107 Matching Annotations
  1. Jan 2020
    1. How To Make Thousands of Gold In Guild Wars 2 - Guide & Advice From The MMOs Richest Player [2019]

      29.20 / It all comes down to trust. (ingame-otc desk instead of using game's own marketplace.)

      Trading posts between servers.

      Merchant Guilds with grand-bazaar like reputation tracking.

      GW2 economy design decisions necessitates the formation of guilds / trading communities.

      Bypassing tax of "Trading Post" via P2P bartering.

      Reddit exchange.

      Only reputation metric is your trading history in that specific subreddit. Use people with high reputation as escrow.

      No middle-class in GW2. Rich records 2 hours long podcast for more players to make money.

      Achievement system integrates with how fast you make gold and progress on other parts of the game. Golden idea to be included into social economy design!

      "Do x,y,z like "recycle 1 ton of plastic" - earn "plastic recycler badge and get a %0.02 reduction on your bills." This can also get out of hand quickly, slippery slope. Still, implemented responsibly, can work wonders for a society.

      We want money to flow through people and make it flow through your community first.

      Sell to your community first. Then use global trade post as plan B.

      When we changed the way we trade, the nature of gold in game changed. We were prioritizing materials, not gold. Resources became money, a multi-currency economy.

      Community became tighter, engagement increased, people socialized more and started to enjoy the game more. Middle-class emerged!

      Players learn how to achieve goals. Make money just playing the game.

      "Trade post guilds" changed the whole game.

      Peg the spirit shards value to play time value, all of a sudden everything matters (in the game)

      Economical decisions in this game forces people to cooperate if you want to achieve a goal.

      Maps (levels) are designed in a specific way, you are expected to flow through the entrance to exit and earn map currency.

    1. Where is Wealth Concentrated?

      Map of wealth concentration

    2. This map shows the relative density of commercial shipping around the world. The darker the color, the busier the route.

      Map of global shipping routes

    1. the rich pocket, rather than reinvest, their tax cuts

      Or they reinvest a smaller than expected fraction of it?

      It would be great to see some data on this as the intuition can go both ways. One argument says -

      • Rich do not pocket their wealth, they spend it on overpriced luxury items and long term invesents (really?), whereas working class people spend it in short term purchases for livelihood which does not have as much of a ripple effect on the economy.
  2. Dec 2019
  3. Oct 2019
    1. This paper explores how the Internet of Things and blockchain technology can benefit shared economy applications. The focus of this research is understanding how blockchain can be exploited to create decentralised, shared economy applications that allow people to monetise, securely, their things to create more wealth. Shared economy applications such as Airbnb and Uber are well-known applications, but there are many other opportunities to share in the digital economy. With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few

      This article sheds light into shared economy, have highlighted just the abstract, but this entire article is so interesting and the application it talks about is great, like how can airbnb or uber use blockchain to protect it's clients privacy. Must read

  4. Jul 2019
    1. emble too much for that. Actually, the laboring man has not leisure for a true integrity day by day; he cannot afford to sustain the manliest relations to men; his labor would be depreci

      This is a really problem many people have today but often ignored.They are doing repetitive things every day with no value.This example may let the reader reflect, think about if they have the same problem and get into the book.

    2. Finding that my fellow-citizens were not likely to offer me any room in the court house, or any curacy or living any where else, but I

      This sounds to me like he wasn't very successful at the time he decided to go into the woods, and maybe feeling like he was tossed aside, maybe even a little bitter, and therefore ready to get away from society. Sounds like a typical case of stress.

    3. discontented, and idly complaining of the hardness of their lot or of the times, when they might improve them.

      He is speaking of people who are unhappy, yet do nothing to make themselves happy, and still have to audacity to gripe about it

    4. eds. Public opinion is a weak tyrant compared with our own private opinion. What a man thinks of himself, that it is which determines, or

      This one is so true and timeless. All that really matters is what we think of ourselves and that ultimately makes us who we are.

    5. of him. The finest qualities of our nature, like the bloom on fruits, can be preserved only by the most delicate handling. Yet we do not treat ourselves nor one anot

      I felt this to be a very powerful sentence. He's asking why we put so much stock and care into material things instead of each other, and our world.

    6. Most men, even in this comparatively free country, through mere ignorance and mistake, are so occupied with the factitious cares and superfluously coarse labors of life that its finer fruits cannot be plucked by the

      I feel that Thoreau is saying that a lot of people just "fall in line' in everyday life, and do what is expected of them, that they can't really enjoy or even entertain a different way of life and they don't even know what they are missing.

