Poem

LOST IN TRANSLATION

“Dye,” Mother says
touching her silver hair.

Harry the shrink strokes his gray beard,
“I'm proud of it.”

“Operation Doctor Sahib,”
she points to the mole on her nose.

“God’s gift,” he says. She shows him
her ulna, fractured in a recent fall.

“Make it as it was.”
Harry the shrink shows his bruised wrist,

“Fell off the bike when I was young.”
She removes her slip-ons: Girl’s feet,

Red polish chipped at cuticles.
“Slice off my bunions.”

Harry the shrink removes his socks: Big
misshapen toes.

Mother glares at me,
her fifth child, reclined

as usual on the couch, translating
Kashmiri, Mother Tongue.

“What does this decrepit man know,
she says, “My life is ahead of me.”

For my mother, Maryam, on her 90th
3 March 2012
Hebrew Home for the Aged, Riverdale, NY
Rafiq Kathwari is a guest poet at 3Quarks Daily



Monday, March 19, 2012

“It Would Ruin Everything”

by Jen Paton

ChainsThis American Life, the American radio program, has posted an episode called “Retraction”, which retracts performer Mike Daisey's story on Foxconn – adapted from his stage series, “The Agony and the Ecstasy of Steve Jobs.” Daisey, since the TAL story ran in January, has become one of the most visible critics of Apple. But it turns out that the most memorable stories in the piece- about a man with a subcontracted-factory-injured hand touching an Ipad screen with wonder, and a girl employee telling him Daisey was thirteen – were untrue, at least to TAL's level of comfort. When interviewed about all this in the “Retraction” piece, Daisey sounds abashed, and half-heartedly apologies to Ira Glass for allowing something that merely met the standard of truth for theater onto a journalistic program. Daisey tells Glass, “I really do believe stories should be subordinate to the truth….everything that is in this monologue is built out of the truth I took.” On his Web site (http://mikedaisey.blogspot.com/), Daisey writes that he “uses a combination of fact, memoir, and dramatic license to tell [the] story, and I believe [I do] so with integrity.”

Seemingly all of a sudden we (some of us, many of us) can instantly share our built truths, our ideas, our revolutions. Polish writer Piotr Czerski recently published a manifesto on “us”, the Web literate generation (he is three years older than me). Admitting that he uses “we” as a convenience, he describes us as communicating on a level “more intense and more efficient than ever before in the history of mankind.” This seems a bit grandiose – volume does not equal efficiency, intensity does not equal clarity – but Czerski raises many interesting points. I am most interested in his discussion of how we use the Web to find things out, to weigh the evidence, to triangulate at truth. He writes that: “we have learned to accept that instead of one answer we find many different ones, and out of these we can abstract the most likely version, disregarding the ones which do not seem credible.” While I agree more or less with his description of how to arrive at “the truth,” I'm not sure if the Web really makes “us” better at finding it.

I'm not sure we are so good at assessing credibility – the credibility of others, or perhaps worse, our own.

Read more »

Monday Poem


Chinese-breeze

Breeze

I dreamt I was
dreaming in Chinese
so didn’t understand my dream
though it’s calligraphy was clear
as the brushed strokes of breeze.

the characters Lao Tzu
climbed behind closed eyes

but said as little as they could
mounting nothing hill

obliquely vanishing
between two skies
.

I came upon a Buddha
sitting circular and

wise as a pictograph
without a word

silently
loquacious

mutely musical
—unheard as a muzzled
mourning dove
.

in this dream
I’m free of words & guile
as Buddha’s smile

.

by Jim Culleny
3/16/12

Translit Is Neither New Nor Subversive

by James McGirk

ScreenHunter_06 Mar. 19 10.30Reviewing Hari Kunzru’s Gods Without Men in The New York Times, Douglas Coupland proposes, “what must undeniably be called a new literary genre. For lack of a better word let’s call it Translit.” Translit reflects “an aura-free universe in which all eras coexist at once—a state of possibly permanent atemporality given to us courtesy of the Internet.” Artists are responding to this, Coupland says, by mashing together time and place, an effect “not unlike watching a TV show that’s simultaneously happening on multiple channels, a story filmed in different eras using differing technologies, but which taken together tell the same story.

