In this remarkable and provocative book, Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a ‘Global Minotaur’ was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the ‘rest of the world’ began sending incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the ‘engine’ that pulled the world economy from the early 1980s to 2008.
Today’s crisis in Europe, the heated debates about austerity versus further fiscal stimuli in the US, the clash between China’s authorities and the Obama administration on exchange rates are the inevitable symptoms of the weakening Minotaur; of a global ‘system’ which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis lays out the options available to us for reintroducing a modicum of reason into a highly irrational global economic order.
An essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.
STUNNINGLY Intelligent, Timely, A Study in Ethics, Business, & Governance, April 20, 2013
I received this book as a gift because I have been telling people for over a decade that the 21st Century is going to be the Century of women, whose compassion, intuition, and smaller egos make them so much superior to men in an age that will be vastly more complex and nuanced than the Industrial Era with its willful ignorance of the true cost of everything including the true cost of colonialism, unilateral militarism, and predatory capitalism.
First, for context, a few of the books that have caused me to appreciate this one and recommend it without reservation, the bottom line being that muscle (and blind heavy metal militaries) are out, brains and heart and “non-zero” are in.
First off, the author's background is relevant: business professor and corporate time with Time-Warner. This is a serious guy that has done hard time in both the academic and corporate media worlds–he is inteimately familiar with the pretensions and limitations of men, and with the cavalier manner in which we have treated women. I like to point out to people that it used to be legal to abuse women and people of color, and to deprive both groups of voice and vote. This is also an author with a very broad international perspective, who teaches for the United Nations and understands the challenges and the requirements for stabilization & reconstruction.
I am quite taken with the author's discussion of “tribalism” and how modern tribalism combined with media manipulation make us all both stupid and dangerous. As one who has studied the origin of the state (including matriarchs as the first leaders, because lines of inheritance from women were absolutely known) and also the preconditions of revolution (concentration of wealth and huge disparities of income being number one), I see the author's introduction as long overdue common sense. I have been charting what I call “information pathologies,” my reflections on this are easy to find online, they boil down generally to men being able to get away with insanely criminal corruption because of secrecy and the willingness of men to assume that they are entitled to deprive others for their own advantage.
What Doug does that no one else has done, is a thoughtful dissection of our present circumstances, and a very able presentation of four deeply divisive and fatal social diseases that are directly related to how information technology “slices and dices” our present lives seemingly beyond our control:
01 Digiphenia [ADDICTION/SPLIT PERSONALITIES].
02 Overwinding [OVER-DOSED/BURNED OUT}.
03 Fractalnoia [SHATTERED MINDS/LOST SOULS].
04 Apocalypto [ASSIMILATED/CRAZY].
Bottom line up front: We are at risk of losing our humanity and being assimilated into a cyber-stein world in which we become automatons generating information that is sliced and diced totally divorced from ethics, community, Earth values, and so on. We must learn how to control this information technology we have unleashed.
Early insight: IT in its present design is moving individuals — including highly educated individuals, but most horrifyingly effective on the larger masses — DOWNWARDS toward reptilian instincts and irrational behavior, doing impulse things.
QUOTE (8): “When things begin accelerating wildly out of control, sometimes patience is the only answer. Press pause. We have time for this.”
Others have focused on “slow food” and other forms of simplicity living — e.g. Human Scale, Clock of the Long Now, and so on' What Doug has done is more of a form of laboratory dissection of the rat — the IT tiny brain, it's huge server butt, it's privacy invading and data non-protecting limbs, and worst of all, its stomach where data is destroyed rather than cooked.
As an intelligence professional striving to define intelligence with integrity for the 21st Century, everything that this book talks about with respect to the pathologies of information technology and its cancerous effect on humanity, is totally consistent with what I know about the loss of the ability of think tanks and spy agencies to think.
The author focuses on the collapse of the narrative, the story being how civilization communicates aggregated validated wisdom to new generations. I am reminded of Will and Ariel Durant as well as Steve Denning's book The Springboard. CORE to the message is that there is now a chasm — a huge chasm — between the staple stories of the past that “made sense” and the chaos of today where advertising runs amok, governments and corporations and universities and non-profits all tell blatant lies, and there is no comfortable place where transparency, truth, and trust can be reliably found.
In passing futurists are properly slammed.
QUOTE (17): “Futurism became less about predicting the future than pandering to those who sought to maintain an expired past.”
I've spent a lot of time these past six years thinking about the future in structured term (see all the authors, books, centers, and forecasts at Earth Intelligence Network) and I can offer three opinions with certainty:
01) Most governments do not plan for the future, and most corporations disenfranchise both the past and the future — pleading bankruptcy to eliminate all pension fund obligations, refusing to invest in infrastructure needed to mature.
