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  • language « Liam McHugh-Russell
    interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism Benjamin Wild Pugsley blogs boston review Bruce Bartlett business Canada Cathy Davidson CBC cities collective bargaining communications conference corporations democracy digital literacy economics education finance inequality knowledge labour law law learning literature meta learning movies

    Original URL path: http://Mchugh-Russell.ca/tag/language/ (2016-05-01)
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  • neoliberalism « Liam McHugh-Russell
    not per se that e g the work of economic geographers is irrelevant There is lip service in the probabilistic characterization of futures in terms of states of the world that will determine the payouts from those assets to the fact that these states will actually come to occur in a world But the value of the state is in its realized income not in the world You can want to watch a Tahitian sunset but the existence of Tahiti is irrelevant reproducible peripheral The bodies actions performance work interpretations decisions all these from within the perspective of the system are obscene And what is place but a gathering of bodies and actions a complex of work and implementation a site of interpretation and decision an entangled jumble doubly obscene An abomination of unpriced value If you are a Volkswagen executive the question is not what planet you will live on The question is how the risk weighted discounted future cost of getting caught impacts on the firm s share value and how the risk weighted discounted future impact on share value of doing it anyway impacts on your present net worth You must think against the planet as place There is no planet all states after all have their dollar price When there is no more earth we will simply plant gold October 15th 2015 Tags finance Friederich Hayek Gary Becker ideology Irving Fisher Midas neoliberalism Category culture economics Leave a comment Unthinkable I am participating in a reading group on neoliberalism or perhaps on what we talk about when talk about when we talk about neoliberalism Here is Hayek within two contiguous pages 50 51 of his most famous work The Road to Serfdom The intellectual history of the last sixty or eighty years is indeed a perfect

    Original URL path: http://Mchugh-Russell.ca/tag/neoliberalism/ (2016-05-01)
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  • ngrams « Liam McHugh-Russell
    interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism Benjamin Wild Pugsley blogs boston review Bruce Bartlett business Canada Cathy Davidson CBC cities collective bargaining communications conference corporations democracy digital literacy economics education finance inequality knowledge labour law law learning literature meta learning movies

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  • politics « Liam McHugh-Russell
    data shows that the change can t be attributed to growing gaps in educational attainment Besides fairness however there is growing understanding backed up by evidence and theory that inequality is a large part of what caused the financial crisis Former chief economist at the IMF Simon Johnson lays out arguments to that effect from Robert Reich and Raghuram Rajan no economic slouches themselves While admitting the long term fiscal problems faced by the United States Johnson points out that the immeditate causes of the fiscal crunch was paying for the financial crisis one facilitated by 30 years of growing inequality Johnson s argument is about the implications of this understanding for US fiscal policy but it also provides a useful perspective on the Mott s strike A recent book from Richard Wilkinson and Kate Pickett you can read a defence against their critics here has demonstrated the almost unbelievable numer of ways in which equality improves the lives of whole societies that is not just the poor the work of Johnson Rajan and Reich simply adds another reason to realize that the US has far from crossed the line from reasonable into irresponsible Some public advocacy groups have taken a hard tack on inequality yet public awareness on the causes of inequality have as of yet gained much less traction and policy responses seem focused on tax measures alone It is all well and good to focus on individuals and their earnings but ultimately distribution is a result as much if not more of the regulation of the market as it is of post income readjustment The Mott s strike demonstrates just one of the myriad ways in which corporations empowered and informed by legal rules and government policies are allowed to increase their share of the total economic pie It is this wealth which has increasingly found its way into the hands of America s richest If Americans want to do something about inequality and the crisis has shown that we all have a stake in America rebalancing its economic pie then they have to do more than raise taxes on the beneficiaries of corporate largesse They have to go after the largesse itself with policies which ensure a fairer distribution between business and workers in their common enterprise That requires a political strategy which focuses not only on the individual workers but on the larger economic ramifications of short term corporate policies It requires progressives not only to stand in solidarity with the striking workers but to point out to American independents fiscal conservatives and anyone willing to listen that is not only a matter of Mott s shortchanging handful of workers These policies and those like it have implications for American social outcomes global financial stability and the nation s fiscal health So even if it has the ring of comedy we have to start pointing out the greater truth of the matter much as John Stewart did when he called out the hosts of CrossFire it s not that the demand in Williamson for concessions are bad It s more than that Dr Pepper is hurting America August 26th 2010 Tags America Dr Pepper financial crisis inequality labour law Motts politics Snapple strike United States US Category politics poverty US 2 comments I suppose that s a profession I would like to be a part of Even if it is not immediately recognized as such Law as it is idealized by the new law student is the philosophy of state power Not in the explanatory sense of political science but quite literally the philosophy which the state itself cleaves to in the exercise of that power The idealistic among these students will join the ranks of the profession in the hopes that they might take part in contributing to this philosophy their own prejudices fantasies and ires But no matter how beneficial the edifice of the law or how lofty one s principles a tenuous bargain is involved in entering the walls of law s empire and it is one which should not be accepted lightly One is of course aware of the role of the professor to as it were continually attempt to expose the tears in the wall between the philosophy of the state and philosophy proper that is the human philosophy of everyday life But so too is it the job of the law student And if one is fearless in their thinking if one can escape from the work a day practices of the profession which result if without conspiracy at distracting from this question if one is willing to risk which is not to say sacrifice the comfort and security of professional certainty and relative class privilege then so too can this be the role of the working lawyer The job of the law professor then is not just to expose the breach It is to put the pick in the hands of the profession itself August 11th 2010 Tags academia law philosophy politics teaching universities Category law politics Leave a comment Dear Professor Johnson I hope that you won t mind too dreadfully me searching for your contact information online beyond the bounds of the forum where I found this piece to which I have a quick response The thing is one thing that is often missed by Zizek s critics is that he makes otherwise difficult theory lucid which is at least in part why he is so adored by undergraduates that he also makes otherwise lucid theory difficult is perhaps why he is less appreciated in other circles As someone on the left who believes that changing the world also requires really seeing it the thrill in reading his work is that seldom do I find myself disagreeing with what seem to be quite astute characterizations of numerous situations Berlusconi as clown Paris riots checking the connection financial crisis as yet indeterminate Yet overall I share some anxiety that someone whose orientation toward Stalinism seems so hazy

