Your brain rewires itself after age 40

    I turn 42 later this year, and this would explain a lot. Not in terms of me being unable to be super-efficient and productive, but just in terms of seeing connections everywhere.

    In a systematic review recently published in the journal Psychophysiology, researchers from Monash University in Australia swept through the scientific literature, seeking to summarize how the connectivity of the human brain changes over our lifetimes. The gathered evidence suggests that in the fifth decade of life (that is, after a person turns 40), the brain starts to undergo a radical “rewiring” that results in diverse networks becoming more integrated and connected over the ensuing decades, with accompanying effects on cognition.

    […]

    Early on, in our teenage and young adult years, the brain seems to have numerous, partitioned networks with high levels of inner connectivity, reflecting the ability for specialized processing to occur. That makes sense, as this is the time when we are learning how to play sports, speak languages, and develop talents. Around our mid-40s, however, that starts to change. Instead, the brain begins becoming less connected within those separate networks and more connected globally across networks. By the time we reach our 80s, the brain tends to be less regionally specialized and instead broadly connected and integrated.

    […]

    “During the early years of life, there is a rapid organization of functional brain networks. A further refinement of the functional networks then takes place until around the third and fourth decade of life. A multi-faceted interplay of potentially harmful and compensatory changes can follow in aging,” the reviewers concluded.

    Source: The brain undergoes a great "rewiring" after age 40 | Big Think

    Gaming on the go (or anywhere)

    I finally caved and bought a Steam Deck this week. I’ve loads of Steam games that I’ve collected over the years and some of them are amazing on the Deck. GRID motorsport, for example, as well as Star Wars Squadrons.

    This list is a reminder to myself to explore some other, different kinds of games that I don’t usually play.

    One of the neat things about the Steam Deck is that even before you’ve wrenched the handheld PC from its cardboard box, you’ll probably already own a bunch of games for it, as it’s designed to be naturally compatible with as much of the existing Steam catalogue as possible. Some games are more Deck-ready than others, however, so if you’re a newly minted owner looking for where to start, perhaps this list of the 30 best Steam Deck games might be of service?
    Source: The 30 best Steam Deck games | Rock Paper Shotgun

    You don't have to be the best to be valuable

    A timely reminder via Emma Cragg’s latest newsletter that sharing our own perspective is enough. I particularly enjoyed the inclusion of the author’s daughter’s curl at the bottom of the newsletter as a reminder than not everything has to be ‘the best’ to have value.

    I can’t tell you how many hours I’ve spent questioning if anything I have to say is worthy of being shared — questioning my own creativity, my own ideas, my own experiences put into words, my own writing and art. I’ve questioned if it matters at all since there are a million other people doing the same thing. I’ve questioned if it’s just adding more noise and consumption in a world over-stuffed with exactly that. I’ve questioned if it should even be worked on if it isn’t going to be the best. I’ve questioned my own enoughness in relation to what I create, what I put into the world, what I choose to say out loud and how I say it. I’ve questioned this newsletter, these words, this exact moment.

    […]

    Yet my questioning of my work bypasses an important truth: no one else can do my work because no one else is me. And no one else can do your work because no one else is you. When I write, I write with my entire being: my lived experience and history, my genes and blood, my vision and longing, my grief and hope, my path and where I come from, my vantage point and opinion, my heart and soul — things only I have that cannot be replicated. Similarly, only you can do the work you do — whether it’s parenting or creating art, working on cars or computers, gardening or running, performing or teaching — only you can do what you do in the exact way you do it.

    […]

    We easily forget that what we create is part of a web — part of something bigger — part of a huge tapestry of others sharing themselves and their work in the ways only they can, right alongside us. And when we choose to show up for our work, we add to the web in a way that makes life more full, more rich, more beautiful. We place our piece in the tapestry in a way only we can, which enhances the whole of it. We add our voice to a collective choir who may all be saying the same thing, but how much sweeter is it when there’s a whole room of it, a whole stadium, a whole world?

