Life and Shares

Life and Shares podcast

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Thinking about investing? Chances are, you’re already playing the game. This new podcast unpicks the share market so you can better understand how the system works.

Did you know that some trading apps use the same psychological tricks as gambling apps? That the big players in financial services can pay to get “privileged access” to the ASX?

Life and Shares is a podcast from The Ethics Centre about the share market. Even if you don’t actively invest, chances are that you are already connected to the share market; as a taxpayer in Australia, a significant amount of your superannuation is already being traded. 

In this four-part series, hosted by The Ethics Centre’s Cris Parker, we’ve assembled people from different industries to help you understand the rules of the game so you can make informed decisions. We’re looking beyond the jargon to unpack how the system works and what ethical issues you could – and should – consider if you decide to play. 

Some may tell you they can pick a winning share. This series unpicks the share market so that you can make decisions you’ll be proud of. 

Available to listen now on Spotify and Apple Podcasts.  

This podcast is presented by The Ethics Centre. Our work is made possible by donations including the generous support of Ecstra Foundation helping to build the financial wellbeing of Australians. This series follows the popular first season, Life and Debt

Life and Shares Podcast Trailer

WHERE TO LISTEN

Whats inside the guide?

EPISODES

EPISODE ONE: PEELING BACK THE LABEL

Let’s break down the jargon: starting with investor classifications.

Did you know that your level of wealth impacts how you can invest in the share market? In this episode, we hear from RMIT Associate Professor Chris Berg who thinks it’s “deeply unethical” that retail investors (‘mum and dad’ investors) don’t have access to the kind of products that rich people do and so are shut out of some of the most lucrative and risky investments… but accountants say there’s a good reason for that.

We also learn about the murky areas of ‘ethical’ and ‘sustainable’ investing and how it differs from ‘responsible’ investing. If an Exchange Traded Fund (ETF) is labelled sustainable, is it irresponsible for it to have a large holding in a fossil fuel company? Is ESG reporting the best way to judge which companies are good to invest in?

GUESTS: 

  • Chris Berg, Associate Professor at RMIT University and Director and Cofounder of the RMIT Blockchain Innovation Hub 
  • Susheela Peres da Costa, Principal at The Stewardship Centre

Listen to Ep 1 on Apple or Spotify now.

EPISODE TWO: WHO'S RUNNING THE SHOW?

If video killed the radio star, have brokerage apps killed the stockbroker? What’s the role of robo-advisers? And how are algorithms shaping the marketplace? 

Did you know that the big players in financial services can pay to get “privileged access” to the ASX? We ask Paul Lajbcygier from the Monash Data Futures Institute, is that fair?

We also hear from UNSW Professor Gigi Foster who thinks greed and profit make the market go round – and that’s not a bad thing. But on the other hand, she acknowledges there’s a growing class of people who don’t work for their wages – they just move their investments around. 

GUESTS: 

      • Gigi Foster, Professor with the School of Economics at the University of New South Wales
      • Paul Lajbcygier, Computation Finance expert at the Monash Data Futures Institute

Listen to Ep 2 on Apple or Spotify now.

EPISODE THREE: IS TRADING GAMBLING?

For the first two months of COVID, nearly 5,000 Australians opened an online trading account… every day. Eighty percent of them lost money.

So, is trading gambling? We speak with a clinical psychologist who’s concerned about the lack of awareness and resources for people addicted to trading. We also speak with co-founder of the International Day Trading Academy Cameron Buchanan, who admits that while trading is gambling, he thinks there’s an essential difference.

GUESTS: 

  • Cameron Buchanan, Co-founder of the International Day Trading Academy
  • Anonymous Guest, Clinical Lead at a gambling treatment centre

Listen to Ep 3 on Apple or Spotify now.

EPISODE FOUR: THE POWER OF PERSUASION

Humans aren’t rational… and yet so much economic modelling assumes we are.  

In this episode, we look at a Canadian experiment that investigated the ‘gamification’ of investment apps… and how one minor tweak to the app saw people increase the number of trades by a whopping 40%.  

We meet behavioural finance specialists Angel Zhong from RMIT University and Ravi Dutta Powell from The Behavioural Insights Team, who explain how cognitive biases impact how we assess risk and make investment decisions. 

GUESTS:  

  • Angel Zhong, Associate Professor of Finance, RMIT University 
  • Ravi Dutta-Powell, Senior Advisor, The Behaviour Insights Team  

Listen to Ep 4 on Apple or Spotify now.


Festival of Dangerous Ideas (FODI)

Catch up on over ten years of bold and challenging ideas from some of FODI's most disruptive thinkers

Since 2009 the Festival of Dangerous Ideas, or FODI to its fans, has curated thought-provoking topics and new approaches to wicked problems. FODI brings to light important conversations that push the boundaries of conventional thought, challenging thinking on some of the most persevering and difficult issues of our time. 

Delve into over 10 years’ worth of dangerous ideas. Hear from our festival alumni – the world’s best experts, innovative thinkers and mischief makers – as they share provocative ideas and conversations that encourage debate and critical thinking. 

It’s time to get uncomfortable… 

Available on Apple, Spotify, or whatever you get your podcasts.

WHERE TO LISTEN


But how do you know? Hijack and the ethics of risk

Hijack, the new Idris Elba-starring miniseries, opens with every airline passenger’s nightmare – a bullet, found in the bathroom of a plane. Within moments, things go from bad to worse.

The ragtag group of heroes, a collection of passengers led by Sam Nelson (Elba), a corporate business negotiator, find themselves in the middle of a hijacking plot, surrounded by criminals, and unable to get help from those down on the ground who, we quickly learn, are ensnared in the plot themselves. 

Such a format is not necessarily new – television and film have been littered with stories of hostile airline takeovers, from the big brash action of Air Force One, to the real-world horror of United 93, a tragic retelling of the 9/11 attacks. But what sets Hijack apart is its rapidly escalating sense of dread. Time and time again, Sam and his fellow passengers are faced with impossible decisions, and time and time again, they are foiled. That opening nightmarish feel only deepens – you know those dreams where everything goes wrong; where you are powerless; where the adversaries keep mounting? That’s key to Hijack’s tone, a story of ever-escalating horrors, through which Sam must try to keep himself – and his ethical code – alive. 

