Profile

Cover photo
Lou Arruda
Lived in Waltham, MA
413 followers|200,164 views
AboutPostsPhotosVideos+1's

Stream

Lou Arruda

Shared publicly  - 
2
Add a comment...

Lou Arruda

Shared publicly  - 
 
 

Interessante: trata-se de uma categorização sociológica, e como tal diferente da escala de Dawkins que é a sistematização dos graus de descrença na tese da existência de Deus.
 ·  Translate
A new study in the US seeks to break down atheists into distinct categories. Which one do you fall into?
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
 
I love the idea here that there are three capitalisms, "Yeoman Capitalism", "Corporate Capitalism", and "Supercapitalism," but I'm not sure I agree entirely with Michael O. Church's description of each of them.  

His description of Yeoman Capitalism is pretty good - this is the capitalism that Adam Smith wrote about, and it is indeed governed by an invisible hand. When companies are engaged in providing real goods and services to each other, and make money by satisfying the needs of others, capitalism works really well.

I like to think that O'Reilly is a great example of Yeoman Capitalism. We make our money by providing things that people pay us for, and I like to think we've created more value for society than we've captured for ourselves, which is how I think it ought to be.  (There is many a multi-billion dollar company whose founders told me they started with a couple of O'Reilly books.)

But it's not just small companies that can practice this kind of capitalism. The corporate structure and the "joint stock company" was a great invention:  a way to allocate resources for larger scale initiatives.  And there are still companies that use capital markets this way.  Amazon is a great example:  they have raised huge amounts of capital from financial markets and have used it to transform industries, providing huge amounts of consumer value in the process. Unlike, say Google, which was profitable without needing huge amounts of outside capital, Amazon has only been able to accomplish what is has with the aid of capital markets.

I think many big companies start out this way, and only go wrong later in their lifecycle, when they are established, and their focus changes from innovation to preservation.  And that's where we get to Church's "Corporate Capitalism."

Church describes Corporate Capitalism as a kind of Feudalism, one in which the corporation is primarily concerned with self preservation and the perquisites of its executives, and co-opts government to give it unfair advantage.  That is entirely true, but he doesn't explain how it came to be so.  

Where this went off the rails was with the increased financialization of corporations.  There are at least three problems with this:

1. Companies are often prevented from the market from taking risks and trying new things.  (Amazon is a stellar exception.)  I remember one entrepreneur telling me:  "I can't do what I need to do to save my company. We're sitting on too much cash. If I invest in the future as I need to, it will depress the stock price, and we'll get acquired for our cash."  That was exactly what happened.  The company is no more.

2. Things that serve real human needs but take too long to show financial results are abandoned. We see diseases that could be cured, but aren't, because there isn't enough money in it.  We see workers squeezed out to plump up profits, or not paid a living wage. (See http://www.forbes.com/sites/laurashin/2013/07/18/why-mcdonalds-employee-budget-has-everyone-up-in-arms/

3.  Rather than being paid out of the actual earnings of the corporation, executives are largely rewarded based on the stock price. This leads both to outsized gains to executives, but also to a culture of manipulation of those prices, whether or not they are justified by the creation of real marketplace value.  And that, of course, is the basis for "supercapitalism."

Supercapitalism is the capitalism that brought us the mortgage crisis of 2009, the result of banks creating and selling financial instruments that were designed to fail.  It also brings news of recent shenanigans like Goldman Sachs' manipulation of commodities markets. (See http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=all)

There's a better term for this:  Looting, as described in a 1996 paper by George Akerlof and Paul Romer:

"…the normal economics of maximizing economic value is replaced by the topsy-turvy economics of maximizing current extractable value, which tends to drive the firm's economic net worth deeply negative. Once owners have decided they can extract more from a firm by maximizing their present take, any action that allows them to extract more currently will be attractive--even if it causes a large reduction in the true economic net worth of the firm.  A dollar in increased dividends today is worth a dollar to owners, but a dollar in increased future earnings is worth nothing because future payments accrue to the creditors who will be left holding the bag." http://papers.ssrn.com/sol3/papers.cfm?abstract-id=227162

That's supercapitalism in a nutshell. 
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
 
Available for a limited time only! 

