Category: State capitalism
We have little of any pure free market. Much of what private business interests laud as “free markets” is a regulatory state where business manipulates regulators, tax credits and the like – i.e., State capitalism.
Meet the Modern Research University
I got a letter today that says a lot by what it doesn’t say. For all I know, the letter has a “sell-by” date and will disappear down the memory hole when that arrives, so I reproduce it in full:
July 31, 2014
Dear Purdue friends,
Your university is setting records — thanks to our brilliant faculty and our dedicated staff, and thanks to you, our engaged alumni, who have helped us to significant achievements over the past year.
This month, we are reporting a record-setting fiscal year with new marks in commercialization activity and charitable donations, and the second-highest total ever in external research funding.
Already known as an important engine for economic development and growth for Indiana, Purdue announced that a record-breaking number of startups — a total of 24 new companies created from university innovations — launched during the 2014 fiscal year, which ended June 30. These startups, triple last year’s number, are based on patented Purdue University intellectual property and they are a direct result of our efforts to aggressively cultivate a climate of entrepreneurship and to foster technology commercialization.
The creation of the Purdue Foundry last year was a significant step in the process. This startup hub in the Burton D. Morgan Center for Entrepreneurship provides a team of entrepreneurial experts who assist with business plans, product ideation, market analysis, grant writing, legal counsel and more. Along with the Purdue Technology Centers, the Purdue Foundry won the 2014 Incubator Network of the Year award from the National Business Incubation Association, its highest distinction.
The results of this year’s startup activities are a testament to the dedication of Boilermaker researcher-entrepreneurs and the strong support system developed here on campus. As Indiana’s land-grant university, one of Purdue’s most important missions is to move its innovations to the public where we can help our global society and create jobs for Hoosiers. We are making strides on this front as never before.
This news comes along with record-breaking research funding during the past fiscal year as well. External research funding to Purdue saw its largest annual increase during the just-ended fiscal year — a jump of $70 million — to a total of $389 million. These dollars are pouring into our labs and classrooms, into our infrastructure, and into the future of the university. Through this significant investment in Purdue, our researchers are hard at work on projects focusing on converting plant biomass into fuel, reducing hunger and poverty by improving the processing and marketing of key crops, and developing methods to mass-produce new nanomaterials for advanced sensors and batteries, to name just a few.
Supporting these significant gains, we recently announced the merger of our research and global offices into one organization, the Office of Research and Partnerships. This change will facilitate further growth in research funding, which last year included significant awards from Department of Energy, National Science Foundation and the Department of Defense, among others.
The close of the 2014 fiscal year also brought a celebration of the many generous gifts our friends, alumni and partners have made to support our great university. This year’s giving was historic in several ways. Our first-ever Purdue Day of Giving in April raised $7.5 million from more than 6,500 gifts. This figure contributed significantly to the more than $235 million we raised for the year — our 13th consecutive year of more than $200 million — and to a record number of new donors and record funding for student support. It’s clear to me that our faculty excellence and our goals for student success are resonating with our greatest supporters — you.
Some quotes from our generous donors describe their reasons for giving:
“Today is Purdue Day of Giving. My opportunity was granted by my Purdue Promise Scholarship. I love Purdue. Again, thank you so much, Purdue Promise! I couldn’t do it without you and the donors.”— Sophie O., student
“Please accept this gift to the Ag. study abroad department. Our daughter Abbey Amos is in Australia now and wouldn’t have had this opportunity to do this amazing trip without scholarships like this!! Paying it forward so someone else can do the same!”
— Frank and Michele Amos, Purdue parents“Purdue has given me more through academic, social and professional experiences than I have given to the school monetarily or could ever give in any way. Education opens opportunities for individuals to change their lives and the lives around them. I wanted to give because I want to see other students have the opportunities I have been privileged to have through Purdue.”
— Barnard Mondal, a recent graduate and alumnus of Purdue’s Science Bound programEvery gift to Purdue, large and small, means an investment in the future of our university, whether that is research, student success, or facilities. Loyal alumni, friends, corporations and foundations, faculty and staff — and students, too — have given back to Purdue in a truly spectacular fashion. Thanks to this generosity and foresight, we are strengthening Purdue’s leadership in the STEM disciplines, pursuing world-changing research, and transforming how students learn — all while keeping a Purdue education affordable for our students.
As alumni, your remarkable gifts, your reputation for excellence and your inspiring stories are what make our university so great. Thank you for the part you play in our success.
