Tuesday, July 5, 2016
The failure of finite elements
Thursday, June 30, 2016
Cognitive monopoly
The nascent wave - machine cognition - has the monopolists scrambling to get the upper hand. In this wave, capital, as measured by megaflops and terabytes, has a significant advantage. The leaders, plush with computing power, seem to believe that there is nothing that may challenge their positions. Their expectations of technology acceleration appear optimistic but nonetheless we appear to be progressing at an interesting enough trajectory. Although many, including the world's leading scientist, are worried about runaway artificial intelligence, one could argue that there are more prosaic worries for the 7 billion around the world.
Monopolies generally destroy societal value. Even those with a charitable frame, acquire the disease of "God complex," as the money begins to flow in. Humans are simple, driven by ego and an objective function, either biased toward basic necessities or irrational attributes that are difficult to tease out. Contemporary humans can be easily classified by intuition, without even the need for the simplest of algorithms - Nearest neighbors - into those with access to information and those who do not. Politicians and policy makers have been perplexed by the fact that such a simple segmentation scheme seems to work in every part of the world population from countries to counties and cities. Cognition monopolists will make it infinitely worse.
Can Mathematics be monopolized? The simple answer is yes. In a regime of brute force over highly available computing power for a few, answers could be found by the blind and the dumb. Perhaps, there is still hope for the rest as we have seen this movie before.
Saturday, June 25, 2016
Clans continue
Technology - aircrafts, computers and the internet - opened up the modern economy in the blink of an eye. Economists, excited by the possibilities, argued for the opening up of countries, continents and economies, but they did not realize the behavior patterns integrated deeply into the human psyche. Countries cling to their languages and apparent cultural nuances aided by politicians who in autocratic and socialistic regimes seem to have convinced the populace that they can implement strategic policies that will make their countries, "great again." In advanced democracies, a larger percentage of the population, seem to have self taught the same ideas and in some rare cases they have found surrogates, who will sing the same tune as the autocrats, even though he/she does not know the words to the music. A dangerous trend has emerged in clans that profess to be democratic and sophisticated. The question is whether learning from mistakes is possible - something that made humans successful in the past. Ironically, in the complex modern economy, the outcomes are not clearly observable and often has long cycles. Getting mauled by a tiger is immediate feedback but having a stagnant and deteriorating economy has little feedback for the larger population.
The modern economy, still largely driven by the clan instincts of the seven billion that occupy the Earth, cannot be shocked out of its stupor by logic. Perhaps photographs from space that show the little blue spot in the midst of chaos may appeal to the artistic side of humans. Little closer, they will find no demarcations as depicted on maps and globes. After all, humans have shown great capabilities to think abstractly, albeit, such thoughts are not often tested by logic.
Saturday, May 28, 2016
Redefining Intelligence
However, can the speed of pattern finding be used as the only metric for intelligence? Certainly in prototypical systems and societies, efficiency in finding food (energy) and fast replication are dominant. Pattern finding is likely the most important skill in this context. If so, then, one could argue that the status-quo definition of intelligence is a measurement of a characteristic that is most useful to maximize a simple objective function, governed largely by food and replicability. At the very least, a thought experiment may be in order to imagine intelligence in higher order societies.
If intelligence is redefined as the differential of the speed in pattern finding - an acceleration in pattern finding - then it can incorporate higher order learning. In societies where such a metric is dominant, the speed of finding patterns from historical data, albeit important, may not qualify as intelligence. One could easily see systems that have very slow speed of pattern finding at inception if energy is focused more at the differential, allowing such systems to exponentially gain knowledge at later stages. Sluggish and dumb, such participants would certainly be eradicated quickly in prototypical societies, before they can demonstrate the accelerating phase of knowledge creation.
Intelligence - ill defined and measured, may need to be rethought, if humans were to advance to a level 1 society. It seems unlikely.
Monday, May 23, 2016
Salt water bubbles
(1) http://esciencenews.com/articles/2016/05/04/stocks.overvalued.longer.and.more.often.previously.thought.says.study
Monday, May 16, 2016
Small step toward bigger hype
Engineering schools appear to still teach ideas that are already obsolete. Programming languages have been frozen in time, with prescriptive syntax and rigid control flow. Today's high level languages are certainly practical and immensely capable of producing inferior applications. Even those who could have "swiftly," assembled knowledge from previous attempts seem to have concocted together a compiler that borrows from the worst that have gone before it. As they proclaim "3 billion devices already run it," every hour an update is pushed or conduct conferences around the globe dotting and netting, the behemoths don't seem to understand that their technologies have inherent limitations.
