SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (1116738)2/11/2019 12:55:25 PM
From: Wharf Rat1 Recommendation

Recommended By
Celtictrader

  Read Replies (1) | Respond to of 1583373
 
Climate change is the deadliest legacy we will leave the young
John Lanchester

Property prices, pensions and austerity will pale into insignificance compared with the effects of global warming on the next generation

Wed 6 Feb 2019 14.04 ESTFirst published on Wed 6 Feb 2019 11.11 ES


Illustration by Bill Bragg
One of the strange things that happens when you start work on a novel is that you realise what’s been preoccupying you – sometimes without you knowing it. I was about a third of the way into my new novel, The Wall, when I discovered that I was completely obsessed by intergenerational inequality. In particular, by the question of intergenerational inequality linked to climate change. Who knew? Certainly not me.

Now, there’s nothing wrong with intergenerational inequality. At least, there’s nothing wrong with the version of it that existed in the developed world for much of the 20th century. That kind of inequality was based on the idea that life should be gradually better, from one generation to another – more secure, more prosperous, healthier, longer. That means that children got a better deal than their parents, but that was fine; indeed, in this version of the social contract, that was the whole point.

This model for a relationship between the generations has broken down. There are numerous reasons for this, and some are side-effects of positive social trends. When the UK state pension was introduced in 1908, it kicked in at the age of 70; but only one in four people lived past that age. In other words, most people died before they were able to collect any state pension at all. Today, life expectancy at birth is 82.9 years for women, 79.2 for men. This is, it goes without saying, a hugely positive development, but it plays havoc with the actuarial mathematics. Our state pension system resembles a benign Ponzi scheme, in which people in work are paying for liabilities accrued by the generation older than them who have now retired. When the retired generation is bigger than the working generation, there are obvious problems with making the sums work. You end up with different versions of the welfare state being experienced by different generations. A huge body of social science has been done on this subject, and you can sum it up in seven words: the baby boomers ate all the pies.

This fundamental shift in demographics, and the consequences it has had for intergenerational inequality, has been severely compounded by other trends in our society and politics. Austerity has made the welfare state less generous. Perhaps even more importantly, through the deliberate use of bureaucratic cruelty in the form of practices such as sanctions, it has introduced a darkness to the welfare state. In a landscape of food banks and fit-for-work tests, the experience of state assistance has a fundamentally different tone from the one summed up in the idea of cradle-to-grave care. That’s not all. Brexit is the most intergenerationally divisive issue this country has ever faced, and that dividedness stares at you when you look at a breakdown of how people voted, with over-65s twice as likely to have voted leave as under-25s. For the first time, age is a better predictor of a person’s politics than income – which shows how intergenerationally divided our country now is.

It gets worse. The central premise of capitalism, the idea that work was the means to a escape from poverty and towards a decent standard of living, has been broken by the stagnation of pay growth and the use of in-work benefits to subsidise corporate profits. And finally, the grotesque inflation in property prices has caused the collapse in levels of home-ownership among the young, and the directly linked phenomenon of housing poverty, in which a huge proportion of people’s earnings are consumed by housing costs. According to the Joseph Rowntree Foundation, 47% of the poorest fifth pay more than a third of their income on rent. The Institute for Fiscal Studies points out that among young middle earners, home ownership has fallen from 65% to 27% in the last two decades. When it comes to housing there is no question that the young have a dramatically worse deal than their parents.

It’s at this point that somebody needs to speak up for the boomers. It’s not like all of this was a plan. The shift in demographics was foreseeable, but austerity, Brexit and our housing madness were all, essentially, historical accidents. In addition, although the postwar welfare state looks pretty good in retrospect, it’s easy to forget that life didn’t seem all that great at the time. The paradise of state provision was only relative, and life was at least as fractured and anxious as it is today. When I turned 20, more than three million people were unemployed, three times as high a percentage as now; inflation had recently been in the high teens, and interest rates still were.

If you were able to put down a deposit on a house, you would be sweating about that double-digit compound interest mortgage payment every month. And then, for lots of us in the late 80s, no sooner did we buy a place but the housing market imploded. In the south-east, real, post-inflation house prices fell by 46% in the early 90s. That left millions of people in negative equity, a horrible experience forgotten by everyone except the people who lived through it.

The emotional and political landscape was difficult, too. We lived and dreamed the threat of nuclear war, which, with President Reagan in charge of the developed world, seemed more likely than it ever has since. Oh, and with the arrival of Aids, and before the invention of retrovirals, sex could kill you. Growing up as a boomer, life in the first world was harder for women, for ethnic minorities, for the LGBTQ community. In most respects, life for young people is better today than it was then. We didn’t know the cold war was going to end, that the cruise missiles were going to go home, that the Berlin Wall would fall, that interest rates, inflation rates and unemployment would all drop. We didn’t know that our homes (for those of us who had homes) were going to shoot up in value. We didn’t know things were going to improve. Yes, the state of the UK housing market is flagrantly unfair to young people, but an intergenerational score card is a complicated thing.

