Category: economics | 經濟學 | 경제학 | 経済

Economics or the dismal science was something I felt that I needed to include as it provides the context for business and consumption.

Prior to the 20th century, economics was the pursuit of gentleman scholars. The foundation of it is considered to be Adam Smith when he published is work An Inquiry into the Nature and Causes of the Wealth of Nations. Smith outlined one of the core tenets of classical economics: each individual is driven by self-interest and can exert only a negligible influence on prices. And it was the start of assumptions that economists model around that don’t mirror real life all the time.

What really is a rational decision maker? Do consumers always make rational decisions? Do they make decisions that maximise their economic benefit?

The problem is that they might do actions that are rational to them:

  • Reducing choice when they are overwhelmed
  • Looking for a little luxury to comfort them over time. Which was the sales of Cadbury chocolate and Revlon lipstick were known to rise in a recession
  • Luxury goods in general make little sense from a ration decision point of view until you realise the value of what they signal
  • Having a smartphone yet buying watches. Japanese consumers were known to still buy watches to show that they care about the time to employers when they could easily check their smartphone screen

All of which makes the subject area of high interest to me as a marketer. It also explains the amount of focus now being done by economists on the behavioural aspect of things.

  • Afghanistan + other news

    Afghanistan

    I couldn’t avoid doing a post on Afghanistan given what had been going on this week. The Afghanistan conflict posed a number of interesting questions about:

    • What privacy and security means for the people left behind in Afghanistan in the digital age
    • Why strategy is seldom a teacher and several countries have made the same mistake in Afghanistan – (Britain did so twice!)
    • The failure of intelligence in Afghanistan reminded me of the failure of intelligence agencies to realise that the fall of the Berlin Wall would happen. There was also a failure to underhand who the players were and their motivations in Afghanistan
    • What will Afghanistan mean for Pakistan moving forwards? Once out, the west has the perfect opportunity to shun Pakistan; which will leave the country vulnerable to Chinese predatory practices

    The US Is Removing Records of Its War in Afghanistan From the InternetLives are on the line here, but helping them may mean destroying—even if temporarily—the memory of the war and all that happened. It’s a horrible problem to face. One potential solution would be for the U.S. and its allies to take as many Afghan refugees as want to flee the country. – it assumes that the Taliban and supporters like the Pakistani ISI intelligence agency haven’t been caching this material themselves over the years. Things got rolled up so fast, they probably have hold of records from Afghanistan government payroll ledgers to intelligence reports

    1999 Afghanistan
    1999 Afghanistan map, courtesy of the CIA

    Germany Flew 65,000 Beer Cans Out of Afghanistan, but Just 7 People on an Evacuation Flight“​​There was transport capacity for alcohol, but not for the local staff in Afghanistan,” read a piece in Germany’s Bild newspaper, referring to the fact that the German military had earlier flown home 65,000 cans of beer and 340 bottles of wine before it withdrew from its bases in Mazar-e Sharif and Kabul at the end of June. – surely they could have blown up the alcohol and put people on the flights? – this is the kind of thing that fuels future grudges that morph into terrorist attacks. But it also shows the colossal failure in intelligence in a microcosm

    How Social Media Helped ‘Taliban 2.0’ Take Control of Afghanistan | Vice – The modern, tech-literate Afghanistan Taliban aren’t the same as they were 20 years ago. Now they’re using technology to control the narrative and assert dominance.

