How the 1 percent’s savings buried the middle class in debt

Rebecca Stropoli in Chicago Booth Review:

In the early days of the coronavirus pandemic, Hollywood mogul David Geffen enraged many social media users when he posted a photo of his yacht, Rising Sun, on calm waters. “Isolated in the Grenadines avoiding the virus,” Geffen wrote on Instagram. “I’m hoping everybody is staying safe.”

The photo of billionaire life aboard a 454 ft., $590 million yacht inspired plenty of outrage, and even a parody song by singer John Mayer titled “Drone Shot of My Yacht.” As an example of conspicuous consumption, the post highlighted stark global inequalities in wealth and opportunity, and didn’t land well with the millions of people stuck at home in lockdown or risking their health and lives performing essential work.

But when it comes to wealth inequality, a billionaire’s yacht is a sideshow, says Chicago Booth’s Amir Sufi. After all, a yacht is rooted in the real economy. A good chunk of the money originally spent on the yacht went to pay workers and buy equipment, and had a multiplier effect as it circulated in the broader economy. The real problem could be that much of the money owned by billionaires and other wealthy people never makes it that far. “People get angry about seeing the rich consuming a lot,” Sufi says, “but that’s better than what they’re actually doing.”

What’s happening, he says, is that disparities in income and wealth have fueled ever more saving by the top 1 percent. But while many economists think more saving leads to productive investment, Sufi, Princeton’s Atif Mian, and Harvard’s Ludwig Straub make a different argument. They find that these savings are largely unproductive, being remade by the financial system into household and government debt. And their research outlines a cycle whereby the savings of the top 1 percent fuel the debt and dissavings of the lower 90 percent, which in turn leads to more savings at the top.

More here.

‘Barbara Hepworth’ by Eleanor Clayton

Oliver Soden at The Guardian:

This biography’s value and novelty are level-headedness and fine-grained research. Clayton explains rather than exculpates, narrates rather than judges. She sets Hepworth talking through the pages, quoting generously from letters that correct, or complicate, previous accounts of her humourless self-absorption. A passionate and stylish correspondent, Hepworth makes strings of her words: “one’s mind is so turned towards France & the weather & winds & sea!”; “the feel of the earth as one walks on it, the resistance, the flow the weathering the outcrops the growth structure, ice-age, flood”. Clayton uses letters to show again and again how Hepworth doted on her children. On parting with the triplets: “it’s the hardest thing I’ve ever had to think about. I am so deeply happy about the babies & want them with me all the time”. This confirms what Hepworth’s work had already made clear: motherhood and family nourished and inspired her. Many of her sculptures of babies are exquisitely tender, the infant’s skull properly outsized and somehow translucent, as if veins pulsed beneath wooden skin and marble bone.

more here.

How A California Acid Trip Made Michel Foucault A Neoliberal

Jonathan Russell Clark at the LA Times:

It all goes back, strangely, to a trip the French thinker took to left-wing California — and a trip he took once he got there. Mitchell Dean and Daniel Zamora’s new book, “The Last Man Takes LSD,” focuses on Foucault’s final decade, from 1975, when he took the hallucinogen in California for the first time, until his death in 1984 of complications from AIDS. During this period, Foucault shifted from the leftist politics of the ’60s toward a more centrist position, a drift hardly rare for his generation under the Cold War. As Dean and Zamora put it, “Foucault and many other post-’68 intellectuals took part in the process of thinking about a Left that was not socialist, a Left that would wipe out the legacy of post-war socialism.”

In this view, a government given too much power by its citizens would invariably lead to totalitarianism. Socialism was viewed as “crypto-totalitarian.” For Foucault, such regimes didn’t merely control their populace, they defined them.

more here.

What Makes a Musical Genius?

Alan Light at the New York Times:

“There is nothing I could write in this book or tell you that would help you get to know me,” writes Sinead O’Connor in her new memoir, REMEMBERINGS (Houghton Mifflin Harcourt, 304 pp., $28). “It is all in the songs.”

Whether she really believes this or not, it’s not a bad point — but audiences clearly don’t feel the same. As a batch of new books demonstrates, efforts to get closer to the mysteries of musical expression continue to come in many forms — history, criticism, autobiography and various combinations thereof. In the absence of live music during our pandemic year, there’s been a flood of music-related stories, especially onscreen, with both documentaries (the Bee Gees, Tina Turner) and dramatic narratives (“Ma Rainey’s Black Bottom,” “Sound of Metal”).

more here.

