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Javier E

Opinion | We Are Suddenly Taking On China and Russia at the Same Time - The New York Times - 0 views

www.nytimes.com/...na-semiconductors-exports.html

china us rivalry thucydides

shared by Javier E on 14 Oct 22 - No Cached
  • “The U.S. has essentially declared war on China’s ability to advance the country’s use of high-performance computing for economic and security gains,” Paul Triolo, a China and tech expert at Albright Stonebridge, a consulting firm, told The Financial Times. Or as the Chinese Embassy in Washington framed it, the U.S. is going for “sci-tech hegemony.”
  • regulations issued Friday by President Biden’s Commerce Department are a formidable new barrier when it comes to export controls that will block China from being able to buy the most advanced semiconductors from the West or the equipment to manufacture them on its own.
  • The new regulations also bar any U.S. engineer or scientist from aiding China in chip manufacturing without specific approval, even if that American is working on equipment in China not subject to export controls. The regs also tighten the tracking to ensure that U.S.-designed chips sold to civilian companies in China don’t get into the hands of China’s military
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  • maybe most controversially, the Biden team added a “foreign direct product rule” that, as The Financial Times noted, “was first used by the administration of Donald Trump against Chinese technology group Huawei” and “in effect bars any U.S. or non-U.S. company from supplying targeted Chinese entities with hardware or software whose supply chain contains American technology.”
  • This last rule is huge, because the most advanced semiconductors are made by what I call “a complex adaptive coalition” of companies from America to Europe to Asia
  • The more we push the boundaries of physics and materials science to cram more transistors onto a chip to get more processing power to continue to advance artificial intelligence, the less likely it is that any one company, or country, can excel at all the parts of the design and manufacturing process. You need the whole coalition
  • The reason Taiwan Semiconductor Manufacturing Company, known as TSMC, is considered the premier chip manufacturer in the world is that every member of this coalition trusts TSMC with its most intimate trade secrets, which it then melds and leverages for the benefit of the whole.
  • “We do not make in the U.S. any of the chips we need for artificial intelligence, for our military, for our satellites, for our space programs” — not to mention myriad nonmilitary applications that power our economy. The recent CHIPS Act, she said, was our “offensive initiative” to strengthen our whole innovation ecosystem so more of the most advanced chips will be made in the U.S.
  • It managed to pilfer a certain amount of chip technology, including 28 nanometer technology from TSMC back in 2017.
  • Because China is not trusted by the coalition partners not to steal their intellectual property, Beijing is left trying to replicate the world’s all-star manufacturing chip stack on its own with old technologies
  • China can’t mass produce these chips with precision without ASML’s latest technology — which is now banned from the country.
  • Raimondo rejects the idea that the new regulations are tantamount to an act of war.
  • “The U.S. was in an untenable position,” she told me in her office. “Today we are purchasing 100 percent of our advanced logic chips from abroad — 90 percent from TSMC in Taiwan and 10 percent from Samsung in Korea.” (That IS pretty crazy, but it IS true.)
  • Until recently, China’s premier chip maker, Semiconductor Manufacturing International Company, had been thought to be stuck at mostly this chip level,
  • Imposing on China the new export controls on advanced chip-making technologies, she said, “was our defensive strategy. China has a strategy of military-civil fusion,” and Beijing has made clear “that it intends to become totally self-sufficient in the most advanced technologies” to dominate both the civilian commercial markets and the 21st century battlefield. “We cannot ignore China’s intentions.”
  • So, to protect ourselves and our allies — and all the technologies we have invented individually and collectively — she added, “what we did was the next logical step, to prevent China from getting to the next step.” The U.S. and its allies design and manufacture “the most advanced supercomputing chips, and we don’t want them in China’s hands and be used for military purposes.”
  • Our main focus, concluded Raimondo, “is playing offense — to innovate faster than the Chinese. But at the same time, we are going to meet the increasing threat they are presenting by protecting what we need to. It is important that we de-escalate where we can and do business where we can. We don’t want a conflict. But we have to protect ourselves with eyes wide open.”
  • China’s state-directed newspaper Global Times editorialized that the ban would only “strengthen China’s will and ability to stand on its own in science and technology.” Bloomberg quoted an unidentified Chinese analyst as saying “there is no possibility of reconciliation.”
Javier E

The Untold Story of 'Russiagate' and the Road to War in Ukraine - The New York Times - 0 views

www.nytimes.com/...paul-manafort-ukraine-war.html

ukraine war russia trump impeachment politics crisis history gop manafort

shared by Javier E on 03 Nov 22 - No Cached
  • Kilimnik shared a secret plan whose significance would only become clear six years later, as Vladimir V. Putin’s invading Russian Army pushed into Ukraine.
  • Known loosely as the Mariupol plan, after the strategically vital port city, it called for the creation of an autonomous republic in Ukraine’s east, giving Putin effective control of the country’s industrial heartland, where Kremlin-armed, -funded and -directed “separatists” were waging a two-year-old shadow war that had left nearly 10,000 dead. The new republic’s leader would be none other than Yanukovych. The trade-off: “peace” for a broken and subservient Ukraine.
  • Trump was already suggesting that he would upend the diplomatic status quo; if elected, Kilimnik believed, Trump could help make the Mariupol plan a reality. First, though, he would have to win, an unlikely proposition at best. Which brought the men to the second prong of their agenda that evening — internal campaign polling data tracing a path through battleground states to victory. Manafort’s sharing of that information — the “eyes only” code guiding Trump’s strategy — would have been unremarkable if not for one important piece of Kilimnik’s biography: He was not simply a colleague; he was, U.S. officials would later assert, a Russian agent.
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  • what the plan offered on paper is essentially what Putin — on the dangerous defensive after a raft of strategic miscalculations and mounting battlefield losses — is now trying to seize through sham referendums and illegal annexation. And Mariupol is shorthand for the horrors of his war, an occupied city in ruins after months of siege, its hulking steelworks spectral and silenced, countless citizens buried in mass graves.
  • Putin’s assault on Ukraine and his attack on American democracy have until now been treated largely as two distinct story lines.
  • Yet those two narratives came together that summer night at the Grand Havana Room. And the lesson of that meeting is that Putin’s American adventure might be best understood as advance payment for a geopolitical grail closer to home: a vassal Ukrainian state.
  • Even now, some influential voices in American politics, mostly but not entirely on the right, are suggesting that Ukraine make concessions of sovereignty similar to those contained in Kilimnik’s plan, which the nation’s leaders categorically reject.
  • This second draft of history emerges from a review of the hundreds of pages of documents produced by investigators for the special counsel, Robert S. Mueller III, and for the Republican-led Senate Select Committee on Intelligence; from impeachment-hearing transcripts and the recent crop of Russiagate memoirs; and from interviews with nearly 50 people in the United States and Ukraine, including four hourlong conversations with Manafort himself.
  • the persistent, surreptitious effort to bring the Mariupol plan to life. The plan was hardly the only effort to trade peace in Ukraine for concessions to Putin; many obstacles stood in its way. And its provenance remains unclear: Was it part of a Putin long game or an attempt by his ally, Yanukovych, to claw back power? Either way, the prosecutors who uncovered the plan would come to view it as potential payoff for the Russian president’s election meddling.
  • The examination also brings into sharper relief the tricks of Putin’s trade as he pressed his revanchist mission to cement his power by restoring the Russian empire and weakening democracy globally. He pursued that goal through the cunning co-optation of oligarchs and power brokers in the countries in his sights, while applying ever-evolving disinformation techniques to play to the fears and hatreds of their people.
  • Manafort, a political operative known for treating democracy as a tool as much as an idea.
  • he had achieved great riches by putting his political acumen to work for the country’s Kremlin-aligned oligarchs, helping install a government that would prove pliant in the face of Putin’s demand
  • Then he helped elect an American president whose open admiration of the Russian strongman muddied more than a half-century of policy promoting democracy.
  • In the end, Putin would not get out of a Trump presidency what he thought he had paid for, and democracy would bend but not yet break in both the United States and Ukraine. But that, as much as anything, would set the Russian leader on his march to war.
  • he firm specialized in covering over the bloody records of dictators like Mobutu Sese Seko of Zaire and Ferdinand Marcos of the Philippines with copious coats of high-gloss spin, presenting them as freedom-loving democrats.
  • Together with Roger Stone, Manafort helped develop the slashing style of conservative politics, pushing “hot buttons” to rile up base voters and tar opponents.
  • Long before the Trump-era investigations, Manafort had established himself in Washington and abroad as a grand master of the political dark arts
Javier E

The Greek shipwreck was a horrific tragedy. Yet it didn't get the attention of the Tita... - 0 views

www.theguardian.com/...attention-of-the-titanic-story

psychic numbing suffering overwhelming psychology rich poor migration migrants story crisis culture

shared by Javier E on 22 Jun 23 - No Cached
  • Last Wednesday, one of the worst tragedies that has ever occurred on the Mediterranean Sea took place: a fishing boat carrying around 750 people, mainly Pakistani and Afghan migrants, capsized on its way to Italy. There were 100 children below deck in that ship. One hundred children. The exact number of fatalities are unclear: so far we know that 78 people have been confirmed dead and as many as 500 are missing
  • hundreds of dead and missing migrants have failed to garner anywhere near the amount of attention from the US media as five rich adventurers.
  • I’m not saying there hasn’t been any coverage of the Greek shipwreck. Of course there has. But it pales in comparison to the attention that’s been given to the Titan’s disappearance
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  • The rescue efforts also couldn’t be more different: a frantic rush to save five wealthy people versus a shoulder shrug at the idea of 100 children dead at the bottom of the sea.
  • The Greek coastguard and government officials, in response to criticism of their handling of the disaster, have said that people on board refused any help. Activists, on the other hand, have said the people on board were pleading for help more than 15 hours before it sank. In any case, is it really the job of a coast guard to look at a ship full of desperate people, full of innocent children, and decide they don’t want help
  • Nobody looked at the Titan and thought: ahh well, they signed a waiver saying they accepted death was a possibility, there’s no point saving them.
  • If you find yourself more captivated by the story of five rich people in a submersible rather than the 750 people who sank on a fishing trawler, it’s not because you’re a bad person. It’s because it’s human nature to be feel overwhelmed by suffering at scale; it’s called psychic numbing. As the saying goes, one death is a tragedy, a million deaths is a statistic.
  • They deserve the same sort of resources and attention and empathy that five rich adventurers, who put themselves in harm’s way for the fun of it, rather than because they were desperate for a better life, have had.
  • I hope it makes it uncomfortably clear that, in the eyes of the media and policymakers, one missing billionaire is seemingly more important than hundreds of missing migrants.
  • I hope it makes more people interrogate the ways in which migrants are blamed for their deaths, blamed for seeking out better lives – and how completely different that is from the empathy afforded to millionaires seeking out underwater thrills.
Javier E

