JAMES KWAK ~ ECONOMISM ~ 2017

~ BEATROI ~ Bad Economics And The Rise Of Inequality

~ E-ROTPT-PCAM-BAT-TA-TDIOAE101T-ETTABTDVNHTITRW ~ Economism – Rests On The Premise That – People – Companies – And – Markets – Behave According To – The Abstract – Two-Dimensional Illustrations Of An Economics 101 Textbook – Even Though The Assumptions Behind Those Diagrams Virtually Never Hold True In The Real World

~ EIAILTWPMSOR-BICTAO-‘E’-ECBAPRT ~ Economism Is An Interpretive Lens Through Which People Make Sense Of Reality – Because It Claims The Authority Of – “Economics” – Economism Can Be A Powerful Rhetorical Tool

~ WSEACSMP-ITWTMOJ-TESO-ATITIG-WETFOAATCI ~ While Superficial Economic Arguments Can Serve Multiple Purposes – In Today’s World They Most Often Justify – The Existing Social Order – And The Inequality That It Generates – While Explaining The Futility Of Any Attempt To Change It

~ RARWQTSM-A-ATITST-ITS-EILAI ~ Reducing All Real-World Questions To Simple Models – And – Answering Them In The Same Terms – In This Sense – Economism Is Like An Ideology

~ TCJFGDOW-INLTTSHWDBG-OTTSOTFIRFTPOTS-I-IIN-EC-BIITNOOAESTPTGGTTGN ~ The Common Justification For Great Disparities Of Wealth – Is No Longer That The Social Hierarchy Was Dictated By God – Or That The Survival Of The Fittest Is Required For The Progress Of The Species – Instead – Inequality Is Necessary – Even Celebrated – Because It Is The Natural Outcome Of An Economic System That Provides The Greatest Good To The Greatest Number

~ TAOETPA-AS-RT-RD-IOSOIS ~ The Ability Of Economism To Pass As– Abstract Science – Rather Than – Rhetorical Device – Is One Source Of Its Strength

~ EIAIBOISEAEP-A-C-U-POTW-WCBCQAE-DW-MAUF ~ Economism Is Also Influential Because Of Its Sedative Elegance And Explanatory Power – A – Clean – Uncluttered – Picture Of The World – Which Can Be Communicated Quickly And Easily – Dispensing With – Messy And Uncooperative Facts

~ ASSOAC-BOAUA-HB-WICS ~ A Small Set Of Abstract Concepts – Based On Admittedly Unrealistic Assumptions – Has Become – Widespread In Contemporary Society

~ IALETMAC-ITAWOSADC-TII-ITRWOPAI ~ It’s A Lot Easier To Make A Case – In The Abstract World Of Supply And Demand Curves – Than It Is – In The Real World Of People And Institutions

~ IGPPWTBUTAISOS-WTSTIOTG-O-PIWAFIOTW ~ Ideas Gain Power Precisely When They Become Useful To An Important Segment Of Society – When They Support The Interests Of That Group – Or – Provide It With A Favorable Interpretation Of The World

~ BBTPO-PT-SI-A-WP-CCTBUWEFTPOPTO ~ Befuddled By The Popularity Of – Progressive Taxes – Social Insurance – And – Welfare Programs – Commentators Continue To Blame Unfamiliarity With Economics For The Popularity Of Policies They Oppose

~ M-IC-WDNSIEI-ARATVOE ~ Many – Influential Commentators – Who Do Not Specialize In Economic Issues – Also Routinely Adopt The Vocabulary Of Economism

~ TM-NE-BMIASWOPADSAEI ~ The Media – Normalize Economism – By Making It A Standard Way Of Presenting And Discussing Social And Economic Issues

~ FC-WSGWHBACPQ-ERTQFTPSTTAROT-IWT-CLM-PT-P-I-S ~ For Centuries – Who Should Get What Has Been A Central Political Question – Economism Removes The Question From The Political Sphere To The Abstract Realm Of Theory – In Which The – Competitive Labor Market – Provides The – Perfect – Indisputable – Solution

~ OOTCPOEIT-T-A-V-V-B-AU-YCMTAEUAS-A-DD-TITHTDPFWATMSWOIPTSMDETOE ~ One Of The Core Principles Of Economism Is That – Taxes – Are – Very – Very – Bad – As Usual – You Can Make The Argument Easily Using A Supply-And-Demand Diagram – The Idea That Higher Taxes Discourage People From Working And Therefore Make Society Worse Off Is Probably The Single Most Deeply Entrenched Tenet Of Economism

~ MPABUOTTR-MHBFDABNOSCIROR-B-OPR-SA-‘SWILOAE’ ~ Many People Are Blissfully Unaware Of Their Tax Rates – Most Human Beings’ Financial Decisions Are Based Not On Sophisticated Calculations Involving Rates Of Return – But – On Primitive Rules – Such As – “Save Whatever Is Left Over After Expenses”

~ LTRITAOMTTGHTB-RTCATTPS ~ Lower Tax Revenues Increase The Amount Of Money That The Government Has To Borrow – Reducing The Capital Available To The Private Sector

~ TSMST-LITWISAG-DHUTS-LPKMOTSDNAMTTWM ~ The Simple Model Saying That – Lower Investment Taxes Will Increase Savings And Growth – Doesn’t Hold Up To Scrutiny – Letting People Keep More Of Their Salaries Does Not Always Motivate Them To Work More

~ AGISAMBWWOCAOSTWDNTTPSTLAE-AS-TQOWTAWDOWFWEFOGAHWIFT ~ A Government Is Simply A Mechanism By Which We Organize Certain Aspects Of Society That We Do Not Trust The Private Sector To Look After Effectively – And So – The Question Of Whether Taxes Are Worthwhile Depends On What Functions We Expect From Our Government And How Well It Fulfills Them

~ TGPOAWITSTBOWPBIEP ~ The Greatest Power Of A Worldview Is To Set The Boundaries Of What People Believe Is Even Possible

~ ERM-FTP-HBIACWBIAWOE-IFC ~ Economism’s Rosy Model – Failed To Predict – How Both Individuals And Companies Would Behave In A World Of Ever-Increasing Financial Complexity

~ I2008-WRTLTACMDNMETCFTIMPU-I-P-SBLBPACTMTIGIWTDLDAWR-SOATMS ~ In 2008 – We Relearned The Lesson That A Competitive Market Does Not Magically Ensure That Capital Flows To Its Most Productive Uses – Instead – Profit-Seeking Behavior Leads Both People And Companies To Maximize Their Individual Gains In Ways That Distort Lending Decisions And Waste Resources – Sometimes On A Truly Monumental Scale

~ TMTNCALAMCTE-A-CRASTLTETTBWSTNCI ~ The Megabanks That Nearly Collapsed Are Larger And More Complex Than Ever – And – Capital Requirements Are Still Too Low To Ensure That Those Banks Will Survive The Next Crisis Intact

