The Fourth Industrial Revolution– What It Means and How to Respond


August 25, 2015

Image result for klaus schwab fourth industrial revolution

…we must develop a comprehensive and globally shared view of how technology is affecting our lives and reshaping our economic, social, cultural, and human environments. There has never been a time of greater promise, or one of greater potential peril. Today’s decision-makers, however, are too often trapped in traditional, linear thinking, or too absorbed by the multiple crises demanding their attention, to think strategically about the forces of disruption and innovation shaping our future. –Professor Klaus Schwab, Chairperson, World Economic Forum

https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/

The Fourth Industrial Revolution– What It Means and How to Respond

By Klaus Schwab

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society.

Image result for klaus schwab fourth industrial revolution

The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.

There are three reasons why today’s transformations represent not merely a prolongation of the Third Industrial Revolution but rather the arrival of a Fourth and distinct one: velocity, scope, and systems impact. The speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.

The possibilities of billions of people connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge, are unlimited. And these possibilities will be multiplied by emerging technology breakthroughs in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing.

Already, artificial intelligence is all around us, from self-driving cars and drones to virtual assistants and software that translate or invest. Impressive progress has been made in AI in recent years, driven by exponential increases in computing power and by the availability of vast amounts of data, from software used to discover new drugs to algorithms used to predict our cultural interests. Digital fabrication technologies, meanwhile, are interacting with the biological world on a daily basis. Engineers, designers, and architects are combining computational design, additive manufacturing, materials engineering, and synthetic biology to pioneer a symbiosis between microorganisms, our bodies, the products we consume, and even the buildings we inhabit.

Challenges and Opportunities

Like the revolutions that preceded it, the Fourth Industrial Revolution has the potential to raise global income levels and improve the quality of life for populations around the world. To date, those who have gained the most from it have been consumers able to afford and access the digital world; technology has made possible new products and services that increase the efficiency and pleasure of our personal lives. Ordering a cab, booking a flight, buying a product, making a payment, listening to music, watching a film, or playing a game—any of these can now be done remotely.

In the future, technological innovation will also lead to a supply side miracle, with long-term gains in efficiency and productivity. Transportation and communication costs will drop, logistics and global supply chains will become more effective, and the cost of trade will diminish, all of which will open new markets and drive economic growth.

HUBO, a multifunctional walking humanoid robot performs a demonstration of its capacities next to its developer Oh Jun-Ho, Professor at the Korea Advanced Institute of Science and Technology (KAIST) during the annual meeting of the World Economic Forum (W

At the same time, as the economists Erik Brynjolfsson and Andrew McAfee have pointed out, the revolution could yield greater inequality, particularly in its potential to disrupt labor markets. As automation substitutes for labor across the entire economy, the net displacement of workers by machines might exacerbate the gap between returns to capital and returns to labor. On the other hand, it is also possible that the displacement of workers by technology will, in aggregate, result in a net increase in safe and rewarding jobs.

We cannot foresee at this point which scenario is likely to emerge, and history suggests that the outcome is likely to be some combination of the two. However, I am convinced of one thing—that in the future, talent, more than capital, will represent the critical factor of production. This will give rise to a job market increasingly segregated into “low-skill/low-pay” and “high-skill/high-pay” segments, which in turn will lead to an increase in social tensions.

In addition to being a key economic concern, inequality represents the greatest societal concern associated with the Fourth Industrial Revolution. The largest beneficiaries of innovation tend to be the providers of intellectual and physical capital—the innovators, shareholders, and investors—which explains the rising gap in wealth between those dependent on capital versus labor. Technology is therefore one of the main reasons why incomes have stagnated, or even decreased, for a majority of the population in high-income countries: the demand for highly skilled workers has increased while the demand for workers with less education and lower skills has decreased. The result is a job market with a strong demand at the high and low ends, but a hollowing out of the middle.

