Tuesday, April 29
The other problem with Whuffie, of course, (and Doctorow does touch on this in the book and in the interview) is that it is controlled by positive feedback.
And we all know how well that works.
For those who don't, consider your favourite economic boom-and-bust - from the tulip craze to the Great Depression to the dot.com bubble. Or lynx and hare populations in the Arctic. Or consider a nuclear explosion, which is a great example of positive feedback. If you're lucky, positive feedback will give rise to boom-and-bust cycles. If you're unlucky, you'll get a boom-and-splat.
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