F.E. Smith

BBC has an interesting article on predictions made by F.E. Smith, a British aristocrat. These were predictions made in 1930 for the year 2030. BBC calls them “strange”. A couple really are strange, but several of them either have come true or still could by 2030. If technological progress is truly exponential, then 2015 is too soon to rule out any outcome for 2030 – remember the old saw about the lily pond and day 29.

  • average lifespan of 150, and a cure for cancer – there have been huge gains in lifespan, but obviously nowhere near this; but it could still happen; I’m reading The End of Illness by David Agus right now. One of his points is that the discovery of highly effective treatments for infectious diseases (antibiotics, etc.) has led to a focus on disease as an invader to be fought, rather than a focus on the patient’s body as a complete system, which is what is needed for better cancer treatment. He is not optimistic about a cure, but thinks that with better prevention and early detection most people could live healthy lives to 100 or more. I am also reminded of Long For this World, a book about Aubrey de Grey, who has proposed a radical (and seemingly drastic, not to mention painful) cure for cancer that he believes could allow people to live for hundreds or even a thousand years.
  • a 16-24 hour average work week – certainly this is not the average work week for people who work today. But is it so weird? This guy probably knew John Maynard Keynes, who was making exactly these sorts of projections based on long-term increases in productivity (Economic Possibilities for our Grandchildren). These productivity increases, and related increases on overall monetary wealth, actually have come to pass. But two things have happened. First, the wealth is distributed unevenly, so that some people don’t have to work at all, while others have to work a lot. Of the richer countries, a few in Northern Europe have taken steps in the direction of sharing both wealth and work hours, while the Anglo-American countries and emerging Asia generally have not. Second, as we have become wealthier, we have come to see some things as necessities that would have been seen as luxuries in the past. Air conditioning comes to mind. Robert and Edward Skidelski talk a lot about these issues in How Much is Enough.
  • a color TV in every home 🙂 which would lead to a return to direct democracy 🙁
  • synthetic meat – has already happened in the lab, almost certainly will be commercialized by 2030 I would think
  • new “physiologically pleasant substances…as pleasant and harmless…” 🙂 “…as tobacco” 🙁

Books I mention above (which I am not selling):

December 2014 in Review

At the end of November, my Hope for the Future Index stood at -2.  I’ll give December posts a score from -3 to +3 based on how negative or positive they are.

Negative trends and predictions (-12):

  • When you consider roads, streets, and parking, cars take up more space in cities than housing. (-2)
  • The latest on productivity and economic growth: Paul Krugman says there is risk of deflationary spirals in many countries, and the U.S. economy is nothing to right home about. (-1)
  • There are a few legitimate scientists out there warning of sudden, catastrophic climate change in the near future. (-1)
  • Automation (meaning robots and AI) is estimated to threaten 47% of all U.S. jobs. One area of active research into automation: weaponry. Only one negative point because there are also some positive implications. (-1)
  • Margaret Atwood’s Year of the Flood is a depressing but entertaining reminder that bio-apocalypse is possible. (-2)
  • Before the recent rains, the drought in California was estimated to be a once-in-1200-years event. Major droughts in major food growing regions are not good news, especially with depletion of groundwater, and loss of snowpack and glaciers also in the news. (-2)
  • William Lazonick argues provides evidence that the rise in the gospel of shareholder value correlated with the growth slowdown that started in the 1970s – his explanation is that before that, retained earnings were a cornerstone of R&D and innovation in the economy. Loss of a point because it’s good to hear a dissenting voice, but the economy is still run by disciples of the profits for now. (-1)
  • Elizabeth Warren and Bernie Sanders are warning that the U.S. financial system may still be dangerously unstable. (-2)

Positive trends and predictions (+6):

