Pankaj Mishra On The Strength Of Passivity

The old world, with its failures, weaknesses, and poverty, has at least a proper estimation of the limits of human action, says writer Pankaj Mishra in an oped in the New York Times, last August:

“India may have been passive after the Mumbai attacks. But India has not launched wars against either abstract nouns or actual countries that it has no hope of winning or even disengaging from. Another major terrorist assault on our large and chaotic cities is very probable, but it is unlikely to have the sort of effect that 9/11 had on America. Continue reading

The Machinery of Habit

A piece I wrote four years ago, The Burgh: Downsizing,” examines the nature of change and habit in relation to urban economies transformed by globalization and war.

“The boys come in and the beer flows. Ricardo tells us about training. Four-mile runs, 200 push-ups every morning, wall-climbing. “They break you, man,” he shakes his head.  “They make you tough.

“I said I hoped so, considering where he was going. But Melanie, who studies the theology of the medieval anchoress Juliana of Norwich and sells papers on a corner in Oakland for the Socialist Worker, is more worried about his getting into what she calls killing mode. I ask her if a mode is the same as a habit. It takes time after all to form a habit. A mode on the other hand sounds like a gearshift on an Audi. And if you can shift into a gear, you can shift out. Maybe it’s really a question of what sort of habits. Learning, retraining, moving need effort. They don’t come easily. But war is a machinery that moves on its own and blood-lust, like a winter flu, might be easy to pick up and impossible to get rid of.

War and demolition come too easily to human nature. And take away too much. Anything worth pursuing, on the other hand, needs to be stalked through the years with the patience and vigilance of a hunter, cultivated through seasons of scarcity and remembered in times of forgetting. In our sophistication we laugh at those who buy dear and hold dearer. Who stay when they should have left. Bag holders. Fools. Who step into the river and expect the waters to stay the same. The immobilized in our mobile society. What is the value of an abandoned church, an obsolete mill, an aging worker? Flux, we shrug, is the only certainty. Change is the first law of nature.

“People talk about joining but they don’t,” says Ricardo,  “I’m the only one who did.” He sounds proud.
“I ask him if he thinks good health insurance and tuition money are worth risking his life for.  He laughs.
“Look — I ain’t gonna die. Most of the guys who teach me, they’ve been there. They got through. More chances I’d get shot in a ghetto. So some guy’s lost an arm…or a leg. So what? All this new technology now, reconstruction…they can make you another leg; it’s really no big deal.”

At 26, you can think of that as a good trade. An amputation of the body or the mind is all it takes to keep up with change. Like those translucent lizards which shed their tails seasonally as they wait immobile and vigilant for flies on dusty window sills, we might grow new limbs just as good. New memories to replace old ones. Here in the hills, at the confluence of three rivers, we have learned not to resist the laws of nature.

“But perhaps we don’t live by nature alone. Perhaps, as Juliana of Norwich said, we also need mercy and grace.”

“The need to change and the machinery of habit that makes it difficult – a theme I find myself returning to , over and over, especially when I’m confronted with the depressing spectacle of people going back to the same propaganda, the same bogus assertions that caused this global catastrophe in the first place.

Going back, like dogs to vomit.

I’m sorry if that sounds ugly, but what’s happening now in DC is ugly….and very very dangerous.

MindBody: Reading Between The Tea-Leaves

When I was young – around 11 or 12 – I recall having very strong hunches about things that would pan out. Nothing weird, simply day-to-day things. I’d lose my stamp album and then I’d go to sleep and in my dreams I’d see it was in the bottom drawer of a cupboard. And when I woke up and went to the drawer, I’d find it. I  would have very strong feelings I’d pick up from other people’s emotions. When someone said something, I’d feel the emotion from which they spoke. I’d hear anger, and overlaid on that, jealousy or envy. I’d often have a sense of what someone was going to say before they said it.

None of this was overtly alarming. It blended very easily into what I considered normal and never made me feel different. I didn’t talk about it to anyone, except my mother, who dismissed it as “just imagination.” But I always knew it wasn’t either “just” or “imagination.” Continue reading

Felix Salmon Gets It Right On Short-Selling

Felix Salmon gets it right about short-selling this time round, at Seeking Alpha: (December 31):

“It’s not just short-sellers, either: most financial professionals are essentially parasitical on people who genuinely add value in the real world. Old-fashioned lending is important, and I’d say that stock markets in general also count as a positive financial innovation, since they make it vastly easier for companies to raise equity capital. But in my ideal world, people working for real companies like Kodak would make more money, in general, than people working for more parasitical financial-services companies. The fact that it’s the other way around worries me. While finance may or may not be good at the efficient allocation of capital, it seems to be positively bad when it comes to the efficient allocation of the labor of intelligent and perspicacious individuals.” Continue reading

