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Javier E

Can History Predict the Future? - The Atlantic - 0 views

  • Cities on fire, elected leaders endorsing violence, homicides surging—­­to a normal American, these are apocalyptic signs. To Turchin, they indicate that his models, which incorporate thousands of years of data about human history, are working. (“Not all of human history,” he corrected me once. “Just the last 10,000 years.”)
  • He has been warning for a decade that a few key social and political trends portend an “age of discord,” civil unrest and carnage worse than most Americans have experienced. In 2010, he predicted that the unrest would get serious around 2020, and that it wouldn’t let up until those social and political trends reversed. Havoc at the level of the late 1960s and early ’70s is the best-case scenario; all-out civil war is the worst.
  • The fundamental problems, he says, are a dark triad of social maladies: a bloated elite class, with too few elite jobs to go around; declining living standards among the general population; and a government that can’t cover its financial positions.
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  • In War and Peace and War (2006), his most accessible book, he likens himself to Hari Seldon, the “maverick mathematician” of Isaac Asimov’s Foundation series, who can foretell the rise and fall of empires. In those 10,000 years’ worth of data, Turchin believes he has found iron laws that dictate the fates of human societies.
  • The fate of our own society, he says, is not going to be pretty, at least in the near term. “It’s too late,”
  • The problems are deep and structural—not the type that the tedious process of demo­cratic change can fix in time to forestall mayhem.
  • Turchin likens America to a huge ship headed directly for an iceberg: “If you have a discussion among the crew about which way to turn, you will not turn in time, and you hit the iceberg directly.” The past 10 years or so have been discussion. That sickening crunch you now hear—steel twisting, rivets popping—­­is the sound of the ship hitting the iceberg.
  • Of the three factors driving social violence, Turchin stresses most heavily “elite overproduction”—­the tendency of a society’s ruling classes to grow faster than the number of positions for their members to fill.
  • Don’t we want everyone to be rich and educated? The problems begin when money and Harvard degrees become like royal titles in Saudi Arabia. If lots of people have them, but only some have real power, the ones who don’t have power eventually turn on the ones who do.
  • “You have a situation now where there are many more elites fighting for the same position, and some portion of them will convert to counter-elites,” Turchin said.
  • Elite jobs do not multiply as fast as elites do. There are still only 100 Senate seats, but more people than ever have enough money or degrees to think they should be running the country
  • Turchin noted that a person can be part of an ideological elite rather than an economic one.
  • Elite overproduction creates counter-elites, and counter-elites look for allies among the commoners. If commoners’ living standards slip—not relative to the elites, but relative to what they had before—they accept the overtures of the counter-elites and start oiling the axles of their tumbrels
  • Commoners’ lives grow worse, and the few who try to pull themselves onto the elite lifeboat are pushed back into the water by those already aboard.
  • The final trigger of impending collapse, Turchin says, tends to be state insolvency. At some point rising in­security becomes expensive. The elites have to pacify unhappy citizens with handouts and freebies—and when these run out, they have to police dissent and oppress people.
  • Eventually the state exhausts all short-term solutions, and what was heretofore a coherent civilization disintegrates.
  • “I gave up because I solved the problem.” Turchin published one final monograph, Complex Population Dynamics: A Theoretical / Empirical Synthesis (2003), then broke the news to his UConn colleagues that he would be saying a permanent sayonara to the field
  • “Does population ecology have general laws?” Turchin asked. Most ecologists said no: Populations have their own dynamics, and each situation is different.
  • All sciences go through this transition to mathematization,” Turchin told me. “When I had my midlife crisis, I was looking for a subject where I could help with this transition to a mathematized science. There was only one left, and that was history.”
  • After its long adolescence of collecting and cataloging, ecology had enough data to describe these universal laws—and to stop pretending that every species had its own idiosyncrasies. “Ecologists know these laws and should call them laws,” he said.
  • The laws Turchin applied to ecology—and his insistence on calling them laws—­generated respectful controversy at the time. Now they are cited in textbooks.
  • Having left ecology, Turchin began similar research that attempted to formulate general laws for a different animal species: human beings.
  • Turchin suggested that “there are several very general law-like propositions” that could be applied to ecology.
  • If the historians weren’t going to usher in a mathematical revolution themselves, he would storm their departments and do it for them.
  • “There is a longstanding debate among scientists and philosophers as to whether history has general laws,” he and a co-author wrote in Secular Cycles (2009). “A basic premise of our study is that historical societies can be studied with the same methods physicists and biologists used to study natural systems.”
  • he likened historians reluctant to build general principles to his colleagues in biology “who care most for the private life of warblers.” “Let history continue to focus on the particular,” he wrote. Cliodynamics would be a new science
  • To seed the journal’s research, Turchin masterminded a digital archive of historical and archaeological data.
  • The coding of its records requires finesse, he told me, because (for example) the method of determining the size of the elite-aspirant class of medieval France might differ from the measure of the same class in the present-day United States. (For medieval France, a proxy is the membership in its noble class, which became glutted with second and third sons who had no castles or manors to rule over. One American proxy, Turchin says, is the number of lawyers.)
  • Historians of religion have long pondered the relationship between the rise of complex civilization and the belief in gods—especially “moralizing gods,” the kind who scold you for sinning. Last year, Turchin and a dozen co-authors mined the database (“records from 414 societies that span the past 10,000 years from 30 regions around the world, using 51 measures of social complexity and 4 measures of supernatural enforcement of morality”) to answer the question conclusively. They found that complex societies are more likely to have moralizing gods, but the gods tend to start their scolding after the societies get complex, not before
  • One of Turchin’s most unwelcome conclusions is that complex societies arise through war. The effect of war is to reward communities that organize themselves to fight and survive, and it tends to wipe out ones that are simple and small-scale
  • the data are clear: Darwinian processes select for complex socie­ties because they kill off simpler ones.
  • Certain aspects of this cyclical view require relearning portions of American history, with special attention paid to the numbers of elites. The industrialization of the North, starting in the mid-19th century, Turchin says, made huge numbers of people rich. The elite herd was culled during the Civil War, which killed off or impoverished the southern slaveholding class, and during Reconstruction, when America experienced a wave of assassinations of Republican politicians.
  • “There is a very close correlation between adopting democratic institutions and having to fight a war for survival.”
  • Also unwelcome: the conclusion that civil unrest might soon be upon us, and might reach the point of shattering the country. In 2012, Turchin published an analysis of political violence in the United States, again starting with a database. He classified 1,590 incidents—riots, lynchings, any political event that killed at least one person—from 1780 to 2010. Some periods were placid and others bloody, with peaks of brutality in 1870, 1920, and 1970, a 50-year cycle.
  • In 2010, when Nature surveyed scientists about their predictions for the coming decade, most took the survey as an invitation to self-promote and rhapsodize, dreamily, about coming advances in their fields. Turchin retorted with his prophecy of doom and said that nothing short of fundamental change would stop another violent turn.
  • It wasn’t until the Progressive reforms of the 1920s, and later the New Deal, that elite overproduction actually slowed, at least for a time.
  • This oscillation between violence and peace, with elite over­production as the first horseman of the recurring American apocalypse, inspired Turchin’s 2020 prediction
  • The notion that democracy finds its strength in its essential goodness and moral improvement over its rival systems is likewise fanciful. Instead, democratic societies flourish because they have a memory of being nearly obliterated by an external enemy. They avoided extinction only through collective action, and the memory of that collective action makes democratic politics easier to conduct in the present,
  • Some sound like ideas that might have come from Senator Elizabeth Warren—tax the elites until there are fewer of them
  • others, such as a call to reduce immigration to keep wages high for American workers, resemble Trumpian protectionism.
  • He opposes credential-­oriented higher education, for example, which he says is a way of mass-producing elites without also mass-­producing elite jobs for them to occupy. Architects of such policies, he told me, are “creating surplus elites, and some become counter-elites.” A smarter approach would be to keep the elite numbers small, and the real wages of the general population on a constant rise.
  • We need to stop the runaway process of elite overproduction, but I don’t know what will work to do that, and nobody else does. Do you increase taxation? Raise the minimum wage? Universal basic income?” He conceded that each of these possibilities would have unpredictable effects
  • practice “adaptive management,” changing and modulating your approach as you go.
  • Eventually, Turchin hopes, our understanding of historical dynamics will mature to the point that no government will make policy without reflecting on whether it is hurtling toward a mathematically pre­ordained disaster.
  • He says he could imagine an Asimovian agency that keeps tabs on leading indicators and advises accordingly. It would be like the Federal Reserve, but instead of monitoring inflation and controlling monetary supply, it would be tasked with averting total civilizational collapse.
  • Since at least the 19th century, the discipline has embraced the idea that history is irreducibly complex, and by now most historians believe that the diversity of human activity will foil any attempt to come up with general laws, especially predictive ones.
  • The idea that one thing causes another, and that the causal pattern can tell you about sequences of events in another place or century, is foreign territory.
  • Turchin counters that he has heard claims of irreducible complexity before, and that steady application of the scientific method has succeeded in managing that complexity.
  • One social scientist who can speak to Turchin in his own mathematical argot is Dingxin Zhao, a sociology professor at the University of Chicago who is—incredibly—­also a former mathematical ecologist.
  • in a way I am sympathetic to Turchin. If you come to social science from natural sciences, you have a powerful way of looking at the world. But you may also make big mistakes.”
  • Turchin is nonetheless filling a historiographical niche left empty by academic historians with allergies not just to science but to a wide-angle view of the past.
  • humans are much wilier social creatures, Zhao said. A woodpecker will eat a termite, but it “will not explain that he is doing so because it is his divine right.” Humans pull ideological power moves like this all the time, Zhao said, and to understand “the decisions of a Donald Trump, or a Xi Jinping,” a natural scientist has to incorporate the myriad complexities of human strategy, emotion, and belief. “I made that change,” Zhao told me, “and Peter Turchin has not.”
  • Zhao said that human beings are just much more complicated than bugs.
  • He places himself in a Russian tradition prone to thinking sweeping, Tolstoyan thoughts about the path of history. By comparison, American historians mostly look like micro-historians.
  • Rather than bending toward progress, the arc in his view bends all the way back on itself, in a never-­ending loop of boom and bust. This puts him at odds with American historians, many of whom harbor an unspoken faith that liberal democracy is the end state of all history.
  • Writing history in this sweeping, cyclical way is easier if you are trained outside the field. “If you look at who is doing these megahistories, more often than not, it’s not actual historians,”
  • The genre’s most famous book, Guns, Germs, and Steel (1997), beheld 13,000 years of human history in a single volume. Its author, Jared Diamond, spent the first half of his career as one of the world’s foremost experts on the physiology of the gall­bladder.
  • Steven Pinker, a cognitive psychologist who studies how children acquire parts of speech, has written a megahistory about the decline of violence across thousands of years, and about human flourishing since the Enlightenment
  • Most historians I asked about these men—and for some reason megahistory is nearly always a male pursuit—used terms like laughingstock and patently tendentious to describe them.
  • Pinker retorts that historians are resentful of the attention “disciplinary carpet­baggers” like himself have received for applying scientific methods to the humanities and coming up with conclusions that had eluded the old methods.
  • “Given the noisiness of human behavior and the prevalence of cognitive biases, it’s easy to delude oneself about a historical period or trend by picking whichever event suits one’s narrative,” he says. The only answer is to use large data sets.
  • “There’s no reason that traditional history and data science can’t merge into a cooperative enterprise,” Pinker wrote. “Knowing stuff is hard; we need to use every available tool.”
  • Turchin’s conclusions are only as good as his databases, she told me, and any database that tries to code something as complex as who constitutes a society’s elites—then tries to make like-to-like comparisons across millennia and oceans—will meet with skepticism from traditional historians
  • Turchin’s data are also limited to big-­picture characteristics observed over 10,000 years, or about 200 lifetimes. By scientific standards, a sample size of 200 is small, even if it is all humanity has.
  • Privately, some historians have told me they consider the tools he uses powerful, if a little crude. Clio­dynamics is now on a long list of methods that arrived on the scene promising to revolutionize history. Many were fads, but some survived that stage to take their rightful place in an expanding historiographical tool kit
  • Turchin’s methods have already shown their power. Cliodynamics offers scientific hypotheses, and human history will give us more and more opportunities to check its predictions—­revealing whether Peter Turchin is a Hari Seldon or a mere Nostradamus.
Javier E

