Thursday, December 9, 2010

Record-Breaking Recession

Here's a chart that compares the depth and duration of all of the Post-WWII recessions we've suffered. Clearly, our current woes are far worse than anything we've seen heretofore. Each recession is plotted so that the low point of the recession (maximum job losses) is on the mid-line of the chart:

Ed Morrisey at Hot Air comments:
[The chart] demonstrates the folly of the Obama administration’s insistence that we have been experiencing a recovery and any sort of significant growth in job creation. After hitting the nadir of job losses relative to our peak inter-recession employment, we have essentially flatlined for far longer than any other post-recession period. Nothing in the data shows a hint that we will soon break out of that pattern either, and Ben Bernanke says we’ll probably go four to five more years on this same trajectory.
The only way to achieve recovery is to increase job growth. There are in theory two ways to do that. One is to stimulate it through government spending. The Obama team has tried that, and it hasn't worked. The other is by creating a business climate that will encourage employers to hire and invest. That means cutting taxes and easing stifling regulations on business. This the current administration is ideologically opposed to doing.

The words "tax cut" have the same effect upon them as holding a crucifix up to a vampire has on the vampire. So, unless there's a change of heart in the White House, look for that redline to pretty much stay where it is, and good luck to this year's graduating class.

Morrissey has some insightful things to say about this at the link.

Materialism and the Hard Problem

Michael Posner at The Globe and Mail writes an interesting piece on the current tiff between materialists and non-materialists over thye nature of human consciousness. The materialists believe that consciousness is simply a bunch of chemical reactions in the brain. For instance, Francis Crick, the co-discoverer of the structure of the DNA molecule, says in his 1994 book The Astonishing Hypothesis, that “your joys and your sorrows, your memories and your ambitions, your sense of personal identity and free will are, in fact, no more than the behaviour of a vast assembly of nerve cells and their associated molecules.”

David Chalmers, author of several books on the subject of consciousness, and one of the foremost authorities on the subject, disagrees. He points out that we need to distinguish between what he calls the easy problem and the hard problem of consciousness. Posner explains Chalmers' argument this way:
Easy problems tend to be phenomena that can be explained by computational or neural mechanisms – recoiling from unpleasant odours, for example, or simply declaring “I am hungry” or some other mental state. The hard problem relates to the subjective qualities of human experience.

For instance, let's say you run into your old friend Jack. You register a moment of physical recognition: “Oh, there's old Jack.” But meeting old Jack also may trigger a series of “Jack” memories, emotions and ideas, all percolating more or less simultaneously. You may perceive that Jack has aged and remember how he once looked. You may recall beautiful music that Jack enjoyed, or the brilliant shade of red of the rose in Jack's lapel. The specific presence of Jack, in short, catalyzes the non-specific emergence of a holistic range of associations, drawn from some hidden well of private experience. You and you alone know what it is like to experience this moment of reconnection. It is literally incomparable. “The hard problem is hard,” says Mr. Chalmers, “precisely because … the problem persists even when the performance of all the relevant functions is explained.”

Science can document all the processes involved in vision – electromagnetic waveforms striking the retina and proceeding electrochemically along the optic nerve to the brain's occipital lobe. But where does the felt experience of what is seen – let's say the colour red – come from? Says Mr. Chalmers: “There is an explanatory gap between the functions and experience.”
There's more at the link. The article is a good summary of the differences between those who believe there is more to us than just our material body and those who don't.