~ IARWLM-TADCCL ~ In A Real-World Labor Market – Trade Agreements Do Create Clear Losers

~ TGAOEHBT-RAPI-AAL-E-T-U-SN-FFSTW ~ The Great Achievement Of Economism Has Been To – Repackage A Political Ideology – As A Lightweight – Easy-To-Use – Seemingly Neutral – Framework For Seeing The World

~ BCTSO-AT-EDTTIADAA-TWSITWII-IYDA-YMNU-E101 ~ By Claiming The Status Of – Absolute Truth – Economism Denies That There Is Any Debate At All – The World Simply Is The Way It Is – If You Don’t Agree – You Must Not Understand – Economics 101

~ EPAIRIOCPI-PCTOAAA-WPOTTM ~ Economism Plays An Important Role In Our Contemporary Political Institutions – Prioritizing Certain Types Of Analyses And Arguments – While Pushing Others To The Margins

~ FASTBR-CMANE-TMAB-PDPI-TPEF-MP-SC-A-SAESOR ~ For A Society To Become Rich – Competitive Markets Are Not Enough – There Must Also Be – Pluralistic Democratic Political Institutions – That Prevent Elites From – Monopolizing Power – Suppressing Competitors – And – Seizing An Excessive Share Of Resources

~ U-IWTA-NW-TDBWTO ~ Ultimately – It Will Take A – New Worldview – To Do Battle With The Old

NAOMI KLEIN ~ THE SHOCK DOCTRINE ~ 2007

~ DC-OR-O-TPS-ITWO-CE-CW-TTODAEMO ~ Disaster Capitalism – Orchestrated Raids – On – The Public Sphere – In The Wake Of – Catastrophic Events – Combined With – The Treatment Of Disasters As Exciting Market Opportunities

~ DCC ~ Disaster Capitalism Complex

~ CSI ~ Corporate Supremacist Ideology

~ AP-RA-B-AFVLC-A-ACO-MW-P-WHAE-SLBTTG ~ A Powerful – Ruling Alliance – Between – A Few Very Large Corporations – And – A Class Of – Mostly Wealthy – Politicians – With Hazy And Ever-Shifting Lines Between The Two Groups

~ The Ideologies That Long For That Impossible – Clean Slate – Which Can Be Reached Only Through – Some Kind Of Cataclysm – Are The Dangerous Ones

~ T-TITMO-W-P-TMIG ~ Then – There Is The Matter Of – Where – Precisely – The Money Is Going

~ WID-BC ~ When In Doubt – Blame Corruption

~ TPO-ST-ITOUAWF-EPTBMVQ-N-DTL-B-PBOI-CSL-F-CTC-MOASATLCU ~ The Point Of – Shock Therapy – Is To Open Up A Window For – Enormous Profits To Be Made Very Quickly – Not – Despite The Lawlessness – But – Precisely Because Of It – Constantly Shifting Location – From – Crisis To Crisis – Moving On As Soon As The Law Catches Up

~ BCF-LAO-A-TPHABMO-IRJAWO-LTTEPF ~ But Calling For – Law And Order – After – The Profits Have All Been Moved Offshore – Is Really Just A Way Of – Legalizing The Theft Ex Post Facto

~ T-G-R-O-D-T-D ~ The – Get-Rich-Or-Die-Trying – Dystopia

~ TUSO-‘S’-IT-TVMNCBA-TEU-IS-IB-O-ICSC-TA-TD ~ The Ugly Secret Of – “Stablization” – Is That – The Vast Majority Never Climb Back Aboard – They End Up – In Slums – In Brothels – Or – In Cargo Ship Containers – They Are – The Disinherited

~ TTI-TWRDBGAI ~ Then There Is – The Whirling Revolving Door Between Government And Industry

~ NCR ~ No Conspiracies Required

~ THOSMW-B-ATMOTWP-WNAPP-N-O-WIALO ~ The Hoarding Of So Much Wealth – By – A Tiny Minority Of The World’s Population – Was Not A Peaceful Process – Nor – Often – Was It A Legal One

~ OTMOTSDADACU-WCBHTTBS-MDTC-SR ~ Once The Mechanics Of The Shock Doctrine Are Deeply And Collectively Understood – Whole Communities Become Harder To Take By Surprise – More Difficult To Confuse – Shock Resistant

~ TBWT-R-F-H-TOTB-H-HTRTBPOA-CR ~ The Best Way To – Recover – From – Helplessness – Turns Out To Be – Helping – Having The Right To Be Part Of A – Communal Recovery

ROBERT FRANK ~ THE DARWIN ECONOMY ~ 2011

~ ITI-NRA-TLUAGWTPTL-MT-OBOITTTCOTW-DTMVFOM ~ If There Is – No Realistic Alternative – To Living Under A Government With The Power To Levy – Mandatory Taxes – Our Best Option Is To Try To Create One That Will – Deliver The Most Value For Our Money

~ ATOAA-NOGR-B-A-DTA ~ A Tax On Any Activity – Not Only Generates Revenue – But – Also – Discourages The Activity

~ AA-RD-‘SE’-AT-‘COB’-‘SOC’-A-‘CTWWLOL’-B-IAVC-B-VE-LAR-C-SE ~ Antigovernment Activists – Reliably Denounce – “Social Engineering” – Attempts To – “Control Our Behaviour” – “Steer Our Choices” – And – “Change The Way We Live Our Lives” – But – It’s A Vacuous Compliant – Because – Virtually Every – Law And Regulation – Constitutes – Social Engineering

~ LAHAT-O-SL-SS-TL-SE-I-I-SB-NS-IWOLPTCUHTO ~ Laws Against Homicide And Theft – Noise Ordinances – Speed Limits – Stop Signs – Traffic Lights – Social Engineering – Is – Inescapable – Simply Because – Narrow Self-Interest Would Otherwise Lead People To Cause Unacceptable Harm To Others

~ EDRBTHAIODLTWMRBTUO ~ Every Dollar Raised By Taxing Harmful Activities Is One Dollar Less That We Must Raise By Taxing Useful Ones

~ WGS-OC-SBCWP ~ Wasteful Government Spending – Of Course – Should Be Cut Whenever Possible

~ IETSH-S-WCPITGHNUM-MSNHIACWLIITTAH-AIFWDCATMOTGATH-OPOP ~ It’s Easy To See How – Someone – Whose Core Philosophy Is That Government Has No Useful Mission – Might See No Harm In Appointing Cronies With Little Interest In The Task At Hand – Appointing Incompetent Friends Who Don’t Care About The Mission Of The Government Agencies They Head – Often Plays Out Poorly

~ TSFWT-EPW-ISIII-PW-IAMETET-PW ~ The Search For Ways To – Eliminate Private Waste – Is Still In Its Infancy – Private Waste – Is Actually Much Easier To Eliminate Than – Public Waste

~ TIP-ITTUDA-WRMS-SHO-PPQ-ATEOPRR-SATAPOIFDHASQ ~ The Important Point – Is That The Ultimate Decision About – Whether Regulation Makes Sense – Should Hinge On – Purely Practical Questions – About The Efficacy Of Proposed Regulatory Remedies – Slogans About The Absolute Primacy Of Individual Freedom Don’t Help Answer Such Questions

~ ICBAI? ~ Is Cost Benefit Analysis Immoral?

