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malonema1

Trump walks back sanctions against Russia, contradicting Nikki Haley - TODAY.com - 0 views

www.today.com/...ting-nikki-haley-1212661827918

trump politics US

shared by malonema1 on 01 May 18 - No Cached
  • Trump walks back sanctions against Russia, contradicting Nikki Haley
  • President Trump is walking back plans to impose new economic sanctions against Russia announced Sunday by U.N. Ambassador Nikki Haley. The planned sanctions were an attempt to punish Russia for its support of Syrian President Bashar Assad after a chemical weapons attack earlier this month. {"1222314563954":{"mpxId":"1222314563954","canonical_url":"https://www.today.com/video/how-author-allison-pataki-s-life-was-changed-by-her-husband-s-stroke-1222314563954","canonicalUrl":"https://www.today.com/video/how-author-allison-pataki-s-life-was-changed-by-her-husband-s-stroke-1222314563954","legacy_url":"https://www.today.com/video/how-author-allison-pataki-s-life-was-changed-by-her-husband-s-stroke-1222314563954","playerUrl":"https://www.today.com/offsite/how-author-allison-pataki-s-life-was-changed-by-her-husband-s-stroke-1222314563954","ampPlayerUrl":"https://player.today.com/offsite/how-author-allison-pataki-s-life-was-changed-by-her-husband-s-stroke-1222314563954","relatedLink":"","sentiment":"Positive","shortUrl":"https://www.today.com/video/how-author-allison-pataki-s-life-was-changed-by-her-husband-s-stroke-1222314563954","description":"Daughter of former New York Gov. 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five years after her escape from the Cleveland home of Ariel Castro, who held her and two others captive for over a decade, Michelle Knight (now known as Lily Rose Lee) joins Megyn Kelly TODAY to talk about her ordeal and her new memoir, “Life After Darkness.” She talks about her recent marriage and her prospects for having a child.","title":"Cleveland kidnapping survivor Michelle Knight talks about new life, marriage","thumbnail":"https://media2.s-nbcnews.com/j/MSNBC/Components/Video/201804/tdy_mk_news_michelle_knight_180430.today-vid-rail.jpg","socialTitle":"Cleveland kidnapping survivor Michelle Knight talks about new life, marriage","seoHeadline":"Cleveland kidnapping survivor Michelle Knight talks about new life, 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  • Amid the historic developments formally ending the Korean War, North Korean leader Kim Jong Un has promised to close down a nuclear test site in May. 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  • ...1 more annotation...
  • North Korea to close down nuclear test site in May
julia rhodes

Why Seven African Nations Joined Anti-Monsanto Protests Last Weekend | ThinkProgress - 0 views

thinkprogress.org/...es-join-anti-monsanto-protests

african nations protests technology science research education economics policy culture crisis

shared by julia rhodes on 28 Oct 13 - No Cached
  • One of the company’s most compelling arguments for its quest to spread GMOs is that Monsanto products are the solution to world hunger
  • The company’s defenders claim that opposing GMOs is a luxury of Western privilege that denies developing countries vital resources to feed impoverished communities
  • According to Food Sovereignty Ghana, seven African countries held anti-Monsanto rallies on Saturday
  • ...9 more annotations...
  • “GMO will make Ghanaian farmers poor” and “Our Food Under Our Control!!!”
  • Monsanto is also part of the New Alliance for Food Security and Nutrition, a group of private corporations tasked by the G8 to invest in solutions to African hunger over the next decade.
  • Hating Monsanto is “a luxury when you’re surrounded by food 24/7,” writes one defender, who argues that spreading negative sentiment against the company actually “impedes global economic growth.” Even Britain’s Environmental Secretary, Owen Paterson, said organizations fighting the spread of GMOs are “absolutely wicked” and “cast a dark shadow over attempts to feed the world.”
  • However, golden rice is still mainly theoretical after a decade of research.
  • ood Sovereignty Ghana warns against the “control of our resources by multinational corporations and other foreign entities,” and the “avaricious calculations behind the proposition that food is just another commodity or component for international agribusiness.”
  • they call for “collective control over our collective resources.”
  • ontroversial GM golden rice, which is supposed to pump up Vitamin A levels in regular rice to make it more nutritious, could well be a promising use of technology
  • But African farmers also have very legitimate concerns about Monsanto’s reputation for investigating, suing, and ruining farmers who try to save GM seeds.
  • hunger is not caused by a food shortage but by “a lack of purchasing power and/or the inability of the rural poor to be self-sufficient.”
  • julia rhodes on 28 Oct 13
     
    Who has the right to decide liberties, farmers or NGOs?
Javier E

Suddenly, It Looks Like We're in a Golden Age for Medicine - The New York Times - 0 views

www.nytimes.com/...ine-biomedical-innovation.html

medicine innovation boom

shared by Javier E on 27 Jun 23 - No Cached
  • “I’ve been running my research lab for almost 30 years,” says Jennifer Doudna, a biochemist at the University of California, Berkeley. “And I can say that throughout that period of time, I’ve just never experienced what we’re seeing over just the last five years.”
  • the vaccine innovations stretch beyond mRNA: A “world-changing” vaccine for malaria, which kills 600,000 globally each year, is being rolled out in Ghana and Nigeria, and early trials for next-generation dengue vaccines suggest they may reduce symptomatic infection by 80 percent or more.
  • surveying the recent landscape of scientific breakthroughs, she says the last half-decade has been more remarkable still: “I think we’re at an extraordinary time of accelerating discoveries.”
  • ...16 more annotations...
  • Beyond Crispr and Covid vaccines, there are countless potential applications of mRNA tools for other diseases; a new frontier for immunotherapy and next-generation cancer treatment; a whole new world of weight-loss drugs; new insights and drug-development pathways to chase with the help of machine learning; and vaccines heralded as game-changing for some of the world’s most intractable infectious diseases.
  • “You cannot imagine what you’re going to see over the next 30 years. The pace of advancement is in an exponential phase right now.”
  • the mRNA sequence of the first shot was designed in a weekend, and the finished vaccines arrived within months, an accelerated timeline that saved perhaps several million American lives and tens of millions worldwide — numbers that are probably larger than the cumulative global death toll of the disease.
  • As the first of their kind to be approved by the Food and Drug Administration, they brought with them a very long list of potential future mRNA applications: H.I.V., tuberculosis, Zika, respiratory syncytial virus (R.S.V.), cancers of various and brutal kinds.
  • A Nobel laureate, Doudna is known primarily for Crispr, the gene-editing Swiss Army knife that has been called “a word processor” for the human genome and that she herself describes as “a technology that literally enables the rewriting of the code of life.”
  • A couple of decades later, it looks like a golden age for new treatments. New trials of breast-cancer drugs have led to survival rates hailed in The Times as “unheard-of,” and a new treatment for postoperative lung-cancer patients may cut mortality by more than half. Another new treatment, for rectal cancer, turned every single member of a small group of cases into cancer-free survivors.
  • many of their back stories do rhyme, often stretching back several decades through the time of the Human Genome Project, which was completed in 2003, and the near-concurrent near-doubling of the National Institutes of Health’s budget, which helped unleash what Donna Shalala, President Bill Clinton’s secretary for health and human services, last year called “a golden age of biomedical research.”
  • Ozempic and Wegovy have already changed the landscape for obesity in America
  • although the very first person to receive Crispr gene therapy in the United States received it just four years ago, for sickle-cell disease, it has since been rolled out for testing on congenital blindness, heart disease, diabetes, cancer and H.I.V
  • all told, some 400 million people worldwide are afflicted by one or more diseases arising from single-gene mutations that would be theoretically simple for Crispr to fix.
  • in theory, inserting a kind of genetic prophylaxis against Alzheimer’s or dementia.
  • In January, a much-talked-about paper in Nature suggested that the rate of what the authors called disruptive scientific breakthroughs was steadily declining over time — that, partly as a result of dysfunctional academic pressures, researchers are more narrowly specialized than in the past and often tinkering around the margins of well-understood science.
  • when it comes to the arrival of new vaccines and treatments, the opposite story seems more true: whole branches of research, cultivated across decades, finally bearing real fruit
  • Does this mean we are riding an exponential curve upward toward radical life extension and the total elimination of cancer? No. The advances are more piecemeal and scattered than tha
  • “The biology and the science that we need is already in place,” he says. “The question now to me is: Can we actually do it?”
  • Sometimes these things just take a little time.
Javier E

» The End of Higher Education's Golden Age Clay Shirky - 0 views

www.shirky.com/...g-adults-the-way-were-doing-it

highered economics history crisis university

shared by Javier E on 01 Feb 14 - No Cached
  • The biggest threat those of us working in colleges and universities face isn’t video lectures or online tests. It’s the fact that we live in institutions perfectly adapted to an environment that no longer exists.
  • Decades of rising revenue meant we could simultaneously become the research arm of government and industry, the training ground for a rapidly professionalizing workforce, and the preservers of the liberal arts tradition. Even better, we could do all of this while increasing faculty ranks and reducing the time senior professors spent in the classroom. This was the Golden Age of American academia.
  • Rising costs and falling subsidies have driven average tuition up over 1000% since the 1970s.
  • ...23 more annotations...
  • For 30 wonderful years, we had been unusually flush, and we got used to it, re-designing our institutions to assume unending increases in subsidized demand. This did not happen. The year it started not happening was 1975. Every year since, we tweaked our finances, hiking tuition a bit, taking in a few more students, making large lectures a little larger, hiring a few more adjuncts.
  • Over the decades, though, we’ve behaved like an embezzler who starts by taking only what he means to replace, but ends up extracting so much that embezzlement becomes the system. There is no longer enough income to support a full-time faculty and provide students a reasonably priced education of acceptable quality at most colleges or universities in this country.
  • Of the twenty million or so students in the US, only about one in ten lives on a campus. The remaining eighteen million—the ones who don’t have the grades for Swarthmore, or tens of thousands of dollars in free cash flow, or four years free of adult responsibility—are relying on education after high school not as a voyage of self-discovery but as a way to acquire training and a certificate of hireability.
  • Though the landscape of higher education in the U.S., spread across forty-six hundred institutions, hosts considerable variation, a few commonalities emerge: the bulk of students today are in their mid-20s or older, enrolled at a community or commuter school, and working towards a degree they will take too long to complete. One in three won’t complete, ever. Of the rest, two in three will leave in debt. The median member of this new student majority is just keeping her head above water financially. The bottom quintile is drowning.
  • One obvious way to improve life for the new student majority is to raise the quality of the education without raising the price. This is clearly the ideal, whose principal obstacle is not conceptual but practical: no one knows how. The value of our core product—the Bachelor’s degree—has fallen in every year since 2000, while tuition continues to increase faster than inflation.
  • The metaphor my colleagues often use invokes religion. In Wannabe U, the author describes the process of trying to turn UConn into a nationally competitive school as the faculty being ‘dechurched’. In this metaphor, we are a separate estate of society that has putative access to its resources, as well as the right to reject democratic oversight, managerial imperatives, and market discipline. We answer to no one but ourselves.
  • When the economic support from the Golden Age began to crack, we tenured faculty couldn’t be forced to share much of the pain. Our jobs were secure, so rather than forgo raises or return to our old teaching loads, we either allowed or encouraged those short-term fixes—rising tuition, larger student bodies, huge introductory lectures.
  • All that was minor, though, compared to our willingness to rely on contingent hires, including our own graduate students, ideal cheap labor. The proportion of part-time and non-tenure track teachers went from less than half of total faculty, before 1975, to over two-thirds now
  • In the same period, the proportion of jobs that might someday lead to tenure collapsed, from one in five to one in ten. The result is the bifurcation we have today: People who have tenure can’t lose it. People who don’t mostly can’t get it.
  • If we can’t keep raising costs for students (we can’t) and if no one is coming to save us (they aren’t), then the only remaining way to help these students is to make a cheaper version of higher education for the new student majority.
  • The number of high-school graduates underserved or unserved by higher education today dwarfs the number of people for whom that system works well. The reason to bet on the spread of large-scale low-cost education isn’t the increased supply of new technologies. It’s the massive demand for education, which our existing institutions are increasingly unable to handle. That demand will go somewhere.
  • why is not part of the answer a secondary education certification scheme that is serious and ideally nation-wide. The British GCSE/A-levels is something that seems to work. Herding the cats that would be necessary to implement something like that is, I grant, a monstrous task, but perhaps no more difficult than revising the university system. As things stand now, the lack of standards in most high schools means wasted opportunities of academic development for a very large part of our reasonably gifted teenage population. A revised university system would still leave in place the distinctly inadequate high school system we have now.
  • The other way to help these students would be to dramatically reduce the price or time required to get an education of acceptable quality (and for acceptable read “enabling the student to get a better job”, their commonest goal.) This is a worse option in every respect except one, which is that it may be possible.
  • The metaphor I have come to prefer (influenced especially by Richard Rorty) is that we in the academy are workers, and our work is to make people smarter — ourselves, our peers, our students, which is a goal that has to be constantly negotiated among various constituencies.
  • When the military rationale for both the GI Bill and the Soviet struggle ended, so did overall American interest in the kind of funding that drove the Golden Age. There is not now and has never been a broad commitment to higher education as a social good in this country
  • ow you can say — and many of my colleagues do — that this is all just a matter of getting state governments to take on different concerns or convictions, or getting a more nationalized educational system. That was the song my parents, both educators, sang, and the song I grew up singing. But the period when the states really drove funding up lasted just 15 years — 1960 to 1975 — and has been in decline for 40 years since.
  • I can — barely — imagine some states increasing some subsidies to some campuses at a rate faster than inflation. Some of the schools in California, Virginia, Massachusetts, and Michigan are candidates for this. I cannot, however, imagine my tenured colleagues tolerating the situation that makes higher education broadly affordable in social democracies, which would require us earning less while teaching more.
  • I am done, in other words, thinking of myself and my peers on faculty as blameless, and I am done imagining that 40 years of evidence from the behavior of democratically elected legislatures is some sort of readily reversible blip. I do not believe that the caste system that has established itself at elite institutions can be funded at the rate which we insist we need, and I do not believe that we will willingly see any of our own benefits reduced to help our junior colleagues or our students.
  • Students feel compelled to acquire credentialing as a means of improving their economic positions. Unfortunately, along the way, “professional” training has taken precedence over education. The two have become conflated in the public mind.
  • Today it is not only that the PhD:s are abundant but also that in many areas peak knowledge is short lived. You might be competent when you graduate but five years later that competence is of yesteryear and the ones with the newest knowledge kick you out just like you kicked someone else out five years ago. We need a base to stand on but then we need to go in and out of education during our whole lives to keep up with development. This puts a strain on each end everyone of us as individuals but it also calls for a whole new role for academia
  • Change the game and lower the transaction costs: Instead of treating students as backseat passengers in a higher educational vehicle that’s geared towards the transmission of self-contained content, i.e., content produced by professors for the self-serving purpose of publication–put steering wheels in the hands of students, take them out on road trips, negotiate real problems–and they will become self-educating
  • Note that having a college degree only retains value right now because there isn’t a better (more predictive, and trusted) credential to be had for people who are seeking jobs.
  • the online versions of education have reduced the college experience down to what’s easy to implement and easy to measure: receiving lectures, and activities of the quiz-and-test variety. It’s not clear that the value of the traditional old-school college experience (and it’s accompanying degree) were the result of those particular aspects of the experience. Granting degrees based only on coursework runs the risk of diluting the perceived value of the degree.
g-dragon

