Economic inequality is at its highest level since 1928 and is about to increase even more due to automation, this climate of victimization/identity politics is being increasingly forced at a higher level by corporations, a simple way to build goodwill in the public opinion and feel that they are in the right.
Indeed, and we can solve it as it was solved in 1929, through massive economic mismanagement. If the money supply is contracted by a third again we’re guaranteed a large destruction in wealth, reducing inequality. We could use one of the other ways we know work historically too, war or famine. After the Black Death killed 30-60% of the European population there was over 100 years of broad based prosperity, similarly…
The Problem at Yale Is Not Free Speech
131–140 of 182 posts
Re: The Problem at Yale Is Not Free Speech
#132Re: The Problem at Yale Is Not Free Speech
#133Earlier quoted context omitted.
I went to college in the Bay Area and to a small private college with significant portion of very wealthy. Some in the private college concealed their wealth, some didn't. The thing is, most middle or above folks with an once of sophistication can sense the trust fund kid a mile away - most working class can sense something too, just maybe don't know the middle-class from the trust funders. I'm shocked the author was…
> the thing is, most middle or above folks with an once of sophistication can sense the trust fund kid a mile away My experience has been the same as the author's. My college classmates (at Swarthmore) and I were repeatedly surprised when we learned that our friends were trust fund kids. I remember junior year we found out that one kid was super wealthy because he bought a last-minute cross-country plane ticket, firs…
Her classmates were the children of billionaires and sultans. Everyone in the school would know because you could just Google them and find paparazzi pictures of them with the parents.
She said for the most part, they did act like normal teens. Just more aloof because the second they left the school, they had a contingent of people, like bodyguards and chauffeurs. Perhaps people like that change more when they are in college.
Re: The Problem at Yale Is Not Free Speech
#134Earlier quoted context omitted.
> the thing is, most middle or above folks with an once of sophistication can sense the trust fund kid a mile away My experience has been the same as the author's. My college classmates (at Swarthmore) and I were repeatedly surprised when we learned that our friends were trust fund kids. I remember junior year we found out that one kid was super wealthy because he bought a last-minute cross-country plane ticket, firs…
Both of those examples are put-it-on-a-card-and-worry-about-it-later territory for even normal, middle-class people. Super-wealthy is buying a yacht on a whim.
For students without means or parents buying them toys, someone buying an iPhone on a whim because their old broke is rich. Having any money to spend on non-essentials is rich.
Students who can buy an iPhone on a whim because it's just a random expense for their parents would never think of themselves as wealthy - that's the people who go on first class trips and wear designer clothes without thinking twice.
The people who wear overpriced clothes and go on expensive trips don't feel rich either, they don't even have a building at the university in their family name, and no multi-generational wealth.
I briefly went out with the daughter of an Asian billionaire tycoon, the kind with lots of buildings named after. She never mentioned it or brought it up and I wouldn't even have known until it suddenly clicked about her name and the name of some buildings. I never asked her who she orientated upwards to, though. Some richer tycoon's family?
Re: The Problem at Yale Is Not Free Speech
#135I find this piece fascinating. To honor it I offer a tl; dr 1. Author recounts experiences of people lying about their class/wealth at Yale, often feigning less wealth. 2. Explains behavior 1 as style, safety, loss-of-perspective, and avoiding social responsibility 3. Retells several incidents where a vocal minority of students at Yale picked and won battles over verbiage (e.g. emails, Calhoun, "Master of college").…
> All that said, I recommend reading the whole thing if you can find the time. This distillation has only a fraction of the value of the whole piece. Many tangential points are very interesting. Over time, I’ve come to appreciate all of the little things that get left out of summaries like this to the point that I wonder if they might be harmful. In the time it takes to read a summary, it is also possible to read the…
Re: The Problem at Yale Is Not Free Speech
#136I find this piece fascinating. To honor it I offer a tl; dr 1. Author recounts experiences of people lying about their class/wealth at Yale, often feigning less wealth. 2. Explains behavior 1 as style, safety, loss-of-perspective, and avoiding social responsibility 3. Retells several incidents where a vocal minority of students at Yale picked and won battles over verbiage (e.g. emails, Calhoun, "Master of college").…
> 4. Interprets the battles in 3 as at best insignificant and at worst a distraction from real problems of class disparity in America. Contrasts these protests against Vietnam protests. I tend to agree. I view the "tempest in a teapot" protests that go after some academic functionary in the same light as I view most of the animal rights protesters--deeply hypocritical. You don't see these college students go after so…
Re: The Problem at Yale Is Not Free Speech
#137Re: The Problem at Yale Is Not Free Speech
#138I find this piece fascinating. To honor it I offer a tl; dr 1. Author recounts experiences of people lying about their class/wealth at Yale, often feigning less wealth. 2. Explains behavior 1 as style, safety, loss-of-perspective, and avoiding social responsibility 3. Retells several incidents where a vocal minority of students at Yale picked and won battles over verbiage (e.g. emails, Calhoun, "Master of college").…
But I do wonder if the overall interpretation is a little off - the interesting question to me is 'has anything changed'.
Particularly 3 and 8 - was there ever a time the administrators were not spineless bureaucrats? I'd like to interpret that in light of 2, 4, 5, 6 and 7 as the student body is a lot more organised via social media than it used to be, and suddenly students are capable of imprinting an immature, half-formed culture on the university rather than the university imprinting the elite's culture on the students.
Re: The Problem at Yale Is Not Free Speech
#139I think the author is ascribing too much intent to a simple economy of shame that’s omnipresent in all classes; if people find out you have more than they do, they hate you. The author herself appears to be biased by this. She believes that the “rich elites” have a great burden of responsibility towards the world, which she justifies with shaky zero sum logic that suggests that because they have more, they necessaril…
> a bunch of kids trying to avoid being systematically bullied The author thinks the Elite Universities are the center of the world and defines what happends everywhere else. They aren't and they don't. There isn't anything anymore which is "the center of everything". If this was only about rich people at Yale, Harvard, etc, then it would be a storm in a glass of water. It would have no consequence in most universiti…
What happens at Yale sets an example which influences what happens at other universities not just in the US but around the world because Yale has always been the university which educates much of America's ruling class.
Re: The Problem at Yale Is Not Free Speech
#140Earlier quoted context omitted.
> All that said, I recommend reading the whole thing if you can find the time. This distillation has only a fraction of the value of the whole piece. Many tangential points are very interesting. Over time, I’ve come to appreciate all of the little things that get left out of summaries like this to the point that I wonder if they might be harmful. In the time it takes to read a summary, it is also possible to read the…
Having read the article first I found the summary to be helpful. You are suggesting we remove the summary to prevent people coming to false conclusions? I think actually these summaries help us to have more structured discussions?
I haven’t come to any firm conclusions on this matter, so I certainly wouldn’t recommend banning or removing summaries yet. I did, however, want to point out a potential downside of them that I hadn’t seen anyone talking about, so that can inform people’s future decisions to write and post such things.