Tuesday, July 30, 2024

Review of The Status Game: On Human Life and How to Play It by Will Storr

This book review was written by Eugene Kernes   

Book can be found in: 
Genre = Sociology
Book Club Event = Book List (12/14/2024)
Intriguing Connections = 1) To Cooperate Or To Defect?, 2) War for Your Attention


Watch Short Review

Excerpts

“We don’t feel like players of games.  We feel like heroes in stories.  This is the illusion the brain spins for us.  It makes us feel as if we are the hero at the centre of the universe, orbited by a cast of supporting characters.  The goals of our lives are the plots that consume us, as we overcome obstacles and strive nobly towards happy endings.  This brain-generated story is self-serving, motivating and convincing in its tiniest details.  It feels real because it’s the only reality we know.  But it’s a lie.” – Will Storr, Chapter 3: An Imagined World of Symbols, Page 32

“Much of the rest of human life is comprised of three varieties of status-striving and three varieties of game: dominance, virtue and success.  In dominance games, status is coerced by force or fear.  In virtue games, status is awarded to players who are conspicuously dutiful, obedient and moralistic.  In success games, status is awarded for the achievement of closely specified outcomes, beyond simply winning, that require skill, talent or knowledge.” – Will Storr, Chapter 5: The Three Games, Page 51

“There’s no happy ending.  That’s the bad news.  But this is not how life feels.  To be alive, and to be psychologically healthy, is to be vulnerable to the story of consciousness that tells us that with one particular victory, with that peak finally climbed, we’ll be satisfied.  Peace, happiness and delicious stillness will be ours.  This, sadly, is a delusion.  We’ll never get there because partly what we’re doing is playing a game for status.  And the problem with status is, no matter how much we win, we’re never satisfied.  We always want more.  This is the flaw in the human condition that keeps us playing.” – Will Storr, Chapter 11: The Flaw, Page 101


Review

Is This An Overview?

Status is a social resource.  People seek to obtain status, and fear the loss of status.  Status is made through social interaction, by being superior to others.  Status is a source of meaning, and can be found in any system that has people interacting with each other.  Gaining status brings joy, while losing status feels dreadful.  Status can inspire people to attain skills, and knowledge, and develop inventions and create wealth that improves society.  Status can cause people to lie, cheat, and commit atrocious acts.  For status, each individual becomes the protagonist of the story, that they are a better person, no matter their behavior.  The flaw with status is that status is insatiable.  The expected happiness after an achievement, is transient.  Causing people to keep playing the status games.  The want for sustained happiness cannot be earned by playing the status game. 

 

The way to earn status depends on the game being played.  There are three types of games.  A single type might be prominent in an interaction, but status games are usually a mix of the types.  The three types of games are dominance games, virtue games, and success games.  Dominance games are about coercion and fear.  Virtue games are about being conspicuously dutiful, obedient, and moralistic.  Success games are about achievement of outcomes.  Different cultures have different ways to attain status or lose it.  Status in one game, does not necessarily transfer to having status in another game.

 

Humans are social animals, and have a desire to belong.  While belonging in a group can be mentally and physically rewarding, isolation can make people unhealthy.  Being part of a group changes how people think, deferring to the group and accepting the groups’ values as their own.  People will even believe very wrong ideas to be part of the group.  To be part of a status game, the brain filters and distorts information received, interprets information in a self-serving way.  Simplifying reality to make the individual and their group appear better than others. 

 

Caveats?

Diverse examples on the effects of status are provided, but they are explained in a similar manner.  There is a systematic analysis of status, but the information can become repetitive.


