Book review – Capital & Ideology

It’s done , read all 1114 pages. Which sounds harder than it is. Piketty, in writing Capital & Ideology has made a very readable , clear and very well laid out book. It doesn’t get complicated or hard to grasp. It very clearly lays out the history of capital and the inequality that comes with it, with the political landscape as the binding factor.

It shows that all inequality boils down to political choices. The book doesn’t give any one way solutions but rather a frame for further discussions and thinking. On how to make the world a more balanced place.

It takes the wind out of the individualist views and market based thinking as a means to end all problems. I am not giving a short summary on the book bur encourage everyone to read it. Take your time , it’s not complicated but you will need time to process and think about the subjects.

This book should be standard in any economics , history or sociology class. Lately a few very important books have been released on the problems surrounding the economy inequality and the environmental issues of our time. This book puts a lot of that in a historical context.

An absolute must read, food for thought and thinking.

Book – Weapons of Math destruction

In every way we live our lives today we are targeted by algorithms, and we are mostly totally oblivious of the consequences. Which is well very dangerous. In the book weapons of Math destruction , mathematician Cathy O’Neil explores the world of modeling , algorithms and their effects on us humans.

The algorithms are programmed by humans and therefore contain much of their biasses , ideas and expectations. The algorithms when they scale up , and most do, generate hugh feedback loops which amount to self fulfilling prophecies. This goes from education, finance , policing our streets and disturbing our democracy.

In a very clear way Cathy O’Neil explains the different effects of these models and their feedback loops, fueled by entire industries who ‘help’ beat the models in turn reinforcing their outcomes. The worst part ? Their is no appeal , no legislation , no regulation and no transparency. Scary ? Yes? Simply a must read for anyone.