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Tag: inequality

The System Justification Bias

People feel safer with the stablished order in the face of potential change. That’s partly why people buy the same things they bought before, return to the same restaurants, and keep the same opinions.

This has been called the system jutification bias, and it has interesting paradoxical effects.  For instance; poor people don’t strongly support the political policies that would make them better off. Surveys show consistently that low-income groups are hardly more likely than high income groups to want taxes that mean they’ll get more money.

Oddly, the more disadvantaged people people are, the more they are likely to support a system that is doing them no favors.

In US, low income latinos trust more government than high income latinos.… Read more...

AI and the Fallacy Of Equality

How AI researchers and practitioners should scrutinize themselves for a better future. At the end of the day, the success of AI research will be measured by how it has empowered all people, helping tackle the many wicked problems facing the planet, from the climate emergency to increasing inequality within and between countries.”Artificial intelligence is now part of our everyday lives — and its growing power is a double-edged sword…

Geospatial Analytics for Reassessing Urban Structures

Utilizing Geohash and data science models to solve traffic congestion and spatial inequality that has resulted from the current urban structure

Image from

In today’s technological era, location data has been essential for the business operations of several tech companies. By enabling users to link device location of the firm’s platform, data teams can build models and insight reports using the available data. Such cases can be price setting based on a location’s demand or visualizing sales coverage by city. While working with such data, I cannot help but imagine potential use cases beyond business. As an urban enthusiast, the first use case that came to mind is generating insights for tackling traffic congestion and spatial inequalities within an urban area.


Research shows AI is often biased. Here’s how to make algorithms work for all of us

Can you imagine a just and equitable world where everyone, regardless of age, gender or class, has access to excellent healthcare, nutritious food and other basic human needs? Are data-driven technologies such as and data science capable of achieving this – or will the bias that already drives real-world outcomes eventually overtake the digital world, too?

Copyright by www.weforum.org

Bias represents injustice against a person or a group. A lot of existing human bias can be transferred to machines because technologies are not neutral; they are only as good, or bad, as the people who develop them. To explain how bias can lead to prejudices, injustices and inequality in corporate organizations around the world, I will highlight two real-world examples where bias in was identified and the ethical risk mitigated.


Big World, Big Challenges, Hyper-Local Solutions

How UNICEF has consistently made an impact all over the world for more than 75 years

via https://weshare.unicef.org/archive/COVAX-First-Vaccines-Arrival-in-Bangladesh-2AMZIFHKWNG7.html

A little girl hides behind the leg of her mother, afraid and unsure as her eyes scan the mass of people around them. She and her family have just fled their home in Ethiopia amid a rising tide of violence and disruption. They are now staying at a camp for displaced persons along with thousands of others who, like them, can no longer go back to the home they once knew. There is overcrowding, disease, and little food or water to go around.

It’s a heart-breaking scene, and sadly not an unusual story. This little girl’s struggles are a drop in the bucket when you take in the larger picture.


We’re all teenagers now

Most of us are familiar with the law of unintended consequences. In the 1920s, Prohibition put a halt to the legal production and sale of alcohol in the United States only to generate a new set of social ills connected to bootlegging and wider criminal activity. More recently, mainstream news media outlets, in pursuit of ratings and advertising dollars, lavished attention on an outlandish, orange-hued candidate when he first announced his run for president in 2015, and inadvertently helped to pave his way to the White House – oops. Aiding and abetting his campaign was a communications tool – social media – originally designed to bring people together and create community, but which now seems to serve more as a vehicle of division and discord.


Capitalismo catabólico: el Sistema se devora a sí mismo

El capitalismo hace ya años que se comporta como un virus que se auto-destruye, y la pandemia sólo ha acelerado este proceso, llevándolo a un estado general de saqueo.

Fursov escribió sobre la ultima etapa del capitalismo como un sistema que se comportaría como Saturno, devorando a sus propios hijos, que en este caso son las clases medias.

Años de globalización, tecnificación y dinero gratis han llevado a que el crecimiento cero sea algo crónico. Para poder generar beneficio de algún sitio el sistema devora la propia sociedad que lo sostiene. Y por eso va de desastre en desastre, camino de la ruina final.

Cualquiera que crea que un modelo económico basado en el crecimiento permanente es sostenible para el Planeta y para la gente está loco, o es un economista.… Read more...

Mass Inequality Reason V: Global vs National Classes

As global players dissasociate themselves from individual countries, it results in a bifurcated global economy made up of a global class that is able to leverage international labor markets, and national classes who are more reliant on the well being of their respective nation.

Globalization was based on a very profitable codependency: we send you whatever you need: resources, manufactured goods, people, either as a workforce or as sex slaves, and you the West pay for that.

And then the West send back expensive goods -processed food, cars, etc.- and waste products, until recently.

This simbiotic relationship was possible because of cheap fossie fuels, cheap energy, cheap labor and huge logistic chains, cheap money to delocalize and a lot of corruption.… Read more...

