May 2023 in Review

Most frightening and/or depressing story: There are more “nuclear capable states” than I thought.

Most hopeful story: The U.S. Congress is ponying up $31 billion to give Houston a chance at a future. Many more coastal cities will need to be protected from sea level rise and intensifying storms. Now we will see if the U.S. can do coastal protection right (just ask the Dutch or Danish, no need to reinvent anything), and how many of the coastal cities it will get to before it is too late.

Most interesting story, that was not particularly frightening or hopeful, or perhaps was a mixture of both: Peter Turchin’s new book proposes four indicators presaging political instability: “stagnating or declining real wages, a growing gap between rich and poor, overproduction of young graduates with advanced degrees, declining public trust, and exploding public debt“. I found myself puzzled by the “overproduction of young graduates” part, and actually had a brief email exchange with Peter Turchin himself, which I very much appreciated! Anyway, he said the problem is not education per se but “credentialism”. I have to think some more about this, but I suppose the idea is that education, like health, wealth, and almost everything else, is not equally distributed but is being horded by a particular class which is not contributing its fair. These are my words, not Peters, and he might or might not agree with my characterization here.

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