~ DAGR-EBCAB-ITE-QRWSRTDAQPO-WRSWD? ~ Defending Any Given Right – Entails Both Costs And Benefits – In The End – Questions Regarding Which Specific Rights To Defend Are Quintessentially Practical Ones – Which Rights Should We Defend?

~ DAGRCBFTWVI-B-IAGC-NJFTTWETR-BA-FTWBIRBI ~ Defending Any Given Right Creates Benefits For Those Who Value It – But – It Also Generates Costs – Not Just For Those Tasked With Enforcing The Right – But Also – For Those Whose Behavior Is Restricted By It

~ TITMTWPWPFBT ~ The Infrastructure That Made Their Wealth Possible Was Paid For By Taxes

~ TOAT-SE-I-CA ~ The Only Alternative To – Social Engineering – Is – Complete Anarchy

~ AT-RMF-HBAC-IOI-FO-HSFTB-U-MOTAHBCBMPABEOTPS-APWBML-I-WCA-I-FV-A-TRBSAM ~ Attempts To – Remedy Market Failure – Have Been A Central – If Often Implicit – Focus Of – Human Societies From The Beginning – Unfortunately – Many Of Those Attempts Have Been Compromised By Misguided Perceptions At Both Ends Of The Political Spectrum – Additional Progress Will Be More Likely – If – We Can Abandon – Ill-Founded Views – About – The Relationship Between Success And Merit

~ IWTOBTAATSUPCSTRBTU-IAINTRA ~ If We Think Of Being Taxed As Akin To Some Unknown Person Confiscating Something That Rightfully Belongs To Us – It’s Almost Impossible Not To React Angrily

~ IPTTOTROGLITOS-TATTOTROBLIOF ~ If People Tend To Overlook The Role Of Good Luck In Their Own Success – They Also Tend To Overlook The Role Of Bad Luck In Others’ Failures

~ TPFITTWJL ~ The Plan Fact Is That They Were Just Lucky

~ TPFPTPHANRTKTFBTTAECITLM-GTETWIROPIFBT-TPHNMMS ~ The Prevailing Framework Presumes That People Have A Natural Right To Keep The Full Bounty Their Talents And Efforts Command In The Labor Market – Given The Extent To Which Incomes Rest On Public Investment Financed By Taxes – That Presumption Has Never Made Much Sense

~ WHNPRTBT-HTOTEWIEG-TCIOR-A-SQ ~ We Have No Persuasive Reasons To Believe That – Higher Taxes On Top Earners Would Inhibit Economic Growth – This Claim Is Often Repeated – And – Seldom Questioned

~ IWC-TTR-TNHORTRWN-B-TGN-IT-CTCBLOTEWHTIIAW ~ If We Can’t – Tax The Rich – There’s No Hope Of Raising The Revenue We’ll Need – But – The Good News – Is That – Certain Taxes Can Be Levied On Top Earners Without Harming Their Interest In Any Way

~ TOHACTBKA-PT ~ Taxes On Harmful Activities Came To Be Known As – Pigouvian Taxes

~ TPOAPTGHSESRTC ~ The Price Of Any Product That Generates Harmful Side Effects Should Reflect Their Cost

~ MPSDHV ~ Many Public Services Deliver High Value

~ TPSOO-PP-IRDHB-ACOS-T-CMTTNOTACWF ~ The Primary Source Of Our – Political Paralysis – In Recent Decades Has Been – A Collection Of Slogans – That – Completely Misrepresent The True Nature Of The Actual Choices We Face

~ PA-WABC-U-APSFATCHTO-A-RE ~ Personal Autonomy – Will Always Be Compromised – Unless – All Problems Stemming From Activities That Cause Harm To Others – Are – Resolved Efficiently

~ T-BL-ITI-SR-DMT-TEP-ALAP-TSAOTE-TPAOEC ~ The – Bottom Line – Is That If – Society’s Rules – Don’t Make The – Total Economic Pie – As Large As Possible – They Squander An Opportunity To Enhance – The Personal Autonomy Of Every Citizen

~ B-GG-DJH-IMBNC-STB-R-SHHUFTKOSMOUWTLI ~ But – Good Government – Doesn’t Just Happen – It Must Be Nurtured Carefully – Starve The Beast – Rhetoric – Surely Hasn’t Helped Us Forge The Kind Of Society Most Of Us Want To Live In

~ ANOW-AGTTTREB-ATEGWFOO-BTCRH-TOCEAOTO-IWTTDTBWTLTP ~ Almost No One Wants – A Government That Tries To Regulate Every Behavior – A Truly Effective Government Would Focus Only On – Behaviors That Cause Real Harm – That Others Cannot Easily Avoid On Their Own – It Would Try To Discourage Those Behaviors With The Lightest Touch Possible

JAMES KWAK ~ ECONOMISM ~ 2017

~ BEATROI ~ Bad Economics And The Rise Of Inequality

~ E-ROTPT-PCAM-BAT-TA-TDIOAE101T-ETTABTDVNHTITRW ~ Economism – Rests On The Premise That – People – Companies – And – Markets – Behave According To – The Abstract – Two-Dimensional Illustrations Of An Economics 101 Textbook – Even Though The Assumptions Behind Those Diagrams Virtually Never Hold True In The Real World

~ EIAILTWPMSOR-BICTAO-‘E’-ECBAPRT ~ Economism Is An Interpretive Lens Through Which People Make Sense Of Reality – Because It Claims The Authority Of – “Economics” – Economism Can Be A Powerful Rhetorical Tool

~ WSEACSMP-ITWTMOJ-TESO-ATITIG-WETFOAATCI ~ While Superficial Economic Arguments Can Serve Multiple Purposes – In Today’s World They Most Often Justify – The Existing Social Order – And The Inequality That It Generates – While Explaining The Futility Of Any Attempt To Change It

~ RARWQTSM-A-ATITST-ITS-EILAI ~ Reducing All Real-World Questions To Simple Models – And – Answering Them In The Same Terms – In This Sense – Economism Is Like An Ideology

~ TCJFGDOW-INLTTSHWDBG-OTTSOTFIRFTPOTS-I-IIN-EC-BIITNOOAESTPTGGTTGN ~ The Common Justification For Great Disparities Of Wealth – Is No Longer That The Social Hierarchy Was Dictated By God – Or That The Survival Of The Fittest Is Required For The Progress Of The Species – Instead – Inequality Is Necessary – Even Celebrated – Because It Is The Natural Outcome Of An Economic System That Provides The Greatest Good To The Greatest Number

