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Monday, 13 November 2017

Why Did Shakespeare Make Juliet Thirteen Years Old?

"I might've fallen for that when I was fourteen and a little more greenBut it's amazing what a couple of years can mean "

                                                Avril Lavinge's  "Nobody's Fool"


Why did Shakespeare make Juliet thirteen years old?

Whenever I lectured on Romeo and Juliet, I always started by asking “Why did Shakespeare make Juliet thirteen years old?”  As I fielded answers from students they generally fell into two broad categories.

In Shakespeare's time, people married young.  Not really.

Category 1: “People in Shakespeare’s time married young.”  Actually, they didn’t.  Shakespeare himself was 18 when he married Anne Hathaway who was 26 and pregnant with their first child, Susanna, but Shakespeare needed permission from his father to marry at such a young age.  Shakespeare’s own daughters, Susanna and Judith, were married at 24 and 31 respectively.  

Our ideas of English girls’ marrying at thirteen (or younger) being common practice was likely provoked by infamous cases of royal betrothals.  For example, Mary Queen of Scots was sent to France to marry Francis, the Dauphin, when she was six.  She married him when she was sixteen and he was fourteen—he died three years later.  In 1480, ten-year-old Prince Edward was betrothed to the four-year-old daughter of Francis II, Duke of Brittany.  (According to another Shakespeare play, young Edward was murdered by his uncle, Richard III.) Such marriages were entirely intended to forge political alliances and tell us little or nothing about common attitudes concerning the appropriate age for marriage. Best estimates are that attitudes, though relative to life expectancy, were not wildly different in Shakespeare’s time from those of today.

The real Juliet was thirteen

Category 2.  “The ‘real Juliet’ was thirteen.”  Tourists visiting Verona today will be invited to see the balcony purported to be the one where Romeo proposed to Juliet.  That a “real Juliet” ever existed is doubtful.  The age of the woman who might have inspired the “Romeo and Juliet” story, if such a woman ever existed, is shrouded in a deeper level of the unknown.  



Sources for the Romeo and Juliet story

Juliet is twenty-one in the Italian version of the story.  In the narrative poem in English by Arthur Brooke, THE TRAGICALL HISTORY OF ROMEUS AND JULIET, which is generally accepted to be Shakespeare’s source for the story, Juliet is sixteen.

Bill Bryson, At Home: A Short History of Private Life

The question remains: Why did Shakespeare make Juliet thirteen years old?  I would invariably tell students that the answer was quite obvious, and once they saw the answer they would better understand the play.  Imagine my surprise, shock and even dismay, reading Bill Bryson (who happens to be one of my favourite writers these days) who claims in At Home:  A Short History of Private Life that the reason Shakespeare made Juliet thirteen years old “is, like most of what Shakespeare did, unknowable” (397).

Shakespeare had a 13-year-old daughter

Unknowable?  Granted some inference is required, but in this case it is more a matter of arithmetic than literary theory.  Romeo and Juliet, the first quarto, was published in 1597—we can reasonably surmise that it was written and first performed around this time.  Shakespeare’s daughter was born on May 26, 1583.  1597-1583 = 14!  Why did Shakespeare make Juliet thirteen years old?  Because from May, 1596 to May, 1597, when he was writing the play, he had a thirteen-year-old daughter.

Shakespeare was obsessed with father-daughter relationships

As Peter Ackroyd points out in Shakespeare: A Biography, the relationship of “father and daughter” was one of Shakespeare’s “most enduring preoccupations” (449): Polonius and Ophelia, Shylock and Jessica, Lear and Cordelia, Brabantio and Desdemona, Baptista and Katherine, Duke Senior and Rosalind, Duke Frederick and Celia, to mention but a few.  (For more see https://www.enotes.com/topics/william-shakespeare/critical-essays/fathers-and-daughters-shakespeare#critical-essays-fathers-and-daughters-shakespeare-introduction).

Typically, Shakespeare portrays these relationships as troubled and casts the fathers in an unflattering light.  The one extraordinary exception to this rule is Shakespeare’s last complete play, The Tempest, in which Miranda’s father, Prospero, has magical powers with which to grant his daughter her every wish and happiness.

In Act 1 of Romeo and Juliet, we see Capulet firmly defending his daughter against an early marriage on the grounds that “too soon marred are those so early made.”  However, by Act III the political climate has obviously changed.  Although never explained in the play we are left to infer that a marriage to a relative of the Prince has become politically exigent, as Capulet now threatens to disown Juliet and abandon her in the street if she doesn’t “get to church o’ Thursday” to marry Paris.