As a strategy this is not new. This new genre sounds a lot like Moby Dick, minus the throbbing heartbeat of Captain Ahab pursuing his white whale, or the multi-faceted storytelling of a Thousand-and-One Nights. Every novel is a soup of partially digested hanks of literary matter. A typical chapter is a hybrid of drama, description and transcribed speech. This soupiness is the reason why novels have defied easy categorization into genre since they evolved from the golden triad of Greek drama, tragedy and comedy.

Nailing down a new genre and coining a new term to slot into the canon is harmless fun. What is disturbing about this “Translit,” however, is Coupland's suggestion that it is an effective strategy for dealing with, “interconnectivity across time and space, just as interconnectedness defines the here and now.” The spacey refraction that Coupland is so impressed with is a feint and one that contemporary literature would do well to expose.

Read more »

A Matter of Detail: The Masonry of Graffiti and Symbols

 

IMG_templefloor

 

by Maniza Naqvi

The photographer, the journalist, and the novelist: wrapped in each other’s facts, cloaked in another reality, set out to worship a city mapped in news and fiction. A peacock sways across the tiled floor brushing its iridescent tail upon black and white marble elongated squares. We slip off our shoes, the floor cool against our restless soles, bare.  An unguent. A devotee presses a rose petal on the forehead of a deity’s image. The photographer refrains from taking a shot though the angle is good. Here, photographs are forbidden. But the novelist free to capture images, no matter what, imagines many more. For example, of the journalist, thinking a headline, of just facts “Three people in search of gods in hiding, who whisper: seek us and we will appear.” But knowing, that facts don’t make for good copy or sell papers, the journalist would instead spin a tale: A novelist, shot, by a bearded man, inside a mandir, on M.A. Jinnah Road.”

Mereweather1

Bear with me, I have a story to tell, something to sort through, a record to set straight and perhaps a score or two to settle too. So, I’ll begin somewhere in the middle and work to a beginning.

I was contacted by a journalist in March 2008 when I was visiting Karachi. She wanted to interview me for my novel, A Matter of Detail. When we met, I listened with growing guilt and self doubt as she lectured me for a good half hour on how my novel should be written.  Then she questioned my right to write such a novel since I no longer lived in Karachi. This done, she told me she was very interested in my novel’s focus on the Bene Israel of Karachi. She told me that she had not known before she read my novel, that there had been a Jewish community in Karachi. My book was her first inclination of this and her first introduction to the Bene Israel community in Karachi. She explained that the interview was for the Friday Times as would be the photographs she wanted to take of me. I told her that, beyond the research that I had carried out, my book is wholly imagined. It is an imagined possibility. My efforts were to create a sensation of sweetness, an essential sweetness in a cultural milieu—symbolized perhaps by the sugar that my character Hajrabai stirs into my character Razzak’s ovaltine in the novel.

Read more »

Shaking England

by Hasan Altaf

ScreenHunter_05 Mar. 19 10.20Let England Shake (2011), the eighth album by the English singer PJ Harvey, was by itself already high concept: In the music industry in the twenty-first century, releasing an album that focuses so explicitly on history – on war, on England, on England and its wars – seems like a particularly dangerous gamble. Even for Harvey herself, much about the album was different from her previous work, including the instrument of choice (autoharp), the singing voice, and even the writing process – the lyrics were written and finalized before she began to write any music at all.

The only thing left to do with such an unconventional album might be to keep going along the same route, to heighten the high concept. Instead of filming traditional music videos, Harvey asked the British war photographer Seamus Murphy, whose photographs from Afghanistan she had admired, to make a few short films for some of the songs on the album. The end result of that process is a DVD, also titled Let England Shake, that collects all twelve of these films as a sort of film on its own.

