History – Page 2 – Christopher Wink

Slouching Towards Utopia: An Economic History of the Twentieth Century

If we have grown so rich so fast, why do so few of us think we’re living in utopia?

Something started during The Enlightenment, but everything really changed between 1870-2010, what has been called “the long twentieth century.” The world got richer and more technologically advanced at a rate many times faster than in any period of human history.

That’s the focus from economics historic Bradford deLong’s 2022 book “Slouching Towards Utopia: An Economic History of the Twentieth Century.” This extends Robert Gordon’s effective 2016 book The Rise and Fall of American Growth.

What happened in 1870? Well, deLong argues that we “invented invention,” with the help of the research lab and the corporation. Globalization happened too because, by 1870, “ it became more expensive to conquer than to trade.”

The book is well regarded in economics and history communities that I follow, so I eagerly read and enjoyed it. I recommend it for anyone as nerdily interested as I am. Below I share my notes for future reference.

A history of corporations by William Magnuson

Corporations were invented in Roman times to extend the effectiveness of the government. Cicero called them “sinews of the state”

Over the next two thousand years, their form was refined but always followed the logic that they were meant to extend the common good of the nation. Queen Elizabeth didn’t charter the East India Company to make London merchants rich but to organize capital to help extend English rule; Abraham Lincoln chartered the Union Pacific railroad not for Boston capitalists but to bring a unified infrastructure. Profit wasn’t the state’s main interest but a deal was struck to allow for profit if value was created.

The Cold War turned corporations from tools to heroes, “a defining feature of western life,” to contrast with the Soviet Bloc — and that’s when we lost control of them. That’s a major theme from academic William Magnuson’s 2022 book For Profit: History of Corporations.

It’s dense but effective for anyone like myself with an interest in the foundation he provides on business, capitalism and economics. Below I’ve compiled my notes from the book for future research.

Papyrus: The Invention of Books in the Ancient World

Irene Vallejo sought to learn more about the women who were erased from so much of history.

The result became a far wider history, her 2022 book Papyrus: The Invention of Books in the Ancient World. Her pursuit became an allegory of books themselves: so powerful they make ideas last which means they can be co opted to shape history. As she put it, books resulted in “a fantastical increase in the life expectancy of ideas”

In some sense, they are the original “Google effect,” in which “we tend to remember better where information is kept than the information itself. The book, written in Italian and then translated by Charlotte Whittle, is beautiful and thorough. It’s full of quirks of history and a broad understanding of the project that is our modern set of knowledge.

Below I share my notes for future reference.

Fight Like Hell: under told stories of the union movement

What is culturally and statistically counted as work is a political battle. Housework and prison labor remain murky parts of economic records and worker rights efforts.

That’s a big theme from the 2022 book “Fight Like Hell: The Untold History of American Labor” by Kim Kelly, a progressive freelance journalist with a specialist on labor movements (and a fellow Philadelphian). Kelly has called it a “people’s history” of the labor movement. Each chapter is dedicated to a key historical period told through the narrative of lesser-known leaders, with a special focus on women, immigrants and Black and indigenous people. The book added context to my understanding of the country’s labor history.

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

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.

The Changing World Order: Why Nations Succeed or Fail

Empires rise and fall in predictable ways that follow long-established patterns.

An emerging power invests heavily in education, infrastructure and trade to create wealth, which it protects by strengthening its military. Elsewhere the current leading power grows decadent with rising wealth inequality, in-fighting and fading investments until the emerging power confronts it – and wins. War and revolution start the cycle anew.

That’s among the biggest themes from the high profile 2020 book from Ray Dalio, the founder of one of the world’s largest hedge funds: Principles For Dealing With The Changing World Order Why Nations Succeed And Fail. It’s part of the “principles” series that includes extensive independent research that Dalio’s team maintains here. He intends to look at the longest historical period possible to find patterns that can inform what happens next.

