Sunday, 27 September 2015 - 1:06pm

Published by Matthew Davidson on Sun, 27/09/2015 - 1:06pm in

This week, I have been mostly sleeping, and reading:

  • What Bernie Sanders Has Already Won - Dave Johnson at Campaign for America's Future: "Nobody expected to be actually talking about him being the nominee and all that. But whether he is or not, the discussion Sanders wanted HAS been triggered, and an amazing list of supporters now exists. Now there is the hope that he and we can build a movement out of it that lasts past this election."
  • Fuck Nuance - Keiran Healy: See also the interview with the Chronicle of Higher Education. I freely admit that I'm struggling with identifying any consistent body of practices that distinguishes sociology from, say, social psychology, or history. I'm also not entirely sure it needs one. But there's certainly a rich and inexhaustible seam of discourse on the theme of UR DOIN' IT WRONG!
  • NYT Claims U.S. Abides by Cluster Bomb Treaty: The Exact Opposite of Reality - Glenn Greenwald at the Intercept: "For the NYT to tell its readers that the U.S. — one of the leading cluster bomb states on the planet — is actually one of the countries that “have not yet joined the treaty but have abided by its provisions” is nationalistic propaganda of the most extreme kind."
  • The Great Wealth Transfer to the London Elite - Craig Murray: "Now the brilliance of the trick is that, as it is labeled a benefit, the left fight to keep housing benefit as though it benefited poor people. In fact this is a great illusion. It does nothing of the sort. What would truly benefit poor people is lower rent or affordable homes. Housing benefit goes straight into the pockets of the landlord class." Welfare recipients aren't. Austudy, Newstart, whatever: all but a handful of change ends up with landlords.
  • Other People’s Dollars, and Their Place in Global Economics - Paul Krugman, NYT: "The Aussie dollar plays no special role in the world monetary system, yet Australia has consistently attracted bigger inflows of capital relative to the size of its economy — and run proportionately bigger trade deficits — than the United States. What’s important for both capital and trade, it turns out, is whether your economy offers good investment opportunities under an umbrella of legal and political stability. Whether you control an international currency is a trivial concern by comparison."
  • Some Rules for Teachers - Anne Boyer at The New Enquiry: Rule 12 applies to any public speaking, in my experience. "12. thoroughly prepare class, including making preparations to abandon your preparations entirely"
  • Quantitative Easing for People: The UK Labour Frontrunner’s Controversial Proposal - Ellen Brown: New rule. Nobody is allowed to cry "ZOMG! Zimbabwe!" while there is a single unemployed person, or a scintilla of unmet demand.
  • Why franchises care more about their coffee than their people - Ashlea Kellner et al. from Griffith University, in the Conversation: As Humphrey McQueen points out, the whole point of franchising is to finance expansion using other people's money. Just as the franchisor outsources cost and risk to the franchisee, so the franchisee offloads this burden on to their workers.
  • Joe Hockey’s unscripted moments of truth reveal what the Government really thinks - Warwick Smith for The Age: "When Hockey tells Sydneysiders to get a good, well-paying and secure job if they want to enter the property market, he is telling us what this government really thinks. If you don’t have a job that pays much better than the average wage then you don’t deserve to own your own home. If the best you can do with your life is be a teacher in a public school or a nurse or a waiter then you’re not worthy of his concern or interest. Get a better job, then come talk about your problems."
  • The Art of Capital Flight - Ken Rogoff at Project Syndicate: "Just five months ago, Larry Fink, Chairman and CEO of BlackRock, the world’s largest asset manager, told an audience in Singapore that contemporary art has become one of the two most important stores of wealth internationally, along with apartments in major cities such as New York, London, and Vancouver. Forget gold as an inflation hedge; buy paintings." I used to know a Coffs-old-money scumbag who would boast about his Norman Lindsay prints. The money value of them, that is; not any intrinsic virtues. The sad empty lives some people lead…
  • 99 percent Utopia and money - Branko Milanovic and insomnia give us an interesting thought experiment: "So, there is, I think, already now a limited, but growing, number of goods and services whose marginal cost of production is so low that they are practically free. (The average cost of production is not zero, but to an individual consumer these goods appear as free.) Consider now the behavior of people. Do they go to Starbucks stores and fill their pockets with free paper napkins or grab free ice cubes? No. Do they go to free open-air concerts day after day and fight for the spots? No. Once you know that such goods will be plentiful and free, you do not keep an unreasonable stock of them, nor do you fight to get them. You know they will be around when you need them."
  • Range of reactions to realism about the social world - Daniel Little: "And what about the concept of a market itself? Can we understand this concept realistically? Do markets really exist? Maybe the most we can say is something like this: there are many social settings where stuff is produced and exchanged. When exchange is solely or primarily governed by the individual self-interest of the buyers and sellers, we can say that a market exists. But we must also be careful to add that there are many different institutional and social settings where this condition is satisfied, so there is great variation across the particular "market settings" of different societies and communities. As a result, we need to be careful not to reify the concept of a market across all settings."
  • Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda - Pavlina Tchernerva at NEP: I can't remember if I saw this a month ago when it first came out. It deserves multiple mentions anyway, as it's a terrific summary of the arguments for government as employer of last resort. "The private sector is simply not in the business of satisfying unmet basic needs or providing employment for everyone. But once most basic needs are met, will there be enough work for the JG participants to do? I’m convinced, yes. As Warren Mosler says, “There is no limit to the ways we can serve one another”. My worry is that even if we mobilized everyone who wanted to work in a private and public initiative, there would still not be enough manpower to do all the things that we sorely need—especially concerning the environment."
