Showing posts with label value. Show all posts
Showing posts with label value. Show all posts

Wednesday, August 28, 2019

The Rat Trap

Years ago, I wrote a commentary piece that no newspaper wanted to publish.  Maybe in my CV I should have listed the essays that were rejected along with the listing of the published pieces.  I bet that the rejections easily outnumber those that were found fit to be printed!

Anyway, this particular commentary was in the context of the Oscars--the Academy Awards.  The argument that I offered there was this: The Oscars are perhaps the easiest way that we can all understand "market failure."

If the forces of the marketplace were to prevail, then the best picture is the one that earned the most at the box office.  As simple as that.  As this NY Times piece put it more recently, you can rarely have both box office hits and best picture winners at the Oscars.  Rarely ever.  The market, where consumers exercise their preferences, rarely ever picks the best picture.  The market does not always know the best.

I learnt this young--well before I knew anything about the basics of microeconomics--back in the old country.  I loved the movies made by Adoor Gopalakrishnan and Shyam Benegal and ... I didn't watch any of these awesome films in the movie halls because, well, they were never screened there.  The market was saturated with formulaic movies, of which I saw a few too.  These awesome movies that lost out in the marketplace I watched thanks to the government's television channel.  The market, as I later understood in graduate school, knows the price of everything, but never the value of anything.

We need arbiters of quality. Of value. People who know serious shit who can make aesthetic judgments.  Once upon a time, academics were integral to this process.  Not anymore.
In the early 20th century, the critic I.A. Richards already perceived the tension between equality and judgment. “The expert in matters of taste is in an awkward position when he differs from the majority,” he wrote. “He is forced to say in effect, ‘I am better than you. My taste is more refined, my nature more cultured, you will do well to become more like me than you are.’”  By the waning years of the 20th century, professors concluded they needed to reframe their expertise in order to align it with egalitarianism. Therefore, they bend over backward to disguise their syllabi as value-neutral, as simply a means for students to gain cultural or political or historical knowledge. 
We have become wimps. Wusses.  Especially in the postmodernist discourse, we academics have actively pursued the opposite of making aesthetic judgement--we seem to grant every view, every preference, an equal status!  A Marvel comic-book on superheroes is as valuable to humanity as is the Ramayana or Crime and Punishment.
Many professors believe they are trying to contest that intrusion of markets into every sphere of life that goes by the name “neoliberalism.” In my experience, the professors most strident about refusing value judgments are also most committed to resisting neoliberalism. But they can’t have it both ways. 
Indeed.  I am not a huge fan of neoliberalism, nor am I a fierce critic of it either.  Which is also why many of my colleagues view me with suspicion that I am an enemy in disguise.
There’s a basic problem with the capitulation of cultural education to consumer preference. Dogmatic equality tells us: There’s nothing wrong with your taste. If you prefer a steady diet of young adult novels or reality TV shows, so what? No one has the authority to make you feel bad about your desires, to make you think you should want something else.
Such statements sound unobjectionable, even admirable. But if the academy assimilates this view — as it largely has over the past three decades — then a possibility central to humanistic education has been lost. The prospect that you might be transformed, that you might discover new modes of thought, perception, and desire, has been foreclosed.
I am always shocked with the number of students who have ever read any serious piece of literature--in high school literature classes and then in the humanities courses in college.  And then we wonder why the mind has not been opened yet.  Imagine if we had a parallel curriculum in the sciences, where we ... oh well, you get the point, I am sure.
Our work as educators is to show students forms of life and thought that they may not value, and then to help them become the kind of person who does value them. 
In a recent conversation with a guy about my age, I asked him how he became who he is after having grown up in a highly fundamentalist Christian family.  "I came to Eugene and met a whole bunch of people who thought differently," he said.  And then he read Greek and Latin classics in college. Since then, he has charted out for himself who he wanted to be.
David Hume wrote: “Many men, when left to themselves, have but a faint and dubious perception of beauty, who yet are capable of relishing any fine stroke which is pointed out to them.”
I have enormous trust in the arbiters of aesthetics.  I skip movies that Anthony Lane disses, for instance.  I am yet to watch any of the box office champs this past decade.  Yes, dammit, I know better!


