“economics”
63 posts under this tag.
Tiempo de lluvias. Estas en tu camioneta, aburrido, esperando que toque verde, cuando un hombre en un overol rojo brillante con el logo de MerkabastosELZR y una clara leyenda de “servicio de cortesia” se acerca: “Buenas tardes, me permitiria limpiarle su parabrisas? Cortesia de Merkabastos.” Asientes sorprendido y el hombre sonrie, planta enfrente de tu camioneta un tripie que no habias percatado y que sostiene un letrero mediano anunciando que esta noche es la venta nocturna de Merkabastos, con papas y nabos a mitad de precio—y procede a limpiar tu parabrisas religiosamente. El vidrio queda impecable, tu apurado procuras unas monedas y se las ofreces al hombre pero este sonrie: “Gracias, pero este servicio es cortesia de Merkabastos. Que pase usted una buena tarde” te responde—y se marcha.
Esto me vino a la mente esta tarde, en el cruce de Periferico y Tutelar cuando un limpiaparabrisas se me echo encima a pesar de mi clara y categorica renuencia. Cuando termino no le di nada, lo ignore de la misma estudiada forma en la que el me ignoro cuando le gesticulaba que no, que no queria que limpiara mi parabrisas, pero despues me senti algo mas mal que de costumbre al darme cuenta que habia hecho un trabajo inusualmente bueno y mi parabrisas eran unos ojos recien llorados. Me molesto que algo que podia ser un servicio agradable decayera en algo a rehuir y al buscar una forma de evitar ese empobrecimiento se me ocurrio esta excentricidad mercadotecnica. Quien sabe, se antoja raro pero interesante. No seria memorable que por una vez en vez de solo robar tu atencion hicieran algo por ti?
In the post-scarcity society of Cory Doctorow’s fun Down and Out in The Magic Kingdom (which you can read for free), money has been replaced by whuffieWP: a reputation-based currency, an ubiquitous measure of how much other people like you. Now, of course, PageRankWP comes immediately to mind, no? (And here’s a good post linking both.) But the main difference till now was that whuffie was instantly viewable by anyone (through brain implants!) and PageRank is just a behind-the-scenes measure (though of course tremendously important).
No more. I installed Firefox Extension Search Status in a flight of fancy but it has become second nature to me to look down and right at the status bar icon where PageRank (and AlexaWP Traffic) is displayed. We are social animals after all.
Blogging for dollars is the pretty good, pretty interesting cover article from this month’s Business 2.0 about how the mainstream blogs (MSB?WP) like Boing Boing, Fark, Metafilter, TechCrunch ELZR, Digg or Dooce are monetizing their traffic. Thorough and filled with lots of $ data, what surprised me the most about it was how obviously promotional it was. It’s basically an extended infomercial on blog-advertising, which doesn’t take away that it makes several good insights on media and how technology is turning us into one-man-bandsELZR, but, still, deliberately mislabeling content is just an euphemism for lying.
Ever since I read Paul Graham’s The Submarine I had been on the lookout for PR campaigns and this is one of the clearest (or should I say most blatant?) examples of it I’ve seen. The client? That’s an easy one, John Battelle’s Federated Media1.
Why do the media keep running stories saying suits are back? Because PR firms tell them to. One of the most surprising things I discovered during my brief business career was the existence of the PR industry, lurking like a huge, quiet submarine beneath the news. Of the stories you read in traditional media that aren’t about politics, crimes, or disasters, more than half probably come from PR firms..
Trend articles.. are almost always the work of PR firms. Once you know how to read them, it’s straightforward to figure out who the client is.
As I mentioned a week ago, I am just starting to feel my way around McKinsey’s Quarterly but it’s been impressive so far. I recently finished reading the three complimentary articles I was granted upon registering (which is free) and they were all remarkable.
OK, pardon the profanity. I had been following the Net “Neutrality” argument from a perplexed distance for some time (as I’ve chronicled about before) but this month’s Scientific American editorial on the subject and its disgusting rhetoric is just too damn much. Perverting George Orwell’s masterpiece on the dangers of imposing equality, Animal FarmWP, so as to defend that very same imposition is off-limits, it’s too low, it’s too devious. It’s repulsive. Yuck.
There are several more gems sprinkled throughout. Here’s another one:
A system for prioritizing data traffic might well be necessary someday, yet one might hope that it would be based on the needs of the transmissions rather than the deal making and caprices of the cable owners.
Of course, forget the silly “caprices” and blind moneylust of the pesky owners of the cable themselves. Who could know better about the cable business and its needs than casual passersby like ourselves?
To respond in kind, I propose a different appropriation of George Orwell, this one from his other anti-totalitarianism classic, 1984WP:
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
NET INTERVENTION IS NET NEUTRALITY
One good thing came out of that editorial though, I found out about Hands Off The Internet, a sane organization against government intervention on the net. Pay them a visit.
William W. Lewis’s The Power of Productivity (PDF and HTML versions available), a summary of his same-titled bookAM, has only grown on me since I read it a month ago. It’s main thesis, that wealth hinges on productivity, has come to resonate inside me like few things have of late.
