410 Matching Annotations
  1. Last 7 days
    1. There’s so much money that goes to the creditors to the top 1 percent or 5 percent that there is no money for capital investment, there is no money for growth. And, since 1980 as you know, real wages in America have been stable. All the growth has been in property owners and predators and the FIRE sector, the rest of the economy is in stagnation.
    1. So which seems likelier: that we're no better off than we were a quarter century ago, or that Shadow Stats is total bunk?

      Great Question

      This is an easy question to answer from my perspective. For me (age 62) and most of my peers, their kids and their peers, we are NO better off than we were a quarter century ago! A large part is the change from Industrial/Manufacturing to Technology and the outsourced labor and manufacturing. America has changed, this is FACT

    2. The intellectual cesspool of the inflation truthers

      Powerful Headline (words) from a Washington Post article under Economic Policy. WORDS.....! Words..... When you study Legal Theory you learn that "words" play a significant role in all aspects of social order.

      Controlling the rhetoric with consistent narrative

      This statement simply implies the use of consistent narrative (story) to allow control of the rhetoric. Narrative can be viewed as believable while Rhetoric is a general pejorative. When the rhetoric is mis or dis-information the narrative must be credible.

      Main stream media (MSM) has held a long-term standing across the world as being credible. This standing is eroding. It has eroded considerably over the last 25 years among critical thinkers and the general population has started to take notice.

      I question everything from MSM especially when narrative is duplicated with identical rhetoric across known government media assets. History is a wonderful thing when searching for Truth. Events in historical time periods can be researched, parsed and studied for patterns based on future evidence and outcomes.

      Information "Spin" is real and happens for one purpose, that purpose is to benefit a position, agenda, person, plan, etc., by manipulating (advertising, PR, propaganda) information. Spin is difficult to refute without hard facts. Spin has a short-term shelf life, but that is all it needs to chart a new course, set the "ball" in motion so to say.

      History allows Truth to overcome Spin.

    3. The Quest for Truth

      The quest for Truth is everywhere and not limited to the economic topics linked here. This is just a topic that started a thought process where I had access to a convenient tool (Hypothesis) to bookmark my thoughts and research.

      Primary thought is: The Quest for Truth. Subcategories would provide a structured topic for the thought. In this case the subcategory would be: US Economy, Inflation

      The TRUTH is a concept comprised of inconsistencies and targets that frequently move.

      Targets (data, methods, people, time, semantics, agenda, demographic, motive, means, media, money, status) hold a position in time long enough to fulfill a purpose or agenda. Sometimes they don't consciously change, but history over time shines light and opens cracks in original narrative that leads to new truth's, real or imagined.

      Verifying and validating certain Truth is very difficult. Why is That?
  2. Feb 2021
    1. ReconfigBehSci. (2021, February 17). The Covid-19 pandemic has accelerated the erosion of trust around the world: Significant drop in trust in the two largest economies: The U.S. (40%) and Chinese (30%) governments are deeply distrusted by respondents from the 26 other markets surveyed. 1/2 https://t.co/C86chd3bb4 [Tweet]. @SciBeh. https://twitter.com/SciBeh/status/1362021569476894726

    1. 21st Century Economics (USA)

      Economic Theory of a Market Economy, Characteristics, Pros, and Cons

      Americans and the World believe or want to believe that the United States is built upon a Market Economy.

      Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution. We clearly do not have a pure Market Economy today (2021).

      • To Big to Fail - (Bailouts)
      • Farm Subsidies
      • Political Influence (money, lobbying, tenure)
      • Government Agencies
      • Military/Industrial Complex
      • Federal Reserve (Central Banking)
      • Social Security
      • Medicare
      • Other

      Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.

      The U.S. is a Capitalist Nation with a corresponding market economy.

      Is this statement Fact or Hypothesis ?

      Can we still rely on textbook economic models in the 21st Century?

    1. Πρώτον, οι κυβερνήσεις πρέπει να καταργήσουν όλους τους κανόνες και τις ρυθμίσεις που εμποδίζουν τη συσσώρευση κέρδους, το οποίο θα πρέπει να είναι αφορολόγητο. Δεύτερον, οφείλουν να πουλήσουν όλη τη δημόσια περιουσία σε ιδιωτικές εταιρείες και τα κέρδη, αντί να πηγαίνουν στο κράτος και να τα ξαναεπενδύει στην κοινωνία (δημόσια έργα, παιδεία, υγεία, κ.λπ.), να δίνονται όλα στους ιδιώτες. Τρίτον, κατάργηση του κράτους πρόνοιας και περικοπή όλων των κοινωνικών δαπανών. Αυτά συνοδεύονται με ένα πλήθος λεπτομερειών: ιδιωτικοποίηση ιατροφαρμακευτικής περίθαλψης, ταχυδρομείων, παιδείας, συγκοινωνιών, λιμανιών, δασών κ.λπ. Ακόμα και πάρκων. Επιπλέον η εργασία δεν θα έχει καμία προστασία και δεν θα υπάρχει κατώτερος μισθός

      Σύνοψη του νεοφιλελεύθερου μοντέλο σε 3 βήματα, με τα λόγια του Κοροβέση.

