Archive for the ‘work’ Category

Winter Coming

October 29, 2017

I don’t know how I ever did it.

Looking now outside my window at the coming

Winter,

Remembering those many years of

Working

in the cold, going out in the gray

Mornings,

layering the clothes and the resolutions:

Get it done,

Get this house built for these good people and then

Another one,

and another one, day after day, week after week, month after month,

Year

after year, cutting, sawing, nailing, flailing, sometimes

Failing,

to have a good attitude, like right now. I don’t know

How

I ever did it.

It couldn’t have been me that

Did it.

Must have been someone else who

Did it,

someone else who went out into that cold, someone else who is

Stronger

than me because I am not

Strong.

Surely it was someone who knows more than I

Do

about how and why and when and where all this seasonal cycle and this

Life

OldLog

fits together into some kind of sense. And now I

Feel

that I can not do it again, cannot

Go

through another winter, even though it is easier

Now.

At this moment it doesn’t seem easier because . . .  well I don’t know

Why;

But I do know this. I do

Feel

that someone else  will have to

do it now, because looking out there just  now with the snow flurries I can’t see

How

I could have done it, or how I can ever do it

Again.

Someone else will have to

Do it

from here onward.

 

King of Soul

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The Tweaking of the Technos

September 2, 2017

‘T’was about two hundred year ago that the world tilted toward changing at an exponential pace.

The advent of the steam engine had a lot to do with this. Imagine, for instance, what native American tribes, living primitively, must have thought about the first locomotive when they saw a big huffn’puff thing speeding toward them along the steel track.

It was a terrible sight to behold– belching steam and screaming along across the landscape like it owned the place.

Locomotv

And in terms of world history, that wasn’t so very long ago. We humans have definitely picked up the pace of our progress.

We’ve come a long way since those groundbreaking days of the steam locomotives. Back in those early techno times our big deal was extraction. By means of steam-powered locomotion we extracted vast amounts of resources from vast landscapes for a vastly long time and then we transported those extracted elements vast distances, to industrializing cities where they were converted into vast products that were sold and distributed to vast markets of people whose consuming habits were fastly becoming vast.

All this vastness was enabled because our new powering technologies made everything happen on vastly larger scales, and in vastly faster timetables.

Eventually, the trains went the way of the buffalo when our cars and trucks began to roll off mass-production assembly lines and then all across the globe. Before you knew it, everybody and their brother were driving around via internal combustion vehicles of one type or another, spewing carbon emissions and additives and whatnot all around the globe.

Because so many people had jumped onto the industrio-techno bandwagon we found ourselves with vast labor markets which consisted of vast numbers of people cranking out all these vast inventories of consumer goods and services.

That whole industrial revolution thing wrought the humanic world into being a carbon-belching machine. After a century or two it has become an emissions-emitting perpetual motion device. But nowadays our whole vastly spinning automaton of techno progress is being re-evaluated. For the sake of equality-based prosperity, those vast labor markets are being tweaked by office-loads of technocrats who want to do what is best for mankind. But in a world of expending (used to be expanding) resources, it becomes more and more problematical to keep everybody busy in production.

By ‘n by, for management purposes more and more folks have become involved in producing information, so we can be smart about stuff. Information  used to be stored in libraries, but now is stored in digitized files. Our terminology has morphed. As we used to shovel dirt and ore and coal and whatnot we now move vast loads of information. For simplicity sake we now call it info. Furthermore, as our  exponential changes are happening at a vastly stepped-up pace we have  spun into calling it “data.”

We notice that, while the world economy used to run on vast extractions of elements, it now runs on vast iterations of data. And if you believe that, I’ve got some swampland in Houston I’ll sell ya.

But I digress.

In our 21st-century techno-world we have generated vast hordes of data-analyzers, experts, number-crunchers and technocrats, whose mission is to  keep everything cruising along on an even keel.

Their informed consensus is that we need  a steady state, which eventually morphs into a steady State. Old style capitalism is dead, y’all.

The most potent example of this trend is the Fed.

A century ago, we had banks that were fervently financing the great industrial expansion. Now all the banks have become mere bit-players; the real mover and shaker is the Federal Reserve, the financier of last resort, as they are moving vast file-loads of reserve fiat currencies around the world the way JP and John D used to move their earth-shaking  investments.

