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anonymous

Bipartisan Spring - 0 views

www.foreignpolicy.com/...bipartisan_spring

longgame foreignpolicy

shared by anonymous on 04 Mar 10 - Cached
  • How to explain this surprising if well-concealed comity? Some is due to the inevitable transformation that every party goes through when it moves from the opposition to the White House. Being in power tends to breed responsibility, just as being out of power breeds irresponsibility. Many Republicans during the Clinton years turned toward quasi-isolationism and opposed Clinton's policies -- even his hawkish policies -- simply because they hated Clinton. Many Democrats  showed great solidarity with Bush after September 11, 2001 -- a bipartisan moment that Bush helped squander. But they soon came to oppose almost everything Bush did, even policies traditionally associated with the Democratic Party, such as democracy promotion and nation-building, and even when, as in the case of the surge in Iraq, the most likely beneficiary of success would be a Democratic president.
    • anonymous
      anonymous on 04 Mar 10
       
      This is classically predictable behavior. To add to the example: Note how every time a Democrat inhabits the Oval Office, Republicans "rediscover" small government. You can practically set your watch to it.
  • The irony is that in some ways Obama has been fighting the war on terror at least as vigorously as his predecessor. He escalated the war in Afghanistan. He greatly increased drone attacks on suspected terrorists in Pakistan. Indeed, the Obama administration carried out more drone strikes in its first year than the Bush administration carried out in the previous five years combined, producing a record number of enemy casualties. Although the Obama administration may be more generous in providing legal defense to captured terrorists than the Bush administration, it also makes a greater effort to assassinate them, thus obviating the need for trials. 
    • anonymous
      anonymous on 04 Mar 10
       
      A hypothetical president Nader would have even done this stuff, however reluctantly. I think the American electorate deeply misunderstands the degree of pressure on any sitting president to continue policies. *Inertia* is a powerful force in all politics.
  • The most absurd of the "un-Bush" policies of this administration has been its deliberate turn away from helping democrats against autocracies abroad.
    • anonymous
      anonymous on 04 Mar 10
       
      We have never seriously cared about the whole "democracy vs. autocracy" issue. It's a white-bread tool used to sway the electorate. It makes for good flag-waving but, in matters of foreign policy, is practically irrelevant.
  • anonymous on 04 Mar 10
     
    "Washington may be deeply polarized on domestic matters, but when it comes to foreign affairs, a remarkable consensus is taking shape." By Robert Kagan on March 3, 2010 I've maintained for a while that foreign policy is one of those arenas where even when Republicans and Democrats differ, it's not *enough* difference to matter - obligatory histrionics aside.
anonymous

Ancestor Worship is Efficient - 0 views

www.overcomingbias.com/...stor-worship-is-efficient.html

shared by anonymous on 16 Mar 10 - Cached
  • Maybe not “worship” exactly, but at least great respect and deference.  By “efficient” I mean that it increases economists’ standard “cost-benefit” concept of welfare.  That is: as usually estimated, the benefits of deferring greatly to distant ancestors far outweigh its costs.  And while this does suggest that we should defer more to ancestors, it also shows just how much distorted prices can break economists’ favorite tools.
  • Our unthinkingly repugnance at being controlled by the dead, and our eagerness to grab their resources, prevents us from enforcing long-term win-win deals.  This refusal to enforce deals increases interest rates, which distorts all our trade-offs across time, bringing economic welfare estimates into stark conflict with intuitive moral judgments about time trades (as in global warming), which then encourages people to turn to non-economic frameworks for policy analysis.
anonymous

Objectivism & Politics, Part 50 - 0 views

aynrandcontrahumannature.blogspot.com/...ectivism-politics-part-50.html

criticalthinking politics tradition

shared by anonymous on 05 May 10 - Cached
  • Rand is unique in that she tried to justify capitalism and freedom using the same sort of rationalistic assumptions accepted by the Old Left. She insisted, just like so many of the so-called “scientific” socialists and progressives of the nineteenth and early twentieth centuries, that everything in the political and moral realms had to be explicity justified on the basis of “reason.” But whether used to provide the rationalistic justification of socialism, capitalism, or any other ism that a febrile imagination can dream up, all such rationalisms amount to the same thing: incapacity in the face of the complexities of the human condition.
  • Reverence for tradition is, for the intelligent, non-ideological conservative, merely a tool used to compliment less tacit forms of knowledge, such as science and individual experience.
  • Traditional usages often have proven their worth over time, and should not be tossed out merely become some rationalist fails to explain it by “reason.” The conservative proceeds cautiously when reforming a tradition, because he knows, from long experience, how easy it is to make things worse, and that when faced with any daunting complexity, sheer trial and error is often a far better guide than the so-called “reason” of conceited intellectuals.
  • anonymous on 05 May 10
     
    By Greg Nyquist at Ayn Rand Contra Human Nature on May 4, 2010.
anonymous

The Simmering Strategic Clash of U.S.-China Relations - 0 views

www.stratfor.com/...tegic-clash-us-china-relations

shared by anonymous on 20 Jan 11 - Cached
  • Obama stressed that U.S. forward deployment of troops in the Asia-Pacific region brought the stability that was necessary to enable China’s economic rise over the past 30 years — a thinly veiled warning to China against acting as if the United States were an intruder.
  • Obama emphasized, as his generals have, that the United States has a fundamental interest in free and secure passage in international waters in the region, a push against China’s growing military clout in its peripheral seas.
  • Strategic disagreements were not allowed to interfere with the pageantry.
  • ...3 more annotations...
  • Beijing and Washington have good reason to avoid confrontation. Both are overburdened with problems entirely separate from each other.
  • despite nationalist factions at home, Washington and Beijing continue to court stability and functionality.
  • But the strategic distrust is sharpening inevitably as China grows into its own. Beijing is compelled by its economic development to seek military tools to secure its vital supply lines and defend its coasts, the historic weak point where foreign states have invaded.
  • anonymous on 20 Jan 11
     
    "Chinese President Hu Jintao met with U.S. President Barack Obama on Wednesday for the long-awaited bilateral summit and grand state dinner. The night before, Hu met with Obama, Secretary of State Hillary Clinton and National Security Adviser Tom Donilon to discuss strategic issues. "
anonymous

