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Climbing the Pension Mountain: A Review of Michael Otsuka’s 2020 Uehiro Centre Lecture Series

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Written by Professor Larry Locke (University of Mary Hardin-Baylor and LCC International University)

On three successive Tuesdays last November, Michael Otsuka of the London School of Economics delivered the annual Uehiro Centre Lecture Series.  The Series, entitled “How to Pool Risk Across Generations”, focused on the ethics of pension reform.  Otsuka attacked the real-world problem of low bond yields producing a crisis of pension funding with three alternative models.  Echoing Derek Parfit’s magisterial work, On What Matters, Otsuka presented his proposals as three alternative means for scaling the dangerous summit of pension obligations.

Otsuka’s proposals are important.  Ethics issues rarely come with this much money at stake.  In 2018, the Office of National Statistics published a study showing that UK pension schemes were underfunded by over £5 trillion .  That is an attention-grabbing number but not extraordinary in the context.  The Trustees of the US Social Security system recently published their 2020 report indicating this scheme alone anticipates a shortfall of US$16.8 trillion over the next 75 years.  Like scientists employing standard form when the numbers they use become too large to comprehend, the US Social Security Administration now refers to its shortfall in terms of percentages of total payroll taxes.

The proposals Otsuka has set forth are not amoral financial models.  Each involves shifting risk and responsibility among parties, and sometimes across generations, with diverse arguments as to the fairness of these shifts.  Any resulting pension system’s impact on lifestyles and liberty for workers, employers, and governments may strain the social contract between these groups and set them up for a potential fall.Read More »Climbing the Pension Mountain: A Review of Michael Otsuka’s 2020 Uehiro Centre Lecture Series

Legacies

By Stephen Rainey

Joe Biden won the recent US election. As yet, the normal concession speech from the losing candidate has not been forthcoming. Donald Trump’s actions since losing the presidency have been, well, Trumpian, prompting Biden to label them an ‘embarrassment.’ He also suggested that The Donald was endangering his legacy in not reacting more gracefully. But what use is talk of ‘legacy’? What matters most about it?

It would be easy to ‘Goldwater’ Trump, that is, diagnose some mental incapacity from afar. One could suggest he was ill-equipped to absorb his defeat. He has behaved in ways that could be seen as pathological. Maybe, we might continue, he really doesn’t believe this is the end. If that were the case, there would be no need to consider legacy. It would also be easy to have suspected that, far from sticking around, 45 would flounce out of the White House, his pride wounded. Legacy wouldn’t matter in that case, because the electorate, the people, would have shown themselves to be unworthy, having voted the wrong way. Sad.Read More »Legacies

Some Questions for the University of Oxford about their Covid-19 Advice

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Written by University of Oxford DPhil Student, Tena Thau   Yesterday, Oxford sent out an email to students, informing us that we would be asked to sign this Covid-19 Student Responsibility Agreement, before the start of term in October. The email also linked to some further Covid-19 guidance. Here are some questions that I had,… Read More »Some Questions for the University of Oxford about their Covid-19 Advice

Following the Science Without Forgetting Values

Written by Stephen Rainey

It is presently feared that ‘lockdown’ may be beginning to fray at the edges, as people tire of their restrictions. From the start of the emergency, discussion focussed upon the ability of the public to stay the course where restrictions were at stake. This neatly ignores the public’s being ahead of the government in acknowledging the severity of the situation before the 23rd March announcement to restrict social freedoms. At any rate, concerns over policy effectiveness were addressed through faith in behavioural science (via ‘Behavioural Insights’, née ‘The Nudge Unit’), and communications devices such as the repeated phrase, ‘following the science’.

‘Following the science’ raises reasonable questions including, which science and why? In what sense ‘follow’? To what degree? The idea of creating arguments ‘from science’ for any given policy is presumed sufficient as a motivation, or a reason for citizens to submit themselves to policy demands. However, given the expert basis for these arguments, it is not a safe bet that any given citizen will share the assumptions or knowledge base of the experts, let alone adopt them as straightforward reasons to alter their behaviour. Few people like to be told what to do without at least understanding what is being asked of them and why, so this can be a problem.

Read More »Following the Science Without Forgetting Values

Health vs Choice? The Vaccination Debate.

On Sunday 3 November, OUC’s Dr Alberto Giubilini participated in a debate on compulsory vaccination at 2019 Battle of Ideas Festival (Barbican Centre, London). Chaired by Ellie Lee, the session also featured Dr Michael Fitzpatrick (GP and author, MMR and Autism: what parents need to know and Defeating Autism: a damaging delusion); Emilie Karafillakis (Vaccine Confidence Project); and Nancy McDermott (author, The Problem with Parenting: a therapeutic mode of childrearing).

Read More »Health vs Choice? The Vaccination Debate.

