{"id":94517,"date":"2016-08-19T06:32:01","date_gmt":"2016-08-19T10:32:01","guid":{"rendered":"http:\/\/countingpips.com\/?p=94517"},"modified":"2016-08-19T06:32:01","modified_gmt":"2016-08-19T10:32:01","slug":"the-stats-that-will-cure-humanitys-worst-addiction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/the-stats-that-will-cure-humanitys-worst-addiction\/","title":{"rendered":"The Stats That Will Cure Humanity\u2019s Worst Addiction"},"content":{"rendered":"<div id=\"inves-877787223\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 19, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/WallStreetDaily.com\/\"><u>WallStreetDaily.com<\/u><\/a> <img loading=\"lazy\" decoding=\"async\" class=\"attachment-home-th size-home-th wp-post-image\" style=\"display: block; margin-bottom: 5px; clear: both;\" src=\"http:\/\/www.wallstreetdaily.com\/wp-content\/uploads\/2016\/08\/0816_INNOV_MediaNews.jpg\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" srcset=\"http:\/\/www.wallstreetdaily.com\/wp-content\/uploads\/2016\/08\/0816_INNOV_MediaNews.jpg 580w, http:\/\/www.wallstreetdaily.com\/wp-content\/uploads\/2016\/08\/0816_INNOV_MediaNews-300x155.jpg 300w\" alt=\"The Stats That Will Cure Humanity\u2019s Worst Addiction\" width=\"580\" height=\"300\" \/><\/p>\n<p>Let\u2019s talk about the bull market in pessimism.<\/p>\n<p>We humans are wired to love bad news. It\u2019s part of our survival instinct \u2014 and if properly understood, it can help prolong our lives.<\/p>\n<p>As psychologist Daniel Kahneman has written, \u201cBy shaving a few hundredths of a second from the time needed to detect a predator, this circuit improves the animal\u2019s odds of living long enough to reproduce.\u201d<\/p>\n<p>There\u2019s no denying that the news is full of evidence which suggests we\u2019re witnessing the unraveling of this human experiment.<\/p>\n<p>Terrorism abounds. Mass shooters proliferate. Civil authority seemingly targets certain classes of citizens. We argue about whose lives matter. \u201cProtestors\u201d riot and burn their own cities. A major party presidential candidate \u201cjokes\u201d about the assassination of his rival.<\/p><div id=\"inves-1550764836\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>We\u2019re off to a rough start in the 21st century \u2013 an era so far marked by the deadliest and most destructive attack on American soil in our history and a destabilizing, once-every-hundred-years financial crisis and economic downturn.<\/p>\n<p>The former unleashed the worst tendencies of our national security state, reflected domestically in the sacrifice of basic civil rights such as privacy, and internationally in the form of the endless global War on Terror.<\/p>\n<p>The latter exposed the craven incompetence of fiscal and monetary authorities, whose responses were and are shaped by a neoliberal Washington Consensus, serving American Empire, enriching the rich, leaving Main Street to suffer.<\/p>\n<p class=\"blockquote\"><em>It\u2019s real, this dystopian siege.<\/em><\/p>\n<p>Equally real, however, is the fact that over the last several centuries of human history, violence has steadily declined.<\/p>\n<p>That, as another psychologist, Steven Pinker, writes in <em>The Better Angels of Our Nature<\/em>, \u201cmay be the most significant and least appreciated development in the history of our species.\u201d<\/p>\n<p>We are, according to Pinker, living in a more peaceful period than any other.<\/p>\n<p>\u201cNews,\u201d Pinker recently told Julia Belluz of <em>Vox<\/em>, \u201cis a misleading way to understand the world. It\u2019s always about events that happened and not about things that didn\u2019t happen.\u201d<\/p>\n<p>Pinker also notes that after the 2011 publication of <em>The Better Angels of Our Nature,<\/em> rates of violence continue to decline.<\/p>\n<p class=\"blockquote\"><em>News is a drug, and the mainstream media are your dealers.