Shakespeare drops lots of hints that he is thinking about Susanna

Shakespeare makes the age thirteen a repeated discussion in the play, and if we need an additional hint that he was thinking of his own thirteen-year-old daughter,  Susanna, he introduces the name Susan—somewhat tangentially—into the dialogue about Juliet’s age.

Nurse:
She is not fourteen. How long is it now
To Lammas-tide?

Lady Capulet:
A fortnight and odd days.

Nurse:
Even or odd, of all days in the year,
Come Lammas-eve at night shall she be fourteen.
Susan and she--God rest all Christian souls!--
Were of an age: well, Susan is with God;
She was too good for me: but, as I said,
On Lammas-eve at night shall she be fourteen.*

Shakespeare's spelling of names was always approximate (including his own)

If “Susan” and “Susanna” strike you as completely different names consider, as Bryson points out in Shakespeare:  The World as Stage, in extant documents, Shakespeare never spelt his name the same way twice.  Ackroyd among others is categorical that “Hamlet” is a variation of the spelling of “Hamnet”—the name of Shakespeare’s son who died at age eleven.  And, of course, if  Shakespeare was following the Brooke poem he should have called his eponymous hero “Romeus” not “Romeo.”  In short, precision in the spelling of names was not part of Shakespearian culture.  The dialogue above explicitly tells us that “Susan”—a name we can reasonably surmise that Shakespeare called his own daughter—if she were in the play, would be thirteen.  How much of a wink and a nod do we need?

The theme of Romeo and Juliet is haste

Once the idea that the author was the father of a thirteen-year-old daughter takes hold, it becomes impossible to view the play as anything other than a cautionary tale about the risks of succumbing to enflamed passions, of rushing to hasty judgments, solutions and actions.  Haste, in a word, is the theme of the play—and haste, in the play, invariably leads to disaster.



Haste equals disaster

Mention of the play invariably brings to mind the “balcony scene” but, in context, Romeo and Juliet knew no more than these few minutes of happiness in the entirety of the play.  From beginning to end in the play, their lives were replete with unrelieved anxiety, conflict, and sadness.  Even the consummation of their marriage is unable to alleviate the newfound misery of their existence as they immediately imagine each other “As one dead in the bottom of a tomb.”

Every major character in the play is guilty of haste

Romeo and Juliet provide the most poignant example but, in this play, every agent acts in haste and shares in the guilt of the disasters it provokes.  The passionate hatred between the Capulets and Montagues provides the ambiance for the drama, but the underlying folly of haste is repeated by each of the characters in turn.  Tybalt is an icon of choler—boundless, unruled, passionate anger.  Mercutio, as his name suggests, is mercurial.  Even the Prince is hasty in his declaration that any Capulet or Montague caught fighting in the streets will be put to death, and must retract his declaration when Romeo kills Tybalt.  Paris pushes to marry thirteen-year-old Juliet and is supported in his haste by Lady Capulet and the Nurse.  Capulet at first resists this haste, then becomes its most egregious provocateur when he threatens Juliet with abandonment if she refuses to marry in two days' time.  The tragedy could not have occurred without the active, ill-conceived, precipitous participation of the Nurse and Friar Lawrence.

Friar Lawrence is ultimately responsible for the tragedy

Friar Lawrence is the play’s raisonneur, providing the underlying ratiocination of the entire drama that “they stumble who run fast.” In other words, he is the author’s mouthpiece telling us that this play is about haste, but he is also the worst example of the haste which he platitudinously opposes. He marries Romeo and Juliet, then proposes that Romeo consummate the marriage, then devises the half-baked plan for Juliet to feign her own death, then fails to ensure that Romeo is informed of the plan, then, worst of all, abandons Juliet in the mausoleum where she eventually commits suicide.  In short, more than anyone else, Friar Lawrence is responsible for the tragedy, while paying lip service to the reasoning which could have prevented it.


Some readers might find it odd that Shakespeare made his spokesman the unwitting cause of the tragedy, but self-mockery seems a common feature of his plays.  The terrible or feeble fathers which populate his plays are clear examples of his self-effacement.  One particularly visual example is the Shakespeare crest which William Shakespeare commissioned, the motif of which—black diagonal against a yellow background—he mocked mercilessly in his comedy Twelfth Night.   The butt of endless jokes, Malvolio is lampooned for believing that his Mistress will admire his being “in yellow stockings, and cross-gartered.”


Maybe my students were right all along

Upon reflection it occurs to me as it often does, maybe my students had it right in the first place.  Why did Shakespeare make Juliet thirteen years old?  Because the "real Juliet" was thirteen.  The "real Juliet" was Susannah Shakespeare.

