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" Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o

"How the 'emotional contagion' of memes makes them the internet's moral conscience By Allie Volpe Aug 27, 2018, 11:30am EDT Illustration by Alex Castro & Keegan Larwin SHARE Newly single, Jason Donahoe was perusing Tinder for the first time since it started integrating users' Instagram feeds. Suddenly, he had an idea: follow the Instagram accounts of some of the women he'd been interested in but didn't match with on the dating service. A few days later, he considered taking it a step further and direct messaging one of the women on Instagram. After all, the new interface of the dating app seemed to encourage users to explore other areas of potential matches' online lives, so why not take the initiative to reach out? Before he had a chance, however, he came across the profile of another woman whose Tinder photo spread featured a meme with Parks and Recreation character Jean-Ralphio Saperstein (Ben Schwartz) leaning into the face of Ben Wyatt (Adam Scott) with the caption: hey I saw you on Tinder but we didn't match so I found your Instagram you're so beautiful you don't need to wear all that makeup ahah I bet you get a lot of creepy dm's but I'm not like all those other guys message me back beautiful btw what's your snap "I was like, 'Oh shit, wow,'" Donahoe says. Seeing his potential jerk move laid out so plainly as a neatly generalized joke, he saw it in a new light. "I knew a) to be aware of that, and b) to cut that shit out … It prompted self-reflection on my part." THE MOST SUCCESSFUL MEMES STRIKE A CULTURAL CHORD AND CAN GUIDE AND EVEN INFLUENCE BEHAVIOR Donahoe says memes have resonated with him particularly when they depict a "worse, extreme version" of himself. For Donahoe, the most successful memes are more than just jokes. They "strike a societal, cultural chord" and can be a potent cocktail for self-reflection as tools that can guide and even influence behavior. In the months leading up to the 2016 US

"It's time to consider, I suggest, a renewal of the traditions of American federalism: a systematic devolution of power from the overinflated federal government to the states, and from the states to the people. It's time for people in Massachusetts to accept that they're never going to be able to force people in Oklahoma to conform to their notions of moral goodness, and for the people of Oklahoma to accept the same thing about the people of Massachusetts; furthermore, it's time for government at all levels to give up trying to impose cultural uniformity on the lively diversity of our republic's many nations, and settle for their proper role of ensuring equal protection under the laws, and those other benefits that governments, by their nature, are best suited to provide for their citizens. "

Pandemic shaming, a national pastime since the spring, intensified in the weeks leading up to Thanksgiving. Thousands waited in line, some for many hours, for a preholiday coronavirus test, only to be rebuked as careless, selfish violators of public-health rules. "I do want people to understand that testing on Thursday so you can party on Saturday: That doesn't work," said Barbara Ferrer, Los Angeles County's director of public health. "It's not effective, and you really are in some ways wasting a valuable resource." Those long lines included people whose families were begging them to visit; students whose campuses had just closed for the semester; and people who were observing state rules requiring visitors to get tested 72 hours before arriving. Yet even people who were trying to be careful weren't spared from criticism: Many news articles and comments from public officials portrayed Thanksgiving travelers, regardless of the precautions they were taking, as irresponsible people. On social media, they were maligned as #covidiots, recklessly endangering themselves and their loved ones.

"That said, there's another factor driving the reaction of Clinton's supporters, and the best way I can find to approach it is to consider one of the more thoughtful responses from that side of the political landscape, an incisive essay posted to Livejournal last week by someone who goes by the nom de Web "Ferrett Steinmetz." The essay's titled The Cold, Cold Math We'll Need to Survive the Next Twenty Years, and it comes so close to understanding what happened last Tuesday that the remaining gap offers an unsparing glimpse straight to the heart of the failure of the Left to make its case to the rest of the American people. At the heart of the essay are two indisputable points. The first is that the core constituencies of the Democratic Party are not large enough by themselves to decide who gets to be president. That's just as true of the Republican party, by the way, and with few exceptions it's true in every democratic society.  Each party large enough to matter has a set of core constituencies who can be counted on to vote for it under most circumstances, and then has to figure out how to appeal to enough people outside its own base to win elections. That's something that both parties in the US tend to forget from time to time, and when they do so, they lose. The second indisputable point is that if Democrats want to win an election in today's America, they have to find ways to reach out to people who don't share the values and interests of the Left. It's the way that Ferrett Steinmetz frames that second point, though, that shows why the Democratic Party failed to accomplish that necessary task this time. "We have to reach out to people who hate us," Steinmetz says, and admits that he has no idea at all how to do that. "

"The other way people change is just by being young.  Neoliberalism, shit that it is, worked for a lot of people. A lot of people got reasonably wealthy off it because it raised asset prices massively, both in the stock market and in housing, and if you were in place or able to take advantage of those things, you got a lot of money doing basically nothing."

