Quotulatiousness

September 22, 2012

The spectre of Ayn Rand is haunting America

Filed under: Books, Economics, Media, Politics, USA — Tags: , — Nicholas @ 10:45

Terence Corcoran on “the most dangerous woman in America”:

Weird, I thought. Why would a world-famous economist, followed by millions, advisor to UN officials and presidents, launch into a personal attack on a novelist who’s been dead more than 30 years by citing one of her novels and paraphrasing the words of one of her characters? How many people have even heard of Ayn Rand? And who the hell cares what one of her characters said in a novel published 60 years ago?

Lots of people, it appears. Ayn Rand may be long dead, but she seems to have been resurrected as the most dangerous woman in America. Judging by the barrage of attacks and references in the media, one can only conclude that Ayn Rand is a pervasive and increasingly powerful force in U.S. politics, possibly on the brink of toppling the prevailing orthodoxies of modern American liberalism.

Media references to Ayn Rand have skyrocketed over the last year, many of them elaborate putdowns. Her name is dropped like a hand grenade into articles and commentaries, as if readers will instantly recognize the menace. Her name has become an explosive device — like Karl Marx’s or Chairman Mao’s — apparently enough to rankle and send shivers down spines.

[. . .]

Rand’s supporters appear to be moving in on Washington’s Cato Institute, a libertarian bastion long headed by Ed Crane but now presided over by John Allison, the Ayn Rand Institute board member. Allison, a former banker from North Carolina, with funding from the billionaire Koch brothers, themselves characters out of Occupy/liberal nightmares, has said he aims to reshape Cato along Randian lines.

This is war. Rand condemned liberals and conservatives, but had even stronger views about libertarians. In a 2009 biography of Rand, author Jennifer Burns records that during Rand’s public speeches, she called libertarians “scum,” “intellectual cranks” and “plagiarists.”

It’s hard to tell today who has more to gain or lose from the seeming resurrection of Ayn Rand as an ideological enemy of the statists. She had no time for most other worldviews, right, left or libertarian. She would have fought the Cato Institute, she would have rejected the Tea Party movement, and she would have sought to demolish the Jeffrey Sachs of the world.

Mismeasuring inequality

Filed under: Economics, Media, Politics, USA — Tags: , , , , — Nicholas @ 10:20

If you haven’t encountered a journalist or an activist going on about the Gini Coefficient, you certainly will soon, as it’s become a common tool to promote certain kinds of political or economic action. It is also useful for pushing certain agendas because while the numbers appear to show one thing clearly (the relative income inequality of a population), it hides nearly as much as it reveals:

The figures they use for a comparison are here. Looking at those you might think, well, if the US is at 0.475, Sweden is at 0.23 (yes, the number of 23.0 for Sweden is the same as 0.23 in this sense) then given that a lower number indicates less inequality then Sweden is a less unequal place than the US. You would of course be correct in your assumption: but not because of these numbers.

For the US number is before taxes and before benefits. The Swedish number is after all taxes and all benefits. So, the US number is what we call “market income”, or before all the things we do to shift money around from rich to poor and the Swedish number (in, fact, the numbers for all other countries) are after all the things we do to reduce inequality.

[. . .]

The US is reporting market inequality, before the effects of taxes and benefits, the Europeans are reporting the inequality after the effect of taxes and benefits.

[. . .]

Which brings us to the 300 million people in the US. Is it really fair to be comparing income inequality among 300 million people with inequality among the 9 million of Sweden? Quite possibly a more interesting comparison would be between the 300 million of the US and the 500 million of the European Union. Or the smaller number in the EU 15, thus leaving out the ex-communist states with their own special problems. Not that it matters all that much as the two numbers for the Gini are the same: 0.3*. Note again that this is post tax and post benefit. On this measure the US is at 0.38. So, yes, the US is indeed more unequal than Europe. But by a lot smaller margin than people generally recognise: or than by he numbers that are generally bandied about.

Which brings us to the second point. Even here the US number is (marginally) over-stated. For even in the post-tax and post-benefit numbers the US is still an outlier in the statistical methods used. In looking at inequality, poverty, in the US we include the cash that poor people are given to alleviate their poverty. But we do not include the things that people are given in kind: the Medicaid, SNAP, Section 8 and so on. It’s possible (I’m not sure I’m afraid) that we don’t include the EITC either. We certainly don’t in the poverty statistics but might in the inequality. All of the other countries do include the effects of such policies. Largely because they don’t offer benefits in kind they just give the poor more money and tell them to buy it themselves. This obviously turns up in figures of how much money the poor have.

Charles Stross on the diminishing marginal utility of just about everything

Filed under: Economics — Tags: , , — Nicholas @ 10:08

A post at his blog looks at an economic concept that is becoming familiar to more of us than ever before (even in the middle of a long-term economic crisis):

There’s a concept in economics called the diminishing marginal utility of money. Loosely put: if you give a £20 bill to a homeless dude, it will make his day — it’s worth a bunch of hot meals or a hostel bed for a few nights. If you give £20 to an average wage earner, it’s nice but not a game-changer: it’s worth a couple of cinema tickets or a round of drinks at the pub. And if you give £20 to a billionaire they probably won’t know what to do with it — they have employees to carry the money around for them, and anyway, they earn more in the time it takes to open their wallet and stash the bill than the £20 note is worth. They’re losing money by taking it!