(2) What Was the 'Soviet Century'? - by André Forget - Bulwark+ - 0 views

plus.thebulwark.com/...what-was-the-soviet-century

soviet russia culture policy crisis history politics

shared by Javier E on 20 May 23 - No Cached
  • Schlögel makes the argument that the Soviet Union is best understood not primarily as the manifestation of rigid Communist ideology, but as an attempt to transform an agrarian peasant society into a fully modern state
  • “A ‘Marxist theory,’” he writes, “yields very little for an understanding of the processes of change in postrevolutionary Russia. We get somewhat nearer the mark if we explore the scene of a modernization without modernity and of a grandiose civilizing process powered by forces that were anything but civil.” In other words, the interminable debates about whether Lenin was the St. Paul of communism or its Judas Iscariot are beside the point: As a Marxist might put it, the history of the Soviet Union is best explained by material conditions.
  • the story one pieces together from his chapters goes something like this. In the years between 1917 and 1945, the Russian Empire ceased to be a semi-feudal aristocracy governed by an absolutist monarch whose rule rested on divine right, and became an industrialized state. It dammed rivers, electrified the countryside, built massive factories and refineries, collectivized agriculture, raised literacy rates, set up palaces of culture, created a modern military, and made the Soviet Union one of the most powerful countries in the world. In the course of doing so, it sent some of its best minds into exile, crippled its system of food production, set up a massive network of prison camps, watched millions of its citizens die of hunger, killed hundreds of thousands more through slave labor and forced relocation, and executed a generation of revolutionary leaders. It did all this while surviving one of the most brutal civil wars of the twentieth century and the largest land invasion in history.
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  • Over the next forty-five years, it tried to establish a solid basis for growth and prosperity. It launched an ambitious housing program to create living spaces for its massive and rapidly urbanizing population, and to nurture the growth of a Soviet middle class that had access to amenities and luxury goods. At the same time, it systematically blocked this new middle class from exercising its creative faculties outside a narrow range of approved topics and ideological formulas, and it could not reliably ensure that if someone wanted to buy a winter coat in December, they could find it in the shop. It created a state with the resources and technology to provide for the needs of its citizens, but that was unable to actually deliver the goods.
  • The USSR moved forward under the weight of these contradictions, first sprinting, then staggering, until it was dismantled by another revolution, one that was orchestrated by the very class of party elites the first one had produced. But the states that emerged from the Soviet Union in 1991, and the people who lived in them, had undergone a profound change in the process.
  • Schlögel argues that over its sixty-eight years of existence, the Soviet Union did succeed in its goal of creating a “new Soviet person” (novy sovetsky chelovek). But, as he puts it,The new human being was the product not of any faith in a utopia, but of a tumult in which existing lifeworlds were destroyed and new ones born. The “Homo Sovieticus” was no fiction to be casually mocked but a reality with whom we usually only start to engage in earnest when we realize that analyzing the decisions of the Central Committee is less crucial than commonly assumed
  • Placing the emphasis on modernization rather than ideology allows Schlögel to delineate oft-ignored parallels and connections between the USSR and the United States. In the 1930s, especially, there was a great deal of cultural and technical collaboration between U.S. citizens and their Soviet counterparts, which led to what Hans Rogger called “Soviet Americanism” (sovetsky amerikanizm). “In many respects,” Schlögel writes, Soviet citizens “felt closer to America; America had left behind the class barriers and snobbery of Old Europe. America was less hierarchical; you could rise socially, something otherwise possible only in postrevolutionary Russia, where class barriers had broken down and equality had been universally imposed by brute force.”
  • As each rose to a position of global economic, political, and military predominance, the British Empire and the United States divided the world into “white” people, who had certain inalienable rights, and “colored” people who did not. The USSR, rising later and faster, made no such distinctions. An Old Bolshevik who had served the revolution for decades was just as likely to end their life freezing on the taiga as a Russian aristocrat or a Kazakh peasant.
  • Pragmatism and passion were certainly present in the development of the USSR, but they were not the only inputs. Perhaps the crucial factor was the almost limitless cheap labor supplied by impoverished peasants driven off their land, petty criminals, and political undesirables who could be press-ganged into service as part of their “reeducation.”
  • Between 1932 and 1937, the output of the Dalstroy mine went from 511 kilograms of gold to 51.5 tons. The price of this astonishing growth was paid by the bodies of the prisoners, of whom there were 163,000 by the end of the decade. The writer Varlam Shalamov, Schlögel’s guide through this frozen Malebolge, explains it this way:To turn a healthy young man, who had begun his career in the clean winter air of the gold mines, into a goner, all that was needed, at a conservative estimate, was a term of twenty to thirty days of sixteen hours of work per day, with no rest days, with systematic starvation, torn clothes, and nights spent in temperatures of minus sixty degrees in a canvas tent with holes in it, and being beaten by the foremen, the criminal gang masters, and the guards.
  • There is no moral calculus that can justify this suffering. And yet Schlögel lays out the brutal, unassimilable fact about the violence of Soviet modernization in the 1930s: “Without the gold of Kolyma . . . there would have been no build-up of the arms industries before and during the Soviet-German war.” The lives of the workers in Kolyma were the cost of winning the Second World War as surely as those of the soldiers at the front.
  • Of the 250,000 people, most of them prisoners,1 involved in building the 227-kilometer White Sea Canal, around 12,800 are confirmed to have died in the process. Even if the actual number is higher, as it probably is, it is hardly extraordinary when set against the 28,000 people who died in the construction of the 80-kilometer Panama Canal (or the 20,000 who had died in an earlier, failed French attempt to build it), or the tens of thousands killed digging the Suez Canal
  • it is worth noting that slave labor in mines and building projects, forced starvation of millions through food requisitions, and the destruction of traditional lifeworlds were all central features of the colonial projects that underwrote the building of modernity in the U.S. and Western Europe. To see the mass death caused by Soviet policies in the first decades of Communist rule in a global light—alongside the trans-Atlantic slave trade, the genocide of Indigenous peoples in Africa and the Americas, and the great famines in South Asia—is to see it not as the inevitable consequence of socialist utopianism, but of rapid modernization undertaken without concern for human life.
  • But Soviet Americanism was about more than cultural affinities. The transformation of the Soviet Union would have been impossible without American expertise.
  • Curiously enough, Schlögel seems to credit burnout from the era of hypermobilization for the fall of the USSR:Whole societies do not collapse because of differences of opinion or true or false guidelines or even the decisions of party bosses. They perish when they are utterly exhausted and human beings can go on living only if they cast off or destroy the conditions that are killing them
  • it seems far more accurate to say that the USSR collapsed the way it did because of a generational shift. By the 1980s, the heroic generation was passing away, and the new Soviet people born in the post-war era were comparing life in the USSR not to what it had been like in the bad old Tsarist days, but to what it could be like
  • Schlögel may be right that “Pittsburgh is not Magnitogorsk,” and that the U.S. was able to transition out of the heroic period of modernization far more effectively than the USSR. But the problems America is currently facing are eerily similar to those of the Soviet Union in its final years—a sclerotic political system dominated by an aging leadership class, environmental degradation, falling life expectancy, a failed war in Afghanistan, rising tensions between a traditionally dominant ethnic group and freedom-seeking minorities, a population that has been promised a higher standard of living than can be delivered by its economic system.
  • given where things stand in the post-Soviet world of 2023, the gaps tell an important story. The most significant one is around ethnic policy, or what the Soviet Union referred to as “nation-building” (natsional‘noe stroitel‘stvo).
  • In the more remote parts of the USSR, where national consciousness was still in the process of developing, it raised the more profound question of which groups counted as nations. When did a dialect become a language? If a nation was tied to a clearly demarcated national territory, how should the state deal with nomadic peoples?
  • The Bolsheviks dealt with this last problem by ignoring it. Lenin believed that “nationality” was basically a matter of language, and language was simply a medium for communication.
  • Things should be “national in form, socialist in content,” as Stalin famously put it. Tatar schools would teach Tatar children about Marx and Engels in Tatar, and a Kyrgyz novelist like Chinghiz Aitmatov could write socialist realist novels in Kyrgyz.
  • Unity would be preserved by having each nationality pursue a common goal in their own tongue. This was the reason Lenin did not believe that establishing ethno-territorial republics would lead to fragmentation of the Soviet state
  • Despite these high and earnest ideals, the USSR’s nationalities policy was as filled with tragedy as the rest of Soviet history. Large numbers of intellectuals from minority nations were executed during the Great Purge for “bourgeois nationalism,” and entire populations were subject to forced relocation on a massive scale.
  • In practice, Soviet treatment of national minorities was driven not by a commitment to self-determination, but by the interests (often cynical, sometimes paranoid) of whoever happened to be in the Kremlin.
  • The ethnic diversity of the USSR was a fundamental aspect of the lifeworlds of millions of Soviet citizens, and yet Schlögel barely mentions it.
  • As is often the case with books about the Soviet Union, it takes life in Moscow and Leningrad to be representative of the whole. But as my friends in Mari El used to say, “Moscow is another country.”
  • None of this would matter much if it weren’t for the fact that the thirty years since the dismantling of the USSR have been defined in large part by conflicts between and within the successor states over the very questions of nationality and territory raised during the founding of the Soviet Union.
  • in the former lands of the USSR, barely a year has gone since 1991 without a civil war, insurgency, or invasion fought over control of territory or control of the government of that territory in Central Asia, the Caucasus, and Eastern Europe.
  • Russia’s full-scale invasion of Ukraine in February 2022 euthanized any remaining hopes that globalization and integration of trade would establish a lasting peace in Eastern Europe. The sense of possibility that animates Schlögel’s meditations on post-Soviet life—the feeling that the lifeworld of kommunalkas and queues had given way to a more vivacious, more dynamic, more forward-looking society that was bound to sort itself out eventually—now belongs definitively to the past. Something has been broken that cannot be fixed.
  • It is worth noting (Schlögel does not) that of the institutions that survived the dismantling of the Soviet state, the military and intelligence services and the criminal syndicates were the most powerful, in large part because they were so interconnected. In a kind of Hegelian shit-synthesis, the man who established a brutal kind of order after the mayhem of the nineteen-nineties, Vladimir Putin, has deep ties to both. The parts of Soviet communism that ensured a basic standard of living were, for the most part, destroyed in the hideously bungled transition to a market economy. Militarism, chauvinism, and gangster capitalism thrived, as they still do today.
  • Perhaps it is now possible to see the Soviet century as an anomaly in world history, an interregnum during which two power blocks, each a distorted reflection of the other, marshaled the energies of a modernizing planet in a great conflict over the future. The United States and the USSR both preached a universal doctrine, both claimed they were marching toward the promised land.
  • The unipolar moment lasted barely a decade, and we have now fallen through the rotten floor of American hegemony to find ourselves once again in the fraught nineteenth century. The wars of today are not between “smelly little orthodoxies,” but between empires and nations, the powerful states that can create their own morality and the small countries that have to find powerful friends
  • the key difference between 2023 and 1900 is that the process of modernization is, in large parts of the world, complete. What this means for great-power politics in the twenty-first century, we are only beginning to understand.
Javier E

Where We Went Wrong | Harvard Magazine - 0 views

www.harvardmagazine.com/...montage-where-we-went-wrong

DeLong prosperity roots 20th century social history economic Galbraith contingent choice public growth crisis culture policy economics

shared by Javier E on 07 May 23 - No Cached
  • John Kenneth Galbraith assessed the trajectory of America’s increasingly “affluent society.” His outlook was not a happy one. The nation’s increasingly evident material prosperity was not making its citizens any more satisfied. Nor, at least in its existing form, was it likely to do so
  • One reason, Galbraith argued, was the glaring imbalance between the opulence in consumption of private goods and the poverty, often squalor, of public services like schools and parks
  • nother was that even the bountifully supplied private goods often satisfied no genuine need, or even desire; a vast advertising apparatus generated artificial demand for them, and satisfying this demand failed to provide meaningful or lasting satisfaction.
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  • economist J. Bradford DeLong ’82, Ph.D. ’87, looking back on the twentieth century two decades after its end, comes to a similar conclusion but on different grounds.
  • DeLong, professor of economics at Berkeley, looks to matters of “contingency” and “choice”: at key junctures the economy suffered “bad luck,” and the actions taken by the responsible policymakers were “incompetent.”
  • these were “the most consequential years of all humanity’s centuries.” The changes they saw, while in the first instance economic, also “shaped and transformed nearly everything sociological, political, and cultural.”
  • DeLong’s look back over the twentieth century energetically encompasses political and social trends as well; nor is his scope limited to the United States. The result is a work of strikingly expansive breadth and scope
  • labeling the book an economic history fails to convey its sweeping frame.
  • The century that is DeLong’s focus is what he calls the “long twentieth century,” running from just after the Civil War to the end of the 2000s when a series of events, including the biggest financial crisis since the 1930s followed by likewise the most severe business downturn, finally rendered the advanced Western economies “unable to resume economic growth at anything near the average pace that had been the rule since 1870.
  • d behind those missteps in policy stood not just failures of economic thinking but a voting public that reacted perversely, even if understandably, to the frustrations poor economic outcomes had brought them.
  • Within this 140-year span, DeLong identifies two eras of “El Dorado” economic growth, each facilitated by expanding globalization, and each driven by rapid advances in technology and changes in business organization for applying technology to economic ends
  • from 1870 to World War I, and again from World War II to 197
  • fellow economist Robert J. Gordon ’62, who in his monumental treatise on The Rise and Fall of American Economic Growth (reviewed in “How America Grew,” May-June 2016, page 68) hailed 1870-1970 as a “special century” in this regard (interrupted midway by the disaster of the 1930s).
  • Gordon highlighted the role of a cluster of once-for-all-time technological advances—the steam engine, railroads, electrification, the internal combustion engine, radio and television, powered flight
  • Pessimistic that future technological advances (most obviously, the computer and electronics revolutions) will generate productivity gains to match those of the special century, Gordon therefore saw little prospect of a return to the rapid growth of those halcyon days.
  • DeLong instead points to a series of noneconomic (and non-technological) events that slowed growth, followed by a perverse turn in economic policy triggered in part by public frustration: In 1973 the OPEC cartel tripled the price of oil, and then quadrupled it yet again six years later.
  • For all too many Americans (and citizens of other countries too), the combination of high inflation and sluggish growth meant that “social democracy was no longer delivering the rapid progress toward utopia that it had delivered in the first post-World War II generation.”
  • Frustration over these and other ills in turn spawned what DeLong calls the “neoliberal turn” in public attitudes and economic policy. The new economic policies introduced under this rubric “did not end the slowdown in productivity growth but reinforced it.
  • the tax and regulatory changes enacted in this new climate channeled most of what economic gains there were to people already at the top of the income scale
  • Meanwhile, progressive “inclusion” of women and African Americans in the economy (and in American society more broadly) meant that middle- and lower-income white men saw even smaller gains—and, perversely, reacted by providing still greater support for policies like tax cuts for those with far higher incomes than their own.
  • Daniel Bell’s argument in his 1976 classic The Cultural Contradictions of Capitalism. Bell famously suggested that the very success of a capitalist economy would eventually undermine a society’s commitment to the values and institutions that made capitalism possible in the first plac
  • In DeLong’s view, the “greatest cause” of the neoliberal turn was “the extraordinary pace of rising prosperity during the Thirty Glorious Years, which raised the bar that a political-economic order had to surpass in order to generate broad acceptance.” At the same time, “the fading memory of the Great Depression led to the fading of the belief, or rather recognition, by the middle class that they, as well as the working class, needed social insurance.”
  • what the economy delivered to “hard-working white men” no longer matched what they saw as their just deserts: in their eyes, “the rich got richer, the unworthy and minority poor got handouts.”
  • As Bell would have put it, the politics of entitlement, bred by years of economic success that so many people had come to take for granted, squeezed out the politics of opportunity and ambition, giving rise to the politics of resentment.
  • The new era therefore became “a time to question the bourgeois virtues of hard, regular work and thrift in pursuit of material abundance.”
  • DeLong’s unspoken agenda would surely include rolling back many of the changes made in the U.S. tax code over the past half-century, as well as reinvigorating antitrust policy to blunt the dominance, and therefore outsize profits, of the mega-firms that now tower over key sectors of the economy
  • He would also surely reverse the recent trend moving away from free trade. Central bankers should certainly behave like Paul Volcker (appointed by President Carter), whose decisive action finally broke the 1970s inflation even at considerable economic cost
  • Not only Galbraith’s main themes but many of his more specific observations as well seem as pertinent, and important, today as they did then.
  • What will future readers of Slouching Towards Utopia conclude?
  • If anything, DeLong’s narratives will become more valuable as those events fade into the past. Alas, his description of fascism as having at its center “a contempt for limits, especially those implied by reason-based arguments; a belief that reality could be altered by the will; and an exaltation of the violent assertion of that will as the ultimate argument” will likely strike a nerve with many Americans not just today but in years to come.
  • what about DeLong’s core explanation of what went wrong in the latter third of his, and our, “long century”? I predict that it too will still look right, and important.
Javier E

