1:23:52 What does Donut Economics look like in Marlborough Neighbourhood?

32:59 Joan Robinson, we study economics so as not to be fooled by economists

6:48 Federal Government Issues Currency

for - comparison - doughnut economics - vs - safe and just earth system boundaries

https://x.com/Chronotope/status/1828785701732663335

Crypto miners are being paid not to mine to ease energy production/consumption cycles.

Related to protection money for the mob

re: https://x.com/curious_founder/status/1828511303788322888/photo/1 on The Economist's article about crypto mining in Texas o/a 2024-08-27

https://en.wikipedia.org/wiki/Satisficing

https://en.wikipedia.org/wiki/Matthew_effect

The Matthew effect of accumulated advantage, sometimes called the Matthew principle, is the tendency of individuals to accrue social or economic success in proportion to their initial level of popularity, friends, and wealth. It is sometimes summarized by the adage or platitude "the rich get richer and the poor get poorer". The term was coined by sociologists Robert K. Merton and Harriet Zuckerman in 1968 and takes its name from the Parable of the Talents in the biblical Gospel of Matthew.

related somehow to the [[Lindy effect]]?

quote likely from Incontro con la Olivetti (Giorgio Ferroni, 1950) via the Archivio Nazionale Cinema Impresa

via https://www.reddit.com/r/typewriters/comments/1e5gz0i/in_me_non_c%C3%A8_che_futuro/

What besides work in behavioral economics has focused on the humanist side of the sciences as a means of helping humanity beyond the basic black and white?

How to create a "religion of science" which helps to displace the psychological problems, theological hate, etc?

for - question - decoupling economics from physical resources- degrowth?

question - decoupling economics from physical resources- degrowth? - The author seems to be talking about continuing an economy with - less and less reliance on physically intensive activities, hence significantly reducing our carbon and physical resource intensity

In zwei US-Bundesstaaten haben NGOs verhindert, das Kohlekraftwerksbetreiber ihre Verluste auf ihre Kundinnen abwälzen. Die Argumentation, es stünden billigere erneuerbare Energiequellen zur Verfügung, wurde von dem Regulatoren akzeptiert. Kohlekraftwerke sind für mehr als 50% der energiebedingten Emissionen der USA verantwortlich, produzieren aber nur 20% des Stroms. Die Abwälzung ihrer Mehrkosten auf Kunden erschwert die Durchsetzung von Windenergie am Markt.. https://www.nytimes.com/2024/05/31/climate/electricity-from-coal-is-pricey-should-consumers-have-to-pay.html

Dem Global Energy Monitor zufolge sollen in den kommenden Jahren 1,5 Billionen Dollar in LNG Terminals und Pipelines investiert werden. 20% dieser Summe sind für Europa geplant und hier wiederum ein großer Teil für Anlagen in Griechenland. Die USA lobbyieren in Mittel- und Südosteuropa intensiv, um ihr LNG dort zu verkaufen. Der subventionierte Aufbau von Gasinfrastruktur übersteigt den europäischen Bedarf bei weitem. Reportage in der New York Times zum Gasboom in Griechenland. https://www.nytimes.com/2024/05/31/climate/greece-europe-natural-gas-lng.html

note here, again, the idea of culture as "capital":

culture can make you better than other people

some of the cultural democratization at that time presumed free time as well as conscious choice to make the effort... what about those who have patience for neither?

what about the economic choices to participate or not?

How is he defining the idea of "democratic" here and throughout the piece?

