Image credit: Screenshot of The Daily Show by Cujo359One of the things that struck me about Jon Stewart's
evisceration of Jim Cramer last week is that in a truly educated society, Cramer would have just been a loudmouthed nobody to begin with, at least based on his work for CNBC. As Stewart demonstrated, he was consistently and sometimes spectacularly wrong about companies that he featured on his show. His
Twenty-Five Rules of investing, while generally sound advice, are mostly the sort of commonsense stuff that no one with a college education should need to buy a book to understand. Yet his
Mad Money books
sold like hotcakes. All Stewart had to do was look at Cramer's past pronouncements on specific stocks, and show the videos in which Cramer basically pooh-poohed any indications of trouble when, in fact, the things were days away from tanking.
Prior to this interview, my only impressions of Cramer came from seeing him on cable TV as I was trying to tune into something that wasn't CNBC. I wondered why anyone would pay attention to him. He struck me as an arrogant man who tended to make his point by belittling or shouting down anyone who disagreed with him. Such people seldom turn out to be thoughtful.
It's no irony that Stewart strikes me as one of those people who, when they were kids, never asked "why do I have to learn this stuff? It's boring!" Of course, it's possible that he did, and he was lucky enough to have known someone like my father at the time.
Yes, I once asked that question. In fairness, I was ten years old at the time. I barely knew what it was I was learning, let alone why. Like most kids, I didn't like learning mathematics. One night, my father collected some of his old engineering and science textbooks together, and showed them to me. As I looked at page after page of incomprehensible equations and tables, he tried to explain, as near as I can remember, that mathematics was one of the tools we need to understand the universe. To truly understand the world, you need to understand math.
You also need math skills to communicate that understanding to others, and you'll need language skills. You need to be able to construct coherent sentences and paragraphs, and string them into coherent lines of reasoning or a sensible story. That's why it's important to learn English, or whatever language you speak.
We seem to be a nation full of people who asked that question, and never got a good answer. A close relative of mine was telling me a story about the place she worked recently. Her company was having some sort of trivia contest. One of the questions was "Who delivered the Gettysburg address?" The company she works for is less than 150 miles from Gettysburg. Believe it or not, surrounded by college-educated people, she was the only one who knew.
Why do you need to learn about history, you might ask? It's just a bunch of facts and dates and stuff. I give you
George Santayana:
Those who cannot remember the past are condemned to repeat it.And, I might add, among the condemned will be those who never learned about it in the first place.
President Lincoln gave
the address weeks after the Battle of Gettysburg. That battle, the largest ever fought in North America, changed the course of the Civil War. Had the Union lost it, we might have become two countries, one that tolerated slavery and one that didn't. Our history since then, with perhaps a quarter of our population and resources gone, would have been very different. We would no doubt have been rivals, assuming that we never got back together. The Monroe Doctrine might have ceased to matter. Our current politics would have been almost unrecognizable, with the remaining United States being a progressive society that would have put Europe and Canada to shame, instead of the other way round. Or, we could have been involved in ruinous wars for the next half century.
Slavery, and the racism it caused, continues to haunt our politics today. It is one of the reasons we have a Senate that is not representative of our populations, and it is one of the reasons that the
filibuster, a device that
often makes our
current Senate ineffectual, has continued as an institution for so long.
Anyone wanting to understand our current political situation needs to understand the results and implications of the Civil War. More than any event after the Revolution, it shaped the country that we are now.
Writers could learn lessons from that speech, too. They could learn that, as one of Shakespeare's characters put it, brevity is the soul of wit. That address, so short in comparison to the other speeches given at the dedication of the cemetery that day, was easily the most memorable. It was memorable mostly because it was able to encapsulate the feeling and hopes of that moment in fewer than three hundred words.
Of course, all one needed to remember to answer that trivia question was that Gettysburg was a major battle of the Civil War, the President gave an address at the cemetery a few weeks later, and that Abraham Lincoln was the President at that time. And yet, it was a poser. Clearly, there are a great many people in this country who don't understand one of the most important events in our country's history.
