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caelengrubb

Free Market - Econlib - 0 views

  • Free market” is a summary term for an array of exchanges that take place in society.
  • Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents. These two individuals (or agents) exchange two economic goods, either tangible commodities or nontangible services
  • Both parties undertake the exchange because each expects to gain from it. Also, each will repeat the exchange next time (or refuse to) because his expectation has proved correct (or incorrect) in the recent past.
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  • Trade, or exchange, is engaged in precisely because both parties benefit; if they did not expect to gain, they would not agree to the exchange.
  • This simple reasoning refutes the argument against free trade typical of the “mercantilist” period of sixteenth- to eighteenth-century Europe and classically expounded by the famed sixteenth-century French essayist Montaigne.
  • The mercantilists argued that in any trade, one party can benefit only at the expense of the other—that in every transaction there is a winner and a loser, an “exploiter” and an “exploited.”
  • We can immediately see the fallacy in this still-popular viewpoint: the willingness and even eagerness to trade means that both parties benefit. In modern game-theory jargon, trade is a win-win situation, a “positive-sum” rather than a “zero-sum” or “negative-sum” game.
  • Each one values the two goods or services differently, and these differences set the scene for an exchange.
  • Two factors determine the terms of any agreement: how much each participant values each good in question, and each participant’s bargaining skills.
  • the market in relation to how favorably buyers evaluate these goods—in shorthand, by the interaction of their supply with the demand for them.
  • On the other hand, given the buyers’ evaluation, or demand, for a good, if the supply increases, each unit of supply—each baseball card or loaf of bread—will fall in value, and therefore the price of the good will fall. The reverse occurs if the supply of the good decreases.
  • The market, then, is not simply an array; it is a highly complex, interacting latticework of exchanges.
  • Production begins with natural resources, and then various forms of machines and capital goods, until finally, goods are sold to the consumer.
  • At each stage of production from natural resource to consumer good, money is voluntarily exchanged for capital goods, labor services, and land resources. At each step of the way, terms of exchanges, or prices, are determined by the voluntary interactions of suppliers and demanders. This market is “free” because choices, at each step, are made freely and voluntarily.
  • The free market and the free price system make goods from around the world available to consumers.
  • Saving and investment can then develop capital goods and increase the productivity and wages of workers, thereby increasing their standard of living.
  • The free competitive market also rewards and stimulates technological innovation that allows the innovator to get a head start in satisfying consumer wants in new and creative ways.
  • Government, in every society, is the only lawful system of coercion. Taxation is a coerced exchange, and the heavier the burden of taxation on production, the more likely it is that economic growth will falter and decline
  • The ultimate in government coercion is socialism.
  • Under socialist central planning the socialist planning board lacks a price system for land or capital goods.
  • Market socialism is, in fact, a contradiction in terms.
  • The fashionable discussion of market socialism often overlooks one crucial aspect of the market: When two goods are exchanged, what is really exchanged is the property titles in those goods.
  • This means that the key to the existence and flourishing of the free market is a society in which the rights and titles of private property are respected, defended, and kept secure.
  • The key to socialism, on the other hand, is government ownership of the means of production, land, and capital goods.
  • Under socialism, therefore, there can be no market in land or capital goods worthy of the name.
  • ome critics of the free market argue that property rights are in conflict with “human” rights. But the critics fail to realize that in a free-market system, every person has a property right over his own person and his own labor and can make free contracts for those services.
  • A common charge against the free-market society is that it institutes “the law of the jungle,” of “dog eat dog,” that it spurns human cooperation for competition and exalts material success as opposed to spiritual values, philosophy, or leisure activities.
  • It is the coercive countries with little or no market activity—the notable examples in the last half of the twentieth century were the communist countries—where the grind of daily existence not only impoverishes people materially but also deadens their spirit.
katherineharron

Unemployment benefits: Claims from Asian Americans have spiked 6,900% in New York. Here... - 0 views

  • Across New York, businesses like Lam's have shut down during the coronavirus pandemic and Asian American workers have filed for unemployment benefits at extraordinary rates. In the state, about 147,000 self-identified Asian workers have filed initial unemployment claims in the last four weeks alone, up from just 2,100 during the same period last year.
  • That's a 6,900% increase — by far the largest percentage increase experienced by any one racial or ethnic group.
  • Not surprisingly, claims are skyrocketing for every group in the state, reflecting the sharp economic downturn that nationwide has left 30 million Americans filing first-time unemployment claims since mid-March.
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  • Asian workers make up about 9% of New York state's population and work force, but now account for 12.5% of initial claims over the last four weeks. A year ago, they made up just 3.7% of claims during the same time period.
  • White workers, for example, make up 65% of New York's labor force, but only 51% of recent claims.
tongoscar

Germany: Half of refugees find jobs within five years | News | DW | 04.02.2020 - 0 views

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  • A new study published on Tuesday found that 49% of refugees who have come to Germany since 2013 were able to find steady employment within five years of arriving.
  • "This means that labor market integration is somewhat faster than for refugees from previous years," said the Insitute for Labor Market and Vocational Research (IAB), who carried out the study.
  • While 68 percent reported having a job, this included both full and part-time. Moreover, 17% of this group are involved in a paid training scheme and 3% have a paid internship, a form of employment that often does not pay enough to live off.
Javier E

