Piketty’s definition of wealth does not include human capital, owned by the workers, which has grown in rich countries to be the main source of income, when it is combined with the immense accumulation since 1800 of capital in knowledge and social habits, owned by everyone with access to them. Once upon a time, Piketty’s world without human capital was approximately our world, that of Ricardo and Marx, with workers owning only their hands and backs, and the bosses and landlords owning all the other means of production. But since 1848 the world has been transformed by what sits between the workers’ ears.
The only reason in the book to exclude human capital from capital appears to be to force the conclusion Piketty wants to achieve. One of the headings in Chapter 7 declares that “capital [is] always more unequally distributed than labor.” No it isn’t. If human capital is included — the ordinary factory worker’s literacy, the nurse’s educated skill, the professional manager’s command of complex systems, the economist’s understanding of supply responses — the workers themselves, in the correct accounting, own most of the nation’s capital — and Piketty’s drama falls to the ground.
Finally, as he candidly admits, Piketty’s own research suggests that only in the United States, the United Kingdom, and Canada has income inequality increased much, and only recently. In other words, his fears were not confirmed anywhere from 1910 to 1980; nor anywhere in the long run at any time before 1800; nor anywhere in Continental Europe and Japan since World War II; and only recently, a little, in the United States, the United Kingdom, and Canada. That is a very great puzzle if money tends to reproduce itself as a general law. The truth is that inequality goes up and down in great waves, for which we have evidence from many centuries ago down to the present, which also doesn’t figure in such a tale.
Deirdre N. McCloskey, “How Piketty Misses the Point”, Cato Policy Report, 2015-07.
September 9, 2017
QotD: Picketty’s unsupported inequality claims
September 8, 2017
Attempted Military Coup in Russia – The Kornilov Affair I THE GREAT WAR Week 163
Published on 7 Sep 2017
The situation in Russia further escalates as Lavr Kornilov attempts to gain complete power with a military coup. The result is a disaster for him and thousands of armed Bolsheviks in the streets of Petrograd.
New pro-Hillary website gets panned … even by otherwise pro-Clinton sites
Peter Daou’s Verrit, a new website for Hillary Clinton supporters, isn’t getting rave reviews even from pro-Clinton sources:
This Pro-Hillary Website Looks Like North Korean Agitprop
Peter Daou, the prickly pro-Clinton operative, has launched a propaganda rag so shameless it would make Kim Jong Un blush.Who would buy stock in a twice-defeated presidential candidate?
If the candidate under question is Hillary Clinton, that zealous buyer would be Peter Daou, one-time rocker, seasoned political blogger, former campaign adviser to John Kerry and Hillary Clinton, ambitious litigant, propagandist and internet entrepreneur. A couple of days ago, Daou launched his self-funded Verrit.com, a slavishly pro-Clinton site (endorsed by Hillary!) to carry on her failed crusade.
The derision greeting Verrit is so universal it inspires sympathy for Daou, as Gizmodo, the Washington Post, Outline, New Republic, New York, The Ringer and others have broken its back with their snap judgments. “Verrit, a Media Company for Almost Nobody,” read one headline. “No One Asked for Verrit, But Here We Are,” stated another. “What Is Verrit and Why Should I Care? (Unclear; You Shouldn’t.),” said a third. “Peter Daou Continues to Embarrass Hillary Clinton,” asserted the best in show.
People, people! It’s only a website!
Granted, Verrit is a goofy website, as websites go. If you don’t possess the courage to visit it right now, here’s a description: Imagine if Matt Drudge created a Hillary fan site, only instead of listing news stories in a text-heavy fashion, he arranged them on the Web equivalent of 3×5 cards, and in addition to typing headlines onto the cards, he pulled out salient facts and stats from the stories (called “verrits”). Each card carries a unique serial number that you can plug into the Verrit database to prove … well, I don’t know exactly what it proves other than Verrit drew its facts and stats from the news source cited.
Grant Vs Lee Who Was The Better General?
Published on 17 Aug 2016
Today I break down the book: Grant And Lee: A Study In Personality And Generalship By J.F.C Fuller
Here’s a quick break down of the two personalities
Grant: common sense, logical, simple plans with incredible precise execution, the ability to bring a whole lot of moving pieces into focus, and finally the ability to think clearly under stress.
Lee: The ability to motivate his men to an incredible degree, an extremely kind man, very good at doling out troops to his commanders when in a defensive situation.This video goes into more detail on all of this, I hope you enjoyed!
Google’s unbridled market power and ability to quash critics and competitors
In Wired, Rowland Manthorpe reports on another case of Google roughing up someone for being critical of their current “be evil” business philosophy:
The latest allegation against Google? Jon von Tetzchner, creator of the web browser Opera, says the search giant deliberately undermined his new browser, Vivaldi.