    Source: Not the best | Human Stuff from Lisa Olivera

    Hierarchy is bad for business

    I think this is a great post for people who realise that there might be something wrong with the hierarchy-by-default way we run organisations and society. It’s hard not to come away from it feeling a little liberated.

    As someone who has spent the last few years in a co-op with consent-based decision-making and a flat structure, however, I don’t buy the ‘hierarchy is here to stay’ nihilism. Instead, although it’s not what we’ve been brought up to be used to, something like sociocratic circles can scale infinitely!

    Being an adult means not measuring yourself entirely on other people’s definition of success. Personal growth might come in the guise of a big promotion, but it also might look like a new job, a different role, a swing to management or back, becoming well-known as a subject matter expert, mentoring others, running an affinity group, picking up new skill sets, starting a company, trying your hand at consulting, speaking at conferences, taking a sabbatical, having a family, working part time, etc. No one gets to define that but you.

    […]

    Why do people climb the ladder? “Because it’s there.” And when they don’t have any other animating goals, the ladder fills a vacuum.

    But if you never make the leap from externally-motivated to intrinsically-motivated, this will eventually becomes a serious risk factor for your career. Without an inner compass (and a renewable source of joy), you will struggle to locate and connect with the work that gives your life meaning. You will risk burnout, apathy and a serious lack of fucks given..

    Source: The Hierarchy Is Bullshit (And Bad For Business) | charity.wtf

    'Even over' statements

    Aaron Hirtenstein mentioned this post to me earlier in the week, thinking that it might be useful for a collaborative project on which we’re working.

    The idea is to try and prioritise one good thing over another and, as such, seems to be influenced by the Manifesto for Agile Software Development.

    [I]f everything is a priority, nothing is priority. As you’ve no doubt found from your own experience, the “we can have it all” mindset fails frequently as we repeatedly come up short trying to be the best at everything.A better approach is to make trade-offs explicit, by choosing one thing over another thing. Done well, it will result in focus, clarity, alignment, better decision-making, and competitive edge. We want to share with you a practical method that we often use with our clients: the even over statement.

    […]

    An even over statement is a phrase containing two positive things, where the former is prioritized over the latter.

    […]

    Here are a few examples:

    Product tradeoffs Exclusive product line even over mass market adoption Amazing customer service even over new product features Mobile experience even over desktop experience Revenue growth even over user growth

    Culture tradeoffs Collaboration even over focus Progress even over perfection Honest feedback even over harmony Impact even over following a plan Quality even over volume Hiring team players even over deep experts

    Source: Even over statements: The prioritization tool that brings your strategy to life | Jurriaan Kamer

    The unintended consequences of photography

    Some good points in this photo essay, including photography leading to greater compassion as well as political influence.

    Photographs were more than just pictures. While the inventors never intended more than to capture an image, the medium turned into a social force with far-reaching effects.
    Source: 5 Unintended Consequences of Photography | The Saturday Evening Post

    The 2022 Drone Photo Awards

    I had a conversation with my neighbour this week about drones. They were pointing out how invasive they can be, while I was talking about the amazing photographs they can take.

    Sure enough, later that day I come across this year’s Drone Photo Award and there’s some absolute stunners in there. The ones of nature are, of course, amazing, but for some reason this one of a Dutch suburb grabbed me as my favourite.

    The annual Drone Photo Awards announced its 2022 winners earlier this month, releasing a remarkable collection of images that frame the world’s most alluring landscapes from a rarely-seen view. This year’s contest garnered submissions from 2,624 participants hailing from 116 countries, and the aerial photos capture a vast array of life on Earth, including a caravan of camel shadows crossing the Arabian Desert, a waterlily harvest in West Bengal, and the veiny trails of lava emerging from a fissure near Iceland’s Fagradalsfjall volcano.
    Source: From a Volcanic Fissure to a Waterlily Harvest, the 2022 Drone Photo Awards Captures Earth’s Stunning Sights from Above | Colossal

    A philosophical approach to performative language

    I don’t know anything about Ariel Pontes, the author of this article, other than seeing that they’re a member of the Effective Altruism community. (Which is a small red flag in and of itself, as it tends to be full of hyper-rationalist solutionist dudes.)