Questions to Consider while Reading the Book

•What is the raison d’etre of the book?  For what purpose did the author write the book?  Why do people read this book?
•What are some limitations of the book?
•To whom would you suggest this book?
•What is status?
•What is the problem with status?
•How does status effect how people think?
•How does status effect people’s physical health?
•How do people experience the reality?
•What are the types of status games?
•How is the dominance game played?
•How is the virtue game played?
•How is the success game played?
•How does belonging and isolation effect a person? 
•How does an individual feel in their own narrative? 
•How do symbols effect status?
•How do higher and lower status people behave? 
•How do people detect status? 
•Does status make people happier? 
•How does changes in average income effect happiness?
•Is status cultural? 
•How do people behave when they are status drunk?
•How do people react to high-status people?
•What is humiliation?
•How does status effect tribal behavior?
•How do people police status?
•What effect does humiliation have on people?
•When does status start effecting people?
•How does status effect what people believe? 
•How does intelligence effect status?
•Why did Ben Gunn not want to leave prison? 
•How did status effect Ed Kemper?
•How did status effect Ted Kaczynski?
•How did status effect Elliot Roger? 
•How does status work in CrossFit?
•How did status effect Enron? 
•How does social media affect status?
•How does status effect egalitarian societies, such as hunter-gatherer societies?
•How does status effect India’s untouchables?
•What causes a revolution?
•How did status effect The Great Mothers Questioning Vaccines?
•How did status effect child abuse cases?
•How did status effect Germany?
•How does status effect terrorism?
•How did status effect Russia? 
•How did status effect Christianity?
•How did status effect science? 
•How did status effect Venice?


Book Details
Publisher:               William Collins [HarperCollinsPublishers]
Edition ISBN:         9780008354657
Pages to read:          308
Publication:             2022
1st Edition:              2021
Format:                    eBook 

Ratings out of 5:
Readability    5
Content          5
Overall          5






Friday, July 26, 2024

Review of The National System Of Political Economy by Friedrich List

This book review was written by Eugene Kernes   

Book can be found in: 


Watch Short Review

Excerpts

“Afterwards, when the dominion of the seas had passed into the hands of the Dutch another policy became prevalent in reference to piracy.  When the Hanseatic League were supreme at sea, the pirate was considered as the enemy of the civilised world, and extirpated wherever that was possible.  The Dutch, on the contrary, regarded the corsairs of Barbary as useful partisans, by whose means the marine commerce of other nations could be destroyed in times of peace, to the advantage of the Dutch.” – Friedrich List, Chapter 2: The Hansards, Page 11

“History everywhere shows us a powerful process of reciprocal action between the social and the individual powers and conditions.  In the Italian and the Hanseatic cities, in Holland and England, in France and America, we find the powers of production, and consequently the wealth of individuals, growing in proportion to the liberties enjoyed, to the degree of perfection of political and social institutions, while these, on the other hand, derive material and stimulus for their further improvement from the increase of the material wealth and of the productive power of individuals.” – Friedrich List, Chapter 10: The Teachings of History, Pages 60-61

“History teaches that arts and trades migrated from city to city, from one country to another.  Persecuted and oppressed at home, they took refuge in cities and in countries where freedom, protection, and support were assured to them.” – Friedrich List, Chapter 10: The Teachings of History, Page 62


Review

Is This An Overview?

What cannot be produced domestically, needs to be obtained through international trade.  Sovereign states are limited in what they can produce due to resources, industry, and politics.  States prefer and benefit from free and unrestricted trade when they have an agrarian economy, as they can export surplus agriculture products in exchange for manufactured products and metal resources.  Trade policies change to become more restricted when the state develops their culture and industry. 

 

States borrow skills and manufacturing ability from others, but then protect them domestically.  Competition has the effect of improving the production ability of the competitors, but when domestic producers want more market share, they use their power to appeal to political representatives.  Domestic producers ask for restricting foreign competition, and the politicians tend to oblige. 

 

Social and political institutions effect the ability to produce material wealth.  States that had more liberty, had more production ability.  Liberty brings with it industry, invention, and enterprise.  People who are persecuted in a state, take their skills to states that would support them.  Infrastructure accompanies the development of manufacturing ability, to enhance access to the market.

 

Caveats?

