Income, wealth inequality and corporate monopolies

I found this video a interesting watch. A couple of the guests Timothy Snyder and Anand Giridharadas, focused on income and wealth inequality and corporations/monopolies.

Timothy Snyder reminded me very much of the talk and books (the spirit level and inner level) by Richard Wilkinson and Kate Pickett of the equality trust.

SNYDER: One of the fundamental problems with our American, right-wing politics of inevitability is that it generates income and wealth inequality and it explains away income and wealth inequality. And so, you get this cycle where, objectively, people are less and less well off and subjectively we keep telling ourselves this is somehow okay because in the grand scheme of things this is somehow necessary. Individuals and families no longer think ‘I’ve got a bright future.’ They no longer believe—and this is something Mr. Trump got right even if he has no solution and he’s making things worse on purpose—they no longer believe in the American Dream. And they’re correct not to do so. If you were born in 1940, your chances of doing better than your parents were about 90 percent. If you were born in 1980 your chances are about one in two and it keeps going down. So, wealth inequality means the lack of social advance, means a totally different horizon—it means that you see life in a completely different way. You stop thinking time is an arrow which is moving forward to something better and you start thinking hmm, maybe the good old days were better. Maybe we have to make America great again and you get caught in these nostalgic loops. You start thinking it can’t be my fault that I’m not doing better, so whose fault is it? And then the clever politicians instead of providing policy for you provide enemies for you. They provide language for you with which you can explain why you’re not doing so well. They blame the other, whether it’s the Chinese or the Muslims or the Jews or the Blacks or the immigrants and that allows you to think okay, time is a cycle, things used to be better but other people have come and they’ve taken things away from me. That’s how the politics of inevitability becomes the politics of eternity. Wealth inequality, income inequality, is one of the major channels by which that happens.

While Anand Giridharadas reminded me of Cory Doctorow’s new book/post in medium.

GIRIDHARADAS: If you’re telling me that there are companies that do none of this stuff, that pay people well, that don’t dump externalities into the economy, that don’t cause social problems. If there are such companies that exist, yeah, then once you’ve taken care of all that, great, doing some projects to help people is great. But I haven’t found very many such companies and more often than not when companies do a lot of CSR it’s because they understand that they’re not on the right side of justice in their day operations, so they want to do virtue as a side hustle. And the problem is a lot of these companies tend to create harm in billions and then do good in the millions. And you don’t need to be a mathematician to know that we’re the losers from that bargain. And you look at the B Corp movement, there’s a lot of companies that actually have an interest in trying to invent a new kind of company that is not predatory. There is, in the B Corp movement, a certification process for those companies now. The challenges of them is that it’s a great thing but it’s fundamentally voluntary and what this does is it means that if you’re an already good, virtuous company you may be motivated to get into this club. But if you’re Exxon or Pepsi you’re not going to be in this club. One of the things I’d like to see is how can we actually use the power of public policy to get more companies to sign up to simply not dump harm, social harm, into our society whether that takes the form of toxic sludge or obese children or workers with unpredictable hours and income.

The full transcript is here.

 

How capitalism is supposed to work?

Thanks to Herb for sending me this clip from CNBC. The news anchor literally can’t believe what Chamath is saying. But there is so much sense in what he saying.  You can feel the old world thinking (pre-Covid19) talking out of the news anchor’s mouth.

Ironically if you put aside the new normal, big companies being bought by others is the way capitalism works. Its super clear capitalism has been warped to such an extent in favor of the 1% of billionaires.

So much for the American dream.

Public Service Internet monthly newsletter (Sept 2019)

johnny mnemonic

We live in incredible times with such possibilities that is clear. Although its easily dismissed by looking down at our feet or watch how democracy is being gamed and broken. To quote Buckminster Fuller “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

With a focus on new models in business, technology, society, policy, processes, etc. I present my public service internet newsletter.

You are seeing aspects of this happening as people rethink public transport.

Don’t forget if you find this useful, you will find “Public Spaces, Private Data: can we build a better internet?” at the RSA London on 21st October  2019, right up your street.