The Philosopher Redefining Equality | The New Yorker - 0 views

  • The bank experience showed how you could be oppressed by hierarchy, working in an environment where you were neither free nor equal. But this implied that freedom and equality were bound together in some way beyond the basic state of being unenslaved, which was an unorthodox notion. Much social thought is rooted in the idea of a conflict between the two.
  • If individuals exercise freedoms, conservatives like to say, some inequalities will naturally result. Those on the left basically agree—and thus allow constraints on personal freedom in order to reduce inequality. The philosopher Isaiah Berlin called the opposition between equality and freedom an “intrinsic, irremovable element in human life.” It is our fate as a society, he believed, to haggle toward a balance between them.
  • What if they weren’t opposed, Anderson wondered, but, like the sugar-phosphate chains in DNA, interlaced in a structure that we might not yet understand?
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  • At fifty-nine, Anderson is the chair of the University of Michigan’s department of philosophy and a champion of the view that equality and freedom are mutually dependent, enmeshed in changing conditions through time.
  • She has built a case, elaborated across decades, that equality is the basis for a free society
  • Because she brings together ideas from both the left and the right to battle increasing inequality, Anderson may be the philosopher best suited to this awkward moment in American life. She builds a democratic frame for a society in which people come from different places and are predisposed to disagree.
  • she sketched out the entry-level idea that one basic way to expand equality is by expanding the range of valued fields within a society.
  • The ability not to have an identity that one carries from sphere to sphere but, rather, to be able to slip in and adopt whatever values and norms are appropriate while retaining one’s identities in other domains?” She paused. “That is what it is to be free.”
  • How do you move from a basic model of egalitarian variety, in which everybody gets a crack at being a star at something, to figuring out how to respond to a complex one, where people, with different allotments of talent and virtue, get unequal starts, and often meet with different constraints along the way?
  • The problem, she proposed, was that contemporary egalitarian thinkers had grown fixated on distribution: moving resources from lucky-seeming people to unlucky-seeming people, as if trying to spread the luck around.
  • Egalitarians should agree about clear cases of blameless misfortune: the quadriplegic child, the cognitively impaired adult, the teen-ager born into poverty with junkie parents. But Anderson balked there, too. By categorizing people as lucky or unlucky, she argued, these egalitarians set up a moralizing hierarchy.
  • In Anderson’s view, the way forward was to shift from distributive equality to what she called relational, or democratic, equality: meeting as equals, regardless of where you were coming from or going to.
  • By letting the lucky class go on reaping the market’s chancy rewards while asking others to concede inferior status in order to receive a drip-drip-drip of redistributive aid, these egalitarians were actually entrenching people’s status as superior or subordinate.
  • To the ugly and socially awkward: . . . Maybe you won’t be such a loser in love once potential dates see how rich you are.
  • . To the stupid and untalented: Unfortunately, other people don’t value what little you have to offer in the system of production. . . . Because of the misfortune that you were born so poorly endowed with talents, we productive ones will make it up to you: we’ll let you share in the bounty of what we have produced with our vastly superior and highly valued abilities. . . 
  • she imagined some citizens getting a state check and a bureaucratic letter:
  • This was, at heart, an exercise of freedom. The trouble was that many people, picking up on libertarian misconceptions, thought of freedom only in the frame of their own actions.
  • To be truly free, in Anderson’s assessment, members of a society had to be able to function as human beings (requiring food, shelter, medical care), to participate in production (education, fair-value pay, entrepreneurial opportunity), to execute their role as citizens (freedom to speak and to vote), and to move through civil society (parks, restaurants, workplaces, markets, and all the rest).
  • Anderson’s democratic model shifted the remit of egalitarianism from the idea of equalizing wealth to the idea that people should be equally free, regardless of their differences.
  • A society in which everyone had the same material benefits could still be unequal, in this crucial sense; democratic equality, being predicated on equal respect, wasn’t something you could simply tax into existence. “People, not nature, are responsible for turning the natural diversity of human beings into oppressive hierarchies,”
  • Her first book, “Value in Ethics and Economics,” appeared that year, announcing one of her major projects: reconciling value (an amorphous ascription of worth that is a keystone of ethics and economics) with pluralism (the fact that people seem to value things in different ways).
  • Philosophers have often assumed that pluralistic value reflects human fuzziness—we’re loose, we’re confused, and we mix rational thought with sentimental responses.
  • She offered an “expressive” theory: in her view, each person’s values could be various because they were socially expressed, and thus shaped by the range of contexts and relationships at play in a life. Instead of positing value as a basic, abstract quality across society (the way “utility” functioned for economists), she saw value as something determined by the details of an individual’s history.
  • Like her idea of relational equality, this model resisted the temptation to flatten human variety toward a unifying standard. In doing so, it helped expand the realm of free and reasoned economic choice.
  • Anderson’s model unseated the premises of rational-choice theory, in which individuals invariably make utility-maximizing decisions, occasionally in heartless-seeming ways. It ran with, rather than against, moral intuition. Because values were plural, it was perfectly rational to choose to spend evenings with your family, say, and have guilt toward the people you left in the lurch at work.
  • The theory also pointed out the limits on free-market ideologies, such as libertarianism.
  • In ethics, it broke across old factional debates. The core idea “has been picked up on by people across quite a range of positions,” Peter Railton, one of Anderson’s longtime colleagues, says. “Kantians and consequentialists alike”—people who viewed morality in terms of duties and obligations, and those who measured the morality of actions by their effects in the world—“could look at it and see something important.”
  • Traditionally, the discipline is taught through a-priori thought—you start with basic principles and reason forward. Anderson, by contrast, sought to work empirically, using information gathered from the world, identifying problems to be solved not abstractly but through the experienced problems of real people.
  • “Dewey argued that the primary problems for ethics in the modern world concerned the ways society ought to be organized, rather than personal decisions of the individual,”
  • In 2004, the Stanford Encyclopedia of Philosophy asked Anderson to compose its entry on the moral philosophy of John Dewey, who helped carry pragmatist methods into the social realm. Dewey had an idea of democracy as a system of good habits that began in civil life. He was an anti-ideologue with an eye for pluralism.
  • She started working with historians, trying to hone her understanding of ideas by studying them in the context of their creation. Take Rousseau’s apparent support of direct democracy. It’s rarely mentioned that, at the moment when he made that argument, his home town of Geneva had been taken over by oligarchs who claimed to represent the public. Pragmatism said that an idea was an instrument, which naturally gave rise to such questions as: an instrument for what, and where, and when?
  • In “What Is the Point of Equality?,” Anderson had already started to drift away from what philosophers, following Rawls, call ideal theory, based on an end vision for a perfectly just society. As Anderson began a serious study of race in America, though, she found herself losing faith in that approach entirely.
  • Broadly, there’s a culturally right and a culturally left ideal theory for race and society. The rightist version calls for color blindness. Instead of making a fuss about skin and ethnicity, its advocates say, society should treat people as people, and let the best and the hardest working rise.
  • The leftist theory envisions identity communities: for once, give black people (or women, or members of other historically oppressed groups) the resources and opportunities they need, including, if they want it, civil infrastructure for themselves.
  • In “The Imperative of Integration,” published in 2010, Anderson tore apart both of these models. Sure, it might be nice to live in a color-blind society, she wrote, but that’s nothing like the one that exists.
  • But the case for self-segregation was also weak. Affinity groups provided welcome comfort, yet that wasn’t the same as power or equality, Anderson pointed out. And there was a goose-and-gander problem. Either you let only certain groups self-segregate (certifying their subordinate status) or you also permitted, say, white men to do it,
  • Anderson’s solution was “integration,” a concept that, especially in progressive circles, had been uncool since the late sixties. Integration, by her lights, meant mixing on the basis of equality.
  • in attending to these empirical findings over doctrine, she announced herself as a non-ideal theorist: a philosopher with no end vision of society. The approach recalls E. L. Doctorow’s description of driving at night: “You can see only as far as the headlights, but you can make the whole trip that way.”
  • or others, though, a white woman making recommendations on race policy raised questions of perspective. She was engaging through a mostly white Anglo-American tradition. She worked from the premise that, because she drew on folders full of studies, the limits of her own perspective were not constraining.
  • Some philosophers of color welcomed the book. “She’s taking the need for racial justice seriously, and you could hardly find another white political philosopher over a period of decades doing that,”
  • Recently, Anderson changed the way she assigns undergraduate essays: instead of requiring students to argue a position and fend off objections, doubling down on their original beliefs, she asks them to discuss their position with someone who disagrees, and to explain how and why, if at all, the discussion changed their views.
  • The challenge of pluralism is the challenge of modern society: maintaining equality amid difference in a culture given to constant and unpredictable change.
  • Rather than fighting for the ascendancy of certain positions, Anderson suggests, citizens should fight to bolster healthy institutions and systems—those which insure that all views and experiences will be heard. Today’s righteous projects, after all, will inevitably seem fatuous and blinkered from the vantage of another age.
  • Smith saw the markets as an escape from that order. Their “most important” function, he explained, was to bring “liberty and security” to those “who had before lived almost in a continual state of war with their neighbours, and of servile dependency upon their superiors.”
  • Anderson zeroed in on Adam Smith, whose “The Wealth of Nations,” published in 1776, is taken as a keystone of free-market ideology. At the time, English labor was subject to uncompensated apprenticeships, domestic servitude, and some measure of clerical dominion.
  • Smith, in other words, was an egalitarian. He had written “The Wealth of Nations” in no small part to be a solution to what we’d now call structural inequality—the intractable, compounding privileges of an arbitrary hierarchy.
  • It was a historical irony that, a century later, writers such as Marx pointed to the market as a structure of dominion over workers; in truth, Smith and Marx had shared a socioeconomic project. And yet Marx had not been wrong to trash Smith’s ideas, because, during the time between them, the world around Smith’s model had changed, and it was no longer a useful tool.
  • mages of free market society that made sense prior to the Industrial Revolution continue to circulate today as ideals, blind to the gross mismatch between the background social assumptions reigning in the seventeenth and eighteenth centuries, and today’s institutional realities. We are told that our choice is between free markets and state control, when most adults live their working lives under a third thing entirely: private government.
  • Today, people still try to use, variously, both Smith’s and Marx’s tools on a different, postindustrial world:
  • The unnaturalness of this top-heavy arrangement, combined with growing evidence of power abuses, has given many people reason to believe that something is fishy about the structure of American equality. Socialist and anti-capitalist models are again in vogue.
  • Anderson offers a different corrective path. She thinks it’s fine for some people to earn more than others. If you’re a brilliant potter, and people want to pay you more than the next guy for your pottery, great!
  • The problem isn’t that talent and income are distributed in unequal parcels. The problem is that Jeff Bezos earns more than a hundred thousand dollars a minute, while Amazon warehouse employees, many talented and hardworking, have reportedly resorted to urinating in bottles in lieu of a bathroom break. That circumstance reflects some structure of hierarchical oppression. It is a rip in the democratic fabric, and it’s increasingly the norm.
  • Andersonism holds that we don’t have to give up on market society if we can recognize and correct for its limitations—it may even be our best hope, because it’s friendlier to pluralism than most alternatives are.
  • we must be flexible. We must remain alert. We must solve problems collaboratively, in the moment, using society’s ears and eyes and the best tools that we can find.
  • “You can see that, from about 1950 to 1970, the typical American’s wages kept up with productivity growth,” she said. Then, around 1974, she went on, hourly compensation stagnated. American wages have been effectively flat for the past few decades, with the gains of productivity increasingly going to shareholders and to salaries for big bosses.
  • What changed? Anderson rattled off a constellation of factors, from strengthened intellectual-property law to winnowed antitrust law. Financialization, deregulation. Plummeting taxes on capital alongside rising payroll taxes. Privatization, which exchanged modest public-sector salaries for C.E.O. paydays. She gazed into the audience and blinked. “So now we have to ask: What has been used to justify this rather dramatic shift of labor-share of income?”
  • It was no wonder that industrial-age thinking was riddled with contradictions: it reflected what Anderson called “the plutocratic reversal” of classical liberal ideas. Those perversely reversed ideas about freedom were the ones that found a home in U.S. policy, and, well, here we were.
peterconnelly

