Have you ever wondered why you can't get what you want, but, if you try sometimes, etc.? Mark Hicken, a British Colombian lawyer, is a great source of information
on the state(s) of Canadian liquor regulations. Sure, a little localised and dry, but that's the terroir, man. Also, he does point out some inanities
that have a relatively universal appeal.
posted by converge
on Dec 10, 2009 -
Doug Rushkoff throws down the gauntlet in his “Radical Abundance” speech at the O’Reilly Web 2.0 conference.
Some highlights of the speech: “The only real possible competition to Google and their economy of faux openness would be peer-to-peer exchange.”
“As a result of all this freedom the abundance of genuine creative output is declining. We are actually getting the scarce market place demanded by our currency legacy system. The same way the early Renaissance got a scarcity by killing off half the people with the plague.”
1: The development of a digital culture that actually respects the labor of individuals.
2: The creation of new modes of currency based in abundance rather than scarcity.
posted by joetrip
on Nov 22, 2009 -
Silicon Sweatshops is a five-part investigation of the supply chains that produce many of the world’s most popular technology products, from Apple iPhones, to Nokia cell phones, Dell keyboards and more. The series examines the scope of the problem, including its effects on workers from the Philippines, Taiwan and China. It also looks at a novel factory program that may be a blueprint for solving this perennial industry problem.
posted by Joe Beese
on Nov 19, 2009 -
Most of Africa, India and the developing world depends on innovative and inventive
people coming up with ways to make a living with no cash and next to no resources. Fritz Schumacher ( wiki
) was an internationally influential economic thinker with a professional background as a statistician and economist whose 1973 book "Small is beautiful
" - Economics as if People Mattered; is among the 100 most influential books published since World War II ( Review
). There are links to several articles, Essays and Videos on the Schumacher Society webpage
including the Essay "Buddhist Economics
". He was a founder of the Charity Practical Action
. ( Related 1; 2
posted by adamvasco
on Oct 4, 2009 -
Paul Krugman attacked professional macroeconomists (previously
). John Cochrane
, an economist at the University of Chicago, returns the favor
, arguing that Krugman deeply misrepresents current economic ideas because he's abandoned economics as a "quest for understanding" in favor of trying to be the "Rush Limbaugh of the Left."
posted by shivohum
on Sep 28, 2009 -
How Wal-Mart's values are shaping America's economy -- and why this is a very bad thing:
Around the time that the young Sam Walton opened his first stores, John Kennedy redeemed a presidential campaign promise by persuading Congress to extend the minimum wage to retail workers, who had until then not been covered by the law.
Walton was furious. Now the goddamn federal government was telling him he had to pay his workers the $1.15 hourly minimum. Walton's response was to divide up his stores into individual companies whose revenues didn't exceed the $250,000 threshold. Eventually, though, a federal court ruled that this was simply a scheme to avoid paying the minimum wage, and he was ordered to pay his workers the accumulated sums he owed them, plus a double-time penalty thrown in for good measure. Wal-Mart cut the checks, but Walton also summoned the employees at a major cluster of his stores to a meeting. "I'll fire anyone who cashes the check," he told them.
posted by acb
on Sep 14, 2009 -
TARP investments yield 15% returns.
