Wednesday, June 30, 2021

Towering Babble

 

Back in 1946, George Orwell expressed his doubts about, Politics and the English Language in an essay with that title. If he was correct then that politics was corrupting  language, it's even more true now. Only today, it's not just politics. Social media and a tribalized electorate isolate Americans into conflicting subcultures.

Those who spout unreasoned political nonsense abuse both language and factuality. But one only needs to look toward academia to find serious language corruptors. Academicians abuse language by making it inaccessible to the more than two out of three Americans without college degrees. I suppose academicians coin new terms as a substitute for new ideas. It's a dangerous practice.

Take the term, critical race theory. What does it mean? The term invites attack. If instead, one promoted teaching the history of what really happened, who could object?

Another term I can do without is systemic racism. The word "systemic" bothers me. Without knowing which system, political, social, financial, or educational, is under discussion, it's impossible to address the problem. If I said instead that racism was culturally embedded, I'd be providing a better description of the problem. The seeds of racism are found in children's rhymes, folk tales, ethnic jokes, and locker room talk. Racism is embedded in American culture and that is where it must be sought. Only by understanding its cultural manifestations can we understand how it's embedded in different systems within our culture and its subcultures.




 

Sunday, June 27, 2021

Big Donor Man

 

Dave asked me to write something, but I haven't had time. The children's grandparents are visiting and that means no days off for me. Granddad was playing a song by some old band called the Doors. I was thinking about the song and came up with my own lyrics about lobbyists and wealthy donors. It's not much. Perhaps the excerpt from my book explains it better.

WTF, yo...oh

C'mon, duh, duh, c'mon, duh
I am a, duh, I'm a big donor man
I'm a big donor man
The plebes don't know, but the rich folk understand

Hey, all you serfs that are tryin' to survive
I'm taking away the money that keeps you alive, duh
'Cause I'm a big dough man
The plebes don't know, but the rich folk understand
All reet, duh

You chumps go eat your lunch, crap on week-old bread
What we say at fund raisers make you wish you were dead, duh,
I'm a big donor man, wtf
The plebes don't know, but the rich folk understand

Well, I'm a big donor man
I'm a big dough man
Duh, sucka, I'm a big dough man
The plebes don't know, but the rich folk understand

Excerpt from Fix It. Voters don’t usually notice charitable donations that are subsidized by government, but these aren’t the only invisible ways in which elites can leverage government for their own advantage. Rent-seeking occurs when scarcity adds to the amount that can be charged for a product or service. Scarcity, however, can be artificially created by groups seeking to create regulations which favor themselves. There are four ways in which special interests can gain unfair market advantages, Brink Lindsey and Steven Teles write in, The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality.

Their examples of special interest rent-seeking come from finance, intellectual property, occupational licensing, and land use. Lack of competition, they argue, is one of the reasons behind income inequality. Enforcing antitrust laws would create more competition “But an absence of competition also comes from the affirmative use of government power, such as when incumbents are able to fend off challenges by constructing barriers to entry like licenses or intellectual property protection.”

While no one wants to see a doctor lacking sufficient credentials, over-strenuous requirements can keep qualified physicians out of the game:

Although graduation from a U.S. medical school is not required to obtain a medical license, completion of a U.S. residency program is … The U.S. residency requirement, combined with highly restrictive policies on high-skill immigration, makes AMA power over medical school accreditation a powerful lever to constrict supply. Meanwhile, by historical accident the vast bulk of funding for residency slots is provided by Medicare, and for cost saving reasons the number of slots has been frozen since 1997. In 2016, for example, 8,640 graduates of accredited medical schools who applied for residencies—or roughly a quarter of all applicants—failed to be given a match.

If a quarter of new doctors can’t find residencies, then shortages of doctors are bound to lead to higher healthcare costs. Should the AMA choose to loosen requirements enough to increase the supply of physicians, they would also be reducing the potential salaries of their members. Groups like the AMA lack incentives to increase membership and are likely to become even more restrictive in influencing licensing requirements. Unfortunately lawmakers receive most of their information from those most likely to engage in rent seeking. Such groups have both money and organization on their side while ordinary citizens lack both and are often unaware of potential rent seekers.

