Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Chaos’

A bright future by Paul Mason

Posted by hkarner - 29. April 2019

Date: 28-04-2019
Source: The Guardian
Subject: Clear Bright Future by Paul Mason review – in the midst of crisis, a work of radical optimism

The current chaos contains the seeds of revolutionary change, argues the author of PostCapitalism. We need to challenge markets, take control of technology and consider what it means to be human

Tour de force … Paul Mason.

In a classic Little Britain sketch, David Walliams, playing a bank clerk named Carol, flatly refuses applicants for a loan – however reasonable, hopeful or desperate – with the robotic “Computer says no”. As this catchphrase illustrates, the everyday consequences of our surrender to machines are by now maddeningly familiar. Less evident is the political and intellectual work that has gone into legitimising it. In his latest tour de force, the former TV economics editor turned activist and author Paul Mason traces how an alliance of popular science gurus and Silicon Valley tycoons has led us to belittle our unique capacities as human beings, preparing the ground for the approaching supremacy of AIs.

As with machines, so with markets, whose worship has reduced relationships to competitive transactions, and individuals to homo economicus – a crass fictional construct programmed to maximise financial advantage at all times. Mason also chides the newer discipline of behavioural economics for framing us as flawed decision-makers who need to be “nudged”.

We have forfeited faith in our own capabilities, Mason argues, just when we need to strategise our way out of multiple political and environmental crises. The good news is that the current chaos contains the seeds of revolutionary change: the “clear bright future” of the title is from Leon Trotsky. We can uncancel this future, Mason insists, but only by rediscovering a quality that has become curiously unfashionable – humanity – and seizing control of technology. The socialisation of knowledge will enable us to overthrow capitalism, and automation will abolish our need to work. Den Rest des Beitrags lesen »

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EU-Kommission warnt vor Brexit-Desaster

Posted by hkarner - 20. Juli 2018

Date: 19-07-2018
Source: SPIEGEL Von Markus Becker

Zusammengefasst: Die EU-Kommission hat die Behörden in den EU-Staaten und die Wirtschaft dringend ermahnt, sich auf alle Szenarien des Brexits vorzubereiten – auch auf einen Austritt Großbritanniens ohne Abkommen. Der Grund: Die britische Regierung ist nach wie vor tief zerstritten, der Ausgang der Verhandlungen mit der EU ist offen.

Großbritannien und die EU versuchen verzweifelt, einen chaotischen Brexit zu verhindern – doch die Zeit läuft. Die EU-Kommission fordert nun Behörden und Firmen auf, sich auf das Schlimmste vorzubereiten.

EU-Kommissionschef Jean-Claude Juncker

Ein EU-Austritt Großbritanniens ohne Abkommen galt lange als kaum denkbares Horrorszenario. Doch das ist spätestens seit Donnerstag anders: Die EU-Kommission hat die Behörden der Mitgliedsstaaten und die Wirtschaft ermahnt, sich auf alle Szenarien vorzubereiten – und damit auch auf einen chaotischen Brexit ohne Austrittsabkommen.

„Die Vorbereitungen müssen auf allen Ebenen sofort beschleunigt werden und alle möglichen Ergebnisse in Betracht ziehen“, heißt es fettgedruckt in dem entsprechenden 18-seitigen Papier. Zwar tue man weiterhin alles, um rechtzeitig ein Abkommen über einen geordneten Brexit hinzubekommen. Doch ob das gelinge, sei keineswegs sicher, betont die Kommission.

Die Verhandlungen zwischen London und Brüssel kommen seit Monaten nicht vom Fleck. Zwar hat die britische Premierministerin Theresa May vergangene Woche ihr Weißbuch vorgestellt, in dem sie erstmals ihre Vorstellung über die Beziehungen zur EU nach dem Brexit formuliert hat. Doch zentrale Details des Austritts selbst sind nach wie vor offen, allen voran die Frage, wie eine harte Grenze zwischen Irland und Nordirland verhindert werden kann. Den Rest des Beitrags lesen »

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‘Edge of Chaos’ Review: A System in Need of an Overhaul

Posted by hkarner - 30. April 2018

Date: 29-04-2018
Source: The Wall Street Journal

Democratic capitalism is a peerless engine of economic growth, but it threatens to break down if current trends continue. George Melloan reviews “Edge of Chaos” by Dambisa Moyo.

