I
thought this book would be more of social analysis, but I think it falls more
into the self-help category. Manson talks about various dilemmas we find ourselves
in but it’s hard to find a unifying theme in the book. Some things I did like,
though, were his points about how happiness should not be our goal in life. Happiness
is a temporary state and you can’t go through life trying to maximize your joy
at all times. What is more important is fulfilling your duties to others. He
also points out the difference between variety and freedom. If one person has 2
cereal options and another has 100. The person with 100 does not have more
freedom, she has more variety. Freedom isn’t how many choices you have, but
rather your ability to make a choice without being forced to do anything by anyone
or anything else. Manson has good lessons in the book, but I would have been
more interested in what he has to say about broader unhappiness in developed
countries. He touches on this on a “micro” level. He discusses how variety
doesn’t improve our lives and how we’ll always just look for more problems once
our problems are solved, but I didn’t feel like I got any real solutions out of
the book.
Sunday, February 2, 2020
Saturday, February 1, 2020
Reflection on The Law of the Land: A Grand Tour of Our Constitutional Republic by Akhil Reed Amar
This
book is the third in a long series that Amar is writing about the constitution
using different perspectives. I didn’t realize that until he mentioned it at
the end of this book, when I found out that the one other book I had read by
him was the first in the series. This book starts each chapter by discussing
one state’s connection with a constitutional concept and explores a lot of different
ideas that have been debated in our country’s nearly 250-year history. It was
pretty cool, though not as engaging as the first book in the series. I found
myself a little bored with it by the end. My problem is that the book lacked
any central, unifying theme. It covered lots of different aspects of
constitutional law, but quickly changed subject every 20-odd pages, making it
hard to follow and really get into. I think I’ll give it four out of five stars,
but I didn’t enjoy it as much as I thought I would. I will still be interested
in reading more of Amar’s work though. He writes with a lot of clarity.
Thursday, January 30, 2020
Reflection on Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou
This
book is a thrilling account of the lies of Elizabeth Holmes. Holmes dropped out
of Stanford at 19 years old to create a company (Theranos) that would invent
blood testing devices the size of a phone that would only require a fingerprick
of blood rather than an intravenous needle. If it sounds too good to be true,
that’s because it is. The technology wasn’t there. Despite that, Elizabeth Holmes
allowed whatever sort of complex she has to pus her into bigger and bigger lies
about her company until it all came crashing down in 2016. This book is a
really exciting and detailed account of her attempts to cover up her lies, silence
her critics, and swindle multi-millionaires and multinational companies out of
hundreds of millions of dollars.
Holmes
was able to fool a lot of people through various techniques. She imposed
intense security regulations on the company, hiring bodyguards and forcing
employees to sign Non-Disclosure Agreements. While this was seemingly to hide
the incredible technology that she had as a trade secret, it was actually to
hide the lack of technology and that her multi-billion-dollar company was based
on nothing at all. During demonstrations, Theranos would place the finger-stick
sample of the visiting VIP in their “miniLab,” wait until they left the room, and
then take the sample out to run on a modified commercial analyzer. While
Tharons claimed they could use blood from finger-pricks, they needed blood
drawn intravenously. While they said that they could do dozens of tests at
once, they could only do a few and needed to do them separately. Their lies
cost their partners, Safeway and Walgreens, millions of dollars.
The book
is really thrilling, especially the last few chapters when the author starts to
tell the story of how he met all the people involved in the scandal. The book
tells the tale of Theranos through the perspective of employees who quit or were
fired and it’s interesting how they all had pieces of information but needed
somebody like Carreyrou to put it all together. Seen individually, it was
unclear, but when Carreyrou viewed the whole picture from afar, it came into
focus.
Miscellaneous:
- Something I’ve been trying to think of lately is how to describe the importance of patience. I know that patience is a virtue and my gut always told me it was good, but I couldn’t describe it until I read this passage in the book: “Arnav Khannah, a young mechanical engineer who worked on the miniLab, figured out a surefire way to get Sunny off his back: answer his emails with a reply longer than five hundred words. That usually bought him several weeks of peace because Sunny simply didn’t have the patience to read long emails.” There’s a great example of how an impatient manager can be bad for business.
