Skip to main content

Home/ TOK Friends/ Group items matching "tax" in title, tags, annotations or url

Group items matching
in title, tags, annotations or url

Sort By: Relevance | Date Filter: All | Bookmarks | Topics Simple Middle
Javier E

A smarter way to think about willpower - The Washington Post - 0 views

  • in a self-report questionnaire completed by more than 80,000 American adults, self-control ranked lowest among 24 strengths of character.
  • three out of four parents said they thought self-control has declined in the past half-century.
  • Without a time machine that allows us to travel backward and compare Americans from different decades on the same self-control measures, we can’t be sure. Indeed, the scant scientific evidence on the question suggests that if anything, the capacity to delay gratification may be increasing.
  • ...18 more annotations...
  • there are plenty of behaviors that require self-control that have held steady or even improved in recent decades
  • Cigarette smoking has fallen sharply since the Mad Men days.
  • Alcohol consumption peaked in 1980 and has fallen back to the same level as 1960
  • Seat belts,
  • Nevertheless, like every generation before us, we crave more self-control.
  • the ratio of household consumption to household net worth just hit a postwar low: In 2018 consumption was 13.2 percent of net worth, down from 16.3 percent in 1946.
  • it isn’t clear that savings habits have worsened since World War II.
  • are now used by 9 out of 10 motorists.
  • science shows that helping people do better in the internal tug-of-war of self-control depends on creating the right external environment.
  • some temptations require hard paternalism
  • some choices are not in our best interest. Taxing, regulating, restricting or even banning especially addictive drugs may lead to more freedom
  • Cellphones and soda
  • the benefits of constraining access may, in some cases, justify the costs
  • we recommend nudges — subtle changes in how choices are framed that make doing what’s in our long-term interest more obvious, easier or more attractiv
  • deploy science-backed strategies that make self-control easier.
  • putting temptations out of sight and out of reach:
  • disabling apps that, upon reflection, do more harm than good.
  • Anything you can do to put time and effort between you and indulgence makes self-control easier.
Javier E

Opinion | The Zombie Style in American Politics - The New York Times - 0 views

  • This was an awkward observation for a party that, then as now, wanted to slash taxes for the rich and dismantle the social safety net. How would conservatives respond?
  • The answer was multilayered denial. Inequality wasn’t rising. O.K., it was rising, but that wasn’t a problem. O.K., rising inequality was unfortunate, but there was nothing that could be done about it without crippling economic growth.
  • You might think that the right would have to choose one of those positions, or at least that once you’d managed to refute one layer of the argument, say by showing that inequality was indeed rising, you could put that argument behind you and move on to the next one. But no: Old arguments, like the wights in “Game of Thrones,” would just keep rising up after you thought you had killed them.
  • ...6 more annotations...
  • You see the same thing on climate change. Global warming is a myth — a hoax concocted by a vast conspiracy of scientists around the world. O.K., the climate is changing, but it’s a natural phenomenon that has nothing to do with human activity. O.K., man-made climate change is real, but we can’t do anything about it without destroying the economy.
  • What the right’s positioning on inequality, climate and now Russian election interference have in common is that in each case the people pretending to be making a serious argument are actually apparatchiks operating in bad faith.
  • in each case those making denialist arguments, while they may invoke evidence, don’t actually care what the evidence says; at a fundamental level, they aren’t interested in the truth. Their goal, instead, is to serve a predetermined agenda.
  • eporting about these debates typically frames them as disputes about the facts and what they mean, when the reality is that one side isn’t interested in the facts.
  • the pressures that often lead to false equivalence. Calling out dishonesty and bad faith can seem like partisan bias when, to put it bluntly, one side of the political spectrum lies all the time, while the other side doesn’t.
  • pretending that good faith exists when it doesn’t is unfair to readers. The public deserves to know that the big debates in modern U.S. politics aren’t a conventional clash of rival ideas.
Javier E

Opinion | Unicorns of the Intellectual Right - The New York Times - 0 views

  • trying to find influential conservative economic intellectuals is basically a hopeless task, for two reasons.
  • First, while there are many conservative economists with appointments at top universities, publications in top journals, and so on, they have no influence on conservative policymaking
  • What the right wants are charlatans and cranks, in (conservative) Greg Mankiw’s famous phrase. If they use actual economists, they use them the way a drunkard uses a lamppost: for support, not illumination.
  • ...11 more annotations...
  • if you get a conservative economist who isn’t a charlatan and crank, you are more or less by definition getting someone with no influence on policymakers. But that’s not the only problem.
  • But even among conservative economists who didn’t go down that rabbit hole, there has been a moral collapse – a willingness to put political loyalty over professional standards.
  • the intellectual decadence. In macroeconomics, what began in the 60s and 70s as a usefully challenging critique of Keynesian views went all wrong in the 80s, because the anti-Keynesians refused to reconsider their views when their own models failed the reality test while Keynesian models, with some modification, performed pretty well.
  • By the time the Great Recession struck, the right-leaning side of the profession had entered a Dark Age, having retrogressed to the point where famous economists trotted out 30s-era fallacies as deep insights.
  • The second problem with conservative economic thought is that even aside from its complete lack of policy influence, it’s in an advanced state of both intellectual and moral decadence – something that has been obvious for a while, but became utterly clear after the 2008 crisis.
  • We saw that most recently in the way leading conservative economists raced to endorse ludicrous claims for the efficacy of the Trump tax cuts, then tried to climb down without admitting what they had done. We saw it in the false claims that Obama had presided over a massive expansion of government programs and refusal to admit that he hadn’t, the warnings that Fed policy would cause huge inflation followed by refusal to admit having been wrong, and on and on.
  • What accounts for this moral decline? I suspect that it’s about a desperate attempt to retain some influence on a party that prefers the likes of Kudlow or Stephen Moore.
  • no, you don’t see the same thing on the other side. Liberal economists have made plenty of bad predictions – if you never get it wrong, you’re not taking enough risks – but have generally been willing to admit to and learn from mistakes, and have rarely been sycophants to people in power. In this, as in so much else, we’re looking at asymmetric polarization.
  • And I think that’s true across the board. The left has genuine public intellectuals with actual ideas and at least some real influence; the right does not. News organizations don’t seem to have figured out how to deal with this reality, except by pretending that it doesn’t exist
  • Am I saying that there are no conservative economists who have maintained their principles? Not at all. But they have no influence, zero, on GOP thinking. So in economics, a news organization trying to represent conservative thought either has to publish people with no constituency or go with the charlatans who actually matter.
  • the real problem here is that media organizations are looking for unicorns: serious, honest, conservative intellectuals with real influence. Forty or fifty years ago, such people did exist. But now they don’t.
sissij

Beginning 'Brexit' and Bracing for Impact - The New York Times - 1 views

  • Britain’s exit from Europe — Brexit
  • But the reassuring talk did not reckon with one significant detail: Nothing has actually happened yet.
  • The markets essentially shrugged. The move was as expected as the next Super Bowl. The pound dipped a tad. So did shares on London’s stock market.
  • ...6 more annotations...
  • Trade would revert to the rules of the World Trade Organization, making Britain’s exports to Europe vulnerable to tariffs and other barriers to commerce, including health and safety rules.
  • Brexit supporters called the outcome a template for how a pragmatic British government would prevent businesses from abandoning its shores — with tax cuts, friendly regulation and deal making.
  • But consumer spending has been increasingly paid for by debt. The British pound has surrendered 17 percent of its value against the dollar since the referendum, raising the cost of imported goods.
  • During the campaign, Brexit supporters argued that Europe would ultimately make it happen because its most powerful member, Germany, now sends a parade of BMWs, Audis and Volkswagens to Britain.
  • Even if European leaders seek middle ground, any one of the member nations could hijack the proceedings with their demands while the clock ticks away.
  • Britain really is departing the largest consumer market on earth.
  •  
    As we learned in TOK, economics is a very hard to predict human social study. The depression and recession has already showed how market failure affect our optimistic prediction in economics. I think this also shows how the confidence of the general population is important for economics. We can not yet make a conclusion whether the departure of Britain from the Europe league is good or bad. --Sissi (3/30/2017)
Javier E

Donald Trump's Hatefulness Stirs Anger, Distorts Culture, Threatens GOP Agenda | National Review - 0 views

  • Ultimately, culture matters more than politics, and when the leader of the free world inflicts cultural damage this severe, he’s doing far more harm than a few judicial appointments can remedy. Conservatives used to understand this reality. In fact, we once made this argument with great clarity and power.
  • It’s time for conservatives to remember the cultural power of the presidency. It’s time for us to understand that Trump’s persona is — certainly for now — more influential than his policies. Sure, seek lower tax rates and better judges. Sure we praise him when he’s right and critique mistakes. But we must lift our eyes from the strike zone and look at his overall impact. And that means not holding back from speaking the larger, more important truths.
  • Krauthammer was right. Trump’s conduct yesterday was a “moral disgrace.” He exacerbated divisions that have existed since before the nation’s founding. He gave the vicious and vile alt-right it’s most important public victory. If he keeps it up, his “agenda” will be a footnote to history. Hate, division, and rage will be his true legacy, and that legacy will have far greater consequence than any policy he manages to pass.
Javier E