I find it interesting that in common parlance there's a subtle (hidden?) meaning of "individual ownership over" which ties in with "the commons".

for - economics for a dying planet

https://www.theguardian.com/us-news/2023/jul/16/big-oil-climate-pledges-extreme-heat-fossil-fuel

Mit 13 Millionen Barrel täglich haben die USA 2023 so viel Öl gefördert wie nie zuvor. Vor allem der Preisanstieg nach der Invasion der Ukrain 2022 trieb die Produktion weiter nach oben. Durch die Förderung der Ölproduktion und dadurch niedigrige Benzinpreise versucht die Biden-Administration offenbar, Wechselwähler auf ihre Seite zu ziehen. https://web.archive.org/web/20240109100359/https://www.tagesschau.de/ausland/amerika/oelbohrungen-arktis-usa-100.html

More data = More accurate results

Americans can't stop 'spaving' — here’s how to avoid this financial trap by [[Jessica Dickler]] for CNBC

Amy Westervelt und Kyle Pope fassen kurz und treffend die wichtigsten Desinformationstaktiken der Fossilindustrie zusammen: - Fossilindustrie als Garantin der Energiesicherheit - Gegensatz von Wirtschaft und Umwelt - Verbraucher:innen brauchen fossile Energien für ihren Lebensstandard - Fossilindustrien sind Teil der Lösung, nicht des Problems - Fossilindustrien als Wohltäterinnen und Sponsorinnen.

https://www.theguardian.com/us-news/2024/apr/14/climate-disinformation-explainer

https://christmas.musetechnical.com/

Catalogs & Wishbooks from Sears, Montgomery Ward, and JC Penny

Like Cuckoos, Capitalism Had to Push All Other Ways of Living Out of the Nest<br /> https://app.thebrain.com/brain/3d80058c-14d8-5361-0b61-a061f89baf87/9aeb5260-87fb-4f0d-94ae-b2656c9d84bb

Die Abhängigkeit Europas von russischem Pipelinegas ist in zwei Jahren von 40% auf 10% gesunken. Die Importe von LNG haben um 40% zugenommen, wobei auch da ein erheblicher Anteil aus Russland stammt. Die USA sind der weltgrößte LNG-Exporteur. Mit großer Wahrscheinlichkeit werden bei LNG Überkapazitäten aufgebaut. In Österreich ist die Abhängigkeit von russischem Gas noch immer hoch, weil rein betriebswirtschaftlich entscheiden wird. Die OMV war 2023 verpflichtet, Gas für gut 60 TWh aus Russland zu beziehen und jedenfalls zu bezahlen. https://www.derstandard.at/story/3000000206989/warum-der-abschied-von-russischem-gas-noch-immer-so-schwer-faellt

Al Franken's "Supply Side Jesus" comic - animated

relationship of this area of law with respect to debt and David Graeber's Debt theses?

https://www.npr.org/transcripts/1197958200

rel-alternate: https://www.npr.org/2024/02/09/1197958200/heart-balm-cheating-infidelity-sue

Die fünf größten westlichen Ölgesellschaften haben seit der Invasion der gesamten Ukraine vor zwei Jahren insgesamt 281 Milliarden Dollar Gewinn gemacht. Sie zahlen damit Rekord-Dividenden an ihre Investoren und investieren gleichzeitig enorme Summen in die weitere fossile Expansion. Shell fährt sein Programm zur Entwicklung erneuerbarer Energien zurück und hat die Selbstverpflichtung aufgegeben, die Ölproduktion jährlich zu reduzieren.https://www.theguardian.com/business/2024/feb/19/worlds-largest-oil-companies-have-made-281bn-profit-since-invasion-of-ukraine

This post discusses the arguments for and against equal pay for equal work, highlighting the potential chaos and disadvantages of implementing such a system. The author emphasizes the importance of education and skill acquisition in increasing earnings and suggests creating transparency in pay to motivate individuals to improve their skills.

• Who: The author (Just A Gamer).
• What: Exploring the arguments for and against equal pay for equal work.
• Why: To discuss the potential benefits and drawbacks of implementing equal pay.
• How: The author presents their personal opinion against equal pay, highlighting reasons such as potential laziness, impact on company systems, and reduced incentives for talent and skill acquisition. They also suggest creating awareness about education and skill acquisition and promoting transparency in pay as potential solutions.

