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Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

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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
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60 Minutes: Facial and emotional recognition; how one man is advancing artificial intel... - 0 views

  • Basically chauffeurs, truck drivers anyone who does driving for a living their jobs will be disrupted more in the 15 to 20 year time frame and many jobs that seem a little bit complex, chef, waiter, a lot of things will become automated we'll have automated stores, automated restaurants, and all together in 15 years, that's going to displace about 40 percent of the jobs in the world.
  • Because I believe in the sanctity of our soul. I believe there is a lot of things about us that we don't understand. I believe there's a lot of love and compassion that is not explainable in terms of neural networks and computation algorithms. And I currently see no way of solving them. Obviously, unsolved problems have been solved in the past. But it would be irresponsible for me to predict that these will be solved by a certain timeframe.
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Here's why robots are making income inequality even worse - 0 views

  • Automation has not triggered mass unemployment, despite concerns about increasingly-realistic innovations like driverless trucks and ATMs that can handle mortgages. But already, around the edges, robots are on the rise — creating cost savings that benefit corporations and Americans who run businesses. These benefits are increasingly going to a small group at the top.In fact, the income gap between the super rich and middle class has also increased at a rapid clip — by $58,800 between 2010 and 2015, as Bloomberg reported. And within the middle class itself, the gap between upper and lower middle class grew by $9,000.
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