Unrest in the Middle East: A Special Report - 0 views

www.stratfor.com/...est-middle-east-special-report

stratfor geopolitics

shared by anonymous on 17 Feb 11 - Cached
  • High youth unemployment, a lack of political representation, repressive police states, a lack of housing and rising commodity prices are among the more common complaints voiced by protesters across the region.
  • Regime responses to those complaints also have been relatively consistent, including subsidy handouts; changes to the government, in many cases cosmetic; promises of job growth, electoral reform, and a repeal of emergency rule
  • states also has unique circumstances
  • ...18 more annotations...
  • In the past several days Egypt has not witnessed a popular revolution but a carefully managed succession by the military.
  • It must be recognized that the succession crisis in Egypt was playing out between the country’s military elite and Mubarak well before protests began in Egypt on Jan. 25.
  • The demonstrators, encouraged by both internal and external pro-democracy groups, were in fact a critical tool the military used to maneuver Mubarak out while preserving the regime.
  • Though Tunisia had some domestic pro-democracy groups before unrest began in December 2010, Tunisia saw one of the region’s more organic uprisings.
  • The ouster of Ben Ali and his family and a reshuffling of the government for now have calmed most of the unrest. A sense of normalcy is gradually returning as Tunisians look ahead to as-yet unscheduled elections due sometime in 2011.
  • In all likelihood, Tunisia will end up with another government dominated by many of the former Ben Ali elites, albeit with a democratic face.
  • While the civil unrest will continue to capture the cameras’ attention, the real struggle in Algeria is not playing out in the streets. A power struggle has long been under way between the country’s increasingly embattled president, Abdel Aziz Bouteflika, and the head of the Military Directorate of Intelligence and Security (DRS), Gen. Mohamed “Toufik” Mediene.
  • Not by coincidence, one of the main organizers of the demonstrations, Saeed Saidi (a Berber) is known to be on excellent terms with Mediene, also a Berber. The call for Berber rights — Berbers make up roughly one-third of the Algerian population — has been one of the leading drivers of the demonstrations thus far.
  • Now, however, a recently-created Facebook group known as “Moroccans for Change” has called for a nationwide protest Feb. 20, something the government of King Mohammed VI has responded to by meeting with opposition parties and promising to speed up the pace of economic, social and political reforms.
  • In one of its main demands, the opposition has called for a new constitution that would strip power from the monarchy and from the network of state and business elites known as the Makhzen.
  • In sum, the planned demonstrations in Morocco are illustrations of opportunism as opposed to a serious potential popular uprising — much less regime change.
  • King Abdullah II acted quickly to pre-empt major civil unrest in the country by handing out millions of dollars in subsidies and by forming a new government.
  • Bahrain was the first among Persian Gulf countries to witness significant demonstrations, and protesters clashed with riot police early on. After two days of demonstrations led by Shiite opposition groups, a heavy crackdown was launched on Pearl Square in the heart of Manama late Feb. 16 on mostly Shiite protesters who were camping overnight.
  • The ruling Sunni family may be a minority in the Shiite-majority country, but some 54 percent of the population is made up of foreign guest workers, who are notably not taking part in the demonstrations.
  • Poor socio-economic conditions, high youth unemployment (around 26 percent) and disillusionment with the regime are all notable factors in the development of Iran’s opposition movement, but as STRATFOR stressed in 2009, the primarily youth-driven, middle- and upper-class opposition in Tehran is not representative of the wider population, a significant portion of which is supportive of Iranian President Mahmoud Ahmadinejad.
  • The civil unrest in Libya is unlikely to pose a meaningful threat to the regime, but it could impact the country’s ongoing power-struggle between Gadhafi’s two sons.
  • In attempt to take the steam out of the political opposition, Saleh has announced that he will not run for re-election in 2013, and that he would do away with pending amendments that would have abolished presidential term limits.
  • Soon after the unrest in Egypt broke out, Syrian opposition youth activists (most of whom are based outside the country) attempted to organize their own “Day of Rage” via social media to challenge the al Assad regime.
  • anonymous on 17 Feb 11
     
    "Footage of self-immolations in Algeria, clashes between police and protesters in Yemen and Bahrain, government reshufflings in Jordan and fledgling street demonstrations in Iran could lead to the impression of a domino effect under way in the Middle East in which aging autocrats are on the verge of being uprooted by Tunisia-inspired revolutionary fervor. A careful review of unrest in the Middle East and North Africa , however, exposes a very different picture. "
anonymous

Exploitation and Social Justice - 0 views

bhl.typepad.com/...tation-and-social-justice.html

libertarian

shared by anonymous on 08 Mar 11 - Cached
  • All else being equal, it is a good thing for governments to prohibit harmful exploitation - at least when the unfairness rises to a high enough level that we regard it as a violation of the victim's rights.  Taking someone’s labor without giving them the money you promised them is such a case.  It is harmful, and seriously so – they come away worse off (sans their labor and their wages), you come away better off.  Laws that prohibit this protect the vulnerable and are a value tool in the promotion of social justice.
  • anonymous on 08 Mar 11
     
    "The normal tendency of classical liberals is to recoil upon hearing the term "exploitation," especially when its invocation is tied the demand for increased powers for the government. At least since the time of Marx, talk of "exploitation" has mainly been the domain of the political left, especially in critique of the relationship between capital and labor. But it would be a rhetorical and philosophical mistake for classical liberals to concede this concept to the left. Marx was wrong to think that capitalism is inherently exploitative, a mistake grounded in both a theoretical error about the nature of value and various empirical errors about the nature of a market economy. But this does not mean that there is no such thing as exploitation, nor that exploitation is not a serious moral wrong, nor even that capitalism as it exists today is not very often wrongfully exploitative."
anonymous

Russia's Chess Match In Libya - 0 views

www.stratfor.com/...0614-russias-chess-match-libya

russia libya

shared by anonymous on 15 Jun 11 - Cached
  • Gadhafi has never displayed any intention of leaving Libya, a point he reportedly reiterated to Ilyumzhinov during his visit.
  • the best option he can hope for at this point is maintaining power of a rump Libya following a partition of the country (a course of action neither side has advocated publicly).
  • What is known is that no serious effort is being taken to arm and train rebel forces to do the job for the West. This means hopes for regime change ride on NATO planes or the possibility that members of Gadhafi’s own regime might overthrow him. Otherwise, negotiations will eventually have to take place, because no one is prepared to invade Libya or keep bombing it forever.
  • ...5 more annotations...
  • Moscow knows this, and appears to be attempting to set itself up as the mediator in the Libyan conflict, not only between Tripoli and the rebel opposition, but more importantly between Tripoli and the West.
  • No other country is as well placed as Russia to fulfill this role, and Moscow is eager to take advantage of the opportunity. The Germans’ refusal to take part in the air campaign has exposed a major rift in the alliance that works in the Russian interest. Russia also has a strategic interest in positioning itself to be able to exploit Libya’s energy assets: By acting as a mediator to all sides, it can work toward its ultimate aim of scuttling European hopes that North Africa may present an opportunity to lessen the dependence on Russian energy supplies.
    • anonymous
      anonymous on 15 Jun 11
       
      Dominating European energy needs has been a pretty strongly established objective for the Russians since Putin came to power.
  • Credibility is on the line, and that will be a powerful driver for these countries to succeed in their mission of regime change. It came as no surprise last Thursday to hear an anonymous NATO official concede that efforts are being made to assassinate Gadhafi in the course of selecting targets for bombing.
  • Ilyumzhinov may rival Gadhafi for personal eccentricity — Ilyumzhinov is famous for declaring that he was once taken aboard a UFO, and for claiming he can communicate through telepathy — but he is acting as a tool of Russian foreign policy in his dealings with Gadhafi.
  • A former president of the Russian Republic of Kalmykia, he has ties to the Kremlin as well as Russian intelligence. He claims his visit was not mandated by Moscow, yet admits that he informed President Dmitri Medvedev’s personal envoy for Africa, Mikhail Margelov, of his trip in advance.
  • anonymous on 15 Jun 11
     
