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Why Being Bored Is Good | The Walrus
Boredom, especially the species of it that I am going to label “neoliberal,” depends for its force on the workings of an attention economy in which we are mostly willing participants. In the form of pervasive distraction and proffered connection or communication, social media and other online mechanisms act to harvest our attention. Sites are rated for number of hits, or stickiness, while those from whom the attention is reaped congratulate themselves on likes, retweets, and high numbers of friends or followers. In all these acts, we do the attention economy’s work. But it is not the specific platform or medium that lies at the root of this eerie economy in which we are made to feed upon ourselves, turning desire and attention themselves into commodities we give away for free. Rather, it is the Interface: the complex and often invisible set of relations that conjoins individuality, longing, technology, and structural interests. Not all Interfaces are linked to screens but all are linked to selves and their desires. Our self-commodification within the attention economy makes us unwitting labourers for capital. It also makes us serial sufferers of boredom, too often addicted to means that falsely promise alleviation and bring only repetition. Here we sit, shadow selves, hollowed out from within by alienation from our own attention.
psychology  economics  capitalism  thinking  criticalGaming 
9 days ago by basemaly
This Report Makes It Perfectly Clearly Who Automation Is Working For
If you want to get a sense of who, exactly, automation is working for right now, well, there’s a study for that. Spoiler—it’s the c-suite executives doing the automating.
automation  business  AI  work  Future  economics  capitalism 
10 days ago by basemaly
Unlivable wages in expensive cities are plaguing the video game industry | Digital Trends
The game industry has seen increased reports of crunch and massive layoffs over the last year. One issue that isn’t talked about nearly as much, however, is the rampant problem with low and unfair pay. Digital Trends spoke to developers that have struggled with this issue and the problems they’ve faced because of it.
work  videogames  publishing  liberties  economics  capitalism  money 
13 days ago by basemaly
Credit Scores Could Soon Get Even Creepier and More Biased - VICE
Credit scores based on AI and non-traditional data such as your social media profile could usher in a whole new way for banks to discriminate.
algorithm  AI  economics  failure  business  money 
5 weeks ago by basemaly
Uber’s Path of Destruction - American Affairs Journal
"In reality, Uber’s platform does not include any technological breakthroughs, and Uber has done nothing to “disrupt” the economics of providing urban car services. What Uber has disrupted is the idea that competitive consumer and capital markets will maximize overall economic welfare by rewarding companies with superior efficiency. Its multibillion dollar subsidies completely distorted marketplace price and service signals, leading to a massive misallocation of resources. Uber’s most important innovation has been to produce staggering levels of private wealth without creating any sustainable benefits for consumers, workers, the cities they serve, or anyone else."
capitalism  technology  failure  economics  business  gametheory 
5 weeks ago by basemaly
Why Silicon Valley Loved Uber More Than Everyone Else - The Atlantic
But some of it should go to Silicon Valley’s cultural divergence from the business reality. Investors loved the company not as an operating unit, but as an idea about how the world should be. Uber’s CEO was brash and would do whatever it took. His company’s attitude toward the government was dismissive and defiant. And its model of how society should work, especially how labor supply should meet consumer demand, valorized the individual, as if Milton Friedman’s dreams coalesced into a company. “It’s almost the perfect tech company, insofar as it allocates resources in the physical world and corrects some real inefficiencies,” the Uber investor Naval Ravikant told San Francisco magazine in 2014.
investment  capitalism  economics  business  criticism 
7 weeks ago by basemaly
4 Years of College, $0 in Debt: How Some Countries Make Higher Education Affordable - The New York Times
When we asked people around the world what sort of financial burden they bore for their higher education, we heard how much it varies from country to country.
university  economics  capitalism  money  education 
7 weeks ago by basemaly
Greed in the New Gilded Age - Lawyers, Guns & Money
Yeah, see, free market economics is trash. The rules don’t work because they assume their rules matter more than the unquenchable greed of employers. The only reason employers have ever paid workers more is because those workers organized into unions and forced them to do so. Sure, theoretically, employers might pay higher wages when it’s harder to find employees, but that’s a position of last resort.
