Stock Quote        
  Join        Login  
logo

'Cornucopians In Space' Deliver A Dangerously Misguided Message

 May 10, 2012 10:01 AM

(By Gregor Macdonald) Once a year the very chic and exclusive TED conference takes place in Southern California, bringing together entrepreneurs, inventors, and thought leaders from every corner of the world.

There, gathered around a stage, a kind of hive mind begins to unfold in which the most cutting edge ideas in healthcare, energy, social development, and behavioral psychology are shared from a very plugged-in, big-screen podium. It's extremely well done.

And despite the reflexive criticism from outside the conference -- that the gathering is inward-looking and elitist -- TED usually does manage to disturb the zeitgeist, a little, with its unveilings in technology and innovation. It is plainly good that next-step advances in solar technology, data collection, and developing world health initiatives are explained and broadcasted from TED. Especially given that policy makers, or those who have the ear of policy makers, are also often in attendance.

A better charge to level against the TED conference, however, is that it's routinely, if not unfailingly, optimistic.

The 2009 conference, held in the aftermath of the global financial crisis, did not address the unpleasantness of that historic event in any meaningful way. Moreover, very few talks in recent years have addressed energy costs, especially the price revolution in oil.

In some sense, TED is the techno-innovators' version of the faith expressed by neo-liberal economics, in which the market solves nearly all of its own problems. The enduring posture at TED, therefore, is one that acknowledges serious world problems, ranging from war to famine, water, and food availability, but which nearly always concludes that amazing and ingenious people -- geniuses -- are working to solve the problem. The Great Man theory of history would find each TED conference a comfortable place to be.

So it was perhaps surprising, but also encouraging, that the January 2012 TED conference finally addressed the subject of collapse, by inviting Paul Gilding to give his talk The Earth is Full (opens to video).

I'd actually seen a version of Gilding's talk at the Ilhahee Lecture Series here in Portland last fall. Gilding's view is that we've reached a relationship between global population and available natural resources that makes it inevitable that the economy -- a converter of natural resources into goods -- will sharply slow down, if it has not started to slow down already. Gilding can be thought of not as a neo-Malthusian, or a doomer, but rather as an ecological economist. (As most readers know, I share this same view.) Gilding looks at trailing historical growth rates -- again, the rate at which natural resources are converted to industrial and population growth -- and concludes that the future size of the economy at these growth rates would create a machine that the earth simply cannot sustain. Again, I agree.

But Gilding's TED talk was countered, if you will, with a more typical and rousing plea from Peter Diamandis of the X Prize Foundation.

Diamandis, grounded heavily by a personal background in science and medicine, is not naive. His talk, Abundance is Our Future, was a laundry list of fast-moving technological innovations that have transformed poverty rates historically and promise to transform quality of life in the years ahead.

One of the most laudable and humanistic beliefs advanced by Diamandis is that the 3 billion people who have not yet come online to the Internet and telecom networks represent a vast and underutilized supply of human thinking. As a previous educator myself, I find this argument to be powerful.

My quibble with Diamandis and his talk is that the magnitude of the world's present challenges cannot wait for the array of potential solutions that may start to work at the margins of humanity, even despite his core belief that innovation and its impacts will actually start to speed up. After all, Diamandis is an adherent to technological singularity, the notion that exponential growth in technology will eventually reach a crescendo, thus offering humankind super-solutions at a kind of hyperspeed rate of change.


Next Page >>123

Rich
i On The Market - Daily Newsletter
Every trading day, be ready to attack the market instead of reacting to the market.

You will know where the key technical resistance and support levels are and what the market is likely to do next. iStock will arm you with a target list of stocks to buy and sell - right now - based on our exclusive, proprietary trading models.

Two Week FREE Trial


Signup for i on the market daily edition


Advertisement

Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

Advertisement
Connect with iStockAnalyst
Popular Articles
Recent Research and Quote
Advertisement
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.