Why Rotterdam Wouldn't Allow a Bridge to Be Dismantled for Bezos' Yacht - The New York ... - 0 views

www.nytimes.com/...bezos-yacht-rotterdam.html

culture history politics netherlands rich Equality

shared by Javier E on 31 Jul 22 - No Cached
  • we think that rich people are not acting normal. Here in Holland, we don’t believe that everybody can be rich the way people do in America, where the sky is the limit. We think ‘Be average.’ That’s good enough.”
  • “When I was about 11 years old, we had an American boy stay with us for a week, an exchange student,” she recalled. “And my mother told him, just make your own sandwich like you do in America. Instead of putting one sausage on his bread, he put on five. My mother was too polite to say anything to him, but to me she said in Dutch, ‘We will never eat like that in this house.’”
  • The streak of austerity in Dutch culture can be traced to Calvinism, say residents, the most popular religious branch of Protestantism here for hundreds of years. It emphasizes virtues like self-discipline, frugality and conscientiousness. Polls suggest that most people in the Netherlands today are not churchgoers, but the norms are embedded, as evidenced by Dutch attitudes toward wealth.
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  • “Calvin teaches that you’re given stewardship over your money, that you have a responsibility to take care of it, which means giving lots of it away, being generous to others,”
  • “Work is a divine calling for which you will be held accountable. It’s considered bad for society and bad for your soul if you spend in ostentatious ways.”
  • “He doesn’t pay his taxes,” is a common refrain in this city, and it doesn’t mean that Mr. Bezos is considered a tax cheat. It means that he isn’t fighting inequality by sharing his money, an obligation that transcends the tax code.
  • An ethos endures that nobody is any better than anyone else, or deserves more, and it stems from an unignorable geographic fact. Roughly one-third of the Netherlands is below sea level and citizens for centuries have had little choice but to band together to create an infrastructure of dikes and drainage systems to remain alive.
  • “The Netherlands is built on cooperation,” said Paul van de Laar, a professor of history at Erasmus University. “There were constant threats of disaster from the 15th and 16th century. Protestants and Catholics knew that to survive, they could not quarrel too much.”
  • Chip in. Blend in. Help others. These are among the highest ideals of the Netherlands
  • The Dutch once ran one of the world’s largest empires but there’s a certain pride here that the prime minister of the country rides a bicycle to pay visits to the king — yes, the Netherlands has a royal family, which is also relatively low-key — and locks the bicycle outside the palace.
  • At the time, it was said in the Netherlands that putting both butter and cheese on your bread was “the devil’s sandwich.” Choose one, went the thinking. You don’t need both.
  • explaining the anger that Mr. Bezos and Oceanco, the maker of the three-masted, $500 million schooner, inspired after making what may have sounded like a fairly benign request. The company asked the local government to briefly dismantle the elevated middle span of the Hef, which is 230 feet tall at its highest point, allowing the vessel to sail down the King’s Harbor channel and out to sea.
  • The whole process would have taken a day or two and Oceanco would have covered the costs.AdvertisementContinue reading the main story
  • The bridge, a lattice of moss-green steel in the shape of a hulking “H,” is not actually used by anyone. It served as a railroad bridge for decades until it was replaced by a tunnel and decommissioned in the early 1990s. It’s been idle ever since.
  • In sum, the operation would have been fast, free and disrupted nothing. So why the fuss?
  • “What can you buy if you have unlimited cash? Can you bend every rule? Can you take apart monuments?”
  • “There’s a principle at stake,”
  • The first problem was the astounding wealth of Mr. Bezos.
  • “The Dutch like to say, ‘Acting normal is crazy enough,’
Javier E

Opinion | Where Does Religion Come From? - The New York Times - 0 views

www.nytimes.com/...igion-christianity-belief.html

religion origins

shared by Javier E on 15 Nov 23 - No Cached
  • First, that atheist materialism is too weak a base upon which to ground Western liberalism in a world where it’s increasingly beset, and the biblical tradition from which the liberal West emerged offers a surer foundation for her values.
  • Second, that despite the sense of liberation from punitive religion that atheism once offered her, in the longer run she found “life without any spiritual solace unendurable.”
  • I have no criticisms to offer myself. Some sort of religious attitude is essentially demanded, in my view, by what we know about the universe and the human place within it, but every sincere searcher is likely to follow their own idiosyncratic path
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  • And to set out to practice Christianity because you love the civilization that sprang from it and feel some kind of spiritual response to its teachings seems much more reasonable than hovering forever in agnosticism while you wait to achieve perfect theological certainty about the divinity of Christ.
  • the Hirsi Ali path as she describes it is actually unusually legible to atheists, in the sense that it matches well with how a lot of smart secular analysts assume that religions take shape and sustain themselve
  • In these assumptions, the personal need for religion reflects the fear of death or the desire for cosmic meaning (illustrated by Hirsi Ali’s yearning for “solace”), while the rise of organized religion mostly reflects the societal need for a unifying moral-metaphysical structure, a shared narrative, a glue to bind a complex society together (illustrated by her desire for a religious system to undergird her political worldview)
  • For instance, in Ara Norenzayan’s 2015 book “Big Gods: How Religion Transformed Cooperation and Conflict,” the great world religions are portrayed as technologies of social trust, encouraging pro-social behavior (“Watched people are nice people” is one of Norenzayan’s formulations, with moralistic gods as the ultimate guarantor of good behavior) as societies scale up from hunter-gatherer bands to urbanized states
  • it would make sense, on Norenzayan’s premises, that when a developed society seems to be destabilizing, threatened by enemies outside and increasingly divided within, the need for a “Big God” would return — and so people would reach back, like Hirsi Ali, to the traditions that gave rise to the social order in the first place.
  • What’s missing from this account, though, is an explanation of how you get from the desire for meaning or the fear of death to the specific content of religious belief
  • One of the strongest attempts to explain the substance and content of supernatural belief comes from psychological theorists like Pascal Boyer and Paul Bloom, who argue that humans naturally believe in invisible minds and impossible beings because of the same cognitive features that let us understand other human minds and their intentions
  • Such understanding is essential to human socialization, but as Bloom puts it, our theory of mind also “overshoots”: Because “we perceive the world of objects as essentially separate from the world of minds,” it’s easy for us “to envision soulless bodies and bodiless souls. This helps explain why we believe in gods and an afterlife.
  • And because we look for intentionality in human beings and human systems, we slide easily into “inferring goals and desires where none exist. This makes us animists and creationists.”
  • Boyer, for his part, argues that our theories about these imagined invisible beings tend to fall into their own cognitively convenient categories. We love supernatural beings and scenarios that combine something familiar and something alien, from ghosts (what if there were a mind — but without a body!)
  • With these arguments you can close the circle. People want meaning, societies need order, our minds naturally invent invisible beings, and that’s why the intelligent, rational, liberal Ayaan Hirsi Ali is suddenly and strangely joining a religion
  • here’s what this closed circle leaves out: The nature of actual religious experience, which is just much weirder, unexpected and destabilizing than psychological and evolutionary arguments for its utility would suggest, while also clearly being a generative force behind the religious traditions that these theories are trying to explain.
  • another path, which I’ve been following lately, is to read about U.F.O. encounters — because clearly the Pentagon wants us to! — and consider them as a form of religious experience, even as the basis for a new half-formed 21st-century religio
  • when you go deeper into the narratives, many of their details and consequences resemble not some “Star Trek”-style first contact, but the supernatural experiences of early modern and pre-modern societies, from fairy abductions to saintly and demonic encounters to brushes with the gods.
  • it’s a landscape of destabilized agnosticism, filled with competing theories about what’s actually going on, half-formed theologies and metaphysical pictures blurring together with scientific and pseudoscientific narratives, with would-be gurus rushing to embrace specific visions and skeptics cautioning about the potentially malign intentions of the visitors, whatever or whoever they may be.
  • Far from being a landscape created by the human desire for sense-making, by our tendency to impose purpose and intentionality where none exists, the realm of U.F.O. experience is a landscape waiting for someone to make sense of it, filled with people who wish they had a simple, cognitively convenient explanation for what’s going on.
  • the U.F.O. phenomenon may be revealing some of the raw material of religion, the real place where all the ladders start — which is with revelation crying out for interpretation, personal encounter awaiting a coherent intellectual response.
  • if that is where religion really comes from, all the evolutionary and sociological explanations are likely to remain interesting but insufficient, covering aspects of why particular religions take the shape they do, but missing the heart of the matter.
  • why were we given Christianity in the first place? Why are we being given whatever we’re being given in the U.F.O. phenomenon?
  • The only definite answer is that the world is much stranger than the secular imagination thinks.
Javier E

