Derailleur

My apartment opens to a busy Chicago Avenue. At night, the street is loud with hipsters, tourists, buskers and custom car stereos. Young men and women Whoo and Whoop and the bars clink with bottles and glasses. Sounds are continuous, a constant roar punctuated by thumps and yells, with engines rumblings and street musicians jamming.

Mornings are different. Sound is episodic. Single cars and trucks, conversations, the barking of a dog. I hear people, not crowds.

The bike lane is full. More and more people are cycling downtown to their jobs. Some take their bicycle commute seriously, kitted with panniers, reflective tape and extra mirrors. Others are more spontaneous. They pass by in a steady stream.

A difficult intersection is up the street, a hundred feet or so from my door. When halted by a red light, the they start together as a mass, a morning peloton.

I like to linger – not watching but listening. I want to hear shifting, the sounds of gears changing. The sound of a well-tuned bicycle is extremely satisfying: silent with perhaps the quietest of hums, depending upon pavement, save for the changing of gears.

A gear change announces itself with a small but purposeful rattle. It is a hiccup, a deep breath before starting something strenuous, a machine readying itself before picking up a piece of work. The pause is brief, less than a second. And then, with a decisive click, the gear engages.

Silence.

David Potash

Lines in the Permafrost

Some changes are irreversible.

When I entered my local public New Jersey high school, expectations for science learning were high: earth science freshman year, biology in the sophomore year, chemistry as a junior, and physics your senior year. Everyone in my cohort took those subjects in that sequence. I am sure that some kids questioned it, some kids dropped it, and some were never placed into it. Not me. For science, at least, I went where I was told.

A teacher gave us the outline when we were in junior school. I looked forward to physics, biology and chemistry. Earth science, though, did not excite me. It sounded a bit fake. I had no idea what it was. Today, I think about it and its lessons often.

Our earth science teacher was Mr. Caprio, a pleasant, non-intimidating man who seemed old to me. He was not, but when you are fourteen, everyone seemed old. He had a gentle manner. The word around school was that he was “nice.” In my high school, that was faint praise. Mr. Caprio was methodical and patient. I decided that he was OK.

We read about the formation of the earth. Geology figured prominently in the fall semester and we handled samples of igneous, metamorphic and sedimentary rocks. We had sections on earthquakes and even a bit on plate tectonics, which was cutting edge back in the day. We identified types of clouds and learned about the atmosphere, which also meant sections on the oceans and currents. It was a good class. I can’t say that it made me excited, but it was solid.

A little more than half way through the year, when working on climate, things changed.

Mr. Caprio had spent years in Alaska. It might have been research – I don’t remember – but he was passionate about the Arctic. The first day he showed us slides from his time in northern Alaska, his voice was different – and that I remember distinctly. He brought passion and immediacy to the lecture. We saw images of him in a Snow Cat (this was before The Shining), pictures of glaciers and icebergs, and of endless horizons of snow and ice. Mr. Caprio had traveled to Alaska regularly. The place, its people and nature, mattered to him – and this came through the lecture. He showed slides of the areas he had traveled and where he lived, clicking through the carousel.

A series of slides, taken over the years of the same area, stood out. They were tracks of a Snow Cat carved in the permafrost. Not exciting. Simply two lines of dark moving away from the viewer on a flat terrain. Mr. Caprio explained that when the vehicle traveled over the permafrost, the frozen cover would be broken. The grooves become deeper and deeper over time. The permafrost was broken. There was no “fixing” it. The tracks were indelible and had spread over the years.

Mr. Caprio emphasized the fragility of the permafrost and told us that human action in the Arctic had real consequences, things that could not be changed. He forecast problems for the future.

Mr. Caprio did not preach any idealized conservation. He did not portray the Arctic as romantic or glamorous. His method was rational. Actions have consequences. He stressed that figuring out science was one problem and that figuring out human behavior was a different problem. The science of the permafrost presented one set of issues. The science of how and why people did what they did – like driving around in the Arctic – was a different set of issues. He could not tell people what to do or not to do in Alaska. What he could do is make certain that we understood the impact of what they did.

