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Bill Fulkerson

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

www.nakedcapitalism.com/...ernist-thinking-exploding.html

capitalism power society

shared by Bill Fulkerson on 11 Mar 17 - No Cached
  • Bill Fulkerson on 11 Mar 17
     
    " 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
Bill Fulkerson

Anatomy of an AI System - 1 views

anatomyof.ai

AI amazon

shared by Bill Fulkerson on 14 Sep 18 - No Cached
  • Bill Fulkerson on 14 Sep 18
     
    "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
Bill Fulkerson

They Made a Movie Out of It | James Pogue - 0 views

thebaffler.com/...y-made-a-movie-out-of-it-pogue

writing publishing

shared by Bill Fulkerson on 31 Jan 20 - No Cached
  • Bill Fulkerson on 31 Jan 20
     
    At least some of my peers are now handing over their working lives to producing cynical content rigged to fit the desires of streaming services, which, when you think about it, is a small tragedy for a world as fucked as ours. Most of the good writers are not. But how could you not at least think about these imperatives when a strange new amalgam of Hollywood and tech offers the greatest rewards for a hit second novel and when magazines pay below rates that were standard three decades ago? Almost all notable book-length nonfiction written in this country emerges as an expansion of work that was first published by a magazine, so-whether they admit it or not-magazines are the incubators for the nonfiction writers who describe our world. But these outlets generally make not the barest pretense of trying to pay writers enough to build a life. Instead, editors at prestige outlets increasingly view writing as germinal IP.
Steve Bosserman

How Neuroscience Can Help Us Treat Trafficked Youth - Pacific Standard - 0 views

psmag.com/...help-us-treat-trafficked-youth

neuroscience youth "human trafficking"

shared by Steve Bosserman on 04 May 18 - No Cached
  • A common misconception is that these youths are choosing to engage in the commercial sex trade. But as recent advances in neuroimaging techniques help scientists unravel the myriad ways that trauma affects the brain, emerging evidence suggests that brain changes resulting from trauma could make young people more vulnerable to exploiters and less receptive to people trying to help. Rather than making a conscious decision to rebel, these kids are simply doing their best to survive, using the adaptive strategies that their brains developed in response to a perilous world.
  • Though the human brain is adaptable throughout life, adaptability is greatest during childhood, as the developing brain responds to the surrounding environment. Survival is the brain's top priority. Young people growing up in dangerous environments will develop brains that are highly responsive to threat cues. In particular, recent studies show that children who have experienced trauma exhibit drastic changes in their amygdala, an area of the brain wired to identify signs of danger.
  • Besides the amygdala, another brain region affected by trauma is the hippocampus, an area involved with contextual learning and memory. The hippocampus takes context into account, so that a person can appropriately respond to the same cues in different situations. For instance, most people would respond differently to hearing gunfire in a shooting range than they would to hearing gunfire in an airport.
  • ...2 more annotations...
  • McLaughlin's research shows that youth who have experienced trauma have a smaller hippocampus than those who haven't, and are less able to take context into account when they detect a threat cue. When McLaughlin presented images of faces embedded in real-world scenes to kids, those with a history of trauma exhibited less activity in their hippocampus while viewing angry facial expressions. And when given a memory test afterward, they were less able to remember scenes in which they'd identified people displaying anger.
  • Because the brain remains malleable throughout life, it's never too late to mitigate the effects of trauma, McLaughlin says. There are a variety of evidence-based treatments that have proven effective in alleviating the mental-health consequences of trauma. For example, the technique of cognitive reappraisal, a cornerstone of Trauma-Focused Cognitive Behavioral Therapy, can help victims better regulate their emotions by changing the way they view a distressing situation. They can try to imagine that the situation is occurring far away from them, or that they are viewing the event from a removed perspective, as though watching a movie screen. When McLaughlin taught such techniques to young people in her lab, they were able to decrease their emotional reactivity as well as their amygdala response to negative stimuli.
Steve Bosserman

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

ideas.ted.com/ause-were-a-post-truth-species

mythology religion fake news post-truth storytelling

shared by Steve Bosserman on 08 Feb 19 - No Cached
  • 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.
  • ...3 more annotations...
  • 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.
Steve Bosserman

Modeling the global economic impact of AI | McKinsey - 0 views

www.mckinsey.com/...act-of-ai-on-the-world-economy

artificial intelligence global economy

shared by Steve Bosserman on 01 Dec 18 - No Cached
  • The role of artificial intelligence (AI) tools and techniques in business and the global economy is a hot topic. This is not surprising given that AI might usher in radical—arguably unprecedented—changes in the way people live and work. The AI revolution is not in its infancy, but most of its economic impact is yet to come.
  • New research from the McKinsey Global Institute attempts to simulate the impact of AI on the world economy. First, it builds on an understanding of the behavior of companies and the dynamics of various sectors to develop a bottom-up view of how to adopt and absorb AI technologies. Second, it takes into account the likely disruptions that countries, companies, and workers are likely to experience as they transition to AI. There will very probably be costs during this transition period, and they need to be factored into any estimate. The analysis examines how economic gains and losses are likely to be distributed among firms, employees, and countries and how this distribution could potentially hamper the capture of AI benefits. Third, the research examines the dynamics of AI for a wide range of countries—clustered into groups with similar characteristics—with the aim of giving a more global view.
  • The analysis should be seen as a guide to the potential economic impact of AI based on the best knowledge available at this stage. Among the major findings are the following: There is large potential for AI to contribute to global economic activity A key challenge is that adoption of AI could widen gaps among countries, companies, and workers
Bill Fulkerson

