Thursday, November 3, 2011

An Interesting Example of a Double Standard

This is just too precious. David Brooks writes for the NY Times and castigates the victims of sexual harassment by Herman Cain. But "Angry Black Lady" at the Balloon Juice blog takes to task for his double standard:
Why the New York Times continues to allow David Brooks to crap all over the opinion page, I will never understand.

...

Moving on:
Now we turn to ethical issues. My first question, and this is a genuine question, concerns the victims. Let’s detach ourselves from the specifics of the Cain case and consider a general question: If you are the victim of sexual harassment, and you agree to remain silent in exchange for a five-figure payoff, should any moral taint attach to you? In the old days, somebody who allowed a predator to continue his hunting in exchange for money would certainly be considered a sinner. I’m reluctant to judge people in these circumstances, but I’m inclined to agree. Am I missing something?
First of all, Brooks is never again allowed to use the word taint. Just don’t.

Second of all, everything Brooks said is victim-blaming bullshit. It’s the same argument that the uninformed and unenlightened make when they claim that rape victims have a duty to report their rapist lest they be held morally responsible should the rapist strike again. It’s a callous, anti-feminist, bullshit argument that has no place in public discourse, much less splattered on the New York Times by a person who could have simply googled it, and read one of a hundred blog posts written by feminists on the subject of victim-blaming in the context of sexual assault and harassment.

But here’s the kicker—David Brooks need not have even spent the fifteen minutes it would have taken him to discern that his “ethically responsible women don’t settle” argument is a load of horseshit because David Brooks himself has been the victim of unwanted advances.

In 2009, Brooks appeared on MSNBC with Lawrence O’Donnell to talk about a Republican Senator (whom he refused to name) making an unwanted advance on Brooks. He stated that during a dinner, a Republican Senator had “his hand hand on my inner thigh the whole time” and it made Brooks uncomfortable.

From Think Progress:
BROOKS: You know, all three of us spend a lot of time covering politicians and I don’t know about you guys, but in my view, they’re all emotional freaks of one sort or another. They’re guaranteed to invade your personal space, touch you. I sat next to a Republican senator once at dinner and he had his hand on my inner thigh the whole time. I was like, ehh, get me out of here.

HARWOOD: What?

BROOKS: I can only imagine what happens to you guys.

O’DONNELL: Sorry, who was that?

BROOKS: I’m not telling you, I’m not telling you.

Brooks said that he has “spoken to a lot of young women who are Senate staffers and they’ll have these middle age guys who are sort of in the middle of a mid-life crisis. Emotionally needy, they don’t know how to do it and sort of like these St. Bernards drooling everywhere.”
You would think that a high profile person like David Brooks would be so shamed by being "outed" for such an egregious example of a double standard. But he won't. He gets paid lots of bucks to sit in judgement of others. A little fact like the fact that he is a hypocrite isn't going to stop him. But readers should stop reading him. I did. Several years ago. I can only take a certain amount of sleazy reporting and moral unaccountability before I decide I won't waste any more time reading somebody who commits to print his moral failings and feels no shame.

Why Are People Demonstrating in the Street

Here's a very simple, dollars-and-cents reason why the American people are angry and the Occupy Wall Street movement is growing. From a post by Paul Krugman on his NY Times blog:
Here, from the CBO report, are the changes, in percentage points, of the shares of income going to three groups. The top quintile excluding the top 1 percent – which is basically the abode of the well-educated who aren’t among the very lucky few – has only kept pace with the overall growth in incomes. Just about all of the redistribution has taken place from the bottom 80 to the top 1 (and we know that most of that has actually gone to the top 0.1).

Click to Enlarge

It’s a tiny minority, not a broad class of well-educated Americans, who have been winning here.
For over 30 years the bottom of the social order has been taking it on the chin as those in the top 1% (actually the top 0.1%) has bought politicians and corrupted the system to ensure their own "success". The cherry on top is the 2008 financial crisis. This was manufactured by Wall Street, it was fraud on an inhuman scale, they crashed the world economy, they got bailed out by the US taxpayer, and they even got to keep their multi-million dollar "bonuses for a job well done". Meanwhile, Main Street has been clobbered and is still flat on the mat 3 years later with no recovery in sight. No banker has gone to jail. No ratings agency executives have gone to jail for stamping junk mortagages as AAA "investments". That's why people are angry.

