Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

March 10, 2009

Things I Learned in High School: Critical Thinking

There were many things I heard in high school which have long exited my brain, seemingly never to return, but some things have managed to stick. Like the time in 10th (11th?) grade honors English class, when our teacher, Ms. Hutchison, had us read Shakespeare's Julius Caesar. We came to a point in the reading where Ms. Hutchison pointed out to us that Shakespeare wasn't actually writing about ancient Rome and the age of Caesar. Well, he kind of was, but only as an allegory for Elizabethan England. Shakespeare was delivering a message to his contemporaries encoded in the form of a historical play. That "Aha!" moment has remained etched in my memory. It had never occurred to me before then, being not very well read, to search for the hidden truth lying behind an author's slight-of-hand designed to force the reader to look at an issue from a new perspective.

Thinking in that way forced me to go through the process of trying to understand just what message Shakespeare was actually trying to deliver to his fellow inhabitants of Elizabethan England. And so began my introduction to literary criticism and critical thought in general. From there, it becomes a fun exercise to deconstruct old Westerns and understand them in their proper context – that of commentary on the times, ie. the cold war period, with an implicit yearning for simpler times and depictions of an obvious enemy in a black hat. In this context, it's easy to understand the messages about racism intended by the creators of “Planet of the Apes.” In the midst of the civil rights struggle, depicting apes fightings against oppressed humans was a clear allegory to our own civil rights struggle. There are several other examples - Idiocracy comes to mind. And everyone knows that futuristic sci-fi is really about us and our worship of technology, but not so much about the science of the future... right?

Once accustomed to understanding criticism and critical thinking, it's a subtle logical shift towards decoding messages from public figures, parsing statements and realizing what is left unsaid is every bit as important, if not more, than what is stated.

I bring this up because we're still dealing with the aftermath of what happens when you don't think critically and understand the "meaning behind the meaning." How hard did we really try to understand the motivation behind the invasion of Iraq? Did we honestly believe that the Patriot Act and looser torture regulations would make us safer? I think about this often, because I sometimes wonder if I'm one of a rare few who attempt to decipher the code of messages we receive. That's an arrogant thing to say, but I can't help but think that far too many don't bother, or that there aren't enough teachers who bother to make this point to their students. I often wish we had a few more Ms. Hutchisons, because that might save us from a lot of unnecessary effort spent fixing mistakes which could have been foreseen. Now that we're living through The Greatest Economic Crisis of Our Lifetimes(TM), it might be a good time to remember this lesson.

November 30, 2008

The Inevitable Decline of Deregulated Markets Into Crony Capitalism

It must be said that one of the most pernicious trends in government has been the resolute path toward libertarian ideology with the desire for a laissez faire utopia trumping all pragmatism and good sense. We've tried this deregulation experiment a few times now with mostly disastrous results: 1. California energy deregulation and 2. US banking deregulation. One would think that libertarian ideologues would at some point need to present actual evidence that their deregulation fantasies can come to fruition. As yet, none exists. Can we now agree that the natural result of market deregulation is almost necessarily graft, corruption and crony capitalism? As with peace activists and pacifists, libertarianism is too naive and dependent on the goodness of other humans.

Take a survey of the world's industrialized economies, both now and since the beginning of industrialization. One would be hard pressed to find just one that fit the model of a libertarian's ideal state. That's because such a state doesn't occur in nature. Just as the middle class does not naturally occur without the assistance of a strong central government (and progressive taxes, natch), so too is a well-oiled, corruption-free, strong capitalist economy accompanied by a government that intervenes on behalf of its constituents, balancing the needs of all parties such that one cannot completely dominate all the others. This is not the same as mandating income equality, which is a pointless exercise, but rather a system of checks and balances to ensure that hard work does not go unrewarded.

Let us now enjoy our new foray into Socialist Democracy.