~ TAOETPA-AS-RT-RD-IOSOIS ~ The Ability Of Economism To Pass As – Abstract Science – Rather Than – Rhetorical Device – Is One Source Of Its Strength

~ EIAIBOISEAEP-A-C-U-POTW-WCBCQAE-DW-MAUF ~ Economism Is Also Influential Because Of Its Sedative Elegance And Explanatory Power – A – Clean – Uncluttered – Picture Of The World – Which Can Be Communicated Quickly And Easily – Dispensing With – Messy And Uncooperative Facts

~ ASSOAC-BOAUA-HB-WICS ~ A Small Set Of Abstract Concepts – Based On Admittedly Unrealistic Assumptions – Has Become – Widespread In Contemporary Society

~ IALETMAC-ITAWOSADC-TII-ITRWOPAI ~ It’s A Lot Easier To Make A Case – In The Abstract World Of Supply And Demand Curves – Than It Is – In The Real World Of People And Institutions

~ IGPPWTBUTAISOS-WTSTIOTG-O-PIWAFIOTW ~ Ideas Gain Power Precisely When They Become Useful To An Important Segment Of Society – When They Support The Interests Of That Group – Or – Provide It With A Favorable Interpretation Of The World

~ BBTPO-PT-SI-A-WP-CCTBUWEFTPOPTO ~ Befuddled By The Popularity Of – Progressive Taxes – Social Insurance – And – Welfare Programs – Commentators Continue To Blame Unfamiliarity With Economics For The Popularity Of Policies They Oppose

~ M-IC-WDNSIEI-ARATVOE ~ Many – Influential Commentators – Who Do Not Specialize In Economic Issues – Also Routinely Adopt The Vocabulary Of Economism

~ TM-NE-BMIASWOPADSAEI ~ The Media – Normalize Economism – By Making It A Standard Way Of Presenting And Discussing Social And Economic Issues

~ FC-WSGWHBACPQ-ERTQFTPSTTAROT-IWT-CLM-PT-P-I-S ~ For Centuries – Who Should Get What Has Been A Central Political Question – Economism Removes The Question From The Political Sphere To The Abstract Realm Of Theory – In Which The – Competitive Labor Market – Provides The – Perfect – Indisputable – Solution

~ OOTCPOEIT-T-A-V-V-B-AU-YCMTAEUAS-A-DD-TITHTDPFWATMSWOIPTSMDETOE ~ One Of The Core Principles Of Economism Is That – Taxes – Are – Very – Very – Bad – As Usual – You Can Make The Argument Easily Using A Supply-And-Demand Diagram – The Idea That Higher Taxes Discourage People From Working And Therefore Make Society Worse Off Is Probably The Single Most Deeply Entrenched Tenet Of Economism

~ MPABUOTTR-MHBFDABNOSCIROR-B-OPR-SA-‘SWILOAE’ ~ Many People Are Blissfully Unaware Of Their Tax Rates – Most Human Beings’ Financial Decisions Are Based Not On Sophisticated Calculations Involving Rates Of Return – But – On Primitive Rules – Such As – “Save Whatever Is Left Over After Expenses”

~ LTRITAOMTTGHTB-RTCATTPS ~ Lower Tax Revenues Increase The Amount Of Money That The Government Has To Borrow – Reducing The Capital Available To The Private Sector

~ TSMST-LITWISAG-DHUTS-LPKMOTSDNAMTTWM ~ The Simple Model Saying That – Lower Investment Taxes Will Increase Savings And Growth – Doesn’t Hold Up To Scrutiny – Letting People Keep More Of Their Salaries Does Not Always Motivate Them To Work More

~ AGISAMBWWOCAOSTWDNTTPSTLAE-AS-TQOWTAWDOWFWEFOGAHWIFT ~ A Government Is Simply A Mechanism By Which We Organize Certain Aspects Of Society That We Do Not Trust The Private Sector To Look After Effectively – And So – The Question Of Whether Taxes Are Worthwhile Depends On What Functions We Expect From Our Government And How Well It Fulfills Them

~ TGPOAWITSTBOWPBIEP ~ The Greatest Power Of A Worldview Is To Set The Boundaries Of What People Believe Is Even Possible

~ ERM-FTP-HBIACWBIAWOE-IFC ~ Economism’s Rosy Model – Failed To Predict – How Both Individuals And Companies Would Behave In A World Of Ever-Increasing Financial Complexity

~ I2008-WRTLTACMDNMETCFTIMPU-I-P-SBLBPACTMTIGIWTDLDAWR-SOATMS ~ In 2008 – We Relearned The Lesson That A Competitive Market Does Not Magically Ensure That Capital Flows To Its Most Productive Uses – Instead – Profit-Seeking Behavior Leads Both People And Companies To Maximize Their Individual Gains In Ways That Distort Lending Decisions And Waste Resources – Sometimes On A Truly Monumental Scale

~ TMTNCALAMCTE-A-CRASTLTETTBWSTNCI ~ The Megabanks That Nearly Collapsed Are Larger And More Complex Than Ever – And – Capital Requirements Are Still Too Low To Ensure That Those Banks Will Survive The Next Crisis Intact

~ IARWLM-TADCCL ~ In A Real-World Labor Market – Trade Agreements Do Create Clear Losers

~ TGAOEHBT-RAPI-AAL-E-T-U-SN-FFSTW ~ The Great Achievement Of Economism Has Been To – Repackage A Political Ideology – As A Lightweight – Easy-To-Use – Seemingly Neutral – Framework For Seeing The World

~ BCTSO-AT-EDTTIADAA-TWSITWII-IYDA-YMNU-E101 ~ By Claiming The Status Of – Absolute Truth – Economism Denies That There Is Any Debate At All – The World Simply Is The Way It Is – If You Don’t Agree – You Must Not Understand – Economics 101

~ EPAIRIOCPI-PCTOAAA-WPOTTM ~ Economism Plays An Important Role In Our Contemporary Political Institutions – Prioritizing Certain Types Of Analyses And Arguments – While Pushing Others To The Margins

~ FASTBR-CMANE-TMAB-PDPI-TPEF-MP-SC-A-SAESOR ~ For A Society To Become Rich – Competitive Markets Are Not Enough – There Must Also Be – Pluralistic Democratic Political Institutions – That Prevent Elites From – Monopolizing Power – Suppressing Competitors – And – Seizing An Excessive Share Of Resources

~ U-IWTA-NW-TDBWTO ~ Ultimately – It Will Take A – New Worldview – To Do Battle With The Old

WILLIAM MARSDEN ~ FOOLS RULE ~ 2011

~ TGB-WTSIAUTD-A-WMPAWTA-WTCI-‘P’-GUV ~ The Gap Between – What The Science Is Asking Us To Do – And – What Most People Are Willing To Accept – What They Claim Is – “Possible” – Gives You Vertigo

~ D-KRDM-A-BLSWIC ~ Deniers – Keep Repackaging Debunked Material – And – Badgering Legitimate Scientists With Irrelevant Concerns

~ WLIA-PC-WT-SO-O-AOCE-AP-O-ATC-CAMWFTGPA-TSKOAG ~ We Live In A – Public Cyberspace – Where The – Scientific Opinions – Of – An Oil Company Executive – A Politician – Or – A Television Commentator – Carry As Much Weight For The General Public As – The Scientific Knowledge Of A Geophysicist

~ WDPBTTAPF? ~ Why Do People Believe Things That Are Patently False?

