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Weiye Loh

How tech tools have changed today's prostitution business - 0 views

  • Sudhir Venkatesh, a professor of sociology at Columbia University, along with his students, has been studying the sex work industry since the 1990s. In a recent article for Wired, Venkatesh describes how the business has changed over the past couple of decades.
  • Technology has played a fundamental role in this change. No self-respecting cosmopolitan man looking for an evening of companionship is going to lean out his car window and call out to a woman at a traffic light. The Internet and the rise of mobile phones have enabled some sex workers to professionalize their trade. Today they can control their image, set their prices, and sidestep some of the pimps, madams, and other intermediaries who once took a share of the revenue. As the trade has grown less risky and more lucrative, it has attracted some middle-class women seeking quick tax-free income.
Weiye Loh

Eben Moglen Is Reshaping Internet With a Freedom Box - NYTimes.com - 0 views

  • Secretary of State Hillary Rodham Clinton spoke in Washington about the Internet and human liberty, a Columbia law professor in Manhattan, Eben Moglen, was putting together a shopping list to rebuild the Internet — this time, without governments and big companies able to watch every twitch of our fingers.
  • The list begins with “cheap, small, low-power plug servers,” Mr. Moglen said. “A small device the size of a cellphone charger, running on a low-power chip. You plug it into the wall and forget about it.”
  • Almost anyone could have one of these tiny servers, which are now produced for limited purposes but could be adapted to a full range of Internet applications, he said. “They will get very cheap, very quick,” Mr. Moglen said. “They’re $99; they will go to $69. Once everyone is getting them, they will cost $29.”
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  • The missing ingredients are software packages, which are available at no cost but have to be made easy to use. “You would have a whole system with privacy and security built in for the civil world we are living in,” he said. “It stores everything you care about.” Put free software into the little plug server in the wall, and you would have a Freedom Box that would decentralize information and power, Mr. Moglen said. This month, he created the Freedom Box Foundation to organize the software.
  • In the first days of the personal computer era, many scoffed at the idea that free software could have an important place in the modern world. Today, it is the digital genome for millions of phones, printers, cameras, MP3 players, televisions, the Pentagon, the New York Stock Exchange and the computers that underpin Google’s empire.
  • Social networking has changed the balance of political power, he said, “but everything we know about technology tells us that the current forms of social network communication, despite their enormous current value for politics, are also intensely dangerous to use. They are too centralized; they are too vulnerable to state retaliation and control.”
  • investors were said to have put a value of about $50 billion on Facebook, the social network founded by Mark Zuckerberg. If revolutions for freedom rest on the shoulders of Facebook, Mr. Moglen said, the revolutionaries will have to count on individuals who have huge stakes in keeping the powerful happy.
  • “It is not hard, when everybody is just in one big database controlled by Mr. Zuckerberg, to decapitate a revolution by sending an order to Mr. Zuckerberg that he cannot afford to refuse,” Mr. Moglen said. By contrast, with tens of thousands of individual encrypted servers, there would be no one place where a repressive government could find out who was publishing or reading “subversive” material.
Weiye Loh

Uwe E. Reinhardt: How Convincing Is the Economists' Case for Free Trade? - NYTimes.com - 0 views

