Daily Archives: November 13, 2014

Dealing with an iPad saying “iCloud Backup This iPad hasnt been backed up in 5 weeks”

If you get a message on you iPad saying “iCloud Backup   This iPad hasn’t been backed up in 5 weeks”, then doing what that link says might help. Try it first.

If it doesn’t — and it didn’t for me — try this. I connected my iPad to my computer. I started iTunes. I did a backup to iCloud. I then did a restore from iCloud. The problem went away.

P.S. Thanks for reading this. If you have found it useful and you’d like to say thanks by buying me a coffee, you can do so here. Thanks! That’s awesome!

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My marginalia from my copy of Piketty’s capital

My previous post was a guide to reading Piketty’s Capital. As I was going through it, I also jotted down some rough notes on the book and things I thought as I was going along. My marginalia, so to speak. Here it is, for what it’s worth to you:

  • Piketty’s book irked people for a number of reasons, including me initially. One reason, I think has to do with the grandness of his book. First, there’s the title. It implies this is a follow on to the great text by Marx. Second he does things like state fundamental laws of capitalism, as if economics were physics and Piketty is the 21st century Einstein. While Piketty can seem grand at time, he’s also humble in other parts. Throughout the book he often confesses to the limits of his approach based on the data (or lack of data) he has. He still has a lot of data and he has done a lot of analysis, but he is aware of the limits of it. This humility helped me get over the parts that irked me.
  • For non-economists like me, I think the book is most enjoyable when Piketty relates economic theory with example in literature and history. His references to Austen and Balzac make his ideas less abstract and make them richer. Fortunately, he does this often.
  • Some American critics would have you believe that Piketty is anti-capitalist / pro-socialist. I didn’t see that. I’d say Piketty is for open markets, strong on education, and democratic.  From an American point of view, he may seem left wing, but to most of the developed world I would place him closer to the center, slightly left.
  • One thing Piketty’s analysis can’t or doesn’t take into account is the exponential change in everything starting at the end of the 19th century. He touches on it a bit (pop growth rates on page 80), but this is factor. I believe that there is a correlation between growth rates and birth rates, with growth rates lagging birth rates. But this is a belief I have: I don’t have the ability to show this.
  • I was surprised by how limited economic growth is. (Chart on page 94). As Piketty mentions, people think it should be in the 3-4% range, but is much more likely to hover around the 1% range. Yet even such growth rates have a huge impact over decades and centuries.
  • Indirectly, Piketty makes the case for Naomi Klein’s thesis on disaster capitalism.  The biggest opportunities for growth in the 20th century occur as a result of the World Wars. Take a look at the charts on page 97 to see what I mean. Wars are terrible for people and cities but good for economic growth.
  • As I was reading the book in the summer, there were a slew of critics writing Think Pieces (or tweets!) against him and his book. The most ridiculous arguments against Piketty are the shallow ones, of course: the ones based on the book title, or that he is French, or that the book is all about new taxes. These arguments, mainly from American writers, reflect a lack of thought and the biases of Americans more than anything else. Critics of Piketty who write small articles on his book, criticizing this point or that, are missing the much bigger picture. Piketty, in presenting all of this data and analysis, is providing a broad stage to discuss capitalism. I think anyone wanting to take him on really has to do the same level of work. That’s the thing. Cherry picking is useless. Yes, it would be good to have more data. But this is the data available. If you want to criticize Piketty, you need more data, or you need to critique his data. If you want to show how technology is making inequality less not more, bring that data. Saying “Piketty is a red” or “this is not 19th century range” and thinking you are done just makes you look foolish and your arguments weak. (Of course you can believe what you like, but belief is not argument.)
  • Another thing he doesn’t touch on is the destructive nature of IT on capital. Being an IT professional, I was wondering if he would examine capital in the 21st century from that perspective, since IT is having a greater and greater effect on our economies, and as more things become digital, the depreciation of capital related to those things accelerates. If you’d like to read more on that topic, you won’t find it here.
  • It is interesting to note the stability of capitalism in the 19th century, at least in Europe. It was a conservative time politically, with limited warfare. Currency and other things economic were also stable then. No point here, just something that struck me as interesting.
  • I believe that an accumulation of capital leads to anti-democratic measures by capitalists that result in revolutions or wars, which lead to the destruction of private capital. Piketty doesn’t go into this, but it would be interesting to read an analysis that shows a relationship between the accumulation of capital and the advent of wars and revolutions.
  • I found this fact fascinating: after the Napoleonic wars and World War 2, Britain’s public debt was 200% of the GDP. 200%! I found this fascinating, first because there is a lot of worry now about the wealthiest nations having their public debt going over 100% of their GDP. Yet Britain’s was much much higher in those two cases. How did they reduced that debt and bring the percentage down from 200% to a much smaller number (as seen in the book)? Inflation. It was done over a very long period of time, but it is proof that high debt can be brought down and that it isn’t irreversible.
  • Reading the section on slaves and capital made me think many things, including the idea that capital based on anti-democratic or inhumane means is precarious — think of capital that pollutes or depends on the deprivation of otherwise rights….it is unstable capital — and that capitalists and not just socialists should argue for an economic society based on democracy and human rights.
  • One thing Piketty does well is whenever possible he links data from the US and Sweden because they are both relative outliers to the UK, France and Germany. It also highlighted to me how much the US lags (or leads, depending on your viewpoint) much of the developed world.
  • Piketty is big on education. If anything, I think he gives it too much weight. People from better schools stay wealthy not just because of what they learn but who they connect with in such schools. (Maybe it is different in France, but I doubt it.) Establishment schools are smart enough to let new blood in but they are far from meritocracies. To me, Piketty seems to have a blind spot when it comes to academia that he doesn’t show elsewhere when talking about inheritance or super-managers.
  • Piketty makes the case that taxes are better than debt. I made this note: “The concern for progressives is that capitalists will drive down both taxes and debt by abusing social programs.” But I don’t know why! 🙂 Ah well…it was likely a good thought at the time of reading it.
  • Piketty talks at the end about the contradiction of capitalism is r > g. My belief is that this formula should be more complicated and that when you add a time factor in there and some other dependencies, you see have a better model and formula (or formulae) on how capitalism corrects itself, either through war, or revolution, or other drastic social change. But this is just another belief I have.

