Daily Archives: December 17, 2010

Diplomatic and Internet protocols

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Interesting openDemocracy piece by Luis de Miranda.

In what way are the Internet and diplomacy similar? Both are governed by very strict protocols, but their strictures are somehow each others’ opposites. Diplomatic protocol lives on the surface of things, a layer of varnish that actually allows all the treachery, hypocrisy and dirty dealings to go on. The protocol is theatre, while shenanigans play out in the shadows. The rigor of the Internet, on the other hand, operates in all that is invisible: the source code, the programming language standards, the networking standards (TCP/IP, HTML, RFCs). What is on the surface on the web is joyful chaos, depravity, free expression, every manifestation of the kaleidoscope of humanity. We have all been somewhat aware of the stuffy old world of diplomatic protocol, the attention to etiquette and to the rank of governments and their envoys. We are less familiar with the new world of digital protocol…

On this day…

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… in 1903, Orville Wright made the first powered flight. Reflecting on this many years later, Warren Buffett, the world’s shrewdest investor, said:

I made the comment that if a capitalist had been present at Kittyhawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money.

But seriously, the airline business has been extraordinary. It has eaten up capital over the past century like almost no other business because people seem to keep coming back to it and putting fresh money in.

You’ve got huge fixed costs, you’ve got strong labor unions and you’ve got commodity pricing. That is not a great recipe for success.

I have an 800 number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: “My name is Warren and I’m an aeroholic.” And then they talk me down.