    Original URL path: http://Mchugh-Russell.ca/tag/politics/ (2016-05-01)
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  • words « Liam McHugh-Russell
    interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism Benjamin Wild Pugsley blogs boston review Bruce Bartlett business Canada Cathy Davidson CBC cities collective bargaining communications conference corporations democracy digital literacy economics education finance inequality knowledge labour law law learning literature meta learning movies

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  • economics « Liam McHugh-Russell
    sharing labor incomes and the other 40 percent equally sharing property incomes Or it could mean horrific inequality if the 60 percent going to labor were shared by everyone except one propertied ruling family Of course one doesn t need such extreme hypotheticals to make the point In today s industrialized economies many if not most workers actually rely solely on income from capital for the last 10 25 of their lives i e when they are retired In such societies one way that returns on labour could fall is if workers all decided to to be richer in their retirement than during their working years i e to save more in the early days and spend more on the backend Of course to say we are all capitalists now does not deny the massive inequality in the holding of wealth or that some are for all intents and purposes wholly excluded from any ownership of the commonweal But it does demand that we shift attention away from abstract class categories toward questions of actual distribution and how economic structures impact on its evolution Lindert s first example points to a very different problem In most people s minds what Marx called exploitation the idea that some were able to get an income from the social weal without working was synonymous with the immiseration of the working classes Yet one possible future one that concerns some proponents of a basic income is a world in which there is a reasonable level of income equality but in which only some people have access to or choose to get additional benefits derivable from work It seems unlikely that workers in such a world could be called exploited it is certain that the income share of labour would still tell us close to nothing about how just the society was July 31st 2014 Category economics Leave a comment Democracy for Everyone Good news everyone finance is getting more democratic because technology You know how democracy works right It means that a service that was previously only sold to some people gets sold to everyone now It used to be that only finance dudes got to have finance but now everyone does Hooray Let s watch a video of democracy happening What were we talking about Oh yeah today s breathlessness about the democratizing potential of financial institutions comes from Mohammed Al Erian who as Chair of Barack Obama s Global Development Council apparently has a job whose sole requirement is an uncriticial embrace of the Silicon Valley doctrine of social policy i e the best way to deal with the social problems caused by deterministic technological change and inevitable laissez faire economic governance is just let them keep happening He assures us that this creeping expansion of financial logic into all areas of our lives isn t just democratic it s also disruptive I mean what could be more disruptive than just letting faceless inevitable social processes innovations suddenly appear mechanisms emerge business models face challenges proceed without any attempt to manage their social consequences at all Tackling these claims to disruption democratic potential and to brand new never before seen processes can get pretty tiring Jill Lepore at The New Yorker has done a pretty devestating take down of the disruption discourse attacking head on the idea that economic change proceeds in big leaps rather than incremental steps Peter Frase at Jacobin points out that those most committed to disruption get cold feet when the disruptions aren t derived from a tech enabled business model Evgeny Morozov has made his career skewering those with a growing religious faith that more tech means everything is better for everyone and if he can be accused of throwing out the baby with the bathwater part of the reason is that there is just so so much dirty bathwater There are lots of reasons to be happy about increased access to certain financial services Bringing down the prices of life insurance and small business loans could put them within the reach of people who didn t otherwise have access to them That could make their lives better Al Erian may be right that technological change will reduce the cost of financial intermediation while providing for fairer risk pooling outcomes and better credit underwriting But here s the thing cell phones are now within the reach of almost everyone and it hasn t made society more democratic Buzzfeed may have displaced community newspapers but I can t see how that makes things more democratic The last 40 years of financial innovation brought us near unprecedented levels of wealth inequality and the largest economic crisis since the 1930s Why would anyone believe that the next 40 years of financial innovation are going to automatically create a utopia of equal democratic citizenship How can Al Erian keep using this word empowerment to describe things like kickstarter Kiva and bitcoin It s inconceivable July 31st 2014 Tags democracy disruption finance inconceivable Mohamed A El Erian Oprah Princess Bride techno determinism Category economics politics Leave a comment The End of Capitalists Now I am not sure I totally agree with his reading of the politics for reasons I ve tried to spell out elsewhere But JW Mason does a good job of making a point that has occasionally come up with since the economic crisis drove down interest rates namely i that there is no reason to think that real interest rates should be above zero and ii when real interests rates are very low capitalists qua money owners have no real function Under capitalism the elite are those who own or control money Their function is in a broad sense to provide liquidity To the extent that pure money holders facilitate production it is because money serves as a coordination mechanism bridging gaps over time and especially with unknown or untrusted counterparties that would otherwise prevent cooperation from taking place 1 In a world where liquidity is abundant this coordination

