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Finally, countless Americans are, by world standards, vastly over-paid and have been found out. There is nothing a laborer in Manhattan can do that someone just as competent but living in El Salvador cannot do for perhaps one-fifth the price. It should be no surprise that 6% of the world's population can no longer enjoy 25% of the world's output -- there was no place to go but down.

Normally, the lack of a middle class would preclude a nation from being a world power, but the Anglo-American establishment was able to pay for American industrialization by borrowing British capital; from America’s inception until World War I, it was a debtor nation.

Unlike England, which prior to the welfare state of 1909, really did have a large middle class (roughly 40% of the population) America never did; for most of its history the middle class have never been more than 6% of Americans (probably less the 3% today). Middle Class values were the preserve of the WASP establishment, a small elite of German Jews, an even smaller elite of African-Americansand an assortment of assimilated white “ethnics”, but for the most part the American population was working class; focused on today, consuming all they produced.

In economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided.[1] Austerity policies are often used by governments to try to reduce their deficit spending[2] and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.[3]

"They’ll say the IMF is arrogant. They’ll say the IMF doesn’t really listen to the developing countries it is supposed to help. They’ll say the IMF is secretive and insulated from democratic accountability. They’ll say the IMF's economic ‘remedies’ often make things worse – turning slowdowns into recessions and recessions into depressions. And they’ll have a point. I was chief economist at the World Bank from 1996 until last November, during the gravest global economic crisis in a half-century. I saw how the IMF, in tandem with the U.S. Treasury Department, responded. And I was appalled."

Initiative for Policy Dialogue In July 2000 Stiglitz founded the Initiative for Policy Dialogue (IPD), with support of the Ford, Rockefeller, McArthur, and Mott Foundations and the Canadian and Swedish governments, to enhance democratic processes for decision-making in developing countries and to ensure that a broader range of alternatives are on the table and more stakeholders are at the table.

Commission of Experts on Reforms of the International Monetary and Financial System Stiglitz at the World Economic Forum Annual Meeting in Davos, 2009. In 2009, Stiglitz chaired the Commission of Experts on Reforms of the International Monetary and Financial System which was convened by the President of the United Nations General Assembly "to review the workings of the global financial system, including major bodies such as the World Bank and the IMF, and to suggest steps to be taken by Member States to secure a more sustainable and just global economic order".[41] Its final report was released on 21 September 2009.[42][43]

Electronic direct democracy It has been suggested that this article or section be merged with E-democracy. (Discuss) Proposed since December 2011. Electronic direct democracy (EDD), also known as Direct Digital Democracy (DDD)[22] or E-democracy[22], is a form of direct democracy which utilizes telecommunications to facilitate public participation. Electronic direct democracy is sometimes referred to by other names, such as open source governance and collaborative governance.[citation needed] EDD requires electronic voting or some way to register votes on issues electronically. As in any direct democracy, in an EDD, citizens would have the right to vote on legislation, author new legislation, and recall representatives (if any representatives are preserved).[citation needed]

EDD as a system is not fully implemented in a political government anywhere in the world, although several initiatives are currently forming. Ross Perot was a prominent advocate of EDD when he advocated "electronic town halls" during his 1992 and 1996 presidential campaigns in the United States. Switzerland, already partially governed by direct democracy, is making progress towards such a system

The first mainstream direct democracy party to be registered with any country's electoral commission [checked against each country's register] is the UK's People's Administration Direct Democracy party. The People's Administration have developed and published the complete architecture for a legitimate reform to EDD [including the required Parliamentary reform process]. Established by musicians [including Alex Romane] and political activists, the People's Administration advocates using the web and telephone to enable the majority electorate to create, propose and vote upon all policy implementation. The People's Administration's blueprint has been published in various forms since 1998 and the People's Administration is the first direct democracy party registered in a vote-able format anywhere in the world - making transition possible through evolution via election with legitimate majority support, instead of potentially through revolution via violence.

Food For Thought: What to Eat to Boost Your Memory

The Web is about IDEAS+PEOPLE. Cohere is a visual tool to create, connect and share Ideas. Back them up with websites. Support or challenge them. Embed them to spread virally. Discover who - literally - connects with your thinking.

Publish ideas and optionally add relevant websites

Weave webs of meaningful connections between ideas: your own and the world's

75% of our users switched to MeetingBurner fromGoToMeeting and WebEx – give us a try and find out why!