Almost trom the start, critics characterized the TARP program that first began under the Bush administration and that continued through early this year under President Obama as a taxpayer funded giveaway
, while government officials insisted it was a long-term investment program whose initial costs would eventually turn a profit as economic recovery began. Now the NY Times reports that the program has already yielded $4 billion in profits, and a separate report reveals that related Federal Reserve loan programs aimed at economic stabilization have returned $14 billion in profits
posted by saulgoodman
on Aug 31, 2009 -
Japan's opposition party, The Democratic Party of Japan (DPJ)
, is projected to win a landslide victory
tomorrow, ending the 52-year reign of the Liberal Democratic Party (LDP)
. Furthermore, according to a survey conducted by the popular Asahi Shimbun newspaper, the DPJ could win a two-thirds majority
, enabling them to roll legislation through the Diet unabated. Despite the projections, the two parties are still battling hard
. Washington is following these elections very closely
, because of the man who could be the next prime minister, Yukio Hatoyama
. [more inside]
posted by Marisa Stole the Precious Thing
on Aug 29, 2009 -
How American Health Care Killed My Father After the needless death of his father, the author, a business executive, began a personal exploration of a health-care industry that for years has delivered poor service and irregular quality at astonishingly high cost. It is a system, he argues, that is not worth preserving in anything like its current form. And the health-care reform now being contemplated will not fix it. Here’s a radical solution to an agonizing problem.
) [more inside]
posted by kliuless
on Aug 18, 2009 -
Recently, John Michael Greer
has been exploring a little known idea of the deceased economist E.F. Schumacher
(a student of the oft-discussed Keynes
). "Schumacher drew a hard distinction between primary goods and secondary goods. The latter of these includes everything dealt with by conventional economics: the goods and services produced by human labor and exchanged among human beings. The former includes all those things necessary for human life and economic activity that are produced not by human beings, but by nature. Schumacher pointed out that primary goods, as the phrase implies, need to come first in any economic analysis because they supply the preconditions for the production of secondary goods. Renewable resources, he proposed, form the equivalent of income in the primary economy, while nonrenewable resources are the equivalent of capital; to insist that an economic system is sound when it is burning through nonrenewable resources at a rate that will lead to rapid depletion is thus as silly as claiming that a business is breaking even if it’s covering up huge losses by drawing down its bank accounts." [more inside]
posted by symbollocks
on Jul 10, 2009 -
With all the dust that's been
* riled up
by Obama's nomination of Sonia Sotomayor (previously
), everyone is suddenly taking an interest in Puerto Rico
. A basic question that may come up is why we're there in the first place.
Understanding that, we can see how the complicated relationship
has played out between Puerto Rico, the US, and, most recently, the United Nations. Although the UN has urged
the US to take steps towards establishing Puerto Rico's sovereignty, referendums held on the
island have overwhelmingly preferred the status quo
and the US has been indifferent at best. But independence activists, after a twenty-year decline, may be on the rise
. The island's current governor, Luis Fortuño
, is pro-statehood. But the whole issue has taken a back seat since plans have been made to fire 30,000 government
, privatize some public services
, and sell
some the the government's US$3.2 billion debt. [more inside]
posted by krikkit261
on Jun 10, 2009 -
is a witty and erudite essay by MeFi lurker
John Lanchester in The London Review of Books on how completely and utterly screwed the British economy is. In the process of laying out his case Lanchester touches on varied issues, such Scottish banknotes
, why Alan Hollinghurst's phrase "tremendous, Basil Fawltyish lengths" is applicable to the reaction by the US and UK governments to the banking meltdown, the value destruction of corporate mergers, the invention of modern accounting, and why no one really knows how large a share of the failed banks is owned by governments.
posted by Kattullus
on May 26, 2009 -
Prelude to Federation
- Like a neocolonial SEZ
) Paul Romer
, not to be confused
"less developed countries contract with capitalist nations to set up Hong Kong's for them... that we rethink sovereignty (respect borders, but maybe import administrative control); rethink citizenship (support residency, but maybe import voice in political affairs); and rethink scale (instead of focusing on nations, focus on cities—on city states like Hong Kong and Singapore)." cf. neocameralism
] [more inside]
posted by kliuless
on May 21, 2009 -
The Bulls vs. Bears? The incessant back and forth between equity market longs
is well known to most retail investors via a variety of distribution channels; financial television, the print media, online news. But the really big market battle, one with the potential to impact the entire US economy, happens, as is usual in finance, just out of sight of retail eyes ... [more inside]
posted by Mutant
on May 13, 2009 -