Thu Sep 24th, 2015 at 01:37:00 PM EST
The Growing Precariat: Why We Need a Universal Basic Income:
Globalisation, technological change, and government policies have produced a class structure with a tiny plutocracy of billionaires coexisting with a dwindling salariat, with employment security, pensions and paid vacations, and a rapidly growing precariat, living bits-and-pieces lives, without occupational careers and experiencing declining real wages. Telling the precariat that they must obtain more schooling and training is disingenuous. Millions are currently over-qualified for the labor and work they can expect to be doing.
Fri Feb 20th, 2015 at 12:06:02 PM EST
Paper: Is Our Monetary Structure a Systemic Cause for Financial Instability? Evidence and Remedies from Nature
(Directly linking is beyond my power, have to Google it.)
Mon Jan 13th, 2014 at 03:41:43 PM EST
Here it is.
On July 26, 1976, Jack Dougherty, a newly minted MBA from the College of William and Mary, dressed in adark blue suit and bursting with resolve, reported for his first day at W. L. Gore & Associates. He presented himself to Bill Gore, shook hands firmly, looked him in the eye, and said he was ready for anything.
What happened next was one thing for which Jack was not ready. Gore replied, "That's fine, Jack, fine. Why don't you look around and find something you'd like to do."
Whether this is a paradigm for trains or power generation depends, I guess, on the comparative value-weight of actually getting trains chugging down the track on time or the whirly-things shoving electricity down some wires versus one's relative Power position in a Top/Down hierarchy.
Thu Jan 9th, 2014 at 07:05:55 PM EST
Berlin's 'poor but sexy' appeal turning city into European Silicon Valley
A decade ago Berlin's mayor Klaus Wowereit tried to attract creative types to the city by declaring "Berlin ist arm, aber sexy" (poor but sexy).
It worked. The City's astonishingly low rents compared with other European capitals - a one-bed flat a short walk from Alexanderplatz in the centre of town can still be picked up for as little as 450-a-month (£373) - have helped draw arty people from across the world and made Berlin a major centre for artists, writers, musicians and, increasingly, technology and web entrepreneurs.
Berlin has more going for it than cheap rent but a low Cost of Living is a big help in fostering Creativity and it's blood-sister Innovation.
Sat Apr 27th, 2013 at 02:43:33 PM EST
Been shown fifty ways from Sunday, one of the necessaries for a vibrant economy is the creation of new businesses. Venture Capital and Angel investors have become the primary way new business ventures are funded.
I was watching a YouTube talk last night on the early history of Silicon Valley and the lecturer mentioned in passing the top investment for a start-up in the Valley in 1955 was $300,000.
Which piqued my interest and I decided to delve into it a wee bit using wage rates and VC investment as the analytical tool. (Without a great deal of thought, granted.)
Notice: all data is from US sources.
Sat Apr 20th, 2013 at 03:08:48 PM EST
The cover of Sport's Illustrated has this:
image on the front cover.
I got interested and dug a little deeper.
Sat Mar 23rd, 2013 at 03:50:06 PM EST
We Aren’t the World.
Joe Henrich and his colleagues are shaking the foundations of psychology and economics--and hoping to change the way social scientists think about human behavior and culture.
Tue Jan 29th, 2013 at 12:19:36 PM EST
Here's an interesting article from Gartner:
Gartner Says Capitalism Going Social Will Require Organizations to Build Two-Way Relationships with the "99 Percent":
While capitalism won't collapse, there are fundamental changes under way as it morphs to a new form that is more in tune with the technology and attitudes of the 21st century," said Nigel Rayner, research vice president at Gartner. "The coming capitalist era is that of the Facebook generation, in which the values and behaviors that pervade the Internet and social media will also be adopted by innovative and disruptive businesses. With half the world's population under the age of 25, this may happen sooner than many think.
These changes won't impact all industries and businesses in the same way. Some will use them to create incremental business opportunities, but others may find their business model directly threatened, because they are seen by the 99 percent as the worst cases of exploitative business practices," said Mr. Rayner. "However, some innovative organizations will use capitalism going social to create new business models and disrupt their industries."
