11 FEB 2026 by ideonexus
Nobody Knows How the Whole Thing Works
A few years ago, I attended a national conference on technological literacy… One of the main speakers, a sociologist, presented data he had gathered in the form of responses to a questionnaire. After a detailed statistical analysis, he had concluded that we are a nation of technological illiterates. As an example, he noted how few of us (less than 20 percent) know how our telephone works.
This statement brought me up short. I found my mind drifting and filling with anxiety. Did I know how ...Folksonomies: complexity knowledge
Folksonomies: complexity knowledge
26 AUG 2024 by ideonexus
Quantifying the Rate of Change
We live in an era that involves an extraordinary amount of change. To see this, consider the rate of global economic growth, which in recent decades averaged around 3 percent per year.51 This is historically unprecedented. For the first 290,000 years of humanity’s existence, global growth was close to 0 percent per year; in the agricultural era that increased to around 0.1 percent, and it accelerated from there after the Industrial Revolution. It’s only in the last hundred years that the ...28 FEB 2021 by ideonexus
Why Automation Didn't Result in Increased Leisure in the ...
Back then, many theorists believed that a progressive reduction of work time was the inevitable byproduct of mechanization and increased efficiency. Even John M. Keynes, noted father of modern mass-consumption economics, argued in 1931 that, within two generations, industry would satisfy the real needs of humanity and lead to “three-hour shifts or a 'fifteen-hour week.” This reduction in work time, said Keynes, would allow us to “devote our further energies to non-economic purposes.” ...Folksonomies: automation leisure
Folksonomies: automation leisure
25 OCT 2017 by ideonexus
When Information is Cheap, Attention Becomes Expensive
Negative reviews are fun to write and fun to read, but the world doesn’t need them, since the average work of literary fiction is, in Laura Miller’s words, “invisible to the average reader.” It appears and vanishes from the scene largely unnoticed and unremarked. “Even the novelists you may think of as ‘hyped’ are in fact relatively obscure,” writes Miller. “I’ve got a battalion of perfectly intelligent cousins who have never heard of either Jonathan Franzen or Dave Eggers...30 DEC 2016 by ideonexus
Naysmiths
Magnus broods in his black tower, peering into the depths of the Great Ocean for validation, a sign that he was right to act as he did.
He will find nothing, for there is nothing to find.
His actions were never his own, for he forgot the first rule of the mysteries.
He let his ambition and hubris blind him to his flaws and the knowledge that there is always someone stronger and more powerful out there.
I will not make that mistake.
But we are still creatures of flesh and inclined to repe...Folksonomies: disputation contrarian
Folksonomies: disputation contrarian
29 NOV 2016 by ideonexus
God is Change
God is Power—Infinite,Irresistible,Inexorable,Indifferent.
All that you touchYou Change.All that you ChangeChanges you.The only lasting truthIs Change.GodIs Change.
As wind,As water,As fire,As life,GodIs both creative and destructive,Demanding and yielding,Scultpor and clay.God is Infinite Potential:God is Change.
God is Change.Beware:God exists to shapeAnd to be shaped.
∞ = Δ29 APR 2015 by ideonexus
Time is the Most Precious Commodity
Your Earth is a very small part of a very large industry. ... In your world, people are used to fighting for resources, like oil, minerals, or land. When you have access to the vastness of space, you realize that there's only one resource worth fighting over--even killing for--more time. Time is the singlemost precious commodity in the Universe.24 JAN 2015 by ideonexus
The Unspecialized Will Inherit the Earth
Why is it that our whole economic and political system has tended recently to become so sluggish and inflexible? Why have we become resigned to the idea that nothing substantial can ever be done in less than ten years? Obviously there are many reasons. But I believe the principal reason for this sluggishness is that our whole society has fallen into the same trap as our nuclear industry. Not only in the nuclear industry but in many other industries and public institutions, we have pursued eco...Folksonomies: economics adaptation
Folksonomies: economics adaptation
19 DEC 2014 by ideonexus
How the Finance Industry Hurts the Economy
In perhaps the starkest illustration, economists from Harvard University and the University of Chicago wrote in a recent paper that every dollar a worker earns in a research field spills over to make the economy $5 better off. Every dollar a similar worker earns in finance comes with a drain, making the economy 60 cents worse off.
[...]
...the growth of complex financial products has served primarily to boost income for the firms themselves, Philippon said. A new paper from researchers in t...01 SEP 2014 by ideonexus




