TOM SLEE ~ WHAT’S YOURS IS MINE

~ TSE-AWONBTUTITMCWSP-FRWE ~ The Sharing Economy – A Wave Of New Businesses That Use The Internet To Match Customers With Service Providers – For Real-World Exchanges

~ TSEPTHPPITMCOTLBB-‘ME’~ The Sharing Economy Promises To Help Previously Powerless Individuals Take More Control Of Their Lives By Becoming – “Micro-Entrepreneurs”

~ W-TWTP-U-SDAADIH-TSEIEAHADFMIPPAOOL ~ Well – That Was The Promise – Unfortunately – Something Different And Altogether Darker Is Happening – The Sharing Economy Is Extending A Harsh And Deregulated Free Market Into Previously Protected Areas Of Our Lives

~ TLCANCJT ~ The Leading Companies Are Now Corporate Juggernauts Themselves

~ MSEC-AMBM-FTIAE-AGJFTSEAM-BCRAMPFOLPWFTWAWITSE ~ Many Sharing Economy Companies – Are Making Big Money – For Their Investors And Executives – And Good Jobs For Their Software Engineers And Marketers – By Creating Riskier And More Precarious Forms Of Low-Paid Work For Those Who Actually Work In The Sharing Economy

~ CC ~ Collaborative Consumption

~ TME ~ The Mesh Economy

~ PTPP ~ Peer-To-Peer Platform

~ TGE ~ The Gig Economy

~ CS ~ Concierge Services

~ TODE ~ ~ The On-Demand Economy

~ REACAATOUG-THSBTTOVCF ~ Running Errands And Cleaning Are Among The Other Unglamorous Jobs – That Have Suddenly Become The Target Of Venture Capital Funding

~ TIINSCABWTPASWLTB ~ The Internet Is Not So Complete A Break With The Past As Some Would Like To Believe

~ CICOCONCFOS ~ Commercial Incentives Can Often Crowd Out Non-Commercial Forms Of Sharing

~ TSE-WBSBOBAC-B-ABOBAC-A-OBAW ~ The Sharing Economy – Will Be Shaped By Our Behavior As Consumers – But – Also By Our Behavior As Citizens – And – Our Behavior As Workers

~ NTCPAIPIBABF-B-TDNPASTSCSP-O-TRLSOSC ~ New Technologies Can Play An Important Part In Building A Better Future – But – They Do Not Provide A Shortcut To Solving Complex Social Problems – Or – To Resolving Longstanding Sources Of Social Conflict

~ ITSEP-WDBIEAS-WTBSU-TNTDTHOIC-A-LSL-FTIOFWHBEISFY ~ If The Sharing Economy Proponents – Who Do Believe In Equality And Sustainability – Want To Build Something Useful – They Need To Drop The Hubris Of Internet Culture – And – Learn Some Lessons – From Those In Other Fields Who Have Been Engaged In Sharing For Years

~ JATANSTSCSP-STINSBITCTWOTSE-ASPITWRIFWII ~ Just As There Are No Shortcuts To Solving Complex Social Problems – So There Is No Simple Big Idea To Countering The Worst Of The Sharing Economy – A Starting Point Is That We Recognize It For What It Is

~ SPLAPC? ~ Shouldn’t Public Libraries And Parks Count?

~ TSEIAEASNOTFBBLAOVC ~ The Sharing Economy Is Almost Entirely A Small Number Of Technology Firms Backed By Large Amounts Of Venture Capital

~ TSE-IAM-F-D ~ The Sharing Economy – Is A Movement – For – Deregulation

~ MFI-A-IVCF-ASAOTCRMBDCGATW ~ Major Financial Institutions – And – Influential Venture Capital Funds – Are Seizing An Opportunity To Challenge Rules Made By Democratic City Governments Around The World

~ ATLO-CAAPP-FPFG ~ Appropriating The Language Of – Collective Action And Progressive Politics – For Private Financial Gain

~ ITT ~ Inspirational Technology Tales

~ WCT-AAWALOMBI-WOITOTAWIIWABS ~ When Coupled To – An Agenda With A Lot Of Money Behind It – We Owe It To Ourselves To Ask What It Is We Are Being Sold

~ PBND ~ Platitudes But No Data

~ M-LACSI-CTOMATDADA ~ Meanwhile – Less Ambitious Car-Sharing Initiatives – Continue To Operate Much As They Did A Decade Ago

~ LIBACC ~ Low Income Became A Consistent Complaint

~ TRFM ~ The Required Founding Myth

~ ARSHBU-TUHBAMOFITWOSD ~ As Rating Systems Have Become Ubiquitous – Their Usefulness Has Become A Matter Of Faith In The World Of Software Development

~ TSE-IATCEOAPF-’AR’-IWRPCAR-B-RASA ~ The Sharing Economy – Is At The Cutting Edge Of A Push For – “Algorithmic Regulation” – In Which – Rules Protecting Consumers Are Replaced – By – Ratings And Software Algorithms

~ TPORSIAM ~ The Promise Of Reputation Systems Is A Mirage

~ MRETSTTTCCSFT-AAPPICOF-KHFP-TBOTCAIGC-RWNSTP ~ Most Regulations Exist To Screen Those Things That Customers Cannot See For Themselves – Accommodations Are Properly Protected In Case Of Fire – Kitchen Handles Food Properly – The Breaks Of The Car Are In Good Condition – Ratings Will Never Solve These Problems

~ RSAATWTTDWEFOT-AFOT-SECHIETDWTF ~ Reputation Systems Are Also The Wrong Tool To Deal With Extreme Failures Of Trust – Assault, Fraud, Or Theft – Sharing Economy Companies Have Proved Ill-Equipped To Deal With These Failures

~ RSAETV-PTPR-TTSEV ~ Reputation Systems Are Eroding The Very – Person-To-Person Relationships – That The Sharing Economy Supposedly Values

~ RIEOITTAIAFFTTOCOR ~ Reputation Is Effective Only If The Testimonies Are Impartial And Free From The Taint Of Collusion Or Retaliation

~ TORAAAIADPTT ~ Thinking Of Reputation As An Asset Is A Dangerous Path To Take

~ IYCBAST-TTLTATDBTAO ~ If You Can Buy And Sell Testimonies – Those Testimonies Lose Their Ability To Discriminate Between Trustworthiness And Opportunism

