| Fake quotes from a feverishly capitalistic mind | 2 0 0 7 |
Jan 19 |
Economics
74 posts under this tag.| Rand & Feynman | 2 0 0 7 |
Jan 17 |
Ayn Rand’sWP, ELZR Atlas ShruggedAM is on the wishlist. I’ve read a sketch of the plot and as soon as I get my hands on it, it’ll be the first book I read. It was a tortuous decision though. I tend to anguish over negative criticism and she’s a woman with her fair share of it. People talk jadedly about “growing out of Rand’s idealism.” They compare her with Herman Hesse, good for rebel-without-a-cause teenagers but pity the adult that still believes them. And so on.
The thing is her radical capitalism and love for America are exactly where I am at.
| Postrel interviews Dyson (10 years ago, but still) | 2 0 0 6 |
Dec 09 |
Techguru Esther DysonWP, EDGE (who, I just learned, is Freeman DysonWP’s daughter) on freedom under communist Russia (and why it was, bizarrely, like bestiality), online smut, intellectual property (long live intellectual process!), failure, and changing the world in a 1996 interview with Virginia Postrel for Reason mag.
| Global Wealth Distribution | 2 0 0 6 |
Dec 08 |
An impressive graph, both in execution and content, to be taken with one big grain of salt (read article for important considerations on the methodology and the difficulty of defining wealth):
Wealth is shared much less equitably than income: more than half of it is held by just 2% of the world’s adults. The distribution is equivalent to a world of ten people, in which one had $1,000 and the other nine had $1 each.
| Inventors | 2 0 0 6 |
Dec 06 |
This is, I think, a pretty good glimpse of one of the roles I want to play the next decade—don’t give up on me! :)
Something else is going on here. To a large extent, value on the Internet is not being created by businesses, as much as they want all kinds of credit and money for creating this wonderful value. Inventors, folks who are coming up with new tools, are creating it. Some of them are well harnessed by businesses, but it turns out that businesses don’t have to exist for them to harness themselves with the Net and get these things out there. For example, the person who created Eudora is a University of Illinois fellow who did it basically for himself and people he knew. In terms of quality, Eudora is visibly beyond any other email program. It makes you wonder what’s wrong with companies, what prevents them from doing the right thing when a random person puts his exquisite tool out on the Net for free. This happened with Eudora, and later with Mosaic, which led to a commercial version, Netscape Navigator.
The inventors of these tools are not crazed codgers in basements. They are, by-and-large, young people with a sense of social and cultural responsibility who want things to be better for everybody. They are as valuable as our snazziest scientists, but are not accorded the respect or rewards of the snazzy scientists. They are taken for granted more than they should be. Something is wrong if we think inventors are a lower order of being than theoretical scientists.
| The Friedmans | 2 0 0 6 |
Nov 24 |
Milton Friedman WP, E died 9 days ago, November 16, and though I wanted to write about it that day, I dared not. I had mostly read only about him, his life, his reputation, and reverberations of his arguments; I had bought but not yet read two of his booksELZR; treasured a sentence (“The free market is the only mechanism that has ever been discovered for achieving participatory democracy.”) found in the only thing I had read from him (the prologue to Hayek’s Road to SerfdomAM ); and deeply admired his son, David FriedmanELZR. In other words, I could only lay claim to love the idea of the idea of the man (2nd degree platonic love, common personal affliction). I knew I’d fall in love with him, I only needed time, and so I didn’t dare write an obituary that Thursday—but I’m gonna.
I’ve downloaded Friedman’s Free to Choose series (also available as a free stream) to watch as I read the sametitled bookAM and the first episode has already confirmed Friedman as a most worthwhile man. Far as I can gather from a sample of 1, the series consists of a brief, excellent documentary narrated by Friedman, followed by lively debate with a group of economists, politicians, and businessmen. As much as I’m lately having serious misgivings about arguing in general, it’s a pleasure to watch him passionately refute and belie his often downright frightening partners in debate (“It’s demagoguery, if you’ll pardon me, Michael Harrington…”).
Seeing those suited men from the seventies I couldn’t help but think of what future debates on the subject will be like. One of the intriguing things about Milton Friedman is how his ideas have been carried on by his children. Himself the greatest XXth century defender of capitalism, he still didn’t dare (?) take the leap to anarchism (he couldn’t have put it more bluntly at the debate from Free To Choose’s first episode: “I am not an anarchist. I am not in favor of eliminating government. I believe we need a government.”). His son, David Friedman ELZR, is on the other hand the most prominent anarchocapitalist alive, and David Friedman’s son, Googler Patri Friedman, wants to homestead the oceans in turn.