Given the Fourth Industrial Revolution’s rapid pace of change and broad impacts, legislators and regulators are being challenged to an unprecedented degree and for the most part are proving unable to cope. This helps explain why so many workers are disillusioned and fearful that their own real incomes and those of their children will continue to stagnate. It also helps explain why middle classes around the world are increasingly experiencing a pervasive sense of dissatisfaction and unfairness. A winner-takes-all economy that offers only limited access to the middle class is a recipe for democratic malaise and dereliction.

Discontent can also be fueled by the pervasiveness of digital technologies and the dynamics of information sharing typified by social media. More than 30 percent of the global population now uses social media platforms to connect, learn, and share information. In an ideal world, these interactions would provide an opportunity for cross-cultural understanding and cohesion. However, they can also create and propagate unrealistic expectations as to what constitutes success for an individual or a group, as well as offer opportunities for extreme ideas and ideologies to spread.

The Impact on Business

An underlying theme in my conversations with global CEOs and senior business executives is that the acceleration of innovation and the velocity of disruption are hard to comprehend or anticipate and that these drivers constitute a source of constant surprise, even for the best connected and most well informed. Indeed, across all industries, there is clear evidence that the technologies that underpin the Fourth Industrial Revolution are having a major impact on businesses.

On the supply side, many industries are seeing the introduction of new technologies that create entirely new ways of serving existing needs and significantly disrupt existing industry value chains. Disruption is also flowing from agile, innovative competitors who, thanks to access to global digital platforms for research, development, marketing, sales, and distribution, can oust well-established incumbents faster than ever by improving the quality, speed, or price at which value is delivered.

Major shifts on the demand side are also occurring, as growing transparency, consumer engagement, and new patterns of consumer behavior (increasingly built upon access to mobile networks and data) force companies to adapt the way they design, market, and deliver products and services.

A key trend is the development of technology-enabled platforms that combine both demand and supply to disrupt existing industry structures, such as those we see within the “sharing” or “on demand” economy. These technology platforms, rendered easy to use by the smart phone, convene people, assets, and data—thus creating entirely new ways of consuming goods and services in the process. In addition, they lower the barriers for businesses and individuals to create wealth, altering the personal and professional environments of workers. These new platform businesses are rapidly multiplying into many new services, ranging from laundry to shopping, from chores to parking, from messages to travel.

On the whole, there are four main effects that the Fourth Industrial Revolution has on business—on customer expectations, on product enhancement, on collaborative innovation, and on organizational forms. Whether consumers or businesses, customers are increasingly at the epicenter of the economy, which is all about improving how customers are served. Physical products and services, moreover, can now be enhanced with digital capabilities that increase their value. New technologies make assets more durable and resilient, while data and analytics are transforming how they are maintained. A world of customer experiences, data-based services, and asset performance through analytics, meanwhile, requires new forms of collaboration, particularly given the speed at which innovation and disruption are taking place. And the emergence of global platforms and other new business models, finally, means that talent, culture, and organizational forms will have to be rethought.

Overall, the inexorable shift from simple digitization (the Third Industrial Revolution) to innovation based on combinations of technologies (the Fourth Industrial Revolution) is forcing companies to reexamine the way they do business. The bottom line, however, is the same: business leaders and senior executives need to understand their changing environment, challenge the assumptions of their operating teams, and relentlessly and continuously innovate.

The Impact on Government

As the physical, digital, and biological worlds continue to converge, new technologies and platforms will increasingly enable citizens to engage with governments, voice their opinions, coordinate their efforts, and even circumvent the supervision of public authorities. Simultaneously, governments will gain new technological powers to increase their control over populations, based on pervasive surveillance systems and the ability to control digital infrastructure. On the whole, however, governments will increasingly face pressure to change their current approach to public engagement and policy making, as their central role of conducting policy diminishes owing to new sources of competition and the redistribution and decentralization of power that new technologies make possible.

