OK Boomers & Millenials, Buckle-Up

Via Marginal Revolution: Larry Summers on Elizabeth Warren’s plan to finance Medicare:

‘This time seems different. Judged relative to gross domestic product, the Medicare-for-all program dwarfs the federal spending hikes of the New Deal and the Great Society. Presidents Franklin D. Roosevelt and Lyndon B. Johnson emphasized that their new benefits would be paid for by contributions from their middle-class beneficiaries. With Warren’s plan, it is the combination of vast new entitlements with total reliance on the top 1 percent for revenue that puts us in uncharted and, I fear, dangerous territory.’

From the outside looking in: I can see some older, Democratic coalitions of working voters migrating towards Trump’s populism, as identity politics seems to have become a main platform of that party.  Civil Rights and social justice activism have become quite influential, as well.  The radicals (anarchists, antifa, Socialists, Communists, etc) are still around, of course, probably in a tense relationship with any party structure.

Larry Summers, briefly became a witch.

It looks like for some young people, Democratic Socialism is a respectable option.

As for my own political coalitions, I suppose I’m on the lookout for anyone reasonable, including old-guard liberals and libertarians (more likely to be pro-market, traditional, less dependent upon radical utopianism). Beneath the old guard I see many people forming  ‘-Ism’ coalitions, with varying degrees of experience and knowledge in their respective domains, whatever you may think of those domains’ knowledge claims (feminism, environmentalism, globalism, collectivism etc).  Such folks have demands which will express themselves through coalition-building, institutional administrative structures, bureaucracy, media hierarchies and party politics.

As to individuals, I try to take folks as they come, and hope they do the same for me.

As posted:

Oliver Traldi at Quillete reviews Mark Lilla- ‘The Once And Future Liberal: After Identity Politics

‘Lilla’s own explanation of his liberalism, given by the book’s structure, is that politics is liberal by definition.

and:

‘Lilla clearly thinks he is making a pragmatic case, but he does not engage with any empirical political science; no numbers of any kind—polls, turnout, what have you—appear in the book.’

Despite the narrowness of understanding and lack of empirical rigor on display (liberal political idealism is the lingua franca of many a humanities department), I don’t mind Lilla’s plea for more national unity and moderate party politics in American life.

Do I really think Democrat donor parties claiming national greatness, neo-liberal economics and an evening of Beatles songs at the Kennedy Center are enough to placate the activists and radicals?

No.

Do I think the old conservative guard and National Review cruises are going to unite the populist, angry and economically left-behind members of the Right, including some actual race-mongers and dangerous ideologues?

No.

Repost-Quotation From Charles Kesler And A Few Thoughts on Conservatism

See the previous post.The Intellectual Cowardice Of The Crowd-Charles Murray At Middlebury College

Charles Murray’s Account Of The Middlebury College Affair

Link To Roger Scruton’s First Of Three Charles Test Lectures Hosted By Princeton University

From The Internet Encyclopedia Of Knowledge: Immanuel Kant And Utilitarianism

‘I Am Combing,’ She Whispered, ‘Los Angeles Out Of My Hair.’ Did America Stagnate Economically Around 1972 And Has Its Cultural Avant-Garde Increasingly Become Nihilistic?

Regarding the above conversation between writer Bret Easton Ellis and mathematician Eric Weinstein:  Both men tell coming-of-age tales as Gen Xer’s during the early 1980’s;  a glamourized, somewhat nihilistic youth culture and a deep personal freedom.

I’ve been to L.A. a few times (Raymond Chandler kept me going when I was far away from my language) and David Hockney has captured some of the light and landscape of that particular place.

We all have likely have some contact with Los Angeles through the movies, and particular stylized visions of it:

It can seem vapid and empty; fake and dark.

Sometimes, the hills burn:

‘I am combing,’ she whispered, ‘Los Angeles out of my hair.’

Here’s Tom Wolfe, referring to Californians in this piece by Michael Anton:

‘Noyce was like a great many bright young men and women from Dissenting Protestant families in the Middle West after the Second World War. They had been raised as Baptists, Methodists, Congregationalists, Presbyterians, United Brethren, whatever. They had been led through the Church door and prodded toward religion, but it had never come alive for them. Sundays made their skulls feel like dried-out husks. So they slowly walked away from the church and silently, without so much as a growl of rebellion, congratulated themselves on their independence of mind and headed into another way of life. Only decades later, in most cases, would they discover how, absentmindedly, inexplicably, they had brought the old ways along for the journey nonetheless. It was as if . . . through some extraordinary mistake . . . they had been sewn into the linings of their coats!