~ AOM ~ Axis Of Melt

~ ML-IWWTOA-TPA-ABF-THITW-TMFITAMTFSIC-V-AAOC ~ Mercury Levels – In What We Think Of As – The Pristine Arctic – Are By Far – The Highest In The World – The Mercury Found In The Arctic Migrated There From Southern Industrial Centers – Via – Atmospheric And Ocean Currents

~ MGH-BOMLIWC-‘FH’-LEIBTOSATDP-CATAMOCAAOFFROE ~ Methane Gas Hydrates – Bits Of Methane Locked Inside Water Crystals – “Frozen Heat” – Literally Everywhere In Both The Ocean Sediment And The Deep Permafrost – Contains About Twice As Much Organic Carbon As All Other Fossil Fuel Reserves On Earth

~ TDTARAEI ~ They Describe Themselves As Research And Educational Institutions

~ WCTPOFI-APS-HBC-A-RB-LAPOASOTS ~ We Continue To Place Our Faith In – A Political System – Hijacked By Corporations – And – Run By – Liars And Propagandists On All Sides Of The Spectrum

~ OBMIFUT-SSITREOTWWHCTKAT-Y-OBAHAAATCNC ~ Our Brains May Instinctively Force Us To – Seek Shelter In The Reassuring Equilibrium Of The World We Have Come To Know And Trust – Yet – Our Brains Also Have An Amazing Ability To Chart New Courses

ANDREAS WEIGEND ~ DATA FOR THE PEOPLE ~ 2017

~ TARL-TRTSPI-B-DCBUAU ~ There Are Real Life-Threatening Risks To Sharing Personal Information – Because – Data Can Be Used Against Us

~ TRIA-HTETTDCAATTUAWATT-A-TWHSSIHODAU ~ The Real Issues Are – How To Ensure That The Data Companies Are As Transparent To Us As We Are To Them – And – That We Have Some Say In How Our Data Are Used

~ TSDR ~ The Social Data Revolution

~ HCWETDAFTP? ~ How Can We Ensure That Data Are For The People?

~ SD-I-IAY-SA-Y-M-B-A-I-AWAIA-YRW-OP-P-P-E-I ~ Social Data – Is – Information About You – Such As – Your – Movements – Behavior – And – Interests – As Well As Information About – Your Relationships With – Other People – Places – Products – Even – Ideologies

~ OLSNB-D-B-D-TSB-E-B-D ~ Our Lives Should Not Be – Driven – By – Data – They Should Be – Empowered – By – Data

~ PFTP-PA ~ Principles For The Post-Privacy Age

~ B-T-IE-YAN-A ~ But – Transparency – Isn’t Enough – You Also Need – Agency

~ A-E-TROITAUTD-OAFL-A-I-GPTATCDTAUTT ~ Agency – Encompasses – The Right Of Individuals To Act Upon Their Data – On A Fundamental Level – Agency – Involves – Giving People The Ability To Create Data That Are Useful To Them

~ T-AWDCALADIE-ST-I-YATHSCODPAS-O-HCYPJ-WYGAWYG? ~ Transparency – About What Data Companies Are Learning And Doing Is Essential – So Too – Is – Your Ability To Have Some Control Over Data Products And Services – Otherwise – How Could You Possibly Judge – What You Give Against What You Get?

~ IIATCOP ~ Information Is At The Center Of Power

~ TWHMITOAASTB ~ Those Who Have More Information Than Others Almost Always Stand To Benefit

~ BDL ~ Becoming Data Literate

~ TBFPIT-SDR-WMSTOMO-P-‘C’-WTIWIPBU-A-EA-NM-TO-AC-COSD ~ To Be Full Participants In The – Social Data Revolution – We Must Shed The Old Mindset Of – Passive – “Consumers” – Who Take In Whatever Is Placed Before Us – And – Embrace A – New Mindset – That Of – Active Co-Creators Of Social Data

~ WCT-SDR-A-M-‘BB’-O-WCBDLADMWTITRSTTVWGFTIWWWGTT ~ We Can Treat – Social Data Refineries – As – Mysterious – “Black Boxes” – Or – We Can Become Data Literate And Demand Meaningful Ways To Influence The Refineries So That The Value We Get From Them Is Worth What We Give To Them

~ WYDW? ~ What’s Your Data Worth?

~ ASDACIMAOOL-WWIDODRTHUMSOTBDIL ~ As Social Data Are Created In More Areas Of Our Lives – We Will Increasingly Depend On Data Refineries To Help Us Make Some Of The Biggest Decisions In Life

~ IMC-TTMOTDWCEOWWCODTTDCBO ~ In Many Cases – The True Meaning Of The Data We Create Emerges Only When We’re Comparing Our Data To The Data Created By Others

~ OOTBSOBDLILWDA-P-I-O-I ~ One Of The Basic Skills Of Being Data Literate Is Learning What Data Are – Plausible – Implausible – Or – Impossible

~ ADAPTE ~ All Data Are Prone To Error

~ WAASWHTCWSDEWWTHR-A-WRWCT ~ We As A Society Will Have To Consider Which Social Data Experiments We Want To Have Run – And – Which Results We Can Trust

~ A-IN-TDSOD-TPDTWFTP-WN-TAA ~ Anonymity – Is Not – The Default Setting Of Democracy – To Put Data To Work For The People – We Need – Transparency And Agency

~ TEIAOSDCPUO-IWCDTHTAIOTABTTM?-WNTDMSTFETT-O ~ The Exponentially Increasing Amount Of Social Data Clearly Presents Unprecedented Opportunities – In Which Cases Does The Harm To An Individual Outweigh The Aggregate Benefit To The Masses? – We Need To Develop More Sophisticated Tools For Evaluating These Trade-Offs

~ TNSC ~ The New Social Capital

~ TMOSDE ~ The Ministry Of Social Data Engineering

~ AAFS-DR-OTGUASSTT-P-OAO ~ As A First Step – Data Refineries – Ought To Give Users A Simple Switch To Turn – Personalization – On And Off

~ MSOTSOS-WDIMTLIAWWEIR? ~ Making Sense Of The Sensorization Of Society – What Does It Mean To Live In A World Where Everything Is Recorded?

