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Re: <nettime> "Googlex distorts reality"
Keith Sanborn on Thu, 27 Dec 2007 04:43:28 +0100 (CET)


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Re: <nettime> "Googlex distorts reality"


Manipulating markets and predicting them are 2 different things. The former
happens frequently but off stage; it only usually only comes into public view
when the perps are caught: Michael Millikin, Martha Stewart, et al. Saying
people CAN use other search engines is like saying people can use Linux instead
of Windows. Not interesting for the largest number of people engaged in
business.. They can't just say No. It defines the largest part of their
horizons. Corporate consensus practice holds sway. Your example of the mortgage
market is telling: those kinds of loans shd simply have been recognized as
harmful to the world economy and mad illegal, as shd usurous credit card rates
now prevailing world wide . There is no "free market," level playing field,
etc.. Are you forgeting who is in the White House and whose intersts are served
by it?

We are not without choices, but the larger outlines of the analysis have been
obvious for a very long time. This study has the virtue at least of empirically
confiming the intuitively obvious.

Keith Sanborn 

-----Original Message-----

From:  "chad scov1lle" <chad {AT} chadscoville.com>
Subj:  Re: <nettime> "Googlex distorts reality"
Date:  Wed Dec 26, 2007 7:15 am
Size:  5K
To:  nettime-l {AT} kein.org

"Moreover, Maurer was worried that Google could use its "almost
universal" knowledge of what was happening in the world to play global stock
markets to its advantage."

I am highly skeptical of claims such as this. Major market shifts in the past
century have been completely unpredicted, low probability, highly random
events. If anything, the expert problem should attest completely to this idea,
 <...>


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