Capitalism = Good?

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Many people are conflicted regarding capitalism. We associate the word with “big business.” And while most agree that capitalism has delivered many benefits, sparking world-changing events such as the industrial and computer revolutions, capitalism’s dark side – a single-minded focus on increasing shareholder value – is increasingly revealed in the media.

That’s why it was so refreshing to read a proposal for a “New Capitalism” by Marc Benioff, Chairman of Salesforce, one of the world’s leading tech companies. Here’s how he began:

Capitalism, I acknowledge, has been good to me.

Over the past 20 years, the company that I co-founded, Salesforce, has generated billions in profits and made me a very wealthy person. I have been fortunate to live a life beyond the wildest imaginations of my great-grandfather, who immigrated to San Francisco from Kiev in the late 1800s.

Yet, as a capitalist, I believe it’s time to say out loud what we all know to be true: Capitalism, as we know it, is dead.

Yes, free markets — and societies that cherish scientific research and innovation — have pioneered new industries, discovered cures that have saved millions from disease and unleashed prosperity that has lifted billions of people out of poverty. On a personal level, the success that I’ve achieved has allowed me to embrace philanthropy and invest in improving local public schools and reducing homelessness in the San Francisco Bay Area, advancing children’s health care and protecting our oceans.

But capitalism as it has been practiced in recent decades — with its obsession on maximizing profits for shareholders — has also led to horrifying inequality. Globally, the 26 richest people in the world now have as much wealth as the poorest 3.8 billion people, and the relentless spewing of carbon emissions is pushing the planet toward catastrophic climate change. In the United States, income inequality has reached its highest level in at least 50 years, with the top 0.1 percent — people like me — owning roughly 20 percent of the wealth while many Americans cannot afford to pay for a $400 emergency. It’s no wonder that support for capitalism has dropped, especially among young people.

To my fellow business leaders and billionaires, I say that we can no longer wash our hands of our responsibility for what people do with our products. Yes, profits are important, but so is society. And if our quest for greater profits leaves our world worse off than before, all we will have taught our children is the power of greed.

It’s time for a new capitalism — a more fair, equal and sustainable capitalism that actually works for everyone and where businesses, including tech companies, don’t just take from society but truly give back and have a positive impact.

Want more? You can read the rest of the piece here

Ten Characters

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Most would agree that years after you read a novel, it’s not the plot that sticks with you, it’s the characters.

I’ve always been a plot-driven writer, so I recognize that I need to work on my characterization a bit harder than most.

That’s why I was drawn to Alberto Manguel’s piece, “In Art and Words, a Book Lover Honors the Characters He Can’t Forget.”

He has a pithy description of ten characters we all remember from great novels. Here is the first:

DRACULA

Apostle of blood, lord of night, invader of sleep — Count Dracula cannot die. He returns again and again, aided by Anne Rice and Stephenie Meyer. In our bleak age, Dracula has become a necessary monster.

Want more about the other nine? You can read the rest of the piece here

Hong Kong Under Siege

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Many were shocked by the brutal way that authorities put down – and are still putting down – the protests in Hong Kong.

But many others were not. Li Yuan is one of them. Here is how he began his recent piece, “One Country, No Arguments.”

Hong Kong’s protests have disrupted Yang Yang’s family life. Though the 29-year-old lives in mainland China, he was inspired by the demonstrations to write a song about freedom and upload it to the internet. When censors deleted it, he complained to his family.

They weren’t sympathetic. “How can you support Hong Kong separatists?” they asked. “How can you be anti-China?” His mother threatened to disown him. Before Mr. Yang left on a trip to Japan in August, his father said he hoped his son would die there.

Hong Kong’s protests have inflamed tensions in the semiautonomous Chinese city, but passions in the mainland have been just as heated — and, seemingly, almost exclusively against the demonstrators.

