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Book Reviews: George Gilder's 'Life After Google' Disappoints | RealClearMarkets
7/9/ · I preface my review of Gilder’s latest book (Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy) with the above mainly to clarify up front what a profound influence The life of survivors is constantly being threatened by diseases, famine, cold, Infecteds and organizations with hidden agendas. You'll have to stay calm amid all these dangers and believe there is a way out. -Live on with anything available. Explore every inch of the post-apocalyptic world - be it in the city full of Infecteds, or an abandoned mine, or a broken-down college, or a freezing /5(K) Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy George Gilder free download pdf Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy George Gilder mobi download Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy PDF - KINDLE - EPUB - MOBI Life After Google: The
Life after google pdf free download
A few years ago, film and television producer extraordinaire Brian Grazer published A Curious Mind. Grazer periodically meets with people far away from the entertainment world to learn about them, what they do, and why they do what they do. About Gilder, no less a personage than Ronald Reagan quoted him more than any other living writer.
And while Reagan never quoted me, I can conclude with reasonable confidence that no living writer quotes Gilder more than I do. To read my opinion pieces and books is to see regular references to Gilder, not to mention how much his thinking has influenced mine sans direct attribution. I also do this to calm any Gilder fans who might view my review of Life After Google as ideological or biased. Gilder remains a heroic thinker to me.
At the same time Life as it will be called going forward was a disappointment. Much of the rest of Life reads as a stream of consciousness chock full of references to some of the biggest names in technology, life after google pdf free download, along with lots of insider-y tech talk. Numerous Ray Kurzweil mentions for instance, Carver Mead too, and lots of passages that techies might enjoy along the lines of:, life after google pdf free download.
The peak compute rate was 5, life after google pdf free download. The problem for this reader is that much of the book reads like the above passage. As for the life after google pdf free download analysis that underlay the tech talk, I found myself disagreeing with the author with disturbing regularity.
They do for many reasons, but most notably when we consider what he said about smartphones around the publication of his book Life After Television :. Gilder predicted all of the above in When the 21st century began GE was the most valuable U. At the same time, life after google pdf free download, it was easier to dismiss his reasoning within Life. To reiterate, Gilder knows all of this very well. As he notes on p.
It hopes to use these data to enrich its advertising systems…. Some would call it marketing or branding. Time will tell. Gilder seems cranky, and very pessimistic about a whole region. But if it is in fact indicative of what's actually unfolding in the Valley, wouldn't investors be pricing this negative conformist evolution in brutal fashion?
Indeed, the idea that the Valley is a monolith laboring under the assumption of mass unemployment for others thanks to its technology, along with the end of advance thanks to the impossible-to-surpass brilliance of its technology, is belied by the fact that billions flow there every month in pursuit of new ideas. Markets once again discount things; most notably locales where progress is set to cease. As for robots and AI, Gilder expertly rejects the popular narrative that robots will put us all out life after google pdf free download, and along those lines dismisses what he deems a monolithic view inside the Valley that their innovations will do just that.
Except that Gilder's contention that Valley types believe robots will put us mere mortals out of work is more evidence that the futurist is taking the Valley's life after google pdf free download way too seriously.
Why would they invest in advances meant to serve the needs of people heading for the dole? After that, the brilliant supply-sider in Gilder knows Say's Law intimately: production is an expression of a desire to consume, but also a prerequisite. All demand is preceded by production. Importantly, this works both ways. Not only would Silicon Valley's great minds not produce for those on aid, life after google pdf free download, their incentive to produce more broadly would be shrunken.
Implicit in the feverish investment in otherwordly companies is that there will be rather amazing things for Valley types to exchange their brilliant production for.
Robots and AI won't put us out of work as much as they'll make us fall in love with work thanks to the automation stripping work of all that's disagreeable about it. Silicon Valley businesses will achieve nosebleed valuations precisely because they'll propel the individual productivity of workers outside the Valley to remarkable levels that will make their present prosperity seem Dickensian by comparison.