Read more »

Once More to Mount Kailash

by Karen Swenson

A VISA TO TIBET

Screen Shot 2012-03-18 at 1.26.45 PMSometimes getting into Tibet is a snap; sometimes it is a convoluted diplomatic maneuver out of an Eric Ambler spy novel. In 2007, on my 8th trip to Tibet, it became the later because a group of young Americans, mistaking their egotistical urge for courage, flew in with a rolled up banner reading, “CHINA OUT OF TIBET,” unrolling it in the midst of Lhasa. They were thrown out of the country but those in the country suffered for their action. The Chinese banged the Tibetan door shut, an action at which they are expert. The pointless protest disrupted the tourist trade on which many Tibetans are dependent.

I flew from Shanghai, having ascertained that no Tibetan visas were being handed out there, to Chengdu, capital of Szechwan, hoping to find a way in, but every agent I talked to at the, unfortunately named, Traffic Hotel, next to the bus station on the cemented shores of the polluted Jin river said they wouldn’t be able to get me a Tibet visa for at least two weeks. Disgruntled, I wandered Chengdu seeing sights I had not visited in years. Prosperity had come to town in rouge and furbelows and the inhabitants were on a prolonged buying spree (this was before the earthquake) but prosperity had also brought interesting improvements to the park around Du Fu’s cottage in the form of archeological excavations that exposed the real cottages of the poet’s time and the refurbishing of a number of monasteries and temples. Between parks and temples I emailed a friend in New York expressing my irritability. He suggested I try the local CITS travel agency, a thing I would never have done on my own. There a young man, whose English name was Jim, signed me up for a five day Chinese tour of Tibet. I knew that given those five days and a little luck, I would find a Tibetan agent in Lhasa, able to get an extension on my visa, as well as a guide and car to go to Mount Kailash. It would be my 7th time to Kailash.

Read more »

A Modess Proposal

by Kevin S. Baldwin

I have to admit that I had never really paid much attention to reproductive issues until Rush Limbaugh's recent remarks about birth control and state mandates for transvaginal ultrasounds got me to thinking about what is really at stake: Wasted human potential. All that sexual activity taking place with nothing material resulting from it? How could I have missed it? Now that I have seen the light so to speak, I would like to suggest that Rush and company have really been thinking too small.

JuniorReproduction is far too important to be left to women. Let's face it, ovulating and menstruating once a month is the rate limiting step in this process. Even a woman who immediately became pregnant again upon giving birth could only reproduce about once a year. In contrast, males can produce millions of sperm per day. We've been so focused on issues surrounding pregnancies that we've missed far bigger issues like Onanism. Talk about wasted potential: All those little swimmers could have been contenders! Think about the possibilities if the 23 chromosomes in a sperm could be combined with 23 in another sperm (from another man of course; no inbreeding here, thank you very much.). It wouldn't be too hard to splice in some essential genes from X chromosomes to flesh things out. The 46 chromosomes needed for proper embryonic development would be in place. A small injection of Calcium or some other trigger could get the ball rolling in these “spermbryos.”

Read more »

Monday, March 12, 2012

Friendly Ferments, Cool Cultures

by Gautam Pemmaraju

It was in Kankakee, IL, at a thanksgiving celebration in the mid 80’s that J introduced my fresh-off-the-boat brother to his family as “the guy I told you about, who eats boiled rice with plain yogurt”. They apparently, recoiled in horror. His alienness was acutely amplified by what was to them utterly inconceivable. Over the course of their undergraduate years however, the mid-eastern lad of German stock was to become a neophyte, an enthusiastic partaker (and proponent) of the peculiar delights of curd-rice – a south Indian staple of phenomenal ubiquity, commuting across homes, roadside eateries, college hostels, factory canteens, corporate boardrooms and temples, with the very same attenuated presence that marks its somewhat esoteric flavours. The smooth, pacifying and palate-cleansing qualities offer not just the satisfaction of a no-fuss, functional meal, but also holds within mythic curative and sacramental promises. Url

Stories abound in my family (perhaps readers will share more?) from the mid 60s of desperate emigrant relatives in the States, from Louisville, KY, Bowling Green, OH to Washington DC, in a perpetual search for the ‘right’ yogurt; not the tart, custard-textured supermarket varieties, or even the smaller artisanal yogurts that were fine for what they were, but the dainty coagulum, mostly form-retaining solid with adjunct watery whey, that was set each night by boiling buffalo or cow’s milk (or sometimes a blend), cooling it down to warm/tepid, and then judiciously spooning in a tiny amount of the previous night’s dahi, to instigate once again, the fermentation of friendly bacteria that have long provided us with an mind-boggling variety of moderated milk products.

