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Javier E

Everyone likes the idea of equal opportunity. This economist thinks it's a fantasy. - 0 views

  • His new book, "The Son Also Rises" (Clark is a big fan of Hemingway puns), traces families with particular surnames to measure social mobility over the course of hundreds of years in England, the United States, Sweden, India, China and more. He finds that there's much less mobility than we often assume, and that government interventions to promote it more often than not fail.
  • What gave you the idea to look at surname data? Initially I was interested just in extending conventional social mobility estimates into the distant past. Estimating social mobility is very data intensive. You need to link individual parents and children. There are thus no such estimates for any society before 1850. Tracking surname status was a convenient shortcut. In most societies, all the people with a surname such as Goodhart descended from the earlier set of Goodharts. We do not know the individual linkages, but we can ask what is happening to their status as a group across generations.
  • I found that you get radically slower estimated mobility rates for all societies when you switch to surnames.
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  • The effect is dramatic in some countries. Modern Sweden has some of the most rapid social mobility rates estimated in the world. Yet surnames in modern Sweden show status persistence exactly in this 0.7-0.8 range. This result was completely unexpected. Understanding why that is the case is a key puzzle the book tackles.
  • The book mainly concentrates on measures such as education, occupational status, wealth and longevity as indicators of status. Another surprising puzzle that emerged is that with surnames, the persistence of status was the same for all these measures. We might expect wealth to persist in a different way, since it can be transmitted across generations in a different way than education. You do not need any talent to inherit wealth. This is another regularity the book tries to account for.
  • Another remarkable feature of the surname data is how seemingly impervious social mobility rates are to government interventions. In all societies, what seems to matter is just who your parents are. At the extreme, we see in modern Sweden an extensive system of public education and social support. Yet underlying mobility rates are no higher in modern Sweden than in pre-industrial Sweden or medieval England.
  • Interestingly, in China, the extreme social intervention represented by the Communist Revolution of 1949, which included executing large numbers of members of the old upper class, has not resulted in much of an increase in social mobility. Surnames of high status in the Imperial and Republican era continue to be overrepresented among modern elites, including Communist Party officials.
  • families that have high social competence, whatever the social system is, typically find their way to the top of the social ladder.
  •  It is clear that families are very powerful determinants of children’s outcomes. But what do parents transmit to their children? Is it mainly some type of culture? Or is it mainly genetics?
  • The data does not exist to provide any conclusive answer to this question. But even if this is cultural transmission, it looks in all respects just the same as biological inheritance. The book performs a series of tests to see if biological transmission can be ruled out as the important link, and the empirical patterns never rule this out.
  • A recent book, "The Triple Package"  [by Amy Chua and Jed Rubenfeld], argues the extreme opposite of biology in explaining social status, with the claim that successful cultural groups in the U.S. have three key features leading to success, one being impulse control. But what is remarkable is how disparate the culturally successful groups they identify are – Jews, Chinese, Indians, Mormons, Iranians, Lebanese, Nigerians, Cubans. And it is demonstrable that most of the successful groups identified here were elites selected from the parent populations as a combined result of politics at home and immigration policy in the U.S.
  • All this information on social mobility within societies unfortunately does not offer much insight into why societies as a whole succeed or fail in economic terms.
  • The surname data suggests that you will not be able to do much to increase social mobility through social policies of any type.  We already live in societies of massive social intervention in terms of the provision of education and health care. Yet we have not been able to raise social mobility rates above those of the pre-industrial era.
  • But if we're learning that we can predict the majority of people's outcomes at conception, that should lead us to reexamine our assumption that whatever income distribution comes out in society is fine. Because if it's the case that a lot of this is determined before someone enters the game, it weakens the case for letting the market determine the distribution. You'd be much more likely to favor a society with much less inequality.
  • And that's where Sweden's system does provide advantages over the U.S.'s. They haven't changed mobility rates, but they've changed the consequences, strongly, of ending up at various points in the distribution. It's a much better place for people who end up at the bottom of the distribution.
  • One piece of news that most people will find encouraging in these various studies is that eventually all elites become average in their characteristics, even if that takes 300 years
  • Accounts that emphasize cultural transmission all have a hard time explaining why successful groups, and successful families in general, all experience regression to the mean. There is nothing to stop a cultural trait being inherited unchanged
  • Only biological inheritance has an inbuilt mechanism to explain observed regression to the mean. It also has predictions about when this regression to the mean will not be observed (complete endogamy). It further implies that the rate of regression to the mean will be the same at the top of the status distribution as at the bottom. So the biological pathway has two advantages over the cultural. It produces a mechanism to explain the regression of all elites and underclasses that we observe, and it has testable implications about the speed and character of that mobility.
  • The final surprise in conducting this study was to find a seeming simple physics that underlies social mobility.
  • When we observe an elite group in 1800 in England, we can predict to seven generations in the future what their relative social position will be, despite the arrival of the Industrial Revolution and the rise of the modern welfare state in the interval.
  • Two very simple equations are sufficient to describe a major feature of the social world, and a feature that you would think impossible to model in any such manner.
julia rhodes

In West Bank Settlements, Israeli Jobs Are Double-Edged Sword - NYTimes.com - 0 views

  • The personal conflict that thousands of Palestinians face working for Israeli companies in the occupied West Bank is particularly stark for Hassan Jalaita, who for 18 years has repaired Israeli Army jeeps at the Zarfati garage here.
  • “I feel like I’m not a human being — we are serving the occupation,” said Mr. Jalaita, 47, a father of five, two of them university students. “I am forced to work here because I have a house, I have a family. Tomorrow, if there is another place to work, if there is work in Palestine, I will do it.”
  • Diana Buttu, a lawyer who has been studying West Bank work conditions, and other boycott supporters acknowledged that the settlement industry provided important economic opportunities for Palestinians even as it challenged their national aspirations.
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  • Underlying the dispute is a complicated economic and political landscape of factories and farms that at once entrench the Israeli occupation and help feed the Palestinian families that oppose it. About 25,000 Palestinians work legally for Israelis in the West Bank, many in construction, building the settlements they hope will soon be dismantled.
  • . They have about 1,000 plants — sophisticated aluminum and food manufacturers as well as tiny textile and furniture workshops — that pump roughly $300 million into the Palestinian economy through salaries and, at the same time, take up vast acreage in what Palestinians see as their future state.Palestinian officials and boycott advocates say that these settlement businesses exploit a vulnerable work force, and that Israel’s occupation is largely responsible for the moribund Palestinian economy that makes its own jobs appealing. Israeli leaders and factory owners, though, say the companies do more to help than hurt Palestinians, and provide rare opportunities for coexistence between the two peoples.
  • Israeli industries operating in settlements that most of the world considers illegal and a prime obstacle to peace have become a focus of global attention in recent weeks, amid growing momentum for a boycott movement targeting Israeli businesses and institutions
  • Palestinian minimum wage was $410 a month, compared with Israel’s $1,217, and most Palestinian workers lacked pensions, vacation days and disability insurance — factors she and others say are the fault of the Palestinian Authority as well as Israel.
  • The Palestinian Authority began boycotting settlement products in late 2009, but stopped short of punishing people who helped produce them. Mohammed Mustafa, the Palestinian deputy prime minister for economic affairs, called the industrial parks part of an exploitative pattern of “business colonization” that has blocked the authority from building a viable economy.
  • “If we have our land, if we have our resources, if we have independence, if we have control of our economy, then we will give them opportunities,” Mr. Mustafa said. “Yes, they are paying them more, but who wants to be working in a settlement? This is, in a way, even worse than not giving them a job.”
  • The Palestinian Authority cannot inspect these workplaces, and the Israeli Ministry of Economy has jurisdiction over only minimum-wage violations (a spokeswoman said it opened 10 investigations last year).
Javier E

