The Awesome Science of Chinonomics

Gordon Gekko famously quipped “ greed is good ” in his iconic Wall Street 80's movie. The phrase came in the middle of an era of deregulation and liberalization. A phase where "shoot for the fences" was the name of the game. Financial markets then became more of a cumulative distillation of the collective psychological state of its participants. And now, just as then, greed-dominated markets engender euphoria, happiness and (even if only fleeting and paper-based) great wealth. Fear-induced markets are the mirror image of the former, degenerating into panics, wealth destruction and (in some tragic cases) even death .  Fear is connected to the negative. It’s why policemen shoot first and find out later. It's how some autocrats gain power over a very fearful electorate. Why politics have become so toxic as of late, and why the youngest generation these days is  despairing and gloomy  (where 60% of them "experience persistent feelings of sadness or hopelessness"...

We're instinctive animals. We act in accordance to what we feel: anger, happiness, compassion, pain. Your body is an evolution-optimized "soft machine"  whose actions can be traced and explained by specific emotions.  You are cold? You get a blanket. The pain your nerves communicate to your brain prompts you to act and look for warmth. You're angry because somebody flipped you off on your commute to work? Your return the gesture, or even escalate by cutting him/her off at the first chance.   Emotion begets actions. We are slaves to the whims of our feelings. Entire religions and eastern traditions are built around the concept of achieving control over what we feel and emote. Nobel prizes are given to those who invent  new branches of knowledge which merge psychology and economics (“behavioral economics”), based on the idea that our emotions makes us act stupidly.  This is evidently a huge blind spot in all of us. A vulnerability that's been exploite...

One of the most ironic things about the political revolution that manifested itself with battle cry " Make America Great Again " is its inherent ideological contradiction. Although  Trump supporters   never explicitly explain what " America " they want to bring back, implicit is the notion that they want to see again the dominant, stable U.S. of the post war II period. A country characterized by economic stability, a rising  middle class;  a country where people could pay for their own college education with a waiter's wage, and where corporate employees could rely on the certainty that their corporation looked at them as life partners who deserved to retire with juicy defined benefit pensions.  Where's the contradiction, you ask? Well, the political leaning of the era --the one that allowed stability and prosperity for its middle class--was markedly left-leaning: the New Deal  of FDR, the Great Society of LBJ. Even Republican Eisenhower knew better than go...

It finally ended. The year we all will never forget won't be with us any longer. Which means nothing, really, since 2020 didn't really bring us all the bad stuff we suffered through the last 12 months. In an effort to unload all of our frustrations about the things we would like to have happened differently this year, we are going to say " fuck you 2020 ", " good riddance ", " 2020, you will not be missed " etc. etc., but the reality is that calendars are nothing more than arbitrary cutoffs we agreed upon simply because we needed to keep track of time. This planet happens to circle our star once every 365 days, so we had to start counting one day out of those 365. That we started counting the terrestrial journey around the sun 6 days after winter solstice is as random as the reason why The Mona Lisa is the most admired work of art in human history --a guy made it famous (because he stole it), and then enough people agreed it was beautiful (why, I d...

We are nothing more than little ants fighting disorder in our immediate environment living in a universe trending towards chaos. From our insignificant, unilateral (human) viewpoint, we are always striving to minimize surprises. That's the brain evolution gifted us . And when surprises appear, we learn , hoping to apply what's learned in our next interaction with our environment, so we hopefully survive. Ok, maybe not "we" , but our genes, because we're really just the vehicle genes use to perpetuate themselves into posterity.  If only us little ants' fight was costless. Every time we strive to reduce disorder locally (reduce entropy), and rearrange our environment so that it's less hostile to us, we actually increase disorder (entropy) in the overall universe. When we chop down forests to dedicate that land for human crops, and we reduce the threat of going hungry (reducing entropy from humans' perspective), we actually increase entropy at the planet...

I've been told that I am a negative person. And of course, I don't think I am. My motivated reasoning kicks in and immediately tells me that I can't be that negative . But then I stop to think about it and realize that I might be,  after all . Always looking at the phone for the news-break --which are generally negative. Sharing the latest story about a potential pandemic , or about locust swarms blanketing africa , or about the potential WWIII-triggering assassination of an Iranian Commander . Or about the Puerto Rico earth-quake . Reflecting upon that, I've settled upon a couple of ideas. Yes, I pay more attention to the negative stuff. And I share it as soon as I can (at least the significant parts). But I don't think that makes me negative . I think that makes me human. I am, just like everyone else, equipped with a bunch of mental quirks that make me (and you) gravitate towards anything threatening around you. When we are reminded of all the progress that ...

The human brain is a marvelous adaptation. More than that. It's our super weapon. If we measured its capacity in bytes, it would be equivalent to 2.5 petabytes (or 2.5 million Gigabytes). For those who want to measure it in more palatable units, that's roughly 3 million hours of TV shows . No wonder why it's such an energy suck : with only 3% of our body mass, it uses 20% of the body's total blood supply and 25% of its oxygen. Our brain is what made us competitive in nature, what's allowed us to increase our standard of living, and what facilitated the domination of the elements for the exclusive and selfish benefit of our kin. And maybe, too, for the benefit of one or two super lucky chosen species that we like over the rest of the animal kingdom because we happened to breed them to our liking. But before we dominated the planet, natural selection was this randomized process of trial and error in which each species could get better generation after gener...

