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93% Of All Jobs "Created" Since 2008 Were Added Through The Birth/Death Model | Zero Hedge
Here are the details of how over 90% of the jobs created in the past decade were nothing more than a "statistical" adjustment in some BLS model. [...] Furthermore, self-employed persons as a percentage of the working age population and the number of jobs created by establishments less than one year old are also declining. [...] the multi-decade slowdown in new business formation. Further supporting the Harvard study findings, a Brookings Institution paper called “Declining business dynamism in the United States: a look at states and metros” shows that business formations slowed down and business deaths accelerated after the crisis of 2008 (below to the right). (( THE LOW HANGING FRUITS OF INNOVATION HAVE BEEN PLUCKED! + ECON WINNER TAKES ALL = COMPETITION ON PRICE )) [...] The Bureau of Labor Statistics (BLS) seems to be alone in its belief that the entrepreneurial environment in the US is improving. We believe that the BLS has been artificially inflating the monthly payroll numbers via the birth and death adjustment. This overstatement is not trivial in nature – the adjustment added 30% of all jobs reported since 2010.
secular  stagnation  structural  underemployed  unemployment  UK  USA  immigration  working  poor  part-time  zero  hour  contract  economic  history  Precariat  DonaldTrump  Donald  Trump  Brexit  GFC  recovery  innovation  winner  takes  all  oligopol  oligopoly  monopoly  self-regulation  statistics  accounting  fake  news  bank  bailout 
june 2017 by asterisk2a
The Uber-Didi deal is straight out of Peter Thiel's playbook - Recode
Uber  Peter  Thiel  monopoly  China  USA  winner  take  all 
august 2016 by asterisk2a
Künstliche Intelligenz: Ökonomen lehnen Robotersteuer ab - DIE WELT
Mit einer Robotersteuer wollen manche die Maschinen menschlichen Arbeitnehmern gleichstellen. Ökonomen halten die Idee für einen Irrweg. Der technische Fortschritt lasse sich nicht aufhalten.
technological  unemployment  Robotics  automation  winner  take  all  globalisation  globalization  multinational  free  trade  free  trade  agreement  conglomerate  tax  evasion  tax  avoidance  crony  capitalism  capitalism  in  crisis  marginal  cost  Jeremy  Rifkin  Paul  Mason  post-capitalism  Higher  Education  Universal  Basic  Income  Grundeinkommen  structural  unemployment  long-term  unemployment 
july 2016 by asterisk2a
Up to 70% of people in developed countries 'have seen incomes stagnate' | Business | The Guardian
Research by the McKinsey Global Institute found that between 65% and 70% of people in 25 advanced countries saw no increase in their earnings between 2005 and 2014. The report found there had been a dramatic increase in the number of households affected by flat or falling incomes and that today’s younger generation was at risk of ending up poorer than their parents. Only 2% of households, 10 million people, lived through the period from 1993 to 2005 – a time of strong growth and falling unemployment – without seeing their incomes rise.
western  world  squeezed  middle  class  working  poor  Precariat  wage  growth  income  growth  income  distribution  inequality  Gini  coefficient  poverty  child  poverty  developed  world  recovery  GFC  austerity  secular  stagnation  wage  stagnation  wage  deflation  minimum  wage  minimumwage  mindestlohn  capitalism  capitalism  in  crisis  technological  unemployment  economic  history  OECD  IMF  Brexit  AfD  far  right  right-wing  far-right  income  inequality  income  mobility  social  mobility  income  redistribution  tax  avoidance  tax  evasion  neoliberal  neoliberalism  aggregate  demand  short-fall  aggregate  demand  Front  National  triple-lock  pension  UK  Germany  USA  France  shareholder  capitalism  winner  take  all  globalisation  globalization  profit  maximisation  profit  maximization  dividends  CEO  pay  career  ladder  Politicians  career  politician  No  Representation  Protest  Vote 
july 2016 by asterisk2a
Businesses must alter 'toxic' attitude to executive pay, PwC says | Business | The Guardian
Companies have failed to address a “toxic” attitude towards executive pay and face a government crackdown if they do not act to curb boardroom excess, according to a report by consultancy group PricewaterhouseCoopers.