Opinion | Elon Musk's Tesla Management Is a Bad Sign for Twitter - The New York Times - 0 views

  • His promises to preserve free speech, ban spam bots and dramatically boost revenue may have earned the blessing of the company’s founder, Jack Dorsey, but with Twitter’s stock falling well below his offer price, Mr. Musk appears to be reneging on a deal that has made even Wall Street grow skeptical.
  • The way that he has managed and marketed his businesses from Tesla’s early days reveals a dysfunction behind the automaker’s veneer of technofuturism and past stock market successes.
  • The way that he has managed and marketed his businesses from Tesla’s early days reveals a dysfunction behind the automaker’s veneer of technofuturism and past stock market successes.
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  • he forces his employees to bridge the enormous gap between technological reality and his dreams. This disconnect fosters a negligent and sometimes cruel workplace, to disastrous effect.
  • That fully self-driving announcement that so delighted his fans came as a far more jarring revelation to the project’s engineers, who found out about their staggering new mission when Mr. Musk tweeted about it.
  • This is the fundamental weakness of every organization run as a cult of personality: The dear leader can’t be everywhere or make every decision but often fails to provide the clear code of values that allows managers to independently shape their decisions around common goals.
  • Lawsuits by workers and California’s Department of Fair Employment and Housing allege that Black workers were tasked with menial physical labor in parts of the factory nicknamed “the plantation,” where they were subjected to racist slurs and graffiti.
  • He ultimately gave up and cobbled together a manual-labor-intensive production line in an open-air tent.
  • Female workers have sued, alleging a pervasive culture of sexual harassment and groping by supervisors. Mr. Musk was indifferent, emailing workers who experienced abuse that “it is important to be thick-skinned.”
  • lantatio
  • Mr. Musk’s reliance on hype is especially jarring.
  • By moving to buy Twitter, Mr. Musk has not only added another distraction to his long list but has also already shown the same drive to announce sweeping decisions in public.
  • Ultimately Mr. Musk’s goals for Twitter, as they are for Tesla, are not about making the right decisions for his companies or the people who make them possible.
  • They are about playing to the crowd and burnishing the legend that keeps fresh bodies and minds moving through the businesses that chew them up and spit them out.
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    Elon Musk's management at Tesla and his buying of Twitter
peterconnelly