  • And the Winner is (should be)…. Fiscal Policy! - Francesco Saraceno: "In a liquidity trap the propensity to hoard of the private sector becomes virtually unlimited, so that monetary policy (be it conventional or unconventional) loses traction. It is true that the age of great moderation, and three decades of almighty central bankers had made the concept fade into oblivion. But, since 2008 we were forced to reconsider the effectiveness of monetary policy at the so-called zero lower bound.Or at least we should have…"
  • Economics in Two Lessons: Income Distribution - John Quiggin: "For a very poor person, an additional hundred dollars could mean the difference between eating and not eating. For someone slightly better off, it may mean the difference between paying the rent and being evicted. For a middle class family, it might allow an unexpected luxury purchase. For someone on a million dollars a year, it would barely be noticed." And Rawlsian fiscal policy has an unlikely champion:
  • Trump Is Right on Economics - Paul Krugman: "Mr. Bush has chosen to attack Mr. Trump as a false conservative, a proposition that is supposedly demonstrated by his deviations from current Republican economic orthodoxy: his willingness to raise taxes on the rich, his positive words about universal health care. And that tells you a lot about the dire state of the G.O.P. For the issues the Bush campaign is using to attack its unexpected nemesis are precisely the issues on which Mr. Trump happens to be right, and the Republican establishment has been proved utterly wrong."
  • The Usual Warmongers - Craig Murray: "Bombs are entirely agnostic over who they kill, and have not made life notably better for the population. Yet the news media are now insistently beating the drum for British bombing in Syria. Who should be bombed exactly – ISIL or Assad – appears unimportant, so long as there is bombing. Indeed, the Murdoch Sky News, the Mail and the Blairites are contriving to build a narrative that Jeremy Corbyn, the SNP and bleeding hearts like myself are responsible for the death of little Aylan and hundreds like him, by unreasonable and inhuman opposition to a bit more bombing."
  • Fed Up with the Fed - Joe Stiglitz at Project Syndicate: "The “jobs gap” – the difference between today’s employment and what it should be – is some three million. With so many people out of work, downward pressure on wages is showing up in official statistics as well. So far this year, real wages for non-supervisory workers fell by nearly 0.5%. This is part of a long-term trend that explains why household incomes in the middle of the distribution are lower than they were a quarter-century ago. "
  • Taking Corbynomics Seriously - Robert Skidelsky at Project Syndicate: "Under conventional quantitative easing (QE), the central bank buys government securities from banks or corporations and relies on the extra cash that it “prints” to stimulate private spending. But studies suggest that much of this money goes into speculative activity, risking asset bubbles, rather than being channeled into productive investment. An alternative would be to distribute the central bank’s newly issued money directly to housing associations, local councils, or national or regional investment banks – any organization that could carry out infrastructure projects. This is what Corbyn proposes. "
  • The Syrian Refugee Crisis and the ‘Do Something’ Lie - Adam Johnson at Fairness and Accuracy in Reporting: "While there’s no doubt many of the refugees are escaping Assad’s bombing of cities, the boy in question, Aylan Kurdi, wasn’t: He was escaping ISIS and the US bombing of his hometown of Kobani, far from anything the Assad government is doing. A no-fly zone would not have saved his hometown. An absence of fueling jihadists by the United States and the subsequent bombing of said jihadists by the United States? Perhaps."
  • Kickstarter Focuses Its Mission on Altruism Over Profit - Mike Isaac and David Gelles, NYT: "Public benefit corporations are a relatively new designation that has been signed into law by a number of states. Delaware, where Kickstarter is reincorporating, began allowing public benefit corporations in 2013. Under the designation, companies must aim to do something that would aid the public (such as Kickstarter’s mission to “help bring creative projects to life”) and include that goal in their corporate charter. Board members must also take that public benefit into account when making decisions, and the company has to report on its social impact."
  • School questioned Muslim pupil about Isis after discussion on eco-activism - Vikram Dodd in the Guardian: "In a response to the legal action, Central Foundation school said it should be dismissed. According to legal documents related to the case it added: “It is unarguable that at the relevant time (May 2015) the school was required as part of its safeguarding responsibilities to be aware of the dangers of radicalisation. […] The school added: “This safeguarding step can not be criticised, as the school had due regard to its overarching duty to safeguard pupils and the need to prevent them being drawn into terrorism.”"
  • Volkswagen’s Diesel Fraud Makes Critic of Secret Code a Prophet - Jim Dwyer, NYT: "“Proprietary software is an unsafe building material,” Mr. Moglen had said. “You can’t inspect it.” That was five years ago. On Tuesday, Volkswagen admitted it had rigged the proprietary software on 11 million of its diesel cars around the world so that they would pass emissions tests when they were actually spreading smog."
  • How Much of Your Audience is Fake? Marketers thought the Web would allow perfectly targeted ads. Hasn’t worked out that way. - Ben Elgin, Michael Riley, David Kocieniewski, and Joshua Brustein at Bloomberg: Nothing we didn't already know, and to be honest I didn't even read more than half of it, but a useful link to send the next entrepreneur you meet who talks about "clicks", "landing pages", and "conversion rates".