~ PH-TMF-A-LWUS-F-TIT-FOII-O-BR-IAW-TWATOOTI-S-TIT-FOD-O-OSD-WP-T-TITFOP-O-ORDASTD-AUAHTDMBAOUITF ~ People Have – Three Main Fears – About – Living With Ubiquitous Sensors – First – There Is The – Fear Of Information Imbalance – Of – Being Retrievable – In A Way – That Will Alter The Outcome Of The Interaction – Second – There Is The – Fear Of Dissemination – Of – Others Sharing Data – Without Permission – Third – There Is The Fear Of Permanence – Of – Others Recording Data And Saving The Data – An Uncertainty About How The Data Might Be Analyzed Or Used In The Future

~ CAD-TVOAE-I-WADO-SD-TGUR ~ Companies Are Discovering – The Value Of Analyzing Everything – Increasingly – We’ll All Depend On – Sensor Data – To Give Us Recommendations

~ C-ATO-S-TCPU-TUCOA-P/P/T ~ Cameras – Aren’t The Only – Sensor – That Can Pick Up – The Unique Characteristics Of A – Person / Place / Thing

~ RTASD-WINTBTBTTMOUATPHTPWMNEBATTMABI ~ Refineries That Analyze Sensor Data – Will Increasingly Need To Balance The Benefits To The Majority Of Users Against The Potential Harm To People Who May Not Even Be Aware That Their Movements Are Being Inferred

~ IRS-WIAFSITBB-PAS-AWAB-PAFS ~ Image Recognition Software – Will Involve A Fundamental Shift In The Balance Between – Privacy And Security – As Well As Between – Privacy And Free Speech

~ A-C-GVTTWCSFT ~ Algorithms – Can – Give Voice To Those Who Cannot Speak For Themselves

~ B-WCDA-SOR-WRTO-SD-TETFPO-TAA

~ But – We Can Demand A – Set Of Rights – With Respect To Our – Social Data – That Ensures The Fullest Potential Of – Transparency And Agency

~ STC-TFTP ~ Seeing The Controls – Transparency For The People

~ WHTDOTRTHUIAUTIOOD-TRTAYDSITATSYDIC-TOTMPCA-YP-A-YP ~ We Have To Depend On The Refineries To Help Us Interpret And Understand The Implications Of Our Data – The Right To Access Your Data Should Include The Ability To See Your Data In Context – Two Of The Most Powerful Contexts Are – Your Past – And – Your Peers

~ AT-RD-A-WATF-AC-A-I-I-M ~ Access To – Raw Data – Alone – Without Any Tools For – Analysis Comparison – And – Interpretation – Is – Meaningless

~ TRTIDR ~ The Right To Inspect Data Refineries

~ I-CO-AP-C-W-SRS ~ Increasingly – Cyber Operations – Are Providing – Criminals – With – Significant Revenue Streams

~ HCYDWARI-‘SE’-TSYDW? ~ How Can You Determine Whether A Refinery Is – “Secure Enough” – To Share Your Data With?

~ MSBS-NWA-SW-B-WA-HW-IAC-AE-WI-D-D-IT-O-STBTDATJ ~ Many Security Breaches Start – Not With A – Software Weakness – But – With A – Human Weakness – Inside A Company – An Employee – Who Is – Disgruntled – Disaffected – Inadequately Trained – Or – Simply Too Busy To Do A Thorough Job

~ AW-LAR-WMMAT-GP;TDWEAWLHBTURDAEOTR ~ As With – Laws And Regulations – What Matters Most Are The – Guiding Principles; The Details Will Evolve As We Learn How Best To Use Refined Data And Exercise Our Transparency Rights

~ TTC-AFTP ~ Taking The Control(S) – Agency For The People

~ IRCEWU-WSBATEWT ~ If Refineries Can Experiment With Us – We Should Be Able To Experiment With Them

~ ITM ~ Influencing The Machines

~ IAWAGT-TAR-B-TMITEHNEOODL ~ It’s All Well And Good To – Talk About Rights – But – They’re Meaningless If Their Existence Has No Effect On Our Daily Lives

~ WFBQATPAAUOD ~ We Face Big Questions About The Possible And Acceptable Uses Of Data

~ T-HIP-B-SD-ALOT ~ Transparency – Has Its Price – But – So Does – A Lack Of Transparency

~ SD-CGU-F-MT-W-T-MWWW-MCTP-A-OTW-ALAWCETDR ~ Social Data – Can Give Us – Fairer – More Transparent – Ways – To – Match Work With Workers – Match Compensation To Performance – And – Optimize The Workforce – As Long As Workers Can Exercise Their Data Rights

~ AWGTAT-REUTS-EO-TAAR-AWDS-DOTPABTP-WB-DFTP ~ As We Gain The Ability To – Refine Everything Under The Sun – Exercising Our – Transparency And Agency Rights – As We Do So – Data Of The People And By The People – Will Become – Data For The People

CLAY SHIRKY ~ TOO MUCH MAGIC ~ 2010

~ BG-TABWAM ~ Before Gutenberg – The Average Book Was A Masterpiece

~ TSOI ~ The Shock Of Inclusion

~ TPFKATA ~ The People Formerly Known As The Audience

~ CS ~ Collaborative Spirals

~ BFO ~ Behavior Follows Opportunity

~ WMMNIOI ~ What Matters Most Now Is Our Imaginations

~ CAGIACA ~ Creativity And Generosity In A Connected Age

~ WCNTFTA-AGSATCBHF-L-CC-P-RT-AASOIMTBWAOPAAT ~ We Can Now Treat Free Time As – A General Social Asset That Can Be Harnessed For – Large – Communally Created – Projects – Rather Than – As A Set Of Individual Minutes To Be Whiled Away One Person At A Time

~ PWTDSTMTWABP-TWHWTAIT ~ People Want To Do Something To Make The World A Better Place – They Will Help When They Are Invited To

~ OYFOHTTTSIAWTPCA-OCRYT-OAO-ATW ~ Once You’ve Figured Out How To Tap The Surplus In A Way That People Care About – Others Can Replicate Your Technique – Over And Over – Around The World

~ PTRFTATTCT ~ Projects That Range From The Amusing To The Culturally Transformative

~ DSBIIYMIADKOATDIBYARAER ~ Doing Something Because It Interests You Makes It A Different Kind Of Activity Than Doing It Because You Are Reaping An External Reward

~ IEMCADIO ~ Increasing Extrinsic Motivations Can Actually Decrease Intrinsic Ones

~ PIMASETTGTETRT-IYGPAWTAOTDFAACOGAS-TMTYUOI ~ People’s Intrinsic Motivations Are Strong Enough That They Gravitate Toward Experiences That Reward Them – If You Give People A Way To Act On Their Desire For Autonomy And Competence Or Generosity And Sharing – They Might Take You Up On It

