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The Rise of the Outsiders: How Mainstream Politics Lost Its Way by Steve Richards
Affordable Care Act / Obamacare, Airbnb, banking crisis, battle of ideas, Bernie Sanders, call centre, centre right, collapse of Lehman Brothers, David Brooks, Donald Trump, Etonian, eurozone crisis, falling living standards, full employment, housing crisis, low skilled workers, manufacturing employment, Martin Wolf, mass immigration, Neil Kinnock, obamacare, Occupy movement, Ronald Reagan, Silicon Valley
Shortly before Clinton’s victory, and before the Conservatives’ fourth successive win in the UK in April 1992, the former UK chancellor, Nigel Lawson, made an insightful prediction. Speaking in 1991, when the Labour party was well ahead in the polls, Lawson declared that the Conservatives would win the forthcoming election because it was winning the battle of ideas. Lawson added that the party winning the battle of ideas would always be victorious at elections, even if it faced crises en route. Lawson was right, in relation to the UK. The Conservatives won easily in 1992, albeit under the leadership of the more pragmatic John Major rather than the tonal evangelism of Thatcher. In the US, Bill Clinton was the victor by turning the battle of ideas on its head. He stole from the Republicans the language of economic competence. Above all, he ruthlessly mocked President Bush’s pledge at the previous election not to raise taxes. ‘Read my lips… no new taxes,’ Bush had declared, before he sensibly raised taxes during his subsequent four years in office.2 Clinton’s onslaught was counter-intuitive and successful.
‘Read my lips… no new taxes,’ Bush had declared, before he sensibly raised taxes during his subsequent four years in office.2 Clinton’s onslaught was counter-intuitive and successful. Instead of trying to win the battle of ideas by putting a centre-left case for tax and higher spending on its own, he attacked his Republican opponent for raising taxes and, in doing so, raised questions about Bush’s integrity, too. This gave Clinton space to be the reassuring candidate – the one who could be trusted, in all senses of the term, to run the economy. Clinton’s campaign was elegantly judged to maximize support. He claimed to be fighting for the ‘forgotten middle class’. In his campaign manifesto his pitch was relentlessly focused on a class that happened to comprise most voters, separating off only the very wealthiest: For more than a decade our government has been rigged in favour of the rich… While the wealthiest Americans get rich, middle class Americans work harder and earn less while paying higher taxes to a government that fails to produce what we need: good jobs in a growing economy, world class education, affordable health care, safe streets and neighbourhoods…3 The juxtaposition worked triumphantly.
Constraints on ‘tax and spend’ force radical modernisation of the public sector and reform of public services to achieve better value for money. The public sector must actually serve the citizen: we do not hesitate to promote the concepts of efficiency, competition and high performance.6 As Philip Stephens had noted, Margaret Thatcher would have agreed with every word. Some on the centre left in the 1990s did not seek to win the battle of ideas, but accepted defeat and, in their contrition, hoped to win elections more or less on the same basis as she did. The parties on the centre left that followed this defensive route suffered severe identity crises, and voters became suspicious of their leaderships – leaderships that worked so assiduously hard to win their respect. Inevitably, neither Blair nor Schroeder followed precisely the ideological path they had unveiled with such confident lack of confidence.
The Price of Inequality: How Today's Divided Society Endangers Our Future by Joseph E. Stiglitz
affirmative action, Affordable Care Act / Obamacare, airline deregulation, Andrei Shleifer, banking crisis, barriers to entry, Basel III, battle of ideas, Berlin Wall, capital controls, Carmen Reinhart, Cass Sunstein, central bank independence, collapse of Lehman Brothers, collective bargaining, colonial rule, corporate governance, Credit Default Swap, Daniel Kahneman / Amos Tversky, Dava Sobel, declining real wages, deskilling, Exxon Valdez, Fall of the Berlin Wall, financial deregulation, financial innovation, Flash crash, framing effect, full employment, George Akerlof, Gini coefficient, income inequality, income per capita, indoor plumbing, inflation targeting, information asymmetry, invisible hand, jobless men, John Harrison: Longitude, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Kenneth Arrow, Kenneth Rogoff, labour market flexibility, London Interbank Offered Rate, lone genius, low skilled workers, Marc Andreessen, Mark Zuckerberg, market bubble, market fundamentalism, mass incarceration, medical bankruptcy, microcredit, moral hazard, mortgage tax deduction, negative equity, obamacare, offshore financial centre, paper trading, Pareto efficiency, patent troll, Paul Samuelson, payday loans, price stability, profit maximization, profit motive, purchasing power parity, race to the bottom, rent-seeking, reserve currency, Richard Thaler, Robert Shiller, Robert Shiller, Ronald Coase, Ronald Reagan, shareholder value, short selling, Silicon Valley, Simon Kuznets, spectrum auction, Steve Jobs, technology bubble, The Chicago School, The Fortune at the Bottom of the Pyramid, The Myth of the Rational Market, The Spirit Level, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transaction costs, trickle-down economics, ultimatum game, uranium enrichment, very high income, We are the 99%, wealth creators, women in the workforce, zero-sum game
Some will reap monetary rewards after they leave office, part of the process of revolving doors that is endemic in the United States; for others, the pleasures of power today suffice. Backing up these ideas are armies of “experts” willing to provide testimony, arguments, and stories to show the rightness of these views. This battle of ideas occurs, of course, in many playing fields. The politicians have their surrogates, their minions who are not running for office but who advance variants of these ideas, and challenge those of rivals. Evidence and argumentation on both sides are assembled. This “battle of ideas” has two objectives (like advertising more generally)—to mobilize those who are already true believers and to persuade those who have not yet made up their minds. The former entails rallying the troops and reinvigorating commitment. In an expensive electoral democracy like the United States, arousing the “base” is important because the outcome of elections often hinges on raising campaign funds and getting out the vote.
Advertisers are good at distilling a message down to a sixty-second ad that strikes just the right notes—an emotional response seemingly reinforced by “reason.”33 THE WEAPONS OF WAR There is a real battlefield of ideas. But it does not, for the most part, involve a battle of ideas as academics would understand it, where evidence and theory on both sides are carefully weighed. It is a battlefield of “persuasions,” of “framing,” of attempts not necessarily to get to the truth of the matter but to understand better how ordinary citizens’ perceptions are formed and to influence those perceptions. In this battle of ideas, certain weapons play a central role. In the last chapter, we discussed one of these weapons—the media. It should be obvious that imbalances in the media can lead to a battlefield in the war of ideas that is far from level.
That they had failed miserably was evident: weeks after European financial institutions were given a clean bill of health (from the passage of a stress test, supposedly designed to ensure that the banks could survive a major economic stress), the Irish banks collapsed. A few weeks after they were given a second seal of approval, having supposedly tightened their standards, another major European bank (Dexia) failed.38 MONETARY POLICY AND THE BATTLE OF IDEAS A central theme of this book is that there has been a battle of ideas—over what kinds of society, what kinds of policies, are best for most citizens—and that this battle has seen an attempt to persuade everyone that what’s good for the 1 percent, what the top cares about and wants, is good for everyone: lower tax rates at the top, reduce the deficit, downsize the government. It is not a coincidence that currently fashionable monetary/macroeconomics finds its origins in the work of the influential Chicago school economist Milton Friedman, the strong advocate of so-called free-market economics, which downplayed the importance of externalities and ignored information imperfections and other “agency” issues.39 While his pioneering work on the determinants of consumption rightly earned him a Nobel Prize, his free-market beliefs were based more on ideological conviction than on economic analysis.
affirmative action, Affordable Care Act / Obamacare, American Legislative Exchange Council, anti-communist, Bakken shale, bank run, battle of ideas, Berlin Wall, Capital in the Twenty-First Century by Thomas Piketty, carried interest, centre right, clean water, Climategate, Climatic Research Unit, collective bargaining, corporate raider, crony capitalism, David Brooks, desegregation, diversified portfolio, Donald Trump, energy security, estate planning, Fall of the Berlin Wall, George Gilder, housing crisis, hydraulic fracturing, income inequality, Intergovernmental Panel on Climate Change (IPCC), invisible hand, job automation, low skilled workers, mandatory minimum, market fundamentalism, mass incarceration, Mont Pelerin Society, More Guns, Less Crime, Nate Silver, New Journalism, obamacare, Occupy movement, offshore financial centre, oil shale / tar sands, oil shock, Plutocrats, plutocrats, Powell Memorandum, Ralph Nader, Renaissance Technologies, road to serfdom, Ronald Reagan, school choice, school vouchers, The Bell Curve by Richard Herrnstein and Charles Murray, The Chicago School, the scientific method, University of East Anglia, Unsafe at Any Speed, War on Poverty, working poor
With the same foresight and perseverance with which they invested in their businesses, they funded and built a daunting national political machine. As far back as 1976, Charles Koch, who was trained as an engineer, began planning a movement that could sweep the country. As a former member of the John Birch Society, he had a radical goal. In 1978, he declared, “Our movement must destroy the prevalent statist paradigm.” To this end, the Kochs waged a long and remarkable battle of ideas. They subsidized networks of seemingly unconnected think tanks and academic programs and spawned advocacy groups to make their arguments in the national political debate. They hired lobbyists to push their interests in Congress and operatives to create synthetic grassroots groups to give their movement political momentum on the ground. In addition, they financed legal groups and judicial junkets to press their cases in the courts.