Indeed, this mounting sense of risk means that Hijack poses an interesting question about ethical deliberation under fire. Sam, who is well-versed in negotiation, but not well-versed in negotiation where the stakes are so high, must repeatedly make rapid-fire decisions. Does he send a text to his wife? Does Sam continue his attempted revolt after he discovers that the hijackers know who his family are, and will kill them if anything goes wrong? Does Sam rush the cockpit? And how responsible will he ethically be if he fails? How much blood is on his hands?  

Decision making turned up to 11

The problem of ethical decision-making under fire is essentially the problem of the difference between theory and practice. Sit people down and ask them what the right thing to do is, give them time, don’t hurry them, and psychological studies show that they’ll have a better chance of choosing the ethical answer.  

In a famous experiment known as The Good Samaritan, a group of priests-in-training were told to head across a university campus to deliver a speech on the importance of helping others. Some of these priests were given ample time to make it across the campus; others were told they had to rush. Along their trip, the experimenters planted a person in need – an actor, who feigned being sick, and asked for help. The majority of those priests who had been told they weren’t in a rush stopped to help. But the priests who had to move fast, and were stressed and distracted, largely ignored the actor – even though they were literally on their way to give a speech on how to care for their fellow human beings. 

The experiment shows that the more that pressure increases – particularly time pressure – the less likely we are to do the right thing. Which poses a significant problem for ethical training. How can you fight against the forces of a chaotic world?

Philosopher Iris Murdoch was aware of the everyday pressures that we meet constantly. For that reason, she considered ethical training a process which prepares us to act unthinkingly. The more we make the right decisions when we do have time, the more likely we are to shape our instincts to be more ethical, and therefore act virtuously when we don’t have time. In this way, Murdoch collapses theory into practice, treating them not as divorced from one another, but with theory informing practice. 

Which is a view that Hijack supports. Sam’s cushy day job has given him an unusual set of skills that he himself didn’t even realise that he had. All that work he conducted for years? It was training for this moment. 

Sam (Idris Elbra) in Hijack, Apple TV

The ethics of risk

A related issue pertaining to theory and practice is the unknowability of the future. Thought experiments and ethical dilemmas conducted theoretically can have clear right or wrong answers, based on outcomes. But when we’re actually moving through the world, we’re blind to these outcomes. More often than not, we’re stumbling through the ethical world, making decisions based on the hope that things will work out, but never actually knowing if they will. 

This is the ethics of risk, extensively covered by the philosopher Sven Ove Hansson. According to Hansson, “risk and uncertainty are such pervasive features of practical decision-making that it is difficult to find a decision in real life from which they are absent.”  

Hansson’s solution to this problem is to consider “fair exchanges of risk.” He forgoes the idea that we will never be perfect moral creatures. Because the world is uncertain, we can only ever move towards good ethical actors. There’s no way that we can ever always do the right thing, and nor should we expect ourselves to. Instead, we must try. That is the important part. 

So it goes in Hijack. Sam is a flawed main character, who frequently makes errors while trying to save those around him. But we, as audience members, forgive him for this. We don’t judge him for the plans that fail. We see his movement towards good behaviour, and that’s what matters. 

In that way, we can also see theory and practice moved out of contention with each other. Theory is the goal; practice is the action. We’ll never live in a fully theoretic state. But what Hijack tells us, is in the face of that impossibility, we should not throw up our hands. We should instead keep moving towards theory – a spot on the horizon that is forever escaping us, but that we never stop chasing. 


The Bear and what it means to keep going when you lose it all

Fittingly, for a show set in the brutal, immediate environment of a commercial kitchen, The Bear opens with a brutal, immediate metaphor for grief.

In the opening scene of the show, Carmy (Jeremy Allen White) traverses a bridge in the middle of the night. We know nothing of this man yet. He moves fearfully, slowly. And in a moment, we see why – there’s a vicious bear across from him, reared up and snarling, and Carmy is desperately, fearfully trying to placate it. 

Within an episode, the symbolism is obvious. The bridge represents what we will soon come to see as an uncomfortable, dangerous transition Carmy has been thrust into – he has left behind a world of chef superstardom, in order to take over ownership of the middling sandwich shop left to him after the suicide of his brother. And the bear? It is the manifestation of the grief he has been left with; this terrible, unpredictable thing, that he has no idea how to confront, or how to contain. 

On its surface, The Bear is about kitchen life. It nails perfectly the stress; the heat; the ugly mechanics of what goes into our food. Anthony Bourdain was right – when you eat out, and get served a dish on a perfectly clean plate, what you haven’t seen is the often literal blood, sweat, and tears that produces it. The Bear spends its two seasons documenting those bodily fluids in sometimes gratuitous detail.  

But as its opening scene establishes, what The Bear is really about is untethering. More specifically, the way that grief untethers – the way it throws us back into a world we thought we knew but is now suddenly unfamiliar to us, as we stand under its hot kitchen lights, naked and afraid.  

What grief does to us

Carmy is a man with his own dark past. In flashbacks, we see him abused by kitchen bosses. We learn more about Michael, his dead brother, who struggled with addiction. And, drip by drip, we learn about the family dynamics and pressures that made Michael both who he was, and who he died as, and who Carmy once was.  

Sydney (Ayo Edebiri) and Carmy (Jeremy Allen White), Hulu

What we also learn is the way that grief can provide a sort of brutal reset of personhood. When we lose someone close to us – whether it be a family member, as in the case of Carmy, or a lover, or a friend – we speak often of losing something of ourselves too.  

This cuts to the beauty of human interaction – something that the philosopher Derek Parfit often wrote about. Love, be it familial, platonic, or romantic, erodes the boundaries between the self and other. Our natural inclination as humans to learn about each other, to take on the cares and emotional states of those close to us, to constantly empathise and put ourselves in other’s shoes, makes us less like distinct individual entities, and more like what the philosopher Anette Baier once called “heirs and successors to those that we care about.” 

