Archive for February 15th, 2009

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Twitter’s gonna transform professional cycling

February 15, 2009

Lynne Kiesling

I just participated in distributed information newsmaking history, and it’s really, really cool. A little background: I’ve been on Twitter for a few months, initially as a way to talk with a couple of friends. But then I found Team Slipstream and Lance Armstrong on Twitter, and from there just kept adding cyclists … now most of those I follow are cyclists (Lance has a serious Twitterdiction, by the way!). Dave Zabriskie, Ivan Basso, Tom Danielson, etc. I am intrigued by the alacrity with which the professional cycling community has taken to Twitter.

One of the regular cycling posters on Twitter is Johan Bruyneel, who is an amazing team director, and directs Team Astana; this season Lance and Levi Leipheimer are two of the riders on Team Astana. Bruyneel is an incredible strategist and tactician. During the stages the race director rides in the team car and works with the riders to give them what they need to do the best job possible on the day.

Today was the first stage of the Amgen Tour of California, and it was grim — cold, rainy, treacherous. I tuned in to watch the coverage on Versus, which was having trouble getting video because the rain was disrupting data transmissions from cameras. At the same time, I had opened Twitter search and searched on the “ATOC” tag, which meant that anyone who was tweeting about the race and put that tag in their tweet would show up in the search. Throughout the race, for over 4 hours, Bruyneel would update his Twitter stream with real-time information from the Team Astana race car. Real, on-the-scene information, right there, in real time.

Wow. Just wow. But it even gets better than that, because there were other folks posting as well, some of whom were spectators on the ground in Santa Rosa too. So the stream was a combination of comments from those of us at home, spectators on the course, and participants like Bruyneel. They filled in info where the broadcast didn’t have any, and some tweets even corrected some mis-information that folks like VeloNews and Cycling News were posting on their race blogs.

This is really, really big. Seriously transformative. Not only is the information content higher, but it actually felt like I was watching the stage with a group of cycling fans in real time. For sports like cycling that don’t have great media coverage and have relatively small fan bases, the ability of fans to coalesce across space has major economic and marketing implications. One of the tweets was from a guy who said that he was following the Twitter search stream from the UK, and that he was loving being able to participate in it.

That’s why someone who’s a virtuoso strategist like Johan Bruyneel is bothering to tweet from the race car during the stage, and why the uber-strategist rider on his team (that would be Lance) encouraged Bruyneel to get on Twitter.

Tomorrow Steep Hill will be providing almost-real-time updates from Bonny Doon, one of my favorite wineries in the hills outside of Santa Cruz: “I was planning to report almost live from Bonny Doon tomorrow with photos and video.”

I can’t remember the last time I was this excited and fascinated by engaging with professional cycling. And it’s the personal communication of the riders and the team directors that are creating that excitement.

Wow. Just. Wow.

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P.J. O’Rourke’s Adam Smith column

February 15, 2009

Lynne Kiesling

I hope you’ve all seen P.J. O’Rourke’s Financial Times column from last week on what Adam Smith would have to say about our current economic and financial events. Adam Smith was one of the most astute observes of human nature ever, and applied those insights well to analyses of incentives and political institutions. Our political “leaders” would do well to remember his insights, as O’Rourke applies them:

The idea that The Wealth of Nations puts forth for creating prosperity is more complex. It involves all the baffling intricacies of human liberty. Smith proposed that everyone be free – free of bondage and of political, economic and regulatory oppression (Smith’s principle of “self-interest”), free in choice of employment (Smith’s principle of “division of labour”), and free to own and exchange the products of that labour (Smith’s principle of “free trade”). “Little else is requisite to carry a state to the highest degree of opulence,” Smith told a learned society in Edinburgh (with what degree of sarcasm we can imagine), “but peace, easy taxes and a tolerable administration of justice.”

How then would Adam Smith fix the present mess? Sorry, but it is fixed already. The answer to a decline in the value of speculative assets is to pay less for them. Job done.

We could pump the banks full of our national treasure. But Smith said: “To attempt to increase the wealth of any country, either by introducing or by detaining in it an unnecessary quantity of gold and silver, is as absurd as it would be to attempt to increase the good cheer of private families, by obliging them to keep an unnecessary number of kitchen utensils.” [440]

We could send in the experts to manage our bail-out. But Smith said: “I have never known much good done by those who affect to trade for the public good.” [456]

And we could nationalise our economies. But Smith said: “The state cannot be very great of which the sovereign has leisure to carry on the trade of a wine merchant or apothecary”. [818] Or chairman of General Motors.

I’m teaching History of Economic Thought this quarter, and part of my pitch to my students for the benefits of the class was that it would give them broader insights into current events and into what constitutes sensible policy recommendations. O’Rourke’s column illustrated that point perfectly. (Note that the bracketed numbers are page references.)

While we’re at it, here are some P.J. O’Rourke quotes that are also relevant to our current flurry of government activity:

When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.

The mystery of government is not how Washington works but how to make it stop.

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