Technology is root of all evil, says IMF

OK OK let's slow down here a minute

OK, it's great to see that pop culture and marketing affect the IMF too, not just us mere mortal consumers. I'm sure I'm not the only person thinking that technology is not causing the gap. The only way that technology can cause that gap is because everyone believes they need a smartphone, four different consoles etc. Facilitating IT in developing countries has been happening for years and they seem to get by with email and an Office suite. Oh, actually isn't that what most companies in the 'developed' (haha) world use their computers for? It isn't technology that is the problem, it's the convincing us to feel we need the latest and greatest to generate massive profit (And this comes from someone in the UK where even we have to pay 60% more for our copies of Office than the US). I know so many people who go out and buy laptops with gaming graphics cards that whack the price up. Will they ever play games on it? No, of course not. It's for surfing the web and writing letters.

It's no different to the cosmetics trade where they produce the best ever product then magically manage to come up with some even more outrageous ingredient to get ahead again. I mean, crushed pearls?! in a Shampoo?!! Their previous product worked great, according to their own adverts... They'll be putting grated iguana in next...

Lets take the IMF's toys away.

If the IMF think that technology is the problem lets take it all away from them and let them lead by example. I suggest they first remove all the flushing toilets in their headquarters followed by the computers and see how long they last.

What about healthcare?

You could consider health in the same light, e.g.:

"Healthcare is better in the West than in many developing countries, so I propose the abolition of training for doctors and research into medicines to even things up a bit."

What a muppet.

Technology does lead to inequality.

In 1700, all the countries in the world were broadly equal in terms of wealth. In 2007, there were great disparities between countries. What happened between 1700 and 2007? The industrial revolution, which is to say, the application of technology. This enabled trade, globalisation, mass education, which in turn encouraged more technological progress.

Clearly there are other influences too: politics can stifle a country's potential (think of China before 1980). But technology is the main cause of the wealth gap. In a way this is positive though: technology has allowed humans to climb out of poverty. Europeans were just lucky enough to do so first. In a century or two, perhaps the all world will be equally rich, as the fruits of this progress spread across the globe.

Technology does lead to inequality.

In 1700, all the countries in the world were broadly equal in terms of wealth. In 2007, there were great disparities between countries. What happened between 1700 and 2007? The industrial revolution, which is to say, the application of technology. This enabled trade, globalisation, mass education, which in turn encouraged more technological progress.

Clearly there are other influences too: politics can stifle a country's potential (think of China before 1980). But technology is the main cause of the wealth gap. In a way this is positive though: technology has allowed humans to climb out of poverty. Europeans were just lucky enough to do so first. In a century or two, perhaps the all world will be equally rich, as the fruits of this progress spread across the globe.

pots, kettles

Where does the money that the IMF has come from?

What produces huge returns on investment?

How have all these rich folks at the IMF got rich and how do they rapidly update their portfolios?

Ah yes -- technology.

Are they saying "We've filled our boots with profits from you lot. Now we're comfy we'll put a stop to it all. Can't have the poor people getting techy stuff, they'll only start sending reports from sweatshops and ruin our profits."

"How can you tell it's the king?"

"He's the only one not covered in shit like the rest of us!"

El Reg looses it

The Register spends its time with sarcastic put downs and ironic observations. It's a shame it can't see other people's sarcasm when it smacks you in the face!

"It's always possible that the man [Clive Crook] is merely being comical in some leaden economist fashion"

Um, duh! Yeah, just maybe.

What's revealing is that Clive's making jokes while El Reg is have a hysterical fit worthy of a true Red Top. (Hint: maybe, just maybe, you've misunderstood what the IMF authors actually wrote.)

Did the author actually read the IMF report?

The IMF report simply says that inequality is caused by technological innovation. That is all, which no one can argue with. It also goes on to say:

'contrary to popular belief, increased trade globalization is associated with a decline in inequality.'

and:

'Technology, foreign direct investment, and financial development continue to be important to support overall growth and raise average incomes.'

So it has no problem with some people being richer than others, as long as the poor get richer too. Bravo for the IMF. I can't find anything here which suggests that the rich are stealing from the poor, as the Register article suggests.

The FT, however, are a bunch of fools.

Sense of humour failure

"It's always possible that the man is merely being comical in some leaden economist fashion."

The man is obviously making a satirical point and i'm amazed that not only the Register missed it but also that no other commenter has picked up on it. Is it still too early in the morning for humour?

Enabling technologies misused

Technology is and ACCELERATOR and MULTIPLIER of Human Behaviour and Aspirations.

If 1% of your population have bad or anti-social aspirations, then technology MULTIPLIES that !

History is rife with examples of enabling technologies being misused.

For example:

Handguns and small arms. The world is MUCH more dangerous now that these technologies are in widespread use. 14 year-olds in Africa with assault weapons? No wonder many place in Africa are so unstable.

Cellphones: Now used in controlling IEDs and to coordinate anti-social behaviour and terrorism.

Nuclear chemicals: too horrible to consider.

It's like that old saying, "Guns don't kill people. People kill people."

-- YES, it's just that guns make it So Much Easier !

WIthout education and social tolerance, society breaks down. And technology speeds that process up, for good or evil.

@Chris Purcell, Alistair Wall et al

Well said. Lewis (and some of the more hydrophobic commenters), grow a sense of humour and learn to spot when another journalist is indulging in satire that, not to put too fine a point on it, is rather less "leaden" than a lot of the stuff which gets hailed here as some sort of Wilde-ian genius. What Crook's written is damned funny, in exactly the same way as "A Modest Proposal" was funny. It's not Crook's problem that you've had a humourectomy.

