@getcallin@mikeeisenberg His book is an interesting parallel between the key readings of the Torah and the very worldly life of venture capitalism...and just modernity more broadly.
Batya's book 'Bad News: How Woke Media is Undermining Democracy' is a look at how media went from a working-class occupation concerned with the economic underdog, to a woke crusade led by elites, for elites.
Helberg's book looks at the information war currently underway between the US and both Russia and China, and how we're failing as an open society to counter our geopolitical opponents.
Wonder if the world is finally ready for my “CDOs are good actually” take.
Have we all healed enough yet?
This was sparked by reading a crypto-hater’s take that crypto was the new CDO as
1. CDOs are bad,
and 2. they somehow went away as crypto will (they did not)
As long as we have sophisticated credit markets, we’ll have CDOs in some form.
What does Wall Street do?
It takes one type of risk that the economy produces and transforms it, via financial engineering, into another type of risk the capital markets actually want.
You’d think those two would be matched, but in a modern economy they often are very much not.
On the one hand, plagiarism is a somewhat legacy sin in a world of remix and retweet culture, and true original authorship was a textual culture convention.
On the other, still kind of stings when someone literally rips your stuff word for word.
Should I bust the person?
Ok, I'm DM'ing to get his side. We are all God's creatures.
@brave For starters, they diagnose 'inefficiency' as one of the problems of digital advertising: the 'wrong' players (GOOG, FB) are winning, and the 'good guys' (NYT, media) are losing.
That's the exact opposite of what happened.
Media becoming *more* efficient--i.e., not being forced to pay NYT's outrageous $10 CPM or whatever--is what killed many media companies. While indeed there's spend lost to middlemen, it's hard to claim inefficiency is what characterizes ad tech vs. the old world of 'rate cards'.
As readers likely know by now, I think the decoupling of information from the movement of matter, bits from atoms, to be the most significant event of the past century.
It's hard to understand now how odd our real-time world really is.
As a historical counter-point, timezones weren't invented until late in the 19th century, and weren't legally required until WWI. Things and information just didn't move fast enough until then that it mattered.
I'm old enough to remember letters, which is how most people communicated over long distances until as recently as the late 90s.
Having our eyes and ears in everyone's pockets (and vice versa) is utterly unprecedented. We're still getting our heads around it.