    However, what I appreciate about this loooooong article is that Pontes applies philosophical concepts I’ve come across before to talk about the different roles language can play across the political divide.

    People are not just tricked into believing falsities anymore, they no longer care about what’s true or false as long as it supports their narratives and hashtags. But can we draw a sharp boundary between smart, rational, objective people, and crazy, fact-denying post-truthers? Or do we all use non-factual language to some extent? What are we really doing when we say things like “meat is murder” or “all lives matter”?

    […]

    Most people would probably agree, if asked, that humans are prone to black-and-white thinking, and that this is bad. But few of us actually make as constant conscious effort to avoid this tendency of ours in our daily lives. Our tribal brains are quick to label people as belonging either to our team of that of the enemy, for example, and it’s hard to accept that there are many possibilities in between.

    [...]

    Once we start seeing language as a tool used to play different games, it becomes natural to ask: what types of games are people playing out there? In his lecture series posthumously published as How To Do Things With Words, J. L. Austin introduces the concept of a “performative utterance” or “speech act”, a sentence that does not describe or “constate” any fact, but performs an action.

    [...]

    In his lectures about performative utterances, Austin introduces what he calls the descriptive fallacy. This fallacy is committed when somebody interprets a performative utterance as merely descriptive, subsequently dismissing it as false or nonsense when in fact it has a very important role, it’s just that this role is not simply stating facts. If somebody goes on vacation after a stressful period at work and, as they finally lie on their beach chair in their favorite resort with their favorite cocktail in their hands, they say “life is good”, it would be absurd to say “this statement is meaningless because it cannot be empirically verified”. Clearly it is an expression of a state of mind that doesn’t really have a factual dimension at all.

    What’s important to emphasize here, however, is that those who attack speech acts as false or meaningless are as guilty as the descriptive fallacy as those who defend their performative utterances on factual grounds, which is regrettably common. People are not usually aware that, besides labelling a statement as “true” or “false”, they can also label it as “purely performative, lacking factual content”. The performative nature of language is not something people are explicitly aware of in general. As a consequence, when a statement is phrased as factual but is confusing and hard to grasp as factually true, our intuitive reaction is to label it as false. On the other hand, if a statement becomes part of our identity as consequence of being used as the slogan of a movement we strongly support, we feel tempted to defend it as factually true even though it might be quite plainly false or factually meaningless.

    [...]

    Language is complex. A statement can always be interpreted in many ways. In the age of social media, where a tweet can be read by millions of people, it is always possible that somebody will read a malicious insinuation into an genuinely well intended comment. Because of this, it is often helpful to say what you don’t mean. Of course, no matter how much effort we make, somebody might always attack us. This is a reality we have to simply come to terms with. But it doesn’t mean we shouldn’t try.

    Source: Performative language. How philosophy of language can help us… | Ariel Pontes

    A philosophical approach to performative language

    I don’t know anything about Ariel Pontes, the author of this article, other than seeing that they’re a member of the Effective Altruism community. (Which is a small red flag in and of itself, as it tends to be full of hyper-rationalist solutionist dudes.)

    However, what I appreciate about this loooooong article is that Pontes applies philosophical concepts I’ve come across before to talk about the different roles language can play across the political divide.

    People are not just tricked into believing falsities anymore, they no longer care about what’s true or false as long as it supports their narratives and hashtags. But can we draw a sharp boundary between smart, rational, objective people, and crazy, fact-denying post-truthers? Or do we all use non-factual language to some extent? What are we really doing when we say things like “meat is murder” or “all lives matter”?