The Hard Truths of Trying to 'Save' the Rural Economy - The New York Times - 0 views

  • One thing seems clear to me: nobody — not experts or policymakers or people in these communities — seems to know quite how to pick rural America up.
  • States, municipalities and the federal government have spent billions to draw jobs and prosperity to stagnant rural areas. But they haven’t yet figured out how to hitch this vast swath of the country to the tech-heavy economy that is flourishing in America’s cities.
  • There are 1,888 counties in America in which more than half the population is rural, according to the Census Bureau, and they stretch from coast to coast.
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  • That’s more than agriculture, forestry, fishing and mining combined and second only to education, health care and social assistance, which includes teachers, doctors, nurses and social service counselors. Most of those jobs are government funded.
  • Overall, manufacturing employs about one in eight workers in the country’s 704 entirely rural counties.
  • After World War II, small town prosperity relied on its contribution to the industrial economy.
  • agglomeration, one of the most powerful forces shaping the American economy over the last three decades. Innovative companies choose to locate where other successful, innovative companies are.
  • Robots and workers in China put together most of the manufactured goods that Americans buy
  • and the high-tech industries powering the economy today don’t have much need for the cheap labor that rural communities contributed to America’s industrial past. They mostly need highly educated workers. They find those most easily in big cities, not in small towns.
  • In a report published in November, Mark Muro, William Galston and Clara Hendrickson of the Brookings Institution laid out a portfolio of ideas to rescue the substantial swath of the country that they identify as “left behind.”
  • They identify critical shortages bedeviling declining communities: workers with digital skills, broadband connections, capital. And they have plans to address them: I.T. training and education initiatives, regulatory changes to boost lending to small businesses, incentives to invest in broadband.
  • even the authors concede that they may not be up to the task. “I don’t know if these ideas are going to work,” Mr. Galston acknowledged when I pressed him on the issue. “But it is worth making the effort.”
  • But factory jobs can no longer keep small-town America afloat. Even after a robust eight-year growth spell, there are fewer than 13 million workers in manufacturing across the entire economy
  • That’s where they can find lots of highly skilled workers. The more densely packed these pools of talent are, the more workers can learn from each other and the more productive they become. This dynamic feeds on itself,
  • “We have a spatial reorganization of the economy,” said Mr. Muro. “We have an archipelago of superstars in an ocean of low-productivity sectors.”
  • what are the odds that, say, a small town like Amory, Miss., where 14 percent of adults have a bachelor’s degree and a quarter of its 2,500 workers work in small-scale manufacturing, have a chance to attract well-paid tech jobs?
  • Consider a recent Brookings Institution study by Benjamin Austin, Edward Glaeser and Lawrence Summers
  • After examining a range of potential policy interventions, they conclude that a targeted employment subsidy, such as the earned-income tax credit, is probably the most powerful tool available to revive employment. But they, too, are not sure it will work. “Our call for a wage subsidy is us saying, ‘We can’t figure this out, and we hope the private sector will,’ ”
  • Excluding these places, the United States is still left with 50 to 55 million people living in rural communities that no longer have much to offer them economically.
  • Instead of so-called place-based policies to revitalize small towns, why not help their residents take advantage of opportunities where the opportunities are
  • Geographic mobility hit a historical low in 2017, when only 11 percent of Americans picked up shop and moved — half the rate of 1951. One of the key reasons is that housing in the prosperous cities that offer the most opportunities has become too expensive.
  • Even if moving people might prove more efficient on paper than restoring places, many people — especially older people and the family members who care for them — may choose to remain in rural area
  • What’s more, the costs of rural poverty are looming over American society. Think of the opioid addiction taking over rural America, of the spike in crime, of the wasted human resources in places where only a third of adults hold a job.
  • if today’s polarized politics are noxious, what might they look like in a country perpetually divided between diverse, prosperous liberal cities and a largely white rural America in decline? As Mr. Galston warned: “Think through the political consequences of saying to a substantial portion of Americans, which is even more substantial in political terms, ‘We think you’re toast.’ ”
malonema1