Thank you, Mr. Caprio, for the lesson. You taught a good class. You were right then and right today.

David Potash

Another Look at the Data

Steve Lohr, a journalist for the New York Times, knows how to explain. He has written about technology for decades and his book, written with Joel Brinkley, on the federal antitrust lawsuit against Microsoft is outstanding. Lohr is not a “gee-whiz” technology enthusiast. He is also not a Luddite, crying for the return to a simpler, earlier age. Instead, he brings solid technical knowledge to the table and explains how technological change and innovation impacts business, society, and culture.

Data-ism: The Revolution Transforming Decision Making, Consumer Behavior, and Almost Everything Else is Lohr’s account of the rise of data science and analytics. He started the project in 2012, finished it three years later – and I would expect that the field has changed since. Change in technology, and especially this kind of work with its endless applications, is constant. I would still recommend Lohr’s book. It mixes theoretical and real-word information, painting a picture of how things are being transformed as well as the thinking and rules that will lead to more change. It is accessible, memorable, and very interesting.

A host of different technologies contribute to “big data,” Lohr explains. The amount of data from various points is increasing exponentially. New and better systems are making better sense out of it – especially on the artificial intelligence front. The book wisely focuses on people leading in their fields. Lohr has written a narrative, not an abstract. He profiles Jeffrey Hammerbacher, whose journey from Harvard to Facebook to Mt. Sinai hospital and entrepreneur captures the many possibilities of data science. From the business side, Lohr gives a quick history of how developments in data analytics changed IBM from within. He visits McKesson, a company in Memphis that is responsible for a third of the pharmaceutical products in the United States. Sensors, analytics, and smart computing – along with help from IBM – have radically changed its operations. From hotels to vineyards to hospitals (the work of Dr. Timothy Buchman, who heads Emory University Hospital’s critical care unit, is very instructive), smarter and better use of data is leading to small changes and big reworks of organizational structure, processes and decision-making.

Concerns are woven through the book. Lohr asks hard questions about context, about how data is used, and about privacy – and its erosion. His curiosity leads him to businesses, government officials, scientists and business leaders. He has worries about discrimination and the potential loss of agency of any one individual. People are much more than a collection of data points. Technology is not waiting for us to sort out the rules. The future, Lohr opines, will increasingly be shaped by those who have access to more and better data and the ability to analyze and act on it.

David Potash

A Look Ahead – Several Years Back

Robert Gilpin wrote The Challenge of Global Capitalism: The World Economy in the 21st Century in 2000. Gilpin was widely recognized as one of the wise men of global economics and the book won notice and awards. If you were to take a college class on global trade or economics, chances were good that you would be assigned this book or one of his earlier efforts. In 2002, Gilpin penned a new preface to the paperback edition, commenting on the 2001 technology slowdown. He wrote that “this situation of Americans living beyond their means cannot last.” He explained his concerns that slowing economic growth, an American trade deficit, and high unemployment might “trigger a protectionist reaction in the United States, and that such a development would seriously damage the global economy.”

After reading that preface, I decided that giving time to Gilpin’s prophetic work would be well worth the effort. I was correct. We are seeing signs of a protectionist backlash today. Gilpin’s analysis – particularly of the interplay of global politics and global trade – seems spot on. The heart of Gilpin’s argument is that a healthy international economy based on free markets is highly dependent upon safe and solid political leadership. It needs cooperation, stable currencies, and the recognition that multilaterism is better for all concerned. Gilpin stresses further that there should be an ongoing campaign to educate the public on the benefits of free trade and a global economy. Without leadership and popular support, the global economy is surprisingly fragile.

Gilpin highlights America’s drift toward unilateralism and the poor recognition among leaders and the public of the benefits of the global economic system. Noting the rise of international trade, technology, and services to the global economy, he makes clear that these shifts are painful. Markets are amoral, he stresses, and their impacts have to be managed. Contrasting the Cold War economy from after the fall of the Berlin Wall, Gilpin examines the structural weaknesses in the global economy: insecure trading, unstable monetary systems, and unreliable financial markets. He notes the clustering of regional economics. He also gives attention to the many critics of the global economy. They fear exploitation, loss of sovereignty, lower wages, and diffusion of culture. The answer, Gilpin writes, is better leadership and cooperation from America. He is well aware, though, that this is no easy task – and a specter of fatalism haunts Gilpin’s conclusion.