Sincerely,
Mitchell E. Daniels Jr.<
(Emphasis added)
Greater Lafayette is a great place to make a living. I have no reason to think any of Mitch’s claims are bogus. It sounds as if Purdue is succeeding in producing not just cogs in productive gears, but hubs. This is the modern research university.
But I grieve that there is so little pride in actually producing educated individuals, not just entrepreneurs, who may be craven, shriveled souls for all their commercial success. Barnard Mondal is, by my count, the only donor who comes close to maybe valuing education for its own sake.
I guess education simpliciter just doesn’t fit the feedback loop of financial success breeding financial success.
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“The remarks made in this essay do not represent scholarly research. They are intended as topical stimulations for conversation among intelligent and informed people.” (Gerhart Niemeyer)
Snippets (on Pentecost, coincidentally)
- Confirmation bias?
- Intentionality > Consumerism?
- Transcribing, regurgitating and learning
- Free Enterprise®
- The greatest legacy
- Chivalry, Barbarianism and Neurosis
Did it not always fall on Sunday, Pentecost would probably be as poorly attended as Ascension.
Sunday nuggets, 5/25/14
Wednesday, 5/14/14
The Essence of The Essence (4/21/14)
I’m unapologetically light on blogging post-Pascha. Or was that prior sentence a sort of apology?
The Essence of Conservatism is an uneven book, with lots of typos in the Kindle edition (which may be the only form in which the book exists) but it’s well worth $2.99.
- Americans know what they can expect from the left—an endless series of upheavals aiming at utopia. But for too long the right has offered much the same thing, pursuing its own utopia through wars and nation-building abroad and the debt economy at home.
- A mere decade after the end of the Cold War had delivered history to a neat and satisfying conclusion the 9/11 attacks occurred. Along with horror and heartbreak came humiliation. How could 19 thugs armed with nothing more than box cutters have caught the indispensable nation so completely off-guard? Many factors contributed to the United States being surprised. Prominent among them was the self-congratulatory mindset to which Washington had succumbed during the 1990s…
- As Richard Perle and David Frum, co-authors of the agitprop classicAn End to Evil, put it, “There is no middle way for Americans: It is victory or holocaust.” … Along with victory or holocaust there turned out to be a third possibility that Perle and Frum had overlooked: exhaustion resulting from our own folly and malfeasance. (Typo in original)
- Rather than peering deep into the future, the United States is demonstrably unable to see even into next week, with major events—the Arab Spring being the most recent example—catching Washington asleep at the switch.
- The years 1991 and 2001 are commonly treated as breakpoints, markers that inaugurate distinctive chapters of history, the first labeled “Post-Cold War,” the second “Post-9/11.” Yet there is a strong case to be made for amalgamating the two decades into a single period: call it the “era of ideological fantasy,” when U.S. self-regard and Washington’s confidence in its ability to remake the world in America’s image reached unprecedented heights.
- Burkean conservatism has never sat easily with the conditions of American life. Whereas Europe provided conservatism with history and tradition, the United States emerged as a “nation without a past.” That overstates things, but the quest for roots, stability, continuity, and tradition has never been simple here.
- The notion that wisdom somehow lies in the intuitive sense of the majority at any time, Babbitt wrote, “should be the most completely exploded of all fallacies.”
- [T]he really animated core of the political lobby that supports illegal immigration—its mass base, so to speak—is composed of rich homeowners, who desperately want someone to do their dirty work and to do it cheaply.
- The wealth of the very rich is never the product of free enterprise and the free market alone but comes by operating within and exploiting a network of government supports, such as licenses, regulations, subsidies, and contracts. It is the product of a sort of giveaway. [Yes, a conservative just said, in effect, “You didn’t build that.”]
- The way people define themselves is different in a consumer society, with a total focus upon individual self-gratification, than it is in a producer society, with an emphasis on the social consequences and connections of one’s work. It is obviously much more difficult to politically organize masses of people if they all think of themselves as individual consumers or as expressive individualists, each freely choosing his own unique (even if vapid and banal) lifestyle, than to organize masses of people who think of themselves as members of working classes or local communities, who share in common most of the important conditions of their lives.
- [T]he most rational thing about rationality is that it knows its own limits. When even sensible economists forget they are dealing with human beings, we should forget them.
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Roepke’s world collapsed in August 1914. Our world collapsed in September 2008. Both, we can now see, were doomed long before they fell. Out of the ruins what shall we build? Another Tower of Babel, another building too big to fail? Perhaps, if we are wise, we might try smallness for a change.