As you are reading it, you will likely have your own notes and marginalia. Let me know what you think.

My modest guide to Piketty’s Capitalism and how to read it (all the way to the end)

 

You are looking at buying Piketty’s Capitalism, or maybe you already bought it, but you are daunted by it. Having read it, I can say it is daunting in parts, but it is also great. I highly recommend you get it and read it from front to back. Some of you will have no problem with that. For the rest, I put together this modest guide on how best to read it and finish it and not get bogged down and put it aside.

Here goes.

The introduction is an easy read. If anything, it is highly approachable. Piketty is a good writer, and he does a number of things to make it easy to read. (For example, he brings in a lot of literary references. He also does not assume you are an economist.) For the first 100 pages I thought: why is everyone having difficulty with this book….it’s fun! (Mind you, I am interested in economics, but still….) What I’d say is that this introduction is a good introduction not only to the book but the field of economics in general. Don’t be fooled though: the rest of the book is not as easy to read.

Of the book’s four sections, the first and last are the most approachable for non-economists. Emergency tip: if you are getting bogged down in the middle of the book, feel free to skip to the last section. Reading the first and last section is still rewarding, and you can read the last section without reading the middle. (Not ideal, of course, but better than skipping the last section all together).

That said, there are great passages in the middle, and there are some slow sections in the front and back. (Don’t entirely skip the middle, and likewise, don’t be thrown off by some harder parts in the front or back.) Here’s some examples of what I mean:

While non-economists might want to skip over it, I found his history of data collection — around page 55 — interesting. He is following in the footsteps of some of these other figures in the field of economics while also showing the limits of what analysis can be done, given the lack of data. I think this is an important thing to read if you read his critics. Piketty is aware of the limits of his analysis: something you would not think by reading his critics like I have. It’s good to know this. Also, this supports the case that Piketty makes later in section 4 on why a global capital tax would not just be good for states and a check on capitalism, but also as a way of improving the field of economics. Try to read this part.

Generally, the sections of the book on growth, income and capital are interesting infor the long term perspective they give. I found those worthwhile.

The second section is a good take on how capital has changed over the centuries. If you are going to think about capital and capitalism, it’s worth reading the second section on this history. There were radical changes in capital from the 18th century to the 20th, as capital went from being largely agricultural land or largely housing. In the United States another big capital shift occurred as human capital in the form of slaves rightly disappeared after the American civil war. So, I liked this section: it got me thinking about capital in ways I hadn’t before.

I highly recommend you don’t skim the part on the relationship between slavery and capitalism in around page 158. The value of slaves as part of the overall wealth of the US south is incredible, and the effect the Civil War would have on rightly destroying such capital was significant. You can rightly argue that slaves are human beings and not capital, but from the point of view of the slave owner, they were as much capital as machinery or barns or land. A thought provoking section, I found.