Here's Matt Taibbi characterizing this crappy situation:
Occupy Wall Street has not yet inspired many true villains outside of fringe characters like Anthony Bologna, but Bloomberg, with this one decision to trot out this preposterous schlock about congress forcing banks to lend to poor people, may yet make himself the face of the 1%’s intellectual corruption.

This whole notion that the financial crisis was caused by government attempts to create an "ownership society" and make mortgages more available to low-income (and particularly minority) borrowers has been pushed for some time by dingbats like Rush Limbaugh and Sean Hannity, who often point to laws like the 1977 Community Reinvestment Act as central villains in the crash drama.

But Rush Limbaugh and Sean Hannity are at least dumb enough that it is theoretically possible that they actually believe the crash was caused by the CRA, Barney Frank, and Fannie and Freddie.

On the other hand, nobody who actually understands anything about banking, or has spent more than ten minutes inside a Wall Street office, believes any of that crap. In the financial world, the fairy tales about the CRA causing the crash inspire a sort of chuckling bemusement, as though they were a tribal bugaboo explaining bad rainfall or an outbreak of hoof-and-mouth, a legend good for scaring the masses.

But nobody actually believes them. Did government efforts to ease lending standards put a lot of iffy borrowers into homes? Absolutely. Were there a lot of people who wouldn’t have gotten homes twenty or thirty years ago who are now in foreclosure thanks to government efforts to make mortgages more available? Sure – no question.

But did any of that have anything at all to do with the explosion of subprime home lending that caused the gigantic speculative bubble of the mid-2000s, or the crash that followed?

Not even slightly. The whole premise is preposterous. And Mike Bloomberg knows it.

In order for this vision of history to be true, one would have to imagine that all of these banks were dragged, kicking and screaming, to the altar of home lending, forced against their will to create huge volumes of home loans for unqualified borrowers.

In fact, just the opposite was true. This was an orgiastic stampede of lending, undertaken with something very like bloodlust. Far from being dragged into poor neighborhoods and forced to give out home loans to jobless black folk, companies like Countrywide and New Century charged into suburbs and exurbs from coast to coast with the enthusiasm of Rwandan machete mobs, looking to create as many loans as they could.

They lent to anyone with a pulse and they didn’t need Barney Frank to give them a push. This was not social policy. This was greed. They created those loans not because they had to, but because it was profitable. Enormously, gigantically profitable -- profitable enough to create huge fortunes out of thin air, with a speed never seen before in Wall Street's history.

The typical profit-generating cycle of subprime lending took place without any real government involvement. Bank A (let’s say it’s Goldman, Sachs) lends criminal enterprise B (let’s say it’s Countrywide) a billion dollars. Countrywide then goes out and creates a billion dollars of shoddy home loans, committing any and all kinds of fraud along the way in an effort to produce as many loans as quickly as possible, very often putting people who shouldn’t have gotten homes into homes, faking their income levels, their credit scores, etc.

Goldman then buys back those loans from Countrywide, places them in an offshore trust, and chops them up into securities. Here they use fancy math to turn a billion dollars of subprime junk into different types of securities, some of them AAA-rated, some of them junk-rated, etc. They then go out on the open market and sell those securities to various big customers – pension funds, foreign trade unions, hedge funds, and so on.

The whole game was based on one new innovation: the derivative instruments like CDOs that allowed them to take junk-rated home loans and turn them into AAA-rated instruments. It was not Barney Frank who made it possible for Goldman, Sachs to sell the home loan of an occasionally-employed janitor in Oakland or Detroit as something just as safe as, and more profitable than, a United States Treasury Bill. This was something they cooked up entirely by themselves and developed solely with the aim of making more money.

The government’s efforts to make home loans more available to people showed up in a few places in this whole tableau. For one thing, it made it easier for the Countrywides of the world to create their giant masses of loans. And secondly, the Fannies and Freddies of the world were big customers of the banks, buying up mortgage-backed securities in bulk along with the rest of the suckers. Without a doubt, the bubble would not have been as big, or inflated as fast, without Fannie and Freddie.

But the bubble was overwhelmingly built around a single economic reality that had nothing to do with any of that: new financial instruments made it possible to sell crap loans as AAA-rated paper.

