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Bill Fulkerson

Why Positive Thinking Won't Get You Out of Poverty | naked capitalism - 0 views

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    "n a recent article in the New York Times, the development economist Seema Jayachandran discusses three studies that used Randomised Controlled Trials (or RCTs) to understand the benefits of enhancing the self-worth of poor people. Despite wide differences in context, all the cases explore the viability of 'modest interventions' to 'instill hope' in marginalised communities, concluding that 'remarkable improvements' in the quest for poverty reduction are possible."
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

What smart bees can teach humans about collective intelligence - 0 views

  • Why do groups of humans sometimes exhibit collective wisdom and at other times madness? Can we reduce the risk of maladaptive herding and at the same time increase the possibility of collective wisdom?
  • Understanding this apparent conflict has been a longstanding problem in social science. The key to this puzzle could be the way that individuals use information from others versus information gained from their own trial-and-error problem solving. If people simply copy others without reference to their own experience, any idea – even a bad one – can spread. So how can social learning improve our decision making? Striking the right balance between copying others and relying on personal experience is key. Yet we still need to know exactly what the right balance is.
  • Our results suggest that we should be more aware of the risk of maladaptive herding when these conditions – large group size and a difficult problem – prevail. We should take account of not just the most popular opinion, but also other minority opinions. In thinking this way, the crowd can avoid maladaptive herding behaviour. This research could inform how collective intelligence is applied to real-world situations, including online shopping and prediction markets.
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  • Stimulating independent thought in individuals may reduce the risk of collective madness. Dividing a group into sub-groups or breaking down a task into small easy steps promotes flexible, yet smart, human “swarm” intelligence. There is much we can learn from the humble bee.
Steve Bosserman

America's Other Family-Separation Crisis | The New Yorker - 0 views

  • America imprisons women in astonishing numbers. The population of women in state prisons has increased by more than eight hundred per cent in the past four decades. The number of women in local jails is fourteen times higher than it was in the nineteen-seventies; most of these women haven’t been convicted of a crime but are too poor to post bail while awaiting trial. The majority have been charged with low-level, nonviolent offenses, such as drug possession, shoplifting, and parole violations. The result is that more than a quarter of a million children in the U.S. have a mother in jail. One in nine black children has a parent who is, or has been, incarcerated.
Bill Fulkerson

Opinion | A Coronavirus Vaccine Is Coming. Just Don't Call It 'Warp Speed.' - The New Y... - 0 views

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    But the concept of developing a vaccine at "warp speed" makes many people uncomfortable. In a May survey, 49 percent of the Americans polled said they plan to get a coronavirus vaccine when one is available, 20 percent do not, and 31 percent indicated that they were not sure. The World Health Organization considers "vaccine hesitancy" a major threat to global health, and poor uptake would jeopardize the impact of a coronavirus vaccine.
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