Salman Rushdie's Enchanting New Novel, 'Victory City,' Is a Triumph - The Atlantic - 0 views

  • America’s lapses do seem to be on Rushdie’s mind. Much later, after Bisnaga has come under corrupt, theocratic rule, the narrator observes that its people have “little regard for yesterdays.” They live wholly in the present. “This made Bisnaga a dynamic place, capable of immense forward-looking energy, but also a place that suffered from the problem of all amnesiacs,” Rushdie writes, “which was that to turn away from history was to make possible a cyclical repetition of its crimes.”
Javier E

Sundown in America - NYTimes.com - 0 views

  • the Main Street economy is failing while Washington is piling a soaring debt burden on our descendants, unable to rein in either the warfare state or the welfare state or raise the taxes needed to pay the nation’s bills. By default, the Fed has resorted to a radical, uncharted spree of money printing. But the flood of liquidity, instead of spurring banks to lend and corporations to spend, has stayed trapped in the canyons of Wall Street, where it is inflating yet another unsustainable bubble.
  • When it bursts, there will be no new round of bailouts like the ones the banks got in 2008. Instead, America will descend into an era of zero-sum austerity and virulent political conflict, extinguishing even today’s feeble remnants of economic growth.
  • we are now state-wrecked. With only brief interruptions, we’ve had eight decades of increasingly frenetic fiscal and monetary policy activism intended to counter the cyclical bumps and grinds of the free market and its purported tendency to underproduce jobs and economic output. The toll has been heavy.
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  • The modern Keynesian state is broke, paralyzed and mired in empty ritual incantations about stimulating “demand,” even as it fosters a mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls.
  • The future is bleak. The greatest construction boom in recorded history — China’s money dump on infrastructure over the last 15 years — is slowing. Brazil, India, Russia, Turkey, South Africa and all the other growing middle-income nations cannot make up for the shortfall in demand. The American machinery of monetary and fiscal stimulus has reached its limits. Japan is sinking into old-age bankruptcy and Europe into welfare-state senescence. The new rulers enthroned in Beijing last year know that after two decades of wild lending, speculation and building, even they will face a day of reckoning, too.
  • what’s at hand is a Great Deformation, arising from a rogue central bank that has abetted the Wall Street casino, crucified savers on a cross of zero interest rates and fueled a global commodity bubble that erodes Main Street living standards through rising food and energy prices — a form of inflation that the Fed fecklessly disregards in calculating inflation.
  • The way out would be so radical it can’t happen. It would necessitate a sweeping divorce of the state and the market economy. It would require a renunciation of crony capitalism and its first cousin: Keynesian economics in all its forms. The state would need to get out of the business of imperial hubris, economic uplift and social insurance and shift its focus to managing and financing an effective, affordable, means-tested safety net.
  • All this would require drastic deflation of the realm of politics and the abolition of incumbency itself, because the machinery of the state and the machinery of re-election have become conterminous. Prying them apart would entail sweeping constitutional surgery: amendments to give the president and members of Congress a single six-year term, with no re-election; providing 100 percent public financing for candidates; strictly limiting the duration of campaigns (say, to eight weeks); and prohibiting, for life, lobbying by anyone who has been on a legislative or executive payroll. It would also require overturning Citizens United and mandating that Congress pass a balanced budget, or face an automatic sequester of spending.
  • It would also require purging the corrosive financialization that has turned the economy into a giant casino since the 1970s. This would mean putting the great Wall Street banks out in the cold to compete as at-risk free enterprises, without access to cheap Fed loans or deposit insurance. Banks would be able to take deposits and make commercial loans, but be banned from trading, underwriting and money management in all its forms.
  • It would require, finally, benching the Fed’s central planners, and restoring the central bank’s original mission: to provide liquidity in times of crisis but never to buy government debt or try to micromanage the economy. Getting the Fed out of the financial markets is the only way to put free markets and genuine wealth creation back into capitalism.
  • If this sounds like advice to get out of the markets and hide out in cash, it is.
Javier E