Silicon Valley is another source of rent seeking. Just recently one of Amazon’s patents expired. This was for their one-click purchasing method. While there’s nothing inherently inventive in a method that saves a mouse click, Amazon none-the-less gained an advantage over Barnes and Nobel with this dubious patent.

It’s easier now than in earlier years to obtain patents. “In 1982, the newly established Court of Appeals for the Federal Circuit (CAFC) was vested with exclusive appellate jurisdiction over patent cases. Since then, the CAFC has reshaped the law by lowering the standards for patentability and expanding the scope of patentable inventions to include software, business methods, and even parts of the human genome. As a result, the number of patents issued annually by the US Patent and Trademark Office has increased almost fivefold. …

For this reason an entire industry buys patents in order to sue those who infringe upon them. The potential liability that one might be sued for accidentally using another company’s patented method discourages innovators from developing new products. Loosely defined and over-enforced, patent laws are stifling start-ups, crushing competition, and preventing progress.


Friday, May 21, 2021

Spam for breakfast, nothing for lunch




This morning I checked my email and found a message from Jeff Bezos. How exciting! Here it is:

Hi,

My name is Jeff Bezos an American technology entrepreneur, investor, and charity donor. I'm the founder, CEO and president of Amazon.com, Inc. I believe strongly in ‘giving while living’ I had one idea that never changed in my mind, that you should use your wealth to help people and i have decided to give Five Million Dollars, to randomly selected individuals worldwide. On receipt of this email, you should count yourself as the lucky individual. Your email address was chosen online while searching at random. Kindly get back to me at your earliest convenience, so I know your email address is valid. …

Best Regards,
Mr Jeffrey Preston Bezos, Billionaire investor

Whoa. Five million? Really? Sign me up.

But then, I asked myself, "What's the catch? There's always a catch." Thinking this, I hesitated to reply to Mr. Bezos. "Why," I asked myself, "would Jeff Bezos choose me? Could this email be SPAM?"

Or is it really from Mr. Bezos? Is he the kind of philanthropist who gives money to random strangers? Not according to a Forbes article from September, 2020. The magazine scored 400 billionaires on their philanthropy. Five was the high score. Bezos got a one. That score means he's given out less than 0ne percent of his wealth.

Well, perhaps he's a humanitarian. Not so, according to this PBS story. Former employees consider Amazon a dehumanizing workplace. But if Bezos isn't a philanthropist or a humanitarian why would he want to give me five million?

He could be sitting on a lot of spare change. Maybe not. Didn't he just buy a 500 million dollar yacht?

On another note, my ancestors used to hunt and gather their food. They didn't own much, because there wasn't much to own. The food they acquired, they shared with their neighbors. Their neighbors likewise shared food with them. Sounds like Communism, doesn't it? Luckily, humanity replaced gathering with farming, and hunting with animal husbandry, so that it could invent real estate and other forms of property. With property comes capital and with with capital comes Capitalism and its heir, income inequality. Through new methods and technologies, Capitalism now churns out extreme income inequality like climate change churns out high waves. Society could do something about this, but why stop a great party just because some go hungry?


Friday, April 30, 2021

Is the brain a spiritual organ?


The Spiritual Doorway in the Brain: A Neurologist’s Search for the God Experience

Kevin Nelson, M. D.
Nonfiction 326 pages

Concentrating on near death experiences (NDEs), and to a lesser extent, other spiritual experiences, Kevin Nelson asks how these experiences arise in the brain. He identifies the brain regions and conditions typically involved in NDEs and related experiences. For example, one cause of NDEs can be loss of blood flow to the brain. When blood is cut off to both the brain and the eyes, tunnel vision may result. This may explain why people who have had NDEs report traveling down a tunnel. The bright light they report at the tunnel’s end may be light observed through partially closed eyelids. When blood is cut off to the temporoparietal area, patients may experience an unobserved presence or a sense of being outside their bodies.

