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John D Rockefeller Saved The Whales

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I watched Bp Barron's Sunday homily yesterday, in which, beyond discussing the reading from Johah himself, he urged listeners to go to Fr Mapples's sermon from the 1955 film of Moby Dick on YouTube. I've embedded it above. I would have embedded the whole film as well, but YouTube won't let me, as it's age-restricted. (There are gruesome scenes of actual whales being killed, which probably carry out Melville's purpose more than that of the Hollywood version.) The actor portraying Fr Mapples is Orson Welles, by the way. I had been thinking about Moby Dick anyhow. I think I've read it five times, once as an undergraduate, once in grad school, and three times since then. I'd set it aside for some time, as I'd begun to have my doubts about how serious Melville actually was as a writer. (Joseph Conrad annotated a copy of Moby Dick and thought little of it.) On the other hand, I've had almost ten years of Catholic Bible study, and this has made ...

The Narrative Has Shifted, But Nothing's Changed

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A press release from the LA County health department on Friday read, in part: Key COVID-19 Indicators Trending in the Right Direction in L.A. County New cases are considerably lower this week, with a decrease of 30 percent in the seven-day average of daily cases from last week. The test positivity rate has also dropped to 12.7 percent. On January 1st, the test positivity rate was 20.8 percent; this is a reduction of 39 percent in three weeks. On November 1st, just before our surge began, the County’s test positivity rate was 3.8 percent. Nevertheless, While we have come a long way this week with community transmission, we have a long road to go and must continue to practice infectious control measures: wear a face covering and maintain physical distance when out of your home. blah blah blah. What stands out for me is that while there's now lots of happy talk, there's no indication of any prospective change in the most draconian lockdowns we have in much of the...

The Abolition Of Women

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Yeesterday I brought up one cause of the 1980s day care Satanism panic, the underlying social tension resulting from wives and mothers working outside the home. This is actually one factor in the amorphous populist rebellion represented by Trumpism, the fact that middle-class incomes have been stagnant since the 1970s. The economic need for two-income households has been a direct result, and one source of Trump's support was his advocacy of policies that would raise middle-class incomes. In fact, I recall a Wall Street Journal editorial in the 1970s recognizing the issue in a backhanded way, patting the US economy on the back for its ability to grow at all, given the numbers of women it had sudddely had to absorb into the workforce. But was this because women suddenly chose en masse to take outside jobs, or because they had to? And if the latter, why? The Journal didn't go into this, and given its contemporary never-Trump posture, will not now. Women entering the job mar...

East Of Eden And The Annus Horribilis

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As an Aristotelian, as I've said here, my job is to look for causes. The project I don't seem able to put down for the time being is to look for the causes of 2020, one of the chief features of which was the COVID crisis and what I think is an associated moral panic, which appears to me to far outwigh the actual medical issues of the disease. The last clear moral panic, as far as I can see, was the Day Care Satanism panic of the 1980s, most clearly exemplified by the McMartin Preschool case in the Los Angeles area. I was prompted by an offhand remark in a recent TV special on the case that moral panics reflect underlying social tensions, and in that case, the real issue was changes in family life and child care caused by wives and mothers working outside the home. (Although this had become acceptable following World War II, it wasn't until the stagflation and fuel crises of the 1970s that it became economically much more essential.) Then, for reasons I can'...

Marty Lagina: Smart Rich Guy

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Yesterday, I twlked about s really dumb multibillionaire, Jack Dorsey. Today I want to talk about Marty Lagina, who so far doesn't seem to be a multibillionaire, but he's a much smarter rich guy nevertheless. Lagina, who is the senior figure on the Curse of Oak Island show, is in effect a star, but it's pretty well implied that he also approves the project plans and signs the checks. The publicly available estimate of his net worth is $100 million, altough he didn't make this money off TV appearances. It looks like he got rich on fracking in the 1990s, which was smart, . But according to the link, His company Terra Energy was a pioneer in extracting natural gas from shale around the mid-west in the 1990s. Marty eventually sold Terra Energy to a company called CMS Energy for $58 million. He then launched a new company called Heritage Sustainable to focus on wind power. Heritage is currently planning to build 60 wind turbines in Missaukee, Michigan. That will mak...

Cracks In The Facade

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Ferdinand Lundberg said that industrialist families tend to work in combination, and I would say that's generally true, but Lundberg at the time he published The Rich and the Super-Rich in 1968 was still living in a culture dominated by the post-Civil War robber barons' desendants. The major industries of the late 19th and early 20th centuries, lumber, mining, steel, railroads, oil, and automobiles were still staples of the economy, with air transport on the rise. Computers still used punch cards. One of Lundberg's main theses, in fact, was that more recent fortunes made from the 1920s onward were mostly hype, and few new industrialists of the 1950s and 60s started from scratch -- their opportunities arose because their families were already wealthy, and a closer look would show that modern fortunes were often smoke and mirrors. This was before the rise of authentic new multibillionaires like Warren Buffett, Steve Jobs, and Bill Gates. While the super-rich do often w...

Parler, Bezos, Dorsey, Zuckerberg, And The Rich And The Super-Rich

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I've said here before that Ferdinand Lundberg's The Rich and the Super-Rich: A Study in the Power of Money Today is one of the most important literary works of the 20th century if considered in the same genre as Milton's prose or Solzhenitsyn's Gulag Archipelago. (It's available in pdf here. ) Lundberg's thesis was that US politics are dominated by an exclusive combine of wealthy families who manage centers of corporate and social power in the Fortune 500, the Ivy League, foundations, the federal govenment, and other institutions. I think he would have found no surprises in the saga of Parler, the social media upstart, over the past week. According to the Wall Street Journal, In a complaint filed Monday in Seattle federal court, Parler alleged that Amazon Web Services kicked the company off its cloud servers for political and anti-competitive reasons. The conservative social network founded in 2018 exploded in popularity among supporters of Preside...