Sunday, 13 December 2015 - 5:23pm

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Published by Matthew Davidson on Sun, 13/12/2015 - 5:23pm in

This week, I have been mostly letting the reading slide, with some exceptions:

  • To Weld, Perchance, to Dream — Simon Critchley in the New York Times: The pre-Socratic thinker Thales falls into a ditch because he’s too busy contemplating the heavens and their origins. A Thracian serving girl is said to have laughed heartily at Thales’ pratfall. And that’s how I like to think about philosophy: it doesn’t so much begin in the confined elegance of Oxbridge tutorials as in a ditch with a nasty bruise on one’s head and possibly some ligament damage.
  • It's Too Late to Turn Off Trump — Matt Taibbi is mad as hell and not going to take it anymore, in Rolling Stone: This world of schlock stereotypes and EZ solutions is the one experience a pampered billionaire can share with all of those "paycheck-to-paycheck" voters the candidates are always trying to reach. TV is the ultimate leveling phenomenon. It makes everyone, rich and poor, equally incapable of dealing with reality.
  • Do Not Ask Western Leadership to Fix Anything — Ian Welsh: If you want to fix any problem in the West, or have the West be helpful for fixing any global problem, you need to fix the Western leadership class. That means fixing Western media, education, corporations, etc, etc. The list is long, because they have deliberately broken virtually everything to turn it into an opportunity for a very few people to become richer. If you are British, you have a decent, honorable man who actually wants to do almost all the right things: Corbyn. Get to work supporting him, however you can. If he goes down, the political class will take it as a lesson that trying to help ordinary people is a really bad idea.
  • One Night in Kunduz, One Morning in New York — Laura Gottesdiener, TomDispatch: At 2:56 a.m., on the morning of the attack, an MSF representative in Kabul again texted an official of the American-led mission, demanding an end to the strikes, which had lasted nearly an hour. By then, flames had overtaken the main building, with children still trapped inside. Abdul Manar, a caretaker at the hospital, recalled the sound of their cries. "I could hear them screaming for help inside the hospital while it was set ablaze by the bombing," he told Al Jazeera.
  • Hysteresis and Monetary Policy — Bill Craighead: In macroeconomics, hysteresis occurs when an economic downturn has a lasting effect on economic capacity (i.e., reduced "potential output"); that is, lack of demand creates its own lack of supply. […] People with spells of long-term unemployment have a harder time finding jobs. But looking at the unemployed leaves out those who left the labor force entirely. The last several years have seen a significant drop in labor force participation rates, even among people aged 25-54. […] the unemployment (and presumably the depressed participation rate, too) is "structural" in nature, and not amenable to any improvement in aggregate demand that might be generated with expansionary monetary policy.