Religion and Violence: On the Power of Self-Idolatry

Religion and power make awkward bed-fellows. Speaking in January 2015 on religious fundamentalism, Pope Francis suggested that violence belies claims of religious validity. That is to say, actions speak louder than words, and harming other people effectively renders a person’s claims of religious motivation null and void. Unfortunately, the typical assumption that people have that they cannot be wrong when it comes to their own religious beliefs also operates when political ideology is the actual motivation. Such pride, which I suspect is rooted in self-idolatry, stands as a wall preventing such remarks from influencing potential culprits.

The full essay is at “Religion and Violence.”

On a Central Federal Policy in Education in the U.S.: Implications for American Federalism

In a speech in January 2015, U.S. Education Secretary Arne Duncan urged a continued central role for the federal government in education policy. He said the president was proposing to increase federal spending on elementary and secondary schools by $2.7 billion; Congress had appropriated $67 billion to the U.S. Department of Education—with $23.3 billion for the Elementary and Secondary Education Act—in the 2015 budget.[1]  Typically, debate on the federal government’s role had focused on the use of standardized tests in holding schools accountable. I submit that a self-governing people has a duty to consider the wider implications, such as the impact of a greater role on the federal system. Otherwise, unintended consequences may show up after it is too late to do anything about them.

The full essay is at "Federal Policy in Education."

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[1] Caroline Porter and Siobhan Hughes, “Education Secretary Presses Central Federal Policy Role,” The Wall Street Journal, January 13, 2015.

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Fiscal Responsibility in Alaska: On the Challenge of Falling Oil-Tax Revenue

With West Texas Intermediate (WTI), the U.S. benchmark oil price, at $46.07 on January 12, 2015, lawmakers in Alaska were getting nervous because the government was relying on oil-industry taxes to cover 89% of the government’s operating revenue.[1] At the time, the government had a $3.5 billion deficit in the $6.1 billion budget.  How the governor, Bill Walker, planned to deal with the shortfall can give us a glimpse of what fiscal responsibility might look like in government.

The full essay is at “Fiscal Responsibility in Alaska.”

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[1] Ana Campoy, Mark Peters, and Erica Phillips, “Energy-Heavy States Get a Crude Awakening,” The Wall Street Journal, January 13, 2015.

Stockholder Activism at DuPont: A Conflict of Interest for Management

In American corporate governance law, the business judgment rule gives management expertise the benefit of the doubt over stockholder proposals. Compared with executive skill, they look rather populist and thus potentially irrational in nature. Nevertheless, with the rule chaffing up against the property-rights foundation of corporate capitalism, the managerial prerogative can be said to be dubious. Indeed, a strict private-property basis justifies displacing the default profit-maximization mission for a given corporation. Alternatively, stockholders may want to use their concentrated, collective wealth for other purposes, such as to alleviate hunger. Once enough profit has been made for the business to be sustained for another year or two, any additional surplus would be spent on food pantries, for example, rather than going out as dividends or being retained by the corporation. Because managerial skill is premised on the profit-maximization goal and its associated strategies, corporate executives intrinsically resist alternatives proposed by stockholders. The managers face a conflict of interest in providing their recommendation for stockholders. Even when the proposal assumes profit-maximization but differs from a current strategy (i.e., adopted by management), a conflict of interest exists should the management seek to provide a recommendation for the stockholders. In this essay, I use the activism of Trian Fund Management at DuPont to illustrate this point.

The full essay is at “Stockholder Activism at DuPont.”

Is Dark Trading Ethical?

“Dark trading” has a subterranean connotation, as if it were done by slithering snakes in the river Styx. In actuality, the term refers to trading in stocks that is done on computers that are less public than the exchanges. That is to say, the bid-and-ask quotations on a given computer network are known only to participants on it, and not to the traders on the public exchanges. Ethically, the public-private dichotomy is relevant. I submit that it reflects a wider trend in American society.

The full essay is in Cases of Unethical Business, available in print and as an ebook at Amazon.com.  

Divestment as a Carbon-Reduction Strategy

As gas prices were dropping during the fall of 2014 throughout the U.S., sales of SUVs were picking up. That such drivers might find themselves with gas-guzzlers and high prices was apparently out of sight, out of mind. Moreover, that the increased carbon emissions might push the planet further from the habitable zone for humans was a point entirely missing from the mainstream media as well as office-holders. To the extent that some “socially responsible” investors selling off their holdings in or related to fossil-fuel companies was generally deemed to be a suitable approach to global warming, the overriding question may be how a species could treat its own survival as if it were an after-thought rather than a priority.

The full essay is at “Divestment”

Amtrak: Running on Empty

Letting Amtrak expire in the U.S. in favor of encouraging other companies to pick up new high-speed routes is, I submit, in America’s interest. I make the claim not because Amtrak trains are slow and cumbersome—which they are—or because the food is over-priced—which it is; rather, the company culture is the true culprit, being sordid in a way that I suspect few employees or passengers suspect.

The full essay is in Cases of Unethical Business: A Malignant Mentality of Mendacity, available in print and as an ebook at Amazon.com.

