Delightful proof that getting rich does not make you a deep thinker.
A skeptical look at the self-congratulatory ideology of Silicon Valley.
Interviewed by often worshipful journalists, tech billionaires invariably describe the philosophy that overcame the obstacles to unspeakable riches. Already familiar with myths, Daub, a professor of comparative literature and Germanic studies at Stanford, dug into the murky motivations of Silicon Valley gurus. The result is this slim volume, and readers who worry that a discussion of ideas by an academic must involve a hard slog will be pleasantly surprised. According to the author, there is less than meets the eye to disruptive and revolutionary, adjectives beloved of tech entrepreneurs for ventures better described as “maybe not legal.” Thus, Uber and Lyft are certainly destroying traditional taxi services by making rides cheaper, but this is largely accomplished by paying employees less, converting them to independent contractors with no bargaining power or benefits. Once significant blemishes on a resume, dropping out and even failure have become cool. However, Daub points out that while a member of the White middle class who drops out of an elite college to get rich will likely fail, the result is not the welfare office but rather a return to college and a degree. For the most part, failure only hurts those who have no safety net to catch them. Tech billionaires often extol thinkers who were widely known a generation ago but are less familiar today. They fare poorly under Daub’s gimlet eye. Marshall McLuhan famously wrote that a communication platform exerts more influence than its content, a concept that is catnip to tech entrepreneurs who make platforms. Those who provide content, “be it reviews on Yelp, self-published books on Amazon, your own car and waking hours on Uber,” earn much less, sometimes nothing. Billionaires also remain enamored of Ayn Rand, who argued that the world is divided into creators and parasites and that the creator is above the law.
Delightful proof that getting rich does not make you a deep thinker.Pub Date: Oct. 13, 2020
ISBN: 978-0-374-53864-4
Page Count: 160
Publisher: Farrar, Straus and Giroux
Review Posted Online: July 28, 2020
Kirkus Reviews Issue: Aug. 15, 2020
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
Smart, engaging sportswriting—good reading for organization builders as well as Pats fans.
Prolific writer Benedict has long blended two interests—sports and business—and the Patriots are emblematic of both. Founded in 1959 as the Boston Patriots, the team built a strategic home field between that city and Providence. When original owner Billy Sullivan sold the flailing team in 1988, it was $126 million in the hole, a condition so dire that “Sullivan had to beg the NFL to release emergency funds so he could pay his players.” Victor Kiam, the razor magnate, bought the long since renamed New England Patriots, but rival Robert Kraft bought first the parking lots and then the stadium—and “it rankled Kiam that he bore all the risk as the owner of the team but virtually all of the revenue that the team generated went to Kraft.” Check and mate. Kraft finally took over the team in 1994. Kraft inherited coach Bill Parcells, who in turn brought in star quarterback Drew Bledsoe, “the Patriots’ most prized player.” However, as the book’s nimbly constructed opening recounts, in 2001, Bledsoe got smeared in a hit “so violent that players along the Patriots sideline compared the sound of the collision to a car crash.” After that, it was backup Tom Brady’s team. Gridiron nerds will debate whether Brady is the greatest QB and Bill Belichick the greatest coach the game has ever known, but certainly they’ve had their share of controversy. The infamous “Deflategate” incident of 2015 takes up plenty of space in the late pages of the narrative, and depending on how you read between the lines, Brady was either an accomplice or an unwitting beneficiary. Still, as the author writes, by that point Brady “had started in 223 straight regular-season games,” an enviable record on a team that itself has racked up impressive stats.
Smart, engaging sportswriting—good reading for organization builders as well as Pats fans.Pub Date: Sept. 1, 2020
ISBN: 978-1-982134-10-5
Page Count: 592
Publisher: Avid Reader Press
Review Posted Online: Aug. 25, 2020
Kirkus Reviews Issue: Sept. 15, 2020
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