    "Russian businessman and politician Kirsan Ilyumzhinov told Russian media Tuesday that Libyan leader Moammar Gadhafi is ready to begin immediate talks with NATO and Benghazi-based rebels over the settlement to the Libyan civil war. Ilyumzhinov claims Gadhafi told him this during their recent meeting in Tripoli, when the pair were filmed playing chess by Libyan state television. Ilyumzhinov, the president of the governing body of the international chess world and who has ties to the Kremlin, claims that he offered Gadhafi a draw in the match, not wanting to offend his host. In the same vein, the Russian government is trying to facilitate a draw for Gadhafi in the Libyan conflict, as it asserts itself as a mediator, and more importantly, positions itself to exploit the Libyan crisis for its own geopolitical aims."
anonymous

Readefine - 1 views

readefine.anirudhsasikumar.net

tools admin

shared by anonymous on 29 Jul 11 - No Cached
  • anonymous on 29 Jul 11
     
    "Readefine Desktop beautifies Google Reader articles, RSS, plain text and HTML for easy reading. View multiple articles in a fluid, magazine style layout or navigate one article at a time in a book like multi-column layout. Tweak settings like font size, justification, column width, etc. for that perfect look." This is a stunningly pretty way to use Reader - or any other written thing on the web.
anonymous

USENIX 2011 Keynote: Network Security in the Medium Term, 2061-2561 AD - 1 views

www.antipope.org/...x-2011-keynote-network-se.html

whimsy technology longnow

shared by anonymous on 16 Aug 11 - No Cached
  • if we should meet up in 2061, much less in the 26th century, you’re welcome to rib me about this talk. Because I’ll be happy to still be alive to rib.
  • The question I’m going to spin entertaining lies around is this: what is network security going to be about once we get past the current sigmoid curve of accelerating progress and into a steady state, when Moore’s first law is long since burned out, and networked computing appliances have been around for as long as steam engines?
  • a few basic assumptions about the future
  • ...82 more annotations...
  • it’s not immediately obvious that I can say anything useful about a civilization run by beings vastly more intelligent than us. I’d be like an australopithecine trying to visualize daytime cable TV.
  • The idea of an AI singularity
  • the whole idea of artificial general intelligence strikes me as being as questionable as 19th century fantasies about steam-powered tin men.
  • if you start trying to visualize a coherent future that includes aliens, telepathy, faster than light travel, or time machines, your futurology is going to rapidly run off the road and go crashing around in the blank bits of the map that say HERE BE DRAGONS.
  • at least one barkingly implausible innovation will come along between now and 2061 and turn everything we do upside down
  • My crystal ball is currently predicting that base load electricity will come from a mix of advanced nuclear fission reactor designs and predictable renewables such as tidal and hydroelectric power.
  • We are, I think, going to have molecular nanotechnology and atomic scale integrated circuitry.
  • engineered solutions that work a bit like biological systems
  • Mature nanotechnology is going to resemble organic life forms the way a Boeing 737 resembles thirty tons of seagull biomass.
  • without a technological civilization questions of network security take second place to where to get a new flint arrowhead.
  • if we’re still alive in the 26th century you’re welcome to remind me of what I got wrong in this talk.
  • we’re living through the early days of a revolution in genomics and biology
  • We haven’t yet managed to raise the upper limit on human life expectancy (it’s currently around 120 years), but an increasing number of us are going to get close to it.
  • it’s quite likely that within another century the mechanisms underlying cellular senescence will be understood and treatable like other inborn errors of metabolism
  • another prediction: something outwardly resembling democracy everywhere.
  • Since 1911, democractic government by a republic has gone from being an eccentric minority practice to the default system of government world-wide
  • Democracy is a lousy form of government in some respects – it is particularly bad at long-term planning, for no event that lies beyond the electoral event horizon can compel a politician to pay attention to it
  • but it has two gigantic benefits: it handles transfers of power peacefully, and provides a pressure relief valve for internal social dissent.
  • there are problems
  • . In general, democratically elected politicians are forced to focus on short-term solutions to long-term problems because their performance is evaluated by elections held on a time scale of single-digit years
  • Democratic systems are prone to capture by special interest groups that exploit the information asymmetry that’s endemic in complex societies
  • The adversarial two-party model is a very bad tool for generating consensus on how to tackle difficult problems with no precedents
  • Finally, representative democracy scales up badly
  • Nor are governments as important as they used to be.
  • the US government, the largest superpower on the block right now, is tightly constrained by the international trade system it promoted in the wake of the second world war.
  • we have democratic forms of government, without the transparency and accountability.
  • At least, until we invent something better – which I expect will become an urgent priority before the end of the century.
  • The good news is, we’re a lot richer than our ancestors. Relative decline is not tragic in a positive-sum world.
  • Assuming that they survive the obstacles on the road to development, this process is going to end fairly predictably: both India and China will eventually converge with a developed world standard of living, while undergoing the demographic transition to stable or slowly declining populations that appears to be an inevitable correlate of development.
  • a quiet economic revolution is sweeping Africa
  • In 2006, for the first time, more than half of the planet’s human population lived in cities. And by 2061 I expect more than half of the planet’s human population will live in conditions that correspond to the middle class citizens of developed nations.
  • by 2061 we or our children are going to be living on an urban middle-class planet, with a globalized economic and financial infrastructure recognizably descended from today’s system, and governments that at least try to pay lip service to democratic norms.
  • And let me say, before I do, that the picture I just painted – of the world circa 2061, which is to say of the starting point from which the world of 2561 will evolve – is bunk.
  • It’s a normative projection
  • I’m pretty certain that something utterly unexpected will come along and up-end all these projections – something as weird as the world wide web would have looked in 1961.
  • And while the outer forms of that comfortable, middle-class urban developed-world planetary experience might look familiar to us, the internal architecture will be unbelievably different.
  • Let’s imagine that, circa 1961 – just fifty years ago – a budding Nikolai Tesla or Bill Packard somewhere in big-city USA is tinkering in his garage and succeeds in building a time machine. Being adventurous – but not too adventurous – he sets the controls for fifty years in the future, and arrives in downtown San Francisco. What will he see, and how will he interpret it?
  • a lot of the buildings are going to be familiar
  • Automobiles are automobiles, even if the ones he sees look kind of melted
  • Fashion? Hats are out, clothing has mutated in strange directions
  • He may be thrown by the number of pedestrians walking around with wires in their ears, or holding these cigarette-pack-sized boxes with glowing screens.
  • But there seem to be an awful lot of mad people walking around with bits of plastic clipped to their ears, talking to themselves
  • The outward shape of the future contains the present and the past, embedded within it like flies in amber.
  • Our visitor from 1961 is familiar with cars and clothes and buildings
  • But he hasn’t heard of packet switched networks
  • Our time traveller from 1961 has a steep learning curve if he wants to understand the technology the folks with the cordless headsets are using.
  • The social consequences of a new technology are almost always impossible to guess in advance.
  • Let me take mobile phones as an example. They let people talk to one another – that much is obvious. What is less obvious is that for the first time the telephone network connects people, not places
  • For example, we’re currently raising the first generation of kids who won’t know what it means to be lost – everywhere they go, they have GPS service and a moving map that will helpfully show them how to get wherever they want to go.
  • to our time traveller from 1961, it’s magic: you have a little glowing box, and if you tell it “I want to visit my cousin Bill, wherever he is,” a taxi will pull up and take you to Bill’s house
  • The whole question of whether a mature technosphere needs three or four billion full-time employees is an open one, as is the question of what we’re all going to do if it turns out that the future can’t deliver jobs.
  • We’re still in the first decade of mass mobile internet uptake, and we still haven’t seen what it really means when the internet becomes a pervasive part of our social environment, rather than something we have to specifically sit down and plug ourselves in to, usually at a desk.
  • So let me start by trying to predict the mobile internet of 2061.
  • the shape of the future depends on whether whoever provides the basic service of communication
  • funds their service by charging for bandwidth or charging for a fixed infrastructure cost.
  • These two models for pricing imply very different network topologies.
  • This leaves aside a third model, that of peer to peer mesh networks with no actual cellcos as such – just lots of folks with cheap routers. I’m going to provisionally assume that this one is hopelessly utopian
  • the security problems of a home-brew mesh network are enormous and gnarly; when any enterprising gang of scammers can set up a public router, who can you trust?
  • Let’s hypothesize a very high density, non-volatile serial storage medium that might be manufactured using molecular nanotechnology: I call it memory diamond.
  • wireless bandwidth appears to be constrained fundamentally by the transparency of air to electromagnetic radiation. I’ve seen some estimates that we may be able to punch as much as 2 tb/sec through air; then we run into problems.
  • What can you do with 2 terabits per second per human being on the planet?
  • One thing you can do trivially with that kind of capacity is full lifelogging for everyone. Lifelogging today is in its infancy, but it’s going to be a major disruptive technology within two decades.
  • the resulting search technology essentially gives you a prosthetic memory.
  • Lifelogging offers the promise of indexing and retrieving the unwritten and undocmented. And this is both a huge promise and an enormous threat.
  • Lifelogging raises huge privacy concerns, of course.
  • The security implications are monstrous: if you rely on lifelogging for your memory or your ability to do your job, then the importance of security is pushed down Maslow’s hierarchy of needs.
  • if done right, widespread lifelogging to cloud based storage would have immense advantages for combating crime and preventing identity theft.
  • whether lifelogging becomes a big social issue depends partly on the nature of our pricing model for bandwidth, and how we hammer out the security issues surrounding the idea of our sensory inputs being logged for posterity.
  • at least until the self-driving automobile matches and then exceeds human driver safety.
  • We’re currently living through a period in genomics research that is roughly equivalent to the early 1960s in computing.
  • In particular, there’s a huge boom in new technologies for high speed gene sequencing.
  • full genome sequencing for individuals now available for around US $30,000, and expected to drop to around $1000–3000 within a couple of years.
  • Each of us is carrying around a cargo of 1–3 kilograms of bacteria and other unicellular organisms, which collectively outnumber the cells of our own bodies by a thousand to one.
  • These are for the most part commensal organisms – they live in our guts and predigest our food, or on our skin – and they play a significant role in the functioning of our immune system.
  • Only the rapid development of DNA assays for SARS – it was sequenced within 48 hours of its identification as a new pathogenic virus – made it possible to build and enforce the strict quarantine regime that saved us from somewhere between two hundred million and a billion deaths.
  • A second crisis we face is that of cancer
  • we can expect eventually to see home genome monitoring – both looking for indicators of precancerous conditions or immune disorders within our bodies, and performing metagenomic analysis on our environment.
  • If our metagenomic environment is routinely included in lifelogs, we have the holy grail of epidemiology within reach; the ability to exhaustively track the spread of pathogens and identify how they adapt to their host environment, right down to the level of individual victims.
  • In each of these three examples of situations where personal privacy may be invaded, there exists a strong argument for doing so in the name of the common good – for prevention of epidemics, for prevention of crime, and for prevention of traffic accidents. They differ fundamentally from the currently familiar arguments for invasion of our data privacy by law enforcement – for example, to read our email or to look for evidence of copyright violation. Reading our email involves our public and private speech, and looking for warez involves our public and private assertion of intellectual property rights …. but eavesdropping on our metagenomic environment and our sensory environment impinges directly on the very core of our identities.
  • With lifelogging and other forms of ubiquitous computing mediated by wireless broadband, securing our personal data will become as important to individuals as securing our physical bodies.
  • the shifting sands of software obsolescence have for the most part buried our ancient learning mistakes.
  • So, to summarize: we’re moving towards an age where we may have enough bandwidth to capture pretty much the totality of a human lifespan, everything except for what’s going on inside our skulls.
  • anonymous on 16 Aug 11
     