    […]

    Most people would probably agree, if asked, that humans are prone to black-and-white thinking, and that this is bad. But few of us actually make as constant conscious effort to avoid this tendency of ours in our daily lives. Our tribal brains are quick to label people as belonging either to our team of that of the enemy, for example, and it’s hard to accept that there are many possibilities in between.

    [...]

    Once we start seeing language as a tool used to play different games, it becomes natural to ask: what types of games are people playing out there? In his lecture series posthumously published as How To Do Things With Words, J. L. Austin introduces the concept of a “performative utterance” or “speech act”, a sentence that does not describe or “constate” any fact, but performs an action.

    [...]

    In his lectures about performative utterances, Austin introduces what he calls the descriptive fallacy. This fallacy is committed when somebody interprets a performative utterance as merely descriptive, subsequently dismissing it as false or nonsense when in fact it has a very important role, it’s just that this role is not simply stating facts. If somebody goes on vacation after a stressful period at work and, as they finally lie on their beach chair in their favorite resort with their favorite cocktail in their hands, they say “life is good”, it would be absurd to say “this statement is meaningless because it cannot be empirically verified”. Clearly it is an expression of a state of mind that doesn’t really have a factual dimension at all.

    What’s important to emphasize here, however, is that those who attack speech acts as false or meaningless are as guilty as the descriptive fallacy as those who defend their performative utterances on factual grounds, which is regrettably common. People are not usually aware that, besides labelling a statement as “true” or “false”, they can also label it as “purely performative, lacking factual content”. The performative nature of language is not something people are explicitly aware of in general. As a consequence, when a statement is phrased as factual but is confusing and hard to grasp as factually true, our intuitive reaction is to label it as false. On the other hand, if a statement becomes part of our identity as consequence of being used as the slogan of a movement we strongly support, we feel tempted to defend it as factually true even though it might be quite plainly false or factually meaningless.

    [...]

    Language is complex. A statement can always be interpreted in many ways. In the age of social media, where a tweet can be read by millions of people, it is always possible that somebody will read a malicious insinuation into an genuinely well intended comment. Because of this, it is often helpful to say what you don’t mean. Of course, no matter how much effort we make, somebody might always attack us. This is a reality we have to simply come to terms with. But it doesn’t mean we shouldn’t try.

    Source: Performative language. How philosophy of language can help us… | Ariel Pontes

    Technological Liturgies

    A typically thoughtful article from L. M. Sacasas in which they “explore a somewhat eccentric frame by which to consider how we relate to our technologies, particularly those we hold close to our bodies.” It’s worth reading the whole thing, especially if you grew up in a church environment as it will have particular resonance.

    Pastoral scene

    I would propose that we take a liturgical perspective on our use of technology. (You can imagine the word “liturgical” in quotation marks, if you like.) The point of taking such a perspective is to perceive the formative power of the practices, habits, and rhythms that emerge from our use of certain technologies, hour by hour, day by day, month after month, year in and year out. The underlying idea here is relatively simple but perhaps for that reason easy to forget. We all have certain aspirations about the kind of person we want to be, the kind of relationships we want to enjoy, how we would like our days to be ordered, the sort of society we want to inhabit. These aspirations can be thwarted in any number of ways, of course, and often by forces outside of our control. But I suspect that on occasion our aspirations might also be thwarted by the unnoticed patterns of thought, perception, and action that arise from our technologically mediated liturgies. I don’t call them liturgies as a gimmick, but rather to cast a different, hopefully revealing light on the mundane and commonplace. The image to bear in mind is that of the person who finds themselves handling their smartphone as others might their rosary beads.