Opinion: Want to keep your employees happy? Offer these 5 things - CNN - 0 views

  • To attract workers in today's tight labor market, companies are touting better workplace amenities. Amazon is running ads about the company's pay and benefits. Levi Strauss is offering to cover travel costs for workers seeking abortions. Airbnb is allowing its employees to permanently work remotely. This is a workers' paradise in the making.
  • But they also made clear that willingness to stay with the current employer is also a matter of whether their direct managers can deliver on five other factors beyond the paycheck that keep people happy, productive and on the team.
  • Now, increasing numbers of people demand the ability to choose when, where and how to work.
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  • This made the employee feel like remote work was just another set of disempowering rules.
  • Workers clearly felt empowered by having more control over their own work life. Companies must give people choices that match their unique work and life needs.
  • People crave predictability. Surprises make it harder for employees to plan their lives and have peace of mind. When constant change is inflicted on them, without a chance to anticipate it or participate in decisions about it, people get anxious and passive, and dream of escape.
  • For instance, workers who get unexpected spot bonuses sometimes feel that they don't know what to count on when calculating their future compensation; they'd rather have a predictable total package.
  • People thrive when their value is acknowledged by getting more responsibility, recognition and stature, such as a bigger title.
  • Jobs that convey a sense of purpose and meaning are more likely to exercise an emotional hold on people. Whether or not the company overall thinks it stands for social responsibility, people want to see that chance to make a difference in their immediate work experience.
  • Conventional wisdom holds that the best way to improve employment circumstances is to get an offer from a new company. That shouldn't have to be the case. Managers who want to retain people should act as if they are just now hiring them.
  • The best labor pool could be the one companies already have. They should treat their people as a precious resource and give them what they want from work. Rewarding them will reward the business.
Javier E

Opinion | It's Time to Stop Living the American Scam - The New York Times - 0 views

  • people aren’t trying to sell busyness as a virtue anymore, not even to themselves. A new generation has grown to adulthood that’s never known capitalism as a functioning economic system. My generation, X, was the first postwar cohort to be downwardly mobile, but millennials were the first to know it going in.
  • Our country’s oligarchs forgot to maintain the crucial Horatio Alger fiction that anyone can get ahead with hard work — or maybe they just dropped it, figuring we no longer had any choice.
  • Through the internet, we could peer enviously at our neighbors in civilized countries, who get monthlong vacations, don’t have to devote decades to paying for their college degrees, and aren’t terrified of going broke if they get sick. To young people, America seems less like a country than an inescapable web of scams, and “hard work” less like a virtue than a propaganda slogan, inane as “Just say no.”
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  • I think people are enervated not just by the Sisyphean pointlessness of their individual labors but also by the fact that they’re working in and for a society in which, increasingly, they have zero faith or investment. The future their elders are preparing to bequeath to them is one that reflects the fondest hopes of the same ignorant bigots a lot of them fled their hometowns to escape.
  • It turns out that millions of people never actually needed to waste days of their lives sitting in traffic or pantomime “work” under managerial scrutiny eight hours a day
  • We learned that nurses, cashiers, truckers and delivery people (who’ve always been too busy to brag about it) actually ran the world and the rest of us were mostly useless supernumeraries. The brutal hierarchies of work shifted, for the first time in recent memory, in favor of labor, and the outraged whines of former social Darwinists were a pleasure to savor.
  • Of course, everyone is still busy — worse than busy, exhausted, too wiped at the end of the day to do more than stress-eat, binge-watch and doomscroll — but no one’s calling it anything other than what it is anymore: an endless, frantic hamster wheel for survival.
  • The pandemic was the bomb cyclone of our discontents
  • American conservatism, which is demographically terminal and knows it, is acting like a moribund billionaire adding sadistic codicils to his will.
  • An increasingly popular retirement plan is figuring civilization will collapse before you have to worry about it
  • Midcentury science fiction writers assumed that the increased productivity brought on by mechanization would give workers an oppressive amount of leisure time, that our greatest threats would be boredom and ennui. But these authors’ prodigious imaginations were hobbled by their humanity and rationality; they’d forgotten that the world is ordered not by reason or decency but by rapacious avarice.
  • In the past few decades, capitalism has exponentially increased the creation of wealth for the already incredibly wealthy at the negligible expense of the well-being, dignity and happiness of most of humanity, plus the nominal cost of a mass extinction and the destruction of the biosphere — like cutting out the inefficient business of digestion and metabolism by pouring a fine bottle of wine directly into the toilet, thereby eliminating the middleman of you.
  • Everyone knows how productive you can be when you’re avoiding something. We are currently experiencing the civilizational equivalent of that anxiety you feel when you have something due the next day that you haven’t even started thinking about and yet still you sit there, helplessly watching whole seasons of mediocre TV or compulsively clicking through quintillions of memes even as your brain screams at you — the same way we scream at our politicians about guns and abortion and climate change — to do something.
  • Enough with the busywork already. We’ve been “productive” enough — produced way too much, in fact. And there is too much that urgently needs to be done: a republic to salvage, a civilization to reimagine and its infrastructure to reinvent, innumerable species to save, a world to restore and millions who are impoverished, imprisoned, illiterate, sick or starving. All while we waste our time at work.
Javier E

Matt Ridley on Evolution by Sexual Selection | Mind & Matter - WSJ.com - 0 views

  • the evolutionary psychologist Geoffrey Miller in his book "The Mating Mind" explored the notion that since human males woo their mates with art, poetry, music and humor, as well as with brawn, much of the expansion of our brain may have been sexually selected.
  • sexual selection explains civilization itself. They mathematically explored the possibility that "as females prefer males who conspicuously consume, an increasing proportion of males engage in innovation, labor and other productive activities in order to engage in conspicuous consumption. These activities contribute to technological progress and economic growth.
  • Michael Shermer, in his book "The Mind of the Market," argues that you can trace anticapitalist egalitarianism to sexual selection. Back in the hunter-gatherer Paleolithic, inequality had reproductive consequences. The successful hunter, providing valuable protein for females, got a lot more mating opportunities than the unsuccessful.
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  • this might explain why it is relative, rather than absolute, inequality that matters so much to people today. In modern Western society, when even relatively poor people have access to transport, refrigeration, entertainment, shoes and plentiful food, you might expect that inequality would be less resented than a century ago—when none of those things might come within the reach of a poor person. What does it matter if there are people who can afford private jets and designer dresses? But clearly that isn't how people think. They resent inequality in luxuries just as much if not more than inequality in necessities. They dislike (and envy) conspicuous consumption, even if it impinges on them not at all. What hurts is not that somebody is rich, but that he is richer.
Javier E

