Sunday, November 01, 2015

Individuals Getting Paid

Wanted -- No, Needed: Digital Philosophers
"We have stronger opinions about our hand-held devices than about the moral framework we should use to guide our decisions.” As a result, we are in serious danger of having these philosophies influence our future in ways we neither intend nor desire. ......... “Advertising is a natural resource extraction industry, like a fishery. Its business is the harvest and sale of human attention. We are the fish and we are not consulted.” ...... “The reason advertising is artificially cheap is that no one has to ask our permission to advertise at us. We are involved in the transaction only as the commodity that is being bought and sold… Our right to preserve our own attention and to make our own decisions about how we spend it and with whom our personal information is shared must become part of the political agenda.” ....... One commercial at a time leaves me in control: I can change channel, look the other way, mute, close my eyes for 30 seconds. But thousands of ads, following me around on my computer, on my tablet, on my phone, in the movies, in the toilet, overwhelm me. ..... “Is advertising morally justifiable?” Thanks to the exponential growth of digital technologies, we face, or should be facing, similar philosophical questions across a whole range of activity. Is data collection morally justifiable? Does privacy have inherent value? How do we measure security?


Companies like Google should pay local, state and national governments across the world in jurisdictions where they make money. It might only be an aggregate 10% of what they make, but they should pay. Companies like Google should also pay individuals. The money should show up in your Gmail account. Data is not free. Big Data definitely is not free. It might only be 30 bucks a month, but that is a living in many countries. Heck, that is the mobile phone bill in the richest. Google's data plan is cheaper. Small internet startups should be free from this. A tech company should have to achieve a certain scale before they are asked to pay. That would work like an incentive. More paying companies would get created in the process.

Three billion people might opt to pay for their internet access this way. They might say, Google, create a section in your Chrome browser where you show me targeted ads, and let me have my internet access. For "free."

If we can create this pay structure, the impending era of abundance brought forth by huge rises in productivity might give us a billion artists who basically are jobless, who do nothing but surf the web, and who create content, who create art. Or not. They simply enrichen the internet by being there, by surfing. The internet is lifeless without people. They can always choose to get a job, or even build a company. But they are not starving in the meantime.


GOP plans for 'era of abundance' in energy
“Today’s energy policies are lagging far behind and are better suited for the gas lines in the 1970s than this new era of abundance”
JAVIER CREUS: “WE ARE ENTERING AN ERA OF ABUNDANCE!”
My co-authors and I found over 300 examples from all over the world of citizens organizing themselves to serve their own needs, which was so inspiring! This experience was what sparked my interest for the open knowledge, p2p production and collaborative economy movements........ Collaborative practices have grown massively and become mainstream in many areas such as for programmers on Github or for the European youth on ridesharing platforms. The collaborative / sharing economy has become widely known as a concept thanks to the interest of the media and the visibility of its communities. In some industries, such as lodging or city transportation, the impact on incumbent businesses has provoked many reactions and forced public administrations to rethink how to regulate these new businesses to benefit the public good. At the same time, some advanced businesses have started experimenting and getting in touch with the collaborative economy themselves. ....... basic concepts like mine & yours, customer & producer, partner & competitor, value & revenue, trust & responsibility may change dramatically when you integrate collaborative production systems. My impression is that most businesses see the efficiency generated by sharing resources, but have a hard time adapting to a new mental framework. ...... I’ve been researching the growth patterns of 50 digital powered organizations (from Wikipedia, to Spotify or AirBnb) that have grown at least 50% per year (in users, revenue and impact) since 2008. As I had predicted, platforms that have taken advantage of the socio-technological landscape as well as distributed or common resources and have integrated these new agents into their system or empowered their customers to find new roles, have grown faster than centralized service organizations. ........ Collaborative economy and open source projects have been financed by crowdfunding and P2P up to a point, but for the time being it is difficult to think of alternatives to VC in specific stages of growth. On the other hand, professional investors gain a profound insight into the businesses they invest in and can see when a long term view serves it better. Crowdfinancing, project currencies or open value chains are still experimental but promising. ........

we are going to see major changes in the next fifteen years towards a more fair and open society. Technology will make us more connected and thus aware of interdependence, ecology will make us energetically as autonomous as we can, economy will embrace the benefits of contributing to commons, and transparency will bring us trust in institutions.