Ultimately, the ability of government systems and public authorities to adapt will determine their survival. If they prove capable of embracing a world of disruptive change, subjecting their structures to the levels of transparency and efficiency that will enable them to maintain their competitive edge, they will endure. If they cannot evolve, they will face increasing trouble.

This will be particularly true in the realm of regulation. Current systems of public policy and decision-making evolved alongside the Second Industrial Revolution, when decision-makers had time to study a specific issue and develop the necessary response or appropriate regulatory framework. The whole process was designed to be linear and mechanistic, following a strict “top down” approach.

But such an approach is no longer feasible. Given the Fourth Industrial Revolution’s rapid pace of change and broad impacts, legislators and regulators are being challenged to an unprecedented degree and for the most part are proving unable to cope.

How, then, can they preserve the interest of the consumers and the public at large while continuing to support innovation and technological development? By embracing “agile” governance, just as the private sector has increasingly adopted agile responses to software development and business operations more generally. This means regulators must continuously adapt to a new, fast-changing environment, reinventing themselves so they can truly understand what it is they are regulating. To do so, governments and regulatory agencies will need to collaborate closely with business and civil society.

A robotic arm by Mitsubishi Electric assembles a toy car at the System Control Fair SCF 2015 in Tokyo, Japan December 2, 2015.

The Fourth Industrial Revolution will also profoundly impact the nature of national and international security, affecting both the probability and the nature of conflict. The history of warfare and international security is the history of technological innovation, and today is no exception. Modern conflicts involving states are increasingly “hybrid” in nature, combining traditional battlefield techniques with elements previously associated with non-state actors. The distinction between war and peace, combatant and non combatant, and even violence and nonviolence (think cyber warfare) is becoming uncomfortably blurry.

As this process takes place and new technologies such as autonomous or biological weapons become easier to use, individuals and small groups will increasingly join states in being capable of causing mass harm. This new vulnerability will lead to new fears. But at the same time, advances in technology will create the potential to reduce the scale or impact of violence, through the development of new modes of protection, for example, or greater precision in targeting.

The Impact on People

The Fourth Industrial Revolution, finally, will change not only what we do but also who we are. It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we develop our careers, cultivate our skills, meet people, and nurture relationships. It is already changing our health and leading to a “quantified” self, and sooner than we think it may lead to human augmentation. The list is endless because it is bound only by our imagination.

I am a great enthusiast and early adopter of technology, but sometimes I wonder whether the inexorable integration of technology in our lives could diminish some of our quintessential human capacities, such as compassion and cooperation. Our relationship with our smartphones is a case in point. Constant connection may deprive us of one of life’s most important assets: the time to pause, reflect, and engage in meaningful conversation.

One of the greatest individual challenges posed by new information technologies is privacy. We instinctively understand why it is so essential, yet the tracking and sharing of information about us is a crucial part of the new connectivity. Debates about fundamental issues such as the impact on our inner lives of the loss of control over our data will only intensify in the years ahead. Similarly, the revolutions occurring in biotechnology and AI, which are redefining what it means to be human by pushing back the current thresholds of life span, health, cognition, and capabilities, will compel us to redefine our moral and ethical boundaries.

Shaping the Future

Neither technology nor the disruption that comes with it is an exogenous force over which humans have no control. All of us are responsible for guiding its evolution, in the decisions we make on a daily basis as citizens, consumers, and investors.

We should thus grasp the opportunity and power we have to shape the Fourth Industrial Revolution and direct it toward a future that reflects our common objectives and values.

To do this, however, we must develop a comprehensive and globally shared view of how technology is affecting our lives and reshaping our economic, social, cultural, and human environments. There has never been a time of greater promise, or one of greater potential peril. Today’s decision-makers, however, are too often trapped in traditional, linear thinking, or too absorbed by the multiple crises demanding their attention, to think strategically about the forces of disruption and innovation shaping our future.

