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Steve Faktor Profile picture
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29 Jun, 5 tweets, 2 min read
It's wild that 800K voters decide who's mayor of a city of 8.4M.

Since there's no viable opposition party in NYC, the Democratic primary is the election.

What if @KGforNYC and/or @AndrewYang decided to mount a GOP or 3rd party campaign for November...?
gothamist.com/news/first-uno…
Bloomberg did this. His first win was as a Republican, then Democrat, then Independent. Some of his people are working w/Andrew Yang, so it's not inconceivable.

I'd say this shuts the door to a future in the Democratic party, but so does being an outsider or becoming NYC mayor.
For the record, I supported Yang.

And, I wouldn't mind making my prediction come true...

Incidentally, 800K is the total number of votes cast. The likely winner will have a small plurality of several hundred thousand total votes and majority of 20K or less. Wild

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More from @ideafaktory

Steve Faktor Profile picture
27 Jun
MUSIC & INFLUENCE

Ever wonder how strange it is that most music that shapes our lives was written by 20-somethings?

An age that's decades before creatives truly develop a distinctive voice & depth of experience.

So why is this the case?

A hypothesis in 4 parts...
4 reasons most impactful music is created by 20-somethings

1) Selection
2) Genius
3) Universality
4) Consumption age

1) Selection: the arts are brutal careers, esp. music. Odds of success, tiny. If you don't make it by your late 20's, you age out of young fans who control cool.
2) Genius: The people who do succeed are likely to be standouts, if not geniuses. If not as songwriters, then performers or determined success-seekers. They have an unstoppable quality that will break through quickly.
Read 6 tweets
Steve Faktor Profile picture
18 Jun
This is not how innovation works.

Looking at # of transistors (Moore's Law) or crop yields is linear and ignores the networked, ecosystem-driven nature of innovation.

Short thread responding to this research.

1/9
mattsclancy.substack.com/p/innovation-g…
Yes it's true, most technologies plateau. We've seen that w/smartphones, computers, apps & all consumer tech.

Similarly, entire industries plateau & consolidate. How often do you think about your electricity or water supplier?

These become platforms on which others build.

2/9
Innovators move on to surrounding challenges. Take water for example. They figure out better filtration methods, taste for drinking, ways to economize for showers, flushing or lawn care.

But looking at water supply companies won't give you that data.

3/9
Read 10 tweets
Steve Faktor Profile picture
5 May
This is a harbinger of things to come, some already here.

On the surface, Epicurious eliminating beef recipes is like when CVS stopped selling cigarettes, cutting off some recurring (addicted) foot traffic.

Just a calculated business decision?

No.
👇🏼
nationalobserver.com/2021/05/05/opi…
Whatever you think of the urgency of climate change, the best solutions, or effectiveness of this specific move (⬇️ beef), this move is the product of powerful climate narratives manifested in the real world by adherents (Epicurious employees/mgmt).

This is just the start.

2/5
I suspect it's just a matter of time before Google adjusts its algorithms to make finding beef recipes as hard as they did to find funny photos of portly people (to make fun of myself).

3/5
Read 7 tweets
Steve Faktor Profile picture
4 May
Top 5 reasons educated people crave indefinite lockdowns:
40% Education=conformity, not critical thought
30% Valid excuse for failure
20% Politics as religion
5% Get off on controlling others
5% Self interest, live how/where you want, skip work (teachers)
theatlantic.com/politics/archi…
Education=conformity, not critical thought
Valid excuse for failure
Read 7 tweets
Steve Faktor Profile picture
13 Apr
THE NEW ERA OF DATA INEQUALITY

"Data wants to be free."

...is a common but silly trope.

Data was briefly liberated by bad decisions of analog companies navigating the .com boom.

Now, #data returns to its native protected state. (And not for the best.)

A thread... Image
First let's start with data itself. It has no ambitions or aspirations. It doesn't want to go to college or have a baby by age 30. Data's "desires" are those of its creators, purveyors & consumers.

Offline, there are few private sector examples of free information because of friction & cost.

Even online, most "free" data is used to sell something.

"Free" services sell our data or monetize our attention.

And Wikipedia relies on patronage by people & companies.
Read 11 tweets
Steve Faktor Profile picture
4 Apr
Officially, inflation is 1.5%, below the Fed's 2% target.

In reality, some assets, esp financial ones & homes, are ballooning, as are some cherry-picked commodities, but not the overall commodities index.

What's going on...?
👇 ImageImage
There are several ways govt measures CPI (Consumer Price Index), which is the price of a "basket" of goods tracked across time.
bls.gov/cpi/overview.h…

The official calculation is controversial because it excludes energy & food. There's also lots of issues w/housing calculation.
Also, there was a secret bipartisan effort in the 80's to underreport inflation & lower official CPI as a stealth cut to entitlements (social security, medicare, medicaid), which are tied to inflation.

You can hear @EricRWeinstein discuss this on his latest @joerogan appearance.
Read 13 tweets

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