Tag: Malcolm Gladwell

The blame game

A retrospective muse about the present global challenges.

A few days back I posted an article by Tom Engelhardt called The Great American Carbon Bomb.  It attracted a number of comments including a couple from Learning from Dogs supporter, Patrice Ayme.  Here is one of those comments,

Dear Paul: There is a gentleman leading the Tour de France, right now. He was not given a chance, especially in the mountains. However, he has been going day by day, and has now worn the Yellow Jersey for more than a week, supported by his inferior, but dedicated team. His philosophy: humility, and do the job day by day, trying his best, although he strongly doubts that he is up to the task.

We, as humankind, or, rather, our hubristic leaders are doing the exact opposite. We are not doing our best, and it’s precisely because those leaders are not humble and not honest, and so very sure we are going to pull out OK, because that’s what we do best, and have always done, and thus will always do.

Verily all indicators are that of an unfolding catastrophe. All signals are loud and clear that way. So it’s really not the moment to say:”Oh, BTW, we are very resilient and totally great, so it’s just a matter of time before we put it all together OK. So now let’s all pull together, and it’s fine.”

In truth we are on the verge of an irreversible situation, as the CO2 poisoning will turn, within a decade or so, into a political, and then military issue.
PA

Patrice is an angry man (not a criticism by the way – so many of us are angry!) and anger is a great reason to find someone, something, anything, to blame!  I suspect, wearing my cloak of an amateur psychologist, that a core reason why we feel anger is that, so often, the causes of our anger are our own errors.  Anger at one’s self is much more difficult to deal with!

Anyway, back to the plot.

Like Patrice I also feel badly let down by our ‘leaders’.  Especially with regard to the nightmare of economic and ecological issues fast approaching.

Then I read this in Paul Gilding’s book, The Great Disruption, that has been featured on this Blog a couple of times.

Our addiction to growth is a complex phenomenon, one that can’t be blamed on a single economic model or philosophy.  It is not the fault of capitalism or Western democracy, and it is not a conspiracy of the global corporate sector or of the rich.  It is not a bad idea that emerged in economics, and it is not the result of free market fundamentalism that emerged in the 1980s with globalization.  While each of those factors is involved, it is too simple and convenient to blame any of them as the main driver.  Growth goes to the core of the society we have built because it is the result of who we are and what we have decided to value. [Chapter 5, Addicted to Growth, p66]

That last half of that last sentence – ‘it is the result of who we are and what we have decided to value.‘  That strikes me as the core truth.  It is the reason why Patrice, and me, and countless thousands of others across the globe, are so angry.  At heart we all know that the circumstances we find ourselves in are, in great part and before we ‘saw the light’, the result of earlier personal values which we now know were not compatible with a sustainable relationship with the planet we all live on.

It is very good news.  That anger is fuelling change.  As Malcolm Gladwell writes in his book The Tipping Point societies change when something of the order of 18% of individuals emotionally commit to change.

Power of social networks in the area of finance

“The nature and reach of social conversations in the investment arena.”

The above sub-heading is from a recent Post on Naked Capitalism that rather spookily comes hot on the heels of one of my recent musings.  Here’s what I published on the 12th January although I wrote it on the 9th.

In the past opinion and commentary has been in the hands, more or less, of the giant media moguls.  But technology has changed that.  Now more than ever a huge people have access to the Internet.  Indeed, a quick Google search reveals that of a world population of 6.85 billion people, just under 2 billion (29%) have internet access.  In North America that percentage is 77.4% (226 million) and in Europe the percentage is 58.4% (475 million).  I.e. nearly a billion people in just North America and Europe!

My point is that, in a manner never before experienced in human history, the vast majority of us have the ability to read, learn and muse about the critically important issues facing us today, coming to conclusions that carry political weight.  We have almost infinite choice as to where and how we form opinions.

Thus having access, via the internet, to the scribblings of so many wise people may end up giving democracy the boost it really needs in the face of overwhelming powerful plutocratic forces.

Coincidentally, also on the 12th Yves Smith of Naked Capitalism published an article entitled, The 20 most influential blogs in financial media.  You can find that article here.  Here’s a flavour of what was written.

Thanks to Minyanville for publicizing this study by MindfulMoney on the nature and reach of social conversations in the investment arena. But even bigger thanks go to loyal readers and contributors for their frequent comments, leads, and critiques. The success of a blog depends on its community and I am very grateful for all the input so many of you have generously provided.

Perhaps the most interesting finding (boldface ours):

The research confirms the existence of a network of investment super-connectors with extraordinary media influence and reach. These super-connected new influentials are, for the most part, not well established voices in the media but individual bloggers who fiercely champion their independence….In the US, the network functions as the unofficial voice of Wall Street & the US federal bank with no mainstream media players at the centre of the network.

Given how many of these top blogs are critical of the status quo, this map may be hopeful sign that the blogosphere is beginning to become a important channel of discourse outside the reach of the PR machinery of major corporations and government entities.

And rather than publish all the top 20 names, you can see that list here, the top 10 are as follows:

1. Naked Capitalism
2. Infectious Greed
3. The Big Picture
4. Jesse’s Cross Roads Cafe
5. Zerohedge
6. Mish’s Global Economic Analysis
7. Calculated Risk
8. Paul Krugman’s Blog
9. FT Alphaville
10. Ludwig von Mises Institute

Anyone interested in downloading the original report as published on the MindfulMoney website can go to the article here; the link to the pdf, requiring prior registration, is towards the end of the article.  The article opens thus:

Most investors would acknowledge that social media is playing an increasing role in their investment decisions. Yet no-one has mapped the emerging network of influence likely to be playing a crucial part in those decisions.

Until now that is.  MindfulMoney’s ‘Social Finance: The New Influentials” report is aiming to better understand what this network looks like and to see if a number of super connections, so beloved of writers like Malcolm Gladwell, exist.

The research indicates that they do.

As I said, to download the article you need to register first – that link is here.

It’s a very interesting new world that we are living in and one, I pray, that is returning real power to the electorates.