Does L.A. or the music made there even have a center?:

More broadly, in interacting with many Millenials I often find myself thinking: What the hell happened to a rough and ready sense of independence, freedom and responsibility? Am I alone in my deeper sense of patriotism, gratitude and a skepticism regarding the new, emergent rules?

Freedom of Speech!  America!

Whatever,’ comes the reply.  ‘We’ll see.

Am I just living in a post-60’s and post-Boomer bubble myself?  To some extent, yes.

Generation Birth Years
Silent Generation 1925-1945
Boomers 1946-1964
Gen X 1965-1979
Millenials 1980-1995
Next 1996-

Weinstein’s argument as I understand it:  Something fundamental shifted around 1972 in American economic and institutional life.  It’s when a previously more explosive rate of economic growth stalled.  Since that time, most folks within our academic, cultural and political institutions simply haven’t adjusted.

It’s harder to get into many housing markets now, and it’s harder to compete with global labor for jobs and academic positions.  Our current politics is a clown-show (for many reasons). Much stagnation has ensued, and many of our current institutional hierarchies might just possess dark, unspoken ponzi knowledge at their hearts.

The sooner you got in, the better off you are.

If such a theory be true, these conditions can easily erode a basic sense of fairness, institutional trust and continuity.  This could allow more space for the postmodern and nihilist drift both men discuss, and the growing desire for (S)elves looking for (C)ommunities and rules.  EQUALITY now.  More space for Socialism.  Anarchy.  More space for a retreat from the public square into one’s family and church.

Such a theory just might also stroke the egos of people who think of themselves as relatively independent, such as myself.

Dear Reader, I’ve got to watch out for that.  I like to think of myself as ahead of some curves.

Weinstein:

‘Increasingly the research seemed to show that interventions by government, universities and industry in the US labor market for scientists, especially after the University system stopped growing organically in the early 1970s were exceedingly problematic.’

A few more thoughts and personal experiences as an undergraduate English major which support the theory:  There were plenty of talented undergrads, sure, but there were also clearly not enough slots to develop and mature their talents within the institutions.

A writing MFA?  Don’t be a sucker.

The older the professor, usually the more rigorous and focused the teaching.  The higher the expectations and the less existential questions of pedagogy there were.  Fewer ontological questions of Self in the World emerged as confessional blank verse and personalized syllabi.

Later on, briefly (you should be as happy as I am I’m not a lawyer), I saw legal education displaying similar troubling trends, even though law requires a clearer logical and objective rigor:  All the top-tier law grads were vying for teaching spots at second and third-tier law schools.  If you started at a second or third-tier law school….good luck.

Don’t be a sucker, now.  Find your (S)elf.  Freedom is next.

Repost-Neither Commerce Nor Contemplation, Exactly?

Perhaps aestheticizing a city isn’t necessarily good for long-term prospects, at least not at the cost of actual jobs. Maybe it’s at best a second- or third- order priority.

Perhaps aestheticization can bring good to a city if there are already enough people providing goods in the city. Curating and criticizing art can be valuable, of course, but both seem second- or third-order priorities to actually making art (citizens, be wary of leaving arts in the hands of many enbalment-oriented Arts Councils, public radio and college professors, docents, Mayor’s Offices…they [often] have other interests and incentives aside from the art).

There are some things (bullshittery) which don’t sit right with me about the below video, this packaging of chocolate with high middle-brow tastes and vague Self-oriented hipster collectivism.

It strikes me as the kind of thing people from smaller towns and suburbs might imagine an ideal city to be on a visit, which is to say, potentially imbued with a lot of high middle-brow tastes these days (creative, urban, vibrant etc).

Such is my read, anyways, which probably says quite a bit about me.

The Mast Brothers invite customers into their process. They’re giving you bits of their individual Selves to mix with your individual Self as you band together towards the future that awaits. Come to the glittering Brooklyn upon the horizon.

Few chocolate-makers take pains to mention Mark Twain & Ralph Waldo Emerson in their promo videos:

From The American Conversative: ‘The Gentrification Trade-Off In Buffalo:’

‘Hidden away in the far western corner of New York State and straddling the Canadian border, Buffalo sometimes feels like the city that time forgot. Many of its storefronts, bars, and bowling alleys look like they haven’t been updated since the 1970s.’

