Deutsche Bank announced plans to eliminate 35,000 jobs from its payroll over the next two years as part of a sweeping overhaul under new co-Chief Executive John Cryan.
When even Deutsche Bank is cutting 35% of its staff, something big is happening. : It implies the system itself has reached its limits, and no further growth is possible within the current paradigm. Interest rates are already approximately zero and "Quantitative Easing" has pumped vast amounts of new money into the economy. But it plainly isn't working because even Deutsche Bank is making massive losses... : When this happens it is no longer good enough to say "65,000 of you will continue to have well paid jobs, 35,000 of you will have zero." Because tomorrow the statement will be "50,000 of you will continue to have well paid jobs and 50,000 will have zero." And then 40,000, 30,000, 20, 10. The system itself is broken, and we can't make everybody redundant. We have to build a new system. : We need to build a new system where "Nobody gets everything until everybody gets something." Or "Nobody gets a Porsche until everybody has a bicycle." : When the system itself has reached its limits, a new system has to emerge: one that rebuilds from the ground up and becomes more stable over time, not less; one that starts from a wide and firm foundation.
Can autonomous cars give us a do-over with our cities, fossil fuel dependence, affordable housing, and also workers? Robin Chase, author of Peers, Inc and co-founder of Zipcar says yes. Or at least they have the potential to.
by Maira Sutton, Cat Johnson and Neal Gorenflo The sharing economy held great promise when it first emerged. It was seen as a way to help people build community, reduce unnecessary consumption, and generate extra income. It was based on the brilliantly simple notion that when we share, everybody has more.
Amid all the mayhem and turmoil of recent weeks, here's a news story you may have missed. The Romanian parliament unanimously passed an amendment to the country's "Law on the Sale of Food Products" bill which states that every large supermarket in the country must ensure that 51% of the fruit, vegetables, meat, eggs, honey, dairy products and baked goods they stock are "locally sourced". As a demonstration of how enlightened policymaking can unlock Transition, it's an eye-catching and paradigm-shifting piece of legislation. But is it legal, and, actually, does that matter anyway?
I came across a fantastic article, that, at least for me, could be a game changer. It deals with clinical practice in the Amish communities of America. The Amish faith dictates they vet very carefully any innovation for stuff that could introduce perverse incentives in their lives. They prize something they call "autonomy": electricity, for example, can be bad if it powers activities that will make people drift away from the community, but it's OK for, say, lighting your workplace.
The three main ideas are summarised here. They were more progressive taxation to create greater equality both as a matter of fact and to deliver justice in the way that the deficit was tackled. Second, the tax gap was to be tackled to provide funding and to create a level playing field for business. And third, People’s Quantitative Easing was, in combination with a National Investment Bank, to be used to fund a new industrial strategy. What the document did not say was what the overall vision was: it focussed on policies not philosophies but it rattled the mainstream media and much of Labour nonetheless.
Michel Bauwens answered to the critique of Stefan Meretz on Peer Production License. Jakob Rigi from Hungary enters the debate commenting on both positions. They are documented in the following. My…
"Our economy is neither overwhelmingly capitalist, as Marxist political economists argue, nor overwhelmingly a market economy, as mainstream economists assume. Both approaches ignore vast swathes of the economy, including the gift, collaborative and hybrid forms that coexist with more conventional capitalism in the new digital economy. Drawing on economic sociology, anthropology of the gift and heterodox economics, this book proposes a groundbreaking framework for analysing diverse economic systems: a political economy of practices. The framework is used to analyse Apple, Wikipedia, Google, YouTube and Facebook, showing how different complexes of appropriative practices bring about radically different economic outcomes. Innovative and topical, Profit and Gift in the Digital Economy focusses on an area of rapid social change while developing a theoretically and politically radical framework that will be of continuing long-term relevance. It will appeal to students, activists and academics in the social sciences."
Recommended reading if you want to know what is Changing Fast. I. "Exponential Organizations" Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it) Paperback – October 14, 2014 by Salim Ismail (Author), Michael S. Malone (Author), Yuri van Geest (Author), Peter H. Diamandis (Foreword)…
((updates: Bratislava, Köszeg and Kumport added; Leicester added)) Since 2008 we all are in an economic crisis. Fortunately, in certain cities and city area's recently business and industry is suddenly picking up speed. Examples are Rotterdam, Eindhoven and Bavaria in Germany ("Laptops und Lederhosen"). On closer inspection city area's are booming in a trail from…
The Book of Peer Production has been released as a special edition of Journal of Peer Production. It consists of papers written by presenters at the Peer Production-track at the Free Society Conference and Nordic Summit (FSCONS) in Göteborg 2014. It is cool, that all content in the book is in the public domain.
When healthcare is expensive, the Amish culture of autonomy and thrift may be a way to balance communal support and individual responsibility. Sara Talpos finds out more.
Complementary currencies like the Bristol Pound act as vouchers for national currency. You swap one Bristol Pound for a Bank of England pound at a 1:1 or 1:0,9 rate. The benefit of a currency like that is that it encourages money to stay in the local economy (jobs with it). The Bristol Pound is valid…
This video will be updated soon to reflect more recent developments in Noomap´s progress, and we still love sharing this because it expresses some core values,…
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via Finn Jackson :
When even Deutsche Bank is cutting 35% of its staff, something big is happening.
:
It implies the system itself has reached its limits, and no further growth is possible within the current paradigm. Interest rates are already approximately zero and "Quantitative Easing" has pumped vast amounts of new money into the economy. But it plainly isn't working because even Deutsche Bank is making massive losses...
:
When this happens it is no longer good enough to say "65,000 of you will continue to have well paid jobs, 35,000 of you will have zero." Because tomorrow the statement will be "50,000 of you will continue to have well paid jobs and 50,000 will have zero." And then 40,000, 30,000, 20, 10.
The system itself is broken, and we can't make everybody redundant. We have to build a new system.
:
We need to build a new system where "Nobody gets everything until everybody gets something." Or "Nobody gets a Porsche until everybody has a bicycle."
:
When the system itself has reached its limits, a new system has to emerge: one that rebuilds from the ground up and becomes more stable over time, not less; one that starts from a wide and firm foundation.