THE BEADY EYE SAY’S: THE NEW TYPE OF NON- CONSCIOUS INTELLIGENCE DRIVEN BY NON-CONSCIOUS ALGORITHMS IS GOING TO DESTROY WHAT IS LEFT OF DECENCY IN THE WORLD. (Guest post an unknown source.)

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( A six-minute read)

The idea that humans will always have a unique ability beyond the reach of non-conscious algorithms is just wishful thinking.

The fact is, as time goes by it will be easier and easier to replace humans with computer algorithms, not because they are getting smarter and smarter but because humans are professionalising.

One would have to say are we all such naive bonkers that we are going to allow algorithms dictate our lives.Résultat de recherche d'images pour "pictures of algorithms"

The answer so far appears to be yes. We are going to become militarily and economically useless.

Technical difficulties or political objections might slow down the algorithmic invasion of the job market but while the systems might need humans, it will not need individuals.

These systems will make most of the important decisions depriving individuals of their authority and freedom.

They are already assembling humans into dividuals ie. humans are becoming an assemblage of many different algorithms lacking a single inner voice or a single self.

Its time we realized that if we continue down this path allowing large corporations platforms to introduce algorithms willy nilly with no overall vetting as to whether they comply with our values we will be replacing the voter, the consumer, and the beholder.

The Al algorithm will know best, will always be right, and beauty will be in the calculation of the algorithm. Individualism will collapse and authority will shift from individual humans to autonomous networks.

People will not see themselves as individuals but as collections of biochemical mechanisms that are constantly monitored and guided by a network of electronic algorithms.

We are already crossing the line. Most of us use Apps without any thought whatsoever.

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You might say that every age has its organizing principles.

The nineteenth century had the novel, and the twentieth had TV; in our more modern times, they come and go more quickly than ever—on Web 1.0 it was the website, for example, and a few years later, for 2.0, it was the app.

And now, another shift is underway:

Today’s organizing principle is the algorithm. (Though you could productively argue that our new lingua franca will either be artificial intelligence or virtual reality.)

Algorithms rule the modern world, silent workhorses aligning data sets and systematizing the world. They’re everywhere, in everything, and you wouldn’t know unless you looked. For some of the most powerful companies in the world—Google, Facebook, etc.—they’re also closely held secrets, the most valuable intellectual property a company owns. 

Perhaps it is naïve to believe algorithms should be neutral? but it’s also deceptive to advance the illusion that Facebook and the algorithms that power it are bias-free.

They are not neutral.

Facebook is intended to be the home of what the world is talking about. Their business model depends on it, even if that’s an impossible goal. As such, with now well over a billion users, and still growing, it’s worth asking:

What role should Facebook play in shaping public discourse? And just how transparent should it be?

After all, Facebook is mind-boggling massive.

It accounts for a huge portion of traffic directed to news sites; small tweaks in its own feed algorithm can have serious consequences for media companies’ bottom lines.

What can be done? ( See previous posts)

Evolution will continue and will need to do so if we humans are to exist.

We therefore should welcome all technology that enhances our chances of this existence in as far that it equates to human values.

All Algorithms that violate these values for the sake of profit or power should be destroyed.

After all if humans have no soul and if thoughts, emotions, and sensations are just biochemical algorithms why can’t biology account for all the vagaries of human societies.?

If Donald Trump is the best that twitter Algorithms can produce it appears to me that there is a long way to go and it’s not too late to change course.

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All human comments appreciated. All like algorithms clicks chucked in the bin.

 

CAPITALISM CONTINUES TO PRIVATIZE THE PLANET.

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This is the first post to this blog .

 The purpose of this blog is to start a world mobile phone movement to effect change by Uniting the combined Communication Powers of us all into one world voice that will have to be listened to by World Organizations  and World Corporations.

These days we are  served up doom and gloom daily with the last decade leading us down the path to disillusionment. 

DEMOCRACY ERODED, LIVELIHOODS DESTROYED.  WITH GOVERNMENTS EVERYWHERE BETRAYING THE MANDATES THAT BROUGHT THEM INTO POWER.

September 11 tragedy now turned into a convenient Excuse for any anti-people legislation denying civil liberties worldwide. The Arab Spring is a quagmire>The Euro a nightmare >The Afghan War a needless lost of life>The Israel Palestine Question a dark cul-de-sac>NATO a war machine>The United Nations a gum shield between the west and the rest>China a supermarket>Climate change a trading commodity>Football a religion>Austerity a goal>Economic Growth an aspiration that no one seems to know how to achieve.

IF WE ARE ALL HONEST WITH OURSELVES THE WORLD IS GOING WRONG:

By the year 2030 there will be 50% more of us-6 million a month.

Humanity will have to put aside the deep divisions it has maintained for thousands of years.

Find a new spirit of human co- operation. Stop spending trillions on arms. One-fifth of the world’s present days population live in the “rich world” consuming 86% of the world’s goods. While over half the people on Earth live on 2$ a day with the absolute  poor on a !$ making up billions. Where is the justice that the gross domestic product of the poorest 48 Nations is less than the wealth of the World’s three riches people.

You don’t have to look far to see why we have Terrorism. Poverty and lack of Education spawns it.

While we turn back the evolutionary clock pumping 8 billion tons of Carbon into the Atmosphere each year wiping out 50,000 species a year in collective denial.

There can be no trade-off between economic development and the protection of the Environment Even if it is possible looking back from the Moon and see no trace of human activities that show up.

Our Democracies seem unable to achieve any progress such as mitigating climate change, better managing ecosystems, creating a fair global trading system. However we have the knowledge, the data and the technologies to do all of these things.

The question is not so much ” How could we have learned so little in all these years after two World Wars? But ” How could we have learned so much and done so little?

So it’s time to stop supporting large World Corporations and the like that don’t show a corporate social responsibility and use the power of getting Smart with our smart phones.

Any comments, suggestions, are welcome.  My next blog posting will out line a plan to create a World Aid Tax to be applied on all World stock Exchanges.

THE BEADY EYE ASK. SHOULD WE AGREED TO COVID PASSPORTS?

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(Seven-minute read) 

 


COVID LIKE THE FLU IS A VIRUS IT MUTATES IT DOES NOT DISCRIMINATE, UNLIKE PASSPORTS WHICH ARE DISCRIMINATORY.

They should be fought against “tooth and nail.

They will become a backdoor to the rules yet to be made up, mutating into a wider digital identity scheme with the data more than likely to flow to third-parties with varying degrees of repurposing trustworthiness.

Even with the most privacy-preserving technology, the expectation is that health data will be viewed by different actors, from healthcare settings, employers, clients, police, and pubs to insurance companies, who may have different levels of experience and trustworthiness in handling personal data. 

For those without a passport, they will constitute a denial of liberties that others are being granted.

Such a program could potentially bring about invidious discrimination against racial and ethnic groups and stigma against an uninfected individual fracturing the solidarity of societies so the introduction of a vaccine passport or any such document that would deem someone “immune” goes beyond just the obvious challenge of logistics.

Why?

By replicating existing inequities, the use of immunity passports would exacerbate the harm inflicted by COVID-19 on already vulnerable populations.

The choice is not between returning to a normal life versus issuing immunity passports. Instead, the choice is between periodic lockdowns, attempting to emerge from lockdowns with immunity passports, and attempting to emerge from lockdowns without immunity passports.

First, a strong presumption should be in favor of preserving people’s free movement if at all feasible.

Passports or Digital IDs will eventually be weaponized creating coercive and stigmatizing work environments and are more likely to compound than redress…structural disadvantages and…social stigmatization.

In either form they will create a perverse incentive for individuals to seek out infection or choose to fraudulently acquire passports permitting immune individuals to exercise more freedoms than those who are not immune would undermine the message that we are “all in this together”

Although we recognize the deep existing inequalities in all countries and the ways in which COVID-19 has increased the hardships for the worst off they will turn the population into products to be are traced and tracked with employees risking losing their jobs if they don’t get vaccinated.

The advantages accruing to those with immunity (and immunity passports) would persist into the future. 

                                           —————————-

Faced with a deep economic recession/ depression governments around the world are considering the use of immunity passports to allow a degree of normality to return.

It is unethical to require someone to avoid contact with others if they pose no or minimal risk of spreading the virus. I acted in the belief that I was immune.

Some have claimed that “the whole point of immunity passports is to control movement”.  However, this claim is a gross mischaracterization: the point of immunity passports is to facilitate movement when it is safe to do so.

The root of the concern for many is the unknown degree to which past infection confers future immunity. Until it is understood whether or not people can be reinfected with the disease, and how long any immunity lasts, the move to issuing covid passport is premature.

For certificates or any form of passport to work internationally, they must be recognized by countries around the world.

COVID jabs certificates are readily available to creative forgers to copy.

Individuals who are immune to SARS-CoV-2 are expected to be at a vastly reduced risk of getting and transmitting the virus, and so removing their civil liberties would be unjustified.

The main argument for their issue is that it is unethical to restrict freedom unless there is a real risk to other people.

We have the technology to decide who is not a risk, we should use it.

Whether immunity passports should be used to reliably identify immune individuals it would be better to look for solutions to the inequitable distribution of resources and to tackle the upstream causes of inequality.

This same reasoning should be applied to immunity passports.

Furthermore, as some have highlighted, the advantages of COVID-19 immunity might not entrench existing inequalities in the way often assumed. We might wish to certify only those who are unlikely to transmit the virus.

The U.K., now shut out of the E.U. thanks to Brexit, is considering its own brand of immunity proof that would allow vaccinated people to go to restaurants, pubs, and—if other countries allow—the airport.

The safety-first mentality could spread into almost every area of modern life. When it does, there’s no telling where it will lead – this is murky territory that will develop into an app.

Everyone’s vaccination status is already being logged centrally by the National Immunisation Vaccination System using their NHS number. This information could be easily linked with an app.

Will, there use be legal or illegal?

That’s the crucial, still unanswered question.

Unless such discrimination is ruled out under the law, we can expect more of it.

The moral quandary is the same: Is vaccine ID a harmless tool that creates a safer society — or a sudden expansion of a surveillance state?

God forbid if I am ever asked to produce my ID card as evidence that I am who I say I am. I will take that card out of my wallet and physically eat it in the presence of whatever emanation of the state has demanded that I produce it.

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

 

 

 

THE BEADY EYE LOOK AT THE POST PROFIT SIDE OF COVID-19.