- One astounding thing is that Rupert Murdoch, who invested in Theranos, was able to take the $150 million he invested as a tax write-off. How the fuck is it possible that you can invest all that money, lose it, and still end up fine? Doesn’t that just encourage people to make bad investments?
Wednesday, January 29, 2020
Reflection on The World of Ice and Fire: The Untold History of Westeros and The Game of Thrones by George R.R. Martin, Elio M. GarcĂa Jr., Linda Antonsson
Now here’s
a really cool book that tells the history of Planetos as it is known to the
maesters of Oldtown. I loved the illustrations and the descriptions of the
faraway lands in Essos. I only wish there was more. The book does a whole
history of the world and a history of the Targaryens. It also details the
histories of the major regions that make up the Seven Kingdoms. The book fills
in a lot of gaps and I really enjoyed it. I would recommend to any fan of the A
Song of Ice and Fire series.
Tuesday, January 28, 2020
Reflection on American Caesar: Douglas MacArthur 1880-1964 by William Manchester
I wanted
to read this book because I really enjoyed Manchester’s biography of Churchill.
While American Caesar is not as well written, it shares some very
interesting thematic similarities. Both books are about men of the West born at
the end of the Victorian Age and dying in the Atomic Age. Both men were meant
to fight the Manichean struggle of World War Two and both saw themselves as
extremely important in the history of the world from a young age. They both became
disillusioned with war in their elder years and both dreamed of ending it. They
both hated Communism. Both men were patricians, raised to see themselves as
above all others, a trait that would have important effects on their leadership
abilities.
One
interesting facet of MacArthur’s reputation is that he was hated by his own
troops but loved by American civilians and foreigners. His own soldiers called
him “Dugout Doug,” but the author argues that MacArthur was anything but the
type of general who liked to stay away from the fighting. While he kept himself
comfortable behind the lines, MacArthur frequently sought out danger and
exposed himself to enemy fire countless times—this book references at least a
dozen. Only once though did MacArthur truly think he would die, and it was when
the Japanese seized Bataan with him and his family close by on Corregidor Island.
He was sure that they were all dead until FDR ordered him back to Australia.
MacArthur
was a great general due to his “leapfrogging” technique. Rather than hitting
every Japanese bastion so as not to leave enemy fortresses in his rear.
MacArthur skipped all that he could, frustrating well-trained Japanese troops
who wanted to see combat and cutting off their supply lines. By doing this, he
achieved the lowest rates of casualties of any general in the war. In the
Southwest Pacific, MacArthur advanced nearly two thousand miles in two years
and did eleven hundred of them in two months.
Something
interesting about MacArthur was that he was very liberal. Like Churchill, this
did not come out of any identification with common people, but due to his
patrician upbringing that commanded a sense of noblesse oblige. Entering
Manila, MacArthur could have shut off the roads to civilian traffic to speed up
military vehicles but chose not to, saying that, “Before I interfere with the
civilian population, so hard hit by the horrors of war, things will have to be
a lot worse for us.” MacArthur also expressed sympathy for the Hukbalahaps, who
dispossessed landlords and created agrarian soviets in central Luzon. He said
that, “I haven’t got the heart to dispossess them. If I worked in those sugar
fields I’d probably be a Huk myself.” He opposed discrimination by whites against
the local Filipinos and was remarkably anti-racist for a white man of his time.
As the dictator of Japan after the war, MacArthur gave women the vote, legalized
divorce, dismantled the war industry, held free elections, formed labor unions,
and opened all schools without any restrictions on instruction except that they
must eliminate military indoctrination and add civics classes. The General also
banned American troops from eating Japanese food and canceled martial law. He
exhibited tremendous generosity and clemency. The Filipinos and Japanese loved
MacArthur immensely and probably even more than the American people.
MacArthur
was dismissed for being openly insubordinate to Truman in the Korean War,
attempting to escalate the war when Truman wanted to deescalate to a stalemate.
MacArthur’s firm belief was that wars are made to be won and that the USA
should have launched an invasion of China. He was recalled but remembered by
Americans as one of the greatest public figures of all time.
Miscellaneous Facts:
- MacArthur’s father, who had a Medal of Honor. Desired above all else to have died at the head of his regiment. He got his wish when he was giving a speech to them 50 years after the Civil War when he collapsed and died at their reunion.