  • “Emerging Markets as Partners, Not Rivals,” a fine commentary in The New York Times on Sunday by N. Gregory Mankiw of Harvard prompted me to take a vacation from the dreariness of health policy to visit one of the economic profession’s intellectual triumphs: the theory that every country gains by unfettered international trade.
  • That theory is less popular among noneconomists, especially politicians and unions. They wring their hands at what is called offshoring of jobs and often have no problem obstructing free trade with such barriers as tariffs or import quotas, which they deem in the national interest. (Two blogs recently offered examples of this posture.)
  • Economists assert that over the longer run, the owners of businesses that lose their markets in international competition and their employees will shift into new economic endeavors in which they can function more competitively. Skeptics, of course, often respond with the retort of John Maynard Keynes: “In the long run, we’re all dead.”
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  • this truth, which economists hold self-evident: Relative to a status quo of no or limited international trade, permitting full free trade across borders will leave in its wake some immediate losers, but citizens who gain from such trade gain much more than the losers lose. On a net basis, therefore, each nation gains over all from such trade.
  • In their work, economists are typically are not nationalistic. National boundaries mean little to them, other than that much data happen to be collected on a national basis. Whether a fellow American gains from a trade or someone in Shanghai does not make any difference to most economists, nor does it matter to them where the losers from global competition live, in America or elsewhere.
  • I say most economists, because here and there one can find some who do seem to worry about how fellow Americans fare in the matter of free trade. In a widely noted column in The Washington Post, “Free Trade’s Great, but Offshoring Rattles Me,” for example, my Princeton colleague Alan Blinder wrote: I’m a free trader down to my toes. Always have been. Yet lately, I’m being treated as a heretic by many of my fellow economists. Why? Because I have stuck my neck out and predicted that the offshoring of service jobs from rich countries such as the United States to poor countries such as India may pose major problems for tens of millions of American workers over the coming decades. In fact, I think offshoring may be the biggest political issue in economics for a generation. When I say this, many of my fellow free traders react with a mixture of disbelief, pity and hostility. Blinder, have you lost your mind? Professor Blinder has estimated that 30 million to 40 million jobs in the United States are potentially offshorable — including those of scientists, mathematicians, radiologists and editors on the high end of the market, and those of telephone operators, clerks and typists on the low end. He says he is rattled by the question of how our country will cope with this phenomenon, especially in view of our tattered social safety net. “That is why I am going public with my concerns now,” he concludes. “If we economists stubbornly insist on chanting ‘free trade is good for you’ to people who know that it is not, we will quickly become irrelevant to the public debate. Compared with that, a little apostasy should be welcome.
Weiye Loh

flaneurose: The KK Chemo Misdosage Incident - 0 views

  • Labelling the pump that dispenses in ml/hr in a different color from the pump that dispenses in ml/day would be an obvious remedy that would have addressed the KK incident. It's the common-sensical solution that anyone can think of.
  • Sometimes, design flaws like that really do occur because engineers can't see the wood for the trees.
  • But sometimes the team is aware of these issues and highlights them to management, but the manufacturer still proceeds as before. Why is that? Because in addition to design principles, one must be mindful that there are always business considerations at play as well. Manufacturing two (or more) separate designs for pumps incurs greater costs, eliminates the ability to standardize across pumps, increases holding inventory, and overall increases complexity of business and manufacturing processes, and decreases economies of scale. All this naturally reduces profitability.It's not just pumps. Even medicines are typically sold in identical-looking vials with identically colored vial caps, with only the text on the vial labels differentiating them in both drug type and concentration. You can imagine what kinds of accidents can potentially happen there.
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  • Legally, the manufacturer has clearly labelled on the pump (in text) the appropriate dosing regime, or for a medicine vial, the type of drug and concentration. The manufacturer has hence fulfilled its duty. Therefore, if there are any mistakes in dosing, the liability for the error lies with the hospital and not the manufacturer of the product. The victim of such a dosing error can be said to be an "externalized cost"; the beneficiaries of the victim's suffering are the manufacturer, who enjoys greater profitability, the hospital, which enjoys greater cost-savings, and the public, who save on healthcare. Is it ethical of the manufacturer, to "pass on" liability to the hospital? To make it difficult (or at least not easy) for the hospital to administer the right dosage? Maybe the manufacturer is at fault, but IMHO, it's very hard to say.
  • When a chemo incident like the one that happened in KK occurs, there are cries of public remonstration, and the pendulum may swing the other way. Hospitals might make the decision to purchase more expensive and better designed pumps (that is, if they are available). Then years down the road, when a bureaucrat (or a management consultant) with an eye to trim costs looks through the hospital purchasing orders, they may make the suggestion that $XXX could be saved by buying the generic version of such-and-such a product, instead of the more expensive version. And they would not be wrong, just...myopic.Then the cycle starts again.Sometimes it's not only about human factors. It could be about policy, or human nature, or business fundamentals, or just the plain old, dysfunctional way the world works.
    • Weiye Loh
       
      Interesting article. Explains clearly why our 'ethical' considerations is always only limited to a particular context and specific considerations. 
Weiye Loh

Freakonomics » The Economics of Happiness, Part 1: Reassessing the Easterlin ... - 0 views

