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Sun Yat-sen - Wikipedia - 0 views

  • Sun saw the danger of this and returned to China in 1917 to advocate Chinese reunification. In 1921 he started a self-proclaimed military government in Guangzhou and was elected Grand Marshal.[81]
  • By this time Sun had become convinced that the only hope for a unified China lay in a military conquest from his base in the south, followed by a period of political tutelage that would culminate in the transition to democracy. In order to hasten the conquest of China, he began a policy of active cooperation with the Communist Party of China (CPC). Sun and the Soviet Union's Adolph Joffe signed the Sun-Joffe Manifesto in January 1923.[83] Sun received help from the Comintern for his acceptance of communist members into his KMT. Revolutionary and socialist leader Vladimir Lenin praised Sun and the KMT for their ideology and principles. Lenin praised Sun and his attempts at social reformation, and also congratulated him for fighting foreign Imperialism.[84][85][86] Sun also returned the praise, calling him a "great man", and sent his congratulations on the revolution in Russia.[87] With the Soviets' help, Sun was able to develop the military power needed for the Northern Expedition against the military at the north. He established the Whampoa Military Academy near Guangzhou with Chiang Kai-shek as the commandant of the National Revolutionary Army (NRA).[88] Other Whampoa leaders include Wang Jingwei and Hu Hanmin as political instructors. This full collaboration was called the First United Front.
  • In 1924 Sun appointed his brother-in-law T. V. Soong to set up the first Chinese Central bank called the Canton Central Bank.[89] To establish national capitalism and a banking system was a major objective for the KMT.[9
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The Atomic-Bomb Core That Escaped World War II - The Atlantic - 0 views

  • In 1946, shortly after the end of World War II, the physicist Louis Slotin stood in front of a low table at the Los Alamos National Laboratory, concentrating intensely on the object in front of him. His left thumb was hooked into a hole on the top of a heavy beryllium dome, fingers bracing the side as he carefully cantilevered it on its leftmost edge. In his right hand he held a flathead screwdriver, its head wedged under the right edge of the dome to keep it from closing completely. Through the gap on the right side you could just barely catch a metallic gleam, a glimpse of the 14-pound plutonium sphere that was slated to become one of the United States’ next nuclear weapons.
  • Going from plutonium nitrate to a finished bomb core had proven to be a major challenge for the metallurgists at Los Alamos Laboratory. By the time they made the demon core (the third plutonium core, after those in the Trinity and Nagasaki bombs) they had worked out many of the kinks. They first converted the plutonium salt into plutonium metal by reacting it with metallic calcium, a relatively straightforward process. The metallurgists weren’t done, though: Early studies had found that plutonium produced this way is incredibly brittle, cracking with every attempt to make it into the needed shapes. To solve this, the metallurgists tried mixing the plutonium with various other metals to see if they could improve its workability as an alloy, eventually finding gallium to be ideal. The plutonium-gallium alloy of the demon core was hot-pressed into two hemispheres and then coated with a thin layer of nickel to protect the plutonium from rusting; joining these two hemispheres together completed its manufacture.
  • An opportunity came in the form of Operation Crossroads, a testing program to determine the impact of nuclear weapons on warships. However, now that the wartime pressure was off, the scientists realized that it would be useful to run some more tests on their creation.
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  • Los Alamos ended hand-manipulation of nuclear cores in criticality experiments after Slotin’s death. That was certainly for the best. And yet, Feynman’s quip about the test—comparing it to tickling the tail of a sleeping dragon—also kept the certainty of unimaginable destruction close at hand.
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Corporate panic about capitalism could be a turning point  - The Washington Post - 0 views

  • the Business Roundtable, which represents the chief executives of 192 of the nation’s largest companies. Most of its members signed a statement declaring that making profits for shareholders isn’t a corporation’s sole responsibility. Instead, companies have a broader mission to serve customers, employees, suppliers and communities, too, the statement said.
  • Jamie Dimon, the chief executive of JPMorgan Chase and chairman of the Business Roundtable, led the signers who agreed: “Many Americans are struggling. Too often hard work is not rewarded.” Dimon had warned earlier this year in his annual letter to his company’s shareholders that the American Dream was “fraying for many” because of stagnant wages and income inequality.
