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Bill Fulkerson

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

www.nakedcapitalism.com/...ernist-thinking-exploding.html

capitalism power society

shared by Bill Fulkerson on 11 Mar 17 - No Cached
  • Bill Fulkerson on 11 Mar 17
     
    " 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

Universal Basic Assets: A Smarter Fix Than Universal Basic Income? | Fast Forward | OZY - 0 views

www.ozy.com/...90019

universal basic assets uba income disparity

shared by Steve Bosserman on 01 Dec 18 - No Cached
  • For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling out cash. Instead, he advocates giving everyone assets like savings, education and homeownership, instituting a system of universal basic assets (UBA). And Friedman isn’t alone.
  • As cities and countries across the world experiment with the currently in-vogue idea of universal basic income (UBI), a small but growing number of scholars, nonprofits and researchers are beginning to argue for an alternative framework for prosperity. At its heart, they’re pushing for a 21st-century version of the age-old proverb that it’s better to teach a man how to fish than to simply give him fish. Just four years ago, UBA as a modern concept was unknown. Today, it’s emerging as a challenger to UBI as a means to the same goal: less income disparity and greater opportunities for all.
  • It’s an idea that has appeal on both sides of the political aisle. Liberals are drawn to UBA’s “provide for everyone” ethos, while libertarians see it as a reason to cut the “safety net” of government subsidies like welfare and unemployment, says Friedman. The bipartisan appeal comes from the notion that asset-building gives people more options, says C. Eugene Steuerle, former deputy assistant secretary of the U.S. Department of the Treasury for Tax Analysis under President Ronald Reagan and co-founder of the Urban-Brookings Tax Policy Center. ”UBA is a middle-of-the-road policy,” he says. “It’s an ideal compromise between left and right because it promotes mobility and opportunity, and less dependence on government.”
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  • At the Institute for the Future, Gorbis is convinced that assets are a critical determinant of an individual’s resources, especially with the rise of the gig economy where many don’t have access to benefits like health insurance and retirement savings. “When you look at data, a lot of inequality is deeper than income — it’s also about debt,” she says, adding, “for poor people, housing is the main asset.” That’s why Gorbis suggests UBA should start with access to housing, but also include access to public resources like transit. If you can take public transit, you don’t need to own a car, she says. When basic assets were first discussed, the crowning jewel was land — upon which the Homestead Act was based. Then, all eyes turned to jobs as the ultimate means of security. Today, Gorbis says, we should begin to look at data. Access to data — the internet, online education and resources — significantly affects socioeconomic status.
Bill Fulkerson

2:00PM Water Cooler 8/28/2017 | naked capitalism - 0 views

www.nakedcapitalism.com/...00pm-water-cooler-8282017.html

academia elites memes

shared by Bill Fulkerson on 29 Aug 17 - No Cached
  • Bill Fulkerson on 29 Aug 17
     
    "Class Warfare "Towards a History of the Professional: On the Class Composition of the Research University" [Viewpoint Magazine]. From 2013, but it still looks interesting. By arrogating more power to the top layers of academic administrative elite, some in the academic profession saw the possibility of imbricating themselves into the same social class as capitalists, rather than simply serving them. Federal, state, and local laws changed to make students into consumers; courts ruled that public, non-profit universities could patent and own intellectual property; a new type of capital, venture capital, was developed to accelerate the transmission of research into products; and a sub-class of faculty, the adjunct, was formulated to teach the dregs of the expanding university system - those composing the massive undergraduate base, forced into higher education as a college degree became a de facto requirement for admission into any of the professions, and many other occupations. Graduate students and adjuncts took on the bulk of the teaching, freeing star faculty from the responsibility of lecturing to dullards for whom their words would be proverbial pearls before swine."
Steve Bosserman