    Ranger Wing to be sent to Kabul to aid in evacuation of Irish citizens | Irish Times – if you want to understand what a mess Afghanistan is, look at Ireland. Ireland hasn’t been involved in Afghanistan and has had to send a special forces team in to try and get three dozen Irish citizens out of the country

    SIGAR | Lessons Learned. The Ides of August – a couple of good post-mortem reads on Afghanistan. A few things struck me. Mission creep had been baked in, although much of that was down to the allies partnering with the Northern Alliance and liberal values. The dual nature of Pakistan, which I suspect Pakistan will get punished for in the longer term. The lack of intelligence on the main players involved such as former president of Afghanistan Hamid Karzai

    Beauty

    Skincare Preferences by Generation | NPD GroupDespite the generational differences in skincare preferences, there are also commonalities. At the end of the day, it seems we’re not so different, after all. Whether they are more like my mother or my cousin, we see from consumers across-the-board that they are open to trying new things, are looking for clean ingredients, and simply want skincare that produces results from a brand they can trust. Regardless of the trends driving the category, the demand for efficacy and transparency is here to stay

    Business

    Wolfsburg, we have a problem: How Volkswagen stalled in China | ReutersLast month, though, he said Volkswagen had fixed the problems revealed by the test, that the ructions of the episode had subsided and the carmaker’s Chinese business was recovering. “We have once again clearly one of the safest cars on the market in this segment,” Woellenstein told reporters in July. “We will once again take up the old leadership of the Passat.”But there is quite some ground to regain in the large family car segment. A total of 47,480 Passats were sold in the first six months of this year in China, some way behind the 91,110 Toyota Camrys (7203.T) and 89,157 Honda Accords (7267.T), according to LMC. The figures from the same period of 2019, before the pandemic struck, show how steeply the Volkswagen model has fallen away of late: 91,400 Passats were sold versus 111,968 Accords and 85,396 Camrys. – I am surprised by this, given Volkswagen’s obsession with common platforms

    Xi Jinping Millionaire Relations Reveal Fortunes of Elite – Bloomberg 

    Tata’s rise mirrors the sweep of India’s history | Financial TimesTata is no longer at India’s entrepreneurial vanguard. The likes of Mukesh Ambani’s Reliance Industries and Gautam Adani’s eponymous group, with their investments in telecoms and renewable energy, hold stronger claim to be the “nation builders” of today. These tycoons represent a different way of doing business, one that has prompted much consternation. They lack Tata’s ambivalence about the state, aligning themselves unabashedly with Narendra Modi, and share few of the conservative Tatas’ qualms about “wealth creation for its own sake”.

    Consumer behaviour

    Parents in China are giving their children growth hormones to make them taller | South China Morning Post 

    Biden is sandbagging on immigration – by Noah Smith – Noahpinionthe new American support for throwing open the country’s gates is more broad than it is deep. There’s a real desire to cleanse the stain of Trump’s human rights abuses and flirtation with white-nationalism — to at least be able to say that America is still the Nation of Immigrants, that we still have compassion for the people of the poor countries of the world. But beyond that idealistic impulse, I’m not so sure that most liberals have a strong, enduring commitment to welcoming in as many refugees, asylum-seekers, and economic migrants as possible. 

    One reason is that the Democratic party is increasingly the party of the educated, and to most educated Americans, people like refugees and asylum seekers live in a different world. There’s little natural class solidarity or empathy there. And when it comes to skilled immigrants — the people waiting desperately for that backlog of 100,000 green cards to be processed — well, to most educated Americans, that’s the competition. Both for themselves and for their kids in schools.

    Coronavirus: Singaporeans eye savings with bulk-shopping groups on WhatsApp, Telegram | South China Morning Post – interesting how these groups were informally formed

    Economics

    Beijing’s American Hustle | Foreign AffairsU.S. institutions, especially in finance and technology, cling to self-destructive habits acquired through decades of “engagement,” an approach to China that led Washington to prioritize economic cooperation and trade above all else. 

    If U.S. policymakers and legislators find the will, however, there is a way to pull Wall Street and Silicon Valley back onside, convert the United States’ vulnerabilities into strengths, and mitigate the harmful effects of Beijing’s political warfare. That must begin with bolder steps to stem the flow of U.S. capital into China’s so-called military-civil fusion enterprises and to frustrate Beijing’s aspiration for leadership in, and even monopoly control of, high-tech industries—starting with semiconductor manufacturing

    Why has the gig economy been a disappointment? – by Noah Smith – Noahpinion it seems likely that Uber and Lyft will survive, but not at the scale investors hoped — instead, they’ll mostly be boutique services for the well-heeled. And I expect they’ll probably take a hit to their valuations.