  • Corporate America fears the system is failing. As Dalio wrote, this is an “existential” moment. The guardians of capitalism seem to realize that they must respond to right-wing populists and left-wing progressives alike or face a worsening political crisis that is already hobbling the country.
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  • The corporate panic about capitalism could be a turning point, opening the way for a future president to begin fixing the problems of stagnant wages and inequality that are at the core of America’s disarray
  • America’s historical experience teaches us that economic reform succeeds when it goes mainstream, and that’s what’s happening now.
  • Today’s corporate reformers share the same concern about saving a broken capitalist system as did President Franklin D. Roosevelt in the New Deal era and President Theodore Roosevelt in the Progressive era. Dalio made the historical analogy in his manifesto: “We are now seeing conflicts between populists of the left and populists of the right increasing around the world in much the same way as they did in the 1930s when the income and wealth gaps were comparably large.”
  • Dalio has even questioned the profit motive, the capitalist holy of holies, arguing that while “usually an effective motivator and resource allocator . . . it is now producing a self-reinforcing feedback loop that widens the income/wealth/opportunity gap to the point that capitalism and the American dream are in jeopardy.”
  • Calm, reassuring, Roosevelt saved capitalism by reforming it, redeeming his campaign pledge to “the forgotten man at the bottom of the economic pyramid.” Who in the current Democratic field can claim this role in 2020? The ground is ready. Even the moguls know it’s time for change.
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Taiwan Is Beating the Coronavirus. Can the US Do the Same? | WIRED - 0 views

  • it is natural enough to look at Taiwan’s example and wonder why we didn’t do what they did, or, more pertinently, could we have done what they did?
  • we keep seeing the culturally embedded assumption that East Asian-style state social control just won’t fly in the good old, individualist, government-wary, freedom-loving United States.
  • The New York Times: People in “places like Singapore … are more willing to accept government orders.” Fortune: “There seems to be more of a willingness to place the community and society needs over individual liberty.” Even WIRED: “These countries all have social structures and traditions that might make this kind of surveillance and control a little easier than in the don’t-tread-on-me United States.”
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  • we see the classic “Confucian values” (or “Asian values”) argument that has historically been deployed to explain everything from the economic success of East Asian nations to the prevalence of authoritarian single-party rule in Asia, and even, most recently, China’s supposed edge in AI research.
  • So, yeah, kudos to Taiwan for keeping its people safe, but here in America we’re going to do what we always do in a crisis—line up at a gun store and accuse the opposing political party of acting in bad faith. Not for us, those Asian values.
  • But the truth is that Taiwan, one of Asia’s most vibrant and boisterous democracies, is a terrible example to cite as a cultural other populated by submissive peons
  • Taiwan’s self-confidence and collective solidarity trace back to its triumphal self-liberation from its own authoritarian past, its ability to thrive in the shadow of a massive, hostile neighbor that refuses to recognize its right to chart its own path, and its track record of learning from existential threats.
  • There is no doubt that in January it would have been difficult for the US to duplicate Taiwan’s containment strategy, but that’s not because Americans are inherently more ornery than Taiwanese
  • It’s because the United States has a miserable record when it comes to learning from its own mistakes and suffers from a debilitating lack of faith in the notion that the government can solve problems—something that dates at least as far back as the moment in 1986 when Ronald Reagan said, “The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’”
  • The Taiwan-US comparison is the opposite of a clash of civilizations; instead, it’s a deathly showdown between competence and incompetence.
  • To be fair, there are some cultural aspects of East Asian societies that may work in Taiwan’s favor
  • There is undeniably a long tradition in East Asia of elevating scholars and experts to the highest levels of government,
  • The country’s president Tsai Ingwen, boasts a PhD from the London School of Economics, and the vice president, Chen Chien-jen, is a highly regarded epidemiologist
  • The threat of SARS put Taiwan on high alert for future outbreaks, while the past record of success at meeting such challenges seems to have encouraged the public to accept socially intrusive technological interventions.
  • First, and most important was Taiwan’s experience battling the SARS outbreak in 2003, followed by the swine flu in 2009
  • “Taiwan actually has a functioning democratic government, run by sensible, well-educated people—the USA? Not so much.”)
  • Taiwan’s commitment to transparency has also been critical
  • In the United States, the Trump administration ordered federal health authorities to treat high-level discussions on the coronavirus as classified material.