Computer scientists, locked behind ivy walls, are given skills that the world does not need anymore.
(1) http://esciencenews.com/articles/2016/05/06/teaching.computers.understand.human.languages
Thursday, May 12, 2016
Nutritional genetics
Food, a complex external chemical, has to be metabolized, utilized and purged by biological systems routinely. Although it is clear that available energy content and processing efficiency will depend on the variation and complexity in inputs, the idea that food could cause genetic specialization is fascinating. More importantly, this may lead to better design of food to favorably impact physical and mental conditions, the latter possibly holding higher promise for humans.
Ancient cultures and medicines have routinely relied on food as the primary way to remedy tactical issues. The Indiana research may provide a path to propel this idea into more systematic and planned impacts.
(1) http://esciencenews.com/articles/2016/05/12/you.are.what.you.eat.iu.biologists.map.genetic.pathways.nutrition.based.species.traits
Thursday, May 5, 2016
No safety net
Unfortunately, technology does not solve problems. Bigger data and faster computers are likely irrelevant if they cannot fundamentally influence decision processes and allow information flow to enhance decision quality. It is not about precision - there is no such thing - but a systematic use of all available information at the point of decision. Further, the human brain, with its inherent limitations, is unable to minimize downside risk in a regime of high utilization and volatility. A loss of life, a traumatic and life changing event for any healthcare provider, looms high but the environment simply does not allow anything more than what is tactically possible. The lack of a safety net below cascading, complex and error-prone processes suggest the need for a sudden and impactful change that most technology companies are unable to help with.
It is high time that healthcare embraced practical applications of available technologies to improve patient health and welfare.
(1) http://esciencenews.com/articles/2016/05/04/study.suggests.medical.errors.now.third.leading.cause.death.us
Saturday, April 30, 2016
Predictions with a single observation
As the authors note, the space time window afforded to humans is too narrow to prove or disprove anything. However, the tendency to be amazed by large numbers and the multiplicative effects of such constructs, have led scientists to make non-scientific claims. Until at least a second data point becomes available, the effort expended on statistical analysis in this area is a waste of time. Availability of data is necessary but not sufficient to assign probabilities. Even those clinging to normality statistics, centuries old by now, know that it is not a good tool to make predictions.
More importantly, those awaiting ET's arrival, have almost infinite flexibility to keep on searching. If one has a hypothesis, then an accumulation of negative findings against it, regardless of how many trials are possible, has to be given due consideration. As an example, if one claims favorable conditions exist for life on Enceladus, Saturn's famous moon, such as water, oxygen and a heat source - then investing into the exploration of the icy rock is reasonable. However, if one comes out empty, it cannot be irrelevant. Just because there are trillion other rocks, in the solar system alone, that could be explored, one cannot simply ignore such an observation. At the very least, it should challenge the assumptions used by the space agency and others to justify such explorations. This "new" statistics - perhaps called "Statistics of large numbers," - where no negative observation has any utility - is very costly even though it is well positioned to pump out publications.
Scientists, engaged in irrelevant and invalid observations. aided by large numbers, may need to challenge themselves to advance the field.
(1) http://esciencenews.com/articles/2016/04/28/are.we.alone.setting.some.limits.our.uniqueness
Tuesday, April 26, 2016
Uncertain networks
Economic growth is driven by the conscious harvesting of uncertainty and not by strategic investments by bureaucrats or even corporations. Further, networks are in a constant state of evolution. Measuring GDP impact, a backward looking measure has less meaning in an economy driven by information, innovation and intellectual property. Firms, locked into the status-quo, with a rigid view of demand and supply, indeed fall prey to shocks amplified by static networks, But those, keenly aware of unpredictable uncertainty and the value of flexibility, could certainly surpass such external noise. The question is not how the present network amplifies shocks but rather how the networks are built. If they are built by organizations with a static view of the future, then they will be brittle and consumed by minor shocks. The measurement of intellectual property by patents is symptomatic of the adherence to known metrics and a lack of awareness of where value is originating from.
Empirical analyses in the context of accepted theories have less value for the future - policy or not. The field of economics has to evolve with the modern economy. Lack of innovation will always have a negative effect on the economy - no further analysis is needed.
