What is true for class also goes for race, gender, age and a range of other affiliations: the American left are the products of the very society they are trying to change. As Trump has targeted women, black people, Latinos, Muslims and immigrants – to name but a few – so those groups have rallied and are asserting themselves while others, within the progressive coalition, have become more sensitized to their condition.
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'The United States is broken as hell' - the division in politics over race and class | ... - 0 views
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At a recent orientation for one Chicago-based progressive group new members related their experiences of the financial crash. The black participants shared stories about losing their jobs and homes and moving back in with their parents. The white ones talked about mounting college debt, graduating from college unable to find a job and moving in with their parents.
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The first women’s march in Pittsburgh, shortly after Trump’s inauguration, was deeply divided over the involvement of women of color, culminating in a separate march and a black organizer asking whether the official march was a “whites-only feminist event”. In a very segregated city with an almost even split among black, Latino and white, the socialist victories in Chicago came in a range of places, including predominantly black, Latino and white wards as well as a couple that were relatively mixed.
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The Chicago DSA branch is overwhelmingly white,” he concedes. “But if you look at the leadership, it’s overwhelmingly people of color. And if you look towards the work we’re doing it’s very intentionally geared towards issues that directly impact people of color and where the solution or the movement is led by people of color.”
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“They asked me: ‘How could you work with DSA?’ And I said, ‘I’m tired of people who advocate for me and my voice is not at the table.’ We don’t need any more spokespeople. We need people to walk with us.”
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“I think Trump is going to be a one-term president,” she says. “I don’t think he’s going to win at all. Unless, the Democratic party fucks up and gets this nomination wrong. Which they could.”
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First thing: The Trump administration's coronavirus whistleblower | US news | The Guardian - 0 views
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crisis corona international trump US politics economics culture
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Good morning. A top US government doctor has turned whistleblower after he says he was pushed out of his role in the search for a coronavirus vaccine. Rick Bright told the New York Times he believed he was dismissed as director of the US health department’s Biomedical Advanced Research and Development Authority because he resisted Donald Trump’s push to use an unproven malaria drug, hydroxychloroquine, as a treatment for Covid-19:
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Contrary to misguided directives, I limited the broad use of chloroquine and hydroxychloroquine, promoted by the administration as a panacea, but which clearly lack scientific merit.
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Trump and his cheerleaders at Fox News have recently backed away from promoting the possible benefits of hydroxychloroquine, after a trial of the drug in US veterans hospitals went badly. The president told reporters on Wednesday that he had “never heard of” Bright.
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Despite expressing his support for the anti-lockdown movement, Trump said on Wednesday that he “strongly” disagrees with Georgia governor Brian Kemp’s decision to reopen bowling alleys, hair salons and other businesses this weekend. Many of the state’s business owners have also concluded it is “way too early” to return to normal.
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The pandemic has made it almost impossible to register new voters using traditional methods in states across the US. That could have a huge impact on November’s election, writes Sam Levine.
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Mainland China reported 55,000 cases of coronavirus in the country’s first wave of infections. But a study by researchers in Hong Kong suggests that number would have been more like 232,000, had the later adopted definition of a Covid-19 case been applied from the outset.
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…Mexico, at least 21 doctors and nurses have suffered violent attacks, in public, after being wrongly accused of spreading the disease.
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doctor from Bolinas, California, says her small town north of San Francisco is hoping to become a “model” for the rest of the country, after resolving to test every single member of its community for Covid-19. The town raised $300,000 through GoFundMe to buy testing equipment for its population of 1,600, to help researchers understand how the virus s
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Two cats in New York state have tested positive for the virus, apparently after catching it from humans – the first confirmed cases of US pets catching Covid-19.
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Catastrophic’ flooding is coming soon. That’s according to new research, which has found that the number of people affected by floods will double to around 147 million annually by the end of the 2020s.
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'It's way too early': Georgia businesses wary of governor's invitation to reopen | US n... - 0 views
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Manuel’s Tavern, an institution in the unofficial capital of the American south, has been at the forefront of all things politics in Atlanta for the last 50 years, but on Friday the bar popular with the city’s power brokers will sit out the battle brewing in Georgia over the reopening of the state’s economy.
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The conservative Republican governor, Brian Kemp, has announced Georgians will be able to get a tattoo, go bowling and get their nails done starting on Friday and sit at a table in a restaurant at the start of next week. But Manuel’s Tavern posted a notice on its Facebook page with a blunt response.
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As much as I would like to be open, it’s not happening. Being closed has not been fun, but it’s been the safest, best thing we could do for our staff and our customers.”
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When asked if the the state legislature’s session – suspended since 12 March – would also resume, the governor told WGAU’s Tim Bryant lawmakers were “waiting to come back until it’s a safe environment to do so, and have the proper protocols where, you know, we can make sure that that’s not a dangerous situation for anyone that would need to be at the Capitol”.
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Critics say he is making decisions with politics uppermost in his mind, stirring a rightwing base in the hope of retaining power – much like Donald Trump.
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The opposing sides taken by the owners of Manuel’s – and many others like them in Georgia – and the state’s Republican leaders, backed by a few rightwing protest groups, are a microcosm of the controversy starting to play out across the US as some states push to reopen their economies in the face of dire warnings by many healthcare professionals.
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Many of the governor’s critics say his decision to allow certain businesses to reopen will affect minority communities disproportionately, giving the dispute a racial tinge in a region already rife with such issues.
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“This virus has disproportionately impacted the lives of black and brown people. We cannot and will not stand silently by and watch the premature opening of businesses that are mostly in the African American communities,” the Georgia Legislative Black Caucus (GLBC) said in a group statement.
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“Our first concern is ensuring the safety of our employees and patrons. While we obviously want to reopen, and we have an incentive to do so as business owners, we do not want to contribute to the spread of the virus,” he said in a statement to the Guardian.
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“We’re asking people to continue to not travel or run errands unless they need to. Certainly they can go to these establishments that I just talked about and other ones that are necessary,” he added about soon-to-be open nail salons and bowling alleys.
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Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Stree... - 2 views
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economics history literature good evil theory philosophy philosophers Bible Gilgamesh Adam Smith
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Instead of self-confident and self-centered answers, the author humbly asks fundamental questions: What is economics? What is its meaning? Where does this new religion, as it is sometimes called, come from? What are its possibilities and its limitations and borders, if there are any? Why are we so dependent on permanent growing of growth and growth of growing of growth? Where did the idea of progress come from, and where is it leading us? Why are so many economic debates accompanied by obsession and fanaticism?
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The majority of our political parties act with a narrow materialistic focus when, in their programs, they present the economy and finance first; only then, somewhere at the end, do we find culture as something pasted on or as a libation for a couple of madmen.
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most of them—consciously or unconsciously—accept and spread the Marxist thesis of the economic base and the spiritual superstructure.
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He tries to break free of narrow specialization and cross the boundaries between scientific disciplines. Expeditions beyond economics’ borders and its connection to history, philosophy, psychology, and ancient myths are not only refreshing, but necessary for understanding the world of the twenty-first century.
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“The separation between the history of a science, its philosophy, and the science itself dissolves into thin air, and so does the separation between science and non-science; differences between the scientific and unscientific are vanishing.”
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The study of the history of a certain field is not, as is commonly held, a useless display of its blind alleys or a collection of the field’s trials and errors (until we got it right), but history is the fullest possible scope of study of a menu that the given field can offer.
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History of thought helps us to get rid of the intellectual brainwashing of the age, to see through the intellectual fashion of the day, and to take a couple of steps back.
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Almost all of the key concepts by which economics operates, both consciously and unconsciously, have a long history, and their roots extend predominantly outside the range of economics, and often completely beyond that of science.
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That is the reason for this book: to look for economic thought in ancient myths and, vice versa, to look for myths in today’s economics.
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stories; Adam Smith believed. As he puts it in The Theory of Moral Sentiments, “the desire of being believed, or the desire of persuading, of leading and directing other people, seems to be one of the strongest of all our natural desires.”
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“The human mind is built to think in terms of narratives … in turn, much of human motivation comes from living through a story of our lives, a story that we tell to ourselves and that creates a framework of our motivation. Life could be just ‘one damn thing after another’ if it weren’t for such stories. The same is true for confidence in a nation, a company, or an institution. Great leaders are foremost creators of stories.”
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contrary to what our textbooks say, economics is predominantly a normative field. Economics not only describes the world but is frequently about how the world should be (it should be effective, we have an ideal of perfect competition, an ideal of high-GDP growth in low inflation, the effort to achieve high competitiveness …). To this end, we create models, modern parables,
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I will try to show that mathematics, models, equations, and statistics are just the tip of the iceberg of economics; that the biggest part of the iceberg of economic knowledge consists of everything else; and that disputes in economics are rather a battle of stories and various metanarratives than anything else.
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Before it was emancipated as a field, economics lived happily within subsets of philosophy—ethics, for example—miles away from today’s concept of economics as a mathematical-allocative science that views “soft sciences” with a scorn born from positivistic arrogance. But our thousand-year “education” is built on a deeper, broader, and oftentimes more solid base. It is worth knowing about.
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is a paradox that a field that primarily studies values wants to be value-free. One more paradox is this: A field that believes in the invisible hand of the market wants to be without mysteries.
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mathematics at the core of economics, or is it just the icing of the cake, the tip of the iceberg of our field’s inquiry?
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we seek to chart the development of the economic ethos. We ask questions that come before any economic thinking can begin—both philosophically and, to a degree, historically. The area here lies at the very borders of economics—and often beyond. We may refer to this as protoeconomics (to borrow a term from protosociology) or, perhaps more fittingly, metaeconomics (to borrow a term from metaphysics).
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In this sense, “the study of economics is too narrow and too fragmentary to lead to valid insight, unless complemented and completed by a study of metaeconomics.”17
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The more important elements of a culture or field of inquiry such as economics are found in fundamental assumptions that adherents of all the various systems within the epoch unconsciously presuppose. Such assumptions appear so obvious that people do not know what they are assuming, because no other way of putting things has ever occurred to them, as the philosopher Alfred Whitehead notes in Adventures of Ideas.
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I argue that economic questions were with mankind long before Adam Smith. I argue that the search for values in economics did not start with Adam Smith but culminated with him.
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We should go beyond economics and study what beliefs are “behind the scenes,” ideas that have often become the dominant yet unspoken assumptions in our theories. Economics is surprisingly full of tautologies that economists are predominantly unaware of. I
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argue that economics should seek, discover, and talk about its own values, although we have been taught that economics is a value-free science. I argue that none of this is true and that there is more religion, myth, and archetype in economics than there is mathematics.
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In a way, this is a study of the evolution of both homo economicus and, more importantly, the history of the animal spirits within him. This book tries to study the evolution of the rational as well as the emotional and irrational side of human beings.
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I argue that his most influential contribution to economics was ethical. His other thoughts had been clearly expressed long before him, whether on specialization, or on the principle of the invisible hand of the market. I try to show that the principle of the invisible hand of the market is much more ancient and developed long before Adam Smith. Traces of it appear even in the Epic of Gilgamesh, Hebrew thought, and in Christianity, and it is expressly stated by Aristophanes and Thomas Aquinas.
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This is not a book on the thorough history of economic thought. The author aims instead to supplement certain chapters on the history of economic thought with a broader perspective and analysis of the influences that often escape the notice of economists and the wider public.
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from his beginnings, man has been marked as a naturally unnatural creature, who for unique reasons surrounds himself with external possessions. Insatiability, both material and spiritual, are basic human metacharacteristics, which appear as early as the oldest myths and stories.
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the Hebrews, with linear time, and later the Christians gave us the ideal (or amplified the Hebrew ideal) we now embrace. Then the classical economists secularized progress. How did we come to today’s progression of progress, and growth for growth’s sake?
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Metamathematics From where did economics get the concept of numbers as the very foundation of the world?