The Navy's USS Gabrielle Giffords and the Future of Work - The Atlantic - 0 views

  • Minimal manning—and with it, the replacement of specialized workers with problem-solving generalists—isn’t a particularly nautical concept. Indeed, it will sound familiar to anyone in an organization who’s been asked to “do more with less”—which, these days, seems to be just about everyone.
  • Ten years from now, the Deloitte consultant Erica Volini projects, 70 to 90 percent of workers will be in so-called hybrid jobs or superjobs—that is, positions combining tasks once performed by people in two or more traditional roles.
  • If you ask Laszlo Bock, Google’s former culture chief and now the head of the HR start-up Humu, what he looks for in a new hire, he’ll tell you “mental agility.
  • ...40 more annotations...
  • “What companies are looking for,” says Mary Jo King, the president of the National Résumé Writers’ Association, “is someone who can be all, do all, and pivot on a dime to solve any problem.”
  • The phenomenon is sped by automation, which usurps routine tasks, leaving employees to handle the nonroutine and unanticipated—and the continued advance of which throws the skills employers value into flux
  • Or, for that matter, on the relevance of the question What do you want to be when you grow up?
  • By 2020, a 2016 World Economic Forum report predicted, “more than one-third of the desired core skill sets of most occupations” will not have been seen as crucial to the job when the report was published
  • I asked John Sullivan, a prominent Silicon Valley talent adviser, why should anyone take the time to master anything at all? “You shouldn’t!” he replied.
  • Minimal manning—and the evolution of the economy more generally—requires a different kind of worker, with not only different acquired skills but different inherent abilities
  • It has implications for the nature and utility of a college education, for the path of careers, for inequality and employability—even for the generational divide.
  • Then, in 2001, Donald Rumsfeld arrived at the Pentagon. The new secretary of defense carried with him a briefcase full of ideas from the corporate world: downsizing, reengineering, “transformational” technologies. Almost immediately, what had been an experimental concept became an article of faith
  • But once cadets got into actual command environments, which tend to be fluid and full of surprises, a different picture emerged. “Psychological hardiness”—a construct that includes, among other things, a willingness to explore “multiple possible response alternatives,” a tendency to “see all experience as interesting and meaningful,” and a strong sense of self-confidence—was a better predictor of leadership ability in officers after three years in the field.
  • Because there really is no such thing as multitasking—just a rapid switching of attention—I began to feel overstrained, put upon, and finally irked by the impossible set of concurrent demands. Shouldn’t someone be giving me a hand here? This, Hambrick explained, meant I was hitting the limits of working memory—basically, raw processing power—which is an important aspect of “fluid intelligence” and peaks in your early 20s. This is distinct from “crystallized intelligence”—the accumulated facts and know-how on your hard drive—which peaks in your 50
  • Others noticed the change but continued to devote equal attention to all four tasks. Their scores fell. This group, Hambrick found, was high in “conscientiousness”—a trait that’s normally an overwhelming predictor of positive job performance. We like conscientious people because they can be trusted to show up early, double-check the math, fill the gap in the presentation, and return your car gassed up even though the tank was nowhere near empty to begin with. What struck Hambrick as counterintuitive and interesting was that conscientiousness here seemed to correlate with poor performance.
  • he discovered another correlation in his test: The people who did best tended to score high on “openness to new experience”—a personality trait that is normally not a major job-performance predictor and that, in certain contexts, roughly translates to “distractibility.”
  • To borrow the management expert Peter Drucker’s formulation, people with this trait are less focused on doing things right, and more likely to wonder whether they’re doing the right things.
  • High in fluid intelligence, low in experience, not terribly conscientious, open to potential distraction—this is not the classic profile of a winning job candidate. But what if it is the profile of the winning job candidate of the future?
  • One concerns “grit”—a mind-set, much vaunted these days in educational and professional circles, that allows people to commit tenaciously to doing one thing well
  • These ideas are inherently appealing; they suggest that dedication can be more important than raw talent, that the dogged and conscientious will be rewarded in the end.
  • he studied West Point students and graduates.
  • Traditional measures such as SAT scores and high-school class rank “predicted leader performance in the stable, highly regulated environment of West Point” itself.
  • It would be supremely ironic if the advance of the knowledge economy had the effect of devaluing knowledge. But that’s what I heard, recurrentl
  • “Fluid, learning-intensive environments are going to require different traits than classical business environments,” I was told by Frida Polli, a co-founder of an AI-powered hiring platform called Pymetrics. “And they’re going to be things like ability to learn quickly from mistakes, use of trial and error, and comfort with ambiguity.”
  • “We’re starting to see a big shift,” says Guy Halfteck, a people-analytics expert. “Employers are looking less at what you know and more and more at your hidden potential” to learn new things
  • advice to employers? Stop hiring people based on their work experience. Because in these environments, expertise can become an obstacle.
  • “The Curse of Expertise.” The more we invest in building and embellishing a system of knowledge, they found, the more averse we become to unbuilding it.
  • All too often experts, like the mechanic in LePine’s garage, fail to inspect their knowledge structure for signs of decay. “It just didn’t occur to him,” LePine said, “that he was repeating the same mistake over and over.
  • The devaluation of expertise opens up ample room for different sorts of mistakes—and sometimes creates a kind of helplessness.
  • Aboard littoral combat ships, the crew lacks the expertise to carry out some important tasks, and instead has to rely on civilian help
  • Meanwhile, the modular “plug and fight” configuration was not panning out as hoped. Converting a ship from sub-hunter to minesweeper or minesweeper to surface combatant, it turned out, was a logistical nightmare
  • So in 2016 the concept of interchangeability was scuttled for a “one ship, one mission” approach, in which the extra 20-plus sailors became permanent crew members
  • “As equipment breaks, [sailors] are required to fix it without any training,” a Defense Department Test and Evaluation employee told Congress. “Those are not my words. Those are the words of the sailors who were doing the best they could to try to accomplish the missions we gave them in testing.”
  • These results were, perhaps, predictable given the Navy’s initial, full-throttle approach to minimal manning—and are an object lesson on the dangers of embracing any radical concept without thinking hard enough about the downsides
  • a world in which mental agility and raw cognitive speed eclipse hard-won expertise is a world of greater exclusion: of older workers, slower learners, and the less socially adept.
  • if you keep going down this road, you end up with one really expensive ship with just a few people on it who are geniuses … That’s not a future we want to see, because you need a large enough crew to conduct multiple tasks in combat.
  • hat does all this mean for those of us in the workforce, and those of us planning to enter it? It would be wrong to say that the 10,000-hours-of-deliberate-practice idea doesn’t hold up at all. In some situations, it clearly does
  • A spinal surgery will not be performed by a brilliant dermatologist. A criminal-defense team will not be headed by a tax attorney. And in tech, the demand for specialized skills will continue to reward expertise handsomely.
  • But in many fields, the path to success isn’t so clear. The rules keep changing, which means that highly focused practice has a much lower return
  • In uncertain environments, Hambrick told me, “specialization is no longer the coin of the realm.”
  • It leaves us with lifelong learning,
  • I found myself the target of career suggestions. “You need to be a video guy, an audio guy!” the Silicon Valley talent adviser John Sullivan told me, alluding to the demise of print media
  • I found the prospect of starting over just plain exhausting. Building a professional identity takes a lot of resources—money, time, energy. After it’s built, we expect to reap gains from our investment, and—let’s be honest—even do a bit of coasting. Are we equipped to continually return to apprentice mode? Will this burn us out?
  • Everybody I met on the Giffords seemed to share that mentality. They regarded every minute on board—even during a routine transit back to port in San Diego Harbor—as a chance to learn something new.
douglasn89