In polling carried out by PwC last month, two-thirds of Britons said they believed executive pay was too high, and nearly three-quarters said it made them angry if a chief executive was paid a lot while their company was doing badly.
CEO  pay  CXX  shareholder  capitalism  shareholder  value  profit  maximisation  profit  maximization  crony  capitalism  capitalism  in  crisis  capitalism  winner  take  all  multinational  conglomerate  governance  corporate  governance  share  buyback  dividends  neoliberal  neoliberalism  Lobbying  lobby  lobbyist  Theresa  May 
july 2016 by asterisk2a
We have entered a new era of conflict, warns new book
In his new book, Irregular War (IB Tauris) , he reflects on Isis, al-Qaida, Boko Haram, Al Shabab, and the Taliban - all separate manifestations, he says, of a new non-state dynamic driving international conflict through asymmetric and hybrid warfare. But their significance is more fundamental. They are part of what Rogers calls “an historical shift towards revolts from the margins”. And such revolts are made more likely by “the widening global socio-economic divide and the onset of climate disruption”. [...] The causes of conflict are many and deep – economic, political, societal, environmental, demographic. [...] “the increasing marginalisation of the majority of the world’s people caused by the workings of the neo-liberal system of international economic activity” which concentrates most of the fruits of economic growth in the hands of a transglobal elite of some 1.5bn people.
book  ISIS  ISIL  al-Qaeda  al-Qaida  Boko  Haram  Al  Shabab  Taliban  Middle  East  Iraq  War  climate  change  global  warming  extreme  weather  extreme  poverty  free  trade  weather  extreme  drought  crop  shortage  water  security  food  security  crop  failure  youth  unemployment  unemployment  Arab  Spring  Jasmine  Revolution  jasminrevolution  military-intelligence  military–industrial  complex  Gini  coefficient  inequality  poverty  1%  10%  20%  globalisation  globalization  winner  take  all  Super  Rich  plutocracy  neoliberal  neoliberalism  neoclassical  economics  neoconservatism  neoconservatives  Chicago  School  liberalism  Foreign  Aid  global  economy 
july 2016 by asterisk2a
Technological Unemployment (2013) w Jacque Fresco
wikipedia Jacque Fresco // MORE AI, automation, robotics, augmented intelligence, self-driving cars = LESS AGGREGATE DEMAND (disposable income of the middle class, working class & working poor) [...] productivity has risen but incomes NOT! [...] & companies are making more money for shareholders & owners with less & less people (see Facebook) [...] Industry doesnt care abt people. They hire people because it hasnt been yet automated. [...] A JOBLESS RECOVERY & JOBLESS GDP GROWTH [...] routine middle class jobs eliminated fastest! [...] pace of destruction is greater than pace of creation of new jobs! [...] ie Lawyer Software searching through files via augmented intelligence //&! Humans Need Not Apply - youtu.be/7Pq-S557XQU //&! Jerry Kaplan ((re)distribute wealth more equally - youtu.be/JiiP5ROnzw8), Rifkin (Zero Marginal Cost), Paul Mason (post-capitalism) book //&! UBI a must in future - youtu.be/WMF-Z74C1QE &! youtu.be/mEV-kAjtm9U &! youtu.be/9pdU_Rkwzes
technological  unemployment  aggregate  demand  aggregate  demand  short-fall  disposable  income  discretionary  spending  squeezed  middle  class  western  world  working  class  working  poor  Precariat  automation  Robotics  augmented  intelligence  self-driving  cars  autonomous  car  autonomous  cars  purchasing  power  wage  growth  inequality  income  distribution  Gini  coefficient  1%  10%  20%  winner  take  all  globalisation  globalization  neoliberal  neoliberalism  social  safety  net  Universal  Basic  shareholder  capitalism  crony  capitalism  capitalism  in  crisis  post-capitalism  triple-lock  pension  secular  stagnation  USA  UK  European  Union  Chicago  School  neoclassical  economics  Brexit  No  Representation  Career  Politicians  politician  Smart  Grid  Zero  Marginal  Cost  Jeremy  Rifkin  book  Mobile  Creative  Mobile  Creatives  Industrial  Revolution  technological  progress  technological  history  Soziale  Marktwirtschaft  Grundeinkommen  Paul  Mason  recovery  destruction  multinational  conglomerate  low  pay  minimum  wage  mindestlohn  Jerry  Kaplan  income  redistribution  income  growth  income  inequality  Support  income  tax  credit  welfare  reform  welfare  state  Elizabeth  Warren 
july 2016 by asterisk2a
Keiser Report: US, Mexico & walls (E939) - YouTube
Nafta has been devastating... both to the American worker and to the population in Mexico. They conclude with solutions to the consequences of neoliberal capitalism and dodgy trade deals.
