Ethereum and Smart Contract Unicorn Woo-Woo – There Should Be a Law Against It
Why Ethereum and smart contracts don’t and will never live up to their hype.
Read more...Category Archives: Technology and innovation
Why Income Inequality Will Get Worse Before It Gets Better
A reader critical thinking exercise! Debunk an article that justifies rising inequality in the guise of offering policy advice
Read more...IMF Warns That Inequality, Poverty, Low Productivity Growth, Falling Workforce Participation Will Drag on US Growth
The IMF has become an unlikely reporter of unpleasant realities about the US economy, particularly the costs of inequality and distress. If only its prescriptions were better….
Read more...Artificial Intelligence and Employment
The substitution of human labour by artificial intelligence and robots is a keenly debated topic. Some claim that a substantial share of jobs is at risk, while others argue that computers and robots will lead to product innovations and hence to unimaginable new occupations. This column uses a survey of Japanese firms to examine the impact of AI-related technologies on business and employment. Overall, firms expect a positive impact on business but a negative impact on employment. Firms with a highly skilled workforce, however, have a more optimistic view than firms with lower skilled employees.
Read more...Debate: Is “Degrowth” the Way to Reduce Greenhouse Gases?
A debate on sustainable growth versus degrowth.
Read more...Where Did the Bernie Sanders Movement Come From? The Internet.
How the digital divide explains where Sanders did well, and not as well.
Read more...Michael Hudson: Warning to Europe – How the TTIP Threatens Public Health Care and Pensions
Why the TTIP poses a wide-ranging threat to European health and pension policies.
Read more...Should Banks Be Worried About Apple Pay?
Will Apple Pay eat retail payment systems?
Read more...In America’s Drone Wars, Collateral Damage Comes Home
Why you should care about America’s drone wars: among other things, they radicalize populations against us and traumatize the operators.
Read more...What “Hope” (and Change) Look Like in the Labor Market, According to the New York Times
Why aren’t all segments of the labor market equally crapified?
Read more...A Wake-Up Call on Climate Change and Clean Energy
Why 2017 could be an event horizon as far as climate change is concerned.
Read more...Oxfam Report on Rent Seeking Among the Top Wealthy Reinforces Neoliberal Shibboleths
A well-meaning effort to analyze rent-seeking goes off the rails.
Read more...How McKinsey Helped Turn Big Pharma into a Rent Extraction Business
How McKinsey contributed to the devolution of Big Pharma.
Read more...Google is Evil….
A case study of how Google tortures customers.
Read more...Cyber Security and the Financial System – What Do Governments Want from the Banks?
Governments are combining aggressive, ambitious talk with a curious helplessness in warning banks they really should be Doing Something about terrorist risk.
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