post scarcity

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pages: 1,327 words: 360,897

Demanding the Impossible: A History of Anarchism by Peter Marshall


agricultural Revolution, anti-communist, Bertrand Russell: In Praise of Idleness, clean water, collective bargaining, colonial rule, David Graeber, feminist movement, garden city movement, hive mind, Howard Zinn, invisible hand, laissez-faire capitalism, land reform, land tenure, Lao Tzu, Machinery of Freedom by David Friedman, Mahatma Gandhi, means of production, Naomi Klein, open borders, Plutocrats, plutocrats, post scarcity, profit motive, Ralph Waldo Emerson, road to serfdom, Ronald Reagan, the market place, union organizing, wage slave, washing machines reduced drudgery

., p. 201 38 Ecology of Freedom, op. cit., p. 320 39 See ibid., p. 218 40 Ibid., p. 312 41 Ibid., p. 344 42 Ibid., p. 266 43 Post-Scarcity Anarchism, op. cit., p. 81 44 Toward an Ecological Society, op. cit., pp. 29, 193 45 Ibid., pp. 201, 202. See also Remaking Society, op. cit., p. 136 46 Post-Scarcity Anarchism, op. cit., p. 188. See also Toward an Ecological Society, op. cit., p. 208, and The Modern Crisis, op. cit., p. 168 47 Toward an Ecological Society, op. cit., p. 222 48 Ibid., pp. 126, 118 49 Post-Scarcity Anarchism, op. cit., p. 167 50 Ibid., pp. 19–20, 221 51 Ibid., p. 21 52 Toward an Ecological Society, op. cit., pp. 259, 245 53 Ibid., pp. 264, 274 54 Post-Scarcity Anarchism, op. cit., pp. 119, 115 55 Bill Devall and George Sessions, Deep Ecology (Salt Lake City: Peregrine Smith Books, 1985), p. 75, quoted in ‘Social Ecology’, op. cit., p. 12; The Modern Crisis, op. cit., p. 119 56 Ecology of Freedom, op. cit., p. 315 57 Ibid., p. 342 58 ‘Thinking Ecologically’, op. cit., p. 36; Remaking Society, op. cit., p. 203 59 Post-Scarcity Anarchism, op. cit., p. 116 60 Ibid., p. 119 61 Ibid., p. 130 62 See Jacques Ellul, The Technological Society (New York: Vintage, 1964).

., p. 342 58 ‘Thinking Ecologically’, op. cit., p. 36; Remaking Society, op. cit., p. 203 59 Post-Scarcity Anarchism, op. cit., p. 116 60 Ibid., p. 119 61 Ibid., p. 130 62 See Jacques Ellul, The Technological Society (New York: Vintage, 1964). For a broader discussion of the issue, see Carnes & Zerzan, eds., Questioning Technology, op. cit. 63 Post-Scarcity Anarchism, op. cit., p. 134 64 Ecology of Freedom, op. cit., p. 339 65 Post-Scarcity Anarchism, op. cit., p. 23 66 See ‘Social Ecology’, op. cit., p. 17; ‘The Population Myth, I - II’, Green Perspectives, 8 (July 1988), pp. 1–6; 15 (April 1989), pp. 1–8 67 ‘Thinking Ecologically’, op. cit., 31, 34n, 32 68 Ibid., pp. 36, 26 69 Post-Scarcity Anarchism, op. cit., p. 27 70 Toward an Ecological Society, op. cit., p. 256 71 ‘Social Ecology’, op. cit., pp. 19–20.

., p. 17 Chapter Thirty-Nine 1 John Clark, The Anarchist Moment, op. cit., p. 188n; Theodore Roszak, quoted on the back cover of Murray Bookchin’s Remaking Society (Montréal & New York: Black Rose Books, 1989) 2 Bookchin, Toward an Ecological Society, op. cit., p. 280 3 Bookchin, Post-Scarcity Anarchism, op. cit., pp. 68–9 4 Bookchin, The Ecology of Freedom, op. cit., p. 4 5 Ibid., pp. 94, 127 6 Post-Scarcity Anarchism, op. cit., p. 21 7 Bookchin, ‘Thinking Ecologically: A Dialectical Approach’, Our Generation, 18, 2 (March 1987), 11–12 8 Post-Scarcity Anarchism, op. cit., p. 64; Ecology of Freedom, op cit., p. 237 9 Ibid., p. 11 10 Ibid., pp. 353–4 11 Toward an Ecological Society, op. cit., p. 109 12 Ecology of Freedom, op. cit., p. 355 13 See ‘Thinking Ecologically’, op. cit., pp. 6–7; Bookchin, ‘Freedom and Necessity in Nature’, Alternatives, 12, 4 (1986); The Modern Crisis, 2nd edn.


pages: 299 words: 91,839

What Would Google Do? by Jeff Jarvis


23andMe, Amazon Mechanical Turk, Amazon Web Services, Anne Wojcicki, barriers to entry, Berlin Wall, business process, call centre, cashless society, citizen journalism, clean water, connected car, credit crunch, crowdsourcing, death of newspapers, disintermediation, diversified portfolio, don't be evil, fear of failure, Firefox, future of journalism, Google Earth, Googley, Howard Rheingold, informal economy, inventory management, Jeff Bezos, jimmy wales, Kevin Kelly, Mark Zuckerberg, moral hazard, Network effects, new economy, Nicholas Carr, PageRank, peer-to-peer lending, post scarcity, prediction markets, pre–internet, Ronald Coase, search inside the book, Silicon Valley, Skype, social graph, social software, social web, spectrum auction, speech recognition, Steve Jobs, the medium is the message, The Nature of the Firm, the payments system, The Wisdom of Crowds, transaction costs, web of trust, Y Combinator, Zipcar

In 2005, I read two posts by marketing visionary, author, and blogger Seth Godin about companies that just didn’t care. He inspired me to blog that we could now create new competitors. “Small is the new big,” I wrote. At the same moment, Godin, similarly inspired, wrote the same line on his blog (and he beat me to using it as the title of a book). “Get small,” Godin blogged. “Think big.” The post-scarcity economy We are entering a post-scarcity economy in which Google is teaching us to manage abundance, challenging the bedrock rule of economics, first written in 1767: the law of supply and demand. Many industries built their value on scarcity. Airlines, Broadway theaters, and universities had only so many seats, which meant they could charge what they wanted for them. They were scarce and thus more valuable. Newspapers owned the only printing press in town and you didn’t, so they could charge you a fortune to reach their audience.