(1) http://esciencenews.com/articles/2016/04/06/how.network.effects.hurt.economies
Monday, April 25, 2016
Biological storage
DNA, the most important biological breakthrough over four billion years, has been almost incomprehensible for humans, arguably, the best product of evolution. Lately, however, they have been able to understand it a bit better. Although some argues that the human genome map is the end game, it is likely that it is just a humble beginning. The multi factorial flexibility afforded by the DNA molecule may allow newer ways to store binary data, making it akin to the other belated innovation - quantum computing. Here, thus far, research focused on mechanistic attempts to force fit the idea into the Silicon matrix. Taking a biological route, perhaps aided by the best functioning quantum computer, the human brain, may be a more profitable path.
Biology could accelerate lagging innovation in material sciences and computer science.
(1) http://esciencenews.com/articles/2016/04/07/uw.team.stores.digital.images.dna.and.retrieves.them.perfectly
Sunday, April 17, 2016
Bacteria rising
(1) http://esciencenews.com/articles/2016/04/12/antibiotic.resistance.genes.increasing
Sunday, April 10, 2016
Hole in the soul
Tuesday, March 29, 2016
Return to hardware
systems and office automation, while those who are opposed to it have been chasing public domain noise. Even educational institutions, following the latest ephemeral trends, with half lives of runway fashions, have been churning out courses with little utility for the future. Some have been putting content on-line and others still want students to toil under fluorescent lighting on wooden desks, while picking up the skills of the future.
Computer science has gone astray. Humans, susceptible to incrementalism, have been chasing false dreams on antiquated frameworks. Just as their predecessors, modern humans always attempt to scale inferior performance by massive parallel processing. They stack circuits ever closer and they network computers ever larger in an attempt to squeeze out performance, Meanwhile, software companies, hungry for speed and scope have created clouds of silicon that appear to suck up most of the production capacity in energy. Data have been accumulating in warehouses, some never to see the light of day and others, creating havoc and panic in complex organizations. Economists often worry about bubbles, for some are not so sanguine about rationality but technologists never dream of a software bubble as they presuppose such conditions.
It's time to leave synthesized voices, fake artificial intelligence and bleak games behind and return to hardware. Without two orders of performance improvement, there are very few apps that would move humanity and that can only come from practical quantum computing. Notwithstanding the much anticipated version X of existing operating systems and mobile phones, without innovation in hardware, humans will swim in a sea of mediocrity for ever. There are glimmers of hope, however. Recent news that larger quantum circuits could be built in more direct ways (1) is encouraging.
Educational institutions have an obligation to move society to the future and not just following trends that will fill up class rooms - physical or virtual.
(1) http://esciencenews.com/articles/2016/03/26/unlocking.gates.quantum.computing
Friday, March 25, 2016
Go AI??
Silicon has been alluring to engineers for four decades. They could double the speed of the "chip" in every 18 months and the mere extrapolation of this idea would have instructed even those less mathematically endowed that the belated singularity, is indeed near. Now that the game of Go, that potentially has infinite permutations of moves, has been conclusively solved by the electronic brain, we are likely nearing the inevitable. And that is bad news, especially for those in school toiling with such mundane subjects as computer science, programming and application development. Very soon, all of these will be delegated to machines, most of which would be artificially intelligent to a level, perhaps surpassing even contemporary politicians. Some had claimed decades ago that humans are nearing a state of "perfect knowledge." In Physics, the speculation has been that no mystery will remain in a few decades. Now humanity has taken an important leap to the future that artificial intelligence can quickly mop up any remaining mystery in any field - physics, medicine and even economics.
Chess, Jeopardy, self driving cars, neural nets seeking cat videos, twitter girl, Go... extrapolation certainly indicates the unstoppable triumph of artificial intelligence. The only remaining mystery is what billions of ordinary humans would do. The quantum computer they carry on their shoulders will become virtually useless in this regime of artificial intelligence dominance.
Friday, March 18, 2016
Scaling humanity
What appears to be lacking is a framework. Weak attempts before, such as religion and countries, simply could not sustain a momentum that will unify in sufficient numbers to reach the necessary scale. Basic sciences, albeit attractive in many ways, could not light the passion underneath the human kiln. The strong forces that are operating to separate rather than unify, aided by the clan experiences of humans, have had the upper hand, thus far. However, technology is making irreversible impacts on the human psyche, propelling them to the next level. If so, they could make the planet, eminently contact worthy for outsiders.