 

(Thirty-minute read) 

Warren Buffett’s famous bit of investing advice: “be greedy only when others are fearful.”

So, if technology has virtually revolutionized every industry in the current global economy, why are economists still question whether technology is visible in traditional economic metrics such as GDP, productivity, and corporate profit? 

Because to date, it’s not but it has and will continue to profoundly alter our modes of life and the function of the state.

The field of state activity has been widened by the Covid pandemic while profit is disappearing into the cloud. 

Profit-seeking algorithms are advancing without regulation presenting many significant opportunities but also posing major challenges. 

Today, innovations in information technology are having wide-ranging effects across numerous domains of society, and policymakers are acting on issues involving economic productivity, intellectual property rights, privacy protection, and affordability of and access to information – paying little or no attention to who benefits from this exploration of data and the profits being made. 

Modern technology has made the states perform such functions as -the protection of the aged, the weaker section, and the minorities making provision for education, health care, etc. Choices made now will have long-lasting consequences, and attention must be paid to their social and economic impacts.

It has brought about remarkable changes in the whole system of social relationships and installed new ideologies in the place of traditional ones.

 The industry is being taken away from the household and new types of economic organizations have been set up online such as factories, stores, banks, corporations, etc.

These covid inventions are leading to a shift of functions from local government to the central government of the whole state but the most striking change is the change in economic organization. 

                                             —————–

COVID-19 has not been nor will it be an equal opportunity virus so what will be the aggregate consequences of COVID-19?

Around the world, there are marked differences in how the pandemic has been managed, both in terms of how successful countries have been in maintaining the health of their citizens and the economy and in the magnitude of the inequalities on display.

It is not only exposing and exacerbating inequalities between countries but within countries. This pandemic will end up exerting a significant adverse impact on inequality and we will need a comprehensive rewriting of the rules of the economy.

One that is greener and more knowledge-based, with even greater equality, trust, and solidarity.  

To date, it is presenting a  silver lining to firms that have now crossed the psychological threshold of large-scale remote work.

Robots do get viruses. They are more easily managed. So it is likely that robots will, where possible, at least at the margin, replace humans.

For example “Zooming” will, at least at the margin, replace airline travel.

                                    ——————————

The year 2020 will go in history books as one when the world economy was ravaged by the Covid-19 pandemic.

The year 2021 is set to go into the history books for Profit above the planet’s needs and the humanity that live on it.  

Our capitalist economic system needs to first recognize that the competitive equilibrium model (whereby producers maximize profit, consumers maximize utility, and prices are determined in competitive markets which equate demand and supply that has dominated economists’ thinking for more than a century) does not provide a good picture of the plant or the economies of today.

We now have the beginnings of an economy rife with market power and exploitation which is weakening the constraints on corporate power to generate profit with profit-seeking algorithms.

While the pandemic is reminding us that our lives are in the hands of so many people who work in underpaid jobs it has stripped many of the effective rewards away from work placing them in the hands of a few online monopolies like Amazon, eBay, Facebook, Twitter, Netflix, PayPal, Alibaba, JD.Com, Etoro, Plus500, Avatrade, Libertex, Alphabet. to name just a few.  

The rules governing globalization must do more than just serve corporate interests; the environment has to be protected.   

Clearly, there will be an even faster acceleration of digitalization and automation across the board.

From virtual work from home to telehealth, distance learning, online shopping, entertainment, journalism, online delivery, the true economic realities are hitting home.  

In the meantime, there will be collateral damage, with countless businesses shutting down, millions of people losing their jobs and many will have to struggle with their mental health from the isolation of lockdown not to mention the digital market. 

                                      —————————– 

Since the pandemic started in March of 2020, more than 110 million people have become infected with COVID-19 globally – 84 million of those people have recovered but over 2.4 million people have died.

We might now be reaching a point where we are in control of the virus rather than it controlling us.

This pandemic has indeed been the great accelerator of many technologies and innovations, and it made decades happen in few weeks but most viruses are experts at changing genomes to adapt to their environment.

It is switching us from our high-touch, highly analog daily interactions to the exact opposite all in a span of a year.

As we convert our lives online the evidence that SARS-CoV-2 is a wily, capable and ruthless, and adaptable adversary is piling up steadily. There are two major technology trends that will accelerate in the post-Covid-19 world:

Touchless technologies and highly automated robots augment human tasks.

To estimate the distributional impact of this pandemic event we are going to need to recognize the disproportionate burden of the pandemic on low-skilled workers. 

                                         ———————–

Before Covid-19, the global market for all vaccines was about $24 billion a year.

Apart from the obvious pharmaceutical companies are filling a desperate public need, they are also corporations with shareholders expecting a return.

At the moment drugmakers are not asking for as much as they could for their vaccines, especially considering the enormous economic value attached to the end of the pandemic, because that prestige can be lost very easily if the vaccine is too expensive for people or governments to buy.

Now, these companies want to avoid the risk of investing in a capacity that eventually proves worthless.  Firms invest in large-scale capacity only after the vaccine has proved effective and it will paradoxically be easier for pharmaceutical companies to negotiate higher prices for their vaccines when they aren’t as essential for the functioning of the world.

Taking a more general look at who is going to profit, life after the pandemic “is going to be, in many aspects, a sped-up version of the world we knew.”

And this is also applicable to technology and its role at the onset of the pandemic.

The pandemic is likely to bring about a rash of debt crises so there will be a debt restructuring.

Without a  debt moratorium, it will leave long-lasting scars.

That’s why it’s a matter of self-interest—as well as a humanitarian concern—for the developed economies to provide the assistance the developing economies and emerging markets need. Without it, the global pandemic will persist longer than it otherwise would, global inequalities will grow, and there will be global divergence.

It is not sufficient for economies is open for business. The economy depends upon imports, exports, travel, and tourism. The longer-term rebuild of the post-pandemic economy requires rethinking our policy approaches and targets defining success.

So we are at a historic crossroads for shaping the recovery and have a window of opportunity to reset economies on a new trajectory of more inclusive and sustainable growth.

Because of online profiteering and automation, this can only be achieved by the removal of the social welfare net and replacing it with unconditional no-strings-attached Universal Living Wage that will redistribute wealth, release creativity ensuring that nobody lives in poverty. 

The hiatus imposed by the pandemic provides a unique moment to introduce a far-reaching systemic change that will stop inequality from spiraling further out of control and focus on measures that will enhance social mobility.

The only question is whether it can be introduced orderly or disorderly.

GDP itself will also need to be updated to reflect value creation in the digital economy, the value created through unpaid care work as well as value destroyed through certain types of economic activity.

                                      —————————

Companies have long been profiting from our feelings – The facebook-like button is possibly the best example. Click by Click producing data that was once undervalued now worth billions. 

You name it profit is moving to profit-seeking algorithms that monitor/analyze our emotions one of the most important sources of profit in the contemporary economy.

If you don’t believe this look at the profits of Pay Pal, Netflix, Libertex, Plus 500, Etoro, Avatrade, Libertex, Alibaba, J D.Com, Alphabet, E Bay, Google, Amazon, to mention Apple, are just a handful of companies that are replacing large industrial super companies.   

All of these will not, in the short run at least, create the equality and solidarity that we need. Markets on their own pay no attention to the broader impacts that arise from decentralized decisions leading to excessive borrowing in foreign-denominated currencies or excessive inequality.

With significant economic contractions, low-income people have a limited ability to work from home than those with higher income.

15 ways to salvage a troubled digital transformation

Various historical epochs – hunter-gatherers, agrarian society, and industrialist society are distinguished from each other in terms of technological advancement.

The evolution of mankind can be seen in terms of technological evolution as well.

Technology changes society by changing our environments to which we in turn adapt.

This change is usually in the material environment and the adjustment that we make with these changes often modifies customs and social institutions.

Scientific and technological inventions have modernized societies in various countries. 

However, the problem of unemployment is a concomitant feature of rapid technological advancement. Machines not only provide employment opportunities but also take away jobs through labor-saving devices.

This results in technological unemployment.

Within this new context, and given the fast-paced emergence of disruptive products and business models, as well as the transformative power of digital technologies on business and society it is now of paramount importance that we are capable of detecting the economic impact of such fast technological changes and respond with similar speed and foresight.

                             ————————————–

The pandemic won’t be controlled until it is controlled everywhere, and the economic downturn won’t be tamed until there is a robust global recovery.

Manufacturing coronavirus vaccines is a potentially lucrative business, but how much will these companies earn?

If we leave it entirely to the market, we will get too little vaccine too late.

We don’t want to find ourselves with a working vaccine but too little manufacturing capacity.

Son an advanced market commitment to support vaccine development is a critical component of a timely plan to defeat the virus, reopen the economy and return to normal life stronger and more resilient.

What will the market for Covid-19 vaccines look like in the long term?

Pfizer and Moderna are likely to make money from the vaccine—and it isn’t the vaccine itself.

It’s the patents on how they were made.  

The fact that mRNA technology could be capable of changing medicine and the pharmaceutical industry as we know it. But Moderna and Pfizer’s vaccines have an element that is far more important than the elements that make it effective specifically against Covid-19: The use of RNA messengers to trigger the immune response.

These are patents cover everything from the formula, to the method of administration, to the manufacturing process. But often, when a new vaccine comes to the market, there is little in it that hasn’t been patented already in the past.

                                 ———————

With any transformation, projects get mired in the fear of the unknown, risk aversion, and a misunderstanding of what digital offers.

It won’t be long before we see the sale of a digital token for smartphones that can verify that you are Virus-free – “Vaccine nationalism.” 

Many choices being made now will be costly or difficult to modify in the future.

It took two world wars to win the freedoms we have, but it will take a pandemic for humans to be barcode-like products.

 It will take years of legal case to win them back.  

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE BEADY EYE SAYS: ITS TO LATE TOO REGULATE ARTIFICAL INTELLIGENCE – SO WHAT IF ANYTHING CAN BE DONE?

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  ( A Thirty-minute read)  Do you have a right to believe what you want? Yes, of course, but we now live in an Algorithmic driven world that is blurring the boundaries and amplifying the social tensions that are festering under the surface.  The problem is that we are allowing the building of technologies, that are making consequential decisions about people’s lives. AI is shaping people’s lives on a daily basis, but it’s an open question whether AI will become a trusted advisor or even a corrupting force.

It’s not COVID-19 that will kill us all its Profit-seeking algorithms.