In the end, it all comes down to people and values. We need to shape a future that works for all of us by putting people first and empowering them. In its most pessimistic, dehumanized form, the Fourth Industrial Revolution may indeed have the potential to “robotize” humanity and thus to deprive us of our heart and soul. But as a complement to the best parts of human nature—creativity, empathy, stewardship—it can also lift humanity into a new collective and moral consciousness based on a shared sense of destiny. It is incumbent on us all to make sure the latter prevails.

In the end, it all comes down to people and values. We need to shape a future that works for all of us by putting people first and empowering them. In its most pessimistic, dehumanized form, the Fourth Industrial Revolution may indeed have the potential to “robotize” humanity and thus to deprive us of our heart and soul. But as a complement to the best parts of human nature—creativity, empathy, stewardship—it can also lift humanity into a new collective and moral consciousness based on a shared sense of destiny. It is incumbent on us all to make sure the latter prevails.

Joseph Stiglitz: Creating a Learning Society


February 9, 2016

Joseph Stiglitz: Creating a Learning Society

 

Calculus on a blackboard

(pic) Financial market liberalisation may undermine countries? ability to learn another set of skills that are essential for development: how to allocate resources and manage risk. Photograph: Image Source / Alamy/Alamy

by Joseph E.  Stiglitz

http://www.theguardian.com/business/2014/jun/09/why-learning-matters-innovation-joseph-stiglitz

Citizens in the world’s richest countries have come to think of their economies as being based on innovation. But innovation has been part of the developed world’s economy for more than two centuries. Indeed, for thousands of years, until the Industrial Revolution, incomes stagnated. Then per capita income soared, increasing year after year, interrupted only by the occasional effects of cyclical fluctuations.

The Nobel laureate economist Robert Solow noted some 60 years ago that rising incomes should largely be attributed not to capital accumulation, but to technological progress – to learning how to do things better. While some of the productivity increase reflects the impact of dramatic discoveries, much of it has been due to small, incremental changes. And, if that is the case, it makes sense to focus attention on how societies learn, and what can be done to promote learning – including learning how to learn.

A century ago, the economist and political scientist Joseph Schumpeter argued that the central virtue of a market economy was its capacity to innovate. He contended that economists’ traditional focus on competitive markets was misplaced; what mattered was competition for the market, not competition in the market. Competition for the market drove innovation. A succession of monopolists would lead, in this view, to higher standards of living in the long run.

Schumpeter’s conclusions have not gone unchallenged. Monopolists and dominant firms, like Microsoft, can actually suppress innovation. Unless checked by anti-trust authorities, they can engage in anti-competitive behavior that reinforces their monopoly power.

Moreover, markets may not be efficient in either the level or direction of investments in research and learning. Private incentives are not well aligned with social returns: firms can gain from innovations that increase their market power, enable them to circumvent regulations, or channel rents that would otherwise accrue to others.
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But one of Schumpeter’s fundamental insights has held up well: conventional policies focusing on short-run efficiency may not be desirable, once one takes a long-run innovation/learning perspective. This is especially true for developing countries and emerging markets.

Industrial policies – in which governments intervene in the allocation of resources among sectors or favour some technologies over others – can help “infant economies” learn. Learning may be more marked in some sectors (such as industrial manufacturing) than in others, and the benefits of that learning, including the institutional development required for success, may spill over to other economic activities.

Such policies, when adopted, have been frequent targets of criticism. Government, it is often said, should not be engaged in picking winners. The market is far better in making such judgments.

But the evidence on that is not as compelling as free-market advocates claim. America’s private sector was notoriously bad in allocating capital and managing risk in the years before the global financial crisis, while studies show that average returns to the economy from government research projects are actually higher than those from private-sector projects – especially because the government invests more heavily in important basic research. One only needs to think of the social benefits traceable to the research that led to the development of the internet or the discovery of DNA.

But, putting such successes aside, the point of industrial policy is not to pick winners at all. Rather, successful industrial policies identify sources of positive externalities – sectors where learning might generate benefits elsewhere in the economy.