~ ‘PAC’ ~ “People As Companies”

~ ‘ME’ ~ “Micro-Entrepreneurs”

~ PTTGRTTER-HR-TTSHR ~ People Tend To Grade Relative To The Existing Rating – Highly Rated – Tend To Stay Highly Rated

~ RSANSFR-TAASFACMS-AABOAT ~ Reputation Systems Are Not Substitutes For Regulation – They Are A Substitute For A Company Management Structure – And A Bad One At That

~ PFTRTCC ~ Persistent Failure To Respond To Customer Complaints

~ RSATUIASOS ~ Reputation Systems Are Turning Us Into A Society Of Snitches

~ INOWAWMMITWIMO ~ It’s Not Obvious Where Artists Will Make Money If Their Work Is Made Open

~ OD-M-’ETE’ ~ Open Data – May – “Empower The Empowered”

~ PSI ~ Public Sector Information

~ WRMM ~ Weather Risk Management Market

~ ITGOTM-I-TPE-IWNFMEO-EIS-L-A-SPOD-O-WIAPVPR-WSBP-BTWTDKARTMMUOI ~ If The Goal Of The Movement Is – To Promote Equality – It Will Need Far More Emphasis On – Experimentation In Standards – Licensing – And – Selective Provision Of Data – Otherwise – What Is A Potentially Valuable Public Resource – Will Simply Be Plundered – By Those With The Digital Skills And Resources To Make Most Use Of It

~ SVIDCTTITSACGT ~ Silicon Valley Is Deeply Committed To The Idea That Sharing And Commerce Go Together

~ CO ~ Crowding Out

~ SECITWTMCOSE ~ Sharing Economy Companies Ignore The Ways That Money Crowds Out Social Exchange

~ TINIATWTTSEWE ~ There Is Nothing Inevitable About The Way That The Sharing Economy Will Evolve

~ A-IAWSCGP-WODN-O-WTOOAPOCSIAASOP-O-WTCACOCPAAFTBOO ~ Alienation – It Appears When Some Contributors Get Paid – While Others Do Not – Or – When The Owner Of A Privately Owned Common Sees It As A Source Of Profit – Or – When The Creativity And Commitments Of Cultural Producers Are Appropriated For The Benefit Of Others

~ ECS-WTACFST-TSOFP-AMOTU ~ Early Collaborative Sites – Were Treated As Commons For Some Time – Then Sold Off For Profit – Alienating Many Of Their Users

~ MIWTTCNPTWTATS ~ New Institutions Will Try To Create New Problems To Which They Are The Solution

~ TOTCIACW-TIOTTOTC-AI-WTWTTC ~ Trading On The Commons Is A Contradiction When – The Interests Of Those Trading On The Commons – Are Incompatible – With Those Who Tend The Commons

~ WSAA-ATC-PTPC-S-A-S-HBTPOB ~ What Started As An – Appeal To Community – Person-To-Person Connections – Sustainability – And – Sharing – Has Become The Playground Of Billionaires

~ STOCMD ~ Selective Truths Of Company Marketing Departments

~ HPAWCL ~ High-Profile And Well-Connected Lobbyists

~ WICFIALM-ITWPTATTCPAH-B-SRISM-WMGS ~ What Is Called For Is A Little Modesty – If Technologists Were Prepared To Accept That Technology Can Play A Helpful – But – Secondary Role In Social Movements – We Might Get Somewhere

DAVID BOHM ~ ON DIALOGUE

~IPATC-TWT-THTBATCSIC-STTSITMDAA-RTS-CFAATTO ~ If People Are To Cooperate – To Work Together – They Have To Be Able To Create Something In Common – Something That Takes Shape In Their Mutual Discussions And Actions – Rather Than Something Conveyed From An Authority To The Others

~ IWKOTTTWITSFOC-TWAGTEIISOW-AWAGTMAPS ~ If We Keep On Thinking That The World Is There Solely For Our Convenience – Then We Are Going To Exploit It In Some Other Way – And We Are Going To Make Another Problem Somewhere

~ TDIBAAETTMBW-TITP ~ Thought Defends Its Basic Assumptions Against Evidence That They May Be Wrong – Thought Is The Problem

~ ABNFADWBFPTSIAC-SAGADFA-IAFDC ~ A Basic Notion For A Dialogue Would Be For People To Sit In A Circle – Such A Geometric Arrangement Doesn’t Favor Anybody – It Allows For Direct Communication

~ IP-TDSW-WAL-A-WAA ~ In Principle – The Dialogue Should Work – Without Any Leader – And – Without Any Agenda

~ IMBUTHAFTGTGG-WKAWOIFAW-PWBTLRTDLALOTD ~ It May Be Useful To Have A Facilitator To Get The Group Going – Who Keeps A Watch On It For A While – People Would Begin To Learn Really To Depend Less And Less On The Facilitator

~ TWOSHBOTBTWCFWL-B-MWC ~ The Whole Of Society Has Been Organized To Believe That We Can’t Function Without Leaders – But – Maybe We Can

~ IIITUTADGINATGOSK-WANTTCAH-TIMHAAB ~ It Is Important To Understand That A Dialogue Group Is Not A Therapy Group Of Some Kind – We Are Not Trying To Cure Anybody Here – Though It May Happen As A Byproduct

~ ITDGWANGTDWTDAA-TIC-OWANF-WMHAESWWANOTDA-NCTAC-OPIRRCCIT-IYWTCTAP ~ In The Dialogue Group We Are Not Going To Decide What To Do About Anything – This Is Crucial – Otherwise We Are Not Free – We Must Have An Empty Space Where We Are Not Obliged To Do Anything – Nor Come To Any Conclusions – Our Purpose Is Really To Communicate Coherently In Truth – If You Want To Call That A Purpose

~ PWCTAGWDIAA-NIFACWOP ~ People Will Come To A Group With Different Interests And Assumptions – Negotiating Involves Finding A Common Way Of Proceeding

~ AGDOWNITCTBDTTFON-PAGNRTGITDIWTFHWTCTBAD ~ A Great Deal Of What Nowadays Is Typically Considered To Be Dialogue Tends To Focus On Negotiation – People Are Generally Not Ready To Go Into The Deeper Issues When They First Have What They Consider To Be A Dialogue