Opinion | The Reactionary Futurism of Marc Andreessen - The New York Times - 0 views

www.nytimes.com/...ssen-reactionary-futurism.html

futurism accelerations trust silicon valley polarization AI market fundamentalism energy effective hero entrepreneur growth technology technocracy reactionary reaction aggression

shared by Javier E on 27 Oct 23 - No Cached
  • “I consider Mark and Elon to be role models to children in their embrace of fighting,” Andreessen writes.
  • Modern American society, at least in the big cities, is turning on law enforcement and tolerating crime, so you need combat skills to protect your loved ones. We are also fat and depressed, and learning to fight might help on both counts. In conclusion, “if it was good enough for Heracles and Theseus, it’s good enough for us.”
  • what caught my eye was the veneration of the virile aggression of the Greeks, the call to rediscover the ways of the ancients. A list of things that were good enough for the Greeks but not good enough for us would run long: Slavery, pederasty and bloodletting come to mind
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  • This is what connects figures as disparate as Jordan Peterson and J.D. Vance and Peter Thiel and Donald Trump. These are the ideas that unite both the mainstream and the weirder figures of the so-called postliberal right, from Patrick Deneen to the writer Bronze Age Pervert.
  • I think the Republican Party’s collapse into incoherence reflects the fact that much of the modern right is reactionary, not conservative
  • As Paul Valéry, the French poet, once said, “Ancient Greece is the most beautiful invention of the modern age.” To treat Andreessen’s essay as an argument misses the point. It’s a vibe. And the vibe is reactionary.
  • It’s a coalition obsessed with where we went wrong: the weakness, the political correctness, the liberalism, the trigger warnings, the smug elites. It’s a coalition that believes we were once hard and have become soft; worse, we have come to lionize softness and punish hardness.
  • The story of the reactionary follows a template across time and place. It “begins with a happy, well-ordered state where people who know their place live in harmony and submit to tradition and their God,” Mark Lilla writes in his 2016 book, “The Shipwrecked Mind: On Political Reaction.”
  • He continues:Then alien ideas promoted by intellectuals — writers, journalists, professors — challenge this harmony, and the will to maintain order weakens at the top. (The betrayal of elites is the linchpin of every reactionary story.) A false consciousness soon descends on the society as a whole as it willingly, even joyfully, heads for destruction. Only those who have preserved memories of the old ways see what is happening. Whether the society reverses direction or rushes to its doom depends entirely on their resistance.
  • The Silicon Valley cohort Andreessen belongs to has added a bit to this formula. In their story, the old way that is being lost is the appetite for risk and inequality and dominance that drives technology forward and betters human life. What the muscled ancients knew and what today’s flabby whingers have forgotten is that man must cultivate the strength and will to master nature, and other men, for the technological frontier to give way
  • Now Andreessen has distilled the whole ideology to a procession of stark bullet points in his latest missive, the buzzy, bizarre “Techno-Optimist Manifesto.”
  • it’s the pairing of the reactionary’s sodden take on modern society with the futurist’s starry imagining of the bright tomorrow. So call it what it is: reactionary futurism
  • Andreessen’s argument is simple: Technology is good. Very good. Those who stand in its way are bad.
  • “The Enemy.” The list is long, ranging from “anti-greatness” to “statism” to “corruption” to “the ivory tower” to “cartels” to “bureaucracy” to “socialism” to “abstract theories” to anyone “disconnected from the real world … playing God with everyone else’s lives”
  • So who is it, exactly, who extinguishes the dancing star within the human soul?
  • Our present society has been subjected to a mass demoralization campaign for six decades — against technology and against life — under varying names like “existential risk,” “sustainability,” “E.S.G.,” “sustainable development goals,” “social responsibility,” “stakeholder capitalism,” “precautionary principle,” “trust and safety,” “tech ethics,” “risk management,” “degrowth,” “the limits of growth.”
  • The enemy, in other words, is anything or anyone who might seek to yoke technology to social goals or structures
  • For years, I’ve been arguing for politics to take technology more seriously, to see new inventions as no less necessary than social insurance and tax policy in bringing about a worthier world. Too often, we debate only how to divvy up what we already have. We have lost the habit of imagining what we could have; we are too timid in deploying the coordinated genius and muscle of society
  • I’ve been digging into the history of where and when we lost faith in technology and, more broadly, growth. At the core of that story is an inability to manage, admit or even see when technologies or policies go awry
  • The turn toward a less-is-more politics came in the 1970s, when the consequences of reckless growth became unignorable
  • Did we, in some cases, overcorrect? Absolutely. But the only reason we can even debate whether we overcorrected is because we corrected: The Clean Air Act and the Clean Water Act and a slew of other bills and regulations did exactly what they promised.
  • It is telling that Andreessen groups sustainability and degrowth into the same bucket of antagonists
  • Degrowth is largely, though not wholly, skeptical of technological solutions to our problems
  • But the politics of sustainability — as evidenced in legislation like the Inflation Reduction Act — have settled into another place entirely: a commitment to solving our hardest environmental problems by driving technology forward, by investing and deploying clean energy infrastructure at a scale unlike anything the government has done since the 1950s.
  • Andreessen focuses at some length on the nuclear future he believes we’ve been denied —
  • but curiously ignores the stunning advances in solar and wind and battery power that public policy has delivered.
  • He yearns for a kind of person, not just a kind of technology. “We believe in ambition, aggression, persistence, relentlessness — strength,” he writes, italics included. “We believe in merit and achievement. We believe in bravery, in courage.”
  • There are ways in which these virtues have become undervalued, in which the left, in particular, has a dysfunctional relationship with individual achievement and entrepreneurial élan.
  • Andreessen’s ideas trace an odd, meme-based philosophy that has flourished in some corners of the internet known as effective accelerationism
  • “Effective accelerationism aims to follow the ‘will of the universe’: leaning into the thermodynamic bias towards futures with greater and smarter civilizations that are more effective at finding/extracting free energy from the universe,”
  • “E/acc has no particular allegiance to the biological substrate for intelligence and life, in contrast to transhumanism.” OK!
  • Take Andreessen’s naming of trust and safety teams as among his enemies.
  • That, in a way, is my core disagreement with Andreessen. Reactionary futurism is accelerationist in affect but deccelerationist in practice
  • How has that worked out? A new analysis by Similarweb found that traffic to twitter.com fell in the United States by 19 percent from September 2022 to September 2023 and traffic on mobile devices fell by almost 18 percent. Indications are that advertising revenue on the platform is collapsing.
  • Andreessen spends much of his manifesto venerating the version of markets that you hear in the first few weeks of Econ 101, before the professor begins complicating the picture with all those annoying market failures
  • Throughout his essay, Andreessen is at pains to attack those who might slow the development of artificial intelligence in the name of safety, but nothing would do more to freeze progress in A.I. than a disaster caused by its reckless deployment
  • It is hard to read Andreessen’s manifesto, with its chopped-up paragraphs and its blunt jabs of thought delivered for maximum engagement and polarization, and not feel that Andreessen now reflects the medium in which he has made his home: X. He doesn’t just write in the way the medium rewards. He increasingly seems to think in its house style, too.
  • One reason I left Twitter long ago is that I noticed that it was a kind of machine for destroying trust. It binds you to the like-minded but cuts you from those with whom you have even modest disagreements
  • There is a reason that Twitter’s rise was conducive to politics of revolution and reaction rather than of liberalism and conservatism. If you are there too often, seeing the side of humanity it serves up, it is easy to come to think that everything must be burned down.
  • Musk purchased Twitter (in an acquisition that Andreessen Horowitz helped finance) and gutted its trust and safety teams. The result has been a profusion of chaos, disinformation and division on his platform
  • Treating so much of society with such withering contempt will not speed up a better future. It will turn people against the politics and policies of growth, just as it did before. Trust is the most essential technology of all.
Javier E

AI could change the 2024 elections. We need ground rules. - The Washington Post - 0 views

www.washingtonpost.com/...-election-2024-deepfake-pledge

elections AI threat

shared by Javier E on 27 Oct 23 - No Cached
  • New York Mayor Eric Adams doesn’t speak Spanish. But it sure sounds like he does.He’s been using artificial intelligence software to send prerecorded calls about city events to residents in Spanish, Mandarin Chinese, Urdu and Yiddish. The voice in the messages mimics the mayor but was generated with AI software from a company called ElevenLabs.
  • Experts have warned for years that AI will change our democracy by distorting reality. That future is already here. AI is being used to fabricate voices, fundraising emails and “deepfake” images of events that never occurred.
  • I’m writing this to urge elected officials, candidates and their supporters to pledge not to use AI to deceive voters. I’m not suggesting a ban, but rather calling for politicians to commit to some common values while our democracy adjusts to a world with AI.
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  • If we don’t draw some lines now, legions of citizens could be manipulated, disenfranchised or lose faith in the whole system — opening doors to foreign adversaries who want to do the same. AI might break us in 2024.
  • “The ability of AI to interfere with our elections, to spread misinformation that’s extremely believable is one of the things that’s preoccupying us,” Schumer said, after watching me so easily create a deepfake of him. “Lots of people in the Congress are examining this.”
  • Of course, fibbing politicians are nothing new, but examples keep multiplying of how AI supercharges misinformation in ways we haven’t seen before. Two examples: The presidential campaign of Florida Gov. Ron DeSantis (R) shared an AI-generated image of former president Donald Trump embracing Anthony S. Fauci. That hug never happened. In Chicago’s mayoral primary, someone used AI to clone the voice of candidate Paul Vallas in a fake news report, making it look like he approved of police brutality.
  • But what will happen when a shocking image or audio clip goes viral in a battleground state shortly before an election? What kind of chaos will ensue when someone uses a bot to send out individually tailored lies to millions of different voters?
  • A wide 85 percent of U.S. citizens said they were “very” or “somewhat” concerned about the spread of misleading AI video and audio, in an August survey by YouGov. And 78 percent were concerned about AI contributing to the spread of political propaganda.
  • We can’t put the genie back in the bottle. AI is already embedded in tech tool campaigns that all of us use every day. AI creates our Facebook feeds and picks what ads we see. AI built into our phone cameras brightens faces and smooths skin.
  • What’s more, there are many political uses for AI that are unobjectionable, and even empowering for candidates with fewer resources. Politicians can use AI to manage the grunt work of sorting through databases and responding to constituents. Republican presidential candidate Asa Hutchinson has an AI chatbot trained to answer questions like him. (I’m not sure politician bots are very helpful, but fine, give it a try.)
  • Clarke’s solution, included in a bill she introduced on political ads: Candidates should disclose when they use AI to create communications. You know the “I approve this message” notice? Now add, “I used AI to make this message.”
  • But labels aren’t enough. If AI disclosures become commonplace, we may become blind to them, like so much other fine print.
  • The bigger ask: We want candidates and their supporting parties and committees not to use AI to deceive us.
  • So what’s the difference between a dangerous deepfake and an AI facetune that makes an octogenarian candidate look a little less octogenarian?
  • “The core definition is showing a candidate doing or saying something they didn’t do or say,”
  • Sure, give Biden or Trump a facetune, or even show them shaking hands with Abraham Lincoln. But don’t use AI to show your competitor hugging an enemy or fake their voice commenting on current issues.
  • The pledge also includes not using AI to suppress voting, such as using an authoritative voice or image to tell people a polling place has been closed. That is already illegal in many states, but it’s still concerning how believable AI might make these efforts seem.
  • Don’t deepfake yourself. Making yourself or your favorite candidate appear more knowledgeable, experienced or culturally capable is also a form of deception.
  • (Pressed on the ethics of his use of AI, Adams just proved my point that we desperately need some ground rules. “These are part of the broader conversations that the philosophical people will have to sit down and figure out, ‘Is this ethically right or wrong?’ I’ve got one thing: I’ve got to run the city,” he said.)
  • The golden rule in my pledge — don’t use AI to be materially deceptive — is similar to the one in an AI regulation proposed by a bipartisan group of lawmakers
  • Such proposals have faced resistance in Washington on First Amendment grounds. The free speech of politicians is important. It’s not against the law for politicians to lie, whether they’re using AI or not. An effort to get the Federal Election Commission to count AI deepfakes as “fraudulent misrepresentation” under its existing authority has faced similar pushback.
  • But a pledge like the one I outline here isn’t a law restraining speech. It’s asking politicians to take a principled stand on their own use of AI
  • Schumer said he thinks my pledge is just a start of what’s needed. “Maybe most candidates will make that pledge. But the ones that won’t will drive us to a lower common denominator, and that’s true throughout AI,” he said. “If we don’t have government-imposed guardrails, the lowest common denominator will prevail.”
Javier E