Now the Fed keeps it all humming along on an even keel, not too fast not too slow. No more boom or bust, no more depressions, but rather one long macro-recession/expansion whereby we perpetually power the world economy at a predictably stable theoretical 2% expansion rate so as to assure that the main characters have assets to pass around  like peace pipes and, along with that, generally everybody has a job to do so we  don’t have too many folks fall into non-productive dependency on the system.

Good luck with that, y’all.

Therefore,  let us henceforth have everybody producing something, but not anything that will aggravate the emissions hockey-stick curve. Let’s keep the proles fat n’ happy—or, excuse me—fit n’ happy, if possible without deepening the carbon footprint, lest we fall into deep sh_t.

A good way to do that is convert everybody to being producers of data instead of them being producers of carbon-spewing autos and such.

In olden days we had vast factories where workers cranked out trains and trucks and autos and washing machines and TVs and then microwaves and computers and now data and data and data and more data.

So now the world runs on data, don’t you know. And if you believe that I’ve got some swamp land in Houston I’ll sell you.

But I digress.

How ‘bout I give you an example of what it means to be living in a blahblah new world where our collective assets are studiously maintained by  tweaking  technocrats.

Check out this data from an analysis of labor/welfare incentives in Europe, posted  last week by Daniel Seikel.

https://www.socialeurope.eu/activation-work-poverty  

“If it were true that employment is the best route out of poverty, including in-work poverty, then, logically, the share of working poor should at least not increase if there is significant employment growth. The combination of employment growth and increasing in-work poverty suggests that activation policies might shift poor jobless persons/households to poor working persons/households. Therefore, it is necessary to analyse the effects of different labour market policies on in-work poverty. In particular, what impact do the different elements of activation policy – conditionality, re-commodification and active labour market policies – have?

In theory, two effects are possible. First, active labour market policies can improve the qualification of job-seekers and enable them to get better paid jobs. This can lift formerly poor households above the poverty threshold (disposable household income below 60 percent of national median income). Second, the demanding elements of activation – strict conditionality and a high degree of re-commodification – can force unemployed individuals to accept job-offers even if the pay-levels are low. In this case, the income of the successfully activated might be too low to lift the household above the poverty threshold – poor unemployed would become working-poor.

That’s true, Daniel, I suppose. I’ll take your word for it. But whatever happens, however all this turns out, I can see we’ve come a long way from

Locomotv

to

TweakTek

In the olden days, the command was:

Move that barge; tote that bale!

The new program is:

Tote that phone; send that file!

This is progress, and this is what progressives have called for. It’s no wonder the outcome is Twitter, in which all the complexity of former times is dumbed down to 140 bits or pieces per event.

Good luck with that, y’all!

Glass Chimera 

Spider and Worm

June 15, 2017

Webspu2

Delicately delicate, she suspends it in space,

and spins from her scuttle this air-strewn lace.

Over and over and over again she splices

spidery substance with spot-on slashes

wider and wider through space/time she dashes.

So silvery it shines in morning light

inspiring this human with her shimmering site.

Meanwhile down way down in earthen ground

wiggly worm weaves his way around,

dirty and grubby and stubby and slow

crawling and hauling his humus so low.

He don’t see no nothin’; he just go and go

through sludgy mud and slimy cruds

in soils he toils, ’til shovel turns over his boring drudge.

Worms

These two together are wild working partisans:

the annelid laborer and this arachnid artisan.

Master worm slung low, Madame spider spinning high,

dug in dirty and low and strung up in airy high,

until both annelid and arachnid do wear out and expire.

The earth and the sky turn lower and higher.

Glass Chimera

Overcoming Mediocrity and Alienation with Freedom

June 10, 2017

Trying to fix this world is no easy task. Many people have pondered about what is wrong with it, and some have offered remedies about how to correct the perpetual problem of human activity and its destructive effects on our collective life on this planet.

For instance, about a century and a half ago, a very smart German fellow named Karl Marx theorized that the prosperous owners of the world’s production facilities should be replaced by the working folks who keep all the nuts and bolts turning. If this transition of ownership could be accomplished, the world would eventually be a better place, or so Karl thought.

Vladimir Lenin and his Bolshevik comrades got a hold of that idea, and they enforced the Russian Revolution of 1917. After they deposed the Czar and his Romanov dynasty family, and after the revolutionaries had manhandled power unto the people for purposes of taking control of the “means of production,” the newfound Communists of Russia took a stab at running the country, with their sights sent on the entire world.