What sets MeetingBurner apart? Speed Attendees click once to join a meeting, and it loads lightning fast. Simplicity Anyone can join meetings without calling tech support. Integration Phone bridges, Skype, and webinars in perfect harmony. Social One-click to share a recorded meeting on YouTube. Price Free and fully featured with no distracting ads for attendees. Meeting Temperature Instant data that lets you drastically improve your pitch, follow up with interested attendees, and turn your meetings into a powerful sales tool. Autopilot™ Meetings Record a meeting on Sunday, but have it play on a Tuesday as if it’s live. PayPal Integration Charge attendees directly from the registration screen. Mobile Native Android functionality and iPhone/iPad apps to view.

Wisdom™ for Facebook is a free collective intelligence application that gives you an unprecedented level of insight derived from the social graph of the Wisdom Network or your own. Wisdom is powered by the knowledge of millions of users.

Put the collective knowledge of millions to work for you. Tap into the Wisdom Network and discover what’s hot, and what’s not. Single? Use Wisdom’s filtering capability to find the most popular single spots in your town. Looking for new music? Match your tastes with others to see which bands you might be into. You’re no longer alone when you have the power of Wisdom.

Stay on top of what’s important in your own network. Wisdom gives you unprecedented insights into your own Facebook friends and makes sure you get to the content that means the most to you. Never miss another party or important update. And stay in the know about your friends’ favorite restaurants, movies and more! 

Create / Curate

Sharing To Your Social Networks Post directly to Facebook or Twitter account or your personal blog.

Drag the videos you want on your tape, arrange them, cut the parts you don’t need, set a number of seconds for fading in/out/.

We live in a world of too much information. With thousands of stories published each day, how can you find the best quality and the most compelling? We think the answer lies with people. We humans have an instinct for good stories, and we know the news stories worth sharing with our friends. So we’ve built a technology that tracks all the news shared on Facebook and Twitter each day, to find the fastest spreading, most shared, highest quality stuff, and reveal it to the world.

How it works NewsWhip's technology tracks all the news published by about 5,000 English-language sources –about 60,000 news stories each day. It gathers social data for each story – how many shares, likes, tweets and comments it has – at repeated intervals, building a live picture of how popular it is, right now. With this information, it calculates a social speed at which each story is travelling. The process is unique, new, and patent pending.

All Together NowClarizen’s pure SaaS-based project execution platform goes beyond project management, giving your whole team a centralized environment to manage projects, tasks, resources, budgets – as well as associate emails, chat and documents - with in an intuitive, easy to use UI. Project managers and organizations get real-time visibility and clarity, enabling them to make decisions based on data, not guesswork.  Users of the system gain a flexible, task management tool to help them understand priorities and get the important work done on time.

The Project Software Your Team will UseClarizen has great adoption rates, because it is provides each user a personalized dashboard showing only tasks, conversations, and documents that are relevant to them. As each user updates their status, using email, mobile apps, or from within Clarizen, this data rolls up to the manager’s view. As a project manager or executive, you have full visibility to plan, delegate, and get real-time status into what your team is working on.

Combining Project Structure with CollaborationClarizen marries project management with collaboration, ensuring that all email, chat and other unstructured communications are associated within the context of a project.  The result is a work management environment with robust simplicity: Clarizen is feature-rich and powerful enough for the most seasoned project professional, yet it’s easy for a novice to begin working more productively as soon as they begin using Clarizen.

Really Free Conferencing Hangout with your friends or colleagues, share videos (up to 9) and conference for free. Join the call with your browser, Skype or your phone directly. No long distance charges, our number is toll-free, really. More? In the US, you can even get called by the conference on your landline or mobile directly ! RECORDED : The recording of your call are saved to your reports. (coming soon)

Capture and share ideas A lightweight tool for connecting insights

Cloudstorm. Collaborate with creators globally. At jovoto ideas compete while talent collaborates. Inspire others, submit your idea and get inspired. Unleash the creativity of the cloud for your brand and organization. Start now – let us be your guide.

Flowchart.com is an online multi-user, real-time collaboration flow charts service. It's Flowcharting made easy.

Collaborate together You can collaborate with your colleagues in real-time. All collaborating parties can chat and design flow charts at the same time. Flowchart.com does not require any software download, it works with your favorite browser such as: Firefox, Microsoft Internet Explorer, Opera, Safari, Google Chrome. Flowchart.com works on any Operating System.