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All of economics is, in the end, economics of good and evil. It is the telling of stories by people of people to people. Even the most sophisticated mathematical model is, de facto, a story, a parable, our effort to (rationally) grasp the world around us.
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idea that we can manage to utilize our natural egoism, and that this evil is good for something, is an ancient philosophical and mythical concept. We will also look into the development of the ethos of homo economicus, the birth of “economic man.”
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Originally, truth was a domain of poems and stories, but today we perceive truth as something much more scientific, mathematical. Where does one go (to shop) for the truth? And who “has the truth” in our epoch?
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Our animal spirits (something of a counterpart to rationality) are influenced by the archetype of the hero and our concept of what is good.
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The entire history of ethics has been ruled by an effort to create a formula for the ethical rules of behavior. In the final chapter we will show the tautology of Max Utility, and we will discuss the concept of Max Good.
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We understand “economics” to mean a broader field than just the production, distribution, and consumption of goods and services. We consider economics to be the study of human relations that are sometimes expressible in numbers, a study that deals with tradables, but one that also deals with nontradables (friendship, freedom, efficiency, growth).
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When we mention economics in this book, we mean the mainstream perception of it, perhaps as best represented by Paul Samuelson.
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By the term homo economicus, we mean the primary concept of economic anthropology. It comes from the concept of a rational individual, who, led by narrowly egotistical motives, sets out to maximize his benefit.
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the Epic of Gilgamesh bears witness to the opposite—despite the fact that the first written clay fragments (such as notes and bookkeeping) of our ancestors may have been about business and war, the first written story is mainly about great friendship and adventure.
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there is no mention of either money or war; for example, not once does anyone in the whole epic sell or purchase something.5 No nation conquers another, and we do not encounter a mention even of the threat of violence.
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Gilgamesh becomes a hero not only due to his strength, but also due to discoveries and deeds whose importance were in large part economic—direct gaining of construction materials in the case of felling the cedar forest, stopping Enkidu from devastating Uruk’s economy, and discovering new desert routes during his expeditions.
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Even today we live in Gilgamesh’s vision that human relations—and therefore humanity itself—are a disturbance to work and efficiency; that people would perform better if they did not “waste” their time and energy on nonproductive things.
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is a story of nature and civilization, of heroism, defiance, and the battle against the gods, and evil; an epic about wisdom, immortality, and also futility.
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But labour is unlike any other commodity. The work environment is of no concern for steel; we do not care about steel’s well-being.16
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But it is in friendship where—often by-the-way, as a side product, an externality—ideas and deeds are frequently performed or created that together can altogether change the face of society.19 Friendship can go against an ingrained system in places where an individual does not have the courage to do so himself or herself.
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As Joseph Stiglitz says, One of the great “tricks” (some say “insights”) of neoclassical economics is to treat labour like any other factor of production. Output is written as a function of inputs—steel, machines, and labour. The mathematics treats labour like any other commodity, lulling one into thinking of labour like an ordinary commodity, such as steel or plastic.
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Even the earliest cultures were aware of the value of cooperation on the working level—today we call this collegiality, fellowship, or, if you want to use a desecrated term, comradeship. These “lesser relationships” are useful and necessary for society and for companies because work can be done much faster and more effectively if people get along with each other on a human level
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But true friendship, which becomes one of the central themes of the Epic of Gilgamesh, comes from completely different material than teamwork. Friendship, as C. S. Lewis accurately describes it, is completely uneconomical, unbiological, unnecessary for civilization, and an unneeded relationship
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Here we have a beautiful example of the power of friendship, one that knows how to transform (or break down) a system and change a person. Enkidu, sent to Gilgamesh as a punishment from the gods, in the end becomes his faithful friend, and together they set out against the gods. Gilgamesh would never have gathered the courage to do something like that on his own—nor would Enkidu.
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Due to their friendship, Gilgamesh and Enkidu then intend to stand up to the gods themselves and turn a holy tree into mere (construction) material they can handle almost freely, thereby making it a part of the city-construct, part of the building material of civilization, thus “enslaving” that which originally was part of wild nature. This is a beautiful proto-example of the shifting of the borders between the sacred and profane (secular)—and to a certain extent also an early illustration of the idea that nature is there to provide cities and people with raw material and production resources.
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started with Babylonians—rural nature becomes just a supplier of raw materials, resources (and humans the source of human resources). Nature is not the garden in which humans were created and placed, which they should care for and which they should reside in, but becomes a mere reservoir for natural (re)sources.
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Even today, we often consider the domain of humanity (human relations, love, friendship, beauty, art, etc.) to be unproductive;
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Both heroes change—each from opposite poles—into humans. In this context, a psychological dimension to the story may be useful: “Enkidu (…) is Gilgamesh’s alter ego, the dark, animal side of his soul, the complement to his restless heart. When Gilgamesh found Enkidu, he changed from a hated tyrant into the protector of his city. (…)
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this moment of rebirth from an animal to a human state, the world’s oldest preserved epic implicitly hints at something highly important. Here we see what early cultures considered the beginning of civilization. Here is depicted the difference between people and animals or, better, savages. Here the epic quietly describes birth, the awakening of a conscious, civilized human. We are witnesses to the emancipation of humanity from animals,
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The entire history of culture is dominated by an effort to become as independent as possible from the whims of nature.39 The more developed a civilization is, the more an individual is protected from nature and natural influences and knows how to create around him a constant or controllable environment to his liking.
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The price we pay for independence from the whims of nature is dependence on our societies and civilizations. The more sophisticated a given society is as a whole, the less its members are able to survive on their own as individuals, without society.
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The epic captures one of the greatest leaps in the development of the division of labor. Uruk itself is one of the oldest cities of all, and in the epic it reflects a historic step forward in specialization—in the direction of a new social city arrangement. Because of the city wall, people in the city can devote themselves to things other than worrying about their own safety, and they can continue to specialize more deeply.
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Human life in the city gains a new dimension and suddenly it seems more natural to take up issues going beyond the life span of an individual. “The city wall symbolizes as well as founds the permanence of the city as an institution which will remain forever and give its inhabitants the certainty of unlimited safety, allowing them to start investing with an outlook reaching far beyond the borders of individual life.
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The wall around the city of Uruk is, among other things, a symbol of an internal distancing from nature, a symbol of revolts against submission to laws that do not come under the control of man and that man can at most discover and use to his benefit.
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“The chief thing which the common-sense individual wants is not satisfactions for the wants he had, but more, and better wants.”47
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If a consumer buys something, theoretically it should rid him of one of his needs—and the aggregate of things they need should be decreased by one item. In reality, though, the aggregate of “I want to have” expands together with the growing aggregate of “I have.”
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can be said that Enkidu was therefore happy in his natural state, because all of his needs were satiated. On the other hand, with people, it appears that the more a person has, the more developed and richer, the greater the number of his needs (including the unsaturated ones).
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the Old Testament, this relationship is perceived completely differently. Man (humanity) is created in nature, in a garden. Man was supposed to care for the Garden of Eden and live in harmony with nature and the animals. Soon after creation, man walks naked and is not ashamed, de facto the same as the animals. What is characteristic is that man dresses (the natural state of creation itself is not enough for him), and he (literally and figuratively) covers52 himself—in shame after the fall.53
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Nature is where one goes to hunt, collect crops, or gather the harvest. It is perceived as the saturator of our needs and nothing more. One goes back to the city to sleep and be “human.” On the contrary, evil resides in nature. Humbaba lives in the cedar forest, which also happens to be the reason to completely eradicate it.
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Symbolically, then, we can view the entire issue from the standpoint of the epic in the following way: Our nature is insufficient, bad, evil, and good (humane) occurs only after emancipation from nature (from naturalness), through culturing and education. Humanity is considered as being in civilization.
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The city was frequently (at least in older Jewish writings) a symbol of sin, degeneration, and decadence—nonhumanity. The Hebrews were originally a nomadic nation, one that avoided cities. It is no accident that the first important city57 mentioned in the Bible is proud Babylon,58 which God later turns to dust.
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is enough, for example, to read the Book of Revelation to see how the vision of paradise developed from the deep Old Testament period, when paradise was a garden. John describes his vision of heaven as a city—paradise is in New Jerusalem, a city where the dimensions of the walls(!) are described in detail, as are the golden streets and gates of pearl.
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Hebrews later also chose a king (despite the unanimous opposition of God’s prophets) and settled in cities, where they eventually founded the Lord’s Tabernacle and built a temple for Him. The city of Jerusalem later gained an illustrious position in all of religion.
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this time Christianity (as well as the influence of the Greeks) does not consider human naturalness to be an unambiguous good, and it does not have such an idyllic relationship to nature as the Old Testament prophets.
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If a tendency toward good is not naturally endowed in people, it must be imputed from above through violence or at least the threat of violence.
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If we were to look at human naturalness as a good, then collective social actions need a much weaker ruling hand. If people themselves have a natural tendency (propensity) toward good, this role does not have to be supplied by the state, ruler, or, if you wish, Leviathan.
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us return for the last time to the humanization of the wild Enkidu, which is a process we can perceive with a bit of imagination as the first seed of the principle of the market’s invisible hand, and therefore the parallels with one of the central schematics of economic thinking.
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Sometimes it is better to “harness the devil to the plow” than to fight with him. Instead of summoning up enormous energy in the fight against evil, it is better to use its own energy to reach a goal we desire; setting up a mill on the turbulent river instead of futile efforts to remove the current. This is also how Saint Prokop approached it in one of the oldest Czech legends.
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Enkidu caused damage and it was impossible to fight against him. But with the help of a trap, trick, this evil was transformed into something that greatly benefited civilization.
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Enkidu devastated the doings (the external, outside-the-walls) of the city. But he was later harnessed and fights at the side of civilization against nature, naturalness, the natural state of things.
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A similar motif appears a thousand years after the reversal, which is well known even to noneconomists as the central idea of economics: the invisible hand of the market.
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A similar story (reforming something animally wild and uncultivated in civilizational achievement) is used by Thomas Aquinas in his teachings. Several centuries later, this idea is fully emancipated in the hands of Bernard Mandeville and his Fable of the Bees: or, Private Vices, Publick Benefits. The economic and political aspects of this idea are—often incorrectly—ascribed to Adam Smith.
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Here the individual does not try anymore to maximize his goods or profits, but what is important is writing his name in human memory in the form of heroic acts or deeds.
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immortality, one connected with letters and the cult of the word: A name and especially a written name survives the body.”77
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After this disappointment, he comes to the edge of the sea, where the innkeeper Siduri lives. As tonic for his sorrow, she offers him the garden of bliss, a sort of hedonistic fortress of carpe diem, where a person comes to terms with his mortality and at least in the course of the end of his life maximizes earthly pleasures, or earthly utility.
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In the second stage, after finding his friend Enkidu, Gilgamesh abandons the wall and sets out beyond the city to maximalize heroism. “In his (…) search of immortal life, Gilgamesh
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The hero refuses hedonism in the sense of maximizing terrestrial pleasure and throws himself into things that will exceed his life. In the blink of an eye, the epic turns on its head the entire utility maximization role that mainstream economics has tirelessly tried to sew on people as a part of their nature.81
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It is simpler to observe the main features of our civilization at a time when the picture was more readable—at a time when our civilization was just being born and was still “half-naked.” In other words, we have tried to dig down to the bedrock of our written civilization;
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today remember Gilgamesh for his story of heroic friendship with Enkidu, not for his wall, which no longer reaches monumental heights.
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the eleventh and final tablet, Gilgamesh again loses what he sought. Like Sisyphus, he misses his goal just before the climax
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is there something from it that is valid today? Have we found in Gilgamesh certain archetypes that are in us to this day?
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The very existence of questions similar to today’s economic ones can be considered as the first observation. The first written considerations of the people of that time were not so different from those today. In other words: The epic is understandable for us, and we can identify with it.