This book is difficult to read, with antediluvian references.  A diverse history of trade is presented, but more research will be needed to understand any state or situation.  Various economic ideas remain valid, but their explanations have been improved.  


Questions to Consider while Reading the Book

•What is the raison d’etre of the book?  For what purpose did the author write the book?  Why do people read this book?
•What are some limitations of the book?
•To whom would you suggest this book?
•What is free trade?
•Who benefits from free trade?
•When do states impose trade barriers?
•How did piracy effect trade? 
•How did states obtain and develop their own industries?
•How were infant industries handled?
•How did monopoly power effect geopolitics? 
•What do social and political institutions effect material wealth and productive ability?
•How many people can survive off a piece of land? 
•How does the production of wealth effect states?
•Is international trade needed?
•How does political power effect trade?
•How does industry effect agriculture? 
•What is capital?
•What is rent? 
•What is the history of trade for France?
•What is the history of trade for Germany?
•What is the history of trade for Italy?
•What is the history of trade for Netherlands?
•What is the history of trade for Portugal?
•What is the history of trade for Russia?
•What is the history of trade for Spain?
•What is the history of trade for United Kingdom?
•What is the history of trade for United States of America?

Book Details
Original Language: German
Translated Into:       English
Publisher:               CreateSpace Publishing
Edition ISBN:         9781544034942
Pages to read:          239
Publication:             2017
1st Edition:              1841
Format:                    Paperback  

Ratings out of 5:
Readability    1
Content          3
Overall          2






Monday, July 22, 2024

Review of Misunderstanding Financial Crises: Why We Don’t See Them Coming by Gary Gorton

This book review was written by Eugene Kernes   

Book can be found in: 
Intriguing Connections = 1) What Goes Into An Economic Crisis?


Watch Short Review

Excerpts

“Panics are not irrational events.  Panics happen when information arrives about a coming recession.  It is the fact that there are potential problems with banks that causes a run.  It is not the other way around, that runs cause problems for banks.  We will see that this underlying problem of runs is distorted when consumers and firms do not run because they expect the government to act; but runs are still the underlying problem.” – Gary Gorton, Chapter 1: Introduction, Page 5

“Banks create debt so that people and firms have a way to transact.  To produce debt that people and companies find useful for transactions is not easy.  It would be best if this debt were riskless, like modern government-produced money, because then it would be very easy to transact.  People and companies would accept the money without questions.  But private firms cannot create riskless debt, and that is the basic problem.  Unlike other products, bank debt comes with a kind of contractual warranty: if you don’t want it anymore, the bank has to return all your cash.  But there cannot be enough cash, because the cash is lent out, leading to a multiplying process creating more than a dollar of bank debt for each dollar of cash.  The cash cannot be returned fast enough.” – Gary Gorton, Chapter 1: Introduction, Page 6

“Markets are liquid when all parties to a transaction know that there are probably not any secrets to be known: no one knows anything about the collateral value and everyone knows that no one knows anything.  In that situation it is very easy to transact.  The situation where there is nothing to know or nothing worth knowing – no secrets – is desirable and allows for efficient transactions.” – Gary Gorton, Chapter 4: Liquidity And Secrets, Page 48


Review

Is This An Overview?

Financial crises are inherent in a market system.  Financial crises occurred before and after a centralized currency, before and after the development of a central bank.  Each crisis has different characteristics, but a common structural cause.  Financial crises occur when people and firms do not want the product of a bank.  The product of a bank, is debt.  Debt is used for transactions.  Different eras have different forms of bank debt, such as banknotes and repurchase agreements.  The debt is not riskless, and banks do not hold the cash needed to repay all the debt, as they lend out cash. 

 

Debt is used for transactions, which depends on the lack of secrecy.  That each party knows the value of the collateral being exchanged, and neither knows more than the other.  But when people become uncertain of the value of bank debt, people trigger a bank run.  No matter the form of the debt, crisis are caused by an avoidance of what the bank have to offer.  Crisis are triggered by the panic that ensues. 