    […]

    Say, for example, that I desire to be a more patient person. This is a fine and noble desire. I suspect some of you have desired the same for yourselves at various points. But patience is hard to come by. I find myself lacking patience in the crucial moments regardless of how ardently I have desired it. Why might this be the case? I’m sure there’s more than one answer to this question, but we should at least consider the possibility that my failure to cultivate patience stems from the nature of the technological liturgies that structure my experience. Because speed and efficiency are so often the very reason why I turn to technologies of various sorts, I have been conditioning myself to expect something approaching instantaneity in the way the world responds to my demands. If at every possible point I have adopted tools and devices which promise to make things faster and more efficient, I should not be surprised that I have come to be the sort of person who cannot abide delay and frustration.

    […]

    The point of the exercise is not to divest ourselves of such liturgies altogether. Like certain low church congregations that claim they have no liturgies, we would only deepen the power of the unnoticed patterns shaping our thought and actions. And, more to the point, we would be ceding this power not to the liturgies themselves, but to the interests served by those who have crafted and designed those liturgies. My loneliness is not assuaged by my habitual use of social media. My anxiety is not meaningfully relieved by the habit of consumption engendered by the liturgies crafted for me by Amazon. My health is not necessarily improved by compulsive use of health tracking apps. Indeed, in the latter case, the relevant liturgies will tempt me to reduce health and flourishing to what the apps can measure and quantify.

    Source: Taking Stock of Our Technological Liturgies | The Convivial Society

    Technological Liturgies

    A typically thoughtful article from L. M. Sacasas in which they “explore a somewhat eccentric frame by which to consider how we relate to our technologies, particularly those we hold close to our bodies.” It’s worth reading the whole thing, especially if you grew up in a church environment as it will have particular resonance.

    Pastoral scene

    I would propose that we take a liturgical perspective on our use of technology. (You can imagine the word “liturgical” in quotation marks, if you like.) The point of taking such a perspective is to perceive the formative power of the practices, habits, and rhythms that emerge from our use of certain technologies, hour by hour, day by day, month after month, year in and year out. The underlying idea here is relatively simple but perhaps for that reason easy to forget. We all have certain aspirations about the kind of person we want to be, the kind of relationships we want to enjoy, how we would like our days to be ordered, the sort of society we want to inhabit. These aspirations can be thwarted in any number of ways, of course, and often by forces outside of our control. But I suspect that on occasion our aspirations might also be thwarted by the unnoticed patterns of thought, perception, and action that arise from our technologically mediated liturgies. I don’t call them liturgies as a gimmick, but rather to cast a different, hopefully revealing light on the mundane and commonplace. The image to bear in mind is that of the person who finds themselves handling their smartphone as others might their rosary beads.

    […]

    Say, for example, that I desire to be a more patient person. This is a fine and noble desire. I suspect some of you have desired the same for yourselves at various points. But patience is hard to come by. I find myself lacking patience in the crucial moments regardless of how ardently I have desired it. Why might this be the case? I’m sure there’s more than one answer to this question, but we should at least consider the possibility that my failure to cultivate patience stems from the nature of the technological liturgies that structure my experience. Because speed and efficiency are so often the very reason why I turn to technologies of various sorts, I have been conditioning myself to expect something approaching instantaneity in the way the world responds to my demands. If at every possible point I have adopted tools and devices which promise to make things faster and more efficient, I should not be surprised that I have come to be the sort of person who cannot abide delay and frustration.

    […]

    The point of the exercise is not to divest ourselves of such liturgies altogether. Like certain low church congregations that claim they have no liturgies, we would only deepen the power of the unnoticed patterns shaping our thought and actions. And, more to the point, we would be ceding this power not to the liturgies themselves, but to the interests served by those who have crafted and designed those liturgies. My loneliness is not assuaged by my habitual use of social media. My anxiety is not meaningfully relieved by the habit of consumption engendered by the liturgies crafted for me by Amazon. My health is not necessarily improved by compulsive use of health tracking apps. Indeed, in the latter case, the relevant liturgies will tempt me to reduce health and flourishing to what the apps can measure and quantify.

    Source: Taking Stock of Our Technological Liturgies | The Convivial Society

    Organisational design: the floor is lava

    Coda Hale was, until last year, Principal Engineer at MailChimp. As a result, they seamless mix in words and equations in this article that betray an engineering background.