There was some confusion in their ranks about exactly what needed to be done; Lenin and his diehards had to push Trotsky and his people out of the picture, but that wasn’t really enough purging to settle all the issues. So later, in the 1930’s, Joe Stalin took it upon himself to purge the revolutionary and bureaucratic ranks of all questionable persons who couldn’t get with the (Stalin’s) program.

Well, that was a sinister and bloody affair. Meanwhile, further down the map in Europe, Hitler and his Nazi goons were making a big bloody mess of Germany and the surrounding countries, and that whole conflagration turned into one hell of a humongous World War, in which we Americans had to go over there and help the Brits and the French, et al, put an end to it.

After the Big War, the Communists were still in control of Russia, and Stalin was still running the show and the gulag, and the working out of the Marx-theorized dictatorship of the proletariat and so forth. Part of the strategy of the International Communist plan to save the world from Capitalist abuse was to spread the revolution into other parts of the world.

After World War II finally skidded to a long-overdue frigging halt, when the dust settled in Europe, the continent was pretty much divided down the middle between the freedom-cultivating Capitalist Allies and the pushy Russian Communists. There was a kind of imaginary dividing between these two entities, which Winston Churchill called the Iron Curtain.

Over here in the West, we were flat-out tired of making war. The Nazi war machine had worn us out, even though we won. And the Russians, although they were certainly tired of fighting the war, were also tired of the whole damned war thing.  Nevertheless, the Ruskies were still quite stubborn in their resolve to save the world from Capitalism.

So they began a new, very big project to impose their Russian version of Communism on the rest of the world– Starting, mainly, in eastern Europe where they were already occupying those post-war-torn Nazi-disaster zone nations, most notably Poland, Czechoslovakia and Hungary.

BrshnvK

Recently I picked up a book, from my precious local library, about people and events in Communist-occupied postwar eastern Europe.

   https://www.amazon.com/Prague-Sprung-Notes-Voices-World/dp/0275945367

David Leviatin’s Prague Sprung  presents a penetrating view into the Communist world of power mongering as it existed from the 1948 takeover until the overthrow of Russian hegemony in 1989.

In his book project, David interviews many Czechs who, as members of the Communist party, performed roles in the development and administration of Czechoslovakia.

During one interview, David Leviatin speaks to Miroslav Jindra about his career as an educator. Jindra’s training as a teacher of English and Czech language began in 1948 when he entered Charles University in Prague. After graduating he taught languages at both elementary and college levels.

During that time Mr. Jindra encountered there, however, a double-minded mindset that tended to complicate everything. It seemed that academic excellence and enquiry were not the first priorities. Rather, he found that behind the surface of the institution was a certain Marxist mindset which was being promulgated by the Communist regime. The politicos in charge of Czech education had an agenda, and it was more about political control than academic enquiry. Consequently, to function in such an academic environment was no simple matter.

“I belonged to the group of people who developed some sort of maneuver, some sort of defending mechanism, because otherwise it was impossible to survive. I learned at the same time to be as inconspicuous as possible. If you were very good, you were conspicuous. Something would happen to you. If you were too lazy, you were also conspicuous. This is what we now call the tendency to mediocrity.”

Jindra goes on to  explain that the Russian takeover of his country in 1948 was followed by a period of radical leftist change, which was imposed methodically by Communist taskmasters. But later, during the 1950’s their doctrinaire extremism began to run out of steam. The demands of economic and political reality required more practical applications of human motivation and activity. By the 1960’s narrow-minded apparatchiks who had imposed Stalinist cruelties had to tone down their rhetoric and their programs as it became apparent that something was wrong.

By 1956, Khrushchev’s admission of Stalinist abuses and crimes initiated a shockwave of reassessment that rumbled across the whole communist world.

As Jindra states it: “They found out something was wrong.” So the Stalinist phase of world communism began to morph into something else.

But Khrushchev’s admission wasn’t the only crack that was then appearing in the Soviet wall of oppression.

Also at that time, in 1956, the partisans of Hungary, next door  to Czechoslovakia, rose up in undisguised anger against their Russian overlords. As a Czech speaking about their 1956 news of the Hungarian uprising, Miroslav Jindra says:

“We were told that the Revolution in Hungary was endangered by some reactionaries, but everybody knew what happened there.”

Which is to say, everybody knew what (really) happened there.

As citizens of eastern Europe found themselves, over the years, mired deeper and deeper in sloughs of Communist Party control,  they were cornered into a new, schizo way of thinking and speaking. Euphemism– saying what is generally known to be true but saying it in a way that would not be objectionable, or even understood by, Communist party officials– became a necessity. Saying what you meant without really saying it become a finely honed, stealthy strategy–even a mindset– of mounting resistance.