This is beautiful, yes, but it also makes us deeply vulnerable. It means that death and suicide doesn’t just have the power to remove one human being from the world. It means that death and suicide has the power to remove part of us as well. 

The philosopher Bryanna Moore has written about this in her paper ‘The Three Moral Dimensions of Grief.’ Moore understands human beings as relationally defined. She takes a sort of refined, tweak “no self” view of personal identity. On her reading, we are not hermetically sealed entities, with some stable, unchanging identity. We are who we are because of who we love, hate, and spend time with.  

So for Moore, grief “reveals something vital about the way in which we relate to ourselves around us.” When Carmy loses Michael, he is forced into what Moore calls “a powerful reassessment and reevaluation of the self’s relation to the world.” This explains in great part why Carmy decides to take on Michael’s restaurant. It’s not just guilt that makes him want to help the brother who he could not help in life. It’s that he now no longer knows who he is. He is fresh and untethered. There is a gap, where Michael once was, but there’s also a gap where Carmy once was. 

The moral value of grief

Robert C. Soloman, another philosopher who has written extensively about grief, argues in tandem with Moore that grief’s power to untether us makes it, to some extent, “morally excellent.” Soloman starts with the idea that grief is morally obligatory. As in, if someone we care about dies, and we do not grieve, then we have done something immoral – we have failed in some way. Grief is a necessity; it isn’t just some replacement of the love we once felt towards the departed, it is that love, taking on a new form. 

For Soloman, the excellence comes from the way that grief represents an “emotional process.” It’s not just a feeling, a discrete emotional state that comes over us. It’s something that builds, grows and changes. This, we quickly find, is true with Carmy. We see him move constantly through different stages and states of grief, at times anger, at other times remorseful; always on the move, and always finding himself plunged into new emotions. 

As to what kind of process grief is, it’s one of reconstruction. When we are untethered by loss, we are then forced to get to work on rebuilding ourselves. Grief heightens and sharpens us, makes us present in activities and choices. Carmy finds himself suddenly lit up by chefing in a way that he has not been before, dealing with the chaos of his new restaurant, but immersed in it, and learning new things about himself as a result. 

It’s Moore who points out that rebuilding oneself need not always be positive, or moral. After all, there are many people who respond to traumatic events by becoming a new type of person, but a worse one – meaner, angrier, less forgiving. Grief gives us a blank slate, and it’s up to us what we then build on top of that slate.  

The goodness of grief, then, comes from the way that it makes us present; intentional. So often we move through life making choices passively; letting things happen to us. When we are left with nothing, and we must rebuild, every choice becomes heightened – we become aware of them, in a way that we were not before.

Grief can wake us up from a stupor, shake us out of immoral patterns that we did not even realise that we had fallen into.

This, we see, happen with Carmy. Slowly, sure. He makes mistakes. He hurts others. He fails. But he is, after his hard reset, aware. Paradoxically – beautifully – a death has made him, quite to his surprise, suddenly and thrillingly alive. In that way, Michael’s passing wasn’t just a loss. It was, against the odds, a gift. And there is beauty in the way that Carmy takes it in his pale, open hands. 


Barbie and what it means to be human

It was with a measure of apprehension that I recently travelled to the cinema to watch Greta Gerwig’s Barbie.

I was conscious of being an atypical audience member – with most skewing younger, female and adorned in pink (I missed out on all three criteria). However, having read some reviews (both complimentary and critical) I was expecting a full-scale assault on the ‘patriarchy’ – to which, on appearances alone, I could be said to belong.  

Warning: This article contains spoilers for the film Barbie 

However, Gerwig’s film is far more interesting. Not only is it not a critique of patriarchy as a singular evil, but it raises deep questions about what it means to be human (whatever your sex or gender identity). And it does this all with its tongue firmly planted in the proverbial cheek; laughing not only at the usual stereotypes but, along the way, at itself. 

The first indication that this film intends to subvert all stereotypes comes in the opening sequence – an homage to the beginning of Stanley Kubrick’s iconic film, 2001: A Space Odyssey. Rather than encountering a giant black ‘obelisk’ that reorients the history of humankind, a group of young girls wake to find a giant Margot Robbie looming over them in the form of ‘Stereotypical Barbie’. Until that time, the girls have been restricted to playing with baby dolls and learning the stereotypical roles allotted to women in a male-dominated world. 

Barbie (Margot Robbie). Warner Bros. Pictures

What happens next is instructive. Rather than simply putting aside the baby dolls in favour of the new adult form represented by Barbie, the girls embark on a savage work of destruction. They dismember the baby dolls, crush their skulls, grind them into the dirt. This is not a gentle awakening into something that is more ‘pure’ than what came before. From the outset, we are offered an image of humanity that is not one in which the divide between ‘good’ and ‘bad’, ‘dominant’ and submissive’, ‘peaceful’ and ‘violent’ is neatly allocated in favour of one sex or another. Rather, virtues and vices are shown to be evenly distributed across humanity in all its variety. 

That the violent behaviour of the little girls is not an aberration is made clear later in the film when we are introduced to ‘Weird Barbie’. She lives on the margins of ‘Barbieland’ – both an outcast and a healer – whose status has been defined by her broken (imperfect) condition. The damage done to ‘Weird Barbie’ is, again, due to mistreatment by a subset of girls who treat Barbie in the same way depicted in the opening scenes. Then there is ‘Barbieland’ itself – a place of apparent perfection … unless you happen to be a ‘Ken’. Here, the ‘Patriarchy’ has been replaced by a ‘Matriarchy’ that is invested with all of the flaws of its male counterpart. 

In Barbieland, Kens have no status of their own. Rather, they are mere cyphers – decorative extensions of the Barbies whom they adorn. For the most part, they are frustrated by, but ultimately accepting of, their status. The conceit of the film is an obvious one: Barbieland is the mirror image of the ‘real world,’ where patriarchy reigns supreme. Indeed, the Barbies (in all their brilliant variety) believe that their exemplary society has changed the real world for the better, liberating women and girls from all male oppression.  