A horrible plot twist is coming, however. If you look at the reports from the UN’s Intergovernmental Panel on Climate Change, and the projections of what a warmer world is going to look like, and how quickly it could arrive, you realise we are facing the prospect of the most radical form of intergenerational inequality the world has ever seen. That would be a world in which different generations don’t just have different versions of the social and economic contract, but instead grow up with fundamentally different maps of the world. A world four degrees warmer – the world for which we are heading, in some of the worst-case scenarios – is a world of floods, droughts, drowned cities and coastlines, crop failures, unprecedented levels of mass migration, and all of it arriving in the gap between three or even two generations. Of course, it’s possible we will get lucky, in the way that my generation got lucky, and that warming comes in at the lower estimates. The world would be hotter, but not uninhabitably, unimaginably so. But I don’t think we can just cross our fingers and hope for that. The need for intergenerational justice on the issue of the climate could not be stronger. The prospect of leaving a broken world for our descendants is the clearest call to action on climate change we will ever get.

theguardian.com



To: Wharf Rat who wrote (1116738)2/11/2019 2:37:12 PM
From: James Seagrove1 Recommendation

Recommended By
Mick Mørmøny

  Read Replies (1) | Respond to of 1583373
 
More than six in 10 Canadians say Facebook will have a negative impact on fall election: survey



Canadians hold strongly negative views of Facebook’s approach to protecting personal data and are concerned the social media giant will have a negative impact on the 2019 federal election, according to a new Nanos Research survey for The Globe and Mail.

The survey found more than seven in 10 Canadians think Facebook does a poor or very poor job of monitoring how the platform is used to influence politics. It also found that more than eight in 10 Canadians think Facebook is untrustworthy or somewhat untrustworthy with people’s personal data. Also, more than six in 10 Canadians say Facebook will have a negative or somewhat negative effect on the next federal election.

“If you asked the average Canadian about Facebook and democracy, they’d probably equate that quite clearly with the word ‘problem,’" said pollster Nik Nanos.

The results come as Facebook prepares to respond to public concerns with new measures in Canada aimed at preventing the misuse of its political advertising options on the website and devoting more resources to patrolling for fake news and foreign interference.

Facebook has been at the centre of controversy in election campaigns around the world for failing to prevent outside forces and bad actors from using the platform to spread fake news and inflame political debates. The issue came to prominence during the 2016 Brexit referendum in the U.K. and the 2016 U.S. presidential election that put Donald Trump in the White House.

Facebook has said it has learned lessons from those campaigns and has since improved its practices. New measures were used during last year’s U.S. midterm elections and the company is promising to launch similar policies in Canada at some point before the end of June.

With an October federal election on the horizon, the Liberal government recently announced that a team of senior bureaucrats will be assigned to monitor events and warn the public if they feel the election is being compromised by foreign actors or hackers.

Prime Minister Justin Trudeau has also adopted a harsher tone in recent weeks when it comes to large social media companies. He told a Quebec City audience last month that these companies generate “extraordinary profits that do not go toward the defence of our democracy by our journalists, but rather in the pockets of big companies that do not see this social responsibility as being primary for them.”

However, critics of the government – as well as the federal privacy commissioner – say it is time to move beyond warnings and adopt stronger regulation governing how large companies use customer data, along the lines of measures already adopted by the European Union.

Mr. Nanos said the survey results suggest Canadians will support stronger government measures if their concerns about Facebook’s approach to privacy and democracy are not addressed.

“I think what the results hint at is that if Facebook doesn’t try to bring order and civility to its social media ecosystem, then with [polling] numbers like this, there will probably be an increasing number of Canadians that will ask for interventions," he said.

The results are based on a hybrid phone and online random survey of 1,000 adult Canadians conducted between Feb. 2 and Feb. 5 as part of an omnibus survey. The margin of error for a survey of that size is plus or minus 3.1 percentage points, 19 times out of 20.

In a recent statement, Kevin Chan, Facebook Canada’s head of public policy, said the company will be announcing new measures soon to address concerns about how the site is used during election campaigns.

“We take our election integrity responsibilities extremely seriously," he said. "We know we have more work to do, which means continuing to ramp up our efforts in the months ahead. Facebook is committed to being a force for good in Canada’s democracy.”

The poll also asked whether foreign online companies should have to collect sales tax from Canadians. Quebec and Saskatchewan currently have that requirement, but the federal government has said it is waiting to see whether an international consensus emerges on the taxation of digital services.

The poll found a majority of Canadians either support (36 per cent) or somewhat support (20 per cent) a requirement that foreign companies charge sales tax on the services they provide to Canadians.