Google Rules New Relationship • Give the people control and we will use it • Dell hell • Your worst customer is your best friend • Your best customer is your partner New Architecture • The link changes everything • Do what you do best and link to the rest • Join a network • Be a platform • Think distributed New Publicness • If you’re not searchable, you won’t be found • Everybody needs Googlejuice • Life is public, so is business • Your customers are your ad agency New Society • Elegant organization New Economy • Small is the new big • The post-scarcity economy • Join the open-source, gift economy • The mass market is dead—long live the mass of niches • Google commodifies everything • Welcome to the Google economy New Business Reality • Atoms are a drag • Middlemen are doomed • Free is a business model • Decide what business you’re in New Attitude • There is an inverse relationship between control and trust • Trust the people • Listen New Ethic • Make mistakes well • Life is a beta • Be honest • Be transparent • Collaborate • Don’t be evil New Speed • Answers are instantaneous • Life is live • Mobs form in a flash New Imperatives • Beware the cash cow in the coal mine • Encourage, enable, and protect innovation • Simplify, simplify • Get out of the way If Google Ruled the World Media • The Google Times: Newspapers, post-paper • Googlewood: Entertainment, opened up • GoogleCollins: Killing the book to save it Advertising • And now, a word from Google’s sponsors Retail • Google Eats: A business built on openness • Google Shops: A company built on people Utilities • Google Power & Light: What Google would do • GT&T: What Google should do Manufacturing • The Googlemobile: From secrecy to sharing • Google Cola: We’re more than consumers Service • Google Air: A social marketplace of customers • Google Real Estate: Information is power Money • Google Capital: Money makes networks • The First Bank of Google: Markets minus middlemen Public Welfare • St.

We also have new ethics and attitudes that spring from this new organization and change society in ways we cannot yet see, with openness, generosity, collaboration, efficiency. We are using the internet’s connective tissue to leap over borders—whether they surround countries or companies or demographics. We are reorganizing society. This is Google’s—and Facebook’s and craigslist’s—new world order. New Economy Small is the new big The post-scarcity economy Join the open-source, gift economy The mass market is dead—long live the mass of niches Google commodifies everything Welcome to the Google economy Small is the new big Mind you, big is still big. Wal-Mart is the largest company on earth. Bigbox stores such as Home Depot continue to drive mom-and-pop hardware shops out of business. Media companies are conglomerating. Airlines are merging.


pages: 357 words: 95,986

Inventing the Future: Postcapitalism and a World Without Work by Nick Srnicek, Alex Williams


3D printing, additive manufacturing, air freight, algorithmic trading, anti-work, back-to-the-land, banking crisis, battle of ideas, blockchain, Bretton Woods, call centre, capital controls, carbon footprint, Cass Sunstein, centre right, collective bargaining, crowdsourcing, cryptocurrency, David Graeber, decarbonisation, deindustrialization, deskilling, Doha Development Round, Elon Musk, Erik Brynjolfsson, Ferguson, Missouri, financial independence, food miles, Francis Fukuyama: the end of history, full employment, future of work, gender pay gap, housing crisis, income inequality, industrial robot, informal economy, intermodal, Internet Archive, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, late capitalism, low skilled workers, manufacturing employment, market design, Martin Wolf, means of production, minimum wage unemployment, Mont Pelerin Society, neoliberal agenda, New Urbanism, Occupy movement, oil shale / tar sands, oil shock, patent troll, pattern recognition, post scarcity, postnationalism / post nation state, precariat, price stability, profit motive, quantitative easing, reshoring, Richard Florida, rising living standards, road to serfdom, Robert Gordon, Ronald Reagan, Second Machine Age, secular stagnation, self-driving car, Slavoj Žižek, social web, stakhanovite, Steve Jobs, surplus humans, the built environment, The Chicago School, Tyler Cowen: Great Stagnation, universal basic income, wages for housework, We are the 99%, women in the workforce, working poor, working-age population

The left was largely without a meaningful and desirable economic programme, having focused primarily on the critique of capitalism rather than the elaboration of alternatives. This is a crisis of utopian imagination, but also of cognitive limits. A series of emerging contemporary phenomena must be thought through carefully: for instance, the causes and effects of secular stagnation; the transformations invoked by the shift to an informational, post-scarcity economy; the changes wrought by the introduction of full automation and a universal basic income; the possible approaches to collectivising automated manufacturing and services; the progressive potentials of alternative approaches to quantitative easing; the most effective ways to decarbonise the means of production; the implications of dark pools for financial instability – and so on. Equally, research should be revived on what postcapitalism might look like in practice.

This would mean, most immediately, rethinking classic leftist demands in light of the most advanced technologies. It would mean building upon the post-nation-state territory of ‘the stack’ – that global infrastructure that enables our digital world today.26 A new type of production is already visible at the leading edges of contemporary technology. Additive manufacturing and the automation of work portend the possibility of production based on flexibility, decentralisation and post-scarcity for some goods. The rapid automation of logistics presents the utopian possibility of a globally interconnected system in which parts and goods can be shipped rapidly and efficiently without human labour. Cryptocurrencies and their block-chain technology could bring forth a new money of the commons, divorced from capitalist forms.27 The democratic guidance of the economy is also accelerated by emerging technologies.

Some forms of anarchism, such as South American ‘platformism’, explicitly avoid consensus decision-making. 7.Uri Gordon, Anarchy Alive! Anti-Authoritarian Politics from Practice to Theory (London: Pluto, 2007), p. 20. 8.While we remain unconvinced of the large-scale prospects for direct democracy in its face-to-face and/or consensus-driven forms, this certainly does not preclude thinking about how participative democracy might be conceived along more complex, technologically mediated lines. 9.Murray Bookchin, Post-Scarcity Anarchism (Edinburgh: AK Press, 2004), p. xxviii. 10.Ibid., p. 58. 11.Manuel Castells, Networks of Outrage and Hope: Social Movements in the Internet Age (Cambridge, UK/Malden, MA: Polity, 2012), p. 11. 12.The origin of the form of consensus decision-making used in contemporary left activism is generally thought to have been with the Quaker religious movement around 300 years ago. The procedure was introduced to political activism via Quaker participants in anti-nuclear campaigns.