  5. Jun 2019
    1. On a recent day, three manufacturing firms called the head of a program at KVCC that teaches trade skills asking if it had any students available to fill jobs.
  6. Mar 2019
    1. Ridesharing platforms canhave several economic benefits.7These platformsincrease the transportation options available to consumers and businessesand are therefore likely to significantly increase consumer welfare. Lyft andUbergivethe consumer multiple different types of rides to choose from.For example, riderscantypicallyrequest a normal car and ride from a partner driver, carpooling at a cheaper price,a ride in a large car,ora luxury car.8These ridesharing platforms may alsoencourage higher utilization of the existing vehicle stock. One study,performed in five cities, found that Uber drivers had higher capacity utilization rates than taxis, likely due to Uber’s more efficient ordering and pricing methods, its larger scale, as well as inefficiencies of taxi regulation (Cramer and Krueger, 2016).Some cities have allocateddedicated parking spots throughout the city to such ridesharing under the assumption that they may generate social benefits (Shaheen, 2010).

      Advantages for ride sharing platforms for the economy with case studies and primary research.

    1. “sharing economies” of collaborative consumption(Botsman & Rogers, 2010), where people offer and share underuti-lized resources in creative, new ways.

      Gives a clear definition of what is the sharing economy



    1. “Higher OMOs can distort the rates curve,” said a banker. The move would boost RBI’s foreign exchange reserves which were at $401.7 billion for the week ended March 1.

      *Open Market Operations are a part of tools in RBI's hands to control liquidity in the economy.

    2. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for a three-year tenor on March 26. “In order to meet the durable liquidity needs of the system, the Reserve Bank has decided to augment its liquidity management toolkit and inject rupee liquidity for longer duration through long-term foreign exchange buy/sell swap,” the central bank said in a statement on Wednesday. “The U.S. dollar amount mobilised through this auction would also reflect in RBI’s foreign exchange reserves for the tenor of the swap while also reflecting in RBI’s forward liabilities,” it added.

      Forward liabilities: accounts which contain all liability accounts resulting from transactions with a future value or start date as well as their contra accounts.

  7. Feb 2019
  8. Nov 2018
  9. Oct 2018
    1. On the other hand, though much less likely, is the possibility of the gig economy becoming a long-term fixture of capitalism.

      Whether or not the gig economy is here to stay, the result will be widespread un- or under-employment caused by technological displacement. Whether workers are gathered into a gig economy or are outright unemployed is what remains to be seen.

  10. Sep 2018
    1. If we are tosucceed at moving beyond the current model of ‘growth at allcosts’ to embrace the idea of a ‘wellbeing economy’, we need a dif-ferent approach to data collection and modelling that is adaptable,evolutionary, and integrated (Fioramonti, 2017a)

      Como colectamos datos hoy determina nuestra visión de crecer a toda costa. Se debe involucrar a ciudadanos y ampliar el tipo y cantidad de registros

    2. One solution is common investmentand common use. Common asset trusts (CATs) are one institutionthat can assign property rights to the commons on behalf of thecommunity, using trustees as protectors of the asset (Barneset al., 2008; Farley et al., 2015).

      Hay que estudiar esto. Es un método de propiedad de tierras que se le asignan a administradores privados para uso de comunidades.

    3. Systems of payment for ecosystem services (PES) and commonasset trusts can be effective elements in these institutions (Sattlerand Matzdorf, 2013).

      PES pagos por servicios ecosistemicos prestados por la tierra de un privado.

    1. Simply put, the modern economy is evolving beyond the constraints of traditional work models. As a society, we are demanding the freedom of flexible work environments. Collectively, we are breaking barriers and smashing limitations, especially when it comes to making a living. The time is ripe for us to champion our own destiny by harnessing the power of the gig economy to spur lasting social change.

      This is all very "uplifting," but this entire paragraph is devoid of meaning. When is it NOT the time to "champion our own destiny?" What does it even mean to "harness the power of the gig economy to spur lasting social change?" What sort of change? People can't afford to live in Silicon Valley. The ethos of the tech companies show that they don't care about the communities of which they are a part.

    2. It is this progressive attitude

      This is a flowery puff piece regarding the gig economy. The supposed "progressive attitude" of piecemeal labor hides the grim reality of people working harder and longer for less. Read some counterpoints to this article's perspective here.

    1. share agreement

      Adoption of mechanisms like the "Fair Share Agreement" in B.C. or similar to get funds for improving infrastructure in municipalities and regions.

    2. Lack of metrics

      Develop or strengthen statistical information of new industry developments, ups and downs of existing industries.

  11. Aug 2018
    1. Anomie (/ˈænəˌmi/) is a "condition in which society provides little moral guidance to individuals".[1] It is the breakdown of social bonds between an individual and the community, e.g., under unruly scenarios resulting in fragmentation of social identity and rejection of self-regulatory values.

