Posts Tagged ‘social media’

From Wealth of Nations to Wealth of Data

September 2, 2019

Our Declaration of Independence is not the only hallmark document of the year 1776.

There was another one: Adam Smith’s Wealth of Nations, which Wikipedia refers to as a magnum opus.

Magnum opus means pretty doggone important idea, as the multilectic development of our dialectical ideas shape  history.

Smith’s groundbreaking insights propelled our modernizing world into the age of Economics, a new time when the effects of money and industrial productivity began to channel human culture in ways that outweighed traditional institutions.

The Church, the Royals, such ancient paths of power were, in the long run of history, outmoded by the power of the buck.

Freedom to gather wealth was being distributed widely among new, rising enterprisers in society, instead of being controlled by the purse of the Popes or the money of the Monarchs.

Now the tide is turning again, in a major way.

But it’s turning back the other way.

Oh, not back to the Church or the King, but back to another select group—the data mining Social Media.

Now Wealth of Nations morphs to Wealth of Data.

And it seems it happened in the blinking of an eye, so to speak.

All our data that we generate through ubiquitous universal social media gets scooped up and recycled as fodder to generate future wealth, for somebody.

For Whom? Who is gathering the new Wealth of Nations through our electronic and wifi conduits of the Wealth of Data?

Robber barons, monopolists, capitalists, opportunists, daytraders, speculators, hedgefunders, algorithmists, hackers, gamblers, midnight ramblers?

Future wealth, for somebody. . . for whomever is using the data as a field for harvest —to skim new wealth, through  their privileged knowledge of out trendy, predictable human habits. . . our fashions, fetishes, foibles and infamous freedoms.

Freedom to spend, mostly. Especially with all the cardswiping that you see in every spending venue these days.

It’s so easy to spend money nowadays.

Even if you don’t have any!

Using the data streams to  anticipate where the “markets” are headed, where the money’s going . . .those watchful, AI-wielding movers and shakers behind the scenes can know exactly when and where to lower their clickbait nets, and scoop up a big mess of digital debits or financial fish.

“Markets” being the main concentrations of consumer and business wealth that are being spent every day as we live and breathe and spend.

A lot of people are starting to figure this out, about now.

Some have been noticing the profit potentialities for awhile. Others have known from the beginning. They are the ones who have been establishing data-mining as the latest phase of capitalism.

I learned something about this, this morning, when I read Karin Petersson’s report about it on the Social Europe site.

   https://www.socialeurope.eu/politics-in-the-age-of-data

Karin’s opening statement got my attention in a big way.

“It’s impossible to change the world if you don’t understand the forces shaping it.”

That is so true, Karin.

I went on to read her concise treatise, which consisted of an insightful cautionary statement about the three main problems of this data-mining development. I will list those three here, while recommending that you read her article in order to get her thoughts from her article—not mine.

Karin’s list of the three problems:

~~Rage machine

~~Winner takes all

~~Survival of Democracy?

She is calling into question the survivability of democracy in these new social media conditions that have overtaken our way of life.

You should read it.  https://www.socialeurope.eu/politics-in-the-age-of-data

Now I do have something to say about her opening statement:

“It’s impossible to change the world if you don’t understand the forces shaping it.”

So true.

But I confess that my free-thinking mind dropped the KM bomb on me. That is. . . Karl Marx.

. . . not that Karin is a Marxist or anything like that.

My point is that even if you DO understand the forces shaping the world . . . odds are you still can’t change it!

Oh yes, maybe you can make some beneficial contributions, maybe some helpful new ideas, but convincing yourself that you can change the world based on what you know or understand about it . . . that is a dream that will never come true.

Take the Karl himself, and his idea: The factories and businesses of industrial production are owned by a few rich people.  If the regular working people—the proletariat— could take over that means of production and do a fairer job of running it— then society could distribute the wealth in an equitable way. Everybody would have a piece of the pie and we could all live then in an egalitarian commune.

Happily ever after, as they say.

Certainly I am oversimplifying this scenario, but I do it for the sake of simply making this point: You can’t change the world, even if youdo  understand the forces that are shaping it.

My layman’s reading, for instance, of Marx/Engels Communist Manifesto led me to the conclusion that their analysis of capitalism as it was developing in the mid-19th century was, for the most part, accurate!

They predicted, for instance, the alienation that would indeed later take hold of many workers as a result of having to perfoem repetitive production tasks.

So Marx, Engels and others later went on to prescribe a fix for the problem: dictatorship of the proletariat.

When Lenin, Trotsky and others got a hold of this concept they acted on it.

But look what happened. Things got bloody. By the time Stalin got hold of the new development, the formerly fresh thrust of worldwide communism turned into prison gulag.

And it did not recover until the time of Gorbachev, Yeltsin, etc.

That’s one small idea for a man . . . and one giant, very hard lesson learned for mankind.

You can’t change the world, even if you do understand the forces that are changing it.

In the present context of data mining, this principle would perhaps translate to: find a way to regulate the data-miners, but don’t try to take the whole damned machine away from them. This is merely capitalism in its emerging 21st-century form.

DataMining

Neither the technocrats in Brussels, nor the bureaucrats in Washington can stem the tides of history. You just have to regulate those who control the Wealth of Data, insofar as it is Constitutionally  possible, and leave the rest to each individual citizen’s free will and judgement.

The same principle applies, btw, for Climate Change.

Education, for whosoever is willing to learn, is the remedy. Not control. We all need to be convinced to to the right thing.

Life, liberty and pursuit of happiness must be assured for all, in spite of all the data-miners  who lurk behind our keypads, sucking the hot air out of our collective social media balloon.

