Makes me think about my Economics professors…

March 28th, 2010 by MrLuxuryFashionGuru

After last year’s desultory reading log, I’m continuing to do much better this year, which makes me happy.

I’m about to finish reading The Predator State, by James K Galbraith, and I highly recommend it to anyone interested in economics, trade, social policy, political economy, economic development or markets at all.  It’s the kind of paradigm-shifting social science work that I’ve always loved, with both a sweeping perspective across many decades and many countries and yet also a profoundly intimate concern with individuals and communities.

I will admit that I liked the book partly for the fact that Galbraith confirmed my existing intuitions about the world: that the arguments for “free markets” are riddled with theoretical work-arounds, real-world counter-evidence and also fundamentally philosophical and ethical implications that mean society should be far more thoughtful and downright wary of “market solutions”, “free trade” and Libertarianism (particularly for essential and social goods like healthcare, education, utilities, transportation, housing).  Moreover, “The Predator State” also explicitly calls out the problematic nature of big business (i.e., it’s too big and powerful, and being only concerned with short-term profits are almost inevitably predatory and criminal) contrasted against not-big-enough government.

What I especially liked was Galbraith’s insight into the forces that shape the economic world through time and space, like explaining what led to Japan and Germany’s economic strength in export-manufacturing through the 1970s and 1980s and what macroeconomic conditions precipitated the Internet/IT boom in the US through the 1990s.  In an oblique fashion, the sense that larger forces are behind the success of individual companies and countries matches the point of view of The Halo Effect by Phil Rosenzweig (which I finished reading last month), where the “principles of success” of individual companies as studied by the popular business press are downplayed or debunked in light of larger forces including macroeconomic policies (i.e., the effect of ”luck” or “right place at the right time” as opposed to effective management strategy).

Can’t wait to read more, and maybe re-read parts so I properly understand Galbriath’s argument against the obsession with US trade, current account and budget deficits.


It’s men’s fashion week in Milan! FW 10!!

January 18th, 2010 by MrLuxuryFashionGuru
FW10 menswear looks are being shown in Milan… and the big news is many of the shows are streaming live from the runway!  Burberry Prorsum (looks ho-hum at first glance, but I do love a good military-inspired collection), Prada, Dolce & Gabbana  and others all have live (and on-demand) streams of their entire runway shows on their websites.  What a treat!  Instant gratification!!  Except we can’t try on or buy these clothes for about nine more months!!!
Prada FW 10 featured beautiful cropped knits like this...  (Source:  Men.style.com) and this!  (Source:  Men.style.com)

 I *heart* <3 the cropped sweaters at Prada – can’t wait to try them on in just nine months or so!

That is, if I can get over my annoyance at noticing that despite a massive cast of some 50 male and female models at the show, Prada didn’t seem to have cast a single non-white model.  Not one black or Asian model that I could see, and I did look.  Very disappointing, given all the attention the industry has given to diversity on the runway and the progress that seems to have been made (especially in editorial and campaign work, in my estimation). 

Doubly disappointing given that for years Prada has been notoriously lacking in diversity on the runway but after several years of increasingly bad press the house had very visibly cast a couple of black and Asian models these past few seasons.  This feels like a terrible regression. 

I can understand, accept and even welcome tokenism, so for a cast of 50 to not have a single non-white model is really difficult to accept, especially given that the show had no discernible theme that demanded an all-white cast (and in any case even the “we had to fit with the designer’s inspiration” argument has it’s limits, with the visually poignant counter-argument in John Galliano’s FW 09 show which was inspired by ”frozen Ukrainian brides” yet featured not just icy-blonde and blue-eyed Eastern European-types who made up almost the entire cast of 31, but also Chanel Iman–half black and half Korean–looking stunning…  dressed as a frozen Ukrainian bride).  And never mind that Asian consumers in Japan, China and elsewhere are probably Prada’s largest and most profitable customer base.

I’m kind of peeved, but wish I could pick Miuccia Prada’s mind about this.

PS:  The Prada runway show probably could have benefited from more flattering lighting – as in the photos above, all the models looked harshly lit and kind of sickly.