You could say that parasites are evil creatures. They're selfish, manipulative, and insidious. When they infect a host, they hope they don't kill it while they live within (since killing the host would mean killing itself). In that sense, parasites are tangentially symbiotic with the living things they infect. They existentially need a propagator --a host to help them spread themselves as efficiently as possible. Parasites can even take reign of the infected being's behavior for their own benefit: Sneezing is the common cold virus' effective way to propagate itself. Cuddling is the way an infectious virus makes kids look for closeness, so the infection jumps easily to the next host. The Gordian worm manipulates the brain of an infected cricket into jumping into water in order for the worm to mate. We rarely stop to think about this, but interwoven ideas (Narratives) are parasitic, evil body-less "creatures" too. Like parasites, Narratives can't surviv...

Reality is what you perceive it to be. That much is obvious. We were bred this way by nature, and it is thanks to this ability to react to our individually perceived reality  that we are where we are as a species, for better or worse. That we are social animals is no surprise, either. We pick teams , pledge allegiances to like-minded groups, mimic the behavior of other people, and fall for mental shortcuts  that inform our decisions ( many times to our own detriment ). That social networks exploit these bad habits of ours is also exceedingly clear by now. But what about Governments? They don't necessarily need armies of patriotic trolls hawking dissident Facebook users to shape the collective discourse. Forget for now about the fact that Facebook is literally teaching the authoritarian governments of institutionally weak countries how to harness the evil powers of the network to sharpen their manipulation skills and their grip on society.    All Governments ne...

There used to be a time when the internet was not a winner-take-all mad dash for world dominance. Steven Johnson taught me that.   In the beginning, developers of the foundations of the interwebs created open protocols for the benefit of all, free of charge. Many times under the auspices of the government. That internet still lives on in the guts of what we all experience online nowadays. You just don't realize it, because you pay no licensing fee for the use of the HTTP protocol. No company profits from your use of email protocols POP, SMTP or IMAP, either. They're just there. Built for your benefit by someone who was not tying to hit the next unicorn and become a billionaire (or trillionaire ?). Johnson calls it "InternetOne": the layer of the internet created by distributing its benefits to everyone who cares to join. Cryptocurrencies are an example of it. They distribute the benefits among those participate (through mining) so the network grows. Capitalis...

Our mind is a surreptitious and tyrannical ruler. We may have a sense of self consciousness (some of us a very  inflated one), but so many vestigial processes rule our brains' functioning that we fail to fathom how little room we actually have to exercise our freedom. No organ in our body has been more shaped by the "trial-and-error" process of evolution than our brain. Our irrationality, biases, fears, addictions, and phobias are all somehow anchored in an ancient and obscure vestige behavior that allowed our ancestors thrive past through harsh conditions. Don't know about that gag reflex that prevents you from drinking perfectly  safe purified sewage/toilet water? There's a reason we innately find excrement and fetid matter gross. Couple thousand generations ago our brains had to incorporate this preservation mechanism to avoid dysentery, cholera, and many more nasty digestive-born diseases. Ever heard of trypophobia , that irrational repulsive reflex t...

There seems to be hysteria these days around AI and algorithm-based consumption. The algorithmic economy  threatens to bring to the realm of the tangible that totem of economic dogma called the "invisible hand." Computers are finally linking --through big data-- individuals' behavior with algorithms that sort them, allowing machines to predict reactions: the "invisible hand" materializes(!). Nothing like predicting human conduct to be able to make money. That damned watch I dared to search for 3 weeks ago in a moment of stupid leisure has haunted me everywhere I go on the internet. Please, stop it Google. I'm not buying it. The idea that we are just soft machines  is a fascinating one. It feeds the collective dread of an algorithmically-dominated Armageddon, making people fret about a time in the not-so-distant future when we will decide nothing for ourselves, and when everything will be dictated by an algorithm --surreptitiously creating the illusion of  ...

Technology has always been feared and revered at the same time. It has always been this dual destructive/liberating boogieman/hero that divides people. And with good reason. The way it eases human life can be addictive --sometimes pathologically so. But also disruptive (the word has been used --and abused --  ad-nauseam lately). We know what happens when new things disrupt the way we live our lives. Our conservatism bias (that miniature devil who sits on our shoulder and keeps us stuck at the same jobs for years and years) fights the heck out of it . These days there's been a plethora of analyses about the way technology will reshape  jobs around the world. The topic is ripe with speculation. Will it create an army of destitute willing to wage revolutions to fight to get their stolen livelihoods back? Will it save us from the planet's resource depletion ? Will it allow for people to adapt  and learn new skills to complement the technologies that will automatize (i.e. ...

It appears that "hacking" is in the news  lately. Often . And I mean,  big time . The meaning of the word is almost unanimously attached to an act of law-breaking with the clear, malicious intent of stealing someone else's property. But not everyone  grants this buzzword a bad meaning, no. The Zuck is famous for turning its meaning around to make it appear something idealistic --grandiose even. "Hacking," he says, is the trade of heroic, altruistic visionaries who are doggedly determined to make the world a better place --for example, by attempting to  bring internet to the entire Saharan Africa. Forget about the fact that starving people in poor countries and desolate refuge camps can't sustain on a kilobyte diet. Internet, the wacky  technorati  elite trumpets, is to become the end-all-be-all of human prosperity. Hacking, the way I understand it, is gaining access to the inner workings ("the code") of something to be able to manipulate it fo...