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Bill Fulkerson

Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

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    " Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o
Steve Bosserman

The Digital Gap Between Rich and Poor Kids Is Not What We Expected - The New York Times - 0 views

  • It wasn’t long ago that the worry was that rich students would have access to the internet earlier, gaining tech skills and creating a digital divide. Schools ask students to do homework online, while only about two-thirds of people in the U.S. have broadband internet service. But now, as Silicon Valley’s parents increasingly panic over the impact screens have on their children and move toward screen-free lifestyles, worries over a new digital divide are rising. It could happen that the children of poorer and middle-class parents will be raised by screens, while the children of Silicon Valley’s elite will be going back to wooden toys and the luxury of human interaction.
Steve Bosserman

Why America is the World's Most Uniquely Cruel Society - 0 views

  • Any theory of being American must explain one salient and striking fact: cruelty. America is the most cruel nation among its peers — even among most poor countries today. It is something like a new Rome. It has little, if any, functioning healthcare, education, transport, media, no safety nets, no stability, security. The middle class is collapsing, and life expectancy is falling. Young people die for a lack of insulin they cannot crowdfund. Elderly middle-class people live and die in their cars. Kids massacre each other in schools — when they’re not self-medicating the pain of it all away. The combination of these pathologies happens nowhere else — not a single place — in the world. Not even Pakistan, Costa Rica, or Rwanda. Hence, the world is aghast daily at the depths of American cruelty — yet somehow, they seem bottomless.(Of course I don’t mean that all Americans are cruel. I just mean that in the same way we say countries have attitude, dispositions, that there’s such a thing as a French or German national attitude or disposition, so, too there is an American one. Nor do I mean America is “the most cruel society in the world”. Can we really ever judge that? But it is uniquely cruel — a kind of special example — in weird, needless, and singular ways.)Let me throw that into relief. Scandinavians are the happiest, longest-lived, and most prosperous people in the world because they do not punish one another constantly — but lift one another up. But Americans do not believe this reality. The underlying sentiment that unites America’s manifold problems is a myth of cruelty.
Steve Bosserman

Here's why robots are making income inequality even worse - 0 views

  • Automation has not triggered mass unemployment, despite concerns about increasingly-realistic innovations like driverless trucks and ATMs that can handle mortgages. But already, around the edges, robots are on the rise — creating cost savings that benefit corporations and Americans who run businesses. These benefits are increasingly going to a small group at the top.In fact, the income gap between the super rich and middle class has also increased at a rapid clip — by $58,800 between 2010 and 2015, as Bloomberg reported. And within the middle class itself, the gap between upper and lower middle class grew by $9,000.
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