One can only wonder what little Tovar Miles Friedman will come up with.
| Oodles of people and bytes | 2 0 0 6 |
Oct 31 |
I’m sure I’ve seen the stats before, several times, but still I was disconcerted when I read this paragraph:
As of mid-1981, according to Steve Bloom, author of Video Invaders, more than four billion quarters had been dropped into Space InvadersWP games around the world—that’s roughly “one game per earthling.”
Four billion quarters seemed a wild guess, but four billion people? In 1981? Surely there was something wrong with the reference. But there wasn’t. According to the U.S. Census Bureau, that was the approximate number of people only 25 years ago.
More alarming still, my dad was born in 1957. World population was around 3 billion then. We’re 6.5 billion now and counting. That is, my parents’ lifetime has seen the world population double—3.5 billion new souls.
I had surely seen a similar graph several times before but somehow it never got through my thick skull. I was overjoyed to realize just to what extent the world had changed in less than 50 years. Frankly, I believe I’ve found the proof I’d been looking for that the world is getting better. Isn’t it unambiguously a good thing that 3.5 billion people have been able to be born? Yes, many will live in what are to us abysmal conditions. But there is no worst quality of life than not being able to live in the first place. Death is always an option, life is not. Most of this growth comes from the poorest classes of the poorest countries but that’s also heartening in a way. There was never before reason to counteract the “ignorance” that made them try to have as many children as they physically could—it wasn’t ignorance at the time, it was bet-splitting. Most of them died anyway.
Never have so many children had the luxury of extreme poverty, to put it bluntly.
The other number shock today was from a talk by Google’s Marissa Mayer, platonic love and Google’s VP of search products and user experience:
[Starting around minute 3.25:] Most people are familiar with the concept that computers get faster all the time, they get about twice as fast every two years. It’s a law inside of computer science. But it turns out the same thing is happening with hard drives. So, around every thirteen months you can store as much information in the same amount of space on a hard drive, because the technology has advanced. Which means that every ten years you can store a thousand times as much information. So I thought I would again try and give you a sense of, in everyday form, how much content that is or how much this could change things. What this means is that if you consider a typical iPod, which today can hold tens of thousands of songs, [it] means that something the size of an iPod could actually, in the year 2012, carry an entire year of video on it, playing nonstop without repeats. By 2015 it could have all commercial music ever produced. Imagine buying an iPod where all the music is already loaded on it and you just decide what you want to access. By 2019 it could carry an entire lifetime of video in the palm of your hand, 85 years worth of video will be able to fit in an iPod. And by somewhere in the years 2020 you’ll be able to have every content ever created, sitting in the palm of your hand. Hhmmm…huuumm. Hhmmm…huuumm.
Again, I’ve played with such numbers before. It’s just they had never hit me so hard.
| Nintendo | 2 0 0 6 |
Oct 26 |
As a lapsed gamer myself, Nintendo’s new strategy—simplicity, in several senses—makes a lot of sense and strikes me as a major step in the evolution of our tech gizmos. Since a 1995 Gameboy, the DSWP is the last handheld console that I remember caring for (and that’s mostly for that intriguing Brain AgeWP game).
| Options | 2 0 0 6 |
Oct 20 |
You could think of money as a bundle of alternatives, options—and you wouldn’t be wrong. (With these five bucks I could buy this week’s Economist, or get an Oreo Blizzard, or go watch El Laberinto del Fauno, or give something to eat to a street kid, or gift Surely You’re Joking, Mr. Feynman!AM to Sergio, or save for my old age, or pay one more month of the gym, or pay someone to do my dry-cleaning and lie on the grass instead.)
You could think of life as a bundle of options—and you wouldn’t be wrong. (With these one more hour of life, I could read part III of David Friedman’s The Machinery of FreedomAM, or talk to Chemito in Monterrey, or to Sergio in Ciudad Juarez, or write that email for Adolfo, or go to the gym, or flirt with that girl, or masturbate, or work at Domburi, or write my next post, or think through why I believe the government is only legitimized force, or go lie on the grass instead.)
Thus, you could think of money as life—and you wouldn’t be wrong.
Options are our universally valued currency.
Now, of course money isn’t always life. There are some options that we think of as life that may be impossible to get in exchange for money. (I may spend all my money trying to revive my grandmother and, in all likelihood, never be able to do it.) And there are some options that we think of as economical that may be impossible to get in exchange for life. (I may spend my life trying to buy a space station and, in all likelihood, never be able to afford it.)
But there’s still undoubtedly a huge overlap between them that most people are uncomfortable to acknowledge—the most they’re usually willing to concede is the common wisdom that «you need some minimal amount of money to live», which translated yields the tautological «you need some minimal amount of options to have options». The difficulty, seems to me, is that by life we mean both «options» and «taking options». What is the point of always striving for money (options) if you’re not going to live with it (take them!)? Under this light, common wisdom translates to «to be able to take options you need to have a minimal amount of options.» Which is still fairly obvious, but far more wisdomous.