    Original URL path: http://Mchugh-Russell.ca/category/economics/ (2016-05-01)
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  • politics « Liam McHugh-Russell
    lives isn t just democratic it s also disruptive I mean what could be more disruptive than just letting faceless inevitable social processes innovations suddenly appear mechanisms emerge business models face challenges proceed without any attempt to manage their social consequences at all Tackling these claims to disruption democratic potential and to brand new never before seen processes can get pretty tiring Jill Lepore at The New Yorker has done a pretty devestating take down of the disruption discourse attacking head on the idea that economic change proceeds in big leaps rather than incremental steps Peter Frase at Jacobin points out that those most committed to disruption get cold feet when the disruptions aren t derived from a tech enabled business model Evgeny Morozov has made his career skewering those with a growing religious faith that more tech means everything is better for everyone and if he can be accused of throwing out the baby with the bathwater part of the reason is that there is just so so much dirty bathwater There are lots of reasons to be happy about increased access to certain financial services Bringing down the prices of life insurance and small business loans could put them within the reach of people who didn t otherwise have access to them That could make their lives better Al Erian may be right that technological change will reduce the cost of financial intermediation while providing for fairer risk pooling outcomes and better credit underwriting But here s the thing cell phones are now within the reach of almost everyone and it hasn t made society more democratic Buzzfeed may have displaced community newspapers but I can t see how that makes things more democratic The last 40 years of financial innovation brought us near unprecedented levels of wealth inequality and the largest economic crisis since the 1930s Why would anyone believe that the next 40 years of financial innovation are going to automatically create a utopia of equal democratic citizenship How can Al Erian keep using this word empowerment to describe things like kickstarter Kiva and bitcoin It s inconceivable July 31st 2014 Tags democracy disruption finance inconceivable Mohamed A El Erian Oprah Princess Bride techno determinism Category economics politics Leave a comment The End of Capitalists Now I am not sure I totally agree with his reading of the politics for reasons I ve tried to spell out elsewhere But JW Mason does a good job of making a point that has occasionally come up with since the economic crisis drove down interest rates namely i that there is no reason to think that real interest rates should be above zero and ii when real interests rates are very low capitalists qua money owners have no real function Under capitalism the elite are those who own or control money Their function is in a broad sense to provide liquidity To the extent that pure money holders facilitate production it is because money serves as a coordination mechanism

    Original URL path: http://Mchugh-Russell.ca/category/politics/ (2016-05-01)
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  • Rule Thyself « Liam McHugh-Russell
    by the trial of Oscar Pistorius South Africa s famed blade runner for the murder of his girlfriend Reeva Steenkamp The full citation from Corinthians tattooed on Pistorius s upper back reads I do not run like a man running aimlessly I do not fight like a man beating the air I execute each stride with intent I beat my body and make it my slave I bring it under my complete subjection To keep myself from being disqualified After having called others to the contest The line about making my body my slave is not in most translations from Corinthians nor is subjection described as complete Pistorius was raising the stakes He was also punishing or even indicting himself And from a shorter piece on the causes of the recent rise in injuries in the NFL Advertisements are now composed entirely of jump cuts between rippling bodies yelling barking testifying to some endless purgatory of reps sets and routines Menacing homilies about commitment linger on screen to be joined by this model of shoe or that style of gear Every single day we hear Tom Brady chant stoically every single day as his image multiplied a thousandfold by technology drills relentlessly with itself perfectly in sync in a macabre echo of authoritarian spectacle You are the sum of all your training Under Armour threatens us before urging finally at the end Rule Yourself In its unalloyed praise for the eternal necessity of discipline the sports commercial is a worthy heir to Puritan austerity Excess physique is grace rewarded Lean muscle is proof that God loves us and wants us to be strong See There is something there There is also at a stretch a cute echo back to the molding of the self in the academic life in that

    Original URL path: http://Mchugh-Russell.ca/2015/11/23/rule-thyself/ (2016-05-01)
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