The goal of this blog is to critically reflect on the social, cultural, and political foundations of market societies. In particular, the objective is to spur discussion on how the current economic systems around the globe are constructed, what institutional and structural problems have developed, and how these problems can be fixed to create a better functioning economy and society.
Monday, December 21, 2009
Home: The 2009 Documentary
This is one of the best documentaries I have ever seen--on visual, social, cultural, and political levels. The documentary chronicles the present day state of the Earth, its climate and how we as the dominant species have long-term repercussions on its future. A theme expressed throughout the documentary is that of linkage—how all organisms and the Earth are linked in a "delicate but crucial" natural balance with each other, and how no organism can be self-sufficient.
The first 15 minutes include footage of the beginning of the natural world, starting with single-celled algae developing at the edges of volcanic springs. By showing algae's essential role in the evolution of photosynthesis, it also explores the innumerable species of plants which all have their origins in this one-celled life form.
In the rest of the first hour of the film, the documentary takes on a more human-oriented focus, showing the agricultural revolution and its impacts, before moving on to talk about the harnessing of oil, leading to fire, industry, cities and inequality gaps like never before. It portrays the current predicament regarding cattle ranches, deforestation, food and water shortages, the use of non-renewable "fossil water", the over-quarrying crisis and the shortage of energy, namely electricity. Cities such as New York City, Las Vegas, Los Angeles, Shenzhen, Mumbai, Tokyo and Dubai are used as examples of the mismanagement and wastage of energy, water and food. The recession of marshlands and glaciers are shown in vast aerial shots of Antarctica, The North Pole and Africa, while mass emigration and refugee counts are shown currently and forecast in the event that these events remains unchanged.
It is at this point that the film begins to focus on global warming and the carbon crisis. Home shows how melting glaciers, rising sea levels and changing weather patterns are ravaging the people who have least to do with climate change, but also how it soon will affect rich populous areas.
Here, about three minutes of film is given to displaying harsh facts in large white text on a black background followed by a video representation of the fact. This is followed by a positive conclusion. The documentary shows the awful truths regarding our impact on the Earth, but also what we are now doing to combat and reverse it: including renewable energy, the creation of more and more national parks, international co-operation between various nations on environmental issues and the extra education and reform being had across the globe in response to the current problems facing the earth. To view the entire movie click here.
Wednesday, November 11, 2009
Sociology is a Martial Art
" I often say sociology is a martial art, a means of self-defense. Basically, you use it to defend yourself, without having the right to use if for unfair attacks". Pierre Bourdieu
Pierre's Bourdieu's forty books and countless articles represent probably the most brilliant and fruitful renovation and application of social science in our era. The highly influential, at times controversial intellectual--a longtime Professor of Sociology at the College de France--passed away in January 2002.
A "committed" thinker in the vein of Foucault, his work is concerned with elucidating the processes of symbolic violence and cultural domination in various areas of social life. His most well known book, Distinction (1979), addressed these themes in an effort to overcome the opposition of objectivist (Marxist) and subjectivist (Weberian) theories of class.
In the late nineties he became something of a celebrity scholar, one of the world's most important academics actively associated with the anti-globalization movement. Bourdieu himself argued that scholars and writers could and should bring their specialized knowledge to bear on social and political issues. His powerful critiques of the neoliberal revolution were the natural outgrowth of a lifetime of research into economic, social and cultural class domination among peoples as disparate as Algerian peasants and French professors, and as expressed in everything from amateur photography to posture.
SOCIOLOGY IS A MARTIAL ART, a new documentary about Bourdieu's life, became an unexpected hit in France just prior to his death. Filmed over three years, director Pierre Carles' camera follows Bourdieu as he lectures, attends political rallies, travels, meets with his students, staff, and research team in Paris, and includes Bourdieu having a conversation with Günter Grass.
The film's very title stresses the degree of Bourdieu's political engagement. He took on the mantle of Emile Zola and Jean-Paul Sartre in French public life, slugging it out with politicians because he considered those lucky enough to have spent their lives studying the social world could not be indifferent to the struggle for justice.
"The finest documentary a social scientist could ever dream of...While discovering this fascinating man and his strong personality, we can understand how and why Bourdieu became the most famous French sociologist of the second half of the 20th century, and the most quoted social scientist on the Internet. [The film is] a vital documentary that should be part of every college or university library. It will be easily comprehensible to undergraduate students, and quite useful in various courses in social sciences."—International Sociology
Wednesday, October 7, 2009
A Journey Through the Global Criminal Underworld
The talk is based on his book McMafia. In the book, former BBC World correspondent Glenny (The Balkans, 1804–1999) presents a riveting and chilling journey through the myriad criminal syndicates flourishing in our increasingly globalized world, which make up as much as 20% of global GNP. Tracing the growth of organized crime—ranging from the burgeoning sex trade in volatile, postcommunist Bulgaria to elaborate Internet frauds in Nigeria—Glenny expertly combines interviews with key players, economic studies and sociological analysis. He argues that the chaos and political upheaval following the demise of communism in Eastern Europe, along with increasing demand in the West and the easy flow of money and people provided the perfect opportunity for organized crime to gain a foothold on the dark side of the globalizing economy. Glenny's achievement is in introducing readers to the less familiar aspects of global crime, from Kazakhstan's caviar mafia to the flourishing marijuana trade in British Columbia. Consequently, his interview subjects are equally varied: sex slaves in Tel Aviv, a co-conspirator in the deadly 1993 Mumbai bombings and top Washington policy makers share the pages. Readers yearning for a deeper understanding of the real-life, international counterparts to The Sopranos need look no further than Glenny's engrossing study.
