Tag Archives: Crowd

The Dysfunctional Nature of the Internet

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The internet is an outdated medium, but still the most modern one we’ve got. It’s a medium supporting the big ones, the ones with money, and preventing the new and little ones from reaching the top. Popularity is valued over relevancy. Fame over creativity. On Google, 58.4% of all the clicks from users go the first three links, the links considered most appropriate by Google. This percentage decreases dramatically when you leave the top three. Number 11 – that is, the site on the top of the second page – receives merely 2.6% of the clicks. Also, links are still the number one factor in the rankings of search engines like Google, MSN and Yahoo!. And an important factor in the valuation of these links is their trustworthiness, with trustworthiness being a notion that is vague, utterly subjective and based on criteria not necessarily enhancing the quality of the information provided.

Each of these factors hinder new, creative and recalcitrant bloggers from receiving the popularity that they – based on the quality of their content – might deserve. The internet, which in fact is Google and some other search engines, is Marxian in a dysfunctional manner. Power structures determine what information does and what information doesn’t reach the “consumer”, the client sitting behind his computer. It’s only when you’re in the bourgeoisie, when you belong the “big guys”, that you will get noticed. If you’re nothing more than a member of the proletariat, you can yell all you want but the power structures will push you down.

But why would this be a problem? And would it even be a problem? Well, it not has to be. It merely indicates that the internet is dominated by a few big corporations and that you, as a blogger, are painfully dependent upon the support of these few big guys. And even this wouldn’t necessarily have to be a problem. Not if these big guys would base their rankings on factors that we – “the consumers” – find most important. We just want to read the information that bests suit our “information needs”. We don’t care whether this information is written by a fat guy or a big shot working at an esteemed newspaper. We just want our wishes to be fulfilled as accurately as possible.

But the truth of the matter is that the internet, as it exists in this 21st century of ours, can’t live up to these requirements. And the reason for this is pretty simple: the internet can’t read our minds. The internet doesn’t know what we are looking for when we type in, “Gay marriage from a Hobbesian perspective”, in Google. The internet merely recognizes the words “Gay marriage” and “Hobbes”. An although Google might come up with articles talking about gay marriage and about Hobbes, it forgets one big thing: the sentiment I’m looking for. I want the internet to provide me with information that suits my feelings, that absolutely fits my deepest – and sometimes even inexpressible – desires. It is merely cold words that the internet is founded upon. Cold words stringed together by links. We cannot blame Google or any other search engine for this. It’s just the way our 21st century technology works. This is the closest we can currently get in satisfying our needs.

I want to pick your brain for a second, and travel with you to the year 2060. In 2060 the internet will be different. It will not be based on written words anymore. It will not depend on how these words match Google’s database anymore. No, in 2060 we can by merely thinking and feeling about what we’re looking for urge Google to find the information that exactly matches our sentiment. Our brain waves will be matched to the “brain wave DNA” of the information that can be found on the internet. No need for links anymore. No domination of the “big few” anymore. Only the pure relevance of information will be judged. This will be an environment for beginning bloggers to thrive in. Released from the “status disadvantage” they currently have. Only the value of one’s content can and will be judged.

But what do you think?

Banning Cars from City Centres: Utopia, Here We Come

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London, New York and Amsterdam: what is the difference between these three cities? Yes, only in the latter you are allowed to smoke pod legally. But that’s not what I mean; I am talking about the use of bikes in the city traffic. Why is that? Well, surely, Amsterdam is (way) smaller than cities like London or New York. And surely, the “infrastructure” – in the sense of the small alleys prevalent in Amsterdam – is more suitable to bikes than cars or any other vehicle. So residents in Amsterdam are more or less forced to travel by bike (if they want to get somewhere on time). But is “the infrastructure” really the main obstacle for cities like London and New York to make the shift to “big time bike riding”? I doubt it.

Let’s focus on London: in 2011 there were 2.5 million cars in London, which is about 9% of the cars in Great Britain. I don’t know if you’ve ever been in London, but let me tell you: a city like that isn’t made for cars: congestion and pollution are two big time (negative consequences) of our compulsive “traveling by car through city centres” behavior. Besides that, in 2009 3227 bikers were killed or seriously injured on London’s roads; not necessarily an alluring prospect for those considering to travel by bike. From 2002 to 2005, an average of 1.1 Dutch bikers was killed per 100 million kilometers cycled. In the United Kingdom and the United States these numbers were respectively 3.6 and 5.8. That’s what you get when roads are filled by big-ass vehicles and only a few of those “annoying, arrogant little bikers”.

But let’s think about it: why would we even allow cars to drive in major cities like London or New York – or Amsterdam for that matter, although I can assure you that there is hardly any driver stupid enough to travel through Amsterdam by car. Imagine what a city like London could look like if all cars were banned from town, if you were only allowed into – the centre – of the city by bike or public transport. What would happen if we’d do that? Probably not as many bikers would be killed in traffic, since it’s very hard for bikers to kill each other in collisions.

“But”, you might say, “what about the old people? You can’t expect them to travel by bike, can you?” True, you can’t. That’s why we can decide to let old people – 65+, or younger if you have got certain handicaps – to travel by bus or metro for free. Just pay some extra tax money to make sure this Utopia becomes a reality. If you would implement these two things – the (1) prohibition of cars travelling through the city centre and (2) using the “space on the roads” to implement bike-friendly, and public transport friendly, structures, I believe you have created yourself a beautiful little solution to deal with the huge amounts of traffic required in a town like London (or New York).