Alas, the real world is not so obliging – as is soon discovered when the two worlds intersect. There, Stereotypical Barbie (suffering from a bad case of flat feet) and Stereotypical Ken are exposed to the radically imperfect society that is the product of male domination. Much of what they find should be familiar to us. The film does a brilliant job of lampooning what we might take for granted. Even the character of male-dominated big business comes in for a delightful serve. The target is Mattel (which must be commended for its willingness to allow itself to be exposed to ridicule – even in fictional form). 

Unfortunately, Ken (played by Ryan Gosling) learns all the wrong lessons. Infected by the ideology of Patriarchy (which he associates with male dominance and horse riding) he returns to Barbieland to ‘liberate’ the Kens. The contagion spreads – reversing the natural order; turning the ‘Barbies’ into female versions of the Kens of old.  

Fortunately, all is eventually made right when Margot Robbie’s character, with a mother and daughter in tow, returns to save the day.  

Ken (Simu Liu), Barbie (Margot Robbie) and Ken (Ryan Rosling). Warner Bros. Pictures

But the reason the film struck such a chord with me, is because it raises deeper questions about what it means to be human. 

It is Stereotypical Barbie who finally liberates Stereotypical Ken by leading him to realise that his own value exists independent of any relationship to her. Having done so, Barbie then decides to abandon the life of a doll to become fully human. However, before being granted this wish by her creator (in reality, a talented designer and businesswoman of somewhat questionable integrity) she is first made to experience what the choice to be human entails. This requires Barbie to live through the whole gamut of emotions – all that comes from the delirious wonder of human life – as well as its terrors, tragedies and abiding disappointments. 

This is where the film becomes profound.

How many of us consciously embrace our humanity – and all of the implications of doing so? How many of us wonder about what it takes to become fully human? Gerwig implies that far fewer of us do so than we might hope.

Instead, too many of us live the life of the dolls – no matter what world we live in. We are content to exist within the confines of a box; to not think or feel too deeply, to not have our lives become more complicated as when happens when the rules and conventions – the morality – of the crowd is called into question by our own wondering. 

Don’t be put off by the marketing puffery; with or without the pink, this is a film worth seeing. Don’t believe the gripes of ‘anti-woke’, conservative commentators. They attack a phantom of their own imagining. This film is aware without being prescriptive. It is fair. It is clever. It is subtle. It is funny. It never takes itself too seriously. It is everything that the parody of ‘woke’ is not. 

It is ultimately an invitation to engage in serious reflection about whether or not to be fully human – with all that entails. It is an invitation that Barbie accepts – and so should we. 


The terrible ethics of nuclear weapons

“I have blood on my hands.” This is what Robert Oppenheimer, the mastermind behind the Manhattan Project, told US President Harry Truman after the bombs he created were dropped on Hiroshima and Nagasaki killing over an estimated 226,000 people.

The President reassured him, but in private was incensed by the ‘cry-baby scientist’ for his guilty conscience and told Dean Acheson, his Secretary of State, “I don’t want to see that son of a bitch in this office ever again.”  

With the anniversary of the bombings this week while Christopher Nolan’s Oppenheimer is in cinemas, it is a good moment to reflect on the two people most responsible for the creation and use of nuclear weapons: one wracked with guilt, the other with a clean conscience. 

Who is right? 

In his speech announcing the destruction of Hiroshima and Nagasaki, Truman provided the base from which apologists sought to defend the use of nuclear weapons: it “shortened the agony of war.”  

It is a theme developed by American academic Paul Fussell in his essay Thank God for the Atom Bomb. Fussell, a veteran of the European Theatre, defended the use of nuclear weapons because it spared the bloodshed and trauma of a conventional invasion of the Japanese home islands.  

Military planners believed that this could have resulted in over a million causalities and hundreds of thousands of deaths of service personnel, to say nothing of the effect on Japanese civilians. In the lead up to the invasion the Americans minted half a million Purple Hearts, medals for those wounded in battle; this supply has lasted through every conflict since. We can see here the simple but compelling consequentialist reasoning: war is hell and anything that brings it to an end is worthwhile. Nuclear weapons, while terrible, saved lives.  

The problem is that this argument rests on a false dichotomy. The Japanese government knew they had lost the war; weeks before the bombings the Emperor instructed his ministers to seek an end to the war via the good offices of the Soviet Union or another neutral state. There was a path to a negotiated peace. The Allies, however, wanted unconditional surrender.  

We might ask whether this was a just war aim, but even if it was, there were alternatives: less indiscriminate aerial attacks and a naval blockade of war materials into Japan would have eventually compelled surrender. The point here isn’t to play at ‘armchair general’, but rather to recognise that the path to victory was never binary.  

However, this reply is inadequate, because it doesn’t address the general question about the use of nuclear weapons, only the specific instance of their use in 1945. There is a bigger question: is it ever ethical to use nuclear weapons. The answer must be no.  

Why? 

Because, to paraphrase American philosopher Robert Nozick, people have rights and there are certain things that cannot be done to them without violating those rights. One such right must be against being murdered, because that is what the wrongful killing of a person is. It is murder. If we have these rights, then we must also be able to protect them and just as individuals can defend themselves so too can states as the guarantor of their citizen’s rights. This is a standard categorical check against the consequentialist reasoning of the military planners.  

The horror of war is that it creates circumstances where ordinary ethical rules are suspended, where killing is not wrongful.

A soldier fighting in a war of self-defence may kill an enemy soldier to protect themselves and their country. However, this does not mean that all things are permitted. The targeting of non-combatants such as wounded soldiers, civilians, and especially children is not permitted, because they pose no threat.   

We can draw an analogy with self-defence: if someone is trying to kill you and you kill them while defending yourself you have not done anything wrong, but if you deliberately killed a bystander to stop your attacker you have done something wrong because the bystander cannot be held responsible for the actions of your assailant.   

It is a terrible reality that non-combatants die in war and sometimes it is excusable, but only when their deaths were not intended and all reasonable measures were taken to prevent them. Philosopher Michael Walzer calls this ‘double intention’; one must intend not to harm non-combatants as the primary element of your act and if it is likely that non-combatants will be collaterally harmed you must take due care to minimise the risks (even if it puts your soldiers at risk).  

