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    cosmopolis

    Cosmopolis, the new Don DeLillo book, is something of a disappointment. The book's primary set-pieces—an anti-globalism protest, a hip-hop performer's funeral, a rave, and a Spencer Tunick-esque mass gathering of nudes—all feel slightly stale: there is nothing here as inventive as White Noise's Airborne Toxic Event or Most Photographed Barn In America; nothing here as accomplished as Underworld's "super-omniscient" Giants-Dodgers game.

    That said, there are some interesting thematic threads woven throughout the book. Like DeLillo's last novel, The Body Artist, Cosmopolis permits the appearance of elements which are overtly fantastic. In this novel, the super-natural is embodied by two pieces of image-capturing technology (a surveillance system and a camera-watch), which are so sophisticated that they begin to display events that have not yet occurred.

    These devices are the most dramatic symbol of one of the book's central thematic concerns: the predictive capabilities of technology. The protagonist, Eric Packer, is an asset manager who has made millions by accurately predicting the inherently unpredictable fluctuations of currencies, with the assistance of sophisticated information-gathering technologies. The book seems to suggest that as these technologies improve, they grow ever-closer to penetrating the veil of the future.

    Thinking about this reminded me of something that ex-hacker Steve Steinberg mentioned over in the Boing Boing sideblog, which warrants quoting at length here:

    "[T]o be a hacker in the late 1980s was to know something profound about the nature and degree of connectedness before everyone else ... today, an equally singular and premonitory view is coming into focus at a few of the edgier hedge funds on wall street.

    [...] we have all heard that companies from Wal-Mart to Cheescake Factory rely on sophisticated data mining to run their business. Every customer is analyzed 43 different ways until They know what you will buy before even you do. Even ignoring the enormous gap between rhetoric and reality, these algorithms are at best myopic. Like the idealized model used in undergraduate physics -- no gravity, no friction -- these companies imagine their business in isolation.

    But money flows through a network with thousands of significant nodes-- to partners, from customers, away from competitors. The airline industry has come the closest to this kind of holistic analysis, thanks to their penchant for collusion.

    But right now the only people who really want to see how all the pieces fit together -- to datamine entire industries, economies -- are on wall street. Coincidently, the web has already made many businesses so transparent that an outsider can know almost as much as management.

    Surely, with enough determination.. a lot of bandwidth, some fast computers... somebody will build the first detailed map.. a topography of money flows.. to see what's next."

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    Tuesday, September 09, 2003
    11:09 AM

     

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