Categories
Civilization Current events Economics

On Economics

Figured I’d start collecting information related to economics.

Eric Weinstein, on his Portal podcast, has advanced the idea that we may be post-growth, at least in some parts of the economy, that this is being hidden in some fashion, and that it may ultimately have serious consequences for society.

Here’s an article by Eric Weinstein on “Anthropic Capitalism”. I’m not yet sure I understand what he’s saying:

https://www.edge.org/response-detail/26756

Quillette has this article, arguing for a need to maintain growth as a goal. I haven’t read it yet, but will soon/

https://quillette.com/2020/01/09/the-growth-dilemma/

Here’s the Wikipedia entry for “post-growth”:

https://en.wikipedia.org/wiki/Post-growth

I will keep adding to this post as I find things.

Categories
Economics Education

On Eric Weinstein and The Portal

Ideas and concepts that he and his guests have brought up

  • Higher education in the US is basically a pyramid scheme for wealth transfer from the Gen-Xers, Millenials, and younger generations, to the Boomers and Builders: the economic model of our higher education system is based on growth – eg, PhD candidates are training to become professors, but obviously there can never be enough professorships unless the education system is growing; true growth in the education system ended a long time ago, and so in order to preserve the system, institutions have grown in administrative positions, leading to cost inflation that exceeds even that of healthcare, and along with it, massive debt.
  • Real economic growth has ended for the US and perhaps much of the rest of the world, but institutions that depend on the growth paradigm are obscuring this reality.

Categories
Current events Economics

The Trump economy

I’ve been wondering to what extent the current economic boom is attributable to Trump and his policies and legislation. My instinct is toward doubt, but who knows?

https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-growth-on-fire.html