James Fallows on the Reinvention of America - The Atlantic - 0 views

  • After a several-year immersion in parts of the country that make the news mainly after a natural disaster or a shooting, or for follow-up stories on how the Donald Trump voters of 2016 now feel about Trump, I have a journalistic impulse similar to the one that dominated my years of living in China. That is the desire to tell people how much more is going on, in places they had barely thought about or even heard of, than they might have imagined.
  • At the time Deb and I were traveling, sociologists like Robert Putnam were documenting rips in the social fabric. We went to places where family stories matched the famous recent study by the economists Anne Case and Angus Deaton of Princeton, showing rising mortality among middle-aged whites without a college degree for reasons that include chronic disease, addiction, and suicide. In some of the same cities where we interviewed forward-moving students, civic leaders, and entrepreneurs, the photographer Chris Arnade was portraying people the economy and society had entirely left behind. The cities we visited faced ethnic and racial tensions, and were struggling to protect local businesses against chain stores and to keep their most promising young people from moving away. The great majority of the states and counties we spent time in ended up voting for Donald Trump.
  • Serious as the era’s problems are, more people, in more places, told us they felt hopeful about their ability to move circumstances the right way than you would ever guess from national news coverage of most political discourse. Pollsters have reported this disparity for a long time. For instance, a national poll that The Atlantic commissioned with the Aspen Institute at the start of the 2016 primaries found that only 36 percent of Americans thought the country as a whole was headed in the right direction. But in the same poll, two-thirds of Americans said they were satisfied with their own financial situation, and 85 percent said they were very or somewhat satisfied with their general position in life and their ability to pursue the American dream. Other polls in the past half-dozen years have found that most Americans believe the country to be on the wrong course—but that their own communities are improving.
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  • I make no pretense that our proposed answers to those questions are precise or scientific. We traveled as broadly as we could. We listened; we learned. We were looking for civic success stories, and we found them. But we also ended up in places where well-intentioned efforts had failed. So we steadily adjusted our conclusions. We ended up convinced that the national prospect is more promising than we’d felt before we started—full of possibilities that the bleak trench warfare of national politics inevitably obscures.
  • America is becoming more like itself again. More Americans are trying to make it so, in more places, than most Americans are aware. Even as the country is becoming worse in obvious ways—angrier, more divided, less able to do the basic business of governing itself—it is becoming distinctly better on a range of other indicators that are harder to perceive. The pattern these efforts create also remains hidden. Americans don’t realize how fast the country is moving toward becoming a better version of itself.
  • During the Pennsylvania part of Romney’s tour, which then went on to Ohio, we stayed in a cheap motel in the hard-luck coal-country town of Hazleton, where the median household income, in the low $30,000s, was much less than the national level of more than $50,000 and the unemployment rate, about 15 percent at the time, was much greater. The few visible signs of after-dark life were bodegas on downtown Wyoming Street, serving the city’s growing Latino population. When we got back from dinner at a small Mexican restaurant, we channel surfed to a local-access TV station and saw Lou Barletta, the longtime Republican mayor of Hazleton who had recently made it into Congress as part of the 2010 Tea Party wave, warn that ongoing immigration was a threat to Hazleton’s safety and quality of life. As mayor, Barletta had been a proto-Trump, championing a city ordinance that, among other anti-immigrant provisions, declared English the “official language” of Hazleton and required that official city business be conducted in English only. The measures were eventually tossed by federal courts.
  • Were we mistaking anecdotes and episodes for provable trends? This is the occupational hazard of journalism, and everyone in the business struggles toward the right balance of observation and data. But the logic of reporting is that something additional comes from traveling, asking, listening, seeing. This is particularly true in detecting a sense of changed course. A political movement, a new technological or business possibility—I have learned through the decades that enthusiasm in any of these realms does not guarantee world-changing success, but it’s an important marker. (The visionary California entrepreneurs I wrote about in the 1980s were confident that their Osborne and Kaypro computers would change the world. They were wrong. The visionary California entrepreneurs I met at Apple in those same years were confident that their dreams would come true. They were right.) And enthusiasm is what we have seen.
  • “Across the country, we’re seeing significant growth in local officials’ training for civic engagement, and the appearance of many new online platforms and other tools to connect citizens and their governments,” Pete Peterson, the dean of Pepperdine University’s School of Public Policy, in California, told me. Peterson ran down a list of cities illustrating the effects of a new emphasis on engagement—starting, to my surprise, with the Los Angeles–area city of Bell. In 2010, Bell was the object of an investigative series by the Los Angeles Times showing corruption in the city’s administration top to bottom. (For instance, the city manager of this small, low-income city had engineered pay for himself of well over $1 million a year.) The series was followed by arrests, trials, and prison sentences. “That city has seen nothing less than a civic renaissance, with new leadership and a public much more involved in the future of the city,” Peterson said. “It’s an amazing before-and-after illustration of what happens when people get engaged”—for example, involving citizens in decisions about what had been a notably secretive city-budgeting process.
  • In Wichita, Kansas; in Bend, Oregon; in Duluth, Minnesota; in Sioux Falls, South Dakota; in Fresno, we found people who had already worked in the most expensive and “elite” cities or who had been recruited for opportunities there, and decided instead that the overall life balance was better someplace smaller and less expensive. Steve Case, a co-founder of AOL and now the CEO of the technology-investment firm Revolution, has for several years led “Rise of the Rest” tours across the country to promote new tech businesses and support existing ones in places other than the famous tech centers. “For half a century, there’s been a brain drain, as people who grew up in the ‘rest of America’ left their hometowns for better opportunities elsewhere,” Case told me recently. Case himself grew up in Hawaii but built his companies in the Washington, D.C., area. “We’re starting to see less of that brain drain. We’re seeing more graduates stay in place, in cities like Pittsburgh or Columbus, and a boomerang of people returning to where they’re from—for lifestyle reasons, and because they can see that their communities are rising and opportunities are increasing, and they’d like to be part of what’s going on.”
  • There is of course evidence that this has happened, in the form of the bigotry that has been unleashed since 2017. In the months after Donald Trump took office, we checked back with communities where we’d met immigrants and refugees. Some places had seen a nasty shift, as Immigration and Customs Enforcement agents and police became newly aggressive and local racists felt empowered. A few months before the election, we interviewed Catholic nuns and secular volunteers in Garden City, Kansas, who were bringing surplus food and medical supplies to poor households, many of whose members were immigrants working in the area’s vast beef-packing complex. A few months after the election, a white-extremist hate group in Garden City was arrested while plotting to blow up an apartment building where African immigrants and refugees lived. In Dodge City, we met and wrote about a rising, respected young city-government official named Ernestor de la Rosa. His parents had brought him to the U.S. from Mexico when he was a child, and he had stayed in the country as a “Dreamer,” on a Deferred Action for Childhood Arrivals waiver, while working toward an advanced degree at Wichita State. Trump carried Dodge City more than two to one. But people we spoke with there after the election said they never intended their preference in national politics to lead to the removal of trusted figures like de la Rosa.
Javier E