~ TPINTEAFDGF-BR-OTLLETMAC ~ The Point Is Not To Establish A Fixed Dialogue Group Forever – But Rather – One That Lasts Long Enough To Make A Change

~ ACIALORAPAI-STWCLT-BIOWIWHAC-WITWS-MSPAV-OIFA -~ A Society Is A Link Of Relationships Among People And Institutions – So That We Can Live Together – But It Only Works If We Have A Culture – Which Implies That We Share – Meaning, Significance, Purpose, And Value – Otherwise It Falls Apart

~ D-FPTRWIOEOMWCTACOJ ~ Dialogue – For People To Realize What Is On Each Other’s Minds Without Coming To Any Conclusions Or Judgments

~ ITCITL-EWOWTCC-YAITGWTS ~ If You Can Influence The Leaders – Either With Or Without Their Conscious Cooperation – You Automatically Influence The Group Which They Sway

~ BPUAOC-O-MANO-TPCSSAWMOGE ~ By Playing Upon An Old Cliche – Or – Manipulating A New One – The Propagandist Can Sometimes Swing A Whole Mass Of Group Emotions

~ TL-WLTATAPC-WDSOIICBMTTTOI ~ The Leaders – Who Lend Their Authority To Any Propaganda Campaign – Will Do So Only If It Can Be Made To Touch Their Own Interests

~ EAAMBCIOTPIIC ~ Events And Activities Must Be Created In Order To Put Ideas Into Circulation

~ TLISTBAUEABTSC ~ The Law Isn’t Supposed To Be About Unspoken Excuses And Behind-The-Scenes Calculations

~ DWYLISF-BWYLIDBWYT-ATIOAPWIF ~ Doing What You Like Is Seldom Freedom – Because What You Like Is Determined By What You Think – And That Is Often A Pattern Which Is Fixed

~ T-‘P’-IIALAYKOPIATTBYT-THTBISSAOIC ~ The – “Problem” – Is Insoluble As Long As You Keep On Producing It All The Time By Your Thought – Thought Has To Be In Some Sense Aware Of Its Consequences

~ TOSITHM-P-P-TCAMSTYCSTROYT-YHTSYI ~ The Point Of Suspension Is To Help Make – Proprioception – Possible – To Create A Mirror So That You Can See The Results Of Your Thought – You Have To See Your Intention

~ ITB-PWTEO-ITSTIOTD-TWWWI-A-ATSTKEO-TBTTEO ~ In The Beginning – People Won’t Trust Each Other – If They See The Importance Of The Dialogue – They Will Work With It – And – As They Start To Know Each Other – They Begin To Trust Each Other

~ TOOADINTAT-O-TWAA-OTEO-R-IITS-O ~ The Object Of A Dialogue Is Not To Analyze Things – Or – To Win An Argument – Or To Exchange Opinions – Rather – It Is To Suspend – Opinions

~ IWCSWAOOOM-TWASACC-EIWDAE ~ If We Can See What All Of Our Opinions Mean – Then We Are Sharing A Common Content – Even If We Don’t Agree Entirely

~ IMTOTTOANRVI-TAAA-WCJSSTAOTM-TEU-NTWHCI ~ It May Turn Out That The Opinions Are Not Really Very Important – They Are All Assumptions – We Can Just Simply Share The Appreciation Of The Meanings –– Truth Emerges Unannounced – Not That We Have Chosen It

~ IWAHDAADT-EPITGTHADC-BWWRTITOPA ~ If We All Have Different Assumptions And Defend Them – Each Person Is Then Going To Have A Different Content – Because We Won’t Really Take In The Other Person’s Assumptions

~ TINPIBPOC-TNRCOR-ISIR-YDNTBP-ISHTPY-TTIPSDAI ~ There Is No Point In Being Persuaded Or Convinced – That’s Not Really Coherent Or Rational – If Something Is Right – You Don’t Need To Be Persuaded – If Somebody Has To Persuade You – Then There Is Probably Some Doubt About It

~ TINRTHTAAITIETIINR-TPSOAAOOAOITIIOTETIMNBR ~ There Is No Reason To Hold To An Assumption If There Is Evidence That It Is Not Right – The Proper Structure Of An Assumption Or Of An Opinion Is That It Is Open To Evidence That It May Not Be Right

~ TDNEFO-IMEFSE-PFAMFMOTTM ~ Truth Does Not Emerge From Opinions – It Must Emerge From Something Else – Perhaps From A More Free Movement Of The Tacit Mind

~ EIOFWP-WWAW-CPIADB-OTATT ~ Even If One Faction Won’t Participate – We Who Are Willing – Can Participate In A Dialogue Between – Our Thought And Their Thought

~ GPHTTA-ATANTT ~ Generally People Hold To Their Assumptions – So They Are Not Thinking Together

~ TINPITDFTPOAAH-WWTBFOHAAAWM-WWCLABTA ~ There Is No Place In The Dialogue For The Principle Of Authority And Hierarchy – We Want To Be Free Of Hierarchy And Authority As We Move – Where We Can Let Anything Be Talked About

~ TPITGPTCTKEOA-AKWTA ~ The Principle Is To Get People To Come To Know Each Other’s Assumptions – And Know What They Are

~ MOOT-IIGF-INI-IOITWC-AIPU-WPIU-ACFP-FF-FS-FN-FB-ASO-WSCPOIWWL-AWMROP-BS-IACFTP ~ Most Of Our Thought – In Its General Form – Is Not Individual – It Originates In The Whole Culture – And It Pervades Us – We Pick It Up – As Children From Parents – From Friends – From School – From Newspapers – From Books – And So On – We Select Certain Parts Of It Which We Like – And We May Reject Other Parts – But Still – It All Comes From That Pool

TWYES-DOHYRI-O-MI ~ The Way You Experience Something – Depends On How You Represent It – Or Misrepresent It

~ NWDSTOAAATNOOO-B-TAA-TWWST-TWWET-A-C-TTTWWTD ~ Normally We Don’t See That Our Assumptions Are Affecting The Nature Of Our Observations – But – The Assumptions Affect – The Way We See Things – The Way We Experience Them – And – Consequently – The Things That We Want To Do

