"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Monday, June 21, 2010

Do the Media Inform?



Via xkcd of course. Tooltip says:

News networks giving a greater voice to viewers because the social web is so popular are like a chef on the Titanic who, seeing the looming iceberg and fleeing customers, figures ice is the future and starts making snow cones.

2 comments:

TweetingDonal said...

Excellent choice for a cartoon, although http://xkcd.com/26/ is still my favorite.

The media's switch from News to Infotainment helped create this situation. I doubt that it can be overcome unless real "News" and Journalism find a way to express themselves once more.

frank -- Decoding SwiftHack said...

Should we call it "Cargo Cult Journalism"? Something with the trappings of investigative reporting -- a bloke holding a mic, a seriously serious format, and a report written in Old High Newspaperese -- but without the substance that makes good journalism.

I think good journalism, like good science, is ultimately based on the scientific method. A good reporter will ask questions which can falsify things, rather than questions which only serve to confuse everyone.

-- frank