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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

How Do We Reclaim Control Of Our Lives When the Economy Looms So Grim? | naked capitalism - 0 views

  • What he found was that—in the absence of a perpetually-growing economy—community and culture are key. He quotes, for example, the historian Juliet Schor’s view of working life in the Middle Ages: “The medieval calendar was filled with holidays …These were spent both in sober churchgoing and in feasting, drinking and merrymaking …All told, holiday leisure time in medieval England took up probably about one third of the year. And the English were apparently working harder than their neighbors. The ancien régime in France is reported to have guaranteed fifty-two Sundays, ninety rest days, and thirty-eight holidays. In Spain, travelers noted that holidays totaled five months per year.”
  • Reading this took me back to a childhood fed by TV programmes like the BBC’s Tomorrow’s World, which had informed me that by now robots would be doing all the menial work, leaving humans free to relax and enjoy an abundance of leisure time. So it came as a shock to realise that the good folk of the Middle Ages were enjoying far more of it than we are in our technologically-advanced society. What gives? Fleming explains, “In a competitive market economy a large amount of roughly-equally-shared leisure time – say, a three-day working week, or less – is hard to sustain, because any individuals who decide to instead work a full week can produce for a lower price (by working longer hours than the competition they can produce a greater quantity of goods and services, and thus earn the same wage by selling each one more cheaply). These more competitive people would then be fully employed, and would put the more leisurely out of business completely. This is what puts the grim into reality.”
Steve Bosserman

The meaning of life in a world without work | Technology | The Guardian - 0 views

  • The crucial problem isn’t creating new jobs. The crucial problem is creating new jobs that humans perform better than algorithms. Consequently, by 2050 a new class of people might emerge – the useless class. People who are not just unemployed, but unemployable.
  • The same technology that renders humans useless might also make it feasible to feed and support the unemployable masses through some scheme of universal basic income. The real problem will then be to keep the masses occupied and content. People must engage in purposeful activities, or they go crazy. So what will the useless class do all day?
  • In any case, the end of work will not necessarily mean the end of meaning, because meaning is generated by imagining rather than by working. Work is essential for meaning only according to some ideologies and lifestyles. Eighteenth-century English country squires, present-day ultra-orthodox Jews, and children in all cultures and eras have found a lot of interest and meaning in life even without working. People in 2050 will probably be able to play deeper games and to construct more complex virtual worlds than in any previous time in history.
Steve Bosserman

As Republicans Deny Climate Change, the UN Says it Could Cost the World $2 Trillion - 0 views

  • The research indicates worldwide losses in productivity could be as high as 40% by 2050 if climate change is not stymied. 
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    An alternative is to have machines pick up the slack on productivity and share the gain with the people displaced so their work week shortens and their quality of life increases.
Steve Bosserman

Want a more equal society? Universal Basic Income might not be the policy you are looki... - 0 views

  • Those who seek a radical departure from capitalism see UBI as part of a radical platform to move away from a world in which work is central to our lives, identities and economies. In their book Inventing the Future, Alex Williams and Nick Srnicek argue that UBI is a fundamental part of delivering a new economy in which citizens have much greater freedom over when and if they work.
  • What this shows is that for UBI to be a viable proposition at these levels, there would need to be a fundamental transformation in the ownership of the economy. Williams and Srnicek acknowledge this, arguing that UBI will only work in combination with large scale and collectively owned automation, a reduction in the working week and a shift in social attitudes around the value of the ‘work ethic’.
  • Action on relative poverty is important, and inequality is not cost free. As Kate Pickett and Richard Wilkinson show in their book ‘The Spirit Level’, countries with higher rates of inequality perform worse against a range of social outcomes – physical health, mental health, drug abuse, education, imprisonment, obesity, social mobility, trust and community life.
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  • However, unless we are to engage in a radical economic transformation which drastically increases common ownership of economy, it is unlikely that Universal Basic Income on its own will do more than lock us into our current predicament. In the meantime, we need to look for equally radical policies which make a much more material difference to the lives of those on low incomes and who suffer from structural inequalities. Proponents of UBI need to go big or go home.
Bill Fulkerson