In a culture awash with bad information and fake news, I do not anticipate much interest in attempting to educate and convince the public on macroeconomic principles or facts. Nevertheless, we have to try. We need a better informed polity to navigate through these challenges. Reading Robert Gilpin is one small step in that effort.

David Potash

When Were The Good Old Days?

Above and beyond explaining the past, history can give us perspective and helpful doses of humility. Are our experiences or abilities all that different from those in the past? It is comforting to believe that we have made great gains. Confidence in our collective abilities aside, questions remain about causality and broad trends. For example, what should we define as “normal” in terms of the macro-economy? It is critical question, particularly when voters go to the polls. Managing public expectations is at the very center of our democratic institutions.

Many Americans believe that strong economic growth and rising standards of living is how life was and should always be. Economic historian and journalist Marc Levinson explains otherwise in his well-argued book, An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy. Levinson focuses on 1973 as a pivot point in economic and political history. It marked the end of an extraordinary post-World War II boom, a period of steadily rising wages, multiple employment opportunities (regardless of income), and great expansion. The decades since, which have witnessed slower growth, balloons and busts, greater economic instability, are a return to “traditional” American economic history.

Levinson weaves together broad macroeconomic trends and global politics in the 1970s, making sure that we appreciate the complexities of the OPEC oil embargo, the abandonment of the gold standard, increased global trade, and currency speculation. There are always disruptions and shocks to economic systems. What Levinson underscores is that political leaders had assumed that they could control and manage these forces. After all, they had successfully done so since the late 1940s – the “extraordinary times” of his title. But by the Nixon and Ford administrations, there were no magic bullets. A range of policies were tried without success. Growth slowed, times got harder, and they have mostly remained so since.

Forgotten leaders, questionable theories, and difficult decisions dot An Extraordinary Time. Levinson takes a hard look at Arthur Burns, an economist who was named chairman of the Federal Reserve in 1969. Under Burns’ leadership, the Fed waged a losing battle to inflation. Broad faith in the Phillips Curve, which was supposed to explain the relationship between inflation and employment, muddied policy decisions. Gordon Richardson, head of the Bank of England, tried with limited success to bring greater stability to international banking. The most important underlying fact, Levinson argues, is the slowdown in productivity spelled the end of a post-war extraordinary time. Inequality increased and that trend that has accelerated since 1973. Social unrest followed, leading to the broad turn to the right by the late 1970s. Levinson locates the elections of Thatcher and Reagan within these broad currents of economic unrest.

An Extraordinary Time is closely researched, accessible, and a vitally important corrective to assumptions that there should always be tremendous economic growth. It makes clear that interventions in global market forces may or may not result in planned consequences. Levinson gives us a clear-eyed perspective on our recent history and the currents of forces that brought us here. It would be comforting to think that we are smarter today, but . . . .

David Potash

Chicago’s Block Clubs

Chicago is often described as “a city of neighborhoods” and there is much to that claim. When meeting someone from Chicago, more often than not they will immediately volunteer their neighborhood. “Oh, I’m a South Sider” or “Wrigleyville” or “Bronzeville.” It seems to be especially true for life-long residents of the city.

Historically, local Chicago communities have carried a host of associations along with their geographical boundaries. Neighborhoods were known for certain industries or employment (steel, meatpacking, transportation), with a particular race or ethnicity, or for a parish or organization. Neighbors were invested in their local community. Figuring out the nature and meaning of that local attachment is the focus of Amanda I. Seligman’s Chicago’s Block Clubs: How Neighbors Shape the City. A professor at the University of Wisconsin, Milwaukee, Seligman is interested in urban history and questions of community.