  • In Taiwan, the government has gone to great lengths to keep citizens well informed on every aspect of the outbreak, including daily press conferences and an active presence on social media
  • “Do not forget that Taiwan has been under China’s threat constantly,” wrote Wang Cheng-hua, a professor of art history at Princeton, “which has raised social consciousness about collective action. When the collective will supports government, then all of the strict measures implemented by the government make sense.”
  • Over the past quarter-century, Taiwan’s government has nurtured public trust by its actions and its transparency.
  • The democracy activists who risked their lives and careers during the island nation’s martial law era were not renowned for their willingness to accept government orders or preach Confucian social harmony
  • some of the current willingness to trust what the government is telling the people is the direct “result of having experienced the transition from an authoritarian government that lied all the time, to a democratic government and robust political dialogue that forced people to be able to evaluate information.”
  • Because of the opposition of the People’s Republic of China, Taiwan is not a member of the United Nations or the World Health Organization
  • “The reality of being isolated from global organizations,” wrote Tung, “also makes Taiwanese very aware of the publicity of its success in handling a crisis like this. The more coverage from foreign media, the more people feel confident in government policy and social mobilization.”
  • Given what we know about Taiwan’s hard-won historical experience, could the US have implemented a similar model?
  • The answer, sadly, seems to be no
  • it would be impossible for the US to successfully integrate a health care database with customs and travel records because there is no national health care database in the United States. “The US health care system is fragmented, making it difficult to organize, integrate, and assess data coming in from its various government and private-sector parts,”
  • more tellingly, continued Fidler, “the manner in which the United States has responded to Covid-19 demonstrates that the United States did not learn the lessons from past outbreaks and is struggling to cobble together a semblance of a strategy. ”
  • There’s where the contrast between the United States and Taiwan becomes most salient. The US is not only bad at the act of government but has actively been getting worse.
  • But Taiwan’s own success at building a functional democracy is probably the most potent rebuke to the Asian values thesis.
  • But over that same period, powerful political and economic interests in the US have dedicated themselves to undermining faith in government action, in favor of deregulated markets that have no capacity to react intelligently or proactively to existential threats.
  • And instead of learning from history, US leaders actively ignore it, a truth for which there could be no better symbolic proof than the Trump administration’s dismantling of the National Security Council pandemic office created by the Obama administration in the wake of the Ebola outbreak
  • Finally, instead of seeking to keep the public informed to the best of our ability, some of our political leaders and media institutions have gone out of their way to muddy the waters.
  • In Taiwan, one early government response to the Covid-19 outbreak was to institute a fine of $100,000 for the act of spreading fake news about the epidemic.
  • In the US the most popular television news network in the country routinely downplayed or misrepresented the threat of the coronavirus, until the severity of the outbreak became too large to ignore.
  • If there is any silver lining here, it’s that the disaster now upon us is of such immense scope that it could finally expose the folly of the structural forces that have been wreaking sustained havoc on American governmental institutions
  • So maybe we are finally about to learn that competence matters, that educated leaders are a virtue, and that telling the truth is a responsibility
  • Americans might have to learn this the hard way, like we did in Hong Kong and Singapore.”
  • We’re about to find out how hard it’s going to be. But will we learn?
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The Better Letter: Randomness Rules - by Bob Seawright - The Better Letter - 0 views

  • We readily – routinely – underestimate the power and impact of randomness in and on our lives
  • In his book, The Drunkard’s Walk, Caltech physicist Leonard Mlodinow employs the idea of the “drunkard’s [random] walk” to compare “the paths molecules follow as they fly through space, incessantly bumping, and being bumped by, their sister molecules,” with “our lives, our paths from college to career, from single life to family life, from first hole of golf to eighteenth.” 
  • Although countless random interactions seem to cancel each another out within large data sets, sometimes, “when pure luck occasionally leads to a lopsided preponderance of hits from some particular direction...a noticeable jiggle occurs.” When that happens, we notice the unlikely directional jiggle and build a carefully concocted story around it while ignoring the many, many random, counteracting collisions.
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  • As Tversky and Kahneman have explained, “Chance is commonly viewed as a self-correcting process in which a deviation in one direction induces a deviation in the opposite direction to restore the equilibrium. In fact, deviations are not ‘corrected’ as a chance process unfolds, they are merely diluted.” 