Viewing economic policies through the lens of learning provides a different perspective on many issues. The great economist Kenneth Arrow emphasised the importance of learning by doing. The only way to learn what is required for industrial growth, for example, is to have industry. And that may require either ensuring that one’s exchange rate is competitive or that certain industries have privileged access to credit – as a number of East Asian countries did as part of their remarkably successful development strategies.

There is a compelling infant economy argument for industrial protection. Moreover, financial market liberalisation may undermine countries’ ability to learn another set of skills that are essential for development: how to allocate resources and manage risk.

Likewise, intellectual property, if not designed properly, can be a two-edged sword when viewed from a learning perspective. While it may enhance incentives to invest in research, it may also enhance incentives for secrecy – impeding the flow of knowledge that is essential to learning while encouraging firms to maximise what they draw from the pool of collective knowledge and to minimise what they contribute. In this scenario, the pace of innovation is actually reduced.

More broadly, many of the policies (especially those associated with the neoliberal “Washington Consensus”) foisted on developing countries with the noble objective of promoting the efficiency of resource allocation today actually impede learning, and thus lead to lower standards of living in the long run.

Virtually every government policy, intentionally or not, for better or for worse, has direct and indirect effects on learning. Developing countries where policymakers are cognisant of these effects are more likely to close the knowledge gap that separates them from the more developed countries. Developed countries, meanwhile, have an opportunity to narrow the gap between average and best practices, and to avoid the danger of secular stagnation.

• Joseph E. Stiglitz, a Nobel laureate in economics, is University Professor at Columbia University. His most recent book, co-authored with Bruce Greenwald, is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress.

Copyright: Project Syndicate, 2014.

Malaysia :Moderates and extremists and anyone in between


January 15, 2016

 Malaysia :Moderates and extremists and anyone in between

by Dr. Kua Kia Soong
http://www.freemalaysiatoday.com

Our society is fast becoming an Orwellian dystopia in which “moderates”, “extremists”, “national security”, “national harmony” and other fluffy terms have become relative (Doublespeak) and imprecise, depending on how they are defined by the state and the judiciary.–Kua Kia Soong

The rise of the far right and the religious bigots in Malaysia has in turn given rise to a movement of “moderates”. As human beings, we have an instinctive grasp of the ancient wisdom of moderation as the way (the Tao) to a healthy body and way of life. In the body politic, however, espousing “moderation” becomes imprecise since it is an example of fluffy language that is also used by the powers-that-be to deal with those who uphold truth, justice and human rights.

Kua-Kia-Soong

Let me illustrate what I mean. When I was detained without trial by then Prime Minister Mahathir Mohamad under Operation Lalang from 1987 to 1989, the Special Branch in their relentless interrogations insisted on categorizing me as an “extremist”.

Among ‘allegations of fact’ under the Internal Security Act, I was alleged to have written a book ‘Polarisation in Malaysia: The Root Causes’. This is an excellent example of the relativism of “moderation” and “extremism” in Malaysia.

In the first place, this book was sponsored and signed by all the 24 major Chinese associations in Malaysia in 1987. It was not banned by the government. But I was considered an “extremist” for having written it and (in their eyes) deserved to be detained without trial because I was alleged to have threatened the internal security of the country.

On the other hand, Mahathir himself had in fact written a book, The Malay Dilemma, in 1969 and the government at the time under the Tunku had considered it “extremist” and banned the book. Nonetheless, while his book was considered “extremist” and not fit for public consumption, Mahathir was not considered extremist enough to be detained without trial and he has, in fact, never been detained under the ISA.

If we are to ensure the principles of democracy are upheld, we have to question the validity of the issues involved in such loosely used terms as “moderation” or “extremism”, and take a stand so as not to fall for these fluffy concepts. Recently, we had religious bigots and racists calling for Bibles containing the word “Allah” to be burned. The authorities considered them to be “moderates” because they were “merely trying to defend Islam”. Such an interpretation of “moderation” seems to go on ad nauseam in contemporary Malaysian society.

