Kevin L, Author at Kevin Low

The Value of Pessimism

I felt a bit vindicated to read in the Lexington column in The Economist‘s Christmas edition that two writers have decided to tackle ‘the American tendency towards mindless optimism’. Being a habitual pessimist it does feel good occasionally to read about people who are pessimists and stand up for their views instead of let themselves be bashed by optimists.

The two writers mock the optimists for being too positive and too dependant on positive thinking to help them in their lives, from defeating cancer to not gaining weight. I like that the example of the banking crisis was used to justify when one should listen to ‘the killjoys’ and stop letting the bubble inflate. Optimism apparently blinds sometimes, and this is where pessimism comes in. I like how one of the writers allude pessimism to ‘foul weather’ like thunderstorms: it might be dampening and depressing, but to some it refreshes and energises them. It can wake people up from their daydreams and their eternal sunshine (even though many people love thunderstorms because they can sleep comfortably through the cool weather).

But of course, there needs to be some optimism. Ultimately, Lexington argues that pessimism should be taken like a pinch of salt, just a pinch / ounce and not too much. For instance, one of the writers (a conservative) argues that mass immigration will not benefit America, but ultimately ‘America was built on the mass immigration of optimists’. I guess there needs to be a balanced dose of both sides.

On a side-note, reading The Economist makes me feel more and more pessimistic about the world… is it because of the coverage, or are world affairs really that gloomy and glum?

Xmas Economist

This boxer day came with reads as well, ERPZ decided not to rest on the day after Christmas so here’s your reads for this holiday weekend, almost all from The Economist’s latest double issue’s Christmas Specials.

We first have Arguing till Death, a lesson for America from history’s greatest Western Philosopher, Socrates’ life. I got introduced to Aristophanes’ The Clouds through the article and is pleasantly surprised by the sort of humour ancient Greeks were capable of.

Hi There discusses politeness and courtesy in the English Language and the effect of this spread of English Language on the world today. The other talks about the virtues and motivations of being a foreigner in the world today and on the same issue is an article, A Ponzi scheme that works that looks into the migrant society of America today and the allure of it.

For viewing pleasure, How to make a splash in social media by Alex Ohanian. It’ll only require about 4 plus minutes of your attention; a short time before you dash off to the next party. Ohanian really gives a strong message about how the Internet works and how you might be able to ride on it to help you with a cause, but like what he says in the end, ‘you are not going to be in control’.

Science Bits

White Gramophone — Blasting out in 60, 59, 58...

It’s Christmas today and I have no Christmas gifts for my readers besides a new discovery. Scientific American offers a great podcast series called ’60-Seconds Science’. It offers bits of scientific discoveries from recent research within 60 seconds; the information is smaller than bite size and definitely don’t require much chewing, which makes it perfect for anyone tuning in to look for an anecdote for a speech or introduction for an article.

‘If Time flew, you had fun’ is a pretty interesting one and the same can be said for Caffeine Merely Masks Alcohol’s Effect. The narrator delivers their science bits in the most entertaining way for something so academic. For people who fancy social sciences and the less technical areas of science, the podcast is a wonderful window to the science mankind is engaging in today.

For other intelligent content delivered in 60 seconds, check out 60-second Psych and 60-second Earth. Who knows, you might just pick up some bits of interesting facts to start a conversation with a stranger.

Happy Holidays!

Christmas is just a couple of minutes away and I’m here wishing all readers a Merry Christmas and Happy New Year on behalf of all of ERPZ. Give yourself a good treat and take a break by hunting for a good book to read. Borders is going to hold a great sale this weekend after Christmas – so head down there after partying to hunt for a gift for yourself.

Leadership Review

ERPZ explores quite a lot of stuff; from matters about studying smart to the huge issues surrounding economics and the environment. This are the efforts to cover what students need to learn about and know (true to our objective of ‘Educating students about being students’), but we seem to have missed out something really important in today’s world and that’s “Leadership”.

I started out reading a recent issue of Fortune Magazine, which featured an article on How to build great leaders, uncovering the different MNCs methods of identifying and grooming leaders for their organzation. A second article on leadership discusses the leadership during a crisis or recession. Talent on Tap, an article from The Economist talks about the increasing trend of getting temporary big bosses to sit in the autonomous firms and thus helping to tide the firm over a crisis or avert one.

Finally, an article from Knowledge @ SMU discusses the implication for leadership in individuals with different degree of self-monitoring. They suggested how high self-monitor individuals stand out as informal leaders although the low self-monitors are the ones who ends up in position of authority. I like to think that high self-monitors are suitable for ad-hoc leadership roles or to lead during special circumstances, perhaps why firms need temp bosses. In long run, during ordinary day to day management and leadership, the consistency of low self-monitors probably stand out and will become more important. If you’re interested to find out whether you score high on the self-monitoring scale, you can check out this test.

Progress or regress?

An article from The Economist‘s Christmas special edition examines the idea of progress of humanity, especially in the past century and this. I had problems reading this initially as it feels rather heavy on philosophy, but in essence I gather that in terms of health and economic growth we have made tremendous progress, but in terms of our humanity our progress is questionable.

It even raises the possibility that the concept of progress could be misguided or abused. Take, as mentioned in the article, how Hitler used ‘progress’ and subsumed it into ‘the shared destiny of a (German) nation’. All the more reason to question what progress is. So what exactly constitutes progress?