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We have also been witnesses to the very beginnings of man’s culturing—a great drama based on a liberation and then a distancing from the natural state.
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Let us take this as a memento in the direction of our restlessness, our inherited dissatisfaction and the volatility connected to it. Considering that they have lasted five thousand years and to this day we find ourselves in harmony with a certain feeling of futility, perhaps these characteristics are inherent in man.
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Gilgamesh had a wall built that divided the city from wild nature and created a space for the first human culture. Nevertheless, “not even far-reaching works of civilization could satisfy human desire.”
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Friendship shows us new, unsuspected adventures, gives us the opportunity to leave the wall and to become neither its builder nor its part—to not be another brick in the wall.
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with the phenomenon of the creation of the city, we have seen how specialization and the accumulation of wealth was born, how holy nature was transformed into a secular supplier of resources, and also how humans’ individualistic ego was emancipated.
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to change the system, to break down that which is standing and go on an expedition against the gods (to awaken, from naïveté to awakening) requires friendship.
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For small acts (hunting together, work in a factory), small love is enough: Camaraderie. For great acts, however, great love is necessary, real love: Friendship. Friendship that eludes the economic understanding of quid pro quo. Friendship gives. One friend gives (fully) for the other. That is friendship for life and death,
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The thought that humanity comes at the expense of efficiency is just as old as humanity itself—as we have shown, subjects without emotion are the ideal of many tyrants.
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The epic later crashes this idea through the friendship of Gilgamesh and Enkidu. Friendship—the biologically least essential love, which at first sight appears to be unnecessary
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less a civilized, city person is dependent on nature, the more he or she is dependent on the rest of society. Like Enkidu, we have exchanged nature for society; harmony with (incalculable) nature for harmony with (incalculable) man.
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human nature good or evil? To this day these questions are key for economic policy: If we believe that man is evil in his nature, therefore that a person himself is dog eat dog (animal), then the hard hand of a ruler is called for. If we believe that people in and of themselves, in their nature, gravitate toward good, then it is possible to loosen up the reins and live in a society that is more laissez-faire.
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For a concept of historical progress, for the undeification of heroes, rulers, and nature, mankind had to wait for the Hebrews.
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Because nature is not undeified, it is beyond consideration to explore it, let alone intervene in it (unless a person was a two-thirds god like Gilgamesh). It
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They practiced money lending, traded in many assets (…) and especially were engaged in the trading of shares on capital markets, worked in currency exchange and frequently figured as mediators in financial transactions (…), they functioned as bankers and participated in emissions of all possible forms.
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As regards modern capitalism (as opposed to the ancient and medieval periods) … there are activities in it which are, in certain forms, inherently (and completely necessarily) present—both from an economic and legal standpoint.7
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As early as the “dark” ages, the Jews commonly used economic tools that were in many ways ahead of their time and that later became key elements of the modern economy:
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Gilgamesh’s story ends where it began. There is a consistency in this with Greek myths and fables: At the end of the story, no progress occurs, no essential historic change; the story is set in indefinite time, something of a temporal limbo.
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For a nation originally based on nomadism, where did this Jewish business ethos come from? And can the Hebrews truly be considered as the architects of the values that set the direction of our civilization’s economic thought?
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Hebrew religiosity is therefore strongly connected with this world, not with any abstract world, and those who take pleasure in worldly possessions are not a priori doing anything wrong.
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PROGRESS: A SECULARIZED RELIGION One of the things the writers of the Old Testament gave to mankind is the idea and notion of progress. The Old Testament stories have their development; they change the history of the Jewish nation and tie in to each other. The Jewish understanding of time is linear—it has a beginning and an end.
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The observance of God’s Commandments in Judaism leads not to some ethereal other world, but to an abundance of material goods (Genesis 49:25–26, Leviticus 26:3–13, Deuteronomy 28:1–13) (…) There are no accusing fingers pointed at
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There are no echoes of asceticism nor for the cleansing and spiritual effect of poverty. It is fitting therefore, that the founders of Judaism, the Patriarchs Abraham, Isaac and Jacob, were all wealthy men.12
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about due to a linear understanding of history. If history has a beginning as well as an end, and they are not the same point, then exploration suddenly makes sense in areas where the fruits are borne only in the next generation.
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What’s more, economic progress has almost become an assumption of modern functional societies. We expect growth. We take it automatically. Today, if nothing “new” happens, if GDP does not grow (we say it stagnates) for several quarters, we consider it an anomaly.
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however, the idea of progress itself underwent major changes, and today we perceive it very differently. As opposed to the original spiritual conceptions, today we perceive progress almost exclusively in an economic or scientific-technological sense.
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This is why we must constantly grow, because we (deep down and often implicitly) believe that we are headed toward an (economic) paradise on Earth.
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Only since the period of scientific-technological revolution (and at a time when economics was born as an independent field) is material progress automatically assumed.
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Jewish thought is the most grounded, most realistic school of thought of all those that have influenced our culture.17 An abstract world of ideas was unknown to the Jews. To this day it is still forbidden to even depict God, people, and animals in symbols, paintings, statues, and drawings.
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economists have become key figures of great importance in our time (Kacířské eseje o filosofii dějin [Heretical Essays in the Philosophy of History]). They are expected to perform interpretations of reality, give prophetic services (macroeconomic forecasts), reshape reality (mitigate the impacts of the crisis, speed up growth), and, in the long run, provide leadership on the way to the Promised Land—paradise on Earth.
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REALISM AND ANTIASCETICISM Aside from ideas of progress, the Hebrews brought another very fundamental contribution to our culture: The desacralization of heroes, nature, and rulers.
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Voltaire writes: “It certain fact is, that in his public laws he [Moses] never so much as once made mention of a life to come, limiting all punishments and all rewards to the present life.”21
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As opposed to Christianity, the concept of an extraterrestrial paradise or heaven was not developed much in Hebrew thought.19 The paradise of the Israelites—Eden—was originally placed on Earth at a given place in Mesopotamia20 and at a given time,
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The Hebrews consider the world to be real—not just a shadow reflection of a better world somewhere in the cloud of ideas, something the usual interpretation of history ascribes to Plato. The soul does not struggle against the body and is not its prisoner, as Augustine would write later.
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The land, the world, the body, and material reality are for Jews the paramount setting for divine history, the pinnacle of creation. This idea is the conditio sine qua non of the development of economics, something of an utterly earthly making,
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The mythology of the hero-king was strongly developed in that period, which Claire Lalouette summarizes into these basic characteristics: Beauty (a perfect face, on which it is “pleasant to look upon,” but also “beauty,” expressed in the Egyptian word nefer, not only means aesthetics, but contains moral qualities as well),
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THE HERO AND HIS UNDEIFICATION: THE DREAM NEVER SLEEPS The concept of the hero is more important than it might appear. It may be the remote origin of Keynes’s animal spirits, or the desire to follow a kind of internal archetype that a given individual accepts as his own and that society values.
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This internal animator of ours, our internal mover, this dream, never sleeps and it influences our behavior—including economic behavior—more than we want to realize.
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manliness and strength,28 knowledge and intelligence,29 wisdom and understanding, vigilance and performance, fame and renown (fame which overcomes enemies because “a thousand men would not be able to stand firmly in his presence”);30 the hero is a good shepherd (who takes care of his subordinates), is a copper-clad rampart, the shield of the land, and the defender of heroes.
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Each of us probably has a sort of “hero within”—a kind of internal role-model, template, an example that we (knowingly or not) follow. It is very important what kind of archetype it is, because its role is dominantly irrational and changes depending on time and the given civilization.
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The oldest was the so-called Trickster—a fraudster; then the culture bearer—Rabbit; the musclebound hero called Redhorn; and finally the most developed form of hero: the Twins.
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Jacob defrauds his father Isaac and steals his brother Esau’s blessing of the firstborn. Moses murders an Egyptian. King David seduces the wife of his military commander and then has him killed. In his old age, King Solomon turns to pagan idols, and so on.
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Anthropology knows several archetypes of heroes. The Polish-born American anthropologist Paul Radin examined the myths of North American Indians and, for example, in his most influential book, The Trickster, he describes their four basic archetypes of heroes.
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The Torah’s heroes (if that term can be used at all) frequently make mistakes and their mistakes are carefully recorded in the Bible—maybe precisely so that none of them could be deified.32
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We do not have to go far for examples. Noah gets so drunk he becomes a disgrace; Lot lets his own daughters seduce him in a similar state of drunkenness. Abraham lies and (repeatedly) tries to sell his wife as a concubine.
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the Hebrew heroes correspond most to the Tricksters, the Culture Bearers, and the Twins. The divine muscleman, that dominant symbol we think of when we say hero, is absent here.
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To a certain extent it can be said that the Hebrews—and later Christianity—added another archetype, the archetype of the heroic Sufferer.35 Job
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Undeification, however, does not mean a call to pillage or desecration; man was put here to take care of nature (see the story of the Garden of Eden or the symbolism of the naming of the animals). This protection and care of nature is also related to the idea of progress
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For the heroes who moved our civilization to where it is today, the heroic archetypes of the cunning trickster, culture bearer, and sufferer are rather more appropriate.
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the Old Testament strongly emphasizes the undeification of nature.37 Nature is God’s creation, which speaks of divinity but is not the domain of moody gods
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This is very important for democratic capitalism, because the Jewish heroic archetype lays the groundwork much better for the development of the later phenomenon of the hero, which better suits life as we know it today. “The heroes laid down their arms and set about trading to become wealthy.”
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in an Old Testament context, the pharaoh was a mere man (whom one could disagree with, and who could be resisted!).
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RULERS ARE MERE MEN In a similar historical context, the Old Testament teachings carried out a similar desacralization of rulers, the so-called bearers of economic policy.
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Ultimately the entire idea of a political ruler stood against the Lord’s will, which is explicitly presented in the Torah. The Lord unequivocally preferred the judge as the highest form of rule—an
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The needs of future generations will have to be considered; after all humankind are the guardians of God’s world. Waste of natural resources, whether privately owned or nationally owned is forbidden.”39
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Politics lost its character of divine infallibility, and political issues were subject to questioning. Economic policy could become a subject of examination.
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44 God first creates with the word and then on individual days He divides light from darkness, water from dry land, day from night, and so forth—and He gives order to things.45 The world is created orderly— it is wisely, reasonably put together. The way of the world is put together at least partially46 decipherably by any other wise and reasonable being who honors rational rules.
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which for the methodology of science and economics is very important because disorder and chaos are difficult to examine scientifically.43 Faith in some kind of rational and logical order in a system (society, the economy) is a silent assumption of any (economic) examination.
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THE PRAISE OF ORDER AND WISDOM: MAN AS A PERFECTER OF CREATION The created world has an order of sorts, an order recognizable by us as people,
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From the very beginning, when God distances Himself from the entire idea, there is an anticipation that there is nothing holy, let alone divine, in politics. Rulers make mistakes, and it is possible to subject them to tough criticism—which frequently occurs indiscriminately through the prophets in the Old Testament.
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Examining the world is therefore an absolutely legitimate activity, and one that is even requested by God—it is a kind of participation in the Creator’s work.51 Man is called on to understand himself and his surroundings and to use his knowledge for good.
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I was there when he set heavens in place, when he marked out the horizon on the face of the deep (…) Then I was the craftsman at his side.47
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There are more urgings to gain wisdom in the Old Testament. “Wisdom calls aloud in the street (…): ‘How long will you simple ones love your simple ways?’”49 Or several chapters later: “Wisdom is supreme; therefore get wisdom. Though it cost all you have, get understanding.”50
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examination is not forbidden. The fact that order can be grasped by human reason is another unspoken assumption that serves as a cornerstone of any scientific examination.