  • Arguably the most important finding from the emerging economics of happiness has been the Easterlin Paradox. What is this paradox? It is the juxtaposition of three observations: 1) Within a society, rich people tend to be much happier than poor people. 2) But, rich societies tend not to be happier than poor societies (or not by much). 3) As countries get richer, they do not get happier.
  • Easterlin offered an appealing resolution to his paradox, arguing that only relative income matters to happiness. Other explanations suggest a “hedonic treadmill,” in which we must keep consuming more just to stay at the same level of happiness.
  • We have re-analyzed all of the relevant post-war data, and also analyzed the particularly interesting new data from the Gallup World Poll. Last Thursday we presented our research at the latest Brookings Panel on Economic Activity, and we have arrived at a rather surprising conclusion: There is no Easterlin Paradox. The facts about income and happiness turn out to be much simpler than first realized: 1) Rich people are happier than poor people. 2) Richer countries are happier than poorer countries. 3) As countries get richer, they tend to get happier.
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  • What explains these new findings? The key turns out to be an accumulation of data over recent decades. Thirty years ago it was difficult to make convincing international comparisons because there were few datasets comparing rich and poor countries. Instead, researchers were forced to make comparisons based on a handful of moderately-rich and very-rich countries. These data just didn’t lend themselves to strong conclusions.
  • Moreover, repeated happiness surveys around the world have allowed us to observe the evolution of G.D.P. and happiness through time — both over a longer period, and for more countries. On balance, G.D.P. and happiness have tended to move together.
  • There is a second issue here that has led to mistaken inferences: a tendency to confuse absence of evidence for a proposition as evidence of its absence. Thus, when early researchers could not isolate a statistically reliable association between G.D.P. and happiness, they inferred that this meant the two were unrelated, and a paradox was born.
  • Our complete analysis is available here. An excellent summary is available in today’s New York Times, here, with a very cool graphic, and readers’ comments. Other commentary is available in the F.T. (here and here), and Time Magazine.
Weiye Loh

Google to be formally investigated over potential abuse of web dominance | Technology |... - 0 views

  • The inquiry will examine the heart of Google's search-advertising business, and the source of most of Google's revenue. Google accounts for around two-thirds of internet searches in the US (and close to 90% in the UK) and according to critics unfairly uses that dominance to favour its own growing network of services.Last November, the European commission opened its own formal investigation into allegations that Google discriminated against competing services in its search results and prevented some websites from using ads by Google competitors.
  • Legal experts said the investigation could be similar in scale to the massive antitrust probe of Microsoft, which started in 1991 and ended in a settlement a decade later. Professor Joshua Wright of George Mason Law School said: "The investigation will be of a comparable scale to that of Microsoft."But he said the chances of Google being found guilty of antitrust behaviour, as Microsoft was, were far smaller. Wright said for the US to bring a successful case against Google, it would have to prove the company was harming consumers. "As an outsider I would say that obstacle is far higher for them today with Google than it was back then with Microsoft," he said.
  • He said Google faced a higher risk in the EU case but that in either case the investigations were likely to have a profound impact on the firm."Even if the charges are ultimately bogus, they will occupy many, many hours of managements time and attention," he said.The FTC's investigations are likely to widen to other companies as official requests for information about their dealings with Google.The company has long denied any anticompetitive behaviour, arguing that users can easily click on other choices on the web.
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    US regulators are poised to launch a formal investigation into whether Google has abused its dominance on the web, according to reports. The Federal Trade Commission (FTC) is days away from serving subpoenas on the internet giant in what could be the biggest investigation yet of the search company's business, according to The Wall Street Journal. Both Google and the FTC declined to comment. A wide-ranging investigation into Google has been discussed for months. Google has faced several antitrust probes in recent years, and is already the subject of a similar investigation in Europe. In the US inquiries have so far largely been limited to reviews of the company's mergers and acquisitions.
Weiye Loh