However, here in this post, my main concern is whether the AI techniques will develop into quantum algorithms that will be totally out of control.  If artificial general intelligence is on the not too distant horizon, surely we should be ensuring that it is not owned by anyone corporation and that at its core it respects our core values. To achieve this we cannot surely let wealth be concentrated in fewer and fewer hands, or to be let to the marketplace, or any world organization that is not totally transparent and self-financing. We therefore as a matter of grave urgency need a new world organization that vets all technology, and algorithms. (See previous posts) As long as the ALGORITHMS don’t go to war with each other and cause something even more difficult to diagnose than a crash on the stock markets they are safe is as naive as saying ” It’s going to be Great.” AlGORITHMS are increasingly in charge of a world that is precious to us all. Basically, we’re entering the era of machines controlling everything. If we want to create new different societies with human dignity for all we need to do something about it. The difficulty of predicting the future is not just a cliche, it’s a basic fact of our existence. Part of the hypothesis of Singularity is that this difficulty is just going to get worse and worse. Yes, creating AGI ( Artificial General Intelligence) is a big and difficult goal, but according to known science, it is almost surely an achievable one. However, there are sound though not absolutely confident arguments that it may well be achievable within our lifetimes. If artificial general intelligence is on the not too distant horizon, surely we should be ensuring that it is not owned by anyone corporation and that at its core it respects our core values. If we think in months we focus on immediate problems such as the present-day wars, the Covid crisis, the Donald Trumps, the economy, if we think in decades, climate, growing inequality, the loss of jobs to automation are all presenting dangers. But if we look at life in total, science is converging on data processing and AI that is developing itself with algorithms. When intelligence is approached in an incremental manner, with strict reliance on interfacing to the real world through perception and action, reliance on representation disappears. It won’t be long before we will not be unable to distinguish the real world from the virtual world. Since there is only one real world and there can be infinite virtual worlds the probability that you will inhabit this sole world is zero.  So it won’t matter whether computers will be conscious or not. Is starting to feel like it’s every man for himself, Is possible that right now, a global crisis is upon us, Without even knowing… And the virus may not be the biggest threat, but the crisis that follows, Everyday goods that keep us alive will be gone, I’m talking, food, freshwater, medicine, clothes, fuel… Intelligence is decoupling from consciousness and soon rather than later it will be consigned to Google, Facebook, Twitter, Smartphones, and the like to make decisions that are not possible to reverse.  You might think that the above is stupid but it won’t be long before we will be witnessing the most unequal societies in history.                                  —————————— We humans will soon be living with robots that process data without any subjective experiences or consciousness or moral opprobrium. As we watch robots, autonomous vehicles, artificial intelligence machines, and the like slowly (and sometimes rapidly) permeate our world, it’s not hard to imagine them going from permeating to taking over. Algorithms are increasingly determining our collective future. It will only matter what they think about you. We are already halfway towards a world where algorithms run everything. This is why many of the issues raised in this post will require close monitoring, to ensure that the oversight of machine learning-driven algorithms continues to strike an appropriate and safe balance between recognizing the benefits (for healthcare and other public services, for example, and for innovation in the private sector) and the risks (for privacy and consent, data security and any unacceptable impacts on individuals).                                     —————————— WHAT CAN GOVERNMENTS DO?  Please regulate AI, this is too dangerous. Given the international nature of digital innovation, governments, should establish audits of algorithms, introducing certification of algorithms, and charging ethics boards with oversight of algorithmic decisions. Why? They are bringing big changes in their wake. From better medical diagnoses to driverless cars, and within central governments where there are opportunities to make public services more effective and achieve long-term cost savings. However, the Government should produce, publish, and maintain a list of where algorithms with significant impacts are being used within the Central Government, along with projects underway or planned for public service algorithms, to aid not just private sector involvement but also transparency. Governments should not just simply accept what the developers of algorithms offer in return for data access. To this end, Governments should be at the forefront of the creation of a “statutory building code”, which describes mandatory safety and quality requirements for digital platforms. Social networks should be required by law to release details of their algorithms and core functions to trusted researchers, in order for the technology to be vetted. This Law should enable the enforcement of, 
  • forcing social networks to disclose in the news feed why content has been recommended to a user.
  • limiting the use of micro-targeting advertising messages.
  • making it illegal to exclude people from content on the basis of race or religion, such as hiding a spare room advert from people of color.
  • banning the use of so-called dark patterns – user interfaces designed to confuse or frustrate the user, such as making it hard to delete your account.
  • labeling the accounts of state-controlled news organizations.
  • limiting how many times messages can be forwarded to large groups, as Facebook does on WhatsApp.
If we took the premise that people should have a lawful right to be manipulated and deceived, we wouldn’t have rules on fraud or undue influence.                                 ———————————– To days Algorithms and where we are. As data accumulates, even more so now with Covid- 19 track and trace, and now working from home we have more centralized data depositories and large centralized AI models that work off centralized or decentralized data. How does the concentration of power affect this balance that impinges on individual liberty? Our democratic institutions and public discourse are underpinned by an assumption that we can at least agree on things that are true. Facebook, Twitter, and YouTube create algorithms that promote and highlight information. That is an active engineering decision. Regardless of whether Facebook, Twitter profits from hate or not, it is a harmful by-product of the current design and there are social harms that come from this business model. Platforms that monetize user engagement have a duty to their users to make at least a minimum effort to prevent clearly identified harms. We have to focus on the responsibility of platforms. Because people are being manipulated with objectively false information, there has to be some kind of accountability for platforms. Currently, these platforms are not neutral environments they have no common understanding that there are certain things that are manifestly true with algorithms making decisions about what people see or do not see. In most Western democracies, you do have the freedom of speech. But freedom of speech is not an entitlement to reach. You are free to say what you want, within the confines of hate speech, libel law, and so on. But you are not entitled to have your voice artificially amplified by technology. The way Facebook and other platforms approach this problem is: We’ll wait and see and figure out a problem when it emerges. Every other industry has to have minimum safety standards and consider the risks that could be posed to people, through risk mitigation and prevention. There are right now some objectively disprovable things spreading quite rapidly on Facebook. For example, that Covid does not exist and that the vaccine is actually to control the minds of people. These are all things that are manifestly untrue, and you can prove that. However, algorithms are much more prevalent than that- the Apple Face ID algorithm decides whether you are who you say you are. Algorithms limit people’s worldview, which can allow large population groups to be easily controlled. Social Media algorithms tuned to your desires and want’s ensures that everything on your feed will be of interest to you without you knowing what data these algorithms use and what they aim for. Conclusion.  We are already living with large AI platforms that are monopolizing the fruits of globalization with billions being left behind. With us accepting this as if natural.
  • It will be too late when we are asking ourselves. What’s more valuable – intelligence or consciousness? Then ask yourselves what happens to society, politics, and daily life when non-conscious but highly intelligent algorithms know us better than we know ourselves?
  • Whatever view one takes on artificial intelligence ethics. You can rest assured that we will see far more nut cases blowing themselves up, far more wars over finite resources, with vast movements of people.
We have to remember that self-regulation is not the same as having no regulation. Of course, the loudest arguments for and against something often have one thing in common. They are often made by people with no desire to compromise or understand the other side. I think self-regulation, in and of itself contemplates people in power, deciding how they will act. We have to accept from history that we cannot possibly predict all adverse consequences of technology and that’s because it is not just technology that has adverse consequences, but the context in which is applied, It is impossible to regulate AI while thinking about all of its potential adverse consequences.  The seeds for harm at the design stage, or at the development stage, or at the deployment stage. We don’t have to wait for the technology to become an application before we think of regulating it effectively.  There is a need to strengthen specific provisions to safeguard individual liberty and community rights when it comes to inferred data. There is a need to balance the trade-offs between the utility of AI and protecting privacy and data.  Self-regulation within the AI industry may not be enough since it may not solve the massive differential between the people developing the technology and the people affected by it. Machine learning is the next step that they are aiming for, with the algorithms deciding the input and output completely. Inherent political and economic power hierarchies between the state and citizens and within the private sector need to be addressed because the promise of globalization is a lie when it comes to AI and prosperity for all. Algorithms are being used in an ever-growing number of areas, in ever-increasing ways, however, like humans, they can produce bias in their results, even if unintentional. We are all becoming redundant with biotechnology becoming only available to the riches of us. I don’t think that AI per se can be regulated because today it is AI, tomorrow it will be Augmented Reality or Virtual Reality, and the day after tomorrow it may be something that we can’t even think of right now. So it is important to have checks and balances in the use and access to AI that go beyond just technological means. Why? Because they are also moving into areas where the benefits to those applying them may not be matched by the benefits to those subject to their ‘decisions’—in some aspects of the criminal justice system, for example. However, technology companies are not all the same, and nor is technology the only part of the media ecosystem. It is essential to ensure a whole society response to tackle these important issues. You could require algorithms to have a trigger TO SHUT OF – to stop misinformation or terrorist groups using social media as a recruiting platform. BUT who defines what counts as misinformation? It is no longer possible for humans to fact-check so the only course of action is a world Independent Universal Algorithm that is designed to establish fairness.  While “fairness” is much vaguer than “life or death,” I believe it can – and should – be built into all AI using their algorithm. Therefore every Social network should display a correction to every single person who was exposed to misinformation if independent fact-checkers identify a story as false. (Google’s search algorithm is more closely guarded than classified secret documents with  Google Algorithm’s that now owns most of the largest data sets in the world stored in its cloud.)                                        ——————– We now have algorithms fighting with each other for supremacy on the market, prey on other algorithms in order to blunder the world exchanges for profit to such an extent that they now effectively in control of capitalism.  Take for instance, when someone says algorithmic trading, it covers a vast subject not just buying and selling large volumes of shares automatically at very high speeds by unsupervised learning algorithms. There are four major types of trading algorithms.  There are:
  • Execution algorithms
  • Behavior exploitative algorithms
  • Scalping algorithms
  • Predictive algorithms
Transparency must be a key underpinning for algorithm accountability. Why? Because it will make it easier for the decisions produced by algorithms to be explained.  (The ‘right to explanation’ is a key part of achieving accountability and tackling the ethical implications around AI.) We are only on the outskirts of mind science that presently knows little about how the mind works never mind consciousness.  We have no idea how a collection of electric brain signals creates subjective experiences however we are conscious of our dreams. 99% of our bodily activities take place without any conscious feelings. As neuroscientists acquired more and more data about the workings of the brain, cognitive sciences, and their stated purpose is to combine the data from numerous disciplines so as better to understand such diverse phenomena as perception, language, reasoning, and consciousness. Even so, the subjective essence of “what it means” to be conscious remains an issue that is very difficult to address scientifically. To really understand what is meant by the cognitive neurosciences, one must recall that until the late 1960s, the various fields of brain research were still tightly compartmentalized. Brain scientists specialized in fields such as neuroanatomy, neurohistology, neuroembryology, or neurochemistry. Nobody was yet working with the full range of investigative methods available, but eventually, the very complexity of the subject at hand-made that a necessity. The first problem that arises when examining consciousness is that a conscious experience is truly accessible only to the person who is experiencing it. Despite the vast knowledge we have gained in the field of mathematics and computer science, none of the data processing systems we have created needs subjective experiences in order to function. None feel pain, pleasure, anger, or love. These emotions are vanishing into algorithms that are or will have an effect on how we see the world but also how we live in it.   If not address now all moral and political values will disappear, turning consciousness into a kind of mental pollution. After all, computers have no minds. Take images on Instagram they can affect mental health and body image.  You might say so what that has always been the case. And you would be right up to now but because of Covid-19 government has given themselves wide-ranging powers to collect and analyze data, without adequate safeguards. If we are not careful they will have no notion of self, existing only in the present unaware of the past or future, and therefore will be unable to consciously plan for future eventualities. Unconscious algorithms in our brains rather than conscious images in a mind. If you are using a smartphone, it indirectly means that you are enjoying the AI knowingly or unknowingly. It cannot be modified unknowingly or can’t get disfigured or breakdown in a hostile environment. We should not be regulating technology but Artificial Intelligence. It is so complicated in behavior we need to be regulated it at the data level. In lots of regulated domains, there is this notion of post-market surveillance, which is where the developer bears the responsibility of how the technology developed by them is going to be used. As William Shakespeare wrote in – As you Like it.   ” All the world is a stage, and all the men and women merely players, they have their exits and entrances. ”   Sadly with AI, Machine Learning Algorithms no one knows or for that matter will ever know when they enter or exit. Probably like AI learning is actually an ongoing process that takes place throughout all of life. It’s the process of moving information from out there — to here. Unfortunately with the brain, has its own set of rules by which it learns best, unlike AI, the information doesn’t always stick. Together, we have a lot to learn. Humanity is in contact with humanity.   All human comments appreciated. All like clicks and abuse chucked in the cloud bin.        