In History Departments, It's Up With Capitalism - NYTimes.com - 0 views

  • The dominant question in American politics today, scholars say, is the relationship between democracy and the capitalist economy. “And to understand capitalism,” said Jonathan Levy, an assistant professor of history at Princeton University and the author of “Freaks of Fortune: The Emerging World of Capitalism and Risk in America,” “you’ve got to understand capitalists.”
  • The new work marries hardheaded economic analysis with the insights of social and cultural history, integrating the bosses’-eye view with that of the office drones — and consumers — who power the system.
  • I like to call it ‘history from below, all the way to the top,’
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  • The new history of capitalism is less a movement than what proponents call a “cohort”: a loosely linked group of scholars who came of age after the end of the cold war cleared some ideological ground, inspired by work that came before but unbeholden to the questions — like, why didn’t socialism take root in America? — that animated previous generations of labor historians.
  • the crisis hit, and people started asking, ‘Oh my God, what has Wall Street been doing for the last 100 years?’ ”
  • While most scholars in the field reject the purely oppositional stance of earlier Marxist history, they also take a distinctly critical view of neoclassical economics, with its tidy mathematical models and crisp axioms about rational actors.
  • The history of capitalism has also benefited from a surge of new, economically minded scholarship on slavery, with scholars increasingly arguing that Northern factories and Southern plantations were not opposing economic systems, as the old narrative has it, but deeply entwined.
  • In a paper called “Toxic Debt, Liar Loans and Securitized Human Beings: The Panic of 1837 and the Fate of Slavery,” Edward Baptist, a historian at Cornell, looked at the way small investors across America and Europe snapped up exotic financial instruments based on slave holdings, much as people over the past decade went wild for mortgage-backed securities and collateralized debt obligations — with a similarly disastrous outcome.
Javier E

A Modest Proposal for More Back-Stabbing in Preschool - NYTimes.com - 0 views

  • I am a deluded throwback to carefree days, and in my attempt to raise a conscious, creative and socially and environmentally responsible child while lacking the means to also finance her conscious, creative and environmentally and socially responsible lifestyle forever, I’d accidentally gone and raised a hothouse serf. Oops.
  • Reich’s thesis is that some inequality is inevitable, even necessary, in a free-market system. But what makes an economy stable and prosperous is a strong, vibrant, growing middle class. In the three decades after World War II, a period that Reich calls “the great prosperity,” the G.I. Bill, the expansion of public universities and the rise of labor unions helped create the biggest, best-educated middle class in the world. Reich describes this as an example of a “virtuous circle” in which productivity grows, wages increase, workers buy more, companies hire more, tax revenues increase, government invests more, workers are better educated. On the flip side, when the middle class doesn’t share in the economic gains, it results over time in a downward vicious cycle: Wages stagnate, workers buy less, companies downsize, tax revenues decrease, government cuts programs, workers are less educated, unemployment rises, deficits grow. Since the crash that followed the deregulation of the financial markets, we have struggled to emerge from such a cycle.
  • What if the kid got it in her head that it was a good idea to go into public service, the helping professions, craftsmanship, scholarship or — God help her — the arts? Wouldn’t a greedier, more back-stabby style of early education be more valuable to the children of the shrinking middle class ­ — one suited to the world they are actually living in?
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  • Are we feeding our children a bunch of dangerous illusions about fairness and hard work and level playing fields? Are ideals a luxury only the rich can afford?
  • I’m reminded of the quote by John Adams: “I must study politics and war, that my sons may have the liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history [and] naval architecture . . . in order to give their children a right to study painting, poetry, music, architecture, tapestry and porcelain.” For all intents and purposes, I guess I studied porcelain. The funny thing is that my parents came from a country (Peru) with a middle class so small that parents had to study business so that their children could study business. If I didn’t follow suit, it’s at least in part because I spent my childhood in the 1970s absorbing the nurturing message of a progressive pop culture that told me I could be anything I wanted, because this is America.
  • “When we see the contrast between the values we share and the realities we live in, that is the fundamental foundation for social change.”
Javier E

Against the Odds, Starting a Tech Business in France - NYTimes.com - 0 views

  • France’s business ecosystem thrives on contradictions — the country has some of the highest labor costs in Europe and restrictive regulations, and yet its companies regularly make the Fortune 500 list; it has highly skilled graduates and engineers but struggles to compete globally; it has an alphabet-soup of agencies intended to support fledgling businesses, but they are so lacking in coherence that they remain unheard of to many; there is a vibrant investor community ready to commit funds, but only once an entrepreneur has a proven track record; and the French embrace money, but not bling.
  • the French like entrepreneurs when they remain very discreet and don’t transform into a businessman. That’s where the evil begins. So they like the number two. They don’t like success. They have a problem with wealth and with money.”
  • French businesses have their wings clipped by onerous social charges paid to the government based on the salary of the employee. Companies need to think twice before hiring and firing, when employees are often due extensive severance benefits. They also need to coax financing from a traditionally risk-averse market and console themselves with the relatively small clout that businesses hold in government.
alliefulginiti1

Voices From China's Cultural Revolution - The New York Times - 0 views

  • ademics and writers who witnessed the Cultural Revolution.
  • At the time, no one really knew who was for or against the revolution.
  • If there had been no Cultural Revolution, then I would not be who I am today.
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  • It wasn’t the manual labor. That’s a different kind of hardship. This was the worst kind of bitterness.
  • ou will have no future in this place. You will not have a good job. Everyone looks down on you.”That burden, that burden on your spirit, is very heavy.
  • Even before the Cultural Revolution, there were divisions in our class over family background.
  • After the Cultural Revolution broke out, they were also the ones who formed the first Red Guard group.
  • One night these rebels – Red Guards – burst into the apartment, turning everything inside out
  • At Tsinghua High School I also saw students and teachers who were beaten up, or had their hair shaved off.
  • But the hospital said they didn’t treat this kind of cow demon and snake spirit,
  • They said that because of my family background I could never love socialism and the Communist Party.
  • Struggle sessions, when people were accused of political crimes, publicly humiliated and subject to verbal and physical abuse by a crowd, were a frequent occurrence during the Cultural Revolution
  • People who didn’t experience the Cultural Revolution only know that a large number of officials were persecuted,
  • They treat one-sidedly extolling the achievements of the past as a “positive energy” to be exalted, and they treat exposing and reflecting on the mistakes of history as a “negative energy” to be beaten down.
Javier E