Neoclassical economics is at the root of today´s economical scam

Only a few people actually produce anything, while 95% of all other people live by selling each other some kind of silly services that we basically buy out of boredom to be entertained or fed, instead of providing these things for free by ourselves.

Want economic success? Step one: Identify where wealth creation occurs in the economy… but here’s where the problem starts. Economists do identify where real wealth creation in the economy occurs, but this is a most inconvenient truth: any serious attempt to study the capitalist system always reveals the same inconvenient truth. Many at the top don’t create any wealth.

Much of their money comes from wealth extraction rather than wealth creation, and they need to get everyone thoroughly confused so we don’t realise what they are really up to.… Read more...

Mass Inequality Reason III: Low Wages

The West can make anything China makes and better quality. The problem is greed of corporations not wanting to pay workers livable wage. They would rather pay CEO 1500 times what a line assembly worker makes, and then send manufacturing to a third world country or China. All for the sake of profits and stock holder equity.

But here´s the thing: once the economy slows too much the whole system tends to implode, and then wages disparity become a huge issue, because their growth can’t cope with debt interest + principal payments.

Young people find their standars of living lower than thos of their parents, investments seem not to be profitable without government subsidies. Pension promises become overwhelming compared to the wages of young people, etc.… Read more...

Mass Inequality Reason III: Inflation

Social collapse seems to be characterized by wealth disparity, inadeqiate wages for non-elite workers, failing governments, debt defaults, resource wars and epidemics.

Inflation -adjusted oil prices are now much higher than they were 50-70 years ago, and this means that the contest BETWEEN DOMINISHING RETURNS AND EFFICIENCY has basically been won by diminishing returns for the last decades.

Paying higher prices for everything due to diminishing returns can be hiddedn for a while if the economy is growing, as well as debt. But this adds complexity and debt to the system, making it less and less sustainable.

Growing complexity increases wealth disparity. This is because an employer needs to pay high wages to supervisory and skilled workers.… Read more...

Mass Inequality Reason II: Complexity

Its kind of paradoxical that technology and globalization has exponentially increased complexity and hierarchies.

In the early 70’s the vast majority of what we ate and drank came from within 50 miles of us.  Everything from the house to the furniture to the cars to clothes and shoes we wore were made in the US and/or Europe.

Growing complexity uses to be related to the claim “technology will save us”. It involves the use of more advance machinery and workers, as well as bureaucratic hierarchies. As a result businesses and administrations become larger, more hierarchical, less efficient and less productive for added value tasks (not the case for tax extraction obviously).

Growing complexity increases energy consumption as well as wealth disparity.… Read more...

Mass inequality Reason I: cheap debt and buybacks

Share buybacks are part of the self-reinforcing loop that drives stocks higher. When the Fed pulls back, buybacks will get more expensive. The risky game of loading up the balance sheet with cheap debt to buy back shares, rather than invest in productive assets will balloon interest expenses.

If new assets were really productive (generate a higher return becuse ther are more jobs, tax revenues, etc.) but if they are improductively invested in price bullbes (stocks and flats) then the winners are the previous holders of assets , and the losers are the foreign buyers who end up overpaying as well as all Americans affected from the burst of the bubble.

The key is how foreign capital is invested productively and most of it isnt because its money looking for a relatively safe haven not money seeking for a genuine investment opportunity. 

El Capitalismo no causa la desigualdad actual

Vivimos en un sistema económico que sobre-recompensa a unos pocos, e infra-valora a todos los demás. El hecho de que la riqueza del planeta se está dirigiendo cada vez más a una minoría ínfima en la cúspide de la pirámide es un problema.

La deuda tiende a hacer aumentar las desigualdades entre los que ‘tienen’ y los que ‘no tienen’. Muchos de los que tienen lo hacen de los medios de producción, obteniendo beneficios y dividendos de estos medios. Les siguen los ejecutivos de alto nivel y burocracias internacionales con sus elevados salarios.

En contra de lo que la izquierda política piensa, las desigualdades no son resultado de una economía capitalista, sino de los privilegios y oligarquías que se han apoderado de la política y economía mundiales.… Read more...

Mass Inequality IV: Debt

La tecnología y el capitalismo, que hasta ahora eran considerados los grandes artífices del bienestar de la especie en los últimos 200 años son ahora acusados en támdem del estancamiento económico, de la desigualdad y de la injusticia en el mundo en desarrollo.

La deuda tiende a hacer aumentar las desigualdades entre los que ‘tienen’ y los que ‘no tienen’. Muchos de los que tienen lo hacen de los medios de producción, obteniendo beneficios y dividendos de estos medios. Otros cerca son los ejecutivos de alto nivel y el gobierno que obtienen elevados salarios.

La inflación beneficia a aquellos con acceso inmediato a dinero: los bancos y los que ya son ricos. La desigualdad es consecuencia directa de establecer tipos bajos.… Read more...