Tag Archives: wealth

Harvard Eunuchs

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Success is measured in different ways in different cultures. Among US academics, the first mark of success is going to a great college. If you graduate from Eureka college, as Ronald Reagan did, you are pretty-well assumed to be an idiot; if you went to Harvard and Princeton, as John Kennedy did, you’re off on a good start to popular acclaim, even if your entry essay was poor, and you got thrown out of one because of cheating. Graduation from a top college does not guarantee being seen as a success forever, though. You have to continue in the Harvard way: use big words — something that puts-off the less-educated; you have to win awards, write books or articles; have the right politics; work at a high power job and money, meet the right people, exercise regularly, etc. It’s hard work being successful; disposable income is tight, and one rarely has time for kids.

Fertility rates, 1950 and now

Fertility rates compared, world-wide, 1970 vs 2014.

By contrast, in ancient societies, success included food, leisure, land, and general respect. A successful person is seated at the front of the church, and consulted as few academics are. And there is another great measure: children. In traditional societies, children are valued, They are seen as a joy in your youth, and a comfort in your old age. They are you and your wife reborn, with reborn wonder. They are your future, and the defenders of your legacy; ready to take on the world with an outlook of their own, but one that you had a unique chance to mold. In the Bible, children are a sign of blessing, and the opposite is explicitly stated as a punishment for violating God’s commands.

I have come to wonder why rich countries have so few children, and why successful people in rich countries have yet fewer than the average. These people and countries are no worse than others, yet they are common. Harvard produces a surprising number of “Legal Eunuchs” — people with a refined place in society, but no time or children; people who work tirelessly for the pleasure and success of others. Harvard couples marry late, or not at all. If they marry, they usually produce childless households, DINKs — Double Income No Kids.

The same pattern is seen in Europe, UK, Japan, Canada, Russia, and China, as the map above shows. Particularly among the élite, the great works are being created for the deplorables and their children. Could anything be more depressing?

The seven things include that Eunuchs can be trusted, that they love to serve, that they are compassionate, that they are passionate (for excellence) and that they have fewer distractions.

There’s and organization for everything these days. In this case, the seven things you didn’t know include that Eunuchs can be trusted, that they love to serve, that they are compassionate, that they are passionate for excellence, and that they have fewer distractions. This is the opposite of toxic masculinity, but it comes at a cost. 

I think one reason for the growing ranks of Harvard Eunuchs is a dislike of masculinity; masculinity is sort-of toxic,  associated with war, revolution, and selfishness. In the 1800s, only Republicans and Communists had beards; the more-refined gentleman did not. The eunuch qualities listed above, are considered noble, charitable, and selfless. Clearly it helps others if you are selfless, but why do it? I think the answer is self-doubt about ones worthiness to enjoy the fruits of your labor. To get to Harvard takes striving, and that relates to a degree of self-doubt and loathing about your worthiness today.

I graduated from Cooper Union, and went to Princeton for graduate school. It was a magical place, I became machines chairman, then chairman of the Graduate College House Committee. I dealt with a lot of very bright, accomplished people, and a pattern I saw often was self-doubt and loathing. And the most accomplished students were the ones with the most self-loathing. It made them strive to be better; it drove the innovative research and the grant writing. It motivated graduates to try to become professors (only a few would succeed) or judges, or financiers, or politicians. All that takes time, striving, and putting off your wants in the here-and-now, for a reward to the future you that is worthy. It’s a system that produces greatness, but at great personal cost.

So what’s to be done? How do you help yourself, or some other, the bright, educated fellow see that he or she is good enough. Unfortunately, for those in the system, good enough equals bad. I found it helped to say, in my own words, the words or Solomon:”Eat, drink, and enjoy yourself.” “It is not good to be over-wise… Why wear yourself out?” Not that these words changed them, but they did seem to give comfort. I’d suggest the write things that were honest; that people understand, and that they take time for themselves. “May your fountain be blessed, and enjoy the wife of your youth.” (Ps.127:3-4, Ecc.8:15, Pr.5:18…) It suffices to retell old truths and raise a new generation. Only make sure that what you have to say is honest and logical, and trust your own value. As for toxic masculinity, it can have its own charm.

Robert E. Buxbaum, January 29, 2019. I got the title for this article, and the idea, from the phrase, “Legal Eunuchs” in this wonderful book review (2005) by Alan Dershowitz.

The wealth of nations in beer

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We generally compare the wealth of nations in dollars per capita, but this is a false comparison. You can not eat dollars, and even if dollars can be exchanged for products or other countries’ currencies with minimum cost, the same is not true for their products. A sack of rice in America costs more than in India; you can not easily buy it at the Indian price. Nonetheless we generally measure the wealth of a county as if all products cost the same everywhere. Based on this, we declare that the citizens of Lichtenstein are the richest on the planet, followed by Norway and Denmark. US citizens not far behind, vastly richer than the people of Africa who we picture living on pennies per day. But pennies in Africa buy more than pennies in America; wealth is spent locally, and things are expensive where people have money.

GDP for various countries in pints of beer per person per year in main city bar or restaurant

GDP for various countries in pints of beer per person per year in main city bar or restaurant

To correct for this local value of money effect, some economists modify consider the ratio of per-capita GDP by relation to the cost of a basket of goods. This is called purchasing power parity, or ppp. By this measure, American’s are not as much richer than Africans, but the problem remains that people don’t all buy the same basket of goods. The Economist magazine has thus suggested correcting ppp by choosing a single consumable, the MacDonald’s Big Mac, a standard product available world-wide. The Economist’s “Big Mac Index” is quite good in my opinion, but it could be better, and I decided to make it better by using beer instead of Big Macs.