                                              social media oligarchy where the richest participants are allowed to spread dangerous                  .                

THE BEADY ASKS. JUST HOW CLEVER DO YOU THINK THE HUMAN RACE IS?

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(Twenty to Thirty-minute read)

Do not read this if you are depressed or are easily depressed.

If you do read it try not to click the moron like button, but comment.  

We, humans, believe that we are the most intelligent beings on the planet. 

We believed that are superior to the animals due to our exclusive ability to reason.

In simple terms, this comes about when we select only the ‘survivors’ – those that outperformed the rest, whether people, machines, or companies – and come to conclusions based on their attributes, without looking more broadly at the whole dataset, including those with similar characteristics that failed to perform as well.

Our collective ingenuity has got us into the mess of Climate Change and now a Pandemic that is not just killing us but shining a light on our collective stupidity.

The Earth’s carrying capacity could absorb our endless acts of stupidity. 

So to answer this question one could go back over the history of humanity and pick out numerous examples since man emerged from his cave.

From the Nuclear bomb to stepping on the moon. From Michelangelo to Albert Enstine. From the Stone age to the Tec age we have put greed and power before looking after what we had in the first place – Earth. 

                                       ————————

As there is no escaping our interconnected world in this post I want to address the origins of Planetary realism when it comes to that interconnection.

Why?

Because we are now engaged in two possible futures for the world, the worst or the best. 

Are we going to continue shooting ourselves in the foot?

or  

Are we going to recognize that Human DNA is too similar to split us into subspecies or races of stupidity?  

Can we act like one? 

I firmly believe we know enough to solve our problems, I just doubt we have the collective will to work together to get the job done. We should be much better than our collective selves.

We have to start accepting our common vulnerability and therefore our common interest instead of just National Interests which is paramount to decisions that have to be on a global scale.    

When the stakes are high, we want those making decisions – whether they be machines or human, to be correct, trustworthy, and responsible.

However, now we are handing these decisions more and more to machine learning algorithms and neural nets. 

We implicitly grant artificial intelligence a degree of agency that not only overstates its true abilities but robs us of our own autonomy... It is always humans who choose whether or not to abdicate this authority, to empower some piece of technology to intervene on our behalf. It would be a mistake to presume that this transfer of authority involves a simultaneous absolution of responsibility. It does not.

Perhaps technology can be correct. But can it be trustworthy and responsible?

While it’s hard to judge even if another person is trustworthy or responsible, it may be even harder to judge something that thinks in such radically different ways as humans.

We once viewed ourselves as the only creature with emotions, morality, culture, which is not true, they can be found in the animal kingdom. 

Confucius:

“Real knowledge is to know the extent of one’s ignorance.”

This is to say that intelligence is the ability to recognize our weaknesses and one of our greatest weaknesses is the impenetrable barrier now being created right in front of our eyes between Artificial Intelligence and Capitalist Greed. 

If we measure the IQ of AI it would be against its capabilities of reasoning and its problem-solving ability and nothing else.

Rational thinking and intelligence don’t tend to go hand in hand. 

This measurement doesn’t measure curiosity or creativity.

Unlike the robotic world, people desperately believe they’re smart because they desperately want to see themselves as smart and sometimes because they really can’t tell.

Most of us measure our IQ as being five points higher than it actually is.

Thinking AI might work in the same way as a human brain is not only misleading but dangerous.

Up to now AI only takes orders and does not think by itself so there is a massive disconnect from biological networks. They, that is AI lacks some crucial components essential to navigating the real world…. they do recreate something like human intelligence that has the ability to analyze all matters from multiple angles while not or never will be prepared to take on responsible decision making.  

In short, Dunning and Kruger discovered that the less intelligent you are, the more confident you’re likely to be that you know what you’re doing and the more likely you are to be wrong. Being unsure, in this context, is often a mark of intelligence.

Without being curious, an intelligent person won’t ever use their intelligence to learn and form new ideas.

At the same time, a person without curiosity it seems, be less likely to question themselves or the world around them in the first place. As a result, it seems they would also be unlikely to ever use what intelligence they had to learn new things and question their own misperceptions.

But AI is learning to manipulate human behavior, creating more problems for the world. 

Of course, there is just one thing that nags away at the average man or woman in the street in amongst all this academic and government research and analysis, how safe is AI going to be for me – can I trust big business and government to behave ethically? 

It is already exploiting vulnerabilities in ways people make choices. Click like and the AI steer you towards particular actions by filtering your choices. 

WE now have  “behavioral modification empires.”

The purpose of organizations such as Google and Facebook ceased to be building connections, and instead became about adapting your habits and thought patterns in the name of profit.

With so much misguided thought and active disinformation online, it has become difficult for people with insight worth sharing to do so. Behind the anonymity of the web, anyone can claim to be an expert. When everybody is an expert, nobody is.

In other words, the AI learns how people make choices.

Broad, anonymous social networks breed collective stupidity.

This has enormous ramifications for the future as AI could be used to steer people away from stupid choices or to make them.  

AI can outwit us on the virtual battlefield so let’s not put them in charge of the real thing.

This is already happing with drones that identify, track and kill people without any human intervention. They have no moral capability to decide who lives or who dies, no empathy no compassion. 

However, if a machine can beat us at a game does it make them more intelligent than us?  

Despite the many warning raised not only will we see robots fighting wars they will be planning them too. 

David Dunning and Justin Kruger, “The miscalibration of the incompetent stem from an error about the self, whereas the miscalibration of the highly competent stems from an error about others.”

This goes directly into how people view themselves and their abilities. For instance, most people think they’re above average when that literally cannot be true.

In any leadership role, you’ve got to establish trust.

It’s trusting that the person is going to do things and trusting that they’re telling the truth and being upfront and honest.

But how you go about doing that virtually is a little different – it’s a different skill set.

We have seen that Social media platforms like Facebook and Twitter transform Donald Trump into one of the worst presidents of the USA and a proud country England into a whaling nation of Nigel Farage has beings.

Because of our collective stupidity, social media transformed both into remote winners with lies.

Therefore it is reasonable to say that with the current Coivd-19 Pandemic that hopefully, people are now more likely to be seen based on what they actually do, not based on who they are.

Why?

Because they simply don’t translate into anointing leaders by virtual leadership.

Neither of them got better at the skills, such as reasoning from given data. Indeed smart people are more prone to silly mistakes because of blind spots in how they use logic.

                                       ———————–

Considering the benefits accruing from AI.

Let’s start with how much data we produce globally.  

It’s about 2.5 quintillion bytes of data produced every day in the world. 

Next, if you Googled “how much energy do Google’s servers use?”  

Unsurprisingly, it’s a lot. An estimate in 2017 claimed that the amount of power required to run Google’s servers is 2.26 million megawatts per year – enough to keep 200,000 homes going for the same time. 

Facebook, in contrast, uses a wee bit more than Google, at about 3.43 million megawatts per year. Between them and Google they could power over 20% of the houses in Scotland.

When we come to the internet as a whole, it uses a bit more than 10% of the world’s energy consumption. 

All electricity generation systems have a ‘carbon footprint’, that is, at some points during their construction and operation carbon dioxide (CO2) is emitted.  Then again all electricity generation technologies emit CO2 at some point during their life cycle. None of these technologies is entirely ‘carbon-free’.

While the energy involved in all bitcoin transactions in one year is 77.78 terawatt-hours – equivalent to the entire electrical consumption of Chile.

It’s no wonder that even without co2 emissions have climate change. 

We are going to have to find a way to generate more electricity to power the economies and societies of the future, but in a manner that doesn’t wreck the planet.

There is a saying that “Mad dogs and English men go out in the noonday sun.” 

Did you know the sun produces the equivalent of 38,460 SEPTILLION watts – that’s 3.846 x 1026 watts) PER SECOND.  That’s almost enough to power a Metallica gig.

So you would think that it is a no-brainer that we have solar panels to enable everyone to use this source of energy by giving nonrepayable grants to every home to install them.  To stop Co2 emissions. We have to fit our species into the energy flow of its biosphere.