NAFTA  neoliberal  neoliberalism  TTIP  TTP  CETA  free  trade  free  trade  agreement  WTO  globalisation  globalization  winner  take  all  Chicago  School  neoclassical  economics  USA  Mexico  migration  immigration  War  on  Drugs  economic  history  squeezed  middle  class 
july 2016 by asterisk2a
Das Ende der Gesellschaft. Von den Folgen der Vernetzung
Das Ende der Gesellschaft von den Folgen der Vernetzung aller. // // Strohfeuer - Book Tausche Seele gegen Erfolg. Sascha Lobos packender Debütroman über die Lebensgier in den Zeiten der New Economy. // margaret thatcher - there is no such thing as society. // massenmedien (soziale medien, u eigenes umfeldgeben) illusion von spektrum of normativen verhalten; ie consumerism! du bist wast du kaufst. ... < illusorisches gesellschaftsbild. // der lack blaettert ab! an der zivilisierten gesellschaft (brexit) // strenght of weak ties (kraft des netzwerks) // no self-censorship, thus more and more people see that racism and xenophobia and misogyny is an acceptable opinion and one is not alone. far-right conservatives tell that political correctness has gone too far. // nun findet keine maessigung mehr statt (dies political correctness); racism/xenophobia ist nicht mehr extrem. // nachrichten bekamen gefuehlsgetrieben (emotions) [...] gesellschaft in wallungen. gefuehlten wirklichkeit. // zeit des schnellen wandels der welt - 24/7 news cycle - coping mechanism = emotions.
mobile  homescreen  Sascha  Lobo  Gesellschaft  Gesellschaftsform  Gesellschaftswerte  Networks  Silo  Platform  Facebook  WhatsApp  YouTube  Instagram  Snapchat  society  sociology  journalism  journalismus  journalist  globalisation  globalization  24/7  News  Cycle  Clickbait  Linkbait  Lügenpresse  AfD  PEGIDA  Trumpism  Brexit  neoliberal  neoliberalism  neoclassical  economics  Chicago  School  consumerism  consumerist  status  anxiety  book  Selbstdarstellung  Selbstoptimierung  Selbstfürsorge  winner  take  all  self-employment  competitiveness  capitalism  capitalism  in  crisis  populism  Polarisation  demagogue  demagogy  crony  capitalism  UKIP  far-right  right-wing  Donald  Trump  Frank  Schirrmacher  Social  Media  unemployment  Precariat  working  poor  squeezed  middle  class  Gini  coefficient  inequality  mobility  income  mobility  Massenmedien  civil  society  civil  courage  civil  participation  Zivilgesellschaft  Political  Correctness  Xenophobia  Xenophobic  racism  Transphobic  transphobia  Homophobia  homophobic  filter  bubble  filter  bubbles  Google  Search  algorithm  algorithms  Newsfeed  echo  chamber 
july 2016 by asterisk2a
Does The Myth of Meritocracy show us how to alleviate inequality?