      I can't help but see this definition and think it needs to be applied to economics immediately. In particular I can think of a few quick examples of economic anomie which are artificially covering up a free market and causing issues within individual communities.

      College Textbooks: Here publishers are marketing to professors who assign particular textbooks and subverting students which are the actual market and consumers of those textbooks. This causes an inflated market and has allowed textbook prices to spiral out of control.

      The American Health Care Market In this example, the health care providers (doctors, hospitals, etc.) have been segmented away from their consumers (patients) by intermediary insurance companies which are driving the market to their own good rather than a free-er set of smaller (and importantly local) markets that would be composed of just the sellers and the buyers. As a result, the consumer of health care has no ability to put a particular price on what they're receiving (and typically they rarely ever ask, even more so when they have insurance). This type of economic anomie is causing terrific havoc within the area.

      (Aside: while the majority of health care markets is very small in size (by distance), I will submit that the advent of medical tourism does a bit to widen potential markets, but this segment of the market is tiny and very privileged in comparison.)

    1. But that state of consciousness that permits the growth of liberalism seems to stabilize in the way one would expect at the end of history if it is underwritten by the abundance of a modern free market economy.

      Writers spend an awful lot of time focused too carefully on the free market economy, but don't acknowledge a lot of the major benefits of the non-free market parts which are undertaken and executed often by governments and regulatory environments. (Hacker & Pierson, 2016)

  12. Apr 2018
    1. Some basic foundations are clearly important. Wages are still low and demographics are favorable. About half the population is below the age of 35, and Vietnam has a large and growing workforce. The country is also politically stable and geographically close to major global supply chains. But this is not necessarily what sets Vietnam apart. Instead, we would argue that Vietnam managed to capitalize on its strong foundations through good policies. Vietnam has achieved its success the hard way. First, it has embraced trade liberalization with gusto. Second, it has complemented external liberalization with domestic reforms through deregulation and lowering the cost of doing business. Finally, Vietnam has invested heavily in human and physical capital, predominantly through public investments. These lessons—global integration, domestic liberalization, and investing in people and infrastructure—while not new, need reiteration in the wake of rising economic nationalism and anti-globalization sentiments.
    2. This success is a symptom of a broader trend that defies global norms. While global trade has stagnated, Vietnam’s trade has soared to 190 percent of GDP in 2017 from 70 percent in 2007. While premature de-industrialization sweeps through the world economy, Vietnam’s manufacturing sector has steadily expanded, adding an estimated 1.5 million new manufacturing jobs between 2014 and 2016 alone.
  13. Mar 2018
    1. Vietnamese 15-year-olds do as well in maths and sciences as their German peers. Vietnam spends more on schools than most countries at a similar level of development, and focuses on the basics: boosting enrolment and training teachers. The investment is pivotal to making the most of trade opportunities. Factories may be more automated, but the machines still need operators. Workers must be literate, numerate and able to handle complex instructions. Vietnam is producing the right skills. Thailand, Indonesia and Malaysia lag behind, despite being wealthier.
    2. Most obviously, openness to the global economy pays off. Vietnam is lucky to be sitting on China’s doorstep as companies hunt for low-cost alternatives. But others in South-East Asia, equally well positioned, have done less. Vietnam dramatically simplified its trade rules in the 1990s. Trade now accounts for roughly 150% of GDP, more than any other country at its income level. The government barred officials from forcing foreigners to buy inputs domestically. Contrast that with local-content rules in Indonesia. Foreign firms have flocked to Vietnam and make about two-thirds of Vietnamese exports.
    3. Allied to openness is flexibility. The government has encouraged competition among its 63 provinces. Ho Chi Minh City has forged ahead with industrial parks, Danang has gone high-tech and the north is scooping up manufacturers as they exit China. The result is a diversified economy able to withstand shocks, including a property bust in 2011.
  14. Jan 2018
  15. Nov 2017
    1. To harmonize & promote the interests of agriculture, manufactures & commerce and by well informed views of political economy to give a free scope to the public industry.

      Throughout this report, we see a lot of Thomas Jefferson’s influence. This excerpt is interesting because in the early republic, Jefferson supported an economy dependent on agriculture over a mixed economy. Jefferson believed that an agriculture-dependent economy would mean more land owners, and therefore more voters. According to him, this would create a stronger democracy. He feared that a mixed economy (agriculture and manufacturing) would lead to a more unequal distribution of wealth and create low qualities of life for factory workers. However, by the year this report was written, the US was already starting to industrialize. At this time, Jefferson was looking to “harmonize” the interests of agriculture and manufacturing, which shows that he accepted the way the US economy was heading although it differed from the way he hoped it would.