There were rumours too, of aunts cunningly smuggling in starter cultures from India in thermos flasks, shamelessly lying to customs men when asked if they had any perishable food items on them, aided of course, by their pious looks, their oblique head nods, not to forget, their mesmerizing bindis.

Read more »

My plea to the GOP

I'm begging you please let this end Gop
Decide which of these clowns you will send
Just take your pick
From Newt, Ron or Rick
Or Mitt who is able to bend

Into whatever candidate that you might need
For he's not met one belief he can't knead
If one doesn't thrill
Perhaps a different one will
Whatever it takes to succeed

So choose one of these men and please soon
For all of the fun's left the room
I used to enjoy
Whatever the ploy
For they clearly spelled GOP doom

But of recent I just can't get enthused
And I'm quite frankly rather bemused
Can these men really think
That their words are in sync
With the women who's rights they'd abuse?

Yes the election has come down to sex
And all women this truly should vex
Forget abortion these days
There are new trails to blaze
And women's rights muscles to flex

Do we all want our sex lives controlled
By these men who wag their fingers and scold
Who won't condemn Rush
Whose bile makes them gush
And who can't see this issue's fool's gold

They'll all fight for your every last gun
Make sure the healthcare law's undone
Denounce evolution
Increase earth's pollution
There's no real difference in the long run

So, I'm begging you please let this end
Decide which of these clowns you will send
Newt, Ron, Rick or Mitt
I don't care a whit
They all equally rile and offend

We Like to Watch: Friendship on TV

by Alyssa Pelish

I. Laverne and Shirley bowl

I recently tried to pitch an essay that made use of, if not coined, the term “friendship porn.” The essay was basically about my massive consumption of a certain genre of TV show, which I had tried to make sense of by dipping into the literature on friendship — a phylum of work that includes treatises and lectures and meditations by big names like Cicero and Aristotle and Confucius and Kant, as well as papers by contemporary social scientists whose names are not yet in lights. However, as much as he liked my essay, the editor was bothered by the fact that this phenomenon I was discussing, this “friendship porn,” was dated. Friendship porn is old news, he told me. We want you to tell us what’s next. What’s the next big kind of “porn”? And although I tried to explain to him that my point was, look, friendship porn is timeless he said no dice.

Plato-aristotleBut I persist in believing that the phenomenon of friendship porn, regardless of how 1995 it is, hasn’t been adequately plumbed. The style sections have investigated the highest-profile categories of nouveau porn: the terms “food porn” and “torture porn” and “real estate porn” more or less trip off our tongues now. I accept them. I’ll admit that I’m not immune to the aesthetic pleasures of a well posed entree: my head can be turned by the stained glass slices of roasted beet against white china, drizzled with a citrus reduction, strewn with faintly toasted pignoli and garnished with pale leaves of escarole. So, too, will I page through a photo spread of tastefully renovated and cunningly designed breakfast nooks and turret rooms in the Times real estate section. But the kind of porn I’ve finally come around to admitting that I have, historically, been most susceptible to, is friendship porn. And lots of other people are, too, it would seem. Yet where is the Times style section feature? Where is the academic paper? Where is the Wikipedia entry? Granted, friendship porn is no longer new, but it warrants at least a modicum of pop-analysis.