Words to Live By

Jonathan Shaw in Harvard Magazine:

“YOU ARE GRADUATING AT AN INFLECTION POINT in the history of health care,” Valerie Montgomery Rice, M.D. ’87, president and dean of the Morehouse School of Medicine, told graduates of Harvard Medical School (HMS) and the Harvard School of Dental Medicine in Thursday afternoon’s Class Day address. That same sentiment echoed throughout the virtual ceremony, as nearly every speaker’s remarks were colored by the experience of the pandemic, and by the knowledge that this year’s class of doctors and dentists would be entering a changed world. Nicholas Paul DeMeo, D.M.D. ’21, said that after the past year, he and his classmates “have only grown stronger in our mission to alleviate suffering.” Alumni Relations chair A.W. Karchmer, M.D. ’64, noted how COVID-19 had brought out the best in health-care practitioners but “exposed weaknesses and some of the worst aspects of our health-care system.” And Jamaji Chilaka Nwanaji-Enwerem, M.D. ’16, Ph.D. ’18, M.P.P. ’21, spoke of a newfound awareness: “We often reflect on the vulnerability of our patients, how we serve them, offering them strength in their moments of suffering,” he said. “But during this pandemic, when stockpiles of masks and other protective equipment ran low, new light was shone on our vulnerability.”

Montgomery Rice—whose daughter, Jayne Rice, M.D. ’20, graduated in the family’s living room during last year’s virtual Commencement—picked up these threads. Born and raised in Macon, Georgia, she recalled the culture shock of her arrival in Boston in the 1980s and the “small but instructive moments” at Harvard that yielded lessons about the same cultural and racial divides that were laid bare this past year, in COVID-19’s disproportionate toll on communities of color, and in the so-called “mask wars” often driven more by ideology than by science. She urged graduates to take seriously the idea of universal connection underlying public health: “COVID-19 has taught us that the health of each person not only affects the health of every person, but, literally, can bring the world to its knees. For the past year, the pandemic has shut down life as we knew it. We cannot ignore the fact that our individual survival is linked together in one humanity—no matter the color of our skin, our background, age, sexual orientation…. Every health inequity reduces the quality of life for everyone else.”

More here.

Was the Constitutional Right to Bear Arms Designed to Protect Slavery?

Randall Kennedy in The New York Times:

In “The Second: Race and Guns in a Fatally Unequal America,” the historian Carol Anderson argues that the Second Amendment to the United States Constitution, which provides for a “well regulated militia” and “the right of the people to keep and bear arms,” offers “a particularly maddening set of double standards where race is concerned.” On the one hand, she claims that slaveholding founding fathers insisted on the inclusion of the Second Amendment in the Bill of Rights in order to assure themselves of a fighting force willing to suppress slave insurrections. On the other hand, she maintains that racist practices have deprived Blacks of access to arms that might have enabled them to defend themselves in the absence of equal protection of law.

These discriminations and the attitudes behind them, Anderson charges, have generated a baleful catalog of affronts that predate the establishment of the United States and that grow apace. She shows that the specter of armed Blacks was so alarming that white authorities revisited their fears obsessively, enacting statute after statute with alterations that invariably broadened prohibitions and intensified punishments. For purposes of policing Blacks’ access to firearms, differences in legal status between African-Americans who were free and those who were enslaved were often swept aside. A Virginia law enacted in 1723 provided that, under penalty of whipping, “no Negro, mulatto or Indian whatsoever” was allowed to possess a firearm. A Florida law authorized whites “to seize arms found in the homes of slaves and free Blacks.” African-Americans deemed to be in violation of such prohibitions could be summarily punished with up to “39 strokes on the bare back,” all “without benefit of judicial tribunal.”

More here.

Friday, May 28, 2021

Get to Know Arooj Aftab

Vrinda Jagota at Pitchfork:

Aftab’s new album Vulture Prince honors and remagines centuries-old ghazals, a form of South Asian poetry and music that she grew up listening to with her family. The artform meditates on the intense longing caused by separation from God, and Aftab either sets this poetry to original music or entirely transforms existing songs, eschewing the frenetic South Asian instrumentation typical of the originals for minimalist orchestral arrangements. She is insistent that people not oversimplify or misunderstand her practice: “People ask, ‘Is this an interpolation? Is this song a cover?’ No, it’s not. It’s very difficult to do this, it has taken a lot of time and energy as a musician, so it’s not a fucking cover. I’m taking something that’s really old and pulling it into the now.”