~ WHGTL-S-TOT-TSWIID-WCABATTRIOWO-WCABATTRIPWO ~ We Have Got To Learn – Somehow – To Observe Thought – To See What It Is Doing – Be Attentive To The Results It Produces Within Ourselves – Even – Of How It Affects Perception

WILLIAM BONNER + LILA RAJIVA ~ MOBS, MESSIAHS AND MARKETS ~ 2007

~ BBIBS ~ Blue Bloods In Black Shirts

~ WTWIWIAGAFATOD-IOPHOTAOI-W-TMBU-OE ~ What The World Improvers Want Is A Globe As Familiar As Their Own Boudoirs – If Other People Have Other Tastes And Other Ideas – Well – They Must Be Uneducated – Or Evil

~ WRMTWIIV-AWMTOITTGITISR ~ What Really Moves The World Improvers Is Vanity – And What Makes Them Odious Is That They Give In To It So Readily

~ TTI-PPAB-AAAFTFOSOV ~ The Truth Is – Popular Politics And Bubbles – Are Almost Always Frauds That Flatter Our Sense Of Vanity

~ DWB-WTPDTDIFETBDT ~ Deception Works Best – When The Person Doing The Deceiving Is Fool Enough To Be Deceived Too

~ MTIAHIAE-IOATBAPOCRBOP-ATFR-OTP ~ Moral Thinking Is Actually Highly Intuitive And Emotional – It Only Appears To Be A Product Of Careful Reasoning Because Of People’s – After-The-Fact Rationalizations – Of Their Preferences

~ ITRATA-F-CTM-TMTTCUWOR-O-WMTTTAI-B-TAUTSTO ~ If The Reasons Are Taken Away – Few – Change Their Minds – They May Try To Come Up With Other Reasons – Or – Want More Time To Think About It – But – They Are Unlikely To Switch Their Opinions

~ TMIHWAWB-B-UHWIE ~ The Mob Is Happy When A War Begins – But – Usually Happier When It Ends

~ AWEBTOPD-WTTTHAGR ~ And What Extraordinarily Bad Things Ordinary People Do – When They Think They Have A Good Reason

~ TWOTWHTPNITDA-B-ITCDOTE-IWNIFWDTPOTW-IWT-SLF ~ The Worst Of The Witch-Hunting Took Place Not In The Dark Ages – But – In The Clear Dawn Of The Enlightenment – It Was Not Illiterate Fools Who Drove The Persecution Of The Witches – It Was The – Semi-Literate Fools

~ FNINN ~ Fake News Is Not New

~ WDTBTAGT-TTTITDTMOT-CBTWDFTFWDWI? ~ Why Do They Believe That A Government That – They Think Too Incompetent To Deliver The Mail On Time – Can Be Trusted With Delivering Freedom To Foreigners Who Don’t Want It?

~ WGP-AALOI-PMCTTS-A-MWWBOFQ ~ Without Government Propaganda – And A Lot Of It – People Might Come To Their Senses – And – Most Wars Would Blow Over Fairly Quickly

~ TNCATEOAEAWI-A-REAOTTPAATB ~ The Negative Consequences At The End Of An Effort At World Improvement – Are – Roughly Equal And Opposite To The Positive Aspirations At The Beginning

~ T-U-ITTWRAE-IEURY-BYKI-YADSTFNORTTIWED ~ That – Ultimately – Is The Trouble With Running An Empire – It Ends Up Running You – Before You Know It – You Are Doing Suicidal Things For No Other Reason Than That Is What Empires Do

~ PDSTNTMOWTTFG-FGWSAA-WATTPUIITB-EIIKT ~ People Don’t Seem To Notice That Much Of What They Take For Granted – Future Generations Will See As Absurd – Whatever Allows Them To Puff Up In Importance They Believe – Even If It Kills Them

~ AWAPS-DAD-AQFB-F ~ As With Any Public Spectacle – Deceit And Deception – Are Quickly Followed By – Farce

~ ITIOTWKATSOC-IITTC-TIIG-TIIF-BRIID ~ If There Is One Thing We Know About The Sentiments Of Crowds – It Is That They Change – Today It Is Greed – Tomorrow It Is Fear – But Rarely Is It Doubt

~ TPWH-WI-I-FAR-OWCNK-WMWTR-WI-W-WSB(IOO)-B-AT-WOTTTAI ~ The Perfect World Hypothesis – What Is – Is – For A Reason – One We Cannot Necessarily Know – We Might Want To Replace – What Is – With – What Should Be (In Our Opinion) – But – At Least – We Ought To Think Twice About It

~ TPWWTFTIOYAATPWIATMI ~ The People Who Want To Force Their Ideas On You Are Always The People Whose Ideas Are The Most Idiotic

~ HBAAMCTTTATAF ~ Human Beings Are Always More Complicated Than The Theories About Them Allow For

~ Y-SPAMTETVBIT ~ Yet – So Powerful Are Myths That Even The Victims Buy Into Them

~ TTOJ ~ The Tao Of Jones

~ WRSTO-BEED ~ We Repeat Slogans To Ourselves – Because Everyone Else Does

~ BSAFT ~ Black Swans And Fat Tails

~ FT-ETLSFOTNCOETWTTPTEFAIOC ~ Fat Tails – Events That Lie So Far Outside The Normal Course Of Events That We Tend To Push Them Equally Far Away In Our Consciousness

~ BSOMMCTWT-TANTROTAOLOSE-BTROTMOE-AEIOSE ~ Black Swans Occur Much More Commonly That We Think – They Are Not The Result Of The Addition Of Lots Of Small Effects – But The Result Of The Multiplication Of Effects – An Exponential Increase Of Small Effects

~ COTB-FITRT-HIOI ~ Complexity Overwhelms The Brain – Forcing It To Revert To – Habit, Instinct, Or Intuition

~ WPTTW-WTACITHOTM-A-HTATTC-AQDT-ANOTIEM ~ What People Think They Want – What They Actually Choose In The Heat Of The Moment – And – How They Afterward Think They Chose – Are Quite Different Things – And None Of Them Is Easily Measured

~ WAFNJBTROTU-BE-BTUOOOEM ~ We Are Fooled Not Just By The Randomness Of The Universe – But Equally – By The Unpredictability Of Our Own Emotional Makeup

