How The Economic Machine Works by Ray Dalio actually makes a case against austerity and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
Reflecting upon 14 years of blogging and observing internet communities, Anil Dash proposes 10 Rules of the Internet, based upon the lessons that he learned during that time. (via ★interesting; anildash previously on Metafilter)
In Korea, Changes in Society and Family Dynamics Drive Rise in Elderly Suicides - "The epidemic is the counterpoint to the nation's runaway economic success, which has worn away at the Confucian social contract that formed the bedrock of Korean culture for centuries." [more inside]
The history of the Sikh Diaspora in USA and Canada goes back to Queen Victoria's Diamond Jubilee celebrations in 1897. Emerging as a casteless alternative to the ongoing Hindu Muslim wars in India, the Sikhs have always been known as a martial tribe, their prowess and courage respected by the British and others alike. Colloquially addressed respectfully as Sardarji, the men take Singh (lion) as their middle name while the women bear the name Kaur (princess). This custom further confirmed the equality of both genders as was the tradition set by the founder of Sikhism, Guru Nanak. The first Sikh Organization was The Pacific Coast Khalsa Diwan Society organized in the spring of 1912. [more inside]
In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
19-year-old Kelly Hofer grew up in a Hutterite colony in Manitoba, and his photography captures his life as a Hutterite. Recently, Kelly left the community to start a new life in Calgary.
If your website is full of assholes, it's your fault. from Anil Dash. [more inside]
The Birth of Sharing Law and the Rise of Co-ops - "A new sharing economy is emerging — but how does it fit within our legal system? Time for a whole new field of cooperation law." (via wc)
What if our economy was not built on competition? Nobel Prize winner Elinor Ostrom talks about her work on cooperation in economics. [more inside]
From the Bookstalls of a Nigerian Market. Onitsha Market Literature consists of stories, plays, advice and moral discourses published primarily in the 1960s by local presses in the lively market town of Onitsha [in then-newly-independent Nigeria]... In the fresh and vigorous genre of Onitsha Market Literature, the commoner wrote pulp fiction and didactic handbooks for those who perused the bookstalls of Onitsha Market, one of Africa’s largest trading centers. Examples: How To Write And Reply Letters For Marriage, Engagement Letters, Love Letters And How To Know A Girl To Marry, Learn To Speak 360 Interesting Proverbs And Know Your True Brother, Struggle For Money [All full-text links are in pdf format, and some are quite large]. With links to additional resources.
Reality Sandwich is a new web magazine whose subjects "run the gamut from sustainability to shamanism, alternate realities to alternative energy, remixing media to re-imagining community, holistic healing techniques to the promise and perils of new technologies." Daniel Pinchbeck, the author of Breaking Open the Head, is the editorial director of the site. [Via Disinformation.]