Goal: The purpose of this article is to introduce a new strategy to identify areas with high human density and mobility, which are at risk for spreading COVID-19. Crowded regions with actively moving people (called at-risk regions) are susceptible to spreading the disease, especially if they contain asymptomatic infected people together with healthy people. Methods: Our scheme identifies at-risk regions using existing cellular network functionalities-handover and cell (re)selection-used to maintain seamless coverage for mobile end-user equipment (UE). The frequency of handover and cell (re)selection events is highly reflective of the density of mobile people in the area because virtually everyone carries UEs. Results: These measurements, which are accumulated over very many UEs, allow us to identify the at-risk regions without compromising the privacy and anonymity of individuals. Conclusions: The inferred at-risk regions can then be subjected to further monitoring and risk mitigation.

"With each interaction, Alexa is training to hear better, to interpret more precisely, to trigger actions that map to the user's commands more accurately, and to build a more complete model of their preferences, habits and desires. What is required to make this possible? Put simply: each small moment of convenience - be it answering a question, turning on a light, or playing a song - requires a vast planetary network, fueled by the extraction of non-renewable materials, labor, and data. The scale of resources required is many magnitudes greater than the energy and labor it would take a human to operate a household appliance or flick a switch. A full accounting for these costs is almost impossible, but it is increasingly important that we grasp the scale and scope if we are to understand and govern the technical infrastructures that thread through our lives. III The Salar, the world's largest flat surface, is located in southwest Bolivia at an altitude of 3,656 meters above sea level. It is a high plateau, covered by a few meters of salt crust which are exceptionally rich in lithium, containing 50% to 70% of the world's lithium reserves. 4 The Salar, alongside the neighboring Atacama regions in Chile and Argentina, are major sites for lithium extraction. This soft, silvery metal is currently used to power mobile connected devices, as a crucial material used for the production of lithium-Ion batteries. It is known as 'grey gold.' Smartphone batteries, for example, usually have less than eight grams of this material. 5 Each Tesla car needs approximately seven kilograms of lithium for its battery pack. 6 All these batteries have a limited lifespan, and once consumed they are thrown away as waste. Amazon reminds users that they cannot open up and repair their Echo, because this will void the warranty. The Amazon Echo is wall-powered, and also has a mobile battery base. This also has a limited lifespan and then must be thrown away as waste. According to the Ay

"Prosociality is endemic. In a common experiment called the social dilemma, anonymous subjects choose between a "defection" strategy that maximizes their own personal payoffs, and a "cooperation" strategy that gains them slightly less, but gives other members of the group substantially more. Up to 97% of subjects choose cooperation in some social dilemmas. Not surprisingly, researchers have found that the incidence of such prosocial behaviors declines as the personal cost of acting prosocially rises. We are more likely to be nice when it only takes a little, not a lot, of skin off our noses. But the scientific evidence demonstrates the vast majority of people will make at least small sacrifices to follow their conscience and help others."

"Altman says he's just as hopeful about the potential for basic income as he was in 2016. Guaranteed income could unlock incredible human potential, when people no longer have to worry about their basic needs, he says. Even with their basic needs met, people will still be motivated to work and be productive. "Human desire for status and other silly things is totally limitless," he says."

"The idea that all humanity is equally and collectively responsible for climate change - or any other environmental or social problem - is extremely weak. In a basic and easily calculable way, not everyone is responsible for the same quantity of greenhouse gasses. People in the world's poorest countries produce roughly one hundredth of the emissions of the richest people in the richest countries. Through the chance of our births, and the lifestyle we choose we are not all equally responsible for climate change."

"I like this piece by Kate Aronoff looking back on WPA "boondoggles" in the context of a suddenly much discussed job guarantee. A lot of people deserve congratulations for the suddenly much-discussedness of job guarantee proposals. People like William Darity, Darrick Hamilton, and Mark Paul, Pavlina Tcherneva, Randy Wray, and others have worked doggedly through years of winter to keep this (by no means new) idea alive while no major political faction in the United States was willing to give it the time of day. Now, all of a sudden, Democratic Party(ish) bigwigs including Kristen Gillibrand, Cory Booker, and Bernie Sanders are racing onto the bandwagon. Persistence pays (although perhaps not quite a living wage). Let's get this part out of the way. I'm for it, if it's well implemented. What about a UBI? I'm for that too, if it's well implemented. Do we need both? Well, they do complement each other: Pairing a job guarantee with a UBI would mitigate the risk that the "guarantee" would transmogrify under political pressure into a punitive workfare program. Pairing a UBI with a job guarantee would mitigate the risk that we neglect the broader project of integrating one another into a vibrant society, that we let a check in the mail substitute for human engagement. If we could get both a UBI and a JG, that'd be great. (Of course, if we did get both, we'd want the numbers to be different than either as a standalone.)"

"When it seems like people are voting against their interests, I have probably failed to understand their interests. We cannot begin to understand Election 2016 until we acknowledge the power and reach of socialism for white people. Americans with good jobs live in a socialist welfare state more generous, cushioned and expensive to the public than any in Europe. Like a European system, we pool our resources to share the burden of catastrophic expenses, but unlike European models, our approach doesn't cover everyone."