What if we just gave everybody money? It sounds simple, but universal basic income is a trendy idea again and a lot of you have asked for an episode about a future where everybody gets money from the government no matter what. And it turns out that while it sounds simple, just giving everybody money is way more complicated than you might thing.
Tagged with “economy” (10)
Our increasingly smart machines aren’t just changing the workforce; they’re changing us. Already, algorithms are directing human activity in all sorts of ways, from choosing what news people see to highlighting new gigs for workers in the gig economy. What will human life look like as machine learning overtakes more aspects of our society?
Alexis Madrigal, who covers technology for The Atlantic, shares what he’s learned from his reporting on the past, present, and future of automation with our Radio Atlantic co-hosts, Jeffrey Goldberg (editor in chief), Alex Wagner (contributing editor and CBS anchor), and Matt Thompson (executive editor).
The Creator Economy
Media innovations drive economic shifts, Saffo began.
“We invent new technology and then use it to reinvent ourselves.”
The Industrial/producer Economy.
At the beginning of the 20th century the leading scarcity was stuff, and so manufacture was systematized.
By 1914 one of Ford’s workers could buy a Model T car with four month’s salary.
Production efficiency won the Second World War for the allies.
In 1944 the US was producing 8 aircraft carriers a month, a plane every five minutes, and 50 merchant ships a day.
The process became so efficient that its success ended the dominance of that economy.
That always happens.
“Every new abundance creates an adjacent scarcity.“
The Consumer Economy.
The new scarcity was desire.
1958 brought the first credit card.
The CEOs of leading companies shifted from heads of production to heads of marketing.
Container ships doubled global trade.
The Creator Economy.
In 1971 Herbert Simon predicted, “A wealth of information creates a poverty of attention and a need to allocate that attention efficiently.”
The new scarcity turned out to be engagement.
The mass media television channels that had dominated the Consumer Economy were overwhelmed by personal media—YouTube, eBay, Facebook, Wikipedia, Twitter, Google, Etsy.
Hollywood was overwhelmed by video games.
(The blockbuster movie “Avatar“ opened in 2009 with a $73 million weekend.
The previous month, the game “Call of Duty: Modern Warfare 2” sold $310 million in 24 hours.)
Mass participation became the new normal.
Stuff is cheap; status comes from creation.
Value is created by engagement—-from Wikipedia entries to Google queries to Mechanical Turk services to Airbnb to Uber to Kaggle analyses.
Burning Man sets the standard of “no spectators.”
Makers insist that “If you can’t open it, you don’t own it.”
Saffo advised recalling four warnings for revolutionaries.
1) There are winners and losers.
2) Don’t confuse early results with long-term outcomes.
Successful insurgents become over-powerful incumbents.
Technologies of freedom become technologies of control.
If we want privacy now, we have to pay extra for it.
As with our smart phones, we will subscribe to self-driving cars, not own them.
With our every move tracked, we are like radio-collared bears.
Our jobs are being atomized, with ever more parts taken over by robots.
We trade freedom for convenience.
Over the 30 or so years remaining in the Creator Economy, Saffo figures that we will redefine freedom in terms of interdependence, and he closed with Richard Brautigan’s poem about a “cybernetic ecology” where we “are all watched over by machines of loving grace.”
Join Aleks Krotoski, Jemima Kiss and Charles Arthur as they dig into the implications of the new Apple iPad, released last Friday, and already a huge market success. The machine, which has sold more than 2m units in 60 days, hasn’t yet found its killer app, but Jemima – who has one – and Charles – who doesn’t want one – predict it will transform the technological landscape.
But don’t just take their word for it. Web user interaction expert Jakob Nielsen describes why in an interview with Jack Schofield. He also defines what developers need to know when designing portable touchscreen interfaces.
And the numbers have it too: Apple beat Microsoft for the biggest technology company in the world. Charles tells the story behind the numbers, and explains why, in the future, Apple will remain top gun.
The team also tackles the first real outcome of the controversial Digital Economy Act. Communications regulator Ofcom has published first draft of its proposed code of actions for copyright infringers. The three-strikes system is up for debate in the consultation that lasts until 30 July.
These opening remarks were delivered at a debate on The Digital Economy Act held in Brighton in April 2010.
Social critic Douglas Rushkoff is ready to think big in response to the economic crisis still rocking the U.S. and the world. Really big.
Rushkoff thinks we got off track as a society a ways back. About 400 years back.
He’s not against capitalism. But the form we fell into –corporate capitalism – is killing us, he says. Killing values and communities. Turning us into the “brand that is me.” Turning homes into investments and 401k balances into cold barometers of success or failure.
It doesn’t have to be this way, he says.
This hour, On Point: Douglas Rushkoff rethinks our corporatized lives.
The benefit of a reformed food system, besides better food, better environment and less climate shock, is better health and the savings of trillions of dollars. Four out of five chronic diseases are diet-related. Three quarters of medical spending goes to preventable chronic disease. Pollan says we cannot have a healthy population, without a healthy diet. The news is that we are learning that we cannot have a healthy diet without a healthy agriculture. And right now, farming is sick…
They say the tech economy ebbs and flows on a 7 year cycle, and if that’s true, we’re just about over the peak and into the down cycle for companies and employees alike. So what are we to do with ourselves, when it all comes crashing down around us? This panel’s been through a downturn or two and will have some specific recommendations about how to get the most out of it, both personally and professionally.
- Andy Baio Writer/Coder, Waxy.org
- Lane Becker Pres, Get Satisfaction Inc
- Ben Brown Internet Rockstar, XOXCO
- Jane Mount 20x200
- Michael Sippey VP Prod, Six Apart Ltd
Alok Jha speaks to some of the different protesters at the demonstration in London.
The infuriating Nassim Nicholas Taleb, author of the dreadfully-written (but annoyingly correct) Black Swan, gets to say "I told you so.":
As the financial sector shifts, so does the reach of the jolt to economic structures around the world. Economist Nassim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, speak with Paul Solman about chain reactions and predicting the financial crisis.