Cartels, competition, and coalitions: the domestic drivers of international orders: Rev... - 0 views

www.tandfonline.com/...09692290.2020.1788971

economy orders drivers competition

shared by Bill Fulkerson on 12 Jul 20 - No Cached
  • Bill Fulkerson on 12 Jul 20
     
    Most theoretical and empirical accounts of trade politics focus on political conflict among competing private interest groups and over policies between the dichotomy of trade liberalization and protectionism. This article challenges this conceptualization by arguing that issues of antitrust, market power, and competition are central to the politics over free trade, and that in this domain state actors are comparatively more important. Original archival evidence from the American New Deal and post-war foreign economic policy shows that post-war free-trade policies were heavily influenced by views, formed in the 1930s, about domestic industrial organization and antitrust. These preferences were then pushed into international economic policy during and after World War II through trade negotiations, extraterritorial application of American law, and pressure for domestic competition laws abroad. In one of the most prominent episodes of trade liberalization, an antitrust campaign and debate permeated trade issues, based in independent state learning and economic preferences.
Bill Fulkerson

Are the elites worse than you think? - Marginal REVOLUTION - 0 views

marginalrevolution.com/...-are-worse-than-you-think.html

elites decision making

shared by Bill Fulkerson on 16 Dec 20 - No Cached
  • Bill Fulkerson on 16 Dec 20
     
    .... elites are arguing from their class and demographic biases (a bias can be positive, to be clear), not from their expertise. That lowers the marginal value of expertise, at least given how our world operates. I recall earlier research blogged by Alex showing that if you are a French economist, your views are more influenced by being a French person than by being an economist.
Steve Bosserman

Donald Trump, the First President of Our Post-Literate Age - Bloomberg View - 0 views

www.bloomberg.com/...ident-of-our-post-literate-age

literacy platforms social media storytelling

shared by Steve Bosserman on 02 Dec 16 - No Cached
  • And here we begin to see how the age of social media resembles the pre-literate, oral world. Facebook, Twitter, Snapchat and other platforms are fostering an emerging linguistic economy that places a high premium on ideas that are pithy, clear, memorable and repeatable (that is to say, viral). Complicated, nuanced thoughts that require context don’t play very well on most social platforms, but a resonant hashtag can have extraordinary influence.
Steve Bosserman

How Do We Reclaim Control Of Our Lives When the Economy Looms So Grim? | naked capitalism - 0 views

www.nakedcapitalism.com/...-lives-economy-looms-grim.html

work-life balance meaningful work

shared by Steve Bosserman on 03 Apr 17 - No Cached
  • What he found was that—in the absence of a perpetually-growing economy—community and culture are key. He quotes, for example, the historian Juliet Schor’s view of working life in the Middle Ages: “The medieval calendar was filled with holidays …These were spent both in sober churchgoing and in feasting, drinking and merrymaking …All told, holiday leisure time in medieval England took up probably about one third of the year. And the English were apparently working harder than their neighbors. The ancien régime in France is reported to have guaranteed fifty-two Sundays, ninety rest days, and thirty-eight holidays. In Spain, travelers noted that holidays totaled five months per year.”
  • Reading this took me back to a childhood fed by TV programmes like the BBC’s Tomorrow’s World, which had informed me that by now robots would be doing all the menial work, leaving humans free to relax and enjoy an abundance of leisure time. So it came as a shock to realise that the good folk of the Middle Ages were enjoying far more of it than we are in our technologically-advanced society. What gives? Fleming explains, “In a competitive market economy a large amount of roughly-equally-shared leisure time – say, a three-day working week, or less – is hard to sustain, because any individuals who decide to instead work a full week can produce for a lower price (by working longer hours than the competition they can produce a greater quantity of goods and services, and thus earn the same wage by selling each one more cheaply). These more competitive people would then be fully employed, and would put the more leisurely out of business completely. This is what puts the grim into reality.”
Steve Bosserman

Social Media's Globe-Shaking Power - The New York Times - 0 views

www.nytimes.com/...edias-globe-shaking-power.html

social media politics power change

shared by Steve Bosserman on 17 Nov 16 - No Cached
  • For people who like an orderly, predictable world, this is the scariest thing about Facebook; not that it may be full of lies (a problem that could potentially be fixed), but that its scope gives it real power to change history in bold, unpredictable ways.
  • One is the ubiquity of Facebook, which has reached a truly epic scale. Last month the company reported that about 1.8 billion people now log on to the service every month. Because social networks feed off the various permutations of interactions among people, they become strikingly more powerful as they grow. With about a quarter of the world’s population now on Facebook, the possibilities are staggering.
  • Thanks to the internet, now each person with once-maligned views can see that he’s not alone. And when these people find one another, they can do things — create memes, publications and entire online worlds that bolster their worldview, and then break into the mainstream.
Steve Bosserman

The complexity of social problems is outsmarting the human brain | Aeon Essays - 0 views

aeon.co/...is-outsmarting-the-human-brain

complexity brain wisdom cognition

shared by Steve Bosserman on 03 May 17 - No Cached
  • It’s time we asked whether political frustration, anger and resistance to conflicting ideas results in part from a basic lack of ability to sense how the present world works. The best defence against runaway combative ideologies isn’t more facts, arguments and a relentless hammering away at contrary opinions, but rather a frank admission that there are limits to both our knowledge and our assessment of this knowledge. If the young were taught to downplay blame in judging the thoughts of others, they might develop a greater degree of tolerance and compassion for divergent points of view. A kinder world calls for a new form of wisdom of the crowd.
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