It’s officially Spring now and we are emerging from the gloom induced by short days and long nights (or, from another perspective, by disruption to circadian rhythms and melatonin levels). The darkness (adjective ‘dark’ is from Old English deorc, used also as a noun from the 13th century) clears – literally – but metaphorical darkness is pervasive…just after posting the paragraphs below I became aware of dark money, defined by The Observer as ‘an undeclared donation from an impermissible foreign donor’ (see below) and Dark Justice, a group of anti-paedophile vigilantes who pose as children online…
We have marvelled at the notion of the invisible dark matter said to permeate the universe and physicists have supplemented this with the concept of dark energy; not directly detectable either but necessary to explain expansion and the appearance of life in the multiverse.
On a slightly more mundane level there are in 2017 consultancies advertising their services in uncovering dark data (information collected during business operations but not actually used) and helping organisations to exploit it. The d-word has been trending for some time. The dark web (aka the deep web or darknets), we are nervously aware, is inaccessible by standard searches, a mysterious zone where illicit products and services are traded and illicit vices practised.
Most professionals have heard by now of dark pools, (the image is of hidden areas of liquidity) where off-market trading of stocks, also known in banking jargon as internalisation, takes place, where large blocks of shares can be bought and sold anonymously and prices are only made public after deals are privately concluded. But other kinds of opaque transaction, though quite legal, also threaten to distort markets, masking true levels of market scarcity or surplus and hiding real levels of indebtedness, thus creating information asymmetry between insiders and outsiders. A more recent buzz-term in the fields of finance and commodities is dark inventory (shadow inventory is sometimes used for real estate), describing assets placed off-balance-sheet. These may be equities, contracts, undeclared hoarding – of metals, for example – or other pre-sold commodities which may or may not actually exist (fictitious quotations of steel and nickel are ghost inventory) but which remain beyond public scrutiny. The same term can stretch to include toxic, debt-encumbered or otherwise sinister elements in a portfolio. Dark social, meanwhile- the term was coined in 2012 by former deputy editor of The Atlantic Alexis Madrigal – refers to information exchanged in the workplace by private individuals via channels such as instant messaging programs, messaging apps and email rather than on public platforms like Facebook and Twitter. This so-called outbound sharing alarms the corporate world for two main reasons: it sidesteps company restrictions on the timewasting or subversive use of social media at work, and it so far isn’t possible to track, analyse or turn into marketing opportunities.
Far more disturbing is the notion of a coming digital dark age (not to be confused with the techno music and futuristic/fantasy artworks dubbed dark digital) which some pundits have been predicting. This refers to the potential loss of huge quantities of culturally important data, particularly old manuscripts, memoirs, mementos and images preserved electronically, if technological advances make their storage-formats obsolete so that they are no longer recoverable.
In 2018 overheated enthusiasm for blockchains and bitcoins gave way to fears about the sustainability of cryptocurrencies and the ways in which they could be manipulated. At the same time financial data-reporting on a national scale can be deliberately subverted, or can be skewed by the sheer complexity of the processes involved. One result is the phenomenon of dark GDP: economic activity not captured by current estimations. This is said to amount to 10% of US GDP, and who knows how much in secretive, bot-infested Russia?
Back in the everyday ‘Mr Slang’ Jonathon Green reminds me that from the 1990s dark has also featured in multiethnic youth vernacular in the UK. As with some other key slang terms it can have contrasting meanings, pejorative and appreciative, in this case signifying both ‘harsh’, ‘unfair’, ‘unpleasant’, and ‘impressive’, ‘edgy’.
*Latest updates: May 17, from George Monbiot, on ‘Dark Money’…
https://www.theguardian.com/commentisfree/2017/may/17/dark-money-democracy-billionaires-funding
…and from The Conversation on August 24, ‘Dark DNA’ …
…and as the skies darken at the outset of Autumn, here’s The Conversation again, this time on ‘Dark Tourism’ …
tony thorne 