  16. Oct 2017
    1. People with scientific training are adopting these practices as well, either by offering services on sites such as Upwork or finding projects through their previous academic networks.
    1. the slow collapse of public health and education, resurgent child poverty, the epidemic of loneliness, the collapse of ecosystems

      It is the same as what we learnt before from British economy history. Under the rule of Mrs. Thatcher, through the destruction of labor movement and opening foreign competition to weak the forces of global trade. Inducing the heavy industry system, the large state-owned enterprises carry out radical privatization reform and other measures to complete the transformation of economic structure, So that the British from a traditional heavy industrial countries, into a service-oriented emerging economies. Mrs. Thatcher has focused on weakening public spending such as education, health care and social welfare, and she claims to "turn Britain from a society of interdependence to a self-sustaining society." Under her leadership, Britain has gradually become a country with relatively cheap labor and flexible labor. However, as it shows today, British people are facing an unreasonable high retirement age and suffering from dramatic social classes gap.

    1. The most lucrative and influential government positions involved tax collection.
    2. mong other things, guild regulations set up different rates of taxation and quotas for the distribution of raw materials and jobs among members.5
    3. Most people were employed in manufacturing or the retail trade, largely in the areas of food, clothing, and construction, in which the bulk of demand was concentrated

      Most people were employed in manufacturing or the retail trade, largely in the areas of food, clothing, and

      construction, in which the bulk of demand was concentrated

  17. Sep 2017
    1. Botany

      It makes sense that botany was one of the original "branches of learning" offered at UVA, as it reflects the state's history as a primarily agricultural society. Thomas Jefferson is quoted as having told George Washington, "Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness." . Jefferson held strong beliefs in the importance of an agrarian economy. UVA now offers biology and environmental science classes in the place of botany, which reflects Virginia's evolution to an industrialized state.

  18. Jul 2017
    1. Industries usually measure economic impact by approximating a dollar value to represent their purchasing power.The oil and gas industry measures economic impact by counting active rigs. A drilling rig requires many oilfield support services to drill a well. And after the well is complete, other oilfield services go to work to bring the well into production and to maintain it.

      One of the primary activities of the Canadian Association of Oilwell Drilling Contractors seems to be in counting oil rigs, a a measure of economic impact.

    1. Vietnam, therefore, stands at a consequential juncture. If it can pull up its GDP growth to the peak rates of 9% or thereabouts, then it can realistically aim to become an industrialized nation within a generation – with income levels equaling those of Korea today. On the other hand, if it continues on recent-year growth rates of just over 5 percent, then that will take its average income to levels slightly above those of Thailand, Brazil or Egypt today.
    2. Vietnam’s long-term growth performance: A comparative perspective
    1. Vietnam’s trade resilience to the country’s success in diversifying its exports towards electronics and garment manufacturing.Apart from the types of goods produced, Vietnam also has diversification in terms of export markets, said Mr Glenn Maguire, ANZ’s chief economist for Asia-Pacific.
    2. This means that undiversified commodity exporters are bearing the brunt of the regional trade and growth slowdown such as Indonesia and Malaysia
  19. Jun 2017
  20. May 2017
  21. Apr 2017
    1. Of course, if you want to put a positive spin on this kind of work, you can call it flexible, decentralized micro-entrepreneurship. But pan out, and it looks more like feudalism, with thousands of small subsistence farmers paying tribute to a baron that grants them access to land they don’t own.
  22. Mar 2017
    1. 沒有看到許委員的『數位經濟基本法』原始草案全文。在討論過程中有一些問題,例如數位經濟的基本定義;對資料產業沒有處理,以至於詹先生對國家保存資料的想像可能低估技術、行政程序,導致不恰當地反映在資料保存相關條文等處,不曉得是否有修正與否。

    1. Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, launched a new webpage dedicated to tracking President Trump’s destructive actions against consumers, investors, and the economy.

