A collection of some of the best links from around the web, manually curated.
Good read. «It is a paradox: our ever-growing productivity and our more insecure lives. Our understanding of economics is stuck in the past, in a world of scarcity.»
Comforting to learn that bankers know about their responsibility. «Running a mega-bank these days is like playing russian roulette with someone else’s head».
Paul Krugman’s concise explainer why the economy doesn’t recover.
In times when the opposite is back en vogue, it’s worth reflecting on this radical idea: Why not open all borders so that everyone can live and work where they wish? After all, why is it that in a globalised world, we accept that the place of birth remains one of the key determinants of someone’s chances in life? It’s not just a question of ethics, in fact, this article argues that it is an economic imperative to open borders.
Virtual currency Bitcoin has been the talk of the town since Cyprus’ crisis. I read a lot, yet could not find one article that really encapsulates the phenomenon. So I compiled a set of five articles that will help you understand Bitcoin.
If you and I supported terrorists and laundered money for drug cartels, we might be in a bit of trouble. But not if you’re in charge of running big business at the banks the financial crisis has taught us were «too big to fail». Matt Taibi reports in great detail how this can be and concludes: «An arrestable class and an unarrestable class. We always suspected it, now it’s admitted. So what do we do?»
Robots will replace 70% of all jobs. Don’t believe it? Check which of the Seven Stages of Robot Replacement you’re currently at.
Before the economy breaks down, lets break down the economy. Starring: A whiteboard and a lot of colorful pens.
Capitalism is here to stay. But it will have to change. Like it did numerous times in the past. Interesting perspective.
It’s important not to fall into the “not as bad as” trap, writes Paul Krugman in this noteworthy comment. We’re in a depression.
Make sense of what matters, today and for the future.
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