No debate about social mobility is complete without reference to the supposedly halcyon days of the 1950s and 1960s. The class fluidity of those decades, however, was not the result of professions becoming more meritocratic. It was caused by an unprecedented rise in the number of middle-class jobs: there was more room at the top. [...] Bloodworth writes that 21st-century society is characterised by a dwindling of professional jobs and more people slipping downwards: there is “more room at the bottom”. [...] Globalisation has created what the economist Robert H Frank calls “winner-takes-all” markets
downward  mobility  social  mobility  income  mobility  inequality  Paul  Mason  book  post-capitalism  James  Bloodworth  Gini  coefficient  income  distribution  structural  unemployment  long-term  unemployment  skill  gap  skills  gap  skill  mismatch  skill-biased  technological  change  AI  artificial  intelligence  globalisation  globalization  rising  middleclass  squeezed  middle  class  BRIC  Manufacturing  economic  history  sociology  Brexit  Identitypolitics  Identitätspolitik  career  ladder  education  bubble  education  cost  autonomous  car  autonomous  cars  self-driving  cars  augmented  intelligence  Robotics  Robots  automation  neoclassical  economics  Chicago  School  trickle-down  economics  trickle-down  effect  1%  10%  20%  working  poor  Precariat  credit  card  credit  card  debt  consumerism  consumerist  austerity  bank  bailout  capitalism  in  crisis  neoliberal  neoliberalism  crony  capitalism  tax  evasion  tax  avoidance  Baby  Boomers  babyboomers  Elizabeth  Warren  Joseph  Stiglitz  poverty  trap  poverty  child  poverty  rentier  rent-seeking  winner  take  all  monopoly  monopsony  conglomerate  multinational  Toff  Privileged  Establishment  No  Representation  Politicians  career  politician  Centrist  meritocracy  meritocratic  plutocracy  oligarchy  capitalism 
july 2016 by asterisk2a
Media Websites Battle Faltering Ad Revenue and Traffic
[lots more competition for people's attention] The trouble, the publishers say, is twofold. The web advertising business, always unpredictable, became more treacherous. And website traffic plateaued at many large sites, in some cases falling — a new and troubling experience after a decade of exuberant growth. Online publishers have faced numerous financial challenges in recent years, including automated advertising and ad-blocking tools. But now, there is a realization that something more profound has happened: The transition from an Internet of websites to an Internet of mobile apps and social platforms, and Facebook in particular, is no longer coming — it is here. [...] “How do I monetize [content]?” he asked. “Still not clear.” //&! bit.ly/1Sxbrdu - if buzzfeed is hurting, everyone else is screwed. //&! nyti.ms/1WzYfHE
Facebook  Instant  Articles  Facebook  filter  bubble  Google  News  algorithm  business  model  pageviews  BuzzFeed  Mashable  TechCrunch  AOL  NYT  NYTimes  Washington  Post  attention  arbitrage  attention  graph  attention  span  YouTube  Snapchat  Millennials  content  discovery  content  distribution  Gawker  Insider  refinery29  Salon  GigaOm  mobile  homescreen  Entertainment  Escapeism  Gaming  winner  take  all  Software  Eats  The  World  Software  Is  Eating  The  World  Patreon  ad  blocking  AdBlock  Platform  TOS  Twitter  Instagram  Television  Radio  Podcast  Google  Search  Live  Video  Vox  paywall  Freemium  Politico  FiveThirtyEight 
april 2016 by asterisk2a
The tech industry has cut a Google’s worth of jobs in the past 12 months
bigger companies, more profitable products, with less people. // “It would be wrong to assume that increased job cuts are a sign of weakness in the tech sector,” Challenger, Gray & Christmas CEO John Challenger said in a statement. “The simple fact is that the industry is going through a transformation and companies either have to shift their focus or risk extinction. We will always need technology, but how we interact with it, as well as where and when we interact with it, are changing rapidly.” //&! http://recode.net/2016/04/19/intel-chipmaker-mobile-earnings-restructuring/ - Intel missed the mobile revolution. Now it faces its day of reckoning.