The Tang Dynasty in China -- A Golden Era - 0 views

www.thoughtco.com/ynasty-china-golden-era-117674

Tang Dynasty china Golden Era

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  • The Tang Dynasty, following the Sui and preceding the Song Dynasty, was a golden age that lasted from A.D. 618–907. It is considered the high point in Chinese civilization.
  • Under the rule of the Sui Empire, the people suffered wars, forced labor for massive government construction projects, and high taxes. They eventually rebelled, and the Sui dynasty fell in the year 618.
  • The empire prospered under stable rule, with increased wealth, growth of cities, and creation of enduring works of art and literature. It’s believed that Chang’an became the biggest city in the world.
  • ...9 more annotations...
  • Li Shimin became Emperor Taizong and reigned for many years. He expanded China’s rule westward; in time, the area claimed by the Tang reached the Caspian Sea.
  • Chang'an welcomed traders from Korea, Japan, Syria, Arabia, Iran, and Tibet. Li Shimin also put in place a code of law that became a model for later dynasties and even for other countries, including Japan and Korea.
  • This period is considered the height of the Tang Dynasty. Peace and growth continued after Li Shimin’s death in 649.
  • a powerful general named Li Yuan defeated his rivals; captured the capital city, Chang’an (modern-day Xi'an); and named himself emperor of the Tang Dynasty empire. He created an efficient bureaucracy
  • Also in the mid-750s, the Arabs attacked from the west, defeating a Tang army and gaining control of western Tang lands along with the western Silk Road route. Then the Tibetan empire attacked, taking a large northern area of China and capturing Chang’an in 763.
  • Although Chang’an was recaptured, these wars and land losses left the Tang Dynasty weakened and less able to maintain order throughout China.
  • One result was the emergence of a merchant class, which grew more powerful due to weakening of the government’s control of industry and trade. Ships loaded with merchandise to trade sailed as far as Africa and Arabia. But this did not help to strengthen the Tang government.
  • During the Tang Dynasty’s last 100 years, widespread famine and natural disasters, including massive floods and severe drought, led to the deaths of millions and added to the empire’s decline.
  • The Tang Dynasty had a major influence on the culture of Asia. This was particularly true in Japan and Korea, which adopted many of the dynasty’s religious, philosophical, architectural, fashion, and literary styles.
Javier E

Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Stree... - 2 views

DIIGO_FILE_HOME/7ui9/74ec4c99e72deda4a64da10692a15bf6

economics history literature good evil theory philosophy philosophers Bible Gilgamesh Adam Smith

