From seven years ago. Households vary in size, so take that into account when interpreting. Also: Median income for Jamaican-American households was about $58K. For Nigerian-American households, it was about $65K. Here’s another data-aggregating page.
US income by ethnicity and race: bar-chart data Read More »
Reading up on the crypto-FTX bankruptcy and scandal. Four items of interest: The New York Times after-the-fact: “How Sam Bankman-Fried’s Crypto Empire Collapsed.“ Before the scandal broke: “Stanford Law Profs’ Son Is A ‘Vegan Crypto Billionaire.’“ On of those Stanford law professors, Barbara Fried, wrote “Beyond Blame”, in which she argued that no one is
Should we blame FTX’s Sam Bankman-Fried for anything? Read More »
Background: Here’s a good summary of the Magness/Makovi paper on the influence of politics on Marx’s reputation. Aside from the cheap-shot responses by many of those outraged by the paper, there’s an intriguing philosophical inversion at work among the Outraged. Marx himself argued that the world develops with “iron necessity” in a strict causal priority:
The Outraged versus Magness and Makovi: Un-Marxist Marxists Read More »
A friend sent this t-shirt today. A man is listening to a television advertisement: How much would you pay for the secrets of the Universe? Do not answer yet, you also get this stainless steel pot!! Now how much would you pay? Such a tough pair of questions. I love it.
T-shirt: How much would you pay for the secrets of the universe? Read More »
In my Introduction to Philosophy course we read Sigmund Freud’s Civilization and Its Discontents. In Chapter 5, Freud makes the following strong claim about human nature: “Men are not gentle creatures who want to be loved, and who at the most can defend themselves if they are attacked; they are, on the contrary, creatures among
Freud and original sin Read More »
Reprising this chart which integrates the major answers to the question: What makes liberal capitalism good? The chart diagrams the positive claims about liberal capitalism by its defenders — John Locke, Adam Smith, John Stuart Mill, Ludwig von Mises, Ayn Rand, Friedrich Hayek, Milton Friedman, and others. For elaboration, see my book Liberalism Pro and
Justifying liberal capitalism — flowchart Read More »
John Stuart Mill: “To do as one would be done by, and to love one’s neighbor as oneself, constitute the ideal perfection of utilitarian morality.” Stephen Hicks: “Unless one is a masochist.” (Image by Roland Topor, 1960.) Related: John Stuart Mill’s great work on liberty of thought and expression:
On masochists and the Golden Rule Read More »
In an interview, Foucault responds: “I am simply a Nietzschean, and I try as far as possible, on a certain number of issues, to see with the help of Nietzsche’s texts” (1989, 471). Source: Foucault Live (Interviews, 1961-1984). Edited by Sylvère Lotringer. Translated by Lysa Hochroth and John Johnston. New York: Semiotext(e), 1989, p. 471.)
Is Foucault a Neo-Marxist? Nietzschean datum Read More »