A World In Denial

Donald Rumsfeld

Donald Rumsfeld

Geoffrey Wheatcroft writes in the New York Times:

Could there be a single phrase that explains the woes of our time, this dismal age of political miscalculations and deceptions, of reckless and disastrous wars, of financial boom and bust and downright criminality? Maybe there is, and we owe it to Fintan O’Toole. That trenchant Irish commentator is a biographer and theater critic, and a critic also of his country’s crimes and follies, as in his gripping if horrifying book, Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger.

He reminds us of the famous if gnomic saying by Donald H. Rumsfeld, then the United States secretary of defense, that “There are known knowns… there are known unknowns … there are also unknown unknowns.” But the Irish problem, says Mr. O’Toole, was none of the above. It was “unknown knowns.”

What he means is something different from denial, or evasion, irrational exuberance or excess optimism. Unknown knowns were things that were not at all inevitable, and were easily knowable, or indeed known, but which people chose to “unknow.”

Unknown knowns were everywhere, from Wall Street to Brussels, from the Pentagon to Penn State. Ireland merely happened to offer an extreme case, where “everyone knew.” They just chose to forget that they knew — about the way that Irish banks ran wild, how easy credit fueled a monstrous explosion of property prices and speculative house-building. Bertie Ahern, the Irish prime minister at the time of the rapid economic growth, merely boasted, “The boom is getting boomier,” preferring to unknow the truth that booms always go bust.

Beginning in 2008, the skies were lighted up by financial conflagrations, from Lehman Brothers to the Royal Bank of Scotland. These were dramatic enough — but were they unforeseeable or unknowable? What kind of willful obtusity ever suggested that subprime mortgages were a good idea? An intelligent child would have known that there is no good time to lend money to people who obviously can never repay it…

Read more here.

, , ,

  • justagirl

    i was in for a good mental flogging.  so i clicked read more here.  404.  this is just not my day.  :(

  • justagirl

    i was in for a good mental flogging.  so i clicked read more here.  404.  this is just not my day.  :(

  • Anonymous

    http://www.nytimes.com/2012/01/01/opinion/sunday/unknown-knowns-avoiding-the-truth-html?pagewanted=all

    1.  Poor bank underwriting standards
    2.  No WMD
    3.  Penn State
    4.  Euro failure

  • Liam_McGonagle

    http://www.nytimes.com/2012/01/01/opinion/sunday/unknown-knowns-avoiding-the-truth-html?pagewanted=all

    1.  Poor bank underwriting standards
    2.  No WMD
    3.  Penn State
    4.  Euro failure

  • HowardJohnson

    What it really comes down to is a mind set that is a media byproduct of corporate culture.  I have heard everyone from a former employer to a Senator state we should ignore the bad and allow the mind to cultivate only a positive thought stream. In addition, distance ourselves from the negative and negative persons  Well guess what, that is a form of brainwashing.  Translation: ” Just forget the guy who steals a bunch of stuff from you( and keeps stealing things) move on and concentrate on your life of video games, junk food, porn, television and everything will sort itself out.”  As a friend of mine put it,  “You can’t just ignore the bad and expect that it will take care of itself.  “  You cannot only deal with the ‘good’ but you must deal with the ‘bad’ as well. 

  • HowardJohnson

    What it really comes down to is a mind set that is a media byproduct of corporate culture.  I have heard everyone from a former employer to a Senator state we should ignore the bad and allow the mind to cultivate only a positive thought stream. In addition, distance ourselves from the negative and negative persons  Well guess what, that is a form of brainwashing.  Translation: ” Just forget the guy who steals a bunch of stuff from you( and keeps stealing things) move on and concentrate on your life of video games, junk food, porn, television and everything will sort itself out.”  As a friend of mine put it,  “You can’t just ignore the bad and expect that it will take care of itself.  “  You cannot only deal with the ‘good’ but you must deal with the ‘bad’ as well. 

  • http://hormeticminds.blogspot.com/ Chaorder Gradient
  • http://disinfo.com Majestic

    Thanks – now fixed.

  • Simiantongue

    Ha ha ha. The NYT preaching about knowns that people choose to unknow. I could maybe stomach this coming from some sources, not this one. 

  • Simiantongue

    Ha ha ha. The NYT preaching about knowns that people choose to unknow. I could maybe stomach this coming from some sources, not this one.