Tag Archives: fiscal crisis

The Sunday Reading

My favorite article in today’s New York Times is titled “The Rise of the Machines” by Richard Dooling.  I am particularly happy about the fact that we are now long enough into the financial crisis that people are beginning to bring up and dust off the real issues at hand, instead of bandying about with the common parlance of the 24-hour news media.  

Dooling brings up the possibility that the Credit Default Swaps created by impossibly complex computer algorithms are a symptom of Humanity’s long march towards utter dependence upon machines.  

Man is a fire-stealing animal, and we can’t help building machines and machine intelligences, even if, from time to time, we use them not only to outsmart ourselves but to bring us right up to the doorstep of Doom.

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