In a blogpost titled, “My friends at Google: it is time to return to not being evil,” von Tetzchner accuses the US firm of blocking Vivaldi’s access to Google AdWords, the advertisements that run alongside search results, without warning or proper explanation.
According to Von Tetzchner, the problem started in late May. Speaking at the Oslo Freedom Forum, the Icelandic programmer criticised big tech companies’ attitude toward personal data, calling for a ban on location tracking on Facebook and Google. Two days later, he suddenly found Vivaldi’s Google AdWords campaigns had been suspended. “Was this just a coincidence?” he writes. “Or was it deliberate, a way of sending us a message?” He concludes: “Timing spoke volumes.”
Von Tetzchner got in touch with Google to try and resolve the issue. The result? What he calls “a clarification masqueraded in the form of vague terms and conditions.” The particular issue was the end-user license agreement (EULA), the legal contract between a software manufacturer and a user. Google wanted Vivaldi to add one to its website. So it did. But Google had further complaints.
According to emails shown to WIRED, Google wanted Vivaldi to add an EULA “within the frame of every download button”. The addition was small – a link below the button directing people to “terms” – but on the web, where every pixel matters, this was a potential competitive disadvantage. Most gallingly, Chrome, Google’s own web browser, didn’t display a EULA on its landing pages. Google also asked Vivaldi to add detailed information to help people uninstall it, with another link, also under the button.
The links Vivaldi says it was forced to add to comply with Google’s demands (image via Wired)
Book Review: The Schmeisser Myth by Martin Helebrant
Published on 17 Feb 2017
The Schmeisser Myth: German Submachine Guns Through Two World Wars is a newly published history of SMG development from the Villar Perosa and MP18 through the MP38 and MP40, written by Martin Helebrant. Given that it is published by Collector Grade, it should be no surprise that it is an excellent volume, which includes both historical and developmental context as well as detailed collectors’ information on markings, variations, and production numbers.
QotD: Never ask where writers get their inspiration
My Dark Age adventure, Shieldwall: Barbarians! is Young Adult, meaning, in this case, Sharpe or Conan but without the shagging, and with slightly more moral compass — really you can read it as being “in the tradition of” Harold Lamb and the Pulpmeisters of Yore and ignore the YA tag. When I wrote it, I had in my head “Robert E Howard does Rosemary Sutcliff (but not that way (though they would have made a lovely couple))”.
M Harold Page, “Shieldwall: Barbarians! Writing and self-publishing an old school boy’s young officer story set in Attila’s invasion”, Charlie’s Diary, 2015-06-03.
September 7, 2017
We Are Coming To Italy and Slovenia! I THE GREAT WAR On The Road
Published on 6 Sep 2017
September 18 – Meeting at Kobarid, Slovenia: http://bit.ly/Kobarid
September 19 – Meeting at Vittorio Veneto, Italy: http://bit.ly/VittorioVeneto
September 20 – Meeting at Lagazuoi: http://bit.ly/LagazuoiWW1
Roman Roads of Britain
Last month, Colin Marshall shared this post on Open Culture:
[Click to embiggen]
Though some of Britain’s Roman Roads have become modern motorways, most no longer exist in any form but those bits and pieces history buffs like to spot. This makes it difficult to get a sense of how they all ran and where — or at least it did until Sasha Trubetskoy made a Roman Roads of Britain Network Map in the graphic-design style of the subway maps you’ll find in London or any other major city today. Trubetskoy, an undergraduate statistics major at the University of Chicago, first found cartographical fame a few months ago with his “subway map” of roads across the entire Roman Empire circa 125 AD.
“Popular request,” he writes, demanded a Britain-specific follow up, a project he describes as “far more complicated than I had initially anticipated.” The challenges included not just the sheer number of Roman Roads in Britain but a lack of clarity about their exact location and extents. As in his previous map, Trubetskoy admits, “I had to do some simplifying and make some tough choices on which cities to include.” While this closer-up view demanded a more geographical faithfulness, he nevertheless “had to get rather creative with the historical evidence” in places, to the point of using such “not exactly Latin-sounding” names as “Watling Street” and “Ermin Way.”
Argentina expresses interest in laser death-beam-equipped USS Ponce
Those sneaky Argentines, trying to grab some surplus seagoing laser switchblade technology:
The U.S. Navy Afloat Forward Staging Base (Interim) USS Ponce (AFSB(I)-15) conducts an operational demonstration of the Office of Naval Research (ONR)-sponsored Laser Weapon System (LaWS) while deployed to the Arabian Gulf.
Date. 16 November 2014 (via Wikimedia)
Argentina reportedly wants to buy the US Navy’s laser death ray testbed warship, the fearsomely named USS Ponce.