pages: 484 words: 104,873

Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford


3D printing, additive manufacturing, Affordable Care Act / Obamacare, AI winter, algorithmic trading, Amazon Mechanical Turk, artificial general intelligence, autonomous vehicles, banking crisis, Baxter: Rethink Robotics, Bernie Madoff, Bill Joy: nanobots, call centre, Capital in the Twenty-First Century by Thomas Piketty, Chris Urmson, Clayton Christensen, clean water, cloud computing, collateralized debt obligation, computer age, debt deflation, deskilling, diversified portfolio, Erik Brynjolfsson, factory automation, financial innovation, Flash crash, Fractional reserve banking, Freestyle chess, full employment, Goldman Sachs: Vampire Squid, High speed trading, income inequality, indoor plumbing, industrial robot, informal economy, iterative process, Jaron Lanier, job automation, John Maynard Keynes: technological unemployment, John von Neumann, Khan Academy, knowledge worker, labor-force participation, labour mobility, liquidity trap, low skilled workers, low-wage service sector, Lyft, manufacturing employment, McJob, moral hazard, Narrative Science, Network effects, new economy, Nicholas Carr, Norbert Wiener, obamacare, optical character recognition, passive income, performance metric, Peter Thiel, Plutocrats, plutocrats, post scarcity, precision agriculture, price mechanism, Ray Kurzweil, rent control, rent-seeking, reshoring, RFID, Richard Feynman, Richard Feynman, Rodney Brooks, secular stagnation, self-driving car, Silicon Valley, Silicon Valley startup, single-payer health, software is eating the world, sovereign wealth fund, speech recognition, Spread Networks laid a new fibre optics cable between New York and Chicago, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steven Levy, Steven Pinker, strong AI, Stuxnet, technological singularity, telepresence, telepresence robot, The Bell Curve by Richard Herrnstein and Charles Murray, The Coming Technological Singularity, Thomas L Friedman, too big to fail, Tyler Cowen: Great Stagnation, union organizing, Vernor Vinge, very high income, Watson beat the top human players on Jeopardy!, women in the workforce

Desktop versions of Drexler’s fabricator might someday offer capability similar to the “replicator” used in the television show Star Trek. Just as Captain Picard’s often-repeated command of “Tea, Earl Grey, Hot” instantly conjures up the proper drink, a molecular fabricator might someday create nearly anything we desire. Among some techno-optimists, the prospect of molecular manufacturing is associated strongly with the concept of an eventual “post-scarcity” economy in which nearly all material goods are abundant and virtually free. Services are likewise assumed to be provided by advanced AI. In this technological utopia, resource and environmental constraints would be eliminated by universal, molecular recycling and abundant clean energy. The market economy might cease to exist, and (as on Star Trek) there would be no need for money. While that may sound like a very inviting scenario, there are a great many details that would need to be fleshed out.

While most Western countries would likely be very squeamish about anything with echoes of eugenics, there is evidence that the Chinese have few qualms about the idea. The Beijing Genomics Institute has collected thousands of DNA samples from people known to have very high IQs and is working on isolating the genes associated with intelligence. The Chinese might be able to use this information to screen embryos for high intelligence and drive their population to become smarter over time. * You can watch Michio Kaku discuss the post-scarcity economy in the video “Can Nanotechnology Create Utopia?,” available on YouTube. Chapter 10 TOWARD A NEW ECONOMIC PARADIGM In an interview with CBS News, the president of the United States was asked if the nation’s dire unemployment problem was likely to improve soon. “There’s no magic solution,” he replied. “To even stand still we have to move very fast.” By this, he meant that the economy needs to create tens of thousands of new jobs every month just to keep pace with population growth and prevent the unemployment rate from rising even further.

Eric, 241–242, 243, 244–245, 246, 247 driverless cars, See autonomous cars drone-based delivery, 190n drug prices, 170–171 Drum, Kevin, 188 Dunning, David, 18–19 dystopian future, automation and predictions of, 31–32, 219–220 Earned Income Tax Credit (EITC), 271, 277 eBay, 16, 76 economic argument for guaranteed income, 264–267 economic growth, 65, 212–215 economic mobility, decrease in, 46–47 economic policy, 57–58, 217–218 Economic Policy Institute, 127, 158 economic recoveries, jobs created during, 49–50 economics, mathematical models and, x, 205–206 economic trends bear market for labor/bull market for corporations, 38–41 declining incomes and underemployment for college graduates, 48–49 effect of information technology on, 58–61 income inequality, 46–48 job creation, jobless recoveries, and long-term unemployment, 43–46 labor force participation, 41–43 polarization and part-time jobs, 49–51 stagnant wages, 34–38 economists on impact of automation, 60 on income inequality, 202–206 economy complexity of, 211–212 defined, 266n effect of climate change on, 282–283 post-scarcity, 247 e-Discovery software, 124 Edison, Thomas, 234 education basic income guarantee and, 263 collaboration with machines and, 121–128 diminishing returns to, 250–253 effect on income, 48–49 nature of unemployment problem and, 249–250 See also higher education educational robots, 7 edX, 132, 133, 137 Egypt, 46 EITC. See Earned Income Tax Credit (EITC) Elance, 95 El Camino Hospital (Mountain View, CA), 154 elder-care robots, 155–158 electricity, information technology compared to, 72–73 electronic offshoring, 59, 116 Elysium (film), 219–220, 220n email response program, 93–94 Emanuel, Ezekiel, 164 emerging economies, consumer demand in, 223–227 employment autonomous cars and, 176, 181–191 nanotechnology and, 246 offshoring and, 119–121 relationship between technology and, 175–176 3D printing and, 176, 177–181 See also unemployment Employment Policies Institute, 14 Engines of Creation (Drexler), 242, 244 ENIAC (Electronic Numerical Integrator and Computer), 32n environmental degradation, economic insecurity and, 283–284 equity endowments, 273–275 ESPN, 201 essays, machine grading of, 129–131 eugenics, 236n “Eureqa,” 108–109 Europe, college graduates overqualified for occupations in, 251 European Union, job polarization and, 50 Fabricated: The New World of 3D Printing (Lipson), 180 Facebook, xvi, 89, 92, 106, 114, 137, 152, 175, 231, 236 factory reshoring, 8–12 Fallows, James, 71 Fantastic Voyage (Kurzweil & Grossman), 235 fast food industry, 12–16, 209, 210 Fast Food Nation (Schlosser), 210 Fazzari, Steven, 199, 200, 214 Federal Drug Administration (FDA), 150n, 152, 171, 172 Federal Reserve, 218n Federal Reserve Bank of Cleveland, 44–45 Federal Reserve Bank of San Francisco, 54 feedback effects, 206, 208 Fernald, John G., 265, 266 Ferrucci, David, 99–100, 102n, 115 Feynman, Richard, 241, 243 Final Jeopardy (Baker), 96n, 102n financial crisis, debt and, 200, 214, 218–219 financial derivatives, 219 financial elite, political influence wielded by, 47–48, 59–60 financialization, 55–57 financial sector, 55–57, 103 Fluid, Inc., 103 food fabricators, 180, 246 food stamps, 201–202 Forbes (magazine), 84 “For Big Companies, Life Is Good” (Wall Street Journal), 39 Ford, Henry, 80 Ford, Henry, II, 193 Ford Motor Company, 76, 193 401k retirement plans, 222, 274 Foxconn, 10, 11, 14 fractional reserve banking, 218n France, 24, 41 Freeland, Chrystia, 51 freestyle chess, 122, 123 “freeters,” 221 “Free Trade’s Great, but Offshoring Rattles Me” (Blinder), 118 Frey, Carl Benedikt, 59, 223 Friedman, Milton, ix, 210–211 Friedman, Thomas, 133 The Gap, 17 Gates, Bill, 236 GDP (gross domestic product) consumer spending and, 199 corporate profits as share of, 40, 202, 203 finance-related activity as percentage of, 55 GDP (gross domestic product) deflator, 38n Genentech, 234 General Electric, 154, 179 General Motors, 76 The General Theory of Employment, Interest and Money (Keynes), 206 genetic programming, 108–109, 110 Georgia Institute of Technology (Georgia Tech), MOOCs and, 134–135, 142 Geraci, Robert, 235 Germany, 41 Ghayad, Rand, 45–46 globalization, 53–55, 116 glucose monitoring, 159 “Goggles” feature, 22 Gold, Jenny, 164 Goldman Sachs, 56 Good Data, 107 Google, xvi, 121, 236 Android system, 6, 21, 79, 121 artificial intelligence and, 231 autonomous cars and, xiii, 94, 182–183, 184, 186, 188, 189 big data and, 86 cloud computing and, 104, 106 cloud robotics and, 21 glucose monitor, 159 “Goggles” feature, 22 keyword-based search algorithm, 98–99 online language translation tool, 89–90, 130 personalized email and social response program, 93–94 profit and employee numbers, 76 revenue generation and, 76 robotics startup companies, acquisition of, 21n Singularity University and, 234 Thrun and Norvig and, 132 Udacity, 134 YouTube acquisition, 175 Gordon, Robert J., 65 government funding, of nanotechnology research, 242–243 government regulation of markets, 265 GPS (Global Positioning System), 209n Grabit Inc., 7–8 graphene nanotubes, 70n “gray goo” scenario, 244, 247 graying workforce, 220–223, 224 Great Recession corporate profits vs. retail sales during recovery from, 39–40, 202, 203 debt and, 200 increase in part-time jobs and, 49 jobless recovery and, 44–45, 280 productivity and, 207–208 “The Great Reversal in the Demand for Skill and Cognitive Tasks” (Beaudry, Green & Sand), 127 The Great Stagnation (Cowen), 65 Green, David A., 127 Grossman, Lev, 111 Grossman, Terry, 235 Grötschel, Martin, 71 guaranteed income.