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  • Instead of self-confident and self-centered answers, the author humbly asks fundamental questions: What is economics? What is its meaning? Where does this new religion, as it is sometimes called, come from? What are its possibilities and its limitations and borders, if there are any? Why are we so dependent on permanent growing of growth and growth of growing of growth? Where did the idea of progress come from, and where is it leading us? Why are so many economic debates accompanied by obsession and fanaticism?
  • The majority of our political parties act with a narrow materialistic focus when, in their programs, they present the economy and finance first; only then, somewhere at the end, do we find culture as something pasted on or as a libation for a couple of madmen.
  • most of them—consciously or unconsciously—accept and spread the Marxist thesis of the economic base and the spiritual superstructure.
  • ...297 more annotations...
  • He tries to break free of narrow specialization and cross the boundaries between scientific disciplines. Expeditions beyond economics’ borders and its connection to history, philosophy, psychology, and ancient myths are not only refreshing, but necessary for understanding the world of the twenty-first century.
  • Reality is spun from stories, not from material. Zdeněk Neubauer
  • “The separation between the history of a science, its philosophy, and the science itself dissolves into thin air, and so does the separation between science and non-science; differences between the scientific and unscientific are vanishing.”
  • Outside of our history, we have nothing more.
  • The study of the history of a certain field is not, as is commonly held, a useless display of its blind alleys or a collection of the field’s trials and errors (until we got it right), but history is the fullest possible scope of study of a menu that the given field can offer.
  • History of thought helps us to get rid of the intellectual brainwashing of the age, to see through the intellectual fashion of the day, and to take a couple of steps back.
  • Almost all of the key concepts by which economics operates, both consciously and unconsciously, have a long history, and their roots extend predominantly outside the range of economics, and often completely beyond that of science.
  • That is the reason for this book: to look for economic thought in ancient myths and, vice versa, to look for myths in today’s economics.
  • stories; Adam Smith believed. As he puts it in The Theory of Moral Sentiments, “the desire of being believed, or the desire of persuading, of leading and directing other people, seems to be one of the strongest of all our natural desires.”
  • “The human mind is built to think in terms of narratives … in turn, much of human motivation comes from living through a story of our lives, a story that we tell to ourselves and that creates a framework of our motivation. Life could be just ‘one damn thing after another’ if it weren’t for such stories. The same is true for confidence in a nation, a company, or an institution. Great leaders are foremost creators of stories.”
  • contrary to what our textbooks say, economics is predominantly a normative field. Economics not only describes the world but is frequently about how the world should be (it should be effective, we have an ideal of perfect competition, an ideal of high-GDP growth in low inflation, the effort to achieve high competitiveness …). To this end, we create models, modern parables,
  • I will try to show that mathematics, models, equations, and statistics are just the tip of the iceberg of economics; that the biggest part of the iceberg of economic knowledge consists of everything else; and that disputes in economics are rather a battle of stories and various metanarratives than anything else.
  • Before it was emancipated as a field, economics lived happily within subsets of philosophy—ethics, for example—miles away from today’s concept of economics as a mathematical-allocative science that views “soft sciences” with a scorn born from positivistic arrogance. But our thousand-year “education” is built on a deeper, broader, and oftentimes more solid base. It is worth knowing about.
  • is a paradox that a field that primarily studies values wants to be value-free. One more paradox is this: A field that believes in the invisible hand of the market wants to be without mysteries.
  • mathematics at the core of economics, or is it just the icing of the cake, the tip of the iceberg of our field’s inquiry?
  • we seek to chart the development of the economic ethos. We ask questions that come before any economic thinking can begin—both philosophically and, to a degree, historically. The area here lies at the very borders of economics—and often beyond. We may refer to this as protoeconomics (to borrow a term from protosociology) or, perhaps more fittingly, metaeconomics (to borrow a term from metaphysics).
  • In this sense, “the study of economics is too narrow and too fragmentary to lead to valid insight, unless complemented and completed by a study of metaeconomics.”17
  • The more important elements of a culture or field of inquiry such as economics are found in fundamental assumptions that adherents of all the various systems within the epoch unconsciously presuppose. Such assumptions appear so obvious that people do not know what they are assuming, because no other way of putting things has ever occurred to them, as the philosopher Alfred Whitehead notes in Adventures of Ideas.
  • I argue that economic questions were with mankind long before Adam Smith. I argue that the search for values in economics did not start with Adam Smith but culminated with him.
  • We should go beyond economics and study what beliefs are “behind the scenes,” ideas that have often become the dominant yet unspoken assumptions in our theories. Economics is surprisingly full of tautologies that economists are predominantly unaware of. I
  • argue that economics should seek, discover, and talk about its own values, although we have been taught that economics is a value-free science. I argue that none of this is true and that there is more religion, myth, and archetype in economics than there is mathematics.
  • In a way, this is a study of the evolution of both homo economicus and, more importantly, the history of the animal spirits within him. This book tries to study the evolution of the rational as well as the emotional and irrational side of human beings.
  • I argue that his most influential contribution to economics was ethical. His other thoughts had been clearly expressed long before him, whether on specialization, or on the principle of the invisible hand of the market. I try to show that the principle of the invisible hand of the market is much more ancient and developed long before Adam Smith. Traces of it appear even in the Epic of Gilgamesh, Hebrew thought, and in Christianity, and it is expressly stated by Aristophanes and Thomas Aquinas.
  • This is not a book on the thorough history of economic thought. The author aims instead to supplement certain chapters on the history of economic thought with a broader perspective and analysis of the influences that often escape the notice of economists and the wider public.
  • Progress (Naturalness and Civilization)
  • The Economy of Good and Evil
  • from his beginnings, man has been marked as a naturally unnatural creature, who for unique reasons surrounds himself with external possessions. Insatiability, both material and spiritual, are basic human metacharacteristics, which appear as early as the oldest myths and stories.
  • the Hebrews, with linear time, and later the Christians gave us the ideal (or amplified the Hebrew ideal) we now embrace. Then the classical economists secularized progress. How did we come to today’s progression of progress, and growth for growth’s sake?
  • The Need for Greed: The History of Consumption and Labor
  • Metamathematics From where did economics get the concept of numbers as the very foundation of the world?
  • All of economics is, in the end, economics of good and evil. It is the telling of stories by people of people to people. Even the most sophisticated mathematical model is, de facto, a story, a parable, our effort to (rationally) grasp the world around us.
  • idea that we can manage to utilize our natural egoism, and that this evil is good for something, is an ancient philosophical and mythical concept. We will also look into the development of the ethos of homo economicus, the birth of “economic man.”
  • The History of Animal Spirits: Dreams Never Sleep
  • Masters of the Truth
  • Originally, truth was a domain of poems and stories, but today we perceive truth as something much more scientific, mathematical. Where does one go (to shop) for the truth? And who “has the truth” in our epoch?
  • Our animal spirits (something of a counterpart to rationality) are influenced by the archetype of the hero and our concept of what is good.
  • The entire history of ethics has been ruled by an effort to create a formula for the ethical rules of behavior. In the final chapter we will show the tautology of Max Utility, and we will discuss the concept of Max Good.
  • The History of the Invisible Hand of the Market and Homo Economicus
  • We understand “economics” to mean a broader field than just the production, distribution, and consumption of goods and services. We consider economics to be the study of human relations that are sometimes expressible in numbers, a study that deals with tradables, but one that also deals with nontradables (friendship, freedom, efficiency, growth).
  • When we mention economics in this book, we mean the mainstream perception of it, perhaps as best represented by Paul Samuelson.
  • By the term homo economicus, we mean the primary concept of economic anthropology. It comes from the concept of a rational individual, who, led by narrowly egotistical motives, sets out to maximize his benefit.
  • the Epic of Gilgamesh bears witness to the opposite—despite the fact that the first written clay fragments (such as notes and bookkeeping) of our ancestors may have been about business and war, the first written story is mainly about great friendship and adventure.
  • there is no mention of either money or war; for example, not once does anyone in the whole epic sell or purchase something.5 No nation conquers another, and we do not encounter a mention even of the threat of violence.
  • Gilgamesh becomes a hero not only due to his strength, but also due to discoveries and deeds whose importance were in large part economic—direct gaining of construction materials in the case of felling the cedar forest, stopping Enkidu from devastating Uruk’s economy, and discovering new desert routes during his expeditions.
  • Even today we live in Gilgamesh’s vision that human relations—and therefore humanity itself—are a disturbance to work and efficiency; that people would perform better if they did not “waste” their time and energy on nonproductive things.
  • is a story of nature and civilization, of heroism, defiance, and the battle against the gods, and evil; an epic about wisdom, immortality, and also futility.
  • But labour is unlike any other commodity. The work environment is of no concern for steel; we do not care about steel’s well-being.16
  • But it is in friendship where—often by-the-way, as a side product, an externality—ideas and deeds are frequently performed or created that together can altogether change the face of society.19 Friendship can go against an ingrained system in places where an individual does not have the courage to do so himself or herself.
  • As Joseph Stiglitz says, One of the great “tricks” (some say “insights”) of neoclassical economics is to treat labour like any other factor of production. Output is written as a function of inputs—steel, machines, and labour. The mathematics treats labour like any other commodity, lulling one into thinking of labour like an ordinary commodity, such as steel or plastic.
  • Even the earliest cultures were aware of the value of cooperation on the working level—today we call this collegiality, fellowship, or, if you want to use a desecrated term, comradeship. These “lesser relationships” are useful and necessary for society and for companies because work can be done much faster and more effectively if people get along with each other on a human level
  • But true friendship, which becomes one of the central themes of the Epic of Gilgamesh, comes from completely different material than teamwork. Friendship, as C. S. Lewis accurately describes it, is completely uneconomical, unbiological, unnecessary for civilization, and an unneeded relationship
  • Here we have a beautiful example of the power of friendship, one that knows how to transform (or break down) a system and change a person. Enkidu, sent to Gilgamesh as a punishment from the gods, in the end becomes his faithful friend, and together they set out against the gods. Gilgamesh would never have gathered the courage to do something like that on his own—nor would Enkidu.
  • Due to their friendship, Gilgamesh and Enkidu then intend to stand up to the gods themselves and turn a holy tree into mere (construction) material they can handle almost freely, thereby making it a part of the city-construct, part of the building material of civilization, thus “enslaving” that which originally was part of wild nature. This is a beautiful proto-example of the shifting of the borders between the sacred and profane (secular)—and to a certain extent also an early illustration of the idea that nature is there to provide cities and people with raw material and production resources.
  • started with Babylonians—rural nature becomes just a supplier of raw materials, resources (and humans the source of human resources). Nature is not the garden in which humans were created and placed, which they should care for and which they should reside in, but becomes a mere reservoir for natural (re)sources.
  • Even today, we often consider the domain of humanity (human relations, love, friendship, beauty, art, etc.) to be unproductive;
  • Both heroes change—each from opposite poles—into humans. In this context, a psychological dimension to the story may be useful: “Enkidu (…) is Gilgamesh’s alter ego, the dark, animal side of his soul, the complement to his restless heart. When Gilgamesh found Enkidu, he changed from a hated tyrant into the protector of his city. (…)
  • To be human seems to be somewhere in between, or both of these two. We
  • this moment of rebirth from an animal to a human state, the world’s oldest preserved epic implicitly hints at something highly important. Here we see what early cultures considered the beginning of civilization. Here is depicted the difference between people and animals or, better, savages. Here the epic quietly describes birth, the awakening of a conscious, civilized human. We are witnesses to the emancipation of humanity from animals,
  • The entire history of culture is dominated by an effort to become as independent as possible from the whims of nature.39 The more developed a civilization is, the more an individual is protected from nature and natural influences and knows how to create around him a constant or controllable environment to his liking.
  • The price we pay for independence from the whims of nature is dependence on our societies and civilizations. The more sophisticated a given society is as a whole, the less its members are able to survive on their own as individuals, without society.
  • The epic captures one of the greatest leaps in the development of the division of labor. Uruk itself is one of the oldest cities of all, and in the epic it reflects a historic step forward in specialization—in the direction of a new social city arrangement. Because of the city wall, people in the city can devote themselves to things other than worrying about their own safety, and they can continue to specialize more deeply.
  • Human life in the city gains a new dimension and suddenly it seems more natural to take up issues going beyond the life span of an individual. “The city wall symbolizes as well as founds the permanence of the city as an institution which will remain forever and give its inhabitants the certainty of unlimited safety, allowing them to start investing with an outlook reaching far beyond the borders of individual life.
  • The wall around the city of Uruk is, among other things, a symbol of an internal distancing from nature, a symbol of revolts against submission to laws that do not come under the control of man and that man can at most discover and use to his benefit.
  • “The chief thing which the common-sense individual wants is not satisfactions for the wants he had, but more, and better wants.”47
  • If a consumer buys something, theoretically it should rid him of one of his needs—and the aggregate of things they need should be decreased by one item. In reality, though, the aggregate of “I want to have” expands together with the growing aggregate of “I have.”
  • can be said that Enkidu was therefore happy in his natural state, because all of his needs were satiated. On the other hand, with people, it appears that the more a person has, the more developed and richer, the greater the number of his needs (including the unsaturated ones).
  • the Old Testament, this relationship is perceived completely differently. Man (humanity) is created in nature, in a garden. Man was supposed to care for the Garden of Eden and live in harmony with nature and the animals. Soon after creation, man walks naked and is not ashamed, de facto the same as the animals. What is characteristic is that man dresses (the natural state of creation itself is not enough for him), and he (literally and figuratively) covers52 himself—in shame after the fall.53
  • Nature is where one goes to hunt, collect crops, or gather the harvest. It is perceived as the saturator of our needs and nothing more. One goes back to the city to sleep and be “human.” On the contrary, evil resides in nature. Humbaba lives in the cedar forest, which also happens to be the reason to completely eradicate it.
  • Symbolically, then, we can view the entire issue from the standpoint of the epic in the following way: Our nature is insufficient, bad, evil, and good (humane) occurs only after emancipation from nature (from naturalness), through culturing and education. Humanity is considered as being in civilization.
  • The city was frequently (at least in older Jewish writings) a symbol of sin, degeneration, and decadence—nonhumanity. The Hebrews were originally a nomadic nation, one that avoided cities. It is no accident that the first important city57 mentioned in the Bible is proud Babylon,58 which God later turns to dust.
  • is enough, for example, to read the Book of Revelation to see how the vision of paradise developed from the deep Old Testament period, when paradise was a garden. John describes his vision of heaven as a city—paradise is in New Jerusalem, a city where the dimensions of the walls(!) are described in detail, as are the golden streets and gates of pearl.
  • Hebrews later also chose a king (despite the unanimous opposition of God’s prophets) and settled in cities, where they eventually founded the Lord’s Tabernacle and built a temple for Him. The city of Jerusalem later gained an illustrious position in all of religion.
  • this time Christianity (as well as the influence of the Greeks) does not consider human naturalness to be an unambiguous good, and it does not have such an idyllic relationship to nature as the Old Testament prophets.
  • If a tendency toward good is not naturally endowed in people, it must be imputed from above through violence or at least the threat of violence.
  • If we were to look at human naturalness as a good, then collective social actions need a much weaker ruling hand. If people themselves have a natural tendency (propensity) toward good, this role does not have to be supplied by the state, ruler, or, if you wish, Leviathan.
  • How does this affect economics?
  • us return for the last time to the humanization of the wild Enkidu, which is a process we can perceive with a bit of imagination as the first seed of the principle of the market’s invisible hand, and therefore the parallels with one of the central schematics of economic thinking.
  • Sometimes it is better to “harness the devil to the plow” than to fight with him. Instead of summoning up enormous energy in the fight against evil, it is better to use its own energy to reach a goal we desire; setting up a mill on the turbulent river instead of futile efforts to remove the current. This is also how Saint Prokop approached it in one of the oldest Czech legends.
  • Enkidu caused damage and it was impossible to fight against him. But with the help of a trap, trick, this evil was transformed into something that greatly benefited civilization.
  • By culturing and “domesticating” Enkidu, humanity tamed the uncontrollable wild and chaotic evil
  • Enkidu devastated the doings (the external, outside-the-walls) of the city. But he was later harnessed and fights at the side of civilization against nature, naturalness, the natural state of things.
  • A similar motif appears a thousand years after the reversal, which is well known even to noneconomists as the central idea of economics: the invisible hand of the market.
  • A similar story (reforming something animally wild and uncultivated in civilizational achievement) is used by Thomas Aquinas in his teachings. Several centuries later, this idea is fully emancipated in the hands of Bernard Mandeville and his Fable of the Bees: or, Private Vices, Publick Benefits. The economic and political aspects of this idea are—often incorrectly—ascribed to Adam Smith.
  • Here the individual does not try anymore to maximize his goods or profits, but what is important is writing his name in human memory in the form of heroic acts or deeds.
  • immortality, one connected with letters and the cult of the word: A name and especially a written name survives the body.”77
  • After this disappointment, he comes to the edge of the sea, where the innkeeper Siduri lives. As tonic for his sorrow, she offers him the garden of bliss, a sort of hedonistic fortress of carpe diem, where a person comes to terms with his mortality and at least in the course of the end of his life maximizes earthly pleasures, or earthly utility.
  • In the second stage, after finding his friend Enkidu, Gilgamesh abandons the wall and sets out beyond the city to maximalize heroism. “In his (…) search of immortal life, Gilgamesh
  • The hero refuses hedonism in the sense of maximizing terrestrial pleasure and throws himself into things that will exceed his life. In the blink of an eye, the epic turns on its head the entire utility maximization role that mainstream economics has tirelessly tried to sew on people as a part of their nature.81
  • It is simpler to observe the main features of our civilization at a time when the picture was more readable—at a time when our civilization was just being born and was still “half-naked.” In other words, we have tried to dig down to the bedrock of our written civilization;
  • today remember Gilgamesh for his story of heroic friendship with Enkidu, not for his wall, which no longer reaches monumental heights.
  • the eleventh and final tablet, Gilgamesh again loses what he sought. Like Sisyphus, he misses his goal just before the climax