According to the Mail on Sunday, the Argentinians are interested in buying the 46-year-old former landing platform (dock) from the American Navy when she is decommissioned next year.
“Senior Pentagon sources have confirmed talks are ongoing with the Argentinians over a Landing Platform Dock vessel capable of launching 800 troops, six helicopters and 2,000 tons of equipment into a war zone,” reported the paper, contrasting this with the Royal Navy’s HMS Ocean, which is very similar to the Ponce’s original configuration.
As regular readers know, the mighty Ponce has spent the last few years blasting various targets into bits using a shiny new $40m laser cannon and the US Navy even deployed her to the Gulf a few years ago.
To North American readers: if you’re wondering why this reads a bit oddly even by ordinary Register standards, it’s because the word “ponce” in British usage is a bit, um, odd. It’s taken as read that the primary purpose of an Argentine-flagged Ponce would sooner or later be intended for use in “liberating” the Falkland Islands:
The Ponce would be far from the first former US warship acquired by Argentina. In 1951 the Second World War cruiser USS Phoenix, a veteran of the Pearl Harbour attack by Japan, was bought by Argentina. She was renamed ARA General Belgrano – and sunk by British nuclear submarine HMS Conqueror during the 1982 Falklands War. Doubtless the same fate would befall the Ponce if Argentina tried the same trick again.
James May’s 80s internet EXTRAS – James May’s Q&A (Ep 19) – Head Squeeze
Published on 10 May 2013
James reflects on the lifetime of the internet… what was he doing on the web in 1988? What does he use it for most? And how will it banish all oppressive regimes?
Extra content from James May’s Q&A (Ep 19) http://youtu.be/C3sr7_0FyPA
James May’s Q&A: With his own unique spin, James May asks and answers the oddball questions we’ve all wondered about from ‘What Exactly Is One Second?’ to ‘Is Invisibility Possible?’
QotD: The United Nations, the “ratty old sofa of geopolitics”
Years ago I asked my father why a ratty old sofa was still in the house. He replied simply: It’s there because it’s there. The words had a strange finality about them. Almost metaphysical in their profundity. What we were talking about was a sofa purchased years ago, used and abused by the family, and then unceremonious shunted into an obscure room when the newer model arrived. As I recall on delivery day there had been talk of carting away the ratty old sofa. The haulers had offered to take it — for a price. My father balked and so it has remained. A dusty old sofa living out its days, slowly crumbling into the parquet.
The philosophy of furnishing a suburban home is important. It reveals something about the human psyche. When we spend a lot of time and effort bringing something into our lives, we become reluctant to dispense with it. When that particular something is a big and bulky item, requiring much effort to remove, lethargy places its death grip upon it. Think of how many things in your life where you can say: It’s there because it’s there.
Gingerly moving from the life of individuals to the life of nations we run into the same problem. Things that are there because no one has bothered to get rid of them. In the dim and distant recesses of the national memory a purpose was once understood. That purpose is long done and gone. Habit and lethargy defend the otherwise indefensible. This brings us to the ratty old sofa of geopolitics: The United Nations.
In one of those fits of New Deal liberalism that has cost America so much in treasure — and occasionally blood — it was resolved after the Second World War that world peace would be secured by creating a council of nations. This was suppose to be a new and improved version of the League of Nations. The much maligned League had been set-up after the First World in a fit of Wilsonian liberalism. It too was designed to secure world peace. Rather than junk the original concept entirely the United Nations simply tweaked it. As generations of history textbooks have wisely explained the neo-league had a Security Council which recognized the reality of Great Power politics.
[…]
The UN has been far more successful than the League of Nations in one very important way: It has survived. The most important thing for any bureaucracy is to survive. Accomplishing its intended goal is secondary if not outright dangerous. If the War on Poverty had been won why would we need three-quarters of the federal government? If complete world peace existed then the UN would look even more pointless than it does now.
The key to the UN’s survival has been one thing: Guilt tripping the United States. Suggesting that if the US failed to fund the UN it would lead to war and devastation through out the globe. Financially the UN cannot survive without American largesse. Diplomatically it exists at the sufferance of the American government, occupying prime Manhattan real estate in defiance of economics and common sense. Had they put the General Assembly building in Newark perhaps the foreign diplomats would have all gone home by now.
Richard Anderson, “The Greatest Waste of Money On Earth”, The Gods of the Copybook Headings, 2015-09-29.
September 6, 2017
A feminist retelling of Lord of the Flies
Benedict Spence on the reported new movie retelling the story of William Golding’s Lord of the Flies from a female point of view:
It’s not always beneficial to know what an author thinks of his or her own work (J.K. Rowling demonstrates how infuriating this can be on a daily basis). But before his death, Golding specifically said that the characters in Lord of the Flies were supposed to be all boys, because: ‘I didn’t want this book to be about sex.’ ‘It’s too trivial a thing to get into a book like this, which was about the problem of evil’, he said.