 

A panic caused by problems with the banks, rather than panics causing the bank problems.  A financial crisis is when many consumers and firms are demanding more cash from the banking system than what the banks can provide, a contractual demand that the banking system cannot satisfy.  Events that cause a crisis are unpredictable, but the financial systems’ fragility can be observed.  Financial system fragility depends on the amount of credit outstanding.  Before a financial crisis, there is a credit boom that increases the financial systems’ fragility. 

 

Caveats?

This book provides an introduction to the cause of financial crises.  More research would be needed understand any specific crisis.  

 

The book can be difficult to read.  There are a variety of excerpts provided to be historic evidence to claims, but they have mixed results.  The excerpts can help explain the situation or be distracting.


Questions to Consider while Reading the Book

•What is the raison d’etre of the book?  For what purpose did the author write the book?  Why do people read this book?
•What are some limitations of the book?
•To whom would you suggest this book?
•Does using math in economics make economics more scientific? 
•How is economic knowledge formed?
•Why did economists not think a crisis was possible?
•What is the Quiet Period? 
•What is the cause of a panic?
•What is a financial crisis?
•Is each crisis different? 
•What is the purpose of debt?
•Does debt have a contractual warranty?
•How does the bank use cash? 
•What are the kinds of bank debt?
•What happens when the government intervenes? 
•What is the Free Banking Era?
•What is a banknote detector?
•How does secrecy effect transactions and debt?
•What is liquidity?
•What is ‘breaking the buck’?
•What is securitization? 
•What is ‘flight-to-quality’?
•What are clearinghouses?
•What happens during a boom period that affects a crisis? 
•What are credit booms?
•Do banks want to use the discount window during a crisis? 
•Why is the banking system considered too big to fail? 
•What is moral hazard?


Book Details
Publisher:               Oxford University Press
Edition ISBN:         9780199922901
Pages to read:          217
Publication:             2012
1st Edition:              2012
Format:                    Hardcover 

Ratings out of 5:
Readability    3
Content          4
Overall          3






Thursday, July 18, 2024

Review of Aztecs: A History From Beginning to End by Henry Freeman

This book review was written by Eugene Kernes   

Book can be found in: 
Intriguing Connections = 1) What Is The Power Of Belief Systems?


Watch Short Review

Excerpts

“The deity Coatlicue has both female and male qualities, which is often the case in the Aztec cosmology.  As the decapitated Aztec goddess of the earth, she wore a skirt made of snakes and a necklace of severed human hands and excised human hearts.  Her role as both creator and destroyer of life has been emphasized in interpretations and also symbolizes the ambivalence of nature.” – Henry Freeman, Page 9 

“In adopting the Toltec form of ruling with different ruling “houses,” their system was not really a true fit to the European notion of empire, but more like a confederate system of allied lineage and calpulli clan structures.  This allowed for autonomous home rulers when they conquered areas and a system of tribute collection that enforced their dominance and gave them economic control over conquered populations.  Calpullis are considered the fundamental unit in the social pecking order of Aztec society.” – Henry Freeman, Page 14

“Theirs was an anthropomorphic world, and the sacrifice of the two gods meant that there was a cosmic responsibility to sacrifice to continue the new age.  Scholars do not think that the Aztecs tolerated challenges to the established social order.  Priests, shaman, and magicians gained immense status, as they were able to use scientific knowledge, astrology, and religious beliefs that they coveted to support their authoritative predictions.” – Henry Freeman, Page 24


Review

Is This An Overview?

Through their belief system, Aztecs valued life as they understood life to be transient.  That nature was cyclical, that nature could give life and take life away.  Sacrificing to their deities was part of their code for living, for the deities sacrificed, and the people needed to continue the practice.  Status affected what was to be sacrificed, but none could escape the inevitable catastrophes.  Science and religion were intertwined, and reinforced each other.  They had techniques for hydraulic engineering, which were used to reclaim swamp territory.  The political system was based on an alliance of clans, a decentralized network.  Geopolitics caused tension between different groups, with alliances forming to overcome tyranny of another.  Trade existed along with a tribute system.  An Aztec market was part of the culture, which had various guilds that held enough power and authority to enforce behavior. 

