Carlos Slim calls for a three-day working week "We've got it all wrong, says Carlos Slim, the Mexican telecoms tycoon and world's second-richest man: we should be working only three days a week." also btw: The four-day work week (previously)
seaQuest: what if we could learn to live on/underneath the oceans (or in orbit)? [previously(er)] [more inside]
What's Going On In Japan? "Really Japan is quite a remarkable case, since neither fiscal nor monetary policy seems to be working to achieve the anticipated results. This year Japan will have a fiscal deficit of around 10% of GDP and gross government debt will hit 235% of GDP, yet the country is still struggling to find growth. Instead of reiterating old dogmas (whether they come from Keynes or from Hayek) more people should be asking themselves what is happening here. This is not a simple repetition of something which was first time tragedy and is now second time tragedy, it is something new, and could well be a harbinger for more that is to come, elsewhere. Oh, why oh why are economists not more curious?" [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]
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."
Have you ever thought your boss might be a sociopath? According to some, you just might be right. A recent film called The Corporation actually goes so far as to argue that American-style free markets select for sociopathic tendencies. While some on the left seem all too eager to chime in with their self-righteous “I told you sos,” others on the right dismiss all such notions to defend free markets with open contempt… Which is strange when you consider that free market theory owes its existence to Darwin’s theories of natural selection, which many on the right don't accept. Seriously--help me sort this out, or else I'm going to have to conclude we've all gone crazy.