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then, my sons, listen to me; blessed are those who keep my ways (…) Blessed is the man who listens to me, watching daily at my doors, waiting at my doorway. For whoever finds me finds life and receives favor from the Lord.
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The Lord brought me forth as the first of his works, before his deeds of old. I was appointed from eternity, from the beginning, before the world began. When there were no oceans, I was given birth, when there were no springs abounding with water, before the mountains were settled in place,
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The Book of Proverbs emphasizes specifically several times that it was wisdom that was present at the creation of the world. Wisdom personified calls out:
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The last act, final stroke of the brush of creation, naming of the animals—this act is given to a human, it is not done by God, as one would expect. Man was given the task of completing the act of creation that the Lord began:
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MAN AS A FINISHER OF CREATION The creation of the world, as it is explained in Jewish teachings, is described in the Book of Genesis. Here God (i) creates, (ii) separates, and (iii) names [my emphasis]:
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Naming is a symbolic expression. In Jewish culture (and also in our culture to this day), the right to name meant sovereign rights and belonged, for example, to explorers (new places), inventors (new principles), or parents (children)—that is, to those who were there at the genesis, at the origin. This right was handed over by God to mankind.
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The Naming itself (the capital N is appropriate) traditionally belongs to the crowning act of the Creator and represents a kind of grand finale of creation, the last move of the brush to complete the picture—a signature of the master.
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Without naming, reality does not exist; it is created together with language. Wittgenstein tightly names this in his tractatus—the limits of our language are the limits of our world.53
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He invented (fictitiously and completely abstractly!) a framework that was generally accepted and soon “made into” reality. Marx invented similarly; he created the notion of class exploitation. Through his idea, the perception of history and reality was changed for a large part of the world for nearly an entire century.
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Reality is not a given; it is not passive. Perceiving reality and “facts” requires man’s active participation. It is man who must take the last step, an act (and we
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How does this relate to economics? Reality itself, our “objective” world, is cocreated, man himself participates in the creation; creation, which is somewhat constantly being re-created.
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Our scientific models put the finishing touches on reality, because (1) they interpret, (2) they give phenomena a name, (3) they enable us to classify the world and phenomena according to logical forms, and (4) through these models we de facto perceive reality.
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When man finds a new linguistic framework or analytical model, or stops using the old one, he molds or remolds reality. Models are only in our heads; they are not “in objective reality.” In this sense, Newton invented (not merely discovered!) gravity.
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A real-ization act on our part represents the creation of a construct, the imputation of sense and order (which is beautifully expressed by the biblical act of naming, or categorization, sorting, ordering).
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Keynes enters into the history of economic thought from the same intellectual cadence; his greatest contribution to economics was precisely the resurrection of the imperceptible—for example in the form of animal spirits or uncertainty. The economist Piero Mini even ascribes Keynes’s doubting and rebellious approach to his almost Talmudic education.63
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God connects man with the task of guarding and protecting the Garden of Eden, and thus man actually cocreates the cultural landscape. The Czech philosopher Zdeněk Neubauer also describes this: “Such is reality, and it is so deep that it willingly crystallizes into worlds. Therefore I profess that reality is a creation and not a place of occurrence for objectively given phenomena.”61
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in this viewpoint it is possible to see how Jewish thought is mystical—it admits the role of the incomprehensible. Therefore, through its groundedness, Jewish thought indulges mystery and defends itself against a mechanistic-causal explanation of the world: “The Jewish way of thinking, according to Veblen, emphasizes the spiritual, the miraculous, the intangible.
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The Jews believed the exact opposite. The world is created by a good God, and evil appears in it as a result of immoral human acts. Evil, therefore, is induced by man.66 History unwinds according to the morality of human acts.
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What’s more, history seems to be based on morals; morals seem to be the key determining factors of history. For the Hebrews, history proceeds according to how morally its actors behave.
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The Sumerians believed in dualism—good and evil deities exist, and the earth of people becomes their passive battlefield.
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GOOD AND EVIL IN US: A MORAL EXPLANATION OF WELL-BEING We have seen that in the Epic of Gilgamesh, good and evil are not yet addressed systematically on a moral level.
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This was not about moral-human evil, but rather a kind of natural evil. It is as if good and evil were not touched by morality at all. Evil simply occurred. Period.
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the epic, good and evil are not envisaged morally—they are not the result of an (a)moral act. Evil was not associated with free moral action or individual will.
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Hebrew thought, on the other hand, deals intensively with moral good and evil. A moral dimension touches the core of its stories.65
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The entire history of the Jewish nation is interpreted and perceived in terms of morality. Morality has become, so to speak, a mover and shaker of Hebrew history.
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sunspots. The Hebrews came up with the idea that morals were behind good and bad years, behind the economic cycle. But we would be getting ahead of ourselves. Pharaoh’s Dream: Joseph and the First Business Cycle To
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It is the Pharaoh’s well-known dream of seven fat and seven lean cows, which he told to Joseph, the son of Jacob. Joseph interpreted the dream as a macroeconomic prediction of sorts: Seven years of abundance were to be followed by seven years of poverty, famine, and misery.
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Self-Contradicting Prophecy Here, let’s make several observations on this: Through taxation74 on the level of one-fifth of a crop75 in good years to save the crop and then open granaries in bad years, the prophecy was de facto prevented (prosperous years were limited and hunger averted—through a predecessor of fiscal stabilization).
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The Old Testament prophesies therefore were not any deterministic look into the future, but warnings and strategic variations of the possible, which demanded some kind of reaction. If the reaction was adequate, what was prophesied would frequently not occur at all.
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This principle stands directly against the self-fulfilling prophecy,80 the well-known concept of social science. Certain prophecies become self-fulfilling when expressed (and believed) while others become self-contradicting prophecies when pronounced (and believed).
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If the threat is anticipated, it is possible to totally or at least partially avoid it. Neither Joseph nor the pharaoh had the power to avoid bounty or crop failure (in this the dream interpretation was true and the appearance of the future mystical), but they avoided the impacts and implications of the prophecy (in this the interpretation of the dream was “false”)—famine did not ultimately occur in Egypt, and this was due to the application of reasonable and very intuitive economic policy.
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back to Torah: Later in this story we will notice that there is no reason offered as to why the cycle occurs (that will come later). Fat years will simply come, and then lean years after them.
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Moral Explanation of a Business Cycle That is fundamentally different from later Hebrew interpretations, when the Jewish nation tries to offer reasons why the nation fared well or poorly. And those reasons are moral.
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If you pay attention to these laws and are careful to follow them, then the Lord your God will keep his covenant of love with you, as he swore to your forefathers. He will love you and bless you and increase your numbers.
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Only in recent times have some currents of economics again become aware of the importance of morals and trust in the form of measuring the quality of institutions, the level of justice, business ethics, corruption, and so forth, and examining their influence on the economy,
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From today’s perspective, we can state that the moral dimension entirely disappeared from economic thought for a long time, especially due to the implementation of Mandeville’s concept of private vices that contrarily support the public welfare
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Without being timid, we can say this is the first documented attempt to explain the economic cycle. The economic cycle, the explanation of which is to this day a mystery to economists, is explained morally in the Old Testament.
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But how do we consolidate these two conflicting interpretations of the economic cycle: Can ethics be responsible for it or not? Can we influence reality around us through our acts?
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it is not within the scope of this book to answer that question; justice has been done to the question if it manages to sketch out the main contours of possible searches for answers.
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THE ECONOMICS OF GOOD AND EVIL: DOES GOOD PAY OFF? This is probably the most difficult moral problem we could ask.
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Kant, the most important modern thinker in the area of ethics, answers on the contrary that if we carry out a “moral” act on the basis of economic calculus (therefore we carry out an hedonistic consideration; see below) in the expectation of later recompense, its morality is lost. Recompense, according to the strict Kant, annuls ethics.
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Inquiring about the economics of good and evil, however, is not that easy. Where would Kant’s “moral dimension of ethics” go if ethics paid? If we do good for profit, the question of ethics becomes a mere question of rationality.
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Job’s friends try to show that he must have sinned in some way and, in doing so, deserved God’s punishment. They are absolutely unable to imagine a situation in which Job, as a righteous man, would suffer without (moral) cause. Nevertheless, Job insists that he deserves no punishment because he has committed no offense: “God has wronged me and drawn his net around me.”94
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But Job remains righteous, even though it does not pay to do so: Though he slay me, yet will I hope in him.95 And till I die, I will not deny my integrity I will maintain my righteousness and never let go of it; my conscience will not reproach me as long as I live.96
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He remains righteous, even if his only reward is death. What economic advantage could he have from that?
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morals cannot be considered in the economic dimension of productivity and calculus. The role of the Hebrews was to do good, whether it paid off or not. If good (outgoing) is rewarded by incoming goodness, it is a bonus,99 not a reason to do outgoing good. Good and reward do not correlate to each other.
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This reasoning takes on a dimension of its own in the Old Testament. Good (incoming) has already happened to us. We must do good (outgoing) out of gratitude for the good (incoming) shown to us in the past.
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So why do good? After all, suffering is the fate of many biblical figures. The answer can only be: For good itself. Good has the power to be its own reward. In this sense, goodness gets its reward, which may or may not take on a material dimension.
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the Hebrews offered an interesting compromise between the teachings of the Stoics and Epicureans. We will go into it in detail later, so only briefly
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constraint. It calls for bounded optimalization (with limits). A kind of symbiosis existed between the legitimate search for one’s own utility (or enjoyment of life) and maintaining rules, which are not negotiable and which are not subject to optimalization.
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In other words, clear (exogenously given) rules exist that must be observed and cannot be contravened. But within these borders it is absolutely possible, and even recommended, to increase utility.
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the mining of enjoyment must not come at the expense of exogenously given rules. “Judaism comes therefore to train or educate the unbounded desire … for wealth, so that market activities and patterns of consumption operate within a God-given morality.”102
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The Epicureans acted with the goal of maximizing utility without regard for rules (rules developed endogenously, from within the system, computed from that which increased utility—this was one of the main trumps of the Epicurean school; they did not need exogenously given norms, and argued that they could “calculate” ethics (what to do) for every given situation from the situation itself).
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The Stoics could not seek their enjoyment—or, by another name, utility. They could not in any way look back on it, and in no way could they count on it. They could only live according to rules (the greatest weakness of this school was to defend where exogenously the given rules came from and whether they are universal) and take a indifferent stand to the results of their actions.
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To Love the Law The Jews not only had to observe the law (perhaps the word covenant would be more appropriate), but they were to love it because it was good.
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Their relationship to the law was not supposed to be one of duty,105 but one of gratitude, love. Hebrews were to do good (outgoing), because goodness (incoming) has already been done to them.
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This is in stark contrast with today’s legal system, where, naturally, no mention of love or gratefulness exists. But God expects a full internalization of the commandments and their fulfillment with love, not as much duty. By no means was this on the basis of the cost-benefit analyses so widespread in economics today, which determines when it pays to break the law and when not to (calculated on the basis of probability of being caught and the amount of punishment vis-à-vis the possible gain).
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And now, O Israel, what does the Lord your God ask of you but to fear the Lord your God, to walk in all his ways, to love him, to serve the Lord your God with all your heart and with all your soul, and to observe the Lord’s commands and decrees that I am giving you today for your own good? To the Lord your God belong the heavens, even the highest heavens, the earth and everything in it. Yet the Lord set his affection on your forefathers and loved them….
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the principle of doing good (outgoing) on the basis of a priori demonstrated good (incoming) was also taken over by the New Testament. Atonement itself is based on an a priori principle; all our acts are preceded by good.
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The Hebrews, originally a nomadic tribe, preferred to be unrestrained and grew up in constant freedom of motion.