Is this a joke?

no, seriously, is this a joke?

First Industrial Revolution and Abolition of Slavery

I suppose Clive Crook and his artsy friends also think that the reason why slavery was abolished was because white people just decided all of a sudden to stop being so nasty to black people -- and a chap by the name of James Watt had absolutely nothing to do with it?

Get real. Slave labour simply wasn't economically viable when compared to machines that worked 24 hours a day, ate coal, never answered back and could be persuaded to work with a blow from a hammer and a dollop of grease.

The only reason that former slaves were emancipated rather than culled and used as engine fuel is that they had too poor a calorific value. Look at what's happening in the world now that machines are getting more expensive to run than humans .....

It's true though

The point is probably true, technology has increased the disparity.

What isn't correct is that being equal is a higher aim than lifting the lower boundary.

The disparity may be higher today, but the majority of people are better off in every measurable way than they were 400 years ago.

Sarcasm anyone?

Congratulations to everyone who failed to recognise the tone of the FT article.

And a big well-done for completely missing the point of the IMF report- which actually highlights the need to strengthen education and training and for further trade liberalisation by removing restrictions on agricutural exports from developing countries.

Back to basics

I've swapped my tablet for a chalk board to try and do my bit for equality, I suggest you all do something similar.

I am sure someone said the same

about Stone Axes, Bronze & Iron when they become the leading technologies of their days

I wonder if the quoted IMF expert(s) have been to a third world country and watched the resources being plundered by the first world, or the wars persecuted by the supply of arms from the first world

In the land of the blind the one eyed man is king....

...so we should poke everyone's eyes out.

*I've added the joke alert icon, because of the evident risk that some people may take that seriously and poke eyes out, don't do that it will hurt.

First...

...yes, it's a joke. My sarcasm detector went off the scale after the first three quoted words. Live by the sword and die by it, eh Reg? If you're going to call the Sun on going off half-cocked due to misreading things, better make damned sure you're not going to do it yourself!

Second, to the guy who wrote, "Thus to reduces inequality we should promptly sieze the bulk of Bill Gates' and Warrent Buffet's wealth and give it away. That'll teach em, eh?" - it's too late. They've already done it themselves...

The funny thing about inequality...

...is that rich people always think that it isn't a problem, whereas poor people always think that it is a problem.

The real problem here is that technology has enabled some people in some countries to get very wealthy indeed, but that other people without access to technology have stayed poor. Now that's a problem.

@YES IT'S A JOKE

The comments on the joke are no joke though, Robert Ramsay.

The emperor is naked ...... and found to be a eunuch masquerading as a pusher pimping vapourware or if you prefer, a fraud of a jumped up drag queen playing God badly.

Peers Report ..... Could do Better, Should do Beta, Judgement Reserved ....Awaiting ITs Reports.

Now, who let the dogs out....... the Mr Angry Mob?

Of course, there is always the possibility that IT could be spun that there is AI NeuReal World Order InterNetworking and Breaking Cover 42 Establish Stabilising Global Money Controls with Old Established Controllers, whom one could not reasonably expect to be Au Fait with Virtualising Technologies and Quantum Communications Packaging of Bits and Bytes ......... HyperVisionary Queued Streaming of AI Beta Semantic MetaDataMined Source in Temporal Sensitive Binary Codes.

Which is a lot better than sticking your heads in the sands or where the Sun doesn't shine, hoping and praying that IT goes away.

It hasn't gone away, you know, now that IT has landed/launched ITself, Maslowian Syle, into Free CyberSpace for AI Virtual Peace Process with a QuITe UniVersal Force.

The Apple and Eve that's so Tempting to Adams?

In the Beginning, there was always Viable Imagination to Build Vision upon..... Just Imagine, and IT's True.

Lets take this seriously.....

.....and all promise not to buy Vista until Sudan has the GDP of Japan

maybe not the root of all evil but...

Ok, I haven't read the article. However, as someone mentioned, IT is an accelerator and a multiplier of the status quo. This in itself, modifies the environment.

1. the cross-licensing of "intellectual property" - i.e. ideas. You can't use any ideas we thought of first, even if you came up with it on your own. If you try to, the WTO will come and get you. Plus, we have given ourselves ludicrously long lifetimes on the monopolies on ideas that we have given ourselves. So you can invent and build your product, but you can't sell it into an area with people who have money to buy it, because any product you build probably utilises an idea we've already patented.

2. IT and electronic communications have enabled globalisation. With globalisation comes very large markets and volume of goods being sold by the market leaders. With large volumes comes the impetus to cut the unit costs as a small unit reduction adds up to a large total reduction. This is where we get companies breaking the law, using sweatshops, genetically modifying tomatos to make them look ripe when they aren't, compromising on safety (of employees or products), or playing pitifully poor suppliers against each other. Let face it - if you are earning $1.40/day and someone tells you your income will drop to zero unless you accept $1.20/day because someone else has offered to work for $1.30/day, you'll do it or starve - maybe both.

As volumes increase, each additional unit of supply (suppliers) or demand (product/customer) becomes relatively less important to the company.

I'm not saying you can put the globalisation genie back in the bottle, or that it would be helpful to try to do that, but we do have to recognise what sort of environment we have helped to create. The next time the issue of fair trade comes up, remember that we have not created a world where everyone gets the same chance and in our financial planning, a little noblesse oblige rather than insisting on our rights is probably in order.

It isn't money that is the root of all evil, its the *love* of money.

Shakespeare was on the right track

First we shoot the economists, then the lawyers.

And looking at the wonderful load of contaminated food we are receiving in the states, I am of a mind to increase our farmer's subsidies...