Humans have been here before, however. In all cases, it appears that they have come up short. Insufficient technology for networking appears to be the common culprit in previous attempts. Stitching human brains together to reach the minimum efficient scale has eluded them. This was aided by hard constraints such as life span. Shrinking space and time as well as expanding life spans appear to be necessary conditions for sustainable development. Here, technology seems to show encouraging signs.
Space agencies and physicists lamenting about lack of "contact" may be well advised to ask why such "contact" would be made.
Friday, March 11, 2016
Mathematical music
Recent research from the University of Tokyo (1) that proposes a deeper dive into the structure of music by analyzing - "the recurrence plot of recurrence plot," in an effort to understand the emotive power of music, could be misplaced. Mathematical probing into the structure of creative work often failed to understand the substance of emotions that aid such phenomenon. Mathematics has been an important language in the history of human development. However, humans have been less perfect compared to constructs math could reasonably model and they often exhibit irrationality and creativity at random. It is the lack of "structure," that defines creativity and the effort expended by educational institutions in an effort to define such irrational phenomenon in a language that mathematicians can understand could be wasted.
Human emotions have been enigmatic - they escaped mathematical modeling thus far. Evolution seems to have been flexible enough to allow human behavior that has little value in hunting and survival. However, such work perpetuated the human psyche in a world of stress and tribulation, and lifted it into a realm that is mathematically undefinable. The visions of Einstein and Bach, unconstrained by mathematics, propelled humanity forward. As the engineers attempt to prove "gravity waves,' exist a century after it was proposed by sheer creative thought, one has to wonder if humanity is being sterilized of such a notion.
Mathematics, an idealistic concept, is inept at the analysis of human emotions.
(1) http://scitation.aip.org/content/aip/journal/chaos/26/2/10.1063/1.4941371
Wednesday, February 24, 2016
Lawless innovation
It is important not to assume the first correlation found in the data is the underlying cause. Note that stakeholder value choices, unless they translate into shareholder value in any horizon, are value destroying. Further, "Quantity and quality of innovation," are difficult to measure. Few innovations are responsible for most of the GDP in the economy and in winner takes all markets, marginal benefit of innovation in aggregate is simply noise. A more interesting question is the structure, systems and strategies of firms (2) that encourage innovation. It is possible that innovative firms will remain so, regardless of the bureaucracies and statutes imposed on them.
Innovation emanates from the culture of the firm - not from the laws created by those, out of touch with the present economy.
(1) http://esciencenews.com/articles/2016/02/18/a.stake.innovation
(2) https://www.crcpress.com/Flexibility-Flexible-Companies-for-the-Uncertain-World/Eapen/9781439816325
Saturday, February 6, 2016
Innovative Life Sciences
Such an innovative departure in life sciences will take new leadership and a collaboration with emerging ideas and technologies. The impact will be far reaching - possibly replacing chemicals as the only non-invasive intervention. Medical education has to consider robotics, precision electronics and even high energy physics. Computer science and information science have to become integral to diagnosis and treatment. The meaning of intervention has to change - with impacts on the brain and the body simultaneously for optimum effect. In a regime of subdued bugs, unable to threaten the mighty human, it is going to be a battle against the body and the mind. Here, chemicals fail.
Innovation in life sciences will not come from incremental improvements to existing therapies, it will come from embracing hitherto unknown intervention modalities.
(1) http://esciencenews.com/articles/2016/01/29/graphene.shown.safely.interact.with.neurons.brain
Saturday, January 30, 2016
Data science blindspot
Investments taken by companies into technologies that claim to be able to read massive amounts of data quickly in an effort to create intelligence are unlikely to have positive returns for their owners. Information technology companies, who have a tendency to formulate problems as primarily computation problems, mostly destroy value for companies. Sure, it is an easy way to sell hardware and databases, but it has very little impact on ultimate decisions that affect companies. What is needed here is a combination of domain knowledge and analytics - something the powerpoint gurus or propeller heads cannot deliver themselves. Real insights sit above such theatrics and they are not easily accessible for decision-makers in companies.
Just as the previous "information technology waves," called "Enterprise Resource Planning" and "Business Intelligence," the latest craze is likely to destroy at least as much value in the economy, if it is not rescued from academics seeking to write papers and technology companies trying to sell their wares. The acid test of utility for any "emerging technology," is tangible shareholder value.
