Provocation # 208 Crises and imagination. Arnold Toynbee, in his research into the fate of civilizations, explored the idea that the response of a civilization to crises was the most important part of determining what the future can be. Climate change is being faced by a political system and economics that seem unable to respond … Continue reading Post # 2040 Economics, crises and imagination
Provocation #207. Leisure and economics. Early economics was concerned with the well being of society, of all the people. This was limited because people acquiesced to the view that the population was divided between the rich and the poor and then into capitalists land owners, and the laborers. But there was still a vigorous discussion … Continue reading Post # 2039 Leisure and economics
Provocation # 206. More on monopoly. Last week I argued that the tendency of markets is toward monopoly and that the great monopoly - a combination of Google, Facebook, Apple, Microsoft and Amazon - combined with government and military - would be a centralizing authoritarian regime of terrible nightares. Science fiction at its worst. Some … Continue reading Post #2038 More on monopoly – and climate change
Provocation # 206 MonopolyEconomics prides itself on mathematical sophistication, yet.. Following up on the previous Post The functioning of the market is toward monopoly because those with power and money can acquire more power and money at cheeper prices than those with less. We sort of know this, but do we imagine our way to … Continue reading Post # 2037.
Terrific presentation of Zuboff's new book, the Age of Surveillance Capitalism: The fight for a human future at the new Frontier of Power. careful, passionate, broad spectrum analysis. https://www.youtube.com/watch?v=2s4Y-uZG5zk
Porovocation #204 Hard to rise up to the level of provocation when the news is so provocative. The US in Venezuela and the way the press falls in line with military interventions to protect the aid workers and volunteers. The history tells a story of oil companies back before Chavez, and Chavez failed because of … Continue reading Post # 2035 Taboos in economics.
Provocation #203 Management needs good economics. As society gets into trouble with climate, AI, and governance, it is clear that we face major problems that are not being well managed. If we start with the Greek economia as estate management we see that the concept was holistic: how to manage the estate for the well … Continue reading Post # 2035 Global management needs good economics
If the use of fossil fuels are not going to cut be cut sufficiently (eliminated) to prevent a 3 or 4° rise, are we willing to discuss how such a failure that might unfold? If economy is embedded in society, that just means complex feedback loops between the two. Discussing these feedback loops requires understanding both the economy and society. If … Continue reading post #2034. Essential quibbles. Economics misses the point.
Provocation # 201 Two thoughts 1. To prevent going over 2 degrees C we need to stop much use of carbon fuel. There is no plan to do so. Almost all plans look to replacement which is slow, the resulting uses still heat the environment. 1. Any serious curtailment of energy use will disrupt the … Continue reading Post # 2033 no plan for radical co2 reduction means emergent phenomena.
Provocation #200 Lets assume that any system that breakes the environment and destroys its people is a broken system, what happens next? I have been thinking that maybe it's pretty simple. Look at the sequence phasecharacteristicsHunter gatherersDetailed local knowledge, fire, language, kinship systemsempireWars, hierarchy, slaves, agricultureeconomicsGrowth, Finance, mass production, consumerism, individualism, treaty of Westphalia?? Each … Continue reading post # 2032. Four phases in human history