Books – Page 124 – artdiamondblog.com

Upper Class “Have Lost the Confidence to Preach What They Practice”

Source of book image:
http://4.bp.blogspot.com/-K9jKNHD0vwE/Tzn4yKgEtII/AAAAAAAAC8Q/2wZqk1Hl1V4/s1600/murray-coming-apart.jpg

(p. 9) The problem, Murray argues, is not that members of the new upper class eat French cheese or vote for Barack Obama. It is that they have lost the confidence to preach what they practice, adopting instead a creed of “ecumenical niceness.” They work, marry and raise children, but they refuse to insist that the rest of the country do so, too. “The belief that being a good American involved behaving in certain kinds of ways, and that the nation itself relied upon a certain kind of people in order to succeed, had begun to fade and has not revived,” Murray writes.

For the full review, see:
NICHOLAS CONFESSORE. “Tramps Like Them; Charles Murray Argues that the White Working Class Is No Longer a Virtuous Silent Majority.” The New York Times Book Review (Sun., February 12, 2012): 9.
(Note: the online version of the review has the date February 10, 2012 and has the title “Tramps Like Them; Charles Murray Examines the White Working Class in ‘Coming Apart’.”)

“Innovation and Invention Don’t Grow Out of the Government’s Orders”

“”You can have democracy no matter what level of development. Just look at the Arab Spring.”- Zhou Youguang” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. A5) BEIJING. EVEN at 106 years old, Zhou Youguang is the kind of creative thinker that Chinese leaders regularly command the government to cultivate in their bid to raise their nation from the world’s factory floor.
So it is curious that he embodies a contradiction at the heart of their premise: the notion that free thinkers are to be venerated unless and until they challenge the legitimacy of the ruling Communist Party.
Mr. Zhou is the inventor of Pinyin, the Romanized spelling system that linked China’s ancient written language to the modern age and helped China all but stamp out illiteracy. He was one of the leaders of the Chinese translation of the Encyclopaedia Britannica in the 1980s. He has written about 40 books, the most recent published last year.
. . .
His blog entries range from the modernization of Confucianism to Silk Road history and China’s new middle class. Computer screens hurt his eyes, but he devours foreign newspapers and magazines. A well-known Chinese artist nicknamed him “Trendy Old Guy.”
. . .
THE decade-long Cultural Revolution that began in 1966 wiped out Mr. Zhou’s lingering belief in communism. He was publicly humiliated and sent to toil for two years in the wilderness.
. . .
About Mao, he said in an interview: “I deny he did any good.” About the 1989 Tiananmen Square massacre: “I am sure one day justice will be done.” About popular support for the Communist Party: “The people have no freedom to express themselves, so we cannot know.”
As for fostering creativity in the Communist system, Mr. Zhou had this to say, in a 2010 book of essays: “Inventions are flowers that grow out of the soil of freedom. Innovation and invention don’t grow out of the government’s orders.”
No sooner had the first batch of copies been printed than the book was banned in China.

For the full story, see:
SHARON LaFRANIERE. “THE SATURDAY PROFILE; A Chinese Voice of Dissent That Took Its Time.” The New York Times (Sat., March 3, 2012): A5.
(Note: ellipses added.)
(Note: the online version of the article has the date March 2, 2012.)

“Crises Are an Inevitable Concomitant of Risk”

(p. 11) Some economic risks are worth taking, and crises are an inevitable concomitant of risk. Crises, like firm failures, can be seen as a manifestation of the Schumpeterian process of creative destruction. The role for economic analysis is to ensure that the creation dominates and that the destruction is not too costly.

Source:
Eichengreen, Barry. Capital Flows and Crises. Cambridge, MA: The MIT Press, 2003.

“Amazed by the Short-Term Psychology in the Market”

(p. A1) Even after European leaders appeared to have averted a chaotic default by Greece with an eleventh-hour deal for aid, worries persist that a debt disaster on the Continent has merely been delayed.

The tortured process that culminated in that latest bailout has exposed the severe limitations of Europe’s approach to the crisis. Many fear that policy makers simply don’t have the right tools to deal with other troubled countries like Italy, Spain, Ireland and Portugal, a situation that could weigh on the markets and the broader economy.
“I don’t want to be a Cassandra, but the idea that it’s over is an illusion,” said Kenneth S. Rogoff, a professor of economics at Harvard and co-author of “This Time Is Different: Eight Centuries of Financial Folly.” “I am amazed by the short-term psychology in the market.”
. . .
(p. B3) “I don’t think we’re anywhere near the endgame,” Professor Rogoff of Harvard said.

For the full commentary, see:
PETER EAVIS. ” NEWS ANALYSIS; For Greece, a Bailout; for Europe, Perhaps Just an Illusion.” The New York Times (Weds., February 22, 2012): A1 & B3 (sic).
(Note: ellipsis added.)
(Note: the online version of the commentary is dated February 21, 2012.)

Rogoff and Reinhart’s thought-provoking and much-praised book is:
Reinhart, Carmen M., and Kenneth Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press, 2009.