Die großen Firmen der Fossilindustrie haben 2023 Selbstverpflichtungen zur Dekarbonisierung zurückgenommen. Im wärmsten Jahr der aufgezeichneten Geschichte haben sie an der Perfektionierung ihrer fossilen Geschäftsmodelle und an an einer weiteren Steigerung der Förderung von Öl und Gas gearbeitet. Überblicksartikel im Guardian. https://www.theguardian.com/us-news/2024/jan/03/2023-hottest-year-on-record-fossil-fuel-climate-crisis

https://pantryandlarder.com/mccheapest

https://en.wikipedia.org/wiki/Hawala

https://www.amazon.com/Great-Transformation-Political-Economic-Origins/dp/080705643X

Polanyi, Karl. The Great Transformation: The Political and Economic Origins of Our Time. 2nd ed. Boston, MA: Beacon Press, 2001.

• for: recommendation - replace SDG with downscaled earth system boundaries / doughnut economics

• recommendation

  • recommend syncing local actions to global impacts via downscaled earth system boundaries instead of just SDGs due to the urgent nature of the climate crisis

• for: good match - SONEC - TPF, good match - SONEC - downscaled earth system boundaries, good match - SONEC - doughnut economics

Jogerst, Karen. If I Could Just Get Organized: Home Management Hope for Pilers & Filers. Manhattan, MT: Rubies Publishing, 1999. http://archive.org/details/ificouldjustgeto0000joge.

The author is a "piler" and patently not a "filer", so she's definitely going to be anti-card index based here.

Small publishing company. Definite religious slant to the discussion.

Only worth a quick scan.

• for: futures - neo-Venetian crypto-networks, Global Chinese Commons, GCC, cosmolocal, coordiNation, somewheres, everywheres, nowheres, Global System One, Global System Two, Global System Three, contributory accounting, fourth sector, protocol cooperative, mutual coordination economics

• summary

• learned something new
  • I learned a number of new ideas from reading Michel's article. He gives a brief meta-history of our political-socio-economic system, using Peter Pogany's framework of Global System One, Two and Three and within this argues for why a marriage of blockchain systems and cosmolocal production systems could create a "fourth sector" for the transition to Global System Three.
  • He cites evidence of existing trends already pointing in this direction, drawing from his research in P2P Foundation

• for: GS3, Global System Three transition, mutual coordination economics

• paraphrase

  • GS3 will be more difficult than GS2
  • social contract needs to be updated to include
    • new relation with nature and non-human beings
    • stronger multilateral relasionships to protect the planet
  • In Michel's view, a cosmolocal coordination will be required
  • The alternative is coercive eco-fascism to prevent massive ecological damage while we continue to overconsume planetary resources
  • definition: mutual coordination economics
    • an economic system that maximizes freedom of choice within earth system boundaries with minimal coercion
    • it is a new synthesis of markets, states and commons via decentralized p2p networks

Since prices are high due and availability is low, their Keynesian solution is to flood the market with free money, which will cause even more demand, less availability, and even higher prices. Basic economics.

https://en.wikipedia.org/wiki/Boots_theory

“The Sam Vimes "Boots" Theory of Economic Injustice runs thus:<br /> At the time of Men at Arms, Samuel Vimes earned thirty-eight dollars a month as a Captain of the Watch, plus allowances. A really good pair of leather boots, the sort that would last years and years, cost fifty dollars. This was beyond his pocket and the most he could hope for was an affordable pair of boots costing ten dollars, which might with luck last a year or so before he would need to resort to makeshift cardboard insoles so as to prolong the moment of shelling out another ten dollars.<br /> Therefore over a period of ten years, he might have paid out a hundred dollars on boots, twice as much as the man who could afford fifty dollars up front ten years before. And he would still have wet feet.<br /> Without any special rancour, Vimes stretched this theory to explain why Sybil Ramkin lived twice as comfortably as he did by spending about half as much every month.”<br /> ― Terry Pratchett, Men at Arms (1993)

Graeber, David. Debt: The First 5,000 Years. Updated and Expanded. 2011. Reprint, Brooklyn, NY: Melville House Publishing, 2021. https://amzn.to/3MPHKaZ.

https://davidharvey.org/

This is provably wrong. 1. Less power-hungry chips are in high demand thanks to mobile computing. 2. Manufacturers keep touting how much less power they consume. 3. Greater power costs greater money. So the incentives are aligned.