    You shouldn’t let that put you off, though, as this deep dive into organisational design is absolutely worth it. I want to quote two sections in particular, but go and read the whole thing!

    The first bit, is the difference between the way that management visualises the structure of an organisation versus how it actually works. Hale explains this as the difference between things that look like they’re working in parallel but which actually sequential:

    As with writing highly-concurrent applications, building high-performing organizations requires a careful and continuous search for shared resources, and developing explicit strategies for mitigating their impact on performance.

    A commonly applied but rarely successful strategy is using external resources–e.g. consultants, agencies, staff augmentation–as an end-run around contention on internal resources. While the consultants can indeed move quickly in a low-contention environment, integrating their work product back into the contended resources often has the effect of… a quadratic spike in wait times which increases utilization which in turn produces a superlinear spike in wait times… Successful strategies for reducing contention include increasing the number of instances of a shared resource (e.g., adding bathrooms as we add employees) and developing stateless heuristics for coordinating access to shared resources (e.g., grouping employees into teams).

    As with heavily layered applications, the more distance between those designing the organization and the work being done, the greater the risk of unmanaged points of contention. Top-down organizational methods can lead to subdivisions which seem like parallel efforts when listed on a slide but which are, in actuality, highly interdependent and interlocking. Staffing highly sequential efforts as if they were entirely parallel leads to catastrophe.

    I’ve definitely been in the situation as a consultant multiple times where we’re used as a way to get around organisational inefficiencies. But then when you plug the work back into the organisation, you have to sit and wait until the next bit of work comes along. There’s no rhythm to it, which is annoying for everyone. It’s incoherent.

    So the best thing to do, whether you’re working with outside people/orgs or not, is to limit the number of people who need to be consulted as part of processes:

    The only scalable strategy for containing coherence costs is to limit the number of people an individual needs to talk to in order to do their job to a constant factor.

    In terms of organizational design, this means limiting both the types and numbers of consulted constituencies in the organization’s process. Each additional person or group in a responsibility assignment matrix geometrically increases the area of that matrix. Each additional responsibility assignment in that matrix geometrically increases the cost of organizational coherence.

    It’s also worth noting that these pair-wise communications don’t need to be formal, planned, or even well-known in order to have costs. Neither your employee handbook nor your calendar are accurate depictions of how work in the organization is done. Unless your organization is staffed with zombies, members of the organization will constantly be subverting standard operating procedure in order to get actual work done. Even ants improvise. An accurate accounting of these hidden costs can only be developed via an honest, blameless, and continuous end-to-end analysis of the work as it is happening.

    This is an article I’ll be coming back to!

    Source: Work Is Work | codahale.com

    Image: CC BY-NC-SA LockRikard

    Organisational design: the floor is lava

    Coda Hale was, until last year, Principal Engineer at MailChimp. As a result, they seamless mix in words and equations in this article that betray an engineering background.

    You shouldn’t let that put you off, though, as this deep dive into organisational design is absolutely worth it. I want to quote two sections in particular, but go and read the whole thing!

    The first bit, is the difference between the way that management visualises the structure of an organisation versus how it actually works. Hale explains this as the difference between things that look like they’re working in parallel but which actually sequential:

    As with writing highly-concurrent applications, building high-performing organizations requires a careful and continuous search for shared resources, and developing explicit strategies for mitigating their impact on performance.

    A commonly applied but rarely successful strategy is using external resources–e.g. consultants, agencies, staff augmentation–as an end-run around contention on internal resources. While the consultants can indeed move quickly in a low-contention environment, integrating their work product back into the contended resources often has the effect of… a quadratic spike in wait times which increases utilization which in turn produces a superlinear spike in wait times… Successful strategies for reducing contention include increasing the number of instances of a shared resource (e.g., adding bathrooms as we add employees) and developing stateless heuristics for coordinating access to shared resources (e.g., grouping employees into teams).