P. J. O’Rourke On Santa And God

P. J. O’Rourke via Samizdata:

“I have only one firm belief about the American political system, and that is this: God is a Republican and Santa Claus is a Democrat. God is an elderly or, at any rate, middle-aged male, a stern fellow, patriarchal rather than paternal and a great believer in rules and regulations. He holds men strictly accountable for their actions. He has little apparent concern for the material well-being of the disadvantaged. He is politically connected, socially powerful and holds the mortgage on virtually everything in the world. God is difficult. God is unsentimental. It is very hard to get into God’s heavenly country club. Santa Claus is another matter. He’s cute. His nonthreatening. He’s always cheerful. And he loves animals. He may know who’s been naughty and who’s been nice, but he never does anything about it. He gives everyone everything they want without thought of a quid pro quo. He works hard for charities, and he’s famously generous to the poor. Santa Claus is preferable to God in every way but one: There is no such thing as Santa Claus.”

Frank Chodorov On Destroying The Citadel Of Power

Frank Chodorov, on the seduction of power, from  Mises.org

“For, it is said that while Saul of Tarsus was carrying out his duties as Commissar of Truth, the Messiah he had been denying appeared before him and convinced him of his error. So, after a bit of soul searching, he quit his job and thereafter dedicated himself to the task of preaching the very doctrine he had been denouncing. And because he was now the persecuted rather than the persecutor, he was effective; everywhere he went he found willing listeners, even in Rome itself. More important than their numbers was the conviction of his converts that in the eyes of God the lowliest in society was equal unto Caesar. The psalm of freedom — of the dignity of the individual — reawakened their souls. Neither the lash nor the dungeon vile nor the wild beasts in the arena could rob them of their self-esteem. By their very suffering and death they transmitted their faith to others, the sect grew, and at long last Caesar capitulated.

From the story of Saul, who came to be known as Paul, we draw the lesson: that when people want freedom they will get it. When the desire of the business man for “free enterprise” is so strong that he will risk bankruptcy for it, he cannot be denied. When youth prefers prison to the barracks, when a job in the bureaucracy is considered leprous, when the tax collector is stamped a legalized thief, when handouts from the politician are contemptuously rejected, when work on a government project is considered degrading, when, in short, the state is recognized to be the enemy of society, then only will freedom come, and the citadel of power collapse.”

The Creation Of Professional Consensus

An article that illustrates how professional consensus is created in the sciences today:

“To experts such as McIntyre and Pielke, perhaps the most baffling thing has been the near-unanimity over global warming in the world’s mainstream media – a unanimity much greater than that found among scientists.

“For example, last year the BBC environment reporter Roger Harrabin made substantial changes to an article on the corporation website that asked why global warming seemed to have stalled since 1998 – caving in to direct pressure from a climate change activist, Jo Abbess.

“‘Personally, I think it is highly irresponsible to play into the hands of the sceptics who continually promote the idea that “global warming finished in 1998” when that is so patently not true,’ she told him in an email.

“After a brief exchange, he complied and sent a final note: ‘Have a look in ten minutes and tell me you are happier. We have changed headline and more.’

“Afterwards, Abbess boasted on her website: ‘Climate Changers, Remember to challenge any piece of media that seems like it’s been subject to spin or scepticism. Here’s my go for today. The BBC actually changed an article I requested a correction for.’

“Last week, Michael Schlesinger, Professor of Atmospheric Studies at the University of Illinois, sent a still cruder threat to Andrew Revkin of the New York Times, accusing him of ‘gutter reportage’, and warning: ‘The vibe that I am getting from here, there and everywhere is that your reportage is very worrisome to most climate scientists … I sense that you are about to experience the “Big Cutoff” from those of us who believe we can no longer trust you, me included.’

“But in the wake of Warmergate, such threats – and the readiness to bow to them – may become rarer.

“A year ago, if a reporter called me, all I got was questions about why I’m trying to deny climate change and am threatening the future of the planet,’ said Professor Ross McKitrick of Guelph University near Toronto, a long-time collaborator with McIntyre.

“‘Now, I’m getting questions about how they did the hockey stick and the problems with the data.

‘Maybe the emails have started to open people’s eyes.’

What´s especially interesting in this report is that the Russian government has confirmed that the emails were uploaded from a Siberian server, but has “strenuously denied” that they were generated by the Russians.
That possibility was one of the reasons why I didn´t initially rush to defend the hackers, as many skeptics did.
But since then, several sources have claimed that the information was illegitimately denied to the public and was probably released by a whistleblower or someone  acting on behalf of the public interest in the matter.

