"Future historians, pondering changes in British society from the 1980s onwards, will struggle to account for the following curious fact. Although British business enterprises have an extremely mixed record (frequently posting gigantic losses, mostly failing to match overseas competitors, scarcely benefiting the weaker groups in society), and although such arm’s length public institutions as museums and galleries, the BBC and the universities have by and large a very good record (universally acknowledged creativity, streets ahead of most of their international peers, positive forces for human development and social cohesion), nonetheless over the past three decades politicians have repeatedly attempted to force the second set of institutions to change so that they more closely resemble the first. Some of those historians may even wonder why at the time there was so little concerted protest at this deeply implausible programme. But they will at least record that, alongside its many other achievements, the coalition government took the decisive steps in helping to turn some first-rate universities into third-rate companies
posted by MartinWisse
on Oct 24, 2013 -
As Andrew Haldane, director of stability at the Bank of England, put it in a historical overview a few years ago, ‘there is one key difference between the situation today and that in the Middle Ages. Then, the biggest risk to the banks was from the sovereign. Today, perhaps the biggest risk to the sovereign comes from the banks. Causality has reversed.’ Yes, it has: and the sovereign at risk is us. The reason for that is that in the UK bank assets are 492 per cent of GDP. In plain English, our banks are five times bigger than our entire economy. (When the Icelandic and Cypriot banking systems collapsed the respective figures were 880 and 700 per cent.) We know from the events of 2008 and subsequently that the financial sector, indeed the whole world economy, is in an inherently unstable condition. Put the size together with the instability, and we are facing a danger that is no less real for not being on the front page this exact second. This has to be fixed, and it has to be fixed soon, and nothing about fixing it is easy.
- "Let's Consider Kate
," John Lanchester, London Review of Books
posted by Rustic Etruscan
on Jul 10, 2013 -
Royal Bodies by Hilary Mantel
"I used to think that the interesting issue was whether we should have a monarchy or not. But now I think that question is rather like, should we have pandas or not? Our current royal family doesn’t have the difficulties in breeding that pandas do, but pandas and royal persons alike are expensive to conserve and ill-adapted to any modern environment. But aren’t they interesting?"
posted by Fizz
on Feb 17, 2013 -
Rebecca Solnit on how Silicon Valley corporations are transforming San Francisco: I weathered the dot-com boom of the late 1990s as an observer, but I sold my apartment to a Google engineer last year and ventured out into both the rental market (for the short term) and home buying market (for the long term) with confidence that my long standing in this city and respectable finances would open a path. That confidence got crushed fast. It turned out that the competition for any apartment in San Francisco was so intense that you had to respond to the listings – all on San Francisco-based Craigslist of course, the classifieds website that whittled away newspaper ad revenue nationally – within a few hours of their posting to receive a reply from the landlord or agency. The listings for both rentals and homes for sale often mentioned their proximity to the Google or Apple bus stops. [more inside]
posted by liketitanic
on Jan 31, 2013 -
Perry Anderson's book length three part series on the history of India from the beginnings of its independence movement
, through independence and partition
into its recent history as a nation-state
is the latest in a series of erudite, opinionated and wordy articles in The London Review of Books by the UCLA professor of history and sociology on the modern history of various countries, so far taking in Brazil, Italy, Turkey, Cyprus, the EU, Russia, Taiwan and France. [more inside]
posted by Kattullus
on Aug 25, 2012 -
Mired deep in financial crisis
, the Greek government of George Papandreou
has sacked the country's military leadership
In a surprise development, Panos Beglitis, Defence Minister, a close confidante of Mr Papandreou, summoned the chiefs of the army, navy and air-force and announced that they were being replaced by other senior officers.