This Is Not a Market | Dissent Magazine - 0 views

  • Given how ordinary people use the term, it’s not surprising that academic economists are a little vague about it—but you’ll be glad to hear that they know they’re being vague. A generation of economists have criticized their colleagues’ inability to specify what a “market” actually is. George Stigler, back in 1967, thought it “a source of embarrassment that so little attention has been paid to the theory of markets.” Sociologists agree: according to Harrison White, there is no “neoclassical theory of the market—[only] a pure theory of exchange.” And Wayne Baker found that the idea of the market is “typically assumed—not studied” by most economists, who “implicitly characterize ‘market’ as a ‘featureless plane.’
  • When we say “market” now, we mean nothing particularly specific, and, at the same time, everything—the entire economy, of course, but also our lives in general. If you can name it, there’s a market in it: housing, education, the law, dating. Maybe even love is “just an economy based on resource scarcity.”
  • The use of markets to describe everything is odd, because talking about “markets” doesn’t even help us understand how the economy works—let alone the rest of our lives. Even though nobody seems to know what it means, we use the metaphor freely, even unthinkingly. Let the market decide. The markets are volatile. The markets responded poorly. Obvious facts—that the economy hasn’t rebounded after the recession—are hidden or ignored, because “the market” is booming, and what is the economy other than “the market”? Well, it’s lots of other things. We might see that if we talked about it a bit differently.
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  • For instance, we might choose a different metaphor—like, say, the traffic system. Sounds ridiculous? No more so than the market metaphor. After all, we already talk about one important aspect of economic life in terms of traffic: online activity. We could describe it in market terms (the market demands Trump memes!), but we use a different metaphor, because it’s just intuitively more suitable. That last Trump meme is generating a lot of traffic. Redirect your attention as required.
  • We don’t know much about markets, because we don’t deal with them very often. But most of us know plenty about traffic systems: drivers will know the frustration of trying to turn left onto a major road, of ceaseless, pointless lane-switching on a stalled rush-hour freeway, but also the joys of clear highways.
  • Deciding how to improve the traffic system, how to expand people’s opportunities, is obviously a question of resource allocation and prioritization on a scale that private individuals—even traders—cannot influence on their own. That’s why government have not historically trusted the “magic of the markets” to produce better opportunities for transport. We intuitively understand that these decisions are made at the level of mass society and public policy. And, whether you like it or not, this is true for decisions about the economy as well.
  • We know the traffic system because, whether we like it or not, we are always involved in it, from birth
  • Consider also the composition of the traffic system and the economy. A market, whatever else it is, is always essentially the same thing: a place where people can come together to buy and sell things. We could set up a market right now, with a few fences and a sign announcing that people could buy and sell. We don’t even really need the fences. A traffic system, however, is far more complex. To begin with, the system includes publicly and privately run elements: most cars are privately owned, as are most airlines
  • If we don’t evaluate traffic systems based on their size, or their growth, how do we evaluate them? Mostly, by how well they help people get where they want to go. The market metaphor encourages us to think that all economic activity is motivated by the search for profit, and pursued in the same fashion everywhere. In a market, everyone’s desires are perfectly interchangeable. But, while everybody engages in the transport system, we have no difficulty remembering that we all want to go to different places, in different ways, at different times, at different speeds, for different reasons
  • As of birth, Jean is in the economy—even if s/he rarely goes to a market. You can’t not be an economic actor; you can’t not be part of the transport system.
  • Thinking of the economy in terms of the market—a featureless plane, with no entry or exit costs, little need for regulation, and equal opportunity for all—obscures this basic insight. And this underlying misconception creates a lot of problems: we’ve fetishized economic growth, we’ve come to distrust government regulation, and we imagine that the inequalities in our country, and our world, are natural or justified. If we imagine the economy otherwise—as a traffic system, for example—we see more clearly how the economy actually works.
  • We see that our economic life looks a lot less like going to “market” for fun and profit than it does sitting in traffic on our morning commute, hoping against hope that we’ll get where we want to go, and on time.
Javier E

Musing about Losing Earth « RealClimate - 0 views

  • The NY Times Magazine has a special issue this weekend on climate change. The main article is “Losing the Earth” by Nathaniel Rich, is premised on the idea that in the period 1979 to 1989 when we basically knew everything we needed to know that climate change was a risk, and the politics had not yet been polarized, we missed our opportunity to act
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    The NY Times Magazine has a special issue this weekend on climate change. The main article is "Losing the Earth" by Nathaniel Rich, is premised on the idea that in the period 1979 to 1989 when we basically knew everything we needed to know that climate change was a risk, and the politics had not yet been polarized, we missed our opportunity to act.
Javier E

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.
Javier E

Meritocracy Harms Everyone - The Atlantic - 0 views

  • the dominant causes of this skew toward wealth can be traced to meritocracy.
  • On average, children whose parents make more than $200,000 a year score about 250 points higher on the SAT than children whose parents make $40,000 to $60,000
  • Only about one in 200 children from the poorest third of households achieves SAT scores at Yale’s median
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  • Meanwhile, the top banks and law firms, along with other high-paying employers, recruit almost exclusively from a few elite colleges.
  • Hardworking outsiders no longer enjoy genuine opportunity. According to one study, only one out of every 100 children born into the poorest fifth of households, and fewer than one out of every 50 children born into the middle fifth, will join the top 5 percent
  • Absolute economic mobility is also declining—the odds that a middle-class child will outearn his parents have fallen by more than half since mid-century—and the drop is greater among the middle class than among the poor.
  • because meritocratic inequality does not in fact serve anyone well, escaping meritocracy’s trap would benefit virtually everyone.
  • Nearly three-fifths of Republicans believe that colleges and universities are bad for America
  • Outrage at nepotism and other disgraceful forms of elite advantage-taking implicitly valorizes meritocratic ideals. Yet meritocracy itself is the bigger problem, and it is crippling the American dream. Meritocracy has created a competition that, even when everyone plays by the rules, only the rich can win.
  • Even meritocracy’s beneficiaries now suffer on account of its demands. It ensnares the rich just as surely as it excludes the rest, as those who manage to claw their way to the top must work with crushing intensity, ruthlessly exploiting their expensive education in order to extract a return.
  • But what, exactly, have the rich won
  • Meritocracy frames this exclusion as a failure to measure up, adding a moral insult to economic injury.
  • Elite middle and high schools now commonly require three to five hours of homework a night; epidemiologists at the Centers for Disease Control and Prevention have warned of schoolwork-induced sleep deprivation.
  • Where aristocratic children once reveled in their privilege, meritocratic children now calculate their future—they plan and they scheme, through rituals of stage-managed self-presentation, in familiar rhythms of ambition, hope, and worry.
  • Wealthy students show higher rates of drug and alcohol abuse than poor students do. They also suffer depression and anxiety at rates as much as triple those of their age peers throughout the country
  • education—whose benefits are concentrated in the extravagantly trained children of rich parents—must become open and inclusive. Private schools and universities should lose their tax-exempt status unless at least half of their students come from families in the bottom two-thirds of the income distribution
  • A recent study of a Silicon Valley high school found that 54 percent of students displayed moderate to severe symptoms of depression and 80 percent displayed moderate to severe symptoms of anxiety.
  • Elite universities that just a few decades ago accepted 30 percent of their applicants now accept less than 10 percent.
  • The University of Chicago admitted 71 percent of its applicants as recently as 1995. In 2019 it admitted less than 6 percent.
  • A person whose wealth and status depend on her human capital simply cannot afford to consult her own interests or passions in choosing her job. Instead, she must approach work as an opportunity to extract value from her human capital, especially if she wants an income sufficient to buy her children the type of schooling that secured her own eliteness. She must devote herself to a narrowly restricted class of high-paying jobs, concentrated in finance, management, law, and medicine
  • In 1962, when many elite lawyers earned roughly a third of what they do today, the American Bar Association could confidently declare, “There are … approximately 1,300 fee-earning hours per year” available to the normal lawyer.
  • In 2000, by contrast, a major law firm pronounced with equal confidence that a quota of 2,400 billable hours, “if properly managed,” was “not unreasonable,” which is a euphemism for “necessary for having a hope of making partner.” Because not all the hours a lawyer works are billable, billing 2,400 hours could easily require working from 8 a.m. until 8 p.m. six days a week, every week of the year, without vacation or sick days
  • Today, the higher a person climbs on the org chart, the harder she is expected to work. Amazon’s “leadership principles” call for managers to have “relentlessly high standards” and to “deliver results.” The company tells managers that when they “hit the wall” at work, the only solution is to “climb the wall.”
  • Americans who work more than 60 hours a week report that they would, on average, prefer 25 fewer weekly hours. They say this because work subjects them to a “time famine” that, a 2006 study found, interferes with their capacity to have strong relationships with their spouse and children, to maintain their home, and even to have a satisfying sex life.
  • The capacity to bear these hours gracefully, or at least grimly, has become a criterion for meritocratic success
  • Meritocracy traps entire generations inside demeaning fears and inauthentic ambitions: always hungry but never finding, or even knowing, the right food.
  • As the meritocracy trap closes in around elites, the rich themselves are turning against the prevailing system. Plaintive calls for work/life balance ring ever louder. Roughly two-thirds of elite workers say that they would decline a promotion if the new job demanded yet more of their energy
  • it is simply not possible to get rich off your own human capital without exploiting yourself and impoverishing your inner life, and meritocrats who hope to have their cake and eat it too deceive themselves
  • Building a society in which a good education and good jobs are available to a broader swath of people—so that reaching the very highest rungs of the ladder is simply less important—is the only way to ease the strains that now drive the elite to cling to their status
  • Parents—sometimes reluctantly, but feeling that they have no alternative—sign their children up for an education dominated not by experiments and play but by the accumulation of the training and skills, or human capital, needed to be admitted to an elite college and, eventually, to secure an elite job
  • How can that be done
  • A parallel policy agenda must reform work, by favoring goods and services produced by workers who do not have elaborate training or fancy degrees
  • For example, the health-care system should emphasize public health, preventive care, and other measures that can be overseen primarily by nurse practitioners, rather than high-tech treatments that require specialist doctors
  • In finance, regulations that limit exotic financial engineering and favor small local and regional banks can shift jobs to mid-skilled workers.
  • The main obstacle to overcoming meritocratic inequality is not technical but political. Today’s conditions induce discontent and widespread pessimism, verging on despair.
  • In his book Oligarchy, the political scientist Jeffrey A. Winters surveys eras in human history from the classical period to the 20th century, and documents what becomes of societies that concentrate income and wealth in a narrow elite. In almost every instance, the dismantling of such inequality has been accompanied by societal collapse, such as military defeat (as in the Roman empire) or revolution (as in France and Russia).
  • Rebuilding a democratic economic order will be difficult. But the benefits that economic democracy brings—to everyone—justify the effort. And the violent collapse that will likely follow from doing nothing leaves us with no good alternative but to try.
brookegoodman

