be determined beforehand, among the three elements, Labour, Capital, and Talent."
  • It was seriously discussed by left-wing academics such as G. D. H. Cole and James Meade in England between the World Wars and, via Abba Lerner, it seems to have inspired Milton Friedman’s proposal for a "negative income tax."6 But only since the late-1970s has the idea gained real political currency in a number of European countries, starting with the Netherlands and Denmark.
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    If you really care about freedom, give people an unconditional income at a level sufficient for subsistence. Productivity, wealth, and national incomes have advanced sufficiently far to support an adequate UBI. And if enacted, a basic income would serve as a powerful instrument of social justice: it would promote real freedom for all by providing the material resources that people need to pursue their aims. At the same time, it would help to solve the policy dilemmas of poverty and unemployment, and serve ideals associated with both the feminist and green movements.
Susan Thur

YouTube - Blood, Sweat & Tears in the Gulf-Oil Spill 2010 Full Copy - 0 views

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    "http://www.youtube.com/watch?v=tyuSYUGqUTQ" My video on Youtube about the oil spill 2010. Blood, Sweat & Tears in the Gulf-Oil Spill 2010 Oil spill photos set to music. Blood Music (Moody Blues - The Voyage) Sweat Music (The Business of America) Tears Music (Moody Blues - Melancholy Man) A Way of Life Music (Phil Collins - Look Through My Eyes) I selected music relevant to the photos. The video was done in 5 segments. One called Blood, one called Sweat, one called Tears and one called A Way of Life with a finale added to display website organizations to save the coast. I wanted to make a video that relayed what was happening here in the Southern United States--the huge price that was paid-the Blood, the hard work that will go on for a long time-the Sweat, the worry of lost lifestyle, culture and livelihood-the Tears and to give the viewer an idea about A Way of Life that is enjoyed and is special to us with the song (Look Through My Eyes)
tony curzon price

Britain's future: Labour candidates respond | openDemocracy - 0 views

  • Britain’s future: Labour candidates’s view
    • tony curzon price
       
      Anthony - nice to see this was picked up by the observer - see: http://politics.guardian.co.uk/constitution/story/0,,2099735,00.html
    • Anthony Barnett
       
      Yes, they wanted exclusive first right and I gave it them. What you can see in the paper edition but not on the web, it that they put the story at the top of the page on the right hand column. Positioning is much more than half the story in a newspaper. Its layout tells people what to read. Is it the same onthe web?
  • I am agnostic on the need for a written constitution, because of the power it hands to the judges.
  • so I let's have a national debate.
    • tony curzon price
       
      "let's have a national debate" ... this seems to be a today-program, motherhood-apple-pie mantra. what is this national debate? where is it to be had? on radio4?
    • tony curzon price
       
      see Cruddas below - getting a bit more specific on what a "national debate" might mean
    • Anthony Barnett
       
      Benn's remark is rhetoric. Harmann above has thought about the need for mechanisms for ensuring public respect. The issue is a defining one. A wonderful constitution produced from Brown's inside pocket will be scorned as the gimmick of a 'Scot'. A less well worded one that emerges from a South African style process which people feel they 'own' could initiate a democratic process. What matters is not that it is written but how it is written!
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  • It needs to be relevant to the man or woman in the street as a way of restoring trust in politics.
    • tony curzon price
       
      is the constitution being asked to do too much. the mistrust of politics has many sources; the real powerlessness of national governments over many of the areas they pretend to rule is one. there is a whole process of resetting expectations that a consittuional convention is unlikely to do. in fact, there is the risk that a constitution will raise hopes that _it_ cannot fulfill, and contribute to the mistrust.
  • Gordon Brown has spoken of the need to empower communities at a local level. Should the decentralization of power and money to local authorities form part of any new ‘constitutional settlement’?
    • tony curzon price
       
      not one of the candidates raises the BIG RED FLAG of localism: how do you continue to operate redistributive policies when income, wealth and opportunity differences are geographical?
  • evise but not block
    • tony curzon price
       
      I wonder what "revise but not block" actually means ... if you can revise a piece of legislation out of all shape, that is tantamount to blocking, no? and once the body is elected, does equal legitimacy not entail equal power?
  • We need a public debate
    • tony curzon price
       
      another public debate ... see above. again - who with? how? and what is the outcome of a "public debate" worth looking at this article: http://www.opendemocracy.net/democracy-edemocracy/idcard_2537.jsp by sara forsstrom, about the Swedish database ... that goes back to the 17th century. Trustworthy states can have databases; so how do we make the state trustworthy? maybe exchanging access to our personal information with access to its private information?
tony curzon price