    Ethics

    Engrave Danger: An Analysis of Apple Engraving Censorship across Six Regions – The Citizen Lab

    Apple exports PRC censorship to Hong Kong and Taiwan – Protocol — The people, power and politics of techLiu believes what he calls the “lameness” of Apple’s China filter list suggests Apple might have its own in-house censorship team, because “if it were a Chinese company to provide censorship to Apple, they would’ve done a far better job.”

    China’s Hong Kong Crackdown Sweeps Away Unions, Activist Groups – Bloomberg 

    How Chinese pressure on covid origins probe shocked WHO — and led Tedros to push back – The Washington PostWhen a WHO scientist on a coronavirus origins probe announced in February that the idea that the virus leaked from a lab was “extremely unlikely” and unworthy of further investigation, senior WHO staff in Geneva were shocked. “We fell off our chairs,” one member told the authors. The team in Wuhan appeared to have given in to Chinese pressure to dismiss the idea without a real investigation. Later, when the WHO-China team released a report that again dismissed that scenario, Tedros pushed back, saying that the research was not “extensive enough” and that there had not been “timely and comprehensive data-sharing.” Since then, relations between the WHO and China have nosedived. Chinese officials said in July that they would not accept any further investigation into the origin of the coronavirus in China and accused the United States of pressuring scientists. The WHO last week released a statement that resisted the idea that “the origins study has been politicized, or that WHO has acted due to political pressure.”

    China, the WHO and the power grab that fuelled a pandemic | News | The Sunday TimesIn 2017 Chan crowned her final year in office by welcoming Xi to Geneva. While he was there, she signed an agreement that committed the WHO to working alongside China on health as part of the country’s Belt and Road initiative. It was the first time any UN agency had signed up to the initiative, which seeks to extend Chinese influence and trade in more than 70 developing countries by financing infrastructure projects. The initiative is highly controversial because its critics argue that China uses it to shackle countries, particularly in Africa, to “unsustainable debt” as a way of gaining access to the continent’s raw materials and buying political favours. “I think health is too special to get into the really seedy politics that Belt and Road is part of, and I wouldn’t want the WHO to be associated with it,” Gostin argues. “The cost in terms of human rights and debt, and other adverse events for Africa, was a bridge too far.”

    Hong Kong’s Leader Killed Her City – The AtlanticRegina Ip, a pro-Beijing lawmaker and member of Lam’s cabinet, told me that simply having the laws on the books would provide a “deterrent effect” to protesters, and that the fears of journalists and activists over the curtailing of freedoms were not “completely misguided.”

    Why is advertising still ignoring people in their 50s and 60s? | Campaign – TL;DR lazy generational thinking and ageism

    Finance

    Why Hong Kong’s crypto crown is slipping | Financial Times 

    Facebook (FB) Offers Loans as Tiny as $6,720 to Businesses in India – Bloomberg

    China’s Hong Kong Crackdown: Billions in Retirement Money Blocked for UK Emigres – BloombergChinese authorities consider the BN(O) policy as a “means to destabilize Hong Kong,” said Joseph Cheng, a retired political science professor who left Hong Kong shortly after the security law was imposed. “These people are seen as traitors and fugitives.”