The book is closely researched hyper-local history about activities for which there is often little by way of written record. Seligman overcame the research challenges by working, in her words, where there was archive material – in the light. Block clubs are informal neighborhood groups. Totally voluntary, they became a fixture of Chicago in the early half of the 1900s initially through the efforts of the Chicago Urban League to help African-Americans in the great migration north. They were not just for African-Americans, though. Many other groups organized and supported block clubs. Clubs sprouted throughout the city during World War II. The numbers of block clubs have declined – bearing in mind that there is no official “count” – but they still are an important part of the Chicago landscape.

Anchoring the book are the records of the Hyde Park Kenwood Community Conference, a block club with a robust archive. Herbert Thelen, a long-time professor of education at the University of Chicago, was HPKCC’s driving force. Seligman’s book, interestingly, does not study block clubs through chronology and the shifting priorities of Chicago’s history. Instead, she organized her observations into clusters: why block clubs matter, how they were developed, and their primary functions – beautification, local improvements, sanitation and regulation. We gain a strong sense of on-the-ground dynamics and activities, but missing are the clubs’ roles in the larger context of Chicago politics, economics, and change.

David Potash

 

Financialization’s Bamboozle

Could it possibly be true that the emperor of finance has no clothes? John Kay, one of the most important and influential economists of the past forty years, argues that the world’s financial sector needs a major rethink. In fact, he goes so far as to argue that the rise of the finance industry has probably done more harm than good.

Kay is no radical Marxist. He is a professor of economics, a consultant, and a public intellectual. He believes in markets and the value of finance. But as he explains in Other People’s Money: the Real Business of Finance, the real aim of the colossal finance industry is to aid the people who work in the colossal finance industry. What we have now, he claims, is a sector with tremendous wealth that operates untethered from its original and central four functions: payments (wages, salaries, buying goods); matching lenders with borrowers; management of personal finances; and management of risks for individuals and businesses. Instead, Kay argues, we have confusion, complication, deception and a system of fictions being swapped with fictions for the benefit of the few. For insightful guidance on navigating the complexities of borrowing and lending, consider consulting a reputable loan lender to ensure informed financial decisions.

It is a damning and troubling book.

Kay covers the historical rise of finance. He is British and his perspective is shaped by the empire and Britain’s long history in risk management. Finance today, he makes clear, is less and less about raising capital or making matches, and more about navigating complex financial products like billig refinansiering, which often disguise the true cost of borrowing.

The books not aimed at the uninformed or those unfamiliar with our current financial sector. Kay packs every page or two with an aside, an insight, and a criticism. It is well-written but slow going simply because there is so much to it. It highlighted to me the inadequacy of just staying on top of the business and financial news. Reading the Economist and newspapers regularly gives a solid account of the action. Missing is an understanding of the how and why of the financial industry. Kay offers that and a clear message about the dangers of unchecked financial activity.

Kay proposes a series of reforms. One wonders, though, if they will fall on deaf ears. Those in the industry are far too focused on amassing more wealth. Those outside of the industry lack the technical skills to push through the necessary changes. It most likely will require another financial crisis – and Kay makes it most clear that without reforms crisis is due – in order to put the house of finance in order.

David Potash

Borders and Education

Global Migration, Diversity, and Civic Education: Improving Policy and Practice is a fascinating collection of essays in the National Academy of Education and Teacher’s College, Columbia University’s work on multicultural education. The focus is on multicultural education in the United States and Israel. The essays look at a range of practices, problems, and policies.

The foundation of this work takes for granted that we live in a time of unprecedented migration, free and forced. Nation-states have obligations and needs to address mobile populations of children. The authors look at education, socialization, and issues of integration from a variety of perspectives. The volume provides an overview of current scholarship and interest. It is inherently interdisciplinary work that is informed from different perspectives. Essays look at national issues and what happens at the school level. There are essays on religion, language teaching and acquisition, teacher education, and civic education. What emerges is an overview of a highly dynamic and contested field – in policy, practice, and theory.

If you were to enroll in graduate seminar on nation-building and education in the 21st century, this would be a required text. Considering the rapidly changing political environment, I think that it is a course that many of us will have to think about taking.