Reflections on capitalism gone wild system

Ian thinks: Rushkoff’s monologue at Betaworks Studio is breathless, funny, tragic and worth every minute of your time.

Ghosts in the smart home

Ian thinks: Lancaster University’s short about smart homes, is a design fiction which is fun, informative and enjoyable to watch. Sure some the living room of the future and petras workstream had a influence?

Black lives matter’s alternative systems

Ian thinks: Theres a question later about the media, Alicia talks about creating their own systems not just relying on what already exists.

Surveillance systems head to head 

Ian thinks: Cambridge Analytica’s whistle blower and Russian investigative journalist, go head to head discussing surveillance capitalism and government surveillance.

Suicide Is an epidemic and therapy apps are not helping

Ian thinks: As we turn to apps for everything a thoughtful look at therapy apps market good and bad. Theres not an app for everything.

The real johnny mnemonic (contains surgery pictures)

Ian thinks: Ever since Quantified Self people started embedding NFC under the skin, I wondered how far it would go. Perfect name for the software

We are not ready, privacy in 2019

Ian thinks: Really good list of the leaks, abuses, dumps and thoughts if we are ready for even more? Question is how many more before the end of year?

Emotional and erotic intelligence for an enlighten future (NSFW)

Ian thinks: Although a talk about sextech is uncomfortable for people, the subject of intimacy, human connection and self reflection are so much more important than our personal discomfort.

Danilo Milovanović public space interventions

Ian thinks: Excellent to see more thoughtful playful artistic interventions in the public realm.

Creative people are the whores of capitalism?

POT POTW Challenge 20080202 - 20080208 (Creative) - #1

Herb tweeted this and I thought it was going to be a story like mine, but what I was surprised to find a critical look at the creative economy…

This has come as quite a shock I can tell you. I think, I’ve come to the conclusion that the whole thing was a bit of a con. A scam. An elaborate hoax.

The scam works like this:

1. The creative industry operates largely by holding ‘creative’ people ransom to their own self-image, precarious sense of self-worth, and fragile – if occasionally out of control ego. We tend to set ourselves impossibly high standards, and are invariably our own toughest critics. Satisfying our own lofty demands is usually a lot harder than appeasing any client, who in my experience tend to have disappointingly low expectations. Most artists and designers I know would rather work all night than turn in a sub-standard job. It is a universal truth that all artists think they a frauds and charlatans, and live in constant fear of being exposed. We believe by working harder than anyone else we can evaded detection. The bean-counters rumbled this centuries ago and have been profitably exploiting this weakness ever since. You don’t have to drive creative folk like most workers. They drive themselves. Just wind ‘em up and let ‘em go.

2. Truly creative people tend not to be motivated by money. That’s why so few of us have any. The riches we crave are acknowledgment and appreciation of the ideas that we have and the things that we make. A simple but sincere “That’s quite good.” from someone who’s opinion we respect (usually a fellow artisan) is worth infinitely more than any pay-rise or bonus. Again, our industry masters cleverly exploit this insecurity and vanity by offering glamorous but worthless trinkets and elaborately staged award schemes to keep the artists focused and motivated. Like so many demented magpies we flock around the shiny things and would peck each others eyes out to have more than anyone else. Handing out the odd gold statuette is a whole lot cheaper than dishing out stock certificates or board seats.

3. The compulsion to create is unstoppable. It’s a need that has to be filled. I’ve barely ‘worked’ in any meaningful way for half a year, but every day I find myself driven to ‘make’ something. Take photographs. Draw. Write. Make bad music. It’s just an itch than needs to be scratched. Apart from the occasional severed ear or descent into fecal-eating dementia the creative impulse is mostly little more than a quaint eccentricity. But introduce this mostly benign neurosis into a commercial context.. well that way, my friends lies misery and madness.

It turned out to fit with my ex-boss’s idea of creative people being the whore’s of capitalism… (sure he came up with that). Its harsh and something I’d considered a while ago and I justify it by working for the BBC rather than some faceless entity…