A pro-protest tweet by a Houston Rockets executive, Daryl Morey, ignited a firestorm of anger against the N.B.A., demonstrating the depth of feeling. Joe Tsai, the only N.B.A. owner of Chinese descent, said all of China — yes, more than one billion people — felt the same way.

“The one thing that is terribly misunderstood, and often ignored, by the western press and those critical of China is that 1.4 billion Chinese citizens stand united when it comes to the territorial integrity of China and the country’s sovereignty over her homeland,” he wrote. “This issue is non-negotiable.”

For Westerners, this is strange language. You don’t hear about the common feelings of 300 million Americans or 60 million Brits, especially in the era of Donald Trump and Brexit.

Yet, in China, there is some truth to it. Of course, it’s a vast country brimming with opinions. But the Communist Party has spent decades preparing the Chinese people for a moment like this. The stir over Hong Kong shows, in dramatic fashion, how successful it has been, and how the world could be shaped by it.

Want more? You can read the full article here

Rich…Pity?

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If the college admissions scandal has done anything, it has reminded us that there are two Americas that of the richest of the rich – and the rest of us.

The extent to which the super-rich have gone to get their offspring admitted to the most prestigious universities is, indeed, mind-boggling.

That’s why I was drawn to Richard Reeves op-ed, “Now the Rich Want Your Pity Too.” The author explains how the rich can’t stop at being rich, they need to work hard to be the richest, camp out to be at the front of the line to get their kids into the premier nursery school, and cheat to get them into the best colleges.

And then they complain that they have to work hellish hours to do all this “goodness.” Reeves has some suggestions – for all of us:

I have some better — and cheaper — ideas to improve the lives of the rich. If you are spending thousands of dollars and thousands of hours cultivating your children to get them into the most selective institutions: Just stop. Your kids will be just fine attending a good public university. And everyone’s life will be more relaxed in the meantime.

If you are a professional working yourself sick in order to make a big salary: Just stop. Nobody is forcing you to work such long hours. Maybe you will only be rich, as opposed to superrich. But you’ll be O.K.

If you are a homeowner with a huge mortgage that you took on in order to live in the very best neighborhood: Just stop. There is no law that says you have to live in the most expensive ZIP code you can afford.

Because, you see, nobody is making you do these stressful, expensive things. It is not a trap. It is a choice. If you don’t want to be stressed out, stop making decisions that will stress you out. It is probably true that rich Americans are making decisions about their lives and their children’s lives that are resulting in more stress and more spending — and so more stress. But it is also true that they could be making different choices. They are not powerless.

Want more? You can read the full article here

For Duty and Honor

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Of all the countries that have adversarial relations with the United States, Iran likely heads the list. There are a plethora of reasons why, not the least of which is Iran’s quest to be the dominant power in the Mideast.

How we deal with that threat has always troubled me, as well as how much Iran’s bad behavior America should tolerate.

I used those threads as the high-concept for my most recent novel, For Duty and Honor.

Recently, Rotor Review posted a short review of For Duty and Honor. I believe it sums up the book well. Trust you’ll enjoy it – as well as the book.

Rolling the Dice on AI

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There are no bombs falling on our cities, but America is at war. And the battlespace is artificial intelligence.

Our peer adversaries get this and are investing hundreds of billions of dollars to dominate the world of AI – and yes – dominate the world.

Sadly, our approach to winning this war is to let someone else – in this case, Silicon Valley – worry about it.

Tim Wu nailed it in his piece, “America’s Risky Approach to AI.” Here’s how he begins:

The brilliant 2014 science fiction novel “The Three-Body Problem,” by the Chinese writer Liu Cixin, depicts the fate of civilizations as almost entirely dependent on winning grand races to scientific milestones. Someone in China’s leadership must have read that book, for Beijing has made winning the race to artificial intelligence a national obsession, devoting billions of dollars to the cause and setting 2030 as the target year for world dominance. Not to be outdone, President Vladimir Putin of Russia recently declared that whoever masters A.I. “will become the ruler of the world.”