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Human laws, if they are in conflict with the responsibilities given by God, are subordinate to personal responsibility, and a Jew cannot simply join the majority, even if it is legally allowed. Ethics, the concept of good, is therefore always superior to all local laws, rules, and customs:
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THE SHACKLES OF THE CITY Owing to the Hebrew’s liberation from Egyptian slavery, freedom and responsibility become the key values of Jewish thought.
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The Hebrew ideal is represented by the paradise of the Garden of Eden, not a city.116 The despised city civilization or the tendency to see in it a sinful and shackling way of life appears in glimpses and allusions in many places in the Old Testament.
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The nomadic Jewish ethos is frequently derived from Abraham, who left the Chaldean city of Ur on the basis of a command:
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In addition, they were aware of a thin two-way line between owner and owned. We own material assets, but—to a certain extent—they own us and tie us down. Once we become used to a certain material
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This way of life had understandably immense economic impacts. First, such a society lived in much more connected relationships, where there was no doubt that everyone mutually depended on each other. Second, their frequent wanderings meant the inability to own more than they could carry; the gathering up of material assets did not have great weight—precisely because the physical weight (mass) of things was tied to one place.
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One of Moses’s greatest deeds was that he managed to explain to his nation once and for all that it is better to remain hungry and liberated than to be a slave with food “at no cost.”
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regulations is developed in the Old Testament, one we hardly find in any other nation of the time. In Hebrew teachings, aside from individual utility, indications of the concept of maximalizing utility societywide appear for the first time as embodied in the Talmudic principle of Kofin al midat S´dom, which can be translated as “one is compelled not to act in the manner of Sodom” and to take care of the weaker members of society.
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In a jubilee year, debts were to be forgiven,125 and Israelites who fell into slavery due to their indebtedness were to be set free.126
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Such provisions can be seen as the antimonopoly and social measures of the time. The economic system even then had a clear tendency to converge toward asset concentration, and therefore power as well. It would appear that these provisions were supposed to prevent this process
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Land at the time could be “sold,” and it was not sale, but rent. The price (rent) of real estate depended on how long there was until a forgiveness year. It was about the awareness that we may work the land, but in the last instance we are merely “aliens and strangers,” who have the land only rented to us for a fixed time. All land and riches came from the Lord.
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These provisions express a conviction that freedom and inheritance should not be permanently taken away from any Israelite. Last but not least, this system reminds us that no ownership lasts forever and that the fields we plow are not ours but the Lord’s.
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Glean Another social provision was the right to glean, which in Old Testament times ensured at least basic sustenance for the poorest. Anyone who owned a field had the responsibility not to harvest it to the last grain but to leave the remains in the field for the poor.
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Tithes and Early Social Net Every Israelite also had the responsibility of levying a tithe from their entire crop. They had to be aware from whom all ownership comes and, by doing so, express their thanks.
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“Since the community has an obligation to provide food, shelter, and basic economic goods for the needy, it has a moral right and duty to tax its members for this purpose. In line with this duty, it may have to regulate markets, prices and competition, to protect the interests of its weakest members.”135
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In Judaism, charity is not perceived as a sign of goodness; it is more of a responsibility. Such a society then has the right to regulate its economy in such a way that the responsibility of charity is carried out to its satisfaction.
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With a number of responsibilities, however, comes the difficulty of getting them into practice. Their fulfillment, then, in cases when it can be done, takes place gradually “in layers.” Charitable activities are classified in the Talmud according to several target groups with various priorities, classified according to, it could be said, rules of subsidiarity.
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Do not mistreat an alien or oppress him, for you were aliens in Egypt.140 As one can see, aside from widows and orphans, the Old Testament also includes immigrants in its area of social protection.141 The Israelites had to have the same rules apply for them as for themselves—they could not discriminate on the basis of their origin.
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ABSTRACT MONEY, FORBIDDEN INTEREST, AND OUR DEBT AGE If it appears to us that today’s era is based on money and debt, and our time will be written into history as the “Debt age,” then it will certainly be interesting to follow how this development occurred.
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The first money came in the form of clay tablets from Mesopotamia, on which debts were written. These debts were transferable, so the debts became currency. In the end, “It is no coincidence that in English the root of ‘credit’ is ‘credo,’ the Latin for ‘I believe.’”
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To a certain extent it could be said that credit, or trust, was the first currency. It can materialize, it can be embodied in coins, but what is certain is that “money is not metal,” even the rarest metal, “it is trust inscribed,”
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Inseparably, with the original credit (money) goes interest. For the Hebrews, the problem of interest was a social issue: “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest.”
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there were also clearly set rules setting how far one could go in setting guarantees and the nonpayment of debts. No one should become indebted to the extent that they could lose the source of their livelihood:
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In the end, the term “bank” comes from the Italian banci, or the benches that Jewish lenders sat on.157
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Money is playing not only its classical roles (as a means of exchange, a holder of value, etc.) but also a much greater, stronger role: It can stimulate, drive (or slow down) the whole economy. Money plays a national economic role.
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In the course of history, however, the role of loans changed, and the rich borrowed especially for investment purposes,
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Today the position and significance of money and debt has gone so far and reached such a dominant position in society that operating with debts (fiscal policy) or interest or money supply (monetary policy) means that these can, to a certain extent, direct (or at least strongly influence) the whole economy and society.
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In such a case a ban on interest did not have great ethical significance. Thomas Aquinas, a medieval scholar (1225-1274), also considers similarly; in his time, the strict ban on lending with usurious interest was loosened, possibly due to him.
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As a form of energy, money can travel in three dimensions, vertically (those who have capital lend to those who do not) and horizontally (speed and freedom in horizontal or geographic motion has become the by-product—or driving force?—of globalization). But money (as opposed to people) can also travel through time.
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money is something like energy that can travel through time. And it is a very useful energy, but at the same time very dangerous as well. Wherever
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Aristotle condemned interest162 not only from a moral standpoint, but also for metaphysical reasons. Thomas Aquinas shared the same fear of interest and he too argued that time does not belong to us, and that is why we must not require interest.
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Due to this characteristic, we can energy-strip the future to the benefit of the present. Debt can transfer energy from the future to the present.163 On the other hand, saving can accumulate energy from the past and send it to the present.
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labor was not considered degrading in the Old Testament. On the contrary, the subjugation of nature is even a mission from God that originally belonged to man’s very first blessings.
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The Jews as well as Aristotle behaved very guardedly toward loans. The issue of interest/usury became one of the first economic debates. Without having an inkling of the future role of economic policy (fiscal and monetary), the ancient Hebrews may have unwittingly felt that they were discovering in interest a very powerful weapon, one that can be a good servant, but (literally) an enslaving master as well.
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It’s something like a dam. When we build one, we are preventing periods of drought and flooding in the valley; we are limiting nature’s whims and, to a large extent, avoiding its incalculable cycles. Using dams, we can regulate the flow of water to nearly a constant. With it we tame the river (and we can also gain
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But if we do not regulate the water wisely, it may happen that we would overfill the dam and it would break. For the cities lying in the valley, their end would be worse than if a dam were never there.
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If man lived in harmony with nature before, now, after the fall, he must fight; nature stands against him and he against it and the animals. From the Garden we have moved unto a (battle)field.
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Only after man’s fall does labor turn into a curse.168 It could even be said that this is actually the only curse, the curse of the unpleasantness of labor, that the Lord places on Adam.
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Both Plato and Aristotle consider labor to be necessary for survival, but that only the lower classes should devote themselves to it so that the elites would not have to be bothered with it and so that they could devote themselves to “purely spiritual matters—art, philosophy, and politics.”
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Work is also not only a source of pleasure but a social standing; It is considered an honor. “Do you see a man skilled in his work? He will serve before kings.”170 None of the surrounding cultures appreciate work as much. The idea of the dignity of labor is unique in the Hebrew tradition.
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Hebrew thinking is characterized by a strict separation of the sacred from the profane. In life, there are simply areas that are holy, and in which it is not allowed to economize, rationalize, or maximize efficiency.
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good example is the commandment on the Sabbath. No one at all could work on this day, not even the ones who were subordinate to an observant Jew:
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the message of the commandment on Saturday communicated that people were not primarily created for labor.
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Paradoxically, it is precisely this commandment out of all ten that is probably the most violated today.
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Aristotle even considers labor to be “a corrupted waste of time which only burdens people’s path to true honour.”
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we have days when we must not toil connected (at least lexically) with the word meaning emptiness: the English term “vacation” (or emptying), as with the French term, les vacances, or German die Freizeit, meaning open time, free time, but also…
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Translated into economic language: The meaning of utility is not to increase it permanently but to rest among existing gains. Why do we learn how to constantly increase gains but not how to…
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This dimension has disappeared from today’s economics. Economic effort has no goal at which it would be possible to rest. Today we only know growth for growth’s sake, and if our company or country prospers, that does not…
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Six-sevenths of time either be dissatisfied and reshape the world into your own image, man, but one-seventh you will rest and not change the creation. On the seventh day, enjoy creation and enjoy the work of your hands.
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the purpose of creation was not just creating but that it had an end, a goal. The process was just a process, not a purpose. The whole of Being was created so…
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Saturday was not established to increase efficiency. It was a real ontological break that followed the example of the Lord’s seventh day of creation. Just as the Lord did not rest due to tiredness or to regenerate strength; but because He was done. He was done with His work, so that He could enjoy it, to cherish in His creation.
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If we believe in rest at all today, it is for different reasons. It is the rest of the exhausted machine, the rest of the weak, and the rest of those who can’t handle the tempo. It’s no wonder that the word “rest…
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Related to this, we have studied the first mention of a business cycle with the pharaoh’s dream as well as seen a first attempt (that we may call…
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We have tried to show that the quest for a heaven on Earth (similar to the Jewish one) has, in its desacralized form, actually also been the same quest for many of the…
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We have also seen that the Hebrews tried to explain the business cycle with morality and ethics. For the Hebrews,…
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ancient Greek economic ethos, we will examine two extreme approaches to laws and rules. While the Stoics considered laws to be absolutely valid, and utility had infinitesimal meaning in their philosophy, the Epicureans, at least in the usual historical explanation, placed utility and pleasure in first place—rules were to be made based on the principle of utility.
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CONCLUSION: BETWEEN UTILITY AND PRINCIPLE The influence of Jewish thought on the development of market democracy cannot be overestimated. The key heritage for us was the lack of ascetic perception of the world, respect to law and private…
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We have tried to show how the Torah desacralized three important areas in our lives: the earthly ruler, nature,…
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What is the relationship between the good and evil that we do (outgoing) and the utility of disutility that we (expect to) get as a reward (incoming)? We have seen…
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The Hebrews never despised material wealth; on contrary, the Jewish faith puts great responsibility on property management. Also the idea of progress and the linear perception of time gives our (economic)…
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will not be able to completely understand the development of the modern notion of economics without understanding the disputes between the Epicureans and the Stoics;
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poets actually went even further, and with their speech they shaped and established reality and truth. Honor, adventure, great deeds, and the acclaim connected with them played an important role in the establishment of the true, the real.
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those who are famous will be remembered by people. They become more real, part of the story, and they start to be “realized,” “made real” in the lives of other people. That which is stored in memory is real; that which is forgotten is as if it never existed.
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Today’s scientific truth is founded on the notion of exact and objective facts, but poetic truth stands on an interior (emotional) consonance with the story or poem. “It is not addressed first to the brain … [myth] talks directly to the feeling system.”
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“epic and tragic poets were widely assumed to be the central ethical thinkers and teachers of Greece; nobody thought of their work as less serious, less aimed at truth, than the speculative prose treatises of historians and philosophers.”5 Truth and reality were hidden in speech, stories, and narration.
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Ancient philosophy, just as science would later, tries to find constancy, constants, quantities, inalterabilities. Science seeks (creates?) order and neglects everything else as much as it can. In their own experiences, everyone knows that life is not like that,
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Just as scientists do today, artists drew images of the world that were representative, and therefore symbolic, picturelike, and simplifying (but thus also misleading), just like scientific models, which often do not strive to be “realistic.”
