Lifeboat Foundation

Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the incentive structures faced by economists themselves, necessitating a study of the “economics of economics”? In this broad ranging interview INET Senior Economist Pia Malaney sits down with Eric Weinstein — mathematician, economist, Managing Director of Thiel Capital (as well as her co-author and husband) to discuss these and other issues.

Underlying the seismic shifts in the economy in the last ten years, Dr. Weinstein sees not just a temporary recession brought on by a housing crisis, but rather deep and fundamental shifts in the very factors that made market capitalism the driving force of economic growth for the past two centuries. The most profound of these shifts as Dr. Weinstein sees it, is an end to 20th century style capitalism brought about not by a competing ideology, as many had once feared, but instead by changing technology. As production is driven increasingly by bits rather than atoms, he sees the importance of private goods give way to public goods, undermining a basic requirement of market models. In a different line of thinking, as software becomes increasingly sophisticated it takes on the ability to replace humans not only in low level repetitive tasks but also, with the use of deep learning algorithms, in arbitrarily complex repetitive tasks such as medical diagnosis.

Continue reading “Is Technology Killing Capitalism?” »

Proving 2 temperatures coexist — disrupting thermodynamics.

Stuart Wolpert.

According to the basic laws of thermodynamics, if you leave a warm apple pie in a winter window eventually the pie would cool down to the same temperature as the surrounding air.

Continue reading “UCLA physicists discover ‘apparent departure from the laws of thermodynamics’” »

Experiments confirm the existence of 1-micrometer-sized molecules made of two cesium atoms by showing that their binding energies agree with predictions.

Strongly bound diatomic molecules such as H2H2or O2O2 are less than a nanometer across. Surprisingly, scientists have been able to create two-atom molecules more than a thousand times larger by using exotic atoms that attract one another only very weakly. Now, a pair of physicists have calculated what makes these “macrodimers” stable, and they have verified their predictions by creating micrometer-sized molecules containing two cesium atoms. The macrodimers could have applications in quantum computing.

Until quite recently, creating a hologram of a single photon was believed to be impossible due to fundamental laws of physics. However, scientists at the Faculty of Physics, University of Warsaw, have successfully applied concepts of classical holography to the world of quantum phenomena. A new measurement technique has enabled them to register the first-ever hologram of a single light particle, thereby shedding new light on the foundations of quantum mechanics.

Scientists at the Faculty of Physics, University of Warsaw, have created the first ever hologram of a single light particle. The spectacular experiment was reported in the prestigious journal Nature Photonics.The successful registering of the hologram of a single photon heralds a new era of quantum holography, which offers a whole new perspective on quantum phenomena.

“We performed a relatively simple experiment to measure and view something incredibly difficult to observe: the shape of wavefronts of a single photon,” says Dr. Radoslaw Chrapkiewicz.

Continue reading “The birth of quantum holography—making holograms of single light particles” »

Nice work; understanding the quantum effects in nanomechanical systems is closer to reality in being achieved. Imagine a nanobot or microbot with quantum mechanic properties.

Rob Knobel is probing the ultimate limits of nanomechanical systems to develop and build tiny vapour sensors, which could be used as airport security tools to prevent terrorism or drug smuggling.

He and his students are using highly specialized equipment in the $5-million Kingston Nano Fabrication Laboratory (KNFL), which opened a year ago in Innovation Park, to fabricate nanosensors made from graphene, a form of carbon a single atom thick.

Continue reading “Exploring the promise of the quantum realm” »

Recent findings indicating the possible discovery of a previously unknown subatomic particle may be evidence of a fifth fundamental force of nature, according to a paper published in the journal Physical Review Letters by theoretical physicists at the University of California, Irvine.

“If true, it’s revolutionary,” said Jonathan Feng, professor of physics & astronomy. “For decades, we’ve known of four fundamental forces: gravitation, electromagnetism, and the strong and weak nuclear forces. If confirmed by further experiments, this discovery of a possible fifth force would completely change our understanding of the universe, with consequences for the unification of forces and dark matter.”

The UCI researchers came upon a mid-2015 study by experimental nuclear physicists at the Hungarian Academy of Sciences who were searching for “dark photons,” particles that would signify unseen dark matter, which physicists say makes up about 85 percent of the universe’s mass. The Hungarians’ work uncovered a radioactive decay anomaly that points to the existence of a light particle just 30 times heavier than an electron.

Continue reading “New Evidence For a Fifth Fundamental Force of Nature Could Completely Change Our Understanding of The Universe” »

At 1.40am this morning, China launched a new Space Race with the world’s first quantum satellite, recently named Micius after an ancient Chinese philosopher and engineer, who, more than 2,400 years ago, proposed that light always travelled in a straight line and that the physical world was made up by particles. Quantum teleportation technology would be able to eliminate the 20-minute time delay in communication between earth and Mars and would allow tiny spacecraft to send back images and videos of planets many light years away without the need to carry a huge antenna. It could even give us a glimpse of what’s inside a black hole.

Recent findings indicating the possible discovery of a previously unknown subatomic particle may be evidence of a fifth fundamental force of nature, according to a paper published in the journal Physical Review Letters by theoretical physicists at the University of California, Irvine.

“If true, it’s revolutionary,” said Jonathan Feng, professor of physics & astronomy. “For decades, we’ve known of four fundamental forces: gravitation, electromagnetism, and the strong and weak nuclear forces. If confirmed by further experiments, this discovery of a possible fifth force would completely change our understanding of the universe, with consequences for the unification of forces and dark matter.”

The UCI researchers came upon a mid-2015 study by experimental nuclear physicists at the Hungarian Academy of Sciences who were searching for “dark photons,” particles that would signify unseen dark matter, which physicists say makes up about 85 percent of the universe’s mass. The Hungarians’ work uncovered a radioactive decay anomaly that points to the existence of a light particle just 30 times heavier than an electron.

Although this another article that highlights again China’s planned launch; I wanted to share it because it does (in a pragmatic approach) highlight a couple of the key benefits for having QC.

The imminent launch of the world’s first quantum communication satellite is widely believed to herald a breakthrough in China’s development of quantum technology.

Mysterious and confusing, the study of minute particles smaller than atoms has been applied in fields as diverse as computer processing, lasers and nuclear technology.

Continue reading “How will quantum communication change life?” »