Letter from China: China and the Unofficial Truth : The New Yorker - 0 views

  • Chinese citizens are busy dissecting and taunting the meeting on social media. While Premier Wen Jiabao was pledging that the government would “quickly” reverse the widening gap between rich and poor—last year he said it would do so “gradually”—Chinese Web users were scrutinizing photos of delegates arriving for the meeting, and posting photos of their nine-hundred dollar Hermès belts and Birkin and Celine and Louis Vuitton purses that retail for car prices. As Danwei points out, an image that has been making the rounds with particular relish shows the C.E.O. of China Power International Development Ltd, Li Xiaolin, in a salmon-colored suit from Emilio Pucci’s spring-summer 2012 collection—price: nearly two thousand dollars. Web user Cairangduoji paired her photo with the image of dirt-covered barefoot kids in the countryside and the comment: “That amount could help two hundred children wear warm clothes, and avoid the chilly attacks of winter.” And it appended a quote from Li, of the salmon suit, who purportedly once said, “I think we should open a morality file on all citizens to control everyone and give them a ‘sense of shame.’” (This is no ordinary delegate: Li Xiaolin happens to be the daughter of former Premier Li Peng, who oversaw the crackdown at Tiananmen Square.)
  • Another message making the rounds uses an official high-res photo of the gathering to zoom in on delegates who were captured fast asleep or typing on their smart phones.
Arthur Cane

Excellent SEO Service That Last - 1 views

I have been working with Syntactics Inc. for five years now, and I have entrusted my online business to them for that long because I found their services really excellent. In fact, for that five...

seo outsourcing services

started by Arthur Cane on 13 Dec 11 no follow-up yet
Weiye Loh

The disintermediation of the firm: The feature belongs to individuals | A Computer Scie... - 0 views

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    I expect to see the rise of individuals and the emergence of small teams to be an important trend in the next few years. The bigger firms will feel the increase pressure from agile teams of individuals that can operate faster and get things done quicker. Furthermore, talented individuals, knowing that they can find good job prospects online, they will start putting higher pressure on their employers: Either there is a more equitable share of the surplus, or the value-producing individuals will move into their own ventures. Marx would have been proud: The value-generating labor is now getting into the position of reaping the value of the generated work. Ironically, this "emancipation" is happening through the introduction of capitalist free markets that connect the planet, and not through a communist revolution.
Weiye Loh

Digital Domain - Computers at Home - Educational Hope vs. Teenage Reality - NYTimes.com - 0 views

  • MIDDLE SCHOOL students are champion time-wasters. And the personal computer may be the ultimate time-wasting appliance.
  • there is an automatic inclination to think of the machine in its most idealized form, as the Great Equalizer. In developing countries, computers are outfitted with grand educational hopes, like those that animate the One Laptop Per Child initiative, which was examined in this space in April.
  • Economists are trying to measure a home computer’s educational impact on schoolchildren in low-income households. Taking widely varying routes, they are arriving at similar conclusions: little or no educational benefit is found. Worse, computers seem to have further separated children in low-income households, whose test scores often decline after the machine arrives, from their more privileged counterparts.
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  • Professor Malamud and his collaborator, Cristian Pop-Eleches, an assistant professor of economics at Columbia University, did their field work in Romania in 2009, where the government invited low-income families to apply for vouchers worth 200 euros (then about $300) that could be used for buying a home computer. The program provided a control group: the families who applied but did not receive a voucher.
  • the professors report finding “strong evidence that children in households who won a voucher received significantly lower school grades in math, English and Romanian.” The principal positive effect on the students was improved computer skills.
  • few children whose families obtained computers said they used the machines for homework. What they were used for — daily — was playing games.
  • negative effect on test scores was not universal, but was largely confined to lower-income households, in which, the authors hypothesized, parental supervision might be spottier, giving students greater opportunity to use the computer for entertainment unrelated to homework and reducing the amount of time spent studying.
  • The North Carolina study suggests the disconcerting possibility that home computers and Internet access have such a negative effect only on some groups and end up widening achievement gaps between socioeconomic groups. The expansion of broadband service was associated with a pronounced drop in test scores for black students in both reading and math, but no effect on the math scores and little on the reading scores of other students.
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    Computers at Home: Educational Hope vs. Teenage Reality By RANDALL STROSS Published: July 9, 2010
Jiamin Lin

