Category: Economics
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Twilight of the Elites
Here is a supremely insightful excerpt from Christopher Hayes’ Twilight of the Elites: America After Meritocracy. Hayes describes the sordid underside of meritocracy (an ideology that is gaining ground around the world)—how it inevitably undermines social mobility as it increases inequality, creating an order that perpetuates privilege, a self-absorbed elite, and institutional corruption. A must read!
In order for it to live up to its ideals, a meritocracy must comply with two principles. The first is the Principle of Difference, which holds that there is vast differentiation among people in their ability and that we should embrace this natural hierarchy and set ourselves the challenge of matching the hardest-working and most talented to the most difficult, important and remunerative tasks.The second is the Principle of Mobility. Over time, there must be some continuous, competitive selection process that ensures performance is rewarded and failure punished. That is, the delegation of duties cannot simply be made once and then fixed in place over a career or between generations. People must be able to rise and fall along with their accomplishments and failures. When a slugger loses his swing, he should be benched; when a trader loses money, his bonus should be cut. At the broader social level, we hope that the talented children of the poor will ascend to positions of power and prestige while the mediocre sons of the wealthy will not be charged with life-and-death decisions. Over time, in other words, society will have mechanisms that act as a sort of pump, constantly ensuring that the talented and hard-working are propelled upward, while the mediocre trickle downward.
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On Eating Animals
(Cross-posted on 3 Quarks Daily, where it has received many comments. A slightly modified version of this essay appeared in the July/Aug 2013 issue of the Humanist.)
Some years ago in a Montana slaughterhouse, a Black Angus cow awaiting execution suddenly went berserk, jumped a five-foot fence, and escaped. She ran through the streets for hours, dodging cops, animal control officers, cars, trucks, and a train. Cornered near the Missouri river, the frightened animal jumped into its icy waters and made it across, where a tranquilizer gun brought her down. Her “daring escape” stole the hearts of the locals, some of whom had even cheered her on. The story got international media coverage. Telephone polls were held, calls demanding her freedom poured into local TV stations. Sensing the public mood, the slaughterhouse manager made a show of “granting clemency” to what he dubbed “the brave cow.” Given a name, Molly, the cow was sent to a nearby farm to live out her days grazing under open skies—which warmed the cockles of many a heart.Cattle trying to escape slaughterhouses are not uncommon. Few of their stories end happily though. Some years ago in Omaha, six cows escaped at once. Five were quickly recaptured; one kept running until Omaha police cornered her in an alley and pumped her with bullets. The cow, bellowing miserably and hobbling like a drunk for several seconds before collapsing, died on the street in a pool of blood. This brought howls of protest, some from folks who had witnessed the killing. They called the police’s handling inhumane and needlessly cruel.
Category: Animals, Culture, Economics, Environment, Justice, Philosophy, Politics, Religion, Science, Video -
A 50-Year Plan for Energy
In this TED talk, Amory Lovins, an energy researcher, lays out a plan for a whole new private-sector energy industry that will save trillions while decimating fossil fuel use, creating jobs, reducing oil conflicts, and growing the economy. For more, visit ReinventingFire.com.
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Undercover in a Slaughterhouse
How do self-professed animal lovers reconcile their love of animals with eating them? To eat animals today is to almost always participate in a gigantic cycle of industrialized violence and brutality against animals. Animal lovers eating animals—despite today’s plant alternatives—now strikes me as one of the more unsettling examples of self-deception, denial, and moral blindness in human affairs. Yet another instance of the banality of evil? In Every Twelve Seconds, Timothy Pachirat, who took up a job in a slaughterhouse to learn how society normalizes violence against animals, describes his experiences. Here is an interview with the author.