Some editors reduce Susanna Shakespeare's "presence" in the play

In The Norton Shakespeare Greenblatt glosses this speech as meaning "The Nurse evidently suckled Juliet after her own daughter died." However, another possible interpretation is that Susan was Juliet's sister--a sister of similar age or even a twin--the child that Capulet is referring to when he tells Paris that Juliet is an only child because "Earth has swallowed all my hopes but she."  Greenblatt removes this quote from the play and, in a footnote, claims "probably rejected by Shakespeare in the writing process."  Removing Capulet's explanation of how Juliet came to be an only child reinforces Greenblatt's interpretation of the Nurse's speech.  Most versions of Romeo and Juliet that I have read or seen retain Capulet's claim, including the online version at

http://shakespeare.mit.edu/romeo_juliet/full.html

Eliminating Shakespeare from the study of his plays is a mistake

If we continue with this process so unfashionable in postmodern literary criticism (see After the Death of the Author)  of connecting the text to the author, we would note that Shakespeare's son Hamnet, died in 1596, the year before the quarto publication of Romeo and Juliet, and that he was a twin.  Nothing precise or definitive, but additional reason for us to imagine that Shakespeare was thinking about his own children when he wrote the play.

http://internetshakespeare.uvic.ca/Library/SLT/society/family/marriage.html#juliet



Tuesday, 8 August 2017

What Is Money?

The system runs on borrowed money

The cliché that “The system runs on borrowed money” is well known.  You might imagine that you are somehow removed from that “system.”  Whether you are aware or not, your country, state or province, your school, your job, your church, your city, and your household are all run on borrowed money.  Nonetheless, “borrowed money” is a funny/peculiar expression because it is redundant.  There is no other kind of money.

What is money?  Experts aren't sure.

Reading Graeber’s Debt:  The First 5000 Years I was bemused to discover that there is no consensus among the experts on what exactly money is.  (See   When Should You Repay Your Student Loan? ) Of course, we all know what money is, but it is one of those obvious, everyday concepts that makes perfect common sense until you start to think about it.

IOU or Commodity?

Historically, the debate has been between seeing money as a commodity like gold or silver (something that has a value) or viewing it as an IOU, a promise to pay issued by the government of a particular country.  These days money is either paper or, more likely, pixels on someone’s computer screen—nothing of value in itself.

Money:  Without the gold standard, a debt that can never be paid.

However, if money is an IOU, it is a very strange kind of debt because no-one ever expects it to be paid.  (In the old days, countries were expected to have a supply of gold in storage—the “gold standard”—to back up their currency and, in theory, you could request an exchange of paper money for gold.  Those days are long gone.  (See   When Should You Repay Your Student Loan? .)

Money is simply a system of measurement

If money isn’t a commodity and it isn’t an IOU, what is it?  Graeber points out that the dominant theory in major economies like those of the USA and Germany—and I must confess it has taken me a long time to get my head around this idea—is that money is just a measurement system like feet and inches or litres and cubic centimetres. 

“Credit Theorists insisted that money is not a commodity but an accounting tool.  In other words, it is not a ‘thing’ at all. You can no more touch a dollar or a Deutschmark than you can touch an hour or a cubic centimetre.”

Money is a measurement of debt.

This is where the idea of “borrowing money” starts to get strange.  If money is just a measuring tool, imagine that you owe your buddy Georges 100 yards or you borrowed 300 miles from the bank to buy a house.  A hundred yards of what? Three hundred miles of what?  

Graeber writes:

"The obvious next question is:  If money is just a yardstick, what then does it measure?  The answer was simple:  debt."


The leverage ratio:  Why money doesn't really exist

“Borrowed money,” then, is just a way of saying “borrowed debt” or, more precisely, "a borrowed quantity of borrowing."  Once you’ve grasped this concept everything else in the financial and banking system begins to make sense—sort of.  As I’ve pointed out a couple of times, the mainstream, conservative banking system uses a leverage ratio of 4%; that is, 1 to 25,  meaning if the bank has 1 million dollars, it can lend out 25 million or 25 times more than it actually has.  “Actually has” (in the previous sentence) doesn’t mean to possess in a physical sense because as we have just learned money is “not a thing at all” so “has” does not apply in a physical sense.

When you borrow, you create money, which is the measurement of your debt

To trace the chain of “borrowed money” backward:  if you get a mortgage from the bank for $300,000, you will never get to see or touch or smell that money, but it is understood that you now have 300,000 dollars (i.e., money = debt).  You don’t have the money in an ontological sense (that is, in the sense that it actually exists), but you and the banks have an understanding.  