Glass half-Full

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The Ancient Rime of Pandorro and Zuckaberq

April 12, 2018

Twas many and many millennia ago in a mythos by the sea

that Pandorro opened a magic jar and set the demons free.

For centuries upon centuries the humans attempted to correct

the myriad of maladies that Pandorro’s foolishness did eject.

Every now and then and by ’n by we’d find a way to block ‘em,

but always the little demons would scamper out to unlock ‘em.

By the time the twentieth century rolled onto the world’s time zone

them varmints found copious means to make themselves at home.

Along comes Marco Zuckaburq, some time in the early twenty-first,

flinging myriad platforms for vain fancy faces to they go forth and burst.

With all them billions of faces splattering themselves in cyberspace,

suddenly we had every kind of trolling vulture online in human race.

It all came down on Marco when he got grilled by political critics;

they badgered him  about unleashing all them demon analytics.

Zuckerb

It seems every demon came trolling from Pandora’s ancient blunder;

Faceless faces and drooling trolls came ripping cyberworld asunder.

But let us face the facts of freedom, y’all, far-flung in facebook data.

Every deviant spirit’s now unbound to show its Face sooner or lata.

Glass Chimera

New Robber Barons?

March 24, 2018

Somewhere back there, way back in time, we humans discovered how to make use of fire.

By ’n by, another great development happened. Somebody somewhere started using wheels to transport stuff.

The centuries, the millennia, of time rolled and rolled on and on, passing the past, penetrating the present and ultimately forming our future.

In 1439, Johann Gutenberg’s printing press changed, forever, the development of human writing and literacy.

In 1492, Christopher Columbus discovered the undeveloped Western continents that we now call America.

In 1781, James Watt’s steam engine changed forever the development of industry and technology.

But those advances were only the beginning. They set the stage for further developments.

We Americans got hold of these emerging technologies to convert a 4000-mile-wide continent into a New World. And we did it in a magnitude, and on a quickened time-scale, unprecedented in human history.

In the 1800’s, we Americans found ourselves in the right place at the right time to accomplish the largest expansion of commerce and industry in the history of the world.

As it developed, our Revolution morphed into something far more significant than the merely political implications of our Constitution could indicate.

We grabbed hold of Mr. Watt’s steam engine and proceeded to energize an entire continent. As the great zeitgeist thrust of our westward expansion reached full-steam, pioneers reached dizzying heights of exploration and accomplishment.

But a funny thing happened on our way to unprecedented Progress.

A few very smart guys took charge.  Our great, broad-based 19th-century industrial leap was eventually commandeered by a few very smart, very powerful business leaders.

You’ve probably heard their names: Rockefeller, Carnegie, Vanderbilt, Morgan.

John D. Rockefeller was the “baron” of Railroads

Andrew Carnegie, baron of Steel

Cornelius Vanderbilt, baron of shipping

J. P. Morgan, finance

~ These men were smart enough to identify strategic developments in the expanding industries of their time period.

~ They then acquired manufacturing and/or distribution facilities that ultimately enabled them to assume control of vast swathes of the emerging industries.

~ They were lucky enough to be in the right place at the right time, recognize their advantageous positions, and develop those positions into incredible accomplishments.

These tycoons, through their respective working lives, assembled huge industrial assets by which they ultimately consolidated emerging industries into vast swathes of economic power.

Others followed. From the “inventor” category we find these names that you have probably heard:

~ Edison, electricity

~ Bell, telephone

~ Ford, automobile assembly line

By ’n by, as 20th-century civilization powered its way into history, other pioneers, not quite so high-profile as those already mentioned, blazed new trails of invention and progressive consolidation.

In the areas of merging electricity and telephony, new pioneers built upon the legacy of Edison and Bell. Marconi is the name we associate with radio’s transmission.  On the old Continent, German physicists Eccles and Lillienfeld developed the triode vacuum tube which further enabled emerging electronic communications.

By the 1940’s, scientists Shockley, Bardeen, Brattain at Bell Labs developed the transistor, which enabled solid-state circuitry.

Nanotechnology, Fairchild, Lucent, Intel—brought forth the computer and the IT revolution of latter 20th-century digitized lifestyle . . . which is now morphed into . . .

Eface

Cell phones, tablets, pads, pods, all kinds of miniaturizing, convenience-enabling “devices.”

Social Media.

And as we look back . . . not as far back as the consolidators of the industrializing 19th-century, not quite as far back as those old-time “barons”, Rockefeller, Carnegie, Vanderbilt, Morgan . . .

As we look back at the in-our-lifetime pioneers of IT, who have now become the “barons” of Social Media . . .

Gates, Jobs & Wozniak, Zuckerberg, Page & Brin, Bezos . . .

we find that these men are human, just as we are, human and in some ways faulty, possibly unable to comprehend or anticipate the full consequences of their incredible accomplishments, perhaps culpable in matters of ethical ambiguity, maybe even “guilty” of . . .

“manipulating” people’s profiles, and thus

manipulating people’s lives?

Shall we now accuse them of being power-trippers? Will we judge them as predatory opportunists? Will we call into question their integrity, will we revise our hind-sighted historical assessments of them, as some have judged the barons of a former Era to be “robber barons?”

Zuckerberg a robber baron? I don’t think so.

Give the man a break. He has apologized.

He has done all you guys a favor! by presenting your pretty face to the the runways of this world. Everybody gets their fifteen minutes . . .

or fifteen likes, or 1500 likes, whatevuh

As for me, I don’t do Facebook . . .   well maybe every now and then.

Glass Chimera