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Monthly Archives: October 2019
Alan Moore created Rorschach to dunk on Randian superheroes – Polygon
Posted: October 24, 2019 at 11:13 am
Rorschach, whose visage is prominently featured in HBOs new Watchmen series, is a growly detective who wears a mask, hunts criminals, and refuses to compromise on his principles. That probably sounds familiar.
But Rorschach isnt parodying the icon with pointy ears and the cape. His black and white moral ideals are a political philosophy that Watchmens writer, Alan Moore, found laughable, not laudable.
Heres the real comic book origin story of Rorschach, starting with something that seems obvious, until you realize its anything but.
At least, not primarily.
In the early stages of conception, Moore planned for the leads in Watchmen to be heroes from the stable of Charlton Comics, which DC Comics had recently acquired. But when DC editorial decided theyd rather incorporate those characters into the main DC Universe, Moore and artist Dave Gibbons created original characters to evoke similar well-known comic book archetypes. Doctor Manhattan evolved from a carbon copy of Captain Atom to a parallel for Superman. The Comedian mashed the Peacemaker with Nick Fury.
And it would be easy to assume, in this era, that Rorschach is supposed to represent Batman. After all, Batman is exactly the kind of guy who opens a comic by monologuing about how dirty his city is. Batmans traumatic past has transformed him into a criminal-hating revenge machine who mistrusts all authority. Batman smashes through windows to interrogate thugs by breaking ribs and fingers.
But Rorschach isnt solely based on Batman because Batman wasnt any of those things when Watchmen was written. The Batman of the early 80s was darker than his 1960s counterpart, certainly, but he was still gadget-loving and justice-devoted. What we consider the foundational texts of our modern idea of Batman The Dark Knight Returns (1986), Batman: Year One (1987), Alan Moores own The Killing Joke (1988) simply had not been written yet when Watchmen #1 (1985) came on the scene.
The schlubby Nite Owl (who evolved from a retread of Blue Beetle) is just as much a Batman analogue as Rorschach, with his nocturnal animal theme, his basement full of gadgets, and his fancy vehicle with its onboard flamethrower.
Rorschach owes his ideals, his visual design, and his penchant for violence, to a couple of other characters who were doing the Late-80s-Batman thing way before Batman. Namely, the vigilante detectives known as the Question and Mr. A.
Mr. A first appeared in a 1976 issue of the underground comics anthology series witzend, as a vigilante who wore an impassive steel mask and the wardrobe of a 1940s private detective fedora, suit, and tie but all in white. His calling card was a literal card with a half-black, half-white face, symbolizing his belief that there was no grey area of morality, only good and evil. And, of course, he was the enlightened man who could tell the difference.
Less than a year later, the Question came on the scene, as a backup feature in Blue Beetle. He was a vigilante who also dressed like a 1940s private detective and wore a pseudoderm mask that made him appear to be entirely without facial features. But unlike his other Silver Age comics contemporaries, hed leave the occasional criminal to drown if he felt they deserved it.
The Question and Mr. A were both from the pen of writer-artist Steve Ditko, one of the co-creators of Spider-Man. The reason they seem so similar is that the Question was simply Ditkos attempt to make Mr. A fit into Comics Code restrictions, which would make him a much more lucrative project.
Both characters were Ditkos way of expressing his politics through the superhero metaphor.
Ditko was an avowed Objectivist, following the philosophy first espoused by Ayn Rand, which rejects altruism for the individualistic platform that mans moral obligation is to achieve his own happiness and act as his own judgement determines. Therefore, unobstructed free capitalism is the only moral society, and the only role of the government is to provide police, armed forces, and objective courts.
With Mr. A and the Question (and a few other characters, notably DCs Hawk and Dove) Ditko sought to express that philosophy through fiction, much as Rand herself had done with novels like The Fountainhead and Atlas Shrugged. And naturally, with superhero comics as his genre of choice, that meant that Mr. A and Ditkos Question (though other creators would shift the Questions ideology significantly) were dealers of Objectivist justice.
Fools will tell you that there can be no honest person, Mr. A tells the reader in one story, That there are no blacks or whites ... that everyone is grey! [...] When one knows what is black, evil, and what is white, good, there can be no justification for choosing any part of evil! Those who do so choose, are not grey but black and evil ... and they will be treated accordingly!
In another Mr. A story, Ditko presents a hippie in tattered clothes and hair as the enemy of the good, as the man exhorts the masses to follow his brotherhood of the collective. We must banish individual selfishness, rights, property and good! [...] There is no one truth, but a truth that works for the common good! No differences are important! Better or worse is a cruel hoax! All must blend into equality! Ignore impotent reason and logic! Forget right or wrong!
Ditkos implication is that an altruistic push for equality, peace, and the haves helping out the have-nots is the path to a slave society. The bamboozled men taken in by the hippies words agree: Some guys never learn to compromise, to give in ... stubborn ... wont listen to reason ... greedy ... wont share their good fortune ... they need a practical lesson in getting a long with people.
Its not hard to see the path from Mr. A to Rorschach, who refused to compromise even in the face of armageddon.
Moore has minced no words about how he never intended Rorschach to be a laudable hero. And over the years, hes also talked about his opinion of Ditkos openly Randian leanings.
The writer respected Ditkos commitment to putting his politics in his art, telling Comic Book Artist magazine that that in some ways set him above most of his contemporaries. But he felt pretty differently about the content of those politics.
I have to say I found Ayn Rands philosophy laughable, Moore continued. It was a white supremacist dreams of the master race, burnt in an early-20th century form. Her ideas didnt really appeal to me, but they seemed to be the kind of ideas that people would espouse, people who might secretly believe themselves to be part of the elite, and not part of the excluded majority.
Moore and Gibbons Rorschach isnt the shining example of the philosophy that Mr. A represents. Rather than exhibiting objective moral beliefs about every persons right to pursue their own happiness, he is a casual misogynist and homophobe. His closest allies find him, at best, off-putting and hard to get along with contrary to Randian reasoning, his commitment to his ideals has not brought him personal success or happiness.
Rorschachs final act of Watchmen, in which he refuses to keep Ozymandias hoax a secret, is considered by many to be the characters most purely heroic moment. But its an empty one, as Rorschach believes that hes already spoiled the whole thing by mailing his journal to the New Frontiersman. Moore and Gibbons had a different idea in mind: Not self-motivated heroism of the individual, but the self-imposed tragedy of individualism.
We realized Rorschach wouldnt survive the book, Moore told the BBC documentary Comics Britannia. It just became obvious; we realized that this was a character if ever there was a character that had a king-sized death wish. He was in pain, psychological pain, every moment of his life, and he wanted out of it, but with honor in whatever his own twisted standards of honor might have been.
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Alan Moore created Rorschach to dunk on Randian superheroes - Polygon
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How Has The Right Shifted Tactics On Climate Change? A Debate In Boulder Had Some Answers – Colorado Public Radio
Posted: at 11:13 am
If you think youve heard every argument about climate change, you werent at a debate at CU Boulder on Monday.