Russia mystery threatens to consume Washington - CNNPolitics.com - 0 views

  • Washington has become a hall of mirrors, where it's impossible to distinguish between rumor and fact as conspiracy theories and partisan paroxysms rage -- all arising from an alleged Russian spy plot to sway last year's election that is now clouding the new administration.
  • Often, President Trump himself reignites the drama — apparently to his detriment — as with his sensational claim Saturday that his predecessor Barack Obama tapped his phones.
  • The White House spokesman Sean Spicer insists that there is "no there, there" in the Russia intrigue.But the conduct of the President himself often undercuts that message. Some observers have noted that while there may be nothing nefarious going on, the President often acts in a way that suggests there is.
  • ...4 more annotations...
  • The credibility of the President's statements on the issue is also eroding."Russia is a ruse, I have nothing to do with Russia. To the best of my knowledge, no person that I deal with does," Trump said during his news conference on February 16.But since then, details have emerged of repeated meetings between Trump aides and Russian officials, casting doubt on the president's words.
  • A second reason why questions about Russia will linger is because what some observers see as Trump's odd fixation with Moscow raises constant questions about his motives.
  • The President's unique personality also appears at times to be exacerbating the sense of crisis being fostered in Washington.In theory, he could flush away questions about whether undeclared links with Russia are influencing his attitude to Moscow by releasing his tax returns.His refusal to do so gives oxygen to claims that he has some secret business or creditor relationships with Russia that compromise him.
  • Democrats have a clear political incentive to prolong a situation which is helping to unify them, to slow Trump's agenda by bogging the White House down with investigations and to present the President in a scary light.
  •  
    Washington has become a hall of mirrors, where it's impossible to distinguish between rumor and fact as conspiracy theories and partisan paroxysms rage -- all arising from an alleged Russian spy plot to sway last year's election that is now clouding the new administration.
Javier E

A Different Bargain on Race - The New York Times - 0 views

  • At one end of this polarized political landscape, you have the liberal acclaim that greeted Ta-Nehisi Coates’s case for reparations, his argument that the debt owed by “the people who believe themselves to be white” to the descendants of African slaves is vast and essentially unpaid.
  • At the other end you have the fears of those white Trump voters who feel like the new liberalism offers affirmative action for everyone but them, allowing immigrants and minorities to “cut the line”
  • It can be simultaneously true that slavery and Jim Crow robbed black Americans on a scale that still requires redress, and that offering redress through a haphazard system of minority preferences in hiring, contracting and higher education creates a new set of reasonable white grievances in its turn.
  • ...3 more annotations...
  • this week’s immodest proposal: Abolish racial preferences in college admissions, phase out preferences in government hiring and contracting, eliminate the disparate-impact standard in the private sector, and allow state-sanctioned discrimination only on the basis of socioeconomic status, if at all. Then at the same time, create a reparations program — the Frederick Douglass Fund, let’s call it — that pays out exclusively, directly and one time only to the proven descendants of American slaves.
  • But right now, giving every single African-American $10,000, perhaps in a specially-designed annuity, would cost about $370 billion, modest relative to supply-side tax plans and single-payer schemes alike. The wealth of the median black household in the United States was $11,200 as of 2013; a $10,000 per-person annuity would more than double it.
  • There is no clear or easy path to becoming a multiracial nation that isn’t divided politically by race. But reparations for the descendants of slaves today, rather than affirmative action for nonwhites forever, might be a better path than the one we’re on right now.
Javier E

What Is Wrong with the West's Economies? by Edmund S. Phelps | The New York Review of Books - 1 views

  • What is wrong with the economies of the West—and with economics?
  • With little or no effective policy initiative giving a lift to the less advantaged, the jarring market forces of the past four decades—mainly the slowdowns in productivity that have spread over the West and, of course, globalization, which has moved much low-wage manufacturing to Asia—have proceeded, unopposed, to drag down both employment and wage rates at the low end. The setback has cost the less advantaged not only a loss of income but also a loss of what economists call inclusion—access to jobs offering work and pay that provide self-respect.
  • The classical idea of political economy has been to let wage rates sink to whatever level the market takes them, and then provide everyone with the “safety net” of a “negative income tax,” unemployment insurance, and free food, shelter, clothing, and medical care
  • ...32 more annotations...
  • This failing in the West’s economies is also a failing of economics
  • many people have long felt the desire to do something with their lives besides consuming goods and having leisure. They desire to participate in a community in which they can interact and develop.
  • Our prevailing political economy is blind to the very concept of inclusion; it does not map out any remedy for the deficiency
  • injustice of another sort. Workers in decent jobs view the economy as unjust if they or their children have virtually no chance of climbing to a higher rung in the socioeconomic ladder
  • “Money is like blood. You need it to live but it isn’t the point of life.”4
  • justice is not everything that people need from their economy. They need an economy that is good as well as just. And for some decades, the Western economies have fallen short of any conception of a “good economy”—an economy offering a “good life,” or a life of “richness,” as some humanists call it
  • The good life as it is popularly conceived typically involves acquiring mastery in one’s work, thus gaining for oneself better terms—or means to rewards, whether material, like wealth, or nonmaterial—an experience we may call “prospering.”
  • As humanists and philosophers have conceived it, the good life involves using one’s imagination, exercising one’s creativity, taking fascinating journeys into the unknown, and acting on the world—an experience I call “flourishing.”
  • prospering and flourishing became prevalent in the nineteenth century when, in Europe and America, economies emerged with the dynamism to generate their own innovation.
  • What is the mechanism of the slowdown in productivity
  • prospering
  • In nineteenth-century Britain and America, and later Germany and France, a culture of exploration, experimentation, and ultimately innovation grew out of the individualism of the Renaissance, the vitalism of the Baroque era, and the expressionism of the Romantic period.
  • What made innovating so powerful in these economies was that it was not limited to elites. It permeated society from the less advantaged parts of the population on up.
  • High-enough wages, low-enough unemployment, and wide-enough access to engaging work are necessary for a “good-enough” economy—though far from sufficient. The material possibilities of the economy must be adequate for the nonmaterial possibilities to be widespread—the satisfactions of prospering and of flourishing through adventurous, creative, and even imaginative work.
  • today’s standard economics. This economics, despite its sophistication in some respects, makes no room for economies in which people are imagining new products and using their creativity to build them. What is most fundamentally “wrong with economics” is that it takes such an economy to be the norm—to be “as good as it gets.”
  • ince around 1970, or earlier in some cases, most of the continental Western European economies have come to resemble more completely the mechanical model of standard economics. Most companies are highly efficient. Households, apart from the very low-paid or unemployed, have gone on saving
  • In most of Western Europe, economic dynamism is now at lows not seen, I would judge, since the advent of dynamism in the nineteenth century. Imagining and creating new products has almost disappeared from the continent
  • The bleak levels of both unemployment and job satisfaction in Europe are testimony to its dreary economies.
  • a recent survey of household attitudes found that, in “happiness,” the median scores in Spain (54), France (51), Italy (48), and Greece (37) are all below those in the upper half of the nations labeled “emerging”—Mexico (79), Venezuela (74), Brazil (73), Argentina (66), Vietnam (64), Colombia (64), China (59), Indonesia (58), Chile (58), and Malaysia (56)
  • The US economy is not much better. Two economists, Stanley Fischer and Assar Lindbeck, wrote of a “Great Productivity Slowdown,” which they saw as beginning in the late 1960s.11 The slowdown in the growth of capital and labor combined—what is called “total factor productivity”—is star
  • though the injustices in the West’s economies are egregious, they ought not to be seen as a major cause of the productivity slowdowns and globalization. (For one thing, a slowdown of productivity started in the US in the mid-1960s and the sharp loss of manufacturing jobs to poorer countries occurred much later—from the late 1970s to the early 1990s.) Deeper causes must be at work.
  • The plausible explanation of the syndrome in America—the productivity slowdown and the decline of job satisfaction, among other things—is a critical loss of indigenous innovation in the established industries like traditional manufacturing and services that was not nearly offset by the innovation that flowered in a few new industries
  • hat then caused this narrowing of innovation? No single explanation is persuasive. Yet two classes of explanations have the ring of truth. One points to suppression of innovation by vested interests
  • some professions, such as those in education and medicine, have instituted regulation and licensing to curb experimentation and change, thus dampening innovation
  • established corporations—their owners and stakeholders—and entire industries, using their lobbyists, have obtained regulations and patents that make it harder for new firms to gain entry into the market and to compete with incumbents.
  • The second explanation points to a new repression of potential innovators by families and schools. As the corporatist values of control, solidarity, and protection are invoked to prohibit innovation, traditional values of conservatism and materialism are often invoked to inhibit a young person from undertaking an innovation.
  • ow might Western nations gain—or regain—widespread prospering and flourishing? Taking concrete actions will not help much without fresh thinking: people must first grasp that standard economics is not a guide to flourishing—it is a tool only for efficiency.
  • Widespread flourishing in a nation requires an economy energized by its own homegrown innovation from the grassroots on up. For such innovation a nation must possess the dynamism to imagine and create the new—economic freedoms are not sufficient. And dynamism needs to be nourished with strong human values.
  • a reform of education stands out. The problem here is not a perceived mismatch between skills taught and skills in demand
  • The problem is that young people are not taught to see the economy as a place where participants may imagine new things, where entrepreneurs may want to build them and investors may venture to back some of them. It is essential to educate young people to this image of the economy.
  • It will also be essential that high schools and colleges expose students to the human values expressed in the masterpieces of Western literature, so that young people will want to seek economies offering imaginative and creative careers. Education systems must put students in touch with the humanities in order to fuel the human desire to conceive the new and perchance to achieve innovations
  • This reorientation of general education will have to be supported by a similar reorientation of economic education.
Javier E