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Conservatism has become so weak in ideas that during the presidency of George W. Bush, the word “conservative” could be and was applied with scant objection to policies that were starkly anti-conservative. Americans witnessed “conservative” Wilsonianism, if not Jacobinism, in foreign policy and an unnecessary foreign war; record “conservative” trade and federal budget deficits; major “conservative” expansions of the power of the federal government at the expense of traditional liberties; and nonchalant “conservative” de-industrialization and dispossession of the middle class in the name of Ricardian free trade and Benthamite utilitarianism. No wonder the American people are confused and disillusioned by conservatism.
- This is the second action the next conservatism must take: putting power in its place. Tolkien’s ring of power is power itself, which in the long run cannot be used for good.
- [T]he next conservatism should revive the dormant conservative agrarian tradition. As the Amish demonstrate, the small family farm can be economically viable. Organic farming, conservation and restoration of the soil, farmers’ markets and “crunchy cons” should find an honored place in the next conservative agenda. Family farms are good places for children to grow up. While environmentalism is becoming an ideology, conservation and care in the use of God’s creation have long-standing conservative credentials. In turn, agriculture has always been a conservative culture. [Agenda-driven conservatism is an odd fit in this collection of essays that focuses more on disposition than agenda.]
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Another old conservative issue the next conservatism should revive is aesthetics. America may be the richest nation in history, but that has not made it the most beautiful. Strip malls, suburban sprawl, and hollowed-out cities have created an environment few people can love. The New Urbanism offers an alternative that looks to the past to recover traditional designs for towns and cities.
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Having spent 3,000 bloody years replacing the image with the word, should we now be untroubled that television, video games, and computer screens are replacing the word with the image?
- Lukács was a very clever literary critic, who took part in the Communist revolution in Hungary after World War I and joined the government of Béla Kun. As a political commissar, he was responsible for purges, executions, and cultural suppression. When Kun’s government was overthrown, he fled to Vienna, returning after World War II to assist the revolutionary Communist government in purifying Hungary of dissident intellectuals. His career is one long history of crime and deception, yet he has been consistently revered as a leading left-wing thinker: the person who showed us how to apply Marxism to literary criticism and how to understand literature as a genuinely revolutionary force … Heidegger belonged to the wrong set of criminals.
- [T]his weakness in the statist approach of communism is replicated in some capitalist economies—notably here in the United States with the unscrupulous and often corrupt use of eminent domain.
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The real cause of the environmental problems we face is not so much large private enterprises or the pursuit of profit or even capitalism as such. It is the habit we all have of externalizing our costs.
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[S]uburbanization forces millions to go to work in cars everyday when they might have been walking. It requires vast acreages of the countryside to be covered with buildings and roads, destroying natural ecosystems. Yet it goes ahead because it is something that people want, and the cost can be easily externalized onto other generations or people in other parts of the world.
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“My misgivings are not about the wretched architects,” continued Baker, “who must give Washington what it pays for, but about their masters who have chosen to abandon the human scale for the Stalinesque. Man is out of place in these ponderosities. They are designed to make man feel negligible, to intimidate him, to overwhelm him with the evidence that he is a cipher, a trivial nuisance in the great institutional scheme of things.”
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“President Reagan’s deepest soul is not Republican-conservative but New Deal-Second World War Democrat. Thus his well noted preference for citing FDR and Kennedy as noble precedents for his actions rather than Coolidge, Hoover, or even Eisenhower.
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Among the worst aspects of the collapse of traditional conservatism is that my children will grow up in a world in which vulgar and belligerent nationalism will be presented to them as the alternative to leftism.
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[T]his story-with-a-moral assumes American omnipotence: if any evil is committed anywhere in the world—be it the Ukrainian famine, the Rape of Nanking, or the rise of Benito Mussolini—it is only because we Americans selfishly failed to prevent it.
- For the low church conservative, politics is teleocratic—a purpose-driven activity.
- [Evelyn Waugh] famously greeted the removal of Randolph Churchill’s non-malignant tumor with the verdict: “It was a typical triumph of modern science to find the only part of Randolph that was not malignant and remove it.”
- Late in life, during the Second Vatican Council’s alleged golden dawn, Waugh received an invitation to a book launch by self-consciously “progressive” Catholics. He shot back by postcard his unforgettable RSVP: while he would not attend a social meal in the progressives’ company, “I would gladly attend an auto da fé at which your guests were incinerated.”
- … Vatican II, concerning which [Waugh] proved incapable of accepting casuistic official bromides about how the conciliar church was just like the preconciliar church, only 100 times better.
(Favorites bolded)
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“The remarks made in this essay do not represent scholarly research. They are intended as topical stimulations for conversation among intelligent and informed people.” (Gerhart Niemeyer)