The clickbait future of news and our crisis of consensus

It's often hard to distinguish between what has come to be known as "clickbait"—which according to Dictionary.com is "a sensationalized headline or piece of text on the internet designed to entice people to follow a link to an article on another web page"—and simply a clever headline.

What irks me about true clickbait headlines is that the story often contradicts or fails to mention the claim made in the headline. Of course, if the entire story is merely fabricated or exaggerated in ways that obscure what is actually going on, that is a problem, too.

News organizations are no strangers to sensationalized headlines. In fact, the newspaper business invented an entire category for what is called clickbait, namely, tabloids. The often repeated adage that "if it bleeds, it leads" is reaffirmed on a daily basis.

GameStop: Why the elites hate peer-to-peer power

During Great Britain's golden age of gambling, a Scot named William Cunninghame Graham—losing at cards, out of money, but not yet ready to quit for the evening—secured a loan of 1,000 pounds from a Colonel Archibald Campbell. Graham pledged as security the use of his estate to Campbell for the rest of Campbell's lifetime should Graham be unable to repay the loan. Graham lost all the money. And thus, for a 1,000-pound loan did Graham gamble away his entire estate in one evening.

Today, a group of Wall Street hedge funds are acting like Graham on steroids in the face of a growing group of small investors who have awakened to the power of peer-to-peer communications made possible by social media. (More on peer-to-peer communications below.) In this particular case these small investors seem to be winning hand after hand by pledging much of their savings—in some cases their total life savings—to another risky but decidedly much more political proposition: Beating Wall Street hedge funds at their own game by forcing losses on them for bets the hedge funds have made against a down-on-its-luck retail chain called GameStop and other companies. The focus, however, has been on GameStop which specializes in video games and equipment which increasingly can be purchased online. Another blow to GameStop has been the ongoing pandemic which has kept people out of its retail stores.

The small investors, emboldened by an online Reddit group called WallStreetBets, have so far inflicted nearly $20 billion in losses on their arch short-selling foes as the stock price of GameStop has rocketed from about $17 a share on January 4 to $325 a share on Friday. The stock sold for under $4 a share as recently as July 31. On January 25 the stock closed at $76.79 a share. Two days later it closed at $347.51.

The latest story of toxic deceit and delay: PFAS

Per- and polyfluoroalkyl substances or PFAS—a group of persistent toxic chemicals often referred to as "forever chemicals"—are everywhere. Don't take my word for it. Here is a list posted on the site of the U.S. Environmental Protection (EPA) agency:

• Food packaged in PFAS-containing materials, processed with equipment that used PFAS, or grown in PFAS-contaminated soil or water.
• Commercial household products, including stain- and water-repellent fabrics, nonstick products (e.g., Teflon), polishes, waxes, paints, cleaning products, and fire-fighting foams (a major source of groundwater contamination at airports and military bases where firefighting training occurs).
• Workplace, including production facilities or industries (e.g., chrome plating, electronics manufacturing or oil recovery) that use PFAS.
• Drinking water, typically localized and associated with a specific facility (e.g., manufacturer, landfill, wastewater treatment plant, firefighter training facility).
• Living organisms, including fish, animals and humans, where PFAS have the ability to build up and persist over time

PFAS are even found in animals in Antarctica. Here is a list of health effects again provided by the EPA:

• Infant birth weights
• Effects on the immune system
• Cancer (for PFOA)
• Thyroid hormone disruption (for PFOS).

Paul Feyerabend and the fight over 'truth'

I read philosopher Paul Feyerabend's book Against Method many years ago, and it has shaped my thinking ever since. Feyerabend has been wrongly criticized as anti-science. I would say that he felt that the modern definition of science was too narrow. He described true science as having methodological pluralism. There is no such thing as a unified science, only sciences plural, as French philosopher and anthropologist Bruno Latour has said.

Feyerabend also championed something he called epistemological anarchism. Wikipedia actually gives what I think is a good two-sentence summary:

[T]here are no useful and exception-free methodological rules governing the progress of science or the growth of knowledge. It holds that the idea of the operation of science by fixed, universal rules is unrealistic, pernicious, and detrimental to science itself.

It is worth noting that the word "science" comes from the Latin "scientia." That word does not denote a specific approach to understanding. It means more generally knowledge or skill. When we explore the world in search of competence in our living and being,we ought to be open to many sources of knowledge and many avenues to gain skills.

What my Linux adventure is teaching me about our possible future

I am a Linux ambassador of sorts. I've been using the Linux computer operating system since 2013. I can still remember the light feeling I had the day I broke free of the Microsoft Windows operating system.

No more constant worries about viruses hijacking or corrupting my computer. No more outlays to pay for each upgrade. No more worries that the next upgrade will be really lousy and buggy and remain so for months or even years. And, above all, no more freezes in the middle of my work and work lost as a result.