Barry Latzer on Why Crime Rises and Falls - The Atlantic - 0 views

  • Barry Latzer: The optimistic view is that the late ‘60s crime tsunami, which ended in the mid-1990s, was sui generis, and we are now in a period of "permanent peace," with low crime for the foreseeable future
  • Pessimists rely on the late Eric Monkkonen's cyclical theory of crime, which suggests that the successive weakening and strengthening of social controls on violence lead to a crime roller coaster. The current zeitgeist favors a weakening of social controls, including reductions in incarcerative sentences and restrictions on police, on the grounds that the criminal-justice system is too racist, unfair, and expensive. If Monkkonen were correct, we will get a crime rise before long.
  • the most provocative feature of your book: your belief that different cultural groups show different propensities for crime, enduring over time, and that these groups carry these propensities with them when they migrate from place to place.
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  • this idea and its implications stir more controversy among criminologists than any other. Would you state your position as precisely as possible in this brief space?
  • Latzer: First of all, culture and race, in the biological or genetic sense, are very different. Were it not for the racism of the 18th and 19th centuries, we might not have had a marked cultural difference between blacks and whites in the U.S. But history cannot be altered, only studied and sometimes deplored. 28 28
  • Different groups of people, insofar as they consider themselves separate from others, share various cultural characteristics: dietary, religious, linguistic, artistic, etc. They also share common beliefs and values. There is nothing terribly controversial about this. If it is mistaken then the entire fields of sociology and anthropology are built on mistaken premises.
  • With respect to violent crime, scholars are most interested in a group's preference for violence as a way of resolving interpersonal conflict. Some groups, traditionally rural, developed cultures of “honor”—strong sensitivities to personal insult. We see this among white and black southerners in the 19th century, and among southern Italian and Mexican immigrants to the U.S. in the early 20th century. These groups engaged in high levels of assaultive crimes in response to perceived slights, mainly victimizing their own kind.
  • This honor culture explains the high rates of violent crime among African Americans who, living amidst southern whites for over a century, incorporated those values. When blacks migrated north in the 20th century, they transported these rates of violence. Elijah Anderson's book, The Code of the Streets, describes the phenomenon, and Thomas Sowell, in Black Liberals and White Rednecks, helps explain it. 28 28
  • Theories of crime that point to poverty and racism have the advantage of explaining why low-income groups predominate when it comes to violent crime. What they really explain, though, is why more affluent groups refrain from such crime. And the answer is that middle-class people (regardless of race) stand to lose a great deal from such behavior.
  • Likewise, the lead removal theory. The same "lead-free" generation that engaged in less crime from 1993 on committed high rates of violent crime between 1987 and 1992.
  • Frum: Let’s flash forward to the present day. You make short work of most of the theories explaining the crime drop-off since the mid-1990s: the Freakonomics theory that attributes the crime decline to easier access to abortion after 1970; the theory that credits reductions in lead poisoning; and the theory that credits the mid-1990s economic spurt. Why are these ideas wrong? And what would you put in their place? 28 28
  • both the abortion and leaded-gasoline theories are mistaken because of a failure to explain the crime spike that immediately preceded the great downturn. Abortions became freely available starting in the 1970s, which is also when lead was removed from gasoline. Fast-forward 15 to 20 years to the period in which unwanted babies had been removed from the population and were not part of the late adolescent, early adult, cohort. This cohort was responsible for the huge spike in crime in the late 1980s, early 1990s, the crack cocaine crime rise. Why didn't the winnowing through abortion of this population reduce crime?
  • The cultural explanation for violence is superior to explanations that rest of poverty or racism, however, because it can account for the differentials in the violent-crime rates of groups with comparable adversities
  • As for economic booms, it is tempting to argue that they reduce crime on the theory that people who have jobs and higher incomes have less incentive to rob and steal. This is true. But violent crimes, such as murder and manslaughter, assault, and rape, are not motivated by pecuniary interests. They are motivated by arguments, often of a seemingly petty nature, desires for sexual conquest by violence in the case of rape, or domestic conflicts, none of which are related to general economic conditions
  • Rises in violent crime have much more to do with migrations of high-crime cultures, especially to locations in which governments, particularly crime-control agents, are weak.
  • Declines are more likely when crime controls are strong, and there are no migrations or demographic changes associated with crime rises
  • In short, the aging of the violent boomer generation followed by the sudden rise and demise of the crack epidemic best explains the crime trough that began in the mid-1990s and seems to be continuing even today.
  • Contrary to leftist claims, strengthened law enforcement played a major role in the crime decline. The strengthening was the result of criminal-justice policy changes demanded by the public, black and white, and was necessitated by the weakness of the criminal justice system in the late ‘60s
  • On the other hand, conservatives tend to rely too much on the strength of the criminal-justice system in explaining crime oscillations, which, as I said, have a great to do with migrations and demographics
  • The contemporary challenge is to keep law enforcement strong without alienating African Americans, an especially difficult proposition given the outsized violent-crime rates in low-income black communities.
  • Frum: The sad exception to the downward trend in crime since 1990 is the apparent increase in mass shootings
  • Should such attacks be included in our thinking about crime? If so, how should we think about them? 28 28
  • If we separate out the ideologically motivated mass killings, such as Orlando (apparently) and San Bernardino, then we have a different problem. Surveilling potential killers who share a violent ideology will be extremely difficult but worthwhile. Limiting the availability of rapid-fire weapons with high-capacity ammunition clips is also worth doing, but politically divisive.
  • of course, developments abroad will affect the number of incidents, as will the copycat effect in the immediate aftermath of an incident. This is a complex problem, different from ordinary killings, which, by the way, take many more lives.
Javier E