It pitted Alex Epstein, a leading conservative voice on climate change and the author of "The Moral Case For Fossil Fuels," against Robert F. Kennedy Jr., an environmentalist likely best known as a leader in the anti-vaccine movement.
The question before them: Should the world radically restrict fossil fuels to prevent climate change?
Epsteins answers revealed how some on the right have shifted tactics on climate change. Rather than focusing on science, he emphasized all the good fossil fuels have done for humanity and what society may have to give up to move to alternatives.
A few hundred people packed a vast auditorium on campus to hear Epstein and Kennedy square off. Many worked in the oil and gas industry and wore I Love Fossil Fuels or Colorado Energy Strong buttons. Some paid $300 to attend a VIP meet-and-greet ahead of the event, stocked with wine and chocolate mousse cups.
Fox News contributor Guy Benson moderated the debate. Right at the start, he told the audience that hes a center-right kind of guy, then added another point.
We're not up here debating whether climate change exists, he said before shifting into an impression of President Donald Trump with a single finger framing either side of his face. There's no one up here saying: It's a total hoax made up by China."
That comment won a laugh from Epstein, who wore a gray blazer and read notes off of an iPad. A philosopher and a past fellow of the Ayn Rand Institute, Epstein is now the founder and director of the Center for Industrial Progress, a for-profit think tank.
Epsteins main argument is that eliminating fossil fuels would come at a major cost to human flourishing. In particular, he said it would deny the worlds poorest access to cheap, reliable energy.
If we want more people in the world to have long, healthy, opportunity-filled lives, we need to continue our massive use of fossil fuels, he said. And we actually need to expand it.
Epstein has been tagged as a climate denier in the past. While he rejects the label, he did quibble with some widely accepted points of climate science during the debate.
For example, he said he believes humans have contributed to some warming but not run-away, catastrophic warming. Scientists have long connected human society to a rapid rise in atmospheric carbon. The latest report from the United Nations Intergovernmental Panel On Climate Change also warns of the major toll climate change could take on humans, by fueling things like food shortages and massive wildfires, no later than 2040.
As a debate opponent, Kennedy largely shared Epsteins admiration for free-market capitalism. While he said he doesnt support a radical restriction of fossil fuels, he is in favor of market-based solutions like a price on carbon. Such a policy, he said, would force companies to cover the cost of greenhouse gas emissions, rather than passing those costs to the public.
Cleaning up your mess is a lesson we were all supposed to learn in kindergarten, he said.
At some points, Kennedy also veered off track and tried to debate Epstein about vaccines.
Republican CU Regent Heidi Ganahl founded the Free To Be Coalition, the campus free-speech group that organized the debate. When asked why her group chose two such controversial participants, she said the students involved wanted to bring intellectual diversity to campus.
We need to stop labeling people and start listening to people, she said.
Cory Katuna, a 28-year-old CU alumna who attended the event, was glad she got the chance to hear out Epstein. While she said she didnt agree with all of his points, he did manage to break her out of what she called a liberal bubble.
I do hear a lot of the same stuff from the left and Im starting to get skeptical, she said.
In Epstein, she saw someone who hadnt bought into the dogma and offered an optimistic picture of humanity. It reminded her of Ben Shapiro or Jordan Peterson, two right-wing intellectuals she follows online.
At the very least, she said shed make a point to check out Epsteins podcast.
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In extreme crises, conservatism can turn to fascism. Here’s how that might play out – Salon
Posted: at 11:13 am
In the 1985 movie "Back to the Future," Marty McFly (played by Michael J. Fox) travels in a time machine from the 1980s to the 1950s. When he tells people of the '50s he is from the '80s, he is met with skepticism.
1950s person: Then tell me, future boy, who's President of the United States in 1985?
Marty McFly: Ronald Reagan.
1950s person: Ronald Reagan? The actor? [chuckles in disbelief] Then who's vice president? Jerry Lewis [comedian]?
In the 1950s, Reagan was head of the Screen Actors Guild and led the purges of Hollywood actors, writers and directors who were suspected of having left political sympathies, but the idea that he might, one day, become president must have sounded absurd.
In the waning months of the Reagan administration (December 1988, nearly 30 years before Trump became president])Mad Magazine presented a parody of Donald Trump, imagining him telling the story of the 1946 Christmas movie "Its a Wonderful Life":
George Baily [Jimmy Stewart] inherited a small building-and-loan business from his father. He lent money for mortgages. When people couldnt make their payments he told them not to worry about it. What a schmuck! He should have foreclosed and kicked them out! He could have gotten a tax abatement and build condos, a high-rise office complex, and a gambling casino. He just didnt understand the art of the deal
In my opinion, George was a total loser! He never made a million-dollar deal, he never had his picture on a magazine cover, and he never shook hands with Mike Tyson [champion boxer] or Don King [boxing promoter]
This is a wonderful life? Come on!
In the 1980s, Trump was already famous as a billionaire who articulated the philosophy oflook out for your own profit and dont care how much you hurt anyone else in the process. However, no one would imagine he would eventually become president. Long before he entered politics, Trump called anyone who challenged him a loser. With that vocabulary, he perpetuated the idea that victims are weak and lazy and don't have the stuff to prevail. They deserve their fate and must submit to the triumphant. As a landlord, Trump brutally intimidated his tenants cutting heat and hot water, refusing to maintain and repair his buildings, which sometimes became rat infested in the hope of driving them out of rent-controlled apartments that he planned to convert into condominiums.
Trumps presidency has been treated as a fluke, but it actually represents a very old ideology of capitalism. When Trump became president, the media and liberals became nostalgic for Reagan, saying that Reagan would never do what Trump was doing. In reality, Trump was Reagans heir. Reagan appointed Alan Greenspan as Chairman of the Federal Reserve. Greenspans five terms as Chairman included two reappointments by Bill Clinton, which suggests his paradigm was accepted by some Democrats.
Greenspan regularly published with Ayn Rand, the self-proclaimed philosopher and novelist of capitalism. Her economics underlie Reaganism and Trumpism and have a long lineage, going back at least to the British workhouses of the early 1800s and the American gilded age of the late 1800s and early 1900s. She divided the world into two distinct orders of being: creatives and moochers. To defend her when her book "Atlas Shrugged"was badly reviewed, Greenspan wrote in a letter to the New York Times:
Atlas Shrugged is a celebration of life and happiness. Justice is unrelenting. Creative individuals and undeviating purpose and rationality achieve joy and fulfillment.Parasites who persistently avoid either purpose or reason perish as they should.