Chanel Iman at John Galliano FW 09 (Source: Style.com)

 In case the make-up, clothes and styling don’t seem particularly flattering on Chanel in the above picture, go see the pictures or YouTube videos of the full show and you’ll see that she looked just as good as the other models and fit right in.


Around the corner… to another holiday!

January 3rd, 2010 by MrLuxuryFashionGuru

The big Christmas to New Year’s holiday season is barely over and marketing has already shifted gears to focus on the next big date: Feb 14.  Of course, this year that’s both Valentine’s Day and also the first day of the lunar new year, so it’s big.

Today at 10pm, after an entire day of almost no food, I speed-walked a good mile to the nearest not-so-nearby McDonald’s and ordered a Mega Prosperity Burger upsized meal (and various other things, but we can leave that aside for now).  It’s a giant, double-beef-patty long sandwich with black pepper sauce and fresh onions, but that’s not the point.  The point is that it’s a Chinese/Lunar New Year offering that’s been launched even as Starbucks is still serving special holiday treats and I saw maintenance workers just starting to take down the boughs of faux holly in the mall.

And then yesterday I bought my first Louis Vuitton trinket of 2010, an adorable and probably utterly impractical coin purse/clutch shaped like a chicken!!  It’s part of the new Animaux collection that’s apparently meant to commemorate Valentine’s Day… and the collection was launched worldwide on 1 Jan 2010.



Source: ilvoelv.com

Isn’t it fantastic??  I *heart* hens!  Actually, there’s a more attractive “songbird” version in a lovely blue colour, but I had to get the chicken… of course!!  The LV website hilariously tries to justify this piece of frivolousness (after all, it’s based on toy animals that the Vuitton family used to make, supposedly) based on it’s practicality.  First of all, it’s called a “Bird Clutch”, as if it has any possibility of serving as an evening clutch bag – this is an item that would be hard pressed to hold a box of tic tacs, no joke…

From the LV website:

Inspired by the wooden toys from the 1950s found in our archives, the Bird Clutch is a playful design in glossy Monogram Vernis leather. A delightful gift idea as either a coin purse or a bag charm.

Size: 4.9″ x 4.5″ x 0.4″

-Large capacity for coins
-Room for several credit cards
-Golden brass chain to hook the coin purse to a D-ring
-Foam under patent leather for extra softness

PRODUCT ID: M91406

——–

Let me state for the record that I just tried, and not even one single standard sized credit card will fit in this “clutch”…  but I still love it!  And I guess many other people agree with me, because the hen is already out of stock online (on Jan 3), while the songbird is still available.

——–

In the past three days I’ve just about finished three books, so we’re off to a good start, at least.  And in three totally different genres too – a light-hearted breezy read about the world of fashion by a fashion journalist (The Meaning of Sunglasses), a pensive/sombre novella by Kazuo Ishiguro (A Pale View of Hills), and hopefully tonight I will wrap on the thoughtful critique of Harvard by former Dean of the College Harry R. Lewis ’68 (Excellence Without a Soul).

Reading the latter has really made me yearn anew for years past.  Or perhaps it’s just the comfortably fuzzy embrace of rosy nostalgia.


Happy 2010!

January 1st, 2010 by MrLuxuryFashionGuru

First lesson of the new year – don’t leave bottles of champagne in the freezer.  Whoops, I’m rather embarrassed I didn’t know that.

Other disappointment – I read just 11 books last year…  less than one every month!   There’s a ready-made resolution.


Marina Bay fireworks as seen over the Esplanade from the Padang (1 Jan 2010)


Between Christmas and New Year’s…

December 27th, 2009 by MrLuxuryFashionGuru

…I’ll be in Bangkok, enjoying the pool, the gym, the spa, the tailor and the mall.

Just got back from my first massage of the trip, less than three hours after landing in the city :)   I found myself searching several 7-11s for Yakult before I suddenly realised this hunt was based on an misfiled palimpsest memory from Shanghai rather than Bangkok.  So Betagen or Meiji it is then.