Fright is another factor that can trigger a NDE. Nelson cites the NDE experienced by the Russian author, Dostoevsky, when he faced a mock execution in front of a firing squad.

Near death experiences arise, Nelson believes, in a unique state of consciousness that is neither wakefulness nor sleep. This is the state that some people experience just prior to falling asleep, upon awakening, or occasionally while awake. Those who have had NDEs are more likely to have experienced dreaming while awake than are those who came close to death without experiencing the unique consciousness associated with NDEs.

Normally, we are either awake or asleep. Several microscopic components in the brain’s locus coeruleus act as a switch, toggling us between wakefulness and dreaming. Pain, low blood pressure, or lack of oxygen can cause a portion of the switch called the vlPAG to flip us into a dreaming state or rapid eye movement (REM) consciousness.

When the vlPAG suddenly flips their consciousness, some people may report having an out of body experience (OBE), often accompanied with a sense of well being. After being bitten by a lion, explorer, David Livingston, experienced, “… a sense of dreaminess in which there was no sense of pain or feeling of terror …” Although such experiences occur when the body is in crisis, they can occur at other times as well. Nelson quotes a woman who was “lying anxiously in bed, halfway between being awake and asleep,” who had a sudden OBE.

Two portions of the brain, the temporoparital, and the dorso-lateral prefrontal, regions use little energy during REM sleep. They can be said to be turned off. However, during lucid dreaming,  the dorso-lateral prefrontal region remains turned on. People experiencing lucid dreams are aware that they are dreaming. For hundreds of years, some practitioners of Buddhism in Tibet have trained themselves to experience lucid dreams. Trained lucid dreamers have reported experiencing emotions ranging from fear to ecstasy. Nelson quotes a lucid dreamer’s report of a joyous out of body experience. Afterward, “The euphoria lasted several days, the memory, forever.”

There is a strong similarity between the experiences reported by those who have had vivid lucid dreams and those who have had near death experiences. If the vlPAG suddenly flips consciousness into REM while the dorso-lateral pre-frontal region remains turned on, then one can be dreaming while awake, and perhaps having a spiritual experience or NDE.

Such experiences can be life-changing, but do they prove life after death or the existence of God? There is no reason to think so. However, if the brain is the locus of human experience, that doesn’t refute the possibility of an afterlife or of God’s existence. Countless souls have staked their belief in the divine on their spiritual experiences, regardless of whether or not those experiences arise in the brain.

Those who have had spiritual experiences, as well as, 42 percent of those who have had NDEs report having felt a sense of unity, peace and joy. However, Nelson is unconvinced that spiritual experiences are necessarily accompanied by REM sleep intrusions into wakeful consciousness. He feels that such experiences arise in the brainstem and specifically involve serotonin receptors which are numerous in that region. He cites the experiences of John Lilly who experimented with sensory deprivation chambers and later with LSD in conjunction with sensory deprivation.

The use of powerful hallucinogens does not guarantee spiritual experience. Some experience paranoia rather than bliss. Nelson quotes a man named Frank for whom psychoactive substances brought about a religious delusion. Frank was able to shake his delusion but experienced depression in the process. Clearly psychoactive drugs aren’t toys.

Hospital patients can choose either to be, or not to be, resuscitated. There may come a time when those nearing death can choose whether, or not, to be raptured. When science allows us such choices, it risks offending the religious. Never-the-less, Nelson is hopeful that a new wisdom will arise from considering the brain as a spiritual organ.

Friday, April 23, 2021

Too good to be true?

Extra Sensory: The Science and Pseudoscience of Telepathy and Other Powers of the Mind

Brian Clegg
Non-fiction, 321 pages

If you’re looking for proof of psi phenomena you won’t find it here. Instead, you’ll read a history of poorly designed research and questionable results. This is interesting in itself as an explanation of what constitutes good experimental design and what does not. Although the author describes several theoretical mechanisms that could explain psi phenomena, he also notes that only minimal evidence supports its existence.

