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Bill Fulkerson

Toward a New Fiscal Constitution by Mariana Mazzucato & Robert Skidelsky - Project Synd... - 0 views

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    With the COVID-19 pandemic forcing governments to spend on an unprecedented scale to sustain businesses and households, there has never been a better time to restore the state to its proper role as a rudder for the broader economy. The market alone is simply no match for the challenges of the twenty-first century.
Bill Fulkerson

Quantum causal loops - 0 views

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    Normally, causal influence is assumed to go only one way-from cause to effect-and never back from the effect to the cause-the ringing of a bell does not cause the pressing of the button that triggered it. Now, researchers from the University of Oxford and the Université libre de Bruxelles have developed a theory of causality in quantum theory, according to which cause-effect relations can sometimes form cycles. This theory offers a novel understanding of exotic processes in which events do not have a definite causal order. The study has been published in Nature Communications.
Bill Fulkerson

Exclusive: Countries To Face a 'Wave' of Corporate Lawsuits Challenging Emergency COVID... - 0 views

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    Yves here. So now it's clear: some companies and their law firm enablers see their right to profit, even in the face of the Covid-19 pandemic, as more important than human lives. This has been an underlying theme of investor-state dispute settlement suits (which we've written about extensively), but it's never been as crass as here. On top of everything else, these actions will deplete government coffers, adding to public distress. The only upside is this sort of thing should kill incorporating meaningful investor-state dispute settlement provisions into future trade deals.
Bill Fulkerson

What if the car of the future isn't a car at all? - 0 views

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    This week, Cruise, the autonomous driving startup acquired by General Motors, announced its Origin, a self-driving vehicle that purports to be what comes next after the car. The Origin looks a bit like a large metal box on wheels. It lacks pedals, a steering wheel, a trunk, or even an engine, and has doors that slide open to reveal an interior with two facing bench seats. It is intended to act as a shuttle service that drives itself. Call the Origin with an app, get to where you're going, and never own a car again. That's the idea, anyway.
Bill Fulkerson

Robots help to answer age-old question of why fish school - 0 views

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    A fish school is a striking demonstration of synchronicity. Yet centuries of study have left a basic question unanswered: Do fish save energy by swimming in schools? Now, scientists from the Max Planck Institute of Animal Behavior (MPI-AB), the University of Konstanz, and Peking University have provided an answer that has long been suspected but never conclusively supported by experiments: yes.
Steve Bosserman

We Need an FDA For Algorithms: UK mathematician Hannah Fry on the promise and danger of... - 0 views

  • Right now other people are making lots of money on our data. So much money. I think the one that stands out for me is a company called Palantir, founded by Peter Thiel in 2003. It’s actually one of Silicon Valley’s biggest success stories, and is worth more than Twitter. Most people have never heard of it because it’s all operating completely behind the scenes. This company and companies like it have databases that contain every possible thing you can ever imagine, on you, and who you are, and what you’re interested in. It’s got things like your declared sexuality as well as your true sexuality, things like whether you’ve had a miscarriage, whether you’ve had an abortion. Your feelings on guns, whether you’ve used drugs, like, all of these things are being packaged up, inferred, and sold on for huge profit.
  • Do we need to develop a brand-new intuition about how to interact with algorithms? It’s not on us to change that as the users. It’s on the people who are designing the algorithms to make their algorithms to fit into existing human intuition.
Steve Bosserman

Why divine immanence mattered for the Civil Rights struggle - Vaneesa Cook | Aeon Ideas - 0 views

  • ‘I am here taking a stand for what I believe is right. But now I am afraid,’ King prayed at his kitchen table. ‘At that moment,’ he wrote in Stride Toward Freedom (1958), ‘I experienced the presence of the Divine as I had never experienced God before. It seemed as though I could hear the quiet assurance of an inner voice saying: “Stand up for justice, stand up for truth; and God will be at your side forever.” Almost at once my fears began to go. My uncertainty disappeared. I was ready to face anything.’
  • The night before his assassination, while addressing a group of sanitation workers on strike in Memphis, King spoke of God. Though he warned of ‘difficult days ahead’, he claimed that God had allowed him ‘to go up to the mountain’ and see the ‘Promised Land’. ‘I may not get there with you. But I want you to know tonight, that we, as a people, will get to the Promised Land … Mine eyes have seen the glory of the coming of the Lord!’
Steve Bosserman

OPINION: Let's follow New Zealand's lead in how we measure well-being | Ensia - 0 views