That is the meaning of life in case you are so stupid still looking for a meaning. 

Instead, we have Paris Climate change conferences promises and the forthcoming Glasgow Zome dribble turning CO2 into a product – for profit.  

Introducing more change to Be-IT

One thing is certain:

The original purpose of the internet has been lost. It set the stage for a technological revolution that could harness human intelligence and advance our shared knowledge.

Its click-baiting algorithms and lack of regulation have brought with them chaos.

As social media came to dominate the landscape, it made using the internet for the purpose of collective intelligence increasingly difficult.

The rise of social media was supposed to bring us closer together but instead, I argue, it has done the opposite.

A system based on generating clicks and interactions has created an environment for the outlandish and bizarre to flourish, with expertise falling by the wayside. With so much content being generated, how can experts possibly stand out from the crowd?

Machines and AI are great, but we have to retain some capacity to think for ourselves. 

No matter how algorithms are retrained they will continue to impact the millions who use them.

The results will be that AI over time, will not categorize people into races on traits it thinks are most important – but into stupid or clever. 

For obvious reasons, this year is different.

The pandemic has, of course, transformed how most workplace in-person teams are now all or partially digital operations in the wake of the pandemic, removing Joe Soap from any say about the Future.

At the moment we have a warlike philosophy – if we continue to develop AI it might not overtake our individual stupidity but our collective stupidity, putting our very existence in danger.

Tech should never be any more than a tool that helps us to bring out the best in humanity. Many of the issues we throw billions at and attempt to solve with technology could be easily achieved if we were able to better utilize our collective intelligence.

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

THE BEADY EYE LOOKS: FORWARD TO THE WORLD CLIMATE CHANGE GATERING IN SCOTLAND IN NOVEMBER 2021

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(Five-minute read) 



We are coming up to another god-wobbling Climate Change gathering in Scotland which by any account will be A ZOME GATHERING because of COVID-19 on the 1 – 12 November 2021.

This one is the 26th UN Climate Change Conference of the Parties (COP26).

A two-week showcase as to why the world is unable to come together to tackle the problems of climate change.  Remember that these conferences started in the 90th. 

chimney

 

This one is likely to include demonstrations of virtual reality technology; showcasing innovation helping to tackle global climate change and probably like the others will archive little or nothing. 

Why? 

Because they produce nonbinding promises without addressing the main problem of how or who is going to finance the changes needed.   

We live in an age in which intersecting crises are being lifted to a global scale, with unseen levels of inequality, environmental degradation, and climate destabilization, as well as new surges in populism, conflict, economic uncertainty, and mounting public health threats.

The coronavirus pandemic may lead to a deeper understanding of the ties that bind us on a global scale., and there are, to a certain degree, parallels that can be drawn between the current COVID-19 pandemic and some of the other contemporary crises our world is facing. All require a global-to-local response and long-term thinking.

All need to be guided by science and need to protect the most vulnerable among us, and all require the political will to make fundamental changes when faced with existential risks. They all need Money. 

It’s rational for an individual country not to drastically reduce greenhouse gases, given most economies are heavily based on energy resources that emit them. Yet, if all nations act that way — indeed, that’s what’s happening — most countries would eventually be worse off due to the cumulative impacts of all our emissions, not to mention the hoarding of covid-19 vaccines.  

It doesn’t take a rocket scientist to see that Covid -19 is real and that Climate Change will wreak havoc on the planet. BOTH ARE ALREADY DOING SO.

Covid-19 has brought the entire world economy to its knees in a matter of weeks during a pandemic that scientists warned us would come.

While enacting policies today to cut greenhouse gas emissions won’t have a discernible impact on global warming for decades, if not centuries. That’s because we have already locked in significant warming due to our historical emissions. Unlike other policies, climate change is cumulative. The longer we wait to address it, the bigger the problem it becomes and the harder it gets to solve, fueling a feedback loop that makes solutions ever more difficult.

Although global emissions were not as high as last year, they still amounted to about 39 billion tonnes of CO2.  Covid-19 has changed this narrative to one that involves avoiding a rebound in emissions. 

The bottom line: Big climate policy would have to offer concrete benefits outside of its impact on emissions — think jobs or energy security — to overcome this time disconnect.

The bottom line: We are the first generation of humans to start paying the price for a warmer world, and we are also the first to face costs as we try to address it.

We’re paying now and later.

  • Cost No. 1: Responding to flooding, heatwaves, and other extreme weather that climate change is often making worse.
  • Cost No. 2: Enacting policies to reduce emissions, which would come in the form of higher fossil-fuel costs today.
  • Cost No. 3 will continue for decades, if not centuries, even in addition to Cost No. 2.
  • This is because of the aforementioned time disconnect: the amount of warming locked in already has also locked in associated costs — which will come in the form of not just money, but also health, lives, and nature losses.


This just might be the world’s greatest collective action problem, which is when rational, self-interested decisions of individuals make the circumstances of the group worse, and vice versa

Imagine getting taxed before you put that money into your fund and then not living long enough to reap the payoffs of your fund. That’s happening with climate change, on a global scale.

Even though climate change presents a slower, more long-term health threat, an equally dramatic and sustained shift in behavior will be needed to prevent irreversible damage.

When we eventually overcome the COVID-19 pandemic, we can hopefully hold on to that sense of shared humanity in order to rebuild our social and economic systems to make them better, more resilient, and compassionate

Joe Biden’s climate plan promises net-zero greenhouse gas emissions by 2050, Biden would be pushing 110 years old when he’d have to check (likely from the afterlife) on how his policy did. I’ll be 65. How old will you be?

Essentially all organisms use weather cues to guide their lives, and when these change and fracture everyone takes a hit.

As I have said in previous posts there is only one way to finance the changes.

That is by making a profit for profit sake pay, by placing a World Aid Commission of 0.05% on all activities that are not sustainable. ( See previous posts.)  

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

THE BEADY EYE SAYS: LETS TRY AND CLEAR UP THE INFORMATION ABOUT THE VARIOUS VACCINES AGAINST COVID-19

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(Three-minute read) 



“You’re well within your right to know which vaccine you’re taking.

In this post, I am addressing the moral case for taking or not taking the Jab and I am no science or Medical guru. 

Everyone has a choice.   

When you get vaccinated, you should receive a card or printout telling you which COVID-19 vaccine you received, the date, and where you received it. You’ll also get a fact sheet listing the vaccine’s risks and benefits.

At the moment there are:  

Moderna’s COVID-19 vaccine- USA.

Pfizer’s vaccine – USA

Novavax -USA

and AstraZeneca. – Uk

CanSino – China.

Others in trial.   Valneva, GSK/Sanofi Pasteur, Janssen.

Vaccines and drugs often take years to go through trials and development before gaining approval and being used to treat patients. So with vaccines ready to be delivered within months of Covid-19’s emergence, it’s fair to ask how we can be sure they’re safe.

Could issues present themselves years down the line? No one knows. 100 percent safety can never be guaranteed. 

The Pfizer and Moderna vaccines require two doses within 28 days. These vaccines don’t contain live viruses and will not give you COVID-19.

They are mRNA vaccines that use a strip of genetic material called mRNA. Once the mRNA enters a cell, it triggers the cell to build copies of the spike proteins. The immune system learns to recognize these spike proteins through the production of antibodies that block the virus from entering healthy cells. Both the Pfizer and Moderna vaccines work this way.

The Pfizer vaccine needs to be kept at super-cold temperatures of -70 degrees Celsius, while the Moderna vaccine must be stored at -2 degrees Celsius and must be used within 12 hours once it reaches room temperature.

The Pfizer vaccine is approved for individuals 16 and older.

The Moderna’s has been approved for patients 18 and older.

The AstraZenecaViral vector vaccines rely on another virus, called an adenovirus.

There is nothing in either vaccine that could affect anyone’s genetic makeup.“There is no evidence at all that they have any effect on fertility

For many diseases, immunity acquired naturally often lasts longer than immunity from a vaccine. But that means you have to suffer, and survive, the disease,”  So what is called herd immunity might well be achievable but at the cost of millions more deaths and suffering.   

To debunked myth that has with the help of social media morphed into a conspiracy theory after Bill Gates suggested creating a digital certificate of vaccine records.

There is no microchip and no tracking device of any kind in either vaccine.

It’s almost hard to deny this stuff because it’s so stupid or strange that even

to repeat it gives it credibility. 

 

Unfortunately, it’s too early for anyone to knows whether any of the vaccines

will actually affect the virus spread with a new mutation or whether

symptomless vaccine takers could still infect others.

 

Everyone wants to see the back of Covid-19.

The truth at the moment is that there is a carnival of wild claims, distortions,

and flat-out lies about whichever jab you happen to get.

 

The pharmaceutical companies that developed these vaccines did so

against their own  Data.

We don’t know how long vaccine-induced immunity is going to last.

Will we all have to carry either a digital health card or some other government Pass?

More than likely. 

If we need a booster jab does it have to be the same vaccine or anyone of the others? 

What would happen if you had one on each? 

In the end, we have to hope that there are no unseen consequences from any of the available vaccines. 

Should you take a jab?

The vaccines’ effectiveness isn’t dependent on the scientists alone. It’s also dependent on us. So, what should we do and why? Here’s why I am going to get vaccinated.

Vaccines are something we do for each other as much as ourselves.

It depends on a personal basis on what value you place on your life but with society-wide consequences.

As much as viruses are scourges and will always be here, vaccines are our friends. Before the measles vaccine, that disease killed millions of kids every year. About that gift horse, we should not be looking at. 

It will show what we’re made of.

All human comments are appreciated. All like clicks and abuse chucked in the bin.

https://cdn.lbryplayer.xyz/api/v4/streams/free/nwnw20210114/c8f474809aaf46ac8eadd85ee7f1d8c777b6b8f9/95bdf3

THE BEADY EYE ASKS. WHERE DO WE GO FROM HERE.?

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( Half an Hour read.) 

If I was writing a post about what is right about the world it would be a few minutes read. best things in world

Of course, this is a flippant remark as there are many things right with the world. 

Technology and Science has produced vaccines to fight Covid-19 and millions of us are every day doing our bit, to ensure that the most beautiful thing in the world is, of course, the world itself.

However, to put it mildly, we live in a topsy-turvy world and its present state is pretty grim right now.  

In a world that has been governed by inequality and recently by ‘fake news’ and leaders who dismiss ‘facts,’ it no wonder that we are in such a mess.  

