late stage capitalism
Sarah Drinkwater and
late stage capitalism
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.
But the Cigna review system that blocked van Terheyden’s claim bypasses those steps. Medical directors do not see any patient records or put their medical judgment to use, said former company employees familiar with the system. Instead, a computer does the work. A Cigna algorithm flags mismatches between diagnoses and what the company considers... See more
Patrick Rucker • How Cigna Saves Millions by Having Its Doctors Reject Claims Without Reading Them
How ‘Your Package Has Been Delivered’ and other Automated Messages Erase Essential Human Labor ❧ Current Affairs
Current Affairscurrentaffairs.org
Love and effort create magnificent places. Genius inhabits them. People go to them because they know such places and landscapes offer consolation of the soul, and the soul is not fooled by substitutes. We let those places turn our moods, we want them to, they do so easily. Today it is not always hard to find such places, but why is it difficult to make new ones?
the urge to commoditize alone improves a seen monetary cost at the expense of the unseen. We must not think it comes free of charge.
That which is unique, breaks. When finished objects become commodities they break too, but they are easily replaced. When you break a chair, you buy another chair. We know well how to make one thousand chairs. They sit in boxes, lining the warehouses, ready for two-day shipping.
To mend is to comprehend a human scale problem, and without this understanding our creations become strange creatures
When the unique is created, it also creates the creator.
Noam Chomsky on alternatives to capitalism:
I think that, what used to be called centuries ago "wage slavery," is intolerable. And I don't think that people ought to be forced to rent themselves in order to survive. I think that the economic institutions ought to be run democratically, by their participants, by the... See more