But he writes that unlike most liberals, as he grew older, he came to feel entitled to his good fortune. “Some of my friends—most I’d say—feel a sense of guilt about having money. I do not, and never have.” As he describes it, “An inheritance comes to the person but also to his community and country. It can do powerful good.” He notes, “I’ve felt good about being able to put dollars to work in the battle of ideas.” Scaife recalled his childhood as happy. He liked the governess who raised him, admired his father, and adored his mother. But his sister, Cordelia, who was four years older, saw their upbringing differently. She described the family as excelling principally in “making each other totally miserable.” The only substance that appears to have been in nearly as great supply as money in the Scaife household was alcohol.
Politicians were prisoners of conventional wisdom, in Hayek’s view. They would have to change how politicians thought if they wanted to implement what were then considered outlandish free-market ideas. To do that would require an ambitious and somewhat disingenuous public relations campaign. The best way to do this, Hayek told Fisher, who took notes, was to start “a scholarly institute” that would wage a “battle of ideas.” If Fisher succeeded, Hayek told him, he would change the course of history. To succeed, however, required some deception about the think tank’s true aims. Fisher’s partner in the venture, Oliver Smedley, wrote to Fisher saying that they needed to be “cagey” and disguise their organization as neutral and nonpartisan. Choosing a suitably anodyne name, they founded the grandfather of libertarian think tanks in London, calling it the Institute of Economic Affairs.
Inventing the Future: Postcapitalism and a World Without Work by Nick Srnicek, Alex Williams
3D printing, additive manufacturing, air freight, algorithmic trading, anti-work, back-to-the-land, banking crisis, basic income, battle of ideas, blockchain, Bretton Woods, call centre, capital controls, carbon footprint, Cass Sunstein, centre right, collective bargaining, crowdsourcing, cryptocurrency, David Graeber, decarbonisation, deindustrialization, deskilling, Doha Development Round, Elon Musk, Erik Brynjolfsson, Ferguson, Missouri, financial independence, food miles, Francis Fukuyama: the end of history, full employment, future of work, gender pay gap, housing crisis, income inequality, industrial robot, informal economy, intermodal, Internet Archive, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, late capitalism, liberation theology, Live Aid, low skilled workers, manufacturing employment, market design, Martin Wolf, mass immigration, mass incarceration, means of production, minimum wage unemployment, Mont Pelerin Society, neoliberal agenda, New Urbanism, Occupy movement, oil shale / tar sands, oil shock, patent troll, pattern recognition, Paul Samuelson, Philip Mirowski, post scarcity, postnationalism / post nation state, precariat, price stability, profit motive, quantitative easing, reshoring, Richard Florida, rising living standards, road to serfdom, Robert Gordon, Ronald Reagan, Second Machine Age, secular stagnation, self-driving car, Slavoj Žižek, social web, stakhanovite, Steve Jobs, surplus humans, the built environment, The Chicago School, The Future of Employment, Tyler Cowen: Great Stagnation, universal basic income, wages for housework, We are the 99%, women in the workforce, working poor, working-age population
A chance meeting with a Swiss businessman in 1945 gave Hayek the financial means to put his ideas into action.17 Thus was born the Mont Pelerin Society (MPS): a closed intellectual network that provided the basic ideological infrastructure for neoliberalism to ferment.18 It is no exaggeration to say that almost all of the important figures in the postwar creation of neoliberalism were in attendance at its first meeting in 1947, including the Austrian economists, the UK liberals, the Chicago School, the German ordoliberals and a French contingent.19 From its beginnings, the MPS was consciously focused on changing political common sense and sought to develop a liberal utopia.20 It explicitly understood that this intellectual framework would then be actively filtered down through think tanks, universities and policy documents, in order to institutionalise and eventually monopolise the ideological terrain.21 In a letter to those he had invited, Hayek wrote that the purpose of the MPS was to enlist the support of the best minds in formulating a programme which has a chance of gaining general support. Our effort therefore differs from any political task in that it must be essentially a long-run effort, concerned not so much with what would be immediately practicable, but with the beliefs which must gain ascendance if the dangers are to be averted which at the moment threaten individual freedom.22 The Society thus made a ‘commitment to a long-run war of position in the “battle of ideas” … Privatized, strategic, elite deliberation was therefore established as the modus operandi.’23 Opening the ten-day event, Hayek diagnosed the problem of the new liberals: a lack of alternatives to the existing (Keynesian) order. There was no ‘consistent philosophy of the opposition groups’ and no ‘real programme’ for change.24 As a result of this diagnosis, Hayek defined the central goal of the MPS as changing elite opinion in order to establish the parameters within which public opinion could then be formed.
A hegemonic project therefore implies and responds to society as a complex emergent order, the result of diverse interacting practices.22 Some combinations of social practices will lead to instability, but others will tend towards more stable (if not literally static) outcomes. In this context, hegemonic politics is the work that goes into retaining or navigating towards a new point of relative stability across a variety of societal subsystems, from the national-level politics of the state, to the economic domain, from the battle of ideas and ideologies to different regimes of technology. The order which emerges as a result of the interactions of these different domains is hegemony, which works to constrain certain kinds of action and enable others. In the rest of this chapter, we examine three possible channels through which to undertake this struggle: pluralising economics, creating utopian narratives and repurposing technology.
Zero-Sum Future: American Power in an Age of Anxiety by Gideon Rachman
Asian financial crisis, bank run, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, Bonfire of the Vanities, borderless world, Bretton Woods, BRICs, capital controls, centre right, clean water, collapse of Lehman Brothers, colonial rule, currency manipulation / currency intervention, deindustrialization, Deng Xiaoping, Doha Development Round, energy security, failed state, Fall of the Berlin Wall, financial deregulation, Francis Fukuyama: the end of history, full employment, global reserve currency, greed is good, Hernando de Soto, illegal immigration, income inequality, invisible hand, Jeff Bezos, laissez-faire capitalism, Live Aid, market fundamentalism, Martin Wolf, mass immigration, Mexican peso crisis / tequila crisis, Mikhail Gorbachev, moral hazard, mutually assured destruction, Naomi Klein, offshore financial centre, open borders, open economy, Peace of Westphalia, peak oil, pension reform, Plutocrats, plutocrats, popular capitalism, price stability, RAND corporation, reserve currency, rising living standards, road to serfdom, Ronald Reagan, shareholder value, Sinatra Doctrine, sovereign wealth fund, special economic zone, Steve Jobs, Stewart Brand, The Chicago School, The Great Moderation, The Myth of the Rational Market, Thomas Malthus, trickle-down economics, Washington Consensus, Winter of Discontent, zero-sum game
The end of the cold war had ended ideological competition. Liberal democracy would reign supreme. In subsequent years, it has become almost compulsory for political commentators to take a sideswipe at Fukuyama and to dismiss the end-of-history thesis as hubristic nonsense.5 Part of the problem is often a misunderstanding of what Fukuyama was actually saying. He was not predicting the end of events. His argument was rather that the battle of ideas had ended. Communists had stopped believing in their own system, and there was no new ideological challenger to liberal democracy on the horizon. This did not mean that all countries would become liberal democracies immediately, or that conflict would disappear from the world. Instead Fukuyama predicted a “steadily expanding post-historical world”6 of liberal democracies, which would clash intermittently with a “historical” world of countries that had not yet made the transition to liberal democracy.
Niall Ferguson calls it a “hugely expensive lesson in the perils of ill-considered deregulation.” Niall Ferguson, The Ascent of Money: A Financial History of the World (London: Allen Lane, 2008), 253. Wilentz makes the same case in Age of Reagan, 177. 10. Wilentz, Age of Reagan, 143. 11. Ibid., 147. 12. Reagan, American Life, 311. 13. Wilentz, Age of Reagan, 275. 14. Ibid. 15. D’Souza, Reagan, 26. 16. Robert Wade, lecture at “The Battle of Ideas,” London, October 31, 2009. 17. Wilentz, Age of Reagan, 207. 18. Reagan, American Life, 204. 19. Peter Jenkins, Mrs. Thatcher’s Revolution: Ending the Socialist Era (London: Jonathan Cape, 1987), 210. 20. Ibid. 21. Alan Greenspan, The Age of Turbulence: Adventures in a New World (London: Penguin, 2007), 88. 22. Ibid., 87. 23. Ibid., 89. 24. See D’Souza, Reagan, 1. 25.
Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist by Kate Raworth
3D printing, Asian financial crisis, bank run, basic income, battle of ideas, Berlin Wall, bitcoin, blockchain, Branko Milanovic, Bretton Woods, Buckminster Fuller, call centre, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, choice architecture, clean water, cognitive bias, collapse of Lehman Brothers, complexity theory, creative destruction, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, dematerialisation, Douglas Engelbart, Douglas Engelbart, en.wikipedia.org, energy transition, Erik Brynjolfsson, ethereum blockchain, Eugene Fama: efficient market hypothesis, experimental economics, Exxon Valdez, Fall of the Berlin Wall, financial deregulation, Financial Instability Hypothesis, full employment, global supply chain, global village, Henri Poincaré, hiring and firing, Howard Zinn, Hyman Minsky, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of writing, invisible hand, Isaac Newton, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, land reform, land value tax, Landlord’s Game, loss aversion, low skilled workers, M-Pesa, Mahatma Gandhi, market fundamentalism, Martin Wolf, means of production, megacity, mobile money, Mont Pelerin Society, Myron Scholes, neoliberal agenda, Network effects, Occupy movement, off grid, offshore financial centre, oil shale / tar sands, out of africa, Paul Samuelson, peer-to-peer, planetary scale, price mechanism, quantitative easing, randomized controlled trial, Richard Thaler, Ronald Reagan, Second Machine Age, secular stagnation, shareholder value, sharing economy, Silicon Valley, Simon Kuznets, smart cities, smart meter, South Sea Bubble, statistical model, Steve Ballmer, The Chicago School, The Great Moderation, the map is not the territory, the market place, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, too big to fail, Torches of Freedom, trickle-down economics, ultimatum game, universal basic income, Upton Sinclair, Vilfredo Pareto, wikimedia commons
Humanity’s journey through the twenty-first century will be led by the policymakers, entrepreneurs, teachers, journalists, community organisers, activists and voters who are being educated today. But these citizens of 2050 are being taught an economic mindset that is rooted in the textbooks of 1950, which in turn are rooted in the theories of 1850. Given the fast-changing nature of the twenty-first century, this is shaping up to be a disaster. Of course the twentieth century gave rise to groundbreaking new economic thinking, most influentially in the battle of ideas between Keynes and Hayek. But though those iconic thinkers held opposing perspectives, they inherited flawed assumptions and common blind spots that lay unexamined at the root of their differences. The twenty-first-century context demands that we make those assumptions explicit and those blind spots visible so that we can, once again, rethink economics. Walking away from economics – and back As a teenager in the 1980s, I tried to piece together an understanding of the world by watching the evening news.
As humanity’s context, values, and aims continually evolve, so too should the way that we envision the economy. There may be no perfect frame waiting to be found but, argues the cognitive linguist George Lakoff, it is absolutely essential to have a compelling alternative frame if the old one is ever to be debunked. Simply rebutting the dominant frame will, ironically, only serve to reinforce it. And without an alternative to offer, there is little chance of entering, let alone winning, the battle of ideas. Lakoff has for years drawn attention to the power of verbal framing in shaping political and economic debate. He points, by way of example, to the notion of ‘tax relief’ widely used by US conservatives: in just two words, it frames tax as an affliction, a burden to be lifted by a heroic rescuer. How should progressives respond? Certainly not by arguing ‘against tax relief’ because repeating that phrase merely strengthens the frame (who could be against relief, after all?).
Geek Wisdom by Stephen H. Segal
Ada Lovelace, Albert Einstein, Any sufficiently advanced technology is indistinguishable from magic, battle of ideas, biofilm, fear of failure, Henri Poincaré, Jacquard loom, Jacquard loom, Mark Zuckerberg, mutually assured destruction, nuclear paranoia, Saturday Night Live, Vernor Vinge
Things in which there’ definitely is crying include comic books, Star Trek, Buffy the Vampire Slayer, and, of course, I Love Lucy. “I WILL NOT BE PUSHED, FILED, STAMPED, INDEXED, BRIEFED, DEBRIEFED, OR NUMBERED. MY LIFE IS MY OWN.” —NUMBER SIX, THE PRISONER WHEN PATRICK MCGOOHAN’S Number Six angrily defies his captors with this litany in the seminal British secret-agent series’ opening installment, he crystallizes everything we need to know about the battle of ideas, ideology, and identity that spans the show’s all-too brief run. The premise, featuring the dogged, dogmatic Six bedeviled at every turn in his attempts to escape from mysterious captors and reclaim his identity, hinges on the idea that we’re all boxed in by a system—whatever that system is—that controls us at every step, and any notions of breaking free from that box are themselves just one more level of control.
Global Spin: The Corporate Assault on Environmentalism by Sharon Beder
American Legislative Exchange Council, battle of ideas, business climate, centre right, clean water, corporate governance, Exxon Valdez, Gary Taubes, global village, Intergovernmental Panel on Climate Change (IPCC), invisible hand, laissez-faire capitalism, oil shale / tar sands, old-boy network, price mechanism, profit maximization, Ralph Nader, RAND corporation, Ronald Reagan, shareholder value, telemarketer, The Bell Curve by Richard Herrnstein and Charles Murray, the market place, The Wealth of Nations by Adam Smith, urban planning
The potential to shape environmental perceptions and improve corporate images at the same time has attracted many customers to the firms designing educational materials for corporations. These materials inevitably give a corporate view of environmental problems, and avoid solutions that would involve reduced consumption, increased regulation or reduced corporate profits (see Chapter Ten). The combination of activist techniques and corporate money is a powerful weapon in the battle of ideas. In the US, opinion polling indicates corporate funded anti-environmental efforts produced a major shift in public opinion within the space of a single year. In 1992, fifty-one per cent of those surveyed agreed that environmentalists had “gone too far”, compared with seventeen per cent the year before.50 Andrew Rowell, in his book Green Backlash, dates the arrival of the anti-environmentalist backlash in Britain as Spring 1995, when the media took up the “anti-green tune” and a number of books were published that attacked environmentalism.
‘Nice names - pity about the policies - industry front groups’, Chain Reaction (70):16-19. Burton, Bob. 1995. ‘Right wing think tanks go environmental’, Chain Reaction, no. 73-74. Burton, Bob. 1996. ‘Mothers Opposing Pollution (MOP)—all washed up’, Chain Reaction (76):28-31. Burton, Bob. 2001. ‘Environment chair quits over tailings disposal’, Mining Monitor July 2001, 9-10. Burton, Douglas. 1995. ‘To win the battle of ideas, send in the think tanks’, Insight on the News 11 (10):15-17. Butler, Daniel. 1995. ‘Radicals without reins’, Accountancy 116 (1224):36-38. Byrne, Andrew. 1995. ‘Secret fund set up in bid to derail ‘green’ Olympics’, Sydney Morning Herald, 26 August. Byrnes, Nanette. 1994. ‘The Smoke at General Electric’, Financial World, 16 August, 32-34. Cadzow. Jane. 1996. ‘It’s not easy being green’, Good Weekend, 7 September, 37-41.
Rethinking Islamism: The Ideology of the New Terror by Meghnad Desai
Ayatollah Khomeini, battle of ideas, Berlin Wall, full employment, global village, illegal immigration, income per capita, invisible hand, liberal capitalism, liberation theology, Mahatma Gandhi, Martin Wolf, means of production, oil shock, purchasing power parity, Ronald Reagan, structural adjustment programs, The Wealth of Nations by Adam Smith, Yom Kippur War
Amagazine,Encounter,wasﬁnanced covertlybytheCIA;itwasco-editedbytheBritishpoetStephen Spenderandreceivedcontributionsfromsomeofthebestwriters worldwide. It also paid well since it was well ﬁnanced.43 Modern operaandabstractartwereasgenerouslyﬁnancedasintellectual writinginthisbattle. Theideawasthatitistheliterateandthearticulateelitethat is crucial to the battle of ideas and it is the elite that has to be movedtochangesidesorsticktothesidetheyarealreadyonand not be seduced by the other side. The elite were enticed not by crudetransparentpropaganda,butbyhighartandgoodargument, wheretheycouldviewthebeneﬁtsoffreedom. Meanwhile,theWestalsocleanedupitsact.Itmadegreatstrides in anti-racism, in human rights, in decolonisation, in promoting economicdevelopmentinthedevelopingworld.
Sleeping Giant: How the New Working Class Will Transform America by Tamara Draut
affirmative action, Affordable Care Act / Obamacare, always be closing, battle of ideas, big-box store, blue-collar work, collective bargaining, creative destruction, David Brooks, declining real wages, deindustrialization, desegregation, Detroit bankruptcy, Donald Trump, Edward Glaeser, ending welfare as we know it, Ferguson, Missouri, financial deregulation, full employment, immigration reform, income inequality, invisible hand, job satisfaction, knowledge economy, knowledge worker, low skilled workers, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, obamacare, occupational segregation, payday loans, pink-collar, Plutocrats, plutocrats, Powell Memorandum, profit motive, race to the bottom, Ralph Nader, rent-seeking, rising living standards, Ronald Reagan, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, trickle-down economics, union organizing, upwardly mobile, War on Poverty, white flight, women in the workforce, young professional
It’s much easier to go to battle for “Americans who did all the right things” and got the rug pulled out from under them than it is to stick up for the hardworking, hard-luck, drew-the-short-end-of-the-stick population who too easily remind us that the American dream is more ephemera than enduring reality. And with a working class that is now more black, Latino, and female, it’s a battle even harder to wage, let alone win. The Sleeping Giant Will Rise But a battle is taking place—a battle of ideas over the fundamental rules of our economy and society. The moneyed and the connected have won the last few rounds. The social contract born of the New Deal is in tatters. Organized labor is limping, and the large majority of Americans are struggling mightily to make ends meet and build better lives for their children. Unless the majority of Americans—a Sleeping Giant if there ever was one—reclaim their moral and political authority, there is little reason to believe the status quo will change.
