A new MacBook Pro or a nice digital SLR

Reporting on the Credit Suisse Research Institute’s global wealth report, The Economist explains:

If the world’s wealth were divided equally, each household would have $56,540. Instead, the top 1% own more than half of all global wealth. The median wealth per household is just $3,582; if you own more than that, you are in the richest 50% of the world’s population.

Even for those who believe that it’s ethical for your wealth to be determined by the amount of economic value you create for others, the evidence that high wages are deserved is weak (especially for top executives).

New big dams in Canada

Some earlier comments discussed the Site C dam project in B.C. Today, B.C.’s NDP government committed to finishing the $10.7 billion project.

Like the Muskrat Falls project in Labrador, this is a multi-billion dollar project facing extensive criticism from environmentalists and Indigenous people.

On the one hand, it is desirable to get as much low carbon generation as possible. On the other, these projects seem to represent continued Indigenous exploitation by Canadian governments (ignoring the standard of free, prior, and informed consent from UNDRIP), and it’s not clear there aren’t lower cost options which are equally desirable from a climate perspective. Loss of glaciers and summer snowpack might also have a catastrophic effect on hydro production.

Plea bargains

In several important ways, the plea bargain system in American courts perverts justice: encouraging prosecutors to pile on charges in hopes of frightening defendants into bargaining, and forcing those being charged to consider falsely pleading guilty because the punishment that would arise from going to trial and losing would be massive.

Nonetheless, The Economist reports that plea bargaining is spreading, from 19 countries in 1990 to 66 now. In federal courts in the United States, “close to 100%” of convictions arise from plea bargains. Less than 3% of federal court defendants go to trial.

The flaws with plea bargaining dovetail with other injustices, from the insufficient provision of public defence lawyers to the structural discrimination embedded in discretionary prosecution and exploitation of civil forfeiture.

Mabee on Sojourner Truth and Frances Gage 2/2

If friends and students of Truth wish to reassess their views, they might stop depending on Gage’s report as if it were reliable, and depend instead on the reports of the speech that were published at the time, especially the fullest one, in the Bugle. If not as dramatic as Gage’s report, the Bugle report is terse, portrays Truth as speaking in a folksy style that rings true, attributes to her some of the provocative ideas that Gage’s report attributed to her, and is much more likely to be authentic:

One of the most unique and interesting speeches of the Convention was made by Sojourner Truth, an emancipated slave. It is impossible to transfer to paper, or convey any adequate idea of the effect it produced upon the audience. Those only can appreciate it who saw her powerful form, her whole-souled, earnest gesture, and listened to her strong and truthful tones. She came forward to the platform and addressing the President said with great simplicity:

May I say a few words? Receiving an affirmative answer, she proceeded; I want to say a few words about this matter. I am a woman’s rights [sic]. I have as much muscle as any man, and can do as much work as any man. I have plowed and reaped and husked and chopped and mowed, and can any man do more than that? I have heard about the sexes being equal; I can carry as much as any man, and eat as much too, if I can get it. I am as strong as any man that is now.

As for intellect, all I can say is, if a woman have a pint and a man a quart — why can’t she have her little pint full? You need not be afraid to give us our rights for fear we will take too much — for we won’t take more than our pint’ll hold.

The poor men seem to be all in confusion and don’t know what to do. Why children, if you have women’s rights give it to her and you will feel better. You will have your own rights, and they won’t be so much trouble.

I can’t read, but I can hear. I have heard the Bible and have learned that Eve caused man to sin. Well if woman upset the world, do give her a chance to set it right side up again. The lady has spoken about Jesus, how he never spurned woman from him, and she was right. When Lazarus died, Mary and Martha came to him with faith and love and besought him to raise their brother. And Jesus wept — and Lazarus came forth. And how came Jesus into the world? Through God who created him and woman who bore him. Man, where is your part?

But the women are coming up blessed be God and a few of the men are coming up with them. But man is in a tight place, the poor slave is on him, woman is coming on him, and he is surely between a hawk and a buzzard.

Mabee, Carleton. Sojourner Truth: Slave, Prophet, Legend. New York University Press, 1993. p. 81–82. “[sic]” in original.

Mabee on Sojourner Truth and Frances Gage 1/2

[Frances] Gage‘s report, gradually becoming well known, wove myths about [Sojourner] Truth, myths that helped build up Truth into a heroic figure. Nevertheless, we must ask whether the frequent uncritical use of Gage’s report in recent years has led to misleading interpretations not only about Truth and her place in history, but also about early black-white relations at large.