economics  criticalGaming  incentive  business  capitalism  liberties  failure 
10 weeks ago by basemaly
New York Fed's Educational Comic Book Series - FEDERAL RESERVE BANK of NEW YORK
The New York Fed’s Educational Comic Book Series teaches students about basic economic principles and the Federal Reserve’s role in the financial system. Created for students at the middle school, high school, and introductory college levels, the series can help stimulate their curiosity and raise their awareness of careers in economics and finance. In addition, lesson plans created for each comic book meet national and state standards for New York, New Jersey, and Connecticut. The New York Fed has published comic books since the 1950s and is reintroducing this popular series with a modern spin. While the comic books are intended for a student audience, they are also available to the public.
comics  publishing  economics  money 
11 weeks ago by basemaly
How to Fix the Adjunct Crisis - The Chronicle of Higher Education
Why won’t anyone say the obvious: no one should work as an adjunct." That Facebook post by Claire B. Potter created a little firestorm last fall, which Potter, a professor of history at the New School, fueled with an essay on Inside Higher Ed: "Why Adjuncts Should Quit Complaining and Just Quit." Her argument: "If people refused this labor and did something else with their Ph.D.s — which, according to studies done by professional associations is more than viable — institutions would be forced to adjust their hiring practices."
work  university  education  learning  economics  failure 
april 2019 by basemaly
Abigail Disney Has More Money Than She’ll Ever Spend
Abigail Disney, heiress to the Disney fortune, has more money than she’ll ever spend. Here, she talks about being raised in a wealthy family.
capitalism  economics  money  culture  liberties  interview 
april 2019 by basemaly
It's impossible to lead a totally ethical life—but it's fun to try — Quartz
There isn’t a simple answer to complex questions, but the ethical approach is to engage with the difficulties rather than avoiding them.
capitalism  ethics  economics  politics 
march 2019 by basemaly
The Complicated Economy of Open Source Software
A look at the complicated business of funding open source software development.
work  capitalism  business  opensource  freeware  liberties  economics 
march 2019 by basemaly
What Happened to the Uber-for-X Companies - The Atlantic
Ten years after Uber inaugurated a new era for Silicon Valley, we checked back in on 105 on-demand businesses. "An unkind summary, then, of the past half decade of the consumer internet: Venture capitalists have subsidized the creation of platforms for low-paying work that deliver on-demand servant services to rich people, while subjecting all parties to increased surveillance."
surveillance  data  capitalism  economics  business  liberties 
march 2019 by basemaly
Robert Reich: America Is a Socialist Country for the Rich
In the conservative mind, socialism means getting something for doing nothing. That pretty much describes the $21 billion saved by the nation’s largest banks last year thanks to Trump’s tax cuts, some of which went into massive bonuses for bank executives. On the other hand, more than 4,000 lower-level bank employees got a big dose of harsh capitalism. They lost their jobs.
capitalism  economics  politics  liberties 
february 2019 by basemaly
U.S. Bureau of Labor Statistics
The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics.
economics  research  business  reference  data  work 
january 2019 by basemaly
Economic Census
Welcome to the 2017 Economic Census page. Provided are tools and information to help businesses respond and learn more about the data. The first data release will be in September 2019.
economics  research  reference  business  data 
january 2019 by basemaly
How children playing Fortnite are helping to fuel organised crime | The Independent
Discounted V-bucks are being sold in bulk on the dark web – a hidden section of the internet only accessible using specialist software – as well as in smaller quantities on the open web by advertising them on social media platforms like Instagram and Twitter. By posing as potential customers, Sixgill agents uncovered operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English.
crime  law  videogames  economics 
january 2019 by basemaly
From Motley Fool Pro: Options 101 -- The Motley Fool
Many investors approach options with skepticism and caution – some simply refuse to even consider them. That's not entirely unreasonable – you don't need to use options in order to be a successful investor. Even I believed for a long time that options were not a Foolish way to invest.
investment  business  economics  money 
january 2019 by basemaly
More than half of Americans say they didn’t get a pay raise this year - MarketWatch
The economy is thriving, but many Americans say they aren’t seeing a difference in their paychecks.
work  capitalism  business  economics 
december 2018 by basemaly
Rich People Are Getting Away With Not Paying Their Taxes - The Atlantic
An eight-year campaign to slash the IRS’s budget has left the agency understaffed, hamstrung, and operating with archaic equipment. The result: a hundred-billion-dollar heist.