pages: 285 words: 81,743

Start-Up Nation: The Story of Israel's Economic Miracle by Dan Senor; Saul Singer


agricultural Revolution, Albert Einstein, back-to-the-land, banking crisis, Boycotts of Israel, call centre, Celtic Tiger, cleantech, Dissolution of the Soviet Union, friendly fire, immigration reform, labor-force participation, new economy, pez dispenser, post scarcity, profit motive, Silicon Valley, smart grid, social graph, sovereign wealth fund, Steve Ballmer, web application, women in the workforce, Yom Kippur War

Quoted in Gallup, “Gallup Reveals the Formula for Innovation,” Gallup Management Journal, May 10, 2007, 5. Dov Frohman and Robert Howard, Leadership the Hard Way: Why Leadership Can’t be Taught—and How You Can Learn It Anyway (San Francisco: Jossey-Bass, 2008), p. 7. 6. Quoted in Ronald Bailey, “Post-Scarcity Prophet: Economist Paul Romer on Growth, Technological Change, and an Unlimited Human Future,” Reason Online, December 2001, 7. Ronald Bailey, “Post-Scarcity Prophet”; and Paul Romer, “Economic Growth,” both in The Concise Encyclopedia of Economics, edited by David R. Henderson (Indianapolis: Liberty Fund, 2007), BIBLIOGRAPHY PUBLISHED SOURCES Abadi, Jacob. “Israel’s Quest for Normalization with Azerbaijan and the Muslim States of Central Asia.”

Case Library, Harvard Business Publishing. Avishai, Bernard. “Israel’s Future: Brainpower, High Tech, and Peace,” Harvard Business Review, November 1991. Avnimelech, Gil, and Morris Teubal. “Venture Capital Policy in Israel: A Comparative Analysis and Lessons for Other Countries.” Research paper. Hebrew University School of Business Administration and School of Economics, October 2002. Bailey, Ronald. “Post-Scarcity Prophet: Economist Paul Romer on Growth, Technological Change, and an Unlimited Human Future.” Reason Online, December 2001. Ball, Julie. “Israel’s Booming Hi-Tech Industry.” BBC News, October 6, 2008. Barzilai, Amnon. “A Deep, Dark, Secret Love Affair,” July 17, 2004.


pages: 381 words: 78,467

100 Plus: How the Coming Age of Longevity Will Change Everything, From Careers and Relationships to Family And by Sonia Arrison


23andMe, 8-hour work day, Albert Einstein, Anne Wojcicki, artificial general intelligence, attribution theory, Bill Joy: nanobots, bioinformatics, Clayton Christensen, dark matter, East Village,, epigenetics, Frank Gehry, Googley, income per capita, indoor plumbing, Jeff Bezos, Johann Wolfgang von Goethe, Law of Accelerating Returns, life extension, personalized medicine, Peter Thiel, placebo effect, post scarcity, Ray Kurzweil, rolodex, Silicon Valley, Simon Kuznets, Singularitarianism, smart grid, speech recognition, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Levy, Thomas Malthus, upwardly mobile, World Values Survey, X Prize

Page, The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies (Princeton, NJ: Princeton University Press, 2007). 52 Cox and Alm, Myths of Rich and Poor, 49. 53 Romer’s ideas are widely discussed, but perhaps the most interesting current summary can be found in Sebastian Mallaby, “The Politically Incorrect Guide to Ending Poverty,” The Atlantic, July–August 2010, 54 Matt Ridley, The Rational Optimist: How Prosperity Evolves (New York: HarperCollins, 2010), 352. 55 Ibid., 14–15. 56 Ronald Bailey, “Post-Scarcity Prophet,” Reason, December 2001, 57 Max More, “The Myth of Stagnation,” in Death and Anti-death, ed. Charles Tandy, vol. 7 (Palo Alto, CA: Ria University Press, 2010), CHAPTER 5 1 Rahul Bedi and Kate Devlin, “Indian Woman Has First Child at Age of 70,” The Telegraph, December 8, 2008, 2 Lisa Belkin, “70-Year-Old Woman Gives Birth,” New York Times, December 9, 2008, 3 William Saletan, “Motherhood at 70: Meet the World’s Newest Oldest Mom,” Slate, December 9, 2008, 4 Andy Beckett, “Time, Gentlemen,” The Age, May 8, 2006, 5 Lawrence M.