Surely, people will resist this idea: “We’ve always done it this way; travelling by car. Why would you change that?” Well, we’ve indeed always travelled by car, but “in those times” traffic wasn’t so damn crowded; in those times there weren’t so damn many cars driving through our beloved city centres. So it’s time for a change, isn’t it?

But what do you think?

Financial Markets: Keeping Up the Illusion of Confidence

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Financial markets are trading grounds on which not products but ‘packets of confidence‘ are exchanged. Do you dare to face the uncertainty, or do you rather pass the opportunity to some guy more manly than you? Who is the 21th century knight, galloping over the battlefield of fallen companies, always leaving just in time not to get hit by the sweeping sword of bankruptcy, but just long enough to receive the fortune and fame? Who has got the balls to take the risk? That’s the question.

A financial market is a special market. In contrast to ‘normal’ markets – markets at which tangible goods like tables or computers are traded, or services like car-washing and theater – this market is build on top of confidence, or at least the perception of it. Surely, through such things as valuation techniques, financial considerations play a more than average role in deciding whether or not to buy stocks, derivatives, obligations or other financial products. However, just as it is in science, there is always a leap of faith required to take the final step: no matter whether it is in jumping to the conclusion on the basis of data, or making the purchase of a stock based upon a ‘reasonable’ level of confidence. No absolute truths and absolute values exist.

Thus – given that confidence plays such an important role in financial markets – you might expect that regulators overseeing these markets will try to do anything in order to keep this fragile little entity up and running. Just like a friend might gloze over the truth in order to keep you – and therefore himself – happy, so a regulator might tell investors that everything is going according to plan; that there’s nothing to worry about. And although lying might be immoral – according to Kant’s Categorical Imperative at least – that’s exactly what he (the regulator) should do, right? If not, the whole house of cards will collapse; investors become (more) insecure and run away as fast as they can. So you need a Santa Claus kind of figure; someone who, above all, should be trustworthy; someone who, no matter how naughty you have been, will always be there to comfort you. Of course: it wouldn’t mind if he or she would have at least some understanding of financial markets, but that’s just only a bonus (you get it? That was a joke).

So, what would happen if, instead of Santa Claus, you would put a politician in charge of regulating the financial markets? A guy like, let’s say, Jeroen Dijsselbloem? A guy who says that, ‘If the banks can’t do it, then we’ll talk to their shareholders and bondholders, we’ll ask them to contribute in recapitalising the bank, and – if necessary – the uninsured deposit holders.’ Then shit is getting messy, right? The insecure investors, longing for a pat on the back, or at least a little sympathy, start running; like Forrest Gump, the investors get the sign to ‘Run, investors, run!’

Honesty is not appreciated in financial markets, so don’t even try it. Lie as hard as you can. Do everything to keep the rat-race going. Do all that is required to ‘restore the confidence in the financial markets‘; be the 21st century Machiavelli. Don’t listen to the crowd yelling that the banks must bleed for their sins. Just assure that they – the crowd – will get their money back. Illusion leads to confidence, and confidence is king. So lie as hard as you can mister regulators; Go for it!

But what do you think?

The Herd that Is Humanity

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The train station of a big city is the place to be for seeing the human survivor instinct in optima forma. It is here that Thomas Hobbes proofs himself right: humans are indeed selfish by nature. People can seem so friendly, waiting in serene groups for the train to come. But then, when a last minute change in the track is announced, the herd goes mad. It is like the butcher coming to slaughter the last few pigs. Like the shepherd and his golden retriever pushing the crowd onto the road of freedom.

People take themselves and their lives very seriously. When the broadcaster on the train station announces that, two minutes before the planned departure of the train, the track has changed, hundreds of people sigh and mumble, “Why does this always happen to me?” At those moments I always think to myself: isn’t there just as much reason to laugh as there is to whine? I mean: isn’t it awfully funny to see hundreds of people waiting in the cold, desperately nipping of their coffee and smoking their cigarettes, waiting for the train to bring them to the jobs they hate? To see them running back and forth, like monkeys on acid? If we wouldn’t take ourselves so serious, and come to realize that truly no-one cares that we’ll be late for work, or for anything about our lives for that matter, then we might come to enjoy running around like fools, pushing away those other self-centered train-people.

This little illustration captures society in a nutshell. It is always chasing the next big thing that is going to save them, whether this is a train bringing them to their “money making destination” or to an ideology saving the true nature of the human species. This process will repeat itself until society makes up its mind and realizes that the track has changed. And when the track has changed, everyone stands in the front-line, everyone claims to be the one who knew where to go all along, waiting to get punched in the face by the next change in track that is announced.

Let’s face it: we are followers. Although we would like to believe that we came up with things for ourselves, in fact, we have no idea what to do until someone tells us. That goes for marketing as well as for societal movements. But radical changes in society take time. It is not like announcing a change in track. At least, not in a democracy. It is there that societal changes are incremental, behaving like a snowball gathering mass. And when the snowball is big enough, the second biggest snowball will lose its followers and eventually melt down.

The crowd has no reason. It moves according to the whims of its animalistic instincts. Food is food, power is power. Discrimination does not exist in its vocabulary. Merely genuine but unreasonable fear. And it is this fear that drives all of us. It is this fear that makes us go to work every day, even if we don’t want to. It is this fear that fuels envy, making us hate those that are better than us. It is this fear that drives our hunger, the fear to die. And fear goes hand in hand with our human weakness, our vulnerability to Mother Nature’s changes. A little wind and we are gone. A little water and we are dead. A little shacking and our lives will tumble down.

Let’s accept our vulnerability and seek shelter in the irrational source of life fueling the crowd. You want to know what this would look like? Go visit a train station.

But what do you think?