Fannie and Freddie had nothing to do with Merrill Lynch selling $16.5 billion worth of crap mortgage-backed securities to the Connecticut Carpenters Annuity Fund, the Mississippi Public Employees' Retirement System, the Connecticut Carpenters Pension Fund, and the Los Angeles County Employees Retirement Association. Citigroup and Deutsche Bank did not need to be pushed by Barney Frank and Nancy Pelosi to sell hundreds of millions of dollars in crappy MBS to Allstate.

And Goldman did not need Franklin Raines to urge them to sell $1.2 billion in designed-to-fail mortgage-backed instruments to two of the country’s largest corporate credit unions, which subsequently went bust and had to be swallowed up by the National Credit Union Administration.

These banks did not need to be dragged kicking and screaming to make the billions of dollars in profits from these and other similar selling-baby-powder-as-coke transactions. They did it for the money, and they did it because they did not give a fuck who got hurt.

Who cares if some schmuck carpenter in Connecticut loses the pension he’s worked his whole life to save? Who cares if he’s now going to have to work until he’s seventy, instead of retiring at fifty-five? It’s his own fault for not knowing what his pension fund manager was buying.

And, of course, in a larger sense, the entire crisis was the fault of that janitor in Oakland, who took out too big of a loan, with the help of do-gooder liberals in congress and their fans in bleeding-heart liberal la-la land – you know, the same people Bloomberg wowed with his hep jokes about Snooki and Charlie Sheen.

This is the evil lie Bloomberg is now trying to dump on the Occupy movement. And the mayor put a cherry on the top of his Marie-Antoinette act with the rest of his speech:
"But [congress] were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. They were the ones that pushed the banks to loan to everybody. And now we want to go vilify the banks because it's one target, it's easy to blame them and congress certainly isn't going to blame themselves. At the same time, Congress is trying to pressure banks to loosen their lending standards to make more loans. This is exactly the same speech they criticized them for."

Bloomberg went on to say it's "cathartic" and "entertaining" to blame people, but the important thing now is to fix the problem.
Jesus … I mean, for one thing, Fannie and Freddie don’t even make loans. That’s how absurd this whole thing is.

And the condescension levels here are unbelievable, his air of aristocratic superiority almost breathtaking to behold. Listen to Bloomberg paternally conceding in one breath that it is certainly nice that some struggling people now have homes ("I'm not saying I'm sure that was terrible policy, because a lot of those people who got homes still have them and they wouldn't have gotten them without that"), just before chiding us with the next that there are sometimes negative consequences to doing something that sounds like goodness, like giving people a place of their own to live.

And then there’s this whole line in which he professes to indulgently understand the need for the "catharsis" and "entertainment" of protest, again almost like a Dad who tells his idiot teenage son that he understands the need to sow a wild oat or two, but please don’t wreck the family Mercedes next time.

Well, you know what, Mike Bloomberg? FUCK YOU. People are not protesting for their own entertainment, you asshole. They’re protesting because millions of people were robbed, by your best friends incidentally, and they want their money back. And you’re not everybody’s Dad, so stop acting like you are.
And the real kicker to this depressing story: the American people voted for "change you can believe in" with Barack Obama, but he has delivered more Wall Street fraud and criminality. It is under Obama's watch that the banks have used "robo-signing" fraud to cheaply toss people out of homes, even people who don't have a mortgage and who legally fully own their own homes. The banks don't care. They are in a hurry and a little fraud here and a little crime there, big deal! Obama seems to agree. No bank has been indicted or charged for the pre-2009 fraud and certainly none has been charged for the 2009 through 2011 robo-signing frauds.

So... what are people to do? The two major political parties are bought-and-sold to the top 0.1%. The only recourse is to go to the street and fight to get the country out of the hands of criminals, to fight and stop America on its slippery slope to becoming a banana republic. It is a desperate battle, but it must be won. There is no other choice.

Wednesday, November 2, 2011

Getting to Know Paul Krugman

Here is a feature piece done by the EPI for its first Distinguished Economist Award given to Paul Krugman:

Education & Income in America

Poor Paul Krugman. He is trying to fight the noise machine that the political right in the US uses to fool people into voting for Republican "ideas".