The Economic Singularity: Artificial intelligence and the death of capitalism by Calum Chace


3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, Elon Musk,, Erik Brynjolfsson, Flynn Effect, full employment, future of work, gender pay gap, gig economy, Google Glasses, Google X / Alphabet X, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, knowledge worker, lump of labour, Lyft, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, new economy, Occupy movement, Oculus Rift, PageRank, pattern recognition, post scarcity, post-industrial society, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, Thomas Malthus, transaction costs, Tyler Cowen: Great Stagnation, Uber for X, universal basic income, Vernor Vinge, working-age population, Y Combinator, young professional

Banks' “Culture” books, set in a distant future when a technologically advanced humanity has colonised swathes of the galaxy, and enjoys mostly peaceful relations with a host of alien civilisations. The humans are kept company and aided by vastly superior and extraordinarily indulgent machine intelligences, and they lead lives of perpetual indulgence. As Banks put it in a 2012 interview, “It is my vision of what you do when you are in a post-scarcity society, you can completely indulge yourself. The Culture has no unemployment problem, no one has to work, so all work is a form of play.”[cclxxxviii] Abundance The Star Trek economy is the post-scarcity economy, the economy of radical abundance. In their 2012 book “Abundance: the future is better than you think”, Peter Diamandis and Stephen Kotler argue that this world is within reach in the not-too-distant future, thanks largely to the exponential improvement in technology. Financial Times columnist Martin Wolf urged that we should “enslave the robots and free the poor”,[cclxxxix] and who would not welcome such an outcome?


pages: 360 words: 101,636

Engineering Infinity by Jonathan Strahan


augmented reality, cosmic microwave background, dark matter, gravity well, planetary scale, Pluto: dwarf planet, post scarcity, Schrödinger's Cat, technological singularity, Ted Kaczynski

In the 1950s it was where the best tales of space exploration were forged; in the 1960s it was the heart of near-Earth science fiction; in the 1980s it was the radical centre for the British drive to the new space opera; and in the 1990s, with the arrival of both quantum mechanics in science fiction and the singularity, it was the basis for Kim Stanley Robinson's meticulous and demanding Mars trilogy, Greg Egan's explorations of human consciousness, and Charles Stross's post-scarcity space operas. This, however, is the 21st century and I think things are becoming more complicated and complex. Science fiction no longer subscribes readily to a single view of its own history. There's far more to our past than the Gernsback continuum, or indeed more recently the Gibson continuum (the past and future history of cyberpunk), and science itself seems to be an ever more wriggly and complex beast as we come to better understand the universe in which we find ourselves. Frankly quantum mechanics often sounds indistinguishable from magic. We're also well into the Fourth Generation of science fiction: the genre has been born, passed through adolescence, into adulthood, and is moving into a post-scarcity period of incredible richness and diversity.


pages: 104 words: 34,784

The Trouble With Brunch: Work, Class and the Pursuit of Leisure by Shawn Micallef


big-box store, call centre, cognitive dissonance, David Brooks, deindustrialization, ghettoisation, Jane Jacobs, knowledge worker, Mason jar, McMansion, new economy, post scarcity, Richard Florida, Ronald Reagan, Thorstein Veblen, urban sprawl, World Values Survey

Florida argues that though they don’t see themselves as a unique social grouping, creative people share enough similar tastes, desires and preferences that class coherence is emerging, though not one as distinct as the industrial working class. Some of the shared values Florida goes on to list include individuality, meritocracy, diversity and openness. On the face of it, these seem like exactly the kinds of values a just and fair class identity should be based on and are in line with the principles expressed by most existing progressive organizations and people. However, in a section of his book called ‘Post-Scarcity Effect,’ Florida looked at the work of Ronald Inglehard, a political science professor at University of Michigan who conducted his own world-values survey that found there was ‘a worldwide shift from economic growth issues to lifestyle values, which [Inglehard] sometimes refers to as a shift from “survival” to “self-expression” values.’ This can happen in industrial work too. Thinking back to the collective world view I shared with my fellow Windsorites, survival was always part of our identity – when would the ‘big one’ happen and what would we do?


pages: 762 words: 246,045

The Years of Rice and Salt by Kim Stanley Robinson


Admiral Zheng, Khyber Pass, land tenure, Malacca Straits, post scarcity, South China Sea, trade route

'In any case, the great degree of primitivity in Yingzhou actually gives us a view into social structures that might be like the Old World's pre agricultural societies. They are curiously modern in certain respects. Because they had the basics of agriculture – squash, corn, beans and so on – and had a small population to support in a forest that provided enormous numbers of game animals and nut bearing trees, they lived in a pre scarcity economy, just as we now glimpse a technologicallycreated post scarcity state in its theoretical possibility. In both, the indi vidual receives more recognition as a value bearer him or herself, than does the individual in a scarcity economy. And there is less domination of one caste by another. In these conditions of material ease and plenty, we find the great egalitarianism of the Hodenosaunee, the power wielded by women in their culture, and the absence of slavery – rather the rapid incorporation of defeated tribes into the full texture of the state.

Whereas in the north it was completely different, first because the Hodenosaunee were able to defend themselves in the depths of the great eastern forest, never fully succumbing to either the Chinese or to the Islamic incursion from across the Atlantic, and second because they were much less susceptible to Old World diseases, possibly because of early exposure to them from wandering Japanese monks, traders, trappers and prospectors, who ended up infecting the local populace in small numbers, thus serving in effect as human inoculants, immunizing or at least preparing the population of Yingzhou for a fuller incursion of Asians, who did not have quite as devastating an effect, although of course many people and tribes did die.' Bodur moved on, thinking about the notion of a post scarcity society, which in hungry Nsara she had never heard of at all. But it was time for another session, a plenary affair that Budur did not want to miss, and which turned out to be one of the most heavily attended. It concerned the question of the lost Franks, and why the plague had hit them so hard. Much work had been done in this area by the Zott scholar Istvan Romani, who had done his research around the periphery of the plague zone, in Magyaristan and Moldava; and the plague itself had been studied intensively during the Long War, when it seemed possible that one side or another would unleash it as a weapon.