  • is there something from it that is valid today? Have we found in Gilgamesh certain archetypes that are in us to this day?
  • The very existence of questions similar to today’s economic ones can be considered as the first observation. The first written considerations of the people of that time were not so different from those today. In other words: The epic is understandable for us, and we can identify with it.
  • We have also been witnesses to the very beginnings of man’s culturing—a great drama based on a liberation and then a distancing from the natural state.
  • Let us take this as a memento in the direction of our restlessness, our inherited dissatisfaction and the volatility connected to it. Considering that they have lasted five thousand years and to this day we find ourselves in harmony with a certain feeling of futility, perhaps these characteristics are inherent in man.
  • Gilgamesh had a wall built that divided the city from wild nature and created a space for the first human culture. Nevertheless, “not even far-reaching works of civilization could satisfy human desire.”
  • Friendship shows us new, unsuspected adventures, gives us the opportunity to leave the wall and to become neither its builder nor its part—to not be another brick in the wall.
  • with the phenomenon of the creation of the city, we have seen how specialization and the accumulation of wealth was born, how holy nature was transformed into a secular supplier of resources, and also how humans’ individualistic ego was emancipated.
  • to change the system, to break down that which is standing and go on an expedition against the gods (to awaken, from naïveté to awakening) requires friendship.
  • For small acts (hunting together, work in a factory), small love is enough: Camaraderie. For great acts, however, great love is necessary, real love: Friendship. Friendship that eludes the economic understanding of quid pro quo. Friendship gives. One friend gives (fully) for the other. That is friendship for life and death,
  • The thought that humanity comes at the expense of efficiency is just as old as humanity itself—as we have shown, subjects without emotion are the ideal of many tyrants.
  • The epic later crashes this idea through the friendship of Gilgamesh and Enkidu. Friendship—the biologically least essential love, which at first sight appears to be unnecessary
  • less a civilized, city person is dependent on nature, the more he or she is dependent on the rest of society. Like Enkidu, we have exchanged nature for society; harmony with (incalculable) nature for harmony with (incalculable) man.
  • human nature good or evil? To this day these questions are key for economic policy: If we believe that man is evil in his nature, therefore that a person himself is dog eat dog (animal), then the hard hand of a ruler is called for. If we believe that people in and of themselves, in their nature, gravitate toward good, then it is possible to loosen up the reins and live in a society that is more laissez-faire.
  • For a concept of historical progress, for the undeification of heroes, rulers, and nature, mankind had to wait for the Hebrews.
  • Because nature is not undeified, it is beyond consideration to explore it, let alone intervene in it (unless a person was a two-thirds god like Gilgamesh). It
  • They practiced money lending, traded in many assets (…) and especially were engaged in the trading of shares on capital markets, worked in currency exchange and frequently figured as mediators in financial transactions (…), they functioned as bankers and participated in emissions of all possible forms.
  • As regards modern capitalism (as opposed to the ancient and medieval periods) … there are activities in it which are, in certain forms, inherently (and completely necessarily) present—both from an economic and legal standpoint.7
  • As early as the “dark” ages, the Jews commonly used economic tools that were in many ways ahead of their time and that later became key elements of the modern economy:
  • Gilgamesh’s story ends where it began. There is a consistency in this with Greek myths and fables: At the end of the story, no progress occurs, no essential historic change; the story is set in indefinite time, something of a temporal limbo.
  • Jews believe in historical progress, and that progress is in this world.
  • For a nation originally based on nomadism, where did this Jewish business ethos come from? And can the Hebrews truly be considered as the architects of the values that set the direction of our civilization’s economic thought?
  • Hebrew religiosity is therefore strongly connected with this world, not with any abstract world, and those who take pleasure in worldly possessions are not a priori doing anything wrong.
  • PROGRESS: A SECULARIZED RELIGION One of the things the writers of the Old Testament gave to mankind is the idea and notion of progress. The Old Testament stories have their development; they change the history of the Jewish nation and tie in to each other. The Jewish understanding of time is linear—it has a beginning and an end.
  • The observance of God’s Commandments in Judaism leads not to some ethereal other world, but to an abundance of material goods (Genesis 49:25–26, Leviticus 26:3–13, Deuteronomy 28:1–13) (…) There are no accusing fingers pointed at
  • There are no echoes of asceticism nor for the cleansing and spiritual effect of poverty. It is fitting therefore, that the founders of Judaism, the Patriarchs Abraham, Isaac and Jacob, were all wealthy men.12
  • about due to a linear understanding of history. If history has a beginning as well as an end, and they are not the same point, then exploration suddenly makes sense in areas where the fruits are borne only in the next generation.
  • What’s more, economic progress has almost become an assumption of modern functional societies. We expect growth. We take it automatically. Today, if nothing “new” happens, if GDP does not grow (we say it stagnates) for several quarters, we consider it an anomaly.
  • however, the idea of progress itself underwent major changes, and today we perceive it very differently. As opposed to the original spiritual conceptions, today we perceive progress almost exclusively in an economic or scientific-technological sense.
  • Because care for the soul has today been replaced by care for external things,
  • This is why we must constantly grow, because we (deep down and often implicitly) believe that we are headed toward an (economic) paradise on Earth.
  • Only since the period of scientific-technological revolution (and at a time when economics was born as an independent field) is material progress automatically assumed.
  • Jewish thought is the most grounded, most realistic school of thought of all those that have influenced our culture.17 An abstract world of ideas was unknown to the Jews. To this day it is still forbidden to even depict God, people, and animals in symbols, paintings, statues, and drawings.
  • economists have become key figures of great importance in our time (Kacířské eseje o filosofii dějin [Heretical Essays in the Philosophy of History]). They are expected to perform interpretations of reality, give prophetic services (macroeconomic forecasts), reshape reality (mitigate the impacts of the crisis, speed up growth), and, in the long run, provide leadership on the way to the Promised Land—paradise on Earth.
  • REALISM AND ANTIASCETICISM Aside from ideas of progress, the Hebrews brought another very fundamental contribution to our culture: The desacralization of heroes, nature, and rulers.
  • Voltaire writes: “It certain fact is, that in his public laws he [Moses] never so much as once made mention of a life to come, limiting all punishments and all rewards to the present life.”21
  • As opposed to Christianity, the concept of an extraterrestrial paradise or heaven was not developed much in Hebrew thought.19 The paradise of the Israelites—Eden—was originally placed on Earth at a given place in Mesopotamia20 and at a given time,
  • The Hebrews consider the world to be real—not just a shadow reflection of a better world somewhere in the cloud of ideas, something the usual interpretation of history ascribes to Plato. The soul does not struggle against the body and is not its prisoner, as Augustine would write later.
  • The land, the world, the body, and material reality are for Jews the paramount setting for divine history, the pinnacle of creation. This idea is the conditio sine qua non of the development of economics, something of an utterly earthly making,
  • The mythology of the hero-king was strongly developed in that period, which Claire Lalouette summarizes into these basic characteristics: Beauty (a perfect face, on which it is “pleasant to look upon,” but also “beauty,” expressed in the Egyptian word nefer, not only means aesthetics, but contains moral qualities as well),
  • THE HERO AND HIS UNDEIFICATION: THE DREAM NEVER SLEEPS The concept of the hero is more important than it might appear. It may be the remote origin of Keynes’s animal spirits, or the desire to follow a kind of internal archetype that a given individual accepts as his own and that society values.
  • This internal animator of ours, our internal mover, this dream, never sleeps and it influences our behavior—including economic behavior—more than we want to realize.
  • manliness and strength,28 knowledge and intelligence,29 wisdom and understanding, vigilance and performance, fame and renown (fame which overcomes enemies because “a thousand men would not be able to stand firmly in his presence”);30 the hero is a good shepherd (who takes care of his subordinates), is a copper-clad rampart, the shield of the land, and the defender of heroes.
  • Each of us probably has a sort of “hero within”—a kind of internal role-model, template, an example that we (knowingly or not) follow. It is very important what kind of archetype it is, because its role is dominantly irrational and changes depending on time and the given civilization.
  • The oldest was the so-called Trickster—a fraudster; then the culture bearer—Rabbit; the musclebound hero called Redhorn; and finally the most developed form of hero: the Twins.
  • the Egyptian ruler, just as the Sumerian, was partly a god, or the son of a god.31
  • Jacob defrauds his father Isaac and steals his brother Esau’s blessing of the firstborn. Moses murders an Egyptian. King David seduces the wife of his military commander and then has him killed. In his old age, King Solomon turns to pagan idols, and so on.
  • Anthropology knows several archetypes of heroes. The Polish-born American anthropologist Paul Radin examined the myths of North American Indians and, for example, in his most influential book, The Trickster, he describes their four basic archetypes of heroes.
  • The Torah’s heroes (if that term can be used at all) frequently make mistakes and their mistakes are carefully recorded in the Bible—maybe precisely so that none of them could be deified.32
  • We do not have to go far for examples. Noah gets so drunk he becomes a disgrace; Lot lets his own daughters seduce him in a similar state of drunkenness. Abraham lies and (repeatedly) tries to sell his wife as a concubine.
  • the Hebrew heroes correspond most to the Tricksters, the Culture Bearers, and the Twins. The divine muscleman, that dominant symbol we think of when we say hero, is absent here.
  • To a certain extent it can be said that the Hebrews—and later Christianity—added another archetype, the archetype of the heroic Sufferer.35 Job
  • Undeification, however, does not mean a call to pillage or desecration; man was put here to take care of nature (see the story of the Garden of Eden or the symbolism of the naming of the animals). This protection and care of nature is also related to the idea of progress
  • For the heroes who moved our civilization to where it is today, the heroic archetypes of the cunning trickster, culture bearer, and sufferer are rather more appropriate.
  • the Old Testament strongly emphasizes the undeification of nature.37 Nature is God’s creation, which speaks of divinity but is not the domain of moody gods
  • This is very important for democratic capitalism, because the Jewish heroic archetype lays the groundwork much better for the development of the later phenomenon of the hero, which better suits life as we know it today. “The heroes laid down their arms and set about trading to become wealthy.”
  • in an Old Testament context, the pharaoh was a mere man (whom one could disagree with, and who could be resisted!).
  • RULERS ARE MERE MEN In a similar historical context, the Old Testament teachings carried out a similar desacralization of rulers, the so-called bearers of economic policy.
  • Ultimately the entire idea of a political ruler stood against the Lord’s will, which is explicitly presented in the Torah. The Lord unequivocally preferred the judge as the highest form of rule—an
  • The needs of future generations will have to be considered; after all humankind are the guardians of God’s world. Waste of natural resources, whether privately owned or nationally owned is forbidden.”39
  • Politics lost its character of divine infallibility, and political issues were subject to questioning. Economic policy could become a subject of examination.
  • 44 God first creates with the word and then on individual days He divides light from darkness, water from dry land, day from night, and so forth—and He gives order to things.45 The world is created orderly— it is wisely, reasonably put together. The way of the world is put together at least partially46 decipherably by any other wise and reasonable being who honors rational rules.
  • which for the methodology of science and economics is very important because disorder and chaos are difficult to examine scientifically.43 Faith in some kind of rational and logical order in a system (society, the economy) is a silent assumption of any (economic) examination.
  • THE PRAISE OF ORDER AND WISDOM: MAN AS A PERFECTER OF CREATION The created world has an order of sorts, an order recognizable by us as people,
  • From the very beginning, when God distances Himself from the entire idea, there is an anticipation that there is nothing holy, let alone divine, in politics. Rulers make mistakes, and it is possible to subject them to tough criticism—which frequently occurs indiscriminately through the prophets in the Old Testament.
  • Hebrew culture laid the foundations for the scientific examination of the world.
  • Examining the world is therefore an absolutely legitimate activity, and one that is even requested by God—it is a kind of participation in the Creator’s work.51 Man is called on to understand himself and his surroundings and to use his knowledge for good.
  • I was there when he set heavens in place, when he marked out the horizon on the face of the deep (…) Then I was the craftsman at his side.47
  • There are more urgings to gain wisdom in the Old Testament. “Wisdom calls aloud in the street (…): ‘How long will you simple ones love your simple ways?’”49 Or several chapters later: “Wisdom is supreme; therefore get wisdom. Though it cost all you have, get understanding.”50
  • examination is not forbidden. The fact that order can be grasped by human reason is another unspoken assumption that serves as a cornerstone of any scientific examination.
  • then, my sons, listen to me; blessed are those who keep my ways (…) Blessed is the man who listens to me, watching daily at my doors, waiting at my doorway. For whoever finds me finds life and receives favor from the Lord.
  • the rational examination of nature has its roots, surprisingly, in religion.
  • The Lord brought me forth as the first of his works, before his deeds of old. I was appointed from eternity, from the beginning, before the world began. When there were no oceans, I was given birth, when there were no springs abounding with water, before the mountains were settled in place,
  • The Book of Proverbs emphasizes specifically several times that it was wisdom that was present at the creation of the world. Wisdom personified calls out:
  • The last act, final stroke of the brush of creation, naming of the animals—this act is given to a human, it is not done by God, as one would expect. Man was given the task of completing the act of creation that the Lord began:
  • MAN AS A FINISHER OF CREATION The creation of the world, as it is explained in Jewish teachings, is described in the Book of Genesis. Here God (i) creates, (ii) separates, and (iii) names [my emphasis]:
  • Naming is a symbolic expression. In Jewish culture (and also in our culture to this day), the right to name meant sovereign rights and belonged, for example, to explorers (new places), inventors (new principles), or parents (children)—that is, to those who were there at the genesis, at the origin. This right was handed over by God to mankind.
  • The Naming itself (the capital N is appropriate) traditionally belongs to the crowning act of the Creator and represents a kind of grand finale of creation, the last move of the brush to complete the picture—a signature of the master.
  • Without naming, reality does not exist; it is created together with language. Wittgenstein tightly names this in his tractatus—the limits of our language are the limits of our world.53
  • He invented (fictitiously and completely abstractly!) a framework that was generally accepted and soon “made into” reality. Marx invented similarly; he created the notion of class exploitation. Through his idea, the perception of history and reality was changed for a large part of the world for nearly an entire century.
  • Reality is not a given; it is not passive. Perceiving reality and “facts” requires man’s active participation. It is man who must take the last step, an act (and we
  • How does this relate to economics? Reality itself, our “objective” world, is cocreated, man himself participates in the creation; creation, which is somewhat constantly being re-created.
  • Our scientific models put the finishing touches on reality, because (1) they interpret, (2) they give phenomena a name, (3) they enable us to classify the world and phenomena according to logical forms, and (4) through these models we de facto perceive reality.
  • When man finds a new linguistic framework or analytical model, or stops using the old one, he molds or remolds reality. Models are only in our heads; they are not “in objective reality.” In this sense, Newton invented (not merely discovered!) gravity.
  • A real-ization act on our part represents the creation of a construct, the imputation of sense and order (which is beautifully expressed by the biblical act of naming, or categorization, sorting, ordering).
  • Keynes enters into the history of economic thought from the same intellectual cadence; his greatest contribution to economics was precisely the resurrection of the imperceptible—for example in the form of animal spirits or uncertainty. The economist Piero Mini even ascribes Keynes’s doubting and rebellious approach to his almost Talmudic education.63
  • God connects man with the task of guarding and protecting the Garden of Eden, and thus man actually cocreates the cultural landscape. The Czech philosopher Zdeněk Neubauer also describes this: “Such is reality, and it is so deep that it willingly crystallizes into worlds. Therefore I profess that reality is a creation and not a place of occurrence for objectively given phenomena.”61
  • in this viewpoint it is possible to see how Jewish thought is mystical—it admits the role of the incomprehensible. Therefore, through its groundedness, Jewish thought indulges mystery and defends itself against a mechanistic-causal explanation of the world: “The Jewish way of thinking, according to Veblen, emphasizes the spiritual, the miraculous, the intangible.
  • The Jews believed the exact opposite. The world is created by a good God, and evil appears in it as a result of immoral human acts. Evil, therefore, is induced by man.66 History unwinds according to the morality of human acts.
  • What’s more, history seems to be based on morals; morals seem to be the key determining factors of history. For the Hebrews, history proceeds according to how morally its actors behave.
  • The Sumerians believed in dualism—good and evil deities exist, and the earth of people becomes their passive battlefield.
  • GOOD AND EVIL IN US: A MORAL EXPLANATION OF WELL-BEING We have seen that in the Epic of Gilgamesh, good and evil are not yet addressed systematically on a moral level.
  • This was not about moral-human evil, but rather a kind of natural evil. It is as if good and evil were not touched by morality at all. Evil simply occurred. Period.
  • the epic, good and evil are not envisaged morally—they are not the result of an (a)moral act. Evil was not associated with free moral action or individual will.
  • Hebrew thought, on the other hand, deals intensively with moral good and evil. A moral dimension touches the core of its stories.65
  • discrepancy between savings and investment, and others are convinced of the monetary essence
  • The entire history of the Jewish nation is interpreted and perceived in terms of morality. Morality has become, so to speak, a mover and shaker of Hebrew history.
  • sunspots. The Hebrews came up with the idea that morals were behind good and bad years, behind the economic cycle. But we would be getting ahead of ourselves. Pharaoh’s Dream: Joseph and the First Business Cycle To
  • It is the Pharaoh’s well-known dream of seven fat and seven lean cows, which he told to Joseph, the son of Jacob. Joseph interpreted the dream as a macroeconomic prediction of sorts: Seven years of abundance were to be followed by seven years of poverty, famine, and misery.
  • Self-Contradicting Prophecy Here, let’s make several observations on this: Through taxation74 on the level of one-fifth of a crop75 in good years to save the crop and then open granaries in bad years, the prophecy was de facto prevented (prosperous years were limited and hunger averted—through a predecessor of fiscal stabilization).
  • The Old Testament prophesies therefore were not any deterministic look into the future, but warnings and strategic variations of the possible, which demanded some kind of reaction. If the reaction was adequate, what was prophesied would frequently not occur at all.
  • This principle stands directly against the self-fulfilling prophecy,80 the well-known concept of social science. Certain prophecies become self-fulfilling when expressed (and believed) while others become self-contradicting prophecies when pronounced (and believed).
  • If the threat is anticipated, it is possible to totally or at least partially avoid it. Neither Joseph nor the pharaoh had the power to avoid bounty or crop failure (in this the dream interpretation was true and the appearance of the future mystical), but they avoided the impacts and implications of the prophecy (in this the interpretation of the dream was “false”)—famine did not ultimately occur in Egypt, and this was due to the application of reasonable and very intuitive economic policy.
  • Let us further note that the first “macroeconomic forecast” appears in a dream.
  • back to Torah: Later in this story we will notice that there is no reason offered as to why the cycle occurs (that will come later). Fat years will simply come, and then lean years after them.
