Tag Archives: politics

Glitch trading: narrativizing the actions of algorithms

Having mentioned the sensitivity of the markets with respect to the UK election results, it makes sense to point out Tim Maly’s recent post about automated trading programs and market movements.

The point is that 60% of stock trades are being done by machines, operating according to a set of algorithms and inputs, which (I’m pretty sure) do not include natural language parsing of the news.

Yet whenever the stock market makes a move, the financial press constructs post hoc narratives that explain what’s happened as a reaction to the news of the day, as if the news is what was was motivating the trades. […]

This fascinates me. Most stock market trading is being done by machines, but the stories we tell ourselves are about humans responding to new information. You can’t interview an algorithm about why it made a certain choice. In the absence of that knowledge, it seems clear that the financial press just makes educated guesses and acts as if correlation is causation. It’s speculative fiction.

Discuss. 🙂

UK General Election 2010: live lessons in political horse-trade plotting

I’m a little nusy again today, so in lieu of posting anything more substantial, I’ll suggest that those of you who aren’t already might want to keep half an eye on the post-election wrangling here in the UK, for many reasons. First and foremost, the result was unexpected, and unusual in that it sees the UK dealing with the sort of horse-trading on policy that many European governments (and, I believe, Canada) have to go through almost every time they hold a election.

But there’s more: the turn-out is way up, echoing the recent US elections; the markets are jittery, because the economic stability of the UK is on the line; serious procedural cock-ups have portrayed the electoral process to be at best flawed, at worst broken; and finally, no one really knows what’s going to happen, which is a weird place for a traditionally two-party nation to find itself in.

And finally, it’s your chance for a masterclass in spin, razorblade diplomacy and hidden double-bluff messages in public announcements. Great fuel for writers, and (I imagine) pretty fascinating for anyone with an interest in the actual mechanics of political process. I’ll leave your choice of news source down to your personal preference, but with the suggestion that trying a channel you don’t usually plug into will bring a whole new meta-level of lessons about politics into the frame… 🙂

NEW FICTION: WINDSOR EXECUTIVE SOLUTIONS by Chris Nakashima-Brown and Bruce Sterling

Take one Futurismic alumnus (Chris Nakashima-Brown), one bona-fide science fiction legend (Bruce Sterling), and one grim meathook future in the United Kingdom, as monarchy, politics and altermodern culture smash together in the wake of economic collapse…

I don’t think I’ve ever been so proud to be publishing a story as I am of this one. It’s going to blow your mind, I promise. Now, read.

WINDSOR EXECUTIVE SOLUTIONS

by Chris Nakashima-Brown and Bruce Sterling

10 June 2026

JEKYLL Look, I can’t get you off the hook with these 140-character txt-msgs.

JACKAL Colonel Falstaff suspects I am press.  Since I failed that beltbomb test, well you know what

JACKAL you know what these devils will do to me!  Where would that leave you, Dr. Almighty Blogger?

JACKAL Leaking satellite shots of Prince Harry’s field maneuvers.  You call that “the news”?

JEKYLL No, my mercenary friend,  I do not.  So tell me what Falstaff wants.  Drugs, women, grain, petrol, lingerie?

JACKAL Save me, Jekyll.  You do owe me.

JEKYLL He’s very fond of beer, your Colonel?  I have thirty barrels of Nigerian Sorghum Stout.  Ready to move at your word.

JACKAL Falstaff wants a hot feed of the flesh of the Queen of England. Private and exclusive.  Falstaff is American.  You know how they are about royalty.

JEKYLL You lot are the Canterbury altar boys of our national death cult. Continue reading NEW FICTION: WINDSOR EXECUTIVE SOLUTIONS by Chris Nakashima-Brown and Bruce Sterling

Somalia: failed state, economic success?

Via the Anarcho-Transhumanism blog, here’s an interesting article that examines Somalia’s fate since the fall of Siad Barre’s dictatorship in 1991, and which points out that – despite a lack of central governance – Somalia’s economy has actually improved somewhat:

It is hard to call any country mired in poverty an economic success. Yet by most measures Somalia’s poverty is diminishing and Somalia has improved living standards faster than the average sub-Saharan African country since the early 1990s. In that sense Somalia is at least a relative success story. The most interesting part of Somalia’s success is that it has all been achieved while the country has lacked any effective central government.

For many, the “A” word—anarchy—conjures up notions of chaos. For others it simply means the absence of a single government ruling a geographic area. In this second sense, Somalia has been in a state of anarchy since the fall of Siad Barre’s dictatorship in 1991. The result has been, in general, economic development rather than chaos—although there certainly have been chaotic periods. The interesting questions are how has development been promoted and what has caused the chaos.

You’re probably thinking “Somalia – that’s the place with the pirates, right?” Correct:

Although they are a concern, this is not merely a symptom of a “failed state,” as many media reports make it out to be. In one sense, that the piracy is committed against passing foreign vessels is a tribute to the internal effectiveness of Somali customary law. The pirates are well-armed and obviously not hesitant to use violence. Yet they do not plunder Somali ships. What’s more, they interact peacefully with other Somali when they are on land. Although the total number of pirates is small, it has been estimated that 10,000 to 15,000 people are employed by the pirates indirectly in related industries such as boat repair, security, and food provision. (Other enterprising Somalis have set up special restaurants to cater to the hostages.) That pirates use voluntary market transactions to purchase goods and services on land, rather than pillage, provides some evidence that Somali law is fairly robust if even these otherwise violent people respect it when conducting their internal affairs.

Now, neither I or the authors of that article are suggesting that life in Somalia is a basket of peaches, or that a collapse of central governance is de facto a good or desirable thing. But the figures and social phenomena discussed would certainly suggest that a state of political anarchy doesn’t necessarily have to lead to a Hobbesian ‘natural’ lifestyle, and that systems for managing conflict and economics have a way of emerging from the bottom up.

Go read the whole thing.

Nation-building 101

Fancy starting up your own micronation? It’s not enough to just think up a flag and occupy your turf; there’s paperwork to be done. Luckily, Wired UK has a four-point beginner’s guide, as suggested by former UN strategy co-ordinator  Carne Ross, to get you started. Step one:

Play by the rules – Meet the criteria outlined in Article 1 of the 1933 Montevideo Convention (which applies to all subjects of international law): a permanent population; defined territory, and control of the territory; the capacity to enter into relations with other states. These are not binding — “You can have a state which is recognised by many other states but does not control its territory, such as Palestine” — but generally it would be hard to operate without them .

Once you’re up and running, drop me a line with any further tips, would you? I’m also available for diplomacy work on a contract basis.