When we compare Gage’s 1863 report of Truth’s speech with available records written in 1851 soon after the event, the comparison suggests that we should heed Gage’s own warning that she had “given but a faint sketch” of Truth’s speech. The comparison suggests that, unless evidence to the contrary shows up, important parts Gage’s report regarding the atmosphere of the convention, the contents of Truth’s speech, and the effect of the speech on the convention should be considered false. The comparison suggests that Gage, the poet, intended to present the symbolic truth of Truth’s words more than the literal truth; that Gage, the novelist, imagining that Harriet Beecher Stowe was looking over her shoulder, felt pressed to make Truth’s story more compelling than it was; that Gage, the passionate advocate of blacks’ and women’s rights, embellished her report to strengthen the causes she favored, imposing her own ideas and expression on what Truth said. Disappointing as it may be, the comparison makes it unlikely that Truth asked the thrilling question, “Ar’n’t I a woman?“, the principal words by which Truth is known today.

If we depend on contemporary accounts as more likely than Gage’s to be reliable, then we perceive that when Sojourner Truth began to speak, there were no signs of panic, no hissing, no mobbish opponents whom she could overcome. Then we find that Truth’s words, unadorned, if less dramatic and smooth than Gage wanted them to be, did not make her the one star of the convention, as Gage indicates, but nevertheless made her impressive.

When Truth’s biographers, following Gage, say that she turned the convention around from opposing to favouring women’s rights, we have to suspect that they may be telling us more what Gage wanted us to believe than what really happened. When recent writers on women’s and blacks’ history claim that white women advocating women’s rights were hostile to black women’s participation in the women’s movement, and they base their claims especially on Gage’s account of the supposed hostility to Truth at Akron, we have to wonder whether they are distorting history. Unless evidence to the contrary turns up, we have to regard Gage’s account of Truth’s asking the “Ar’n’t I a woman?” question as folklore, like the story of George Washington and the cherry tree. It may be suitable for telling to children, but not for serious understanding of Sojourner Truth and her times.

Mabee, Carleton. Sojourner Truth: Slave, Prophet, Legend. New York University Press, 1993. p. 80–81

Stranded assets and regulatory risk

One of the most important economic and political points arising from climate change is uncertainty about how seriously future governments will respond to the problem. If some kind of political change makes governments serious about hitting the 1.5 – 2.0 ˚C temperature targets from the Paris Agreement, it will mean doing everything possible to rapidly reduce emissions, from imposing high carbon prices to mandating the abandonment of especially harmful technologies and practices like burning coal and using exceptionally filthy fuel for international maritime shipping. This is termed “regulatory risk”. Whenever a potential investment project has finances that rely on governments continuing to talk big but do little about climate change, the project risks becoming non-viable after all the costs of development are spent if the government subsequently starts to take climate change seriously.

When it comes to actual fossil fuel reserves, there is a related issue of “stranded assets” – fossil fuel reserves that would be economically viable to extract if they could be sold, but where the climate change and energy policies of governments either directly prohibit their extraction or add other costs like carbon taxes which make the extraction unprofitable. In such a scenario, firms that depended on the value of these reserves to justify their own market value could be in trouble, along with everyone who has invested in them.

A recent article in The Globe and Mail describes how firms are aware of these risks:

[Caisse de dépôt et placement du Québec] The Quebec-based pension fund is part of a growing tide of institutional investors – which includes giants such as Vanguard and BlackRock Inc. – pressing companies for more information on how they will manage the transition to a low-carbon economy. Companies in carbon-heavy industries such as energy and mining face the highest pressure, as investors fear being stuck holding stranded assets: companies who fail to plan for the future and whose valuations will likely plummet as a result.

“It’s a risk that we could be left holding the bag in a Minsky Moment and it could be quite costly,” says Toby Heaps, chief executive and co-founder of Corporate Knights Inc., a Toronto-based organization focused on corporate social responsibility. “I wouldn’t say we need to sound the fire alarm, but certainly it’s time to pause and take a serious look at how we can accelerate our transition to a low-carbon economy.”

The pressure has catapulted climate risk to the top of the agenda in many of Canada’s boardrooms as companies grapple with how to measure, mitigate and disclose potential liabilities. Last year, the board at Suncor Energy Inc. recommended that shareholders approve a proposal put forward by NEI Investments to enhance the company’s climate-related disclosures. Shareholders voted overwhelmingly in favour of the resolution.

