New research shows that the fear of smart phones and social media was built on a castle made of sand. Turns out almost all of previous research never bothered to validate their assessments of smart phone use – and that appears to have been a HUGE mistake.
The list of small-person or one-person innovators is long…[long list follows]…
The reason so few people can have such an outsize impact, Andreessen argues, is that when you’re creating a weird new prototype of an app, the mental castle building is most efficiently done inside one or two isolated brains. The 10X productivity comes from being in the zone and staying there and from having a remarkable ability to visualize a complex architecture. “If they’re physical capable of staying awake, they can get really far,” he says. “The limits are awake time. It takes you two hours to get the whole thing loaded into your head, and then you get like 10 or 12 or 14 hours where you can function at that level.” The 10Xers he has known also tend to be “systems thinkers,” insatiably curious about every part of the technology stack, from the way currents flow in computer processors to the latency of touchscreen button presses. “It’s some combination of curiosity, drive, and the need to understand. They find it intolerable if they don’t understand some part of how the system works.”
The subtitle is The Making of a New Tribe and the Remaking of the World, I enjoyed the book very much, you can order it here.
Mark [Lutter] has a PhD in Economics from George Mason, but don’t let that fool you into thinking he’s conventional.
Here is the full bit:
Mark Lutter (29) and Tamara Winter (23), United States
Mark and Tamara are building charter cities — a concept where cities are governed by their own charter rather than general law. Imagine a world with dozens of new cities, each with their own distinct style, governance and populace. Mark and Tamara are working to make that vibrant future a reality.
Noteworthy: Mark has a PhD in Economics from George Mason, but don’t let that fool you into thinking he’s conventional. He’s a disagreeable, life-long adventurer. He decided to do his own thing after questioning the profit share in his previous company. He moved to Honduras while it was the murder capital of the world. Now he’s stumbling through Africa looking for city settlers.
They are part of the third cohort of Pioneer winners, congrats to Justin Zheng too and all the others, read through the list for some fascinating ideas and projects to come. Tamara is a Mercatus alum, follow her here on Twitter, here is Mark. Here is their institutional website. Here is various information about Pioneer — apply!
Amazon has now joined other companies navigating the line between doing business and censoring it, in an age when, experts say, misleading claims about health and science have a real impact on public health.
NBC News recently reported that Amazon was pulling books touting false information about autism “cures” and vaccines. The e-commerce giant confirmed Monday to The Washington Post that several books are no longer available, but it would not release more specific information.
I cannot say I am entirely happy about that (grossly underreported) development. Here is the full WaPo story by Lindsey Beyer.
It seems to me that the new, pending reconfiguration of Facebook will bring much more user privacy, most significantly from the forthcoming integration of all of the Facebook messenging services. More concretely, WhatsApp is way better than Facebook Messenger as it stands, so why not make Messenger more like WhatsApp?
In some ways this will mean considerable sacrifice for the company. Facebook has been pushing through this plan for general, end-to-end encryption, even though one of the top product people at the company just resigned for exactly this reason, a very real loss to the building process.
There are inevitable trade-offs between “ability to control messages,” and “promoting user privacy.” In the longer run I think company control of messages does not face objective standards that can command social consensus, or for that matter survive competition from less salubrious and less mainstream alternatives. I fear also that company control of messages will evolve all too suddenly into government control, First Amendment or not. Even with a non-activist government, a large and publicly visible company cannot help but look over its shoulder, and consider the possible regulatory or antitrust reaction from the government, when making post/not post decisions.
General encryption and thus user privacy is the right way to go. Of course there will be public relations bumps along the way, and probably today we are seeing one of them, namely the personnel shifts. Facebook and Mark Zuckerberg are currently in a kind of PR trap where any decision, any announcement, can and will be taken the wrong way and as a sign that some value or another simply isn’t being served the proper way. We all know that negative news typically has more clicks and longer legs than positive news. But if you’ve been talking about user privacy, I think this is a decision you have to favor.
You can debate whether there should be one, two, or three cheers here, but the actual reality is we are taking some pretty big steps toward truly private internet social media.
No, there isn’t much evidence for that now-common claim:
As I show below, the claim that big business contributed to the rise of the Nazi Party is simply inconsistent with the consensus among German historians. While there is some evidence industrial concentration contributed in Hitler’s ability to consolidate power after he was appointed chancellor in 1933, there is no evidence monopolists financed Hitler’s rise to power, and ample evidence showing industry leaders opposed his ascent.
Here is the longer essay, with much more additional detail, from the soon-to-be-better-known Alec Stapp.
As always, note that the descriptions are mine and reflect my priorities, as the self-descriptions of the applicants may be broader or slightly different. Here goes:
Michelle Rorich, for her work in economic development and Africa, to be furthered by a bike trip Cairo to Capetown.