When I wrote
this article about the causes of the banking crisis, I used mathematics that I learned in high school. Admittedly, the experience of buying a house gave me an insight into the situation, as did some understanding of economics. Nearly every college graduate should have had the economics knowledge, though, and I think that most people who haven't attended college could figure out the basics. They should, at least. Yet this too, seems beyond most peoples' comprehension in America. I've heard and read so much
obvious bullshit being thrown around on this issue that I'd have thought we were discussing
quantum mechanics or brain surgery. There's a considerable amount of special knowledge required to understand a national economy, assuming that anyone actually does. Nevertheless, the facts clearly do not support the idea that this crisis was caused by "sub-prime" mortgages forced on banks by the government. All you have to do is look at
the numbers. Losses from other forms of real estate loans, including so-called "prime" loans, dwarf those from the sub-prime portion, and there are more losses that have little or nothing to do with real estate.
Wonder why you need to learn civics? What's all that stuff about the branches of govenrment, and who cares what
habeas corpus means, anyway? Why should you know what's in
the Bill of Rights?
We've been in a slow slide toward dictatorship for the last ten years or so. The Congress, which is supposed to be an independent part of the government that makes the laws and decides on a budget, has simply ceded that authority to the President. The President, in turn, has decided that he doesn't have to be bound by any of those laws and budget things if he doesn't want to. And
I'm not just talking about the last President, either. We're a few years away, at most a couple of decades away, from having no freedoms worth mentioning, and it's doubtful that most people will have noticed even then.
All those rights that TV cops are always complaining about aren't there to protect criminals. They're there to protect
you from your government. Without those rights, and the rule of law, the government has nearly unlimited resources with which to destroy you or any other person it deems to be a problem. Without representative government, which in our government is Congress, the government will do whatever it feels like, whether or not it's good for the country.
That's why civics is important. If you don't know how your government is supposed to work and why, it will work however it damn well wants to, and it will run right over anyone who gets in its way.
Jim Cramer is certainly a part of the problem, as are the others like him. He justly deserved being humiliated on national TV. His employer, CNBC, must shoulder some of the blame. But in the end, we as citizens bear responsibility as well. When we have had the choice between quality news sources and news shows that are entertaining, we've
chosen the latter far
too often. When faced with
complicated choices, we focus
on irrelevance,
on trivia, and
on nonsense.
People who understand science and statistics wouldn't be
afraid of immunization.
People who understand engineering, construction, and controlled demolitions wouldn't believe that someone
demolished the WTC when it was full of people, and surrounded by people. People who have the least understanding of logic wouldn't have believed that the Clintons had
Vince Foster killed, for that matter.
People who knew as much about biology, chemistry, and physics as I did when I graduated from high school wouldn't
believe in creationism.
People who had some idea that people in the rest of the world have their own concerns and problems wouldn't believe that they award Nobel Prizes on the basis of
what will piss off
our President.
We waste so much time and energy on nonsense that shouldn't even be a consideration that it's no wonder that we don't even pay attention to the stuff that's killing us. If we ever do get around to those issues, people inevitably focus on trying to figure out who sounds the most confident, or who is better dressed, because they have no fucking idea what anyone's talking about. Either that, or the politicians concentrate on speaking in sentence fragments about feelings and "morality", lest anyone be confused.
We can't exist as a nation if the people who vote are as uninformed as this. So I have some advice for all you folks who are wondering how it came to be that guys like Jim Cramer got away with what they did for so long -
get a clue. Cramer got away with it, as has
the news business
in general, because you, collectively at least, were too damn ignorant to figure him out, and because you wanted to be entertained more than you wanted to be informed. The modern world isn't a place for ignoramuses.
And you kids, when you wonder why you have to learn all that seemingly meaningless and difficult stuff, learn it. It's important. You'll find out why later. Plus, you'll be less ignorant and foolish than your parents and grandparents. That alone should make it worth the effort.
