History – Page 22 – artdiamondblog.com

Wealth from Innovation Is Nobler than Wealth from Litigation

Source of book image: http://ww4.hdnux.com/photos/15/60/06/3604871/3/628×471.jpg

(p. C7) In business, Green routinely sued her competitors. . . .
. . .
It was precisely Green’s vision of life as a zero-sum game, a match between enemies, that proved her flaw. She appreciated the idea that dollars compound, but she never seemed to grasp that the compounding of ideas, innovation, is just as important, that in certain, non-litigious, environments ideas “fructify,” to use a period verb. Litigation like Green’s prevented the kind of innovation in which she might have wanted to invest. Wealth is created when Apple beats Samsung, but more wealth is created when Apple comes up with a new phone.

For the full review, see:
AMITY SHLAES. “Quarrelsome Queen of the Gilded Age.” The Wall Street Journal (Sat., September 29, 2012): C7.
(Note: ellipses added.)
(Note: the online version of the review has the date September 28, 2012.)

The book under review, is:
Wallach, Janet. The Richest Woman in America: Hetty Green in the Gilded Age. New York: Nan A. Talese, 2012.

“Lowest-Paid Burger Flipper” Is “Better Off than King Henry”

(p. 76) After going from room to room, skipping none except the garage (that would be a project in itself), we arrived at a total of 6,000 varieties of things in our house. Since we have multiple examples of some varieties, such as books, CDs, paper plates, spoons, socks, on so on, I estimate the total number of objects in our home, including the garage, to be close to 10,000.
Without trying very hard, our typical modern house holds a king’s ransom. But in fact, we are wealthier than King Henry. In fact, the lowest-paid burger flipper working at McDonald’s is in many respects (p. 77) better off than King Henry or any of the richest people living not too long ago. Although the burger flipper barely makes enough to pay the rent, he or she can afford many things that King Henry could not. King Henry’s wealth–the entire treasure of England–could not have purchased an indoor flush toilet or air-conditioning or secured a comfortable ride for 500 kilometers. Any taxicab driver can afford these today. Only 100 years ago, John Rockefeller’s vast fortune as the world’s richest man could not have gotten him the cell phone that any untouchable street sweeper in Bombay now uses. In the first half of the 19th century Nathan Rothschild was the richest man in the world. His millions were not enough to buy an antibiotic. Rothschild died of an infected abscess that could have been cured with a three-dollar tube of neomycin today. Although King Henry had some fine clothes and a lot of servants, you could not pay people today to live as he did, without plumbing, in dark, drafty rooms, isolated from the world by impassable roads and few communication connections. A poor university student living in a dingy dorm room in Jakarta lives better in most ways than King Henry.

Source:
Kelly, Kevin. What Technology Wants. New York: Viking Adult, 2010.

21st Century Person Would Be Sick in Dickens’ 1850 London

“Anderson found Dickens World to be “surprisingly grisly” for a park that markets itself to children; he noted several severed heads and a gruesome performance of “Oliver Twist” in the courtyard. Here, a mannequin of Nancy from “Oliver Twist.”” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. 48) . . . even if it were possible to create a lavish simulacrum of 1850s London — with its typhus and cholera and clouds of toxic corpse gas, its sewage pouring into the Thames, its (p. 49) average life span of 27 years — why would anyone want to visit? (“If a late-20th-century person were suddenly to find himself in a tavern or house of the period,” Peter Ackroyd, a Dickens biographer, has written, “he would be literally sick — sick with the smells, sick with the food, sick with the atmosphere around him.”)

For the full story, see:
SAM ANDERSON. “VOYAGES; The Pippiest Place on Earth.” The New York Times Magazine (Sun., February 7, 2012): 48-53.
(Note: ellipsis added.)
(Note: the online version of the story has the date February 7, 2012 (sic), and has the title “VOYAGES; The World of Charles Dickens, Complete With Pizza Hut.”)

New Technology Gets Better, Cheaper and More Diverse

(p. 75) Devices not only get better, they also get cheaper while they get better. We turn around to peer through our window into the past and realize there wasn’t window glass back then. The past also lacked machine-woven cloth, refrigerators, steel, photographs, and the entire warehouse of goods spilling into the aisles of our local superstore. We can trace this cornucopia back along a diminishing curve to the Neolithic era. Craft from ancient times can surprise us in its sophistication, but in sheer quantity, variety, and complexity, it pales against modern inventions. The proof of this is clear: We buy the new over the old. Given the choice between an old-fashioned tool and a new one, most people–in the past as well as now–would grab the newer one. A very few will collect old tools, but as big as eBay is, and flea markets anywhere in the world, they are dwarfed by the market of the new. But if the new is not really better, and we keep reaching for it, then we are consistently duped or consistently dumb. The more likely reason we seek the new is that new things do get better. And of course there are more new things to choose from.