 In his conclusion, Brian Clegg notes, “… coming at this with an open mind while frankly wishing that ESP did exist, I have to conclude that the existing experiments have demonstrated nothing more than coincidence, artifacts of the experimental design, misunderstanding, and fraud.”

Physicist, Wolfgang Pauli, became a good friend of psychiatrist, C. G. Jung. The two collaborated together on a book with each contributing a section. In Jung’s section, the psychiatrist describes what he calls synchronicity, a phenomena consisting of meaningful coincidences, and considered to be an acausal connecting principal. Pauli himself experienced a type of synchronicity as the jocularly known Pauli Effect. Reportedly, whenever Pauli entered a laboratory equipment malfunctioned. This occurred frequently enough that it became known as the Pauli effect. Jung’s synchronicity as well as Pauli’s Effect is largely based on anecdotal evidence and not achievable in a laboratory in the same fashion as cards in a deck can be guessed by experiment participants. Much traditional ESP research was conducted using a card deck of five symbols and evaluated by comparing the number the correct guesses to an expected twenty percent of the time. Often there is only a small deviation from the expected results.

Clegg feels that current methods of testing psi phenomena will never produce significant results. “What the researchers seem to have totally forgotten is that they are attempting to verify the validity of hundreds of years of anecdotal evidence. … Real-world ESP is not about small statistical variations; it is about clear, specific communication.”


Monday, April 19, 2021

The bloodshed must stop

"Adieu!" she said softly.
And I put a bullet in the calf of her leg. She sat down—plump! Utter surprise stretched her white face. It was too soon for pain. I had never shot a woman before. I felt queer about it.
"You ought to have known I'd do it!" My voice sounded harsh and savage and like a stranger's in my ears. "Didn't I steal a crutch from a cripple?"
 
Rather than allow her escape, Dashiell Hammett’s detective shoots his suspect. Although firing on non-threatening fleeing suspects is illegal, it doesn’t stop the Continental Op. It doesn’t stop some police officers either. Hammett’s operative experiences moral uncertainty before putting one bullet in a non-lethal spot. I wonder what Rusten Sheskey experienced as he put seven bullets in Jacob Blake’s back while fellow officers watched. I think he used excessive force. Kenosha County District Attorney, Michael Graveley, doesn’t share my opinion. He declined to bring charges against Officer Sheskey.

A few miles from where Derek Chauvin stands trial for George Floyd’s death, a female officer killed yet another, non-threatening, fleeing suspect. She didn’t kneel on his neck for over nine minutes as did Derek Chauvin. Instead she mistook her gun for a taser. Answering your question is police use-of-force expert, Ed Obayashi, summarized in the New York Times, "… the officer can become accustomed to using the same hand to draw either weapon, a habit that can make it harder to tell one from the other in high-pressure situations when muscle memory and instinct kick in."

Okay, that makes sense, but why didn’t she simply let him drive home and arrest him later. I’ve noticed, in some of these recent police killings, the blameworthy officer had an audience, in several cases, rookies. Does that matter or is it coincidence?

A second’s worth of poor video shows 13 year old, Adam Toledo, unarmed, and with hands raised, just before being fatally struck by a bullet. Neuroscience shows that actions can be decided and implemented half a second before they become conscious. The officer made a split-second decision that turned out wrong. Was he wrong?

Yes, according to the Lone Ranger. “I'll shoot to wound, not to kill. A man must die, it's up to the Lord to decide that; not the person behind the six shooter.”

The Lone Ranger had a steady hand and rawhide nerves. He would not have shot Adam Toledo. Only if Adam were armed would the Lone Ranger have fired a wounding shot.

In an ideal world, police would act more like cowboys or Dashiell Hammett detectives. Sam Spade occasionally disarmed bad guys, but he didn’t carry a gun himself. “Yeah, right. What about racist policing?” you ask.