The care she pours into her solo work translates to her musical collaborations, too. Acclaimed jazz musician and Harvard professor Vijay Iyer met Aftab at a show where they spontaneously started playing together and, in his words, “created this thing that felt like it was meant to exist.”

more here.

On Natalia Ginzburg’s “Family” and “Borghesia”

Lynne Sharon Schwartz at the LARB:

I WAS 24 years old when I met Natalia Ginzburg in Rome. I had just come from three weeks of intensive study of Italian at the Universita per Stranieri di Perugia (University for Foreigners in Perugia), and before that had managed to pass an Italian reading comprehension test for a graduate program that I never completed. With the misplaced confidence of the young, I assumed I’d be able to conduct an adequate conversation with her. During the Italian course at Perugia, the teacher had introduced us to Ginzburg’s early essays collected in Le piccole virtù (The Little Virtues) and I was immediately enamored of them. Every lucid, plangent sentence enchanted my ears and twisted my heart. The essay “Broken Shoes” considered the condition of her shoes as she walked through Rome after the fascists murdered her husband, preceded by a spell of political exile with their children in a village in the Abruzzi region. The essays about their life in that town sketched the mutually generous friendships that developed between her family and the local people.

more here.

The spiritual challenge of multiculturalism

Damon Linker in The Week:

There are many ways to understand the tendency roiling liberal-democratic politics in recent years, from the outcome of the Brexit vote and the presidency of Donald Trump to the surge in support for antiliberal politicians and parties across Europe, Asia, and the Americas. It’s been variously described as an explosion of right-wing populism, a resurgence of nationalism, a renewed flowering of xenophobia and racism, even a rebirth of fascism. But what all of these theories are striving to explain is a pervasive collapse of faith in multiculturalism as an organizing principle of free societies.

That feels like a new problem for many of us, but it’s really an old one that goes back to the very beginnings of the liberal era. In seeking to come to terms with the challenge of multiculturalism, an obscure but important Geman philosopher of the 18th century, Johann Gottfried Herder, provides suprising insight.

More here.

Sex Writing Goes Literary, Again

Daniel Felsenthal in the Los Angeles Review of Books:

Kink, a new anthology of short fiction edited by R. O. Kwon and Garth Greenwell, intends to “[c]lose some of the distances between our solitudes” by collecting kinky sex-centered stories written by 15 authors of different races, sexual orientations, gender identities, and ethnicities. A quick look at the writers’ bios, though, shows how remarkably alike they are. Five of them graduated from, or currently teach at, the University of Iowa’s MFA program. Almost all are famous in the world of contemporary literary fiction — in addition to the editors, Kink’s contributors include Roxane Gay, Chris Kraus, Carmen Maria Machado, Alexander Chee, and Brandon Taylor. The kink, too, is pretty one-note. There’s a lot of BDSM, most of it light: boot-licking, choking, spitting, and slapping.

More here.

Sex and the Chinese Economy

Shang-Jin Wei in Project Syndicate:

China’s recently released population census confirms the persistence of the country’s alarming excess of males relative to the global norm. This numerical imbalance from birth onward has several significant economic implications – and not only for China.

Because women live longer than men on average, most countries’ populations have more females than males. In the United States, for example, there were 96 males per 100 females in 2020. China, by contrast, has 105 males for every 100 females, according to the latest census. Chinese women live about three years longer than Chinese men on average, so the “excess males” are entirely the result of an unusually high ratio of boys to girls at birth.

The sex ratio at birth is normally around 106 boys per 100 girls. Because boys and young men have a slightly higher mortality rate, and because husbands tend to be somewhat older than wives, such a ratio at birth is nature’s way of ensuring a roughly 1:1 ratio by the time they reach reproductive age.

Although China’s male-to-female ratio at birth was close to this natural rate in the 1970s, a combination of factors fueled its steady rise.

More here.