RGE Monitor - 0 views

  • It is now clear that the delusional hope that the severe credit and liquidity crunch that hit US and global financial markets would ease has been shattered by the events of the last few weeks. This credit crunch is getting much worse and its financial and real fallout will be severe. The amount of losses that financial institutions have already recognized - $20 billion – is just the very tip of the iceberg of much larger losses that will end up in the hundreds of billions of dollars. At stake – in subprime alone – is about a trillion of sub-prime related RMBS and hundreds of billions of mortgage related CDOs. But calling this crisis a sub-prime meltdown is ludicrous as by now the contagion has seriously spread to near prime and prime mortgages. And it is spreading to subprime and near prime credit cards and auto loans where deliquencies are rising and will sharply rise further in the year ahead. And it is spreading to every corner of the securitized financial system that is either frozen or on the way to freeze: CDOs issuance is near dead; the LBO market – and the related leveraged loans market – is piling deals that have been postponed, restructured or cancelled; the liquidity squeeze in the interbank market – especially at the one month to three months maturities - is continuing; the losses that banks and investment banks will experience in the next few quarters will erode their Tier 1 capital ratio; the ABCP and related SIV sectors are near dead and unraveling; and since the Super-conduit will flop the only options are those of bringing those SIV assets on balance sheet (with significant capital and liquidity effects) or sell them at a large loss; similar problems and crunches are emerging in the CLO, CMO and CMBS markets; junk bonds spreads are widening and corporate default rates will soon start to rise. Every corner of the securitization world is now under severe stress, including so called highly rated and “safe” (AAA and AA) securities.
  • This is indeed the message that comes from true market prices – that are not indirectly available via the ABX indices. Those prices tell you not only that the mezzanine and equity tranches of subprime CDOs are now worth close to zero; they also tell you that prices for the AAA and AA tranches – that until recently were hovering near par of 100 – are now down to 79 and 50 respectively. Hundreds of billions of subprime RMBS and senior tranches of CDOs are still being evaluated as if they are worth 100 cents on the dollar. What the ABX is telling you is that they are worth much less; thus the losses from subprime alone are an order of magnitude larger than recognized by most firms.  But most firms are not using such market prices – or their proxies – to value their illiquid assets.
tony curzon price

Full transcript of Blair speech | Top News | Reuters - 0 views

  • New forms of communication would provide new outlets to by-pass the increasingly shrill tenor of the traditional media. In fact, the new forms can be even more pernicious, less balanced, more intent on the latest conspiracy theory multiplied by five.
  • But here is also the opportunity. At present, we are all being dragged down by the way media and public life interact. Trust in journalists is not much above that in politicians. There is a market in providing serious, balanced news. There is a desire for impartiality. The way that people get their news may be changing; but the thirst for the news being real news is not.
  • It is sometimes said that the media is accountable daily through the choice of readers and viewers. That is true up to a point. But the reality is that the viewers or readers have no objective yardstick to measure what they are being told. In every other walk of life in our society that exercises power, there are external forms of accountability, not least through the media itself. So it is true politicians are accountable through the ballot box every few years. But they are also profoundly accountable, daily, through the media, which is why a free press is so important.
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  • the viewers or readers have no objective yardstick to measure what they are being told. In every other walk of life in our society that exercises power, there are external forms of accountability, not least through the media itself.
  • The damage saps the country's confidence and self-belief; it undermines its assessment of itself, its institutions; and above all, it reduces our capacity to take the right decisions, in the right spirit for our future.
    • tony curzon price
       
      Blair says that the criticism from the media "saps the country's confidence .... its ability to take the right decisions..." Maybe he is being punished for taking what are judged to have been some hugely important and _wrong_ decisions. Blair shoots the messenger of the judgement of his policies ... can this be credible?
tony curzon price

ePolitix.com - Gordon Brown: Conference speech in full - 0 views

  • And let me say that commitment to international action on justice means today to prevent genocide, the world must through the U.N, urgently act in Darfur.
  • Most of all my parents taught me that each of us should live by a moral compass.It was a simple faith with a fundamental optimism.That each and every one of us has a talent.Each of us a duty to use that talent.And each of us should have the chance to develop that talent. And my parents thought we should use whatever talent we had to help people least able to help themselves. And as I grew up surrounded by books, sports, music and encouragement, I saw at school and beyond how some flourished and others, denied these opportunities, fell behind. They had talent, they had ability. But they did not have the chance to fulfil their promise. They needed someone to champion them. They needed the support of people on their side. And is not our history the story of yes, progress through the fulfilled talents, even genius, of some but, yes, also of the wasted potential of millions for too many, their talents lost and forever unfulfilled?
    • tony curzon price
       
