We see an ever-increasing move toward inter and trans- disciplinary attacks upon problems in the real world ... The system scientist has a central role to play in this new order, and that role is to first of all understand ways and means of how to encode the natural world into "good" formal structures.
John L. CastiTrying to solve the problem by creating more debt is analogous to trying to stop being an alcoholic by going on a bender down at the corner bar.
John L. CastiFrom the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an ever-increasing level of complexity. At some point, this complexity reached a point where even the creators of the derivatives themselves didn't understand them.
John L. CastiI do not believe that there is any person, method, or tool that can consistently and reliably predict specific human events, X- or otherwise.
John L. CastiIf the group has a negative social mood, believing that tomorrow will be worse than today, the bias goes in the opposite direction. Instead of "welcoming" we have "rejecting," instead of "global" we tend to see events that are "local" and so forth.
John L. CastiMy own guess is that quite quickly the machine intelligence will start dreaming machine dreams and thinking machine thoughts, both of which would totally incomprehensible to us. This would then lead to each species, we and the machines, moving off on to its own separate life trajectory.
John L. Casti