Coronavirus: 'Nature is sending us a message', says UN environment chief | World news | The Guardian - 0 views

  • Nature is sending us a message with the coronavirus pandemic and the ongoing climate crisis, according to the UN’s environment chief, Inger Andersen.
  • Leading scientists also said the Covid-19 outbreak was a “clear warning shot”, given that far more deadly diseases existed in wildlife, and that today’s civilisation was “playing with fire”. They said it was almost always human behaviour that caused diseases to spill over into humans.
  • They also urged authorities to put an end to live animal markets – which they called an “ideal mixing bowl” for disease – and the illegal global animal trade.
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  • “Never before have so many opportunities existed for pathogens to pass from wild and domestic animals to people,” she told the Guardian, explaining that 75% of all emerging infectious diseases come from wildlife.“Our continued erosion of wild spaces has brought us uncomfortably close to animals and plants that harbour diseases that can jump to humans.”
  • “There are too many pressures at the same time on our natural systems and something has to give,” she added. “We are intimately interconnected with nature, whether we like it or not. If we don’t take care of nature, we can’t take care of ourselves. And as we hurtle towards a population of 10 billion people on this planet, we need to go into this future armed with nature as our strongest ally.”
  • Human infectious disease outbreaks are rising and in recent years there have been Ebola, bird flu, Middle East respiratory syndrome (Mers), Rift Valley fever, sudden acute respiratory syndrome (Sars), West Nile virus and Zika virus all cross from animals to humans.
  • Cunningham said other diseases from wildlife had much higher fatality rates in people, such as 50% for Ebola and 60%-75% for Nipah virus, transmitted from bats in south Asia. “Although, you might not think it at the moment, we’ve probably got a bit lucky with [Covid-19],” he said. “So I think we should be taking this as a clear warning shot. It’s a throw of the dice.”
  • “The animals have been transported over large distances and are crammed together into cages. They are stressed and immunosuppressed and excreting whatever pathogens they have in them,” he said. “With people in large numbers in the market and in intimate contact with the body fluids of these animals, you have an ideal mixing bowl for [disease] emergence. If you wanted a scenario to maximise the chances of [transmission], I couldn’t think of a much better way of doing it.”
  • Aaron Bernstein, at the Harvard School of Public Health in the US, said the destruction of natural places drives wildlife to live close to people and that climate change was also forcing animals to move: “That creates an opportunity for pathogens to get into new hosts.”
  • The billion-dollar illegal wildlife trade is another part of the problem, said John Scanlon, the former secretary general of the Convention on International Trade of Endangered Species of Wild Fauna and Flora.
  • The Covid-19 crisis may provide an opportunity for change, but Cunningham is not convinced it will be taken: “I thought things would have changed after Sars, which was a massive wake up call – the biggest economic impact of any emerging disease to that date,” he said.
andrespardo

Earth Day 2020 could mark the year we stop taking the planet for granted | Environment | The Guardian - 0 views

  • oil spill off the coast of California. Half a century later, this annual day unites millions across the globe, drawing attention to the huge challenges facing our planet.
  • Now more than ever, Earth Day offers an opportunity for us all to reflect upon our relationship with the planet, amid the most powerful possible message that nature can surprise us at any moment, with devastating consequences for pretty much every individual. It is a time when the health of the planet and its people has never been so important.
  • There was much talk of nature as the bridge between the biodiversity and climate crises, of nature-based solutions such as forestation, peatland restoration and the protection of mangroves as the answers to some of the challenges we face today, and of natural capital supporting sustainable development and human wellbeing.
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  • Some improvements in pollution levels have been seen in countries with restricted movements of people and the shutdown of factories and businesses. Will we be able to balance our need for these to reopen and our desire to travel while reducing the footprint of these kinds of activities?
  • We are in an age of extinction and at the point where irreversible environmental damage could be wrought. Despite changed plans, we cannot afford to lose pace nor focus. The challenge of the biodiversity and climate crises will still be there when the Covid-19 restrictions are lifted; the ambition of
  • but we should not let the momentum of what had been hailed as a “super year” for the environment be lost.
  • A poster to mark the first Earth Day featured the quote: “We have met the enemy and he is us.” Fifty years on, will this be the year we collectively stop taking the planet for granted, degrading and exploiting its resources? Will we now, also, realise how vulnerable a species we actually are?
  • At the end of the year, we will still have a decade to deliver the sustainable development goals, and the biodiversity and climate change COPs – along with other key international meetings – will be rescheduled.
  • Crucially, a window of opportunity is opening to ensure that economic recovery plans that countries adopt as they emerge from this crisis are steadfastly “green”. Long-term investment and sustainable economic growth plans should drive climate projects and environmental change. We need nature more than ever, as a solution, as a resource, for respite and for life on Earth.
  • Looking ahead, there are opportunities emerging from this pandemic which, if seized, could set the path for a more fruitful 2021 “super year”. We must cease being the enemy of nature, and instead become its friend.
clairemann