Avi: What are the main strategies used to hide violence in the slaughterhouse?Timothy: The first and most obvious is that the violence of industrialized killing is hidden from society at large. Over 8.5 billion animals are killed for food each year in the United States [nearly a million per hour], but this killing is carried out by a small minority of largely immigrant workers who labor behind opaque walls, most often in rural, isolated locations far from urban centers. Furthermore, laws supported by the meat and livestock industries are currently under consideration in six states that criminalize the publicizing of what happens in slaughterhouses and other animal facilities without the consent of the slaughterhouse owners. Iowa’s House of Representatives, for example, forwarded a bill to the Iowa Senate last year that would make it a felony to distribute or possess video, audio, or printed material gleaned through unauthorized access to a slaughterhouse or animal facility.
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What Isn’t For Sale?
Philosopher and Harvard professor Michael Sandel, who I admire and have blogged about before, has a nice article on the limits of markets in which he explores the “price we pay for living in a society where everything is up for sale.”
This is a debate we didn’t have during the era of market triumphalism. As a result, without quite realizing it—without ever deciding to do so—we drifted from having a market economy to being a market society.The difference is this: A market economy is a tool—a valuable and effective tool—for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavor. It’s a place where social relations are made over in the image of the market.
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The Writer’s Job
Tim Parks has a great piece on how the writing profession has changed in recent decades, how the market forces have altered the behavior of writers, and the importance of being grounded about one’s motivations, expectations, and rewards in the writing life.
In the twentieth century people stopped just reading novels and poems and started studying them. It was a revolution. Suddenly everybody studied literature. At school it was obligatory. They did literature exams. They understood that when there are metaphors and patterns of symbolism and character development etc. then you have “literature.” They supposed that if you could analyze it, you could very probably do it yourself. Since enormous kudos was afforded to writers, and since it was now accepted that nobody needed to be tied to dull careers by such accidents of birth as class, color, sex, or even IQ, large numbers of people (myself included!) began to write. These people felt they knew what literature was and how to make it.In the second half of the century the cost of publishing fell considerably, the number of fiction and poetry titles per annum shot up (about forty thousand fiction titles are published in the US each year), profits were squeezed, discounting was savage. A situation was soon reached where a precious few authors sold vast numbers of books while vast numbers of writers sold precious few books. Such however was the now towering and indeed international celebrity of the former that the latter threw themselves even more eagerly into the fray, partly because they needed their declining advances more often, partly in the hope of achieving such celebrity themselves.
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A Brief History of Paper
Here is an article with some interesting facts on paper. For example, “28 percent of all wood cut in the U.S. is used for papermaking” vs. 35 percent elsewhere due to less recycling. But like oil, with 5 percent of the world population, the U.S. consumes 30 percent of all paper.
Take a minute to look around the room you’re in and notice how many things are made out of paper. There may be books, a few magazines, some printer paper, and perhaps a poster on the wall. Yet, if you consider that each person in the United States uses 749 pounds (340kg) of paper every year (adding up to a whopping 187 billion pounds (85 billion kg) per year for the entire population, by far the largest per capita consumption rate of paper for any country in the world), then you realize that paper comes in many more forms than meets the eye.World consumption of paper has grown 400 percent in the last 40 years. Now nearly 4 billion trees or 35 percent of the total trees cut around the world are used in paper industries on every continent. Besides what you can see around you, paper comes in many forms from tissue paper to cardboard packaging to stereo speakers to electrical plugs to home insulation to the sole inserts in your tennis shoes. In short, paper is everywhere.
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Do Antidepressants Work?
The short answer is yes, but not for the reasons one might imagine. Antidepressants work not because of their active ingredients but because of the placebo effect. In other words, a sugar pill works just as well as the antidepressant, and has none of the side effects of drugs that aim to fix “chemical imbalances” in the brain. This is the conclusion of a fresh new research study by Harvard scientist Irving Kirsch, which adds to an accumulating body of evidence on the medical inefficacy, and the dangers of antidepressants and other overprescribed psychotropic drugs for tens of millions of people who use them everyday (see video below; more resources here).