Jane Jacobs's Theories on Urban Planning-and Democracy in America - The Atlantic - 0 views

www.theatlantic.com/...501104

democracy urban design ecosystems diversity neighborhoods

shared by Steve Bosserman on 17 Nov 16 - No Cached
  • Urban life was Jacobs’s great subject. But her great theme was the fragility of democracy—how difficult it is to maintain, how easily it can crumble. A city offered the perfect laboratory in which to study democracy’s intricate, interconnected gears and ballistics. “When we deal with cities,” she wrote in The Death and Life of Great American Cities (1961), “we are dealing with life at its most complex and intense.” When cities succeed, they represent the purest manifestation of democratic ideals: “Cities have the capability of providing something for everybody, only because, and only when, they are created by everybody.” When cities fail, they fail for the same reasons democracies fail: corruption, tyranny, homogenization, overspecialization, cultural drift and atrophy.
  • I was encouraged to believe that simple conformity results in stagnation for a society, and that American progress has been largely owing to the opportunity for experimentation, the leeway given initiative, and to a gusto and a freedom for chewing over odd ideas. I was taught that the American’s right to be a free individual, not at the mercy of the state, was hard-won and that its price was eternal vigilance, that I too would have to be vigilant.
  • Her 1,500-word speech, a version of which appears in Vital Little Plans, became the basis for The Death and Life of Great American Cities. Her main argument was Kirk’s: Small neighborhood stores, ignored by the planners in their grim demolition derby, were essential social hubs. She added that sidewalks, stoops, laundries, and mailbox areas were also indispensable centers of community activity, and that sterile, vacant outdoor space served nobody. “The least we can do,” she said, “is to respect—in the deepest sense—strips of chaos that have a weird wisdom of their own.”
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  • Reduced to a word, Jacobs’s argument is that a city, or neighborhood, or block, cannot succeed without diversity: diversity of residential and commercial use, racial and socioeconomic diversity, diversity of governing bodies (from local wards to state agencies), diverse modes of transportation, diversity of public and private institutional support, diversity of architectural style. Great numbers of people concentrated in relatively small areas should not be considered a health or safety hazard; they are the foundation of a healthy community. Dense, varied populations are “desirable,” Jacobs wrote,
  • Madison argued that as you increase the “variety of parties and interests” contained within a republic, “you make it less probable that a majority of the whole will have a common motive to invade the rights of other citizens.”
  • “We need all kinds of diversity,” Jacobs concluded in Death and Life, “so the people of cities can sustain (and further develop) their society and civilization.”
  • In her comparative study of fallen empires, Jacobs identifies common early indicators of decline: “cultural xenophobia,” “self-imposed isolation,” and “a shift from faith in logos, reason, with its future-oriented spirit … to mythos, meaning conservatism that looks backwards to fundamentalist beliefs for guidance and a worldview.” She warns of the profligate use of plausible denial in American politics, the idea that “a presentable image makes substance immaterial,” allowing political campaigns “to construct new reality.” She finds further evidence of our hardening cultural sclerosis in the rise of the prison-industrial complex, the prioritization of credentials over critical thinking in the educational system, low voter turnout, and the reluctance to develop renewable forms of energy in the face of global ecological collapse.
  • In the foreword to the 1992 Modern Library edition of Death and Life, Jacobs likens cities to natural ecosystems. “Both types of ecosystems,” she writes, “require much diversity to sustain themselves … and because of their complex interdependencies of components, both kinds of ecosystems are vulnerable and fragile, easily disrupted or destroyed.”
Steve Bosserman