It was, for instance, what lead me to finally accept the possibilities of technology and, shortly thereafter, to naively proclaim I’d one day have a massively profitable company with less people than my then-age. The whimsical limit, I believe, will force such a company to be always awake, always flexible, always smart, always doing technological judo. It would force it to value people in a way we’ve barely explored at all.
Yesterday’s postELZR on a recent essay by Thomas L. Friedman made me remember just how good the man is and how much I enjoyed his latest book, The World is Flat. Today I chanced upon this MIT lecture1 in which he discusses the book at length and it may be even even better than the book itself. Friedman’s a master storyteller and shines in front of a live audience. The video quality is pixel-art at best but no matter, I promise you this hour and a half will be one of your day’s highlights (and when you watch it, don’t miss the answer to the final question posed to him: “How can an open society be secure?”).
Friedman himself’s a very interesting man—Mediterranean studies BrandeisWP B.A., married to one of the hundred richest families in America, won every journalistic accolade there is—don’t forget to check out his pedia and this U.S. News & World Report writeup on him (listing Friedman as one of America’s best leaders).
1 While you’re at it, give the MIT Video Index a good browse, there’s good stuff aplenty.
Muhammad Waqar, Avi Wolfman-Arent, Yiran Xia, Victoria Sandoval, Jacqueline Orellana-Flores, Elizabeth Packer, Ramona Singh, Anuja Shah, Mayra Ramos, Emily-Kate Hannapel, Natasha Perez, Samir Paul, Ekta Taneja, Linden Vongsathorn, Michael Tsai, Nardos Teklebrahan, Matiwos Wondwosen…
I went to [my daughter Natalie’s] high school graduation Monday and a United Nations meeting broke out..
..If there is one reason to still be optimistic about America it is represented by the stunning diversity of the Montgomery Blair class of 2006. America is still the world’s greatest human magnet. We are not the only country that embraces diversity, but there is something about our free society and free market that still attracts people like no other. Our greatest asset is our ability to still cream off not only the first-round intellectual draft choices from around the world but the low-skilled-high-aspiring ones as well, and that is the main reason that I am not yet ready to cede the 21st century to China. Our Chinese will still beat their Chinese.
This influx of brainy and brawny immigrants is our oil well—one that never runs dry. It is an endless source of renewable human energy and creativity. Congress ought to stop debating gay marriage and finally give us a framework to maintain a free flow of legal immigration..
It is hard to watch a graduation like this and not think about our enemies in Iraq and Afghanistan—the Taliban, Islamo-totalitarians like bin Laden and Zarqawi, and the retrograde regimes that support them. Their whole mind-set is about how to purify their world from “the other,” from diversity, from “infidels.” With enough brutality, they may win in Iraq. I still hope not.
But they will never win the future—because as soon as their oil wells run dry, their societies will be as barren, bland and unproductive as their deserts.
Our oil wells, by contrast, will still be pumping. They’re right there, hiding in plain sight, in the Blair commencement book:
Yueyang Li, Kenia Lopez-Reyes, Lucy Fromyer, Raya Steinberg, Zahra Gordon, Sreva Ghosh, Juan-Jesus Louis, Yendil Furcal, Yenusa Eke, Sofonias Frezghi, Yohanes Dejen, Edra Comegys-Brisbane, Yoel Castillio-Ortiz, Elijah Zuares, Placido Zelaya, Mimi Zou. And Jessica Smith.
I love Friedman. This is one of his best pieces ever.
I can’t believe I forgot to put a link to this feature when I read it three months ago. Anyway, Fortune’s How I Work is a gallery of in-depth looks at how 13 leaders (mostly executives) work through their day. Well worth the read.
It is trapped inside some hideous, caging frameset, so here are some links (and pictures!) straight to the content.
The above is a map of world happiness—the redder, the happier—Adrian White, Analytic Social Psychologist, University of Leicester, made in a meta-study that aggregated the results of over a 100 independent studies and surveys on subjective wellbeing from around the world. The study itself isn’t yet available, but there’s an intereresting (though hideous) press release were you can quote your country’s rank (the US is #23, Denmark #1, Switzerland #2, Austria #3 (cheers to Alexis!), and Mexico #51).
As I said, the source itself isn’t yet available, but Eurekalert—a science news service of sorts—provides some quotes on White’s meta-study.
My favorite one—because it confirms my individualistic prejudices of course:
We were surprised to see countries in Asia scoring so low, with China 82nd, Japan 90th and India 125th. These are countries that are thought as having a strong sense of collective identity which other researchers have associated with well-being.
It was also interesting to find out that health was the most closely correlated variable to happiness (I would have expected wealth to have that place):
Further analysis showed that a nation’s level of happiness was most closely associated with health levels (correlation of .62), followed by wealth (.52), and then provision of education (.51).
But there are several quotes that hint at the study’s agenda—and it sends a chill through my spine:
There is increasing political interest in using measures of happiness as a national indicator in conjunction with measures of wealth. A recent BBC survey found that 81% of the population think the Government should focus on making us happier rather than wealthier.
If government has proved itself so egregiously lousy and so disturbingly meddling when it started working under the banner of improving our welfare through last century, I can only shudder when imagining what a brand new world awaits us when it pursues “our” happiness.
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