Jeffrey C. Huber, to write a book on tech and economic progress from a Christian point of view.
Mayowa Osibodu, building AI programs to preserve endangered languages.
David Forscey, travel grant to look into issues and careers surrounding protection against election fraud.
Jennifer Doleac, Texas A&M, to develop an evidence-based law and economics, crime and punishment podcast.
Fergus McCullough, University of St. Andrews, travel grant to help build a career in law/history/politics/public affairs.
Justin Zheng, a high school student working on biometrics for cryptocurrency.
Kyle Eschen, comedian and magician and entertainer, to work on an initiative for the concept of “steelmanning” arguments.
Here is the first cohort of winners, and here is the second cohort. Here is the underlying philosophy behind Emergent Ventures. Note by the way, if you received an award very recently, you have not been forgotten but rather will show up in the fourth cohort.
Henry Oliver asks:
In what ways are writers and entrepreneurs similar? Why doesn’t publishing have more of a VC structure and attitude? Could authorship be made more productive and better quality with VC in publishing and theatre? Are movies better at this?
Publishing has one feature in common with venture capital, namely that most financed undertakings are failures and the most profitable successes can be hard to predict in advance. Furthermore, publishers are always on the lookout for the soon-to-be-hot, hitherto unpublished author, the next Mark Zuckerberg so to speak. And books, like software and also successful social networks, are rapidly scalable. You can sell millions with a big hit. But here are a few differences:
1. A lot of VC is person-focused. The VC company builds a relationship with a young talent, and in some cases the hope is that the second or third business makes it, or that the person can be steered in the proper direction early on. Authors, in contrast, are more mobile across publishers, and the publisher usually is buying “a book” rather than “a relationship with the author.” Some wags would say that a publisher is buying a title, a cover, and the author’s social media presence.
2. Entrepreneurs commonly have more than one VC, but authors, for a single book, do not have multiple publishers.
3. For the vast majority of books which do not make a profit, this is evident within the first three weeks of release or perhaps before release altogether. The publisher may drop its resource commitment to the author very quickly, and even yank the PR people off the case. This further loosens the bond between the talent (the author) and the funders of the talent (the publisher). In contrast, VC rounds can last five or ten years, with commitments made in advance and possibly a board seat as part of the deal.
4. Venture capitalists will introduce their entrepreneurs to an entire network of supporting talent and connections. Publishers will edit and advise on a manuscript, but it is much more of an arm’s length relationship, and a publisher might do very little to bring an author into any kind of network.
5. The major publishing houses are clustered in Manhattan, just as the major venture capitalist firms are clustered in the Bay Area. But the publishers don’t find a pressing need to have their authors living in or near NYC, though for some other reasons that is convenient for the author doing eventual media appearances.
6. Publishers often care a great deal about an author’s preexisting platforms, such as Twitter followers or ability to get on NPR. Venture capitalists realize that a very good product can overcome the lack of initial renown. When Page and Brin started Google, they didn’t, believe it or not, have any Twitter followers at all. In fact, you couldn’t even Google them.
This hypnotist charges half a bitcoin for helping you remember your lost cryptocurrency password…
“If you’ve got, you know, $100,000, $200,000, $300,000 worth of bitcoin in a wallet and you can’t get access to it, there’s a lot of stress there,” he says. “So it’s not just as simple as saying, okay, we’re going to go do a 30-minute hypnosis session and enhance your memory.”
Miller declined to specify the exact number of participants in his bitcoin password recovery program or how much money he’s recovered, citing client confidentiality. However, he says that there are currently “several people” in his program, who are experiencing varying degrees of success.
Generally, a person who created their password more recently will have an easier time unlocking this memory, he says. Likewise, a client who is feeling low stress will have an easier time remembering their password than one under high stress.
Miller is located in Greenville, South Carolina.
For the pointer I thank Nick Glenn.
That is the topic of my latest Bloomberg column, worth reading as an integrated whole. Here is one excerpt:
The stories have so much religious significance that it is easy to miss the embedded tale of technology-led economic growth, similar to what you might find in the work of Adam Smith or even Paul Romer. Adam and Eve eat of “the tree of knowledge, good and evil,” and from that decision an entire series of economic forces are set in motion. Soon thereafter Adam and Eve are tilling the soil, and in their lineage is Tubal-Cain, “who forged every tool of copper and iron.”
Living standards rise throughout the book, and by the end we see the marvels of Egyptian civilization, as experienced and advised by Joseph. The Egyptians have advanced markets in grain, and the logistical and administrative capacities to store grain for up to seven years, helping them to overcome famine risk (for purposes of contrast, the U.S. federal government routinely loses track of assets, weapons, and immigrant children). It is a society of advanced infrastructure, with governance sophisticated enough to support a 20 percent tax rate (Joseph instructs the pharaoh not to raise it higher). Note that in modern America federal spending typically has run just below 20 percent since the mid-1950s.