<\/em><\/p>\n<p>They know we\u2019re wired to pay attention to negative news. They use this knowledge to draw our attention to their advertisers.<\/p>\n<p>They\u2019re not necessarily lying about the world. All that bad stuff is actually happening.<\/p>\n<p>It\u2019s just that there\u2019s no context. The picture is incomplete, unbalanced.<\/p>\n<p>But now we know. And your mindset is critical.<\/p>\n<p>So let\u2019s talk about some data in support of the conclusion that humanity is headed in a positive direction, thanks in many parts to innovation and advances in exponential technologies.<\/p>\n<p>In a June 27, 2016, piece for Singularity Hub, engineer, physician and entrepreneur Peter Diamandis explained \u201c<a href=\"http:\/\/singularityhub.com\/2016\/06\/27\/why-the-world-is-better-than-you-think-in-10-powerful-charts\/\"><strong>Why the World Is Better Than You Think in 10 Powerful Charts<\/strong><\/a>.\u201d<\/p>\n<p>Here are the 10 conclusions supported by the data that Diamandis cites:<\/p>\n<ul>\n<li>\u201cOver the last 30 years, the share of the global population living in absolute poverty has declined from 53% to under 17%.\u201d<\/li>\n<\/ul>\n<ul>\n<li>In the last 16 years, the number of children in hazardous work conditions and performing child labor is down by more than 50%.<\/li>\n<\/ul>\n<ul>\n<li>\u201cOver the last 50 years, the percentage of our disposable income spent on food has dropped by more than 50%, from 14% to less than 6%.\u201d<\/li>\n<\/ul>\n<ul>\n<li>\u201cIn the last 25 years, under-5 mortality rates have fallen by 50%. Infant mortality rates and neonatal mortality rates have also dropped significantly.\u201d<\/li>\n<\/ul>\n<ul>\n<li>\u201cGuinea worm\u2026 used to affect over 3.5 million people only 30 years ago. Today, thanks to advances in medical technologies, research and therapeutics, the parasite has almost been eradicated. In 2008, there were just 4,647 cases.\u201d<\/li>\n<\/ul>\n<ul>\n<li>There\u2019s been a \u201cdramatic decline in the number of teen (15\u201319 years old) birth rates in the United States since 1950. At its peak, 89.1 out of 1,000 teenage women were giving birth. Today, it\u2019s dropped under 29 out of 1,000.\u201d<\/li>\n<\/ul>\n<ul>\n<li>\u201cWestern Europe used to be a very dangerous place to live. Over the last 700-plus years, the number of homicides per 100,000 people has decreased to almost zero.\u201d<\/li>\n<\/ul>\n<ul>\n<li>\u201cAs recently as the early \u201980s and mid-\u201990s, there were over 50 violent crime victims per 1,000 individuals\u201d in the United States. This number has dropped threefold, to 15 victims per 1,000 people.\u201d<\/li>\n<\/ul>\n<ul>\n<li>\u201cIn the last 200 years, the average number of \u2018years of education\u2019 received by people worldwide has increased dramatically. In the United States in 1820, the average person received less than two years of education. These days, it\u2019s closer to 21 years of education, a 10 times improvement.\u201d<\/li>\n<\/ul>\n<ul>\n<li>\u201cGlobal literacy rates have increased from around 10% to close to 100% in the last 500 years.\u201d<\/li>\n<\/ul>\n<p>Exponential technologies are sciences where the power and\/or speed is doubling and\/or the cost is dropping in half.<\/p>\n<p>You can get a piece of the action via the <strong>iShares Exponential Technologies ETF<\/strong> (<a href=\"http:\/\/agorafinancial.com\/ticker\/xt\/\"><strong>XT<\/strong><\/a>).<\/p>\n<p>We\u2019re witnessing \u2013 and living \u2013 their impact in terms of advances in robotics, which is already changing the way we work, and artificial intelligence, which could potentially aid in the development and distribution of high-quality education (and education is the key to all of this) for free.<\/p>\n<p>But we\u2019re also seeing better food production technology and distribution processes.