Firms allowed to share private data - 0 views

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    Companies who request for their customer's private information may in turn distribute these confidential particulars to others. As such, cases of fraud and identity theft have surfaced, with fraudsters using these distributed identities to apply for loans or credit cards. Unlike other countries, no privacy law to safeguard an individual's data against unauthorized commercial use has been put in place. As a result, fraudsters are able to ride on this loophole. Ethical Question: Is it right for companies to request for their customer's private information for certain reasons? Is it even fair that they distribute these information to third parties, perhaps as a way to make money? Problem: I think the main problem is that there isn't a law in Singapore that safeguards an individual's data against unauthorized commercial use. Even though the Model Data Protection Code scheme tries to do the above, it is after all, still a voluntary scheme. Companies can opt to adopt the scheme, but whether they choose to apply it regularly, is another issue. As long as a privacy law is not in place, this issue will continue to recur in Singapore.
Weiye Loh

It's appalling - 0 views

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    Credit Card fraud. CASE's reply.
Weiye Loh

Credit card stolen? Mind the pitfalls - 0 views

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    More on credit card fraud
Weiye Loh

More credit card fraud if consumers less liable? - 0 views

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    Same case on credit card fraud
Weiye Loh

Card fraud: Banks not doing enough - 0 views

  • Customers cannot be faulted for negligence by merchants to verify signatures on credit cards
  • Customers cannot be faulted for negligence by merchants to verify signatures on credit cards, or for the banks' failure to implement an effective foolproof secondary security mechanism to protect cardholders.
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    Contrast this case in Singapore to other countries like the United States or Malaysia that limits the liability of the consumers of such cases to a specific amount - which policy is better? On another note, I have always been intrigued by the fact that organizations, while being infinitely more powerful, are regarded as individuals with individual rights legally. What does this have to say about the identity of organizations?
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    The issue of responsibility was heavily debated and the parties identified are 1. the credit card owners, 2. the banks, 3. the retailers. 4. government bodies e.g. MAS, CASE on their regulations and policies. Which party do you all think should shoulder the moral obligations of owning the technology of cashless payment? How then should this translate to the laws and enforcement?
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    The case came to light when a certain Mdm Tan Shock Ling's credit cards got stolen. Within an hour, the fraudsters used her credit cards to chock up bills amounting to $17k. She was only notified of the purchases when a bank called her to confirm if she has just purchased a rolex watch using one of her credit card. The banks requested her to pay back the bills because they will only cover payments made after she has reported the lost of her credit cards. There were a few articles regarding the issue, with Newpaper sending their reporters (Chinese women) out shopping with an Indian man's credit card. Their investigative journalism showed that retailers are generally lax in their verification of the purchaser's identity vis-a-vis the name and signature.
Jody Poh

Bloggers bemoan Yahoo's role in writer's arrest - 3 views

http://news.cnet.com/8301-10784_3-5852898-7.html Shi Tao, a Chinese journalist is being convicted of sending a government's 'top secret' message that was sent to the newspaper agency he was workin...

