Difficult time appear to cal for action, but they demand first and foremost character and judgment. Unfortunately, Sen Elizabeth Warren failed spectacularly at demonstrating both.
Her desire to take a new approach to countering bullying and nonsense in public discourse is understandable, but it takes a lot more than a cute gimmick. Worse, her inability to navigate the delicate issues of race and identity have demonstrated that Democratic leadership is still generally clueless about this topic and will continue to only make things worse.
On 4 November the United States will go through the ritual of changing over to Standard Time. Spring water, fall down, as the saying goes – or something like that. It always seems perfectly ridiculous to think that somehow we “save” an hour when all we’re really doing is moving it around.
It’s even worse if you have friends or colleagues in Europe, which make the change a week earlier, on 28 October For one week there will be six hours between St Paul and Frankfurt instead of the usual seven. Next week it’s back to normal.
All this messing with the clocks only proves how artificial the whole idea of time is. Perhaps we’re better off with one time across the globe.
Barataria has long joked that economics is just sociology with a way of keeping score. Like most jokes, that’s an exaggeration with a kernel of truth at the heart of it. Where we should all be interested in fairly circulating wealth in a way that provides a good life for everyone and raising capital to get things done, people naturally want to know who is “winning” instead.
The stock market is the best, or worst, example of this. Where it should concentrate on raising capital for corporations, it is instead a kind of sporting match. Like any sport, it can be bet on. With the betting comes attempts to game the system which can work in the short term before it all eventually returns to the mean.
That is pretty much all that is happening right now, aside from attempts to game the overall economy with poorly considered deficits and trade wars.
I first ran this piece ten years ago, and update it for every election.
Election Day is not a national holiday, at least not in the traditional sense. But it is the one day that our nation asks something from all of us, even if it’s just a few minutes. If you follow Calle Ocho through Little Havana in Miami on Election Day, you’ll see a long line houses with the red white and blue of US and Cuban flags stretching off into the horizon. Families sometimes come together across generations, as with any holiday, before they go off to vote. Cuban exiles in Miami are a people that know what it means to be free because freedom and good times are often best measured against their opposite.
October is a good month for holidays in North America. At the end of the month we have the collision of the Celtic Samhain with the Aztec / Spanish Dia de los Muertos which swirled into Halloween. But in the middle is the difficult holiday, the one where we celebrate the connection of this continent with the rest of the world. And the three brother nations of this continent have their own ways of marking it. This is a repeat from 2011, updated.
To our North, in Canada, the first Monday after October 12th is Thanksgiving, this year on the 13th. To our South, in Mexico, the 12th is Dia de la Raza. Our brother nations here in North America have found things to celebrate in the early days of Autumn, but here in the USofA we have nothing but the pseudo-holiday Columbus Day – something we’ve tossed over our shoulders and given up on.
This may be a measure of our ability to get anything together.
Fear stalks women in America even when amoral men aren’t directly targeting them. This post from last year discusses how fear is a part of our culture, and drives far too much of our politics.
Freedom. It’s the basis of not just our system, but the values that the system was created to protect. Americans value their freedom above everything else.
But do we really have what it takes to be truly a free people today?
. As Barataria has discussed before, business cycles are not only real but heavily define the world in social and technical development terms. These cycles are, in purely economic terms, changes in availability and attitudes towards debt.
It is more than a little chilling to think that progress naturally comes in waves because of something as mundane as debt. But a system defined by money supply which has features that are destabilizing and work against sustainability and resilience is a large part of what we might call “capitalism.” The equilibrium of markets is pushed and pulled by the availability of capital.
One important feature of Fourth Wave Industrialization has to be that these cycles will need to be broken and greater monetary stability has to be achieved for a truly open market. This is likely to mean that equity will have to be favored over debt. But what, really, is the difference?