Showing posts with label morality. Show all posts
Showing posts with label morality. Show all posts

Monday, March 27, 2023

I resist what I cannot change
Own it in your own way
I wanna find what can't be found

Pain, The War on Drugs

Wednesday, December 14, 2022

Keynes on Money

The main tenet of liberal socialism is that the state should cut the cord between money and time by taking over as much as three quarters of a country’s capital, bringing the frantic activities of saving and investment that plague capitalist societies under public ownership and control. In tandem with low interest rates and prohibitions on individuals’ and firms’ taking their money out of the country, the state’s management of savings and investment would achieve four goals. First, it would create full employment, which Keynes believed a capitalist economy could not bring about. Second, by funding investments in housing, transportation, and energy, the state would meet social needs that had long been neglected because greater profits were to be had elsewhere. Third, the state would end the scarcity of capital. Keynes thought that the possessor of capital was a social parasite, a “functionless investor” who was able to make money simply because only he had it to lend, much like a feudal landlord in possession of land. The capitalist also had “cumulative oppressive power,” issuing verdicts of life and death to workers and dictating policy to states. Because scarcity was the source of the capitalist’s parasitic power, ending that scarcity would lead to the “euthanasia of the rentier.”

Last, the worthiness of the state’s investments would not be measured by their rate of return but by their contribution to social well-being. Though Keynes imagined a variety of public goods that the state would bring about through its investments, the most important of those goods, for him, was the Smithian virtue of social intercourse:

Why should we not set aside, let us say, £50 millions a year for the next twenty years to add in every substantial city of the realm the dignity of an ancient university or a European capital to our local schools and their surroundings, to our local government and its offices, and above all perhaps, to provide a local centre of refreshment and entertainment with an ample theatre, a concert hall, a dance hall, a gallery, a British restaurant, canteens, cafés and so forth.

Keynes has long been accused of waging a war of economism against politics, elevating the economist above the statesman and thinking that the moral and political disagreements of a democratic society could be sidestepped or overcome by economic technicians and technocratic solutions.

... Keynes conceded that planning of the sort he was proposing “should take place in a community in which as many people as possible, both leaders and followers, wholly share [the planner’s] own moral position.” Yet he knew that his moral vision of an economy of cultural greatness and aesthetic excellence was not widely shared. ... Perhaps that’s why he found himself ... retreating to a position long familiar to philosopher-kings, calling for planners whose power could be safely exercised because they were “rightly orientated in their own minds and hearts to the moral issue” and because citizens had been reeducated according to the principles of “right moral thinking.”

... Keynes set out a second path for the future, one that he hoped would diminish the importance not just of money but of economic concerns altogether, without making any assumptions about what people believed or wanted from life. It was a vision of abundance and plenty, a world beyond scarcity, which made the hard power and hard choices of liberal socialism, as well as the requirement of democratic agreement about ultimate ends, unnecessary.

Corey Robin, The Trouble with Money (The New York Review, December 22, 2022)

Monday, June 13, 2022

To know good by knowing good is the privilege of the unfallen.

Catherine Nicholson, on Milton in the NYR 

 

Friday, August 28, 2020

We are what we do, not what we think.  Only the interactions count.

Iain Banks, The Player of Games


Monday, January 27, 2020

Friday, June 21, 2019

The "good"... does not stand for anything that is empirically given.  It always grows out of an impasse, at a moment of indecision; thus it is always the product of a question: what is the good.


Bruno Snell on Socrates


Tuesday, October 23, 2018

The cumulative increase of knowledge in science has no parallel in ethics or politics. 

John Grey, as quoted by Casey Cep in "Why Are Americans Still Uncomfortable with Atheism" in the New Yorker.

 


Saturday, March 14, 2015

[R]elying on the Internet for facts and figures is making us mindless sloths.... a study in Science ...  demonstrates that the wealth of information readily available on the Internet disinclines users from remembering what they’ve found out.


Sue Halpern, "How Robots & Algorithms Are Taking Over," New York Review (April 2, 2015)

Monday, January 19, 2015

The totality of animals, the crushing majority of men, live without ever finding the least need for justification.


Michel Houellebecq, from his novel Submission as quoted by Adam Gopnik in the New Yorker.

Thursday, September 25, 2014

The entitlement to believe what on careful reflection seems to be the case, where there is no reason to doubt it, is the necessary condition for being able to form any justified beliefs at all. ... The only way to pursue the truth is to consider what seems true, after careful reflection of a kind appropriate to the subject matter, in light of all the relevant data, principles, and circumstances.


Thomas Nagel, Listening to Reason (New York Review, October 9, 2014)

Monday, February 03, 2014

Whenever there is a withering of the law
and an uprising of lawlessness on all sides,
then I manifest Myself.

For the salvation of the righteous
and the destruction of such as do evil,
for the firm establishing of the Law,
I come to birth, age after age.


 Bhagavad Gita, Book IV, Sutra 5, 7, 8

Wednesday, January 15, 2014

Ullrich told me about a small boy who was dying of neuroblastoma. “His mother made it very clear to him that she would see him again in Heaven someday. ... But he was worried about how he would find her. So they made a plan to meet in the front left corner of Heaven."

Jerome Groopman in The New Yorker, "Lives Less Ordinary" (January 20, 2014)

Tuesday, June 29, 2010

A good man knows when to sacrifice himself.... A bad man survives but loses his soul.

John LeCarre, The Mission Song