“What money wants”.
Are human beings relevant for the engines of global capital? If so, is this relevance necessary or contingent? Practically speaking, it seems that most citizens would kinda like the state to invest in maintaining a society that was not a crumbling pit of poverty awash in disease and toxic waste and ruled over by corporate robber barons.
However, given that they don’t trust the state to get anything right, same citizens would generally rather keep their tax money to spend on a nice plasma screen TV to brighten the crumbling pit of poverty, awash in disease and toxic waste, ruled over by corporate robber barons, that they seem doomed shortly to inherit.
How to understand the successes and failures of democratic governance.
Participatory budgeting, participatory resource management, lack thereof Habermas, manufacturing consent, the curiously named sharing economy.
Probably want to mention Piketty and economic inequality.
collective action problems and the just society deserve a mention.
Charlie Stross, who can turn a phrase, call the modern democratic malaise the Beige dictatorship:
Here’s a hypothesis: Representative democracy is what’s happening. Unfortunately, democracy is broken. There’s a hidden failure mode, we’ve landed in it, and we probably won’t be able to vote ourselves out of it.
Overall, the nature of the problem seems to be that our representative democratic institutions have been captured by meta-institutions that implement the iron law of oligarchy by systematically reducing the risk of change. They have done so by converging on a common set of policies that do not serve the public interest, but minimize the risk of the parties losing the corporate funding they require in order to achieve re-election. And in so doing, they have broken the “peaceful succession when enough people get pissed off” mechanism that prevents revolutions. If we’re lucky, emergent radical parties will break the gridlock (here in the UK that would be the SNP in Scotland, possibly UKIP in England: in the USA it might be the new party that emerges if the rupture between the Republican realists like Karl Rove and the Tea Party radicals finally goes nuclear), but within a political generation (two election terms) it’ll be back to oligarchy as usual.
- Anomalies: Jón Gnarr, Mayor of Reykyavik
Are we ready for companies that run themselves? Charlie Stross’s near-future fiction of Accelerando comes closer to reality:
Malice – revenge for waking him up – sharpens Manfred’s voice. “The president of agalmic.holdings.root.184.97.AB5 is agalmic.holdings.root.184.97.201. The secretary is agalmic.holdings.root.184.D5, and the chair is agalmic.holdings.root.184.E8.FF. All the shares are owned by those companies in equal measure, and I can tell you that their regulations are written in Python. Have a nice day, now!” He thumps the bedside phone control and sits up, yawning, then pushes the do-not-disturb button before it can interrupt again. After a moment he stands up and stretches, then heads to the bathroom to brush his teeth, comb his hair, and figure out where the lawsuit originated and how a human being managed to get far enough through his web of robot companies to bug him.
(via Nate Torkington)
The Coasian flip:
As software eats the world, and companies get smaller and we enter a networked economy - as the Coasean flip takes place - there’s a sharp end:
TaskRabbit workers paying the cost of the company pivot. Neighbours of Airbnb letters soaking the externality of strangers in their space without choosing to accept it. Drivers who used to be employees being encouraged to be independent Owner Drivers - still in City Link livery - bearing the risk of the company’s capital expenditure and future success… without seeing any of the potential upside.
And then that risk being cashed in, on Christmas Day after the turkey, invoices unpaid.
Collective action for a less shitty future:
- Kickstarter for a new civilisation
- You make a commitment to the jubilee and to the terms of the new monetary system (including a basic income).
- You agree that, if and only if the project hits its critical mass target (say 200 million people representing $2 Trillion in potential gross income) you will commit to personally absolving all debts (moral and fiscal) owed to you by anyone who has also made the commitment; to acting in peace, good faith and personal integrity with all such people; to personally refusing to pay any debts owed to those outside the community (and taking responsibility for the legal consequences thereof) and to working diligently to enact a political debt jubilee within all legal jurisdictions that you have a vote in.
- This commitment is encrypted and sealed — and linked to your new money wallet. You are now an anonymous (but cryptographically unique) “member” of the new monetary system and entitled to receive a basic income and any other rights associated with this membership.
- When the critical mass targets are hit all of the commitments are unlocked and the jubilee begins.
- Kickstarter for a new civilisation
Globalization, financialization, and rapid technological change is not delivering the improvements it promised — at least, not to anyone but the technorati. The rest of America is being left behind.
The left behinds are the supermajority of Americans getting creamed by the hollowing out of America.
Americans who lose more good good jobs, benefits, and status with each passing year. Americans who went deep into debt for college (in order to ascend to a slot in the technorati) but are perpetually underemployed. Americans who work all day but can only make enough to buy food with the money they earn…
He has some interesting perspectives, but his habit of putting things in blog-sized, unreferenced repetitive and sweepingly generalized posts is irritating; possibly this is how you write to feed the Internet Content Machine, but it reduces these ideas to a kind of prepper mind-candy when I want numbers.
Yes, a lot of this is (social-) science fiction. Given the speculative nature of this question, I think that is an appropriate degree of certainty to pretend to.
The Tragedy of the Commons in a Violent World by P. Sekeris (2014) discussed at A Fine Theorem
Bowles, S. (2011). Is Liberal Society a Parasite on Tradition? Philosophy and Public Affairs, 39(1), 46–81.
Bowles, S., & Gintis, H. (1998). Efficient Redistribution: New Rules for Markets, States and Communities. Recasting Egalitarianism: New Rules for Communities, States and Markets, 3, 1.
MacLeod, K. (1999). The Cassini division. London: Orbit.
Clockwork Soviet economy death machine showdown. In space.
Stross, C. (2006). Accelerando. London: Orbit.
Mayhem when company articles of incorporation go Turing-complete.
Tainter, J. A., Allen, Little, A., & Hoekstra, T. W.(2003). Resource Transitions and Energy Gain: Contexts of Organization. Conservation Ecology, 7. Online.
All rich ant coloniess are alike; each poor ant colony is poor its own way. Extrapolate to humans.
Watts, P. (2006). Blindsight. New York: Tor.
Is consciousness getting in the way of capitalism?