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Kurt Laitner

Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housin... - 0 views

www.resilience.org/...lion-lawsuit-in-housing-crisis

credit collapse alternative economic system

shared by Kurt Laitner on 22 Jul 14 - No Cached
  • The reason for this is that credit is merely one way by which a society manages the distribution of goods and services. . . . A credit collapse . . . doesn’t make the energy, raw materials, and labor vanish into some fiscal equivalent of a black hole; they’re all still there, in whatever quantities they were before the credit collapse, and all that’s needed is some new way to allocate them to the production of goods and services.
  • Better would be to have an alternative system in place and ready to implement before the boom drops.
  • On a national level, when the Wall Street credit system fails, the government can turn to the innovative model devised by our colonial forebears and start issuing its own currency and credit—a power now usurped by private banks but written into the US Constitution as belonging to Congress
  • ...5 more annotations...
  • The chief problem with the paper scrip of the colonial governments was the tendency to print and spend too much.
  • he Pennsylvania colonists corrected that systemic flaw by establishing a publicly-owned bank, which lent money to farmers and tradespeople at interest
  • To get the funds into circulation to cover the interest, some extra scrip was printed and spent on government services.
  • The interest returned to public coffers, to be spent on the common weal.
  • The result was a system of money and credit that was sustainable without taxes, price inflation or government debt
  • Kurt Laitner on 22 Jul 14
     
    "The reason for this is that credit is merely one way by which a society manages the distribution of goods and services. . . . A credit collapse . . . doesn't make the energy, raw materials, and labor vanish into some fiscal equivalent of a black hole; they're all still there, in whatever quantities they were before the credit collapse, and all that's needed is some new way to allocate them to the production of goods and services." and  "Better would be to have an alternative system in place and ready to implement before the boom drops." taken together may imply something other than the article's proposed solution of  "On a national level, when the Wall Street credit system fails, the government can turn to the innovative model devised by our colonial forebears and start issuing its own currency and credit-a power now usurped by private banks but written into the US Constitution as belonging to Congress"
Tiberius Brastaviceanu

The New Sacred « Dynamics of Myth - 0 views

dynomyth.net/...the-new-sacred

culture Roy Zuninga blog paper

shared by Tiberius Brastaviceanu on 04 Jun 12 - No Cached
  • The question then becomes about special content, and adoption of that content.
  • driving adoption of a mythology with values
  • We have to both overcome the hold of the old mythology and gain adoption of the new. What drives adoption of a meaningful cultural phenomenon?
  • ...11 more annotations...
  • the shared Christian story during the Renaissance
  • Church, artists, businesses and consumers all contributed to the great rebirth of culture
  • largely driven by the church and government institutions which we don’t necessarily want to recreate, right?
  • So how do we achieve the same effect?
  • The answer is sacred content.
  • I adopt what I believe in, and if the content is sacred, then it is beyond question.
  • An authority has determined these are sacred and therefore worthy
  • The Authority establishes a values framework, a ruling hierarchy directs and stewards the sacred content, and a host of intermediaries that carry it out to the faithful consumers.
  • We now have a strong distrust of authority, which has lost all legitimacy:
  • All around us there’s a collapse of the legitimacy of authorities, with much cynicism from the population. There’s never been a greater need for sacred content that can be trusted and deemed legitimate. How to achieve it without authorities? This is where we have to pivot our minds. We have to replace the dynamics of its creation within the authority with something else. This slide suggests an alternative:
  • We can create a values framework using collaborative culture techniques like community mythology projects. Out of these come sacred content that is legitimate because we created it according to shared values and a collective conscience. We have to put in place processes and rituals to establish, enshrine and communicate it.
Kurt Laitner

Crisis of Value Theory - P2P Foundation - 0 views

p2pfoundation.net/Crisis_of_Value_Theory

Michel Bauwens Kevin Carson capitalism alternative economy paper

shared by Kurt Laitner on 11 Jul 12 - Cached
  • accumulation of knowledge assets
  • a new class has arisen which controls the vectors of information
  • In terms of knowledge creation, a vast new information commons is being created, which is increasingly out of the control of cognitive capitalism.
  • ...19 more annotations...
  • But notice that to do this, the system had to change, the core logic was no longer the same.
  • The emergence of the peer model of production, based on the non-rivalrous nature and virtually non-existent marginal cost of reproduction of digital information, and coupled with the increasing unenforceability of “intellectual property” laws, means that capital is incapable of realizing returns on ownership in the cognitive realm.
  • capital is becoming an a posteriori intervention in the realization of innovation, rather than a condition for its occurrence
  • 1) The creation of non-monetary value is exponential 2) The monetization of such value is linear
  • What this announces is a crisis of value, most such value is ‘beyond measure’, but also essentially a crisis of accumulation of capital.
  • more and more positive externalizations are created from the social field
  • “the core logic of the emerging experience economy, operating as it does in the world of non-rival exchange, is unlikely to have capitalism as its core logic.”
  • This takes the form both of “intellectual property” law, as well as direct subsidies from the taxpayer to the corporate economy
  • crisis of realization under state capitalism to capital’s growing dependence on the state to capture value from social production and redistribute it to private corporate owners
  • The state capitalist system will reach a point at which, thanks to the collapse of the portion of value comprised of rents on artificial property, the base of taxable value is imploding at the very time big business most needs subsidies to stay afloat.
  • We live in a political economy that has it exactly backwards. We believe that our natural world is infinite, and therefore that we can have an economic system based on infinite growth. But since the material world is finite, it is based on pseudo-abundance. And then we believe that we should introduce artificial scarcities in the world of immaterial production, impeding the free flow of culture and social innovation, which is based on free cooperation, by creating the obstacle of permissions and intellectual property rents protected by the state. What we need instead is a political economy based on a true notion of scarcity in the material realm, and a realization of abundance in the immaterial realm.
  • Brains and bodies still need others to produce value, but the others they need are not necessarily provided by capital and its capacities to organize production.
  • The household and informal economies have been allowed to function to the extent that they bear reproduction costs that would otherwise have to be internalized in wages; but they have been suppressed (as in the Enclosures) when they threaten to increase in size and importance to the point of offering a basis for independence from wage labor. “
  • increasing untenability of property rights in the information realm
  • there is no more outside.
  • one of intensive development, to grow in the immaterial field, and this is basically what the experience economy means
  • Innovation is becoming social and diffuse, an emergent property of the networks
  • failure of artificial abundance
  • failure of artificial scarcity
  • Kurt Laitner on 11 Jul 12
     
