The Atlantic recently had a piece looking at the decline in home and car ownership amongst the young, and their migration to urban centers, dubbing this “The Cheapest Generation” This demographic felt the need to explain the freedom of not owning in their own words, pointing out that cheap and broke are not the same thing, even though they can be similar, behaviorally.
Tag: economy
Trade-offs between inequality, productivity, and employment
You can only consume so much, but you can hedge against risk to an unlimited degree, and the ultra-wealthy do, suggests Interfluidity, and this makes a mess of a consumption-based economy when you get too much wealth concentrated in a few actors. It’s an interesting argument, but it does kind of hinge on a zero-sum game setting — insurance against risk going only to the highest of bidders (lifeboats on a libertarian Titanic). WWII as a giant re-set button, leading to a temporary age of prosperity. What’s the next re-set? Climate change seems like a good candidate…
Legalizing Crowdfunded Startups
Crowdfunding, Why the SEC Bans It, Obama Wants It, and Banks Fear It. Kickstarter would be illegal if you were making investments in a business, instead of donations to a cause. Even so, people have raised on occasion hundreds of thousands of dollars via the site for honor-system bound innovation. Hopefully this will be legitimized soon.
College Students Using Sugar Daddies To Pay Off Loan Debt
Something like 15-30% of female undergraduates claim to be willing to use sex work to pay off their student loans, and there are apparently dozens of websites designed to help them do just that. Apparently Belle de Jour was only a tiny bit ahead of her time.
California Dreaming
An hour long interview based documentary by some Dutch filmmakers about the changing social and economic realities of southern California, in the wake of the financial crisis, and America’s general malaise.
It’s dangerous to cling to an identity which is no longer compatible with reality. Remember the Norse and their Greenlandic colonies. In the long run I think adaptability is the greatest kind of power you can wield. Evolutionary power.
We need, in so many ways, to move beyond thinking of ourselves as consumers, instead of citizens. Consumers, instead of producers and creators. Society and culture are almost infinitely flexible, if you’ve got the right mindset and a reason to change.
The Rise of the New Global Elite
A nice long-form piece from The Atlantic on the phenomenon and dangers of the New Plutocrats… not just Lloyd Blankfein and his parasitic bankster ilk, but nearly everyone who stands at the so-called Commanding Heights of industry, including productive innovators. The developed world was all to hot to globalize the economy when we thought we’d always stay on top. But that was ridiculous of course. Now “on top” is just a few people scattered all over, and most of us will slide toward the very large bottom if we’re not careful.
Links for the week of May 29th, 2010
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Links for the week of February 21st, 2010
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Links for the week of September 4th, 2009
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Links for the week of Jul 16th
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- Wal-Mart To Become Green Umpire – Wal-Mart arguably has more control over and insight into its supply chain than any other company on earth. The information they need in order to be able to force their suppliers to produce the goods as cheaply as humanly possible overlaps substantially with the information required to provide transparent information about the environmental impacts of those same products. Wal-Mart says they want to use this power for good… for telling, in condensed form, the sustainability back-story for their products. But will they tell the truth? Will it be transparent? Will it be verifiable? And even if it is… will their customers care? Might it change their customer base?
- Howtoons – A series of comics which both tell stories, and inspire kids to build their own toys and tools. Wonderful hacker propaganda.
- Where's the Real Bottleneck in Scientific Computing? – A story about a computer scientist talking to physicists who have hundreds of thousands of lines of code, and don't know what version control or unit testing is. Hmm. I guess I don't really know what unit testing is either.
- Software Carpentry – A Python based tutorial for scientists and engineers who need to learn how to (actually) program. How could it have taken this long to appear?