Economist Dambisa Moyo

Dambisa Moyo, a Zambian-born economist, made a name for herself in 2009 with “Dead Aid,” arguing persuasively that foreign aid has preserved poverty in Africa instead of relieving it. Now she is embarked on an even larger project, proposing reforms in democracy itself in the developed world.

Ms. Moyo is a dedicated democratic capitalist. After earning a master’s degree at Harvard in public administration and a Ph.D. in economics at St. Antony’s College, Oxford, she did a turn at Goldman Sachs before becoming a full-time author. She serves on several corporate boards.

She writes that economic “growth matters—powerfully—to ordinary people” and that democratic capitalism has “proven itself, historically, to be a peerless tool for growth. . . . Nevertheless, the system urgently needs an overhaul if we are to jump-start the global economy.” She is concerned about the world’s rising debt level and about threats to international trade: “Established measurements suggest that globalization is now slowing, or worse, receding.” The diminution of global trade, the collapse of cross-border capital flows and the mounting constraints on the movement of labor—separately or together, she believes, these developments will result in deteriorating living standards and geopolitical unrest. There is even the danger, she adds, of “a global economic death spiral.”

If you overlook the hyperbole, Ms. Moyo’s diagnosis is worth pondering. The anti-immigration backlash in Europe and the United States, not to mention Donald Trump’s trade sparring and protectionist leanings, are unsettling. But what she offers up as a solution—she calls it her Blueprint for a New Democracy—sounds a little dodgy as well. To her credit, she offers the arguments both for and against her 10 reform proposals. Most of the proposals focus on shoring up America’s democratic functions, but they could easily apply, in broad principle, elsewhere. Den Rest des Beitrags lesen »

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Trump’s Chaos Theory of Government

Posted by hkarner - 6. Februar 2017

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Chaos Theory of Donald Trump: Sowing Confusion Through Tweets

Posted by hkarner - 28. Dezember 2016

Date: 27-12-2016
Source: The Washington Post

US President-elect Donald Trump follows a pattern, confounding global media and world leaders with provocative statements on Twitter, at rallies or during television programs. His staff then attempts to reassure the public with interpretations and insistence that social media messages do not reflect official policy. “But nothing has created more consternation for many foreign policy experts than Trump’s assertion Thursday on Twitter that the country should ‘greatly strengthen and expand’ its nuclear capability,” write John Wagner and Abby Phillip. Trump supporters suggest the new style is more transparent, that the world must adjust to them. Others question if the president-elect understands the issues he is writing about. They describe the communication style as “confusing” and “governance by chaos.” A former assistant secretary of defense for public affairs suggests there can be benefits in strategic unpredictability and disruptions, but not in erratic behavior when global challenges require cooperation. US officials and global leaders alike have little choice but to study the patterns and determine how they might respond to future crises. – YaleGlobal

Governance by chaos? Trump suggests that the US should ‘greatly strengthen and expand’ nuclear capability and rest of the world tries to interpret the meaning Den Rest des Beitrags lesen »

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Denying Imbalances, G20 Risks Chaos – Part II

Posted by hkarner - 9. November 2011

Date: 08-11-2011
Source: YaleGlobal

Once again, the leaders of the world’s most powerful economies have procrastinated in coming together on a viable global strategy to end unsustainable imbalances. Overshadowing the G20 summit was the threat of a disorderly Greek default; the Greek government’s scrambled response; and rising bond prices and trouble for Italy’s debt. Eurozone leaders agreed to set up a rescue fund of at least $1 trillion for troubled members, but other countries are shuffling their feet, hesitating to contribute. This three-part YaleGlobal series analyzes efforts to stabilize the global economy. In the second article of the series, economist David Dapice contends that high government debt, slow growth and governments’ failure to provide a united response are the biggest, most immediate threats to the global economy. Governments recognize the need for global cooperation on reducing debts, austerity measures and tax increases, and gradual easing of global imbalances. But the gap between need and action is “khaos,” the Greek word for abyss. – YaleGlobal

Chaos isn’t just a Greek word as the G20 fails to address unmanageable debt Den Rest des Beitrags lesen »

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