Similar to Trumps winners, Ayn Rands creatives are chosen to rule by some higher, perhaps biological, force and, if unrestricted, will bring progress and prosperity to everyone. They must be motivated with the promise of greater wealth in order to fulfill their productive potential. She was convinced If they are unrestrained in their pursuit of fortune, their riches will trickle down and bring affluence for everyone, although, of course, ordinary people will never be as rich as they are. Unfortunately, creatives are often held back by the moochers-similar to Trumps losers. At various times, especially during the New Deal from 1932 to 1980, the moochers controlled the state, with disastrous results. The ruling moochers were the liberal professional-managerial class (PMC), bleeding hearts who were so selfish they could not bear to look at other mooches poor parasites who might be homeless and destitute. To soothe the PMCs guilt, they used the state to give the extremely poor welfare and other government benefits. They may have improved the lives of the victims in the short run, but in the long run, they denied the poor the incentive to uplift themselves by their bootstraps and allowed them to wallow in their misery. The programs were presented as benefiting the poor, but they really served the PMC who have to be thrown out of power for the good of everyone else.
The Capitalist class itself is divided over the cut-throat ideology of Rand-Reagan-Trumpism (also called neoclassicism and neo-liberalism), with some embracing it as a license to do whatever they want, but others fearing it is too blatant in telling the 99% they are on their own and the elite owes them nothing. Under neoclassicism, wealth did not trickle down; rather from 1980 to 2016, the ratio of pay for the average Standard & Poors 500 American corporate CEO to the average worker grew from 42 to 1 to 347 to 1 as the percentage of national income held by the richest 1% doubled. Capitalism strives to win the support of the 99% through a utilitarian pledge of a higher standard of living for everyone willing to work hard. It will be shared, but not equally. The gap between the 1% and the 99% shows this is not a promise kept. Accordingly, if capitalism is going to win the acquiesce of the vast majority, it must find another way of legitimating itself a kind of glorious cause. This become urgent when inequality zooms up and workers are forgotten. In the first year of Trumps presidency, the stock market as measured by the Dow Jones Industrial average grew 27%, but the wages of working people were stagnant, growing at 0%. Wages, in fact, had been stagnant since the beginning of the Reagan presidency.
Western Capitalist democracies proclaim equality, material prosperity and security but produce extreme differences in wealth and power. The promises broken, elites often turn to other visions partially borrowed from feudalism to win public support. Nations turn to glory, honor, nobility and war as a way of winning over workers and legitimating the capitalist system itself.
Capitalisms contradictions have produced a cultural divide. Borrowing terms from German sociologist Wolfgang Streeck, we call one side cosmopolitans mainlyurban people, who see themselves as citizens of the world, notone region or country, identify assecular, value critical thinking, preach multi-culturalism, champion racial diversity, entertain state welfare systems, and are cautious about going to war. Their opponents, called by both Streeck and us, traditionalists, are primarily people who live in rural areas, reject welfare, tend to be racist, are super-patriotic, are often living paycheck to paycheck, feeling left behind, economically insecure, and culturally deplored. They typically champion community, tradition, authority, God, family, and their race and nation.
Materially, feudal peasants lived in a misery hardly anyone in the modern West could imagine. However, feudal ideology, resting heavily on Christian religion, offered a sense of ultimate meaning and purpose which capitalism cannot match, for capitalism envisions nothing higher to strive for than economic wealth. Under capitalist secular ideology, if life here on earth is bad, there is no compensation. Feudal Christianity gave hope of a better life in the next world, even if it can only be reached after death. While capitalist ideology teaches youre on your own, psychologist Erich Fromm pointed out that even the lowest medieval peasant gained a sense of security from the knowledge that he had been assigned a place within the Great Chain of Being:
The social order was conceived as a natural order, and being a definite part of it gave man a feeling of security and of belonging.
Feudal ideology does not obligate the ruling aristocrats to deliver anything concrete, observable and measurable. On the other hand, capitalism promises a prosperity that can clearly be seen. Hence, it is obvious when capitalists fail to deliver. Largely because capitalism was never able to eliminate economic and social insecurity, feudal values never completely died. To prevent discontent from going rampant in times of anxiety, capitalism might borrow a vision of ultimate purpose from feudalism. Feudalism teaches sacrificing yourself for some higher cause, which capitalism does not. Feudal values like honor and valor are more likely to galvanize soldiers to kill and die in war than the capitalist pursuit of profit. They might willingly forfeit their lives for their king or country, but not for Shell Oil.
The feudal crusades, with their devastation, plunder and massacre of tens of thousands of Moslems, Jews and Christian were Divinely sanctioned missions to restore the Holy Lands from the heathens for Christ. While capitalism offers individual profit as a reward, feudalism promises Gods grace, a place in the world to come, community and national identity, honor, valor, glory -all bringing a sense that you are part of some greater cause beyond yourself. Feudalism promoted the idea that if my God, my king, my community, my nation is great, I am great- an attitude that persists today and capitalism finds useful. It does not matter if I am starving peasant or an underpaid worker; I am great! Since my side, whether tribe, nation, or civilization, is sanctioned by some higher force- be it God, nature or whatever-it is good; its foe is evil.
When the 99% faces a declining standard of living, appealing to feudal values might help breed stability. Reagan successfully did this when Europe and Japan began to challenge American economic domination and America lost a war in Vietnam. In an extreme crisis, when capitalism is in danger of collapse, the capitalist elite has -and might again- turned to fascism which melds capitalism with feudal thinking.
A compete merging of feudalism and capitalism would be difficult to achieve for they are logically incompatible. The Medieval Catholic Church labeled usury, avarice, pride and gluttony as deadly sins. The New Testament teaches The love of money is the root of all evil. Ayn Rand openly called selfishness a virtue. She was a Russian born Jewish atheist who considered religion a tool of moochers. Capitalists saw feudal aristocrats as lazy, parasitical and incompetent, while aristocrats considered capitalists upstarts, who grubbingly worked for money, and lacked grace, refinement and manners. The aristocracy saw themselves as endowed with a superior essence that biologically separated them from the common lot. With a grace given to them by God, they were blue blooded guardians within a great chain of being, grounded in tradition, in which everyone was interconnected but had an assigned place. The goal was to maintain harmony, order and stability. As such, progress, trying to uplift yourself, or seeking a profit was shunned. Living off of trade or industry was a sign of inferiority. The truly worthy glowed in their essence and their inherited status and need not work. Despite these differences, aristocrats and capitalists often intermarried, especially as the aristocracy lost the power to challenge capitalism.
Both supporters and critics of capitalism see it as undermining the sacred. Even Karl Marx, probably its greatest opponent of all, praised it for this. While Marx wanted to see capitalism overthrown, Max Weber, another social theorist almost as acclaimed as Marx, begrudgingly accepted it. However, he feared capitalism would lock people into iron cages where they would lack a feeling of meaning, purpose and direction and he worried who or what would fill that void. Weber feared capitalism, along with science and bureaucracy, would produce disenchantment without a mystical sense binding people together. Consequently, capitalism would be unstable.
As intellectualism suppresses belief in magic, the world's processes become disenchanted, lose the magical significance, and henceforth simply 'are' and 'happen' but no longer signify anythingBureaucracy develops the more perfectly, the more it is 'dehumanized', the more completely it succeeds in eliminating from business love, hatred, and all purely personal, irrational, and emotional elements which escape calculation.
