Tag Archives | Economics
Virginia Postrel Via Bloomberg View:
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Wielding subpoenas demanding information on anonymous commenters, the government is harassing a respected journalism site that dissents from its policies. The U.S. Attorney’s Office for the Southern District of New York claims these comments could constitute violent threats, even though they’re clearly hyperbolic political rhetoric.
This is happening in America — weirdly, to a site I founded, and one whose commenters often earned my public contempt.
Los Angeles legal blogger Ken White has obtained a grand jury subpoena issued to Reason.com, the online home of the libertarian magazine I edited throughout the 1990s. The subpoena seeks information about commenters who posted in response to an article by the site’s editor Nick Gillespie about the letter that Silk Road founder Ross Ulbricht wrote to Judge Katherine B. Forrest before she sentenced him to life in prison without parole. Ulbricht was convicted of seven felony charges, included conspiracies to traffic in narcotics and launder money, and faced a minimum sentence of 20 years in prison.
Coby McDonald Via California Magazine:
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Good vs. bad. Right vs. wrong. Human beings begin to learn the difference before we learn to speak—and thankfully so. We owe much of our success as a species to our capacity for moral reasoning. It’s the glue that holds human social groups together, the key to our fraught but effective ability to cooperate. We are (most believe) the lone moral agents on planet Earth—but this may not last. The day may come soon when we are forced to share this status with a new kind of being, one whose intelligence is of our own design.
Robots are coming, that much is sure. They are coming to our streets as self-driving cars, to our military as automated drones, to our homes as elder-care robots—and that’s just to name a few on the horizon (Ten million households already enjoy cleaner floors thanks to a relatively dumb little robot called the Roomba).
I slept in.
I’m just now shuffling up all zombie-like to the bullet-proof glass window to slide my five “tip” thru the metal tray to Sammy in exchange for 137’s key and medallion. I’m still feeling the generic brand nighttime cough syrup that I’ve been abusing to put myself down at my prescribed 8pm bedtime. My head is fuzzy still.
I passed 137, my regular Prius, en route to the window and noted that her windows are all down. Bad omen. Are we talking vomit?
I’m done with the window and cordial niceties with Sammy, the new-ish office worker that Citizen’s Cab poached from Arrow. Sammy and I have finally gotten a groove on it seems. But he’s a little out of it this morning, complaining about some serious bruising due to a boating accident over unspecified body parts that he promises I do not want to see.
Via Real Leaders:
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In this exclusive interview with Real Leaders, Nobel Peace Prize Laureate and social rights activist Archbishop Emeritus Desmond Tutu says he is not threatened by the beliefs of others. He believes the world should become more aware of our shared humanity to avoid future conflicts.
You represent a very specific world view, Christianity, yet have managed to mediate between opposing belief systems and make people aware of their common humanity. How have you managed this?
It doesn’t matter where we worship or what we call God; there is only one, inter-dependent human family. We are born for goodness, to love – free of prejudice. All of us, without exception. There is greater commonality in our belief systems than we tend to credit, a golden thread expressed in the maxim that one should treat others as one would like others to treat oneself.
Continue Reading at The Wireless.
Isn’t the financial industry supposed to grease the wheels of commerce, rather than apply a severe brake on economic growth? It ain’t happening in the US, where Forbes says Wall Street is hogging so much for itself that it’s slashed growth by half of what it should be:
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“Wall Street is back,” says the New York Times, and the economic cost is high. The excessive financialization of the US economy reduces GDP growth by 2% every year, according to a new study by International Monetary Fund. That’s a massive drag on the economy–some $320 billion per year. Wall Street has thus become, not just a moral problem with rampant illegality and outlandish compensation of executives and traders: Wall Street is a macro-economic problem of the first order.
The Financial Tail Wags The Economic Dog
How has this happened? Properly scaled, the financial sector is a good thing.
There is plenty of regret to go around about the wholescale waste of the immense virgin forests in pre-20th century America. These forests represented a cheap, high-quality building material to early Americans and a profitable export that only required rudimentary tools and a healthy portion of elbow grease to attain. Unfortunately, the citizens of 19th century America (a few of whom became very rich) did not exhibit the conscientiousness nor collective restraint to prevent from despoiling the vast majority of these invaluable and dignified forests. It simply did not occur to them (until Teddy Roosevelt spearheaded the conservation movement and hippies formed the environmental movement) that this timber resource is exhaustible, and once exhausted practically irreplaceable.
For example, during the early history of my home state of Michigan, it is said that a squirrel could traverse from Lake Huron to Lake Michigan without ever touching the ground. Yet it took an incredibly small amount of time (mostly 1870-1890) for men with hand-drawn felling saws to systematically evacuate every virgin tree on the entire peninsula.… Read the rest
Zoltan Istvan via IEET:
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The rapidly growing field of transhumanism—an international social movement whose highest immediate priority is overcoming human death via science and technology—is facing a colossal challenge. About 85 percent of the world’s population believes in life after death, and much of that population is perfectly okay with dying because it gives them an afterlife with their perceived deity or deities—something transhumanists often refer to as “deathist” culture.
In fact, four billion people on Earth—mostly Muslims and Christians—see the overcoming of death through science as potentially blasphemous, a sin involving humans striving to be godlike. Some holy texts say blasphemy is unforgivable and will end in eternal punishment.
So what are transhumanists to do in a world where science and technology are quickly improving and will almost certainly overcome human mortality in the next 30 years? Will there be a great civil rights debate and clash around the world?
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Most of us watched as automation displaced factory workers and other laborers; but now many “skilled” workers are getting anxious as the robot overlords come for us.
When automated factories started erasing jobs at manufacturing companies, most of us shrugged: Great, better products cheaper, was the general line of thinking
But as automation keeps creeping up the stack, taking over more of what most would call “skilled” positions, well that’s getting some folks—who consider themselves skilled professionals—nervous.
Take airplane pilots for example. That’s now a dead-end job according to Mary “Missy” Cummings, director of the Humans and Autonomy Lab (HAL) at Duke University (and a former Naval fighter pilot.) She said that “in all honesty” she could not recommend that anyone become a commercial airline pilot going forward, given the current state of the art.
“Commercial pilots today touch the stick for three to seven minutes per flight—and that’s on a tough day,” she told an audience at the MIT CIO Symposium on Wednesday.