Georgia governor signs into law sweeping voting bill that curtails the use of drop boxes and imposes new ID requirements for mail voting - The Washington Post - 0 views

  • Republican Gov. Brian Kemp on Thursday signed into law a sweeping voting measure that proponents said is necessary to shore up confidence in the state’s elections but that critics countered will lead to longer lines, partisan control of elections and more difficult procedures for voters trying to cast their ballots by mail.
  • President Donald Trump attacked without evidence the integrity of election results in six states he lost, including Georgia.
  • The 95-page law also strips authority from the secretary of state, making him a nonvoting member of the State Election Board, and allows lawmakers to initiate takeovers of local election boards — measures that critics said could allow partisan appointees to slow down or block election certification or target heavily Democratic jurisdictions, many of which are in the Atlanta area and are home to the state’s highest concentrations of Black and Brown voters.
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  • “Contrary to the hyper-partisan rhetoric you may have heard inside and outside this gold dome, the facts are that this new law will expand voting access in the Peach State,” the governor added, noting that every county in Georgia will now have expanded early voting on the weekends.
  • “It is like the Christmas tree of goodies in terms of voter suppression,” Sen. Jen Jordan, a Democrat, said on the Senate floor Thursday.
  • “This bill is absolutely about opportunities — but it ain’t about the opportunity to vote. It’s about the opportunity to keep control and keep power at any cost.”
  • “Make no mistake, this is democracy in reverse,” she said. “Some politicians did not approve of the choice made by voters in our hard-fought election.”
  • In fact, Georgia election officials did not find any significant fraud in the November vote, despite Trump’s repeated false claims of problems with the election and his attempts to get Kemp and other officials to halt the certification of Biden’s win.
carolinehayter

Biden to sign order expanding voting rights on Bloody Sunday anniversary | Joe Biden | The Guardian - 0 views

  • Joe Biden will sign an executive order expanding voting rights on Sunday, the 56th anniversary of Bloody Sunday, when police brutally attacked a voting rights march in Selma, Alabama.
  • Republicans have advanced more than 250 measures in state legislatures which aim to restrict voting, according to the Brennan Center for Justice.
  • The most significant will instruct federal agencies to offer voter registration opportunities if a state requests so
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  • “If you have the best ideas, you have nothing to hide,” he said. “Let more people vote.”
  • House Democrats last week passed HR1, a bill that contains some of the most sweeping measures to expand voting rights since the Voting Rights Act in 1965. Amid the increasing efforts to restrict voting rights, there are increasing calls for Democrats to get around the 60-vote filibuster in the US Senate in order to pass the measure.
  • The US constitution gives the president little power over voting rights. The executive order Biden will sign will therefore implement relatively modest but potentially consequential changes.
  • “We cannot let them succeed
  • Offering voter registration opportunities at agencies could boost registration rates among populations where it currently lags.
  • Another provision in the order requires the Department of Justice to provide people in federal custody – including those on probation – with voter registration information and “to the extent practicable and appropriate” to facilitate voting by mail.
  • Biden’s order also directs the attorney general to establish procedures to help formerly incarcerated people get identification they can use to vote.
  • The order also instructs the federal government to study how to improve voting access for people with disabilities and how each federal agency can improve voter registration opportunities.
  • It directs officials to come up with a plan to improve vote.gov, the federal website for voting information. Biden will also establish a Native American voting rights steering group and instruct the Office of Personnel Management and Department of Defense to study how to improve voting access for federal employees and the military as well as Americans overseas.
aidenborst

Opinion: Criminal justice reform can start with employers who give felons a second chance - CNN - 0 views

  • We waste far too much human capital in a system that penalizes too many people for too long.
  • About 19 million Americans are burdened with a felony record, yet fewer than half of those transgressions were serious enough to require an actual prison sentence.
  • An improved criminal justice environment fosters prosperity and builds a society of stronger workers and consumers. For too long, the business community has had only a peripheral role in debates about how to reform our criminal justice system, but Corporate America should recognize that it has a strong business interest in the outcomes and must take a greater leadership role. It must embrace second chance hiring, the employment of people with criminal records.
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  • This is also critical if we are to overcome the demographic hurdles our labor market faces as Baby Boomers retire and the influx of Millennials slows.
  • The ugly truth of our criminal justice system is that one in three Black men in the United States has a felony record, putting them at a severe disadvantage.
  • Admirable commitments by companies to be more inclusive in hiring must be coupled with an intentional process for second chance hiring. My research has shown that "disposable employee" labor, in which the employer is trying to get the cheapest effective wage possible through minimum wage jobs that are subsidized by temporary tax credits (Work Opportunity Tax Credits), will not work because they do not adequately distinguish who is ready for reemployment nor do they make the sufficient investment to support rehabilitation.
  • Done right, second chance hiring that offers the needed training and support repays the required investment with loyal, productive and profitable employees (the upfront costs can even effectively be offset by tax credits). Without such an approach, our labor force cannot hope to reflect the diversity of our population.
  • Employment is foundational to rehabilitation for the millions of Americans with records and the more than 600,000 who exit prisons each year.
  • Even those businesses such as schools, defense contractors and financial institutions that have regulatory constraints on who they can hire have important roles to play. They can support education, reentry and workforce development nonprofits or advocate for policies that improve employment outcomes. 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Javier E

Hank Paulson to Run Climate-Focused Fund at TPG - The New York Times - 0 views

  • Mr. Paulson, who intends to devote at least 50 percent of his time to his new role, plans to leverage his relationships around the globe to work with governments and industry to raise money and find investments.
  • The early returns from TPG’s existing Rise funds — $2 billion of which are in climate-related investments — appear to suggest that socially responsible investing can be just as profitable as other approaches. Mr. Coulter said that with the reduction in the cost of solar energy — for example, bringing it to parity with the cost of building a new gas plant in some places in the United States — the opportunity to make attractive new investments has fundamentally changed.
  • He said he was seeing similar opportunities in electric vehicles and the energy grid that powers them, in agriculture and in consumer packaged goods.
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  • In the public markets, investors are throwing money at companies like Tesla and others that have positive environmental, social and governance models. However, there is not enough of a pipeline of climate-focused businesses ready to go public, Mr. Paulson said: “We need more high-quality investment opportunities from private equity investments that have the potential to become scalable public companies.”
mimiterranova