Sexual Freelancing in the Gig Economy - The New York Times - 0 views

  • We constantly use economic metaphors to describe romantic and sexual relations. Few people today refer to women as “damaged goods” or wonder why a man would “buy the cow when he can get the milk for free,” but we have “friends with benefits” and “invest in relationships.” An ex may be “on” or “off the market.” Online dating makes “shopping around” explicit. Blog after blog strategizes about how to maximize your “return on investment” on OkCupid.
  • he ways that people date — who contacts whom, where they meet and what happens next — have always been tied to the economy. Dating applies the logic of capitalism to courtship. On the dating market, everyone competes for him or herself.
  • If you want to understand why “Netflix and chill” has replaced dinner and a movie, you need to look at how people work.
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  • Today, people are constantly told that we must be flexible and adaptable in order to succeed. Is it surprising that these values are reshaping how many of us approach sex and love?
  • part-timers, contractors and other contingent workers — who constitute some 40 percent of the American work force — are more inclined to text one another “u still up?” than to make plans in advance
  • Smartphones have altered expectations about when we are “on” and “off,” and working from home or from cafes has blurred the lines between labor and leisure.
  • The 2013 and 2014 Work and Education Poll conducted by Gallup found that the average full-time American worker reported working 47 hours per week. Moreover, 21 percent of the people surveyed reported working 50 to 59 hours per week; and another 18 percent said they worked 60 or more hours a week.
  • marriage rates have declined significantly since 1960. The median age of first marriage has risen to a record high: 27 for women and 29 for men.
  • “Knot Yet: The Benefits and Costs of Delayed Marriage in America” observed that young adults have gone from seeing marriage as a “cornerstone” of adult life to its “capstone,” something you enter only after you complete your education and attain professional stability
  • DATING itself is a recent invention. It developed when young people began moving to cities and women began working outside private homes. By 1900, 44 percent of single American women worked. Previously, courtship had taken place under adult supervision, in private places: a parlor, a factory dance or church social. But once women started going out and earning wages, they had more freedom over where and how they met prospective mates. Because men vastly out-earned women, they typically paid for entertainment.
  • In the 1920s and ‘30s, as more and more middle-class women started going to college, parents and faculty panicked over the “rating and dating” culture, which led kids to participate in “petting parties” and take “joy rides” with members of the opposite sex.
  • By the 1950s, a new kind of dating took over: “going steady.
  • by the post-war era of full employment, this form of courtship made perfect sense. The booming economy, which was targeting the newly flush “teen” demographic, dictated that in order for everyone to partake in new consumer pleasures — for everyone to go out for a burger and root beer float on the weekends — young people had to pair off
  • The generation of Americans that came of age around the time of the 2008 financial crisis has been told constantly that we must be “flexible” and “adaptable.” Is it so surprising that we have turned into sexual freelancers? Many of us treat relationships like unpaid internships: We cannot expect them to lead to anything long-term, so we use them to get experience. If we look sharp, we might get a free lunch.
  • this kind of dating isn’t any more transactional than it was back when suitors paid women family-supervised visits or parents sought out a yenta to introduce their children at a synagogue mixer.
  • Courtship has always been dictated by changes in the market. The good news is that dating is not the same thing as love. And as anyone who has ever been in love can attest, the laws of supply and demand do not control our feelings.
anonymous

Are search engines and the Internet hurting human memory? - Slate Magazine - 2 views

  • are we losing the power to retain knowledge? The short answer is: No. Machines aren’t ruining our memory. Advertisement The longer answer: It’s much, much weirder than that!
  • we’ve begun to fit the machines into an age-old technique we evolved thousands of years ago—“transactive memory.” That’s the art of storing information in the people around us.
  • frankly, our brains have always been terrible at remembering details. We’re good at retaining the gist of the information we encounter. But the niggly, specific facts? Not so much.
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  • subjects read several sentences. When he tested them 40 minutes later, they could generally remember the sentences word for word. Four days later, though, they were useless at recalling the specific phrasing of the sentences—but still very good at describing the meaning of them.
  • When you’re an expert in a subject, you can retain new factoids on your favorite topic easily. This only works for the subjects you’re truly passionate about, though
  • The groups that scored highest on a test of their transactive memory—in other words, the groups where members most relied on each other to recall information—performed better than those who didn't use transactive memory. Transactive groups don’t just remember better: They also analyze problems more deeply, too, developing a better grasp of underlying principles.
  • Wegner noticed that spouses often divide up memory tasks. The husband knows the in-laws' birthdays and where the spare light bulbs are kept; the wife knows the bank account numbers and how to program the TiVo
  • Together, they know a lot. Separately, less so.
  • Wegner suspected this division of labor takes place because we have pretty good "metamemory." We're aware of our mental strengths and limits, and we're good at intuiting the memory abilities of others.
  • We share the work of remembering, Wegner argued, because it makes us collectively smarter
  • They were, in a sense, Googling each other.
  • Transactive memory works best when you have a sense of how your partners' minds work—where they're strong, where they're weak, where their biases lie. I can judge that for people close to me. But it's harder with digital tools, particularly search engines
  • So humanity has always relied on coping devices to handle the details for us. We’ve long stored knowledge in books, paper, Post-it notes
  • And as it turns out, this is what we’re doing with Google and Evernote and our other digital tools. We’re treating them like crazily memorious friends who are usually ready at hand. Our “intimate dyad” now includes a silicon brain.
  • When Sparrow tested the students, the people who knew the computer had saved the information were less likely to personally recall the info than the ones who were told the trivia wouldn't be saved. In other words, if we know a digital tool is going to remember a fact, we're slightly less likely to remember it ourselves
  • believing that one won't have access to the information in the future enhances memory for the information itself, whereas believing the information was saved externally enhances memory for the fact that the information could be accessed.
  • Just as we learn through transactive memory who knows what in our families and offices, we are learning what the computer 'knows' and when we should attend to where we have stored information in our computer-based memories,
  • We’ve stored a huge chunk of what we “know” in people around us for eons. But we rarely recognize this because, well, we prefer our false self-image as isolated, Cartesian brains
  • We’re dumber and less cognitively nimble if we're not around other people—and, now, other machines.
  • When humans spew information at us unbidden, it's boorish. When machines do it, it’s enticing.
  • Though you might assume search engines are mostly used to answer questions, some research has found that up to 40 percent of all queries are acts of remembering. We're trying to refresh the details of something we've previously encountered.
  • "the thinking processes of the intimate dyad."
  • We need to develop literacy in these tools the way we teach kids how to spell and write; we need to be skeptical about search firms’ claims of being “impartial” referees of information
  • And on an individual level, it’s still important to slowly study and deeply retain things, not least because creative thought—those breakthrough ahas—come from deep and often unconscious rumination, your brain mulling over the stuff it has onboard.
  • you can stop worrying about your iPhone moving your memory outside your head. It moved out a long time ago—yet it’s still all around you.
sissij

The Economics of Obesity: Why Are Poor People Fat? - 0 views

  • This is what poverty looked like in the Great Depression…
  • This is what poverty looks like today…
  • For most of recorded history, fat was revered as a sign of health and prosperity. Plumpness was a status symbol. It showed that you did not have to engage in manual labor for your sustenance. And it meant that you could afford plentiful quantities of food.
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  • The constant struggle to hunt and harvest ensured that we stayed active. And for those with little money, the supply of calories was meager. This ensured that most of the working class stayed slim.
  • Rich people were fat. Poor people were thin.
  • What he found is that he could buy well over 1,000 calories of cookies or potato chips. But his dollar would only buy 250 calories of carrots. He could buy almost 900 calories of soda… but only 170 calories of orange juice.
  • The primary reason that lower-income people are more overweight is because the unhealthiest and most fattening foods are the cheapest.
  • Within the current system, the best we can hope for is a situation where public funds are diverted from the corporate Agri-Giants (which is nothing more than welfare for the wealthy) to family farms and fruit and vegetable growers. Currently, almost 70% of farmers receive no subsidies at all, while the biggest and strongest take the bulk of public funds.
  •  
    This article shows a very interesting stereotyping that rich people ought to be fat and poor people ought to be thin. It reminded me of I video I have just seen, in which a poor but fat woman is trying to explain why now people in poverty is more likely to be fat. She shows us some comments from people when they hear that she is very poor. The vehement reaction and bad language they used showed that this stereotyping is very deep in our society. However, time is very different now. Food is not as expensive as we think, what is expensive is actually healthy food, that's why poor people tends to be fat. My grandpa once told me that when he was young, he was confused why poor people in Honking movie are eating chicken legs. This is the result of the transformation of society.--Sissi (2/8/2017)
Duncan H

