Currently viewing the tag: "generative economics"
“Here’s to the crazy ones, the misfits, the rebels, the trouble-makers, the round pegs in the square holes, the ones who see things differently: they’re not fond of rules, and they have no respect for the status-quo. You can quote them, disagree with them, glorify, or vilify them. About the only thing you can’t do is ignore them, because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world—are the ones who do.”
Generative economics is rooted in a simple insight: that economic activities can have corrosive or generative impacts on future available resources. The dynamics of an economic environment can add another layer of corrosive or generative potential to the activities in question. Analysis can be subtle, however, because generative qualities are often not the focus of conventional thinking or play out over the long term.
When state and municipal budgets are tight, education funding is usually targeted for cuts. The politics of the cuts is almost always framed as being about “holding teachers and schools accountable” as a way of protecting the future we expect for children. The reality is that those cuts reduce the resources available to students, and “non-essential” courses like music and art are eliminated in favor of those subjects standardized test-makers know how to test for.
“The minds on the margin are not marginal minds” is the guiding philosophy of the project Anil Gupta discusses in this talk, aimed at highlighting efforts to find indigenous Indian entrepreneurs who might have the best ideas for shaping a better future, though they lack the resources to get their ideas into the mainstream culture or the realm of cutting-edge science.
Knowledge is wealth in its purest form, fully possessed by and inseparable from the individual. As noted in previous sections of this essay, the application of deliberately obtained knowledge to complex situations establishes the sovereignty of the individual. Variety is wealth insofar as it offers an array of options which may be combined in countless ways to confront the problems of living in the world. Variety in knowledge offers adaptability, and adaptability is the key to survival and prosperity at all levels. Ultimately, resilience, rooted in such flexibility, is the real meaning or value of wealth, of any kind.
The book Plan C: Community Survival Strategies for Peak Oil and Climate Change addresses the problem of resource depletion and the degradation of our environmental base by illustrating how community erosion due to a culture of excess leaves human society without adequate means of planning for a world in which exponential growth is not the norm. Resource depletion already means the endless expansion of resource consumption is not possible, so author Pat Murphy proposes a localized community-oriented approach to overhauling the prevailing economic paradigm.
The wind-power generation paradigm is wind turbines turning due to the pressure of oncoming winds. The standard is a single fan with three blades that turns at a relatively slow and constant rate to maximize energy extraction from wind currents passing over the blades and turning the turbine. The ‘WindCube’, however, fits a wind-amplification paradigm, a possible first-step to a new era in wind-turbine technology.
Pres. Barack Obama today visited the Interior Dept., noting it was once called in jest “the Department of Everything Else”, a government agency with responsibility for nearly 1/5 of the entire land area of the United States. He professed his intention to task the Interior Dept. with taking major steps to help build green infrastructure for an energy economy based on solar-voltaic and wind-turbine-generated energy.
There is talk of a major overhaul of the US banking system, with some analysts and economists saying the situation is so dire that widespread “nationalization” —or government takeover— will be necessary, and others saying there needs to be a bad-debt takeover bank, that takes on the huge financial risk of major banks’ “toxic assets”, so that the banks can “clear their books” and begin to lend. But another possibility looms as the likely more appealing option: the creation of a Federal Competitive-Lending Bank (FCLB)…
The climate change conference currently underway in Poznan, Poland, seeks to build on the Bali agreement, adopted by 180 countries in 2007, in hopes of achieving a global emissions regime. A sweeping economic downturn overtaking North America and Europe, and now hitting China’s manufacturing and export base, it is feared, will hamper efforts to implement comprehensive green industrial and economic reforms.
It may be that “a few bad apples” got the ball rolling on what has turned into a massive international financial disaster. Or, it may be that a few bad apples got their names in lights, while the entire system conspired unwittingly in a spectacular collapse. Either way, the best expression of the problem might be to say that markets have stopped working, in part, because they have been comprehensively modified to stop working like markets. An open banking transparency network would reduce the motivation for wrongdoing and privilege more reliable sources of information, creating confidence and motivating sound market dynamics.
