Saturday 4 December 2010

What's serious, what's funny, who is authoritative, who is a joke?

I have included this post in the 'Serious' section, because I was slightly 'stung' by your text remark that you thought that some sections of the 'RedBox' were 'very funny'.

I think it is a very serious point on who or what is authoritive.

This is a video that I am putting in the Sources section:




Which can be found at:
http://www.c-spanvideo.org/program/RoleofFe

And this is the 'Funny Video' I put in one of my serious Posts:




What's the difference?

Well actually virtually nothing! Barring a few jokes virtually nothing. In fact the second video is ALMOST a TRANSCRIPT of first.

There are two obvious differences:

1. One is delivered by someone who until 2008 was a very highly respected economist (see below for David Malpass's CV).

2. The other is delivered by two animated 'sock puppets'

There are two other differences:

1. The C-Span interview with David Malpass was received 140 views
2. The 'sock puppets' on Youtube got 3.2 million hits

So why is it that someone who until recently would have been guaranteed a pretty wide audience if he had spoken, now seems to have to rely on his friends knocking up a 'Youtube' video with animated sock puppets, to get his message out?

Well, for that you probably have to have either studied 'Sociology', either in the highly intellectualised form my Mum did (esp. Gramsci on 'Hegemony') or the more diluted form my 19 daughter has just done through 'Media Studies'.

The fact is that 'the powers to be' are deliberately stifling this message, and replacing it with a new one.

You mentioned that you enjoyed reading Antole Kaletsky in the Times. We clearly have different views on Kaletsky. I personally think that he is a complete, Breshnev-era communist-trained and educated crackpot with no experience beyond being a 'hack journalist' and no fundamental understanding or sympathy at all with 'capitalist' economics (see below for Anatole's Kaletsky's  CV).

So why did Kaletsky get a column in 'The Times'?
A: Gordon Brown liked to surround himself with economic crackpots like this, trained in apparatik-style toadying . Murdoch obliged.

Why can't you read Kaletsky so easily anymore?
A: What has happened to Gordon Brown?

OK, so Kaletsky has good things to say, Malpass has soon good (& vice-versa) things to say. But be careful how you are being manipulated here, and how heavy is the manipulation.

AND REMEMBER OUT OF THE MOUTHS OF BABES AND SOCK PUPPETS....

Pete

____________________________________________________________________

Who's who:

David Malpass

A member of the Council on Foreign Relations, Malpass sits on the boards of the Economic Club of New York and the National Committee on United States-China Relations.
Co-author of a weekly column in Forbes


CV
Deputy Assistant Treasury Secretary 1984-88,
Deputy Assistant Secretary of State 1989-93,
former Chief Economist of Bear Sterns,
former Senior Managing Director of Bear Sterns,

How authoritative is/was he? Well:

1. Malpass' team at Bearn Sterns ranked second in the Institutional Investor ranking of Wall Street economists in 2005, 2006, and 2007

2. In 2008 he was important enough to be a member of the US & Global Forum hosted by Jean-Claude Trichet President of the ECB,

3. This man was called to give testimony before a great many US Congressional Committees.


Antole Kaletsky

Mr Kaletsky was born in 1952 in Moscow, USSR and also spent his childhood in Poland and Australia.


He has lived in England and the US since 1966.


Mr Kaletsky was educated at King's College at the University of Cambridge where he graduated with a first class honours degree in Mathematics and at Harvard University, where he was a Kennedy Memorial Scholar and gained a master's degree in Economics.


CV


 1976-9       Journalist with The Economist, writing about business and finance.
 1979-90     Journalist  Financial Times, including New York Bureau Chief, Washington Correspondent,  International Economics Correspondent and Moscow Correspondent.


1990-1996   Economics Editor of The Times, responsible for all economic news and analysis,
1996 to date  Founded Consultancy Practice. The Times’s principal commentator on economic and financial affairs, Editor-at-Large writing for The Times Comment pages on Thursdays and for the Times Business section on alternate Mondays.

As noted on Wikipedia:

Many of his economic predictions have been proven wrong by subsequent events, and this tendency was noted by the satirical magazine 'Private Eye'.


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Note: My harsh judgement on Kaletsky comes from reading this article, which advocates policies that strongly echo those led to the in collapse of the Russian economy in the late 1990s...

...and shows zero understanding of the paramount importance of protecting savers within capitalism economics....

Punish savers and make them spend money

Near-zero interest rates and even a tax on bank deposits are necessary to force those with cash to use it productively

January 8, 2009

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