Deep change in tech and economy

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beyond finance edition
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 To Make Computers Useful, You Have To Fire People

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

Chiang Mai, Thailand - Does Facebook exploit its users? And where is the $100bn in the company's estimated value coming from? This is not a new debate. It resurfaces regularly in the blogosphere and academic circles, ever since Tiziana Terranova coined the term "Free Labour" to indicate a new form of capitalist exploitation of unpaid labour - firstly referring to the viewers of classic broadcast media, and now to the new generation of social media participants on sites such as Facebook. The $100bn Facebook question: Will capitalism survive 'value abundance'?
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. Newspapers: It’s not a revenue problem, it’s a culture problem
Those who watched the video I posted on Sunday saw me talking about this. But I didn't do it justice so I'm going to do a full post on this. The brilliant Nobel prize winning economist Ronald Coase (who is still alive!) The Nature Of The Firm and Work Markets The Nature Of The Firm and Work Markets
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010. Germany, with the advantages of scale that go with a population eight times bigger, lodged 335 patent applications per million residents. But the Czech Republic, of a similar size to Greece and Portugal, managed 16. Much-smaller Ireland boasted 112, according to calculations based on data on the EPO website. Figures on research and development are a little better. Greece spends just 0.6 percent of GDP on R&D, the same as in 1999. Analysis: Euro zone strugglers lack innovative knack Analysis: Euro zone strugglers lack innovative knack
WEF

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

The Book of Jobs | Politics
Niall Ferguson: The 6 killer apps of prosperity
How Technology is Recreating the 21st-century Economy How Technology is Recreating the 21st-century Economy W. Brian Arthur, PARC Visiting Researcher series: Entrepreneurial Spirit 4 August 20115:30-7:00pmGeorge E.
Welcome to the Gig Life. The boom in independent work is changing the way we think about jobs and careers. Does Washington get it? It's been called the Gig Economy, Freelance Nation, the Rise of the Creative Class, and the e-conomy, with the "e" standing for electronic, entrepreneurial, or perhaps eclectic. Everywhere we look, we can see the U.S. workforce undergoing a massive change. The Freelance Surge Is the Industrial Revolution of Our Time - Sara Horowitz - Business The Freelance Surge Is the Industrial Revolution of Our Time - Sara Horowitz - Business
Here's a sampling: ... "The Apple idea is that instead of the personal computer model where people own their own information, and everybody can be a creator as well as a consumer, we're moving towards this iPad, iPhone model where it's not as adequate for media creation as the real media creation tools, and even though you can become a seller over the network, you have to pass through Apple's gate to accept what you do, and your chances of doing well are very small, and it's not a person to person thing, it's a business through a hub, through Apple to others, and it doesn't create a middle class, it creates a new kind of upper class. ... Google has done something that might even be more destructive of the middle class, which is they've said, "Well, since Moore's law makes computation really cheap, let's just give away the computation, but keep the data." And that's a disaster.

The Local-global Flip, Or, "the Lanier Effect"

The Local-global Flip, Or, "the Lanier Effect"
Global Rebellion: The Coming Chaos | Beyond The Beyond 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. The Murdoch operation created the Tea Party, but the Al Jazeera apparatus can knock over entire chunks of continents. It’s like tiger versus shark.
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. De dub­be­le up­per­cut van de schul­den­cri­sis en de ver­grij­zing zal een bruusk einde maken aan an­der­hal­ve eeuw van wel­vaarts­groei, voor­spel­len eco­no­men. Voor­al de jon­ge­re ge­ne­ra­tie ris­keert het gelag te be­ta­len. 'We zit­ten op een vul­kaan.' 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 This month, we enter the season of Goodwill to All Men (and Women). But there is a bitter irony.
David Hummels, Rasmus Jørgensen, Jakob R. Munch, Chong Xiang , 10 December 2011 Fuelled by concerns over rising income inequality, Occupy Wall Street has grown into a global movement in slightly over 2 months, with protests in over 900 cities worldwide. Protestors have been criticised for lacking a specific set of policy demands, but in this the protestors are hardly alone. 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
We are rich enough. Economic growth has done as much as it can to improve material conditions in the developed countries, and in some cases appears to be damaging health. If Britain were instead to concentrate on making its citizens' incomes as equal as those of people in Japan and Scandinavia, we could each have seven extra weeks' holiday a year, we would be thinner, we would each live a year or so longer, and we'd trust each other more. The Spirit Level : Why More Equal Societies Almost Always Do Better by Richard Wilkinson and Kate Pickett Epidemiologists Richard Wilkinson and Kate Pickett don't soft-soap their message. It is brave to write a book arguing that economies should stop growing when millions of jobs are being lost, though they may be pushing at an open door in public consciousness. Review: The Spirit Level by Richard Wilkinson and Kate Pickett | Books
België ontsnapt aan toename ongelijkheid
Tim Harford — Adapt
The British 1 Percent
Occupy Wall Street

American plutocracy
The Undeserving One Percent? - Raghuram Rajan - Project Syndicate
Life in Europe's squeezed middle
Germany pessimistic about future
The Global Hollowing Out of the Middle Class (No, It's Not Just the U.S.) - Derek Thompson - Business
Is het kapitalisme verdoemd?
'We zitten in een twilightzone tussen oud en nieuw'
American Middle Class Dwindles As Household Income Drops To 1996 Levels
The Job is Dying – The Need for a New Way to Make a Living | Queen Street Commons
The Big Data Boom Is the Innovation Story of Our Time - Atlantic Mobile
Twenty Years Fore & Aft
Andy Stern: China's Superior Economic Model
finance

Don Sull, Strategy through turbulence - McKinsey Quarterly - Strategy - Strategic Thinking
cooperation

5 ideeën van Pattie Maes
Een gps in ons hoofd
Why Artifical Intelligence Is Closer Than We Realize
Internettrends 2011 Meeker
Race Against the Machine
Here Comes the Sun