Living in the Material World - NYTimes.com - 0 views

  • on a visit to the Academy of Sciences in Almaty some years ago I was presented with a souvenir meant to assure me that Central Asia was indeed still producing philosophy worthy of note. It was a collectively authored book entitled “The Development of Materialist Dialectics in Kazakhstan,” and I still display it proudly on my shelf. Its rough binding and paper bespeak economic hardship. It is packed with the traces of ideas, yet everything about the book announces its materiality.I had arrived in the Kazakh capital 1994, just in time to encounter the last of a dying breed: the philosopher as party functionary (they are all by now retired, dead or defenestrated, or have simply given up on what they learned in school). The book, written by committee, was a collection of official talking points, and what passed for conversation there was something much closer to recitation.
  • The philosophical meaning of materialism may in the final analysis be traced back to a religious view of the world. On this view, to focus on the material side of existence is to turn away from the eternal and divine. Here, the category of the material is assimilated to that of sin or evil.
  • Yet in fact this feature of Marxist philosophical classification is one that, with some variations, continues to be shared by all philosophers, even in the West, even today
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  • materialism is not the greedy desire for material goods, but rather the belief that the fundamental reality of the world is material;
  • idealism is not the aspiration toward lofty and laudable goals, but rather the belief that the fundamental reality of the world is mental or idea-like. English-speaking philosophers today tend to speak of “physicalism” or “naturalism” rather than materialism (perhaps to avoid confusion with the Wall Street sense of the term). At the same time, Anglo-American historians of philosophy continue to find the distinction between materialism and idealism a useful one in our attempts at categorizing past schools of thought. Democritus and La Mettrie were materialists; Hobbes was pretty close. Berkeley and Kant were idealists; Leibniz may have been.
  • And it was these paradoxes that led the Irish philosopher to conclude that talk of matter was but a case of multiplying entities beyond necessity. For Berkeley, all we can know are ideas, and for this reason it made sense to suppose that the world itself consists in ideas.
  • Soviet and Western Marxists alike, by stark contrast, and before them the French “vulgar” (i.e., non-dialectical) materialists of the 18th century, saw and see the material world as the base and cause of all mental activity, as both bringing ideas into existence, and also determining the form and character of a society’s ideas in accordance with the state of its technology, its methods of resource extraction and its organization of labor. So here to focus on the material is not to become distracted from the true source of being, but rather to zero right in on it.
  • one great problem with the concept of materialism is that it says very little in itself. What is required in addition is an elaboration of what a given thinker takes matter, or ideas, to be. It may not be just the Marxist aftertaste, but also the fact that the old common-sense idea about matter as brute, given stuff has turned out to have so little to do with the way the physical world actually is, that has led Anglo-American philosophers to prefer to associate themselves with the “physical” or the “natural” rather than with the material.  Reality, they want to say, is just what is natural, while everything else is in turn “supernatural” (this distinction has its clarity going for it, but it also seems uncomfortably close to tautology). Not every philosopher has a solid grasp of subatomic physics, but most know enough to grasp that, even if reality is eventually exhaustively accounted for through an enumeration of the kinds of particles and a few basic forces, this reality will still look nothing like what your average person-in-the-street takes reality to be.
  • The 18th-century idealist philosopher George Berkeley strongly believed that matter was only a fiction contrived by philosophers in the first place, for which the real people had no need. For Berkeley, there was never anything common-sensical about matter. We did not need to arrive at the era of atom-splitting and wave-particle duality, then, in order for the paradoxes inherent in matter to make themselves known (is it infinitely divisible or isn’t it?
  • Central to this performance was the concept of  “materialism.” The entire history of philosophy, in fact, was portrayed in Soviet historiography as a series of matches between the materialist home-team and its “idealist” opponents, beginning roughly with Democritus (good) and Plato (bad), and culminating in the opposition between official party philosophy and logical positivism, the latter of which was portrayed as a shrouded variety of idealism. Thus from the “Short Philosophical Dictionary,” published in Moscow in 1951, we learn that the school of logical empiricism represented by Rudolf Carnap, Otto Neurath and others, “is a form of subjective idealism, characteristic of degenerating bourgeois philosophy in the epoch of the decline of capitalism.”Now the Soviet usage of this pair of terms appears to fly in the face of our ordinary, non-philosophical understanding of them (that, for example,  Wall Street values are “materialist,” while the Occupy movement is “idealist”). One might have thought that the communists should be flinging the “materialist” label at their capitalist enemies, rather than claiming it for themselves. One might also have thought that the Bolshevik Revolution and the subsequent failed project of building a workers’ utopia was nothing if not idealistic.
  • Consider money. Though it might sometimes be represented by bank notes or coins, money is an immaterial thing par excellence, and to seek to acquire it is to move on the plane of ideas. Of course, money can also be converted into material things, yet it seems simplistic to suppose that we want money only in order to convert it into the material things we really want, since even these material things aren’t just material either: they are symbolically dense artifacts, and they convey to others certain ideas about their owners. This, principally, is why their owners want them, which is to say that materialists (in the everyday sense) are trading in ideas just as much as anyone else.
  • In the end no one really cares about stuff itself. Material acquisitions — even, or perhaps especially, material acquisitions of things like Rolls Royces and Rolexes — are maneuvers within a universe of materially instantiated ideas. This is human reality, and it is within this reality that mystics, scientists, and philosophers alike are constrained to pursue their various ends, no matter what they might take the ultimate nature of the external world to be.
  •  
    A very interesting article on the contrast between materialism and idealism.
Javier E

What to Read: Meditations on a World Divided - NYTimes.com - 0 views

  • What’s different about Murray’s analysis is that his villain — largely implicit in the book, but a central presence nonetheless — is the cultural revolution of the 1970s and the consequent relaxation of traditional social restraints, like the disapproval of child-bearing out of wedlock.
  • What’s missing from Murray’s book, as Paul Krugman pointed out in his column on Friday, is money. There is absolutely a cultural chasm between the 1 percent and the 99 percent (as I argued in The Atlantic last year) — but culture is a symptom and not a cause of the gap. What’s going on is what MIT economist David Autor has dubbed the polarization of the labor market and what Maarten Goos and Alan Manning at the Centre for Economic Performance at the LSE call the division of the world of work into “lousy” and “lovely” jobs.
  • Part of that shift is being driven by the technology revolution, whose latest wave is the rise of the machine-to-machine economy
Duncan H

