American Bonds: How Credit Markets Shaped a Nation (book review)

“credit” is P.C. for “lending money”

 

 

Book review:

American Bonds:

How Credit Markets Shaped a Nation

 

by Sarah L. Quinn

Princeton, NJ: Princeton University Press, 2019

288 pages

 

Quinn writes plain academic prose, and she has a lot to say.

“Credit” is a very polite way of saying “lending money,” which is a very polite way of describing what is elsewhere called “usury.”

It’s no surprise that lending money has been part of the social, economic, and political landscapes since money was invented, and certainly credit markets have always existed in America since colonial times.

American Bonds is a deeply engrossing text (it’s not a casual read) about how folks with money and businesses and the government have used credit availability for personal, corporate, and policy advantages. Credit has always been part of the American story.

You might try reading it a chapter at a time.

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Book review. Copyright © Richard Carl Subber 2024 All rights reserved.

 

Home Team: Poems About Baseball (book review)

Edwin Romond hits another homer…

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My first name was rain: A dreamery of poems with 53 free verse and haiku poems,
and the rest of my poetry books are for sale on Amazon (paperback and Kindle)
and free in Kindle Unlimited, search Amazon for “Richard Carl Subber”

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Foragers, Farmers, and Fossil Fuels…book review

Foragers, Farmers, and Fossil Fuels…book review

energy is the bottom line…

 

 

Book review:

Foragers, Farmers, and Fossil Fuels:

How Human Values Evolve

 

by Ian Morris

Princeton, NJ: Princeton University Press, 2015

Contributors:

Richard Seaford

Jonathan D. Spence

Christine M. Korsgaard

Margaret Atwood

369 pages

 

Ian Morris says right up front that not everyone thinks he’s got it exactly right, but his story is an eye opener: how are human values and moral norms related to how human beings use energy?

Human beings need energy to survive, and obviously we need sources of energy.

The first human-like hunter-gatherers used energy that they could kill or pick up, and the first farmers planted their energy sources and domesticated a few animals, and now we depend (fatally?) on fossil fuel energy to live our lives.

Morris explains (attributes causes for) the different ways of “capturing” energy that are connected to how we feel about ourselves and how we deal with others.

If you think you’re satisfied with what you know about your code of values and the “do unto others…” stuff, then read Foragers, Farmers, and Fossil Fuels and learn some actual new stuff.

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Book review. Copyright © Richard Carl Subber 2024 All rights reserved.

 

Book review: The Map of Knowledge

it’s a slo-mo version of Fahrenheit 451

by Violet Moller

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My first name was rain: A dreamery of poems with 52 free verse and haiku poems,
and the rest of my poetry books are for sale on Amazon (paperback and Kindle)
and free in Kindle Unlimited, search Amazon for “Richard Carl Subber”

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Twilight of the Elites…book review

Twilight of the Elites…book review

the American crisis…

 

 

Book review:

Twilight of the Elites: America After Meritocracy

 

by Christopher Hayes

New York: Crown Publishers, 2012

292 pages

 

Twilight of the Elites is a frightening assessment of our culture, our government—our civitas.

“We are in the midst of a broad and devastating crisis of authority” (p. 13). You bet we are—and Hayes was writing before Trump was even a speck in your eye.

Americans embrace the American Dream, the Horatio Alger thing, that is, meritocracy: the acceptance and endorsement of the goodness of the idea that we should help ourselves to prosper and be successful, and that those among us with the greatest talent and strength and ambition should enjoy greater prosperity and greater success. It is an article of faith among most Americans that the cream will rise to the top, and deservedly so. Honest hard work will and should be rewarded. One of Hayes’ definitions of a benign meritocracy is “the aristocracy of talent.”

An obvious characteristic of meritocracy, of course, is inequality. “It is precisely our collective embrace of inequality that has produced a cohort of socially distant, blinkered, and self-dealing elites. It is those same elites who have been responsible for the cascade of institutional failure that has produced the crisis of authority through which we are now living…the consistent theme that unites [these failures] is elite malfeasance and elite corruption” (pp. 22-23). This acceptance of the meritocracy mythology “allows everyone to imagine the possibility of deliverance [from unfavorable circumstances], to readily conjure the image of a lavish and wildly successful future” (p. 47).

Hayes points out, however, that “a deep recognition of the slow death of the meritocratic dream underlies the decline of trust in public institutions and the crisis of authority in which we are now mired. Since people cannot bring themselves to disbelieve in the central premise of the American dream, they focus their ire and skepticism instead on the broken institutions it has formed” (p. 63). There is ample attention to the dreadful failure of the media, among other institutions, to sustain our communal understanding and respect for facts and the truth.

A suggestion about one possible agent of positive change identifies a “radicalized upper middle class” that bridges the liberal-conservative division, and forces accountability on our institutions of government, justice, education and finance. Hayes imagines “a crisis…necessary upheaval and social transformation,” and acknowledges the obvious: those with power never want to give it up.

Twilight reminds us that the ultra-wealthy, ultra-powerful 1% will hang on to what they’ve got—and keep trying to get more—until their reality changes.