Well, according to the fifth principal of Gene Autry’s Cowboy Code, a cowboy, “must not advocate or possess racially or religiously intolerant ideas.”

At this point you’re thinking I’m talking nonsense You want to remind me that cowboys and movie detectives are make-believe. Yes, I’ll agree, I am talking nonsense. For this I blame the ancient Greeks and Romans. They endowed humans with a rationality that humans don’t always display. In a tense situation, rational responses are less likely to occur than those triggered by reflexes. Perhaps unconscious racism sometimes kicks-in as well.

We need more fool-proof policing methods. For example, instead of having a pistol shape, tasers could be shaped like dildos. I don’t think a cop could mistake a gun for a dildo. Better yet, let’s do away with tasers entirely. Sometimes they fail to subdue suspects, enraging them instead. There must be better mousetraps we can invent.

Lastly, there are many situations that can end peacefully if approached peacefully. Paladin’s calling card read, “Have Gun Will Travel,” but he rarely used his six shooter. He preferred conflict resolution to gunplay. According to Vox, police recruits receive extensive firearms training, but little training in conflict management. It’s time for serious changes in our policing philosophy and methods. The bloodshed must stop.

Friday, April 16, 2021

Gravity. Bet you fall for it too

Gravity: How the Weakest Force in the Universe Shaped Our Lives

Brian Clegg
Non-fiction, 335 pages

Books like this don’t have happy endings. In fact, they don’t have proper endings at all. They begin with questions and end with even more questions. I like to read them anyway.

Clegg begins with history: What were the earliest notions of gravity and how did they evolve? When people think of gravity they often think of Isaac Newton, but the idea of gravity had precedents in ancient Greek thought. Later, Copernicus, Kepler, Galileo and others elaborated on the ideas that later influenced Newton. Then in the twentieth century, Albert Einstein introduced an entirely new framework for understanding gravity.

 About the time Einstein was tackling gravity, other scientists were developing quantum physics. Now a new problem arose. Einstein’s gravity is very good at explaining the behavior of large objects like stars and planets, while quantum physics can account for the behavior of small objects like atoms and particles. However, the two theories don’t play well with each other.

 In the latter half of the twentieth century string theory was developed as a means of unifying the two theories. String theory, however, introduces a number of unanswerable questions.  Clegg discusses several newer theories that may help resolve the problems of string theory. One of these was inspired by graphene, a one atom thick layer of graphite. When graphene is cooled to an extreme temperature, it appears to violate the rules of special relativity. Peter Horava wondered about the implications of this finding. Einstein gave us the concept of space-time. Horava’s theory breaks space and time apart again. By doing so, he is able to make general relativity and quantum physics work together.

 All of the recently emerging theories will require further research. Gravity, the weakest of the four forces, has remained elusive. Gravitons have been hypothesized, yet never found.

Friday, April 09, 2021

Ephemera? I don't think so

Brain Wars the scientific battle over the existence of the mind and the proof that will change the way we live our lives
Mario Beauregard
Non-fiction 250 pages
HarperOne. 2012

Mario Beauregard introduces his book stating, that according to materialist science only the brain exists; that mind, soul, and consciousness are ephemera produced by the brain and as such, cannot exist independently of the brain. The Cartesian model of brain/mind dualism is false. Only the brain exists, nothing more.

This is essentially the view taken by several materialist theories. The author argues, however, that none of these theories provide a satisfactory answers to what David Chalmers calls the "hard problem "of consciousness which ponders how experience arises from brain processes.

Chalmers is a philosopher. I am not. I wonder if subjective experience isn't just another ephemera produced by the brain. On the other hand, my subjective experience seems real enough that I wonder if those who question the materialist view are correct after all. Beauregard claims that, "multiple lines of hard evidence show that mental events do exist and can significantly influence the functioning of our brains and bodies. They also show that our minds can affect events occurring outside the confines of our bodies, and that we can access consciously transcendent realms—even when the brain is apparently not functioning."

I'm not sure that I buy the first of Beauregard's premises, that mental events exist and can influence body and brain. In the first chapter, "The Power of Belief to Cure or Kill" he shows how Voodoo can kill and placebos can cure. But how does this refute the materialists? Why can't mental events and beliefs be products of the brain, and therefore ephemera?

In his sixth chapter, Beauregard cites psychic (or psi) phenomena such as extrasensory perception (ESP) and psychokinesis as evidence that consciousness exists apart from the brain. Since psi phenomena are non-local, how can they be produced by a local mechanism such as the brain? Although Beauregard's argument has become more compelling, I am still inclined to reject it.

Many skeptics reject the existence of psi phenomena. However, Beauregard and others make a compelling case for its reality. Although early psychic researchers were sometimes taken in by charlatans, contemporary researchers use more rigorous methods. Using sophisticated procedures to insure accuracy, they still achieve results that are highly unlikely to be due to chance.

Today, it is not the psychic researchers but the skeptics who are biased. Psi is an established fact. However, the fact that it occurs does not mean that it occurs frequently and dependably. It remains a rare human experience. Does it prove that consciousness can exist independently of the brain? I don't think so. People have claimed to pick up radio stations through the filings in their teeth. Perhaps the brain occasionally acts like a radio and picks up non-local information. That wouldn't prove that consciousness exists apart from the brain.

In his seventh chapter, Beauregard makes his most persuasive point. If consciousness is merely a phenomena of the brain, how is it that people report being conscious during near death experiences? More remarkably, how is it that they report such vivid experiences when their brains are working at greatly reduced capacities?

Other books have addressed these questions. One such book, "The Spiritual Doorway in the Brain: A Neurologist's Search for the God Experience", examines near death experiences (NDEs) in great detail. Author, Kevin Nelson neatly explains all the phenomena associated with NDEs as products of the brain responding to particular conditions. Although he dissects each phenomena thoroughly, his cumulative explanations do not adequately explain the detailed and complex narratives that some people have reported after returning from the brink of death.

It is because NDE narratives can be so complex and detailed that I am inclined to think that diminished brain function can only explain the grosser aspects of NDEs and not their details. However, other factors may be involved. Perhaps in some cases NDE memories are simple confabulations, false memories invented by troubled brains to explain what they can't understand.

Beauregard presents several very compelling cases of NDEs. One such is the case of Pam Reynolds. Prior to brain surgery she was chilled to a point of near-death. Blood no longer pumped through her brain. Her eyes were taped shut, yet she reported observing her operation while outside her body. Is this a case of invented memory, or did it actually occur? If so, does this prove that consciousness exists independently of the brain?

For his final arguments, Beauregard looks toward mysticism and quantum physics. In 1976, biomedical researcher and atheist, Dr. Allan Smith had a life changing mystical experience while observing a sunset. While NDEs are often reported after body and brain trauma, there was no apparent cause for Dr. Smith's experience. Throughout history people have had mystical experiences in which they perceive themselves to be one with everything and no longer confined by a mortal human existence. Psychiatrist, Richard Maurice Bucke, gave the phenomena a name. He called it Cosmic Consciousness.

Early in its development, quantum mechanics encountered a problem—one that remains a mystery to this day. The problem is this: the act of observation influences the phenomena that is observed. Scientists have attempted to explain this in a number of ways, but never to everyone's satisfaction.

Some people claim that consciousness affects external phenomena, yet this is only one way of viewing the interconnectedness of observers with observations. It may be that the human mind lacks sufficient language or logic to understand the reality. It may be that the theory of quantum mechanics is missing an undiscovered piece. This is what Einstein thought.

Einstein knew that quantum mechanics allowed for the possibility of entangled particles. These are particles that mirror each other, seemingly instantly and at any distance. Einstein and his two collaborators wrote that because non-locality, or "spooky action at a distance" isn't possible, then something must be missing from quantum mechanics.

Einstein was wrong. During the final years of the 20th century, non-locality was proven to exist. The implication of non-locality is that everything is connected and indivisible. That means the mystics are correct. Each of us is indeed one with everything. Consciousness is not dependent on the brain.

Yet countless books on neuroscience make it plainly clear that if certain regions of the brain are damaged, then profound changes in personality emerge. The same can be said for changes in sense perceptions, speech, mobility, etc. How then, can it be said that consciousness does not depend on the brain?

Books like this, as well as those which attempt to prove an opposite view, often fail to define consciousness in a thorough manner. An initial omission of definition flaws the ensuing discussion. Whether consciousness is ephemera produced by brains, or whether it is non-local and nondependent on brains, is a question that can't be resolved until we agree on just what consciousness is.

Thursday, April 08, 2021

Cut them down to size

Illustration of USA wealth curve 2016
USA wealth curve 2016





When shrubbery gets overgrown it must be pruned. Same goes for big corporations sprouting monopolistic tendrils. But it's easier to prune a garden than an economy. About half a dozen companies buoy up the value of the stock market. Of those, five are major tech companies. They trade as AAPL, MSFT, AMZN, GOOGL and FB. Most, if not all, of these engage, or have engaged, in monopolistic practices.

Now and then these companies come under scrutiny, but little ever gets done. If one political party has a good idea, the other calls it a partisan ploy. One big reason our politics is so partisan comes down to the influence of large unregulated corporations. Today there are no fairness doctrines to constrain broadcast media, and no rules at all for social media.

Aside from partisan politics, trust-busting doesn't come easy. To tilt at financial monoliths without regard as to where their rubble will topple would be dangerously quixotic. Monopolies must be disassembled carefully. Adding to a hesitancy to disassemble them is the unspoken fear of unleashing the Invisible Hand.

I hope some day to be able to prove my belief that bad old ideas become parasites that stunt the growth of new thoughts. Adam Smith used the term Invisible Hand only twice in his writings and never in the context in which it's popularly used. The idea that an Invisible Hand will balance financial markets in lieu of regulating them has never been tested. That's because financial markets have always been regulated. When regulations were weakened to allow the Invisible Hand more freedom to balance markets, lenders and borrowers got greedy. The result was the Great Recession of 2008. When the government realized that banks were too big to fail — that if the banks failed the greater economy would collapse — it rescued them financially. Institutions were enabled while common folks lost their homes. Enamored of their bonuses, bankers quickly returned to believing in the balancing Invisible Hand.

Because they were too big to fail, the largest financial institutions should have been reorganized. They weren't. Small competitors can play a bit dirty without disturbing the economic order, but when large companies do so, they have become monopolies, and must be cut down for the social good.

It's high time for companies like AAPL, MSFT, AMZN, GOOGL and FB to face regulation and partial disassembly into companies designed to collaborate and compete with smaller entrepreneurs. Just like the Tooth Fairy, there is no Invisible Hand. It's a myth the greedy promoted while grabbing advantages for themselves.

America needs a more balanced economy; one with a larger middle class and reduced levels of both poverty and opulence. Pruning monopolies like the big five will help achieve this but it's not enough to rebalance our economy. According to Economic Policy Institute:

"In 2019, the ratio of CEO-to-typical-worker compensation was 320-to-1 under the realized measure of CEO pay; that is up from 293-to-1 in 2018 and a big increase from 21-to-1 in 1965 and 61-to-1 in 1989."

In 1965, a worker in 1965 whose boss made 21 times his salary could be invited to his boss' home for dinner. In 2019, a worker earning 320 times less than his boss is unlikely to ever meet him. Not only has the degree of income inequality increased enormously, class distinctions have grown, and our sense of community has shrunk. Back in 1965 the wealthiest paid high progressive taxes. They may have complained, but they didn't suffer all that much. We need to tax wealth to prevent it from growing into a weed that disrupts social harmony.

Lastly, a Hands-On effort to balance our economy will work faster and more efficiently than an Invisible Hand ever will. Yet we need to be cautious. The Soviet planned economy didn't work well. It might work better today because of our abundance of internet driven consumer data. Still, we shouldn't attempt it. When Capitalism excels it 's because competing businesses create innovation. Innovation stops happening when companies grow too large. We need to encourage innovation and that means more entrepreneurs and fewer corporate monoliths.

But we won't have more entrepreneurs without the right economic conditions. While many entrepreneurs start with little capital, they can't start at all if they live from one paycheck to the next. Universal Basic Income (UBI), or similar stimulus programs could allow people to take entrepreneurial  risks without risking everything. Larger organizations could receive government startup funding. A helping economy unleashing creativity and innovation is what we need to reverse climate change and restore American prosperity.


V.O Diedlaff is author of, We Can Fix It: Reclaiming the American Dream.

Friday, April 02, 2021

We have met the enemy and he is us.


The War of Art: Winning the Inner Creative Battle

Steven Pressfield
Non-fiction, 167 pages

"The War of Art" like Sun Tsu’s similarly named, “The Art of War,” is about winning battles. Both brief volumes address their themes through a series of short chapters which build upon and clarify earlier chapters.

While Sun Tsu addresses war on the battlefield, Steven Pressfield addresses the artist’s battle against resistance. Although artists, particularly writers, comprise Pressfield’s primary audience, the problem of resistance is universal. Resistance can prevent anyone from achieving life’s higher purposes, whether those be artistic, altruistic, educational, entrepreneurial, healthful, moral or spiritual. Resistance is a force that inhibits those activities which lead to personal growth but not activities performed to appease our lower nature. Some of these activities (think instant gratification) are themselves symptoms of resistance.

Symptoms of resistance include: procrastination; instant gratification, through abuse of alcohol, junk food, television, etc.; attention getting through trouble-making, grandstanding, etc.; creating life complications by creating personal dramas, playing victim or martyr, etc.; and being cruel to, or critical of, others. Procrastination is resistance’s most typical symptom. Resistance’s closest ally is rationalization; procrastination is extremely easy to rationalize. Once rationalized, procrastination becomes habitual. We may even find ourselves believing our rationalizations.

Resistance causes personal dissatisfaction; a sense of boredom, antsiness, listlessness, joylessness and self-loathing. As resistance mounts, bad habits and mood or behavioral disorders begin to emerge. Our consumer culture further complicates the resistance problem. Consumerism fans the flames of resistance while selling us panaceas offering temporary relief.

Fear underlies resistance, and though, Pressfield doesn’t dwell upon it, it also underlies consumerism. We fear no one will like us if we don’t buy the right deodorant or laundry soap. We fear boredom; that’s why the radio and television are always on. We fear being alone; that’s why we take our cell phones everywhere.

We fear many things. We fear rejection. We fear failure. We even, and especially, fear success. Fear, in all its forms, drives resistance and resistance prevents us from achieving personal growth. Borrowing from Jungian psychology, Pressfield considers the self to be the source of creativity and personal growth, while the ego is the source of resistance.

Resistance can be countered through the act of “turning pro.” The difference between a professional and an amateur is that for the amateur the stakes are small making it easy to rationalize procrastination and other forms of resistance. The professional treats his art like most people treat their jobs. People may not like going to work every day but they go anyway, arriving on time and staying the entire eight hours. Professionals don’t permit themselves excuses when it comes to their art. They stick to their art regardless of criticism, lack of remuneration, and setbacks. They stick to their art out of love, because it’s important to their self-development, and they stick to it even when it’s unpleasant and difficult.

Pressfield’s book is more of a ‘challenge’ than a ‘how-to.’ It’s earthy, and it de-glamorizes the artistic life. Still, Pressfield’s arguments make sense, and his style is engaging. “The War of Art” is well worth reading.

*Title is a quote from Walt Kelly's Pogo comic strip