  • Such contingency explains why sports provide the world’s best reality show. The better team does not win every game.
  • Its power, its meaning, and its joy are wrapped in its improbability. In retrospect, it seems destined. That the U.S. team was “born for this.” The truth is, despite the power and greatness of Brooks’ speech, it was anything but. 
  • As Stephen Jay Gould famously argued, were we able to recreate the experiment of life on Earth a million different times, nothing would ever be the same, because evolution relies upon randomness. Indeed, the essence of history is contingency.
  • Mauboussin describes the “paradox of skill” as follows: “As skill improves, performance becomes more consistent, and therefore luck becomes more important.” In investing, therefore (and for example), as the population of skilled investors has increased, the variation in skill has narrowed, making luck increasingly important to outcomes.
  • All-time great teams still lose about one out of every three games, all to inferior teams, demonstrating that winning baseball games involves a lot of luck.
  • Since mean reversion establishes that the expected value of the whole season is roughly 50:50 (or slightly above or below that level), a 60 percent winning percentage being really good means that there is a lot of randomness built into baseball outcomes.
  • Luck matters. A lot. Yet, we tend dramatically to underestimate the role of randomness in the world. 
  • The self-serving bias is our tendency to see the good stuff that happens as our doing (“we worked really hard and executed the game plan well”) while the bad stuff isn’t our fault (“It just wasn’t our night” or “we simply couldn’t catch a break” or “we would have won if the umpiring hadn’t been so awful”). Thus, desirable results are typically due to our skill and hard work — not luck — while lousy results are outside of our control and the offspring of being unlucky.
  • Michael Mauboussin’s The Success Equation seeks to untangle elements of luck and skill in sports, investing, and business
  • Randomness rules.
  • the ever-increasing aggregate skill (supplemented by massive computing power) of the investment world has come largely to cancel itself out.
  • Meanwhile, Smith argues that effort and repetition mean a great deal to athletic success, but that innate talent, which cannot be taught, means even more. Thus practice — even perfect practice — does not make perfect.
  •  randomness explains why the best team or player doesn’t always win, even though the best will tend to win more often. Being very good merely improves the odds of success. It doesn’t guarantee it. 
  • we should all recognize that the outcomes in many activities in life combine elements of both skill and luck. Like baseball, investing is one of these. Understanding the relative contributions of luck and skill can help us assess past results and, more importantly, anticipate future results, a point to which Mauboussin pays particular attention.
  • Lady Luck is crucial to investment outcomes. There is no getting around it. Managing one’s portfolio so as to benefit the most from good luck and (even more importantly) to get hurt the least by bad luck are the keys to investment management. Doing so well is a remarkable skill, but not the sort of skill that’s commonly assumed, even (especially!) by professionals.
  • In the markets, the average investor underperforms due to costs alone. Poker is similar on account of the house’s rake. Yet most investors — like most poker players and most people generally, due to optimism bias — think they are better (and often much better) than the norm
  • In a “quasi-experimental” study, researchers set out to examine these questions in poker. They got together a group of both expert and novice poker players to play fixed games, meaning that the players received hands that the researchers had set up – without the knowledge of the players – to test how things would go under various scenarios. The results revealed that while the cards dealt (luck) largely predicted the winner, skill was crucial to reducing losses when players were dealt a bad hand. That’s a true if unsurprising result as far as it goes. But the conclusion of the study (“that poker should be regarded as a game of chance”) is clearly overstated.
  • It’s surely true that over the short term, luck dominates skill in poker. However, over longer and longer periods of time – a much larger database of hands – a slight skill advantage will result in a positive win rate because no player will have better cards in the aggregate. In other words, given enough time, luck cancels itself out.
  • As Silver argues in The Signal and the Noise, especially when the skill differential is not great, the interesting question is how long it will take for skill to win out.
  • consistent with the study – the primary reason is that the expert player makes fewer mistakes. Science seeks the truth by uncovering and discarding what is false. What’s left is likely to be true.
  • As noted above, we all like to think that our successes are earned and that only our failures are due to luck – bad luck. But the old expression – it’s better to be lucky than good – is at least partly true. That said, it’s best to be lucky *and* good. As a consequence, in all probabilistic fields (which is nearly all of them), the best performers dwell on process and diversify their bets. You should do the same.
