Lifeboat Foundation

What’s to worry? RMS Titanic departs Southampton.

This year marks the 100th anniversary of the Titanic disaster in 1912. What better time to think about lifeboats?

One way to start a discussion is with some vintage entertainment. On the centenary weekend of the wreck of the mega-liner, our local movie palace near the Hudson River waterfront ran a triple bill of classic films about maritime disasters: A Night to Remember, Lifeboat, and The Poseidon Adventure. Each one highlights an aspect of the lifeboat problem. They’re useful analogies for thinking about the existential risks of booking a passage on spaceship Earth.

Can’t happen…

Continue reading “Earth's Titanic Challenges” »

Steamships, locomotives, electricity; these marvels of the industrial age sparked the imagination of futurists such as Jules Verne. Perhaps no other writer or work inspired so many to reach the stars as did this Frenchman’s famous tale of space travel. Later developments in microbiology, chemistry, and astronomy would inspire H.G. Wells and the notable science fiction authors of the early 20th century.

The submarine, aircraft, the spaceship, time travel, nuclear weapons, and even stealth technology were all predicted in some form by science fiction writers many decades before they were realized. The writers were not simply making up such wonders from fanciful thought or childrens ryhmes. As science advanced in the mid 19th and early 20th century, the probable future developments this new knowledge would bring about were in some cases quite obvious. Though powered flight seems a recent miracle, it was long expected as hydrogen balloons and parachutes had been around for over a century and steam propulsion went through a long gestation before ships and trains were driven by the new engines. Solid rockets were ancient and even multiple stages to increase altitude had been in use by fireworks makers for a very long time before the space age.

Some predictions were seen to come about in ways far removed yet still connected to their fictional counterparts. The U.S. Navy flagged steam driven Nautilus swam the ocean blue under nuclear power not long before rockets took men to the moon. While Verne predicted an electric submarine, his notional Florida space gun never did take three men into space. However there was a Canadian weapons designer named Gerald Bull who met his end while trying to build such a gun for Saddam Hussien. The insane Invisible Man of Wells took the form of invisible aircraft playing a less than human role in the insane game of mutually assured destruction. And a true time machine was found easily enough in the mathematics of Einstein. Simply going fast enough through space will take a human being millions of years into the future. However, traveling back in time is still as much an impossibillity as the anti-gravity Cavorite from the First Men in the Moon. Wells missed on occasion but was not far off with his story of alien invaders defeated by germs- except we are the aliens invading the natural world’s ecosystem with our genetically modified creations and could very well soon meet our end as a result.

While Verne’s Captain Nemo made war on the death merchants of his world with a submarine ram, our own more modern anti-war device was found in the hydrogen bomb. So destructive an agent that no new world war has been possible since nuclear weapons were stockpiled in the second half of the last century. Neither Verne or Wells imagined the destructive power of a single missile submarine able to incinerate all the major cities of earth. The dozens of such superdreadnoughts even now cruising in the icy darkness of the deep ocean proves that truth is more often stranger than fiction. It may seem the golden age of predictive fiction has passed as exceptions to the laws of physics prove impossible despite advertisments to the contrary. Science fiction has given way to science fantasy and the suspension of disbelief possible in the last century has turned to disappointment and the distractions of whimsical technological fairy tales. “Beam me up” was simply a way to cut production costs for special effects and warp drive the only trick that would make a one hour episode work. Unobtainium and wishalloy, handwavium and technobabble- it has watered down what our future could be into childish wish fulfillment and escapism.

Continue reading “Verne, Wells, and the Obvious Future Part 1” »

Greetings fellow travelers, please allow me to introduce myself; I’m Mike ‘Cyber Shaman’ Kawitzky, independent film maker and writer from Cape Town, South Africa, one of your media/art contributors/co-conspirators.

It’s a bit daunting posting to such an illustrious board, so let me try to imagine, with you; how to regard the present with nostalgia while looking look forward to the past, knowing that a millisecond away in the future exists thoughts to think; it’s the mode of neural text, reverse causality, non-locality and quantum entanglement, where the traveller is the journey into a world in transition; after 9/11, after the economic meltdown, after the oil spill, after the tsunami, after Fukushima, after 21st Century melancholia upholstered by anti-psychotic drugs help us forget ‘the good old days’; because it’s business as usual for the 1%; the rest continue downhill with no brakes. Can’t wait to see how it all works out.

Please excuse me, my time machine is waiting…

The California Dream Act.

The banking industry is likely California Dreaming about the day when more states get their act together. …For those of us who think that the US will see a bubble in the education industry caused by its efforts to distribute human kind’s knowledge communities outside of the affluent elite, they shouldn’t hold their breath.

The Cali Dream Act could seem like an altruistic attempt to empower our desperate relatives converging on US cities, but there are some fiscally desperate economics behind this proverbial triumph over “social evil”, as if such a thing ever existed…LOL

Continue reading “Avoiding Bubbles — The California Dream Act” »

I got this tweet today, as a part of a larger conversation that technological breakthroughs could help predict disruptive economic times. During the past 10 days or so, the US and global financial markets have taken a deep plung, as a result of, well, according to the CIOs (chief investment officers) and politicians, we don’t know. The new industry pins the almost unanimous economic decisions of sell sell sell, to the latest new is geo-political interactions and/or financial specific news.