The National Death Wish - The New York Times - 0 views

  • the mainstream Republican position, is based on the unconscious supposition that American society is like a lake, with a relatively fixed boundary. If you cut the supply of fish coming from outside, there will be more food for the ones born here.
  • The problem is that American society is actually more like a river. Sometimes the river is running high, with a lot of volume and flow, with lots of good stuff for everybody, and sometimes it’s running low.
  • Nationwide, there are now about 200,000 unfilled construction jobs, according to the National Association of Home Builders. If America were as simple as a lake, builders would just raise wages, incomes would rise and the problem would be over.
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  • But that hasn’t happened. Builders have gone recruiting in high schools and elsewhere, looking for people willing to learn building skills, but they’re not having much luck.
  • the labor shortage hasn’t led to higher wages; it’s reduced and distorted the flow of the economic river. There’s less home buying, less furniture buying, less economic activity. People devote a larger share of their income to housing and less to everything else. When builders do have workers, they focus on high-end luxury homes, leaving affordable housing high and dry.
  • The essential point is that immigrants don’t take native jobs on any sort of one-to-one basis. They drive economic activity all the way down the river, creating new jobs in some areas and then pushing native workers into more complicated jobs in others.
  • Construction is hard, many families demean physical labor and construction is highly cyclical. Hundreds of thousands of people lost construction jobs during the financial crisis and don’t want to come back. They want steadier work even at a lower salary.
  • A comprehensive study of non-European Union immigrants into Denmark between 1991 and 2008 found that immigrants did not push down wages, but rather freed natives to do more pleasant work.
  • An exhaustive U.S. study by the National Academy of Sciences found that immigration didn’t drive down most wages, but it had a “very small” and temporary effect on native-born workers without a high school degree.
Javier E

Niall Ferguson: Great Britain Saves Itself by Rejecting the EU - The Daily Beast - 0 views

  • This, in sum, is the founding charter of the United States of Europe. Notice two problems however. First, it is not clear how the European Commission, Council, and Court can act in this way, policing a 23-member fiscal union that is not covered by any treaty. Second, the balanced-budget rule is nuts. As it stands, it’s a recipe for excessive rigidity in fiscal policy
  • In the past few months, incompetent leadership has brought the euro-zone economy, and with it the world economy, to the edge of a precipice strongly reminiscent of 1931. Then, as now, it proved impossible to arrive at sane debt restructurings for overburdened sovereigns. Then, as now, bank failures threatened to bring about a complete economic collapse. Then, as now, an excessively rigid monetary system (then the gold standard, now the euro) served to worsen the situation.
  • For some time it has been quite obvious that the only way to save the monetary union is to avoid the mistakes of the 1930s. That means, first, massive quantitative easing (bond purchases) by the European Central Bank to bring down the interest rates (yields) currently being paid by the Mediterranean governments; second, restructuring to reduce the absolute debt burdens of these governments; third, the creation of a new fiscal mechanism that transfers resources on a regular basis from the core to the periphery; and finally the recapitalization of the ailing banks of the euro zone.
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  • the euro zone is about to repeat history. In the absence of sufficient resources for the new federal model, the new rules about budgets (and bank capital) are going to lead to pro-cyclical fiscal and monetary policies, deepening rather than alleviating the economic contraction we are witnessing.
  • if David Cameron can succeed in isolating Britain from the disaster that is unfolding on the continent, he deserves only our praise.
  • Last month I warned that the disintegration of the European Union was more likely than the death of the euro. You now see what I meant. The course on which the continent has now embarked means not just the creation of a federal Europe, but a chronically depressed federal Europe. The Eurocrats have exchanged a Stability and Growth Pact—which was honored only in the breach—for an Austerity and Contraction Pact they intend to stick to. The United Kingdom has no option but to dissociate itself from this collective suicide pact, even if it strongly increases the probability that we shall end up outside the EU altogether.
Javier E

How Austerity Has Failed by Martin Wolf | The New York Review of Books - 0 views

  • Austerity came to Europe in the first half of 2010, with the Greek crisis, the coalition government in the UK, and above all, in June of that year, the Toronto summit of the group of twenty leading countries. This meeting prematurely reversed the successful stimulus launched at the previous summits and declared, roundly, that “advanced economies have committed to fiscal plans that will at least halve deficits by 2013.”
  • This was clearly an attempt at austerity, which I define as a reduction in the structural, or cyclically adjusted, fiscal balance—i.e., the budget deficit or surplus that would exist after adjustments are made for the ups and downs of the business cycle.
  • The cuts in these structural deficits, a mix of tax increases and government spending cuts between 2010 and 2013, will be around 11.8 percent of potential GDP in Greece, 6.1 percent in Portugal, 3.5 percent in Spain, and 3.4 percent in Italy.
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  • The picture in the eurozone is worse: its economy expanded by 2 percent between 2009 and 2010. It is now forecast to expand by a mere 0.4 percent between 2010 and 2013. Austerity has put the crisis-hit countries through a wringer, with huge and ongoing recessions. Rates of unemployment are more than a quarter of the labor force in Greece and Spain (see figure 2).
  • it did not have to be this way.1. The creditor countries, particularly Germany, could have recognized that they were enjoying incredibly low interest rates on their own public debt partly because of the crises in the vulnerable countries. They could have shared some of this windfall they enjoyed with those under pressure. 2. The needed adjustment could have been made far more symmetrical, with strong action in creditor countries to expand demand. 3. The European Central Bank could have offered two years earlier the kind of open-ended support for debt of hard-pressed countries that it made available in the summer of 2012. 4. The funds made available to cushion the crisis could have been substantially larger. 5. The emphasis could then have been more on structural reforms, such as easing labor regulations and union protections that restrain hiring and firing and raise labor costs, and less on fiscal retrenchment in the form of reduced spending. Reduced labor costs could have made these nations’ export industries more competitive and encouraged domestic hiring.
Grace Gannon

Here's what happens when oil prices crash - and it's not pretty for producers - 0 views

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    This article describes the boom and bust industry of oil prices: Oil prices tend to be cyclical, so when the downturn comes, the party ends. During the oil price decline of the 1980s, most oil-dependent countries suffered the consequences of the resulting collapse in investment and consumption. A few, such as Oman and Malaysia, were able to compensate for the price collapse by increasing production, but many oil exporters suffered, also due to the production cuts agreed by Opec.
Javier E

I was wrong on climate change. Why can't other conservatives admit it, too? - The Washi... - 0 views

  • I used to be a climate-change skeptic. I was one of those conservatives who thought that the science was inconclusive, that fears of global warming were as overblown as fears of a new ice age in the 1970s, that climate change was natural and cyclical, and that there was no need to incur any economic costs to deal with this speculative threat.
  • I no longer think any of that, because the scientific consensus is so clear and convincing.
  • “Observations collected around the world provide significant, clear, and compelling evidence that global average temperature is much higher, and is rising more rapidly, than anything modern civilization has experienced, with widespread and growing impacts.”
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  • “annual average temperatures have increased by 1.8°F across the contiguous United States since the beginning of the 20th century” and that “annual median sea level along the U.S. coast . . . has increased by about 9 inches since the early 20th century as oceans have warmed and land ice has melted.”
  • he National Climate Assessment warns that global warming could cause a 10 percent decline in gross domestic product and that the “potential for losses in some sectors could reach hundreds of billions of dollars per year by the end of this century.” Iowa and other farm states will be particularly hard hit as crops wilt and livestock die.
  • Compared with the crushing costs of climate change, the action needed to curb greenhouse-gas emissions is modest and manageabl
  • a carbon tax would increase average electricity rates from 17 cents to 18 cents per kilowatt-hour. The average household, he writes, would see spending on energy rise “only about $35 per month.” That’s not nothing — but it’s better than allowing climate change to continue unabated
  • I’ve owned up to the danger. Why haven’t other conservatives? They are captives, first and foremost, of the fossil fuel industry, which outspent green groups 10 to 1 in lobbying on climate change from 2000 to 2016. But they are also captives of their own rigid ideology
Javier E

The 'Great Repression' is here and it will make past downturns look tame, economist say... - 0 views

