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pozorvlak: (Default)
Monday, October 13th, 2008 08:37 am
Here's a thought. How much of this worldwide banking crisis thing is due, not to deregulation or over-regulation¹ or regulations inadequately applied, but simply to the fact that all the movers and shakers in banking work insane hours, are either massively sleep-deprived or addicted to stimulants or both, and consequently make really stupid decisions?

¹ I've heard this seriously claimed, but for the life of me I can't follow the logic. Perhaps one of you can enlighten me?
pozorvlak: (Default)
Thursday, May 17th, 2007 03:16 pm
Rob Colvile, over at [livejournal.com profile] whyoftheworld, has responded to my recent post about IP law. It's a good column: go read it. I appear to have been comprehensively misunderstood (by Rob's commenters, though not by Rob himself), but hey, such is life on the Internet.

The only thing that makes me less than completely reassured by Rob's explanation is that, with software, we're getting damn close to selling pure thoughtstuff (and let's not forget the dizzying tower of abstractions that is modern finance). How much further up the "value chain" is there to go? Will someone eventually invent a way of selling mathematical theorems? The day they do is the day I (and most of the world's mathematicians, I suspect) hand in my chalk and open a bar. The Straightedge and Compasses, perhaps. With blackboards on the tables, and packets of chalk behind the bar.
pozorvlak: (Default)
Wednesday, February 14th, 2007 12:33 pm
Cut for length, but only the second point is esoteric - the rest should be accessible to anyone. And the first contains a big Neal Stephenson quote, which should raise the standard of writing in this post above my usual average :-)

[Oh, and I'd like to mention [livejournal.com profile] wormwood_pearl, who this morning gave me the Best V********'s D** Gift EVAR, by doing all the washing-up in the flat :-) ]