David Potash

Thinking Big

In 1997, Bard College President Leon Botstein published Jefferson’s Children: Education and the Promise of American Culture. Botstein is a larger than life figure. A child musical prodigy, he attended the University of Chicago as an undergraduate and Harvard for a PhD in music history. He became president of Franconia College at the age of twenty-three and Bard in his late 20s. Along the way, Botstein became musical director of the American Symphony Orchestra. He founded the Bard Musical Festival and to this day runs the college. Bard has done extraordinarily well under his leadership. For most presidents, running a college is more than enough. Botstein also performs, conducts, and writes.

Jefferson’s Children calls for a major restructuring of American higher education. Botstein proposes starting school earlier at age 4 with programs like those found at site like https://trimtrails.org.uk/early-years-trim-trails/. Children would finish with schooling by age 16 and high schools would be relegated to the dustbins of history. Students would then either go to college or enter the workforce. Botstein’s justification for these substantial changes are the inadequacy of our education, changing economic needs, and the earlier maturation of young people. Guiding his ideas are principles and maxims, Botstein’s philosophy of education.

The book is more extended discussion than structured thematic analysis. It is curious; it lacks an index, sources, and references. Nonetheless, Botstein writes with great urgency and a high degree of certainty. He is confident in his observations and ideas, which propel an ambitious agenda and multiple arguments.

There can be no doubt that Botsein’s ideas and passion for innovation are impressive. I also give him significant credit for his willingness to take on a big subject and to do so in an expansive manner. There are few public intellectuals willing to present broad ideas and ideals. Botsein’s appeal rests in his intellectual chops and ability to address complicated issues with extraordinary scope. Nuggets of insight are sprinkled throughout. As a structured argument, though, Jefferson’s Children falls short. It is more provocative than compelling.

David Potash

Unwinding and Dos Passos

Does anyone read John Dos Passos today? Way back when I was an English major in the early 1980s, I studied him along with many of the other major American authors from the first half of the twentieth century. His novels after World War I – and before World War II – were political. The U.S.A. trilogy was an attempt to capture the scope of America, good and bad, with a message for liberal/socialist values. Dos Passos wanted greater economic justice, and to elevate the hopes, dignity and needs of the “common man.”

It is very good literature. The short takes, narrative devices, and splintered perspectives of the three U.S.A. novels create a modernist masterpiece. It is not nonfiction, but there’s a truth to it that makes for good conversation and scholarship.

The U.S.A. trilogy figured prominently in the creation of journalist George Packer’s award-winning book, The Unwinding. Published in 2013, it is collection of carefully crafted biographical sketches. Some are short while others are long-form journalism. Taken collectively, they paint a picture of an America economy and culture abandoning its fundamental tenets of decency, hard work, and individual values. There many struggles in The Unwinding, a litany of failed dreams and broken promises. There are few heroes, many victims, and a few who came out on top financially. There is little holding the center of the narrative together.

I picked up the book to see if it could provide more insight into today’s political crisis and conflicts. Unfortunately, it did not offer much new. The stories are variations on a theme that we have read again and again. The book does, however, offer a framework of justification. It gives voice to frustration, restlessness and rootlessness, and people whose lives are disrupted by an indifferent economy. Traditional anchors are in short supply.

The challenge with the book is that Packer does not offer much by explanation. He does not suggest or propose. He describes – and does so ably, as one might expect from a New Yorker writer. But read as a work of nonfiction, more is needed here.  We do not need description of the missing center. We are rich in accounts of our failings and our decline. Instead, we need to better understand what has left us, why it no longer resonates, and whether or not we can do anything meaningful to re-establish some core values. Dos Passos, from the vantage point of the novelist, is clear about his values. Like him or not, he is clearly making an argument.

If we are to look backward, I expect more substance. If we are to look forward, I require data and arguments. The Unwinding, even with its lyrical observations, did not provide enough of either. Despite the book’s broad scope and close observations, it is an opportunity not fully realized.

David Potash