More damning information about Facebook, this time in India. But it's important to understand that this is a VERY fixable problem. The algorithm cannot be simultaneously optimized for FB revenue AND not encouraging extremism. Brief thread: washingtonpost.com/technology/202…
1/ Remember not that long ago in the pre-algorithmic era of social media when your feed was family members and whoever else was in your friend circle / feed, posting content as it happened.
2/ You can still do that on Twitter. Click this little icon and enable "See Latest Tweets". Presto, algo gone. FB doesn't let you do that. You see what their algo wants you to see.
3/ The trouble, as @Moonalice has so articulately explained is that their algo is optimizing for engagement because that drives revenue. And people stay much more engaged with content that leads them down rabbit holes than they do with browsing thru old friend's kid pictures.
4/ Even the most charitable interpretation of all the reporting over these last few weeks is that the smartest, most ethical people at FB don't know how to stop this. They are the ones who tried to dial back some of the settings on these algos but still couldn't stop it.
5/ In other words, the problem is the algorithm. If they are just a "bulletin board" for information as they claim, you don't incite people to do crazy things because most people are not crazy. The crazy gets swamped out by the normal.
6/ But normal doesn't draw eyeballs. And the ad sales department needs to be able to show that users stay plugged in and engaged. So any algo that has a core mission to increase engagement on the platform is also going to amplify the crazy.
7/ That then feeds on itself. An algo that rewards the crazy incentivizes anyone who is seeking to maximize their reach to post crazier content.
8/ This thread will inevitably prove that point. I can guarantee it won't get as much amplification as those from politicians who post videos saying horse medicine is good and posing with unsafely stored firearms and small children in the background.
9/ Meanwhile, anyone managing a SM account who is trying to amplify their view is constantly doing A/B tests to see what content draws the most engagement. Which means that any modification to the algo is "hacked" in real time to continually bias in favor of engagement.
11/ FB as a company is not really that complicated. They sell consumer data. e.g., your personal info. And the price they can charge depends on your engagement on their platform - because the longer you engage, the more data they have to sell.
12/ Like any business, they want to grow revenues and profits. That means maximizing the # of users and maximizing the engagement by each. Their algo is ALWAYS going to reward engagement. And therefore is always going to amplify the crazy.
13/ So that leaves a fairly simple question: would you rather live in a world where the craziest people have the biggest platforms or would you rather live in a world where FB's business model isn't profitable?
14/ If you like CrazyTown, good news. FB has delivered. You'll love the status quo. But if you'd prefer to see thoughtful, sane discourse, even if it comes at the expense of a few FB shareholder dividends... delete the algorithms. And just be a bulletin board. /fin
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As is this: Political leaders can move public opinion. Some politicians use that for good. Some use it for evil. And some say "well, I would love to do X, but my polling says I can't." That third group is unfit to lead. But the 2nd group is culpable.
That said, a politician yelling hatred into the void is one thing. A politician yelling hatred into an FB algorithm that sees someone who engages with it and says "I see you like Mo Brooks. Might I introduce you to the Proud Boys?" is something else entirely.
And now, I bring you a public service announcement to pre-but the arguments that seem to be gaining traction suggesting (falsely) that current gas price volatility is caused by renewables. Buckle up... Thread:
1/ First, the case being made by the fossil shills: Intermittent renewables (read: wind and solar) need balancing capacity on the grid. Only quick ramping, inefficient gas plants can provide that so as Rs are deployed, gas demand goes up and increases price.
2/ That is a real thing and not without it's merits. If that were driving demand, it would be pretty easy to spot in the data, because we'd see rising gas demand. Trouble is, we don't. eia.gov/dnav/ng/hist/n…
Appalachian politicos never really cared about the miners. The proof? Name one who ever complained about the investments in mining productivity. Longwall mining, mountaintop removal all slashed labor requirements/mined ton.
To be clear, rising labor productivity is good to the extent it allows us to create more wealth per labor hour (and subject to making sure that wealth is shared). But you can't celebrate rising productivity in the coal sector and lament it in the larger energy sector.
Coal is a uniquely labor-intensive fuel. The industry has worked hard to cut their labor needs, first through automation, then through bankrupting miner's pensions. But all pushes to lower cost, less labor-intensive energy eventually squeeze out coal as a fuel.
If you care about the planet. If you care about US leadership. If you care about our children. If you care about affordable energy. If you care about our democracy. Then it's time to mobilize. So, so much is at stake. Thread: nytimes.com/2021/10/15/cli…
1/ The CEPP is the most impactful part of the Build Back Better Act from a climate perspective. It puts our electric sector on a path to zero emissions. To take it out is to decide that climate change isn't a problem.
2/ It's also MASSIVE for job creation. Meeting those goals require the construction of ~1000 GW of new power generation in the next decade. That is as much as we already have. Millions of good jobs and economic growth. To take out the CEPP is to give labor the middle finger.
Very thoughtful analysis here on one of the drivers of current natural gas volatility (namely, the increasingly global nature of nat gas markets). A few comments for those who don't want to read the full article.. naturalgasintel.com/lng-growth-sai…
1/ For those who know nothing about natural gas markets other than your monthly bill imagine that you're a cucumber farmer. You can sell cukes for $2/lb at the farmers market in Wheaton or $3/lb at the farmers market in Glen Ellyn. Where do you go?
2/ Not a trick question. Obviously Glen Ellyn. Now imagine that you're a natural gas producer and gas sells for $3/MMBtu at the Henry Hub in Louisiana or $8 at a hub in France. Where would you sell?
Good news from today's report is the unemployment rate is down to 4.8%. Bad news is workforce participation is still stuck at 61.6%, and still substantially limited by access to childcare. We fix this with the Build Back Better Act, childcare tax credits and 2 yrs of free pre-K