>I< #twt
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
Jill Duarte originally shared:
 
Scientists and Engineers - got a humorous anecdote about your life in science/engineering? Want to share? Looking for content for a website that would change the way that society thinks about science and the people involved in science.
1
Add a comment...
Have him in circles
413 people
Andrea Finnin's profile photo
Aekasit Rojanawit's profile photo
Brian Carlson's profile photo
Malcolm Underwood's profile photo
Cristina Odom's profile photo
Jeffrey Alexander's profile photo
Nikki Jones's profile photo
This Week in Science (TWIS)'s profile photo
Brent Rossler's profile photo

Lou Arruda

Shared publicly  - 
 
Eeyup. Been saying this for a while.
LAS VEGAS, Aug 3 (Reuters) - The U.S. government's effortsto recruit talented hackers could suffer from the recentrevelations about its vast domestic surveillance programs, asmany private researchers
1
Add a comment...

Lou Arruda

Shared publicly  - 
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
Because he voted against the Amash amendment, Rep. Joe Kennedy has permanently lost my vote.
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
So apparently TiddlyWiki and Firefox 15 don't agree with each other anymore (supposedly there's a Firefox extension that addresses this, but its github site is down). Swell. I loved using this to create various hyperlinked notes files for various things I work on. Anyone else got any other suggestions that are cross-platform, install without too much hassle, and stores its data in files that I can easily stash in a git repo?
1
Dave III's profile photoLou Arruda's profile photo
2 comments
 
+Dave III Programmer speak. :) A "git repo" (short for "repository") is more or less a folder on your system that maintains a history of all the changes you've made to your files in that folder. Programmers do this sort of thing all the time with their programs so that they can in effect go back in time to a prior version to see how they screwed things up in the newest version. :) I kind of like doing the same thing with my notes files for whatever crazy reason -- possibly due in part to being a programmer at my day job. "Git" is the name of a program used to set up/manage these repositories. There are many other programs you can use to do this, but git happens to be my favorite.

TiddlyWiki itself is basically like having a mini-Wikipedia that you can fill up with all your notes and have it contained within a single HTML file that you modify in your browser without having to know HTML, JavaScript, web programming, etc. You can have links to web sites in it, of course, but you can also have links to other little notes and sections within your TiddlyWiki file. However, and not surprisingly, browsers don't like webpages that modify themselves on disk, so it has to jump through a few (legitimate and documented -- they aren't hacking the browsers or anything) hoops to save itself out. Apparently, the latest crop of browsers are tightening their security and removing the tricks TiddlyWiki used to use to accomplish its goals.
Add a comment...

Lou Arruda

Shared publicly  - 
 
Gotta give my wife a bit of a thumbs up. Courtesy of a group called #WebStartWomen  she's started taking a JavaScript/JQuery class. As a programmer myself (systems, not web, but who's counting), it warms my heard to see her joining the club.
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
Looks like my issues with Google Chrome on certain sites are related to my ad blocker and not Chrome itself. Interesting, though I still wish they'd hurry up and fix MathML support.
1
Add a comment...