Neither Hot Nor Cold on Climate - The New York Times - 0 views

  • t this is where the second objection to lukewarmism comes in
  • in actual right-wing politics no serious assessment of the science and the risks is taking place to begin with. Instead there’s just a mix of business-class and blue-collar self-interest and a trollish, “If liberals are for it, we’re against it” anti-intellectualism. So while lukewarmers may fancy ourselves serious interlocutors for liberals, we’re actually just running interference on behalf of know-nothing and do-nothingism, attacking flawed policies on behalf of a Republican Party that will never, ever advance any policies of its own.
  • This critique is … not necessarily wrong. A Republican Party that was really shaped by lukewarmism would probably still oppose the Paris deal and shrink from sweeping carbon taxes. But it would be actively debating and budgeting for the two arenas — innovation and mitigation — where the smartest skeptics of regulatory solutions tend to place their faith.
  • ...7 more annotations...
  • This is not what the G.O.P. seems inclined to do. Instead it lets lukewarmers poke holes in liberal proposals for climate insurance policies, and then sits back satisfied that no insurance policy, no extra effort, is necessary at all.
  • the anti-Paris sentiments that moved Trump weren’t entirely reality-based either. And a clear Republican plan for how to “prepare for and adapt to whatever climate change brings” does not actually exist.
  • In its absence, lukewarmism is a critique without an affirmative agenda, a theory of the case without a party that’s prepared to ever act on it.
  • I also want to concede two problems with this approach. The first is that no less than alarmism, lukewarmism can be vulnerable to cherry-picking and selection bias
  • when you’re dealing with long-term trends, there’s a lot of evidence to choose from
  • This means that every lukewarmer, including especially those in positions of political authority, should be pressed to identify trends that would push them toward greater alarmism and a sharper focus on the issue.
  • the closer the real trend gets to the worst-case projections, the more my lukewarmism will look Pollyannish and require substantial reassessment.
Javier E

False consciousness - 0 views

  • Marx’s works, including “The Communist Manifesto”, written with Friedrich Engels in 1848, may have had more impact on the modern world than many suppose. Of the manifesto’s ten principal demands, perhaps four have been met in many rich countries, including “free education for all children in public schools” and a “progressive or graduated income tax”.
  • Mr Stedman Jones’s book is above all an intellectual biography, which focuses on the philosophical and political context in which Marx wrote.
  • Marx did not invent communism. Radicals, including Pierre-Joseph Proudhon (1809-65) and the Chartist movement in England, had long used language that modern-day readers would identify as “Marxist”—“to enjoy political equality, abolish property”; “reserve army of labour” and so forth.
  • ...7 more annotations...
  • What, then, was his contribution?
  • Far more significantly, he attempted to provide an overall theoretical description of how capitalism worked
  • in many parts the author is highly critical. For instance, he points out that Marx displayed “condescension towards developments in political economy”
  • More damning, the “Grundrisse”, an unfinished manuscript which many neo-Marxists see as a treasure trove of theory, has “defects [in the] core arguments”.
  • The author encapsulates a feeling of many students of Marx: read the dense, theoretical chapters of “Capital” closely, and no matter how much you try, it is hard to escape the conclusion that there is plenty of nonsense in there.
  • The real value of such a work, in Mr Stedman Jones’s eyes, lies in its documentation of the actual day-to-day life faced by the English working classes.
  • He did not pay enough attention, for example, to objective measures of living standards (such as real wages), which by the 1850s were clearly improving.
Javier E

