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-clas...

 The Idiotic Design of the Eye

Hermann von Helmholtz, the great nineteenthcentury German scientist (you could call him a physicist, but his contributions to biology and psychology were greater), said, of the eye: 'If an optician wanted to sell me an instrument which had all these defects, I should think myself quite justified in blaming his carelessness in the strongest terms, and giving him back his instrument.' One reason why the eye seems better than Helmholtz, the physicist, judged it to be is that the brain does an am...