I should do a little shopping post.  As I was telling confessing to Terence, I tend to shop in spurts, a little like binge eating.  Given the relative dearth of new purchases in October and November (is that even factual?  Need to check), December was rather a new high (or low, depending on your point of view).  I’m not sure I even dare to number the bags I bought…

1 x Etro zip tote in structured wool (50%+5% off! And I had $60 in vouchers)
2x YSL oversized muse tote in dark brown and, er, darker brown  (definitely don’t need two, one of these needs to go in the next few months)
1x Chanel navy lambskin tote (vintage)
1x Bottega Veneta woven purse (I’m thinking this will work as a clutch)
1x Mulberry maxi-sized Roxanne in coated canvas (60%+10% off! Plus I had a $50 voucher)
1x Prada portfolio document holder in black saffiano leather

That’s not too bad, right…  seven?  And one’s a repeat that will be liquidated shortly so it doesn’t really count, so six for the moment.  I do have my eye on a few others though, and there were definitely a few that very painfully got away.  I have however also purged four older bags (Gucci x2, Chanel x1, Fendi x1), so it’s really only a nett addition of two.  And two of the items are barely even bags (a clutch and a document holder) so…  :)

Then there were the shoes.  I got black lace-up ankle boots from Prada (50% off!) and another really fabulous pair from Mr Hare (irresistible at 40% off and free international shipping from oki-ni.com!).  Plus there was a random but pretty pair from Zara in soft grey leather.  In my defence, I’ve just gone through my shoe collection, and the only thing I really don’t need more of are brown suede ankle boots (or tan suede dessert boots, or khaki suede chukkas, you get the idea).

Can’t wait to go to the mall tomorrow.  Maybe after a quick run at the gym.

—-

Edit: While in Bangkok I bought (via online channels)  another large Gucci travel bag and a pair of Burberry Prorsum shoes…  whoops.


Where has the time gone…??

November 30th, 2009 by MrLuxuryFashionGuru

I note with great shock that my last post was all the way back in August…!  I can only say I’ve definitely thought about blogging at least every other week since then.

I promise that at some point I’ll do a round-up post because this year definitely deserves that – it feels like it’s been an unusually eventful year.  Maybe it’s time of my life, but my peers and I are passing through a series of milestones – weddings, babies, first promotions, first retrenchments, lots of firsts, both very welcome and not so welcome.  As I said, its been an eventful year.

Since August, I lost a rooster (to illness), made a big road trip from Texas to Boston, worked on three more cases and most importantly hopefully gained lots in wisdom–something none of us can have too much of… which reminds me a little of handbags! :)

And bags I’ve certainly accumulated more of… some from the usual suspects, like Prada, LV and Tods, and a few less expected, like VBH and Dormeuil.  Yay bags!

Maybe I’ll post some pictures next time.


Disconnect

August 7th, 2009 by MrLuxuryFashionGuru

Haven’t been blogging in a while, wish I had.  Also haven’t been to the gym much, definitely wish I had.

Just revisited Facebook properly for the first time in a while, and caught up on months of news from friends…  and realised how disconnected I feel from the life I once had, three years ago, two years ago, four months ago.  A lot has happened – happened to make me forget who I was, happened to change my plans, happened with my friends (new engagements, school acceptances, career moves).  I’ve watched some people become more of who they want to be (CG, BT and E, I’m thinking of you), other people start to want things they never wanted before (DT, that’s you), and some people settling for the best available option.

What do I want?  I want to reconnect.  I want the as-yet-unknown but keenly-sensed and likely-impending amazing development to drop into my lap, unfold rapidly and blossom fully (yes, that’s many mixed metaphors).  I want to want time to pass slowly again. 

It’s seems ungrateful and tragic to want time to go by faster.

At some point I should probably start airing my views on the nonsensical, illogical nature of the “market” and economic analysis.  V-shaped recovery in the offing?  Really?  Based on what fundamentals?  And why is this so totally different from the consensus view from two months ago?  I have an answer…


What a wonderful life

April 4th, 2009 by MrLuxuryFashionGuru

It’s been a pretty great stretch since Shanghai.  Weeks of intermittent work, an exceptionally fun weekend in Delhi, a really special and luxurious week in Hawaii, several marvellous sunny days in San Francisco… who wouldn’t be happy?