    Luxury

    How the daigou can help new brands | Vogue BusinessThe classic image of the daigou is of an entrepreneurial and well-connected individual who buys global luxury brands on behalf of Chinese clients abroad, where prices are lower and hard-to-find products are more accessible. But the new model daigou is also working closer to home, and mixing emerging Chinese designers with foreign brands. The motivation for the evolution of the daigou’s role comes from a wave of young Gen Z Chinese consumers who are seeking more interesting and affordable fashion and don’t care as much about the name on the label. This is good news for new brands in China – and elsewhere. In a fiercely competitive market, any well-designed brand has the potential to catch consumers’ eyes. What’s needed in the early days of a new brand’s development is an effective sales channel. – Building a similar relationship with daigou, that brands currently have with fashion stylists

    Marketing

    Insight & Strategy: #LikeAGirl | Contagious – on brands taking a leadership position – a great example by Always

    Media

    [Report] Bad News, By Joseph Bernstein | Harper’s MagazineIn the beginning, there were ABC, NBC, and CBS, and they were good. Midcentury American man could come home after eight hours of work and turn on his television and know where he stood in relation to his wife, and his children, and his neighbors, and his town, and his country, and his world. And that was good. Or he could open the local paper in the morning in the ritual fashion, taking his civic communion with his coffee, and know that identical scenes were unfolding in households across the country. Over frequencies our American never tuned in to, red-baiting, ultra-right-wing radio preachers hyperventilated to millions. In magazines and books he didn’t read, elites fretted at great length about the dislocating effects of television. And for people who didn’t look like him, the media had hardly anything to say at all – give this a read

    Inside the Hong Kong Newsroom at the Edge of Autocracy – The Atlantic – SCMP bias on protests

    Security

    COVID slows Apple and Google production shift away from China – Nikkei AsiaAirPods — both entry-level and high-end models — were among the earliest products that Apple began making in significant amounts in Vietnam, having moved production there around two years ago during the height of U.S.-China trade tensions. Apple’s plan to bring some MacBook and iPad production to Vietnam has also been put on hold due to a lack of engineering resources, an incomplete notebook computer supply chain and the dynamic COVID situation, one of the people said. Production of smart doorbells, security cameras and smart speakers for Amazon, which recently moved to Vietnam, has also faced delays since May as assembly lines in the northern part of the country coped with a surge in local cases and tougher COVID prevention measures

    Apple’s NeuralHash Algorithm Has Been Reverse-Engineered – Schneier on Security

    Opinion | We built a system like Apple’s to flag child sexual abuse material — and concluded the tech was dangerous – The Washington PostOur research project began two years ago, as an experimental system to identify CSAM in end-to-end-encrypted online services. As security researchers, we know the value of end-to-end encryption, which protects data from third-party access. But we’re also horrified that CSAM is proliferating on encrypted platforms. And we worry online services are reluctant to use encryption without additional tools to combat CSAM. We sought to explore a possible middle ground, where online services could identify harmful content while otherwise preserving end-to-end encryption. The concept was straightforward: If someone shared material that matched a database of known harmful content, the service would be alerted. If a person shared innocent content, the service would learn nothing. People couldn’t read the database or learn whether content matched, since that information could reveal law enforcement methods and help criminals evade detection. Knowledgeable observers argued a system like ours was far from feasible. After many false starts, we built a working prototype. But we encountered a glaring problem

    Our system could be easily repurposed for surveillance and censorship. The design wasn’t restricted to a specific category of content; a service could simply swap in any content-matching database, and the person using that service would be none the wiser. 
    A foreign government could, for example, compel a service to out people sharing disfavored political speech. That’s no hypothetical: WeChat, the popular Chinese messaging app, already uses content matching to identify dissident material. India enacted rules this year that could require pre-screening content critical of government policy. Russia recently fined Google, Facebook and Twitter for not removing pro-democracy protest materials. 
    We spotted other shortcomings. The content-matching process could have false positives, and malicious users could game the system to subject innocent users to scrutiny.
    – Emphasis in bold is mine

    Technology

    Laptops Shortage Is Easing as Pandemic Demand Wanes – BloombergThe waning demand for PCs will likely last for at least several more quarters. Memory prices are dropping precipitously on fears the chip cycle is over. But it’s good news for anyone looking to buy a laptop, printer, webcam or router. Expect them to be much easier to find in stores this fall. – I am hoping that the price of SSDs will fall again

    Robinhood Q2 earnings: Crypto makes up 52% of company’s revenue — Quartz – would I be right in thinking that there is more derivatives and CFDs of crypto being sold then than there is crypto and could be vulnerable to a market squeeze?

