See my discussion,
http://bozonbloggon.blogspot.com/2012/08/i-keep-meaning-to-talk-about-so-called.html
but it will not make sense perhaps.
One needs to look at such things as ethnic political and economic advancement, think Catholic, Jewish, Protestant, etc.
There are many books on these different areas.
Stephen Birmingham apparently made it a cause celebre of his authorship.
I especially recommend, as a starter, Real Lace.
McDonnell & Company was not, unfortunately, a stellar example of a meritocracy or a technocracy or even The Bell Curve.
BOOMERBUSTER
OLD CELLO
Saturday, August 25, 2012
Friday, August 24, 2012
if David Brooks and Thomas Friedman are right about it having been a meritocracy here since WW II
see prior posts here, and their recent nyt articles,
high professional credentials, (' Rand ian ? ') superlative individuals, entrepreneurs, average is over for CEOs, technicians, specialists, symbolic analysts, gurus, etc.,
then how can Timothy Egan, nyt,
also be right?,
about the Republican Crackpot Caucus, apparently
making even medieval folks look bright by comparison?
Call it the bozo ization of NYT punditry.
I recommend a hard dose of The Credential Society.
Also The Global Class War, especially talk about The Party of Davos.
Many CEOS get hired to run companies in industries they know nothing about. Their executive skills are represented to be fungible across virtually any field or industry. There are literally countless examples over many decades now.
high professional credentials, (' Rand ian ? ') superlative individuals, entrepreneurs, average is over for CEOs, technicians, specialists, symbolic analysts, gurus, etc.,
then how can Timothy Egan, nyt,
also be right?,
about the Republican Crackpot Caucus, apparently
making even medieval folks look bright by comparison?
Call it the bozo ization of NYT punditry.
I recommend a hard dose of The Credential Society.
Also The Global Class War, especially talk about The Party of Davos.
Many CEOS get hired to run companies in industries they know nothing about. Their executive skills are represented to be fungible across virtually any field or industry. There are literally countless examples over many decades now.
RE GALT, GOLD AND GOD KRUGMAN RAND RYAN AND IT ALL
While I agree with Krugman here on Rand, one idea she had, along with many non Rand people, who have reflected on it, except economists, is that one needs stability and personal security in money.
You can't get stability or personal security in money by letting regimes compete with each other by manufacturing debt currencies.
The fact that paper money has long been merely backed, more and then less, and finally not at all, by convertibility into metal, is part of the sad history of US banking politics.
(Think also about Confederate paper money. There was a lot of it. What happened to it?)
If Krugman were right about connecting Ryan's monetary views causally with something like the Great Depression, 1929 to the late 30s;
then what is wrong causally with his discussion of the US having nevertheless been on mostly paper money since the early 19th Century?
The technical answer, as he of course is aware, is that it was not mainly a question of a gold standard at all, (much less of something like Hawley Smoot) but of a multitude of things, cascading down from WW I, and from the huge speculations which had preceded it, not least of which was early financial as well as commercial globalism, and imperialism, too.
Krugman can't have it both ways, even against a Rand intellectual idiot like Ryan.
The dark secret, were we in a world of national economies instead of a global one,
is that one could very well stimulate economic activity on a metal standard without printing debt currency to stimulate economic activity;
(begging the larger question of whether one should really want limitless economic (read "economists'") growth, in a finite and antagonistic world, in the first place, a question even Stephanie Flanders broached recently).
One enormous irony here re the US banking establishment, is that even on a paper debt currency basis, enormous bloated banks obviously cannot even be made, merely voluntarily, to loan fiat debt currency, even while now awash in it under mountains of quantitative easing paper money.
You can't get stability or personal security in money by letting regimes compete with each other by manufacturing debt currencies.
The fact that paper money has long been merely backed, more and then less, and finally not at all, by convertibility into metal, is part of the sad history of US banking politics.
(Think also about Confederate paper money. There was a lot of it. What happened to it?)
If Krugman were right about connecting Ryan's monetary views causally with something like the Great Depression, 1929 to the late 30s;
then what is wrong causally with his discussion of the US having nevertheless been on mostly paper money since the early 19th Century?
