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Former resident’s account of Kingston, New York, a city striving for self-sufficiency through agricultural initiatives, a regional micro-currency, and a local healthcare system based on barter.
"Economists, for obvious reasons, can’t be completely oblivious to the role of banks, but they have spent much of the twentieth century arguing about what actually happens when someone applies for a loan. One school insists that banks transfer existing funds from their reserves, another that they produce new money, The one thing it never seemed to occur to anyone to do was to get a job at a bank, and find out what actually happens when someone asks to borrow money. In 2014 a German economist named Richard Werner did exactly that, and discovered that, in fact, loan officers ...Read More
"The 2020s are set to be a decade of dramatic economic and social upheaval, reversing many of the trends of the past 40 years, according to one of the world's largest banks. Key points: ...Read More
It makes perfect sense to me that young well-off people would seek out a platform like this. They want the alt DIY venue but they don't know where to find it or they are scared of being rejected. Paying to feel like you're part of something is so much easier. "At a recent Sofar Sounds show, I looked around and wondered if this is really what people want now: seamless, curated social experience. To see shows in coworking spaces and Ray-Ban stores and white-walled coffee shops. If this is truly where mainstream culture is headed, there’s comfort in how universally ...Read More
Unfortunately social care innovation and investment just doesn't sound as sexy as sending rockets to space or self driving cars; whilst one can argue progress in both areas are equally as important to human development and sustainability. No doubt the top down profit driven care sector has in part driven ...Read More
Pretty good piece, but I disagree with the characterization of union actions as "a drag". At risk of romanticizing collective action, my experience with unionization efforts is that when people are pushed to do the hard work of consistently "showing up" they usually find it affirming and vivifying. To characterize ...Read More
Is the subsidisation of companies such as Uber and Wework simply aimed at monopolising markets and driving down labor costs before Venture Capitalists can exit at huge profits by dumping on retail? I personally see the gig economy as having positive and negative consequences for the labor force, but it is hard to ignore concerns over how these organisations are being constructed run and their relationships with workers. ...Read More
"When you buy an album, some of that money goes directly to the artist. But with streaming, the royalty breakdown works very differently: Subscription dollars go into one big pool and are doled out to artists based on how many times their songs are streamed across a given service. So ...Read More
No! It’s time we all understood that this mess can’t be ‘fixed’. “To Mazzucato, a Green New Deal could be as bold as the 1969 moonshot”? More like as self-aggrandizing for bourgeois ecomomics as the 1969 moonshot for US-imperialism. A woke reformist is still just a reformist. Pity!
88% of sound engineers and producers are asked to work for free. 42% of participants reported doing ‘on spec’ work ⁠— meaning they’re only paid if the client ‘liked the work.’ „Of course, people will do favors for friends, but it’s completely unacceptable for record labels and commercial studios to exploit professionals in this way. We don’t employ someone to put in a new bathroom and then decide to pay them if we feel like it.” ...Read More
[use GNMT for english version, it's uncanny good at NOR->ENG] With regards to Modern Monetary Theory (MMT) and funding the green shift. ...Read More
The idea of (over -) identification or fusion for/with a specific group through perceived deprivation is not new though, it would be interesting to examine how much of this reciprocates with the individuals need of the consistent self.
Big pyramid scheme energy. “The potential new investment from SoftBank could unlock more financing options for WeWork, which is in talks for a $3 billion to $4 billion loan from a consortium of banks contingent on it raising additional capital, FT added.” ...Read More
"In today’s world of what Markovits calls “meritocratic inequality,” these highly skilled workers are not merely productive and desirable employees; they have come to dominate the rest of society from their perches in finance, tech, medicine, the law. (He calls them “superordinate workers,” as in, not subordinate—Young isn’t the only ...Read More