    "Good afternoon, and thank you for inviting me to speak at USENIX Security." A fun read by Charlie Stoss."
  • Erik Hanson on 17 Aug 11
     
    I feel like cancer may be a bit played up. I freak out more about dementia.
anonymous

Why Free Markets? - 2 views

bleedingheartlibertarians.com/...why-free-markets

shared by anonymous on 30 Jun 11 - Cached
  • The short answer, which I will assert here and defend below, is that whatever the intent behind government regulation of markets, it almost always ends up working in the interest of the rich and powerful and does little to protect the interest of those with modest means and little access to power.  If a commitment to social justice demands that we care first and foremost about the least well off among us, supporting government regulation may well violate that commitment.
  • why might libertarians, and bleeding heart ones at that, argue that markets should be free of government regulations?
  • As Hayek made clear 66 years ago, the problem we face when try to “construct” an economic order is how to best make use of all of this knowledge, which is dispersed, contextual, and often tacit. 
  • ...14 more annotations...
  • Mises and Hayek also argued that because this knowledge is structurally dispersed, contextual and tacit, it cannot be aggregated by government planners and regulators (nor, it’s worth noting, by private actors).
  • So one problem facing regulators is that they lack the knowledge necessary to know what people value and how much, so in deciding what to regulate and how, they are acting on incomplete and often erroneous information.  By trying to override the market, they are substituting a less informationally-rich system for a more rich one.
  • In the face of these repeated failures, it’s very easy to imagine, and there’s plenty of evidence to support it, that regulators and the politicians who oversee them will start to act in their own political self-interest.  Without the ability to make reliable decisions on the objective merits, self-interest will slowly dominate.  Regulators will try to serve the needs of those who will keep them in power and supply them with healthy budgets.  So-called “Capture Theory” explains that it then becomes easy for regulators to be “captured” by the industries they regulate and then regulate in ways that favor the industry.
  • about 75% of antitrust cases are initiated not by the government but by private firms unhappy with how their competition has behaved.  Private actors constantly engage in lobbying and rent-seeking for regulations that will benefit them and/or harm their competition.
  • For me, as an economist, the argument against a great deal of regulation is precisely that it harms the least well off it is trying to help and provides unwarranted privileges for those who need them least. 
  •  Economic systems are inherent unstable, dynamically evolving things.   In studying them, we are always studying a moving target.  To my mind, that makes equilibrium models less generally applicable than is often held to be the case.
  • I have great sympathy for this line of argument, but write to make two points.
  • First, I think the danger of governmental regulation goes beyond the mere possibility of "capture" of the regulatory apparatus by the powerful. The threat is not just this, but that once the authority to regulate is well-established, the state can use this and other economic tools to "buy off" various constitutencies until the opposition to state authority becomes too weak to prevent a very dangerous concentration of power.
  • Second, there is also a purely moral, but non-consequentialist, argument against regulation.
  • That suggests that human institutions - complexity of parts notwithstanding - often exhibit various aggregate patterns of behavior that correlate with measurable variables, and that can be understood and predicted with reasonable degrees of confidence, and thus that the outcomes of various kinds of higher-level global interventions can similarly be predicted with some accuracy.
  • There is no fundamental theoretical difference between states and other large human organizations that would for some reason result in the inability of states to successfully regulate significant fields of aggregate economic behavior as a result of micro-level calculation problems.
  • This is not an argument for any particular regulatory action.  It is an argument that whether these treatments work is an empirical question that cannot be deduced a priori from the kinds of simplified toy models that are wheeled out in an Economics 101 classes or from the armchairs of either libertarian or socialist philosophers.
  • Philosophers are good at the logical and conceptual analysis of conundrums that occur in the theoretical levels of a science.   But when they venture too far into the way the actual world works, they easily lose their bearings due to their surfeit of rationalistic mental habits and intolerance of detail.
  • Property rights are not actualized in the real human world by philosophical ruminations on the state of nature.  They are actualized by courts, and lawmakers, and executives backed up by police and security services - people with guns and other means of enforcing the laws.  There has never been a durable form of human social life where the power to regulate was not "granted."
  • anonymous on 30 Jun 11
     