There is every reason for advocates of stronger climate change mitigation policies to pressure firms to consider these risks before investing. There are ample examples of how – once a project is built and operating – it becomes politically impossible to shut down, regardless of how much harm it is causing. A classic example is coal-fired power plants in the United States that were built before the Clean Air Act and are thus exempt from the obligation to install scrubbers. Arguably, the entire bitumen sands is a massive example of a terrible idea that has become impossible to discontinue because too much has been invested, too many jobs are now at stake, and governments have become too dependent on royalties and other related revenue.

Isabella Baumfree

Prior to Thursday, I can’t say for sure whether I had heard of Sojourner Truth, an African-American abolitionist and women’s rights activist born into slavery in New York around 1797 and perhaps best known for her “Ain’t I a Woman?” speech.

It’s interesting as a primary source historical document in part because the speech was delivered extemporaneously and the most widely-discussed account, by Frances Dana Barker Gage, seems likely to have been substantially modified.

I am reading Carleton Mabee’s 1993 book Sojourner Truth: Slave, Prophet, Legend.

It will perhaps be a useful corrective to the history of feminism I have been taught in various political science and political theory classes, which in my experience tend to begin with Mary Wollstonecraft‘s A Vindication of the Rights of Woman or with the suffragette movement in Britain or America.

Pullman on authoritarianism and eroded democracy

Along with The Good Man Jesus and the Scoundrel Christ, Phillip Pullman’s essay “Malevolent voices that despise our freedoms” must be one of his most radical pieces of writing. It corresponds to his general concern about lack of oversight over powerful institutions and speaks out powerfully against the authoritarianism that can arise in parallel with public fear:

And the new laws whisper:

We do not want to hear you talking about truth

Truth is a friend of yours, not a friend of ours

We have a better friend called hearsay, who is a witness we can always rely on

We do not want to hear you talking about innocence

Innocent means guilty of things not yet done

We do not want to hear you talking about the right to silence

You need to be told what silence means: it means guilt

We do not want to hear you talking about justice

Justice is whatever we want to do to you

And nothing else

One early passage in his new novel La Belle Sauvage evokes a similar theme:

She tried to keep a steady pace. She had nothing to fear from the police, or from any other agency, except like every other citizen she had everything to fear. They could lock her up with no warrant and keep her there with no charge; the old act of habeus corpus had been set aside, with little protest from those in Parliament who were supposed to look after English liberty, and now one heard tales of secret arrests and imprisonment without trial, and there was no way of finding out whether the rumors were true. (p. 153–4)

Authors like Pullman and Margaret Atwood play a valuable societal role in drawing attention to such dangers: that fear will drive us to hand over control to unaccountable entities and that a drift toward dystopia is possible. Among all the dangers we face, we mustn’t forget the nightmares the state is capable of imposing.

Related:

Jordan Peterson’s crusade

U of T psychology professor Jordan Peterson‘s conduct has increasingly been the subject of public and media criticism. He has gone from refusing to let students choose their own gender pronouns to a much broader critique of university culture. Recently, he proposed to start a website where people could report which of their professors and classes are “indoctrination cults”.

See:

Dr. Peterson is an interesting man and one of the most compelling speakers I’ve been exposed to. I feel like he has seriously lost perspective and become inappropriately convinced that he is being subjected to persecution. If he could abstract himself from his own situation enough to think about it more objectively, I think a section from one of this lectures would lead to him rethinking his conduct:

So life is suffering. What does that do to people? It makes them resentful. These are pitfalls of being. Except being has a structure. One of its fundamental structural elements is suffering. But suffering produces other characteristics of being: resentment is a characteristic of being. People feel resentful when they believe that they’ve been taken advantage of. And if you feel resentful, it may be that you are being taken advantage of. It may also be that you should screw your head on straight and look at things properly. And it may also be that you should talk to somebody to find out if you’re being taken advantage of or if your head just isn’t screwed on straight.

Dr. Peterson started on the comparatively defensible ground of being concerned about how potentially oppressive institutions might unjustly constrain speech, but from the beginning he has been targeting the oppressed rather than the strong. Now he has drifted into the company of aggrieved enemies of supposed “political correctness” who have inverted their understanding of politics to see themselves as oppressed while those like the transgendered are elevated by structures which he must now resist. It’s a dynamic where exposure to people who disagree with you can tend to deepen your conviction that you are actually right, leading to you being more and more isolated and increasingly unable to comprehend the discussion you’re taking part in.

Trouble between the Volga and Urals

Some kind of nuclear accident, probably “involving nuclear fuel or the production of radioactive material” and not a nuclear reactor, seems to have taken place in Russia: Russia named as likely source of Europe radioactivity spike

Continuing a tradition established by the Chernobyl disaster and the Kyshtym disaster, the information comes from radiation monitors in other countries and has so far been denied by Moscow.