Even the Davos elites are reading the tea leaves.
The Origin and Future of Economic Inequality
Global Inequality — Harvard University Press
Winner of the Bruno Kreisky Prize, Karl Renner InstitutA Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the YearOne of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.”—The Economist“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.—Martin Wolf, Financial Times
The Divide — Jason Hickel
The Divide: A Brief Guide to Global Inequality and its Solutions Penguin Random House UK, 2017
Why The Rich Think The Poor Are Lazy
The MAGA power struggle that could decide the fate of Anthropic
It may not be easy for Anthropic to escape the Trump export ban.
Capitalism Without Humans
As new technologies (not immigrants) replace human labor, "machine breaking" as a tactic of rebellion is taking on a renewed vitality.
AI Adoption and Inequality
There are competing narratives about artificial intelligence’s impact on inequality. Some argue AI will exacerbate economic disparities, while others suggest it could reduce inequality by primarily disrupting high-income jobs. Using household microdata and a calibrated task-based model, we show these narratives reflect different channels through which AI affects the economy. Unlike previous waves of automation that increased both wage and wealth inequality, AI could reduce wage inequality through the displacement of high-income workers. However, two factors may counter this effect: these workers’ tasks appear highly complementary with AI, potentially increasing their productivity, and they are better positioned to benefit from higher capital returns. When firms can choose how much AI to adopt, the wealth inequality effect is particularly pronounced, as the potential cost savings from automating high-wage tasks drive significantly higher adoption rates. Models that ignore this adoption decision risk understating the trade-off policymakers face between inequality and efficiency.
Here Comes the Inevitable Backlash to DSA’s Rise
The Democratic elites are wary of the insurgency.
The Moon Is a Harsh Mistress
It is a tale of revolution, of the rebellion of a forme…
Solutions Privilege: How privilege shapes the expectations of solutions, and why it’s bad for our work addressing systemic injustice
Hi everyone, quick disclaimers. Game of Thrones is back, and it runs on Sunday nights, when I’m usually doing my writing, so the next several blog posts will likely decrease in quality and coherence. The last few days also found my kids with food poisoning. I will spare you
"ATProto could usher in one of the largest redistributions of wealth in modern history" is an eye opening and not unrealistic claim to make if we all make this thing work.
Exploring the Frontier of Feeds - The Open Garden
jshaked.leaflet.pubif there's one conclusion that the study of both labor history and imperialism converge on, it is that the richest people in the world are happy to burn money on control, power, impunity. and the "everything is about profit" version of anti-capitalism does not survive serious contact with either
Leonard Pierce
Adding to this thread: it’s a common mistake (I’ve made it myself, many times) to think of the motivations of the capitalist elites as essentially mercantilist: that is, that they are largely still motivated *entirely* by profit and loss, selling product, etc. This has not been true for a while.