      Brown's parable of the talents
  • Strip away the rhetoric about globalisation and it comes down to one essential truth: You can buy raw materials from anywhere,You can borrow capital form anywhere,You can engage with technology half way across the world,But you cannot buy from elsewhere what in the global economy you need most; the skills and the creativity of all our people – and that means that in education we must aim to be number one.
    • tony curzon price
       
      Brown's globalisation - this has the slight sense of "the last thing that still remains..." And what of physical capital ... no mention
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  • As Alan Johnson proposes, give vocational qualifications parity of esteem with academic qualifications.
    • tony curzon price
       
      in whose gift is "parity of esteem" ... are _these_ the policies that come out of the respect agenda? surely respect comes from a complex social whole, with mixtures of truth and appearance ...
  • I believe the answer is that we the British people must be far more explicit about the common ground on which we stand, the shared values which bring us together, the habits of citizenship around which we can and must unite. Expect all who are in our country to play by our rules. 
    • tony curzon price
       
      multiculturalism's limits
  • the active citizen, the empowered community, open enabling government.
    • tony curzon price
       
      just as power had to be taken from special interests - code word for capital - so now it must be taken from the state
  • I want a radical shift of power from the centre.
tony curzon price

RGE - Nouriel Roubini's Blog - 0 views

  • Economists distinguish between “Risk” and “Uncertainty”: the former can be priced by financial markets while the latter cannot. The distinction between the two was made by the famous economist Frank H. Knight in his seminal book, Risk, Uncertainty, and Profit (1921). In brief, “Risk is present when future events occur with measurable probability” while “Uncertainty is present when the likelihood of future events is indefinite or incalculable”.    This distinction between risk and uncertainty helps to explain the recent market panic and turmoil. Today, the FT cites a market economist at Lehman who said: “We are in a minefield. No one knows where the mines are planted and we are just trying to stumble through it”. A few days ago another market participant put it this way: “It is not the corpses at the surface that are scary; it is the unknown corpses below the surface that may pop up unexpectedly”.   Unknown minefield; unexpected corpses: this is “uncertainty” rather than “risk”. Risk can be measured and priced because it depends on know distributions of events to which investors can assign probabilities. Uncertainty cannot be priced by markets because it relates to “fat tail” distributions and extreme events that cannot be easily predicted or measured.
    • tony curzon price
       
      risk versus uncertainty - known unknowns versus unknown unknowns
  • A few days ago the CFO of Goldman Sachs justified the massive – 30% plus  - losses of the two Goldman Sachs hedge funds by arguing that these were unpredictable “25 standard deviation events” that should occur only once in a million years. The same thing was said by the LTCM “masters of the universe” when their highly leveraged hedge fund went belly up in 1998.
    • tony curzon price
       
      so why do the statistical models get the tails of distribution so wrong? Are there also systematic effects that seek vulnerabilities in the system - viz £/ERM debacle, 1992
  • The proliferation of such products, as I have often noted before, carries many benefits for the financial system (most notably that they disperse risk across a much wider pool of investors). But this trend also carries at least one downside; it is adding to the opacity of the financial world. For although many corners of the structured credit universe are becoming more transparent, almost as soon as one chink of light emerges, another shadowy wave of activity emerges that is far more opaque.
    • tony curzon price
       
      transparency versus risk-spreading trade-off?
tony curzon price

Kindle: Web Browsing Experience Is Horrible - 0 views

  • I met up with Robert Scoble last night at an Orange party in San Francisco (my photos from the party are here). He brought along his Amazon Kindle and let me and others test it out. It was the first time I’d held one - the Kindle I bought hasn’t arrived yet and my co-editor Erick covered the New York launch. Anyway, he took video of me giving my opinion of the Kindle (thumbs down). The problem is the UI is completely non-intuitive and the screen is unreadable in medium light (it was much brighter in the room than the video suggests and it was easily bright enough to read a normal book). I was trying to simply pull up the browser and go to a web page and I couldn’t figure it out. The scroll wheel on the side is obviously designed only to frustrate users. And without any sort of mouse, I kept touching the screen to try to get it to do what I wanted (which of course doesn’t work). I also compare it in the video unfavorably to the etch-a-sketch. I asked Robert to pull up a web browser and load TechCrunch. He did it once and it took so long I asked him if I could video it. He agreed, and did it again. It took him 55 seconds to pull up the browser and enter the TechCrunch URL. I then pulled out my iPhone and did the same thing in 14 seconds. The Kindle can be given some slack since web browsing isn’t its core function. But web browsing on the iPhone isn’t the key feature of that device, either. Amazon just didn’t design a good device (the user interface, keyboard and screen are all very flawed), and they had all the time in the world to get it right. Hopefully v.2 will be an improvement. Of course this is just my opinion after trying it out for a few minutes, and I’d had a couple of beers. Don MacAskill wrote up his own review after a day with the device and says its wonderful.
tony curzon price