Lou Arruda

Shared publicly  - 
 
Apparently Firefox 15 is no longer supported by GMail...
1
Add a comment...
People
Have him in circles
413 people
Andrea Finnin's profile photo
Aekasit Rojanawit's profile photo
Brian Carlson's profile photo
Malcolm Underwood's profile photo
Cristina Odom's profile photo
Jeffrey Alexander's profile photo
Nikki Jones's profile photo
This Week in Science (TWIS)'s profile photo
Brent Rossler's profile photo
Work
Occupation
Software Engineer
Basic Information
Gender
Male
Other names
Luis Arruda
Story
Introduction
Software engineer and general geek into anime, video games, computers, science, general technology, aviation, and various other geekeries.
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Previously
Waltham, MA - New Bedford, MA - Providence, RI - North Providence, RI - Pawtucket, RI - Dartmouth, MA - Wrentham, MA
Links
YouTube
Contributor to
Lou Arruda's +1's are the things they like, agree with, or want to recommend.
FlightGear Flight Simulator
plus.google.com

FlightGear is a free, opensource cross-platform flight Simulator.

Larson: The engineering program allows flexibility
feeds.browndailyherald.com

Matt Brundage ’15 asked a very good question in Thursday’s column (“Why aren’t there more engineers?” March 15). I’ve been an engineer for

The Actions of a Handful of Marines: No Need to ‘Celebrate,’ Justify or ...
feedproxy.google.com

About 18 months ago and in response to a piece, Why It's Wrong to Equate Military Service With Heroism, which discussed the technical, logic

Just cos | Bad Astronomy | Discover Magazine
feedproxy.google.com

Geekery | Luke Surl | Some people might consider this a sin, but hey: I'm no angle.This comic is from Luke Surl, who has some pretty funny g

More Dirty Tricks in SPITBOL | Dr Dobb's
drdobbs.com

This post continues the discussion about dirty tricks in the SPITBOL compiler.

Using X-Plane Situations with “Scenario-Based Training”
bruceair.wordpress.com

My new book, Scenario-Based Training with X-Plane and Microsoft Flight Simulator: Using PC-Based Flight Simulations Based on FAA-Industry Tr

GeekNights
plus.google.com

GeekNights Podcast

Questionable Content: New comics every Monday through Friday
questionablecontent.net

Today a whole bunch of websites are going on strike, blacking out their content, or otherwise coming together to express their opposition to

Video Game Reviews
www.1up.com

Video Game Reviews

The Contrasting Psychologies of 'Occupy Wall Street' and the 'Tea Party'...
www.forbes.com

What to make of Occupy Wall Street: ignore it as silly excess or embrace the movement? celebrate the energy or ridicule the process? fear th

The Genetic Ripple Effect of Hardship
online.wsj.com

Our experiences in life don't just affect how we learn and behave, they can also mark our genes and influence our children.

Space Battleship Yamato 宇宙戦艦 ヤマト sung by The Men's Glee Club of New York
www.youtube.com

Space Battleship Yamato sung by The Men's Glee Club of New York. American version is called "Star Blazers" Japanese anime Nikon D5100 85mm 1

Ariel Tweto gets her ticket « Flight Training
blog.aopa.org

In last season's Flying Wild Alaska on the Discovery Channel, we were following the adventures of Ariel Tweto, wondering if she would be abl

Forbes: Tea partiers confused, taxes ‘lower by every measure’ under Obama
coloradoindependent.com

Bruce Bartlett, a fiscal conservative and columnist for Forbes who worked in the George W Bush and Reagan administrations is shocked by what

Não tentes mais… | Antonio de Medeiros Silva
www.zedachica.com

Voz. Recebi a tua carta. Rasguei-a, porque estou farta. Do teu mau comportamento. Nem que de ouro tu fosses. Se tuas palavras doces. Me alte

Antonio Silva (Zé da Chica)
plus.google.com

Official Google+ Page of writer Antonio Silva (Zé da Chica)

The Maya Calendar, 2012 and Pop Culture
www.newbedfordguide.com

The Maya calendar comes to an end on December 21, 2012 and according to the ancient Maya the world is supposed to come to a cataclysmic end,

Welcome to Airplanista! - Aviation Blogs and posts by Dan Pimentel and o...
www.av8rdan.com

Aviation Blogs and posts by Dan Pimentel and other guest writers - presenting aviation news as aviation blogs for pilots about flying, aviat