Charaiveti: Journey From India To The Two Cambridges And Berkeley And Beyond, Part 17

by Pranab Bardhan

All of the articles in this series can be found here.

At MIT I had my initiation into a breathless pace of academic activity that was quite different from the pace I had seen elsewhere until then. The whole place was a dynamo of research activity, you could almost hear the hum and feel the energetic throb of multiple high-powered brains at work. While teaching was an important part of daily activity and it often fed into research, it was research where the main action was. Later I found out this was more or less the case in other top departments in the country, but at MIT I had my first experience. There was the thrill of thriving at the frontier of your subject, you saw the frontier visibly moving from one seminar to another, from one widely-cited journal article to another, you had to run fast even to remain at the same place, and while the competition and the race were invigorating, you could also see the jostling and the occasional hustle.

I was amazed how well-informed people were about who was doing what in which department in the country, who was pushing the (research) boundary where, which young faculty you had to attract before others grab them, what was the going market rate for a particular ‘hot-shot’ scholar, who was having an offer from which top department, and so on. (This reminds me of a phone conversation I had with the Dean of a top east-coast university much later when I joined Berkeley. This Dean wanted to know if I’d be interested in joining his University. Before he went any farther, I told him that I had only recently settled down in Berkeley, both my wife and myself liked the place, and just bought a house, and so I’d not be interested in moving. He talked for a while and then gave up. But before ending the conversation, I think he took pity on me and gave me a bit of ‘personal advice’. He said he could see that I was not yet used to the system in the American academic market. “When somebody offers you a job”, he said, “you don’t say ‘no’ even before I told you the salary I was going to offer you, which I am sure is much higher than what Berkeley is paying you. Even if you are ultimately not really interested, you try to get all the information, take the time, bargain with your Department, and get a raise for yourself”).

At the MIT Department those days the most revered leader clearly was Paul Samuelson, who every day at noon would preside over the lunch table at the Faculty Club in the top floor of the building. At the table, he’d often entertain us drawing upon his spectacular collection of stories and gossip, not just about economists, but often about physicists and mathematicians. To Paul there was a clear hierarchy of disciplines. It was visibly demonstrated to me one day when we took a visiting English friend who wanted to meet Paul. We told Paul that he’d be interested to know that this friend had done his degree in Astrophysics, but now he was thinking of moving to Economics. At this Paul immediately said, putting his hand above his head, “Astrophysics, then Economics (he lowered his hand to his chest level), what next? Theology? (moving his hand to the knee level). Read more »

At Home with Gish Jen

Mike Harvkey in The Millions:

The characters of Thank You, Mr. Nixon, Gish Jen’s expansive new collection of superconnected short stories, are restless. They leave China for America and return, leave America for China and return, traveling between the two countries and cultures as if through a revolving door. Jen, like the second-generation Americans in her book, understands what it is to be “hybrid,” and the inherent tension that requires her characters to engage in frequent acts of translation—linguistic, cultural, and generational—whether they wish to or not.

Born on Long Island in 1955, Jen says she came of age “at the height of multiculturalism, when I was supposed to be writing about my Chinese roots.” But growing up in Scarsdale, N.Y., she learned more Yiddish than Chinese—an experience she mined for her very funny second novel, 1996’s Mona in the Promised Land, about a Chinese girl converting to Judaism.

More here.

The ‘bullet’ airplane that could revolutionize business aviation

Jacopo Prisco at CNN:

Otto Celera 500L, it’s one that catches the eye. It looks like no other plane out there, and for a good reason: unique aerodynamics.

The shape of the Celera is designed to drastically reduce drag by allowing air to flow very smoothly over the surface of the plane. That makes the aircraft less power-hungry, which means it burns less fuel.

“This gets us four to five times the efficiency of other turboprop aircraft, and seven to eight times the efficiency of jet aircraft,” says William Otto Jr., CEO of Otto Aviation.