To be sure, the bold promises made by A.I.’s true believers can seem excessive; today’s A.I. technologies are useful only in narrow situations. But if there is even a slim chance that the race to build stronger A.I. will determine the future of the world — and that does appear to be at least a possibility — the United States and the rest of the West are taking a surprisingly lackadaisical and alarmingly risky approach to the technology.

The plan seems to be for the American tech industry, which makes most of its money in advertising and selling personal gadgets, to serve as champions of the West. Those businesses, it is hoped, will research, develop and disseminate the most important basic technologies of the future. Companies like Google, Apple and Microsoft are formidable entities, with great talent and resources that approximate those of small countries. But they don’t have the resources of large countries, nor do they have incentives that fully align with the public interest.

To exaggerate slightly: If this were 1957, we might as well be hoping that the commercial airlines would take us to the moon.

If the race for powerful A.I. is indeed a race among civilizations for control of the future, the United States and European nations should be spending at least 50 times the amount they do on public funding of basic A.I. research. Their model should be the research that led to the internet, funded by the Advanced Research Projects Agency, created by the Eisenhower administration and arguably the most successful publicly funded science project in American history.

You can read the full article here

Work = Love?

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One of the things that bind most humans together is that they work. It’s in our DNA and part of our survival instincts – and it also pays the rent.

There have been days when work has been less-than-uplifting that I’ve had to remind myself, “That’s why they call it a J.O.B.”

And that is why I was drawn to Tim Herrera’s great piece, “Learning to Love Your Job.” Here’s how he begins:

Do you like what you do?

Now, I don’t mean that in the broad sense of wondering whether you’re on the right career path. I mean on a day-to-day basis, if you thought about every single task your job entails, could you name the parts that give you genuine joy? What about the tasks you hate?

It’s an odd question. We don’t often step back to ask whether the small, individual components of our job actually make us happy.

But maybe we should. As many as a third of United States workers say they don’t feel engaged at work. The reasons vary widely, and everyone’s relationship with work is unique. But there are small ways to improve any job, and those incremental improvements can add up to major increases in job satisfaction.

A study from the Mayo Clinic found that physicians who spend about 20 percent of their time doing “work they find most meaningful are at dramatically lower risk for burnout.” But here’s what’s fascinating: Anything beyond that 20 percent has a marginal impact, as “spending 50 percent of your time in the most meaningful area is associated with similar rates of burnout as 20 percent.”

In other words: You don’t need to change everything about your job to see substantial benefits. A few changes here and there can be all you need.

Want more? You can read the rest of the piece here

Rewrite?

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Most of us who have written for a while know the inestimable value of a good editor. The challenge us, they sometimes infuriate us, but for me, they are mostly right.

I’ve been blessed with fabulous editors over the years who worked hard at the often herculean task of helping make my writing sing, not just sit there on the pages and muddle.

But I’ve always been challenged to articulate exactly WHAT these great editors have done, and let others into the tent to examine how they did what they did.

That’s why I was delighted to read Ruth Reichl’s recent piece where the Gourmet editor remembers editor Susan Kamil, who died last month.

The headline of the article is:  ‘I Think You Need to Rewrite It’: Ruth Reichl on What Makes an Editor Great. Here is how she begins:

Halfway through my last memoir, my editor, Susan Kamil, said, “Maybe you should just move on. This isn’t working.”

I threw the phone across the room. I’d been working on the book for a couple of years, sending drafts back and forth to Susan. “I’m sorry,” she continued, “it’s good, but if you’re not willing to go deeper, there’s just no point.”

Susan Kamil never let you off the hook.

When Susan died on September 8, there was an outpouring of grief from the entire publishing community. Susan was the most lovable person: enormously generous, endlessly kind, crazy for cats and great fun to be with. Always dressed in bluejeans and sneakers, she was one of the few women who was equally adored by both men and women. A gifted publisher, she was also a wonderful boss. But above all, Susan was an editor.