 

Caveats?

This is an introductory book.  To understand more about the Aztecs would require more research.  This book provides various sources for learning about the complexity of Aztec society. 


Questions to Consider while Reading the Book

•What is the raison d’etre of the book?  For what purpose did the author write the book?  Why do people read this book?
•What are some limitations of the book?
•To whom would you suggest this book?
•What are Mexican origin myths?
•Who was Coatlicue? 
•What are the references to the different Suns?
•Who sacrificed what?
•Why were sacrifices part of the culture?
•How authority structured?
•How did trade effect society?  What role did the market have in society? 
•What power did the guilds have?
•What happened to the Tepanecs?
•Was there social mobility? 
•What was the class structure?
•Where did the Aztecs build their temple?
•How did science and religion effect each other?
•How many souls did the individual have?
•What happened to people when they died?


Book Details
Publisher:               Henry Freeman
Edition ISBN:         2940153340340
Pages to read:          33
Publication:             2016
1st Edition:              2016
Format:                    eBook 

Ratings out of 5:
Readability    5
Content          3
Overall          3






Sunday, July 14, 2024

Review of The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein

This book review was written by Eugene Kernes   

Book can be found in: 
Book Club Event = Book List (01/25/2025)



Watch Short Review

Excerpts

“A more accurate term for a system that erases the boundaries between Big Government and Big Business is not liberal, conservative or capitalist but corporatist.  Its main characteristics are huge transfers of public wealth to private hands, often accompanied by exploding debt, an ever-widening chasm between the dazzling rich and the disposable poor and an aggressive nationalism that justifies bottomless spending on security.”– Naomi Klein, Chapter Introduction: Blank Is Beautiful, Page 18

“The principle was simple: countries in crisis desperately need emergency aid to stabilize their currencies.  When privatization and free-trade policies are packaged together with a financial bailout, countries have little choice but to accept the whole package.  The really clever part was that the economists themselves knew that free trade has nothing to do with ending a crisis, but that information was expertly “obfuscated.”” – Naomi Klein, Chapter 9: Crisis Works, Page 206

“That is pretty much the philosophy: stay in government just long enough to get an impressive title in a department handing out big contracts and to collect inside information on what will sell, then quit and sell access to your former colleagues.  Public service is reduced to little more than a reconnaissance mission for future work in the disaster capitalism complex.” – Naomi Klein, Chapter 15: A Corporatist State, Page 398


Review

Is This An Overview?

With disaster comes opportunity, a market opportunity.  Disasters are used to impose drastic changes on society, using shock therapy, rather than gradual changes.  Disasters are a shock to the system that enables policies to be accepted that would not have been acceptable otherwise.  To receive support or loans, sovereign states facing disaster are given conditions which generally include privatization, deregulation, and reduction in social spending. 

 

This has the effect of enacting policies that are favorable to markets, and gives access to foreign firms to buy resources and buyout domestic firms.  Resources and firms are sold relatively cheap, as the economy is facing disaster.  This is how disaster capitalism works.  Disaster makes sovereign states vulnerable to accept policies they would not otherwise accept, policies that are a form of colonialism.  The effect of shock therapy is to transfer public wealth to private individuals and groups, increase debt, and exacerbate inequality.  This situation is created by government and businesses working together.

 

The form of the disaster is not relevant.  Whether caused by nature or political conflict.  Although there had been many disasters available to which shock therapy was applied, there were disasters that were created.  When the democratic process chose means that were not favorable to those who were ready to take advantage of a disaster, methods were used to create a crisis such as the removal of democratically elected leaders and policies.  Replacing them with favorable leaders.  Undermining the democratic process, often with violent means.  Instituting and imposing authoritarian measures while claiming to that they are for liberty and the improvement of society.