  • Moral Explanation of a Business Cycle That is fundamentally different from later Hebrew interpretations, when the Jewish nation tries to offer reasons why the nation fared well or poorly. And those reasons are moral.
  • If you pay attention to these laws and are careful to follow them, then the Lord your God will keep his covenant of love with you, as he swore to your forefathers. He will love you and bless you and increase your numbers.
  • Only in recent times have some currents of economics again become aware of the importance of morals and trust in the form of measuring the quality of institutions, the level of justice, business ethics, corruption, and so forth, and examining their influence on the economy,
  • From today’s perspective, we can state that the moral dimension entirely disappeared from economic thought for a long time, especially due to the implementation of Mandeville’s concept of private vices that contrarily support the public welfare
  • Without being timid, we can say this is the first documented attempt to explain the economic cycle. The economic cycle, the explanation of which is to this day a mystery to economists, is explained morally in the Old Testament.
  • But how do we consolidate these two conflicting interpretations of the economic cycle: Can ethics be responsible for it or not? Can we influence reality around us through our acts?
  • it is not within the scope of this book to answer that question; justice has been done to the question if it manages to sketch out the main contours of possible searches for answers.
  • THE ECONOMICS OF GOOD AND EVIL: DOES GOOD PAY OFF? This is probably the most difficult moral problem we could ask.
  • Kant, the most important modern thinker in the area of ethics, answers on the contrary that if we carry out a “moral” act on the basis of economic calculus (therefore we carry out an hedonistic consideration; see below) in the expectation of later recompense, its morality is lost. Recompense, according to the strict Kant, annuls ethics.
  • Inquiring about the economics of good and evil, however, is not that easy. Where would Kant’s “moral dimension of ethics” go if ethics paid? If we do good for profit, the question of ethics becomes a mere question of rationality.
  • Job’s friends try to show that he must have sinned in some way and, in doing so, deserved God’s punishment. They are absolutely unable to imagine a situation in which Job, as a righteous man, would suffer without (moral) cause. Nevertheless, Job insists that he deserves no punishment because he has committed no offense: “God has wronged me and drawn his net around me.”94
  • But Job remains righteous, even though it does not pay to do so: Though he slay me, yet will I hope in him.95 And till I die, I will not deny my integrity I will maintain my righteousness and never let go of it; my conscience will not reproach me as long as I live.96
  • He remains righteous, even if his only reward is death. What economic advantage could he have from that?
  • morals cannot be considered in the economic dimension of productivity and calculus. The role of the Hebrews was to do good, whether it paid off or not. If good (outgoing) is rewarded by incoming goodness, it is a bonus,99 not a reason to do outgoing good. Good and reward do not correlate to each other.
  • This reasoning takes on a dimension of its own in the Old Testament. Good (incoming) has already happened to us. We must do good (outgoing) out of gratitude for the good (incoming) shown to us in the past.
  • So why do good? After all, suffering is the fate of many biblical figures. The answer can only be: For good itself. Good has the power to be its own reward. In this sense, goodness gets its reward, which may or may not take on a material dimension.
  • the Hebrews offered an interesting compromise between the teachings of the Stoics and Epicureans. We will go into it in detail later, so only briefly
  • constraint. It calls for bounded optimalization (with limits). A kind of symbiosis existed between the legitimate search for one’s own utility (or enjoyment of life) and maintaining rules, which are not negotiable and which are not subject to optimalization.
  • In other words, clear (exogenously given) rules exist that must be observed and cannot be contravened. But within these borders it is absolutely possible, and even recommended, to increase utility.
  • the mining of enjoyment must not come at the expense of exogenously given rules. “Judaism comes therefore to train or educate the unbounded desire … for wealth, so that market activities and patterns of consumption operate within a God-given morality.”102
  • The Epicureans acted with the goal of maximizing utility without regard for rules (rules developed endogenously, from within the system, computed from that which increased utility—this was one of the main trumps of the Epicurean school; they did not need exogenously given norms, and argued that they could “calculate” ethics (what to do) for every given situation from the situation itself).
  • The Stoics could not seek their enjoyment—or, by another name, utility. They could not in any way look back on it, and in no way could they count on it. They could only live according to rules (the greatest weakness of this school was to defend where exogenously the given rules came from and whether they are universal) and take a indifferent stand to the results of their actions.
  • To Love the Law The Jews not only had to observe the law (perhaps the word covenant would be more appropriate), but they were to love it because it was good.
  • Their relationship to the law was not supposed to be one of duty,105 but one of gratitude, love. Hebrews were to do good (outgoing), because goodness (incoming) has already been done to them.
  • This is in stark contrast with today’s legal system, where, naturally, no mention of love or gratefulness exists. But God expects a full internalization of the commandments and their fulfillment with love, not as much duty. By no means was this on the basis of the cost-benefit analyses so widespread in economics today, which determines when it pays to break the law and when not to (calculated on the basis of probability of being caught and the amount of punishment vis-à-vis the possible gain).
  • And now, O Israel, what does the Lord your God ask of you but to fear the Lord your God, to walk in all his ways, to love him, to serve the Lord your God with all your heart and with all your soul, and to observe the Lord’s commands and decrees that I am giving you today for your own good? To the Lord your God belong the heavens, even the highest heavens, the earth and everything in it. Yet the Lord set his affection on your forefathers and loved them….
  • the principle of doing good (outgoing) on the basis of a priori demonstrated good (incoming) was also taken over by the New Testament. Atonement itself is based on an a priori principle; all our acts are preceded by good.
  • The Hebrews, originally a nomadic tribe, preferred to be unrestrained and grew up in constant freedom of motion.
  • Human laws, if they are in conflict with the responsibilities given by God, are subordinate to personal responsibility, and a Jew cannot simply join the majority, even if it is legally allowed. Ethics, the concept of good, is therefore always superior to all local laws, rules, and customs:
  • THE SHACKLES OF THE CITY Owing to the Hebrew’s liberation from Egyptian slavery, freedom and responsibility become the key values of Jewish thought.
  • Laws given by God are binding for Jews, and God is the absolute source of all values,
  • The Hebrew ideal is represented by the paradise of the Garden of Eden, not a city.116 The despised city civilization or the tendency to see in it a sinful and shackling way of life appears in glimpses and allusions in many places in the Old Testament.
  • The nomadic Jewish ethos is frequently derived from Abraham, who left the Chaldean city of Ur on the basis of a command:
  • In addition, they were aware of a thin two-way line between owner and owned. We own material assets, but—to a certain extent—they own us and tie us down. Once we become used to a certain material
  • This way of life had understandably immense economic impacts. First, such a society lived in much more connected relationships, where there was no doubt that everyone mutually depended on each other. Second, their frequent wanderings meant the inability to own more than they could carry; the gathering up of material assets did not have great weight—precisely because the physical weight (mass) of things was tied to one place.
  • One of Moses’s greatest deeds was that he managed to explain to his nation once and for all that it is better to remain hungry and liberated than to be a slave with food “at no cost.”
  • SOCIAL WELFARE: NOT TO ACT IN THE MANNER OF SODOM
  • regulations is developed in the Old Testament, one we hardly find in any other nation of the time. In Hebrew teachings, aside from individual utility, indications of the concept of maximalizing utility societywide appear for the first time as embodied in the Talmudic principle of Kofin al midat S´dom, which can be translated as “one is compelled not to act in the manner of Sodom” and to take care of the weaker members of society.
  • In a jubilee year, debts were to be forgiven,125 and Israelites who fell into slavery due to their indebtedness were to be set free.126
  • Such provisions can be seen as the antimonopoly and social measures of the time. The economic system even then had a clear tendency to converge toward asset concentration, and therefore power as well. It would appear that these provisions were supposed to prevent this process
  • Land at the time could be “sold,” and it was not sale, but rent. The price (rent) of real estate depended on how long there was until a forgiveness year. It was about the awareness that we may work the land, but in the last instance we are merely “aliens and strangers,” who have the land only rented to us for a fixed time. All land and riches came from the Lord.
  • These provisions express a conviction that freedom and inheritance should not be permanently taken away from any Israelite. Last but not least, this system reminds us that no ownership lasts forever and that the fields we plow are not ours but the Lord’s.
  • Glean Another social provision was the right to glean, which in Old Testament times ensured at least basic sustenance for the poorest. Anyone who owned a field had the responsibility not to harvest it to the last grain but to leave the remains in the field for the poor.
  • Tithes and Early Social Net Every Israelite also had the responsibility of levying a tithe from their entire crop. They had to be aware from whom all ownership comes and, by doing so, express their thanks.
  • “Since the community has an obligation to provide food, shelter, and basic economic goods for the needy, it has a moral right and duty to tax its members for this purpose. In line with this duty, it may have to regulate markets, prices and competition, to protect the interests of its weakest members.”135
  • In Judaism, charity is not perceived as a sign of goodness; it is more of a responsibility. Such a society then has the right to regulate its economy in such a way that the responsibility of charity is carried out to its satisfaction.
  • With a number of responsibilities, however, comes the difficulty of getting them into practice. Their fulfillment, then, in cases when it can be done, takes place gradually “in layers.” Charitable activities are classified in the Talmud according to several target groups with various priorities, classified according to, it could be said, rules of subsidiarity.
  • Do not mistreat an alien or oppress him, for you were aliens in Egypt.140 As one can see, aside from widows and orphans, the Old Testament also includes immigrants in its area of social protection.141 The Israelites had to have the same rules apply for them as for themselves—they could not discriminate on the basis of their origin.
  • ABSTRACT MONEY, FORBIDDEN INTEREST, AND OUR DEBT AGE If it appears to us that today’s era is based on money and debt, and our time will be written into history as the “Debt age,” then it will certainly be interesting to follow how this development occurred.
  • Money is a social abstractum. It is a social agreement, an unwritten contract.
  • The first money came in the form of clay tablets from Mesopotamia, on which debts were written. These debts were transferable, so the debts became currency. In the end, “It is no coincidence that in English the root of ‘credit’ is ‘credo,’ the Latin for ‘I believe.’”
  • To a certain extent it could be said that credit, or trust, was the first currency. It can materialize, it can be embodied in coins, but what is certain is that “money is not metal,” even the rarest metal, “it is trust inscribed,”
  • Inseparably, with the original credit (money) goes interest. For the Hebrews, the problem of interest was a social issue: “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest.”
  • there were also clearly set rules setting how far one could go in setting guarantees and the nonpayment of debts. No one should become indebted to the extent that they could lose the source of their livelihood:
  • In the end, the term “bank” comes from the Italian banci, or the benches that Jewish lenders sat on.157
  • Money is playing not only its classical roles (as a means of exchange, a holder of value, etc.) but also a much greater, stronger role: It can stimulate, drive (or slow down) the whole economy. Money plays a national economic role.
  • In the course of history, however, the role of loans changed, and the rich borrowed especially for investment purposes,
  • Today the position and significance of money and debt has gone so far and reached such a dominant position in society that operating with debts (fiscal policy) or interest or money supply (monetary policy) means that these can, to a certain extent, direct (or at least strongly influence) the whole economy and society.
  • In such a case a ban on interest did not have great ethical significance. Thomas Aquinas, a medieval scholar (1225-1274), also considers similarly; in his time, the strict ban on lending with usurious interest was loosened, possibly due to him.
  • As a form of energy, money can travel in three dimensions, vertically (those who have capital lend to those who do not) and horizontally (speed and freedom in horizontal or geographic motion has become the by-product—or driving force?—of globalization). But money (as opposed to people) can also travel through time.
  • money is something like energy that can travel through time. And it is a very useful energy, but at the same time very dangerous as well. Wherever
  • Aristotle condemned interest162 not only from a moral standpoint, but also for metaphysical reasons. Thomas Aquinas shared the same fear of interest and he too argued that time does not belong to us, and that is why we must not require interest.
  • MONEY AS ENERGY: TIME TRAVEL AND GROSS DEBT PRODUCT (GDP)
  • Due to this characteristic, we can energy-strip the future to the benefit of the present. Debt can transfer energy from the future to the present.163 On the other hand, saving can accumulate energy from the past and send it to the present.
  • labor was not considered degrading in the Old Testament. On the contrary, the subjugation of nature is even a mission from God that originally belonged to man’s very first blessings.
  • LABOR AND REST: THE SABBATH ECONOMY
  • The Jews as well as Aristotle behaved very guardedly toward loans. The issue of interest/usury became one of the first economic debates. Without having an inkling of the future role of economic policy (fiscal and monetary), the ancient Hebrews may have unwittingly felt that they were discovering in interest a very powerful weapon, one that can be a good servant, but (literally) an enslaving master as well.
  • It’s something like a dam. When we build one, we are preventing periods of drought and flooding in the valley; we are limiting nature’s whims and, to a large extent, avoiding its incalculable cycles. Using dams, we can regulate the flow of water to nearly a constant. With it we tame the river (and we can also gain
  • But if we do not regulate the water wisely, it may happen that we would overfill the dam and it would break. For the cities lying in the valley, their end would be worse than if a dam were never there.
  • If man lived in harmony with nature before, now, after the fall, he must fight; nature stands against him and he against it and the animals. From the Garden we have moved unto a (battle)field.
  • Only after man’s fall does labor turn into a curse.168 It could even be said that this is actually the only curse, the curse of the unpleasantness of labor, that the Lord places on Adam.
  • Both Plato and Aristotle consider labor to be necessary for survival, but that only the lower classes should devote themselves to it so that the elites would not have to be bothered with it and so that they could devote themselves to “purely spiritual matters—art, philosophy, and politics.”
  • Work is also not only a source of pleasure but a social standing; It is considered an honor. “Do you see a man skilled in his work? He will serve before kings.”170 None of the surrounding cultures appreciate work as much. The idea of the dignity of labor is unique in the Hebrew tradition.
  • Hebrew thinking is characterized by a strict separation of the sacred from the profane. In life, there are simply areas that are holy, and in which it is not allowed to economize, rationalize, or maximize efficiency.
  • good example is the commandment on the Sabbath. No one at all could work on this day, not even the ones who were subordinate to an observant Jew:
  • the message of the commandment on Saturday communicated that people were not primarily created for labor.
  • Paradoxically, it is precisely this commandment out of all ten that is probably the most violated today.
  • Aristotle even considers labor to be “a corrupted waste of time which only burdens people’s path to true honour.”
  • we have days when we must not toil connected (at least lexically) with the word meaning emptiness: the English term “vacation” (or emptying), as with the French term, les vacances, or German die Freizeit, meaning open time, free time, but also…
  • Translated into economic language: The meaning of utility is not to increase it permanently but to rest among existing gains. Why do we learn how to constantly increase gains but not how to…
  • This dimension has disappeared from today’s economics. Economic effort has no goal at which it would be possible to rest. Today we only know growth for growth’s sake, and if our company or country prospers, that does not…
  • Six-sevenths of time either be dissatisfied and reshape the world into your own image, man, but one-seventh you will rest and not change the creation. On the seventh day, enjoy creation and enjoy the work of your hands.
  • the purpose of creation was not just creating but that it had an end, a goal. The process was just a process, not a purpose. The whole of Being was created so…
  • Saturday was not established to increase efficiency. It was a real ontological break that followed the example of the Lord’s seventh day of creation. Just as the Lord did not rest due to tiredness or to regenerate strength; but because He was done. He was done with His work, so that He could enjoy it, to cherish in His creation.
  • If we believe in rest at all today, it is for different reasons. It is the rest of the exhausted machine, the rest of the weak, and the rest of those who can’t handle the tempo. It’s no wonder that the word “rest…
  • Related to this, we have studied the first mention of a business cycle with the pharaoh’s dream as well as seen a first attempt (that we may call…
  • We have tried to show that the quest for a heaven on Earth (similar to the Jewish one) has, in its desacralized form, actually also been the same quest for many of the…
  • We have also seen that the Hebrews tried to explain the business cycle with morality and ethics. For the Hebrews,…
  • ancient Greek economic ethos, we will examine two extreme approaches to laws and rules. While the Stoics considered laws to be absolutely valid, and utility had infinitesimal meaning in their philosophy, the Epicureans, at least in the usual historical explanation, placed utility and pleasure in first place—rules were to be made based on the principle of utility.
  • CONCLUSION: BETWEEN UTILITY AND PRINCIPLE The influence of Jewish thought on the development of market democracy cannot be overestimated. The key heritage for us was the lack of ascetic perception of the world, respect to law and private…
  • We have tried to show how the Torah desacralized three important areas in our lives: the earthly ruler, nature,…
  • What is the relationship between the good and evil that we do (outgoing) and the utility of disutility that we (expect to) get as a reward (incoming)? We have seen…
  • The Hebrews never despised material wealth; on contrary, the Jewish faith puts great responsibility on property management. Also the idea of progress and the linear perception of time gives our (economic)…
  • the Hebrews managed to find something of a happy compromise between both of these principles.
  • will not be able to completely understand the development of the modern notion of economics without understanding the disputes between the Epicureans and the Stoics;
  • poets actually went even further, and with their speech they shaped and established reality and truth. Honor, adventure, great deeds, and the acclaim connected with them played an important role in the establishment of the true, the real.
  • those who are famous will be remembered by people. They become more real, part of the story, and they start to be “realized,” “made real” in the lives of other people. That which is stored in memory is real; that which is forgotten is as if it never existed.
  • Today’s scientific truth is founded on the notion of exact and objective facts, but poetic truth stands on an interior (emotional) consonance with the story or poem. “It is not addressed first to the brain … [myth] talks directly to the feeling system.”
  • “epic and tragic poets were widely assumed to be the central ethical thinkers and teachers of Greece; nobody thought of their work as less serious, less aimed at truth, than the speculative prose treatises of historians and philosophers.”5 Truth and reality were hidden in speech, stories, and narration.
  • Ancient philosophy, just as science would later, tries to find constancy, constants, quantities, inalterabilities. Science seeks (creates?) order and neglects everything else as much as it can. In their own experiences, everyone knows that life is not like that,
  • Just as scientists do today, artists drew images of the world that were representative, and therefore symbolic, picturelike, and simplifying (but thus also misleading), just like scientific models, which often do not strive to be “realistic.”
  • general? In the end, poetry could be more sensitive to the truth than the philosophical method or, later, the scientific method. “Tragic poems, in virtue of their subject matter and their social function, are likely to confront and explore problems about human beings and luck that a philosophical text might be able to omit or avoid.”8
Javier E