Eastern Europe came to be something like a kettle put on low heat; it took a long time to boil. It didn’t actually boil over until 1989.

There were many Soviet oppressions that provoked discontent and bitterness among the people of eastern Europe.

Here’s one bitter bi-product of Soviet oppression in  particular, that Miroslav Jindra’s narrative brings to this reader’s attention. But it was not an obvious one. Rather, it is subtle thing, and it slithers into the fearful comrade’s mind like a serpent: alienation.

Think about it this way. Have you ever been in a job where you wanted to do good work, but could not, because your micro-managing boss or co-workers were obsessed with unimportant details instead of actually accomplishing good work?

That’s what was going on in the world of Soviet political correction.

From page 66 of David Leviatan’s Prague Sprung, educator Miroslav Jindra speaks of the doublethink that was required to function as faculty member at Charles University, in Prague:

“In 1976, I was invited to come back to the faculty since two people had retired and they needed some help. There were some very good people in the faculty. If you had some contacts with them, you were quite safe. On the other hand, there were some very nasty people in the Party, people who were not qualified as experts, as specialists, who were just political figures. Their task was to watch over what we said. If you were careful enough you could evade them. We didn’t have any intellectual freedom at all. We had very limited area to maneuver. If you were clever, you could. I think that quite often I managed to tell the students what I wanted to tell them, but maybe I didn’t tell them directly. I tried to make them find out for themselves.

But it’s a big relief now (circa 1991). I don’t need to think over anything, my next word. This was crazy. It was double-thinking.”

The mindset that requires fearful, constant double-minded euphemism is destructive. When truth cannot be plainly spoken, a kind of collective schizophrenia takes hold of a society. This is what the history of communism has revealed about human nature. In State-controlled regimes, Party-appointed–or even self-appointed– micro-managers who are obsessed with political correctness and petty rules dominate everything that is allowed to happen. The end results bring mediocrity, which is the opposite of excellence. For serious teachers, students or workers who want to discover truth and strive for productivity, alienation plagues them and drags them into sloughs of discouragement and despair.

By the late 1980’s, the peoples of eastern Europe–and even the Russians– were sick of the double-minded burdens that the communist State had been demanding of them, so they overthrew it. The revolution began with bold people like Vaclav Havel in the Czech lands, Imre Nagy in Hungary, Lech Walesa in Poland.

Eventually leaders such as Yeltsin and Gorbachev got a hold of it. The rest is history. Gorbachev took Reagan’s advice; he tore down a wall. That certainly to helped to get the ball of liberty rolling.

Much to the doctrinaire Communists’ surprise, the people of Germany turned out to be more than willing to help in tearing down that Berlin wall–piece by piece. Freedom is irresistible when you get a whiff of it.

But freedom is not easy to attain. In America, we are fortunate to have prospered in the liberty that was attained, at great sacrifice, for us long ago. That liberty has since been assured and secured by men and women who are willing to defend it. We defend it, not only militarily, but also politically, academically, and economically.

Let’s keep it that way. Freedom is a way of life that we don’t want to lose. Let us not squander it.

King of Soul

We all live in a Blueish Bussarine

April 13, 2017

It’s amazing what we humans have done with techno throughout the ages of time

Way back in the mists of anthropological mystery some Croation CroMagnon got a bright idea to knock off the angular faces of a stone. He kept chipping away at it until the thing was more or less round; it looked so cool he decided to make another one. Then he got the history-rocking idea  to punch a hole in the middle of each stone and  then connect the two together with a wooden pole.

Next thing you know he’s wheeling his stuff around on a cart, gathering his food a la cart. This was definitely an improvement.

Human history rolled along at a quicker pace after that.

Eons of time went by. Then a while back ole Isaac Watts put mind and metal together with the the potentialities of heat and water.  in an advantageous arrangement. that became know as the steam engine and so it wasn’t long before we homo sapiens were using the thing to power everything up. Some guy came along and slapped that steam engine onto a cart with a set of wheels and whammo we humans had ourselves a powered vehicle for purposes of transporting ourselves and all our stuff.

Wow!

Henry Ford happened along and he paired up assembly line strategy with mass production productivity. Next thing you know, everybody and their brother is out driving around on Sunday afternoon in a Model T or Model A.