    Intel with an old take on big.little for Alder Lake | EE News EuropeIntel’s next-generation desktop chip, code-named Alder Lake, is the company’s first hybrid architecture to integrate two core types – the Performance-core and Efficient-core. This is similar to ARM’s big.little approach which used a small core optimised for low power consumption with lower performance alongside a larger, higher performance core. Both cores could run the same code depending on the context, avoiding the problems of having a scheduler to allocate tasks to multiple cores. This has traditionally been a limiting factor for the system-level performance of multicore chip designs

    IBM shows first dedicated AI inference chip | EE News Europe – interesting that they fabbed it using Samsung’s 7nm process. It has 22 billion transistors. Indicates a move away from GPUs to put machine learning back on the CPU

    Wireless

    Epic’s Fortnite lawsuit has become a nightmare for Google – ProtocolGoogle ‘estimated in 2019 that it risked losing as much as $6 billion per year if app makers and app store operators banded together with Epic and began creating alternative distribution channels. So instead of offering a superior product, the company muscled its way to a market position now being viewed by U.S. regulators as potentially anticompetitive’ – this might feed into a wider FTC case later on given the focus on revenue. More related content here.

  • Nightmare of The Wolf + other things

    Nightmare of The Wolf

    Netflix are doubling down on The Witcher franchise with their Witcher: Nightmare of The Wolf anime. The approach is very similar to the approach that Netflix took with Altered Carbon. Looking at how well that anime turned out, I have high hopes that Nightmare of the Wolf will live up to the trailer that Netflix has dropped.

    The Witcher: Nightmare of The Wolf

    OpenAI Codex demo

    OpenAI demo-ed the use of AI to code from normal human language a web interface design. It’s a smaller move forward than you would think it is, but it has programmers worried. Secondly, its hard enough to work out what something does if it is coded by a human who doesn’t document as it goes. A machine learning based coder represents an even greater level of opaqueness, which poses challenges for when code would need to be updated. You can learn more about OpenAI Codex here.

    Mercedes Benz 300SL

    The 1950s saw Germany rebuilding after the war and its companies coming back after the war. Before the space race, there was the jet age and there was motor racing. Mercedes Benz looked to make a statement about its position in the motor industry and the way to do that was through motor racing. Stirling Moss driving a Mercedes 300SLR put the company back on the map. Two years later Mercedes released a two door version of Moss’ car to the public called the 300SL. It was light, expensive, exciting and had jet age vibes with its aerodynamic styling and gull wing doors. Something that still looked futuristic almost 30 years later on the DeLorean.

    But the 300SL could also kill the unwary driver due to its rear swing axles. The car could go into sudden oversteer mid-corner if you stabbed the brakes or take the foot off the throttle in the bend. I know this, not because I had driven one, but because I was an avid reader of Car magazine from the mid 1980s to the mid 1990s.

    Car magazine was in a golden age, when motor journalism was as much literature as product information. Journalists wrote up to the intellect that they wanted their readers to have rather than writing to a lowest common denominator. Something that I have tried to do with this blog over time, but not nearly as well. Back to the killer handling: and the expensive coupe.

    Mercedes replaced the gull wing coupe with a roadster body shape and took the opportunity to change the handling.

    Tyler Hoover of Hoovies Garage had a chance to drive one of the roaders.

    Tyler Cowen interview

    I have been following Tyler Cowen’s economics blog Marginal Revolution for years and posted links to it here. Ashish Kulkarni interviewed Cowen about some of his blog posts, the philosophy of economics and the challenges facing universities and their students. Cowen’s day job is a professor at George Mason University in Washington DC.