Sat Jun 23rd, 2012 at 04:09:35 AM EST
A friend brought this to my attention: Made For Each Other: The Conservative Love Affair with Communism and How It Is Destroying Us by a Canadian blogger Phil Paine.
Usually a LQD includes a 'teaser-quote' to induce people, like a movie trailer, to go read it. I'm not going to add one. The constituent parts of the article need to be read in context and with the flow of thought.
front-paged by afew
Sat Apr 28th, 2012 at 03:16:00 PM EST
Locking down an American workforce
Sweatshop labor is back with a vengeance. It can be found across broad stretches of the American economy and around the world. Penitentiaries have become a niche market for such work. The privatization of prisons in recent years has meant the creation of a small army of workers too coerced and right-less to complain.
Prisoners, whose ranks increasingly consist of those for whom the legitimate economy has found no use, now make up a virtual brigade within the reserve army of the unemployed whose ranks have ballooned along with the U.S. incarceration rate. The Corrections Corporation of America and GEO, two prison privatizers, along with a third smaller operator, G4S (formerly Wackenhut), sell inmate labor at subminimum wages to Fortune 500 corporations like Chevron, Bank of America, AT&T, and IBM.
Tue Mar 6th, 2012 at 02:39:02 AM EST
It's the biggie.
328 pledged delegates are up for grabs and a total of 153 unpledged delegates (66 in Ohio alone) will be selected.
The overall situation has shifted slightly to Romney with Gallup giving national support at:
Romney has clawed back to match his previous high. Such as it is.
But Romeny still has the largest plurality of support and the Not-Romney vote is split between Santorum and Gingrich.
Tue Jan 3rd, 2012 at 01:00:06 PM EST
To keep the GOP Iowa Caucus discussion in one place.
Tue Sep 20th, 2011 at 12:26:50 PM EST
As clear as I can make it.
The world is in a classic Positive Feedback Loop in the Negative Direction causing cascade failure across the global economy. Increasing a causal factor comprising the Feedback Loop will only drive the economy further in the Negative Direction.
So says Theory.
Fri Aug 5th, 2011 at 03:11:26 PM EST
Credit for the find goes to ceebs!
As I write, it is four in the morning and I am watching the Asian stock markets falling. Yesterday both the FTSE100 and the Dow Jones crashed, and further falls are expected today. No-one seems to have any real idea why stock markets are collapsing around the world. But on one thing everyone is agreed - we have a worldwide financial crisis.
Another sign a devastating systematic critique of Neo-Classical Economics, and policies based thereon, is forming.
Thu Aug 4th, 2011 at 07:14:52 AM EST
A comment I decided to turn into a diary.
Spent some time looking at the probable course of events over the next ten years. Keep coming back to the same barrier: cannot predict how the politicians are going to respond. So far they've been doing all the wrong things, for all the wrong reasons; throwing their lot in with the banksters¹ against their citizens or subjects. If that continues, and there's no evidence they won't, things are going to get grim. How grim depends on how long and strong the politicians support the banksters.
Isn't that a nice little feedback loop?
front-paged by afew
Mon Jul 11th, 2011 at 11:12:07 AM EST
(h/t to Progressive Liberal)
Thu Mar 17th, 2011 at 07:20:37 PM EST
I imagine things are going to heat-up in Libya so ...
A place to talk.
Sat Feb 19th, 2011 at 12:42:20 PM EST
Need a diary to keep up with situation in Libya.
Basis is a comment I wrote in today's Salon.
Mon Feb 14th, 2011 at 01:53:20 PM EST
Short and powerful:
5 Lessons Brands Can Learn from Hosni Mubarak:
- Social media is fueled by real people with real concerns.
- You cannot turn off the conversation.
- Social media isn't a technology.
- Your target market doesn't live in a vacuum.
- The pace of change has changed.
At the link there are brief expositions of these five points.
Sun Jan 16th, 2011 at 03:50:23 PM EST
Take your shoes off, relax, grab your favorite beverage of choice.
This is going to take two hours.