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general? In the end, poetry could be more sensitive to the truth than the philosophical method or, later, the scientific method. “Tragic poems, in virtue of their subject matter and their social function, are likely to confront and explore problems about human beings and luck that a philosophical text might be able to omit or avoid.”8
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Why Democrats Are Angry At Wall Street : NPR - 0 views
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That anger has been magnified at a time when banks have seen their profits soar during the pandemic, in part, thanks to strong actions by the Federal Reserve to support markets.
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And top Democrats believe they are justified in pushing for change at big banks. They want to push the country's largest financial institutions to be agents of social change. And they have specific goals, like expanding access to loans and impose fewer fees for average Americans, or more outreach to unbanked and underserved communities.
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But Republican lawmakers disagree with that very premise. They criticize executives for comments they have made — about voting rights, in particular, and they are critical of companies making business decisions based on environmental considerations.
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Bank executives, Warren says, "have a responsibility to execute on making their banks part of the solution to our economic and racial problems across this nation."
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But even with a change in power in Congress, analysts warn banks are likely to face continued pressure from Democrats — and society — on key aspects of their operations, from whom they lend money to where they invest.
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"You know, what I have discovered about the banking community is that they have had a way of operating traditionally, historically, and they don't change easily," Waters tells NPR.
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Japan Extends 3rd State Of Emergency Weeks Before Olympics : Coronavirus Updates : NPR - 0 views
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Japan's government extended a state of emergency covering major cities until at least until June 20 — roughly a month before the start of the Tokyo Olympics, which polls show an overwhelming number of Japanese do not want to proceed as scheduled.
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It's Japan's third state of emergency of the pandemic and the second extension since the current emergency began on April 25. The emergency shortens some businesses' hours, and caps attendance at large events
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The spread in Japan of variant strains of the virus has slowed the decline in case numbers. Some hospitals remain overstretched by COVID-19 patients, and some people have died at home without being able to access medical care.
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Japan's vaccine rollout remains the slowest among developed economies with just 6% of residents having received at least one dose.
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An article this week in the New England Journal of Medicine, meanwhile, questioned organizers' fundamental argument that the games can be held safely. "We believe the IOC's determination to proceed with the Olympic Games is not informed by the best scientific evidence," the authors wrote.
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International Olympic Committee President Thomas Bach told a conference on Thursday that athletes should "come with full confidence to Tokyo and get ready," lauding the Japanese capital as "the best-prepared Olympic city ever."
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The IOC has asked Olympic athletes to sign waivers absolving the organizers of legal liability for COVID-19-related risks. Bach acknowledged this was an issue of concern for some athletes, but the IOC calls it "standard practice."
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Japan requires that imported vaccines undergo domestic clinical testing, slowing down the approval process.
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Japan's second-largest newspaper by circulation, The Asahi Shimbun, became the first major Japanese media outlet to publish an editorial calling for the games to be canceled. The 142-year-old publication, one of Asia's oldest newspapers, is also an Olympic sponsor.
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Sponsors are especially jittery about the prospect of the games' cancellation, which could cost Japan an estimated $17 billion.
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another state of emergency in response to a fresh wave of infections after the Olympics could cost the country several times that amount.
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Amazon Won't Test Job Seekers For Marijuana Use : NPR - 0 views
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Amazon operates — and is rapidly expanding into — places where marijuana is legal. Steven Senne/AP Amazon will no longer test most job applicants for marijuana use in the latest sign of America's changing relationship with pot. Amazon, the second-largest private employer in the U.S., also says it now backs legalizing marijuana nationwide.
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Marijuana users and advocates are cheering the news, but it may also bring relief to Amazon's hiring managers: The company operates — and is rapidly expanding into — places where marijuana is legal.
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Even before New York legalized marijuana, New York City banned testing prospective employees for marijuana, with some exceptions. Based on that law, a New York man sued Amazon in March, saying the company illegally reversed a h
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Laws prohibiting marijuana "are responsible for more than half a million arrests in the United States every year," according to the Drug Policy Alliance, which also supports decriminalization. In a statement to NPR, the group applauded Amazon's announcement as "a huge step forward." "Drug testing has never provided an accurate indication of a person's ability to perform their job," the group said, "and yet this incredibly invasive practice has locked out millions of people who use drugs — both licit and illicit — from the workplace."
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U.S. Is Sending 1 Million COVID Vaccines To Mexico : NPR - 0 views
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One million Johnson & Johnson COVID-19 vaccines are heading to Mexico from the U.S. with most of the shots set to service resort areas and spots along the border.
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The batch of vaccines is part of the 25 million excess doses the White House announced on Thursday would be shipped to other countries around the world.
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In a bid to boost the country's economy, Assistant Health Secretary Hugo López-Gatell said much of those 1 million vaccines will be sent to Caribbean resort hotspots such as Cancún, Pacific coast resorts like Los Cabos, and cities along the U.S. border.
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According to government data, Mexico has given more than 23.2 million adults in the country at least one shot of a COVID-19 vaccine.
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Government officials have indicated that the actual death toll from the pandemic is likely far higher, according to The Associated Press., with a preliminary assessment suggesting more than 350,000 excess deaths — 54% above the official toll.
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Why The Record-Breaking COVID Count In India Is Likely An Undercount : Goats and Soda :... - 0 views
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"There's a shortage of coronavirus tests. Nobody's getting tested! So the government's numbers for our district are totally wrong," he told NPR on a crackly phone line from his village. "If you're able to get tested, results come after five days."
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This village's ordeal is not atypical. Across India, there are shortages of testing kits, hospital beds, medical oxygen and antiviral drugs as a severe second wave of the pandemic crushes the health infrastructure. The country has been breaking world records daily for new cases. On Friday, India's Health Ministry confirmed 386,453 infections – more than any country on any day since the pandemic began.
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Part of the reason for the huge numbers is India's size: a population of nearly 1.4 billion. The rate of known coronavirus infections per capita is still less than the United States endured at its peak.
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But survivors, funeral directors and scientists say the real numbers of infections and deaths in India may be many times more than the reported figures. The sheer number of patients has all but collapsed the health system in a country that invests less on public health — just above 1% of its gross domestic product — than most of its peers. (Brazil spends more than 9% of its GDP on health; in the U.S., the figure is nearly 18%.)
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Each day, he goes to every crematorium and burial ground in his district of the capital, tallying deaths from COVID-19. Of his 11 staff members, five currently have COVID-19, he said.
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Fewer positive results mean fewer confirmed infections and fewer deaths attributed to the coronavirus. India's total pandemic deaths this week crossed the 200,000 mark. But that's still lower than the overall death tolls in the United States, Brazil and Mexico, according to data compiled by Johns Hopkins University.
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There is another reason why India's coronavirus numbers may be skewed: hubris. In early March, India's health minister declared that the country was in the "endgame of the COVID-19 pandemic." Daily cases had hit record lows of about 8,000 a day in early February, down from a peak of nearly 100,000 cases a day in September.
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But over the winter, as cases began creeping up, some politicians didn't pay attention — or perhaps didn't believe the coronavirus could return.
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There have also been allegations that some politicians tried to suppress inconvenient news about rising case numbers.
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Last year, at the height of the pandemic's first wave in India, Sirohi said he was counting about 220 COVID-19 deaths a day. When NPR spoke to him Wednesday, he counted 702 for that day. He passes those numbers up the chain of command. But the death figures the government ultimately publishes for his region have been at least 20% lower than what he's seeing on the ground, he said.
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There are reasons why fewer Indians might die from COVID-19. India is a very young country. Only 6% of Indians are older than 65. More than half the population is under 25. They're more likely to survive the disease.
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By analyzing total excess deaths – i.e., the difference between total deaths in Mumbai one year, compared with the year before — he estimates that the number of deaths attributed to COVID-19 would have to have been undercounted by at least two-thirds to account for the higher 2020 death tally.
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Those calculations are based on data from Mumbai, India's richest major city, where access to health care is better than elsewhere. So the number of undercounted deaths could be even higher in less well-off parts of the country — such as in Santosh Pandey's village.
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Scientists said recorded infections are even more of an underestimate. But they have a better idea of how much infections have been undercounted because they have serological data from random antibody tests that authorities conducted across large swaths of the country.
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Results of a third national serological survey conducted in December and January showed that roughly a fifth of India's population had been exposed to the virus. That meant for every recorded coronavirus case, almost 30 went undetected.
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She's a biostatistician at the University of Michigan who's designed models that show India's reported infections will peak in late May. She predicts India could be confirming as many as 1 million new cases a day and 4,500 daily deaths by then.
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The institute's director, Chris Murray, told NPR that India may be detecting only 3% or 4% of its daily infections.
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India's deaths in this latest wave would peak around the third week of May, according to the institute's model.
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That could mean more shortages, fewer hospital beds and more tragedy on top of what India has already endured in recent weeks.
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Ron Johnson says he didn't feel threatened Jan. 6. If BLM or Antifa stormed Capitol, he... - 0 views
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In an interview on conservative talk radio, Sen. Ron Johnson, one of former President Donald Trump’s strongest supporters, said he didn’t feel threatened by rioters violently storming the Capitol. Instead, he said, he might have been scared if the participants were Black Lives Matter or Antifa supporters — a comment with strong racial overtones.
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I knew those were people that love this country, that truly respect law enforcement, would never do anything to break the law, and so I wasn't concerned,”
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"Now, had the tables been turned — Joe, this could get me in trouble — had the tables been turned, and President Trump won the election and those were tens of thousands of Black Lives Matter and Antifa protesters, I might have been a little concerned," Johnson said.
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The insurrection left several people dead and hundreds of people have been charged in connection to the events of Jan. 6.
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"We’ve moved from just plain old fringe, extremist rants to fringe extremist and racist rants," Pocan said.
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FBI Director Christopher Wray said at a Senate Judiciary Committee hearing that there is "no evidence" Antifa had any role in the insurrection. MOST READ IRS partially shields some stimulus payments from debt reductions MAGA voters discovered a new home online. But it isn't what it seems. Newsom says California recall likely to qualify, tries to soften Feinstein stance McCarthy decries ‘political stunt’ after troops visit lawmaker’s office An unlikely Trump turncoat shows the GOP way to resist his influence
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Johnson also has pushed the conspiracy theory that outside provocateurs were part of the riots, a claim Trump backers have often made.
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Trump was supposed to be a political Godzilla in exile. Instead, he's adrift. - POLITICO - 0 views
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He backed away from creating a third party and has soured on the costly prospect of launching his own TV empire or social media startup.
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And though he was supposed to build a massive political apparatus to keep his MAGA movement afloat, it’s unclear to Republicans what his PAC is actually doing, beyond entangling itself in disputes with Republican icons and the party’s fundraising arms.
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Ex-president Donald Trump finds himself adrift while in political exile. And Republicans, and even some allies, say he is disorganized, torn between playing the role of antagonist and party leader.
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It’s like political phantom limbs. He doesn't have the same political infrastructure he did three months ago as president,” added GOP strategist Matt Gorman, who previously served as communications director for the National Republican Congressional Committee.
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Instead, Trump has maintained close ties to GOP officials who have committed to supporting incumbents, stayed almost entirely out of the spotlight, delivered fairly anodyne remarks the one time he emerged, and offered only sparse criticism of his successor, Joe Biden.
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Trump has gone from threatening party bodies for using his name and likeness in their fundraising efforts to offering up his Mar-a-Lago estate as a host site for part of the Republican National Committee’s spring donor retreat. He savagely attacked veteran GOP operative Karl Rove for criticizing his first post-presidency speech at the annual Conservative Political Action Committee, and endorsed Sen. Jerry Moran (R-Kan.), who repeatedly scrutinized Trump’s own trade practices while in office.