    "My first post this week led to some interesting discussion in the comments, which has in turn led me to this post. One issue that came up there was, and I paraphrase: "Okay, fine, markets really do benefit the poor, but the dispute between modern liberals and libertarians is not over 'markets' but over 'free markets.' Libertarians don't want the regulations that liberals do and saying that 'markets' help the poor doesn't help us resolve this issue." Fair enough. So why might libertarians, and bleeding heart ones at that, argue that markets should be free of government regulations?"
  • Erik Hanson on 02 Jul 11
     
    I don't know that free markets help the poor so much as they allow more opportunity to the poor. And where free markets lack is in actually funding the poor, where there's a presumption that they deserve poverty.
anonymous

Rand & Aesthetics 19 - 0 views

aynrandcontrahumannature.blogspot.com/...rand-aesthetics-19.html

objectivism criticalthinking

shared by anonymous on 06 Jul 11 - Cached
  • A certain type of confusion about the relationship between scientific discoveries and art, leads to a frequently asked question: Is photography an art? The answer is: No.
  • Beyond demonstrating her lack of specific knowledge about photography, this passage also shows the weakness of her theory of definitions. Much of Rand's argument against photography as art stems from her entirely arbitrary definition of art as "selective recreation."
  • There is no such thing as a right or wrong definitions: there are merely definitions excepted by most people and definitions accepted only by individuals or eccentric groups (e.g., Objectivist definitions).
  • ...3 more annotations...
  • She tries to defend this point of view by emphasizing the importance of selecting only those concretes that are "abstract essentials."
  • On purely philosophical grounds, therefore, Rand's assertion that photography is not art is insupportable. Yet, curiously enough, it's not even consistent with Rand's own definition. Rand's belief that art photography involves only an insignificant bit of selectivity demonstrates her ignorance of that particular art. It also demonstrates the dangers of making dogmatic assertions about subjects you don't know much about.
  • Photography, she claims, is mostly a technique; but the same could be said of painting and sculpture. The main difference between painting and photography is the tools: one creates images with paint, brushes, and canvas, the other with a camera, lenses, and filters. Otherwise, they are merely two means of achieving the same end: creating two-dimensional images.
  • anonymous on 06 Jul 11
     
    "Photography. Ayn Rand, to the bewilderment of photographers everywhere, denies that photography is an art" Par for the course, really.
anonymous

Russia's Evolving Leadership - 4 views

www.stratfor.com/...04-russias-evolving-leadership

russia leadership geopolitics

shared by anonymous on 05 Jul 11 - Cached
  • In the past decade, one person has consolidated and run Russia’s political system: former president and current Prime Minister Vladimir Putin.
  • Under Putin’s presidential predecessor, Boris Yeltsin, Russia’s strategic economic assets were pillaged, the core strength of the country — the KGB, now known as the Federal Security Service (FSB), and the military — fell into decay, and the political system was in disarray. Though Russia was considered a democracy and a new friend to the West, this was only because Russia had no other option — it was a broken country.
  • While an autocrat and KGB agent (we use the present tense, as Putin has said that no one is a former KGB or FSB agent), he hails from St. Petersburg, Russia’s most pro-Western city, and during his Soviet-era KGB service he was tasked with stealing Western technology. Putin fully understands the strength of the West and what Western expertise is needed to keep Russia relatively modern and strong. At the same time, his time with the KGB convinced him that Russia can never truly be integrated into the West and that it can be strong only with a consolidated government, economy and security service and a single, autocratic leader.
  • ...27 more annotations...
  • Putin’s understanding of Russia’s two great weaknesses informs this worldview.
  • The first weakness is that Russia was dealt a poor geographic hand.
  • The second is that its population is comprised of numerous ethnic groups, not all of which are happy with centralized Kremlin rule.
  • Russia essentially lacks an economic base aside from energy.
  • These geographic, demographic and economic challenges have led Russia to shift between being aggressive to keep the country secure and being accommodating toward foreign powers in a bid to modernize Russia.
  • However, Russia cannot go down the two paths of accommodating and connecting with the West and a consolidated authoritarian Russia at the same time unless Russia is first strong and secure as a country, something that has only happened recently.
  • Which face they show does not depend upon personalities but rather upon the status of Russia’s strength.
  • Putin, who had no choice but to appeal to the West to help keep the country afloat when he took office in 2000, initially was hailed as a trusted partner by the West. But even while former U.S. President George W. Bush was praising Putin’s soul, behind the scenes, Putin already was reorganizing one of his greatest tools — the FSB — in order to start implementing a full state consolidation in the coming years.
  • After 9/11, Putin was the first foreign leader to phone Bush and offer any assistance from Russia. The date marked an opportunity for both Putin and Russia. The attacks on the United States shifted Washington’s focus, tying it down in the Islamic world for the next decade. This gave Russia a window of opportunity with which to accelerate its crackdown inside (and later outside) Russia without fear of a Western response.
  • During this time, the Kremlin ejected foreign firms, nationalized strategic economic assets, shut down nongovernmental organizations, purged anti-Kremlin journalists, banned many anti-Kremlin political parties and launched a second intense war in Chechnya.
  • Western perceptions of Putin’s friendship and standing as a democratic leader simultaneously evaporated.
  • When Medvedev entered office, his current reputation for compliance and pragmatism did not exist. Instead, he continued on Russia’s roll forward with one of the boldest moves to date — the Russia-Georgia war.
  • By 2009, Russia had proven its power in its direct sphere and so began to ease into a new foreign and domestic policy of duality.
  • Only when Russia is strong and consolidated can it drop being wholly aggressive and adopt such a stance of hostility and friendliness.
  • With elections approaching, the ruling tandem seems even more at odds as Medvedev overturns many policies Putin put into place in the early 2000s, such as the ban on certain political parties, the ability of foreign firms to work in strategic sectors and the role of the FSB elite within the economy. Despite the apparent conflict, the changes are part of an overall strategy shared by Putin and Medvedev to finish consolidating Russian power.
  • These policy changes show that Putin and Medvedev feel confident enough that they have attained their first imperative that they can look to confront the second inherent problem for the country: Russia’s lack of modern technology and lack of an economic base
  • Russia thus has launched a multiyear modernization and privatization plan to bring in tens if not hundreds of billions of dollars to leapfrog the country into current technology and diversify the economy. Moscow has also struck deals with select countries — Germany, France, Finland, Norway, South Korea and even the United States — for each sector to use the economic deals for political means.
  • two large problems
  • First, foreign governments and firms are hesitant to do business in an authoritarian country with a record of kicking foreign firms out.
  • At the same time, the Kremlin knows that it cannot lessen its hold inside of Russia without risking losing control over its first imperative of securing Russia.
  • The first move is to strengthen the ruling party — United Russia — while allowing more independent political parties.
  • While these new political parties appear to operate outside the Kremlin’s clutches, this is just for show. The most important new party is Russia’s Right Cause launched by Russian oligarch Mikhail Prokhorov.
  • Right Cause is intended to support foreign business and the modernization efforts.
  • The Popular Front is not exactly a political party but an umbrella organization meant to unite the country. Popular Front members include Russia’s labor unions, prominent social organizations, economic lobbying sectors, big business, individuals and political parties. In short, anything or anyone that wants to be seen as pro-Russian is a part of the Popular Front.
  • It creates a system in which power in the country does not lie in a political office — such as the presidency or premiership — but with the person overseeing the Popular Front: Putin.
  • The new system is designed to have a dual foreign policy, to attract non-Russian groups back into the country and to look more democratic overall while all the while being carefully managed behind the scenes.
  • In theory, the new system is meant to allow the Kremlin to maintain control of both its grand strategies of needing to reach out abroad to keep Russia modern and strong and trying to ensure that the country is also under firm control and secure for years to come.
    • anonymous
      anonymous on 06 Jul 11
       