The more we “follow the money” the more imaginary and less real money becomes.  Following the leverage rules, it is understood that the bank does not have (in any sense of the word "have") the money it is lending you.  It is even understood that the bank has no understanding with anyone about the $300,000 you are borrowing prior to you borrowing it. Your $300,000 mortgage debt is created out of nothing, out of pure imagination.  It is a debt which you now owe to the bank.  It only exists as a piece of paper which you signed, meaning you created it for the bank's benefit out of nothing and which, by the way, the bank can turn around and sell or keep and claim as an asset in its bookkeeping. 


Synthetic leverage: how $1 becomes $40

In After the Music Stopped:  The Financial Crisis, the Response and the Work Ahead, Alan S. Blinder, an economist and former vice-president at the Federal Reserve, is adamant that “We need a financial system with much less leverage” (his italics, page 55).  Banks may give the impression on their books that they are leveraged to a conservative ratio of 1 to 10 but, as Blinder points out, the largest investment banks in the USA were creating “synthetic leverage” (using leverage to invest in something that is also leveraged; therefore leverage on top of leverage) to create leverage ratios of up to 1 to 40. 


Leverage and bankruptcy

If you want to understand what people are saying when they claim that the financial system was near collapse in 2008, consider a couple of salient facts.  The five companies that Blinder is talking about above—Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley and Goldman Sachs—were the five largest in the USA.  Goldman Sachs, according to a French documentary I watched recently, has greater assets than the country of France (Goldman Sachs had $1.12 trillion in assets in 2007 according to Blinder).  Lehman Brothers, with assets of $691 billion, was allowed to go bankrupt.  To avoid bankruptcy, Merrill Lynch, with assets of $1.02 trillion, was forced to merge into the Bank of America.  As bankruptcy approached, Bear Sterns, with assets of 395 billion, was bought up, under government pressure, by JP Morgan Chase.  With these kinds of assets, how is it possible that these companies faced bankruptcy and needed government bailouts? 

The simplest answer is that no matter how rich you are if you are lending 40 times more than you have on paper (or in pixels, if you prefer) then a 2.5% mishap can send you spiralling into bankruptcy.  Think about it.  You have a billion dollars on paper, so you lend 20 of your friends 2 billion each.  One of those friends screws up and comes to tell you that he can’t pay you the 2 billion.  He’s bankrupt.  Guess what, so are you now.  Remember you only had a billion dollars on paper (in pixels), so now you can’t claim that you have those pixels anymore.   But are you really bankrupt now?  Sure you can’t say you “have” a billion dollars anymore (whatever “have” means in this context), in fact, you are a billion dollars in the hole.  According to the banking rules, you can’t lend out any more money because you don’t “have” any money to leverage—which is a problem if you are a bank because lending money is what banks do.  However, since money is just a measurement of debt, you still “have” the other 38 billion that you lent to your other 19 friends—don’t you?


Zombie Banks [Updated Nov. 3, 2018]

Listening to Yanis Varoufakis, former Greek Finance Minister, I learned there is an expression for what I described [above] a year ago:  Zombie Banks.  When banks no longer have the cash, the liquidity, the seed money, the "pixel dust," or whatever you want to call the million dollars that allows them to lend out 25 million, they stop lending money.  "Lending money" is the only reason for a bank to exist.  The bank is dead, insolvent, bankrupt, a zombie, but it continues to exist by receiving money from the national treasury, from taxpayers, which it hoards to itself to preserve the illusion that it is still a functioning bank.


High finance is like musical chairs until the music stops

The money game is a game of pretend.  The game only works if everyone believes or, as we say in literary studies, “suspends disbelief.” The game starts to fall apart when too many people start to notice that a billion-dollar or a trillion-dollar company doesn’t seem to have any money. You win the game by pretending that you “have” the money, even when it becomes obvious that no-one “has” the money.  All we have is the understanding that we all owe each other and the debt is measured in dollars or pesos or euros, etc, which is fine as long as we all understand the game and follow the same rules.






Afterthought

In my previous post, I described money as “pixy dust”—the magic stuff that Tinker Bell spreads with her wand in Peter Pan.  It wasn’t a metaphor that I thought about very much, but on second thought I’m a bit shocked by how accurate, how close to reality, that metaphor is.  Realizing that money is a kind of strange fiction that we have been convinced is the ultimate reality answers some of the questions I have asked in the past.  How is it possible that the USA is 17 trillion dollars in debt?  That the USA owes more American dollars than actually exist in circulation?  That every country in the world is in debt?  That the unregulated “derivatives” market is said to be between 700 trillion and 1.2 quadrillion dollars?  Since all these numbers are measurements of something that doesn’t really exist, they have no limits.  Nonetheless, I shouldn’t have called money “pixy dust.”  I really wish I had called it “pixel dust” the first time.  "Money is pixel dust!"  Spread it around!