Extremism-Featured

Our society is fast becoming an Orwellian dystopia in which labels such as “moderates”, “extremists”, “national security”, “national harmony” and other fluffy terms have become relative (Doublespeak) and imprecise, depending on how they are defined by the state and the judiciary. This requires civic vigilance to demand precision about who “the perpetrators of a crime” are; we need to know “who specifically said what” and “what specifically they said or did”. “

Calling an Equality Act an Equality Act

It is very clear that we are trying to deal with a problem widely recognised by the world community, at least since the Second World War – namely, racism, racial discrimination, related prejudice and intolerance. Let us examine how other countries deal with this problem.

Britain has the Equality Act 2010, the purpose of which is to align the Race Relations Act with European human rights legislation and to extend protection to other groups not previously covered namely, age, disability, gender, religion, belief and sexual orientation.

Thus, in my critique of the “Harmony Act” that has been proposed to replace the Sedition Act, I have stressed that we should call an Equality Act an Equality Act and not by any other fluffy name. If equality is still taboo in Malaysia in the 21st century, we are indeed living in Never-never Land (or Takboleh Land)!

Religious bigotry and Islamic populism

The increasing cases of religious bigotry and injustice toward non-Muslims in the country are actually instances of the misapplication of the federal constitution which provided for freedom of religion as at independence. Subsequent amendments to the Federal Constitution and state enactments have led to the Judiciary deferring its powers to the inferior syariah courts in disputes between a Muslim and a non-Muslim regarding conversion from Islam and other areas.

To reinstate the status quo ante as it was in 1957 (our “social contract”?), there needs to be in place a Law Commission that would be empowered to ensure freedom of religion in this country and restate the jurisdiction of the civil courts and the syariah courts. In upholding the principle of freedom of religion in the federal constitution, the post-1957 state enactments that clearly violate this freedom – as in the case of the Bible-seizing episodes – have to be rescinded. Such a reform is essential in order to recognize the 1957 “social contract” as supreme and thus prevent any further Bible-seizing adventures. This and not the magnanimity of the Menteri Besar or the monarch is crucial in establishing our right to freedom of religion under the federal constitution.

Routinization of racial discrimination

These are examples of the routinization of racial discrimination in Malaysia that has become part of the “normality” accepted by many so-called “moderates”. Again, this only exposes the relativity and vagueness of the concept of “moderation” that currently abounds in the media and begs the question: moderate in relation to what?

Concerned Malaysians should call for the institution of structural reforms for healthy ethnic relations and the equality to which we as citizens are entitled. These include calling upon the government to immediately initiate moves to ratify the Convention on the Elimination of Racial Discrimination (CERD) and the International Covenant on Civil and Political Rights (ICCPR).

We need to address the main issues of racism, racial discrimination and related intolerance in our society and to propose appropriate bills and institutions to resolve these problems. Failure to do so results in fluffily clad initiatives and bills which can be used by despots as double-edged swords to deal only with human rights defenders rather than the perpetrators of hate and division.

Dr. Kua Kia Soong is the adviser of SUARAM (Suara Rakyat Malaysia).

 

Professor Kishore Mahbubani–Asia Rising Again


January 12, 2016

Professor Kishore Mahbubani– The Return of Asia

This is intended for the benefit of my doctoral students at the Techo Sen School of Government and International Relations, The University of Cambodia.  I think it is useful to share the thoughts of this controversial and strategic thinker and Dean and Professor Kishore Mahbubani of the Lee Kuan Yew School of Public Policy, National University of Singapore with all of you.