 

Before disaster capitalism, societies wanted to avoid crises as that hurt the economy and the people.  Due to disaster capitalism, disaster has become profitable.  Rather than losing money due to a disaster, the economy benefits from a crisis.  Even when imposing a crisis on another economy.  Various firms profit from war activities, and then reconstruction efforts.  Firms are being rewarded with rebuilding what they enabled to destroy.  While war activity is compensated, the victims of disaster are not appropriately compensated.

 

Caveats?

The effects of shock therapy are considered from a variety of events from diverse sovereign states.  Many details are provided on the events, but there can be too many details or lack relevance which takes the focus away from a systematic account of the topic.  Even with the details provided, the reader would need to do more research to understand each event. 

 

This book challenges the myths of how effective economic policies have been.  The problem is that the author challenges the myths by providing myths.  This book is a form of destructive tribalism, in which the ideas and people who are the target of the book, are assumed to have an essence.  That anyone who engages with them shares all the same terrible ideas throughout time.  All the harm that is done, the author holds the target group responsible.  When a totalitarian sovereign state considers and changes their economy to be even a little more aligned with the target group, the target group is considered to be responsible for all the totalitarianism.  When the opponents of the target group have power and effect policies that are similar to what the target group wanted, the target group is considered responsible. 

 

Much like how the author criticizes the target group for wanting a pure market system without government, the author wants the targets to appear purely evil. The targets of the book are provided a one-sided narrative, and are given responsibility for every negative consequent.  The author references books written by the targets, but the content in those books that contradict the author’s claims are not referenced. 

 

The focus of the book is when the target group uses disasters for policy opportunities, even though there were a few references to non-target groups using disasters for policy opportunities.  By focusing only on a single target group and making them responsible for everything, has the effect of hiding and empowering other groups who use disasters for their benefit.  


Questions to Consider while Reading the Book

•What is the raison d’etre of the book?  For what purpose did the author write the book?  Why do people read this book?
•What are some limitations of the book?
•To whom would you suggest this book?
•What is disaster capitalism? 
•What is shock therapy? 
•What was the outcome of Hurricane Katrina? 
•What are demands of International Monetary Fund policies? 
•How is the democratic process treated for states undergoing shock therapy? 
•How does shock therapy effect inequality?
•What does it mean to be corporatists?
•How does torture (a.k.a. coercive interrogation) work?
•Can a person be repatterned? 
•How is a state tortured? 
•What happened to the U.S. domestic and foreign policy after 9/11?
•How is Friedman involved in shock therapy?
•What is the source for problems with the economy according to Friedman? 
•How are Keynesians involved in shock therapy? 
•What happened to the communist versus capitalist struggle after the collapse of the Soviet Union? 
•What does it mean to have a mixed economy? 
•What defines an enemy combatant?
•Why use an academic to create policy rather than a firm? 
•What kind of bailout package do states in a crisis receive? 
•Who benefits from shock therapy?
•Who loses from shock therapy?
•What kind of statistics did the International Monetary Fund provide? 
•What language is used to make shock therapy appear necessary? 
•How does shock therapy effect the culture of the state its applied to? 
•How do companies get their contracts? 
•How do government employees think of their government? 
•How did shock therapy effect Argentina?
•How did shock therapy effect Asian Tigers?
•How did shock therapy effect Bolivia?
•How did shock therapy effect Chile?
•How did shock therapy effect China?
•How did shock therapy effect Iraq?
•How did shock therapy effect Israel?
•How did shock therapy effect Poland?
•How did shock therapy effect Russia?
•How did shock therapy effect South Africa?
•How did shock therapy effect Sri Lanka?
•How did shock therapy effect United Kingdom?
•How did shock therapy effect United States of America?


Book Details
Publisher:               Picador [Henry Holt and Company]
Edition ISBN:         9780312427993
Pages to read:          587
Publication:             2007
1st Edition:              2007
Format:                    Paperback 

Ratings out of 5:
Readability    5
Content          4
Overall          3