The Trouble With Billionaires by Linda McQuaig
battle of ideas, Bernie Madoff, Big bang: deregulation of the City of London, British Empire, Build a better mousetrap, carried interest, collateralized debt obligation, computer age, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, Douglas Engelbart, Douglas Engelbart, employer provided health coverage, financial deregulation, fixed income, full employment, George Akerlof, Gini coefficient, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of the telephone, invention of the wheel, invisible hand, Isaac Newton, Jacquard loom, Jacquard loom, Joseph-Marie Jacquard, laissez-faire capitalism, land tenure, Mark Zuckerberg, market bubble, Martin Wolf, mega-rich, minimum wage unemployment, Mont Pelerin Society, Naomi Klein, neoliberal agenda, Northern Rock, offshore financial centre, Paul Samuelson, Plutocrats, plutocrats, Ponzi scheme, pre–internet, price mechanism, purchasing power parity, RAND corporation, rent-seeking, rising living standards, road to serfdom, Ronald Reagan, The Chicago School, The Spirit Level, The Wealth of Nations by Adam Smith, Tobin tax, too big to fail, trickle-down economics, Vanguard fund, very high income, wealth creators, women in the workforce
Probably most important of all was the network of think-tanks established by British farming entrepreneur Antony Fisher, whom Milton Friedman later credited with being ‘the single most important person in the development of Thatcherism’.23 Inspired by Hayek’s ideas after reading a Reader’s Digest condensation of The Road to Serfdom, Fisher had considered going into politics to promote the free-market cause. But Hayek talked him out of it, explaining, Fisher later recalled, ‘that the decisive influence in the battle of ideas and policy was wielded by intellectuals whom he characterized as the “second-hand dealers in ideas”.’ Hayek urged Fisher instead to form an academic research organization ‘to supply intellectuals in universities, schools, journalism and broadcasting with authoritative studies of the economic theory of markets and its application to practical affairs’.24 Fisher followed Hayek’s advice, establishing the Institute of Economic Affairs (IEA), which was to become hugely influential in shaping British public attitudes as the years went on.
Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy by Jonathan Taplin
1960s counterculture, 3D printing, affirmative action, Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, American Legislative Exchange Council, Apple's 1984 Super Bowl advert, back-to-the-land, barriers to entry, basic income, battle of ideas, big data - Walmart - Pop Tarts, bitcoin, Brewster Kahle, Buckminster Fuller, Burning Man, Clayton Christensen, commoditize, creative destruction, crony capitalism, crowdsourcing, data is the new oil, David Brooks, David Graeber, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Snowden, Elon Musk, equal pay for equal work, Erik Brynjolfsson, future of journalism, future of work, George Akerlof, George Gilder, Google bus, Hacker Ethic, Howard Rheingold, income inequality, informal economy, information asymmetry, information retrieval, Internet Archive, Internet of things, invisible hand, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Joseph Schumpeter, Kevin Kelly, Kickstarter, labor-force participation, life extension, Marc Andreessen, Mark Zuckerberg, Menlo Park, Metcalfe’s law, Mother of all demos, move fast and break things, move fast and break things, natural language processing, Network effects, new economy, Norbert Wiener, offshore financial centre, packet switching, Paul Graham, Peter Thiel, Plutocrats, plutocrats, pre–internet, Ray Kurzweil, recommendation engine, rent-seeking, revision control, Robert Bork, Robert Gordon, Robert Metcalfe, Ronald Reagan, Sand Hill Road, secular stagnation, self-driving car, sharing economy, Silicon Valley, Silicon Valley ideology, smart grid, Snapchat, software is eating the world, Steve Jobs, Stewart Brand, technoutopianism, The Chicago School, The Market for Lemons, Tim Cook: Apple, trade route, transfer pricing, trickle-down economics, Tyler Cowen: Great Stagnation, universal basic income, unpaid internship, We wanted flying cars, instead we got 140 characters, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator
As recently as the late 1970s these theories were viewed as the crackpot musings of reactionaries. A review of Rand’s essay collection Capitalism: The Unknown Ideal in the New Republic simply referred to Rand as “Top Bee in the communal bonnet, buzzing the loudest and zaniest throughout this all but incredible book.” But since the election of Ronald Reagan, these libertarian principles have won the Washington, DC, battle of ideas. Since then, notions that the state should regulate the free market have been out of favor in both Republican and Democratic administrations. It may be that the Great Recession of 2008 led many to realize that this philosophy is a dead end for both culture and politics, but we seem to be lacking the political and cultural will to direct society onto a new path. Nobel Prize–winning economist Joseph Stiglitz thinks we need to rethink the laissez-faire economics of Rand and Friedman: “If markets are based on exploitation, the rationale for laissez-faire disappears.
This Changes Everything: Capitalism vs. The Climate by Naomi Klein
1960s counterculture, activist fund / activist shareholder / activist investor, battle of ideas, Berlin Wall, big-box store, bilateral investment treaty, British Empire, business climate, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, clean water, Climategate, cognitive dissonance, colonial rule, Community Supported Agriculture, complexity theory, crony capitalism, decarbonisation, deindustrialization, dematerialisation, Donald Trump, Downton Abbey, energy security, energy transition, equal pay for equal work, Exxon Valdez, failed state, Fall of the Berlin Wall, feminist movement, financial deregulation, food miles, Food sovereignty, global supply chain, hydraulic fracturing, ice-free Arctic, immigration reform, income per capita, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, invention of the steam engine, invisible hand, Isaac Newton, James Watt: steam engine, light touch regulation, market fundamentalism, moral hazard, Naomi Klein, new economy, Nixon shock, Occupy movement, offshore financial centre, oil shale / tar sands, open borders, patent troll, Pearl River Delta, planetary scale, post-oil, profit motive, quantitative easing, race to the bottom, Ralph Waldo Emerson, Rana Plaza, Ronald Reagan, smart grid, special economic zone, Stephen Hawking, Stewart Brand, structural adjustment programs, Ted Kaczynski, the scientific method, The Wealth of Nations by Adam Smith, trade route, transatlantic slave trade, transatlantic slave trade, trickle-down economics, Upton Sinclair, uranium enrichment, urban planning, urban sprawl, wages for housework, walkable city, Washington Consensus, Whole Earth Catalog, WikiLeaks
What stopped him was the invisible confinement of a powerful ideology that had convinced him—as it has convinced virtually all of his political counterparts—that there is something wrong with telling large corporations how to run their businesses even when they are running them into the ground, and that there is something sinister, indeed vaguely communist, about having a plan to build the kind of economy we need, even in the face of an existential crisis. This is, of course, yet another legacy bequeathed to us by the free market counterrevolution. As recently as the early 1970s, a Republican president—Richard Nixon—was willing to impose wage and price controls to rescue the U.S. economy from crisis, popularizing the notion that “We are all Keynesians now.”8 But by the 1980s, the battle of ideas waged out of the same Washington think tanks that now deny climate change had successfully managed to equate the very idea of industrial planning with Stalin’s five-year plans. Real capitalists don’t plan, these ideological warriors insisted—they unleash the power of the profit motive and let the market, in its infinite wisdom, create the best possible society for all. Obama, obviously, does not share this extreme vision: as his health care and other social policies suggest, he believes government should nudge business in the right direction.
Conservatives have managed to stall and roll back climate action amidst economic crisis by making climate about economics—about the pressing need to protect growth and jobs during difficult times (and they are always difficult). Progressives can easily do the same: by showing that the real solutions to the climate crisis are also our best hope of building a much more stable and equitable economic system, one that strengthens and transforms the public sphere, generates plentiful, dignified work, and radically reins in corporate greed. But before that can happen, it’s clear that a core battle of ideas must be fought about the right of citizens to democratically determine what kind of economy they need. Policies that simply try to harness the power of the market—by minimally taxing or capping carbon and then getting out of the way—won’t be enough. If we are to rise to a challenge that involves altering the very foundation of our economy, we will need every policy tool in the democratic arsenal.