Marxs critique of capitalism was much more brutal than Webers. To rally the 99% against it, Marx and his followers on the Left addressed the rational interests of people they considered its victims. On the other hand, rightwing movements, including fascism, the American Christian right and the Ku Klux Klan, effectively won followers by offering an alternative to disenchantment, and appealing to the irrational, an alleged reality- not knowable through science, reason or empiricism.
Fascism may carry these ideals to extreme, but even in more democratic forms of capitalism, the rulers need a population that will be compliant employees and fight their wars. The Marines would have little trouble fitting into fascism. They recruit by proclaiming themselves The Few, The Proud, The Brave and expect subordinates to show they have the right stuff through blind obedience. The private is supposed to submit to the sergeant, who in turn must submit to the lieutenant, all the way up the hierarchy to general. This is little different from the feudal great chain of being, which it may be modeled after, with the peasant expected to submit to the lord who also carries deference up the chain all the way up to king.
The feudal peasant seldom ventured more than a few miles from where he was born and felt strong affinity to his manor or village. In contrast, the largest capitalist corporations are cosmopolitan, transcending national boundaries, and as they become global, willingly sacrifice local communities to profit. Throughout much of American history, there was antagonism between large monopoly capitalists and traditionalists. Traditionalists tend to be more patriotic, have more intense national and racial identities, and stronger ties to community, family and religion. Reagan did something that, at one time, would be considered unimaginable. He built an alliance between traditionalists and the corporate cosmopolitan elite. As of this writing, this alliance continues. It is referred to as conservativism and it is the core of the Republican Party. It brought us Trump. It has not yet brought us fascism, but in a more extreme crisis, it could.
# # #
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In extreme crises, conservatism can turn to fascism. Here's how that might play out - Salon
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What are ethics and do they still matter in Donald Trump’s America? – NorthJersey.com
Posted: at 11:13 am
A political scientist in Washington says President Donald Trump's suggestion next year's G-7 summit be held at one of his resorts raises concerns under the Constitution's emoluments clause. (Aug. 27) AP, AP
Trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean and reverent.
Or as we say in 2019 a sucker.
What else can you say these days, in this culture? A culture of doping athletes, abusive priests,Wall Street scammers,piratical corporations, sexual predators, college admissions cheats,and a swaggering chief executive, now rapidly barreling toward impeachment.
Ethics defined by Merriam-Webster as "a set of moral principles" sometimes seem to have vanished, like the passenger pigeon, from the American landscape.
Nor do you have to look to Washington D.C. for examples. There are others,closer to home. As theNovember elections near, we can't help but wonder: is the local mayor or council person we pull the lever for today going to be resigning in disgrace tomorrow? Certainly there are ethical boondoggles enough in New Jersey: nepotism in Palisades Park, political skulduggery in Englewood Cliffs and Rockaway Township. And of course, the Matterhorn of Jersey scandals: "Time for some traffic problems in Fort Lee."
And yes, there are unethicaljournalists. Even if it is the ethically questionable Donald Trump who says so.
Every generation has a scandal: 10 times America lost its innocence
Is ethics an American crisis?How we can teach morality to our kids
Crime: She told 'Make-A-Wish' her daughter was dying. Now, the mom is charged with murder
Playing by the rules, it would appear, is achump's game in 2019 something best left to Boy Scouts, whose famous 1908 "law," quoted above, might soundquaintin an era of Bernie Madoff, Felicity Huffman and Paul Manafort. "Boy Scout," these days, can bealmost a sneer. As in, "He's a real boy scout." Not a compliment.
Yet Ryan Hanley, 15, of Dumont,takes the scout oath at every meeting. And he means it.
Boy Scout Ryan Hanley of Dumont, 15(Photo: Nancy Ziemba)
"Society, in general ignores these principles that describe what a model citizen should be," said Eagle Scout Hanley, a member of troop 1345. He's been a scout for 10 years.
"We, as a society, are preoccupied with things that we feel are more important," Hanley said.
Is America on the verge of an ethical extinction event? Are principles, standards, moral codes as endangered as the polar ice caps?
Or have we always been this way and just too naive to know it?
The story continues below the quiz.
"I don't think we have evidence to say it's worse than it's ever been," saidElizabeth Kaye Victor, who teaches "value theory" a.k.a. ethics at William Paterson University in Wayne.
"There were robber barons, oil barons, 100 years ago," Victor said. "But one of the things we're getting more evidence about is that people are making more subjective judgments about what's right and wrong."
Officially, Americans value honesty.We'rea nation of Sunday schools, honor rolls, gentleman's handshakes.
But we're also something else.
We are also, famously, a nation of liars, flim-flammers, con men.
P.T. Barnum, the original humbug(Photo: AP file photo)
Among our heroes:P.T. Barnum, The Wizard of Oz, Frank "Catch Me if You Can"Abagnale, and Harold Hill, the bogusmusical instrument salesman in "The Music Man," which is coming back to Broadway in 2020 with Hugh Jackman.
We love the guys who Get Away with It. The ones who are wised-up. The ones who look out for No. 1.
There used to be a synonym for ethical:"square." Asquare deal, a square meal, treating someone fair and square. Square, because all sides are equal.
Inthe 1930s and '40s, a new term came into use. It referred to people who were conventional, naive, high-minded.People who played by the rules.
They were called "squares."
"Americans have always had a dual consciousness," Victor said. "We do like the noble person, the George Washington, the paragon. But we also like the renegade, the man who pushes and breaks and redefines the rules."
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Americans, in short,have struggled overethics for centuries ever since George Washington chopped down the cherry tree.
George Washington, painted by Charles Willson Peale, didn't chop down a cherry tree -- but he was a strong believer in "Virtue Ethics"(Photo: Montclair Art Museum)
That famous story, which biographer Parson Weems used to teach kids not tolie, was a lie.
"We tell all sorts of lies to get children to behave, to adhere to our system of ethics," Victor said. "This gets into the whole question of the Noble Lie. Is a lie sometimes better than the truth?"
Many of us wouldagree that ethics can besituational.Lying is bad but so is telling your friend what you really think of his singing. Stealing is wrong but letting your family starve is worse.
From there, of course,it's a short step to the Felicity Huffman defense.Cheating on a college admissions test is criminal but so is not helping your kids succeed.
Actress Felicity Huffman was convicted of cheating to get a child into college(Photo: DANNY MOLOSHOK, AP)
The judge who fined the actress $30,000 and sentenced her to 14 days jail time didn't agree.
"That's a classic struggle in ethics," Victor said. "Do we allow exceptions to our ethical code?"
George Washington, for his part,really did care about ethics. He was very conscious that he was setting an example. Everything he did, including famously relinquishing power after two terms, was about personal honor. There's a term for this in philosophy: "Virtue Ethics." Leading a good life because being good leads to happiness. Aristotle and Confucius were big boosters.
"In Virtue Ethics, you're asking what kind of person should I be," said Lisa Cassidy, who teaches a course on ethics at Ramapo College in Mahwah.