Here is a post in his NY Times blog pointing out that income is only loosely tied to education. The real big bucks are going to a tiny 0.1% elite who have a stranglehold on the economy (and politics):
A Mind Is A Terrible Thing To Lose

OK, I see that some people are doubling down on the claim that rising inequality is all about education — when what the CBO report drives home is that this is all wrong, the big increase has come from gains at the very top. I have to admit that I have a sneaking suspicion that this is in part driven by KDS (DS for derangement syndrome): some people will rush to take a position precisely because I have debunked it. But anyway, it’s really, really wrong.

Here’s the CBO result:

Click to Enlarge

Notice that the 81-99 percentiles have seen only modest gains; it’s really the top 1 percent that drives the story.

For comparison, here’s some data on wages of men by education from EPI:

Click to Enlarge

Not the perfect comparison, but good enough. Notice the difference in scales. College graduates have made only modest gains, and basically nothing after 2000; even advanced degrees weren’t giving anything like the gains we see for the top 1 percent (and the much bigger gains of the top 0.1 percent).

Yes, college grads have done better than non; but inequality in America is mainly a story about a small elite pulling away from everyone else, including ordinary college grads. And we’ve know this for a long time! There is no excuse for getting it wrong.
There is a modest effect of more education leading to more income. But that is swamped by the effect of being in the top 0.1%. I'm sure the top 0.1% have wonderful college degrees, but the degree isn't what makes them the money. It is the fact that they are in an elite position which lets them milk the system for the really big bucks.

The Robber Barons of the past didn't make their big money because of advanced degrees. They made it because they found ways to get a stranglehold on some key point in the economy and extort big bucks for themselves.

Positive News on the Political Front

From a post by Robert Reich on his blog:
A combination of police crackdowns and bad weather are testing the young Occupy movement. But rumors of its demise are premature, to say the least. Although numbers are hard to come by, anecdotal evidence suggests the movement is growing.

As importantly, the movement has already changed the public debate in America.

Consider, for example, last week’s Congressional Budget Office report on widening disparities of income in America. It was hardly news – it’s already well known that the top 1 percent now gets 20 percent of the nation’s income, up from 9 percent in the late 1970s.

But it’s the first time such news made the front page of the nation’s major newspapers.

Why? Because for the first time in more than half a century, a broad cross-section of the American public is talking about the concentration of income, wealth, and political power at the top.

Score a big one for the Occupiers.

Even more startling is the change in public opinion. Not since the 1930s has a majority of Americans called for redistribution of income or wealth. But according to a recent New York Times/CBS News poll, an astounding 66 percent of Americans said the nation’s wealth should be more evenly distributed.

A similar majority believes the rich should pay more in taxes. According to a Wall Street Journal/NBC News poll, even a majority of people who describe themselves as Republicans believe taxes should be increased on the rich.

I remember the days when even raising the subject of inequality made you a “class warrior.” Now, it seems, most Americans have become class warriors.

And they blame Republicans for stacking the deck in favor of the rich. In that New York Times/CBS News poll, 69 percent of respondents said Republican policies favor the rich (28 percent said the same of Obama’s policies).
I sure hope this signifies a sea change in American politics. The pendulum has swung too long and too far to the side of the elites and against the "ordinary people". It is time to redress the inequality and injustice.
The old view was also that great wealth trickled downward – that the rich made investments in jobs and growth that benefitted all of us. So even if we doubted we’d be wealthy, we still gained from the fortunes made by a few.

But that view, too, has lost its sheen. Nothing has trickled down. The rich have become far richer over the last three decades but the rest of us haven’t. In fact, median incomes are dropping.

Wall Street moguls are doing better than ever – after having been bailed out by the rest of us. But the rest of us are doing worse. CEOs are hauling in more than 300 times the pay of average workers (up from 40 times the pay only three decades ago), as average workers lose jobs, wages, and benefits.

Instead of investing in jobs and growth, the super rich are putting their money into gold or Treasury bills, or investing it in Brazil or South Asia or anywhere else it can reap the highest return.

Meanwhile, it’s dawning on Americans that in the real economy (as opposed to the financial one) our spending is vital. And without enough jobs or wages, that spending is drying up.

The economy is in trouble because so much income and wealth have been going to the top that the rest us no longer have the purchasing power to buy the goods and services we would produce at or near full employment.
Hopefully the new view is that "it takes a village to raise a child" so there will be more emphasis on education and job training, on fair wages and a minimum wage, and on social services for those who are falling behind through no fault of their own. The bottom 99% need to be re-booted so they can compete and get their fair share of the wealth of the society. The funny thing is: if you do this everybody prospers! But showering special deals and tax breaks on the rich impoverishes the bottom 99% and destroys the broader society.