Hunting in the Shadows: The Pursuit of Al Qa'ida Since 9/11: The Pursuit of Al Qa'ida Since 9/11 by Seth G. Jones
airport security, battle of ideas, defense in depth, drone strike, Google Earth, index card, Khyber Pass, medical residency, Murray Gell-Mann, RAND corporation, Saturday Night Live, Silicon Valley, trade route, WikiLeaks
A few months before, Shaykh Sa’id al-Masri had written to bin Laden and argued that al Qa’ida could not expand operations in the United States for the moment because of financial constraints, a limited number of operatives, and improved U.S. security procedures. And in a January 2010 letter to bin Laden, he and Atiyah abd al-Rahman al-Libi had warned that attempts to attack the United States might “not succeed.”4 For Zawahiri and bin Laden, the more difficult struggle, and perhaps the most important one, was still being waged across the Internet and in social media forums. But even the battle of ideas for the hearts and minds of Muslims was not going well. Al Qa’ida had lost popular support because of its resort to violence, failure to achieve any of its strategic objectives, and promulgation of a fringe ideology. The third wave was coming to an end. For the moment, Zawahiri was safe. His longtime colleague, however, was not. The end had come for Osama bin Laden. Where Have You Been? Around August 2010 the National Security Agency intercepted a cell phone call.
Ultimately, it is the National Security Council’s responsibility to appoint a lead agency and hold it responsible. These three steps—utilizing a light-footprint strategy, improving the effectiveness of regimes in countries threatened by al Qa’ida, and exploiting al Qa’ida’s tendency to kill civilians—would help ensure that no fourth wave occurs. One of the most important battlefields will be on the Internet, since the struggle against al Qa’ida and its allies remains in part a battle of ideas. Over the past decade, radicalization has become much less formal than it used to be. “Extremists are moving away from mosques to conduct their activities in private homes and premises,” a British intelligence report concluded. “We assess that radicalization increasingly occurs in private meeting places, be they closed prayer groups at mosques, self-defense classes at gyms or training camps in the UK or overseas.”16 The rise of the Internet and social media fundamentally changed terrorist activities.
anti-communist, battle of ideas, business climate, corporate governance, en.wikipedia.org, full employment, income inequality, invisible hand, liquidationism / Banker’s doctrine / the Treasury view, minimum wage unemployment, Mont Pelerin Society, new economy, old-boy network, popular capitalism, Powell Memorandum, price mechanism, profit motive, Ralph Nader, rent control, risk/return, road to serfdom, Ronald Reagan, school vouchers, shareholder value, spread of share-ownership, structural adjustment programs, The Chicago School, the market place, The Wealth of Nations by Adam Smith, Thomas L Friedman, Torches of Freedom, trade liberalization, traveling salesman, trickle-down economics, Upton Sinclair, Washington Consensus, wealth creators, young professional
The society, which continued to meet regularly, and was presided over by Hayek until 1961, enabled extreme market ideologues who might otherwise have felt isolated or alienated to come together and plot change. It was a long-term project, and Hayek warned the others that they should expect a long-term, but winnable, struggle: ‘What to the contemporary observer appears as a battle of conﬂicting interests decided by the votes of the masses,’ he said, ‘has usually been decided long before in a battle of ideas conﬁned to narrow circles.’7 The Mont Pèlerin Society was the seed that started a network of some 78 institutions. The society forged links with like-minded think tanks, corporations, governments and university economics departments, becoming the intellectual and ideological inspiration for economic fundamentalists around the world. Although the society itself has a very low proﬁle it has exercised a strong inﬂuence through its more than 500 members – who hold key positions in government, government bureaucracies and in an array of think tanks – as well as its informal networks.8 The efforts of the Mont Pèlerin Society would have come to nothing, however, had business interests not embraced their ideas and poured money into their networks and think tanks from the 1970s.
Instant City: Life and Death in Karachi by Steve Inskeep
battle of ideas, British Empire, call centre, creative destruction, Edward Glaeser, European colonialism, illegal immigration, informal economy, Jane Jacobs, Khyber Pass, Kibera, knowledge economy, Mahatma Gandhi, mass immigration, McMansion, megacity, new economy, New Urbanism, urban planning, urban renewal
His activists became known not only for their strict beliefs but also for their relative freedom from corruption. Jamaat-e-Islami gained support among Karachi’s dislocated refugees, many of whom were seeking to define their identities in this unfamiliar place, and some of whom turned more deeply to religion. In November 1955 Jamaat-e-Islami held a conference in Karachi attended by two thousand people. The streets of the capital city reflected a battle of ideas. People painted graffiti for and against the mullahs. Secularists painted slogans in English, the language of the elites, while religious parties painted graffiti in Urdu, the leading language of the refugees. Questions about religion’s role in the government affected the interminable debates over Pakistan’s constitution in Karachi, and when the basic law was finally ratified in 1956 the country would be formally named the Islamic Republic of Pakistan.
Future Files: A Brief History of the Next 50 Years by Richard Watson
Albert Einstein, bank run, banking crisis, battle of ideas, Black Swan, call centre, carbon footprint, cashless society, citizen journalism, commoditize, computer age, computer vision, congestion charging, corporate governance, corporate social responsibility, deglobalization, digital Maoism, disintermediation, epigenetics, failed state, financial innovation, Firefox, food miles, future of work, global supply chain, global village, hive mind, industrial robot, invention of the telegraph, Jaron Lanier, Jeff Bezos, knowledge economy, linked data, low skilled workers, M-Pesa, mass immigration, Northern Rock, peak oil, pensions crisis, precision agriculture, prediction markets, Ralph Nader, Ray Kurzweil, rent control, RFID, Richard Florida, self-driving car, speech recognition, telepresence, the scientific method, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Turing test, Victor Gruen, white flight, women in the workforce, Zipcar
In contrast, recent studies suggest that it is not your personal level of income that matters but your income relative to other people you Government and Politics 91 know and, even more critically, your level of income instability. In other words, while people still crave what they don’t have, it’s the fear of loss that ultimately influences elections. Twenty-five years ago things were very different. There were two opposing worldviews (market capitalism versus state socialism) and this tended to reinforce class divisions and angst, certainly in the UK and Europe. As a result, people were engaged with a battle of ideas. Nowadays there is an increasingly convergent worldview; or at least there is in the West. Am I optimistic about the future? Ultimately, yes. Nuclear war — involving the use of tactical nuclear weapons in a regional conflict, or a terrorist attack on a major city using a dirty bomb — is a serious possibility but still a remote threat. Globally, serious poverty and inequality are starting to be addressed and while there is a growing polarization between the very wealthy and the very poor, most people are becoming better off.
The Post-American World: Release 2.0 by Fareed Zakaria
affirmative action, agricultural Revolution, airport security, anti-communist, Asian financial crisis, battle of ideas, Berlin Wall, Bretton Woods, BRICs, British Empire, call centre, capital controls, central bank independence, centre right, collapse of Lehman Brothers, conceptual framework, Credit Default Swap, currency manipulation / currency intervention, delayed gratification, Deng Xiaoping, double entry bookkeeping, failed state, Fall of the Berlin Wall, financial innovation, global reserve currency, global supply chain, illegal immigration, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), knowledge economy, Mahatma Gandhi, Martin Wolf, mutually assured destruction, new economy, oil shock, open economy, out of africa, Parag Khanna, postindustrial economy, purchasing power parity, race to the bottom, reserve currency, Ronald Reagan, Silicon Valley, Silicon Valley startup, South China Sea, Steven Pinker, The Great Moderation, Thomas L Friedman, Thomas Malthus, trade route, Washington Consensus, working-age population, young professional, zero-sum game
But Washington needs to understand that generating international public support for its view of the world is a core element of power, not merely an exercise in public relations. Other countries, peoples, and groups now have access to their own narratives and networks. They will not quietly accept the version of events handed down to them. Washington will have to make its case, and persuasively. This task has gotten more difficult, but it has also become more vital. In an increasingly empowered and democratized world, in the long run, the battle of ideas is close to everything. The Bush administration never seemed to understand the practical value of legitimacy in the run-up to the Iraq War. American officials would contest the view that they were isolated by pointing to their allies in “new Europe,” Asia, and Africa—many of whom were bribed or cajoled into the coalition. And while the governments of Central Europe supported Washington, its people opposed it in almost the same numbers as in old Europe.
No Is Not Enough: Resisting Trump’s Shock Politics and Winning the World We Need by Naomi Klein
Airbnb, basic income, battle of ideas, Berlin Wall, Bernie Sanders, Brewster Kahle, Celebration, Florida, clean water, collective bargaining, Corrections Corporation of America, desegregation, Donald Trump, drone strike, Edward Snowden, Elon Musk, energy transition, financial deregulation, greed is good, high net worth, Howard Zinn, illegal immigration, income inequality, Internet Archive, late capitalism, Mark Zuckerberg, market bubble, market fundamentalism, mass incarceration, Mikhail Gorbachev, moral panic, Naomi Klein, Nate Silver, new economy, Occupy movement, offshore financial centre, oil shale / tar sands, open borders, Peter Thiel, Plutocrats, plutocrats, private military company, profit motive, race to the bottom, Ralph Nader, Ronald Reagan, Saturday Night Live, sexual politics, sharing economy, Silicon Valley, too big to fail, trade liberalization, transatlantic slave trade, transatlantic slave trade, Triangle Shirtwaist Factory, trickle-down economics, Upton Sinclair, urban decay, women in the workforce, working poor
The anger that is roiling electorates, on both the right and left sides of the political spectrum, is not only about what’s been lost. It’s also about the injustice of it all, knowing that the wrenching losses of our era are not being shared, that the Davos class were never really looking after those at the bottom of the mountain. Which means that defeating the rising pseudo-populist Right is not just a matter of electoral strategy, not just about finding the right candidates. It’s about being willing to engage in a battle of ideas—during and, more importantly, between elections—that will take on the corrosive, and deeply bipartisan, wealth-worshiping worldview that created the backlash in the first place. Unless progressives learn to speak to the legitimate rage at the grotesque levels of inequality that exist right now, the Right is going to keep winning. There is no superhero enlightened billionaire coming to save us from the villains in power.