  • In the “base case” for the U.S. economy, published by his firm, Rosenberg Research, the economy “reopens” in May, in a staggered approach across industries and regions. There are “periodic setbacks in terms of COVID-19 case counts…sufficient to make people less comfortable and confident about spending than they did prior to the crisis. A vaccine is not developed in this forecast, but treatment that alleviates the worst respiratory symptoms” is developed within the next six months, he writes.
  • A 30% contraction in real gross domestic product in the second quarter, negative year-over-year consumer price growth for 5 quarters, and an unemployment rate of 14.2% by the end of 2020, averaging 13% throughout 2021.
  • Investors in high-yield debt run for the doors, leaving those bonds more than 700 basis points more expensive than Treasurys at the end of this year.
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  • Rosenberg assumes stocks sink 30% in the coming months, then spend most of the next 18 months grinding higher to valuations about 10% lower than today’s levels.
  • Rosenberg also lays out a “best case,” which depends on a vaccine or treatment emerging in the next six to 12 months. That outlook includes an unemployment rate averaging about 9% for the next two years, a stock-market bottom of 2,500 for the S&P 500 in Q2, and a cyclical low of 29 basis points for the 10-year note in 2021.
  • The “worst-case” scenario is grim. It involves no vaccine, no treatment, and a second wave coronavirus outbreak next winter that severely saps business and household confidence. In this outlook, the jobless rate hits 20% — and averages 17.5% through 2021.
  • Outright deflation takes hold. “Think about what years of no pricing power is going to do to those corporate cash flows in the future,” Rosenberg writes. “Even government intervention is capable of suffering from the laws of diminishing demand. Japan is a classic template.”
  • But there’s a lot more damage done to the stock market. The S&P 500 bottoms at 1,800 in the second quarter and averages only 2,200 throughout 2021.
anonymous

Key takeaways from President Biden's first news conference - BBC News - 0 views

shared by anonymous on 26 Mar 21 - No Cached
  • Biden's performance was more akin to a cautious walk across a not-quite-frozen lake. Every step was careful and calculated, lest an unexpected crack led to a dark, icy fate.
  • At one point, in an answer about the filibuster - an arcane Senate rule that has thwarted many a president's ambitious agenda - Biden appeared to lose his train of thought, ending his sentence with the wave of a hand.It wasn't exactly a bravura performance, but conservatives have set the bar so low for Biden's coherence, that as in the presidential debates, Biden was able to surpass most expectations.
  • He led with a newsworthy promise that, by his 100th day in office, healthcare workers will have distributed 200 million vaccination jabs (that's very good news, although the US still lags behind some other countries when comparing the number of jabs done relative to the size of the population).
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  • Reporters didn't spend any time asking about the pandemic or the economy after that, which was another big clue that the Biden administration has - at least in their minds - done a good job addressing the biggest challenge of his presidency so far.
  • One topic Biden was repeatedly pressed on by reporters was the deteriorating situation at the US-Mexico border, as a growing number of undocumented migrants - including unaccompanied children - are being detained by US border patrols.
  • he blamed Trump for cutting aid to Central American countries that could have address the root causes of humanitarian crisis. He said the surge in entries was cyclical in nature and not a result of immigrants believing he was a "nice guy" who would let them in. He also promised that if the processing of children at the border wasn't improved, he'd start firing people.
  • When one journalist offered a laundry list of topics that Biden might tackle next, and asked how he would work with Republicans to accomplish them, Biden at first deferred. Immigration, gun control, voting rights, climate change - those were all "long-term problems," he said.
  • Of all the potential items on Biden's agenda, infrastructure could be the most likely to get some Republican support, which - after a partisan pandemic aid bill - might be why it has moved up the president's list.
  • There was scant talk on foreign policy for much of the afternoon, but the subject did occasionally come up. Biden said it was unlikely that the US would be out of Afghanistan by the 1 May deadline, but that in a year he "can't picture" troops being there in 2022.
  • On China, the president tried to talk down the growing war of words between the two nations. "I'm not looking for a confrontation," he said - but, in nearly the same breath, added that he criticised the country's polices and pledged that China from was not going to become the most powerful country in the world "on my watch".
  • Biden, who was coy about his 2024 plans before last year's election, was asked if he intended to run for re-election. He said it was his "intention" to do so - and to keep Kamala Harris as his running mate (the fate of vice-presidents is another popular topic in Washington).
rerobinson03

Opinion | We've Spent Over a Decade Researching Guns in America. This Is What We Learne... - 0 views

  • Gun violence did not go away during 2020. Gun homicides jumped 25 percent from the year before, apparently fueled in part by a rise in intimate-partner violence. Some people have approached the possibility of becoming a victim of violence, including anti-Asian hate crime, with what could be characterized as an act of anticipatory trauma: purchasing a firearm. This isn’t unprecedented. Americans have long turned to firearms as both a last (if not first) resort for addressing uncertainty, precarity and insecurity in a country that largely lacks a collective social safety net.
  • This trauma has a broad toll, unevenly borne. More than 240,000 students (including a disproportionate number of Black students) have experienced gun violence at school since the 1999 Columbine shooting, while socioeconomically underserved communities of color disproportionately bear the brunt of gun violence. Black boys and young men ages 15 to 34 are more than 20 times more likely to die of gun homicide than their white counterparts.
  • Many people recognized that the lull in mass public shootings during 2020 brought on by the pandemic response would eventually end. The violence that we have seen in the past two weeks in the Atlanta area and Boulder points us to a different kind of gun debate — one that recognizes the cyclical nature of gun trauma while also recognizing that many gun policies are also counterproductive. Policies that purport to end the trauma of gun violence by increasing the punitive surveillance of individuals with mental illness, increasing police presence and surveillance of students at schools or bringing more people into contact with the criminal justice system may ultimately create more, if different, trauma.
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  • Approaching guns from the perspective of trauma will require some imagination — and some courage. In the days and weeks to come, we will be tempted to double down on our usual agendas and party lines. We should embrace evidence-based policies to reduce gun violence. But we can’t stop there. Addressing gun violence in the spaces where we live our lives — our grocery stores, our workplaces, our schools, our streets and our homes — requires addressing the damage gun trauma inflicts on our souls, retooling our familiar agendas, letting go of partisanship and remembering that we share a basic vulnerability as humans that can unite us or, if we choose, divide us further.
anonymous

Biden says "nothing has changed," but numbers of child migrants on record pace : NPR - 0 views