China spends more importing semiconductors than on importing oil? really?

This is from Peter Wennink, CEO of ASML

https://en.wikipedia.org/wiki/Jevons_paradox

The increased efficiency in the use of a resource doesn't imply a decrease in the usage of that resource, but rather may cause in incommensurate increase in use because of decrease in cost.

The increased efficiency of the use of a resource may act as a catalyst for increasing usage.

Doughnut Design for Business

https://en.wikipedia.org/wiki/Greater_fool_theory

A bulk of America was stuck in a form of economic slavery in the 1950s. See description of rural Texans in Robert Caro's LBJ biography for additional context --- washing/scrubbing, carrying water, farming, etc. without electricity in comparison to their fellow Americans who did have it.

In the 21st century there is a different form of economic slavery imposed by working to live and a culture of consumption and living on overextended credit.

Consider also the comedic story of the capitalist and the rural fisherman and the ways they chose to live their lives.

Groene Hub - Zuidoost tekenen doughtnut deal in April 2022

• for: adjacency - urban decay, suburbs, history- suburbs, history - car culture, urban decay - economics

• paraphrase

  • as the suburbs expanded they need more and more roads highways Bridges infrastructure to stay afloat
  • but because the nature of the suburb is spread out single-family housing as opposed to the densely packed City Apartment dwelling the suburbs have too few people to be able to fund this infrastructure
  • subsequently, they so they have to keep expanding in order to fund themselves and even then they still can't fund themselves
  • so they often rely on tax dollars from City dwellers to subsidize their Suburban excesses
  • who lives in the cities because of white flight ?... people of color

  • when it comes to housing, people of color have been screwed over in literally every way in imaginable

  • so we have this self-perpetuating cycle

    • the growth of suburbs leads to more suburban sprawl
    • this increases the need for cars
    • this leads to the building of more highways and Roads
    • this leads to not enough income to pay for the suburbs
    • this leads to black and brown communities being forced to subsidize Suburban Lifestyles at the expense of the beautification of their own communities leading to the degradation of inner city neighborhoods

• for: doughnut economics, climate change - societal impacts, whole system change - motivation
• question: why transform?
  • answer
    • The word transformation is carefully chosen by John and here he explains why.
    • We face an extreme and growing polycrisis that threatens to overpower our capacity to cope with it unless we act now for whole system transformation.
    • Voices across all of society are becoming more vocal of the need to transform the existing system.
    • This transformation program does not need everyone to participate, just a sufficient but small percentage of the population who are aligned to these ideas.
    • Not everyone believes such transformation is necessary but the R+D project only needs to onboard a small percentage of the population who does believe to change the entire system for the benefit of even the non-believers.
• comment
  • John is implying social tipping points as well as social engineering

Oreskes, Naomi, and Erik M. Conway. The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market. Bloomsbury Publishing, 2023.

• for: music industry - touring economics, concert booking arms race, unsustainable booking
  • the intensity of bookings ( number of artists scheduled to perform per year or per season) is increasing
  • the average booking is becoming more geographically widespread ( more kilometers travelled per artist) with fewer performance dates per region
  • increase in artistic fees and technical requirements force organizers to attract more audiences who come from further away, creating a concert booking arms race