How to Change the World: Reflections on Marx and Marxism by Eric Hobsbawm
anti-communist, banking crisis, battle of ideas, Berlin Wall, British Empire, continuation of politics by other means, creative destruction, currency manipulation / currency intervention, deindustrialization, discovery of the americas, experimental subject, Fall of the Berlin Wall, full employment, Gunnar Myrdal, labour market flexibility, liberal capitalism, market fundamentalism, mass immigration, means of production, new economy, Simon Kuznets, Thorstein Veblen, Upton Sinclair, upwardly mobile, Vilfredo Pareto, zero-sum game
Nor can we ascribe it to the developing crises of social democracy whose parties were actually ruling more European governments in the 1970s than ever before or since. With the rarest exceptions, the names most widely associated with intellectual anti-Marxism and anti-communism in the last quarter of the century were not new. Even those who denounced ‘the god that failed’ had broken with their respective communist parties before 1970. The systematic attempt of Western Cold Warriors to counter the Soviets’ ‘battle of ideas’ by Congresses of Cultural Freedom did not effectively survive the revelation of CIA financing in 1967. If anything, the retreat from Marxism was generated within the old radical left itself, not least by the clash inherent in the revolutionary versions of Marxism between automatic historical evolution and the role of revolutionary action. If historical development inevitably led to the end of capitalism, and hence, it was assumed, inevitable triumph for socialism, then there could be no decisive role for voluntary action, except when the apple was ripe enough to fall off the tree of history.
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland
activist fund / activist shareholder / activist investor, Albert Einstein, algorithmic trading, assortative mating, banking crisis, barriers to entry, Basel III, battle of ideas, Bernie Madoff, Big bang: deregulation of the City of London, Black Swan, Branko Milanovic, Bretton Woods, BRICs, business climate, call centre, carried interest, Cass Sunstein, Clayton Christensen, collapse of Lehman Brothers, commoditize, conceptual framework, corporate governance, creative destruction, credit crunch, Credit Default Swap, crony capitalism, Deng Xiaoping, don't be evil, double helix, energy security, estate planning, experimental subject, financial deregulation, financial innovation, Flash crash, Frank Gehry, Gini coefficient, global village, Goldman Sachs: Vampire Squid, Gordon Gekko, Guggenheim Bilbao, haute couture, high net worth, income inequality, invention of the steam engine, job automation, John Markoff, joint-stock company, Joseph Schumpeter, knowledge economy, knowledge worker, liberation theology, light touch regulation, linear programming, London Whale, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, Mikhail Gorbachev, Moneyball by Michael Lewis explains big data, NetJets, new economy, Occupy movement, open economy, Peter Thiel, place-making, Plutocrats, plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, postindustrial economy, Potemkin village, profit motive, purchasing power parity, race to the bottom, rent-seeking, Rod Stewart played at Stephen Schwarzman birthday party, Ronald Reagan, self-driving car, short selling, Silicon Valley, Silicon Valley startup, Simon Kuznets, Solar eclipse in 1919, sovereign wealth fund, stem cell, Steve Jobs, the new new thing, The Spirit Level, The Wealth of Nations by Adam Smith, Tony Hsieh, too big to fail, trade route, trickle-down economics, Tyler Cowen: Great Stagnation, wage slave, Washington Consensus, winner-take-all economy, zero-sum game
At that moment, Ford was the second-highest-paid CEO in America and the Ford Motor Company the country’s fourth-largest corporation by sales. In its universe, the Ford Foundation cast an even longer shadow. It was by far the nation’s biggest philanthropy; in 1954 it outspent runner-up Rockefeller fourfold and third-place Carnegie ten times over. Most important, Ford’s letter crystallized a fear that had been growing in the minds of many American businesspeople—that they were losing the national battle of ideas. Ford’s Greatest Generation had won the Second World War, and when they came home they had helped create two decades of unprecedented, and widely shared, national prosperity. But they now feared that the institutions that created the country’s intellectual and ideological weather—its universities, its foundations, and its newsrooms—had turned hostile to business and to capitalism. Irving Kristol captured what he described as this battle between “the academic and business communities” in a seminal essay he published three months after Ford’s cri de guerre.
3D printing, Airbnb, Asian financial crisis, bank run, banking crisis, barriers to entry, Basel III, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, Bretton Woods, BRICs, British Empire, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, Celtic Tiger, central bank independence, centre right, cleantech, collaborative consumption, collapse of Lehman Brothers, collective bargaining, corporate governance, creative destruction, credit crunch, Credit Default Swap, crony capitalism, currency manipulation / currency intervention, currency peg, debt deflation, Diane Coyle, Downton Abbey, Edward Glaeser, Elon Musk, en.wikipedia.org, energy transition, eurozone crisis, fear of failure, financial deregulation, first-past-the-post, forward guidance, full employment, Gini coefficient, global supply chain, Growth in a Time of Debt, hiring and firing, hydraulic fracturing, Hyman Minsky, Hyperloop, immigration reform, income inequality, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), Irish property bubble, James Dyson, Jane Jacobs, job satisfaction, Joseph Schumpeter, Kenneth Rogoff, labour market flexibility, labour mobility, liquidity trap, margin call, Martin Wolf, mittelstand, moral hazard, mortgage debt, mortgage tax deduction, North Sea oil, Northern Rock, offshore financial centre, oil shale / tar sands, oil shock, open economy, peer-to-peer rental, price stability, private sector deleveraging, pushing on a string, quantitative easing, Richard Florida, rising living standards, risk-adjusted returns, Robert Gordon, savings glut, school vouchers, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart grid, smart meter, software patent, sovereign wealth fund, Steve Jobs, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, too big to fail, total factor productivity, Tyler Cowen: Great Stagnation, working-age population, Zipcar
To make the Parliament itself more representative and legitimate, party lists should be opened up so that a wider range of candidates can contest elections. It should also make a point of passing stringent new laws to prevent parliamentarians abusing their expenses, punishing any corruption severely and thus burnishing its reputation for probity. A proper political contest and an open debate about policies would help create a genuinely European politics for the first time. It could generate a battle of ideas and help stimulate new ones. It could encourage joined-up thinking and explicit political trade-offs. It would allow coalitions that span institutions and national borders to form. It would attract media interest and work against the capture of institutions by insider lobbies. It would engage Europeans more both in the European elections and in the EU political process over the next five years, giving them both a say and a stake in what was decided.
The Establishment: And How They Get Away With It by Owen Jones
anti-communist, Asian financial crisis, bank run, battle of ideas, Big bang: deregulation of the City of London, bonus culture, Bretton Woods, British Empire, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, centre right, citizen journalism, collapse of Lehman Brothers, collective bargaining, don't be evil, Edward Snowden, Etonian, eurozone crisis, falling living standards, Francis Fukuyama: the end of history, full employment, G4S, glass ceiling, hiring and firing, housing crisis, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, James Dyson, laissez-faire capitalism, light touch regulation, market fundamentalism, mass immigration, Monroe Doctrine, Mont Pelerin Society, moral hazard, Neil Kinnock, night-watchman state, Northern Rock, Occupy movement, offshore financial centre, old-boy network, open borders, Plutocrats, plutocrats, popular capitalism, profit motive, quantitative easing, race to the bottom, rent control, road to serfdom, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, stakhanovite, statistical model, The Wealth of Nations by Adam Smith, transfer pricing, union organizing, unpaid internship, Washington Consensus, wealth creators, Winter of Discontent
Universal suffrage helped open the door for all sorts of concessions, like hiking taxes on the rich and the creation of a welfare state that provided security for all. A democratic revolution – to reclaim by peaceful means the democratic rights and power annexed by the Establishment – is long overdue. Such a revolution will only succeed by learning from the success of the Establishment. Aggressively fighting the battle of ideas has proven key to its triumph. It has never won the hearts and minds of the British people: as polls consistently show, most people are in favour of higher taxes on the rich and against running public services and utilities for profit, for example, and trust in key institutions is at an extremely low ebb. But promoting a sense of ‘there is no alternative’ – or so the unofficial slogan of the Establishment goes – has proved a tremendous ideological victory, fostering widespread acceptance and resignation, and sapping a will to resist.