    the passing of the capitalist age
Tiberius Brastaviceanu

Open Collaboration - The Next Economic Paradigm - 0 views

www.chaoticripple.com/...open-collaboration-paradigm

collaboration economy blog paper Joe Brewer

shared by Tiberius Brastaviceanu on 30 Apr 11 - No Cached
  • we’re in the midst of a collapsing paradigm
  • to be replaced by something new
  • I will explain what the new paradigm
  • ...40 more annotations...
  • business
  • government
  • education
  • research
  • The old economic paradigm was a service economy built on the digital communications revolution that began in the early 1970′s.
  • financial capital has decoupled from productive capital
  • financial meltdown
  • major societal institutions have stalled
  • the funding models
  • no longer work properly
  • The new model is the Open Collaboration Paradigm
  • we will see a radical departure from old institutional models.
  • social capital is increasingly recognized
  • generating wealth for society
  • This will be a profoundly social economy, built on unprecedented capabilities to self-organize people and resources in the crowd.
  • Social media
  • connect ideas, people, and institutions
  • blur the inside/outside distinctions
  • Network connections
  • radical transparency will be the new norm
  • Another profound shift will occur in the realm of ownership
  • No longer
  • viable
  • to horde intellectual property
  •  Collaborative consumption will arise as a more robust business paradigm,
  • risk is distributed
  • implications for business
  •  Those who can leverage the wisdom of crowds for market research, product development, and efficient resource allocation will be more adept and agile in the face of rapid change.
  • Those who build walls around themselves will fail to tap into the flow of knowledge and resources running rampant in the crowd
  • governments will have to become more transparent and responsive to their citizens
  • information becomes more immersive and dynamic
  • Research has already begun to use open collaboration that goes beyond the halls of academia.
  • collaborative approach to research will become the norm,
  • The era of “user generated content” and “prosumption” — where consumers of goods and services co-create what they will consume — is now a decade along in its evolution.  We will increasingly see collaborative design and production of consumables across society.
  • In the education arena, we will see more curricula as shareware and an increased emphasis on multi-perspective teamwork as the necessary skills for engaging in collaborative projects.
  • Expert/amateur boundaries have already blurred to the point where individuals can acquire graduate-level knowledge through self-directed learning on the internet.
  • distance learning
  •  Lifetime learning
  • active pedagogy
  • So get ready for the new economic paradigm.
Tiberius Brastaviceanu

Places to Intervene in a System by Donella H. Meadows - developer.*, Developer Dot Star - 0 views

www.developerdotstar.com/...places_intervene_system.html

systems complexity management paper

shared by Tiberius Brastaviceanu on 20 Sep 11 - Cached
  • Folks who do systems analysis have a great belief in "leverage points."
  • where a small shift in one thing can produce big changes in everything.
  • backward intuition
  • ...15 more annotations...
  • "Places to Intervene in a System," followed by nine items: 9.  Numbers (subsidies, taxes, standards). 8.  Material stocks and flows. 7.  Regulating negative feedback loops. 6.  Driving positive feedback loops. 5.  Information flows. 4.  The rules of the system (incentives, punishment, constraints). 3.  The power of self-organization. 2.  The goals of the system. 1.  The mindset or paradigm out of which the goals, rules, feedback structure arise.
  • an invitation to think more broadly about system change.
  • Numbers ("parameters" in systems jargon) determine how much of a discrepancy turns which faucet how fast.
  • some of which are physically locked in, but most of which are popular intervention points.
  • Probably ninety-five percent of our attention goes to numbers, but there's not a lot of power in them.
  • Not that parameters aren't important—they can be, especially in the short term and to the individual who's standing directly in the flow. But they rarely change behavior. If the system is chronically stagnant, parameter changes rarely kick-start it. If it's wildly variable, they don't usually stabilize it. If it's growing out of control, they don't brake it.
  • Spending more on police doesn't make crime go away.
  • Numbers become leverage points when they go into ranges that kick off one of the items higher on this list.
  • Probably the most common kind of critical number is the length of delay in a feedback loop.
  • A delay in a feedback process is critical relative to rates of change (growth, fluctuation, decay) in the system state that the feedback loop is trying to control.
  • Delays that are too short cause overreaction, oscillations amplified by the jumpiness of the response. Delays that are too long cause damped, sustained, or exploding oscillations, depending on how much too long. At the extreme they cause chaos. Delays in a system with a threshold, a danger point, a range past which irreversible damage can occur, cause overshoot and collapse.
  • delays are not often easily changeable
  • It's usually easier to slow down the change rate (positive feedback loops, higher on this list), so feedback delays won't cause so much trouble
  • Most systems have evolved or are designed to stay out of sensitive parameter ranges. Mostly, the numbers are not worth the sweat put into them.
  • The plumbing structure, the stocks and flows and their physical arrangement, can have an enormous effect on how a system operates.
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