October 3, 2011
ReasonTV: Ken Burns on his new documentary, Prohibition
Occupy Wall Street activists fail to persuade
Brendan O’Neill says that the “teenage moralism” of the protesters makes him “ashamed to be Left-wing”:
Occupy Wall Street, the gathering of angry actors, graphic designers and various other hipsters in the financial districts of New York City, might just be the most degenerate Left-wing movement of recent times. Its weird demands, plastered across tongue-in-cheek placards and on super-cool, self-pressed t- shirts, capture the descent of the modern Left into the cesspool of victimology, conspiracy-mongering and disdain for mass society and its allegedly dumb inhabitants. Far from representing anything that I, a Leftie, would recognise as progressive and humane, this gaggle of rich kids spouts little more than snobbery and fear, seemingly incapable of deciding whom they loathe the most: greedy fat bankers or the dumb fat public.
Occupy Wall Street claims to be a mass workers’ movement, but it’s nothing of the sort. It is in fact a tiny, self-selected group of self-righteous, mostly middle-class activists who have failed to win over large sections of the American public to their “cause” — which isn’t surprising when you consider that on the rare occasion that these trendy banker-bashers talk about the American public, they do so with a metaphorical peg on their snouts. An article on the Occupy Wall Street website claims “the working class in this country has been brainwashed by MSM, Fox News and the Right-wing propaganda machine”. It says everyday Americans, being stupid, do not understand what socialism is, because “they have been emotionally brainwashed against it”. And so it falls to the cool, fashionable, oh-so-enlightened activists of Occupy Wall Street to help “de-programme people against the brainwashing they’ve experienced”. That is, the oiks must be re-educated by the hipsters. The little people must have their minds cleaned out by their moral and fashion superiors. Occupy Wall Street mashes together the outlook of Kim Jong-Il with the politics of Susan Sarandon, giving rise to a weirdly hippyish yet authoritarian gathering of slackers-cum-elitists.
Stephen Gordon: markets are volatile, but governments must not be
In his latest Economy Lab post, Stephen Gordon explains why governments should not leap into the breach every time the markets fluctuate:
Politicians and pundits have jumped upon the recent flurry of bad news from financial markets to demand that the federal government “do something” — although just what that something should be is far from clear.
But no sensible government ever makes policy on the basis of a few bad days or weeks on the market, because financial markets are a notoriously unreliable predictor of the real economy. As the great economist Paul Samuelson once noted, “stock markets have predicted nine of the past five recessions”. I don’t know when he said this, but I first heard the quote when I was a graduate student 25 years ago, and its applicability seems timeless. To a very great extent, the day-to-day movements in markets are the result of random chance, and attempts to fit them into a narrative aren’t always convincing.
Ban violent video games? Expect more crime as a result
Caleb Cox explains why:
While there’s no end of detractors claiming that violent videogames cause aggressive, often criminal behaviour, some refreshing research has now insisted that the opposite is true.
The report, entitled Understanding the Effects of Violent Video Games on Violent Crime, says while “there is evidence that violent videogames cause aggression in a laboratory setting, there is no evidence that [they] cause violence or crime [in society]”.
Written by Benjamin Engelstätter from the Centre for European Economic Research, Scott Cunningham from Baylor University in Texas, and Michael Ward from the University of Texas, the paper essentially asserts that because gamers are too busy gaming, they’re unable to cause much trouble in the real world. No shizzle, Sherlocks.
Time to consider a change at quarterback?
Tom Pelissero of ESPN1500.com reports after yesterday’s game in Kansas City.