The Holiday: We Accept the Love We Think We Deserve

Two women suffering from unfaithful boyfriends swap homes in California and Britain, respectively, where they each meet a local guy and fall in love. By unfaithful, I don’t necessarily mean cheating; rather, the cheating variety can be situated within the larger category of not committing to love one person completely and with fullness of heart. Such is the plot of The Holiday (2006), a film that is essentially about five good people. As the three unfaithful people are pruned out, the viewer is left with an optimistic feeling about human beings being capable of emotional intimacy.

The full essay is at “The Holiday.”

Little Women: Strong in Death and Love

Little Women (1994), based on the novel by Louisa May Alcott, can be thought of as a social history of civil-war-era New England—that is to say, the film captures what life must have been like on a daily basis. Yet the human predicament resonates and thus makes the film moving for viewers far removed from the world of the Marsh family in Concord, Massachusetts. In particular, the film confronts the viewer with the hard task of going on even with the emotionally heavy experience of loss.

The full essay is at “Little Women”

The Fed Lets Banks Continue Risky Trades: Too Big To Fail Ensconced

In December 2014, the U.S. Federal Reserve Bank granted banks an extra year past the July 2015 deadline to comply with a major provision of the Volcker Rule requiring the banks to unwind investments in private equity firms, hedge funds, and specialty securities projects.[1] The Fed also announced that it would give the banks yet another year to hold onto their positions. The Fed’s rationale points to an underlying conflict of interest facing the Fed, a banking regulator that is arguably too vulnerable to the banks’ lobbying muscle.

The full essay is at “Risky Trades”

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1. Zach Carter, “Fed Delays Volcker Rule, Giving Wall Street Another Holiday Gift,” The Huffington Post, December 18, 2014.

The E.U. Shifts the Debate: Re-labeling Hamas and Palestine

Framing the contours of a debate goes a long way toward winning it. Part of such framing involves efforts to make derogatory labels stick to the opposing side. Through a number of decades in the twentieth century, communist was the weapon of choice. Actors who refused to name names found themselves blacklisted as pro-communist, or having communist sympathies. A decade after the fall of the U.S.S.R., labeling an organization or person as a terrorist came into its own as the all-too-easy means of depriving an opposing side of credibility. By 2015, some people believed that anytime a person of a particular Middle-Eastern religion kills someone, that person is a terrorist. The word’s very definition was somehow pliable enough to accommodate prejudice and simple dislike. This is not to say that real terrorists are squalid creatures; rather, my point is that people had realized that they could score political points by applying the label to their opponents and making it stick. Israel, for instance, had successfully gotten the E.U. to label the Palestinian political party Hamas as a terrorist organization. Yet as 2014 was coming to an end, the label was becoming unstuck, with broader implications for the wider debate on Israel and Palestine.

The full essay is at “E.U. Shifts Debate.”

Backing a Bear into a Corner: Falling Oil Prices Hit Russia Hard

Falling oil prices and economic sanctions in 2014 put the pressure on the Russian economy and its currency. The overall question may have been geo-political, however. Namely, would the twenty-first century see economic tools replace military response as the dominant means to “walk back” international aggressor states and restrict their further exploits? Such a question may be too broad, as even a newly-discovered devise that suddenly works is not likely to be applicable in every case. Even so, obviating war in the nuclear age would be no small feat.

The full essay is at “Falling Oil Prices Hit Russia Hard” 

Police Power Exceeding the Capacity of the Human Brain: Some Countervailing Measures

“Power tends to corrupt and absolute power corrupts absolutely.” Lord Acton’s timeless statement is applicable to legal and illegal power alike, for each is subject to abuse. The victims are those whose wills are bent through either harm or the threat of injury. Put another way, the human brain may lack sufficient cognitive, emotional, and perceptual machinery to check the instinctual plus socialized power-aggrandizing urge. This vulnerability is particularly apparent in viewing video showing a police employee violently over-react in a situation that quite obviously should not have involved violence. Although anger doubtlessly plays a crucial role in the trigger that unleashes the police violence, the more subtle suspension of cognition and warping of perception is also in the mix.

The full essay is at “Power and human nature.” 

A Pentecostal Pastor Fights the Enemy in Ukraine

Is religion so pliable that it can be contorted against itself “with a straight face?” That is to say, does the human mind lack the machinery necessary to recognize contradiction in religious matters?  I submit that the answer is yes. This is not necessarily to be “anti-religion;” rather, the implication is that acting from a religious motive ought not to be done without critical self-examination and care. The case of a Christian minister fighting in the Ukrainian army provides a useful case study of the vulnerability.

The full essay is at “A Pentecostal Pastor Fights the Enemy in Ukraine.”

Advise and Consent: Does Politics Have a Limit?

A film that centers on the U.S. Senate’s role in confirming executive nominations made by the president, Advise and Consent (1962) is arguably about whether moral limits pertain to power.  Put another way, should we expect no-hold barred efforts to manipulate others in the political arena? Personal lives and personal pasts being fair game?  Moreover, is the aim power for its own sake, or the manipulation of others for the sake of a public policy and ultimately the good of the country?

The full essay is at “Advise and Consent”