Soon afterward, some other folks come along and did their version of Ford’s world-changing whirligig, so then we had wheeling around not only Models A and T but also models GM and MG and model GTO and BMW and model ’57 Chevy and ’65 Mustang and so forth  and so on.

All along the way, these fossil-fuel-powered motorized mobilizers were extending their influence into the other elements such as air and water.

Airplanes in flight, Boats on water, millions of them puttering along with their enginary cousins everywhere here there and yon and all over the world.

In 1966, a scant year after the historic ’65 Mustang made its mark on the prairies and the dusty deserts along Route 66, the Beatles came up with a new idea, the yellow submarine.

“We all live in a yellow submarine,” they sang.

This is a fascinating concept.  The Beatles never stated it blatantly in their song, but the idea is this: in our evolving 20th-century consciousness we can surmise that this planet–even as huge as it is–is nevertheless a closed ecological system, not unlike a submarine.

Another expression of this idea is seen at Disney World in what the Disneyites call “Spaceship Earth.”

While our ancestors thought of the earth as somehow infinite in its distances and its capacities, we 21st-century world-dwellers are understanding that what comes up must come down. Pollution up, pollution down. Carbon up, carbon down, and everything (as the stuff spewing from our exhaust pipes) that goes up eventually comes down. All that stuff we spew into  the air and all that stuff we bury in the landfills, it doesn’t just magically go away.

“Out of sight, out of mind” is a fallacy that perpetuates our fantasy of an earth that possesses infinite capacity.

We the people who inhabit the so-called “developed world” are now starting to take this emissions stuff seriously. Meanwhile, in other parts of the world, the so-called “third world” and “developing nations,” those folks are trying to develop their economies and their infrastructures under the constraints of our post-modern enlightened consensus about us all living in a limited-capacity closed ecosystem–a sort of yellow submarine.

In our present world, India seems to be in a developmental category that is somewhere between “developed world” and “third world.”

As I was strolling along yesterday on a high-tech promenade of Disney’s Animal Kingdom, I lingered to appreciate this old disabled bus.

It used to be a carbon-emitting transportation machine in a third world country, but now it has morphed into an ice cream booth in our hyper-entertained theme park of USA inc.

I would like to  thank the Artist(s) of India, whoever he or she was who decorated this bus. Nice work!

And I would like to commend the Disney person(s) who saw the historic value of this work of art. To me, it represents the idea that we all live in a blueish bussarine, and not everything that wears out must be thrown away.

Glass Chimera

Austerity or Stimulus?

February 25, 2017

Well this is an improvement.

When I was still a gleam in my daddy’s eye, Germany fought a world-sized war against France. But now, in 2017, all the obsolete ideology that then fueled both fanaticisms–fascist v. communist–has withered down into a battle of ideas.

Fiscal ideas, like whether budgets should be balanced, or put on hold until things get better.

From a Peace vs. War standpoint, I’d say that delicate balancing act is an improvement, wouldn’t you? Budgets and Economic Plans are, theoretically, much more manageable than tanked-up military campaigns.

Now Germany and France– those two nation-state heavyweights whose fiscal priorities set the course for the rest of Europe–they are getting along just fine now. They expend financial energies trying to keep the whole of Europe humming along on all cylinders. Budget deficits that drag down Euro economies are generated mostly in the lackadaisical southern  economies–Greece, Italy and Spain.

But those two mid-continent economic heavyweights–France and Germany, function as fiscal opposites, polarizing European values and budget priorities in opposite directions. They are two very different countries; and yet Germany and France are not as opposite as they used to be. A lot has changed since they finally made peace back in 1945.

At the time of that last Great War, early 1940’s, Germany was suffering through the death-throes of a dying monarchy. What was left of the Kaiser’s authoritative legacy had been lethally manipulated into a world-class death regime by a demonic tyrant who wore an odd, obnoxious little mustache on his flat German face.

France up to that time was still stumbling through a sort of awkwardly adolescent stage, having booted their kings and queens out back in the early stages of the industrial revolution, and then replacing, in stages, the ancient monarchy with a struggling new Republic.

What the French did as the 18th-century came to a close was similar to what we Americans did, but different. We had ditched King George III in 1776. The French cut off Louis XVI in 1792. On the other side of the Rhine, the Germans kept their Wilhelm top dog hanging on a thread until the Allies ran him down in 1918.

We Americans did a whole new thing after we rejected the old wineskins of monarchic government back in 1776; we had a lot going for us–a vast, nearly-virgin continent that stretched out for 3000+ miles, with plenty of room to grow,  and to expand our new-found explorations for Life, Liberty and Pursuits of Happiness.

