Link tags: crisis



FSG Originals | Subprime Attention Crisis

For anyone who expressed doubt at my depiction of behavioural advertising simply not working, this book by Tim Hwang is for you:

From the unreliability of advertising numbers and the unregulated automation of advertising bidding wars, to the simple fact that online ads mostly fail to work, Hwang demonstrates that while consumers’ attention has never been more prized, the true value of that attention itself—much like subprime mortgages—is wildly misrepresented.

What’s Happening? Or: How to name a disaster - Elvia Wilk - Bookforum Magazine

It went unnamed by Doris Lessing and Cormac McCarthy. William Gibson called it The Jackpot:

On the one hand, naming the crisis allows one to apprehend it, grasp it, fight back against it. On the other hand, no word can fully encompass it, and any term is necessarily a reduction—the essence of “it” or “change” is not any singular instance but rather their constancy.

Memoirs Of A Survivor, The Peripheral, Parable Of The Sower, New York 2140, The Road, Children Of Men, Station Eleven, Severance, The Rapture, Ridley Walker:

Fiction can portray ecologies, timescales, catastrophes, and forms of violence that may be otherwise invisible, or more to the point, unnameable. We will never grasp the pandemic in its entirety, just like we will never see the microbe responsible for it with the naked eye. But we can try to articulate how it has changed us—is changing us.

A World We Built to Burn | emptywheel

The climate crisis as technical debt:

What we’re dealing with is hundreds of years of something that software world calls technical debt. Technical debt is the shortcuts and trade-offs engineers use to get something done either cheaper or in less time, which inevitably creates the need to fix systems later, often at great cost or difficulty.

Some technical debt is understood up front, some comes from builders being ignorant of the system they are working in. Most of our planet’s infrastructure is mired in huge amounts of technical debt, most of which we didn’t know we were signing up for at the time, some of which we’re just incurring recklessly as we go along, unable to face the scale of the problem and pushing it off on the next generation.