Silicon  Valley  Unicorn  Instagram  WhatsApp  productivity  Software  Eats  The  World  Software  Is  Eating  The  World  Software  Revolution  Software  Development  Slack  Facebook  profit  maximisation  profit  maximization  winner  take  all  IBM  Intel  Microsoft  Salesforce  antitrust  overhead  cost  center  AWS  cloudcomputing  Cloudstorage  Netflix  Amazon  Azure  Google  Cloud  Google  Inc.  Alphabet  Inc.  Oracle  Mobile  Creative  scalability  scaling  scale  Snapchat  Twitter  Apple  automation  robotics  AI  artificial  intelligence  3D  printing  autonomous  cars  self-driving  cars  labour  market  job  market  skill  gap  skills  gap  homescreen 
april 2016 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
Yanis  Varoufakis  Paul  Mason  Labour  Party  Jeremy  Corbyn  Bernie  Sanders  Marxism  democracy  No  Representation  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  Soziale  Marktwirtschaft  fairness  Social  Justice  economic  bank  bailout  GFC  austerity  Generationengerechtigkeit  revolving  door  lobby  Greed  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Main  Street  squeezed  middle  class  working  poor  Precariat  poverty  trap  economic  history  UK  globalisation  globalization  global  economy  self-regulation  deregulation  regulation  regulators  secular  stagnation  trickle-down  economics  free  market  exploitation  liberal  economic  reform  self-employment  job  security  job  insecurity  Zero  Hour  Contract  antitrust  winner  take  all  gini  coefficient  inequality  deprivation  poverty  John  McDonnell  austerity  aggregate  demand  Richard  Koo  Joseph  Stiglitz  Schuldenbremse  Fiscal  Pact  economic  history  neoliberal  neoliberalism  OBR  Chicago  School  neoclassical  economics  infrastructure  investment  liquidity  trap 
april 2016 by asterisk2a
From a Culture of Connectivity to a Platform Society
transform, change public life and social life. [...] participatory culture (reality is sometimes less than 1% create of the 100% that consume. [,,,] give away your user data, get service for free. it became a economic transaction. user data is currency. [...] harmful for people, but no discussion about harms to society and public life (self-censorship) & rise in vanity, Selbstdarstellung! Also filter bubble. Revenge Porn. Stalking. Cyber bullying and cyber mobbing. Phishing for your data, enabling cyber crime. [...] hidden norms and values [...] not a level playing field [pay to play] [...]
Platfom  Silo  Open  Platform  EULA  TOS  Social  Media  Facebook  Twitter  Instagram  winner  take  all  Strava  Google  News  Google  Inc.  Uber  Silicon  Valley  mobile  homescreen  Brand  Gesellschaft  society  WhatsApp  Public  Life  AirBnB  book  Web  2.0  Tinder  user  data  Privacy  Internet  Privacy  sharing  economy  Gig  YouTube  self-censorship  Big  advertisement  re-targeting  advertisement  targeting  Selbstdarstellung  Selfie  filter  bubble  Newsfeed  revenge  porn  stalking  cyber  mobbing  cyber  bullying  phishing  cyber  crime  self-regulation  NextDoor  Amazon  4chan  Reddit 
april 2016 by asterisk2a
Tyler Cowen: "The Great Stagnation", Michael Vassar & Cowen Debate at Singularity Summit 2011
gains are harder to come by! low hanging fruit gone. [...] VISION IS NEEDED TO GET THE JOB DONE.
secular  stagnation  western  world  underinvestment  R&D  R&D  innovation  Innovators  Dilemma  rentier  rent-seeking  oligopol  oligopoly  winner  take  all  babyboomers  Generationengerechtigkeit  fairness  austerity  triple-lock  pension  pension  obligation  recovery  Super  Rich  1%  plutocracy  oligarchy  No  Representation  lobby  Career  Politicians  OAP  demographic  bubble  ageing  population  sick  population  health  crisis  economic  damage  climate  crisis  climate  change  global  warming  productivity  gap  output  gap  GDP  measurement  GNP  nominal  GDP  targeting  inflation  targeting  BRIC  creative  destruction  Mobile  Debt  Super  Cycle  servitude  servicing  service  income  tax  receipts  tax  evasion  tax  avoidance  Moore's  Law  COP21  macroeconomic  policy  microeconomic  policy  OECD  IMF  crony  capitalism  Privileged  Establishment  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  revolving  door  Wall  Street  squeezed  middle  class  working  poor  disposable  income  trickle-down  economics  neoliberal  neoliberalism  discretionary  spending  renewable  energy  infrastructure  investment  Smart  Grid  AI  artificial  intelligence  augmented  intelligence  Autonomous  Cars  ZIRP  NIRP  QE  New  stagnation 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
