Build engaged audiences through publishing by curation.
Sign up with Facebook
Sign up with Twitter
I don't have a Facebook or a Twitter account
Start a free trial of Scoop.it Business
Few cities in the U.S. have faced more challenges to creating a new economic and social future than Detroit.
Are you sure you want to delete this scoop?
In the 19th century, the counter-hegemonic forces of labour focused on the democratisation of the state as well as focusing on the redistribution of the surplus value created by labour. Both tasks are by no means obsolete given the evolution towards market state models which have hollowed out popular democracy, as well ans the increased role of debt in human exploitation1. However, what is now needed in addition, for and by 21st century social movements, is the democratisation of the means of monetization. In a contributive economy, use value becomes key, and undermines mechanisms based on labor value alone; value must therefore become pluralistic and diverse, and so must monetary means; while undoubtedly, demonetization will be a good thing in many sectors under a regime of civic domination, we will also need new forms of monetization, and restore the feedback loop between value creation and value capture. As we will argue, the current value regime, which we call ‘cognitive capitalism under the emergence of netarchical capitalism’ (see infra), is unable to redistribute value in a fair way, and is creating not just a crisis of social reproduction for working people, but also a crisis of accumulation of capital. In our article, value and money regimes are placed in the context of the evolution of the overall political economy toward an increasing importance of models based on peer production. We will look at what kind of social system and policy transition, that can solve this crisis of value.
For people who care about socially engaged, commons-minded tech innovation, there are few institutions in the world as bold and courageous as Medialab Prado, in Madrid. For the past 10 years, it has been a technology lab, an interdisciplinary forum, a space that welcomes public participation, a hub for citizen activism, and a host of provocative workshops and conferences. And, yes, the Medialab Prado has also been deeply engaged with the commons paradigm as an important way of shaping a better, more socially constructive future.
In November 1933, less than a year after Hitler assumed power in Berlin, a 47-year-old socialist writer on Vienna’s leading economics weekly was advised by his publisher that it was too risky to keep him on the staff. It would be best both for the Österreichische Volkswirt and his own safety if Karl Polanyi left the magazine. Thus began a circuitous odyssey via London, Oxford, and Bennington, Vermont, that led to the publication in 1944 of what many consider the 20th century’s most prophetic work of political economy, The Great Transformation: The Political and Economic Origins of Our Time.
Countless articles have been written lately about the very real business challenges created by the onslaught of new regulation in everything from finance to technology to healthcare. The gripes are justified. Ten years ago there were 2 or 3 major regulators that most big companies had to deal with; now there are hundreds, creating a global patchwork of complex, often contradictory corporate compliance hurdles for multinational companies.
The "Internet of things" has the potential to push large segments of economic life to near zero marginal cost in the years to come, and that will alter capitalism as we know it, says Jeremy Rifkin, author of "The Zero Marginal Cost Society". The trend toward free sharing of information and entertainment, plus the rise in green energy and 3-D printing will spawn a hybrid economy in years to come which will be part capitalist market and part "Collaborative Commons".
Jeremy Rifkin's new book, The Zero Marginal Cost Society, brings welcome new attention to the commons just as it begins to explode in countless new directions. His book focuses on one of the most significant vectors of commons-based innovation -- the Internet and digital technologies -- and documents how the incremental costs of nearly everything is rapidly diminishing, often to zero. Rifkin explored the sweeping implications of this trend in an excerpt from his book and points to the "eclipse of capitalism" in the decades ahead.
By tapping into the motivations of individuals, whether that be through challenges, a sense of purpose, their desire for mastery, or recognition, organisations can harness the enthusiasm of online communities for a minimal amount of risk and expense. However, the use of crowdsourcing requires diligent planning. Tasks must be divided and clear objectives set to prevent inefficiencies and ensure that crowdsourced efforts produce solutions that can be reintegrated into the business.
MAYNARD WEBB: The sharing economy has exploded. Everyone is looking to start a business in this new space. We have all these idle assets that can be unlocked and used differently. On a philosophical level, it’s all about sustainability. It’s very gracious to say, instead of building more inventory, let’s better utilize what we already have. We’ve seen rooms and homes become available on Airbnb, offices become available through collaborative spaces like NextSpace and cars become available via RelayRides.
There have been many optimistic predictions about the potential of crowds to solve social problems. But are these tools valuable to the production of social innovation?
In The Zero Marginal Cost Society, New York Times bestselling author Jeremy Rifkin describes how the emerging Internet of Things is speeding us to an era of nearly free goods and services, precipitating the meteoric rise of a global Collaborative Commons and the eclipse of capitalism.
The sharing movement in Europe is thriving. Due in large part to the endless hustle, focus, and connectedness of the OuiShare community, new networks are forming, growing, and connecting with each other.
French economist Thomas Piketty’s “Capital in the Twenty-first Century” is a sweeping account of rising inequality. Reviewing the French edition of the book, which came out last year, Branko Milanovic, a former senior economist at the World Bank, called it “one of the watershed books in economic thinking.” The Economist said that it could change the way we think about the past two centuries of economic history. Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore.
Science news out of Latin America
The concept of the common has been gaining popularity in activist circles around the world in recent years, but it is perhaps being spelled out most explicitly in the cycle of struggles taking place in Italy right now.
Workers will configure these beams into walls, which will become the scaffolding of rooms, which link together to form entire apartments.
Customizable clothing has been inching its way into society for a while now, but with the kick off of Milan Design Week, a new company has unveiled an opportunity to customize your own designer furniture.
DAVID COHEN: The economic foundation of America was built on bartering. How many times do you remember your parents borrowing tools from a friend, or a cup of sugar from the neighbor?
For millions of people, Wikipedia is a quick and easy way to settle a factual disagreement or research a school paper. For Thomas Malone, professor of management at the Massachusetts Institute of Technology(MIT), the online, crowd-sourced encyclopedia is an inspiration.
Red Hat to bring Docker container technologies to Red Hat Enterprise Linux high-touch beta program and OpenShift Platform-as-a-Service offering
The project will study possible implementations of liquid democracy: collective deliberation, decision-making, and the pros and cons of proxy voting.
Right now, hundreds, maybe even thousands of people in your community stand ready to help you. For a small fee, they'd be willing to lend you their car, their cat or their couch.
Work in open source is critical, according to Fischer, as there are multiple operating environments that will be critical to data centers, saying Intel will “drive knowledge back into the advancements of our architecture.”
“Money” acts as a commonly referenced unit of measure to express divisions of “value” of goods and services in terms of Price (an information input) corresponding to unique instances of transacted goods and services. Each transaction produces account entries recorded as a negative account entry to the buyer (Debt) and corresponding positive account entry of equal magnitude to the seller (Credit). Note input "Prices" can become "Money" only through a transaction of goods and services, this transaction function can act on price to multiply or sum to it or it can be passive (output equal or less to input).
Kumhof explains that our money is all created out of debt. Please consider supporting us there for as little as $1 per month. Go to billstill.com, click on the Subscribe button. You can Unsubscribe at any time.
Thomas Piketty’s new book examines historical and modern inequality, suggesting a “potentially terrifying” trajectory.