Now eight years into my Linux adventure I am wildly satisfied with that choice. That remains the case even though my most recent upgrade did not go as planned and got stretched out over several days. But this latest upgrade has made me think hard about why I stick with Linux and what the Linux way of doing things can tell us about a possible, better future.

Solar now 'cheapest electricity in history': How much will it matter?

The International Energy Agency (IEA), the Paris-based consortium of 30 countries, has told us in its flagship World Energy Outlook 2020 that solar-produced electricity is now the "cheapest electricity in history."  That seems like very good news, that is, until the actual expected impact of that fact is examined more closely.

For those who are concerned about climate change and the need to reduce greenhouse gas emissions from electric generation, it is certainly good news—but not quite good enough to make a dent in fossil fuel emissions.

Setting aside any concerns about critical materials needed to make the solar revolution reach completion, it may surprise many readers of the "cheapest electricity in history" headline that growth in solar energy will likely NOT lead to a reduction of fossil fuel burning anytime soon. In fact, the IEA's main forecast has natural gas consumption growing by 30 percent through 2040 while oil consumption levels off but does not decline. Coal use does continue to decline as a share of total energy.

The priest, the engineer and the economist

I was exchanging economist jokes over the holiday and heard this one that seemed apropos both to our resource predicament and the seeming abundance of the holiday season:

A priest, an engineer and an economist were stranded together on a desert island. Given their location, fish seemed to be a logical source of food. So, they discussed how to get some. The priest said that the three of them should pray. The engineer said he thought a better approach would be to fashion a net from materials on the island. The priest and the engineer then turned to the economist for his input. With his hand on his chin, the economist thought for a moment and then looked up and said, "Assume a fish."

That joke neatly summarizes the problem with the vast majority of economic thinking today. Much of that thinking rests on something called the Cobb-Douglas function which has three terms:

Total production = Labor input X Capital input

What is so obviously missing, of course, are physical resources. Hence, "assume a fish" illustrates the slight of hand which most economists perform when referring to the physical world.

Taking a short break - no post this week

I'm taking a short break this week and expect to post again on Sunday, December 27.

Mobility is NOT a business: Why the pandemic-induced collapse of mass transit should concern us all

People have always needed to get from here to there whether by foot, by horse, by ship, by train, by car, by bus or by plane. Civilization DEPENDS on the mobility of humans and the produce they cultivate and extract from the earth. Without mobility everything would grind to a halt. Human mobility—like drinkable water, waste disposal, roads, grain storage and buildings (for government, religion, and commerce)—is a prerequisite to human civilization.

Human mobility may be aided by businesses which manufacture vehicles, motorized and not; supply concrete and asphalt for roadways, sidewalks and tarmacs; supply fuel; and build facilities that are part of the mobility infrastructure. But this is all in service to something essential to civilization, something that is the glue of civilization. Airplanes are optional to civilization. They create a certain kind of civilization. But civilization has been around, of course, for a very long time before airplanes arrived.

Governments typically organize transportation systems and then build the necessary infrastructure and purchase the vehicles or license the purchase of vehicles by others. This is how it is done because mobility is NOT optional for civilization.

Mass transit—the kind of transit in deep trouble right now because of the pandemic—is a product of cities' dense accumulations of people. Though we identify mass transit with the modern industrial city, it has been around for as long as cities themselves. Any locale where there has been a rickshaw, livery horse or carriage for hire has mass transit—by which I mean a system of vehicles that is SHARED by unrelated persons.

You can easily find stories today about the deepening financial distress of mass transit systems in New York City and Washington, D.C. In my experience, the Washington Metro, the tri-state light rail system, isn't entirely empty as depicted in the linked story. But it is very far from the packed-to-gills, standing-room-only affair it used to be during rush hour. Ridership is reported to be down 80 percent. In the San Francisco Bay Area, the BART light rail system in down 90 percent.

Critical metals supply: Industry and government just couldn't be that shortsighted, could they?

In 2009 I had an email exchange with a reader in the computer industry in which he contended that the supply of two key metals in the electronics and solar energy industries, gallium and indium, just couldn't be as precarious as I was claiming.

I bring this up because the European Commission put out a white paper earlier this year about the need for a plan to secure adequate supplies of critical metals including gallium and indium. This concern arises, in part, because these metals and several others are central in the manufacture of ubiquitous devices such as cellphones and renewable energy equipment such as solar cells.

In 2009 my reader made the following case which I summarized in a piece I wrote at the time:

He insists that indium simply can't be that scarce because—get this—there is indium in billions of electronic devices including cellphones and computer screens, in fact, in nearly everything that has a flat-screen display associated with it.

This is curious logic. It says that because we are using a resource ubiquitously and at an exponentially increasing rate, it must be plentiful...

I realized later that what this computer professional actually meant was that the corporate and government planners charged with thinking about resource supply issues couldn't possibly have made a colossal blunder which would lead to a catastrophic shortage of key metals in the electronics industry. He presumed, I think, that such an outcome was simply out of the question given the competence and intelligence of the people in his industry.