~ NOIGNEGNEB-IINEOST-IIS ~ Not Only Is Globalization Neither Entirely Good Nor Entirely Bad – It Is Not Even One Single Thing – It Is Several

~ FDB ~ Fin De Bubble

~ TBSH ~ The Buck Starts Here

~ TMDT ~ The Million Dollar Trailer

~ T-MLNTFMSTBTBATMWS-OTWPTLM-BTNMLRMTB-ATHAJTMF~ Traditionally – Mortgage Lenders Needed To First Make Sure That Both The Borrower And The Market Were Solid – Or They Weren’t Prepared To Lend Money – But The New Mortgage Lenders Rarely Met The Borrower – And They Had Already Judged The Market Foolproof

~ SN ~ Speculation Nation

~ NTBIO-TBBWMLBNS-B-TWNTM ~ Now That The Boom Is Over – The Baby Boomers Will Most Likely Be Net Sellers – Because – They Will Need The Money

~ TMOTMOAB-D-TI-TEEPBWOAWU ~ The Mother Of The Mother Of All Bubbles – Debt – That Is – Traded, Extended, Extruded, Pressed, Bottled, Wrung Out, And Wadded Up

~ OGITWTHOTETFCIFW-DWGAS-‘TP’-P-TDRDRAA-TAI ~ Our Guess Is That When The History Of The Early Twenty-First-Century Is Finally Written – Derivatives Will Get A Special “Tipping Point” Place – They Don’t Really Disperse Risk At All – They Aggregate It

~ WTBFP-YCBSIWBTMMWLTH ~ When The Bubble Finally Pops – You Can Be Sure It Won’t Be These Money Men Who Lose Their Homes

~ F-LBR-DNCW-TMRI-WTMMIHMIGT-ITBTILT ~ Financiers – Like Bank Robbers – Do Not Create Wealth – They Merely Redistribute It – While The Mob May Idolize Holdup Men In Good Times – In The Bad Times It Lynches Them

~ NGTFFTF ~ Never Get Too Far From The Facts

~ NBWEEIRTB ~ Never Buy What Everyone Else Is Rushing To Buy

~ DAAG-TA-IOU-IBTWBD ~ Dollars Are A Gamble – They Are – IOUs – Issued By The World’s Biggest Debtor

~ RHIOR ~ Rot Has Its Own Rationale

~ RISTOW-OMWFOD-NTOWA ~ Reason Is Slave To Our Wishes – Our Minds Work For Our Desires – Not The Other Way Around

CHRISTOPHER STEINER ~ AUTOMATE THIS

~ BLU-ACAWDST-AWPMAMOOWUTCOAWCLTOW-OWIPTS ~ But Left Unsupervised – Algorithms Can And Will Do Strange Things – As We Put More And More Of Our World Under The Control Of Algorithms We Can Lose Track Of Who – Or What – Is Pulling The Strings

~ JWOBOCFSANBSABFPOCC ~ Jobs We Once Blamed Other Countries For Stealing Are Now Being Snatched Away By Faceless Piles Of Computer Code

~ ITSM-HHLBRTIO-TAOTMN ~ In Today’s Stock Market – Humans Have Largely Been Reduced To Interested Observers – The Algorithms Own The Market Now

~ NSTAWSFTTB ~ News Services That Are Written Specifically For The Trading Bots

~ TINWTUTIOGATFCTTNH-TSAWSCBWIF ~ There Is No Way To Understand The Implications Of Giving Algorithms The Full Control That They Now Have – The Speed At Which Something Can Go Wrong Is Frightening

~ SADTOYASPVRR-AOTCCHI-ITCWOT ~ Some Algorithms Developed Thousands Of Years Ago Still Play Very Real Roles – Albeit Ones Their Creators Couldn’t Have Imagined – In The Computerized World Of Today

~ AOWWWKTEFTNTBEOM ~ Algorithms Only Work When We Know The Exact Factors That Need To Be Examined Or Manipulated

~ TWP-PANITATTITN-A-SIOTFTM ~ To Work Properly – Predictive Algorithms Need Instructions That Allow Them To Ignore The Noise – And – Zero In On The Factors That Mater

~ TWI-A-I-W-NSFC-P0TCTW-TJHABCOTROA ~ Those Who Imagine – Art – Innovations – Words – Novel Strategies For Companies – Products That Change The World – Their Jobs Have Always Been Considered Outside The Reach Of Algorithms

~ SPATTCROBWCTT-TNITACI-TABCC-WNL-H-TTADA ~ Smart People Assume That This Creeping Revolution Of Bot Workers Can’t Touch Them – The Notion Is That Algorithms Can’t Innovate – That A Bot Can’t Create – We’re Now Learning – However – That These Are Dangerous Assumptions

~ ACBTTETQAOOOC ~ Algorithms Can Be Taught To Evaluate The Quality And Originality Of Others’ Creations

~ AWPDAABAA? ~ At What Point Does An Algorithm Become An Artist?

~ TVOAIAITS-AAUTSMAMIOD-DMILT-IKA-RL ~ The Value Of Algorithms Is All In Their Speed – Algorithms Allow Us To Squeeze More And More Into Our Days – Doing More In Less Time – Is Known As – Removing Latency

~ M-S-T-HAGT-FBOW ~ Money – Speed – Technology – Have Always Gone Together – For Better Or Worse

~ THABITHOAPF-SOPTWMTGF-H-ATPWDT ~ Technology Has Always Been In The Hands Of A Privileged Few – Some Of Those Who Make The Greatest Fortunes – However – Are The People Who Democratize Technology

~ GTS ~ Gaming The System

~ AWCTIPASATWHAAWRIH ~ Algorithms Will Continue To Invade Professions And Skill Areas That We Have Always Assumed Will Remain Inherently Human

~ TPMBHEWNBTTGR ~ The Predictions Made By Human Experts Were No Better Than Those Generated Randomly

~ TACT ~ Technical Automated Compatibility Testing

~ PDB ~ Paging Dr. Bot

~ WMSTBRUOIF-TTITIABSBA-ATRCAYTC ~ While Medicine Seems To Be Rather Unhackable On Its Face – The Truth Is That It’s Already Been Shaken By Algorithms – And The Real Changes Are Yet To Come

