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October 25 2014

Wenn ich teilnehmen muss, ist der Markt nicht frei.
Bedingungsloses Grundeinkommen - Niemand arbeitet mehr für sich selbst
Reposted byRKsoberlordminxfpletztoboldCarridwenNorkNorkjaggernicapicellasofiasgingerglueKryptonitenitroventdieschlangekaa

May 16 2014

We associate maturity with a sober acceptance of a great many things that we should refuse to accept.

Why is there still so much suffering all around? Why do some have so much and others so little? Why are most jobs mindless? Why can’t there be more security and leisure? Why do anxiety and fear persist almost everywhere? Aren’t we destroying the planet for no particular reason or reward? Couldn’t we start again in some new way?

We are made to understand – in a variety of subtle ways – that these aren’t serious questions (growing up means being made very aware of the dangers of being idealistic or even worse ‘naive’); these are the sorts of questions that fourteen-year-olds write poems about or argue with their parents over.

Depart from the agenda and with bewildering speed, one ends up in territory deemed ‘radical’ and therefore, ridiculous – even if most of what we now take for granted (a minimum wage, child protection, environmental legislation) started off by seeming entirely radical, if not insane, to ‘sensible’ opinion.

[These questions are] at this point in our history too significant to be stumblingly raised only in private in the middle of the night or else shouted in a hoarse voice from a megaphone seconds before a police charge.
How economic news keeps us dumb and stops us changing the world | Philosophers' Mail
Reposted byRKRekrut-Kastridsinglewhitemaleblubberiggy02mydafsoup-01soberjaggermanxxpaketmk55

May 07 2014

Surveying the problems of Capitalism, the standard response of the left has been to suggest that one simply tax the rich more. But this fails to grasp, and therefore properly to exploit, the real psychological motives of the rich.

The rich only pursue money fanatically (to our great collective cost) because wealth appears to be the primary, most objective source of honour in the modern world. If only we can fix how honour is obtained, we will be able to redirect their mania to more socially beneficial ends in ways that don’t demand that the rich become ‘nice’.

In the commercial world, there are at present no systematic, fail-safe methods for gaining status in return for doing what society desperately needs capitalists to do: treat their workers well and produce useful, safe, environmentally-sound goods and services.
What the rich really want. And why we should give it to them | Philosophers' Mail
Reposted byastridMerariRKylem235straycatRekrut-K

February 24 2014

[We should be] fixated on creating abundance, not redividing scarcity.
Start-Up America: Our Best Hope - Paul Krugman
Krugman claims that's what Silicon Valley startups already do. Not sure that's such a generally true statement, and it's been rightfully lambasted – but as an ambition I subscribe to it.
Reposted byylem235riot

February 11 2014


January 22 2014


October 08 2012

Industrialism is over; the question remains how we organize the economy that follows. Either it falls in on us, and crushes civilization, or we reconstruct it and unleash the imagination of a more sustainable future into our daily acts of commerce.
Protecting our industries because we want to be pro-business and pro-jobs will have the same level of effectiveness as did the Soviet effort to maintain its industries in the 1970s and 1980s.
— Paul Hawken (via)
Reposted byzEveRstettinerpppSchlaubergylem235sober

July 24 2012

Technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.
Jevons paradox / Rebound effect
Reposted byjaphyfinkreghbrightbyteareyouboredathalissofiasmondkroetebollabolla

June 11 2012

The theory of machinery is that it saves time, but ... as there are no limits to [man's] wants, [it] really increases the power of production. That is, the industrialized world wants more goods, not more time, and so the machinery doesn’t increase freedom and leisure, it increases production and consumption.
— Rebecca Solnit: River of Shadows (partly quoting 19th century railroad tycoon and university founder Leland Stanford)
Reposted byiloyanshallown0gkrekkhagisbollabolladermobbbdaanton-pirkersoberwonkohaberbrightbytehenteaserfaselmondkroeteromanofskillankruXazaseglerion-justforfunmisermiserFrauJulebesen

December 02 2011

In today’s world of maximizing shareholder value, CEOs and their top managers have massive incentives to focus most of their attentions on the expectations market, rather than the real job of running the company producing real products and services. ... Expectations are where the money is, and improving real-market performance is the hardest and slowest way to increase expectations.

In the period of shareholder capitalism, executive compensation has exploded while corporate performance has declined. “Maximizing shareholder value” turned out to be the disease of which it purported to be the cure.
The Dumbest Idea In The World: Maximizing Shareholder Value - Forbes
Reposted byjaphy02mydafsoup-01darksideofthemoonwizard23finkregh

March 14 2010

The control room of Cybersyn, a Chilean attempt at real-time computer-controlled planned economy in the years 1970–1973, when it was destroyed after a military coup. (via Hacker News)
Reposted byprimevaldocquehyacintxantifuchsdeepthoughtretrofuturevillagalgenbergnibblerstarbugdarwinmonkylem235proquarjulianturnerlsanojInte

October 18 2009

Schulden können zwar den einzelnen Schuldner ins Elend treiben, aber auf einer allgemeineren, systemischen Ebene machen Schulden nicht arm, sondern reich. Schon für den „ehrbaren Kaufmann", erst recht für den Industriellen, und ganz gewiss für ganze Gesellschaften gilt: Man kann sich nicht reich sparen, man kann sich nur reich investieren. ... Hätten die Menschen nicht begonnen über ihre Verhältnisse zu leben, würden wir immer noch in weit ärmeren Verhältnissen leben.
Erlöse uns von unseren Schulden! - Robert Misik

June 14 2009

What we are experiencing is not a crisis of capitalism. It is a crisis of finance [over-leverage], of democracy [unwillingness to enact short-term pain for long-term gain], of globalization [national politics vs. global economy] and ultimately of ethics.
Zakaria: A Capitalist Manifesto | Newsweek.com
Reposted byGei0rfinrobi42Sigalon

April 02 2009

As long as managers are paid a percentage for managing other people's money, they will compete with each other based on the returns they appear to generate. The pressure to create out-sized returns will eventually force them to invent the latest complex scheme which will have the same effect: eventually the investors lose it all.
Semyon: The real cause of the financial crisis

March 30 2009

The technology stock bubble inflated in the late 1990s and collapsed in the early 2000s without devastating the economy. Why was that? Mainly because there wasn't much debt involved. Very few people had borrowed money with Pets.com shares as a collateral.
The Curious Capitalist - TIME.com

January 28 2009


Capital flows and the financial crisis – The Economist

"The deep causes of the financial crisis lie in global imbalances—mainly, America’s huge current-account deficit and China’s huge surplus."
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