House of Commons - Home Affairs - Appendices to Minutes of Evidence (Volume II) - 0 views

  • In this second respect, there is and never has been a secret ballot in Britain, because the way in which individual citizens vote can be traced from each ballot paper used. Every ballot paper given to the citizen who is voting contains a serial number on it, which is also printed on the counterfoil retained by electoral officials. Before a ballot paper is handed to the citizen, he is asked for his name and address (or preferably to show the clerk his official poll card which shows his name, address and electoral registration number on it). The polling clerk then traces the person in the copy of the electoral register that he has on the table in from of him, and ticks the voter's name off the list. The clerk then tears one of the ballot papers out of the book of papers printed for the purpose, hands it to the voter and directs him or her to the private booth. And then the clerk writes the electoral registration number of the voter on the counterfoil to the ballot paper just issued.
tony curzon price

Between Liberalism and Leftism - December 12, 2007 - The New York Sun - 0 views

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    Liberalism is a paradoxical creed, in the sense that its prescriptions are mainly negative: It is mainly concerned with what the state may not do to its citizens, and what citizens may not do to each other. As Mr. Walzer writes in "Liberalism and the Art of Separation," one of the key essays in the book, "liberalism is a world of walls, and each one creates a new liberty." The wall between church and state is the best known of these, but as Mr. Walzer points out, liberalism is also responsible for erecting walls between the state and the market, between the church and the university, and between public and private life.
Arabica Robusta

Democracy and democracy-support: a new era | open Democracy News Analysis - 0 views

  • The "end of the end of history" has many architects. Today, several states (an increasingly assertive Russia and China in particular) embody alternative political models that have come to challenge any notion of liberal-democratic hegemony; others (such as Venezuela and Iran) experiment with forms of rule that too take them further away from its orbit. These models and forms face many problems of their own, but they may not be quite as unattractive - either to the people of these countries or to many observers around the world - as lingering triumphalists in the west might assume.
  • There has been a tendency to focus the work of democracy-support in very practical ways: toolkits, implementation, strategy and policy. This was and remains essential; but there is also a need to reflect on the underpinnings of these practices in how democracy itself is understood in this new, testing global environment.
  • The dominance of a liberal-democratic conception with an American accent is reflected in the overwhelming predominance of United States institutions, academics, journals - and ideas - in the democracy-support "industry". Again, this is not in itself a problem: all discourses of democracy are grounded in specific social-political contexts and  power-relations. But the current circumstances of the kind described above - authoritarian challenges, stalled democratic transitions, discontent with democracy, deep and growing economic problems - suggest that an expanded understanding of democracy might be a route towards a healthy redefinition of democracy-support.
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  • This is not to advocate a simplistic "mix and match" approach, but to suggest that a creative inclusion of new elements from different sources could contribute to democracy's rethinking from within.
  • For most people, at the heart of democracy is toleration of difference combined with an openness to listen to a plurality of voices and opinions. This makes it more than a little strange that there is so little debate over what democracy can and should mean in relation to democracy-support. The logic here is that democracy-support itself needs to be "democratised" - in part by engaging in continuing dialogue, interaction and learning between communities moving to democracy and those seeking to support these processes.
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    This article is good in that it advocates examination of the many models of democratization/democracy. However, it does not adequately question the terms of the debate, in particularly looking more deeply at how the movement is driven and what the role of corporations and other key exploiters (members of the "capital class"?) is.
Susan Thur

Demography is Destiny | Mother Jones - 0 views

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    Research suggests that a socialization process occurs that leads young adults to hold onto the party identification and opinions that they developed in their formative years. This is especially true with partisan identification. Party identification is the single strongest predictor of how people vote and tends to stick with individuals once they form an attachment early in their political lives. Even if the Republican Party eventually softens its views on social issues, it won't make much difference once the Millennials have reached age 30 and their party identification has hardened. If Teixeira is right, by the time this process is over an entire cohort of voters will be heavily pro-Democratic for the rest of their lives. As it happens, 2010, like 2002, might not be such a great year to make this prediction: a brutal recession and the usual midterm blues are likely to produce big Republican gains this November. In the long term, though, the longer the Republican Party continues to rely on its intolerant, ultraconservative base for support, the more likely they are to write their own obituary for 2020 and beyond.
tony curzon price