Money. The more of it you’ve got, the less useful any additional increment becomes. And you don’t have to be a millionaire to get a handle for this.

These days, I’m in the weird position where almost all the stuff I would want to buy with any additional income is either stuff I can simply buy right now … or it isn’t available at any price.

“I can no longer shock [conservatives] when I tell them I’m gay – but I can shock gay people when I tell them I’m Conservative”

Filed under: Cancon, Politics — Tags: , , , , — Nicholas @ 10:00

Of all the political changes you might have expected to see in Canada, having Stephen Harper’s Conservatives become pro-LGBT must be one of the least likely:

A mere seven years ago, the Tories were famously the opponents of same sex marriage. Now, the Harper Conservatives freely push gay rights abroad and even host an annual gathering of gay Tories. While they remain the favourite punching bag for Canadian LGBT activists, have the Harper Tories become unlikely warriors for gay rights?

“I can no longer shock people in the conservative movement when I tell them I’m gay – but I can shock gay people when I tell them I’m Conservative,” said Fred Litwin, and former vice-president of the Ottawa Centre Conservatives.

In June, Mr. Litwin was one of the organizers of the Fabulous Blue Tent Party, a gathering of approximately 800 gay Conservatives at Ottawa’s Westin Hotel that went until 3 a.m.

[. . .]

“It’s no secret that the Conservative Party hasn’t always been the biggest champion of gay rights, but public pressure, and quite frankly, society evolving has changed their views,” said Jamie Ellerton, an openly gay former staffer for Mr. Kenney.

“The Conservative Party, like the rest of society, has moved to be more supportive of gay rights in recent years, and I see that trend continuing,” he said.

[. . .]

After the 2011 suicide of gay Ottawa teen Jamie Hubley, Mr. Baird told the House that homophobia has no place in Canadian schools, and then appeared with other Tory MPs in a video for the “It Gets Better Project,” an online campaign looking to curb the disproportionately high suicide rates among LGBT youth.

In June, members of the Tory caucus even came to the rescue of a transgendered rights bill put forward by NDP MP Randall Garrison. Promising to protect transgender people under the Canadian Human Rights Act and make anti-transgender violence a hate crime, the bill passed second reading thanks to the support of 15 Conservative MPs, including Jim Flaherty and Lisa Raitt.

The “joy” of data-capped, throttled internet access

Filed under: Business, Cancon, Technology — Tags: , , , — Nicholas @ 09:13

Welcome to Canada:

Blogger Stephanie Morrow has complained about data caps in Canada for a while now. The details of her situation show just how hard it can be to get faster internet even if you are willing to pay for it:

    My monthly data cap at the moment is 80 gigs. I pay just over $100 CA for 80 gigs a month, and $2 CA per gig over my cap. Understandably, 80 gigs is not that much, especially if you play multiple games or download a lot of games on Steam, watch Netflix, have a PlayStation 3, Xbox, 3DS, iPad or iPhone like we do. Sadly, there are not a lot of other options. We have two major ISP companies in the city that work this way (there’s no such thing as unlimited here in Canada from these two ISPs), and then there are a handful of smaller ISPs that do offer unlimited but at a greatly reduced speed.

    So, I had to make the sacrifice. Did I want an unlimited cap when I’d barely able to download anything because it would take weeks and weeks, or did I want a cap and be able to download at the speed of light? The cap is a harsh mistress, not to mention that everything peer-to-peer gets throttled. That means no free-to-play games for me because they typically download via a peer-to-peer method that gets throttled. I was unable to do my job while using internet from Rogers, one of the major companies here. I had no choice but to switch to a smaller company or give up my job. I wrote to the companies about this situation but didn’t hear anything back.

That’s a pretty amazing story. I remember the speeds I got when I used another cable company, and I remember just how bad it felt to have to set a game to download overnight. Stephanie goes on to update the situation on her Google + blog, noting that the company she is with is one of the worst throttlers in the country. She quotes TechVibes:

    In 2010, Shaw throttled 14% of users and Bell throttled 16% of users. Rogers? The Toronto-based telco throttled a startling 78% of users, and this number has surpassed 90% during some quarters since 2008.

Again, it can be hard for many of us to imagine having such a limited connection, but I hear from players all the time who have such issues. Is internet access a human right, as declared by the United Nations? Do players have a right to the internet, even if they are using the connection mainly for gaming? I’d have to say yes simply because there are so many common advantages that come with internet access, access that provides information not only about one’s social network but local weather problems, health issues… the list goes on and on. The internet is now so much a part of our lives that we forget just how much we need it.

It’s a very rare month that I don’t get a bandwidth warning from Rogers…

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