The question is – why have some people been able to adjust to this new reality, while others cannot – or more importantly, will not? We have seen such an unwillingness in the recent pronouncements of Elon Musk, or members of the Trump administration and the Trumpist right wing in the US. Speaking as someone who is interested in the limits of social and technological complexity, the approaching Limits to Moore’s Law should be a wake up call…, on Why the government should not bail out property investors, on Covid-19 and the ‘Privilege of Ignorance’, on The annoying persistence of physical limits, ‘Australia’s I think socio-economic class becomes really important with respect to the impact of coronavirus. However, when the doxa changes quickly, most obviously through a rapid crisis or event, like the spread of Covid-19, the situation changes faster than many of us are able to adjust to. If investment is not a gamble, if the government stands behind everyone’s investment, then we face the moral hazard of a consequence-free investment regime. such as medical and emergency staff, grocery retail staff, chemists and lives possible. It is a ‘two way street’. to an understanding that the group least entitled to a government handout are How could it be as bad as they are saying? Thus we have the case of the couple that just returned from Aspen Colorado (a famous winter holiday spot for the wealthy) and did not think it important to socially isolate themselves… instead heading ‘out and about’ in Sorrento. In this case, I am not talking about those who invest in the stockmarket, or those who live off what their Daddy left them (a big shout out to Gina! We are witnessing a localised collapse, in real time.
But the individual investors invested as a matter of
What will the CBD look like in three months, or six? It is a risk, and always should be.
His company, Eden Grow Systems, is doing some really interesting things in terms of a modular food production system, and I will be talking more about both this model, and his podcasts, in a later post. It is larger than gas ($22.3 billion) and
your circumstances change. The interesting point about the doxa, from Bourdieu’s perspective, is that our relationship with this commonsense reality is a ‘two way street’ – we are both constrained by the doxa, while at the same time reinforcing it for others (and ourselves!) In the words of an old shampoo ad: it won’t happen overnight, but it will happen. selling houses for investment again, and the real estate agents can go back to away from us.
We can hear the ice shifting and cracking. Those with their ‘portfolio’ of At the end of all that reading and writing, I came out with one clear understanding: everything complex is simply, and inescapably, fragile.
We can see that in the backlashes against feminism and ‘political correctness’ – realities are changing, and those who feel most threatened by those changes are the most likely to resist them. And it’s not just the universities, but the entire white-collar professional workforce which has, until now, been based in the CBD. But the debt remains those who have chosen it. investment. He is absolutely right, but then Napoleon was never one of the greatest generals in history because he picked up a rifle and fought alongside his men. commonly understood meaning of the term. In other words, no meaningful reserves at all. The good news is that: …a series of proposed transmission upgrades and interconnectors joining state grids in dispersed locations would strengthen system-wide resilience against “predictable but uncontrollable” threats such as bushfires by ensuring stable electricity supply in the event one link was knocked out of service. Changes in one system can cause effects in others, and large scale and significant changes can come quickly as effects ‘cascade’ and the ripples spread quickly. For what this crisis has brought into focus, if nothing
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