  • President Biden claimed Thursday in his first press conference since taking office that "nothing has changed" compared to earlier influxes of migrants and unaccompanied children at the border.
  • The Biden administration has been grappling with surging numbers of migrants, especially children arriving at the border without their parents. It is true, as Biden states, that numbers often rise during the early months of the year when temperatures begin to warm. But the number of children arriving today without their parents is considerably higher than at the same time in 2019 and 2020.
  • In fact, the number of unaccompanied children being apprehended by the Border Patrol were higher in February than they've been any previous February since 2014, according to data shared with NPR by the nonpartisan Migration Policy Institute.
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  • Authorities encountered 9,297 children without a parent in February, a 30% increase from 2019 during the last major influx of unaccompanied children. To be sure, it's still below the peaks of 11,000 unaccompanied minors who arrived in May 2019 and above 10,000 in June 2014, but experts and administration officials expect those records to be broken this year.
  • Homeland Security Secretary Alejandro Mayorkas said last week that U.S. agents are on pace to intercept more migrants on the southwest border in 2021 than they have in the last two decades.The reasons for the influx of migrants from Central America are vast and complex. They are also deeply personal for each family who chooses to leave their home.
  • Jessica Bolter, an analyst at the Migration Policy Institute, says they involve a mix of longstanding factors, such as poverty and corruption, as well as new factors such as two recent hurricanes and widespread unemployment due to the pandemic.
  • U.S. Customs and Border Protection agents apprehended an average of 5,000 undocumented immigrants per day over the past 30 days, including about 500 unaccompanied children, according to a senior Border Patrol official who spoke to reporters on Friday.
  • The official said the influx was "much different" than previous years, citing the large number of unaccompanied children and families traveling. As of Wednesday, more than 5,000 unaccompanied migrant children and teens were stuck in Border Patrol facilities waiting for beds in more appropriate shelters built for children, according to Department of Homeland Security data viewed by NPR.
  • The Border Patrol official told reporters Friday that agents are trying to discharge the children from warehouses and jail-like holding cells as quickly as possible, but there's a bottleneck because the government can't open child shelters run by the Department of Health and Human Services fast enough to accommodate everyone who's crossing.
  • The Biden administration is working with other agencies trying find more bed space. They're using places like the San Diego Convention Center to hold unaccompanied minors so they're not sleeping in cells on the border. The challenges in Central America – and at the border – have become cyclical.
  • Like under previous presidents, the Biden administration was not prepared to shelter this many arriving children. But Bolter questions whether this is some kind of a new "crisis." She says this part of the same flow of migrants that the United States has been experiencing over the last decade.
  • Up until 2012, the vast majority of apprehensions at the southwest border were of young Mexican males coming across to find work in the United States. Two years later, the majority of cases coming across the southwest border were from Central America and were a mix people, families and unaccompanied children.
  • The Biden administration also has long term plans to deal more directly with these issues in Central America. They include developing more legal avenues to seek asylum so that migrants don't feel they have to choose illegal avenues. And Biden just sent three top officials to Mexico and Guatemala as part of efforts to tackle the root causes of migration, something he also just tasked Vice President Harris with leading.
  • He told NPR's Steve Inskeep Friday that the administration wants to help countries in the region create the right environment for international investment that drives economic prosperity, but also has ways to encourage better behavior from money launderers and other corrupt officials.
delgadool

In Nevada, Unemployed Workers Wait for Aid That Will Still Not Be Enough - The New York... - 0 views

  • No state’s work force has been battered as badly by the coronavirus pandemic as Nevada’s, and people are especially struggling in Las Vegas, a boom-and-bust city where tourist dollars and lavish tips have given way to shuttered hotels and weed-strewn parking lots.
  • Las Vegas has the highest unemployment rate among large cities, with more than 10 percent out of work, according to the Bureau of Labor Statistics, and over the last year the work force in Nevada has lost more income than in any other state.
  • “I feel pretty scared every day, right now, whenever I think about my bills,”
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  • Roughly one million Nevada residents, some 45 percent of adults in the state, have fallen behind on basic household expenses, according to an analysis by the Center on Budget and Policy Priorities, a liberal research group.
  • “I struggle so much, I lie awake in bed calculating what I can pay this time, what can wait a little longer?” she said.
  • Even as infection rates decline, there are signs that the economy could sour again — nearly 100,000 fewer residents in the state had jobs last month compared to February of last year. Employment is even worse for low-wage workers, dropping some 23 percent among residents who earn less than $27,000 a year, according to the Center for American Progress. Claims for unemployment insurance are more than triple what they were in 2019, the study found.
  • “I have not asked for much my entire life, but now we need the help,” Ms. Rodriguez said.
  • The short bursts of cash from stimulus checks create a cyclical living experience, as the relief of being able to make some payments or buy food gives way to the anxiety of bills to come.
  • “I came here to work, and I devoted my life to this community,” she said, as tears streaked her cheeks. “This is our life that we have, and we cannot always rely on handouts.”
anonymous

Deaths Of Migrant Children Haunt Former Official As Border Surge Increases : NPR - 0 views

  • Seeing the growing number of minors held in jail-like facilities near the U.S.-Mexico border, John Sanders can't help thinking of Carlos Gregorio Hernandez Vasquez.
  • Hernandez died of complications from the flu. So did Felipe Gomez Alonzo, 8, another child whom Sanders thinks about a lot. Jakelin Caal, 7, died of a bacterial infection.Sanders said kids who arrive at the border facilities are already physically and emotionally strained after weeks — if not months — of traveling under very difficult conditions.
  • At least five children died in custody or after being detained by federal immigration agents at the border during that surge in 2018 and 2019, when as many as 2,600 children were being held in border facilities.
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  • The U.S. government had more than 4,200 unaccompanied migrant children in its custody as of Sunday, according to a Department of Homeland Security document obtained by NPR.
  • The children are spending an average of 117 hours in detention facilities before being moved to more hospitable shelters run by the Department of Health and Human Services — far longer than the 72 hours allowed by law.
  • The 16-year-old boy from Guatemala died in the care of U.S. Customs and Border Protection during the last record-breaking detention of unaccompanied minors during the Trump administration, when Sanders led the agency
  • Back in 2019, Long served as a detention monitor for the legal team that advocated for the children in court. She testified to Congress at the time about sick kids sleeping in cells and older children caring for younger ones.
  • She largely blames the Trump administration for hollowing out what little infrastructure existed to handle these cyclical flows of unaccompanied minors.But Long also raises concerns about transparency in President Biden's administration and questions why detention monitors like herself have been blocked from seeing certain areas of concerning facilities.
  • David Lapan, a former senior official in Trump's Department of Homeland Security, said the former president was more focused on sending a message about enforcement than caring for the children.
  • Sanders, the former acting CBP commissioner, quit the Trump administration in the midst of the last border crisis.He described the deaths of children on his watch as a transformational experience and now works with an organization, Glasswing International, that works to address the root causes of migration in Central America.
Javier E

Tyranny of the minority - The Triad - 0 views

  • Anyone who has ever written about politics and has used the shorthand “democracy” for our system of government has received a lovely reader email reminding us that yes, America is a rEpUbLiC, not a democracy
  • And yes, dear reader, that is true. But a healthy and successful republic requires the faith and trust and consent of the governed. If, in large enough numbers, they believe the game is rigged or unfair the system begins to break down
  • For better (in most cases) or worse, our democratic republic over the last 250 or so years has inched more towards the democratic because it’s what the people demanded. 
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  • I want you to step back and look at our republic through the eyes of a 21 year old who lives in a median American city and who wasn’t educated about our infallible nation by the new Patriotic Common Core Curriculum.
  • They were born in 1999. Two of the three presidents in their lifetime were elected by minority vote. The only one who was twice elected with a majority vote was denied the opportunity to nominate a Supreme Court justice based on some quite shaky arcana and phony rule-making that they think was largely political bullshit
  • The president they know the best has a complete disregard for the law or political norms, received about 3 million fewer votes than his opponent, had the help of a foreign enemy, was impeached for soliciting illicit foreign help again and not removed from office. After all that, he did exactly the thing that his party said the black president who had actually received a majority vote couldn’t do in an election year.
  • Pretty much every person this 21 year old knows is looking for a job in one of the dynamic largely democratic cities where all the growth is in the country but most of these enclaves have minimal national political power and their vote is irrelevant. In the Senate, the Republicans hold a majority of the seats representing states that make up a minority of the country
  • Nate Silver tells them that for Joe Biden to be assured to win the electoral college he needs to win the popular vote by about 5 points. 5 points!
  • So, I recognize things are cyclical and there are hypothetical political realignments that could benefit the Democrats. And, yes, I recognize and support our system of checks and balances. But we need to balance that structure against a body politic that believes they are represented or else they are either going to restructure it or burn the whole thing down. 
  • I found that everyone else pretty much landed in the same place. Whether it was the increasing view that we have lost the rope on the climate catastrophe, or that our political system was faltering, or that some of our biggest tech innovators are actually doing more harm to society than good, or that the country poised to supplant us in global dominance is an evil and repressive regime or some combination of it all… There was just this sense that something has shifted, that we have crossed a threshold and maybe our best days are actually behind us.
  • as a general matter at the time I believed 2015 was probably the best or one of the best years in human history and that 2035 would probably be even better. 
  • I was thinking about your comments on The Next Level about the conservative movement.  I know you're still trying to figure out "what happened" because I've also been trying to figure out what happened and how I didn't see it.
  • I am not sure how much "fault" there is, but I think a big problem was that a large part of the conservative base thought that [conservative elites] were dog whistling when we were on the level.
  • Conservatives three decades ago talked about Western Civilization and Great Books.  In retrospect, it's amazing to me to think that people really thought the conservative base was interested in things like Aristotle or Shakespeare or Beethoven.  (I was very naive.) 
  • We talked about “markets” and the wisdom of the masses—and then a plague hits and people scoff at basic safety measures.
  • We said “personal responsibility”—and they heard that African Americans were poor because they deserved it.
  • If I had to do it over again, I am not sure I would have figured out the problem any faster.  I would not have imagined that so many people were faking it.  It wasn't an intellectual error so much as being a poor judge of character. 
  • Which is funny—because we conservatives thought we had such a hard-headed view of human nature.
  • But all along it turned out that we were deeply sentimental in wanting to believe that “like-minded” people cared about the same things we did, for the same reasons.
Javier E