Have Smartphones Destroyed a Generation? - The Atlantic - 0 views

  • She told me she’d spent most of the summer hanging out alone in her room with her phone. That’s just the way her generation is, she said. “We didn’t have a choice to know any life without iPads or iPhones. I think we like our phones more than we like actual people.”
  • . I had grown accustomed to line graphs of trends that looked like modest hills and valleys. Then I began studying Athena’s generation.
  • Around 2012, I noticed abrupt shifts in teen behaviors and emotional states. The gentle slopes of the line graphs became steep mountains and sheer cliffs, and many of the distinctive characteristics of the Millennial generation began to disappear. In all my analyses of generational data—some reaching back to the 1930s—I had never seen anything like it.
  • ...54 more annotations...
  • the trends persisted, across several years and a series of national surveys. The changes weren’t just in degree, but in kind.
  • The biggest difference between the Millennials and their predecessors was in how they viewed the world; teens today differ from the Millennials not just in their views but in how they spend their time. The experiences they have every day are radically different from those of the generation that came of age just a few years before them.
  • it was exactly the moment when the proportion of Americans who owned a smartphone surpassed 50 percent.
  • theirs is a generation shaped by the smartphone and by the concomitant rise of social media. I call them iGen
  • Born between 1995 and 2012, members of this generation are growing up with smartphones, have an Instagram account before they start high school, and do not remember a time before the internet.
  • iGen’s oldest members were early adolescents when the iPhone was introduced, in 2007, and high-school students when the iPad entered the scene, in 2010. A 2017 survey of more than 5,000 American teens found that three out of four owned an iPhone.
  • The arrival of the smartphone has radically changed every aspect of teenagers’ lives, from the nature of their social interactions to their mental health. These changes have affected young people in every corner of the nation and in every type of household
  • More comfortable in their bedrooms than in a car or at a party, today’s teens are physically safer than teens have ever been. They’re markedly less likely to get into a car accident and, having less of a taste for alcohol than their predecessors, are less susceptible to drinking’s attendant ills.
  • Psychologically, however, they are more vulnerable than Millennials were: Rates of teen depression and suicide have skyrocketed since 2011. It’s not an exaggeration to describe iGen as being on the brink of the worst mental-health crisis in decades. Much of this deterioration can be traced to their phones.
  • the twin rise of the smartphone and social media has caused an earthquake of a magnitude we’ve not seen in a very long time, if ever. There is compelling evidence that the devices we’ve placed in young people’s hands are having profound effects on their lives—and making them seriously unhappy.
  • But the allure of independence, so powerful to previous generations, holds less sway over today’s teens, who are less likely to leave the house without their parents. The shift is stunning: 12th-graders in 2015 were going out less often than eighth-graders did as recently as 2009.
  • Today’s teens are also less likely to date. The initial stage of courtship, which Gen Xers called “liking” (as in “Ooh, he likes you!”), kids now call “talking”—an ironic choice for a generation that prefers texting to actual conversation. After two teens have “talked” for a while, they might start dating.
  • only about 56 percent of high-school seniors in 2015 went out on dates; for Boomers and Gen Xers, the number was about 85 percent.
  • The decline in dating tracks with a decline in sexual activity. The drop is the sharpest for ninth-graders, among whom the number of sexually active teens has been cut by almost 40 percent since 1991. The average teen now has had sex for the first time by the spring of 11th grade, a full year later than the average Gen Xer
  • The teen birth rate hit an all-time low in 2016, down 67 percent since its modern peak, in 1991.
  • Nearly all Boomer high-school students had their driver’s license by the spring of their senior year; more than one in four teens today still lack one at the end of high school.
  • In conversation after conversation, teens described getting their license as something to be nagged into by their parents—a notion that would have been unthinkable to previous generations.
  • In the late 1970s, 77 percent of high-school seniors worked for pay during the school year; by the mid-2010s, only 55 percent did. The number of eighth-graders who work for pay has been cut in half.
  • Beginning with Millennials and continuing with iGen, adolescence is contracting again—but only because its onset is being delayed. Across a range of behaviors—drinking, dating, spending time unsupervised— 18-year-olds now act more like 15-year-olds used to, and 15-year-olds more like 13-year-olds. Childhood now stretches well into high school.
  • In an information economy that rewards higher education more than early work history, parents may be inclined to encourage their kids to stay home and study rather than to get a part-time job. Teens, in turn, seem to be content with this homebody arrangement—not because they’re so studious, but because their social life is lived on their phone. They don’t need to leave home to spend time with their friends.
  • eighth-, 10th-, and 12th-graders in the 2010s actually spend less time on homework than Gen X teens did in the early 1990s.
  • The time that seniors spend on activities such as student clubs and sports and exercise has changed little in recent years. Combined with the decline in working for pay, this means iGen teens have more leisure time than Gen X teens did, not less.
  • So what are they doing with all that time? They are on their phone, in their room, alone and often distressed.
  • despite spending far more time under the same roof as their parents, today’s teens can hardly be said to be closer to their mothers and fathers than their predecessors were. “I’ve seen my friends with their families—they don’t talk to them,” Athena told me. “They just say ‘Okay, okay, whatever’ while they’re on their phones. They don’t pay attention to their family.” Like her peers, Athena is an expert at tuning out her parents so she can focus on her phone.
  • The number of teens who get together with their friends nearly every day dropped by more than 40 percent from 2000 to 2015; the decline has been especially steep recently.
  • It’s not only a matter of fewer kids partying; fewer kids are spending time simply hanging out
  • The roller rink, the basketball court, the town pool, the local necking spot—they’ve all been replaced by virtual spaces accessed through apps and the web.
  • The results could not be clearer: Teens who spend more time than average on screen activities are more likely to be unhappy, and those who spend more time than average on nonscreen activities are more likely to be happy.
  • There’s not a single exception. All screen activities are linked to less happiness, and all nonscreen activities are linked to more happiness
  • Eighth-graders who spend 10 or more hours a week on social media are 56 percent more likely to say they’re unhappy than those who devote less time to social media
  • If you were going to give advice for a happy adolescence based on this survey, it would be straightforward: Put down the phone, turn off the laptop, and do something—anything—that does not involve a screen
  • Social-networking sites like Facebook promise to connect us to friends. But the portrait of iGen teens emerging from the data is one of a lonely, dislocated generation. Teens who visit social-networking sites every day but see their friends in person less frequently are the most likely to agree with the statements “A lot of times I feel lonely,” “I often feel left out of things,” and “I often wish I had more good friends.” Teens’ feelings of loneliness spiked in 2013 and have remained high since.
  • This doesn’t always mean that, on an individual level, kids who spend more time online are lonelier than kids who spend less time online.
  • Teens who spend more time on social media also spend more time with their friends in person, on average—highly social teens are more social in both venues, and less social teens are less so.
  • The more time teens spend looking at screens, the more likely they are to report symptoms of depression.
  • Eighth-graders who are heavy users of social media increase their risk of depression by 27 percent, while those who play sports, go to religious services, or even do homework more than the average teen cut their risk significantly.
  • Teens who spend three hours a day or more on electronic devices are 35 percent more likely to have a risk factor for suicide, such as making a suicide plan. (That’s much more than the risk related to, say, watching TV.)
  • Since 2007, the homicide rate among teens has declined, but the suicide rate has increased. As teens have started spending less time together, they have become less likely to kill one another, and more likely to kill themselves. In 2011, for the first time in 24 years, the teen suicide rate was higher than the teen homicide rate.
  • For all their power to link kids day and night, social media also exacerbate the age-old teen concern about being left out.
  • Today’s teens may go to fewer parties and spend less time together in person, but when they do congregate, they document their hangouts relentlessly—on Snapchat, Instagram, Facebook. Those not invited to come along are keenly aware of it. Accordingly, the number of teens who feel left out has reached all-time highs across age groups.
  • Forty-eight percent more girls said they often felt left out in 2015 than in 2010, compared with 27 percent more boys. Girls use social media more often, giving them additional opportunities to feel excluded and lonely when they see their friends or classmates getting together without them.
  • Social media levy a psychic tax on the teen doing the posting as well, as she anxiously awaits the affirmation of comments and likes. When Athena posts pictures to Instagram, she told me, “I’m nervous about what people think and are going to say. It sometimes bugs me when I don’t get a certain amount of likes on a picture.”
  • Girls have also borne the brunt of the rise in depressive symptoms among today’s teens. Boys’ depressive symptoms increased by 21 percent from 2012 to 2015, while girls’ increased by 50 percent—more than twice as much
  • The rise in suicide, too, is more pronounced among girls. Although the rate increased for both sexes, three times as many 12-to-14-year-old girls killed themselves in 2015 as in 2007, compared with twice as many boys
  • Social media give middle- and high-school girls a platform on which to carry out the style of aggression they favor, ostracizing and excluding other girls around the clock.
  • What’s at stake isn’t just how kids experience adolescence. The constant presence of smartphones is likely to affect them well into adulthood. Among people who suffer an episode of depression, at least half become depressed again later in life. Adolescence is a key time for developing social skills; as teens spend less time with their friends face-to-face, they have fewer opportunities to practice them
  • the smartphone is cutting into teens’ sleep: Many now sleep less than seven hours most nights. Sleep experts say that teens should get about nine hours of sleep a night; a teen who is getting less than seven hours a night is significantly sleep deprived
  • Fifty-seven percent more teens were sleep deprived in 2015 than in 1991. In just the four years from 2012 to 2015, 22 percent more teens failed to get seven hours of sleep.
  • Two national surveys show that teens who spend three or more hours a day on electronic devices are 28 percent more likely to get less than seven hours of sleep than those who spend fewer than three hours, and teens who visit social-media sites every day are 19 percent more likely to be sleep deprived.
  • Teens who read books and magazines more often than the average are actually slightly less likely to be sleep deprived—either reading lulls them to sleep, or they can put the book down at bedtime.
  • Sleep deprivation is linked to myriad issues, including compromised thinking and reasoning, susceptibility to illness, weight gain, and high blood pressure. It also affects mood: People who don’t sleep enough are prone to depression and anxiety.
  • correlations between depression and smartphone use are strong enough to suggest that more parents should be telling their kids to put down their phone.
  • I asked my undergraduate students at San Diego State University what they do with their phone while they sleep. Their answers were a profile in obsession. Nearly all slept with their phone, putting it under their pillow, on the mattress, or at the very least within arm’s reach of the bed. They checked social media right before they went to sleep, and reached for their phone as soon as they woke up in the morning
  • Significant effects on both mental health and sleep time appear after two or more hours a day on electronic devices. The average teen spends about two and a half hours a day on electronic devices. Some mild boundary-setting could keep kids from falling into harmful habits.
clairemann

Keep the Filibuster, There Are Better Ways to Reform | Time - 0 views

  • After passing an immense $1.9 trillion COVID aid package that was one of the most expensive and significant pieces of social legislation in a generation, the Biden administration realizes that much of the rest of its agenda—election reform, gun control, and civil rights—is dead on arrival in the Senate, a Senate that Democrats only narrowly control.
  • The reason, of course, is the filibuster, the procedural maneuver that allows 41 senators to block multiple forms of substantive legislation.
  • This would be a serious mistake that would enhance partisan polarization and increase political instability. There are better ways to achieve policy reform. There are better ways to lower the temperature of American politics.
  • ...12 more annotations...
  • I discovered that thoughtful progressives and thoughtful conservatives each suffered from different, deep fears about our political future. Progressives feared minoritarian rule. Conservatives feared majoritarian domination. Ending the filibuster, perversely enough, makes both fears more real.
  • The Republican Party has won exactly one popular vote for president since 1988, George W. Bush’s narrow 2.4 percent edge over John Kerry in 2004. Yet it won three presidential elections in that span of time
  • Republicans not only have a present electoral college advantage over Democrats, they also have inherent advantages in both the House and the Senate.
  • Do away with the filibuster, and it’s entirely possible that the next Republican government could enjoy immense legislative power without a majority of the popular vote. In fact, they could lose voters by margins numbering in the millions, yet still exercise decisive control over the government.
  • The Democratic Party is seeking to pass laws that would introduce dramatic changes in American elections, transform free speech doctrine, and potentially limit religious liberty.
  • The GOP, for example, is currently in the grips of a Trumpist base that prioritizes angry opposition over compromise. The party largely lacks a positive agenda, so (with some notable exceptions) its priority is clear: No compromise, even when compromise might be prudent. Stop the Democrats. Some Republicans have gone further, descending into a fantasy world of dark conspiracies.
  • Yes, through decentralization, de-escalation, and strategic moderation.
  • That means most Americans live in jurisdictions where, for example, election rules, civil rights laws, gun laws, and a wide variety of economic and social policies are within their partisan control.
  • Gridlock in Washington does not have to mean gridlock in government,
  • Research demonstrates that a majority of Americans are exhausted by partisan politics. Motivated minorities drive most American polarization.
  • A combination of redistricting reform and voting reforms like ranked-choice voting can limit the powers of partisan extremists. Ranked-choice voting—which allows voters to list candidates in order of preference—most notably can reduce the chances of highly-partisan pluralities dominating political primaries.
  • The answer to polarization and gridlock is not partisan escalation. Ending the filibuster would only ramp up partisan acrimony and increase the level of fear and anxiety around American elections. There are better paths through American division. We should try those before we enable drastic measures like majoritarian dominance or minoritarian control.
caelengrubb

