The litter in littérateur. Ricky Opaterny on Books, Music, Art, and Sports

Jonathan Lethem and Joseph O’Neill both have essays in the current issue of Granta on photographs of their fathers. They spoke about these pieces and, more generally, fathers with Granta’s American editor, John Freeman at Housing Works tonight. The conversation started with reflections on John Updike, who died at 76 today. Lethem told a moving story about how he rushed to a local hotel to give blood on 9/11. The blood donations had been a false rumor and driven several Brooklynites to the same hotel. Updike was one of them; Lethem noted his presence and said nothing to him. Download an MP3 of the event.

The 5th Estate has some excerpts from an interview with Jonathan Franzen that is running in boundary 2. A lengthy snippet follows:

We may just be little specks. As a percentage of the total world population, we’re ever smaller specks, and what we are is ever more mediated by the structures we’ve created for ourselves to live in. And yet, as you go through life, you still hit these points of crisis where something genuine is happening.  A choice is being made, or a life is being destroyed, or hope is being regained, or control is being relinquished, or control is being achieved. These moments may be utterly insignificant historically, but they’re still hugely meaningful to the person experiencing them as meaningful as everything else in the world put together. To try to connect with what might formerly have been called the soul, and what I might now describe as some interior locus of privacy and reflection where moments of personal significance are experienced: this, I think, is the job of the fiction writer. As great as our various glowing screens may be at capturing vividness and complexity, you’re still always on the outside and just looking at them. You’re never within. Even if you were to construct a very fine virtual reality device, you would be literally insane if you mistook a manufactured and mass-produced experience for a moment of genuine human importance. If you could believe in the simulacrum enough to think you were having a moment of genuine personal meaning, it would mean you were insane.

Only written media, and maybe to some extent live theatre, can break down the wall between in and out. You’re not looking at your feeling from within. An Alice Munro story rushes you along in about 25 minutes to a point where you’re imaginatively going through a moment of deep crisis and significance in another person’s life. I know I’m expressing this in very vague terms, but I think these epiphanic moments have a social and political valence as well, because they’re what we mean when we talk about being a person, about being an individual, about having an identity. Identity is precisely not what consumer culture says it is. It’s not the playlist on your iPod. It’s not your personal preference in denim washes. The moment you become an individual is the moment when all that consumer stuff falls away and you’re left with the narrativity of your own life. All the things that would become impossible politically, emotionally, culturally, psychologically if people ever were to become simply the sum of their consumer choices: this is, indirectly, what the novel is trying to preserve and fight in favour of.

The Times list of the 10 Best Books of 2008 is now available. And, well, that got things pretty much right. I would argue for the inclusion of Richard Price’s Lush Life and Marilynne Robinson’s Home on the fiction list, in place of books by Jhumpa Lahiri and Steven Millhauser.

Jason Zengerie has a very good profile of Malcolm Gladwell in this week’s New York Magazine. Gladwell has been receiving a lot of press lately in advance of the publication of his new book, Outliers. Most of it is as fluffy as the critics who assail Gladwell. But Zengerie’s piece is actually well-written and pulls some excellent lines out of Gladwell. My favorite one is the following:

Google is the answer to the problem we didn’t have. It doesn’t tell you what’s interesting or what’s important. There’s still more in the library than there is on Google.

Last week, I published a piece on Marci’s blog about my decision to return to school for an MBA.

I haven’t had a chance to read it yet, but I’m certain that Michael Lewis’s article in the current issue of Portfolio, The End of Wall Street’s Boom, is worth your while.

In the two decades since [I wrote Liar’s Poker], I had been waiting for the end of Wall Street. The outrageous bonuses, the slender returns to shareholders, the never-ending scandals, the bursting of the internet bubble, the crisis following the collapse of Long-Term Capital Management: Over and over again, the big Wall Street investment banks would be, in some narrow way, discredited. Yet they just kept on growing, along with the sums of money that they doled out to 26-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents’ world when you can buy it, slice it up into tranches, and sell off the pieces?