Vincent Gallo has Italian roots and comes from an industrial, hard-working city full of Catholic immigrants and is also interested in the Arts. He was a visual artist who went to NYC, then L.A., and turned to film as a means to self-expression and potential financial success. Did he want Celebrity? Money? Fame?

This, apparently, is one aspect of ‘culture’ that’s been created:  The pursuit Self through celebrity, money and fame, as a thing that many, many people all share as an artifact of ‘culture.’

Probably all of the above in addition to self-expression and the pursuit of beauty and saying true things by creating images.

I can say it’s rare to find a tradition-defending aesthete and iconoclastic supporter of the Republican party. Maybe it’s the Buffalo roots.

It makes for great T.V. taking on the critics in a USA track-suit while defending the vision behind ‘Buffalo 66‘, even though he seems like, potentially, quite an asshole:

American cities relying on industries such as textiles, furniture, various light and heavy manufacturing, railroads, steel, coal, oil, automobiles etc. have seen good times come and go.

Sometimes the good times came and went one generation ago, sometimes three. Buffalo is certainly among those cities.

Will the good times come again?

It’s certainly making for ‘interesting’ politics.

The arts can be one lens with which to look at these problems and places…

Repost-Ah, Look At All The Lonely People-‘Jeff Koons Is Back’ Via Vanity Fair

-Banksy’s website here. Newsweek’s piece: ‘See You Banksy, Hello Invader.

I’d argue that it’s possible, especially with the constant cries of modernism to ‘make it new,‘ I think this is one way we’ve arrived at pop art, and the desire to blend conceptual art and popular music together. This is in evidence from The Talking Heads to Lady Gaga to Jay Z promoting his new album alongside Marina Abramovic at MOMA.

Another lens to understand the world as a citizen is the social sciences, and this blog favors the contrarians amongst what is increasingly monolithic and received opinion:

Here’s a fine example of how to exchange ideas. Two people gather in a forum to present and dispute the data used, the methodologies applied, the empirical evidence offered, and the conclusions and conjectures both might draw from their own thinking. There’s some light moderation and Q & A from the audience:

Maybe vocation, purpose and meaning have A LOT to do with our current issues. How to live and what to do?

The Western Elite From A Chinese Perspective And A Talk On Minimalism Or Deflationism

Via Marginal Revolution via American Affairs: ‘The Western Elite From A Chinese Perspective:’

Well, one Chinese perspective:

‘I thought I was an amazing trader. But there was a slight problem: I wanted to do the trade because I thought the market was pricing UK interest rates to go up. And when interest rates go up, UK inflation would rise mechanically due to the way it is defined and calculated. But in that year, the Bank of England didn’t raise interest rates at all. Rather, the increase in inflation was due to things like tax increases, exchange rate fluctuations, oil price moves, etc.—things I didn’t anticipate at all. It was pure luck that I made money, and I made it for the wrong reason.’

Previous links on this site: ‘Surf China’s Censored Web At An Internet Café In New York:’ From a George F Kennan article written in 1948 on China.

Interesting piece here. Our author reviews Evan Osnos’ book about his 8 years spent living on the ground in China:

Check out journalist’s Eveline Chao’s site.

Simon Blackburn at the University of Toronto discussing the minimalist or deflationist view:

‘Along comes someone like Pilate, Pontius Pilate, and says something like: ‘What is truth?’ and everybody goes sort of dizzy, and you look to the philosopher to provide a suitably abstract and highfalutin answer.  The minimalist says you shouldn’t answer Pilate, or rather, if you answer Pilate, you answer should take the form of a question…which is “What are you interested in?’

So basically, you throw the question ‘What is truth?’ back until the person who’s interlocuting you… gives you an example and says ‘Well, I’m interested in whether penguins fly’ and you say ‘Okay well the truth there…the truth would consist in penguins flying…’

…that’s very disappointing:’

Alas, what were you expecting?

Blackburn on Richard Rorty here.