  • False reviews + other news

    False reviews

    Amazon Prime
    Fake reviews on products including Amazon Prime items (image via quote catalog

    Shenzhen to support Amazon merchants | Trivium China – 50,000 merchants were banned from Amazon for astroturfing false reviews. The ban was worth up to 100 billion yuan in sales to these merchants. Half of the merchants affected are based in Shenzhen. Now the Chinese government is looking at what it can do to help the merchants practicing false reviews. Yet it wouldn’t tolerate false reviews if it was exposed in in the domestic market. One of the options being looked at is a platform to rival Amazon Marketplace, that would allow fake reviews

    Business

    Private school owners forced to hand institutions over to Chinese state | Financial Times – investors need to view this in the context of other things going on

    Beauty

    UK could allow animal tests for cosmetic ingredients for first time since 1998 | Animal experimentation | The Guardian 

    Social media & covert sales behind Kenya’s skin lightening growth — Quartz Africa – It’s not bleaching, it’s brightening. I personally like using serums because they ‘brighten’ your complexion.

    Consumer behaviour

    Study: Companies Aren’t Living Up To Chinese Consumers’ ExpectationsThree in four (75%) informed Chinese consumers (defined as consumers interested or involved in one of 20 industries studied in the research) said CEOs should speak up on issues that “may not have a significant impact on the business but have a significant impact on society,” with particular focus on diversity and diverse representation within a workforce and its leadership. Yet just 35% of respondents in China feel companies in China can do more to make the workplace better. Similarly, 80% agree that CEOs should have a voice on the environmental policy debate, and three quarters (75%) say business leaders should have a role shaping health policy, the research found. Respondents ranked value and innovation as the top two drivers of brand perceptions in China. Only 35% of companies, however, are meeting expectations in those areas – the key term is ‘informed consumers’, I am sure that the Chinese government might not view things in quite the same way

    How China’s Elderly Built an Internet of Their Own – their network topography is different, the internet augments life for them. Younger people build their life online

    China considers legal changes to curb noise pollution from the country’s notorious dancing grannies | South China Morning Post 

    Culture

    How Chinese factory-workers express their views on life | The Economist

    Design

    The lost tablet and the secret documents | BBC – really nice bit of design on this investigation by the BBC Arabic Service

    UK to launch EV charger design as ‘iconic’ as a telephone box | EE News – so much to unpack here. If you have to call it iconic it probably isn’t

    Economics

    Why software hasn’t done more to improve productivity – Marginal REVOLUTION – well worth a read

    Ethics

    China’s Data Ambitions: Strategy, Emerging Technologies, and Implications for Democracies – The National Bureau of Asian Research (NBR) – TL;DR its really, really bad

    Ideas

    A dog’s inner life: what a robot pet taught me about consciousness | Consciousness | The Guardian – surely the golden rule would apply to way we interact with things like the Aibo. I found story of the couple who abused the Amazon Echo?

    Japan

    Rice, rice baby: Japanese parents send relatives rice to hug in lieu of newborns | Japan | The Guardian – really nice way of getting over the tactile nature of a newborn when the parents can’t visit relatives due to COVID. Also you have the life giving nature of rice in Japanese culture as well

    Legal

    The Hong Kong National Security Law: The Shifted Grundnorm of Hong Kong’s Legal Order and Its Implications by Han Zhu :: SSRNthe application of mainland laws in Hong Kong, the interpretation of the NSL, cross-border criminal jurisdiction, national security institutional infrastructure, and the legal language. To some extent, the enactment of the NSL is like a silent constitutional reform that has reshaped, and will continue to reshape, a wide range of aspects of Hong Kong law as well as the Basic Law. Due to the dualistic nature of the NSL as a national law which applies to both the mainland and Hong Kong, it has also expanded and deepened the interaction and conflict between legal systems in the two regions, highlighting the inherent tension of maintaining the unity of a heterogeneous legal order under one country, two systems

    Marketing

    What happens when brands stop advertising? | Ehrenberg-Bass Institute for Marketing Science

    Influencers want to be paid more than ever. Blame the pandemic | Marketing | Campaign Asia – no one is asking the question in this article, are influencers overpriced, or even worth it compared to other “Industry can also factor in, with some influencer niches starting at a higher price point than others,” says Heather Rottner, director of social media at Coyne PR. For instance, she says the firm generally sees higher rates in high-end fashion and beauty, food and DIY. While there is no shortage of influencers looking for brand partnerships in these categories, “many influencers pride themselves on being selective and authentic which means they don’t jump on every partnership offer they receive or use just any product.”