'I begin to think that this matter of "late emergent properties" that the physicists talk about when they discuss complexity and cascading sensitivities, is an important concept for historians. justice may be a late emergent property. And maybe we can glimpse the beginnings of it emerging; or maybe it emerged long ago, among the primates and proto humans, and is only now gaining leverage in the world, aided by the material possibility of post scarcity. It is hard to say.' He smiled again his little smile. 'Good words to end this session.' His final meeting was called 'What Remains to be Explained', and consisted of questions that he was still mulling over after all his years of study and contemplation. He made comments on his list of questions, but not many, and Bao had to write as fast as he could to get the questions themselves recorded: What Remains to be Explained Why has there been inequality in accumulation of goods since the earliest recorded history?


pages: 561 words: 167,631

2312 by Kim Stanley Robinson


agricultural Revolution, double helix, full employment, hive mind, if you see hoof prints, think horses—not zebras, Kuiper Belt, late capitalism, mutually assured destruction, offshore financial centre, pattern recognition, phenotype, post scarcity, precariat, retrograde motion, stem cell, strong AI, the built environment, the High Line, Turing machine, Turing test, Winter of Discontent

Genette frowned, unable to deny it. Swan said, “I can’t believe anyone would try to kill so many people. And actually do it, too, in the Yggdrasil. When so much space is available… so much everything, really. I mean, we’re in what people call post-scarcity. So I don’t get it. You talk about motive, but in a physiological sense, there isn’t a motive for stuff like this. I suppose that means that evil really does exist. I thought it was just an old religious term, but I guess I was wrong. It’s making me sick.” The inspector’s attractive little face creased in a slight smile. “Sometimes I think it’s only in post-scarcity that evil exists. Before that, it could always be put down to want or fear. It was possible to believe, as apparently you did, that when fear and want went away, bad deeds would too. Humanity would be revealed as some kind of bonobo, an altruistic cooperator, a lover of all.”

Ultimately what we get by not enforcing a universal law is some kind of accidental libertarian free-for-all. So we’re in trouble. This is what I’m seeing. When you combine political inadequacy with the physical problems of being in space, it may be too much. We may be trying to make an impossible adaptation out here.” “So what do we do?” she said again. Genette shrugged again. “Hold the line, I guess. Maybe we need to understand out here that post-scarcity is both heaven and hell at once. They are superposed, like options in a qubit before its wave function collapses. Good and evil, art and war. All there in potentiality.” “But what do we do?” Genette smiled a little at that, shifted and sat cross-legged on the table before her, looking like a garden Buddha or Tara, slim and stylized. “I want to talk to Wang. I’ll figure out how. And to your friend Wahram.


pages: 532 words: 155,470

One Less Car: Bicycling and the Politics of Automobility by Zack Furness, Zachary Mooradian Furness


active transport: walking or cycling, affirmative action, American Society of Civil Engineers: Report Card, back-to-the-land, Build a better mousetrap, Burning Man, car-free, carbon footprint, clean water, colonial rule, conceptual framework, dumpster diving, Enrique Peñalosa, European colonialism, feminist movement, ghettoisation, Golden Gate Park, interchangeable parts, intermodal, Internet Archive, Jane Jacobs, market fundamentalism, means of production, Naomi Klein, New Urbanism, peak oil, place-making, post scarcity, race to the bottom, Ralph Nader, ride hailing / ride sharing, Ronald Reagan, Silicon Valley, sustainable-tourism, the built environment, The Death and Life of Great American Cities, Thomas L Friedman, Thorstein Veblen, urban planning, Whole Earth Catalog, Whole Earth Review, working poor, Yom Kippur War

., University of pittsburgh, 2002), 46–54. For more on primitivism, see John Zerzan’s Elements of Refusal (Columbia, MO: Cal press, 1999) and Running on Emptiness: The Pathology of Civilization (los angeles: Feral House, 2002). Fifteen, “petroleum Distillation,” Choice of a New Generation (lookout! records, 1989), lp. Mumford, Technics and Civilization, 21. This view is well put in Murray Bookchin, Post-scarcity Anarchism (Berkeley, Ca: ramparts press, 1971). With respect to “technoskepticism,” i concur with andrew ross when he describes this disposition as a necessary condition for social change in “Hacking away at the Counterculture,” Postmodern Culture 1, no. 1 (1990): 39. For one of the best analyses of the political prospects and limitations of technoskepticism, see Carol Stabile, Feminism and the Technological Fix (Manchester, UK: Manchester University press, 1994).

“introduction: impossibilities of automobilities.” in Against Automobility, edited by Steffen Böhm, Campbell Jones, Chris land, and Matthew paterson, 3–16. Malden, Ma: Blackwell/Sociological review, 2006. Bonham, Jennifer. “Transport: Disciplining the Body That Travels.” Sociological Review 54, no. s1 (2006): 55–74. Bookchin, Murray. The Limits of the City. new york: Harper and row, 1974. ———. Post-scarcity Anarchism. Berkeley, Ca: ramparts press, 1971. ———. Social Anarchism or Lifestyle Anarchism: The Unbridgeable Chasm. San Francisco: aK press, 1995. Boothroyd, Sarah. “Spraypaint Slingers, Celebration, and a Tidal Wave of Outrage.” in Critical Mass: Bicycling’s Defiant Celebration, edited by Chris Carlsson, 23–29. Oakland, Ca: aK press, 2002. Borden, iain. “a performative Critique of the City: The Urban practice of Skateboarding, 1958–98.” in The City Cultures Reader, edited by Malcolm Miles, Tim Hall, and iain Borden, 291–297. london: routledge, 2004. ———.


pages: 189 words: 57,632

Content: Selected Essays on Technology, Creativity, Copyright, and the Future of the Future by Cory Doctorow


book scanning, Brewster Kahle, Burning Man,, informal economy, information retrieval, Internet Archive, invention of movable type, Jeff Bezos, Law of Accelerating Returns, Metcalfe's law, mutually assured destruction, new economy, optical character recognition, patent troll, pattern recognition, Ponzi scheme, post scarcity, QWERTY keyboard, Ray Kurzweil, RFID, Sand Hill Road, Skype, slashdot, social software, speech recognition, Steve Jobs, Turing test, Vernor Vinge

Table of Contents About Doctorow: Cory Doctorow (born July 17, 1971) is a blogger, journalist and science fiction author who serves as co-editor of the blog Boing Boing. He is in favor of liberalizing copyright laws, and a proponent of the Creative Commons organisation, and uses some of their licenses for his books. Some common themes of his work include digital rights management, file sharing, Disney, and post-scarcity economics. Source: Wikipedia Also available on Feedbooks for Doctorow: I, Robot (2005) When Sysadmins Ruled the Earth (2006) Down and Out in the Magic Kingdom (2003) Little Brother (2008) After the Siege (2007) All Complex Ecosystems Have Parasites (2005) I, Row-Boat (2006) Printcrime (2006) Someone Comes to Town, Someone Leaves Town (2005) Eastern Standard Tribe (2004) Copyright: Please read the legal notice included in this e-book and/or check the copyright status in your country.


pages: 271 words: 52,814

Blockchain: Blueprint for a New Economy by Melanie Swan


23andMe, Airbnb, altcoin, Amazon Web Services, asset allocation, banking crisis, bioinformatics, bitcoin, blockchain, capital controls, cellular automata, central bank independence, clean water, cloud computing, collaborative editing, Conway's Game of Life, crowdsourcing, cryptocurrency, disintermediation, Edward Snowden,, ethereum blockchain, fault tolerance, fiat currency, financial innovation, Firefox, friendly AI, Hernando de Soto, Internet Archive, Internet of things, Khan Academy, Kickstarter, litecoin, Lyft, M-Pesa, microbiome, Network effects, new economy, peer-to-peer lending, personalized medicine, post scarcity, prediction markets, ride hailing / ride sharing, Satoshi Nakamoto, Search for Extraterrestrial Intelligence, SETI@home, sharing economy, Skype, smart cities, smart contracts, smart grid, software as a service, technological singularity, Turing complete, unbanked and underbanked, underbanked, web application, WikiLeaks

