Rewrite the rules to benefit everyone, not just the wealthy - "If there's one thing Joseph Stiglitz wants to say about inequality, it's that it has been a choice, not an unexpected, unfortunate economic outcome. That's unnerving, but it also means that citizens and politicians have the opportunity to fix the problem before it gets worse." (via) [more inside]
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]
What Russians really think - "Many in the west see Russia as aggressive and brainwashed. But its citizens have a different view." Meanwhile,[1,2] in Moscow and Lviv...
UN Climate Report: We Must Focus On 'Decarbonization', and It Won't Wreck the Economy - "The basic message is simple: We share a planet. Let's start acting like it." [more inside]
The Two Cultures and the Scientific Revolution - "[Charles Percy Snow] was pleading for a more adequately educated ruling class so that the suffering of the poor might be ameliorated... Snow wanted to believe something like this: political decisions in the modern world often concern how to deploy science and technology, so people well-trained in science and technology will be better prepared to make those decisions. But that's a syllogism without a minor premise." (previously) [more inside]
Sudbury Valley School - "It upends your views about what school is for, why it has to cost as much as it does, and whether our current model makes any sense at all. But what's most amazing about the school, a claim the founders make which was backed up by my brief observations, my conversations with students, and the written recollections of alumni, is that the school has taken the angst out of education. Students like going there, and they like their teachers. Because they are never made to take a class they don't like, they don't rue learning. They don't hate homework because they don't have homework. School causes no fights with their parents." (previously-er) [more inside]
Kids In Vietnam Are Crazy Good At Programming - '11th graders in Vietnam are so good at programming that they could easily pass an interview at Google' (via)
"so you can imagine, here I was, an analyst at a hedge fund; it was very strange for me do to something of social value"
Salman Khan: The Messiah of Math - "His free website, dubbed the Khan Academy, may well be the most popular educational site in the world. Last month about 2 million students visited. MIT's OpenCourseWare site, by comparison, has been around since 2001 and averages 1 million visits each month... [more inside]
The Higher Education (Debt) Bubble - "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should... [more inside]
How to Save a Dying Ocean - "New England fishermen have mixed feelings about a programme designed to allow overfished species to recover. Mark Schrope reports on how catch shares have scientists fishing for answers." (via) [more inside]
Rebuilding Something Better by Barack Obama: "this week, I'll be talking about how we give our workers the skills they need to compete... Part of this goal will be met by helping Americans better afford a college education. But part of it will also be strengthening our network of community colleges..." [more inside]
Search for an Rx - We asked Johns Hopkins administrators, physicians, and researchers about the health of a system Americans rely on to keep them healthy. Afterall, an ounce of prevention... [more inside]
Andy Grove on Our Electric Future - "Energy independence [viz.] is the wrong goal. Here is a plan Americans can stick to." Perhaps some infrastructure spending1,2 is in order? [etc., &c., cf.] [more inside]
Speaking of speeches, David Eggers delivers one at TED on grassroots community tutoring for kids who need help with their English homework: "There's something about the kids finishing their homework in a given day, working one on one, getting all this attention. They finish their homework, they go home -- they're finished. They don't stall. They don't do their homework in front of the TV. They're allowed to go home 5:30, enjoy their family, enjoy other hobbies, get outside, play and that makes a happy family. A bunch of happy families in a neighborhood is a happy community. A bunch of happy communities tied together is a happy city and a happy world, right? So, the key to it all is homework." Love him or hate him (mefi consensus) it's a great example of
nervous energy microphilanthropy, social entrepreneurship and, if I may make the connection, machines of loving grace. [previously]
Saddam's Confessions - Given Saddam Hussein's central place in the American Consciousness over the last couple decades and particularly in recent years, I found 60 minutes' interview with FBI interrogator George Piro pretty fascinating.