    1. The native economy refuses to die

      Way before white men ventured into the Arctic, the indigenous people had a perfectly functioning economy of their own. They did not need wages or paper money to do business. They relied on what the environment around them provided, working for food and trading furs. In the 1920s, when scientists and researchers began coming north it led to the introduction of reindeer husbandry as a way to feed the influx of people. This “did not work well with Inuit herders on the north slope, since their labors supported people who did far less work, but still paid through shares of meat and hides” (82). There was a divide between the reindeer community and the genuine Inuit which caused major strife in the economy. Many Inuit “pointed to fur trapping as offering more fulfillment and dignity [than herding reindeer], even though it required similar commitments of labor and time…The private fur trade thus remained an escape from state-sponsored colonialism” (82). However, despite their best efforts to stay true to their native economy, in the 1940s, “herding and harvesting reindeer appeared as more stable than animal life cycles and the global fur trade” (84). But this is not the farthest extent to which southerners took over the land and economy of the Arctic. “Even if Inuit did not imagine themselves within the world being created by southerners, they could hardly avoid participating in it. While the United States and Canada established an Arctic oil economy, the world Inuit had built deteriorated. In the 1950s, fur-bearing creatures became harder to find, markets for fur evaporated, and the Hudson’s Bay Company converted its Arctic fur posts from fur trade centers to retail outlets. For both outsiders and Inuit, the 1950s were a turning point, when the machines and methods of colonialism became the vehicles of cultural survival” (91). There was no longer a market that could support a lifestyle of only hunting and trapping. The indigenous people had to leave that way of life behind and take up wage jobs in the industrial system.

      Annotation drawn from Stuhl, Andrew. Unfreezing the Arctic: Science, Colonialism, and the Transformation of Inuit Lands. Chicago: The University of Chicago Press, 2016.

  23. Dec 2016
    1. The share of state-owned and state-controlled companies contributing to gross national product increased from 35 percent in the early 2000s to 70 percent now.

      Did not know Putin has substantially re-socialized the Russian economy.

    1. Last year, we saw the worst performance of the global economy since 2009 and the consequential slackening of our external trade

      Because HKD is pegged with USD, and the strong dollar weakened the competitiveness of HK goods and services.

    1. On the thinking of Trump supporters, particularly in Louisiana. Similar to what I've read elsewhere, they tend to view wealth as a virtue. Those who still belong to the vanishing middle class look down on "big-government handouts". But those in the struggling working class are willing to accept needed assistance -- as long as it is only going to "real Americans".

  24. Sep 2016
    1. the automatic collection of students’ data through interactions with educational technologies as a part of their established and expected learning experiences raises new questions about the timing and content of student consent that were not relevant when such data collection required special procedures that extended beyond students’ regular educational experiences of students

      Useful reminder. Sounds a bit like “now that we have easier access to data, we have to be particularly careful”. Probably not the first reflex of most researchers before they start sending forms to their IRBs. Important for this to be explicitly designated as a concern, in IRBs.

    1. frame the purposes and value of education in purely economic terms

      Sign of the times? One part is about economics as the discipline of decision-making. Economists often claim that their work is about any risk/benefit analysis and isn’t purely about money. But the whole thing is still about “resources” or “exchange value”, in one way or another. So, it could be undue influence from this way of thinking. A second part is that, as this piece made clear at the onset, “education is big business”. In some ways, “education” is mostly a term for a sector or market. Schooling, Higher Education, Teaching, and Learning are all related. Corporate training may not belong to the same sector even though many of the aforementioned EdTech players bet big on this. So there’s a logic to focus on the money involved in “education”. Has little to do with learning experiences, but it’s an entrenched system.

      Finally, there’s something about efficiency, regardless of effectiveness. It’s somewhat related to economics, but it’s often at a much shallower level. The kind of “your tax dollars at work” thinking which is so common in the United States. “It’s the economy, silly!”

    1. the use of data in scholarly research about student learning; the use of data in systems like the admissions process or predictive-analytics programs that colleges use to spot students who should be referred to an academic counselor; and the ways colleges should treat nontraditional transcript data, alternative credentials, and other forms of documentation about students’ activities, such as badges, that recognize them for nonacademic skills.

      Useful breakdown. Research, predictive models, and recognition are quite distinct from one another and the approaches to data that they imply are quite different. In a way, the “personalized learning” model at the core of the second topic is close to the Big Data attitude (collect all the things and sense will come through eventually) with corresponding ethical problems. Through projects vary greatly, research has a much more solid base in both ethics and epistemology than the kind of Big Data approach used by technocentric outlets. The part about recognition, though, opens the most interesting door. Microcredentials and badges are a part of a broader picture. The data shared in those cases need not be so comprehensive and learners have a lot of agency in the matter. In fact, when then-Ashoka Charles Tsai interviewed Mozilla executive director Mark Surman about badges, the message was quite clear: badges are a way to rethink education as a learner-driven “create your own path” adventure. The contrast between the three models reveals a lot. From the abstract world of research, to the top-down models of Minority Report-style predictive educating, all the way to a form of heutagogy. Lots to chew on.

  25. Aug 2016
    1. For Democrats, with their coalition increasingly split along class lines, this is looking more and more like the one issue that can keep the party coalition together

      Are the class lines smooth? This statement seems insufficient to describe complexity of the split.