02) With the exception of Medard Gabel, co-creator with Buckminster Fuller of the analog World Game (I recommend all books by both of them), no one I know of is thinking in whole systems terms — no one I know of is is truly committed to cause and effect and cascading feedback loops seven generations or iterations down.
03) With the exception of Herman Daly and a tiny handful of those who follow him as I do, no one is at any level, and certainly no government or international organization (e.g. the UN) is embracing true cost economics as the foundation for sound decision-making about the future.,
The greatest fault that the author finds — as I do in a piece online, “Chapter: Paradigms of Failure” — is with the systemic lies that characterize virtually all that we receive from the traditional segments that comprise civilization: academia, civil society including labor and religion, commerce, government, law enforcement, media, military, and non-government/non-profit.
QUOTE (47): “The focus on immediate response engendered by the always on news becomes the new approach to governance….no one has time to think….what used to be called statecraft devolves into a constant struggle with crisis management.”
In the above the author is kinder to government than government deserves. What actually happens is that the political leadership micro-manages the narrative to leverage the Pavlovian themes that distract the public while micro-managing the Cabinet officers (especially State), all to the end of optimizing short-term financial gains for those that fund the political theater. In other words, *lies* are the root of non-strategy, non-policy, corrupt acquisition, and ineffective options — just look at Iraq, three trillion to destroy a once-working country and produce Fallujah mutant babies while destabilizing the entire region. And now, while some call for a Truth & Reconciliation Commission, others refuse to admit that the rush to an expensive war based on 935 now documented (truthout) lies should be “revisited.”
INSIGHT from the author: lacking goals over time to bring us all together toward future accomplishments, we end up fleeing what we perceive in the now. Alvin Toffler told me back in the late 1990's that when he was in Malaysia in the 1980's he was asked what his greatest fear was in the future and his one word answer was “fundamentalism.” Fundamentalism is dogma carried to its extreme. It *flourishes* in an environment where governments, corporations, and media all LIE.
OCCUPY is the first post narrative political movement. It has — the author tells us — dispenses with the left-right illusion (we are still teaching our children that there are only two parties in the USA instead of the eight accredited parties and 50 others), dispenses with sound-bite simplification, eschews end justifies the means; and for the “system,” is unweildy and unpredictable.
Sadly — my point of view having tried to get Occupy to focus on Electoral Reform — Occupy was quickly marginalized by the “system” mobilizing foundations and using tiny grants to pick Occupy apart one aspiring individual at a time.
There are rays of hope, including massive multiplayer games online. I personally do not like serious games in their current configuration for the simple reason that they are data free. As with Pentagon war games, the data base is rigged and not rooted in whole systems cause and effect or true cost economics. However, if the vision of Medard Gabel and others can be realized, there is every reason to believe that in the next ten years we will see an Open Source Agency (OSA) that funds the hub for the World Brain and the Global Game — in the latter, everyone plays themselves, has access to all relevant information, and has voice and vote on all issues they wish to weigh in on — all transparent, truthful, and therefore trusted.
This book merits slow reading and appreciative reflection. The author's discussion of time is particularly interesting to me. He makes how we relate to time central to his story, observing that time in the digital era is not lineal but rather disembodied and associative — However, while “our” time cycles are hosed, “Earth Time” is still on its natural cycle and we are out of step — this may be one of the key insights in the book: IT creates false time frames that disconnect us from reality and nature — I believe Bill McKibbin among others would find this important.
This entire section is alone worth the price of the book. He cites Clay Shirky on information overload and filter failure, and Stewart Brand on the long time cycles, to that I would add David Weinberger's books, especially Too Big to Know.
I was not expecting to find a discussion of money in this book but there is one, and it is important. Money is information. Here is one quote that is central to the matter, and completely supported by Matt Taibbi's GRIFTOPIA among others:
QUOTE (147): “The shift to central currency not only slowed down the ascent of the middle class, it also led to high rates of poverty. The inability to maintain local businesses, urban squalor, and even the plauge.”
In brief, centralized currency is optimized for storage (hoarding and compound interest) instead of transactions and physical investment.
I will not spoil the ending but will only say that it is a helpful “sauna” on the impact of IT to humanity that is timely, and it crushes the prevailing conventional wisdom represented by all of the major governments, corporations, and conventional wisdom mindsets that comprise the “norm.”
This book is educational, provocative, and righteous. Of course there are those that will find any criticism of IT and “the singularity” to be blaspheme, but on balance I find Doug Rushkoff and his writing to be part of what little sanity we have left.
5.0 out of 5 stars Creating Innovators is NOT What Most US Schools Do…., February 27, 2013
I had a chance to go through this book today while visiting a school in Fairfax Virginia and I liked it. I have gone with 5 stars because it is a message that needs repeating as the educational “establishment” is still not listening, but those that rated it at only four stars have good reason to do so. I browsed the many interviews, and focused on the synthesis bits.
