Report from an Academy 2: Charlatans, Failures, and Frauds

by Paul North

Royal_Academy_of_Music _London_W1With the previous post I began a new series, cognominated "Reports from an Academy." The reports are pure fiction. Imagine, if you would, a middle-aged professor of literature at an elite institution, call it Nevahwen University. Each month, worrying that it will all be over soon, a slipshod, unsystematic professor still in his good years, or so they tell him, pens a bulletin to the outside, without much hope anybody will receive it. Nevahwen is the school's name as well as its motto. Will the conflict between understanding the world and becoming successful in the world finally be decided in favor of understanding? This is the professor's eternal question. He asks: when? Wen? In a cynical mood, his answer is: Nevah. Nevahwen. Postcards from the front lines of a battle over the future—at the clash site of two generations, two or more economic classes, and in the midst of these conflicts, tiptoeing along a schism between the value of understanding and the value of success—postcards from the schism, these reports portray experiences that may be hard for those at home to fathom. Take them as proof the professor is still alive. Take them as recognitions of failure or declarations of hope. Take them as you will.

Charlatans, Failures, and Frauds

These three undesirables have one thing in common, they don't live up to expectations. What seems full of promise turns out to be empty. The product is different than you anticipated, worse than you wanted; promises turn out to be either fast talk, impotence, or lies. Charlatans, failures, and frauds: we want none of them in this Academy. Or, more precisely, we accept a certain amount of failure, but only if it is limited in scope, and it is really only tolerable if failure points the way to success. We must always learn from our mistakes. We must always learn from our mistakes.

Today I report on a point of indistinction. There is a point, hard to reach, even harder to recognize, when the three—charlatan, failure, fraud—become virtually indistinguishable. At this dicey point, someone presents an experiment, a historical thesis, a speculative proposal and neither you nor anyone else can tell whether the hypothesis is trumped up, whether the scientist or researcher has talked themselves into something they will later repudiate and regret, whether the world is simply not as they say and the thesis is flat wrong, or whether they are lying to themselves and as a consequence to others. It is a moment of high dubiousness. Then again, it is also a moment of possibility, where something unexpected could happen. We are not accusing our colleagues in the profession of anything. In fact, they show the utmost in professionalism, thoroughness of research, methodological rigor, and integrity. Yet there used to be a type…

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Heather Heyer & Charlottesville: White America’s Thirst for White Martyrs of Racial Violence

Emmett Tillby Akim Reinhardt

It began with Emmett Till.

He was a fourteen year old black boy from Chicago visiting relatives in Mississippi in 1954 when two white men lynched him to death for whistling at a white woman. That in itself, sadly, wasn’t so unusual. Thousands of African Americans were lynched to death during the first half of the 20th century. What was different about this particular lynching was his mother’s response.

Till’s mother demanded her son’s body be returned to Chicago instead of getting a quick burial in Mississippi. She then insisted upon an open-casket funeral so the world could see what they had done to her boy. The black press covered the funeral as upwards of 50,000 black mourners passed by the coffin. Jet magazine and The Chicago Defender newspaper published photos of his body, mutilated almost beyond recognition. Afterwards, mainstream (white) national publications also ran the pictures and covered the story in depth, and Emmett Till entered the larger white consciousness as a martyr of racial violence.

Needless to say, there have been countless black (and Latinx and Indigenous and Asian) victims of racial violence in America over the last four centuries. How many black people have been killed or maimed by whites for, essentially, being black? The number is impossible to know. As an American historian, I suspect that tens of thousands would be an underestimate. When considering the ravages of slavery and decades of subsequent lynch violence, the number could easily be in the hundreds of thousands.

Yet prior to Emmett Till, almost none of them ever entered white consciousness as martyrs. Till became the first, the token black, the only one from among the countless thousands who most white people ever learned about in school or could cite by name. That slavery and Jim Crow repression wrought horrible violence was no secret. But upon whom, specifically?

In the 1960s, Till was joined in this sad canon only by Martin Luther King, Medgar Evers (briefly), and Malcolm X (only to a minority of whites). However, with the death of King in 1968, white consciousness considered the civil rights era over, largely went into hiding on the issue of race, and stopped acknowledging new black martyrs of white racial violence.

Why?

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Not Talking About Affirmative Action

by Michael Liss

I don't want to talk about affirmative action. It's a messy, horrible topic. Nypl.digitalcollections.510d47d9-c1d7-a3d9-e040-e00a18064a99.001.v

I just don't want to talk about it. But earlier this month, the New York Times reported on a new Jeff Sessions initiative to hire political appointees for the DOJ's Civil Rights Division for "investigations and possible litigation related to intentional race-based discrimination." By "intentional race-based discrimination," the AG means race-based discrimination against races other than African Americans or Latinos.

And I don't want to go there. Republicans, largely speaking off the record, see this as a win for Sessions personally, as it pleases Trump at a time where Trump-pleasing might be important for Sessions. And it's a win for the GOP, where affirmative action is broadly unpopular not only among party members, but also with more moderate suburban middle and upper middle class voters who approach the college application period with dread.

I'm still not going to going to be sucked in. Sessions' motives and whatever political calculations they reflect are irrelevant. The historical record on the systematic exclusion of minorities is an irrefutable disgrace, but, when it comes to remedies, particularly their legality, reasonable people can disagree. Either affirmative action is Constitutionally permissible, or it isn't, and the Supreme Court gets to make that decision. To be technical, there's no such thing as affirmative action—it's been banned by the Supreme Court since the Regents vs Bakke decision in 1978. What has been permitted, although narrowed by an increasingly conservative Court (see last year's 4-to-3 decision in Fisher v. University of Texas) is that universities can continue using race as one of multiple factors in their admissions decisions. This is what Sessions is targeting. He really isn't talking about pure merit—he's fine with the 21 other herbs and spices that are the alchemy of determining an incoming Freshman—but race will be out, and he's prepared to use the considerable power, and budget, of the DOJ to make sure it stays out.

What's next? It's not hard to predict that a lot of people who are enthusiastic about Sessions' goal will be end up being both disturbed and disappointed. Until the Supreme Court rules, he can't just snap his fingers and erase any and all considerations of race in the process. And, even if he were given an unlimited budget to pursue this, he wouldn't be able to investigate hundreds of colleges. The best he can do in the short term is to mount a few selective prosecutions of those he sees as excessively friendly to minority applications, and, by extension, hope to intimidate/influence the rest into altering their stated policies.

But here's his real problem (and it's the problem of applicants who expect to benefit from the new policy): The existence of a stated "pro-minority" process is easy to prove. Demonstrating the adverse impact of it on an individual basis as means of achieving redress might be much more difficult. To do that, to find out who really benefited and who was "wronged," he's going to need a lot of personal and granular data on every applicant, not just minorities, and then try to reverse engineer the admissions calculus, substituting his own views of who is worthy for the judgment of the school.

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The leadership dilemma of AI…or…Leadership, the Next Generation.

by Sarah Firisen

Screen-Shot-2017-08-15-at-7.48.21-AMWatch this video. No, I mean, right now, go and watch this video, I’ll wait. Even if you don’t agree with all of it, even if you think it’s unnecessary scaremongering, you should still find it thought provoking and at least a little scary (most people find it terrifying), and if you don't, then you’re really not paying attention. If you can’t be bothered to watch it, the basic premise is that we are very very quickly, far quicker than most of us realize, moving towards a world with so much automation that “Humans need not apply” for most jobs. That we are moving towards a very near-term future where humans, like horses in the past, aren’t just unemployed, they’re unemployable.

Bill Gates famously wrote, “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction." It might be tempting to brush off predictions of a future without human work. And indeed, today, the likelihood of such a future does depends who you ask; the US government says not to worry (and this was before the current science denying administration), the UK government is less convinced.

By some predictions, more than half the human race could be unemployed, and more importantly unemployable, by as early as 2045. Uber recently bought Otto, an autonomous truck company. In October 2016 they made their first delivery, 50,000 beers. In the US alone there are 3.5 million truck drivers. That’s a lot of jobs and a lot of people to find additional employment for, but it’s not half the human race by any standards – even though transportation is the largest employment category in the world. Nevertheless, maybe it’s just, as the UK Science and Technology Committee says, that “Human beings must develop new skills to compete in a world where artificial intelligence is becoming more prevalent”. This is hardly a new problem; the 19th century Luddites were a group of English workers who destroyed machinery, particularly in the mills, because they feared it would take their livelihood away from them. They were right, it did, but those weren’t great jobs. Mill work was strenuous, poorly paid labor that often led to chronic, sometimes fatal illnesses. The industrial revolution eventually significantly increased the standard of living for the general population.

The prediction of Jason Furman, chairman of the White House Council of Economic Advisers is that "AI will grow the economy instead of take jobs away. While some jobs may disappear, AI will create new jobs and consumer demand for new products and services”. But while there may be some truth to that, this isn’t like the Victorian industrial revolution, this is different, both in scale and in the kinds of jobs that are already being automated.

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Ending the forever war on drugs, pt. 4: libertarianism and the nanny state

by Dave Maier

Previous installments: pt. 1, pt. 2, pt. 3

A few months back I wrote a letter to the editor of my local newspaper, the first time I had ever done that, and they printed it. A number of legislators in my state had held a news conference announcing their plan to legalize, regulate, and tax the sale and use of marijuana in New Jersey. Unfortunately for them, our state’s governor, Chris Christie, has made it perfectly clear that he would veto any such bill, so that plan is on hold for now. (There is a gubernatorial election this year to replace the term-limited and in any case unprecedentedly unpopular Christie, and the highly favored Democratic candidate, one Phil Murphy, has indicated his support for legalization.) As the reporter noted, the legislators had made a big deal about how much tax revenue this plan would raise, and had suggested that this might be part of a solution to the state’s pension crisis. Governor Christie had of course rejected the idea, citing his belief that marijuana is a “gateway drug”, that supporters of legalization are “just stupid liberals who think that everything is okay” and that, especially during an opioid crisis, such tax revenue would amount to “blood money.”

PotplantsIn my letter (they don’t allow you much space, so I had to be brief) I agreed with the Governor that if marijuana really is as bad as he believes, then we might very well be better off spurning the tax money that legalization would raise; but I also pointed him, and everyone else, to the online resources on the subject available at, for example, the Marijuana Policy Project (the paper doesn’t allow web addresses in their letters, but here I can link) – in particular, the careful refutation available there of the “gateway” theory (a theory which, one might note, even the DEA no longer endorses). I concluded with a plea that, given that this issue will (thanks to Murphy’s endorsement of the idea) be an important one in the fall campaign, we should all do our homework in order to show other states “how we do public policy in the Garden State.”

Alas, my plea has fallen on deaf ears. In the past couple of weeks, there have been in the Bergen Record two op-eds and a number of letters on the issue, none of which (even the sensible ones) show any evidence of a whole lot of homework-doing.

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Ghost Dancing in the USA

by Bill Benzon

In 1889 a young Paiute Indian named Wovoka fell ill with a fever and, in his delirium, visited heaven. While there he talked with God and saw that all the Indians who had died were now young and happy doing the things they had done before the White Man had come upon them. News of the new messiah spread rapidly among the remnants of the Indian tribes. If they danced the right dances, sang the right songs, and wore their consecrated Ghost Shirts, not only would they be immune to the White Man’s bullets, but their loved ones would return to them, the White Man would vanish from the face of the earth, and the buffalo would once again be plentiful. Their fervor and belief were not rewarded and the Ghost Dance, as this last wave of revivals came to be known, soon passed into history.

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That, however, is not the Ghost Dancing that concerns me. I mention it only to provide some comparative perspective. Anthropologists and historians have told that story hundreds if not thousands of times. It is the story of a people’s last desperate attempt to retain symbolic control over their world. Such revivals occur when a way of life has become impossible, for whatever reason, but the people themselves continue to live. In desperation they resort to magic to remake the world in terms they understand.

The Ghost Dancing that concerns me is not that of Stone Age people displaced and conquered by iron-mongering and coal-burning industrialists. My concern is the Ghost Dancing that has become a major force in contemporary American cultural and political life. Widespread belief in the impending Rapture – when all good Christians will be taken to heaven and all unbelievers consigned to hell – is the most obvious manifestation of the contemporary Ghost Dance. But it is hardly the only manifestation. Refusal to accept evidence of global warning is another symptom, as was the refusal to attend to ground intelligence in conducting the war and reconstruction in Iraq.

For that matter, belief that the so-called Singularity is at hand – when computers will surpass humans in intelligence – is Ghost Dancing as well. This type of Ghost Dancing may seem rather geekish and harmless, for there aren’t all that many of these particular believers. Belief in the Singularity, however, is close kin to continued belief in the feasibility of an effective anti-missile defense systems, in the Pentagon’s desire to develop a highly robotized military where the machines do the riskiest jobs, and in a more general belief that technology will fix everything.

Contemporary American Ghost Dancing has not, of course, been occasioned by colonialism or conquest. The modern American way of life has not been destroyed by external enemies. America has become and still remains the strongest nation on earth. Our vulnerability has subtler sources.

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God’s Gift to Men

Zoë Heller in the New York Review of Books:

ScreenHunter_2795 Aug. 20 20.46Perhaps the greatest service that the director Patty Jenkins does her protagonist in Wonder Woman, the Warner Brothers blockbuster released this June, is to give her a new set of clothes. The female superhero has been charged with various ideological impurities over the years—jingoism, a too-cozy relationship with America’s military-industrial complex, an excessively heteronormative lifestyle—but by far the most frequent complaints have been about her man-pleasing, bondage-inflected get-up. Those go-go boots! Those bracelets of submission! That quivering embonpoint! It’s hard to be taken seriously as a feminist icon when the only thing you’ve got to wear to work is a star-spangled corset.

The costume worn by Wonder Woman’s star, the Israeli actress and former beauty queen Gal Gadot, is altogether more stern. The kinky boots have been replaced by a pair of gladiatorial thigh-highs; the body suit, constructed out of some cunning alloy of spandex and bronze, is, if not quite armor, at least armor-themed. The outfit isn’t much less revealing, and only marginally more practical, than the old one. (It’s still strapless and her legs must still get rather chilly when she’s stalking villains in cold climates.) But it does at least communicate some martial ferocity and menace. Thus attired, Wonder Woman might plausibly intimidate even her haters at the UN.

Sadly, whatever fresh potency she has acquired from the wardrobe department is offset by the film’s anxious insistence on demonstrating the femininity that lies beneath her breastplate.

More here.

Noam Chomsky: Antifa is a ‘major gift to the Right’

Steven Nelson in the Washington Examiner:

_97331208_gettyimages-830767670The left-wing "Antifa" movement is rising in prominence after clashing with white supremacists in Charlottesville, Va., but one progressive scholar says the anti-fascists feed the fire they seek to extinguish.

"As for Antifa, it's a minuscule fringe of the Left, just as its predecessors were," Noam Chomsky told the Washington Examiner. "It's a major gift to the Right, including the militant Right, who are exuberant."

Many activists affiliated with the loosely organized Antifa movement consider themselves anarchists or socialists. They often wear black and take measures to conceal their identity.

Chomsky said, "what they do is often wrong in principle – like blocking talks – and [the movement] is generally self-destructive."

"When confrontation shifts to the arena of violence, it's the toughest and most brutal who win – and we know who that is," said Chomsky, a professor emeritus of linguistics at the Massachusetts Institute of Technology. "That's quite apart from the opportunity costs – the loss of the opportunity for education, organizing, and serious and constructive activism."

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My fellow authors are too busy chasing prizes to write about what matters

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Amit Chaudhuri in The Guardian:

The idea that a “book of the year” can be assessed annually by a bunch of people – judges who have to read almost a book a day – is absurd, as is the idea that this is any way of honouring a writer. A writer will be judged over time, by their oeuvre, and by readers and other writers who have continued to find new meaning in their writing. The Booker prize is disingenuous not only for excluding certain forms of fiction (short stories and novellas are out of the reckoning), but for not actually considering all the novels published that year, as it asks publishers to nominate a certain number of novels only. What it creates is not so much a form of attention but a midnight ball. The first marketing instrument is the longlist (this year’s was announced last month): 13 novels arrayed like Cinderellas waiting to catch the prince’s eye. (Those not on the longlist find they’ve suddenly turned into maidservants.)

When the shortlist is announced, the enchantment lifts from those among the 13 not on it: they become figments of the imagination. Then the announcement of the winner renders invisible, as if by a wave of the wand, the other shortlisted writers. The princess and the prince are united as if the outcome was always inevitable: at least such is, largely, the obedient response of the press. And the magic dust of the free market gives to the episode the fairytale-like inevitability Karl Popper said history-writing possesses: once history happens in a certain way, it’s unimaginable that any other outcome was possible.

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Interview with Mariana Mazzucato

Mariana-mazzucato

Hilary Lamb interviews Mariana Mazzucato in Times Higher Education:

What are the greatest misconceptions surrounding innovation policy?

That innovation happens when the state gets out of the way. As I showed in The Entrepreneurial State, exactly the opposite is true. Many game-changing breakthroughs – the internet, biotechnology, nanotechnology and today’s emerging green technology – are the result of risk-taking, bold, entrepreneurial action by public sector institutions. But storytellers rule the world, and the idea of the lone, garage tinkerer triumphing against the odds is a great story. Steve Jobs coming up with the iPhone is a great story. But it’s only half true. Almost all the technological developments that made the iPhone possible were the result of state investments right along the innovation chain.

You argue that government is a market shaper: what do you mean by this?

Orthodox economics imagines a very limited role for the state in the economy – to fix market failures in areas where there is a clearly defined “public good”. But this model doesn’t do a very good job of describing how many public agencies have acted in the past, or of providing a policy framework for governments to apply the right lessons from Silicon Valley. From Darpa [the Defense Advanced Research Projects Agency] and SBIR [the Small Business Innovation Research programme] in the US to [the venture capital fund] Yozma in Israel, and Sitra [the Finnish Innovation Fund] and Tekes [the Finnish Funding Agency for Innovation] in Finland, public agencies have actively shaped and created new markets. And arguably China is doing the same now with investments in new green technologies…instead of seeing policy as “intervening” in the market, we should see it as co-creating it. This also means that we need to be more vigilant about what is being created, and here civil society has a key role.

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Sunday Poem

Let Us Play

Let’s dig tunnels.
Let’s build bridges.
Let’s get close
like clouds of midges.
What was under
Mr Brunel’s hat?
His love-letters
And his sandwidges.
Let us cross that big divide.
Let us go and coincide.
And with the space between deducted,
Let us mind what’s been constructed.

You provide the motion and I’ll start the debate.
You provide the provender and I’ll supply the napkin
and the plate.
Let’s combine this life of mine with your own
slender fate.
Let me elaborate.
Let’s be thick as thieves can be.
Let’s thicken up the ice and then entice
the world to skate.
You be narrow, I’ll be straight.
You be weight and I’ll be volume.
Let’s make a pair of zeros
make a bigger figure eight.
Let’s collaborate.

by John Hegley
from: Peace, Love and Potatoes
publisher: Serpent's Tail, London, 2012

How did American Naziism begin?

Randy Dotinga in Christian Science Monitor:

BookOn a February day in 1939, New York City cops gathered around Madison Square Garden to protect the 20,000 fascists inside and the surrounding protesters who numbered as many as 100,000. There wouldn't be a larger police presence in the city until 9/11. According to historian Arnie Bernstein, "the cops said they had enough men on hand to stop a revolution." The Nazi sympathizers in the arena, there to see the fascist German-American Bund organization, wouldn't have minded setting off a revolt. After all, in their minds, the man of the day – this was the Bund's “George Washington Birthday Celebration" – had helped spark a revolution as the "First American Fascist.” Outside, just as in Charlottesville, outraged protesters decried the hatred. "They were like what we saw in Charlottesville, a cross section of Americans," Bernstein says. "Young, old, black, white, Jew, gentile, people from political groups of all stripes, including Trotskyites and other fringe figures as well as more mainstream groups. It was a massive scene, and a few Bundists took punches as they left. Most tried to hide their identity as Bund members." The Bund and its toxic American fascism are largely forgotten now. But they were significant players in the America their time, says Bernstein, author of 2013's Swastika Nation: Fritz Kuhn and the Rise and Fall of the German-American Bund. In a Monitor interview, Bernstein talks about the roots of the American fascist movement, the parallels to today, and why Americans should not despair.

Q: What started this movement?

The German-American Bund was born out of various factions and groups that came into being during the 1920s post-war era, when Germans immigrants and descendants of previous immigrant generations in the US were faced with enormous prejudices. These groups looked back to the Fatherland, the rise of Hitler and National Socialism for inspiration. They adopted uniforms resembling those of SS and brownshirts, created family retreats where they could espouse their ideals in private with like-minded individuals, printed their own newspaper, and held parades among with other activities. The Bund was led by Fritz Kuhn, who labeled himself “the Bundesführer." Kuhn was a German immigrant himself and a Hitler loyalist.

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Want to know where Trump’s “blame on both sides” rhetoric could lead? Look to Yugoslavia

Catherine Baker in Prospect Magazine:

Trump-620x414The very day that ‘white identitarians’ called a rally in Charlottesville to protest against the recent removal of a monument to the Confederate leader Robert E. Lee, anti-fascist campaigners started warning it would bring white supremacist violence to the city. That violence manifested last weekend when a man linked to the openly fascist group Vanguard America allegedly killed one activist, Heather Heyer, and injured at least 19 others with his car. Armed white nationalists also reportedly intimidated the Congregation Beth Israel synagogue and beat black and left-wing counter-protestors with the same torches that had created the spectacle of a neo-Nazi torchlight parade. Donald Trump’s remarks at a press briefing inside Trump Tower on Tuesday evening, however, shocked many journalists and politicians when he stated that “there’s blame on both sides”—narrating the violence in similar terms to those used by a New York Times reporter, who had tweeted about seeing “club-wielding ‘antifa’ beating white nationalists.” The left, Trump said, held equal responsibility for the violence with the alt-right. In stating there had been violence on “both sides” without any further context, Trump amplified the narrative of Charlottesville that white supremacists themselves had been telling the media—and employed the dangerous language of relativization. This sort of language is a familiar one to historians of the twentieth century: it is with the language of relativization that leaders responsible for ethnic conflict have disclaimed responsibility for planning and organizing the persecution of groups they have identified as enemies.

Both the Yugoslav wars of the 1990s, and Russia’s 2014 annexation of Crimea and support for separatists in eastern Ukraine, gave rise to persistent claims that there had been violence on all sides or “all sides had committed crimes.” Usually by design, these covered up how much stronger one side was than another, or which side had been most heavily implicated in the outbreak of war.

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Unraveling the mystery of why people act as they do

Michael Shermer in The American Scholar:

9780143110910Have you ever thought about killing someone? I have, and I confess that it brought me peculiar feelings of pleasure to fantasize about putting the hurt on someone who had wronged me. I am not alone. According to the evolutionary psychologist David Buss, who asked thousands of people this same question and reported the data in his 2005 book, The Murderer Next Door, 91 percent of men and 84 percent of women reported having had at least one vivid homicidal fantasy in their life. It turns out that nearly all murders (90 percent by some estimates) are moralistic in nature—not cold-blooded killing for money or assets, but hot-blooded homicide in which perpetrators believe that their victims deserve to die. The murderer is judge, jury, and executioner in a trial that can take only seconds to carry out.

What happens in brains and bodies at the moment humans engage in violence with other humans? That is the subject of Stanford University neurobiologist and primatologist Robert M. Sapolsky’s Behave: The Biology of Humans at Our Best and Worst. The book is Sapolsky’s magnum opus, not just in length, scope (nearly every aspect of the human condition is considered), and depth (thousands of references document decades of research by Sapolsky and many others) but also in importance as the acclaimed scientist integrates numerous disciplines to explain both our inner demons and our better angels. It is a magnificent culmination of integrative thinking, on par with similar authoritative works, such as Jared Diamond’s Guns, Germs, and Steel and Steven Pinker’s The Better Angels of Our Nature. Its length and detail are daunting, but Sapolsky’s engaging style—honed through decades of writing editorials, review essays, and columns for The Wall Street Journal, as well as popular science books (Why Zebras Don’t Get Ulcers, A Primate’s Memoir)—carries the reader effortlessly from one subject to the next. The work is a monumental contribution to the scientific understanding of human behavior that belongs on every bookshelf and many a course syllabus.

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Massive Rise Of Top Incomes Is Mostly Driven By Capital

Matt Bruenig in People's Policy Project:

In the New York Times, David Leonhardt shared a version of the following graph produced by Piketty, Saez, and Zucman as part of their Distributive National Accounts project.

What the graph shows is that top incomes increased massively between 1980 and 2014, while the incomes of other groups grew much more slowly, with the vast majority of adults experiencing income gains below the national average.

To supplement this graph, I have decomposed the income gains of the top 1 percent into capital and labor components. Capital refers to income received from owning assets: dividends from stock, interest from debt, and rents from real estate. Labor refers to income received from working: salaries and wages. What this decomposition shows is that the majority of income gains for the top 1 percent came from capital rather than labor. In fact, all top 1 percent income growth after 2000 came from capital.

More here.