I  also hope my fellow Malaysians can see why our nation is today’s laggard in Southeast Asia. The reason is very simple and that is we have mediocre  and corrupt leadership and  a culture that promotes mediocrity and dependency on a nanny state.–Din Merican

Bill Gates: The Billionaire Book Critic


January 8, 2016

Bill Gates: The Billionaire Book Critic

Evan Thomas, the best-selling biographer of Robert F. Kennedy and Dwight D. Eisenhower and the author of a half-dozen other books, has seen those books reviewed over the years by The New Yorker, The Washington Post and The Atlantic. But with the recent publication of his latest work, “Being Nixon: A Man Divided,” he experienced for the first time a new phenomenon: the Bill Gates bump.

Bill Gates in May 2014. In his Gates Notes blog, he has reviewed books, including: “Thing Explainer,” by Randall Munroe and “The Rosie Project,” by Graeme Simsion. Just before Christmas, Mr. Thomas learned that his book had been favorably reviewed by Mr. Gates on his blog, Gates Notes.

“I’m surprised by the number of biographies I read that paint their subjects in black-and-white terms,” Mr. Gates wrote. “A classic example is former U.S. president Richard Nixon, who is too often portrayed as little more than a crook and a warmonger. So it was refreshing to see a more balanced account in ‘Being Nixon,’ by author and journalist Evan Thomas.” The review was illustrated by a photograph of the book on a desk adorned with objects from the Nixon era, like a rotary phone.

Bill Gates on Books and Blogging

Bill Gates, the co-founder of Microsoft, has emerged as a force in the publishing industry, thanks to the book reviews he posts on his blog, Gates Notes. Mr. Gates, who says he reads about 50 books a year, discussed his love of reading, how he makes his selections and what book Warren Buffett recommended. Below are excerpts from a recent email interview.

What role does reading play in your life?

It is one of the chief ways that I learn, and has been since I was a kid. These days, I also get to visit interesting places, meet with scientists and watch a lot of lectures online. But reading is still the main way that I both learn new things and test my understanding.

For example, this year I enjoyed Richard Dawkins’s “The Magic of Reality,” which explains various scientific ideas and is aimed at teenagers. Although I already understood all the concepts, Dawkins helped me think about the topics in new ways. If you can’t explain something simply, you don’t really understand it.

What made you decide to start the books blog and write reviews?

I have always loved reading and learning, so it is great if people see a book review and feel encouraged to read and share what they think online or with their friends.

It also helps to have a platform for talking about the work I’m doing, both through the foundation and separate from it, because I find people are curious about it.

How do you choose the books you read? Recommendations from family/friends/media?

It’s a mix of things. Melinda and I will sometimes exchange books we like. I also get recommendations from friends. After I finish something great, I will often try to find other books by that author or similar ones on the same subject.

Earlier this year Melinda and I saw the musical “Hamilton,” which inspired me to read Ron Chernow’s biography.

What was the process of selecting the books for the best-of-the-year list? Any tough choices?

I didn’t set out to do this intentionally, but when I looked back at the books I read this year, I realized that a lot of them touch on the theme “how things work.”Some, like Randall Munroe’s “Thing Explainer,” are written exactly for that reason. He uses diagrams paired with the most common 1,000 words in the English language to explain complicated ideas.

Other books on my list offer insights into human beings, our values, our strengths and flaws.

Is there one book that was an unexpected choice for you that you unexpectedly loved?

One of the main reasons I started my blog was to share thoughts about what I’m reading. So it is nice to see people sharing their own reactions and recommendations in the comments section of the site.

One book that was especially fun to highlight was “Business Adventures,” by John Brooks. This is the first book Warren Buffett recommended to me after we met in 1991, and it is still the best business book I have ever read. Brooks deserves to be much better known than he is.

Although he wrote in the 1960s, the issues he talks about are still relevant today. “Business Adventures” went out of print decades ago and Brooks died in 1993, but his family was nice enough to let me post one chapter called “Xerox Xerox Xerox Xerox” on my blog.