  • what we should already know – market success (however defined), especially over the relatively short run, is more a matter of luck than of skill.
  • nvestment performance data support this idea unequivocally. As Charley Ellis has shown, “research on the performance of institutional portfolios shows that after risk adjustment, 24% of funds fall significantly short of their chosen market benchmark and have negative alpha, 75% of funds roughly match the market and have zero alpha, and well under 1% achieve superior results after costs — a number not statistically significantly different from zero.” 
  • As Silver emphasizes in The Signal and the Noise, we readily overestimate the degree of predictability in complex systems [and t]he experts we see in the media are much too sure of themselves (I wrote about this problem in our industry from a slightly different angle…). Much of what we attribute to skill is actually luck.
  • Plan accordingly.
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Mikhail Mishustin: What we know about Russia's new prime minister - CNN - 0 views

  • He may not even have had an English-language Wikipedia page on Wednesday morning, but former tax official Mikhail Mishustin is now Russian prime minister.Russia's lower house of parliament, the State Duma, confirmed Mishustin's new role Thursday amid a major political shakeup.
  • Prior to his appointment, Mishustin served as the head of the Federal Tax Service, where he forged a reputation as a skilled technocrat who successfully reformed the country's fiscal system.
  • Mishustin is largely unknown to the Russian public and had previously showed little political ambition.
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  • Mishustin's appointment comes after previous prime minister Dmitry Medvedev, along with the entire Russian government, resigned Wednesday to clear the way for reforms that could potentially extend Putin's grip on power after his presidential term ends in 2024.
  • Putin has proposed constitutional amendments that would effectively strengthen the powers of the prime minister and parliament at the expense of the presidency -- weakening his successor in the process -- but the exact machinations behind the plan remain unclear.
  • "Mishustin -- this is digitalization, clarity, modern professionalism, decency, the elimination of barriers to legitimate activity, innovative solutions, openness to world technology while taking care of proper sovereignty ... hostility to violent power methods -- in short, everything that we need right now,"
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Uyghurs - Wikipedia - 0 views

  • They represent 0.31% of the total population of China. DNA analyses indicate the peoples of central Asia such as the Uyghurs are all mixed Caucasian and East Asian
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Opinion | Much of today's intelligentsia cannot think - The Washington Post - 0 views

  • An admirable intelligentsia, inoculated by education against fashions and fads, would make thoughtful distinctions arising from historically informed empathy. It would be society’s ballast against mob mentalities.
  • today’s lumpen intelligentsia consists of persons for whom a little learning is delightful. They consider themselves educated because they are credentialed, stamped with the approval of institutions of higher education that gave them three things: a smattering of historical information just sufficient to make the past seem depraved; a vocabulary of indignation about the failure of all previous historic actors, from Washington to Lincoln to Churchill, to match the virtues of the lumpen intelligentsia; and the belief that America’s grossest injustice is the insufficient obeisance accorded to this intelligentsia.
  • The cancel culture depends on not having so much learning that it spoils the statue-toppling fun: Too much learning might immobilize the topplers with doubts about how they would have behaved in the contexts in which the statues’ subjects lived.
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  • The cancelers are reverse Rumpelstiltskins, spinning problems that merit the gold of complex ideas and nuanced judgments into the straw of slogans.
  • their education produces only expensively schooled versions of what José Ortega y Gasset called the “mass man.”
  • In 1932’s “The Revolt of the Masses,” the Spanish philosopher said this creature does not “appeal from his own to any authority outside him. He is satisfied with himself exactly as he is. . . . He will tend to consider and affirm as good everything he finds within himself: opinions, appetites, preferences, tastes.” (Emphasis is Ortega’s.)
  • The result is barbarism, as Ortega defined it, “the absence of standards to which appeal can be made.” A barbarian is someone whose ideas are “nothing more than appetites in words,” someone exercising “the right not to be reasonable,” who “does not want to give reasons” but simply “to impose his opinions.”ADADThe barbarians are not at America’s gate. There is no gate.