<\/p>\n<p>We\u2019re also living longer, due to humanity\u2019s ever-improving ability to cure diseases. And think about what\u2019s on the horizon: Genomic technologies could eventually eliminate all known plagues.<\/p>\n<p class=\"blockquote\"><em>\u201cIf at first the idea is not absurd,\u201d said Albert Einstein, \u201cthen there is no hope for it.\u201d<\/em><\/p>\n<p>Diamandis\u2019 chart on homicide rates in Western Europe is critical. It goes back to 1300 \u2014 more than 700 years.<\/p>\n<p>\u201cIt\u2019s important to look back this far,\u201d Diamandis writes, \u201cbecause we humans lose perspective and tend to romanticize the past, but forget how violent life truly was in, say, the Middle Ages, or even just a couple of hundred years ago.\u201d<\/p>\n<p>We\u2019ve made a lot of progress. And there\u2019s a lot more where that came from, because we\u2019re still capable of really big things.<\/p>\n<p>That\u2019s yet another of expression of what <em>Wall Street Daily\u2019s<\/em> all about.<\/p>\n<h2 class=\"centered headline\">Old Things New<\/h2>\n<p>Steven Pinker borrowed the title of his book, <em>The Better Angels of Our Nature: Why Violence Has Declined, <\/em>from Abraham Lincoln\u2019s first inaugural address.<\/p>\n<p>Lincoln spoke amid a crisis that threatened the very existence of the United States of America:<\/p>\n<p class=\"blockquote\"><em>I am loath to close. We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break our bonds of affection. The mystic chords of memory, stretching from every battlefield and patriot grave to every living heart and hearthstone all over this broad land, will yet swell the chorus of the Union, when again touched, as surely they will be, by the better angels of our nature.<\/em><\/p>\n<p>The address and its construction form a significant part of the first volume of Carl Sandburg\u2019s four-volume work, <em>Abraham Lincoln: The War Years<\/em>, which is the companion to Sandburg\u2019s two-volume set, <em>Abraham Lincoln: The Prairie Years<\/em>.<\/p>\n<p>As Sandburg noted, \u201cThe finished address, which Lincoln gave the world that early afternoon of March 4, 1861, went to a wide realm of readers who searched and dug into every line and phrase of it. Reason and emotion wove through it \u2014 and hopes, fears, resolves.\u201d<\/p>\n<p>Sandburg also observed, \u201cFollowing the inaugural, prices of stocks fell in Wall Street.\u201d The initial reaction was that war to save the Union was inevitable.<\/p>\n<p>And yet \u201cresolves.\u201d<\/p>\n<p>Smart Investing,<\/p>\n<p>David Dittman<br \/>\nEditorial Director, <i>Wall Street Daily<\/i><\/p>\n<p>The post <a href=\"http:\/\/www.wallstreetdaily.com\/2016\/08\/19\/human-media-bad-news-addiction\/\" rel=\"nofollow\">The Stats That Will Cure Humanity\u2019s Worst Addiction<\/a> appeared first on <a href=\"http:\/\/www.wallstreetdaily.com\" rel=\"nofollow\">Wall Street Daily<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By WallStreetDaily.com Let\u2019s talk about the bull market in pessimism. We humans are wired to love bad news. It\u2019s part of our survival instinct \u2014 and if properly understood, it can help prolong our lives. As psychologist Daniel Kahneman has written, \u201cBy shaving a few hundredths of a second from the time needed to detect [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-94517","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=94517"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94517\/revisions"}],"predecessor-version":[{"id":94522,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94517\/revisions\/94522"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=94517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=94517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=94517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}