Author: petersoc

Growing out of addiction?

Maia Szalavitz at substance.com leverages a range of statistics to argue that the best treatment for addiction is ageing: the average alcohol addiction is resolved within 15 years. Heroin addictions tend to last as long as alcoholism, but prescription opioid problems, on average, last five years. In these large samples, which are drawn from the…

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‘If at first you don’t succeed, it doesn’t matter that you tried.’

Discussion of the role of entrepreneurial failure at the New York Times: Already-successful entrepreneurs were far more likely to succeed again: their success rate for later venture-backed companies was 34 percent. But entrepreneurs whose companies had been liquidated or gone bankrupt had almost the same follow-on success rate as the first-timers: 23 percent. In other…

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Disrupting Progress

When did ‘innovation’ stop being a dirty word? How does progress occur? The eighteenth century embraced the idea of progress; the nineteenth century had evolution; the twentieth century had growth and then innovation. Our era has disruption, which, despite its futurism, is atavistic. It’s a theory of history founded on a profound anxiety about financial…

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Was the Eiffel tower intended to be an artificial moon?

August 11th, 1881: foundations laid for 237ft high San Jose Electric Light Tower. January 28th, 1887: foundations laid for 1,063ft high Eiffel tower. Was this a case of copyright infringement? for a brief and literally shining moment early in the days of human-harnessed electricity, the future of municipal lighting was glowing orbs suspended high above…

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The Vertue of the COFFEE Drink (1652)

When London’s first coffehouse opened in the middle of the 17th century, advice was available: THE Grain or Berry called Coffee, groweth upon little Trees only in the Deserts of Arabia […] The quality of this Drink is cold and Dry, and though it be a Dryer, yet it neither heats, nor inflames more then…

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Meet the New Economy, same as the Old Economy

Confidential internal Google and Apple memos […] clearly show that what began as a secret cartel agreement between Apple’s Steve Jobs and Google’s Eric Schmidt to illegally fix the labor market for hi-tech workers, expanded within a few years to include companies ranging from Dell, IBM, eBay and Microsoft, to Comcast, Clear Channel, Dreamworks, and London-based…

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