  26. Jul 2016
    1. Within the workings of the informal economy bullying and violence is rife. The harshness of these conditions, and the sword of damocles of deportation, is precisely why this labour is so cheap, and so many businesses opt for it. Bullying makes workers subservient, and scares them away from industrial organising (although there are now amazing unions now fighting for workers in these sectors - the IWGB, IWW, and UVW.) It is not just those businesses that do well out of this exploitation. It makes things cheaper for everyone, and oils the cogs of the whole economy. Many people are happy to reap this work’s benefits without ever taking responsibility for the suffering it causes. 
    1. Uber is synonymous with its “surge pricing” policy—when cars are scarce and rides in high demand, users are warned that the cost of a ride may be much higher than normal. It’s then up to them whether to pay the premium or find another way to get where they’re going.
    1. The showdown in Austin highlights a paradox for cities and citizens as peer-to-peer platforms like Uber and Lyft extend their operations. Their wide-reaching outreach campaigns mimic the style of local politics, waging attacks and appealing to and seeking our support as “constituents.” But in practice, their actions don’t necessarily represent our best interests.
    1. The locals refer to Tepito as the Barrio Bravo, the fierce neighborhood, for its reputation of criminality involving counterfeit goods, robbery, and drug selling.
    1. Luca and his colleagues found requests with African American sounding names were roughly 16 percent less likely to be accepted than their white-sounding counterparts. They found discrimination across the board: among cheap listings and expensive listings, in diverse neighborhoods and homogenous neighborhoods, and with novice hosts as well as experienced hosts. They also found that black hosts were also less likely to accept requests from guests with African American-sounding names than with white-sounding ones.
  27. Apr 2016
    1. The term ‘Middle Ring’ was coined by Marc Dunkelman in his excellent 2014 book on the evolution, or should I say the de-evolution of the American neighborhood, “The Vanishing Neighbor.” In his book Dunkelman introduces the concept of the Middle Ring. The Middle Ring is what Dunkelman calls our neighborly relationships. This is in contrast to the inner-ring of family and close friends, and the ever-expanding outer-ring relationships fostered by the digital age and social media.
    2. My goal is to create a pragmatic road to societal change through direct civic involvement using the efforts of local businesses and their customers as the conduit for volunteerism. The Norwegian have a word for this, Gugnad: “Unpaid voluntary, orchestrated community work.” I call this Community 3.0.  A year later I’m thirteen posts in with about ten left. This post, catalyzed by the Walmart closures, kind of serves as recap of the first two sections.
    1. By valuing capital gains above all others, we end up extracting the value of our marketplaces and rendering them incapable of generating economic activity. As a Deloitte study showed, corporate profits over net worth have been decreasing for 75 years. Corporations are great at accumulating capital, but terrible at deploying it. They vacuum the money off the playing field altogether, impoverishing the markets and consumers–not to mention the employees–on whom they ultimately depend.
  28. Mar 2016
    1. Since the mid 1960s and the explosion of electronics, telephony, and the computer chip, corporate profit over net worth has been declining. This doesn’t mean that corporations have stopped making money. Profits in many sectors are still going up. But the most apparently successful companies are also sitting on more cash — real and borrowed — than ever before. Corporations have been great at extracting money from all corners of the world, but they don’t really have great ways of spending or investing it. The cash does nothing but collect.
    1. I'm talking about optimizing the economy for the velocity of money rather than for the conversion of money into capital. It's going from a growth model to a flow model. Why are we, for instance, taxing capital gains at almost nothing but taxing dividends and earnings so high? That's a tax policy that is meant to favor the extraction of capital and to punish the exchange of things.
    1. vulgar monetary gain...

      I think it is more in terms of "vulgar prestige gain" and how we extract value by promoting a cult of personality around community leaders which in turn increases the prestige value. Reminds me of corporations buying back their own stock in order to concentrate wealth in the hands of stockholders aka executives with stock options. Employees could be paid better wages and in turn could fuel the economy by buying more, but that is not how it works because it does not benefit those who own the capital.

    1. In 2007, there was no difference in reported average stress levels between those who earned more and those who earned less than $50,000, with both groups reporting the same average levels of stress (6.2 on a 10-point scale). By 2014, a clear gap had emerged with those living in lower-income households reporting higher overall stress levels than those living in higher-income households (5.2 vs. 4.7 on the 10-point scale).

      Seems as if the shape the economy is in plays a factor in stress levels between lower class and upper class people otherwise lower class is usually more stressed about money. I can incorporate this into my paper by using demonstrations of families (adults) that have stress compared to other's that don't feel as much.