The Boundary Between Our Bodies and Our Tech - Pacific Standard - 0 views

psmag.com/...etween-our-bodies-and-our-tech

identity self boundaries brain-machine interface

shared by Steve Bosserman on 28 Nov 18 - No Cached
  • At the beginning of his recent book, The Internet of Us, Lynch uses a thought experiment to illustrate how thin this boundary is. Imagine a device that could implant the functions of a smartphone directly into your brain so that your thoughts could control these functions. It would be a remarkable extension of the brain's abilities, but also, in a sense, it wouldn't be all that different from our current lives, in which the varied and almost limitless connective powers of the smartphone are with us nearly 100 percent of the time, even if they aren't—yet—a physiological part of us.
  • The debate over what it means for us to be so connected all the time is still in its infancy, and there are wildly differing perspectives on what it could mean for us as a species. One result of these collapsing borders, however, is less ambiguous, and it's becoming a common subject of activism and advocacy among the technologically minded. While many of us think of the smartphone as a portal for accessing the outside world, the reciprocity of the device, as well as the larger pattern of our behavior online, means the portal goes the other way as well: It's a means for others to access us.
  • "This is where the fundamental democracy deficit comes from: You have this incredibly concentrated private power with zero transparency or democratic oversight or accountability, and then they have this unprecedented wealth of data about their users to work with," Weigel says. "We've allowed these private companies to take over a lot of functions that we have historically thought of as public functions or social goods, like letting Google be the world's library. Democracy and the very concept of social goods—that tradition is so eroded in the United States that people were ready to let these private companies assume control."
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  • Lynch, the University of Connecticut philosophy professor, also believes that one of our best hopes comes from the bottom up, in the form of actually educating people about the products that they spend so much time using. We should know and be aware of how these companies work, how they track our behavior, and how they make recommendations to us based on our behavior and that of others. Essentially, we need to understand the fundamental difference between our behavior IRL and in the digital sphere—a difference that, despite the erosion of boundaries, still stands."Whether we know it or not, the connections that we make on the Internet are being used to cultivate an identity for us—an identity that is then sold to us afterward," Lynch says. "Google tells you what questions to ask, and then it gives you the answers to those questions."
Steve Bosserman

I am a data factory (and so are you) - 0 views

www.roughtype.com/?p=8394

data human rights commons platforms

shared by Steve Bosserman on 10 May 18 - No Cached
  • Data is no less a form of common property than oil or soil or copper. We make data together, and we make it meaningful together, but its value is currently captured by the companies that own it. We find ourselves in the position of a colonized country, our resources extracted to fill faraway pockets. Wealth that belongs to the many — wealth that could help feed, educate, house and heal people — is used to enrich the few. The solution is to take up the template of resource nationalism, and nationalize our data reserves.
  • Emphasising time well spent means creating a Facebook that prioritises data-rich personal interactions that Facebook can use to make a more engaging platform. Rather than spending a lot of time doing things that Facebook doesn’t find valuable – such as watching viral videos – you can spend a bit less time, but spend it doing things that Facebook does find valuable. In other words, “time well spent” means Facebook can monetise more efficiently. It can prioritise the intensity of data extraction over its extensiveness. This is a wise business move, disguised as a concession to critics. Shifting to this model not only sidesteps concerns about tech addiction – it also acknowledges certain basic limits to Facebook’s current growth model. There are only so many hours in the day. Facebook can’t keep prioritising total time spent – it has to extract more value from less time.
  • But let’s assume that our vast data collective is secure, well managed, and put to purely democratic ends. The shift of data ownership from the private to the public sector may well succeed in reducing the economic power of Silicon Valley, but what it would also do is reinforce and indeed institutionalize Silicon Valley’s computationalist ideology, with its foundational, Taylorist belief that, at a personal and collective level, humanity can and should be optimized through better programming. The ethos and incentives of constant surveillance would become even more deeply embedded in our lives, as we take on the roles of both the watched and the watcher. Consumer, track thyself! And, even with such a shift in ownership, we’d still confront the fraught issues of design, manipulation, and agency.
Steve Bosserman

Why Trump's speech on terrorism was such a missed opportunity - The Washington Post - 0 views

www.washingtonpost.com/...-was-such-a-missed-opportunity

radicalization youth social contract unemployment

shared by Steve Bosserman on 22 May 17 - No Cached
  • The vast majority of young people in places like the Middle East and North Africa face a bleak socioeconomic future. Youth unemployment in the region hovers around 30 percent, which is expected to skyrocket as economies struggle to create enough jobs to keep pace with a massive demographic youth bulge. In 2000, the World Bank estimated that the region would need to create about 100 million new jobs to keep pace, and it’s nowhere near to closing the gap.
  • The effect of this socioeconomic crisis is about more than just employment and livelihoods for young people; it represents a fundamental breakdown of the social contract in the region. For decades, governments in the Middle East and North Africa promised socioeconomic support — free education, subsidies and public-sector employment — in exchange for limits on political participation and civic activity.
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