- MacArthur was hazed hard at West Point. Southern cadets had him freeze still and recite his father’s Civil War record and then beat him so hard that he had a seizure. “During a lull in his spasms he asked his tentmate… to put a blanket under his feet” to keep his movements quiet and another in his mouth for his outcries.
- MacArthur was a model West Point cadet, finishing first in his class with the third highest points ever achieved at West Point.
- MacArthur did not have a lot of toxic masculinity in him—he let his son dress as a ballerina and a princess as a child.
- Manila was the second hardest hit allied city in the war after Warsaw. Manchester writes that, “seventy percent of the utilities, 75 percent of the factories, 80 percent of the southern residential district, and 100 percent of the business district were razed. Nearly 100,000 Filipinos were murdered by the Japanese.
- MacArthur’s land campaign in the Philippines was a work of genius, taking 17 American divisions against 23 Japanese and coming out losing only 820 men to Japan’s 21,000 losses.
- These are the author’s word’s, not MacArthur’s, but I like how he tries to describe MacArthur’s attitude: “…a gentleman did not look upon women as inferiors. To do so was, by definition, ungentlemanly. It was more; it was, he told those who disagreed with him, sacrilegious. Women, like men, had souls. Therefore they should be treated equally.”
- MacArthur also had a genius-level campaign in Korea, where he defeated 30-40,000 North Koreans in a daring surprise landing at Inchon at a cost of only 536 dead and 2,550 wounded to American forces.
Friday, January 17, 2020
Reflection on Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapschott
I feel
like this was a weird book for me to read. At times I liked it, was bored by
it, hated it, and loved it. It was really a roller coaster ride because it does
a lot. This book tells the life stories of Keynes and Hayek. It explains their
work and economic theories. It analyzes their legacies. Lastly, it covers
modern economics and politics through the lens of their conflict. I come away
with the perspective that these were two great men, both very smart. I would
only call Keynes a genius, but both were extremely wise. The fundamental
concerns they dealt with were political as well as economic, since they argued
over the role of the government in the economy.
Before I
get into the substance of the ideas that each man had, it is interesting to
note that Keynes and Hayek had an interesting relationship. Hayek was younger
and looked up to Keynes before developing different economic ideas, as Keynes
was one of a few who argued that the indemnities placed by the victors of WWI
on the losers were too high, an appealing message to Austrians like Hayek.
After a long period of disrespect and argument in the 1930’s, the two
eventually had a truce on a personal level, though their followers would still
duke it out. The two men still argued with one another but forged a deeper
respect and even guarded university buildings from firebombs together during
the Blitz.
The motivations
of each of the great economists were different and led to different thinking.
While Keynes was an economist to apply solutions to peoples’ lives, Hayek was
much more interested in economic theory for its own sake. This reasonably led
to the development of macroeconomics from Keynesian theory and microeconomics
from Hayekian theory. It’s also probably the reason that libertarians in the
vein of Hayek (and Milton Friedman) tend to be more idealistic and utopian in
their ideas. Some argue that they’re even religious. It’s because Hayekian
thinkers/libertarians are really not thinking about the world as it is, but rather
as it could be. Keynes used an analogy that’s informative. The following idea
is ugly and a sort of “so-stupid-it-just-might-work” strategy that is useful in
the real world, but could never conform to Hayek’s ideals about how an economy should
run. The author of the book writes, quoting Keynes:
“If the Treasury were to fill old
bottles with banknotes, bury them at suitable depths in disused coalmines which
are then filled up to the surface with town rubbish, and leave it to private
enterprise on well-tried principles of laissez-faire to dig the notes up
again,” he wrote, “there need be no more unemployment and, with the help of the
repercussions, the real income of the community, and its capital wealth also,
would probably become a good deal greater than it actually is. It would,
indeed, be more sensible to build houses and the like; but if there are
political and practical difficulties in the way of this, the above would be
better than nothing.” To emphasize how a commonsense grasp of economics
differed from how economics worked in real life, he repeated his ominous
conclusion that “just as wars have been the only form of large-scale loan
expenditure which statesmen have thought justifiable, so gold-mining is the
only pretext for digging holes in the ground which has recommended itself to
bankers as sound finance.”
One
reflection I’ve had while reading this book (which is not an original thought)
is that economics is politics. When you think about other sciences, biologists,
geologists, and mathematicians get into their fields to discover truths.