Taxes  law  corruption  capitalism  economics 
december 2018 by basemaly
The costs of corruption: values, economic development under assault, trillions lost, says Guterres | UN News
Every year, trillions of dollars - equivalent to more than five percent of global GDP - are paid in bribes or stolen through corruption, the United Nations reported on the International Day which serves to highlight the pervasive crime, marked this Sunday.
corruption  crime  business  capitalism  economics 
december 2018 by basemaly
Are Millennials Giving Up on Entrepreneurship? - The Atlantic
A lack of personal savings, competition from abroad, and the threat of another economic downturn make it harder for Millennials to thrive as entrepreneurs.
business  work  capitalism  economics 
december 2018 by basemaly
Nine of every 10 Silicon Valley jobs pays less than in 1997
Technology workers saw a median wage increase of 32 percent over the past 20 years, the study found. But Silicon Valley workers in virtually all other areas lost ground during that time. Across all jobs, wages for even the highest-paid 10 percent increased just under 1 percent, the study found.
work  business  economics 
november 2018 by basemaly
Bernie Sanders Is Partnering With A Greek Progressive To Build A New Leftist Movement
Yanis Varoufakis, famous for his motorcycle-riding style and clashes with the EU while serving as Greece’s finance minister, is teaming up with the Vermont senator to reboot progressivism.
politics  liberties  economics  capitalism 
october 2018 by basemaly
The Nobel Committee Honors the Economics of Market Failure | The New Yorker
John Cassidy writes about the work of Bill Nordhaus and Paul Romer, the scholars who won this year’s Nobel Prize in Economics, which studies how market economies sometimes fail to work as advertised.
economics  capitalism  climate 
october 2018 by basemaly
Economics Nobel laureate Paul Romer is a Python programming convert — Quartz
Economist Paul Romer is a fan of open-source programming and critic of proprietary software.
economics  python  data  publishing  research  webtools 
october 2018 by basemaly
Scientists Warn the UN of Capitalism's Imminent Demise - Motherboard
Climate change and species extinctions are accelerating even as societies are experiencing rising inequality, unemployment, slow economic growth, rising debt levels, and impotent governments. Contrary to the way policymakers usually think about these problems, the new report says that these are not really separate crises at all. Rather, these crises are part of the same fundamental transition to a new era characterized by inefficient fossil fuel production and the escalating costs of climate change. Conventional capitalist economic thinking can no longer explain, predict, or solve the workings of the global economy in this new age, the paper says.
capitalism  climate  environment  economics  politics  Future 
august 2018 by basemaly
See No Evil
Software helps companies coordinate the supply chains that sustain global capitalism. How does the code work—and what does it conceal?
economics  business  capitalism  organization 
august 2018 by basemaly
John Lanchester · After the Fall: Ten Years after the Crash · LRB 5 July 2018
The common factor explaining all these phenomena is, I would argue, the credit crunch and, especially, the Great Recession that followed... Perhaps the best place to begin is with the question, what happened? Answering it requires a certain amount of imaginative work, because although ten years ago seems close, some fundamentals in the way we perceive the world have shifted. The most important component of the intellectual landscape of 2008 was a widespread feeling among elites that things were working fine. Not for everyone and not everywhere, but in aggregate: more people were doing better than were doing worse. Both the rich world and the poor world were measurably, statistically, getting richer.
economics  politics  capitalism  business  Taxes  corruption 
july 2018 by basemaly
Fredric Jameson: Future City. New Left Review 21, May-June 2003.