Secret mailing list rocks Wikipedia | The Register - 0 views

  • If you take Wikipedia as seriously as it takes itself, this is a huge problem. The site is ostensibly devoted to democratic consensus and the free exchange of ideas. But whether or not you believe in the holy law of Web 2.0, Wikipedia is tearing at the seams. Many of its core contributors are extremely unhappy about Durova's ill-advised ban and the exposure of the secret mailing list, and some feel that the site's well-being is seriously threatened. In a post to Wikipedia, Jimbo Wales says that this whole incident was blown out of proportion. "I advise the world to relax a notch or two. A bad block was made for 75 minutes," he says. "It was reversed and an apology given. There are things to be studied here about what went wrong and what could be done in the future, but wow, could we please do so with a lot less drama? A 75 minute block, even if made badly, is hardly worth all this drama. Let's please love each other, love the project, and remember what we are here for." But he's not admitting how deep this controversy goes. Wales and the Wikimedia Foudation came down hard on the editor who leaked Durova's email. After it was posted to the public forum, the email was promptly "oversighted" - i.e. permanently removed. Then this rogue editor posted it to his personal talk page, and a Wikimedia Foundation member not only oversighted the email again, but temporarily banned the editor. Then Jimbo swooped in with a personal rebuke. "You have caused too much harm to justify us putting up with this kind of behavior much longer," he told the editor. The problem, for many regular contributors, is that Wales and the Foundation seem to be siding with Durova's bizarre behavior. "I believe that Jimbo's credibility has been greatly damaged because of his open support for these people," says Charles Ainsworth. And if Jimbo can't maintain his credibility, the site's most experienced editors may not stick around. Since the banhammer came down, Bang Bang hasn't edited a lick.
    • tony curzon price
       
      wikipedia politics and culture of openness
tony curzon price

Smell the coffee - Times Online - 0 views

  • As the cultural historian Markman Ellis writes, in Eighteenth-Century Coffee-House Culture, the British coffee house, a “heady combination of news, literature, debate and writing”, was “the central locus of newly egalitarian practices of discussion and conversation, including forms of structured discourse, such as lectures and debates, as well as unregulated discourse, such as gossip and chatter”.
  • The freedom of speech led to time-wasting and “gabbling” (“Here men carried by instinct sipp muddy water, and like Frogs confusedly murmur Insignificant Notes, which tickle their own ears, and, to their inharmonious sense, make Music of jarring strings”). The education on offer was “a school . . . without a master”.
  • The eighteenth-century coffee house was undoubtedly a great vehicle for the reading of newspapers. A Continental observer in the late eighteenth century noted that, whereas the French coffee house was a place where games were played, in Britain “you neither see billiards nor backgammon tables” because people frequent coffee houses principally to read “the PAPERS”. There was a close and sometimes volatile relationship between the coffee-men and the newspaper-men, which came to a head in 1728, when the coffee-men launched an abortive scheme for setting up their own newspapers. Coffee shops had long been used as places for reading papers without having to pay for them. The coffee-men resented the high price of newspapers and the fact that there were so many of them. The newspaper-men objected that coffee houses relied on newspapers to attract custom. There is a comparable symbiosis now between cafés and information, whether in the form of newspapers (Starbucks has an exclusive deal with The Times, Costa with the Daily Telegraph) or internet connection. It is hard to see which party owes most to whom. As a pamphleteer of 1729 wrote, “Papers mutually beget company, and Company papers”.
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    the c18 coffee house
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    newspaper reading


tony curzon price

The New Atlantis - The Greening of Capitalism - Nick Schulz - 0 views

  • A point arrives in the growth of a big institution...at which the owners of the capital, i.e. the shareholders, are almost entirely dissociated from the management, with the result that the direct personal interest of the latter in the making of great profit becomes quite secondary. When this stage is reached, the general stability and reputation of the institution are more considered by the management than the maximum of profit for the shareholders. The shareholders must be satisfied by conventionally adequate dividends; but once this is secured, the direct interest of the management often consists in avoiding criticism from the public and from the customers of the concern....They are, as time goes on, socializing themselves.
    • tony curzon price
       
      keynes as CSR precursor
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