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Behind the Beautiful Forevers
Katherine Boo, a journalist known for her perceptive writing about the poor and the voiceless, has just published a book about the people of the Annawadi slum in Mumbai. It is getting some really great reviews. Here is an excerpt from one by Thrity Umrigar:
And yet, despite such instances of human decency, the residents of Annawadi are not the saintly, noble poor of much fiction. There are no Tiny Tims or Tom Joads here. They cannot afford to be. Living on subsistence wages, beside sewer lakes and mud-cased pigs and goats, standing in line for hours for a trickle of water, facing the daily threat of the imminent razing of the illegal slum, battling their own superstitions and flaws, killing themselves to pay for a substandard education for their children doesn’t leave much time for human kindness.This is not poverty porn. Rather, it is an unflinching, unsentimental portrait of the city’s poor – mean, envious, striving. There is no apotheosis in poverty, Boo reminds us. There is only humiliation and a kind of bewilderment.
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Simon Leys on Liu Xiaobo
In the NYRB, Simon Leys reviews No Enemies, No Hatred: Selected Essays and Poems by Liu Xiaobo.
The award of the Nobel Peace Prize in 2010 brought the name of Liu Xiaobo to the attention of the entire world. Yet well before that, he had already achieved considerable fame within China, as a fearless and clearsighted public intellectual and the author of some seventeen books, including collections of poetry and literary criticism as well as political essays. The Communist authorities unwittingly vouched for the uncompromising accuracy of his comments. They kept arresting him for his views—four times since the Tiananmen massacre in June 1989. Now he is again in jail, since December 2008; though in poor health, he is subjected to an especially severe regime. As Pascal said, “Trust witnesses willing to sacrifice their lives,” and this particular witness happens to be exceptionally well qualified in other ways as well, both by the depth of his information and experience, and by his qualities of intelligence and moral fortitude. … At the Oslo ceremony, an empty chair was substituted for the absent laureate. Within hours, the words “empty chair” were banned from the Internet in China—wherever they occurred, the entire machinery of censorship was automatically set in motion.
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Marglin on the Dismal Science
I spotted a recent book, The Dismal Science: How Thinking Like an Economist Undermines Community, by Harvard professor Stephen A. Marglin, who apparently writes from a socialist-communitarian point of view. The book jacket says the following:
Economists celebrate the market as a device for regulating human interaction without acknowledging that their enthusiasm depends on a set of half-truths: that individuals are autonomous, self-interested, and rational calculators with unlimited wants and that the only community that matters is the nation-state. However, as Stephen Marglin argues, market relationships erode community. In the past, for example, when a farm family experienced a setback–say the barn burned down–neighbors pitched in. Now a farmer whose barn burns down turns, not to his neighbors, but to his insurance company. Insurance may be a more efficient way to organize resources than a community barn raising, but the deep social and human ties that are constitutive of community are weakened by the shift from reciprocity to market relations.Marglin dissects the ways in which the foundational assumptions of economics justify a world in which individuals are isolated from one another and social connections are impoverished as people define themselves in terms of how much they can afford to consume. Over the last four centuries, this economic ideology has become the dominant ideology in much of the world. Marglin presents an account of how this happened and an argument for righting the imbalance in our lives that this ideology has fostered.
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Addendum to My Gita Essay
For many motivated readers, a favorite strategy for deflecting criticism of Krishna’s dubious advice to Arjuna is to argue that, based on the events in the Mahabharata, the justification for the war is absolutely clear (in comments, one person saw it on par with the Allied case against Hitler!). I responded to this point in part 2 of my essay (Part 1, Part 2) but it’s worth drawing attention to it again:Some defend the Gita by saying that the Kauravas’ bad behavior made the war unavoidable and eminently justified. Perhaps, but that’s not the point. The point is about the quality of the arguments Krishna uses to persuade Arjuna to fight. If the best moral justifications for the war purportedly exist outside the Gita, and some of the worst inside it, what have we left? Given all the bad faith reasoning and the starkly instrumental view of human life in the Gita, which many saw through even in ancient times, what makes the Gita a work of wisdom? Why not get the Gita off its exalted pedestal in our minds and let it be an uncelebrated episode in the Mahabharata—an artful plot element in an epic work of literature?