Chicago Schooled
The visible hand of the recession has revitalized critics of the Chicago School of Economics. This intellectual school has led U.S. domestic and foreign policy for the last 3 decades. Will the current economic shock force the Chicago boys to change or adapt? Or will they simply keep prescribing to the same models? Is the Chicago School to blame for the economic disaster? According to Stiglitz, the 2001 Nobel lareate in economics, “The Chicago School bears the blame for providing a seeming intellectual foundation for the idea that markets are self-adjusting and the best role for government is to do nothing.” Enjoy the article and let me know if you have any comments or concerns.By Michael Fitzgerald--On a sunny day this spring, more than 1,000 people streamed into the Sheraton near the Gleacher Center for a conference on the Future of Markets. Its keynote panel, headlined by Nobel laureate Gary S. Becker, AM’53, PhD’55, featured six Chicago economists with differing viewpoints. The stock market was in the early part of a rally that would yield its best quarter since 1998. Stock-market turnarounds usually signal better times coming, but in an economy contracting 6 percent, better was relative.
So the rally didn’t change the feeling among the free-market enthusiasts at the University of Chicago Booth School of Business management conference that market economics was on shaky ground: most of the financial industry, they felt, had been nationalized in all but name. Two of the three U.S. automakers looked like they would follow suit. The government was capping pay in the financial services. What in the name of the Chicago School was going on? (read more)
Thursday, August 20, 2009
The Cycle of Human Consumption
I came across this critical look at the cycle of human consumption in our modern economic system and loved it. Please take the time to watch the entire video--around 20 minutes. From its extraction through sale, use and disposal, all the stuff in our lives affects communities at home and abroad, yet most of this is hidden from view. The Story of Stuff is a, fast-paced, fact-filled look at the underside of our production and consumption patterns. The Story of Stuff exposes the connections between a huge number of environmental and social issues, and calls us together to create a more sustainable and just world. It'll teach you something, it'll make you laugh, and it just may change the way you look at all the stuff in your life forever.--by Annie Leonard
Sunday, August 2, 2009
How Different Groups Spend Their Day
This is a great interactive graph that breaks down how those in American society spend--or value--their time. The American Time Use Survey asks thousands of American residents to recall every minute of a day. Here is how people over age 15 spent their time in 2008.The related NYT article points out that, on an average weekday, the unemployed sleep an hour more than their employed peers. They tidy the house, do laundry and yard work for more than two hours, twice as much as the employed. The unemployed also spend an extra hour in the classroom and an additional 70 minutes in front of the television.
The annual time use survey, which asks thousands of residents to recall every minute of a single day, is important to economists trying to value the time spent by those not bringing home a paycheck.
"If all we were doing is substituting production at home for production in the marketplace," said Daniel S. Hamermesh, an economics professor at the University of Texas at Austin, "then maybe unemployment wouldn't be so bad."Tuesday, July 28, 2009
Alain de Botton: A Kinder, Gentler Philosophy of Success
Alain de Botton examines our ideas of success and failure -- and questions the assumptions underlying these two judgments. Is success always earned? Is failure? He makes an eloquent, witty case to move beyond the typical view of these notions to find true pleasure in our work. In particular, it is important to face the subtle complexities of modern society that are holding us back--anxiety in modern society, competitive society, individualistic society, and the lack of a central component. I hope you enjoy! http://www.ted.com
Wednesday, July 1, 2009
Ghana: Digital Dumping Ground
This is a shocking investigative report by FRONTLINE! As this month's digital conversion makes tens of millions of analog TVs obsolete, and Americans continue to trash computers and cell phones at alarming rates, FRONTLINE/WORLD presents a global investigation into the dirty secret of the digital age--the dumping and dangerous recycling of hundreds of millions of pounds of electronic waste across the developing world. The report also uncovers another byproduct of our disposable culture--data fraud, as thousands of old hard drives are finding their way into criminal hands.
On the outskirts of Ghana's biggest city sits a smoldering wasteland, a slum carved into the banks of the Korle Lagoon, one of the most polluted bodies of water on earth. The locals call it Sodom and Gomorrah.
Correspondent Peter Klein and a group of graduate journalism students from the University of British Columbia have come here as part of a global investigation -- to track a shadowy industry that's causing big problems here and around the world.
Their guide is a 13-year-old boy named Alex. He shows them his home, a small room in a mass of shanty dwellings, and offers to take them across a dead river to a notorious area called Agbogbloshie.
Agbogbloshie has become one of the world's digital dumping grounds, where the West's electronic waste, or e-waste, piles up -- hundreds of millions of tons of it each year.