A comedic take on what a goofy talk show interview between this reporter and Founding Father George Washington might look and sound like, on the topic of ethics. Paul Wood Jr., Jim Beckerman and Michael V. Pettigano, North Jersey Record
Meanwhile, Americans, over the last 400 years,have found lots of other reasons to Do the Right Thing.
Preachers, from Cotton Mather to Martin Luther King Jr.,have proclaimed ethics from the pulpit. The Ten Commandments has the ultimate endorsement: God. The Divine Command Theory, it's called.
Pastor of Trinity Baptist Church, George Maize IV, in 2017(Photo: Wexler, Kevin, Kevin R. Wexler/NorthJersey.com)
"The TenCommandments came from God," said Rev. George Maize IV, pastor of Trinity Baptist Church in Hackensack. "The further we get away from God, the more unethical we get."
Others, like your mother, subscribe to the theory of Duty. We are obligatedto not behave badly because what if everyone else did the same? Immanuel Kant,the 18th century philosopher, championed this idea.
"All mothers are Kantian, because they always tell you, 'What if everybody else did that?' " Cassidy said.
Then thereareutilitarians the greatest good, for the greatest number overall. Consider thehero firefighters of 9/11, who sacrificed their own lives to rescue others. Philosopher John Stuart Mill is their spokesman.
"Utilitarians are very concerned with the greatest outcome, overall, for everybody," Cassidy said. "You almost have to do a calculus: the unhappiness of some, compared to the happiness of most."
Compassion, too, is an ethical ideal."Care Ethics," Cassidy said, has feminist roots."Caring is a rational activity," Cassidy said. "It involves choices to preserve relationships, to preserve what matters to us."
But America is alsothe land of "individualism." So it's no surprise thatselfishness, here, its has cheerleaders.
Ayn Rand, co-author of "The Virtue of Selfishness"(Photo: File)
Ayn Rand the thinker beloved of libertarians and conservatives like Paul Ryan and Alan Greenspan is mostassociated with this viewpoint. But Rand,said Gregory Salmieri, co-editor of a book on the subject, is often misunderstood.
Rationality, not greed,is really the point of the "Objectivist" philosophy that Rand espoused in books like "The Virtue of Selfishness,"Salmieri said.
"It's about treating people rationally, which means justly," said Salmieri, who teaches at Rutgers University. "Which means above all else leaving them free to lead their own lives, by their own judgment, and for their own sakes."
Living for your own sake does not mean living dishonestly, Salmieri points out.
But in practice, if winning is everything, and cheating helps you win?
Such attitudes, by the way, are not confined to the so-called far right even if that's where the media spotlight is right now.
Abbie Hoffman, left, authored "Steal This Book," a counterculture guide to theft(Photo: AP)
In 1971, activist AbbieHoffman published "Steal This Book," a paperback thaturged hippiesto shoplift, swipe food from restaurants, and use slugs in vending machines. A quarter-million people bought the book,thoughit may have reached more given how many radicals and college students likely stole it from each other.
So what, at the end of the day, is ethical behavior? And who gets to decide?
No secret that our culture is fragmented. More and more, we're marching to our own drummers. Fundamentalist Christianity, radicalsocialism, predatory capitalism eachhas its cheering section, greatly magnified by the media.
But ethically compatible?Not so much.Rules, we may have but no one setthat everyoneagrees on.
The"social contract"is the basis on which the stateexists, according to philosopher Thomas Hobbes (1588-1679).Now, some fear, it might be unraveling. Much as thestate itself might be unraveling.
"One of the things that's really broken down, in the last 30 years, is trust in experts." Victor said. "Experts including journalists, politicians, professors. Even those we might think of as the source of ethics in our community, like church leaders. People don't know who to trust."
"Ethics," Salmieri points out, means morethan just social rules. The word "Ethos"is Greek, meaning habits or customs. But more casually, most of us would probably define ethics in terms of our relations to others. It'sourprinciples of behavior in thelarger world.
If weare less ethical now than in the past, JosephChumanwonders, could it be because of our relationship to other people? Is it because we'remoresolitary?
"People are more alienated and isolated than they used to be," said Chuman,leader of the Ethical Culture Society of Bergen County, a Teaneck-based chapter ofa 142-year-old national organization thatpromotes social justice andethicalbehavior.
Joseph Chuman, leader of the Ethical Culture Society of Bergen County, speaks in 2012(Photo: Joe Camporeale)
More people these days, he said, are interacting with each other second-hand, on iPhones and computer screens. We spend more time alone,texting and tweeting, and less time in groups, in churches, in social and fraternal organizations.
Including yes The Boy Scouts.
"Scouting guides us on how to become a leader, from teaching younger Scouts how to tie a knot, all the way through giving back to the community through an Eagle Scout project," Hanley said.
Scouting, in other words, is inherentlysocial. Scouts interactwith the community, with adults, with other scouts
People who don't relateto others, face to face, are also likely to spend less time thinking about how theyshould relate to others. Our neighbors and the rest of the world become abstractions. As in the old ethical test: "What if you could press a button and get a million dollarson condition thatsomebody you didn't know dropped dead?"
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Paterson is working on it: How can a police department riddled with scandal earn back public trust?
A yacht and a wink: How college-crazed parents turn to bribes to get kids into school
That's whatChumanworries about as the 21st century barrels on, and the crimes and scandals mount.
"Social institutions call them unions, clubs, fraternal organizations, churches command less attention and membership," Chuman said. "When people are isolated, they are not reinforced to act in ethical and moral ways. Hyper-individualism is not good for strengthening the ethical fiber of a society. If we suffer from radical individualism, ethics erodes. People need to be together. "
Email: beckerman@northjersey.com;Twitter: @jimbeckerman1
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The Possibly Pending Death of a Legendary Radio Station – Reason
Posted: at 11:13 am
A legendary radio station may be on the verge of death. But we don't know for sure because, as is often the case with this station, everything is a mess.
The outlet is WBAI, the New York affiliate of the radical Pacifica network. A shadow of its former self, BAI has been spiraling through monetary, managerial, and other problems for years now. So it wasn't surprising when, on October 7, the Pacifica Foundation announced that it was laying off the station staff and suspending all local programming. Nor was it surprising when those some of those local staffers convinced a judge later that day to issue an order temporarily enjoining the network from enacting its plans. (Pacifica broadcasters are not known for quietly obeying the higher-ups.) There's been a tug-of-war over the transmitter since then, and a bitter split within Pacifica's national board too. The people trying to oust the staff say that they intend to revamp and relaunch the station; their critics accuse them of planning to sell it and use the proceeds to keep the rest of the network afloat. The two sides are scheduled to meet in court on Monday.
We'll find out soon enough how that turns out. But for now, let's look back to the happier (though no less contentious) days of the 1960s and early '70s, when this was one of the most diverse and innovative outfits on the radio dial.