Der Guardian hat Fachleute zu Carbon Capture and Storage (CCS) befragt. Die britische Regierung legitimiert neue Öl- und Gasbohrlizenzen mit gleichzeitigen CCS-Projekten. Einige Experten sind nach ersten Erfahrungen sehr skeptisch, was die grundsätzliche Realisierbarkeit von CCS an vielen Stellen der Erde angeht. CCS werde vor allem zur Dekarbonisierung von Industrien gebraucht werden, die bisher nicht CO₂-frei betrieben werden können, es sei aber keine Rechtfertigung für neue fossile Entwicklungsprojekte. https://www.theguardian.com/environment/2023/aug/01/is-carbon-capture-and-storage-really-a-silver-bullet-for-the-climate-crisis

• for: earth system boundaries, safe and just boundaries, planetary boundaries, doughnut economics, bend the curve
• title Earth System Boundaries for a Just World on a Safe Planet
• source
  • Future Earth, Earth Commission
• date
  • June 2023

Technology is valuable and empowering, but at what end direct cost? Consumers don't have available data for the actual costs of the options they're choosing in many contexts.

What if that reprocessing costs the equivalent of three glasses of waters? Is it worth it for our environment, especially when the direct costs to the "consumer" are hidden into advertising models.

(via Brenna)

https://www.amazon.com/s?k=complexity+exonomics+textbook&crid=2SZP0E6DIIR6J&sprefix=complexity+exonomics+text%2Caps%2C630&ref=nb_sb_noss

While I'm reading Doughnut Economics, it's interesting to contemplate the images on common economics textbooks as an indicator of how the authors/publishers think about the models of the information inside them.

Some broad ideas represented here: - bustling people (consumers) walking over curvy 3D graph grids - greenish abstract cover (representing the green idea of money) - a compass rose (indicating finding one's direction; on a book about managerial economics and business strategy) - a globe of the world with a colorful infographic heat map - a bunch of blue and silver metal balls connected in a network-like configuration - a montage of images of numbers (credit card numbers, numbers on money, a ticker with stock prices, etc.) - a solar panel with blue sky and clouds in the background - blue sky with white fluffy clouds (indicating what, exactly?) - an ipad with an image of a busy street in the 1800s held up as if taking a photo of the same street today - puzzle pieces being put together with an image of people exchanging money at a farmer's market - abstract grid of a map outline of the Americas

In 2019, Carthusian monks went back to their values and decided to scale back their production of Chartreuse.

https://en.wikipedia.org/wiki/The_Skeptical_Environmentalist

tangentially mentioned in the Dan Allosso Book Club 2023-04-29

Raworth, Kate. Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. White River Junction, Vermont: Chelsea Green Publishing, 2017.

If the "whole is greater than the sum of its parts" who benefits from the excess value and how is that economically broken up in a fair manner?

Where are the tools for graphing inter-dependencies of areas of study? When entering a new area it would be interesting to have visual mappings of ideas and thoughts.

If ideas in an area were chunked into atomic ideas, then perhaps either a Markov monkey or a similar actor could find the shortest learning path from a basic idea to more complex ideas.

Example: what is the shortest distance from an understanding of linear algebra to learn and master Lie algebras?

Link to Garden of Forking Paths

Link to tools like Research Rabbit, Open Knowledge Maps and Connected Papers, but for ideas instead of papers, authors, and subject headings.

It has long been useful for us to simplify our thought models for topics like economics to get rid of extraneous ideas to come to basic understandings within such a space. But over time, we need to branch out into related and even distant subjects like mathematics, psychology, engineering, sociology, anthropology, politics, physics, computer science, etc. to be able to delve deeper and come up with more complex and realistic models of thought.Our early ideas like the rational actor within economics are fine and lovely, but we now know from the overlap of psychology and sociology which have given birth to behavioral economics that those mythical rational actors are quaint and never truly existed. To some extent, to move forward as a culture and a society we need to rid ourselves of these quaint ideas to move on to more complex and sophisticated ones.

Kate Raworth's Donut Economics thesis is a step in the direction of reframing economics towards cooperation and creating a self-sustaining world.

Kurzer Artikel zur Einführung in die Ecological Economics.