~ IASBGNOH-CAAITNOWDAAP ~ In A Small But Growing Number Of Hospitals – Consulting An Algorithm Is Task Number One When Diagnosing Any Admitted Patients

~ TJFPRSTAPMACE ~ The Jobs For People Reading Scans, Tests, And Patient Metadata Are Certainly Endangered

~ T-C-A-A-TGSED ~ They’re – Cheap – Accurate – And – They Get Smarter Every Day

~ AOU-WOBATE-CB-C-T-A-CLAAIAZ ~ All Of Us – When Observed By A True Expert – Can Be – Categorized – Tagged – And – Catalogued Like An Animal In A Zoo

~ PCPRC-EHWAPIETLTAAS ~ People’s Core Personalities Rarely Change – Exceptions Happen When A Person Is Exposed To Long-Term Abuse And Stress

~ AWGO-OVMGVAD-BTWIWWS-TSWLTOS-RTS-TSGAACATHAOUPLAAUP ~ As We Get Older – Our Vocabulary May Grow Varied And Dense – But The Way In Which We Speak – The Structures We Lend To Our Sentences – Remains The Same – Those Structures Give Away Amazing Clues As To How Any Of Us Process Logic And Act Under Pressure

~ HTSRAAUITMIEK ~ How The Speech Recognition Algorithms Are Used In The Markets Isn’t Exactly Known

~ TPFBI-B-S-AE-P(TR)-ICH ~ The Potential For Bots In – Business – Service – And Even – Politics (Think Robocalls) – Is Clearly Huge

~ WLCPTTFTOTFH-WBCSM-S-LC-A-HC? ~ Why Leave Customers Prone To The Fickle Treatment Of Their Fellow Humans – When Bots Can Secure More – Satisfaction – Lower Costs – And – Happier Customers?

~ AOT-CEAC-D-G-S-S-A-E ~ All Of This – Click, Eyeball And Cursor – Data – Gets – Strained – Sifted – And – Examined

~ HWSIWSWOITPO-TIRCTSP-TBI-H-OATSTBCTTOTI-TSATWCSAE ~ How We Speak Indicates What Spot We Occupy In The Pecking Order – The Influencers Rarely Change Their Speech Patterns – Those Being Influenced – However – Often Alter Their Speech To Be Closer To That Of The Influencer – The Same Applies To Written Communication Such As E-Mail

~ WBOI-OLT ~ Words Betray One’s Influence – Or Lack Thereof

~ BATIPOTDAOAWSCLTNAI-P-M-S-M-TTMMTBM-FTNTH ~ Being Able To Identify Pecking-Order Top Dogs Automatically On A Wide Scale Could Led To New Approaches In – Politics – Management – Sales – Marketing – There’s Too Much Money To Be Made – For This Not To Happen

~ HE-WLTAAOTTTTDOUSREY-CBAEIAWTD ~ Human Error – Which Leads To Almost All Of The Thirty-Three Thousand Deaths On U.S. Roads Every Year – Could Be Almost Eliminated If Algorithms Were The Drivers

~ LAASAATAAI-TADNRHIOTPTICMPL ~ Lawyers Are As Susceptible As Anybody To An Algorithm Invasion – The Algorithm Does Not Require Health Insurance Or The Promise That It Could Make Partner Later

SIMON HEAD ~ MINDLESS ~ 2014

~ SMAMDH ~ Smarter Machines Are Making Dumber Humans

~ CBS ~ Computer Business Systems

~ ES ~ Enterprise Systems

~ BPR ~ Business Process Reengineering

~ ERP ~ Enterprise Resource Planning

~ BS ~ Balanced Scorecard

~ ‘DW’ ~ “Data Warehouses”

~ ‘DM’ ~ “Data Marts”

~ CP ~ Corporate Panoptics

~ TOOMANLFABH-BTER ~ The Objects Of Management Are No Longer Flesh-And-Blood Humans – But Their Electronic Representations

~ WHB-TNCWCSAT-TRUODS ~ We Have Become – The Numbers, Coded Words, Cones, Squares, And Triangles – That Represent Us On Digital Screens

~ KPI-TINLTTN-TMCATAP ~ Key Performance Indicators – There Is No Limit To The Number – That Management Can Attach To A Process

~ TRSOTEOE-I-TCDON ~ The Reverse Side Of The Empowerment Of Experts – Is The Complete Disempowerment Of Nonexperts

~ TLOGW-C-A-T-TMASUTMOG-AAUT-MATTWOESTG ~ The Labeling Of Goods With – Chips – And – Tags – To Monitor And Speed Up The Movement Of Goods – Are Also Used To – Monitor And Time The Work Of Employees Shifting The Goods

~ MIS ~ Management Information Systems

~ RAE ~ Research Assessment Exercise

~ EL ~ Emotional Labor

~ SABRE ~ Semi-Automatic Business Research Environment

~ AEASE ~ Abstracted Electronic And Statistical Entities

~ ATSRAC-IF-HHOIT-SEOTTME-WWIBITS ~ All The Systems Rules And Commands – In Fact – Have Human Origins In The – Superior Expertise Of The Technical, Managerial Elite – Whose Wisdom Is Baked Into The System

MATT TAIBBI ~ THE DIVIDE

~ TCOTCITCDS-OASAOHU-TOAVGOEWOTR-HBITWALT ~ The Cleaving Of The Country Into Two Completely Different States – One A Small Archipelago Of Hyperacquisitive Untouchables – The Other A Vast Ghetto Of Expendables With Only Theoretical Rights – Has Been In The Works A Long Time

~ DWCCITNCWRANSOPART-I-CWGISBTORP ~ Dealing With Corporate Crime In The New Century Would Require A New Set Of Persecutorial And Regulatory Tools – Increasingly – Companies Were Growing, In Size, Beyond The Old Regulatory Parameters

~ ATBWSCSTWTOCSAAWFCIOECIAI-IWOTTNLEOHUSKORT-CAHCWBC-ANWGA-THTBAPH-TPEUB-CC~ As The Biggest Wall Street Companies Screamed Their Way Through One Criminal Scandal After Another Without Facing Corporate Indictments Or Even Criminal Indictments Against Individuals – It Was Obvious That The Nation’s Law Enforcement Officials Had Undergone Some Kind Of Radical Transformation – Crime After Heinous Crime Was Being Committed – And Nobody Was Getting Arrested – There Had To Be A Plan Here – That Plan Ended Up Being – Collateral Consequences