Mobile  Creative  Mobile  Creatives  augmented  intelligence  artificial  intelligence  AI  Robotics  automation  destruction  creativity  book  social  safety  net  welfare  state  tax  credit  working  poor  Precariat  low  pay  low  income  Universal  Basic  income  tax  receipts  job  creation  Service  Sector  Jobs  precarious  work  precarious  employment  Contractor  part-time  Zero  Hour  Contract  self-employment  tax  evasion  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  Wall  Street  M&A  Autonomous  Cars  Google  Car  Uber  public  transport  public  transportation  corporate  tax  rate  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  Super  Rich  1%  plutocracy  oligarchy  Soziale  Marktwirtschaft  skills  gap  skills  economy  skill  mismatch  skill-biased  technological  change  skill  gap  skills  mismatch  skills  shortage  skills  missmatch  skill  investment  education  policy  winner  take  all  business  model  R&D  R&D  underinvestment  austerity  Generationengerechtigkeit  fairness  democracy  secular  stagnation  western  world  job  market  labour  market  poverty  trap  economic  history  UK  USA  Europe  Germany 
april 2016 by asterisk2a
Dan Ariely: Why The Next Market Downturn May Quickly Become A Full-Blown Panic - YouTube
free self-regulated market where winner take all - creates adverse outcomes. //<< Book - The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank - Competition can be devastating if it is about winner take all !!! - youtu.be/hmbfK​DvDrJI - via Dan Ariely // // !!! QE - reflate - hope and pray confidence will come back and economy roars back to health. did not happen. // poverty trap // trend continues w inequality, // post-racial America // inability to get out of bad situation // under banked, payday loan // studies have shown, Americans imagine/think of their countries more equal and just than Sweden // (1) create new financial institution, retail banking serving people (not making 15% profit p/a to give it to share holders even demanding more) like Sparkassen // (2) reform education // (stop damaging) narrative of invisible hand - getting the best out of people // national identity // sense of agency !!!
inequality  QE  competitive  competition  winner  take  all  monopoly  monopsony  book  shared  economic  interest  common  good  Dan  Ariely  China  credit  bubble  ZIRP  NIRP  business  confidence  consumer  confidence  equity  bubble  speculative  bubbles  Super  Rich  1%  asset  bubble  faultlines  structural  imbalance  Impediments  Gini  coefficient  social  mobility  income  mobility  poverty  trap  child  poverty  poverty  USA  UK  Europe  austerity  recovery  2015  social  cohesion  social  tension  social  contract  welfare  state  social  safety  net  education  policy  skill-biased  technological  change  skills  gap  western  world  post-racial  America  Jim  Crow  working  poor  squeezed  middle  class  Sozialer  Abstieg  Germany  food  poverty  budget2015  fairness  Generationengerechtigkeit  Privileged  Toff  Establishment  Public  Services  Services  society  racial  segregation  gentrification  Gentrified  class  segregation  urbanisation  urban  planning  social  housing  affordable  housing  Lügenpresse  manufactured  consent  corporate  media  corporate  state  propaganda  populism  stigma  self-regulation  deregulation  Wall  Street  invisible  hand  crony  capitalism  profit  maximisation  shareholder  value  bank  bailout  TBTF  too  big  to  bail  too  big  to  jail  meritocra 
august 2015 by asterisk2a
Twitter works just fine – but for investors, anything except total market domination is a disaster | Comment is free | The Guardian
Nothing better illustrates capitalism’s addiction to illogic than the mismatch between Twitter’s workability and its unpopularity with Wall Street [...] Any company that cannot demonstrate a clear route to monopolising its space, monetising its users’ data on a vast scale, is to be discarded, targeted for acquisition, consigned to perpetual dowdiness. [...] When I’ve pointed to Wikipedia, Apache or Linux as harbingers of a new, non-market, open source economics, one of the stock responses is: “now show us something more spectacular.” The problem is, these modest, functional and free products are already in their own way spectacular. Wikipedia is the biggest information product in the world; Apache runs half the world’s web servers; and Linux is the system of choice for at least a third of all servers (the computers that run businesses) and 97% of the world’s supercomputers.