Thursday, 23 March 2017

Saint Mathew Pray for Us! Bank Deregulation Is Back!

Shock and awe and bank deregulation

Amid the boom and flash of the spectacular political theatre going on right now, you may not have noticed the announcements in a single utterance on television or in columns in the back pages of your local newspaper—“banks need to start lending money again,” (Trump on CNN), “President Donald Trump promised a meeting of community bankers to strip away some Dodd-Frank financial regulations” (B3 Globe and Mail 10 March 2017) and White House fires Preet Bharara “the high-profile Manhattan prosecutor known for his pursuit of public corruption and Wall Street crime” (A18 Globe and Mail 11 March 2017)—bank deregulation is back! “Bank deregulation” was the precursor to the financial collapse of 2008 causing banks and financial institutions to go bankrupt, individuals to lose homes, jobs and pensions, and triggering the government bailouts of the banks costing taxpayers what is now estimated to be a trillion dollars.  (Historically the British and Americans defined “billion” and “trillion” differently, but these days the American definition seems to prevail.  In the American system, a “billion” is a thousand million and a “trillion” is a thousand billion. Here is a more visual and visceral sense of how much a trillion is.)   The “Dodd-Frank regulations,” about to be "stripped away," were the rules put in place to prevent the collapse of 2008 from happening again.




Saint Mathew, the patron saint of bankers and accountants

Saint Mathew was an apostle of that Jesus the Anointed (who was voted “God” by the Council of Nicaea in 325).  Mathew is the alleged evangelical author of the first gospel of the New Testament  (although his name was not attributed to the text until after he was long gone, and oddly, in the gospel, he refers to himself in the third person--but then again so do I sometimes), and the patron saint of bankers and tax collectors (these days we might suggest that he choose a side), of accountants and money in general  He has a lot to answer for.  Even though I have graduated from agnosticism to atheism since beginning this blog, I’m recommending prayer in this case, because there really don’t seem to be any other options.  Bank deregulation isn’t just on the agenda, it seems a foregone conclusion.  



Bank regulation, bank-robbery deregulation; tomato, tomaato

I have to confess that I broke my pedagogical rule of Do No Harm Part II: Avoid Irony in my last post on bank robbery, but the point I wanted to make is that the next time you hear someone talking about “deregulating banks,” you can substitute “deregulating bank robbery”  and discover that the arguments, the logic and justifications turn out to be the same. So what?  We may be living in a global oligarchy these days with wealth dictating government policy and the law, but perhaps there is some measure of solace in being able to say, “I know you are going to screw us because you have that power, but forget being smug and self-righteous because we know what you’re doing.”

Step one of being un-fooled is to understand what the expression “bank deregulation” means.  Here are three words that you need to know in order to know what "bank deregulation" is all about: "derivatives," "leverage," and "rent-seeking."

  • Derivatives.  I may have talked “derivatives” to death in my earlier post, but basically what you need to understand is that “derivative” means that banks and financial institutions can “bet” on the stock and bond markets.  “Bet” is the important word here.  As described in The Big Short (both book and film), these “derivatives” are not investments in companies or products or services, they are simply companies and individuals betting that a stock will go up or down without actually investing in the company they are betting on or against.  Finance people make “derivatives” sound reasonable by describing them as “insurance”; as in you buy an insurance policy on your house to protect yourself against the possibility that it might burn down.  However, a derivative is more like buying an insurance policy on your cigar-smoking, alcoholic neighbour’s house in the hopes that his house will burn down—so why not buy him a bottle of vodka and a box of cigars for Christmas, his birthday, etc?  In the film version of The Big Short derivatives are shown as being like following your neighbour to the casino and when he bets two dollars on the roulette table, you bet 10,000 dollars with someone else that he is going to lose his two dollars, and someone else bets 100,000 dollars that you are going to lose your 10,000—that’s the derivatives market.  The derivatives market is estimated to be between between 710 trillion and 1.2 quadrillion US dollars.  (see "The Size of the Derivatives Bubble").  Just to put those numbers in perspective once again the total GDP of the USA is 17 trillion.