Wednesday, January 13, 2016
Favorable direction for machine learning
A recent article in Science (1) seems to make incremental progress toward intelligence. The fact that machines need large amounts of data to "learn" anything should have instructed the purveyors of AI that the processes they are replicating have nothing to do with human intelligence. For hundred thousand years, the quantum computer, humans carry on their shoulders, specialized in pattern finding. They can do so with few examples and they can extend patterns without additional training data. They can even predict possible future patterns, something they have not seen before. Machines are unable to do any of these.
Although the efforts of the NYU, MIT and Univ of Toronto team are admirable, they should be careful not to read too much into it. Optimization is not intelligence, it is just more efficient to reach the predetermined answer. Just as computer giants fall into the trap of mistaking immense computing power as intelligence, researchers should always benchmark their AI concepts against the first human they can find in the street - she is still immensely superior to neatly arranged silicon chips, purported to replicate intelligence.
It is possible that humans could go extinct, seeking to replicate human intelligence in silicon. There are 7 billion unused quantum computers in the world - why not seek to connect them together?
(1) http://esciencenews.com/articles/2015/12/10/scientists.teach.machines.learn.humans
Tuesday, January 5, 2016
The Science of Economics
However, it is worthwhile to explore what is considered to be science. Physics, arguably the grandest of sciences, suffers from the same issues. Sure, human scale Physics is able to make eminently testable predictions based on Newtonian mechanics. Economics could also make such trivial predictions - for example on how demand will change with prices. And, quantum mechanics in the last hundred years has propelled the field further making fantastic and testable hypotheses. Whole industries have grown around it but those with knowledge and associated humility will contend that much remains unknown. In economics, there has been an analogous movement - where uncertainty and flexibility govern and not numbers in a spreadsheet. However, in economics, this has been delegated as something not many understand and thus not fully compatible with academic tenure. That is fair, we have seen that before but that does not indicate that the field is not scientific.
In biological sciences, experiments have been creating havoc. It is almost as if a hypothesis, once stated, could always be proven. In the world of empiricism, this may point to biases - confirmation and conformation - but more importantly in commerce, it showcases a lack of understanding of sunk costs (pardon the non-scientific term). Once hundreds of millions have been plunked into "R&D," the "drug" has to work, for without that, lives of many - if not the patients but the employees of large companies, could be at risk. So, testable hypotheses in themselves, albeit necessary, are not sufficient for science.
The dogma of science may be constraining development in many fields - such as economics, policy, psychology and social sciences. Those who are dogmatic may need to look back into their own fields before passing judgement.
Tuesday, December 29, 2015
Terraforming the Earth
Monday, December 28, 2015
Barren universe
Humans, locked into a tiny window of space-time, have been chasing an unattainable dream – intelligent life that could teach them better tricks. As they peak through that microscopic window, they are most likely to see a barren universe, devoid of life and intelligence. Expanding the window, either by new Physics or by constructs deemed feasible with the status-quo, such as worm holes, information travelling at speeds many magnitudes higher than light and quantum entanglement, could provide a way out of these hard constraints.
Finding life in the searchable space-time in close proximity is as unlikely as spotting a needle in a haystack as big as the solar system. Good luck getting there by 2020.
Tuesday, December 1, 2015
The death of logic
In a country of blue, red and grey
In a land of every possible hue
Where policies are made on the back of a napkin
To satisfy donors and those who may become donors
In a country of red, white and blue
In a land of every possible opinion
Where judgments are made by pictures on TV
To satisfy friends and those who may become friends
In a country of East, West and Midwest
In a land of every possible culture
Where biases are made by location and accents
To satisfy those nearby and those who may move close
In a country of wealthy, poor and the middle-class
In a land of disappearing dreams for most
Where classes segregate by every possible means
To satisfy those who hold similar views
In a country of knowledge, ignorance and mediocrity
In a land of expensive and unattainable education
Where students march in the streets to be heard
To satisfy their own cults and egos
In a country of fake hair, fake stories and fake passion
In a land of politicians and incompetent policy-makers
Where debates are designed to expose the hatred
To satisfy the millions glued to the idiot box
In a country of science, religion and agnosticism
In a land of pretense and wisdom
Where they battle each other for superiority
To win prizes, acceptance and money
In a country of coasts, mountains and plains
In a land of inexplicable space and beauty
Where they battle for the last acre of land
To nourish their own false sense of wealth
In a country of finance, technology and movies
In a land of fraud, fallacy and fiction
Where the suits battle the turtle-necks
To stuff their own pockets and wallets
In a country of such complexity
Where logic is dead and buried
But, somehow, one can’t lose hope
For without it, the world will be in despair
Sunday, November 29, 2015
Proof of simulation
The idea that the universe is a simulation has been in the periphery of cosmology. This is not surprising – every established scientific arena, astrophysics, medicine and economics included, has not been kind to pursuits that questioned the status-quo. This abundant bias, nourished by the ability to publish and win Nobel prices in short horizons, has perpetuated established theories even in the absence of any evidence. Even “theories” that could never be tested has been gaining popularity, within the closed doors of academia, with even less interest to look outside than country club dwellers.