How a French Bank Captured Haiti - The New York Times - 0 views

www.nytimes.com/...french-banks-haiti-cic.html

haiti france imperialism exploitation financial bank history policy economics caribbean

shared by Javier E on 21 May 22 - No Cached
  • The documents help explain why Haiti remained on the sidelines during a period so rich with modernization and optimism that Americans dubbed it the Gilded Age and the French called it the Belle Époque. This extraordinary growth benefited both faraway powers and developing neighbors, yet Haiti had vanishingly little to invest in basics like running water, electricity or education.
  • The damage was lasting. Over three decades, French shareholders made profits of at least $136 million in today’s dollars from Haiti’s national bank — about an entire year’s worth of the country’s tax revenues at the time, the documents show.
  • The financial historian Éric Monnet of the Paris School of Economics summed up the national bank’s role as “pure extraction.”
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  • Had the wealth siphoned off by Haiti’s national bank stayed in the country, it would have added at least $1.7 billion to Haiti’s economy over the years — more than all of the government’s revenues in 2021.
  • “Isn’t it funny,” the Haitian politician and economist Edmond Paul wrote of the national bank in 1880, “that a bank that claims to come to the rescue of a depleted public treasury begins not by depositing money but by withdrawing everything of value?”
  • But while Haitians themselves were poor, Haiti could make you rich. As a British diplomat, Spenser St. John, wrote in 1884: “No country possesses greater capabilities, or a better geographical position, or more variety of soil, of climate, or of production.”
  • Slaveholders had taken that wealth for themselves, first with the whip, then with a flotilla of French warships, demanding compensation for plantations, land and what France considered its other lost property: the Haitian people. It was the first and only instance in which generations of free people had to pay the descendants of their former slave masters.
  • Beyond bricks and steel, Haiti earmarked about 20 percent of the French loan to pay off the last of the debt linked to France’s original ransom, according to the loan contract. “The country will finally come out of its malaise,” the Haitian government’s annual report predicted that year. “Our finances will prosper.”
  • None of that happened. Right off the top, French bankers took 40 percent of the loan in commissions and fees. The rest paid off old debts, or disappeared into the pockets of corrupt Haitian politicians.
  • The 1875 loan from Crédit Industriel and its partner left two major legacies. First is what the economist Thomas Piketty called the transition from “brutal colonialism” to “neocolonialism through debt.”
  • Haiti took on millions in new interest, hoping to finally shed the burden of paying its former slave masters. In that way, the loan helped prolong the misery of Haiti’s financial indentureship to France. Long after the former slaveholding families considered the debt settled, Haiti would still be paying — only now to Crédit Industriel.
Javier E

March 2020: How the Fed Averted Economic Disaster - WSJ - 0 views

www.wsj.com/...-economic-disaster-11645199788

fed pandemic monetary policy emergency history crisis us economics

shared by Javier E on 20 Feb 22 - No Cached
  • Over the week of March 16, markets experienced an enormous shock to what investors refer to as liquidity, a catchall term for the cost of quickly converting an asset into cash.
  • Mr. Powell bluntly directed his colleagues to move as fast as possible.
  • They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies.
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  • They were offering nearly unlimited cheap debt to keep the wheels of finance turning, and when that didn’t help, the Fed began purchasing massive quantities of government debt outright.
  • Investors dumped whatever they could, including ostensibly “risk-free” U.S. Treasury securities. As a global dash for dollars unfolded, Treasurys were no longer serving as the market’s traditional shock absorbers, amplifying extreme turmoil on Wall Street.
  • By week’s end, the Dow had plunged more than 10,000 points since mid-February as investors struggled to get their arms around what a halt to global commerce would mean for businesses that would soon have no revenue.
  • “It was sheer, unadulterated panic, of a magnitude that was far worse than in 2008 and 2009. Far worse,”
  • The idea of shutting down markets was especially discouraging: “It was a profoundly un-American thing to contemplate, to just shut everything down, and almost fatalistic—that we’re not going to get out of this.”
  • nearly two years later, most agree that the Fed’s actions helped to save the economy from going into a pandemic-induced tailspin.
  • “My thought was—I remember this very clearly—‘O.K. We have a four-or-five-day chance to really get our act together and get ahead of this. We’re gonna try to get ahead of this,’” Mr. Powell recalled later. “And we were going to do that by just announcing a ton of stuff on Monday morning.”
  • It worked. The Fed’s pledges to backstop an array of lending, announced on Monday, March 23, would unleash a torrent of private borrowing based on the mere promise of central bank action—together with a massive assist by Congress, which authorized hundreds of billions of dollars that would cover any losses.
  • If the hardest-hit companies like Carnival, with its fleet of 104 ships docked indefinitely, could raise money in capital markets, who couldn’t?
  • on April 9, where he shed an earlier reluctance to express an opinion about government spending policies, which are set by elected officials and not the Fed. He spoke in unusually moral terms. “All of us are affected,” he said. “But the burdens are falling most heavily on those least able to carry them…. They didn’t cause this. Their business isn’t closed because of anything they did wrong. This is what the great fiscal power of the United States is for—to protect these people as best we can from the hardships they are facing.”
  • They were extraordinary words from a Fed chair who during earlier, hot-button policy debates said the central bank needed to “stay in its lane” and avoid providing specific advice.
  • To avoid a widening rift between the market haves (who had been given access to Fed backstops) and the market have-nots (who had been left out because their debt was deemed too risky), Mr. Powell had supported a decision to extend the Fed’s lending to include companies that were being downgraded to “junk” status in the days after it agreed to backstop their bonds.
  • Most controversially, Mr. Powell recommended that the Fed purchase investment vehicles known as exchange-traded funds, or ETFs, that invest in junk debt. He and his colleagues feared that these “high-yield” bonds might buckle, creating a wave of bankruptcies that would cause long-term scarring in the economy.
  • Mr. Powell decided that it was better to err on the side of doing too much than not doing enough.
  • , Paul Singer, who runs the hedge-fund firm Elliott Management, warned that the Fed was sowing the seeds of a bigger crisis by absolving markets of any discipline. “Sadly, when people (including those who should know better) do something stupid and reckless and are not punished,” he wrote, “it is human nature that, far from thinking that they were lucky to have gotten away with something, they are encouraged to keep doing the stupid thing.”
  • The breathtaking speed with which the Fed moved and with which Wall Street rallied after the Fed’s announcements infuriated Dennis Kelleher, a former corporate lawyer and high-ranking Senate aide who runs Better Markets, an advocacy group lobbying for tighter financial regulations.
  • This is a ridiculous discussion no matter how heartfelt Powell is about ‘we can’t pick winners and losers’—to which my answer is, ‘So instead you just make them all winners?’”
  • “Literally, not only has no one in finance lost money, but they’ve all made more money than they could have dreamed,” said Mr. Kelleher. “It just can’t be the case that the only thing the Fed can do is open the fire hydrants wide for everybody
  • Mr. Powell later defended his decision to purchase ETFs that had invested in junk debt. “We wanted to find a surgical way to get in and support that market because it’s a huge market, and it’s a lot of people’s jobs… What were we supposed to do? Just let them die and lose all those jobs?” he said. “If that’s the biggest mistake we made, stipulating it as a mistake, I’m fine with that. It wasn’t time to be making finely crafted judgments,” Mr. Powell said. He hesitated for a moment before concluding. “Do I regret it? I don’t—not really.”
  • “We didn’t know there was a vaccine coming. The pandemic is just raging. And we don’t have a plan,” said Mr. Powell. “Nobody in the world has a plan. And in hindsight, the worry was, ‘What if we can’t really fully open the economy for a long time because the pandemic is just out there killing people?’”
  • Mr. Powell never saw this as a particularly likely outcome, “but it was around the edges of the conversation, and we were very eager to do everything we could to avoid that outcome,”
  • The Fed’s initial response in 2020 received mostly high marks—a notable contrast with the populist ire that greeted Wall Street bailouts following the 2008 financial crisis. North Carolina Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, gave Mr. Powell an “A-plus for 2020,” he said. “On a one-to-10 scale? It was an 11. He gets the highest, highest marks, and deserves them. The Fed as an institution deserves them.”
  • The pandemic was the most severe disruption of the U.S. economy since the Great Depression. Economists, financial-market professionals and historians are only beginning to wrestle with the implications of the aggressive response by fiscal and monetary policy makers.
  • Altogether, Congress approved nearly $5.9 trillion in spending in 2020 and 2021. Adjusted for inflation, that compares with approximately $1.8 trillion in 2008 and 2009.
  • By late 2021, it was clear that many private-sector forecasters and economists at the Fed had misjudged both the speed of the recovery and the ways in which the crisis had upset the economy’s equilibrium. Washington soon faced a different problem. Disoriented supply chains and strong demand—boosted by government stimulus—had produced inflation running above 7%.
  • because the pandemic shock was akin to a natural disaster, it allowed Mr. Powell and the Fed to sidestep concerns about moral hazard—that is, the possibility that their policies would encourage people to take greater risks knowing that they were protected against larger losses. If a future crisis is caused instead by greed or carelessness, the Fed would have to take such concerns more seriously.
  • The high inflation that followed in 2021 might have been worse if the U.S. had seen more widespread bankruptcies or permanent job losses in the early months of the pandemic.
  • an additional burst of stimulus spending in 2021, as vaccines hastened the reopening of the economy, raised the risk that monetary and fiscal policy together would flood the economy with money and further fuel inflation.
  • The surge in federal borrowing since 2020 creates other risks. It is manageable for now but could become very expensive if the Fed has to lift interest rates aggressively to cool the economy and reduce high inflation.
  • The Congressional Budget Office forecast in December 2020 that if rates rose by just 0.1 percentage point more than projected in each year of the decade, debt-service costs in 2030 would rise by $235 billion—more than the Pentagon had requested to spend in 2022 on the Navy.
  • its low-rate policies have coincided with—and critics say it has contributed to—a longer-running widening of wealth inequality.
  • In 2008, household wealth fell by $8 trillion. It rose by $13.5 trillion in 2020, and in the process, spotlighted the unequal distribution of wealth-building assets such as houses and stocks.
  • Without heavy spending from Washington, focused on the needs of the least well-off, these disparities might have attracted more negative scrutiny.
  • Finally, the Fed is a technocratic body that can move quickly because it operates under few political constraints. Turning to it as the first line of defense in this and future crises could compromise its institutional independence.
  • Step one, he said, was to get in the fight and try to win. Figuring out how to exit would be a better problem to have, because it would mean they had succeeded.
  • “We have a recovery that looks completely unlike other recoveries that we’ve had because we’ve put so much support behind the recovery,” Mr. Powell said last month. “Was it too much? I’m going to leave that to the historians.”
  • The final verdict on the 2020 crisis response may turn on whether Mr. Powell is able to bring inflation under control without a painful recession—either as sharp price increases from 2021 reverse on their own accord, as officials initially anticipated, or because the Fed cools down the economy by raising interest rates.
Javier E

High Steaks - Slack Tide by Matt Labash - 0 views

mattlabash.substack.com/...high-steaks

rage inner life peace self-control dysfunction psychology culture crisis

shared by Javier E on 04 Feb 22 - No Cached
  • In the whole Bible there are perhaps no words that everybody everywhere can identify with more fully than the ones St. Paul wrote to the Roman church:  “I do not do the good I want, but the evil I do not want is what I do.” …..That is as rich a summation as any I know of the inner battle that we are all involved in. Which is the battle to break free from all the camouflaged and not so camouflaged hostilities that we half deplore, even as we engage in them.
  • These are the wars that go on within families, within marriages, the wars we wage with each other sometimes openly, but more often, so hiddenly. That even in the thick of them we are hardly aware of what we are doing
  • Sniping and skirmishing, defensive maneuvers, naked aggressions, and guerilla subversions are part of the lives of all of us.….If only we could see that the people we are  one way or another at war with are, more often than not, less to blame for the bad blood between us than we are.
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  • Because, again, more often than not, the very faults we find so unbearable in them are apt to be versions of the same faults that we are more or less blind to in our ourselves.
  • On this day, my text luckily came from the great Frederick Buechner, the Presbyterian minister, highly-decorated writer, and theologian.  I’ll let some of his words play us out. They might seem a bit preachy. But that’s to be expected, since they come from a book called Secrets In the Dark: A Life in Sermons.
  • some shit arrived in the mail. Not figuratively. A literal bag of shit, postmarked with a return P.O Box, but which came by way of an anonymous sender. My wife asked who would send such a thing to me. It’s hard to say – the suspect list is a mile long.  Irate subjects? Irate readers? My mom?
  • Forty-two percent of those survey respondents reported they themselves were angrier in the last year than they had been in the past
  • a 2019 NPR-IBM Watson Health poll found that a whopping 84 percent of survey respondents said Americans are angrier today than they were a generation ago.  (The other sixteen percent were presumably too angry to stay on the phone.)
  • According to The 19th, an Austin-based nonprofit news organization, in 2020, the Federal Aviation Administration initiated 183 investigations of unruly passenger behavior, well above average, even for a COVID year in which air travel was significantly diminished. By November of 2021, that number had increased to 990 investigations, after reports of 5,240 unruly incidents
Javier E