air freight, Andrei Shleifer, battle of ideas, Bretton Woods, British Empire, business process, business process outsourcing, Carmen Reinhart, clean water, colonial rule, correlation does not imply causation, creative destruction, Daniel Kahneman / Amos Tversky, Deng Xiaoping, desegregation, discovery of the americas, Edward Glaeser, en.wikipedia.org, European colonialism, Francisco Pizarro, fundamental attribution error, germ theory of disease, greed is good, Gunnar Myrdal, income per capita, invisible hand, James Watt: steam engine, Jane Jacobs, John Snow's cholera map, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, M-Pesa, microcredit, Monroe Doctrine, oil shock, place-making, Ponzi scheme, risk/return, road to serfdom, Silicon Valley, Steve Jobs, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas L Friedman, urban planning, urban renewal, Washington Consensus, World Values Survey, young professional
Tyranny is increasingly unsustainable in this post-cold-war era. It is doomed to failure.”8 OUT OF CHINA The history of authoritarian development began about a century ago in China with Sun Yat-sen, Chiang Kai-shek, and the economist H. D. Fong, supported by the Rockefeller Foundation in the 1920s and 1930s, and US nation-building efforts in the 1940s, as discussed in Chapter Three. It would be fitting to conclude the story of the battle of ideas in the same place. Chen Guangcheng is a blind, self-taught lawyer from China’s province of Shangdong.9 Shangdong is the same province that the Allies ceded to Japan after World War I, provoking outrage from Sun Yat-sen and the Chinese. In 2006 Chen filed a class-action lawsuit against local officials who had forced women to undergo late-term abortions to comply with China’s one-child policy.
Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance by Ian Goldin, Chris Kutarna
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, Airbnb, Albert Einstein, AltaVista, Asian financial crisis, asset-backed security, autonomous vehicles, banking crisis, barriers to entry, battle of ideas, Berlin Wall, bioinformatics, bitcoin, Bonfire of the Vanities, clean water, collective bargaining, Colonization of Mars, Credit Default Swap, crowdsourcing, cryptocurrency, Dava Sobel, demographic dividend, Deng Xiaoping, Doha Development Round, double helix, Edward Snowden, Elon Musk, en.wikipedia.org, epigenetics, experimental economics, failed state, Fall of the Berlin Wall, financial innovation, full employment, Galaxy Zoo, global supply chain, Hyperloop, immigration reform, income inequality, indoor plumbing, industrial cluster, industrial robot, information retrieval, Intergovernmental Panel on Climate Change (IPCC), intermodal, Internet of things, invention of the printing press, Isaac Newton, Islamic Golden Age, Khan Academy, Kickstarter, labour market flexibility, low cost carrier, low skilled workers, Lyft, Malacca Straits, mass immigration, megacity, Mikhail Gorbachev, moral hazard, Network effects, New Urbanism, non-tariff barriers, Occupy movement, On the Revolutions of the Heavenly Spheres, open economy, Panamax, Pearl River Delta, personalized medicine, Peter Thiel, post-Panamax, profit motive, rent-seeking, reshoring, Robert Gordon, Robert Metcalfe, Search for Extraterrestrial Intelligence, Second Machine Age, self-driving car, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart grid, Snapchat, special economic zone, spice trade, statistical model, Stephen Hawking, Steve Jobs, Stuxnet, TaskRabbit, The Future of Employment, too big to fail, trade liberalization, trade route, transaction costs, transatlantic slave trade, uranium enrichment, We are the 99%, We wanted flying cars, instead we got 140 characters, working poor, working-age population, zero day
Once the fire of revolt breaks out, starving it of fuel takes political, social and economic actions as much as military ones, to start fulfilling citizens’ legitimate expectations for a greater dose of opportunity and dignity. Unfortunately, as Savonarola’s death suggests, such outcomes are elusive. An Islamic Renaissance? Stamping out revolt also takes new ideas—and on this front, the future looks brighter. The contest between moderate and extremist modernities is ultimately a battle of ideas, and while the Islamic State’s recent military successes have often been decisive, in the campaign for the hearts and minds of the Arab world, their gains are far less certain. Ambiguity reigns, especially among young people (upon whose willingness to break things and upset order, extremist movements from Savonarola to the present day heavily depend). Social media betrays growing numbers of Arab youth who are angry or disgusted with the way ISIS has twisted Islam to legitimize campaigns of death and destruction.
The Euro: How a Common Currency Threatens the Future of Europe by Joseph E. Stiglitz, Alex Hyde-White
bank run, banking crisis, barriers to entry, battle of ideas, Berlin Wall, Bretton Woods, capital controls, Carmen Reinhart, cashless society, central bank independence, centre right, cognitive dissonance, collapse of Lehman Brothers, collective bargaining, corporate governance, correlation does not imply causation, credit crunch, Credit Default Swap, currency peg, dark matter, David Ricardo: comparative advantage, disintermediation, diversified portfolio, eurozone crisis, Fall of the Berlin Wall, fiat currency, financial innovation, full employment, George Akerlof, Gini coefficient, global supply chain, Growth in a Time of Debt, housing crisis, income inequality, incomplete markets, inflation targeting, information asymmetry, investor state dispute settlement, invisible hand, Kenneth Arrow, Kenneth Rogoff, knowledge economy, labour market flexibility, labour mobility, light touch regulation, manufacturing employment, market bubble, market friction, market fundamentalism, Martin Wolf, Mexican peso crisis / tequila crisis, money market fund, moral hazard, mortgage debt, neoliberal agenda, new economy, open economy, paradox of thrift, pension reform, pensions crisis, price stability, profit maximization, purchasing power parity, quantitative easing, race to the bottom, risk-adjusted returns, Robert Gordon, Robert Shiller, Robert Shiller, Ronald Reagan, savings glut, secular stagnation, Silicon Valley, sovereign wealth fund, the payments system, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, transfer pricing, trickle-down economics, Washington Consensus, working-age population
I have elsewhere described the policies that dominated the development discourse, called the Washington Consensus policies, and shaped the conditions imposed on developing countries.10 This book is about how these same ideas shaped what was viewed as the next step in the tremendously important project of European integration, the sharing of a common currency—and derailed it. Today, the same battle of ideas is being fought in myriad skirmishes. Indeed, in some cases, even the arguments and evidence presented are fundamentally the same. The austerity battle in Europe is akin to that in the United States, where conservatives have attempted to downsize government spending, including for badly needed infrastructure, even while unemployment remains high and resources remain idle. The fights over the right budgetary framework in Europe are akin to those that I was immersed in with the IMF during my tenure at the World Bank.
3D printing, Ada Lovelace, agricultural Revolution, Airbnb, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, anthropic principle, Asperger Syndrome, autonomous vehicles, barriers to entry, battle of ideas, Berlin Wall, bioinformatics, British Empire, business process, carbon-based life, cellular automata, Claude Shannon: information theory, combinatorial explosion, complexity theory, continuous integration, Conway's Game of Life, cosmological principle, dark matter, dematerialisation, double helix, Douglas Hofstadter, Edward Snowden, epigenetics, Flash crash, Google Glasses, Gödel, Escher, Bach, income inequality, index card, industrial robot, Internet of things, invention of agriculture, invention of the steam engine, invisible hand, Isaac Newton, Jacquard loom, Jacquard loom, Jacques de Vaucanson, James Watt: steam engine, job automation, John von Neumann, Joseph-Marie Jacquard, liberal capitalism, lifelogging, millennium bug, Moravec's paradox, natural language processing, Norbert Wiener, off grid, On the Economy of Machinery and Manufactures, packet switching, pattern recognition, Paul Erdős, post-industrial society, prediction markets, Ray Kurzweil, Rodney Brooks, Second Machine Age, self-driving car, Silicon Valley, speech recognition, stem cell, Stephen Hawking, Steven Pinker, strong AI, technological singularity, The Coming Technological Singularity, The Future of Employment, the scientific method, theory of mind, Turing complete, Turing machine, Turing test, Tyler Cowen: Great Stagnation, Vernor Vinge, Von Neumann architecture, Watson beat the top human players on Jeopardy!, Y2K
Ever since British mathematician Alan Turing wrote his seminal paper on machines imitating humans, various camps in computer science, robotics and Artificial Intelligence have been demarcated by the dichotomy between materialism and idealism. We cannot possibly gain insight into Artificial Intelligence, and its potential to change our world and our civilisation, unless we understand the centrifugal ideas that dominate it. To decide what to trust and what to reject, we must begin with the foundations of Western philosophical thought, and follow them all the way to today’s ferocious battles of ideas about the mind. Time to board our imaginary time machine, turn its clock back around twenty-five centuries, and take a trip to Athens …. 7 A BLUEPRINT FOR A UNIVERSE Plato was twenty-three years old in 404 BC when Athens lost the long war to Sparta. It was the last chapter of a disastrous struggle for supremacy that had lasted for almost three decades. The victors placed a garrison on the Acropolis, then quashed Athenian democracy and replaced it with an oligarchy of thirty select aristocrats.