The Europeans–neither the French nor the Germans–did not have all that fruited-plains expansion space like we had. They were cramped up over there in the Old World.

Having wielded a fierce guillotine ruthlessness upon their king and queen, the French tried to spread the wealth all around, ensuring that everybody got a chunk of it. They had wrung a blood-stained liberte from the palaces of privilege in 1789. Over the course of the next century and a half, they generally moved leftward the whole time, toward an egalitarian idea of solidarity.

The Germans have always tended toward authoritarian leadership, which is one reason why Hitler was able to pull off the abominations that he did. But we Allies put that to an end in 1945.

Thank God.

Now in the post-WWII Europe, the Germans have turned out to be pretty good kids on the block, considering all that had happened back in the day. The last 3/4 of a century has seen a remarkable recovery. They went through some serious changes, rebuilding after  losing two wars, and then being divide into two different countries.

Since 1990, when Germany became united again into one country, those krauts have established a pretty impressive record. They now have the strongest, most stable economy in Europe.  One reason it turned out this way is: the Germans have historically been, by necessity, very disciplined, rational people and they know how to get things done.

The French are different from that. You gotta love the French. As the Germans have made the world a better place with their great music (Bach and Beethoven), the French have brightened and lightened our worldly life with their very lively, expressive and impressionistic art, coupled with their unbridled Joie de vivre. And let’s not forget the original architectural piece-de-resistance of the Western World. It was French creativity married to inventive 19th-century industrialism that brought us the Eiffel Tower in 1889.

ParisGargoyl

The French do progress with style and artistry; the Germans get it done with impressive efficiency and precision.

As an American who has geneologic roots in both cultures, this fascinates me.

Their two different attitudes about generating prosperity also encompass, respectively, their approaches to solving money problems.

Or more specifically. . . solving “lack of money” problems.

A new book, Europe and the Battle of Ideas, explains how these two nations, as the two polarizing States of modern Europe, each lead in their own way to set policy, together,  for solving Europe’s financial problems. Their tandem leadership is enhanced by their two very different strategies.

The simplest way to describe their treatments of European deficits is this:

The Germans are into Austerity; the French are into Stimulus.

Or to put it into a classic perspective:

The Germans want to balance the books,  thereby squeezing all governments and banks into economic stability. The French want the assets to get spread around so everybody can have a chunk of it.

How do I know anything about this?

This morning I saw Markus Brunnermeir being interviewed; he is one of the authors of the new book, Europe and the Battle of Ideas.

  https://www.socialeurope.eu/2017/02/europes-future-will-settled-battle-ideas/

In this fascinating, very informative interview, the questions are being posed by Rob Johnson, President of Institute for New Thinking, whatever that is.

Together, these two guys explore the two basic problem-solving approaches to working out Europe’s economic deficiencies. And it just so happens that the two main strategies are related to those two old nationalized culture, described above, between Germany and France.

Sounds simplistic perhaps, but this comparative analysis makes a lot of sense when you hear these two knowledgable men talk about the present condition of economic Europe.

So, rather than try to explain it to you, I’ll simply leave you with this list of characteristics, as identified by. Mr Markus Brunnermeier. The list identifies how each country’s budgetary priorities contributes to a strategy for solving Europe’s fiscal woes.  My oversimplified version of it  looks like this:

France

Germany

1.Stimulus

1.Austerity

2.Liquidity

2.Solvency

3.Solidarity

3.Liability

4.Discretion

4.Rules

5.Bail-out

5.Bail-In

Consider these two lists of national characteristics as two different strategies for solving large-scale economic problems.

Here are a few notes I made while watching Mr. Johnson interview Mr. Brunnermeier:

For French, the problem is always liquidity. Stimulus will flush money out of markets again.

Germans see problems as solvency difficulty. Fix the fundamentals. Don’t throw good money after bad.

French: If you see it as a liquidity problem, just bail them out.

German. If you see it as solvency problem,  Bail in, to avoid future hazards. Bail-in means: Bond holders who essentially gambled with a country or bank and  then reap the gains on upside– they should take losses on downside.

There was a radical shift in attitudes in Europe over the Cyprus bank crisis in spring 2013. Who pays? Who covers the losses?

. . . Bail-in or bail-out?

French fear systemic risk so they tend toward governmental bail-outs.