online democracy freedom rights

started by Jody Poh on 15 Sep 09 no follow-up yet
Weiye Loh

The Way We Live Now - I Tweet, Therefore I Am - NYTimes.com - 0 views

  • Each Twitter post seemed a tacit referendum on who I am, or at least who I believe myself to be. The grocery-store episode telegraphed that I was tuned in to the Seinfeldian absurdities of life; my concern about women’s victimization, however sincere, signaled that I also have a soul. Together they suggest someone who is at once cynical and compassionate, petty yet deep. Which, in the end, I’d say, is pretty accurate.
  • Distilling my personality provided surprising focus, making me feel stripped to my essence. It forced me, for instance, to pinpoint the dominant feeling as I sat outside with my daughter listening to E.B. White. Was it my joy at being a mother? Nostalgia for my own childhood summers? The pleasures of listening to the author’s quirky, underinflected voice? Each put a different spin on the occasion, of who I was within it. Yet the final decision (“Listening to E.B. White’s ‘Trumpet of the Swan’ with Daisy. Slow and sweet.”) was not really about my own impressions: it was about how I imagined — and wanted — others to react to them. That gave me pause. How much, I began to wonder, was I shaping my Twitter feed, and how much was Twitter shaping me?
  • sociologist Erving Goffman famously argued that all of life is performance: we act out a role in every interaction, adapting it based on the nature of the relationship or context at hand. Twitter has extended that metaphor to include aspects of our experience that used to be considered off-set: eating pizza in bed, reading a book in the tub, thinking a thought anywhere, flossing. Effectively, it makes the greasepaint permanent, blurring the lines not only between public and private but also between the authentic and contrived self. If all the world was once a stage, it has now become a reality TV show: we mere players are not just aware of the camera; we mug for it.
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  • Second Life, Facebook, MySpace, Twitter — has shifted not only how we spend our time but also how we construct identity. For her coming book, “Alone Together,” Sherry Turkle, a professor at M.I.T., interviewed more than 400 children and parents about their use of social media and cellphones. Among young people especially she found that the self was increasingly becoming externally manufactured rather than internally developed: a series of profiles to be sculptured and refined in response to public opinion. “On Twitter or Facebook you’re trying to express something real about who you are,” she explained. “But because you’re also creating something for others’ consumption, you find yourself imagining and playing to your audience more and more. So those moments in which you’re supposed to be showing your true self become a performance. Your psychology becomes a performance.” Referring to “The Lonely Crowd,” the landmark description of the transformation of the American character from inner- to outer-directed, Turkle added, “Twitter is outer-directedness cubed.”
  • when every thought is externalized, what becomes of insight? When we reflexively post each feeling, what becomes of reflection? When friends become fans, what happens to intimacy? The risk of the performance culture, of the packaged self, is that it erodes the very relationships it purports to create, and alienates us from our own humanity.
  • I am trying to gain some perspective on the perpetual performer’s self-consciousness. That involves trying to sort out the line between person and persona, the public and private self.
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    THE WAY WE LIVE NOW I Tweet, Therefore I Am
Weiye Loh

nanopolitan: Medicine, Trials, Conflict of Interest, Disclosures - 0 views

  • Some 1500 documents revealed in litigation provide unprecedented insights into how pharmaceutical companies promote drugs, including the use of vendors to produce ghostwritten manuscripts and place them into medical journals.
  • Dozens of ghostwritten reviews and commentaries published in medical journals and supplements were used to promote unproven benefits and downplay harms of menopausal hormone therapy (HT), and to cast raloxifene and other competing therapies in a negative light.
  • the pharmaceutical company Wyeth used ghostwritten articles to mitigate the perceived risks of breast cancer associated with HT, to defend the unsupported cardiovascular “benefits” of HT, and to promote off-label, unproven uses of HT such as the prevention of dementia, Parkinson's disease, vision problems, and wrinkles.
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  • Given the growing evidence that ghostwriting has been used to promote HT and other highly promoted drugs, the medical profession must take steps to ensure that prescribers renounce participation in ghostwriting, and to ensure that unscrupulous relationships between industry and academia are avoided rather than courted.
  • Twenty-five out of 32 highly paid consultants to medical device companies in 2007, or their publishers, failed to reveal the financial connections in journal articles the following year, according to a [recent] study.
  • The study compared major payments to consultants by orthopedic device companies with financial disclosures the consultants later made in medical journal articles, and found them lacking in public transparency. “We found a massive, dramatic system failure,” said David J. Rothman, a professor and president of the Institute on Medicine as a Profession at Columbia University, who wrote the study with two other Columbia researchers, Susan Chimonas and Zachary Frosch.
  • Carl Elliot in The Chronicle of Higher Educations: The Secret Lives of Big Pharma's 'Thought Leaders':
  • See also a related NYTimes report -- Menopause, as Brought to You by Big Pharma by Natasha Singer and Duff Wilson -- from December 2009. Duff Wilson reports in the NYTimes: Medical Industry Ties Often Undisclosed in Journals:
  • Pharmaceutical companies hire KOL's [Key Opinion Leaders] to consult for them, to give lectures, to conduct clinical trials, and occasionally to make presentations on their behalf at regulatory meetings or hearings.
  • KOL's do not exactly endorse drugs, at least not in ways that are too obvious, but their opinions can be used to market them—sometimes by word of mouth, but more often by quasi-academic activities, such as grand-rounds lectures, sponsored symposia, or articles in medical journals (which may be ghostwritten by hired medical writers). While pharmaceutical companies seek out high-status KOL's with impressive academic appointments, status is only one determinant of a KOL's influence. Just as important is the fact that a KOL is, at least in theory, independent. [...]
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    Medicine, Trials, Conflict of Interest, Disclosures Just a bunch of links -- mostly from the US -- that paint give us a troubling picture of the state of ethics in biomedical fields:
Weiye Loh