Hayes tells many truths about the devastation that wracks American culture and most Americans, because the myth of the American dream is enabling a tiny elite to amass wealth and power, and use both to corrupt our society.

Americans must accept the frightening hardships

of a sincere commitment to change things.

Let’s get started.

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Book review. Copyright © Richard Carl Subber 2024 All rights reserved.

 

Book review: Tales from Shakespeare

summaries by Charles and Mary Lamb…

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Seeing far: Selected poems with 47 free verse and haiku poems,
and the rest of my poetry books are for sale on Amazon (paperback and Kindle)
and free in Kindle Unlimited, search Amazon for “Richard Carl Subber”

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Eye of the Needle…desperate but human…movie review

Eye of the Needle…desperate but human…movie review

more than a war story….

 

Movie review:

Eye of the Needle

 

Good vs. evil is the undercurrent of Eye of the Needle (1981, rated R, 112 minutes) but the drama is in the living and the dying of the fully believable characters: Donald Sutherland as the WWII German spy—“die Nadel”—and Kate Nelligan as Lucy, who becomes his nemesis.

A worldly viewer can easily guess the ending of this movie, so it’s not really a spoiler to say that Sutherland, the brutal German spy, has the Allies’ Normandy invasion plans and is trying to get them to Germany when he is shipwrecked on a remote island off Scotland. Lucy, a patriotic English woman who is the wife of a sheep farmer on the island, falls in love with die Nadel before she figures out what he is and kills him.

Die Nadel is desperate, but human. Lucy is lonely, but ultimately she rages to do the right thing. The brief seduction scene is a lover’s delight (brief nudity). The awkward interaction of the two reluctant lovers is credible. The violence is matter-of-fact and vicious.

Eye of the Needle works as a war story, a spy story, and a love story. It won’t put you to sleep.

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Movie review. Copyright © Richard Carl Subber 2024 All rights reserved.

 

Book review: An Empire Divided

King George and his ministers

wanted the Caribbean sugar islands

more than they wanted the 13 colonies…

by Andrew Jackson O’Shaughnessy

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In other words: Poems for your eyes and ears with 64 free verse and haiku poems,
and the rest of my poetry books are for sale on Amazon (paperback and Kindle)
and free in Kindle Unlimited, search Amazon for “Richard Carl Subber”

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The Diary of a Lady of Gettysburg, Pennsylvania…book review

The Diary of a Lady of Gettysburg, Pennsylvania…book review

strange men are shooting…

 

 

Book review:

The Diary of a Lady of Gettysburg, Pennsylvania

From June 15 to July 15, 1863

 

by Pennsylvania Lady of Gettysburg

Ithaca, NY: The Cornell University Library Digital Collections, 2023

29 pages

 

There is not much fireworks in The Diary of a Lady of Gettysburg, Pennsylvania.

Rather, this largely muted account of a civilian lady in Gettysburg during the famous battle is a compelling tribute to the civilians and combatants who unhappily endured the terrible fighting and killing that could have effectively ended the American Civil War, but didn’t.

A devastating insight into the civilians’ prolonged stress and suffering is this: during most of the battle, they really didn’t know very much about what was going on. The civilians who stayed in the town (most of them) repeatedly hunkered down in their cellars and waited until the artillery bombardments ceased. The civilians repeatedly talked with both Union and Confederate soldiers who were in or moving through the town. The civilians, in the main, tried to care for the wounded men of both sides who happened to be nearby.

The battle of Gettysburg was terrifying for the civilian residents of the town, and, luckily for them, it didn’t last too long.

Try to imagine hiding in your house for four or five days, desperately wondering what’s going on, while strange men are walking and running through the streets, shooting at everything, and cannon balls are hitting buildings every so often.

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Book review. Copyright © Richard Carl Subber 2023 All rights reserved.

 

Book review: The Sea Runners

…it informs, but it does not soar…

by Ivan Doig

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In other words: Poems for your eyes and ears with 64 free verse and haiku poems,
and the rest of my poetry books are for sale on Amazon (paperback and Kindle)
and free in Kindle Unlimited, search Amazon for “Richard Carl Subber”

 

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Goodbye, Darkness: A Memoir of the Pacific War…book review

Goodbye, Darkness: A Memoir of the Pacific War…book review

a nightmare in slow motion

 

 

Book review:

Goodbye, Darkness: A Memoir of the Pacific War

 

by William Manchester (1922-2004)

Boston: Little, Brown and Company, 1980

401 pages

 

Manchester’s quietly passionate memories of being a young Marine fighting in the Pacific theater in World War II are terrible to behold.

In Goodbye, Darkness he tells all of his story: the good, the bad, and the really hard to read parts.

Reading Goodbye, Darkness means watching another man’s nightmare in slow motion.

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Book review. Copyright © Richard Carl Subber 2023 All rights reserved.

 

Book review: An Empire on the Edge

by Nick Bunker

Of course the British really wanted to win

       the Revolutionary War,

    but they had good reasons

        for not trying too hard…

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As with another eye: Poems of exactitude with 55 free verse and haiku poems,
and the rest of my poetry books are for sale on Amazon (paperback and Kindle)
and free in Kindle Unlimited, search Amazon for “Richard Carl Subber”

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