In numbers, that means operating costs that trounce those of similarly sized business planes. According to Otto Aviation, flying on the Celera will cost $328 an hour compared to $2,100, with a fuel economy of 18 to 25 miles per gallon — similar to that of a large SUV — compared to two to three miles per gallon.

All of that with enough space for six passengers, a speed of 460 miles-per-hour and a range of 4,500 miles, comparable to that of an airliner. Is it all too good to be true?

More here.

There are six main narratives of globalization, all flawed

Anthea Roberts and Nicholas Lamp in Aeon:

Isaiah Berlin understood the parable of the fox and the hedgehog – ‘the fox knows many things, but the hedgehog knows one big thing’ – to illustrate two styles of thinking. Hedgehogs relate everything to a single vision, a universally applicable organising principle for understanding the world. Foxes, on the other hand, embrace many values and approaches rather than trying to fit everything into an all-encompassing singular vision.

Debates about economic globalisation are often dominated by hedgehogs – actors who interpret and evaluate the dynamics and consequences of globalisation through a single lens. Take the narrative that dominated the debate about globalisation in the West from the collapse of the Soviet Union until the global financial crisis in 2008. On this view, economic liberalisation promised to grow the pie so that everyone – developed and developing countries, rich and poor – would be better off. This confident perspective touted free trade as a win-win outcome that would create peace and prosperity for all.

In recent years, this view has been challenged by a variety of narratives that stress that economic globalisation produces many losers.

More here.

The ongoing impact of Edgar Allan Poe

Sudipto Sanyal in The Smart Set:

What is it about Poe that grips the popular imagination so, like the medieval Iron Shroud shrinking inward and threatening to crush the narrator of “The Pit and the Pendulum”? Who was he, and what strange Romantic resonances does he emit that continue to fascinate us?

“The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the unknown,” wrote that other fantasist H. P. Lovecraft. In his stories — and even his poems — Poe brings forth, as if out of thin air, a grotesque world fully crystallized. It is utterly self-contained and frequently terrifying, a radical break from our mundane realities (also self-contained and terrifying, but in less unknowable ways). Reading Poe, we learn remarkably little of the New World in the middle of the 19th century — no Mexican-American War, no California Gold Rush, no westward ho!, no rumblings over slavery.

More here.

Sunday Poem

Your Data is Political

Your presence rises from scavenging: ages and words
and webs and signs. You’ve become a target but without
the old spy store gadgets. I’d like to know what you know,
not just your count. I click on you, then you click back,
precious darling surface. We add, poke, text.
On my iPhone, you’re called The Outlier.
Your profile pic of a yellow vase
is so allusory, so art, or your skirt flips up and you’re viral,
or someone else outs you as a double-crossing wife
because it’s Old West open season on Facebook.
Pages ripple with alacrity, with betrayal and Outlook keeps
the other engine purring and sneaky. Two presences.
The real and the fable vanish before you and to them
within barcode, a cornucopia of insight
(a family’s fleecing, caravans of product, blurry pirated video).
I’ll play Sarah McLachlan over your visage, elegiac, or someone
will paste your face onto the porno performance artist
baptized with secretion. I’ll be the cultural anxiety,
and you can be the Luddite. We’ll be a perfect pairing
of antediluvian (the wine) and digital (the host).

by Carmen Giménez Smith
from:
Milk & Filth
University of Arizona Press, 2013

A Permanent Home in the Mouth of the Sun

Cat Lachowskyj in Lens Culture:

Standing in the middle of a room previously inhabited by a now-absent figure can conjure an eerily potent atmosphere, traceable through sensations rather than words. Perhaps it’s because so much of what shapes the edges of any individual’s persona resides within the colors they prefer, their cooking and cleaning smells, or the sounds they regularly hear emanating from the pipes in their walls or a creak in their floorboards. When a person’s body exits their habitat, all the things that previously swirled in and around their tangible body remain, suspended in the air in a thick, viscous hum. These remnants permeate the objects the person leaves behind, too, charged with energy, appearing as sentient creatures rather than a lifeless pile of stuff.

When photographer Hannah Altman’s grandmother passed away in 2017, she left an interesting collection of objects in her home, some detailing her life, some used for Jewish ritual, and some broken and incomplete. The objects felt like a composite of her grandmother’s life, and as a photographer, Altman decided to document them with her camera. “I started photographing the Judaica in her collection, thinking about how objects are used and what stories they tell,” she explains. After establishing familiarity with the remnants, Altman shifted into world-making beyond the isolated documentation of trinkets, initiating a ripple effect in her own understanding of her new visual world. She reflects, “I photographed the Jewish objects, and then Jewish rituals, and then Jewish folklore, and it became clear to me that this idea of storytelling through Judaica extended beyond my immediate bloodline, into the collective Jewish community, which is deeply shaped by customs that are retold and retranslated over time.”

More here.

Early Civilizations Had It All Figured Out

Gideon Lewis-Kraus in The New Yorker:

Moments of sociopolitical tumult have a way of generating all-encompassing explanatory histories. These chronicles either indulge a sense of decline or applaud our advances. The appetite for such stories seems indiscriminate—tales of deterioration and tales of improvement are frequently consumed by the same people. Two of Bill Gates’s favorite soup-to-nuts books of the past decade, for example, are Steven Pinker’s “The Better Angels of Our Nature” and Yuval Noah Harari’s “Sapiens.” The first asserts that everything has been on the upswing since the Enlightenment, when we learned that rational argument was preferable to religious superstition and wanton cudgelling. The second concludes that everything was more or less O.K. until about twelve thousand years ago, when we first beat our swords into plowshares; this innocent decision, which must have seemed a good idea at the time, heralded an era of administrative hierarchy, state-sanctioned violence, and the unchecked proliferation of carbohydrates. Perhaps what readers like Gates find valuable in these books has less to do with the purported shape and direction of history than with the broad assurance that history has a shape and a direction.

Both stories, after all, adhere to a model of history that’s at once teleological (driven by specific forces to arrive at the foreordained present) and discontinuous (such magical things as farming and rationality emerged from the woodwork, unlocking successive stages of developmental maturity). They generally agree that the crucial rupture divided some original state of nature from the grand accession of civilization. Their arcs of irrevocable decline or compulsory progress are variations on themes that were given their most recognizable modern elaborations by Thomas Hobbes and Jean-Jacques Rousseau. Pinker takes up the Hobbesian notion that early human existence was a brutish war of all against all. Harari takes rather literally Rousseau’s thought experiment that we were born free and rushed headlong into our chains. (“There is no way out of the imagined order,” Harari writes. “When we break down our prison walls and run towards freedom, we are in fact running into the more spacious exercise yard of a bigger prison.”) In both accounts, guilelessness and egalitarianism are exchanged for knowledge and subordination; the only real difference lies in the cost-benefit assessments of that trade.

About a decade ago, the anthropologist and activist David Graeber, who died suddenly last year, at the age of fifty-nine, and the archeologist David Wengrow began to consider, in the wake of Occupy Wall Street, how they might contribute to the burgeoning literature on inequality. Not inequality of income or wealth but inequality of power: why so many people obey the orders of so few.

More here.

A Celebration Of Scientist Rosalind Franklin

Katy Guest at The Guardian:

The first page of Howard Markel’s comprehensive history The Secret of Life reads like the opening scene of a movie. “On February 28, 1953, shortly after the chapel bells struck noon, two men hurtled down a stairwell of Cambridge University’s Cavendish Physics Laboratory. Bursting with exhilaration, they had just made the scientific discovery of a lifetime … ” Delving into the human lives and relationships behind “the race to unravel DNA’s structure”, the book frequently zooms in on such visual details, from the “crusty yellow remains” of fried egg at Francis Crick’s breakfast table to the “clickety clack” of Rosalind Franklin’s heels echoing “on the slick, wet marble floor” of King’s College London.

A movie needs a hero and a villain, and in this story they are Franklin – brilliant, female, Jewish, misunderstood – and James Watson, whose “mean-spirited” 1968 memoir “commandeered the historical record with boundless guile and cunning”.

more here.

The Life of James Ivory

Alexandra Jacobs at the NYT:

Merchant and Ivory, normally working with the writer Ruth Prawer Jhabvala, were one of the most dominant cinematic forces of the late 20th century, rolling out luxuriously appointed adaptations of E.M. Forster and Henry James novels, with the occasional more contemporary anomaly like Tama Janowitz’s “Slaves of New York.” Merchant died in 2005; Jhabvala in 2013. After decades conjuring the Anglo-American aristocracy clinking cups in gardens and drawing rooms, Ivory, the survivor, is ready to spill the tea.

He spills it not in the typical big autobiographical splash but in dribs and drabs: letters, diary entries, tumbling sense-memories of fashion, food and furniture (and the other F-word), with scores of appealingly casual photographs sprinkled throughout.

more here.

Titans: Tracing the rise and the politics of asset manager capitalism

Benjamin Braun and Adrienne Buller also in Phenomenal World (image: Joëlle Tuerlinckx, ‘the biggest-surface-on-earth scale 1:1’ (‘la-plus-grande-surface-au-monde scale 1:1’), 2006)

In mid October 2021, when BlackRock revealed its third quarter results, the asset management behemoth announced it was just shy of $10 trillion in assets under management. It’s a vast sum, “roughly equivalent to the entire global hedge fund, private equity and venture capital industries combined,” and a nearly ten-fold increase in only a handful of years for a firm that first broke the $1 trillion mark as recently as 2009. Since the 2008 Financial Crisis, we’ve witnessed in BlackRock the rise of an undisputed shareholder superpower, but the firm, while exceptional, is not alone. Alongside its closest rival Vanguard, these two firms control nearly $20 trillion in assets and a combined market share of more than 50 percent in the booming market for exchange-traded funds (ETFs). And they’re not just big—they’re “universal,” controlling major stakes in every firm, asset class, industry, and geography of the global economy. It’s an unprecedented conjuncture of concentration and distribution, one which has prompted fierce debate over what this new era of common, universal, and increasingly passively allocated ownership means. For some, the new regime contains the seeds of a socialist-utopian economic vision; for others, it’s an anticompetitive, “worse than Marxism” nightmare.

At the heart of the debate is the theory of universal ownership, which contends that because today’s asset management giants are universal owners with fully diversified portfolios, they should be structurally motivated to internalize the negative externalities that arise from the conduct of individual corporations or sectors. Whether social inequality or the climate crisis, proponents of universal ownership contend that the enormous externalities of corporate capitalism will, eventually, diminish shareholder returns, and therefore universal owners should and will act to minimize them. It’s an elegant theory, but is it true? Ultimately, the answer to this question hinges on how we understand ownership.

More here.

The Extractive Circuit

Ajay Singh Chaudhary in The Baffler (image © Jul Quanouai):

THE MACHINERY—THE ACTUAL FORM AND FUNCTION—of twenty-first-century capitalism is an extractive circuit which quite literally crisscrosses the world. Its global value chains stretch through physical infrastructure and “frictionless” financial flows at the speed allowed by fossil fuels; telecommunications;  and geophysical, technological, psychosocial, and bodily limits and “optimizations.” It connects economically and ecologically dispossessed agricultural communities in the Global South with regimes of hyperwork in the Global North; rare earth “sacrifice zones” with refugees; migrant labor with social reproduction; ocean acidification and atmospheric carbon with profitable opportunity. It has required the transformation of states; it has ripped through biomes and through flesh. Capital often appears and is treated as a historical abstraction; this is doubly true of globalized, financialized capital. The extractive circuit is the leaden reality of a global human ecological niche organized for maximal profitability—no matter how difficult or costly to maintain. Its realities underscore the generalization of a colonial social relation in socioecological terms, even as older modes of imperialism and neocolonialism are hardly swept aside. Its speed, frenzy, coercion, and brutality reach into the very heart of the imperial metropole, far beyond where such relations were already present. Feelings of exhaustion—depression, desperation, fatigue, exasperation—course through its wirings, neurons, biochemicals, and sinews.

At every “node” along such a circuit, “inputs”—ecological, political, social, individual—are extracted and “exhausted.”

More here.

Manufacturing Stagnation

Herman Mark Schwartz in Phenomenal World:

$5.3 trillion of US federal government stimulus and relief spending have returned the economy to its pre-Covid growth trajectory. But that growth trajectory was hardly robust—either before or after the 2008 financial crisis. Nor was the slow decay of GDP growth rates unique to America. In the aggregate, the seven largest rich economies—the G7, composed of the US, Japan, Germany, France, Britain, Italy and Canada—saw growth in real per capita gross domestic product (GDP) slip by more than half from the 1980s to the 2010s.

Economists have called this slowdown “secular stagnation.” Secular stagnation is a seemingly permanent era of slower growth in productivity, investment, and output, and therefore also in per capita income. The Great Depression of the 1930s provoked the first debate about secular stagnation, which pitted John Maynard Keynes and Michał Kalecki against Joseph Schumpeter. The former saw idle workers and idle industrial capacity and called for aggressive fiscal policy and state-directed investment to restore growth. The latter saw idle capacity as evidence of over-investment and too high wages and called for liquidation of struggling firms and cuts in nominal wages.

More here.

Saturday Poem

A New Bapu

Would take to Twitter like fish to water
But grow out of it
And use it as a protest tool.
Once in a while, he would take breaks with vows of silence.
He would use the extra time
To sort out, ends and means
The broken strings.
He would be wise to know
Greed remains greed and power is now
Like electricity, everywhere,
From the clerk to the high heavens.
He would look for a place to start—
And it would be with himself.
Cleaning the toilet on a weekday,
Making plants grow with bare hands.
Not using a sensor to figure it out.
He would be wary of AI, robots, anything that takes the mind away.
They take the soul out, he would say.
But he would take to planes more easily, for the utility.
He would still write letters, with a fountain pen
And send postcards, to children.
He would recycle paper and look inside, for answers.
He would be worried about
Climate change.
He would pass the street and you wouldn’t even know.
He would travel incognito.

by Amlanjvoti Goswami
from Rattle Magazine, #73, Fall 2021

Ed. Note- Bapu: Spiritual father

The Singularity Is Here

Ayad Akhtar in The Atlantic:

Something unnatural is afoot. Our affinities are increasingly no longer our own, but rather are selected for us for the purpose of automated economic gain. The automation of our cognition and the predictive power of technology to monetize our behavior, indeed our very thinking, is transforming not only our societies and discourse with one another, but also our very neurochemistry. It is a late chapter of a larger story, about the deepening incursion of mercantile thinking into the groundwater of our philosophical ideals. This technology is no longer just shaping the world around us, but actively remaking us from within.

That we are subject to the dominion of endless digital surveillance is not news. And yet, the sheer scale of the domination continues to defy our imaginative embrace. Virtually everything we do, everything we are, is transmuted now into digital information. Our movements in space, our breathing at night, our expenditures and viewing habits, our internet searches, our conversations in the kitchen and in the bedroom—all of it observed by no one in particular, all of it reduced to data parsed for the patterns that will predict our purchases.

But the model isn’t simply predictive. It influences us. Daniel Kahneman’s seminal work in behavioral psychology has demonstrated the effectiveness of unconscious priming. Whether or not you are aware that you’ve seen a word, that word affects your decision making. This is the reason the technology works so well. The regime of screens that now comprises much of the surface area of our daily cognition operates as a delivery system for unconscious priming. Otherwise known as advertising technology, this is the system behind the website banners, the promotions tab in your Gmail, the Instagram Story you swipe through, the brand names glanced at in email headings, the words and images insinuated between posts in feeds of various sorts. The ads we don’t particularly pay attention to shape us more than we know, part of the array of the platforms’ sensory stimuli, all working in concert to adhere us more completely.

More here.