Investment - Econlib - 0 views

  • nvestment is one of the most important variables in economics.
  • Its surges and collapses are still a primary cause of recessions.
  • By investment, economists mean the production of goods that will be used to produce other goods. This definition differs from the popular usage, wherein decisions to purchase stocks (see stock market) or bonds are thought of as investment.
  • ...15 more annotations...
  • Investment is usually the result of forgoing consumption. In a purely agrarian society, early humans had to choose how much grain to eat after the harvest and how much to save for future planting. The latter was investment.
  • In a more modern society, we allocate our productive capacity to producing pure consumer goods such as hamburgers and hot dogs, and investment goods such as semiconductor foundries. If we create one dollar worth of hamburgers today, then our gross national product is higher by one dollar.
  • Investment need not always take the form of a privately owned physical product. The most common example of nonphysical investment is investment in human capital.
  • In an economy that is closed to the outside world, investment can come only from the forgone consumption—the saving—of private individuals, private firms, or government.
  • In an open economy, however, investment can surge at the same time that a nation’s saving is low because a country can borrow the resources necessary to invest from neighboring countries.
  • That economists have a fairly strong understanding of firms’ investment behavior makes sense. A firm that maximizes its profits must address investment using the framework discussed in this article.
  • The theory of investment dates back to the giants of economics. irving fisher, arthur cecil pigou, and alfred marshall all made contributions; as did john maynard keynes, whose Marshallian user cost theory is a central feature in his General Theory.
  • Investment fluctuates a lot because the fundamentals that drive investment—output prices, interest rates, and taxes—also fluctuate. But economists do not fully understand fluctuations in investment. Indeed, the sharp swings in investment that occur might require an extension to the Jorgenson theory.
  • In Jorgenson’s user cost model, firms will purchase a machine if the extra revenue the machine generates is a smidgen more than its cost.
  • The general conclusion is that there is a gain to waiting if there is uncertainty and if the installation of the machine entails sunk costs, that is, costs that cannot be recovered once spent.
  • Although quantifying this gain exactly is a highly mathematical exercise, the reasoning is straightforward. That would explain why firms typically want to invest only in projects that have a high expected profit.
  • The fact of irreversibility might explain the large fluctuations in investment that we observe.
  • This method of financing investment has been very important in the United States. The industrial base of the United States in the nineteenth century—railroads, factories, and so on—was built on foreign finance, especially from Britain. More recently, the United States has repeatedly posted significant investment growth and very low savings.
  • Consumer behavior is harder to study than firms’ behavior. Market forces that drive irrational people out of the marketplace are much weaker than market forces that drive bad companies from the market.
  • Because the saving response of consumers must be known if one is to fully understand the impact of any investment policy, and because saving behavior is so poorly understood, much work remains to be done.
caelengrubb

Microeconomics - Econlib - 0 views

  • The motivating force for the change came from the macro side, with modern macroeconomics being far more explicit than old-fashioned monetary theory about fluctuations in income and employment (as well as the price level).
  • Many different distortions can create similar anomalies. If cotton is subsidized, the price farmers get will exceed, by the amount of the subsidy, the value to consumers. Society thus stands to gain by eliminating the subsidy and moving to a price that is the same for both buyers and sellers.
  • Public finance (see public choice) looks at how the government enters the scene. Traditionally, its focus was on taxes, which automatically introduce “wedges” (differences between the price the buyer pays and the price the seller receives) and cause inefficiency.
  • ...15 more annotations...
  • Applied welfare economics is the fruition of microeconomics.
  • It is hard to imagine a basic course in microeconomics failing to include numerous cases and examples drawn from all of the fields listed above. This is because microeconomics is so basic. It represents the trunk of the tree from which all the listed subfields have branche
  • The specialization of production and the institutions of trade, commerce, and markets long antedated the science of economics. Indeed, one can fairly say that from the very outset the science of economics entailed the study of the market forms that arose quite naturally (and without any help from economists) out of human behavior
  • In microeconomics this is translated into the notion of people maximizing their personal “utility,” or welfare.
  • At the beginning of the process, those who adopted the new hybrids made handsome profits.
  • The economics of supply and demand has a sort of moral or normative overtone, at least when it comes to dealing with a wide range of market distortions. In an undistorted market, buyers pay the market price up to the point where they judge further units not to be worth that price, while competitive sellers supply added units as long as they can make money on each increment.
  • The strength of microeconomics comes from the simplicity of its underlying structure and its close touch with the real world. In a nutshell, microeconomics has to do with supply and demand, and with the way they interact in various markets.
  • If price controls keep bread (or anything else) artificially cheap, the predictable result is that less will be supplied than is demanded.
  • Had the government given wheat farmers coupons, each of which permitted the farmer to market one bushel of wheat, wheat marketings could have been cut by the desired amount. Production inefficiencies could be avoided by allowing the farmers to buy and sell coupons among themselves.
  • monopoly represents the artificial restriction of production by an entity having sufficient “market power” to do so.
  • Modern monopolies are a bit less transparent, for two reasons. First, even though governments still grant monopolies, they usually grant them to the producers. Second, some monopolies just happen without government creating them, although these are usually short-lived.
  • A final example of what occurs with official prices that are too high is the phenomenon of “rent seeking,” which occurs when someone enters a business to earn a profit that the government has tried to make unusually high.
  • If the wage does not adjust downward to equate supply and demand, the rate of urban unemployment will rise until further migration is deterred. Still other examples are in banking and drugs.
  • Rent seeking also occurs when something of value (like import licenses or radio/TV franchises) is being given away or sold below its true value
  • The great unifying principles of microeconomics are, ever and always, supply and demand. The normative overtone of microeconomics comes from the fact that competitive supply price represents value as seen by suppliers, and competitive demand price represents value as seen by demanders.
caelengrubb

Distribution of Income - Econlib - 0 views

  • The distribution of income lies at the heart of an enduring issue in political economy—the extent to which government should redistribute income from those with more income to those with less.
  • The term “income distribution” is a statistical concept. No one person is distributing income. Rather, the income distribution arises from people’s decisions about work, saving, and investment as they interact through markets and are affected by the tax system.
  • In the longer view, the path of income inequality over the twentieth century is marked by two main events: a sharp fall in inequality around the outbreak of World War II and an extended rise in inequality that began in the mid-1970s and accelerated in the 1980s. Income inequality today is about as large as it was in the 1920s.
  • ...11 more annotations...
  • Over multiple years, family income fluctuates, and so the distribution of multiyear income is moderately more equal than the distribution of single-year income.
  • n one sense, the growth of inequality in the last part of the twentieth century comes as a surprise. In the 1950s, the bottom part of the income distribution contained large concentrations of two kinds of families: farm families whose in-kind income was not counted in Census data, and elderly families, many of whom were ineligible for the new Social Security program
  • Over subsequent decades, farm families declined as a proportion of the population while increased Social Security benefits and an expanding private pension system lifted elderly incomes. Both trends favored greater income equality but were outweighed by four main factors.
  • Family structure. Over time, the two-parent, one-earner family was increasingly replaced by low-income single-parent families and higher-income two-parent, two-earner families
  • Trade and technology increasingly shifted demand away from less-educated and less-skilled workers toward workers with higher education or particular skills. The result was a growing earnings gap between more- and less-educated/skilled workers.
  • With improved communications and transportation, people increasingly functioned in national, rather than local, markets. In these broader markets, persons with unique talents could command particularly high salaries.
  • In 2002, immigrants who had entered the country since 1980 constituted nearly 11 percent of the labor force (see immigration). A relatively high proportion of these immigrants had low levels of education and increased the number of workers competing for low-paid work.
  • A second offset to estimated inequality is economic mobility. Because most family incomes increase as people’s careers develop, long-run incomes are more equal than standard single-year statistics suggest
  • Is inequality of wages and incomes bad? The question seems ludicrous. Of course inequality is bad, isn’t it? Actually, no. What matters crucially is how the inequality came about.
  • Inequality of wages and incomes is clearly bad if it results from government privileges. Many people would find such an outcome unjust, but even more important to many economists is that such inequality sets up perverse incentives.
  • But inequality in wages and incomes in relatively free economies serves two important social functions.
Javier E

