Ron Paul made an impassioned speech today. One of his points is that we can't simply re-inflate the bubble. He further claimed that we certainly can't solve our crisis by attempting to create "capital" with a printing press. He claims that we are at a sea change, and that we need to learn to live within our means. He's got my attention.
Based on a new study reported by the NYT, people who do things badly
are usually supremely confident of their abilities -- more confident, in fact, than people who do things well.
Humor-impaired joke-tellers rated themselves as funny . . .
One reason that the ignorant also tend to be the blissfully self-assured, the researchers believe, is that the skills required for competence often are the same skills necessary to recognize competence.
It would seem, then, that you shouldn't ever ask someone whether they are good at what they do. This is a good reason to downplay the importance of oral interviews.Richard Wolff has been a professor of economics at the University of Massachusetts since 1981. Media Education Foundation has just released a new video of Wolff, offering his opinions on the current economic crisis. Here's the trailer, which offers some dramatic motion-graphs illustrating wage stagnation versus productivity in America. Here's the blurb from MEF:
Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government bailouts, stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis, in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes.
I haven't viewed the entire video, only the trailer, but even the trailer presents important context for our current economic crisis. I do hope that, in the full video, Wolff puts blame not only on the profit-makers but also on American consumers, who have clearly made quite a few terrible decisions in their attempts to live beyond their means. Not all of that accrued individual debt was for the purpose of buying essentials such as food, housing and health care. There is a LOT of blame to go around: my targets include the greedy and corrupt financial sector and many irresponsible consumers. Not that all businesses are greedy, nor all consumers irresponsible. With this caveat, though, I did want to link to this video trailer because the graphs are mind-blowing. Further, MEF has put out terrific videos that offer clarity regarding many of our country's most contentious issues. One example is the MEF production, War Made Easy.I've mentioned the Louisiana Gov before, as he signed a Discovery Institute plan to allow creationism in biology classrooms into law. It shouldn't have surprised me that Bobby Jindal was the chosen figurehead to rebut the first public Obama address to Congress. After all, he is young and dark with at least one foreigner for a parent. It seems a natural, from a certain game-playing point of view. But the talking points have all been heard before. His speech may well have been finalized weeks ago. The allegations of "pork" about the massive stimulus bill are what irk me. The examples cited are so silly, I wonder how anyone believes them. The sum of all the line items to which so-called conservatives object add up to a fraction of the bill. One line item he cited was a small fraction of a billion to upgrade aging government vehicles to newer, more fuel efficient models: Pure pork to the failing American Auto makers? It's significantly less than what they are asking for as an encore direct handout. There were mentions of some classic pork projects, like energy research and environmental studies. No one really needs to know how to prevent the collapse of our lifestyle, civilization, or species. Do they? One allegation that puzzles me every time a conservative says it is that this stimulus bill builds a bigger government. How? One of the issues with it is that no bureaucracy was set up to monitor spending. No new agencies are being created, nor are existing ones being expanded. Exactly how is this spending measure making government bigger? The biggest buildup of Big Brother government agencies was enacted by the previous administration. Why didn't they object for the last 7 years? Homeland security is a bureaucracy established to coordinate the bureaucracies sitting on top of the agencies that actually do things having to do with internal and external security. His parable of volunteer Katrina rescue boats was well aimed. They had to violate insurance regulations as if the flooding of a city was a non-typical circumstance. But it is a poor illustration of Big Brother governance. That the Dubya appointed management of FEMA failed, and his backup, Dubya himself, failed and that the manpower established to deal with such events was engaged on a foreign mission for which the Army was inadequate is hardly proof that government itself is a bad organization to organize rescue efforts. But it does prove that we should be more careful in electing and appointing those in charge.
Barack Obama has quite a knack for addressing deep themes with his surface eloquence. What are those deep themes? Linguist George Lakoff has taken the time to set them out in a recent Huffpo article, and I think he's thought it through impressively. Lakoff's article is well worth a slow read. What is Obama really about?
Behind the Obama Code are seven crucial intellectual moves that I believe are historically, practically, and cognitively appropriate, as well as politically astute. They are not all obvious, and jointly they may seem mysterious. That is why it is worth sorting them out one-by-one.
Note that for Lakoff (and Obama), "progressive values" (#2) are the natural result of genuine and uncorrupted empathy:Those empathy-based moral values are the opposite of the conservative focus on individual responsibility without social responsibility. They make it intolerable to tolerate a president who is The Decider--who gets to decide without caring about or listening to anybody. Empathy-based values are opposed to the pure self-interest of a laissez-faire "free market," which assumes that greed is good and that seeking self-interest will magically maximize everyone's interests. They oppose a purely self-interested view of America in foreign policy. Obama's foreign policy is empathy-based, concerned with people as well as states--with poverty, education, disease, water, the rights of women and children, ethnic cleansing, and so on around the world.
Here are Lakoff's seven insights into the ideas that drive Obama's spoken words:1. Values Over Programs 2. Progressive Values are American Values 3. Biconceptualism and the New Bipartisanship 4. Protection and Empowerment 5. Morality and Economics Fit Together 6. Systemic Causation and Systemic Risk 7. Contested Concepts and Patriotic Language