The technical answer, as he of course is aware, is that it was not mainly a question of a gold standard at all, (much less of something like Hawley Smoot) but of a multitude of things, cascading down from WW I, and from the huge speculations which had preceded it, not least of which was early financial as well as commercial globalism, and imperialism, too.
Krugman can't have it both ways, even against a Rand intellectual idiot like Ryan.
The dark secret, were we in a world of national economies instead of a global one,
is that one could very well stimulate economic activity on a metal standard without printing debt currency to stimulate economic activity;
(begging the larger question of whether one should really want limitless economic (read "economists'") growth, in a finite and antagonistic world, in the first place, a question even Stephanie Flanders broached recently).
One enormous irony here re the US banking establishment, is that even on a paper debt currency basis, enormous bloated banks obviously cannot even be made, merely voluntarily, to loan fiat debt currency, even while now awash in it under mountains of quantitative easing paper money.
Thursday, August 23, 2012
I KEEP MEANING TO TALK ABOUT SO CALLED TECHNOLOGY TECHNOCRACY AND MERITOCRACY ISSUES MORE IN DEPTH
Here is a nice summary of the technocracy, credential ist educational, specialization ist, advanced industrial capitalism, myth:
" Industrial society develops through the application of scientific advances to new forms of technology.... As a result, the school requirements of jobs change. Unskilled positions are greatly reduced, first with the decline of agriculture, then of heavy manual labor; skilled positions become proportionately more common with the rising demand for skilled technicians, clerical workers, and professional specialists. The requirements for administrative leadership positions are upgraded too, in the larger, more complex, and technically more innovative modern organizations. According to this explanation, elites must come to depend on skill rather than on family background or political connections. In general, modern societies move away from ascription to achievement, from a system of privilege to a technical meritocracy. " Randall Collins, "The Myth Of Technocracy", The Credential Society.
Most people, if you tell them something like this, they don't even understand what kind of thing you are saying, first of all.
Then next, they don't believe you...........
They have been taught a million different times and ways this is not what their particular field, or credential, or skill, or expertise, or multiples of them, are somewhat all about.
Everyone thinks not only that he is special, but that he is special for objective, technical, and professional, reasons.
Term search symbolic analysts, Reich, Steingart, etc.
" Industrial society develops through the application of scientific advances to new forms of technology.... As a result, the school requirements of jobs change. Unskilled positions are greatly reduced, first with the decline of agriculture, then of heavy manual labor; skilled positions become proportionately more common with the rising demand for skilled technicians, clerical workers, and professional specialists. The requirements for administrative leadership positions are upgraded too, in the larger, more complex, and technically more innovative modern organizations. According to this explanation, elites must come to depend on skill rather than on family background or political connections. In general, modern societies move away from ascription to achievement, from a system of privilege to a technical meritocracy. " Randall Collins, "The Myth Of Technocracy", The Credential Society.
Most people, if you tell them something like this, they don't even understand what kind of thing you are saying, first of all.
Then next, they don't believe you...........
They have been taught a million different times and ways this is not what their particular field, or credential, or skill, or expertise, or multiples of them, are somewhat all about.
Everyone thinks not only that he is special, but that he is special for objective, technical, and professional, reasons.
Term search symbolic analysts, Reich, Steingart, etc.
RE BROOKS AND FRIEDMAN AND A SO CALLED MERITOCRACY AT THE VERY TOP OR ANYWHERE ELSE HERE REALLY
RE this prior post:
http://bozonbloggon.blogspot.com/2012/08/re-another-cynical-misleading-article.html
David Brooks said something recently, similar to Friedman, about it only turned meritocratic here after WWII.
What utter nonsense.
Think, for example, of the ' meritocratic ' pinnacle at Salomon, chronicled by Michael Lewis in Liar's Poker, before it went belly up.
So many other examples spring to mind. See examples of multiple board of directorates, where individual directors get appointed to multiple boards in different industries, or for different species of holding company, simultaneously, CEOS, and government posts, as related, in The Global Class War.
Term search rail to rail, really erratic, etc.
