My latest Guardian column is "Disorganised but effective: how technology lowers transaction costs," a piece about a new kind of group that has been enabled by the Internet -- a group with no formal structure that can still get stuff done, like Occupy and Anonymous.
The things that one person can do define what is "human". The things that transcend the limits of an individual – building a skyscraper, governing a nation, laying a telecommunications network, writing an operating system – are the realm of the super-human.
The most profound social revolutions in human history have arisen whenever a technology comes along that lowers transaction costs. Technologies that makes it cheaper to work together lower the tax on super-human powers.
Language (which allowed for explicit communication), writing (which allowed for record-keeping), literacy (which allowed for communication at a distance and through time) and all the way up to assembly lines, telegraphs, telephones, cryptography (which lowers transaction costs by reducing the amount of energy you have to expend to keep attackers out of your coordination efforts), computers, networks, mobile phones and beyond.
Decreasing transaction costs means that the powerful can do more. If you've already organised a state or criminal enterprise or church with you at the top, it means that you've figured out how to harvest and distribute resources effectively enough to maintain your institutional stability.
Disorganised but effective: how technology lowers transaction costs
When a computer stops behaving, the solution often involves looking up an obscure command and pasting it into the terminal — even experienced administrators and programmers aren’t immune to this, because remembering the exact syntax for commands you use once every couple years is a choresome task.
A study by the Department of Commerce’s National Telecommunications and Information Administration found that half of American Internet users are “deterred” from engaging in online transactions because of fears over privacy and security breaches.
FBI Director James Comey told reporters that “viral video effect” (which is his latest term for what used to be called the “Ferguson effect”) is responsible for increased violent crime in some US cities, in that police are scared to do their jobs because they might end up on Youtube in an unflattering video.
Jared Sinclair developed the RSS reader app Unread, which made $10,000 in its first 24 hours on the iOS market. And we’ve all heard the story of Flappy Bird developer Dong Nguyen, whose creation was reportedly earning $50,000 a day at the height of its 2013 explosion. While those are rare examples, they’re also testament to the […]
If you or your company’s IT system are besieged by black hat cyber attacks, an ethical hacker might be all that stands between crippling damage and a company’s long-term prosperity. It’s no wonder that the market for IT security specialists is exploding. Certification is the key – so learn the tenets of ethical hacking and get […]
Your laptop and mobile devices are top of the line…so why are you trotting out that raggedy decades-old suitcase when you go somewhere? Time to up your travel game with a complete 5-piece Herschel Travel Luggage bundle…and we’ll even give it to you for free!Of course, you’ve got to win the Ultimate Herschel Travel Bundle […]