Why the Economy Doesn't Roar Anymore - WSJ - 1 views

www.wsj.com/...doesnt-roar-anymore-1476458742

economic Policy history theory productivity golden age

shared by Javier E on 16 Oct 16 - No Cached
  • The U.S. presidential candidates have made the usual pile of promises, none more predictable than their pledge to make the U.S. economy grow faster. With the economy struggling to expand at 2% a year, they would have us believe that 3%, 4% or even 5% growth is within reach.
  • But of all the promises uttered by Donald Trump and Hillary Clinton over the course of this disheartening campaign, none will be tougher to keep. Whoever sits in the Oval Office next year will swiftly find that faster productivity growth—the key to faster economic growth—isn’t something a president can decree.
  • It might be wiser to accept the truth: The U.S. economy isn’t behaving badly. It is just being ordinary.
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  • Historically, boom times are the exception, not the norm.
  • Over the past two centuries, per capita incomes in all advanced economies, from Sweden to Japan, have grown at compound rates of around 1.5% to 2% a year
  • these distinctly non-euphoric averages mean that most of the time, over the long sweep of history, people’s incomes typically take about 40 years to double.
  • looking from one year to the next, the improvements in living standards that come from higher incomes are glacial. The data may show that life is getting better, but average families feel no reason to break out the champagne.
  • that is no longer good enough. Americans expect the economy to be buoyant, not boring. Yet this expectation is shaped not by prosaic economic realities but by a most unusual period in history: the quarter-century that began in the ashes of World War II, when the world economy performed better than at any time before or since.
  • The Golden Age was the first sustained period of economic growth in most countries since the 1920s. But it was built on far more than just pent-up demand and the stimulus of the postwar baby boom. Unprecedented productivity growth around the world made the Golden Age possible. In the 25 years that ended in 1973, the amount produced in an hour of work roughly doubled in the U.S. and Canada, tripled in Europe and quintupled in Japan.
  • Many factors played a role in this achievement.
  • The workforce everywhere became vastly more educated.
  • As millions of laborers shifted from tending sheep and hoeing potatoes to working in factories and construction sites, they could create far more economic value.
  • New motorways boosted productivity in the transportation sector by letting truck drivers cover longer distances with larger vehicles. Faster ground transportation made it practical, in turn, for farms and factories to expand to sell not just locally but regionally or nationally, abandoning craft methods in favor of machinery that could produce more goods at lower cost.
  • Six rounds of tariff reductions brought a massive increase in cross-border trade, putting even stronger competitive pressure on manufacturers to become more efficient.
  • Above all, technological innovation helped to create new products and offered better ways for workers to do their jobs.
  • The 1973 oil crisis meant more than just gasoline lines and lowered thermostats. It shocked the world economy.
  • But it wasn’t the price of gasoline that brought the long run of global prosperity to an end. It just diverted attention from a more fundamental problem: Productivity growth had slowed sharply.
  • The consequences of the productivity bust were severe. Full employment vanished. It would be 24 years before the U.S. unemployment rate would again reach the low levels of late 1973
  • and the infinitesimal unemployment rates in France, Germany and Japan would never be reached again. Through the rest of the 20th century, the jobless rate in 28 wealthy economies would average nearly 7%.
  • the world’s overall economic growth rate dropped from 4.9% a year from 1951 through 1973 to an average of just 3.1% for the balance of the century.
  • With economic planners and central bankers unable to steady their economies, voters turned sharply to the right
  • Conservative politicians such as Margaret Thatcher in the U.K., Ronald Reagan in the U.S. and Helmut Kohl in West Germany swept into power, promising that freer markets and smaller government would reverse the decline, spur productivity and restore rapid growth.
  • But these leaders’ policies—deregulation, privatization, lower tax rates, balanced budgets and rigid rules for monetary policy—proved no more successful at boosting productivity than the statist policies that had preceded them
  • Some insist that the conservative revolution stimulated an economic renaissance, but the facts say otherwise: Great Britain’s productivity grew far more slowly under Thatcher’s rule than during the miserable 1970s, and Reagan’s supply-side tax cuts brought no productivity improvement at all.
  • It is tempting to think that we know how to do better, that there is some secret sauce that governments can ladle out to make economies grow faster than the norm. But despite glib talk about “pro-growth” economic policies, productivity growth is something over which governments have very little control
Javier E

How Netflix Is Deepening Our Cultural Echo Chambers - The New York Times - 0 views

www.nytimes.com/...ur-cultural-echo-chambers.html

echo chamber culture TV history

shared by Javier E on 11 Jan 17 - No Cached
  • The shows are separated by 40 years of technological advances — a progression from the over-the-air broadcast era in which Mr. Lear made it big, to the cable age of MTV and CNN and HBO, to, finally, the modern era of streaming services like Netflix. Each new technology allowed a leap forward in choice, flexibility and quality; the “Golden Age of TV” offers so much choice that some critics wonder if it’s become overwhelming.
  • It’s not just TV, either. Across the entertainment business, from music to movies to video games, technology has flooded us with a profusion of cultural choice.
  • offers a chance to reflect on what we have lost in embracing tech-abetted abundance. Last year’s presidential election and its aftermath were dominated by discussions of echo chambers and polarization; as I’ve argued before, we’re all splitting into our own self-constructed bubbles of reality.
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  • What’s less discussed is the polarization of culture, and the new echo chambers within which we hear about and experience today’s cultural hits
  • There’s just about nothing as popular today as old sitcoms were; the only bits of shared culture that come close are periodic sporting events, viral videos, memes and occasional paroxysms of political outrage (see Meryl Streep’s Golden Globes speech and the aftermath).
  • we’re returning to the cultural era that predated radio and TV, an era in which entertainment was fragmented and bespoke, and satisfying a niche was a greater economic imperative than entertaining the mainstream.
  • “We’re back to normal, in a way, because before there was broadcasting, there wasn’t much of a shared culture,
  • Because it featured little choice, TV offered something else: the raw material for a shared culture. Television was the thing just about everyone else was watching at the same time as you. In its enforced similitude, it became a kind of social glue, stitching together a new national identity across a vast, growing and otherwise diverse nation.
  • “For most of the history of civilization, there was nothing like TV. It was a really odd moment in history to have so many people watching the same thing at the same time.”
  • As the broadcast era morphed into one of cable and then streaming, TV was transformed from a wasteland into a bubbling sea of creativity. But it has become a sea in which everyone swims in smaller schools.
  • Only around 12 percent of television households, or about 14 million to 15 million people, regularly tuned into “NCIS” and “The Big Bang Theory,” the two most popular network shows of the 2015-16 season, according to Nielsen. Before 2000, those ratings would not even have qualified them as Top 10 shows
  • HBO’s “Game of Thrones” is the biggest prestige drama on cable, but its record-breaking finale drew only around nine million viewers
  • Netflix’s biggest original drama last year, “Stranger Things,” was seen by about 14 million adults in the month after it first aired. “Fuller House,” Netflix’s reboot of the broadcast sitcom “Full House,” attracted an audience of nearly 16 million. (These numbers are for the entire season, not for single episodes.)
  • For perspective, during much of the 1980s, a broadcast show that attracted 14 million to 16 million would have been in danger of cancellation.
  • As people pull back from broadcast and cable TV and jump deeper into streaming, we’re bound to see more shows with smaller audiences.
  • It’s possible we’re not at the end of the story. Some youngsters might argue that the internet has produced its own kind of culture, one that will become a fount of shared references for years to come. What if “Chewbacca Mom” and the blue and black/white and gold dress that broke the internet one day become part of our library of globally recognized references
Javier E

'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave' - Derek Thom... - 0 views

www.theatlantic.com/...257401

innovation

shared by Javier E on 19 May 12 - No Cached
  • Now there's a new pattern created by two big ideas. First, for the first time ever, you have computer devices, mobile and tablet especially, in the hands of billions of people. Second is that we are moving all the social needs that we used to do face-to-face, and we're doing them on a computer.
  • Silicon Valley is screwed as we know it.  If I have a choice of investing in a blockbuster cancer drug that will pay me nothing for ten years,  at best, whereas social media will go big in two years, what do you think I'm going to pick? If you're a VC firm, you're tossing out your life science division. All of that stuff is hard and the returns take forever. Look at social media. It's not hard, because of the two forces I just described, and the returns are quick.
  • Companies like Facebook for the first time can get total markets approaching the entire population.
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  • Facebook's success has the unintended consequence of leading to the demise of Silicon Valley as a place where investors take big risks on advanced science and tech that helps the world. The golden age of Silicon valley is over
Javier E