    Media

    ‘Spreading like a virus’: inside the EU’s struggle to debunk Covid lies | World news | The GuardianUntil the pandemic, there was no monitoring of fake stories originating from within EU countries or linked to countries other than Russia. While China Global Television Network (CGTN), an English-language cable news channel controlled by the Chinese Communist party, is considering a Brussels expansion StratCom until recently had just two people working on Chinese disinformation. Several former EU analysts said multiple state-backed disinformation campaigns, not just Russian, had taken advantage of Covid and Richter believed the EU’s limited focus on Russia “affected the legitimacy of the project.”

    Security

    The threat of a “cyber Pearl Harbor” is a red herring — Quartzthe damage of cyberattacks comes from a series of piecemeal hacks that are often hidden from public view and don’t always lead to immediate, tangible harm. The actual threat looks less like a barrage of bombs and more like a spy slipping a gloved hand into a filing cabinet or a mobster strolling into a shop to collect a “protection” payment

    In first massive cyberattack, China targets Israel – Tech News – Haaretz.com – not surprising given the amount of valuable IP that israel has

    Who is being monitored? Tutanota – interesting data points, I would imagine that other western countries would have a similar split in use of monitoring

    Huawei Accused in Suit of Installing Data ‘Back Door’ in Pakistan Project – WSJ – Another day, another dodgy security story involving Huawei – BES, says in a lawsuit filed Wednesday in California district court that Huawei required it to set up a system in China that gives Huawei access to sensitive information about citizens and government officials from a safe-cities surveillance project in Pakistan’s second-largest city of Lahore. Muhammad Kamran Khan, chief operating officer of the Punjab Safe Cities Authority, which oversees the Lahore project, said the authority has begun looking into BES’s allegations.

    Technology

    Discovery of carbon-based strongest and hardest amorphous material | National Science Review | Oxford Academic – it looks as if they were looking for semiconductor substrate materials

    Open sourcing a more precise time appliance – Facebook Engineering – interesting, previously businesses would have relied on time services like Datum Corporation (now Microchip Technology Inc.) network time appliances

    Imec Spinoff Wants to Turn Every Phone into a Spectrometer – EE Times Europe

    Microbatteries can be energy density | EENews 

    Roll-to-roll printing for flexible silicon electronics | EE News 

    Driverless minibus service rolls out in Hamburg traffic | EE News 

    Web of no web

    Using Reebok’s AR tool, basketball courts can be mapped out anywhere 

    Niantic CEO: The metaverse could be a ‘dystopian nightmare’ 

  • The Coddling of the American Mind

    The Coddling of the American Mind by Greg Lukianoff and Jonathan Haidt. The book sprang out of an article that the authors wrote for The AtlanticHow Trigger Warnings Are Hurting Mental Health on Campus.

    Jonathan Haidt

    Haidt is a social psychologist by training and currently serves as professor of ethical leadership at New York University Stern School of Business. I heard an interview with Haidt on the the dark psychology of social networks and this book came up which was the key reason why I bought it.

    The Coddling of The American Mind

    Greg Lukianoff

    Lukianoff is a lawyer by training and president of Foundation for Individual Rights in Education (FIRE), a US based group that  free speech rights on college campuses. If it was Lukianoff on his own I would likely dismiss this book as partisan.

    Premise of The Coddling of the American Minds

    In The Coddling of the American Mind Haidt and Lukianoff discuss factors that are affecting the resilience of young people emerging from colleges in the US.