  29. Feb 2016
    1. It’s not just in America that this practice is increasing. In Europe, it’s called the “zero hour” job — you’re promised work, but guaranteed nothing. And these contracts have been causing controversy in Britain ever since the financial crisis, which saw a dramatic rise in the number of just-in-time jobs as employers offloaded their risks onto the workforce. Today, almost 2 million jobs in the U.K. are now on-call. In some cases, workers are denied the benefits of full-time employees, or are prevented from finding other paying gigs without the permission of their employer — even if that employer cancels all of their shifts.
  30. Jan 2016
    1. Chelsea Rustrum

      The term "sharing economy" was stolen a few years ago, by firms that aren't sharing anything.

      The technology of these platforms is not expensive to build. Meanwhile, these companies have skyrocketing valuations (exceeding even the growth trajectory of Facebook) because they are absorbing value from the people actually creating and providing the value.

      Everyone on the Internet is being exploited without noticing.

      "Our personal data is not unlike labor -- you don’t lose by giving it away, but if you don’t get anything back you’re not receiving what you deserve. Information ... is inherently valuable."

      An economy where workers get fair exchange for the value they produce is possible. Rustrum points out these means:

      • Cooperatives. In particular, platform coops
      • ESOP, employee stock ownership plans
      • Crowd funding
      • Blockchain - digital peer-to-peer secure transactions
    1. A “sharing economy,” by definition, is lateral in structure. It is a peer-to-peer economy. But Uber, as its name suggests, is hierarchical in structure. It monitors and controls its drivers, demanding that they purchase services from it while guiding their movements and determining their level of earnings. And its pricing mechanisms impose unpredictable costs on its customers, extracting greater amounts whenever the data suggests customers can be compelled to pay them.This is a top-down economy, not a “shared” one.

      The true sharing economy is about things like sharing unused tools and resources, community property, and combining purchasing power. (People should not say "there is no such thing" when pointing out that Uber, Lyft, and Airbnb are not examples.)

  31. Dec 2015
    1. Users publish coursework, build portfolios or tinker with personal projects, for example.

      Useful examples. Could imagine something like Wikity, FedWiki, or other forms of content federation to work through this in a much-needed upgrade from the “Personal Home Pages” of the early Web. Do see some connections to Sandstorm and the new WordPress interface (which, despite being targeted at WordPress.com users, also works on self-hosted WordPress installs). Some of it could also be about the longstanding dream of “keeping our content” in social media. Yes, as in the reverse from Facebook. Multiple solutions exist to do exports and backups. But it can be so much more than that and it’s so much more important in educational contexts.

    1. The thing about right-wing populism is that it’s manifestly self-defeating: those who stand to primarily benefit from this ideology are the wealthy, which is why they so willingly underwrite it. It might, in fact, more accurately be called "sucker populism."

      This accelerated hard with Ronald Reagan. The theory that lower taxes and deregulation will be good for everyone sounds sensible. But the wealthy don't care about the common welfare. They only care about amassing more wealth and power.

  32. Nov 2015
    1. BitSource would like to hire a second class of coders at the beginning of the new year. He, Parrish, and Hall want to fill up their buildings, create an incubator for entrepreneurs, a makerspace for craftsmen, and, someday, if they play their cards incredibly well, a bonafide Pikeville tech scene. You know, make Bloomberg in his smart suit eat crow for once.

      https://www.bitsourceky.com/ https://twitter.com/bitsourceky BitSource - agile software and web development. Pikeville, Kentucky Founders Rusty Justice and M. Lynn Parrish

    2. Outsiders have never gotten Appalachia — or else, they get the version they want: the one with the meth and Mountain Dew mouth, the incest, the painkillers, the welfare, all captured by journalists parachuting in for their regular dose of poverty porn. They find the toothless guy, the trailers with shotguns racked up on the wall and the yard strewn with diapers and beer cans, and they film some dude saying weird shit in a backcountry accent that needs subtitles to comprehend, they give it an ominous title like “A Hidden America: Children of the Mountains,” and they leave. You bet people here have a chip on their shoulder. It’s not that stuff like that doesn’t exist—but if the world always insisted on zooming in on your warts, you’d be resentful, too.
    1. Infrastructures, for Collier, are amixture of political rationality, administrative techniques, and material systems, and his interest isnot in infrastructure per se but in what it tells us about practices of government. Soviet electricityprovision, through this lens, is analyzed for how it reveals a system of total planning in a commandeconomy rather than for what it tells us about the effects of electricity on users in Russia.

      It's never really about what is in front of us when it comes to politics.. there is always more to it.. His theory is a tool we could study to learn about a country/society's government by looking at the infrastructure they've created.

