946 karma · joined April 13, 2012
This is why you always see wings of museums named after rich folks.
The real problem came from cheap consumer credit... everything in our economy is built around the existence of such credit. Consumers are conditioned and targeted to consume and borrow. Full stop.
Same thing happened with education — 4 years of productive time were siphoned towards college degrees that didn’t mean much.
This is the gutting of the middle class... not fiscal conservatism.
The modern American consumer is only in debt because debt is so easy to obtain, not because his wages are too low to survive.
Visit Latin America or Asia where there throngs of people much happier and healthier on far less. The welfare state makes the familial structure unnecessary in America — I won’t comment on this. But it is a third order effect even more deeply troubling than the economic ones I highlighted earlier.
The best way to help poor people is to lower the minimum wage so they can get jobs.
Subsidizing the poor increases consumption which is bad not only for the first order effect (throwing away money)... but also for the little thought of second order effect: it incentivizes people to build businesses that cater to consumption that was in the first place unsustainable. Smart people that could have been doing something else instead facilitate the creation of businesses that are only funded by inflation and cheap credit.
This is the story of the US economy in the past 30 years. The two largest disasters in recent history: the student loan bubble and the housing bubble, were both founded upon the notion that we should “give money away” without any real measurement of whether or not there would be a return on capital.
Our government should invest the majority of capital in basic research, healthcare, education and infrastructure... not the creation of a consumption driven bloated welfare state.
— buy painting for $5 million
— have a museum value it at $15 million a few years later
— donate painting
— write off $15 million in taxes for a charitable contribution
Clearly the museums have an incentive to fudge the numbers for rich donors.
It’s well understood that complex traits are polygenic (no single gene or sets of causal variants) but quite easy to predict such traits when looking at the full genome (I agree the resolution of prediction is still not there — but we are in the infancy of this field).
I recommend learning more about some of the polygenic risk scoring methodologies that are popping up in research: https://www.broadinstitute.org/news/giant-study-finds-rare-i...
The relative value of $500 for an individual is orders of magnitude higher than $13k for Amazon.
The analogy to jumping out of an airplane is apples and oranges, because you are guaranteed life or death within the current epoch in the case of the airplane jump — both states that we understand. But you have no such guarantee in the cryogenic state. You might wake up to a horrible world.
The whole article is written with the tone of someone who doesn't understand the concept of "unknown unknowns".
Dmitry Belyayev was able to produce a tame variety of the red fox within 4 generations of breeding: https://en.wikipedia.org/wiki/Dmitry_Belyayev_(zoologist)#Be...
The redundancy is probably there to so that the DNA->RNA copying is more robust against chance mutations in DNA that occurred during cell division.
The company with the "suave" CEO is likely building revenue as a result of sales and people charisma rather than core innovation.
Our true shadow is not what Facebook exposes. Rather it collects data and exposes a subset which is in fact the anti-shadow.
YOU choose what data to expose on facebook. The act of that data being exposed has effects that are tangible.
If you've read Foucault he describes a similar effect during the Victorian era on human sexuality -- the idea that by exposing something and quantifying it -- you in fact put a sort of control on it. When it was hidden, no one knew what was normal -- so they used their intuitions and personal judgement.
It doesn't share everything -- because it can't possibly KNOW you (or your shadow) -- people are incredibly smart and complex -- as you point out. But what it does do is expose a superficial subset of you that in turn changes your behavior and the perception of your behavior.
Jungs whole point is that the shadow is an intrinsic aspect of any social society -- something MUST be repressed in order for us to not be completely individualistic psychopaths (like the snakes we evolved from) ... simply exposing this duality doesn't just "fix it" ... instead society needs to function with the knowledge that these things exist. Jung's point is that the individual should not go into psychosis trying to balance dualistic morals... and society shouldn't be so harsh in judging morals (NOT that everything in the shadow should be made public, or even that the shadow is a bug rather than a feature)
The label of "profitable" itself is pretty meaningless, given that you are at battle over many many years against competitors. One quarter of profitability might yield doom 3 quarters down the line due to lack of investment.
Dynastic wealth needs to be paired with a code of ethics and training ... nothing inherently wrong with it.
Most non-coding DNA does have a regulatory purpose. Things like copy number variations (where information is "duplicated") between promoters and enhancers can can change the rate at which particular genes get transcribed. This is my point: that viewing the genome as "information" in the simple sense of each ATCG nucleotide corresponding to bits is absurd. The genome is a geometric AND chemical entity and encodes information using both paradigms.
My point is not to say that you are wrong, but rather that you do not know. It is FAR from well established that the genome is inefficient at storing information.
The non-coding genome is a large part of what causes us to look different from a mouse or a fruit-fly. Gene regulation (what gene to transcribe, and when) is largely controlled by non-coding DNA: https://en.wikipedia.org/wiki/Regulation_of_gene_expression
There are energy costs associated with useless information being stored and transcribed in the genome... so it is pretty reasonable to believe that information theory does play some (however minor) role in how data is stored.
My thought is that there is just ZERO innovation in this area at a big picture level. Sure the person designing the radar has a PhD from Caltech -- but it's mostly incremental optimization of individual components.
Someone is going to figure out how to be the Elon Musk of fighter jets and we better hope it's going to be someone from the USA.
But again -- it doesn't matter how good your tech is if the next person can do it 85% as good for 20% the price.
My last major point is this: Fighter jets are limited in their maneuverability when they have humans on-board -- they can't pull more G's than the body can withstand. AI fighters don't have this limitation.
The innovation shouldn't be around stealth and maneuverability, but rather production cost/rate and AI automation. It is really hard to train a fighter pilot, this means you have very few of them, and the one with the best jet wins.
In the new world of AI the jets themselves are trivial, it's the AI that matters and the VOLUME you can produce them at. In this case someone like China is way better positioned -- just steal the IP for the physical airframe (or develop one that is just good enough) then innovate on the assembly line and AI aspects.
The AI fighter jet problem feels much easier than the self driving car problem.
Nietzsche also delves into some of these ideas when he describes the rise and fall of civilizations as a by product of decadence. This decadence is not just the simplistic notion of "consumption", but rather a weak moral system that arises as a result of decadence. It is not consumption, but rather the morality of consumption: https://www.reddit.com/r/askphilosophy/comments/5avje6/what_...
Looting machines (like companies) required skill, fearlessness, and capital to build.
There are fewer entities that can place bets like that, which means that it is unexplored and likely has more opportunities. Seed funds with $20mm are a dime a dozen.
With this being said the failures are much more catastrophic when such investments are done blindly, without fundamental market / technology forces (e.g take a look at Theranos or Better Place). I believe this is what you are alluding to.
Good investments in this $100mm + category are precisely justified in terms of demand and precisely justified in proof of technology execution -- they are largely for scaling technology to fit a known demand.
A fundamental paradigm shift happened in the past decade which Peter Thiel describes as "moving from the world of bits to the world of atoms" ... this necessitates larger capex to win. With software the scaling costs are constant, with atoms -- they become linear.
This paradigm shift was driven by mobile technology and AI ... so the world is completely different from the days when spreading 10 $1mm bets was a solid strategy. One of the fundamental problems with applying past intelligence is that it was built on top of a different world.
I liked Stephen Wolframs ideas around cellular automata and network based structures -- it seems that if we could look at physics as more of an information transfer problem -- paired with network optimization and information storage optimization, on a network: this is where real progress will be made. There have been theories around emergent spacetime from thermodynamic processes that were abandoned and IMO need to be re-investigated.
I highly doubt that wave function collapse is just completely random. We just don't see the structure that is creating the "random" distributions we observe.