It would be a cliche to repeat the argument that, “Information wants to be free.” Instead, let’s analyze the concept of information. Is it born free, but everywhere in chains? No, it is produced by instruments and machines, recorded from every possible surface. But as soon as it is produced, it is put to work.
What does it mean to put information to work? Information is put to work in computer models so that it might be used to predict events. The ability to predict is central to the concept of security. Analysis of information then becomes the production of security. The worldview of security, or making-predictable, recognizes that the movement of life, resources, and information is chaotic, yet it seeks to anticipate the movement of the noise by analyzing noise and patterns in a joint effort to win wars and make profits.
However, there is only so much value one can place on predictive models, and eventually, information bubbles burst.
Apparently, Alan Greenspan is an Illop reader.
Greenspan, Cox tell Congress that bad data hurt Wall Street’s computer models