  • Leverage. How are these crazy numbers possible?  How is it possible that so much money—40 to 70 times the total wealth of the USA, 700 to 1000 times the amount of US paper currency which actually exists in circulation—is being gambled?  The answer is “leverage” (that’s chapter six in The Art of the Deal, the book which Trump’s ghost writer, who wrote the book, called “a tissue of lies”).  “Leverage” is what “bank deregulation” is all about.  If a bank has assets worth one million dollars, the average person might imagine that a bank can therefore lend out to clients up to one million dollars.  Under current US banking regulations the leverage ratio is 4%, which translates as a ratio of 1 to 25.  In other words, if the bank has 1 million dollars, they can lend 25 million dollars.  That’s right; for your mortgage or your car or your kid’s education, they can lend you 24 million dollars that they don’t have—but you, of course, must repay in money that you actually have.  (By the way, the mortgage that you owe to the bank is considered one of the bank's assets.  If you owe the bank $200,000, by regulation the bank is considered to have that money within its assets.)  The current "leverage ratio" (1 to 25) is the key regulation that banks find too onerous, limiting and difficult to comply with.  They want to change the leverage ratio so they can lend you even more money that they don’t have.
  • Rent-seeking.  This is the concept that we really need to watch out for.  The idea has been around since the 1970s, and is being much discussed in financial circles.  I found out about it reading Christia Freeland's Plutocrats:  The Rise of the New Super-Rich and the Fall of Everyone Else.  You might imagine that with all this money floating around it should be easy to cure cancer, end world hunger and poverty, offer everyone daycare and free education from kindergarten to PhD, but as the operations of rent-seeking become more obvious, it is becoming apparent that all this fabulous wealth doesn't actually produce anything, and it isn't the result of anything being produced.  Monumental wealth is being produced simply through the manipulation of government regulations, in particular the laws govern finance and banking. "Money" has become like Tinkerbell's pixie dust, not tied to anything of value, but available to the super rich to sprinkle on politicians, and for politicians to sprinkle back in greater measure on the super rich by adjusting the regulations for banking and finance to their whims and favour.  The disappearing middle class can look back on "trickle-down economics" and crumbs from the big table as "the good old days" because pixie dust may float in cosmic clouds above  but the .1% are exceptional at keeping it afloat and have little motivation to let it fall on the rest of us.





Friday, 17 March 2017

Should Bank Robbery Be Deregulated?



Phoenix, Arizona
March 9, 2017

UNKNOWN BANK ROBBER

DESCRIPTION

  • Height: 5'4"
  • Sex: Female
  • Complexion: Light
  • Race: White (Hispanic)
  • Remarks: The suspect was described as having a medium build with long dark curly hair. She was seen wearing a purple hat with a white flower on the front, purple jacket, purple dress and was carrying a large black purse.
  • Vehicle Information: Tan older model Nissan Pathfinder

CAUTION

On March 9, 2017, at approximately 10:18 a.m., the suspect entered the Fry’s grocery store located at 2626 S. 83 Avenue in Phoenix. She proceeded to the Wells Fargo branch inside where she displayed a robbery demand note which indicated she was armed with a gun. The suspect also told the teller to not follow her because there was a second suspect in the parking lot that would shoot anyone who did. The teller gave the suspect U.S. Currency and she fled the store to the listed vehicle parked in the lot.

SHOULD BE CONSIDERED ARMED AND DANGEROUS


Should bank robbery be deregulated? 


I have decided to spotlight this particular Phoenix bank robber (above--oops, not sure why her photo has disappeared from my post) from the FBI's list of 486 because I liked the panache of her purple hat with a white flower, plus I thought her image might gain me some cred with righteous Americans in search of undocumented Mexican criminals--though there is no evidence she is Mexican or undocumented.  

Why bank robbery should be deregulated:

  • Bank robbery is a business transaction between an individual and his or her banking institution of choice.  Government interference through regulation and enforcement causes inefficiency, bureaucracy and needless costs to tax payers.
  • Banks are better able to deal with bank robbery than outside government agencies because they are uniquely positioned and qualified to understand the business of bank robbery and how best to deal with it.  
  • Bank robbers take risks, like any investor, and are sometimes rewarded and sometimes penalized for their risk taking. Banks and bank robbers are better qualified in risk management than government agencies currently tasked with regulation and enforcement. 
  • The average bank robbery nets less than $8,000.  The cost of policing, security and enforcement (incarcerating one prisoner for one year in the USA currently costs more than $30,000) is much higher than the amounts that bank robbers actually steal.