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In his role as chairman of the National Republican Senatorial Committee, Scott has promised to stick by GOP incumbents — including Alaska Sen. Lisa Murkowski, who voted to convict Trump in his Senate trial last month on charges of inciting an insurrection. The Florida Republican said he had a “great meeting” with Trump in a tweet he shared Friday.
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“For any normal politician, it would look like he’s trying to have it both ways but really he’s trying to have it his way,” said a former Trump White House official. “He only cares about maintaining his power and his stranglehold over the Republican Party and it doesn’t matter to him how any of the moves he makes affect the long-term success of institutions or individuals other than himself.”
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He continues to hold court on the patio of his Mar-a-Lago resort where he is greeted by a standing ovation from members when he and the former first lady walk by. He spends his days monitoring the news, making calls and playing golf at his eponymous club just a few miles away.
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But the factions that have already formed among those surrounding him suggest potential turbulence ahead. Three veterans of Trump’s 2020 campaign — Brad Parscale, Bill Stepien and Justin Clark — have been screening primary recruitments and brainstorming ways to reestablish his online presence, while Dave Bossie and Corey Lewandowski are in talks with the ex-president to launch a new fundraising entity on his behalf, according to people briefed on the recent discussions.
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One former administration official who has been in contact with Trump described him as a “pinball,” noting that his tendency to abruptly change directions or seize on a new idea after speaking with a friend or outside adviser — a habit that often frustrated aides during his time in office — has carried into his post-presidency life.
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The fear among Republicans is that Trump’s indecisiveness will extend to his personal political future as well. Trump has continued to dangle a 2024 run over the party, and the will-he-won’t-he guessing game has held presidential hopefuls in limbo. MOST READ IRS partially shields some stimulus payments from debt reductions MAGA voters discovered a new home online. But it isn't what it seems. Newsom says California recall likely to qualify, tries to soften Feinstein stance McCarthy decries ‘political stunt’ after troops visit lawmaker’s office An unlikely Trump turncoat shows the GOP way to resist his influence
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But stripped of a social media platform like Twitter, the former president has had to rely on issuing statements — some mimicking the tone and length of his past tweets — via his post-presidency office or political PAC press lists. So far, he’s issued more than two dozen endorsements and statements since leaving the White House. The more recent ones have bashed Senate Minority Leader Mitch McConnell and sought credit for the current Covid-19 vaccine distribution.
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When I was talking to the president this morning… he’s like, ‘Yeah, she’s no good. I said that and now everybody’s seeing it. But you realize if you say anything negative about Meghan Markle you get canceled. Look at Piers,’” Miller said, recounting his conversation with Trump, who had been referring to Piers Morgan, the polarizing “Good Morning Britain” host who parted ways with the show this week after dismissing Markle’s revelations as lies.
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But so far, many of his recent political maneuverings have been met with a shrug by the GOP. Trump’s public tussle with the Republican Party over fundraising and the use of his name and likeness in appeals for money appeared to fizzle out after attorneys for the Republican National Committee denied Trump’s cease-and-desist demands. By week’s end, the RNC was not only still using Trump’s name in fundraising solicitations, it was offering him up as an enticement.
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Art of the apocalypse: Otto Dix's hellish first world war visions - in pictures | Art a... - 0 views
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Russian PM and government quit as Putin proposes constitutional changes | World news | ... - 0 views
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Vladimir Putin has embarked on a sweeping reshuffle of Russia’s leadership, accepting the resignation of Prime Minister Dmitri Medvedev and proposing constitutional amendments that would limit the power of a potential successor as president if he steps down in 2024.
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The 67-year-old has in effect ruled Russia since 2000, making him the longest-serving leader since Stalin, and what he plans to do in 2024 remains the most important political question in the country.
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“The main result of Putin’s speech: what idiots (and/or crooks) are all those who said that Putin would leave in 2024,” wrote Alexei Navalny, a vocal leader of Russia’s opposition.
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Under term limits, Putin left the presidency for four years in 2008 in a tumultuous period during which Russia fought a war in Georgia, faced growing anti-Kremlin protests, and failed to block a Nato intervention in Libya. By 2012, Putin was back, and his temporary replacement, Dmitry Medvedev, no longer seen as a viable successor in the long term.
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How bad can the climate crisis get if Trump wins again? | Environment | The Guardian - 0 views
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While US climate emissions fell 2.1% in 2019, they rose significantly in 2018, according to estimates from the economic analysis firm Rhodium Group. On net, emissions are slightly higher than in the beginning of 2017, when Trump’s administration began enacting dozens of environment rollbacks aimed at helping the oil and gas industry.
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“What they have done is created confusion within the business community and the environmental world as to what are going to be the standards,” said Christine Todd Whitman, who led the Environmental Protection Agency under the Republican president George W Bush. “Essentially every regulation the agency promulgates gets a lawsuit that goes with it, almost inevitably … that’s the only good thing you can say about it.”
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Whitman called the approach “mindless” and said “whoever is a bigger donor gets to tell them what the environmental policy should be, it seems”.
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“In the case of a second Trump term, we’ve got to totally double down on the efforts to communicate how serious the non-federal actors are in the United States,” Light said. “And what you really want to try to make sure is that those people in other countries who are not in favor of strengthening their countries’ own climate target are not able to point to the United States and say nothing’s going on there.”
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The concentration of climate-heating greenhouse gases is at a record high, according to a report from the UN’s World Meteorological Organization. The planet is already 1C hotter than it was before industrialization.
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As the technology for retrieving oil and gas has advanced, with hydraulic fracturing, the cost of production has plummeted. The US is now a net exporter of oil products.
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Much of the expansion expected would be for feedstocks to make chemicals and plastics, explained Courtney Bernhardt, the group’s research director.
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“The US is already struggling to meet climate commitments and transition to a low-carbon future,” Bernhardt said. “This analysis shows that we’re heading in the wrong direction and really need to slow emissions growth from the oil, gas and petrochemical industries.”
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In the race against Trump, all the major Democratic candidates have similarly pledged to seek at least net-zero emissions by 2050.
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The League of Conservation Voters’ called the House committee effort encouraging and said the announcement “is further proof that elections have consequences”. But other groups were critical, saying the plan would not transition away from fossil fuels fast enough.
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'Huge amount of ego': how Bloomberg and Trump ended up fierce rivals | US news | The Gu... - 0 views
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Bloomberg and Trump, both billionaires from New York, for years kept a cordial and even friendly relationship as they repeatedly ran into each other at charity events, parties and even one of former New York mayor Rudy Giuliani’s weddings.
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They ran in different social circles. Where Trump would go to a dinner party hosted by Jeffrey Epstein, Bloomberg would go to editor Tina Brown’s house.
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“I’m sure Bloomberg has no gold toilets at his house,” said Rebecca Katz, a New York-based Democratic strategist. “It’s a different kind of money with less to prove.”
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Bloomberg has seen his national poll numbers rise within the Democratic primary as he’s poured money into advertising for his campaign.
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Trump has criticized Bloomberg as well. In early December, Trump mockingly tweeted that “Mini Mike Bloomberg has instructed his third rate news organization” to investigate “President Trump, only”.
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Trump around that time tweeted: “Little Michael Michael Bloomberg, who never had the guts to run for president, knows nothing about me. His last term as Mayor was a disaster!”
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“I’m for guns, he’s against guns,” Trump said. Though Trump, in the past, had praised Bloomberg’s positions on guns.
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A Large Portion of the Electorate Chose the Sociopath - The Atlantic - 0 views
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America is now a different country. Nearly half of the voters have seen Trump in all of his splendor—his infantile tirades, his disastrous and lethal policies, his contempt for democracy in all its forms—and they decided that they wanted more of it.
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by picking him again, those voters are showing that they are just like him: angry, spoiled, racially resentful, aggrieved, and willing to die rather than ever admit that they were wrong.
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Nor was I among the progressives who believed America would repudiate Trump’s policies. For one thing, I am a conservative—and I know my former tribe.
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Trump voters don’t care about policy. They didn’t care about it in 2016, and they don’t care about it now. The party of national security, fiscal austerity, and personal responsibility supports a president who is in the pocket of the Russians, has exploded the national deficit, and refuses to take responsibility for anything.
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My greatest fear, aside from an eventual Trump victory over the coming days, is that no matter the outcome, both parties will rush to draw the wrong lesson from this close election
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Although Trump appears to have received a small uptick in votes from Black men and Latinos, the overwhelming share of his supporters are white. The politics of cultural resentment, the obsessions of white anxiety, are so intense that his voters are determined not only to preserve minority rule but to leave a dangerous sociopath in the Oval Office
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I had hoped, at the least, that people who once insisted on the importance of presidential character would vote for basic decency after living under the most indecent president in American history.
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he Republicans will conclude that just a bit more overt racism (but less tweeting about it) will carry the day the next time. They will see the exit polls that called for a “strong national leader,” and they will replace the childish and whiny Trump with someone who projects even more authoritarian determination. They will latch on to the charge that democracy is a rigged game, and they will openly despise its rules even more than Trump has.
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Some Democrats tend to believe that almost every election confirms the need to lurch to the left, when in fact the 2020 election should be a reminder that Trump would have beaten anyone left of Biden.
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Opinion | Cities Will Survive Covid-19 - The New York Times - 0 views
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They are indispensable as engines of economic growth, catalysts of technological and cultural innovation — and they are one of the most environmentally sustainable ways we know of for housing lots of people.
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they are also ripe for rebirth. The virus presents an opportunity to remake urban life for the better, particularly by addressing its inequities.
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Already, the pandemic has prompted cities around the world to embrace once radical-seeming ideas. In car-free streets and permanent alfresco dining, a picture of a more livable city is emerging
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Contrary to conventional wisdom, urban population density does not seem to have been the primary factor in the virus’s spread — note how Asian megacities like Hong Kong and Seoul combated the virus successfully, while many American rural areas suffered major outbreaks.
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But in New York and other American cities, overcrowding within residences, caused by a lack of affordable housing, did exacerbate the contagion. So let’s fix that: In addition to loosening our antiquated zoning rules, perhaps vacant office buildings and retail space can be turned into apartments, lowering the cost of housing.
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This is also our chance to remake crumbling urban infrastructure — to create more engaging outdoor public spaces and to radically improve public transportation.
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Then there is climate change. Think of the coronavirus as a trailer for the horror flick of natural disasters to come. We have a chance to fortify urban space against future outbreaks of disease as well as the coming calamities caused by the changing weather — we can even do both at the same time
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The coronavirus does not have to kill cities — just our old idea of what cities were, how they worked, and who they were for.
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Despite their economic and cultural importance, cities in the United States are often marginalized in politics and, more deeply, in our picture of how America should work. About 80 percent of Americans live in urban areas, but most say they’d rather live somewhere else.
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Democrats depend on big cities and their surrounding suburbs for the bulk of their voters, but when was the last time you heard a national Democratic politician make a forceful case for the beauty, creativity and importance of cities
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“Cities were once the most helpless and devastated victims of disease, but they became great disease conquerors,” wrote Jane Jacobs, the great urbanist, in “The Death And Life of Great American Cities.”
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“All the apparatus of surgery, hygiene, microbiology, chemistry, telecommunications, public health measures, teaching and research hospitals, ambulances and the like, which people not only in cities but also outside them depend upon for the unending war against premature mortality, are fundamentally products of big cities and would be inconceivable without big cities.”
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How Do You Know When Society Is About to Fall Apart? - The New York Times - 0 views
www.nytimes.com/...societal-collapse.html
collapse civilization decline history crisis politics economics culture
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Tainter seemed calm. He walked me through the arguments of the book that made his reputation, “The Collapse of Complex Societies,” which has for years been the seminal text in the study of societal collapse, an academic subdiscipline that arguably was born with its publication in 1988
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He writes with disarming composure about the factors that have led to the disintegration of empires and the abandonment of cities and about the mechanism that, in his view, makes it nearly certain that all states that rise will one day fall
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societal collapse and its associated terms — “fragility” and “resilience,” “risk” and “sustainability” — have become the objects of extensive scholarly inquiry and infrastructure.
