deep change in tech and economy

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We have innovation on many different levels, from materials to hardware organization to software to marketing to organization design to overall regulation. Many seem to think the lowest hardware levels are key, and other levels mostly go along for the ride. But not only is software as important as hardware, neither help much without good firm practices:

To Make Computers Useful, You Have To Fire People

http://www.overcomingbias.com/2012/03/to-make-computers-useful-you-have-to-fire-people.html

The $100bn Facebook question: Will capitalism survive 'value abundance'?

Chiang Mai, Thailand - Does Facebook exploit its users? http://www.aljazeera.com/indepth/opinion/2012/02/20122277438762233.html

Newspapers: It’s not a revenue problem, it’s a culture problem

The Project for Excellence in Journalism at the Pew Research Center has come out with a substantial new report on the efforts of newspapers both large and small to grow their digital businesses, and — not surprisingly, perhaps — the results are all over the map. Although on average the news is rather bleak, with more than $7 in print revenue lost for every $1 produced by digital , some papers have managed to generate some strong growth, while others have lost revenue on their digital operations. And if there is one thing that comes through loud and clear when it comes to explaining this discrepancy, it is that culture matters more than anything. http://gigaom.com/2012/03/05/newspapers-its-not-a-revenue-problem-its-a-culture-problem/
Those who watched the video I posted on Sunday saw me talking about this. http://www.avc.com/a_vc/2012/03/the-nature-of-the-firm-and-work-markets.html

The Nature Of The Firm and Work Markets

WEF

THE economic rough patch of the past few years inevitably inspires comparisons to and reconsiderations of last century's big economic calamity. http://www.economist.com/blogs/freeexchange/2011/12/business-cycles-0

Business cycles: Lessons of the 1930s

What this transition meant, however, is that jobs and livelihoods on the farm were being destroyed. Because of accelerating productivity, output was increasing faster than demand, and prices fell sharply. It was this, more than anything else, that led to rapidly declining incomes.

The Book of Jobs | Politics

http://www.vanityfair.com/politics/2012/01/stiglitz-depression-201201
http://www.wired.com/beyond_the_beyond/2011/11/global-rebellion-the-coming-chaos/

Global Rebellion: The Coming Chaos | Beyond The Beyond

*Well, I’m pretty used to seeing overheated essays of this kind, even from Californian university professors; but I’m sure not used to seeing ‘em on Al Jazeera.
De mees­ten ont­ken­nen het nog, maar het on­mo­ge­lij­ke dreigt zich bin­nen­kort te vol­trek­ken: we wor­den met z'n allen armer. Niet voor een jaar­tje of twee, maar voor een de­cen­ni­um of twee.

Komt er een einde aan de welvaartsgroei?

Men, women – and machines

The rise of interconnected digital machines is threatening to change our economy in profound ways T his month, we enter the season of Goodwill to All Men (and Women). But there is a bitter irony.
David Hummels, Rasmus Jørgensen, Jakob R.

Globalisation and higher education: Different degrees of success

One of the most consistent findings in educational studies of creativity has been that teachers dislike personality traits associated with creativity. Research has indicated that teachers prefer traits that seem to run counter to creativity, such as conformity and unquestioning acceptance of authority (e.g., Bachtold, 1974; Cropley, 1992; Dettmer, 1981; Getzels & Jackson, 1962; Torrance, 1963). The reason for teachers’ preferences is quite clear creative people tend to have traits that some have referred to as obnoxious (Torrance, 1963).

Teachers Don’t Like Creative Students

Occupy Wall Street

finance

cooperation