Source:
Kelly, Kevin. What Technology Wants. New York: Viking Adult, 2010.

The Process of Picking a Pope

Source of book image: http://yalepress.yale.edu/yupbooks/images/full13/9780300115970.jpg

(p. C3) The popes appointed by the German Holy Roman Emperor Henry III in the early 11th century were . . . unconventional but . . . edifying. Determined to purge the corruptions of Rome, Henry personally appointed four outstanding popes, reformers to a man, all of them Germans. The greatest of them, St. Leo IX (1049-1054), arrived in Rome as a barefoot pilgrim and was the first pope to travel widely through Europe, stirring local bishops to tackle corruption and undertake renewal.

Henry III’s German popes ended the tradition that the Bishop of Rome had to be a local man, and medieval conclaves chose popes from the small but international College of Cardinals. Exceptions to this rule were seldom a success.
The most notorious case was St. Celestine V (1294), an 85-year-old hermit and visionary from Naples chosen in the hope that an “angelic Pope” would free the papacy from its financial and political entanglements. But the old man was hopelessly incompetent and easily swayed by forceful politicians. After only six months, he was badgered into resigning by Cardinal Benedetto Caetani, who succeeded him as Boniface VIII and promptly imprisoned him.
The experiment of electing a non-cardinal was tried again in 1378. After a run of seven French popes based in Avignon, the Roman mob demanded an Italian. Sixteen terrified cardinals obliged by electing Urban VI. A distinguished administrator as Archbishop of Bari, Urban VI was unhinged by his elevation. Aggressively paranoid, he alienated all supporters and appears to have murdered five of his cardinals. The French cardinals elected a rival pope, who returned to Avignon, starting a schism that would last a generation.

For the full commentary, see:
EAMON DUFFY. “When Picking A Pope Was A Perilous Affair.” The Wall Street Journal (Sat., February 16, 2013): C3.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date February 15, 2013.)

Duffy’s related book, is:
Duffy, Eamon. Saints and Sinners: A History of the Popes. Third ed., Yale Nota Bene. New Haven, CT: Yale University Press, 2006.

Steam-Powered Cars Show that Old Technologies Rarely Totally Disappear

(p. 53) In my own travels around the world I was struck by how resilient ancient technologies were, how they were often first choices where power and modern resources were scarce. It seemed to me as if no technologies ever disappeared. I was challenged on this conclusion by a highly regarded historian of technology who told me without thinking, “Look, they don’t make steam-powered automobiles anymore.” Well, within a few clicks on Google I very quickly located folks who are making brand-new parts for Stanley steam-powered cars. Nice shiny copper valves, pistons, whatever you need. With enough money you could put together an entirely new steam-powered car. And of course, thousand of hobbyists are still bolting together steam-powered vehicles, and hundreds more are keeping old ones running. Steam power is very much an intact, though uncommon, species of technology.

Source:
Kelly, Kevin. What Technology Wants. New York: Viking Adult, 2010.
(Note: italics in original.)

Reinhart Rogoff Result Robust: High Debt Lowers Growth Rate from 3.5 to 2.3 Percent

(p. A29) CAMBRIDGE, Mass. In May 2010, we published an academic paper, “Growth in a Time of Debt.” Its main finding, drawing on data from 44 countries over 200 years, was that in both rich and developing countries, high levels of government debt — specifically, gross public debt equaling 90 percent or more of the nation’s annual economic output — was associated with notably lower rates of growth.
. . .
Last week, three economists at the University of Massachusetts, Amherst, released a paper criticizing our findings. They correctly identified a spreadsheet coding error that led us to miscalculate the growth rates of highly indebted countries since World War II. But they also accused us of “serious errors” stemming from “selective exclusion” of relevant data and “unconventional weighting” of statistics — charges that we vehemently dispute.
. . .
Our 2010 paper found that, over the long term, growth is about 1 percentage point lower when debt is 90 percent or more of gross domestic product. The University of Massachusetts researchers do not overturn this fundamental finding, which several researchers have elaborated upon.
. . .
There were just 26 cases where the ratio of debt to G.D.P. exceeded 90 percent for five years or more; the average high-debt spell was 23 years. In 23 of the 26 cases, average growth was slower during the high-debt period than in periods of lower debt levels. Indeed, economies grew at an average annual rate of roughly 3.5 percent, when the ratio was under 90 percent, but at only a 2.3 percent rate, on average, at higher relative debt levels.
. . .
The fact that high-debt episodes last so long suggests that they are not, as some liberal economists contend, simply a matter of downturns in the business cycle.
In “This Time Is Different,” our 2009 history of financial crises over eight centuries, we found that when sovereign debt reached unsustainable levels, so did the cost of borrowing, if it was even possible at all. The current situation confronting Italy and Greece, whose debts date from the early 1990s, long before the 2007-8 global financial crisis, support this view.