Read more »

The Homophobe, The Moon Colonist, And The Vulture Capitalist: Why The GOP Has Become A Cult Instead Of A Political Party

by Evert Cilliers aka Adam Ash

RomneysantorumgingrichThe only reason Romney wants to be president is because he feels entitled to it, the way he feels entitled to the profits he got from looting companies. The only reason Santorum wants to be president is so he can exercise theocratic power and oppress women and gay people. The only reason Gingrich wants to be president is so he can be nasty on a global scale.

Compound the crackbrained crock of these clowns, and you have the cryptology of why the political party known as the GOP has converted itself into a crazy cult — and now represents the one big thing that's really wrong with America. Take the GOP out of America, or ban it, and America would be an excellent place. Sane. Noetic. But with the Republicans alive and toxic, they're able to hold America back and keep our country a major crap zone — the most dysfunctional industrialized nation on earth. We have the makings of Nirvana, but unfortunately Rasputin is running paradise.

A very uneasy Jeb Bush confessed the other day: “I used to be a conservative and I watch these debates and I’m wondering, I don’t think I’ve changed, but it’s a little troubling sometimes when people are appealing to people’s fears and emotion rather than trying to get them to look over the horizon for a broader perspective.”

Hey, Jeb, the Republican Party is not your Daddy's party anymore. It's changed. It's moved out of politics into the twilight zone.

Let's face it. The GOP has created a home for all our entitled and nasty people. They include the millions of Americans who hate-the-Other — the other being all those icky gays, blacks, Mexican immigrants, Latinos in general, Muslims, poor people, and those uppity women who don't want the state of Virginia to shove its footlong probes up their vaginas, or the 99% of women who use birth control and don't think this makes them sluts.

I hate therefore I am. These shudder junkies add up to at least 40% of Americans who are thoroughly hate-pickled and fear-tickled: all our homegrown crazies, Talibangelicals, right-wing talkradio listeners, and bigots. They're Nietzsche's ressentiment writ large. They live like a bunch of addled zombies among us, their brains half-eaten away by maggots of tinfoil-hat excrescence. You can't call them anything but members of a cult. They're just too weird. I mean, Republicans are weirder than Scientologists or vegans or Mormons or Moonies or Hare Krishnas. They're as weird as UFO abductees. What's wrong with America is that there is a semi-respectable haven for these backward bizarros: the erstwhile quite sane Republican Party.

Read more »

Worst. President. Ever.

by Akim Reinhardt

Last month, the national newspaper-cum-multi media endeavor Indian Country Today released its list of the worst five U.S. presidents vis a vis American Indians. As a professor of American Indian history, I was immediately curious about what they had come up with. The list, in order, reads:

Andrew Jackson
Dwight Eisenhower
George W. Bush, Jr.
Abraham Lincoln
Ulysses Grant

A list like this is designed to be debated, and I could make a case here or there. But quibles aside, there’s no debating the man at the top of the list: Andrew Jackson. Frankly, I would have been shocked if they had picked anyone other than Old Hickory. And indeed, few historians would disagree that he was the worst president for American Indians, and maybe by a longshot.

General Andrew JacksonHowever, for a number of years now, I’ve been cantankerously telling anyone who will listen that Jackson wasn’t just the worst president vis a vis Indians; I think he’s actually the worst U.S. president of all time, period. And now seems like as good a time as any to make my case, which boils down to three major factors: his forementioned Indian policy; his economic policies; and his political legacy.

Indian Policies- When it comes to Indian affairs, there has been no shortage of presidential scoundrels. From George Washington to Zachary Taylor, a number of commanders-in-chief (including Jackson) literally killed Indians on their way to the nation’s highest elected office. Indeed, the Haudenosaunee (Iroquois) nickname for Washington was “Town Destroyer.” Though the moniker dated back to at least the 1750s, Washington eventually lived up to it by ordering a campaign of total warfare against the Haudenosaunee during the Revolution. At his behest, Major General John Sullivan and the Continental Army destroyed no fewer than forty Haudenosaunee towns in 1779, spurring a horrific wave of disease, famine, and death. Father of the nation? To the Haudenosaunee, Washington was more like Darth Vader. And he was not alone. During the nation’s first century, a parade of presidents presided over a shockingly violent colonial conquest of the continent . So what sets Andrew Jackson apart?