What Are Trump And Biden's Plans For Racial Justice? : NPR - 0 views

  • Biden has laid out a comprehensive plan to address racial disparities within the United
  • States on issues ranging from health to policing, zeroing in on measures to advance economic equality, access to affordable housing, education and a fair criminal justice system.
  • Biden pledges to support minority-owned small businesses by allocating $30 billion —
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  • Biden also advocates for reforming the current Opportunity Zone tax deferral passed under the Trump administration to help distressed communities
  • Biden wants to create 1.5 million new homes and public housing units and provide up to $15,000 in tax credits for people buying their first homes.
  • He also calls for an end to discriminatory housing policies, stressing the need to penalize financial institutions perpetuating such policies and outlining policies to strengthen renters' rights and provide more housing vouchers.
  • On education reform, Biden wants to expand student loan forgiveness and make public universities as well as private historically Black colleges and universities and minority-serving institutions tuition-free for students with household incomes under $125,000.
  • Trump has not outlined a broad policy plan to address racial inequity. Trump has repeatedly questioned whether systemic racism is a problem in the United States
  • On June 11, Trump spoke about a four-step policy geared toward building "safety and opportunity and dignity." He highlighted a need for increased federal support toward minority-owned small businesses and addressed "health care disparities," saying more funding should go toward medical facilities that serve largely nonwhite populations.
  • Trump has also called for
  • expanding Opportunity Zones, a tax deferral for distressed communities passed as part of the 2017 tax bil
katherineharron

President Trump took photos, had roundtable with donors at fundraiser hours before testing positive for coronavirus - CNNPolitics - 0 views

  • President Donald Trump's big-dollar fundraiser at his New Jersey golf club went on as planned Thursday night despite the President and staff knowing he had been exposed to coronavirus.
  • Trump attended three events at the fundraiser: an indoor roundtable, an indoor VIP reception -- donors had a socially distant photo opportunity with him
  • If donors gave, or raised, $50,000, they were invited to a photo opportunity with Trump.
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  • Three attendees told CNN that most people at the events were not wearing masks; all three say they have not been contacted by any contact tracers.
  • The decision to travel and participate in the fundraiser despite the knowledge of being exposed to the coronavirus is another example of the White House and administration's lackadaisical approach to mask wearing and Covid-19 prevention policies.
  • The decision was made to still hold the fundraiser despite Trump's exposure; attendees say they were not notified the President had been exposed to Covid-19.
  • Donors that gave $250,000 were able to participate in a roundtable, photo opportunity and reception with the President, according to the event invite.
  • They said each individually conversed with Trump for less than a minute while the photo was taken and maintained six feet of distance. The attendees at the VIP reception did not wear masks, they said, but event staff did.
  • New Jersey resident Katherine Hermes told CNN that Trump stood at a podium, socially distant from the attendees, and held a question and answer session.
  • In response to the question about arrests and prosecutions, she remembers Trump responding that there was so much he couldn't tell the crowd.
  • "We unfortunately write today to notify you that, as you have probably seen, President Trump confirmed late last night that he and the First Lady were tested for COVID-19 and produced positive test results," the email, obtained by CNN, reads. "Out of an abundance of caution, we want to call this to your attention."
  • The two Texas attendees said they would be self-isolating and have been tested for coronavirus. Hermes told CNN she was only present for the outdoor speech, and would not quarantine or get tested, saying, "I was nowhere near the man."
lilyrashkind

How Southern Landowners Tried to Restrict the Great Migration - HISTORY - 0 views

  • When more than six million African Americans left the South for better opportunities in the North and West, between 1916 and 1970, their relocation changed the demographic landscape of the United States and much of the agricultural labor force in the South. This decades-long, multi-generational movement of Black Americans, known as the Great Migration, impacted southern labor to such a degree that white landowners resorted to coercive tactics to keep African Americans from leaving.
  • After Reconstruction ended in 1877, Jim Crow segregation became the law across the South, restricting political, economic and social mobility of African Americans. According to The Warmth of Other Suns: The Epic Story of America’s Great Migration, a comprehensive history of the migration by Pulitzer Prize-winning writer Isabel Wilkerson, in 1900, nine out of every 10 Black Americans lived in the South, and three out of every four lived on farms. Despite a concerted effort by white southern landowners to make them stay, by 1970, nearly half of all African Americans, about 47 percent, would be living outside of the South.
  • Post-slavery, white southerners still depended on Black people as their main labor force
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  • But the fate of southern Black Americans changed in 1916 when news of better jobs and conditions up North started spreading in rural communities. Black newspapers, like The Chicago Defender, ran stories about opportunities for African Americans in steels mills and factories and encouraged them to leave the South.
  • "They actually interfered with the U.S. Mail to prevent the Defender from being distributed,” says James Grossman, executive director of the American Historical Association and author of Land of Hope: Chicago, Black Southerners and the Great Migration.
  • “They believed, incorrectly, that what was really happening was Black people were being stirred up by labor agents from northern industries coming South to round up Black workers.
  • Black Americans who fled racial oppression either returned to retrieve the rest of their family or sent train tickets back home. In response, as white southerners observed train platforms packed with African Americans, several cities passed ordinances that made it illegal for trains to accept pre-paid tickets.
  • “Police literally went up to the platforms and rounded people up,” says Grossman, to dissuade Black people from traveling. And the intimidation tactic worked.
  • A common belief among white southerners was that Black people were intellectually inferior and would not think to move to the North in search of better opportunities.
  • African American field workers waiting to be paid near Homestead, Florida, 1939.Photo 12/Universal Images Group via Getty Image
  • Although there were instances of African Americans being recruited to work as Pullman porters on railways and seasonally on tobacco farms in Connecticut, the true northern labor agents were African Americans themselves, says Grossman.
  • Still, the Great Migration powered on. With a promise of a better life, more dignity and employment, African Americans began to leave from a train station further away, so they wouldn’t be recognized by locals or police officers.
  • White southerners, anticipating more labor shortages, utilized the mechanical cotton picker more in the 1940s, often evicting Black sharecroppers from their land, who in turn migrated elsewhere in search of work. These developments cemented the African American pilgrimage from the South until the 1970s.
Javier E