Opinion | Putin Can't Escape History - The New York Times - 0 views

  • Yegor Gaidar, the wunderkind who shaped the first post-Communist reforms in Russia, mulled on this cyclical pattern in an article in the newspaper Izvestia in 1994, wondering — as did many in Russia and in the West at the time — whether the pattern would repeat itself after the collapse of the Soviet Union. “Russia’s race for a place in the civilized world recalls Achilles’ chase after the tortoise,” Gaidar wrote. “Through superhuman effort, Russia would manage to catch up and overtake, especially in military technology. Yet the world would unnoticeably but steadily move on, and again after disgraceful and tortuous setbacks the country would regroup for a leap and make another lurch, and everything would be repeated.”
  • Nearly 30 years later, Vladimir Putin’s ruthless efforts to reconstitute a Great Russia by brute force, in the process mauling Ukraine with shocking cruelty and weakening his own country for decades to come, appear to be falling into Gaidar’s pattern
  • Mr. Putin’s strongest pitch, that “losing” Ukraine represents a humiliating demotion of Russia the superpower, still resonates among people who were raised on the Soviet ethos, in which empire was a far stronger bond than nationalism.
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  • Before the announcement of the recent mass conscription, which was followed by the declaration of martial law in Russian-occupied areas of Ukraine, about 30 percent of Russians who were asked by a pro-Kremlin pollster to describe the predominant mood of people around them said they were anxious. Since the decree, that number has risen to 69 percent.
  • as the invasion has dragged on, Mr. Putin has had to shout “Wolf!” ever more stridently.
  • With little experience of democracy, Russians have traditionally been content to entrust their government to a strong “khoziayin,” or master, so long as he provides stability and seems to know what he’s doing. But if that contract is violated, as Russia’s greatest poet, Alexander Pushkin, warned in a quote every Russia knows by heart, “God save us from seeing a Russian revolt, senseless and merciless.”
  • He has drawn liberally on his rewriting of Russian history and culture — as he did again in the Valdai speech, citing, among others, Solzhenitsyn and Dostoyevsky — to claim a spiritual superiority over a West he sees as decadent and decaying. Never mind that these two writers were both repressed by the state, Soviet and czarist, and that Russia is widely perceived as a kleptocracy.
  • There is no soft power in this equation, no appreciation of reasons Ukraine might be more attracted to Europe than to Russia, but only spheres of control parceled out according to rules of conquest and control that the West rejected after World War II. The longings of the Ukrainians have no part in this; Russia’s — Mr. Putin’s — mission is to return to Russia what is Russia’s by right of might
  • it is becoming evident that Mr. Putin, increasingly isolated during the Covid pandemic, was led to believe by his sycophantic lieutenants that a quick invasion would promptly topple the Kyiv government and herd Ukraine back into the fold, and that the West was too far gone to do anything about it.
Javier E

Timothy Keller: Becoming Stewards of Hope-Part 1 - outreachmagazine.com - 0 views

  • Imagine if you were middle-aged in 1948. You’d have lived through a worldwide influenza pandemic, two world wars and an economic depression all within the space of about 40 years. Life seemed fragile. It felt like anything could happen. Nothing seemed secure.
  • I was born two years after Auden’s Pulitzer, in 1950. The feeling was that even if there were, say, an economic downturn, things would be better afterward than they had been before. We just assumed that our lives and society were going to get better and better. There was a long period in the second half of the 20th century, in which the anxiety that had defined the first half went away. For a couple generations we lived largely free of insecurity about the world in which we lived.
  • Christian distinctives push against culture. But then we go into the culture with our hope. We simply try to be Christians in the culture, living with integrity and compassion
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  • That was a very new idea, this idea of progress. It is not the way most people in history have understood their times. Most ancient peoples either saw history as cyclical or as declining from a past golden age. Nobody thought that humanity’s best years were ahead. Nisbet said that this idea came originally out of Christianity, but then during the Enlightenment it had been secularized.
  • Instead of seeking to ground that optimism in the fact that God has the future in his hands, we collectively said, “No, we’ve got the future in our hands.” That particular story about the human race, which is a modern and Western story, started to lose altitude in the first part of the 20th century. Although there was a small uptick, it went on life support as decades passed. I would say it’s really dying now.
  • Mark Lilla has written a couple of interesting books, one on the conservative mind and one on the liberal mind
  • conservatives have a nostalgia for the past. They feel like things are getting worse. Liberals and progressives have the opposite perspective. They see the past as being horrible. They think our hope is in the future. Even Lilla, who is not a believer, noted that Christianity had a different story than either. He observed that Saint Augustine’s book The City of God rejected both conservative and liberal perspectives.
  • Augustine believed that “the city of man” is bad and “the city of God” is good, and that eventually the city of God is going to supplant the city of man. He said you cannot identify any particular political order or any particular city of man with the city of God, and that our true hope lies in the new heavens and earth of the future. That gets rid of the conservative idea that that everything in the past was better and there is no hope. However, it also gets rid of the liberal idea that if we all just pull ourselves together we can bring about the city of God on earth. It gives us a chastened hope for the future rather than a utopian one.
  • Steven Pinker, a Harvard psychologist, observes that empirically we are living healthier and longer lives. Nevertheless, people feel more culturally and emotionally dislocated than ever. Younger generations are experiencing far more depression and anxiety than those that came before them. We can feel the cultural anxiety today. There’s a real pessimism about the future that I’ve not seen in my lifetime. We find ourselves in a new age of anxiety.
  • The gospel creates virtues in Christians. If Christians multiply in the culture, we can work for a more just society. And even if we do not immediately bring about a perfectly just society, we have the hope that eventually that’s going to be established on earth by God.
  • We do not have to become the darkness to bring this about. We do not have to say, “Well, we have to break eggs to make an omelet.” We do not have to trample on people because we think that is our only hope for a better world. It is not
  • We can remain faithful in our hope, even if it means that we ourselves do not necessarily see the immediate success we want. To be hopeful means to do what we are supposed to do because our eventual prospects are certain.
  • In English, hope can mean the opposite of the biblical sense—to be uncertain. If you say, “I know it’s going to happen,” that is certainty. If you say, “I hope it will happen,” that is uncertainty
  • My son Jonathan is an urban planner. In his mind, he has all these exciting ideas about what a great city would look like. Well, as a Christian, he realizes that in his entire life he may only get one “leaf” done of his beautiful vision. We all face that reality. Nevertheless, we live with the hope that there will be a tree. There will be a city. There is going to be a just society. Beauty will be here. Poverty and war will be gone. We are not the saviors. Instead, hope can set us free from both the despair of nihilism and the naivety of utopianism.
  • The word hope in English has declined in meaning. We use it as if it were a pleasant wish. What you are describing, like the Bible’s definition, is obviously richer.
  • We have a translation problem. Like the word shalom, which is usually translated into English as “peace.
  • There is a famous short story by J.R.R. Tolkien called “Leaf by Niggle.” Niggle is a painter who spends his entire life trying to paint a mural of a tree. By the end of his life, he has only gotten one leaf completed. Then he dies. But when he gets to heaven, he sees the tree that was always there in his mind. That is the way of the Christian
  • The Greek word elpis means assurance of the future—assured anticipation. You are sure of your hope. Quite the opposite of how we typically use the word in English.
  • Eventually everybody will get to the place where it matters personally whether the resurrection of Jesus Christ really happened. Because if it did, then there is hope for you, no matter what happens
  • I did not want to try to redo what N.T. Wright did. He wrote what is in my opinion the best book on the resurrection in the last 100 years, The Resurrection of the Son of God. He traces significant evidence that the resurrection accounts were not merely made up. They have all the marks of historic eyewitness testimony—including bizarre details no one would include in a fictional account.
  • Wright said there were only two ways that people had ever thought of resurrection before Jesus. The first was as resuscitation—like Lazarus. The person was dead, then something miraculous happens and he gets up out of the tomb, in which case you recognize him because he still looks the same, right? The second idea of resurrection is of the transformation of the person into an angelic or radiant being. But the idea that Jesus Christ was raised from the dead as recognizable, yet somehow different from the way he had looked before his death (so much so that even his closest friends didn’t at first recognize him) is so utterly counterintuitive. No one would have made that up.
  • Why does the resurrection matter? Well, as one reason among billions, because I have cancer. Because one of the things you do when you have cancer is ask how you are going to deal with it. That experience has required that I increase my hope, by reading the Word, especially on the resurrection of Jesus. Because if he were raised from the dead, then basically, it is going to be OK. If he were raised from the dead, then Christianity is basically right, and the hope it gives is an infallible hope.
  • as a mortal person facing his own death, the resurrection brings perspective to our theology. At this stage in my life, I am looking at the big things of which I can be sure
  • when it comes to the resurrection? If I am sure of that, then I am OK. I can handle anything that life—or death—throws at me.
Javier E