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Population panic lets rich people off the hook for the climate crisis they are fuelling... - 0 views

  • Next week the BirthStrike movement – founded by women who, by announcing their decision not to have children, seek to focus our minds on the horror of environmental collapse – will dissolve itself, because its cause has been hijacked so virulently and persistently by population obsessives. The founders explain that they had “underestimated the power of ‘overpopulation’ as a growing form of climate breakdown denial”.
  • It is true that, in some parts of the world, population growth is a major driver of particular kinds of ecological damage, such as the expansion of small-scale agriculture into rainforests, the bushmeat trade and local pressure on water and land for housing. But its global impact is much smaller than many people claim.
  • The formula for calculating people’s environmental footprint is simple, but widely misunderstood: Impact = Population x Affluence x Technology (I = PAT).
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  • The global rate of consumption growth, before the pandemic, was 3% a year. Population growth is 1%. Some people assume this means that the rise in population bears one-third of the responsibility for increased consumption
  • But population growth is overwhelmingly concentrated among the world’s poorest people, who have scarcely any A or T to multiply their P. The extra resource use and greenhouse gas emissions caused by a rising human population are a tiny fraction of the impact of consumption growth.
  • Yet it is widely used as a blanket explanation of environmental breakdown.
  • Panic about population growth enables the people most responsible for the impacts of rising consumption (the affluent) to blame those who are least responsible.
  • At this year’s World Economic Forum in Davos, the primatologist Dame Jane Goodall, who is a patron of the charity Population Matters, told the assembled pollutocrats, some of whom have ecological footprints thousands of times greater than the global average: “All these things we talk about wouldn’t be a problem if there was the size of population that there was 500 years ago.”
  • If we had the global population of 500 years ago (around 500 million), and if it were composed of average UK plane passengers, our environmental impact would probably be greater than that of the 7.8 billion alive today.
  • he proposed no mechanism by which her dream might come true. This could be the attraction. The very impotence of her call is reassuring to those who don’t want change. If the answer to environmental crisis is to wish other people away, we might as well give up and carry on consuming.
  • Since the clergymen Joseph Townsend and Thomas Malthus wrote their tracts in the 18th century, poverty and hunger have been blamed not on starvation wages, war, misrule and wealth extraction by the rich, but on the reproduction rates of the poor.
  • Winston Churchill blamed the Bengal famine of 1943, that he helped to cause through the mass export of India’s rice, on the Indians “breeding like rabbits”. In 2013 Sir David Attenborough, also a patron of Population Matters, wrongly blamed famines in Ethiopia on “too many people for too little land”, and suggested that sending food aid was counter-productive.
  • Malthusianism slides easily into racism.
  • Most of the world’s population growth is happening in the poorest countries, where most people are black or brown. The colonial powers justified their atrocities by fomenting a moral panic about “barbaric”, “degenerate” people “outbreeding” the “superior races”
  • These claims have been revived today by the far right, who promote conspiracy theories about “white replacement” and “white genocide”. When affluent white people wrongly transfer the blame for their environmental impacts on to the birthrate of much poorer brown and black people, their finger-pointing reinforces these narratives. It is inherently racist.
  • The far right now uses the population argument to contest immigration into the US and the UK
  • how do we distinguish proportionate concerns about these harms from deflection and racism? Well, we know that the strongest determinant of falling birth rates is female emancipation and education. The major obstacle to female empowerment is extreme poverty. Its effect is felt disproportionately by women.
  • So a good way of deciding whether someone’s population concerns are genuine is to look at their record of campaigning against structural poverty.
  • Have they contested the impossible debts poor nations are required to pay? Have they argued against corporate tax avoidance, or extractive industries that drain wealth from poorer countries, leaving almost nothing behind
  • Or have they simply sat and watched as people remain locked in poverty, then complained about their fertility?
  • Before long, this reproductive panic will disappear. Nations will soon be fighting over immigrants: not to exclude them, but to attract them, as the demographic transition leaves their ageing populations with a shrinking tax base and a dearth of key workers.
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Andrew Sullivan and the Narrative of the "MSM Narrative" - by Jonathan V. Last - The Triad - 0 views

  • This is nonsense. Let’s unpack all of it.
  • “We” and “They”
  • The “mainstream media”—I’m going to stop putting that in quotes, but keep imagining that I’m saying it sarcastically—is probably made up of several thousand individuals and then a three-figure number of institutions. At any given moment, on any given story, some number of these people and institutions will communicate facts that are eventually understood to be misleading or incorrect. Some of these people and institutions are better at their jobs than others.