See especially a prior post such as this:
http://bozonbloggon.blogspot.com/2010/12/re-inter-preeners-to-rescue-rail-to.html
http://bozonbloggon.blogspot.com/2012/08/re-another-cynical-misleading-article.html
David Brooks said something recently, similar to Friedman, about it only turned meritocratic here after WWII.
What utter nonsense.
Think, for example, of the ' meritocratic ' pinnacle at Salomon, chronicled by Michael Lewis in Liar's Poker, before it went belly up.
So many other examples spring to mind. See examples of multiple board of directorates, where individual directors get appointed to multiple boards in different industries, or for different species of holding company, simultaneously, CEOS, and government posts, as related, in The Global Class War.
Term search rail to rail, really erratic, etc.
See especially a prior post such as this:
http://bozonbloggon.blogspot.com/2010/12/re-inter-preeners-to-rescue-rail-to.html
Sunday, August 19, 2012
RE FAUX THE GLOBAL CLASS WAR LAST FEW CHAPTERS
These were predictably disappointing, for very different reasons.
Not just EU, and Ireland, Italy, Spain, etc etc.
He accepts NAFTA as a fait accompli,
and goes for a globalist leftist agenda, the refuge of delusional US socialist and liberal and Cobdenist thought, for the past 100 years really;
within this totally flawed NAFTA vessel, stultifera navis really.
Not just EU, and Ireland, Italy, Spain, etc etc.
He accepts NAFTA as a fait accompli,
and goes for a globalist leftist agenda, the refuge of delusional US socialist and liberal and Cobdenist thought, for the past 100 years really;
within this totally flawed NAFTA vessel, stultifera navis really.
RE ANTI-JAPAN PROTESTS ACROSS CHINA BBC
Been waiting a long time to see it develop.
Shape of things to come.
Mary Poppins not enough of a band aid.
Lack of ' leverage ', for decades-long, obvious, globalist, reasons.
Term search eg Mary Poppins, leverage, etc.
Shape of things to come.
Mary Poppins not enough of a band aid.
Lack of ' leverage ', for decades-long, obvious, globalist, reasons.
Term search eg Mary Poppins, leverage, etc.
Saturday, August 18, 2012
RE JAPANESE ACTIVISTS HEADING FOR ISLANDS
Send in Mary Poppins.
She will perhaps complain as she descends, parasol unfurled, about lack of leverage, perhaps on either side,
or with respect to third fourth or fifth sides (other friends and allies in the area)
Friday, August 17, 2012
RE CLINTON'S ECONOMICS REPORTS RE NO JOB LOSSES FROM NAFTA
Quite a comical passage early in the book, The Global Class War, about the 19 so called studies.
All economists jumped on board of course, the stultifera navis.
How not, with the bogey of Hawley Smoot waved, by Al Gore, at the Debate in 93 with Perot. Farcical.
Term search Hawley Smoot, Eckes, etc.
All economists jumped on board of course, the stultifera navis.
How not, with the bogey of Hawley Smoot waved, by Al Gore, at the Debate in 93 with Perot. Farcical.
Term search Hawley Smoot, Eckes, etc.
Saturday, August 11, 2012
RE DOWN WITH SHAREHOLDER VALUE NYT NOCERO
He makes old, obvious, points here.
A corporation, and its charter, a matter of state law and policy technically, really should be about a public purpose, in the sense of a national public purpose, still the only criterion really that should be standing.
The older concept of a corporate charter, as a tool of the Crown, and often involving grant of a monopoly or nearly so, was even then an instrument of state policy.
A corporation, and its charter, a matter of state law and policy technically, really should be about a public purpose, in the sense of a national public purpose, still the only criterion really that should be standing.
The older concept of a corporate charter, as a tool of the Crown, and often involving grant of a monopoly or nearly so, was even then an instrument of state policy.
Friday, August 10, 2012
HARD TO TELL ECONOMIC SANCTIONS FROM GLOBAL INVESTMENT BOOM
Think Iceland, Mexico, The US, Europe, China, Etc.
Big investment or no investment, it comes to the same thing pretty soon.
Big investment or no investment, it comes to the same thing pretty soon.
Wednesday, August 8, 2012
AS A MATTER OF FACT RE THOMAS FRIEDMAN
American higher education has helped foreigners much more in the last few decades than it ever helped American citizens prior to and during that time.