Friday Poem

One of the Citizens

What we have here is a mechanic who reads Nietzsche,
who talks of the English and the French Romantics
as he grinds the pistons; who takes apart the Christians
as he plunges the tarred sprockets and gummy bolts
into the mineral spirits that have numbed his fingers;
an existentialist who dropped out of school to enlist,
who lied and said he was eighteen, who gorged himself
all afternoon with cheese and bologna to make the weight
and guarded a Korean hill before he roofed houses,
first in East Texas, the here in North Alabama. Now
his work is logic and the sure memory of disassembly.
As he dismantles the engine, he will point out damage
and use, the bent nuts, the worn shims of uneasy agreement.
He will show you the scar behind each ear where they
put the plates. He will tap his head like a kettle
where the shrapnel hit, and now history leaks from him,
the slow guile of diplomacy and the gold war makes,
betrayal at Yalta and the barbed wall circling Berlin.
As he sharpens the blades, he will whisper Ruby and Ray.
As he adjusts the carburetors, he will tell you
of finer carburetors, invented in Omaha, killed by Detroit,
of deals that fall like dice in the world’s casinos,
and of the commission in New York that runs everything.
Despiser of miracles, of engineers, he is as drawn
by conspiracies as his wife by the gossip of princesses,
and he longs for the definitive payola of the ultimate fix.
He will not mention the fiddle, though he played it once
in a room where farmers spun and curses were flung,
or the shelter he gouged in the clay under the kitchen.
He is the one who married early, who marshaled a crew
of cranky half-criminal boys through the incompletions,
digging  ditches, setting forms for culverts and spillways
for miles along the right-of-way of the interstate;
who moved from construction to Goodyear Rubber
when the roads were finished; who quit each job because
he could not bear the bosses after he had read Kafka;
who, in his mid-forties, gave up on Sartre and Camus
and set up shop in his Quonset hut behind the welder,
repairing what comes to him, rebuilding the small engines
of lawn mowers and outboards. And what he likes best
is to break it all down, to spread it out around him
like a picnic, and to find not just what’s wrong
but what’s wrong and interesting — some absurd vanity,
or work, that is its own meaning — so when it’s together
again and he’s fired it with an easy pull of the cord,
he will almost hear himself speaking, as the steel
clicks in the single cylinder, in a language almost
like German, clean and merciless, beyond good and evil.

by Rodney Jones
from
Transparent Gestures
Haughton Mifflin, 1989

America was built with pamphlets, not muskets

Barbara Spindel in The Christian Science Monitor:

Who wrote the Declaration of Independence? Thomas Jefferson is generally credited as its author, but Akhil Reed Amar believes there’s a better answer. “America did,” Amar argues in “The Words That Made Us: America’s Constitutional Conversation, 1760-1840.”

Amar’s fresh and fascinating history focuses on the explosion of impassioned discourse that culminated in, and followed, the ratification of the U.S. Constitution. The book elevates the importance of dialogue and debate in cementing American identity. Of the declaration, for instance, the author observes that it “undoubtedly was a tool to win the war – an instrument in one sense no different from a musket or a ship.” Unlike the weaponry of the American Revolution, however, the Declaration of Independence “aimed to win a war by winning men’s minds – by reason and rhetoric, by persuasion, by conversation of a certain sort. Muskets and ships cannot do this.”

Amar covers familiar events in the run-up to the Revolution, including Colonial resistance to the 1764 Sugar Act and the 1765 Stamp Act. But he begins his narrative with a less well-known episode, tracing the ideological origins of the war to Paxton’s Case. In this intricate 1761 Massachusetts lawsuit, lawyer James Otis Jr., representing a group of Boston merchants, argued that writs of assistance – orders that allowed provincial customs officers to search Colonial property for smuggled goods – violated colonists’ rights

More here.

Humans Could Live up to 150 Years

Emily Willingham in Scientific American:

The chorus of the theme song for the movie Fame, performed by actress Irene Cara, includes the line “I’m gonna live forever.” Cara was, of course, singing about the posthumous longevity that fame can confer. But a literal expression of this hubris resonates in some corners of the world—especially in the technology industry. In Silicon Valley, immortality is sometimes elevated to the status of a corporeal goal. Plenty of big names in big tech have sunk funding into ventures to solve the problem of death as if it were just an upgrade to your smartphone’s operating system.

Yet what if death simply cannot be hacked and longevity will always have a ceiling, no matter what we do? Researchers have now taken on the question of how long we can live if, by some combination of serendipity and genetics, we do not die from cancer, heart disease or getting hit by a bus. They report that when omitting things that usually kill us, our body’s capacity to restore equilibrium to its myriad structural and metabolic systems after disruptions still fades with time. And even if we make it through life with few stressors, this incremental decline sets the maximum life span for humans at somewhere between 120 and 150 years. In the end, if the obvious hazards do not take our lives, this fundamental loss of resilience will do so, the researchers conclude in findings published on May 25 in Nature Communications.

