Kodak, Instagram, and Automation

Here’s a current example of the challenge we face... At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people. Where did all those jobs disappear? And what happened to the wealth that all those middle-cl...

 No Such Thing as "Universal Culture"

As the pop pundits keep reminding us, we are becoming a global culture. We share the same TV shows and movies, drink the same Coca-Cola, and shoot the same Kodak film. But this "global culture" is highly superficial—^it is only the gloss of popular culture, apparent only in what people over the world would like to buy. I am guessing that those boasting of an electronic superhighway where "anybody" can be connected to "anybody" have not traveled much in the third world; they are blinded by t...