terribly

Nov 202010
 

The only philosophy which can be responsibly practised in face of despair is the attempt to contemplate all things as they would present themselves from the standpoint of redemption. Knowledge has no light but that shed on the world by redemption: all else is reconstruction, mere technique. Perspectives must be fashioned that displace and estrange the world, reveal it to be, with its rifts and crevices, as indigent and distorted as it will appear one day in the messianic light. To gain such perspectives without velleity or violence, entirely from the felt contact with its objects – this alone is the task of thought.

Minima Moralia, 153. Finale.

Nov 202010
 

The Greek term for “recognition” used in literary criticicm to describe the moment of tragic recognition when a protagonist realizes an important fact or insight about a situation, themselves, or human nature. The term was used by Aristotle in the Poetics where he argued that the ideal moment for anagnorisis in a tragedy is the moment of peripeteia, the reversal of fortune. “Critics often claim that the moment of tragic recognition is found within a single line of text, in which the tragic hero admits to his lack of insight or asserts the new truth he recognizes. This passage is often called the line of tragic recognition.

Nov 202010
 

each man must realize
that it can all disappear very
quickly:
the cat, the woman, the job,
the front tire,
the bed, the walls, the
room; all our necessities
including love,
rest on foundations of sand —
and any given cause,
no matter how unrelated:
the death of a boy in Hong Kong
or a blizzard in Omaha …
can serve as your undoing.
all your chinaware crashing to the
kitchen floor, your girl will enter
and you’ll be standing, drunk,
in the center of it and she’ll ask:
my god, what’s the matter?
and you’ll answer: I don’t know,
I don’t know …

Nov 202010
 

Don’t allow the lucid moment to dissolve
Let the radiant thought last in stillness
though the page is almost filled and the flame flickers
We haven’t risen yet to the level of ourselves
Knowledge grows slowly like a wisdom tooth
The stature of a man is still notched
high up on a white door
From far off, the joyful voice of a trumpet
and of a song rolled up like a cat
What passes doesn’t fall into a void
A stoker is still feeding coal into the fire
Don’t allow the lucid moment to dissolve
On a hard dry substance
you have to engrave the truth

Nov 202010
 

Barry Eichengreen and Kevin O’Rourke provide an interesting economic historical comparison in this blog article, "A Tale of Two Depressions". Yes, things still look serious. Now time will tell whether the stimulus was sufficient or just postponed a day of reckoning. I don’t think that the core issues (bad assets on the books, too big to fail institutions, have been resolved and that optimism is unwarranted.

"To summarise: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30."