With this continuing statistically meticulous presentation of global trends is vitally important to understand the world today, including the economic, health, and geo-political reverberations of Covid-19.

 

The overall state of our world makes sad reading. 

ACCORDING TO WORLD REVOLUTION ORG.

THIS IS THE STATE OF THE WORLD.  

  • Around 258 million people live outside the country of their birth.
  • 14% of the world’s children are economically active
  • Nearly 2 billion people in the world are overweight or obese.
  • More than 800 million people are undernourished.
  • By 2050 almost all seabirds will have ingested plastic.
  • Nearly 50% of the world’s economic output is generated in places aiming to achieve net-zero carbon emissions by 2050.
  • Violence costs the world around $8.3 trillion a year – twice the amount needed to meet the UN’s development goals.
  • There have been over 250 major wars in the world since World War II, in which 23 million people have been killed., tens of millions made homeless, and countless millions injured and bereaved.

    Over 35 major conflicts are going on in the world today. In armed conflicts since 1945, 90 percent of casualties have been civilians. 3 out of 4 fatalities of war are women and children.

    In the wars of the last decade, more children were killed than soldiers. In the last decade, child victims of war include an estimated 2 million killed, 4 to 5 million disabled, 12 million left homeless, and more than 1 million orphaned.

    There are 300,000 child soldiers in the world.

    Landmines maim or kill approximately 26,000 civilians every year, including 8,000 to 10,000 children. At least 75% of landmine victims are civilians. It is estimated that there are between 60 and 70 million landmines in the ground in at least 70 countries.

    More than 500 million small arms and light weapons are in circulation around the world. In major conflicts since 1990, they have caused 4 million deaths – about 90 percent of them civilians, and 80 percent women and children.

    There are approximately 30,000 nuclear warheads in the world today. Some 5,000 nuclear weapons are on hair-trigger alert, ready to be launched at a few minute’s notice.

    Current global military spending is approximately $800 billion per year; more than the total annual income of the poorest 45% of the global population.

    Genocide and other mass murders killed more people in the 20th century than all wars combined. Between 54 and 80 million people have been killed in genocides in the last century. Between 170 and 360 million people have been killed, in total, by governments (democide) in the 20th century, apart from war.

    Human rights & social justice.

    33% of the world’s people live under authoritarian, non-democratic regimes. 35% of the world’s people live in countries in which basic political rights and civil liberties are denied (such as freedom of speech, religion, press, fair trials, democratic political processes, etc).

    1 billion people – 1/3rd of the world’s labor force, are unemployed or underemployed. An estimated 37 million people are enslaved around the world, including an estimated 20 million people held in bonded labor (forced to work to pay off a debt, also known as ‘debt bondage’). At least 700,000 people annually, and up to 2 million, mostly women and children, are victims of human trafficking worldwide (a modern form of slavery — bought, sold, transported, and held against their will in slave-like conditions).

    About 246 million, or 1 out of 6, children ages 5 to 17 worldwide are involved in child labor. Nearly three-fourths of these, about 180 million children, including 110 million under age 15, are exposed to the worst forms of, or hazardous, child labor. Some estimated 8.4 million children are trapped in the most abhorrent forms of child labor – slavery, trafficking, debt bondage, prostitution, pornography, and other such activities.

    Women account for 70 percent of the world’s people who live in absolute poverty. Women work two-thirds of the world’s working hours, produce half of the world’s food, and yet earn only 10% of the world’s income and own less than 1% of the world’s property. Worldwide, a quarter of all women are raped during their lifetime. Depending on the country, 25 to 75 percent of women are regularly beaten at home. Between 10% and 50% of women report they have been physically abused by an intimate partner in their lifetime. Over 120 million women have undergone female genital mutilation. Women hold only 12% of parliamentary seats worldwide. Women account for 2/3rd of the world’s illiterate adults, and girls account for 2/3rd of the world’s children without access to education.

    In 1998, extrajudicial executions were carried out in 47 countries, ‘disappearances’ occurred in 37 countries, torture occurred in 125 countries, prisoners of conscience were held in 78 countries, unfair trials for political prisoners occurred in 35 countries, detentions without charge or trial occurred in 66 countries, executions were carried out in 36 countries, and human rights abuses were committed by armed opposition groups in 37 countries.

    There are over 45 million refugees and internally displaced people in the world.

    Poverty & development.

    3 billion of the world’s people (one-half) live in ‘poverty’ (living on less than $2 per day). 1.3 billion people live in ‘absolute’ or ‘extreme poverty’ (living on less than $1 per day).

    800 million people lack access to basic healthcare. 17 million people, including 11 million children, die every year from easily preventable diseases and malnutrition.

    800 million people are hungry or malnourished. Nearly 160 million children are malnourished worldwide. 11 million people die every year from hunger and malnutrition.

    2.4 billion people lack access to proper sanitation. 1.1 billion do not have safe drinking water. By 2025, at least 3.5 billion people, or nearly 2/3rd’s of the world’s population will face water scarcity. More than 2.2 million people, mostly children, die each year from water-related diseases.

    275 million children never attend or complete primary school education. 870 million of the world’s adults are illiterate.

    3 million people die every year from HIV/AIDS. Approximately 25 million people have died from AIDS in the last 20 years. 70 million will die from AIDS by 2020. 40 million people are currently infected with HIV/AIDS, who will die within 10 years. 13 million children have been orphaned by HIV/AIDS since the epidemic began, and the number is expected to double to 26 million by 2010.

    Over 100 million people live in slums. An estimated 25 to 50 percent of urban inhabitants in poor, developing countries live in impoverished slums and squatter settlements.

    The richest 1% of the world’s people earned as much income as the bottom 57% (2.7 billion people). The top 5% of the world’s people earn more income than the bottom 80%. The top 10% of the world’s people earn as much income as the bottom 90%. The richest 16% of the world’s population receives 84% of the world’s annual income.

    The wealth of the world’s 7.1 million millionaires ($27 trillion) equals the total combined annual income of the entire planet.   The combined wealth of the world’s richest 300 individuals is equal to the total annual income of 45% of the world’s population.  The world’s 3 wealthiest families have a combined wealth equal to the annual income of 600 million of the world’s people.  The wealthiest one-fifth of the world’s population receive an average income that is 75 times greater than the poorest one-fifth.

    Poor countries (which contain 4/5th’s of the world’s people) pay the rich countries an estimated nine times more in debt repayments than they receive in aid. Africa alone spends four times more on repaying its debts than it spends on health care. In 1997 the foreign debts of poor countries were more than $2 trillion and growing. The result is a debt of $400 for every person in the developing world – where the average annual income in the very poorest countries is less than a dollar a day.

    Environment & sustainability.

    Half of the forests that originally covered 46% of the Earth’s land surface are gone. Only one-fifth of the Earth’s original forests remain pristine and undisturbed.

    Between 10 and 20 percent of all species will be driven to extinction in the next 20 to 50 years. Based on current trends, an estimated 34,000 plant and 5,200 animal species – including one in eight of the world’s bird species – face extinction. Almost a quarter of the world’s mammal species will face extinction within 30 years. Up to 47% of the world’s plant species are at risk of extinction.

    60% of the world’s coral reefs, which contain up to one-fourth of all marine species, could be lost in the next 2040 years

    Hundreds of thousands of sea turtles and marine mammals are entangled and drowned by irresponsible fishing practices every year.

    More than 20 percent of the world’s known 10,000 freshwater fish species have become extinct, been threatened, or endangered in recent decades. Sixty percent of the world’s important fish stocks are threatened by overfishing.

    Desertification and land degradation threaten nearly one-quarter of the land surface of the globe. Over 250 million people are directly affected by desertification, and one billion people are at risk.

    Global warming is expected to increase the Earth’s temperature by 3C (5.4F) in the next 100 years, resulting in multiple adverse effects on the environment and human society, including widespread species loss, ecosystem damage, flooding of populated human settlements, and increased natural disasters.

    An estimated 4080 million people have been forcibly evicted and displaced from their lands to make way for the construction of large dams, resulting in economic and social devastation for these people.

                                      ——————————

 

IT APPEARS THAT THE WOLRD IS IN SUCH A STATE THAT TRUTH HAS ALREADY CEASED TO MATTER AND EVIDENCE OF THIS IS WHATEVER OF APPROVAL NARRATIVES WANT IT TO BE. 

We think we understand environmental damage: pollution, water scarcity, a warming world. But these problems are just the tip of the iceberg. 

Evidence is growing that the thermohaline current may be slowed or stopped by cold freshwater inputs to the Arctic and North Atlantic oceans. This could occur if global warming is sufficient to cause large scale melting of arctic sea ice and the Greenland ice sheet. Such a change in the current may be gradual (over centuries) or very rapid (over a few years).

Either would cause planet-wide changes in climate. This effect may be part of what starts and stops the ice ages.

The land in the northern hemisphere has been unfrozen for less than half of the last 400,000 years.  In 2005, it was discovered that deep water formation under the Arctic “Odden ice tongue” had almost stopped.

                                       ——————

If perpetual economic growth on a finite planet is impossible, what are the alternatives?

Can national governments manage the transition to sustainability, to a world of sharing?  

I think not. 

The capitalist system and its institutions have lurched from disaster to disaster, blatantly incapable of mastering the social, economic, environmental, and now health emergencies it has created.

Industrial civilization, economic growth, and the lifestyles of the developed world are dependent on inexpensive oil and gas. The energy and products from cheap oil have made possible the major changes in globalized industrial civilization in the last 100 years, including its huge impact on indigenous cultures and planetary ecosystems.

Affordable food production by industrial agriculture needs inexpensive natural gas and oil inputs for fertilizers, pesticides, industrial machinery, planting, cultivating, harvesting, processing, packaging, transportation, and marketing.

We use six times as much water today as we did 100 years ago.

Where do we go from here? 

One question is:

How did we get to this state of extreme polarization?

Who (or what) started us down this destructive path?

All hail to the machine learning profit-seeking algorithms that run Social Media.

We are only as strong as our weakest link and the weakest link is Big Tech which is completely out of control.

Suppression of information, online bullying, and intimidation— are good if they serve politically correct causes, for which the ends justify the means but do anyone with a functioning brain not now realize that is it is conceivable that well-trafficked truth-telling sites are impossible?  

Does this information break your heart?

Of course not.

Because we don’t see where the locus of power is, that it lies with the interlocked networks of corporations that command advanced communications technology, not in “their” government.