Ukraine War and U.S. Politics Complicate Climate Change Fight - The New York Times - 0 views

www.nytimes.com/...ion-biden-ukraine-climate.html

climate change politics us policy

shared by Javier E on 04 Mar 22 - No Cached
  • Energy experts said that Mr. Biden missed an opportunity to connect the war in Ukraine to the need to more swiftly sever an economic reliance on fossil fuels. “The president did not articulate the long-term opportunity for the U.S. to lead the world in breaking free of the geopolitical nightmare that is oil dependency,” said Paul Bledsoe, a strategic adviser to the Progressive Policy Institute, a Washington-based think tank.
  • In exposing the enormous leverage that Russia has enjoyed with its energy exports, the Ukraine conflict is forcing European leaders to make some urgent choices: Should it build new fossil fuel infrastructure so that it can replace Russian fuel with liquefied natural gas from elsewhere, chiefly the United States? Or should it shift away from fossil fuels faster?
  • A draft of the report, reviewed by The New York Times, suggests that the new strategy will propose speeding up energy efficiency measures and renewable energy installations. It views imports of liquefied natural gas, or L.N.G., from the United States and elsewhere as a short term measure to offset Russian piped gas.
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  • Analysts have said European countries can quickly reduce gas dependence with energy efficiency measures and ramping up renewable energy investments, which are already in line with Europe’s ambition to stop pumping additional greenhouse gases into the atmosphere by midcentury
  • The conflict in Ukraine could fast-track some of that. It could also lead to what Lisa Fischer, who follows energy policy at E3G, a research group, called “a tectonic shift” — using renewables, rather than ample gas storage, to achieve energy security.
  • The President’s centerpiece legislative agenda, which he had called the Build Back Better act, is dead. Democrats still hope to pass approximately $500 billion of clean energy tax incentives that had been part of the package, but opportunities to do so are waning
  • The United States, for its part, has ramped up exports of L.N.G. to Europe to counter the decline in Russian piped gas. By the end of this year, the United States is poised to have the world’s largest L.N.G. export capacity.
  • White House officials said Mr. Biden wove climate change and clean energy throughout his speech. He noted that Ford and GM are investing billions of dollars to build electric vehicles, creating millions of manufacturing jobs in the United States. He also noted that funding from the infrastructure package will build a national network of 500,000 electric vehicle charging stations.
  • “Energy is a key weapon within this fight, and if there were far less dependency on gas there would be a different set of plays.”
  • If that investment does not come through and the Supreme Court also restricts the administration’s ability to regulate emission, Mr. Biden’s goal of cutting United States emissions roughly in half compared with 2005 levels could be essentially unattainable.
  • Even if climate wasn’t the stated focus of Mr. Biden’s Tuesday address, administration officials said that Russia’s war against Ukraine has not pushed climate change off the agenda. They noted that Mr. Biden has made climate change an emphasis in virtually every federal agency, and has moved ahead with major clean energy deployments including a record-breaking offshore wind auction last week that brought in more than $4 billion.
criscimagnael

Xi and Putin's 'No Limits' Bond Leaves China Few Options on Ukraine - The New York Times - 0 views

www.nytimes.com/...putin-ukraine-china-xi.html

shared by criscimagnael on 07 Mar 22 - No Cached
  • They had just finalized a statement declaring their vision of a new international order with Moscow and Beijing at its core, untethered from American power.
  • Over dinner, according to China’s official readout, they discussed “major hot-spot issues of mutual concern.”
  • Publicly, Mr. Xi and Mr. Putin had vowed that their countries’ friendship had “no limits.” The Chinese leader also declared that there would be “no wavering” in their partnership, and he added his weight to Mr. Putin’s accusations of Western betrayal in Europe.
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  • The implications for China extend beyond Ukraine, and even Europe.
  • “He’s damned if he did know, and damned if he didn’t,” Paul Haenle, a former director for China on the National Security Council, said of whether Mr. Xi had been aware of Russia’s plans to invade. “If he did know and he didn’t tell people, he’s complicit; if he wasn’t told by Putin, it’s an affront.”
  • In any case, the invasion evidently surprised many in Beijing’s establishment
  • Mr. Xi’s statement with Mr. Putin on Feb. 4 endorsed a Russian security proposal that would exclude Ukraine from joining the North Atlantic Treaty Organization.
  • Even so, as Mr. Putin became determined to reverse Ukraine’s turn to Western security protections, Chinese officials began to echo Russian arguments. Beijing also saw a growing threat from American-led military blocs.
  • “Putin may have done this anyway, but also it was unquestionably an enabling backdrop that was provided by the joint statement, the visit and Xi’s association with all of these things,”
  • “He owns that relationship with Putin,” Mr. Haenle said. “If you’re suggesting in the Chinese system right now that it was not smart to get that close to Russia, you’re in effect criticizing the leader.”
  • For decades it sought to build ties with Russia while also keeping Ukraine close.
  • Over the past years, as growing numbers of Ukrainians supported joining NATO, Chinese diplomats did not raise objections with Kyiv, said Sergiy Gerasymchuk, an analyst with Ukrainian Prism, a foreign policy research organization in Kyiv.
  • For both leaders, their partnership was an answer to Mr. Biden’s effort to forge an “alliance of democracies.”
  • Before and shortly after the invasion, Beijing sounded sympathetic to Moscow’s security demands, mocking Western warnings of war and accusing the United States of goading Russia. Over the past two weeks, though, China has sought to edge slightly away from Russia. It has softened its tone, expressing grief over civilian casualties. It has cast itself as an impartial party, calling for peace talks and for the war to stop as soon as possible.
  • Beijing had its own complaints with NATO, rooted in the bombing of the Chinese Embassy in Belgrade, Serbia, during NATO’s war in 1999 to protect a breakaway region, Kosovo. Those suspicions deepened when NATO in 2021 began to describe China as an emerging challenge to the alliance.
  • n Feb. 23, a foreign ministry spokeswoman, Hua Chunying, accused Washington of “manufacturing panic.”
  • Chinese officials tweaked their calls to heed Russia’s security, stressing that “any country’s legitimate security concerns should be respected.” They still did not use the word “invasion,” but have acknowledged a “conflict between Ukraine and Russia.”
  • “Many decision makers in China began to perceive relations in black and white: either you are a Chinese ally or an American one,”
  • “They still want to remain sort of neutral, but they bitterly failed.”
Javier E

The new tech worldview | The Economist - 0 views

www.economist.com/...the-new-tech-worldview

tech guru theories pundit culture innovation western civilization ai

shared by Javier E on 26 Dec 22 - No Cached
  • Sam Altman is almost supine
  • the 37-year-old entrepreneur looks about as laid-back as someone with a galloping mind ever could. Yet the ceo of OpenAi, a startup reportedly valued at nearly $20bn whose mission is to make artificial intelligence a force for good, is not one for light conversation
  • Joe Lonsdale, 40, is nothing like Mr Altman. He’s sitting in the heart of Silicon Valley, dressed in linen with his hair slicked back. The tech investor and entrepreneur, who has helped create four unicorns plus Palantir, a data-analytics firm worth around $15bn that works with soldiers and spooks
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  • a “builder class”—a brains trust of youngish idealists, which includes Patrick Collison, co-founder of Stripe, a payments firm valued at $74bn, and other (mostly white and male) techies, who are posing questions that go far beyond the usual interests of Silicon Valley’s titans. They include the future of man and machine, the constraints on economic growth, and the nature of government.
  • They share other similarities. Business provided them with their clout, but doesn’t seem to satisfy their ambition
  • The number of techno-billionaires in America (Mr Collison included) has more than doubled in a decade.
  • ome of them, like the Medicis in medieval Florence, are keen to use their money to bankroll the intellectual ferment
  • The other is Paul Graham, co-founder of Y Combinator, a startup accelerator, whose essays on everything from cities to politics are considered required reading on tech campuses.
  • Mr Altman puts it more optimistically: “The iPhone and cloud computing enabled a Cambrian explosion of new technology. Some things went right and some went wrong. But one thing that went weirdly right is a lot of people got rich and said ‘OK, now what?’”
  • A belief that with money and brains they can reboot social progress is the essence of this new mindset, making it resolutely upbeat
  • The question is: are the rest of them further evidence of the tech industry’s hubristic decadence? Or do they reflect the start of a welcome capacity for renewal?
  • Two well-known entrepreneurs from that era provided the intellectual seed capital for some of today’s techno nerds.
  • Mr Thiel, a would-be libertarian philosopher and investor
  • This cohort of eggheads starts from common ground: frustration with what they see as sluggish progress in the world around them.
  • In the 2000s Mr Thiel supported the emergence of a small community of online bloggers, self-named the “rationalists”, who were focused on removing cognitive biases from thinking (Mr Thiel has since distanced himself). That intellectual heritage dates even further back, to “cypherpunks”, who noodled about cryptography, as well as “extropians”, who believed in improving the human condition through life extensions
  • the rationalist movement has hit the mainstream. The result is a fascination with big ideas that its advocates believe goes beyond simply rose-tinted tech utopianism
  • A burgeoning example of this is “progress studies”, a movement that Mr Collison and Tyler Cowen, an economist and seer of the tech set, advocated for in an article in the Atlantic in 2019
  • Progress, they think, is a combination of economic, technological and cultural advancement—and deserves its own field of study
  • There are other examples of this expansive worldview. In an essay in 2021 Mr Altman set out a vision that he called “Moore’s Law for Everything”, based on similar logic to the semiconductor revolution. In it, he predicted that smart machines, building ever smarter replacements, would in the coming decades outcompete humans for work. This would create phenomenal wealth for some, obliterate wages for others, and require a vast overhaul of taxation and redistribution
  • His two bets, on OpenAI and nuclear fusion, have become fashionable of late—the former’s chatbot, ChatGPT, is all the rage. He has invested $375m in Helion, a company that aims to build a fusion reactor.
  • Mr Lonsdale, who shares a libertarian streak with Mr Thiel, has focused attention on trying to fix the shortcomings of society and government. In an essay this year called “In Defence of Us”, he argues against “historical nihilism”, or an excessive focus on the failures of the West.
  • With a soft spot for Roman philosophy, he has created the Cicero Institute in Austin that aims to inject free-market principles such as competition and transparency into public policy.
  • He is also bringing the startup culture to academia, backing a new place of learning called the University of Austin, which emphasises free speech.
  • All three have business ties to their mentors. As a teen, Mr Altman was part of the first cohort of founders in Mr Graham’s Y Combinator, which went on to back successes such as Airbnb and Dropbox. In 2014 he replaced him as its president, and for a while counted Mr Thiel as a partner (Mr Altman keeps an original manuscript of Mr Thiel’s book “Zero to One” in his library). Mr Thiel was also an early backer of Stripe, founded by Mr Collison and his brother, John. Mr Graham saw promise in Patrick Collison while the latter was still at school. He was soon invited to join Y Combinator. Mr Graham remains a fan: “If you dropped Patrick on a desert island, he would figure out how to reproduce the Industrial Revolution,”
  • While at university, Mr Lonsdale edited the Stanford Review, a contrarian publication co-founded by Mr Thiel. He went on to work for his mentor and the two men eventually helped found Palantir. He still calls Mr Thiel “a genius”—though he claims these days to be less “cynical” than his guru.
  • “The tech industry has always told these grand stories about itself,” says Adrian Daub of Stanford University and author of the book, “What Tech Calls Thinking”. Mr Daub sees it as a way of convincing recruits and investors to bet on their risky projects. “It’s incredibly convenient for their business models.”
  • Yet the impact could ultimately be positive. Frustrations with a sluggish society have encouraged them to put their money and brains to work on problems from science funding and the redistribution of wealth to entirely new universities. Their exaltation of science may encourage a greater focus on hard tech
  • Silicon Valley has shown an uncanny ability to reinvent itself in the past.
Javier E