~ BTSFTUTBCUWACTDWWBETCJM-TWSMACAWWSEAUENTQ ~ But They Somehow Failed To Understand That By Coming Up With A Calculus To Determine Who Was Big Enough And Important Enough To Command Jurisprudential Mercy – They Were Simultaneously Making A Calculation About Who Was Small Enough And Unimportant Enough Not To Qualify

~ TFOPBTPDAECW-AMCFS-IWBMPERLQSM-A-STOTISIAHRAAAB ~ This Failure Of Prosecuturial Backbone Took Place During An Epic Crime Wave – A Massive Criminal Fraud Scheme – In Which Banks Mass-Produced Extremely Risky, Low-Quality Subprime Mortgages – And – Sold Them Off To Institutional Sucker-Investors As Highly Rated AAA Bonds

~ TSWTSLAHPKRATTNPOHBCKTHAW-BTITABTD-TREDBOPREVIHT-AD-E ~ The Situation Was Tenable So Long As Housing Prices Kept Rising And These Teeming New Populations Of Home Borrowers Could Keep Their Heads Above Water – But The Instant The Arrow Began Tilting Downward – This Rapidly Expanding Death-Balloon Of Phony Real Estate Value Inevitably Had To – And Did – Explode

~ OTBB-WBE-NEMFCIAHCTPITEF-TWTVDOSC ~ Once The Bubble Burst – Whistle-Blowers Emerged – Nearly Every Major Financial Company In America Had Chosen To Participate In This Enormous Fraud – It Was The Very Definition Of Systemic Corruption

~ DWLLMOE-ANWACTTCWETWCP-WWLMSOW-BTOFISP-AICTLROTNFPTPTSOSFOTRFNO ~ Despite What Looked Like Mountains Of Evidence – Almost Nobody With Any Connection To The Crisis Was Even Threatened With Criminal Prosecution – We Were Letting Major Systemic Offenders Walk – Bypassing The Opportunity For Important Symbolic Prosecutions – And Instead Committing The Limited Resources Of The Nation’s Financial Police To Putting The Smallest Of Small Fry On The Rack For Negligible Offenses

~ TAO-CC-SDRTWSAR-TWAAGSSOTEPIAANC ~ The Architects Of – Collateral Consequences – Seemingly Didn’t Realize They Were Starting A Revolution – They Were Accelerating A Government-Sponsored Sorting Of The Entire Population Into Arrestable And Nonarrestable Classes

~ TBAT-LBODFDC-WMFTCO-ARS-TMMFBTTOB-LRMWMOAGS-HTCAOC-TOPWAS-ABF~ The Bank Admitted To – Laundering Billions Of Dollars For Drug Cartels – Washing Money For Terrorist-Connected Organizations – Allowing Rogue States – To Move Money Freely By The The Tens Of Billions – Letting Russian Mobsters Wash Money On A Grand Scale – Helping Tax Cheats And Other Crooks – The Only Penalty Was A Settlement – A Big Fine

~ PTBFSE-WTTRGIR-T-LIBOR-CFNEPITWWHMOBOSA ~ Probably The Biggest Financial Scandal Ever – Working Together To Rig Global Interest Rates – Through – London Interbank Offered Rate – Consequences For Nearly Every Person In The World Who Has Money Or Buys Or Sells Anything – A $1.5 Billion Fine

~ TLISTBAUEAB-T-SC ~ The Law Isn’t Supposed To Be About Unspoken Excuses And Behind-The-Scenes Calculations

~ TUPDL-‘U’&’I’-DRA-IML-ABIM ~ The Usual Political Descriptors Like – “Unfairness” And “Injustice” – Don’t Really Apply – It’s More Like A Breakdown Into Madness

~ ‘OPT’-AFSOTS-LMWP-IHNIYCBAFSAT ~ “Obstructing Pedestrian Traffic” – Arrested For Standing On The Sidewalk – Like Most White People – I Had No Idea You Could Be Arrested For Such A Thing

~ UTACDTD-ITW-TPCAYFJAA ~ Ultimately This All Comes Down To Discretion – If They Want – The Police Can Arrest You For Just About Anything

~ TGBRYNHO ~ The Greatest Bank Robbery You Never Heard Of

~ IWTPTFCC-SBISTIWPITTNE ~ It Was The Perfect Twenty-First-Century Crime – So Broad In Scale That It Was Practically Invisible To The Naked Eye

~ F-HBOTWOTD-T-STTABB-BODWQM-OOTRO-C ~ First – Hefty Bonuses On The Way Out The Door – Then – Sold Themselves To Another Big Bank – Billions Of Dollars Were Quietly Moved – Out Of The Reach Of – Creditors

~ TODWBGATPKGBABED ~ Trillions Of Dollars Were Being Gambled And The Pots Kept Getting Bigger And Bigger Every Day

~ TDTGAWSWOTW-WUITRAPC-TAIAPOBS-E-AFMOWSATUSG ~ The Deals The Government And Wall Street Worked Out That Weekend – Were Unprecedented In Their Reach And Political Consequence – Transforming America Into A Permanent Oligarchical Bailout State – Essentially – A Formal Merger Of Wall Street And The U.S. Government

~ EDOWSMI-SEB&R-BTOTTAOSAAITTDFNITCC ~ Every Day On Wall Street Money Is – Stolen, Embezzled, Burgled, And Robbed – But The Mechanism Of These Thefts Are Often So Arcane And Idiosyncratic That They Don’t Fit Neatly Into The Criminal Code

~ WKTPP-APTMU-ITCOTB-AMSCADAITICPEVM ~ What Keeps The Poor Poor – And Pushes The Money Upward – Is The Complexity Of The Bureaucracy – A Maze So Complex And Dispiriting And Irrational That It Can’t Possibly Even Be Mapped

~ ATFC-ALOLLTT-O&O-Y-BTH-B-NOTBTWC-NTSH-MA ~ About The Financial Crisis – A Legend Our Leaders Like To Tell – Over And Over – Yes – Bad Things Happened – But – None Of Those Bad Things Were Crimes – Nothing To See Here – Move Along

