According to a new report by the Organization for Economic Cooperation and Development, income inequality — which has sparked the Occupy Wall Street movement in the U.S. — is increasing all across the developed world, led by bankers and executives reaping bigger and bigger income gains. In the OECD countries, the richest 10th of the population makes about nine times as much in average income as the poorest 10th , a significant increase from the gap in the 1980s
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"In this possible terminal phase of human existence Democracy and Freedom are more than 'values to be treasured' - they may well be essential to survival." - Noam Chomsky.
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Khannea Suntzu
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Scooped by Khannea Suntzu onto Concentration of Wealth == Existential Risk |
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How will a mass influx of robots affect human employment? Delete the scoop?
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Even non-soccer fans know how hooliganism can quickly turn a harmless match into a veritable war zone, full of riots, stabbings, even death. To help keep the peace at the 2014 W... Delete the scoop?
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Short educational film from General Electric on the benefits of industrial automation. Topics include automatic handling, making, inspection, assembling,test... Delete the scoop?
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According to many sources, about 47% of Congressmembers in the US are millionaires. Many of them became this rich, and richer, using their office as a way to... Delete the scoop?
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Corporations have decided to let middle-class workers pay for national investments that have largely benefited businesses over the years. Delete the scoop?
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Via Business Insider: "As the war over income inequality wages on, super-rich Seattle entrepreneur Nick Hanauer has been raising the hackles of his fellow 1-... Delete the scoop?
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If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately. It is a system that was designed by international bankers for the benefit of... Delete the scoop?
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Check out: http://www.aclu.org/genepatents The U.S. Supreme Court is about to decide whether a private company can own a piece of our bodies. Right now, a co... Delete the scoop?
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Vernor Vinge is consistently one of the most interesting and conceptually dense futurists I’ve had an opportunity to listen to. Delete the scoop?
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Past warnings about how technological innovation threatens jobs have proved exaggerated.
Khannea Suntzu's insight:
The Massachusetts Institute of Technology (MIT), in Cambridge, ranks among the most prestigious universities in the United States and has a reputation for extolling the virtues of technological progress. Here, along the banks of the Charles River, researchers helped lay the foundations for modern computer technology and played a key role in paving the way to the digital age. Andrew McAfee and Erik Brynjolfsson, two respected economists and directors at the MIT Center for Digital Business, are deeply committed to this tradition. This prompted them to set out to research the flood of IT innovations in recent years and write a book about how wonderful the digital revolution is for the entire economy. But something didn't add up here. The theory didn't match reality. "We examined the data and, at one point, Erik and I looked at each other and said we have to rethink what we're trying to do with this book," says McAfee. "We have seen some flourishing of innovation in many different industries and this is great for the economy," he notes, "but there are some troubling trends." The two MIT economists have nevertheless decided to publish their results as a book. The conclusion, though, is much different than originally anticipated -- which is precisely why it has caused quite a stir among economists, politicians and technology experts. And that conclusion is: The digital revolution is destroying jobs faster than it is creating them. Delete the scoop?
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That talk was filmed November 7, 1995 Delete the scoop?
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Monsanto controls our food, poisons our land, and influences all three branches of government. Delete the scoop?
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James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Delete the scoop?
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We chat about how the robots are taking all our jobs, and why that means massive inequality going forward. Delete the scoop?
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0.5% of the world's people own 35% of its wealth. Great. Just great. Delete the scoop?
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Smart machines probably won't kill us all—but they'll definitely take our jobs, and sooner than you think. Delete the scoop?
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We feel instinctively that societies with huge income gaps are somehow going wrong. Delete the scoop?
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George Monbiot: The only way forward is back: to retrace our steps and seek to return atmospheric concentrations to around 350ppm Delete the scoop?
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Nobel Prize Winner Joseph Stiglitz explains why income inequality remains stubbornly high despite impressive gains in corporate America and the stock market ... Delete the scoop?
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Critics of the Trans-Pacific Partnership say it's an attempt to impose an American system on Japan and would threaten Japanese public healthcare system Delete the scoop?
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A project led by Dr. Osamu Hasegawa at Tokyo Institute of Technology has created an artificial brain that recognizes objects by learning from the Internet. Delete the scoop?
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BEIJING (AP) — Determined to kill or capture a murderous Mekong River drug lord, China's security forces considered a tactic they'd never tried before: calling a drone strike on his remote hideaway deep in the hills of Myanmar. Delete the scoop?
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