Arguably you can find a story of quantitative easing in Genesis as well. When silver is hard to come by, perhaps because of deflationary forces, the Egyptian government buys up farmland and compensates the owners with grain.
Most of all, in the Genesis story, the population of the Middle East keeps growing. I’ve known readers who roll their eyes at the lists of names, and the numerous recitations of who begat whom, but that’s the Bible’s way of telling us that progress is underway. Neither land nor food supplies prove to be the binding constraints for population growth, unlike the much later canonical classical economics models of Malthus and Ricardo.
There is much more at the link.
Arlington officials say Amazon’s arrival will boost the number of visitors staying in hotels, motels and other lodgings. Starting in June 2019, 15 percent of any increase in its “transient occupancy tax” would go to Amazon, if the company meets specific targets for how much office space the new headquarters facility occupies.
The agreement says Amazon needs to occupy 64,000 square feet of office space by July 31, 2020, in order to qualify for the 15 percent payment. The required amount of space increases to 252,800 square feet by July 31, 2021, and to 5.576 million by July 31, 2034, the last year of incentive payments.
Here is more from WaPo.
When Google conducted a study recently to determine whether the company was underpaying women and members of minority groups, it found that more men than women were receiving less money for doing similar work.
The surprising conclusion to the latest version of the annual study contrasted sharply with the experience of women working in Silicon Valley and in many other industries.
In response to the finding, Google gave $9.7 million in additional compensation to 10,677 employees for this year. Men account for about 69 percent of the company’s work force, but they received a disproportionately higher percentage of the money. The exact number of men who got raises is unclear. [TC: I don’t fully understand the metric here.]
But the study did not tell the whole story of women at Google or in the technology industry more broadly, something that company officials acknowledged.
Pedestrian deaths plummeted from 6,482 to 4,109 from 1990 to 2009, federal figures show.
Fatalities then rose 45% from 2009 to 2017.
Link here. Who is the least cost avoider here? Here is my earlier post on liability and United Airlines. And here is another Coasean parable: “Guy Asks If He’s Wrong To Make Obese Man Pay Him $150 For Taking Up Part Of His Seat On A 5-Hour Flight.”
I don’t (yet?) agree with what is to follow, but it is a model of the world I have been trying to flesh out, if only for the sake of curiosity. Here are the main premises:
1. For a big breakthrough in some area to come, many different favorable inputs had to come together. So the Florentine Renaissance required the discovery of the right artistic materials at the right time (e.g., good tempera, then oil paint), prosperity in Florence, guilds and nobles interested in competing for status with artistic commissions, relative freedom of expression, and so on.
2. To some extent, but not completely, the arrival of those varied inputs is random. Big breakthroughs are thus hard to predict and also hard to control.
3. A breakthrough in one area increases the likelihood that further breakthroughs will come in closely related areas. So if the coming together of the symphony orchestra leads to the work of Mozart and Haydn, that in turn becomes an inspiration and eases the path for later breakthroughs in music, not just Mahler but also The Beatles, compared to say how much it might ease future breakthroughs for painting.
4. Some breakthroughs are very very good for economic growth, such as the Industrial Revolution. But most breakthroughs do not in any direct way boost gdp very much. The Axial age led to the creation of significant religions and intellectual traditions, but the (complex) effects on gdp are mostly lagged and were certainly hard to see at the time.
5. Even if Robert Gordon is right that we will never have a new period of material progress comparable to the early 20th century for improving living standards, the next breakthrough eras still might be very important.
6. One possibility is that the next breakthrough will be some form of brain engineering. People might be much happier and better adjusted, but arguably that could lower measured gdp by boosting “household production” in lieu of market activity. At the very least, gdp figures may not reflect the value of those gains.
7. Another candidate for the next breakthrough would be institutional changes that make ongoing international peace much more likely. That would have some positive effects on gdp in the short run, but its major effects would be in the much longer run, namely the prevention of a very destructive war.
8. Judged by the standards of the last breakthrough, the current/next breakthrough is typically hard to see and understand. It almost always feels like we are failing at progress.
9. When a breakthrough comes, you need to ride it for all it is worth. Arguably you also should embrace the excesses of that breakthrough, not seek to limit them. It is perhaps your only real chance to mine that mother lode of inspiration. So let us hope that Baroque music was “overproduced” in the early to mid 18th century, because after that production opportunities go away. For that reason, “overuse” of the internet and social media today may not be such a bad thing. It is our primary way of exploring all of the potential of that cultural mode, and that mode will at some point be tamed and neutered, just as Baroque music composition is now dormant.
10. Progress in (many forms of) science may be more like progress in Baroque music composition than we comfortably like to think. But I hope not.