Lately I’ve found myself making an observation about the modern political left–it has a tendency to fall into a rather unbecoming technophobia. On a slew of issues, from guns to drones to surveillance to GMO food to nuclear power, there is an increasing tendency for people on the left to attack the new technologies themselves instead of any specific use or consequence thereof.
Tag: Technology
Resisting Stagnation and the New Dark Age
There’s a lot of talk lately by Summers, Krugman, and others that we may be in a period of secular stagnation, in which the rate at which the economy grows in the wealthiest countries falls substantially and permanently. Observing this, some are quick to point to demography as the cause. If populations are not growing as swiftly as they once did, it would indeed make sense that growth rates would fall. Under this thinking, slower growth isn’t a problem, because per capita growth is theoretically still strong–the economy is growing slower in aggregate, but it’s growing at the same speed relative to the size of the population. The trouble is that on further investigation, the demographic explanation does not sufficiently account for what’s going on. Not only are growth rates slowing, but per capita growth rates are slowing, and have been slowing for a while, beginning far before the recent economic crisis. This throws Kurzweil’s theory of accelerating returns into doubt, and undermines the central precept underlying our capitalist society–that the labors of this generation today are meant to make the next generation’s lives go better. If stagnation is the way of the future, it’s a much more serious problem than we presently recognize, one that ultimately threatens not merely our dreams of better lives for ourselves, but the very stability of our civilization.
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In Defense of Summer Vacation
Every year I find myself reading some number of articles calling for an end to summer vacation–the practice of giving kids a summer break from school. The argument is typically made with an appeal to the the “summer learning loss” or “summer slide”, the tendency for kids to learn less during the summer than they do while in school, or even to regress academically. Adding further fuel to the argument is the tendency for the achievement gap, the difference in academic performance between higher and lower income students, to expand during the summer months. Opponents of summer vacation deem it an anachronism from a more rural, less air-conditioned age, and think we ought to do away with it altogether. Today, I seek to challenge these views.
First World Problems
Today I had an old thought, half-forgotten, about the popular first world problems internet meme. For those of you who are unfamiliar with “first world problems”, it is type of internet joke in which a problem or complaint is dismissed as trivial due to its exclusivity to people living in developed countries. It’s funny, but there’s something that has been eating at me about it. Continue reading “First World Problems”
Rise of the Machines: The Robot Economy of the Future
My attention has been drawn to a rather interesting phenomenon by Paul Krugman–that of a gradual shift in the distribution of wealth from labour to capital. As a percentage of the economic total, workers are earning less and less over time, and more and more of our output is landing in the hands of people who own capital–the land, the buildings, the tools, the machines that make things tick. This has interesting implications, and, if I might be permitted to speculate today, those implications may demand changes in how we view what we produce.
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Benjamin Studebaker 