Hiroshima does not pass the double intention test. It is true that Hiroshima was a military target and therefore legitimate, but due care was not taken to ensure that civilians were not exposed to unnecessary harm. Nuclear weapons are simply too indiscriminate and their effects too terrible. There is almost no scenario for their use that does not include the foreseeable and avoidable deaths of non-combatants. They are designed to wipe out population centres, to kill non-combatants. At Hiroshima, for every soldier killed there were ten civilian deaths. Nuclear weapons have only become more powerful since then.  

Returning to Oppenheimer and Truman, it is impossible not to feel that the former was in the right. Oppenheimer’s subsequent opposition to the development of more powerful nuclear weapons and support of non-proliferation, even at the cost of being targeted in the Red Scare, was a principled attempt to make amends for his contribution to the Manhattan Project.  

The consequentialist argument that the use of nuclear weapons was justified because in shortening the war it saved lives and minimised human suffering can be very appealing, but it does not stand up to scrutiny. It rests on an oversimplified analysis of the options available to allied powers in August 1945; and, more importantly, it is an intrinsic part of the nature of nuclear weapons that their use deliberately and avoidably harms non-combatants. 

If you are still unconvinced, imagine if the roles were reversed in 1945: one could easily say that Sydney or San Francisco were legitimate targets just like Hiroshima and Nagasaki. If the Japanese dropped an atomic bomb on Sydney Harbour on the grounds that it would have compelled Australia to surrender thereby ending the “agony of war”, would we view this as ethically justifiable or an atrocity to tally alongside the Rape of Nanking, the death camps of the Burma railroad, or the terrible human experiments conducted by Unit 731? It must be the latter, because otherwise no act, however terrible, can be prohibited and war truly becomes hell. 


What is all this content doing to us?

Three years ago, the eye-wateringly expensive television show See aired. Starring Jason Momoa, the budget for the show tapped out at around a million dollars per episode, a ludicrous amount of money even in today’s age. 

As to what See is about – well, that’s not really worth discussing. Because chances are you haven’t seen it, and, in all likelihood, you’re not going to. What matters is that this was a massive piece of content that sank without a single trace. Ten years ago, a product like that would have been a big deal, no matter whether people liked it or not. It would have been, regardless of reception, an event. Instead, it’s one of a laundry list of shows that feel like they simply don’t exist. 

This is what it means to be in the world of peak content. Every movie you loved as a kid is being rebooted; every franchise is being restarted; every actor you have even a passing interest in has their own four season long show. 

But what is so much content doing to us? And how is it affecting the way we consider art? 

The tyranny of choice

If you own a television, chances are you have found yourself parked in front of it, armed with the remote, at a complete loss as to what to watch. Not because your choices are limited. But because they are overwhelmingly large. 

This is an example of what is known as “the tyranny of choice.” Many of us might believe that more choice is necessarily better for us. As the philosopher Renata Salecl outlines, if you have the ability to choose from three options, and one of them is taken away, most of us would assume we have been harmed in some way. That we’ve been made less free. 

But the social scientists David G. Myers and Robert E. Lane have shown that an increase in choice tends to lead to a decrease in overall happiness. The psychologist Barry Schwartz has explained this through what he understands as our desire to “maximalise” – to get the best out of our decisions. 

And yet trying to decide what the best decision will be takes time and effort. If we’re doing that constantly, forever in the process of trying to analyse what will be best for us, we will not only wear ourselves down – we’ll also compare the choice we made against the other potential choices we didn’t take. It’s a kind of agonising “grass is always greener” process, where our decision will always seem to be the lesser of those available. 

The sea of content we swim in is therefore work. Choosing what to watch is labour. And we know, in our heart of hearts, that we probably could have chosen better – that there’s so much out there, that we’re bound to have made a mistake, and settled for good when we could have watched great. 

The big soup of modern life

When content begins to feel like work, it begins to feel like… well, everything else. So much of our lives are composed of labour, both paid and unpaid. And though art should, in its best formulation, provide transcendent moments – experiences that pull us out of ourselves, and our circumstances – the deluge of content has flattened these moments into more capitalist stew.  

Remember how special the release of a Star Wars movie used to feel? Remember the magic of it? Now, we have Star Wars spin-offs dropping every other month, and what was once rare and special is now an ever-decreasing series of diminishing returns. And these diminishing returns are not being made for the love of it – they’re coming from a cynical, money-grubbing place. Because they need to make money, due in no small part to their ballooning budgets, they are less adventurous, rehashing past story beats rather than coming up with new ones; playing fan service, instead of challenging audiences. After all, it’s called show business for a reason, and mass entertainment is profit-driven above all else, no matter how much it might enrich our lives. 

This kind of nullifying sameness of content, made by capitalism, was first outlined by the philosophers Theodor Adorno and Max Horkheimer. “Culture now impresses the same stamp on everything,” they wrote in Dialectic of Enlightenment. “Films, radio and magazines make up a system which is uniform as a whole and in every part.” 

Make a choice

So, what is to be done about all this? We obviously can’t stop the slow march of content. And we wouldn’t even want to – art still has the power to move us, even as it comes in a deluge.  

Of course, being more aware of what we consume, and when we consume it, and why won’t stop capitalism. But it will change our relationship with art.

The answer, perhaps, is intentionality. This is a mindfulness practice – thinking about what we’re doing carefully, making every choice with a weight and thrust. Not doing anything passively, or just because you can. But applying ourselves fully to what we decide, and accepting that is the decision that we have made.  

The filmmaker Jean-Luc Godard once said that at the cinema, audience goers look up, and at home, watching TV, audience goers look down. As it turns out, we look down at far too much these days, regardless of whether we’re at home or in the cinema. We take content for granted; allow it to blare out across us; reduce it to the status of wallpaper, just something to throw on and leave in the background. It becomes less special, and our relationship to it becomes less special too. 

The answer: looking up. Of course, being more aware of what we consume, and when we consume it, and why won’t stop capitalism. But it will change our relationship with art. It will make us decision-makers – active agents, who engage seriously with content and learn things through it about our world. It will preserve some of that transcendence. And it will reduce the exhausting tyranny of choice, and make these decisions feel impactful. 