So wherever we are right now is not necessarily where we’ll end up.

The coronavirus has changed everyday life for many around the world affords us the opportunity to take responsibility for each other—to leave the myth of individualism and blaming behind, but the problem: Google, Amazon, Apple, Facebook, Twitter, etc., are not “private companies” in any meaningful, real-world sense. These-are-private-companies like Facebook Twitter, Google, etc, simply aren’t in the real world.

These are private companies; they can do business with whoever they please and deplatform whoever they please. The myth of individualism has all but disappeared. 

Social media is legitimately criticized as a destroyer of your time. ( See previous Posts) 

The evidence for this is what happened in the Twitter presidency of the USA, the rejection of membership of the EU by England on lies, the Arab spring, and now the continuing coronavirus death toll.    

New social media uploads last as long as those who control information want them to last. 

Now, Biden says he wants “healing.” Biden-Harris “healing” will mean bowing before the cult of woke, a baffling concept because the awakened are still asleep.  

Of course, slavery is an abomination. Of course, there should be free speech. Of course, there should be full emancipation of women. Of course, there should be the defense of all the Great Freedoms, even religion. That is how we progressed to this lofty condition of humanity.

Lots of ideas fail when put into practice.

It’s worth pointing out, too, that today’s striven-for norms may well confound the concepts of future generations. Although the wokes, or the wakes, hold strong opinions now who is to say what other ideas may take over and differently bias the next to awaken?

One wonders if when the pendulum swings future generations might not come to regard the woke clientele as equally misguided, just as today’s woke contingent deplores the earlier generations that thought memorial statues and patriotism well worth it.

Meanwhile, Rule Britannia and Land of Hope, and Crosby may be held to refer to slavery but are all also part of the great learning curve of human progress.

Perhaps we should all start replacing the customary ‘Good Morning’ greeting with an abject apology for consuming the commonly shared oxygen supply of the planet.

Anyway, I’ve had about enough of hearing the whining of those who stand, head bowed, around the catafalque of patriotism.

The speed at which things have been unraveling in 2020 has been jarring. From normalcy to Pandemic Panic lockdown with maximum fear in a matter of weeks; from ostensibly united against the pandemic to if we were not careful to nationwide riots and cultural revolution in a matter of days not years. 

While the threat of the former will inevitably pass with time, the threat inherent in the latter is pervasive, aggressive, and emboldened.

Where do we go from here?

Even though we are living in a technological age every day we see appeals to save critically endangered animals, from Bees that are dying at an alarming rate, to Children, to Climate change. 

In the next decade, we will see more than a hundredfold boom in the world’s output of human genetic data thanks to Covid-19 from the cradle to the grave which will not save the Bees that pollinate our plants. I would say that relatively few people would on reading this think that the world they are living in is getting better.

What comes next is anyone’s guess.

Giving up your freedom, trusting “your” government, wearing your face mask, and by the way, getting the jab so you can go back to consuming, while the real economy drops into the worst depression of modern times.

We might be confused by what is happing in the world but we should not be deluded.

There’s always something we can do.

At the moment with covid-19 there is a lot of millionaires Davos verbal diarrhea on social media about a Reset – without any financial commitments – it is just multimillionaires and multi-billionaires spouting their neoliberal capitalist ideology turning nature into a product. 

There is huge inequality in the world and they are literally the representatives of the 1%, actually, the 0.001%.

The only thing that can be reset is Accountability and Transparency, with large financial fines for breaches of sustainability, while harnessing profit for profit’s sake to convert the world to green economies. ( See previous post: World aid commission of 0.05%  

 

 

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

THE BEADY EYE SAYS. THERE IS ANOTHER VIRUS CALLED MISINFORMATION.

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(FUNDAMENTAL FIFTEEN MINUTE READ. TO CHANGING THE DIRECTION THE WORLD IS GOING IN) 

This virus has no vaccine against it, it extracts data about our behaviors and using it to manipulate us. It flourishes on social media that preys on the most primal parts of your brain.

You sign up to it with the terms and conditions when you get online with Twitter or Facebook, Google, and more.

Companies like Facebook and Google have corporate goals and interests that are backing us into an untenable social framework, where these monopolies own and operate the Internet, outside societal influences, and democratic control, extracting data on a massive scale.

They own your content in precise ways, and they have precise aims for your content.

As well, and, most of the time, treating our private lives as raw material for their profit.  

Their algorithms are engineered to amplify the most extreme, angry, toxic, content with the intent to maximize data extraction thereby creating a huge societal asymmetry of knowledge and power – a whole new dimension of inequality. 

WE ARE LEARNING THE HARD ABOUT THEIR DESTRUCTIVE EFFECTS – the election of Donald Trump, the Arab Spring, Promoting Popularism, false news on everything, from climate change to covid-19.  

WITH THE CURRENT STATE OF AFFAIRS IT IS INTOLERABLE TO ALLOW MISFORMATION TO BE SPREAD WILLY NILLY WITHOUT VERIFICATION OF THE TRUTH.

  This commercial surveillance has to stop because the boundaries between the virtual and the real world are melting. 

We the people should have the right to decide what becomes of data and what remains private. What data is sharable and what purpose data should be used for. 

WHY?

BECAUSE OUR PUBLIC DISCOURSE RULED BY SOCIAL MEDIA IS BEING RULED BY A HANDFUL OF PEOPLE FOR THE SAKE OF THEIR PROFIT.

If we don’t in the not so distant future you will see algorithms with self-awareness or worse still self-aware robots.

Instead of massive concentrations of data to manipulate our commercial and political behavior, data becomes a critical resource for people and society to ensure we remove inequalities in society.

There is no room tweaking any of this to get us where we need to go.

Let’s not delve into whether social media are a boon or bane for society. Instead, let’s appropriate social media and use it as an extension of ourselves to reach out to others, and not as a replacement for our physical offline relationships…

Unfortunately, our political discourse is shrinking to fit our smartphone screens and it is too late to regulate or pass laws governing the use of Algorithms. Only the threat of the very large fines will get these platforms and the people behind to concentrate on this in an appropriate way.

Because the formulaic quality of social media is well suited to the banter it appears these days that you’re only as relevant as your last tweet.

WE NEED A FUNDAMENTAL WORLD RESET WITH AI TO TETHER INDUSTRIAL CAPITALISM TO EQUALITY NOT INEQUALITY.   

                                         ———————–

Facebook is basically an advertising company; they exist to make money, like all companies.

Even though Facebook has joined WHO and UNIFC to supply accurate information about covid-19 vaccines misinformation still finds a way on to social media where it combined to make a whirlpool of misinformation.

For example. A post like this.

10 years from now you will hear commercials that say ” if you took the Covid-19 vaccine between 2020-2021 you may be entitled to compensation”

                                      ———————–

 

The world is experiencing dramatic events that are leaving their mark not only on our society and our economy but on each and every one of us.

On the plus side of Ai technology, machine-learning algorithms are helping researchers understand the virus, identify the regions of the world with the highest contagion rates, and forecast the capacity needs of national health systems, with the aim—among others—of minimizing fatalities in the COVID-19 pandemic.

These algorithms can identify patterns of concentration, contagion rates, hidden similarities among cases, and, in general, allow for the aggregation of valuable knowledge that provides a more accurate global picture of the pandemic. More importantly, such algorithms can be used to protect communities that might be more vulnerable. For example, if an elder-care facility is located in an area with a high concentration of contagion, it should receive special attention to prevent unnecessary fatalities.

Prediction algorithms, together with fine-grained simulations can be used to forecast the evolution of the crisis.

For all these outcomes to be reliable, an important precondition is the trustworthiness of the data used with the algorithms.

                                       ——————–

Social media is run by algorithms, programs that spit out the things you see online, working in the background to come up with the things you see.

The interest of the corporation is fueling the content that you’re seeing.

However, when we are talking about algorithms on the internet or social media, you’re talking about people’s data going into a system and reworked preferences that come from that data input coming out. So you’re seeing the same sorts of things again and again when you’re expressing your preferences online.

So clicking on Google, YouTube, Twitter, the Facebook which are reinforcement systems based on existing preferences is about giving anthropomorphic agency to something that really doesn’t make decisions in the same way that we do.

Are they giving us beneficial moments, or making actual choices for us? 

The question is if algorithms just show us what we want, can they push us in different directions. 

Think about it in terms of what the algorithm wants and how it’s treating us by personifying the algorithm.

To sum up. 

They are inescapable and encrypted in individuals’ online lives constantly, ‘making autocratic decisions…to produce a single output and agonistic in influencing individuals becoming a key site of power in the contemporary mediascape with the ability to, ‘shape social and cultural formations.  

To date, we as individuals have granted algorithms the, ‘almost unimaginable power to determine what we see, where we spend, how we perceive.

Their power seems to be located in the mechanics of the algorithm.

However, it is in the hands of the individual to modify their opinions and perspectives to what has been put in order for them.

Every algorithm falls under a certain class.

Basically, they are-

1)      Brute force.

2)      Divide and conquer.

3)      Decrease and conquer.

4)      Dynamic programming.

5)      Greedy algorithm.

6)      Transform and conquer.

7)      Backtracking algorithm.

 

 

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

THE BEADY EYE ASKS. WHAT IS BORROWING? WHAT IS MONEY?

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(Fifteen-minute read)

 

As you know the workings of the world of finance are screaming compilated.

All money is created as debt and destroyed when repaid.

Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. ( Fiat money does not have intrinsic value and does not have use-value.) 

It has value only because a government maintains its value, or because parties engaging in exchange agree on its value.

There are three major theories regarding the origin of money:-

1 Money was created for trading purposes;

2 Money was created for social purposes;

3 Money was created for religious purposes.

Money is an unconditional means of payment, a token for wealth, worthless of itself, but symbolizing wealth because it is enshrined in law. It is then administered by Governments as a public resource, for and on behalf of the People.

Money today has no connection with earthly resources, and actually many earthly resources are diminishing while money (or at least the number on the pieces of paper) gets bigger and bigger.

I think we’d soon find out how money has stopped us from appreciating the true value of the earth we live on.

In the coming years, we need to get this reality of money out to everyone.

I imagine the scenario whereby ‘money’ in its present form disappeared in a flash, there would be no physical change in anything, just a lot of renegotiation.

With Facebook’s Libra looming on the horizon and the Covid-19 pandemic further depressing the use of physical cash perhaps it’s time for Central Bank digital currency (CBDC) to be introduced.