I completely agree with the criticism of the Quick Response codes, in this instance they are largely useless and a waste of time — the concept is however sound, and a great deal more needs to be done to better integrate books to video and also video to books.
The author's earlier book, (The Global Achievement Gap: Why Even Our Best Schools Don't Teach the New Survival Skills Our Children Need–and What We Can Do About It) listed seven survival skills that I repeat below, and the author tells us that this book is intended to move beyond those seven skills.
01 Critical thinking & problem solving
02 Collaboration across networks and leading by influence
03 Agility and adaptability
04 Initiative & entrepreneurship
05 Accessing and analyzing information (this is HUGE and where I have spent 30 years and will spend 30 more)
06 Effective oral & written communications (to which I would add graphic visualization)
07 Curiosity and imagination
I have reviewed here at Amazon 150 books tagged Education (General) and 60 books tagged Education (Universities) with about 20 of them being core [all my reveiews sorted by 98 categories are at Phi Beta Iota the Public Intelligence Blog, this is not something one can do via Amazon now, but they all lead back to their respective Amazon page). One of them I want to link here early on because it is the first book that made me realize that teaching to the test is beating the creativity out of our kids and also NOT teaching them to think conceptually or innovatively, was Orbiting the Giant Hairball: A Corporate Fool's Guide to Surviving with Grace.
This book has now passed into Open Access, but I continue to believe that Amazon should consider offering it as a CreateSpace and Kindle option. Dissent is a patriotic duty. The Iraq War was elective and based on 935 now-documented lies. What is done in our name today with drones and assassination teams and incarceration without due process is unConstitutional in the USA and a crime against humanity abroad. I am a patriot. A patriot does not let traitors get away with hijacking the government and must at a minimum speak their mind.
I entitled this review with the sub-title of Elizabeth Janeway's brilliant book. This is a book that is long overdue for a reprint and perhaps an update. I read it in the 1980's and used it in the 1990's on more than one occasion, with the line, inspired by this book:
“It used to be legal to oppress people of color and women–that did not make it right.”
The author, and the book, are central to any literature or discussion of the role of dissent in society, and the manner in which the public can ultimately triumph over any external authority including dictatorships and abusive corrupt regimes.
“Deep politics” is scholar Peter Dale Scott's term for historical machinations such as drug-running and assassinations which form covert if systemic features of the contemporary state and which are all-too naively dismissed as “conspiracy theories.” A number of people who study such matters seriously have long suspected that the scandal centering on Omaha, Nebraska's Franklin Credit Union in the 1970s and `80s forms the conceptual linchpin to a truly critical understanding of the perverse, brutal and predatory nature of power in late-imperial America. Having read former Nebraska State Senator John DeCamp's brave if somewhat desultory 1992 book on the subject, THE FRANKLIN COVER-UP, and watched the unaired British television documentary CONSPIRACY OF SILENCE on the internet, we have also sensed, with a certain despair, that the nature and details of this scandal were so shocking, ugly, confusing and strange as to forever defy broader public credulity and scrutiny. It is with a profound sense of relief, admiration and gratitude, then, that one reads Nick Bryant's THE FRANKLIN SCANDAL, which accomplishes the seemingly impossible: an eminently gripping, thorough and accessible account of perhaps the grimmest aspect of contemporary U. S. history.
It is amusing to see the sole negative reviewer on these pages (as of this writing) suggest that Bryant has gullibly relied only on the apparent victims of the scandal, when in fact the author has taken pains to bolster accusations voiced in his book with the testimony of law-enforcement, governmental, mental health, legal and social-service officials, as well as journalists and others whose professions and/or personal relationships brought them into the orbit of this lurid story.
5.0 out of 5 stars MUST READ, gift and share — a roadmap for true cost valuation at citizen level, January 12, 2013
I have long been a fan of Herman Daly's ecological economics and E.O. Wilson's concept of consilience, a form of holistic analytics, and of course Buckminster Fuller and Russell Ackoff, among other systems thinkers. This book, just published, is quite extraordinary, and in the absence of a Look Inside the Book offering, one of Amazon's best features, I want to list the chapters here and point to an online resource that provides compelling information supportive of buying this book and then sharing it or gifting it to others.
Chapter 1: The Indispensable Dirt
Chapter 2: Life from Light
Chapter 3: Eco-innovation
Chapter 4: The Pollinators
Chapter 5: Ground Control
Chapter 6: Liquid Assets
Chapter 7: Sunken Billions
Chapter 8: Ocean Planet
Chapter 9: Insurance
Chapter 10: Natural Health Service
Chapter 11: False Economy?
To get right to the web page that does NOT offer the book for free, only provides the supporting references and comments on each reference, search for:
STUNNINGLY Intelligent, Timely, A Study in Ethics, Business, & Governance, April 20, 2013