Heresy and Global Warming

Here is a bit from a talk by Matt Ridley at the RSA:
Using these six lessons, I am now going to plunge into an issue on which almost all the experts are not only confident they can predict the future, but absolutely certain their opponents are pseudoscientists. It is an issue on which I am now a heretic. I think the establishment view is infested with pseudoscience. The issue is climate change.

Now before you all rush for the exits, and I know it is traditional to walk out on speakers who do not toe the line on climate at the RSA – I saw it happen to Bjorn Lomborg last year when he gave the Prince Philip lecture – let me be quite clear. I am not a “denier”. I fully accept that carbon dioxide is a greenhouse gas, the climate has been warming and that man is very likely to be at least partly responsible. When a study was published recently saying that 98% of scientists “believe” in global warming, I looked at the questions they had been asked and realized I was in the 98%, too, by that definition, though I never use the word “believe” about myself. Likewise the recent study from Berkeley, which concluded that the land surface of the continents has indeed been warming at about the rate people thought, changed nothing.

So what’s the problem? The problem is that you can accept all the basic tenets of greenhouse physics and still conclude that the threat of a dangerously large warming is so improbable as to be negligible, while the threat of real harm from climate-mitigation policies is already so high as to be worrying, that the cure is proving far worse than the disease is ever likely to be. Or as I put it once, we may be putting a tourniquet round our necks to stop a nosebleed.

I also think the climate debate is a massive distraction from much more urgent environmental problems like invasive species and overfishing.

I was not always such a “lukewarmer”. In the mid 2000s one image in particular played a big role in making me abandon my doubts about dangerous man-made climate change: the hockey stick*. It clearly showed that something unprecedented was happening. I can remember where I first saw it at a conference and how I thought: aha, now there at last is some really clear data showing that today’s temperatures are unprecedented in both magnitude and rate of change – and it has been published in Nature magazine.

Yet it has been utterly debunked by the work of Steve McIntyre and Ross McKitrick. I urge you to read Andrew Montford’s careful and highly readable book The Hockey Stick Illusion*. Here is not the place to go into detail, but briefly the problem is both mathematical and empirical. The graph relies heavily on some flawed data – strip-bark tree rings from bristlecone pines -- and on a particular method of principal component analysis, called short centering, that heavily weights any hockey-stick shaped sample at the expense of any other sample. When I say heavily – I mean 390 times.

This had a big impact on me. This was the moment somebody told me they had made the crop circle the night before.

For, apart from the hockey stick, there is no evidence that climate is changing dangerously or faster than in the past, when it changed naturally.

It was warmer in the Middle ages* and medieval climate change in Greenland was much faster.

Stalagmites*, tree lines and ice cores all confirm that it was significantly warmer 7000 years ago. Evidence from Greenland suggests that the Arctic ocean was probably ice free for part of the late summer at that time.

Sea level* is rising at the unthreatening rate about a foot per century and decelerating.

Greenland is losing ice at the rate of about 150 gigatonnes a year, which is 0.6% per century.

There has been no significant warming in Antarctica*, with the exception of the peninsula.

Methane* has largely stopped increasing.

Tropical storm* intensity and frequency have gone down, not up, in the last 20 years.

Your probability* of dying as a result of a drought, a flood or a storm is 98% lower globally than it was in the 1920s.

Malaria* has retreated not expanded as the world has warmed.

And so on. I’ve looked and looked but I cannot find one piece of data – as opposed to a model – that shows either unprecedented change or change is that is anywhere close to causing real harm.
It is well worth your time reading the whole talk. There is a fine line between pseudoscience and science, and as Ridley points out, many outstanding scientists have simultaneously been on both sides at the same time on different issues.

The problem with fanatics is that they willing change the goal posts and reinterpret everything as support for their viewpoint. Here is Ridley on climate "sensitivity":
Nor is there even any theoretical support for a dangerous future. The central issue is “sensitivity”: the amount of warming that you can expect from a doubling of carbon dioxide levels. On this, there is something close to consensus – at first. It is 1.2 degrees centigrade. Here’s* how the IPCC put it in its latest report.

