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Notes From An Emergency
Silicon Valley brings us the worst of two economic systems: the inefficiency of a command economy coupled with the remorselessness of laissez-faire liberalism.
nationalism  TrumpDonald  Europe  USA  SiliconValley  Facebook  Google  Amazon  Microsoft  Apple  monopolies  surveillance  personalData  security  authoritarianism  regulation  globalisation  tradeUnions  resistance  accountability 
5 days ago by petej
Have Americans Given Up?
MAR 5, 2017 | The Atlantic | by DEREK THOMPSON.
...this is a mirage, according to the economist and popular writer Tyler Cowen, whose new book is The Complacent Class: The Self-Defeating Quest for the American Dream. In fact, the nation's dynamism is in the dumps. Americans move less than they used to. They start fewer companies. Caught in the hypnotic undertow of TV and video games, they are less likely to go outside. Even the federal government itself has transformed from an investment vehicle, which once spent a large share of its money on infrastructure and research, to an insurance conglomerate, which spends more than half its money on health care and Social Security. A nation of risk-takers has become a nation of risk-mitigation experts...So, what happened? Cowen’s thought-provoking book emphasizes several causes, including geographic immobility, housing prices, and monopolization.....several studies have shown that many U.S. workers don’t start new companies because they’re afraid of losing their employer-sponsored health insurance. A single-payer system might increase overall entrepreneurial activity. As I read Cowen’s book, I thought of an acrobat show. No circus performer wants to leap between swings without a net to catch them as they fall. The trick is to design for safety without designing for complacency.
large_companies  dynamism  America_in_Decline?  self-defeating  Tyler_Cowen  economists  books  innovation  illusions  Silicon_Valley  geographic_mobility  economic_mobility  housing  Donald_Trump  elitism  restlessness  safety_nets  risk-mitigation  monopolies 
11 weeks ago by jerryking

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