~ MOTUUOCTASBOOBAHNWSL ~ Many Of The Unexpected Uses Of Communications Tools Are Surprising Because Our Old Beliefs About Human Nature Were So Lousy

~ ‘C-BPP’-WTIJOOABIP-A-CBPOAP-WAMH ~ “Commons-Based Peer Production” – Work That Is Jointly Owned Or Accessed By Its Participants – And – Created By People Operating As Peers – Without A Managerial Hierarchy

~ TIIOATCTT-TPOFTAPTISU-IOOTGNOOTA-OTCTBOPWTAOI ~ This Increase In Our Ability To Create Things Together – To Pool Our Free Time And Particular Talents Into Something Useful – Is One Of The Great New Opportunities Of The Age – One That Changes The Behaviors Of People Who Take Advantage Of It

~ SPINAP-IIJAA ~ Social Production Is Not A Panacea – It Is Just An Alternative

~ OWTHAGOPITATFTITCAMOSC ~ One Way To Help A Group Of Participants Improve Their Ability To Function Together Is The Creation And Maintenance Of Shared Culture

~ CAPCWWBFSIHTSAP ~ Creating A Participatory Culture With Wider Benefits For Society Is Harder Than Sharing Amusing Photos

~ TESOVRNICLFMSTFBE-BNOHACG-OEAVGO-AWTNGIWLL ~ The Essential Source Of Value Right Now Is Coming Less From Master Strategy Than From Broad Experimentation – Because No One Has A Complete Grasp – Or Even A Very Good One – About What The Next Great Idea Will Look Like

~ SS ~ Start Small

~ PTWWOITGLGWGL ~ Projects That Will Work Only If They Grow Large Generally Won’t Grow Large

~ WMMNIOI ~ What Matters Most Now Is Our Imaginations

OZZIE ZEHNER ~ GREEN ILLUSIONS ~ 2012

~ ATAI ~ Addiction To An Ideal

~ BDWH ~ Buying… Debting… Working… Hoarding

~ CHCRW ~ Commercially Honed Celebrity Repli-Ware

~ CRC ~ Cosmopolitan Radical Chic

~ DHS ~ Deferred Happiness Syndrome

~ CS ~ Cornucopian Superstars

~ EATK ~ Eliminate Advertising To Kids

~ WWHIAAWTSD? ~ What Would Happen If All Advertising Were To Suddenly Disappear?

~ F-TBC-WR-ABP-A-WHO ~ Filling – The Bottomless Cornucopia – Will Require – A Bottomless Planet – And – We Haven’t One

~ EBE ~ Energy Boomerang Effect

~ FW(TWNKWN) ~ Fantastico-Widgets (That We Never Knew We Needed)

~ V-IA-L-CON-CA-TCR-C-RA-A-IDSPR ~ Volunteering – Is A – Low-Cost Or No-Cost Activity – That Can Replace – Consumption-Related Activities – And – It Delivers Superior Personal Rewards

~ RES ~ Real Energy Security

~ STFITC ~ Shift Taxes From Income To Consumption

~ SP ~ Smart Packaging

~ IEISAVCTOS-WISSFLOODAE? ~ If Energy Is Such A Vital Component To Our Society – Why Is Society So Frequently Left Out Of Debates About Energy?

~ IDTP-HR-C-WC-HMC-L-B-BR-R-FP-WS-A-C-IA-MM ~ It’s Difficult To Price – Human Rights – Cancer – Working Conditions – Heavy Metal Contamination – Leaks – Bribery – Biodiversity Risks – Radiation – Food Patronages – Water Security – And – Conflict – Into A – Market Mechanism

~ WDAG-WWE-B-WWI-TTSASAFR ~ We Don’t Always Get – What We Expect – But – What We Inspect – That’s The Short And Sweet Argument For Regulation

~ NUTVOAS ~ Never Underestimate The Value Of A Sticker

~ CADOE ~ Create A Department Of Efficiency

~ UEU-IASO-SSC-EUWCDWWITC ~ Unsustainable Energy Use – Is A Symptom Of – Suboptimal Social Conditions – Energy Use Will Come Down When We Improve These Conditions

~ U-CE-ILE ~ Ultimately – Clean Energy Is Less Energy

~ STFT ~ Silver-Tongued Fairy Tales

~ TEP ~ The Energy Pornographers

~ AET-D-CTA/W-PW-SHR-IN-SD-RT-LACD-RC-T-PP ~ Alternative-Energy Technologies – Don’t – Clean The Air/Water – Protect Wildlife – Support Human Rights – Improve Neighborhoods – Strengthen Democracy – Regulate Themselves – Lower Atmospheric Carbon Dioxide – Reduce Consumption – They – Produce Power

CASS SUNSTEIN ~ INFOTOPIA ~ 2006

~ BTRATPCFTFT-WTI-IIETOTVAETCO-H-T-ACE-M-O-P ~ Both The Risk And The Promise Come From The Fact That – With The Internet – It Is Easy To Obtain The Views And Even The Collaboration Of – Hundreds – Thousands – And Conceivably Even – Millions – Of – People

~ E-L-MPCADSTIECOTOD-LTWE-UC-A-UE-B-ED-TI-AOEVEIIA-APLAGDFTDBOITOPH ~ Everyday – Like-Minded People Can And Do Sort Themselves Into Echo Chambers Of Their Own Design – Leading To Wild Errors – Undue Confidence – And – Unjustified Extremism – But – Every Day – The Internet – Also Offers Exceedingly Valuable Exercises In Information Aggregation – As People Learn A Great Deal From The Dispersed Bits Of Information That Other People Have

~ IC-CUIWWHOWWCAOWCAPU ~ Information Cocoons – Communications Universes In Which We Hear Only What We Choose And Only What Comforts And Pleases Us

~ ICBCFLAOTLI-IC-W-F-P-WESOV-B-MEATPOOC-FPAPI-CCTITN ~ It Can Be Comforting For Leaders And Others To Live In – Information Cocoons – Warm – Friendly – Places – Where Everyone Shares Our Views – But – Major Errors Are The Price Of Our Comfort – For Private And Public Institutions – Cocoons Can Turn Into Terrible Nightmares

~ DDALTBD?-OIDN-GMMIPOOA-LTEOTACOFRTT-‘G’-MWPUUADS-C-TFTCIAETROA ~ Does Deliberation Actually Lead To Better Decisions? – Often It Does Not – Group Members May Impose Pressures On One Another – Leading To Extremism Or To A Consensus On Falsehood Rather Than Truth – “Groupthink” – May Well Promote Unthinking Uniformity And Dangerous Self-Censorships – Thus Failing To Combine Information And Enlarge The Range Of Arguments

~ CGDBNISODBBOI-TPITDGODNOTKTTMAH ~ Countless Groups Do Badly Not In Spite Of Deliberation But Because Of It – The Problem Is That Deliberating Groups Often Do Not Obtain The Knowledge That Their Members Actually Have

