An unnerving yet plausible portrait of a future in which “finance capitalism will be as old-fashioned as Flower Power.”
Another entry in the rapidly growing literature about how big data will soon transform capitalism as we know it.
Expect “a fundamental reorganization of our economy, one that will be arguably as momentous as the Industrial Revolution,” write Mayer-Schönberger (Internet Governance and Regulation/Univ. of Oxford; Delete: The Virtue of Forgetting in the Digital Age, 2009, etc.) and Economist contributing editor Ramge. In this thoughtful, provocative account of the coming impact of big data on human transactions, the authors note that economic activity has long been coordinated by markets and firms, with price serving as a convenient way to distill information about the value of goods and services. In the process, valuable details were lost. Now, as we enter a new age of data capitalism, digital innovations are allowing “massive amounts of data…[to] flow quickly, easily, and cheaply between transaction partners,” helping them make better decisions. At the same time, we have the methods and tools to work with that data. This emerging economy has already given us such enterprises as BlaBlaCar, which helps millions of people share car rides each month. “From internet travel site Kayak to online investment company SigFig, to digital labor platform Upwork,” write the authors, “more and more markets that use data to help participants find better matches are gaining traction and attention.” Such improvements in transactions and efficiency will soon reshape markets of all kinds and allow us to address climate change and other complex issues. With price no longer the chief focus (machines will negotiate with sellers), there will be less need for money and banks (many will be gone by the late 2020s), and firms will have to reinvent the way they do business. The authors cover the inevitable upending of the labor market and the possible need for constant worker retraining or a universal basic income.
An unnerving yet plausible portrait of a future in which “finance capitalism will be as old-fashioned as Flower Power.”Pub Date: Feb. 27, 2018
ISBN: 978-0-465-09368-7
Page Count: 288
Publisher: Basic Books
Review Posted Online: Dec. 10, 2017
Kirkus Reviews Issue: Jan. 1, 2018
The Johnstown Flood was one of the greatest natural disasters of all time (actually manmade, since it was precipitated by a wealthy country club dam which had long been the source of justified misgivings). This then is a routine rundown of the catastrophe of May 31st, 1889, the biggest news story since Lincoln's murder in which thousands died. The most interesting incidental: a baby floated unharmed in its cradle for eighty miles.... Perhaps of local interest-but it lacks the Lord-ly touch.
Pub Date: March 18, 1968
ISBN: 0671207148
Page Count: 312
Publisher: Simon & Schuster
Review Posted Online: Oct. 12, 2011
Kirkus Reviews Issue: March 1, 1968
IN THE NEWS
A media-savvy scientist cleans out his desk.
Tyson (Astrophysics for People in a Hurry, 2017, etc.) receives a great deal of mail, and this slim volume collects his responses and other scraps of writing.
The prolific science commentator and bestselling author, an astrophysicist at the American Museum of Natural History, delivers few surprises and much admirable commentary. Readers may suspect that most of these letters date from the author’s earlier years when, a newly minted celebrity, he still thrilled that many of his audience were pouring out their hearts. Consequently, unlike more hardened colleagues, he sought to address their concerns. As years passed, suspecting that many had no interest in tapping his expertise or entering into an intelligent give and take, he undoubtedly made greater use of the waste basket. Tyson eschews pure fan letters, but many of these selections are full of compliments as a prelude to asking advice, pointing out mistakes, proclaiming opposing beliefs, or denouncing him. Readers will also encounter some earnest op-ed pieces and his eyewitness account of 9/11. “I consider myself emotionally strong,” he writes. “What I bore witness to, however, was especially upsetting, with indelible images of horror that will not soon leave my mind.” To crackpots, he gently repeats facts that almost everyone except crackpots accept. Those who have seen ghosts, dead relatives, and Bigfoot learn that eyewitness accounts are often unreliable. Tyson points out that extraordinary claims require extraordinary evidence, so confirmation that a light in the sky represents an alien spacecraft requires more than a photograph. Again and again he defends “science,” and his criteria—observation, repeatable experiments, honest discourse, peer review—are not controversial but will remain easy for zealots to dismiss. Among the instances of “hate mail” and “science deniers,” the author also discusses philosophy, parenting, and schooling.
A media-savvy scientist cleans out his desk.Pub Date: Oct. 8, 2019
ISBN: 978-1-324-00331-1
Page Count: 272
Publisher: Norton
Review Posted Online: Sept. 1, 2019
Kirkus Reviews Issue: Sept. 15, 2019
© Copyright 2025 Kirkus Media LLC. All Rights Reserved.
Follow
Popular in this Genre
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