The $11.8 billion mistake that led to Bed, Bath & Beyond’s demise by Chris Isidore

Share repurchases of $11.8 billion since 2004 may have led to the downfall and ultimate bankruptcy of Bed, Bath, & Beyond.

Based on yesterday's discussion at Dan Allosso's Book Club, we don't include defense spending into the consumer price index for calculating inflation or other market indicators. What other things (communal goods) aren't included into these measures, but which potentially should be to take into account the balance of governmental spending versus individual spending. It seems unfair that individual sectors, particularly those like defense contracting which are capitalistic in nature, but which are living on governmental rent extraction, should be free from the vagaries of inflation?

Throwing them into the basket may create broader stability for the broader system and act as a brake via feedback mechanisms which would push those corporations to work for the broader economic good, particularly when they're taking such a large piece of the overall pie.

Similarly how might we adjust corporate tax rates with respect to the level of inflation to prevent corporate price gouging during times of inflation which seems to be seen in the current 2023 economic climate. Workers have seen some small gains in salary since the pandemic, but inflationary pressures have dramatically eaten into these taking the gains and then some back into corporate coffers. The FED can increase interest rates to effect some change, but this doesn't change corporate price gouging in any way, tax or other policies will be necessary to do this.

Why do we devalue education? Is it such a commodity now that its transmission value is worth pennies on the dollar?

Is Government requirement and support for education part of what causes the devaluation of the "educational market"? If so, how would one decouple this process to increase the wages of educators? Is a capitalistic version the best way to go, or is it better to socialize it further and inject more money into it versus other choices?

Major nationwide strike forming minimum wage with variances for local consumer indices and city/state costs of living? Something which would drive competition for child care and teaching spaces? Wages that would push up the social value of education? Create a market for competition for teachers at the local level as well as between areas?

Link to: https://hypothes.is/a/lV19ytGBEe2ynWMu34UKUg

This depreciation is done at the lowest level of exchange and caused the system to collapse rather quickly. What level is our current exchange done at such that the inequalities are pushed up multiple levels making the system seem more stable? How is instability introduced? How could it be minimized?

Our current system is valued both by time and skill (using the measure of payment per hour).

Compare this with salespeople who are paid on commission rather than on an hourly basis. They are then using their skill of sales ability and balancing time (and levels of chance) to create their outcomes, but at the same time, some of their work is built on the platform that sales management or the company provides. Who builds this and how do they get paid for it? Who provides sales leads? How is this calculated into the system costs?

How do these ideas fit into the Bullshit Jobs thesis?

The labour exchange at Gray's Inn Road which began on September 3, 1832, which was based on Robert Owen's idea in The Crisis (June 1832), eventually collapsed in 1834 as the result of Greshham's Law in which "bad money drives out good." In this case, rather than money the object was the relative value of goods which were exchanged based on Labour notes. Labour notes were used to exchange unsaleable stock in shops for labour notes which were then used to purchase more valuable goods. This caused depreciation of the labor notes ultimately causing the experiment to collapse in 1834.

https://en.wikipedia.org/wiki/Stakhanovite_movement

How much of the 1935 Stakhanovite movement was propaganda vs. reality and how much of it used the ideas of scientific management from the late 1800s/early 1900s?

• Title: Consumption Corridors: Living a Good Life within Sustainable Limits
• This book explores how to enhance peoples’ chances to live a good life in a world of ecological and social limits.