In this weekend’s New York Times Book Review Jonathan Lethem offers high praise for Roberto Bolaño’s 2666, which comes out in the U.S. on Tuesday. Based on the review, it looks like 2666 will vie with Joseph O’Neill’s Netherland for the title of the best book of 2008. Lethem writes: 

“2666” is as consummate a performance as any 900-page novel dare hope to be: Bolaño won the race to the finish line in writing what he plainly intended, in his self-interrogating way, as a master statement. Indeed, he produced not only a supreme capstone to his own vaulting ambition, but a landmark in what’s possible for the novel as a form in our increasingly, and terrifyingly, post-national world. “The Savage Detectives” looks positively hermetic beside it.

. . . .

A novel like “2666” is its own preserving machine, delivering itself into our hearts, sentence by questing, unassuming sentence; it also becomes a preserving machine for the lives its words fall upon like a forgiving rain, fictional characters and the secret selves hidden behind and enshrined within them: hapless academic critics and a hapless Mexican boxer, the unavenged bodies deposited in shallow graves. By writing across the grain of his doubts about what literature can do, how much it can discover or dare pronounce the names of our world’s disasters, Bolaño has proven it can do anything, and for an instant, at least, given a name to the unnamable.

Now throw your hats in the air.

Even the design of 2666 is getting coverage from New York Magazine. I opted, at least initially, for the for three-paperback boxed set. You?

In a recent post on the Financial Times site, Columbia University Jeffrey Sachs economist proposes some steps that the international community can take to limit the damage: 

First, the US Federal Reserve, the European Central Bank and the Bank of Japan should extend swap lines to all main emerging markets, including Brazil, Hungary, Poland and Turkey, to prevent a drain of reserves.

Second, the International Monetary Fund should extend low-conditionality loans to all countries that request it, starting with Pakistan.

Third, the US and European central banks and bank regulators should work with their big banks to discourage them from abruptly withdrawing credit lines from overseas operations. Spain has a role to play with its banks in Latin America.

Fourth, China, Japan and South Korea should undertake a co-ordinated macroeconomic expansion. In China, this would mean raising spending on public housing and infrastructure. In Japan, this would mean a boost in infrastructure but also in loans to developing nations in Asia and Africa to finance projects built by Japanese and local companies. Development financing can be a powerful macroeonomic stabiliser. China, Japan and South Korea should work with other regional central banks to bolster expansionary policies backed by government-to-government loans.

Fifth, the Middle East, flush with cash, should fund investment projects in emerging markets and low-income countries. Moreover, it should keep up domestic spending despite a fall in oil prices. Indeed, the faster a global macroeconomic expansion is in place the sooner oil prices will recover.

Sixth, the US and Europe should expand export credits for low and middle-income developing countries, not only to meet their unfulfilled aid promises but also as a counter-cyclical stimulus. It would be a tragedy for big infrastructure companies to suffer when the developing world is crying out for infrastructure investment.

Finally, there is scope for expansionary fiscal policy in the US and Europe, despite large budget deficits. The US expansion should focus on infrastructure and transfers to cash-strapped state governments, not tax cuts. This package will not stop a recession in the US and parts of Europe, but could stop a recession in Asia and the developing countries. At the least it would put a floor on the global contraction that is rapidly gaining strength.

This week’s issue of the New Yorker has a piece by John Lanchester about books related to the financial crisis. He is the only journalist, so far, to draw an analogy between developments in the financial markets and philosophy and cultural criticism. For that, I take my hat off. In the high point (for English majors) of his piece Lanchester writes:

If the invention of derivatives was the financial world’s modernist dawn, the current crisis is unsettlingly like the birth of postmodernism. For anyone who studied literature in college in the past few decades, there is a weird familiarity about the current crisis: value, in the realm of finance capital, evokes the elusive nature of meaning in deconstructionism. According to Jacques Derrida, the doyen of the school, meaning can never be precisely located; instead, it is always “deferred,” moved elsewhere, located in other meanings, which refer and defer to other meanings—a snake permanently and necessarily eating its own tail. This process is fluid and constant, but at moments the perpetual process of deferral stalls and collapses in on itself. Derrida called this moment an “aporia,” from a Greek term meaning “impasse.” There is something both amusing and appalling about seeing his theories acted out in the world markets to such cataclysmic effect. Anyone invited to attend a meeting of the G-8 financial ministers would be well advised not to draw their attention to this.

The result of our era of financial deconstruction has been a decades-long free-for-all of deregulation and (for the most part) bull markets, ending in partial nationalization.