We see headlines like “Downgrade Ignites a Global Selloff” at the Wall Street Journal, referring to the Standard & Poor’s downgraded credit rating of US treasuries, which by the way soared during the selloff of equities, because of their relative strength.

Continue reading “The Technological Catalyst behind the Frequent Financial Market Capitulation” »

Dear Lifeboat Foundation Family & Friends,

A few months back, my Aunt Charlotte wrote, wondering why I — a relentless searcher focused upon human evolution and long-term human survival strategy, had chosen to pursue a PhD in economics (Banking & Finance). I recently replied that, as it turns out, sound economic theory and global financial stability both play central roles in the quest for long-term human survival. In the fifth and final chapter of my recent Masters thesis, On the Problem of Sustainable Economic Development: A Game-Theoretical Solution, I argued (with considerable passion) that much of the blame for the economic crisis of 2008 (which is, essentially still upon us) may be attributed the adoption of Keynesian economics and the dismissal of the powerful counter-arguments tabled by his great rival, F.A. von Hayek. Despite the fact that they remained friends all the way until the very end, their theories are diametrically opposed at nearly every point. There was, however, at least one central point they agreed upon — indeed, Hayek was fond of quoting one of Keynes’ most famous maxims: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else” [1].

And, with this nontrivial problem and and the great Hayek vs. Keynes debate in mind, I’ll offer a preview-by-way-of-prelude with this invitation to turn a few pages of On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective:

It is perhaps significant that Keynes hated to be addressed as “professor” (he never had that title). He was not primarily a scholar. He was a great amateur in many fields of knowledge and the arts; he had all the gifts of a great politician and a political pamphleteer; and he knew that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed the world is ruled by little else” [1]. And as he had a mind capable of recasting, in the intervals of his other occupations, the body of current economic theory, he more than any of his compeers had come to affect current thought. Whether it was he who was right or wrong, only the future will show. There are some who fear that if Lenin’s statement is correct that the best way to destroy the capitalist system is to debauch the currency, of which Keynes himself has reminded us [1], it will be largely due to Keynes’s influence if this prescription is followed.…

Continue reading “On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective” »

Perhaps the most important lesson, which I have learned from Mises, was a lesson located outside economics itself. What Mises taught us in his writings, in his lectures, in his seminars, and in perhaps everything he said, was that economics—yes, and I mean sound economics, Austrian economics—is primordially, crucially important. Economics is not an intellectual game. Economics is deadly serious. The very future of mankind —of civilization—depends, in Mises’ view, upon widespread understanding of, and respect for, the principles of economics.

This is a lesson, which is located almost entirely outside economics proper. But all Mises’ work depended ultimately upon this tenet. Almost invariably, a scientist is motivated by values not strictly part of the science itself. The lust for fame, for material rewards—even the pure love of truth—these goals may possibly be fulfilled by scientific success, but are themselves not identified by science as worthwhile goals. What drove Mises, what accounted for his passionate dedication, his ability to calmly ignore the sneers of, and the isolation imposed by academic contemporaries, was his conviction that the survival of mankind depends on the development and dissemination of Austrian economics…

Austrian economics is not simply a matter of intellectual problem solving, like a challenging crossword puzzle, but literally a matter of the life or death of the human race.

–Israel M. Kirzner, Society for the Development of Austrian Economics Lifetime Achievement Award Acceptance Speech, 2006

Continue reading “On the Problem of Sustainable Economic Development: A Game-Theoretical Solution” »

The existential risk reduction career network is a career network for those interested in getting a relatively well-paid job and donating substantial amounts (relative to income) to non-profit organizations focused on the reduction of existential risks, in the vein of SIAI, FHI, and the Lifeboat Foundation.

The aim is to foster a community of donors, and to allow donors and potential donors to give each other advice, particularly regarding the pros and cons of various careers, and for networking with like-minded others within industries. For example, someone already working in a large corporation could give a prospective donor advice about how to apply for a job.

Over time, it is hoped that the network will grow to a relatively large size, and that donations to existential risk-reduction from the network will make up a substantial fraction of funding for the beneficiary organizations.

In isolation, individuals may feel like existential risk is too large a problem to make a dent in, but collectively, we can make a huge difference. If you are interested in helping us make a difference, then please check out the network and request an invitation.

Please feel free to contact the organizers at [email protected] with any comments or questions.

It’s easy to think of people from the underdeveloped world as quite different from ourselves. After all, there’s little to convince us otherwise. National Geographic Specials, video clips on the Nightly News, photos in every major newspaper – all depicting a culture and lifestyle that’s hard for us to imagine let alone relate to. Yes – they seem very different; or perhaps not. Consider this story related to me by a friend.

Ray was a pioneer in software. He sold his company some time ago for a considerable amount of money. After this – during his quasi-retirement he got involved in coordinating medical relief missions to some of the most impoverished places on the planet, places such as Timbuktu in Africa.

The missions were simple – come to a place like Timbuktu and set up medical clinics, provide basic medicines and health care training and generally try and improve the health prospects of native peoples wherever he went.

Upon arriving in Timbuktu, Ray observed that their system of commerce was incredibly simple. Basically they had two items that were in commerce – goats and charcoal.

Continue reading “Cell Phones in Timbuktu” »