• 21:52 Carbon credits, carbon markets
  • it's a scam designed to perpetuate fossil fuel use, in a phoney war against the climate crisis
  • Offsets were designed to allow polluters to pay others to create schemes that would compensate or "offset" that pollution. The classic example WAS afforestation, the planting of trees that can sequester that carbon.
  • Carbon neutrality comes from this idea that you can keep polluting if you offset it and become "carbon neutral"
  • A company may decarbonize a lot of their supply chain but may struggle to get rid of airflights around the world. In that case, they use offsets. When companies analyze the very difficult choices, they take the easy way out and use carbon offsets
  • However, there is so much offsets for afforestation now that there isn't enough land on earth
  • Carbon markets are a recipe for grifting and fraud or zero impacts
    • https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe
  • This is the current state of offsets

31:00 Shell oil carbon offset greenwashing scam - the sky zero proposal - Shell claims they can offset all the O+G emissions out of the ground - it is preposterous - there's not enough land on earth when you tally up all the carbon offset afforestation schemes

• 32:30 Neo-colonialism

  • rich white man can offset his emissions by buying land from a developing nation. Now the indigenous people cannot use that land for any reason.
  • also, will require huge amount of water to grow those trees
  • we don't have enough land and we don't have 100 years, only 5 years.
  • nature-based solutions are an industrial, myopic approach

• 37:00 Deferred Emission Reduction

  • a lot of carbon credits are called deferred emission reduction credits.
  • this is avoided emissions - ie. trees in a forest with 100 ton of sequestering potential
  • this is promise to not destroy the biosphere any further so it's not removing any existing carbon
  • maybe multiple people might own the same forest, or someone might come along and burn it down
  • Trees are vulnerable to climate impacts - ie. Microsoft bought a large forest in California that later burned down in a climate change intensified wildfire

• 40:00 can we do anything within the extractive capitalist system?

  • some people claim that as long as extractivist capitalism still persists, we cannot have system change
  • also a neocolonialist element - global north exploited the global south to create most of the emissions in the atmospheric commons
  • a number of people are beginning to see that an extractivist capitalist system is not in line with effectively addressing the climate crisis
  • wind, solar, etc has displaced electricity generation in a number of countries like in the UK. However, these are only a few countries.Renewables are helping increase overall energy production

• 44:22: Stop burning fossil fuels

  • t doesn't matter if investments in renewables triple. It won't make a difference if we don't significantly stop burning fossil fuels at the same time.

• 47:00 economic growth prevents real change

  • Insisting on 1, 2 or 3% growth, will limit the response to the climate threat to render it irrelevant
  • Climate change is still mostly an optimization problem. They are more concerned with economic damage.
  • Economists believe that anything that threatens economic growth cannot be accepted

• 51:00 Degrowth making headway

  • Degrowth scholars are getting more attention on the need to decouple economic grwoth from climate policies

• 52:10 Is there a positive future scenario - The role of solidarity

  • Solidarity is the greatest strength we can harness.
  • The success of Doughnut Economics gives me hope
  • The richest 1% must reign in their impacts and redistribute to allow the impoverished to live humane lives
  • We can all have good lives and we don't have to manufacture that wonder
  • This is what it is to be human

Like Cuckoos, Capitalism Had to Push All Other Ways of Living Out of the Nest

Friends of the Link 2023-03-01

• The = Earth Commission,
• proposes ‘safe and just Earth system boundaries’ (ESBs)
• that go beyond planetary boundaries as
  • they also include a justice perspective
  • suggest transformations to achieve them.

• Safe and just ESBs aim to:

  • stabilize the Earth system,
  • protect species and ecosystems,
  • avoid tipping points,
  • minimize ‘significant harm’ to people while ensuring access to resources for a dignified life and escape from poverty.

• If justice is not considered,

• the biophysical limits may not be adequate

• to protect current generations from significant harm

• Comment

• Similar to aims of doughnut economics

• = Earth system justice
• build upon = Doughnut economics socio-economic boundaries.

Reminds me of some of the work of the Center for New Economics like: - Community Land trust program - The Commons Program

and I imagine this is strongly referencing the Yellowstone story? More here in this amazing Wollheben book

//

• This is a good resource to explore doughnut economics at a national scale for many countries of the world.
• The two quadrants show a major pattern and dualism between 1) many developed countries that can meet socio-economic well-being, but only at the high price of exceeding planetary boundaries, and 2) many countries that stay under planetary boundary limits, but only at the expense of poor socio-economic indicators.
• The conclusion of the study is that currently, a good life for all within planet boundaries does not exist

Beyond having people make direct copies of cards by hand or using carbon paper, The Calculagraph Company manufactured a copying machine for duplicating data.