Money and Morals - NYTimes.com - 1 views

  • Lately inequality has re-entered the national conversation. Occupy Wall Street gave the issue visibility, while the Congressional Budget Office supplied hard data on the widening income gap. And the myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited.
  • some indicators of social dysfunction have improved dramatically even as traditional families continue to lose ground. As far as I can tell, Mr. Murray never mentions either the plunge in teenage pregnancies among all racial groups since 1990 or the 60 percent decline in violent crime since the mid-90s. Could it be that traditional families aren’t as crucial to social cohesion as advertised?
  • To be fair, the new book at the heart of the conservative pushback, Charles Murray’s “Coming Apart: The State of White America, 1960-2010,” does highlight some striking trends. Among white Americans with a high school education or less, marriage rates and male labor force participation are down, while births out of wedlock are up. Clearly, white working-class society has changed in ways that don’t sound good.
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  • Mr. Murray and other conservatives often seem to assume that the decline of the traditional family has terrible implications for society as a whole. This is, of course, a longstanding position. Reading Mr. Murray, I found myself thinking about an earlier diatribe, Gertrude Himmelfarb’s 1996 book, “The De-Moralization of Society: From Victorian Virtues to Modern Values,” which covered much of the same ground, claimed that our society was unraveling and predicted further unraveling as the Victorian virtues continued to erode.
  • But is it really all about morals? No, it’s mainly about money.
  • Still, something is clearly happening to the traditional working-class family. The question is what. And it is, frankly, amazing how quickly and blithely conservatives dismiss the seemingly obvious answer: A drastic reduction in the work opportunities available to less-educated men.
  • For lower-education working men, however, it has been all negative. Adjusted for inflation, entry-level wages of male high school graduates have fallen 23 percent since 1973. Meanwhile, employment benefits have collapsed. In 1980, 65 percent of recent high-school graduates working in the private sector had health benefits, but, by 2009, that was down to 29 percent.
  • So we have become a society in which less-educated men have great difficulty finding jobs with decent wages and good benefits. Yet somehow we’re supposed to be surprised that such men have become less likely to participate in the work force or get married, and conclude that there must have been some mysterious moral collapse caused by snooty liberals.
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    What do you think about the points Krugman makes in response to Murry's article?
Javier E

Welcome, Robot Overlords. Please Don't Fire Us? | Mother Jones - 0 views

  • This is the happy version. It's the one where computers keep getting smarter and smarter, and clever engineers keep building better and better robots. By 2040, computers the size of a softball are as smart as human beings. Smarter, in fact. Plus they're computers: They never get tired, they're never ill-tempered, they never make mistakes, and they have instant access to all of human knowledge.
  • , just as it took us until 2025 to fill up Lake Michigan, the simple exponential curve of Moore's Law suggests it's going to take us until 2025 to build a computer with the processing power of the human brain. And it's going to happen the same way: For the first 70 years, it will seem as if nothing is happening, even though we're doubling our progress every 18 months. Then, in the final 15 years, seemingly out of nowhere, we'll finish the job.
  • And that's exactly where we are. We've moved from computers with a trillionth of the power of a human brain to computers with a billionth of the power. Then a millionth. And now a thousandth. Along the way, computers progressed from ballistics to accounting to word processing to speech recognition, and none of that really seemed like progress toward artificial intelligence. That's because even a thousandth of the power of a human brain is—let's be honest—a bit of a joke.
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  • But there's another reason as well: Every time computers break some new barrier, we decide—or maybe just finally get it through our thick skulls—that we set the bar too low.
  • the best estimates of the human brain suggest that our own processing power is about equivalent to 10 petaflops. ("Peta" comes after giga and tera.) That's a lot of flops, but last year an IBM Blue Gene/Q supercomputer at Lawrence Livermore National Laboratory was clocked at 16.3 petaflops.
  • in Lake Michigan terms, we finally have a few inches of water in the lake bed, and we can see it rising. All those milestones along the way—playing chess, translating web pages, winning at Jeopardy!, driving a car—aren't just stunts. They're precisely the kinds of things you'd expect as we struggle along with platforms that aren't quite powerful enough—yet. True artificial intelligence will very likely be here within a couple of decades. Making it small, cheap, and ubiquitous might take a decade more.
  • In other words, by about 2040 our robot paradise awaits.
Javier E

What Machines Can't Do - NYTimes.com - 0 views

  • certain mental skills will become less valuable because computers will take over. Having a great memory will probably be less valuable. Being able to be a straight-A student will be less valuable — gathering masses of information and regurgitating it back on tests. So will being able to do any mental activity that involves following a set of rules.
  • what human skills will be more valuable?
  • In the news business, some of those skills are already evident.
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  • Technology has rewarded sprinters (people who can recognize and alertly post a message on Twitter about some interesting immediate event) and marathoners (people who can write large conceptual stories), but it has hurt middle-distance runners (people who write 800-word summaries of yesterday’s news conference).
  • Technology has rewarded graphic artists who can visualize data, but it has punished those who can’t turn written reporting into video presentations.
  • More generally, the age of brilliant machines seems to reward a few traits.
  • First, it rewards enthusiasm. The amount of information in front of us is practically infinite; so is that amount of data that can be collected with new tools. The people who seem to do best possess a voracious explanatory drive, an almost obsessive need to follow their curiosity.
  • Second, the era seems to reward people with extended time horizons and strategic discipline.
  • a human can provide an overall sense of direction and a conceptual frame. In a world of online distractions, the person who can maintain a long obedience toward a single goal, and who can filter out what is irrelevant to that goal, will obviously have enormous worth.
  • Third, the age seems to reward procedural architects. The giant Internet celebrities didn’t so much come up with ideas, they came up with systems in which other people could express ideas: Facebook, Twitter, Wikipedia, etc.
  • One of the oddities of collaboration is that tightly knit teams are not the most creative. Loosely bonded teams are, teams without a few domineering presences, teams that allow people to think alone before they share results with the group. So a manager who can organize a decentralized network around a clear question, without letting it dissipate or clump, will have enormous value.
  • Fifth, essentialists will probably be rewarded.
  • creativity can be described as the ability to grasp the essence of one thing, and then the essence of some very different thing, and smash them together to create some entirely new thing.
  • In the 1950s, the bureaucracy was the computer. People were organized into technocratic systems in order to perform routinized information processing.
  • now the computer is the computer. The role of the human is not to be dispassionate, depersonalized or neutral. It is precisely the emotive traits that are rewarded: the voracious lust for understanding, the enthusiasm for work, the ability to grasp the gist, the empathetic sensitivity to what will attract attention and linger in the mind.
  • Unable to compete when it comes to calculation, the best workers will come with heart in hand.
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