    1. In a sense, employers and employees used to be married to each other, and there was a sense of commitment and a joined destiny. Now, employers just want a bunch of one-night stands with their employees, a promiscuousness that promises to be not only fleeting but destabilizing to the broader macroeconomy. Set to replace the crumbling New Deal society is a darker world in which wealthy and powerful economic elite are collaborating with their political cronies to erect the policy edifice that allows them to mold their proprietary workforce into one composed of a disjointed collection of 1099 employees.
  33. Oct 2015
    1. Adam Smith, the great economist, when he was thinking about what makes forcivil, kind, cooperative societies, said that gratitude is really the glue that ties peopletogether. If you move forward a couple of centuries we encounter Trivers, the greatevolutionary thinker who was making the case that altruism and sharing and generosity ofthe reciprocal kind that takes place between two individuals is really driven by feelingsof gratitude, of having a sense that other people are giving to you
  34. Sep 2015
    1. Business, Economy Standard & Poor’s Lowers Ratings for Five Peru Banks September 14, 2015 2:07 pm·0 commentsViews: 118 Standard & Poor’s lowered its rating for five Peruvian banks, which points towards a more difficult economic environment for the Andean nation,

      The agency gave lowered the rating from BBB to BBB- for Banco de Credito del Peru, the country’s largest bank, as well as Banco Interamericano de Finanzas (BanBif), BBVA Banco Continental, MiBanco and Interbank, according to Gestion.

      Standard & Poor’s gave a stable outlook for BCP, BBVA, MiBanco and Interbank, while it gave a negative outlook for BanBif.

      “This lower note reflects our opinion of greater economic risks for banks that operate in Peru, which ratifies our perspective on the growth of Peru,” Standard & Poor’s said. “We believe that the trajectory of the country won’t be consistently above its peers with a similar economic development.”

      The agency’s decision follows months of weak growth in Peru, although there are also signs of an economic recovery going into the second half of 2015, thanks to increased mineral production and the start of construction on infrastructure projects. In July, Peru’s copper production rose almost 30% compared to the same month in 2014, according to the Mines and Energy Ministry. Copper is Peru’s top export.

      Late last month, Standard & Poor’s reaffirmed its long-term foreign currency rating for Peru at BBB+ and its long-term local currency rating of A-, with stable outlooks.

      The agency said in a statement that it was expecting Peru’s economic growth to expand on average at 3.7% per year from 2015 to 2018, which is still robust compared to many countries but far slower than the previous decade when annual growth was about 6%.

      “The stable outlook reflects our view that Peru remains well placed to conduct some countercyclical policy and can manage a widening of its current account deficit and some increase in external debt despite potential local and global market volatility ahead of the 2016 presidential elections and a more challenging global backdrop,” the agency said.

      Finance Minister in New York to appeal to MSCI

      Meanwhile, Peru’s Finance minister, Alonso Segura, is in New York today to convince Morgan Stanley’s Capital International division, MSCI, to reconsider its downgrading of the Lima Stock Exchange from Emerging to Frontier.

      Segura is in New York with the chairman of the Central Bank, Julio Velarde, as well as Lilian Rocca, superinendent of the stock market; Christian Laub, president of the Lima Stock Exchange; and Francis Stenning, president of Cavali, the securities and settlements registry.

  35. www.minneapolisfed.org www.minneapolisfed.org
    1. monetary economies can be viewed as merely large interlocking networks of gifts
  36. Apr 2015
    1. There are several other important considerations related to LEB. First, there is a risk of capture of legislation by the domestic industry. Once an inefficient industry comes to rely on LEB for survival, the Ukrainian parliament might find it difficult to rescind the ban in the future. Second, LEB and other similar measures underscore that the Ukrainian parliament finds it acceptable to intervene in functioning of the markets based on empirically dubious rationale. The parliament substitutes the market by deciding how resources should be allocated. In doing so, the parliament teaches the businesses and the industry that they should compete through lobbying in the parliament, financial and informational, rather than through innovation and efficiency improvement in the market place.
  37. Mar 2015
    1. You can expect to pay 50 cents a day. Or try DIY. This is where you will own your content.

      Rent to own?

      There is no ownership while we rent.

      We either own or increase our freedom of movement in and out of rental environments...or both.

  38. Feb 2014
    1. Fisher outlines three trends : (1) the increasing number of citizens owning , or employed by owners of , intellectual property; (2) the United States’ economic position as an increasingly net exporter of intellectual property; and (3) the increasing investment companies have made in intellectual property in terms of research, development, brand - establishment, etc. (1999, Sect. II. A.).
      • increasing number of owners of intellectual property

      • strong economic position including exports of intellectual property

      • increase in investments by companies in intellectual property

    2. Ladas and Parry note that patent law originated in a manufacturing economy when patents were beginning to acquire new importance , and that patents have increased in popularity along with the rise of the economy (2009, n. pag.)