Economists generally don’t. They usually have some sort of preconceived
political idea or allegiance that they seek to prove. I am not saying this is
everybody, but the field is so tied into politics that I really can’t see it any
other way. Hayek’s political observations, which Keynes generally agreed with,
are in my opinion his wisest ideas. Hayek’s primary concern with government spending
is not to dispute that it will have positive effects on the lives of ordinary
people. Rather, as an Austrian in self-imposed exile, he identified a serious
negative impact of the increased power of the state that is caused by its
increased spending: totalitarianism. Being from Austria, a country trapped
between Hitler and Stalin, it was clear for him to see how a strong and
powerful state could be used for evil. To me, the most critical facet of that
state is then its connection to democracy. The Road to Serfdom is a
product of its times in alleging that high government spending leads to
tyranny. That correlation has been mixed up in modern Europe, where
non-tyrannical, democratic states spend more than ever before. So long as the
state adheres to the rule of law and the will of the people, tyranny is avoidable.
A strong state is just a tool that
can be used for good or for evil, and if it is tied to a free and fair
democracy where one person equals one vote, it should act in the interest or at
least the desires of a majority of its people. The popular approach posed by
followers of Hayek and “the enemies of big government” is to reduce the size of
the state so that none can wield that tremendous power. If this could be done
in the utopian way that libertarians dream of, such that democracy and
representative government could be preserved, I would support it. However, I
think this is an idea that’s better on paper than in reality. Because a weaker
state cannot regulate the economy, I think that markets move towards monopoly.
With no power to break up these monopolies, the power of the state is no longer
the relative power that can produce oppression. After all, what libertarians
often fail to acknowledge is that the state is not the only source of
oppression. Instead, the natural tendency is for corporations or wealthy elites
to take power, hijack the state, and diminish the power of the majority of
non-rich people. This leads to the opposite of the other utopian dream-world:
communism. While the communist utopia ends in a massive and oppressive state,
the libertarian utopia ends in massive and oppressive corporations. Tyranny can
further be imposed from outside in the failed libertarian utopia since other
states that are stronger could enter such a fractured country and conquer it.
The author
is kind of unclear on who’s side he is on throughout most of the book, but in
the final chapters, he shows that he is clearly a Keynesian in most respects.
At the very least, he has strong condemnation for the neoliberal consensus that
is represented by the economic policies of Reagan, Thatcher, Bush Senior, and
Clinton. Woohoo, I’m just reading more books by authors who agree with me. But
that said, these facts are damning. Wapschott writes that “public debt grew
from a third of GDP in 1980 to more than half of GDP by the end of 1988, from
$900 billion to $2.8 trillion.” He writes that Reagan entered office when
America was the world’s largest creditor and left us the world’s largest
debtor. The irony is that that was just Keynesianism for the rich. For all the
talk of reducing the size of government, Reagan just cut taxes on the rich and
moved money from social welfare programs to military spending. That has been
the modus operandi of the Republican Party ever since. Nobel Prize-winner
Robert Lucas was once quoted as saying that, “Everyone’s a Keynesian in a
foxhole.” It has special application to Republicans, especially Reagan and Bush
Junior, who despite entering office with Hayekian ideals, almost immediately
abandoned them when the going got tough. It is easy to be a utopian until you
actually have responsibility for the economy.
Miscellaneous Facts:
- Both Friedrich Hayek and Ludwig Von Mises were inhibited by their poor English, though Hayek was at least understandable and much better than his mentor Von Mises, who failed to impact the English-speaking world as much as his student.
- John Kenneth Galbraith summed up his interpretation of supply-siders’ arguments: “The poor do not work because they have too much income; the rich do not work because they do not have enough income. You expand and revitalize the economy by giving the poor less, the rich more.”
Wednesday, January 8, 2020
Reflection on The Last Lion Volume 3 by William Manchester and Paul Reid
I’m not
really going to do a reflection on this one because I’ve been
busy/procrastinating for a while and I just wanna read new things. Overall it
was good, though probably the worst of the three volumes. I have one real reflection
in that it’s interesting how aristocratic types like Churchill tend to believe
more in the social safety net than pure middle-class or upper middle-class capitalists.
I think people of aristocratic lineage see themselves as having a lofty
responsibility over “the realm,” and I think that leads to interesting
political decisions.
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