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  • The point is that the MSM universe is so large that you’re always going to be able to cherry-pick examples to support the notion that “they” are feeding “us” false narratives.
  • We have had a robust conversation about whether the inflation we’re seeing is transitory, or not. There are different signals pointing in different directions. Of the thousands of people who make up the MSM, some give more credence to one view, some to the other.1
  • The same is true for literally every other example Sullivan cherry-picks. Jussie Smollett was not an “MSM narrative.” It was a crime-blotter case that the media reported, and then continued reporting on, even as the subsequent reporting took Smollett’s story apart.
  • Surely some people in or around the MSM were more credulous than they should have been. Some people were skeptical from the start. There was no “narrative” except the one that exists in Andrew Sullivan’s head.
  • And of the dozens of thousands of meta-stories the MSM has covered over the last five years, much of the reporting has added real value to our world, yes?
  • For instance, if you only relied on reporting from the MSM about COVID, you would have been much better informed than if you’d relied on, say, Facebook, or conservative media. Reporting on the 2020 election lawsuits and allegations of fraud in the MSM were, in the main, very helpful.
  • Undergirding Sullivan’s essay is a notion that someone ought to do something.
  • Remember: It wasn’t a faceless blob called “the media” that published the UVA story. It was Rolling Stone. And it was a collection of reporters at various “mainstream media outlets” who took the Rolling Stone story apart.
  • I mention this history not to damn the mainstream media, but to show that what Sullivan laments isn’t new. There is no golden past. People in the media make mistakes. Sometimes big ones. Bigger, even, than the “narrative” on the Covington kids.
  • What’s the Alternative?
  • Is the journalistic mode great? No. Like democracy, it is the worst system there is—except for all the others.
  • Well, we tried that. “Conservative media” in its modern incarnation—the Washington Times, Fox News, the Federalist—was created as a corrective to the endemic flaws in the mainstream media.
  • the Rolling Stone case is actually a proof of concept for the media.
  • The Federalist publishes snuff fantasies and COVID death-cult nonsense.
  • And conservative media criticism is so nakedly partisan that on occasions when conservative media makes a mistake—for instance, the Washington Examiner’s Muslim prayer-rugs-at-the-border story—the response from erstwhile “conservative media critics” was . . . [crickets].
  • In conservative media, there is no self-corrective outside of the legal system.2
  • Any Club at Hand
  • Why has Sullivan recently become so exercised about the dangers of MSM narratives? I suspect because we often write what we know.
  • In recent years Andrew Sullivan has been othered by parts of the MSM for sins against current political orthodoxy. To him, these recent developments feel like a big, all-consuming story. Because for him, personally, they have been.
  • someone has to defend the honor of the dreaded mainstream media. Because here is the very boring truth about “MSM narratives”:
  • The media is a vast space where actors and institutions are interconnected, but operate semi-independently, according to a variety of incentives. Sometimes independent actors make good-faith mistakes. Sometimes they make bad-faith mistakes. But in most cases—in nearly every case, actually—the marketplace of ideas eventually wins and the truth outs.
  • The MSM is like a giant peer-review system, but where the peer-reviewing takes place after publication. Jonathan Rauch talks about this at length in The Constitution of Knowledge—that the scientific enterprise and the journalistic enterprise have similar modes of operation.
  • The conservative broadcast ecosystem—Fox, OAN, Newsmax, talk radio—is so untethered from reality that their legal departments occasionally force them to air libel-remedy hostage videos condemning their own “reporting.” They air anti-vaccine nonsense and false-flag theories.
  • By its diffuse nature, the media can’t be optimized. There will always be flaws and inefficiencies.5
  • I’d argue that the mainstream media’s continued openness to self-correction over the last few years is evidence of its overall reliability and health—even in the face of our democracy having hit a real-deal constitutional crisis.
  • We are on the cusp of a media crisis that no one is talking about.
  • As we move toward 2024, the big concern should be how the media would cover an openly anti-democratic presidential candidate. Would they treat said candidate as a danger to America? Or would they attempt to remain neutral and pretend that he was just another generic politician doing normal political things?