'Tis the Season for Shame and Judgment - The Atlantic - 0 views

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    Pandemic shaming, a national pastime since the spring, intensified in the weeks leading up to Thanksgiving. Thousands waited in line, some for many hours, for a preholiday coronavirus test, only to be rebuked as careless, selfish violators of public-health rules. "I do want people to understand that testing on Thursday so you can party on Saturday: That doesn't work," said Barbara Ferrer, Los Angeles County's director of public health. "It's not effective, and you really are in some ways wasting a valuable resource." Those long lines included people whose families were begging them to visit; students whose campuses had just closed for the semester; and people who were observing state rules requiring visitors to get tested 72 hours before arriving. Yet even people who were trying to be careful weren't spared from criticism: Many news articles and comments from public officials portrayed Thanksgiving travelers, regardless of the precautions they were taking, as irresponsible people. On social media, they were maligned as #covidiots, recklessly endangering themselves and their loved ones.
Steve Bosserman

The Future of the Labor Movement Rests on the Achievement of Unconditional Basic Income - 0 views

  • The ability for everyone to say “No” to any and all employers would have an undeniable effect on bargaining power. It’d mean greater profit sharing, higher wages, shorter days and/or weeks, improved working conditions, more flexibility, etc. UBI can even function as a universal strike fund.
  • Everyone should have the power to refuse to work for another as a condition for their existence. The right to exist is unconditional, and so no one has the right to command your wage labor with the threat of destitution.What unconditional basic income achieves is nothing less than profoundly historic. UBI is the declaration that all wage labor should be fully voluntary, all work, both paid and unpaid should be recognized, and that the goal of technology is to increase our control over our time.
Steve Bosserman

Is Trump fighting the 'deep state' or creating his own? - The Washington Post - 0 views

  • It's not far-fetched to suggest there is a "deep state" in Washington. Former President Dwight D. Eisenhower looked at the nexus of the Pentagon and arms manufacturers and coined the phrase the "military-industrial complex." Today's observers also point to the collusion of corporate interests and D.C. power brokers as the true guiding hand in American politics.
  • The Trump White House already seems to be at war with what it would say is the "deep state:" thousands of federal government bureaucrats faced with the awkward reality of working for a president who campaigned loudly against Washington officialdom and promised to "drain the swamp" when in power. This week, almost 1,000 American diplomats signed a dissent memo against Trump's executive order on immigration, prompting White House press secretary Sean Spicer to icily declare that "career bureaucrats" can "either get with the program or they can go." And Trump's public spat with Acting Attorney General Sally Yates, an Obama appointee who sought to defy his immigration order, ended with him firing Yates in an angry, chilling memo that claimed she "betrayed the Department of Justice."
Steve Bosserman

New houses in Puerto Rico designed to survive future storms - 0 views

  • The design is “based on what we know is affordable housing in Puerto Rico for a single family,” says Hector Ralat, an architect based in the firm’s Puerto Rican office. “But the focus was to alter the DNA of that knowledge and to put in the essential components that someone would need to sustain living conditions for at least two weeks, which is the recommended time here for someone to receive aid after a disaster.” The houses will likely cost around $120,000, a number that lets homeowners access favorable interest rates on mortgages. The units can be stacked on top of each other; in Villalba, most of the community will be three stories high (the solar will serve the whole building).
  • “We just know our product is better than stick-built construction in these types of dangerous environments,” says Paul Galvin, chairman and CEO of SG Blocks, the parent company of SG Residential. “Heavy-gauge steel structures are just designed to a high tolerance for the effects of climate change.” The houses, most of which will have two bedrooms, will start at $90,000 to $130,000. It might be possible to build cheaper houses, Galvin says, but the company is “trying to deliver product that is quality-driven, in that it’s going to be built once and it’s not going to be destroyed every storm.” The company is also working with a bank to create a mortgage that is similar in monthly cost to a car payment. The design can incorporate solar panels.
  • HiveCube, another modular housing company, is also using shipping containers, and has targeted a much lower cost–the houses start at $39,000 for a two-bedroom home. “We believe that your safety should not be a matter of income, but a given when you are planning to buy a home for your family,” says María Velasco, cofounder of HiveCube. The homes are designed to be fully off the grid, with solar power and batteries, a rainwater collection system, and a gray and black water treatment system that uses plants and bacteria to treat wastewater instead of septic tanks.
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