Twitter  Wall  Street  shareholder  value  profit  maximisation  short-term  short-term  thinking  short-term  view  crony  capitalism  capitalism  exploitation  post-capitalism  monopoly  monopsony  oligopoly  oligopol  Facebook  IPO  Google  Open  Source  Share  Economy  Open  Data  Wikipedia  GNU/Linux  Apache  Wordpress  creative  destruction  Software  Is  Eating  The  World  3D  printing  Robotics  automotive  self-driving  cars  disrupting  markets  disruption  Marketplace  commodity  business  commoditization  marginal  cost  differentiate  differentiation  economics  of  abundance  autonomous  car  automation  Future  of  Work  Mobile  Creatives  Mobile  21stcentury  Collaborative  collaboration  cooperation  user  generated  content  crowdsourcing  Industrial  Revolution  2.0  policy  Industrial  Revolution  economic  history  trickle-down  economics  Universal  Basic  Income  winner  take  all  Amazon  SAP  Salesforce  inequality  Thomas  Piketty  Super  Rich  1%  mainstreet.org  tax  evasion  tax  avoidance  Gini  coefficient  deregulation  neoliberalism  neoliberal  self-regulation  regulators  regulation  utility  public  utility  Good  Silicon  Valley  Unicorn  Decacorn  Private  Market 
august 2015 by asterisk2a
Henrik Müller über Wirtschaftswachstum 2014: Die Pessimisten sind los - SPIEGEL ONLINE
GDP  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  2014  economic  history  digital  economy  happiness  index  Mobile  Creative  Mobile  Creatives  knowledge  worker  knowledge  economy  Age  digital  artist  digital  content  content  creator  New  academia  academics  Wikipedia  freemium  balance  sheet  recession  liquidity  trap  hunt  for  yield  ZIRP  QE  NIRP  deflation  deflationary  lost  generation  lost  decade  Year  of  Code  White-collar  Blue-collar  hybrid  work  workless  6-hour  work  day  workforce  working  poor  squeezed  middle  class  productivity  output  gap  Silicon  Valley  education  policy  practical  skills  practical  skill  set  disposable  income  leisure  time  Robert  Skidelsky  volunteering  volunteer  maximisation  of  happiness  Jack  of  All  Trades  Future  Future  of  book  Tim  Ferriss  work  life  balance  worklife  underemployed  self-employment  freelance  freelancing  complexity  unknown  unknowns  GFC  greatdepression  greatrecession  Europe  UK  USA  PIGS  debtoverhang  sovereign  debt  crisis  Richard  Koo  Super  Cycle  debt  monetization  debt  monetisation  debt  bubble  debt  jubilee  Japan  BOE  Fed  ECB  Open  Source  Linux  GitHub  BOJ  sharing  economy  less  more  zeitgeist  generational  change  Millennials  generationy  Consumerism  digital  digital  consume 
july 2014 by asterisk2a
BBC News - MPs call for '32% salary increase'
> So much for "we are all in it together."

survey found that 69% thought they were underpaid on their current salary of £65,738.

The average level suggested for the appropriate level of pay was £86,250.
we  are  all  in  it  together  UK  austerity  Politics  2013  trust  trustagent  confidence 
january 2013 by asterisk2a
Aus für Traditionsbank Wegelin bedroht Schweizer Finanzbranche - SPIEGEL ONLINE
Zum ersten Mal hat eine Schweizer Bank gestanden, Amerikanern beim Steuerbetrug geholfen zu haben - das Traditionshaus Wegelin zahlt dafür mit seiner Existenz. Auch großen Instituten drohen teure Verfahren. Der Streit könnte zum Ende des Bankgeheimnisses führen.

[...] Bankenexperte Kunz vermutet, dass Wegelin sich den US-Behörden als eine Art Kronzeuge angedient hat - und so die Höhe der Strafe drücken konnte. "Ich hätte mit einer höheren Summe gerechnet", sagt Kunz. Die Bank wollte zu diesem Vorwurf auf Nachfrage nicht Stellung nehmen.

- UK came into agreement w Swiss
- GER came into agreement w Swiss
- France is introducing +75% tax rate for the wealthy
Julius  Bär  Credit  Suisse  sovereign  debt  crisis  2013  2012  GFC  greatrecession  society  culture  France  UK  we  are  all  in  it  together  austerity  Germany  Bankgeheimnis  Schweizer  Bankgeheimnis  taxevasion  USA  bank  crisis  banking  crisis  Switzerland  Wegelin 
january 2013 by asterisk2a

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