VII Notes
2010
Notes
[Sunday 14 march 2010 - Saturday 20 March 2010]
[Notebook: DB 68: Salalah]
[page 279]
Sunday 14 march 2010
Its not Catholic that are sinners; it is the Catholic Church that is the sinner. It is a corrupt organization like the US financial system. Stiglitz page xix. Stiglitz
page xx: 'Among the long list of those to blame for the crisis, I would include the economics profession, for it provided the special interests with arguments about efficient and self-regulating markets -- even though advances in economics during the preceding two decades had shown to limited conditions under which that theory held true.'
We cannot control what we cannot see, and most of the financial dystem is deliberately invisible.
Money is a public resource: like power information and material grids the value grid must be transparent and public. Keynes foresaw the euthanasia of the rentier, and with that goes the need for secrecy. Rentier state - Wikipedia In fact we may be heading toward an Islamic concept of money and value management. Keynes page 375. Keynes
[page 280]
The Pope's role is as custodian of real value. Often the popes use perverse reasoning to argue that the value of human life in some way prohibits abortion or sex for fun.
Sex for fun is like skydiving for fun: things can go quite bad if adequate safeguards (error prevention and correction) are not in place.
Reform can only be incremental if there is a master plan, which we are building in the transfinite computer network.
Stiglitz US Financial system: 'the United States had been spared such bubbles for decades after the Great Depression because of the regulations the government had put in place after the trauma. Once deregulation had taken hold, it was only a matter of time before the horrors of the past would return. (page 27)
Stiglitz page 30: 'John Maynard Keynes had one explained the importance of monetary policy in a recession by comparing it to pushing on a string.'
Risk comes from denying the rules of communication theory and running the risk of 'good' messages being corrupted by 'bad' by placing them too close together in message space,ie making them too short (and simple). Length and complexity are the key to communication stability because they create more message space in which to differentiate messages.
[page 281]
Stiglitz page 42: 'Financial markets were still the most important factor in American politics, especially in the realm of economics.'
One thing that has had an inhibitor effect on the development of new religion is doubt about being able to do better than the past. But reading the work of Keynes one Stiglitz (not to mention my own experience of the Church) reveals the past to have be so obviously bad that anybody could improve on it if they approached the problem with an open mind.
Complete transparency of the financial system would enable it to do what it is meant to do: invest in the most profitable technologies and bad puck if this exposes the secret deals that enrich the rich and impoverish the poor.
What is the demand for religion, the demand for credible religion?
The need for religion is shown by the number of people who cling to obsolete religions that are quite incredible, faut de mieux.
Stiglitz page 58: '[Financial] crises do not destroy the assets of an economy. . . . The real assets are much the same as before--the same buildings, factories and people; the same human, physical and material capital.'
page 59: 'bygones are bygones': forgive, but do not let them happen again.
A financial crisis is equivalent to a coordinate singularity in the representation of reality that does not coincide with anything in reality.
[page 282]
Monday 15 March 2010
Stiglitz page 112: 'The success of the financial sector is ultimately measured by the well being it delivers to ordinary citizens.'
The financial sector would like to think that the global financial crisis was a once in a billion act of God but most analysts would see it as a result of perverse incentives and lack of regulation in the sector.'
page 115: 'It was greed that gripped the nation, there were no holds barred--including the exploitation of the weakest in our society.
'bankruptcy is a key feature of capitalism.' ie writing off and correcting errors (forgiveness of sins).
gn3g: sin, money - an encyclopaedic treatment, ultimately a wiki
Our whole society is a suite of software comprising languages, cultures, laws, customs, court decisions and everything else that structures the society into which we are born.
Tuesday 16 March 2010
Respect for the world. . . .
[page 283]
. . .
Wednesday 17 March 2010
Common mode failures in banks. Stiglitz page 149: 'If all the banks use similar models, then a flaw in the model would, for instance, leas them all to make bad lons--and then try to sell all those loans at the same time. And that is precisely what happened.'
Stiglitz page 151: Financial market incentives.
We can build a computer if we have an adequate supply of objects of two distinct species, a set of places to put them and a set of rules for moving them,. One such set of rules is propositional calculus. Another is arithmetic. Arithmetic can be executes with distinct identical objects, as can set theory, merely by combining and dividing sets. A set can be divided into equivalence classes.
1. gn3g [good news, the third generation]is my conceptual website. 2. NT [natural theology]is my personal website. 3. ANT [a new theology] is the technical site. 4. TTC [the theology company] is the management. 5. AT [old theology] is a comparison of historical religions. 6. Finally, TNRP [the natural religion project] is the religious implementation.