“They are asking the question of ‘What’s the longest life that could be lived by a human complex system if everything else went really well, and it’s in a stressor-free environment?’” says Heather Whitson, director of the Duke University Center for the Study of Aging and Human Development, who was not involved in the paper. The team’s results point to an underlying “pace of aging” that sets the limits on lifespan, she says.

More here.

Thursday, May 27, 2021

The Dunce

Morgan Meis at Slant Books:

It is startling and more than a little amusing to finally realize, or to have pointed out to you, as happened to me, that the word ‘dunce’, a not exactly au courant but certainly still, I think, recognizable word that basically means stupid, one who wears the dunce cap, that this word is, actually, a shortened form of saying that a person is like Duns Scotus, the medieval scholastic philosopher and member of the Franciscan order. Calling someone a dunce is calling them a Duns, a Scotist. Why one of the great minds of Western philosophy and theology would have become synonymous with stupidity is not immediately apparent. Something must have gone awry here.

In fact, the trajectory of word and meaning is not so hard to understand once one parses it out. Medieval Scholasticism, of which Duns Scotus was a great luminary, fell out of favor. Scotus’ once admired feats of logical daring began to look empty and pointless. Add to that the Protestant attack on the doctrines of the Church that Scotus did so much to defend intellectually and you get to the point where a person who was once called doctor subtilis, The Subtle Doctor, is now openly referred to as a dumb ass.

The question, though, and this is something I am still in the process of thinking through and which would require, I fear, rather too much reading of abstruse and difficult to love medieval works of philosophy, a task to which I devoted some time as a younger person studying philosophy while, at the same time, trying to bone up my medieval Latin, to varying degrees of success I should add, though I did get through quite a bit of Scotus’ work unraveling a couple of the trickier problems in what Aristotle means, exactly, by the words ‘being’ and ‘essence’.

More here.

A Princeton anthropologist takes aim at Charles Darwin

Robert Wright in his Substack Newsletter:

Last week the prestigious and normally staid journal Science kicked up a fuss by running a short essay on Charles Darwin that provoked the anti-woke.

“You knew the woke would come for Darwin sooner or later,” tweeted Andrew Sullivan about the essay. Claire Lehmann, founder of Quillette (the unofficial journal of the “intellectual dark web”), chimed in sarcastically, “He may have been the father of evolutionary theory but did he put his pronouns in his bio?”

The author of the Science piece (which ran under the heading “editorial”) was Agustin Fuentes, an anthropologist at Princeton. He contended that Darwin’s 1871 book The Descent of Man “offers a racist and sexist view of humanity” and is “often problematic, prejudiced, and injurious.” So students who are taught that Darwin was a great scientist “should also be taught Darwin as an English man with injurious and unfounded prejudices that warped his view of data and experience.”

There are things about this essay I like. For example: I understood it, which distinguishes it from many things written by contemporary anthropologists. Also, it’s hard to argue with its claim that Darwin said things about race and gender that would get a guy canceled today. (As one person put it on Twitter, Darwin, “was 19th century euro upper class. It’d be stranger if he WASN’T ‘problematic’ by today’s standards.”)

More here.

Ken Roth: It’s Time to Update the U.S. Approach to Israeli Rights Abuses

Ken Roth in Newsweek:

President Joe Biden has shown a remarkable capacity to change with the times, but when it came to the recent armed conflict between Israeli and Hamas forces, he often seemed to be pressing “rewind” and “play” on an old reel-to-reel tape recorder. The welcome ceasefire provides an opportunity to re-examine this outdated approach.

Much of what Biden said about the conflict would have sounded familiar from U.S. presidents of decades past. But time has not stood still. The Israeli government under Prime Minister Benjamin Netanyahu has deepened its oppressive, discriminatory rule of Palestinians in Gaza and the West Bank, including East Jerusalem—a trend that was only accelerated by former President Donald Trump‘s unconditional embrace of Netanyahu. Biden should recognize that disturbing reality and move away from the talking points of his predecessors.

Biden’s initial reflex reaction to the recent hostilities was to reaffirm Israel’s “right to defend itself” from Hamas rocket attacks—a line he repeated even as he announced the ceasefire. But few dispute that truism. The issue is how Israel defends itself—whether, or not, the heavy toll in civilian life and property that it imposed on the people of Gaza complies with the requirements of international humanitarian law, or the laws of war. In Israel’s latest bombardment in Gaza, at least 248 Palestinians were killed, including 66 children and more than 1,900 wounded.

More here.