Freedom Grew from the Greek Agora

Source of book image: http://images.borders.com.au/images/bau/97801997/9780199747405/0/0/plain/a-culture-of-freedom-ancient-greece-and-the-origins-of-europe.jpg

(p. C9) A city’s central space reveals much about the society that built it. In the middle of the typical Greek city-state, or polis, stood neither a palace nor a temple–the dominant centering structures of Asian and Egyptian cities–but an open public square, an agora, useful for gatherings and the conduct of business. When Cyrus the Great, founder of the Achaemenid Persian Empire, first encountered Greeks on his western boundaries, he sneered at the race of shopkeepers who hung about the agora cheating one another all day. Yet that same race would later defeat his descendants, Darius and Xerxes, in two of the most consequential battles the Western world has seen, at Marathon in 490 B.C. and at Salamis 10 years later.
. . .
Mr. Meier’s approach runs counter to a tendency in recent classical scholarship to trace Greek ideas to non-Greek sources or to seek common ground on which East and West once met. The polis itself has been claimed in the past few decades as a Near Eastern, or Phoenician, invention; Carthage too, it seems, had an agora at its hub. But Mr. Meier takes pains to dismiss this claim. Relying on expertise amassed in his long academic career, he reasserts the uniqueness of Greek political evolution, the mysterious and somewhat miraculous process that culminates, at the end of this account, in the emergence of Athenian democracy.
. . .
After surveying the crucial reforms of the Athenian leader Cleisthenes, the foundation stones of the world’s first democratic constitution, Mr. Meier asks: “Was it just a matter of time before the Attic citizenry was reorganized–so that Cleisthenes did something that would have happened sooner or later anyway? Or were Cleisthenes’ achievements beyond the scope of men less able and daring?”

For the full review, see:
JAMES ROMM. “The Greeks’ Daring Experiment.” The Wall Street Journal (Sat., FEBRUARY 11, 2012): C9.
(Note: ellipses added.)

The book under review is:
Meier, Christian. A Culture of Freedom: Ancient Greece and the Origins of Europe. Oxford, UK: Oxford University Press, 2011.

Successful Innovation Depends More on Will than on Intellect

(p. 9) The odysseys of [Lasseter, Catmull, Smith and Jobs], and of Pixar as a whole, bring to mind the observation of the maverick economist Joseph Schumpeter that successful innovation “is a feat not of intellect, but of will.” Writing about the psychology of entrepreneurs in the early twentieth century, a rime when the subject was unfashionable, he believed few individuals are prepared for “the resistances and uncertainties incident to doing what has not been done before.” Those who braved the risks of failure did so out of noneconomic as well as economic motives, among them “the joy of creating, of getting things done, or simply of exercising one’s energy and ingenuity.” In Pixar’s case, at least, the resistances and uncertainties were abundant–as was the will.

Source:
Price, David A. The Pixar Touch: The Making of a Company. New York: Alfred A. Knopf, 2008.
(Note: my strong impression is that the pagination is the same for the 2008 hardback and the 2009 paperback editions, except for part of the epilogue, which is revised and expanded in the paperback. I believe the passage above has the same page number in both editions.)

Carnegie and Twain Opposed Roosevelt’s Imperialism

Source of book image: http://www.chinarhyming.com/wp-content/uploads/2012/01/51Hr-aIgESL._SL500_AA300_.jpg

Marxists and others on the left often claim that big business is the main force behind U.S. imperialism. Is it not ironic that the most imperialistic U.S. President was the anti-big-business “progressive” Teddy Roosevelt who was vehemently opposed by big businessman Andrew Carnegie?
Mark Twain is sometimes accused of insufficient sympathy with the downtrodden. Those who so accuse, misunderstand his message. He too opposed Roosevelt’s war on the Filipinos.
(Carnegie and Twain’s friendship is discussed in David Nasaw’s biography of Carnegie.)

(p. 13) There was within the United States a strong and vocal anti-imperialist movement, which included former President Grover Cleveland, Andrew Carnegie and Mark Twain, but it struggled to tamp down the country’s growing expansionist zeal, and to compete with the energy, tenacity and bulldog ambition of one man in particular: Theodore Roosevelt. Roosevelt, who in just six years rose meteorically from New York City police commissioner to president, nurtured a deep and unshakable contempt for what he called the “unintelligent, cowardly chatter for ‘peace at any price.’ ” Not only had the “clamor of the peace faction” left him unmoved, Roosevelt wrote, it had served to strengthen his conviction that “this country needs a war.”
. . .
Although Roosevelt moves in and out of Jones’s narrative, disappearing for long stretches, he still manages to steal the spotlight, just as he does in every book in which he appears. When McKinley dragged his feet before sending troops to Cuba, Roosevelt sneered that the president had “no more backbone than a chocolate éclair.” In the Department of the Navy, Roosevelt gleefully took over while his boss was on summer vacation, anointing himself the “hot weather secretary” and crowing to a friend that he was having “immense fun running the Navy.” In Cuba, after choosing his regiment of Rough Riders from 23,000 applicants, he ordered his famous charge up Kettle Hill wearing a custom-made fawn-colored Brooks Brothers uniform with canary-yellow trim.