~ ITLIAUE-OALEPOT-ASP-LEBPI-WCOAB-IIMU-WHTBRCTTPN ~ If The Law Is Applied Unequally Enough – Over A Long Enough Period Of Time – At Some Point – Law Enforcement Becomes Politically Illegitimate – Whole Classes Of Arrests Become – Illegal, Improper, Morally Unenforceable – We Have To Be Really Close To That Point Now

~ TISJEETEHOMOEBODIP-B-SNQEETFAITDSMASDIJ ~ There Is Somehow Just Enough Evidence To Extract Hundreds Of Millions Or Even Billions Of Dollars In Penalties – But – Somehow Not Quite Enough Evidence To Force Any Individual To Do So Much As A Day In Jail

~ RPWGATBG-NM-HWP-IF-TBOTWTOAVEWWIALS ~ Real Police Will Go After The Bad Guy – No Matter – How Well Protected – In Fact – The Best Of Them Will Take On A Villain Even When Winning Is A Long Shot

~ TVEITALS-INATAABD-BIRE ~ There’s Value Even In Trying And Losing Sometimes – It’s Not As Tangible As A Billion Dollars But It’s Real Enough

EDWARD BERNAYS ~ PROPAGANDA ~ 1928

~ IWNU-1915-TGFSDTEROMMTRTPTFA-MEATPOAGB-TOWMTVM-ATSMOTWATPII ~ It Was Not Until 1915 That Governments First Systematically Deployed The Entire Range Of Modern Media To Rouse Their Populations To Fanatical Assent – Mass Enthusiasm At The Prospect Of A Global Brawl – That Otherwise Would Mystify Those Very Masses – And That Shattered Most Of Those Who Actually Took Part In It

~ N’PO’SOAAFTMBM-ANTCG-BBETTDTAIJ ~ Now “Public Opinion” Stood Out As A Force That Must Be Managed – And Not Through Clever Guesswork – But By Experts Trained To Do That All-Important Job

~ TGAC-SLSP-TBGOAAP-NLCHBP-STTTBB ~ The Great Allied Campaign – Suddenly Legitimized Such Propagandists – The Reborn Generation Of Admen And Publicists – No Longer Common Hucksters But Professionals – Sold Their Talents To Big Business

~ ‘TMOC’-ANTTPS ~ “The Manufacture Of Consent” – A Necessity Throughout The Public Sphere

~ WAG-AMM-OTF-OIS-TISAVACEFOTCOMITIOSPOCOI ~ We Are Governed – Our Minds Molded – Our Tastes Formed – Our Ideas Suggested – There Is Consequently A Vast And Continuous Effort Going On To Capture Our Minds In The Interest Of Some Policy Or Commodity Or Idea

~ YW-IAI-PIGOBDUTMOTCU-ATCOTIP ~ Yet Whether – In Any Instance – Propaganda Is Good Or Bad Depends Upon The Merit Of The Cause Urged – And The Correctness Of The Information Published

~ TETWPSTPOAAUMSEWIP ~ The Extent To Which Propaganda Shapes The Progress Of Affairs About Us May Surprise Even Well Informed Persons

~ MPIAYFFBAESATMOHMABNMAR ~ Mass Psychology Is As Yet Far From Being An Exact Science And The Mysteries Of Human Motivation Are By No Means All Revealed

~ IYCITL-EWOWTCC-YAITGWTW ~ If You Can Influence The Leaders – Either With Or Without Their Conscious Cooperation – You Automatically Influence The Group Which They Sway

~ GM-IFIIUTFTEOATL ~ Group Mind – Its First Impulse Is Usually To Follow The Example Of A Trusted Leader

~ BWTEOTLINAH-ATHMTFI-IDSBMO-C-PW-I-WSFAWGOIOE ~ But When The Example Of The Leader Is Not At Hand – And The Herd Must Think For Itself – It Does So By Means Of – Cliches – Pat Words – Images – Which Stand For A Whole Group Of Ideas Or Experiences

~ BPUAOC-OMANO-TPCSSAWMOGE ~ By Playing Upon A Old Cliche – Or Manipulating A New One – The Propagandist Can Sometimes Swing A Whole Mass Of Group Emotions

~ HDATSWMTSMW-OBUTCTPCTVLJMWIMS ~ Human Desires Are The Steam Which Makes The Social Machine Work – Only By Understanding Them Can The Propagandist Control That Vast, Loose-Jointed Mechanism Which Is Modern Society

~ TL-WLTATAPC-WDSOITCBMTTTOI ~ The Leaders – Who Lend Their Authority To Any Propaganda Campaign – Will Do So Only If It Can Be Made To Touch Their Own Interests

~ AMECBMTAEIBEITPMAAMOS ~ A Minor Element Can Be Made To Assume Economic Importance By Being Established In The Public Mind As A Matter Of Style

~ EAAMBCIOTPIIC ~ Events And Activities Must Be Created In Order To Put Ideas Into Circulation

~ EOWPPOWTTPCS-ETPIS-CBUIOWOA ~ Every Object Which Presents Pictures Or Words That The Public Can See – Everything That Presents Intelligible Sounds – Can Be Utilized In One Way Or Another

~IWBO-OC-TWTTDIAIMBOTTP-IWN-TOPWWETTWIATWBMSAI-IPTIUOU ~ It Will Be Objected – Of Course – That Propaganda Will Tend To Defeat Itself As Its Mechanism Becomes Obvious To The Public – It Will Not – The Only Propaganda Which Will Ever Tend To Weaken Itself As The World Becomes More Sophisticated And Intelligent – Is Propaganda That Is Untrue Or Unsocial

~ KTGIATPATPIATG ~ Keep The Government Informed About The Public And The Public Informed About The Government

~ TAMPITGUCOPITWT-IIAGDFIAO ~ The American Motion Picture Is The Greatest Unconscious Carrier Of Propaganda In The World Today – It Is A Great Distributor For Ideas And Opinions

~ ITPIBIATPOIL-IWBSMTMRTRATIOI ~ If The Public Is Better Informed About The Processes Of Its Life – It Will Be So Much The More Receptive To Reasonable Appeals To Its Own Interests

~ ITPBMIIICD-CFWMTNS ~ If The Public Becomes More Intelligent In Its Commercial Demands – Commercial Firms Will Meet The New Standards