When you or I seek out evidence to back up our existing beliefs and ignore the evidence that shows we're wrong, it's called "confirmation bias." 1/
It's a well-understood phenomenon that none of us are immune to, and thoughtful people put a lot of effort into countering it in themselves. 2/
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I fell in love with computers in the mid-1970s, starting when I was six and my dad brought home a teletype that could connect to his university's mainframe with an acoustic coupler - a kind of proto-modem with a cradle that fit our kitchen's rotary-dial phone handset. 1/
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The next phase was the CARDIAC, a cardboard computer that you punched out, assembled and operated, following instructions to move counters around registers and solve simple computation problems:
The world's economy ground to a halt during the pandemic as millions died, production slowed or stopped altogether, and the resulting supply chain disruptions made many essential products and services impossible to deliver. 1/
And yet, the world's billionaires added $5.5b to their net worth during that time.
Thank "financialization," the subordination of the real economy - the economy that makes and delivers the things we need - to the financial economy, a global high-stakes casino where wanton destruction of businesses and lives can be a path to unimaginable wealth and power. 3/