La crisi europea explicada per la BBC

So what really caused the crisis?

There was a big build-up of debts in Spain and Italy before 2008, but it had nothing to do with governments. Instead it was the private sector – companies and mortgage borrowers – who were taking out loans. Interest rates had fallen to unprecedented lows in southern European countries when they joined the euro. And that encouraged a debt-fuelled boom.

Good news for Germany…

All that debt helped finance more and more imports by Spain, Italy and even France. Meanwhile, Germany became an export power-house after the eurozone was set up in 1999, selling far more to the rest of the world (including southern Europeans) than it was buying as imports. That meant Germany was earning a lot of surplus cash on its exports. And guess what – most of that cash ended up being lent to southern Europe….

La crisi europea segons la BBC

La crisi europea segons la BBC

Font: BBC

Privatitzacions

(…) entre 1982 y 2002, se privatizaron empresas por valor de diez billones de dólares en el conjunto de la econo- mía global. El 80 % fueron adquiridas por capitales de países de la OCDE, permitiendo la expansión internacional de algu- nas corporaciones europeas que hasta entonces sólo tenían una modesta base nacional.

Crisis y revolución en Europa – Observatorio Metropolitano

El problema de prendre decisions basades en patrons…

Via Chris Dixon descobreixo una curiosa història sobre els perills de prendre decisions basades en patrons. Sovint els patrons més “evidents” poden no ser els més rellevants…

A famous story in artificial intelligence is how the US military developed algorithms to determine whether an image had a tank in it. They used a standard machine learning method: feed the computer a “training set” of photos, some of which had tanks in them and some of which didn’t, and let algorithms identify which features in the photos correlated to tanks being shown.

This method worked for a while but then mysteriously stopped working. Since the features the computer identified were embedded in complicated mathematical equations, no one could figure out what it was really doing and therefore why it stopped working. Eventually someone realized that in the training set, all of the images with tanks were taken on a cloudy day, and all the images without tanks were taken on a sunny day. The algorithms had fixated on the most obvious pattern – the color of the sky. When the algorithm was tested on new photos where the weather varied, it was completely flummoxed.