However, the case for “just war” is not at all clear in the Mahabharata. It’s debatable—and not black and white—which is exactly what makes the Mahabharata great. For starters, the standard rules of succession were inadequate for the situation at hand: Dhritarashtra is blind, so his younger brother, Pandu, is made the king. But then Pandu lands a curse and retreats to the forest with his two wives, leaving Dhritarashtra to rule instead. Yudhisthira is the oldest son in the family but he and the other four Pandavas are not really fathered by Pandu (due to his curse), rather Pandu’s two wives find some “divine” lovers in the forest (!), raising questions about the royal Kuru lineage of the Pandavas. Nor did Pandu rule anytime during Yudhisthira’s life. So as the first son of the long reigning and elder brother Dhritarashtra—who in his heart wants his son to be the king—doesn’t Duryodhana, a warrior as skilled as any and an able administrator, have a claim to succession as well? I mean a reasonable case can be made, right?
Category: Books & Authors, Culture, Economics, Fiction & Poetry, Justice, Philosophy, Politics, Religion -
Graeber on the Origins of Money
David Graeber, in Debt: The First 5,000 Years, explains how money came about in human societies and how different the facts are from conventional accounts of it in economic textbooks (that money arose as the natural next stage of the barter system).
Let me begin by filling in some background on the current state of scholarly debate on this question, explain my own position, and show what an actual debate might have been like. First, the history:1) Adam Smith first proposed in ‘The Wealth of Nations’ that as soon as a division of labor appeared in human society, some specializing in hunting, for instance, others making arrowheads, people would begin swapping goods with one another (6 arrowheads for a beaver pelt, for instance.) This habit, though, would logically lead to a problem economists have since dubbed the ‘double coincidence of wants’ problem—for exchange to be possible, both sides have to have something the other is willing to accept in trade. This was assumed to eventually lead to the people stockpiling items deemed likely to be generally desirable, which would thus become ever more desirable for that reason, and eventually, become money. Barter thus gave birth to money, and money, eventually, to credit.
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Top 10 Stories of 2011
Here are the top 10 stories of 2011 according to al-Jazeera. They include: (1) The Arab Spring (2) Japan’s triple disasters (3) The killing of Bin Laden (4) Drought in the Horn of Africa (5) Europe’s financial crisis (6) Occupy Wall Street (7) The birth of South Sudan (8) UK riots (9) The Palestine papers (10) Final US withdrawal from Iraq. Suggest other stories if you don’t agree with this list!
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Seven Ways to Rescue Pakistan
An interesting conversation between Indian politician Mani Shankar Aiyar and Pakistani physicist and political commentator Pervez Hoodbhoy, hosted by NDTV’s Barkha Dutt at Tehelka-Newsweek’s THiNK 2011 on ‘Seven Ways to Rescue Pakistan’.” Also check out some additional videos.
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On Change in India
An excerpt from Siddhartha Deb’s portrait of contemporary India, The Beautiful and the Damned.
The highway out of Hyderabad towards Kothur village was still being worked on, with new overpasses and exits being constructed next to the lanes that were open to traffic. Vijay and I were halfway to our destination when we saw the man appear, standing in the middle of the road and waving us down. We were traveling fast, moving much too quickly to understand immediately what the man’s appearance meant. A few days earlier, on this same road, we had been stopped by two police constables. Assigned to guard duty at another point on the highway and left to fend for their own transportation, all the men had wanted was a lift. But the figure in front of us now was not in uniform, and his objective was far less clear, although I had the impression that he was part of the knotted confusion of people and cars that had sprung up suddenly on the smooth thread of the highway. Vijay brought his tiny car to a halt, and the man loomed up in front of the windscreen, a dark, stocky figure dressed in a T-shirt and jeans. He put his right hand down on the bonnet of our car. In his left hand, he held an automatic pistol, its barrel pointing up at an acute angle.
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How Doctors Die
This thought-provoking article by Ken Murray, MD, asks: “How has it come to this—that doctors administer so much care that they wouldn’t want for themselves? The simple, or not-so-simple, answer is this: patients, doctors, and the system.”