Beyond cynicism: The deeper ethical message of Ted Lasso

A truly ethical life requires that we let go of cynicism and strive for a better world.

Long after we’ve forgotten the gags, the on- and off-field shenanigans, and even most of the characters’ names, I suspect we’ll still remember how watching Ted Lasso made us feel.  

That’s what makes this American sitcom about an endlessly optimistic NFL coach making the most of an English football team so remarkable today. It’s a show that subverts our expectations about what a typical TV show is all about. Instead of commenting on the ills of the world, or just making fun of them, Ted Lasso – both the character and the show – is devoid of cynicism. 

Besides being a refreshing break from the bleak TV that populates our streams, there’s an important ethical message lurking behind Ted’s blunt moustache: in order to become better people and make the world a better place, we need to let go of cynicism. 

Cynicism is rife these days. Largely for good reason. It’s easy to feel overwhelmed at the sheer number and scale of the problems we face today. And it’s easy to lapse into despondency when those in power repeatedly fail to address them. Add to this the increasingly polarised political atmosphere, and the growing sense that the “other side” is not just wrong but is morally bankrupt, and it’s easy to lose faith in human goodness altogether. 

Given that popular storytelling is often a reflection of the time we’re living in, it’s no coincidence that it, too, has given over to cynicism. Series like Game of Thrones, White Lotus, Succession, House of Cards and Curb Your Enthusiasm depict duplicitous individuals who are far more consumed by expanding their power and/or covering up their insecurities than changing the world for the better or lifting up those around them.  

We relate to these shows. We love to hate the Machiavellian villains. But this kind of storytelling comes at a moral cost. When art only acts as an exaggerated mirror, and only reflects back the worst of our nature, it’s no wonder that we have come to regard any magnanimous gesture with suspicion and any appeal to right the world’s wrongs as being naïve or in vain.  

This is the heart of cynicism: a fundamental lack of faith in others’ intentions, an abandonment of hope that the world can be made better, as well as a tacit acknowledgement that we’re powerless to fix any of this ourselves. 

Coach Beard (Brendan Hunt), Ted Lasso (Jason Sudeikis), Roy Kent (Brett Goldstein) and Nathan Shelley (Nick Mohammed) in Ted Lasso. Image from Apple TV.

The first Cynical age

Cynicism is not unique to our time. There have been other cynical ages, including the one in which the term was coined.  

In the late fourth century BCE, corresponding with the rise to power of Alexander of Macedon, Greece also slipped into an age of cynicism. Prior to Alexander, Greece was a land of innovation, progress and (at least for a certain class of Greeks) seemingly boundless possibilities, driven by greater political participation by the people in city states like Athens.  

Greek philosophy in the times before Alexander reflected that sense of empowerment and optimism. Thinkers from Pythagoras to Plato debated topics like justice, love, virtue and how to build the perfect state. They acknowledged human failings, but they believed we could – and should – rise above them.  

But when Alexander and his successors shifted political power from individuals to concentrate it in the hands of a glory-seeking elite, philosophy shifted also. As Bertrand Russell put it in his History of Western Philosophy, philosophers “no longer asked: how can men create a good State? They asked instead: how can men be virtuous in a wicked world, or happy in a world of suffering?” 

During this post-Classical era, four main schools of thought emerged from Greek thinkers, each with its own spin on how to cope in a corrupt world. Epicurus taught that happiness comes from diminishing our desires and learning to accept mortality. The Stoics believed that liberation from suffering came from within, cultivated by personal wisdom and self-control. The Sceptics gave up on the idea of truth altogether. And the Cynics – from whom we get the modern term – rejected all social conventions, including wealth, status or even basic material goods, in favour of living in accordance with raw nature.  

It’s probably no coincidence that during our own time, when many of us feel a growing sense of powerlessness to fix the world’s ills, utopian visions have given way to a resurgence of these views. Indeed, Stoicism is undergoing a boom today. It seems many of us have given up trying to change the world for the better. Instead, we’re trying to adapt ourselves to cope with the way it is. 

In walks Ted

Ted Lasso represents the peak in a growing trend against cynicism in media, the vanguard of which were Parks and Recreation, Schitt’s Creek and The Good Place. These are shows that subvert the typical formula of modern storytelling. Instead of depicting exaggerated versions of people at their worst, they show us exaggerated versions of people at their best. They tell stories where virtues like positivity, charity and forgiveness are not weaknesses that will be exploited by others but are strengths that help overcome the challenges we face. 

That takes courage on behalf of the showrunners. It risks people dismissing uncynical shows as being unrealistic. And of course they are unrealistic, but no more so than the cynical series. But where many shows today are purely about illuminating and critiquing the ills of the world, they have little interest in offering solutions. Non-cynical shows, on the other hand, accept the critique has been made but offer us something ambitious to aim for. 

Keeley Jones (Juno Temple) and Rebecca Welton (Hannah Waddingham) in Ted Lasso. Image from Apple TV.

Ethics requires moral imagination, which is the ability to picture the full range of possible choices open to us. And cynicism kills moral imagination. As author Sean P. Carlin puts it, “the stories we tell about the world in which we live are only as aspirational—and inspirational—as the moral imagination of our storytellers.” 

Ted Lasso expands our moral imagination. Instead of dismissing people as only being self-interested or cruel, we can picture them as struggling with their own demons and offer them help.

Rather than only seeing the bleakest version of our future, moral imagination encourages us to see the world we want to live in and work towards making it happen, not ignoring the challenges we face but motivating us to overcome them.

While Ted Lasso is paradigmatically non-cynical in the modern sense, there is an interesting hint of the original philosophical Cynicism in the character of Ted. Like Diogenes, the paragon of Cynicism in the ancient world, Ted rejects the conventional metrics of success defined by the society around him. He’s uninterested in wealth or status, and justice to him means more than revenge. He repeatedly, and seemingly authentically, asserts that it’s not winning or losing that matters to him, it’s helping his players be the best versions of themselves they can be.  