From Kelley Ross, who takes a step back from moral relativism and good ‘ol American Pragmatism:

‘It is characteristic of all forms of relativism that they wish to preserve for themselves the very principles that they seek to deny to others. Thus, relativism basically presents itself as a true doctrine, which means that it will logically exclude its opposites (absolutism or objectivism), but what it actually says is that no doctrines can logically exclude their opposites. It wants for itself the very thing (objectivity) that it denies exists. Logically this is called “self-referential inconsistency,” which means that you are inconsistent when it comes to considering what you are actually doing yourself. More familiarly, that is called wanting to “have your cake and eat it too.” Someone who advocates relativism, then, may just have a problem recognizing how their doctrine applies to themselves’

Also On This SiteA Few Thoughts On Isaiah Berlin’s “Two Concepts Of Liberty”Repost-Some Thoughts On Noam Chomsky Via The American Conservative: ‘American Anarchist’

Update And Repost- From YouTube: Leo Strauss On The Meno-More On The Fact/Value Distinction?’

Tyler Cowen At Bloomberg On Automation And Displacement

In A Robot Economy, All Humans Will Be Marketers

Cowen:

‘This shift toward marketing, in the broad sense of that term, isn’t just about bank tellers. More legal work is done by smart software, but cultivating client relationships has never been more important. Some functions of medical assistants are being automated, but hospitals and doctors are still trying to improve the patient experience and reach new customers. Amazon Inc. warehouses use robots to pull goods down off the shelves, but someone has to persuade consumers to buy the stuff.’

I’m sure this will strike some people as deeply unfulfilling, others as threatening, and others as just fine.

I think automation is the key word, here.  Many tasks you do are repetitive, and the hardware and software is being developed to automate many of these tasks depending on complexity, feasibility and profitability where big business and technology meet (current revenue streams are directed by big players into areas where it’s too expensive and too costly not to compete (or try), and by start-ups trying to enter markets and disrupt).

This innovation shows up in our daily lives bit by bit, as consumers, as users, and as employees, but also in more personal and intimate ways (finding love online, suddenly having access to a book that changes your life etc.)

We already live within thousands of years of good and bad design all around us, and that is continuing, just perhaps more rapidly at the moment.

As to personal, social and political consequences, I’m reminded that old ideas die hard.  Many I see as worth conserving.

It’d be nice if Americans were competing more robustly with India and China in producing people ready to hit the ground running in STEM fields, but we’re doing alright.

It’d be really nice if American universities’ humanities and social science departments weren’t dealing with the postmodern and ideological problems of radical liberation politics.

Ah, well.

Hold on, keep learning, and don’t lose sight of the important things.

 

Summary & Clarification Of My Response To Andrew Sabl’s ‘Liberalism Beyond Markets’

Sabl’s piece here: ‘Liberalism Beyond Markets

My amended summary:

‘A realist liberal account of liberal institutions aims to recognize the fundamental complexity of individual human experience, the diversity of human thought, and the incompatibility of human dreams/aspirations.

The authority of liberal institutions and the laws they make into the present and future is de facto, a la Hume, and is negotiable, and must serve the self-interest of those choosing whether or not to follow such laws and decide upon their utility in the present with an eye to the past and the future.

Furthermore, Hayekian logic should not exclusively be applied to markets, but also: Democracy, rule of law, the Welfare State, and the practices of toleration [and] free-speech. Such ‘institutions’ have normative characteristics, which are described in reasonable detail (the 6 available if you click through).

Any individual, or groups of individuals may come to guide these institutions for a time, for their ends (instrumentally), but, a la Hayek, all parties will mutually benefit because these institutions in their own spheres, like the market in its own, appropriately reflect the fundamental complexity of individual human experience, the diversity of human thought, and the incompatibility of human dreams/aspirations.’

See the original response: A Response To Andrew Sabl’s ‘Liberalism Beyond Markets’

On that note, Mark Pennington’s Robust Political Economy: Classical Liberalism and the Future of Public Policy comes recommended.

Full diavlog here.

Duke professor Bruce Caldwell talks about his then new book on Hayek, an intellectual biography.

How Deep Is Your Identity? Virginia Postrel At Bloomberg On Immigration

Virginia Postrel at Bloomberg: ‘Pro Immigration? Then Support All Who Came Here

Postrel:

‘As I wrote long ago, “Americans care, of course, about their economic interests. But they care first about their identities. … If voters feel personally attacked — because they are Latinos, or working women, or housewives, or evangelical Christians, or gays — they will bolt the party that serves their economic interests.” Or, given the opportunity, back a presidential candidate who promises to blow it up.’