Sunday, 20 September 2015 - 9:29am

Published by Matthew Davidson on Sun, 20/09/2015 - 9:29am in

This week, I have been mostly half-heartedly finishing another academic term, while reading:

  • Joseph Stiglitz: “Deep-seatedly wrong” economic thinking is killing Greece - Lynn Parramore, Institute for New Economic Thinking: The common observation that the problem with Europe is economic union without political union is not strictly true. It's that economic union has been used to impose a kind of political union that would never have been accepted through a democratic process.
  • The ‘flipped classroom’ is professional suicide - The never less than brilliant Jonathan Rees at the Daily Dot: "As Leslie Madsen-Brooks of Boise State University concluded after her school began capturing classroom lectures and posting them to iTunes: “In an age where people seem to think that education is just a matter of ‘delivering content’ that translates into mad workplace skillz, I’m uneasy about providing the university with any multimedia content that could be aggregated into a enormous-enrollment course taught by a grossly underpaid and underinsured Ph.D.”"
  • The MOOC revolution that wasn’t - The Daily Dot have also snaffled the always-brilliant Audrey Watters: "Rather than education for all, MOOCs now merely promise education for employability. This new narrative, according to George Siemens, one of the originators of the MOOC concept, casts education as simply skills training—a far cry from President Lyndon Johnson’s description, 40 years ago, of higher education as “a way to deeper personal fulfillment, greater personal productivity, and increased personal reward.”"
  • Two real-life accounts of the effect of benefits sanctions - Peter Dwyer at the Conversation: Irritable Duncan Syndrome is caught out making up qualitative evidence in favour of punitive anti-welfare. Meanwhile non-fictional people suffer.
  • Email from a Married, Female Ashley Madison User - Glenn Greenwald at the Intercept points out that it's complicated: "The private lives and sexual choices of fully formed adults are usually very complicated and thus impossible to understand — and certainly impossible to judge — without wallowing around in the most intimate details, none of which are any of your business. That’s a very good reason not to try to sit in judgment and condemn from afar."
  • DIY Tractor Repair Runs Afoul Of Copyright Law - Laura Sydell, NPR's All Things Considered: "[…] the little computer screen lets him know when something is wrong. Unfortunately, Alford isn't allowed to fix it. John Deere has a digital lock on the software that runs his tractor. And it won't give him the key. If something goes wrong with one of his tractors Alford has to take it to an authorized John Deere dealer — the closest one is about 40 miles away — or a John Deere rep has to come visit him."
  • Data is not an asset, it’s a liability - Marko Karppinen at something called Richie that makes "app components": "If you work in software development, sooner or later you learn that code is a liability — all things being equal, the less code you have, the better off you are." Yup. "You can’t expect the value of data to just appear out of thin air. Data isn’t fissile material. It doesn’t spontaneously reach critical mass and start producing insights." But it produces graphs. Stupid people love graphs. Stupid people in positions of authority really love graphs. I don't think you fully understand the app maker's job. It's not your business to produce the emperor's new clothes; it's your job to praise them.
  • Writing, Typing, and Economics - JK Galbraith the Elder, writing in 1978 for the Atlantic: "[…] because the real world is so funny, there is almost nothing you can do, short of labeling a joke a joke, to keep people from taking it seriously. A few years ago in Harper's I invented the theory that socialism in our time was the result of our dangerous addiction to team sports. The ethic of the team is all wrong for free enterprise. The code words are cooperation; team spirit; accept leadership; the coach is always right. Authoritarianism is sanctified; the individualist is a poor team player, a menace. All this our vulnerable adolescents learn. I announced the formation of an Organization to combat this deadly trend and to promote boxing and track instead. I called it the C.I.A. — Congress for Individualist Athletics. Hundreds wrote in to Harper's asking to join."
  • The UK Hits Moral Rock Bottom - Craig Murray: "On the day that it is revealed that 2,380 people in three years died within 14 days of being declared fit to work by an ATOS assessment and having benefit stopped, we also have 45 of the most appalling members of the political class elevated to trough it for life in the House of Lords, at a possible cost to the taxpayer of 67,500 pounds per week in attendance allowances alone."
  • The Way GCHQ Obliterated The Guardian’s Laptops May Have Revealed More Than It Intended - Jenna McLaughlin at the Intercept: "The track pad controller, they said, can hold up to 2 megabits of memory. All the different “chips” in your computer — from the part that controls the device’s power to the chips in the keyboard — also have the capacity to store information, like passwords and keys to other data, which can be uploaded through firmware updates. According to the public documents from other members of Five Eyes, it is incredibly difficult to completely sanitize a device of all its content."
  • Tortured in Guantánamo, Uncharged Prisoner Details a US-Created Hell - excerpt from Guantanamo Diary by Mohamedou Ould Slahi: '"What terrorist organizations are you part of?" "None!" I replied. He put back the bag on my head and started a long discourse of humiliation, cursing, lies, and threats. I don't really remember it all, nor am I ready to sift in my memory for such bullshit. I was so tired and hurt, and tried to sit but he forced me back. I cried from the pain. Yes, a man my age cried silently. I just couldn't bear the agony.'
  • I don’t teach critical thinking, I teach the material - Fabio Rojas at "Obtaining truth is hard and there is no magical form of thinking called “critical thinking” that can be separated from specific domains. Aside from a very simple general rules of thumb, such as “don’t be emotional in arguing” or “show my your evidence,” the best way to be improve your thinking is to learn from those who have spent a lifetime actually trying to figure out specific problems." An ontological excision long overdue.
  • Homes for the homeless - Suzie Cagle in Aeon: "The Housing First philosophy was first piloted in Los Angeles in 1988 by the social worker Tanya Tull, and later tested and codified by the psychiatrist Sam Tsemberis of New York University. It is predicated on a radical and deeply un-American notion that housing is a right. Instead of first demanding that they get jobs and enroll in treatment programmes, or that they live in a shelter before they can apply for their own apartments, government and aid groups simply give the homeless homes."
  • All our needs are social - Branko Milanovic: " We are social beings. It was stated by Adam Smith very nicely that our needs vary in function of what we consider to be socially acceptable. In a much quoted passage, Smith contrasts a man living in a relatively poor society who is content with a roughly-hewn shirt and another one, living in a richer society, who would be ashamed to be seen in public without a linen shirt. Smith was drawing on his own experience, having observed how what is socially acceptable, i.e., what are our “needs”, has changed in his own lifetime as England and Scotland had become richer. "
  • The case for realism in the social realm - Daniel Little: "In short, the social sciences do not possess the remarkable coherence and predictive accuracy of physics, so confidence in realism is not grounded in the high level of success of the enterprise. Sociology is not like physics. But equally, the concepts of the social sciences are not "hypothetical constructs" that depend upon their role in a developed theoretical system for application. It is therefore possible to be piecemeal realists. Again, sociology is not like physics." But: …
  • Live from Yellowstone Lake Lodge: WTF!? - Brad DeLong: "But if you ask physicists whether the entities of Einstein's theory are really there, they will say: "Of course not: Those entities do not satisfy the quantum principle.[…]" There is something there. But just because your theory is good does not mean that the entities in your theory are "really there", whatever that might mean..." Which gets back to Chomsky's point that no scientist since Aristotle has tried to "explain" anything. We've been modeling things, with varying degrees of fidelity.