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Princeton has a research program in Global Systemic Risk, Cambridge a Center for the Study of Existential Risk
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even Tainter, for all his caution and reserve, was willing to allow that contemporary society has built-in vulnerabilities that could allow things to go very badly indeed — probably not right now, maybe not for a few decades still, but possibly sooner. In fact, he worried, it could begin before the year was over.
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Plato, in “The Republic,” compared cities to animals and plants, subject to growth and senescence like any living thing. The metaphor would hold: In the early 20th century, the German historian Oswald Spengler proposed that all cultures have souls, vital essences that begin falling into decay the moment they adopt the trappings of civilization.
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that theory, which became the heart of “The Collapse of Complex Societies.” Tainter’s argument rests on two proposals. The first is that human societies develop complexity, i.e. specialized roles and the institutional structures that coordinate them, in order to solve problems
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All history since then has been “characterized by a seemingly inexorable trend toward higher levels of complexity, specialization and sociopolitical control.”
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Something more than the threat of violence would be necessary to hold them together, a delicate balance of symbolic and material benefits that Tainter calls “legitimacy,” the maintenance of which would itself require ever more complex structures, which would become ever less flexible, and more vulnerable, the more they piled up.
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Eventually, societies we would recognize as similar to our own would emerge, “large, heterogeneous, internally differentiated, class structured, controlled societies in which the resources that sustain life are not equally available to all.”
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Social complexity, he argues, is inevitably subject to diminishing marginal returns. It costs more and more, in other words, while producing smaller and smaller profits.
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Take Rome, which, in Tainter's telling, was able to win significant wealth by sacking its neighbors but was thereafter required to maintain an ever larger and more expensive military just to keep the imperial machine from stalling — until it couldn’t anymore.
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This is how it goes. As the benefits of ever-increasing complexity — the loot shipped home by the Roman armies or the gentler agricultural symbiosis of the San Juan Basin — begin to dwindle, Tainter writes, societies “become vulnerable to collapse.”
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haven’t countless societies weathered military defeats, invasions, even occupations and lengthy civil wars, or rebuilt themselves after earthquakes, floods and famines?
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Only complexity, Tainter argues, provides an explanation that applies in every instance of collapse.
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Complexity builds and builds, usually incrementally, without anyone noticing how brittle it has all become. Then some little push arrives, and the society begins to fracture.
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A disaster — even a severe one like a deadly pandemic, mass social unrest or a rapidly changing climate — can, in Tainter’s view, never be enough by itself to cause collapse
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Whether any existing society is close to collapsing depends on where it falls on the curve of diminishing returns.
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The United States hardly feels like a confident empire on the rise these days. But how far along are we?
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Scholars of collapse tend to fall into two loose camps. The first, dominated by Tainter, looks for grand narratives and one-size-fits-all explanations
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Patricia McAnany, who teaches at the University of North Carolina at Chapel Hill, has questioned the usefulness of the very concept of collapse — she was an editor of a 2010 volume titled “Questioning Collapse” — but admits to being “very, very worried” about the lack, in the United States, of the “nimbleness” that crises require of governments.
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We’re too vested and tied to places.” Without the possibility of dispersal, or of real structural change to more equitably distribute resources, “at some point the whole thing blows. It has to.”
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In Turchin’s case the key is the loss of “social resilience,” a society’s ability to cooperate and act collectively for common goals. By that measure, Turchin judges that the United States was collapsing well before Covid-19 hit. For the last 40 years, he argues, the population has been growing poorer and more unhealthy as elites accumulate more and more wealth and institutional legitimacy founders. “The United States is basically eating itself from the inside out,
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Inequality and “popular immiseration” have left the country extremely vulnerable to external shocks like the pandemic, and to internal triggers like the killings of George Floyd
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Turchin is keenly aware of the essential instability of even the sturdiest-seeming systems. “Very severe events, while not terribly likely, are quite possible,” he says. When he emigrated from the U.S.S.R. in 1977, he adds, no one imagined the country would splinter into its constituent parts. “But it did.”
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Eric H. Cline, who teaches at the George Washington University, argued in “1177 B.C.: The Year Civilization Collapsed” that Late Bronze Age societies across Europe and western Asia crumbled under a concatenation of stresses, including natural disasters — earthquakes and drought — famine, political strife, mass migration and the closure of trade routes. On their own, none of those factors would have been capable of causing such widespread disintegration, but together they formed a “perfect storm” capable of toppling multiple societies all at once.
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In “The Collapse of Complex Societies,” Tainter makes a point that echoes the concern that Patricia McAnany raised. “The world today is full,” Tainter writes. Complex societies occupy every inhabitable region of the planet. There is no escaping. This also means, he writes, that collapse, “if and when it comes again, will this time be global.” Our fates are interlinked. “No longer can any individual nation collapse. World civilization will disintegrate as a whole.”
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The quest for efficiency, he wrote recently, has brought on unprecedented levels of complexity: “an elaborate global system of production, shipping, manufacturing and retailing” in which goods are manufactured in one part of the world to meet immediate demands in another, and delivered only when they’re needed. The system’s speed is dizzying, but so are its vulnerabilities.
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A more comprehensive failure of fragile supply chains could mean that fuel, food and other essentials would no longer flow to cities. “There would be billions of deaths within a very short period,” Tainter says.
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If we sink “into a severe recession or a depression,” Tainter says, “then it will probably cascade. It will simply reinforce itself.”
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Tainter tells me, he has seen “a definite uptick” in calls from journalists: The study of societal collapse suddenly no longer seems like a purely academic pursuit
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The only precedent Tainter could think of, in which pandemic coincided with mass social unrest, was the Black Death of the 14th century. That crisis reduced the population of Europe by as much as 60 percent.
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He writes of visions of “bloated bureaucracies” becoming the basis of “entire political careers.” Arms races, he observes, presented a “classic example” of spiraling complexity that provides “no tangible benefit for much of the population” and “usually no competitive advantage” either.
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It is hard not to read the book through the lens of the last 40 years of American history, as a prediction of how the country might deteriorate if resources continued to be slashed from nearly every sector but the military, prisons and police.
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The more a population is squeezed, Tainter warns, the larger the share that “must be allocated to legitimization or coercion.
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And so it was: As U.S. military spending skyrocketed — to, by some estimates, a total of more than $1 trillion today from $138 billion in 1980 — the government would try both tactics, ingratiating itself with the wealthy by cutting taxes while dismantling public-assistance programs and incarcerating the poor in ever-greater numbers.
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“As resources committed to benefits decline,” Tainter wrote in 1988, “resources committed to control must increase.”
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The overall picture drawn by Tainter’s work is a tragic one. It is our very creativity, our extraordinary ability as a species to organize ourselves to solve problems collectively, that leads us into a trap from which there is no escaping
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Complexity is “insidious,” in Tainter’s words. “It grows by small steps, each of which seems reasonable at the time.” And then the world starts to fall apart, and you wonder how you got there.
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Perhaps collapse is not, actually, a thing. Perhaps, as an idea, it was a product of its time, a Cold War hangover that has outlived its usefulness, or an academic ripple effect of climate-change anxiety, or a feedback loop produced by some combination of the two
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if you pay attention to people’s lived experience, and not just to the abstractions imposed by a highly fragmented archaeological record, a different kind of picture emerges.
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Since the beginning of the pandemic, the total net worth of America’s billionaires, all 686 of them, has jumped by close to a trillion dollars.
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Plantation slavery arose in order to solve a problem faced by the white landowning class: The production of agricultural commodities like sugar and cotton requires a great deal of backbreaking labor. That problem, however, has nothing to do with the problems of the people they enslaved. Which of them counts as “society”?
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If societies are not in fact unitary, problem-solving entities but heaving contradictions and sites of constant struggle, then their existence is not an all-or-nothing game.
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Collapse appears not as an ending, but a reality that some have already suffered — in the hold of a slave ship, say, or on a long, forced march from their ancestral lands to reservations faraway — and survived.
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The current pandemic has already given many of us a taste of what happens when a society fails to meet the challenges that face it, when the factions that rule over it tend solely to their own problems
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the real danger comes from imagining that we can keep living the way we always have, and that the past is any more stable than the present.
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If you close your eyes and open them again, the periodic disintegrations that punctuate our history — all those crumbling ruins — begin to fade, and something else comes into focus: wiliness, stubbornness and, perhaps the strongest and most essential human trait, adaptability.
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When one system fails, we build another. We struggle to do things differently, and we push on. As always, we have no other choice.
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Trump Winning Michigan, Florida and Arizona? This Pollster Says So - The New York Times - 0 views
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Robert Cahaly’s polls have Arizona, Michigan and Florida in the president’s column. It’s hard to find another pollster who agrees with him. But they didn’t believe him in 2016 either.762
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Trafalgar does not disclose its methods, and is considered far too shadowy by other pollsters to be taken seriously. Mostly, they dismiss it as an outlier. But for Mr. Cahaly, “I told you so” is already a calling card.
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Is it possible to believe a guy whose polls consistently give Mr. Trump just enough support for a narrow lead in most swing states, and who refuses to reveal much of anything about how he gets his data?
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In 2016, its first time publicly releasing polls, Trafalgar was the firm whose state surveys most effectively presaged Mr. Trump’s upset win. A veteran Republican strategist, Mr. Cahaly even called the exact number of Electoral College votes that Mr. Trump and Hillary Clinton would receive — 306 to 227 — although his prediction of which states would get them there was just slightly off.
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“social desirability bias”: the tendency for respondents to say what they think an interviewer wants to hear, not what they actually believe.
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ut he’s not saying what they are. Mr. Cahaly releases almost no real explanation of his polling methodology; the methods page on Trafalgar’s website contains what reads like a vague advertisement of its services and explains that its polls actively confront social desirability bias, without giving specifics as to how. He says that he uses a mixture of text messages, emails and phone calls — some automated, and some by live callers — to reach an accurate representation of the electorate.
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“People do not seem embarrassed to support Mr. Trump,” Mr. Cox said. In the past four years, studies seeking to quantify a so-called “shy Trump” effect in surveys have generally found little evidence to support it.
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“It is wildly inappropriate not to tell me, not only what modes you use to draw your sample, but how specifically you did it,” he said. His general rule: “If somebody’s not transparent you can generally assume they’re crap.”
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In 2010, Mr. Cahaly was arrested and taken to court for violating a law against using automatic calling machines — known as robocalling — to conduct polls. The charges against him were eventually dropped, and he later successfully sued a state law enforcement agency, causing South Carolina’s prohibition on robocalls to be declared unconstitutional.
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Mr. Cahaly said he was doing legitimate polling, aimed at truly understanding voters’ opinions — and getting what he called “dead-on” results. During the 2016 Republican primaries, he was early to spot a surge of enthusiasm from many working-class voters who had long felt alienated from politics and helped power Mr. Trump’s ascent.
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“I kept getting these stories about people who showed up to vote and didn’t know how to use the voting machines, they hadn’t voted in so long,” Mr. Cahaly said. So he began to look into who those people might be, and used data available online to create a list of roughly 50 lifestyle characteristics — including, for instance, whether they owned a fishing license — to identify the sorts of low-engagement voters who were turning out in droves. He used that data to make sure he was reaching the right kinds of respondents as he polled off the voter file in advance of the general election.
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Mr. Cahaly feels no need to reveal his techniques, despite the near-universal doubt about his work from his peers. “I’ve given away enough; I’m not giving away any more,” he said, arguing that it had been a mistake to even tell the public about his “neighbor question,” which some other firms have since adopted in their own surveys.