Michael Strong

A Quote by Michael on creativity and change

Creativity is not merely about cute pictures drawn by kindergartners.  It is about the ability to create new enterprises, organizations, and institutions that fundamentally change society.

Michael Strong

Source: The Flow Book: The Flow Opportunity: The Creative Powers of a Free Civilization

Contributed by: ~C4Chaos

A Quote by Michael on idealism, change, social entrepreneurs, social entrepreneurship, and social enterprise

The developed world has a vast, under-utilized asset that is not being leveraged to its best advantage: idealistic people who want to make the world a better place.  For most of a century, idealistic people have been encouraged to use anger, protest, lobbying, and legal action in order to make the world a better place.  While most certainly some of these behaviors and activities were necessary, we have reached the point at which the social benefit of such behaviors is decreasing.  We have reached the point at which creation, rather than attack, ought to be the first obligation of reformers.  The social entrepreneurship movement is the first tip of this iceberg.  We want to create a world in which all idealists realize that the creation of new enterprises is the most powerful way to make positive change in the world.  If all the energy that is currently invested in zero-sum political conflict was gradually transferred to the committed creation of sustainable enterprises, the cumulative impact on behalf of the good would be extraordinary.

Michael Strong

Source: The Flow Book: The Flow Opportunity: The Creative Powers of a Free Civilization

Contributed by: ~C4Chaos

A Quote by Michael on silicon valley, technology, business, freedom, and entrepreneurship

Silicon Valley, “the largest legal creation of wealth in history,” was built largely by unprofessional amateurs using math, sand, and the institutions of freedom.  The Soviet Union had the greatest mathematicians on earth, and plenty of sand, but without the institutions of freedom their brilliant mathematicians were not empowered to create
those devices that are changing the world.

Michael Strong

Source: The Flow Book: The Flow Opportunity: The Creative Powers of a Free Civilization

Contributed by: ~C4Chaos

A Quote by Michael on jerks, zaadz, technology, tribes, greed, market, government, social networks, and social networking

Suppose hypothetically that one out of every 200 people or so is a jerk.  In today's world these jerks will discover that if they enter government or business they can become super rich and powerful jerks.  Do we conclude, therefore, that markets (or government) have caused greed?  No, the fact is that once we no longer live in tiny tribes of 200, anonymity allows some people, who would have been assholes in a small tribe but who would have been sanctioned there, to go off and become jerks on a much, much larger scale.

Technology, including Zaadz, will allow us to evade the jerks far more than we could before.  The technology-based social responsibility movement, broadly construed, will allow us to return to some extent to the moral monitoring of small villages.

Michael Strong

Source: zPod:FLOW:Re: Forget the World Bank, Try Wal-Mart

Contributed by: ~C4Chaos

A Quote by Michael on prediction markets, prediction, wisdom of crowds, experts, and academics

The idea behind prediction markets is simple: People who claim to have any foresight or expertise into a social or political issue bet on specific empirical predictions concerning what will happen in the future. James Surowiecki's The Wisdom of Crowds has popularized research showing that under certain conditions "crowds" outperform experts. Well-designed prediction markets fulfill those conditions: The Iowa prediction markets outperform exit polls in predicting elections; and Florida orange futures markets outperform weather forecasters in predicting Florida weather. When we give large numbers of people an opportunity to discover the truth about the world, in a situation in which there are financial pay-offs for accuracy, on balance they outperform experts. More recently, Philip Tetlock conducted a large-scale analysis of expert political judgment and discovered that the better known an "expert," the worse his judgment as measured against predictive accuracy.[4]

Michael Strong

Source: TCS Daily: Put Your Money Where Your Theory Is

Contributed by: ~C4Chaos

A Quote by Michael on paul ehrlich, julian simon, natural resources, scarcity, academics, and academia

Paul Ehrlich's bet with Julian Simon concerning his belief that natural resources were becoming scarce -- which he famously lost -- has not completely undermined Ehrlich's reputation. But what if, instead of one controversial academic betting against another, there were thousands of ordinary people working to make a buck off of the foolishness of academics? Insofar as ordinary people often have much greater insight into social and economic systems than do many academics, the most egregious foolishnesses of academia would rapidly be exposed.

Michael Strong

Source: TCS Daily: Put Your Money Where Your Theory Is

Contributed by: ~C4Chaos

A Quote by Michael on wal-mart, capitalism, business, labor, globalization, and china

An unreflective passion for social justice may be one of the biggest obstacles to creating peace and prosperity in the 21st century. While there are most certainly factory owners in China whom we would rightly regard as criminal in their treatment of their workers, it is very important not to confuse these incidents with the phenomenon of globalization. It is a good thing that Wal-Mart is encouraging more humane standards in its supplier's factories. And yet it is also important to remember that Wal-Mart's "vast pipeline that gives non-U.S. companies direct access to the American market" is a vast pipeline of prosperity for the hundreds of millions of rural Chinese whose lives are more difficult than we can imagine.

Michael Strong

Source: TCS Daily: Forget the World Bank, Try Wal-Mart

Contributed by: ~C4Chaos

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