  • There are some new ideas out there for teaching computer programming, even to young children: Loco Robo, Scratch, and for-profit “programming boot camps”. (+1)
  • You can now get genetically customized probiotics for your vagina. (+1)
  • There are plenty of ideas and models out there for safe, walkable streets, some as simple as narrower lanes. But as I point out, the Dutch and Danish designs are pretty much perfect and should just be adopted everywhere. (+1)
  • I linked to a new video depicting Michael Graves’s idea for “linear cities“. These could be very sustainable ecological if they meant the rest of the landscape is left in a mostly natural condition. I am not as sure about social sustainability – done wrong, they could be like living in a mall or subway station. This was one of my all-time more popular posts. (+1)
  • There are new algorithms out there for aggregating and synthesizing large amounts of scientific literature. Maybe this can increase the returns to R&D and help boost innovation. (+1)
  • There will be several international conferences in 2015 with potential to make real progress on financial stability and sustainability. The phrase “deep decarbonization” has been uttered. (+1)
  • Some evidence suggests that the oceans have absorbed a lot of global warming over the past decade or so, preventing the more extreme range of land surface warming that had been predicted. This is a good short- to medium-term trend, but it may not continue in the long term. (+0)

change during December 2014: -12 + 6 = -6

Hope for the Future Index (end of December 2014): -2 -6 = -8

A realistic leverage point for one-planet living: more compulsory vacation in the rich world

This article in System Dynamics Review advocates requiring more vacation time as a tool to decelerate growth in humanity’s ecological footprint. The idea is logical enough, but politically very hard if you ask me. The only way it might be politically possible is in the wake of a crisis, like a famine or sudden shift in climate, that is big enough to be a major wakeup call to the rich countries but small enough that it doesn’t kill a big fraction of humanity (which would decrease our ecological footprint footprint of course, but at an obviously horrible cost.)

As envisioned by Keynes in Economic Possibilities for our Grandchildren, reducing work hours could make sense if it is done in parallel with productivity and wealth increases, and policies that address a fair distribution of the new wealth created by those productivity increases. This brings us back to trying to steer economic and technological growth in a more sustainable direction, trying to at least postpone and limit the next crisis, but having some ideas on how we might take advantage of the next crisis when it happens, while hoping it is not the one that wipes us out.

taxi medallions and creative destruction

The Washington Post has a pair of interesting articles on taxi medallions. The first article claims that taxi medallions have been the “best investment in America for years”:

In New York, taxi medallions have topped $1 million. In Boston, $700,000. In Philadelphia, $400,000. In Miami, $300,000. Where medallions exist, they have outperformed even the Standard & Poor’s 500-stock index. In Chicago, their value has doubled since 2009.

A medallion is an asset that an entrepreneur or corporation can buy. They then rent out the right to use the medallion, receiving an income while hoping the asset will appreciate, which in the past it always has. Not surprisingly, since they have been such a good investment, there is a whole financial industry that has grown up around them, which is the focus of the second article. There are companies who specialize in lending to taxi medallion investors.

The 23-page market report warns of “financial ruin” for Medallion Financial Corp., a 70-year-old company that has long lent money to drivers and investors in New York, Chicago and Boston looking to buy expensive taxi medallions. The coveted assets give owners the right to operate taxicabs, and for decades they have been the best investment in America, providing a steady business for a company that goes by the ticker symbol TAXI.

But the market report, released to the media on Thursday at a time when transportation companies Uber and Lyft are threatening established taxi markets across the globe, predicts a much darker future. “Medallion Financial,” it reads, “has left itself and its shareholders exposed to an economic reckoning rarely observed in free-market economies – the collapse of an asset class propped up by decades of government-sponsored, monopolistic entry barriers with the sudden, unconstrained introduction of new supply.”

So it’s very clear why the owners of these assets are fighting for government regulation to outlaw use of the new technologies that might provide better service and better value. They might hold back the tide for awhile, but technology and consumer expectations will continue to evolve, and ultimately history is not likely to be on their side.

 

best of best of 2014

This time of year, you pretty much have to do a “best of” post. I’ll get to a review of some of my own posts eventually, but in the meantime here are a handful of “best of” posts. I actually don’t know if they are the best of the best of, but they are just a few that caught my eye.