    As with heavily layered applications, the more distance between those designing the organization and the work being done, the greater the risk of unmanaged points of contention. Top-down organizational methods can lead to subdivisions which seem like parallel efforts when listed on a slide but which are, in actuality, highly interdependent and interlocking. Staffing highly sequential efforts as if they were entirely parallel leads to catastrophe.

    I’ve definitely been in the situation as a consultant multiple times where we’re used as a way to get around organisational inefficiencies. But then when you plug the work back into the organisation, you have to sit and wait until the next bit of work comes along. There’s no rhythm to it, which is annoying for everyone. It’s incoherent.

    So the best thing to do, whether you’re working with outside people/orgs or not, is to limit the number of people who need to be consulted as part of processes:

    The only scalable strategy for containing coherence costs is to limit the number of people an individual needs to talk to in order to do their job to a constant factor.

    In terms of organizational design, this means limiting both the types and numbers of consulted constituencies in the organization’s process. Each additional person or group in a responsibility assignment matrix geometrically increases the area of that matrix. Each additional responsibility assignment in that matrix geometrically increases the cost of organizational coherence.

    It’s also worth noting that these pair-wise communications don’t need to be formal, planned, or even well-known in order to have costs. Neither your employee handbook nor your calendar are accurate depictions of how work in the organization is done. Unless your organization is staffed with zombies, members of the organization will constantly be subverting standard operating procedure in order to get actual work done. Even ants improvise. An accurate accounting of these hidden costs can only be developed via an honest, blameless, and continuous end-to-end analysis of the work as it is happening.

    This is an article I’ll be coming back to!

    Source: Work Is Work | codahale.com

    Image: CC BY-NC-SA LockRikard

    What is ransom capitalism?

    Gareth Fearn argues, and I absolutely agree, that governments are so captured by neoliberal thinking that some types of companies or sectors are seen as “too big to fail”. This leads to them being bailed out, which is a capitulation to a kind of ‘ransom capitalism’.

    Bailouts are an ideal intervention for a decaying neoliberal politics: they maintain capital flows, rising asset prices and the upwards redistribution of wealth, while supporting the minimum needs of enough of the population to prevent total social breakdown.

    British politicians’ responses to soaring energy prices conform to the bailout consensus. Boris Johnson is promising ‘extra cash’, though leaving it up to his successor to work out the details (Liz Truss and Rishi Sunak have so far mostly offered tax cuts). Ed Davey, the leader of the Liberal Democrats, recently proposed an ‘energy furlough scheme’: the government would absorb the cost of rising energy prices and get some of the money back with a windfall tax. Labour soon followed suit, offering a similar cap to energy prices funded through some slightly more creative accounting.

    In both cases, energy companies would receive large amounts of public money (at least £29 billion) to enable them to continue charging their customers sums that many cannot afford. With these proposals following so closely behind the pandemic bailouts, which had the backing of all UK parties, we can see there is broad support for such extraordinary interventions with very little thought being given to the causes of the crisis – beyond criticism of the outgoing prime minister’s personality.

    […]

    There is an underlying assumption that at some point there will be a return to the ‘normality’ of self-regulating markets of private actors. But bailouts without structural change keep us on the path of ever-increasing losses for the public just to sustain the basics of life, while maintaining a failed market system which is not only generating crises but limiting responses to them – as many nations in the Global South have experienced for decades.

    High inflation is not unique to the UK, but the capitulation to the energy companies’ ransom demands seems especially acute here, as is the actual rate of rising costs. France is able to lower prices through its state energy company, Spain and Germany have intervened to reduce the cost of public transport, and many of the proposed measures across Europe involve taking equity in energy companies or stricter regulation. But the UK is too far down the neoliberal rabbit-hole even to countenance such mild social democratic policies.

    Source: Ransom Capitalism | London Review of Books

← Newer Posts Older Posts →