Balancing Act: Man or Technology

new technology

Long after I lost my faith in (most) people, I continued to trust technology. It just seemed easier to believe in something grounded in logic and precision-untouched by the whims of human emotion.

As Webster University philosopher Bruce Umbaugh explains,

It’s nice (sometimes) to think technology will save us and make the world perfect.

It’s even nice (sometimes), he adds, “to think we can blame technology for what’s wrong with the world today.”

But is it fair to put so much weight on technology-or think it could ultimately solve our problems?  Not according to William Easterly, a  professor of economics at New York University. “I don’t think things work that way,” Easterly says. “Technology is not a disembodied force that will solve problems on its own. It requires human beings to solve problems.

“So I don’t buy into this worldview that we have this great technology, and all you have to do is sort of plug into the Internet, and globalization will take over and solve all the world’s problems. I don’t think things work that way. I think they require lots and lots of supporting human institutions that respect individual rights, free markets, democracy. These things unfortunately build up more slowly than technological quick fixes.”

Vodpod videos no longer available.

Advertisements

2 Comments

Filed under globest, random, Technology, thoughts, work

2 responses to “Balancing Act: Man or Technology

  1. Chariots

    Pride cometh before a fall. A chariot is only as good as the chariot driver. Remember Titanic, it was the technology wonder of the day. White Star Lines, the captain and the designer, put much too much trust, blind trust, in the technology, without thinking about the logic each step of the way, in favorable and unfavorable conditions. There is a logical way of dealing with disasters – hence disaster management. That is why we need naysayers, they remind us that, indeed, the sky might be falling.

  2. Recent real estate investing practices have placed emphasis on deal making and self-promotion rather than on quality information and disciplined analysis. Deals were put together in a blink of an eye based on the tenant’s credit worthiness (Bear Stern, etc), sacrificing the investigation time it takes to perform in-depth due diligence to better understand a properties’ and true equity value. It is a large reason for the decline in available credit and it is now clear that the residential real estate boom was unsustainable whose negative effect is spreading. Where’s the Data?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s