Those bothering us and wasting our limited and valuable attention span on social media should not be able to do so at a zero marginal cost.

Those who on social media send us their advertisements, surely pay Google and Facebook the most, if we respond to their ads. In that sense all those players have a vested interest in targeting us as good as they can. 

But if they do not target us adequately, the marginal cost of that for them is zero.

And that is not good for us. That because we the ad-recipients have to pay the cost of using up too much of our limited attention span on ads, info and fake news we do not really need.

So therefore if all who we have not directly designated as friends, had to pay us something for contacting us on social media; like a one hundred of a $ cent, I am sure the Google and Facebook would be a bit more concerned about not wasting our time... and would then target us even better.

Nowadays they generously allow us to message them with an “I am not interested”. But, is that just not too late? We have already been bothered and since there are millions of vendors out there, I would hate to look forward to a future of having to waste years of my life sending “I am not interested” replies.

PS. Although sometimes we should not ignore it could be of much benefit to us to be targeted by something outside our comfort zone, so as to avoid incestuous intellectual degeneration.

PS. Potential Big Brothers’, redistribution profiteers plus ambulance chasers on web, are closing in on big tech and social media. Therefore it behooves Google and Facebook and similar, to team up with us who provide them all data, sharing advertising profits 50-50. I have some ideas about that. 

http://teawithft.blogspot.com/2015/10/the-most-forceful-adblocker-is-limited.html

http://teawithft.blogspot.com/2015/09/ad-blockers-do-not-allow-any.html

http://teawithft.blogspot.com/2015/07/my-ideal-adblocker-besides-earning-on.html

http://teawithft.blogspot.com/2015/03/i-want-net-40-percent-of-revenues.html

http://perkurowski.blogspot.com/2015/06/for-1us-i-will-look-for-30-seconds-with.html

http://perkurowski.blogspot.com/2014/06/should-not-google-and-other-public-eyes.html

http://teawithft.blogspot.ca/2007/06/in-search-of-answers-on-search-engines.html

The World or Mother Earth lacks representation

Wolfgang Münchau in “This gentlemen’s agreement fails Europe too”, Financial Times July 9, makes a good case for why Europe by splitting up the European representation in international institutions such as the International Monetary Fund (he argues that it is to preserve many plum jobs) ends up in fact with having no real representation at all.

I understand and agree with his point of view especially since it goes hand in hand with my opinion that since all the votes, and all the Executive Directors, and the Presidents, and so many of its staff are assigned on pure local considerations, it is the “international world”, the global order, or mother-earth itself, whatever you want to call it, that ends up being the most under represented party in these global institutions.

If we are going to be able to manage the global challenges it is urgent we look for means to break away from our parochial local chains. What about splitting at least 50% of the chairs at the Board among varied constituencies such as migrant workers, multinationals, media, educators, environmentalists, NGO’s, accountants, farmers, manufacturers, entrepreneurs, service providers like nurses or plumbers, and so on? Just beware, diversity is much more about life experiences and mindsets than about gender or race.

The only constituency that has currently a representation in IMF, in fact a 100% representation, is the constituency of central bankers and this need to be changed. Europe, if you must insist on naming the next managing director in the IMF then at least do the world the favour of appointing some finance knowledgeable person that has never worked for any central bank. That would provide us with much more needed diversity than just appointing another central banker based on the local consideration that he is from Asia, Africa or Latin America.

And this is no joke, incestuous groupthink is about the most dangerous limiting factor when it comes to impede clear thinking and effective actions.

The Basel Committee is just a mutual admiration club of firefighters trying to avoid bank crisis at any cost - even at the cost of growth.

A fairly reasonable petition to the European Executive Directors of the World Bank