The Density Divide and the Southernification of Rural America - 0 views

modelcitizen.substack.com/...vide-and-the-southernification

rural culture politics US history south

shared by Javier E on 03 Jan 24 - No Cached
  • As those contrasts have faded, so have these distinct regional, rural identities. Everywhere it’s the same cloying pop country, the same aggressively oversized Ford F-150s, the same tumbledown Wal-Marts and Dollar Generals, the same eagle-heavy fashion, the same confused, aggrieved air of relentless material decline. Even the accents are more and more the same, trending toward a generalized Larry the Cable Guy twang.
  • America’s increasingly placeless, homogenous white rural culture isn’t a blend of all our various regional cultures. Rural Iowans and Minnesotans sound more like rural Missourians than the reverse.
  • Many large metropolitan areas grew faster over the past decade than the Bureau had previously projected, with eight of the nation's ten largest cities showing an increased growth rate compared to the 2000 to 2010 period. At the same time, most of rural America shrank in absolute as well as relative terms. A majority—52 percent—of the nation's counties actually reported a smaller raw population in 2020 than they had in 2010.
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  • The fundamental geographic division in American politics has traditionally been a sectional conflict setting the North against the South. The idioms of "red states" and "blue states" caught on widely after the 2000 presidential election because they could be applied to a regional divide—blue North, red South—that was already presumed to reflect the main axis of political debate and competition. But the partisan difference between large-metro and rural residents has now become much larger than the gap between northerners and southerners.
  • I call this widening gap between the partisan loyalties of urban and rural America “the density divide.” Hopkins is clearly correct that urban vs. rural has eclipsed North vs. South as the geographic embodiment of our partisan divisions. As the old adage goes, a chart speaks a thousand white papers.
  • I suspect that battle between North and South lives on both culturally and geographically. The North has drifted out of the countryside and concentrated itself into our cities. At the same time, America’s rural and exurban counties have slowly become more and more homogenously Southern. The South has risen again … in rural Maine?
  • One of the puzzles of the 2016 election, and the catastrophe of the Trump presidency, is how populist white nationalism finally prevailed at a time when Americans, taken altogether, were less racist than ever
  • My hunch is that rural white culture, which was once regionally varied and distinctive, became more uniform by becoming increasingly Southern. I call this the Southernification thesis.
  • In the Density Divide, I argued that the key to answering “Why did white ethnonationalism finally work to win the GOP nomination and then the White House when it didn’t even get close to working for Pat Buchanan or Ron Paul?” was that residential self-selection on ethnicity, personality, and education had made lower density parts of the country progressively more homogenously ethnocentric and socially conservative, which finally made it possible to unify and organize rural and exurban whites as a single constituency.
  • I think it’s an incomplete explanation without something like the Southernification thesis. Before it could be successfully organized politically, America’s increasingly ethnocentric non-urban white population needed to be consolidated first through the adoption of a relatively uniform ethnocentric white culture.
  • When I was a kid, the Atlanta Bravesþff somehow became “America’s Team.” Could it be that the media mogul who married Hanoi Jane took the critical first step in bringing non-urban white America together by beaming sanitized Southern culture into living rooms everywhere?
Javier E

Review: 'The Free World' by Louis Menand - The Atlantic - 0 views

www.theatlantic.com/...618713

free world intellectual artistic cultural history US european book review

shared by Javier E on 07 May 24 - No Cached
  • ouis Menand’s big new book on art, literature, music, and thought from 1945 to 1965 instills the conviction that the 20th century is well and truly over
  • For those of us who lived through any portion of this period and its immediate aftermath, the book is a rather amazing compendium of the scholarly research, revision, and demythologizing that have been accomplished in recent decades.
  • Interweaving post-1945 art history, literary history, and intellectual history, Menand provides a familiar outline; the picture he presents is one of cultural triumph backed by American wealth and aggressive foreign policy.
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  • guided by a fascination with the wayward paths to fame, he half-unwittingly sows doubt about the justice of the American rise to artistic leadership in the postwar era. In his erudite account, artistic success owes little to vision and purpose, more to self-promotion, but most to unanticipated adoption by bigger systems with other aims, principally oriented toward money, political advantage, or commercial churn
  • For the greatness and inevitability of artistic consecration, Menand substitutes the arbitrary confluences of forces at any given moment.
  • The curriculum runs chapter by chapter through George Kennan, George Orwell, Jean-Paul Sartre, Hannah Arendt, Jackson Pollock, Lionel Trilling, Allen Ginsberg, Claude Lévi-Strauss, Robert Rauschenberg and John Cage, Elvis and the Beatles, Isaiah Berlin, James Baldwin, Jack Kerouac, Andy Warhol, Susan Sontag, and Pauline Kael. Each biography opens a door to a school or trend of work
  • Menand’s is not a “great man” view of history, because no one seems particularly great. One gets a feeling for Sartre as a person, a limited knowledge of how Sartre made Being and Nothingness, and a vivid sense of how the book made Sartre a celebrity. Then one learns how a troupe of others came along and rode his success like a sled.
  • Menand zooms in and out between individual egomaniacs and the milieus that facilitated their ascent and profited from their publicity.
  • group biographies, in miniature, of the existentialists, the Beats, the action painters, the Black Mountain School, the British Invasion, the pop artists, and many coteries more—are enchanting singly but demoralizing as they pile up
  • All of these enterprises look like hives of social insects, not selfless quests for truth or beauty. Menand is a world-class entomologist: He can name every indistinguishable drone, knows who had an oversize mandible, who lost a leg, who carried the best crumbs.
  • From this vantage, the monuments really are just anthills.
  • Menand is truly one of the great explainers. He quotes approvingly a lesson taken by Lionel Trilling from his editor Elliot Cohen: “No idea was so difficult and complex but that it could be expressed in a way that would make it understood by anyone to whom it might conceivably be of interest.”
  • Menand’s account of each is an abbreviated tour de force. His explanations work at all levels: interpretation for scholars, review for general readers, introductions for neophytes. Where another writer would take 20 pages to tell us why someone or something mattered historically, Menand does it in two.
  • He is accurate, he is insightful, and he is not a dumber-downer
  • The underlying theory of the book rests on a picture of what makes for “cultural winners,” works and ideas that Menand defines as
  • Menand’s recountings are less concerned with the changing meanings of individual works than with their successive adoptions and co-optations, in defiance of depth and meaning. It is a process of “winning” often based on cults of personality, indifference to complex origins, and the fortune or misfortune of timing
  • goods or styles that maintain market share through “generational” taste shifts—that is, through all the “the king is dead; long live the king” moments that mark the phases of cultural history for people living through it.
  • Menand is notably excellent on how commercial, regulatory, and technological changes determined which kinds of artwork made it to the public. His analysis helps demystify trends in commercial forms like film and pop music, especially when they otherwise seemed to run against the grain of pure profit
  • Often Menand’s point seems to be that the culture’s reigning talkers and salespeople and debaters need to conjure figures to venerate and attack (in ceaseless alternation) for short-range purposes of attention and competition. Any given work—1984, say, or Bonnie and Clyde—isn’t much of anything until it becomes a counter in other people’s games.
  • The central question of this period in culture might be whether U.S. artists lived up to expectations
  • In 1945, Europe was in ruins. America was rich and productive and dictated the terms of the postwar economic and political order. Certainly the U.S. had the power to pretend to cultural glory, too. But was it a pretense, or did Americans really continue and exceed the prewar triumphs of European modernism?
  • Most histories of the arts after 1945 assume that the greatest American successes deserved their fame.
  • The thrust of many of Menand’s retellings is that “in the business of cultural exchange, misprision is often the key to transmission.” Fame comes through misreadings, fantasies, unintended resonances, charisma, and publicity.
  • Menand’s book bequeaths the sense that the last laugh may truly have been on the self-seriousness of a whole historical period, one that treated its most publicized and successful arts figures far too generously, giving them too much credit for depth and vision, while missing the cynical forces by which they’d been buoyed up and marketed
  • Where did rock ’n’ roll come from?” Menand wonders. He answers that it was “the by-product of a number of unrelated developments in the American music business” that redirected sales to teenagers, and also the result of new radio-station competition, the partial racial desegregation of the music charts, and the arrival of 200-disc jukeboxes
  • The idea of a “culture industry”
  • is used unironically by Menand to name the vastly scaled-up production and consumption of all artistic experience. “The culture industries, as they expanded, absorbed and commercialized independent and offbeat culture-makers, and the university, as it expanded, swallowed up the worlds of creative writing and dissident political opinion.”
  • With his eye on this process, we miss out on artists and thinkers who dug deep and stayed home, who produced as hermits or eccentrics or introverted students of their art
  • “Foreign film” in America in the ’50s and ’60s—when independent art cinemas emerged, showing imports such as work by Ingmar Bergman and the French New Wave—proves to have been energized by a successful federal-government antitrust action against the monopolistic Hollywood studios
  • I can imagine The Free World leaving my hypothetical college senior, denizen of the bleak attention economy of the 21st century, feeling liberated to discover that culture was no better—no more committed to a quest for what is true, noble, lasting, and beautiful—in the world of the Baby Boomers and beaming grandparents.
  • The book is so masterful, and exhibits such brilliant writing and exhaustive research, that I wonder whether Menand could truly have intended where his history of the postwar era landed me. I learned so much, and ended up caring so much les
Javier E

Opinion | Ozempic Is Repairing a Hole in Our Diets Created by Processed Foods - The New... - 0 views

www.nytimes.com/...ozempic-weight-loss-drugs.html

satiety food industry UPFs morality hunger appetite

shared by Javier E on 08 May 24 - No Cached
  • In the United States (where I now split my time), over 70 percent of people are overweight or obese, and according to one poll, 47 percent of respondents said they were willing to pay to take the new weight-loss drugs.
  • They cause users to lose an average of 10 to 20 percent of their body weight, and clinical trials suggest that the next generation of drugs (probably available soon) leads to a 24 percent loss, on average
  • I was born in 1979, and by the time I was 21, obesity rates in the United States had more than doubled. They have skyrocketed since. The obvious question is, why? And how do these new weight-loss drugs work?
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  • The answer to both lies in one word: satiety. It’s a concept that we don’t use much in everyday life but that we’ve all experienced at some point. It describes the sensation of having had enough and not wanting any more.
  • The primary reason we have gained weight at a pace unprecedented in human history is that our diets have radically changed in ways that have deeply undermined our ability to feel sated
  • The evidence is clear that the kind of food my father grew up eating quickly makes you feel full. But the kind of food I grew up eating, much of which is made in factories, often with artificial chemicals, left me feeling empty and as if I had a hole in my stomach
  • In a recent study of what American children eat, ultraprocessed food was found to make up 67 percent of their daily diet. This kind of food makes you want to eat more and more. Satiety comes late, if at all.
  • After he moved in 2000 to the United States in his 20s, he gained 30 pounds in two years. He began to wonder if the American diet has some kind of strange effect on our brains and our cravings, so he designed an experiment to test it.
  • He and his colleague Paul Johnson raised a group of rats in a cage and gave them an abundant supply of healthy, balanced rat chow made out of the kind of food rats had been eating for a very long time. The rats would eat it when they were hungry, and then they seemed to feel sated and stopped. They did not become fat.
  • then Dr. Kenny and his colleague exposed the rats to an American diet: fried bacon, Snickers bars, cheesecake and other treats. They went crazy for it. The rats would hurl themselves into the cheesecake, gorge themselves and emerge with their faces and whiskers totally slicked with it. They quickly lost almost all interest in the healthy food, and the restraint they used to show around healthy food disappeared. Within six weeks, their obesity rates soared.
  • They took all the processed food away and gave the rats their old healthy diet. Dr. Kenny was confident that they would eat more of it, proving that processed food had expanded their appetites. But something stranger happened. It was as though the rats no longer recognized healthy food as food at all, and they barely ate it. Only when they were starving did they reluctantly start to consume it again.
  • Drugs like Ozempic work precisely by making us feel full.
  • processed and ultraprocessed food create a raging hole of hunger, and these treatments can repair that hole
  • the drugs are “an artificial solution to an artificial problem.”
  • Yet we have reacted to this crisis largely caused by the food industry as if it were caused only by individual moral dereliction
  • Why do we turn our anger inward and not outward at the main cause of the crisis? And by extension, why do we seek to shame people taking Ozempic but not those who, say, take drugs to lower their blood pressure?
  • The first is the belief that obesity is a sin.
  • The second idea is that we are all in a competition when it comes to weight. Ours is a society full of people fighting against the forces in our food that are making us fatter.
  • Looked at in this way, people on Ozempic can resemble cyclists like Lance Armstrong who used performance-enhancing drugs.
  • We can’t find our way to a sane, nontoxic conversation about obesity or Ozempic until we bring these rarely spoken thoughts into the open and reckon with them
  • remember the competition isn’t between you and your neighbor who’s on weight-loss drugs. It’s between you and a food industry constantly designing new ways to undermine your satiety.
  • Reducing or reversing obesity hugely boosts health, on average: We know from years of studying bariatric surgery that it slashes the risks of cancer, heart disease and diabetes-related death. Early indications are that the new anti-obesity drugs are moving people in a similar radically healthier direction,
  • But these drugs may increase the risk for thyroid cancer.
  • Do we want these weight loss drugs to be another opportunity to tear one another down? Or do we want to realize that the food industry has profoundly altered the appetites of us all — leaving us trapped in the same cage, scrambling to find a way out?
Javier E