Susan didn’t just read your manuscript and offer suggestions; she became your collaborator, your partner. With Susan, a book was an ongoing conversation, and she filled every page of every manuscript with questions, suggestions, comments. The process never ended: She kept fretting over the words until the book went to press. She couldn’t help herself. In Susan’s mind a book was never really finished, and I suspect she found it impossible to read even the dustiest, most ancient tome without a pencil in her hand.

Want more? You can read the rest of the piece here

Tech and Defense

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I served in the U.S. military at a time when we were in a technological arms race with the Soviet Union. Back then, the Department of Defense was THE leader of technological development.

That is no longer the case. It is now widely recognized that large technology companies—represented most prominently by the so-called “FAANG Five” (Facebook, Apple, Amazon, Netflix and Alphabet’s Google)—are dominating the development of technology.

I work in a U.S. Navy laboratory where we work to harness these kind of technologies to put better tools in the hands of America’s service men and women. We recognize that it is not just hardware – planes, ships, tanks and the like – that will give our warfighters the edge – but the same kind of technologies – the software – that FAANG companies and others like them develop.

To understand where we are today and fashion a way ahead, it is worth looking at where we were “back in the day” when the Department of Defense led technology development.

That is why I was drawn to read a review of a recent book: THE CODE
Silicon Valley and the Remaking of America. Here is how the review begins:

By the early 1970s, Don Hoefler, a writer for Electronic News, was spending after-hours at his “field office” — a faux-Western tavern known as Walker’s Wagon Wheel, in Mountain View, Calif. In a town with few nightspots, this was the bar of choice for engineers from the growing number of electronic and semiconductor chip firms clustered nearby.

Hoefler had a knack for slogans, having worked as a corporate publicist. In a piece published in 1971, he christened the region — better known for its prune orchards, bland buildings and cookie-cutter subdivisions — “Silicon Valley.” The name stuck, Hoefler became a legend and the region became a metonym for the entire tech sector. Today its five largest companies have a market valuation greater than the economy of the United Kingdom.

How an otherwise unexceptional swath of suburbia came to rule the world is the central question animating “The Code,” Margaret O’Mara’s accessible yet sophisticated chronicle of Silicon Valley. An academic historian blessed with a journalist’s prose, O’Mara focuses less on the actual technology than on the people and policies that ensured its success.

She digs deep into the region’s past, highlighting the critical role of Stanford University. In the immediate postwar era, Fred Terman, an electrical engineer who became Stanford’s provost, remade the school in his own image. He elevated science and engineering disciplines, enabling the university to capture federal defense dollars that helped to fuel the Cold War.

Want more? You can read the full review here

Ordinary = Exceptional

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It’s fall, the season that, to some, is the most “ordinary” of the four. But for some of us,  it is the most memorable season, because things change in the most visible way.

That’s why I was drawn to Pico Iyer’s piece, “The Beauty of the Ordinary.” He looks at the seasons from the perspective of someone living in Japan. There, the seasons are looked upon with near-reverence – almost as a religion. Here is how he begins:

Falling in love is the easiest thing in the world. But staying in love, we all know, can be one of the hardest. How do we keep the glow, the sense of unending discovery, alive once we’ve pledged ourselves to familiarity? And how to sustain the sense of anticipation that deliciously quickened the honeymoon? Put differently, how might we be enchanted by discovery’s opposite — routine — and find in constancy a stimulation as rich as novelty provides? The story of every marriage, perhaps, is the story of what happens after the endless summer ends.

“To learn something new,” the wise explorer John Burroughs noted, “take the path that you took yesterday.” A knowing friend in New York sent me that line when he heard that I’d spent 26 years in the same anonymous suburb in western Japan, most of that time traveling no farther than my size 8 feet can carry me. I’d arrived in Kyoto, from Midtown Manhattan, just out of my 20s and alight with everything this wildly unfathomable place could teach me. I never dreamed that I’d come to find delight in everything that is everyday and seemingly without interest in my faraway neighborhood, nothing special.

Want more? You can read the full article here