The Germans, on the other hand, see crisis as an opportunity to address and solve the systemic deficiencies. So penalize  the depositors/ investors; others will learn from that, and you will have bank-runs in other places. Such circumstances provide incentives for institutions and individuals to take responsibility for their own actions and investments.

Just how the Europeans get all this worked out, we shall see in the days ahead. And the working-out may provide some lessons for all of us.

Smoke

Ben Carson for HUD head?

December 7, 2016

MLKDream

Boy born in poverty grows up to be brain surgeon. Say what?

He kept his eyes on the prize, gave steady attention to what is important for his own personal development and advancement; Ben cultivated good habits, studied hard, pulled himself up by bootstraps, climbed the achievement ladder, learned a trade, surgery.

Brain surgery. Brain surgery?

No kidding. He became a brain surgeon, head of neurosurgery at Hopkins; among his many operations was the separation of congenitally conjoined twins. No easy task. The man’s a problem-solver.

Later on in life, Ben trained his eyes on expanded horizons, became an advocate for productive self-sustaining endeavor. Disdaining a systemic predisposition toward .gov dependency, he became a classic example of the American self-made man, although he would tell you much credit should be given to his loving, resourceful mother. Furthermore, his dependency was not in .gov programs; rather, his sufficiency was found in God.

Ben moves along well in this life; his eyes are, as they say, on the prize.

So, by n’ by,  he runs for President. Why not? This is America.

Trump berates him on the campaign trail.

But later, after all the recounted ballots have hit the fan, Trump nominates Ben for head of a federal department, Housing and Urban Development.

Say what?

For a brain surgeon? Why not HHS? Why not Surgeon General?

The answer, my friend, is blowing in the wind.

But now what do we see? All kinds of protest from the welfare Establishment, elites of housing elevation inside the beltway don’t like it one bit. Why?

No experience in the field. No experience in running housing programs.

No experience in federal .gov. No experience in any .gov whatsoever.

What about all the .gov programs he had to get around in order to be a brain surgeon running for Prez?

So here’s America wondering, what needs to happen here? What is appropriate experience, resumé, and background for running/reforming a big .gov housing dep’t.? Experienced proficiency in running a megalith .gov department?

Or something else, perhaps . . . intelligence, good sense, uncommon ability to apply one’s self to daunting tasks, integrity, character, intimate familiarity with problems of poverty, incredibly unique educational accomplishment, persistence, determination,  methodical approach to solving problems, an analytical mind, a skilled hand, a precise approach to cutting and mending,  a winning smile. . .?

On the point of  Ben having no .gov-departmental proficiency, the critics are legion. Their verdict: unqualified, ill-prepared, nothing in resumé to qualify him, he’s anti-government, yes-man, uncle tom, blahblahblah.

Now why is this happening? Is there something wrong with Uncle Ben, or is there something wrong with big brutha HUD?

But I ask you this. Has HUD solved, since its inception in 1965, the problem of substandard housing in cities?

Has HUD solved the housing-related problems of poverty in the inner cities?

Uh, no, don’t think so.

Could this HUDdish inability to solve the problems of affordable housing indicate, perhaps, the need for a new approach? a new diagnosis, new prognosis? The mood of the nation after this election would suggest: yes.

Ok. Let’s take a look.

But an analytical look. Let’s step back. Back to basics. Why do we even have a federal government? Why do we have, within that .gov, a Department of Housing and Urban Development?

To answer this question, we look to the Preamble of our Constitution:

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic tranquility, provide for the common defense, promote the general Welfare . . .”

Welfare? Well golly, our 21st-century image of that bureaucracy-burdened idea is a fact of life in the real world. It is what it is.

But let’s promote it–welfare–anyway, because our Constitution says so. Let us go then, amid the noise and haste, and promote our best interests, the welfare of Us the People. But let us do it in in a revisionary way, a way that will  permit some necessarily corrective surgery on a bloated, debilitated .gov institution that promotes programs of incentive-destroying dependency.

Let us move forward progressively, proactively, with a plan for overcoming the systemic dependency of HUD. Let us, instead permit, by whatever means can be devised, personal and familial independence, as we find it so boldly declared in  our Declaration of Independence:

. . .whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

Therefore, I move we allow the man who worked his way out of substandard housing, and ultimately out of poverty, take charge of a new effort to correctively administrate affordable housing.

Let Ben Carson administrate the Department of Housing and Urban Development.