  1. from Wired, The Best and Worst in a Tumultuous Year for Science: Despite the annoyingly un-reader-friendly slide show format, there are some serious eye openers here, such as synthesis of completely new, man-made DNA base pairs; custom-designed monkeys with a “gene-editing system”; a potentially huge breakthrough on diabetes; and a study concluding that the number – not the number of species, but the actual number of wild animals – has decreased by half in the last 40 years.
  2. Longreads Best of 2014: Business Writing: This links to some great articles on education reform, the status and future of Microsoft, and Airbnb. But be warned, these are some seriously long reads!
  3. Economist Money talks podcast, End of year edition. I would always rather read the transcript, but still this goes through some major trends from the year like oil prices, financial regulation, Uber and Lyft, and is worth a listen.
  4. from Wired again, The Best Science Visualizations of the Year. Some interesting ones depict “genetic activity of ocean bacteria”, loss of Arctic summertime sea ice, and the origin and early spread of AIDS.
  5. From Urbanful, Film’s 6 coolest (fictional) hydrid cities. Yes, the Los Angeles version of Blade Runner makes it. So do Gotham City and Metropolis, which are described as “New York by night” and “New York by day”. Finally, “Big Hero 6, the first collaboration between Disney and Marvel, takes place in the futuristic city of San Fransokyo, a fusion of San Francisco, California and Tokyo, Japan.”
  6. One more from Wired: The Craziest Sci-Fi Fantasies That Got Closer to Reality This Year. There’s plenty of Star Wars vs. Star Trek here, but my favorites are that you can now get your dog cloned in South Korea, and a “cheetah robot”.

Happy new year!

health care cost-effectiveness

Here is an interesting blog post on the “forbidden topic” of health care cost-effectiveness. It’s hard because at the personal, human level life and health are of course priceless. But at the scale of a country or civilization with limited resources, there are choices to make, and better information should allow better choices.

Research in this area can be difficult to perform. One of the reasons is that it’s not always easy to measure health outcomes. Some things, like death, can be relatively easy to define, but how do you quantify having diabetes,asthma or a seizure disorder?

A robust methodology exists for doing so, based upon the expected utility theory of John von Neumann and Oskar Morgenstern. Asking people to consider what risks they will take to avoid certain health states, a technique known as the “standard gamble,” can yield what we call a utility value. Another method, which asks people to think about the trade-off between a shorter life in perfect health and a longer life in an unhealthy state (this is a “time-trade-off”) can also be used to determine a utility value.

When you take a utility value and multiply it by a number of years, you can calculate “quality-adjusted life years,” or QALYs. So if interventions improve quality or add years of life (or both), the number of QALYs goes up. Taking the cost of a therapy and dividing it by the number of QALYs gained results in a measurement of cost effectiveness.

programming boot camp

Here’s an article about computer programming boot camps. Marketable job skills are an important thing. Being an educated person who can understand systems, solve problems, and make ethical choices is also a good thing. These two types of education are complementary, but one does not guarantee the other. Corporations are interested in skills because they are trying to exploit some microscopic niche in the economy to make a profit. And that is where most skills apply – in those microscopic niches. When you are exploiting a microscopic niche, you are not thinking about consequences outside your niche. So if that is the only thing we do, it will eventually be possible for highly skilled, highly intelligent, well intentioned people to collectively manage to run our civilization into the ground.

sea vs. land warming

According to a guy named Ka-Kit Tung, we have seen less land surface warming than expected in the last 15 years because the heat has gone into the oceans instead. He thinks the trend of land surface warming will eventually resume. Is he worried about some sudden reversal where the heat trapped in the ocean would suddenly be released? No.

Nobody knows how long the current pause will last. Nonetheless, at some point, the natural cycles will shift; the oceans will cease to absorb the bulk of the planet’s warming; and surface temperatures will begin to climb again. When they do, we can expect the increase to resume the rapid pace observed during the late twentieth century, when surface temperature rose by about 0.17 degrees Celsius every ten years.

In the meantime, whether the overall risk to our environment has been reduced by the pause remains an open question. Some argue that what went down will eventually come back up. The sloshing back and forth of warm and cold waters – El Niño and La Niña – in the shallow layer of the equatorial Pacific Ocean will continue to produce fluctuations in surface temperatures every year. Over longer periods, however, the risk that the heat currently stored in the deep ocean will resurface is remote.

Who is this guy? He is “a fellow of the American Meteorological Society, is Professor of Applied Mathematics and an adjunct professor of Atmospheric Sciences at the University of Washington.”

If we are saying some end of year thank yous, I would just like to say, thank you, ocean, for keeping our planet habitable for another year.