Alternatives to the current system of regulating bank robbery:

  • Banks currently supply much of their own security.  Bank security should be turned over entirely to the private sector and banks themselves, replacing onerous costs to tax payers and a system of multiple layers of conflicting police forces (FBI, Municipal, State, sheriffs, marshals from local police forces as well as the banks' own security systems and other private security companies, CIA, NSA, Homeland Security, and Private Military Contractors such as Blackwater) with a single efficient system paid for and managed by the banks themselves.
  • Many prisons in the USA are private, for-profit ventures.  In essence banks already own and run a significant part of the prison system.  Allowing banks to once and for all take over the incarceration of captured bank robbers would alleviate the burden on middle-class tax payers, clear the court system for more profitable forms of litigation, and convert the incarceration of prisoners into profitable work.  
  • Smaller banks may feel unprepared to manage their own security, policing and incarceration.  Private contractors and franchises will be able to fill these gaps.  Some smaller banks may simply decide that bank robbery is "the price of doing business" and such a policy will no doubt function in the short term given the relatively small cost of individual bank robberies; however, it seems clear that these banks will eventually be absorbed by larger enterprises with their own police forces, court system and prisons.  
  • Some left-leaning, liberal bankers (widely know as "oxymorons" or just "big morons") may decide on sending bank robbers to school (a year of college costs less than a third of the cost of a year of incarceration in the USA) and profit from the disparity of costs.  However, until such time as banks have more fully privatized the education system in the USA, this approach is not  recommended.


The time is ripe!

The USA is once again on the verge of massive deregulation of the banking and financial services industry, and a return to the golden age of 2007.  The time is right and ripe and propitious for the deregulation of bank robbery within the wider and much more significant scope of the deregulation of banking as a whole.  Don't let this moment pass you by without considering how you and I and the entire world will benefit from the deregulation of banking and financial services!


Creedence heard it though the grapevine.

Just to reinforce the point:  

'Deeply concerning': Canada pension fund invests in US immigration detention firms

Addendum (Aug. 29, 2020)

Accidentally, the bank robber I featured at the beginning of this post (the picture has disappeared) looks a lot like the "bombshell bandit" whose life story is described in this article:

https://getpocket.com/explore/item/the-rise-and-fall-of-the-bombshell-bandit?utm_source=pocket-newtab

Sunday, 22 January 2017

The Things We Know that We Don’t Know We Know!

The OA in my dreams

After I finished watching Netflix’s series The OA, I went to bed feeling fairly confused—wondering if I hadn’t just wasted a few hours on a shaggy-dog story.  As often happens to me, I woke up feeling I had a better grasp of the plot. Not very surprisingly, the scene that stayed with me from the final episode was of the trauma counselor advising Prairie, “the OA,” who had been kidnapped and held captive in a basement for seven years, that her premonitions could be the result, not of magical powers to predict the future, but the fact that she was sensitive to information that she collected without being fully conscious of it, which then organized itself into conclusions about the future which sometimes came true.  In other words, sometimes we know things, but we just don’t know that we know them.



Trauma counseling and palmistry

The trauma counselor’s words rang a bell with me, not just because my brain is sometimes smarter when I am asleep than when I am awake, but because I used to read palms.  To be absolutely honest, everything I know about palmistry I learned when I was 10 or 11 years old from a booklet that came as a bonus gift inside boxes of Red Rose Tea.  I have held on to the basics since then:  people with stubby fingers are skeptical, with long, thin fingers artistic, and there are lines representing life, romance and intellect.






Over the years, I have been surprised by how convincing people found my readings to be.  When I taught in Portugal, I knew I was in trouble when I arrived at the University one day and the department secretary announced there was a woman in my office waiting to have her palm read.  The real problem wasn’t that people were beginning to believe in my palm reading; it was that I was beginning to believe in it.  


What the brain does without us

The myth that we use only one-tenth of our brains and consequent speculations of our undiscovered telepathic abilities have long been debunked.  However, whether or not we believe in Freud’s hypotheses about the subconscious mind, it is irrefutable that our brains do lots of things for us without our active conscious participation:  regulating heartbeat and breathing, creating pain warnings, telling us when to be afraid, and signaling opportunities for procreation—all done without our instruction or thinking.



At another level there are all kinds of rules that we follow, which seem to bridge the ephemeral divide between nature and culture, which we follow without knowing that the rules exist or being conscious that we are following them.  The grammar of whatever language we speak is a primordial example.  As I never tire of pointing out, the average native speaker of English hasn’t a clue about the rules of English grammar but follows most of them nonetheless.  