He also goes through his own arc to embrace another aspect of ancient Cynicism: shamelessness. The Cynics believed that conventions and social norms were bunk. Thus, they felt no shame, because they felt no discomfort in violating social expectations that they dismissed as vacuous. Likewise, Ted goes through his own journey with his anxiety, eventually opening up about it and demonstrating his contempt for norms that would shame him for it. 

But Ted Lasso also transcends ancient Cynicism, just as it illustrates a better path than ancient Stoicism. It’s not just about how individuals can come to thrive by learning to cope in a disappointing world. It’s about how assuming the worst about others, and falling into the trap of suspicion and defensiveness, contributes to making the world even more disappointing. 

Ted Lasso is not just entertaining. It carries an important ethical message about the virtue of releasing ourselves from cynicism. Yes, it’s unrealistic, but it reminds us that it’s worth having something to aim for, even if it’s likely to forever remain just out of reach. 


I'm really annoyed right now: 'Beef' and the uses of anger

Beef, the acclaimed new Netflix show, starts with an incident of one of the most commonplace examples of extreme emotion in our society – road rage.  

We’ve all been there. You’re having a bad day. Or, if you’re the two heroes of Beef, a bad life – Danny (Steven Yeun), is a frustrated contractor, has sailed from one disappointment to the next, while Amy (Ali Wong), has big dreams that she can’t quite seem to realise. In another life, these two might have joined forces to combat the stresses that seem ready to swallow them whole. Instead, Danny almost runs into Amy in a brutalist parking lot. 

Rather than either of them letting this go, the pair escalate their titular beef. They swear at one another. They make threatening motions with their cars. And then, before they know it, they’re all-out-furious, embroiled in a comically overblown chase sequence on the highway. 

And it doesn’t end there, either. After this one act of aggression, Danny and Amy become locked in a series of escalating vengeful manoeuvres, from pissing on each other’s bathroom floors to all-out violence. It’s one incident of rage that ruins both of their lives. And, most troubling of all, Danny and Amy seem to love their fury. They embrace it totally, even as houses burn to the ground around them. 

Danny (Steven Yeun), Beef, Netflix

The consequences of anger

Clearly, Beef tells us that anger has the ability to escalate – that it’s an emotional state that can start minor, and then, if we don’t do anything about it, has the power to totally consume us. As Jennifer S. Lerner and Larissa Z. Tiedens note in their paper Portrait of the Angry Decision Maker, anger has “uniquely captivating properties” – if we’re not careful, it’ll make us one-track minded.  

It’s partially for this reason that anger is often viewed as a “negative” emotion, one we would do better without. As philosophers Paul Litvak, Jennifer Lerner, and Larissa Z. Tiedens point out in their paper Fuel In The Fire, “anger makes people indiscriminately punitive, indiscriminately optimistic about their own chances of success, careless in their thought, and eager to take action.”  

The angry person is not typically viewed as the one in the best place to make judgements. The angry person can act, as Danny and Amy do, irrationally, frequently moving against their own best interests. How many people have we all met whose rage has made them ruin a relationship that they value, or get themselves in trouble at work?  

Amy (Ali Wong), Beef, Netflix

Much therapeutic practice is designed to eradicate negative emotions. Psychological practices like DBT (Dialectical Behaviour Therapy) encourage patients to rid themselves of anger, so that they might think clearly. This follows a version of the model of emotions favoured by the stoics. Marcus Aurelius, a Roman emperor and key proponent of the Stoic model, once wrote, “A real man doesn’t give way to anger and discontent, and such a person has strength, courage, and endurance—unlike the angry and complaining.” 

On this model of emotional regulation, the right thing to do is take anger as a kind of emotional data, process it, wait for it to pass, and then act. Not out of anger. Deciding what to do only when calm.  

What anger does

We might be quick to assume, like the Stoics, that anger is something to always be avoided. But in doing so, we ignore the way anger gets things done. Consider the anger at the heart of key civil rights movements from across the years. “If you’re not angry, you’re not paying attention,” has been a rallying cry used for everything from the fight for feminist rights, to the struggle against racism. There are clearly injustices that we are right to feel angry about. 

In fact, dismissing someone’s concerns because they are angry has sometimes been used to try and deflate moves towards equality. Suffragettes, for instance, were often painted by the press as “hysterical” and out of control, their righteous fury seen as cause to eradicate their movements. 

Moreover, anger has uniquely focusing effects. We see this in Beef. Before they almost crash into each other, Danny and Amy are aimless, buffeted around by forces bigger than them. The fury that they feel at one another focuses them. It is something that they control; something within their power. It inspires action from people whose lives have been marked by inaction. 

So where is the point of balance between these two perspectives? Can we feel anger, and allow it to focus us, without allowing it to destroy our life, and make us bad decision makers?

The philosopher Martha Nussbaum believes so. Nussbaum is well-known for her rehabilitation of stoic philosophy – much of her philosophical work has been about bringing that ancient movement back into the light.  

In her book Anger and Forgiveness, she embraces key features of the stoic opinion on anger. She calls anger a “trap”, and notes that she does not believe that anger “is morally right and justified.” For her, anger has all the negative qualities described above – it often leads to actions designed as “payback”, retaliative gestures that are seen to “assuage the pain or make good the damage.” She does not believe anger does this. She thinks it merely adds more hurt to a pile of hurt, hurting the aggressor as much as the victim they lash out at. 

But Nussbaum does not dismiss anger out of hand. This makes her different to many stoics. She thinks anger is to be eradicated, but creates a related category to that feeling called “transition-anger.” This is not simply anger. It is not the desire to punish. It is not defined by wallowing in negative emotions. Instead, she describes the “entire cognitive content” of “transition-anger” as being made up of the thought, “How outrageous. That should not happen again.”  

Transition-anger doesn’t make us merely lash out at those who have hurt us. Instead, it directs us towards positive forward action. We use it to focus ourselves. But that focus drives us towards good moral behaviour. It turns unmoved citizens into powerful figures of protest. It creates community, people united in their desire to make the world a better place. 

Amy and Danny aren’t bad moral actors merely because they’re angry, then. They’re bad moral actors because they do the wrong things with their anger. It’s not that they should never have felt rage. It’s that they allowed that rage to make them ugly and cruel, when it should have made them kinder. 


