Tag: Finance and Economy

This is really interesting on a number of levels. I don’t want to cast doubt on the value of the project or the motivations underlying it, but I think there are important questions to be asked about the increasing weight placed on the diffusion of coding skills as a way to ameliorate inequality: >#YesWeCode (http://www.yeswecode.org) […]

Reluctantly cut from my paper on the Sociology of the Digital Archive: any thoughts appreciated. This is a tentative first sketch at where my current project will be leading after the ‘distraction’ and the ‘fragile movements’ phase:  It has been frequently suggested that this digitalization represents a removal of constraint: on production, on organization, on […]

From The Boy Who Could Change The World: The Writings of Aaron Swartz, loc 309. He’s talking about the semantic web but what he’s saying could easily be applied to much of social media: So, uh, here’s the plan:  1. Collect data  2. ???????  3. PROFIT!!!

A really enticing analysis by Evgeny Morozov of the “eventual depoliticization of extremely political and contentious issues by wrapping them up in the empty, futuristic language of technology and innovation”. Silicon Valley increasingly dominates the discursive representation of our global future, with the amelioration of social problems limited to a technologically-driven intensification of consumption: Like […]

From Rise of the Robots, by Martin Ford, loc 1053-1069: Virtually all of the financial innovations that have arisen in recent decades—including, for example, collateralized debt obligations (CDOs) and exotic financial derivatives—would not have been possible without access to powerful computers. Likewise, automated trading algorithms are now responsible for nearly two-thirds of stock market trades, […]

There’s an interesting section of In The Plex which details quite how much Microsoft’s Steve Ballmer hated Google. From pg 282-283: Just how intensely Microsoft’s CEO, Steve Ballmer, despised his competitor to the south became clear in depositions that would be filed in the Lee lawsuit. The year before, in November 2004, a top Microsoft […]

In The New Ruthless Economy, by Simon Head, there’s a great discussion of the expansion of bureaucracy in American healthcare. From loc 1728-1737: Between 1968 and 1993, the number of managers and administrators tors in U.S. health care rose fourfold from 719,000 to 2,792,000, outstripping the growth in the number of physicians, which less than […]

From Other People’s Money, by John Kay, loc 310: Larry Summers (of ketchup economics) described the transformation in this way: ‘In the last 30 years the field of investment banking had been transformed from a field that was dominated by people who were good at meeting clients at the nineteenth hole, to people who were […]

From Other People’s Money, by John Kay, loc 244: I was a schoolboy in Edinburgh in the 1960s. The capital of Scotland is Britain’s second financial centre and was the headquarters of two major banks, the Bank of Scotland and the Royal Bank of Scotland. Banking was then a career for boys whose grades were […]