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Category: economics

The dirty secret of capitalism

The dirty secret of capitalism

And the way forward. Granted it’s not full-blown collaborative commons but more like a healthy social democracy of the kind Sanders promotes and Scandinavia has. But I think it’s a necessary stepping stone on that road. The blurb: “Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that ‘greed is good’ — an idea he describes as not only morally corrosive,…

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Bezos projects capitalism into space

Bezos projects capitalism into space

Yes, space exploration is critical but we need to do it for the right reasons. And Bezos and other futurists want it without awareness or regard for the socio-economic system that has created hell on earth. So dump the earth and take our destruction into space? How about we change our worldview and socio-economic system and do it for the right reasons? And invest most of our time, energy and money into saving this world? “The saying ‘it’s easier to…

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Book: Range: Why Generalists Triumph in a Specialized World

Book: Range: Why Generalists Triumph in a Specialized World

In his new book, Range: Why Generalists Triumph in a Specialized World, David J. Epstein investigates the significant advantages of generalized cognitive skills for success in a complex world. We’ve heard and read many praises for narrow expertise in both humans and AIs (Watson, Alpha Go, etc.). In both humans and AIs, however, narrow+deep expertise does not translate to adaptiveness when reality presents novel challenges, as it does constantly.  As you ingest this highly readable, non-technical book, please add your…

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Book: Team Human by Douglas Rushkoff

Book: Team Human by Douglas Rushkoff

Team Human by Douglas Rushkoff investigates the impacts of current and emerging technologies and digital culture on individuals and groups and seeks ways to evade or extract ourselves from their corrosive effects. After you read the book, please post your thoughts as comments to this post or, if you prefer, as new posts. There are interviews and other resources about the book online. Feel free to recommend in the comments those you find meaningful. Also, the audiobook is available through…

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Running on escalators

Running on escalators

Ideally, automation would yield a Star Trek reality of increasing leisure and quality of choice and experience. Why isn’t this our experience? An article on Medium offers insight into why this is not occurring on any significant scale. Evolved behavioral strategies explained by the prisoner’s dilemma damn the majority of humans to a constant doubling down. We exchange the ‘leisure dividend’ (free time) granted by automation for opportunities to outcompete others. Apparently, the sort of reciprocal social learning that could…

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Applying artificial intelligence for social good

Applying artificial intelligence for social good

This McKinsey article is an excellent overview of this more extensive article (3 MB PDF) enumerating the ways in which varieties of deep learning can improve existence. Worth a look. The articles cover the following: Mapping AI use cases to domains of social good AI capabilities that can be used for social good Overcoming bottlenecks, especially around data and talent Risks to be managed Scaling up the use of AI for social good

The death of the invisible hand (job)

The death of the invisible hand (job)

Speaking of metaphors, article by David Sloan Wilson. Some excerpts: “[Adam] Smith was critical of Mandeville and presented a more nuanced view of human nature in his Theory of Moral Sentiments (1759), but modern economic and political discourse is not about nuance. Rational choice theory takes the invisible hand metaphor literally by trying to explain the length and breadth of human behavior on the basis of individual utility maximization, which is fancy talk for the narrow pursuit of self-interest.” “The…

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The evolutionary and present significance of reading

The evolutionary and present significance of reading

In her new book, Reader Come Home: The Reading Brain in a Digital World, author Maryanne Wolf explores how reading affects the brain and mind. What different effects result from consuming digital media rather than print media and long forms rather than tweets, posts, and other microcontent? In her excellent recent article, she says, Will new readers develop the more time-demanding cognitive processes nurtured by print-based mediums as they absorb and acquire new cognitive capacities emphasized by digital media? For example, will…

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Darwin’s business

Darwin’s business

The link has videos of all the presentations. The blurb: “NYU Stern’s Business & Society Program and the Evolution Institute co-hosted a one-day symposium ‘Darwin’s Business: New Evolutionary Thinking About Cooperation, Groups, Firms, Societies’ featuring an international roster of experts on evolution, economics, and human nature. Participants and audience members assessed the possible applications of evolutionary thinking for business and business ethics.”