'The Social Network': A Review Of Aaron Sorkin's Film About Facebook And Mark Zuckerber... - 0 views

  • What is important in Zuckerberg’s story is not that he’s a boy genius. He plainly is, but many are. It’s not that he’s a socially clumsy (relative to the Harvard elite) boy genius. Every one of them is. And it’s not that he invented an amazing product through hard work and insight that millions love. The history of American entrepreneurism is just that history, told with different technologies at different times and places.
  • what’s important here is that Zuckerberg’s genius could be embraced by half-a-billion people within six years of its first being launched, without (and here is the critical bit) asking permission of anyone. The real story is not the invention. It is the platform that makes the invention sing. Zuckerberg didn’t invent that platform. He was a hacker (a term of praise) who built for it. And as much as Zuckerberg deserves endless respect from every decent soul for his success, the real hero in this story doesn’t even get a credit. It’s something Sorkin doesn’t even notice.
  • Zuckerberg faced no such barrier. For less than $1,000, he could get his idea onto the Internet. He needed no permission from the network provider. He needed no clearance from Harvard to offer it to Harvard students. Neither with Yale, or Princeton, or Stanford. Nor with every other community he invited in. Because the platform of the Internet is open and free, or in the language of the day, because it is a “neutral network,” a billion Mark Zuckerbergs have the opportunity to invent for the platform. And though there are crucial partners who are essential to bring the product to market, the cost of proving viability on this platform has dropped dramatically. You don’t even have to possess Zuckerberg’s technical genius to develop your own idea for the Internet today.
    • Weiye Loh
       
      What a shallow techno-utopianist view...
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  • that is tragedy because just at the moment when we celebrate the product of these two wonders—Zuckerberg and the Internet—working together, policymakers are conspiring ferociously with old world powers to remove the conditions for this success. As “network neutrality” gets bargained away—to add insult to injury, by an administration that was elected with the promise to defend it—the opportunities for the Zuckerbergs of tomorrow will shrink. And as they do, we will return more to the world where success depends upon permission. And privilege. And insiders. And where fewer turn their souls to inventing the next great idea.
  • Zuckerberg is a rightful hero of our time. I want my kids to admire him. To his credit, Sorkin gives him the only lines of true insight in the film: In response to the twins’ lawsuit, he asks, does “a guy who makes a really good chair owe money to anyone who ever made a chair?” And to his partner who signed away his ownership in Facebook: “You’re gonna blame me because you were the business head of the company and you made a bad business deal with your own company?” Friends who know Zuckerberg say such insight is common. No doubt his handlers are panicked that the film will tarnish the brand. He should listen less to these handlers. As I looked around at the packed theater of teens and twenty-somethings, there was no doubt who was in the right, however geeky and clumsy and sad. That generation will judge this new world. If, that is, we allow that new world to continue to flourish.
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Weiye Loh

Research, as a Business, Is Risky - Science in 2011 - NYTimes.com - 0 views

  • Research, in any field of science, is not the risk-free business that might easily be supposed from the confident promises of scientific spokesmen or the daily reports of new advances.
  • Basic research, the attempt to understand the fundamental principles of science, is so risky, in fact, that only the federal government is willing to keep pouring money into it. It is a venture that produces far fewer hits than misses.
  • Even the pharmaceutical industry, a major beneficiary of biomedical research, does not like to invest too heavily in basic science. Rather, it lets private venture capital support the small biotechnology companies that first try to bring new findings to market, and then buys up the few winners of this harsh winnowing process.
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  • government financing agencies as the National Institutes of Health and the National Science Foundation are like the managers of a stock index fund: they buy everything in the market, and the few spectacular winners make up for all the disasters. But just as index fund managers often go astray when they try to improve on the index’s performance by overweighting the stocks they favor, the government can go wrong when it tries to pick winners.
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