US president-elect Barack Obama pledged on Saturday, in his weekly radio and web address, to initiate a massive public works program to help create jobs, build a greener economy, restore US industrial relevance and spur economic growth. The plan announced by Obama would also require that states who participate in the massive investment in new and upgraded infrastructure use the money quickly or lose the funding.
As the “perfect storm” gathers from inchoate, deceptively non-threatening winds, we can look ahead, backward and into the mirror and ask how crisis comes, or why, if it is inevitable, if we might just fall right out of it, as we fell into it. But the answer is simple: human crisis comes from excess, from inordinate ambition, from misplaced aggression, from over-exploitation of resources, each of which generates real and problematic tension across the landscape of human experience.
The Hot Spring is forming an ongoing research community project to develop zero-combustion energy sourcing technologies. The first phase of the project entails filling in the conceptual space of the zero-combustion paradigm for energy generation. Next, we propose thinking toward the “jump generation” technologies, which emerge from advances still not in practical application, but which will enable us to vastly expand the energy-productivity of our resource base.
President-elect Barack Obama said yesterday in his weekly radio address —now also a video staple on YouTube— he has already tasked his economic team “to come up with an economic recovery plan that will mean 2.5 million more jobs by January 2011″. Obama has long pledged he would incentivize development of a green-energy economy, as a response to the imperatives of economic sustainability, job-creation and reduced environmental impact. The president-elect added that “it will be a two-year, nationwide effort to jumpstart job-creation”, ostensibly a first building-block in what may be a broader economic recovery, which he hopes will be in full swing before the end of his first term.
Just a couple of years ago, the conventional wisdom dictated that financial minds must view “green technology” as pie in the sky, an unaffordable idealistic quest for something beyond the “easy” solution of endless oil. Then, almost overnight, the financial markets discovered that oil was not infinite, that the entire US economy was beholden to the pricing whims of an international cartel —this was long known, but tolerated—, and failure to go green could cripple the world’s most powerful democracy.
Complexity is not an outlandish tendency of troubled souls and pretentious intellects; it is the basic state of nature as we know it. The more we discover, the more certain we can be of this: even elemental particles are less solid than they seem, behaving like tightly bound arrangements of spherical bodies —irreducible monads—, they apparently achieve this physics by behaving like something they are not (now widely accepted in particle physics, “string theory” proposes that elemental particles are actually 2-dimensional vibrating “strings” whose vibration causes them to interact as if they were not strings at all).
To understand the relevance and virtues of Barack Obama’s economic vision, we have to look at the long history of struggle between American laissez-faire capitalism and American middle-class capitalism. We are on the verge of what is likely to be a comprehensive philosophical shift in economic policy toward generative investment, which means counting as economic imperatives the resilience and productive expansion of the positive bases of economic growth, i.e. human and environmental health and well-being, resource-density and cyclical models of resource use and reproduction.
China is choking under a thick covering of contaminants produced from burning carbon-based fuels for industrial production, power-generation, and transport. Environmental degradation is so rampant that much of the northwest of the country is being lost to rapidly expanding deserts. And desertification threatens the already shaky balance between China’s available arable land and its skyrocketing demand for cheap food. Policy makers and market theorists in China and abroad should be thinking about whether that desert can produce something to help China escape the mounting environmental and public health cataclysm.
During the concluding half of the last century, the world was making steady progress in reducing hunger, but during the transition into the new century, the tide began to turn. In February 2007, James Morris, head of the U.N. World Food Programme (WFP), announced that 18,000 children are now dying each day from hunger and related causes. For perspective, this loss of young lives in one day is almost five times U.S. combat deaths in Iraq through four years of fighting. Although these huge numbers of dying children may be an abstraction, each represents a young life ended far too soon.
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