...... I usually define a community as a group of people who share a common resource. Till the invention of the world wide web, communities where mostly confined to local environments as trust had to be generated face to face. The distributed structure of the Internet has allowed this traditional form of organization to scale directly to a global dimension. We are seeing new commons arising in all domains, and effectively already are in the age of communities! .......

We are entering an era of abundance, absolute abundance of knowledge and relative abundance of material goods.

We need a new version of capitalism for the jobless future
Andreessen steadfastly believes that the same exponential curve that is enabling creation of an era of abundance will create new jobs faster and more broadly than before, and calls my assertions that we are heading into a jobless future a luddite fallacy. ........ it’s a matter of public policy and preparedness. With the technology advances that are presently on the horizon, not only low-skilled jobs are at risk; so are the jobs of knowledge workers. ...... The jobs that will be created will require very specialized skills and higher levels of education — which most people don’t have. ..... millions will face permanent unemployment. I worry that if we keep brushing this issue under the rug, social upheaval will result. ......

Within 10 years, we will see Uber laying off most of its drivers as it switches to self-driving cars; manufacturers will start replacing workers with robots; fast-food restaurants will install fully automated food-preparation systems; artificial intelligence–based systems will start doing the jobs of most office workers in accounting, finance and administration. The same will go for professionals such as paralegals, pharmacists, and customer-support representatives. All of this will occur simultaneously, and the pace will accelerate in the late 2020s.

....... With less need for human labor and judgment, labor will be devalued relative to capital and even more so relative to ideas and machine learning technology. In an era of abundance and increasing income disparity, we may need a version of capitalism that is focused on more than just efficient production and also places greater prioritization on the less desirable side effects of capitalism. ........ China will be the biggest global loser because of the rapid disappearance of its manufacturing jobs. It has not created a safety net, and income disparity is already too great, so we can expect greater turmoil there. ....... Carlos Slim Domit .. He predicted the emergence of tens of millions of new service jobs in Mexico through meeting the Mexican people’s basic needs and enabling them to spend time on leisure and learning. He sees tremendous opportunities to build infrastructure where there is none, and to improve the lives of billions of people who presently spend their lives trying to earn enough on which to subsist. ........ Countries such as India and Peru and all of Africa will see the same benefits — for at least two or three decades, until the infrastructure has been built and necessities of the populations have been met. ...... Then there will not be enough work even there to employ the masses........Slim’s solution to this is to institute

a three-day workweek

so that everyone can find employment and earn the money necessary for leisure and entertainment. This is not a bad idea. In the future we are heading into, the cost of basic necessities, energy, and even luxury goods such as electronics will fall low enough to seem almost free — just as cell-phone minutes and information cost practically nothing now. It is a matter of sharing the few jobs that will exist in an equitable way......... The concept of

a universal basic income

is also gaining popularity worldwide as it becomes increasingly apparent that declining costs and the elimination of bureaucracies, make it possible for governments to provide citizens with income enough for the basic necessities. The idea is to give everyone a stipend covering living costs and to get government out of the business of selecting what social benefits people should have. The advantage of this approach is that workers gain the freedom to decide how much to work and under what conditions. Enabling individual initiative in the work that people pursue, in fields ranging from philosophy and the arts to pure science and invention, will result in their enrichment of their cultures in ways we can’t foresee. ....... With sensors, new nanomaterials and composites, and 3D-printing technologies, we could be building massive smart cities that use energy more efficiently and provide a better quality of life for their inhabitants. ....... Another potential solution, the brainchild of Internet pioneer Vint Cerf and entrepreneur David Nordfors, is to develop A.I. software that matches jobs to the skills, talent, passions, experiences, and values of each individual on the planet. They say that there is an almost infinite amount of work that needs to be done and that only a fraction of all human capacity is being used today. People hate their jobs, consequently losing tremendous amounts of productivity. With jobs tailored to a person’s passions, we could create a work environment in which people give 100 percent of their capacity to work and the economy expands because more is being done......

We need to be prepared and to develop a new version of capitalism that benefits all.





The (Needed) New Economics of Abundance
Molecular manufacturing coupled with AI could bring about a “personal manufacturing” revolution and a new era of abundance. But abundance could be highly disruptive, so we need to design a new economics of abundance so society is prepared for it. .... For centuries, we have built cultures and economies around scarcity. Economics is the “study of how human beings allocate scarce resources”1 in the most efficient way and conventional wisdom agrees that regulated capitalism results in the most efficient allocation of those scarce resources. ...

