Saving Capitalism: For the Many, Not the Few

Pitting the free market against government intervention is a false premise. Free markets can’t last without government intervention. The debate is how much, which is not just an economic but a political challenge to overcome.

That’s a big theme from Saving Capitalism: For the Many, Not the Few, a 2015 book from progressive academic Robert Reich, who was President Clinton’s labor secretary. Today he’s a prolific writer, speaker and social content producer. Though I don’t align entirely with his politics, he’s a thoughtful and effective writer. I still recommend the book after all these years.

Below I share my own notes for future reference.

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A list of once-great, now closed Philadelphia manufacturing giants

Philadelphia is old enough a city that its business community has lived many lifetimes.

Though its Quakerly tradition shunned ostentatious consumption, there are old roots. In 1732, The Rowland Company became one of the first incorporated businesses in the country (and it still operates in Philadelphia). 1881, Wharton became the first college-level business school. The Philadelphia Contributionship(1752) is the country’s oldest property insurance company; Rawle & Henderson (1783) is the oldest law-firm and (since relocated) D. Landreth Seed Company (1783) is the oldest seed companies (George Washington was a customer).

Philadelphia’s global clout declined in the late 19th and 20th centuries. Many of its prominent manufacturing businesses did not adapt to a changing world. Out of my own curiosity I’ve started a running tab of some of the more prominent closures from that time.

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The Rise of English

English is one in a long line of global lingua francas. If it’s the last, we’ll lose an important bit of culture, and reinforce elements of inequality.

That’s what Rosemary Salomone argues in her 2021 book The Rise of English: Global Politics and the Power of Language.

In 2010, British Nicholas Ostler author argued that English will be the last lingua franca, due to the values-lock of technology today. Salomone’s book is an exhaustive review of how English came to its vaulted position today – beating French, replacing Latin and joining others like Arabic, Italian and Greek that played versions of the global language of commerce of the past.

I enjoyed the book, though dense, and recommend it for language and history nerds. Below find my notes for future reference.

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Creativity is ‘Messy,’ notes on Tim Harford’s 2016 book

In June 2009, the veteran lead pilot of Air France 447 was awoken from his scheduled nap to find his junior crew in trouble. Wiping the sleep from his eyes, he had three minutes to determine which of the conflicting alerts from the plane’s automated system to respond to, and what were false alarms.

He failed. Nearly 250 crew and passengers died in the Atlantic Ocean.

That’s from the easily most gripping chapter in economics journalist Tim Harford’s 2016 book Messy: The Power of Disorder to Transform Our Lives. That tragic story is a cautionary tale for our age, demonstrating the paradox of automation: “The better the automatic systems, the more out of practice human operators will be, and the more unusual will be the situations they face.”

How quickly could you look up from your smartphone if your autonomous vehicle alerted you that it had disengaged? Software, like many managers and orderly obsessives, wants a tidy world but the world is actually quite messy. That’s Harford’s message: Embrace the mess.

Below are my notes from the book for my future reference.

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What a feud between YouTuber Coffeezilla and influencer Logan Paul says about journalism

This started as a video, thread and post.

Two communities I follow that don’t overlap much: (1) Those who are following the battle between YouTuber Coffeezilla and big-time influencer Logan Paul, and (2) those who focus on journalistic process and integrity.

I’m here to tell you these conversations are one and the same.

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The Undercover Economist: notes from Tim Harford’s 2005 debut

“Economics is about who gets what and why.”

It’s a fundamental part of how the world works, so everyone should better understand how an economy works. So argues business journalist Tim Harford in his 2005 debut book The Undercover Economist, informed by his syndicated columns. Published the same year as the breakout success Freakonomics, The Undercover Economist helped establish a category of pop economics nonfiction books to help explain the world. They’re heavily influenced by behavioral economics and mix in lots of real world examples. Harford was part of a wave of writers that brought in greater familiarity with otherwise arcane economics concepts, a trend that has only continued the last 15 years.

That’s fitting a trend to less academic and more practical uses of the field of economics. Keynes wanted economists to be not great theorists but “rather like dentists” to solve everyday problems. Harford has been part of the movement to make it so.

Below I share my notes from the book for future reference.

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The Authoritarian Moment: notes from Ben Shapiro’s 2021 book

Ben Shapiro is combative and media savvy enough that he has quickly become one of the country’s best known stewards of conservatism’s future.

The conservative commentator and Daily Wire founder has staked out some considerably right-wing opinions and built a reputation for college-campus debates, in which he and progressive 20-somethings spar for social media attention. In July 2021, he published The Authoritarian Moment, his argument against the popular narrative that conservatives represent the greatest risk of authoritarianism. The greater risk is from the left, he says.

I read generously, but Shapiro just does not come across like a good-faith actor.

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3 ways journalists can use AI writing ethically

This was originally a video, post and thread elsewhere.

ChatGPT is especially scary to journalists because AI writing feels a lot like cheating. But it doesn’t have to be. Here are three ways I’ve experimented with AI writing that don’t break any journalism codes:

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Divided We Fall

Americans choose party affiliation over national identity at our own peril.

That negative polarization keeps us from uniting and using one of our country’s best designs: federalism, which could allow for disparate state-by-state experiments. So argued David French, the conservative political commentator in his fall 2020 book Divided We Fall: America’s Secession Threat and How to Restore Our Nation.

French, a pro life conservative Christian lawyer and Iraq War veteran, has wedged himself in a debate about the future of the Republican Party, and so American life. “We are in a cold civil war,” he writes.

One cause? Tolerance: conservatives hate it and liberals misunderstand it, he writes. Or as he says Scott Alexander argues: Tolerance is misused by liberals to mean liking marginalized groups, but tolerance means tolerating something so tolerance is about tolerating out groups, not opinions you already agree with. French, who formerly lived in Center City Philadelphia while leading a free speech nonprofit, has annoyed many corners of American public life, but I appreciated his book and perspective. It’s worth reading. Below I share my notes from the book for future reference.

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