. . . TTC is there as a vehicle to be lifted on the wings of an angel. Angel investor - Wikipedia
[page 284]
Now see is the suite of site in any way fits the original design of natural theology / development based on the six scholastic transcendentals ens, res, aliquid, unum, verum, bonum
ens ttc an entity
res tnrp the product of the entity a thing
aliquid at the identity, identified relative to its parent
unum nt at stake was my psychological consistency
verum ant outlooking for a true hypothesis
bonum gn3g the good that drives it is a new vision of god.
. . .
We can implement sets and arithmetic given a suitable space in which to arrange them. This is in effect a two state system, state and space, so we have not really simplified beyond binary. Uniary is mweaningless in that there is no distinction to observe.
. . .
If we take the charitable view that financiers are all morons they are just as much in need of regulation as if they are all geniuses with criminal intentions.
America is a christian nation and has all the christian features and secrecy and power giving a
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free hand to the ruling class to abuse the poor across the whole spectrum from sex to investment.
gn3g biodiversity, Science 327:1179 Marton-LeFevre
Thursday 18 March 2010
Diversity per se does not reduce the risk of confusion or error in any given space. Indeed it increases it by placing the 'message points' (ordered sets) in a given space closer together. On the other hand the complexity involved in biodiversity effectively adds more dimensions to the space. Each added dimension at least doubles the volume of the message space, by adding one bit of entropy, and one might imagine the situation where the addition of a dimension increases the entropy by a factor of ℵ0
We have spoken of the relativity of transfinity, so that we can imagine the actual size of the alephs realized in a given situation to depend on the 'resolution' of that situation.
Management managing for itself and not the stakeholders (shareholders) is a problem at all scales Stiglitz page 154.
I am to some degree unconscious of the fact that I intend to make the majority of these note public as a representation of the path I have taken to reach the conclusions of have accepted as reliable features of the world that can serve as input to engineering a religion that is open to everybody and not subject to tests on belief We do not care that other people believe, only that they behave in public space in such a way as not to impact adversely on our private space (as
[page 286]
many banks, governments, etc have done and continue to do.
. . .
The hard bit in all this has been convincing myself that the fundamental concept, the divinity of the Universe, is viable and so can be ethically propagated. Others may find it distasteful and try to weed it out of the spectrum of religious ideas, but I can stand by it and contrast the relative advantages and disadvantages of various religious points of view while at the same time embracing them all as instances of human networks, which are in turn instances of general (abstract) networks (which may be considered concrete in the physical layer of the Universe).
'browser back button to move back to here.' Verbose but explicit for people whoc like me do not think of these things.
Friday 19 March 2010
Physical vs logical continuity -- to a philosophy journal?
Working on the computer is much the same as building or playing football. One is confronted with a sequence of situations which must be
[page 287]
dealt with if we re to achieve the goal.
We plowed into one another's arms through a swampy forst of Roman Ctholic inhibitions.
The whole world is nano, femto, atto . . . technology.
Trust the world.
Our Christian heritage identifies three principal antagonists of the spirit, the world, the flesh and the devil. Here we wish to reconcile all four. Our foundation is the layered network model and the theory of error detection and correction. Climbing Mount [Improbable] Dawkins Dawkins
Knox, Dons page 225: '. . . we know that the Church is an organism containing her own inherent principle of life, and therefore capable of adapting itself in any environment, shrinking here, putting out feelers there, harmonizing her creeds with the background . . . of contemporary human thought.' Knox
Page 224: 'Her [the Church's] message remains the same in each generation; it is because it is something entrusted to her, not something she evolves from her inner consciousness.'
Wrong: the Church created its doctrines from common experience and literary history, and only in the middle ages gave up bringing out updates. [ ? Vatican II Abbott
[page 288]
The documents of each religion are, on the whole, the work of a lot of powerful and literate old men, as I might aspire to be.
The randomness of quantum channels pints to maximum entropy.
Saturday 20 March 2010
Stiglitz page 178: '. . . corruption really began in the political process . . . '
page 179: 'We have to "hardwire" the system with transparent regulations that give us little leeway for non-enforcement.'
'rewarding failure'
Stiglitz page 181: 'One of the strange aspects of the US tax system is that it treats speculators who gamble better than those who work hard for a living. Capital gains are taxed at a far lower rate than wages.'
. . .
page 181: 'Critics of a tough new regulatory scheme say that it will stifle innovation. But, as we've seen, much of the innovation of the financial system has been designed to circumvent accounting standards designed to ensure the transparency of the financial system
[page 289]
regulations designed to ensure the fairness and stability of the financial system and laws trying to make sure that all citizens pay their fair share of taxes.
This is leak free plumbing operating on an incompressible fluid -- arithmetic.
. . .