Plus I got to see my cousins, Malcolm and Forrest!  Time really does fly – in no time they’ll be 27 and 24 and I will be reminiscing about the time we went to that fun little media museum in San Francisco together :)

 


Puff Puff in the morning

March 3rd, 2009 by MrLuxuryFashionGuru

Puff Puff in the Morning II (9 Nov 2009)
Taken 9 Nov 2008

I should probably also mention I’m back from Shanghai, having wrapped up last week on my nearly three month project there (which felt more like six).  The clients seem happy, they bought several more months of work.  I’m planning on a nice restful period of recreation and recovery.


On American democracy and Obama

February 4th, 2009 by MrLuxuryFashionGuru

After a couple of 18-hour days in a tight circuit between office desk, conference room and hotel room,  today was a revelation.  A 90 minute massage at a tasteful spa during office hours, followed by a lovely Teppanyaki buffet dinner with sake.  Wait, I get paid to do this?  As I told Zhen, we are like infants or people lacking the ability to form long-term memories, no matter how tough the times, a couple of hours of relative release and we are suddenly happy again.  Bizarre, but better for the psyche, I guess.

So instead of watching the two new episodes of Gossip Girl I have waiting in iTunes, I spent a couple of hours (??!) penning my thoughts on American-style democracy and Obama’s election in response to an email I got today.  I thought I’d post it for posterity.

I’ve recently been reading Joseph Stiglitz’s “Making Globalization Work”, and while it is a very good read (of course), one of the things that has irked me is the illogical knee-jerk praise of American-style democracy, often falsely equated with “more democracy”.  Stiglitz frequently reminds us of his views on democracy and his preference for “more of it” in the American style, although when it comes time to back this preference up, the best he can do is say that “economic success is fully consistent with democracy” (p56), while arguing that government interventions are critical for development – the same types of interventions that are have historically been most effective under less democratic forms of government (e.g. technocratic or autocratic systems in China, and Singapore).

 

In my view, the commonly encountered paranoia and distrust against “undemocratic” forms of government (read, non American-style democracies) often seen in newspaper editorials, political commentary and general punditry stems from a uniquely American and dysfunctional view of government.  So called “paternalistic” or technocratic forms of government inherently require higher levels of trust and specialization of function, and to me it is no coincidence that this description precisely describes the increasing sophistication of higher societies and civilizations.  Make no mistake, in modern society all of us are already fully dependent on all sorts of institutions and third parties to make decisions for us to maintain life as we know it – medical researchers, journalists, financial institutions, legal experts.  Accepting all these other dependencies (call it blind faith) but expressing distrust against the government (the only relevant unit of society beyond the family for Singaporeans) is simply logically inconsistent.  More importantly, in the US it is based on the inevitable sense of betrayal that arises from their many glaring failures of government – the blighted inner-city ghettos, the soaring budget deficit, the embarrassing/lethal foreign wars, the crippled public school system, the social security time-bomb… which only begs the question, why should we adopt their system of government at all given their failure rate at all levels (city, state, nation, international)?  It is clear that many other governments have managed decades of success (by any measure) in other countries – the Scandinavian social democracies, the Asian Tigers, tightly controlled Vietnam and China, even Suharto’s Indonesia… all these demonstrate that a government’s performance does not necessarily have the implied relationship of more democratic = more successful.  

 

To the contrary, it is easy to argue that goals can be much more efficiently achieved in less democratic situations.  Just try imaging the inevitably nightmarish outcome of India attempting to stage the 2008 Olympics in Delhi or Mumbai (highlights include flagrant corruption, choking pollution, inevitable construction delays, ballooning costs and at least one deadly terrorist attack).  Successful governance and American-style democracy (or even more democracy) are poorly correlated.

 

All this begs the question of what we are supposed to be measuring when evaluating a government or system of government.  I say government is a means to an end, rather than an ends in and of itself.  To be pedantic, a government’s sole purpose for existence is to perform pre-defined governing functions such as maintaining law and order, representing/defending the country’s interests at the international level, and also raising the standard of living for all within its borders by providing key infrastructure and services as well as overseeing economic development.  To hear many pundits talk, you would think that democracy is an end in itself, and that countries should all be striving to increase “democracy”.  I beg to disagree.  I think the only benefit that can be attributed solely to increasing democracy is the “feel good factor” that is itself a conditioned reflex born out of America’s disillusionment with their government (and to a lesser extent from Europe’s disillusionment with Fascism).  Americans blindly believe more democracy must be a good thing, let’s not fall for that fluff.

