Today’s financial system is a product of the Industrial Age, a comprehensive financial system designed to address the needs of industrialization and to fulfill the two-eight theory. What is the two-eight theory? It’s about investing in the 20% to solve 80% of the problem. And the future of the financial system is about the eight-two theory, helping 80% of small businesses and young people to drive the other 20% of people. We must transition from the old way of people looking for money, businesses looking for money, to money looking for people and money looking for good businesses. The only standard to evaluate this system is whether something is universal, inclusive, green, and sustainable. The cutting-edge technologies backing this standard, like big data, cloud computing, and blockchain are already ready today to take on this huge responsibility.
Ramachandran had the genius idea to place a mirror next to the amputee’s intact limb. When the patient sits in the right position and the mirror is set at the proper angle, the reflection of the intact limb looks to the patient just like a copy of the missing limb, and in a location where that missing limb would naturally be. Movements of the intact limb are visually processed by the patient’s brain as copycat movements of the missing limb as well. Thus, if a patient is feeling pain in their phantom right arm, watching a mirrored reflection of their left hand clench and unclench a fist can train their brain to realize that the (missing) right arm is not at all contorted in a manner that should cause pain. For cramping and other muscular pain in the phantom limb, Ramachandran’s procedure is remarkably effective.
This post discussed the three plausible mechanisms of human extinction caused by nuclear weapons. The fact that one of these mechanisms, nuclear winter, wasn’t characterized until the 1980s, is a good reminder of the possibility of unknown unknowns. While nuclear tests provided information about the effects of these weapons, the test environments were significantly different than war environments. Large model uncertainties remain. Given that the greatest existential threat from nuclear war appears to be from climate impacts, it would be great to see more researchers study the climate effects from nuclear war and the resilience capacity of different human groups.
Almost all scientists and ethicists agree that so far, nobody has created consciousness in the lab. But they are asking themselves what to watch out for, and which theories of consciousness might be most relevant. According to an idea called integrated information theory, for example, consciousness is a product of how densely neuronal networks are connected across the brain. The more neurons that interact with one another, the higher the degree of consciousness — a quantity known as phi. If phi is greater than zero, the organism is considered conscious.
Two things happen when you’re caught off guard. One is that you’re vulnerable, with no protection against what you hadn’t considered. The other is that surprise shakes your beliefs in a way that leaves you paranoid and pessimistic. Driving by car surged after 9/11 as people avoided air travel, leading to more excess car deaths than casualties from the actual terrorist attacks. After Pearl Harbor it was a foregone conclusion, doubted by few, that Japan would soon attack California.
An important lesson from history is that the risks we talk about in the news are rarely the most important risks in hindsight. We saw that over the last decade of economists and investors spending their lives discussing the biggest risk to the economy – was it Ben Bernanke’s monetary policy? Barack Obama’s fiscal policy? Donald Trump’s trade wars?
View and Listen
Fast-forward through a history of human artefacts, from arrowheads to plastic toys
A cyclical, forgetful Universe – Roger Penrose details an astonishing origin hypothesis
A group of Swedish skiers and snowboarders travel by train and boat from Stockholm, through Russia, to Japan
Clifford Woolf, a renowned expert on understanding pain, talks about the biology of pain.
John Mackey, the C.E.O. of Whole Foods, speaks about “conscious leadership” to the behavioral roots of the obesity epidemic.