Ethnic cleansing.

Read more »

Monday Poem

Fresh Brim-Feather

Hat-with-featherInside the eye of a new storm
are you lost? came the question;
came as a little nesting tornado, a
windy Matryoshka tucked
naturally within another;
a wind like the tiny tempests
that lift street leaves from gutters in fall
—a miniscule funnel by standards of
Tornado Alley but
if you’re small (as small
as a small thought)
the small question,
are you lost in this new storm?
is as mighty as a tsunami
gathered on a beach at your feet
its humping, horizon-lifting wave
poised in the instant before
yesterday-would-be-better

—then-there
in the shutter-click before
it rakes the landscape,
in the time before
too-late

……………. still

inside the eye of this new storm
everything’s familiar;
the heavens have not issued
new revelations
(news is always old-hat
but with a fresh brim-feather)
love and hate are ghosts with heartbeats
eternal as new babes, and
to be lost in a new storm
is as natural as breath & death
.

by Jim Culleny
3/11/12

Monday, March 5, 2012

Trees Behaving Badly

by Liam Heneghan

Bryn Mawr - Foster0001_2

To James White, botanist and teacher.

Though you might forgivably mistake a man for a tree at the level of gross morphology, nevertheless, a tree undeniably dwells in place whereas a person’s home is born in motion. Agnes Arber, the Cambridge plant anatomist and philosopher, remarked in her 1950 classic The Natural Philosophy of Plant Form that “among plants, form may be held to include something corresponding to behaviour in the zoological field.” If by behavior we refer to the sum of all the activities of an organism, then the manner in which a plant grows – marshalling its leaves to best secure light, disposing its roots to obtain nutrients and to harness it to the earth – is comparable to the more rambunctious activities that animals deploy for analogous purpose. The behavior of plants – the punctuated rhythms of their growth – is founded on the quite simple laws of cell division and extension. This was Arber’s lesson. And this, at eighteen, was the first conceptual framework that preoccupied me. If simplicity rules the world of plants, why not also true for animals, for people, for me?

Thirty years ago I took several wintery trips out to North Bull Island, a five-mile stretch of sand in Dublin Bay which formed in response to 18th Century engineering projects at the mouth of the River Liffey. Now a site of considerable conservation interest, I went along with fellow biology student Liam Dolan to observe the curious behavior of Armeria maritima roots. The plant, commonly known as sea pink, grew profusely on the dunes. The two Liams were at that time under the thrall of Jim White from the Botany Department at University College, Dublin and were both taking his course on the architecture of trees. To those of us who studied with White in the 1980s, he seemed like a visitor from another planet, one who pointed out the strangeness of his new home to the gaping residents, most of whom had never noticed the oddness of the world surrounding them. Jim’s lectures were marvels of erudition, scientific concision, and anecdote. Many years later when I worked in a Costa Rica, a well-known tropical forest researcher told me that he had only written one “fan letter” in his life and this was to James White. Anyway, we returned to White with our sketches and observations on the architectural patterns formed by sea pink roots. He was little incredulous at first – surely we were out looking at birds? In those days it was not uncommon for hale teens to spend their days traipsing out with binoculars to Bull Island to observe birds. It was unimaginable, apparently, that the youth would be looking at plant roots. Perhaps it’s best for a teacher not to sense the full measure of his impact, as it may constrain the random suggestions with which he peppers his lectures.

Read more »

Monday Poem

Bolts of Light

SunThe Sami have a hundred words for snow
I have few
Rivers of nuance flow from familiarity

I know the bite of my own bark
Toothless as a frog I sit upon my stone
I croak across my pond, the sun,
early spark and setting ember
knew what I have known
knows what I remember,
has seen it all, collecting as it burns
tells what it has shown
fastening with bolts of light
all love I never tendered
..