Wednesday, February 11, 2015

The older I get, the more I hate college football

In the market economy, we certainly know how to put a price on anything and everything, irrespective of how much we value that item or the work that a person does.

Take for instance the snow that has been piling up in Boston.  Imagine if the workers whose job it is to clear the roads and streets did not show up for work. Or threatened to go on a strike.  We immediately see the value of the work they do, right?  These are real services they provide, without which quite of bit of life in Boston will come to a standstill.  One would think that they will be highly paid.

source

Or, take elementary school teachers as an example.  We trust them with what pretty much every parent would consider to be the most precious in life--their children.  Teachers who have immense opportunities to shape or ruin their children's futures.   One would think that they will be highly paid.

Instead, you and I and the other billions of humans collectively prefer to pay people for services that we could easily do without.

Take, for instance, the latest news about a college football coach. At the university in the town where I live.
The University of Oregon will pay at least $17.5 million to keep winning football coach Mark Helfrich on his home turf for another five years.
$17.5 million!  Other than this guy who is now spending some of his fortunes on a road trip, I doubt whether any reader of this blog really knows what $17.5 million mean.  I have no freaking clue how to understand that kind of a money.

$17.5 million for coaching a football team.

The market, my friend, knows how to put a price but has no fucking understanding of value!  This is the system that we are stuck with.  Especially when the people can't get enough entertainment in their lives.  To heck with the children in the second grade, but goddammit we shall have entertainment 24x7!

You want more references to understand the distorted and screwed up emphasis on entertainment?
Helfrich’s annual salary is now about six times the UO president’s compensation.
Let me recap.
The coach is for a football team, whose existence is made possible by the university whom the players represent.
Without the university, there will not be students.
Without students, no football team.
The university is there to educate students.
One would think that, therefore, the educator-in-chief, the university president, would be the highest paid officer, right?
But, the coach earns six times what the president is paid!
According to the USA Today coaches salaries database, Helfrich — whose previous annual salary of $2 million ranked 52nd nationally and 10th in the Pac-12 — is now fourth among his Pac-12 counterparts and tied for 22nd nationally with an immediate base-pay raise to $3.15 million.
That, my friend, is how "the market" works!  But, we are stuck with it because the great alternative was infinitely worse.

Keep this in mind the next time you try to convince me, or somebody else, or even yourself, on the glories of the market!

BTW, because a $17.5 million can barely cover the caviar bill:
Some of the fringe benefits in Helfrich’s contract include:
Two courtesy cars.
Membership to the Eugene Country Club and the Downtown Athletic Club.
Use of a skybox suite and 12 tickets to home football games; four tickets to home games of Oregon’s other varsity sports.
Travel for his spouse to regular-season road games and for his spouse and children to postseason games.
Meanwhile, the road cleaning crew in Boston gets ready for another dump on Thursday.  The elementary school teachers spend their own money for supplies.  We pay bullshit jobs quite a bit, and make sure we would attack the real value adders if they asked for an Oliver Twist-more!
in our society, there seems a general rule that, the more obviously one’s work benefits other people, the less one is likely to be paid for it.  Again, an objective measure is hard to find, but one easy way to get a sense is to ask: what would happen were this entire class of people to simply disappear? Say what you like about nurses, garbage collectors, or mechanics, it’s obvious that were they to vanish in a puff of smoke, the results would be immediate and catastrophic. A world without teachers or dock-workers would soon be in trouble, and even one without science fiction writers or ska musicians would clearly be a lesser place. It’s not entirely clear how humanity would suffer were all private equity CEOs, lobbyists, PR researchers, actuaries, telemarketers, bailiffs or legal consultants to similarly vanish.
We are fucked up!

ps: I am sure there will be some who will claim that these are not representative of a free market.  But, hey, that claim is no different from die hard Marxists' claim that the USSR was not practicing true Communism.  So, no point talking about some Utopian version of anything that does not exist on this planet.