My Mom Believes In QAnon. I've Been Trying To Get Her Out. - 0 views

  • An early adopter of the QAnon mass delusion, on board since 2018, she held firm to the claim that a Satan-worshipping cabal of child sex traffickers controlled the world and the only person standing in their way was Trump. She saw him not merely as a politician but a savior, and she expressed her devotion in stark terms.
  • “The prophets have said Trump is anointed,” she texted me once. “God is using him to finally end the evil doings of the cabal which has hurt humanity all these centuries… We are in a war between good & evil.”
  • By 2020, I’d pretty much given up on swaying my mom away from her preferred presidential candidate. We’d spent many hours arguing over basic facts I considered indisputable. Any information I cited to prove Trump’s cruelty, she cut down with a corresponding counterattack. My links to credible news sources disintegrated against a wall of outlets like One America News Network, Breitbart, and Before It’s News. Any cracks I could find in her positions were instantly undermined by the inconvenient fact that I was, in her words, a member of “the liberal media,” a brainwashed acolyte of the sprawling conspiracy trying to take down her heroic leader.
  • ...20 more annotations...
  • The irony gnawed at me: My entire vocation as an investigative reporter was predicated on being able to reveal truths, and yet I could not even rustle up the evidence to convince my own mother that our 45th president was not, in fact, the hero she believed him to be. Or, for that matter, that John F. Kennedy Jr. was dead. Or that Tom Hanks had not been executed for drinking the blood of children.
  • The theories spun from Q’s messages seemed much easier to disprove. Oprah Winfrey couldn’t have been detained during a wave of deep state arrests because we could still see her conducting live interviews on television. Trump’s 4th of July speech at Mount Rushmore came to an end without John F. Kennedy Jr. revealing he was alive and stepping in as the president’s new running mate. The widespread blackouts that her Patriot friend’s “source from the Pentagon” had warned about failed to materialize. And I could testify firsthand that the CIA had no control over my newsroom’s editorial decisions.
  • “I believe the Holy Spirit led me to the QAnons to discover the truth which is being suppressed,” she texted me. “Otherwise, how would I be able to know the truth if the lamestream media suppresses the truth?”
  • Through the years, I’d battled against conspiracy theories my mom threw at me that were far more formidable than QAnon. I’d been stumped when she asked me to prove that Beyoncé wasn’t an Illuminati member, dumbfounded when research studies I sent her weren’t enough to reach an agreement on vaccine efficacy, and too worn down to say anything more than “that’s not true” when confronted with false allegations of murders committed by prominent politicians.
  • Eventually, I accepted the impasse. It didn’t seem healthy that every conversation we had would devolve into a circuitous debate about which one of us was on the side of the bad guys. So I tried to pick my battles.
  • She regretted not taking politics more seriously when I was younger. I’d grown up blinkered by American privilege, trained to ignore the dirty machinations securing my comforts. My mom had shed that luxury long ago.
  • With no overlap between our filters of reality, I was at a loss for any facts that would actually stick.
  • Meanwhile, she wondered where she’d gone wrong with me
  • But what I had dismissed as damaging inconsistencies turned out to be the core strength of the belief system: It was alive, flexible, sprouting more questions than answers, more clues to study, an investigation playing out in real time, with the fate of the world at stake.
  • The year my mom began falling down QAnon rabbit holes, I turned the age she was when she first arrived in the States. By then, I was no longer sure that America was worth the cost of her migration. When the real estate market collapsed under the weight of Wall Street speculation, she had to sell our house at a steep loss to avoid foreclosure and her budding career as a realtor evaporated. Her near–minimum wage jobs weren’t enough to cover her bills, so her credit card debts rose. She delayed retirement plans because she saw no path to breaking even anytime soon, though she was hopeful that a turnaround was on the horizon. Through the setbacks and detours, she drifted into the arms of the people and beliefs I held most responsible for her troubles.
  • With a fervor I knew was futile, I’d tell my mom she was missing the real conspiracy: The powerful people shaping policy to benefit their own interests, to maintain wealth and white predominance, through tax cuts and voter suppression, were commandeering her support solely by catering to her stance on the one issue she cared most about.
  • The voice my mom trusted most now was Trump’s. Our disagreements were no longer ideological to her but part of a celestial conflict.
  • “I love you but you have to be on the side of good,” she texted me. “Im sad cuz u have become part of the deep state. May God have mercy on you...I pray you will see the truth of the evil agenda and be on the side of Trump.”
  • She likened her fellow Patriots to the early Christians who spread the word of Jesus at the risk of persecution. She often sent me a meme with a caption about “ordinary people who spent countless hours researching, debating, meditating and praying” for the truth to be revealed to them. “Although they were mocked, dismissed and cast off, they knew their souls had agreed long ago to do this work.”
  • Last summer, as my mom marched in a pink MAGA hat amid maskless crowds, and armed extremists stalked racial justice protests, and a disputed election loomed like a time bomb, I entertained my darkest thoughts about the fate of our country. Was there any hope in a democracy without a shared set of basic facts? Had my elders fled one authoritarian regime only for their children to face another? Amid the gloom, I found only a single morsel of solace: My mom was as hopeful as she’d ever been.
  • I wish I could offer some evidence showing that the gulf between us might be narrowing, that my love, persistence, and collection of facts might be enough to draw her back into a reality we share, and that when our wager about the storm comes due in a few months, she’ll realize that the voices she trusts have been lying to her. But I don’t think that will happen
  • What can I do but try to limit the damage? Send my mom movie recommendations to occupy the free time she instead spends on conspiracy research. Shift our conversations to the common ground of cooking recipes and family gossip. Raise objections when her beliefs nudge her toward dangerous decisions.
  • I now understand our debates as marks of the very bond I thought was disintegrating. No matter how far she believes I’ve fallen into the deep state, how hard I fight for the forces of evil, how imminent the grand plan’s rapture, my mom will be there on the other side of the line putting in a good word for me with the angels and saints, trying to save me from damnation. And those are the two realities we live in. ●
  • understand
  • now understand our debates as marks of the very bond I thought was disintegrating. No matter how far she believes I’ve fallen into the deep state, how hard I fight for the forces of evil, how imminent the grand plan’s rapture, my mom will be there on the other side of the line putting in a good word for me with the angels and saints, trying to save me from damnation. And those are the two realities we live in. ●
Javier E

How Do You Know When Society Is About to Fall Apart? - The New York Times - 1 views