To give policymakers more effective tools to support the economy, particularly during times of crisis, while maintaining financial stability. Allowing central banks to distribute newly created public money directly to citizens rather than going through financial markets. 

What happens if the world does not return to normalcy within, say, a few years?

If so, governments will find themselves writing enormous cheques every month to sustain comatose economies. If that happens, all bets are off.

The bottom line is, we are not at the mercy of just a virus but a world economic depression with governments issuing epic amounts of debt. For now, confronted by an overwhelming emergency, governments have little choice but to engage in deficit spending on a giant scale, embarking on one of the greatest peacetime borrowing binges in history.

This is and should be raising many questions when it comes to borrowing, severely tests the question of how much the governments can borrow.

Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty will likely cost the global economy trillions. 

In fact, the urgent question isn’t whether countries can afford to take on more debt. It’s whether they’re taking on enough debt to fund the stimulus programs necessary to avert an even deeper downturn.

There’s a degree of anxiety now that’s well beyond the health scares which are very serious and concerning. No matter how expensive an outpouring of government aid may seem right now, it is cheaper than dealing with a depression down the road.

After all, it consists of one arm of government creating money in order to buy debt issued by another arm of government,  which looks perilously close to a shell game in which central banks monetize government debt and distort markets. 

The amount a government can borrow depends on many factors, such as

  • Does it print its own currency?
  • Do markets trust the government to maintain low inflation and not default?
  • What is the interest rate on government bonds?
  • What is the state of the economy?
  • What is the purpose of government borrowing?
  • To what extent is the government borrowing from domestic or foreign investors?

Should we worry about the long-term effects of this new borrowing?

Without question, the new debt will leave taxpayers with a significantly larger burden to carry in years to come.

Some commentators believe debt-challenged governments may eventually be forced to go even further and turn to “helicopter money,” a maneuver in which central banks would simply create money, without issuing any corresponding debt, and the government would funnel the new cash to people and businesses.

The lender of last resort.

If there is no lender of last resort. 

The nightmare scenario where the virus continues to suffocate the global economy for a year or more would lead to the unpardonable sin of blurring the distinction between fiscal and monetary policy.

Disaster Capitalism.  

But until we win the battle against COVID-19, and revive our battered economies, we are in uncharted territory. Best to not rule anything out.

The economic impact of the COVID-19 coronavirus will be different than anything we have seen before. 

This is the calm before the storm.

How far can a currency fall before the government has to protect its citizens from the effects of a worthless currency? 

STIMULUS DOES NOT NECESSITATE EXTRA DEBT.

Money should become Man’s servant rather than his master.

In fact, central banks act as a broker between the governments and private bankers who lend the nation its own national currency at interest.

It does this by issuing gilt-edged bonds.

Markets are allowing all the major countries to borrow plenty at ultra-low rates of interest, underpinned by Central Banks buying up a lot of the debt.

This only has to change where inflation picks up, which so far it has not.

Inflation reduces the real value of the government debt, but, that means people will be less willing to hold government bonds.  

Inflation will require higher interest rates to attract people to keep bonds. In theory, the government can print money to reduce the real value of debt; but existing savers will lose out.

If the government creates inflation, it will be more difficult to attract savings in the future.

But in an economic depression, inflationary pressures vanish so it is much easier to finance a deficit by borrowing.

So do government debt and deficits don’t matter.

2021 will be the first year where the three main economies or trading blocs of the world – the US, the European Union (EU), and China – will refocus their efforts on fighting climate change.

Can the world afford this avalanche of new borrowing?

With the coming economic depression and the need to redefine our association with nature, while addressing climate change, and getting control of the pandemics there is no choice. 

It sticks out like a sore thumb if we are to win the war against this virus inequality has to be addressed by paying for the protection of our ecosystems.

In other words, to make it less profitable to destroy rather than to create. 

This can be achieved without the need to borrow with the technology we have at our disposal by placing a 0.05% World Aid Commission on all activities that generate profit for profit’s sake. ( See previous posts) 

All human comments appreciated. All like clicks and abuse chucked in the bin.)

 

 

 

 

 

 

 

 

 

 

 

 

Once society gains control of the issue of money, it cannot let the bankers issue money ever again. 

 

 

providing a safe public form of money and breaking the oligopoly that banks currently have on the digital money and payments system.

 

It does need standards and global agreements but the potential advantages clearly outwiegh the disadvantages.

endorsed digital currency is the way forward> this potentially is a great (and cheaper) way to distribute money to where its needed and this is more importnat than ever right know for obvious reasons.

Created money is already inflationary,

 


BORROWING COMES IN FORTY SHADES OF GRAY

a surge in misleading and unsubstantiated medical advice since the Covid-19 outbreak.

The first is that borrowing has been historically high in recent years following the financial crisis in the late noughties,

the deficit

GDP reflecting the need to spend and borrow to win the war.

Bank of England is buying in substantial quantities of the debt.

There is no need to count the interest paid on the debt owned by the Bank of England, as taxpayers and government get that receipt.

The debt taken on by the UK now has to be serviced by the following generations. And what are they getting in return for that debt? Just about nothing.

Quantative easing, which is bond buying by central banks

as it’s known in the jargon –

 

Covid is going to be around in the world for decadesa

possible total deficit of £7 trn by 2050.

By hoovering up domestic bonds, these central banks are creating artificial demand for bonds and thereby driving down interest rates (which move in the opposite direction to bond prices).

Central banks’ balance sheets are expanding furiously as they gobble up government bonds and other forms of debt.

 

 

THE BEADY EYE ASKS. IS IT TIME TO STOP ANONYMITY ON THE INTERNET.?

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( Ten-minute read) 

Since the internet was in its infancy, the rights of users to use it to express their opinions were sacrosanct.

However, there is a price for “free” internet, and that we’ve given up more of ourselves than we ever intended to.

Concern already exists that Facebook and similar social media platforms act as echo chambers that validate opinions we already hold – fuelling precisely the type of extreme views that Facebook says it has a right to edit.

Might this new position simply result in more fake news?

The Internet has and is empowering masses of people by access to world-wide information sources, education, and communication but what is now considered permissible and acceptable online is shifting.

The question is with this newfound freedom, that is influencing every aspect of our lives for good or bad, should we be requiring people to register their identity when using the internet.?

If so how.

It would be true to say as we have become constantly connected, none of us are as anonymous as we think.

George Orwell presciently realized that if citizens don’t know what is true and what is false, they can’t make a judgment about what to object to in their lives.

Is it time to introduce an online digital passport to eradicate individual desires, such as credulity, abuse, gender-swapping, exploration, radicalizing, hacking, trolling, spreading false news, promoting popularism groups, bullying, racism, the list is endless? 

( Article 19 of the Universal Declaration of Human Rights says. 

“Everyone has the right to freedom of opinion and expression; the right includes freedom to hold opinions without interference and to seek, receive, and impart information and ideas through any media regardless of frontiers.”

The GDPR and the Data Protection Act 2018 give internet users the right to privacy and the right to withhold their personal details.

The Malicious Communication Act 1988 and the Communications Act 2003 make it possible to prosecute “trolling” – and many other forms of online harassment are also now covered by the legislation. )

Platforms on the internet avoided liability by claiming they were “mere conduits” of these views and not “publishers” of them.  The argument goes that this includes protection for freedom of expression by the right to remain anonymous online.

So which should remain enshrined: freedom of speech or freedom from abuse?

The world feels smaller and we’ve celebrated this but in any human population, there will be people with irreconcilably different understandings of the truth.

Repressing speech has costs, but so does allowing it.

The world, however, has changed, and many of us may be in the time warp of old values. Human beings are poor witnesses, easily misled by a personal bias, profoundly influenced by their social environment.

As products of their society, social media and journalists are no exceptions. 

The world is now a much more dangerous place, not because of Covid -19 which is plunging it into a Depression with social media exposing a system of governance corseted by greed – profit before the people. Then, on the other hand, social media is like cancer at the heart of societies spreading the news, not what the facts are, but what men wish to see.

The press once seemed to have a conscience, thanks to history’s painful social conflicts and questions of war and peace.

Social media is not concerned with any historical lessons it being a wildfire of the short-term reactions of unfounded populism without any in-depth investigative journalism.      

It is becoming impossible to distinguish between paid news and actual, unbiased news.

You could say that the world has more pressing problems.

However, our current and future problems, like the internet, are all interconnected.

Shifting trends and the advancement in communication technology require a re-examination of the underlying principle and its application in new contexts.

There are attempts to get some control.

Free-speech advocates typically claim that the value of unfettered expression outweighs any harm it might cause, offering assurances that any such harm will be minimal.

Because like several other precious freedoms, free speech must be placed outside the reach of political exigency.

Unfortunately, or fortunately, it is impossible to pass binding regulations or laws that don’t restrict the sanctity of free speech.

Free speech or the freedom of expression is the modern civilization’s most precious gift to human society but it can’t be reaffirmed by drowning out its opponents.

                                                         ————

The issuing of Digital Passports could not be left to the whim of Facebook or any other internet providers.

Also “Digital identity solutions leave us open to data exploitation with the valuable data from these solutions (being) used for other purposes, so governments could not be involved in their issuing other than making supporting laws with large fines. 

The most obvious hitch in this plan is that not everyone has a smartphone,

With the current Pandemic and vacations, there will be an attempt to introduce Covid-19 free digital health certification (Of course, this would only be applicable to people with smartphones.) and they could become a prerequisite for some activities.

But for now, we’re many steps removed from that kind of streamlined process even becoming possible. Widespread adoption of so-called immunity passports would require a level of coordination and organization uncharacteristic of any country’s response to COVID-19 so far.

So here is the challenge. 

Is it possible to create a Digital Passport that is unhackable, that can be applied for online, that would combine your present Passport information, that you could use to vote, to register an internet identity, and carry your medical history. 

People would only accept such a thing if it commands public trust.

As evidence with the recent election in the USA entrusting your democracy to a black-box proprietary system that is subject to hacking, glitches, and errors, but NOT subject to scrutiny, analysis, or independent verification, is the surest and quickest way to lose your democracy. 

However, creating an internet user register could be possible not only authenticating the user but making it more transparent and ensure that users have the right to remedy when wrong decisions are made.

As for platforms, they know what they need to do because civil society has told them for years.

Just in case they have not got the message they should ensure that the decisions they make about speech are in line with global human rights standards, rather than making the rules up as they go.

 

 All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

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