Years ago, Charlie, a highly respected orthopedist and a mentor of mine, found a lump in his stomach. He had a surgeon explore the area, and the diagnosis was pancreatic cancer. This surgeon was one of the best in the country. He had even invented a new procedure for this exact cancer that could triple a patient’s five-year-survival odds—from 5 percent to 15 percent—albeit with a poor quality of life. Charlie was uninterested. He went home the next day, closed his practice, and never set foot in a hospital again. He focused on spending time with family and feeling as good as possible. Several months later, he died at home. He got no chemotherapy, radiation, or surgical treatment. Medicare didn’t spend much on him.It’s not a frequent topic of discussion, but doctors die, too. And they don’t die like the rest of us. What’s unusual about them is not how much treatment they get compared to most Americans, but how little. For all the time they spend fending off the deaths of others, they tend to be fairly serene when faced with death themselves. They know exactly what is going to happen, they know the choices, and they generally have access to any sort of medical care they could want. But they go gently. Of course, doctors don’t want to die; they want to live. But they know enough about modern medicine to know its limits. And they know enough about death to know what all people fear most: dying in pain, and dying alone.
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On Improving Modern Capitalism
Here are two short articles worth reading. They illuminate two different aspects of what’s wrong with modern capitalism:
Is Modern Capitalism Sustainable? by Kenneth Rogoff
I am often asked if the recent global financial crisis marks the beginning of the end of modern capitalism. It is a curious question, because it seems to presume that there is a viable replacement waiting in the wings. The truth of the matter is that, for now at least, the only serious alternatives to today’s dominant Anglo-American paradigm are other forms of capitalism…. -
Sørensen on World Order
An insightful talk by Georg Sørensen on the world order today, where he considers four dimensions: (a) war and peace, (b) global economy, (c) institutions and governance, and (d) global environment. Sørensen is distinguished professor of international politics and economics in Denmark and has written fifteen books “on international relations and development issues. His research areas include society and politics, international community, democracy and development, prospects for a liberal world order, transformations of the state and its effects on international relations.” If you like this, check out another recent talk by him on Democracy and Democratization.
In his new book, A Liberal World Order in Crisis, Sørensen quotes me in his final chapter (from my essay, Being Liberal in a Plural World).
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Growth is Not Development
Here is a great article by Jean Dreze and Amartya Sen on growth vs. development—how the two can feed each other but not in any automatic way, not without the right planning and investment—and why India, despite good economic growth has fared abysmally on human development when compared to other similar nations, especially in South Asia. Must read.
Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like this. “After decades of mediocrity and stagnation under ‘Nehruvian socialism’, the Indian economy achieved a spectacular take-off during the last two decades. This take-off, which led to unprecedented improvements in income per head, was driven largely by market initiatives. It involves a significant increase in inequality, but this is a common phenomenon in periods of rapid growth. With enough time, the benefits of fast economic growth will surely reach even the poorest people, and we are firmly on the way to that.” Despite the conceptual confusion involved in bestowing the term ‘socialism’ to a collectivity of grossly statist policies of ‘Licence raj’ and neglect of the state’s responsibilities for school education and healthcare, the story just told has much plausibility, within its confined domain.But looking at contemporary India from another angle, one could equally tell the following—more critical and more censorious—story: “The progress of living standards for common people, as opposed to a favoured minority, has been dreadfully slow—so slow that India’s social indicators are still abysmal.” For instance, according to World Bank data, only five countries outside Africa (Afghanistan, Bhutan, Pakistan, Papua New Guinea and Yemen) have a lower “youth female literacy rate” than India (World Development Indicators 2011, online). To take some other examples, only four countries (Afghanistan, Cambodia, Haiti, Myanmar and Pakistan) do worse than India in child mortality rate; only three have lower levels of “access to improved sanitation” (Bolivia, Cambodia and Haiti); and none (anywhere—not even in Africa) have a higher proportion of underweight children. Almost any composite index of these and related indicators of health, education and nutrition would place India very close to the bottom in a ranking of all countries outside Africa.