WBAI began as an ordinary commercial station in 1955, broadcasting at 99.5 FM. Then an eccentric millionaire named Louis Schweitzer bought it, thinking this would be a good way to ensure he could hear more classical music on the radio. The station got an unexpected boost in listenership during a newspaper strike, as New Yorkers tuned to it for the news, and Schweitzer found he had a financial success on his hands. Unfortunately for Schweitzer, that meant he was hearing more commercials on his stationand he hated listening to ads. So he decided to hand the whole thing over to the Pacifica Foundation, which had been broadcasting a mixture of highbrow cultural programming and dissident political commentary in Berkeley, California, since 1949 and had just launched a second station in Los Angeles.
So Schweitzer cold-called Harold Winkler, Pacifica's president, and told him that he could have WBAI if he wanted it. Much of the ensuing conversation reportedly consisted of Schweitzer trying to convince Winkler that he was not a crankor, at least, that he was a very rich crank who really did intend to give away a radio station. The transaction was soon completed, and in 1960 WBAI became a noncommercial Pacifica station broadcasting in the middle of New York's commercial FM band.
This was seven years before the creation of the Corporation for Public Broadcasting, 10 years before the birth of National Public Radio. In those days, if you were a station that didn't run ads and didn't have a university to support you, you relied on a mixture of listener sponsorship, philanthropic support, volunteerism, and pure energy.
BAI had energy aplenty. It quickly became one of the most eclectic radio stations aroundthe kind of place that interviewed Yoko Ono in 1965, long before she had anything to do with the Beatles, just to have her sing Japanese songs and talk about Japanese culture. Its most famous host was probably Bob Fass, whose overnight free-form programs made a hash of every genre boundary. Fass did innovative music mixes (he may be the only DJ ever to layer Buddhist chants over a Hitler speech), brought on famous guests (at one point, he was the only radio host who Bob Dylan would allow to interview him), andas he got involved with the New Leftorganized demonstrations on the air. And he was just one of many on-air personalities enjoying enormous creative control.
The BAI broadcast that I'd most like to hear was transmitted shortly after student militants seized and occupied Columbia University in 1968. Three satiristsPaul Krassner, Marshall Efron, and future HBO executive Bridget Potterwere scheduled to sit in as guest hosts for Steve Post's late-night program. They opened the show by claiming to be a trio of students named Rudi Dutschke, Emma Goldman, and Danny the Red, and they declared that they were there to liberate the station. "They read all the standard station announcements, carefully followed all FCC regulations, including station breaks on the hour and half hour, and made no attempt to disguise their voices, which, after years of guest appearances on my program, were as familiar to my audience as my own," Post wrote in his book Playing in the FM Band. "Still, within an hour police arrived at the studios, having received reports of a student takeover and of my detention as a hostage in WBAI's bathroom."
I wish I could post that program herenot just as a tribute to WBAI, which may be about to die, but as a tribute to Efron (who died last month) and to Krassner (who died in July). Alas, I can't find a recording of it. But I do have some other samples of the station's early programming to share. The Internet Archive has a great selection of BAI audio files from 1960 through 2019, and I've embedded some highlights below.
First: From 1968, an episode of The New Symposium, a program dedicated to the gay community. Needless to say, this was not your usual radio fodder in 1968, when same-sex relationships were still taboo for most of the country. Most stations wouldn't touch the topic, and if someone did broadcast a show about it, it probably featured psychologists and other credentialed experts discussing homosexuality as an "issue," not a group of guys chatting about which local gay bars are mobbed up (all but one of them, apparently) and where the good pickup spots are. Yet here they are, having a calm conversation without any shudders or titters. At least not until the end, when someone mentions that one good place to go cruising is "the local bingo games in the Catholic churches in the Village." That sparks some knowing laughter.Second: A bit of black power, also from 1968. Recorded at a time when much of the black liberation movement was interested in decentralization and community control, this interview centers around the theory that Harlem had been illegally absorbed by New York City and therefore should be an independent, self-governing town. This wasn't a new idea, but here it gets filtered through a 1960s black nationalist lens.
The socially conservative side of black nationalism rears its head around the 28-minute mark, when guest Herb Lambright complains that the police have been "allowing every kind of decadence to exist" in Harlem. The example he gives is gambling"You can hardly go two blocks without seeing a crap[s] game," he says in disgustbut I can't help wondering how he'd feel about the hosts of The New Symposium.Third: Not every voice on the station was enthusiastic about that uprising at Columbia University. Go to the 46:21 mark below, and you'll hear Ayn Rand deriding the Columbia rebels as hoodlums and praising a student group called the Committee for Defense of Property Rights.
Rand's radio editorials appeared regularly on WBAI in the '60s. National Review did something similar for a while, but it stopped participating in the Pacifica network's commentary series in 1961, explaining that it did not want its words to appear in a series that also aired commentaries by Communists.Fourth: a rather different political commentary, this one from the LSD evangelist Timothy Leary. It was 1970, and the Weather Underground had just broken Leary out of prison and spirited him away to Algeria, where he was taken in by the exiled Black Panther leader Eldridge Cleaver. That alliance ended poorly, but for the moment Leary was gamely spouting propaganda for what he calls "the noble and beautiful Weathermen Underground." In this rambling 16-minute phone call, he gives us such turns of phrase as "the wise, benign, and loving protection of the Black Panthers," "the wicked pig capitalist bourgeois press," and "the genocidal robot police establishment."Fifth: Let's wash all that down with some music. From 1971, here's a live performance by blues legend Big Mama Thorntonthe woman who sang "Hound Dog" before Elvis made it his own. Be forewarned: Before the concert actually starts, the recording features nearly nine minutes in which all you can hear is the crowd milling around and the musicians tuning their instruments. Did that part go out over the air too? Probably. Welcome to noncommercial radio!(For past editions of the Friday A/V Club, go here. For WBAI's biggest mark on American jurisprudencethe famous "seven dirty words" casego here. And for more about WBAI, Pacifica, and free-form radio, read my book Rebels on the Air: An Alternative History of Radio in America, available here.)
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Startup Targets Cryptocurrency Crime – But Will The Big Banks Come On Board? – Forbes
Posted: at 11:12 am
Will cryptocurrencies ever be considered mainstream? Millions of people around the world are invested in Bitcoin and its rivals, of course, but from the point of view of governments, regulators and financial institutions, virtual coins and tokens are still viewed with a considerable degree of suspicion.
Witness the stormy weather that is currently being encountered by Facebook as it presses ahead with plans for its Libra project. Earlier this month, Visa, Mastercard and eBay announced their intention to walk away from the association of companies and institutions that originally agreed to develop and support the new virtual currency. A few days later, ING chief executive, Ralph Hamers told the Financial Times that an ongoing commitment to Libra might prompt banks to cut ties with the social media giant unless it addressed the money laundering concerns expressed by regulators.