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The Enchantments of Mammon by Eugene McCarraher review - an epic blend of history, prop... - 0 views

  • The Enchantments of Mammon by Eugene McCarraher
  • It is almost impossible to categorise Enchantments of Mammon. This monumental labour of love took two decades to write.
  • this is an extraordinary work of intellectual history as well as a scholarly tour de force, a bracing polemic and a work of Christian prophecy
  • ...24 more annotations...
  • it is beautifully written and a magnificent read, whether or not one follows the author all the way to his final destination in this journey of the pilgrim soul in the capitalist wilderness.
  • McCarraher challenges more than 200 years of post-Enlightenment assumptions about the way we live and work. He rails against “the ensemble of falsehoods that comprise the foundation of economics”, which offer “a specious portrayal of human beings and a fictional account of their history”.
  • Homo economicus, driven by instrumental self-interest and controlled by the power of money, is condemned as a shabby and degrading construct that betrays the truth of human experience.
  • After capitalism has delivered what the author describes as “two centuries of Promethean technics and its irreparable ecological impact” there must be a return to an earlier, gentler, more sacramental vision of the world; one that has a greater sense of natural limits and a restored sense of wonder at creation.
  • McCarraher embarks on a kind of genealogy of neoliberal morals, barrelling his way through the tracts, studies, theories and literature that have constituted the “symbolic universe” of capitalism since the Renaissance.
  • From the English Puritans who made money for the greater glory of God, through the machine idolatry rampant in 1920s Fordism, to the cult of the ruthless entrepreneur
  • capitalism is best understood, he concludes, as a secular faith. It operates through myths and dogma, just as any religion does.
  • Modernity is not, as Max Weber maintained, the culmination of a process of intellectual “disenchantment”, in which societies lost their sense of the sacred and embraced the rational
  • Instead, a different enchantment took hold of our minds; the material culture of production and consumption. “Its moral and liturgical codes are contained in management theory and business journalism,” writes McCarraher. “Its iconography consists of advertising, marketing, public relations and product design.”
  • This brave new era produced a “predatory and misshapen love of the world
  • Spiritually diminished by the commodification of things and people, and the desire to consume, we have lost sight of what the Catholic poet Gerard Manley Hopkins described as the “dearest freshness deep down things”.
  • On Avarice. This work, says McCarraher, signalled a transition: the growth of commerce and banking was beginning to loosen the grip of biblical disdain for “filthy lucre”
  • the Florentine then makes an argument that is precociously modern, suggesting that without it, there would be “no temples, no colonnades, no palaces…”
  • The 17th-century Puritans are presented as a capitalist “avant garde”, driven by notions of a divine calling to turn common land into private property and then turn a profit on it
  • Milton mourns this sellout of the English revolution, using Paradise Lost to portray Mammon as a fallen angel, driven to blasphemous self-aggrandisement on eart
  • by the 20th century such satanic cunning is the new common sense in business circles
  • McCarraher leaves the poetry of Milton to move, via the Industrial Revolution, to the outlandish business utopias dreamed up in early 20th-century America
  • In February 1928, Vanity Fair caught the mood, praising Henry Ford as “a divine master-mind”
  • the epilogue of this mammoth portrait of the religious longings at the heart of secular materialism carries a bleak message: 20th-century fantasies of the world as one global business have been realised. Capital’s empire now extends to all corners of the world. Globalisation has built a “paradise of capital”
  • But Mammon is delivering an unsustainable future dominated by wage stagnation, tech-led unemployment, deepening inequality and environmental peril. As disaster looms, distraction is being sought in “a tranquillising repertoire of digital devices and myriad forms of entertainment” along with “the analgesic pleasures of consumption”.
  • “get back to the garden”. A new Romantic left is needed to reinhabit a sacramental imagination, which values people and things in themselves rather than as factors of production, and places collaboration over competition
  • recalling John Ruskin’s principle of “amazement”, which teaches that the gifts of nature should be admired and nurtured, rather than ravished and depleted
  • where pessimism might take hold, the author’s Christian faith gives him a trump card. For McCarraher, it is simply the case that “the Earth is a sacramental place, mediating the presence and power of God”
  • however obscured the truth is by a destructive lust for power and accumulation. It is simply a question of seeing things as they truly are.
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