Meet David Blunt, our new Fellow exploring the role ethics can play in politics

We’re thrilled to announce we’ve appointed Dr Gwilym David Blunt as an Ethics Centre Fellow.

A writer and commentator on global politics and philosophy, David has spent time as a Senior Lecturer in International Politics at City, University of London and as a Leverhulme Early Career Fellow at the University of Cambridge. Now based in Australia, David has published numerous books, appeared on ABC The Drum and Monocle Daily, and has written for The Conversation, ABC and International Affairs.

To welcome him, we sat down with David to discuss the important role ethics can play when it comes to politics, human rights and philanthropy.

What attracts you to the field of philosophy?

We are often told to ‘go with your gut’ when making decisions. This has always struck me as genuinely terrible advice. Our instincts can be conditioned by any number of prejudices or misconceptions. Philosophy is a way of interrogating these instincts and thinking systematically about hard questions.

How does your background in international politics and human rights shape your approach to philosophy and ethics?

International politics fascinates me because it is often treated as a place where ethics don’t apply. It’s seen as a place in which raw power determines the norms that govern politics, something that few would say is acceptable in domestic politics. Yet, this seems ridiculous.

Take the Russian invasion of Ukraine, many people around the world reacted in horror because wars of aggression are wrong. This is more than an intuition. Self-determination is grounded in an ethical judgement that people have a right to determine their collective destiny without interference. We might question the scope of this right, but most people will agree that at the very minimum it prohibits wars of aggression. There is clearly a place for ethics in world politics.

In fact it is more than a place, there is an urgency for ethics in world politics. The Covid-19 pandemic clearly showed how humanity as a whole faces shared challenges. The viruses that cause pandemics and the greenhouse gases that cause climate change don’t respect the arbitrary lines we draw on maps. We cannot hide behind closed borders and hope it all just goes away. These threats raise ethical questions about duties and responsibilities, where burdens lie, and what we owe to the future.

What kind of work will you be engaging with at The Ethics Centre?

The Ethics Centre is hosting me while I work on my next book which is on philanthropy. This is a topic that I’ve been interested in for a long time, but was on the side burner until the pandemic brought it back into focus. My work usually looks at the grimmer aspects of political philosophy, such as war, terrorism, and extreme inequality. So, it is nice to be working on something that gives some reasons to be hopeful about humanity. Although philanthropy raises a lot of interesting questions about justice, reputation laundering, and fairness.

I’ll also be writing some articles and assisting as a media spokesperson.

Which philosopher has most impacted the way you think?

It’s difficult to pick one, but I think it would have to be Philip Pettit, who isn’t a household name, but, along with Quentin Skinner, revived republicanism in political philosophy, which is what grounds my work. Now, don’t confuse republicanism with Donald Trump or right-wing MAGA politics or even with anti-monarchism. Republicanism is at its core a philosophy of freedom; it’s central claim is no person can be free if they are under the arbitrary power of someone else.

You have also done a lot of research on poverty and the distribution of wealth. What role do you think philanthropy and charity has or should have in that space?

I like to compare philanthropy with the façade of a building. It is something that beautifies, but it isn’t necessary to create a stable and functional structure. To continue this analogy, the parts of a building that keep it up, foundations and reinforced concrete, these are the province of justice. My worry with philanthropy is that it is taking up those structural roles, that it is subverting the role of justice. This isn’t a trivial matter because philanthropy is often characterised by the arbitrary power that republicans tend to worry about. Access to healthcare or education should not rest on the whim of a wealthy person, even if they are a good person, these are things that all people are owed as matter of right.

Your recent book Global Poverty, Injustice and Resistance argues our right to politically resist. We’re currently seeing some extreme cases of human right infringements around the world – what’s an example of resistance you’ve noticed that seems to be having a significant effect?

Resistance is such an interesting subject, because it covers such a wide range of activities. Most people tend to think of revolutions or mass civil disobedience as the paradigm examples of resistance, but I find the less visible forms of resistance more compelling.

I think the best example is illegal or irregular immigration for socio-economic reasons. This topic is one that generates a lot of extreme feelings in wealthy states like Australia and the United States, which is why I find it interesting. People who flee extreme poverty are voting with their feet against our current global political system, where many people are denied a reasonably dignified human life simply because they were born in the wrong country.

Many people’s first instinct is to say that illegal immigrants are doing something wrong, because they are breaking the law, but this goes back to what I said that the beginning of this interview: our instincts can be wrong.

We need to seriously start asking questions about why people cross borders illegally. It takes a lot for someone to leave their home to go to a distant land where they might know no one, have to learn new customs and language, and there is a chance they might die in the journey. We need to think about our complicity with the economic systems that produce avoidable poverty and exacerbate climate change, the push factors for this sort of migration. My hope is that this may help to create systemic change.

What are you reading, watching or listening to at the moment?

For work, I’m finishing up reading Paul Vallely’s massive Philanthropy: From Aristotle to Zuckerberg which is a good accessible examination of philanthropy and re-reading Will MacAskill’s What We Owe the Future for a short piece I’m working on. And I’m also revisiting some of the greatest hits of republicanism from Pettit and Skinner for a new YouTube series I’m doing.

For pleasure, I’m reading Donna Tartt’s The Goldfinch, which is really amazingly written. She’s one of those people who makes me actively jealous of their wordcraft. And I’m reading my wife I, Claudius before bed.

Watching, we are doing a nostalgia trip and rewatching the X-Files, which is fun even if the last few seasons are pretty bad. The sad thing about watching it in 2023 is that fringy, conspiracy theory stuff was just fun entertainment 30 years ago and now it has turned extremely sinister, which kind of drains a bit of the joy out of it.

Listening, I’m a big Last Podcast on the Left fan, because sometimes I just need to learn about cults, aliens, cryptids, and true crime. And since moving to Australia I’ve been getting into Australian music and have been bingeing King Gizzard and the Lizard Wizard.

Lastly, the big one – what does ethics mean to you?

Putting it simply, ethics is my ‘bullshit detector’; it helps me recognise my own bullshit, which keeps me from being complacent, and the bullshit of society at large, which seems to be really piling up.