 

Trust is the only thing that matters when thinking about how a government makes people feel – we trust that the government is broadly accountable to the governed, and more importantly that the government, just like any other organization, is working its hardest to satisfy its mandate.  On this point I find it baffling to hear any Singaporean expressing any kind of distrust of the government, and especially bizarre to hear a well-educated (elite, if you like) Singaporean express suspicion or doubt towards the government, even in the abstract.  Everyone knows people in the Civil Service, and among educated people, everyone knows fairly senior people in the government.  In other words, there is no real “us versus them” division between the government and Singaporeans (unlike in the US or France or Russia or even Thailand, Hong Kong and Taiwan).  I know my ex-colleagues in the government investment corporation, my aunt in the tax bureau, my uncle in the public utilities board and my classmates in the foreign ministry and economic development boards are all trying to do their jobs well, and their jobs are in the end in service of Singaporeans.  In fact, my ultimate charge against those who would claim that there are systems of government “better” than the Singapore model is that I have yet to hear any clearly articulated vision of what the shortcomings are (as opposed to things people do not “like”) and why any other system of government would be “better” by any reasonable evaluation criteria.  Most commonly I hear vague preferences supported by assertions of difference that simply fall apart upon closer examination.  Did the US not have Jim Crow laws and segregation, Japanese-American internment camps, McCarthyism, or Guantanamo?  Yes, Singapore has the Internal Security Act, a history of bankrupted opposition politicians and attempts at media censorship, but I will not accept simple assertions that Americans are in any way more “free” from anything, including fear from the KKK, police brutality, crime and gang violence, and the CIA/Homeland Security/Patriot Act.  (Not to mention crooked governors and insurance commissioners, broken emergency response systems and the clear challenges of trying to raise drug/rape/violence-free children in America, never mind education.)  It is not enough to unsystematically evaluate systems of government based on a few random data points and a warm and fuzzy feeling arising from lack of knowledge.

 

This brings us to the sad truth about American politics, that it is all about feel-good politics.  Almost by definition, American feel-good politics preclude any kind of defensible logic or demonstrable longer-term benefit.  All style and talk but ultimately very little to show for it other than billions spent on election campaigns.  Consider this quote from a Singaporean celebrating Obama’s election:

 

For this is the value of democracy: it can banish apathy, it can advance in maturity, it can heal ancient enmities and transcend petty politicking. It can put the country’s interest before any ethnic group’s, it is robust and adaptable, it can peacefully remove a government even after massive failure and abuses of power. It can even systematically ask the world for forgiveness, or at least provide a chance every electoral cycle to ask for forgiveness: and I believed on November 4th 2008 the world was, no matter how momentarily, willing to forgive America. It is the people coming together, with all their pained and beautiful differences, and peacefully making a choice. And yes, it can change the world.”

 

Where to even begin parsing this?  Obviously Obama’s feel-good quotient is through the roof, and I’ll be the first to say that I feel good about Obama’s election too.  However, is there really any substance behind these vague positive feelings that for me are attributable to Obama’s skin colour and handsome looks combined with Michelle Obama’s stylish wardrobe and Harvard connection? 

 

Let’s start with the idea that American democracy should be emulated because it can “advance in maturity”.  Obviously there has been no chronological relationship established by Obama’s election unless one would suggest that Bush Sr was inferior to Clinton was inferior to Bush Jr (or back to Nixon or Kennedy).  And remember that Obama has so far done squat as president so this cannot possibly be any sort of celebration of his actual merits as president.  And if we are referring exclusively to the selection of the Obama-Biden ticket over the McCain-Palin ticket, was that choice more “mature” based on anything other than race?  It’s hard to imagine otherwise.  If so, we are left with saying that America cast a cumulatively meritocratic vote (and do not forget the millions who voted for McCain-Palin).  Why was this more “mature”?  America has never had to choose between an all-white vs quarter-black Presidential ticket before.  And similarly they have never had to choose between an all-male and half-female ticket either.  From this perspective, in both the Democratic primaries and the presidential election Americans picked the all-male teams.  Why not call that a failure of meritocratic ideals?  Just remember that the response to any sort of argument about Obama’s election being a bellwether of the times or any indication that American politics can “do the right thing” is that tens of millions of Americans voted for the painfully unqualified Sarah Palin.  And America’s voting record is spotty – similar tens of millions of Americans voted to re-elect a demonstrably underperforming (and dishonest) Bush in 2004.