There is an accompanying picture (which I haven't copied here). Advertisement from 1906 System Magazine:

The Calculagraph<br /> Makes individual records of actual<br /> working time on separate cards<br /> which may be used interchangeably<br /> for Cost Accounting, for Pay-rolls and<br /> for a number of other purposes with-<br /> out copying or transcribing a single<br /> figure, by simply assorting the cards<br /> and adding the records directly from<br /> their faces.<br /> A card containing all the work<br /> records of one man for a week may<br /> be useful for pay-roll purposes, but it<br /> is utterly worthless for learning the<br /> cost of products, until all the items<br /> have been copied or transcribed for<br /> classification.<br /> The Calculagraph requires a large<br /> number of cards in a factory employ-<br /> ing several hundred persons, but it<br /> Saves Clerical Labor. (In one<br /> factory it saves $150.00 per week).<br /> Cards Are Cheaper Than Labor<br /> The Calculagraph Makes No<br /> Clerical Errors.<br /> Let us send you our printed matter.<br /> CALCULAGRAPH COMPANY<br /> 1414 JEWELERS BUILDING, NEW YORK CITY

Piketty, Thomas. A Brief History of Equality. Translated by Steven Rendall. Harvard University Press, 2022. https://www.hup.harvard.edu/catalog.php?isbn=9780674273559.

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During the coronavirus pandemic, many vendors facing inflation began to pass along the 3% (or more) credit card processing fees to their customers. Previously many credit card companies would penalize vendors for doing this (and possibly cut them off). This fee was considered "the cost of doing business".

Some vendors prior to the pandemic would provide cash discounts on large orders because they could circumvent these fees.

Does this affect (harm) inflation? Is it a form of Gresham's law at play here? What effect does this have on credit card companies? Are they so integral to the system that it doesn't affect them, but instead the customers using their legal tender?

Gresham's law

Gresham's law is an economic monetary principle which states that "bad money drives out good."

It relates to commodity value, particularly in coinage, where cheaper base metals in coins will cause more expensive coinage to disappear from circulation.

This cpatures the key challenges to downscaling esp to regional levels, along with a possible solution

Article is sceptical of capacity to downscale global concepts, and of the capacity to link social and ecological dimensions of the doughnut

Amazon removing titles from Kindle Unlimited due to ebook piracy issues<br /> by Sovan Mandal

Read at Tue 2023-02-28 6:50 AM

Dieser Aufsatz ist eine argumentativ durchgeführte Übersicht zu ökonomischen Konzepten für eine regenerative Wirtschaft und Gesellschaft. Die Autor:innen verarbeiten sehr viel und – so weit ich das beurteilen kann – sehr relevante Literatur, und sie bringen dabei unterschiedliche Stränge zusammen. Zentrale Positionen sind dabei die biophysikalisch begründetet Kritik an der Wachstumsökonomie durch Georgescu-Roegen und seine Nachfolger, die Historisierung von Märkten duch Karl Polanyi, die institutionelle Ökonomie sowie Ansätze der Social and Solidarity Economy.

—Ronald Reagan

—Ronald Reagan

Note for historical purposes.

Does austerity have a hidden agenda? by David Brancaccio and Ariana Rosas

listened to on 2023-02-08

https://play.publicradio.org/web/o/marketplace/segments/2023/02/08/mp_20230208_seg_MMR_-_Mattei_Austerity_Q_64.mp3

Mattei, Clara E. The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism. Chicago, IL: University of Chicago Press, 2022. https://press.uchicago.edu/ucp/books/book/chicago/C/bo181707138.html.

I've always wondered why the United States never used the phrase austerity to describe political belt tightening.