It seems like to be able to determine whether we have really ‘progressed’, we need to examine different parameters, such as in terms of science, in terms of material wealth… I never found progress this difficult to define until I encountered this article. I examine and read this from a very layman and not from a philosophical point of view, so pardon me if I appear naive or ill-informed.

Corporate Responsibility

Corporate Social Responsibility — More ideas to have more trees

While we tinker with the idea that governments and politics are important sources of forces for the good when it comes to climate, corporations are already doing loads in the real world with the advent of Corporate Social Responsibility.

To be frank, CSR can sometimes be make-up for the company’s public face but there are still substantial number of firms who are doing real big good stuff and tackling different aspects of social costs the company might have inflicted on the society. Knowledge @ Wharton introduces the CSR moves of Campbell, which covers not only environmental actions but also social programmes (mostly to do with employees).

The Economist thinks little of CSR but highlights the ordinary good that firms and companies does by just doing their own stuff (manufacturing, marketting, improving, innovating). The newspaper argues that business people should probably trumpet these achievements of fostering innovation, cooperation between groups and individuals across the globe besides being so engrossed with CSR.

Sometimes I guess if you look on the bright side, everyone is probably doing good through being selfish – the central idea of economics.

Tiger Trouble

Tiger Woods look like he’s really in deep trouble; James Surowiecki traces the reason how Tiger Woods’ image is going down with the scandals and gave a thorough analysis on how the image of these celebrity figures are tied to products and firms they endorse or act as the public face for.

He even did a follow-up on his New Yorker blog to highlight the trouble Woods got into with the different firms and brands linked to him. He decided that Woods’ image is quite wrecked for the professional sponsorships from non-golf related stuff would probably cut back quite substantially.

John Cassidy did another analysis of what went wrong for Tiger Woods in the entire episode and explains why Tiger Woods need to get back into Professional golfing fast – assuming he’s able to maintain his focus and discipline.

Meaningful, I’m not so sure

Key states have announced what they call a “meaningful” agreement at the Copenhagen Climate Summit to tackle climate change. The agreement between the US, China, Brazil, India and South Africa would set a mitigation target to limit warming to no more than 2C and, importantly, to take action to meet this objective.

The five-nation brokered deal promised to deliver $30bn of aid for developing nations over the next three years, and outlined a goal of providing $100 billion a year by 2020 to help poor countries cope with the impacts of climate change. The agreement also included a method for verifying industrialised nations’ reduction of emissions. The US had insisted that China dropped its resistance to this measure.

However, it seems that only the US and China are supposedly “happy” from a meeting which seemingly had a “positive result”, or rather, what I term as a poor return from the 2 weeks worth of discussion.

In the face of a globalized world and the many challenges that we face, what the US and China put forth together seemingly only benefits them. For instance, nothing is done about limiting carbon emissions and on a legally binding treaty, something which sort of “liberalizes” the major powers in the form of US, China and India. With US out of Kyoto and the lack of a legally binding contract, China and India can be said to be free to do whatever they want, with all three nations insisting that national sovereignty comes first.

Now, I’m not saying national sovereignty should be ignored, but as we attempt to tackle a problem that we should have been engaged in long ago, we realize that the Copenhagen Accord, as Jo Leinen, chairman of the European Parliament’s environment committee described, is a completely “disappointment and below our expectations”.

Selfish interests of the global powers dominated the discussion table in Copenhagen, while the rest of the world are let down by their inability to co-operate and come up with a more radical approach to the problem. Yes, this is progress from what has come before, a necessity, but whether it will truly solve the problem, no. The roots of the problem ultimately lie in the countries’ inability to break out of their shell – their inability to come to a solid-enough compromise, and their covert belief that the economy should come first. This inability to commit to this cause from the US, China and India seemingly portrays them in a green limelight.

Progress has been made, yes, but it’s no longer about the ability to make progress, that almost didn’t happen, but rather, how fast we can reach humanity’s goal.

The clock is ticking.

Copenhagen, Hopenhagen, Nopenhagen

It saddens me to read in The Straits Times that at the end of the whole Copenhagen COP15 summit, the only statement issued was just a whimper, a short simple declaration that does not commit anything very much promising. The US$30b fund is an improvement that I found encouraging, but otherwise all the wrangling and politicking was disgusting and disappointing.

As an environmentalist, I guess I always had greater expectations about COP15 and what governments should be doing. But even as my expectations were lowered by the day as I tracked the summit through the newspapers, I am still disappointed that there will not be real leadership and guts to tackle climate change. Reading The Economist, in particular, seems to increase that pessimism. Local politics ultimately rules the day, and sadly local politics are heavily influenced by lobby groups like the oil industry, as well as naysayers who do not believe in the concept of climate change.

It does not help matters that recently there were <a href="leaked emails of data collected on climate science being ‘massaged’. It only proves the skeptics and naysayers that climate change is an agenda usurped by those against capitalism and the Western world, against development and industrialisation. It was already difficult to convince people, or to convince even ourselves, that the economy would not be affected by measures to fight climate change. This ‘Climategate’ might only sour perceptions about environmentalists, environmental scientists and those who support the climate change notion as rogues who are trying to stop the world from getting wealthier.

Very hard to feel very optimistic. I visited the Hopenhagen website, and on its index page it asks for input from visitors to its website for what hopes the visitors have for the environment / climate and what is it that keeps them optimistic. I could not think of anything positive to write about, knowing that the legal, political and economic hurdles were so huge. I closed the website window without typing anything.

So tell me, what keeps you optimistic about resolving climate change?