      I would imagine that it seems that way to most Americans, but then we're tech-focused. We have a very hard time understanding that the only time Russia has ever felt geographically secure is *when* they're aggressive. This means upgrading tech, infrastructure, and social-glue all at the same time. Add: There are all those quotes from past leaders about feeling as though they had to expand their borders or influence just to feel secure at home. We Americans may as well be from Mars: We have two giant oceans and we culturally dominate our few neighbors with trade. This is why I agree with StratFor (read as: resignedly fear) that a confrontation with Russia is in the offing two decades hence. If they dominate central Asia and hold levers in Europe, as they are quite obviously trying to do, they will be perceived as a threat, and the U.S. is all too willing to help those who are afraid of Russia. All this strikes me as a prelude that we'll gloss over in future readings of the 'past'. But then, it's another case where I'm *begging* to be wrong.
  • anonymous on 05 Jul 11
     
    "Russia has entered election season, with parliamentary elections in December and presidential elections in March 2012. Typically, this is not an issue of concern, as most Russian elections have been designed to usher a chosen candidate and political party into office since 2000. Interesting shifts are under way this election season, however. While on the surface they may resemble political squabbles and instability, they actually represent the next step in the Russian leadership's consolidation of the state."
  • Erik Hanson on 06 Jul 11
     
    I get the security concern, but Putin has always seemed to overemphasize and overextend the issue into something bigger and more offensive. It seems to me that the infrastructure and tech needs are much more pressing and would yield more results.
  • Erik Hanson on 06 Jul 11
     
    There are still plenty of places where we're not willing to push back (the Polish Belorussian genocides being a prominent example in my mind), but you're right at how foreign that mindset is. Foreign or bizarrely 19th century.
anonymous

A Brief History of the Corporation: 1600 to 2100 - 1 views

www.ribbonfarm.com/...f-the-corporation-1600-to-2100

economics predictions longnow

shared by anonymous on 23 Jun 11 - Cached
  • In its 400+ year history, the corporation has achieved extraordinary things, cutting around-the-world travel time from years to less than a day, putting a computer on every desk, a toilet in every home (nearly) and a cellphone within reach of every human.  It even put a man on the Moon and kinda-sorta cured AIDS.
  • The Age of Corporations is coming to an end. The traditional corporation won’t vanish, but it will cease to be the center of gravity of economic life in another generation or two.  They will live on as religious institutions do today, as weakened ghosts of more vital institutions from centuries ago.
  • this post is mostly woven around ideas drawn from five books that provide appropriate fuel for this business-first frame. I will be citing, quoting and otherwise indirectly using these books over several future posts
  • ...73 more annotations...
  • For a long time, I was misled by the fact that 90% of the available books frame globalization and the emergence of modernity in terms of the nation-state as the fundamental unit of analysis, with politics as the fundamental area of human activity that shapes things.
  • But the more I’ve thought about it, the more I’ve been pulled towards a business-first perspective on modernity and globalization.
  • The human world, like physics, can be reduced to four fundamental forces: culture, politics, war and business.
  • Culture is the most mysterious, illegible and powerful force.
  • But one quality makes gravity dominate at large space-time scales: gravity affects all masses and is always attractive, never repulsive.  So despite its weakness, it dominates things at sufficiently large scales. I don’t want to stretch the metaphor too far, but something similar holds true of business.
  • On the scale of days or weeks, culture, politics and war matter a lot more in shaping our daily lives.
  • Business though, as an expression of the force of unidirectional technological evolution, has a destabilizing unidirectional effect. It is technology, acting through business and Schumpeterian creative-destruction, that drives monotonic, historicist change, for good or bad. Business is the locus where the non-human force of technological change sneaks into the human sphere.
  • Culture is suspicious of technology. Politics is mostly indifferent to and above it. War-making uses it, but maintains an arms-length separation.
  • Business? It gets into bed with it. It is sort of vaguely plausible that you could switch artists, politicians and generals around with their peers from another age and still expect them to function. But there is no meaningful way for a businessman from (say) 2000 BC to comprehend what Mark Zuckerberg does, let alone take over for him. Too much magical technological water has flowed under the bridge.
  • It is business that creates the world of magic, not technology itself. And the story of business in the last 400 years is the story of the corporate form.
  • There are some who treat corporate forms as yet another technology (in this case a technology of people-management), but despite the trappings of scientific foundations (usually in psychology) and engineering synthesis (we speak of organizational “design”), the corporate form is not a technology.  It is the consequence of a social contract like the one that anchors nationhood. It is a codified bundle of quasi-religious beliefs externalized into an animate form that seeks to preserve itself like any other living creature.
  • What was new was the idea of a publicly traded joint-stock corporation, an entity with rights similar to those of states and individuals, with limited liability and significant autonomy
  • two important points about this evolution of corporations.
  • The first point is that the corporate form was born in the era of Mercantilism, the economic ideology that (zero-sum) control of land is the foundation of all economic power.
  • In politics, Mercantilism led to balance-of-power models.
  • In business, once the Age of Exploration (the 16th century) opened up the world, it led to mercantilist corporations focused on trade
  • The forces of radical technological change — the Industrial Revolution — did not seriously kick until after nearly 200 years of corporate evolution (1600-1800) in a mercantilist mold.
  • Smith was both the prophet of doom for the Mercantilist corporation, and the herald of what came to replace it: the Scumpeterian corporation.
  • The corporate form therefore spent almost 200 years — nearly half of its life to date — being shaped by Mercantilist thinking, a fundamentally zero-sum way of viewing the world.
  • It was not until after the American Civil War and the Gilded Age that businesses fundamentally reorganized around (as we will see) time instead of space, which led, as we will see, to a central role for ideas and therefore the innovation function.
  • The Black Hills Gold Rush of the 1870s, the focus of the Deadwood saga, was in a way the last hurrah of Mercantilist thinking. William Randolph Hearst, the son of gold mining mogul George Hearst who took over Deadwood in the 1870s, made his name with newspapers. The baton had formally been passed from mercantilists to schumpeterians.
    • anonymous
      anonymous on 23 Jun 11
       