After the dilapidation of urban modernism, what kinds of city and what forms of architecture await us? The author of The Seeds of Time considers their flowers in the dizzying work of Rem Koolhaas, the mega-developments of the Pearl River Delta and the conceptualization of ‘Junkspace’. Breaking back into history with a battering-ram of the postmodern?
cities  worldbuilding  capitalism  economics  criticism 
july 2018 by basemaly
Blockchain's Once-Feared 51% Attack Is Now Becoming Regular – Telegraph
At least five cryptocurrencies have recently been hit with an attack that used to be more theoretical than actual, all in the last month. In each case, attackers have been able to amass enough computing power to compromise these smaller networks, rearrange their transactions and abscond with millions of dollars in an effort that's perhaps the crypto equivalent of a bank heist.
crime  economics  money  blockchain 
june 2018 by basemaly
The Psychology of Money
That’s because investing is not the study of finance. It’s the study of how people behave with money. And behavior is hard to teach, even to really smart people. You can’t sum up behavior with formulas to memorize or spreadsheet models to follow. Behavior is inborn, varies by person, is hard to measure, changes over time, and people are prone to deny its existence, especially when describing themselves.
money  psychology  business  innovation  capitalism  economics 
june 2018 by basemaly
American tech giants are making life tough for startups - Into the danger zone
IT IS a classic startup story, but with a twist. Three 20-somethings launched a firm out of a dorm room at the Massachusetts Institute of Technology in 2016, with the goal of using algorithms to predict the reply to an e-mail.
business  socialnetwork  capitalism  economics  innovation 
june 2018 by basemaly
Forget fears of automation, your job is probably bullshit anyway | WIRED UK
Governed by the need to maximise profits and minimise costs, companies subject to “pure” capitalism would gain no advantage in hiring unnecessary staff. However, Graeber points out that many industries no longer operate on this dynamic of profit and loss. Instead some industries like accountancy, consultancy and corporate law, are rewarded through huge, open contracts, where the incentive is to maximise the length, cost and duration of the project...But Graeber suggests that managerial feudalism is not the result of careful planning, central directives or an orchestrated conspiracy organised by a cabal of the world’s wealthiest people. It is more the result of inaction. Failing to invest in new technologies, to consider the adoption of policies like universal basic income and to challenge stale moral assumptions concerning work. In sum, it is the failure to change the status quo, which Graeber believes has enabled the ruling class to continue the management of people through labour.
work  automation  economics  capitalism  psychology  Health 
may 2018 by basemaly
High-Paying Trade Jobs Sit Empty, While High School Grads Line Up For University : NPR Ed : NPR
Huge shortages loom in the skilled trades, which require less — and cheaper — training. Should that make students rethink the four-year degree?
education  work  university  learning  economics 
april 2018 by basemaly
The Bitcoin Boom: In Code We Trust - The New York Times
Bitcoin may be in a bubble, but it is part of a much bigger trend that is here to stay: a shift in trust from government to technology.
economics  business  politics  technology  blockchain 
december 2017 by basemaly
Silicon Valley Is Turning Into Its Own Worst Fear
We asked a group of writers to consider the forces that have shaped our lives in 2017. Here, science fiction writer Ted Chiang looks at capitalism, Silicon Valley, and its fear of superintelligent AI.
ai  business  capitalism  economics 
december 2017 by basemaly
Silicon Valley Is Turning Into Its Own Worst Fear
We asked a group of writers to consider the forces that have shaped our lives in 2017. Here, science fiction writer Ted Chiang looks at capitalism, Silicon Valley, and its fear of superintelligent AI.
capitalism  ai  criticism  culture  economics  business 
december 2017 by basemaly
Angry Optimism in a Drowned World: A Conversation with Kim Stanley Robinson | CCCB LAB
Reflections from a science-fiction angle on the scenarios posed by climate change and the defence of the imagination to help find real solutions.
economics  capitalism  Future  worldbuilding  interview 
november 2017 by basemaly
A New Way to Learn Economics | The New Yorker
John Cassidy writes about CORE Econ, a new introductory economics curriculum that is modern, comprehensive, and freely available online.
education  learning  economics 
september 2017 by basemaly
The Californian Ideology | Mute
'Not to lie about the future is impossible and one can lie about it at will' - Naum Gabo
There is an emerging global orthodoxy concerning the relation between society, technology and politics. We have called this orthodoxy `the Californian Ideology' in
politics  culture  capitalism  economics 
august 2017 by basemaly
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