The Collector's Fallacy

There’s a tendency in all of us to gather useful stuff and feel good about it. To collect is a reward in itself. As knowledge workers, we’re inclined to look for the next groundbreaking thought, for intellectual stimulation: we pile up promising books and articles, and we store half the internet as bookmarks, just so we get the feeling of being on the cutting edge. Let’s call this “The Collector’s Fallacy”. Why fallacy? Because ‘to know about something’ isn’t the same as �...

 China to Rate Online Behaviour in Social Credit System

Chinese internet firms are definitely interested, as Ant Financial, a subsidiary of ecommercegiant Alibaba, recently showed. To its popular app Alipay it added a new service which rated a person's credit worthiness on a scale of 350 to 950 points. This score is not only determined by one's lending behavior, but also by hobbies and friends. If friends have a poor lending reputation, this reflects badly on the person, just as prolonged playing of video games. Buying diapers indicates responsibi...

 We All Experiment

Experimentation is something done by everyone all the time. Babies experiment with what might be good to put in their mouths. Toddlers experiment with various behaviors to see what they can get away with. Teenagers experiment with sex, drugs, and rock and roll. But because people don’t really see these things as experiments or as ways of collecting evidence in support or refutation of hypotheses, they don’t learn to think about experimentation as something they do constantly and thus need...

 Society Needs People Who Are Concerned With Ideas, Not Th...

Humanity certainly needs practical men, who get the most out of their work, and, without forgetting the general good, safeguard their own interests. But humanity also needs dreamers, for whom the disinterested development of an enterprise is so captivating that it becomes impossible for them to devote their care to their own material profit. Without the slightest doubt, these dreamers do not deserve wealth, because they do not desire it. Even so, a well-organised society should assure to such...

 The Consumer is Not King

Marketers glibly say that the consumer is king, but in practice he's not. In the real world, experienced marketing and consumer-affairs hands will tell you, consumers aren't very good at protecting their own interests. They're too busy consuming, or working, or just living regular lives. The groups that claim to protect their interests often end up with their own agendas, which may have more to do with Washington power battles and fund-raising than with genuine consumer interests.