  • Tainter seemed calm. He walked me through the arguments of the book that made his reputation, “The Collapse of Complex Societies,” which has for years been the seminal text in the study of societal collapse, an academic subdiscipline that arguably was born with its publication in 1988
  • It is only a mild overstatement to suggest that before Tainter, collapse was simply not a thing.
  • His own research has moved on; these days, he focuses on “sustainability.”
  • ...53 more annotations...
  • He writes with disarming composure about the factors that have led to the disintegration of empires and the abandonment of cities and about the mechanism that, in his view, makes it nearly certain that all states that rise will one day fall
  • societal collapse and its associated terms — “fragility” and “resilience,” “risk” and “sustainability” — have become the objects of extensive scholarly inquiry and infrastructure.
  • Princeton has a research program in Global Systemic Risk, Cambridge a Center for the Study of Existential Risk
  • even Tainter, for all his caution and reserve, was willing to allow that contemporary society has built-in vulnerabilities that could allow things to go very badly indeed — probably not right now, maybe not for a few decades still, but possibly sooner. In fact, he worried, it could begin before the year was over.
  • Plato, in “The Republic,” compared cities to animals and plants, subject to growth and senescence like any living thing. The metaphor would hold: In the early 20th century, the German historian Oswald Spengler proposed that all cultures have souls, vital essences that begin falling into decay the moment they adopt the trappings of civilization.
  • that theory, which became the heart of “The Collapse of Complex Societies.” Tainter’s argument rests on two proposals. The first is that human societies develop complexity, i.e. specialized roles and the institutional structures that coordinate them, in order to solve problems
  • All history since then has been “characterized by a seemingly inexorable trend toward higher levels of complexity, specialization and sociopolitical control.”
  • Eventually, societies we would recognize as similar to our own would emerge, “large, heterogeneous, internally differentiated, class structured, controlled societies in which the resources that sustain life are not equally available to all.”
  • Something more than the threat of violence would be necessary to hold them together, a delicate balance of symbolic and material benefits that Tainter calls “legitimacy,” the maintenance of which would itself require ever more complex structures, which would become ever less flexible, and more vulnerable, the more they piled up.
  • Social complexity, he argues, is inevitably subject to diminishing marginal returns. It costs more and more, in other words, while producing smaller and smaller profits.
  • Take Rome, which, in Tainter's telling, was able to win significant wealth by sacking its neighbors but was thereafter required to maintain an ever larger and more expensive military just to keep the imperial machine from stalling — until it couldn’t anymore.
  • This is how it goes. As the benefits of ever-increasing complexity — the loot shipped home by the Roman armies or the gentler agricultural symbiosis of the San Juan Basin — begin to dwindle, Tainter writes, societies “become vulnerable to collapse.”
  • haven’t countless societies weathered military defeats, invasions, even occupations and lengthy civil wars, or rebuilt themselves after earthquakes, floods and famines?
  • Only complexity, Tainter argues, provides an explanation that applies in every instance of collapse.
  • Complexity builds and builds, usually incrementally, without anyone noticing how brittle it has all become. Then some little push arrives, and the society begins to fracture.
  • A disaster — even a severe one like a deadly pandemic, mass social unrest or a rapidly changing climate — can, in Tainter’s view, never be enough by itself to cause collapse
  • The only precedent Tainter could think of, in which pandemic coincided with mass social unrest, was the Black Death of the 14th century. That crisis reduced the population of Europe by as much as 60 percent.
  • Whether any existing society is close to collapsing depends on where it falls on the curve of diminishing returns.
  • The United States hardly feels like a confident empire on the rise these days. But how far along are we?
  • Scholars of collapse tend to fall into two loose camps. The first, dominated by Tainter, looks for grand narratives and one-size-fits-all explanations
  • The second is more interested in the particulars of the societies they study
  • Patricia McAnany, who teaches at the University of North Carolina at Chapel Hill, has questioned the usefulness of the very concept of collapse — she was an editor of a 2010 volume titled “Questioning Collapse” — but admits to being “very, very worried” about the lack, in the United States, of the “nimbleness” that crises require of governments.
  • We’re too vested and tied to places.” Without the possibility of dispersal, or of real structural change to more equitably distribute resources, “at some point the whole thing blows. It has to.”
  • In Turchin’s case the key is the loss of “social resilience,” a society’s ability to cooperate and act collectively for common goals. By that measure, Turchin judges that the United States was collapsing well before Covid-19 hit. For the last 40 years, he argues, the population has been growing poorer and more unhealthy as elites accumulate more and more wealth and institutional legitimacy founders. “The United States is basically eating itself from the inside out,
  • Inequality and “popular immiseration” have left the country extremely vulnerable to external shocks like the pandemic, and to internal triggers like the killings of George Floyd
  • Turchin is keenly aware of the essential instability of even the sturdiest-seeming systems. “Very severe events, while not terribly likely, are quite possible,” he says. When he emigrated from the U.S.S.R. in 1977, he adds, no one imagined the country would splinter into its constituent parts. “But it did.”
  • Eric H. Cline, who teaches at the George Washington University, argued in “1177 B.C.: The Year Civilization Collapsed” that Late Bronze Age societies across Europe and western Asia crumbled under a concatenation of stresses, including natural disasters — earthquakes and drought — famine, political strife, mass migration and the closure of trade routes. On their own, none of those factors would have been capable of causing such widespread disintegration, but together they formed a “perfect storm” capable of toppling multiple societies all at once.
  • Collapse “really is a matter of when,” he told me, “and I’m concerned that this may be the time.”
  • In “The Collapse of Complex Societies,” Tainter makes a point that echoes the concern that Patricia McAnany raised. “The world today is full,” Tainter writes. Complex societies occupy every inhabitable region of the planet. There is no escaping. This also means, he writes, that collapse, “if and when it comes again, will this time be global.” Our fates are interlinked. “No longer can any individual nation collapse. World civilization will disintegrate as a whole.”
  • If it happens, he says, it would be “the worst catastrophe in history.”
  • The quest for efficiency, he wrote recently, has brought on unprecedented levels of complexity: “an elaborate global system of production, shipping, manufacturing and retailing” in which goods are manufactured in one part of the world to meet immediate demands in another, and delivered only when they’re needed. The system’s speed is dizzying, but so are its vulnerabilities.
  • A more comprehensive failure of fragile supply chains could mean that fuel, food and other essentials would no longer flow to cities. “There would be billions of deaths within a very short period,” Tainter says.
  • If we sink “into a severe recession or a depression,” Tainter says, “then it will probably cascade. It will simply reinforce itself.”
  • Tainter tells me, he has seen “a definite uptick” in calls from journalists: The study of societal collapse suddenly no longer seems like a purely academic pursuit
  • Societies evolve complexity, he argues, precisely to meet such challenges.
  • He writes of visions of “bloated bureaucracies” becoming the basis of “entire political careers.” Arms races, he observes, presented a “classic example” of spiraling complexity that provides “no tangible benefit for much of the population” and “usually no competitive advantage” either.
  • It is hard not to read the book through the lens of the last 40 years of American history, as a prediction of how the country might deteriorate if resources continued to be slashed from nearly every sector but the military, prisons and police.
  • The more a population is squeezed, Tainter warns, the larger the share that “must be allocated to legitimization or coercion.
  • And so it was: As U.S. military spending skyrocketed — to, by some estimates, a total of more than $1 trillion today from $138 billion in 1980 — the government would try both tactics, ingratiating itself with the wealthy by cutting taxes while dismantling public-assistance programs and incarcerating the poor in ever-greater numbers.
  • “As resources committed to benefits decline,” Tainter wrote in 1988, “resources committed to control must increase.”
  • The overall picture drawn by Tainter’s work is a tragic one. It is our very creativity, our extraordinary ability as a species to organize ourselves to solve problems collectively, that leads us into a trap from which there is no escaping
  • Complexity is “insidious,” in Tainter’s words. “It grows by small steps, each of which seems reasonable at the time.” And then the world starts to fall apart, and you wonder how you got there.
  • Perhaps collapse is not, actually, a thing. Perhaps, as an idea, it was a product of its time, a Cold War hangover that has outlived its usefulness, or an academic ripple effect of climate-change anxiety, or a feedback loop produced by some combination of the two
  • if you pay attention to people’s lived experience, and not just to the abstractions imposed by a highly fragmented archaeological record, a different kind of picture emerges.
  • Tainter’s understanding of societies as problem-solving entities can obscure as much as it reveals
  • Plantation slavery arose in order to solve a problem faced by the white landowning class: The production of agricultural commodities like sugar and cotton requires a great deal of backbreaking labor. That problem, however, has nothing to do with the problems of the people they enslaved. Which of them counts as “society”?
  • Since the beginning of the pandemic, the total net worth of America’s billionaires, all 686 of them, has jumped by close to a trillion dollars.
  • If societies are not in fact unitary, problem-solving entities but heaving contradictions and sites of constant struggle, then their existence is not an all-or-nothing game.
  • Collapse appears not as an ending, but a reality that some have already suffered — in the hold of a slave ship, say, or on a long, forced march from their ancestral lands to reservations faraway — and survived.
  • The current pandemic has already given many of us a taste of what happens when a society fails to meet the challenges that face it, when the factions that rule over it tend solely to their own problems
  • the real danger comes from imagining that we can keep living the way we always have, and that the past is any more stable than the present.
  • If you close your eyes and open them again, the periodic disintegrations that punctuate our history — all those crumbling ruins — begin to fade, and something else comes into focus: wiliness, stubbornness and, perhaps the strongest and most essential human trait, adaptability.
  • When one system fails, we build another. We struggle to do things differently, and we push on. As always, we have no other choice.
pier-paolo

Opinion | The War on Logic - The New York Times - 0 views

  • We are, I believe, witnessing something new in American politics. Last year, looking at claims that we can cut taxes, avoid cuts to any popular program and still balance the budget, I observed that Republicans seemed to have lost interest in the war on terror and shifted focus to the war on arithmetic. But now the G.O.P. has moved on to an even bigger project: the war on logic.
  • First of all, says the analysis, the true cost of reform includes the cost of the “doc fix.”
  • in 1997 Congress enacted a formula to determine Medicare payments to physicians. The formula was, however, flawed; it would lead to payments so low that doctors would stop accepting Medicare patients. Instead of changing the formula, however, Congress has consistently enacted one-year fixes.
  • ...3 more annotations...
  • And Republicans claim that the estimated cost of future fixes, $208 billion over the next 10 years, should be considered a cost of health care reform.But the same spending would still be necessary if we were to undo reform. So the G.O.P. argument here is exactly like claiming that my mortgage payments, which I’ll have to make no matter what we do tonight, are a cost of going out for dinner.
  • So, is the Republican leadership unable to see through childish logical fallacies? No. The key to understanding the G.O.P. analysis of health reform is that the party’s leaders are not, in fact, opposed to reform because they believe it will increase the deficit
  • All they ever needed or wanted were some numbers and charts to wave at the press, fooling some people into believing that we’re having some kind of rational discussion. We aren’t.
jmfinizio

NRA files for bankruptcy - CNN - 0 views

  • The National Rifle Association of America, the nation's foremost gun lobby, has filed for bankruptcy
  • The group said it plans to leave New York State, where it was founded in 1871, and reincorporate as a Texas nonprofit in a move it is calling "Project Freedom,"
  • New York Attorney General Letitia James filed a lawsuit in August accusing the NRA's senior leadership of violating laws governing nonprofit groups and using millions of dollars from the organization's reserves for personal use and tax fraud.
  • ...5 more annotations...
  • In response, the NRA filed a countersuit alleging the attorney general was hampering the group's First Amendment rights.
  • "while we review this filing, we will not allow the NRA to use this or any other tactic to evade accountability and my office's oversight."
  • The NRA said Friday it is in its "strongest financial condition in years," but the restructuring will help to "streamline costs and expenses."
  • The largest creditor listed on the NRA's bankruptcy filing is its former advertising firm, Ackerman McQueen, with which the NRA has been in a contentious legal battle after nearly 30 years in business together.
  • "The NRA, a get rich quick scheme for its executives that pushed positions wildly out of step with gun owners, is collapsing, just as Congress readies to vote on a comprehensive background checks proposal with 90% public support,"
« First ‹ Previous 101 - 120 of 141 Next › Last »
Showing 20 items per page