It strikes me that typical Africans don’t eat Big Macs — the price is out of range. Meanwhile, in rich countries mostly it’s the poor who eat MacDonald’s (and Donald Trump). The advantage of using beer to measure the wealth of nations is it’s something most-everyone consumes across all social strata. A country is wealthy in terms of many pints of beer a person can buy based on his or her, per-capita GDP.

Shown at left is the top countries from a table I made by dividing the GDP per capita by the price of a pint (or half-liter) of local beer as served in a tavern or restaurant of the major city. Measured this way I find Lichtenstein is still the richest country on earth, now followed by Saudi Arabia and the Czech Republic. Norway is no longer among the richest countries — beer is expensive there, as is labor. The Czech Republic, normally considered a middle-to-poor country, is number 3 because of the low cost of its excellent beer. The US is several stages down, just below Denmark, and barely above Hungary and Kazakhstan. The socialist countries: Russia, Cuba, and Venezuela are as poor in beer as they are in dollars. Socialism distributes wealth without creating it.

Number of beers one can buy on a month's minimum wage in Europe

Number of beers one can buy on a month’s minimum wage in Europe, by Reddit:adilu.

By now you’re wondering about my use of per-capita GDP. Perhaps a better comparison — one where socialism looks better would involve the minimum wage. At right I show a map of Europe in terms of the number of beers one can buy per month based on 40 hour weeks at the minimum wage. Several countries are greyed out: Italy, Austria, Sweden, Finland, Lichtenstein, etc. These are mostly rich countries bu have no minimum wage. Based on the data, Belgium’s working classes are the best off, with Ireland and England not far behind. Germany’s workers look like they are doing well, but they don’t really have a minimum wage (the chart, by Reddit editor adieu assumes one based on a proposal). The United States’s minimum worker is poorer in beer (327/month) based on a minimum wage of $7.85 and an average cost of beer about $4/pint (bar + supermarket). He is richer than the French, Poles, Italians, Norwegians, Danes, Austrians and Swedes in beer, and better off than the Turks and Russians too. It’s clear that high minimum wages harm community wealth and job prospects. Though some at the bottom of the work scale are left dry at the bar.

Robert Buxbaum, July 18, 2018. I write these blogs to help me think. If you’d like to see more of the wealth of nations in beer, I’ll be happy to provide.

A day of thanksgiving during the civil war

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At the height of the civil war, Abraham Lincoln proclaimed a day of thanksgiving for the last Thursday of November, 1863. It’s the first time Thanksgiving was proclaimed for the date we now keep every year. The war was not going well. The Union defeat at Chickamauga, Sept. 19-20 1863, left 35,000 dead, the bloodiest two days in US history. Most citizens would have called for a day of fasting and prayer, but in Lincoln’s view, things were good, and there was a need for joy and thanksgiving:

“to thank the Almighty God” …for.. “the blessings of fruitful fields and healthful skies… “for peace that…. “has been preserved with all nations.” [That] “harmony has prevailed everywhere except in the theatre of military conflict….  “a day of Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens”…. and for … “the care all those who have become widows, orphans, mourners or sufferers in the lamentable civil strife.”  (see the whole proclamation here.)

A Civil War Thanksgiving. It's fellowship that makes peace possible.

A Civil War Thanksgiving. It’s fellowship that makes peace possible.

His was an interesting view, as important then as now. There is a need to remember that the good we have is more than the bad, and that there is a source of the good. As of today (2015) the economy is good in Michigan and the US. We are at peace with our neighbors and have civil obedience in our streets; we have food on our tables and clothes on our backs. We have cleaner air and cleaner water than in decades, blue skies, and plentiful rain. The ozone hole has shrunk, and global warming seems to have stopped. We have so much food that hardly anyone in our country suffers starvation, but only the hunger for finer, fancy things. We have roads without bandits, lighting at the flip of a switch, water at the turn of a tap, indoor heat, and (for most) indoor cooling in the summer. We have telephone communication, and radio, and television, and music at our fingertips. We have libraries with books, and free childhood education. We have a voice in our government, and information from the far ends of the earth. All these call for joy and thanksgiving.

And we can even find a cause for thanks in the things we don’t have: space travel and the diseases we can’t cure, for example. The things we don’t have provide a reason to wake up in the morning, and a motivation to do great things. We live in a country where we can change things, and it’s nice to know there are things worth changing. For ideas that lack expression, we can provide it. For diseases, we can still search for a cure. For those who lack happiness and friendship, we can help provide both (a joyful celebration is a good occasion to do so). For those who lack a job, we can help. And to those who feel a lack of meaning in life, perhaps the best answer is a celebration to explore the source of all blessings. Let us reach out to “all those who have become widows, orphans, mourners or sufferers.” A lesson Scrooge learned from the ghosts is that joy and generous celebration are self-sustaining and attractive. Let joy and good fellowship extend to all. God Bless us each and every one.

Robert Buxbaum, Detroit, November 18, 2015, The anniversary of Lincoln’s Gettysburg address is tomorrow, Nov. 19th (it wasn’t well received). As for Black Friday shopping, lets not get up from the table of thanks to jostle each other for some useless trinket.