 

Notice also that most of the praise about Obama’s election is ultimately a discussion about meritocratic principles, which are often unrelated to democratic ones.  America supposedly did the “right” thing because they elected Obama despite his race, his family background, and his lack of big business or old money connections.  In other words, Obama’s election was pleasingly meritocratic.  But meritocratic principles are not tightly linked to democratic ones.  The Tang dynasty was unrivalled for its meritocratic approach to government in its age, and in its own way, so was the Chinese communist party in its early days (certainly their perspectives on gender and class was very advanced).  Next, in a similar type of argument, the idea that a country can “peacefully remove” abject failures (that they re-elected, like Bush) is also unrelated to democracy.  This is possible under any style of elected government.  Being able to peacefully remove underperforming leaders has no relevance to any argument for more democracy or more American-style democracy.

 

To return to the “banish apathy” assertion which came first, there is no relationship between style of government and apathy towards politics or the democratic process or government in general.  Americans have been the most apathetic voters imaginable for many decades.  Villagers in 1970s communist China and Apartheid-era South Africa were deeply passionate and involved in politics.  There is simply no logical way to assert that American-style democracy has any useful claim to be able to “banish apathy”.  And again, as laid out earlier, this is completely unrelated to properly evaluating any form of government.  (If not Pol Pot’s Cambodia, Cultural Revolution China and WWII Japan would all score very high as apathy would not have been possible in those regimes.) 

 

Another red herring is the “robust and adaptable” claim for America’s form of democracy.  Robust and adaptable in what sense?  Is this only about race, yet again?  For America has certainly elected other literate, talented men (and how many presidential candidates promise change and non-partisanship?  I know McCain did, too.)  I would say Britain’s and Thailand’s constitutional monarchies have been pretty robust and adaptable, as has been the Communist Party in the PRC.  And most importantly, how can anyone claim Singapore’s PAP has not been robust and adaptable (albeit over less than half a century)?  All that needs to be done is to recall Singapore’s history, myriad and evolving challenges and steady moves towards social liberalization.

 

The final line indicates that America’s democracy is inspiring in that way people come together in the process of “peacefully making a choice”.  Leave aside for now the already repetitive argument that this is no way unique to America’s form of government, nor is “peacefulness” necessarily a useful metric to measure a government (Cuba’s been pretty peaceful for decades, India’s elections are usually bloody, Taiwan’s parliament has broken up in inconceivable fisticuffs several times, and Israel has been often at war).  I would say that democracy in general is more often about the illusion of choice.  Americans had two candidates to pick from, and at least one of them was shockingly unelectable (Palin, for whom there is talk of a future Presidential bid).  Now that Obama has been installed, he will have access to exactly the same range of powers that Bush had before him, and he will probably have to make choices that are increasingly unaligned with his campaign promises (especially if he wants to effectively deal with the economic crisis or the inevitable foreign policy crises ahead).  Just like the presidents before him.  In the end, Americans will have next to no choice whatsoever when it comes to the decisions President Obama makes in deciding to sign the next iteration of Kyoto or to alter the course of troop deployments in the Middle East.  Just like before.  The choice that Americans exercised was really a fairly illusory and shallow one, as they are in most democracies other than direct one.  And this illusion of choice is shared across all democracies, not just America’s.

 

Ultimately, there are two things that can be said about Obama’s presidency – the first is that President Obama may do a wonderful job and go down in history as the President who turned around the economy, drew the world closer together and successfully tackled the awful budget/social security messes he inherited.  That would be an unqualified success, but would be unrelated to the form that democracy takes in America.  The second thing to say is that Obama, the young, former one-term senator from Illinois, currently inspires the hope that he will be exactly such an outstanding president, and that hope is exactly the feel good factor that defines American politics.