Date archives "May 2009"

The trap of an infinite growth economy

I often argue that it is necessary to divorce the workings of markets, one of the means to allocate and exchange scarce resource, from the particular infinite growth system they are embedded in for the moment. Thomas L. Wayburn, a ‘thermo-economist’, who sees economics through the lens of energy expenditures and flows, reprints a contribution… Continue reading

Ryan Lanham on Why P2P isn’t Capitalism or Socialism

Ryan Lanham has been continuing his work on establishing the Core P2P Collaboration Principles, which takes a more ethical approach to P2P. I’ve asked him to elaborate on his point of view for our blog. Ryan Lanham: “A peer-to-peer (P2P) project is not suitably classified under any mainstream economic system. That’s because the motivations behind… Continue reading

Feedback loops of attention in peer production

Via Ryan Lanham: “Article: Feedback loops of attention in peer production, Fang Wu, Dennis, M. Wilkinson and Bernardo A. Huberman, 2009/05/12, Abstract: “A significant percentage of online content is now published and consumed via the mechanism of crowdsourcing. While any user can contribute to these forums, a disproportionately large percentage of the content is submitted… Continue reading

How parasitic investments lead to a contraction cycle

This could be seen as an update to our contribution on “The new long wave“. The following excerpts (see the wiki links) are from a must read article by Thornton Parker, “Reforming Global Finance: From Wall Street Bird Nests to Main Street Growth Cycles”, which appeared in Hazel Henderson’s EthicalMarkets.com. Parker’s argument can be summarized… Continue reading

Debating Parecon (2): First response to Michael Albert’s Challenge

We continue our coverage of the P2P/Parecon debate featured at ZNet. Below is my response to Michael’s questions and (counter)arguments. It does perhaps not adequately address the recurring question about p2p values, a subject to which I may return. 1. Michael Albert writes: “You say peer to peer is “bottom-up” processes whereby “agents in a… Continue reading

Obama, Ptolemy and the end of the bank-centric universe

From a really brilliant intervention by Arianna Huffington at the Huffington Post, which I received via SolidarityEconomy.net: Arianna Huffington: “A series of recent meetings with members of Barack Obama’s economic team (including running into Larry Summers on my way to an appointment in the West Wing, leading to a spirited back-and-forth that made me feel… Continue reading