Most pressingly, he argues we’re at the late stage of the American empire, when the United States will continue to decline from its role as the world’s global hegemony and cede that position to China. I’ve been disappointed that much of his coverage has not challenged him on what seems a very big conflict of interest: Dalio is heavily invested in China, an authoritarian country that does not protect criticism, and he has been careful to avoid criticizing the party. In short, the book’s biggest flaws may be that he pulls his punches against China. Still, by using his own determinants and data, he paints a stark picture of unassailable patterns over the last 500 years up until today that looks like this:

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

FREE SPEECH: its history and future by Jacob Mchangama

Free speech has a long history. Long enough that we know the pitfalls so well that they have nicknames.

There’s Milton’s Curse to describe the tendency for emerging leaders to defend free speech, only to walk backward once they are in power. More recently, we added the Streisand Effect, nicknamed after Barbara Streisand’s failed 2003 attempt to keep photos of her Malibu home off the internet. Her failed resistance generated far more attention.

This long, fragile and volatile path for free speech is the focus of the new book Free Speech A History from Socrates to Social Media by Jacob Mchangama. It is thorough, important and enjoyable. I recommend it. Below are my notes for my future research purposes.

Capitalism & Freedom

Is capitalism the cause of differences or the reason why those differences are so small?

Influential Nobel Prize-winning economist Milton Friedman (1912-2006), who is a champion or a scourge depending on your political persuasion, long argued the latter. First published at the height of the Cold War in 1962, Friedman argued in “Capitalism and Freedom” that economic freedom is an essential component of political freedom, and that a capitalist system is the best way to promote both. This book serves as essentially the foundation of his status as a kind of public intellectual, though even his critics must acknowledge he went beyond punditry — he won the 1976 Nobel Prize in economics due to his scholarly work on monetary policy.

Attacks of capitalism often confuse what that economic system causes with what it exposes. As Adam Smith wrote and Friedman quotes: “There is much ruin in a nation.”

I read a 2002 edition, but when it was originally published the book was the beginning of a movement that led to Friedman’s bestselling Free to Choose (first published in 1980 alongside a PBS series of the same name) and is often associated with the Reagan Revolution. Friedman’s work heavily influenced conservative American politics.

In this earlier book, Friedman argues that government intervention in the economy, such as through regulation and redistribution, is detrimental to individual freedom and economic prosperity. He also advocates for the privatization of certain government services, such as education and healthcare.

The book was published during a time of Cold War tensions and the rise of socialist and interventionist economic policies in the United States and around the world. Friedman has lasting influence. For one, his description of monetary policy having “long and variable lags” has been often referenced to this pandemic era. In 1970, his ‘Friedman doctrine’ that companies existed to maximize profit for shareholders came to define the modern era, and experienced a revival 50 yers later.

Read my notes from the book below.

The Greatest Invention: notes on language and writing

Writing is one of humanity’s greatest inventions, and both it and language evolved in predictable ways. They are related but distinct.

That’s a theme from this year’s March 2022 book “The Greatest Invention: A History of the World in Nine Mysterious Scripts” written by Silvia Ferrera.

Below I’ve captured my notes for future reference.

J.C.R. Licklider and his Dream Machine of personal computing

We interact with computers to help us think.

Both in the transactional sense that these machines can help us solve math problems or search across a vast array of indexed information, and in the deeper sense that we can patter our own behaviors around how a computer solves a problem. This wasn’t always inevitable.

Before the invention of the keyboard, computer mouse and graphical interface, and certainly before the government-funded creation of the internet, computers were seen charitably as oversized and expensive calculators. They may seem today like an appliance that is as valuable to our quality of life as an indoor toilet or a heating system. It took vision to make the change.

The people (yes, especially a particular man) behind that vision is the focus of The Dream Machine: J.C.R. Licklider and the Revolution That Made Computing Personal, a 2001 book by science journalist M. Mitchell Waldrop. The book tells the story of J.C.R. Licklider (1915-1990) and his role in the development of the modern personal computer. Licklider, a psychologist and computer scientist, was one of the pioneers of the concept of “interactive computing,” which envisioned a future in which computers would be accessible and easy to use for individuals, rather than just large institutions.