My latest Locus column, "Let’s Get Better at Demanding Better from Tech," looks at how science fiction can make us better critics of technology by imagining how tech could be used in difference social and economic contexts than the one we live in today. Read the rest
The Re:Create coalition has just published Unlocking the Gates: America's New Creative Economy, a quantitative report that uses rigorous statistical methods to derive the total income, by state, earned by creators who use the internet to reach their audiences. Read the rest
Jamie Zawinski (previously), who owns San Francisco's amazing DNA Lounge venue, does a postmortem on the announcements from Slim's and the Great American Music Hall that they have "partnered" with Golden Voice, a division of Anschutz Entertainment Group, a $8 billion company that is the world's largest owner of sports teams and events; owns Coachella and ten other large festivals, and is in turned owned by a Fundamentalist, homophobic, climate change denier. Read the rest
Calculating inflation, earning power, social progress, equality and inequality -- they all depend on being able to compare what used to be happening in our economy to what's happening now, and the way we do that is with money. Read the rest
Leonardo Chiariglione is founder and chairman of the International Standards Organization's Motion Picture Expert Group (MPEG), whose standards have dominated video playback since the earliest days; MPEG's primary rival is the Alliance for Open Media, an ascendant open standards body that requires that members promise not to enforce patents that overlap with its standards, meaning that anyone can play back AOM video without paying rent to MPEG members. Read the rest
If you hit a dead link on the Financial Times' website, you get a 404 page that offers a series of funny possible explanations for the page's nonexistence, each corresponding to a different economic theory (like "monetarism," the "efficient markets hypothesis" and "trickle-down"), and many are linked to articles from the FT's archives that delve into the concept. Read the rest
Oxfam's released its annual report on inequality, timed to coincide with the World Economic Forum, and unlike previous reports (which focused on attractive but misleading stats about the relative wealth of poor and rich people), the new one focuses on the growth in the fortunes of the world's richest people, a stat that is a much more reliable indicator of growing inequality. Read the rest
Technological limitations in the design of the Bitcoin system means that the network only processes about seven transactions per second, unless you pay someone with a lot of compute-power to log your transaction, currently at the rate of about $20/transaction. Read the rest
Wall Street consultants Quinlan & Associates have published "Fool's Gold: Unearthing The World of Cryptocurrency," a $5000, 156-page report that predicts that Bitcoin will drop to $1800 by next December, and down to $810 by 2020 (it is currently trading in the $14,000 range). Read the rest
Barry Ritholz maintains two stock indices: the Oligarch Index contains "companies that Trump liked" in his public communications; the Drain the Swamp index has "companies that Trump trashed." Read the rest
Nudging -- the idea that a well-designed "choice architecture" can help people make free choices that are better than the ones they would make without the nudge -- has a few well-publicized success stories: the cafeteria where frontloading veggies and other healthful options gets kids to choose carrots over pizza; and the employer-side deduction for retirement savings that gets employees to put aside a little more to retire on (this insight rates a Nobel-adjacent prize*!). Read the rest
UC Berkeley economist J Bradford DeLong's wide-ranging Reinvent interview covers a lot of ground, but is especially fascinating on the long-term trajectory of small businesspeople who bet their commercial futures on platforms -- he uses Uber drivers as an example, but this has implications in lots of sectors. Read the rest
When Washington State legalized recreational marijuana three years ago, it created a licensing regime that was supposed to protect and encourage small growers, but the data shows that marijuana growing has consolidated into a few large suppliers, even as the price per gram has fallen -- and that the industry's embrace of exotic derivatives like edibles and concentrates is capital-intensive and inaccessible to small, independent providers. Read the rest
Alice Maz was part of a small group of players who came to have near-total mastery over the internal economy of a popular Minecraft; Maz describes how her early fascination with the mechanics of complex multiplayer games carried over into an interest in economics and games, and that let her become a virtuoso player, and brilliant thinker, about games and economics. Read the rest
Extreme housing prices in California -- driven by a combination of speculation, favorable legal/tax positions for landlords, foreclosures after the 2008 crisis, and an unwillingness to build public housing -- has created vast homeless encampments, but there's a less visible side to the crisis: working people in "good jobs" who have to live in their cars. Read the rest
Since the Great Recession, the wealth gap between poor whites and poor blacks and Hispanics collapsed (all the poor people are living in similar poverty), but the wealth gap in the middle class grew: middle class blacks and Hispanics are worse off than middle class whites, a phenomenon that's increased since 2008/9. Read the rest