The team meets with Mike Anane, a local journalist who has been writing about the boys at this e-waste dump.
“Life is really difficult; they eat here, surrounded by e-waste,” Anane tells them. “They basically are here to earn a living. But you can imagine the health implications.”
Some of the boys burn old foam on top of computers to melt away the plastic, leaving behind scraps of copper and iron they can collect to sell. The younger boys use magnets from old speakers to gather up the smaller pieces left behind at the burn site. (more)
Monday, June 22, 2009
The Science of Economic Bubbles and Busts
It is great to see the new trend in economics--behavioral economics, finance economics, and neuroeconomics--away from classical economic theory to an investigation of the role of psychology in making economic decisions. What is next? An investigation of the role of socal structure and cultural schemes in economic markets:) I hope you enjoy the following article and I look forward to any reaction.Gary Stix--Even people who do not use illicit drugs or get shot in the head have to contend with the reality that some of the decisions cooked up by the brain’s frontal lobes may lead them astray. A specific site within the prefrontal cortex, the ventromedial prefrontal cortex (VMPFC) is, in fact, among the suspects in the colossal global economic implosion that has recently rocked the globe.
The VMPFC turns out to be a central location for what economists call “money illusion.” The illusion occurs when people ignore obvious information about the distorting effects of inflation on a purchase and, in an irrational leap, decide that the thing is worth much more than it really is. Money illusion may convince prospective buyers that a house is always a great investment because of the misbegotten perception that prices inexorably rise. Robert J. Shiller, a professor of economics at Yale University, contends that the faulty logic of money illusion contributed to the housing bubble: “Since people are likely to remember the price they paid for their house from many years ago but remember few other prices from then, they have the mistaken impression that home prices have gone up more than other prices, giving a mistakenly exaggerated impression of the investment potential of houses.”
Economists have fought for decades about whether money illusion and, more generally, the influence of irrationality on economic transactions are themselves illusory. Milton Friedman, the renowned monetary theorist, postulated that consumers and employers remain undeluded and, as rational beings, take inflation into account when making purchases or paying wages. In other words, they are good judges of the real value of a good.
But the ideas of behavioral economists, who study the role of psychology in making economic decisions, are gaining increasing attention today, as scientists of many stripes struggle to understand why the world economy fell so hard and fast. And their ideas are bolstered by the brain scientists who make inside-the-skull snapshots of the VMPFC and other brain areas. Notably, an experiment reported in March in the Proceedings of the National Academy of Sciences USA by researchers at the University of Bonn in Germany and the California Institute of Technology demonstrated that some of the brain’s decision-making circuitry showed signs of money illusion on images from a brain scanner. A part of the VMPFC lit up in subjects who encountered a larger amount of money, even if the relative buying power of that sum had not changed, because prices had increased as well. (more)
If you like this, then here are a few books you should read:
Shiller, Robert. 2008. The Subprime Solution: How Today's Global Financial Crisis Happened and What to DO about It. Princeton University Press.
Akerlof, George A., and Robert Shiller. 2009. Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism. Princeton University Press.
Thaler, Richard H., and Cass Sunstein. 2009. Nudge: Improving Decisions about Health, Wealth and Happiness. Penguin Books.
Ariely, Dan. 2008. Predictably Irrational: The Hidden Forces That Shape Our Decisions. HarperCollins.
Sunday, June 21, 2009
The Changing Role of Technology in Social Movements
The recent turn of events in Iran have brought to the forefront the changing role of technology in social and political movements. There are those who argue that new media technology allows for the possibility of significant political resistance--and potential revolution. Others say that it is epiphenomenal to the larger organic social movement. However, I believe that we should understand the pros and cons of these new technologies and their potential role in the geo-political landscape. With this in mind, here is an interesting article by Noam Cohen spelling out the strengths and weaknesses of the micro blogging service called twitter.
Political revolutions are often closely linked to communication tools. The American Revolution wasn’t caused by the proliferation of pamphlets, written to whip colonists into a frenzy against the British. But it sure helped.
Social networking, a distinctly 21st-century phenomenon, has already been credited with aiding protests from the Republic of Georgia to Egypt to Iceland. And Twitter, the newest social-networking tool, has been identified with two mass protests in a matter of months — in Moldova in April and in Iran last week, when hundreds of thousands of people took to the streets to oppose the official results of the presidential election.
But does the label Twitter Revolution, which has been slapped on the two most recent events, oversell the technology? Skeptics note that only a small number of people used Twitter to organize protests in Iran and that other means — individual text messaging, old-fashioned word of mouth and Farsi-language Web sites — were more influential. But Twitter did prove to be a crucial tool in the cat-and-mouse game between the opposition and the government over enlisting world opinion. As the Iranian government restricts journalists’ access to events, the protesters have used Twitter’s agile communication system to direct the public and journalists alike to video, photographs and written material related to the protests. (As has become established custom on Twitter, users have agreed to mark, or “tag,” each of their tweets with the same bit of type — #IranElection — so that users can find them more easily). So maybe there was no Twitter Revolution. But over the last week, we learned a few lessons about the strengths and weaknesses of a technology that is less than three years old and is experiencing explosive growth. (more)