Jim Culleny
3/3/12

Get On The Bus

by Misha Lepetic

“In the dime stores and bus stations,
People talk of situations,
Read books, repeat quotations,
Draw conclusions on the wall”
~ Bob Dylan

TrafficjamCities ceaselessly fascinate because of the problems they have solved over time – grand socio-infrastructural dilemmas such as property rights, water, sewage, electrification. But as cities grow and evolve, these solutions in turn generate new problems, or intensify existing ones, in ways that are both unpredictable and banal. Indeed, for cities to continue growing in any sense of the word, this will remain a permanent aspect of their discourse, and a precondition of their success. It would not be much of a stretch to say that, given global trends of urbanization, the ability of cities to continue planning and designing their way past new problems is not just essential for their own survival, but for that of humanity itself.

Within this context, mobility must rank as a problem par excellence. Commentators have described slums as “cities that have failed to solve their mobility problem”. The free and rapid flow of people and goods is essential to the dynamic nature of any urban setting; and while the developed world looks on China’s growth with a mixture of awe and trepidation (and hope that they will keep buying our debt), it is also true that the media greets reports of things like a 10-day traffic jam with a certain amount of Schadenfreude. Amateurs! (On the other hand, the fact that there were no incidents of road rage reported during this traffic jam may have something to teach us about the virtues of a certain national temperament. Once, we too had a sense of humour about this.)

At any rate, the design problem is simple: How do you get people to use public transport more effectively?

Read more »

Let’s set our own goals

by Quinn O'Neill

In a recent advertisement for Nike athletic shoes, basketballer Kobe Bryant gives us some pointers on how to achieve new extremes of success. He reveals his system for over-the-top success before an elite audience, including rapper Kanye West and billionaire Richard Branson, at an event that's like a hybrid of a Masonic ritual and a TED Talk. “How do you know when you're in the Kobe System?” Bryant asks. “Look at your feet.” Naturally, they’re all wearing Nike shoes.

So you’ve got prestigious awards, you’re a Chinese megastar, and maybe you own outer space – certainly, that means you’re successful. But perhaps we should keep in mind that success depends on accomplishing whatever goal we set for ourselves and not whether the goal is worthy or not. Some of the most brutal dictators in history could be considered successful in the sense that they were effective leaders, but they’d hardly deserve to be placed on a pedestal. The pinnacle of success, I think, is achieving the worthiest goal, not the most elusive.

If owning outer space isn’t the worthiest goal, then what is? I think it might be health, in a very broad sense, like that suggested by the World Health Organization: “a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity.” I think this is really the best any of us can hope for.

Read more »

The Capacity-Output Cross, Part II

by Melanie Friedrichs

Saving-money-tips-stacks-of-dollars-cashThe Icarus Factor: Interpreting Financial Crisis through the Capacity-Output Cross

In finance, the “Icarus factor” describes the dangerous over-excitement that leads company managers to take on projects too risky or too ambitious for the company to handle. But can the story of Icarus apply to a bigger picture? Perhaps the economy is like a company; it can only handle so much real estate speculation, so many collateralized debt obligations, so much easy credit before it begins to get uncomfortably hot.

A Short Summary of The Capacity-Output Cross

Two weeks ago I introduced the “capacity-output cross,” a new way to conceptualize the causal role of money and finance that came from thinking about how classical theorists—Adam Smith, David Hume, John Maynard Keynes, F.A. Hayek, Milton Friedman—differ in their interpretations of the equation of exchange, MV = PQ. I renamed Q real output proposed a new term: capacity for exchange, roughly equal to M times potential V determined by the state of financial innovation and the strength of institutions. Neither quantity is measurable, but real output can be imagined as utility value of all goods and services produced during a given period of time, and capacity for exchange can be imagined as the amount of money available to be spent during a given period of time, recognizing that within that in any given period some dollars will be spent more than once.

I sketched economic history with the two lines. Capacity crosses Real Output, because it is usually easier to mine or print money or to improve institutions than it is to increase the efficiency of production and make more real value. The lines cross at different times in different markets and in different places, but as an example I suggested that the economy of northern Europe “crossed” during the expansion of coinage and banking during the 18th century, sometime around the time of Hume and Smith.

Read more »