Red Rabbit by Tom Clancy, Scott Brick
We cannot do the impossible, Misha, but—" "But what is impossible for this agency of the Soviet state?" A rhetorical question with a bloody answer. And a dangerous one, more dangerous than this academician realized. How alike they were, the KGB Chairman realized. This one, comfortably sipping his brown Starka, believed absolutely in an ideology that could not be proven. And he desired the death of a man who also believed things that could not be proved. What a curious state of affairs. A battle of ideas, both sets of which feared the other. Feared? What did Karol fear? Not death, certainly. His letter to Warsaw proclaimed that without words. Indeed, he cried aloud for death. He sought martyrship. Why would a man seek that? the Chairman wondered briefly. To use his life or death as a weapon against his enemy. Surely he regarded both Russia and communism as enemies, one for nationalistic reasons, the other for reasons of his religious conviction… But did he fear that enemy?
affirmative action, anti-communist, banking crisis, battle of ideas, Boycotts of Israel, Bretton Woods, British Empire, capital controls, central bank independence, Chelsea Manning, colonial exploitation, colonial rule, corporate social responsibility, credit crunch, cuban missile crisis, Deng Xiaoping, drone strike, Edward Snowden, energy security, energy transition, European colonialism, eurozone crisis, experimental subject, F. W. de Klerk, facts on the ground, failed state, financial innovation, Food sovereignty, Francis Fukuyama: the end of history, full employment, future of journalism, high net worth, invisible hand, Julian Assange, liberal world order, Mikhail Gorbachev, millennium bug, Mohammed Bouazizi, Monroe Doctrine, Naomi Klein, Northern Rock, Philip Mirowski, RAND corporation, Ronald Reagan, Silicon Valley, South China Sea, statistical model, structural adjustment programs, too big to fail, trade liberalization, trade route, UNCLOS, UNCLOS, uranium enrichment, Washington Consensus, WikiLeaks, zero-sum game, éminence grise
. … From posts’ perspectives, there are six main areas of action for the USG as it seeks to limit Chavez’s influence: •Know the enemy: We have to better understand how Chavez thinks and what he intends; •Directly engage: We must reassert our presence in the region, and engage broadly, especially with the “non-elites”; •Change the political landscape: We should offer a vision of hope and back it up with adequately-funded programs; •Enhance military relationships: We should continue to strengthen ties to those military leaders in the region who share our concern over Chavez; •Play to our strength: We must emphasize that democracy, and a free trade approach that includes corporate social responsibility, provides lasting solutions; •Get the message out: Public diplomacy is key; this is a battle of ideas and visions. Septel provides detailed suggestions. [07ASUNCION396] A second follow-up cable goes further into the specifics of how to keep Venezuela from deepening its relations with the countries of South America’s southern cone. The cable discusses pressuring governments belonging to the regional trade organization Mercosur in an effort to block Venezuela’s entry into the group: 9. (C) With regard to Mercosur, we should not be timid in stating that Venezuela’s membership will torpedo US interest in even considering direct negotiations with the trading bloc, and in questioning when and how Mercosur plans to apply its democracy clause strictures to Chavez’s regime.
Free Speech: Ten Principles for a Connected World by Timothy Garton Ash
A Declaration of the Independence of Cyberspace, Affordable Care Act / Obamacare, Andrew Keen, Apple II, Ayatollah Khomeini, battle of ideas, Berlin Wall, bitcoin, British Empire, Cass Sunstein, Chelsea Manning, citizen journalism, Clapham omnibus, colonial rule, crowdsourcing, David Attenborough, don't be evil, Donald Davies, Douglas Engelbart, Edward Snowden, Etonian, European colonialism, eurozone crisis, failed state, Fall of the Berlin Wall, Ferguson, Missouri, Filter Bubble, financial independence, Firefox, Galaxy Zoo, George Santayana, global village, index card, Internet Archive, invention of movable type, invention of writing, Jaron Lanier, jimmy wales, John Markoff, Julian Assange, Mark Zuckerberg, Marshall McLuhan, mass immigration, megacity, mutually assured destruction, national security letter, Netflix Prize, Nicholas Carr, obamacare, Peace of Westphalia, Peter Thiel, pre–internet, profit motive, RAND corporation, Ray Kurzweil, Ronald Reagan, semantic web, Silicon Valley, Simon Singh, Snapchat, social graph, Stephen Hawking, Steve Jobs, Steve Wozniak, The Death and Life of Great American Cities, The Wisdom of Crowds, Turing test, We are Anonymous. We are Legion, WikiLeaks, World Values Survey, Yom Kippur War
In San Francisco, Sydney, Toronto, Berlin and London we have the opposite need: not to hear, yet again, the classic Western case for free speech, and the familiar disagreements about subjects like hate speech, but to listen, perhaps for the first time, to Confucian, Buddhist, Islamic, Indian, Chinese and Burmese perspectives on the subject. Next to a willingness to listen and not just to preach, there need to be platforms on which the exchange of information and the battle of ideas can take place. We must also provide adequate translation to overcome the linguistic frontiers that persist on the internet, even as it erodes—though it does not demolish—political frontiers. Both of these things freespeechdebate.com attempts to offer, as do websites like TED, with its impressive array of volunteer translators. But the challenge does not stop there. What about those foundational differences?
The Dreaming Void by Peter F. Hamilton
The multiple interstices propagated through quantum fields with the tenacity and fragile beauty of a nebula, an edifice forever shifting in tandem with the whims of its creators. It was no longer machine or even artificial life; it had become alive. What it might evolve into was the subject of considerable and obsessive internal debate. The factions were not openly at war over ANA’s ultimate configuration, but it was a vicious battle of ideas. Gore had not been entirely truthful when he had claimed to be a Conservative. He did support the idea of maintaining the status quo, but only because he felt the other, more extreme factions were being far too hasty in offering their solutions. Apart from the Dividers, of course, who wanted ANA to fission into as many parts as there were factions, allowing each to go its own way. He did not agree with them, either; what he wanted was more time and more information.
The Dream Machine: J.C.R. Licklider and the Revolution That Made Computing Personal by M. Mitchell Waldrop
Ada Lovelace, air freight, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, anti-communist, Apple II, battle of ideas, Berlin Wall, Bill Duvall, Bill Gates: Altair 8800, Byte Shop, Claude Shannon: information theory, computer age, conceptual framework, cuban missile crisis, Donald Davies, double helix, Douglas Engelbart, Douglas Engelbart, Dynabook, experimental subject, fault tolerance, Frederick Winslow Taylor, friendly fire, From Mathematics to the Technologies of Life and Death, Haight Ashbury, Howard Rheingold, information retrieval, invisible hand, Isaac Newton, James Watt: steam engine, Jeff Rulifson, John von Neumann, Leonard Kleinrock, Marc Andreessen, Menlo Park, New Journalism, Norbert Wiener, packet switching, pink-collar, popular electronics, RAND corporation, RFC: Request For Comment, Robert Metcalfe, Silicon Valley, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, Turing machine, Turing test, Vannevar Bush, Von Neumann architecture, Wiener process, zero-sum game
Logic, computability, high-speed electronics, stored programs, neural networks, the physical embodiment of purpose-J. C. R. Licklider ate it all up, with gusto. Indeed, Norbert Wiener's Tuesday-night supper seminar was the high point of his week in those postwar years. Lick and the rest of the Psycho-Acoustics Lab contingent would hang around long after the plates were cleared away, jumping from table to table and happily fighting the battle of ideas with forty or fifty of their contemporaries from all over Cambridge. They would keep it up as they drove back to Harvard, arguing the fine points with one another in the car. And when he finally got back home to Louise, Lick would stilJ be floating high, his blue eyes bright with intellectual intoxication. It was an intoxicating time for everyone, really, especially with the almost ex- plosive release of tension and anxiety that had accompanied the end of the war.
Karl Marx: Greatness and Illusion by Gareth Stedman Jones
anti-communist, battle of ideas, Berlin Wall, British Empire, colonial rule, Corn Laws, deindustrialization, Fall of the Berlin Wall, feminist movement, fixed income, joint-stock company, land reform, land tenure, means of production, New Journalism, New Urbanism, night-watchman state, On the Economy of Machinery and Manufactures, The Wealth of Nations by Adam Smith, trade liberalization, unemployed young men, wage slave
‘In a true state, there is no landed property, no industry, no material thing, which as a crude element of this kind could make a bargain with the state; in it there are only spiritual forces, and only in their state forms of resurrection in their political rebirth, are these natural forces entitled to a voice in the state … The state’, he went on, ‘pervades the whole of nature with spiritual nerves’, and at every point, what was to be apparent was ‘not matter, but form … not the unfree object’ but the ‘free human being’.92 Young Hegelianism had grown out of the battle of ideas following the publication of David Strauss’s Life of Jesus in 1835. By 1842, Karl’s republicanism was one variant of a common position shared by the Bauer brothers, Ruge and Feuerbach. As the Rheinische Zeitung articles testify, it was a political position remote from the arguments of Hegel himself. The main area of contention concerned the distinction, made in Hegel’s Philosophy of Right, between the ‘state’ and ‘civil society’.