What the heck is happening here? finance.yahoo.com No profits, no dividends, but the share price is zooming. Perhaps the demand in China is supposed to boost profits or something.
Meanwhile, a sign of the times is that the mighty US Steel has a market capitalisation of less than half the petty cash of Qualcomm, the leader of the mobile cyberspace era.
The industrial revolution is drawing to a close, with airliners by the hundred staying on the ground to avoid ash, while people cerf cyberspace in droves, unaffected. The cyberspace revolution is well and truly on the rampage.
The industrial revolution was a big deal, but the cyberspace revolution is the biggest advance ever including the development of language. It's a bigger deal than the invention of people. It's a bigger deal than the invention of DNA. That's because the invention of DNA led to 1 kg of wet chemistry with significant cognitive function and a few billion of us.
But human memories are weak, the ability to communicate pathetic, speed of thinking appalling, conceptual capacities chimp-like, they take 20 years to learn very little, then die a few decades after that.
Cyberspace memory is vast and growing very fast, communications speed is speed of light, speed of thinking is at the speed of light, upload of data is at gigabytes per second, and cyberspace doesn't have telomeres and doesn't die, though it needs repairs. Conceptual capacity is low, but that's going to very rapidly change and is already underway with transducers and automatic responses rapidly increasing.
People flatter themselves that cyberspace/computers can't "think" and be creative. "Thinking" is just stimulus and response, run through a DNA programme with memories stored for comparison.
Mammals, chimps and then people simply evolved from the red in tooth in claw exigencies of survival. Those with "intelligence" did better than those without. Cyberspace is subject to the same battle for survival. The battle is only 20 years old. Let's give it 200 million years and see whether "intelligence" develops. It will more likely take only 50 years for a seriously impressive cyberspace development of intelligence with billions of people battling away to make it happen.
Those with the smartest computers will do better.
Hong Kong with gigabits per second costing hardly anything will do a lot better than Rwanda with no internet to the village and machete murder tribal warfare for hunter gatherer wealth in territorial possession. Korea, Japan, Singapore, Hong Kong are all doing very well and cyberspace leads in those places.
The next stage of evolution is well underway. The countries which invented the industrial revolution and developed it did well. Those which stayed in the past did not.
Mqurice |