“In the idealised situation that the climate response to a doubling of atmospheric CO2 consisted of a uniform temperature change only, with no feedbacks operating…the global warming from GCMs would be around 1.2°C.” Paragraph 8.6.2.3.

Now the paragraph goes on to argue that large, net positive feedbacks, mostly from water vapour, are likely to amplify this. But whereas there is good consensus about the 1.2 C, there is absolutely no consensus about the net positive feedback, as the IPCC also admits. Water vapour forms clouds and whether clouds in practice amplify or dampen any greenhouse warming remains in doubt.

So to say there is a consensus about some global warming is true; to say there is a consensus about dangerous global warming is false.

The sensitivity of the climate could be a harmless 1.2C, half of which has already been experienced, or it could be less if feedbacks are negative or it could be more if feedbacks are positive. What does the empirical evidence say? Since 1960 we have had roughly one-third of a doubling, so we must have had almost half of the greenhouse warming expected from a doubling – that’s elementary arithmetic, given that the curve is agreed to be logarithmic. Yet if you believe the surface thermometers* (the red and green lines), we have had about 0.6C of warming in that time, at the rate of less than 0.13C per decade – somewhat less if you believe the satellite thermometers (the blue and purple lines).

So we are on track for 1.2C*. We are on the blue line, not the red line*.

Remember Jim Hansen of NASA told us in 1988 to expect 2-4 degrees in 25 years. We are experiencing about one-tenth of that.

We are below even the zero-emission path expected by the IPCC in 1990*.
To be skeptical of the IPCC claims is to be ostracized as a fanatic, somebody tenaciously holding to a disproved view since "the science is settled". But I fully expect to see the IPCC and the "global warming" crowd defrocked and disgraced before my life is over. In the interim, I expect to be pilloried for my unwillingness to be "reasonable" and "accept the facts". As Ridley points out, it is very, very hard to debunk and defeat pseudoscience.
Journalists are fond of saying that the IPCC report is based solely on the peer-reviewed literature. Rajendra Pachauri himself made that claim in 2008, saying*:
“we carry out an assessment of climate change based on peer-reviewed literature, so everything that we look at and take into account in our assessments has to carry [the] credibility of peer-reviewed publications, we don't settle for anything less than that.”
That’s a voodoo claim. The glacier claim was not peer reviewed; nor was the alteration to the sensitivity function Lewis spotted. The journalist Donna Laframboise got volunteers all over the world to help her count the times the IPCC used non-peer reviewed literature. Her conclusion is that*: “Of the 18,531 references in the 2007 Climate Bible we found 5,587 - a full 30% - to be non peer-reviewed.”
Truth will win out. But as Ridley notes:
Yet even to say things like this is to commit heresy. To stand up and say, within a university or within the BBC, that you do not think global warming is dangerous gets you the sort of reaction that standing up in the Vatican and saying you don’t think God is good would get. Believe me, I have tried it.
And this isn't just a quibble of science versus pseudoscience. It is real dollars and cents:
Well here’s why it matters. The alarmists have been handed power over our lives; the heretics have not. Remember Britain’s unilateral climate act is officially expected to cost the hard-pressed UK economy £18.3 billion a year for the next 39 years and achieve an unmeasurably small change in carbon dioxide levels.

At least* sceptics do not cover the hills of Scotland with useless, expensive, duke-subsidising wind turbines whose manufacture causes pollution in Inner Mongolia and which kill rare raptors such as this griffon vulture.

...

At least astrologers have not driven millions of people into real hunger, perhaps killing 192,000 last year according to one conservative estimate, by diverting 5% of the world’s grain crop into motor fuel*.
My personal bĂȘte noire is the willingness of these global warming fanatics to condemn the bottom 3 billion to a pauperized future by calling for a halt to economic growth in order to stop what, to me at least, was a phantom problem. These fanatics want to return to the "golden age" of the early 1800s before the growth of fossil fuel. They want to go back to the glorious days of trailing behind horse or ox to plow a field. They days when families huddled in an unheated cottage in the dark because light and fuel were expensive.

There is a bad historical precedent for the current struggle of science vs pseudoscience:
Handing the reins of power to pseudoscience has an unhappy history. Remember eugenics. Around 1910 the vast majority of scientists and other intellectuals agreed that nationalizing reproductive decisions so as to stop poor, disabled and stupid people from having babies was not just a practical but a moral imperative of great urgency.

