Greetings from 53.5° north latitude, where it was well above freezing today, but of course all that means is that the puddles will freeze overnight. Still very little to show for the week now that I have worked 28 straight days without a break. The fatigue is really becoming a factor. Only a couple articles of note, and a couple beers. Hopefully there is more to report in the upcoming week.
More on Capitalism:
HBR published this article entitled "Is the Business Roundtable Statement Just Empty Rhetoric?" back in August, but it only came to my attention in the last week. I have written about capitalism a number of times on this site. This article highlights a potentially important shift in the ultimate purpose of a corporation. Shareholders have been touted as the primary concern for organizations for nearly fifty years. Shareholder primacy is the cornerstone of neoliberal economics. But now the Business Roundtable is shifting away from shareholder primacy to creating value for all stakeholders. Their one sentence mission statement states the promotion of the (American) economy "through sound public policies".
This would be a significant shift for companies as it would require moving from a short-term to a long-term outlook. A move to focusing on results through sound public policies would force companies to do more than just make money. It would put them on equal footing with society, which of course they are a part of, in finding solutions to today's big issues.
... the world faces enormous, thorny challenges that business is feeling: climate change, growing inequality (and awareness that these CEOs make hundreds of times more than their employees), water and resource scarcity, soil degradation and loss of biodiversity, and more. These issues require systemic efforts, cooperation, and pricing of those “externalities” (like pollution and carbon emissions) that business has been able to push off to society. The current shareholder-obsessed system is not fit for this purpose. Individual profit-maximizing businesses will not be incentivized to tackle shared global challenges.
I'll keep reading more from the Business Roundtable group and will see if they have other information worth reporting.
More on Huawei:
Back in July, I commented on the security threat posed by Huawei and the Macdonald-Laurier Institute's push to socialize that threat. Last week there was an article in the Globe and Mail outlining how Canadian intelligence agencies could not agree on whether to ban Huawei equipment in the upcoming 5G communications networks. The article is unfortunately behind the Globe's paywall,
The article highlights how CSIS wants to ban Huawei while the CSE says "robust testing and monitoring of Huawei's 5G equipment could mitigate potential security risks". Security is not easy. It is a constant battle of detect, respond, change, and repeat. The foes on the Internet are constantly forcing us to adapt and react. Forcing security teams to focus on testing the network infrastructure in addition to all the work that is required to testing what is running on the network is ludicrous. We don't have enough resources to do the work we need to do now. Adding to the workload is a bad idea. I am fully behind the position that CSIS is taking: ban Huawei now.
Two new beers this week. The first was the Sunset Summer Ale from Smithers Brewery. I had their Hudson Bay ISA last week and this ale wasn't quite as good as that one. It had a bit of caramel nuttiness, low carbonation, and a high ABV at 5.5% for an ale. It was good all around but not exceptional.(3.25 / 5) The second was another Backalley Brew from Alley Kat. This was nice and light., with a little zip from some tangy carbonation. Tasty without screaming "pay attention to me". (3.5 / 5) No badges from Untappd this week.
Hello again from 53.5° north latitude. If anyone is in fact reading this, or ever will read this in the future, it will be obvious that this entry is for a two-week period. That is because our family was on the coast for a week, including last Sunday, which is when I typically post these blog entries. To give you an idea of what our vacation was like, the picture below was taken from the north shore of Salt Spring Island, one evening close to sunset.
Salt Spring Island and Edmonton are both in Canada, but in some ways are so far removed from each other to be foreign nations. The Saturday market in Ganges on Salt Spring is quite similar to a Saturday market here, but there are more people selling "natural" remedies that "harness the power of nature", with sellers making statements like "rose resonates with the natural harmonies of love". If the use of quotation marks doesn't make it obvious, these are not ideas that I personally give much credence to. However, there are many people on the island and in streets and shops in Victoria that are more removed from the necessities of commerce and action than myself or the people I typically interact with, while still remaining grounded in a world that I can relate to. One was a metal worker at an outdoor market on Bastion Square in Victoria. We talked to him for quite a while and bought one sculpture and would have purchased several others if the budget would have allowed it. On the back of his business card, he has a quote that I quite liked, and will use it as an anchor in my own life.
The nature of life is a circle. You define the circumference; the centre defines you." -- Mead Simon
Somewhat contrary to expectations, the amount of reading done in the week-long vacation was much lower than usual. I read one novel, finished a short story, and completed a book on philosophy that I started weeks ago.
First off, I finished "On Basilisk Station", which I mentioned in the last entry. It was good, but I remembered too much of it for this re-reading to be special. I originally rated it a 4.0 / 5, but this reading had it at maybe a 3.0 or 3.5 tops. I wonder if my tastes in books has changed in the 15+ years since I read this the first time. If I don't really like the second book in the series, I suspect that is the case.
The short story was "Gods of Risk", which is the second short story in the Expanse series by James S. A. Corey. This was was a lot longer than "The Butcher of Anderson Station", the Expanse short story that I mentioned in the last post, and it probably wasn't as good but was still enjoyable. The best part was how the story wasn't about Gunny Draper, but really it was. Read it to find out what I am. As with "Butcher" it is hard to rate short stories, but I'll say 3.5 / 5, but a stronger 3.5 than "Basilisk".
The greater the scientist, the more he realizes that his laws and labels, descriptions and definitions, are the products of his own thought. They help him to use the world for purposes of his own devising rather than to understand and explain it."
He also rails against the constant need to change, for improving, and going faster. This is probably where the references to the contemporary smart phone era came from. Instead of focusing on how to make the current better, why not focus on the current as it is?
How long have the planets been circling the sun? Are they getting anywhere, and do they go faster and faster in order to arrive? How often has the spring returned to the earth? Does it comes faster and fancier every year, to be sure to be better than last spring, and to hurry on its way to the spring that shall out-spring all springs?"
The journey Watts takes the reader on also addresses human emotion, connection, and love. Love for others, Watts says, can only come when the person understands that it is impossible to love oneself, because to use the words of Watts, there is no "I", there is no separation from "I" and the self.
Everyone has love, but it can only come out when he is convinced of the impossibility and the frustration of trying to love himself. This conviction will not come through condemnations, through hating oneself, through calling self-love all the bad names in the universe. It only comes in the awareness that one has no self to love.
This is a book that will probably gain from occasional re-reads and reflection. I encourage you to read it.
The Huawei Threat:
There is a lot of interest in Huawei around the world, and in my industry it is something that needs to be understood. If equipment from Huawei is in fact being used to capture information and relay it back to China, there is no way it can be trusted to transmit our sensitive information.
There are large national security issues, and there are many political issues that arise from the Huawei situation. It is difficult to wade through the stories to get to a common understanding without facts and without dispelling myths and rumors. The Macdonald-Laurier Institute has written an article and produced an accompanying infographic to help with that.
It is important to do your own research on Huawei and come to your own conclusions if there really is an issue to be concerned with. If you think this won't impact you personally, realize that your next smart phone service will likely be 5G and there is a good chance that it will run at least in part on Huawei equipment. And on a more consumer level, walk by any mobile provider kiosk in your local mall, and see how many of the new phones on display are in fact from Huawei.
On a Lighter Note - Murder Mystery:
"Murder Mystery", the latest Adam Sandler film on Netflix, was pretty enjoyable. It spoofed the classic mystery genre - obviously hated individual is murdered, locked room, everyone with a motive - and added in a classic Sandler sad-sack character, and even threw in a pretty great car chase. Enjoyable stuff if you have 90 minutes and a Netflix subscription.
Only four new words this week, with one being a word I just can't seem to ever grasp.