  • - Clay Bennett in Truthdig
  • Whitewashing the IMF’s Destructive Role in Greece - Michael Hudson in CounterPunch: "The tragic Greek experience should stand as a warning of the need to withdraw from the rules that have turned the eurozone into an economic dead zone, and the IMF and Troika into brutal debt collectors for European, U.S. and British banks and bondholders. This is not a story that the mainstream press is happy to popularize."
  • SOCIAL CONSTRUCTION OF THE BODY: The nipple - Todd Beer: "The social construction of the body may be hard for some students to understand because so much of the body seems to be tied to biology. How we treat nipples depending on who’s body they are attached to demonstrates the power of society." Listen to Beer. Free the nipple; it rhymes with tipple.

Sunday, 13 September 2015 - 9:06pm

Published by Matthew Davidson on Sun, 13/09/2015 - 9:06pm in

This week, I have been mostly reading:

  • Why The Ted Rall LA Times Scandal Matters [legal analysis] - Tom Ewing at aNewDomain: "In the absence of any real evidence whatsoever and by the Times own description of what happened, here’s one possible conclusion: The LAPD simply asked the Times to fire Ted."
    On July 27, 2015, the Los Angeles Times fired me as its long-time editorial cartoonist. The reason given was their belief, based on a secret LAPD audiotape of my 2001 arrest for jaywalking, that I lied about my treatment by the police officer in a May 11, 2015 blog for the Times. However, when I had the tape enhanced and cleaned up, it proved I'd told the truth. So why won't the Times comment or admit they were wrong?
  • Curator of the Future - George Monbiot: "The middle ground is a magic mountain that retreats as you approach. The more you chase it from the left, the further to the right it moves. […] Nothing was more politically inept than Labour’s attempt before the election to win back UKIP supporters by hardening its stance on immigration. Why vote for the echo when you can vote for the shout?"
  • Nanny state submission - Cameron K Murray: "[…] it is not clear that “sin taxes” on alcohol are an effective way to change the binge drinking culture, and in fact might have the opposite effect. Those who choose to drink alcohol may change their patterns of consumption to only drink to get drunk. Why pay so much for alcohol unless you are going to get drunk?"
  • Whistleblower Says Asylum Seekers Waterboarded And Zip Tied By "Thug-Like" Guards On Nauru - Max Chalmers, New Matilda: "I’ve seen members of the [Wilson] Emergency Response Team exit tents and later I’ve seen asylum seekers come out of these tents, come out of them covered in water, coughing."
  • The great Labour purge is underway - Michael Chessum, openDemocracy: "One post currently doing the rounds on Facebook states: “If you know that someone who has recently signed up as a member, supporter or affiliate, who is not in fact a supporter of the Labour party, you should email their name to with proof.” The post concludes: “Please do report anyone you suspect should be ineligible – and you too could be called a star by the Compliance Unit”."
  • Neoliberal epidemics: the spread of austerity, obesity, stress and inequality - Ted Schrecker and Clare Bambra of Durham University, in The Conversation: "Focusing on the social determinants of health – the conditions of life and work that make it relatively easy for some people to lead long and healthy lives, while it is all but impossible for others – we show that there are four interconnected neoliberal epidemics: austerity, obesity, stress, and inequality. They are neoliberal because they are associated with or worsened by neoliberal policies. They are epidemics because they are observable on such an international scale and have been transmitted so quickly across time and space that if they were biological contagions they would be seen as of epidemic proportions."
  • But What’s It Really For? - Robert DiNapoli in Arena: "The very thought of tax revenues being lavished on education as a species of social investment long ago lost all credibility, and as a result universities have faced a perfect storm of budgetary axes falling faster and harder than those that split the skulls of the monks of Lindisfarne when the Vikings came knocking in the eighth century. The managers and education ministers who wrought this have possessed about as much feel for the real dynamics of teaching and learning as those Vikings did for the texts they ripped from the gospel books whose gem- and gold-encrusted covers they coveted. The pages that carried those texts’ real, living purpose they chucked into a convenient bog on their way back to their ships. Efficiency rules, for plunderer and executive alike."
  • Greece is for sale – and everything must go, Nick Deardon, openDemocracy: "The beneficiaries are corporations from around the world, though eyebrows are particularly being raised at the number of European companies – from German airport operators and phone companies to French railways – who are getting their hands on Greece’s economy. Not to mention the European investment banks and legal firms who are making a fast buck along the way. The self-interest of European governments in forcing these policies on Greece leaves a particularly unpleasant flavour."
  • Three-word slogans have left Abbott with an economic quandary - John Quiggin for the Drum: "Let's start with "debt and deficits". The Gillard government handed this issue to Abbott on a plate, with Treasurer Wayne Swan's obsessive pursuit of an essentially meaningless return to budget surplus. The rhetoric surrounding this goal made it impossible for Labor to defend its successful use of deficits to stimulate the economy at the time of the Global Financial Crisis. The result was that a government that had outperformed the entire developed world in terms of economic management was presented, and presented itself, as a set of wasteful spendthrifts."
  • War and technological progress - John Quiggin again: "Opportunity cost reasoning leads us to ask what was foregone to release the [scientific and technological] resources [for war work]. In large part, the answer is ‘research of the kind that made these developments possible’. War gives great urgency to the “D” part of R&D, at the expense of R."
  • Fairy Tales - Krugman at The Paper of Record: "As Mike Konczal, channeling Kalecki, pointed out some time ago, arguments rejecting Keynes and declaring that only business confidence can achieve full employment serve a very useful political purpose: they empower plutocrats and big business, while rendering populists impotent."
  • Techno-optimism & low investment - Chris Dillow: "If you spend £10m installing robots in a factory today you might be able to undercut your non-robotized rivals. But if a new company later installs better robots for £5m, it will undercut you and destroy your profits. […] This is true not just of process innovation but product innovation too. For example, Nokia benefited hugely from the first wave of innovation in mobile phones, but suffered hugely from the later wave which gave us the smartphone. "
  • Did socialism keep capitalism equal? - Branko Milanovic: "The implication is of course rather unpleasant: left to itself, without any countervailing powers, capitalism will keep on generating high inequality and so the US may soon look like South Africa."
  • "Don't Owe. Won't Pay." Everything You've Been Told About Debt Is Wrong - Charles Eisenstein at Truthout: "Positive money refers to money created directly without debt by the government, which can be given directly to debtors for debt repayment or used to purchase debts from creditors and then cancel them. Negative-interest currency (which I describe in depth in Sacred Economics) entails a liquidity fee on bank reserves, essentially taxing wealth at its source. It enables zero-interest lending, reduces wealth concentration, and allows a financial system to function in the absence of growth."
  • The Upsurge in Uncertain Work - Robert Reich on the precariat: "On demand and on call – in the “share” economy, the “gig” economy, or, more prosaically, the “irregular” economy – the result is the same: no predictable earnings or hours. […] It’s estimated that in five years over 40 percent of the American labor force will have uncertain work; in a decade, most of us."

Sunday, 6 September 2015 - 4:07pm

Published by Matthew Davidson on Sun, 06/09/2015 - 4:07pm in

This week, I have been alternately scrambling about in a mad panic and hiding under a rock in a state of denial. While there, I was mostly reading:

Sunday, 30 August 2015 - 9:25am

Published by Matthew Davidson on Sun, 30/08/2015 - 9:25am in

This week , I have been mostly reading:

Sunday, 23 August 2015 - 6:11pm

Published by Matthew Davidson on Sun, 23/08/2015 - 6:11pm in

This week, I have been mostly reading:

  • Open the Music Industry’s Black Box - (That) David Byrne, in the New York Times: I'm a dirty hippie who believes that paywalling art is, all else being equal, a bad idea. Byrne doesn't seem to agree with me on that, but is rightly perturbed that the kind of people who used to justify their income by the production and movement of plastic discs, still appear to be making way more money than the artists who no longer need the plastic discs.
  • Say goodbye to the weirdest border dispute in the world - Sam Taylor at WaPo: I still maintain that "border protection" is a meaningless occupation—you can neither protect nor damage an imaginary line—but this example verges on the justifiable. Which only adds to the argument that if your borders happen also to be oceans, you should STFU.
  • This Hacker’s Tiny Device Unlocks Cars And Opens Garages - Andy Greenberg, Wired: "'My own car is fully susceptible to this attack. I don’t think that’s right when we know this is solvable.'"
  • Oracle security chief to customers: Stop checking our code for vulnerabilities - Sean Gallagher at Ars Technica: And we'd have gotten away with it, too, if it weren't for you meddling hackers!
  • That’s Not Funny! Today’s college students can’t seem to take a joke - Caitlin Flanagan in the Atlantic: "I saw ample evidence of the repressive atmosphere that Rock and Seinfeld described, as well as another, not unrelated factor: the infantilization of the American undergraduate, and this character’s evolving status in the world of higher learning—less a student than a consumer, someone whose whims and affectations (political, sexual, pseudo-intellectual) must be constantly supported and championed. To understand this change, it helps to think of college not as an institution of scholarly pursuit but as the all-inclusive resort that it has in recent years become—and then to think of the undergraduate who drops out or transfers as an early checkout. Keeping hold of that kid for all four years has become a central obsession of the higher-ed-industrial complex."
  • Supervenience, isomers, and social isomers - Daniel Little: "Significantly, this example appears to have direct implications for the relation between social facts and individual actors. If we consider the possibility of "social isomers" -- social structures consisting of exactly similar actors but different histories and different configurations and causal properties in the present -- then we also have a refutation of the idea that social facts supervene upon the actors of which they are constituted."
  • Why Economists Have Trouble With Bubbles - Noah Smith at Bloomberg View: "But there has always been one big problem with rational expectations -- it might just not be right. People really might make systematic mistakes in the way they predict the workings of the economy. If economists insist on using an incorrect assumption as the core of their models, it will force them into ever more Byzantine theoretical contortions, as the models repeatedly fail to fit the facts."
  • In the Age of Trump, Will Democrats Sell Out More, Or Less? - Matt Taibbi at Rolling Stone: "[…] framing every single decision solely in terms of its utility in beating the Republicans leads to absurdities. Not every situation is a ballot with Ralph Nader on it. The Democrats insisted they had to support the Iraq War in order to compete with Bush, but they ended up not competing with Bush anyway and supporting a crappy war that no sane person believed in. All it won Democratic voters in the end was a faster trip into Iraq, and the honor of having supported the war at the ballot box."
  • Third Bailout and the Third Punic War - John Weeks, guestblogging at TripleCrisis: "In pursuit of setting “the EU’s political agenda,” [president of the European Council, Donald] Tusk cemented his right-wing credentials by stating publicly that “I am really afraid of this ideological or political contagion, not financial contagion, of this Greek crisis.” Lest anyone miss his point, the former Polish prime minister went on to say that his concern was caused by the “radical leftist illusion that you can build some alternative” to the EU’s neoliberal economic model."
  • The Down Under book and film remind us our copyright law’s still unfair for artists - Nicolas Suzor and Rachel Choi from QUT in The Conversation: "Greg Ham’s flute riff is exactly the kind of tribute that imposes no costs on the original creator. Both the documentary and the book point out that, in fact, this is not just harmless copying of copyright expression – it’s exactly the kind of creativity that Australian copyright law should encourage."
  • The Politics of Economics and ‘Very Serious People’ - Mark Thoma in the Fiscal Times: Mark reflects on Henry's article. I find his conclusion that "when the economics and politics are at odds, as they often are on issues such as free trade and immigration, the economics must prevail" unsatisfyingly utilitarian. Moral, and consequently political, considerations must precede any determination of desirable economic outcomes.
  • 12 Good and Bad Parts of Online Education - Mark Thoma again: I agree that internal v. online education is an apples and oranges comparison. Which is why the latter shouldn't be used as a blanket cut-price alternative to the former. There is nothing intrinsically wrong with online education, provided the delivery mode suits the subject matter.
  • Neoliberal realpolitik: choking others in our name - Markha Valenta, openDemocracy: "In this way, the deaths of the 20,000 migrants who have perished on Europe’s iron doorstep in the face of ever more stringent surveillance, policing, and legislation – barbed wire fences slicing feet, hands, grazing any bit of brown skin, border guards beating those they catch; whole seas and generations of fish fed on their drowned bodies; roads stained by their truck-crushed carcasses – all these dead are said to have only themselves to blame."
  • New Labour is 'unelectable' - Amit Singh at openDemocracy: "It is Jeremy Corbyn, not the other candidates, who is targeting the majority of voters who shunned the Tories (and also shunned Labour). This is why he is becoming so popular, because an anti-austerity, social justice message does have scope. […] Just look at the shadow cabinet who all look so quintessentially Blair, and so similar to their Tory opponents. They went to the same sort of schools, the same sort of universities and worked the same sort of corporate jobs before becoming politicians. People don't want New Labour, that's abundantly clear. The only people who want New Labour are Labour."
  • Yanis Varoufakis is being pilloried for doing what had to be done - Philippe Legrain at the Guardian: I have two observations: a) In what way was Varoufakis "outspoken" during his tenure as finance minister? This is a man who presumably had to pack his tongue in ice every evening after a long day biting it. And b) Tax(/council rate) credits also seem to be a jolly sensible solution to less extreme forms of fiscal imbalance, such as that suffered by municipal councils, as well as encouraging local economic development.
  • We took a tour of the abandoned college campuses of Second Life - Patrick Hogan in some sort of clickbaity thing called Fusion: I daresay I could find you a clutch of administrators (yes, that is the collective noun) at Aussie Swazi University still prepared to put money (not their own, of course) on our inevitable Second Life future. Some of them have even caught on to this up and coming thing called MOOCs. What if you could do a MOOC in Second Life? Just imagine yourself in this compellingly immersive virtual environment that's almost exactly like sitting alone at home in front of the computer, in your underpants, doing an online multiple choice quiz!
  • Dentists and Skin in the Game - Paul Krugman, NYT: "As it turns out, many fewer people have dental insurance than have general medical insurance; even where there is insurance, it typically leaves a lot of skin in the game. But dental costs have risen just as fast as overall health spending, and it may be that the reduced role of insurers actually raises those costs."
  • A Most Peculiar Friendship - Yanis Varoufakis: "Tories like Lord Lamont and lefties of my sort may disagree strongly on society’s ends. But we agree that rules and markets are means to social ends that can only be determined by a sovereign people through a Parliament in which that sovereignty is vested."
  • The Defeat of Europe – my piece in Le Monde Diplomatique - Yanis Varoufakis: "No European people should ever again be put in a position of negotiating in fear. For that to happen, Europeans must not fear to negotiate a European New Deal that restores the dream of shared prosperity within a democratic polity. If we fail, barbarism will rise up from within. For a continent that has generated the best and the worst humans are capable of, this ought to be a sobering thought."
  • The socialist objective - John Quiggin: "So, it’s pretty clear that removing the socialist objective is not a matter of moving away from a dogmatic commitment to public ownership. Rather, it means abandoning any notion that Labor aspires to change society for the better, or that it has any fundamental disagreement with market liberals."
  • Bailout Money Goes to Greece, Only to Flow Out Again - Jack Ewing and Liz Alderman: "Since 2010, Greece has received €227 billion from other eurozone countries and the I.M.F. Of that, €48.2 billion went to replenish the capital of Greek banks, according to MacroPolis, an analytics firm based in Athens. More than €120 billion went to pay debt and interest, and around €35 billion went to commercial banks that had taken losses on Greek debt."
  • Every club should be like Labour – you can’t join as a new member unless you’re already a member - Mark Steel at the Independent (via Simon Wren-Lewis): "Because the most important job for any political leader, as we’re told every day, is to 'stay in the centre ground'. You could argue a true leader tries to change the centre ground, but that’s romantic nonsense. So a sensible Labour leader in the year 1500 would have said: 'It’s all very well Jeremy Corbyn promising to stop burning witches, but that will lose us the election by abandoning the centre ground.'"
  • In conversation with El Pais (Claudi Pérez), the complete (long) transcript - Yanis Varoufakis: Q: "I think that is a uncontroversial: your ideas about austerity and debt relief, everybody says you are right." A: "If you were talking to me in January it would not have been so. The only reason why now this is not controversial anymore is because we struggled for six months. For those who say to me we failed, these six months were in vain, I say “No we did not fail”. Now we have a debate in Europe which it’s not just about Greece, it’s about the continent. A debate we would have not had otherwise."

Sunday, 16 August 2015 - 8:58pm

Published by Matthew Davidson on Sun, 16/08/2015 - 8:58pm in

This week, I have been mostly reading:

  • What Is Detected? - Carl Straumsheim, InsideHigherEd: "'We say that we’re using [Turnitin] in order to teach students about academic dishonesty, but we’re using software we know doesn’t work,' Schorn said. 'In effect, we’re trying to teach them about academic dishonesty by lying to them.'"
  • The Nauru Inquiry Proves We Can't Outsource Our Ethical Obligations To Asylum Seekers - Max Chalmers, New Matilda: "Nauru cannot do the job. […] It does not have the resources, the independent judiciary and police, let alone the political will to attend to the allegations arising from the detention centre. They will not be resolved. But offshore processing has never been about resolving problems. It’s about outsourcing them."
  • Who Will Nudge the Nudgers? - Timothy Taylor: "Insights from behavioral economics applied to consumers, workers, savers, investors, and firms often suggest some basis for government actions to "nudge" behavior in other directions. But it seems plausible to me that behavioral economics as applied to government will suggest that a number of existing government actions are misdirected or misconceived. And when that happens, it's not clear who will "nudge" government in appropriate directions."
  • Authoritarian capitalism in modern times: when economic discipline really means political disciplining - Peter Bloom st openDemocracy: "Authoritarian policies once reserved for the “developing” world have now come home to the west. Greece is just the latest example of a capitalism that respects democracy only so long as it profits elite stakeholders."
  • Donald Trump Has the GOP Establishment’s Number - E.J. Dionne Jr. at Truthdig: "Trump struck again on Wednesday, tweeting a picture with another of his Donald-come-lately critics, former Texas Gov. Rick Perry, 'in my office last cycle playing nice and begging for my support and money. Hypocrite!'" Hey, you guys can't touch me. I'm my own PAC!
  • Depression’s Advocates - Brad DeLong at Project Syndicate: "Not only have policymakers in the eurozone insisted on repeating the blunders of the 1930s; they are poised to repeat them in a more brutal, more exaggerated, and more extended fashion. I did not see that coming."
  • Speech to Labor National Conference - Julian Burnside: "Labor today looks like a weak centre-right party which does not believe in itself. A party that believes in nothing except power will end up with nothing at all."
  • Europe in its Labyrinth, Greece on its Knees - Matías Vernengo, the Wire: "Krugman adds that the destruction of the European project is not Greece’s fault. However, this view seems to assume that the European project is still the old social-democratic project of the Treaty of Rome, the one that was designed with the failures of the inter-war period and the European Civil War, as Keynes referred to the Great War, in mind, and that was acceptable to the United States in the context of the Soviet menace. The actual project being defended by the European Commission today is the other one – the neoliberal project – and it is doing just fine."
  • Varoufakis – a new kind of politics? - Paul Tyson, openDemocracy: "A politician who is ‘realistic’ must simple comply with the extra-state non-democratic dictates of high power if their own position within the tree of power is to be preserved. Here even big players, such as Chancellor Merkel, are pawns."
  • How Labor Right sneaked turnbacks through National Conference - Independent Austrralia: "Bill Shorten and the Right leadership team, the source said: "... are petrified of the mainstream/Murdoch media responding to a Left win on the floor of the conference with a headline that says 'Socialist Left controls Labor Party' or 'Radical Left controls Bill Shorten'. That's why Labor's conference is furiously agreeing on almost all amendments.""
  • Going Mainstream - Craig Murray: "The sheer panic gripping the London elite now is hilarious to behold. Those on the favoured side of Britain’s enormous wealth gap are terrified by the idea that there may be a genuine electoral challenge to neo-liberalism, embodied in one of the main party structures. This is especially terrifying to those who became wealthy by hijacking the representation of the working class to the neo-liberal cause."
  • The last thing Labour needs is a leader like Jeremy Corbyn who people want to vote for - Mark Steel at the Independent: "If you look at Corbyn’s record it’s clear he just can’t win elections. In his constituency of Islington North he inherited a majority of 4,456, which is now 21,194. He’s one of the few Labour MPs whose vote increased between 2005 and 2010, when he added 5,685 to his majority. This is typical of the man, defying the official Labour policy of losing votes and getting more of them instead, just to be a rebel."
  • Why I Support the BDS Movement Against Israel - Chris Hedges at Truthdig: "Israel is not an anomaly. It is a window into the dystopian, militarized world that is being prepared for all of us, a world with vast disparities of income and draconian systems of internal security. There will be no freedom for Palestine, or for those locked in our own internal colonies and terrorized by indiscriminate police violence, until we destroy corporate capitalism and the neoliberal ideology that sustains it."
  • The Web We Have to Save - Hossein Derakhshan, Medium: "The web was not envisioned as a form of television when it was invented. But, like it or not, it is rapidly resembling TV: linear, passive, programmed and inward-looking. When I log on to Facebook, my personal television starts. All I need to do is to scroll: New profile pictures by friends, short bits of opinion on current affairs, links to new stories with short captions, advertising, and of course self-playing videos. I occasionally click on like or share button, read peoples’ comments or leave one, or open an article. But I remain inside Facebook, and it continues to broadcast what I might like. This is not the web I knew when I went to jail. This is not the future of the web. This future is television."
  • So this company Cyagen is paying authors for citations in academic papers - Ben Goldacre: "The business model is very specific: if you cite them in an academic paper then you get $100, multiplied by the Impact Factor of the journal (a widely used measure of the journal’s influence). So if you cite them in the New England Journal of Medicine, which has an impact factor of 56, then you will receive $5600 from Cyagen. If you cite them in the British Medical Journal, you get $1700. And so on."

Sunday, 9 August 2015 - 9:42pm

Published by Matthew Davidson on Sun, 09/08/2015 - 9:42pm in

This week, I have been mostly reading:

  • Euro MOA+MOE plus Drachma MOE - Nick Rowe, Worthwhile Canadian Initiative: "Suppose your country (call it 'Greece') is in recession, because there is an excess demand for money (call it 'Euros'). And suppose that the Euro is both Medium of Account (prices are quoted in Euros) and Medium of Exchange (all other goods are bought and sold for Euros). Now suppose your government introduces a new currency (call it 'Drachmas'). […]"
  • Growth in the ‘Gig Economy’ Fuels Work Force Anxieties Noam Scheiber: "'In the past, firms overstaffed and offered workers stable hours,' said Susan N. Houseman, a labor economist at the W. E. Upjohn Institute for Employment Research. 'All of these new staffing models mean shifting risk onto workers, making work less secure.'"
  • IMF: Most misleading sentence ever? - Mean Squared Errors: "In summary, when the IMF writes about the the failure to implement the program as assumed, this is the sort of thing is has in mind: the "failure" of the Greek government to find anyone willing to pay €11.5 billion for a stake in banks that require daily injections of liquidity from the ECB simply to keep the cash machines full. "
  • Killing the European Project - Paul Krugman, NYT: "In a way, the economics have almost become secondary. But still, let’s be clear: what we’ve learned these past couple of weeks is that being a member of the eurozone means that the creditors can destroy your economy if you step out of line."
  • The problem of Greece is not only a tragedy. It is a lie. - John Pilger: "Like the Labour Party in Britain and its equivalents among former social democratic parties such as the Labor Party in Australia, still describing themselves as "liberal" or even "left", Syriza is the product of an affluent, highly privileged, educated middle class, "schooled in postmodernism", as Alex Lantier wrote."
  • The 9 charts that show the 'left-wing' policies of Jeremy Corbyn the public actually agrees with - Matt Dathan and Jon Stone at the Independent: "Tony Blair has described some of Mr Corbyn's policies as “old-fashioned" but it turns out the public agree with a lot of them."
  • Tomgram: Tim Weiner, The Nixon Legacy - Tom Englehardt introduces an excerpt from Weiner's One Man Against the World: The Tragedy of Richard Nixon: "[…] Richard Nixon was never at peace. A darker spirit animated him -- malevolent and violent, driven by anger and an insatiable appetite for revenge. At his worst he stood on the brink of madness. He thought the world was against him. He saw enemies everywhere. His greatness became an arrogant grandeur."
  • On the Euro Summit’s Statement on Greece: First thoughts - Yanis Varoufakis: "The recent Euro Summit is indeed nothing short of the culmination of a coup. In 1967 it was the tanks that foreign powers used to end Greek democracy. In my interview with Philip Adams, on ABC Radio National’s LNL, I claimed that in 2015 another coup was staged by foreign powers using, instead of tanks, Greece’s banks. Perhaps the main economic difference is that, whereas in 1967 Greece’s public property was not targeted, in 2015 the powers behind the coup demanded the handing over of all remaining public assets, so that they would be put into the servicing of our un-payble, unsustainable debt."
  • Exclusive: Yanis Varoufakis opens up about his five month battle to save Greece - Harry Lambert - New Statesman: "By resigning and not signing a deal he abhorred, he has kept both his conscience free and his reputation intact. His country remains locked in a trap he spent years opposing and months fighting, but he has escaped."
  • Roach Motel Economics - Paul Krugman at the New York Times: "So we have learned that the euro is a Roach Motel — once you go in, you can never get out. And once inside you are at the mercy of those who can pull your financing and crash your banking system unless you toe the line."
  • [Australian Federal Police] using hacking software from group aiding human rights abusing nations - Murray Hunter at IA: Because it's there.
  • Yanis Varoufakis Hits Australian Radio To Denounce Greek Bailout Deal As 'New Versailles' - Max Chalmers, New Matilda: "It’s got nothing to do with putting Greece back on the rails towards recovery. This is a new Versailles treaty which is haunting Europe again – and the Prime Minister knows it. The Prime Minister knows he’s damned if he does and damned if he doesn’t."
  • In defence of welfare - Chris Dillow: "For one thing, welfare acts as a form of automatic stabilizer; higher welfare spending in bad times helps to support aggregate demand and so moderates recessions. […] And it protects us all. Benefits aren't so much a payment to claimants as a payment through claimants. They are spent at Primark and Lidl, and so support employment there. The distinction between welfare and work is therefore a false one; welfare helps to create jobs."
  • Greece and Trust - Simon Wren-Lewis: "The narrative about failing to deliver is just an attempt to disguise the fact that the Troika has largely run the Greek economy for the last five years and is therefore responsible for the results."
  • Perpetual war creates endless consequences - Norman Solomon at Al Jazeera America: "While the automation of Uncle Sam’s killing-at-a-distance has sharply reduced American casualties, it has increasingly rendered the U.S. war path as the main avenue for pursuing its goals. And the nation’s top leaders, as well as the military contractors that profit from this tendency, appear to like it that way."
  • Kid Stuff - Molly Knefel, the New Inquiry: "The very important end-of-year test featured in the little girl’s play is used to hold other kids back, fire their teachers, and close their schools. The test is written not for them to succeed, but for them to fail."
  • On Paleo and Faith in Government - Mike Konczal at the Roosevelt Institute: "What strikes me about this argument is that the Republicans have no less faith [than Democrats] in the power of government. They have faith that the government can privatize social insurance in a way that won’t involve weaker security and higher costs. They have faith that if the government gives employers wage subsidies for poorer workers, employers won’t simply pocket them in wage bargaining. They have faith, against evidence, that the government having no taxes on capital will cause a boom in private investment. They have faith that the government cutting taxes will more than make up the lost revenue. Their faith leads them to conflate building a robust civil society and economic security with laissez-faire economics."
  • Neoliberal moralism and the fiction of Europe: a postcolonial perspective - Sadia Abbas, openDemocracy: "Sometimes the virulence of the German response seems to suggest that the Germans cannot forgive actually existing Greeks for being inconveniently and insistently who they are, given the importance of ancient Greece to the German intellectual imagination. At the risk of being florid, it's inconvenient for that imagination that Greeks are not just broken statues, stripped of paint, in the world's museums. "
  • The true Greek tragedy - James Meadway at the NEF blog: "The euro’s flaws have been known from the start. In a stunningly prescient essay, written in 1992 as the Maastricht Treaty that paved the way for the single currency neared ratification, economist Wynn Godley predicted the outlines of the present crisis for Greece: “If a country or region has no power to devalue, and if it is not the beneficiary of a system of fiscal equalisation, then there is nothing to stop it suffering a process of cumulative and terminal decline leading, in the end, to emigration as the only alternative to poverty or starvation.” Without exit, this now looks like the future."
  • Dr Schäuble’s Plan for Europe: Do Europeans approve? – English version of my article in Die Zeit: "The euro crisis has expanded this lacuna at the centre of Europe hideously. An informal body, the Eurogroup, that keeps no minutes, abides by no written rules, and is answerable to precisely no one, is running the world’s largest macro-economy, with a Central Bank struggling to stay within vague rules that it creates as it goes along, and no body politic to provide the necessary bedrock of political legitimacy on which fiscal and monetary decisions may rest."
  • Are We Seeing the End of Homeopathy? - Steven Novella: "There is even a possibility that the FDA will decide to do their actual job – require testing of homeopathic products to demonstrate efficacy before allowing them on the market. If they do this simple and obvious thing, the homeopathic industry in the US will vanish over night, because there is no evidence to support any homeopathic product for any indication. They will have to endure the outrage of quacks, charlatans, and the deluded, but hey, that’s their job. Suck it up."
  • Oprah Winfrey: one of the world's best neoliberal capitalist thinkers: "Nothing captures this ensemble of ideological practices better than O Magazine, whose aim is to 'help women see every experience and challenge as an opportunity to grow and discover their best self. To convince women that the real goal is becoming more of who they really are. To embrace their life.' O Magazine implicitly, and sometimes explicitly, identifies a range of problems in neoliberal capitalism and suggests ways for readers to adapt themselves to mitigate or overcome these problems. […] We are the perfect, depoliticized, complacent neoliberal subjects."
  • Greece, Europe, and the United States - Jamie Galbraith in Harpers: "SYRIZA was not some Greek fluke; it was a direct consequence of European policy failure. A coalition of ex-Communists, unionists, Greens, and college professors does not rise to power anywhere except in desperate times. That SYRIZA did rise, overshadowing the Greek Nazis in the Golden Dawn party, was, in its way, a democratic miracle. SYRIZA’s destruction will now lead to a reassessment, everywhere on the continent, of the 'European project.'"
  • The Beer IneQuality Index - Frances Wooley: Producers operating in high-regulation, high-unionisation environments must compete on quality rather than price. So laissez-faire means crappy beer.
  • Dominique Strauss Kahn, addressing “German friends” - via Yanis Varoufakis: "We are expending all our energies on infighting and running the risk of triggering a break-up. This is where we are. A eurozone, in which you, my German friends, would lay down your law with a few Baltic and Nordic states in tow, is unacceptable for all the the rest."
  • Between Free Speech and Bureaucracy: Anarchist Political Theory and a Way Forward for Reddit - David Banks at the Society Pages: "At the very least come up with some sort of aspirational progressive vision of what kind of community you want to have and persuade others that they should work to achieve it. This sort of move is the biggest departure that anarchist political theory takes from mainstream liberalism: that communities can agree on the features of a future utopia and govern in the present as if you are already free to live that future utopia. Organizing humans with blanket laws forces you to explain the obvious, namely that hateful people suck and should be persuaded to act otherwise if they wish to remain part of a community that is meaningful to them."

