Capitalism
Blue Cross and Blue Shield began as nonprofits that insured all comers. But as big profit-seeking insurers targeted younger and healthier people, the Blues were left to insure the older and less healthy, which made it impossible for them to continue. They turned to making money. Now, private equity runs hospitals, into the ground.
Robert Reich • How private equity is destroying the labors of love
Who gets to determine the future is important!
If corporations, billionaires, and oil tycoons are the ones at the forefront of envisioning and building a new future – which are exactly the same actors that led to today’s polycrisis – then something is terribly wrong!
If corporations, billionaires, and oil tycoons are the ones at the forefront of envisioning and building a new future – which are exactly the same actors that led to today’s polycrisis – then something is terribly wrong!
Thomas Klaffke • Unframing the Future
Course | edX
learning.edx.org
If everyone owns a slice of American value creation, everyone will want America to do better: collective equity in innovation and in the success of the country will align our incentives. The new social contract will be a floor for everyone in exchange for a ceiling for no one, and a shared belief that technology can and must deliver a virtuous... See more
Sam Altman · March 16 • Moore's Law for Everything
How ‘Your Package Has Been Delivered’ and other Automated Messages Erase Essential Human Labor ❧ Current Affairs
Current Affairscurrentaffairs.org
As a society, we are so fully invested in capitalism, competition and algorithms that it’s almost impossible to pull ourselves out of the cycle to see a bigger pattern, which is that we have entire economies built upon our misery.
The enshittification of dating apps
Web3 Is the Opportunity We Have Had All Along: Innovation Amnesia and Economic Democracy
cryptocarnival.wtfcryptocarnival.wtfPolarization and gridlock have become increasingly synonymous with democracy.
This is not for lack of opportunities. Recent decades have seen social movements and technologists develop numerous experiments in more textured, responsive, and participatory forms of collective decision-making. These include participatory budgeting (Cabannes 2004), liquid democracy (Hardt and Lopes 2015), sortition (Gastil 2000; Bouricius 2013; Pek 2019; Fan and Zhang 2020), citizens’ assemblies (Niemeyer 2014; Chwalisz 2017; Giraudet et al. 2022), crowdsourcing (Hsiao et al. 2018; Bernal 2019), and various alternative voting systems (Posner and Weyl 2014; Emmett 2019). A growing field of platforms for online citizen engagement has emerged to facilitate these processes (Stempeck 2020). Yet in even the most advanced applications of technology-enabled governance, from Madrid to Taiwan (Hsiao et al. 2018; Smith and Martín 2021; Tseng 2022), the new mechanisms serve in solely advisory roles; participatory budgeting processes, while more likely to be binding, apply to only small fractions of public budgets.
Governments could be eagerly transforming themselves into the vibrant, creative, networked institutions that the networked world arguably needs them to be, but they are not.