  3. Jan 2021
    1. How can it be bad for things to come into the U.S. cheaply? How can it be bad to have a bargain at Wal-Mart?’ Sure, it’s held inflation down, and it’s great to have bargains,” says Dobbins. “But you can’t buy anything if you’re not employed. We are shopping ourselves out of jobs.
      • Wal-Mart can help keep inflation down and give great bargins
      • This comes at the sacrifice of having local and American business go out of business.
      • No employment due to companies going out of business will mean we are "shopping ourselves out of jobs"
  4. Dec 2020
    1. ReconfigBehSci @SciBeh (2020) For those who might think this issue isn't settled yet, the piece include below has further graphs indicating just how much "protecting the economy" is associated with "keeping the virus under control" Twitter. Retrieved from: https://twitter.com/i/web/status/1306216113722871808

  5. Nov 2020
    1. The Ideology of Hacking

      [..]

      The hacker movement is a political project. Like the activity of many 'alternative' subcultures that are not directly defined by their political engagement, "the struggles are at once economic, political, and cultural - and hence they are biopolitical struggles, struggles over the form of life. They are constituent struggles, creating new public spaces and new forms of community" [46]. The chief uniting and mobilising force for the hacker underground is the common enemy of Microsoft (Bezroukov, 1999a). Opposition to Microsoft draws both from socialist anarchistic principles, and from high-tech libertarianism. The rightwing drift, dubbed as the Californian Ideology, is a recent transition, and not surprising given the hegemonic dominance of the corporate sector in the United States and the greater stakes in free software for business. However, it runs counter to the roots of hacking, which essentially is a reaction against Taylorism (Hannemyr, 1999). Basic motivations to engage in free programming are the rush of technological empowerment (Sterling, 1994), the joy of un-alienated creativity (Moglen, 1999), and the sense of belonging to a community (commonly recognised by hackers themselves as 'ego', but reputation only viable within a group of peers, i.e. a community). Those values may not seem political at first sight, but they are on collision course with the commercial agenda of turning the Internet into a marketplace. The rising tension within the hacker community are illuminated by the words of Manuel Castells: "The struggle between diverse capitalists and miscellaneous working class is subsumed into the more fundamental opposition between the bare logic of capital flows and the cultural values of human experience"

      [..]

  6. Oct 2020
    1. In the past two decades, the policy concept of a knowledge economy hasincreasingly become an object of knowledge and governance

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    1. The backlash from gig economy companies was immediate, and Uber and similar app-based businesses have committed nearly $200 million to support a state ballot measure — making it the costliest in state history — that would exempt them from the law.

      This is a pretty good indicator that it will save them 10x to 100x this amount to get rid of this law.

      One should ask: "Why don't they accept it and just pass this money along to their employees."

    1. The attention of the audience is a writer's most precious possession, and the value of audience attention is seldom more clear than in writing for the Web. The time, care, and expense devoted to creating and promoting a hypertext are lost if readers arrive, glance around, and click elsewhere. How can the craft of hypertext invite readers to stay, to explore, and to reflect?

      A very early statement about what was about to become the "attention economy"

    1. We need to debate what kind of hypermedia suit our vision of society - how we create the interactive products and on-line services we want to use, the kind of computers we like and the software we find most useful. We need to find ways to think socially and politically about the machines we develop. While learning from the can-do attitude of the Californian individualists, we also must recognise that the potentiality of hypermedia can never solely be realised through market forces. We need an economy which can unleash the creative powers of hi-tech artisans. Only then can we fully grasp the Promethean opportunities of hypermedia as humanity moves into the next stage of modernity.

      Great ending. These words are as true today as they were 25 years ago.

    1. Third, content collapse puts all types of information into direct competition. The various producers and providers of content, from journalists to influencers to politicians to propagandists, all need to tailor their content and its presentation to the algorithms that determine what people see. The algorithms don’t make formal or qualitative distinctions; they judge everything by the same criteria. And those criteria tend to promote oversimplification, emotionalism, tendentiousness, tribalism — the qualities that make a piece of information stand out, at least momentarily, from the screen’s blur.

      This is a terrifically painful and harmful thing. How can we redesign a system that doesn't function this way?

    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)

    1. Long, H., correspondentEmailEmailBioEmailFollowEmail, H. L., Dam, rew V., Fowers, rew V. D. focusing on economic dataEmailEmailBioEmailFollowEmailAlyssa, visualization, A. F. reporter focusing on data, data, analysisEmailEmailBioEmailFollowEmailLeslie S. S. reporter focusing on, & storytellingEmailEmailBioEmailFollowEmail, multimedia. (n.d.). The covid-19 recession is the most unequal in modern U.S. history. Washington Post. Retrieved October 2, 2020, from https://www.washingtonpost.com/graphics/2020/business/coronavirus-recession-equality/

  7. Sep 2020
    1. Community activists will increasingly use hypermedia to replace corporate capitalism and big government with a hi-tech 'gift economy' in which information is freely exchanged between participants.

      I know the idea "gift economy" was around in the late 2000's and even more prevalent in the teens, but not sure where it originated. This is one of the earliest sitings I've seen (within a tech setting).

  8. Aug 2020
    1. Auerbach, A. J., Gorodnichenko, Y., & Murphy, D. (2020). Fiscal Policy and COVID19 Restrictions in a Demand-Determined Economy (Working Paper No. 27366; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27366