I. How do you turn information into raw knowledge?a. NSA only collects 1/3 of telephone callsi. Reassuring?II. China’s cultural revolutiona. Revolt against the top 20% of peoplei. Seized houses, people, put them in forced labor, burned university buildings because learning was a dangerous thingb. Turned out that they were marauding teenagers (avg age = 15) who had formed an army and caused total chaos in the countryc. Symbol was the statue of liberty, quoting John Locke, Jeffersond. Dun Chao Ping (leader) sent in his army to put down the revolution in Tiananmen Squarei. Man stood in front of tank so that it would stop, then it would start up, then stop, etc.ii. Took place on global televisioniii. Killed thousands of peoplee. Why did he do this?i. Brought back all his memories of the cultural revolution and the near death of his son (20-30 years prior)1. Son had been at university and was thrown from the 7th story of a buildingii. You have to understand the histories of people to understand their actionsIII. 3 Elements that Cause Our National Debt (besides the military)a. Healthcarei. Medicare/Medicaidii. Amount you pay is based on ageiii. Medicaid is based on incomeb. Interest on the debti. Paying money on the amount we’ve already spent and already borrowedc. Social Securityi. You’re paying in to it, and you’re supposed to get it back plus interestii. Do people who make plenty of money deserve the government pension?1. Where do you draw the line at being well-enough off?d. Young people are now harder off than older peoplei. Older people have more disposable income than younger peopleIV. Economic Restructuringa. When you restructure the economy, you also restructure sociallyi. People lose their support group, their circle of friends, their standard of living, etcb. In the 1980s, everyone thought Japan would pass the US economicallyi. US instead had a huge spurt of productivity and Japan plateauedii. The US restructured economically1. Company mergers, etc2. People lost some stability, but gained productivityiii. So who won? The Japanese maintained a stable society, but the US paid a social priceP SC 1113 1st Edition Lecture 7 Outline of Last Lecture I. How do we feel about each other in the United States?II. Information OverloadIII. Economic LimitsOutline of Current Lecture I. How do you turn information into raw knowledge?II. China’s Cultural RevolutionIII. 3 Elements that Cause Our National DebtIV. Economic RestructuringCurrent LectureI. How do you turn information into raw knowledge?a. NSA only collects 1/3 of telephone calls i. Reassuring?II. China’s cultural revolutiona. Revolt against the top 20% of peoplei. Seized houses, people, put them in forced labor, burned university buildings because learning was a dangerous thingb. Turned out that they were marauding teenagers (avg age = 15) who had formed an army and caused total chaos in the countryc. Symbol was the statue of liberty, quoting John Locke, Jefferson d. Dun Chao Ping (leader) sent in his army to put down the revolution in TiananmenSquarei. Man stood in front of tank so that it would stop, then it would start up, then stop, etc. ii. Took place on global televisioniii. Killed thousands of people e. Why did he do this?These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.i. Brought back all his memories of the cultural revolution and the near death of his son (20-30 years prior)1. Son had been at university and was thrown from the 7th story of a building ii. You have to understand the histories of people to understand their actions III. 3 Elements that Cause Our National Debt (besides the military)a. Healthcarei. Medicare/Medicaidii. Amount you pay is based on age iii. Medicaid is based on income b. Interest on the debti. Paying money on the amount we’ve already spent and already borrowedc. Social Securityi. You’re paying in to it, and you’re supposed to get it back plus interestii. Do people who make plenty of money deserve the government pension? 1. Where do you draw the line at being well-enough off?d. Young people are now harder off than older people i. Older people have more disposable income than younger people IV. Economic Restructuringa. When you restructure the economy, you also restructure sociallyi. People lose their support group, their circle of friends, their standard of living, etcb. In the 1980s, everyone thought Japan would pass the US economicallyi. US instead had a huge spurt of productivity and Japan plateauedii. The US restructured economically1. Company mergers, etc2. People lost some stability, but gained productivity iii. So who won? The Japanese maintained a stable society, but the US paid a social