'We will coup whoever we want!': the unbearable hubris of Musk and the billionaire tech... - 0 views

  • there’s something different about today’s tech titans, as evidenced by a rash of recent books. Reading about their apocalypse bunkers, vampiric longevity strategies, outlandish social media pronouncements, private space programmes and virtual world-building ambitions, it’s hard to remember they’re not actors in a reality series or characters from a new Avengers movie.
  • Unlike their forebears, contemporary billionaires do not hope to build the biggest house in town, but the biggest colony on the moon. In contrast, however avaricious, the titans of past gilded eras still saw themselves as human members of civil society.
  • The ChatGPT impresario Sam Altman, whose board of directors sacked him as CEO before he made a dramatic comeback this week, wants to upload his consciousness to the cloud (if the AIs he helped build and now fears will permit him).
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  • Contemporary billionaires appear to understand civics and civilians as impediments to their progress, necessary victims of the externalities of their companies’ growth, sad artefacts of the civilisation they will leave behind in their inexorable colonisation of the next dimension
  • Zuckerberg had to go all the way back to Augustus Caesar for a role model, and his admiration for the emperor borders on obsession. He models his haircut on Augustus; his wife joked that three people went on their honeymoon to Rome: Mark, Augustus and herself; he named his second daughter August; and he used to end Facebook meetings by proclaiming “Domination!”
  • as chronicled by Peter Turchin in End Times, his book on elite excess and what it portends, today there are far more centimillionaires and billionaires than there were in the gilded age, and they have collectively accumulated a much larger proportion of the world’s wealth
  • In 1983, there were 66,000 households worth at least $10m in the US. By 2019, that number had increased in terms adjusted for inflation to 693,000
  • Back in the industrial age, the rate of total elite wealth accumulation was capped by the limits of the material world. They could only build so many railroads, steel mills and oilwells at a time. Virtual commodities such as likes, views, crypto and derivatives can be replicated exponentially.
  • Digital businesses depend on mineral slavery in Africa, dump toxic waste in China, facilitate the undermining of democracy across the globe and spread destabilising disinformation for profit – all from the sociopathic remove afforded by remote administration.
  • on an individual basis today’s tech billionaires are not any wealthier than their early 20th-century counterparts. Adjusted for inflation, John Rockefeller’s fortune of $336bn and Andrew Carnegie’s $309bn exceed Musk’s $231bn, Bezos’s $165bn and Gates’s $114bn.
  • Zuckerberg told the New Yorker “through a really harsh approach, he established two hundred years of world peace”, finally acknowledging “that didn’t come for free, and he had to do certain things”. It’s that sort of top down thinking that led Zuckerberg to not only establish an independent oversight board at Facebook, dubbed the “Supreme Court”, but to suggest that it would one day expand its scope to include companies across the industry.
  • Any new business idea, Thiel says, should be an order of magnitude better than what’s already out there. Don’t compare yourself to everyone else; instead operate one level above the competing masses
  • Today’s billionaire philanthropists, frequently espousing the philosophy of “effective altruism”, donate to their own organisations, often in the form of their own stock, and make their own decisions about how the money is spent because they are, after all, experts in everything
  • Their words and actions suggest an approach to life, technology and business that I have come to call “The Mindset” – a belief that with enough money, one can escape the harms created by earning money in that way. It’s a belief that with enough genius and technology, they can rise above the plane of mere mortals and exist on an entirely different level, or planet, altogether.
  • By combining a distorted interpretation of Nietzsche with a pretty accurate one of Ayn Rand, they end up with a belief that while “God is dead”, the übermensch of the future can use pure reason to rise above traditional religious values and remake the world “in his own interests”
  • Nietzsche’s language, particularly out of context, provides tech übermensch wannabes with justification for assuming superhuman authority. In his book Zero to One, Thiel directly quotes Nietzsche to argue for the supremacy of the individual: “madness is rare in individuals, but in groups, parties, nations, and ages it is the rule”.
  • In Thiel’s words: “I no longer believe that freedom and democracy are compatible.”
  • This distorted image of the übermensch as a godlike creator, pushing confidently towards his clear vision of how things should be, persists as an essential component of The Mindset
  • In response to the accusation that the US government organised a coup against Evo Morales in Bolivia in order for Tesla to secure lithium there, Musk tweeted: “We will coup whoever we want! Deal with it.”
  • For Thiel, this requires being what he calls a “definite optimist”. Most entrepreneurs are too process-oriented, making incremental decisions based on how the market responds. They should instead be like Steve Jobs or Elon Musk, pressing on with their singular vision no matter what. The definite optimist doesn’t take feedback into account, but ploughs forward with his new design for a better world.
  • This is not capitalism, as Yanis Varoufakis explains in his new book Technofeudalism. Capitalists sought to extract value from workers by disconnecting them from the value they created, but they still made stuff. Feudalists seek an entirely passive income by “going meta” on business itself. They are rent-seekers, whose aim is to own the very platform on which other people do the work.
  • The antics of the tech feudalists make for better science fiction stories than they chart legitimate paths to sustainable futures.
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