talking about the next economy

Every fortnight I curate some of the observations and insights that were shared on social media. I call these Friday’s Finds.

@kasthomas – “You have to wonder what happens to ‘official’ unemployment numbers when everyone has two jobs. Do they go negative?”

@kerihw“How department names change over time: Personnel > Human Resources > Sentient Assets > Flesh Liabilities”

The End of the Artist – via @davidbhutchens

“Now that we have established that it is difficult if not impossible to make money on intellectual property, unless you can afford a fleet of lawyers, how can we, the artists make enough money to spend adequate time on doing our work? Is it even possible to be a professional in the arts anymore? Let’s look at some of the possibilities:
1. Make our prices so low …
2. Find independent financial backing …
3. Do it in your spare time …
4. Be independently wealthy …
5. Academia …
6. Niche Markets …”

The blockchain will become our new signature – via @petervan

“By putting business licences, property titles or birth certificates on the blockchain, governments will enable citizens to digitally conduct transactions without lawyers, notaries or queuing at government offices. Once on the blockchain, registered ownership of a car, a home or other assets can be transferred from one person to another without the need for a government recorder or other third party, while still being legal and publicly acknowledged.”

Douglas Rushkoff – Fork the Economy

“The monetary system was designed not to help people create and exchange value, but rather to extract value from anyone hoping to transact. It was not designed to promote circulation, but to serve as a drag on circulation.

Making matters worse, central currency requires an economy to grow — and to do so faster and faster. If, for every $100,000 lent into circulation, $200,000 has to eventually be paid back, then where does the other $100,000 come from? Someone has to borrow or earn it.

Now this scheme works fine as long as the economy is growing — as the colonial powers were through their conquest of the world, and even America managed to do through corporate expansion in the decades following WWII. But our ability to grow has reached its limits. There are no more regions to conquer or developing nations to exploit. Efforts to escape into outer space notwithstanding, our planet has been stretched beyond its carrying capacity for additional extraction and growth.”

Salon – Uber fail: Why the start-up giant stumbled in Europe

“Because what Uber’s experience in Germany (and elsewhere in Europe) reveals is a truth that tends to be either rejected or ignored by most elites in America. Which, simply put, is this: While market forces do have a logic and power of their own, they are neither irrefutable nor divine. They can be tamed; they can be thwarted. Other values, like fairness or social cohesion, are sometimes more important.

Neoliberalism is not destiny, in other words.”


@NYTObitsAlan Rickman Dies at Age 69

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