I don’t read a lot of fiction but was surprised by how much I loved the novel “The Rosie Project,” by Graeme Simsion. Melinda read it first and kept stopping to recite parts of it out loud to me. Eventually, I decided to take a look.

I started it one night at 11 p.m. and stayed up with it until 3 a.m. It is very funny, while also showing a lot of empathy for people who struggle in social situations.After I sent it and the sequel (“The Rosie Effect”) to dozens of friends and wrote about it on my blog, I heard from a lot of people who were touched by it. There is talk of turning it into a movie, which I hope happens. Rosie and Don Tillman would make a great on-screen couple.

I like highlighting the work of Vaclav Smil. He has written more than 30 books, and I have read them all. He takes on huge topics like energy or transportation and gives them a thorough examination.

Smil’s books are not for casual readers and I don’t agree with him on everything, but I like to feature his work because the world would be a better place if more people thought as rigorously and systematically as he does.

Singapore: Getting Around with Technology


November 9, 2015

Singapore: Getting Around with Technology

by Surekha A. Yadav

getting_around_-_singapore.htm_txt_js_singapore_title_photo

Not everyone has noticed but Singaporeans are living through a revolution right now. An old and arbitrary tyranny is falling around us for a new, better order driven by technology.

Taxi apps are revolutinising our transport space and that’s a pretty big deal.Taxis and the weakness of the Singapore cab system have long been a personal bugbear.And I am not alone.

Often you had to wait more than an hour to get a cab at many points in the city and getting a taxi in the suburbs was well near impossible every weekday morning — crippling facts of daily life for many Singaporeans.

Yet now just months after I last penned my lament on the state of taxi affairs, the situation has turned on its head. Waiting for a cab to get to work in the morning, I’m honestly spoiled for choice. I could use Grab taxi, Hailo or of course, Uber.

At one glance (and a few swipes) I can see what my options are, know which cabs are in the vicinity, get an idea of how much my journey will cost and manage the whole process while scrolling my Facebook feed. I don’t need to make so much as a phone call, let alone walk out onto the street and stand at the corner soliciting stony-faced taxi uncles.

This brave new world is an amazing demonstration of how technology really can change lives and alter the fabric of daily life. Thousands of vehicle owners and drivers are clearly using the technology to such an extent that the triumvirate of traditional taxi companies Trans-Cab, Comfort and SMRT appear to be struggling to find drivers and maintain fleet levels.

Taxi Service in Singapore

These days, you don’t have to fret about not being able to get a taxi in Singapore… taxi apps to the rescue! So far (traditional cab companies aside) it seems to be a clear win-win with drivers getting better terms such as higher revenues or lower overheads and app users getting a faster and more reliable service.

What’s even more striking is that regulators have stepped in broadly to support the city’s taxi transformation. Government legislation is often the bane of innovation. And as taxi apps moved from being a novelty to becoming a regular means of transportation, legislation became inevitable.

There were cries by taxi companies and drivers affiliated with them to outlaw or severely restrict the scope of app-driven hire services. Their argument being that the low overheads and limited legal restrictions in the online space give these apps an unfair competitive advantage.

Basically, the old operators wanted to freeze the taxi eco system and preserve their market share. However, the Bill passed this week does not lock us into the ancient regime. Rather it broadly empowers what it terms Third-Party Taxi Booking Service Providers while ensuring they stick to basic legal parameters.

Uber cars cannot pick customers off the street like regular cabs, and the apps can’t compel you to provide your final destination in advance — lest drivers begin adopting the behaviour of regular taxi drivers and reject customers for going somewhere out of the way.

With a few safeguards in place, it’s really a positive piece of legislation and it’s clear in this case that the government is moving with technology and not impeding it. What this means is the taxi revolution has succeeded and become the new status quo with legislation, users and providers all lined up behind a new world.

Viva la revolution!

http://www.themalaymailonline.com/opinion/surekha-a-yadav/article/a-taxi-revolution-in-singapore#sthash.RYS8n4iF.dpuf