Many of these new global elites Friedman refers to, CEOs, most of them now foreign nationals, were trained in American elite higher educational centers, Harvard, Yale, Princeton, Georgetown, etc. My old alma mater, BU is a locus classicus of foreign grooming for the highest posts in public and private entities, mostly now posted elsewhere.
Some of his commenters inadvertently make my point, eg the man who works for an agile global corporation where execs compete from institutions of higher learning all over the world.....
The Credential Society explains in a thumbnail sketch, where these institutions originally came from, and explains to some extent, in my judgment, how this whole credential system got so out of hand, and also by implication, became, and remains, (perhaps Collins would say I read too much into his narrative) so counterproductive for Americans themselves.
Re Friedman's story about what CEOs now require above average in the global labor market, Collins shows quite clearly how it was never really a meritocracy toward the top anyway.
Re Friedman's 'neither in nor out' but 'good better best' criteria, as one can see good better best are discussed in the same breath with the critical term 'cost'.
One has only to watch Michael Lewis' 2012 baccalaureate address at Princeton, and read Liar's Poker, to see that something has always been terribly unmeritocratic about Wall Street Society;
much less the chains of directorates and musical chair positions among CEOs which Faux chronicles in The Global Class War ,
which, as I have commented recently, occur across industries,
regardless of so called meritocratic or technocratic principles.
Many of these new global elites Friedman refers to, CEOs, most of them now foreign nationals, were trained in American elite higher educational centers, Harvard, Yale, Princeton, Georgetown, etc. My old alma mater, BU is a locus classicus of foreign grooming for the highest posts in public and private entities, mostly now posted elsewhere.
Some of his commenters inadvertently make my point, eg the man who works for an agile global corporation where execs compete from institutions of higher learning all over the world.....
The Credential Society explains in a thumbnail sketch, where these institutions originally came from, and explains to some extent, in my judgment, how this whole credential system got so out of hand, and also by implication, became, and remains, (perhaps Collins would say I read too much into his narrative) so counterproductive for Americans themselves.
Re Friedman's story about what CEOs now require above average in the global labor market, Collins shows quite clearly how it was never really a meritocracy toward the top anyway.
Re Friedman's 'neither in nor out' but 'good better best' criteria, as one can see good better best are discussed in the same breath with the critical term 'cost'.
One has only to watch Michael Lewis' 2012 baccalaureate address at Princeton, and read Liar's Poker, to see that something has always been terribly unmeritocratic about Wall Street Society;
much less the chains of directorates and musical chair positions among CEOs which Faux chronicles in The Global Class War ,
which, as I have commented recently, occur across industries,
regardless of so called meritocratic or technocratic principles.
RE ANOTHER CYNICAL MISLEADING ARTICLE FROM MR GLOBALIZATION AVERAGE IS OVER PART II
Cannot spare time to pick apart this diatribe anymore.
One has to wonder whether he only gets his salary for this,
or other perks from the Global Ruling Class?
Has to be the latter.
Re average is over, the ground under both education and credential inflation, and plug and play technocrats and symbolic analysts, has been removed, and these phenomena have been chronicled in books like The Credential Society and The Global Class War.
To think that at the CEO level Friedman looks up toward, it is really a meritocracy is also delusional. See eg The Credential Society...
I can vouch for The Global Class War's conclusions re meritocracies here.
One has to wonder whether he only gets his salary for this,
or other perks from the Global Ruling Class?
Has to be the latter.
Re average is over, the ground under both education and credential inflation, and plug and play technocrats and symbolic analysts, has been removed, and these phenomena have been chronicled in books like The Credential Society and The Global Class War.
To think that at the CEO level Friedman looks up toward, it is really a meritocracy is also delusional. See eg The Credential Society...
I can vouch for The Global Class War's conclusions re meritocracies here.
RE WHO DO YOU THINK THEY WILL BAIL OUT NAFTA SET A STANDARD
A reference to the Mexico bail out of Mexican bondholders and banks, following the bubble following NAFTA. A bipartisan thing.
See The Global Class War, Ch.6
Term search Thurston
See The Global Class War, Ch.6
Term search Thurston
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