For the full review, see:
CANDICE MILLARD. “Looking for a Fight; At the Turn of the 20th Century, Theodore Roosevelt Set Out to Transform the United States into a Major World Power.” The New York Times Book Review (Sun., February 19, 2012): 13.
(Note: ellipsis added.)
(Note: the online version of the article is dated February 17, 2012 and has the title “Looking for a Fight; A New History of the Philippine-American War.”)

The book under review is:
Jones, Gregg. Honor in the Dust: Theodore Roosevelt, War in the Philippines, and the Rise and Fall of America’s Imperial Dream. New York: New American Library, 2012.

The Nasaw book on Carnegie mentioned in my initial comments is:
Nasaw, David. Andrew Carnegie. New York: Penguin Press, 2006.
(Note: the pagination of the hardback and paperback editions of Nasaw’s book are the same.)

How Pixar Vision Was Made Real

(p. 8) . . . Pixar’s story was anything but preordained. It is a triple helix of artistic, technological, and business struggles, and it is a study in the tremendously uncertain and contingent nature of artistic, technological, and business success. It illustrates how professional prestige and social status flow into each other, and how a small organization can magnify its power by deploying them as an economic force. It shows how small things, done well, can lead to big things. It is the story of a small group of individuals who started with a shared ambition to create a new way of telling stories–within a virtual world of mathematical constructions–and who traveled a long and circuitous road until their vision became a reality.

Manifesto for a Rising Standard of Living

Source of book image: online version of the WSJ review quoted and cited below.

(p. A13) Mr. Diamandis is the chairman and chief executive of the X Prize Foundation and the founder of more than a dozen high-tech companies. With his journalist co-author, he has produced a manifesto for the future that is grounded in practical solutions addressing the world’s most pressing concerns: overpopulation, food, water, energy, education, health care and freedom. The authors suggest that “humanity is now entering a period of radical transformation where technology has the potential to significantly raise the basic standard of living for every man, woman, and child on the planet.”
. . .
Predictions of a rosy future have a way of sounding as unrealistic as end-is-nigh forecasts. But Messrs. Diamandis and Kotler are not just dreamers. They lay out a plausible road map, discussing, among other things, the benefits of do-it-yourself tinkering–like the work by geneticist J. Craig Venter in beating the U.S. government in the race to sequence the human genome–and the growing willingness of techno-philanthropists like Bill Gates to tackle real-world problems.
The biggest hurdles, however, are not scientific or technological but political. There are still too many corrupt dictators and backward-looking governments keeping millions in penury. But as we have seen lately, the misruled have a way of throwing off despotic governments. With ever more people reaching for freedom, countless millions are tacitly embracing the Diamandis motto: “The best way to predict the future is to create it yourself.”

For the full review, see:
MICHAEL SHERMER. “BOOKSHELF; Defying the Doomsayers; Abundance” argues that growing technologies have the potential not only to spread information but to solve some of humanity’s most vexing problems.” The Wall Street Journal (Thurs., FEBRUARY 22, 2012): A13.
(Note: ellipsis added.)

The book being reviewed is:
Diamandis, Peter H., and Steven Kotler. Abundance: The Future Is Better Than You Think. New York: Free Press, 2012.

“The Patience of Jobs”

(p. 7) Steve Jobs was missing from the scene of the meeting, though he would soon be Disney’s largest individual shareholder (the acquisition was a stock-for-stock trade) and the newest member of Disney’s board. Lasseter was right about his money; Jobs had driven a hard bargain in buying Lucas’s Computer Division for five million dollars (not ten million, as is sometimes reported), but as it turned out, he put ten times that amount into the company over the course of a decade to keep it afloat. Few other investors would have had the patience of Jobs.

Nasar Gives Compelling Portrait of Joseph Schumpeter and His Vienna

Source of book image: http://luxuryreading.com/wp-content/uploads/2011/10/grand-pursuit.jpg

(p. C31) Ms. Nasar gives us Belle Époque Vienna — infatuated with modernity and challenging London in the race to electrify with new telephone service, state-of-the-art factories and power-driven trams — and then a devastating picture of Vienna at the end of World War I: war veterans loitering outside restaurants waiting for scraps, and desperate members of a middle class that saw inflation wipe out all its savings trading a piano for a sack of flour, a gold watch chain for a few sacks of potatoes.
. . .
Among the more compelling portraits in this volume is that of Joseph Alois Schumpeter, the brilliant European economist who argued that the distinctive feature of capitalism was “incessant innovation” — a “perennial gale of creative destruction” — and who identified the entrepreneur as the visionary who could “revolutionize the pattern of production by exploiting an invention” or “an untried technological possibility.”

For the full review, see:
MICHIKO KAKUTANI. “BOOKS OF THE TIMES; The Economist’s Progress: Better Living Through Fiscal Chemistry.” The New York Times (Fri., December 2, 2011): C31.
(Note: ellipsis added.)
(Note: the online version of the article is dated December 1, 2011.)