Dunne. Rethinking Money: How New Currencies Turn Scarcity into Prosperity London: Berrett-Koehler Publishers, 2013. 175 Swan, M. “Social Economic Networks and the New Intangibles.” Broader Perspective blog, August 15, 2010. 176 ———. “New Banks, New Currencies, and New Markets in a Multicurrency World: Roadmap for a Post-Scarcity Economy by 2050.” Create Futures IberoAmérica, Enthusiasmo Cultural, São Paolo Brazil, October 14, 2009. 177 ———. “Connected World Wearables Free Cognitive Surplus.” Broader Perspective blog, October 26, 2014. 178 Lee, T.B. “Bitcoin Needs to Scale by a Factor of 1000 to Compete with Visa. Here’s How to Do It.”


pages: 247 words: 81,135

The Great Fragmentation: And Why the Future of All Business Is Small by Steve Sammartino


3D printing, additive manufacturing, Airbnb, augmented reality, barriers to entry, Bill Gates: Altair 8800, bitcoin, BRICs, Buckminster Fuller, citizen journalism, collaborative consumption, cryptocurrency, Elon Musk, fiat currency, Frederick Winslow Taylor, game design, Google X / Alphabet X, haute couture, helicopter parent, illegal immigration, index fund, Jeff Bezos, jimmy wales, Kickstarter, knowledge economy, Law of Accelerating Returns, market design, Metcalfe's law, Minecraft, minimum viable product, Network effects, new economy, post scarcity, prediction markets, pre–internet, profit motive, race to the bottom, random walk, Ray Kurzweil, recommendation engine, remote working, RFID, self-driving car, sharing economy, side project, Silicon Valley, Silicon Valley startup, skunkworks, Skype, social graph, social web, software is eating the world, Steve Jobs, too big to fail, web application

What I’m doing is trying to help everyone realise that what made companies big yesterday is likely to be their unravelling tomorrow. The tools of life and business are now in the hands of everyone. Mass is quickly fragmenting into a world of niche, smaller and more distributed things. And big businesses that need a new survival manifesto need to embrace the fragmented nature if they want to stay ‘big’. We are entering the age of post-scarcity abundance. The great fragmentation isn’t just great because it’s huge or amazing — although, in fact, it really is. It’s much more than that. It’s a move to a more equalised and humane society where the power to know and the power to participate are being handed back to everyone. Both economically and socially, just about everything is being democratised for good. I think it’s better than good … I think it’s great.


pages: 313 words: 84,312

We-Think: Mass Innovation, Not Mass Production by Charles Leadbeater


1960s counterculture, Andrew Keen, barriers to entry, bioinformatics,, call centre, citizen journalism, clean water, cloud computing, complexity theory, congestion charging, death of newspapers, Debian, digital Maoism, double helix, Edward Lloyd's coffeehouse, frictionless, frictionless market, future of work, game design, Google Earth, Google X / Alphabet X, Hacker Ethic, Hernando de Soto, hive mind, Howard Rheingold, interchangeable parts, Isaac Newton, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jean Tirole, jimmy wales, John von Neumann, Kevin Kelly, knowledge economy, knowledge worker, lone genius, M-Pesa, Mark Zuckerberg, Marshall McLuhan, Menlo Park, microcredit, new economy, Nicholas Carr, online collectivism, planetary scale, post scarcity, Richard Stallman, Silicon Valley, slashdot, social web, software patent, Steven Levy, Stewart Brand, supply-chain management, The Death and Life of Great American Cities, the market place, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Whole Earth Catalog, Zipcar

The libertarian, voluntaristic communities that briefly flowered in their thousands in California and New Mexico find their modern counterparts in the open-source communities listed on SourceForge and the virtual homesteaders of Second Life, as they create their own rules and currencies. Collage and pastiche, recombining ingredients provided by others, were central not just to Situationism but to futurism, cubism, Dadaism and pop art. The rip, mix, burn generation of Apple iPods, hip-hop music and YouTube videos is Debord’s heir. The We-Think generation is living out the hopes of the 1960s radicals for the creation of a harmonious, post-scarcity society that is free, decentralised and yet apparently egalitarian, a world in which as Fred Turner put it ‘each individual could act in his or her own interest and at the same time produce a unified social sphere, in which we were “all one”’.19 As an offspring of the 1960s the web also carries many of the congenital weaknesses that afflicted the counter-culture. The communes collapsed because they could not govern and work efficiently.


pages: 377 words: 110,427

The Boy Who Could Change the World: The Writings of Aaron Swartz by Aaron Swartz, Lawrence Lessig


affirmative action, Alfred Russel Wallace, Benjamin Mako Hill, bitcoin, Bonfire of the Vanities, Brewster Kahle, Cass Sunstein, deliberate practice, Donald Trump, failed state, fear of failure, Firefox, full employment, Howard Zinn, index card, invisible hand, John Gruber, Lean Startup, More Guns, Less Crime, post scarcity, Richard Feynman, Richard Feynman, Richard Stallman, Ronald Reagan, school vouchers, semantic web, single-payer health, SpamAssassin, SPARQL, telemarketer, The Bell Curve by Richard Herrnstein and Charles Murray, the scientific method, Toyota Production System, unbiased observer, wage slave, Washington Consensus, web application, WikiLeaks, working poor

He has written articles and book chapters as well as a book, The Political Economy of Trust: Interests, Institutions and Inter-Firm Cooperation, published by Cambridge University Press. Cory Doctorow is a Canadian-British blogger, journalist, and science fiction author who serves as co-editor of the blog Boing Boing. He is an activist in favor of liberalizing copyright laws and a proponent of the Creative Commons organization, using some of their licenses for his books. Some common themes of his work include digital rights management, file sharing, and post-scarcity economics. His novels include Down and Out in the Magic, Kingdom, and Little Brother. James Grimmelmann is a professor of law at the University of Maryland. He studies how laws regulating software affect freedom, wealth, and power. Astra Taylor is a writer and documentary filmmaker. Her films include Zizek!, a feature documentary about the world’s most outrageous philosopher, which was broadcast on the Sundance Channel, and Examined Life, a series of excursions with contemporary thinkers.