Structuralism, semiotics and readings of the everyday world

The many things we know but don’t know we know; that is, those rules of human behaviour that we read and follow but do not articulate, supplied the examples in my attempts to juice up my lectures on structuralism.  In literary studies, structuralism was the attempt to make criticism scientific, to move the analysis of literary texts beyond emotional responses or opinions about beauty or as the raw material for studies in other branches of the humanities like sociology or psychology.  For a time, structuralism dominated anthropology which was under the sway of Claude Lévi-Strauss, but its origins were in linguistics as practiced by Ferdinand Saussure, which in turn was founded on the understanding that the human brain functioned through binary reasoning.  (See Binary Thinking Versus the Other Kind. ) Saussure proposed that we could create a science of all signs which he called “semiotics.”  There is nothing more boring than a semiotic analysis of a literary text, but the idea that we could read and understand the world around us as a text which could be submitted to semiotic analysis was bound to capture the attention of even the least curious undergraduate.

Proxemics

Most of the examples I presented had to do with proxemics; that is, the study of how people occupy space.  All animals have “rules” for the occupation of space; most obviously,  fight-or-flight reactions.  The circus lion-tamer trained the king of the jungle by calculating the exact distance of its fight-or-flight reactions, then mesmerizing the animal by crossing back and forth across that line.  The snake charmer used the same technique, waving a flute back and forth, in and out of the cobra’s attack distance paralyzing it into immobility.  The rules for human beings are equally obvious but are made vastly more complicated by culture.




The rules of personal space

You can get a sense of how much you know without knowing you know with this thought experiment.  Imagine you enter a room where a group is gathered.  If you can accurately visualize the gathering, you can also make some pretty good guesses about the role each individual is playing in the group.  Right?  You can immediately pick out "the leader,"  "the supporter," "the opposer," "the alienated loner," etc.  Now imagine there are only two people present--a man and a woman.  Consider what you might guess simply from their body language and how they occupy space.  If they are standing within two feet of each other, you would wisely surmise that they are in an intimate relationship.  (One of the oldest anecdotes on breaching the personal “space bubble” tells of a meeting between Arab and American businessmen in a large conference hall.  For Arabs, the comfortable conversation distance was six inches, for Americans twenty-four.  As someone wryly observed, with Arabs inching closer and Americans backing away, “the meeting looked like a ballroom dance competition.")  If the imagined couple is standing perpendicular to each other, theirs is a friendly, bordering-on-intimate relationship; face to face, they are in confrontation or debate.  If she is sitting at a small desk and he is standing:  student-teacher or something analogous.   If he is sitting at a big desk and she is standing, he is a boss and she an interviewee, or something analogous.  The bigger the desk the bigger the boss.  


Etiquette: The bigger the desk the bigger the boss

These clichés wax and wane and change with time.  Sometimes they become rigid and highly codified.  In my first teaching job, I occupied a cubicle next to the “furnishings” sector of the Canadian Treasury Board and Department of Finance.  Through skilled eavesdropping, I discovered that the size of an employee’s desk and the number of inches of carpet space s/he was entitled to were directly tied to the employee’s rank within the civil service—and there was a manual of directives spelling out the exact measures to the square centimeter.  In Henry James’ novel, The Portrait of a Lady, the climax comes when the heroine walks past an open door and glances into a room to see her husband sitting while talking to a mutual female friend.  This breach of etiquette, a gentleman sitting while a lady stands, was so codified that the heroine immediately understood that her husband and the lady were lovers.


Lies and other rules we follow

I was an immediate fan of the television series Lie to Me because I felt it was likely based on someone’s real-life scientific claims.  Sure enough, the series is loosely based on the work of Dr. Paul Ekman.  The social-psychologist Stanley Milgram also made a career of studying the behavioural rules we follow without ever knowing or acknowledging their existence.  

Dilated pupils are a sign of sexual arousal

On the concupiscence front, men are attracted to women with dilated pupils because, though most men remain unaware, dilated pupils are a sign of sexual arousal.  George Eliot (aka Mary Anne Evans) was meticulously discreet and euphemistic in her treatment of matters sexual, but when I read this line—“her face bent toward him, her eyes dilated, her lips parted”—I had to ask myself, “Was Eliot telling us that Gwendolen was sexually aroused as she confessed to Daniel Deronda that she had just killed her husband?”



Body language, machine learning and Minority Report

Women, we are told, are lured by men whose body language is expansive, claiming extra space.  We are all attracted by phi and symmetry, even those of us who don’t quite know what phi and symmetry are.  And then there are smells and pheromones that tell us who and when to love.  The number of things we don’t know we know might be greater than what we know we know.  However, before we succumb to species vanity about the unexplored potential of the human brain, consider this article on “machine learning” published recently in The Economist which describes algorithms and software capable of predicting human behaviour much more elaborately and precisely than we can.  The article references the movie Minority Report,  then concludes that “machine learning” will have to be fine-tuned so that our futures will be like the Minority Report but without the mistakes.









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