And as Dr. Tom Robinson sees it, financial institutions remain extremely wary of exposing themselves - and by extension their clients - to the risks they perceive in the cryptocurrency market. Indeed, hes witnessed that wariness at first hand. Having read about Bitcoin in 2012, he and university friends, Dr. James Smith and Dr. Adam Joyce quit their jobs to set up a company - Elliptic - providing cryptocurrency security solutions. We tried to get institutions interested, he recalls. But they were very concerned about the associations between virtual currency and criminal activity.
Creating A Safe Space
But the worries expressed by financial institutions also pointed to an entrepreneurial opportunity. Banks and fund managers were seeing the emergence of a new investment class that promised rich rewards for those with strong nerves. To be more precise, they were seeing their clients buying into Bitcoin and other currencies. Having initially started out by providing secure custody services for investors, Elliptic developed a solution that would enable institutions to provide cryptocurrency-related services to their customers while steering clear of any association with trading activities that might tarnish their reputations or see them falling foul of regulators and law enforcement.
The demand use case for cryptocurrencies is speculation," explains Dr. Robinson. Thats especially true after the 2017 Bitcoin bubble - even taxi drivers were talking about that. Banks wanted to give their clients access to crypto-assets.
Against that backdrop, Elliptics team developed a system to analyze blockchain trades and identify non-legitimate trading.
Essentially, Elliptics technology tracks the activity on the blockchain and - to put it simply - strips away the anonymity that has been a traditional feature of virtual currency transactions. We link transactions to known entities, says Dr. Robinson. And once these entities are visible, it is possible to assess the risk of a transaction being linked to, say, money laundering, illegal arms trading or the payment of ransomware.
Bypassing Banks
This, in turn, opens the way for financial institutions to engage more confidently with virtual currencies, says Dr. Robinson. And enhanced security, he argues, will be a key factor in opening up a new era of financial services provisions. For the first time, we have an open financial system, he says. Nowadays, you dont have to go to a bank to carry out a transaction. And if you want, you can create your own bank.
But as the high-profile withdrawals from Facebooks Libra project demonstrate, there is still a long way to go before everyone is convinced that the virtual currency marketplace is a safe environment for institutions.
To date, the company has assessed risk on around $1 trillion of transactions. However, it has had more success in providing its security solutions to organizations within the blockchain sector than to mainstream institutions. We have more than 100 customers now, says Dr. Robinson. Most are exchanges and wallet providers but we are also seeing banks, hedge funds and asset managers coming on board. The financial institutions represent a minority, but it is a growing minority.In addition the company has worked with U.S. law enforcement agencies. To
And Dr. Robinson believes more widespread uptake of virtual currencies is on the way. Even if Libra doesnt succeed, I think something similar will emerge. There is real scope to provide services around international remittances and e-commerce. And blockchain analysis will become standard.
Potentially good news for Elliptic, which just raised $23 million in Series B funding to finance its expansion into Asia and the US. The longer-term question revolves around who will dominate the blockchain security market. Entrepreneurial companies such as Elliptic or the bigger players in the digital security space.
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Major Bitcoin Miner Warns The Cryptocurrency Needs Better Privacy – Forbes
Posted: at 11:12 am
Bitcoin mining machines operate at a mining facility by Bitmain Technologies Ltd. in Ordos, Inner ... [+] Mongolia, China, on Friday, Aug. 11, 2017. (Qilai Shen/Bloomberg)
The CEO of one of the top three Bitcoin mining pools recently stated that Bitcoin needs better privacy in order to avoid a potential regulatory clampdown. The comments were made by Poolin CEO Kevin Pan in an interview with Bitcoin Magazine.
While Poolin is barely a year old, it already accounts for a significant portion of the total Bitcoin network hashrate. The mining pool was created by Pan, COO Fa Zhu, and CTO Tianzhao Li, all of whom were previously at the Bitcoin mining giant Bitmains subsidiary BTC.com.
Bitcoins Need for Better Privacy
Although those who havent researched Bitcoin deeply often think it is some sort of anonymous online currency, the reality is Bitcoins privacy features are quite poor. Over the years, this lack of privacy has been pointed out as a serious issue in terms of the cryptocurrencys fungibility, which is a key property of money.
Developers have proposed a wide variety of Bitcoin privacy improvements over the years, but many of these proposals come with trade-offs in the areas of scalability, security, and other important areas. For example, the introduction of Confidential Transactions, which masks the amounts involved in Bitcoin transactions, at the base protocol level could weaken the guarantees associated with the public verifiability of Bitcoins current supply.
While scaling is often brought up as the most pressing issue facing Bitcoin today (just look at the block size wars from previous years), Pan views privacy as the most important area of development for the crypto asset.
The real problem with Bitcoin may be privacy, Pan told Bitcoin Magazine. There is no other big question if the privacy issue is solved.
Pan went on to describe the normal issues surrounding fungibility that are often discussed in Bitcoin circles, but then the Poolin CEO brought up another problem that is often overlooked by those who promote Bitcoins usefulness for censorship-resistant transactions.
What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged, said Pan. In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.
The problem Pan brought up here has to do with government entities potentially telling Bitcoin miners to block transactions coming from or going to specific addresses. A Bitcoin users money could be effectively frozen if 51% of miners decide not to process transactions originating from that users known Bitcoin addresses. With less than 51% support from miners, these transactions would simply be slowed down rather than completely blocked.
This issue raised by Pan is closely related to the issue of Bitcoin mining centralization, as this sort of censorship attack is only possible if government officials are able to identify and coerce 51% of the network hashrate. Progress is also being made on this greater issue of mining centralization. New mining protocols can further decentralize the transaction selection process, and more mining centers, such as the ones recently revealed by Bitcoin technology startup Blockstream, are popping up in jurisdictions other than China.
Transaction censorship is also easy to enforce via centralized services built on top of the Bitcoin network, such as exchanges, where the vast majority of Bitcoin activity takes place.
Taproot, which is an in-development improvement for Bitcoin, is expected to enable vast improvements to the current level of privacy offered to the cryptocurrencys users. For now, there are wallets like Wasabi Wallet and Samourai Wallet available for those who desire a higher degree of privacy.
Pan also mentioned that the privacy issue he brought up does not exist for some experimental altcoins, specifically Monero and Grin. Its possible that some of the features associated with these privacy-conscious altcoins will eventually find their way into Bitcoin.
In terms of other potential issues facing Bitcoin, two of the developers behind key Bitcoin software recently shared two of the biggest threats that face the digital currency.
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Why Cryptocurrency is in The Spotlight For More Central Banks – newsBTC
Posted: at 11:12 am
For most of its short life Bitcoin has been a plaything for computer geeks and largely ignored by banks and governments. That all changed in late 2017 when an epic rally sent prices soaring to new peaks. Since then central banks have been paying closer attention to cryptocurrency, especially in recent months as Facebook threatens to usurp their dominance.
The benefits of a digital currency are clear, faster and more efficient payments are good news for all. Banks already make huge profits moving peoples money around for them and digital cash will aid them even further.
Facebook has rattled the regulatory cages of the world and given bankers a wake-up call. If they cannot improve their archaic and costly transfer mechanisms, which are mostly based on SWIFT, better alternatives will emerge.