~ TGLIT-PL-EATHL-OLIC-A-DPFLHTIS ~ The General Lesson Is That – Political Leaders – Even At The Highest Levels – Often Live In Cocoons – And – Deliberation Provides Far Less Help Than It Should

~ GOFPTASOP-TDNCBIAIE-TEIHBAOMATEOIHBAFOO-TFVTBOCE-I-DOFTAAGM ~ Groups Often Fall Prey To A Series Of Problems – They Do Not Correct But Instead Amplify Individual Errors – They Emphasize Information Held By All Or Most At The Expense Of Information Held By A Few Or One – They Fall Victim To Bandwagon Or Cascade Effects – Indeed – Deliberation Often Fails To Aggregate Among Group Members

~ AIH-TPPB-IPASI-AIAD-TIOMFJAMAP-NMJAF ~ As It Happens – The Problems Posed By – Informational Pressure And Social Influences – Apply In All Domains – They Infect Our Most Fundamental Judgments About Morality And Policy – Not Merely Judgments About Facts

~ TKP-IS-GWDBTI-A-BGBTLO-SLATCAM:MRIU-A-EPIMLTNTBC ~ The Key Point – Is That – Groups Will Do Better Than Individuals – And – Big Groups Better Than Little Ones – So Long As Two Conditions Are Met: Majority Rule Is Used – And – Each Person Is More Likely Than Not To Be Correct

~ FAOCW ~ Falsehoods Are Often Conventional Wisdom

~ ASBIOOADWCSPFTGA ~ A Systematic Bias In One Or Another Direction Will Create Serious Problems For The Group’s Answers

~ GMTTBALMCATJASWOA-AKEOGIIAGST-TPCIC-WONIAI ~ Group Members Tend To Become A Lot More Confident About Their Judgments After Speaking With One Another – A Key Effect Of Group Interaction Is A Greater Sense That – The Postdeliberation Conclusion Is Correct – Whether Or Not It Actually Is

~ MOTT-DGDQPAATITTMH-WMMGT-TOFTLNAMATM-RKIOIOD-AABIKIABAOMGMHAFGRTITIKBOOOAFGM ~ Much Of The Time – Deliberating Groups Do Quite Poorly At Aggregating The Information That Their Members Have – When Many Minds Get Together – They Often Fail To Learn Nearly As Much As They Might – Relevant Knowledge Is Often Ignored Or Downplayed – Above All Because Information Known In Advance By All Or Most Group Members Has A Far Greater Role Than Information That Is Known By Only One Of A Few Group Members

~ WSGDW-IIBPSWTT-B-WDG-TMNH-ETTVOOMLPTST-MPRDLBTSD-TDNWTLSORCT ~ When Statistical Groups Do Well – It Is Because People Say What They Think – But – With Deliberating Groups – This Might Not Happen – Exposure To The Views Of Others Might Lead People To Silence Themselves – Most People Really Don’t Like Being The Sole Dissenter – They Do Not Want To Look Stupid Or To Create Trouble

~ HP-TAUTGCOBDN-ACFOIA-A-TAATC ~ Hidden Profiles – The Accurate Understandings That Groups Could Obtain But Do Not – A Clear Failure Of Information Aggregation – And – They Are All Too Common

~ CKE-IHBAGMHFMIOGJTIHBOAFM ~ Common Knowledge Effect – Information Held By All Group Members Has Far More Influence On Group Judgments Than Information Held By Only A Few Members

~ GMTTBSMCATJAD-AEAF-B-CAEAABC ~ Group Members Tend To Be Significantly More Confident About Their Judgments After Discussion – An Especially Alarming Finding – Because – Confidence And Error Are A Bad Combination

~ TITGWAIOATTBLOTHAPLTETPHIADP-CPMHLIOTG ~ Those In The Group Who Are Inexperienced Or Are Thought To Be Low On The Hierarchy Are Particularly Loath To Emphasize Their Privately Held Information As Discussion Proceeds – Cognitively Peripheral Members Have Little Influence On The Group

~ IMDG-PWEUHITAOSR-ATKI ~ In Many Deliberating Groups – People Who Emphasize Uniquely Held Information Take An Obvious Social Risk – And They Know It

~ TDM-APCU-IWYCOTTAOTYL-PIATMP-IOGIA-BPITO ~ The Daily Me – A Personalized Communications Universe – In Which You Consult Only Those Topics And Opinions That You Like – Polarization Is All The More Probable – Instead Of Good Information Aggregation – Bad Polarization Is The Outcome

~ TFT-DIBCAU-WL-TSBPMI-TDHPSRTN ~ The Fact That – Deliberation Increase Both Confidence And Uniformity – Will Leave – The Strong But Potentially Misleading Impression – That Deliberation Has Produced Sense Rather Than Nonsense

~ MHTOFAF-A-PCBWO-B-AMCSIFROWIPAH-APMRHIADG-B-IAM-TWHI-UH-AIAPTMALOM-A-TALTETO ~ Markets Have Their Own Fads And Fashions – And – Prices Can Be Way Off – But – A Market Creates Strong Incentives For Revelation Of Whatever Information People Actually Hold – A Profile May Remain Hidden In A Deliberating Group – But – In A Market – Those With Hidden Information – Uniquely Held – Are In A Position To Make A Lot Of Money – And – They Are Likely To Exploit The Opportunity

~ TPA-O-TCPOEIORC-IOUPDBEGAF-IMC-TLNBTAE-BB-IPAATC-ABO-TSBOTTABS ~ Traditional Practices Are – Often – The Congealed Product Of Earlier Information Or Reputational Cascades – Inefficient Or Unjust Practices Defended By Entrenched Groups And Factions – In Many Cases – Traditions Last Not Because They Are Excellent – But Because – Influential People Are Averse To Change – And Because Of – The Sheer Burdens Of Transition To A Better State

MAUDE BARLOW ~ FOUR PRINCIPLES ~ BLUE FUTURE ~ 2013

~ WIAHR-AI-AIO-J-N-C ~ Water Is A Human Right – And Is – An Issue Of – Justice – Not – Charity

~ WIACHAPT-A-T-ATWMNBATBDB-P-F-P-I ~ Water Is A Common Heritage And Public Trust – And – Therefore – Access To Water Must Not Be Allowed To Be Decided By – Private – For-Profit – Interests

~ WHRBISTH-A-MBRAPFTE ~ Water Has Rights Beyond Its Service To Humans – And – Must Be Respected And Protected For The Ecosystem

~ RTBASOCAD-W-CB-NGTTUHWMLTLMLOTPAIHWOA ~ Rather Than Being A Source Of Conflicts And Division – Water – Can Be – Nature’s Gift To Teach Us How We Might Learn To Live More Lightly On The Planet And In Harmony With One Another