Europe's Glorious Years of Peace and Prosperity - The New York Times - 0 views

www.nytimes.com/...an-kershaw-the-global-age.html

europe peace prosperity politics economics

shared by Javier E on 05 May 19 - No Cached
  • In synthesizing this period in European history in a long but very readable volume
  • Kershaw reminds us that the Continent has faced other large challenges in the postwar era and survived; that some long-term trends of peace, prosperity and democracy are both robust and remarkable; and that individuals have agency, and can alter the course of events — they are not mere expressions of those events.
  • Today’s Europe, thankfully, is not haunted by the specter of nuclear war. The probability of a Russian invasion of a NATO member is low.
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  • During this “golden age” for Europe, imperial powers had to navigate decolonization. The French wars in Indochina and Algeria and the Portuguese wars in Angola and Mozambique were difficult, regime-threatening challenge
  • Europe endured domestic violence during this golden age, be it from the Red Brigades in Italy, the Baader-Meinhof Group in West Germany, nationalists in Northern Ireland or separatists in the Basque region.
  • war, sometimes in the form of ethnic cleansing, erupted in the Balkans in the 1990s. Brexit, immigration, populism and even Jihadist-inspired terrorism seem like much smaller challenges than genocide.
  • Kershaw traces several positive, long-term trends in European history from 1950 to 2017 that are downright miraculous. Most important, most of the Continent lived in peace during the Global Age, a sharp contrast to the horrific atrocities chronicled in Kershaw’s previous volume in this series, “To Hell and Back: Europe 1914-1949.”
  • Europeans on average became richer than at any time before. In Kershaw’s estimation, the period between 1950 and 1973 was especially prosperous — a “golden age” or an “economic miracle” for the western part of the Continent, and even a “silver age” for the Communist bloc
  • As Kershaw sums up, “Europe is more peaceful, more prosperous and more free than at any time in its long history.” Alongside these three positive trends of peace, prosperity and democracy, cooperation among European countries expanded dramatically, culminating in the creation of the European Union and the euro.
  • It would be premature, however, to predict a new negative trajectory. Peace, prosperity and democracy in Europe still have serious momentum.
  • Kershaw allows for the possibility that individuals — not just innate structural forces — can shape history
  • Kershaw ascribes the greatest agency of all to the Soviet leader Mikhail Gorbachev. “The magnitude of Gorbachev’s personal contributions to the dramatic change, not just in the Soviet Union itself but throughout Eastern Europe, can scarcely be exaggerated.
  • European leaders should read “The Global Age” to be reminded of the incredible progress of the last 70 years — and told that such progress is something they have the power to sustain through their individual actions
g-dragon

Black Death in Asia: The Origins of the Bubonic Plague - 0 views

www.thoughtco.com/-in-asia-bubonic-plague-195144

Bulbonic Plague asia origins

shared by g-dragon on 24 Oct 17 - No Cached
  • it killed an estimated one-third of the European population
  • started in Asia and devastated many areas of that continent as well.
  • Many scholars believe that the bubonic plague began in north-western China, while others cite south-western China or the steppes of Central Asia.
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  • an outbreak erupted in the Yuan Empire and may have hastened the end of Mongol rule over China. Three years later, the disease killed over 90 percent of the Hebei Province's populations
  • with deaths totaling over 5 million people.
  • From its origin at the eastern end of the Silk Road, the Black Death rode trade routes west stopping at Central Asian caravansaries and Middle Eastern trade centers and subsequently infected people all across Asia.
  • "The Land of Darkness," or Central Asia. From there, it spread to China, India, the Caspian Sea and "land of the Uzbeks," and thence to Persia and the Mediterranean.
  • The Central Asian scourge struck Persia just a few years after it appeared in China — proof if any is needed that the Silk Road was a convenient route of transmission for the deadly bacterium.
  • Civilization both in the East and the West was visited by a destructive plague which devastated nations and caused populations to vanish
  • The region's population was slow to recover, in part due to the political disruptions caused by the fall of Mongol rule and the later invasions of Timur (Tamerlane).
  • In 1335, the Il-Khan (Mongol) ruler of Persia and the Middle East, Abu Said, died of bubonic plague during a war with his northern cousins, the Golden Horde. This signaled the beginning of the end for Mongol rule in the region
  • He goes on to charge that the Mongol leader "ordered corpses to be placed in catapults and lobbed into the city in hopes that the intolerable stench would kill everyone inside."
  • This incident is often cited as the first instance of biological warfare in history. However, other contemporary chroniclers make no mention of the putative Black Death catapults.
  • European observers were fascinated but not too worried when the Black Death struck the western rim of Central Asia and the Middle East
  • , the holy city of Mecca was hit by the plague, likely brought in by infected pilgrims on the hajj.
  • It seems more likely, however, that traders from further east brought diseased fleas
  • It swallowed up many of the good things of civilization and wiped them out... Civilization decreased with the decrease of mankind. Cities and buildings were laid waste, roads and way signs were obliterated, settlements and mansions became empty, dynasties and tribes grew weak. The entire inhabited world changed."
  • Perhaps the most significant impact that the Black Death had on Asia was that it contributed to the fall of the mighty Mongol Empire. After all, the pandemic started within the Mongol Empire and devastated peoples from all four of the khanates.
  • The massive population loss and terror caused by the plague destabilized Mongolian governments from the Golden Horde in Russia to the Yuan Dynasty in China. The Mongol ruler of the Ilkhanate Empire in the Middle East died of the disease along with six of his sons.
  • Although the Pax Mongolica had allowed increased wealth and cultural exchange, through a reopening of the Silk Road, it also allowed this deadly contagion to spread rapidly westward from its origin in western China or eastern Central Asia. As a result, the world's second-largest empire ever crumbled and fell.
  • g-dragon on 24 Oct 17
     
    A summary about the route the Black Plague took and the tole it had. It is intesting how they called Central Asia the land of the darkness.
brookegoodman

Tulsi Gabbard, running for president, won't seek re-election to Congress - 0 views

www.nbcnews.com/...on-t-seek-re-election-n1071756

politics us

shared by brookegoodman on 25 Oct 19 - No Cached
  • Democratic presidential candidate Tulsi Gabbard said Thursday that she will not run for re-election for her U.S. representative seat, saying she wants to focus on trying to secure her party’s nomination to challenge President Donald Trump.
  • "I believe that I can best serve the people of Hawaii and our country as your president and commander-in-chief,"
  • An Iowa Democratic caucus poll out this week put Gabbard at 3 percent, with former Vice President Joe Biden, Massachusetts Sen. Elizabeth Warren, and South Bend, Indiana, Mayor Pete Buttigieg in the top three spots.
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  • Clinton did not mention Gabbard by name but said she believes one candidate is "the favorite of the Russians."
  • Clinton was referring to the GOP grooming Gabbard, not Russians.
  • Gabbard reacted by tweeting that Clinton is “the queen of warmongers, embodiment of corruption, and personification of the rot that sickened the Democratic Party for so long."
  • Trump attacked Clinton for the suggestion earlier this week, and said Clinton and other Democrats claim everyone opposed to them is a Russian agent.
  • ratic presidential candidate Tulsi Gabbard said Thursday that she will not run for re-election for her U.S. representative seat, saying she wants to focus on trying to secure her party’s nomination to challenge President Donald Trump.Gabbard, who represents Hawaii, made the announcement in a video and email to supporters."I believe that I can best serve the people of Hawaii and our country as your president and commander-in-chief," Gabbard said in the video.Let our news meet your inbox. The news and stories that matters, delivered weekday mornings.Sign UpThis site is protected by recaptcha Privacy Policy | Terms of Service She also expressed gratitude to the people of Hawaii for her nearly seven years in Congress.In January, Hawaii state Sen. Kai Kahele, a Democrat, said he would run for Gabbard's seat, NBC affiliate KHNL of Honolulu reported.An Iowa Democratic caucus poll out this week put Gabbard at 3 percent, with former Vice President Joe Biden, Massachusetts Sen. Elizabeth Warren, and South Bend, Indiana, Mayor Pete Buttigieg in the top three spots.She is in a crowded field of Democrats seeking the nomination to run for president. Another candidate, U.S. Rep. Tim Ryan, D-Ohio, ended his long-shot presidential campaign Thursday.RecommendedvideovideoMcConnell: If the House impeaches Trump, Senate will hold trial 'until we finish'2020 Election2020 ElectionTim Ryan drops out of presidential raceHillary Clinton recently suggested that she believed Republicans were grooming one of the Democrats for a third-party candidacy. Clinton did not mention Gabbard by name but said she believes one candidate is "the favorite of the Russians."
Javier E

A Golden Age of Foreign Films, Mostly Unseen - NYTimes.com - 0 views

www.nytimes.com/...30scott.html

international US cultural ignorance curiosity movies recognition

shared by Javier E on 30 Jan 11 - No Cached
  • My concern here is more with cultural protectionism — the impulse not to conquer the rest of the world but rather to tune it out.
  • in terms of volume and distinction, the last 15 years also qualify as a golden age. What has changed is the sense of cultural cachet and social currency.
Javier E

Is a Film About a Transgender Dancer Too 'Dangerous' to Watch? - The New York Times - 0 views

www.nytimes.com/...x-film-transgender-debate.html

transgender dancer film

shared by Javier E on 06 Jan 19 - No Cached
  • “Girl” sounds like a film that transgender moviegoers might rally around. It depicts a teenage trans girl, Lara, raised by a single father who supports not only her dreams of becoming a ballerina but also her gender confirmation surgery. It’s set in Belgium, so much of Lara’s health care is paid for and her doctor and therapist are encouraging caregivers. And it’s a prize winner that is up for a best foreign-language Golden Globe on Sunday.
  • Yet “Girl,” which has been picked up by Netflix, faces a firestorm, one that pits the director, Lukas Dhont; the trans woman who inspired it, the dancer Nora Monsecour; and the film’s supporters against trans activists and others who consider its scrutiny of a trans character’s body so dangerous that they urge no one to see it
  • “Girl” asks a provocative question: Have we gotten to a place where a film can explore dark aspects of an individual trans character without feeling regressive? No one should have the burden of representing a class of people in a film; real people are complicated. But what happens when a movie is both art and a trigger?
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  • That’s the question behind the two main criticisms of “Girl.” One is that neither Dhont nor his co-writer, Angelo Tissens, nor the young actor who plays Lara, Victor Polster, are transgender
  • The other objection, the one that has prompted foes to label the film “traumatizing” and “sickening,” involves scenes near the end.
  • The outrage has played out ferociously online. The film critic Oliver Whitney wrote in The Hollywood Reporter that “Girl” is the “most dangerous movie about a trans character in years.” Whitney, who identifies as trans masculine, told me that seeing a trans girl mutilating herself suggests “it’s part of her survival, and that’s harmful.” He said he was most upset that the film “sends a damaging message to all audiences, but especially to trans folks suffering from dysphoria who may not have access to medical care or information about medical transitions.”
  • Three trans women who saw the film at a screening in Los Angeles said it was the film’s dark territory that made it compelling. Crystal Stull told me “Girl” was “the closest that cis people in society will ever get to understanding just how bad dysphoria can really get.
  • Ann Thomas, the founder of Transgender Talent, a talent listing service for trans people, chastised the campaign against it.“The message these arrogant trans activists are saying is that Nora doesn’t have the right to tell her story,” said Thomas, who also defended “Girl” in an opinion piece for The Advocate.
  • “We’re worried about harm reduction,” said Elena Rose Vera, the deputy executive director of Trans Lifeline, who has not seen the movie. “We just want to protect our community.”
  • Monsecour told me she hoped the trans community knew that “Girl” was a beginning, not an end.“I have a platform to speak with ‘Girl,’” she said. “Without ‘Girl,’ I wouldn’t have that. There’s a lot of work to do, but I’m confident that more trans people will tell their stories.”
jordanp99

The Age of Reaction - The New York Times - 0 views

www.nytimes.com/...the-age-of-reaction.html

politics culture reactionaries crisis

shared by jordanp99 on 27 Sep 16 - No Cached
  • Reactionaries, whether angry white Trumpians, European nationalists, radical Islamists or left-wing anti-globalists, are loud, self-confident and on the march.
  • share a similar mentality: There was once a golden age, when people knew their place and lived in harmony. But then that golden age was betrayed by the elites. “The betrayal of elites is the linchpin of every reactionary story,” Lilla writes.
  • Only the reactionaries have the wisdom to turn things back to the way they used to be, to “Make America Great Again.”
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  • Reactionaries are marked by a militant, apocalyptic mind-set, a crisis mentality. They are willing to take extreme, violent action to turn back the clock. In their narcissism, they think they alone understand the crisis and are in a position to reverse the trends.
  • for many groups, especially the less educated working class, life genuinely is worse than it was in the mid-60s. It’s no wonder such people buy Donald Trump’s paradise-lost narrative.
g-dragon

Why Does ISIS Want to Establish a New Caliphate? - 0 views

www.thoughtco.com/sis-and-a-new-caliphate-195599

Isis Golden Age Caliph

shared by g-dragon on 02 Mar 18 - No Cached
  • The radical Islamist group ISIS, which now calls itself the Islamic State, is intent on establishing a new Sunni Muslim caliphate.
  • To some traditionalist Sunni Arabs, this caliphate was so debased that it is not even legitimate. After World War I, the Ottoman Empire collapsed, and a new secular, modernizing government took power in Turkey. 
  • In 1924, without consulting anyone in the Arab world, Turkey's secularist leader Mustafa Kemal Ataturk abolished the office of the caliph entire
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  • Centuries of humiliation and subjugation, first by the Turks, and then by the European powers that carved up the Middle East into its present configuration after World War I, rankle with traditionalists among the faithful. They look back to the Golden Age of Islam, during the Umayyad and Abbassid caliphates, when the Muslim world was the cultural and scientific center of the western world, and Europe a barbaric backwater.
  • ISIS, however, finds itself in a different situation than al-Qaeda did and has prioritized the creation of a new caliphate over making direct strikes on the western world. 
  • Conveniently for ISIS, the two modern nations that contain the former capitals of the Umayyad and Abbassid caliphates are in chaos. Iraq, once the seat of the Abbassid world, is still reeling from the Iraq War (2002 - 2011), and its Kurdish, Shi'ite, and Sunni populations threaten to splinter the country into separate states. Meanwhile, the Syrian Civil War rages in neighboring Syria, former home of the Umayyad state.
  • ISIS has succeeded in seizing a fairly large, contiguous area of Syria and Iraq, where it acts as the government. It imposes taxes, imposes rules on the local people according to its fundamentalist version of law, and even sells oil drilled from the land it controls.
  • The self-appointed caliph, formerly known as Abu Bakr al-Baghdadi, is gathering young militants to his cause with his success in seizing and holding this territory. However, the Islamic State that they are trying to create, with its stonings, beheadings, and public crucifixions of anyone who does not adhere to their exact, radical brand of Islam, does not resemble the enlightened multicultural centers that were the earlier caliphates. If anything, the Islamic State looks more like Afghanistan under Taliban rule.
manhefnawi