      So, Mercantilism was about colonizing space. Corporatism is about colonizing time. This is a pretty useful (though arguably too-reductionist) way to latch on to the underpinning of later thoughts.
  • This divide between the two models can be placed at around 1800, the nominal start date of the Industrial Revolution, as the ideas of Renaissance Science met the energy of coal to create a cocktail that would allow corporations to colonize time.
  • The second thing to understand about the evolution of the corporation is that the apogee of power did not coincide with the apogee of reach.
  • for America, corporations employed less than 20% of the population in 1780, and over 80% in 1980, and have been declining since
  • Certainly corporations today seem far more powerful than those of the 1700s, but the point is that the form is much weaker today, even though it has organized more of our lives. This is roughly the same as the distinction between fertility of women and population growth: the peak in fertility (a per-capita number) and peak in population growth rates (an aggregate) behave differently.
  • a useful 3-phase model of the history of the corporation: the Mercantilist/Smithian era from 1600-1800, the Industrial/Schumpeterian era from 1800 – 2000 and finally, the era we are entering, which I will dub the Information/Coasean era
    • anonymous
      anonymous on 23 Jun 11
       
      I think it would be useful to map these eras against the backdrop of my previously established Generational timeline (as well as the StratFor 50-year cycle breakdown) in order to see if there are any self-supporting model elements.
  • By a happy accident, there is a major economist whose ideas help fingerprint the economic contours of our world: Ronald Coase.
  • To a large extent, the history of the first 200 years of corporate evolution is the history of the East India Company. And despite its name and nation of origin, to think of it as a corporation that helped Britain rule India is to entirely misunderstand the nature of the beast.
  • Two images hint at its actual globe-straddling, 10x-Walmart influence: the image of the Boston Tea Partiers dumping crates of tea into the sea during the American struggle for independence, and the image of smoky opium dens in China. One image symbolizes the rise of a new empire. The other marks the decline of an old one.
  • At a broader level, the EIC managed to balance an unbalanced trade equation between Europe and Asia whose solution had eluded even the Roman empire.
  • For this scheme to work, three foreground things and one background thing had to happen: the corporation had to effectively take over Bengal (and eventually all of India), Hong Kong (and eventually, all of China, indirectly) and England.
  • The background development was simpler. England had to take over the oceans and ensure the safe operations of the EIC.
  • eventually, as the threat from the Dutch was tamed, it became clear that the company actually had more firepower at its disposal than most of the nation-states it was dealing with. The realization led to the first big domino falling, in the corporate colonization of India, at the battle of Plassey.
  • The EIC was the original too-big-to-fail corporation. The EIC was the beneficiary of the original Big Bailout. Before there was TARP, there was the Tea Act of 1773 and the Pitt India Act of 1783. The former was a failed attempt to rein in the EIC, which cost Britain the American Colonies.  The latter created the British Raj as Britain doubled down in the east to recover from its losses in the west. An invisible thread connects the histories of India and America at this point. Lord Cornwallis, the loser at the Siege of Yorktown in 1781 during the revolutionary war, became the second Governor General of India in 1786.
  • But these events were set in motion over 30 years earlier, in the 1750s. There was no need for backroom subterfuge.  It was all out in the open because the corporation was such a new beast, nobody really understood the dangers it represented.
  • there was nothing preventing its officers like Clive from simultaneously holding political appointments that legitimized conflicts of interest. If you thought it was bad enough that Dick Cheney used to work for Halliburton before he took office, imagine if he’d worked there while in office, with legitimate authority to use his government power to favor his corporate employer and make as much money on the side as he wanted, and call in the Army and Navy to enforce his will. That picture gives you an idea of the position Robert Clive found himself in, in 1757.
  • The East India bubble was a turning point.
  • Over the next 70 years, political, military and economic power were gradually separated and modern checks and balances against corporate excess came into being.
  • It is not too much of a stretch to say that for at least a century and a half, England’s foreign policy was a dance in Europe in service of the EIC’s needs on the oceans.
  • Mahan’s book is the essential lens you need to understand the peculiar military conditions in the 17th and 18th centuries that made the birth of the corporation possible.)
  • The 16th century makes a vague sort of sense as the “Age of Exploration,” but it really makes a lot more sense as the startup/first-mover/early-adopter phase of the corporate mercantilism. The period was dominated by the daring pioneer spirit of Spain and Portugal, which together served as the Silicon Valley of Mercantilism. But the maritime business operations of Spain and Portugal turned out to be the MySpace and Friendster of Mercantilism: pioneers who could not capitalize on their early lead.
  • Conventionally, it is understood that the British and the Dutch were the ones who truly took over. But in reality, it was two corporations that took over: the EIC and the VOC (the Dutch East India Company,  Vereenigde Oost-Indische Compagnie, founded one year after the EIC) the Facebook and LinkedIn of Mercantile economics respectively. Both were fundamentally more independent of the nation states that had given birth to them than any business entities in history. The EIC more so than the VOC.  Both eventually became complex multi-national beasts.
  • arguably, the doings of the EIC and VOC on the water were more important than the pageantry on land.  Today the invisible web of container shipping serves as the bloodstream of the world. Its foundations were laid by the EIC.
    • anonymous
      anonymous on 23 Jun 11
       