Bad Ads And Stereotypes

Written by Rebecca Brown

In June this year, the Advertising Standards Authority (ASA) brought into effect a ban on harmful gender stereotypes in advertising. In response to public outcry about adverts such as the 2015 ‘Are you beach body ready?’ campaign by Protein World, and growing discomfort with outdated depictions of gender roles in the media, the ASA undertook a project to consider whether existing regulation is fit for purpose. They concluded that “evidence suggests that a tougher line needs to be taken on ads that feature stereotypical gender roles and characteristics, which through their content and context may be potentially harmful to people.” (ASA, 2017: 3)

Read More »Bad Ads And Stereotypes

Criticising Stigma Whilst Reinforcing it: the Case of the Response to CRUK’s Anti-Obesity Campaign

Written by Rebecca Brown

There has been recent concern over CRUK’s (Cancer Research UK) latest campaign, which features the claim ‘obesity is a cause of cancer too’ made to look like cigarette packets. It follows criticism of a previous, related campaign which also publicised links between obesity and cancer. Presumably, CRUK’s aim is to increase awareness of obesity as a risk factor for cancer and, in doing so, encourage people to avoid (contributors to) obesity. It may also be hoped to encourage public support for policies which tackle obesity, pushing the Overton window in a direction which is likely to permit further political action in this domain.

The backlash is mostly focused around the comparison with smoking, and the use of smoking-related imagery to promote the message (there is further criticism of the central causal claim, since it is actually quite difficult to establish that obesity causes cancer). 

Read More »Criticising Stigma Whilst Reinforcing it: the Case of the Response to CRUK’s Anti-Obesity Campaign

‘Now Is Not The Time’: Is It Wrong To Engage In Political Debate Following A Tragedy?

Written by Alexandra Couto and Guy Kahane

In the days following the Stoneman Douglas High School shooting in February 2018, many of the surviving students and staff gathered to demand immediate change to the gun laws that allowed Nicholas Cruz to kill so many of their friends and pupils. Many students held banners on which it was written: “We don’t want your thoughts and condolences, we want policy & change!” Speaking at the rally, teacher Melissa Falkowski said “They say ‘it’s not the time’ — Now is the time! There is no other time!”

Was Melissa Falkowski right? Or is it wrong to engage in political and moral debate so soon after such a tragedy? Should we instead just offer our “thoughts and prayers”, postponing public debate to a later time?Read More »‘Now Is Not The Time’: Is It Wrong To Engage In Political Debate Following A Tragedy?

Entitlement

Written by Stephen Rainey

It is often claimed, especially in heated Twitter debates, that one or other participant is entitled to their opinion. Sometimes, if someone encounters a challenge to their picture of the world, they will retort that they are entitled to their opinion. Or, maybe in an attempt to avoid confrontation, disagreement is sometimes brushed over by stating that whatever else may be going on, everyone is entitled to their opinion. This use of the phrase is highlighted in a recent piece in The Conversation. There, Patrick Stokes writes,

The problem with “I’m entitled to my opinion” is that, all too often, it’s used to shelter beliefs that should have been abandoned. It becomes shorthand for “I can say or think whatever I like” – and by extension, continuing to argue is somehow disrespectful.

I think this is right, and a problem well identified. Nevertheless, it’s not like no one, ever, is entitled to an opinion. So when are you, am I, are we, entitled to our opinion? What does it take to be entitled to an opinion?

Read More »Entitlement

Music Streaming, Hateful Conduct and Censorship

Written by Rebecca Brown

Last month, one of the largest music streaming services in the world, Spotify, announced a new ‘hate content and hateful conduct’ policy. In it, they state that “We believe in openness, diversity, tolerance and respect, and we want to promote those values through music and the creative arts.” They condemn hate content that “expressly and principally promotes, advocates, or incites hatred or violence against a group or individual based on characteristics, including, race, religion, gender identity, sex, ethnicity, nationality, sexual orientation, veteran status, or disability.” Content that is found to fulfil these criteria may be removed from the service, or may cease to be promoted, for example, through playlists and advertisements. Spotify further describe how they will approach “hateful conduct” by artists: 

We don’t censor content because of an artist’s or creator’s behavior, but we want our editorial decisions – what we choose to program – to reflect our values. When an artist or creator does something that is especially harmful or hateful (for example, violence against children and sexual violence), it may affect the ways we work with or support that artist or creator.

An immediate consequence of this policy was the removal from featured playlists of R. Kelly and XXXTentacion, two American R&B artists. Whilst the 20 year old XXXTentacion has had moderate success in the US, R. Kelly is one of the biggest R&B artists in the world. As a result, the decision not to playlist R. Kelly attracted significant attention, including accusations of censorship and racism. Subsequently, Spotify backtracked on their decision, rescinding the section of their policy on hateful conduct and announcing regret for the “vague” language of the policy which “left too many elements open to interpretation.” Consequently, XXXTentacion’s music has reappeared on playlists such as Rap Caviar, although R. Kelly has not (yet) been reinstated. The controversy surrounding R. Kelly and Spotify raises questions about the extent to which commercial organisations, such as music streaming services, should make clear moral expressions. 
Read More »Music Streaming, Hateful Conduct and Censorship