Paul Kedrosky's Infectious Greed
Finance & The Money Culture
Kevin Slavin on the algorithmic construction of reality:
This is hogwash. You should watch this documentary by BBC's Adam Curtis: All Watched Over by Loving Machines.
While I'm tempted just to delete this message, I'll briefly engage…. “Hogwash”? Hardly. And the Curtis documentary isn't even on thesame subject.
The end (dark pools) was a little bit poor. Because he couldn't round up the concept of (i think) working outside the establish system (in this case algos-in wall street) to produce a new "equilibrium".
Agreed. He over-reached with the dark pool stuff, in part because itwas clearly not his domain and he was trying too hard to make it fitthe metaphor. Nevertheless, smart guy and interesting viewing.
Pretty valiant attempt to simplify the abstract nature and influence of algorithm in our daily existence. Some of the “black boxes” [movie script, arresting someone(??)] simply sounds unreal but are obviously true. Good stuff!
In a cultural context — aren't the "dark pools" simply a metaphor to what we usually identify as counter-culture/"indie" and the algorithm-managed cultural production main-stream?
Paul Kedrosky‘s Infectious Greed
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