The Tirol's Last Knight | History Today - 0 views

www.historytoday.com/10200

Maximilian Habsburgs Rulers Charles V Holy Roman Emperor

shared by manhefnawi on 15 May 18 - No Cached
  • Habsburg rulers, the 'last knight', Maximilian I, Holy Roman Emperor from 1493 to 1519
  • The central starting point for the Trails is the city of Innsbruck which Maximilian made the centre of his rule and from where he set about fulfilling his ambitions to establish a complex scheme of dynastic and marital alliances The result of these enabled his grandson, Charles V, (nephew of Katherine of Aragon – the connection caused Henry VIII much grief when he was trying to persuade the pope to give him a divorce while Rome was under Habsburg occupation) to become by far the greatest ruler of sixteenth-century Europe with a travelling schedule that would be familiar to any chief executive of a multinational company today
  • His indecisive father, Frederick lll. King Arthur, Godfrey the first Crusader king of Jerusalem and his wife’s father Charles from the Bold of Burgundy (from who the Hapsburgs took over the order of the Golden fleece and a patchwork of rich low countries territories
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  • Maximilian also put new technology to good effect with his Zeughaus, or armoury, back in Innsbruck where the same expertise that was lavished on coins and memorial sculpture was used to produce state-of- the-art artillery to protect the scattered Habsburg possessions
  • His life was streaked by tragedy: his first wife, Mary of Burgundy, was killed by a fall from her horse while out hunting, pregnant with his third child; his son 'Philip the Fair' died in his twenties; Philip's wife, Joanna, mother of Charles V, earned her epithet of 'the Mad' by carrying her husband's embalmed body around with her on her travels, with frequent inspections. But Maximilian was, nevertheless, a man who enjoyed life – as the rollicking reliefs on the Golden Roof illustrate
  • Like England's 'Merry Monarch', Charles lI, one feels he would have been a convivial dinner companion
  • For all its splendour, Maximilian's tomb is empty
  • his heart is not in Austria at all
g-dragon

The Collapse of Gupta India - 0 views

www.thoughtco.com/mpire-in-india-collapse-195477

Gupta Empire india collapse

shared by g-dragon on 31 May 18 - No Cached
  • The Gupta Empire may have lasted only about 230 years, but it was characterized by a sophisticated culture with innovative advances in literature, arts, and sciences.
  • Called India's Golden Age by most scholars, the Gupta Empire was likely founded by a member of a lower Hindu caste called Sri Gupta.
  • During this Golden Age, India was part of an international trade network which also included other great classical empires of the day, the Han Dynasty in China to the east and the Roman Empire to the west.
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  • The famed Chinese pilgrim to India Fa Hsien (Faxien), noted that Gupta law was exceptionally generous; crimes were punished only with fines.
  • The surviving architecture includes palaces and purpose-built temples for both Hindu and Buddhist religions, such as the Parvati Temple at Nachna Kuthara and the Dashavatara temple at Deogarh in Madhya Pradesh.
  • The emperors also founded free hospitals for their citizens, as well as monasteries and universities.
  • Aryabhata's incredibly accurate calculation of pi as 3.1416, and his equally amazing calculation that the solar year is 365.358 days long.
  • In part, this was due to the common people's dislike of the meddlesome and unwieldy bureaucracy.
  • As with the collapses of other classical political systems, the Gupta Empire crumbled under both internal and external pressures.
  • Internally, the Gupta Dynasty grew weak from a number of succession disputes. As the emperors lost power, regional lords gained increasing autonomy. In a sprawling empire with weak leadership, it was easy for rebellions in Gujarat or Bengal to break out, and difficult for the Gupta emperors to put such uprisings down.
  • By 500, many regional princes were declaring their independence and refusing to pay taxes to the central Gupta state. These included the Maukhari Dynasty, who ruled over Uttar Pradesh and Magadha.
  • By the later Gupta era, the government was having trouble collecting enough taxes to fund both its hugely complex bureaucracy, and constant wars against foreign invaders like the Pushyamitras and the Huns.
  • Chandragupta's son, Samudragupta (ruled 335–380 CE), was a brilliant warrior and statesman, sometimes called the "Napoleon of India."
  • Even those who felt a personal loyalty to the Gupta Emperor generally disliked his government and were happy to avoid paying for it if they could.
  • In addition to internal disputes, the Gupta Empire faced constant threats of invasion from the north. The cost of fighting off these invasions drained the Gupta treasury, and the government had difficulty refilling the coffers. Among the most troublesome of the invaders were the White Huns (or Hunas), who had conquered much of the northwestern section of Gupta territory by 500 CE.
malonema1

Culture Clash at a Chinese-Owned Plant in Ohio - The New York Times - 0 views

www.nytimes.com/...ohio-factory-jobs-china.html

US china economic

shared by malonema1 on 10 Jun 17 - No Cached
  • Culture Clash at a Chinese-Owned Plant in Ohio
  • But now the Chinese were suddenly creating them. More than 1,500 jobs, in fact.
  • From 2000 to the first quarter of this year, the Chinese have invested almost $120 billion in the United States, according to the Rhodium Group, which tracks these flows. Nearly half of that amount has come since early 2016, making China one of this country’s largest sources of foreign direct investment during that time.
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  • The union, which began meeting with workers in 2015, escalated its public efforts in April with a fiery meeting highlighting arbitrarily enforced rules and retaliation against those who speak up.
  • The company reached an agreement in March that reduced the amount to $100,000 and required corrective measures.
  • In 2014, a Chinese copper tube maker called Golden Dragon opened a plant in Wilcox County, Ala., to Fuyao-esque fanfare, investing more than $100 million to create an anticipated 300 local jobs. By the end of the year, amid complaints about lax safety and low wages, workers narrowly voted to unionize.
  • Mr. Vanetti said that Fuyao remained committed to its original four-to-five-year timetable for handing the plant to a predominantly American management corps, and that it recently hired two more American vice presidents.
Javier E

Is there a neo-Nazi storm brewing in Trump country? | World news | The Guardian - 0 views

www.theguardian.com/...neo-nazis-america-donald-trump

alt-right nazi party nativism trump politics culture

shared by Javier E on 04 Jun 17 - No Cached
  • Members of the “alt-right”, a mixed group of racists, nationalists, antisemites and misogynists, understand that many news stories are built on a framework of conflict and outrage, fueled by the power of a shocking image or the lure of a supposedly telling contrast. “The media’s dependence on social media, analytics and metrics, sensationalism, novelty over newsworthiness, and clickbait makes them vulnerable,”
  • People who have had personal run-ins with Heimbach – who have experienced him in action – say the media should not simply ignore his activities. Instead of glamorizing them or portraying them as cartoonish monsters, scrutiny should attempt to reveal their impact.
  • The Kentucky neo-Nazi summit in April attracted about 150 people, about 75 of them members of the Traditionalist Worker party.
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  • Heimbach claims that his party has 600 dues-paying members nationwide. They do not call themselves Nazis. Heimbach said the term Nazi is a slur, and that he draws inspiration from many fascist and national socialist regimes, not just Germany’s.
  • Ryan Lenz, an analyst at the Southern Poverty Law Center, which tracks American hate groups, sees no justification for his argument. It is fair to label Heimbach a Nazi because he is an avowed national socialist, Holocaust denier and antisemite.
  • “In this context, Nazi is not a slur. It’s not an attack. It’s an accurate description,” he said.
  • “Most of these people are malignant contrarians who have a lot of loyalty and trust issues,”
  • Jonathan Munshaw, who covered Heimbach’s early tactics for the Towson student newspaper, said he only ever verified one Towson student who was part of the White Student Union: Heimbach himself. But students on campus truly believed that the group was much bigger, Munshaw said – and they were terrified.
  • At a campus town hall meeting, Evans recalled, Heimbach had said: “I am going to bleed this university white.”
  • “It sent shockwaves through the campus,” Evans said. As a result of Heimbach’s activism, he thought attendance at campus events dropped. People didn’t want to leave their rooms.
  • Evans countered Heimbach’s views publicly – and, as a result, he was featured on white supremacist websites, one of which dubbed him a “black supremacist”.
  • Evans said he had received a death threat at his college graduation, and walked across the stage fearing that he would be shot in front of his mother and his girlfriend.
  • It was the perfect recipe for a television segment: the white supremacist, the black students arguing against him. “It was an easy story,”
  • In interviews and speeches to other neo-Nazis, Heimbach is less circumspect, quoting Goebbels and speaking fondly of Mussolini.
  • Heimbach serves as a lynchpin between the scattered groups of the radical right – the one who can build connections with “the working-class skinhead movement and the upper-class academic racists”, said Lenz, who has been interviewing Heimbach periodically since he graduated from college.
  • His argument, Lenz said, is: we’re all compatriots in nationalism, and therefore we should stand together, whether we believe in the Holocaust or not.
  • Heimbach had only been a white nationalist in college. But supporters of his White Student Union responded by sending him books in the mail that helped shift his views about the Holocaust. “At the end of the day,” he said, “you end up at national socialism.”
  • Lenz said he does not know how Heimbach, who says he is forced to work low-paying jobs, can afford to travel constantly across the country and fly to Europe every year to meet with far-right groups. He said Heimbach had denied having a wealthy patron who funded the trips. Heimbach said he paid for the trips himself, with some contribution from his party
  • By the month before Trump’s election, Heimbach had shifted gears and developed a new message discipline “capable of spinning answers to questions like someone who had spent years in a spin room”
  • Trump was Heimbach’s dream come true. In early 2016, Heimbach had described the presidential candidate as the “gateway drug” to outright white nationalism.
  • “I don’t think I ever even heard him say the word white,” she said. Instead, it was: “‘People are coming in, close the border, and they’re taking our jobs and our communities’ – it was very dog whistle-y.
  • When the protester’s group finally raised their banners toward the end of Trump’s speech, Heimbach’s group immediately rushed them, not just to tear down their anti-Trump banner but also to punch them, several protesters alleged in a lawsuit. The onslaught “was so intense and violent” that the protester, who was in the back, said she was overwhelmed.
  • The protester said Heimbach and his group had insinuated their way into the middle of the crowd, and when a moment of tension arrived they suddenly turned violent, and other men around them mirrored their behavior, shouting, pushing, furious. Trump, from the stage, had called: “Get ’em out!”
  • American neo-Nazis look at Golden Dawn’s rise and take hope. Heimbach has met with far-right nationalists across Europe, he said, including three visits with Golden Dawn over the past three years.
  • Heimbach can put on a show of moderation. He doesn’t think everyone should have to live in a white ethno-state. That’s just his preference. He doesn’t hate other races. He just thinks that black Americans have, on average, a “lower future time orientation”.
  • But Trump’s rise to power has encouraged the extremists to try to bridge their divides. Neo-Nazis and Ku Klux Klan leaders were jubilant over an openly xenophobic, politically incorrect presidential candidate who promised to stop illegal immigration and enact a Muslim ban – and they have pursued news coverage, attracting headlines and staging dramatic photos
  • He is a Holocaust denier, believing that the systematic murder of 6 million European Jews by the Nazi regime did not happen, that it’s all a “Bolshevik conspiracy”. He has expressed sympathy for the racist killer Dylann Roof and praised white supremacist Norwegian mass murderer Anders Breivik.
  • Real Christianity, he said, is “patriarchal, homophobic, racist and antisemitic”. He laughed. “I see that as a good thing.”
  • Heimbach lives in Paoli, Indiana, with his wife and son; his fellow party leader, Matt Parrott; and Jason, the young white nationalist who moved from New York City to join him and who now edits his video projects and produces white nationalist music. Three other white families who support their views have moved to Paoli to join them, Heimbach said – two from northern Indiana, one from Virginia. They try to get together weekly for board game nights and home-brewed mead. They play Risk – “of course, the battle of world domination” – and Cards Against Humanity.
  • “My parents didn’t exactly know what I was thinking or up to. I think in modern America, [there are] a tremendous amount of parents who would be horrified and scandalized with what their young sons and daughters are reading on white nationalist forums or reading on the Daily Stormer,” he said.
  • “My folks said that they didn’t raise me like this, that they didn’t approve of this and that I had to make a choice, if I was going to do this or choose my family. And I said to them, this is choosing my family, because I want my siblings and their grandchildren to have a future. They didn’t understand.”
  • Heimbach’s speech was well received. But as the night went on, the divide between the traditional neo-Nazi groups and the new, internet-savvy “alt-right” began to show. The speeches grew so dull, despite the periodic Nazi salutes and chants of white power, that most of the younger extremists melted away into the dark, leaving a smaller and smaller audience to listen to old Nazis drone on.
  • In the political analysis of Trump voters, neo-Nazi advocates like Heimbach and some on the left tend to agree: Trump voters are a white identity movement, motivated to vote for him at least in part by outright racism, a claim Trump supporters vehemently reject.
  • The locals in Pikeville greeted the influx with outrage and shock. Outside a Pikeville tattoo parlor the day before the neo-Nazis were coming to town, a group of local men expressed disgust at the agenda and concern that the event would discourage students of different races from coming to the local university.
  • Both women were increasingly angry that Heimbach had chosen to come to Kentucky to spread his message. “He’s targeting us,” Wooton said, “because he thinks that we’re stupid.” “And he’s wrong about that,” Porter said.
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