The Conscience Of A Speculator

December 20, 1998: an exchange between George Soros and Steve Kroft on “60 Minutes”:

“Kroft: “You’re a Hungarian Jew …”
Soros: “Mm-hmm.”……

Kroft: “My understanding is that you went … went out, in fact, and helped in the confiscation of property from the Jews.”

Soros: “Yes, that’s right. Yes.”

Kroft: “I mean, that’s—that sounds like an experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?”

Soros: “Not, not at all. Not at all. Maybe as a child you don’t … you don’t see the connection. But it was—it created no—no problem at all.”

Kroft: “No feeling of guilt?”

Soros: “No.”

Kroft: “For example, that, ‘I’m Jewish, and here I am, watching these people go. I could just as easily be these, I should be there.’ None of that?”

Soros: “Well, of course, … I could be on the other side or I could be the one from whom the thing is being taken away. But there was no sense that I shouldn’t be there, because that was—well, actually, in a funny way, it’s just like in the markets—that is I weren’t there—of course, I wasn’t doing it, but somebody else would—would—would be taking it away anyhow. And it was the—whether I was there or not, I was only a spectator, the property was being taken away. So the—I had no role in taking away that property. So I had no sense of guilt.”

The Culture of “Da Boyz”

In a piece on Pamela Martens, the former Wall Street whistle blower,  who last year unearthed the black box of Markit, as well as the Primex dark pool, Stephen Metcalf discloses the culture of  “da boyz.”

Whistle-blower´s Grim Tale, Stephen Metcalf, The Observer, December 1, 2002

“The secret to Wall Street’s systemic chauvinism is simple: The Street is insulated against litigation and bad publicity. All employees at the major investment banks must sign a mandatory arbitration clause, effectively giving away their right to sue their employer. Claims are adjudicated in what amounts to an industry-controlled private justice system, by arbitration panels staffed overwhelmingly by white males in their 50’s and 60’s. In mandatory arbitration, no depositions are made public, and awards have ironclad gag provisions. So Wall Street can continue to smile, and smile, and be a villain. One anecdote in particular conveys the full horror of the situation. When two female Smith Barney employees complained of strikingly similar episodes involving a male co-worker, in which the man forced himself on them physically, the firm waited four years before conducting a hearing. “A week before the hearing,” Ms. Antilla writes, Smith Barney “forced the two women to undergo examinations by a psychiatrist of the brokerage firm’s choosing.” One of the women was subjected to a Gulag-quality interrogation. The grilling included “questions about her sex life, the opening of her gynecological records, and queries about her menstrual periods, her marital counseling, and her divorce. The psychiatrist even had copies of her therapy records.” The woman finally broke down when the psychiatrist asked her to recite in reverse order the names of the U.S. Presidents.”

Totalitarianism: The Total Domination of Man

From “Evil: The Crime Against Humanity,” by Jerome Kohn

The “total domination of man” was radically evil, in Arendt’s eyes, not only because it was unprecedented but because it did not make sense. She asked: Why should lust for power, which from the beginning of recorded history has been considered the political and social sin par excellence, suddenly transcend all previously known limitations of self-interest and utility and attempt not simply to dominate men as they are but to change their very nature; not only to kill whoever is in the way of further power accumulation but also innocent and harmless bystanders, and this even when such murder is an obstacle, rather than an advantage, for the accumulation of power?
(see “Ideology and Propaganda”)

There is no ready answer to that question. In Hitler’s case it is well known that his unrelenting dehumanization and destruction of those who presented no threat to him hindered his ability to fight effectively against his real enemies at the end of World War II. What is the point of dominating men at any cost, not as they are but in order “to change their very nature”? If it is for the sake of “the consistency of a lying world order,” as she went on to suggest, what is the point of a system that even if it succeeded in destroying the human world would not end in the creation of a “thousand-year Reich” or “Messianic Age” but only in self-destruction? Arendt, to be sure, never thought the suicidal “victory” of totalitarianism likely. That would first require global rule by one totalitarian power, and in that regard she believed that Hitler’s invasion of Russia in 1941 was symbolically significant in spite of his pact with Stalin two years earlier and in spite of the two leaders’ mutual admiration which she emphasized. Moreover, she saw that “no system has ever been less capable [than totalitarianism] of gradually expanding its sphere of influence and holding on to its conquests.” Most important of all, because plurality is the inescapable condition of human existence–“not Man but men inhabit this planet”–Arendt increasingly came to consider farfetched the notion that a single totalitarian regime could ever destroy the entire world.”