Glass half-Full

Thanks to our Veterans

November 11, 2016

On this Veterans’ Day 2016, I say to all men and women who have served our United States as soldiers and workers in our armed forces, Army, Navy, Air Force, Marines, Coast Guard, National Guard. . .

Thank You.

VietMem2

All you men and women who are serving, or have served, in our armed forces, and then lived to tell about it, please know that we are glad you made it through your dutiful missions, still alive and kicking.

As a remembrance of those who did not make it back alive, we reflect upon the cause–our freedom as a nation of free men and women–for which they fought, bled, and died. Toward that end, we recall the words of President Abraham Lincoln, which he spoke at Gettysburg battlefield in November, 1863.

“. . . from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion — that we here highly resolve that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.”

Glass half-Full 

Where is the new Frontier?

November 9, 2016

We will need some kind of new frontier in order for significant growth to take hold.

LadyWork

In the early stages of our nation, that growth came from westward continental expansion.

In the 1920’s, growth came from unprecedented expanding consumer markets.

In 1950’s-60’s postwar America, growth came from rebuilding our nation and the world after the Depression and WWII destruction.

In the 1980’s-90’s, growth came from the computerization, digitization and online expansion of American life.

If we are in for a new expansion, what industry or circumstance will be the basis for it?

If the next expansion is going to truly benefit the little people– the losers in that theoretical “income inequality” gap–then our expansion must begin with them.

It’s time for the bootslingers that tread upon American streets, sidewalks and soils to pull themselves up by our bootstraps, because such a thing as prosperity cannot happen as a result of .gov programs.

The advanced, post-industrial condition of our economy indicates, I believe, that the next wave of innovation/expansion can, and must,  come only from the economic micro-units of our heartland.

That is to say, from the garage tinkerers, the workshop wonders, the flea-market marvels, the home front hopefuls, the lemonade-stand lovers of our land who are unwilling to waste away in social media mediocrity and cabled corruption.

Now is the time for grassroots level renewal.

Now is the time for all men and women to come to the aid of their families, their neighborhoods, their communities, our country.

Donald Trump, bless his heart, may be an amazing guy, off the charts and all that, but he cannot pull prosperity out of a half-empty glass economic base.

The glass half-Full mindset will be based, in our future, on learning how to do more with less. The milking of this planet’s resources can only go so far without seriously strategic enterprising  innovation. That principle will be the lesson and legacy of the Obama years.

I hope we have learned, or will learn, that lesson of resourcefulness, and I hope that President Trump will facilitate our building upon that great base of American innovation and enterprise.

Don’t you Americans be looking for no handouts. That well has run dry. It’s time to drill a new one, but it may have to be in your own back yard.

In this way we may perhaps make America great again.

Glass half-Full

from Ridiculous to Sublime

September 28, 2016

A couple of nights ago, I briefly tuned into that  greatly over-hyped debate. Donald was blathering about Hillary’s emails and she was going on and on about his failure to release tax returns.

Nothing new here, just more of the same old same old blah blah.

So I ditched it, and went back to what I had been doing before, because, I thought, this is ridiculous.

Well then a day or two rolls by.

This afternoon, while listening to WDAV on the radio, my soul was stirred profoundly by the hearing of an amazing selection of music. And I found myself wondering, what is it about this music that moves me so much?

I don’t know, but I can tell you one thing. This music it is sublime.

What is sublime? you may wonder. I cannot adequately explain to you what the word sublime means, but I can show you where the meaning is clearly demonstrated if you will listen to this:

   https://www.youtube.com/watch?v=qOofwWT3Edc

As the changing drama within the music builds up, pay particular attention to these     minute-time points in the video: 2:58, 4:00, 5:55 and 8:32.

I recently read something about how or why  this artistic dynamism moves us so much. In his book, A Secular Age,

  https://www.amazon.com/dp/B002KFZLK2/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1

Charles Taylor says . .

“. . . such art can serve to disclose very deep truths which in the nature of things can never be obvious . . .”

This music is, after all physical analysis is said and done, merely a pounding of wood and metal beneath the orchestrated hands of trained men. How can it be, then, that it moves me so?

To try to understand why or how, you might as well try to comprehend how or why, over two centuries ago, some men and women like you and me had a luxurious building constructed and then  walked around on its mosaic floor like they owned the place and then later a bunch of other stuff happened and things changed and it got covered up for a long time and then one day some other people came along and dug it up and said . . .

“. . .well, gollee, what do you know about that?”

“Gosh, Jeb, it’s a mystery to me.”

RomanAthens

Glass Chimera