The words “money” and “productivity” should be interchangeable. So, what exactly did Goldman Sachs produce in order to amass such astonishing amounts of “money?” Where is the corresponding astonishing productivity?
Innovation economics is an economic doctrine that reformulates the traditional model of economic growth so that knowledge, technology, entrepreneurship, and innovation are positioned at the center of the model rather than seen as independent forces that are largely unaffected by policy.
Wonder where your money went? “John Paulson took it,” wrote Peter Cohen of BloggingStocks. Want to know what Paulson is buying this year? Gold. Betting against the dollar is his latest ploy and so far seems to be working. Ummmm…this means that the rest of us are basically screwed, again.
No matter whether you like her or not, you can’t help but feel something for her. The Cinderella launch into worldwide stage, full public disclosure of her laundry room, dumped at the altar by the grizzled groom, sent back to Alaska with a scarlet letter (take your pick) tattooed on her forehead. Alas, the epiphany: God speaks to the persecuted one; “Rise Up and serve thy mission!”
Every week, we’ll collect headlines from the Google News Search that contain the word “money” and replace it with the word “Productivity” [in brackets]. If the headline still makes sense, then enjoy the article in confidence that you are being nourished. If it tells a different story, it’s Bovine Economics – suitable for mushrooms and methane
I am amazed at how many of my friends say that they do not understand economics – then I visit their facebook page only to find all the trappings of advanced economic theory. Economics is the science of incentives and currency is the medium of exchange.
I am always amazed when I get that proverbial chest thumping quasi-barrister “cease and desist” letter, followed by remedial citation of copyright law, and always ending with some pathetic accusation of irreparable damages and criminal violation.
I am seeing an increasing amount of articles and ideas related to an alternate financial system. The continued traditional media narrative implies that the current system is unstable and corrupted with insider deals, Ponzi schemes, bribes, and high profile acquittals of financial crime. The underlying age-old assumption is that the wealthy (merchant class) will win and the rest of us (the working class) will lose.
The climate change summit ended in a draw after Kyoto ended in party pooper. You can count the financial crisis, endless warfare, world hunger, slave labor, forest-to-dump consumerism among the same pile of sun dried bullshit. Does anyone still trust the “leaders”?
One of my favorite aggregation sites is Business Week Exchange. To me BX represents a knowledge inventory. Everyone who posts to this site is a media maven, social influencer, and trust agent. Each one represents a galaxy of relationships, experiences, and followers. All the categories are sourced by these users. All of the articles are sourced and often written by these users. All the trending data are produced by the users. By far, my highest QUALITY followers come from BX; not Twitter, not Facebook, and not Friendfeed.
Societies since the beginning of our time would have envied us beyond words – as their villages were pillaged, as the plague spread, or as the hurricane hit shore – if they had a system that could unify and organize people as we can do today with social media. My fear, is that we will use this tool to divide instead of unify.
Half insightful synthesis and half tongue-in-cheek, this article suggests that virtual currency may impact the current monetary system. The conclusion is brilliant suggesting that the national debt could be paid in virtual currency.
Once users lose the ability to reject a brand message, we’re all right back where we started from.
All this plays out in a delicate dance of “crowd sourced censorship” Whatever survives this gauntlet of execution becomes THE NEWS.
As an Engineer, my respect for the Advertising/Marketing/PR, as an industry, is diminishing daily. I see what is gorged behind the curtain and I see what is reguritated in front to the curtain. The degree of hypocrisy defies social responsibility.
History often provides clarity in the present. I was searching the term “Social Currency” and I found these two posts on a forum from all the way back in 2001. The authors are quite explicit in their expectations of social currency in their present and deep into the future.
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