Suddenly There Aren't Enough Babies. The Whole World Is Alarmed. - WSJ - 0 views

www.wsj.com/...-global-decline-cause-ddaf8be2

population demographic revolution decline global response

shared by Javier E on 14 May 24 - No Cached
  • The world is at a startling demographic milestone. Sometime soon, the global fertility rate will drop below the point needed to keep population constant. It may have already happened.
  • Fertility is falling almost everywhere, for women across all levels of income, education and labor-force participation.
  • Governments have rolled out programs to stop the decline—but so far they’ve barely made a dent.
  • ...49 more annotations...
  • It’s dropping in developing countries, too. India surpassed China as the most populous country last year, yet its fertility is now below replacement.
  • “The demographic winter is coming,”
  • Smaller populations come with diminished global clout, raising questions in the U.S., China and Russia about their long-term standings as superpowers.
  • Some demographers think the world’s population could start shrinking within four decades—one of the few times it’s happened in history.
  • A year ago Japanese Prime Minister Fumio Kishida declared that the collapse of the country’s birthrate left it “standing on the verge of whether we can continue to function as a society.”
  • Had fertility stayed near 2.1, where it stood in 2007, the U.S. would have welcomed an estimated 10.6 million more babies since
  • In 2017, when the global fertility rate—a snapshot of how many babies a woman is expected to have over her lifetime—was 2.5, the United Nations thought it would slip to 2.4 in the late 2020s. Yet by 2021, the U.N. concluded, it was already down to 2.3—close to what demographers consider the global replacement rate of about 2.2
  • He has found that national birth registries are typically reporting births 10% to 20% below what the U.N. projected.
  • China reported 9 million births last year, 16% less than projected in the U.N.’s central scenario. In the U.S., 3.59 million babies were born last year, 4% less than the U.N. projected. In other countries, the undershoot is even larger: Egypt reported 17% fewer births last year. In 2022, Kenya reported 18% fewer.
  • In 2017 the U.N. projected world population, then 7.6 billion, would keep climbing to 11.2 billion in 2100. By 2022 it had lowered and brought forward the peak to 10.4 billion in the 2080s. That, too, is likely out of date
  • the University of Washington now thinks it will peak around 9.5 billion in 2061 then start declining. 
  • The falling birthrates come with huge implications for the way people live, how economies grow and the standings of the world’s superpowers.
  • In the U.S., a short-lived pandemic baby boomlet has reversed. The total fertility rate fell to 1.62 last year, according to provisional government figures, the lowest on record.
  • In 2017, when the fertility rate was 1.8, the Census Bureau projected it would converge over the long run to 2.0. It has since revised that down to 1.5. “It has snuck up on us,”
  • Historians refer to the decline in fertility that began in the 18th century in industrializing countries as the demographic transition. As lifespans lengthened and more children survived to adulthood, the impetus for bearing more children declined. As women became better educated and joined the workforce, they delayed marriage and childbirth, resulting in fewer children. 
  • Some demographers see this as part of a “second demographic transition,” a societywide reorientation toward individualism that puts less emphasis on marriage and parenthood, and makes fewer or no children more acceptable. 
  • In research published in 2021, the University of Maryland’s Kearney and two co-authors looked for possible explanations for the continued drop. They found that state-level differences in parental abortion notification laws, unemployment, Medicaid availability, housing costs, contraceptive usage, religiosity, child-care costs and student debt could explain almost none of the decline
  • “We suspect that this shift reflects broad societal changes that are hard to measure or quantify,” they conclude.
  • while raising children is no more expensive than before, parents’ preferences and perceived constraints have changed
  • “If people have a preference for spending time building a career, on leisure, relationships outside the home, that’s more likely to come in conflict with childbearing.” 
  • Once a low fertility cycle kicks in, it effectively resets a society’s norms and is thus hard to break, said Jackson. “The fewer children you see your colleagues and peers and neighbors having, it changes the whole social climate,”
  • Fertility is below replacement in India even though the country is still poor and many women don’t work—factors that usually sustain fertility.
  • Urbanization and the internet have given even women in traditional male-dominated villages a glimpse of societies where fewer children and a higher quality of life are the norm. “People are plugged into the global culture,
  • mothers and fathers, especially those that are highly educated, spend more time with their children than in the past. “The intensity of parenting is a constraint,”
  • Sub-Saharan Africa once appeared resistant to the global slide in fertility, but that too is changing. The share of all women of reproductive age using modern contraception grew from 17% in 2012 to 23% in 2022
  • Jose Rimon, a professor of public health at Johns Hopkins University, credits that to a push by national leaders in Africa which, he predicted, would drive fertility down faster than the U.N. projects. 
  • Mae Mariyam Thomas, 38, who lives in Mumbai and runs an audio production company, said she’s opted against having children because she never felt the tug of motherhood. She sees peers struggling to meet the right person, getting married later and, in some instances, divorcing before they have kids. At least three of her friends have frozen their eggs,
  • Danielle Vermeer grew up third in a family of four children on Chicago’s North Side, where her neighborhood was filled with Catholics of Italian, Irish and Polish descent and half her close friends had as many siblings as her or more.
  • Her Italian-American father was one of four children who produced 14 grandchildren. Now her parents have five grandchildren, including Vermeer’s two children, ages 4 and 7.
  • The 35-year-old, who is the co-founder of a fashion thrifting app, said that before setting out to have children, she consulted dozens of other couples and her Catholic church and read at least eight books on the subject, including one by Pope Paul VI. She and her husband settled on two as the right number.“The act of bringing a child into this world is an incredible responsibility,” she said.
  • Perhaps no country has been trying longer than Japan. After fertility fell to 1.5 in the early 1990s, the government rolled out a succession of plans that included parental leave and subsidized child care. Fertility kept falling.
  • In 2005, Kuniko Inoguchi was appointed the country’s first minister responsible for gender equality and birthrate. The main obstacle, she declared, was money: People couldn’t afford to get married or have children. Japan made hospital maternity care free and introduced a stipend paid upon birth of the child. 
  • Japan’s fertility rate climbed from 1.26 in 2005 to 1.45 in 2015. But then it started declining again, and in 2022 was back to 1.26.
  • This year, Prime Minister Fumio Kishida rolled out yet another program to increase births that extends monthly allowances to all children under 18 regardless of income, free college for families with three children, and fully paid parental leave.
  • noguchi, now a member of parliament’s upper house, said the constraint on would-be parents is no longer money, but time. She has pressed the government and businesses to adopt a four-day workweek
  • If you’re a government official or manager of a big corporation, you should not worry over questions of salary now, but that in 20 years time you will have no customers, no clients, no applicants to the Self-Defense Forces.”
  • Hungarian Prime Minister Viktor Orban has pushed one of Europe’s most ambitious natality agendas. Last year he expanded tax benefits for mothers so that women under the age of 30 who have a child are exempt from paying personal income tax for life. That’s on top of housing and child-care subsidies as well as generous maternity leaves. 
  • Hungary’s fertility rate, though still well below replacement, has risen since 2010. But the Vienna Institute of Demography attributed this primarily to women delaying childbirth because of a debt crisis that hit around 2010. Adjusted for that, fertility has risen only slightly, it concluded.
  • The usual prescription in advanced countries is more immigration, but that has two problems.
  • With no reversal in birthrates in sight, the attendant economic pressures are intensifying. Since the pandemic, labor shortages have become endemic throughout developed countries. That will only worsen in coming years as the postcrisis fall in birthrates yields an ever-shrinking inflow of young workers, placing more strain on healthcare and retirement systems.
  • worsening demographics could make this a second consecutive “lost decade” for global economic growth.
  • The Institute for Health Metrics and Evaluation found little evidence that pronatalist policies lead to sustained rebounds in fertility. A woman may get pregnant sooner to capture a baby bonus, researchers say, but likely won’t have more kids over the course of her lifetime.
  • As more countries confront stagnant population, immigration between them is a zero-sum gam
  • Historically, host countries have sought skilled migrants who enter through formal, legal channels, but recent inflows have been predominantly unskilled migrants often entering illegally and claiming asylum.
  • High levels of immigration have also historically aroused political resistance,
  • Many of the leaders keenest to raise birthrates are most resistant to immigratio
  • As birthrates fall, more regions and communities experience depopulation, with consequences ranging from closed schools to stagnant property values. Less selective colleges will soon struggle to fill classrooms because of the plunge in birthrates that began in 2007, said Fernández-Villaverde. Vance said rural hospitals can’t stay open because of the falling local population.
  • An economy with fewer children will struggle to finance pensions and healthcare for growing ranks of elderly. South Korea’s national pension fund, one of the world’s largest, is on track to be depleted by 2055
  • There’s been little public pressure to act, said Sok Chul Hong, an economist at Seoul National University. “The elderly are not very interested in pension reform, and the youth are apathetic towards politics,” he said. “It is truly an ironic situation.”
Javier E

Opinion | Empathy Is Exhausting. There Is a Better Way. - The New York Times - 0 views

www.nytimes.com/...israel-war-empathy-pain.html

empathy compassion response indifference evil distress

shared by Javier E on 03 Jan 24 - No Cached
  • “What can I even do?”Many people are feeling similarly defeated, and many others are outraged by the political inaction that ensues. A Muslim colleague of mine said she was appalled to see so much indifference to the atrocities and innocent lives lost in Gaza and Israel. How could anyone just go on as if nothing had happened?
  • inaction isn’t always caused by apathy. It can also be the product of empathy. More specifically, it can be the result of what psychologists call empathic distress: hurting for others while feeling unable to help.
  • I felt it intensely this fall, as violence escalated abroad and anger echoed across the United States. Helpless as a teacher, unsure of how to protect my students from hostility and hate. Useless as a psychologist and writer, finding words too empty to offer any hope. Powerless as a parent, searching for ways to reassure my kids that the world is a safe place and most people are good. Soon I found myself avoiding the news altogether and changing the subject when war came up
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  • Understanding how empathy can immobilize us like that is a critical step for helping others — and ourselves.
  • Empathic distress explains why many people have checked out in the wake of these tragedies
  • Having concluded that nothing they do will make a difference, they start to become indifferent.
  • The symptoms of empathic distress were originally diagnosed in health care, with nurses and doctors who appeared to become insensitive to the pain of their patients.
  • Early researchers labeled it compassion fatigue and described it as the cost of caring.
  • when two neuroscientists, Olga Klimecki and Tania Singer, reviewed the evidence, they discovered that “compassion fatigue” is a misnomer. Caring itself is not costly. What drains people is not merely witnessing others’ pain but feeling incapable of alleviating it.
  • In times of sustained anguish, empathy is a recipe for more distress, and in some cases even depression. What we need instead is compassion.
  • empathy and compassion aren’t the same. Empathy absorbs others’ emotions as your own: “I’m hurting for you.”
  • Compassion focuses your action on their emotions: “I see that you’re hurting, and I’m here for you.”
  • “Empathy is biased,” the psychologist Paul Bloom writes. It’s something we usually reserve for our own group, and in that sense, it can even be “a powerful force for war and atrocity.”
  • Dr. Singer and their colleagues trained people to empathize by trying to feel other people’s pain. When the participants saw someone suffering, it activated a neural network that would light up if they themselves were in pain. It hurt. And when people can’t help, they escape the pain by withdrawing.
  • To combat this, the Klimecki and Singer team taught their participants to respond with compassion rather than empathy — focusing not on sharing others’ pain but on noticing their feelings and offering comfort.
  • A different neural network lit up, one associated with affiliation and social connection. This is why a growing body of evidence suggests that compassion is healthier for you and kinder to others than empathy:
  • When you see others in pain, instead of causing you to get overloaded and retreat, compassion motivates you to reach out and help
  • The most basic form of compassion is not assuaging distress but acknowledging it.
  • in my research, I’ve found that being helpful has a secondary benefit: It’s an antidote to feeling helpless.
  • To figure out who needs your support after something terrible happens, the psychologist Susan Silk suggests picturing a dart board, with the people closest to the trauma in the bull’s-eye and those more peripherally affected in the outer rings.
  • Once you’ve figured out where you belong on the dart board, look for support from people outside your ring, and offer it to people closer to the center.
  • Even if people aren’t personally in the line of fire, attacks targeting members of a specific group can shatter a whole population’s sense of security.
  • If you notice that people in your life seem disengaged around an issue that matters to you, it’s worth considering whose pain they might be carrying.
  • Instead of demanding that they do more, it may be time to show them compassion — and help them find compassion for themselves, too.
  • Your small gesture of kindness won’t end the crisis in the Middle East, but it can help someone else. And that can give you the strength to help more.
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