  • In New Zealand, a new generation of leadership has arisen, symbolized by Ardern: wise to the danger our planet is in; alive to the opportunities of a greener, fairer society; and not beholden to the outdated economic doctrines that have led us into this predicament. In New Zealand, GDP will no longer be the sole measure of success for economic policies, because GDP is not, and has never been, the best or only way to measure social development. In many ways, New Zealand’s new approach is a return to a more honest, more grounded way of practicing economics, more rooted in the real world, as Makhlouf explains. “Economics is about trade-offs,” he says. “Economics is about the fact that there are finite resources to meet unlimited wants and what’s the best way of dealing with that problem. What the Treasury is suggesting now is that we can become a bit more sophisticated than in the past at making those trade-offs.”
Steve Bosserman

Why Didn't America Become Part of the Modern World? - 0 views

  • Now you know what modernity is. It’s the idea that poverty causes ruin, and so the primary job of a modern society is to eliminate poverty, of all kinds, to give people decent lives at a bare minimum — and a social contract which does all that. Hence, Europe became a place rich in public goods, like healthcare, media, finance, transport, safety nets, etcetera, things which all people enjoy, which secure the basics of a good life — all the very same things you intuitively think of when you think of a “modern society” — but America didn’t.
  • So in America, poverty wasn’t seen as a social bad or ill — it was seen as a necessary way to discipline, punish, and control those with a lack of virtue, a deficit of strength, to, by hitting them with its stick, to inculcate the virtues of hard work, temperance, industriousness, and above all, self-reliance. The problem, of course, was that the great lesson of history was that none of this was true — poverty didn’t lead to virtue. It only led to ruin.
  • So here America is. Modernity’s first failed state. The rich nation which never cared to join the modern world, too busy believing that poverty would lead to virtue, not ruin. Now life is a perpetual, crushing, bruising battle, in which the stakes are life or death — and so people take out their bitter despair and rage by putting infants on trial. History is teaching us the same lesson, all over again. Americans might not even learn it the second time around. But the world, laughing in horror, in astonishment, in bewilderment, should.
Steve Bosserman

Are we living in a post-truth era? Yes, but that's because we're a post-truth species. - 0 views

  • A cursory look at history reveals that propaganda and disinformation are nothing new. In fact, humans have always lived in the age of post-truth. Homo sapiens is a post-truth species, who conquered this planet thanks above all to the unique human ability to create and spread fictions. We are the only mammals that can cooperate with numerous strangers because only we can invent fictional stories, spread them around, and convince millions of others to believe in them. As long as everybody believes in the same fictions, we all obey the same laws and can thereby cooperate effectively.
  • The truth is, truth has never been high on the agenda of Homo sapiens. If you stick to unalloyed reality, few people will follow you. False stories have an intrinsic advantage over the truth when it comes to uniting people. If you want to gauge group loyalty, requiring people to believe an absurdity is a far better test than asking them to believe the truth. If the chief says the sun rises in the west and sets in the east, only true loyalists will clap their hands. Similarly, if all your neighbors believe the same outrageous tale, you can count on them to stand together in times of crisis. If they are willing to believe only accredited facts, what does that prove?
  • Yet the difference between holy books and money is far smaller than it might seem. When most people see a dollar bill, they forget that it is just a human convention. As they see the green piece of paper with the picture of the dead white man, they see it as something valuable in and of itself. They hardly ever remind themselves, “Actually, this is a worthless piece of paper, but because other people view it as valuable, I can make use of it.” If you observed a human brain in an fMRI scanner, you would see that as someone is presented with a suitcase full of hundred-dollar bills, the parts of the brain that start buzzing with excitement are not the skeptical parts but the greedy parts. Conversely, in the vast majority of cases people begin to sanctify the Bible or the Vedas only after long and repeated exposure to others who view it as sacred. We learn to respect holy books in exactly the same way we learn to respect paper currency.
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  • Humans have a remarkable ability to know and not know at the same time. Or, more correctly, they can know something when they really think about it, but most of the time they don’t think about it, so they don’t know it. If you really focus, you realize that money is fiction. But you usually don’t think about it. If you are asked about it, you know that soccer is a human invention. But in the heat of a match, nobody asks. If you devote the time and energy, you can discover that nations are elaborate yarns. But in the midst of a war, you don’t have the time and energy.
  • Truth and power can travel together only so far. Sooner or later they go their separate paths. If you want power, at some point you will have to spread fictions. If you want to know the truth about the world, at some point you will have to renounce power. You will have to admit things — for example, about the sources of your own power — that will anger allies, dishearten followers, or undermine social harmony.
  • As a species, humans prefer power to truth. We spend far more time and effort on trying to control the world than on trying to understand it — and even when we try to understand it, we usually do so in the hope that understanding the world will make it easier to control it. If you dream of a society in which truth reigns supreme and myths are ignored, you have little to expect from Homo sapiens. Better to try your luck with chimps.
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