    They suggest a number of factors for the increasing intolerance and threats to American life from the left and the right.

    • Intimidation and violence on campus – the book highlights examples on both the left and right of the political spectrum. Violence by left wing protestors at Berkeley was particularly disturbing due to the lack of action by law enforcement
    • Witch hunts against academics
    • Self reinforcing cycle of political polarisation
    • Paranoid parenting compared to the latch-key parenting that older people would have been used to growing up
    • The decline of outdoor play
    • Safetyism – the move of safety culture from improving physical safety promoted by the likes of Ralph Nader (safer workplaces, no lead paint on toys etc) to encompass mental and emotional safety as a priority
    • The quest for justice. The complexity of how you define justice is important

    Haidt and Lukianoff are of the opinion that you need to prepare people for life and to be resilient. That this approach doesn’t detract from the desire to change the world seems to be ignored by advocates of the status quo.

    How the book has been received?

    The Financial Times generally praised the book and it ended up on the New York Times bestsellers list.

    The book was perceived as an attack on progressive liberal values by some reviewers, whereas I think it wasn’t attack on those values, but the means by which they are being pursued. It confronts the hard truth that there is intolerance at both ends of the political spectrum and a lack of dialogue.

    Has campus liberalism gone too far? | Financial Times

    The Idioms of Non-Argument | The Atlantic

    Does Our Cultural Obsession With Safety Spell the Downfall of Democracy? | The New York Times

    Have Parents Made Their Kids Too Fragile For the Rough and Tumble of Life? | Washington Post

  • Michael Malone & things this week

    Michael Malone

    Michael Malone was famous to me as a writer on the San Jose Mercury News online site. Michael Malone had been a long time writer on the paper and chronicled all the happenings in Silicon Valley. Michael Malone is now the co-host of The Silicon Insider podcast. In the past he has written numerous books covering different parts of the history of Silicon Valley. So he has a unique perspective on the place and the technology sector.

    Michael Malone was interviewed by NBC reporter Scott Budman on behalf of the Computer History Museum based in Silicon Valley.

    Dune trailer

    Denis Villenueve is the director that Hollywood seems to trust with difficult to tell films like the Blade Runner sequel. He is also the director who is likely to get closest Alejandro Jodorowsky’s attempt to film Dune in the mid-1970s. Green screen and digital cinema offer Villenueve tools that Jodorowsky could only have dreamed of four decades earlier.

    Junk sleep

    US speciality retailer Mattress Firm is doing a couple of new things with its adverts featuring Lev Schreiber. First of all was the concept in the creative of ‘junk sleep’ that reminded me of J Walter Thompson’s early work for Odorono, an early anti-perspirant that invented the concept of ‘body odor’ from a marketing perspective. People had always been smelly, but it was JWT that broached the subject in the adverts.

    https://youtu.be/WudcydXGWLI

    Junk sleep feels like a similar type of concept. As a strategist, I like the concept. The second aspect is the trippy nature of the ads which captures the feeling of sleep deprivation really well.

    Apple watch

    Apple put together a fun ad for health tracking on the Apple Watch. It gets over many of the activities that the Apple Watch can track.

    https://youtu.be/RkRQ_aykXw8

    It reminded me (unintentionally) of The Court of King Caractacus, made famous by Australian entertainer Rolf Harris. Harris had a five decade career in show business that ended in ignominy when he was convicted for 12 indecent assaults on against four girls.

    Emirates and Qatar Airways

    COVID-19 disrupted the airline industry since people weren’t flying. The asymmetry of opening up seems to be hammering the Middle East airline ‘super hub’ model according to this video by Sam Chui. Chui posits that super hubs offer the opportunity for a super spreading event and there is likely to be an uptake in customers wanting to fly direct in the immediate aftermath of COVID-19.

    If this is true, then there will be a knock on effect for duty free retailing and luxury sales as well.