“There is now no reasonable excuse for refusing to face the fact,” said George Bernard Shaw*, “that nothing but a eugenics religion can save our civilization from the fate that has overtaken all previous civilizations.’’ By the skin of its teeth, mainly because of a brave Liberal MP called Josiah Wedgwood, Britain never handed legal power to the eugenics movement. Germany did.

Or remember Trofim Lysenko*, a pseudoscientific crank with a strange idea that crops could be trained to do what you wanted and that Mendelian genetics was bunk. His ideas became the official scientific religion of the Soviet Union and killed millions; his critics, such as the geneticist Nikolai Vavilov, ended up dead in prison.

Am I going too far in making these comparisons? I don’t think so. James Hansen of NASA says oil firm executives should be tried for crimes against humanity. (Remember this is the man who is in charge of one of the supposedly impartial data sets about global temperatures.) John Beddington, Britain's chief scientific adviser, said this year that just as we are "grossly intolerant of racism", so we should also be "grossly intolerant of pseudoscience", in which he included all forms of climate-change scepticism.

The irony of course is that much of the green movement began as heretical dissent. Greenpeace went from demanding that the orthodox view of genetically modified crops be challenged, and that the Royal Society was not to be trusted, to demanding that heresy on climate change be ignored and the Royal Society could not be wrong.

Talking of Greenpeace, did you know that the collective annual budget of Greenpeace, WWF and Friends of the Earth was more than a billion dollars globally last year? People sometimes ask me what’s the incentive for scientists to exaggerate climate change. But look at the sums of money available to those who do so, from the pressure groups, from governments and from big companies. It was not the sceptics who hired an ex News of the World deputy editor as a spin doctor after climategate, it was the University of East Anglia.

By contrast scientists and most mainstream journalists risk their careers if they take a skeptical line, so dogmatic is the consensus view. It is left to the blogosphere to keep the flame of heresy alive and do the investigative reporting the media has forgotten how to do. In America*, Anthony Watts who crowd-sourced the errors in the siting of thermometers and runs wattsupwiththat.com;

In Canada*, Steve McIntyre, the mathematician who bit by bit exposed the shocking story of the hockey stick and runs climateaudit.org.

Here in Britain,* Andrew Montford, who dissected the shenanigans behind the climategate whitewash enquiries and runs bishop-hill.net.

In Australia*, Joanne Nova, the former television science presenter who has pieced together the enormous sums of money that go to support vested interests in alarm, and runs joannenova.com.au.

The remarkable thing about the heretics I have mentioned is that every single one is doing this in his or her spare time. They work for themselves, they earn a pittance from this work. There is no great fossil-fuel slush fund for sceptics.
As "Deep Throat" in the Watergate scandal advised: "Follow the money."

Go read the full Matt Ridley talk.

Tuesday, November 1, 2011

The How & Why of America's Political Failure

When big name, powerful politicians like Michael Bloomberg show that they are completely uninformed about how & why the US economy collapsed in 2008, then you can understand why the US is in its current mess. Big powerful people have "drunk the Kool-Aid". Bloomberg has ignorantly swallowed the lies of the political right. And he runs the premier US city. Tragic!

Here's the relevant post from Paul Krugman on his NY Times blog:
Michael Bloomberg, Ignoramus

Via David Dayen, the favored candidate of those who believe we need a smart centrist to solve our nation’s problems reveals himself to be completely ignorant about the causes of our economic crisis, someone who just swallows right-wing propaganda whole:
“I hear your complaints,” Bloomberg said. “Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp. Now, I’m not saying I’m sure that was terrible policy, because a lot of those people who got homes still have them and they wouldn’t have gotten them without that.

“But they were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. They were the ones that pushed the banks to loan to everybody. And now we want to go vilify the banks because it’s one target, it’s easy to blame them and congress certainly isn’t going to blame themselves.
You can read lots about how wrong this is; Mike Konczal has done it at great length, for example here. The fact is that for any public figure to go with the Congress-did-it argument at this stage is for him to reveal both that he is grossly ignorant about the central policy issue of the day and that he gets his “analysis” from right-wing flacks.

Some centrist hero.
There is no hope for the bottom 99% when the so-called "moderate" leaders are as clueless and misinformed as Bloomberg. This is a disaster of monumental proportions!