Neither the minister nor any government spokesman offered an explanation for the sudden, sweeping changes, which were scheduled to be considered on November 7 as part of a regular annual review of military leadership retirements and promotions. Usually the annual changes do not affect the entire leadership. [more inside]
posted by Jahaza
on Nov 2, 2011 -
On 200 mg a day of baclofen, in an important meeting with several associate deans of my college and three new department chairs (I was made chair of my philosophy department just a few weeks before I tried to commit suicide), I fell asleep with my head on the conference room table and, for 40 minutes, everyone was too embarrassed to wake me. Somnolence is the most obvious and inconvenient side effect of baclofen. I reduced my dosage to 100 mg a day, and started taking it only at bedtime. A few days later, a colleague asked if I had changed my medicine. ‘Yes,’ I told her. ‘Why do you ask?’ She is German, an analytic philosopher, and therefore very direct: ‘You are drooling less than you were.’ My Life as a Drunk
is a searingly honest essay by novelist and philosophy professor Clancy Martin about his experiences with alcoholism, AA, valium and baclofen
posted by Kattullus
on Jul 1, 2009 -
is a witty and erudite essay by MeFi lurker
John Lanchester in The London Review of Books on how completely and utterly screwed the British economy is. In the process of laying out his case Lanchester touches on varied issues, such Scottish banknotes
, why Alan Hollinghurst's phrase "tremendous, Basil Fawltyish lengths" is applicable to the reaction by the US and UK governments to the banking meltdown, the value destruction of corporate mergers, the invention of modern accounting, and why no one really knows how large a share of the failed banks is owned by governments.
posted by Kattullus
on May 26, 2009 -
The Flow, by Paul Myerscough
That image gives way, quickly and successively, to a series of others: a young black woman smoking, smiling at the camera through a reinforced glass window; three teenage girls in a car, laughing, filmed through the windscreen; a whip-pan to the American flag, pierced by sunlight, drifting in the breeze; a DIY programme on a pixellated TV screen; a ride-along shot of a family in an oversized golf buggy; two different angles of a man alone in a lecture theatre; two more of traffic at night; a woman, suspicious of the camera, wearing a polka-dot dress and partly obscured by glassy reflections; a blurry shot of a long windowless corridor; a man wearing shades in a crowded street; a woman pursued down the cosmetics aisle of a supermarket; and, as Curtis comes to the end of his three short sentences, a woman seen jogging in the wing-mirror of a moving car.
The entire sequence takes 26 seconds. There’s too much to take in. Or, you don’t know what you’ve taken in, and how deep the impression has been.
posted by acro
on Jun 20, 2007 -
At the end of the Cold War, a lot of people professed to believe that the USSR's collapse "proved" that communism/socialism/egalitarianism (delete according to the size of claim you want to make) can never work.
Maybe. But this
got me thinking you could say the same about neoliberalism.
posted by Mocata
on Apr 24, 2001 -
Inside the world of Alcoholics Anonymous:
John Sutherland has a long piece in the London Review of Books on how AA operates and why it works well for some. The article purports to be a review of a biography of Bill W., one of AA's co-founders, but there is very little review in it; it's mainly a discussion of what AA is all about for a British readership. I am not an AA member, but have attended open AA meetings, have AA friends and belong to a different 12-step group so I can say it's a fairly accurate piece, though colored with some quirky opinions and a few opinions I think are wrong. An occasional line is humorous: "If you accept the modest estimate that 10 per cent of the adult population of this country are problem drinkers then you will conclude that the LRB readership will contain some 10,000 of them. And that 1.5 contributors per issue might have to be so classified." Yes. I'd be willing to wager a few quid that 1.5 contributors to almost any periodical have an alcohol problem! Sutherland correctly observes that the anonymous nature of AA means no one will ever be able to track how many people the program has truly "reformed" (an old-school AAer would say no one is ever reformed, they're only recovering a day at a time). The main beef I have with his piece is his statement about other organizations: Weight Watchers is NOT based on AA, though Overeaters Anonymous is; also, I don't think it is fair to say Al-Anon, OA and Narcotics Anonymous are weak imitations of AA.
posted by jhiggy
on Dec 5, 2000 -