Category: Inequality
-
Technology and Earth Hacking
Hacking the Sky Low, angry gray clouds, seemingly non-stop light rain and damp breathing air were hometown weather traits that most bothered me when I was growing up. Like most other children, I had a fascination with airplanes and could spend hours watching them. Going to the airport was one of the coolest things –…
-
The Global Centralization of (Dis)Intermediation
Merchants are perhaps the most famous image of an intermediary, the not-so-loved “middleman” that buys cheap, sells dear, and becomes rich doing little work. Even in the supposedly dark Middle Ages, merchants could openly operate creating Merchant Guilds that promoted regional trade while protecting members from potential abuses by powerful landlords and countervailing the staunch opposition…
-
Uncertainty and Artificial Intelligence
In a world where perfect information supposedly rules across the board, uncertainty certainly challenges mainstream economists. While some of the tenets of such assumption have already been addressed – via the theory of information asymmetries and the development of the rational expectations school, for example, uncertainty still poses critical questions. For starters, uncertainty should not…
-
Bitcoin Inequality
In the short and medium-term, technology and inequality seemed to be positively correlated. In the long term, however, things are not as clear-cut. With the right policies and democratic institutions in place, technology could become a catalyst to reduce income and wealth inequality. Historical evidence from the last century clearly supports this claim. Will digital…
-
Blockchain Mining Revisited
Blockchain mining cannot catch a break when it comes to environmental sustainability. This is especially true for Bitcoin mining that seemingly has an insatiable appetite for electricity. A recent paper suggests that by 2020 Bitcoin mining will consume as much energy as Australia. While these estimates are not exempt from criticism, mining does not appear…
-
Algorithmic Inequality
Disruptive. One of the attributes most often used to describe, in minimalist terms, the potential impact of new and emerging information and communication technologies (ICTs) in society. While its actual meaning can vary from one person to another, disruption is usually linked to dramatic short-term change, in which old and obsolete technologies, processes, and institutions—not…
-
Deconstructing the Gender-Equality Paradox in STEM, Part II
In the previous post, I detailed some issues that could help explain in part the gender-equality STEM paradox. Recap These can be summarized as follows: The Global Gender Gap Index (GGGI) measures gaps not levels. It is thus a relative indicator that takes stock of the gender gap regardless of the level or depth of…
-
Blockchain ICOs Revisited
A couple of weeks ago, Coindesk launched an ICO tracker which seems quite comprehensive and includes data starting in 2014. It has information on 164 ICOs1 I downloaded the data on 18 August but was unable to replicate some of the charts Coindesk has on its web site. The data I downloaded ends on 27…