For the full commentary, see:
CARMEN M. REINHART and KENNETH S. ROGOFF. “Debt, Growth and the Austerity Debate.” The New York Times (Fri., April 26, 2013): A29.
(Note: ellipses added.)
(Note: the online version of the commentary has the date April 25, 2013.)

The full reference to the authors’ book is:
Reinhart, Carmen M., and Kenneth Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press, 2009.

Hunter-Gatherers Complained of Hunger and Food Monotony

(p. 30) Based on numerous historical encounters with aboriginal tribes, we know [hunter-gatherers] often, if not regularly, complained about being hungry. Famed anthropologist Colin Turnbull noted that although the Mbuti frequently sang to the goodness of the forest, they often complained of hunger. Often the com-(p. 31)plaints of hunter-gathers were about the monotony of a carbohydrate staple, such as mongongo nuts, for every meal; when they spoke of shortages, or even hunger, they meant a shortage of meat, and a hunger for fat, and a distaste for periods of hunger. Their small amount of technology gave them sufficiency for most of the time, but not abundance.

Source:
Kelly, Kevin. What Technology Wants. New York: Viking Adult, 2010.
(Note: “hunter-gathers” substituted for “they” by AMD.)

Hunter-Gatherers Lived “in the Ultimate Disposable Culture”

(p. 30) In a very curious way, foragers live in the ultimate disposable culture. The best tools, artifacts, and technology are all disposable. Even elaborate handcrafted shelters are considered temporary. When a clan or family travels, they might erect a home (a bamboo hut or snow igloo, for example) for only a night and then abandon it the next morning. Larger multifamily lodges might be abandoned after a few years rather than maintained. The same goes for food patches, which are abandoned after harvesting.

Source:
Kelly, Kevin. What Technology Wants. New York: Viking Adult, 2010.

In Later Middle Ages Machines Replaced Slaves and Coolies

(p. 7) By the European Middle Ages, craftiness manifested itself most significantly in a new use of energy. An efficient horse collar had disseminated throughout society, drastically increasing farm acreage, while water mills and windmills were improved, increasing the flow of lumber and flour and improving drainage. And all this plentitude came without slavery. As Lynn White, historian of technology, wrote, “The chief glory (p. 8) of the later Middle Ages was not its cathedrals or its epics or its scholasticism: it was the building for the first time in history of a complex civilization which rested not on the backs of sweating slaves or coolies but primarily on non-human power.” Machines were becoming our coolies.

Source:
Kelly, Kevin. What Technology Wants. New York: Viking Adult, 2010.

“Before British Settlement” American Indians Lived Lives of “Violence, Terror and Stoic Suffering”

Source of book image: http://2.bp.blogspot.com/-Mfln_Fc2NF4/ULE7koH_h7I/AAAAAAAAD1Y/4AOrpodtoac/s1600/9780394515700.jpg

(p. C8) Mr. Bailyn opens with an account of the Indians of eastern North America in the years before English settlement. He reviews their economy, technology, religion and much else, drawing examples from the Powhatan, the Pequot and other tribes. He emphasizes the violence, terror and stoic suffering in their lives rather more than the contemporary specialists in the subject would, but brutality–on just about everyone’s part–is a major theme throughout this book.

For the full review, see:
J.R. MCNEILL. “BOOKSHELF; Before Plymouth Rock, and After.” The Wall Street Journal (Sat., November 17, 2012): C8.
(Note: the online version of the review has the date November 16, 2012.)

Book under review:
Bailyn, Bernard. The Barbarous Years: The Peopling of British North America: The Conflict of Civilizations, 1600-1675. New York: Alfred A. Knopf, 2012.