Minsky on government-guaranteed employment

As recently as March 5th, The Economist published an article entitled: A recession is unlikely but not impossible

The April 18th issue reports: “On April 14th the IMF warned that the global recession would be the deepest for the best part of a century.”

I can’t find my note about it, but somewhere I recorded that a particular figure recommended that their staff read Hyman Minsky’s Stabilizing an Unstable Economy, which I have added to my non-thesis reading collection. It is somewhat difficult going as I am not especially well grounded in economic theory and terminology. Still, the central ideas seem accessible and somewhat surprising, especially the argument that governments should act as employers of last resort. Once I get through it, perhaps I will get the chance to ask Hugh Segal about how that approach compares with his preferred option of a universal basic income. Minsky argues:

Social justice rests on individual dignity and independence from both private and political power centers. Dignity and independence are best served by an economic order in which income is received either by right or through a fair exchange. Compensation for work performed should be the major source of income for all. Permanent dependence on expending systems of transfer payments that have not been earned is demeaning to the recipient and destructive of the social fabric. Social justice and individual liberty demand interventions to create an economy of opportunity in which everyone, except the severely handicapped, earns his or her way through the exchange of income for work. Full employment is a social as well as an economic good. (p. 10)

I can already see some of the appeal in government guaranteeing decent employment to anyone who requests it, since it would establish a floor for what private employers could demand in terms of working conditions. If nobody was forced to seek work through private job markets it would be helpful both in times of economic crisis when unemployment becomes extreme and at normal times, when the greater power of employers over employees may drive the latter to accept unacceptable working conditions or illegally low wages. Especially with the degree to which labour unions have become enfeebled, having the government offer acceptable alternative employment to anyone who wants it could play an important role in rebalancing power toward employees and avoiding labour exploitation.

Harris on wilderness

Besides, the historian William Cronon argues that there is nothing “natural” about wilderness, that it is a deeply human construct, “the creation of very particular human cultures at very particular moments in human history.” Though I might be appalled by Marco Polo’s failure to swoon at mountains and deserts along the Silk Road, wilderness in his day implied all that was dark and devilish beyond the garden walls. The fact that I’m charmed by the shifting sands of the Taklamakan Desert and the breathtaking expanse of the Tibetan Plateau doesn’t mean I’m more enlightened than Polo, more capable of wonder. It means I hail from a day and age—and a country and culture—so privileged, so assiduously comfortable, that risk and hardship hold rapturous appeal.

It probably also means I read too much Thoreau as a teenager. “In wildness is the preservation of the world,” he wrote, priming me to pine after places as far away from Ballinafad as possible, like Tibet and Mars. Provoking such distant wanderlust was hardly Thoreau’s fault or intention—he himself never travelled beyond North America—but I enthusiastically misread him, conflating wildness with wilderness, substituting a type of place for a state of mind. Cronon finds the whole concept of wilderness troubling for how, among other things, it applied almost exclusively to remote, unpopulated landscapes, fetishizing the exotic at the expense of the everyday, as though nature exists only where humans are not. This language sets up a potentially insidious dualism, for if people see themselves as distinct and separate from the natural world, they believe they risk nothing in destroying it. What Thoreau was really saying was that he’d travelled wildly in Concord, that you can travel wildly just about anywhere. The wildness of a place or experience isn’t in the place or experience, necessarily, but in you—your capacity to see it, feel it. In that sense, biking the Silk Road is an exercise in calibration. Anyone can recognize wildness on the Tibetan Plateau; the challenge is perceiving it in a roadside picnic area in Azerbaijan.

Harris, Kate. Lands of Lost Borders: A Journey on the Silk Road. Alfred A. Knopf Canada. 2018. p. 149–50 (italics in original)

SpaceX and US crewed launch capability

Since STS-135 in 2011 and the retirement of the Space Shuttle, the only way for human beings to reach orbit has been a Soyuz launch from Baikonur. On May 27th, SpaceX is scheduled to launch the first crew from the US in nine years.

There are good reasons to be skeptical about human spaceflight (especially by useless space tourists, or ballastronauts), but there is something useful and unifying about the International Space Station as a science platform and humanity’s only effort at a permanent human settlement off the Earth.

Venezuelan naval might

The Economist reports:

A Venezuelan naval patrol vessel fired on an unarmed Portuguese-flagged cruise ship, the RCGS Resolute, which it claimed was in its waters. Columbia Cruise Services said the holiday craft, hardened to withstand polar ice, was rammed by the Venezuelan vessel, which then sank. All 44 Venezuelan sailors were rescued. Their commanders congratulated them on their “impeccable performance”.

In their longer article (which calls this “the first decisive naval skirmish in the Caribbean for 75 years”) they note:

The Bolivarian navy insisted that its gallant sailors put in an “impeccable performance” against the unarmed cruise ship, presumably by sinking with particular panache. The navy darkly added that the Resolute, which boasts a jacuzzi and sauna, might have been carrying mercenary commandos to attack Venezuelan bases. As evidence, it pointed to nefarious inflatable boats on its deck.

Since nobody was hurt, it seems fair to see this incident as mainly comic. This thread about “a smallish cruise liner specialising in penguin-bothering, stopped to repair her engines in international waters” is also amusing.