AI Is the Technocratic Elite's New Excuse for a Power Grab - WSJ - 0 views

  • it seems increasingly likely that whatever else it may be, the AI menace, like every other supposed extinction-level threat man has faced in the past century or so, will prove a wonderful opportunity for the big-bureaucracy, global-government, all-knowing-regulator crowd to demand more authority over our freedoms, to transfer more sovereignty from individuals and nations to supranational experts and technocrats.
  • If I were cynical I’d speculate that these threats are, if not manufactured, at least hyped precisely so that the world can be made to fit with the technocratic mindset of those who believe they should rule over us, lest the ignorant whims of people acting without supervision destroy the planet.
  • Nuclear weapons, climate change, pandemics, and now AI—the remedies are always, strikingly, the same: more government; more control over free markets and private decisions, more borderless bureaucracy.
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  • in its brevity—and its provenance—it offers hints of where this is coming from and where they want it to go. “Risk of extinction” leaps straight to the usual Defcon 1 hysteria that demands immediate action. “Global priority” establishes the proper regulatory geography. Bracketing AI with the familiar nightmares of “pandemics and nuclear war” points to the sorts of authority required.
  • Many of the signatories also represent something of a giveaway: Oodles of Google execs, Bill Gates, a Democratic politician or two, many of the same people who have breathed the rarefied West Coast air of progressive technocratic orthodoxy for decades.
  • many of those who share their sentiments, are genuinely concerned about the risks of AI and are simply trying to raise a red flag about a matter of real concern—though we should probably note that techno-hysteria through history has rarely proved to be justified
  • nuclear annihilation has failed to materialize.
  • I suspect attempts to impose a world government would have been much more likely to result in an extinction-level nuclear war than the exercise by nations of their right to self-determination to resolve conflicts through the usual combination of diplomacy and force.
  • Climate change is the ne plus ultra of justifications for global regulation. It probably isn’t a coincidence that climate extremism and the demands for mandatory global controls exploded at exactly the moment old-fashioned Marxism was discredited for good in the 1990
  • the left suddenly found a climate threat it could use as a golden opportunity to regulate economic activity on a scale larger than anything Karl Marx could have imagined.
  • As for pandemics, our public-health masters showed by their actions over the past three years that they would like to encase us in a rigid panoply of rules to remediate a supposed extinction-level threat.
  • None of this is to diminish the challenges posed by AI. Thorough investigation into it, and healthy debate about how to maximize its opportunities and minimize its risks, are essential.
Javier E

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

  • Energy experts said that Mr. Biden missed an opportunity to connect the war in Ukraine to the need to more swiftly sever an economic reliance on fossil fuels. “The president did not articulate the long-term opportunity for the U.S. to lead the world in breaking free of the geopolitical nightmare that is oil dependency,” said Paul Bledsoe, a strategic adviser to the Progressive Policy Institute, a Washington-based think tank.
  • In exposing the enormous leverage that Russia has enjoyed with its energy exports, the Ukraine conflict is forcing European leaders to make some urgent choices: Should it build new fossil fuel infrastructure so that it can replace Russian fuel with liquefied natural gas from elsewhere, chiefly the United States? Or should it shift away from fossil fuels faster?
  • A draft of the report, reviewed by The New York Times, suggests that the new strategy will propose speeding up energy efficiency measures and renewable energy installations. It views imports of liquefied natural gas, or L.N.G., from the United States and elsewhere as a short term measure to offset Russian piped gas.
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  • Analysts have said European countries can quickly reduce gas dependence with energy efficiency measures and ramping up renewable energy investments, which are already in line with Europe’s ambition to stop pumping additional greenhouse gases into the atmosphere by midcentury
  • The conflict in Ukraine could fast-track some of that. It could also lead to what Lisa Fischer, who follows energy policy at E3G, a research group, called “a tectonic shift” — using renewables, rather than ample gas storage, to achieve energy security.
  • The President’s centerpiece legislative agenda, which he had called the Build Back Better act, is dead. Democrats still hope to pass approximately $500 billion of clean energy tax incentives that had been part of the package, but opportunities to do so are waning
  • The United States, for its part, has ramped up exports of L.N.G. to Europe to counter the decline in Russian piped gas. By the end of this year, the United States is poised to have the world’s largest L.N.G. export capacity.
  • White House officials said Mr. Biden wove climate change and clean energy throughout his speech. He noted that Ford and GM are investing billions of dollars to build electric vehicles, creating millions of manufacturing jobs in the United States. He also noted that funding from the infrastructure package will build a national network of 500,000 electric vehicle charging stations.
  • “Energy is a key weapon within this fight, and if there were far less dependency on gas there would be a different set of plays.”
  • If that investment does not come through and the Supreme Court also restricts the administration’s ability to regulate emission, Mr. Biden’s goal of cutting United States emissions roughly in half compared with 2005 levels could be essentially unattainable.
  • Even if climate wasn’t the stated focus of Mr. Biden’s Tuesday address, administration officials said that Russia’s war against Ukraine has not pushed climate change off the agenda. They noted that Mr. Biden has made climate change an emphasis in virtually every federal agency, and has moved ahead with major clean energy deployments including a record-breaking offshore wind auction last week that brought in more than $4 billion.
Javier E

Generative AI Is Already Changing White Collar Work As We Know It - WSJ - 0 views

  • As ChatGPT and other generative artificial intelligence programs infiltrate workplaces, white-collar jobs are transforming the fastest.
  • The biggest workplace challenge so far this year across industries is how to adapt to the rapidly evolving role of AI in office work, they say.
  • according to a new study by researchers at the University of Pennsylvania and OpenAI, most jobs will be changed in some form by generative pretrained transformers, or GPTs, which use machine learning based on internet data to generate any kind of text, from creative writing to code. 
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  • “AI is the next revolution and there is no going back,”
  • “There is an enormous demand for people who are tech-savvy and who will be the first adopters, who will be the first to figure out what opportunities these technologies open up,”
  • “Every month there are hundreds more job postings mentioning generative AI,”
  • “The way things have been done in the past aren’t necessarily the way they need to be done today,” he said, adding that workers and employers should invest in retraining and upskilling where possible.
  • that transformation is already taking shape, and workers can find ways to use the ChatGPT and other new technology to free them from boring work.
  • The jobs of the future will require a mind-set shift for employees, several executives said. Rather than viewing generative AI and other machine-learning software as a threat, workers should embrace new technology as a way to free them from less-rewarding work and augment their strengths.
  • “This is a huge opportunity to advance a lot of professions—allow people to do work that’s, frankly, more stimulating.”
  • For the hotel chain, that could look like using AI to determine which brand of wine a guest likes, and adjusting recommendations accordingly.
  • United Airlines Holdings Inc., aims to use AI to do transactions that shouldn’t require a human, such as placing someone in an aisle or window seat depending on their preference, or suggesting a different flight for someone trying to book a tight connection, said Kate Gebo, executive vice president of human resources and labor relations. That leaves employees free to have more complex interactions with customers
  • services intended to help customers solve emotional problems require solutions a machine can’t provide.
  • “AI is not sentient. It can’t be emotional. And that is the kind of accountability and reciprocity that is needed…for people to have the outcomes that we’re hoping to provide,”
  • “Certain business processes could be enhanced,” said Carmen Orr, Yelp’s chief people officer, adding that there are plenty of concerns, too. “We don’t want it for high human-touch things.”
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