But what happens if resources are not scarce?

....... Is there even a point to talking about the “economics of abundance” in a culture where economic equations are entirely oriented around scarcity? ..... “My college textbook, Gregory Mankiw’s otherwise excellent Principles of Economics, doesn’t mention the word abundance. And for good reason:

If you let the scarcity term in most economic equations go to nothing, you get all sorts of divide-by-zero problems. They basically blow up.”

......... molecular manufacturing as “the automated building of products from the bottom up, molecule by molecule, with atomic precision. This will make products that are extremely lightweight, flexible, durable, and potentially very ‘smart’.” And cheap. ........ “personal manufacturing”. Such personal nanofactories (PNs) already have been envisioned and are likely to be similar in look and ease of use as a printer or microwave oven. ..... The advent of PNs should bring the cost of most nonfood necessities to near zero.

Much of the raw material for most objects we commonly use can be found in air and dirt

...... If we build things from the molecules up (and conversely, break things down into their component molecules for reuse),

materials cost will nearly disappear.

Information would then become the most expensive resource. Meanwhile, computing power — information management — continues to expand exponentially even as its cost drops precipitously. ....... as true artificial intelligence (AI) approaches, computers will become self-programming, and information cost may drop even more dramatically. It’s already happening. .....

even food eventually could be manufactured on the kitchen countertop personal at practically no materials cost.

...... What would an economy based on abundance look like? What would we call it? Could we convince the lawmakers, the regulators, and those who currently benefit most from a system based on scarcity to relinquish what has worked so well for them? ...... we must drive toward an outcome whereby the benefits of molecular manufacturing accrue to the greatest number of people. War, poverty, and business drive my reasoning. .....

To date, all our technological and economic progress has produced a world at war and in poverty. War is largely fought over scarce resources. Widespread wealth (through universal distribution of PNs) would remove the apparent fuel for most wars.

...... 2.7 billion humans live below a level necessary to meet basic needs. The organization says that this kind of poverty includes hunger, lack of shelter, no access to medicines, and losing a child to illness brought about by unclean water ....... This discussion needs to happen now, before entrenched interests develop protections and harden regulations adapted for maximum short-term profits while stifling innovation. Market forces can be too slow. What’s needed is a means to produce broad and inexpensive licensing so that early breakthroughs in molecular manufacturing can quickly benefit a broad swath of humanity. ..... Over hundreds of years, we have developed the skills of how to allocate things in short supply. For widespread abundance, we have no experience, no projections, and no economic calculations. Abundance, paradoxically, could be highly disruptive. It is time to design a new economics of abundance, so that abundance can be enjoyed in a society that is prepared for it.

What Esther @kcolbin and Thomas Wells talk about here is part of why I care about web science. Must-read. And I think I'...

Posted by JP Rangaswami on Sunday, November 1, 2015


Sunday, October 25, 2015

Israel

Israeli technology is everywhere.

Israeli technology is everywhere. Powerful video by Calcalist כלכליסט

Posted by START-UP NATION on Thursday, October 22, 2015

What After Smartphone?

Friday, October 23, 2015

Tuesday, October 20, 2015

Marc Andreessen Excited About Payday Loans



Liberty Street Economics
Except for the ten to twelve million people who use them every year, just about everybody hates payday loans. .... their “unconscionable” and “spiraling” fees and their “targeting” of minorities ..... the typical brick-and-mortar payday lender charges $15 per $100 borrowed per two weeks, implying an annual interest rate of 391 percent! ...... payday lending is very competitive ......

payday lenders outnumber Starbucks

as if they—payday lenders, not Starbucks—were a plague upon the land ..... each additional payday firm per 1,000 residents in a given Zip code was associated with a $4 decline in fees (compared with a mean finance charge of about $55). ...... fixed operating costs and

loan loss rates do justify a large part of the high APRs charged

.” ...... a 36 percent cap eliminates payday loans altogether. ..... payday lenders tend to locate in lower income, minority communities .....

contrary to tenets of classical economists, not all people always act in their own best interest

; they can make systematic mistakes (“cognitive errors”) that lower their own welfare. If chronic rollovers reflect behavioral problems, capping rollovers would benefit borrowers prone to such problems.