Of the middle section, make sure you read page 166 where Piketty introduces his law of capitalism. Piketty’s laws are a key part of the book. Also at the beginning of page 237 the book moves away from the data to talk about inequality and there is more approachable analysis. For example, around this point of the book, Piketty provides a good analysis of labor vs capital, class, and an insightful review of inequality. In particular his analysis around super managers and super salaries is really good and highly relevant in our times. (I think it also got up the nose of some Silicon Valley types, which I found fascinating.)

Make sure you read the section of the book on inequality: I found it to be one of the better parts of the book.

Overall, beware of section two. In this section, Piketty looks at capital in various parts of the world. If you are an economist, then  you really want to focus on this section, because he is making a case for his central idea. However, for a general reader, you might become fatigued in the middle of this part as it tends to feel repetitive. By the way, I think this repetitiveness is really supportive of Piketty’s point. He can argue: hey! look there is a consistency here we can make some conclusions about. If you already support his point, skim away.

If you are skimming madly in the middle, slow down as you get to page 400.
I took a lot more notes towards the end of the book (in the 400s) and I thought this section readable and interesting. For example, in the 400s, Piketty deals with merit. I believe a lot of critics don’t like the book because of how Piketty places limits on virtues of merit and hard work. Piketty argues you can work hard to get rich but someone with a lot of capital can get as rich or much richer with little if any effort. He goes on to show that capitalism is structured such that the rich will…well, get richer. Which means that proportionally the poor get poor. You may believe the rich get richer: here’s the argument as why in a capitalism society that happens.

The other thing I like about the 400s is that Piketty bring in literary examples again. He does that in the first section, and he does it again here, and I found whenever he does this, the book becomes livelier and more interesting.

Still reading? At the last section? Good! In the last section, Piketty focuses on the importance of regulating capital. Now, I am skeptical of what he recommends, even though it is hardly revolutionary (literally or figuratively). Maybe it will happen in the 22nd century. I am willing to believe it will happen, thought. After all, progressive income tax is a fairly new thing, and taxes themselves will continue to evolve, just like they have for centuries. Likewise, freer trade has increased dramatically in the 20th century, and other taxes like VAT taxes have made a big impact. Perhaps a global tax would not be impossible. That said, you should read the last section, because to not do so would be to miss out on a key point of the book.

Ok, that’s my modest guide to reading Piketty’s Capital. Did I convince you to give it a try? Great! Give it a go! If you can avoid the pitfalls in the middle, you’ll find yourself cruising towards the end and find you are done sooner than you think. Book completion aside, when you finish Piketty’s Capital you’ll have a much better understanding of capital in the 21st and capitalism in general. I think this important, because even if you don’t want to think about capitalism, capitalism affects us all. Knowing more about it, knowing how to think about it, and having ideas on how to change it are valuable.

Good luck!

The subversive genius that is Cracked.com

The team at cracked.com have a tested formula: take some good advice  and practically bury it in humour to get a piece that has you laughing at first but thinking later. It is a very subversive way to get people thinking on a site you wouldn’t expect to be doing so.

I first started reading cracked.com for the laughs, but afterwards thought: hey, they have a really great piece of guidance there. Here are two pieces from many good ones on the site:

There are lots of sites on the Web giving advice (including this one). Cracked does it in a way that is better than most. Worth checking out.

If you are having problems charging your fitbit flex, consider this fix

If you plug your fitbit into your charging cable and then into your computer, lights should start pulsing.  (See here for details.) If they don’t start pulsing, then your fitbit will not take the charge. How can you fix this?

Take a look at the three very small circles at the bottom of your fitbit. They should be a shiny copper colour if they are clean, and they need to be clean in order to take the charge. Ideally they should always stay clean, but it is easy for them to get dirty since they are so close to your skin.

To clean them, you need a very gentle abrasive to clean them. What worked for me was taking the end of a paper clip and very gently scraping the circle until I could see the shiny copper again. Then I plugged it back into the charging cable that was attached to my computer and the lights started pulsing.

Note! If you are the least bit concerned about breaking your fitbit by doing this, then do not do this. Instead, take it back to where you purchased it and see if they can help you. You are responsible for your own fitbit.  That said, this worked for me and my fitbit worked fine afterwards.

On the benefits of wearing a uniform

There are benefits to wearing a uniform: you look good, people can read you, and you simplify your life. I think that is what this article is getting at too, but to me, it oversells it: The Genius of Wearing the Same Outfit Every Day. Still worth a quick read, though.

I add that there are drawbacks to wearing a uniform: you can get stereotyped and you can get sick of it. I have tried it, and I think the trick for me was to have more of a template of clothing to wear and stick to that. By that I mean you have a number of different things to wear, but all the clothing fits a certain pattern or template. That approach  allows for some variation, but you gain all the benefits of a uniform.

Having read this, do you think the uniform idea is good or bad?