      There was an excellent episode of the original Connections series that pointed this out, specifically focusing on the Dutch boats and the direct line to container ships and 747 cargo planes.
  • A new idea began to take its place in the early 19th century: the Schumpeterian corporation that controlled, not trade routes, but time. It added the second of the two essential Druckerian functions to the corporation: innovation.
  • I call this the “most misleading table in the world.”
  • corporations and nations may have been running on Mercantilist logic, but the undercurrent of Schumpeterian growth was taking off in Europe as early as 1500 in the less organized sectors like agriculture. It was only formally recognized and tamed in the early 1800s, but the technology genie had escaped.
  • The action shifted to two huge wildcards in world affairs of the 1800s: the newly-born nation of America and the awakening giant in the east, Russia. Per capita productivity is about efficient use of human time. But time, unlike space, is not a collective and objective dimension of human experience. It is a private and subjective one. Two people cannot own the same piece of land, but they can own the same piece of time.  To own space, you control it by force of arms. To own time is to own attention. To own attention, it must first be freed up, one individual stream of consciousness at a time.
  • The Schumpeterian corporation was about colonizing individual minds. Ideas powered by essentially limitless fossil-fuel energy allowed it to actually pull it off.
  • it is probably reaosonably safe to treat the story of Schumpeterian growth as an essentially American story.
  • In many ways the railroads solved a vastly speeded up version of the problem solved by the EIC: complex coordination across a large area.  Unlike the EIC though, the railroads were built around the telegraph, rather than postal mail, as the communication system. The difference was like the difference between the nervous systems of invertebrates and vertebrates.
  • If the ship sailing the Indian Ocean ferrying tea, textiles, opium and spices was the star of the mercantilist era, the steam engine and steamboat opening up America were the stars of the Schumpeterian era.
  • The primary effect of steam was not that it helped colonize a new land, but that it started the colonization of time. First, social time was colonized. The anarchy of time zones across the vast expanse of America was first tamed by the railroads for the narrow purpose of maintaining train schedules, but ultimately, the tools that served to coordinate train schedules: the mechanical clock and time zones, served to colonize human minds.  An exhibit I saw recently at the Union Pacific Railroad Museum in Omaha clearly illustrates this crucial fragment of history:
  • For all its sophistication, the technology of sail was mostly a very-refined craft, not an engineering discipline based on science.
  • Steam power though was a scientific and engineering invention.
  • Scientific principles about gases, heat, thermodynamics and energy applied to practical ends, resulting in new artifacts. The disempowerment of craftsmen would continue through the Schumpeterian age, until Fredrick Taylor found ways to completely strip mine all craft out of the minds of craftsmen, and put it into machines and the minds of managers.
  • It sounds awful when I put it that way, and it was, in human terms, but there is no denying that the process was mostly inevitable and that the result was vastly better products.
  • The Schumpeterian corporation did to business what the doctrine of Blitzkrieg would do to warfare in 1939: move humans at the speed of technology instead of moving technology at the speed of humans.
  • Blitzeconomics allowed the global economy to roar ahead at 8% annual growth rates instead of the theoretical 0% average across the world for Mercantilist zero-sum economics. “Progress” had begun.
  • Two phrases were invented to name the phenomenon: productivity meant shrinking autonomously-owned time. Increased standard of living through time-saving devices became code for the fact that the “freed up” time through “labor saving” devices was actually the de facto property of corporations. It was a Faustian bargain.
  • Many people misunderstood the fundamental nature of Schumpeterian growth as being fueled by ideas rather than time. Ideas fueled by energy can free up time which can then partly be used to create more ideas to free up more time. It is a positive feedback cycle,  but with a limit. The fundamental scarce resource is time. There is only one Earth worth of space to colonize. Only one fossil-fuel store of energy to dig out. Only 24 hours per person per day to turn into capitive attention.
  • Then the Internet happened, and we discovered the ability to mine time as fast as it could be discovered in hidden pockets of attention. And we discovered limits. And suddenly a new peak started to loom: Peak Attention.
  • There is certainly plenty of energy all around (the Sun and the wind, to name two sources), but oil represents a particularly high-value kind. Attention behaves the same way.
  • Take an average housewife, the target of much time mining early in the 20th century. It was clear where her attention was directed. Laundry, cooking, walking to the well for water, cleaning, were all obvious attention sinks. Washing machines, kitchen appliances, plumbing and vacuum cleaners helped free up a lot of that attention, which was then immediately directed (as corporate-captive attention) to magazines and television.
  • The point isn’t that we are running out of attention. We are running out of the equivalent of oil: high-energy-concentration pockets of easily mined fuel.
  • There is a lot more money to be made in replacing hand-washing time with washing-machine plus magazine time, than there is to be found in replacing one hour of TV with a different hour of TV.
  • . To get to Clay Shirky’s hypothetical notion of cognitive surplus, we need Alternative Attention sources. To put it in terms of per-capita productivity gains, we hit a plateau.
  • When Asia hits Peak Attention (America is already past it, I believe), absolute size, rather than big productivity differentials, will again define the game, and the center of gravity of economic activity will shift to Asia.
  • Once again, it is the oceans, rather than land, that will become the theater for the next act of the human drama. While American lifestyle designers are fleeing to Bali, much bigger things are afoot in the region. And when that shift happens, the Schumpeterian corporation, the oil rig of human attention, will start to decline at an accelerating rate. Lifestyle businesses and other oddball contraptions — the solar panels and wind farms of attention economics — will start to take over.
  • It will be the dawn of the age of Coasean growth.
  • Coasean growth is not measured in terms of national GDP growth. That’s a Smithian/Mercantilist measure of growth. It is also not measured in terms of 8% returns on the global stock market.  That is a Schumpeterian growth measure. For that model of growth to continue would be a case of civilizational cancer (“growth for the sake of growth is the ideology of the cancer cell” as Edward Abbey put it).
  • Coasean growth is fundamentally not measured in aggregate terms at all. It is measured in individual terms. An individual’s income and productivity may both actually decline, with net growth in a Coasean sense.
  • How do we measure Coasean growth? I have no idea. I am open to suggestions. All I know is that the metric will need to be hyper-personalized and relative to individuals rather than countries, corporations or the global economy. There will be a meaningful notion of Venkat’s rate of Coasean growth, but no equivalent for larger entities.
  • The fundamental scarce resource that Coasean growth discovers and colonizes is neither space, nor time. It is perspective.
  • anonymous on 23 Jun 11
     
    This is a lay friendly, amateur, mental exploration of the Corporation. It's also utterly absorbing and comes with the usual collection of caveats that we amateurs are accustomed to rattling off when we dunk ourselves into issues much bigger than ourselves. Thanks to BoingBoing, via Futurismic, for the pointer: http://www.boingboing.net/2011/06/23/a-brief-history-of-t.html http://futurismic.com/2011/06/22/a-brief-history-of-the-corporation-1600-to-2100/ "The year was 1772, exactly 239 years ago today, the apogee of power for the corporation as a business construct. The company was the British East India company (EIC). The bubble that burst was the East India Bubble. Between the founding of the EIC in 1600 and the post-subprime world of 2011, the idea of the corporation was born, matured, over-extended, reined-in, refined, patched, updated, over-extended again, propped-up and finally widely declared to be obsolete. Between 2011 and 2100, it will decline - hopefully gracefully - into a well-behaved retiree on the economic scene."
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