There is a definite demand for a Libra like cryptocurrency but Facebook is clearly not suitable to be in charge of it. Bitcoin does exactly what is required but is price volatility is still preventing everyday use and is off-putting for most.
Central banks in China, Sweden, the Bahamas and Thailand are experimenting with their own cryptocurrencies and many will be launching soon. The FED is still waiting on the sidelines according to Bloomberg and is likely to be left behind by rafts of innovation hampering regulations.
The threat to national sovereignty by the social media giant was large enough to bring down an avalanche of criticism for its Libra project. There was also the threat that central banks would not be able to effectively manage monetary policy (print more money) if an alternative global currency existed.
Central banks are looking into wholesale solutions which would limit access to any stablecoin to the banks and financial institutions. They would be used internally to make payment flows within the existing financial system faster and cheaper.
A retail solution would be to allow account holders to use the digital currency under tight control. The central bank would manage the ledger and have full control over the supply and flow of any stablecoin it develops.
China is likely to be the first major nation to roll out its own central banks cryptocurrency as Asia forges ahead with innovative research and development. However there has been no time frame for launch as yet. A recruitment notice by the PBoC, shows that it wants to hire six more tech experts with expertise in cryptography, econometrics, and micro-electronics to join the development for the banks new cryptocurrency.
Chinas stance on decentralized crypto assets such as Bitcoin and Ethereum has not changed. It still will not allow people to buy crypto with fiat. Central banks are unlikely to ever see public cryptocurrencies in a good light simply because they are beyond state control and have no such transaction limits.
Whether Libra goes ahead or not is now looking dubious but Facebook has accelerated the research process for the banks of the world and a slew of new centralized stablecoins are likely to be launched in the coming years.
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Cryptocurrency Mining Hardware Market 2019-2023 | Evolving Opportunities with Advanced Micro Devices, Inc and Baikal Miner | Technavio – Business Wire
Posted: at 11:12 am
LONDON--(BUSINESS WIRE)--The global cryptocurrency mining hardware market is poised to grow by USD 2.7 billion during 2019-2023, progressing at a CAGR of over 10% during the forecast period.
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The market is driven by the rising popularity of mining pools. In addition, the use of smartphones and applications to mine cryptocurrency is anticipated to further boost the growth of the cryptocurrency mining hardware market.
The rising popularity of mining pools will be one of the major drivers in the global cryptocurrency mining hardware market. Mining pools are groups of miners who work together by combining their computational resources and sharing hashing power to reduce the effects of volatility and obtain better outputs. The chances of achieving success decrease when miner prefer their own cryptocurrency mining hardware. This increases the popularity of mining pools as miners can combine their cryptocurrency mining hardware to enhance the success rate. Moreover, in mining pools, miners cannot steal the rewards of other miners. As the rising demand of mining pools will encourage new miners to join, the use of cryptocurrency mining hardware will increase which will boost the market growth
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Major Five Cryptocurrency Mining Hardware Market Companies:
Advanced Micro Devices, Inc
Advanced Micro Devices, Inc owns and operates businesses under various segments such as computing and graphics and enterprise, embedded, and semi-custom. The company offers a wide range of cryptocurrency mining hardware. Some of the products offered by the company are Radeon RX Vega Series, Radeon RX 500 Series, and Radeon RX 400 Series.
Baikal Miner
Baikal Miners key cryptocurrency mining hardware products include BK-G28, BK-N70, BK-B, BK-D, and BK-X.
Bitfury Group Limited
Bitfury Group Limited has business operations under various segments, namely software and hardware. The product offered by the company is Bitfury Tardis.
BitMain Technologies Holding Company
BitMain Technologies Holding Company operates business under four segments, which include antminer, antpool, BTC.com, and artificial intelligence. The companys key offerings include Antminer S17, Antminer S11, Antminer T15, Antminer DR5, and Antminer Z11.
Canaan Creative CO., LTD
Canaan Creative CO., LTDs key product offerings in the cryptocurrency mining hardware include AvalonMiner 10, AvalonMiner 851, and AvalonMiner 911.
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Bank of Canada Warms To National Cryptocurrency, Will it Compete Against Bitcoin? – newsBTC
Posted: at 11:12 am
Leaks within the Bank of Canada show officials are considering the development of a national cryptocurrency. As such, with interest in central bank digital currencies (CBDCs) on the rise, could it threaten bitcoin?
Mike Eppel, Senior Business Editor at 680 News, has revealed that Canadas central bank is considering the development of a national cryptocurrency.
During his interview, Eppel drew attention to concerns surrounding cryptocurrencies, such as inadequate regulatory frameworks, as well as volatility. But all the same, he posed the question, is this the next phase in how we transact?
And that question is something Bank of Canada officials are in the process of considering. He said:
The Bank of Canada wants to get ahead of the curve. They have this internal memo saying, yeah, eventually, theyre likely going to launch some sort of crypto.
Having said that, as the conversation continued, it became apparent that the underlying reasons for this come down to centralization. Eppel continued:
Because its about regulation. All these new cryptocurrencies are not overseen by any type of government regulator and they would like to have a little bit more saythe flip side of course is, they can use this to track our spending.
Nonetheless, motivations aside, its apparent that central banks around the world are making moves in this space. While individual countries, on the whole, have kept tight-lipped, those in the know believe CBDCs are just a matter of time. For example, Philadelphia Federal Reserve bank president Patrick Harker claims that a US CBDC is inevitable.
If so, could a coordinated rise in CBDCs spell the end for private cryptocurrencies?
According to Economist, Nouriel Roubini, who once called Bitcoin the mother of all scams, the answer is a resounding yes.
In an article released late last year, Roubini proposes that central banks worldwide should issue their own digital currencies in order to shut cryptocurrencies out. He said:
If a CBDC were to be issued, it would immediately displace cryptocurrencies, which are not scalable, cheap, secure, or actually decentralised.
Moreover, in such a scenario, he rubbished the idea of a niche market, through privacy, by saying:
Cryptocurrencies such as bitcoin are not actually anonymous, given that individuals and organisations using crypto-wallets still leave a digital footprint. And authorities that legitimately want to track criminals and terrorists will soon crack down on attempts to create cryptocurrencies with complete privacy.
And almost a year on, Roubinis predictions have come to pass with unnerving accuracy, as evidenced by the recent crackdown on illegal porn, as well as the delisting of privacy coins.
Moreover, theres no denying that Bitcoin is the underdog here. And central banks will not give up their monopoly control easily, or without a fight.
Yes, Bitcoin and other cryptocurrencies have made a significant splash during their short time. But the reality is adoption rates are tiny, and the market cap is minuscule when compared to legacy markets.
That being so, arguments on Bitcoin being decentralized and borderless wont stick. Not unless the bankers want it to stick. And that is what were up against.
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Bank of Canada Warms To National Cryptocurrency, Will it Compete Against Bitcoin? - newsBTC
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