Sunday, 2 August 2015 - 9:17pm

Published by Matthew Davidson on Sun, 02/08/2015 - 9:17pm in

This week, I have been mostly reading:

  • Blame Society, Not the Screen Time - danah boyd in the New York Times: "[Children] aren’t addicted to the computer; they’re addicted to interaction, and being around their friends. Children, and especially teenagers, don’t want to only socialize with parents and siblings; they want to play with their peers. That’s how they make sense of the world. And we’ve robbed them of that opportunity because we’re afraid of boogeymen."
  • Meet the Master of the Old-School Clicky-Clacky Keyboard - Matt Jancer at Wired: "Mechanical (or clicky) keyboards improve typing speed and help eliminate carpal tunnel syndrome—but the real draw is the tactile feel of typing on a real keyboard; it’s the reaction of feeling the physical switches under the keys. That “feeling” is exemplified by the Model M, and has helped create a surprisingly large market for a 30-year-old piece of equipment that weighs five pounds." At one stage I had loads of these. Why did I ever let them go?
  • MIT Media Lab Knotty Objects: Phone: "This video is one of a series of videos in collaboration between m ss ng p eces and MIT Media Lab for the Knotty Objects Summit, the first MIT Media Lab Summit devoted to design."
  • What is "derp"? The answer is technical. : "English has no word for "the constant, repetitive reiteration of strong priors". Yet it is a well-known phenomenon in the world of punditry, debate, and public affairs. On Twitter, we call it "derp"."
  • Why a Meaningful Boost for Those at the Bottom Requires Help From the Top - Noam Scheiber, NYT: "'We should not see this as hitting the top so that the bottom looks good in comparison,' Mr. Saez said in an email. Rather, he said, it’s about preventing the rich from vacuuming up the gains that might otherwise go to the rest of the population."
  • Welfare economics and the Greek crisis - Branko Milanovic: The usually spot-on Milanovic is way off here. GDP per capita is not a valid measure of general welfare if you are, like Greece, a country rich in oligarchs (not to mention unemployment).
  • The Hidden Nasties In Australia's New Free Trade Deal - Ben Eltham, New Matilda: We call it free trade, you call it union busting. Let's not quibble over terms.
  • Of clowns and treasurers - Richard Denniss in The Monthly: Really good long read, basically debunking VSPs, the Confidence Fairy, and the economist on the telly who's a banker, not an economist.
  • EU Infrastructure Undermines Sovereignty - Michael Hudson: "A genuine market economy would recognize financial reality and write down debts in keeping with the ability to be paid, but inter-government debt overrides markets and refuses to acknowledge the need for a Clean Slate. Today’s guiding theory – backed by monetarist junk economics – is that debts of any size can be paid, simply by reducing labor’s wages and living standards plus selling off a nation’s public domain – its land, oil and gas reserves, minerals and water distribution, roads and transport systems, power plants and sewage systems, and public infrastructure of all forms. […] No wonder Greek Finance Minister Yanis Varoufakis called the Troika’s negotiating position 'financial terrorism.' Their idea of 'negotiation' is surrender. They are unyielding. Official creditor institutions threaten to isolate, sanction and destroy entire economies, including their industry as well as labor. It transforms the 19th-century class war into a purely destructive meltdown."
  • Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel -  Thomas Piketty, Jeffrey Sachs, Heiner Flassbeck, Dani Rodrik and Simon Wren-Lewis - The Nation: "Now is the time for a humane rethink of the punitive and failed program of austerity of recent years and to agree to a major reduction of Greece’s debts in conjunction with much needed reforms in Greece."
  • Yanis Varoufakis, James Dean of the European left - Philippe Marlière, openDemocracy: "He became the most hated of Syriza’s ministers in the other European capitals, and rightly so. Pragmatic, sure of himself but never arrogant, competent, funny, learned, an elegant speaker of English, Varoufakis is an atypical character in the desolate landscape of the European radical left. For all these reasons, his capitalist enemies of all creeds sniffed out the threat: Varoufakis had become the man to topple."
  • Yanis Varoufakis is being pilloried for doing what had to be done - Philippe Legrain, The Guardian: "Greece’s outspoken former finance minister has long been loathed by his erstwhile eurozone counterparts, on whom he counterproductively impressed their mediocrity." The truth hurts.
  • Debt Deflation in Greece - Paul Krugman, NYT: "However things play out from here — I find it hard to see a path other than Grexit — the troika’s program for Greece represents one of history’s epic policy failures. Even if you ignore the economic and human toll, it was an utter failure in terms of restoring solvency. In 2009, before the program, Greek debt was 126 percent of GDP. After five years, debt was … 177 percent of GDP."
  • Hacking Team Emails Expose Proposed Death Squad Deal, Secret U.K. Sales Push and Much More - Ryan Gallagher, The Intercept: "A presentation prepared by Hacking Team for a surveillance conference in South Africa later this month shows the company complaining about the “chilling effect” that it claims regulation of surveillance technology is having on the ability to fight crime. The presentation singles out the organizations Hacking Team views as its main adversaries, noting that it is a “target” of groups such as Human Rights Watch and Privacy International and warning that “democracy advocates” are putting pressure on governments."
  • A Pain in the Athens: Why Greece Isn't to Blame for the Crisis - Mark Blyth in Foreign Affairs: "Think about it this way. If 230 billion euro had been given to Greece, it would have amounted to just under 21,000 euros per person. Given such largess, it would have been impossible to generate a 25 percent unemployment rate among adults, over 50 percent unemployment among youth, a sharp increase in elderly poverty, and a near collapse of the banking system—even with the troika’s austerity package in place."
  • A Day in the Life of a Prisoner - "Trevor" in The Society Pages, from prison: "In a discussion group with college students not long ago, after describing some of the opportunities available here in the penitentiary in which I reside, one student asked me if we as prisoners deserved such opportunities. I paused before answering that society deserves us to have such opportunities, because if we do not come out of prison with more skills and a more productive mindset then we came in with, we are destined to once again fail society."
  • Why Greek debt is a problem - Henry Farrell at Crooked Timber: "The story of the eurozone’s relationship with Greece post-crisis is a story of external powers trying to restructure an entire political system from outside, using the crude tools of control that are available to them. The situation is somewhere between the kinds of Washington Consensus restructuring and conditionality that the IMF used to impose as a quid-pro-quo for emergency loans to countries in crisis, and the massive efforts to restructure the political systems of Afghanistan and Iraq post invasion."
  • Direct aid, subsidies, tax breaks – the hidden welfare budget we don’t debate and The £93bn handshake: businesses pocket huge subsidies and tax breaks Aditya Chakrabortty at The Guardian: "Researchers and civil servants know a lot about the individuals who claim hundreds in, say, employment support allowance: every last cough, spit and missed appointment at the jobcentre. Yet of the big companies that rake off millions in direct grants, taxpayers often hear very little. The result is that the public do not know where billions of their own taxes are going."
  • Germany won’t spare Greek pain – it has an interest in breaking us - Yanis Varoufakis in the Guardian: "Five months of negotiations ensued under conditions of monetary asphyxiation and an induced bank-run supervised and administered by the European Central Bank. The writing was on the wall: unless we capitulated, we would soon be facing capital controls, quasi-functioning cash machines, a prolonged bank holiday and, ultimately, Grexit."
  • Feedbags - Rob Horning at the New Inquiry: "You don’t control an algorithm by feeding more information to it; you teach it to control you better. Facebook has always deferred to users because that deference allows it to gain more information that can be presumed more accurate than what it can merely infer. And it has never wanted to tell us what to find meaningful; it wants only to inscribe Facebook as the best place in which to discover our sense of meaning. "

Sunday, 19 July 2015 - 10:13am

Published by Matthew Davidson on Sun, 19/07/2015 - 10:13am in

This week, I have been mostly reading: