Mark Blyth: The World Economy Is on the Brink of Epochal Change

Mark Blyth in The Atlantic:

The global economy is getting a hardware refit and trying out a new operating system—in effect, a full reboot, the likes of which we have not seen in nearly a century. To understand why this is happening and what it means, we need to abandon any illusion that the worldwide turn toward right-wing populism and economic nationalism is merely a temporary error, and that everything will eventually snap back to the relatively benign world of the late 1990s and early 2000s. The computer’s architecture is changing, but how this next version of capitalism will work depends a great deal on the software we choose to run on it. The governing ideas about the economy are in flux: We have to decide what the new economic order looks like and whose interests it will serve.

The last such force-quit, hard-restart period was in the 1930s. In the United States, the huge liquidity crunch caused by the 1929 Wall Street crash combined with the Smoot-Hawley Tariff Act of 1930 to kill commercial activity and trigger the Great Depression. Bank failures swiftly turned into a mass failure of firms and industries; wages tumbled and unemployment shot up, in some areas to a quarter of the workforce.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

The Unnerving Vision Of Muriel Spark

Frances Wilson at The Guardian:

There is a supernatural process going on under the surface and within the substance of all things,” says a priest in Muriel Spark’s 1965 novel The Mandelbaum Gate. Spark believed herself wired into this process. The novelist was aware from the start of “a definite ‘something beyond myself’”, an “access to knowledge that I couldn’t possibly have gained through normal channels”.

“Somehow things happened, odd things, when Muriel was around,” recalled her friend Shirley Hazzard. “Everything that happened to Muriel,” according to her American editor Barbara Epler, “had been foreseen”, usually in her books themselves. If Spark wrote about blackmail, she too would be blackmailed; if she wrote about a burglary, she would then be burgled. Thirty years after toying with an idea for The Hothouse by the East River (1973), in which electrocution by lightning takes place down a telephone line, lightning struck Spark’s house in Italy, sending a current of electricity through the external wires and burning her upper lip.

more here.

Enjoying the content on 3QD? Help keep us going by donating now.

A Possible Connection Between Mental Illness and Diet

Gordy Slack at Undark:

In a report discussed in Psychiatry Redefined in 2022, Palmer and a small team of researchers at McLean had examined  case studies of two patients who had suffered from schizophrenic symptoms for much of their lives. One, an 82-year-old woman who had suffered from schizophrenia for decades and was suicidal, started a ketogenic diet at age 70 and found her symptoms abated to the point she no longer needed medication; she no longer had hallucinations or paranoia and also lost 150 pounds. Another woman, age 39, also went onto the ketogenic diet and eventually stopped using medication after her symptoms subsided. Although she later suffered a severe psychotic episode and was hospitalized, she “slowly tapered off Haldol” after her release and remained symptom-free five years later, the journal reported.

In fact, ketogenic diets have long been used in conventional medicine to treat severe or intractable epilepsy. Several studies published in the past few years suggest that ketogenic metabolitc therapy, or KMT, may not only help control seizures, bipolar disorder, major depressive disorder, and schizophrenia — but may also reduce the sometimes devastating side effects that often accompany antipsychotic medications, said Palmer.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

What Is The Genius of Brian Wilson?

Sid Holt at The Nation:

Wilson was strange—probably mad—and it was his strangeness that contributed as much as his music to his reputation as a genius. Even in videos of the Beach Boys performing in the early 1960s, he appears to be searching for an exit. The breakdown that led to his forsaking live performance; the piano in the living-room sandbox; his panicked abandonment of Smile (the intended, and soaringly ambitious, follow-up to Pet Sounds); his wandering the aisles of his very own health-food store, the Radiant Radish, in a bathrobe—all became part of his legend.

And now Brian is dead, far outliving his brothers—the 39-year-old Dennis, who drowned in 1983 after a day of drinking, and the dutiful Carl, who died of cancer, then 51, in 1998—and most of his bandmates. (Of the Beach Boys most will remember, only his cousin Mike Love and his high school friend Al Jardine, survive.) More to the point, he had outlived the times he helped define. Yet the 45s and the best of the LPs—The Beach Boys Today!Summer Days (and Summer Nights!!)Pet Sounds, even Smiley Smile, which was definitely not Smile—endure. Come summer, the title of one of the Beach Boys’ greatest-hits albums, Spirit of America, never seems truer. It is the music my Gen X wife and millennial daughters (and as one day, I am sure, my Gen Beta grandson will) all demand with their hot dogs and Cokes.

more here.

Enjoying the content on 3QD? Help keep us going by donating now.

Sold to the Trump family: one of the last undeveloped islands in the Mediterranean

Marzio Mian in The Guardian:

Albanians call Sazan Ishulli i Trumpëve – Trump Island. Until now mostly untrammelled by development, it is on the verge of becoming a mecca for ultra-luxury tourism, another addition to Ivanka Trump and Jared Kushner’s real-estate portfolio. Speaking on the Lex Fridman podcast in July 2024, Trump could barely conceal her excitement: “I’m working with my husband, we have this 1,400-acre island in the Mediterranean and we’re bringing in the best architects and the best brands,” she said. “It’s going to be extraordinary.”

When I reached Kushner by phone the same month, I detected brimming enthusiasm for Sazan, which he seemed to regard as something of a treasure. He said he plans “to create the ideal resort that I’d want to be at with my family and with my friends”.

Before I visited the island, I marvelled at the thought of traversing its roughly 40 miles of trails, climbing its mountains covered in rainforest and exploring its deep waterways with names such as the Bay of Paradise, Hell’s Gorge, Devil’s Gulf and Admiral’s Beach. I wanted to see it before the phrase “I’m going to Sazan” becomes the prerogative of the rich.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Demanding Pleasures: On the art of observation

Lydia Davis in Harper’s Magazine:

A person once said to me, “You’re a writer. You must have a lot to say.” He was making an assumption. I’ve thought about his assumption many times. Is it that simple? Do I write because I have a lot to say? I do have a lot to say. No matter how much I have said, isn’t there always more to say? But then, I imagine everyone has a lot to say, writers and nonwriters alike. I can’t imagine anyone not having a lot to say—even if they keep their mouth closed.

Human beings with a lot to say like to make noise. So do crickets, dogs, mice, other insects, rabbits when frightened or being killed, moose, and many, many others. It is impressive to think of all the creatures on earth and all the different noises they make, for different reasons. Some of their noises are effective. Some fail to have an effect.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Sunday, June 29, 2025

Can I tame my 4am terrors? a lifetime of insomnia – and a possible cure

Arifa Akbar in The Guardian:

I can’t remember when I first stopped sleeping soundly. Maybe as a child, in the bedroom I initially shared with my brother, Tariq. I would wait for his breathing to quieten, then strain to listen beyond our room in the hope of being the last one awake, and feel myself expanding into the liberating space and solitude. By my early 20s, that childhood game of holding on to wakefulness while others slept began playing out against my will. Sound seemed to be the trigger. It was as if the silence I had tuned into as a child was now a requirement for sleep. Any sound was noise: the burr of the TV from next door, the ticking of a clock in another room. When one layer of sound reduced its volume, another rose from beneath it, each intrusive and underscored by my own unending thoughts. Noise blaring from without and within, until I felt too tired to sleep.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

There Will Be No Next Anna Wintour and That’s Just Fine

Amy Odell in The New York Times:

The end of Anna Wintour’s 37-year run as editor in chief of Vogue was a lot less dramatic than its beginning. Back in 1988, magazines ruled fashion, anointing people and decreeing trends, and it was a cloistered world of high drama and higher expense accounts. When Ms. Wintour was chosen to replace the legendary editor, Grace Mirabella, it was a scandal — Ms. Mirabella learned she was fired from her husband, who called after he saw it on the evening news.

But when Ms. Wintour announced on June 26 that she was relinquishing the role, it felt more like a corporate governance move than a revolution that will shake the entire industry she has ruled over for decades now. For one thing, she retains her job as Vogue’s global editorial director, and will stay on as chief content officer for Condé Nast. It was less her retiring than the retiring of a once-imperial, no longer so powerful title: editor in chief.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Through the Trapdoor

Steven Shapin in the LRB:

ger Penrose​ liked puzzles. In the 1950s, inspired by a catalogue of prints made by the paradoxical Dutch artist M.C. Escher, the young Penrose and his psychiatrist-geneticist father, Lionel, set out to produce drawings of ‘impossible objects’. Pictorial conventions cue us to perceive two-dimensional drawings as representations of three-dimensional things, but these conventions can also be used to deceive – for example, to depict things that could not exist in three dimensions. One of these objects became known as the ‘Penrose triangle’.

The Penroses were a family of puzzlers. Father and sons amused themselves by constructing polyhedra out of wood and cardboard that could be taken apart and put together in interesting ways. Everyone played chess: Lionel set puzzles and his wife, Margaret, like him a qualified physician, was a keen player; Oliver Penrose, Roger’s older brother, is a physicist and a proficient amateur player; and his younger brother, Jonathan, was a grandmaster and ten times British chess champion. But there was much more to Roger’s puzzling than this. People who know little else about what he did may be familiar with the Penrose triangle, which shares space with Escher’s prints on the walls of student bedrooms around the world, or with Penrose tiling – tessellated polygons that can cover an infinite plane without repeating patterns. The triangles and tiles have been taken up by mathematicians interested in algorithms for generating such things, by chemists investigating crystal structure, and by psychologists concerned with the way the mind makes sense of the external world, but for Penrose they were, for the most part, a bit of fun.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Dispatch from Seville

Daniela Gabor in Phenomenal World:

From the turbulent perch of the present, 2015 seems like a lifetime ago. That year, a trifecta of UN agreements announced transformative global ambitions on climate and development. In July 2015, 193 UN Member States agreed to the Addis Ababa Action Plan of the Third International Conference on Financing for Development (FfD3). Solving the financing question, the UN Secretary-General Ban Ki-moon stressed, provided “the foundation of a revitalized global partnership for sustainable development that will leave no one behind.” In September of that year, UN members signed the Agenda 2030 for Sustainable Development, a “broad and universal policy agenda” aiming to “transform our world” through a new set of Sustainable Development Goals. Then, the Paris Agreement in December marked a new direction in climate politics. Climate action was no longer synonymous with carbon pricing, but instead a long-term project of economic transformation.

The FfD3, the World Bank reported, was marked by “one stark difference from previous gatherings in Doha and Monterrey: unequivocal acceptance that the financing will have to come from private as well as public resources.” The change was inaugurated in part by the sheer force of a new Bank-created motto for financing development: “From Billions to Trillions.” Public, concessional funding in the billions could unlock trillions in private investment. To meet the aims of the social development goals, the Bank claimed, required trillions in financing, which could only materialize through “a paradigm shift… a financing framework capable of channelling resources and investments of all kinds—public and private, national, and global.” It was music to many ears, eager to hear that trillions of investment only required small amounts of public expenditure.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Waiting Game

Corey Robin in Sidecar:

Late capitalism is an ambiguous term. Lateness may imply death or an ending, as when we speak of my late grandfather or the late afternoon. When the German social theorist Werner Sombart first used the term in the early twentieth century, late capitalism did mean the end of capitalism. Yet ‘late’ in the superlative also suggests up-to-date or state-of-the-art, pointing not to the demise of something but to its refinement and advance. Surveying the same developments as Sombart, the Austrian Marxist Rudolf Hilferding claimed that the emerging economy of the twentieth century was simply ‘the latest phase of capitalist development’, a phrase echoed by Lenin, who took pains to remind his followers that ‘there is no such thing as an absolutely hopeless situation’ for the bourgeoisie.

Despite its popularity in recent years, especially since the 2008 financial crisis and the left-populist insurgencies that followed, late capitalism is not an idea that lends itself to revolution or a vision of progress. It may express a wish to be rid of capitalism. But mostly it works as a theory of turning points that never turn – or worse.

Traditionally, the socialist left has believed that capitalism is prone to crises – not simply the ups and downs of the business cycle but increasingly wrenching dislocations that cannot be resolved within the constraints of the system. With time, these crises must come to an end, ‘either in a revolutionary reconstitution of society at large’, as the canonical formulation has it, ‘or in the common ruin of the contending classes’. Though hardly a deterministic vision of the future – the ‘common ruin of the contending classes’ is a serious possibility – such a theory of revolution depends on a theory of crisis.

According to Sombart, late capitalism eliminated this crisis tendency.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Friday, June 27, 2025

On the Cursed Art of Fact Checking

Isabel Clara Ruehl at Literary Hub:

I skirted an abandoned development of some kind, half-built, its windows smashed, wild dogs on its concrete foundation barking at me not to come any closer…

This is a sentence from one of the first pieces I ever fact checked. In the passage, the writer walks from the Rome airport to the mouth of the Tiber; I’d just been hired by Harper’s Magazine, and my job was to verify the essay by Monday. It sounded easy enough. I found some derelict buildings on Google Street View—check, check (at Harper’s, we physically tick off each word that’s verified, pen-on-paper, so that our eyes don’t scan over any detail)—but how to confirm that there might be wild dogs in the area…?

I searched the internet with no yield, but I wasn’t bothered. Surely this was plausible. Still, I wanted to be thorough, so I contacted various tourism and wildlife places. “We’re sorry but we cannot answer,” one replied. So on Monday, I told my editor (himself a former checker) that this fact seemed unprovable but fine. How could we know whether the writer had seen wild dogs? I’d learned that they weren’t frequently running about Rome, but so what? To my surprise, he asked whether I’d called the airport, so I did. They were very confused.

Austin Kelley’s debut novel The Fact Checker dramatizes these questions of fact, truth, and provability as the protagonist checks an article about the Union Square Greenmarket. Narrative nonfiction exists in a gray area, somewhere between reporting and poetry, and the checker’s job is to break an essay into its component parts, confirm what’s true, and fix what’s false.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Building AI Felt Like Watching An Alien Intelligence Arrive: Early OpenAI Researcher

From Office Chai:

OpenAI had stunned the world by releasing ChatGPT in November 2022, but it turns out that the researchers working on the technology were even more stunned at what they’d developed.

Jeff Clune, a former researcher at OpenAI, says that building AI felt like watching an AI intelligence arrive. His words paint a vivid picture of a small group of scientists who felt they held a world-altering secret, a sentiment that oscillated between exhilarating and terrifying. Clune had worked at OpenAI from January 2020 to May 2022, and now works at Google DeepMind.

Clune’s analogy captures the surreal feeling of knowing the world was on the precipice of a monumental shift, while life for everyone else continued as normal. “It’s kind of like you’re an astronomer,” he explained. “You’re looking at your equipment, your sensors and your computer readouts, and you and a handful of other people have the expertise to look at this complicated data and say, ‘Oh my gosh, aliens are on the way. They’re going to arrive on Earth in a couple of years.’”

More here.

Enjoying the content on 3QD? Help keep us going by donating now.

Will Democrats Learn from the Establishment’s Loss?

David Austin Walsh in the Boston Review:

There is clearly a groundswell of anti-MAGA political energy across the country, and yet the most recent Quinnipiac University poll found that 53 percent of Democrats disapprove of how the Democratic Party is doing in Congress. Senate Minority Leader Chuck Schumer’s approval rating, in particular, is hovering around 17 percent—and given Schumer’s vocal support for Israel’s strikes on Iran, that number is likely only to plummet more.

And then there’s Zohran Mamdani. His decisive victory in the New York mayoral primary on Tuesday against establishment sex pest Andrew Cuomo, the former-governor-son-of-a-former-governor, underlines how Democrats have finally arrived at their Tea Party moment: voters fed up with the feckless, corrupt dealings and nepotism of a hollowed-out Democratic Party registered their dissatisfaction in the highest-profile race of 2025, succeeding despite a torrent of national criticism and propaganda from the establishment.

More here.

Enjoying the content on 3QD? Help keep us going by donating now.