pages: 422 words: 89,770

Death of the Liberal Class by Chris Hedges


1960s counterculture, Albert Einstein, Berlin Wall, call centre, clean water, collective bargaining, Columbine, corporate governance, deindustrialization, desegregation, Donald Trump, Fall of the Berlin Wall, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, hive mind, housing crisis, Howard Zinn, illegal immigration, Jane Jacobs, Jaron Lanier, Lao Tzu, post scarcity, profit motive, Ralph Nader, Ronald Reagan, strikebreaker, the scientific method, The Wisdom of Crowds, Tobin tax, union organizing, Unsafe at Any Speed, Upton Sinclair, WikiLeaks, working poor, Works Progress Administration

Inside Out: A Memoir of the Blacklist. New York: Alfred A. Knopf, 1996. Blitzstein, Marc. The Cradle Will Rock. Fairfax, VA: Library of Congress Federal Theatre Project Collection at Fenwick Library, George Mason University. Bonhoeffer, Dietrich. Works, Vol. 16, Conspiracy and Imprisonment, 1940-1945, trans. by Lisa E. Dahill. Minneapolis, MN: Fortress Press, 2006. Bookchin, Murray. Post-Scarcity Anarchism. Edinburgh: AK Press, 2004. Boorstin, Daniel J. The Image: A Guide to Pseudo-Events in America. New York: Atheneum, 1961. Bourne, Randolph. The Radical Will: Selected Writings 1911-1918. Ed. Olaf Hansen. Berkeley, CA: University of California Press, 1977. ———. War and the Intellectuals: Collected Essays 1915-1919. Ed. Carl Resek. Indianapolis: Hackett, 1964. Briggs, Asa and Burke, Peter.


pages: 700 words: 201,953

The Social Life of Money by Nigel Dodd


accounting loophole / creative accounting, bank run, banking crisis, banks create money, Bernie Madoff, bitcoin, blockchain, borderless world, Bretton Woods, BRICs, capital controls, cashless society, central bank independence, collapse of Lehman Brothers, collateralized debt obligation, computer age, conceptual framework, credit crunch, cross-subsidies, David Graeber, debt deflation, dematerialisation, disintermediation, eurozone crisis, fiat currency, financial innovation, Financial Instability Hypothesis, financial repression, floating exchange rates, Fractional reserve banking, German hyperinflation, Goldman Sachs: Vampire Squid, Hyman Minsky, illegal immigration, informal economy, interest rate swap, Isaac Newton, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, Joseph Schumpeter, Kula ring, laissez-faire capitalism, land reform, late capitalism, liquidity trap, litecoin, London Interbank Offered Rate, M-Pesa, Marshall McLuhan, means of production, mental accounting, microcredit, mobile money, money: store of value / unit of account / medium of exchange, mortgage debt, new economy, Nixon shock, Occupy movement, offshore financial centre, paradox of thrift, payday loans, Peace of Westphalia, peer-to-peer lending, Ponzi scheme, post scarcity, postnationalism / post nation state, predatory finance, price mechanism, price stability, quantitative easing, quantitative trading / quantitative finance, remote working, rent-seeking, reserve currency, Richard Thaler, Robert Shiller, Robert Shiller, Satoshi Nakamoto, Scientific racism, seigniorage, Skype, Slavoj Žižek, South Sea Bubble, sovereign wealth fund, special drawing rights, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transaction costs, Wave and Pay, WikiLeaks, Wolfgang Streeck, yield curve, zero-coupon bond

Modernity at Sea: Melville, Marx, Conrad in Crisis, Minneapolis, University of Minnesota Press. Castells, M. (1999). “Grassrooting the Space of Flows.” Urban Geography 20 (4): 294–302. Chaum, D. (1983). “Blind Signatures for Untraceable Payments.” Advances in Cryptology: Proceedings of Crypto 82. D. Chaum, R. L. Rivest, and A. T. Sherman, Eds. New York, Plenum Publishing Corporation. Chernomas, R. (1984). “Keynes on Post-Scarcity Society.” Journal of Economic Issues XVIII (4): 1007–26. Chick, V. and S. C. Dow (2013). “Financial Institutions and the State: A Reexamination.” Monetary Economies of Production: Banking and Financial Circuits and the Role of the State, L.-P. Rochon and M. Seccareccia, Eds.. Cheltenham, U.K., Edward Elgar Publishing: 99–111. Choonara, J. (2009). Unravelling Capitalism: A Guide to Marxist Political Economy, London, Bookmarks Publications.


pages: 669 words: 210,153

Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss


Airbnb, artificial general intelligence, asset allocation, Atul Gawande, augmented reality, back-to-the-land, Bernie Madoff, Bertrand Russell: In Praise of Idleness, Black Swan, blue-collar work, Buckminster Fuller, business process, Cal Newport, call centre, Checklist Manifesto, cognitive bias, cognitive dissonance, Colonization of Mars, Columbine, correlation does not imply causation, David Brooks, David Graeber, diversification, diversified portfolio, Donald Trump, effective altruism, Elon Musk, fault tolerance, fear of failure, Firefox, follow your passion, future of work, Google X / Alphabet X, Howard Zinn, Hugh Fearnley-Whittingstall, Jeff Bezos, job satisfaction, Johann Wolfgang von Goethe, Kevin Kelly, Kickstarter, Lao Tzu, life extension, Mahatma Gandhi, Mark Zuckerberg, Mason jar, Menlo Park, Mikhail Gorbachev, Nicholas Carr, optical character recognition, PageRank, passive income, pattern recognition, Paul Graham, Peter H. Diamandis: Planetary Resources, Peter Singer: altruism, Peter Thiel, phenotype, post scarcity, premature optimization, QWERTY keyboard, Ralph Waldo Emerson, Ray Kurzweil, recommendation engine, rent-seeking, Richard Feynman, Richard Feynman, risk tolerance, Ronald Reagan, sharing economy, side project, Silicon Valley, skunkworks, Skype, Snapchat, social graph, software as a service, software is eating the world, stem cell, Stephen Hawking, Steve Jobs, Stewart Brand, superintelligent machines, Tesla Model S, The Wisdom of Crowds, Thomas L Friedman, Wall-E, Washington Consensus, Whole Earth Catalog, Y Combinator

His blog (which you can find by typing “Seth” into Google) is one of the most popular in the world. In 2013, Godin was inducted into the Direct Marketing Hall of Fame. Recently, Godin turned the book publishing world on its ear by launching a series of four books via Kickstarter. The campaign reached its goal in just three hours and became the most successful book project in Kickstarter history. “Trust and attention—these are the scarce items in a post-scarcity world.” “We can’t out-obedience the competition.” TF: I like this so much that I wanted to mention it twice. More context next time. Be a Meaningful Specific Instead of a Wandering Generality On saying “no” and declining things: “The phone rings, and lots of people want a thing. If it doesn’t align with the thing that is your mission, and you say ‘yes,’ now [your mission is] their mission.