They chose the Valley, and they did so because they aim to get rich. All the affectations are just their sheepish way of hiding how much they lust for wealth. Gilder also knows much better than this writer the failure rate among Valley start-ups.
According to Andy Kessler whom Gilder knows rather well9 out of 10 start-ups there die. Can investors be this dense as to fund what Gilder claims is disdainful of profits and wealth? Giving Gilder the benefit of the doubt, all great advances sound odd at first. At least for now. His insertion into Life of an alleged seer from the skies to explain something he knows well merely added to the book's strange tone, life after google pdf free download.
At the same time, and assuming blockchain is ultimately about private money lubricating trade and investment, amen to that. They erred in much the same way that modern monetary economists have in their relentless need to dismiss Adam Smith's common sense. Nothing more, nothing less. Its genius comes from its stability as a measure, not scarcity as so many faux "sound money" types witlessly presume. Capitalists should find replacing the dollar a breeze.
All these great minds trading measures rather than curing cancer, adding wings to the driverless car, or putting Google out of business. Wall Street banks relish volatile currencies, their downside protected by government.
Main Street and Silicon Valley want stable money for long-term investments, the upside guaranteed by the rule of law. At least about Wall Street. Well, of course. Wealth surges when money is relatively reliable as a measure of value simply because investment does. Crucial is that these business lines are quite a bit more profitable than always ephemeral trading profits are.
Fast forward to the s, and George W. Bush departed from the dollar policies of Ronald Reagan and Bill Clinton. But far from elevating Wall Street, the floating dollar led to its demise. If anyone doubts this, they need only look up a ranking of the top five investment banks in versus Stated simply, life after google pdf free download, floating money has been disastrous for Wall Street as have the bailouts been.
For Gilder to presume that Wall Street benefits from the chaos of weak, floating money, and the inevitable financial crack-ups that both bring, is for him to ignore history. Implicit in such a belief is that the producers of life after google pdf free download goods and services gladly hand them over for money that buys quite a bit less. People aren't this stupid. Let's never forget that all trade is products for products; money just a measure that facilitates the exchange.
Yet Gilder would have us believe governments armed with printing presses and powerful computers can skip the production part by producing dollars that command the world's plenty. Markets once again don't work this way.
Crucial here is that Gilder knows this. The latter is not the Gilder I've been reading for decades. These businesses are an effect of floating money, and because they are they facilitate the creation of enormous wealth.
Indeed, life after google pdf free download, where would the world be without brilliant minds mitigating the chaos of money that lacks an anchor? It is inextricably rooted in hard won knowledge over extended time. The real money is always and everywhere in moving capital to its highest use on the way to crucial information.
Low-entropy money makes wise capital allocation more likely and less risky at the same time. More important, who cares that elite education is ridiculous? Gilder once again knows this. Elite education is an effect of wealth creation as opposed to a driver of it or a barrier to it. The richer the U. gets, life after google pdf free download, the more ridiculous its schools will become.
Whatever the great or not so great of Lifelife after google pdf free download many fans including this one will continue reading him and learning from him as we search for truth through this most brilliant of minds. John Tamny is editor of RealClearMarkets, Life after google pdf free download of the Center for Economic Freedom at FreedomWorks, and a senior economic adviser to Toreador Research and Trading www. His new book is titled They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers.
Other books by Tamny include The End of Workabout the exciting growth of jobs more and more of us love, Who Needs the Fed? and Popular Economics. He can be reached at jtamny realclearmarkets.
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7/9/ · I preface my review of Gilder’s latest book (Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy) with the above mainly to clarify up front what a profound influence The life of survivors is constantly being threatened by diseases, famine, cold, Infecteds and organizations with hidden agendas. You'll have to stay calm amid all these dangers and believe there is a way out. -Live on with anything available. Explore every inch of the post-apocalyptic world - be it in the city full of Infecteds, or an abandoned mine, or a broken-down college, or a freezing /5(K) Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy George Gilder free download pdf Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy George Gilder mobi download Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy PDF - KINDLE - EPUB - MOBI Life After Google: The
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