You would have thought that Golding’s reasoning would make sense to feminists, who often argue that maleness (especially white maleness) is evil. So, if a matriarchal society would be more pacifist and just, how could an island of little girls descend into the same chaos as happens to the boys in Lord of the Flies?
None of this is to say that remakes are always destined for mediocrity. But when remakes set out to make a political point, as is clearly the case here, the result is often cringe-inducing and lacking in artistic merit. Worse still, in this case the remake entails ripping out a core part of the story for the sake of mere virtue-signalling. There’s nothing interesting or daring about that.
I don’t know why people are freaking out about this … clearly just changing one element of the original story (swapping out all the boys for girls) is going to change the outcome: that’s kind of the point, isn’t it?
As we all know, a society composed only of males will naturally collapse into barbarism due to a massive overdose of toxic masculinity. On the other hand, a society composed only of females will have zero conflict (because women are naturally co-operative), and all issues will be dealt with democratically and fairly, with equal sharing of burdens and outcomes. I’m not sure where they’re going to find any kind of conflict to build the storyline around, as by definition there can’t be any conflict in the absence of a toxic male influence and systemic patriarchal violence, so the movie may just be three hours of heartwarming sympathy and tolerance, sharing and caring, mutual respect and egalitarian problem-solving. Where’s the drama going to come from?
Of course, not everyone agrees. Here’s Heather Wilhelm to ruin everyone’s egalitarian dream:
Women Are Never Evil, You Sick Chauvinist Pigs
“An all women remake of Lord of the Flies makes no sense because…the plot of the book wouldn’t happen with all women,” New York Times columnist Roxane Gay declared on Twitter, making me wonder if she’s ever been to a sixth-grade slumber party. (If you haven’t been to one, know this: They almost always degenerate into a pillow-strewn wasteland of popcorn, treachery, and copious weeping.)
Other writers joked that a female Lord of the Flies would obviously and inevitably morph into a peaceful island paradise — you know, like the very real place where Wonder Woman grew up. By my personal scientific assessment, there is a 99 percent probability that anyone who makes this point has never spent significant time in a sorority house, where there is often unlimited cereal, a frozen yogurt machine, and occasional tales of terror that would make your hair stand on end.
“Not every story makes sense to gender-flip,” wrote Yohana Desta at Vanity Fair. “Particularly if that story is William Golding’s classic Lord of the Flies, a vicious tale about a barbaric boy-made society. The concept alone,” she continues, “disregards the point of the book!”
Get it? “The point of the book” is that boys — just boys! — are inherently bad.
When in doubt, cry “Fascist!” or “Racist!”
Brendan O’Neill on Facebook recently:
The left’s greatest mistake so far this century has been to accept at face value the establishment’s explanation for why people gave it a bloody nose. Stunned by Brexit, dizzied by Hillary’s loss, the establishment has gone into serious moral and political meltdown. It can only understand the various populist revolts against it as mass acts of racism, maybe even fascism, as the handiwork of demagogues who “got at” the people and twisted our minds. I mean, why else would anyone reject such wonderful institutions as the EU and the Democratic elite…? And, for shame, most of the left has embraced this propaganda, this made-up horror story. They have nodded along to this perverse politics of fear born of a wounded establishment’s fury with the “deplorable” demos. All those Antifa and commentators out there screaming “OMG, fascists everywhere!” think they’re being radical when in truth they are the unwitting spindoctors of the old establishment, bit-part players in a top-down narrative of hysteria that has no relation to reality.
Grand Trunk Pacific Transcontinental Railway Construction – circa 1910 Documentary – WDTVLIVE42
Published on 26 Mar 2017
The Grand Trunk Pacific Railway was a historical Canadian transcontinental railway running from Winnipeg to the Pacific coast at Prince Rupert, British Columbia. East of Winnipeg the line continued as the National Transcontinental Railway, running across northern Ontario and Quebec, crossing the St. Lawrence River at Quebec City and ending at Moncton, New Brunswick. The entire line was managed and operated by Grand Trunk Railway. Construction of this transcontinental railway began in 1905 and was completed by 1913.
Scenes show earthworks and removal of spoil via railway carriages, steam locomotives hauling flatcars, sleepers being unloaded from trains and position on the new roadbed, unloading of rails, fastening of rails to sleepers, and the works train travelling over the newly completed trackwork.
WDTVLIVE42 – Transport, technology, and general interest movies from the past – newsreels, documentaries & publicity films from my archives.
#trains #locomotive #railways #wdtvlive42