The thought experiment that the universe could be a simulation, however, has been around for over a decade. Some have even suggested ways to test it experimentally. Given that the established theories require 96% fantasy for them to work, it is not too big a leap to go a bit further. After all, thought experiments typically do not require 6 trillion experiments to ferret out an elusive particle and such statistical fantasies have been held as one of the greatest achievements of contemporary humans.
If the universe were a simulation, what would be the properties of such a system? In a sufficiently complex simulation:
1. The participants of the simulation, albeit capable of describing the processes that make the simulation work, will never be able to explain the origin of it.
2. The participants, who could measure the constants that drive the rules of the simulation, will find them finely tuned and held constant.
3. The simulation will exhibit recurring patterns.
4. The participants will find constraints within the system that limit them to certain parts of the simulation.
5. The participants will face an overall hard constraint that does not allow them to get outside the simulated system.
6. The participants of the system will remain unaware of anything outside the boundaries of the simulation for the duration of the simulation.
7. The participants will likely reject the hypothesis that they are part of the simulation.
8. The participants may find anomalies to the rules they have discovered because of the possible flaws in the simulation itself. Such flaws may be patched up over time and the anomalies may disappear.
9. The system will exhibit no learning.
10. Any excursion – random, planned or induced by the participants, away from the rules, will revert back to the rules.
Within the context of the tiny part of the universe – humans - all these properties appear to be true. Moreover, no current observation negates the hypothesis. Hence, it is likely that the universe is a simulation.
Tuesday, November 24, 2015
Chicago’s moment to leap to the future
Chicago has been at the forefront of advancing emerging ideas in economics, science, arts and journalism. Its educational institutions opened the eyes of those seeking knowledge but the city itself, could not get out of its artificially imposed boundaries, allowing irrational thoughts and actions to percolate through. In the process, they suffered from violence and segmented islands of wealth, information and ignorance. A city, that led in thought and culture advancement has been trailing in practical actions, however. Steeped in political corruption for decades, the city has been losing its just position in history. It will be a shame if one of the greatest cities in the world, sub optimizes itself, not because of lack of knowledge but of the constraints self imposed on itself.
This is Chicago’s moment to leap to the future. It has leaped many times before to open the eyes of the world. Now, it is time for introspection and out of that will come strength to leap again.
A small leap for Man and a big jump for Math
In the age of cheap hardware and companies plush with cash, innovation appears stagnant. Making a neural net with thousands of computers in a network is not innovation, it is just a show of brawn over brains. Pumping large number of rules through a supercomputer in an attempt to beat a human recollecting random facts is not innovation, it is scaling ignorance. Collecting, storing and analyzing large amounts of noise in an attempt to discover complex heuristics is not innovation, it is just sticking one’s head in the cloud.
Innovation happens but only rarely. Reducing the complexity of a problem class, fits the bill perfectly.
Saturday, November 14, 2015
The economics of violence
For hundred thousand years, humans killed and mutilated their way to glory, aided and abetted by clan leaders, fully aware of what they were doing. If the value of an individual demonstrably improves, then it will diminish the ability of clan leaders to force premature exercise of put options held by the individual. Education, the only tool, that could improve asset values in closed systems, may be the last hope for humans, slipping away to oblivion at the height of their ascendancy. Education and knowledge have been stagnating, however, with a few drinking from fire hydrants and others infinitely seeking the illusive mirage. While some in the valley sleep dreaming about the singularity and the cure for death, there are seven billion elsewhere, without a clue what tomorrow is going to bring.
The foundations, sitting on billions still debating whether to provide white or pink nets to cure malaria, may have to rethink their strategy. If they really want to cure the ills of the world, they have to improve the knowledge content of humans.