Showing posts with label regulation. Show all posts
Showing posts with label regulation. Show all posts

Saturday, June 19, 2010

Are Memes dangerous to humans?

Memes are those meaningful elements found in the members of a superorganic entity. They act like genes do in an organic entity to determine what the individual will look like and how they will act. Memes can be beneficial such "altruism" or they can be deleterious such as "suicidal".

In the current Deep Water Horizon disaster, where lives have been lost, careers and businesses ruined, the environment and way of life of the Gulf Coast threaten with permanent lose, we find that there is a meme which causes its infected host to be blind to the meaning and impact of the situation.

Here is an example of a politician infected by the meme "corporate capitalism." Ask yourself. "Is this politician's meme infection dangerous to the health and welfare of human beings and nature?" Or "Is it an example of a predatory parasitic meme blinding a good descent human being to the reality of his position?"




We can see from Rep. Joe Barton's statement that the "corporate capitalism" meme has lead to a misappropriate application of the "shakedown" meme in his speech. This lead to a behavioral reaction -- that of applying the "apology" meme inappropriately. The "apology" meme is normally applied by the guilty party to ask for forgiveness from the harmed party. In this case, Rep. Barton displays a pathological misunderstanding of the "apology" meme as it applies to this situation. This is evidence of how memes can be dangerous to human beings.

Friday, March 5, 2010

Financial Engineering as the wave of future for the Superorganic evolution

This is an NSF (National Science Foundation) sponsored lecture by Doctor Andrew Lo of MIT in which he attempts to explain the technology behind the financial crisis of 2007 - 2009. He addresses the issue of who or what was responsible. His conclusions are that it was the free market and human behavior which ultimately brought about the crisis. The technology of modern financial engineering has created products which are far more complex than the systems designed to regulate and control these markets could adapt to in a timely manner. That is, success in regulating these instruments requires perfect timely in a perfect free market by totally rational human actors, none of which exists.

Financial systems are super organic systems. They exist and operate at the societal level. As social systems they are beyond the control of single individual actors. They depend on the coordinated actions of many moving parts and the perfect synchronization of all elements in the process to achieve the 'engineered" outcome. These action turn out to be the parts in an imperfect free market being synchronized by poorly prepared and integrated human actors.

While Dr. Lo's lecture deals with rather complex issues, his presentation is geared to an informed, but not necessarily technically trained, audience. His presentation style, illustrated with simple PowerPoint slides, is understandable and enjoyable.


Are Mathematical Models the Cause for Financial Crisis in the Global Economy? from jojimbo on Vimeo.