Attention Economy


Friday, March 18, 2016

Weekend Reading – 3/18/16

Mr. Gelernter, a professor of computer science at Yale, ruminates on humans, consciousness and artificial intelligence in an excellent Saturday essay for the WSJ:
“Most scientists and philosophers identify human thought with rationality, reasoning, logic. Even if they see emotion as important, they rarely see it as central—and even if they do that, they seldom grasp the remarkably simple way that it relates to rational thought and the mind at large. Filling in this gap in our knowledge is dangerous: It moves us a step closer to superhuman robots. But learning is our fate. It’s impossible to stop. Our best bet is to discover all that we can and to move forward with our eyes wide open.

Adam Davidson’s excellent piece on rentier states and modern economies –
“Many economists and political scientists now think that the United States economy has shifted, over the past few decades, toward one in which a higher proportion of the economy comes from so-called rents: Wall Street’s maneuvering through the regulatory process, ‘‘free-trade’’ deals whose thousands of pages of rules wind up proscribing winners and losers. The left, right and center of the economics profession all agree that reducing rent-seeking behavior, and improving overall growth, is essential if we want to ‘‘make America great again.’’
But this descent into a rentier economy would only accelerate with a mentality like Trump’s in the White House. The native-born population of the United States is aging rapidly; without immigrants the nation would quickly face a disastrous level of debt. Middle-class workers may be struggling now in a changing economy, but a clampdown on global trade would only make that worse. Any health care reform that revolved around the president’s ability to ‘‘deal’’ would inherently be one more prone to corruption.”


American Media and the Rise of Trump
Der Spiegel observes:
“Lots of American media outlets, especially large TV stations, have viewed Trump so far as entertainment. No word is too dirty to be put on the air somewhere, and Trump has a screen presence unlike any other candidate. Former Republican House speaker Newt Gingrich described the mechanics of this election to the hosts of "Fox & Friends," a show on the arch-conservative Fox News channel thusly: "Donald Trump gets up in the morning, tweets to the entire planet at no cost, picks up the phone, calls you, has a great conversation for about eight minutes, which would have cost him a ton in commercial money, and meanwhile his opponents are all out there trying to raise the money to run an ad." Of the show, which long offered Trump a regular platform, Gingrich said: "You could say that Trump is the candidate 'Fox & Friends' invented."
A power dynamic of superiority and subordination has emerged with Trump and some journalists that should not exist in a democracy.”


Kevin D. Williamson’s controversial take on the American working-class angst [published in conservative magazine National Review]
http://www.nationalreview.com/article/432876/donald-trump-white-working-class-dysfunction-real-opportunity-needed-not-trump