16 posts tagged with democracy and technology.
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How to fix inequality: Squash the finance industry and redistribute more

Joe Stiglitz on Inequality, Wealth, and Growth: Why Capitalism is Failing (video; if you don't have 30m, skip to 20m for discussion of political inequality, wealth, credit and monetary policy) - "If the very rich can use their position to get higher returns, more investment information, more extraction of rents, and if the very rich have equal or higher savings rates, then wealth will become more concentrated... economic inequality inevitably gets translated into political inequality, and political inequality gets translated into more economic inequality. The basic and really important idea here is that markets don't exist in a vacuum, that market economies operate according to certain rules, certain regulations that specify how they work. And those effect the efficiency of those markets, but they also effect how the fruits of the benefits of those markets are distributed and the result of that is there are large numbers of aspects of our basic economic framework that in recent years have worked to increase the inequality of wealth and income in our society... leading to a society which can be better described, increasingly, as an inherited plutocracy." [more inside]
posted by kliuless on Jun 2, 2015 - 27 comments

Short-Termism, Secular Stagnation and Political Decay

Foundation: Public Goods and Options for the Bottom Billions - "Human beings just don't handle the very long run well" and that's where government increasingly comes in... (via) [more inside]
posted by kliuless on Apr 23, 2015 - 6 comments

Dealing with the transition to the information age

BIG and BOT Policy Proposals (transcript) - "Many of our current economic policies originated during times of scarcity. But now, says investor Albert Wenger, we live in an era of 'digital abundance', when creating new products costs virtually nothing. To adapt to the resulting economic upheavals, we won't need just more tech, says Wenger, but some strong policies. Here he explores two: basic income guarantee and the right to be represented by a bot." [more inside]
posted by kliuless on Jan 23, 2015 - 14 comments

The Social Construction of Money (Wealth/Capital in the 21st Century)*

The political economy of a universal basic income: "your view of what is feasible should not be backwards looking. The normalization of gay marriage and legalization of marijuana seemed utopian and politically impossible until very recently. Yet in fact those developments are happening, and their expansion is almost inevitable given the demographics of ideology... UBI — defined precisely as periodic transfers of identical fixed dollar amounts to all citizens of the polity — is by far the most probable and politically achievable among policies that might effectively address problems of inequality, socioeconomic fragmentation, and economic stagnation." [more inside]
posted by kliuless on Sep 19, 2014 - 62 comments

Snowden granted 3-year stay in Russia.

After several days in legal limbo, the world's most notorious whistleblower, Edward Snowden, has been granted a three-year stay in Russia. This is amid breaking news of Russia's issuing of a menu of its own sanctions against U.S./E.U. countries, et al. The former NSA employee has been stranded in Russia for more than a year. Recently, new leaks by other, as yet unknown whistle-blower(s) other than Snowden have surfaced, according to U.S. authorities. The leaks detail certain "rules" for targeting of people for surveillance (including merely searching for privacy software), as well as details on the kind of activity or relationships which may put innocent people on terrorist watch lists.
posted by fantodstic on Aug 7, 2014 - 54 comments

Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

Evenly distribute the future: Issuing more bio-survival tickets

VC for the people - "It's just that people who have options are much more likely to actually find success than people who don't." [more inside]
posted by kliuless on Apr 18, 2014 - 20 comments

Snowden To Address Audience in First Live Q&A, Days After EU Testimony

The good news is that there are solutions. The weakness of mass surveillance is that it can very easily be made much more expensive through changes in technical standards: pervasive end-to-end encryption can quickly make indiscriminate surveillance impossible on a cost-effective basis. The result is that governments are likely to fall back to traditional, targeted surveillance founded upon an individualized suspicion. Governments cannot risk the discovery of their exploits by simply throwing attacks at every “endpoint,” or computer processor on the end of a network connection, in the world. Mass surveillance, passive surveillance, relies upon unencrypted or weakly encrypted communications at the global network level.

Edward Snowden submits written testimony to an EU committee investigating mass surveillance, and answers questions. The testimony takes place 3 days ahead of his highly anticipated SXSW appearance, to take place later today. Snowden is expected to speak about privacy, security, mass surveillance programs, free speech and whistle-blowing in a rare remote video appearance before a live audience.
Kansas Congressman Mike Pompeo finds this “deeply troubling” in a letter he's sent to the organizers of the conference.

Meanwhile, people who wish to #asksnowden questions can use the hashtag on Twitter. The talk is to take place at 12pm PT, today.
posted by fantodstic on Mar 10, 2014 - 89 comments

Still far from that digital democracy any utopian could hope for.

7 (well, technically 6) myths of the digital divide.
posted by iamkimiam on Apr 26, 2013 - 8 comments

epistolary novel

Clay Shirky: How the Internet will (one day) transform government [1,2,3] [more inside]
posted by kliuless on Sep 26, 2012 - 46 comments

use value vs. exchange value

What Is Value? What Is Money? (via via) [more inside]
posted by kliuless on Sep 1, 2012 - 15 comments

The Failure of Judges and the Rise of Regulators

The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
posted by kliuless on Feb 23, 2012 - 25 comments

mad as hell

Dylan Ratigan's Howard Beale Moment (via se) [more inside]
posted by kliuless on Jul 19, 2010 - 35 comments

limits

The dangers of living in a zero-sum world economy - naked capitalism reprints (with added commentary) an FT article by Martin Wolf on why it's vital for (civilised) society to sustain a 'positive-sum' world, otherwise: "A zero-sum economy leads, inevitably, to repression at home and plunder abroad." Wolf's solution? "The condition for success is successful investment in human ingenuity." Of course! Some are calling for more socialism, while others would press on to build more megaprojects. For me, at least part of the solution lies in environmental accounting and natural capitalism :P
posted by kliuless on Dec 19, 2007 - 42 comments

The Economist: The World in 2007

In 2007 there will be lots of anniversaries, the web will keep killing the television star, the popcorn will taste familiar, humankind will come closer still to achieving immortality, and text messaging will conquer Africa. And although the spread of democracy is stalling (don't worry however - the Swedes still win (pdf)), it's still down to George Bush.

The Economist: The World in 2007.
posted by goodnewsfortheinsane on Dec 2, 2006 - 38 comments

Diebold

Diebold boss resigns pending fraud investigation
posted by Protocols of the Elders of Awesome on Dec 13, 2005 - 164 comments

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