I worry about the lifestylization of politics in America, which I see as eroding the distance between private and public, civility and coarseness, respect and its lack.  Such niceties do a lot more work than we realize.

Merely seeing individuals as members of voting blocs and identity groups misses crucial pieces of a larger puzzle, and also much of who and what we are.

As I see it, if the ideal uniting a group of people in common cause demands immediate action and/or allegiance to a group, expecting politics to become another means to an end, then we shouldn’t be surprised when people start drawing lines, making friends and enemies, and fighting over who belongs to which group under which ideal, and fighting over politics.

—————

That said, I agree with Postrel on the worn-out ideas and worn-out views from many traditional pulpits and parapets throughout the country.  Apparently, the higher you go into the lofty heights of opinion and influence, the thinner the air.

As a conservatarian on immigration (the people here first should be able to decide which kinds of rules will govern who come later through debate, politics, and legislation), I think we’ve gotten away from many simple, constitutional and civic basics from grade-school on, and it shows all throughout our lives.

People don’t simply open up borders, workplaces and economies, they open up their eyes, minds, and hearts over a longer period of time when united by common ideals, beliefs, principles and shared sacrifices (civic duties, Constitutional understanding, becoming an American and all the freedoms/responsibilities that come with being an American).

I believe these shared bonds will allow us to better ride the waves of rapid technological change, global economic and labor market pressures (immigration included), and the potential necessary and unnecessary conflicts that will arise going forward between competing interests (nations included).

We’ve got to sail the ship smart.  There’s work to be done.

Let me know if you disagree.

 

Richard Epstein At Hoover-‘Progressively Bankrupt’

Full piece here.

‘It is quite clear that Illinois has passed the point of no return, even if Connecticut has not. But owing to the embedded political powers, little if anything can be done to salvage a situation that is careening toward disaster. Fortunately, the damage will be confined within the borders of the state unless the United States supplies an ill-advised bailout. That’s the beauty of our federalist system.’

-A link for Michael Lewis’ article about California politics, public pensions and Schwarzenegger’s time in office.

-Jim Powell At Forbes: ‘How Did Rich Connecticut Morph Into One Of America’s Worst Performing Economies?’

A Few Thoughts On Walter Russell Mead At The American Interest: “Why Blue Can’t Save The Inner Cities Part I”

David Harsanyi at Reason has more on the GM bailout.  Non-union employees pensions got raided and taxpayers foot the bill, so that Obama and the UAW can maintain power.

How did Detroit get here? Very comprehensive and easy to navigate.

Some Hayek-Related Links

Via Twitter via Evonomics: ‘Hayek Meets Information Theory. And Fails.

So, replacing prices in a marketplace with AI deep learning models is apparently the way to go (reducing your knowledge, experience, and behavior to input nodes channeled through possible optimization distribution paths).

Let’s ignore the bureaucratic/political incentives for a moment…for man is a political animal.

Our author:

‘The understanding of prices and supply and demand provided by information theory and machine learning algorithms is better equipped to explain markets than arguments reducing complex distributions of possibilities to a single dimension, and hence, necessarily, requiring assumptions like rational agents and perfect foresight’

From the comments, a response:

‘His [Hayek’s] crucial point is that market prices perform a co-ordination function, allowing people to act AS IF they had the relevant knowledge.’

Also, epistemologically speaking, from the comments:

Indeed it is a central tenant of Austrian school economics (of which he was not quite a founding member, but is perhaps its most thoughtful member) that the efficient market hypothesis is false, that markets are never actually in equilibrium, that people are not perfectly rational agents, and that they most definitely do not have (and cannot have) perfect foresight.’

Your price re-allocation command console awaits, Captain.


On that note, Mark Pennington’s Robust Political Economy: Classical Liberalism and the Future of Public Policy comes recommended.

Full diavlog here.

Duke professor Bruce Caldwell talks about his then new book on Hayek, an intellectual biography.

Repost-From Public Reason: A Discussion Of Gerald Gaus’s Book ‘The Order of Public Reason: A Theory of Freedom And Morality In A Diverse And Bounded World’

.A Few Thoughts On Isaiah Berlin’s “Two Concepts Of Liberty” …

Repost-Cass Sunstein At The New Republic: ‘Why Paternalism Is Your Friend’